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File #: 171901    Version: 0
Type: Resolution Status: Passed
File created: 3/27/2018 In control: COMMON COUNCIL
On agenda: Final action: 4/17/2018
Effective date:    
Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 6369 North 46th Street, in the 9th Aldermanic District.
Sponsors: ALD. LEWIS
Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report, 3. Due Diligence Checklist, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
4/26/20180 MAYOR SIGNED   Action details Meeting details Not available
4/17/20180 COMMON COUNCIL ADOPTEDPass14:0 Action details Meeting details Video Video
4/10/20180 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Dwayne Edwards, Dept. of City Development Justin Jenkins, Above and Beyond Transportation LLC Melvin Weakley, II, Above and Beyond Transportation LLC
Pass5:0 Action details Meeting details Video Video
4/4/20180 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/4/20180 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
3/27/20180 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

171901

Version

ORIGINAL

Reference

 

Sponsor

ALD. LEWIS

Title

Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 6369 North 46th Street, in the 9th 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 6369 North 46th Street (the “Property”) on June 2, 2014 through property tax foreclosure; and

 

Whereas, Above and Beyond Transportation LLC, managed by Justin Jenkins (the “Buyer”) has submitted an unsolicited Offer to Purchase the Property; and

 

Whereas, The Buyer desires to renovate and landscape the Property as summarized in a Land Disposition Report and a Due Diligence Checklist, copies of which are attached to this Common Council File; and

 

Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances allows the 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 from the Buyer and has determined that the offer and proposal represent fair compensation to the City in terms of the purchase price and investment in the neighborhood; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the offer submitted by Above and Beyond Transportation LLC, or assignee, for the Property is accepted; and, be it

 

Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign a Purchase and Sale Agreement, deed and requisite closing documents and to close the transaction and to 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

03/27/18/D