City of Milwaukee - File #: 040351

• File #: 040351
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 7/7/2004
• In control: JUDICIARY & LEGISLATION COMMITTEE
• Final action: 7/27/2004
• Title: Substitute resolution authorizing an agreement between the City of Milwaukee and Mariposa Investments, LLC, for assignment under Wisconsin Statutes Section 75.106 of the City's right to an in-rem foreclosure judgment against 1036-1038 West National Avenue in the 12th Aldermanic District.
• Sponsors: James N. Witkowiak
• Indexes: AGREEMENTS, ENVIRONMENT, IN REM JUDGMENTS

Date	Ver.	Action By	Action	Result	Tally
8/5/2004	2	MAYOR	SIGNED
7/27/2004	1	COMMON COUNCIL	SUBSTITUTED	Pass	15:0
7/27/2004	2	COMMON COUNCIL	ADOPTED	Pass	15:0
7/26/2004	2	CITY CLERK	DRAFT SUBMITTED
7/19/2004	1	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
7/16/2004	1	CITY CLERK	DRAFT SUBMITTED
7/13/2004	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
7/13/2004	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
7/7/2004	0	COMMON COUNCIL	ASSIGNED TO

Number
040351
Version
SUBSTITUTE 2
Reference
030680
Sponsor
ALD. WITKOWIAK
Title
Substitute resolution authorizing an agreement between the City of Milwaukee and Mariposa Investments, LLC, for assignment under Wisconsin Statutes Section 75.106 of the City's right to an in-rem foreclosure judgment against 1036-1038 West National Avenue in the 12th Aldermanic District.
Analysis
This substitute resolution directs property-tax foreclosure against 1036-1038 West National Avenue so assignment of the foreclosure judgment to a developer, Mariposa Investments, LLC, may occur so the property may be remediated, improved and placed in tax-paying ownership.
Body
Whereas, Harry Wait owns tax-delinquent property at 1036-1038 West National Avenue ("Parcel"); and

Whereas, The City of Milwaukee ("City") and Mariposa Investments, LLC, ("Mariposa") believe that the Parcel may be environmentally impacted or a "brownfield" based on historical land use and other limited investigations that have been done; and

Whereas, Mariposa wishes to use the brownfield redevelopment tool available under Wisconsin State Statute Section 75.106 to acquire the Parcel via City assignment of the City's right to a Wisconsin State Statute Section 75.521 in-rem foreclosure judgment; and

Whereas, The Department of City Development's Real Estate staff ("DCD-Real Estate") completed an "Internal Protocol/Questionnaire for Community-Improvement-In-Rem Foreclosure Actions" as required by Common Council File No. 030680 requesting that the City commence a special in-rem foreclosure action against the Parcel and indicating that the developer will cover DCD-Real Estate's costs under that protocol to cover the City's foreclosure expenses; and

Whereas, The City Attorney drafted a "75.106 In-Rem Assignment Contract" ("75.106 Contract"), a copy of which is attached to this Common Council File, governing the specifics of the transaction; and

Whereas, Mariposa wishes to enter into the ...