CCR19930280 COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #28-93
APPROVAL OF OFFER TO PURCHASE
(Nicholas Voden - Industrial Park Addn.)
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 in
the amount of $28,00O/acre for a 5 plus acre parcel in the
City's Industrial Park on Enterprise Drive, contingent upon
review and approval of the City Attorney.
BE IT FURTHER RESOLVED that the Mayor and Clerk are authorized
to sign the necessary documents in the name of the City.
DATED THIS 9TH DAY OF FEBRUARY , 1993.
SPONSORED BY:
FINANCE COMMITTEE
Ald. Patrick A. Patterson
Ald. Edwin P. Dumke
Ald. David J. Sanders
This is to certify that this is a true and accurate copy of
City of Muskego.
Resolution #28-93 which was adopted by the Common Council of the
a 2/92 jmb
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11146.87 (optional uue date)' 3.1 80 lmand'story use dthte) I .... C"...,,. "L**l Y..llln C"., .,a1 Milwaukee,.Wia
WB-13 VACANT LAND OFFERTO PURCHASE
1 ..... .KFlvaukae., .................. , ,Wisconsin, . J?F!"?rY. 2.5.. , .. , .. , ........ , .... , , . . , .... ,19, c
2 THE BROKER DRAFT1 qG THIS OFFER IS THE AGENT OF (SELLER) @-H%i+) (Strike as applicable).
3 IF ACCEPTED, THIS IFFER CAN C:REATE A LEGALLY ENFORCEABLE CONTRACT. BOTH PARTIE~
4 SHOULD READ THIS DOCUMENT CAREFULLY AND UNDERSTAND IT BEFORE SIGNING
6 The undersigned Buyel Ni'?h??as. .'!?d,e?. .and!?: .A,???%!'?. , , , ..... , , , . , , ... , ..... , ... , .. , . ,. ...........
6 hereby offers to purchase tl e property known as (Street Address) , >A. aSTS.8, VaC,Wf. .lB,T!d. .In. ,%4?k?gq, >.?d.'-!s!.T$a.!,
7 in the ..city., , ... , .... )f . .!!-!sk?,@, , .. , .... , , . ..... , County of ......... Waukesha l.. . , , .................... ,Wisconsin,
8 more particularly described as: . .?u.!$?F!, .in. ,?ed, on, ,?!!aF!'ed, .??E, .(Ex!!b$t, 4). ...... , ... , . , ........ , ..
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at the price of .T.wentY-,e Zht. .thou?*?!, .and, n.?!!.!o. .d?11a,??, ,?e?, .AcKe:T-Y:YTR Dollars ($. 28 . , ?, hJ1Acre , . ., . , . . , , , ,)
and on the terms and condi ions ae follows:
Earnest money of $ , .!o.~o"o.~.oo,. in the form of Per????L, check,, , , . , . .. ................ "d .................... to be paid within .5 ... days of acceptanca of this offer*
E IS OFT~E ESSE~C :AS TO: .wa+w , ACCEPTANCE,LEGALPOSSESSION.
......................................................................... Failure of Buyer to make er rnest money payrvon. Earnest money, if held by broker, . , . * and the balance in cash at closing.
shall be heldm aelline brok !r's trust. account x-ior to acceptance of offer and thereafter in listing broker's trust account or until ,$ied to the urchase ric 3 at closmg or disl-by law.
OCCUPANCY, DATE OF ( LOSING AND A3 TO ALL DATES INSERTED IN THIS OFFER H"M ..................... ............ ......... 21 : .... : .............................................................................................. : 22 THE BUYER'S OBLIGATI 3N TO CONCLUDE THIS TRANSACTION IS CONDITIONED UPON THE CONSUMMATION 23 OF THE FOLLOWING:
24 (If this,offer is subject to f nancing, survey, percolation test, specific zoning or use, approval of recorded building and U6e 25 restnctlons and covenants, ~r any other contingency, it must be stated here. If none so state.) 26 See Rider attached hereto the I'erms and conditions of which are made a part of this .................................... J ........ : .................... ~... ........................................... contract as if fu1.y contained herein.
