HomeMy WebLinkAbout90-43 April 19, 1990 #90-43 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE AGREEMENT WITH CHAMCO, INC.
INITIATED BY: CITY ADMINISTRATION
BE IT RESOLVED by the Common Council of the City of Oshkosh that
the attached Agreement for sale of lands for industrial development
between the City of Oshkosh and Chamco, Inc. is hereby approved and
the proper City officials are hereby authorized and directed to enter
into same.
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- Res. #90-43
A G R E E M E N T
WHEREAS, the City of Oshkosh owns certain lands within the
corporate limits of the City of Oshkosh and desires to sell such lands
for industrial development; and
WHEREAS, CHAMCO, INC. is a non-profit Wisconsin corporation
interested in the industrial development of the City of Oshkosh and
having the means and ability to work toward the development of land
industrially;
NOW, THEREFORE, the City of Oshkosh, hereinafter referred to as
the "City1° , and CHAMCO, INC. , hereinafter referred to as "CHAMCO", in
order to work towards the industrial development of the following
described property, viz:
A. SOUTH INDUSTRIAL PARK
B. NORTH INDUSTRIAL PARK
C. SOUTHWEST INDUSTRIAL PARK
D. NORTHWEST INDUSTRIAL PARK
agrees as follows:
THE CITY AGREES:
l. That by these presents, for and in consideration of Ten
Dollars ($10. 00) in hand paid, receipt of which is hereby acknowledged
from CHAMCO, has agreed and does agree to hold until the thirty-first
(31st) day of December, 1990, at 12 : 00 P.M. , time being of the essence
of this agreement, an option, subject to the order of CHAMCO to
purchase all of the premises owned by the City of Oshkosh known as and
consisting of the following:
A. SOUTH INDUSTRIAL PARK
B. NORTH INDUSTRIAL PARK
C. SOUTHWEST INDUSTRIAL PARK
D. NORTHWEST INDUSTRIAL PARK
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. � Res. #90-43
and the City of Oshkosh covenants to convey by Warranty Deed any
portion of said property thereof at any time within the above time
prescribed, to CHAMCO or such person or persons as CHAMCO may direct
for and at the price of Schedule attached and price thereof, payable
on delivery of a Warranty Deed by the City, subject, however, to the
further requirement that this Option shall be of no effect and no
rights shall inure to CHAMCO or any other person or persons hereunder
or by any purported exercise of this Option, unless within the time
written notice of exercise of this Option shall be delivered to the
City Attorney of the City of Oshkosh. The purchase price attached
hereto includes, for the North and South Industrial Park, graded and
graveled streets, sanitary sewer and water mains and storm sewers as
needed. The prices for the Southwest Industrial Park include graded
and graveled streets, sanitary sewers, water main and gas main and
storm sewers as needed. The prices for the Northwest Industrial Park
include graded and graveled streets, sanitary sewer, gas main, water
main and storm sewer as needed.
2 . CHAMCO, a non-profit organization, agrees:
a. To attempt to work toward the industrial development of
the land which is the subject matter of this agreement.
b. To sell land for use permitted in the M-Zone of the City
of Oshkosh Zoning Ordinance and as limited by protective
covenants.
c. That they have adopted protective covenants for land
sold hereunder and before any changes to said covenants are
adopted, they will be submitted to the Oshkosh City Council for
review. CHAMCO shall monitor the enforcement of these covenants
and if a breach occurs which requires repurchase, then in that
event, CHAMCO shall assign its right to repurchase to the City of
Oshkosh.
3 . This Agreement shall be terminable by either party by giving
to the other party six (6) months written notice of its desire to
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terminate.
IN WITNESS WHEREOF, the City of Oshkosh, Wisconsin, and CHAMCO,
INC. have respectively caused this agreement to be duly executed on
this day of April, 1990.
IN THE PRESENCE OF: CITY OF OSHKOSH
By:
William D. Frueh, City Manager
And:
Donna C. Serwas, City Clerk
CHAMCO, INC.
By:
Robert Fick, President
And:
Secretary
STATE OF WISCONSIN )
) SS.
WINNEBAGO COUNTY )
Personally came before me this day of April, 1990, the
above named, William D. Frueh, City Manager, and Donna C. Serwas, City
Clerk, of the City of Oshkosh, to me known to be the persons who
executed the foregoinc� instrument and acknowledged same as and for
said corporation, by its authority.
Notary Public, Winnebago Co. , WI
My Commission•
STATE OF WISCONSIN)
) SS.
WINNEBAGO COUNTY )
Personally came before me this day of April, 1990, the
above named, Robert Fick, President, and
Secretary, of CHAMCO, INC. , to me known to be the persons who executed
the forec�oing instrument and acknowledged same as and for said
corporation, by its authority.
Notary Public, Winnebago Co. , WI
My Commission•
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SCHEDULE OF 1990 PRICES
A. SOUTH INDUSTRIAL PARK
Parcel #1 - 2 . 5A $12, 000 per acre
Parcel #2 - 6.2A $15, 000 per acre
B. NORTH INDUSTRIAL PARK
Property fronting on Jackson $15, 000 per acre _
Property lying North of Fernau Avenue
- 7.7± fronting on North Main Street $12, 000 per acre
Site on Fernau Ave. - 1.4A $10, 000 per acre
C. SOUTHWEST INDUSTRIAL PARK
AlI Parc�ls adj ac�nt te [•?wshburr. P_�:�ntze-
13A} (minimum parcel size of 5 acres} $25, 000. 00 per acre
Smaller Parcel on Washburn - 1. 6A± $20, 000. 00 per acre
Al1 Parcels North of and fronting on
Hwy 44 $20, 000. 00 per acre
Parcels south of, and fronting on
Hwy 44 with a depth of 500' $17, 500 per acre
All other available sites in Park $12, 000 per acre
D. NORTHWEST INDUSTRIAL PARK $10, 000 PER ACRE
The City of Oshkosh reserves the right to reduce the prices herein
established for individual parcels for good and sufficient reasons as
determined by said City. CHAMCO, INC. shall have the right to sell
the properties which are the subject matter of this Agreement and
shall receive ten percent (10�) plus $250.00 per acre of the scheduled
price for incidental expenses.
Should the City determine to sell land for less than the scheduled
price, then CHAMCO�S ten percent (10�) shall be determined by the
actual selling price.
The above schedule shall be in effect for calendar year 1990.
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