CCR2006114.
COMMOIN COUNCIL ... CITY OF MUSKEGO
RESOLUTION #114-2006
PROPERTY SALE TO THE COMIMUNITY DEVELOPMENT AUTHORITY
(Part of Current Tax K'ey Number MSKC .2198.991)
WHEREAS, As per Common Council IResolulion #021-2005, the Common Council
approved giving the development rights of tile c:Ievelopa bl,2: portion of a parcel along
Janesville Road (Known as part of Tax I<.ey Number MSKC 2198.991) to the
Community Development Authority to assure the appropriate development of the parcel
consistent with the adopted ReclE!Velopmmlt District #2 Plan; and
WHEREAS, The sale of the property was t) be under the final authorization of the
Common Council and the Common Councill \lvas to have final approval authority of any
resale of said property; and
WHEREAS, A condition of the Council approval vilas that thE3 Community Development
Authority will retain the proceeds resulting horn sale of the property in a separate CDA
account for future deveopment, orant matchinq, or bondin!;1 authority purposes; and
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WHEREAS, The Community DeveloprnE!nt Authority has solicited for Request For
Proposals within the last year and has approved of a mi)(E~d use development meeting
the guidelines of the Redevelopment District #2 F)lan alonçl with TID incentives for the
project; and
WHEREAS, The proposed development StlOwS hat the developer will pay $150,000 for
the parcel to the City; and
WHEREAS, The parcel in question was origim:t1I:y tought by the City with TID dollars
and the City would have to put any rnOnE)Y recelvI9d for the parcel back into the TID if it
continues under City ownership; and
WHEREAS, In order for the Community DeVElopment Authority to realize the $150,000,
the City must first sell the property to the Corrmunity Development Authority; and
NOW, THEREFORE, BE IT HESOLVED Tha: the Common Council of the City of
Muskego, upon the recommendation of the Ccmmunity DI~Nelopment Authority, does
hereby approve of selling the developable portion of the City owned Janesville Road
property (Known as southern part of Tax Key !\lumber MSKC 2198.991) to the
Community Development Authority for $1.
BE IT FURTHER RESOLVED, That the Co TlI1lunity Development Authority shall
deposit all monies from the sale of the propE rl:y into a separate account for future
development, grant matching, bonding authority, or other economic development
. purposes.
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Reso. #114-2006 Page 2
BE IT FURTHER RESOLVED, That the Community Development Authority shall sell
the parcel to the developer of Parkland View Development and the sale of that property
shall occur after the Developer's Agreement for TID incentives has been approved by
the Common Council.
BE IT FURTHER RESOLVED, That the sale of the property to the CDA shall be under
the signature of the Mayor subject to City AttornElY review of all sale documents.
DATED THIS 23rd DAY OF Ma~_____, 2006.
~)PQNSORED BY:
COMMUNITY DEVELOPMENT AUTHORITY
Ald. Eric Schroeder
Ald. !\Iancy Salentine
This is to certify that this is a true and accurate copy of RE~solution #114-2006 which was
adopted by the Common Council of the City of MuskElgo.
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