86-052
.
RESOLUTION NO.
5;) -if&,
RESOLUTION TO APPROVE THE ACQUISITION
OF CERTAIN REAL PROPERTY WITHIN THE
CITY OF SHOREWOOD
WHEREAS, the following described real property located
within the City of Shorewood adjacent to property presently
owned by the City has been offered for sale to the City:
Lot 11, Block 2, Echo Hills 2nd Addition;
and
WHEREAS, said offer involves a contract for deed under
which contract the seller's remedy as to the City is confined to
the recovery of the property in case of non-payment of all or
part of the purchase price, which shall be payable over a period
not to exceed five (5) years; and
WHEREAS, the contract price of the property to be
purchased by contract for deed does not exceed one (1%) percent
of the assessed valuation of the City; and
WHEREAS, in the judgment of the City Council the
proposed acquisition of said real property has no relationship
. to the Shorewood comprehensive municipal plan; and
WHEREAS, the City Council has determined that it is in
the public interest that said real property be acquired by the
City for governmental purposes.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Shorewood as follows:
1. That the above-described real property be acquired
by the City of Shorewood for governmental purposes.
2. That the City enter into an agreement for the
purchase of said real property pursuant to the terms and
conditions of the purchase agreement attached hereto and made a
part hereof.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this
day of , 1986.
Mayor
ATTEST:
.