City of Milwaukee - File #: 171906

• File #: 171906
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 3/27/2018
• In control: COMMON COUNCIL
• Final action: 4/17/2018
• Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 1104 West Historic Mitchell Street, in the 12th Aldermanic District.
• Sponsors: ALD. PEREZ
• Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS

Date	Ver.	Action By	Action	Result	Tally
4/26/2018	0	MAYOR	SIGNED
4/17/2018	0	COMMON COUNCIL	ADOPTED	Pass	14:0
4/10/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Dwayne Edwards, Dept. of City Development Ryan Pattee Brandon Balistreri Ald. Jose Perez, 12th Aldermanic District	Pass	5:0
4/4/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/4/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/27/2018	0	COMMON COUNCIL	ASSIGNED TO

Number
171606
Version
ORIGINAL
Reference
151789
Sponsor
ALD. PEREZ
Title
Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 1104 West Historic Mitchell Street, in the 12th 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 1104 West Historic Mitchell Street (the “Property”) on July 13, 2015 through property tax foreclosure; and

Whereas, On April 15, 2016, the Common Council of the City of Milwaukee approved the sale of the Property via File No. 151789, but that sale did not close; and

Whereas, The Department of City Development (“DCD”) has continued to advertise the Property for sale on its website and through MLS; and

Whereas, DCD staff continued to accept offers until another acceptable offer was received and DCD now recommends sale of the Property to 1104 Historic Mitchell, LLC (“Buyer”), a limited liability company wholly-owned by Ryan Pattee, to acquire and redevelop 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 Land Disposition Report is approved and DCD is authorized to enter into a Purchase and Sale Agreement with the Buyer, or assignee, 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 sign the Purchase and Sale Agreement, deed and requisite closing documents and to close the transaction and take such actions, as may be needed, to effectuate the terms of the Land Disposition Report and this resolution; and...