EDA Resolution 19-01SHOREWOOD ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 19 -01
RESOLUTION APPROVING PURCHASE AGREEMENT FOR THE PROPERTY LOCATED
AT 5965 GRANT STREET
WHEREAS, the City of Shorewood has been looking at storm water alternatives for the Grant Street /Park
Street area in the city; and,
WHEREAS, those options were presented to the Shorewood City Council on September 24, 2018; and,
WHEREAS, the City Council directed city staff to research the alternatives; and
WHEREAS, City staff identified a parcel that meets the rate and control demands for storm water from
this area, and has negotiated a conditional purchase agreement for the parcel,
NOW THEREFORE BE IT RESOLVED by the Shorewood Economic Development Authority:
1. Finds that this purchase is in the best interests of the economic development authority and the
city.
2. Approves the purchase of the property located at 5965 Grant Street, pursuant to the terms of
the agreement hereby attached to this Resolution.
3. Authorizes Scott Zerby, and Greg Lerud, President and Executive Director, respectively, of the
Shorewood Economic Development Authority, to sign any documents and undertake those
steps necessary to complete the purchase of the property.
Adopted this 28th day of May, 2019.
Scott rby,,,E,6A Presi