Number
041351
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing cancellation of the real estate tax judgment entered on behalf of the City of Milwaukee by the Kohn Law Firm and against Dale Bluvstein. (City Attorney)
Analysis
Resolution authorizing cancellation of the real estate tax judgment entered on behalf of the City of Milwaukee by the Kohn Law Firm and against Mr. Bluvstein.
Body
Whereas, The Kohn Law Firm entered a judgment on behalf of the City of Milwaukee and against Mr. Bluvstein on March 6, 2002, in the amount of $187,871.71, Milwaukee Circuit Case No. 01-CV010221, for 1989 through 2000 real estate taxes at 2742 South 9th Place, tax key no. 507-1312100; and
Whereas, The assessment for the property in 2001 was reduced; and
Whereas, The Kohn Law Firm has determined that Mr. Bluvstein lives in Germantown in a house owned by his extended family; and
Whereas, The Kohn Law Firm has determined that Mr. Bluvstein runs a business at the property called National Vending Company and is currently paying himself a small salary; and
Whereas, There is a third party tenant at the property paying rent of $600.00 monthly; and,
Whereas, The court appointed a receiver for the purposes of collecting rents at the property both from Mr. Bluvstein and the third party tenant; and
Whereas, The receiver advises that the property is in considerable disrepair and that the total fair market value rent will not exceed $1,500.00 to $2,000.00; and
Whereas, Mr. Bluvstein is able to immediately pay in full, the 2001 through 2003 tax balances including all interest and penalties in the amount of $20,089.73; and
Whereas, Mr. Bluvstein is able to settle the above-described Judgment for 1989 through 2000 taxes for $60,000.00 in 36 equal payments of $1666.67 over 3 years; and
Whereas, Mr. Bluvstein is required to remain current on all tax obligations and beyond or the settlement agreement would be voided; and
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