City of Milwaukee - File #: 141867

• File #: 141867
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 3/31/2015
• In control: COMMON COUNCIL
• Final action: 4/21/2015
• Title: Resolution accepting an unsolicited offer to purchase from Omri Ruben Deida to purchase 1234 South 17th Street for owner-occupancy, in the 12th Aldermanic District.
• Sponsors: THE CHAIR
• Indexes: CITY PROPERTY, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
4/24/2015	0	MAYOR	SIGNED
4/21/2015	0	COMMON COUNCIL	ADOPTED	Pass	14:0
4/14/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individual appearing: Karen Tayor, Department of City Development	Pass	5:0
4/9/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/9/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/8/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/8/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/31/2015	0	COMMON COUNCIL	ASSIGNED TO

Number

141867

Version

ORIGINAL

Reference

Sponsor

THE CHAIR

Title

Resolution accepting an unsolicited offer to purchase from Omri Ruben Deida to purchase 1234 South 17th Street for owner-occupancy, in the 12th Aldermanic District.

Analysis

This resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-7, Milwaukee Code of Ordinances.

Body

Whereas, The City of Milwaukee ("City") foreclosed on the property at 1234 South 17th Street due to delinquent property taxes; and

Whereas, The Department of City Development ("DCD") recommended that the property be marketed for sale; and

Whereas, Omri Ruben Deida has submitted an unsolicited offer to purchase the property to rehabilitate it for use as his homestead; and

Whereas, Said property and Mr. Deida's current residence share a common water line and Mr. Deida desires to maintain control of the water line; and

Whereas, Mr. Deida plans to rehabilitate the property and then occupy it as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and

Whereas, Section 304-49-7 of the Milwaukee Code of Ordinances allows the City to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, DCD has reviewed the offer and the rehabilitation proposal and has determined that the proposal represents fair compensation to the City in terms of investment in the neighborhood; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the unsolicited offer to purchase submitted by Omri Ruben Deida for the property at 1234 South 17th Street is accepted; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to close the transaction according to the terms of the Land Disposition Report; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to execute an Offer to Purchase, deed and all needed closing documents, including any needed easements and/or releases of deed restrictions; and, be it

Further Resolved, That the net sale proceeds, less sales expenses and a 30 percent disposition cost reimbursement to the Redevelopment Authority of the City of Milwaukee, shall be credited to the Delinquent Tax Fund.

Drafter

DCD:Karen.Taylor:kt

03/31/15/A