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Home My WebLink About37178 / 86-383November 20, 1986 #383 RESOLUTION (CARRIED LOST LAID OVER WITHDRAWN ) PURPOSE: SALE OF SURPLUS PROPERTY - 1650 S. MAIN ST. INITIATED BY: CITY ADMINISTRATION BE IT HEREBY RESOLVED by the Common Council of the City of Oshkosh that the proper City officials are directed and authorized to accept the attached Offer to Purchase and to perform those actions necessary to consummate said sale. { SUBMITTED BY � APPROVE�� `-'� - 17 - J .�I'i•�.m� Ly ihc N i_wunun Uy�emneni �.1 HeBaWUOn en� Li.ouinp .. '� ALIxauA�t V41s_ 5 1 N2 VACAN7 LAND OFFER TO PURCFIASE RESOLUTION if .3H3 1 .. QShkoSh .................. _................... . Wisconsin. ...... Nove,mUei..!�� ............. ...... _. 19.86 ....... .. . . 1 iheundersignedBuyer.....James.L.,,Jungenbergt.D.0 ...... .................................................... 3 hereby oRers m pumhase Ne property known ss..1650,.Soyth Piain Street ..................................... 4 in ihe ... Ci[Y: .. :...... d.. ...... Oshkosh . ............. County of .,{Jinneba8.°......... .... . Wisconsin. 5 morepaniculerlydescdbed es: ...The, north 3(l,.feet, of, Lot 38�_ Lots, 39 and 40 and the sou[h . ... ..... . . _ . . ........ 6 ..,37,S.�.ee.[.oi.l,at.4�,..�.�emen� and.pve.x.'s.svbd.ivi.siva_(excep� tne.sailroad)�..in.zhe. ......... � .. Tni,cd. Ward..... _ ..................................:................................ ................ _................ 6 .............:...................................................................................... ........................ 9 ..............._ ........................................'.�.............,.. _ ............. _ ....................._ ............ �o atmevriceuf....SeVeAkeeO.TboVSand,:I�hC,ee.NUndXe.d...-...-..:.-..:.r..r..r..c.r..-..-_-..'...-..:.-..-.'n..-..:........ J 1 oaua�s �s...i7.,.3P0..OP_ .. � end on the terms and condilions es follows: 13 F,amestmoneyofS..1.OQQ..00 �py��nimy��K�xy�� ................_..in�hclormol cagh........... . ......... . ..... 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to be paid within . . . . . . 3. . . . . daYS o( acceptance nf oRer LKerc ........... � 4 ............ . and the balance in eash at closiny or as herca[ter set Corth. IS IfthiaollbrisNeresultofeco-brokerage.thenallmoneypaidherewi[hshallbehcidinthescllingbmker'sWS:accountuntilNeacceptanceuf �6 �his oRer and shall be vansmilted m �he lisung bmker upon such accep[ance. 11 Addi[iond earnesi money payments shall be made b the listlng bmker and held in Ne listing broker's trust account or .. RQOe ..... . Ifl . .. . � . . .. .. ... . .. . .. .. .. ........ . ...... 19 I IMP IS OP THE ESSENCE AS TO� ADDITIONAL EA{tINEST MONHY PAYMENT, LEGAL POSSESSION. OCCUPANCY, AN D 20 DATE OP CLOSING. (Stnke ihose nol upplicable.) 21 THERUYF.R'SOBLIGATl(]NTOCONCLUDETHISTRANSAC710NISCONDITION[DUFONTHECONSUMM1L1ilONONTHE 22 POLLOWING�. 23 O«isoRerissub�ecirofinancing.percolafioncesLSOecif¢zoningoruse,epprovalo(recordedbuildinganduserestnctlunsandcovenants,orsny 7d other contingency, il mus� Fe stated here. U none, so stam.) ZS 1.,_This offer, is no[ subject Lo financing.__,,,,, . . . . ......... ............. �E 2. '1'his offer is contin�ent upon�the property being�zaned �C 2'� Zq 3. This offer is contingent upon..buyer receiving a variante on [he_property..as follows: _.._ ._ . ... . .. ...... zA Front se[—back of 5'—'� for a sign a�d rear,yard set—back of 30�-0 for parking .. _ _ . _ . . ... . ... . . ... ....... ...... Zq as shown on the a[tached si[e layout by December 3, 1986. ....... .. . ....... . ....................................... 30 ............................................................................................................................. 