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REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH, WISCONSIN
MAY 21, 2008 08-07 RESOLUTION
(CARRIED_______ LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE: AUTHORIZE TRANSFER OF FUNDS TO CITY FOR
ACQUISITION OF CHAMBER BUILDING
WHEREAS, the Redevelopment Authority and the City of Oshkosh have
approved several redevelopment project plans for the continued improvement and
redevelopment of the riverfront and downtown areas and have implemented said plans
with significant improvements to the downtown/central city area; and
WHEREAS, the Chamber of Commerce has approached the City regarding
acquiring their building at 120 Jackson Street and adjacent parking lot; and
WHEREAS, to improve traffic circulation into and around the downtown, as well
as improve pedestrian safety, it is necessary and reasonable for the City of Oshkosh to
acquire the Chamber of Commerce building and adjacent surface parking lot in order to
achieve important community planning objectives reflected in the Comprehensive Plan,
Downtown Action Plan, the Marion Road/Pearl Avenue Redevelopment Project Plan
and Tax Increment Financing District Plans for the area; and
WHEREAS, funds to assist the City with said acquisition are available in the
Authority's escrow fund.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Authority of the
City of Oshkosh that the Authority hereby encourages the City of Oshkosh to acquire
the Chamber of Commerce building and adjacent parking lot to accomplish important
community objectives.
BE IT FURTHER RESOLVED that the Authority hereby approves transferring an
amount not to exceed $450,000.00 from the Authority's escrow fund to the City for
acquisition of the Chamber building and adjacent parking lot.