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Committee approves series of tax‑deed sale‑backs; developer proposes $500,000 rehab at 4500 W. Burleigh
Summary
The committee approved a batch of sale‑back resolutions for tax‑deed properties and authorized the staff recommendations; a developer told the panel he plans a $500,000 rehabilitation after purchasing 4500 W. Burleigh for a nominal price.
The Finance and Personnel Committee approved a series of resolutions authorizing sale‑backs of city‑owned tax‑deed properties to former owners or prospective buyers and recommended adoption of the staff options with no objections.
Item 3 (File 251264) drew a short presentation from Dwayne Edwards of the Department of City Development’s real estate staff and comments from prospective buyer Antoine Williams. Edwards described 4500 W. Burleigh as a 7,300‑square‑foot multi‑story commercial building the city acquired via tax foreclosure on Nov. 7, 2017, and delivered a land disposition report that included the buyer’s recent projects and the proposed redevelopment. Williams told the committee he and the city agreed a purchase price "like $2,000" and that he has budgeted about $500,000 to rehab and return the building to productive use.
Alderman Jackson and other committee members praised the proposal; after questions the committee moved and approved the recommendation with no objection.
Carrie Smith (DCD Real Estate) told the committee this round of buybacks responds to recent state statute and local ordinance changes establishing a buyback process for non‑single‑family owner‑occupied properties. For buybacks, she said the amount due at closing is the amount of taxes, fees and city costs owed (including mowing, snow removal, board‑ups and administrative charges) and that the city will generally request proof of funds before proceeding; staff said installment arrangements are not available at this stage of the tax‑foreclosure process.
A sequence of additional sale‑back files (noted on the record by file number and sponsor) were moved for adoption and handled by voice approval with no objection.
What’s next: staff will continue processing the land disposition and buyback paperwork and will provide standardized land‑disposition reports for future items; the committee did not record roll‑call vote tallies because items were adopted by unanimous voice approval.
