Number
031593
Version
SUBSTITUTE 1
Sponsor
THE JUDICIARY AND LEGISLATION COMMITTEE
Title
Substitute resolution authorizing the return of real estate located at 3930 North 60th Street, in the 2nd 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. (JMG Investments, LLC)
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 3930 North 60th Street, tax key number 266-0021-000-8 previously owned by JMG Investments, LLC, has delinquent taxes for 2001-2003 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 12, 2004; and
Whereas, JMG 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 12, 2004; and
Whereas, The Department of Neighborhood Services indicates currently no unabated orders exist on this property and has no objections to the return if the owner maintains contact and works cooperatively with the inspector to correct the code violations against it in a timely manner; and
Whereas, The City Treasurer's records show outstanding 2001-2003 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 occupied but no rent has been collected and administrative costs have been incurred totalling $543.25; and
Whereas, The Health Depar...
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