2014-1131 RESOLUTION NO. 2014 -1131
A resolution authorizing the City Manager to proceed with the sale of property
located at Beloit Avenue and State Highway 11 (Parcel No. 041320006) to Deere &
Company
WHEREAS, the City of Janesville, a Wisconsin Municipal Corporation (hereinafter the "CITY "),
is the owner of record title to the property at the northwest corner of Beloit Avenue and State
Highway 11, Tax Parcel No. 041320006, City of Janesville, County of Rock, State of Wisconsin,
(hereinafter the "PROPERTY ");
WHEREAS, the property consists of approximately 0.68 acres of land located at northwest
corner of Beloit Avenue and STH 11 and was purchased in 2000 as part of the creation of Tax
Incremental Finance District 22; and
WHEREAS, the City of Janesville has negotiated an agreement to sell the parcel to Deere and
Company for Ten and 00/100 Dollars ($10.00); and
WHEREAS, the parcel will be combined with the privately held land to the north to allow for an
expansion to the outdoor storage area for the John Deere assembly and distribution facility; and
WHEREAS, the Common Council of the City of Janesville declared this property to be surplus
property in the TIF 22 and TIF 35 Project Plans and thus no longer is needed for City purposes
and that the proposed transaction is to the benefit and best interest of the citizens and the City
of Janesville.
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 changes that may be necessary to effectuate this land
transaction.
ADOPTED: August 11,2014 Motion by: Liebert
Second by: Kealy
APPROVEDi Q `�� Councilmember Aye Nay Pass Absent
�i Bobzien X
Mark A. Freitag ity Manager Farrell X
Fitzgerald X
AST: , Kealy X Liebert X
�� Marklein X
J- an Ann Wul , City Clerk- Treasur• r Severson X
APPROVED AS TO FORM: 1
(-J
Ti Wellnitz, Assistant y Attorney
Proposed by: Economic Development Department
Prepared by: Economic Development Department