City of Milwaukee - File #: 151810

• File #: 151810
• Version: 1
• Type: Resolution
• Status: Placed On File
• File created: 4/15/2016
• In control: COMMON COUNCIL
• Final action: 5/24/2016
• Title: Substitute resolution authorizing the return of real estate located at 8940 N. Michele Street in the 9th Aldermanic District to its former owner City Wide Investments LLC.
• Sponsors: THE CHAIR
• Indexes: FORECLOSURES, PROPERTY TAXES

Date	Ver.	Action By	Action	Result	Tally
5/24/2016	1	COMMON COUNCIL	PLACED ON FILE	Pass	15:0
5/16/2016	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR PLACING ON FILE; Minutes note: Appearing: Karen Tyalor - DCD Emily McKeown - DNS Kerry Urban - Treasurer Office Based on non-appearance, Ald. Bauman moved denial of this return of real estate.	Pass	5:0
5/9/2016	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
5/5/2016	1	CITY CLERK	DRAFT SUBMITTED
4/15/2016	0	COMMON COUNCIL	ASSIGNED TO

Number
151810
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 8940 N. Michele Street in the 9th Aldermanic District to its former owner City Wide Investments LLC.
Analysis
Permits return of property owned by the City under conditions imposed by s. 304-50, Milw. Code of Ordinances
Body
Whereas, The property located at 8940 N. Michele Street, previously owned by City Wide Investments LLC, has delinquent taxes for 2012-2015 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 January 4, 2016 151810; and

Whereas, City Wide Investments LLC 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 January 4, 2016; and

Whereas, City Wide Investments LLC 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 8940 N. Michele Street, a cashier's check must be submitted in the amount indicated by the City Treasurer within thirty (30) 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 15CV-7164. Known as the 2015-5 In Rem Parcel 4, securing the court's order and recording said order with the Milwaukee County Register of Deeds; and, be...