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2019-1630 Resolution No. 2019-1630 A resolution authorizing the acquisition of real property located at 123 West State Highway 11 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 City has a long history of pursuing acquisition of 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 35 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 Common Council at its January 14, 2019 meeting authorized the Administration to negotiate for the purchase of 123 West State Highway 11 ; and WHEREAS, the City of Janesville Administration has negotiated with the owner an offer to purchase the property dated February 19, 2019 in the amount of One Hundred, Forty- Seven Thousand and Seven and 42/100 Dollars ($147,007.42); and WHEREAS, the City of Janesville Administration is required to pay replacement housing costs to the owner in the sum of Seventeen Thousand, Five Hundred and 00/100 Dollars ($17,500); and WHERAS, the total funding for this acquisition is provided by the Tax Increment Finance District 35; and WHEREAS, the Janesville Plan Commission has reviewed this proposed acquisition on March 4, 2019, 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 Resolution No. 2019 — 1630 Page 2 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. ADOPTED: March 11, 2019 Motion by: Consent Second by: Consent APPROVED: Councilmember Aye Nay Pass Absent Conley X Farrell X Mark A. reitag, City Manager Gruber X Jorgensen X ATTE • Marklein X Williams X Wolfe X P.vid T. Godek, City Clerk-Treasurer APPROVED AS TO FORM: Wald Klimczyk, City Attorney Proposed by: Economic Development Office Prepared by: Economic Development Office and City Attorney