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Colts Drum and Bulge Corps_Demolish 1112 Central Avenueplanning services Department City Hall 50 West 13th Street Dubuque, Iowa 520014864 (563) 589~J210 office (563) 589-~21 fax plannig@cityofdubuque.org April 22, 2003 The Honorable Mayor and City Council Members City of Dubuque City Hall-50 W. 13th Street Dubuque, IA 52001 RE: Request for Demolition Permit Applicant: Colt's Drum and Bugle Corps Location: 1112-1114 Central Avenue Demolition District: Downtown Neighborhood Distdct Description: To demolish residential structure to construct a parking lot Dear Mayor and City Council Members: The City of Dubuque Historic Preservation Commission has reviewed the above-cited request. The application, staff report and related materials are attached for your review. Discussion Greg Orwoll, representative for the Colt's Drum and Bugle Corp, spoke in favor of the request to demolish the structure, provided information on the economics of the structure, and indicated the property cannot yield a reasonable economic return. Staff reviewed the application and staff report, noting the property had been determined to have historical and architectural significance at the original meeting on this request in October 2002. Staff noted the applicant has submitted the required information in order to make a determination whether or not denial of the demolition permit would mean the property cannot yield a reasonable economic return. Staff noted the information provided in the October 2002 and April 2003 staff reports. Staff reviewed a series of profit and loss statements. The Historic Preservation Commission discussed the request, noting that the building has architectural and historical significance. The applicants, Commissioners, and Housing Staff discussed the poor condition of the property and the economics of rehabilitating it to Housing Rehabilitation Standards. A motion was made to recommend City Council approval of the demolition permit based on the property not making a reasonable economic return. The motion failed due to lack of a majority with a vote of 2 to 2 with one abstention. Assistant City The Honorable Mayor and City Council Members April 22, 20O3 Page 2 Attorney Tim O'Brien and Staff informed the Commission that the failure of this motion to pass meant that no decision had been made. They noted that the application would be forwarded onto the City Council with a recommendation of approval for failure to make a decision within the required timeframe as stated in the ordinance. A new motion was made to recommend City Council denial of the demolition permit based on the property being able to make a reasonable economic return with limited rehabilitation and the intent to construct a parking lot without considering rehabilitation. The motion passed with a vote of 3 to 2. Recommendation By a vote of 3 to 2, the Historic Preservation Commission recommends that the City Council deny the demolition request due to the property being able to make a reasonable economic return with limited rehabilitation and the intent to construct a parking lot without considering rehabilitation. A simply majority vote is needed for the City Council to approve or deny the request for demolition. Respectfully submitted, Historic Preservation Commission Attachments CC: Greg Orwoll, Colts Drum and Bugle Corps Michael Visintin, Current Property Owner Rich Russell, Building Services Manager April 22, 2003 To:The City Council of Dubuque, Iowa From:Michael J. Visintin 1790 Asbury Road Dubuque, IA 52001 563-556-3243 Owner of the property located at 1112-1114 Central Avenue, Dubuque, IA 52001 Concerning: Request for Demolition Permit by the Colts Drum and Bugle Corp for the property located at 1112-1114 Central Avenue, Dubuque, IA 52001 The following are pertinent facts relevant to this petition. At the Historical Committee meeting on Wed., April 16, 2003, the chairman of the committee made a motion that based on the evidence presented by the Colts and the City that a demolition permit be granted to the Colts. The vote was 2 Aye and 2 Nay, with one member of the committee abstaining because she indicated that she was new to the committee and didn't know enough about the facts to vote on the issue. Another committee member then informed her that the resulting tie would cause the Colts to be granted the permit. Another member of the committee then made a motion to deny the permit for the following reasons: 1) He did not like our attitude. We had never been interested in saving the building, only in getting the permit. 2) He felt the plan presented by the city staffwas too expensive, and that the building could be "brought up to code" with a more reasonable plan. In the second vote, the committee member who had abstained moments before due to her lack of familiarity with the request apparently decided that she suddenly knew all that she needed to in order to vote Nay, and the demolition permit was denied by a vote of 3 to 2. I would like to address these two issues using a timeline for the property in question. And I would like to assert two conclusions based upon that timeline: 1) The originally abstaining member of the council was correct to have abstained on the first vote. 2) The person who brought the second motion based upon his assessment of our attitude and because he thought a less expensive plan would work ignored the facts contained in the evidence presented during the last year. Yes, our attitude during the whole process was that the property should in fact be a parking lot. But that attitude derives from my five years of experience with the property, with three of those years as the owner of the property. Further, it is not the duty of the committee to vote on our attitude, but upon the facts at hand. They are to weigh the historical value of the property against a reasonable economic return to the owner. Here are the timeline and the pertinent facts leading to the pursuit of the demolition permit. 1) The property was condemned by the city some time in 1998 (public record). 2) The owner-occupant, Mrs. Mary Bussan, was evicted from her home of many years (public record). 3) Marcia Lawson then bought the property for approximately 40,000.00 in order to rehabilitate it as an income property. 4) It took six months of work and 16,000.00 dollars investment from a silent partner to bring the building in general and the two lower apartments in particular out of condemnation. At that time the two upper apartments were still not rentable. 