Number
060800
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 508 E. Wright St., in the 3rd Aldermanic District of the City of Milwaukee to its former owner upon payment of all city and county tax liens and any special improvement bonds, with all interest and penalty thereon and all costs as sustained by the City in foreclosing and managing said real estate. (Gregory Smith, Registered Agent for Alexian Investment Group)
Analysis
Permits return of property owned by the City under conditions imposed by s. 304-49-6-c, Milw. Code of Ordinances
Body
Whereas, The property located at 508 E. Wright St., previously owned by Gregory Smith, Registered Agent for Alexian Investment Group, has delinquent taxes for 2003-2005 and was foreclosed upon pursuant to Sec. 75.521, Wis. Stats., and a fee simple absolute was obtained in favor of the City of Milwaukee dated August 14, 2006; and
Whereas, Gregory Smith, Registered Agent for Alexian Investment Group would like to reclaim said property by paying all City and County real estate taxes, plus accrued interest and penalties to date of payment, and all costs as sustained by the City in the foreclosing and management of said property since August 14, 2006; and
Whereas, Gregory Smith, Registered Agent for Alexian Investment Group has agreed to pay all related city charges up until the point that the property is returned, as well as all charges and conditions which are detailed in the letters submitted by the Department of Neighborhood Services, Department of City Development, the Health Department and the Treasurer’s Office, as though set forth in this resolution; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that in order to return the property at 508 E. Wright St., a cashier's check must be submitted in the amount indicated by the City Treasurer within forty-five (45) calendar days of the adoption of this resolution; and, be it
Further Resolved, That the City Attorney is then authorized to enter into a stipulation with the former owner to reopen and vacate the City's judgment in Milwaukee County Circuit Court Case No. 06-CV-003677 known as the 2006-01 In Rem Parcel 256, securing the court's order and recording said order with the Milwaukee County Register of Deeds; and, be it
Further Resolved, That if the above delinquent taxes, interest, and penalties are not paid within forty-five (45) calendar days of the adoption of this resolution, this process becomes null and void.
Drafter
CC CC
lme
8/29/06