31 ...... _ ...................................:..........._ .............. _.............:...................................... 72 ............. _ ...............................................................................,.............................. 33 ............................................................................................................................. 34 .................................._......._....................._........................................................... 73 .................................................................................................._ _....................... 76 ... _ _ ....:. _�_� ................�....... __......:...,..........._ ..................... _ .........,............... _ ........ 77 ..................:.............................:,...:.................................................................... _... 3R. _ . _ ,.... _ ..:........:....._�.......................�....................... _.............................._ ............. 39 ... _ .......................:..........�..._ .....:..,::....:................................................................... d0......:.......:........................:.........::.:.:.::.............._..........................,.......................... 41 ............................... _ ......................:........ _............................................. _ ............ 42 ......................�........,...,........ _.....................................:....:.:............... _.._.............. 43 ............................................................................................................................. 44 ......... _ ....�._� ......:.......'...................................................... _ ..................................... 45 ..............:................................................_ ....................,........................................ 46 _ ......:......:.......:�..........................,..�......................... _.... _..........._............._......... d7............... _..........:...........................:.:..........:... _ _�............................... _ ._.............. 48 .........._ ............� ..................................................................................................... 4Y ..................:.....�....:.....................:....,............................._...................................... 50 ............................._ ..:......... _ ,.......�.::. _ .................................................................. 51 ...... _ .............................................................._ ..................................................... 52 Buyeregreesthatunlesso�herwisespecified,BuyerwillpayallcosLSOfsecuringenyfinancingtolheextentpennittedbyiaw.endtopedormallacts 53 necessary m expedite such financing. �. � . . S4 ADDITIONAL ITEMS INCLUUED W SALE� . None.......... _ ............................................................. 55 _ ................. _ ................. _ ....... _ ................... _ ................................... _ ....._ ........... S6 ..... _ _ .... ........... . _ . ... ...... ... ......... ............. .... _ ..... ........... ....... _ .... Sl Il'EMS NOT INCLUVED IN SALh' ":'v ie. ..... .. ......................:............................................ 58 ............ ... _�.�.............. _ ............... . .............. _ ........ _ _ _ ........ _ ._ ............ _ .......... 