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HomeMy WebLinkAbout07. 18-311 JUNE 12, 2018 18-311 RESOLUTION (CARRIED 7-0 LOST LAID OVER WITHDRAWN ) PURPOSE: APPROVE SPOT SLIGHT DESIGNATION; AUTHORIZE REDEVELOPMENT AUTHORITY TO ACQUIRE 1524 RUSH AVENUE ($22,000) INITIATED BY: COMMUNITY DEVELOPMENT REDEVELOPMENT AUTHORITY RECOMMENDATION: Approved WHEREAS, the Redevelopment Authority of the City of Oshkosh was created to assist in the elimination and prevention of blight and blighting influences and to promote urban renewal; and WHERES, per Section 66.1333, Wisconsin Statutes, the Redevelopment Authority may spot blight and acquire blighted property without designating a boundary or adopting a redevelopment plan; and WHEREAS, the property owner has offered the property at 1524 Rush Avenue to the Redevelopment Authority and said property is not within a designated redevelopment area; and WHEREAS, the Redevelopment Authority conducted a public hearing and approved a determination that the property at 1524 Rush Avenue is blighted and in need of rehabilitation and blight elimination. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh that the property 1524 Rush Avenue is hereby declared blighted pursuant to the provisions of Section 66.1333, Wisconsin Statutes. BE IT FURTHER RESOLVED by the Common Council that a comprehensive redevelopment plan is not necessary to determine the need for acquisition and redevelopment of said property. JUNE 12, 2018 18-311 RESOLUTION CONT'D BE IT FURTHER RESOLVED that the proper Redevelopment Authority officials are authorized and directed to acquire said property for $22,000.00 and execute any and all documents necessary to consummate this transaction. Money for this purpose is hereby appropriated from Acct. No. 303-0740-7208-16820 Community Development Block Grant Housing Rehabilitation. TO: Honorable Mayor and Members of the Common Council FROM: Allen Davis, Community Development Director DATE: June 5, 2018 RE: Approve Spot Blight Designation; Authorize Redevelopment Authority to Acquire 1524 Rush Avenue ($22,000) (RDA Recommends Approval) BACKGROUND A house fire damaged the interior of the house so that is no longer habitable. City inspectors have issued orders for the repair, and the owner has not been able to make the repairs. Major rehabilitation of the property would be needed, and the cost estimate for the rehabilitation is $95,000 to $105,000. The house exterior has been in good condition, however, the house is currently unoccupied and signs of exterior deterioration are evident. The surrounding neighborhood is in good condition, and this property could become the blighted property in the neighborhood. ANALYSIS City staff has been working with an attorney representing the owner, and has offered $22,000 for the vacant property, based on the condition of the property, and the offer is conditioned on RDA and City Council approval. It would be staff's expectation that the $22,000 purchase price and the $105,000 rehabilitation would total about $127,000 in total project costs. The current assessed value is $129,000. Based on the damage to the house from the fire, and after city inspection, the City Assessor will revalue the property at $39,700. The City could recover the investment in the acquisition and rehabilitation and restore the value to the property. It would be possible to sell the property to a qualified, owner -occupied buyer after the rehabilitation is complete. City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us FISCAL IMPACT The city can use CDBG funds for the project and the CDBG funds will be recycled as program income upon the house sale after rehabilitation. The carrying costs for the lawn care and snow clearance would be about $500. RECOMMENDATION The Council approves the spot blight designation and acquisition of property at 1524 Rush Ave. Submitted, *4tAV-' J Allen Davis Community Development Director Approved: Mark A. Rohloff City Manager City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us ►] F-1 ■ IN N's a a =OEM F'ICK(:t AV t � 560 B�da� Bi'■ is ..moo o� � a Q a a n 0 o� � a Q a a n 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. 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