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........................ ..................................... ............................................................................ ............................ Buyer agrees that unless ot lerwise specified, Buyer will, in good faith,,pay all caste of securing any financing to the extent permitted by !aw. and will p trform all acfs nec:eseary to expedite such financing.
delivered free and c ear of el cumbrances: all fixtures; and all garden bulbs, plants, s rubs and trees. Included in the urchasc price are such of the following items as may be on the pro erty on the date ofthis offer, which willbe
ADDITIONAL ITEMS INC LJDED IN THE SALE: .. .NP!E., . ~. .......... ~. ................ P E
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ITEMS NOT INCLUDED li I THE SALE:. .$ .. - .......................... .....................................................................................................................
free and clear of a!? liens and mcumbrances, excepting: municipal and zonlng ordinances, recorded easements forpubllcptdltles Seller shall, u on payme It of the purchase price, convey the property by warranty deed, or other conveyance provided hpre!n,
YuM an8 iegutation 3 oP tte %uu,L,o YndustriaZ far\ r in the r pert recort ed uil In nn use r tr ctione a d ov nants, general taxes levled In the year of closing and -
60 as.ad~.ptad. b.y.the. .CL.:y. a€. Muakego.. ,. , .. ....... provided none of the foregoing prohibit resent use,
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61 and Seller shall complete and zxecute the documents necessary (0 record the conveyance. (WARNING Recorded builing and use
62 restrictions and covenants CI n have material impact on the uee of or im rovements to the property.) 63 Thin offer is binding upor both parties only ifa copy ofthe acce~p&brj5*fisi&d, postage or fees prepaid, in the US. mail
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or a commercial delivery sy item, addressed to Buyer at .. ,!+!e?,!, A??,??,. !I. .5322!. .............. or by personal
delivery of the accepted off1 r to Buyer on or b%fare . .?ebrKaTY. !?.a 1.983. ................... Otherwiee, this offel
is void and all earnest mon !yehall be prompl.ly returned to Buyer.
on or before ... %e. .Fide! ................. .I~L ...
Legal possession of pro: ,erty shall be delivered to Buyer on date of closing.
, or at euch other time and place as may be agreed in writing
It is understood the pro;.erty is now occupied by ,.'!?:a?.!. ?,?nd.. .....................................................
This transection is to b! closed at the office of Buyer's mortgagee or at the office of..c.!ty. .of. .M!-?ke.6?. .............
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Occupancy of ?,?ti.?! .F!re.?i?.e6. .......... shall be given to Buyer on . F.&'?.%%nS.. ......................... .~ -- 6fS ........... 2-h
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uz,u,,,yJ uy:py FAA .I~A iy'i 8YdU pIuu.uhL LeShGb
80 (Seller -*
81 applicable).
, , , , , , , , , .- indicates) (none) &pe+t&&of the property is located in a flood plain (Strike I
82 (Seller ". ....... 83 applicable).
,,-indicates) (none) w) of the property is located in a wetland (Strike a
Ssiier represents that he Property is zoned ,I-i hdws txial P.ark.. .........................................
Seller carrants and rt preeents to Buyer that Seller has no notice or knowledge of any: (a)planned or commer ced public improvements which may result in special assessments or otherwise materidilly affect tht
88 (b)government agency or court order requiring repair, alteration, or correction of any existing condition. 89 (c)ahoreland or specia land use regulat~~x~s,affecting the property. 90 (d)underpround ntorag 3 tanks and the ptesence of any dangerous or toxic materials or conditions affecting the property.
property.
91 EXCEPTIONS TO W. rRRANTIES ANI) REPRESENTATIONS STATED IN LINES 80 TO 90: EX.CeP.t. Lb9.t .B. , , .
92 Rl?.!eF.Ye. .%?*cifX .*F,;:?s!m.!pt .for 5anitary. Sewqr. .service:.anr!.8,WsF.~~..C~~.~.~.1F~. .4e.~es.4rne.m.. , ,. , .
93 do?*. .eF~?!..a@%!!!F. ." his. ?.TPI?eF.tY:, , .The,??. Ae!.?$P.VGt$. .N.U be. 8YY8T..'.9. ,Qbl.lg+.ftP.n. !X. P.8Y.. , , . , I
94 when. .dY!?!. .7?F%?+t " ... .........
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97 98 v%&ough the (la of cloain accrue to Seller.
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99 -- loo on the net general taxes to the preceding yet
101 CAUTION! If property has not-
102 P 103 -ments,ifan forworkonsi~cedorleviedpriortodateofthisoffershallbepaidbySeller.All 104 othernp+4 assessments 'hey{ be paid b Buyer. (Caution: Consider a special agreement if area assessments or homeowners' 105 assocmtxon assessments ar.1 contem 1ateJ.j 106 Seller ahall provide to Iiuyer at eller's expense at least three (3) busines's days before closing, Bdh%&k&
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110 ehowing tltle to t R e ropert: as of a date no more than 16 days before such title roof is provided to Buyer to be in the condition 111 called for ln this o&r, and 'urther aubject on1.y to liens which will be paid out.oPthe proceeds of the closin and standard title 112 insurance exceptions or abs ,ractcertificate limitations, as appropriate. Buyer shall notify Seller of any valilobjection to title in 113 writing by closlng. Seller ah ill have a reasonable time, but not exceeding 15 days, to remove the objection8,and closing shall be
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109 2.Aoommltmentf~~omatltleInsur~~oissuetltlelnsurancalntheamount of the urchose )rice upon recording of proper documents;
foil to agree on the disposition of earnest money, then earnest money held by
121 1. TO Buyer unless Sells r notifies Buyer and Broker in writing no later than 15 day8 after the earlier of the Buyer'e written 122 demand for return of the earneat money or the date net for closing, that Seller elects to consider the earnest money a8 123 124 2. To Seller, subject to a1 lounts payable to broker provided the above notice is given and neither party commences a lawsuit liquidated damages o partial payment for specific performance.
