HomeMy WebLinkAbout08. 22-434OCTOBER 25, 2022 22-434 RESOLUTION
(CARRIED 7-0 LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE: APPROVE REAL PROPERTY EXCHANGE AGREEMENT WITH
EVERETT INDUSTRIAL BUILDING CORPORATION FOR
PROPERTIES LOCATED AT EAST 9TH AVENUE
INITIATED BY: COMMUNITY DEVELOPMENT
BE IT RESOLVED by the Common Council of the City of Oshkosh that a property
exchange between Everett Industrial Building Corporation and the City of Oshkosh for
the properties located at East 9th Avenue, as noted on the attached map, for the
reconfiguration of a portion of the East 9th Avenue right of way to accommodate current
street transportation needs, is hereby approved.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the proper City officials are hereby authorized and directed to execute and
deliver the agreement in substantially the same form as attached, any changes in the
execution copy being deemed approved by their respective signatures, and said City
officials are authorized and directed to take those steps necessary to implement the terms
and conditions of the Agreement.
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us
TO: Honorable Mayor and Members of the Common Council
FROM: Jason Pausma, Economic Development Services Manager
DATE: October 20, 2022
RE: Approve Property Exchange Agreement with Everett Industrial Building Corporation
for Properties Located at East 9th Avenue
BACKGROUND
The City is reconstructing and extending East 9th Avenue between South Main Street and the railroad
tracks to the east. The new design will vacate a triangular area of right of way and require the dedication
of an area of similar size. The affected property owner has agreed to a land swap for the two affected
triangular areas (see Exhibit C in attached agreement).
ANALYSIS
Everett Industrial Building Corporation (Sadoff E-Recycling and Data Destruction) owns property on the
south side of the newly designed East 9th Avenue east of South Main Street. The new design of East 9th
Avenue creates a triangular shaped portion of 9th Avenue that will be vacated next to property owned
by Everett Industrial Building Corporation. They have agreed to swap a triangular portion of their
property needed for right of way in exchange for the vacated portion of right of way. After the right of
way is vacated, the vacated land will attach to their property. Everett Industrial Building Corporation
will then dedicate a portion of their property as public right of way for East 9th Avenue via a subsequent
Certified Survey Map. The real property exchange agreement memorializes this exchange of property.
FISCAL IMPACT
Each party would agree that the consideration they are providing is materially similar to the
consideration they are receiving, therefore there is no fiscal impact.
RECOMMENDATION
The Common Council approves the property exchange agreement with Everett Industrial Building
Corporation for the properties located at East 9th Avenue as identified in the attached.
Respectfully Submitted, Approved:
Jason Pausma John Fitzpatrick
Economic Development Manager Assistant City Manager / Director of
Administrative Services