HomeMy WebLinkAbout28630 / 77-35�
� -- - -
`'�,� S°
<�
January 6, 1977
�r 35 FtE50LUTI0I�T
PURPOSE: �BTATN OPTTON FOR FORMER MERCY EXTENDEU CA�E
CENTER LOCATED AT 517 Boyd Street, Oshko�l�
INITIATED BY: COMMUNITY DEVELOPiviENT
BE IT RESOT.VED b� the Common Council of the City a� Oshkash
that the proper City cfficials are hereby authorized and dir�ct�d _
to enter into an option with Mercy Mec�ical Center for the �ity'S
purchase o� the Mercy Extended CarE Center building Iocated at
517 Boyd Str.eet in the C:.ty of Qshkosh. Cost of saa,d Q�tipn shal�
be as follo�,vs and money ior this purpose is hereby appropriated
from Acccan� T�c. 0�� 59i, L�ya3 ie�:s a� the I977 Budge-�:
$159� on or befor� January $, 1977
$1175 on oz before February 1, 1977
$�055 on �r before March 1, 1977
�„r �,,,..;�,;., .,., .;.,�,.
�� �3:� _ � .: .. :.: .
5 ;
_ . . _. . _.. �
� � 11�1 � �11
i i`:.Y ��iii v i r,�-t •J•L�1 , �. . , •_��_ �. `_�.
C.T '�"-.� .
..- .,_
�._._.,.._....__,__.„___._ _.-..._ .._ .._ �.... _. _..._. __ .. _._._�...__.....
-35-
��
� r'
� �e
L3 ��
OPTION
In consideration of the sum of Three Thousand Eight Hundred and
Twenty Five Dollars ($3,825) payable in the manner provided herein to MERCY
MEDICAL CENTER OF OSHKOSH, INCORPORATED (Mercy) by CITY OF OSHKOSH, a municipal
corporation, Mercy does hereby grant to the City of Oshkosh, its successors and
assigns, the option to purchase, on or before the 31st day of March, 1977, the
following described real estate located in the City of Oshkosh, County of
Winnebago, State of Wisconsin, to-wit:
Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 27, 29, 30, 31 and the South Two (2)
feet of Lot 28, all in Block 57, FORDS ADDITION in the Fourth Ward,
City of Oshkosh, Winnebago County, Wisconsin. (Also known as 517 Boyd
Street, Oshkosh, Wisconsin)
for the sum of ONE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($175,000) payable in
cash at closing.
Consideration for this Option shall be paid as follows:
1)
2)
3)
The sum of $1595.00 on or before January 8, 1977
The sum of $1175.00 on or before February 1, 1977
The sum of $1055.00 on or before March 1, 1977
In the event that the City of Oshkosh shall fail to make payment of the install-
ments when due, this Option shall terminate five (5) days after such default.
Notice of the intention to exercise this Option shall be served upon Mercy
within the time above specified, either by personal delivery or by registered
mail, addressed to Mercy at 631 Hazel Street, Oshkosh, Wisconsin. Sale shall
be consummated and the conveyance made within thirty (30) days after service
of the notice above specified; conveyance shall be made by warranty deed free
and clear of all liens and encumbrances, except easements of record.
The property which is the subject of this Option shall include the real
estate and the improvements thereon and all fixtures, and shall include the
aiixiliary power generator, but shall exclude the following:
Kitchen equipment
Stained glass windows from chapel
Compressors in walk in cooler
Two-piece air condition units
(2 in cafeteria, 3 in recreation
room)
Wall clocks
Cubicle curtain tracks
Selected light fixtures
It is agreed that time is of the essence.
Window shades
Water coolers
Plumbing fixtures
Pews
Elevators
Bulletin boards
Should City of Oshkosh fail to exercise this Option within the time herein
limited, all rights and privileges granted hereunder shall be deemed completely
. �..
r, .
�
surrendered and this Option terminated.
price.
The consideration for this Option shall not be applied to the purchase
Dated this 27th day of December, 1976.
MERCY MEDICAL CENTER OF OSHKOSH, INCORPORATED
r_.
, j �- �0���-
By ____��� --
James;�G. Coller, Senior Vice President
�
- 2 -
�;
�
m
�
7�8 `
p-. -
�•
.l
�;�:
w�� �
�
a�
��
o �
� a�
�
c�
o a�
� �
-� ca
O U
�
� �
� �i
� a�
a�
�w
o�
+� c�
U
� �i
o �
� �
��
�
� �
O U
��
N N
��
�
�
�
�^'
W
�✓J
�
�
a' ,�
o �
��
� �
o �
H �
v
�
0
�
�
O
�
�
ti <, , r.
rn �� u
r-�1
� F-1
�
�✓` � �
� �
,
� �
� �
F, c