125 on this matter within 30 days after receipt of the notice.
126 In making the disbursement the broker shall fdlow procedures in Section RL 18.09(4), Wis. Adm. Code. 127 Dlshursement ofearnest money does not determine the le al rights of the partles in relation to this agreement. 128 129 with this agreement or prese It Department of liegulation and Licensing regulations concerning earnest mone . Both parties agree to holc the broker harmhss from 0ny liifility for good faith disbursement ofearnest money in accordance
130 Ifthepropertyisdamagedb) fireorelementsp~iortotimeofclosin~inanamount~hichexceedsfivepercento~hesellingpri~e,
132 be entitled to the insurance roceeds relating to damage to property. 131 this contract may becancelle, 1 at option of Buyer. Should Buyer elect to carry out this agreement despite such damage, Buyer shall
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134 ,PaT.f, of. this. Pff5.T. t ?. !!y~.~h@.Se. .a$, ,if, ,fu,Uy. .incPr.pvxaLed. her.eIn,, .The. Land .ia .presently..
135 0w"ed .!x ,:k..Ct!x 0.f Fuekeas .?,nd..vm-en~Ly c..w. exempt. ......................................
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138 Sellar end uyer a r e to Ict oodfaith and use diligence in completing the terms ofthisagreement.Thisagreement binds parties to this alrment and their successors in interest.
SPECIALPROVISIONS .SP% .&$,de.r. ,Gt@.dM.d h~r.e.tp.,whnse..t~,~.rea ,and. .conditions. are. .made. 8. . ... .
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141 Nicholas oden (Buyer) (Buyer)
142 Buyer's Social Security No. , 2 f '?,?. .?<?.? &??.g., Buyer's Social Security No. ..............................
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14eHIS 'OFFER IS HER.:BY ACCEPTED, THE WARRANTIES AND REPRESENTATIONS MADE 14 EREIN SURVIVE THE CLOSING OF THIS TRANSACTION, THE UNDERSIGNED HER.EBY AGREES 145 TO SELL AND CONVEl THE ABOVE.MENTIONED PROPERTY ON THE TERMS AND CONDITIONS 146 AS SET FORTH ANT ACKNOWLI2DGES RECEIPT OF A COPY OF THIS AGREEMENT. City of Muekego \!: Dated:' ............ ...... ,l9. , . Jly.:, ............................................ Wayne G. Salentine, Mayor (Seller)
.49 Offer is relected (Seller initial. ............ ..... Seller's Social Security No. .......................
50 Offer is countered (Seller initis J ...................................... 51 By:. Jean K. Marende, City Clerk [Seller)
52 Seller's Social Security No. ............................ Pursuant to Resolution # passed by
the Muskego Common Council on 53 This offer was drafted by (. kensee and firm) ............................... ~. ~. ........ .-. .....
54 It wa9 presented to Seller by ....... .. ,,. . ....... on 19.. at. : .m. .. ........ ... ... .....
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i6 Broker acknowledges receii t of initial earnest money as per line 13 of the ahove oSSer
E.\RNEST MONEY RECEIPT
.... ................................ Broker
(By ... .... ........... I
. ............ 19.. ..
02/U4/Y3 IJy:52 i-AA 414 7Y.i 8YJU
RIDER. TO OFFER TO PURCHASE
The following terms and condititm are made a part of the Offer to Purchase rittached as if fully
incorporated therein an 1 dated January 25, 1993 by and between the City of Muskwo, as Seller, and
Nicholas Voden and/or Assigns, as Buyer.
1. Contingencies:
A.
B,
C.
D.
E.
G.
H.
-Audit/Soll QsndItions, Promptly after acceptance of .this Offer, Seller
shall provlde to Buyer al.1 such information as Seller may possess rega'rding uses of the
Property 1 y Seller and it!; predecessors in title, the sources and nature of any land fill or
other mat,.:rials which at :my time have been placed upon the Property, and the results of
any soil b! )ring tesh or environmental investlgation conducted by or fqr Seller.
