Number
051347
Version
ORIGINAL
Reference
040353
Sponsor
ALD. WITKOWSKI
Title
Resolution authorizing entry into an Agreement for Purchase and Sale for the surplus land at 4701-5001 South Pennsylvania Avenue in the City of Cudahy between the City of Milwaukee and Cobalt Partners, LLC.
Analysis
This resolution permits the City of Milwaukee to finalize negotiations of and to enter into an Agreement for Purchase and Sale whereby the City will convey a former landfill at 4701-5001 South Pennsylvania Avenue in the City of Cudahy pursuant to Section 304-49-17, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee (“City”) owns a 23.7-acre property at 4701-5001 South Pennsylvania Avenue in the City of Cudahy that was acquired in 1954 through consolidation of the Town of Lake and that was operated as a licensed solid waste landfill by the City's Department of Public Works (“DPW”); and
Whereas, DPW no longer uses the property as a solid waste transfer station and waste collection yard and took the appropriate steps to test the site and obtain conditional closure with the Wisconsin Department of Natural Resources; and
Whereas, By adoption of File No. 040353 on July 27, 2004, the Common Council of the City of Milwaukee declared the subject property surplus to municipal needs and approved its sale to Kendall Bruenig for $1,150,000; and
Whereas, Mr. Bruenig’s offer expired without closing and the Department of City Development (“DCD”) issued a Request for Proposals for sale of the property on an “as is” basis with no warranties; and
Whereas, Three proposals were received prior to the established deadline and DCD recommends acceptance of the proposal submitted by Cobalt Partners, LLC, because the offering price of $1,800,000 was the highest offer received; and
Whereas, Section 304-49-17 of the Milwaukee Code of Ordinances allows the City to accept offers to purchase when the City receives fair compensation, whether monetary or non-monetary; and
Where...
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