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Holliday 3rd Addition_Stormwater Facilities Fee AgreementTHE CITY OF DUB E Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Holliday 3rd Addition -Stormwater Facilities Fee Agreement DATE: August 27, 2008 Dubuque il~ i 2007 City Engineer Gus Psihoyos is recommending consent to the assignment of interest in the Stormwater Facilities Agreement for Holliday 3~d Addition from Commercial Holliday Development, LLC to both WBBW Holliday Development, LLC and Gomer Holliday Development, LLC. I concur with the recommendation and respectfully request Mayor and City Council approval. Micha I C. Van Milligen MCVM/ems Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Gus Psihoyos, City Engineer THE CITY OF (_ ; ... Dubuque DuB E MEMORA D i N UM ~ ~ Mnsterpiece on the Mississippi ?l?il" TO: Michael C. Van Milligen, City Manager FROM: Gus Psihoyos, City Engineer /~~~ DATE: August 25, 2008 SUBJECT: Holliday 3rd Addition -Stormwater Facilities Fee Agreement INTRODUCTION The purpose of this memo is to seek City Council approval to consent to the assignment of interest in the Stormwater Facilities Agreement (Agreement) for Holliday 31d Addition that the City has with Commercial Holliday Development, LLC. BACKGROUND Holliday 3rd Addition is a commercially-zoned development that includes the extension of Holliday Drive to the south from Asbury Road west of the Northwest Arterial. Because the development exceeds one acre, per City policy, stormwater detention was required. The site is directly north of the Northwest Arterial Detention Basin and all drainage from the site flows to the basin. To meet detention basin requirements, the developer (QHQ) asked City Engineering about the possibility of utilizing the City's detention basin instead of constructing a new detention basin of its own. The Northwest Arterial detention facility, located just south of Holliday 3rd Addition, has been functional since the spring of 2002. The basic premise of the Agreement is that the City will provide detention (a service) and QHQ will reimburse the City for the cost of the service. In June of 2004, the City Council approved the Stormwater Facilities Fee Agreement with QHQ. Per the terms of the Agreement, the City received cone-time payment of $62,250. In addition, the City receives an annual maintenance fee that escalates by 2.5% each year. The annual fee was $4,120, $4,223, $4,329, and $4,437 for 2005, 2006, 2007, and 2008 respectively. The agreement allowed QHQ to assign with the City's consent interest in the agreement with the sale of property. In January of 2008, the City Council consented to the assignment of interest in the Stormwater Facilities Fee Agreement to Commercial Holliday Development, LLC. 'DISCUSSION In July of 2008 the City received a document (attached) titled Assignment of Storm Water Facilities Fee Agreement and Consent to Assignment by the City of Dubuque as prepared by Attorney Brian J. Kane. It assigns interest from Commercial Holliday Development, LLC to WBBW Holliday Development, LLC (WBBW Holliday) and Gomer Holliday Development, LLC (Gomer Holliday). City staff believes that the signed documents afford the City legal authority to charge WBBW Holliday and Gomer Holliday for these assigned portions of the Agreement. The table below shows the assignments for 2008 and what they will be in 2009 should the City Council consent to the attached assignment. QHQ LBH ComHD WBBL GHD 2008 $ 1,476.23 $ 937.49 $ 2,023.12 $ 0.00 $ 0.00 2009 $ 1,513.14 $ 960.93 $ 0.00 $ 1,611.71 $ 461.98 Note: The fee increases by 2.5% each year. RECOMMENDATION I recommend that the City Council consent to the assignments to WBBW Holliday Development, LLC and Gomer Holliday Development, LLC. BUDGET IMPACT Per the terms of the Agreement, the City receives an annual maintenance fee that escalates by 2.5% each year. The annual fee was $4,120, $4,223, $4,329, and $4,437 for 2005, 2006, 2007, and 2008 respectively. It will be $4,548 in 2009 and increase by 2.5% each year thereafter. Consenting to the assignments has no budget impact as the