City of Milwaukee - File #: 150908

• File #: 150908
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/2/2015
• In control: COMMON COUNCIL
• Final action: 11/24/2015
• Title: Substitute resolution authorizing the return of real estate located at 4177 N. 19th Place in the 1st Aldermanic District to its former owner E & K Capital Holdings LLC.
• Sponsors: THE CHAIR
• Indexes: FORECLOSURES, PROPERTY TAXES

Date	Ver.	Action By	Action	Result	Tally
12/2/2015	1	MAYOR	SIGNED
11/24/2015	1	COMMON COUNCIL	ADOPTED	Pass	13:0
11/16/2015	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR PLACING ON FILE; Minutes note: Appearing: Karen Taylor - DCD Emily McKeown - DNS Kerry Urban - Treasurer Atty Jeff Jerard DNS pending charges for Recording Fees $1,140.75 Reinspection fees $136.89 TOTAL $1,277.64 Due November 23, 2015 applicant also has ownership interest in the following property with outstanding charges 4516 W Keefe Ave $228.15 Due November 23, 2015 2011-2014 taxes if paid by November $22,135.14 if paid by December 28, 2015 $22,377.58 applicant also has ownership interst in the following property with 2014 delinquent taxes in the amount of $4,764.73. Payment plan needs to be established by November 23, 2015	Fail	2:2
11/16/2015	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	3:1
11/6/2015	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
11/6/2015	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
11/6/2015	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
11/6/2015	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
11/2/2015	0	COMMON COUNCIL	ASSIGNED TO

Number
150908
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 4177 N. 19th Place in the 1st Aldermanic District to its former owner E & K Capital Holdings LLC.
Analysis
Permits return of property owned by the City under conditions imposed by s. 304-50, Milw. Code of Ordinances
Body
Whereas, The property located at 4177 N. 19th Place, previously owned by E & K Capital Holdings LLC, has delinquent taxes for 2011-2014 and was foreclosed upon pursuant to Sec. 75.521, Wis. Stats., and a fee simple absolute was obtained in favor of the City of Milwaukee dated September 14, 2015 150908; and

Whereas, E & K Capital Holdings LLC would like to reclaim said property by paying all City and County real estate taxes, plus accrued interest and penalties to date of payment, and all costs as sustained by the City in the foreclosing and management of said property since September 14, 2015; and

Whereas, E & K Capital Holdings LLC has agreed to pay all related city charges up until the point that the property is returned, as well as all charges and conditions which are detailed in the letters submitted by the Department of Neighborhood Services, Department of City Development, the Health Department and the Treasurer’s Office, as though set forth in this resolution; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that in order to return the property at 4177 N. 19th Place, a cashier's check must be submitted in the amount indicated by the City Treasurer within thirty (30) calendar days of the adoption of this resolution; and, be it

Further Resolved, That the City Attorney is then authorized to enter into a stipulation with the former owner to reopen and vacate the City's judgment in Milwaukee County Circuit Court Case No 15CV-4524. Known as the 2015-3 In Rem Parcel 66, securing the court's order and recording said order with the Milwaukee County Register of Deeds; and, be ...