CCR19911800
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #180-91
RESOLUTION AS TO OFFER TO PURCHASE
(Industrial Park Addn. -- Wesco)
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
(Industrial Park Addn. -- Wesco Machine Products) for a 2+ acre
parcel in the City's Industrial Park (Exhibit A) in exchange, as
part of the purchase price of $28,000 per acre, a 1.4686 acre
parcel located in the City's Industrial Park (Exhibit B).
BE IT FURTHER 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 15TH DAY OF JULY , 1991.
SPONSORED BY:
FINANCE COMMITTEE
Ald. Daniel J. Hilt
Ald. Edwin P. Dumke
Ald. Harold L. Sanders
This is to certify that this is a true and accurate copy of
Resolution #180-91 which was adopted by the Common Council of
the City of Muskego.
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RIDER TO OFFER TO PURCHASE
Tho following terms and conditions are made a part of the Offer to Purchase
attached as if fully incorporated thereln and dated July 8. 1991 by and between
the CiLy of Muskego, as Sellsr, and Wesco Machine Products, Inc or Assfgns. as
Buyer.
I. Special Improvements:
A. The purchase prim includes the following improvements:
Sanitary sewer and 2" water laterals are at lot lina and fully
paid and avai1abl.e for use by Buyer. Buyer will connect to sewer
and Water at Buyer's expanse. Electric and telephone service is
available along 1.0c line. Natural gas is available in adjecent
Drive.
B. If said streets are not permanently surfaced at the rime of the
completlon of this transaction, said streets when permanently
improved shall be at the expense of the City and no speclal
assessments with respect to the permanent improvements of the
streets shall be assessed against the property herein described,
end the Buyer, hi.s heirs and assigns, shall have no further
obllgatlon with respoct hereto.
11. It FY agreed betwaan Bcyer and Seller:
A. The provisions of paragraphs thirteen (13) and fourteen (14) of
the Rules and Reptlationa for the Muskego Industrial Park tla
originally adopted by the City of Muskego by Resoluclon a145-70 on
July 28, 1970, ar.d further extended to cover Muskego Industrial
Park Addicion #1 on May 27, 1986, are incorporated heroin by
reference a6 if fully set forth herein. Said provisions
provided in effect chat in the event the Buyer should desire to
resell a portion of the premises which are the subject of this
Conrract and which aro not being used fn connection with Buynr's
business, that IN musL first offer the 6ame to the City for
repurchase. Tho City shall then have ninety (90) days to &ct upon
nnid offer.
B. Thcsc provisions shall constitute covenants running with the 1a1d
and shall bo binling upon the successors and assigns of ?he
partiee hereto and may be included in the deed which Saller
delivers to Buyer in completion of this transaction. Buyer
acknowledger chat he has received a copy of the full coxt 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 che closing of
this transaction
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Ill. hnt.ingencias
A. This ufler is subject to Buyer receiving by August 10. 1991
a writtan commitment for financing Prom the State Bank of ltAle9
Corners for an alnount nut tD exceed the purchare price of the parcel
at an interest rate not to exceed prime rate plus one percent.
E. This offer is concingenc upon Buyer, 6t Buyer's expense, completing
a Yub-roil analysis shoving that the sail conditions oE the subject
real cstate are sufficlent and suitable to permit the conseruction
and erection thereupon of the improvements conternplaced by Buyer
wich the results of such analysis being acccptablc to Buyer at
Buyer'e sole and absolute discretion, This contingency shall
unless Buyer notifies Seller in writing within the 30 day period of
automatically expire within 30 days of the acceptance of this Offer
Buyer's election co use this conclngency to nullify this Offer.
C. This offcr is contingent upon Seller accepcing, in exchange, as part
of the purchase price a 1 4686 Acre parcel located in the Muskego
Industrial park (as deseribdd by cerclfied survey map attached a8
Exhibic B) at the same price per acre as che subject property.
IV Price Er Cnnts.
Price Is Twenty-elght thousand dollars per acre. Final prica to be
detarlnFned by actual acres on certified survey map of subjaet
property rnulclplled by the price per acre. Buyor will pay encfre
1991 red estate tax, trsnsfer tax. and title insurance costs on
propercy being exchanged. Soller will pay for certified survey map,
title inrurence cusc and other related closing oxpenses on subject
BUYER: WESCO MACHINE PRODUCTS, ISC. SELLER: wry OF MUSKEGO
OR ASSIGNS
By :
Jenn K Mnrenda. City Clerk
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CERTIFIED SURVEY MAP NO -
ALL MAT PART OF ME NE 1 4 OF THE SE 1/4 OF SECTION 17, TOW B
NORM. RANGE 20 EAST. CI n/ OF MUSKECO. WAUKESHA CWNTY. WSCONSIN
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UNPLATTED LANDS
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E /I546 MIS INSTRUMENT WAS DRAFTED BY FRANK RUEKERT, JR. PAOE 1 OF 3