Rehabilitation Loan and Mortgage_Don Junk (65-73 Main St_Atlas Fluid)
Economic Development Department
50 West 13th Street
Dubuque, Iowa 52001-4864
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
TO: Michael Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Project Coordinator
SUBJECT: Release of Mortgage for 65-73 Main Street – Downtown Rehabilitation
Loan DRLP #1-98
DATE: January 18, 2018
INTRODUCTION
The purpose of this memorandum is to inform you of a final loan payment and to
request your signature on a release of mortgage.
BACKGROUND
Don Junk entered into an agreement in 1998 for a $17,200 loan for the redevelopment
of 65 Main Street. At the time, a mortgage on the property was held as security on the
loan.
DISCUSSION
Regular payments have been made on this loan, and a final payment of $1,517.46 was
made to the Finance Department as of May 30, 2017. This closes out the principal
balance due on the loan, with $3.25 in interest being forgiven per Finance Director,
Jean Nachtman.
RECOMMENDATION/ ACTION STEP
I recommend signing the release of mortgage attached to this memo, which will
subsequently be recorded with the County.
Cc: Maurice Jones, Economic Development Director
Jean Nachtman, Finance Director
Reqular Session,
112
Economic Development responsibilities
for review, decision making, and action
assumed and carded out by the Ctiy-of
Dubuque as to environment'a[ issues.
Section 5. That the Mayor of the City
of Dubuque is hereby authorized to
consent personally, in his official
capacity and on behalf of the City of
Dubuque, to accept the judsdictJon of
the federal courts if an action is brought
to enforce responsibilities in relation to
environmental review, decision making
and action.
Section 6. That the Mayor of the City
of Dubuque be and he is hereby
author~ed and directed zo execute a
certification pertaining to the
environmental review procedures.
Passed. approved and adopted this
16th day of March, 1998_
Terrsnca M. Duggan, Mayor
Attesl: Mary A. Davis, City Clerk
Voetberg moved adoption of the
Resolution. Seconded by Dual. Motion
carded 7-0.
City Manager submitting Adopted
Fiscal Year 1999 Budget Summaries,
presented and read. Voetberg moved
that the communication be received
and tiled. Seconded by Dual Motion
carried 7-0.
Diamond Jo Casino requesting
fireworks display on Sunday, May 31st
at approx. 9:00 p.m. with June 1st as
alfematJve dats, presented and read.
Voetberg moved that the request be
referred to City Manager. Seconded by
Dual. Motion carried 7-0.
An Ordinance Amending Chapter 44,
Utilities, Section 44-55, Abandonment
of Private On-Site Sewage Treatment
and Disposal System upon availability
of Public Sewer, first reading only given
on 3-2-9£, now presented for further
action. Voetberg moved [hat this be
considered the second reading of the
Ordinance. Seconded by BuoL Motion
carded 7-0.
An Ordinance Establishing the Stout
Place Urban Revitalization Area as an
Urban Revitalization Area pursuant to
Chapter 404 of the Cede of Iowa, first
reading gi?n on 1-19-98; seconc
reading given on 3-2-9~,, now
presented for further action.
(OFFICIAL PUBLICATION}
ORDINANCE NO. 12- 98
AN ORDINANCE ESTABLISHING
THE STOUT PLACE URBAN
REVITALIZATION AREA AS AN
I URBAN REVITAUZATION AREA
PURSUANT TO CHAPTER 404 OF
THE CODE OF IOWA.
NOW, THEREFORE, BE IT
ORDAINED BY THE CITY COUNCIL
'OF THE CITY OF DUBUQUE, IOW. A:
Section 1. That the Staut Place
Urban Revitalization Area as
hereinafter described shall hereafter be
designated an urban revitalization area
pursuant to Chapter 404 of the Code of
Iowa 1997, to wit:
South ~ of City Lot 167, City Lot 168
and City Lot 168A all in Sec~on 24,
Township 89 North, Range 2 Eas[ 5th
P.M., Dubuque, County, Iowa
Sec'don 2. That the Stout Place
Urban Revitalizador Area Plan as
hereto attached is hereby adopted and
approved and the propedJes within said
described area shall be subject to the
provisions of said Plan.
Sectior. 3. That the Stout Place
Urban Revitalization Area Plan shall
hereafter be on file in the City Clerk's
Office, Cb Hall, Dubuque, Iowa
PASSED, APPROVED and
ADOPTED this 18th day of March,
1998.
Torrance M. Duggan, Mayor
ATTEST: Mary A. Davis, City Clerk
Published \officially in the Telegraph
Herald newspaper this 23rd day of
March, 1998.
Mary A. Davis CMC. City Clerk
1 t 3/23
Voatberg moved tinal consideratior
and passage of the Ordinance.
Seconded by Dual Moficn carded 7-0.
