NUMB:
970897
VERS:
SUBSTITUTE 1
XXBY:
THE JUDICIARY AND LEGISLATION COMMITTEE
TITL:
Substitute resolution authorizing the return of real estate located at 2728 North Fratney Street, in the 6th 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.
ANLS:
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 at 2728 North Fratney Street, tax key number 314-0048-4 previously owned by NationsCredit Financial Corporation has delinquent taxes for 1994 through 1996 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 August 26, 1997; and
Whereas, NationsCredit Financial Corporation 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 August 26, 1997; and
Whereas, The Department of Building Inspection indicates currently no unabated orders exist on this property but objects to its return until all this owner's properties are properly recorded by M.C.O. 200-51.5; and
Whereas, The City Treasurer's records show outstanding 1994 through 1996 taxes, plus interest, penalties, and costs, as listed on the coordinated plan summary attached to this file; 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; and
Whereas, The Health Department rep...
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