Number
150917
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. DONOVAN
Title
Substitute resolution authorizing the sale of the City-owned property located at 2060 South Muskego Avenue to its former owner, Lina Koch, in the 8th Aldermanic District.
Analysis
This substitute resolution authorizes the sale of the City-owned property at 2060 South Muskego Avenue, under conditions imposed by Section 304-50, Milwaukee Code of Ordinances.
Body
Whereas, The property located at 2060 South Muskego Avenue, Tax Key No. 470-0002-000-8, previously owned by Lina Koch, had delinquent taxes for 2012-2014 and was foreclosed upon pursuant to Section 75.521, Wisconsin Statutes, and a fee simple absolute was obtained in favor of the City of Milwaukee (“City”) dated September 14, 2015; and
Whereas, Lina Koch desires to reclaim this property by paying all City and County real estate taxes for 2012 and 2013, plus accrued interest and penalties, and all costs as sustained by the City in the foreclosure and management of the property since September 14, 2015, as well as entering into an installment plan for the 2014 City and County real estate taxes; and
Whereas, Section 304-49-4 of the Milwaukee Code of Ordinances (“Code”) requires Common Council approval of neighborhood property sales and for the City to consider monetary as well as nonmonetary consideration in establishing the purchase price; and
Whereas, The Common Council may authorize a sale to a party who violates the general buyer policies set forth in Section 304-49-9 of the Code, which prevents sale of City-owned real estate to a party that owned property acquired by the City through tax foreclosure in the previous 5-year period; and
Whereas, Section 304-49-9 of the Code allows the Common Council to override the buyer policies and to approve sales to former owners; and
Whereas, Lina Koch has agreed to execute an Offer to Purchase with the City where the property will be reconveyed for payment of 2012 and 2013 outstand...
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