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File #: 220989    Version: 0
Type: Resolution Status: Passed
File created: 11/1/2022 In control: COMMON COUNCIL
On agenda: Final action: 11/22/2022
Effective date:    
Title: Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 3953 North 76th Street, in the 5th Aldermanic District.
Sponsors: ALD. DODD
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
12/2/20220 MAYOR SIGNED   Action details Meeting details Not available
11/22/20220 COMMON COUNCIL ADOPTEDPass12:0 Action details Meeting details Not available
11/15/20220 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing Dwayne Edwards, Dept. of City Development Ciara Payne, Jefferson Crest LLC partner Jermaine Gordon, architect
Pass4:0 Action details Meeting details Video Video
11/1/20220 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
229089
Version
ORIGINAL
Reference

Sponsor
ALD. DODD
Title
Resolution approving a Land Disposition Report and authorizing the sale of the City-owned tax deed property at 3953 North 76th Street, in the 5th 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 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee (“City”) acquired 3953 North 76th Street (the “Property”) through property tax foreclosure on November 14, 2011; and

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

Whereas, DCD accepted offers on a continuous basis until an acceptable offer was received and DCD recommends acceptance of the proposal from Jefferson Crest, LLC and D Taylor Properties Limited Liability Corporation (“Buyer”), or its assignee, to acquire and redevelop the Property as summarized in a Land Disposition Report (“LDR”) and a Due Diligence Checklist, copies of which are attached to this Common Council File; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the LDR is approved and that DCD is authorized to enter into a Purchase and Sale Agreement with the Buyer, materially consistent with the LDR, and then convey the Property to the Buyer in accordance therewith; and, be it

Further Resolved, That the Commissioner DCD, or designee, is authorized to sign the Purchase and Sale Agreement, deed and requisite closing documents and to close the transaction and take such actions, as may be needed, to effectuate the terms of the LDR and this resolution; and, be it

Further Resolved, That the sale proceeds, less sale and marketing expenses and a 30 percent disposition fee to the Redevelopment Authority of the City of Milwaukee, shall be credited to the Delinquent Tax Fund.
Drafter
DCD:Dwayne.Edwards:dke
11/0...

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