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2012-909 RESOLUTION NO. 2012 -909 A resolution authorizing the City Manager to proceed with the conveyance of property located at 176 Lincoln Street to The Wisconsin Partnership for Housing Development. . WHEREAS, the City of Janesville owns the following described parcel: Lot 8 of Doe's Addition, in the City of Janesville, Rock County, Wisconsin. Also, all that part of Lot 6 of Doe's Addition aforesaid, which lies South of a line beginning at a point on the West line of said Lot 6, 4 rods North of the Southwest corner of said Lot 8 as measured on the West line of said Lots 8 and 6, thence Easterly, parallel with the South line of said Lot 8 to the East line of said Lot 6. For informational purposes: 176 Lincoln Street, Janesville, WI 53548; Tax Key No. 241 - 0136400607. WHEREAS, The City of Janesville acquired the property located at 176 Lincoln Street in October 2010, through the General Fund Blight Elimination Program; and WHEREAS, The City of Janesville has demolished the two family structure that was built on the site; and WHEREAS, The City of Janesville has entered into an agreement with The Wisconsin Partnership for Housing Development, Inc. for development under the Neighborhood Stabilization Program III grant; and WHEREAS, The Wisconsin Partnership for Housing Development has prepared plans for the construction of a new single family home under the Neighborhood Stabilization Program III grant; and WHEREAS, The property located at 176 Lincoln Street is a desirable residential redevelopment site: and, WHEREAS, It is in the best interest of the City of Janesville to convey 176 Lincoln Street to The Wisconsin Partnership for Housing Development for construction of a single - family home: and, WHEREAS, the newly constructed home will be sold to an income eligible party under the Neighborhood Stabilization III guidelines: and, - NOW THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL of the City of Janesville that it hereby authorizes and directs the City Manager and the City Clerk to execute on behalf of the City of Janesville, the conveyance of such property; and to negotiate and execute such documents, papers and forms as may from time to time be necessary and /or desirable to effectuate such 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 may be necessary to effectuate this land transaction. ADOPTED: June 11, 2012 Motion by: Steeber J Second by: Severson _ APPROVED: / `/ Councilmember Aye Nay Pass Absent 1 Dongarra -Adams X I Farrell X Eric J. Levit , City ` 1 T ager Kealy X / Liebert X ATTEST: Severson X Steeber X Voskuil X Jean Ann ulf, City Clerk- Treasurer APPROVED AS TO FORM: City Attorney — ^ vi� Proposed by: Neighborhood Services �- Prepared by Neighborhood Services Director =.` �LL --