HomeMy WebLinkAbout34138 / 86-337October 16, 1986 #337 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PUI2POSE: SALE OF SURPLUS PROPERTY - VINLAND 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,
Si7B3�ITTED SY
APP�iO4E�7 �_! _i��
- 21 -
!�!
' ` �. �. � �. � ..: ,.
. ,
�
` ` RESO,LUTIJN #� 37 �
wn�u v.�a�� �a�a orc., ro p�,�n„e w�.�o��m �.�e,i aia�4 c,., i��:.
Appmvtd Ay tAe W is:omin Dryartmrnt uf Regulation and LicrnsinR Milwaukce. Wis.
S-I-N:
VACANTLAND OFFEft 70 PURCHASE
1 ......................... ��.lYi.l`_'�._... . Wiswnsi�. ................ _............ �O/.�............ , I980.
2 TheundersignedBuyeq.......�L41,/l2,(2....�'.{.V.�C.....�J ... ... p�j. .......
3 herebY olTers to punliaze lhe propettY Imown�asp .......�ti.:{N.. v.MSk.+.-.G�...4i' ............... _............... _.........
4 in �he .. . . . .CS�7. . . . . . . of. . . .. .4C�r44'hr.'t��. . . . . . . . .. � County of . . L(/ . .. " .............. . iseonsin.
5 more particularly described ea: .....�...�} .� �'��., A .. . If �n
6 ................ . ......��Ca.Y .
Sr:�-��.�A�!'.:�..ap..7t.,i�....... �..:Xr::�...... ......""_.....
. .. ... . .....�.... . . .. ..
7 .g..c� LU �C�c-.f.!JL4�.�. _(Yzi.-... . �, @GK-'� .
1 , , . ,. .. .�..........
.
s_. _ ......_....l..+�..c.o : (��„,,.�,,�� �wr. .. ..........................................................
"""'7"/'. ..
9 ............. . p..�..�/.� .. .Ja........./.' /.1 ".'..)............:..................................... _..........
IO atthepnceuf..�}-�i'. .�((M}d%ti.,�!.�A..Y�f/,�(.L��A'.41d�c�.lt,Q...—
..........................................................
11 Dollars($...�i...CJO..... ..) v�d on Ne lertns end condi�ons as follows:
QEamestmoneyof$.g�pF.�. ...�enderedherewiN.Additinnaleernestmoneyof$.....".—'.........in�hefomof —............
13 �� .p .— m ue Paid wiWn ..--. ....... daY's of ecceptance af oRer or on .—.........
14 �.K�'�!. �..�1(' � 4.6RGt G.. .. , gnd thc balance in wsh at closing or as he¢efler set forth
IS 7fthisofferistheresult��co-brokerege�enallmoneypeidherewithshellbeheltlinthesellingbm4er'swstaccountimiiitlieacceptanceof
�F this ofl'er and shall be vensmitted to ihe lisuug ,nuker upon such acceptance.
19 AJdi�io�al eemest money peyments shell be made io the liating broker end held in ihe lic[ing broker'� Wst eccounl or ..:...........
. .... .: . ..
� .........
�9 7j!�7E'.�SOFTHEESSENCEAST0:.41)UITIONALEARNESTMONEYPAY111ENT,LEGALPOSSESSION,OCCUPANCY:AND
20 DAT[ OF CLOSWG. (SVrke Nose no1 aoplicnble.) �
2� TH�BUYER'SOHLIGATIONTOCONCLUDBTHISTRANSACTIONiSCONbITIONEDUPONTHECJNSUMMATIONOFTHE
22 FULI.OWING:
� (If�hisoRerissubjecl[ofinflncing,peroolalion�esqspecificzoningoruse,eppmvalafrewrdedbuilAingendusercsVictionsBnOCOVenants,oreny
��J other contingenty, it mux be stated here. If none, so sta4.)
