City of Milwaukee - File #: 031190

• File #: 031190
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 12/19/2003
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 1/21/2004
• Title: Substitute resolution declaring the vacant, tax-deed parcel of land located at 3427-29 West Villard Avenue surplus and authorizing acceptance of an Option to Purchase from NWSCDC/General Capital Group and/or assigns for development, in the 1st Aldermanic District.
• Sponsors: THE CHAIR
• Indexes: PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
11/5/2013	0	COMMON COUNCIL	HEARING NOTICES SENT
9/24/2013	0	COMMON COUNCIL	HEARING NOTICES SENT
9/24/2013	0	COMMON COUNCIL	HEARING NOTICES SENT
9/24/2013	1	COMMON COUNCIL	DRAFT SUBMITTED
9/4/2013	0	COMMON COUNCIL	HEARING NOTICES SENT
1/23/2004	1	MAYOR	SIGNED
1/21/2004	1	COMMON COUNCIL	ADOPTED	Pass	14:0
1/13/2004	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
1/7/2004	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION AND ASSIGNED	Pass	5:0
1/5/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
12/22/2003		PUBLIC WORKS COMMITTEE	REFERRED TO
12/19/2003	0	COMMON COUNCIL	ASSIGNED TO

Number
031190
Version
SUBSTITUTE 1
Reference

Sponsor
THE CHAIR
Title
Substitute resolution declaring the vacant, tax-deed parcel of land located at 3427-29 West Villard Avenue surplus and authorizing acceptance of an Option to Purchase from NWSCDC/General Capital Group and/or assigns for development, in the 1st Aldermanic District.
Analysis
This substitute resolution will result in the sale of a vacant, tax-deed parcel of land for redevelopment purposes.
Body
Whereas, NWSCDC/General Capital Group proposes to option the subject vacant, tax-deed parcel, combine it with other adjoining real estate holdings and redevelop the assembled real estate in accordance with plans to be submitted to and approved by the Department of City Development (“DCD”); and

Whereas, DCD recommends acceptance of NWSCDC/General Capital Group's option subject to receipt of a non-refundable $1,000 earnest deposit on the purchase price of $6,880 is due immediately upon Common Council approval of this resolution, said option having an initial term of six months and providing for two three-month extensions if reasonable progress in design development and financial packaging is being made to the satisfaction of the Commissioner of DCD; and

Whereas, DCD recommends that the real estate closing be contingent upon satisfactory urban design review by DCD and upon NWSCDC/General Capital Group's submission of firm financing commitments, with earnest money credited toward the purchase price; and

Whereas, The City Plan Commission has determined that there is no municipal need for this parcel; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the vacant, tax-deed parcel of land located at 3427-29 West Villard Avenue is declared surplus, that the Option to Purchase from NWSCDC/General Capital Group and/or assigns is accepted and that the proper City officials are authorized and directed to perform such acts as necessary to carry out the...