Number
041411
Version
SUBSTITUTE 1
Reference
Sponsor
CHAIR
Title
Resolution approving and authorizing stipulation with Molecular Biology Resources, Inc. concerning in personam liability for 2002-2004 tax roll amounts against 6143 North 60th Street, Tax Key No. 155-0404-000-0, in the 9th Aldermanic District.
Analysis
Resolution approves and authorizes compromise of an in personam judgment expected to be granted to City in the amount of $671,954.85 for back taxes (2002-2004) and other charges against 6143 N. 60th Street in exchange for the lesser amount of $200,000 paid over 24 months plus an up-front payment of $29,858.26.
Body
Whereas, 6143 N. 60th Street (the “Property”) is owned by Molecular Biology Resources, Inc. (“MB”), and is on the City's do-not-acquire list as it is suspected of being a brownfield and environmentally contaminated; and
Whereas, according to City's outside collection attorney, the Kohn Law Firm (“Kohn”), (1) Kohn initiated collection activities against MB, and Kohn was able to collect $220,000 (all of the 2001 tax balance against the Property and part of the 2002 tax balance), and (2) when MB stopped making payments to Kohn, alleging an error in billing for City local sewer charges (the “LSC”) and MMSD sewer charges, Kohn sued MB for the 2002 tax balance, Circuit Court Case No. 04-CV-002351 (the “Lawsuit”); and
Whereas, after discussions between the City Attorney's Office and Kohn regarding MB's allegations of billing errors for City LSC's and MMSD sewer charges, the City Attorney's Office substituted itself for Kohn as the City's lawyer to pursue the 2002 delinquencies in the Lawsuit; and
Whereas, the City amended the City's Complaint in the Lawsuit to also include the 2003 taxes that had subsequently become delinquent; and
Whereas, 2004 taxes have since been billed and are now also delinquent; and
Whereas, various discussions have taken place between MB (through the lawyers that MB hired for the Lawsuit, Rein...
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