HomeMy WebLinkAbout34458 / 87-126 JUNE 18 1987 �12F RESOLOTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: AUTHORIZE SALE OF CITY PROPERTY
INITIATED BY: CITY ADMINISTRATION
PLAN COP4IISSION RECODP1ENDATION: Approved 7-O
WHEREAS, on May 3, 1984 [he Common Council of the Ci[y oE Oshkosh
designa[ed boundaries for Mirco-Redevelopmen[ Area d/1, more commonly known
as 2326 Oregon Sireei; and
WHEREAS, on Sepeember 6, 1984 the Common Coundl approved a Aedevelopment
Plan for said area which Plan's objecTives included the elimina[ion of bligh[-
ing influences and deteriorated building conditions of said area, as we11 as
the redevelopment of ihe area in order [o add to the tax base of ihe Ciey; and
WHEAEAS, [he City solicited requests for proposals for ihe redevelopmen[
of said area; and
WHEREAS, it appears [hat [he mos[ advan[ageous proposal received was from
K & M Lnvestments , Inc. , in [he amoun[ of Thirty-Five Thousand Dollars
($35,000.00) .
NOW, THEREFOAE, BE IT RESOLVED by the Common Cowcil of the City of Oshkosh
[ha[ [he proper City officials are hereby authorized and directed to execu[e any
and all documents necessary [o wnsumma[e [he sale of 2326 Oregon S[ree[, more
fully described in [he a[[ached "Exhi6i[ A", [o K & M Inves[ments� Inc.
BE IT FURTHER RESOLVED [hat all oCher p=oposals teceived are hereby rejected.
.. .:.:�1�fC:? �Y _,.__.
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1P7ROVED
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Rrs. #12F
"EXHLBI'I A"
LEGAL DESCRIPTION
2326 OREGON STREET
Lot 1 and [he sou[h 24.035 ft. of 60[ 2 in Bucks[af£ and Koesers Subdivi-
sion in [he 14th Nard, Ci[y of Oshkosh, Winnebago Coun[y, Wisconsin,
excep[ [hae part described below:
Commencing a[ the soa[hwes[ corner of LoC 1 in said BuckstafF
and Koesers Subdivision, Chence east along the sou[h Line of
Lot 1, 36 ft. , [hence nor[hwes[erly 56.55 ft. along the arc
of a curve concave [o [he north whose radius is 36 ft. and
whose chord hears N 45° W Co a point on [he eas[ line of
Oregan Stree[, ihence sou[h along the east Line of Oregon
S[reet 36 ft. to the poin[ of heginning.
Said parcel con[ains approxima[ely 8,375 squaze fee[ (0.19 aczes).
- 15a -
I . Res. #125
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