City of Milwaukee - File #: 110261

• File #: 110261
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 6/14/2011
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 7/6/2011
• Title: Substitute resolution authorizing the sale of up to 21 in-rem, duplex homes and up to one multi-family structure to Gorman & Company, Inc. for renovation into 40 affordable housing units and one leasing office, in the 7th and 15th Aldermanic Districts.
• Sponsors: ALD. WADE, ALD. HINES JR.
• Indexes: CITY PROPERTY, HOUSING, IN REM JUDGMENTS, PLANNED UNIT DEVELOPMENTS

Date	Ver.	Action By	Action	Result	Tally
7/11/2011	1	MAYOR	SIGNED
7/6/2011	1	COMMON COUNCIL	ADOPTED	Pass	15:0
6/28/2011	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals present: Ted Mack, Gorman & Company, Inc. Clifton Crump, Department of City Development	Pass	4:0
6/24/2011	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/24/2011	1	CITY CLERK	DRAFT SUBMITTED
6/23/2011	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/23/2011	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/14/2011	0	COMMON COUNCIL	ASSIGNED TO

Number
110261
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. WADE AND HINES
Title
Substitute resolution authorizing the sale of up to 21 in-rem, duplex homes and up to one multi-family structure to Gorman & Company, Inc. for renovation into 40 affordable housing units and one leasing office, in the 7th and 15th Aldermanic Districts.
Analysis
This substitute resolution authorizes the sale of Neighborhood Improved Properties according to the conditions in a Land Disposition Report pursuant to Section 304-49-7, Milwaukee Code of Ordinances.
Body
Whereas, Gorman & Company, Inc. (“Gorman”) has proposed to restore two-unit and up to one multi-family scattered site housing in the 7th and 15th Aldermanic Districts by rehabilitating and offering rental housing using federal affordable housing tax credits and Neighborhood Stabilization Program funds as summarized in a Land Disposition Report, a copy of which is attached to this Common Council File; and

Whereas, Gorman has offered to purchase up to 21 City-owned Neighborhood Improved Properties and up to one multi-family structure in impacted foreclosure target areas bounded by North Avenue to the North, Vliet Street to the South, North 47th Street to the West and North 20th Street to the East; and

Whereas, Gorman will maintain these properties for the federally required affordable rental period of 15 years; and

Whereas, Section 304-49-7 of the Milwaukee Code of Ordinances allows the City of Milwaukee (“City”) to accept unsolicited offers to purchase property when the City receives fair compensation, whether monetary or non-monetary; and

Whereas, Sale of these properties will allow Gorman to provide affordable rental housing to qualified households and will provide the City with fair compensation through additional tax base and housing opportunities; and

Whereas, The Department of City Development (“DCD”) has reviewed the offer and the development proposal and has determined that the proposed price and develop...