powered help
header-left header-center header-right
Share to Facebook Share to Twitter Bookmark and Share
File #: 211738    Version:
Type: Resolution Status: Passed
File created: 3/1/2022 In control: COMMON COUNCIL
On agenda: Final action: 3/22/2022
Effective date:    
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
Attachments: 1. Land Disposition Report, 2. Due Diligence Checklist, 3. Fiscal Impact Statement, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
3/29/20221 MAYOR SIGNED   Action details Meeting details Not available
3/22/20221 COMMON COUNCIL ADOPTEDPass14:0 Action details Meeting details Video Video
3/15/20221 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Amy Turim, Dept. of City Development Cetonia Weston-Roy, Niche Book Bar
Pass5:0 Action details Meeting details Video Video
3/8/20221 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
3/1/20220 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
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 ...

Click here for full text