HomeMy WebLinkAbout08. 13-308
JUNE 25, 2013 13-308 RESOLUTION
(CARRIED__6-0____LOST______LAID OVER______WITHDRAWN______)
PURPOSE: APPROVE DETERMINATION OF NECESSITY TO ACQUIRE
PROPERTY AT 113 WEST 8TH AVENUE; AUTHORIZE
REDEVELOPMENT AUTHORITY TO ACQUIRE PROPERTY
IN THE AMOUNT OF $31,750
INITIATED BY: COMMUNITY DEVELOPMENT
REDEVELOPMENT AUTHORITY RECOMMENDATION: approved
WHEREAS, the Redevelopment Authority and Common Council previously
approved the South Shore Redevelopment Project Area; and
WHEREAS, it is in the best interests of the citizens of the City of Oshkosh to
acquire property to improve residential neighborhoods and eliminate blighting conditions
within said Redevelopment Area; and
WHEREAS, the property is currently vacant and the owner of 113 West 8th
Avenue is willing to sell the property to the Redevelopment Authority; and
WHEREAS, the Redevelopment Authority approved acquiring said property for
$31,750 at its June 19, 2013 meeting.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the Common Council certifies it is necessary for the Redevelopment
Authority to acquire the property at 113 West 8th Avenue pursuant to the provisions of
Chapter 66 of the Wisconsin Statutes.
BE IT FURTHER RESOLVED that the proper Redevelopment Authority officials
are authorized and directed to purchase said property for $31,750 and execute all
documents necessary to consummate this transaction. Money for this purpose is
hereby appropriated from Acct. No. 534-1040-7208-00000 TIF #20 Fund – Land
Purchase.
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oN THE WAS
TO: Honorable Mayor and Members of the Common Council
FROM: Allen Davis, Community Development Director
DATE: June 20, 2013
SUBJECT: Approve Determination of Necessity to Acquire Property; Authorize RDA to
Acquire Property at 113 West 8th Avenue
BACKGROUND/ANALYSIS
The owner of the property at 113 West 8th Avenue approached the City regarding possible
purchase of this property. The property was used as a single family rental and is currently
vacant due to a fire earlier this year. The property is located within the South Shore
Redevelopment Area in a block the RDA has already acquired several parcels. The lot would
be held until additional lands are assembled for a future redevelopment site. The owner's
offer appears to be a good offer for the City.
FISCAL IMPACT
The proposed purchase price is $31,750. The property is currently assessed at $63,500.
Since the owner approached the City, there would be no relocation costs, nor requirement for
appraisals.
TIF #20 South Shore Redevelopment funds will be used for acquisition and demolition related
costs.
RECOMMENDATION
The RDA approved of the acqusition. Council is being asked to authorize the RDA to acquire
the property for $31,750.
Approved,
City Manager
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