powered help
header-left header-center header-right
File #: 220911    Version: 0
Type: Resolution Status: Passed
File created: 10/11/2022 In control: COMMON COUNCIL
On agenda: Final action: 11/1/2022
Effective date:    
Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 2917-23 North Holton Street, in the 6th Aldermanic District.
Sponsors: ALD. COGGS
Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS, 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
11/7/20220 MAYOR SIGNED   Action details Meeting details Not available
11/1/20220 COMMON COUNCIL ADOPTEDPass10:0 Action details Meeting details Not available
10/25/20220 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Rhonda Szallai, DCD Luis Lugo Tatiana Lugo Ald. Milele Coggs, 6th Ald. Dist.
Pass5:0 Action details Meeting details Video Video
10/11/20220 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
220911
Version
ORIGINAL
Reference
180182
Sponsor
ALD. COGGS
Title
Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 2917-23 North Holton Street, in the 6th Aldermanic District.
Analysis
This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Sections 304-49-5 and 304-49-9, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee (“City”) acquired 2917-23 North Holton Street (the “Property”) on September 8, 2016 through property tax foreclosure; and

Whereas, The Department of City Development (“DCD”) advertised the Property for sale on its website and through MLS; and

Whereas, Common Council File No. 180182 authorized an Exclusive Right to Negotiate with Riverwest Investment Cooperative (“RIC”) on May 30, 2018; and

Whereas, RIC withdrew its proposal to purchase on June 24, 2020; and

Whereas, DCD relisted the Property and received one proposal from Saifeddin y Khaddour to purchase and renovate the Property into eight residential units that failed to materialize; and

Whereas, DCD relisted the Property again and reviewed proposals on a continuous basis; and

Whereas, DCD staff evaluated a proposal from Tati Investments LLC, or its assignee (“Buyer”) and recommends approval to acquire and renovate the Property for use as an Artist Studio and Property Management Offices as summarized in the Land Disposition Report (“LDR”) and Due Diligence Checklist, copies of which are attached to this Common Council file; and

Whereas, The Buyer understands that the proposed project may require certain City approvals in addition to the approval of the LDR and closing will be contingent upon the Buyer obtaining all necessary approvals; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the LDR is approved and DCD is authorized to enter into a Purchase and Sale Agreement with t...

Click here for full text