City of Milwaukee - File #: 160122

• File #: 160122
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 5/24/2016
• In control: COMMON COUNCIL
• Final action: 6/14/2016
• Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 3614 West North Avenue, in the 15th Aldermanic District.
• Sponsors: ALD. STAMPER
• Indexes: PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
6/22/2016	0	MAYOR	SIGNED
6/14/2016	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Dwayne Edwards, Department of City Development Juan Kennedy, New Living Church Inc.	Pass	3:0
6/14/2016	0	COMMON COUNCIL	ADOPTED	Pass	14:0
6/7/2016	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/7/2016	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/7/2016	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD IN COMMITTEE; Minutes note: Ald. Stamper moved to hold in committee for one cycle. (Prevailed 5-0)	Pass	5:0
6/7/2016	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECONSIDERED; Minutes note: Meeting recessed at 9:54 a.m. and reconvened at 9:56 a.m. during deliberation of CCFNs 160121 and 160122.	Pass	5:0
6/7/2016	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: File is to be scheduled before a Special Zoning, Neighborhoods and Development committee meeting on Tuesday, June 14, 2016 at 8:45 a.m.	Pass	5:0
6/1/2016	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/1/2016	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/24/2016	0	COMMON COUNCIL	ASSIGNED TO

Number
160122
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 3614 West North 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 3614 West North Avenue (the “Property”) through property tax foreclosure on June 2, 2014; and

Whereas, New Living Church Inc. (the “Buyer”) submitted an unsolicited Offer to Purchase the Property as summarized in a Land Disposition Report and a 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 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 from the Buyer 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 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, ...