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Home My WebLink AboutVIIIPLAN COMMISSION STAFF REPORT OCTOBER 21, 2008 ITEM VIII: AUTHORIZATION TO ACQUIRE AND DISPOSE OF PROPERTY AT 1241 JACKSON STREET GENERAL INFORMATION Applicant: City Administration Property Owner: Secretary of Housing and Urban Development Action(s) Requested: Acquisition of the vacant single family home at 1241 Jackson Street and subsequent disposition to a non-profit for rehabilitation and subsequent disposition. Subject. Site - ___ --- Existin~ Land Use Zonin ---- Single Family Residential R-2 Adjacent Land Use and Zoning Existin Uses T Zanin North Single Famil R-2 South Two Family R-2 East Single Family R-2 West Multiple-Famil R-2 Coco Frehensive Plan Land Use Recommendation. Land Use 10 Year Land Use Recommendation Residential 20 Year Land Use Recommendation Residential APPLICABLE ORDINANCE PROVISIONS: N/A. PROPERTY LOCATION AND BACKGROUND INFORMATION: The subject property is a 6,500 square foot lot containing a vacant 1,300 square foot two-story home and a one and one half-stall garage. The home has four bedrooms and one and one half baths. The property was foreclosed upon by the Secretary of Housing and Urban Development (HUD) on July 24, 2007 with $82,400 owed on the home and property. The current Assessed Value of the property is $101,700. In September, the City became aware that the Secretary of Housing and Urban Development (HUD) had made this property available for purchase by the City for $1 through the HUD Dollar Home Initiative, a program available only to local governments. The program does not permit HUD to sell the property directly to anon-profit. Under the program, HUD makes a foreclosed property available to a local government after the property has been on the market for six months. City staff has inspected the property and concluded that the home is in need of significant rehabilitation, but that the cost of said rehabilitation and disposition thereafter is feasible and good for the neighborhood. ANALYSIS Staff is proposing to have the house rehabilitated and sold to anowner-occupant. Upon identification and partnership with anon-profit to work on this project, the subject property is anticipated to have a spring 2009 construction start. In terms of the property itself, the poor market response to this home sale in the past year and a half is an indication, in part, of the fact that it is not likely to be purchased without intervention. The overall condition of the property is a further disincentive to private purchase. Having the property repaired and occupied will have a positive impact on the surrounding property. As stated above, the current assessed value of the property is $101,700. Current values of single- family homes on this block range from $90,000 to $160,000. With rehabilitation, this home will be livable and consistent in design, size and value of other homes within the area. RECOMMENDATION/CONDITIONS Staff recommends the City purchase this property from the Secretary of Housing and Urban Development for $1 and the transfer of the property to a yet to be determined non-profit with the condition that the existing single family home be rehabilitated in 2009 and sold to an owner-occupant. The rehabilitation