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Sale of City-Owned Property at 2527 Washington St.City of Dubuque City Council Copyrighted July 6, 2026 ITEMS SET FOR PUBLIC HEARING # 1. ITEM TITLE: Sale of City -Owned Property at 2527 Washington St. SUMMARY: City Manager recommending setting a Public Hearing for July 20, 2026, for the purpose of disposing of City -owned real property located at 2527 Washington Street. RESOLUTION Intent to Dispose of an Interest in City of Dubuque Real Estate to Jacob F. Bedtka, Setting a Time and Place for Hearing and Providing for the Publication of Notice Thereof SUGGUESTED Receive and File; Adopt Resolution(s), Set Public Hearing for DISPOSITION: July 20, 2026 ATTACHMENTS: 1. MVM Memo Set Public Hearing for Sale of City -Owned Property at 2527 Washington Street 2. Staff Memo 3. Resolution 4. Public Notice 5. 2527 Washington St. Purchase Agreement Page 675 of 853 THE CITY OF Dubuque DuBE uFA�a9a av Masterpiece on the Mississippi rP PP zoo�•*o 13 2017202019 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Set Public Hearing for Sale of City -Owned Property at 2527 Washington Street DATE: June 30, 2026 Housing & Community Development Director Madeline Haverland is recommending City Council set a Public Hearing for July 20, 2026, for the purpose of disposing of City - owned real property located at 2527 Washington Street. An offer from Jacob F. Bedtka, who met the criteria, after the property had been on the market for approximately 172 days. The price was reduced to $199,500 over the course of its listing. The offer by Bedtka aligned with required criteria and the purchaser was determined to be income -eligible; therefore the offer was accepted on June 15, 2026. I concur with the recommendation and respectfully request Mayor and City Council approval. Mic ael C. Van Milligen MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Madeline Haverland, Housing & Community Development Director Page 676 of 853 THE CF Dubuque DU�j__B L 111 AmericaCit' Masterpiece on the Mississippi ',N,; • ��,Z • Z�,3 ®ZO,; To: Michael C. Van Milligen, City Manager From: Madeline C. Haverland, Housing & Community Development Director Subject: Set Public Hearing for Sale of City -Owned Property at 2527 Washington Street Date: June 30, 2026 INTRODUCTION The purpose of this memorandum is to request that City Council set a Public Hearing for July 20, 2026, for the purpose of disposing of City -owned real property located at 2527 Washington Street. BACKGROUND The property at 2527 Washington Street was acquired by the City of Dubuque to be rehabilitated and sold to a low -mod income first-time homebuyer. DISCUSSION Rehabilitation of this property was completed, and it was listed for sale in May 2025. The City of Dubuque does not take the highest bidder on a property. Low- to moderate - income residents need time to get pre -approvals from a bank to provide offers on homes. They are often beat out in the competitive real estate market by higher income individuals who have fewer barriers to the purchase. The criteria that were used to select a buyer is as follows: 1. Price is the appraised value, or a lower value set by the Housing Department to remain affordable ($210,000.00). 2. Low- to Moderate- Income Household 3. First -Time Homebuyer 4. Housing Choice Voucher Participant 5. Participant in "homeownership ready" programs with the City of Dubuque or its partners, such as Dupaco's Credit Repair Program. We received an offer from Jacob F. Bedtka, who met the criteria, after the property had been on the market for approximately 172 days. The price was reduced to $199,500 over the course of its listing. The offer by Bedtka aligned with required criteria and the purchaser was determined to be income -eligible; therefore the offer was accepted on June 15, 2026. RECOMMENDED ACTION Page 677 of 853 I respectfully request the City Council schedule a public hearing for July 20, 2026, approving the purchase agreement of 2527 Washington Street as presented. Prepared by: Mary Bridget Corken-Deutsch, Community Development Grants Monitor 2 Page 678 of 853 Prepared by Mary Bridget