Sale of Property at 1501- 1503 Bluff Street_Winn Copyright 2014
City of Dubuque Items to be set for Public Hearing # 1.
ITEM TITLE: Sale of Property at 1501- 1503 Bluff Street
SUMMARY: City Manager recommending that a public hearing be set for October 5,
2015, for the purpose of disposing of City-owned real property at 1501 -
1503 Bluff Street to Ethan D. and Valerie R. Winn.
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 October 5, 2015
ATTACHMENTS:
Description Type
❑ Sale of 1501-03 Bluff Street-MVM Memo City Manager Memo
❑ Memo Staff Memo
❑ Notice of Public Hearing Supporting Documentation
❑ Counteroffer Supporting Documentation
❑ Resolution Resolutions
THE CITY OF Dubuque
UBE I
erica .i
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 1501-03 Bluff Street
DATE: September 14, 2015
Housing and Community Development Department Director Alvin Nash requests the
City Council schedule a public hearing for October 5, 2015, for the purpose of disposing
of City-owned real property located at 1501-03 Bluff Street to Ethan D. and Valerie R.
Winn for the appraised value of$75,000.
1 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 & Community Development Department Director
THE CITY OF Dubuque
AII11-America CiI.ty
UB E1
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 1501-03 Bluff Street
DATE: September 9, 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 1501-03 Bluff Street.
Background
In October of 2014, the City Council authorized the Housing Department to purchase
1501-03 Bluff Street from the Washington Neighborhood Development Corporation
(WNDC), who was trying to liquidate their properties. At that time, the City was
owed $88,469. The City received $30,000 at closing, with the ultimate goal of
recouping the balance and other accrued debt when the property was sold.
Since the City's purchase, the City had to put in additional funds to bring the
property back into rehab standards and prepare it for sale. Those additional funds
total $19,194, bringing the total investment to $77,663.
The City has an offer to purchase.
Program funds utilized to rehab this program years ago for WNDC and now recently
was Community Development Block Grant (CDBG). By selling this property we will
be putting funds back in to the CDBG funds to be reused as in the past for CDBG
eligible activities.
Discussion
An offer has been made by Ethan D and Valerie R. Winn, to purchase the property
at 1501-03 Bluff Street for $75,000, in accordance with the value established by an
independent appraiser. The City will not recover the $2,663 difference from the
$77,663 investment. The buyers will receive an incentives package to assist with
closing costs and other related costs in the amount of $5,000 to be given as a grant,
there will be no portion of these funds paid back. A restrictive covenant has been
recorded by the City as approved by the City Council, that they will reside on one
side and rent the other side. Pursuant to CDBG regulations, the buyers have to be
below 80% median income at the time of purchase and the rental household must
also be under 80% median income. The buyer have agreed to such terms.
Total financing to Ethan and Valerie Winn will be provided through a first mortgage
from American Trust and the owner's downpayment. The City will not be financing
any other part of this transaction.
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. 322-15
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 Purchase/Rehabilitation/Re-sale Project; 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 Ethan and Valeria Winn; and
Whereas, by accepting this offer to purchase, the City of Dubuque's objectives of
increased home ownership 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:
The Easterly 90 feet of the Northerly 40 feet of Lot 3, and the Easterly 100 feet of
the Southerly 2 feet of Lot 4 in D.N. Cooley's subdivision of out lots 667, 668 and 669
in the City of Dubuque, Iowa, according to the recorded plat thereof:
1501-03 Bluff Street (the Property).
Section 2. That the City of Dubuque, Iowa, proposes to dispose of its interest in
the Property to Ethan and Valeria Winn for the sum of $75,000.00.
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 5th
day of October, 2015, at 6:30 o'clock p.m. at the Historical Federal building, 350 W.
6th Street, Dubuque, Iowa.
Passed, approved, and adopted this 21st day of September, 2015.
