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HomeMy WebLinkAbout30575 / 80-23�_ r�bruary 7, i9so # 23 �soLVrzorr P"URPOSE: APPF3�VE AGRF�7Q�]T WITH QIAMLC), INC. II�7ITIFITED BY: CITY ADMINISTRATI�V BE IT RESOLUED by the Comron Coimcil of the City of Oshkosh that the proper City officials as� heseby authorized and direc.-ted to enter into the attaciied agraen�ent with Chamco, Inc. BE IT FURTAER RESOLVED that Parcel one and two retain 1979 prices provided the current negotiations with Thill, Ine. and Paine Lumber Company come to fruition. -23- .�' NORTH INDUSTRIAL PA?t:� � Purchase 1979 Assessments 1980 CY�arnco City Price Per Acre 1979 1980 Recornmended Return Return 2,000 ' 6,000 --- 13.20 10,000 1,250 5,83f 914 per acre N2 3,600 5,400 15.31 16.25 10,000 1,250 3,119 ,' 2031 per acre #3 5,500 --- 15.31 16.25 8,500 1,100 1,239 661 per acre H�t 2,(l00 5,000 14.78 15.67 7,Ot�0 950 i,229 2821 per acre � fl5 ' 2�000 5�400 15.31 16.25 8�500 1�100 4�2fi5 1145 per acre if6 7,000 5,400 13.20 13.99 7,500 1,000 3,500 1000 per acre il7 2,000 5,000 14.78 15.67 7,000 950 2,579 1471 per acre SOUTH IM�USTRIAL PA.RK Y,1 550 �1,800 16.£SO 17.80 8,500 1;100 1,332 3449 per acre f12 550 4,F3�0 13.20 13.99 8,500 1,100 3,7_].3 1323 per acre SOUTF![:'�T S.IrJUSTFt?A;, PAR}: �1 2,573 5,350 10.20 10.81 10,000 1,250 5,359 818 per acre ' #2 4,864 6,400 10.20 10.81 12,500 1,500 5,318 _, 818 per acre ' '- y A G R E E M E N T WHEREAS, the City o£ Oshkosh owns certain lands within the corp�- ate limits of the City of Oshkosh and desires to sell such lands for industrial development; and WHEREAS, CHAMCO, INC. is a non-profit Wisconsin corporation interested in the industrial development of the City of Oshkosh and having the means and ability to work toward•the development of land industrially; NOW, THEREFORE, the City of Oshkosh, hereinafter referred to as the "City", and CY.F.MCO, INC., hereinafter referred to es "CHAMCO", in order to work.towards the industrial development of the following described property, viz: A. SOUTH INDUSTRIAL PARK B. NORTH INDUSTRIAL PARK C. SOUTHWEST INDUSTRIAL PARK agree as follows: THE CITY AGREES: 1. That by these presents, for and in consideration o£ Ten ($10.00) Dollars in hand paid, receipt of which is hereby acknowledged from CHAMCO, has agreed and does agree to hold until the thirty-first (31st) day of Decemner, 1980, at 12:00 P.M., time being o f the essence of this agreement, an option, subject to the order of CHAMCO to purchase all of the premises owned by the Citv of Oshkosh knnwn a� a„a ,.,..,..;..,�:�_ c < C t t 2. 3 -2- ' -_ - CHAMCO, a non-profit organization, agrees: � 1. To attempt to work toward the industrial development o�� 2. 3. the land which is the subject matter of this agreement.� To sell lanfl for use permitted in the M-Zones of the City of Oshkosh 2oning Ordinance, and as limited by pxotective covenants. To adopt protective covenants for lands sold hereunder. The covenants for the Southwest Industrial Park shall, prior to adoption by CHAMCO, be submitted to the City of Oshkosh for review. CHAMCO shall monitor the enforcement of these covenants and if a breach occurs which requires repurchase, then in that event, CHAMCO shall assign its right to repurchase to the City of Oshkosh. This agreement shall be terminable by either party•by giving to the other party six (6) months written notice of its desire to terminate. IN WITNESS HIHEREOF, the City of Oshkosh, Wisconsin, and CHAMCO, INC. have respectively caused this agreement to be duly executed on this _ day of Pebruary, 1980. In The Presence O£: CITY OF OSHKOSH u Oshkosh Southwest lndustrial Yark � ��� m 0 �i. S. r7. 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