2012-921 RESOLUTION NO. 2012 -921
A resolution authorizing the City Manager to proceed with the sale of property located at 212 Madison Street.
WHEREAS, the City of Janesville owns the following described parcel:
PT.LOT 10 MITCHELL'S ADD. BGN.AT A PT.ON E.L.MADISON ST.101.7' N.OF SW COR.LOT 10 MITCHELL'S
ADD.;TH.CONT. N.ALG.SD.E.L.MADISON ST. 78.1';TH.E.AT RIGHT ANGLES 59.82' TO A PT.ON THE SOUTHERLY
EXT.OF LOT 13 SD. ADD.;TH.NELY 15.21' ON A LINE PARALLEL TO N.L.LAUREL AVE.;TH. S.LY AT RIGHT ANGLES
TO LAUREL AVE. 48'; TH. WLY TO POBDAF:Pt NW1 /4, Sec 36, T3N, R12E, 4th PM, City of Janesville, Rock Co, WI
JC5603733
WHEREAS, The City of Janesville acquired the property located at 212 Madison Street in October 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 the property to Mr. Nathan Lippert for $73,000.00.
WHEREAS, The City of Janesville has obtained a copy of an appraisal of the property in the amount of $75,000.00; and
WHEREAS, The City of Janesville has verified that Mr. Lippert is within the program criteria; and
WHEREAS, The City of Janesville has provided $2500 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 to be consistent with established City plans and recommended that the
City Council proceed with the sale of this property, but further noted that the Plan Commission had not reviewed the
financial aspects of this transaction; 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 sale 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 25, 2012 Motion by: Steeber
Second by: Dongarra -Adams
APPR VE� / �-, Councilmember Aye Nay Pass Absent
Dongarra -Adams X
Farrell X
Eric J. ,t, tt, City Manager Kealy X
Liebert X
ATTEST: Severson X
/ Steeber X
-- �/ Z�� . r Voskuil X
J =:n Ann Wulf, City Clerk - Treasure
APPROVED AS TO FORM:
(i - ...------__ - ,
Wald Klimczyk, City Attorney _ -__ - __
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Proposed by Neighborhood Services - _ -
Prepared by Neighborhood Development Specialist e ;