59 60 Scller shell, upun payment of the pmihase price, com�ey tlie property Ay warran�y 1 Q or o�her c- r ce pn -d d he ein, Gc nd clear ol all 61 liens and encumbrences, ezcepting mumcipal and zomng ordinances recorded easen <n� �or public w'I'tics IocateJ adja em to side and rear Iot 67 lines, recorded buiiding and use res[nnions and mvenants, general taxes levied in the }'ear of cbsing and none others 63 ...... _ ... _ .................... _ ........ _ ...................... .... _ ......................................... 64 legel ssession of � " �" " '� po pmpeny shall be delivered m Buyer on dam uf closing. 65 11 is understooA Ihe proPertY is now�y�qj��x... . vaGap[..land ................ _.................. 66 MWYMYHRQYASdSF�INmKR19C��IWIC2Alf9(Yt ..............�................ ....... .............................. ............. .............. b% ............ ........................:.. �. i..................1... ..... .................... ............... ............ 68 Occupancy of ...piopeLty .............. shall be Kiven to Buyer on .date..and, time oE.closing................ bV If Seller is permi¢ed W occupy prnperty elter closing, Seller shall prepay occuVancy charge of 3..n�a .......... .... 70 payable as folluws:........ n�3 ............ ........................... .. .................... ............ ......... ...... �� . In eddi�ion. �h0.sum of $.... P�d .......... ... shall be withheld from 1he purchase prioe to be escrowed xith ......9�..1...... 72 ....................................... _ .. _ ................... _ ...................... _ ............. _ _ .............. _.. 73 �o guaramce delivery ofoccupancy ro Buyer AND FOR NOOTHLg pURI'OSF, uliich vum upon Seller's (uJure todcliver occupancy shall be 74 pmd m Buycr as Iiyuidated damages or re�umeC �o Seller if wcupancy is delio�cred to Buyer nn the a�reed dare. �s �aexxxxx,uxac��nxwx�;!x+,�xa�nx�umxxs�s�sc�tk�xm��xK�kxx�kxxx�xRre�lxxxx�°;�4x �e �xxzxxx�xKrxxxxx�cxxxxxxxaanw�€a,wn;�xx�xxAxxx�wwtt��wx�w�rasnxxx��w:cxx,mxxxx.xxxxx 77 IR%XX%XYH3:mis o7cr shali becom. null ar.J �-oid if not accepted 6y Noven�ber 2] , 1986. — 17a — RESOLUTION # 383 78 If �his olicr 3s aecep�eC, ii �6ail nn� become blr,dng vpon Bcyer unGl a aopYpi nceep�e� of5er Is deposimd, pos[age pmp�id, ln �he Uni�ed Suu.e 79 mels,aJdressedmB�yerai_Coldwell.Banker, S�hwz�,Rea1�y,1.Ld..,,435.A1$o,ma Blvd.�,_Oshkosh,, ...., .,,, 8� . 1d1.. 549O1 ...:... ..:...... ....... ........ ......... ................ , or bY Gcr nsl dell.�cry J�crcol. BI 'fhla imnsenim is m be closcd a� �he o�ce ol Buyer's r ortgagee or at the olice of ..��1(1K21.�.$d��CEL..�Ci1H66.. _.... _... &2 ..Realty. Ltd....435. Algmoa..Blvd....45hkosh,..WI.,..5490.1........... _.... _ ....................... _, �,� �� nrr�,.� B3 . Aecemhe[. 5........... _ ............. . I9 ..86. , or at such other time and place as may be agreed in wdting by Huyer anJ Shc,:r 84 Scllcr rcprcscnts m Ruyer �hal ihc prnPCnY is zoned ... C-2 ...................................................................... 8S....... ........ . . ......... ........... ............. ........ ...... . ...... ............ 8C Seller warrants and ct esems to Bu cr �hat the propeny is not localed in a Owd plain, as per Floo(I InsuranCe .... ... ..._... 87 ................ Rate Map 5 OSll 0010 C .._....... .............. ......... ... . .......... _ ....... ... _ .... ......_.... , . . 88 (CnuOOn' RcCer �o watlauJe regula�ions.) � � � � 89 Seller wurranis and repaxenu io Huyer ihat Szller has no nolice or knowledge of any: 90 (n)planned ne wmmenccd paMiG Improcement whlch may �eeult in special a�sessmencs ov othuwis< matedally aRea the propetty. 91 (bIC,°vernmem agency or wun o:ucr requlnng repnlr, nite�ation or tortactioo of any existing condition. 92 EXCEPTIONS70WARXA.N"f1ES.4NDREPRESiNTaTIONSSTATEDINLMHS86T091:...,None, 93 ....._..__ ....... ........._..,,............ ........... .........,... ..._.... .......... .