City of Milwaukee - File #: 150376

• File #: 150376
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 6/23/2015
• In control: COMMON COUNCIL
• Final action: 7/21/2015
• Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 1946 South Muskego Avenue, in the 8th Aldermanic District.
• Sponsors: ALD. DONOVAN

Date	Ver.	Action By	Action	Result	Tally
7/30/2015	0	MAYOR	SIGNED
7/21/2015	0	COMMON COUNCIL	ADOPTED	Pass	12:0
7/16/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Matt Haessly, Department of City Development Hector Sanchez, Ultimate Contractors LLC Karla Priest, Sosa Garcia LLC	Pass	5:0
7/10/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/23/2015	0	COMMON COUNCIL	ASSIGNED TO

Number
150376
Version
ORIGINAL
Reference

Sponsor
ALD. DONOVAN
Title
Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 1946 South Muskego Avenue, in the 8th Aldermanic District.
Analysis
This 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, Ultimate Contractors, LLC has submitted an unsolicited Offer to Purchase the City-owned property at 1946 South Muskego Avenue to assemble with its adjacent property for construction of a parking lot that will serve its commercial building at 1956 South Muskego Avenue as summarized in a Land Disposition Report and Due Diligence Checklist, copies of which are attached to this Common Council File; and

Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited Offers to Purchase property when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the offer and proposal represent fair compensation to the City in terms of the purchase price and investment in the neighborhood; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the offer submitted by Ultimate Contractors, LLC for the property at 1946 South Muskego Avenue is accepted; 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 transaction and to take such actions as may be needed to effectuate the terms of the Land Disposition Report and this resolution; and, be it

Further Resolved, That the sale proceeds, less all sale and marketing expenses and a 30 percent disposition fee p...