HomeMy WebLinkAbout29781 / 78-27OctAber 5, 1978 # 27 RESOLUTION
PURPOSE: SALE OF INDUSZRIAL I,AND AND SECOND MOR'ir,A.GE
INITIATED �Y: CITY AD�'iTI�TISTRAT20N
WHERF,AS, C��amoo, Inc. has an Option Aqreeme.nt with the C�,ty oF Qshkosh on
City awned industrial park land; arid
Wf-�FtE',AS, Chamco, Inc. de�ires to exercise its Opti.on on the follvwi.ng
described parcel of property:
(See Exhibit "A" attach�d here�)
N(JW, ��'ORE, BE IT RESOLUID by the Commn Council of the City of Oshkosh
that the proper City officials are hereby authorized and directed to sell t�o
�o, Inc. the above descri.bed garcel of pxoperty pursuant fio �he Opt�.or� Agreeqt�nt.
BE IT FURZ'HER RE.SOLUED that the proper City officials are hereby authori2ed
and directed to enter intr� a Mortgage Agreement saherein the City oi Qshkosh
wi7.l take and hold a second mortgage on the abov� described propertyo
S'JBMITTED BY
-27-
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A tract of land in tYie Southwest Quarter (Sw4) �i the Northwest Quarter
NWa) of Section One (1) , Township Eighteen (18) North, Range Sixteen (16) East,
'ifteenth (15th) Ward, City of Oshkosh, Winnebago County, Wisconsin containing
y; Commencin at the North % corner of
..743 Acres of land and being described b g
>aid Section 1, thence S, 89°-27'-20" W. 1318.90 feet along tl-ie North line of
.he NW'4 of said Section 1, �thence S. 00°-00' -39" E. 1603.92 feet along tYie center
.ine.of Nortlz Main Street, thence S. 89°-23'-57" W. 33.00 feet to a point on the
7est line of North Main Street and the true point of beginning, thence continue
;, g9�_23'-57" W. 561.00 feet, thence S. 00°-00'-39" E. 368.14 feet, tYience N.
39°-25' -56" E. 561.00 feet along tYie South line of those lands described in
bcument no. 483699 as recorded in the Winnebago CthenceRNg100°r00f_9edW.o368c46
:o a point on the West line of North Main Street,
=eet along the West line of NortYi Main Street to - the true poir�t of beginning.
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