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Home My WebLink About35243 / 89-58 , REVisEo February 16, 1989 #508 RESOWTION (CARRIED LJSi LAID OVER WITHDRAWN ) PURPOSE: APPROVE AGREEMENT WITH CHAMCO, INC.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. BE IT FURTHER RESOLVED that, notwithstanding the price listed in the attached "Schedule of ]989 Prices", the purchase price for Southwest Industrial Park property, other available sites, shall be $10,500 per acre but oN y as to two entities which have letters on file with CHAMCO, Inc. , dated February 10 and 14, 1989, unti] June I , 1989, as previously offered by Chamco, Inc. SUBWITTED DY ( APrLO`7F,D �/„�✓� _ Zg _ Res. #508 s � aaanagz WHEAEAS� the City of Oshkosh owns certaln lantls within the corporate limits of the City of Oshkosh and deslres to sell suoh lands for industrial development; antl WHEAEAS, CHAMCO� INC. is a non-profit Wisconsin corporation interested Sn the industrial development of the City of Oshkosh and having the means and aDility to work toward the development of land intlustrially ; � NOW, THEREFORE, the City ef Oshkosh,, hereia�fter referred to as the "City", and CHAMCO, INC. � hereinafter referred to as "CHAMCO" , in order to work towards the industrial development of the following tlescriDetl property , viz: . A . SOUTH INDUSTRIAL PARK B . NORTH INDUSTAIAL PARK C . SOUTHWEST INDUSTAIAL PARR D . NORTHWEST INDUSTRIAL PARK agrees as follows : THE CITY AGAEES: 1. That by these preaents, for and in consideration of Ten Dollars ($10.00) in hand paitl , receipt of which is hereby acknouledged from CHAMCO, has agreed and tloes agree to hold until the thirty-first (31st) day of December, 1989, at 12:00 P.M., tlme being of the essence of this agreement, an option � aub�ect to the order of CHAMCO to Durchase all of the premises ownetl by the City of Oshkosh knovn as and consSsting of the following : A . SOUTH INDUSTRIAL PARK E . NOATH INDUSTRIAL PAAK C . SOUTHNEST INDUSTRIAL PAAK D . NORTHWEST INDUSTAIAL PARK ' - 29a - Res. #508 and the City of Oshkosh covenants to convey Dy Warranty Deed any portion of saitl property thereof at any tlme xithin the above time prescrlbed � to CHAMCO or such person or persons as CHAMCO may tlirect for anC at the price of Schedule attached and price thereof, payable on delivery of a Warranty Deed by the City , sub,ject , however, to the further requirement that this Option shall De of no effect and no rights shall Snure to CHAMCO or any other person or persons hereuntler or by any purported exerclse of this Option, unless within the time written notice of exercise of thi� Option shall be deliveretl to the City Attorney of the City of Oshkosh. The purchase price attached hereto includes , for the North and South Industrial Parks � graded and graveled streets� sanitary sewer and water mains and storm aewers as needed. The prices for the Southxest Industrial Park includes graded and graveled streets , sanitary sewers , water main and gas main antl storm sewers as neetled . The prices for the Northwest Industrial Park inelude graded and graveled streets � sanitary aewer� gas main , water maln and storm sewer as needed . 2 . CHAMCO� a non-profit organization � agrees : a. To attempt to work toward the Sndustrial development of the land which is the sub,ject matter of this agreement . b . To aell lantl for use permitted in the M-Zone of the City of Oshkosh Zoning Ordlnance and as limited by protective covenants . c. That they have adopted protective covenants for land sold hereunder and before any changea to saitl covenants are adopted , they will be submStted to the Oshkosh City Councll for reviea. 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 Clty of Oshkosh . 2 - 29b - � � Res. #508 3• This Agreement shall be terminable by either party Dy giving to the other party six (6) months vritten notice of its desire to terminate . IN WITNESS WHEAEOF � the CSty ot Oshkosh � Wisconsin� and CHAMCO� INC. have respectively caused thls agreement to be duly executed on this ______ day of February , 1989 . IN TH6 PRESENCE OF : CITY OF OSHKOSH ______________________________ BY '_______________________________ Wllliam D . Frueh � CSty Manager ______________________________ And :____�______i______ Donna C . Serwas � City Clerk CHAMCO� INC . ______________________________ BY'________________________________ Pobert Fick � President _______________________'_______ And :_______________________________ Tlmothy Casey � Secretary STATE OF NISCONSIN) ) SS. WINNEBAGO COUNTY ) Personally came before me this ____ day of February� 1989r 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 foregoing inatrument and acknowledged same as