HomeMy WebLinkAbout03-443.docOCTOBER 28, 2003 03-443 RESOLUTION
(CARRIED 7-0 LOST
LAID OVER WITHDRAWN )
PURPOSE:
ESTABLISH FAIR MARKET VALUE; AUTHORIZE PURCHASE -
PORTION OF 525 N. MAIN STREET
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the Common Council of the City of Oshkosh has previously
determined the necessity of acquiring property for construction of a public parking lot
along the west side of the 500 Block of N. Main Street and
WHEREAS, a review appraisal has been made on the property to be acquired,
which is described in the attached "Exhibit A"; and
WHEREAS, the property and interest to be acquired includes land and buildings,
if any, exclusive of equipment and fixtures both movable and immovable.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the Common Council certifies the review appraisal has been performed in
a competent manner according to applicable State and Federal laws, policies and
requirements.
BE IT FURTHER RESOLVED that the fair market value for a portion of 525 N.
Main Street is hereby established at EIGHTEEN THOUSAND EIGHT HUNDRED AND
NO/100 DOLLARS ($18,800.00).
BE IT FURTHER RESOLVED that the proper City officials are hereby authorized
and directed to acquire said property and execute all documents necessary to
consummate this transaction. Money for this purpose is appropriated from Account No.
537-1040-7208-00000 - TIF #12 Division Street.
"EXHIBIT A"
PORTION OF 525 N. MAIN STREET
THAT PART OF LOTS 5, 6, 28 AND 29 IN HENNING'S PLAT OF LOT 2, BLOCK 43 PER
LEACH'S MAP OF 1894, IN THE 7TH WARD, CITY OF OSHKOSH, WINNEBAGO COUNTY,
WISCONSIN, BOUNDED AND DESCRIBED AS FOLLOWS: COMMENCING AT THE S.W.
CORNER OF LOT 25 IN SAID SUBDIVISION, THENCE NORTH 00°00'00'' WEST ALONG THE
WEST LINE OF SAID SUBDIVISION (AND THE EAST LINE OF DIVISION STREET) 123.00
FT., THENCE NORTH 89o55'39'' EAST ALONG THE NORTH LINE OF LOT 29 SUBDIVISION
33.93 FT. TO THE POINT OF BEGINNING OF THE PARCEL TO BE DESCRIBED, THENCE
CONTINUING NORTH 89o55'39'' EAST 41.06 FT., THENCE SOUTH 00o15'59'' WEST ALONG
THE WEST FACE OF A MASONRY WALL 0.43 FT., THENCE SOUTH 89°44'01'' EAST
ALONG THE SOUTH FACE OF A MASONRY WALL 54.50 FT., THENCE SOUTH 00°14'31''
EAST 39.20 FT., THENCE SOUTH 89°54'16'' WEST ALONG THE SOUTH LINE OF THE
NORTH 10.00 FT. OF LOT 5 IN SAID SUBDIVISION 42.15 FT., THENCE SOUTH 89°42'51''
WEST ALONG THE SOUTH LINE OF THE NORTH 10.00 FT. OF SAID LOT 28 AFORESAID
49.31 FT., THENCE NORTHWESTERLY 40.37 FT. ALONG THE ARC OF A CURVE WHOSE
CENTER LIES TO THE WEST WHOSE RADIUS IS 1288.11 FT. AND WHOSE CHORD
BEARS NORTH 06o03'30'' WEST 40.37 FT. TO THE POINT OF BEGINNING. SAID PARCEL
CONTAINS 3,705 SQUARE FEET.
Of HKO/H
City of Oshkosh
Community Development
Property Acq uisJtion
525 N. Main Street
20 0 20 40 60 80 100 Feet
10-23-2003
Scale: 1" = 60'