HomeMy WebLinkAbout08-189MAY 27, 2008 08 -189 RESOLUTION
(CARRIED LOST 3 -4 LAID OVER WITHDRAWN )
PURPOSE: DETERMINATION OF NECESSITY TO ACQUIRE PROPERTY;
ESTABLISH FAIR MARKET VALUE; AUTHORIZE PURCHASE,
ACCEPT FUNDS / 120 JACKSON STREET
INITIATED BY: MAYOR FRANK TOWER
WHEREAS, the City of Oshkosh has approved of several redevelopment project
plans for the continued improvement and redevelopment of the riverfront and downtown
areas, and has implemented these plans with significant improvements to the downtown
and riverfront area; and
WHEREAS, it is in the best interests of the citizens of the City of Oshkosh to
acquire property to improve traffic circulation into and around the downtown, as well as
improve pedestrian safety; and
WHEREAS, the properties to be acquired are described as follows:
Lot adjacent to 120 Jackson Street; Oshkosh Chamber, owner
All of Lots 9 and 18 and that part of Lots 7, 8, 16 and 17 lying northerly of a line
running southeasterly from the northwest corner of Lot 17 to the most easterly
corner of Lot 8 in Doc. No. 978627, Register of Deeds, all in Fletcher & Strong's
Subdivision, 1st Ward, City of Oshkosh, Winnebago County, Wisconsin. (tax
#901 - 0191 -0100)
120 Jackson Street; City of Oshkosh & Oshkosh Chamber, owners
That part of Block 18 lying southerly of a line running southeasterly from the
northwest corner of Lot 17 to the most easterly corner of Lot 8, Block 18, all in
Fletcher and Strong's Subdivision, 1st Ward, City of Oshkosh, Winnebago
County, Wisconsin. (tax #901 - 0186 -0000)
and
WHEREAS, the property and interest to be acquired includes land and buildings,
if any, exclusive of equipment and fixtures both movable and immovable.
MAY 27, 2008
08 -189 RESOLUTION
CONT'D
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the Common Council certifies that in order for said purpose to be
accomplished, it is necessary for the City to acquire the properties described above. It
is further determined by the Common Council that acquisition of said properties is
hereby determined necessary pursuant to the provisions of Section 32.05, Section
32.07, Section 66.1331 and Section 66.1105 of the Wisconsin Statutes.
BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh
that the Common Council certifies the review appraisal has been performed in a
competent manner according to applicable State and Federal laws, policies and
requirements.
BE IT FURTHER RESOLVED that the combined fair market value for 120
Jackson Street and the adjacent lot is hereby established at FIVE HUNDRED FIFTY
THOUSAND AND NO /100 DOLLARS ($550,000.00).
BE IT FURTHER RESOLVED that the City hereby accepts an amount not to
exceed FOUR HUNDRED FIFTY THOUSAND AND NO /100 ($450,000.00) from the
Redevelopment Authority's escrow fund to be used for acquisition related costs.
BE IT FURTHER RESOLVED that the proper City officials are hereby authorized
and directed to acquire said property and to execute all documents necessary to
consummate this transaction. Money for this purpose is appropriated from Account No.
539 - 1040 - 7208 -00000 TIF #13 — Land.
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DISCLAIMER
LAN DACC�U[SI T•I ON
This map is neither a legally recorded map nor
a survey and it Is not intended to be used as one. .
CHAM B,U I L D I N G
Q,f HK01H
This drawing Is a compilation of records, data
and Information located In various city county
JAC KS O.N ST.
oa ing water '
and state offices and other sources affectin
.120
Cit of Oshkosh
the area shown and It Is to be used for reference
purposes only. The City.cf Oshkosh Is not re- '
Department of
sponsible for any inaccuracies herein contained
lfdisempenciesam found, please contact the
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Community Development
City of Oshkosh.
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06/25!07
Created by - dit•
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DISCLAIMER
LAN DACC�U[SI T•I ON
This map is neither a legally recorded map nor
a survey and it Is not intended to be used as one. .
CHAM B,U I L D I N G
Q,f HK01H
This drawing Is a compilation of records, data
and Information located In various city county
JAC KS O.N ST.
oa ing water '
and state offices and other sources affectin
.120
Cit of Oshkosh
the area shown and It Is to be used for reference
purposes only. The City.cf Oshkosh Is not re- '
Department of
sponsible for any inaccuracies herein contained
lfdisempenciesam found, please contact the
t 00i .
SCale. 1 `t ^
Community Development
City of Oshkosh.
.
t
06/25!07
Created by - dit•
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