City of Milwaukee - File #: 070115

• File #: 070115
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 4/17/2007
• In control: JUDICIARY & LEGISLATION COMMITTEE
• Final action: 5/8/2007
• Title: Substitute resolution authorizing an agreement between the City of Milwaukee and The Modern Group LLC for assignment under Wisconsin Statute Section 75.106 of the City’s right to an in-rem foreclosure judgment against 4162 West Lisbon Avenue, in the 15th Aldermanic District.
• Sponsors: ALD. HINES JR.
• Indexes: AGREEMENTS, ENVIRONMENT, IN REM JUDGMENTS

Date	Ver.	Action By	Action	Result	Tally
5/15/2007	1	MAYOR	SIGNED
5/8/2007	1	COMMON COUNCIL	ADOPTED	Pass	15:0
4/30/2007	1	CITY CLERK	DRAFT SUBMITTED
4/30/2007	0	JUDICIARY & LEGISLATION COMMITTEE	SUBSTITUTED; Minutes note: Accepted Prop. Sub. A	Pass	4:0
4/30/2007	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
4/24/2007	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
4/17/2007	0	COMMON COUNCIL	ASSIGNED TO

Number
070115
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. HINES
Title
Substitute resolution authorizing an agreement between the City of Milwaukee and The Modern Group LLC for assignment under Wisconsin Statute Section 75.106 of the City’s right to an in-rem foreclosure judgment against 4162 West Lisbon Avenue, in the 15th Aldermanic District.
Analysis
This substitute resolution directs property tax foreclosure against 4162 West Lisbon Avenue so assignment of the foreclosure judgment to a developer, The Modern Group LLC, may occur so the property may be remediated, improved and placed in taxpaying ownership.
Body
Whereas, Based on City of Milwaukee (“City”) records, Baljinder Dhami aka Baljinder Singh owns tax-delinquent property at 4162 West Lisbon Avenue (“Parcel”); and

Whereas, The City and The Modern Group LLC (“TMG”) believe that the Parcel may be environmentally impacted or a “brownfield” based on historical land use and/or other limited investigations that have been performed; and

Whereas, TMG (whose members are Paul Handle and Dave Kleugard) wishes to use the brownfield redevelopment tool available under Wisconsin Statute Section 75.106 to acquire the Parcel via City assignment of the City’s right to a Wisconsin Statute Section 75.521 in-rem foreclosure judgment; and

Whereas, Department of City Development (“DCD”), Real Estate staff, requested that the City commence an in-rem foreclosure action against the Parcel, and the City did or will include the Parcel in its 2007 No. 1 In-Rem File, Milwaukee County Circuit Court; and

Whereas, TMG wishes to enter into a “75.106 In-Rem Assignment Contract” (“75.106 Contract”) and to accept assignment of the City’s right to an in-rem foreclosure judgment in exchange for: paying $3,500 toward the City’s foreclosure expenses; paying the City for the assignment ($5,000 less a redevelopment fee of 25 percent made payable to the Redevelopment Authority of the City of Milwaukee); paying all unforeclosed tax-r...