City of Milwaukee - File #: 151459

• File #: 151459
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 1/19/2016
• In control: COMMON COUNCIL
• Final action: 2/9/2016
• Title: Resolution authorizing an agreement between TJM Holdings, LLC and the City of Milwaukee concerning assignment under Wisconsin Statutes 75.106 of the City’s right to Wisconsin Statutes 75.521 in-rem foreclosure judgment against 1644-48 North 12th Street, in the 15th Aldermanic District.
• Sponsors: ALD. STAMPER
• Indexes: FORECLOSURES

Date	Ver.	Action By	Action	Result	Tally
2/18/2016	0	MAYOR	SIGNED
2/9/2016	0	COMMON COUNCIL	ADOPTED	Pass	14:0
2/1/2016	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Ald. Stamper, II - Sponsor Asst. City Atty. Gregg Hagopian Matt Haessly - DCD Real Estate Tom McHugh, Jr. (TJM Holdings, LLC)	Pass	5:0
1/22/2016	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
1/19/2016	0	COMMON COUNCIL	ASSIGNED TO

Number
151459
Version
ORIGINAL
Reference

Sponsor
ALD. STAMPER
Title
Resolution authorizing an agreement between TJM Holdings, LLC and the City of Milwaukee concerning assignment under Wisconsin Statutes 75.106 of the City’s right to Wisconsin Statutes 75.521 in-rem foreclosure judgment against 1644-48 North 12th Street, in the 15th Aldermanic District.
Analysis
This resolution authorizes a contract between TJM and the City pursuant to which the City will assign its right to in-rem foreclosure judgment on 1644-48 North 12th Street (the “Target Parcel”) to TJM so that TJM may: remediate the Target Parcel as the WDNR may require; combine the Target Parcel with adjacent lands that TJM owns; vacate the east-west alley situated between the TJM-owned properties and the Target Parcel and improve the combined lands by expanding TJM’s current car wash operations.
Body
Whereas, The property located at 1644-48 North 12th Street (the “Target Parcel”): (i) is now owned by Minnie Lubotzky, deceased; (ii) is property tax-delinquent for years 2010-2015; and (iii) is per the City of Milwaukee’s (“City”) belief, a brownfield; and

Whereas, The City and TJM Holdings, LLC (“TJM”) believe that the Target Parcel may be environmentally impacted or a “brownfield” based on historical land use and/or other limited investigations that have been performed; and

Whereas, TJM, whose managing member is Thomas J. McHugh, Jr., wishes to use the brownfield redevelopment tool available under Wisconsin Statutes 75.106 to acquire the Target Parcel via City assignment of the City’s right to a Wisconsin Statutes 75.521 in-rem foreclosure judgment; and

Whereas, Department of City Development (“DCD”), Real Estate staff, requested that the City commence an in-rem foreclosure action against the Target Parcel and the City will include the Target Parcel in its 2016 No. 1 In-Rem File, Milwaukee County Circuit Court; and

Whereas, TJM will, after it becomes owner of the Target Parcel: pay the City...