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November 14, 1985 #la RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: CONSUMMATE SALE TO EASTERN TECHNOLOGY
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the City of Oshkosh wishes to sell certain property
in the Southwest Industrial Park to Eastern Technologies of
Wisconsin, Inc., and
WHEREAS, a dispute over the title has arisen between the City
and Castle Corporation and the First Wisconsin National Bank of
Milwaukee, and
WHEREAS, Eastern Technologies is reluctant to consummate said
sale unless the City will indemnify Eastern Technologies and hold
it harmless from claims of both Castle Corporation and First
Wisconsin National Bank,
NOW, THEREFORE, BE IT RESOLVED BY the Common Council of the
City of Oshkosh that the proper City officials are hereby author-
ized and directed to enter into an appropriate indemnification
agxeement protecting Eastern Technologies from the claims of both
Castle Corporation and the First Wisconsin National Bank.
BE IT FURTHER RESOLVED that any money necessaty to ensure this
indemnification is hereby appropriated from:
Account No. 775-999 - Industrial Park Land Expenditures.
SU$MITTED BY
APPROVED
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