City of Milwaukee - File #: 160480

• File #: 160480
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 7/26/2016
• In control: COMMON COUNCIL
• Final action: 9/20/2016
• Title: Substitute resolution authorizing the return of real estate located at 4238 N. 18TH Street, in the 1st Aldermanic District to its former owner LOA Investments c/o Kaveus Taylor.
• Sponsors: THE CHAIR
• Indexes: FORECLOSURES, PROPERTY TAXES

Date	Ver.	Action By	Action	Result	Tally
9/28/2016	1	MAYOR	SIGNED
9/20/2016	1	COMMON COUNCIL	ADOPTED	Pass	15:0
9/12/2016	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Emily Mckeown - DNS Karen Taylor - DCD Jim Klajbor - Treas LOA Investments c/o Kaveus Taylor 2013-2015 taxes if paid by September $7,813.38 if paid by October 20, 2016 $7,895.36	Pass	4:0
9/8/2016	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
9/6/2016	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
7/26/2016	0	COMMON COUNCIL	ASSIGNED TO

Number
160480
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 4238 N. 18TH Street, in the 1st Aldermanic District to its former owner LOA Investments c/o Kaveus Taylor.
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 4238 N. 18TH Street, previously owned by LOA Investments c/o Kaveus Taylor, has delinquent taxes for 2013-2015 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 11, 2016 160480; and

Whereas, LOA Investments c/o Kaveus Taylor 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 11, 2016; and

Whereas, LOA Investments c/o Kaveus Taylor 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 4238 N. 18TH Street, 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 16CV-2331. Known as the 2016-2 In Rem Parcel 51, securing the court's order and recording said order with the Milwaukee County Regis...