Number
021014
Version
ORIGINAL
Reference
Sponsor
ALD. JOHNSON-ODOM
Title
Resolution declaring two vacant, tax-deed lots located at 2572 and 2576 North Palmer Street surplus and accepting an unsolicited Offer to Purchase from Harambee Ombudsman Project, Inc. for new residential construction, in the 6th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will result in the sale of two vacant, tax-deed lots for home-building purposes.
Body
Whereas, Harambee Ombudsman Project, Inc. ("HOPI") has partnered with a non-profit development company, Operation Fresh Start, and has offered to purchase for $1 each the vacant, tax-deed lots at 2572 and 2576 North Palmer Street for new residential construction; and
Whereas, The Department of City Development ("DCD") recommends acceptance of said Offer to Purchase, with the closing contingent upon site and building plan approval and submission of firm financing commitments; and
Whereas, Said lots are to be sold in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition, and the buyer shall be responsible for all site improvement and predevelopment costs; and
Whereas, The City Plan Commission has determined that there is no municipal need for said lots; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said lots are declared surplus, that the Offer to Purchase from HOPI 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 resolution with the proceeds from the sale credited to the Reserve For Tax Deficit Fund Account No. 0001-334106.
Drafter
DCD-Real Estate
SS:ss
11/06/02/A