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RDA approves sale of former 421 E. Lincoln Ave. parcel to private buyers
Summary
The RDA adopted Resolution 25-09 approving an offer to purchase the parcel formerly known as 421 East Lincoln Ave (buyers referenced as Lucas and Carrie); staff said the buyers will remove diseased trees and grind stumps and that some requested improvements exceed RDA authority.
The Oshkosh Redevelopment Authority voted to approve Resolution 25-09, authorizing the sale of the parcel formerly identified as 421 East Lincoln Ave to local buyers referenced in the meeting as Lucas and Carrie.
Staff explained the matter had been discussed at a prior RDA meeting and that earlier paperwork contained a clerical error reflecting a $4,001 figure because closing costs were included incorrectly. Staff said the buyers had originally intended to purchase for $1 but that subsequent negotiations produced a new requested price of $2,000. Staff also said the buyers plan to remove diseased trees and grind stumps and that some proposed improvements fall outside the RDA’s authority.
The RDA received questions about the origin of the $4,001 error and confirmed that the error stemmed from including closing costs the RDA does not pay. After brief discussion the board moved and approved the resolution by roll-call vote.
What happens next: Close of sale and any conditions in the purchase agreement will proceed as negotiated and recorded in transactional documents.
