Number
230429
Version
ORIGINAL
Reference
Sponsor
ALD. CHAMBERS
Title
Resolution approving a Land Disposition Report and Due Diligence Checklist and authorizing acquisition and then sale of 5834 North 97th Street, in the 2nd Aldermanic District.
Analysis
This resolution, if the City of Milwaukee is successful in tax foreclosure, authorizes sale of the tax-delinquent parcel at 5834 North 97th Street to Mark Isabell. The property at 5834 North 97th Street (the “DNA Parcel”) is currently owned by Glen Gorus Land Company, LLC and, as of June 2023, is tax-delinquent $116,622.23. The DNA Parcel is in the City’s 2023 No. 1 property foreclosure file and Mr. Isabell is a tenant that desires to acquire and continue operating his specialty business at the DNA Parcel.
Body
Whereas, The Department of City Development (“DCD”) conducted a historical land use investigation and found that the DNA Parcel historically was operated as a leather finishing company, fire extinguisher company, and cabinet and counter-top manufacturer. The DNA Parcel is on DCD’s brownfield list of Do Not Acquire properties; and
Whereas, DCD received an unsolicited offer to purchase the DNA Parcel from the tenant of the DNA Parcel, Mark Isabell (“Buyer”); and
Whereas, The Buyer is the owner and operator of Crosslink LLC dba Final Cut Waterjet and Fabrication that provides state of the art technology for cutting a variety of materials to its customers specifications; and
Whereas, The Buyer has operated his business from the DNA Parcel for approximately five years and the Buyer’s landlord has been an absentee landlord that has resulted in mounting deferred maintenance; and
Whereas, The Buyer (or assigns) is willing to purchase the DNA Parcel and renovate the DNA Parcel so the deferred maintenance can be repaired, put the DNA Parcel back onto the tax rolls and back into productive reuse, so the Buyer can continue to expand his business in Milwaukee; now, therefore, be it
Resolved, By the Comm...
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