City of Milwaukee - File #: 110360

• File #: 110360
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 7/6/2011
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 7/26/2011
• Title: Substitute resolution authorizing the sale of up to 20 in-rem, single-family and duplex homes to Maures Development Group, LLC and Brinshore Development L.L.C. for renovation into a minimum of 24 affordable housing rental units, in the 6th and 15th Aldermanic Districts.
• Sponsors: ALD. HINES JR., ALD. COGGS
• Indexes: CITY PROPERTY, HOUSING, IN REM JUDGMENTS, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
8/4/2011	1	MAYOR	SIGNED
7/26/2011	1	CITY CLERK	Sponsor added; Minutes note: Ald. Coggs
7/26/2011	1	COMMON COUNCIL	ADOPTED	Pass	14:0
7/19/2011	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Clifton Crump, Department of City Development Melissa Goins, Maures Development Group, LLC	Pass	5:0
7/14/2011	1	CITY CLERK	DRAFT SUBMITTED
7/13/2011	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/13/2011	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
7/6/2011	0	COMMON COUNCIL	ASSIGNED TO

Number
110360
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. HINES AND COGGS
Title
Substitute resolution authorizing the sale of up to 20 in-rem, single-family and duplex homes to Maures Development Group, LLC and Brinshore Development L.L.C. for renovation into a minimum of 24 affordable housing rental units, in the 6th 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, Maures Development Group, LLC and Brinshore Development L.L.C. have proposed to restore single-family and two-unit scattered site housing in the 6th 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, Maures Development Group, LLC and Brinshore Development L.L.C. have offered to purchase up to 20 City-owned Neighborhood Improved Properties in impacted foreclosure target areas generally bounded by Locust Street to the North, Vliet Street to the South, North 20th Street to the West and North 8th Street to the East; and

Whereas, Maures Development Group, LLC and Brinshore Development L.L.C. 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 Maures Development Group, LLC and Brinshore Development L.L.C. to provide affordable rental housing to qualified households and will provide the City with fair compensation through additional tax base and hous...