5) The project did not produce enough income, and in 1999, I became involved in the project. I made most of the mortgage payments that year, and finished the work to make the upper two apartments rentable. I donated my labor and made approximately 6,0000 in mortgage payments. 6) I purchased the building from Marcia Lawson in 2000 and have owned it continuously since (public record). 7) I gave the silent partner a second mortgage for his initial investment in 2001 (public record). 8) The building failed to generate a reasonable economic return (or even a positive economic return for the three+ years that I have owned it (public record-see demolition permit documentation). 9) In about May of 2002, I showed Cathy Bauerly, a landlord with approximately 80 low-income units through the building. At that time she stated that the building would require too much investment to fix up, even though I offered it to her for the cost of the first and second mortgages. 10) In about March of 2003, I showed Dick Henkel, another area person who deals with old buildings, through three units of the building. Dick didn't even look through the fourth apartment before he left. 1 l)Hence, two subject matter experts have rejected entering into purchase agreements for this building even at cost. 12) Beginning in about March of 2003, I began another renovation of three of the apartments, spending about 6,000 dollars (public record-see committee documentation). 13) About a year ago, I approached the Colts as prospective buyers, because I thought the property would be useful to them as a parking lot. They agreed, and the process of working with the Historical Committee began, culminating in the vote on April 16. I would like to present the following conclusions regarding the vote by the Committee: 1) The member who originally wanted to abstain because she did no know enough about the project changed her mind based upon the statement of the person who motioned for the second vote. The motion for the second vote was made upon two erroneous conclusions. a) The committee member did not like our attitude. The committee is not supposed to vote upon our attitude, but on the facts presented by the Colts and the City. I have waged a five year battle to save this building, and I can do no more. That attitude is the result of five years experience with the property and it is the correct attitude for this property. b) The committee member said we should find a plan to spend less money, which would bring the building up to code. Had that committee member remembered the documentation, he would have remembered that the building is already substantially up to code, and has had tenants in it for three years now. It passed the initial inspections to bring it out of condemnation (public record), and each apartment unit has passed at least one set of HUD (Section 8) housing inspections in the last three years (public record). In closing, the Historical Committee now believes that I should find a smaller sum to renovate the building and hence make more income. The documentation the committee has ignored should be sufficient to refute that claim: 1) The building has been renovated twice in the last three years, for a total investment' of 23,000.00. 2) The building now garners rents at or near the top of current market rates. What magic number less than the city's estimate will make the building generate more income? 3) The building has never made enough money to make even one payment on the second mortgage. How much more money should I borrow to prove the point? I am not historically insensitive. I just sold in December of last year a Victorian at the comer of Third and Hill Streets that I owned for four years. It is old, but it makes money. The property at 1112-I 114 central does not work. It needs to be a parking lot. I cannot sell the building even for the mortgages and I must go on losing money for as long as you make me keep k. Please grant the Colts the demolition permit for the property at 1112-1114 Centra~D Avenue, Dubuque, IA. Thank you for your time. APPLICATION FOR DEMOLITION PERMIT 1112-1114 Central Avenue PLANNING APPLiCATiON FORM - Planning Services Department Dubuque, IA 5200~-4~64 Phone: 563-589-4210 Fax: 563-589-4221 "~ [] Variance D Re. zoning [] Simple Site Plan [] Conditional Use Permit n Ranned Dis~ct. [] Minor. Site Ran D Appeal D Preliminary Plat [] Major ~ite Plan ~' [] Spedal Exception [] Minor Rnal Plat [] Major Final Rat [] IJmit~ Setback Waiver D Text/u-nandment [] Simple Subdivision [] Annexation [].Temporary Use Permit [] Ceraficate of Economic Non-Viability ~Appropriataness ~. Please tvoe or ~Hnt leqiblv in ink Address: . Qb/: State: Zip: Fax Number: Mobile/Cellular Number: 1112-1114 Central Avenue, Dubuque, iowa, legally described To~l ~r : ~ ~ as: the No~h 34 feet and South 32 feet 8 inches of the South : ~R~R~ 66 feet 8 inches of the Sou~ ~5 of Ci~ Lot ~6, in the Ci~ of su~ Dubuque, iowa. ~du~n · [ FOR'OFF/CE USE ONLY - APP'LTCAT'ZON SUBMJ. I I'AL CHECKL.T. ST . ' · Fee: ..b~.~ ?~ ,,w.~'~ ~ Date: · ..'n Site/s~tch plan - [] ConcePLUal. Development Plan DPhobo 0 Plat D Improyement plans [] Desigi3 review project desoipfi0n. D Floor plan [] Other: CITY OF DUBUQUE, IOWA BUILDING PERMIT APPLICATION JOB ADDRESS: LEGAL DESCRIPTION: OWNER: ADDRESS: BUILDING CONTRACTOR: ADDRESS: REGISTRATION NUMBER: ARCHITECT: ADDRESS: APPLICANT: CLASS OF WORK: PRESENT USE OF BUILDING: PROPOSED USES: CONSTRUCTION TYPE: NO. OF DWELLING UNITS: SIZE OF BUILDING (SE): ZONING DISTRICT: WORK DESCRIPTION: I 1 I2 CENTRAL AVE DBQ S 32'8" - S 66'$" ~ S 215 OF CITY LOT 446 VISINTIN, MICHAEL J 1112 CENTRAL AVENUE DUBUQUE IA, , 52001-0000 PHONE: , PHONE: STATE LIC. NO: , , PHONE: DUBUQUE COLTS DRUM & BUGLE CORPS Demolition Permit CHANGE OF USE: , NO. OF STORIES: 0 1 0 C-4, Downtown Commercial Demolish 2_F brk dwllg at 1112-1114 Central Ave. PERMIT NUMBER: B02-1116 ISSUE DATE: ISSUED BY: OPTIONAL INFORMATION BASEMENT? AUTOMATIC EXTINGUISING SYSTEM? VALUE OF WORK: THIS PERMIT: $0.00 TOTAL CONSTRUCTION VALUE: --SPECIAL-CONDITION.