2018-1523 Resolution No. 2018-1523
A Resolution authorizing the purchase acquisition of real property located at 20
East Court Street for public purposes.
WHEREAS, Wisconsin Statutes 66.22(1), 62.23(17)(a), 62.23(17)(b), 66.0101, 66.11(5)
and Chapter 32 and other pertinent Wisconsin Statues permit the City's acquisition,
development, ownership, protection, and conservation of parkland, open space,
riverfront properties, and development properties; and
WHEREAS, the Common Council has previously adopted a Riverfront Development
Strategy that calls for the acquisition, protection, development, and conservation of
lands along the Rock River for parks, recreation and public purposes, including the
riverfront property located at 20 East Court Street in the City of Janesville, County of
Rock, State of Wisconsin (the "Property"); and
WHEREAS, the Common Council has also adopted the Rock Renaissance Area
Redevelopment and Implementation Strategy (ARISE) which designates the area south
of Court Street along the Rock River as Catalyst Site 2 that calls for the development of
a Riverwalk Extension and long term action to develop housing on the site, including the
riverfront property located at 20 East Court Street in the City of Janesville, County of
Rock, State of Wisconsin (the "Property"); and
WHEREAS, the Common Council hereby find that such uses and acquisition constitute
public purpose(s) that benefit the community and promote the health, welfare, safety
and best interests of the City, its residents, businesses and visitors; and
WHEREAS, the City of Janesville Administration has negotiated with the owner an offer
to purchase the property dated February 23, 2018 in the amount of $500,000; and
WHERAS, the total funding for this acquisition is provided by a combination of Tax
Increment Finance Districts 17 and 36; and
WHEREAS, the Janesville Plan Commission has reviewed this proposed acquisition on
March 19, 2018 and found it to be consistent with long range City plans, but not
commenting upon the financial aspects of the transaction:
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 Property from the
owners on behalf of the City; and
BE IT FURTHER RESOLVED, that the City Manager, on behalf of the City of
Janesville, and those he authorizes on his behalf is/are hereby authorized to negotiate,
draft, modify, amend, review, enter into, and file all such other documents, papers, and
agreements, take whatever other actions as the City Manager may determine, from time
Resolution No. 2018 — 1523
Page 2
to time and at any time, necessary and/or desirable to effectuate the intent of this
Resolution.
ADOPTED: March 26, 2018 Motion by: Conley
Second by: Williams
APPROVED: Councilmember Aye Nay Pass Absent
Conley X
Farrell X
Mark A. F eitag, City Manager Gruber X
Jorgensen X
ATTE �/ Marklein X
Williams X
Aeir
Wolfe X
avid T. Godek, City C -rk-Treasurer
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by: Economic Development Office
Prepared by: Economic Development Office and
City Attorney