2011-835 RESOLUTION NO. 2011-8
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ACQUISITION OF REAL PROPERTY LOCATED AT
RESOLUTION AUTHORIZING T HE 324 WEST RACINE STREET, 320 CHERRY STREET, 459 SOUTH RINGOLD STREET, 627
ROCKPORT ROAD, AND 266 RIVERSIDE STREET
62.23 (17) (a), 62.23 (17) (b), 66.0101,
62. 62.11(5) velopment
Mats. § §62.22 (1), permit the City's acquisition
WHEREAS, Wig pertinent Wisconsin Statutes p en space, riverfr acquisition,
properties, and
Chapter 32 and +tither p parkland, op
ownership, ..protection, and conservation of p
development properties; and
WHEREAS, the City of Janesville Comprehensive Plan calls for the
acquire an
for rehabilitation and resale to increase owner -
that have experienced
decline, and directs the
neighborhoods
dilapidated, and tax - delinquent
occupancy in target neighborhood areas; and romoting
Cit of Janesville Comprehensive Plan advocates stabilizing and p
WHEREAS, the Y
continued investment in existing neighborhoods; and ated at: 324 W. Racine Street,
WHEREAS, Rock County has foreclosed upon the properties loc
Rin old Street, 627 Rockport Road, and 266 Riverside St t l oca t d
in Cherry Street, 459 S g n the City of Janesville, ille, County of Rock, State of Wisconsin for delinquent
outlined in Wis. Stats. §75.521; and properties before they are sold
WHEREAS, the City of Janesville has a first right to acquire the p ro p
at public auction; and
WHEREAS,
t he purchase price for such properties is equal ptotee amount
expenses f deowquent taxes
and interest, special assessments and charges and interest, d
($2,138.67 returned to the City)
324 W. Racine Street $9,314.48 1
320 Cherry Street $7,883.07 ($ 767.33 returned to the City)
459 S. Ringold Street $10,923.52 ($1,023.13 returned to the City)
$13,227.36 ($2,957.28 returned to the City)
627
Rockport Road $8,249.71 ($1,411.97 returned to the City)
266 6 Riverside Street
e t
WHEREAS, the Janesville Plan Commission has with long range City plans, but not
reviewed this proposed acquisition on
September 19, O the financial aspects of transaction; and
commenting upon
WHEREAS, the demolition cost are estimated at $37,500; and potential rehabilitation
WHEREAS, before demolishing any properties, they will be evaluated for p
to be good candidates for rehabilitation, will be returned to the Council for donation
and if found 9
to a non - profit or for rehabilitation funding; and
e Cit Council Council approved Seven Hundred Thousand Dar700,000) in
WHEREAS, thy Y
the 2009 and 2010 Note issues for neighborhood and downtown property acquisitions;
"
WHEREAS, the funding source for the acquisition and demolition of the properties is prior note
issue funding; and
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 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: September 26, 2011 Motion by: McDonald
Second by: Steeber
APPROVED: Councilmember Aye Nay Pass Absent
Brunner X
Dongarra -Adams X
Eric J. Levitt 7 ' Y Manager Liebert X
McDonald X
ATTEST: Rashkin X
Steeber X
Ile-L,d411rd / j /41 ` .C`/ Voskuil X
J- - n Ann Wulf, City Clerk - Treasur • r
APPROVED AS TO FORM:
C�G,"°/
City Attorney
Proposed by: Neighborhood Services Department
Prepared by: Neighborhood Services Director - �,,