City of Milwaukee - File #: 160846

• File #: 160846
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 10/11/2016
• In control: COMMON COUNCIL
• Final action: 11/1/2016
• Title: Substitute resolution authorizing the return of real estate located at 2430 N. 2nd Street, in the 6th Aldermanic District to its former owner MM Group LLC.
• Sponsors: THE CHAIR
• Indexes: FORECLOSURES, PROPERTY TAXES

Date	Ver.	Action By	Action	Result	Tally
11/10/2016	1	MAYOR	SIGNED
11/1/2016	1	COMMON COUNCIL	ADOPTED	Pass	15:0
10/24/2016	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Karen Taylor - DCD Emily Mckeown - DNS Kerry Urban - Treasurer Office MM Group LLC Rep - DNS $3,114.51 2014-2015 Taxes if paid by December 1, 2016 $11,879.14 OTHER PROPERTIES OWNED BY APPLICANT 3322-3324 S Taylor St PIF	Pass	4:0
10/17/2016	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
10/11/2016	0	COMMON COUNCIL	ASSIGNED TO

Number
160846
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 2430 N. 2nd Street, in the 6th Aldermanic District to its former owner MM Group 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 2430 N. 2nd Street, previously owned by MM Group LLC, has delinquent taxes for 2014-2015 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 160846; and

Whereas, MM Group 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 July 11, 2016; and

Whereas, MM Group 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 2430 N. 2nd 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 136, 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, intere...