~S: $1.00 PERMIT FEES: INVESTIGATION FEE CHARGED? BASE PERMIT FEE: $37.50 ISSUANCE FEE:. $5.00 CREDITS (PRIOR PERMITS): $0.00 PLAN REVIEW: $0.00 PLAN REVISIONS: $0.00 SPECIAL APPROVALS: Item: 00009 Demolition Checklist TOTAL FEES CHARGED: $37.50 TOTAL PAYMENTS: $0.00 BALANCE DUE: $37.50 NOTICE SEPARATE PERMITS ARE REQUIRED FOR ELECTRICAL, PLUMBING, HEATING, VENTILATING OR AIR CONDITIONING. THIS PER_MIT BECOME NULL AND VOID IF WORK OR CONSTRUCTION AUTHORIZED IS NOT COMMENCED WITHIN 180 DAYS. OR iF CONSTRUCTION OR WORK IS SUSPENDED OR ABANDONED FOR A PERIOD OF 180 DAYS AT ANY TIME AFTER WORK IS COMMENCED. I HEKEBY CERTIFY THAT 1 HAVE KEAD AND EXAMINED THIS APPLICATION AND KNOW THE SAME TO BE TRUE AND CORRECT. ALL PROVISIONS OF LAWS AND ORDINANCES GOVENING THIS TYPE OF WORK WILL BE COMPLIED WITH WHETHER SPECIFIED HEREIN OR NOT. THE GRANTING OF A PERMIT DOES NOT PKESUME TO GIVE AUTHORITY TO VIOLATE OR CANCEL THE PROVISIONS OF ANY OTHER STATE OR LOCAL LAW REGULATING CONSTRUCTION OR THE PEREOKMANCE OF CONSTRUCTION. SIGNATURE OF CONTP-~CTOR OR AUTHORIZED AGENT (DATE) SIGNATURE OF OWNER (IF OWNER BUILDER) (DATE) Colts Drum and Bugle Corps 1112 - 1114 Centml Avenue Total Project Cost Project Financinq ~-J~ur.c~ Price - Bank Loan City - HOME Rental Funds Rehab - Bank Loan Total $ $ $291,140 63,000 99,996 128.144 291,140 CASHFLOW ANALYSIS w/Tax Credit, HOME Loan, and Tax Abatement Amortizing"- $139,813 ~ 6.5%. 30 yin. $99,996 - Deferred Payment Apply for Urban Revitalization District Purchase Price - $63,000 Tax Credits -51,381 Total $11,669 128,144 t 1 ~669 139,813 Projected Ceshflow - Year One INCOME 4 units Total Gross Income Less Vacancy Effective Gmes Income Less Operating Expenses Net Operating Income Debt Retirement .Bank C~y Pmjectad Ceshflow Per yeer ANNUAL $ 23,712 23,712 1,423 22Ass 6,027 16,262 10,608 $ 6,ss4 NOTES $436 x 2, $552 x 2 6% of gross income $884, 6.5%, 30 yrs. ($139,813) DPL, 20 yrs. ($99,996) Operating Expenses Utilities I~nce Taxes Management/Maintenance Reserve for Replace Total 7OO 2,008 2,371 948 6,027 Based on $291,000 value Based on $66,940 Assessed Value 10% of gross income 4% of gross income Profit & Loss 4 units ($436 x 2, $552 x 2) Total Gross Income Less 6% Vacancy Effective Gross Income Less Operating Expenses Net Operating Income Debt retirement Bank City Projected Income Per Year Subsequent First Year Years Income Annual Income $ 11,856 $ 23,712 11,856 23,712 711 1,423 11,145 22,289 6,860 8,519 4,285 13,770 9,041 5,829 0 0 (4,756) 7,941 Ass!~mes 6 months to remodel and savings deposit for ballon payment at end of 20 years interest expense first year is $9,041 (will average $5,829 over the remaining years of the loan) 30 Year Total Return $ 711,360 711,360 42,682 688,678 255,570 4t3,108 174,873 238,236 Depreciation (20 year straight line) Income net of Depreciation 14,557 14,557 __(19,313) (6,616) 291,140 , (52,904/ 4 units ($436 x 2, $552 x 2) Total Gross Income Less 6% Vacancy Effective Gross Income Less Operating Expenses Net Operating Income Debt retirement Bank City Projected Cashflow Per Year Utilities Insurance Taxes Managemenl/Maint. Reserve for Replace Annual Income 23,712 23,712 ,, 1~423 22,289 8,519 13,770 10,608 0 7O0 4,500 2,371 948 $ 8,519 Realistic cash flow Subsequent Fimt Year Years Income Annual Income $ 11,856 $ 23,712 11,856 23,712 .... 711 1,423 11,145 22,289 ,6,860 8 519 4,285 13,770 10,608 10,608 4,518 4,518 Assume,~ 6 months to remodel and saVi~gs depos# for ballon paymenl~at end of 20 years Assuming 6 months to remodel First year assuming 1/2 of mang./maint and reserve for replace - Present value of $100,000 balloon prat, 20 years from now, assuming 1% earnings rate APARTMENTS FOR RENT 5'~A [ ]' 1355Bluff-PartiallyFumished-^pp(includlng '~ '- [,. Washer/Dryer) Heat Paid - $300 - $300 Dep 1 Yr. Lse~ 655 Bluff- Completely Furnished 1 BR - Jacuzzi Tub C/A- Lndry Hook Ups- Very Classy - $795 - $795 Dep - 1 Yr. Lease 185 Main- 1 BR Studio- App- Wa~er Pd- Off St. Pkg ~ $350 - $350 Dep - ~ Yr. Lease _1398 White - Nice 1 BRL Heat & Water Pd- $375~ ~00 Dep- 1 Yr. Lease 4~i~ EDBQ ~ontgo~, St. ~c.)IBR- Off St. Pkg - CoM ~ Ln~- Com~d & ~ - $379 - $379 Dep - 1 Yr. 2920 Central - Nice 1 BR - App - Water Pd - OffSt. Pkg - $300 - $300 Dep - 1 Yr. Lease 605 W. I lth - 1 BR - App - I-FW Floors - Heat & Water Pd- Coin Op - Lndry - OffSt. Pkg - $390 - $390 Dep 1107 University - Awsome 2 BR-Stove/Refrig/Dishwasher C/A Coin Op Lndry -$475 ~ $475 Dep - 1 Yr. Lease 313 1/3 Bryant- 2 BR- App - OffSt. Pkg - $395 - $395 Del> - 1 Yr. Lease 909 Spruce - Completely'Remodeled 2 BR With Ceramic Tile - Lge Kitchen - Lndry Room - App $450 - $450 Dep - 1 Yr. Lease 883 Yale Ct. - Ve'-~y Nice Main Floor 2 BR with Lndry & App - $500 - $500 Dep - 1 Yr. Lease 2514 Elm - Lge 2 BR - App - Gar - $450 ~ $450 Dep - 1 Yr. Lease APRIL 1 I, 2003 HOUSES FOR RENT 1394 Locust - I BR - App (Including Washer/Dryer) Heat & Water Pd- NO SMOKING - $425 - $'425 Dep - 1 Yr. Lease 2649 Carroll - 2 BR - App - Window A/C - Deck Nice Yard - OffSt. Pkg - $525 - $525 Dep - 1 Yr. Lease ~ 775 Hill - Quaint & Cozy 2 BR Brick - App - Open Staircase - Exposed Brick Wall - Lots of Nooks & Crannies - Lndry Hook Ups ~ Storage Shed - Off St. Pkg - $595 - $595 Dep - 1 Yr. Lease 371 Winoua - 3+ BR - App - H/W Floors - CIA Gar - $750 - $750 Dep - 1 Yr. Lease 668 University- 3 BR- App - C/A - $625 $625 Dep - I Yr. Lease 2976 Central - Nice' 3 BR- App - CIA - Nice Yard - Gar - $635 - $635 Dep - 1 Yr. Lease 692 Hill - Lge 3 BR - 1 t/2 Baths - App - Off St. Pkg - $695 - $695 Dep - I Yr. Lease 13840 W'fld Rose Ln - 4 BR Country Home - 2 1/2 Baths - Whirlpool Tub - Fireplace - Main Fl. Family Room- Situated on 1 Acre Lot - $1200 - $1200 Dep I Yr. Lease 15644 Budd Rd - Wow -5 BR - App- 1 lt2 Baths H/W Floors - Great Woodwork - Window A/C - Gar - $950 - $950 Dep - 1 Yr. Lease 1725 Hamblin Ct. #1 - Nic~ 2 BR - Stove/Refilg/ Dishwasher ~ Heat & Water Pd - OffSt. Pkg $495 - $495 Dep - 1 Yr Lease 635 W. 1 lth - Nice 2 BR - App - C/A - Wtr Pd - Coin Op Lndry - OffSt. ?kg - $495 - $495 Dep 1 Yr. Lea~ 605 W. t lth - 2 BR - Ap - Heat & Water Pd- Coin Op Lndry - OffSt. Pkg - $375 - $375 Dep - 1 Yr. Lease 1118 1/2 White - 3 BR - App - Lge Kitchen $425 - $~.25 Dep - 1 Yr. Lease EXECUTIVE M&H&t EMENT LTD. White #6:Efficiency two rooms-All utilities psid, $250/$250 S.D ONE BEDROOM APARTMENTS: Com;.~ Soon: West End: 3390 Footlfitl: Central Air, Heat & wa~er p~d by owner, New carpets and ceramic ti~e in 2002, $375 plus $375 Security Deposit--No smoking or pets. ~B_~,,~RA All modern l Bed~oo~ Air. p~rldn$~ !~mdry $365.00 S~cDepo~it $36~.00 Coml-g J,,n* 1; 2003: ~90~ Wi~ May be shown by appointment, p,~-k-l~¢ setting~ one bedroom with p~rkin& bur~3,, $375 plus $3~ Smurity D~ostt 13NO BEDROOM APARTMENTS;: 1607 Win_onte Dr..' Lux..ry~12:2 Bedroom, Ceramic and c~trpet floors, in unit private laundry, 1200 sq.i~., c~atral air, two full baths, ceram/c mp stove, icemake~, bu/lt Ln microwave, patio, bonus balcony area, walk in master closet, master bath, two car pm-lch~ in garage ~ rerno~e openers, private storage, built in 2000. $850 plu~ $850 Sec~u%y Deposit 3~a~0 Penn~vlvan;a ~10: ALL UTH,ITIEg ]PARD WITH ONE YF~kR LEA~E!! N~arly New Two B~lroom, Central A~-~D~}(~i~va~e~t~rage, W~ End, $6~,0]~lus $6~0 S?D A~h~ ~-'..,~8~.