Purchase of Property - 500 E 22nd StreetTO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Purchase of Property at 500 E. 22nd Street
DATE: September 8, 2008
Housing and Community Development Department Director David Harris recommends
City Council approval to purchase a residential dwelling for $110,000 located at 500 E.
22nd Street owned by Michael S. and Angela A. Friederick. This purchase is part of the
acquisition program associated with the Bee Branch Creek Restoration Project.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
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Michael C. Van Milligen
MCVM/jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Harris, Housing and Community Development Department Director
TO: Michael Val illigen, City Manager
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FROII~: David Harris, Housing and Community Development
SUBJECT: Purchase of Property at 500E 22nd Street
DATE: 25 August 2008
Introduction
The purpose of this memorandum is to request the City Council's approval to purchase
a residential rental dwelling located at 500E 22nd Street, as part of the acquisition
program associated with the Bee Branch Creek Restoration Project.
Bac6cground
The 2001 HDR "Drainage Basin Master Plan" identified approximately 70 homes to be
purchased as part of the Bee Branch Creek Restoration Project. To date the City
Council has approved a preliminary right of way design and the properties that will be
impacted have been identified.
The Fiscal Year 2007 CIP budget has allocated $2,615,668 for acquisitions.
Discussion
The forty ninth home located in the Bee Branch Realignment and scheduled for
purchase is owned by Michael S. and Angela A. Friederick. An independent appraisal
has established market value at $110,000. Michael S. and Angela A. Friederick have
accepted an offer for purchase in this amount by signing the purchase agreement
offered by the Housing Department.
Action Step
The action requested of the City Council is to approve the attached resolution,
authorizing purchase of property located at 500E 22nd Street in the City of Dubuque,
Iowa.
RESOLUTION NO. 316 ~Og
A RESOLUTION APPROVING TH ACQUISITION OF REAL ESTATE LOCATED AT
500E 22ND STREET, IN THE CITY OF DUBUQUE
WHEREAS, the City of Dubuque intends to acquire certain properties located in
the area of the Bee Branch Creek Restoration Project for stormwater mitigation
activities as recommended in the 2001 HDR "Drainage Basin Master Plan;" and
WHEREAS, a purchase agreement has been finalized with the owner of the forty
ninth property scheduled for acquisition.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the City of Dubuque hereby approves the acquisition of the
following legally described property:
Southerly 61 feet of the Westerly Half of Lot 1 in L. Kniest's Subdivision of part of
Mineral Lot 314, in the City of Dubuque, Iowa, except so much thereof as was
condemned for Railroad Right of Way, Book 51 TL-107. This tract fronts 61 feet
on East Twenty-Second Street, and 86 feet on Kniest St., except the triangular
piece off the Southwesterly corner thereof taken for said Railroad right-of-way.
At the cost of One Hundred Ten Thousand dollars ($110,000).
Section 2. That the City of Dubuque be and is hereby authorized to accept a
Quit Claim deed from the owner, conveying the owner's interest to the City of Dubuque,
Iowa for the herein described real estate.
Section 3. That the City Clerk be and she is hereby authorized and directed to
cause said Quit Claim Deed to be recorded in the office of the Dubuque County
Recorder, together with certified copy of the Resolution.
Section 4. That the City Clerk be and she is hereby directed to forward a copy
of this Resolution to the Dubuque County Assessor and the Dubuque County Auditor.
Passed, approved and adopted this 15t" day of September, 2008.
<~
Kevin J. L'~nch, Mayor Pro-Tem
Attest:
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eanne Schneider, CMG, City Clerk