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Home My WebLink About34634 / 87-325 •� NOVEMBER 5 1987 #325 RESOLUTION (CARRIED LOST LAID OVER WITHDRAWN ) PURPOSE: SALE OF SURPLUS PROPERTY INITIATED BY: CITY ADMINISTRATION PLAN COhPiISSIDN RECOM1AtENDATION: Approved 7-0 wiih 1 vo[e Pzeseni WHEREAS, Innovative Interests , Inc. , a Wisconsin Corporation proposed in Augus[, 1987 [o purchase a land locked CI[y-owned parcel of land as described in [he attached Exhibit A; and WHEREAS, upon review of [he proposed sa1e, the Plan Commission inviied bids io be solici[ed from adjacent property owners, wi[h said bids [o be received no later [han Oc[ober 9, 1987; and W}1EREAS, Innovative Inierests , Inc. , a Wisconsin Corporation submitted [he sole bid on [he parcel, dated Sep[ember 30, 1987 and aiiached hereto. NOW, THEREFORE, BE IT RESOLVED by ihe Common Council of [he City of Oshkosh [hat the proper Ci[y officials are hereby authorized [o sell approxi- mately 9,800*_ square feet of land, as described in ihe at[ached Exhibi[ A, [o Innovative In[eresis, Inc. , a Wisconsin Corpora[ion, a[ a pvrchase price of Five Hundred Dollars ($500.00) per [he a[tached offer to purchase dated Sep[ember 30, 1987, subjec[ to [he condi[ions contained iherein. BE IT FURTHER RESOLVED [ha[ [he appropria[e City officials are hereby au[horized and direcied [o execu[e all appropriate documen[s necessary io consummate this transaction. SUB�f;2T�D BY ,_____._. I t r �..__�.�.. ._ +� �';:��r'� �� .:i-e.j^.-,-s:..�� APYROVEb ___'__..._�I - 15 - Res.� *325 - 13ix;.vrro�. Onu�i.vs�°.�.. Ho�s�;�. Prrrn�: � Jln.�ti�:ti� 10 �OFEST PVENVE P.O. 60% 12�6 I JNII)l I.,�f. Nlc[uTnlA'SaVJ3 �"" .. � �,�� September 30, 1987 �ELOPMOrv�s��°°�° Mr. Boyd Kremer Assistant City Manager P. O. Box 1130 Oshkosh, WI 54901 Re: Our Clients: Jet Stream and Walcer M. Tack anc� Patrick J. McCUllough/Innovative Inter2sta, Inc. Dear Mr. Kremer: I am writing you as a follow up to my letter of August 28, 1987 . I understand that the City has determined that it would continue zoning property as R-2 and allow others to bid on the property to date of October 9, 1987 at 4 : 30 P.M. In this regard, I have revised my earlier letter and you will note the following changes: 1. The Buyer is now correctly listed as Znnovative Interests, Inc. , a Wisconsin corporation. 2 . We have provided that the property can be zoned R-2 . 3 . We have provided that the offer can be accepted within thirty (30) days so that we have extended its duration. 4 . Of additional particular importance is the purchase price and we have provided that we would not lower the purchase price but that we would have a right to increase the purchase price by supplementary offer prior to 4 : 30 P.M. , Octo6er 9, 1987 . I would appreciate it if you would file our current offer with the understanding that we may sapplement it pending further review of potential use of the site if zoning is not changed to C-2 . Respectfully, EDGARTON, ONDRASEK, HOBBS, PETAK & MASSEY By ROBERT V. EDGARTON RVE/jad Enclosure cc: Mr. Walter Tack Pir. Patrick McCUllough - 15a - Res. #325 E�x:a.trro�, Ovne�.sFx. IIOrtns, PF�r.vi &, �I.ti5sE1° io �owes. .�e��e io,.orn ��e�.w�wcu,c.�scaoan . �. �.< ..,. .a._o...�s,�a.Ew Septem6er 30, 1987 •"""�""�'o<,o Mr. Boyd Kremer Assistant City Manager P. O. Box 1130 Oshkosh, WI 54901 Re: Our Clients: Jet Strean and Walter M. TacY, and Patrick J. McCUllough/Innovative Interests, Inc. Dear Mr. Kremer: Our office represents the above clients who are doing business in Oshkosh under the name Set Stream Car Wash at a location on Witzel Avenue in the City of ashkosh. You were kind enough to assist us in prior acquisition of a piece of property in the fall of 19a5 which was excess property owned by the City of Oshkosh. I now understand that there is some additional property that the City is interested in disposing of and my clients have asked me to correspond with you in that regard. The purpose of this letter is to outline a proposal for acquisition of this additional parcel of real estate with terms and conditions to be as follows: I . SELLER The Seller would be the City of Oshkosh, a political sub- division of the State of Wisconsin. II. BUYER The Buyer would be Eanovative Interests, Inc. , a wisconsin corporation. III . PROPERTY SUBJECT TO SALE The property subject to sale would be a qenerally rectangular piece of property described as Parcel No. 6-351-3 and shown on attached Exhibits A and B. - 15b - , . Res. #325 Mr. Boyd Rremer Page Two September 30, 1987 IV. PURCHASE PRICE The purchase price would be the sum of $500. 