City of Milwaukee - File #: 050461

• File #: 050461
• Version: 0
• Type: Ordinance
• Status: Placed On File
• File created: 7/26/2005
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 3/22/2007
• Title: An ordinance relating to conditions for the sale of surplus, city-owned real estate.
• Sponsors: THE CHAIR
• Indexes: CITY PROPERTY, PROPERTY SALES, SURPLUS PROPERTY

Date	Ver.	Action By	Action	Result	Tally
3/22/2007	0	COMMON COUNCIL	PLACED ON FILE	Pass	13:0
3/20/2007	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR PLACING ON FILE	Pass	5:0
3/5/2007	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
9/20/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	5:0
9/14/2005	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/26/2005	0	COMMON COUNCIL	ASSIGNED TO

Number
050461
Version
ORIGINAL
Reference

Sponsor
THE CHAIR
Title
An ordinance relating to conditions for the sale of surplus, city-owned real estate.
Sections
304-49-18 cr
Analysis
This ordinance provides that no bid or offer to purchase surplus, city-owned real property shall be accepted by the common council unless the bidder or maker of the offer has agreed, in writing as part of the bid or offer to purchase, to not apply for an exemption from real estate taxation under s. 70.11, Wis. Stats., in the event that the bid or offer to purchase is accepted. It further provides that the deed of sale for any surplus, city-owned real property shall contain a contain a permanent restriction prohibiting the purchaser, and all subsequent purchasers, from applying for exemption from real estate taxation for that property pursuant to s. 70.11, Wis. Stats.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Section 304-49-18 of the code is created to read:

304-49. Disposal of City Real Estate Property.

18. PROPERTY TO BE TAXABLE. a. Acceptance of Bid or Offer to Purchase. No bid or offer to purchase made pursuant to this section shall be accepted by the common council unless the bidder or maker of the offer has agreed, in writing as part of the bid or offer to purchase, to not apply for an exemption from real estate taxation under s. 70.11, Wis. Stats., in the event that the bid or offer to purchase is accepted.

b. Deed Restrictions. The deed for any surplus, city-owned property conveyed pursuant to this section shall contain a permanent restriction prohibiting the purchaser, and all subsequent purchasers, from applying for exemption from real estate taxation for that property pursuant to s. 70.11, Wis. Stats. A copy of the deed for each sale of property executed pursuant to this section shall be provided to the commissioner of assessments within 7 business days of closing.
LRB
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