Number
081182
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing and approving conveyance of Milwaukee Public School land at 500 East Center Street, Milwaukee, Wisconsin (“Centro Del Nino”) to Urbanworks, LLC, in the 3rd aldermanic district.
Analysis
This Resolution authorizes the City, on behalf of the Milwaukee Board of School Directors, the school district organized under Chapter 119 of the Wisconsin Statutes (“MPS”) to convey real property formerly used for school purposes and located at 500 East Center Street, Milwaukee, Wisconsin (“Centro Del Nino”) to Urbanworks, LLC.
Body
Whereas, Milwaukee Public School (MPS), The Boerke Company, Inc., Quarles & Brady, LLP and Central City Valuation Services have entered into an agreement dated January 12, 2007 providing for the marketing development and conveyance of real property declared surplus by MPS; and
Whereas, MPS has declared the real property located at 500 East Center Street, Milwaukee, Wisconsin (“Property”) to be surplus and undertaken marketing efforts resulting in the proposed conveyance of the Property to Urbanworks, LLC upon terms and conditions set forth in the Term Sheet (“Term Sheet”) associated with this Common council file; and
Whereas, Legal title to MPS real property is held in the name of the City of Milwaukee, in trust for MPS; and
Whereas, The conveyance of surplus MPS property requires adoption of a resolution by the Common Council authorizing and approving such conveyance; and
Whereas, The Common Council desires to approve the conveyance of the Property upon the terms outlined in the Term Sheet; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the conveyance of the surplus MPS real property located at 500 East Center Street, Milwaukee, Wisconsin (“Centro Del Nino”) to Urbanworks, LLC, upon the terms and conditions outlined in the Term Sheet, is hereby approved and the proper City officers are hereby authorized and di...
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