City of Milwaukee - File #: 210709

• File #: 210709
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 9/1/2021
• In control: COMMON COUNCIL
• Final action: 9/21/2021
• Title: Substitute resolution authorizing the transfer of up to $192,000 from the Common Council Contingent Fund to the City Attorney’s Office’s Damages and Claims Special Purpose Account for the purpose of paying the judgment against the City of Milwaukee in the adversary proceeding entitled City Wide Investments, LLC v. City of Milwaukee, U.S. Bankruptcy Court Eastern District of Wisconsin, Case No. 17-22900, Adv. No. 17-02115.
• Sponsors: THE CHAIR
• Indexes: CITY ATTORNEY, CONTINGENT FUND, SUITS PAYMENT

Date	Ver.	Action By	Action	Result	Tally
9/22/2021	1	MAYOR	SIGNED
9/21/2021	1	COMMON COUNCIL	ADOPTED	Pass	15:0
9/15/2021	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Hannah Jahn, City Attorney's Office	Pass	5:0
9/3/2021	1	CITY CLERK	DRAFT SUBMITTED
9/1/2021	0	COMMON COUNCIL	ASSIGNED TO

Number
210709
Version
SUBSTITUTE 1
Reference

Sponsor
THE CHAIR

Title
Substitute resolution authorizing the transfer of up to $192,000 from the Common Council Contingent Fund to the City Attorney’s Office’s Damages and Claims Special Purpose Account for the purpose of paying the judgment against the City of Milwaukee in the adversary proceeding entitled City Wide Investments, LLC v. City of Milwaukee, U.S. Bankruptcy Court Eastern District of Wisconsin, Case No. 17-22900, Adv. No. 17-02115.

Analysis
Resolution authorizing the transfer of up to $192,000 from the Common Council Contingent Fund to the City Attorney’s Office’s Damages and Claims Special Purpose Account for the purpose of paying the judgment against the City of Milwaukee in the adversary proceeding entitled City Wide Investments, LLC v. City of Milwaukee, U.S. Bankruptcy Court Eastern District of Wisconsin, Case No. 17-22900, Adv. No. 17-02115.

Body
Whereas, a judgment was entered against the City of Milwaukee in the adversary proceeding entitled City Wide Investments, LLC v. City of Milwaukee, U.S. Bankruptcy Court Eastern District of Wisconsin, Case No. 17-22900, Adv. No. 17-02115, and

Whereas, the unpaid principal balance of the judgment is $180,106.26 plus interest, for a total that will not exceed $192,000 before October 31, 2021; and

Whereas, the City has exhausted its appeal rights for the above judgment; and

Whereas, City Wide Investments, LLC (“Debtor”) is delinquent on property tax payments for seven other properties it owns in the City of Milwaukee, with total delinquent taxes exceeding $192,000; and
Whereas, parties have agreed to set off their respective claims such that the City would satisfy Debtor’s delinquent taxes on the properties shown below, up to a total amount of $192,000 inclusive of interest, wi...