25 .. /.-.1... . .. .!� . . ..� ............ ... .... .. . ..
26 . �+t.� . ..... _ ..� ..... .... . .....
..1,�... � ..�K.w . .......... ...
�!v�.�-.�'% .p�d.-�.41��'-rdjF..,?,d�+,G�..Q��:......./9��..E.Q ..................
zv�..... _... v .........................................:.........:..........
28 ..._ ......%�-/i!�� ...................................................:........._ _................_ __...__..........
7
29 .�. �1� .��.�3..�'. .. .....n........... q �
sn �! . ...Lk�aJ'r%:�1.C4i�..,.'L�.a.<v.'. X. �t.. ��'[�R�un.JF....�W-� f�. Q,d,!!.... � ... .. � ... � . � .. .....................
JI........... ...................................................................:...........................:.................
32 .. .. .. ... . ..... _ .. ....: .... . .:... . . ..... ............. .. ............. _ ........................
J3... ........... _` .. .... ............�. ... �........... _ � .........1.............
34 ....................... ...... ..... ............ ... ............. . .... .. ........ .
. . ... ` ......... ...... .
...
35 ........ . . . . . ., - .. .. . _ ........ ... .. .. . 3. ... ... . ... .. _ � •_ '
.. . . ...... ._._... .. .....
16 ........ .... . ....... ....... ..._� .,. ...... .... . � ..........�.. .�. . .....,
... . ... ......................
37 ....... .. . . . .t�!7. ..... _ryi . .�..... .: ..
i6....... .. _ ..... .. _ ... .... _ .. ..... .. .. _ ...... . .. ..............
. ... ......� ... . ..... ... . ........ :........... _ .... . .....
...... . ...•.... ..
39 ......... ..................�..... .. . .......... ........ . . '?,B ... ..,... _.. '
. . .. . ... ......... _ ..............
-00 ........... ` ....... ............... .. ............. ...... .... ..... . ....... . ........... ... ............
41 ...... .... .. ....i.. _.... ' _
.. ... ......., ..... . . ...... . ... ..
.. .... J ......... ....... _... ..............
a2........�fy........n.....,...,,�.........,, ................._ . ....n........................ ......... __ _. .... .......
ea - ' v-.,���'�_J '�Y^`�'i�_-.a
44
as
�6
47
4A
J9
50
51
52
53
54
55
S6
57
58
59
60
bl
fi2
6J
6C
65
fi6
67
h3
69
70
71
72
73
74
75
�6
77
......... ... ............. . . ... ... . ...... ............. �.................
... ..........
3 .... .......... ...�a9..�?6..C.�. o�.C��.4arr..........
' .........:...u?'''.. ...Q . ... ,� k��.�kr�
...................................................... . ...... . ..... . ...... ......................
roK.Q. �. r��
..... _ .....................��.......
......................... ..............Fi".<< .........�K`.�p:`.: .........................
.............................................................................................................................
...... ....... _ _ ........................ _...................................................................,...._.......
Buyer agrees �het uNCSS oNcrwise specifed, Buyer will pay ell costs of secunng xny f nenci�g to the exknt pertnitmd by law, and m pedorm ell ects
necessary m eapedite such (�nancing. � .
ADDITIONAL REMS INCLUDED IN SALE: . XQX�! ......................................... _......... _...............
... _ ............................_ ...........................,..............................................................
......................_ ...................._._........_......,.............:...............................................
ITEMS NOT WCLODED IN SALE: ........�Csatpr ........................................................................
.................. _ ........................................ _ ...............................................................
.................................................................................................... _........ ..
Seiler shall, upon payment of 1he purchase prim, convey the property by wartanty deed, or oiher conveyance provided hemin, fine end cleerof all
lien> anJ encumbrantts, excepting: municipal and zuning ordinances, recorded eesemenls for public utililies loyca�ted nd.jaunt m side end rear lot
lines, recorJed building and usv, rcslnctiony and covenan6, generel taxes levied in lhe year of closi�g end ..�!�!�y./.�C$.s,<.{!',...........