__...... 94 .........._ ........... .� .... .. � ..............�. _ ..... ........ .. ..... . _....... .............................. .............. 95 ............................... _ ,....... ...........................:..................... ...................._ ....... _... 9G....................................................... _ ........................................._ ......................... 97 Into�cst, rems, weter and sewer use char5es nnd homaowners associalion assessmems she0 be p�oramd es of the da�e of closing..4cerved 96 Income and expennes, IncLidiny taxes (or ih.: day of closine. shall accme ro$eller. 99 Gena�.l �eres sha;l be pro�azetl si tlie ilme �� closing bu=ed on �6e nci ycncrai �axes �or the current year, ifk�own, o�herwise on the nm genere IUO taxcs !or Om preceding yeor. 101 CAUTION: 11 pvopetty has no� bcen fully asscssed lor tax purposes, or �eassesxmeN is wmpleted o� pending, �ax proratinn shell be un Ihe ba�6 of IO2 $. See beloW .. , esti�naicd annual tax. Mnke special agreement i( area assessmenqs) isi are comemplated andfur hnmeuwneis ]03 asmcielion has assessed or may as+ess. ' 104 Special essessmemt, if any. fcr wurk on sile acwally cominenced or levied prior to date of lhis oRer shall be paid by Seller. Ail o�her speciai ]05 assesements, induding any contemplated special assessments, shall be paid hy 8uyec � 10( Sellcr ,.hull fumish oed ticlircr m Buyer (or exuminutiun at leost I S days pnur m the dute set 1'or closing, Seller's cholce of eiiher: I07 I. Acnmplca•aAsvactuftidcnmAabynnatnetrumuompany.ex�endedmwilhSniOdoysof�hetlosind.saidobsrcacttoshowShcer'sliilemAe lOB mutketahlenndinthecondi�iuncalled(orbylhi�agreeme�t,except(o�mottgages,judgmentsorothecGe2swhichwillbe�a�uGedomul�he 109 pmc:isli o( �he sale- Ru�e� shull no�ify �eller in writing o! any vuild objec�iun �o Ihe �ille withln 10 days af�er the receip� v(snid ob�vxn end 110 Shcer �hnil tlirn hn�-e a rcasonuble �ime bw not e�eeaJin6 60 days, wlihln which to rec�ify the ti�le (o� furnlsh a UOe poiicy as heminafte� I11 p �ii�d) nJ in s h 'c� thc C f cl :Ing shall b a�cordingly ex�enJed; or 7 12 2. An �� s pulic� 1 wl i suran ' tl � omount i ih � full pur�hase pnce neming Buyer as the insured, as Buyei s inlerest mey appear. 1� wnnenb;ams�nnsibkudclnsurancccompanyficenaetlbytheSluleolWisconsin,whkhpolicyshallguarea�eeSeller'su�lembeincondtlion ��4 c-vlled for by Ihls agreement, cxcept for mortgnge�, jod6mems, or other liens whlch will be sn[isfied ouf of the proceeds of the sale. A 115 commi�membysuchatitl:cumpsny.nymeing�nls.;uesuchntitlepolicyupontherem�dingo![heprnperdocumentsasagreedherein,sha0be 11L tleemctl m0iden[pedi�m�ancc. 117 I( �his olkr pruviJe� lor u land eontrac�, �he seme evidence of �i0c shall be fumished prio� m the execution of the Ia�M conlract, end Seller shall 118 Pumi�hwriuenVrouf.ntorhePoredos7eg,thnt�hemtalunderly7vg7ndebtedness,lCeny.lsnotinezcessoftheproposedbalenetofNelendcomract. 1�� ontl tha� ihc naymenis u� this IanA enntracl a�c sumaiem m mee[ ell of the oblig�tions of Szller �n the underlying indeMedness. 12U Should8uyer1ailmcarryowihisagremenc,allmuncyp:uAherwnde4incluJinganyaddltinnnleamestmoney,shell,a��heopfionofSeller, 121 p¢ paid m nv ainineJ by Seller a� liqul8amd domages. IC such money is held by Brokeq Bmkar shall doborse such money as �ollows: 122 I. 7"o flu��eq if Scller has nou�o�ifieJ ftuyur nn� Hroker in writin6 of Seller's elecuon to consider all money paid hemu;ider as liqwda�ed dameges 123 or pnrt paymem for specIDc �wr(ortnance wi�liiv 60 �uys of clpsing date sc[ forth in this egreemem, or; 124 ]„ ToSellernrliyuidatcdd'amnges,suh;en�odc5uoionsof&oker'scommissionanddis6ursemems,ifeny,ifneilherPartyhascommencedeiaw � 25 suit un Ihis mauer wilhin I?U day.