HomeMy WebLinkAbout35766 / 90-548 � R E V I S E D
March l, 1gg0 # 5�8 RF�OLUTION
(CARRIID LOST LAID OVER WI'I`HDRAWN )
PURPOSE: AUTHORIZE BIDS FOR SALE OF SURPLUS
CITY-OWNED LAND
INITIATED BY: CITY ADMINISTRATION
BE IT RESOLVED by the Common Council of the City of Oshkosh
that the proper City officials are hereby authorized to solicit
bids for the sale of surplus City-owned land, described as follows :
PARCEL A
Being the SW 1/4 Sec . 23 Lots 101 8c 102, S of W. 3rd
Avenue, exc. S 170 ft. also Lot 17 S of W. 3rd Avenue,
exc . E 57 ft. , also exc. the S 125 ft. of the E �3 ft.
of the w 155 . 1g ft. , 6th Ward, City of Oshkosh, Winnebago
County, Wisconsin.
Generally located at the southeast corner of W. 3rd Avenue
and Idaho Street.
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, WB-13 VACANT LANU OFFER'CO YUHCf1A ; R2S. .#548
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1 .........................OS.1}�A.S�...................Wixc��nsin. ....JdRUd1y..2.9.n .............................. ,199.0
'l THE BKOKER llRAHTING THIS OFFER IS THE AGENT OF(S�6.l,bkit)(BUY R)(Strike as nppiicable).
3 IF ACCF.PTED, THIS OF�F.R,CAIV CREATE A LEGALLY ENFORCF.ABLE CONTRACT. 607'H YARTIF.S
4 SHOULD REAU THIS UOCUMF,NT CAREFULI.Y.AND UNllERSTANU IT �;r:HOEtH: SIGNING.
5 The undereigned Buyer, �rdld D. MdthUSek
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6 hereby offere to purchaee the property�known ae(Street Addreas) .Southeast cOYner of. Idaho,S,t�,&,W,,�xd,jlv�,,,
cit. �� OstikoShJ.....:................County of ........W��et?d3Q..........
7 in the::'....:..Y..:':.t:::'of ............. .....,Wisconain,
8 mote perticularly described ae: ..p!'r,th2,legdl,d2SCTlptiOR ,,,,,,,,,,,,,,,,,,,,,,,,
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�p Sub�ect �arcel is appoxiunatelX size of 287 feet along W,3r.d Ave by.i.rregular,depth,.......,..
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'IWent two thousand and 00/100------------- --------- 22 000,00
11, atthe price o€�.........�'..,..... �................... .......................................... Uollars($.. <. .. ......)
12 end on the terme and condi[ions ae follows:
13 Earnest money of$.2�000.00,..,,,, �n the form oC ....,Ch2Ck,,,,,,,,,,,,,,,�n�}ered-wi4}r4}»abffer.-AddilieneF�enrrestr—
14 �roney�vC$-r.--n-n---.:-�rrthcfornro�-n-rn--r--.:--.:- to be paid within..5......deys of acceptance o(thia offeror
15 r.c--c------r-----------------------------------------------------andthebalanceincashatclosing.
�g Fai(ure of Buyer to make earnest money paymente as provided voids offer nt Seller's option.F,arnest money,it held by broker
�� ehall be held in aelling broker's trust account(prior to acceptance of offer and there�fter in IistinR broker's trust account or unti�
�g applied to the purchase price at closinR or disDUTFC(I FI5 prnaided herein or prrmitted hy Inw.
�g 'CIMEISOFTHEESSE[JCF.AS'CO:7Yf�HF`E'if�ht.i:hEtNt�Mf}I�E�i'rt-�htf;f'r'P,AC;(;F.l'TAN(;F:,LE()AI.1'OSSf:SSION,
20 OCCUPANCY,DA�'E OF CLOSING:AND AS TO ALL UATES INSERTEll IN 7'H15 OFFER EXCEPT:none.others.....
21 .................................:...'......................................................................................
22 THF.BUYER'S OBLIGATION TO CONCLUDE THIS TRANSACTION IS CONll1170NEU UPON THF.CONSUMMATION
23 OFTHF.FOLLOWiNG: •
24 (If lhia o(fer ia aubject lo finnncing,survey, perec�lntion test,specific zonin�;ur use, approvnl of recorded building and use
'l5 restrictiona and covenanta,or any other contingency,it must be stated here.If nnne,ao stateJ
Zg , 1,., This,offer..is.,not subject,to the sale.of other.property,,,,,,,,,,,,,,,,,,,,,,,, „ .
2� 2. This offer is CASH ancl is NOT subject to financina
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44 „ •i"j:' �.'i:'f'i� � , , ,'i. . .... �. , .................................. ..............................
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47 Buyer aRrees that unless otherwise specified,Buyer will,in Rood faith,pey alf costa of securing any Cnancing to the extent
4R permitted by law,end will perform all acts necessnry to expedile such finnncm�.
