Title
From the Manager of Real Estate Services, DTPW, offer to purchase on a County-owned vacant lot located at 1900 South 94th Street in the City of West Allis, Wisconsin.
Body
POLICY ISSUE:
County Board Resolution File No. 11-14 was established by the County Board Chairperson relative to offers-to-purchase on lands under County control.
BACKGROUND:
The Real Estate Division of the Department of Transportation and Public Works received an offer to purchase on an excess County-owned vacant lot located at 1900 South 94th Street in the City of West Allis. A copy of the offer and an exhibit depicting the location of the property are attached.
The subject property, appraised at $10,500, is a 36' X 135' vacant residential lot. The Milwaukee County Treasurer acquired the property for delinquent taxes by foreclosure proceedings.
The offer, in the amount of $10,000 cash, is from Daniel S. Geraci and Valerie A. Geraci who live across the street.
RECOMMENDATION:
Staff respectfully requests that the Committee on Economic and Community Development recommend to the County Board acceptance of the above-described offer from Daniel S. Geraci and Valerie A. Geraci in the amount of $10,000.
________________________
Craig C. Dillmann, Manager
Real Estate Services
Meeting Date: June 13th, 2011
Attachments
cc: Chris Abele, County Executive
Lee Holloway, County Board Chairman
Supervisor Joe Sanfelippo, 17th District
Jack Takerian, Director, Transportation and Public Works
Josh Fudge, Fiscal Management Analyst