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HACM approves revised sale terms for 421 E. Locust to Kinship Milwaukee to speed closing
Summary
The authority amended a previously approved offer to purchase 421 East Locust to allow an earlier closing and to remove an owner's-rep contingency; outside counsel said the change was reasonable and the board approved the amendment.
The Housing Authority voted on Feb. 12 to approve an amendment to the previously authorized offer to purchase 421 East Locust Street by Kinship Milwaukee, Inc., a buyer planning a community food center adjacent to Holton Terrace.
Ken (staff member) and Michelle Evan, outside counsel with Michael Best, told commissioners that the buyer requested two changes to the October…
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