HomeMy WebLinkAbout33839 / 86-14April 3, 1986
(CARRIED _
PURPOSE:
INITIATED BY:
]
�14 RESOLUTION
LOST LAID OVER WITHDRAWN )
APPROVE AGREEMENT WITH CHAMCO� INC.
CITY ADMINISTRATION
BE IT RESOLVED by the Common Council of the City of
Oshkosh that the attached Agreement with Chamco, Inc. for sale of
lands in the various industrial parks for the year 1986 is hereby
approved.
SUDMITTEll A`:
e1YPr ;) v± n
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RESOLUTION # 14
8 � $ � � � � � �
WHEREAS, the City of Oshkosh owns certain lands within the
corporate limits of the City of Oshkosh and desires to sell such
lands for industrial development; and
WHEREAS, CHAMCO, INC. is a non-profit Wisconsin corporation
interested in the industrial development of the City of Oshkosh and
having the means and ability to work toward the development of land
industrially;
NOW, THEREFORE, the City of Oshkosh, hereinafter teferzed to as
the "City", and CHAMCO, INC., hereinafter referred to as "CHAMCO" ,
in order to work towards the industrial development of the following
described property, viz:
A. SOUTH INDUSTRIAL PARK
B. NORTH INDUSTRIAL PARK
C. SOUTHWEST INDOSTRIAL PARK
agrees as follows:
THE CITY AGREES:
1. That by these presents, for and in consideration of Ten
Dollars ($10.00) in hand paid, receipt of which is hereby
acknowledged from CHAMCO, has agreed and does agree to hold until
the thirty-first (31st) day o£ �ecember, 1486, at 12:C0 P.i+i., time
being of the essence of this agreement, an option, subject to the
order of CHAMCO to purchase all of the premises owned by the City of
Oshkosh known as and consisting of the following:
A. SOUTH INDUSTRIAL PARK
B. NORTH INDUSTRIAL PARK
C. SOUTHWEST INDUSTRIAL PARK
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RESOLUTION # 14
and the City of Oshkosh covenants to convey by warranty Deed any
portion of said property thereof at any time within the above time
prescribed, to CHAMCO or such person or persons as CHAMCO may direct
for and at the price of Schedule attached and price thereof, payable
on delivery of a Warranty Deed by the City, subject, however, to the
further reguirement that this Option shall be of no effect and no
rights shall inure to CHAMCO or any other person or persons hereunder
or by any purported exercise of this Option, unless within the time
written notice of exercise of this Option shall be deliveced to the
City Attorney of the City of Oshkosh. The purchase price attached
hereto includes, for the North and South Industrial Parks, graded and
graveled streets, sanitary sewer and water mains and storm sewers as
needed. The prices for the Southwest Industrial Park includes graded
and graveled streets, sanitary sewers, water main and gas main and
storm sewers as needed.
2. CHAMCO, a non-profit organization, agrees:
a. To attempt to wotk toward the industrial development
of the land which is the subject matter of this agreement.
b. To sell land for use petmitted in the M-Zone of the
City of Oshkosh Zoning Ordinance and as limited by protective
covenants.
c. That they have adopted protective covenants for land
sold hereunder and before any changes to said covenants are
adopted, they will be submitted to the Oshkosh City Council for
review. CAADSCO shall monitor the enforcemnt of these covenants
and if a breach occurs which requires repurchase, then in that
event, CHAriCO shall assign its right to repurchase to the City
of Oshkosh.
3. This Agreement shall be terminable by either party by
giving to the other party six (6) months written notice of its
desire to terminate.
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RESOLUTION # 14
IN WITNESS WHEREOF, the City of Oshkosh, Wisconsin, and CHAMCO,
INC. have respectively caused this agreement to be duly executed on
this day of April, 1986.
IN THE PRESENCE OF: CITY OF OSHROSH
By:
William D. Frueh, City Manaqer
And:
Donna C. Serwas, City Clerk
CHAMCO, INC.
By:
Timothy M. Dempsey, President
And
STATE OF WISCONSIN )
) SS.
WINNEBAGO COUNTY )
Bill Hunter, Secretary
Personally came before me this day of April, 1986, the
above named William D. Frueh, City Manager, and Donna C. Serwas, City
Clerk, of the City of Oshkosh, to me known to be the persons who
executed the foregoing instrument and acknowledged same as and for said
corporation, by its authority.
Ivotary Public, Winnebago Co., WI
My Commission•
STATE OF WISCONSIN )
) SS.
WINNEBAGO COUNTY )
Personal].y came before me this day of April, 1986, the "
above named Timothy M. Dempsey, President, and Bill Hunter, Secretary
of Chamco, Inc., to me known to be the persons who executed the
foregoing instrument and acknowledged same as and for said corporation,
by its authority.
Notary Public, Winnebago Co., WI
My Commission•
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RESOLUTION # 14
SCAEDULE OF 1986 PRICES
A. SOUTH INDUSTRIAL PARR
Parcel #1
Patcel #2
S. NORTH INDUSTRIP.L PARK
Property lying South of Fernau Avenue
and Ea�t of North Main Street
All other available sites in Park
C. SOUTHWEST INDUSTRIAL PARR
All Parcels adjacent to Washburn Avenue
(minimum parcel size of 5 acres)
All Parcels North of and fronting on
Hwy 44 with a depth of 500' and a mini-
mum parcel size of 5 acres
Parcels south of, and fronting on Hwy
44 with a depth of 500'
All other available sites in Park
$10,000 per acre
$13,500 per acre
$ 7,000 per acre
$10,000 per acre
$25,000 per acre
$20,000 per acre
$17,500 per acre
$10,500 per acre
The City of Oshkosh reserves the right to reduce the prices herein
established for individual parcels for good and sufficient reasons as
determined by said City. CHA14CO3 INC. shall have the right to sell th:
properties which are the subject matter of this Agreement and shall
receive ten percent (10�) plus $250.00 per acre of the scheduled price
for incidental expenses.
Should the City determine to sell land for less than the scheduled
price, then CHAMCO's ten percent (10�) shall be determined by the
actual selling price.
The above schedule shall be in effect for calendar year 1986.
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