HomeMy WebLinkAbout17-13REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH, WISCONSIN
JULY 31, 2017 17-13 RESOLUTION
(CARRIED_______ LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE:DETERMINATION OF NECESSITY; ESTABLISH FAIR MARKET
VALUE; AUTHORIZE PURCHASE –645 JEFFERSON STREET
WHEREAS, the Redevelopment Authority previously approved the Near East
Neighborhood Redevelopment Area; and
WHEREAS, it is in the best interests of the citizens of the City of Oshkosh to
acquire property within the boundaries of said Redevelopment Area to assist in the
elimination and prevention of blighting influences and promote urban renewal; and
WHEREAS, the property and interest to be acquired includes land and buildings,
if any, exclusive of equipment and fixtures both movable and immovable, and is
described as:
645 Jefferson Street
East half of Lot 3 Block 72 of Leach’s Map, 4th Ward, City of Oshkosh, Winnebago
County, Wisconsin (tax #904-0225-0000)
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Authority of the
City of Oshkosh that the Authority certifies that in order for said purpose to be
accomplished, it is necessary for the property described above to be acquired. It is further
determined by the Authority that acquisition of said property is hereby determined
necessary pursuant to the provisions of Chapters 32 and 66 of the Wisconsin Statutes.
BE IT FURTHER RESOLVED that the value of the property to be acquired, as
described above, is hereby established at FORTY TWO THOUSAND FIVE HUNDRED
DOLLARS AND 00/100 ($42,500.00). Money for this purpose is appropriated from City
Community Development Block Grant funds.
BE IT FURTHER RESOLVED that the proper Redevelopment Authority officials
are authorized and directed to purchase said property and execute all documents
necessary to consummate this transaction.
TO:City of Oshkosh Redevelopment Authority
FROM:Allen Davis, Community Development Director
DATE:July 13, 2017
SUBJECT:17-13 Determination Of Necessity; Establish Fair Market Value; Authorize
Purchase –645 Jefferson Street $42,500
BACKGROUND
The RDA was approached by the property owner regarding their willingness to sell the
vacant building and lot to the City for future redevelopment. The parcel adjoins the
Jefferson Street redevelopment site that the RDA assembled over a number of years. The
Jefferson Street site is under option for another 15 months. This parcel could be added to
the Jefferson Street site in order to increase the likelihood of redevelopment.
ANALYSIS
The building is similar in style and condition to the other structures acquired and
demolished by the RDA over past number of years. The proposed purchase price would
be similar to the acquisition price of 50 cents on the dollar for the other parcels acquired.
The Jefferson Street site would benefit from additional space for the overall
redevelopment. The number of units could be increased and reduce the overall project
cost per unit. In addition, it is possible that the Main Street parcel to the west could be
combined with the Jefferson Street site and provide the prospect of access and mixed use
commercial and residential on the Main Street side of the site.
Asbestos removal and demolition would likely cost another $15,000 to $25,000. CDBG
funds are available and programmed for this type of blight removal/redevelopment
project.
RECOMMENDATION
The RDA makes a Determination Of Necessity; Establishes Fair Market Value;
Authorizes Purchase of 645 Jefferson Street for $42,500
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6 4 5 J e f f e r s o n645 J e f f e r s o n
The City of Oshkosh creates and maintains GIS maps and data for its own use.They may show the approximate relative location of property, boundaries and otherfeature from a variety of sources. These map(s)/datasets are provided forinformation purposes only and may not be sufficient or appropriate for legal,engineering, or surveying purposes. They are provided “AS-IS” without warranties Prepared by: City of Oshkosh, WI
Printing Date: 7/12/2017
1 in = 83 ft1 in = 0.02 mi¯