Number
200134
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. ZAMARRIPA
Title
Substitute resolution authorizing acceptance of an unsolicited offer to purchase from Kathleen A. Sartorius for the City-owned tax deed property located at 2512 South 34th Street, in the 8th Aldermanic District.
Analysis
This 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 2512 South 34th Street (tax key 511-0109-00-4) (“Property”) was acquired by the City of Milwaukee (“City”) from Kathleen A. Sartorius (“Former Owner”) through in rem property tax foreclosure on September 23, 2019; and
Whereas, Kathleen A. Sartorius (“Buyer”) is the Former Owner, 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, 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 (“Common Council”) 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 $10,124.37 which represents the taxes due at the time of foreclosure and departmental expenses; now, therefore, be it
Resolved, That the Department of City Development (“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 $10,124.37.
2) The Buyer provides documented evidence of financial ability to pay the full sales price at closing, and understands that the evidence will be verified b...
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