Number
191412
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. COGGS
Title
Substitute resolution authorizing acceptance of an unsolicited offer to purchase from Greyson Drake Brown for the City-owned tax deed property located at 3140-42 North Julia Street, in the 6th Aldermanic District.
Analysis
This proposed substitute resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-8 of the Milwaukee Code of Ordinances.
Body
Whereas, The property at 3140-42 North Julia Street (tax key 2822421100) (“Property”) was acquired by the City from Daphne Brown (“Former Owner”) through in rem property tax foreclosure in January of 2019; and
Whereas, Greyson Drake Brown (“Buyer”) is the Former Owner’s son, and desires to purchase the Property from the City; and
Whereas, The Buyer was unable to apply to vacate the judgment of foreclosure due to the expiration of the deadline; and
Whereas, The Department of City Development (“DCD”) recommended that the property be marketed for sale along with the adjacent vacant City-owned lot at 3134 North Julia Street; and
Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances (“MCO”) allows the City to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, The Common Council of the City of Milwaukee desires to authorize the sale of the Property to the Buyer; and
Whereas, The file sponsor recommends accepting the Buyer’s purchase price offer of $6,000.00 which represents the taxes due at the time of foreclosure and departmental expenses; now, therefore, be it
Resolved, That DCD is authorized to accept an unsolicited offer to purchase the Property from the Buyer, provided that the Buyer meets the following conditions:
1) The offer price equals the sponsor of the file’s recommendation, which is $6,000.00.
2) The Buyer provides documented evidence of f...
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