City of Milwaukee - File #: 200901

• File #: 200901
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/4/2020
• In control: COMMON COUNCIL
• Final action: 11/24/2020
• Title: Substitute resolution authorizing the return of real estate located at 6556 W. Medford Avenue, in the 2nd Aldermanic District, to its former owner Preston Ridge Partners LLC (application made by Wilmington Savings Fund Society c/o Cumminsford, Acevedo & Associates LLC).
• Sponsors: THE CHAIR
• Indexes: IN REM JUDGMENTS

Date	Ver.	Action By	Action	Result	Tally
12/2/2020	1	MAYOR	SIGNED
11/24/2020	1	COMMON COUNCIL	ADOPTED	Pass	15:0
11/16/2020	1	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: No other outstanding amounts due.	Pass	5:0
11/5/2020	1	CITY CLERK	DRAFT SUBMITTED
10/22/2020	0	COMMON COUNCIL	ASSIGNED TO

Number
200901
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 6556 W. Medford Avenue, in the 2nd Aldermanic District, to its former owner Preston Ridge Partners LLC (application made by Wilmington Savings Fund Society c/o Cumminsford, Acevedo & Associates LLC).
Analysis
This resolution authorizes the return of real estate located at 6556 W. Medford Avenue, in the 2nd Aldermanic District, to its former owner, Preston Ridge Partners LLC (application made by Wilmington Savings Fund Society c/o Cumminsford, Acevedo & Associates LLC), under conditions imposed by s. 304-50 of the Code of Ordinances.
Body
Whereas, The property located at 6556 W. Medford Avenue, previously owned by Preston Ridge Partners LLC (application made by Wilmington Savings Fund Society c/o Cumminsford, Acevedo & Associates LLC), has delinquent taxes for 2017-2019 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 15, 2020 200901; and

Whereas, Preston Ridge Partners LLC (application made by Wilmington Savings Fund Society c/o Cumminsford, Acevedo & Associates LLC) would like to reclaim this 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 15, 2020; and

Whereas, Preston Ridge Partners LLC (application made by Wilmington Savings Fund Society c/o Cumminsford, Acevedo & Associates LLC) has agreed to pay all related city charges up until the point that the property is returned, as well as all other charges, and meet all conditions which are detailed in the letters submitted by the Department of Neighborhood Services, the Department of City Development, the Health Department and the Treasurer’s Office, the City Attorney’s Office, as though set forth in this resolution;...