.............................................................................................................................
Legal possession of property shall be delivaed m Buy�eJr on datpI�'ro�f clwing. ��'
Itis unders�ood �he Property is now occuPied by ..Y.��M'.` ...................... .........................................
undzr(oralieese)lwriiten lease), which terms erc� ......................'..,........................ ...............................
................................ ......................... .......... ... ... . ..
......... ............
......... ..
OccuPency o! . . . . .... . . . . . ... shall be Biven to Buyer on ...... ' y'. }+J'
If Seller is pertnitred to occupy property after closing, Seller shall re a occu anc char e 3 �
........................ P V Y P Y B ..................................
payable as follows:......... _......... .... _ ......................................�_.......
In addition, the sum of $ . .. . . . . . . . . . . . .. . . . . shall be withheld from the purchase pnce lo be esemwed wiN ................
........................�....................................,.. _ ............................................................
ro guarantee delivery of occupancy b Buyer AND FOR NO OTHER PURPOSE. which sum uW^ $eller's failure to deliver acupancy shall be
paiJ m Buyer as liquidared damages or reWmeC to Seller if occupanry is delivered m Buyer on ihe a5reed JaU.
All eemes! mon y peid sheil be a,ppiied toward paymenl of the purchnse pnce if Ihis o�Ter is accepteA on or before m... .,,
} �.. ....
�.. �F �$, ......., 19£i S?. .; otherwise, to bc retumed to the undersigned Buyer no le�er than . A.:T .,/.
. an ..... .. 9 ................
19 y'� . d ihis afler shal) txcome null ertd vad.
— 21a —
��
F
78
79
BO
Bl
82
83
84
B5
B!
87
88
89
90
91
92
93
94
95
96
97
')8
9'J
100
IOI
IO2
103
wa
�os
l06
lU]
]OB
]09
110
I11
112
113
Il4
115
IIG
� IV
118
i 119
12U
]II
� 122
�� 123
�za
125
� 126
127
128
j29
� 130
131
13Z
+- 133
134
� 135
13G
I 137
138
139
It0
I 141
147
143
l44
1 5
mails,addresseJtoBuverat..e� ��..U�.yA�„�49Y"'!..�i1800pyolacce)�ptedo�lie�i�depnsi[ed.Ros7e�I'ropy3�-thcUnf3dStntes
IfthisoRerisactt ted,ilshell�inibvcomebindi � vion0u�erunt
, � ° . . , . . . . t . . .s�?4Qi../',�-0S.� IA!ti., . ..�✓�`IO/ .. ... . . . . . . . . . . . . . . . .
...................................... _......._ ............................................... or by perzonal delivery thereol.
This vensaction is lo be cbseJ ai We u�Lce ol Huycr'S nortgagee or et Uie oltice uf .�i�4'M�. �j.�,Qfi'T .................
. .... . . . . . .. . . . .... . .. . . ... . , on ur before
, or at such oUer Ume and place as may be agreed in writing bv Buyer anJ Sclicr.
... ..... ...
.. .... ...Q ....�Q._ � 19�� ..
Selkr reprcsents r. I;uyer tha� �he property is zoned ... .� �.�.,6 .. . .. . .. . ... .. . .. . . .... , ..... _ ... �.
................................................ _ _ ......................................................................... :
$eller warren�e end reprcsents W Buyer that lhe property is mt loceted in n Oood plain, es per . A�!-!..^^�! ............... ........ !
................................... .............�........... _ . _ ................:............................ _ ........ �
(Cnution: Re(eo m wetlands rcgulaiions-) - � �
Seller a�arrants end represen[s io Buyer �hxi SNler has no nolice or knowledge of any:
(e)planned or commencea public impm�'ement which may resWt in special nscessmenls or otherwise memdally a(tec� Ne pmpeny.
