HomeMy WebLinkAbout15. 17-477 SEPTEMBER 26, 2017 17-477 RESOLUTION
(CARRIED 7-0 LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE OFFER TO PURCHASE SOUTHWEST INDUSTRIAL
PARK LAND TO ATLAS AVENUE LLC;BETWEEN 2755 AND 2875
ATLAS AVENUE ($113,323.60)
INITIATED BY: ATLAS AVENUE, LLC
BE IT RESOLVED by the Common Council of the City of Oshkosh that the offer to
purchase submitted by Atlas Avenue, LLC to acquire the vacant lot between 2755 and
2875 Atlas Avenue, per the attached map, is hereby accepted and the proper officials are
hereby authorized and directed to execute any and all documents necessary for purposes
of same.
TO: Honorable Mayor and Members of the Common Council
FROM: Allen Davis, Director of Community Development
DATE: September 20, 2017
RE: Approve an Offer to Purchase with Atlas Avenue LLC for a Vacant Lot between
2875 and 2755 Atlas Avenue located on the South Side of Atlas Avenue in the
Southwest Industrial Park ($113,323.60)
BACKGROUND
The applicant submitted an Offer to Purchase a 4.3 acre vacant lot in the city's Southwest
Industrial Park on the south side of Atlas Avenue, West of Oakwood Road.
ANALYSIS
The applicant is exploring the potential of building a new facility and would like to perform
their due diligence required for the environmental and engineering research and analysis
needed to determine the feasibility of their project, which includes but is not limited to, geo-
technical investigation and completing a land survey on the parcel, prior to purchase. The
attached map identifies the 4.3 acre parcel.
The applicant has proposed basic terms for the Offer to Purchase including a nine (9) month due
diligence period until June 18th, 2018. The proposed purchase price would be $26,000 per acre,
in accordance with current prices of other parcels in the SWIP.
FISCAL IMPACT
This item has no impact on the adopted budget. The vacant land is currently owned by the City
and the sale of the land would result in a property value increase.
RECOMMENDATION
The Common Council approve and authorize staff to execute the Offer to Purchase.
Submitted, Approved,
Allen Davis Alark A. Rohloff
Director of Community Development City Manager
ATLAS AV
City of Oshkosh maps and data are intended to be used for general identification
purposes only, and the City of Oshkosh assumes no liability for the accuracy of the
information. Those using the information are responsible for verifying accuracy. For
full disclaimer please go to www.ci.oshkosh.wi.us/GlSdisclaimer
Cn
O
D
O
v
v
N
1 in=0.06 mi
1 in= 300 ft
City
Printing Date: 9/19/2017 °`
Oshkosh
Prepared by: City of Oshkosh, W