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File #: 170195    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 the Land Disposition Report and authorizing the sale of the City-owned property at 3880 North 18th Street, in the 6th Aldermanic District.
Sponsors: ALD. COGGS
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 Qaiyim El-Amin, QEWM LLC Brandon Methu, QEWM LLC
Pass4:0 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
5/8/20170 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

170195

Version

ORIGINAL

Reference

 

Sponsor

ALD. COGGS

Title

Resolution approving the Land Disposition Report and authorizing the sale of the City-owned property at 3880 North 18th Street, in the 6th 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 3880 North 18th Street (“Property”) on July 9, 2012 through property tax foreclosure; and

 

Whereas, The Department of City Development (“DCD”) advertised the Property for sale and received an offer to purchase from QEWM, LLC (“Buyer”) for renovation of 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 proposal submitted by QEWM, LLC for the City-owned Development Property at 3880 North 18th Street is accepted; and, be it

 

Further Resolved, That the Land Disposition Report is approved and 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 execute all closing documents, including the deed, needed easements and releases of deed restrictions to facilitate the project; 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/C