CCR1986157RESOLUTION #157-86
WHEREAS, an 0
been submitte
parcel having
Mercury Drive
and
INDUSTRIAL PARK EXPANSION
OFFER TO PURCHASE
ffer to Purchase in the amount of $24,000.00 has
d by Arthur K. and Anna J. Krueger for a one acre
150 feet of frontage on Saturn Drive west of
in the Muskego Industrial Park Addition No. 1,
WHEREAS, the City's broker has recommended that the City accept
the offer, and
WHEREAS, the Finance Committee has recommended approval.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the
City of Muskego, upon the recommendation of the Finance
Committee, does hereby accept the offer in the amount of
$24,000.00 as submitted by Arthur K. and Anna J. Krueger for a
one acre parcel having 150 feet of frontage on Saturn Drive
west of Mercury Drive in the Muskego Industrial Park Addition
No. 1.
BE IT FURTHER RESOLVED that the Mayor and Clerk are authorized
to sign the necessary legal documents in the name of the City.
0
DATED THIS ax, DAY OF
NCE COMMITTEE
VACANT LAND OFFER TO PURCHASE
I ....... ................. Brookfield ,Wisconsin. .JULY. .!!. . 19 .SP
2mereby ofin lo purchase the pmpfiy known Bs . .1 :o a.cre.? of. land, .(!?.;be. .ve,riE!ed b.y survey.j).
4 In the .City . . ... d.. ... ..Muskeg?. .... .... county or wauke?h?. ............... ~sconsin.
5 mom particulady described M: . .hf!vi"8. .!so. !.!et .?! f.???!t?.@?. .on, .Satu?,". &!"e. .!!e?!, Of !!e?.c"!Y. !?ri.ve.
6 tr! the, .%R!ke.?,p. .!ndustria!. .pa.rk..as..o"tli.ned.in~ red..'?!, .attaC.hed m.?P:. To. be. ,reC,c)rded. ,by .a.
1 cest.ified..surve.y map. ,to be prep.ered. by .C!tr. of. Muskego,. .... ..................
The undersigned Buyer.. .Ar.thur K. ..and .Anna .J... .b~uegef. .. ........
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IO atthepriceof . ,Twenty. .Faux .T.bnus.end..and. noJ.1RO.---~---.~~~-----.-~.--.--.--.-T---r----------
I I Dollars (3 2.4 , flofl. fl0-r~ j &nd on the terms and condiUms as follo~:
I2 Earnestmoneyof3.1..0.00..a0.. ..... lendendhan~lth.,4ddi~~-$ ....................
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23 (If this olTcr is subject (b finamins. pe~colation te3t, specific zoning or use, approval or recorded building and use restrictions and covenants. nr any
24 other contlnpency. it mart be stated here. U none, SO state.)
25 This .................................... Offer is contingent upon the following:
26 1;. That, the. aub~oil~cond~tio~s,of the land are ..... sufficient to support ................... Buyer s proposed' ............... ...............................
21 5.000 square foot building.
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Bllyeragrres that unless otherwise specified. Buyer +rill psy all costs of securing any Anancineto the eaten1 pennitled by law. and lo prfom all acts necessary lo erpdile such financing.
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60 Seller shall. upon payment ofthe purchase price, convey &e proprlyby warranty &d. 0.. nther conveyance provided herein. free and clear of all
61 liens and encumbrances, excepting: municipal and zoning ordinances, recorded ea~cmc. ,s for public utilities localed adjacent lo side and rear 101
63 .of..the ,Muskego Industrial P,ark .as adopted b.y .the..CFty .of. Muskego
62 Tines. recorded building and use resrrictions and covenants. general taxes levied in the year of closing and :..the RU1e.s and. .ReFA"Jat -
64 bgnl possession of property shall be delivered to buyer on date of closing.
6i.x It is understood the property I3 .vac4n.t, 14nd ........ ...... ..
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67 P "7 .......................................................
68 Occupancy of land
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71 . -SF. 72 *\
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76 ......... ..... , 19 .86. ; otherwise, (0 be returned 10 the undersiped Buyer -when check. clears .ban
77 -and this oller shall become \\ null and void,
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shall be piven to Buyer on ,dat.e 4f C.lQSilU
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Ifthiso~erisacsepted,itshallnotbecomebindinguponBuyeruntilacopyofacceptedoflerisdcpositcd,postagep~epaid,inthcUn~tedState~
mails, a&ressd to Buyer at., Instrumatice ................................ Incorporated I,. 232 ......................... South Jefferson $.tye,et,,. W,a(e,rfo,Ul,,, W.I, >.JCer ............................................. ..
This transaction is lo be closed at the ollice of Buyer's mortgadee or at thc"d MuE.k?go. city Ha11
....................... September 2 19 86, . or at such olher time and place as may be agreed in writing by Buycr .Ind Selll,:
, . ,or by pcrson:d delivery Ihcreof.
................ ... ....... , on or bela
Seller represents to Buyer that the property is zoned .... I.-!. .J,n.du@.<ri.q1. .pa.rk, . ............ ....... ..
Seller wanmu and represents (0 Buyer that the property is not located in a flood plain. as per .... r.ecord.s
. ...~. . ... ... Caution:'R;Cer lo wetlands regulations.)
keller warrants and represents to Buyer that Seller has no'notice or knowledge of any:
tb)hovemment agency or court order requiring repair. alteration or correction of any existing condition.
a)planned or commenced public improvement which may result in special assessments or otherwise materially alrecl the property,
EXCEPTIONS TO WARRANTIES AND REPkEESENTATIONS STAIED IN LINLS 86T0 91: .Now ........ ..... ...... .. .. ..