Human Rights Director. Elizabeth
Creger, subm~ng copy of
communication submitting to Iowa CiviJ
Rights Commission requesting they
conduct housing tests in Dubuque,
presented and read. Voetberg moved
that the communicafion be received
and filed. Seconded by Dual Motion
carded 7-0
City Manager recommending
approval of a Down~owr Rehabilitation
Loan to Don Junk for reeavaUon of the
Atiast Fluid Company, presented and
read. Voetberg moved that the
communication be received and filed.
Seconded by Dual. Motion carded 7-0.
RESOLUTION NO. 110-98
A RESOLUTION AUTHORIZING A
LE'FrER OF COMMITMENT AND
ADDITIONAL ACTIONS
i CONCERNING A DOWNTOWN
REHABILITATION LOAN TO DON D.
113 Regular Session, March 16, 1998
JUNK
Whereas the City of Dubuque, Iowa,
has created s Downtown Rehabilitation
Loan Program for the purpose of
stimulating reinvestment in the
Downtown Dubuque Urban Renewal
District;
Whereas. the City of Dubuque, Iowa,
is encouraging the use of this can
program to finance code compliance
activities and to spur job creation
activities; and
Whereas, the loan application from
Don D. Junk meets the requirements of
this program; and
Whereas. a Commitment Letter.
hereto attached and by this reference
made a par[ hereof sets forth the terms
and conditions of Don D. Junk's'
participation in the Downtown
Rehabilitation Loan Program.
NOW THEREFORE, BE IT
RESOLVED BY THE CITY COUNCIL
OF THE CITY OF DUBUQUE, IOWA:
Section 1. That the application of
Don D. Junk for pantJaipation in the
Downtown Rehabilitation Loan
Prograrr is hereby accepted ana
approved.
Section 2. That the Mayor is hereby
authorized m execute, on behalf of the
City Council of the City of Dubuque,
Iowa, the attached Commitment Letter
and to forward said letter to Don D.
Junk for review and approval.
Section 3. That the City Manager be
aaa he is hereby directed to prepare,
upon execution and receipt of the
attached Commitment Letter by the
applicant me necessary loan
documents n accordance with the
terms and conditions set forth in said
Commitment Letter.
Section 4. That the City Manager is
hereby authodzedm execute on behalf
of the City Council of the City of
Dubuque, Iowa, all necessary loan
documents and is fur[her authorized to
disburse loan funds from the Downtowr,
Rehabilitation Loan Program,
accordance with the terms anc
conditions of the executed agreement.
Passed. approved and adopted this
16th day of March, 1998.
Torrance M. Duggan, Mayor
Attest: Mary A. Davis, City Clerk
Voetberg moves adoption of me
Resolution. Seconded by BuoL Melior
carried 7-0.
RESOLUTION NO. 111-98
NOW. THEREFORE, BE IT
~ESOLVED BY THE CITY COUNCIL
OF THE CiTY OF DUBUQUE. IOWA:
That the following having complied
-with the provisions of law relating to the
sale of Cigarettes within the City of
Dubuque, Iowa, be granted a permit to
sell Cigarettes and Cigarette Papers
within said City.
NEW
Libby Streinz Dubuque Discount
Gas. mc 4110 Dodge Si
Passed. approved and adopted this
16th day of March, 1998.
Terrance M. Duggan, Mayor
Attest: Mary A: Davis. City Clerk
Voetberg movec adopOon of the
Resolution. Seconded by BuoL Motion
camed 7-0.
RESOLUTION NO. 112-98
Whereas, applications for Beer
Permits have been submitted and filed
to this Counci; for approval and the
same have been examined and
approved; and
Whereas the premises To be
occupied by such applicants were
inspected ane found to comply with the
Ordinances of this City and nave filec
proper bonds.
NOW, THEREFORE, BE T
RESOLVED BY THE CITY COUNCIL
OF THE CITY OF DUBUQUE IOWA:
That the Manager be authorized to
cause to be issued the following named
applicants a Beer Permit
CLASS 'C' BEER PERMIT
Libby Jean Strainz
Dubuoue Discount Gas, inc.
+(Sunday Sale) 4110 Dodge St
ArCon Inc. Arby's Q-Mart
+(Sunday Sale) 10 Main St
Passed. approvea and adopted this
16th day March, 1998.
Torrance M. Duggan, Mayor
Attest: MaryA Davis, City Clerk
Voetberg moved adopfion of the
Resolution. Seconded by Buol. Motion
carded 7-6.
RESOLUTION NO. 113-98
Whereas applications for Liquor
Licenses have been submitted to this
Council for approval and the same
have been examined and approved;
and
Whereas, the premises to be
occupied by such applicants were
inspected and found to comply with the
State Laws and all City Ordinances
relevant thereto and they have filed
proper bonds
NOW, THEREFORE BE IT
RESOLVED BY THE CITY COUNCIL
OF THE CITY OF DUBUQUE. IOWA:
That the Manager be authorized to
cause to be issued the foilowin_c named
applicants a Liquor License.