City of Milwaukee - File #: 211738

• File #: 211738
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 3/1/2022
• In control: COMMON COUNCIL
• Final action: 3/22/2022
• Title: Substitute resolution authorizing the sale of the City-owned tax deed property at 1937-39 North Dr. Martin Luther King Jr. Drive, in the 6th Aldermanic District.
• Sponsors: ALD. COGGS
• Indexes: CITY PROPERTY, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
3/29/2022	1	MAYOR	SIGNED
3/22/2022	1	COMMON COUNCIL	ADOPTED	Pass	14:0
3/15/2022	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Amy Turim, Dept. of City Development Cetonia Weston-Roy, Niche Book Bar	Pass	5:0
3/8/2022	1	CITY CLERK	DRAFT SUBMITTED
3/1/2022	0	COMMON COUNCIL	ASSIGNED TO

Number
211738
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. COGGS
Title
Substitute resolution authorizing the sale of the City-owned tax deed property at 1937-39 North Dr. Martin Luther King Jr. Drive, in the 6th Aldermanic District.
Analysis
This substitute resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee (“City”) acquired 1937-39 North Dr. Martin Luther King Jr. Drive (the “Property”), through property tax foreclosure in November, 2019; and

Whereas, The Department of City Development (“DCD”) advertised the Property with a Request for Proposal (“RFP”) on its website and through MLS; and

Whereas, DCD received 13 offers before the RFP due date and time; and

Whereas, DCD assembled a review team to evaluate offers and recommended the six highest scoring development submittals to the Bronzeville Advisory Committee (“BAC”); and

Whereas, The BAC invited the six highest scoring development teams to present their development concepts and answer questions before the BAC and the BAC scored each presentation in accordance with the BAC rubric; and

Whereas, The BAC scored Niche Book Bar, LLC the highest and DCD staff concurred with the BAC’s recommendation; and

Whereas, Niche Book Bar, LLC will bring a retail amenity consistent with the vision for the Bronzeville area to North Dr. Martin Luther King Jr. Drive; and

Whereas, Niche Book Bar, LLC has created a real estate holding entity for this project named Serendipity and Oak Realty LLC; and

Whereas, DCD recommends sale to Serendipity and Oak Realty LLC (the “Buyer”), or assignee, to acquire and redevelop the Property as summarized in a Land Disposition Report (“LDR”) and a Due Diligence Checklist (“DDC”), copies of which are attached to this Common Council File; now, therefore, be it

Resolved, By the Common Council of the City ...