Number
011046
Version
ORIGINAL
Reference
001736
Sponsor
ALD. JOHNSON-ODOM
Title
Resolution amending the disposition of the surplus, vacant, tax-deed lot located at 2776-78 North Bremen Street and authorizing the Department of City Development to advertise and accept Offers to Purchase for residential construction, in the 6th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will result in the sale of a surplus, vacant, tax-deed lot for development.
Body
Whereas, Common Council File No. 001736 declared 2776-78 North Bremen Street surplus and authorized the Department of City Development ("DCD") to accept an Offer to Purchase from Joseph Kaminsky and Jill Engel ("Buyers") for new residential construction; and
Whereas, The Buyers could not procure financing for their project; and
Whereas, Several new proposed buyers have expressed interest in purchasing this vacant lot for new construction; and
Whereas, DCD recommends that the surplus, vacant, tax-deed lot located at 2776-78 North Bremen Street be advertised for sale with a minimum asking price of $3,500 for new residential construction; and
Whereas, Sale of said lot will be in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition; and
Whereas, Acceptance of the highest and best use Offer to Purchase is contingent upon submittal, review and approval of site and building plans by the Department of City Development's Planning Division as well as submittal of evidence of having financing in place to complete development as proposed; and
Whereas, The City Plan Commission has determined that said lot is surplus to municipal needs; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that DCD is authorized and directed to advertise said surplus, vacant lot for sale, that the highest and best use Offer to Purchase may be accepted, that the proper City officials are aut...
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