Number
170201
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. PEREZ
Title
Substitute resolution approving City acquisition by property tax foreclosure of 1313 and 1329-1331 West National Avenue under Milwaukee Code of Ordinances Section 308-22, in the 12th Aldermanic District.
Analysis
This substitute resolution authorizes possible acquisition by the City of 1313 and 1329-1331 West National Avenue notwithstanding that Phase II environmental testing results indicate a release above regulatory guidelines and recommend that further testing be conducted. Approval of this File requires three-quarters vote of the Common Council.
Body
Whereas, Esperanza Unida, Inc. (“EU”) owns 1313 and 1329-1331 West National Avenue (the “Subject Parcels”); and
Whereas, The Subject Parcels are, respectively, Parcel 184 and Parcel 183 in the City of Milwaukee’s (“City”) 2017 No. 2 In Rem Tax Foreclosure File, Case No. 2017-CV-002457, and in that action, the deadline for redemption is June 7, 2017, the deadline to file answers is July 7, 2017 and the expected date for the City to obtain judgment of tax foreclosure and title is July 10, 2017; and
Whereas, The Department of City Development (“DCD”) issued a Request for Proposals (“RFP”) for a Wisconsin Statutes Section 75.106 developer to acquire the Subject Parcels by taking assignment from the City of the City’s right to tax foreclosure judgment and multiple parties responded to the RFP; and
Whereas, DCD is now evaluating the RFP responses; and
Whereas, If the responses merit DCD recommending to the Common Council approval of a contract under Wisconsin Statutes Section 75.106 with a developer/RFP respondent, a Common Council File will be introduced for such and if approved by the Common Council, then the Common Council’s approval of this resolution for the City to acquire the Subject Parcels will be moot; and
Whereas, If no RFP respondent is put forward by DCD after DCD review of the responses and after DCD due diligence reg...
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