work shall be designed to be compatible in appearance with existing homes in the area subject to approval by the Community Development Department. Item VIII -Land Acquisition/Disposition 1241 Jackson Street 1241 Jackson Street 3 LAND ACQUISITION 1241 JACKSON ST. PC: 10-21-08 BILLSTROM CHRISTOPHER/SUE 1240 JACKSON ST OSHKOSH WI 54901 3752 ROSENBERG MICHAEL J 1244 JACKSON ST OSHKOSH WI 54901 3752 SECRETARY OF HUD 501 MARQUETTE AVE 1200 MINNEAPOLIS MN 55402 RE 1241 JACKSON ST BGL INVESTMENTS LLC 7323 WELLAUER DR MILWAUKEE WI 53213 RE 1236/1299 TITAN CT PATERSON ELIZABETH 1237 JACKSON ST OSHKOSH WI 54901 3751 EKVALL ALLAN T 1247 JACKSON ST OSHKOSH WI 54901 3751 STEINEKE HAROLD R 1236 JACKSON ST OSHKOSH WI 54901 3752 4 ' ~ ' 130.0' ~ ~/ 0,0 122.0' 155.0 r ~ ~ I N c- o o ~ L~ -- 'N ~ ~~ i i ~~ ~ ~, o 55.0' , Cfl N i O i l T O O i i i i r -- 1 ~ i 1 ` 155.0' 'iM i ~ ! , N ~ ~, 103.5' b o ~ '', N ~- i N ~- ~I ~ i I ~: 155.0' --- I' ~ N ~ ~ , __ , x:.:~,YFy -xxun Y ~~ ~: 'i N ~ i ,;,~^x k > , 1 ' ~ ~~ ~ .K ,~. ;.~ ~. ~ _ ~ 155.0' it ~ ^ C~ N ~ M ` ~ ~ ~ 0 N N / ~~ ', 0 ~ - 155.0' M N ~ i M N o ~ 94.8~~ ~ .. ' Cfl ~ ~~ ~~ ~ o 155.0 - ~ N N ji N ~ o ~- l 0 m o 155.0' ~ N N - ~ , , r ~ ~ - 20' ~ 135.0' I-~ ~ ~~ N DISCLAIMER This map is neither a legally recorded map nor a survey and it is not Intended to be used as one. This drawing is a compllatlon of records, data it t i LA N D 1241 AC Q U I S I T I O N JACKSON ST ~T 1V .l HK l H and information located In var ous c y, coun y 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. ox nee wnrEa City of Oshkosh Department of If discrepencies are found, please contact the City of Oshkosh. Scale: 1 " = 6~' Community Development Created by - dff 10/13/08 5 A t. 00 800 L.~ ~~~,SJ'C7J f~J~r ~ ~ ~ {T;,~ N~ E ~~~nr AVE. 0 0 E- Cn DISCLAIMER This map is neither a legally recorded map nor a survey and it is not Intended to be used as one. This drawing is a compilation of records, data and information 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- sponsiblefor any inaccuracies herein contained. If discrepancies are found, please contact the City of Oshkosh. Created by - dff LAND ACQUISITION 1241 JACKSON ST Scale: 1" = 600' 10/13/08 ~i~~ SUBJECT SITE 1- N JHK lH ON THE WATEP City of Oshkosh Department of Community Development s ~t r ~ cs = y ~` ~ ,t -~ ,:_~.- ;~ ~~.. .. ~ J ~ .r. ,i ,,~~ ~r~ - ~3~ ~F _ .rt ~~ _ tiF ~ ~\ DISCLAIMER This map is neither a legally recorded map nor a survey and it Is not intended to be used as one. This drawing Is a compilation of records, data and Information 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- sponsiblefor any inaccuracies herein contained. If discrepancies are found, please contact the City of Oshkosh. Created by - dff LAND ACQUISITION 1241 JAC~CSON ST Scale: 1" = 60' .i :.I ~... k, ~ ~ ~~ f c ~ y ~ ~ t N ~ ~ F ~ '' ~;~i `t.; r 4 _ - & Utz ~~ 4 €'~'7', _n~ f _`~~_~ __.~~_ t ~'s s ~.~ ~~ r ~., i ~~~ ~ 1 i# ~ ~ _ ~ ~ [ 4 : ~ t ~, r - 1 M. _ ~~ ~ SUBJECT SITE ~_ _ s -, ~ ~_. ~. - ~; T 3" ~~: ~~~ ;; -~ # ~ ~{ t ~i y ~~ ,~~ * ~ ;~ ~_ ~, -~ 1- F Y ~~ y ~~ 333} X'.. ~ _ _ 1 ; _Y ~' t ,~ { ip ~ ~ w ]~ 1 y`~ ~ ,j~_k Z E` fi ' ~ I } ? 4 } `~ ., `i~ y t7.,, Y O N .1HK 1H ON THE WATER City of Oshkosh Department of Community Development 10/13/08 7