HomeMy WebLinkAbout34471 / 87-139 June 18, 1987 8�39 RESOLUTION
(CARRIED LOST LA1� OVER WITH�RAWN )
PURPOSE: AUTHORIZE SALE OF INDUSTRIAL LAND
INITINTED BY: CITY ADMINISTRATION
WHEREAS, Chamco, Inc. has negotiated the sale of 1 .99 acres of indus[rial
park land in the Nor[h Industrial Park at a purchase price of $20.000.00 pursuani
to the provisions of an agreement between the City of Oshkosh and Chamco, Inc. , and
WHEREAS� to facilitate [he sale oF said land, [he following ierms and condi-
[ians need to be met:
(a) Initial downpayment of $1 ,000.00;
(b) Payment oF $9�000.00 at closing;
(c) Final payment of $10,000.00 one year after closing, said paymen[
to be subordinate to first mortgage financing.
NOW, THEREFORE, BE IT RESOLVED by the Comnon Council of [he Lity of Oshkosh
tha[ the sale of 1 .99 acres of North Industrial Park land is hereby approved upon
[he foregoing [erms and conditions and ihat the proper CiTy officiais are directed
and authorized to execute such documents as may be necessary to effect the sale of
said premises.
SUilYITTED DY
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