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2016-1343 RESOLUTION NO. 2016 -1343 RESOLUTION AUTHORIZING THE ACQUISITION OF REAL PROPERTY LOCATED AT 522 S. Blackhawk Street, 632 W. Delavan Drive, 568 S. Main Street, 604 S. Main Street, and 430 N. Pearl Street 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 522 S. Blackhawk Street, 632 W. Delavan Drive, 568 S. Main Street, 604 S. Main Street, and 430 N. Pearl Street 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: • 522 S. Blackhawk Street - $10,905.19 plus $300 estimated closing costs ($2,778.59 returned to the City) • 632 W. Delevan Drive - $11,173.08 plus $300 estimated closing costs ($1,809.31 returned to the City) • 568 S. Main Street - $15,353.24 plus $300 estimated closing costs ($2,858.12 returned to the City) • 604 S. Main Street - $15,575.75 plus $300 estimated closing cost ($1,608.39 returned to the City) • 430 N. Pearl Street - $20,876.50 plus $300 estimated closing cost ($7,745.22 returned to the City) and; 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 6, 2016 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 26, 2016 Motion by: Williams Second by: Liebert APPROVED: Councilmember Aye Nay Pass Absent Gruber X GGGfff��� Gruber X Mark A. F eitag, City Manag upree Jorgensen x Liebert X ATT / Marklein X Tidwell X ,X1i-.W Williams X David Godek, City Clerk- Treasurer APPROVED AS TO FORM: Wald Klimcz k, City Attorney Proposed by: Neighborhood and Community Services Department Prepared by: Neighborhood Development Specialist