HomeMy WebLinkAbout00-296.docJULY 25, 2000 00-296 RESOLUTION
(CARRIED 6-0 LOST
LAID OVER WITHDRAWN )
PURPOSE:
INITIATED BY:
ESTABLISH FAIR MARKET VALUES; AUTHORIZE PURCHASES:
(A) 107 IDA AVENUE; (B) 465 PEARL AVENUE
CITY ADMINISTRATION
WHEREAS, the Common Council of the City of Oshkosh has previously
determined the necessity of acquiring property to implement the previously approved
redevelopment plan for the Division Street/N. Main Street Redevelopment Project Area;
and
WHEREAS, the Common Council has previously determined the necessity of
acquiring property to implement the previously approved Marion Rd./Pearl Ave.
Redevelopment Project Area, as amended, and
WHEREAS, a review appraisal has been made on the properties to be acquired,
which are described below:
107 Ida Avenue
Tri-Star Investments, Inc., owner
W 43 ft. of Lot 36, Block 45, VVW Wrights Sub of Part of Block 45 & F,
7th Ward, City of Oshkosh, Winnebago County, Wisconsin.
(Tax ID #907-0393-0000)
465 Pearl Avenue
Michael Mokler, etal, owners
Lot 7, Block G, Western Add., 1st Ward, City of Oshkosh, Winnebago
County, Wisconsin. (Tax ID #901-0256-0000)
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.
JULY 25, 2000
00-296 RESOLUTION
CONT'D
BE IT FURTHER RESOLVED that the fair market value for 107 Ida Avenue
described above is hereby established at FORTY-EIGHT THOUSAND AND NO/100
DOLLARS ($48,000.00).
BE IT FURTHER RESOLVED that the fair market value for 465 Pearl Avenue
described above is hereby established at SIXTY-ONE THOUSAND AND NO/100
DOLLARS ($61,000.00).
BE IT FURTHER RESOLVED that the proper City officials are hereby authorized
and directed to acquire said properties and execute all documents necessary to
consummate this transaction. Money for this purpose is appropriated from:
Account #303-0740-7208-15026 CDBG/Division Street Redevelopment
Account #539-1040-7208-00000 TIF 13 Marion Road/Pearl Avenue
Redevelopment