Attest:
1t 9/25
i•
nn V. Sutton, Mayor—Pro Tern
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 5th day of October, 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 Ethan and Valeria Winn:
The Easterly 90 feet of the Northerly 40 feet of Lot 3, and the Easterly 100 feet of
the Southerly 2 feet of Lot 4 in D.N. Cooley's subdivision of out lots 667, 668 and
669 in the City of Dubuque, Iowa, according to the recorded plat thereof—
1501-03 Bluff 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. 13th 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), (Year). (date of publication)
Kevin S. Firnstahl, CMC
City Clerk
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34.NOTE- PmvW=from a Coustal0fler may be hwkded by sap of&*entkeprovhdou or hwarporadw
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36.Number ofthe provision at thet fim containing the pm..isim
31.NOTE.- Number this Courdwwoft sequamWly,al.Coves e r XM I by Seiler,tw D fear 2 by Buyer,etc.
4 Tfl o *Copyrig&2d 10 Ct lovm Muttipto Listin Se Mc* For Member Use Only
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II ftems,below must be considered vift the sale of 160J-1 603 Bluff
Purchase .
Must be ebuyers and renters have to be Income
below)
Household's Income(Including but not limited to S.S.;SSI;unemployment child
suppcxt and any kftut earned off Investments) rat exceed the RAcw*V.
1 pemon $37.000
$4�2250
3 $41p
$62
Buyers must contribute at least 3 f the actual purchase price($-2AW.
Workshop,Buyers are obligated to aftend the HOME see attached
Must be able to get bank I'mincing from reputable lending
be 30 a lixed mts.
Rent cannot exceed Fair Market Rents(FIVIR)for Dubuque. Ex.
$9W with .
being
c the Utilities alkwramein sheet that is attached heroto.
City Coundl approval(2 ,I It one Is requesting the public hearing be set to sell,
VO one to I` 0 days to cls
Total . Investment$100,050.including$23,550 in Lead Based Paint
Program
Allowances for UA Departntmt W Housing �7
Uffitles and Men Dmileprmint
and Other Services PuM and Ind6i
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differentLearn savings occounts available and basic Dept. —3rd Floor
baMing ills ftm openingto closingHistoric 1 Building
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The,EneW Wise Take A Closer Looki
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Find to avoidrenting i 4°mongy pito by please call City of Dubuque
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1
PURCHASE CONTRACT Page 1 of 4
A LWAL BDVD17VG DOCVMBNT LFNOT UAMMWD SEWLEVAL AD kTCE
DATE CF O
AGENCY N ON — N
1. is t is
A £ t
2. a sirelt
3. or r Buyer as ?,
4. Buyerand SeDWOOD&M that wrl#m disclosures of 29CDcYrq=sentWon wemprovided
to theM theyundergand
S. who%yepreseaft them wW the disclumes WereptWded prier to siping a&off
cTF
or Reg p
6. DOCUMENTSA A PURCHASE CONTRACT
9.
& Base Paint Disclosure
9. Addendum
p Ltiscl of
Cont
1& Pddend=toP%svhwcA,
ngenqddendum
11.
12.
13.i3 SELLER)
iso as
14. as BUYER)
1S. your wn as ,�,
Addws
.s to of
19 Uft 2�
1S° folF se in be held in trust by
19. ,moncy shall bt
2ti. �- of a a Dalai ie as In of
22. of c hes Cita, mai of shall
22. a3a' at In 13u S
` ayf
24.The
23.
23, ta►be o is ca: a o
26 to
e' of
27° XFM&emktract 12=MW&t 11POn SO Bayer obtaining a
is lines 3&U of n
29.
30.
31. OVA
32• am follows}
33.
34. 1fBvMF`ravidt3 wrftft PrOdBuYerls,unable,to obtain ftancing,this contractIgterminated and earnest
35. Monty ret
A £ (%)percent(or)S INTEREST RATE not to exceed: °/s ver annum
37.TERM OF MU CAG years. DATE FOR FWANMG C014MNGXNCY /✓.°I
38.If Bayer does not make thucly deLvery ofsaid coed agena y release,then Seller may terminate this ofkr by w
rittra
39.notice to Buyer.
