Number:
031544
Version:
ORIGINAL
Reference:
Sponsor:
THE CHAIR
Title:
Resolution authorizing cancellation of a portion of the real estate tax judgment taken on behalf of the City of Milwaukee by the Kohn Law Firm and against Lev & Ed, Inc. (City Attorney)
Analysis:
This resolution cancels a portion of the judgment rendered on behalf of the City of Milwaukee and against Lev & Ed, Inc. by the Kohn Law Firm.
Body:
Whereas, The Kohn Law Firm rendered a judgment on behalf of the City of Milwaukee and against Lev & Ed, Inc. on January 27, 2004, in the amount of $38,498.36, Milwaukee County Circuit Court Case No. 03-CV-008856 for real estate taxes at 2431 North 30th Street, Tax Key No. 326-0501-110, pursuant to a stipulation signed by the parties' attorneys; and
Whereas, The stipulation and order provided that the judgment in full in the amount of $38,498.36 shall be satisfied by a settlement payment of $17,741.76, upon agreement by the Common Council by resolution; and
Whereas, The Kohn Law Firm has determined the assets of Lev & Ed, Inc. are depleted and that the settlement of the judgment is in the best interests of the City; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the judgment against Lev & Ed, Inc. be settled for $17,741.76 and that $13,843.40 of said judgment be and is hereby cancelled.
Drafter:
City Atty.
BAT:77572