Number
210956
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. STAMPER, PEREZ AND HAMILTON
Title
A substitute ordinance relating to property registration.
Sections
200-51.5-3.5 cr
200-51.5-d cr
200-51.5-5.5 cr
304-49-9-f cr
Analysis
This ordinance requires that a property registration form includes the name, address and phone number of:
· The controlling person and principal beneficiary if the owner is a trust, a life-estateholder, a remainderman, a condominium association, a land contract grantee (buyer), a general partnership, a limited partnership, a limited liability partnership, a corporation, a limited liability company or a cooperative.
· The owner’s registered agent.
The ordinance also:
· Requires a property owner’s registered agent be a resident of city of Milwaukee or Milwaukee county, or operate an office within the city or county.
· Requires that the department of neighborhood services maintain the information collected from property registration in a searchable database.
· Prohibits non-city residents from purchasing city-owned properties, unless buyers agree to reside in the purchased property for 8 years.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 200-51.5-3.5 of the code is created to read:
200-51.5. Property Registration.
3.5. REGISTERED AGENT. An owner’s registered agent shall be a resident of city of Milwaukee or Milwaukee county, or operate an office within the city or county.
Part 2. Section 200-51.5-5-d of the code is created to read:
5. REGISTRATION FORM.
d. The name, address and phone number of the controlling person and principal beneficiary if the owner is a trust, a life-estateholder, a remainderman, a condominium association, a land contract grantee (buyer), a general partnership, a limited partnership, a limited liability partnership, a corporation, a limited liability company or a cooperative.
e. The name, address and phone number of the owner’s register...
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