49 Includedinthe purchasepricexresuchofthefnllowingitemsasmnybeonlhcpropert}�onthedateofthieoffer,whichwillbe
,5p delivered free and clear of encumbrances:nll fixtures;nnd all garden bulbs,plants,shrubs and trees.
��� ADDITIONALITEMSINCLUDEDINTHESALE; Noil�;r,,,,,,,,;,',,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,;,,,,,, ,
52 .. , ....... .�................................... ................... .......................... .......... .......
53 .............::.................. .... .... ..... ...................................... ........
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54 ITEMS NOT INCLUDED IN THE SALE;,,.None,,,;;,;, ' ' '
55 .................................................................... � ....................................................
56 ... � . .
57 Sellershall,u onpaymentofthepurchnseprice,conveythepropertyb��warrnnlydeed,orotherconveyanceprovidedherein,
58 free and clearofaP liens and encumhrnnces,excepting:municipal and zonin�ordinances,recorded easements forpublic utilities
59 serving the ptoperty,recording building and use restrictions and covenants,genernl taxes levied in the year of cloaing and
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60 � �- Non�.,,,;�,,...,.�..-::..., � .........,providednonenfthefore�oinRpmhihit�resentuse,
61 nndSellerehallcompletenndexecutethedocumentanecessnrytorecordtheconveyance.(WARNING:Itecordedbuildin�;anduxe
6'l res[rictions nnd covenanta cnn have material impact on the use��f or improvemente to the property.)
63 1'his offer is bindinQ upon bolh parties only i(a copy olthe accepted offer is deposited,postuge or fees prepaid,in the U.S.mail
65 delivery oC the accepted offcrtem,addressed to Buyer at....?.19 Court, St,.,. O cosh�,,WI.,.54901. ., �r by personal
or a commerc�nl delivery sys
to Buyer on or betore Februar� 19, 199 , Otherwise,this oCfer
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66 ia void and all earnest money shall be promptly returned to E3uyer.
67 Thie transaction is to be closed at the office oC Ruyer's mnrtgaRee or at the fice of....bUx2rS ChOiCe
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�A on or before .....!�PX��..�`�.......................... 19.90...,or at such ulher time nnd place aia may be.igreed in writing.
f9 Le�;al possessicm uf prnperty shull be delivered to [3uyer on d;�le of closin{�. .
70 It is understood the property ia now occupied by .......VdCdrlt
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71 under(ornllease)(written leasel,which terms are: .......N�A................... ... ............ ... . ...................
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73 Occupancy oC ......pTHR7.SC'5....•................... eliall be Kiven to I3uyer on ..... ddy,.of.Closing
74 If Seller ie permitted to occupy property aCter dosinR,Seller ehali prepny occupancy charKe o(5...N��.... per dny,which
75 (ahalp(ahall not)be retundeble based on actual occupancy.
76 The sum of$ ..N�A.......shail be withheld from the purchase price to be escrowe<1 with ...N�A
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7g to gunrnntee delivery of occup�ncy to 13uyer ANU FOR NO O"1'f11:R 1'UHPOSI;, which sum upon Seller's failure to dPliver
�y occupancyehallbepnidtoBuyerasliquidateddamaReaorreturnedtoSellerifoccupancyiadeliveredtoHuyerontheagreeddate.
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y Res. #548
� (Seller warrante)(Map�ate�--r.--r.--r.--irtt�icat�s)(uone)t7r.crt}{at1)o(the properly is located in a flood plain(Strike es
� applicnble). , .
(Seller warranta)(-A4ap�ated-�..��..��..�-iadicatoa)(none).4past�.k�ly of the property is localed in n wetlnnd(Strike as
t applicable). . „ .
� Sellerrepresentsthetthe propertyis zbned :............................................................................
� Seller werranta arld represents to Buyer that Seller has no notice or knowled�;e of any:
(a)planned orcommenced public improvements which muy result in special assessments or otherwise meterially aCfect the
property.
� (b)government agency or court order requirin�repair,alteration,or currection of uny existinK condition.
� (c)shoreland or special land use reQule�tions ufCecting lhe property.
� (d)underground storage tanks and the presence o(t�ny dangerous or tuxic m�terials or conditions nffectin�;the property.
EXCEP770NS TO WARRANTIES ANU REPHESENTATIONS STATED IN LINES 801'O 90: ,Not,knc�wn
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The followin �tems shall be rorated as of the da of closin
i �� p y g:general taxes,rents,water and sewer use charges,homeownere'
; association assessm enta,fuei,and ....N/A.................................................................................
Any income,taxes,or expenaea through the day of closing accrue ta 5cller.
i General tuxes shall be prorated at the time of desing based on the.�r.e[ger.e:al t�xes fo:Eha�carrent yea:,'s.known,otlrerw;se
� on the net general taxes for the preceding year.
l CAUTION:If property has not been fully assessed for tax purposes,or reusseasment is completed or pending,tax proration shall
' be on the basis of$......................estimated annual t�x.
d Special assessments,if uny,for work on site ajctually commenced or Ievied prior to dateof thie offer shnll br.paid hy Reller.All
I other speciul assessments shall be paid by Buyer.(C�utiun:Consider u special egreement it erea assesaments ur hnmeownere'
nssociation assessments are contemp lated.)
