Purchase of Property - 505 / 507 East 22nd 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 505-507 E. 22nd Street
DATE: September 30, 2008
Housing and Community Development Department Director David Harris recommends
City Council approval to purchase a residential rental dwelling for $78,000 located at
505-507 E. 22nd Street owned by Mardi Gras Estates, LC. 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 Milligen
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 Van Milligen, City Manager
FROM: David Harris, Housing and Community Development
SUBJECT: Purchase of Property at 505-507 E 22nd Street
DATE: 23 September 2008
Introduction
The purpose of this memorandum is to request the City Council's approval to purchase
a residential rental dwelling located at 505-507 E 22nd 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 first home located in the Bee Branch Realignment and scheduled for purchase
is owned by Mardis Gras Estates, LC. An independent appraisal has established market
value at $78,000. Mardis Gras Estates, LC 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 505-507 E 22"d Street in the City of
Dubuque, Iowa.
RESOLUTION NO. 346-08
A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE
LOCATED AT 505-507 E22ND STREET, IN THE CITY OF DUBQUE
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
Plain;" and
WHEREAS, a purchase agreement has been finalized with the owner of
the fifty first property scheduled for acqusition.
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 1 of the Subdivision of lot 2 in Sanford's Subdivision in the City of
Dubuque, Iowa according to the recoreded Plat thereof
At the cost of Seventy Eight Thousand dollars ($78,000).
Section 2. That the City of Dubuque be and is hereby authorized to
accept a Quit Calim deed from the owner, conveying the owne'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