HomeMy WebLinkAbout31550 / 81-09September 17, 1981
?UR?aSE: SFLE 0� Ii�DUSTRIAL LAND
INITIATED BY: CITY ADMINISTRATION
# 9 RESOLUTION
WHEREAS, CHAMCO, INC. has an option agreement with the City of Oshkosh on
City owned industrial park land, and
WHEREAS, CHAMCO, INC. desires to exercise its option on the following described
parcel of property:
A part of the iJorthwe>t Gua-te.^ ;ub!}) cf ±he Norr�,Wps± Q��arter
(NW�) of Section Thirty-three (33), Township Eighteen (IS) North,
Range Sixteen (16) East, Thirteenth (13th) Ward, City of Oshkosh,
Winnebago County, Wisconsin, containing 9•943 acres of land and
being described by: Commencing at the Northwest corner of said
Section 33, thence S. 890-20'-51" E. 665•75 feet along the North
line of the NW� of said Section 33, thence S. 00°-51'-56" W. 37.65
feet to a point on the South line of West 20th Avenue and being the
true point of beginning, running thence S. 00°-51'-56" W. 166.83
feet, thence S. 89°-20'-51" E. 100.00 feet, thence S. 00°-25'-58" W•
448.29 feet, thence N. 89°-16'-41" W. 731.20 feet, thence N. 00°-25'-
5$" E. 615.00 feet to a point on the South line of West 20th Avenue,
thence S. 890-16'-41" E. 632.46 feet along the South line of West
20th Avenue to the true point of beginning.
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 sell to
• CHAMCO, INC. the above described parcel of property pursuant to the option
agreement at a price of $10,500.00 per acre.
BE IT FURTHER RESOLVED that the proper City officials are hereby authorized
and directed to enter into a mortgage agreement wherein the City oF Oshkosh
will take and hold a second mortgage for the purchase price on the above-
^ described property. Said second mortqage shali be for a term of six (6)
years and shall contain no interest charges.
BE IT FURTHER RESOLVED by the Common Council of the City of Oshkosh that
the proper City officials are hereby authorized and directed to authorize
CHAMCO, INC. to grant an option to Lenox, Inc. to purchase the following
described parcel of property:
A part of the Northwest Quarter (NW�) of the Northwest Quarter
(NW�) of Section Thirty-three (33), Township Eighteen (18) North,
Range Sixteen (16) East, Thirteenth (13th) Ward, City of Oshkosh,
Winnebago County, Wisconsin, containing 10.004 acres of land and
- 9A -
J
.
Resolution- Sale of Industrial Land
being described by: Commencing at the Nor[hwest corner of said
Section 33, thence 5. 89° 20` 51" E. 665•75 feet along the North
line of the NW� of said Section 33, thence S. 00° 51' S6" w. 37.65
feet to a point on the South line of West 20th Avenue, running
thence 5. 00° 51' S6" W. 166.83 feet, thence S. 89° 20' S1" E.
100.00 feet, thence 5. 00° 25' S8" W. 448.29 feet to the true point
of beginning, thence S. 00° 25' Sa" W. 596.00 feet, thence N. 89°
16' 41" W. 731.20 feet, thence N OOo 25' S8" E. 596.00 feet, thence
S 89° 16' 41" W. 731.20 feet to the true point of beginning.
BE IT FURTHER RESOLVED that said option shall be granted for $1.00 and other
good and valuable consideration, shall terminate on October 1, 1983, and shall
be for a purchase price of $10,500.00 per acre. Said purchase price shall
increase 8$.on January l, 1982, and that price shall then increase by another
&$ or. Januar;� l, ?983•
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