City of Milwaukee - File #: 200383

• File #: 200383
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 7/7/2020
• In control: COMMON COUNCIL
• Final action: 7/28/2020
• Title: Resolution authorizing the sale of the City-owned vacant lots at 3341, 3345-3349 North Dr. Martin Luther King Jr. Drive and the Redevelopment Authority owned vacant lots at 3317-3329, 3333-3335 North Dr. Martin Luther King Jr. Drive and 456 West Concordia Avenue to MLKEDC/KG Development Group also dba FIVE POINTS MLKEDC LLC for a residential housing development, in the 6th Aldermanic District.
• Sponsors: ALD. COGGS
• Indexes: CITY PROPERTY, PROPERTY SALES, VACANT LOTS

Date	Ver.	Action By	Action	Result	Tally
8/5/2020	0	MAYOR	SIGNED
7/28/2020	0	COMMON COUNCIL	ADOPTED	Pass	15:0
7/21/2020	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Yves LaPierre - Dept. of City Development Nicole Robbins - Five Points Anthony Kazee - Five Points Carrie Sanders - Five Points	Pass	5:0
7/16/2020	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/16/2020	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/7/2020	0	COMMON COUNCIL	ASSIGNED TO

Number
200383

Version
ORIGINAL

Reference

Sponsor
ALD. Coggs

Title
Resolution authorizing the sale of the City-owned vacant lots at 3341, 3345-3349 North Dr. Martin Luther King Jr. Drive and the Redevelopment Authority owned vacant lots at 3317-3329, 3333-3335 North Dr. Martin Luther King Jr. Drive and 456 West Concordia Avenue to MLKEDC/KG Development Group also dba FIVE POINTS MLKEDC LLC for a residential housing development, in the 6th Aldermanic District.

Analysis
This resolution authorizes the sale of City-owned and Redevelopment Authority-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, MLKEDC/KG Development Group also dba FIVE POINTS MLKEDC LLC (“FIVE POINTS”) has proposed to assemble a Development Site for an affordable housing development, at the City-owned vacant lots at 3341, 3345-3349 North Dr. Martin Luther King Jr. Drive and the Redevelopment Authority of the City of Milwaukee (“RACM”) owned vacant lots at 3317-3329, 3333-3335 North Dr. Martin Luther King Jr. Drive and 456 West Concordia Avenue; and

Whereas, FIVE POINTS has submitted an unsolicited offer to purchase the proposed Development Site, as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; 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, RACM held a public hearing on July 16, 2020 and approved the sale of the RACM owned vacant lots; and

Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the proposed price and redevelopment represents fair compensation to the City considering the investment in the neighborhood and the provision of new hou...