~.-'~-'L~~,~ ~_ROOp~er month. 29~0 Wildwood: #5: N~w C,a .n~LJ~eshly pah~tc6, dishwasher, air, parking, laundry, $425 plus $425 Sd) 2970 Wildwond #6: TwO bedroom, ah,parking laundry, new appBances on order, $425 plus $425 Sec, Dep ~[~lLC.,itmplt~;_641 1/2 WC~¢ llth: Ne. ar Camptm, partially furr~ahed, ~tove, refiigeraIor, $365 & $365 Sec, Dep. THREE BEDROOMS: C, aming~ao~Near Campus: Three bedroom with heat paid, w~shcr/dryer provided, deck, duplex, 594 Jefferson will be ready by May 1,2003. HOITSES FOR RENT: COm_nletel.v updated in 2002:1449 Bluff: Near Campus, three bedroom, two full ba~hs, new appliances and carpet in 2002, lear off street parklng~Laundry hookups (elec.), New furnace in 2002, $575 plus $575 SecurlW Deposit No smokln9 or pets. IAi01 MAIN: ALL UTILITIES PAID: Three bedroom with laundsy hookups, 1 1/2 baths, appliances, $690 plus $690 Security Deposit-No Smoking-No Peta CORRESPONDENCE FROM APPLICANT IOWA'S CORPS, DUBUQUE, U.S.A. April 7, 2003 Wally Wemimont Planning Services Departmem City Hall Dubuque, Iowa 52001 Dear Mr. Wenimont: I submit this letter and accompanying documents in full compliance with requests for further information in support of our application for a demolition permit for 1112-1114 Central Avenue. This package also includes the information that was requested at the March 20 meeting of the Historic Commission. I request that the Historic Preservation Commission place our application on the agenda for action at their next meeting. Additional items of information, per the request of Planning Services and the Historic Commission are included here. This is the totality of pending details requested. 1. "Estimate of the cost of proposed demolition" [] A revised bid from Sharkey's which includes in the total the salvage costs and the tax. [] A signed estimate fi:om Winger Construction, dated 5-5-02 has previously been submitted. 2. "Estimated market value of the property in its current condition": Statement ofcurrent market value of $63,000: The Option to Purchase agreemem, originally dated 8-1-02 and extended 9-10-02 and 3-3-03 states the current value of the property as $63,000. It is signed by grantor and grantee and substantiated by East Dubuque Savings Bank, as this is the value they will finance in this business plan. Therefore, it is the current value. Excellence since 1963 BOX 5t5 DUBUQUE, IOWA 52004-05t5 TELEPHONE (563) 582-4872 FAX (563) 582-7317 E-MAIL colts~colts.org COLTS WEB PAGE w-,~,v.¢olts.org "...after completion of the proposed construction, alteration, demotion or removal;" This value is $107,827. This is the total investment we propose to make, including purchase, demolition, paving and finish. This estimate is verified by East Dubuque Saving Bank, as this is the business plan they are agreeing to underwrite. "...and after renovation of the existing property for continued use," The cost of the required repairs will not translate to a like mount of increased market value. It is not possible to assess this mount, but will be essentially the same value as the property has now. This value will be a function of income potential, not investment . total. Maximum income is being realized now, and the value is $63,000. Income potential, and therefore increased market value, will not increase significantly regardless of additional repairs and investment. The annual gross income from the property for 2000 and 2001 was originally presented. Included here is additional information from the current owner, Michael Visintin, which includes the income statement from 2002 as well. Previously a pro-forma of the profit and loss statement for this property for 2002 was submitted. "The remaining balance on any mortgage or other financing secured by the property and annual debt service, if any, for the previous two (2) years." This information is included. The current first mortgage is found on the statement from Dubuque Bank and Trust, and the second mortgage is found as a statement dated March 27, 2003 including accompanying documentation. "The form of ownership or operation of the property, whether sole proprietorship, for-profir, or not-for-profit corporation, limited partnership, joint venture or otl~r. This information is stated in the Option to purchase. The Legionnaires are an Iowa not for profit corporation and Michael Visintin has signed as a single person, not representing any other entity. 6. "Any other information considered necessary by the Commission..." "Profit and loss for parking lot (page 40) ('incomplete - no bids submitted for demolition and paving costs shown, no bids included for required landscaping, no expense shown for property taxes')" -Bids were in fact submitted with the original permit request for demolitiom -Property tax was included in the profit and loss projection included in the most currently submitted profit and loss statement submitted, and is also included in this most recent profit and loss statement A further request from the Historic Preservation Commission was for a second estimate of repair costs. Two new bids are enclosed, one from Gerardy Construction, Inc. for $218,000 and one from Tricon Construction Group for $203,486. The low bid is used in a revised profit and loss estimate for the property after this investment. In addition, per your request, an independem inspection has been done by the Dubuque Housing commission, and estimates on the work they have found to be Imeded has been supplied to the Phnnlng Department under separate cover. A great deal of information was shared with us in a meeting with city staff regarding a variety of programs administered by the housing services department that am available to developers interested in providing affordable housing in Dubuque. The over-riding challenge with any level of loan program used to refurbish the property is that little or no additional rent can be charged for these properties, even with extensive improvements. Any additional cash requirements in either principal or interest costs will only further exacerbate an already losing financial proposition. Several of the programs are funded through income tax credits. The Colts are a non-profit organization, and we do not pay income tax: Therefore, the tax credit programs are of no value to us. To take advantage of these programs, we would need have a for-profit, taxable partner. Unfortunately, we have no desire to enter into a partnership with another investor. By program, our assessmem of its value and applicability to this issue: HOME rental rehabilitation program: Up to $25,000 per unit may be loaned for