HomeMy WebLinkAbout28842 / 77-18Y
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Amended Resolution #18
_=:;� ���: _��`^.3�=5=1-��``i=' QF S"�L?ICA�1 EXCELSIO� PROPERTY FAIR MARKET VALUE
=�4 �__? __� �"�'• �'! =-1 rL=�.?dAGE�, i��1LT T�>� FRUEH
;�Y-�.��S the C��kosh Commo� Coureil has approved tra� Red�velopment
__� : _;:^ _�� "=����ve1o:,�znt �ojec-c ?sea No. 1 -- Excelsior/�adger"�
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,,��-�?=-S �he ?? ?r Co��mission has certified ihe Pla.r� ta �l:h�: Camtnon
..��.L_:_i= �� �-�es�-^i���. ;n ��Iisco�sin S�ate Statute Sectic�iz. �6a�F3 (5) (d�s
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<<�'-_:. =_� � w� a»ra? sals rave be�� made on the property dFSCribed
__ ____��� (�o-��-�n�y :�c�oam as ��?e �-�erican Excelsior property):
----y-_ _� �=r'� o- �'D.�.CIIO���� LO�' TGJO C2) of Section Twenty-three (23)
r�r;�s�-� J-���e�n (�8) i�o»��z, of P,ange Sixteen (l�) East, in the
�<<� �h �,�?-^d , �� ty oi 0 sh :o s�, Winnebaoo County , Wisconsin, per
=���h's `,`a� o= 189'�, dasc�^;bed as follows, viz:-
��o�ry��^_�� �� th? �cozn� �a^�-_^e the ?�tertheaster.ly line of the right
c= �a�r c= t: � C nica�o , i�-1 ���ukee , St . Paul and Pacif ic Railrc�ad
��-�a--; -n ��-- s�c?-s ���e �o•,-_z Line or the Nortr� a81. 6 feet af said
__��cz_ona? �� � 2, �:-?e p? a�� of beginning; thence narthwesterly,
�r.� �:,� :;,�_ �:,°��t�- l =-- of sa� g y: P�
_� _� "' ^- ^± �-��a 'd r�i ht of wa 75 fe t• thenc�e
-�^ =:.=as=��' y, a± r=�h� �.= �' es to t'r.e Nor �heaster�_y line of said
.-�_�� ��= ,aa� , �� th� t�:es �erly Bank of the Fox Riv�r; thence south-
e-�� ��, aloz� �i_� ;�1'?S =�'?"'ly ��nk oi said River, to poi.nt af intPr-
=�c_i�n -.r-�� '�'?e �oa�n li�� of said Fracti.onal Lot: 2; thenc� west,
�. ��„� �^� S��: �.=� 1-n? o?= s�.� d Fractional Lot 2, to the N�ortheas �erly
-i�� �= said rioh� O� �rTay; tnence northwesterly, along the North-
��,-�_^� -.� �;*�e o- sa_r r-��� of way, 884. 7 feet, to the place af
_ ��_r��=r_� .
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__.,= ��� � o_ Lo �. �ne �':�.:rL�r�d Eleve� (111) accordin�; to MAP UF S. U.1.
-,j-- �^.= S.=:C. 23, �n �he Six�:� ��Jard, City of Oshkosh, :°Jinnebaga
C���: _;-, ;;_s�o:-:s?n, �e�^ L�ac�'s Map of 1894, descri.bed as follows,
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- 18A -
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Co:�;nencing at the Northeast corner of said Lot 111; thence south-
along �he East line of said Lot 111, to the Northeasterly 1_ine
o� �he right of the East line of said Lot ]_11, to the Northeasterly
line of the right of way of the Chica�o, T�ilwaukee, St. Paul
and Pacific Railroad Company; thence northwester_ly, along the
�:o_^iheasterly line of said right of way, to the Plorth line of
said Lot 111; thence.east, along the North line of said Lot 111,
�o th� place of beginning, excepting therefrom that portion
�n�reoi heretoiore conveyed to the City of Oshkosh by Deed
��ecorded in Volume 1347 on Page 591.
P�rczl ;; 3
Lot One (1) in WAKEMAN AND DICHMANN`S REPLAT and that part of
Onio Street (now vacated) and of Wisconsin Avenue (now vacated)
lying south of the Fox River, all in the Sixth Ward, City of
Oshkosh, Winnebago County, Wisconsin, described as follows, viz:-
Cor��Tnencing at the Northwest corner oi said Lot I; ��hence east,
�.long �he i3arin line of saici Lo-tl ,-to the Westerly Bank of the
Pox River; thence southerly, along ihe Westerly Bank of said
aiver, to the Northwesterly line oi Ohio Street, as now loc�ted;
�hence southwesterly, along the Northwesterly line of said
Ohio Street, as now located, to the Northwesterly line of i.r�.ct
o� land conveyed by Deed, to the City of Oshkosh, recorded in
�iolume 1347 on Page 591; thence southwester�ly, along the North-
��esterly line of tract of land heretofore conveyed, as aforemen-
�?en��, to the West line of Ohio Street (now vacated); thence north
alono th� West line of said Ohio Street (now vacated), to the
extended North line of said Lot l; thence east, along the
ex�ended North line of said Lot l, to the place of beginning.
