2010-736 RESOLUTION NO. 2010-736
RESOLUTION AUTHORIZING THE ACQUISITION OF REAL PROPERTY LOCATED AT
1332 HAWTHORNE AVENUE
WHEREAS, Wis. Stats. § §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, Rock County has foreclosed upon the property located at 1332 Hawthorne Avenue
located in the City of Janesville, County of Rock, State of Wisconsin for delinquent property
taxes as outlined in Wis. Stats. §75.521; and
WHEREAS, the City of Janesville has a first right to acquire the properties before they are sold
at public auction; and
WHEREAS, the purchase price for such properties is equal to the amount of delinquent taxes,
special assessments and charges, and interest plus closing costs as follows:
1332 Hawthorne Ave. - $13,675.95 plus $250 in closing costs; and
WHEREAS, the rehabilitation cost are estimated at $40,000; and
WHEREAS, the City of Janesville Comprehensive Plan calls for the revitalization of
neighborhoods that have experienced decline, and directs the City to acquire vacant,
dilapidated, and tax - delinquent properties for rehabilitation and resale to increase owner -
occupancy in target neighborhood areas; and
WHEREAS, the City of Janesville Comprehensive Plan advocates stabilizing and promoting
continued investment in existing neighborhoods; and
WHEREAS, the Janesville Plan Commission has reviewed this proposed acquisition on
October 4, 2010 and found it to be consistent with long range City plans, but not commenting
upon the financial aspects of the transaction; and
WHEREAS, the Common Council approved Five Hundred Thousand Dollars ($500,000) in the
2009 Note issue for neighborhood and downtown property acquisitions for rehabilitation
purposes; and
WHEREAS, the funding source for the acquisition and rehabilitation of 1332 Hawthorne Avenue
is the 2009 Note Issue; and
WHEREAS, any proceeds from the resale of 1332 Hawthorne will be utilized to support the
acquisition, demolition or rehabilitation of other neighborhood or downtown properties; and
WHEREAS, The Common Council hereby find that this disposition is in the best interest of the
City and of benefit to the taxpayers and community.
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 Properties described above from the owners on behalf of
the City in the manner and for the amounts set forth in the above recitals; 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 and /or his designee 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: October 11, 2010 Motion by: Rashkin
Second by: Steeber
APPROVED Councilmember Aye Nay Pass Absent
CA,/ Brunner X
McDonald X
` J. Ler City Manager Perrotto X
Rashkin X
ATTES : Steeber X
Truman X
/AI ,d A A...4111 Voskuil X
-an Ann Wu'f, City Clerk -Tre, rer
APPROVED AS TO FORM:
� 4S
City Attorney
Proposed by Neighborhood Services Department ='=
Prepared by: Neighborhood Services Director - -- _'