Corken-Deutsch, Community Development Grants Monitor, 350 W. 61h St Dubuque, IA 52001, (563) 690-6094 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 131h St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 265-26 INTENT TO DISPOSE OF AN INTEREST IN CITY OF DUBUQUE REAL ESTATE TO JACOB F. BEDTKA, SETTING A TIME AND PLACE FOR HEARING, AND PROVIDING FOR THE PUBLICATION OF NOTICE THEREOF Whereas, the City of Dubuque, Iowa (City) owns 2527 Washington Street (the Property) legally described as: Lot 29 in E. Langworthy's Addition of Part of Mineral Lot 320 in the City of Dubuque, Iowa, according to the recorded plat thereof; and Whereas, the City acquired the property through resolution transferring ownership of parcel from Dubuque's True North; and Whereas, it is the recommendation of the Housing and Community Development Department to approve the purchase agreement for the sale to Jacob F. Bedtka according to the terms and conditions set out in the purchase agreement in the public interest of the City of Dubuque. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City of Dubuque, Iowa, proposes to approve the purchase agreement of the above -described real estate to Jacob F. Bedtka. Section 2. That the City Council shall conduct a public hearing on the proposed purchase agreement in the City Council Chambers at the Historic Federal Building, 350 W. 6th Street, Dubuque, Iowa on the 20th day of July 2026, beginning at 6:30 PM. Section 2. That the City Clerk be and is hereby authorized and directed to publish notice of the public hearing in the form attached hereto, according to law. Passed, approved, and adopted this 6th day of July 2026. Attest Adrienne Breitfelder, City Clerk CITY OF DUBUQE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on the 20th day of July 2026, at 6:30 p.m. in the Historic Federal Building, 350 West Sixth Street, 2nd floor, Dubuque, Iowa, at which meeting the City Council proposes to dispose of an interest in the following described real property by sale to Jacob F. Bedtka: Lot 29 in E. Langworthy's Addition of Part of Mineral Lot 320 in the City of Dubuque, Iowa, according to the recorded plat thereof, locally known as 2527 Washington Street. At the meeting, the City Council will receive oral and written comments from any resident or property owner of said City to the above action. Written comments regarding the above public hearing may be submitted to the City Clerk's Office, City Hall, 50 W. 13tn Street, on or before said time of public hearing. Copies of supporting documents for the public hearings are on file in the City Clerk's Office and may be viewed during normal working hours. Any visual or hearing -impaired persons needing special assistance or persons with special accessibility needs should contact the City Clerk's Office at (563) 589-4100 or TTY (563) 556-9948 at least 48 hours prior to the meeting. Dated this _rd day of July 2026. Adrienne N. Breitfelder, City Clerk Page 680 of 853 dotloop signature verification: dtlp.us/o1 rR-Rg8q-wpuN k . 1� ECIAR 1 PURCHASE CONTRACT Page 1 of 5 Pages THIS IS A LEGAL BINDING DOCUMENT. IF NOT UNDERSTOOD SEEK LEGAL AD VICE DATE OF OFFER06/12/2026 AGENCY RELATIONSHIP NOTIFICATION/CONFIRMATION 1. This document is prepared by: EXIT Realty Unlimited Kristopher Teske AS AGENT FOR Firm name/agent name 2. (Check one) []Seller Exclusively ®Buyer Exclusively []Both Buyer and Seller (Dual Agency), 3. or 4. Buyer and Seller confirm that written disclosures of agency representation were provided to them, they understand 5. who is representing them, and the disclosures were provided prior to signing this Offer for Real Estate. 6. DOCUMENTS ATTACHED TO THIS PURCHASE CONTRACT 7. Dual Agency Consent Agreement 8. ead Base Paint Disclosure ®Seller Disclosure of Property Condition 9. ®Inspection Addendum ❑Sale Contingency 10. LjAddendum to Purchase ❑Rental Addendum 11. []IL Radon Disclosure []Other Documents/Attachments/Legal Description:. 12. 