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2018-1497 RESOLUTION NO. 2018-1497 A resolution authorizing the City Manager to proceed with the conveyance of property located at 214 South Franklin Street to the Wisconsin Partnership for Housing Development, Inc. WHEREAS, the City of Janesville owns the following described parcel of real property: SMITH-BAILEY & STONE'S ADD. LOT 48JC6006433 For informational purposes: 214 S. Franklin St. Janesville, WI 53548; Parcel 0136400614; and WHEREAS, the City of Janesville acquired the property located at 214 S. Franklin St. in October 2017 through the Rock County Tax Foreclosure Program for the purpose of neighborhood improvement; and WHEREAS, the City of Janesville has entered into an agreement with the Wisconsin Partnership for Housing Development, Inc., for the rehabilitation of residential properties under the HOME Investment Partnership Program; and WHEREAS, the Wisconsin Partnership for Housing Development has expressed a willingness to rehabilitate the single-family residential property at 214 S. Franklin St. under the HOME Investment Partnership Program; and WHEREAS, the rehabilitation is consistent with the City of Janesville Look West and Old Fourth Ward Neighborhood Revitalization Plans and the City of Janesville Comprehensive Plan, which call for the revitalization of neighborhoods that have experienced decline and for the City to acquire vacant, dilapidated, and tax-delinquent properties for rehabilitation and resale to increase owner-occupancy and promote continued investment in existing neighborhoods; and WHEREAS, it is in the best interest of the City of Janesville to convey 214 S. Franklin St. to the Wisconsin Partnership for Housing Development for rehabilitation upon the price, terms, and conditions set forth in the accompanying agenda item cover memorandum to the Common Council; and WHEREAS, the rehabilitated home will be sold to an income eligible party under the HOME Investment Partnership Program. 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 conveyance of such property as proposed above; 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 minor changes and amendments that he may decide, from time to time, to be necessary and/or desirable to effectuate the intent of this resolution and land transaction. ADOPTED: January 22, 2018 Motion by: Wolfe Second by: Gruber APPROVED: Councilmember Aye Nay Pass Absent Conley X Farrell X Mark A. F eitag, City Manager Gruber X Jorgensen X ATT•:. / Marklein X J�—� Williams X �j �� Wolfe X t- i. T. Godek, City Clerk-Treasurer APPROVED AS TO FORM: City Attorney Proposed by: Neighborhood and Community Services Department Prepared by: Housing Services Director