4d,PRE—APPROVAL LETTER(check one)14aftacheco delivered by®l !�
41.All usual costs incurred in Seturing such moftage&Tall be*d by the Daya ompt Seller to Py sap is�
42.WVFurds Bu Ye"a • costs and prepaid items.
43.OTIM TERMSICONTINGENCMS
B TIYtfi vJ SEL ]NIT L
Pale2 of 4 Pages
PILOPMW
Addna
C* 23P
4S.broker way ift
nae to offer and show the property for and Seller t p ec
o until settlement
shall d lftg pogsamou dWl be paa81 of DaW.L1
4Z OCCUPANCY.Occupancy shall be given to B (choose or Daie !
AGREEMENT49L TMS IS ALSO SURRCT TO THE FOLLOWING TnMS AND
49.TRUST l."A .It is at time of t® received CONDITIONS:
m the
50.Buyer=Nor Buyer's)ender mq be used to pay uns,ofiw New and cipensta associated
5I=husacdon.More to be handled under the supervision of the Listing Braker so as to produce markeudile&k.
S2.Seller hereby appolm the Listaig Broker,escrow company or lender tce recein such hads and make such
53.payments and disbumemenm
St RX"XSTATZ TAXES,SPECIAL ASSESSMENTS, CIRAxCFS
S&Uniess se Wced to in W&iDL all Real Estate=99 due and payable prior °
ll
56.be paid by the Solla.Any taxes that cannot be paid to as Tftwmcr at the time of settlement be the
• Any suclipmqates will be baftdQn current Millage rater,ciaremmll backs,and currentassessed
t+y. All Red Estate Tiores due and payable athrthe scalmicat date will
assessments59.be paid by the Buyer. All speciid at on time ofsenjament offt offer we to be paid by
68 .All chaps fbr solid wasic removal, le,to Se 's
61.possession am to be paid by Seffer.All liesis caused by Se s)vmersNp,mwh as mechanics li
62.temmal,er-are to bepaid by Seller.All subs"acrit wres and special amessmem am to be paidyer. renis,
63 h0mwvnW n dues and 33stsimeaft.unused fials,and be pivrated as of
64.the dare ofsettlemerit. Accrued ham %inchWing Uses for to day ofolosing,shall accrae to
65.Seller,
INSURANCK Seller shall bear the risk of less or damage to preperty prkw to afflenlent or possession,whichever
67 first occurs Seller agrees to majnWn exhtleg irwrai",and Buyer may Purchaw additionalinsurance. in
68.event Gfd&MAP to the property prior to settlemeat iffi an amount of not more thao 5 percent afthe,nftg price
69.Seler to repair the properly and remare it to The am con&tiaa dud it was an the date of
78.offer.If the dimisp should mead this amount,Seof the
ssid
71. at _' er M
72.Should the Bu3W elect to cmphft 1he timmetion deaphe such damage,Buyw will be arritledto dw ionwance proceeds re
73.to to darnagr,plus a credit towards the purchase price equal to the summit ofthe&Dees deductible an such policy. ,of
74.1he sale is financed by a lad contract art inarigage to Sebeholdin trow farthele peepm of
7S reficaring the
property.
76.INCLUDED PRO (if .All pmperty that in tar to,or is
77, put
of ° r . I to, to wall
78-carpeting and A 1, fawns a g)' b
79.Amul,storm windows,storm doom screaft.plumbing ffxftM a
SO.equipment(mept )r door chimes,idarm devices,bmk-m ium and electrical ct eablelleo=&gamp
$1.door qxmw and s�other atwhed fixtuns,radio andlar stractwil TV receivingrt%tencing,
Al bushm shrubs,plats,garden bulbs, or covarfn
93.k1iHnOd s cent vacua accessories, and kwn sprinkler system and
$4.component panss,built in appliances,ftces,111VIRCO saftli,fire Pita and attached epipment,appurtenant
85 es or equipmen4 storage builduqm and rural water membership sball be considered a pan ofreal estate and
included in this sale.OTHER iNCLUDED PfEMS-
89.
