HomeMy WebLinkAbout33347 / 85-26,
May 2, 1985
(CARRIED LOST
#26
LAID OVER
RESOLUTION
WITHDRAWN )
PURPOSE: ELIMINATE AIR RIGHTS AGREEMENT; ENTER INTO
GROUND LEASE/CENTRE PROJECT
INITIATED BY: CITY ADMINISTRATION
WHEREAS, Quarles & Brady, attorneys for the owners of the
hotel project in the Oshkosh Centre, have requested the City of
Oshkosh to eliminate the Air Rights Agreement heretofore granted
the City and in lieu thereof accept a Ground Lease for the
construction of the parking facility for the Centre Project, and
WHEREAS, elimination of said Air Rights Agreement and entering
into a new Ground Lease will affect various agreements between the
City and the developer and will also affect the UDAG agreement
between the City and the federal government,
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
City of Oshkosh that the proper City officials are hereby
authorized and directed to terminate the Air Rights Agreement and
enter into an appropriate Ground Lease for the parking facility for
the downtown Centre project.
BE IT FURTHER RESOLVED, by the Common Council of the City of
Oshkosh that the proper City officials are hereby authorized and
directed to amend all other agreements, where necessary, in order to
facilitate the termination of the Air Rights Agreement and the
creation of the new Ground Lease for the parking facility.
-39-
SUBa4ITPED BY
APPROYE.D
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