HomeMy WebLinkAbout29368 / 78-05R E V I S E D
March 16, 1978 #5 RESOLUTION
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PURPOSE : I�1ND EXCHAI�TGE WITH BADGER LU��BER &�NUFAC'IURING COME'ANY
INITIATED BY: CITY ADNIINISZ'RATION
Wf�REAS, the Comron Cc�uncil of the Cit-v of Oshkosh, on April 21, 1977,
approved a Redevelopment Plan for the '°Redevelop�nt Project Area No. 1-
Excelsior/Badger", which Redevelopment Plan enco�asses property awned by the
Badger LLm�r & Manufacturing Co�x-uzy and descriUed on Exhibit "A" attached.
hereto, and
WHEREA.S, the City of Oshkosh intends to exchange a parcel of land in the
Southwest Ir�dustrial Park c�med by the City of Oshkosh for the Badger property;
said parcel which is awned by the City of Osh3cosh bei.ng describecl in Exhibit "B"
attached hereto; and
WI�REAS, the ap�raisals for said property place the value of the land owned
by Badger Ltmiber & Ma*�ufacturing Com�any at $63, 800.07; and
WI�REAS, the value of the land awned by the City of Oshkosh to be traded
for the Badger property has been appraised at $45,044.93.
NOW TH�RF'F'ORE, BE IT RESOLVED by the Cor,erwn Cr�uncil of the City of Oshlcosh
that tYie proper City officials are hereby autnorized and directed to enter into
an AgreemQ�t with Badger Lt�nber & Manufacturing Company for an exchange of land
basect upon apprai.sed valuations.
B� IT FURTHER RFSOLVED that the proper City officials are hereby authorized
and direct.� Lo transrer Lne stun of $63,8G0.0� r"rom the foliaa:ng accounts:
$49,358.07 from Acoour.t No. 310-550, General Fund Equity and $14,442.00 from the
1977 COIiIITP..li11t�7 I�V�I.O�Pi2Ilt FL111C1; to the follaaing accounts: $45,045.07, Account
No. 775-019, Industrial Park Land Enterprise F'�uzd, $8,415.00, Special Assessment
Fund (Sewer Utility), $8,415.00 Special Assessm�nt Fund (Ydater Utility) and $1,925.00,
Special Assessmer:t Fund (Street Improvem�nts - grad.ing and graveling Lennox Avenue).
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