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File #: 210329    Version:
Type: Resolution Status: Passed
File created: 6/15/2021 In control: JUDICIARY & LEGISLATION COMMITTEE
On agenda: Final action: 7/27/2021
Effective date:    
Title: Substitute resolution authorizing the return of real estate located at 4601 N 44th Street, in the 7th Aldermanic District to its former owner Asset Solutions LLC.
Sponsors: THE CHAIR
Indexes: IN REM JUDGMENTS
Attachments: 1. Request for Vacation of In-Rem Judgment, 2. InRems Notices for 7 20 21, 3. City Attorney Letter Asset Solutions 7-19-21.pdf, 4. 210329_DCD_Letter.docx.pdf, 5. Treasurer's Office, 6. 210329 DNS Letter 7.20.21.pdf, 7. 210329_DCD_Letter updated 7-20-21.docx.pdf
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
8/5/20211 MAYOR SIGNED   Action details Meeting details Not available
7/27/20211 COMMON COUNCIL ADOPTEDPass15:0 Action details Meeting details Not available
7/20/20211 JUDICIARY & LEGISLATION COMMITTEE RECOMMENDED FOR PLACING ON FILE

Minutes note: Appearing: DNS - Tanz Rome DCD - Deborah McCollum-Gathing ACA - Kimberly Prescott Treasurer's Office - Jim Klajbor No one present when called.
Pass5:0 Action details Meeting details Video Video
7/20/20211 JUDICIARY & LEGISLATION COMMITTEE RECONSIDEREDPass5:0 Action details Meeting details Not available
7/20/20211 JUDICIARY & LEGISLATION COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Appearing: DNS - Tanz Rome DCD - Deborah McCollum-Gathing ACA - Kimberly Prescott Treasurer's Office - Jim Klajbor Zarak Sharwani Municipal court outstanding amount of $8,843.10 due by July 26, 2021.
Pass5:0 Action details Meeting details Not available
6/15/20210 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
210329
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 4601 N 44th Street, in the 7th Aldermanic District to its former owner Asset Solutions LLC.
Analysis
This resolution authorizes the return of real estate locates at 4601 N 44th Street, in the 7th Aldermanic District to its former owner, Asset Solutions LLC, under conditions imposed by s. 304-50 of the Code of Ordinances.
Body
Whereas, The property located at 4601 N 44th Street, previously owned by Asset Solutions LLC, 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, 2021 210329; and

Whereas, Asset Solutions 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 March 24, 2021; and

Whereas, Asset Solutions 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 conditions which are detailed in the letters submitted by the Department of Neighborhood Services, Department of City Development, the Health Department, the Treasurer’s Office, and the City Attoney’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 4601 N 44th Street, a cashier's check must be submitted in the amount indicated by the City Treasurer within thirty 30 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 ...

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