2011-832 RESOLUTION NO. 2011-832
A resolution authorizing the City Manager to use the Property Acquisition Account to pay the
special assessments that were held by the County and City for the Hickory Ridge Subdivision Lots
WHEREAS, the City of Janesville has an investment in the amount of $155,500 in the Hickory Ridge
Subdivision; and
WHEREAS, the City of Janesville has been accounting for lot sales by distributing the proceeds from
Rock County and individual lot sales to the Special Assessment Fund, Water Utility, Wastewater Utility
and Property Acquisition Fund, and
WHEREAS, the City of Janesville would prefer Property Acquisition Account pay all Special Assessment
Receivables to the Special Assessment Fund, Water Utility and Wastewater Utility so that the lots are free
of any encumbrances and liabilities; and
WHEREAS, all past proceeds ($66,751) and future proceeds from the sale of these lots would be
deposited into the General Fund -Sale of City Property Account, and
WHEREAS, the City of Janesville would have more flexibility by changing the allocation of proceeds and
expenses for these lots; and
WHEREAS, the Common Council find that this Resolution are in the best interests of the City and its
taxpayers.
NOW THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL of the City of Janesville that the
City Manager and others on his behalf are authorized to pay off the outstanding Special Assessments on
these Tots using the Property Acquisition Fund and that all lot proceeds will be given to the General Fund
Sale of Public Property Account.
BE IT FURTHER RESOLVED that the City Manager and his designee(s) are hereby authorized to take
whatever other actions and to make whatever other changes that may find necessary and /or desirable to
effectuate this transaction.
ADOPTED: September 12, 2011 Motion by: McDonald
Second by: Voskuil
APPROVED: Councilmember Aye Nay Pass Absent
Brunner X
i„7 Dongarra -Adams X
Eric .`Levitt, 'r wager Liebert X
McDonald X
ATTEST: Rashkin X
diff
Steeber X
Ls/ Voskuil X
Jea nn Wulf, - ity Clerk- Treasur-
APPROVED AS TO FORM: _
Wald Klimczyk, City Attorney _ .
Proposed by City Manager J y
Prepared by Clerk- Treasurer's Office - _