13.OFFER TO: City of Dubuque (herein designated as SELLER) Seller Names 14. The undersignedJacob Bedtka (herein designated as BUYER) Buyer names 15. Hereby propose to purchase your property known as: 2527 Washington St Dubuque Address City 16. IA, 52001 Parcel #(s)1013335035 State ZIP 17. and agrees to pay you the sum of. One Hundred Ninety -Nine Thousand, Five Hundred and 00/100 18. $199,500 as follows: $500 earnest money delivered within 5 days of acceptance, to be held in trust by 19. (select one) ® Listing Broker or, ❑ other 20. In the event of satisfaction of both Buyer and Seller contingencies herein, the earnest money deposits and balance of the purchase 21. price shall be delivered to Seller at settlement. In the event either Buyer or Sellers' contingencies or obligations herein are not 22. satisfied, the earnest money shall be distributed in accordance with the paragraph entitled "Remedies of the Parties". 23. ALL USUAL COSTS INCURRED IN SECURING SUCH MORTGAGE SHALL BE PAID BY THE BUYER EXCEPT: 24. SELLER TO PAY UP TO $ 5000 _TOWARD BUYERS CLOSING COSTS AND PREPAID ITEMS. 25. COMPENSATION: Seller Agrees to pay the Buyer's Brokerage, who has a signed a Buyer agreement with the Buyer of the 26. property, the compensation of (check one box): 27. 02.5 % of the Sale Price. Sale price shall be defined as the gross sale price represented on the Purchase Contract 28. and any Amendments thereto and shall not be reduced by any allowance, prepaids, or other concessions to Buyer(s). 29. ❑ $ 30. ❑ Seller is not being asked to provide compensation to the Buyer's brokerage. 31. The Seller's willingness and agreement to compensate the Buyer's Brokerage at closing does not create any type of exclusive duty, 32. representation, relationship, or agency agreement between the Seller and the Buyer's Brokerage other than Seller's obligation to 33. make payment as set forth herein. It is the intent that both Listing Brokerage and Buyer Brokerage are third party beneficiaries, 34. only to the extent that compensation to the Brokerages is provided for, to the Purchase Contract by and between Buyer and Seller. 35. Payment of Buyer Brokerage Compensation and Seller Brokerage Compensation in accordance with this Purchase Contract and 36. the separately executed Listing Contract and separately executed Buyer Agreement is a condition of closing. By signing this 37. agreement, Buyer and Seller acknowledge they have read and understand this agreement and agree to the terms as stated. 38. Compensation is negotiable between the parties of a transaction and is not set by law. 39.OTHER TERMS/CONTINGENCIES 40. 41. BUYER INITIAL 06/12/26 INITIAL E-1SELLER INITIAL 06/15/26 INITIAL 8:44 PM CDT dotloop verified 8:41 AM CDT dotloop verified Page 681 of 853 dotloop signature verification: dtlp.us/o1 rR-Rg8q-wpuN Page 2 of 5 Pages PROPERTY 2527 Washington St, Dubuque, IA 52001 Address City State ZIP 42. The Purchase Price is be paid as follows: (Check the Appropriate Box(s)) 43. ❑ CASH to be paid on settlement date. This offer is not contingent upon Buyer obtaining financing. Seller has right to receive 44. verification of funds. Proof of funds (check one) ❑ attached ❑ delivered by_ ❑ Other 45. Buyer is responsible for all settlement fees, including any FinCEN reporting fees. 46. FINCEN REPORTING REQUIREMENTS. In the event the contemplated transaction requires submission of a Real Estate Report 47. to the U.S. Department of the Treasury Financial Crimes Enforcement Network ("FinCEN Report"), the parties to the transaction 48. (Seller(s) and Buyer(s)) shall, within seven (7) days of receiving a request for FinCEN information, provide the Reporting Person 49. with all information necessary to comply with the reporting requirements. Any Buyer or Seller who fails to provide the requested 50. information for themselves or their entity shall be deemed in breach of this Contract. Unless otherwise agreed, Buyer shall be 51. responsible for all fees and costs associated with any FinCEN reporting requirements. 52. ® FINANCING This contract is contingent upon the Buyer obtaining a written commitment for financing with 53. terms as provided in lines 54-62 of this contract. 54. ®Conventional []Conventional Insured 55. ❑ FHA OVA 56. ❑ Land Contract(terms as follows) 57. []OTHER_ 58. If Buyer provides written proof Buyer is unable to obtain financing, this contract is terminated and earnest 59. money returned. 