00 to be paid in cash at closing. Provided further, my clients reserve the right to increase the bid on the subject property at any time prior to 4 : 30 P.M. , October 9, 1987 after evaluation of utility of the parcel and after reflection upon effect that possible R-2 zoning may have on future stility of the parcel. V. CONDITION TO CLOSING The obligation of purchaser to close the transaction would be conditioned on property being zoned C-2 or designate the same as existing parcel owned by Mr. Tack and Mr. McCUllough or in the alternative, that the parcel be zoned R-2 . VZ . CIASING/EVIDENCE OF TITLE Closing would be subject to the followinq conditions: a. Expenses prorated in accord with normal real estate transactions involving municipality. b. Conveyance to be supported by appropriate copy of resolution authorizing execution of deed and by � certified copy of resolution showing rezoning. c. Evidence of title to be by title insurance, abstract, or letter report at option of City. d. Closing be held on seven (7) days notice at mutually convenient time and place upon fulfillment of conditions or requirements centained herein. VII. ACCEPTANCE OF OFFER This offer of purchase shall remain open for a period of thirty (30) days. It may be accepted by providing written notice of acceptance to the undersigned at his business address. At the expiration of thirty (30) days, this offer shall expire if not accepted and be null and void. SUMMARY If the above meets with your approval, I would appreciate it if you would have an authorized representative of the City sign in the place provided below for signature. - lsc - . � Res. @325 Mr. Boyd Kremer Page Three September 30, 1987 It would be understood that if the City Council did not subsequently approve the transaction by appropriate resolution, that this offer would be null and void. We would then trust that you would proceed with appropriate procedures for rezoning and authorization of execution of the deed. Thank you very much for your consideration of this matter and if you have any questions, please give me a call. Respectfully, EDGARTON, ONDRASEK, HOBBS, PETAK & MASSEY By .-� � � ' . .- . ROBERT V. �EDGARTON * * � � a ♦ The undersigned being a duly authorized representative of the City of Oshkosh hereby accepts the offer to purchase the foregoing described parcel of real estate according to terms and conditions outlined above. Dated this day of , 1987 . CITY OF OSHKOSH By nVE/mjk cc: Walt Tack & Pat McCUllough - 15a - Res. #325 ---_____� _�----- -- - - - _ , _-------�- ------ I I � � � _ N � N � n � Q � !� C) � x ' '° I I ; a � a � < ., o °' „ � ' p „ � Q I c/] �'{ " � 3 3 c r - I d I r � p m c a{ � i = C �/j G u � N 4. I �� U] Y : V.I � V N Z I 'n m � v] C LL, R ¢ � c .- c y, °' i � a .� �+ n �, � � I Y C C V, P I U ti^ C N ` C .� � ^ � 6 � E E.,� � m 3 c zla s mi3i.°, € � Y� 'I _ � . a aYlE��9, . -i .ij¢�m�ai�'I•a�ai .. <�m°ia � . � . . . � � . . - � . .. .' �� . � � - � Exhibit A - '15e - � � � • Res. 1k325 ' • I TZ E L . I - 931q - � . -. 50 ; � .- 6-3/4-2 � �' . 93I-933 _ �J 921 . 911 3� _ - � /so ^�; - ' P1 - " •-' I . • 0 6 3 �s�- t ,� �-aio=� � `� . — — — — — - -�,s ,:__j, � . ♦ � N 6•314 '. °� h o b-3s2 - f -___ 6 - 219 - - � « n " /rc�--{ (a'3lp-,S � _ �e ' - = 6�3i3 �y - , . ---- - -�-e�:,s l i 3 _ �� - N 6- 312 ' . _ " " . . � � • r — _. ��— __ . _ _ .J� _ r . o � 10 ' .3 � � : . SD ` - 55 4�s i H � � ' n°i G - 3 !S lo 0 _ 14 � � I � � ' p � ivs ' . N V � �n N 6� 3/0 -/ 0 4g S° � � ,,, I � � 4e o � � ` ^' G-3io• 2 � � I � � � � , ( Fo 0' p 12 I � h N Q N 6- a�o- 3 °8 � � , � 63' � � ro 1 O � �-a,o � — s i 6�309 6 �3Y/ i 6-306 �6-3o I ' I y� I �I6-3o6 6-356 6-305 ? q � � � 99 � ;120 I6 �°4 � . 948 � o�� - 15i -� I o Exhibit B I I= °I �3 z £ ➢ .v A-�-1 < r*'�O v�i A� lD N Z • mz a �� 7c o.. m m • z a w y < VI N n o �n m m v, � o m v a m � ti � �o m o w a �+ � v V • r � C Y w � � C O Z O a N l � �