City of Milwaukee - File #: 180100

• File #: 180100
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 4/17/2018
• In control: COMMON COUNCIL
• Final action: 5/8/2018
• Title: Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 3720-24 West Vliet Street, in the 15th Aldermanic District.
• Sponsors: ALD. STAMPER
• Indexes: FORECLOSURES, LAND DISPOSITION REPORTS, PROPERTY TAXES

Date	Ver.	Action By	Action	Result	Tally
5/17/2018	1	MAYOR	SIGNED
5/8/2018	1	COMMON COUNCIL	ADOPTED	Pass	13:0
5/1/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	SUBSTITUTED; Minutes note: Individuals appearing: Dwayne Edwards, Dept. of City Development Maria Arias Reyes Jonas Diaz Felipe Diaz Ald. Stamper moved substitution of the file with Proposed Substitute A. (Prevailed 5-0)	Pass	5:0
5/1/2018	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
4/25/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/25/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/25/2018	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/17/2018	0	COMMON COUNCIL	ASSIGNED TO

Number

180100

Version

SUBSTITUTE 1

Reference

170047

Sponsor

ALD. STAMPER

Title

Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 3720-24 West Vliet Street, in the 15th 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 Section 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.

Body

Whereas, The City of Milwaukee (“City”) acquired 3720-24 West Vliet Street (the “Property”) through property tax foreclosure on July 13, 2015; and

Whereas, On June 20, 2017, the Common Council of the City of Milwaukee approved the sale of the Property via File No. 170047, 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 has continued to accept offers until another acceptable offer was received and DCD recommends sale to Maria V. Arias Reyes (“Buyer”), or assignee, 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 that 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 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

04/25/18