THE UNIVERSITY OF WISCONSIN SYSTEM

Document Sample
THE UNIVERSITY OF WISCONSIN SYSTEM Powered By Docstoc
					                         THE UNIVERSITY OF WISCONSIN SYSTEM

                                           Request for
                               State Building Commission Action
                                          March 2006
                                            Project 06B4C


1.     Institution: The University of Wisconsin–Stevens Point

2.     Request: Requests authority to sell the former American Suzuki Center house and land
       (approximately 0.276 acre) located at 2101 Main Street, Stevens Point, at a price not less
       than the average of two appraisals.

3.     Description: The campus will sell the vacant house, garage, and land located at 2101 Main
       Street, Stevens Point, at a price not less than the average of two appraisals. The sale will be
       conducted by the campus to interested parties and if not successful, then by listing the
       property with a local real estate agent. Two independent property appraisals have been
       completed to establish an estimated fair market value.

4.     Justification: The 4,654 GSF two story house and land at 2101 Main Street was purchased
       by Central State College in 1952 for $20,000 GFSB. The house was approximately 82
       years old at the time. It was used many years as a home economics lab. In 1979 the
       building was occupied by the American Suzuki Institute continuously for 26 years until it
       was vacated upon completion of the Noel Fine Arts Center remodeling and addition in
       2005. The 136-year-old house contains all the limitations expected when using an aging
       former residence for an academic program or office. Limitations include inappropriate
       floor plans, no handicapped accessibility, and poor lighting, restroom layouts, acoustics,
       electrical, plumbing, heating, venting, and air-conditioning. Continued use would involve
       significant capital investment. The 1999-91 Biennial Budget Request for the Fine Arts
       Center remodeling and addition stated that the American Suzuki house would be sold
       following the move of the American Suzuki Institute to the Fine Arts Center. The campus
       Space Use Plan did not support another programmatic use for the building. The property is
       outside the current Campus Boundary. The parcel continues to be zoned R-3 Single and Two
       Family Residential by the city of Stevens Point unlike most other university owned parcels
       which are zoned U-1, University Facilities District. The sale will modestly affect the campus
       grounds department which stores graduation staging in the 361 GSF garage.

5.     Budget: Sale proceeds will be applied to partially meet campus budget reductions. Costs
       for property appraisals, inspection services, title insurance, closing costs, sale preparations,
       and real estate commissions, if applicable, will be deducted from the sale price.

6.     Previous Action: None.



     0306SuzukiSaleSBC.doc

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:0
posted:10/1/2012
language:English
pages:1