2012-927 RESOLUTION NO. 2012 -927
RESOLUTION AUTHORIZING THE ACQUISITION OF REAL PROPERTY LOCATED AT 55
SOUTH RIVER STREET
WHEREAS, Wis. Stats. §§ 62.22 (1), 62.23 (17) (a), 62.23 (17) (b), 66.0101, 62.11(5) and
Chapter 32 and other pertinent Wisconsin Statutes permit the City's acquisition, development,
ownership, protection, and conservation of parkland, open space, riverfront properties, and
development properties; and
WHEREAS, the Common Council has adopted Downtown Vision and Strategy and the TIF No.
3 Project Plan that calls for the acquisition and demolition of non - contributing, or blighted
properties in order to create greater redevelopment opportunities in the downtown are, including
the property located at 55 S. River Street in the City of Janesville, County of Rock, State of
Wisconsin (the "Property "); and
WHEREAS, the Common Council hereby find that such uses and acquisition constitute public
purpose(s) that benefit the community and promote the health, welfare, safety and best interests
of the City, its residents, businesses and visitors; and
WHEREAS, the City of Janesville Administration has negotiated with the owner an offer to
purchase 55 S. River Street in the amount Two - Hundred and Ninety Thousand Dollars
($290,000) plus Closing Costs); and
WHEREAS, the funding for this acquisition will be provided by future General Fund Blight
Elimination Note Issue funds; and
WHEREAS, at their September 17, 2012 meeting, the Janesville Plan Commission found the
acquisition of 55 S. River Street to be consistent with established City Plans; and
WHEREAS the City of Janesville agrees to close on the acquisition of the property within 30-
days of City Council approval in open session;
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 Property from the owners on behalf of the City; 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 24, 2012 Motion by: Kealy
Second by: Severson
APPROVE : / C arre l l member Aye Nay Pass Absent e_. Dongarra -Adams X
Farrell X
" X
Eric J. evitt, 7' '" - ager Kealy
Liebert X
ATTEST: Severson X
/ / Steeber X
,C �d �ii�.t Voskuil X
Jean Ar Wulf, City Clerk- Treasurer
APPROVED AS TO FORM: _ : _
eld-ef07/W . _ . - ' --- i ',
Wald Klimczyk, City Attorney .,
Proposed by City Manager's Office
Prepared by City Manager's Office