HomeMy WebLinkAbout01-30.docJANUARY 23, 2001 01-30 RESOLUTION
(CARRIED 6-0 LOST
LAID OVER WITHDRAWN .)
PURPOSE:
INITIATED BY:
ESTABLISH FAIR MARKET VALUE; AUTHORIZE PURCHASE/
422 MARION ROAD
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 property to be acquired,
which is described below:
422 MARION ROAD; Zion Ev. Lutheran Church, owner
Lots 6, 7 8 and part of Lot 5, Libbey's Replat, and a part of vacated Bell Street; now
known as Lot 1 of CSM #2481 as recorded in Doc. No. 789035, Register of Deeds, 1st
Ward, City of Oshkosh, Winnebago County, Wisconsin. (Tax ID #901-0201-0000)
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 422 MARION ROAD
is hereby established at FOUR HUNDRED EIGHTY THOUSAND AND NO/100
DOLLARS ($480,000.00).
JANUARY 23, 2001
01-30 RESOLUTION
CONT'D
BE IT FURTHER RESOLVED that the proper City officials are hereby authorized
and directed to acquire said property and to execute all documents necessary to
consummate this transaction. Money for this purpose is appropriated from:
Account No. 539-1040-7208-00000 TIF 13 Marion Road/Pearl Avenue
Redevelopment