Sm89. CL ]ED PROPERTY AND RENTAL ITEMS CLe.water roftener,LP or outer gas tank): - ---
90.
BUYER IMTL4,L ltaTd � SELLER
�O
POP 3 of4 Pago
7 15-IM
mormy D4
Address civ---ipl
91.D SO
SeNer and Buyer adizowledge and"1hat kEALT0RWW*,er(z).Its affiliated licensees and amploycer
93.must rcsPOW to alt questiON Of the PztW;however they are not required to discover bidden defects or on
94.AftcV On mm=OUW&the WOPO Of 61W real csbft home-.mab no(and Seller and Buyer m not relying
95-Upon)r*m=WGW Or Wwranties as to*9 Physical or mechanical condition of the propeiV,fis size,vahr,
%,fture value.Mcorne potential,who*=the basetnent)z vaterpr*4 at,are not qualified to advin on*asdons
97-concorniq&the condition ofthc pvpcM, he legal suffidency,legal eflect or tax caLwquenoes ofthis d=nnent
98.or transaction.For such matt"%Se Ncr sad B"a areadvised to consult the appropriate pro[ fix).
99.Seller a a d Buyer aeltnowlefte dan:the 9011or of real Property has a legal duty to disclose in pod fift material
Mikhmse facts and maerlal defixto of which Saw has actual lawwledge and which a reasonable Inspection,by
1013uyer would not ravool.Buyer has tie riot to obtak Inspections,survey amdmeasurements at Boyce#
102-expease.Buyer is a"sed to request thit special prowWons be written into thlo contract prior to Aping,to cover
103-RaY Rod All c0adit[00 Wbkh Buyer nfight consider to be quesdomblo or pimblemadcal,(wbe*a such be
104-fospection for termites,drainage,waor and soil couditionik adequacy ofshwon or any compments,zonfas,
105boundw*atility connections,crony otherzaattm� ProfoodonalsareavoilablDwithin the convaunityto Cana&
106.regardingthese and many other isms relating to your traoxwtim and you we encouraged to consuftwitlL smh
107-professionals on an as needed beds.By acceptance of Offer,the Saw warnints and representr Thot Seller has
IOSAisclosed notice or knowledge of any placed public Improvement which may result in special assessments or other
1091MUS,that no 90vmment agency has served any notice requiring zzpak alteratIons or cwtWous ofary,existfag
I 10.coaditions net previously disclosed.7bis represcutatim of Seller shall survive the uttlement of this trusection,
111.JOINT TENANCY IN PRCK=S AND IN SECURM RIGHTS IN REAL ESTATE.XSeffor,
M' this offer,holds fift to fbeproperty ioloftimency,and sacbjoint tansaM is not later
113.dwav;3W by Operation of law or by acts of Saw,then the procecdg ofdlb ulk sad any cougming andlor
114-mceptured flAft ofSoller in real esW*shall be and coadaut:in ScRa asjoiat umants wi& job of sunivarft
11 SAWd not as terumb in common,and Bayer in ffie MW of doetit ofeither Seller agree to pay my balance ofthe
11 fiprocceds Ofthis Oak to dw SUrviving Seller and to accept deed fi=such staviving Sonw.
117-CONDMON OF PROPERTY.SOON arm to remove,all,dalsis and all petumal propaty not inclacied herok fim the
115property by possession date unless thm is&prior written agreement by the partim 7b*property shell be delivered to
119-BuYer On The date stipulated above nrept and vwumned and ready for oc;cupsncy.At a reasonable time hot=settlement
12OAspre-approved,by the Seller or SenWg Mayt the Bu3W"ban tbe rWg to inspect the property to detannine that dun
121 I=bow no sigafficaut chane in the condition of the property,except far ordinary weer and tear and changes appvvW by
1 1h Buyer,and my du&cb Sellerbas ejected to ewc have been repaired in a pod w"Inuen Mce manner.