�a»cel �4
1'hat part of Lots Thirteen (13), Fourteen (14), and Fifteen (15)
o= Block Ninety-three (93) and of Texas Street (now vacated) and
of Tn�rd Street (now vacated) all in the plat of the ORIGINAL THIR�
�•7aRD, in the Sixth Ward, City of Oshkosh, Winriebago County, tJis.
��r Leach's Map of 1894, described as follows, viz:-
Co:��nencing at a point on the Center line oi said Third Street
Cnow vacated), that is 1Q4.5 feet easterly of the East line of
Ohio Street, measured along the Center line of said Third Street
�:0:�' V?: ��°�ij � W(11C1'1 t.0172t iS alSC �g i�.2� W2Sterly � measur`d
:� ri�ht angles to, the center line of Chicago, Milwaukee,
S�. Paul and Pacific Railroad Company most Westerly lead track
across said Block 93; thence westerly, along the Center line
oT said Third Street (now vacated), 83.53 feet, to its
ir�iersection with the extended Center line of said Texas Street
Cnow vacated); thence northeasterly, along the extended Center
?ine, and the Center line af said lexas Screet (now vacated),
13i.9 fe�t, to a point which is 20 feet westerly of, measured
a� rinht angles to, the Center line of the Westerly lead track
of said P.ailroad; thence southerly, on a 12 degree curv� to the
rignt, parallel with and 20 feet distant from, measured at right
angles to, the center line of the GJesterly lead track of right
ano� es i.o, the Center line of the [•�7esterly lead tract of said
'�a?lroad, to the place of beginning.
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Lo�s lwo C2), Three (37, the North�aesterly 1/?_ af Texas Street
Cnow vacated) and the North 1/?_ of Third Stree�t (naw vacated),
lying west of the extended Cenier li.ne of said Texas Street
Cnow vacated? and East of the East 1i_ize of Qhio St�reet, al"1 in
�ti_�.KE_'�`�AN AND DICHMANN' S REPLPaT, in -t-he Sixth Ward, City of
Osnkosh, Winnebago County, 4�i�_sconsi_n, excepting therefrom that
�ortion thereof heretofore conveyed �ta the Gity af Oshkosh for
r�location of Ohio Street b, Deed -r�ecarded in Vo:l.ume �� 6 6 on
�age 583.
WHER��S a review appraisal ha.s been submit'�ed to -Lhe Comrnon Caunci:l.
��? accordanc� with Title 3 of the Unifor•r,�. Relac��tion Assistarice and Real
F--^o��rfiy Acq_uisition Policies Act of 1°7 ��nd re.quirements of IitJD Handbaok
13�2.1, an�
:�NL�E_'�� �he prop�r-ty ��.nd irzteresi -_�� l�e �jecu:i.red :i.�-ac_t.t�dc^s =I_and
a:^�d bu � ldi-�.os exclusive of equipment and fixture�, boih rnov�able a.rld
—�o�zable,
�0���1 T��E��FOR� BE IT RESOLVED that �the Conunari Council �� ttLe Cityo uf
Os�!:c�sh ce-rt� � ies that the worY. of the ��pr�aiscx�s and �t,he review
a����;ser i�as been performed in a compe�ent mannPr i.n accordance wii.h
���1?cable s�ate law, the Uni�orm Act, and Departnlent of tious:i.ng ancl
Lr��n Deve?op:nent policies and requirem�rzts, anci
3� IT ?= u?.THEr� RESOLVED by the Cammori Counca_1 of -the C;a.�ty of
Gs�'_-;osh �'r_�- =ai� ma-rket va_lue ioi� th� �=`.:ne��ican l�xcelsiar pr�apert:y i��
r�--���y es�a�� ished at THREE HUNDRED FIPTY THOUSA�ID ($35U,UOt). UU)
���Lz�S, a�d that the proper city officials are hereb_y au-thorized an:i
����^=e� �� ?nitiate negotiations with ��rner.ican Excels:i.or Carnpany fc�r
��:^c_�ase o_- said property.
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COUN'-!t't`�':' `R ACi!.1�N;�T..:iION
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riay z3, 1977
rir. Willia:a Fruen
City �ianager
Ci ty Ha11
Oshkosh, Wiscor_sin.
Dear tir. Frueh:
.
I .
Per your requ2st, I have revzewed the two appraisals of the A��xco property,
one apgrais'? prepar�d by Roman C. Herman r.AI and dated J�n. 3, Z977, the
other prepared by Richard J. Bouzguignon and dated Feb. 17, 1977.
Infor:i.ati.ori con�ained in these reparts concerr,.zn� cor:�parable sal.es in the
Osh:cosh area is correct. This information is on file in my of�ice and is
docu�ented at �he S;innebago County Courthouse. Tnformation cancernzno rental
prices in th° Osh'�cosh area coxresponds to zniormation received =in this offi.ce
fro� various so��rces.
All other in`o�ation regarding the physical features of ti�e �rvxco plant as
presertted ia both reports axe factual. The depreciation figures prese�ted
are a natter of th? individual appraisers opinion ancl thus are subjzct to
so� ce variation.
