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File #: 161634    Version:
Type: Resolution Status: Passed
File created: 3/1/2017 In control: COMMON COUNCIL
On agenda: Final action: 7/31/2017
Effective date:    
Title: Substitute resolution authorizing the sale of the City-owned vacant lots at 824 West Ring Street and 3257 North 9th Street to We Got This, Incorporated, for urban agriculture, in the 6th Aldermanic District.
Sponsors: ALD. COGGS
Indexes: PROPERTY SALES
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report and Due Diligence Checklist, 3. Hearing Notice List

Number

161634

Version

SUBSTITUTE 1

Reference

 

Sponsor

ALD. COGGS

Title

Substitute resolution authorizing the sale of the City-owned vacant lots at 824 West Ring Street and 3257 North 9th Street to We Got This, Incorporated, for urban agriculture, in the 6th Aldermanic District.

Analysis

This substitute resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Sections 304-49-4 and 304-49-8, Milwaukee Code of Ordinances.

Body

Whereas, We Got This, Incorporated, submitted an unsolicited offer to purchase 824 West Ring Street and 3257 North 9th Street to develop an urban garden as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and

 

Whereas, Sections 304-49-4 and 304-49-8 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“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 and has determined that the proposed price and redevelopment represents fair compensation to the City considering the contribution to the neighborhood; and

 

Whereas, The deed of conveyance to We Got This, Incorporated, will contain restrictions requiring that the properties be maintained as green space and not be sold for development without approval of the Common Council; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of DCD, or designee, is authorized to accept the unsolicited offer to purchase submitted by We Got This, Incorporated, for the City-owned vacant lots at 824 West Ring Street and 3257 North 9th Street for purchase and development as outlined in the Land Disposition Report; and, be it

 

Further Resolved, That the Commissioner of DCD, or designee, is authorized to close the transaction, release any deed restrictions that inhibit development and execute other legal documents on behalf of the City and to close the transaction according to the terms of the Land Disposition Report; and, be it

 

Further Resolved, That the sale proceeds be credited to the Delinquent Tax Fund.

Drafter

DCD:Yves.LaPierre:ysl

07/07/17