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File #: 08-1819    Version: A Name: Exchange property between the City and Adams Outdoor Advertising.
Type: Communication Status: Passed
File created: 2/29/2008 In control: Public Works and Services Committee
On agenda: Final action: 6/3/2008
Title: Subject: Request to exchange property between the City and Adams Outdoor Advertising. (Res.08-0839) Recommendation: That the Mayor and City Clerk be authorized and directed to enter into such agreements, deeds, leases, or easements with Adams Outdoor Advertising as needed to complete the exchange of properties as listed below: Properties that Adams Outdoor Advertising will transfer to the City of Racine: 1. 920-24 S. Memorial Drive (Parcel #3414000) 2. 1143 Douglas Avenue (Parcel #1988000) 3. 1601 Racine Street (Parcel #9088000) 4. 1700-16 Racine Street (Parcel #17214000) Adams Outdoor Advertising will receive easements to erect and maintain off-premise signage (a.k.a. billboards) on these city-owned properties: A. 1600 Racine Street (Parcel #9088000) B. 1700-16 Racine Street (Parcel #17214000) C. 1301 W. Sixth Street (Parcel #16857000) - update existing lease D. 1728 N. Memorial Drive (Parcel #18493000) Fiscal Note: Not applicable.
Attachments: 1. L.Exchange Property.pdf, 2. Property Transfers List.pdf
Related files: Res.08-0839
Title
Subject:  Request to exchange property between the City and Adams Outdoor Advertising.  (Res.08-0839)
 
Recommendation: That the Mayor and City Clerk be authorized and directed to enter into such agreements, deeds, leases, or easements with Adams Outdoor Advertising as needed to complete the exchange of properties as listed below:
 
Properties that Adams Outdoor Advertising will transfer to the City of Racine:
1. 920-24 S. Memorial Drive (Parcel #3414000)
2. 1143 Douglas Avenue (Parcel #1988000)
3. 1601 Racine Street (Parcel #9088000)
4. 1700-16 Racine Street (Parcel #17214000)
 
Adams Outdoor Advertising will receive easements to erect and maintain off-premise signage (a.k.a. billboards) on these city-owned properties:
A. 1600 Racine Street (Parcel #9088000)
B. 1700-16 Racine Street (Parcel #17214000)
C. 1301 W. Sixth Street (Parcel #16857000) - update existing lease
D. 1728 N. Memorial Drive (Parcel #18493000)
 
Fiscal Note: Not applicable.