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CCR2005021. . . COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #021-2005 RESOLUTION TO OFFER JANESVILLE ROAD PROPERTY TO THE COMMUNITY DEVELOPMENT AUTHORITY WHEREAS, A Recommendation was made to the Common Council at the January 13, 2005 Committee of the Whole meeting to offer a property, currently known as Tax Key Number 2198.991, to the Community Development Authority for development purposes; and WHEREAS, The Community Development Authority will have development rights to the developable portion of the parcel, ultimately resulting in the sale of the property; and WHEREAS, The sale of the property will be under the final authorization of the Common Council; and WHEREAS, The Community Development Authority, as part of the given development rights, will assure the appropriate development of the parcel consistent with the adopted Redevelopment District #2 Plan. NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of Muskego, upon the recommendation of the Community Development Authority and the Committee of the Whole, does hereby offer the developable portion of a parcel of land, known as Tax Key Number 2198.991, to the Community Development Authority for future development purposes. BE IT FURTHER RESOLVED That the Common Council will have final approval authority of any resale of said property. BE IT FURTHER RESOLVED That the Community Development Authority will retain the proceeds resulting from sale of the property in a separate CDA account for future development, grant matching, or bonding authority purposes. DATED THIS 25th DAY OF JANUARY ,2005 SPONSORED BY: COMMITTEE OF THE WHOLE This is to certify that this is a true and accurate copy of Resolution #021-2005 which was adopted by the Common Council of the City of Muskego. 1/2005jm