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File #: 190739    Version: 0
Type: Resolution-Immediate Adoption Status: Passed
File created: 9/4/2019 In control: COMMON COUNCIL
On agenda: Final action: 9/4/2019
Effective date:    
Title: Resolution authorizing acceptance of an unsolicited offer to purchase from Ezekiel Community Development Corporation for the City-owned tax deed property located at 2927-2929 North 26th Street, in the 7th Aldermanic District.
Sponsors: ALD. RAINEY
Indexes: CITY PROPERTY, PROPERTY SALES
Attachments: 1. Land Disposition Report, 2. Fiscal Impact Statement
IMMEDIATE ADOPTION
Number
190739

Version
ORIGINAL

Reference

Sponsor
ALD. RAINEY

Title
Resolution authorizing acceptance of an unsolicited offer to purchase from Ezekiel Community Development Corporation for the City-owned tax deed property located at 2927-2929 North 26th Street, in the 7th Aldermanic District.

Analysis
This resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-4.5 and 304-49-8 of the Milwaukee Code of Ordinances.

Body
Whereas, The Department of City Development ("DCD") identified City-owned tax deed property at 2927-2929 North 26th Street (“The Property”) as a potential raze candidate; and

Whereas, Ezekiel Community Development Corporation (“Buyer”) has submitted an unsolicited offer to purchase The Property and rehabilitate it as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and

Whereas, Section 304-49-4.5 of the Milwaukee Code of Ordinances (“MCO”) allows the City of Milwaukee ("City") to accept unsolicited offers with the approval of the Common Council; and

Whereas, Section 304-49-8 of the MCO allows the City to sell properties when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, DCD has reviewed the Buyer’s offer and has determined that the offer represents fair compensation to the City in terms of investment in the neighborhood; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the offer submitted by Ezekiel Community Development Corporation for the property at 2927-2929 North 26th Street is accepted; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to close the transaction according to the terms of the Land Disposition Report; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to execute an Offer to Purchase, deed and all needed c...

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