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REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH, WISCONSIN
FEBRUARY 25, 2008 08-04 RESOLUTION
(CARRIED__6-0_____ LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE: DETERMINATION OF NECESSITY; ESTABLISH FAIR MARKET
VALUE; AUTHORIZE PURCHASE – 633 MT VERNON STREET
WHEREAS, the Redevelopment Authority previously approved the Near East
Neighborhood Redevelopment Area; and
WHEREAS, it is in the best interests of the citizens of the City of Oshkosh to
acquire property within the boundaries of said Redevelopment Area to assist in the
elimination and prevention of blighting influences and promote urban renewal; and
WHEREAS, the property and interest to be acquired includes land and buildings,
if any, exclusive of equipment and fixtures both movable and immovable, and is
described as:
633 Mt. Vernon Street, Secretary of Housing & Urban Development, owner
The N 5 ft. of the E ½ of Lot 5, Block C, Merritts Second Addition, and the E ½ of Lot 1,
Block 43, Leachs Map, all in the 4th Ward, City of Oshkosh, Winnebago County,
Wisconsin (tax #904-0251-0000)
and
WHEREAS, the property was foreclosed on by the Department of Housing and
Urban Development (HUD) and is being offered to the Redevelopment Authority.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Authority of the
City of Oshkosh that the Authority certifies that in order for said purpose to be
accomplished, it is necessary for the property described above to be acquired. It is
further determined by the Authority that acquisition of said property is hereby
determined necessary pursuant to the provisions of Chapters 32 and 66 of the
Wisconsin Statutes.
BE IT FURTHER RESOLVED that the value of the property to be acquired, as
described above, is hereby established at ONE DOLLAR AND NO/100 ($1.00). Money
for this purpose is appropriated from City Community Development Block Grant funds.
BE IT FURTHER RESOLVED that the proper Redevelopment Authority officials
are authorized and directed to purchase said property and execute all documents
necessary to consummate this transaction.