Due to the 1=n? ted n�.�mb?r of potent? al buyers for a property st�ch as this,
t?ne has to �e considered in �he sale of this property*.
Considerir_o a1L the findings of both appraisers in the tzao repox�s as presentec�
to �e� It is oi ny opin.io� tha� ii this proper_ty �vere to be exposeu to the
n_arke� tor a s��iricier_t a:nount oi timz, and if zonin� could and �aould be chanoed
on the vaca�� land parcels of this property to �_1_lo;,r the highest and best use
o` said vacant la�c, and assuming the prospective buyer bein� aware of all
poten�� aZ uses to s•;hich this propert}� could be adapteci to, that $3�U,UOC) coulct
be co�sa.dere� a fair narket value figure,
lhis fi�ute is correlation of facts and figures as �resent�d in afore.m�ntioned
appraisal� a�d do:s not include any nachinery or equip�ent.
Respectfully,
Lowell 4. Lee
City Assessor
LOL:::�r
Att2ch/I
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, - _ • = .: "_ ". - , - DIALlf �:i�f - 231-411� P.O. EOX T130 OSNKOSH, Y/ISC�:�SS:ti 5:901
i
?��ALYSIS Or ��r �R:ZS?�. P.EPORTS OF Ai�fXCO I�C.
� �L? t0 �i`2� 12C�{ Or 2 SLiT1CZ°:?t 2='_011�t o` nanufacturing S8�25 I have COZ1C�'T1t t2
t' : i�� CC3 c~. c*�'�r'J2C11 SEC i_lOic Oi G� ��1 Y2��rtS.
��,� L�a? u� per 2•1r. :�e��.a�'s R��o= t, Her�ai ter referred to as Repor �"A".
�2v=: , 6�C? as a jflir_g co�cer?�
1`�7 � %�`.�i �.? e��ii �? :ZOP_ �'?1 L°
?-c_^-� V?� L� ��T' 1`i= ,��L'T��3? ��0�? t 5 �2�Or ���iereaf ter referred t0 SS �i�}�OT t��8��.
J�����vi;
�as�d o� sales t._:?"OLoiiOtti. the ci�y � selected tne $204s6�Q value as being the
�o.�� re�=ese��ative, �h�s a,.:�oLn.�s to $11,O�J0 per acre or 25� per square foot.
3�-� ���ra? ser� �ore� ��� onl� b�.:ild?��s $& 9 have any econor�ic life -remaining,
��:��j have �?s� stated t:ze re�ai�iLO econo��c value of these two buildings to be
�li3,Cf3a.
���.port "_�" paoe 12 t�e a��rai��r also Iists approximately 745 feet of loading
�r?c'_: ;aitV-� a��.lue o� $?Q,o12. Tais r�ay or may not have value to a future buyer
�T1� z'T�S i0 b? CO�SZ�?2"2�.
r+'1 t:'2 �"??SE'_ rlot3i�S Ti2 �LZV�:
!.8Z1� �Z.r}�' � OU�
�ui��;ir.�s S � 5 17�3,�(;�J
ai 3C?{3o° �� ��'��
Tota? $4�3,%�0
_"�� raz?n� o� al� bu=_Id_��s excep� 8 aL� 9 must be deducted irom this.
�_�Cir� '�.-"i" i��Cr��� � G��r?O?i�?O�. CO�� Os �5%�2!r2 �S OPPOS�C� t0 Report "t3�� figure
o= �3�,CCC.
'�; =:�ou� a� �c=ual co�_rac�o_s c_�._��e o` this jo� this zs an� area in both appraisals
�:�?� is ..��j�c� L� e�rs:_o�, -
i�� b���ld:��s to be r�z�d ?re �os�Iy �ra��, therefore there wouid r_ot be a lat of
�J�l? �: � C=4 J? � V?o�.
�� �4� � G_ C�25T�OS?� 2S �°=� �:? �-? Z� G�� TNZ L� 21�jh truckirt� COS �S. For� this reason
_�Ov'ti c� -=�L•"_'6 CO'1j_C3°_=Z��! SIZ'�7`� �jiZII �2�Oit �r�ti 3I?C� S2lohtly lower than F.eport �tA���
---C� `ZoL=° b=2II� JO��U��.
�:�_ '2�'L�� O_ i..i'!a rE�c7=L 2=t:�1 j'S1.� Z5:
, � � '-� � 13,200
10 �� a 1;_'_` b'*? _C? -'=.3 2P_3 `i.=cC_._? � � Z,r�� ::� �.
� ess d:�o'__��o, 63,000
$350,200 or S3�O,QOQ
_: =s tia?u� is �ot z� �p�-�aisal .__a;�� by �;-s�1f, buL, rather a� analysis of two appraisals
_'c`� �J�f �n7 iJl.�i.°.i 2J�T_?=S?=J•
_�'�� cns� ����_aac� h?s a �����a���r_ o� v�l_� on pa�� 12 of P.�port ►'A': and page 21 of
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�,�n'Z1 0. Lee
City Asszssor
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