Number
R_12867
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving an offer from Kevin and Sharon Zagrodnik to purchase the three bedroom single family tax foreclosed home located at 2424 West Bridge Street for $150,000
Analysis
Body
WHEREAS, The Housing Authority of the City of Milwaukee owns and manages approximately 3,560 units of low-rent public housing under the terms of an Annual Contributions Contract with the U.S. Department of Housing and Urban Development (HUD); and
WHEREAS, the Housing Authority of the City of Milwaukee (HACM) promotes self-sufficiency and homeownership opportunities; and
WHEREAS, the property at 2424 W. Bridge St. is a 3 bedroom single-family home located in the 13th Aldermanic District. This was a City of Milwaukee foreclosed property that was rehabbed under the Market Rate Program.
WHEREAS, the Secretary-Executive Director recommends that the offer from Kevin and Sharon Zagrodnik to purchase 2424 W. Bridge St. in the amount of $150,000 be accepted; and
RESOLVED, by the Housing Authority of the City of Milwaukee that the offer from Kevin and Sharon Zagrodnik, to purchase 2424 W. Bridge St. in the amount of $150,000 is hereby accepted; and, be it
FURTHER RESOLVED, that the Secretary-Executive Director is hereby authorized to take whatever action is necessary to complete the sale of this property.
Requestor
Drafter
Quality Assurance 4/25/17