Number
080182
Version
ORIGINAL
Reference
Sponsor
ALD. COGGS AND HINES
Title
Resolution authorizing the sale of the City-owned Neighborhood Properties at 5461 North 41st Street, 519 East Keefe Avenue, 2554 North 34th Street, 1830 West Meinecke Avenue and 2511 North 37th Street to the Milwaukee Community Service Corps, Inc. for housing production, in the 1st, 6th and 15th Aldermanic Districts.
Analysis
This resolution authorizes the sale of City-owned Neighborhood Properties according to the conditions in the Land Disposition Report pursuant to Section 304-49-7, Milwaukee Code of Ordinances.
Body
Whereas, The Milwaukee Community Service Corps, Inc. (“MCSC”), a non-profit organization, is a certified Community Housing Development Organization of the U.S. Department of Housing and Urban Development that rehabilitates and constructs affordable housing for the City of Milwaukee (“City”) using Community Development Block Grant (CDBG) funds allocated by the Community Development Grants Administration office; and
Whereas, MCSC has offered to purchase for $1,000 each the City-owned Neighborhood Properties at 5461 North 41st Street, 519 East Keefe Avenue, 2554 North 34th Street, 1830 West Meinecke Avenue and 2511 North 37th Street to renovate each house at a cost of about $100,000 using CDBG funds and then to sell the finished homes to owner-occupants as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and
Whereas, The Department of City Development (“DCD”) property sale policies provide for Common Council approval when a buyer requests to purchase more than two Neighborhood Properties to ensure the buyer has the financial resources and staff capacity to complete the rehabilitations; and
Whereas, Section 304-49-7 of the Milwaukee Code of Ordinances allows the City to accept unsolicited offers to buy Neighborhood Property when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, M...
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