Number
000814
Version
SUBSTITUTE 1
XXBY:
THE JUDICIARY AND LEGISLATION COMMITTEE
Title:
Substitute resolution authorizing the return of real estate located at 601 N. 26th Street, in the 4th 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. (MAHARISHI VEDIC UNIVERSITY, INC.)
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 lot located 601 N. 26th Street, tax key number 400-0027-100-6 previously owned by Maharishi Vedic University, Inc., has delinquent taxes for 1997 and 1998, 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, Maharishi Vedic University, Inc., would like to reclaim said lot 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 no unabated orders exist on this lot; and
Whereas, The City Treasurer's records show outstanding 1997 and 1998 taxes, plus interest, penalties and costs; and
Whereas, The Department of City Development reports that this lot is not suitable for use by a public agency or community based organization. Said property is a parking lot and administrative costs have been incurred totalling $450; and
Whereas, The Health Department reported no outstanding orders or notices, and no clean up notices have been issued against this lot under Section 80-8 or 17-12 in 1999 or thus far in 2000; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that in order to return the lot at 601 N. 26th 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 408, 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
kmm
10-30-2000
000814