HomeMy WebLinkAbout29557 / 78-17June 15, 1978 # 17 RESpI�TIpN
PURPOSE: GRAN'!' RIGHT C�' FIRST Rg'USAL
INITIATED BY : C�iAMG'0, INC .
Tr�EAS, the purchasers of the 'spec' building, built and c�med by
Chamco, Inc., request the right of first refusal to purchase an additional 30
ac?-es ir�m�ed.iately adjacent to said building in the North Industrial Park at
a purchase price of $5,OOO.QO per acre during the calendar year 1978; said
purchase price tA be increased by 8� for the year 1979 and 8% for the year
1980.
NC7W, Tf�ORE, BE IT RESOLUID by� the Com�nn Council of the City of
Oshkosh that Ch�unoo, Inc. is hereby authorized to grant to Weldon, Inc. the
right of first refusal for the additional 30 acres at a purchase price of
$5,000.00 per acre in 1978 and with an increase of 8% for 1979 and a co�ounded
increase of 8 o for 1980.
BE iT i J�:�t i�cES�LLr."� t'r�at uiis rig'r►t of firs� rer"usai shall
terminate on Dece.mber 31, 1980 and that should Weldon, Inc. purchase said land,
then the prevai.ling oost of special assessments shall be p�aid in addition ,to
the cost of the land.
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CHA'�1C0 BO�RD 0� � �'_'FCTOP,S
June 9,.�?78
BE IT RESOLV� :
l. That Chamco, Inc. hereby agree� to se?? L:ze facil.ity �ocated at 3550
N. Main St. to t^7eldon, Inc. at a net Ft.:���.ase price oi $272,276.07
(Cash of $122,276.07 plus property at 16i W. 28th Ave. are valued at
$150,000.00), plus special assessments; '�7at Chamco, Tnc. acquire the
premises at 167 W. 28th Ave. as part o� �id purchase price; and that
the officers of the corporation are au=:�rized to execute the necessary
instruments to consumate said transaction.
2. That Chamco, Inc. hereby agrees to sel� t�e Fleldon facility locat�rl at
167 W. 28th Ave. to N.arris Barnett for tr� sum of $150,000.00 w?th sellers
expenses ot sale to be borne by Weldon, i�c.; and that thn off icers of
the corporation are authorized to exec�ate the necessary instruments
to constunate said sale.
3. That Chamco, Inc. hereby agrees to acc��t a 30 foot easement from the City
of Oshkosh, extending from the present � Line Railroad right-of-way
to the pre�ises locat� at 3550 N. i•lai-� S-. , Oshkosh, �disconsin, for �he
provision of rail serv;ce to prospecti�:e abutting land owners in the
Oshkosh North Industrial Park; and tY�.� a copy of said easement shali
be p,.rovid� �o Weldon, Inc.
4� `;'jz�t� C?�mco9 l�c, here?�;� �eauests tYLa.t �^� Oshkosh Co�n Gouncil_ pass a
resolution authorizino Weldon, Inc. tc �.�?^chase additional lands in the Nor•th
Industrial Park in accordance with Para?raph 2.09 of the Purchase �reerrient
dated June 6, 1978 at the established r,urchase price for said lands; provided
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said purchase price for the year 1979 :-� y, sha11 not exceed an increase of
8 0 over th� 1978 establ i shed ' pr ice of $�, 000 per acre .�,/Z�� ���%� �tiG`'-�"�-'�'��`��
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