HomeMy WebLinkAbout02-289.docAUGUST 13, 2002 02-289 RESOLUTION
(CARRIED 6-0 LOST
LAID OVER WITHDRAWN .)
PURPOSE:
ESTABLISH FAIR MARKETVALUE;AUTHORIZEPURCHASE/
12CHURCHAVENUE
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the Common Council has previously determined the necessity of
acquiring property to implement the previously approved 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:
12 Church Avenue; Tammie Coates, owner
Lot 51, Block 43, Leach's Map, 7th Ward,
Wisconsin (tax ID # 907-0030-0000)
City of Oshkosh, Winnebago County,
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 said property is
hereby established at FORTY-SEVEN THOUSAND FIVE HUNDRED AND NO/100
DOLLARS ($47,500.00).
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 CDBG/Central City Development.