60. DOWNPAYMENT 3 (%) percent (or) $ INTEREST RATE not to exceed: 7.2 % per annum 61. TERM OF MORTGAGE/LOAN 30 years. DATE FOR FINANCING CONTINGENCY RELEASE: Or 62. Within 35 days after Accepted offer 63. If Buyer does not make timely delivery of said contingency release by lender approval/commitment letter or Buyer signed 64. release, then Seller may terminate this offer by written notice to Buyer. 65. PRE -APPROVAL LETTER (check one) ® attached ❑ delivered by_ ❑ Other 66. Broker may continue to offer and show the property for sale and Seller may accept backup offers until settlement. 67. SETTLEMENT. Settlement shall occur and legal possession shall be given on or before Date: Or, 68. Within 60 days after theaccepted offer 69. OCCUPANCY. Occupancy shall be given to Buyer (choose one) ® at settlement, or ❑ Date: 70. THIS AGREEMENT IS ALSO SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS: 71. TRUST PAYMENTS. It is agreed that at time of settlement, funds, up to the purchase price, received from the Buyer and/or 72. Buyer's lender may be used to pay taxes, other liens and expenses associated with this transaction, same to be handled under the 73. supervision of the Listing Broker so as to produce marketable title. Seller hereby appoints the Listing Broker, escrow company or 74. lender to receive such funds and make such payments and disbursements. 75. REAL ESTATE TAXES, SPECIAL ASSESSMENTS, AND CHARGES 76. Unless otherwise agreed to in writing, all Real Estate taxes due and payable prior to and including the settlement date will 77. be paid by the Seller. Buyers shall be given a credit for such proration at closing (unless this agreement is for an installment 78. contract) based upon the last known actual net real estate taxes payable according to public record. However, if such taxes are 79. based upon a partial assessment of the present property improvements or a changed tax classification as of the date of possession, 80. such proration shall be based on the current millage rate, the assessed value, legislative tax rollbacks and real estate tax exemptions 81. that will actually be applicable as shown by the Assessor's records on the date of possession. All Real Estate Taxes due and 82. payable after the settlement date will be paid by the Buyer. All special assessments that constitute a lien at the time of settlement 83. of this offer are to be paid by Seller. All charges for solid waste removal, utilities, and assessments for maintenance attributable to 84. Seller's possession are to be paid by Seller. All liens caused by Seller(s) ownership, such as mechanics liens, mowing, snow 85. removal, etc. are to be paid by Seller. All subsequent taxes and special assessments are to be paid by Buyer. Interest, rents, 86. homeowners' association dues and assessments, unused fuels, and other appropriate charges shall be prorated as of the date of 87. settlement. Accrued income and expenses, including taxes for the day of closing, shall accrue to the Seller. 88. INSURANCE. Seller shall bear the risk of loss or damage to property prior to settlement or possession, whichever 89. first occurs. Seller agrees to maintain existing insurance, and Buyer may purchase additional insurance. In the 90. event of damage to the property prior to settlement in an amount of not more than 5 percent of the selling price BUYER INITIAL oA a INITIAL SELLER INITIAL /W INITIAL 06/15/26 8:44 PM CDT 8:41 AM CDT dotloop verified dotloop verified Page 682 of 853 dotloop signature verification: dtlp.us/o1 rR-Rg8q-wpuN Page 3 of 5 Pages PROPERTY 2527 Washington St, Dubuque, IA 52001 Address City State 91. Seller will be obligated to repair the property and restore it to the same condition that it was on the date of this 92. offer. If the damage should exceed this amount, Seller shall promptly notify Buyer in writing of the damage and 93. this contract may be terminated at the option of the Buyer and earnest money returned. 