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File #: 181916    Version: 0
Type: Resolution Status: Passed
File created: 3/26/2019 In control: COMMON COUNCIL
On agenda: Final action: 4/16/2019
Effective date:    
Title: Resolution authorizing acquisition and then sale of 629 South 89th Street, in the 10th Aldermanic District.
Sponsors: ALD. MURPHY
Attachments: 1. Fiscal Impact Statement, 2. Land Disposition Report, 3. Due Diligence Checklist, 4. Hearing Notice List
Number
181916
Version
ORIGINAL
Reference

Sponsor
ALD. MURPHY
Title
Resolution authorizing acquisition and then sale of 629 South 89th Street, in the 10th Aldermanic District.
Analysis
This resolution authorizes the City to acquire 629 South 89th Street by property tax foreclosure; it authorizes the City to accept a contingent, unsolicited offer from Abraham Holdings LLC to purchase the property from the City after acquisition; and it approves the Land Disposition Report regarding the transaction.

Adoption of this resolution requires a 3/4 vote of the Common Council per the Milwaukee Code of Ordinances Section 308-22-2-c.
Body
Whereas, The property at 629 South 89th Street (the “Kalkounos Property”) is in the City of Milwaukee’s (“City”) 2019 No. 1 property tax foreclosure file, Circuit Court Case No. 19-CV-0002034; and

Whereas, The Department of City Development (“DCD”) conducted a historic check of the Kalkounos Property that identified underground storage tanks and uses that typically handle, use, store, generate and/or dispose of hazardous wastes and/or materials; and

Whereas, DCD received an unsolicited offer to purchase the Kalkounos Property from Abraham Holdings LLC (“AHLLC”), or assigns, because on the Kalkounos Property is a tax-delinquent, vacant building that is in poor condition and is a blighting influence on the neighborhood; and

Whereas, AHLLC owns the adjoining property at 615 South 89th Street (the “Warehouse-Lighting Property”) that it uses for its industrial, commercial and residential lighting warehouse business; and

Whereas, AHLLC wishes to acquire the Kalkounos Property so that it may demolish approximately 18,000 square feet of the blighted building and then improve that area with landscaping and a new parking lot, and it intends to renovate the remaining 8,000 square feet of the blighted building for office space for its business; and

Whereas, DCD prepared a Land Disposition Report and a Due Diligence Checklist, copies of...

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