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REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH, WISCONSIN MAY 18, 2011 11-03 RESOLUTION (CARRIED_______ LOST _______ LAID OVER _______ WITHDRAWN _______) PURPOSE: DETERMINATION OF NECESSITY;
ESTABLISH FAIR MARKET VALUE; AUTHORIZE PURCHASE – 139 WEST 6TH AVENUE /SOUTH SHORE REDEVELOPMENT AREA WHEREAS, the Redevelopment Authority previously approved the South Shore Redevelopment
Area, as amended; and WHEREAS, it is in the best interests of the citizens of the City of Oshkosh to acquire property within the boundaries of said Redevelopment Area to assist in the
elimination and prevention of blighting influences and promote urban renewal; and WHEREAS, the property and interest to be acquired includes land and buildings, if any, exclusive of
equipment and fixtures both movable and immovable, and is described as: 139 West 6th Avenue; Associated Bank, owner Lot 3, Block 5, Plat of Original 3rd Ward, 3rd Ward, City of Oshkosh,
Winnebago County, Wisconsin. (tax #903-0013-0000) NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Authority of the City of Oshkosh that the Authority certifies that in order for
said purpose to be accomplished, it is necessary for the property described above to be acquired. It is further determined by the Authority that acquisition of said property is hereby
determined necessary pursuant to the provisions of Chapters 32 and 66 of the Wisconsin Statutes. BE IT FURTHER RESOLVED that the value of the property to be acquired, as described above,
is hereby established at TWENTY-FIVE THOUSAND AND NO/100 ($25,000.00). Money for this purpose is hereby appropriated from City South Shore Capital Improvement Program funds. BE IT FURTHER
RESOLVED that the proper Redevelopment Authority officials are authorized and directed to purchase said property and execute all documents necessary to consummate this transaction.