Number
252024
Version
ORIGINAL
Reference
Sponsor
ALD. PRATT
Title
Resolution authorizing the sale-back to Michael & Viviana Resnick, former owners of the City-owned tax-deeded property located at 5262 North 50th Street, in the 1st Aldermanic District.
Analysis
This resolution authorizes the sale-back to the Former Owner of the City-owned Neighborhood Property pursuant to Section 304-49-5 of the Milwaukee Code of Ordinances.
Body
Whereas, The property at 5262 North 50th Street (Tax Key 191-0237-000) (the “Property”) was acquired by the City of Milwaukee (“City”) from Michael & Viviana Resnick (“Former Owner”) through in rem property tax foreclosure on September 26, 2025; and
Whereas, Milwaukee Code of Ordinances 304-49-5-a authorizes the sale-back of property to Former Owners of non-single-family, owner-occupied properties upon approval of a resolution by a majority of the Common Council of the City of Milwaukee (“Common Council”); and
Whereas, The Common Council desires to authorize the sale-back of the Property to Michael & Viviana Resnick; and
Whereas, The Department of City Development (“DCD”) recommends accepting the Former Owner’s payment of $12,927.88, which represents City costs and expenses incurred, plus any additional costs and expenses incurred prior to closing per 304-49-5-c; now, therefore, be it
Resolved, That DCD is authorized to accept the payment of costs and expenses incurred from the Former Owner, provided that Former Owner meets the following conditions:
1. The price equals the total of City costs and expenses owed, subject to change upon additional costs and expenses incurred prior to closing.
2. The Former Owner provides documented evidence of financial ability to pay the full price at closing, understanding that said evidence will be verified by DCD.
3. The Former Owner passes all City standard buyer checks.
4. The Former Owner closes the sale no later than April 30, 2026 following the certification of this file; and, b...
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