Number
020468
Version
ORIGINAL
Reference
Sponsor
CHAIR
Title
Resolution approving and authorizing compromise of in personam judgment against Thomas Sneed, Sr. for in personam liability for 1989-2000 taxes against 239 South 76th Street. (City Attorney)
Analysis
Resolution approves and authorizes compromise of in personam judgment granted to the City in the amount of $32,180.42 for back taxes (1989-2000) against 239 South 76th Street in exchange for $17,045.06, and further approves and authorizes a deduction netted out from that $17,045.06 to pay Kohn Law Firm's fees incurred with respect to the collection.
Body
Whereas, The property is on the City's do-not-acquire list as it is suspected of being a brownfield and environmentally contaminated; and
Whereas, According to the City's outside collection attorney, the Kohn Law Firm ("Kohn"), (1) Thomas Sneed, Sr. ("Sneed") was sued for the 1989-2000 back taxes and judgment for the City was entered on February 13, 2002 for $32,180.42; and (2) if the City does not approve the compromise and accept the offered $17,045.06 lump sum payment from Sneed to settle the judgment, Sneed's financial condition and circumstances raise concern about the City being able to collect against him; and
Whereas, If the City does approve the compromise, the City will collect the $17,045.06 payment offered (being principal only of the 1989-2000 delinquencies) less Kohn's fees; now, therefore, be it
Resolved, That the City hereby approves and authorizes: the compromise of the City's $32,180.42 judgment for $17,045.06; and, to pay Kohn, the netting out of Kohn's fees of $3,696.34 against the $17,045.06 Kohn will collect and remit to the City; and, be it
Further Resolved, That the City approves and authorizes: Kohn issuing a satisfaction of the judgment against Sneed upon receipt of the $17,045.06; and, be it
Further Resolved, That when Kohn transmits the $13,348.72 to the City ($17,045.06 payment less Kohn'...
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