HomeMy WebLinkAbout00-214.docMAY 23, 2000 00-214 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE:
ESTABLISH FAIR MARKET VALUE; AUTHORIZE PURCHASE OF
455 PEARL AVENUE
INITIATED BY: 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 Rd. and Pearl Ave. intersection; and
WHEREAS, the Common Council previously approved the Marion Rd./Pearl Ave.
Redevelopment Project Area, as amended, and
WHEREAS, a review appraisal has been made on the property to be acquired,
which is described below:
455 PEARL AVENUE; Advocap Inc., owner
E ½ of Lot 8, Block G, Western Add., 1st Ward, City of Oshkosh, Winnebago
County, Wisconsin. (Tax ID #901-0258-0000)
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 455 PEARL AVE.,
described above, is hereby established at FORTY-SIX THOUSAND AND NO/100
DOLLARS ($).
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.
539-1040-7208-00000 - TIF #13 Marion Rd./Pearl Ave. Redevelopment Project Area.