City of Milwaukee - File #: 171626

• File #: 171626
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 2/6/2018
• In control: COMMON COUNCIL
• Final action: 2/27/2018
• Title: Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 3514 North Port Washington Avenue, in the 6th Aldermanic District.
• Sponsors: ALD. COGGS
• Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS

Date	Ver.	Action By	Action	Result	Tally
3/8/2018	1	MAYOR	SIGNED
2/27/2018	1	COMMON COUNCIL	ADOPTED	Pass	15:0
2/21/2018	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Matt Haessly, Dept. of City Development Fatima Laster Rhonda Manuel, Dept. of City Development Deshea Agee, Historic King Drive Business Improvement District	Pass	5:0
2/15/2018	1	CITY CLERK	DRAFT SUBMITTED
2/14/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
2/14/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
2/14/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
2/6/2018	0	COMMON COUNCIL	ASSIGNED TO

Number
171626
Version
SUBSTITUTE 1
Reference
170332
Sponsor
ALD. COGGS
Title
Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 3514 North Port Washington Avenue, in the 6th Aldermanic District.
Analysis
This substitute 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, and the extension of a City Art and Resource Community Hub (ARCH) Loan to the Buyer.
Body
Whereas, The City of Milwaukee (“City”) acquired 3514 North Port Washington Avenue (the “Property”) on January 4, 2016 through property tax foreclosure; and

Whereas, Fatima Laster (the “Buyer”) submitted a proposal to purchase the Property to restore it as a mixed-use building that includes an art gallery with flex work and event space for artists on the first floor and two apartments on the second floor, 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 the appropriate City officials are authorized to negotiate and enter into an Offer to Purchase with the Buyer, or assignee, for the Property in substantial compliance with the Land Disposition Report and to extend an Art and Resource Community Hub (ARCH) Loan to the Buyer in the amount of $25,000, subject to the terms and conditions of the ARCH Loan Program approved by the Common Council in File No. 170332; and, be it

Further Resolved, That the Commissioner of the Department of City Development, or designee, and the appropriate City officials are authorized to sign the Offer to Purchase, an ARCH Loan Agreement, a deed and requisite closing documents and to close the transaction and to take such actions, as may be needed, to e...