HomeMy WebLinkAbout29300 / 78-11J�zuary 19, 1978
� -_ 1 RESOLITI'IC}�I
PUtiE�OSE : At�IIND SQ-IEDULE 'I'O CF-iF���O AGt2EF��'�'r
IP�TTIA`I'ED BY: COTJiv'CILI�TEMBER DON H. KUrI+CHE�
Wf�REAS, ar_ Jar_uary 5, 1978, the Carr*r�n Council of the City of Oshkosh
a_utho:rizeci the ex�cu�.ion o�= an Ag-re2l-rQ_nt witi� C^.aznc.ro, I��c. ; and
W1:iE'.FZ�'�S, �t i� r.o�a desirable that the at�ached Sc�e-du�e to the Agreerilent
b.� arr�nded;
NOW Th'ERFFGr�L , BE IT R�SOLtiED by the Cor: �c�� Counc i 1 o f the Ci ty o f
Oshkosh that the Schedule to the Agree�-r�nt wit?: Chameo, Inc. is hereby arri�nded
as follows:
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SUBbtITTED BY -- ' �"
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Mr. Patrick J. Vercauteren
CHAMCO, INC.
27-A 4Jashington Aver►ue
Oshkosh, l�Jisconsin 54901
Dear Pai:
ca:.;cii_., . .- ._; � •.r�:+�r::-. _ ,��.
February 2, 19 7
Re: Industrial Developmen� L�nd Prices for 1977
from the City to Chamco,.Inc.
The following represents the 1977 purchase price of ]and for indusl:ria"1
developmeni purposes from ih� City af Oshkosh to.Chamco, Inc.:
NOFFKE PROPERTY: $4,671.17/acre in 1977
Computed as fol 1 o;rs :
1973 - �3700/acre � �
1974 - �3922/acre (�3700 x 6�0)
1975 - $4157.32/acre ($3922 x 6q) � �
1975 - �4406.76/acre (�4157.32 x 6%)
1977 - �4671.17/acre (�440b.76 x 6�)
ALL OTHEP. IP;DUSTP.IAL _L�';D: �4014.68Jacre in 1977
Computed as fol 1 o�;,s :
1972 - �3000/acre
1973 - �3180/acre (�3000 x 6%)
1974 - �3370.80/acre ($3180 x 6%)
1975 - �3573.Q5/acre (53370.80 x 6%)
1975 - $3787.�3/acre (S3573.05 x 6X)
1977 - �4Q14.68/acre ($3787.43 x 6h)
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Assessments at the rate of �ne then existing costs with an annual comp�unded
increment of 5% ��ri11 apply. The exis�ing costs refers to the amount at the
time �� ins�allation. -
Jt�lP/hh
cc - Richard Jansen
Jane Schmidt
Very truly urs,.
ITY OF QCSHiGO
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J HN . PEN E
�City Attorn�y
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A G R E E M E N T
�';=�R�'.AS, the City of Oshkosn avns certain lands �•;ifhin the corporate
limits of the City of Oshkosh and d�sires to sell sucz lan;�s for industrial
d�vzlo��r�nt; and
.'�`�RE�.S, CH��iCO, II�1C. is a no�-profit Wisconsin corpora�ion interested in
th� ir�ustrial develop:r�nt of the City of Oshkosh and having the means and
abili-�T to work to:aard the develo�nt of land industrially;
n'�nT. THERE'r!�RE, the City of Oshkosh, hereinafter referred to as the "City",
and ���CO, in order to work towards the industrial develo�r�nt of the
follc�.•�ing described property, viz ; �
A. SOUfiH INDUSTRI�II, PAR��C
B. NO�i INDUSTRIAI, PAR�
C. SO't�I�-1ti�TEST INDUS'I'r'.IAL PARLC
agree as follows:
T'rIE CITY AGREES : ' . .
�• .I,iiQl. LJV ifTPSt� TIYPCOT�-C � v ....�� _� _._ . • �. _ . � .
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r_otice of exercise of this optioz shal.l be delivered t� tt-�e City Attorn�y o '
the City of Osh�osh.
2- . C�IA��ICO, a r_o:�-proLit orgarizati.on, ayrees:
1' `lb a`te:-:�t � work :a.•� �rd the industri.al develo�.�nt of the
1�� �'�'�'-� ls tn° su�j°ct m�atter of this ayreer�nt.
2. rib seZl la�?d for use �imi.tted in the M-Zones of the City of
�'h'�'h Z°�'-ng Ordin�nce, and as limited by protective cavexu-uzts.
