HomeMy WebLinkAbout33077 / 84-09NOVEMBER 1 1984
(CARRIED
PURPOSE:
INITIATED BY
� 9 RESOLUTION
LOST LAID OVER WITHDRAWN )
APPROVAL OF AMENDMENTS TO UDA6 GRANT AGREEMENT
N0. B-83-AA-55-0022
CITY ADMINISTRATION
WHEREAS, the Common Council of the City of Oshkosh has heretofore
authorized the City administrators to apply and accept a UDAG Grant in the
amount of $3.5 million for development of the Centre Project; and
WHEREAS, the preliminary approval date of said grant was December 29,
1982, and a revised grant agreement was dated October 28, 1983; and
WHEREAS, there have been many refinements and up-datings of said grant
and a new entity has been able to assemble a new method of financing the
Centre;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that Resolution #10, adopted February 18, 1982 be rescinded and
Resolution #25, adopted April 7, 1983 be amended to reflect that O.H.�.
Associates and A.K. Company are hereby approved and designated as the City
of Oshkosh's developer for the Oshkosh Centre Redevelopment Project to replace
Py-Vavra as the developer; and
BE IT FURTHER RESOLVED that the City Manager of the City of Oshkosh is
hereby authorized and directed to request the U.S. Department of Housing and
Urban Development to make the following amendments to the UDAG agreement for
said project:
1. Cover Page, Line C202, First LBC Due Date:
Should be Changed to 1/31/85
2. Cover Page, Bottom: Should be Changed to:
COMMENCEMENT DATE COMPLETION DATE
Construction 4/1/85 10/1/86
Capital Equipment 4/I/85 10/1/86
3. Exhibit A, Paqe 2 of 3, Rider Section 1.03(12), Line 7:
Should be Changed to Read:
"`Developer' shall mean a joint venture to be formed comorised
of O.H.C. Associates> located at 2 North Riverside Plaza,
Chicago, Illinois 60606, and A.K. Comoany, located at
41 W. 8th Avenue, Oshkosh, Wisconsin 54901, hereinafter
referred to as the 'Oshkosh Centre Hotel 1'enture'."
- 11 -
`JOVEMBER 1 1984 RFSOLUTION (Cont'd)
4. Exhibit F, Paragraph ?(a):
Should be Amended by Deleting January 31, 1984 and
Inserting in Place Thereof Januarv 31, 1985.
5. Exhibit F, Paragra�h II:
Should be Deleted in its Entiretv and the Following new
Paragraph II Inserted in Place Thereof:
ACTIVITY
Site Acquisition
Construction of all
Projects
Purchase and Installa-
tion of Capital Equipment
COMMENCEMENT DATE
April 1, 1985
April 1, 1985
- lla _
SUBMITTED BY
APPROVED
C�MPLETION DATE
June 1, 1983
October I, 1986
October 1, 1986
. .�.
�C N � y
n r � � z°
r � m t7 ••
m n ..
x� ' ��
�
n � �o
�o m ro
o� �3
�
J
�
,
�..._. _._._.._____�
�
N '0
�ro
rF ft
�c
m
C
d
��
��
n�
N (D
� �
(� ft
N
fr
�
0
�
�
x
0
m
�
�
N
N
�
�
/~
C��
E