Number
050646
Version
ORIGINAL
Reference
Sponsor
CHAIR
Title
Resolution approving and authorizing compromise of in personam judgment against Theresa Slyman for in personam liability for 1992-2004 taxes for the property located at 4132 North Holton Street, Milwaukee, Wisconsin.
Analysis
Resolution approves and authorizes compromise of an in personam judgment expected to be granted to City in the amount of $207,595.68 for back taxes (1992-2004) for the property located at 4132 North Holton Street, Milwaukee, Wisconsin in exchange for the lesser amount of $l35,829.41
Body
Whereas, The City of Milwaukee (“the City”) filed suit against Theresa Slyman (“Slyman”) on February 26, 2004, for in personam liability in the amount of $469,683.58 for tax years 1992 through 2002, for property taxes, special taxes, special charges and special assessment for the property located at 4132 North Holton Street, Milwaukee, Wisconsin (‘the Property”); and
Whereas, Slyman is an adult resident of the State of Ohio, residing at 20544 Morewood Pkwy, Rocky River; Ohio; and
Whereas, Slyman asserted certain defenses to the City’s claims, including a prior bankruptcy filing; and
Whereas, Slyman’s personal liability for taxes and associated claims by the City for the years 1992 through 1998 in the amount of $330,419.80 have been discharged through the bankruptcy filed March 2, 1998; and
Whereas, The Property has environmental contaminants with potential cost of remediation ranging between $3,882,000.00 and $11,247,000.00; and
Whereas, The Property is on the Do-Not- Acquire List; and
Whereas, The Assessor’s Office has reduced the assessment to $200 for the 2005 tax year; and
Whereas, Judgment was entered on behalf of the City against Slyman in the amount of $207,595.68 on July 29, 2005 for all property taxes, special taxes, special charges and special assessment for the tax years 1997 through and including 2004 pursuant to a stipulation signed by the parties’ attorneys; and
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