IMMEDIATE ADOPTION
Number
211309
Version
ORIGINAL
Reference
Sponsor
ALD. BORKOWSKI
Title
Resolution authorizing acceptance of an unsolicited offer to purchase from Phillip Krawczyk for the City-owned tax deed property located at 3569 South 92nd Street, in the 11th Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned Neighborhood Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-8 of the Milwaukee Code of Ordinances.
Body
Whereas, The property at 3569 South 92nd Street (tax key 561-9995-110) (“Property”) was acquired by the City of Milwaukee (“City”) from Phillip Krawczyk (“Former Owner”) through in rem property tax foreclosure on November 26, 2019; and
Whereas, Phillip Krawczyk (“Buyer”) is the Former Owner, and desires to purchase the Property from the City; and
Whereas, The Buyer was unable to apply to vacate the judgment of foreclosure due to the expiration of the deadline; and
Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances (“MCO”) allows the City to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and
Whereas, The Common Council of the City of Milwaukee (“Common Council”) desires to authorize the sale of the Property to the Buyer; and
Whereas, The file sponsor recommends accepting the Buyer’s purchase price offer of $8,412.33 which represents the taxes due at the time of foreclosure and departmental expenses; now, therefore, be it
Resolved, That the Department of City Development (“DCD”) is authorized to accept an unsolicited offer to purchase the Property from the Buyer, provided that the Buyer meets the following conditions:
1) The offer price equals the sponsor of the file’s recommendation, which is $32,692.81.
2) The Buyer provides documented evidence of financial ability to pay the full sales price at closing, and understands that the evidence will be verified by DCD.
3) The Buyer pass...
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