MINUTES
REAL ESTATE SUBCOMMITTEE OF
THE
REDEVELOPMENT AUTHORITY OF
THE CITY OF GREEN BAY
City Hall, Room 604
MEMBERS PRESENT: Matt Schueller, Tom Weber
MEMBERS EXCUSED: Dan Dallich
OTHERS PRESENT: Cheryl Renier-Wigg, Andy Rosendahl, Kail Decker, Darlene and Butch Berns
ORDER OF BUSINESS:
1. Review and action on purchase of 1422 Day Street and 1008 Smith Street using Neighborhood Enhancement Funds.
C. Renier-Wigg explained that these requests were made by Ald. Piton. The property locations were reviewed. The property at 1008 Smith Street is a foreclosure property and the bank is willing to sell for $25,000. It is a two-family with no basement. We would purchase it and take it down. It is a buildable lot, but we would like to approach the neighbor to see if they are interested in purchasing it.
T. Weber asked if we want to create a neighborhood with a mix of big lots and small lots. C. Renier-Wigg explained that in this case it might be beneficial to the neighboring property owner because of the reconstruction and widening of Webster Avenue, but she would not do anything until we know the final plans for the street design on Webster.
T. Weber expressed concerns about selling the parcel to the neighboring property owner. C. Renier-Wigg indicated that if the parcel is sold to the neighbor, it would be under the condition that they could not build on it. We would want to keep it green space.
The property at 1422 Day Street was offered as a donation from M&I Bank to NeighborWorks® Green Bay, but they do not want the property. They are willing to sell to the City for the land value of $11,500. The property encroaches to the lot line. The house would be taken down and the parcel could either be split between the two neighboring property owners, kept as green space, or held for new development.
C. Renier-Wigg explained that to be condemnable the property needs to be unsafe for human habitation. These properties are just marginal and will stay that way unless someone puts a lot of money into it. In this case it is on the lot line so it would be best to take it down.
T. Weber questioned the amount of $25,000 for 1008 Smith Street. C. Renier-Wigg stated she started with a lower offer and this was the highest she would go and the lowest the bank would go.
A motion was made by T. Weber and seconded by M. Schueller to approve Resolution No. 613 authorizing acquisition of 1422 Day Street and 1008 Smith Street as discussed using Neighborhood Enhancement funds. Motion carried.
2. Review and action on purchase of 1356 E. Walnut Street using E. Walnut Street Neighborhood Initiative Grant.
C. Renier-Wigg reviewed the East Walnut Street project area. The property is not part of the lots being assembled, but we’ve been fortunate in acquiring a number of the properties below the estimated value, so there are funds available. It would be beneficial to clear this parcel while we have the opportunity to get rid of it. There are two houses on one parcel. We are offering $25,000 for the two houses.
A motion was made by T. Weber and seconded by M. Schueller to approve Resolution No. 614 authorizing acquisition of 1356 E. Walnut Street using E. Walnut Street Neighborhood Initiative Grant funds. Motion carried.
3. Review and action on disposition of 413-415 Cass Street and 311 Lawe Street.
The Authority may convene in closed session pursuant to
Section 19.85(1)(e), Wis. Stats., for purposes of
deliberating or negotiating the sale of public properties, investing of public
funds as necessary for competitive or bargaining reasons. The Authority may thereafter reconvene in
open session pursuant to Section 19.85(2), Wis. Stats., to report the results
of the closed session and consider the balance of the agenda.
A. Rosendahl stated these are properties we acquired with Neighborhood Enhancement funds and have made available for redevelopment through a request for proposals process. We received one proposal on each property. The developers are present to answer any questions on their proposal.
The purchase price offer for 413-415 Cass Street is $10,000 with $105,000 in investment. It is essentially a gut rehab, but the stucco exterior will remain the same with the addition of nickel backing, porches, updated electrical, and redoing the kitchen in both units. Floor plans show the addition of a half bath to the rear of the kitchen on the lower units of both. The intention is to start work as soon as possible with completion within five months and placing the unit for sale as an owner-occupied. It would remain a two-family unit unless it makes sense to sell as two condominiums. The lots were combined and the proposal calls for a new garage. If approved, we would execute a development agreement setting the parameters for completion.
311 Lawe Street was purchased approximately five months ago. The proposal is to acquire the property at $50 with approximately $20,000 direct investment with the construction being done mostly by the potential purchaser who would also own and occupy the unit. He will be doing much of the construction work with the exception of electrical and concrete. The project is broken into two phases. Phase one includes the siding, roofing, garage door, and electrical update. Phase two includes paving and interior remodel, including the porches. The proposal indicates four inch vinyl siding, light gray in color with dark blue asphalt shingles. The footprint of the house will not be touched due to potential disturbance of historical burial sites in the area. Also, variances would be necessary if anything was moved around on the lot. The potential purchaser would like to make the exterior improvements within two months, getting started as soon as possible, and then reside in the home while doing the interior rehab.
The closed session notice was read. A motion was made by T. Weber and seconded by M. Schueller to convene in closed session. Motion carried.
A motion was made by T. Weber and seconded by M. Schueller to return to open session. Motion carried.
A motion was made by M. Schueller and seconded by T. Weber to authorize staff to proceed with the proposed sale of 413-415 Cass Street and to execute a development agreement with the developers and to authorize staff to continue negotiations on 311 Lawe Street under the parameters as described in closed session. Motion carried.
There being no further business, the meeting adjourned at 1:45 p.m.