HomeMy WebLinkAbout02-155.docMAY 14, 2002 02-155 RESOLUTION
(CARRIED 5-0 LOST LAID OVER WITHDRAWN )
PURPOSE:
INITIATED BY:
APPROVE ASSIGNMENT OF TIF OBLIGATIONS/404 N. MAIN
STREET
CITY ADMINISTRATION
WHEREAS, the City of Oshkosh previously entered into an agreement with G.
Group, Inc., concerning payments toward TIF #10, Main Street and Washington
Redevelopment Project Area, for a short-term parking facility behind 316 N. Main Street;
and,
WHEREAS, the company made its required improvements and is current with its
contributions to the TIF district, and requests that any remaining obligations and
benefits to the agreement be assigned to the proposed new owners, Fox River
Development Co., LLC;
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Oshkosh that the City consents to the assignment of the September 30, 1993,
agreement with G Group, Inc., to Fox River Development Co., LLC, and further
authorizes and directs the proper city officials to execute any documents necessary to
accommodate this assignment.