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Home My WebLink About29233 / 77-19Dec�rber 1, 1977 # �9 RE,SOZ�TION PURP06E : AUi'E-iORI ZE EXERCISE OF OFFER Rl� PUEtC�iASE IPdITIATED BY : CITY ADI"ICNIS'I'RATION K�:�RF�AS, Wil.liam D. Shepherd, D.C. has subinitted a proposal of purchase to the City of Oshkosh for property located at the northeast corner of Jackson �treet and West Irving Avenue in the City of Oshkosh; and WFiF',REAS prior to the sale of the property to Wiliiam D. Shepherd, various permits and approvals from various boclies may have ta be given and made; NOW TI-IERE�'ORE, BE IT RESOLVED by the Cormx�n Cc�uncil of the City of Oshkosh tr.at the pro?�er City o.fficials are hereby authorized and directed to exercise the attached proposal upon the approval of all necessary bodies and boards, and subs�uent to a.pproval issue a Warranty I�ed to William D. Shepherd upon his g�y�r�nt of the purchase price. - 19 - m m�r+`, �.LT w.jJ..,�.! .�. i.. ..„...._....,... ,...........`.•.,,.......,,.. �......_�,,, ., � _ . 11 + ��. � � , ' . ,� �i i � PROPOSAL PURCHASE AND DEVELOPMENT OF THE NORTHEAST CORNER OF JACKSON STREET AN'7i ��i�.'ST IRVING AVENU� We/I, the undersigned, hereby sub�it our/my firm proposal for the purchase and development of the property at the Northeast corner of Jackson Street and West Irving Avenue, as per legal description in the specifications, and as per attached proposed site development plan, for the su� of: � %0D �� Supplementary Exhibits A(Terns �: Condi�ions)� B(Plot Plan),. C(F�oor and elevation ske-Ech) are attached hereto and incorporated herein as part of this proposaI. (off er). SUBMITTED BY: Nogember 22� 1977 Date Willia.� D. She herd D.C. Name of Company Person Nane of person submitting this propo�al William D. Shepizerci, D. . p' ` , � ��2�i�%'`C= � -� Address of Company e on � 304 '�e st Irving Aveaue Osh'_�osh, ��iscansin 54903 (Supplementary sheets, clarifying or giving further details - respecting the proposal and subn��ting the required informati.on requested in a thru f of the specifications requiring the sub- mittal of a proposed site develo��ent plan, shall be attached to this proposal sheet for consideration in ihe award of the sale of the above property.) �HER7 C WERTSGH ATTORNEY AT LAW 7 NO. SAWYER STREET ►. O. BOX 2202 �SHKOSM, WISCONSIN D{DO1 _ TERr15 AI�TD COI"llITIONS OF �IILLIAI�1 D. SHEPH��.D, D. C. , OFF�r2 TO CI�Y OF OSHKOSH ------------EXHIBIT A 0 J The real estate which purchaser is o�ferino to purch�.se is ltno�,�n as the noxtheast coxner o� Jackson Stxeet and �•Test Irving Avenue in the City of Oshkosh, Winneba�o County, i�iisconsin, more particularly described as: Lot 18, Block 75, Gott Read and Eighmes Addition, Tenth ; Ward, City of ashkosh, Winnebago County, State of Wisconsin, ' except that parcel commencing at the southwest corr.er of . said lot, thence east along the south �ine to the southeast : corner of said lot, thence northwesterly to a point that is ! 5Q feet east of the west line and 2.4 feet north of the � south line of said lot, thence west parallel to the south ` line of said lot to a point 23 feet east of the west line of � said lot, thence northwesterly along the arc of a curve � concave to the north of 21-foot radius to a point that is two t2) feet east of the west lime of said lot, thenc� i northwesterly to the northwest corner of said lot, thence "south along the_west line_to the point of beqinning. _ ' No earnest money deposi.t is ma de herewith; however, purch�,ser agrees that, pursuant to sellerts =�specificati.ous" he will ma..