City of Milwaukee - File #: 090580

• File #: 090580
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 9/1/2009
• In control: JUDICIARY & LEGISLATION COMMITTEE
• Final action: 10/13/2009
• Title: Substitute resolution authorizing the return of real estate located at 1680 S. Pearl St., in the 12th Aldermanic District to its former owner. (Stacy Edekter, Agent for GMAC Mortgage, LLC)
• Sponsors: THE CHAIR
• Indexes: IN REM JUDGMENTS

Date	Ver.	Action By	Action	Result	Tally
10/15/2009	1	MAYOR	SIGNED
10/13/2009	1	COMMON COUNCIL	ADOPTED	Pass	15:0
10/5/2009	1	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Applicant must record the property prior to noon on October 12th.	Pass	4:0
9/29/2009	1	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
9/14/2009	0	JUDICIARY & LEGISLATION COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Applicant not present.	Pass	4:0
9/4/2009	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
9/4/2009	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
9/4/2009	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
9/3/2009	1	CITY CLERK	DRAFT SUBMITTED
9/1/2009	0	COMMON COUNCIL	ASSIGNED TO

Number
090580
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 1680 S. Pearl St., in the 12th Aldermanic District to its former owner. (Stacy Edekter, Agent for GMAC Mortgage, LLC)
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 1680 S. Pearl St., previously owned by Stacy Edekter, Agent for GMAC Mortgage, LLC, has delinquent taxes for 2006-2008 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 July 20, 2009; and

Whereas, Stacy Edekter, Agent for GMAC Mortgage, 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 July 20, 2009; and

Whereas, Stacy Edekter, Agent for GMAC Mortgage, LLC 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 1680 S. Pearl St., a cashier's check must be submitted in the amount indicated by the City Treasurer within forty-five (45) 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 former owner to reopen and vacate the City's judgment in Milwaukee County Circuit Court Case No. 09CV005281 known as the 2009-01 In Rem Parcel 629, securing the court's order and recording sa...