WSMVEY.Bu)W may,pnor to settlemank have the property naveyed,at Buyeegespma�ZBOYM CIMS to
124.1ave the prop"sumy:cd,Buyer will hm the survey completed st least gevan(7)businessprior to the
125icheduled UttlCMDOULIfthesurvey,catifiedleyaltzg1steredLand Surveyw,shows amyoumadmaton ,
126.property,or if any impmventents kwgW on the s*W juapaV enernuh on an&of others,such encroaclormu
127.sW be treated as a"defect
12LREMEDES OF THE PARTIES-FoRyEITURZ.FoRpA3A)SURZ
1290 Seller fails,to fulf M this affeement,Buyer has,the right to tondnaft c ctandw ra be
138.the Buyer. the Own nM oney" returnodto
131.1fRuyer&&to NEI this BgmmmA Seller has the right to terminate the contract all Payments by Dwyer may be lbriefted and
132.rctained by Soft as Provided in tha Lm of state in which 66 property is located.In addition to die foregoing vemedlek
1333wya and Saw eacb shall be catifled to any mid all other remedim or action at law or in equity,including ftookwore and
134.9m party at fault shall pq cast&and attorney fees,end azeceiver may be appointed.
135.ABSTRACT AND MIX Seller shall f=M Buyer an abstract of Me,or polloy of title,irourzacci in
136.tonftmky with this agrearngnt and iond f6c,law of the State. If abstract does not show good merchantable,
137.titfa to said propaly.Doe and cleor of all Men and eneumbroacm not=pressly walved or assumed by the Buyer,
13&Sefler shaH correct defects,in*k before settlement Is made. Mw!cW building codes and zoning otdinance or
139ininera)reservations and public casements sheill not be construed as "&encuraNmro". Saner dapa y o, of
am
140.udditional abstracting and/or title,vxffk due to act or omission of Seller,including umsfers by death of Sellar
141.or assigns. Mwketable We to be established by the existing land law and title standard of the state in which
142.the property is located.
BUYER INITIAL INMAL SELLER MTUL,
'IMTIAL
Page 4of4 Pages
1°1101?
d
113. T V Lf is an of any estateY . ,
1 laC to 8 S tared 1lnyer Ifnecessary,
145
dilig y f�hewing for Cam approvaL In ft event
.a COW Officat'a Deed sW be used.
147.DZED.Upon pyacat of pinchm price.Sellersholl convey title b5'warranty dead or other inauument lat is
1 by D&WWs attafty.
149-GENERAL PROVISION&In to performance of each part of e mhall be of the essence.This
be binding an and Jmn to the baw&of the heirs ay-s,administrators,assigns and
151.succcssm in i3t0ted of 'Phis affecment shall Survive the scukinent hadingS
152 convenience of and ` nor c t of . W
151.phram hervh%includacknowledgement hatw4 sholl be consumd as in&a xhWlW orphaw amber,and
1 • ►acd' to the
1 NO Any o g requiredAgreement&UH be deemed delivemd who it h rcceivaii or provided
156.alther by hand
y, nic communication or cwdfwd maA.Paw=designmed for rmipt or to
151give Seller(s)and B aj at the addresses set h0h.bolow or their Brofor or Aseal.
IftEl9cuutdc m to the o4her porty or to*0 Wfopdate Brekw,followed
by clectonle or
159.hxed acknowledgeraeut ofrace4t.sW Constitute delivery of signed
1 .Un document and attadhments contams the etifire agreemmt of&a parties and supersedes all
141.prJor offam wA ramped to the be moMed ouly by g wftm agramunt Signed and dated by
IjQboth parde&This Offer for Reel HOU shall not be assigned by Buyer without the writteu owmwt of Sel
1 IAA To fs Seller to oonsider as to1 . will be conducted in 4000rdeom with the rules and procedws of*anutually
165igmed snadiation aeMce,Even when utilizing tned` . 'es may still seek I*g
1 o shall a hr&a s � oftbe
1 .a d ibe nel s) bedue to the s ce withthe
1commission agroen=4 between elther
1 conditions or terms ofadd s
170. by in
171,ICt&ia o by Sellar an or before M.or ama.Date: LWI I A:- of for Shan
172.bacamest d money returned,to Buyer without BnAffiftenn peft ori-aid Agent(s)to efta
173.
