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File #: 020650    Version: 0
Type: Resolution Status: Passed
File created: 8/1/2002 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 9/24/2002
Effective date:    
Title: Resolution declaring vacant tax-deed and/or other municipally owned lots surplus to the City of Milwaukee's needs and authorizing the Department of City Development to advertise the lots for sale and accept offers to purchase for new residential construction in various aldermanic districts. (DCD)
Sponsors: THE CHAIR
Indexes: PROPERTY SALES, SURPLUS PROPERTY
Attachments: 1. Exhibit A.pdf, 2. Fiscal Note.pdf, 3. CPC Letter.pdf
Number
020650
Version
ORIGINAL
Reference

Sponsor
THE CHAIR
Title
Resolution declaring vacant tax-deed and/or other municipally owned lots surplus to the City of Milwaukee's needs and authorizing the Department of City Development to advertise the lots for sale and accept offers to purchase for new residential construction in various aldermanic districts. (DCD)
Analysis
This resolution will facilitate the aggressive marketing and sale of vacant lots for residential construction. Specifically, it will permit the Department of City Development to make the City's entire inventory of buildable residential lots available for sale on a first-come, first-serve basis after an initial public offering period without any further approvals from the Common Council. This will allow the City to expeditiously respond to its customers, demonstrate cost effective service delivery and aid growth of the tax base.
Body
Whereas, The Milwaukee metropolitan area has for several years been experiencing increasing rates of new home construction, with suburban home building activity reported to have resulted in a shortage of available and affordable land; and

Whereas, The City of Milwaukee ("City") has been enjoying unprecedented growth in the number of new residential units coming to market during this same time period, with large numbers of families and individuals looking to invest and live in the City because it is Wisconsin's center of commerce, culture and industry; and

Whereas, The Department of City Development ("DCD") has catalogued the City's vacant land inventory and identified 400 lots that separately or in combination are suitable for new residential construction; and

Whereas, The City has a competitive economic development advantage by virtue of its readily available and affordable real estate inventory, and further, the City can leverage that advantage by making improvements to existing land disposition processes; and

Whereas, DCD wishes t...

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