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File #: 221500    Version:
Type: Resolution Status: Passed
File created: 1/17/2023 In control: COMMON COUNCIL
On agenda: Final action: 2/7/2023
Effective date:    
Title: Substitute resolution authorizing the acceptance of an unsolicited offer to purchase for the City-owned property located at 2361 North 55th Street, in the 10th Aldermanic District.
Sponsors: ALD. MURPHY
Indexes: CITY PROPERTY, PROPERTY SALES
Attachments: 1. Land Disposition Report and Due Diligence Checklist, 2. Fiscal Impact Statement, 3. Hearing Notice List
Number
221500
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. MURPHY
Title
Substitute resolution authorizing the acceptance of an unsolicited offer to purchase for the City-owned property located at 2361 North 55th Street, in the 10th Aldermanic District.
Analysis
This substitute resolution authorizes the sale of 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 2361 North 55th Street (tax key 3290926000) (the “Property”) was acquired by the City from Judith McQueen (“Former Owner”) through in rem property tax foreclosure in July 2020; and

Whereas, The former owner was unable to vacate the judgment of foreclosure due to the expiration of the deadline; and

Whereas, Kiyo Clemons (the “Buyer”) is the Former Owner’s daughter, and desires to purchase the Property from the City of Milwaukee (“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 offer price of $31,367.06, which represents the taxes due at the time of foreclosure 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 $31,367.06.

2) The Buyer provides documented evidence of financial ability to pay the full sales price at closing, and understands that the evidence will be verif...

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