(b)eoverrunem egency or cowt oeder rcquiring re�eiq xlteration or mrrc<tiun ol any exieting condition.
EXCEPTIONS 70 WARRANTIBS AND REPRESEN7ATIONS STATED [N LWES tl5 TO 91:... �r`.'../ .............
........ _ _ ............................................... _ ................................................................
.... _ ................................ _ ..... . ................,...............................,....,...........,...........
..........................................:.....................................�.............................................
..... .. ._......_. ....... ... . .. ................ ...._... .._. ..... ....._..........._. ...
Inte esL rcnis, weter enJ sewer use cherga end homaowcers flssomation assessments sha! uc prorated as of the dale of dosing. Accrued
income and expenses, incindmg taxes (ur the dxy of cins�ng. shall accrue tc Seller.
Generai taxes shall be prorated at Ne lime of ciusing based on the net generel taxes for ihe wrrem yeaq i( knowq oN<rv�ise on Ihe nec yencral
taees tor tl�e preceAing year.
CAUTION: Ifpropeny has no� been fully assessed for tex purpuses, or reassessment is comple�ed or pcnding, tax proration shall be un the basia ol
S. . .. . estimated annual 1ax. Meke special agreemem if area essessmem(s) is/are contemplated and/or homeowners
assucietion has assessed or mav esseas.
Special assessmems, if nny. (or wrnk on sile nctuxlly commenced or levied prior to Jate of this oRer shall be paid by Seller. AII other special
easessments, induding avy contempinteJ spcuiel asseseme�GS, shall be paid by Buyer. �
Selrcr shnl! '-n�sh aud del[ver m Iluyer for examineGon et least 15 dnys prioc to tlie dale set for elosing idier's choice of ei�hev
i. A compkte :��,svaa ol �i�le made bc en ebsttnet eomFlan}', ettended �n W i�idn 3U dxys r�l ihe tlosing. said absvect ro show Sellei e �itle w bc
marketnble and in the mndition called fnr hy this egreement, except (or mortgxges, judFrnenls or olher liens whmh will be setisfed out o[ Ihe
proc:eds Mthe snle. Buyer shnll imtifp 3etler in writing of any vnlid objec�ion m �he [itle within 10 deys afmr the receipt of said absvact and
Selkr shall lhen heve x reasona6le time but nut exceeding 60 dnys, within which to recti(y [he title (ur fi�mish a ti�le �wlicy es hereinafter
provided� and in such cases �he time of closing �i,all Ae eccm.^'�.gly ex�enAed: or
2. Av owner's poiicy of title Inmrance in Ihe amoum ��i ihe foll purchese pi�.r mm�ing Buyer ne the insured, es Buyer's Inlere�s� may eppear,
wdVen b; e resM��sible title imurance compeny licensed hy the Stete of W iscansin, which poliq eba0 guaranme Seller's title �o be in condi�ion
ca0ed for by Ihis xgrecmenL excep� for mortgages, jodymen�s, or o�he� liens which wiil be satlsfed out ot the pmceeds of �he sale. A
� mitmentb}suchatitiemmpany,egreeingtois;ueeuchatitlepolicyupontherecordingoftheproperdocumentsasagreedherein,shallbe
Aeemed suflicient pedumixnce.
11 +l�.ls ol%r provides fnr n IanJ oontrac�, the some evidence oClitle shall be furnishetl prior to the exewtion of the land comract, and Seller siiell
furnfsh wnuen proof, et or beli�re elosing. Oiat the lotal underlying inJebtedness, il'any, is not in excesti oC�he pmp�sed balnnee of the lend convact,
end �6et ihe peymenl< on thiv land mntreel �ve suRcient to men oil o( �he obligations o! Selier on tl�e wWcdying indebtedness.
