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REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH, WISCONSIN JUNE 15, 2011 11-04 RESOLUTION (CARRIED_______ LOST _______ LAID OVER _______ WITHDRAWN _______) PURPOSE: APPROVE DETERMINATION
OF NECESSITY; ESTABLISH FAIR MARKET VALUE; AUTHORIZE PURCHASE – 512/514 GRAND STREET WHEREAS, the Redevelopment Authority previously approved the Near East Neighborhood Redevelopment
Area Plan, 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: 512-514 Grand Street; Norman Bock, etal, owners Lot 31, Block 55, Fords Addition, 4th Ward, City of Oshkosh,
Winnebago County, Wisconsin. (tax #904-0463-0000) NOW, THEREFORE, BE IT RESOLVED by the Redevelopment 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 THIRTY THOUSAND SIX HUNDRED AND NO/100 ($30,600). Money for this purpose is hereby appropriated from Community Development Block Grant Central City 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.