powered help
header-left header-center header-right
File #: 060152    Version: 0
Type: Resolution Status: Passed
File created: 5/31/2006 In control: PUBLIC WORKS COMMITTEE
On agenda: Final action: 6/20/2006
Effective date:    
Title: Resolution declaring surplus and authorizing the sale of the improved, tax-deed property at 3250 North 25th Street, in the 7th Aldermanic District.
Sponsors: THE CHAIR
Indexes: PROPERTY SALES, SURPLUS PROPERTY
Attachments: 1. Fiscal Note.pdf, 2. Fiscal Analysis, 3. CPC letter
Number
060152
Version
ORIGINAL
Reference

Sponsor
THE CHAIR
Title
Resolution declaring surplus and authorizing the sale of the improved, tax-deed property at 3250 North 25th Street, in the 7th Aldermanic District.
Analysis
This resolution declares said property surplus to municipal needs and authorizes acceptance of an unsolicited Offer to Purchase.
Body
Whereas, The Department of City Development (“DCD”) recommended that the improved, tax-deed property at 3250 North 25th Street be demolished, but subsequently received an unsolicited Offer to Purchase from the Milwaukee Community Service Corporation, a nonprofit organization, to purchase it for $750 to rehabilitate it and sell it to an owner-occupant; and

Whereas, Said property requires significant rehabilitation, but the Milwaukee Community Service Corporation has submitted an acceptable scope of work and evidence of adequate resources to complete the rehabilitation; and

Whereas, DCD has reviewed the submitted documents and recommends acceptance of said Offer; and

Whereas, The City Plan Commission has determined that the property is surplus to municipal needs; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the property at 3250 North 25th Street, Tax Key No. 285-0747-00-0, is declared surplus to municipal needs and that the Commissioner of DCD or his designee is authorized to accept the unsolicited Offer to Purchase from the Milwaukee Community Service Corporation in the amount of $750; and, be it

Further Resolved, That the proper City officials are authorized and directed to perform such acts as may be required to consummate the sale of said property and that the proceeds, less sale expenses and a 25 percent disposition cost reimbursement to the Redevelopment Authority of the City of Milwaukee, be credited to the Reserve For Tax Deficit Fund Account No. 0001-334106; and, be it

Further Resolved, That as a condition of the sale of surplus property, purchaser i...

Click here for full text