HomeMy WebLinkAbout01-101.docFEBRUARY 27, 2001 01-101 RESOLUTION
(CARRIED 7-0 LOST LAID OVER WITHDRAWN .)
PURPOSE:
INITIATED BY:
ESTABLISH FAIR MARKET VALUE; AUTHORIZE PURCHASE/
111 JACKSON STREET
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:
111 Jackson Street; David Fiss, owner
Part of Libbey's Replat as described in Vol. 670, page 147, Register of Deeds, City of
Oshkosh, Winnebago County, Wisconsin. (Tax ID #901-0203-0000)
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 111 JACKSON
STREET is hereby established at NINETY THOUSAND AND NO/100 DOLLARS
($9O,OOO.OO).
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.