HomeMy WebLinkAbout10. 16-550
DECEMBER 13, 2016 16-550 RESOLUTION
(CARRIED 7-0 LOST______LAID OVER______WITHDRAWN______)
PURPOSE: APPROVE DETERMINATION OF NECESSITY TO ACQUIRE
PROPERTY AT 716 SOUTH MAIN STREET; AUTHORIZE
REDEVELOPMENT AUTHORITY TO ACQUIRE 716 SOUTH
MAIN STREET ($60,000.00)
INITIATED BY: COMMUNITY DEVELOPMENT
REDEVELOPMENT AUTHORITY RECOMMENDATION: Approved
WHEREAS, the Redevelopment Authority and Common Council previously
approved the South Shore Redevelopment Project Area; and
WHEREAS, it is in the best interests of the citizens of the City of Oshkosh to
acquire property to improve residential neighborhoods and eliminate blighting
conditions within said Redevelopment Area; and
WHEREAS, the owner of 716 South Main Street is willing to sell the property to
the Redevelopment Authority; and
WHEREAS, the Redevelopment Authority approved acquiring said property for
$60,000.00 plus closing costs at its November 30, 2016 meeting.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the Common Council certifies it is necessary for the Redevelopment
Authority to acquire the property at 716 South Main Street pursuant to the provisions of
Chapter 66 of the Wisconsin Statutes.
DECEMBER 13, 2016 16-550 RESOLUTION
CONT’D
BE IT FURTHER RESOLVED that the proper Redevelopment Authority officials
are authorized and directed to purchase said property for $60,000.00 plus closing costs
and execute all documents necessary to consummate this transaction. Money for this
purpose is hereby appropriated from Acct. No. 303-0740-7208-##### Community
Development Block Grant Land Purchase.
CRY
of
Oshkosh
MEMORANDUM
TO: Honorable Mayor and Members of the Common Council
FROM: Allen Davis, Community Development Director
DATE: December 7, 2016
SUBJECT: Approve Determination of Necessity to Acquire Property; Establish Fair Market
Value; Authorize Purchase at 716 S. Main Street
BACKGROUND
The brick wall on the south facing fagade of this building started to fall off in 2016. City Inspection
staff was working with owners on the expensive repairs and mentioned that the City had placed
the property in a Redevelopment Area making the property eligible for acquisition. The owners
asked that Community Development staff contact them after expressing their interest in selling
the property. City staff contacted the owners about possible purchase. Staff reviewed the
assessed values and provided that information to the owner.
ANALYSIS
The building is vacant and the expense to repair the brick damage will be high. The owners
offered to sell the property to the RDA in conjunction with the sale of their bowling alley next
door. An inspection of the vacant building also revealed that there would be significant
additional work needed on the interior to bring the property to an occupiable status. The blighted
structure meets the criteria for an acquisition in the Southshore Redevelopment Plan.
FISCAL IMPACT
Funding for the acquisition would be from CDBG funds. The assessed value of the property is
$53,700. The owners have agreed to sell the property for $60,000. This would be done in
conjunction with the sale of the adjoining bowling alley that they also own.
RECOMMENDATION
Staff and the Redevelopment Authority recommend Council approves Determination of
Necessity to acquire property and authorizes the purchase of 716 S. Main Street for $60,000.
Respectfully Submitted, Approved,
�1
AllenDavis Mark Rohloff
Community Development Director City Manager
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feature from a variety of sources. These map(s)/datasets are provided for Oshkosh
information purposes only and may not be sufficient or appropriate for legal, Prepared by: City of Oshkosh, WI
engineering, or surveying purposes. They are provided "AS -IS without warranties
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