Shodd Buyer Inil ro carry om thls ngrcement, ell money pafd hereunder, induJing any additio�al earnest money, shell, at �he op�on of Seller,
be paid m �• retamed bp Seller as liyuidated damxpes. If such moncy is held by Broker, Broker shall dlsburse such money as Ibllows:
L ToBuyer.i(Sellerhas�otno6�iedBuyerend9mkerinwritlngolSeller'seleclionloconsiUerallmoneypaidheremderasliquidateddameges
or pert paymem fnr specifc neRormance within 60 days of closing dete set [orth in �hls agveemenc, or,
2. I'�� Seller es liyuidnted danws.s, mhJecUO Aeductiona of Bmkee's wmmission and disbursemenLS, if any, if oeither party has commenced e law
suit on �his me�mr within 12U ATys of the closing da�e set forth in lhis agreemen�.
Should Seiler be unaMC !n carty wt �his agreemen� by reasnnoffl valid IeR��delect in ti0e which Buyer is unwillingto waive, all money
paid hereunder shaL' be reWmed W Buyer fonhwith, and �is cemract shali 6e vmd.
SPECIALPROVIS�ONS: .� ................................................... _ ...............................................
.... ......................................................................
....... _ ....:........ . _ ...................................�........................................ _ ..........�. �-. _ ..
.. .................... ............................
...... ............ _.. .... ...... ......... _ .................. .........................................
Buyerhasread.lullyundersnmdsan�qcknowledpesreceipto(eropyofNisofTerbpurchase..BUYERISADVISHDTHATBROKER
HAS AN AGENCY RELAiIONSNTWWITH SNIIPR. �
.___._.._...l,.�.�.. ... .......... ......_..._............._...............,...........
... . (By'er) (HUYer)
THIS OPFFH IS IIL'RE83=AFE'fF'7 P.D.'(HE W AI '.' 1Nl'IES ANU REPRFSENiATIONS MADF HLRFIN SURVIVF THE
CI.USWG OF l'HIS TRANSAI'IION_ THH UNUFNSIGNF.D HEREBY AGRF,HS 70 SEI.L ANU CONVEY iNE AtlOVE-
MENTION ED PROPF.H fY OIV 7HF TEIiMS AND CONllI710NS AS SET FOR"Ptl ANU ACKNO W LEDGES RECEIPI' OF A COPY
OF "fHIS AGREiMENi.
..................... _.....�_.,........ 19��a` ....................................._................ .....
� � .. (Selleq
; 146
� .............::.............................................
14� ........_ ............._.............
................ ....
(If Seller is married, spouse should sign.) (Selier)
' 19H �, EARNEST MONEY RFCEIPT
q" i
I � Eamest money m Ihe amoum of S........�v.CSp.'� ............... ...' fom f. �,'�+La-
. , . .................
150 ........................................................received fmm .
.. . � ..............................
151 ..... ..... .......... .. �...... .. ........ i.. .............. The undertigned hereby agrees to hold same in an auUonzed real es[ate wst
152 3ccowt in Wisconsin, or transmi� the same in acrordenre wi�it the terms o( �he abovne oller.
5 � ��yQ i ^^-�'�"'�. !fE�1. G�+.�...,. . .. . B.ok«
........ ........... �.�u-!!. _�, iv�t�. .. �L� a�G�-�+14-.a-K,w�.
. 15 ���ti..��.�_r�
, uy........ �� , . �. ,x,., ,
_ � .. , ........
r � P r
r. _ - _
- 21b -
:'� �� -� - -, .
�
� o
c+
� O
n �p
'S
N
�T f\ O�
.q
W
Ql
n 3
ao
��
.-. o
m z
O••
�G O
� �
N -{
�
v
C y
��a
•-- �
a o
� <
a N
N (/>
c+ y
N N
N
c+ O
�
N
C
�
b
C
N
�
Z
�
�
�
�
Cf
�
.Z7
m
N
�
W
W
V
/�
��
V�
ea