amount of the annual maintenance fee collected by the City will be the same as established in the Agreement with QHQ. The only change is that the fee will be split between the assigned parties. ACTION TO BE TAKEN I respectfully request that the City Council consent to the assignment of interest in the Stormwater Facilities Fee Agreement to both WBBW Holliday Development, LLC and Gomer Holliday Development, LLC and to authorize the City Manager to sign the attached assignment. Attach. Prepared by Deron Muehring cc: Barry Lindahl, City Attorney Jenny Larson, Budget Director Ken TeKippe, Finance Director Deron Muehring, Civil Engineer II THE CITY OF DUB E MEMORANDUM Masterpiece on the 'ssissippi BARRY LINDA CITY ATTORN To: Deron Muehring Civil Engineer II DATE: July 30, 2008 RE: Commercial Holliday Development, LLC Enclosed is a letter from Attorney Brian Kane as well as the original Assignment of Storm Water Facilities Fee Agreement and Consent to Assignment by the City of Dubuque, which you agreed to take to the City Council for approval. Thank you. Enclosure OFFICE OF THE CITY ATTORNEY DUBUQUE, IOWA SUITE 330, HARBOR VIEW PLACE, 300 MAIN STREET DUBUQUE, IA 52001-6944 TELEPHONE (563) 583-4113 / FAx (563) 583-1040 / EMAIL balesq@cityofdubuque.org Brian J. Kane Les V. Reddick~' Brad J. Heying Todd L. Stevenson' Kevin T. Deeny~"F Bradley B. Kane Joseph P. Kane All admitted in Iowa *Also admitted in Illinois '~'~Also admitted in Wisconsin July 16, 2008 Barry A. Lindahl, Esq. Corporation Counsel 300 Main St., Ste. 330 Harbor View Place Dubuque, IA 52001 Re: Commercial Holliday Development, LLC Dear Barry: Phone: (563) 582-7980 Facsimile: (563) 582-5312 E-mail: bkane@kanenorbylaw.com Enclosed please find an executed Assignment of Storm Water Facilities Fee Agreement with respect to certain property on the Northwest Arterial. You may recall that QHQ originally entered into a Storm Water Facilities Fee Agreement with the City of Dubuque and this agreement was partially assigned to Commercial Holliday Development, LLC as part of its acquisition from QHQ. Commercial Holliday Development, LLC has now sold its real estate to Gomer Holliday Development, LLC and WBBW Holliday Development, LLC as described in the- attached Assignment. The proposed Assignment is to trace the actual storm water fee responsibility to the current owner of the real estate. If you have any questions, please do not hesitate to contact us. If all is in order, please have the Assignment executed by Mr. VanMilligen and return it to us for recording. Thank you. Best regards, KANE, NORBY & REDDIQK, P.C. By KANE, NORBY & 1ZEDDICK, P.C. ATTORNEYS 2100 ASBURY ROAD, SUITE 2 DUBUQUE, IA 52001-3069 Of Counsel: Gary K. Norby BJK:meh Enclosure cc: Mr. Wayne A. Briggs Prepared Bv: Brian J. Kane, 2100 Asbury Road, Suite 2, Dubuque, IA 52001 (563) 582-7980 Return To: Brian J. Kane, 2100 Asbury Road, Suite 2, Dubuque, IA 52001 (563) 582-7980 ASSIGNMENT OF STORM WATER FACILITIES FEE AGREEMENT AND CONSENT TO ASSIGNMENT BY THE CITY OF DUBUQUE This Assignment of Storm Water Facilities Fee Agreement is dated for reference purposes the ~_ day of ~v , 2008. WHEREAS, Commercial Holliday Development, LLC ("Commercial Holliday") is the partial Successor in Interest in and to that certain City of Dubuque Storm Water Facilities Fee Agreement (the "Agreement"), a copy of which was recorded as Instrument No. 10046-04, records of the Dubuque County Recorder with respect to the real estate described as follows: Lot 2 of Holliday Fourth Addition; Lot 2-8 of Holliday Third Addition; Lot 6 of Holliday Third Addition and Lot 7 of Holliday Third Addition (the "Real Estate") WHEREAS, Commercial Holliday has sold Lot 2 of Holliday Fourth to Gomer Holliday Development, LLC ("Gomer Holliday"); and WHEREAS, Commercial Holliday has sold Lot 2-8 of Holliday Third Addition, Lot 6 of Holliday Third Addition and Lot 7 of Holliday Third Addition to WBBW Holliday Development, LLC ("WBBW Holliday"); and WHEREAS, Commercial Holliday desires to assign its interest in the Agreement to Gomer Holliday and WBBW Holliday, respectively, as