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RDA Minutes May 18, 2005 Page 1 CITY OF OSHKOSH REDEVELOPMENT AUTHORITY MINUTES May 18, 2005 4:00 PM PRESENT: John Bermingham Jr., William Castle, Steve Hintz, John Ruppenthal EXCUSED:
Tom Belter, Sheldon Lasky, Robert Pung STAFF: Jackson Kinney, Executive Director /Director of Community Development; Susan Kepplinger, Principal Planner; Darlene Brandt, Recording Secretary
The meeting was called to order at 4:00 pm by Chairman Ruppenthal. Approval of Consent Agenda Motion by Bermingham, seconded by Castle, to approve the Consent Agenda. Motion carried
by voice vote. 05-05 Determination of Necessity to Acquire Property /1 East 8th Avenue Mr. Kinney stated the RDA is being asked to approve the acquisition of 1 E. 8th Avenue, which property
encompasses the former Miles Kimball distribution facility on the east side of S. Main St., between E. 8th Ave. and E. 9th Avenue. Mr. Kinney noted the actual acquisition would not occur
for at least 3 years, but no later than 5 years. Chamco will purchase the property and lease the property to H&M Commercial. Chamco’s purchase is predicated on the City/RDA purchasing
the property after 3 years and no later than 5 years. Mr. Kinney noted this time frame would coincide with the RDA’s need for the property for redevelopment activities in the South Shore
Redevelopment Area. This will be a win-win situation for all involved and Chamco can work with their prospect which needs commercial/industrial space. Mr. Ruppenthal inquired will the
tenants leases expire in 3 years? Mr. Kinney replied the tenants could be out by the end of 2007. During that time, Chamco will work with the tenants to find suitable space. Motion by
Hintz to move Res. 05-05 to determine the necessity of acquiring the property at 1 East 8th Avenue. Seconded by Castle. Prior to the vote, Mr. Bermingham noted his firm represents one
or more of the tenants, but that would not affect his vote.Roll call was taken. Motion carried 4-0. 05-06 Option to Purchase /Parcel F – Marion Rd./Pearl Ave. Redevelopment Project Area
Ms. Kepplinger stated a 60 day option to purchase Parcel F in the Marion Rd./Pearl Ave. Redevelopment Project Area was received from Tri Star Living. She felt the proposal was consistent
with what is in the approved Redevelopment Guidelines and the project would be an excellent use for the site.
RDA Minutes May 18, 2005 Page 2 Mr. Kinney felt the 60 day option seemed reasonable to permit the preparation of a development plan. Once a development plan is submitted and accepted
by the RDA, the plan will still require Plan Commission and Common Council approval. Mr. Steve Hoopman of Tri Star Living, stated their proposal is to develop 8 or 12 one and two bedroom
townhouse style condos of about 1,200-1,300 sq. ft. with underground parking. Front porches possibly with screened areas are being considered. Looking at unique styles in traditional
townhouses. Mr. Ruppenthal inquired what will determine the number of units? Mr. Hoopman replied they need to look at the overall financial package, dimensions, layouts, etc. to see
what would best fit on the lot as well as meet a particular market. Also want to keep the cost affordable between $130,000 and $150,000. Motion by Castle to approve Res. 05-06 to accept
an option to purchase on Parcel F in the Marion Rd./Pearl Ave. Redevelopment Project Area. Seconded by Hintz. Motion carried 4-0. Motion by Bermingham that following the adjournment
of this meeting, the Redevelopment Authority convene into closed session in Room 404 at City Hall to discuss the status present and perspective for deliberating and negotiating a land
acquisition, South Shore Redevelopment Area, pursuant to Section 19.85(1)(e) of the Wisconsin Statutes. Seconded by Hintz. Carried by voice vote. A motion was made, seconded and unanimously
approved to adjourn. Meeting adjourned at approximately 4:20 pm. Respectfully submitted, Jackson R. Kinney Executive Director/Director of Community Development