Number
020267
Version
ORIGINAL
Reference
Sponsor
ALD. PRATT
Title
Resolution declaring a portion of the vacant, tax-deed lot at 4029 North 11th Street surplus and accepting an unsolicited Offer to Purchase from James Wright and Regina Wright for new residential construction, in the 1st Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will result in the sale of a vacant, tax-deed lot for residential construction.
Body
Whereas, James and Regina Wright have submitted an unsolicited Offer to Purchase a portion of the vacant, tax-deed lot at 4029 North 11th Street, Tax Key No. 243-0042-8, in the amount of $10,000 for construction of an owner-occupied single-family home; and
Whereas, The Department of City Development ("DCD") recommends acceptance of said Offer contingent upon closing within 90 days of Offer acceptance, 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 the date of adoption of this resolution; and
Whereas, DCD reserves the right to sell only a portion of the lot if the buyers' plans do not result in proper lot coverage; and
Whereas, The City of Milwaukee will retain the west 25 feet for future dedication and improvement as a public alley; 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 a portion of said lot is surplus to municipal needs; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the development portion of said lot is declared surplus; and, be it
Further Resolved, That said Offer to Purchase is accepted and that the proper City officials are authorized and directed to perform such acts as necessary to carry out the intent of this resolutio...
Click here for full text