2018-1592 Resolution No. 2018-1592
A resolution authorizing the acquisition of real property located at
3901 Enterprise Drive forpublic 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 City has a long history of pursuing acquisition of vacant land for
industrial development and this is a smaller scale continuation of that program; and
WHEREAS, the City has determined that the acquisition of this land is consistent with
previously approved -TID 14 and TID 32 Project Plans and the Comprehensive Plan;
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
topurchase the property dated October 23, 2018 in the amount of Twenty Eight
Thousand and 00/100 Dollars ($28,000) per acre or One Million Three Hundred Sixteen
Thousand and 00/100 Dollars ($1,316,000) for the entire parcel; and
WHERAS, the total funding for this acquisition is provided through Tax Increment
Finance District 32;;and
WHEREAS, the Janesville Plan Commission has reviewed this proposed acquisition on
November 19, 2018 and found it to be consistent with long range City plans, but did not
comment 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
to time and at any time, necessary and/or desirable to effectuate the intent of this
Resolution.
Resolution No. 2018 — 1592
Page 2 , .
ADOPTED: November 26, 2018 Motion by: Gruber
Second by: Conley -
APPROVED: 1 Councilmember Aye Nay Pass Absent
�,� Conley X
Farrell X
Mark A. reitag, City Manage • Gruber X
Jorgensen X
AT.41/: / Marklein X
Williams X
///A�� Wolfe X
•-vid . _o•ek, City perk-Treasurer
APPROVED AS TO FORM:
Wald Klimty Attorney
Proposed by: Economic Development Office
Prepared by: Economic Development Office and =_ - _
City Attorney i _