Purchase of Property_2317 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 2317 Elm Street
DATE: November 20, 2008
Housing and Community Development Department Director David Harris recommends
City Council approval to purchase a residential rental dwelling for $98,000 located at
2317 Elm Street owned by Exodus Two Holding, L.L.C. This purchase is part of the
acquisition program associated with the Bee Branch Creek Restoratoin 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 C. Van Milligen, City Manager
FROM: David Harris, Housing and Community Development
SUBJECT: Purchase of Property at 2317 Elm Street
DATE: 19 November 2008
Introduction
The purpose of this memorandum is to request the City Council's approval to purchase
a residential rental dwelling located at 2317 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 fifth home located in the Bee Branch Realignment and scheduled for purchase
is owned by Exodus Two Holdings, L.L.C. An independent appraisal has established
market value at $98,000. Exodus Two Holdings, L.L.C. has 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 2317 Elm Street in the City of Dubuque,
Iowa.
RESOLUTION NO. 414-08
A RESOLUTION APPROVING THE ACQUISITION OF REAL STATE
LOCATED AT 2317 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 fifth property scheduled for acquisition.
NOW, THEREFORE, BE IT RESOLVED Y 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:
The East 99 '/ feet of the South 55 feet of Lot 1 of the Subdivision of Lot
105 in L.H. Langworthy's Addition in the City of Dubuque, Iowa according
to the recorded plat thereof.
At the cost of Ninety-eight thousand dollars ($98,000).
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 iri the office of the
Dubuque County Recorder, together with certified copy of the Resolution.
a copy of this Resolution to the Dubuque County Assessor and the Dubuque
County Auditor.
PASSED, APPROVED AND ADOPTED this 1st day of December, 2008.
Roy D. Buol, Mayor
Attest: Jeanne F. Schneider, CMC, City Clerk