Purchase of Property - 2269 / 2271 Prince StreetTHE CITY OF Dubuque
--~,
DLTB E ~'"'~~~
1 -
Masterpiece on the Mississippi
2007
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Purchase of Property at 2269-2271 Prince Street
DATE: September 8, 2008
Housing and Community Development Department Director David Harris recommends
City Council approval to purchase a residential dwelling for $103,000 located at
2269-2271 Prince Street owned by Frank A. Kalb. This purchase is part of the
acquisition program associated with the Bee Branch Creek Restoration Project.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
l ~i
Mich el C. Van Milligen
MCVM/jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Harris, Housing and Community Development Department Director
TO: Michael ~~Milligen, City Manager
FROM: David Harri ,Housing and Community Development
SUBJECT: Purchase of Property at 2269-2271 Prince Street
DATE: 25 August 2008
Introduction
The purpose of this memorandum is to request the City Council's approval to purchase
a residential rental dwelling located at 2269-2271 Prince Street, as part of the
acquisition program associated with the Bee Branch Creek Restoration Project.
Background
The 2001 HDR "Drainage Basin Master Plan" identified approximately 70 homes to be
purchased as part of the Bee Branch Creek Restoration Project. To date the City
Council has approved a preliminary right of way design and the properties that will be
impacted have been identified.
The Fiscal Year 2007 CIP budget has allocated $2,615,668 for acquisitions.
Discussion
The forty seventh home located in the Bee Branch Realignment and scheduled for
purchase is owned by Frank A. Kalb. An independent appraisal has established market
value at $103,000. Frank A. Kalb has accepted an offer for purchase in this amount by
signing the purchase agreement offered by the Housing Department.
Action Step
The action requested of the City Council is to approve the attached resolution,
authorizing purchase of property located at 2269-2271 Prince Street in the City of
Dubuque, Iowa. -
RESOLUTION NO. 315 -08
A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE
LOCATED AT 2269-2271 PRINCE STREET, IN THE CITY OF DUBUQUE.
WHEREAS, the City of Dubuque intends to acquire certain properties
located in the area of the Bee .Branch Creek Restoration Project for stormwater
mitigation activities as recommended in the 2001 HDR "Drainage Basin Master'`
Plan;" and
WHEREAS, a purchase agreement has been finalized with the owner of
the forty seventh property scheduled for acquisition.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF DUBUQUE, IOWA:
Section 1. That the City of Dubuque hereby approves the acquisition of
the following legally described property:
Lot 55 in Sanford Subdivision in the City of Dubuque, Iowa, according to
the recorded plat thereof
At the cost of One Hundred Three thousand dollars ($103,000).
Section 2. That the City of Dubuque be and is hereby authorized to
accept a Quit Claim deed from the owner, conveying the owner's interest to the
City of Dubuque, Iowa for the herein described real estate.
Section 3. That the City Clerk be and she is hereby authorized and
directed to cause said Quit Claim Deed to be recorded in the office of the
Dubuque County Recorder, together with certified copy of the Resolution.
Section 4. That the City Clerk be and she is hereby directed to forward
a copy of this Resolution to the Dubuque County Assessor and the Dubuque
County Auditor.
Passed, approved and adopted this 15th day of September, 2008.
Kevin J. Lynch, Mayor Pro-Tem
Attest:
Jeanne F. Schneider, CMC, City Clerk