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File #: 231712    Version: 0
Type: Resolution Status: Passed
File created: 2/27/2024 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 3/19/2024
Effective date:    
Title: Resolution authorizing the sale of the City-owned tax deed property at 1606 West Walnut Street, in the 15th Aldermanic District.
Sponsors: ALD. STAMPER
Indexes: CITY PROPERTY, PROPERTY SALES
Attachments: 1. ZND Presentation, 2. Land Disposition Report and Due Diligence Checklist, 3. Fiscal Impact Statement, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
3/20/20240 MAYOR SIGNED   Action details Meeting details Not available
3/19/20240 COMMON COUNCIL ADOPTEDPass14:0 Action details Meeting details Not available
3/14/20240 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Dwayne Edwards, Dept. of City Development Rosita Ross, Dept. of City Development Nathan Shorter, PrimeTime Gaming Jenean Shorter, PrimeTime Gaming Ald. Stamper was in support.
Pass5:0 Action details Meeting details Video Video
2/27/20240 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

231712

Version

ORIGINAL

Reference

 

Sponsor

ALD. STAMPER

Title

Resolution authorizing the sale of the City-owned tax deed property at 1606 West Walnut Street, in the 15th Aldermanic District.

Analysis

This resolution authorizes the sale of City-owned Development Property according to the conditions in a Land Disposition Report pursuant to Section 304-49-5 and 304-49-8, Milwaukee Code of Ordinances.

Body

Whereas, The City of Milwaukee (“City”) acquired 1606 West Walnut Street (the “Property”), through property tax foreclosure on March 24, 2021; 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 sale to Nathan and Jenean Shorter, (the “Buyer”), or its assignee to acquire and redevelop the Property as summarized in a Land Disposition Report (“LDR”) and a Due Diligence Checklist (“DDC”), 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 and DDC are approved and that DCD is authorized to enter into a Purchase and Sale Agreement (“PASA”) with the Buyer, or assignee, materially consistent with the LDR and then convey the property to the Buyer or assignee, in accordance therewith; and, be it

 

Further Resolved, That the Commissioner of DCD, or designee, is authorized to sign the PASA, deed and requisite closing documents and to close the transaction and to 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 cost reimbursement to the Redevelopment Authority of the City of Milwaukee, shall be credited to the Delinquent Tax Fund.

Drafter

DCD:Dwayne.Edwards:dke

02/27/24/A