City of Milwaukee - File #: 141614

• File #: 141614
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 2/10/2015
• In control: COMMON COUNCIL
• Final action: 3/3/2015
• Title: Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned property at 4243 West North Avenue, in the 15th Aldermanic District.
• Sponsors: Russell Stamper
• Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
3/10/2015	1	MAYOR	SIGNED
3/3/2015	1	COMMON COUNCIL	ADOPTED	Pass	15:0
2/24/2015	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Matt Haessly, Department of City Development Ald. Russell Stamper, 15th Aldermanic District Matt Bohlmann, The JMT Group LLC Attorney Roy Evans, homeowner in the area, appeared in support.	Pass	5:0
2/19/2015	1	CITY CLERK	DRAFT SUBMITTED
2/18/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
2/18/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
2/10/2015	0	COMMON COUNCIL	ASSIGNED TO

Number
141614
Version
SUBSTITUTE 1
Reference
040407, 070563
Sponsor
ALD. STAMPER
Title
Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned property at 4243 West North Avenue, in the 15th 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 Section 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, By adoption of File No. 040407 on July 27, 2004, the Common Council of the City of Milwaukee authorized the surplus declaration and marketing of the former Finney Library at 4243 West North Avenue; and

Whereas, By adoption of File No. 070563 on July 31, 2007, the Common Council authorized a land swap that altered the boundaries of the Finney Library site and the boundaries of the neighboring Boulevard Commons site, and in September, 2008, per that File No. 070563, two deeds were recorded to effectuate the land swap; and

Whereas, There have been previous unsuccessful attempts to sell the Finney Library site, but the interested parties were unable to close; and

Whereas, The Department of City Development (“DCD”) continued marketing the property and advertised a Request for Proposal on DCD’s real estate website and by MLS commencing during the Summer of 2013; and

Whereas, DCD did not receive a viable proposal to redevelop the property, so the asking price was reduced and the property was placed on DCD’s extended listing page; and

Whereas, Finney Arts Incubator LLC, Matthew Bohlmann, Member (“Buyer”) submitted a proposal to acquire the property in September, 2014; and

Whereas, DCD recommends that the Common Council approve a Land Disposition Report, a copy of which is attached to this Common Council File, providing details of the Buyer’s desired purchase and also approve City sale of the Property to the Buyer consistent with the Land Disposition Report; now, therefore...