City of Milwaukee - File #: 210068

• File #: 210068
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 5/4/2021
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 7/27/2021
• Title: Resolution authorizing the sale of a City-owned vacant lot at 3220 West Pierce Street, to MRC Enterprises, LLC, or assignee, for business expansion, in the 8th Aldermanic District.
• Sponsors: ALD. ZAMARRIPA
• Indexes: CITY PROPERTY, PROPERTY SALES, VACANT LOTS

Date	Ver.	Action By	Action	Result	Tally
8/5/2021	0	MAYOR	SIGNED
7/27/2021	0	COMMON COUNCIL	ADOPTED	Pass	15:0
7/20/2021	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Sam Leichtling, Dept. of City Development Yves LaPierre, Dept. of City Development	Pass	5:0
5/4/2021	0	COMMON COUNCIL	ASSIGNED TO

Number
210068
Version
ORIGINAL
Reference

Sponsor
ALD. ZAMARRIPA
Title
Resolution authorizing the sale of a City-owned vacant lot at 3220 West Pierce Street, to MRC Enterprises, LLC, or assignee, for business expansion, in the 8th Aldermanic District.
Analysis
This resolution authorizes the sale of Neighborhood Properties according to the conditions in a Land Disposition Report pursuant to Section 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, MRC Enterprises, LLC (“Buyer”) has submitted an unsolicited Offer to Purchase a City-owned vacant lot in the Silver City neighborhood for the expansion of its adjacent business as summarized in a Land Disposition Report and Due Diligence Checklist, 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, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and recommends sale of the lot to the Buyer contingent on DCD approval of final site and building plans that conform to preliminary designs approved by DCD and evidence of firm financing; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that DCD is authorized to accept the unsolicited Offer to Purchase submitted by the Buyer for the City lot at 3220 West Pierce Street as summarized in the Land Disposition Report; and, be it

Further Resolved, That the Commissioner of DCD, or designee, is authorized to enter into a Development Agreement with the Buyer to outline development and conveyance obligations, execute legal documents on behalf of the City, including a release of deed restrictions, and to close the transaction according to the Development Agreement; and, be it

Further Resolved, That the sale proceeds, less sale expenses, shall be cred...