Number
210719
Version
ORIGINAL
Reference
Sponsor
ALD. MURPHY and ALD. BORKOWSKI
Title
Resolution authorizing the sale of two City-owned properties to the Housing Authority of the City of Milwaukee for affordable housing, in the 10th and 11th Aldermanic Districts.
Analysis
This resolution will permit the City of Milwaukee to convey said properties according to the conditions in the Land Disposition Report.
Body
Whereas, The City of Milwaukee Common Council (“Common Council”) approved a forty-two (42) year lease term with the Housing Authority of the City of Milwaukee (“HACM”) for construction of a 2-unit public housing building at 301-07 South 70th Street and a 4-unit public housing building at 7201 West Oklahoma Avenue in 1971 (Resolution No. 69-2725-v); and
Whereas, HACM has provided affordable housing to residents in these two properties for approximately 50 years and would like to continue to utilize these two properties and carry out their mission of providing adequate and quality housing for Milwaukee residents; and
Whereas, HACM has submitted an unsolicited offer to purchase the duplex at 301-07 South 70th Street and the 4-unit building at 7201 West Oklahoma Avenue as summarized in a Land Disposition Report (“LDR”) a copy of which is attached to this Common Council File; and
Whereas, Section 304-49-7 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 HACM’s offer and has determined that the proposed price represents fair compensation to the City considering the investment in the improvements and the provision of affordable housing; now, therefore, be it
Whereas, Pursuant to Wisconsin Statutes and as a condition precedent to the sale, lease or transfer of land, the City submits herewith an LDR dated August 30, 2021, a copy of w...
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