HomeMy WebLinkAboutDeveloper's Agr/Eichstadt Subdivision (1987) DEVELOPER 'S AGREEMENT � °/x7
FOR FINANCING IMPROVEMENTS
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THIS AGREEMENT is made pursuant to Section 66.60( 18) of the
Wisconsin Statutes providing for levying and assessing the cost of
various improvements to the property herein described .
WHEREAS, the Common Council of the City of Oshkosh approved
initial and final resolutions pursuant to Section 66.60 of the
Wisconsin Statutes upon execution and approval of a waiver,
executed by the undersigned , owner of property herein described , of
special assessment notices and hearing ; and
WHEREAS, the undersigned owner has heretofore agreed , in
consideration of installation of various improvements , to pay the
full cost of such improvements and related costs through special
assessment financing pursuant to Section 25-83 and 25-89 of the
Oshkosh Municipal Code upon certification by the City Engineer for
the City of Oshkosh that said improvements have been completed ; and
WHEREAS, the Common Council of the City of Oshkosh by resolu-
tion adopted May 21 , 1987 , authorized and directed the proper City offi-
cials to enter into En appropriate agreement with the undersigned
owner to provide for full payment by the undersigned owner of said
improvements and related costs;
NOW, THEREFORE, IT IS HEREBY AGREED to by and between the City
of Oshkosh, a municipal corporation located in Winnebago County,
Wisconsin ("CITY") and Harold J. Eichstadt and Marcella M. Eichstadt
("OWNER") , in reliance on the representation and covenants made
herein, as follows:
1 . Owner covenants and warrants that it is the owner of all
property described as follows :
(Fourteen parcels )
Lots 6 through 10 , 3rd Addn . to Eichstadt ' s Subdivision
Parcel 1 , Doc . 475490
Lots 7 through 12 , Blk . 4 , Eichstadt ' s Subdivision plus
north 1/2 vacated Columbia Avenue
Lots 3 and 4 , Bik . 5 , Eichstadt ' s Subdivision plus south 1/2
vacated Columbia Avenue
2. Owner has requested installation by City of various
improvements to said property described as follows :
Engineering services for sanitary sewer , water main & laterals
Grading & Graveling
Concrete Paving
Storm Sewer
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3. City , or its designee , shall cause such improvements to be
installed according to the plans and specifications of the City
Engineer .
4. Special assessments may be paid by Owner in cash , or in
installments pursuant to Section 25-83 and 25-89 of the Oshkosh
Municipal- Code in which case such deferred payments are to bear
interest at the rate of ten percent ( 10%) per annum on the unpaid
balance .
5. The attached exhibits , acknowledged by City and Owner as
being true and correct , are incorporated by reference as if fully
stated herein .
EXHIBIT "A" - Waiver of Special Assessment Notices and
Hearing under Section 66 . 60 , Wisconsin Statutes
(NOTE: In the event Owner desires to install a portion of the
various improvements on its own , as outlined in the above exhibits ,
Owner and City , having specific Common Council authority to do so ,
hereby affirm and mutually agree to such terms as contained in said
exhibits providing for developer-installed improvements . )
6. Owner, immediately upon voluntary divestiture of title to
any of the property heretofore described , shall fully pay the
outstanding assessments against the particular parcel subject to
divestiture. Divestiture shall mean the transfer of legal title
providing owner does not retain any lien or mortgage interest in
such parcel . In the event owner retains a lien or mortgage
interest in such parcel , the assessments shall be paid in full
within one ( 1) year from the date of sale. In the event owner
sells by land contract , the assessments shall be paid in full
within one ( 1) year from the date of the land contract.
7 . Any refund which may be due Owner as a result of any
special assessment being in excess of the actual amount paid by
City for said improvements is assignable by Owner .
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8. This Agreement and its attachments , may be recorded at
City's option and if so done , shall serve as Notice of Lien against
such properties .
