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HomeMy WebLinkAbout33347 / 85-26, May 2, 1985 (CARRIED LOST #26 LAID OVER RESOLUTION WITHDRAWN ) PURPOSE: ELIMINATE AIR RIGHTS AGREEMENT; ENTER INTO GROUND LEASE/CENTRE PROJECT INITIATED BY: CITY ADMINISTRATION WHEREAS, Quarles & Brady, attorneys for the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 � : ,__ _ �c �'' � �- m ' x � �i. �:. C" �- � � N r � � � �� �z � � U� H rn 0 o a. � �a � � W,7, rt m � � � � � N � �, �w� C� fi�� �A