City of Milwaukee - File #: 080682

• File #: 080682
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 9/16/2008
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 2/10/2009
• Title: Resolution approving and authorizing the settlement of judgment for delinquent taxes entered on behalf of the City of Milwaukee by the Kohn Law Firm against Golden Marina Causeway LLC and appropriating $107,270.83 from the Common Council Contingent Fund to the Remission of Taxes Fund.
• Sponsors: THE CHAIR
• Indexes: LITIGATION, SUITS SETTLEMENT, TAX CANCELLATIONS

Date	Ver.	Action By	Action	Result	Tally
2/17/2009	0	MAYOR	SIGNED
2/10/2009	0	COMMON COUNCIL	ADOPTED	Pass	14:1
2/4/2009	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals present: Megan Crump, City Attorney's Office Matt Haessly, Dept. of City Development Ald. Bauman moved that THE FINANCE AND PERSONNEL COMMITTEE convene into closed session, pursuant to s. 19.85 (1)(e) and (g), Wis. Stats., for the purpose of deliberating or negotiating the purchasing of public property, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session and to confer with legal counsel for the governmental body who is rendering oral or written advice concerning strategy to be adopted by the body with respect to Item #26... Resolution approving and authorizing the settlement of judgment for delinquent taxes entered on behalf of the City of Milwaukee by the Kohn Law Firm against Golden Marina Causeway LLC and appropriating $107,270.83 from the Common Council Contingent Fund to the Remission of Taxes Fund. Roll call taken at 10:44 A.M. Present: 4 - Ald. Murphy, Bauman, Coggs and Kovac Excused: 1 - Ald. Dudzik Other individuals present: Megan Crump, City Attorney's Office, Matt Haessly, Dept. of City Development, Jason Miller, Dept. of Admin., Budget and Management Division, Mark Nicolini, Director, Dept. of Admin., Budget and Management Division, Marianne Walsh, Manager, City Clerk, Legislative Reference Bureau, Research & Analysis Section, Mike Daun, Deputy Comptroller Richard Withers, Legislative Reference Bureau, Research & Analysis Section, James Carroll, Legislative Reference Bureau, Research & Analysis Section, Mary Turk, Legislative Reference Bureau, Research & Analysis Section, Mike Talarczyk, Legislative Reference Bureau, Research & Analysis Section, Aaron Cadle, Legislative Reference Bureau, Research & Analysis Section Ald. Bauman moved that the committee reconvene into open session. Roll call taken at 11:01 P.M. Present: 4 - Ald. Murphy, Bauman, Coggs and Kovac Excused: 1 - Ald. Dudzik	Pass	3:1
1/29/2009	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
1/14/2009	0	FINANCE & PERSONNEL COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Individuals present: Megan Crump - City Attorney's Office Rob Petcakowski - Kohn Law Firm Matt Haessly - Dept. of City Development	Pass	5:0
1/6/2009	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
1/6/2009	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
10/16/2008	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
10/1/2008	0	FINANCE & PERSONNEL COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	5:0
9/30/2008	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
9/30/2008	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
9/29/2008	0	JUDICIARY & LEGISLATION COMMITTEE	HELD TO CALL OF THE CHAIR	Fail	2:3
9/29/2008	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION AND ASSIGNED; Minutes note: Individuals present: Megan Crump - City Attorney's Office Rob Petcakowski - Kohn Law Firm Matt Haesley - Dept. of City Development	Pass	4:1
9/23/2008	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
9/16/2008	0	COMMON COUNCIL	ASSIGNED TO

Number
080682
Version
ORIGINAL
Reference

Sponsor
The Chair

Title
Resolution approving and authorizing the settlement of judgment for delinquent taxes entered on behalf of the City of Milwaukee by the Kohn Law Firm against Golden Marina Causeway LLC and appropriating $107,270.83 from the Common Council Contingent Fund to the Remission of Taxes Fund.

Analysis
Resolution approving and authorizing the settlement of judgment for delinquent taxes entered on behalf of the City of Milwaukee by the Kohn Law Firm against Golden Marina Causeway LLC and appropriating $107,270.83 from the Common Council Contingent Fund to the Remission of Taxes Fund.

Body
Whereas, The City of Milwaukee ("the City") through the Kohn Law Firm ("Kohn") filed suit against Golden Marina Causeway LLC ("GMC") in January 2008 for real estate taxes for 2006 for the property located at 311 E. Greenfield; and

Whereas, The above referenced property was assessed at $537,100 for the 2005 tax year; and

Whereas, GMC attempted to sell the above referenced property in 2005 for $9.5 million; and

Whereas, The above referenced property was subsequently assessed at $9,290,400 for the 2006 tax year; and

Whereas, East Greenfield Investors LLC ("EGI") bought the property in January 2007 for $400,000 and the time to request a review of the 2006 assessment had passed; and

Whereas, EGI/GMC requested an assessment review of the 2007 taxes; and

Whereas, The 2007 assessment was lowered from $9.5 million to $3,580,700; and

Whereas, Enforcement of the judgment would be difficult due to EGI’s nominal assets; and

Whereas, The City would not acquire the property because it is on the do not acquire list; and

Whereas, EGI/GMC is actively taken steps to investigate, remediate and redevelopment the above referenced property; and

Whereas, Kohn has negotiated a proposed settlement of the judgment for a total of $101,936.51 and that figure represents the principal, interest and penalties that the taxes for ...