County-BlueSteel_ExecutedClosingDocs_090117CLOSING CHECKLIST
DUBUQUE COUNTY, IOWA,
AND
BLUE STEEL 1031 LLC
September 1, 2017, 10:00 a.m..
Drake Law Firm
300 Main Street Suite 323
Dubuque, IA
Lot 4 of Dubuque Industrial Center South First Addition in the City of
Dubuque, Iowa
Abstract brought up to date and delivered City
for review prior to Closing
Warranty Deed County
Proof of Publication of Notice of Public Hearing
/Resolution approving Purchase Agreement
Declaration of Value County
Groundwater Hazard Statement County
Purchase Price $ 1,320,000.00 Flexsteel
Real Estate Transfer Stamps NA
Taxes NA
Closing Statement County/Flexsteel
062717ba1
CLOSING STATEMENT
THE COUNTY OF DUBUQUE, IOWA,
AND
BLUE STEEL 1031 LLC
September 1, 2017, 10:00 a.m.
Drake Law Firm
300 Main Street Suite 323
Dubuque, IA
Flexsteel Industries, Inc. Fed ID Number 42-0442319
Lot 4 of Dubuque Industrial Center South First Addition in the City of
Dubuque, Iowa
Purchase Price:
DUBUQUE COUNTY, IOWA
$ 1,320,000.00
BLUE STEEL 1031 LLC
(Seller) (Buyer)
By:
Ja ickham, Chairperson
062717baI
By:. .'
Flexsteel 1 d stries, Inc., Manager
Timothy . all, SVP Finance,
CFO & Secretary
Prepared by: Kevin T. Deeny, 2100 Asbury Road, Suite 2, Dubuque, IA 52001, (553) 582-7890
Return to: Blue steel 1031, LLC, 385 Bell Street, Dubuque, IA 52001
Tax Statement to: Blue Steel 1031, LLC, 385 Bell Street, Dubuque, IA 52001
WARRANTY DEED
For the consideration of one dollar and other valuable consideration,
Dubuque County, Iowa, conveys to Blue Steel 1031, LLC, an Iowa limited liability
company, the following described real estate in Dubuque County, Iowa:
Lot 4 of Dubuque Industrial Center South First Addition in the City of
Dubuque, Iowa, according to the recorded plat thereof, subject to
zoning and other ordinances, covenants of record, and any
easements of record for public utilities, roads and highways.
This Deed is exempt from transfer tax pursuant to Iowa Code section
428A.2(6).
This Deed is given pursuant to the authority of Resolution No. 17-172 of the
Dubuque County Board of Supervisors adopted the 30t" day of May, 2017, the
terms and conditions thereof, if any, having been fulfilled.
Grantor does hereby covenant with grantee, and successors in interest, that
grantor holds the real estate by title in fee simple; that it has good and lawful
authority to sell and convey the real estate; that the real estate is free and clear of
all liens and encumbrances except as may be above stated; and grantor covenants
to warrant and defend the real estate against the lawful claims of all persons except
as may be above stated.
Date this
STATE OF IOWA
day of "` 46' , 2017.
DUBUQUE COUNTY, IOWA
6- a:4
COUNTY OF DUBUQUE
By
) ss
}
Jay'Wickham, Chairperson
Dubuque County Board of Supervisors
On this iirr7L day of I , 2017, before me, a Notary Public
in and for the State of Iowa, pers ally appeared Jay Wickham, to me personally
known, who being duly sworn, did say that he is the Chairperson of the Dubuque
County Board of Supervisors, created and existing under the laws of the State of
Iowa, and that said instrument was signed on behalf of Dubuque County, Iowa, by
authority and resolution of the Board of Supervisors, and said Chairperson
acknowledged said instrument to be the voluntarily act and deed of Dubuque
County, Iowa, by it voluntarily executed.
eiR
KEViN T DEENY
Commission Number 712320
MY 0MMISi4 iN f514'J•
T
Notary Public in and for the S - of Iowa
RESOLUTION NUMBER / -iv--
WHEREAS, Dubuque County held a Public Hearing on May 30, 2017 regarding the proposed
sale and conveyance of Dubuque County owned real property described as Lot 4 of the Dubuque
Industrial Center South First Addition in the City of Dubuque, Iowa to Blue Steel 1031 LLC;
and
WHEREAS, Dubuque County has been presented with an Offer to Buy Real Estate and
Acceptance (the Agreement) from Blue Steel 1031 LLC to purchase Dubuque County owned Lot
4 of the Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa
NOW THEREFORE BE IT RESOLVED, that Dubuque County approves and authorizes the
Chairperson to sign the Offer to Buy Real Estate and Acceptance (the Agreement) from Blue
Steel 1031 LLC to purchase County owned Lot 4 of the Dubuque Industrial Center South First
Addition in the City of Dubuque, Iowa for the purchase amount of $1,320,000.
