2014-1100 RESOLUTION NO. 2014 -1100
A resolution authorizing the City Manager to proceed with the sale of property
located at 416 S Jackson Street
WHEREAS, the City of Janesville owns the following described parcel:
RAILROAD ADD. LOT 4 EX.S.2'OF E.50' LOT 4 BLK.3 JC6006217
WHEREAS, The City of Janesville acquired the property located at 416 S Jackson
Street in January 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
Jacob White for $59,900.
WHEREAS, The City of Janesville has obtained a copy of an appraisal of the property
in the amount of $70,000; and
WHEREAS, The City of Janesville has verified that Mr. White is within the program
criteria; and
WHEREAS, The City of Janesville has provided $2,945 in down payment assistance:
and,
WHEREAS, the Common Council of the City of Janesville finds that the sale of this
property is in the best interest of and benefit to the City and community; 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: May 27, 2014 Motion by: Liebert
Second by: Kealy
APPROVED: Councilmember Aye Nay Pass Absent
G Z B rre X
Farrell X
Mark A. reitag, City Manager Fitzgerald X
Kealy X
ATTEST: Liebert X
Marklein X
Severson X
Jea • Ann Wulf, ItyClerk- Treasure
APPROVED AS TO FORM: (/
Lam `_' t--J OCILIX
Tim Wellnitz, Assistant City Attorney
Proposed by: Neighborhood and Community Services
Prepared by: Neighborhood Development Specialist