Number
241465
Version
ORIGINAL
Reference
Sponsor
ALD. JACKSON
Title
Resolution authorizing the sale of three City of Milwaukee owned vacant lots, located at 3063-3071 North Dr. Lester Carter Drive, to Milwaukee Christian Center for construction of two new single family homes through their YouthBuild program, in the 7th Aldermanic District.
Analysis
This resolution authorizes the sale of three vacant City of Milwaukee owned lots in the Amani neighborhood to Milwaukee Christian Center according to the conditions in a Land Disposition Report pursuant to Section 304-49-4 and 304-49-8, Milwaukee Code of Ordinances.
Body
Whereas, The City of Milwaukee owns three residential vacant lots located at 3063, 3067, and 3071 North Dr. Lester Carter Drive; and
Whereas, Milwaukee Christian Center (“MCC”) has the funding and capacity to build two new construction single family homes in 2025 through their YouthBuild program and has approached the Department of City Development (“DCD”) requesting to purchase these lots; and
Whereas, DCD recommends sale to MCC of these three lots 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 MCC, materially consistent with the LDR and then convey the property to the Buyer 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 Mi...
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