2014-1090 RESOLUTION NO. 2014 -1090
A RESOLUTION authorizing the City of Janesville to Enter Into a Lease with Option to
Purchase Agreement with Blackhawk Bank for the Property Located at 200 W.
Milwaukee Street, Janesville, Wisconsin.
WHEREAS, the City of Janesville owns an office building located at 200 W. Milwaukee
Street, Janesville, Wisconsin; and
WHEREAS, that building became vacant and surplus in January, 2014; and
WHEREAS, the City of Janesville entertained lease proposals from known interested
parties; and
WHEREAS, specific terms, payments, and conditions thereto have been negotiated by
and between the City Administration and Blackhawk Bank and set into a written
document called the Lease and Option to Purchase Agreement ( "Agreement'), a true
and correct photocopy of which is attached hereto and incorporated herein as if fully set
forth verbatim; and
WHEREAS, such Agreement terms and conditions therein are permitted by law and the
Common Council is empowered to enter into such Agreement, pursuant to sections
62.11(5), 62.22, 62.23 and other pertinent provisions of the Wisconsin Statutes and law;
and
WHEREAS, the Plan Commission reviewed the Lease and Option to Purchase
Agreement for this building on the 21 day of April, 2014 and found it to be consistent
with City plans; and
WHEREAS, entering into said Agreement is in the best interest of the City of Janesville
and of benefit to the community and its residents, businesses, and taxpayers.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Janesville that they hereby approve and authorize the City Manager to execute and
enter into, on behalf of the City of Janesville, the attached Agreement with Blackhawk
Bank; and
BE IT FURTHER RESOLVED, that the City Manager is hereby authorized to negotiate
and execute such documents, papers, agreements, amendments and forms, to take
whatever other actions and to make whatever other changes to the Agreement and
such other documents, papers, agreements, amendments and forms as the City
Manager may, from time to time, find necessary, desirable and /or beneficial to
effectuate the Agreement and /or the intent of this Resolution on the City's behalf.
ADOPTED: April 28, 2014 Motion by: Kealy
Second by: Marklein
APPROVED: Councilmember Aye Nay Pass Absent
4 Bobzien X
Farrell X
eit- i, City Manager Fitzgerald X
Kealy X
ATTE Liebert X
', Marklein X
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Severson X
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APPROVED AS TO FORM:
Tim Wellnitz, Assistant City Attorney
Proposed by: Economic Development
Prepared by: Economic Development