HomeMy WebLinkAbout34596 / 87-284 OCTOBER 1 1987 #Ze9 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: DETERMINATION OF NECESSITY AND ESTASLISHhIENT OF
FAIR MARRET VALUE
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the City Administration has determined that it is in
the best interests o£ the residents of the City of Oshkosh to
have street right-of-way connecting Stony Beach Lane and Stony
Beach Avenue; and
WHEREAS, said project was approved by the Common Council as
part of the 1987 Capital Improvements Program; and
WHEREAS, in order for said project to be completed, it is
necessary for the City to acquire private property; and
WHEREAS, an appraisal has been made on the property to be
acquired as described in the attached �'Exhibit A" ; and
WHEREAS, a review appraisal has been submitted to the Common
Council in accordance with applicable State and Federal laws;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
City of Oshkosh that the Common Council certifies that in order
for said project to be completed it is necessary for the City to
acquire said property. It is further determined by the Common
Council that the acquisition of the attached described property
is hereby determined necessary pursuant to the provisions of
Section 32 . 07 (2) of the Wisconsin Statutes.
BE IT FURTHER RESOLVED that the Common Council certifies that
the work of the appraiser and the review appraisal have been
performed in a competent manner in accordance with applicable
State and Federal laws.
SE IT FURTHER RESOLVED by the Common Council of the City of
Oshkosh that fair market value for the property to be acquired,
as described in the attached '�Exhibit A", is hereby established
at FOUR THOUSAND DOLLARS AND 00/100 ($4, 000.00) .
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Res. 289
EXNIBIT A
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OJUL 311987
`, De?AP,TNIE�VT C�
OJHK�JH COr�iMUWITY DE'JELOP�'vl:i'T
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July 31 , 1987
io : Jackson R. Kinney , Director Community Development
Fram : Lowell Lee , City AssessD�
Subject : Appraisal of Vacant Lot - Stony Beach Area
I have reviewed the July 22 , 1987 appraisal of 2855 Stony
Beach Drive prepared by fox Yalley Appraisals Inc . .
The appraisal meets acceptable appraisal standards . ihe
estimated value of $6 , 125 .00 is substantiated by the
appraisal .
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