Number
020968
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. HENNINGSEN
Title
Substitute resolution accepting Proposal for sale of surplus City-owned real estate.
Analysis
Acting pursuant to the provisions of Section 304-49-17, Milwaukee Code of Ordinances, the Common Council accepts the Proposal of Kilbourn Tower, LLC ("Developer") for the purchase of surplus City-owned real estate at 923 East Kilbourn Avenue, including the right-turn bypass ("Site"). Further, this substitute resolution directs that upon the Commissioner of City Development's determination that the Developer has satisfied all specified conditions set forth in the Term Sheet for said sale, that the proper City officials are authorized to convey the Site to the Developer subject to such restrictions as may be necessary to ensure compliance with the terms and conditions of the Term Sheet.
Body
Whereas, The City Plan Commission has, in accordance with Section 62.23(5), Wisconsin Statutes, considered and issued its report on November 11, 2002, regarding the sale of 923 East Kilbourn Avenue, Milwaukee, Wisconsin, including the vacated right-turn bypass ("Site") now owned by the City of Milwaukee ("City"); and
Whereas, The City originally acquired the Site by a warranty deed in 1939 pursuant to Common Council File No. 51231-j, adopted September 11, 1939, reciting a need for part of the parcel acquired to be used for "widening of East and West Kilbourn Avenue" (resulting in construction of the right-turn bypass) and the remainder identified as a "remnant"; and
Whereas, The Common Council has never dedicated the remnant or any other portion of the Site for use as public open space or park land; and
Whereas, The Common Council in File No. 000270, adopted June 25, 2002, approved vacation of the right-turn bypass in accordance with the procedures set out in Section 66.73, Wisconsin Statutes, and Sections 81-116 and 308-28, Milwaukee Code of Ordinances; and
Whereas, The acti...
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