Number
171017
Version
ORIGINAL
Reference
Sponsor
ALD. COGGS
Title
Resolution authorizing the sale of the City-owned tax deed properties at 3754 and 3764 North Port Washington Avenue to 5 Points Neighborhood Association, Inc. for garden space, in the 6th Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Sections 304-49-4 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, 5 Points Neighborhood Association, Inc. desires to develop the vacant lots at 3754 and 3764 North Port Washington Avenue for the creation of garden space and has submitted an unsolicited offer to purchase; and
Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the proposed price and development represent fair compensation to the City considering the offering price and investment in the neighborhood; and
Whereas, DCD recommends sale of these lots, with closing contingent on DCD approval of final site plans; and
Whereas, The lots will be sold in “as is” condition, without representations or warranties, including, but not limited to, soil quality and subsurface condition; and
Whereas, DCD submits herewith a Land Disposition Report and Due Diligence Checklist, a copy of which is attached to this Common Council File, describing the terms and conditions of the proposed sale; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of DCD, or designee, is authorized to accept the unsolicited offer to purchase submitted by 5 Points Neighborhood Association, Inc. for the City-owned tax deed properties at 3754 and 3764...
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