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Purchase of Property - 2345 Elm StreetTHE CITY OF DUBUQUE Masterpiece on the Mississippi Dubuque All-American City 2007 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Purchase of Property at 2345 Elm Street DATE: September 30, 2008 Housing and Community Development Department Director David Harris recommends City Council approval to purchase a residential dwelling for $65,000 located at 2345 Elm Street owned by Lois J. Ploessl. 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. Michael C. Van Mill gen MCVM/jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager David Harris, Housing and Community Development Department Director THE CITY OF DUBUQUE Masterpiece on the Mississippi Dubuque All-American City 2007 TO: Michael Milligen, City Manager FROM: David Harriss Housin and Communit Develo ment SUBJECT: Purchase of Property at 2345 Elm Street DATE: 24 September 2008 Introduction The purpose of this memorandum is to request the City Council's approval to purchase a residential dwelling located at 2345 Elm Street, as part of the acquisition program associated with the Bee Branch Creek Restoration Project. Background 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 fifty third home located in the Bee Branch Realignment and scheduled for purchase is owned by Lois J. Ploessl. An independent appraisal has established market value at $65,000. Lois J. Ploessl has accepted an offer for purchase in this amount by signing the purchase agreement offered by the Housing Department. Negotiations for payment of relocation assistance benefits are continuing. However, these have no bearing on the action to acquire the property. We expect to have those concluded as soon as a comparable home becomes available. Action Step The action requested of the City Council is to approve the attached resolution, authorizing purchase of property located at 2345 Elm Street in the City of Dubuque, Iowa. RESOLUTION NO. 344-08 A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE LOCATED AT 2345 ELM 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 fifty third 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: Lot 2 of Lot 1 of Lot 1 of Lot 106 in L.H. Langworthy's Addition in the City of Dubuque, Iowa, according to the recorded Plat thereof. At the cost of Sixty-five thousand dollars ($65,000). 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 6th day of October, 2008. Roy D. Buol, Mayor Attest: Jeanne F. Schneider, CMC, City Clerk