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2018-1495 Resolution No. 2018-1495 A Resolution authorizing the City of Janesville to proceed with the sale of the property located at 121 East Court Street to One Parker Place, LLP WHEREAS, Wis. Stats 62.22(1), 62.23(17)(a), 62.23(17)(b), 66.0101, 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 121 East Court Street, Janesville Wisconsin: Original Plat, South 92.25 Feet of Lot 1 Block 33; and, WHEREAS, The City of Janesville acquired the property located at 121 East Court through the use of Community Development Block Grant Blight Abatement; and, WHEREAS, The City of Janesville has been approached by One Parker Place, LLP to sell the property for the development of additional parking for their adjoining building; and, WHEREAS, The City of Janesville and One Parker Place, LLP have agreed to a sale price in the amount of $20,000 plus the cost of appraisal of $1,500 and the purchaser will pay all closing costs; and, WHEREAS, the Common Council hereby finds that the sale of this surplus property is consistent with City plans and in the best interest of and benefit to the City and community; and, NOW THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF JANESVILLE that it hereby authorized and directs the City Manager and the City Clerk-Treasurer 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. 2018 — 1495 Page 2 ADOPTED: January 8, 2018 Motion by: Wolfe Second by: Gruber APPROVED: Councilmember Aye Nay Pass Absent Conl Farrell X Mark A . reitag, City Manager / Gruber X Jorgensen X ATT Marklein X 411K Williams X Wolfe X •avid T. Godek, City Clerk-Treasurer APPROVED AS TO FORM: eie.47/W Wald Klimczyk, City Attorney Proposed by: Economic Development Office Prepared by: Economic Development Office and City Attorney