94. Should the Buyer elect to complete the transaction despite such damage, Buyer will be entitled to the insurance proceeds relating 95. to the damage, plus a credit towards the purchase price equal to the amount of the Seller's deductible on such policy. However, if 96. the sale is financed by a land contract or a mortgage to Seller, the insurance proceeds shall be held in trust for the sole purpose of 97. restoring the property. 98. INCLUDED PROPERTY (if any). All property that integrally belongs to, are specifically adapted to, or is part 99. of the real estate (except rental items), whether attached or detached, such as but not limited to, wall to wall 100. carpeting and vinyl, light fixtures and bulbs, ceiling fan(s), bathroom mirrors, shades, rods, blinds, awnings, 101. shutters, storm windows, storm doors, screens, plumbing fixtures, automatic heating equipment, air conditioning 102. equipment (except window), door chimes, alarm devices, built-in items and electrical service cable/fencing, garage 103. door opener and control(s), other attached fixtures, radio and/or attached TV antenna/dish and complete TV mounting brackets, 104. fencing, trees, bushes, shrubs, plants, garden bulbs, water heaters and softeners, sump pumps, attached or fitted floor 105. coverings, installed security systems, central vacuum systems and accessories, in -ground lawn sprinkler systems and 106. component parts, built in appliances, fences, fireplace screen, fire grate and attached equipment, appurtenant 107. structures or equipment, storage buildings, rural water membership shall be considered a part of real estate and 108. included in this sale. OTHER INCLUDED ITEMS: 109. 110. 111. EXCLUDED PROPERTY AND RENTAL ITEMS (i.e. water softener, LP or other gas tank):_ 112. 113. DUTIES OF PARTIES: 114. Seller and Buyer acknowledge and agree that REALTOR®/Broker(s), its affiliated licensees and employees: 115. must respond to all questions of the parties; however, they are not required to discover hidden defects or give 116. advice on matters outside the scope of their real estate license; make no (and Seller and Buyer are not relying 117. upon) representations or warranties as to the physical or mechanical condition of the property, its size, value, 118. future value, income potential, whether the basement is waterproof, etc.; are not qualified to advise on questions 119. concerning the condition of the property, the legal sufficiency, legal effect or tax consequences of this document 120. or transaction. For such matters, Seller and Buyer are advised to consult the appropriate professional(s). 121.Seller and Buyer acknowledge that the Seller of real property has a legal duty to disclose in good faith material 122.adverse facts and material defects of which Seller has actual knowledge and which a reasonable inspection by 123.Buyer would not reveal. Buyer has the right to obtain inspections, survey and measurements at Buyer's 124.expense. Buyer is advised to request that special provisions be written into this contract prior to signing, to cover 125.any and all conditions which Buyer might consider to be questionable or problematical (whether such be 126.inspection for termites, drainage, water and soil conditions, adequacy of structure or any components, zoning, 127.boundaries, utility connections, or any other matters). Professionals are available within the community to consult regarding 128.these and many other issues relating to your transaction and you are encouraged to consult with such professionals on an 129.as needed basis. By acceptance of the Offer, the Seller warrants and represents: That Seller has disclosed notice or knowledge 130.of any planned public improvement which may result in special assessments or other liens, that no government agency has 131.served any notice requiring repair, alterations or corrections of any existing conditions not previously disclosed. This 132.representation of Seller shall survive the settlement of this transaction. In the event the Seller pays directly any compensation to 133.the Buyer's Agent, the Seller hereby affirms by executing this purchase agreement that they have been informed of their 134. obligations under 42 U.S.C. 4852d and is aware of his/her responsibility to ensure compliance. 