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File #: 161179    Version: 0
Type: Resolution Status: Passed
File created: 12/13/2016 In control: COMMON COUNCIL
On agenda: Final action: 1/18/2017
Effective date:    
Title: Resolution accepting an unsolicited offer to purchase from Jose Alberto Cardenas-Navarrete for the property located at 1680 South Pearl Street for rental purposes, in the 12th Aldermanic District.
Sponsors: ALD. PEREZ
Indexes: PROPERTY SALES
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report, 3. Hearing Notice List

Number

161179

Version

ORIGINAL

Reference

 

Sponsor

ALD. PEREZ

Title

Resolution accepting an unsolicited offer to purchase from Jose Alberto Cardenas-Navarrete for the property located at 1680 South Pearl Street for rental purposes, in the 12th Aldermanic District.

Analysis

This resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-8, Milwaukee Code of Ordinances.

Body

Whereas, The City of Milwaukee (“City”) foreclosed on the property at 1680 South Pearl Street due to delinquent property taxes; and

 

Whereas, The Department of City Development (“DCD”) recommended that the property be marketed for sale; and

 

Whereas, Jose Alberto Cardenas-Navarrete has submitted an unsolicited offer to purchase the property to rehabilitate it for use as a rental property; and

 

Whereas, The former owner currently occupying the property is a relative of Mr. Cardenas-Navarrete; and

 

Whereas, Mr. Cardenas-Navarrete desires to keep the former owner from becoming displaced and will rehabilitate the property as summarized in a Land Disposition Report, a copy of which is 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, DCD has reviewed the offer and the rehabilitation proposal and has determined that the proposal represents fair compensation to the City in terms of investment in the neighborhood; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the unsolicited offer to purchase submitted by Jose Alberto Cardenas-Navarrete for the property at 1680 South Pearl Street is accepted; and, be it

 

Further Resolved, That the Commissioner of DCD, or designee, is authorized to close the transaction according to the terms of the Land Disposition Report; and, be it

 

Further Resolved, That the Commissioner of DCD, or designee, is authorized to execute an Offer to Purchase, deed and all needed closing documents, including any needed easements and/or releases of deed restrictions; and, be it

 

Further Resolved, That the net sale proceeds, less sale 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:Karen.Taylor:kt

12/13/16/A