HomeMy WebLinkAbout11-495
NOVEMBER 8, 2011 11-495 RESOLUTION
(CARRIED___7-0_____LOST________LAID OVER________WITHDRAWN________)
PURPOSE: APPROVE LAND PURCHASE AT 1508 SOUTH KOELLER
STREET FOR THE NATIONAL GUARD ARMORY AREA
STORMWATER DETENTION BASIN PROJECT
INITIATED BY: PUBLIC WORKS DEPARTMENT
WHEREAS, on November 23, 2010, by Resolution No. 10-364, the Common
Council previously approved a Relocation Order pursuant to Sections 62.22 and 32.05
of the Wisconsin Statutes declaring that it was in the public interest for the City of
Oshkosh to acquire a portion of 1508 South Koeller Street for stormwater detention in
the Campbell Creek Drainage Basin; and
WHEREAS, the parties have concluded negotiations that include these points of
agreement:
Purchase price $920,000
Real estate taxes shall be prorated through closing
NOW, THEREFORE BE IT RESOLVED by the Common Council of the City of
Oshkosh that the proper City officials are authorized and directed to purchase a portion
of 1508 South Koeller Street as outlined above, and to execute all documents
necessary for purpose of same.
Money for this purpose is appropriated from:
Acct. No. 561-2010-1799-00000 – Stormwater Utility - Construction Work in Progress
CITY HALL
215 Church Avenue
P.O.Box 1130
Oshkosh,Wisconsin 0
54903-1130 City of Oshkosh
OIHKOIH
TO: Honorable Mayor and Members of the Common Council
FROM: David C. Patek, Director of Public Works
DATE: November 3, 2011
RE: Approve Land Purchase at 1508 South Koeller Street for the National Guard Armory Area Storm
Water Detention Basin
BACKGROUND
On November 23, 2010, the Common Council approved a relocation order relating to the purchase of
property located immediately east of the new Best Buy Store. This area is a portion of the former Menard's
Store Complex. The City has officially mapped this property for construction of a storm water detention
basin.
ANALYSIS
Our right-of-way consultant has had discussions with the property owner. It has been determined that 8.34
acres (from a total parcel area of approximately 18.58 acres) is required for this storm water management
facility. The property owner (2323 East Capital LLC) has agreed to sell the property for $920,000. The
following information pertains to this property acquisition:
Initial Offer Owner Request Agreed Upon Price
$910,000 $920,000 $920,000
FISCAL IMPACT
Funding for this acquisition is included in the "Storm Sewer Section" of the Capital Improvement Program.
RECOMMENDATION
I recommend approval of the land purchase.
Respectfully Submitted, Approved,
David C. Patek Mark A. Rohloff
Director of Public Works City Manager
DCP!Ut
H:\tracyt\Tracy's Files\Memos to Mayor&Common Counci112011\12-01 Approve Land Purch-1508 S Koeller-Armory Area SW Det Basin_11-3-11.doc
+h
y