2011-861 RESOLUTION NO. 2011 -861
A resolution authorizing the City Manager to proceed with the sale of property located at 414 N Washington.
WHEREAS, the City of Janesville owns the following described parcel:
MITCHELL'S ADD. N.50'S.62.12'W.88.44'NW1/4 LOT 21 DAF:Pt NE1 /4, Sec 35, T3N, R12E, 4th PM, City of Janesville,
Rock Co, WI JC5502986
WHEREAS, The City of Janesville acquired the property located at 414 N Washington Street in the City of Janesville,
County of Rock, State of Wisconsin 53546, in June of 2009, through the Neighborhood Stabilization Program Grant; and
WHEREAS, The City of Janesville has rehabilitated the property consistent with the Neighborhood Stabilization Program
requirements; and
WHEREAS, The City of Janesville has negotiated an agreement to sell and convey the property to Ms. Heather Weiland
for a purchase price in the amount of $75,000.00 including a $2250.00 buyers credit for a total buyer purchase price in the
amount of $72,750.00; and
WHEREAS, The City of Janesville has obtained a copy of an appraisal of the property listing its current fair market value
in the amount of $80,000; and
WHEREAS, The City of Janesville has verified that Ms. Weiland satisfies the program criteria; and
WHEREAS, The City of Janesville has provided $2,500 in down payment assistance: and,
WHEREAS, the Plan Commission has reviewed the Neighborhood Stabilization Program at their June 1, 2009, meeting
and found the purchase, rehabilitation, and sale of these properties to be consistent with established City plans and
recommended that the Common Council proceed with the sales of such acquired properties as this, but further noted that
the Plan Commission had not reviewed the financial aspects of this transaction.
NOW THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL of the City of Janesville that they hereby authorize
and direct the City Manager and the City Clerk, on behalf of the City of Janesville, to execute and close upon the sale of
this property; and to negotiate, enter into, and execute such additional agreements, documents, papers, and forms as
may, from time to time, be necessary and /or desirable to effectuate this transaction and the intent of this resolution, as the
City Manager may decide; and
BE IT FURTHER RESOLVED that the City Manager is hereby authorized to take whatever other actions or to make
whatever other minor changes that he may determine necessary and /or desirable concerning this sale and conveyance.
ADOPTED: December 12, 2011 Motion by: Liebert
f� Second by: Voskuil
APPROVED: / Councilmember Aye Nay Pass Absent
Dongarra -Adams X
it Liebert X
Eric J. Levitt, • ty Ma 4 - G er McDonald X
/ Rashkin X
ATTEST: Steeber X
Voskuil X
(,-/1517)/ /cif - z')-/ ,dt-f
Jean A 2 Wulf, City Clerk- Treasurer
APPROVED AS TO FORM: - _ - .
Wald Klimczyk, City Attorney
Proposed by Neighborhood Services _ -
Prepared by: Neighborhood Development Specialist