2015-1224 •
RESOLUTION NO. 2015 -1224
RESOLUTION AUTHORIZING THE CITY TO ACQUIRE AND REHABILITATE, RESELL, OR
DEMOLISH THE PROPERTIES LOCATED AT 478 N TERRACE ST, 415 N PALM ST, 604 S
FREMONT ST, AND 12 FREEDOM LN UNDER THE 2015 ROCK COUNTY TAX
FORECLOSURE PROGRAM
WHEREAS, Wis. Stats. § §62.22 (1), 62.23 (17) (a), 62.23 (17) (b), 66.0101, 62.11(5) and
Chapters 74, 75, and 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, Rock County has foreclosed upon the properties located at located 478 N. Terrace
St, 415 N. Palm St, 604 S. Fremont St, and 12 Freedom Ln, in the City of Janesville, County
of Rock, State of Wisconsin for delinquent property taxes as outlined in Wis. Stats. §75.521;
and
WHEREAS, the City of Janesville has a first right to acquire the properties before they are sold
at public auction; and
WHEREAS, the purchase price for such properties is equal to the amount of delinquent taxes,
special assessments and charges, and interest plus closing costs as follows:
478 N Terrace St - $11,758.84 plus $500 estimated closing costs ($3,011.75 returned to City)
415 N Palm St - $12,969.67 plus $500 estimated closing cost ($4,984.78 returned to City)
604 S Fremont St - $12,150.97 plus $500 estimated closing cost (3626.56 returned to City)
12 Freedom Lane - $28,071.55 plus $500 estimated closing cost;
WHEREAS, the City Council adopted the Look West & Old Fourth Ward Neighborhood
Revitalization Plan on December 8, 2008, which identifies home and property maintenance and
historic preservation among the critical issues for neighborhood improvement; and
WHEREAS, the Janesville Plan Commission has reviewed this proposed acquisition on
September 21, 2015 and found it to be consistent with long range City plans, but not
commenting upon the financial aspects of the transaction; and
WHEREAS, the funding source for the acquisition, rehabilitation, and demolition is the
Neighborhood and Downtown Property Acquisition Fund; and
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 Properties described above from the owners on behalf of
the City in the manner and for the amounts set forth in the above recitals; 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: September 28, 2015 Motion by: Tidwell
Second by: Gruber
APPROVED: Councilmember Aye Nay Pass Absent
■&' Bobzien X
Deupree X
Mark A. reitag, City Manager Farrell X
Gruber X
ATTE • j Liebert X
Marklein X
• Tidwell X
Dav'd Godek, City Clerk- reasurer
APPROVED AS TO FORM:
Wald Klimcz , ity Attorney
Proposed by: Neighborhood and Community
Services Department
Prepared by: Neighborhood Development Specialist