rehabilitation. Interest rate of 3% afrer deferral period. Owner has a matching requ/rement. Low-income tenants are required. · we have no additional cash to invest on a match · principal would need to be paid back. There is no additional cash flow available after renovation to cash flow this · would need to maintain the property as low-income housing. Not desired. Community Development Block Grant Used with rehabilitation projects. Terms set according to project needs. Intern is to provide sufficient assistance to make the rents affordable to eligible tenants. · we would need to maintain property as low-income housing. Not desired · we would have to continue the property as a rental property. Not desired · we would have to be landlords. Not desired There is little in the way of rehabilitation that would make the property a better investment as to increased rents. Improvements needed would not allow us to lower rents to qualify on this program Moderate Income Rental program 20-year loans for rehab of units for moderate income tenants. Up to $10,000 per unit loaned. Matching requirement. 3% interest · we have no additional cash to invest on a match · principal would need to be paid back. There isno additional cash flow available after renovation to cash flow this · would need to maintain the property as low-income housing. Not desired Tax Abatement Urban revitalization program. Real estate taxes are frozen, providing certain improvements are made. No additional tax paid on improvements · The property does not cash flow now. Additional cash invested, even with a flat rate on property tax will exacerbate the cash flow problem Tax Incremental Financing 15-year loan, 3% interest. Interest only payments for first 3 years · Does not improve the cash flow from the property. No additional rent wiii be avaiiabie even with a better property. Already getting top end rent rates Affordable Housing program For purchase or rehab, in order to keep rents affordable. This can be a grant. · we would need to maintain property as low-income housing. Not desired · we would have to continue the property as a rental property. Not desired · we would have to be landlords. Not desired · There is little in the way of rehabilitation that would make the property a better investment as to increased rents. Improvements needed would not allow us to lower rents to qualify on this program Low Income Rental Tax Credit we would need to maintain property as low-income housing. Not desired · we would have to continue the property as a rental property. Not desired · we would have to be landlords. Not desired · There is little in the way of rehabilitation that would make the property a be{ter investment as to increased rents. Improvements needed would not allow us to lower rents to qualify on this program · We cannot use tax credits as a non profit Historic Rehabilitation · we would need to maintain property as low-income housing. Not desired we would have to continue the property as a rental property. Not desired · we would have to be landlords. Not desired · There is little in the way of rehabilitation that would make the property a better investment as to increased rents. Improvements needed would not allow us to lower rents to qualify on this program · We cannot use tax credits as a non profit Iowa Historic Rehab Tax Credit 25% tax eredit for improvements · we would need to maintain property as low-income housing. Not desired · We would have to continue the property as a rental property. Not desired we would have to be landlords. Not desired · There is little in the way ofrehabilitation that would make the property a better investment as to increased rents. Improvements needed would not allow us to lower rents to qualify on this program · We cannot use tax credits as a non profit Housing Assistance Fund · we would need to maintain property as low-income housing. Not desired · we would have to continue the property as a rental property. Not desired · we would have to be landlords. Not desired · There is little in the way of rehabilitation that would make the property a better investment as to increased rents. Improvements needed would not allow us to lower rents to qualify on this program State of Iowa HOME program Crrants or loans, on an application basis for projects guaranteeing affordable rents. Low income a requirement · we would need to maintain property as Iow-income housing. Not desired · we would have to continue the property as a rental prol~my. Not desired · we would have to be landlords. Not desired · There is little in the way of rehabilitation that would make the property a better investment as to increased rents. Improvements needed would not allow us to lower rents to qualify on this program HUD Section 10 Loan Guarantee For gap financing. Can access secondary market funding sources, city must sponsor for loan guarantee. · There is little in the way of rehabilitation that would make the property a better investmem as to increased rents. Improvements needed would not allow us to lower rents to qualify on this program · Would require interest and principal payments without generating increased revenue Local Housing Assistance Program City can prepare an application on behalf of applicant. Discontinued. Enterprise Zone · Exemption from Iowa sales taxes and 10% Iowa tax credit · We are tax exempt. No use or value Lead Paint Hazard program · Not applicable At the current time, the landlord is maintaining 100% occupancy, and is not housing section g tenants, as he needs more flexibility in the disposition of his property than what this program would allow. He is receiving $640, $550, $500, $640 per unit. There is no reasonable expectation that even atier improvements in the property there will be more income than that. With little off street parking and truck and heavy traffic on two sides and the ambiance of the area, no upside potential in income can be anticipated. Finally, enclosed is a narrative fi:om the owner detailing the lack of financial viability oftbe property as a rental unit. Thank you for your renewed consideration of our request. Please contact me with any further questions. Sincerely, Greg Orwoll Executive Director EncBsures Addendum, April 7, 2003 There has been significant amounts of information supplied over time in relation to our request for a demolition permit. We have now supplied all the information that has been requested and we feel comfortable that it is complete and accurate. Over time, the following information has been received by the Historic Commissiom c~ Profit and loss statements for the property as remal units showing consistent losses or minimal remm. 121 Profit and loss estimate of the property as a commercial parking lot, including prop~'ty taxes and all construction costs amortized. This estimate included the necessary opinions fi:om the City Engineering department and included a site plan signed offby City Engineering. r~ A project budget for building removal and conversion to a parking lot including hi~d%.