�e a good ia,ith deposit in the amount oi five pexcent. (5�) o� purchase price upon being selected as c�eveloper. The b a7.ance af the purcb.a.s.e przce shall be paid i.n cash a-� closing. By accepta.nce of this offer, seller agxees tha-t. i�. will issue all permits necessa;ry f,or constrtzction oi a cliiropractic office (clinic) and parking �acilities upon -�he premises and purchaserts adjoining property kno�zn as Lo-� 1 in Block 75 af Gott Read and Eighr�es Additzon, 1 �th Z�Iard, Ci-�y o� Oshkosh, S•Finnebaga County� Wisconsin p�zrsuant �Eo -�he plot plan. which is submi-ctec� herewith as Exhibit B and is dra� -�o scale and the floor plan and eleva:tion drawings {Exhibi-� C} which are not � z:'cP�C c?s c=�}.erw,se St«�e:�� drawn to scale and the dimensions of ,cahich��axe estimated. Buyer': obligation to conclude -�he purchase is coudi-�io�aed u�on issuance of alI such permits. Buyer abrees that he t�i31 pay aIl costs of securing any financing to the extent permi�ted b� Iat,r, and to pexform aIl acts necessary to expedite suc)i iinanc�n�. Included in t?ze purchase price is va.cant land only. c . . ...�,a..a„, . . . . - ..H� tOBER7 C. WERTSCH ATTOAN�,'Y AT UW t17 NO. SAWYER STREET I. O. BOX 22D2 OSNKOSM, Wt5COH5IM E4p01 Gener�l taxes for the ye�r oi closin� shall be pror��ed at the date o� closing inclusive o� said d�te on the baszs of estzmated annual taxes using the purchase price as the equalized assessed valuation. Seller shall upon payrilent of the purchase price� convey I the property by �ood and sifficient warranty deed free and c�ear o� all liens and encumbrances. The Seller shall furnish and deliver to the Buyer for e�amination at least fifteen (15) daps prior to the date set closing, Seller's choice Qf either: 1. A complzte abstract of title made by an abstract company, extended to within ttiventp (20). days of the closing, F abstract to show the Seller's title to be marketable and in the condition called for by this agreement. The Buyer s] notify the Seller in writing of any vaZid objection to the title within ten (lU) days after the receipt af said abstract : the Seller shall then have a reasonable time, but not exceeding sixty (60) days, within which to rectify the title . furnish a title policp as hereinafter provided) and in such case the iime of closing shall be accordingly extended; or Z. An owner's policp of title insurance in the amount of$urCh�S�._.Pslf�haming the Bnper as the assured as irrterest may appeaz, wriLten by a responsible title insurance companp licensed by the State oP Wisconsin, wnich po: shall guarantee the Seller's title to be in the condition called for by this agreement. A commitm2nt by such a t companp, ao eeing to issue such a title poIicp upon the recording of the proper documents as agreed herein, shall deemed sufficient perFormance. -- -- _ . � . - _ -- -- - -• °- -- � Legal possession of premises shall be given to purchaser on date oi closing. Thi.s offer is to be accepted on.or before January 23� 1978 or it shall become null and void. If ihis oiier is accepted,� it shall-not becor,�e binding upon puxchaser until copy o�P accepted offer is deposited� postags pxepazd, in the IInited States mails, addxessed to purchaser at 304 West Irving Avenue, Oshkosh� S�Tisconsan 54901 or by personal aeli�ery thereo�. This transaction is to be closed at the office a� the seller or at the office oi buyerts mortgagee, if any,. on or before February 23, 1978, or at such other tine or place as may be desi.,�nated in writing by the parties hereto. Should the undersigned purchaser fail to carry out this agreement� all�money paid hereunder shall, as seller's exclusive remedy, be foxfeited as liquidated damages a.nd shall .be retaine� by seller. Should seller be unable to carry out this agreenent by reason of valid legal de�ect in -�itle zahich buyer is un.willing to waive, a.Il money paid liereunder shall be re�urned to b�yer forthwith, and ihis contract sha11 be void. The undexsi;�aed buyer has read and fully understands E�:hibi.t A — Paoe 2 c . .. ...._ . ,_-_.. . .� i �HERT C. WERTSCH II ATTORN£'Y AT UW � 7 NO. S�w'/ER S7REET Y. O. BOX 22D2 1 ' �SNKOSM. WISCONSIN , 6tD01 � � the Of�er to Purchase which consists o� the proposal sheet and ex.hibits A, B and C and acicnoz�rledges xecezp� oi a, copy o� said o��er. . Special a.ssessments ior all work commenced on the site prior to the da.te o� closing of this transaction shall be the obligation oi the sellex. �I///�<�t �� " 2�/ �� ( buye r ) 1�Tilliam . Shepherd, D•C. 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