CCR1990010COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #10-90
RESOLUTION AS TO OFFER TO PURCHASE
(Wesco Machine Products, 1nc.-Industrial Park Addn.)
BE IT RESOLVED that the Common Council of the City of Muskego,
upon the recommendation of the City's broker and the Finance
Committee, does hereby approve the attached Offer to Purchase
(Wesco Machine Products, Inc. - Industrial Park Addn.) in the
amount of $36,000.00 for an approximate one and one/half acre
and approval of the City Attorney. parcel in the City's Industrial Park, contingent upon review
BE IT FUKTHER RESOLVED that the Mayor and Clerk are authorized
to sign the necessary documents in the name of the City if
approved by the City Attorney.
DATED THIS 9th DAY OF January , 1990.
FINANCE COMMITTEE
Ald. Edwin P. Dumke
Ald. Daniel J. Hilt
Ald. Harold L. Sanders
ATTEST :
City Clerk
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MCC: R250-89a
RIDER TO OFFER TO PURCHASE
The following terms and conditions are made a part of the Offer to
Purchase attached as if fully incorporated therein and dated December 27. 1989
by and between the City of Muskego, as Seller, and Wesco Machine Products, Inc
or Assigns, as Buyer
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Special Improvements:
A. The purchase price includes the following improvements
paid and available for use by Buyer Buyer will connect to sewer Sanitary sewer and 2" water laterals are at lot line and fully
and water at Buyer's expense. Electric and telephone service is
available along lot line Natural gas is available in Saturn
Drive.
B If said streets are not permanently surfaced at the time of the
completion of this transaction, said streets when permanently
improved shall be at the expense of the City and no special
assessments with respect to the permanent improvements of the
streets shall be assessed against the property herein described,
and the Buyer, his heirs and assigns, shall have no further
obligation with respect hereto
It is agreed between Buyer and Seller
A. The provisions of paragraphs thirteen (13) and fourteen (14) of
originally adopted by the City of Muskego Industrial Park as
the Rules and Regulations for the Muskego Industrial Park as
July 28, 1970, and further extended to cover Muskego Industrial
originally adopted by the City of Muskego by Resolution #145-70 on
Park Addition #1 on May 27, 1986, are incorporated herein by
reference as if fully set forth herein, Said provisions
provided in effect that in the event the Buyer should desire to
resell a portion of the premises which are the subject of this
Contract and which are not being used in connection with Buyer's
business, that he must first offer the same to the City for
repurchase. The City shall then have ninety (90) days to act upon
said offer.
B These provisions shall constitute covenants running with the land
and shall be binding upon the successors and assigns of the
parties hereto and may be included in the deed which Seller
delivers to Buyer in completion of this transaction, Buyer
acknowledges that he has received a copy of the full text of the
Rules and Regulations of the Muskego Industrial Park and that he
has read and fully understands same
C. The warranty and representation made herein survive the closing of
this transaction.
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0 111 Contingencies
A. This offer is subject to Buyer receiving by January 25th, 1990
a written commitment for financing from the State Bank of Hales
Corners for an amount not to exceed the purchase price of the parcel
at an interest rate not to exceed prime rate plus one percent
B. This offer is contingent upon Buyer, at Buyer's expense, completing
a sub-soil analysis showing that the soil conditions of the subject
real estate are sufficient and suitable to permit the construction
and erection thereupon of the improvements contemplated by Buyer
with the results of such analysis being acceptable to Buyer at
Buyer's sole and absolute discretion. This contingency shall
automatically expire within 30 days of the acceptance of this Offer
unless Buyer notifies Seller in writing within the 30 day period of
Buyer's election to use this contingency to nullify this Offer
C The Buyer shall have up to twenty (20) months from the date of
closing to begin construction of the proposed improvements before
the Seller shall have the option to repurchase the land as set forth
in the Rules and Regulations of this Industrial Park,
BUYER: WESCO MACHINE PRODUCTS, INC SELLER. CITY OF MUSKEGO
OR ASSIGNS
By :
Leonard Mueller, Vice President
BY. Wayne G Salentine, Mayor
Date Date:
Countersigned.
By '.
Jean K. Marenda, City Clerk
Muskride, jhh
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