Buyer, at is sole expense,, may conduct an on-site e~~vironmental/soil co@.dition inspection
and tests I In the Property as Buyer deems appropriate, the results of sum inspections and
tests to bc acceptable to Buyer, tit Buyer's sole and nbsolute discretion, If Buyer notifies
Seller in writing of Buyer's determinkition that said results are unacceptable to Buyer or
of the exis :ence of envirtmmental violations, hazards, unsuitable soils for;Buyer's intended
dcvelopm.:nt or similar tonditions on the Property, Buyer at its option by such written
notice mtr i terminate the contract arising from acceptance of this Off&.
pu.yor, at lt.0 0010 expenee, ehdl conduct ruth nib innpectlons as it deem0 appropriate with .it8 builder, In the
event any Bite development co~to lncluding propoaed landemping, bringing power and/or other utilltias to the
buyerla anticipatccd expenses for those itsme, then buyer may, aite, or any othe:r thing of like kind or desczlgtion exceed
at ita option, hy written notice terminate the contract arlring from exception6 of thie Offer.
"AoorovalE This offer is contingent upon Buyer, at Buyerk expense,
obtaining :lecessary writtlm approvals Including, but not limited to approval for projected
facility frcm the State of Wisconsin and the City .of Muskego.
SJRYEY Seller, at Seller's expense, prior to closing, to provide Certified Survey Map
showing SI ibject property as a separate parcel and indicating all easemnts.
CULVERE Seller, at Seller's expense, to provide up to three (3) oulverts providing
access to ! ubject property from Enterprise Drive within 30 days follodng closing.
CONSTR'JCTION TIMING Seller agrees to extend the time for commencement of
Buyer's ccnstruction of proposed manufacturing facility from 12 months to 18 months
from date sf closing. Acceptance of this Offer acknowledges Seller's agleement with this
contingenc y. This agreement survives the closing.
mING Buyer must waive or satisfy, in writing, Contingencies A,B and H within sixty
(60) days rom acceptanw or this Offer is null md void and all earnerit money shall be
returned f mhwith.
-SING C!osing shall be within 30 days of waiver or sa!isfactIon of Buyer
contingent.ies but in any event no later than May 15, 1993.
-49 Thfs Of fer shall be contlngent upon. the Buyer obtbFnil,rg firat mo1:tgage financing on the acpuieition and antiaipated hnprovc~rnente of the parcel for eighty percent (80%) 01, the purchme price, which financing shall be for a term of not lee6 than twenty (20) years at a fixed intereel. rate of not more than nine percent (9 b) and with pointe, loan origination fees, or other fee8 due to lender, however detnominated, not to exceed one percent
(18) of the borrowed amount.
A. The purch; se price includes the following improvements: Sanitary sewer and 2' wafer
laterals are at lot line and fully paid and available for use by Buyer. Rbyer will connect
to sewer ar d water at Buyer's expense. Electric and telephone service IS available along
lot line. N.mral gas is available in ndjacent Drive.
B. If said strt ets are not permanently surfaced at the time of the completion of this
transaction said streets willen permanently improved shall be at the expeme of the City
and no special assessmenu with respect to the permanent improvements of the streets
shall be asiessed against the property herein described, and the Buyer, his heirs and
assigns, shall have no further obligation with respect hereto.
I 111. It is agreed betwem Buyer and Seller:
A. l'he provisi Ins ofparagraphs thirtecn (13) and fourteen (14) of the Rule$ and Regulations
for the Mu ,keg0 Industrid Park as originally adopted by the City of Muskego Industrial
Park as originally adopted by the City of Muskego by Resolution #I4570 on July 28,
1970, and lurther extended to cover Muskego Industrial Park Addition #I 011 May 27,
1986, are iricorporated herein by reference as if fully set forth herein, Said provlsions
provided ir effect that in the event the Buyer should desire to resell a portion of the
premises H hich are the subject of this Contract and which me not being used in
connection with Buyer's business, that he must first offer the same to the City for
repurchase. The City shall then have ninety (90) days to act upon wid offer.
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B. These prov sions shall collstitute covenants running wi1.h the land and shall be binding
upon the SI ccessors and assigns of the parties hereto and may be inclbded in the deed
which Selle . delivers tu Buyer in completion of this transaction. Buyer ;icknnwledges that
he has rectived a copy 01' the full text of the Rules and Regulatior~~ of the hluskego
Industrial f'ark and that h's has read and fully understands same.
I C. The warrar ty and representation nlnde herein survive the closing of tliis transaction.
SELLER: CITY OF MUSKEGO
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I By:
Date:
1 Countersigned:
By: -_""-
Date: "-
e
' .e
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