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File #: 170168    Version: 0
Type: Resolution Status: Passed
File created: 5/9/2017 In control: COMMON COUNCIL
On agenda: Final action: 5/31/2017
Effective date:    
Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 5725 West Burleigh Street, in the 10th Aldermanic District.
Sponsors: ALD. MURPHY
Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS, PROPERTY SALES
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report, 3. Due Diligence Checklist, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
6/9/20170 MAYOR SIGNED   Action details Meeting details Not available
5/31/20170 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Not available
5/23/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Dwayne Edwards, Department of City Development Ald. Michael Murphy, 10th Aldermanic District Johnathan Smith, Ammon Corp. Willie Smith, broker
Pass3:0 Action details Meeting details Video Video
5/17/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/17/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/9/20170 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

170168

Version

ORIGINAL

Reference

 

Sponsor

ALD. MURPHY

Title

Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 5725 West Burleigh Street, in the 10th Aldermanic District.

Analysis

This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Sections 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.

Body

Whereas, The City of Milwaukee (“City”) acquired 5725 West Burleigh Street (the “Property”) through property tax foreclosure on January 5, 2015; and

 

Whereas, The Department of City Development (“DCD”) advertised the Property for sale on its website and through MLS; and

 

Whereas, DCD received four proposals and recommends acceptance of the proposal from Ammon Corp. (“Buyer”) to acquire and redevelop the Property as summarized in a Land Disposition Report and a Due Diligence Checklist, copies of which are attached to this Common Council File; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report is approved and that DCD is authorized to enter into a Purchase and Sale Agreement with the Buyer, materially consistent with the Land Disposition Report, and then convey the Property to the Buyer in accordance therewith; and, be it

 

Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign the Purchase and Sale Agreement, deed and requisite closing documents and to close the transaction and take such actions, as may be needed, to effectuate the terms of the Land Disposition Report and this resolution; and, be it

 

Further Resolved, That the sale proceeds, less sale and marketing 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:Dwayne.Edwards:dke

05/09/17/A

 

Clerical Correction 05/18/17 Chris Lee