2001-130RESOLUTION 2001 - 130
A Resolution Approving a Purchase and Sale Agreement for the City-Owned Property
Bounded by High St., Wall St., and Centerway with WMP, LLC
WHEREAS, in 1994, the City of Janesville purchased a certain piece of for redevelopment purposes,
said property bounded by Wail St., High St., and Centerway (hereinafter the Property) and located in
downtown Janesville; and
WHEREAS, the Common Council of the City of Janesville has determined that said property is surplus
and is suitable for a redevelopment project being proposed by WMP, LLC, (hereinafter WMP) a Illinois
based limited liability company that is seeking a contract from the General Services Administration to
build new offices for the Social Security Administration;, and
WHEREAS, Wisconsin Statutes sections 62.22 (1), 62.23 (17)(b), and 62.11 (5)jointly and severally
provide for the sale of surplus City property following the review and recommendation by the Plan
Commission; and,
WHEREAS, the Janesville Plan Commission has reviewed and recommended the sale of said property
at thew January 4, 1993 meeting, but did not review the financial aspects of the proposed land sale; and
WHEREAS, WIMP, has proposed a Purchase and Sale Agreement for the Property dated __ February,
2001, which Agreement sets the terms and conditions of the sale, sets a purchase price of $43,750, and
is incorporated herein as if fully set forth; and
WHEREAS, the Common Council of the City of Janesville does hereby find that the proposed sale of
the Property is in the best interest and to the benefit of the citizens of the community and the City;
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Janesville approves
the Purchase and Sale Agreement with WMP, LLC and authorizes the sale of the property to WMP,
LLC for a purchase price of $43,750; and
BE IT FURTHER RESOLVED, that the City Manager and his designee(s), on behalf of the City of
Janesville, is/are hereby authorized to close upon this transaction, to negotiate, draft, modify, review,
execute, enter into, record and/or file any and ail documents, papers, forms, and agreements, to take
whatever other actions, and to make whatever minor modifications and/or amendments to the Purchase
and Sale Agreement, such other writings and/or this transaction as the City Manager may, from time to
time and at any time, determine necessary and/or desirable to effectuate the intent of this Resolution and
this transaction.
Resolution 2001 - 130
Page 2
ADOPTED: February 12, 2001
APPRO~D: f/
~en E. Shei~er~, City Manager
ATTEST:
Jeal~nn Wulf, Ci~ Clerk-Tre sue ~
APPRO'~D AS TO FORM: ~/
~yAttorn_ey ' / ~ _
Proposed y:
Prepared by:
MOTION BY: O' Leary
SECOND BY: DeGarmo
COUNCILMEMBER AYE NAY PASS ABSENT
SCHNEIDER X
WILLIAMS X
NOLL X
BRIEN X
MURPHY X
O'LEARY X
DEGARMO X