CCR1983268YI RESOLUTION #268-83
(As Amended)
WAIVING THE RIGHT OF THE CITY TO
PURCHASE PARCEL OF LAND FOR SALE
BY T. BUSS (Muskego Business/Industrial Park)
WHEREAS, the Rules and Regulations for the Industrial Park
require that in the event any purchaser of land from the
City elects to sell any portion thereof, the same shall
first be offered for sale to the City, and
WHEREAS, Gemini Partnership owns property at S81 W18510
which is now vacant to Wayne Borchardt for construction of
Gemini Drive and desires to sell a portion of said property
a building prior to'the end of 1984, and has requested the
City to release its purchase option.
THEREFORE, BE IT RESOLVED that the Common Council of the City
of Muskego, upon the recommendation of the Finance Committee,
attached Release of Purchase Option relating to the
does hereby authorize the Mayor and Clerk to execute the
Gemini Partnership property at 581 W18510 Gemini Drive (Lot 7,
Block 2) in the Industrial Park.
DATED THIS 11th DAY OF October , 1983
FINANCE COMMITTEE
Ald. Edwin Dumke
Ald. Mitchel Penovich
ATTEST
City Clerk
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RELEASE OF PURCHASE OPTION
8 WHEREAS, the Gemini Partnership owns property at S81
W18510 Gemini Drive in the Industrial Park in the City of Muskego, the
legal description of which is Lot 7, Block 2, Muskego Industrial Park, a
subdivision of part of the NW 1/4 of Section 16 and NE 1 /4 of Section 17,
Town 5 North, Range 20 East, City of Muskego, Waukesha County, Tax
I
r
E, Key NO. 2221 . 01 6, and
WHEREAS, the Gemini Partnership has constructed a build-
ing cx1 a portion of said lot pursuant to the original purchase agreement
of Asril, 1974 and
WHEREAS, the Gemini Partnership now desires to sell a por
tion 3f said vacant land to a third party and has requested the City of
Mus,kqo to release any interest that it may have pursuant to among
othe- documents, the rules and regulations for Muskego Business / In-
dustrial Park, in particular no. 13 of said document and
WHEREAS, the City of Muskego has been advised tht the
third party purcbser intends to construct a building cn the property
prior to the end of 1984 and
WHEREAS, the Gemini Partnership has no immediate plans
for the development of said vacant land and that said land would remain
taxed only as vacant land by the City of Muskego as opposed to being
taxed as vacant land and improvements.
NOW, THEREFORE, It is hereby agreed by the City of Muskego
by its duly designated agents that the city do= hereby release and waive
any purchase rights that it may have under the original offer to purchase,
rules and regulations for Muskego Business/Industrial Park and any other
documents as said right pertains to Lct 7, Block 2, Muskego Industrial
Park, provided that the purchaser of said property shall commence con-
struction of a building on said real estate no later than December 31,
1
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1984.
Dated at Muskego, Wisconsin this 12th day of October, 1983.
CITY OF MUSKEGO
WaynyG. Salentine, Mayor ..
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RESOLUTION #268-83
WAIVING THE RIGHT OF THE CITY TO PURCHASE
PARCEL OF LAND FOR SALE BY T. BUSS
(Muskego Business/Industrial Park)
WHEREAS, the Rules and Regulations for the Industrial Park
City elects to sell any portion thereof, the same shall first
require that in the event any purchaser of land from the
be offered for sale to the City, and
WHEREAS, Gemini Partnership owns property at S81 W18510
Gemini Drive and desires to sell a portion of said property
which is now vacant to Wayne Borchardt for construction Of
City to release its purchase option.
a building prior to the end of 1984, and has requested the
THEREFORE, BE IT RESOLVED that the Common Council of the City
of Muskego, upon the recommendation of the Finance Committee,
does hereby authorize the Mayor and Clerk to execute the
attached Release of Purchase Option relating to the portion
of the Gemini Partnership property at 581 W18510 Gemini Drive
in the Industrial Park proposed to be sold to Wayne Borchardt
1984.
for construction of a building to begin prior to the end of
DATED THIS DAY OF , 1983.
FINANCE COMMITTEE
Ald. Edwin P. Dumke
Ald. Mitchel Penovich
Ald. Charles Colburn
ATTEST,:
L' CitJi' Clerk 1
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