HomeMy WebLinkAbout31270 / 81-16APRIL 16, 1981
# 16 RESOLUTION
PURPOSE: ESTABLIS�NT OF WILLIA.`4 G. SCHETTLE, FAIR MARKET VALUE
AND PURCHASE OF SAME
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the Co�on Council of the City of Oshkosh has approved the Re—
development Plan for the Oshkosh Centre Redevelopment Project No. 1; and
WiIEREAS, the Plan Co�ission has certified the project to the Co�on Council
as prescribed in Wisconsin Statutes, Section 66.43(5)(d); and
Wf�REAS, three appraisals have been made on the property described as
follows (commonly lmown as the William G. Schettle Property):
L. M. Miller's lst. Addition per Leach's Map of 1894, Lot 12 and
a strip of land 2 feet front and 3.7 feet rear lying between Lots
2& 11 and being full depth of Lot 2, Block 16, 8th Ward, City of
Oshkosh, Winnebago County, Wisconsin.
WE�REAS, a review appraisal fias been submitted to the Co�on Council in
accordance with Title 3 of the Uniform Relocation Assistance and Real Property
Acquisition Policies Act of 1970 and requirements of HUD Handbook 1376.1; and
WHEREAS, the property and interest to be acquired includes land and
buildings exclusive of equipment and fixtures, both moveable and immovable;
NOW, THEREFORE, BE IT RESOLVED by the Co�on Council of the City of Oshkosh
that the Co�on Council certifies that the work of the appraisers and the reviev
sppraisal has baea Y��EC—e3 iu .. .._mpzte^t .:aar.�_ in a�c�rda:ce ::+_th �ypl,ca32e
state laws, the Uniform Act, and Department of Housing and Urban Development
policies and requirements;
BE IT FURTHER RESOL�IED by the Common Council of the City of Oshkosh that
fair market value for the William G. Schettle property is heretiy established
— 16A —
at THIRTY ONE T[iOUSAND FIVE HUNDRED ($31,500) DOLLARS, and that the proper
City officials are hereby authorized and directed to purchase said progerty in
that a�unt. Money for this purpose is hereby appropriated from Account No.
331-104, Oshkosh Downtown Redevelopment Fund.
BE IT FURTHER RESOLVED that the proper City officials are hereby authorized
and directed to transfer the sum of $31,500 from Account No. 310-550, General
Eund Equity to Account No. 331-104, Oshkosh Downtown Redevelopment Fund. Said
�ae� te be :ep2id to Acco�nt No. 31C-.Sv, General Fund Equity from tha prccee3s
of promissory notes issued pursuant to Section 67.1212 of the Wisconsin Statutes.
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