HomeMy WebLinkAbout06. 17-490 OCTOBER 10, 2017 17-490 RESOLUTION
(CARRIED 6-0 LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE OPTION TO PURCHASE AGREEMENT WITH
BOBOLINK MITCHELL FALLS,LLC/SOUTHWEST INDUSTRIAL
PARK
INITIATED BY: BOBOLINK MITCHELL FALLS, LLC
BE IT RESOLVED by the Common Council of the City of Oshkosh that the option
to purchase submitted by Bobolink Mitchell Falls, LLC to acquire the 40+/-acre vacant lot
north of Highway 91 and west of Clairville Road, 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: October 4, 2017
RE: Approve Option to Purchase Agreement with Bobolink Mitchell Falls, LLC for a
Vacant Lot on the West Side of Clairville Road, Southwest Industrial Park
BACKGROUND
The applicant is interested in obtaining a 9- month Option to Purchase a 40 acre vacant lot in the
city's Southwest Industrial Park in order to perform their due diligence required for the
environmental and engineering research and analysis needed to determine the feasibility of their
project.
ANALYSIS
The applicant is exploring the potential of building a new facility and would like to perform a
geo-technical investigation and a wetland delineation on the parcel, prior to purchase. The
attached map identifies the 40 acre parcel.
The applicant has proposed basic terms for a possible option including a 9 month option until
June 1st, 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 authorizes staff to execute the Offer to Purchase.
Submitted,
Allen Davis
Director of Community Development
Approved,
Mark A. Rohloff
City Manager
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1 in= 0.14 mi
1 in= 745ft
Printing Date: 10/5/2017
Prepared by: City of Oshkosh, WI
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