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Timmerman purchase Lenox AddnMEMORANDUM July 24, 2002 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Sale of Vacant Lot 130 of Lenox Addition A number of individuals recently contacted the City relative to the potential acquisition of City-owned lots not currently being utilized for City purposes. Sealed bids were accepted for City-owned property described as Lot 130 of Lenox Addition. Finance Director Ken TeKippe states that the City has no plans for the utilization of said property, recommends that the property be sold to the high bidders, Eric and Bonita Timmerman, for a purchase price of $500, plus publication and filing fees, and that a public hearing be set for August 19, 2002. I concur with the recommendation and respectfully request Mayor and City Council approval. Michael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, Corporation Counsel Cindy Steinhauser, Assistant City Manager Ken TeKippe, Finance Director CITY OF DUBUQUE, IOWA MEMORANDUM TO: Michael C. Van Milligen, City Manager FROM: Ken TeKippe, Finance Director SUBJECT: Sale of Vacant Lot 130 of Lenox Addition DATE: July 24, 2002 INTRODUCTION A number of individuals recently contacted the City relative to the potential acquisition of City owned lots not currently being utilized for City purposes. BACKGROUND A copy of the public notice and bid form, as well as a recap of bids received, is attached. The Lenox property received bids from Eric and Bonita Timmerman and Noel Pioessl. The attached vicinity map shows the location of Lot 130 of Lenox Addition to be disposed of. RECOMMENDATION The City has no plans for the utilization of Lot 130 of Lenox Addition, except for reserving the utility easements as noted. I would recommend that a public hearing be set for the disposition of the City's interest in Lot 130 of Lenox Addition on August 19, 2002. I would further recommend that the purchase price be established at $500, plus publication and filing fees, and that the property be sold to the high bidders, Eric and Bonita Timmerman. ACTION TO BE TAKEN The recommendation of the City Manager should be approved and a public hearing should be scheduled on the sale of the property by adoption of the enclosed resolution. Thank you for your assistance. KT/jg Enclosure RESOLUTION NO, 405-02 RESOLUTION OF INTENT TO DISPOSE OF CITY INTEREST IN Lot 130 OF LENOX ADDITION, DUBUQUE, IOWA Whereas, Eric and Bonita Timmerman have offered to purchase Lot 130 of Lenox Addition owned by the City: and Whereas, the City Council of the City of Dubuque, Iowa has determined that Lot 130 of Lenox Addition is no longer required for public use, and that the sale of Lot 130 of Lenox Addition in the City of Dubuque, Dubuque County, Iowa should be approved. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City of Dubuque intends to dispose of its interest in Lot 130 of Lenox Addition in the City of Dubuque, Iowa. Section 2. That the conveyance of Lot 130 of Lenox Addition in the City of Dubuque, Iowa subject to easements of record to Eric and Bonita Timmerman be contingent upon the payment of $500, plus publication and filing fees. Section 3. 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 foregoing-described real property, to be held on the 19th day of Au.qust , 2002, at 6:30 o'clock p.m. at the public library auditorium, 11t~ & Locust, Dubuque, Iowa. Passed, approved and adopted this Terrance M. Duggan, Mayor Attest: Jeanne F. Schneider, CMC, City Clerk 5th day of Auqust , 2002.