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File #: 200135    Version:
Type: Resolution Status: Passed
File created: 5/27/2020 In control: COMMON COUNCIL
On agenda: Final action: 7/7/2020
Effective date:    
Title: Substitute resolution authorizing acceptance of an unsolicited offer to purchase from Eduardo Viayra Navarro for the City-owned tax deed property located at 1125A South 25th Street, in the 8th Aldermanic District.
Sponsors: ALD. ZAMARRIPA
Attachments: 1. Land Disposition Report and Due Diligence Checklist, 2. Fiscal Impact Statement, 3. Hearing Notice List
Number
200135
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. ZAMARRIPA
Title
Substitute resolution authorizing acceptance of an unsolicited offer to purchase from Eduardo Viayra Navarro for the City-owned tax deed property located at 1125A South 25th 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 City of Milwaukee (“City”) acquired the tax deed property at 1125A South 25th Street (the “Property”) on June 7, 2017; and

Whereas, Eduardo Viayra Navarro (“Buyer”) has submitted an unsolicited offer to purchase the Property and rehabilitate it and be an owner-occupant, 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 to accept unsolicited offers with the approval of the Common Council of the City of Milwaukee; 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, The Department of City Development (“DCD”) has reviewed the Buyer’s offer and has determined that the offer represents fair compensation to the City in terms of community investment in the neighborhood; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the offer submitted by Eduardo Viayra Navarro for the property at 1125A South 25th 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 closing documents, including any need...

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