City of Milwaukee - File #: 050231

• File #: 050231
• Version: 0
• Type: Resolution
• Status: Placed On File
• File created: 6/14/2005
• In control: JUDICIARY & LEGISLATION COMMITTEE
• Final action: 7/6/2005
• Title: Resolution authorizing the City of Milwaukee to negotiate and enter into an agreement with JJSG, LLC for assignment under Wisconsin Statutes Section 75.106 of the City's right to an in-rem foreclosure judgment against 4161 South Howell Avenue, in the 13th Aldermanic District.
• Sponsors: THE CHAIR
• Indexes: AGREEMENTS, ENVIRONMENT, IN REM JUDGMENTS, PROPERTY ACQUISITION, TAXATION

Date	Ver.	Action By	Action	Result	Tally
7/6/2005	0	COMMON COUNCIL	PLACED ON FILE	Pass	15:0
6/27/2005	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR PLACING ON FILE	Pass	5:0
6/20/2005	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
6/14/2005	0	COMMON COUNCIL	ASSIGNED TO

Number
050231
Version
ORIGINAL
Reference
030680
Sponsor
THE CHAIR
Title
Resolution authorizing the City of Milwaukee to negotiate and enter into an agreement with JJSG, LLC for assignment under Wisconsin Statutes Section 75.106 of the City's right to an in-rem foreclosure judgment against 4161 South Howell Avenue, in the 13th Aldermanic District.
Analysis
This resolution directs property tax foreclosure against 4161 South Howell Avenue so assignment of the foreclosure judgment to a developer, JJSG, LLC, may occur so the property may be remediated, improved and placed in tax-paying ownership.
Body
Whereas, Based on City of Milwaukee (“City”) records, City Veterans Taxicab Cooperative owns tax-delinquent property at 4161 South Howell Avenue (the “Parcel”); and

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

Whereas, JJSG wishes to use the brownfield redevelopment tool available under Wisconsin Statute Section 75.106 to acquire the Parcel via City assignment of the City's right to a Wisconsin Statute Section 75.521 in-rem foreclosure judgment; and

Whereas, The Department of City Development's Real Estate section (“DCD”) completed an “Internal Protocol/Questionnaire for Community Improvement In-Rem Foreclosure Actions,” as required by Common Council File No. 030680, requesting that the City commence a special in-rem foreclosure action against the Parcel and indicating that the developer will cover DCD's costs under that protocol to cover the City's foreclosure expenses; and

Whereas, JJSG wishes to enter into a “75.106 In-Rem Assignment Contract” (“75.106 Contract”) and to accept assignment of the City's in-rem foreclosure rights in exchange for: paying for the City's foreclosure expenses (up to a maximum of $1,750); paying the City $226,500 for the assignment less DCD-approved, un-r...