Approved: May 30, 2017
Attest:
117 9"2
Mary.f. H bt et
Dubuque County Deputy Auditor
Jay Wi
am, Chairperson
Dub 4ue County Board of Supervisors
MEETING OF
MAY 30 2.0i7
DUBUOLEcouNrt
BOARD OFSUPERVISORS
STATE OF IOWA
DUBUQUE COUNTY SS:
CERTIFICATE OF PUBLICATION
I, Linda L. Vorwald, of Woodward
Communications, Inc., an Iowa corporation,
publisher of the Dyersville Commerical, a
newspaper of general circulation published
in the City of Dyersville, County of
Dubuque and State of lowa; hereby certify
that the attached notice was published in
said newspaper on the following
dates atiLI , 201i ,
and for which the charge is $ 7 .21
Subscribed to before me, a Notary Public in
and for Dubuque County, lowa,
this / - day of �] _ 20 / 7
LINDA L, VORWALD
Commission Number 702790
MY COMM EXP. ..y9$'1g
4frla Li)m4)
Notary Public in and for
Dubuque County, Iowa
NOTICE OF PUBLIC HEARING
Notice. is. .hereby given that
the Dubuque County Board of
Supervisors will hold a Public
Hearing at 5:30 p,m, on Tuesday,
May 30, 2017 at the Dubuque
County Courthouse, 720 Central
Avenue, Dubuque, Iowa for the
proposed sale and conveyance of
real property described as Lot 4
of the Dubuque Industrial Center
South, Addition in the City
of Dubuque. lows to Blue Steel
1031 LLC for,'a purchase price of
$3,3201000.
Per the order of the Dubuque
County Board of Supervisors,
Dubuque, Iowa this 15u' day of May,
2017.
By Denise M. Dolan, Dubuque
County Auditor
5-24
cf/'/
CTRL #
G O Y Y Y Y M M#####
11
11
1
i
1
111
111
REAL ESTATE TRANSFER - DECLARATION OF VALUE
Please read the instructions comprised in form 57-011 before completing and filing this form. ■
Part I - TO BE COMPLETED BY BUYER, SELLER OR AGENT
Date of Instrument (MMDDYYYY) 0 9 0 1 2 0 1 7
Enter the number matching your selection in the box at the end of the line: Deed (1) Contract (2) 1
Seller: Dubuque County, Iowa
Seller Address: 720 Central Avenue
State: Iowa
Buyer: Blue Steel 1031, LLC
Buyer Address: 385 Bell Street
State: Iowa
ZIP: 52001
ZIP: 52001
Phone Number: (563) 589-4441
City: Dubuque
email:
Phone Number:
City: Dubuque
email: HStubbeneflexsteel.com
Address of Property Conveyed: vacant land on Seippel Road
City: Dubuque
Legal Description: See 1 in Addendum
State: Iowa ZIP: 52002
Enter the number corresponding to your selection in the box at the end of the line, if applicable.
Type of Sale: Sale between related parties/family (1); Sale of partial interest (2); Trade (3); Quit Claim Deed (4); Auction (5)
Was this a sale of agricultural land to: Corporation (1); Trust (2); Alien (3); Non-resident Alien (4); Limited Partnership (5)
DECLARATION OF VALUE STATEMENT
1. Total Amount Paid 1 3 2 0 0 0 0 .00
2. Amount Paid for Personal Property 0 .00
3. Amount Paid for Real Property 1 3 2 0 0 0 0 .00
1 hereby declare that the information contained in Part I of this form is true and correct.
Printed Name: Jay Wickham, Chairperson Phone Number: (563) 589-4441
Signature: Buyer or Seller X or Agent or Attorney
■ Effective On or Before 07/01/16 Page 1 1S8A 57-006a (03/15/16) ■
Rea! Estate Transfer — Declaration of Value, Page 2
Part. 11 - TO BE COMPLETED BY THE ASSESSOR.
Assessed values must be as of January 1 of the year in which the sale occurred.
SECTION A: SINGLE CLASSIFICATION
Primary Classification: Residential (4); Commercial (5); Industrial (2); Agricultural (1); Multi -residential (7)
City/Township:
Primary Parcel Number:
Class
Res
Com
Ind
Ag
MultiRes
Land Building
.001
.00
.00
.00
.001 -.
Subtotal
SECTION B: DUAL CLASSIFICATION
Primary Classification: Commercial (5);
City/Township:
Primary Parcel Number:
ClasT--
Com
Ind
MultiRes
Land
Subtotal
.00
.00
.00
Industrial (2);
Building
Total: Add Subtotal amounts from Sections A and B
Enter amount from line 3, page 1
Ratio: Divide Total amount by the amount on line 3, page 1
Comments:
■
Effective on or before 07/01/16
.00J.
