HomeMy WebLinkAbout34799 / 88-506 April 7, 1988 # 508 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: DETERMINATION OF NECESSITY AND ESTABLISHMENT
OF FAIR MARKET VALUE
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the City Administration has determined that it is in the best
interests of the residents of the City of Oshkosh to acquire for public parking
purposes a parcel of land presently leased to the City for such purposes; and
WHEREAS, in order for said purposes to be accomplished, it is necessary
for the City to acquire private property; and
WHEREAS, an appraisal has been made on the property to be acquired as des-
cribed in the attached "Exhibit A"; and
WHEREAS, a review appraisal has been submitted to the Common Counci ] in
accordance with applicable State and Federal laws;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the Common Council certifies that in order for said purposes to
be accomplished it is necessary for the City to acquire said property. It
is further determined by the Common Council that the acquisition of the
attached described property is hereby determined necessary pursuant to the
provisions of Section 32.07(2) of the Wisconsin Statutes.
BE IT FURTNER RESOL�ED that the Common Council certifies that the work of the
appraiser and the review appraisal have been performed in a competent manner in
accordance with applicable State and Federa] ]aws.
BE IT FURTHER RESOLVE� by the Common Council of the City of Oshkosh that
fair market value for the property to be acquired, as described in the attached
"Exhibit A", is hereby established at THIRTY-TWO THOUSAN� DOLLARS ($32,000.00) .
SUB�dITTED BY
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hPPROVED �� '� �
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Resol. #506
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March 31 , 1988
To: Warren P. Kraft, Assistant Cit�torney
From: Lowell Lee, City Assessor�—�
Subject: Appraisa! of Lots 17 & 26, Wilson Parking Lot
I have reviewed the appraisal of the Wilson Parking Lot prepared
by Herbstreith Appraisal Service stating a value of thirty two
thousand three hundred dollars ($32,300) as of March 21 , 1988.
The appraisal meets accepted appraisal standards and I conar
with the estimate of value.
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