City of Milwaukee - File #: 050406

• File #: 050406
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 7/6/2005
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 5/9/2006
• Title: Resolution authorizing acceptance of an unsolicited Offer to Purchase from Shechtman Enterprises, LLC, for the unimproved, surplus City-owned land in the Calumet Farms Subdivision, in the 9th Aldermanic District.
• Sponsors: ALD. PUENTE
• Indexes: HOUSING, PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
5/15/2006	0	MAYOR	SIGNED
5/9/2006	0	COMMON COUNCIL	ADOPTED	Pass	15:0
5/2/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Speakers: Ald. Puente Elaine Miller - Dept. of City Development Tom Nardelli - rep. for the development team Maury Shechtman - Shechtman Enterprises, LLC	Pass	4:0
4/24/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/24/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/24/2006	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/19/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Held as more work needed.	Pass	5:0
7/12/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/12/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/12/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/7/2005		ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	REFERRED TO
7/6/2005	0	COMMON COUNCIL	ASSIGNED TO

Number
050406
Version
ORIGINAL
Reference
010931
Sponsor
ALD. PUENTE
Title
Resolution authorizing acceptance of an unsolicited Offer to Purchase from Shechtman Enterprises, LLC, for the unimproved, surplus City-owned land in the Calumet Farms Subdivision, in the 9th Aldermanic District.
Analysis
This resolution will permit the City of Milwaukee to accept an unsolicited Offer to Purchase pursuant to Section 304-49-17, Milwaukee Code of Ordinances.
Body
Whereas, In 1991, the City of Milwaukee (“City”) acquired through tax foreclosure 57 of 60 platted lots in the undeveloped Calumet Farms Subdivision (“Property”); and

Whereas, Development of the subdivision as platted was not feasible due to high infrastructure costs and because a portion of the Property was impacted by wetlands; and

Whereas, By adoption of File No. 010931 on November 27, 2001, the Property was declared surplus to municipal needs and the Department of City Development (“DCD”) was authorized to accept an Offer to Purchase from the Milwaukee Metropolitan Sewerage District (“MMSD”) to acquire the Property for flood mitigation and conservancy, but the program did not move forward and MMSD did not purchase the Property; and

Whereas, Shechtman Enterprises, LLC, acquired the three non City-owned lots in the Calumet Farms Subdivision and made an unsolicited proposal to DCD to acquire the Property and to reconfigure the site in a new subdivision plat that recognizes the presence of wetlands, adjacent roads and utilities and market conditions; and

Whereas, Section 304-49-17, Milwaukee Code of Ordinances, allows the City to accept unsolicited Offers and convey property to a designated entity for adequate fair market consideration; and

Whereas, DCD obtained an independent appraisal of the Property, has worked with Shechtman Enterprises on a development plan, has negotiated an Offer to Purchase that provides for fair market value, both monetary and non-monetary, and recommen...