City of Milwaukee - File #: 191562

• File #: 191562
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 1/21/2020
• In control: COMMON COUNCIL
• Final action: 2/11/2020
• Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 1697 North Marshall Street, in the 3rd Aldermanic District.
• Sponsors: ALD. KOVAC
• Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
2/19/2020	0	MAYOR	SIGNED
2/11/2020	0	COMMON COUNCIL	ADOPTED	Pass	15:0
2/4/2020	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Yves LaPierre, Dept. of City Development Joseph Stanton, Beach House LLC Ald. Nik Kovac, 3rd Ald. District Amy Turim, Dept. of City Development	Pass	4:0
1/30/2020	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
1/30/2020	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
1/21/2020	0	COMMON COUNCIL	ASSIGNED TO

Number

191562

Version

ORIGINAL

Reference

Sponsor

ALD. KOVAC

Title

Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 1697 North Marshall Street, in the 3rd Aldermanic District.

Analysis

This 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 1697 North Marshall Street (the “Property”) on August 13, 2013 through property tax foreclosure; and

Whereas, The Department of City Development (“DCD”) has had an open request for proposals since the summer of 2017; and

Whereas, DCD staff received and reviewed the proposal received from Beachhouse, LLC (“Buyer”) to acquire and redevelop the Property as summarized in a Land Disposition Report and Due Diligence Checklist, a copy of which is attached to this Common Council File; and

Whereas, Project approval is contingent on the City of Milwaukee Historic Preservation Commission approving the development proposal on February 10, 2020; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Land Disposition Report is approved and DCD is authorized to enter into a Purchase and Sale Agreement with the Buyer, 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, historic preservation easement, 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:Yves.LaPierre:ysl

01/21/20/A