City of Milwaukee - File #: 161616

• File #: 161616
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 3/1/2017
• In control: COMMON COUNCIL
• Final action: 3/28/2017
• 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

Date	Ver.	Action By	Action	Result	Tally
4/6/2017	0	MAYOR	SIGNED
3/28/2017	0	COMMON COUNCIL	ADOPTED	Pass	15:0
3/21/2017	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individual appearing: Karen Taylor, Department of City Development	Pass	5:0
3/15/2017	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/15/2017	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/1/2017	0	COMMON COUNCIL	ASSIGNED TO

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; 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

03/01/17/A