HomeMy WebLinkAbout07-03
JANUARY 9,2007
07 -03
RESOLUTION
(CARRIED 6-1 P
LOST
LAID OVER
WITHDRAWN
PURPOSE:
APPROVE PROJECT REPORT FOR DISPOSITION OF
VACANT PROPERTY AT 223 MERRITT AVENUE
INITIATED BY:
DEPARTMENT OF COMMUNITY DEVELOPMENT;
REDEVELOPMENT AUTHORITY
BE IT RESOLVED by the Common Council of the City of Oshkosh that the
attached Project Report on the disposition of the vacant lot at 223 Merritt Avenue by the
Redevelopment Authority of the City of Oshkosh is hereby approved, and the proper
City officials are hereby authorized and directed to carry out all actions necessary to
implement the City's obligations to consummate this transaction.
Project Report On
Disposition of lot at 223 Merritt
Near East Neighborhood
City of Oshkosh Redevelopment Authority
January 2007
This Proj ect Report covers the essential elements of the private redevelopment of a vacant parcel
ofland at 223 Merritt Avenue in the Near East Neighborhood. Michael and Debbie Atkinson, in
partnership with Winnebago County Department of Social Services, Options for Independent
Living will construct an affordable, handicapped accessible neotraditional designed single family
home as part of the Near East Neighborhood improvement strategy. The Atkinsons will own and
occupy the home. Both the County and Options are providing significant financial support for
the project and a local lender is providing favorable financing. However, in order to make the
project affordable, the Redevelopment Authority will need to sell the lot for $1.00.
The lot is in the Near East Neighborhood improvement area. The Near East Plan
identifies a number of activities that will be undertaken to improve housing and general
physical neighborhood conditions as well as to support positive neighborhood activities
and address crime and behaviors that can have a negative impact on living conditions.
Among the identified activities are spot blight removal and appropriate infill
development.
Earlier this year, the Common Council and Redevelopment Authority authorized the
purchase of this property, which contained a blighted three-unit rental property. The site
has subsequently been cleared and is ready for disposition. Construction on this project
is scheduled.to begin this spring.
In considering redevelopment options for this lot, the following issues were taken into
consideration:
. As the population ages and health care improves (improving survival rates for accident
and disease victims), more people are seeking handicap accessible features for their
homes
. There are few if no new affordable single family owner occupied housing options in this
market that function effectively for people with mobility limitations and limited incomes
. There is not a good local understanding of appropriate accessibility design and
construction on the part of contractors and developers
. There are few examples of well designed neotraditional infill residential units in this
market
The project will address each of these issues.
Based on the information currently available on the proposed new construction, the Assessors
Office estimates the property will have a taxable value of about $125,000 when completed,
which would be $75,000 more than the assessed value of the property prior to acquisition by the
RDA.
This transaction is in compliance with applicable regulations under the CDBG program, which
was the funding source for the acquisition of the property.
Project Report - 223 Merritt Disposition
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DISCLAIMER
This map is neither a legally recorded map nor
a su.rvey an.d It.is not intended to be used as one.
This. drawm~ IS a compilation of records, data
and mformatlon located in various city;county
and state offices and other sources affecting
the area shown and It is to be used for reference
purposes only. The City of Oshkosh is not re-
sponsible for any inaccuracies herein contained
If discrepencies are found, please contact the .
City of Oshkosh.
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SUBJECT
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OJHKOJH
LAND DISPOSITION
223 MERRITT AVE
Scale: 111 = 100'
ON THE WATER
City of Oshkosh
Department of
Community Development
12/14/06