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Callahan Con. Annexation LtrCallahan Construction, Inc. 12815 Noble Ridge Dubuque, Iowa 52002 April 1, 2002 Honorable Mayor and City Council City of Dubuque 50 W 13th Street Dubuque, Iowa 52001-4845 Re: Request for Voluntary Annexation Dear Mr. Mayor and Council Members: I am requesting the annexation of property legally described as lot 1 of the southwest 1/4 of the northwest 1/4 end lot 2 of the sottthwest 1/4 oftbe northwest 1/4 in section 3, T89N, R2E oftbe 5th p.m., Dubuque County, Iowa. The plat I em proposing consists of 112 single family affordable residential lots/homes, 4 multi-family lots for assisted living apartments, 6 CS commercial lots end 3 acres of land for a park_ Phase One of the project consists of 47 residential lots, 4 multi-family and 6 CS commercial. Phase Two would comprise 65 residential lots. The residential portion of this development is planned for starter homes in the price range of $t25,000.00 to serve families in the 80 percent of median family income bracket. The multi-family section would serve hmilies qualifying for Section 8 housing. Currently, there are no developments serving this market in the City of Dubuque. I feel that this development will provide more affordable alternatives and give people hi the 80 percoat of median family income a chance to buy a new house. The proposed homes within the 1t2 section have 2 or 3 bedrooms, a kitchen, dining room, liv~g room end full bathroom on tl~ main level end a two car attached garage as well as a full basement. The costs associated with the proposed development are substantial and will prevent such subdivisions fi.om being pursued. Therefore, Callahan Construction, Inc. is mspectfally requesting the City of Dubuque's assistance and support to facilitate the development. As you are aware, fids land is presently in Dubuque County end is located between the City of Dubuque and the City of Asbury. As a developer, I em aware oftbe cost difference to develop between the adjoining communities. Therefore, it would be in the best interests of both Callalnn Construction, Inc. end the City of Dubuque to work together. Furthermore, tbe City of Dubuque's aid will make it possible for families of mediun income to afford homes end will also allow these families to grow end prosper. It is also attractive for new businesses looking to establish in fids area. These new businesses consider housing as it afl, ts employees that work for them. I am available to discuss this proposal at your convenience end look forward to your input. Thank you for your consideration. Sincerely, Joel M. Callahan President