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Holliday Third Addition - Stormwater Facilities Fee AgreementTHE 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: Holliday 3rd Addition -Stormwater Facilities Fee Agreement DATE: October 1, 2008 City Engineer Gus Psihoyos is recommending consent to the assignment of interest in the Stormwater Facilities Agreement for Holliday 3rd Addition from Gomer Holliday Development, LLC to West Hospitality, LLC. 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 Gus Psihoyos, City Engineer THE CITY OF DUBUQUE Masterpiece on the Mississippi Dubuque All-American City 2007 MEMORANDUM October 1, 2008 TO: Michael C. Van Milligen, City Manager FROM: Gus Psihoyos, City Engineer SUBJECT: Holliday 3rd Addition -Stormwater Facilities Fee Agreement INTRODUCTION The purpose of this memo is to seek City Council approval to consent to the assignment of interest in the Stormwater Facilities Agreement (Agreement) for Holliday 3~d Addition that the City has with Gomer Holliday Development, LLC (GHD). BACKGROUND Holliday 3rd Addition is a commercially zoned development that includes the extension of Holliday Drive to the south from Asbury Road west of the Northwest Arterial. Because the development exceeds one acre, per City policy, stormwater detention was required. The site is directly north of the Northwest Arterial Detention Basin and all drainage from the site flows to the basin. To meet detention basin requirements, the developer (QHQ) asked City Engineering about the possibility of utilizing the City's detention basin instead of constructing a new detention basin of their own. The Northwest Arterial detention facility, located just south of Holliday 3rd Addition, has been functional since the spring of 2002. The basic premise of the Agreement is that the City will provide detention (a service) and QHQ will reimburse the City for the cost of the service. In June of 2004, the City Council approved the Stormwater Facilities Fee Agreement with QHQ. Per the terms of the Agreement, the City received aone-time payment of $62,250. In addition, the City receives an annual maintenance fee that escalates by 2.5% each year. The annual fee was $4,120.00, $4,223, $4,328.58, and $4,436.78 for 2005, 2006, 2007, and 2008 respectively. The agreement allowed QHQ to assign with the City's consent interest in the agreement with the sale of property. In January of 2008, the City Council consented to the assignment of interest in the Stormwater Facilities Fee Agreement to Commercial Holliday Development, LLC. On September 2, 2008 the City Council consented to the assignment of interest in the Stormwater Facilities Fee Agreement to Gomer Holliday Development, LLC (GHD). DISCUSSION On September 30, 2008, the City received a document (attached) titled Assignment of Storm Water Facilities Fee Agreement and Consent to Assignment by the City of Dubuque as prepared by Brian J. Kane. It assigns interest from Gomer Holliday Development, LLC (GHD) to West Hospitality, LLC (WH). City staff believes that the signed document affords the City legal authority to charge WH for the assigned portion of the Agreement. The table below shows the assignments for 2008 and what they will be in 2009 should the City Council consent to the attached assignment. The proposed assignment transfers the $461.98 obligation from GHD to WH in 2009. QHQ LBH ComHD WBBL GHD WH 2008 $ 1,476.23 $ 937.49 $ 2,023.12 $ 0.00 $ 0.00 $ 0.00 2009 $ 1,513.14 $ 960.93 $ 0.00 $ 1,611.71 $ 461.95 $ 461.98 *The fee increases by 2.5% each year. RECOMMENDATION I recommend that the City Council consent to the assignment to West Hospitality, LLC (WH). BUDGET IMPACT Per the terms of the Agreement, the City receives an annual maintenance fee that escalates by 2.5% each year. The annual fee was $4,120, $4,223, $4,329, and $4,437 for 2005, 2006, 2007, and 2008 respectively. It will be $4,548 in 2009 and increase by 2.5% each year thereafter. Consenting to the assignments has no budget impact as the amount of the annual maintenance fee collected by the City will be the same as established in the Agreement with QHQ. The only change is that the fee will be split between the assigned parties. ACTION TO BE TAKEN I respectfully request that the City Council consent to the assignment of interest in the Stormwater Facilities Fee Agreement to West Hospitality, LLC and to authorize the City Manager to sign the attached assignment. Attach. Prepared by Deron Muehring cc: Barry Lindahl, City Attorney Jenny Larson, Budget Director Ken TeKippe, Finance Director Deron Muehring, Civil Engineer II Brian J. Kane Les V. Reddick'F Brad J. Heying Todd L. Stevenson" Kevin T. Deeny""~ Bradley B. Kane Joseph P. Kane All admitted in Iowa Also admitted in Illinois *Also admitted in Wisconsin September 29, 2008 Barry A. Lindahl, Esq. Corporation Counsel 300 Main St., Ste. 330 Harbor View Place Dubuque, IA 52001 Re: Gomer Holliday Development, LLC Dear Barry: Phone: (563) 582-7980 Facsimile: (563) 582-5312 E-mail: bkane@kanenorbylaw.com Enclosed please find an executed Assignment of Storm Water Facilities Fee Agreement with respect to certain property on the Northwest Arterial. Gomer Holliday Deelopment, LLC has sold one of its lots. The proposed Assignment is to trace the actual storm water fee responsibility to the current owner of the real estate. If you have any questions, please do not hesitate to contact us. If all is in order, please have the Assignment executed by Mr. VanMilligen and return it to us for recording. Thank you. Best regards, KANE, NORBY & REDDICK, P.C. By ~' B ian J. K e KANE, NORBY & REDDICK, P.C. ATTORNEYS 2100 ASBURY ROAD, SUITE 2 DUBUQUE, IA 52001-3069 Of Counsel: Gary K. Norby BJK:meh Enclosure cc: Mr. Wayne A. Briggs Prepared Bv: Brian J. Kane, 2100 Asbury Road, Suite 2, Dubuque, IA 52001 (563) 582-7980 Return To: Brian J. Kane, 2100 Asbury Road, Suite 2, Dubuque, IA 52001 (563) 582-7980 ASSIGNMENT OF STORM WATER FACILITIES FEE AGREEMENT AND CONSENT TO ASSIGNMENT BY THE CITY OF DUBUQUE This Assignment of Storm Water Facilities Fee Agreement is dated for reference purposes the ~ day of Se,/~.c,~ , 2008. WHEREAS, Gomer Holliday Development, LLC ("Gomer Holliday") is the partial Successor in Interest in and to that certain City of Dubuque Storm Water Facilities Fee Agreement (the "Agreement"), a copy of which was recorded as Instrument No. 10046-04, records of the Dubuque County Recorder with respect to the real estate described as follows: Lot 2 of Holliday Fourth Addition; (the "Real Estate") WHEREAS, Gomer Holliday has sold Lot 2 of Holliday Fourth to Dubuque West Hospitality, LLC. ("Dubuque West"); and WHEREAS, the Agreement runs with the land. WHEREAS, Gomer Holliday desires to assign its interest in the Agreement to Dubuque West, as provided herein. NOW, THEREFORE, in consideration of the terms, conditions, covenants and performances contained herein, the parties agree as follows: SECTION 1. Subject to the consent of the City of Dubuque (the "City"), Gomer Holliday hereby assigns its interest in the Agreement to the following assignees: The responsibilities related to Lot 2 of Holliday Fourth Addition (the "Gomer Holliday Real Estate") are hereby assigned to Dubuque West. SECTION 2. Commencing January 1, 2009 and January 1 of each year thereafter, Dubuque West shall pay the annual detention basin and drainage channel maintenance fee with respect to the Real Estate for the maintenance of the Northwest Arterial Detention Basin and Drainage Channel, all in accordance with the Agreement. The parties acknowledge that the annual fees for 2009 and each year thereafter shall be calculated by adding 2.5% to the fee for the previous year fee for each respective parcel of real estate. i SECTION 3. Annual fees shall be paid by the respective parties hereunder to the ~ City by not later than January 31 of each year. In the event that the annual fee is not paid i, by January 31 for the year when it is due, the parties agree that City shall have the right to assess the fee against the respective property for collection in the same manner as the property tax. SECTION 4. Dubuque West hereby assumes all responsibilities required under the Agreement with respect to the Real Estate. SECTION 5. The Agreement and this Assignment shall be binding on the parties and their successors, heirs and assigns. IN WITNESS WHEREOF, the parties executed the foregoing as of the date here first above written. /1 COMER HOLLIDAY DEVELOPMENT, LL •` ~ ~ J B l.~tLcvho ~~,~.,, 4 Printed Name 1 /es ,G~F n "'~ Title DUBUQUE SPITALITY, LLC By: ~~ Printed Na e ~~ Title STATE OF IOWA COUNTY OF DUBUQUE On this _[~'` day of c~~~> r 2008, before me, the undersigned, a Notary Public in and for the State. of Iowa, personally appeared (~, . ~ ~~ of Comer Holliday Development, LLC, to me personally known, who, being y me duly sworn, who acknowledged the execution of the instrument to be hislher voluntary act and deed for and on behalf of Comer Holliday Development, LLC. ,,P s TkOMAS KEL2ER Notary Public in and for saidPublic in and for said Sta~ i~~ Comm~ss~on Number 730754 M, Cornmission Expires pow Se tember 28, 200 ,, 1,EBUR KA _ STATE mfr COUNTY OF E-~` s~, p-a ~ a On this t n ~= day f SEP~6~ 2008, before me; the undersigned, a Notary Public in and for the State of~e~En~s-, p~e~onally appeared L~ 6a,.. ~i,n; d, ~ of Dubuque West Hospitality, LLC, to me personally known, who, being by me duly sworn, who acknowledged the execution of the instrument to be his/her voluntary act and deed for and on behalf of Dubuque West Hospitality, LLC. aun dx ww~~W '`~ ~ ~ ~__ ~_ 800Z'ZZ f' 3' ' H~fl`dW 'M al~~da j~IP, ,° e>IselgaN to a~eis • A~f1oN 1tR13N39 _ ._ Notary Public m and for said State CONSENT TO ASSIGNMENT The City of Dubuque hereby consents to the foregoing Assignment. CITY OF DUBUQUE, IOWA i By: Michael C. Van Milligen, City Manager G:\WPDOCS\MARY\Brad\Gomer Holliday (Dubuque West) Assignment of Storm Water Agreement.wpd