Number
141228
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 4616-4634 W. Burleigh Street, in the 7th Aldermanic District to its former owner, 31st Street Holdings, LLC (Application made by Seaway Bank and Trust, mortgagee).
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 4616-4634 W. Burleigh Street, previously owned by 31st Street Holdings, LLC (Application made by Seaway Bank and Trust, mortgagee)., has delinquent taxes for 2011-2013 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 September 15, 2014 141228; and
Whereas, 31st Street Holdings, LLC (Application made by Seaway Bank and Trust, mortgagee). 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 September 15, 2014; and
Whereas, 31st Street Holdings, LLC (Application made by Seaway Bank and Trust, mortgagee). 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 4616-4634 W. Burleigh 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...
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