HomeMy WebLinkAbout501.docDECEMBER 27, 2000 00-501 RESOLUTION
(CARRIED 6-0 LOST
LAID OVER WITHDRAWN .)
PURPOSE:
INITIATED BY:
ESTABLISH FAIR MARKET VALUES; AUTHORIZE PURCHASES/
(A) 431 PEARL AVENUE (B) 441 PEARL AVENUE
CITY ADMINISTRATION
WHEREAS, the Common Council has previously determined the necessity of
acquiring property to implement the previously approved Marion Road/Pearl Avenue
Redevelopment Project Area, as amended, and
WHEREAS, a review appraisal has been made on the properties to be acquired,
which are described below:
431 PEARL AVENUE, Tri Star Investments, Inc., owner
Lot 12, Block G, Western Addn., 1st Ward, City of Oshkosh, Winnebago County, Wisconsin.
#901-0264-0000)
(ID
441 PEARL AVENUE, Tri Star Investments, Inc., owner
The Ely 12 ft of Lot 10, also Lot 11 excluding commencing at the NEly corner of Lot 11, thence
Wly along Pearl Ave 31 ft. 2 in., thence Sly 80 ft. 5 in. Ely at right angles 3 ft. 2 in., thence Sly 36
ft. 9 in. Ely on Sly lot line 28 ft. to SE corner of thence NEly to beginning, Block G, Western
Addn., 1st Ward, City of Oshkosh, Winnebago County, Wisconsin. (ID #901-0262-0000)
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 431 PEARL AVENUE
is hereby established at SIXTY-SIX THOUSAND AND NO/100 DOLLARS ($66,000.00).
BE IT FURTHER RESOLVED that the fair market value for 441 PEARL AVENUE
is hereby established at SEVENTY-FOUR THOUSAND AND NO/100 DOLLARS
($74,000.00)
BE IT FURTHER RESOLVED that the proper City officials are hereby authorized
and directed to acquire said properties and to execute all documents necessary to
consummate these transactions. Money for this purpose is appropriated from:
Account #539-1040-7208-00000 TIF 13 Marion Road/Pearl Avenue
Redevelopment