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File #: 161616    Version: 0
Type: Resolution Status: Passed
File created: 3/1/2017 In control: COMMON COUNCIL
On agenda: Final action: 3/28/2017
Effective date:    
Title: Resolution accepting an unsolicited offer to purchase from Main West Condominium Association for the condominium unit located at 9980 West Fond du Lac Avenue, Unit 22, for resale to an owner-occupant, in the 5th Aldermanic District.
Sponsors: ALD. BOHL
Indexes: CITY PROPERTY, PROPERTY SALES
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report, 3. Hearing Notice List
Number
161616
Version
ORIGINAL
Reference

Sponsor
ALD. BOHL
Title
Resolution accepting an unsolicited offer to purchase from Main West Condominium Association for the condominium unit located at 9980 West Fond du Lac Avenue, Unit 22, for resale to an owner-occupant, in the 5th 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 9980 West Fond du Lac Avenue, Unit 22, due to delinquent property taxes; and

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

Whereas, Lars Anderson, the sole member of Main West Condominium Association, has submitted an unsolicited offer to purchase the property to rehabilitate it for resale to an owner-occupant; 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 Main West Condominium Association for the property at 9980 West Fond du Lac Avenue, Unit 22, 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;...

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