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CCR1991129AMENDED COMMON COUNCIL - CITY OF MUSKEG0 RESOLUTION #129-91 RESOLUTION AS TO EXCHANGE OF PROPERTY (Lee A. Delaney -- Muskego Industrial Park Addition) BE IT RESOLVED that the Common Council of the City of Muskego, upon the recommendation of the City Broker and the Finance Committee, does hereby disapprove the attached Offer to Exchange Property With Acceptance (Lee A. Delaney -- Muskego Industrial Park Addition). BE IT FURTHER RESOLVED that the Mayor and Clerk after consultation with the broker and City Attorney are authorized to enter an exchange agreement acceptable to the Mayor, which shall which may be exercised for one year after close and the property include an option on an additional two acres at $10,000 per acre shall be kept off the market that year, with the price to may be on the market with 30 days to exercise option in the increase at 8% at the start of each of the next two years, but event an offer is received. Be it further resolved that the exchange agreement shall be similar to the one attached but Offer-to-Purchase concerning such matters as RCA, WCA, etc., and shall include similar language to that used in the original warranties and representations as to each of the properties. shall include the most up-to-date Offer-to-Purchase with BE IT FURTHER RESOLVED that the City Engineer is hereby directed to prepare the required Certified Survey Map upon execution of the attached documents. DATED THIS 14TH DAY OF MAY , 1991. FINANCE COMMITTEE Ald. Daniel J. Hilt Ald. Edwin P. Dumke ATTEST : City Clerk 5/91cac Ald. Harold L. Sanders e '0 COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #129-91 RESOLUTION AS TO EXCHANGE OF PROPERTY (Lee A. Delaney -- Muskego In BE IT RESOLVED that the Common Counc upon the recommendation of the City Committee, does hereby Offer to Exchange Property With Acce approve/disapprove Muskego Industrial Park Addition). BE IT FURTHER RESOLVED that the Mayo to sign the necessary documents. BE IT FURTHER RESOLVED that the Cit to prepare the required Certified S the attached documents. DATED THIS DAY OF FINANCE COMMITTEE / Ald. Daniel J. Hilt / Ald. Edwin P. Dumke / Ald. Harold L. Sanders ATTEST : OFFER TO EKCIIANOE PROPERTY WITH ACCEPTANCE 7 AS10ALLPARCE~~OFRBAI.PROPP.RTVAII~~CTEDBYl111SAUH~EMENT.THEFOLI.OWINUT~RMSSIIAI.LA~l'LV 8 UNLESS SPECIPICALLY PROVIDED TO THE CONTRARY IlPREIN. !9 AS TO ALL UUSINESS OPPORTUNITIES Dl1 UNLE3S SPECIFICALLY PROVlDeD 10 TERMS SHALL AYP1.V ..... ................ THIS AOREWENT IS SUBJECT TO AND/OR CONTlNOENT UPON THE TERMS AND CONDITIONS (STATED BELOW) fATTACIiED AS EXIIlBlT A) iavlke me) See attached rider the Lema nnd conditionp. of which aro made a p.are of thin Offer ............................................................................................................. ................................................. to Ex=hwa if fully incorl’orated b.?F?.4P: ..................................................... 152 ..................................... .............................................. . . , , . , . , , . . , ... RIDER TO OFFER TO EXCHANGE BETWEEN LEE A. DELANKY AND 04 CITY OF MUSKEG0 DATED MAY 14, 1991 The following terms and conditions are made a part of the Offer to Exchange attached a8 if fully incorporated therein. A. This Offer to Exchange is contingent on the folloving: culverts with 30 foot width, concrete liner's in the bottom of che 1. City of Muskego, at it's expense, to provide: three (3) driveway drainage ditches on both, the east and south sides of their property at a time agreed upon by both parties. 2. ThFa Offer is contingent upon Lee A. Delaney, at his expense, completing a sub-soil acalysis showing that the soil conditions of the City'a parcel are sufficient and suitable to permit the construction and ereceion thereupon of the improvornencs contemplated by Lee A. Delaney, and that there are no environmeneal contaminates The results of such Znalycis being acceptable to Lee A. Delaney ac his sole and absolute diacretion. ThFs Contingency shall automatically expire at the end of 21 days from the date of acceptance of this Offer unless Leo A, Delaney notifies City of Muskego, in writing. within the 21 day period of his election to uae this contingency to nullify this Offer 3. City of Muskego ehall provide Lee A. Delaney a Certified Survey map showing their property as a separate parcel prior to closing. 4. This Offer is subject to Lee A. Delaney obtaining all necessary permits to occupy Subject property for his intended use of manufacturing. B. Special Improvernenta: 1. The City of Muskego's property includee the following improvements: Sanitary sewer and 2" water laterals are .at lot line and fully paid and available For use by Lee A. Deleney. Lee A. Delaney will connect to Sewer and water at his expense. Electric and telephone adjacent drive. eervics is available along lot line. Natural gas 16 available in 85/14/91 lSlJ0 8 414 797 89A0 MOONEY LsSLlGE 2. If said streets are not permanently surfaced at the time of the completion of this transaccion, said streets when permanently improved shall be at the expense of the City and no special assessments with rwpect to the perlaanent improvements of the streets shall be arisessed against the property herein describod, and Lee A. Delaney, his: heirs and assigns, shall have no further obligation with rosipect hereto 3. It is agreed betwetm Lee A. Delaney and City of Muskego: A. The provisiono of paragraphs thirteen (13) and fourteen (14) of the Rules and Regulations for the Muskego Industrial Park as originally adopted by thc City of Muskego by Resolution n145-70 on July 28, Addition #l on May 27, 1986. are incorporated herein by reference 1970. and further extended to cover Muskego Industrial Park as if fully aelt forth herein. Said provisions provided in effect that in tho event the Lee A. Delaney should desire to resell a which are not being used in connection with Lee A. Delaney's portion of the: premises which are the subject of this Contract and 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 wich the land and shall be binding upon the succ:essors and assigns of the parties hereto and may ba included in the deed which City of Muskego delivers to Lee A. Delaney in completion of this transaction. Lee A. Delaney acknowledges that he has Industrial Park and that: he has read and fully understands same. "eceived a copy of the full text of the Rules and Regulations of the Muskego C. The warrancy and reprashntation made herein survive the closing of this transaction. Lee A. Delaney: By ; Date : LCQ A. Delaney CITY OF WSKECO By : Date: Wayne G. Salentine, Mayor Countersigned: By ! Jean K. Harenda, City Clerk Date; a a e "I INSTRUMENT WAS DRAFTED BY FRANK RUEKERT. JR. PACE 1 OF 3 I