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2014-1084 RESOLUTION NO. 2014 -1084 A resolution authorizing the City Manager to proceed with the sale of property located at 1332 Hawthorne Ave WHEREAS, the City of Janesville owns the following described parcel: SCHNELL'S S.D. LOT 56 JC5100953 WHEREAS, The City of Janesville acquired the property located at 1332 Hawthorne Ave, through the Tax Foreclosure Improvement Program; and WHEREAS, The City of Janesville has rehabilitated the property; and WHEREAS, The City of Janesville has negotiated an agreement to sell the property to Christopher D. Gilbert for $116,000.00. WHEREAS, The City of Janesville has obtained a copy of an appraisal of the property in the amount of $116,000.00; and WHEREAS, The City of Janesville has provided $3000.00 in down payment assistance: and, WHEREAS, the Plan Commission has reviewed this transaction during their October 4, 2010 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. v L ADOPTED: March 24, 2014 Motion by: Marklein Second by: Severson _ APPROVED: Councilmember Aye Nay Pass Absent Farrell X ( Fitzgerald X Mark Frei g, City Manager Kealy X Liebert X ATTEST: Marklein X Severson Voskuil X Voskuil X Je Ann Wulf, City Clerk- Treasur r APPROVED AS TO FORM: Wald Klimczy ity Attorney Proposed by: Neighborhood & Community Services Prepared by: Neighborhood Development Specialist