Number
221277
Version
ORIGINAL
Reference
Sponsor
ALD. STAMPER
Title
Resolution authorizing the sale of City-owned and Redevelopment Authority-owned vacant lots to Community Development Alliance in partnership with Milwaukee Habitat for Humanity, Inc. or assigns for a housing initiative, in the 15th and 8th Aldermanic Districts.
Analysis
This resolution authorizes the sale of Neighborhood Properties according to the conditions in a Land Disposition Report pursuant to Section 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, The Community Development Alliance in partnership with Milwaukee Habitat for Humanity, Inc. or assigns (“Developer”) has submitted an unsolicited Offer to Purchase City of Milwaukee (“City”) and Redevelopment Authority of the City of Milwaukee (“RACM”)-owned vacant lots for a housing initiative as summarized in a Land Disposition Report (“LDR”) and Due Diligence Checklist, a copy of which is attached to this Common Council of the City of Milwaukee (“Common Council”) File; and
Whereas, Section 304-49-8 of the Milwaukee Code of Ordinances allows the City and RACM to accept unsolicited Offers to Purchase property when the City/RACM receives fair compensation, whether monetary or non-monetary; and
Whereas, Authorization to sell RACM-owned vacant lots is contingent on approval by RACM at its Public Hearing to be held on December 15, 2022 as required by Wisconsin Statutes; and
Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and recommends sale of the lots to Developer contingent on DCD approval of final site and building plans and evidence of firm financing; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that DCD is authorized to accept the unsolicited Offer to Purchase submitted by Developer for the vacant lots as summarized in the LDR; and, be it
Further Resolved, That the Commissioner of DCD, or designee, is authorized to enter into a Development Agreement with Developer to outline development and conveyance obligations, execute legal documents on behalf of the City, including a release of deed restrictions, and to close the transaction according to the Development Agreement; and, be it
Further Resolved, That in the event any of the lots identified in the LDR are not suitable for development or if the City or RACM acquires additional lots in Developer’s target area that are more suitable for Developer’s housing program, lots may be added, returned or substituted without further action of the Common Council upon approval of the Commissioner of DCD and the local member of the Common Council; and, be it
Further Resolved, That the sale proceeds, less sale expenses, shall be credited to the Delinquent Tax Fund.
Drafter
DCD:Yves.LaPierre:ysl
12/13/22/A