Number
211507
Version
ORIGINAL
Reference
Sponsor
ALD. HAMILTON
Title
Resolution approving a Land Disposition Report and authorizing the sale of the City-owned property at 4843 North Hopkins Street to its former owner, in the 1st Aldermanic District.
Analysis
This resolution waives the City buyer policy in 304-49-9-e of the Milwaukee Code of Ordinances, that prohibits the sale of City real estate to a buyer whose property has been acquired by property tax foreclosure during the past five years, and authorizes the Department of City Development to sell the City-owned property at 4843 North Hopkins Street to its former owner.
Body
Whereas, The commercial property at 4843 North Hopkins Street, Tax Key 208-0595-100, (the “Property”) was acquired by the City of Milwaukee (“City”) from Ms. Roxie Thomas (“Former Owner”) through in rem property tax foreclosure in July of 2021; and
Whereas, The Former Owner desires to purchase the Property back from the City; and
Whereas, The General Buyer Policies in Milwaukee Code of Ordinances (“MCO”) Section 304-49-9 provide that, “unless otherwise authorized by a vote of the common council,” the City shall not convey a City-owned property to a “party who owned property in the city that, at any time within the past 5 years the city acquired by means of property-tax foreclosure;” and
Whereas, The Common Council of the City of Milwaukee (“Common Council”) desires to authorize the sale of the Property to the Former Owner; and
Whereas, The Former Owner owes the City $6,382.86 in back taxes, interest, penalty charges, and property management expenses; and
Whereas, The Former Owner would like to pay the debt owed to the City and acquire the property; and
Whereas, The Former Owner has provided proof of funds showing they have access to sufficient funds to pay the debt owed to the City; now, therefore, be it
Resolved, That the City by its Department of City Development (“DCD”) is authorized to accept an offer to purchase the...
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