HomeMy WebLinkAbout05. 18-350 JULY 10, 2018 18-350 RESOLUTION
(CARRIED 6-0 LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE BUDGET AMENDMENT TO INDUSTRIAL PARK
LAND FUND ($5,000.00)
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the Common Council has adopted the 2018 Budget, which is on file in
the Office of the City Clerk and available for public inspection; and
WHEREAS, it is necessary to amend the 2018 Budget to provide for unbudgeted
costs necessary for the operation of Universal Business Park.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the 2018 Budget, on file in the City Clerk's Office, is hereby amended with
adjustments as listed in attached Amendment 9.
Industrial Park Fund(0515) Account Description(s): Amendment
PROPOSED AMENDMENT: 07.10.18 Res 18-350 Multiple Accounts TOTAL
Add: Budget to cover mise.costs for the industrial
parks
Future Land sale proceeds $ 5,000 $ 5,000
TO: Honorable Mayor and Members of the Common Council
FROM: Allen Davis, Community Development Director
DATE: July 5, 2018
RE: Approve Budget Amendment to Industrial Park Land Fund ($5,000)
BACKGROUND/ ANALYSIS
Each year the Universal Business Park incurs costs for maintenance of the business park signs
and landscaping as well as grass cutting for two vacant lots. A Certified Survey Map was
recently created for future sale of the two remaining vacant lots in the Universal Business Park.
Since the Universal Business Park is not part of a TIF, maintenance costs have been funded by
the Industrial Park Land Fund.
FISCAL IMPACT
Once lots are sold and development occurs, properties will be back on the tax roll and the City
will realize tax revenue from the developments. The maintenance of the business park signs will
remain the City's responsibility, however, the City will be relieved of maintenance of the vacant
lots once sold. These 2018 costs will be paid out of the Industrial Park Land fund.
RECOMMENDATION
Council approves a Budget Amendment to Industrial Park Fund in the amount of $5,000.
Submitted,
Allen Davis
Community Development Director
Approved:
•� l
Mark A. Rohloff
City Manager
City Hall, 215 Church Avenue P.O. Box 1 130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us