2012-934 RESOLUTION NO. 2012-934
RESOLUTION AUTHORIZING THE ACQUISITION OF REAL PROPERTY LOCATED AT
116 OAKLAND AVENUE, 614 WILSON AVENUE AND 614 SOUTH LOCUST STREET
WHEREAS, Wis. Stats. § §62.22 (1), 62.23 (17) (a), 62.23 (17) (b), 66.0101, 62.11(5) and
Chapters 74, 75, and 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, Rock County has foreclosed upon the properties located at 116 Oakland Avenue,
614 Wilson Avenue and 614 South Locust Street located in the City of Janesville, County of
Rock, State of Wisconsin for delinquent property taxes as outlined in Wis. Stats. §75.521; and
WHEREAS, the City of Janesville has a first right to acquire the properties before they are sold
at public auction; and
WHEREAS, the purchase price for such properties is equal to the amount of delinquent taxes,
special assessments and charges, and interest plus closing costs as follows:
116 Oakland Ave. - $11,257.14 plus $300 est. closing cost ($4357.80 returned to City)
614 Wilson Ave. - $7,784.85 plus $300 est. closing cost ($1230.17 returned to City)
614 S Locust St. - $7739.90 plus $300 est. closing cost ($1612.07 returned to City); and
WHEREAS, the demolition cost for 116 Oakland Ave is estimated at: $8,000, the demolition
cost for 614 S Locust St is estimated at $8,000, and the rehabilitation cost for 614 Wilson would
be funded through the Neighborhood Stabilization Program (NSP) or the Neighborhood
Stabilization Program 3 (NSP 3) or demolition cost is estimated at $8,000; and
WHEREAS, the City Council adopted the Look West & Old Fourth Ward Neighborhood
Revitalization Plan on December 8, 2008, which identifies home and property maintenance and
historic preservation among the critical issues for neighborhood improvement; and
WHEREAS, the Janesville Plan Commission has reviewed this proposed acquisition on
September 17, 2012 and found it to be consistent with long range City plans, but not
commenting upon the financial aspects of the transaction; and
WHEREAS, the funding source for the acquisition and demolition is the Neighborhood and
Downtown Property Acquisition Fund; 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 24, 2012 Motion by: Liebert
Second by: Severson
APPROVE,. / Councilmember Aye Nay Pass Absent
Dongarra -Adams X
.�,I� Farrell X
Eric J. evit ry Manager Kealy X
Liebert X
ATTEST: Severson X
/ Steeber X
/ii real Voskuil X
Jean k n Wulf, City Clerk- Treasurer
APPROVED AS TO FORM: 1 _ _
�` � V
City Attorn
Proposed by Neighborhood Services Department
Prepared by Neighborhood Development Specialist ..........-_