HomeMy WebLinkAbout91-018 January 17, 1991 # 91-18 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE ASSIGNMENT OF REDEVELOPMENT
AGREEMENT/ BADGER-EXCELSIOR PROJECT
INITIATED BY: J. PETER JUNGBACHER, et al
PLAN COMMISSION RECOMMENDATION: Approved 7-0, with conditions
WHEREAS, the developers of the Bridgeview Center have
requested the City of Oshkosh approve the sale of the subject
property to Lee Beverage Company under the terms and conditions
of the Excelsior-Badger Redevelopment Project Area #1 Contract,
as amended; and
WHEREAS, the Plan Commission, upon review, recommended
approval of this request upon the condition that the new owner
assume all obligations and responsibilities as identified in the
Contract;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
City of Oshkosh that, pursuant to Section 503 of the Contract
that the transfer of the subject property and the assignment of
the Contract to Lee Bevera�e Co. , subject to the
transferee/assignee executing an instrument in recordable form
acceptable to the City, that it shall expressly assume all
obligations under the Contract.
BE IT FURTHER RESOLVED that the proper City officials are
authorized and directed to execute any appropriate documents to
effectuate the transfer and assignment.
�,._....._w..__...._...__.......__.,__.._._.....__._
I ���
J _.. 1�_... ii.. _..�.�..o.�...�..,�.�.....—�.,.�........�......�.�.... �
�
t ......,.,.�
� `
i 7� '^�
� �.0 A. ���Sl ^��.. '
- 9 -