Number
000886
Version
SUBSTITUTE 1
XXBY:
THE JUDICIARY AND LEGISLATION COMMITTEE
Title:
Substitute resolution authorizing the return of real estate located at 1523 N. 37th St., in the 17th 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. (BANKER'S TRUST CO.)
Analysis
Permits return of property owned by the City under conditions imposed by Ordinance File Number 901739, passed by the Common Council on July 28, 1992.
Body
Whereas, The property located 1523 N. 37th St., tax key number 366-1822-6 previously owned by Banker's Trust Co., has delinquent taxes for 1997 through 1999, 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 21, 2000; and
Whereas, Banker's Trust Co., %Gray & End Law Firm, 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 21, 2000; and
Whereas, The Department of Neighborhood Services indicates currently unabated orders exist on this property and $246 in pending board-up charges and before its return all orders must be fixed and a management plan must be submitted and approved by the Department of Neighborhood Services; and
Whereas, The City Treasurer's records show outstanding 1997 through 1999 taxes, plus interest, penalties and costs; and
Whereas, The Department of City Development reports that this property is not suitable for use by a public agency or community based organization. Said property is vacant and administrative costs have been incurred totalling $450. Board-up charges in the amount of $559 have been incurred; and
Whereas, The Health Department reported outstanding orders have been issued against this property under Section 80-8 or 17-12 in 2000 and must be corrected before its return; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that in order to return the property at 1523 N. 37th 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. 00-CV-002120 known as the 2000-1, In Rem Parcel 397, 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
10-30-2000
000886