HomeMy WebLinkAbout00-188.docMAY 9, 2000 00-188 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE:
INITIATED BY:
ESTABLISH FAIR MARKET VALUE; AUTHORIZE PURCHASE/
469 PEARL AVENUE
CITY ADMINISTRATION
WHEREAS, the Common Council of the City of Oshkosh has previously
determined the necessity of acquiring property to improve traffic safety at the proposed
Warren Road and Pearl Avenue intersection; and
WHEREAS, the Common Council previously approved the Marion Road/Pearl
Avenue Redevelopment Project Area, as amended, and
WHEREAS, a review appraisal has been made on the property to be acquired,
which is described below:
469 PEARL AVENUE; Roy Jorgensen, owner
Lot 6, Block G, Western Add., 1st Ward, City of Oshkosh, Winnebago County,
Wisconsin. (Tax ID #901-0255-0000)
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 469 PEARL
AVENUE, described above, is hereby established at SIXTY-EIGHT THOUSAND EIGHT
HUNDRED AND NO/100 DOLLARS ($68,800.00).
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:
Acct. No. 539-1040-7208-00000 - TIF #13 Marion Road/Pearl Avenue
Redevelopment Project Area.