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Home My WebLink About34809 / 88-516 April 7, 1988 # 516 RESOLUTION (CARRIED LOST LAID OVER WITHDRAWN j PURPOSE: APPROVE AGREEMENT WITH CHAMCO, INC. INITIATED BY: CITY ADMINISTRATION BE IT RESOLVED by the Common Council of the City of Oshkosh that the attached Agreement with Chamco, Inc. for sale of ]ands in the various indus- tria] parks for the year 1988 is hereby approved. susxzT�D sx lPPR00ED �� - 33 - Resol . #516 @ � E & H h B@ I WHEPEAS, the City of Oshkosh owns certain lands uithin the corporate limits of the City of Oshkosh and desires to sell such lands for Sndustrial development ; and WHEAEAS, CNAMCO, INC. is a non-profit Wisconsln corporation interested in the industrial development of the City of Oshkosh and having the means and ability to work toward the development of land industrially ; NOW, THEAEFORE , the City of Oshkosh, hereinafter referred to as the "City", and CHAMCO, INC., hereinafter referred to as "CHAMCO^ , in order to work towards the industrial development of the following describetl property , viz: A . SOOTH INDUSTAIAL PARK B . NORTH INDUSTRIAL PARK C . SOUTHWEST INDUSTRIAL PAF% agrees as follows : THE CITY AGREES: 1. That by these presents, for and in consideration of Ten Dollars ($10.00) in hand paid , � receipt of uhich is hereby acknowledged from CHAMCO, has agreed and does agree to hold until the thirty-first �31st) day of December, 1988� at 12:00 P.M.� time being of the essence of this agreement , an option� subject to Lhe order of CHAMCO to purchase all of the premises owned by the City of Oshkosh known as and consisting of Lhe following : A . SOUTH INDUSTRIAL PARK B . NORTH INDOSTRIAL PARK C . SOOTHWEST INDUSTRIAL PARK 1 - 33a - Resol . H516 and the City of Oshkosh covenants Lo convey by Warranty Deed any portio❑ of said property thereof at any time within the above time prescribetl , to CHAMCO or such perso❑ or persons as CHAMCO may direct for and at the price of Schedule attached and price thereof, payable on delivery of a Harranty Deed by the City , sub,ject � however� to the further requirement that this Optio❑ shall be of no effect and ❑o rights shall inure to CHAMCO or any other person or persons hereunder or by any purported exercise of this Option, unless uithin the time written notice of exercise of this Option shall be delivered to Lhe City Attorney of the City of Oshkosh. The purchase price attached hereto includes � for the North and South Industrial Parks , graded and graveletl streets , sanitary seWer and water mains antl storm sewers as needed. The prices for the SouthWest Industrial Park includes graded and graveled streets, sanitary sewers� water main and gas main and storm severs as needed . 2 . CHAMCO , a ❑on-profit organization , agrees: a. To attempt to work toward the industrial tlevelopment of the land which is the subject matter of this agreement . b. To sell land for use permitted in the M-Zone of the City of Oshkosh Zoning Ordinance and as limited by protective covenants . c. That they have adopted protective covenants for land sold hereunder and before anv changes to said covenants are adopted , they will be submitted to the Oshkosh City Council for review. CHAMCO shall monitor the enforcement of these covenants and if a breach occurs which requires repurchase � then in that event, CHAMCO shall assign its right to repurchase to the City of Oshkosh . 3• Th15 Agreement shall be terminable by either party by giving to the other party six (6) months written notice of its desire to terminate . 2 - 33b - r Resol . #515 IN WITNESS WHEAEOF , the City of Oshkosh� Wisconsin, and CHAMCO, INC. have respectively caused this agreement to be duly executed o❑ this ______ day of April , 1988 . ' IN THE PAESENCE OF : CITY OF OSHKOSH ______________________________ BY '_______________________________ William D . Frueh , City Manager ______________ _______ And : ___ ____________________ Donna C . Serwas , City Clerk CHAMCO , INC . ________'____'_'___________'_ PY '___________________________'____ Ro�ert Fick , President _______________________________ And : ______________________________ Timothy Casey � Secretary STATE OF WISCONSIN) ) SS . WINNEBAGO COUNTY ) Personally came before me this ___ day of April , 1988, the above named William D. Frueh� City Manager, and Donna C. Serwas, City Clerk , of the City of Oshkosh� to me knovn to be the persons who executed the foregoing instrument and acknowledged same as and for said corporation , by its authority . _________________________________ � Notary Public , Xinne�ago Co . , NI My Commission : _________________ STATE OF WISCONSIN) ) SS . WINNEHAGO COONTY ) Personally came before me this _______ day of April , 1988� the above named Robert Fick , President , and Timothy Casey, Secretary of Chamco � Inc .� to me known t�o be the persons xho executed the fore- going instrument and acknowledgetl same as antl for said corporation , by its authority. ________________________________ Notary Public , Winnebago Co . , NI My Commission: ___________________ 3 - 33c - Resol . #51fi SCHEDULE OF 1988 PRICES A . SOUTH INDOSTRIAL PARK Parcel C1 �10 ,000 per acre Parcel 92 513 ,500 per acre B . NOATH INDUSTRIAL PAAK Property lying South of Fernau Avenue and East of North Main Street $10 ,000 per acre All other available sites i❑ Park E10 �000 per acre C . SOOTHWEST INDUSTRIAL PAAB All Parcels atl�acent to WasnDUrn Avenue (minimum parcel size of 5 acres) EZ5 ,000 per acre All Parcels North of and Fronting on Hwy A4 with a depth of 500 ' and a mini- mum parcel size of 5 acres $20 ,000 per acre Parcels south of, and fronting on Hwy . 44 uith a depth of 500 ' $17 �500 per acre All other available sites in Park $10 �500 per acre The City of Oshkosh reserves the right to reduce the prices herein established for indivitlual parcels for good and sufficient reasons as determined by said City. CHAMCO, INC. shall have the rlght to sell the properties vhich are the subject matter of this Agreement and shall receive ten percent ( 10$ ) plus $250.00 per acre of the scheduled price for incidental expenses . Should the City determine to sell land for less than the scheduled price , then CHAMCO'S ten percent ( 10$) shall be determined by the actual selling price . Th_ aCove schedule shall be in e:fe^t for calendar year 1989 . 4 - 33d - n3 D ➢ A ➢ O O a N �tJ -I S D A - Z • �+ O � O m z < a o .. � m �n .• � a m � � aa � z t o m ro mo m m N � � ti N � p� �+ �. £ �F � n � d 3 n 0 � n � �