powered help
header-left header-center header-right
Share to Facebook Share to Twitter Bookmark and Share
File #: 151798    Version: 0
Type: Resolution Status: Passed
File created: 3/29/2016 In control: COMMON COUNCIL
On agenda: Final action: 4/15/2016
Effective date:    
Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 4828 West Lisbon Avenue, in the 15th Aldermanic District.
Sponsors: ALD. STAMPER
Indexes: PROPERTY SALES
Attachments: 1. Land Disposition Report, 2. Due Diligence Checklist, 3. Fiscal Impact Statement, 4. Hearing Notice List, 5. Video Presentation
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
4/26/20160 MAYOR SIGNED   Action details Meeting details Not available
4/15/20160 COMMON COUNCIL ADOPTEDPass14:0 Action details Meeting details Video Video
4/12/20160 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Dwayne Edwards, Department of City Development Chueng Chen Lin, JRP Enterprises, LLC Ryan Pate, consultant
Pass3:0 Action details Meeting details Video Video
4/6/20160 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
3/29/20160 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

151798

Version

ORIGINAL

Reference

 

Sponsor

ALD. STAMPER

Title

Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 4828 West Lisbon Avenue, in the 15th Aldermanic District.

Analysis

This resolution authorizes the sale of City-owned Development 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 4828 West Lisbon Avenue (the “Property”) through property tax foreclosure on June 29, 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 one proposal by the established deadline and recommends acceptance of the proposal from JRP Enterprises, LLC (“Buyer”) 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, 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 a Purchase and Sale Agreement, deed and requisite closing documents and to close the transaction and 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 fee to the Redevelopment Authority of the City of Milwaukee, shall be credited to the Delinquent Tax Fund.

Drafter

DCD:Dwayne.Edwards:dke

03/29/16/C