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Disposal of City Property at 460 E. 18th Street_Metx, Inc. Copyrighted May 21 , 2018 City of Dubuque Items to be set for Public Hearing # 2. ITEM TITLE: Disposal of City Property at 460 E. 18th Street SUMMARY: City Manager recommending that the City Council set a public hearing for June 4, 2018, on the disposal of property described as Lot 1 of Marde Place in the City of Dubuque, lowa, by conveyance to Mefic, LLC related to development of 1690 Elm Street. RESOLUTION Intent to Dispose of an interest in City of Dubuque Real Estate located at 460 East 18th Street and legally described as Lot 1 of Marde Place in the City of Dubuque, lowa, to Mefic, LLC, and fixing the date for a public hearing and providing for the publication of notice thereof SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s), Set Public Hearing for June 4, 2018 ATTACHMENTS: Description Type Disposal of City Property at 460 E. 18th Street-NNM City Manager Memo Memo Staff Memo Staff Memo Resolution Resolutions Area Map Supporting Documentation THE CITY OF Dubuque � AIFA�erlwGh UB E '�� III► Masterpiece on the Mississippi Z°°'�w'2 7A13 2017 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Disposal of City Property at 460 E. 18�h Street described as Lot 1 of Marde Place in the City of Dubuque (Metx, LLC Renovation Project) DATE: May 16, 2018 City Engineer Gus Psihoyos recommends the City Council set a public hearing for June 4, 2018, on the disposal of property described as Lot 1 of Marde Place in the City of Dubuque, lowa, by conveyance to Metx, LLC. Metx, LLC is planning to renovate and redevelop the former Lamar office building at 1690 Elm Street. In October of 2017, the City and Metx, LLC entered into a Development Agreement with multiple considerations relating to the redevelopment of the Metx, LLC property at 1690 Elm Street, including the conveyance of the City owned property at 460 East 18�h Street to Metx, LLC for construction of a proposed parking lot. This property was purchased by the City in 2014 for a bike trail and was formerly occupied by a quansit hut building. City plans for the location of the bike trail have changed. Per the agreement, the City will retain an easement through the property that allows for the installation of a bike trail should the City choose to do so in the future. I concur with the recommendation and respectfully request Mayor and City Council approval. �� �� ��� Mic ael C. Van Milligen �� � MCVM:jh Attachment cc: Crenna Brumwell, City Attorney Teri Goodmann, Assistant City Manager Cori Burbach, Assistant City Manager Gus Psihoyos, City Engineer THE CITY OF Dubuqu� -�r�.. �"` py.� ��� � i .,r � �� �� 1Vlasterpiece on the Mississippi Z'�'�Z°�� ?A13•2017 TO: Michael C. Van Milligen, City Manag i FROM: Gus Psihoyos, City Engineer ,_.� �—_- SUBJECT: Disposal of City Property at 460 E. 18th Street and described as Lot 1 of Marde Place in the City of Dubuque (Metx, LLC Renovation Project) DATE: May 11, 2018 INTRODUCTION This is in response to a request from Metx, LLC for the conveyance of City property at 460 E. 18t" Street to Metx, LLC as part of the Metx, LLC Renovation Project. BACKGROUND Metx, LLC is planning to renovate and redevelop the former Lamar office building at 1690 Elm Street. In October of last year, the City and Metx, LLC entered into a development agreement with multiple considerations relating to the redevelopment of the Metx, LLC property at 1690 Elm Street, including the conveyance of the City owned property at 460 East 18th Street to Metx, LLC for construction of a proposed parking lot. This property was purchased by the City in 2014 for a bike trail and was formerly occupied by a quansit hut building. Per the agreement, the City will retain an easement through the property that allows for the installation of a bike trail should the City choose to do so in the future. DISCUSSION In October of 2017, the City and Metx, LLC (METX) entered into a development agreement with multiple considerations relating to the redevelopment of the METX property at 1690 Elm Street, including the disposal of the property at 460 E. 18th street so that the developer can construct a proposed parking lot to serve the former Lamar office building. RECOMMENDATION I recommend that the property described as Lot 1 of Marde Place in the City of Dubuque, lowa be conveyed to Metx, LLC and that a public hearing be set for the disposition of the City's interest in the subject area on June 4, 2018 per the development agreement with Metx, LLC. ACTION TO BE TAKEN I respectfully request that a public hearing be held on the disposal of the property, described as Lot 1 of Marde Place in the City of Dubuque, lowa, through the adoption of the enclosed resolution. Prepared by Nate Kieffer, PLS 2 Prepared by: Nate Kieffer, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4270 Return to: Nate Kieffer, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4270 RESOLUTION NO. 152-18 INTENT TO DISPOSE OF AN INTEREST IN CITY OF DUBUQUE REAL ESTATE LOCATED AT 460 EAST 18TH STREET AND LEGALLY DESCRIBED AS LOT 1 OF MARDE PLACE IN THE CITY OF DUBUQUE, IOWA, TO METX, LLC, AND FIXING THE DATE FOR A PUBLIC HEARING AND PROVIDING FOR THE PUBLICATION OF NOTICE THEREOF Whereas, the City of Dubuque, Iowa (City) is the owner of the following real property (the Property); Lot 1 of Marde Place in the City of Dubuque, Iowa ;and Whereas; City has entered into a Development Agreement between the City of Dubuque, Iowa and Metx LLC dated October 12, 2017 (the Agreement); and Whereas, the Code of Iowa requires that the City Clerk publish a notice of the proposal and of the time and place of the meeting at which the City Council proposes to take action thereon and at which meeting the City Council shall receive oral and/or written, objections from any resident or property owner of said City to such proposed action. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City of Dubuque intends to dispose of its interest in Lot 1 of Marde Place in the City of Dubuque, Iowa by sale to Metx, LLC, pursuant to the terms and conditions of the Development Agreement between the City of Dubuque, Iowa and Metx LLC dated October 12, 2017. Section 2. That a public hearing on the intent to dispose of Lot 1 of Marde Place, in the City of Dubuque, Iowa by sale to Metx, LLC is hereby set for the 4tH day of June, 2018, at the Historic Federal Building, 350 W. 6th Street, Dubuque, Iowa, beginning at 6:00 p.m., and the City Clerk be and is hereby authorized and directed to cause a notice of public hearing on the intent to dispose of said real estate to be published in the manner as prescribed by law. Section 3. The City Clerk is hereby directed to cause at least one publication to be made of a notice of said meeting, in a newspaper, printed wholly in the English language, published at least once weekly, and having general circulation in said City, said publication to be not less than four days nor more than twenty days before the date of said meeting on the disposal of the City's interest in the Property. 1 Section 4. That the notice of the proposed action shall be in substantially the form attached hereto. Passed, approved and adopted this 21st day of May 2018. Attest: Kevin,,s. Firnstahl, CMCf;City Clerk 2 Roy D. Buol, Mayor \ �� �o� �ors i6�-i�2, i��iA.Nzs- AREA MAP � � �� zsz-z56iN �Asreur�uau� METX LLC RENOVATION VACA1�b AI,��Y TO p�AN `� o�, zoNiNG - N�iGH�pHooe s P ROJ ECT �c-z> o v �� EX. 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