HomeMy WebLinkAboutTermination of Lease Winnebago County & RDA 01-0202-0000 111111111111111111
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1786780
TERMINATION OF LEASE AGREEMENT NATALIE STROHMEYER
REGISTER OF DEEDS
Document Number Document Title WINNEBAGO COUNTY, WI
RECORDED ON:
04/08/2019 01:08 PM
RECORDING FEE:
PAGES: 5
1390
Recording Area
Name and Return Address el
City Attorney's Office QlC'
P.O.Box 1130 Cif`
Oshkosh,WI 54903-1130
90102020000, 90102000200,
90102220300
Property Identification Number
TERMINATION OF LEASE AGREEMENT
This document drafted by:
David J. Praska
Deputy City Attorney
Oshkosh, Wisconsin 54903
1
November 29, 2018
f
TERMINATION OF LEASE AGREEMENT
1. This TERMINATION OF LEASE AGREEMENT ("Termination Agreement"), is entered
into this2 day of -Z-0w• cLr , 2019, by and between the CITY OF OSHKOSH,
Winnebago County,Wisconsin,a�'isconsin municipal corporation and political subdivision
(Municipality),and the REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH,
a separate public body and body corporate and politic (Authority).
2. The Authority and Municipality are the parties to a Lease Agreement dated June 1,2006,and
recorded with the Winnebago County Register of Deeds on June 30, 2006, as Document
Number 1403049. The Lease benefited both the Authority and the Municipality through its
purpose of facilitating the issuance of certain municipal bonds and the resulting
improvements to be constructed within the Marion Road / Pearl Avenue Redevelopment
Area.
3. After the parties entered into the Lease Agreement, certain parcels within the
Redevelopment Area were improved and conveyed to private entities with the approval of
both the Municipality and the Authority. The process for conveying parcels to private
entities included their removal as Leasehold Properties from the Lease through a series of
Supplement to Lease for Sale of Leasehold Property documents.
4. The Municipality has paid the municipal bonds pertaining to this Marion Road / Pearl
Avenue Redevelopment Area in full on or around August 1,2016,and by doing so satisfied
the underlying purpose which caused the Municipality and the Authority to enter into the
Lease
5. As of the date of this Termination Agreement,the Authority retains ownership of three (3)
parcels which have not yet been redeveloped or conveyed to private parties and,therefore,
remain subject to the Lease Agreement. These remaining parcels subject to the Lease
Agreement are more particularly described as:
Lot 2 of Certified Survey Map Number 6553,recorded with the Winnebago
County Register of Deeds on August 5,2011,as Document Number 1577796
being part of the Southeast '/4 of the Northeast 1/4 and part of the Northeast 1/4
of the Southeast 1/4,in the First Ward,Section 23,Township 18 North,Range
16 East, City of Oshkosh, Winnebago County, Wisconsin.
and
Lot 2 of Certified Survey Map Number 7150,recorded with the Winnebago
County Register of Deeds on October 7, 2016, as Document Number
1724920, being part of the Southeast 1/4 of the Northeast 1/4 and part of the
Northeast 1/4 of the Southeast 1/4,in the First Ward, Section 23,Township 18
2
November 29, 2018
North, Range 16 East, City of Oshkosh, Winnebago County, Wisconsin.
and
Lot 3 of Certified Survey Map Number 7068,recorded with the Winnebago
County Register of Deeds on March 28, 2016, as Document Number
1709684,being part of the South 1/4 of the Northeast '/4 and part of the North
%2 of the Southeast 1/4, in the First Ward, Section 23, Township 18 North,
Range 16 East, City of Oshkosh, Winnebago County, Wisconsin.
6. With the payment in full of the municipal bonds, the Municipality and Authority desire to
formally terminate the Lease Agreement to facilitate the improvement of the remaining three
(3) undeveloped parcels within the Redevelopment Area.
7. In consideration of the mutual promises contained herein, the Municipality and Authority
agree as follows:
a. The Lease Agreement is terminated in its entirety and without reservation or
exclusion as of the date of this Termination Agreement.
b. Notwithstanding any actual or implied provision of this Termination Agreement,it is
not the intent of the Municipality or Authority to alter,affect,change,or modify any
other agreement, understanding, or obligation affecting either the Municipality or
Authority.
c. This Termination Agreement shall be for the benefit of, and shall be binding upon,
the Municipality, Authority, and their respective successors, heirs, executors,
administrators, and assigns.
d. There shall be no termination payment or compensation owed by any Party to this
Termination Agreement
[SIGNATURE PAGES FOLLOW]
3
November 29, 2018
LESSEE: LESSOR:
City of Oshkosh Redevelopment Authority
of the City of Oshkos
By: /�Q'---'`‘ By:,
Mark A. Rohloff, City Manager Steven J. C i gs, Chain fian
By: By: 44
L1
Pamela R. Ubrig, City Clerk H. Allen Davis, III, Executive Director
STATE OF WISCONSIN )
ss
WINNEBAGO COUNTY )
Personally came before me thi 'day o��;i%/, f a , 2019, the above-named
Mark A. Rohloff and Pamela R. Ubrig, to me known t Ise the persons who executed the
foregoing instrument and acknowledged the same.
ali " I,'ca
41
Notary Pub 'c, State of Wisconsin
My Commission expire Jp 1I1
STATE OF WISCONSIN )
) ss
WINNEBAGO COUNTY )
Personally came before me this „le-day of , 2019, the above-named
Steven J. Cummings and H. Allen Davis, III, to me known to be the ersons who executed the
foregoing instrument and acknowledged the same.
tv,6,),_'71,„(fietk
Notary Public, State of Wisco sin
My Commission expires: IQ))ly-,aOoZo).
4
November 29, 2018
a
3 Lots still owned by Redevelopment Authority
Lot 2, CSM 6553
Lot 2, CSM 7150
Lot 3, CSM 7068
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