Number
131299
Version
SUBSTITUTE 1
Reference
121283, 121284, 121408, 131033
Sponsor
ALD. COGGS
Title
Substitute resolution authorizing the return of real estate located at 1801 West Keefe Avenue, 3299 North 11th Street and 3075-77 North 14th Street via sale to the former owner Cache Investments, LLC, Caston Love.
Analysis
This substitute resolution, pursuant to Milwaukee Code of Ordinances 304-49-5, 304-49-7 and 304-49-8, authorizes the sale of Development Properties at 1801 West Keefe Avenue, 3299 North 11th Street and 3075-77 North 14th Street to the former owner, who had lost the properties to tax foreclosure, with said sale according to the terms and conditions in the Offer to Purchase.
Body
Whereas, Cache Investments, LLC (“Cache”) was the former owner of 1801 West Keefe Avenue, 3299 North 11th Street and 3075-77 North 14th Street and Cache lost those parcels to property tax foreclosure by virtue of the City of Milwaukee's (“City”) in rem foreclosure judgment dated December 17, 2012; and
Whereas, Caston Love, on behalf of Cache, filed with the City applications to vacate the City's in rem judgment under Milwaukee Code of Ordinances (“MCO”) 304-50, and while the Common Council approved the applications by File Nos. 121283, 121284 and 121408, Cache failed to timely pay the amounts required under MCO 304-50 within the 30 days of Council approval thereby making the Council's approval of the vacations void under MCO 304-50-13 and prohibiting Cache from applying for vacation again due to MCO 304-50-4; and
Whereas, While File No. 131033 was introduced in November of 2013 and concerned a proposed ordinance relating to the properties and Cache, the Judiciary and Legislation Committee recommended that the file be placed on file on January 13, 2014 and in that file is a December 16, 2013 communication from the City Attorney's Office to the City Clerk regarding Cache, the subject properties at issue and MCO 304-49 and 304-50; and
Whereas, While the General...
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