2014-1126 RESOLUTION NO. 2014 -1126
A RESOLUTION AUTHORIZING THE ACQUISITION OF REAL PROPERTY LOCATED AT
51 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, including the
property located at 51 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 51 S. River Street in the amount One Hundred and Fifty Thousand Dollars ($150,000)
plus Closing Costs; and
WHEREAS, the funding for this acquisition will be provided by Blight Elimination funds from one
or more Tax Increment Finance Districts within % mile of the Property; and
WHEREAS, at their July 7, 2014 meeting, the Janesville Plan Commission found the acquisition
of 51 S. River Street to be consistent with established City plans, but did not comment on the
financial aspects of the transaction;
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: July 14, 2014 Motion by: Kealy
Second by: Liebert
APPROVED: / Councilmember Aye Nay Pass Absent
/ Bobzien X
Farrell X
Mark A . 'reitag, City Manager / Fitzgerald X
Kealy X
ATT , : Liebert X
Marklein X
/Lair_ Severson X
- id T. Godek, Deputy City Clerk- Treasurer
APPROVED AS TO FORM:
&110
Wald Klimczyk, City Attorney
Proposed by: Economic Development
Prepared by: Economic Development