HomeMy WebLinkAbout02-309.docAUGUST 27, 2002 02-309 RESOLUTION
(CARRIED 7-0 LOST
AS AMENDED
LAID OVER WITHDRAWN .)
PURPOSE:
APPROVE DEVELOPER AGREEMENT TERMS/HAZEL STREET
INITIATED BY: DEPARTMENT OF COMMUNITY DEVELOPMENT
BE IT RESOLVED by the Common Council of the City of Oshkosh that the
proper City officials are hereby authorized and directed to enter into a Developer
Agreement with a to be formed limited liability entity for the redevelopment of the old
Mercy Medical site on Hazel Street, in substantially the same terms as attached hereto,
and to carry out all actions necessary to implement the City's obligations under the
Developer Agreement.
AMENDMENT:
Amend Term Sheet for Developer Agreement by adding
to paragraph C the following requirement: Commence
construction by December 31, 2002 with substantial
completion by December 3~, 2007'.