135. JOINT TENANCY IN PROCEEDS AND IN SECURITY RIGHTS IN REAL ESTATE. If Seller, 136.immediately preceding this offer, holds title to the property in joint tenancy, and such joint tenancy is not later 137.destroyed by operation of law or by acts of Seller, then the proceeds of this sale, and any continuing and/or 138.recaptured rights ofSellerin real estate shall be and continue in Seller as joint tenants with rights of survivorship BUYER INITIAL 11 1v INITIAL SELLER INITIAL oe INITIAL 8:44 PM CDT 8:41 AM CDT dodoop verified dotloop verified Page 683 of 853 dotloop signature verification: dtlp.us/o1 rR-Rg8q-wpuN Page 4 of 5 Pages PROPERTY 2527 Washington St, Dubuque, IA 52001 Address City State 139.and not as tenants in common; and Buyer in the event of the death of either Seller agree to pay any balance of the 140.proceeds of this sale to the surviving Seller and to accept deed from such surviving Seller. 141.CONDITION OF PROPERTY. Seller agrees to remove all debris and all personal property not included herein from the 142.property by possession date unless there is a prior written agreement by the parties. The property shall be delivered to 143.Buyer on the date stipulated above swept and vacuumed and ready for occupancy. At a reasonable time before settlement 144.as pre -approved by the Seller or Seller's agent, the Buyer shall have the right to inspect the property to determine that there 145.has been no significant change in the condition of the property, except for ordinary wear and tear and changes approved by 146.the Buyer, and any defects Seller has elected to cure have been repaired in a good workman like manner. 147.SURVEY. Buyer may, prior to settlement, have the property surveyed at Buyer's expense. If Buyers elects to 148.have the property surveyed, Buyer will have the survey completed at least seven (7) business days prior to the 149.scheduled settlement. If the survey, certified by a Registered Land Surveyor, shows any encroachment on 150.property, or if any improvements located on the subject property encroach on lands of others, such encroachments 151.shall be treated as a title defect. 152.REMEDIES OF THE PARTIES - FORFEITURE - FORECLOSURE 153.If Seller fails to fulfill this agreement, Buyer has the right to terminate the contract and earnest money shall be returned to 154.the Buyer. 155.If Buyer fails to fulfill this agreement, Seller has the right to terminate the contract, all payments by Buyer may be forfeited and 156.retained by Seller as provided in the Laws of the state in which the property is located. In addition to the foregoing remedies, 157.Buyer and Seller each shall be entitled to any and all other remedies, or action at law or in equity, including foreclosure and 158.the party at fault shall pay costs and attorney fees, and a receiver may be appointed. 159. ABSTRACT AND TITLE. Seller shall furnish Buyer an abstract of title, or policy of title insurance, in 160.conformity with this agreement and land title law of the State. If abstract does not show good merchantable 161.title to said property, free and clear of all liens and encumbrances, not expressly waived or assumed by the Buyer, 162.Seller shall correct defects in title before settlement is made. Municipal building codes and zoning ordinance or 163.mineral reservations and public easements shall not be construed as title encumbrances. Seller shall pay costs of 164.additional abstracting and/or title work due to act or omission of Seller, including transfers by death of Seller 165.or assigns. Marketable title to be established by the existing land law and title standard of the state in which 166.the property is located. 167.COURT APPROVAL. If the property is an asset of any estate, trust, conservatorship, or receivership, this 168.contract shall be subject to Court approval, unless declared unnecessary by Buyer. If necessary, the appropriate 169.fiduciary shall proceed promptly and diligently to bring the matter on for hearing for Court approval. In this event 170.a Court Officer's Deed shall be used. 17LDEED. Upon payment of purchase price, Seller shall convey title by warranty deed or other instrument that is 172.required by Buyer's attorney. 