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2015-1239 Resolution No. 2015 -1239 A Resolution authorizing the City Manager to proceed with the sale of property located at 1623 Beloit Avenue WHEREAS, Wis. Stats. 62.22(1), 62.23(17)(a), 62.23(17)(b), 660101, and 62.11(5) and other pertinent Wisconsin Statutes permit the City's acquisition, development, ownership, protection, and subsequent sale and /or other conveyance of surplus real property; and WHEREAS, the City of Janesville owns the following described parcel, better known as 1623 Beloit Avenue, Janesville, Wisconsin: Lot 1 CSM 940714 in Volume 10, Pages 327 and 328 of Certified Survey maps of Rock County Wisconsin; and WHEREAS, the City of Janesville acquired the property located at 1623 Beloit Avenue through a Tax Foreclosure and environmentally remediated the site through a Brownfield Site Assessment Grant (SAG) from the State of Wisconsin; and WHEREAS, the City of Janesville has negotiated an agreement to sell the property to GEH Holdings, LLC for an amount of $25,000; and WHEREAS, the Common Council of the City of Janesville hereby find that the sale of this surplus property is in the best interest of an benefit to the City and community; and WHEREAS, the Plan Commission reviewed this purchase and designation as surplus upon completing environmental remediation at its September 17, 2007 meeting and found the purchase and sale to be consistent with established City plans and recommended that the City Council proceed with the purchase, remediation and sale of this property, but further noted that the Plan Commission had not reviewed the financial aspects of the 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 changes that may be necessary to effectuate this land transaction. Resolution No. 2015 — 1239 Page 2 ADOPTED: September 28, 2015 Motion by: Liebert Second by: Deupree APPROVED: / Councilmember Aye Nay Pass Absent Bobzien X ,� Deupree X Mark A. r reitag, City Manager Farrell X Gruber X ATT T. /- -- Liebert X f,or Marklein X Tidwell X David T. Godek, City Clerk- Treasurer APPROVED AS TO FORM: Wald Klim zyk, City Attorney Proposed by: Economic Development Department Prepared by: Economic Development Department and City Attorney