weather

54°

Cloudy | 17MPH

NEWSROOM * CIRCULATION * ADVERTISING

CONTACT US MANAGE ACCOUNT SUBSCRIBE

Sunday

September 2014

21

Pewaukee

Nowak ordered to pay $2M

Nowak's properties foreclosed on, including Pier 347

Waukesha — Former City of Pewaukee Mayor Jeff Nowak has been ordered by a judge to pay more than $2 million to a bank, and his properties have been foreclosed upon, including the former restaurant Pier 347 in the Village of Pewaukee.

Waukesha County Circuit Court Judge Ralph M. Ramirez ruled Jan. 26 in favor of M&I against Nowak and ordered him to pay $2,777,861, according to court records. That amount was what Nowak owed as of Sept. 9, 2010. Ramirez ordered Nowak to pay interest of $230 per day after Sept. 9, which totals to more than $33,000 by the end of January.

Court records show that Nowak did not appear at the hearing. In a letter to Ramirez, Nowak said he was unable to secure legal counsel, as numerous firms could not represent him because of conflict of interest issues with the bank.

Ramirez also ruled in favor of M&I for the foreclosure and sale of Nowak's properties.

The properties named are: 347 Park Ave., 357-359 Park Ave., 306 Oakton Ave., all in the Village of Pewaukee, N37 W26659 and N37 W26675 Kopmeier Drive, City of Pewaukee, 601 Ogdan Ave., Milwaukee, and W339 N5175 Road O, Nashotah.

M&I filed foreclosure suits in April 2009, claiming Nowak and his wife, Deborah, had not paid back loans they had taken out. The couple is in the process of getting a divorce, with Deborah Nowak now living in Florida, according to court records. Ramirez ruled that Deborah Nowak owes the bank $2,263,515 as of Sept. 9, plus interest of nearly $180 per day after that.

The Nowaks' restaurant, Pier 347, 347 Park Ave., has been closed since November. Last spring, Jeff Nowak partnered with Joseph T. Grasch of N37 W26655 Kopmeier Drive, City of Pewaukee, to reopen the restaurant after it had been closed for the winter. The restaurant reopened under the name Rum Bar.

Jeff Nowak and Tom Pfister, a former Village of Pewaukee trustee, were business partners when they purchased the former La Chalet bar at 347 Park Ave. about a decade ago and converted it into a restaurant.

Pfister said Tuesday that partnership was short-lived and he has had nothing to do with the restaurant for about 10 years. Ramirez did rule Pfister must pay M&I $312,944, for a property at 337 Park Ave. that is jointly owned with Jeff Nowak.

Pfister said he has been trying to get his name removed from the suit and has been trying to get a quitclaim deed to Nowak. A quitclaim deed allows a person to disclaim any interest they may have in a piece of property.

"I've had not had anything to do with it for many years," Pfister said.

Pfister said he would not appeal the ruling.

Jeff Nowak's residence on Rocky Point Road in the City of Pewaukee, assessed at $2.1 million, is now listed to another couple, according to Waukesha County records. Nowak could not be reached for comment.

In addition, Ramirez ruled that a joint partnership between the Nowaks called JEDE LLC, must pay the bank $628,787, plus interest of $68 per day since Sept. 9.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.


Living Lake Country

E-mail Newsletter

Top stories from the Lake Country area. Tuesday afternoons and Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.
Tools
TEXT SIZE
Lake Country Construction Guide

 

Consruction season is underway in Lake Country and

we've got you covered when it comes to street closures and delays:

Mukwonago area projects

Sussex, Menomonee Falls area projects

Kettle Moraine area projects

Greater Lake Country area projects

 

Special Report
Community Pride 2014

  

Celebrate Lake Country 

communities with stories

of community pride

 

 

 

 

 

 

 

Rummage Router
Just click to find a rummage near you

Advertisement

Your Photos
Mary Gratz - Delafield , WI
Community Blogs

Lake Country residents share their views on news, happenings and current events.

It's Hemmer Time
By Amy L. Geiger-Hemmer
Obama has no intention of defeating ISIS...period.

Bernie Ziebart

The Engineering Perspective
By Bernie Ziebart
Penn State

GarberPark
By Mike Garber
35th Topic - This space for rent

Cook's Corner
By Cynthia Acosta Luksich
Summer in Wisconsin equals chili: Basic chili from leftover taco meat

Eagle's Eye
By Al Neuhauser
Global Humbug IX-Environmental Madness

LivingLakeCountry.com features more than a dozen community bloggers - a group of volunteer conversation leaders who are up on the latest topics and never short on an opinion. Just a few are pictured here. Check out the rest and see what they have to say!

View All Blogs

Discussion Guidelines

Do you want to become a Community Blogger? LivingLakeCountry.com welcomes your thoughts and opinions. Contact us for more information:
I want to blog

Legal Notices
Back to top