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File #: 220458    Version: 0
Type: Resolution Status: Passed
File created: 7/12/2022 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 7/28/2022
Effective date:    
Title: Resolution authorizing acceptance of an unsolicited offer to purchase from Trina Gandy for the City-owned tax deed property located at 2877 North 36th Street, in the 15th Aldermanic District.
Sponsors: ALD. STAMPER
Indexes: CITY PROPERTY, PROPERTY SALES
Attachments: 1. Land Disposition Report and Due Diligence Checklist, 2. Fiscal Impact Statement, 3. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
7/29/20220 MAYOR SIGNED   Action details Meeting details Not available
7/28/20220 COMMON COUNCIL ADOPTEDPass12:0 Action details Meeting details Not available
7/25/20220 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Deborah McCollum-Gathing, DCD Dionne Barnes, real estate agent for buyer
Pass5:0 Action details Meeting details Video Video
7/12/20220 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
200458
Version
ORIGINAL
Reference

Sponsor
ALD. STAMPER
Title
Resolution authorizing acceptance of an unsolicited offer to purchase from Trina Gandy for the City-owned tax deed property located at 2877 North 36th Street, in the 15th Aldermanic District.
Analysis
This resolution authorizes the sale of the 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 2877 north 36th Street (Tax Key 30808750003) (the “Property”) was acquired by the City of Milwaukee (“City”) from Linda Stingley (“Former Owner”) through in rem property tax foreclosure on March 24, 2021; and

Whereas, Trina Gandy (“Buyer”) desires to purchase the Property from the City; and

Whereas, The Department of City Development (“DCD”) recommended that the property be marketed for sale; 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 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 $5,000, which represents the AS-IS fair market value of the property and departmental expenses; now, therefore, be it

Resolved, That 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 $5,000.

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 passes all City’s standard buyer checks.

4. The Buyer closes the sale no later than August 31, 2022 following the certifi...

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