173.GENERAL PROVISIONS. In the performance of each part of this agreement, time shall be of the essence. This 174.agreement shall be binding on and inure to the benefit of the heirs, executors, administrators, assigns and 175.successors in interest of the respective parties. This agreement shall survive the settlement. Paragraph headings 176.are for the convenience of reference and shall not limit nor affect the meaning of this agreement. Words and 177.phrases herein, including any acknowledgement hereof, shall be construed as in the singular or plural number, and 178.as masculine, feminine or neuter gender, according to the context. 179.NOTICE. Any notice required under this Agreement shall be deemed delivered when it is received or provided 180.either by hand delivery, facsimile, electronic communication or certified mail. Persons designated for receipt or to 181.give any notice shall be Seller(s) and Buyer(s) at the addresses set forth below or their Broker or Agent. 182.Electronic or facsimile transmission sent to the other party or to the appropriate Broker, followed by electronic or 183.faxed acknowledgement of receipt, shall constitute delivery of signed document. 184.ENTIRE AGREEMENT. This document and attachments contain the entire agreement of the parties and supersedes all 185.prior offers with respect to the property. This Offer may be modified only by a written agreement signed and dated by 186.both parties. This Offer for Real Estate shall not be assigned by Buyer without the written consent of Seller. BUYER INITIAL 06A INITIAL i� SELLER INITIAL W INITIAL 06/15/26 8:44 PM CDT 8:41 AM CDT dotloop verified dotloop verified Page 684 of 853 dotloop signature verification: dtlp.us/o1 rR-Rg8q-wpuN PROPERTY 2527 Washington St, Dubuque, IA 52001 Address City Page 5 of 5 Pages State ZIP 187.MEDIATION. In the event of a dispute, Buyer and Seller agree to consider mediation as an alternative to 188.initiating legal action. The mediation will be conducted in accordance with the rules and procedures of a mutually 189.agreed mediation service. Even when utilizing mediation, parties may still seek legal remedies. 190.ACCEPTANCE. When accepted, this offer shall become a binding contract for the sale and purchase of the 191.above described property and the professional service fee(s) shall be due to the Agent(s) in accordance with the 192.Exclusive Listing Agreement, Buyer Agency Agreement or other written commission agreement, between either 193.party or their Agent(s). This Offer shall not negate or change any of the conditions or terms of said Agreement(s), 194.which, by this reference shall remain in full force and effect through the settlement. 195. DAYS DEFINITION. For the purpose of this contract and any attached documents the term "days" means calendar days, 196. unless otherwise stated. 197.If this offer is not accepted by Seller on or before 5:00 ❑a.m. or ®p.m. Date: 06/17/2026 the offer shall 198.become null and void and earnest money returned to Buyer without liability on the part of said Agent(s) to either 199.party. 200.This offer was presented to Seller by Sharon Gaul/EXIT Realty Unlimited at 2 .m. or ® p.m. Date: 06/13/2026 201.The foregoing offer is (check one): ®ACCEPTED []REJECTED []COUNTERED IOwWO&zt�a, dotloopverified 06/12/26 8:44 PM CDT 72XS-07LT-MFXT-JNAB (Buyer's Signature) DATE: (Seller's Signature) dotloopverified 06,15,26 8.41 AM CDT YSOG-6WXQ-JITF-XHJY DATE Jacob Bedtka Madeline Haverland, City of Dubuque- Housing & CD Director Print Name (First Name, Middle Initial, Last Name) Print Name (First Name, Middle Initial, Last Name) DATE: Print Name (First Name, Middle Initial, Last Name) Print Name (First Name, Middle Initial, Last Name) Address/City/State/Zip Address/City/State/Zip Teske Sharon Gaul EXIT Realty Unlimited EXIT Unlimited (Buyer's Agent) Office (Seller's Agent) Office Buyer Attorney Name: Buyer Email/Phone #: Revised 2/26 Seller Attorney Name: City Attorney Brumwell i(comsn.com OCopyright 2026 East Central Iowa Association of REALTORS for Member Use Only Page 685 of 853