~r_dmnoljti_on, utility work, paving, marking curb cuts~ re§uired fencing and greenery for screening, and all other expenses. Copies of Options to Purchase showing the Colts as owners of the option and detailing a purchase price of first $61,500 in the original option and $63,000 in all subsequent options. This continues in force as the purchase price in our current option to purchase. Documemation from East Dubuque Savings Bank indicating their acceptance of ottr business plan for the parking lot and their intention to provide the funding required. ca A structural study was supplied from Anderson and Associates. Two bids for the repair estimates have been supplied prior to this April final brief. An appraisal by Felderman and Associates from December 14, 1999 was submitted, showing a purchase price or $50,000 and an appraised valuation of $70,000. It was noted on the sale sheet at the time (and submitted) that in the opinion of the realtor, the highest and best use for the property at that time was as a parking lot. ca Assessor's records of the property for 1998-2001 were submitted in the original statfreport regardinig this request. The documemation supplied today, April 7, 2003, includes all remaining information that bas been requested by City Planning and by the Dubuque Historic Preservation Commission. IOWA'S CORPS, DUBUQUE, U.S.A. January 6, 2003 JAN 6 CITY OF DUBUQUE PLANNING SERVICES DEPARTMENT Laura Carstens Planning Services Manager City Hall 50 West 13th Street Dubuque, IA 52001 Dear Ms. Carstens and the Historic Preservation Commission: In response to the request for further information from the Historic Preservation Commission, this letter will summarize our further work in this regard. As you know, we were interested in investigating a use for the building that would be non-residential in nature and were interested in pursuing conversations with Planning Services and others in exploring a lease for a health clinic. This property in question was not the choice of the search committee. Conversations along the lines of a commercial property possibility were not encouraging, with a great deal of limited possibilities turning on the relatively small space on first floor, ADA issues with access to the second floor and limited offstreet parking. We have not formally applied for grants for historic restoration. Only a forgivable loan or outright grant would make economic sense. A low or even no-interest loan would not help. Any addition to monthly cash flow requirements would further exacerbate the negative cash flow that now exists. The resources you and your staffprovided in your letter of November 21 were extensive and useful, however, we were unable to locate any program that would be of use in a business sense in this case. .Conversations with David Harris regarding any possible solution to the economic viability question yielded nothing we have not pursued. We stand by our estimates of over $120,000 to do the minimum work required in Excellence since 1963 BOX 515 DUBUQUE, IOWA 52004-0515 TELEPHONE (563) 5824872 FAX (563) 582-7317 E-MAIL colts~mwci.net COLTS WEB PAGE www. colts.org the property. These estimates include repairs that are absolutely necessary to halt further deterioration and create reasonable living conditions for tenants. The cost estimates are conservative. An additional nearly $100,000 would he needed to fully revitalize the property. Capitalization of over $180,000 is not economically viable in any projection we can reasonably make. The cash flow that is projected from the property in its current use assumes 100% occupancy and $600 per unit per month. This income rate far exceeds the true market value of the property and is being realized only through Section 8 subsidy that now is in place. Hopefully the Commission will be in a position to determine that there is no way to create a situation in the property that will be economically viable. Thank you very much for your assistance in this process and thank you for your consideration in meeting with us about the possibility of commercial usage. Executive Director Enclosures:Bid for demolition costs Itemization on landscaping New profit and loss projections Re-submitted estimate on repairs needed (Anderson and Associates) FEB-14-8003 1&:~4¢4 FROM: T0:95894~I p:l/l IOWA'S CORPS, DUBUQUE, U.S.A. February 12, 2003 Wally Wemimont Assistant planner City Hall Dubuque, Iowa 52001 Dear Mr. Weraimont: We have been unable to find a taxable partner to pursue grants and programs for renovation of 1112-1114 Central Avenue. As you know, tax credits and tax abatement programs would not be of use to us as a 501-e-3. We have secured a second and independent estimate of the costs of repairs that are needed on the buiIding, and they essentially support the original estimates presented. We will finish pulling together this information soon, and this information will document the fact that a reasonable economic return is not possible in this property as it stands and we will reiterate our request for a demolition permit To fully comply with the requests for information, we require an extension on the time we have avalible. We whereby request that our application for a demolition permit be tabled until the March 20, 2003 meeting of the Historic Preservation Commission. Excellence since 1963 DUBUQUE, IOWA 52G~t-0515 TELEPHONE ('~63) 562-4872 FAX (563) $$2-7317 ANDERSON Design & Consulting, Inc. Architectural & Engineering Design 169 Main St. P.O. Box 735 Dubuque IA 52004-0735 Tel: 563-582-7241 Fax: 563-582-7243 Email: jland~rson~rndeodusa.net December 2, 2002 CITY OF DUBUOUE DEC 03 ZOOZ Wally Wemimont, Assistant Planner Planning Services Department City Hall 50 West 13th Street Dubuque, IA 52001 RE: Demolition Request for 1112-1114 Central Avenue Dear Mr. Wemimont: On behald of the Colts Drum & Bugle Corps, we are requesting a 30-day extension for submittal of infomtion for the demolition request. It is our understanding that the meeting would be on January 16, 2003 and that the information that you have requested would be required in your hands by December 30, 2002. Thank you. Sincerely, Jerry L. Anderson President/General Manager JLA:jw c: Greg Orwoll OPTION TO