3- To acio� protectivz co�nnants for lands sold hereunder. Z"ne
cov=--rzan�s for thz Sou'-u�-Nest Indus-tr.i.al, pa�k shall, prior to
ado�-`.ioz bY C�iA_�'�0, br submitted to the City of Oshcosh for
review. CH�V�O shall rxmnitor the enforcem�nt of these covenan-ts �
and if a breach occurs wi�ich rea�.res repurchase, then in that _
� e�`, ��O sha].l assign its right to ren�chase -�o the Ci.tp
of Osh�cosn.
3. This ac,7�,..m�n� shall bz te ,� ' Ie by either party bY 5iving to the
ot�er Party Six (6) r�nfihs �•rritten noti.ce of ifs desire to texminate.
IN ��TI •Zi�tESS tyrERr`��', the Citv o= [�l,kr,�r T,,T;�,.,,..�,� __, ...._----- -- -
.-..�r . '1�r�i� r � —_c,- �,a�. _< � �_,?i�.ty<<-� - - �
'� '�a7w���s3S�.x s'�_ . _ .r'~�i.�1,�%.ai.in,,,Ga�ia
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.��k�sf� lnd�as-�r�al Dev�lo�m�►�� �.o�nmi�t�� --- �`�_ :.. --
27 4VASHfNGTON AVENUE • ROrJM 20?-OSFfKpSH, WISCONStti 5»�1 -(414) 233-3760 � �
January 5, 1978
Jahn Pence . � � . � -
City Attorney - - - -
. 215 Churci� St. � ' ' - - -
� �shkash, ti�JI 5490I . - . .
Dear John_ . : � � : � � _ . . " • : . - -
The follo;�ing are the 1978 recocnmended �rices oi ?and for 3ndustrial. park .-
development petrposes for bath tfie C� ty of` Qshkosh to Chamco, Znc. , and
Chamco, Inc. to a prospective buyer, as recommend�d by the Osh�ost� Indus�rial
Developnent Co�nmittee. Please note thaL tfiese prices devia�e fro.n �he pas�
pricing schedules.
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City of Osh!:os!� ta Chamco, Inc Chamco, Inc. Sale Pric
"�Oshkosh Rorth - � � . -
Industrial Park $ 4363.6!�/ac_e--al2 land '
. . $ 5000.OQ/acre
OsY�kosh South 3909.09/acre--exce�t 4500.OQ/aere
InciustriaJ. Park land f ili -
/G 3G. 3G 2, D.�o . v o
��/a�_e--Land Fi11 �/acre
OshkQSh South 1•lest � 5272.73/a�_�--t�ithin 6b0' - 6QOO.�JO/acre
Industrial Park of {'lashb��_n St. �
� 4363.6!:/a��e--all o�i�zr Iand � 50�J0.00/acre
As ir, past scf�edules arid per tl�e Ci�y/Cna�co agreemen�, ihe di�'ferential . •
betti•�een thz prices �s 10°o plus �20Q.O�J/acre. _ �_ . -
Shou�d y�u have any questions regardin7 thzs ma'��er, feel free to contact me. "
Since �..1 � . . � -
C� � _ � . . _ .
Pa rick J. l,tercau�eren • � �
Executive Direc�or - �
Pa L'/sen � � '
SC'".tLr-'DtTr�.� �, B & C
� A. asHICOSx sou�x r�,�uSTRr�.L P�..�K $3,909.U9/acre--e3:cept land fill
$1,636.36/acre--�arid Fill
B. OSHhO�SH I�O�T`Ei Il�IDUST�AL PAR� � $4,363_6?/acre-�-all land -� .
C. OS:iKOSH SCLTf'f�VEST I1`'DUS'i'tZIAL PAR;.� $5, 272.73/acre--c,ri-tPiin 660 fee� of _
Washburn S.treet :
$4, 363. 64/acre--al.l oth�r �land -
The City of O�hkosh rese�s fhz right to re��ce th� prices herein establS.shed �
for inaividual parcels zor good and sufficie.z� reasons as determiriecl by said City.
Cna,-r�o, Inc. shall have �he right to sell tr� prpp�..xtieg �a'ni.ch are -the subject
m�t�er of -�his Ay?-een�n� for the op�i.on pric� plus ten (10 0) per cerzt plus
$200.00 per acre for inc�d�nti.al exp�..nses. -
ShouZd tha City determi�n� to s�Il larid for I_ss than -�h� scheduled pric.z, then �
Ch�-��o's t��.-� (10 0} p�..r ce�t shall k� dete � T�d by the actual selling prioe.
Th` ab�ve sch�dule shall i� in e�fect fo= c�endar year 1978. For calendar
ye� 1g79, said sc_c`zzcl.�le shall � multiplied b� 1.Q8.
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