provided herein. NOW, THEREFORE, in consideration of the terms, conditions, covenants and performances contained herein, the parties agree as follows: SECTION 1. Subject to the consent of the City of Dubuque (the "City"), Commercial Holliday hereby assigns its interest in the Agreement to the following assignees: The responsibilities related to Lot 2 of Holliday Fourth Addition (the "Gomer Holliday Real Estate") is hereby assigned to Gomer Holliday; and The responsibilities related to Lot 2-8 of Holliday Third Addition, Lot 6 of Holliday Third Addition and Lot 7 of Holliday Third Addition (together the "WBBW Holliday Real Estate") is hereby assigned to WBBW Holliday. SECTION 2. Commencing January 1, 2009 and January 1 of each year thereafter, Gomer Holliday (with respect to the Gomer Holliday Real Estate) and WBBW Holliday (with respect to the WBBW Holliday Real Estate) shall pay the annual detention basin and drainage channel maintenance fee for the maintenance of the Northwest Arterial Detention Basin and Drainage Channel, all in accordance with the Agreement. The parties acknowledge that the annual fees for 2009 and each year thereafter shall be calculated by adding 2.5% to the fee for the previous year fee for each respective parcel of real estate. SECTION 3. Annual fees shall be paid by the respective parties hereunder to the City by not later than January 31 of each year. In the event that the annual fee is not paid by January 31 for the year when it is due, the parties agree that City shall have the right to assess the fee against the respective property for collection in the same manner as the property tax. SECTION 4. Gomer Holliday hereby assumes all responsibilities required under the Agreement with respect to the Gomer Holliday Real Estate. WBBW Holliday hereby assumes all responsibilities required under the Agreement with respect to the WBBW Holliday Real Estate. SECTION 5. The Agreement and this Assignment shall be binding on the parties and their successors, heirs and assigns. IN WITNESS WHEREOF, the parties executed the foregoing as of the date here first above written. COMMERCIAL HOLLIDAY WBBW HOLLIDAY DEVE OP ENT, LL ~~ By: Wayne A. Briggs Printed Name DEVELOP ENT,LLC By: Wayne A, riggs Printed Name President Title GOMER H LLIDAY DEVELOPMENT, LLC By: Wayne A. Briggs Printed Name President President Title Title STATE OF IOWA COUNTY OF DUBUQUE On this ~ Q~day of~_, 2008, before me, the undersigned, a Notary Public in and for the State of Iowa, personally appeared ~y+~e ~ , ~ r ~ ;g of Commercial Holliday Development, LLC, to me personally known, who, being by me duly sworn, who acknowledged the execution of the instrument to be his/her voluntary act and deed for and on behalf of Commercial Holliday Development, LLC. ~l~~µa~ BRAD J. H .~~F C~AMISSION N0.703N~ # 'k MYCOMMISSlONEXPIRES AM Jute 23, 2009 No blic in and for said tate. STATE OF IOWA COUNTY OF DUBUQUE On this ~ ~D day of ~~ ~ , 2008, before me, the undersigned, ~ rc~ ~~ y ; r~ h a Notary Public nand for the State of Iowa, personally appeared ~~N vac A . _ ,r ~ ~,S of Gomer Holliday Development, LLC, to me personally known, who, being by me duly sworn, who acknowledged the execution of the instrument to be his/her voluntary act and deed for and on behalf of Gomer Holliday Development, LLC. ~At~l ~ BRAD J. HEYING +#~# COMMISSION N0.703800 MYCOMMISSION EXPIRES ~* Jtme 23, 2009 r~ Nota ublic in and fo said to STATE OF IOWA COUNTY OF DUBUQUE On this ~ ~ day of _ v ~ , 2008, before me, the undersigned, the ~~ ; ~+ a Notary Public in and for the State of Iowa, personally appeared l~ . ~ ; S of WBBW Holliday Development, LLC, to me person lly known, who, being by me duly sworn, who acknowledged the execution of the instrument to be his/her voluntary act and deed for and on behalf of WBBW Holliday Development, LLC. BRAD J. HEYING ~ ~~ COMMISSION N0.703800 *~„* MYCOMMISSIONEXPIRES iow* June 23, 2009 !'~-~ Notary ublic in and for sai Sat CONSENT TO ASSIGNMENT The City of Dubuque hereby consents to the foregoing Assignment. CITY OF DUBUQUE, IOWA By: Michael C. Van Milligen, City Manager