HomeMy WebLinkAbout31885 / 82-11PSAY 20, 19&2
# 11 RESOLUTION
PIIRPOSE: ESTABLISHifENT OF THE WfiARE BAR FAIR MARRET VALUE
AND PIIREiiSSE.OF SAME
INITIATID BY: CZTY ADMINISTRATION
WF�REAS, the Common Council of the City of Oshkosh has approved the
Redevelopment Plan for the Oshkosh Centre Redevelopment Porject No.l; and
W�REAS, the Plan Commission has certified the project to E�e Co�on Couacil
aa prescrf3ed in Wisconsin Statutes, Section 66.43(5)(d); and
WHEREAS, thr.ee appraisals have been made on the property describe� as
� follovs (commonly known as the Wharf Bar):
Moore's Subdivision of Lots 1 S 2, Block 3, Lot 1, except
south 6 inches, lst Ward, City of Oshkosh, Winnebago Countq,
Wisconsin
WHEREAS, a review appraisal has been submitted to the Co�on Council in
accordance with Title 3 of the Uniform Relocation Assistance and Real Property
Acquisition Policies Act of 1970 and requirements of HUD Handbook 1376:1; and
WHEREAS, the property and interest to be acquired includes land and buildings
esclusive of equipment and fixtures, both moveable and immovable;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh
that the Co�on Council certifies that the work of the appraisers and the review
appraisal has been performed in a competent manaer in accordance with applicable
state, laws, the Uniform Act, and Department of iiousing and Urban Development
policies and requirements;
BE IT FChtTW_ER RESQLVED by the Co�on Council of the City of Oshkosh that
fair market value for the Wharf Bar property is hereby established at FORTY
TfiOUSAND ($40,000) DOLLARS, and that the proper City officals are hereby
authori2ed and directed to purchase said property in that amount. Money for
this purposed is hereby appropriated from Account No. 331-104, Oshkosh Dovntown
Redevelopment Fund.
BE IT F[TRTHER RESOLVED that the proper City officials are hereby suthorized
and directed to pay a Replacement Business Payment upon =eceipt of proper
vouchers, in an amount not to exceed S50,000.00; to pay for fixtures in an
amount not to exceed $14,020; a payment in Lieu of Moving and Related Expenses,
in aa amount not to exceed $10,000.00: Money for this purpose is hereby
appropriated from Account No. 331-104, Oshkosh Downtowa Redevelopment Fund.
_ l t n _
SUBMITTED HY
APPROVED
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