PURCHASE OPTION TO PURCHASE REAL ESTATE This Agreement made this 1st day of Auqust, 2002, by and between LEGIONNAIRES DRUM & BUGLE CORPS, INC., the "Grantee", and MICHAEL J. VISINTIN, a sinqle ~erson, the "Grantor". In consideration of the sum of Two Hundred Dollars ($200.00) in hand paid by the Grantee to the Grantor, the receipt of which the Grantor hereby acknowledges, and according to the mutual covenants and agreements contained herein, the parties agree as follows: 1. Optioned Property To Purchase. The Grantor hereby grants to the.Grantee the exclusive option to purchase, in accordance with and pursuant to the terms and conditions 'set forth below, the following described real estate in Dubuque County, Iowa, to-wit: - 1112-1114 Central Avenue, Dul~uque, Iowa, legally described as: the North 34 feet and South 32 feet 8 inches of the South 66 feet 8 inches of the South 2/5 of City Lot 446, in the City of Dubuque, Iowa. (The parties agree a more detailed legal deScription may be inserted later.) 2. Date Option Opened and Option Period. This option shall commence on the date of this Agreement and shall be effective until October 1,2002, (the option Pedod) at which time the option shall expire unless exercised as provided below. 2! 3. Exercising Option. The option herein granted shall be deemed fully exercised if written notice of election to purchase is delivered or mailed by the Grantee to the Grantor at any time within the option period. Notwithstanding any change in the ownership of the above-described property by operation of law or otherwise, the notice of election exercised by the Grantee to purchase said rea] estate shall be sufficient if de posited in the mail, addressed to the Grantor named herein at their last known address, and the notice shall extend to and be bindin~ on the representatives, successors and assigns of the Grantor. Failure by the Grantee to ~ ~ve notice within the time specified in the option pedod shall terminate this option, and all rights granted or acquired shall, without further act or notice of any kind, expire and become null and void, time being of the essence; provided, however, the Gr~nto~o-~h~-i~--entitl, ed to retain any~pt~o,q- monies paid~qer-eunder~he Grantee fails to exercise the option. 4. Purchase Price. If this option is exercised and a purchase consummated, the Grantee shall pay the Grantor the sum of $61,500.00 in cash at the closing of the above- described real estate. 5. Consideration. If the purchase is consummated, the $200.00 consideration paid by the Grantee to purchase this option shall be applied [oward and credited against the purchase price. In the event that Grantee fails to exercise this option within the option period, the $200.00 amount paid as consideration for this option shall be retained by the Grantor in full satisfaction for granting this option and for holding the property for the option period. 6. Closinc! and Documents. At closing and upon payment of the purchase price, the Grantor agrees to execute and deliver to Grantee a Warranty Deed conveying marketable title to the above-described real estate, free and clear of all liens, encumbrances, an~ and by exerci..sing the option, the Grantee agrees to Bay the. Grantor the purchase pdca on the closing date. Immediately upon receiving notification of the Grantee's intention to exercise this option, Grantor,shall have the abstract or abstracts of titie to the above-described real estate continued to date, and delivered to the Grantee or'it's attorney for title examination prior to closing. Any expense for abstract continuation of the above-described real estate shall be borne by the Grantor. Closing shall be held thirty (30) days from the date that Grantee exercises this option, unless sooner agreed upon. In the event that Grantor is unable to deliver marketable title to the above-described real estate free and clear of all liens, encumbrances, and tenancies on the closing date, the Grantee may.elect to declare this option at an end and all money paid by the Grantee for this option shall be returned to Grantee; provided, however, that the Grantor shall have thirty (30) days from the date on which the Grantee gives to the Grantor written notice of its objections to the title within which to cure any defect'in the title to the satisfaction of Grantee. 7. Real Estate Taxes. Real estate taxes shall be pro-rated and apportioned between Grantor and Grantee to the date and delivery of the warranty deed conveying title from GFantor to Grantee on the basis of the fiscal year for which they are assessed. 8. Delivenf Date. Notice pursuant to this option shall be in writing and shall be deemed given when delivered in person or upon deposit in the United States Mail, postage prepaid by registered or certified mail, return receipt requested, to the Grantor. Notice to the Grantor shall be addressed to Grantor at their last known address. 9. Grantor Environmental Warranty. Grantorwarrants to Grantee thatthe property is free of underground storage tanks, asbestos and hazardous substances and there is rLo presence on the property of nd~und~torag~~dr asbestos (and the Hazardous ' Substance Condition of same) or contamination of the property with petroleum, asbestos or hazardous substances. A "Hazardous Substance" for purposes of this Agreement has the same definition as in the Comprehensive Environmental Response, Compensation and Liability Act, as amended ("CERCLA") at 42 U.S.C. Section 9601(14). "Petroleum" for purposes of this Agre, ement has the same definition as in the Solid Waster DispOsal Act as amended ("SWD,~" or"RCRA") at42 U.S:C. Section 6991 (8). A "Hazardous Substance Condition" for purposes of this Agreement is defined as the existence on the property of Petroleum, Asbestos or other Hazardous Substance that requires cleanup under applicable federal, state, or local laws, rules, or regulations. In the event Grantee determines the &ubi?eC~-_p. rppex~v~ ~s ¢¢_sLa~inated with a asbestos Or hazardous substance and has a hazardous substance condition as defined in this Par. 9, the Grantee has at it's option the right of cancellation of this option to purchase, and the Grantor shall return the $200.00 option consideration to Grantee. 10; Grantee Inspection. Grantorand Grantee agree that at reasonabletimesdudng the term of this option agreement, Grantee may enter upon the prope.rty and make, at Grantee's cost and expense, any inspections, tests, surveys and studies of the property which Grantee may desire. Grantee shall give Grantor not less than twenty-four (24) hou rs' pdor notice of any inspections or testing of the property. Grantor may have a representative present (at GrantoCs expense) at all phases of any testing and analysis, and Grantee shall provide Grantor with a split sample of all samples taken from the property: In addition, Grantee shall make such inspections, tests, surveys and studies with a minimum of interference to Grantor. 