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File #: R13256    Version: 0
Type: Housing Authority Resolution Status: Passed
File created: 8/16/2021 In control: HOUSING AUTHORITY
On agenda: 9/15/2021 Final action: 9/15/2021
Effective date:    
Title: Resolution approving the purchase by HACM of the land located at 301 South 70th Street from the City of Milwaukee for $1.00
Sponsors: THE CHAIR
Attachments: 1. HACM-City Lease of 307 (301) S 70th St, 2. Jeanne Dawson Memo re Purchase of 301 S 70th St

Number

R13256

 

Version

Original

 

Reference

 

Sponsor

The Chair

 

Title

Resolution approving the purchase by HACM of the land located at 301 South 70th Street from the City of Milwaukee for $1.00

 

Analysis

 

Body

WHEREAS, the Housing Authority of the City of Milwaukee (HACM) owns and manages more than 4,000 units of low-rent public housing under the terms of an Annual Contributions Contract with the U. S. Department of Housing and Urban Development (HUD); and

 

WHEREAS, HACM developed the land at 301 S.70th St. by constructing a 2-family public housing building in 1973; and

 

WHERAS, HACM has since been leasing the land at 301 S.70th St. for the public housing units from the City of Milwaukee; and

 

WHERAS, the purchase of the land at 301 S.70th St. for $1.00 would accord full ownership rights to HACM to freely use and possess the land; and

 

WHEREAS, staff is recommending that the request to submit the offer for the purchase of the land located at 301 S. 70th St. in the amount of $1.00 be accepted; and

 

WHEREAS, the purchase of the above described property is consistent with HACM’s mission to provide affordable public housing; now, therefore, be it

 

RESOLVED, by the Housing Authority of the City of Milwaukee that the request for the submission of the offer in the amount of $1.00 for the purchase of the land at 301 S. 70th St. is hereby accepted; and, be it

 

FURTHER RESOLVED, that the Acting Secretary-Executive Director is hereby authorized to take the necessary action to complete the submission of the offer to purchase.

 

 

Requestor

 

Drafter

Home Ownership August 16, 2021