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File #: 181409    Version:
Type: Resolution Status: Passed
File created: 12/18/2018 In control: COMMON COUNCIL
On agenda: Final action: 1/14/2019
Effective date:    
Title: Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 2451-57 West North Avenue, in the 15th Aldermanic District.
Sponsors: ALD. STAMPER
Indexes: PROPERTY SALES, REDEVELOPMENT
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report, 3. Due Diligence Checklist, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
1/25/20191 MAYOR SIGNED   Action details Meeting details Not available
1/14/20191 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Video Video
1/8/20191 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Matt Haessly, Dept. of City Development Ezzard White, EWS Electric & Industrial Trucking & Traffic Control LLC
Pass5:0 Action details Meeting details Video Video
1/3/20191 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/3/20191 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/3/20191 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
12/18/20180 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

181409

Version

SUBSTITUTE 1

Reference

 

Sponsor

ALD. STAMPER

Title

Substitute resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 2451-57 West North Avenue, 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 Sections 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.

Body

Whereas, The City of Milwaukee (“City”) acquired 2451-57 West North Avenue (the “Property”) on July 14, 2014 through property tax foreclosure; and

 

Whereas, EWS Electric & Industrial Trucking & Traffic Control LLC (the “Buyer”) has submitted an unsolicited offer to purchase and renovate the Property for a mixed-use development 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, be it

 

Further Resolved, That the Commissioner of the Department of City Development, or designee, and appropriate City officials are authorized to sign the Offer to Purchase, a 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:Matt.Haessly:mfh

01/02/19