City of Milwaukee - File #: 141511

• File #: 141511
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 1/21/2015
• In control: COMMON COUNCIL
• Final action: 2/10/2015
• Title: Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 611 West National Avenue, in the 12th Aldermanic District.
• Sponsors: ALD. PEREZ
• Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
2/19/2015	1	MAYOR	SIGNED
2/10/2015	1	COMMON COUNCIL	ADOPTED	Pass	15:0
2/3/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals present: Martha Brown - Dept. of City Development Matt Haessly - Dept. of City Development Gregg Hagopian - City Attorney's Office Chris Shelke and Randy - Northpoint Development	Pass	5:0
1/27/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
1/27/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
1/21/2015	0	COMMON COUNCIL	ASSIGNED TO

Number
141511
Version
SUBSTITUTE 1
Reference
141277
Sponsor
ALD. PEREZ
Title
Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 611 West National Avenue, in the 12th Aldermanic District.
Analysis
This substitute resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Sections 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee (“City”) acquired 611 West National Avenue through property tax foreclosure on January 5, 2015; and

Whereas, As contemplated by Common Council File No. 141277 and the December 23, 2014 U.S. EDA-City of Milwaukee Agreement authorized by that resolution (the “EDA-City Contract”), the Department of City Development (“DCD”) advertised the 611 West National Avenue property for sale and requested proposals; and

Whereas, DCD received and reviewed three proposals for the property by the DCD-established deadline; and

Whereas, DCD recommends acceptance of the proposal submitted by 611 West National Avenue Milwaukee, LLC (the “Buyer”) to acquire and redevelop the property as summarized in a Land Disposition Report and Due Diligence Checklist, a copy of which is attached to this Common Council File; and

Whereas, DCD discussed the Buyer’s proposal with the EDA and obtained EDA approval of the Buyer’s purchase price, as per the EDA-City Contract; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report is approved and DCD is authorized to enter into a Purchase and Sale Agreement with the Buyer materially consistent with the Land Disposition Report and then convey the property to that Buyer in accordance therewith; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign the Purchase and Sale Agreement, deed and requisite closing documents and to close the transac...