Interest. rents. water and sewer use charges and homeowners associaiion assessments shall be prorated as of the date olclosing. Accrued
income and expenses. including lams for the day of closing. shall accrue to Seller.
General tales shall be prorated at the time olclosing based on the net general taxes for the current year, if known, olherwise on the net general
CAUTION: If propeny has not been fully assessed for taa purposes. or reassessment is completed or pending. tax proration shall be on the basis of
taaes for the preceding year.
s ........ .+. ..... estimated annual tax. Make special agreement if area asscssmcnt(s) islare contemplated andlor homeowners
association has assessed or may assess.
assessments. including any contemplated special assessments. shall he paid by Buyer.
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Special assessments, if any, for work on site actually commenced or levied prior to date oflhis offer shall be paid by Seller. All other special
Seller shall furnish and deliver to Buyer for examination at least I5 days prior tu the date set for closing. ... ... bc
commitment by such a title company, agreeing to issue such a title policy upon the recording of the proper documcnts as agreed herein. shall be
deemed sunicient perform~~e.
furnish written proof. ator before closing, that lhe total underlyinh indebtedness. if any. is not in excess of the proplsed balance ol'lhe land confri\cl.
IfthisoNerprovidesforalandcontract.thesameevidenceoltitleshallbefumishedpriortotheexeculionofthelandcontrac1,a~ldSellcrshall
and that the payments on this land contract arc sullicient to meet all of the obligations of Scllcr on the underlying indebtedness.
Should Buyer fail to carry out this agreement. all money paid hereunder, including any additional earnest moncy. shall. at the optionof Seller.
be paid lo or retained by Seller as liquidated damages. If such money is held by Broker. Broker shall disburse such money as follows:
I. To Buyer, if Seller has not notilied Buyer and Broker in writing of6rller's election to consider all money paid hereunder as liquidated damages
1. ToSellerasliquidatcddamages,subject~o~~ductionsofBroker'scommissionanddisbursements,ifany,ifneitherpanyhascommcncedalaw
or pan payment for specific performance within 60 days of closing date set forih In lhir agreement. or;
suit on this maner within 120 days of the closing date set forth in this agreement.
Should Seller be unable to carry out this agreement by reason ole valid legal defect in title which ttuyer is unwilling to waive. all money
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paid hereunder shall be returned to Buyer forthwith. and this contract shall te void.
Sp~~lA~p~~~I~~~N~ See Rider attached hereto whose .... terms and conditions ......... are made a part
of this ............................ Offer to Purchase as If fully incorporated here'in.~ . The ............... 'iand is presently .. ow&d'
by the City of Muskego and currently tax exempt.^"
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of'a copy ofthis ofier to purchase. BUYERIS ADVISEDTHAT BROKER
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(Buyer)
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CLOSING OF THIS TRANSACTION. THE UNDERSIGNED HEREBY AGREES TO SELL AND CONVEY THE ABOVE-
THIS OFFER IS HEREBY ACCEPTED. THE WARRANTIES AND REPRESENTATIONS MADE HEREIN SURVIVE THE
MENTIONEDPROPER~ONTH~TERMSANDCONDlTlONSASSETFORTHANDACKNOWLEDGESRECElPTOFACOPY OF THIS AGREEMENT. CITY OF MUSKEGO
..................... :?L!?y:- ... .. ..... ... ..... -.86-By<-- - - ~ . -
Pursuant to Reeolution R passed
by the Muskego Comhon Council on
Wayne G. Salentlne. Mayor (Selleri
LIy ............ ,, . .19,. ........... By:
(Seller,
Earnest money in the mount of S , ~. . ~ ~ ~ ~ ~
1.000.00 in form of . .~e?.?onal. heck
.. .received from .Arthu.r K: 6 A.nna. .J:. ,K.rue.ge?. ..... ....... ......... . .........
\ Xcounl in Wisconsin. or transmit the same in accordance wilh the terms of lhe above offer. The undersigned hereby agrees to hold same in an authorized real estate tms~
\
..... .. :...J~Y. .)I.. ... : . 1986
. Brokel
t’ mnmmommmp(lR(glyne
hereto and dated July 11, 1986.
1.
A. The $rchase price includes the following improvements: Sanitary Sewer and
Special Improvements:
Buyer. Buyer will connect to sewer and water at Buyer’s expense. Electric
water laterals are at lot line and fully paid for and available for use by
and telephone service to be available along rear lot line. Natural gas
available in Saturn Drive.
The following terms and conditions are made a part of the Offer to Purchase attached
11. It is agreed between Buyer and Seller:
A. The provieions of paragraphs thirteen (13) and fourteen (14) of the Rules and
Remiations for the lluskeqo Industrial Park as originally adopted by the City
~.
8.
C.
BUYER: .
of-Muskego by Resolution j145-70 on July 28, 1970;and further extended tQ
cover Muskego Industrial Park Addition 11 on May 27, 1986, are incorporated
herein by reference as if Eully set Eorth herein. Said provisions provide 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’8 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.
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 cow of the full text
of the Rules and Regulations of the Muskego Industrial Park and that he has
read and fully understands same.
The warranty and representation made herein survive the closing of this
transacticn.
SELLER: CITT OP HUSWGO
Date: Date :
Da tt : 7 -/I- 36 .. By:
Charlotte L. Stewart, City Clerk
Date:
ASBtdls
036162086
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