HomeMy WebLinkAbout90-205 JULY 19 , 1990 90-205 KESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: ESTABLISH FAIR MARKET VALUE AND AUTHORIZE PURCHASE OF
SAME - VACANT LOT/NE CORNER N. MAIN ST. & CEAPE AVE.
INITIATED BY: CITY ADMINISTRATION
WHEREAS , the Common Council of the City of Oshkosh has approved �
Modification ��2 of the Redevelopment Plan for the Oshkosh Centre
Redevelopment Project Area No . 1 ; and
WHEREAS , the Plan Commission has certif ied the project to the
Common Council as prescribed in Wis . Stats . , Section 66 . 43( 5) (d) ; and
WHEREAS , an appraisal has been made on the property described as
follows :
Lot 7 , Block 21 , L.M. Miller ' s First Addition, 8th Ward,
City of Oshkosh, Winnebago County, Wisconsin (generally
located at the northeast corner of N. Main St . arid
Ceape Ave . )
and
WHEREAS , a review appraisal has been submitted to the Common
Council in accordance with Title 3 of the Uniform Relocation
Assistance and Real Property Acquisition Policies Act of 1970 and
requirements of HUD Handbook 1376 . 1 ; and
WHEREAS, the property and interest to be acquired includes land
and buildings , if any.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City
of Oshkosh that the Common Council certifies that the work of the
appraiser and the review appraisal has been performed in a competent
manner in accordance with applicable State laws , the Uniform Act , and
Department of Housing and Urban Development policies and requirements .
BE IT FURTHER RESOLVED by the Common Council of the City of
Oshkosh that fair market value for the vacant lot at the northeast
corner of N. Main Street and Ceape Avenue is hereby established at
TWENTY-TWO THOUSAND SEVEN HUNDRED DOLLARS ( $22 , 700 . 00) .
BE IT FURTHER RESOLVED that the proper City officials are hereby
authorized and directed to purchase said ro erty in that amount
and execute all documents necessary to onsummate t is transac ion.
Money for this purpose is appropriated �r�ql�og�t No . 321015 - CD G
100 Block Redevelopment .
, �
- 27 - i/�
PROVLD ���
4 � Res 90-205
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:�-������-��:3�� City of Oshkosh
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O.f HI<OlN
ON THE WATER
December 5, 1989
To: Susan Moore, Principal Planner
From: Russell Scf�wandt, City Assessor �
Subject: Review of Appraisal of Vacant Lot in 100 Block
of North Main Street
At your request I have reviewed the appraisal of the vacant lot
located in the 100 block of North Main Street. The appraisal
was made by Fox Valley Appraisals Inc. with an estimated market
value of twenty-two thousand seven hundred dollars ($22,700)
as of November 24, 1989.
The method employed to arrive at the estimate of value satisfies
generally accepted appraisal practices. �
- 27a -
. � Res 90-20
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