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File #: 200382    Version: 0
Type: Resolution Status: In Committee
File created: 7/7/2020 In control: COMMON COUNCIL
On agenda: Final action: 7/28/2020
Effective date:    
Title: Resolution approving a Land Disposition Report and Due Diligence Checklist and authorizing the sale of the City-owned tax deed property at 1722 West Lloyd Street and authorizing acquisition and then sale of 1726 West Lloyd Street, in the 15th Aldermanic District.
Sponsors: ALD. STAMPER
Attachments: 1. Land Disposition Report and Due Diligence Checklist, 2. Fiscal Impact Statement, 3. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
7/28/20200 COMMON COUNCIL REFERRED TOPass15:0 Action details Meeting details Not available
7/21/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Matt Haessly - Dept. of City Development Larry Adams Sharon Adams Ald. Russell Stamper - 15th Ald. Dist.
Pass5:0 Action details Meeting details Video Video
7/16/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
7/16/20200 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
7/7/20200 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
200382

Version
ORIGINAL

Reference

Sponsor
ALD. STAMPER

Title
Resolution approving a Land Disposition Report and Due Diligence Checklist and authorizing the sale of the City-owned tax deed property at 1722 West Lloyd Street and authorizing acquisition and then sale of 1726 West Lloyd Street, in the 15th Aldermanic District.

Analysis
This resolution authorizes the sale of City-owned Development Property at 1722 West Lloyd Street according to the conditions in a Land Disposition Report pursuant to Sections 304-49-5 and 304-49-8, Milwaukee Code of Ordinances and also authorizes the City of Milwaukee to acquire by property tax foreclosure the property at 1726 West Lloyd Street and the City to accept an unsolicited offer from Adams Garden Park LLC to purchase from the City the 1722 Parcel and the 1726 Parcel after acquisition, and further approves the Land Disposition Report and Due Diligence Checklist for the transactions.

Body
Whereas, The City of Milwaukee (“City”) acquired 1722 West Lloyd Street (the “City Parcel”) in November 2002 through property tax foreclosure and 1726 West Lloyd Street (the “DNA Parcel”) is in the City’s 2020 No. 2 property tax foreclosure file; and

Whereas, Adams Garden Park LLC (“AGP”), or assignee, as buyer, has submitted to the Department of City Development (“DCD”) an unsolicited offer to purchase the City Parcel and, if the City is able to successfully tax foreclose against the DNA Parcel; and

Whereas, AGP wishes to acquire the City Parcel to renovate it and if the City can acquire the DNA Parcel, AGP also wants to acquire that parcel to renovate it; and

Whereas, AGP’s renovations will include improving the City Parcel and the DNA Parcel for use as an urban garden center providing commercial and retail plants and plant supplies, all as summarized in the Land Disposition Report (“LDR”) and Due Diligence Checklist (“DDC”) that have been made a part of this Common Council File; and

Whereas, DCD determined that th...

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