2021-1887 Resolution No. 2021-1887
A resolution authorizing the City of Janesville to declare surplus and proceed
with the sale of property located at 22 N Hight Street located within Janesville's
Tax Incremental Financing District No. 36 to Murton, LLC.
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
22 N High Street, Janesville Wisconsin: Smith-Bailey & Stone's ADD, W 1/3 LOT 143
JC5804128; and,
WHEREAS, the City of Janesville has identified this property as surplus property and an
offer to purchase has been submitted by Murton, LLC. to purchase the property from the
City for commercial development; and,
WHEREAS, Murton, LLC (developer) and the CoJ have negotiated a certain TIF
Development Agreement which, in major part, calls for the CoJ to provide the developer
a .07 acre property located at 22 North High Street for $1.00 to be used for the
development of a commercial use of the property; and
WHEREAS, the City of Janesville and Murton, LLC has agreed to a sale price in the
amount of$1 total for the parcel; and,
WHEREAS, the acceptance of the Offer to Purchase includes the condition to transfer
deed back to the City of Janesville, if said improvements as described in the
Development Agreement between the CoJ and Murton, LLC are not completed by
December 31, 2021; and
WHEREAS, the Planning Commission reviewed the declaration of the property as
surplus at its April 13, 2021 meeting and unanimously agreed and recommended the
City proceed with the conveyance of such land: and
WHEREAS, the Common Council hereby finds that the sale of this property is
consistent with City Plans and in the best interest of and benefit to the City, its
taxpayers, and community.
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Janesville that the Administration's negotiated TIF Development Agreement with
Murton, LLC. and the TIF development incentive described above is hereby approved
and authorized, according to the terms and conditions set forth in the specific TIF
Development Agreement; and
Resolution No. 2021-1887
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, and to make and enter into whatever other
changes and amendments to the TIF Development Agreement, and such other
documents and agreements, which the City Manager may, from time to time, deem
necessary and/or desirable to effectuate the intent of this Resolution.
ADOPTED: May 10, 2021 Motion by: Benson
Second by: Williams
APPROVED: Councilmember Aye Nay Pass Absent
Benson X
Jackson X
Mark A. eitag, City Manager Johnson X
Marklein X
ATTEST: Marshick X
Miller X
Williams X
Derek e, Interim City Clerk-Treasurer
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by: Economic Development Office
Prepared by: Economic Development Office/City
Attorney