+ of the cliuing dum set forth in �his egreemem. 1P6 Should Scllcr be Unable �u carry om th�s agrezment bv reasonofavnlld Icgaldefecf in �ille which Buyet is unwillingto warve, all mo�ey lz� paid heec�mde� rhal: be (emrnxd m Nuyer lorthwith, and ihis convact shall be void. 128 SPFCIALPROVIS�ONS:.......Ther,e,.will 6e.�o.taxe$.AUe_�o.;.1.QQQ ........................_.........._........ 129 ............................................................................ ................................................. 30 ....... . .................... _ .............................................................................................. 13t..............................._................ _ _......._........._.. _ ... . _ _ ......................... _............. 131 ..........................................................................................................._................ l33 ... _ ............... _ ...... .................................. _...........,.. _ .................................... .......... 134 ..... _,........... _�....... _ ................... _�...............................,...................... _.... ....._....._ . . . . ...... ....... . _ ... .. . ......:. ....... ... .. .3G �� e�v n ree�,f uy d�rsmn�sandaakiiowtedgeamcaipto�'neoppofWUOfferlopumhace. BUYERISADVISEDiHATHROKER 13� HAS AN AGCNCY RP:I.AI'IONSHIP WITH SELLER_ . , . 13H -� �i.�+ . . .....� ........ .... ... _ ..... ........ _ _ ............ .........._ ..... ... - CLlv�•r.l�.. .. 139 J mes L. Jnq enb. g� D.C. �(Auyer). . . (Buyer7 140 G THIS OF�HR iS N77RERY' ACCF.PTED. THE WARRANT7BS AND REPRESGNTATIONS MADE HHREIN SURVR'F THE l41 CLOSING OF TfIfS TIiANSAC]16N. THf3 UNDtiF.SIGNFD AP.REBY AGREES TO SELL AND CONVEY THF ABOVE- 142 MfN'fIUNEDPR01'ENTYONTIIkiTLRMSANUCONDI'CIONSASSETFOR'fHqNDACKNOWLEDGESftECE1PTOFACOPV 143 OFTHISAGRESMIiNL � 144 ............ 19 ...... ...................................... ................................:........................... lA5 . . . (Seller I46 _...._ ..._....�.._. ..._._. ..___ ....... ......._. ............... ............:........... .... _ .. . . . lq7 Of Selkr is murtied, spouso should sign.) ISellar �48 � EARNEST M170NEY RHCEIPT I A9 F.amcs� money in the amoum of 5 ....................... .............. .. . in form oL ._........................... _...... . ]50 ...............:... ..................................received lrom .........................._ ....... .................... �57 ,,, ,,,,,,,,,,,,,,,,,,•,,,,,,........,_...........TMeundersignedherebyagrees�oholdsameinenaulhonxedrealesla�e�ms 152 scouni �n Wie.oroin, or vnnsmii the seme in acrordonr,e with the terms u( Oie above oRe�. � 153 This offer drafted by W. Robert Bruce � �� '�� - ,grokei ....... .........�.. _ ............�.�........ 154 ...........19.... .. . . � . ........ _ ........., _'.. . . ]S5 ... Bv ..:..........., �. . . .. ............................................ _ ..... � ... ,..��; tr,:.; ul.�l�ao. - 17b - � N i __ i �_= i w E I s I � iiI ; �IGN - i i :. so. Maiu ST�ET � AoP40x. /o4=D� f"Z__ _q _ �l' _ _ 't+„" ". _ _ i 1' I ' � , � � ' � I� � , � q � n� P ' � � 1�' ('3 � - , �� G ca � L �-�'- - - - , . i i � n� � � �� ' � I � O i V I v � L _3..yti, � � � �� : ,�- �� N.C.P. ��_ � f � L - �� ; � � � �'.—_ . _� � � � � � � � CUS'fOMEK � N I -' PA�Ki N4 � � E � �� i �'ti ! — ,: '—•�. -'� , i ,. j � '�: �__ --� �' EMPLOYEE •-.�� .n�� i4 rri <�Tr � n�ni I�f RESOLUTION # 383 W � J 7 Q _ � � 3 � v V' , 9 C7 Z 0 c+ �i- � � � c� ;� Q .-- ,� tp F �� N O \'w�'e �� }k� ` � � _. _. ...._.. _. _ .�.. �,.. .. : , c7 3 n o .Z7 -i A O m z O •• D O �G O � � � 3 ➢ aa .� � 'S O cn < fi � N (n h � � O M � C � a C N r a � n rn v� 0 � � � N � W W W ��r.'.�) Pli'� �+3 cj �