Number
020266
Version
ORIGINAL
Reference
Sponsor
ALD. GORDON
Title
Resolution declaring the vacant, tax-deed lot at 5312 West Burleigh Street surplus and accepting an unsolicited Offer to Purchase from the Burleigh Street Community Development Corporation for construction of a multi-tenant commercial building, in the 7th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will result in the sale of a vacant, tax-deed lot for construction of a multi-tenant commercial building.
Body
Whereas, The Burleigh Street Community Development Corporation ("BSCDC") has submitted an unsolicited Offer to Purchase the vacant, tax-deed lot at 5312 West Burleigh Street, Tax Key No. 289-1097-5, in the amount of $1 for construction of a multi-tenant commercial building; and
Whereas, BSCDC was incorporated to serve as a catalyst for economic and real estate development in the Burleigh Street commercial corridor; and
Whereas, BSCDC is a model of nonprofit community development that embraces sustainable neighborhood revitalization objectives and exemplifies faith-based development principles; and
Whereas, BSCDC enjoys the support of area businesses and institutions and the larger philanthropic community; and
Whereas, The Department of City Development ("DCD") recommends acceptance of said Offer contingent upon site and building plan approval by DCD's Planning Division, proof of a financial commitment in place to complete the construction as proposed, and construction to be completed within 12 months from date of Offer acceptance; and
Whereas, DCD recommends sale in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition; 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 said lot is declared surplus; and, be it
Further Resolved,...
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