Peninsula Gam Land DonationCITY OF DUBUQUE, IOWA
MEMORANDUM
January 10, 2001
TO:
FROM:
SUBJECT:
The Honorable Mayor and City Council Members
Michael C. Van Milligen, City Manager
Land Donation from Harbor Community Investment and Peninsula Gaming
This City has been approached by Peninsula Gaming and Harbor Community Investment with an
offer ora land donation to the America's River Project of approximately 3-1/2 acres. This land
donation would allow the City to create surface parking for the America's River Project that
would eliminate the need for some of the underground structured parking that is to be built as
part of the Mississippi River National Education and Conference Center. This reduced the
amount o£money needed from the State of Iowa Vision Iowa Grant Program from $65 million to
approximately $58 million.
The City has been advised that the transaction must be completed by February 15, 2001. While
the City has not been able to do any of its own envh'onmental testing on this property, we did
review reports prepared within the last two years. It is the opinion of our environmental attorney
that our use of this property as a surface parking lot would not trigger any clean-up requirements.
For development to occur on the 4th Street Peninsula it has been the position of the City that land
acquisition and consolidation is needed. That is made more attractive in this case where the
owners are willing to provide the land as a donation to the America's River Project.
I respectfully recommend that the Mayor and City Council accept this land donation.
MCVM/jh
Attachments
Barry Lindahl, Corporation Counsel
Tim Moerman, Assistant City Manager
Michael C. Van Milligen
Prepared by Barry A. Lindah1196 Dubuque Building Dubuque IA 52001 319 583-4113
RESOLUTION NO. 9-Ol
INTENT TO ACCEPT TRANSFER OF CERTAIN REAL ESTATE IN
DUBUQUE COUNTY, IOWA FROM HARBOR COMMUNITY
INVESTMENT, L.C.
WHEREAS, Harbor Community Investment, L.C. (HCI), owns the following
described real property in Dubuque County, Iowa (the Property):
Lot 2 in ADAMS COMPANY'S 2NI) ADDITION in the City of Dubuque, Iowa,
according to the recorded Plat thereof;
And
Lots 1, 2, 37 and 38, in Block 21; and Lots 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 and
38, in Block 26; in Dubuque Harbor Improvement Company's Addition, in the City of
Dubuque, Iowa, according to the recorded Plat thereof.
AND WHEREAS, at the time of its purchase of Diamond Jo Casino, Peninsula
Gaming Company, LLC (Peninsula) obtained the right to require HCI to transfer the
Property to the City of Dubuque upon written notice from Peninsula to HCI and payment
of certain funds by Peninsula to HCI, and Peninsula has indicated a willingness to
provide such written notice and to make such payments;
AND WHEREAS, the City Council of the City of Dubuque desires to accept the Property
on behalf of the City.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA, AS FOLLOWS:
The City Council of the City of Dubuque hereby declares its intent to accept the Property,
provided such transaction is fmalized by not later than 30 days after January 15, 2001.
Passed, approved and adopted this 11th day of January, 2001.
/s/ Terrance M. Duggan, Mayor
/s/ Karen M. Chesterman, Deputy City Clerk