City of Milwaukee - File #: 120080

• File #: 120080
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 5/22/2012
• In control: JUDICIARY & LEGISLATION COMMITTEE
• Final action: 6/12/2012
• Title: Substitute resolution authorizing the return of real estate located at 4606 N. 24th Street, in the 1st Aldermanic District to its former owner. (Nathaniel Cade, Agent for JP Morgan Chase Bank)
• Sponsors: THE CHAIR
• Indexes: IN REM JUDGMENTS

Date	Ver.	Action By	Action	Result	Tally
6/21/2012	1	MAYOR	SIGNED
6/12/2012	1	COMMON COUNCIL	ADOPTED	Pass	15:0
6/4/2012	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals present: Lynn Steffen - DNS Karen Taylor - DCD Rich Schmitt - Treasurer Atty. Nathaniel Cade - Counsel lfor JP Morgan Chase Bank 2008-2011 taxes due if paid in June $15,013.81 If paid by July 12, 2012 $15,186.14	Pass	3:0
6/1/2012	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
6/1/2012	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
6/1/2012	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
5/22/2012	0	COMMON COUNCIL	ASSIGNED TO

Number
120080
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 4606 N. 24th Street, in the 1st Aldermanic District to its former owner. (Nathaniel Cade, Agent for JP Morgan Chase Bank)
Analysis
Permits return of property owned by the City under conditions imposed by s. 304-50, Milw. Code of Ordinances
Body
Whereas, The property located at 4606 N. 24th Street, previously owned by Nathaniel Cade, Agent for JP Morgan Chase Bank, has delinquent taxes for 2008-2011 and was foreclosed upon pursuant to Sec. 75.521, Wis. Stats., and a fee simple absolute was obtained in favor of the City of Milwaukee dated January 30, 2012 120080; and

Whereas, Nathaniel Cade, Agent for JP Morgan Chase Bank would like to reclaim said property by paying all City and County real estate taxes, plus accrued interest and penalties to date of payment, and all costs as sustained by the City in the foreclosing and management of said property since January 30; and

Whereas, Nathaniel Cade, Agent for JP Morgan Chase Bank has agreed to pay all related city charges up until the point that the property is returned, as well as all charges and conditions which are detailed in the letters submitted by the Department of Neighborhood Services, Department of City Development, the Health Department and the Treasurer’s Office, as though set forth in this resolution; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that in order to return the property at 4606 N. 24th Street, a cashier's check must be submitted in the amount indicated by the City Treasurer within thirty (30) calendar days of the adoption of this resolution; and, be it

Further Resolved, That the City Attorney is then authorized to enter into a stipulation with the former owner to reopen and vacate the City's judgment in Milwaukee County Circuit Court Case No. 11CV-15030 known as the 2011-04 In Rem Parcel 40, securing the court's order...