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JULY 25, 2006 06-241 RESOLUTION
(CARRIED__7-0___LOST_______LAID OVER_______WITHDRAWN_______)
PURPOSE:AUTHORIZE BORROWING / SOUTHWEST INDUSTRIAL
PARK LAND PURCHASE
INITIATED BY:CITY ADMINISTRATION
WHEREAS, the City of Oshkosh has reached an agreement to purchase land to
add to the Southwest Industrial Park, known as a portion of the Beck Farm, as part of
the Industrial Park development; and
WHEREAS, money is available from the State Public Land Trust Fund and the
Fund’s regulations require an authorizing resolution before the proper city officials can
proceed with the loan process, subject to final Council approval;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the proper City officials are authorized and directed to apply to the State
Public Land Trust Fund, seeking to borrow a sum of up to Four Hundred Fifty Thousand
and NO/100 Dollars ($450,000) for the purpose of acquiring the Beck property for the
Southwest Industrial Park, and to execute any and all documents necessary for
purposes of same.