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File #: 151804    Version:
Type: Resolution Status: Passed
File created: 3/29/2016 In control: COMMON COUNCIL
On agenda: Final action: 4/15/2016
Effective date:    
Title: Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 4270-72 South Howell Avenue, in the 13th Aldermanic District.
Sponsors: ALD. WITKOWSKI
Indexes: PROPERTY SALES
Attachments: 1. Land Disposition Report, 2. Due Diligence Checklist, 3. Fiscal Impact Statement, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
4/26/20161 MAYOR SIGNED   Action details Meeting details Not available
4/15/20161 COMMON COUNCIL ADOPTEDPass14:0 Action details Meeting details Video Video
4/12/20161 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Matt Haessly, Department of City Development Ald. Terry Witkowski, 13th Aldermanic District Marwan Otallah
Pass4:0 Action details Meeting details Video Video
4/7/20161 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
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
151804
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. WITKOWSKI
Title
Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 4270-72 South Howell Avenue, in the 13th Aldermanic District.
Analysis
This substitute 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 4270-72 South Howell Avenue (the “Property”) on January 1, 2015 through property tax foreclosure; and

Whereas, The Department of City Development (“DCD”) advertised the Property for sale on its website and through MLS in late 2015; and

Whereas, DCD staff accepted offers on a continuous basis until an acceptable offer was received and DCD recommends sale to Marwan Otallah (“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 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 the 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:Matt.Haessly:mfh...

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