174-1YW of Nr Was presented to SeDw by ---at---p 11
17.5.1he foregoing ofier is(check one OACCPD, aMECM OCO
r '
} DATE: ) DATE
tBuyes s �e'erIATB (SCW4 st 3 -
RATE
� (Erne ?ate;
PROM Addma PHCNE
My. Stm ZP Cly suto ZIP
-E manA1: E.m FAX
Buyer Attomey Name:
ECLAR 1 2114 CCopyright 2010 East Central Iowa Multiple Lining Service For Member Use Only
ECTAR 24
lersoI e le Agreement
g 71m undersigned Sellers) In consideration of the stem
Of P"'-f ,and other valuable id on including the ccs nience ofboth patties,do hereby sell,assign,
assign,transfer and set over unto the undersigned Buyer(s) /17 ,
the following described Personal Property,which,will be transfwad in"as is"condition,with no warranties:
r
---------------
(herein" property-)
The Personal Property is now located at:
Street Ci 23P (ham"Real Property:)
Transfer of the Personal Property is contingen
t on Seller(s)successfiffly conveying to Buyct(s)the Real Pro
perty
described above. Buyer(s)hereby assent to becoming owner of the above described Personal property upon the
conveyance of the heal Property to Buyers). Should the trammet ion not close,this bill of sale shall be
terminated and the Buyer(s)shall no longer he obligated to purchase nor shall Sellers)be obligated to sell
tate abov �acrlbed Personal Property. 9.'
te � �
B Date• t3! I � Se Date 1 !
Buye J�. Date: et!
ECEAR 24 ill 0 C Copyright 2010 East Central Iowa Multiple Listing Service Inc. For Member Use only
R 7
INSPECTION ADDENDUM P 1 ofd Pages
RE: sa B
real estate nit2a : by and betweenthe undersigned Buyer ar ee the
La°ret 1
city state ZIP
TWS SECnON MUST BE READ,UNDERSTOOD AND INITLA
These 1,11SPections only cover conditions of the property not previously disclosed. They are not to be construed
oa inspections to bring an older home sato compliance with currentlocal building code& They are only
intended to discover RAY a r structural, a ani i,safety and health related and defecM
Additionally,vrith respectto the Items noted is said inspection reports to have r c or exceeded normal
os ass Iffe,so long as such Hems Art 1n worUng order,stick condition(s)sham not be as basis for finding that
said Items sire to a deftedve condition,and Seller shalt not be required to repair or replace such items,and
said conditions(s)shan riot tGusthate groundsfor termination of the rcha Con
-If Buyer don not complete any of the Inspections within the time fmes
rx Agreed tea,
to accept e in®' " d live to than inspection.A of ` ens a
they an deemed
addendum provided to any inspector prior to a giart:orany irrs n,
NOTE.,InsPections required by FRA,VA or leader do not eliminate the need for other JX8p9Ctf0mh
We the undersigned have read and understand the information in the section above and agreeby providing our
initials.
BUYER 11 e—
xff 4z—� INITWX SELL
Lys
I. )NnUL—
ENSPECTION
a.
With ofsaid Purchase Contract,Buyer shall have the fight to conduct a hams inspection,at the
Buyer's wqxwe by a qualified independent inspector,or other specific inspection
Ins be comps rt and deliveredto Se with to �
RqmrL
O 1. or J / 2.Within/
b. B h o `ty to have as Home Ho ,Buie is�es his 7ght
to have ai a in and rel' n his(h ov ""oa as rt
of said property. er:uYet Mcam the Sella,Broker.SaIssimson and all o eef tom fro
any and all liability relating to my or deficiency affegdog the property. This °verve t8tc chain/&
2. — P-9 Radon if and SdAws Fact S or .eua.gcaaryiyeerh
a. With wri of said P contract,Buyerhave right ars a ectiors at
Buyer's to be rmcd by a licensed Inspector.