.00
.00
.00
1.
.00
.00
.00
.00
Occupancy:
Year Built:
Dwelling
.00'
.00
Multi -residential (7)
Occupancy:
Year Built:
Dwelling
NUTC
Jurisdiction
Page 2 ISBA 57-006b (03/15/16)
.00
.00
.00
.00
•
Addendum
1. Lot 4 of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa,
according to the recorded plat thereof, subject to zoning and other ordinances, covenants of
record, and any easements of record for public utilities, roads and highways.
REAL ESTATE TRANSFER GROUNDWATER HAZARD STATEMENT
TO BE COMPLETED BY TRANSFEROR
TRANSFEROR:
Name Dubuque County, Iowa
Address 720 Central Avenue, Dubuque, IA 52001
Number and Street or RR City, Town or P 0. State Zip
TRANSFEREE:
Name Blue Steel 103I, LLC
Address 385 Bell Street, Dubuque, IA 52001
Humber and Street or RR
City, Town or F.O.
Address of Property Transferred:
vacant land on Seippel Road, Dubuque, IA 52002
Humber and Street or RR Clly, Town or P.O.
State Zip
State Zip
Legal Description of Property: (Attach if necessary) Lot 4 of Dubuque Industrial Center South First
Addition in the City of Dubuque, Iowa, according to the recorded plat thereof, subject to zoning and
other ordinances, covenants of record, and any easements of record for public utilities, roads and
highways.
1. Wells (check one)
X There are no known wells situated on this property.
There is a well or wells situated on this property. The type(s), location(s) and legal status are
stated below or set forth on an attached separate sheet, as necessary.
2. Solid Waste Disposal (check one)
X There is no known solid waste disposal site on this property.
There is a solid waste disposal site on this property and information related thereto is provided
in Attachment #1, attached to this document.
3. Hazardous Wastes (check one)
X There is no known hazardous waste on this property.
There is hazardous waste on this property and information related thereto is provided in
^Attachment #1, attached to this document.
4. Underground Storage Tanks (check one)
X There are no known underground storage tanks on this property. (Note exclusions such as
small farm and residential motor fuel tanks, most heating oil tanks, cisterns and septic tanks, in
instructions.)
There is an underground storage tank on this property. The type(s), size(s) and any known
substance(s) contained are listed below or on an attached separate sheet, as necessary.
FILE WITH RECORDER DNR farm 542-0960 (July 18, 2012)
5. Private Burial Site (check one)
X There are no known private burial sites on this property.
There is a private burial site on this property. The location(s) of the site(s) and known
identifying information of the decedent(s) is stated below or on an attached separate sheet, as
necessary.
6. Private Sewage Disposal System (check one)
_ All buildings on this property are served by a public or semi-public sewage disposal system.
X This transaction does not involve the transfer of any building which has or is required by law to
have a sewage disposal system.
There is a building served by private sewage disposal system on this properly or a building
without any lawful sewage disposal system. A certified inspector's report is attached which
documents the condition of the private sewage disposal system and whether any modifications
are required to conform to standards adopted by the Department of Natural Resources. A
certified inspection report must be accompanied by this form when recording.
There is a building served by private sewage disposal system on this property. Weather or
other temporary physical conditions prevent the certified inspection of the private sewage
disposal system from being conducted. The buyer has executed a binding acknowledgment
with the county board of health to conduct a certified inspection of the private sewage disposal
system at the earliest practicable time and to be responsible for any required modifications to
the private sewage disposal system as identified by the certified inspection. A copy of the
binding acknowledgment is attached to this form.
There is a building served by private sewage disposal system on this property. The buyer has
executed a binding acknowledgment with the county board of health to install a new private
sewage disposal system on this property within an agreed upon time period. A copy of the
binding acknowledgment is provided with this form.
There is a building served by private sewage disposal system on this property. The building to
which the sewage disposal system is connected will be demolished without being occupied. The
buyer has executed a binding acknowledgment with the county board of health to demolish the
building within an agreed upon time period. A copy of the binding acknowledgment is provided
with this form. [Exemption #9]
This property is exempt from the private sewage disposal inspection requirements pursuant to
^the following exemption [Note: for exemption #9 use prior check boxj:
The private sewage disposal system has been installed within the past two years pursuant to
permit number
Information required by statements checked above should be provided here or on separate
sheets attached hereto:
HEREBY DECLARE THAT I HAVE REVIEWED THE INSTRUCTIONS FOR THIS FORM
AND THAT THE INFORMATION STATED ABOVE IS TRUE AND CORRECT.
Signature:
dz. a7,,,e,1
pnsferor or Agent)
Telephone No.: (563) 589-4441
FILE WITH RECORDER DNR form 542-0960 (July 18, 2012)