IN WITNESS WHEREOF , the parties heretofore have caused this
Agreement to be signed by the proper persons of each party and
their corporate seals , if any , to be hereunto affixed .
Dated : _C LS.di S.. , 1987 .
In the Presence of: /
( Witness ) Harold J . Eichstadt
G e
( Witness ) arcella M. Eichstadt
CITY OF OS 'KOSH , a municipal
corporation
By : L or
(Witness ) William D . Frueh , City/ Manager
And : _ _12,61��!%Y
( Witness ) Donna C . Serwas , City Clerk
STATE OF WISCONSIN )
) SS .
WINNEBAGO COUNTY ) —
Personally came before me this day of __ ,
1987 , the above-named Harold J. Eichstadt and Marce a M. Eichstadt,
to me known to be the persons who executed the foregoing instrument
and acknowledged that they executed the foregoing instrument.
.47 --Y-11__J7_eff-_--.1-.31.e4c.-1
Notary Public , Winnebago Co . , Wis .
My Commission : , ,/-,,I,/- 9e.
STATE OF WISCONSIN )
SS .
WINNEBAGO COUNTY )
S'-'-r^ i ? y� n
Personally came before me this __ day of . Lk,�i ____,
1987 , the above-named William D. Frueh , City Manage and Donna C.
9 7 ,
Serwas , City Clerk of the City of Oshkosh , a municipal corporation,
to me known to be the persons who executed the foregoing instrument,
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and to me known ';.;.o be such officers of said corporation, and acknow-
ledged that they executed the foregofng-,,instrument as sv-nh officers
as the deed of said Corporation, by its uthority.;
id
ilLie ' ' 4-16L-Li
{j
Notary Public , W'inneb-go. o . , Wis .
My Commission : 1.-c) -totc- ,
App ved as to Form and Ex . ion
AS2AL------- --11"—Ir--44111%
Warren P . Kraft , Asst .Cit ' ttorney
This document drafted by :
Attorney John W. Pence
City Attorney
Oshkosh , WI 54901
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WAIVER OF SPECIAL ASSESSMENT NOTICES AND
HEARING UNDER SECTION 66. 60. WISCONSIN STATUTES
The undersigned . owner of property benefited by the
following improvements to be made by the city of Oshkosh ,
Winnebago County , state of Wisconsin , to wit :
ENGINEERING SERVICES FOR SANITARY SEWER , WATER MAIN AND LATERALS
AND
STOR^1 SEWER, GRADING ?< GRAVELING, CONCRETE PAVING
In consideration of the construction of said improvements by
the city of Oshkosh , Wisconsin , I hereby admit that such public
improvement will benefit said property and consent to the levying
of special assessments against the premises under Section 66. 60
of the Wisconsin Statutes for the cost of such improvements. In
accordance with Section 66. 60 ( 18) of the Wisconsin Statutes, I
hereby waive all special assessment notices and hearings required
by Section 66. 60 of the Wisconsin Statutes; and I further agree
and admit that the benefit of my property from the construction
of such improvements is in proportion to the footage thereof :
Description of Premises
(Fourteen parcels)
Lots 6 through 10, 3rd Addn. to Eichstadt 's Subdivision
Parcel 1 , Doc. 475490
Lots 7 through 12, Elk. 4, Eichstadt 's Subdivision plus north 1/2
vacated Columbia Avenue
Lots 3 and 4, 51 k. 5, Eichstadt 's Subdivision plus south 1/2
vacated Columbia Avenue
BENEFITS DAMAGES
Engineering services for
sanitary sewer , water main
and laterals $220. 58/lot NONE
Grading & Graveling :$1 , 1 6. 68/lof NONE
Concrete Paving $2,742. 86/lot NONE
Storm Sewer • . 466. 28/lot N0NE
I /
Signature of Owner --- '`�`'1t C .t / .�� fi ----
HAROLD 3 . EICHSTADT
Signature of Owner
�IIARCELLA H. EICHSTADT
Street Address -_-- ---____--
City
Date:
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