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Purchase of Property at 317-319 East 22nd StreetrHe crTY o~ Dubuque Masterpiece ot~ thc~ Mis~issi~~i ~ao7 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Purchase of Property at 317-319 E. 22nd Street DATE: January 26, 2009 As part of the Bee Branch Creek Restoration Project, Housing and Community Development Department Director David Harris is recommending purchase of the property at 317-319 E. 22~d Street for the appraised value of $90,000. I concur with the recommendation and respectfully request Mayor and City Council approval. C - Michael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager David Harris, Housing and Community Development Director 2007 TO: Mich Van Milligen, City Manager FROM: David~rris Housin an g d Community Development SUBJECT: Purchase of Property at 317-319 E 22"d Street DATE: 20 January 2009 Introduction The purpose of this memorandum is to request the City Council's approval to purchase a residential rental dwelling located at 317-319 E 22"d 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 sixty second home located in the Bee Branch Realignment and scheduled for purchase is owned by Duane F. Bradfield and June E. Bradfield. An independent appraisal has established market value at $90,000. Duane F. Bradfield and June E. Bradfield have accepted an offer for purchase in this amount by signing the purchase agreement offered by the Housing Department. Negotiations for payment of relocation assistance benefits are continuing. However, these have no bearing on the action to acquire the property. We expect to have those concluded as soon as a comparable home becomes available. Action Step The action requested of the City Council is to approve the attached resolution, authorizing purchase of property located at 317-319 E 22"d Street in the City of Dubuque, Iowa. RESOLUTION NO. 36-09 A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE LOCATED AT 317-319 E 22ND 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 sixty second 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 No. One (1) of Lot No. Three (3), Lot No. Two (2) of Lot No. Five (5), and Lot No. Six (6), "KEMPS" SUBDIVISION" in the City of Dubuque, Iowa; subject to the use of the "Private Alley", all as shown on the recorded Plats of said respective subdivisions. At the cost of Ninety thousand dollars ($90,000). 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 2nd day of February, 2009 Roy D. Buol, Mayor Attest: Jeanne F. Schneider, CMC, City Clerk