HomeMy WebLinkAbout19-26 REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH,WISCONSIN
SEPTEMBER 18, 2019 19-26 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: AUTHORIZE LAND DISPOSITION OF VACANT LOT;
FRANKFORT STREET ($5,000.00)
BE IT RESOLVED by the Redevelopment Authority of the City of Oshkosh that
the vacant lot on Frankfort Street is hereby declared surplus and the proper officials are
hereby authorized and directed to execute any and all documents necessary to sell said
property to Greater Oshkosh Healthy Neighborhoods for$5,000.00.
TO: City of Oshkosh Redevelopment Authority
FROM: Allen Davis, Community Development Director
DATE: September 11, 2019
SUBJECT: 19-26 Approve Land Disposition of Vacant Lot on Frankfort Street,$5,000
BACKGROUND
The RDA acquired the property in 2017 with the intent to demolish the blighted structure on the
property earlier this year. The property is in the Steven Park neighborhood.
ANALYSIS
The City completed the acquisition and demolition of the structure. The lot has been regraded
and vegetated. City staff has placed the lot on the normal marketing sites. Greater Oshkosh
Healthy Neighborhoods has offered the full market value for the lot. GO HNI would combine
the lot with the neighboring lot that they recently purchased for renovation. GO HNI plans to
build a garage on the property once it is combined with the house.
FISCAL IMPACT
CDBG funds require that the lot be sold for fair market value which the City uses as the assessed
value. The City Assessor has placed a value of$5,000 on the lot.
RECOMMENDATION
The RDA approves the disposition of the property on Frankfort for$5,000.
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