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File #: 150663    Version: 0
Type: Resolution Status: Passed
File created: 9/1/2015 In control: COMMON COUNCIL
On agenda: Final action: 9/22/2015
Effective date:    
Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 3607 West Villard Avenue, in the 1st Aldermanic District.
Sponsors: ALD. HAMILTON
Indexes: PROPERTY SALES
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report, 3. Due Diligence Checklist, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
9/29/20150 MAYOR SIGNED   Action details Meeting details Not available
9/22/20150 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Not available
9/15/20150 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Dwayne Edwards, Department of City Development Ald. Ashanti Hamilton, 1st Aldermanic District
Pass4:0 Action details Meeting details Video Video
9/9/20150 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
9/1/20150 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

150663

Version

ORIGINAL

Reference

 

Sponsor

ALD. HAMILTON

Title

Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 3607 West Villard Avenue, in the 1st Aldermanic District.

Analysis

This resolution authorizes the sale of City-owned Commercial 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 3607 West Villard Avenue (the “Property”) through property tax foreclosure on November 14, 2011; and

 

Whereas, The Department of City Development (“DCD”) advertised the Property for sale on its website and through MLS; and

 

Whereas, DCD received and reviewed two proposals by the established deadline and recommends acceptance of the proposal from Mr. Jonte Marshall (“Buyer”), or assignee, to acquire and redevelop the property as summarized in a Land Disposition Report and a Due Diligence Checklist, copies of which are attached to this Common Council File; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report is approved and that DCD is authorized to enter into a Purchase and Sale Agreement with the Buyer, or assignee, materially consistent with the Land Disposition Report, and then convey the Property to the 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 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 sale and marketing 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:Dwayne.Edwards:dke

09/01/15/E