and for said corporation � by its authority . __________________________________ Notary Public � WSnnebago Co . � WI My Comm1s91on:___________________ STATE OF YISCONSIN) ) SS . WINNEBAGO COUNTY ) Personally came before me this _______ day of February , 1989, the above named Aobert FSek , President , and Timothy Casey� Secretary of Chamco � Inc . , to me known to be the persons who executed the fore- going inatrument and acknowledged same as and for saltl corporation, by its authority. _________________________________ Notary Public , Winnebago Co . , WI My Commission:___________________ 3 - 29c - � � Res. #508 SCHEDULE OF 1989 PRICES A . SOUTH INDUSTRIAL PARK Parcel il - 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 aere Property lying North of Fernau Avenue - 7 .7s fronting on North Main Street $12 ,000 per acre Slte on Fernau Ave - 1 .4A $10 �000 per acre � ^t C . SOUTHWEST INDUSTRIAL PARK All Parcels ad,7acent to Washburn Avenue- 13A' (minlmum parcel size of 5 acres) $25 �000 per aere Smaller Parcel on Washburn - 1 .6A' $20 ,000 per acre All Parcels North of and fronting on Hwy 44 $20 ,000 per acre Parcels south of� and fronting on HWy . 44 with a AeDth of 500 ' $17 ,500 per acre All other available sites Sn Park $12 ,000 per acre D . NORTHWEST INDUSTRIAL PARK �10 ,000 per acre The C1ty of Oshkosh reserves the right to reduce the prlces herein established for individual parcels for good and sufficient reasons as determined by saitl City. CHAMCO, INC. shall have the right to sell the properties which are Lhe subJect matter of Lhis Agreement and ahall receive ten percent ( 10$) plus $250.00 per acre of the acheduled price for incidental expenses . Shoultl the City determine to sell land for less Lhan the schetluled price , then CHAMCO'S ten percent ( 10$) shall De determined by the actual selling price . The above schedule shall be in effect for calendar year 1989 . 4 - 29d - � x � W a � 4� 0 3 � = I nl .�.H p / �<°� �- 2 � Q a LJ PARK I � I � a 7 � . # MOHTCIGIR F .F F . 7 2 V N PIJ�� W � W 0 � > Z �i. tCMPIETON = a u x p�, �� p� N o w i � 3 y p • m � w. 2oiH ., m pyp I 4 Yu a a�. e �� G �Y r G � ' r � Peyai IZ . ' x' 10 iz � ! 5 U7N ES INOUSTRIGI Beail 3 Bemi ; � "t � . / . • B�OGER AvE IPNIV. 1 .�5 �i ' � Beais _ ' a i PiRK ia •� j � �� i I Peaestra I.� ' �_' i i I . - css� 1 6 , 'L:Gc.m ; Za Cc7rownad laad � " ' �i i �astery � 7nrwia for �alo I :eehaolog� �. P . (11/j0/88) 7areala riSC pro– �� - taetiva eawnan i ' 17.5 `'..� � Laad �w: i 7ataror 11 po0 � �� HY W (N) 20,00 i . 20 l� Vaaehura 2$.000 I � a !� I t v. nvc . _..�—_--._� � . L Mcq L'/89 - 29e - Res. #508 �rYCS�t SCIJ"�i I1�tlS:.t:.4i. PPRC � � , l � � H � O �+`� r � a .: .�. `�y ; Pi^.e I2�rig _ U a 'r �n �� YdC.S�.Q C.J. � 7 O O � �' S � • s .1 i � w`n� Os�Jcas'� �xSc i m a Ccxxraticn � i a I ' Ar".rF.ead . ,Canvr�or C�. p� j} � � 'z I ; �3'^ Y�' � u ; ; �+ SuFPl% C=:'?• m y ' i ' g'` -" i ' F . y YP1fU! � . G1` i � +l�r� ' I ' I5,000 : C;�;y '(( i 6 I !. Fn i _ . ., ' '_ ` ' - _. -34t.`. Avc^x � I3 000 �G�c'�ID c � . , ,��_�� 2 .:I C17_owaad laad �/ . � Parcaia !or aala /� ."V:.urac..�::3 — (ll/.'0/&8) N `��`anY � , 2ar�ala xi:h D�oia�tiro � . ¢ � L- w�aww � W i E J c � � S I> I ds.kcsh ; il z ' 35G: nv�'.� • :2'�VJ: � '__'-�_� I ._ � ° 9� � � I� \ � ` _.�� - - � � � . 1� Li�� ' � J ` ,'1 :. (rnmod SfDS'_aa biaeaL Co. — faraala at ' - 15�.000/aus) � . - 29f - b. 2-0� :_/E9 . � 1_,�,� � Res. 508�. I � . o y �� oy �op� , _ 3r j � 4 �.m fG. .t+:�L: , / � � : 9 �`� o j — �a000 ��$ 4� � 8. �dI'�b6�� .�� '� � U.P.S I • � 3irr.c�J�f I � Paca �'� + a�� ; '*1 `�"r^"�^� AeIden, ''x ' f� . ��(ar:net � uooivN Ine. � � � �� S Hemfa � Tane 1 Ceatsae i . ' T . (a � 7' I5,0oo ^� I7,0o0 7 � '< Y� , � � Miseaneyn ---- --- PvAlic Seeviee ! . . ' ; Carp. - I _ � � io aao � '�..i. a! at�"�e� �. .. �ia ! 1. � nc.J #* ui ,a�.^ac � • i ..a I I i � 1 • mi _ f �i ?T �.1.c� j • j, ' ' r � ; ' - � �_ � I �- - - � _ . t I ' ` � : _ Haffinete^ f T � . . - - Narauar! � � _ ; camoany � 1T MiII�.nNr Ci � . - [ - TT - . Camninv �� T- Lc"G':?7D ' � � ' ��,.� . . . . . . X ISchoel(�'� . �T C7-awned laad Stskionarsl i : � i Pareals for sala - (11/:'a/88) - K Parwls uitt prota�tir I ' r � �� i . I w�amncs + I ' = Cc.pany � ; M ,i E 3 Id1C PSf�G: IS OOO'SqCK$0Il � � i1.000 - 5.,..0.4o S�Tss — i � 5 �Q OCO 'jM�i� i�TE 'PEfuPV �I ��^IJ' �7}� I�� 1 i I 1 � C^IU I rIBT2ZLC� T . ' S � ` �� I � ; d r--�---I _, o m 1�n �r.- i a l� � �' . ;' ; ICj �� i I a a � �Cdle . — � dj� � ' I . I . _ 29g _ b. �.._.._ 1:/2& r+ a Ti a z ao m o m .ZJ H Q O N JJ r S Z • .. p C O m z m < � o .. z ro cn � o n m � � z y S O� S O � o lp m O /D � N � � -1 iO N W ^V �O cT �� £ �+ 3 n � d 3 n 4• o i ° i�. � W