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HomeMy WebLinkAbout17-09REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH, WISCONSIN JULY 31, 2017 17-09 RESOLUTION (CARRIED________LOST________LAID OVER________WITHDRAWN________) PURPOSE:APPROVE EXTENSION FOR OPTION TO PURCHASE A PORTION OF PARCEL H –CORNER OF JACKSON STREET AND PEARL AVENUE;OSHKOSH BIER BREWING, LLC WHEREAS the Redevelopment Authority of the City of Oshkosh approved an option to purchase a portion of Parcel H on the corner of Jackson Street and Pearl Avenue to Oshkosh Bier and Brewing LLC expiring on July 20, 2017; and WHEREAS Oshkosh Bier and Brewing LLC requests a 5 month extension on the option to purchase a portion of Parcel H on the corner of Jackson Street and Pearl Avenue. NOW THEREFORE BE IT RESOLVED by the Redevelopment Authority of the City of Oshkosh that the 5 month extension for option to purchase submitted by Oshkosh Bier and Brewing LLC (Jeffrey Fulbright, member)or its assigns, for a portion of Parcel H at the corner of Jackson Street and Pearl Avenue within the Marion/Pearl Redevelopment Area is hereby accepted and the proper officials are hereby authorized and directed to execute any and all documents necessary for purposes of same. TO:City of Oshkosh Redevelopment Authority FROM:Allen Davis, Community Development Director DATE:July 13, 2017 SUBJECT:17-09 Approve Extension for Option to Purchase a Portion of Parcel H; Corner of Jackson Street and Pearl Avenue;Oshkosh Bier Brewing, LLC BACKGROUND The vacant parcel on the southwest corner of Jackson and Marion is part of the Marion Road Redevelopment Site. The RDA granted an option to Oshkosh Bier Brewing in 2016. The option expires July 20, 2017. The applicant is requesting a 5 month extension on the option. ANALYSIS Mr. Fulbright has been working on the proposed Brewery/tap house over the last year. He has not submitted final plans for Plan Commission, City Council or RDA approval. No other potential developers have approached staff on the prospect of developing the parcel, or obtaining an option. RECOMMENDATION The RDA grants a 5-month extension to the option for Oshkosh Bier Brewing.