Downtown Rehabilitation Loan for 378 Main StreetCopyrighted
August 15, 2022
City of Dubuque Consent Items # 021.
City Council Meeting
ITEM TITLE: Downtown Rehabilitation Loan for378 Main Street
SUMMARY: City Manager recommending City Council approve the Release of Real
Estate Mortgage for 378 Main Street.
SUGGESTED Suggested Disposition: Receive and File; Approve
DISPOSITION:
ATTACHMENTS:
Description Type
Release - 15 South Main Street/378 Main Street-MVM City Manager Memo
Memo
Staff Memo
Release
Staff Memo
Supporting Documentation
THE C
DUjIBQTE
Masterpiece on the Mississippi
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Downtown Rehabilitation Loan for 378 Main Street
DATE: August 11, 2022
Dubuque
WAWca 914
ii
2007-2012.2013
2017*2019
City Attorney Crenna Brumwell is recommending City Council approve the Release of
Real Estate Mortgage for 378 Main Street.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
v
Mic ael C. Van Milligen
MCVM:sv
Attachment
CC' Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
THE CITY OF
DUB E
Masterpiece on the Mississippi
CRENNA M. BRUMWELL, EsQ.
CITY ATTORNEY
To: Michael C. Van Milligen
City Manager
DATE: August 11, 2022
RE: Downtown Rehabilitation Loan for 378 Main Street
Dubuque
MI-AmerIn City
2007-2012.2013
2017*2019
On June 18, 2001, the City Council approved Resolution No. 276-01, authorizing a letter
of commitment and additional actions concerning a downtown rehabilitation loan to Clark
Wolff for property at 378 Main Street.
The City offered Mr. Wolff a 20-year loan. The loan has been paid off per the terms. The
loan payoff information from Jennifer Larson, Director of Finance and Budget, is attached.
I respectfully request City Council approval of the Release of the Real Estate Mortgage.
OFFICE OF THE CITY ATTORNEY DUBUQUE, IOWA
SUITE 330, HARBOR VIEW PLACE, 300 MAIN STREET DUBUQUE, IA 52001-6944
TELEPHONE (563) 589-4381 / FAx (563) 583-1040 / EMAIL cbrumwel@cityofdubuque.org
Doc ID: 011003600002 Type: GEN
Kind: RELEASE OF MORTGAGE
Recorded: 08/17/2022 at 02:49:04 PM
Fee Amt-. $12.00 Paqe 1 of 2
Dubuque County Iowa
John Murphy Recorder
File2022-00010337
RELEASE OF REAL ESTATE MORTGAGE
Recorder's Cover Sheet
Preparer Information: Darin S. Harmon, 100 West 12th St, Dubuque, IA 52001-4804, Phone:
563-588-0547
Return Document To: Clark Wolff, PO Box 137, East Dubuque, IL 61025-0137
Mortgagee releasing mortgage: City of Dubuque
Mortgagor: Clark Wolff
Legal Description: See Page 2
Document or instrument number of previously recorded documents:
UThe Iowa State Bar Association 2022 Form No. 129, Release of Real Estate Mortgage
IowaDocs9 Revised January 2016
�
DBQ City Clerk 12"
RELEASE OF REAL ESTATE MORTGAGE
The undersigned, the present owner(s) of the mortgage hereinafter described, do hereby
acknowledge that a certain mortgage bearing date of September 13, 2001, made and executed by
Clark Wolff to City of Dubuque and Recorded in the records of the office of the Recorder of the
County of Dubuque State of Iowa, recorded as document reference number 14852-01 on
September 14, 2001, is redeemed, paid off, satisfied and discharged in full.
Words and phrases herein, including acknowledgment hereof, shall be construed as in the
singular or plural number, and as masculine, feminine or neuter gender, according to the context.
Dated A o Q u 2022.
Bra Cavana a or City of Dubuque
STATE OF IOWA, COUNTY OF DUBUQUE
This record was acknowledged before me on A u q u 5 t 11; ,
by Brad Cavanagh, Mayor.
ADRIENNE N. WIMELDER
Commission Number 82M
My Comm. Esp. 1 •
CThe Iowa State Bar Association 2022
IowaDocs@
Signature of Notary Public
Form No. 129, Release of Real Estate Mortgage
Revised January 2016
THE C= OF
DUB E
Masterpiece on the Mississippi
June 8, 2022
Clark Wolff
PC Box 137
East Dubuque,
IL 61025-0137
Dubuque
Finance Department
50 West 13^' Sheet
!LUh.W
Dubuque, Iowa 52001-4845
j /
Office (563) 5894398
Fax (563)690-6689
TiY (563) 690-6678
zootaou-zots
2017*2019
fiinance4 citvofdubuaue.ore
www.cityo fdubque.c rg
RE: Loan Number 6068 Payoff
Dear Mr. Wolff,
This letter is to confirm that Loan Number 6068 for 15 S. Main Street 1378 Main Street
has been paid i:1 full on May 1, 2022.
Thank you for your investment in the City of Dubuque!
Sincerely,
Jennifer Larson
Director of Finance and Budget
JML