Sale of Property at 1421 Elm Street_Initiate Copyright 2014
City of Dubuque Items to be set for Public Hearing # 3.
ITEM TITLE: Sale of Property at 1421 Elm Street
SUMMARY: City Manager recommending City Council set a public hearing for June 1 ,
2015, for the purpose of disposing of City-owned real estate located at
1421 Elm Street to Jacob G. Robertson.
RESOLUTION Intent to Dispose of an Interest in City of Dubuque Real
Estate, Setting a Time and Place for Hearing and Providing for the
Publication of Notice Thereof
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s), Set Public
Hearing for June 1 , 2015
ATTACHMENTS:
Description Type
❑ Sale of 1421 Elm Street-MVM Memo City Manager Memo
❑ Memo Staff Memo
❑ Resolution Resolutions
❑ Notice Supporting Documentation
THE CITY OF Dubuque
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Masterpiece on the Mississippi 2007-2012-2013
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Sale of City-Owned Property at 1421 Elm Street
DATE: May 13, 2015
Housing and Community Development Department Director Alvin Nash requests the
City Council set a public hearing for June 1, 2015, for the purpose of disposing of City-
owned real estate located at 1421 Elm Street to Jacob G. Robertson for $60,000, the
value established by a market analysis.
Mr. Robertson will receive the Washington Neighborhood incentives package to assist
with downpayment, closing costs and other related costs in the amount of$12,000 as
follows: $5,000 5-year forgivable loan and $7,000 due on sale of property 0% interest.
Financing will be provided through a first mortgage from Dubuque Bank and Trust.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Mic ael C. Van Milligen
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
Alvin Nash, Housing and Community Development Department Director
THE CITY OF Dubuque
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Masterpiece on the Mississippi 2007-2012-2013
TO: Michael Van Milligen, City Manager
FROM: Alvin Nash, Housing and Community Development Department
SUBJECT: Sale of City-owned property at 1421 Elm Street
DATE: May 12, 2015
Introduction
The purpose of this memorandum is to request the City Council's approval of the
attached resolution, setting a Public Hearing for the purpose of disposing of City-
owned real property located at 1421 Elm Street.
Background
In 2013, the City made an offer to purchase the 1401-1421 Elm Street, which
consisted of a single family home and a small wooden structure known as "Angie's
Tavern". The deconstruction of the tavern was to help beautify the area, appeal to
the businesses in the surrounding area and create a much cleaner view of the area.
The funds used for the deconstruction was savings from the Fire Mobile Data
Terminal project and savings from the new management lease with Platinum
Hospitality for the Grand River Center totaling $81,400. These funds were used to
purchase both the single family home and the tavern.
Total cost to deconstruct the tavern was approximately $35,000 and rehabbing of
the single family home was approximately $14,000, using RRP funds which will be
returned once the house is sold.
We now have an offer to purchase.
Discussion
An offer has been made by Jacob G. Robertson, to purchase the property at 1421
Elm Street for $60,000, a value established by a market analysis. The buyer will
receive the Washington Neighborhood incentives package to assist with
downpayment, closing costs and other related costs in the amount of $12,000 as
follows: $5,000 5-year forgivable loan and $7,000 due on sale of property 0%
interest.
Financing to Jacob G. Robertson will be provided through a first mortgage from
Dubuque Bank and Trust.
Action Step
The action requested of the City Council is to approve the attached resolution,
declaring the City's intent to dispose of the property and set the date for the public
hearing to receive comments on the proposed sale.
KLN
Prepared by: Kris Neyen, 350 W. 6th Street, Dubuque IA 52001 563 589-4239
Return to: Kris Neyen, 350 W. 6th Street, Dubuque IA 52001 563 589-4239
RESOLUTION NO. 168-15
INTENT TO DISPOSE OF AN INTEREST IN CITY OF DUBUQUE REAL ESTATE,
SETTING A TIME AND PLACE FOR HEARING AND PROVIDING FOR THE
PUBLICATION OF NOTICE THEREOF
Whereas, the City of Dubuque has obtained certain real property in connection with
the Washington Neighborhood Incentives Program; and
Whereas, such rehabilitation is, complete and the certain real property is ready for re-
sale; and
Whereas, the City of Dubuque has received an offer to purchase this certain real
property from Jacob G. Roberston; and
Whereas, by accepting this offer to purchase, the City of Dubuque's objectives of
increased homeownership by income qualified individuals and rehabilitation of vacant homes
are further realized.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City of Dubuque, Iowa, intends to dispose of its interest in the
following legally described property:
LOT 1 OF ANGIE'S PLACE, IN THE CITY OF DUBUQUE, IOWA, ACCORDING TO THE
RECORDED PLAT THEREOF —1.421 ELM STREET
(the Property).
Section 2. That the City of Dubuque, Iowa, proposes to dispose of its interest in the
Property to Jacob G. Robertson for the sum of $60,000.00.
Section 3. That the City Clerk is hereby authorized and directed to cause this
Resolution and a notice to be published as prescribed by Iowa Code Section 364.7 of a
public hearing on the City's intent to dispose of the Property to be held on the 1st day of June,
2015, at 6:30 o'clock p.m. at the Historical Federal building, 350 West 6th Street, Dubuque,
Iowa.
Attest:
Passed, approved, and adopted this 18th day of May, 2,015.
Kev: S''. Firnstah(, City'Clerk
'Lysin V. Sutton, Mayor Pro Tem
CITY OF DUBUQUE, 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 (Day)th day of (Month), 2015, at 6:30 p.m. in the Historic
Federal Building, 350 West Sixth Street, second 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 G. Robertson:
LOT 1 IN ANGIE'S PLACE, IN THE CITY OF DUBUQUE, IOWA, ACCORDING
TO THE RECORDED PLAT THEREO — 1421 ELM 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. 131h 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 (Day)th day of (Month), 2015. (date of publication)
Kevin S. Firnstahl, CMC
City Clerk