Seller shall provide to Buyer at Seller's expense at lenst three(3)business days beCore closing,Seller's choice of:
1.An�bstract of tiUe prepared by nn nttorney or eibstrnct company;or
< 2.AcommitmentfromatitleinsurancecompanylicensedinWisconsintoissuetitleinsuranceintheamount
� � ' o(the purohase price upon recording of proper documents;
7 showinq tiile to lhe property as of a date no more than 15 days befure such titie prooCis provided to Buyer to be in the condition
I called for ip this ofCer,and Curther subject only to liens H�hich will he paid uut uf the proceeds of the closing and stendard title
insurance exceptions or abstract certificate limilotions,aa appropriate.Buyer shall notify Se�ler of eny ve�lid objection to fitle in
I writing by closing.Seller sh�ll have a reasonable time,but not exceeding 15 days,to remove the objections,and closing shall be
1 extended as necessary for this purpose.
� ICthiso(ferprovidesforulandcontrnct,priortoexecutiono(thelandcontructScllershallprovidethesameevidenceoftitieae
required aUove and written prooC,at or before execution,that the total undcrlying indebtednese,iC Any,ie not in excess o(the
proposed balance of the land contract,and that the payments on this land contract are eufticient to meet all of the obligatione of
� Seller on the underlying indebtedness.
1 If the transaction fails to close and the parties(ail to aqree on the disposition of earnest money,then earnest money held by
I broker shall be disbursed as follows:
l 1. To$uyer,unless Seller notifies Buyer and Aroker in writing no I�ter th�n 15 df�ys after the eerlier of the Buyer's written
3 demand Cor return of the earnest money or the date set for closing,th�t Seller elects to consider the earnest money as
4 liquidated damages or partial payment fur specific performance.
t 2. To Seller,subject to amounts payable to broker,provided the above notice is qiven and neither parly commences a laweuit
� on this matter within 30 days aCter receipt o(the notice.
Im m�king the disbursement,the broker shall follaw procedures in Section RL IH.09(4),Wis.Adm.Code.
Disbursement of earnest money does not determine the le�al rights of the parties in ielation to thia agreement.
3 Bothpartiesagreeto.holdthebrokerharmlcssfromanyliabilityforKood(aithdisbursementofearnestmoneyinaccordance
i with this agreement or present Uepartment o[Regul:itiun and Licensin{;regulations concerning earnest money.
.) ICthepropertyisdamagedbyfireorelementspriorlotimeofclosinginanUmounlwhichexceedsfivepercentoftheaellingptice,
I lhis contract may becancelled atoption uf Buyer.Should 13uyerelecttocarry outthis agreementdespitesuch damage,Buyershall
�_' be entiUcd to the insurance proceeds relatin{;lo dumaKe to prnperty.
i SPF,CIALPROVISIONS:....Se.1ler,knows,huyer.is.a.,licensed,real.,estate,hrpker,i.n,the,S,��t�,,,,
� ,..of.Wiscons,in and.is,purchasinQ,this,.property,.for,d.eyPlopment(investment
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q SellerandAuy agreetnactingoodfaithandusediligenceincompletinFthelermsoflhisa�reement.7'hisagreementbinde
-� and inures[o ene it oC the �es[o[hi.c ugreement and their su�c,asor�in interesL �
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� r d D. usek . ....(Buyer) (Buyer)
� Buyer'e Social SecuritY No. ......387-72-0723.......... Buyer's Sociul Security No. ...............................
4 THIS OFFF.R IS HF.RGBY ACCEFTF.I), TFI1: WARRANTIGR ANI) RF.PRI:Sf;NTATIONS MADE
� HI:RF.IN SURVIVE 'fHr. CLOSING OI� 7'HfS 7'RANSAC'I'1c)N. 7'll� UNI�I�:NRIGNIsI) RI,HCfiY AGHF:GS
- '1'O SELL AND'CONVEY 7'HE AROVE-Mh;NTIONED PHOYEH'PY ON TFIE 7'EkMS ANU COND11'IONS
� AS SET FORTH AND ACKNOWLEUGES RECEIPT OF A COPY UF TH1S AGREEMENT.
TDated: ..........:. � .... ,19....... ............................�............
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(Sel ler)
i OfCerie rejected(Sellerinitial.) .....:......:....:.......... Seller's Social Security No. ...............................
� Offerie countered(Sellerinitial.) .......................... ..........................................................
(Seller)
Seller'e Social Security No. ...............................
Z � Thie offer wae draCted bY(Licensee end firm)...........................................................................
1 It wae preaented to Seller by ...............................................on ................,19..... et.....:........m.
• � • F.AKNF.ST MONF.Y RECEIPT ,
, Broker acknowledges receipt oC inilial eurnest muney ae per line 13 oC the ahove offec
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