City of Milwaukee - File #: 031726

• File #: 031726
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 4/13/2004
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 5/25/2004
• Title: Resolution declaring six vacant, tax-deed lots surplus and authorizing their sale to CityVentures, LLC, for residential construction, in the 15th Aldermanic District. (DCD)
• Sponsors: ALD. HINES JR.
• Indexes: PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
4/22/2014	0	COMMON COUNCIL	SIGNED
3/4/2014	0	COMMON COUNCIL	HEARING NOTICES SENT
3/4/2014	0	COMMON COUNCIL	HEARING NOTICES SENT
3/4/2014	0	COMMON COUNCIL	HEARING NOTICES SENT
2/10/2014	0	HISTORIC PRESERVATION COMMISSION	ASSIGNED TO
5/25/2004	0	COMMON COUNCIL	ADOPTED	Pass	15:0
5/18/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
5/12/2004	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION AND ASSIGNED	Pass	4:0
5/6/2004	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/5/2004	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
4/14/2004		PUBLIC WORKS COMMITTEE	REFERRED TO

Number
031726
Version
ORIGINAL
Reference

Sponsor
ALD. HINES
Title
Resolution declaring six vacant, tax-deed lots surplus and authorizing their sale to CityVentures, LLC, for residential construction, in the 15th Aldermanic District. (DCD)
Analysis
This resolution will result in the sale of six vacant, tax-deed lots for residential construction.
Body
Whereas, CityVentures, LLC, has submitted an Offer to Purchase in the amount of $2,000 per lot for the six vacant, tax-deed lots listed below:

ADDRESS, TAX KEY NO.

4210 West Garfield Avenue, #348-0498-X

4214 West Garfield Avenue, #348-0499-5

4226-28 West Garfield Avenue, #348-1301-5

2203-05 North 42nd Street, #348-0497-4

4219 West Garfield Avenue, #348-0504-0

2175-77 North 42nd Street, #348-0501-4

; and

Whereas, CityVentures, LLC, will assemble said lots with parcels purchased from private entities, subdivide at its own expense and construct seven single-family homes for rental to qualified tenants; and

Whereas, The Department of City Development ("DCD") recommends acceptance of said Offer contingent upon final site and building plan approval prior to closing on said lots; 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

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 vacant, tax-deed lots are declared surplus, that the Offer to Purchase from CityVentures, LLC, 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, less a 20 percent disposition cost reimbursement paid to the Redevelopment Authority of the City of Milwaukee, credited to the Reserve For Tax Deficit Fund Acc...