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RDA Minutes 1 October 23, 2006 REDEVELOPMENT AUTHORITY of the City of Oshkosh MINUTES October 23, 2006 4:00 pm PRESENT: Thomas Belter, John Bermingham Jr., William Castle, , Robert Pung,
Archie Stam EXCUSED: Sheldon Lasky, Steve Hintz STAFF: Jackson Kinney, Executive Director/Director of Community Development; Darlene Brandt, Recording Secretary The meeting was called
to order at 4:00 pm by Chairman Pung. Consent Agenda Treasurer’s Report: None. Secretary’s Report: None Motion by Belter. Seconded by Castle. Motion carried by voice vote. Res. 06-23
Accept Akcess Acquisition Group/Cherokee Investment Partners Proposal; Authorize Preparation of Disposition Agreement – Marion Rd./Pearl Ave. Redevelopment Area Mr. Tim Rikkers, Akcess
Acquisition Group, stated they are looking forward to working in Oshkosh, but would like a 6 month time frame to meet with businesses and other interest groups to see what Oshkosh wants
and needs. Mr. Castle felt this was a workable approach. The only down side is if Donald Trump showed up, no consideration could be given to a proposal. Mr. Kinney noted we are approaching
November and development will slow down. If someone were interested in submitting a proposal now, it would take a few weeks/months to get the proposal together and submit it for review/consideration.
Also, if any interest is expressed, staff can have them contact Akcess. Mr. Bermingham stated he accepts the proposal to work with Akcess/Cherokee. What is a disposition agreement? Mr.
Kinney stated it would be like an option agreement which will allow Akcess/Cherokee to proceed. Akcess had requested the disposition agreement. Mr. Bermingham felt if Akcess brought
something forward that might offend the community, the RDA/City would be obligated to sell the property anyway. Mr. Rikkers stated it's his understanding they will still need RDA, Plan
Commission and Council approval on all development, as well as on the development agreement itself. Mr. Kinney noted that Council would approve the elements of the transactions through
a communication in the Manager's Report to Council.
RDA Minutes 2 October 23, 2006 Mr. Bermingham asked if it would make more sense to enter into an exclusive marketing agreement? He felt that is what they are looking for. Mr. Rikkers
stated, first, what would offend the City – an adult book store, or similar uses. These can be identified. Second, a provision can be included that the City can buy back the property
for $1 if we are not getting the results we anticipate, and the City can remarket the property. Mr. Rikkers stated he did not have a problem with that. Their group is not familiar with
Oshkosh's zoning regulations, and will require input from City staff as well as the RDA, and leaders and citizens of Oshkosh as to what you want in this area. Mr. Belter asked who the
agreement would be with? Mr. Rikkers stated they would form a yet to be determined LLC. Motion by Castle. Seconded by Stam. Motion carried 5-0. There being no further business, the meeting
adjourned at approximately 4:20 pm. Respectfully submitted Jackson Kinney Executive Director/Director of Community Development