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File #: 191564    Version: 0
Type: Resolution Status: Passed
File created: 1/21/2020 In control: COMMON COUNCIL
On agenda: Final action: 2/11/2020
Effective date:    
Title: Resolution authorizing the sale of the City-owned tax deed property at 3530 West Lincoln Avenue to Dhawan Corporation for development, in the 8th Aldermanic District.
Sponsors: ALD. DONOVAN
Indexes: CITY PROPERTY, PROPERTY SALES
Attachments: 1. Land Disposition Report and Due Diligence Checklist, 2. Fiscal Impact Statement, 3. DCD PowerPoint, 4. Hearing Notice List
Number
191564

Version
ORIGINAL

Reference

Sponsor
ALD. DONOVAN

Title
Resolution authorizing the sale of the City-owned tax deed property at 3530 West Lincoln Avenue to Dhawan Corporation for development, in the 8th Aldermanic District.

Analysis
This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.

Body
Whereas, Dhawan Corporation desires to develop the vacant lot at 3530 West Lincoln Avenue for a small retail store and has submitted an unsolicited offer to purchase; and

Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the proposed price and development represent fair compensation to the City considering the offering price and investment in the neighborhood; and

Whereas, DCD recommends sale of the lot, with closing contingent on DCD approval of final site and building plans; and

Whereas, The lot will be sold in “as is” condition, without representations or warranties, including, but not limited to, soil quality and subsurface condition; and

Whereas, DCD submits herewith a Land Disposition Report, a copy of which is attached to this Common Council File, describing the terms and conditions of the proposed sale; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of DCD, or designee, is authorized to accept the unsolicited offer to purchase submitted by Dhawan Corporation, for the City-owned tax deed property at 3530 West Lincoln Avenue for purchase and development as outlined in the Land Disposition Report; and, be it

Further Resolved, That the Co...

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