inspecliGn will be o0roplated,repart received and delivered to Seller along with to Iu
(CHOOSE ONE)I.On a before l A 2.Within days afier
b. Buyer been a ed the opportunity to have a Radon Inspection.However,Buycr hereby wai er right to
to have a radon inspection and reW upas his/her own determination as to the conditian ref said property.Further,
Buyer reteases the Self,B ,Salesperson and all otha per=s associatedwith the transfer ofreal estate from and all liability relating to any defect or deficiency sti
INSPECTION ADDENDUM l>A 2 DB I°s 2 of3 P9
PROPERTYADDRESS
staa
to ZIP
3. WTp I OAT_,, A A U APIC G Rt"tVAL"
a. :DEISTROYING
leenIn Buyer s ce of said l have the right to co a Wood yin pest.
performed by a qualified Pest Ins
'on will be 1*mP`kIAA report received and delivered to Seiler along with tiedit
pones on Rvpoxt
{ t3 1.Un or be 1 ! 2.No l days prior to closing
b- Buyer's seeking a VA L0eu which r that Seller oonduct a wood destroyingpest inspeWmat Scliea's e e
110 ho will,tfn by a pest Inspector. ton will be completed, r and red tC Buyer
"prepare a nae to inspections Report.
(CHOO O 1.On or befixtI 1 .2.No law themprior to clos'
c.
Buyer has been.aff opportunity toline�a g Pest 1XISPelctiOn.However,Buyer
hereby
waives ' ' 1 o IRlb a wood destroying gest inspection eW relics upon JiMier owndeterminationas to the
con of said ,Buyer re[ the Sell ,Broker,Salapason and all other persons
associated
Withtheof a any all ` ility relating to any d or d i cy affectingthe
�. WATER .s EST �waiver"asurv�4e g
— DER MAY REQUIRE FOR FINANCINGAPPROVAL-
'
'SAI."
aLi WithWiftien of aContract Buyer the right to conduct a wukr W perfomied by
a qualified third pitty at Bu3Ws expense,
j'AWMertest to be ComPkIed,report received delivered to Seller along with the Respouseto lespectioti Rt
(CHOOSE ONE)1. or ie 1 1 .2.ado l to dating
b. Buyer has been afforded the right to have a Water Test Pahm ed by a qualified third .,However,Buyer bcr&y
wai h' rito a water and relies hivIer own inshore as to the conditionof said pro
F ,Buyer rei the SellerBrokc4 Salesperson and allotherpersons associated with tha fer of
tedestift
fimn any and all liability relating ter an y g .x7tis waivers survive the c
5. SB IAC` ON(If y or deficiency a n Chit
Ion Code 455B.172 mandates the inspection of septic pti Systems,unless exempt,prior to the tnuisfer of propetty. 'Fitt code
applies to tiansferoff"c'PertY which includes at out but not inamamdwelling a .This' a tic
systemis not CCB to a seep.s3'
IL M Withen a of said p C $ Se go.t SYMM Inspection
fi0dpro th
inspector. vide e results
(�H#DOSE O 1. 1 b t®.2.AIo l
prior to Closing,
S wilt belts by a set tifaed A2dR ticinspector
'vim and tea Seib alon at Buyer's ,
report
S paoresa m 'on R
e. Httytr d8N I.By�1_ 2.No primo to closing.
moults oaf a S c Sys on conducted by a
C ed S Systemwhitin the appropriate two- state time
d• Il _Buyer fiame
right to have the septic System inspected by a qualified.
However, third party,
Buyerhercitywaives h7s4wrItht $septic systein inspection relies Won hls&cr own deWriumatio,
as to the condition of said property.Puithr.Buyer nka
sesthe Seller, ker,SaleVerwa and all
other permns associated
ofreaiestatef'om any al all Ifebift relating to any defw or d This
walver s survive the closing.
