HomeMy WebLinkAbout01-451.docNOVEMBER 27, 2001 01-451 RESOLUTION
(CARRIED 5-2 LOST LAID OVER
WITH DRAWN
PURPOSE:
INITIATED BY:
DETERMINATION OF NECESSITY TO ACQUIRE PROPERTY;
ESTABLISH FAIR MARKET VALUE; AUTHORIZE PURCHASE/
460 N. MAIN STREET
DEPARTMENT OF COMMUNITY DEVELOPMENT
WHEREAS, the Common Council previously approved the N. Main Street
Redevelopment Project Area, as amended, and Modification #3 which incorporated the
property at 460 N. Main Street within the boundaries of said redevelopment area; and
WHEREAS, it is in the best interests of the citizens of the City of Oshkosh to
acquire said property to implement the previously approved redevelopment plan for the
N. Main Street Redevelopment Project Area, as amended; and
WHEREAS, a review appraisal has been made on the property to be acquired,
which is described below:
460 N. Main Street; Louis Thoma Estate
All of Lots 29 & 14, Block 40, Leachs Map, 4th Ward, City of Oshkosh, Winnebago
County, Wisconsin. (tax ID #904-0094-0000)
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 460 N. Main Street is
hereby established at NINETY THOUSAND AND NO/100 DOLLARS ($90,000.00).
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:
Acct. No. 303-0740-7208-15117 Central City Redevelopment/CDBG.