2006-309
RESOLUTION NO. 2006 - 309
RESOLUTION AUTHORIZING THE SALE OF A FIVE (5) ACRE INDUSTRIAL
SITE LOCA TED IN TIF NO. 14 ON CAPITAL CIRCLE TO THE BLISS FAMIL Y
LIMITED PARTNERSHIP FOR A PURCHASE PRICE OF $130,000
WHEREAS, Wis. Stats. §§ 62.11 (5), 62.22 (1), 62.23 (17) (a), 62.23 (17) (b),
66.0101, 66.1101, and other pertinent Wisconsin Statutes permit the Common
Council from time to time and at any time to find and declare various unused and
unneeded municipally-owned real property as surplus and to then authorize the
sale and/or other disposition of such surplus real property; and
WHEREAS, on March 30, 1995, the Common Council approved the creation of
Tax Incremental Finance District No. 14 for the purpose of developing an
industrial park with fully-improved industrial sites available for sale to new and
expanding industrial companies; and
WHEREAS, the Common Council having previously found and/or hereby finding
the five (5) acre industrial site ("Property"), located on the north side of Capital
Circle as shown on the attached map appropriate for sale for industrial purposes
or other disposition; and
WHEREAS, the Common Council hereby find that such sale and/or other
disposition constitute(s) public purpose(s) that benefit the community and
promote the health, welfare, safety and best interests of the City, its residents,
businesses and visitors; and
WHEREAS, the Bliss Family Limited Partnership has submitted a certain offer to
purchase dated the 23rd day of May, 2006 the Property for the purchase price
amount of $130,000.00;
WHEREAS, the Janesville Plan Commission reviewed the sale of industrial sites
in TIF No. 14 in open session at their meeting on Monday, February 27, 1995
and found the sale and/or other disposition consistent with the TIF No. 14 Project
Plan and other long range City plans, but not commenting upon the financial
aspects of the transaction;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Janesville that they hereby approve and authorize the City Manager and/or his
designee(s) to sell and/or otherwise convey the Property in the manner set forth
above, to take all actions necessary and desirable to effectuate such sale and/or
other disposition on behalf of the City, and to close upon the City's sale of the
Property; and
Resolution 2006 - 309
Page 2
BE IT FURTHER RESOLVED, that the City Manager and/or his designee(s) on
behalf of the City of Janesville is/are hereby authorized and empowered to
negotiate, draft, modify, review, execute, and enter into additional agreements,
record, file and/or make minor modifications and/or amendments to any and all
documents, papers, forms, and agreements, and to take whatever other actions
as the City Manager may determine, from time to time and at any time,
necessary and/or desirable to effectuate the intent of this resolution and/or the
public good.
ADOPTED:
June 12, 2006
Motion by: Williams
Second by: Wellnitz, Tom
Councilmember Aye Nay Pass Absent
Brien X
Wellnitz, Tom X
Williams X
Brunner X
Wellnitz, Tim X
DeGarmo X
Addie X
APPROVED:
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'sfeven . Sheiffer, Ci anager
ATTEST:
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APPROVED AS TO FORM:
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City Attorney 7
Proposed by: City Manager
Prepared by: Economic Development Director