6° ED PA (See EpA pa h tett' rF$ ,rm n L I'a r Name)
a This contract is eonthigWupon a tiskassessmem or ins 'on of tint property for the presence of
festfbased paint
and/or paint at the Buyers expense with such Inspection to be completed before 9.00 pm.on the 111th calendar
day acceptance of nCntrantt.This contingency will terminate at the above etermined deadline
unless the Buyer,07 Buyer agent,deCiveis to the Seller(or Seller agtnt)a written contract adds listing the specific
existing deficiencies and Co ions needed,together with a copy ofthe inspection and/or risk assessment report.The
Self may,at the Seller's option,w days after delivery of the addendum,elect in writing whether to correct
the condition(s)prior to settlement.If the Seller will correct the condition,the Seller shall furnish the Buyer
with
certification from a riskassessor or inspector demonstrating that the condition has been remedied bcfae the date of the
settlement If the Seller does not elect to make the repairs,or ifthe Sella-makes a countta-offer,the Buyer shall leave
days receipt to respond to Lite counter-offer or remove this contingency and take the property in"As-is"
condition of this contract shall become term' -;»tact lead- paint Haat-i in gzaad condition is not t�eoessarily
a hazard.
BTJ�'1ER�TITIALL I1wtI a ! �1.�a SR>1.L214 i1�lIIA� )cM
INSPECT
IONI> l9TD!UJM PAGE ��Ie
Pa e 3 al'3 p
PROPERTY T°Y ADD gas
st zi
LEAD BASED P (CON-1)
b-[X Brayer has I=affird-_d the op ity 10 have a In on.However,Buyer hereby
waives
hisAer right to have a lead-based paint inspection and relies q=Nalber own determination as to the condition of
said propeq, r,.auyer reusestheSeller,Braker,SalesixTsm and all other s associated with the
transfer of real estate frons my and all liability Yclating t0 MY defect or deficiency afficling the property. This
waiver shall survive tba closing.
I RIGHT TO CURE&EpAIR Seller has the right carefrepair any defective Condition discovered by inspections re
port
asNO ex ons apply.OR
b• (fill in}
*rBuyer has excepted an arm or system fiam the ri to=Mvpsira de&ctive cGUdW= by chwUng box"b"above and if an
describes a defi=dva condition in the e=bjdod area or aysWtu,thispmhasa conbuct shall be terms
unless `se mutually agreed by the parties in writing.in the event that option-e above has been selected seroh 60 no ex ns
the cxistenre of a defective condition ll not corands Jbr tuminatiOn Ofthc Purchase Coutroct if the Self agrees t0
core and/or repak said condition.
IS SECTION MUST BE MAD,UNDERSTOOD
S. RF-NOVATION,REPAIR,OR REPLACEMENT
In the event any Of the abOva ins "oras reveal a de&ctive condition not previously disclosed,buyer will
deliver to seller Response To bas ons Repor4 together with a copy of the cornplete ins `ors (s),
ondining,whatprocedures the BWer Will require Self to complete in Order'to defective
conditlon(s). If Buyer fails to respond'within 'red , e theyagreeto accept the property in AS
IS.
c'onditi"onandforfeit any right to terminate P=hm Contract bwed On the terms outlined in the hopection
Addendum.
Seller agrees to respond to Buyer on said lkesponse,to inspecdon Repon Whbinys after rmiving the
lhs;pection Report ankResponse to Inspection Fom DBR-9 limm Buyer In ft elt Seller fails to respond as
rW0**d then theyagee to Completethe above m requiredby Buyer forfeit ri to
tmninaft the Purchase s Outlined in Addendtm
BUYERINITIA1 1Nff IALX�,J�0 SELLER
d' ��
LWUL
Buyer and Se y release Brokers �� �
disclosure 8ff"ting the Salespersons liability relating to -d t or deficiency or fospection or
,said Melva shall survive closing.
TU above Shall be attached to and made part of said Purchase of
e
BuyerDat&/ I sell s fr C t7a oa 1�ire/
Bow. Date`A Ifit Date_I_t_
1L 1 $est 17ate_/_i_
ECIAR 7 1t1 0 Copyrigbt2010 East Central Iowa Multiple Listing Service For Member Use Only