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File #: 080712    Version:
Type: Resolution Status: Passed
File created: 9/16/2008 In control: JUDICIARY & LEGISLATION COMMITTEE
On agenda: Final action: 10/29/2008
Effective date:    
Title: Substitute resolution authorizing the return of real estate located at 4708 W. Medford Ave., in the 7th Aldermanic District to its former owner. (Wells Fargo Bank, Mortgagee)
Sponsors: THE CHAIR
Indexes: IN REM JUDGMENTS
Attachments: 1. Fiscal Note, 2. In Rem Judgment Application, 3. City Treasurer Letter, 4. Letter from Cook & Franke, s.c. Attorneys at Law, 5. Department of Neighborhood Services Letter, 6. Department of City Development Letter.pdf, 7. Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
11/3/20081 MAYOR SIGNED   Action details Meeting details Not available
10/29/20081 COMMON COUNCIL ADOPTEDPass12:0 Action details Meeting details Not available
10/20/20081 JUDICIARY & LEGISLATION COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Previous owner must be pay $70 prior to noon on October 28, 2008 or this matter will be returned to committee.
Pass5:0 Action details Meeting details Not available
10/15/20081 JUDICIARY & LEGISLATION COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
10/14/20081 JUDICIARY & LEGISLATION COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
10/14/20081 JUDICIARY & LEGISLATION COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
9/18/20081 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
9/16/20080 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

080712

Version

SUBSTITUTE 1

Sponsor

THE CHAIR

Title

Substitute resolution authorizing the return of real estate located at 4708 W. Medford Ave., in the 7th Aldermanic District to its former owner. (Wells Fargo Bank, Mortgagee)

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 4708 W. Medford Ave., previously owned by Wells Fargo Bank, Mortgagee, has delinquent taxes for 2005-2007 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 July 28, 2008; and

 

Whereas, Wells Fargo Bank, Mortgagee 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 July 28, 2008;  and

 

Whereas, Wells Fargo Bank, Mortgagee 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 4708 W. Medford Ave., a cashier's check must be submitted in the amount indicated by the City Treasurer within forty-five (45) 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. 0CV004983 known as the 2008-01 In Rem Parcel 120, securing the court's order and recording said order with the Milwaukee County Register of Deeds; and, be it

 

Further Resolved, That if the above delinquent taxes, interest, and penalties are not paid within forty-five (45) calendar days of the adoption of this resolution, this process becomes null and void.

Drafter

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