Fiscal Note
The City Attorney's Office has indicated that, under State law, proceeds from the sale of this parcel must be used for Park improvements. Therefore, the anticipated sale proceeds of $101,787 less closing costs not exceeding $4,000 will be deposited into the Park Land Acquisition Account CL60-78320-810402.
Title
Accepting an Offer to Purchase from Will South Side LLC for the purchase of a surplused City-owned parcel of land within Doncaster Park located at 4335 Doncaster Drive. 10th Ald. Dist.
Body
PREAMBLE
The Wisconsin Department of Transportation ("WISDOT") acquired several apartment buildings, a parking lot and driveway access to the Beltline/MIdvale Westbound off-ramp as part of its Verona Road Project from Will South Side LLC, owner of the apartment complex abutting the City-owned Doncaster Park located at 4335 Doncaster Drive. WISDOT requested that a parcel of land within Doncaster Park (the "Property") (as shown on the attached map) be sold to the owner of the abutting apartment complex to provide a replacement parking lot for the tenants. A neighborhood meeting was held and the neighbors supported the proposed surplus and sale of the Property to the abutting property owner.
The Park Division declared the parcel of land within Doncaster Park surplus to its needs with a recommendation that a portion or all of the proceeds of sale be used to fund park improvements within the remaining portion of Doncaster Park. On March 21, 2006 the Common Council adopted a resolution (Enactment Number RES-06-00285) approving the intent of the Parks Division to sell the Property to Will South Side LLC. to provide replacement parking for the abutting apartment complex. The resolution further directed the City Real Estate Section to negotiate the terms and conditions for the sale of the Property to Will South Side LLC and to submit said terms and conditions to the Common Council for approval.
The Property is part of a parcel of land that was...
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