HomeMy WebLinkAbout31266 / 81-12PP.IL 16, 1981
# 12 RESOLUTION
PURPOSE: ESTABLISiRSENT OF MIDWEST ONE HOUR CLEANERS FAIR MARKET VALL'E
AND PURCHASE OF SAME
INITIATED BY: CITY ADMINZSTRATION
WHEREAS, the Co�on Council of the City of Oshkosh has approved the Re-
development Plan for the Oshkosh Centre Redevelopment Project No. 1; and
WHEREAS, the Plan Co�ission has certified the project to the Co�on Council
as prescribed in Wisconsin Statutes, Section 66.43(5)(d); and
wdF.�S, two appraisals have been made on tne property described as ioilows
(commonly Imown as Bob's One Hour Cleaner.):
L. M. Miller's lst Addition per Leach's Map of 1894, Lot 1 exc Com
at NW comer of Lot 1 south on west line, Lot 1, 10 feet ELY to a
point on N Line of Lot 1, that is 45.08 feet ELY of beginning WLY
to beginning, also all of Lot 2, Block 16, 8th Ward, City of Oshkosh,
Wianebago County, Wisconsin.
WIiEREAS, a review appraisal has been submitted to the Common Council in
accordance with Title 3 of the Uniform Relocation Assistance and Real Property
Acquisi[ion Policies Act of 1970 and requirements of HUD Handbook 1376.1; and
WHEREAS, the property and interest to be acquired includes land and build3ngs
exclusive of equipment and fixtures, both moveable and iffiovable;
NOW, THEREFORE, BE IT RESOLVED by the Co�on Council of the City of Oshkosh
that the Co�on Council certifies that the work of the appraisers and �he review
appraisal has been performed ia a competent manner in accordance with applicable
state laws, the Uniform Act, and Department of Housing and Urban Development
policies and requirements;
BE IT FURTHER RESOLVED by the Co�on Council of the City of Oshkosh that
fair market value for the Midwest One Hour Cleaners property is hereby established
at SIXTY FIVE THOUSAND THREE HUNDRED DOLLARS ($65,300), and that the proper City
officials are hereby authorized and directed to purchase said property in that
amount. Money for this purpose is hereby appropriated from Account No. 331-104,
Oshkosh Downtown Redevelopment Fund.
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BE IT FURTHER RESOLVED that the proper City officials are hereby authorized
and directed to acquire i�ovable fixtures owned by M3dwest One Hour Cleaners in
an amount no[ to exceed the appraised value of said i�ovable fixtures; and said appraised
value is TWENTY TfiREE THOIISAND FOUR HUNDRED NINETY SIX ($23,496.00) DOLLARS. Money
for this puz�ose is hereby appropriated from Account No. 331-104, Oshknsh Downtown
Redevelopment Fund.
BE IT FURTHER RESOLVED that the prpper City officials are hereby authorized
and directed to make a payment, upon receipt of proper documentation, in lieu of
moving and related expenses, in an amount not to exceed $10,000. Money for this
purpose is hereby appropriated from Account No. 331-104, Oshkosh Downtown
Redevelopment Fund.
BE IT FURTFiER RESOLVED that the proper City officials are hereby authorized
and directed to [ransfer the sum of $98,796.00 from Account Yo. 310-550, General
Fund Equity to Account No. 331-104, Oshkosh Downtown Redevelopment Fund. Said
noney to be repaid to Account No. 310-550, General Fund Equity, from the proceeds
of promissory notes issued pursuant to Section 67.1212 of the Wisconsin Statutes.
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