2007-443
Resolution No. 2007 - 443
A Resolution Approving an Offer to Purchase and Authorizing the City
Manager to Purchase the Property at 101 N. Franklin St. for Redevelopment
Purposes
WHEREAS, Wis. Stats. SS 62.22 (1), 62.23 (17) (a), 62.23 (17) (b), 66.0101,
62.11 (5) and Chapter 32 and other pertinent Wisconsin Statutes permit the City's
acquisition, development, ownership, protection, and conservation of parkland,
open space, riverfront properties, and development properties; and
WHEREAS, the Common Council have adopted a Project Plan for Tax
Incremental Finance District No.9, which calls for the purchase of the real
property at 101 N. Franklin St, City of Janesville, County of Rock, State of
Wisconsin (the "Property") in whole and/or in part as a potential redevelopment
site, public green space and/or or other public purposes; and
WHEREAS, the Common Council hereby finds that such uses and acquisition
constitute 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 City of Janesville Administration has negotiated with the owner an
offer to purchase 101 N. Franklin St. dated the day of October 10, 2007 in the
amount $92,000 including an additional $20,000 in relocation benefits; and
WHEREAS, the funding for this acquisition and relocation benefits will be provided
by Tax Incremental Finance District No.9; and
WHEREAS, the Janesville Plan Commission has reviewed this proposed
acquisition on November 5, 2007 and found it to be consistent with 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 acquire and close upon the City's purchase of the Property from
the owners on behalf of the City; and
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:
November 12. ?007
APPROVED:
~~
Steven . Sheiffer, City Manager
APPROVED AS TO FORM:
City At(;::f /~~
Proposed by: City Manager
Prepared by: Economic Development Director
Motion by: Williams
Second by: Steeber
Councilmember Aye Nay Pass Absent
Brunner X
DeGarmo X
Loasching X
Steeber X
Truman X
Wellnitz X
Williams X