City of Milwaukee - File #: 150377

• File #: 150377
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 6/23/2015
• In control: COMMON COUNCIL
• Final action: 7/21/2015
• Title: Resolution authorizing the sale of the City-owned tax deed property at 1800 West St. Paul Avenue to LCM Funds 30 St. Paul, LLC, for redevelopment and use as a parking lot, 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: Yves LaPierre, Department of City Development David Winograd, LCM Funds 30 St. Paul, LLC	Pass	5:0
7/10/2015	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/23/2015	0	COMMON COUNCIL	ASSIGNED TO

Number
150377
Version
ORIGINAL
Reference

Sponsor
ALD. DONOVAN
Title
Resolution authorizing the sale of the City-owned tax deed property at 1800 West St. Paul Avenue to LCM Funds 30 St. Paul, LLC, for redevelopment and use as a parking lot, 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, LCM Funds 30 St. Paul, LLC, desires to redevelop the parking lot at 1800 West St. Paul Avenue and has submitted an unsolicited offer to purchase the property; 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 proposed price and redevelopment represents fair compensation to the City considering the offering price and investment in the neighborhood; and

Whereas, DCD recommends sale of this lot, with closing contingent on DCD approval of final site and building plans; and

Whereas, The lot will be sold in “as is” condition, without representations or warranties, including, but not limited to, soil quality and subsurface condition; and

Whereas, DCD submits herewith a Land Disposition Report, a copy of which is attached to this Common Council File, describing the terms and conditions of the proposed sale; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of DCD, or designee, is authorized to accept the unsolicited offer to purchase submitted by LCM Funds 30 St. Paul, LLC, for the City-owned tax deed property at 1800 West St. Paul Avenue for purchase and redevelopment as outlined in the Land Disposition R...