Number
201629
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 5424 -5430 W Lisbon Avenue, in the 10th Aldermanic District to its former owner Commercial Concepts LLC., LIndsey Pery (application made by Commercial Concepts LLC c/o Perry Lindsey).
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 5424 -5430 W Lisbon Avenue, previously owned by Commercial Concepts LLC., LIndsey Pery (application made by Commercial Concepts LLC c/o Perry Lindsey), has delinquent taxes for 2018-2020 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 March 24, 2020 201629; and
Whereas, Commercial Concepts LLC., LIndsey Pery (application made by Commercial Concepts LLC c/o Perry Lindsey) 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 March 24, 2020; and
Whereas, Commercial Concepts LLC., LIndsey Pery (application made by Commercial Concepts LLC c/o Perry Lindsey) 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 5424 -5430 W Lisbon Avenue, 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 20-CV-007046. Known as the 2020-2 In Rem Parcel 344, 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 thirty (30) calendar days of the adoption of this resolution, this process becomes null and void.
Drafter
CC CC
Joanna Polanco
5/7/2021