24 11. Option Conditions. This Option Agreement is subject to the following conditions and if any of the conditions in subparagraph (a) or (b) herein, are not granted during the option pedod, the Grantee may elect to declare this option at end and all money paid by the Grantee for this option shall be returned by the Grantor. (a) Zoninq. Grantor and Grantee understand and agree that the purpose of this option is,for Grantee to study and consider the construction of a parking lot on the premises; to perform such parking lot zoning must be obt~'ined from the City of \. Dubuque, 10wa Zoning Commission. This option is conditioned upon Grantee obtaining the appropriate zoning so it is able to construct and operate a parking lot on the premises. All expense of zoning shall be the expense of Grantee. (b) Survey and Soil Bodnqs. Up to the sum of $100.O0'surveying and platting the property to locate and determine boundary lines, and final legal description shall be expense of Grantor. Any soil bodngs required to determine the soil conditions for the construction of a parking lot shall be the expense of G ran'~ee. if'the soil conditions prevent the construction and operation of a parking lot, this option shall be void. Up to the maximum cost of $100.00 the Grantor shall cooperate and agrees to execute, as property owner, any necessary documentation Grantee requi~:es to complete the conditions herein. 12. Grantor operates and manages the property, and pays for insurance and all utilities, etc. for tenants until they are evicted; further, Grantor shall issue at his expense all legal notices of tenant eviction who shall be removed from the property within thirty (30) 25 days of closing, and Grantor shall be responsible for all Landlord/Tenant responsibilities in tenant eviction. 13. Bindinq Effect. This option agreement shall be binding on the parties hereto, their heirs, administrators, executors, successors, and assigns, and shall run with the land. Grantee shall have the dght to assig n this option and if an assignment is exercised, written notice thereof shall be served upon the Grantor. 14. Sellinq Commission Fee. If any selling commission fee is incurred as a result of this option and real estate sale, such expense shall be the sole expense of Grantor. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the foiiowing dates. Dated: ~ ! ,2002 Legionnaire Drum & Bugle Corps, Inc., an Iowa Non Profit Corporation; Grantee ~"~ohn Woodin - President Beth Miller- Secretary Dated: ~ (.,) ~-¢J / ,2002. Michael J. Visintin - Grantor A Single Person 26 STATE OF IOWA ) - .. )SS: COUNTY OF DUBUQUE ) On this / day of ~ , 2002, before me, the undersigned, a Notary Public in and for said County an;J State, personally appeared JOHN WOODIN AND BETH MILLER, to me personally known, who being by me duly sworn, did say that they are the President and Secretary respectively, of said corporation; that no seal has been procured by the said corporation; that said instrument was signed on behalf of said corporation by authority of its Board of Directors; and that the said JOHN WOODIN AND BETH MILLER, as such officers, acknowledged the execution of said instrument to be the voluntary act and deed of said corporation, by it and by them voluntarily executed. STATE OF IOWA ) ) ss: DUBUQUE COUNTY ) On this /5¢ day of Notary Public in and for s~id .State ! COMMISSION NO. 171741 ~ MY COMM/,~ION I OCTOBER 26~ 2002 ,2002, before me, the undersigned, a Notary Public in and for said CoUnty and State, personally appeared Michael Jr Visintin, a single person, to me known to be the identical person named in and whb executed the foregoing instrument and acknowledge that he executed the same as his voluntary act and deed. Pub ~"~'inV~d ~r Said State Number 174¢130 ~ AMENDED OPTION TO PURCHASE REAL ESTATE This Amended Agreement is made this //?' day of September, 2002 by and between LEGIONNAIRE DRUM & BUGLE CORPS, INC., the ~Grantee", and MICHAEL J. VISINTIN, a single person, the "Grantor", to wit: Whereas, Grantee and Grantor entered into an Option to Purchase Real Estate dated August 1, 2002, and the parties hereby amend such option as follows: 1. Paragraph 2 is amended by deleting the da~e October 1, 2002 and · substituting the date November 15, 2002. Paragraph 4 is amended by deleting the sum of $61,500.00 and substituting the sum of $63,000.00. All other provisions of the August 1, 2002 Option remain in full force and effect, except for the amended provisions herein. IN WITNESS WREREOF, the parties hereto have caused this amended agreement to be executed On the following dates. D'ated: $¢---P /'~' ,2002 Dated: ~../~4- ~/¢) ,2002. LEGIONNAIRE DRUM & BUGLE CORPS, iNC., an Iowa Non Profit Corporation; Grantee ~ John Woodin- President _ Beth Miller'- Secretary A Single Person 28 STATE OF IOWA ) )SS: COUNTY OF DUBUQUE ) On this /~ day of_.. ~'/-2;'~,'~- ~-Z~, 2002, .before me, the undersigned, a Notary Public in and f(~r said County and state, personally appeared JOHN WOODIN AND BETH MILLER, to me personally known, who being"~by me duly sworn, did say that they are the President and Secretary respectively, of said corporation; that no seal has been procured by the said corporation; that said instrument was signed on behalf of said corporation by authority of its Board of Directors; and that the said ,JOHN WOODIN AND BETH MILLER, as such officers, acknowledged the execution of said instrument to be the voluntary act and deed of said corporation, by it and by them voluntarily executed. ELSIE M. WELSCH COMMISSION NO. 115575 MY COMMISSION EXPIRES Notary Public in and for said State STATE OF IOWA ) ) SS: DUBUQUE COUNTY ) On this day of ,2002, before me, the undersigned, a Notary Public in and for said County and State, personally appeared Michael J. Visintin, a single person, to me known to be the identical person named in and who executed the foregoing instrument and acknowledge that he executed the same as his voluntary act and deed. Notary Public in and for said State 29 STRUCTURAL REVIEW AND RESTORATION COSTS ANDERSON Design & Consulting, Inc. Architectural & Engineering Deaign 169 Main St. P.O. Box 735 Dubuque IA 52004-0735 Tel: 563-582-7241 Fax: 563-582-7243 Ernail:jlanderson~m¢l~:xtusa.n~t STRUCTLrRAL REVIEW OF 1112 & 1114 CENTRAL.AVENUE 4-PLEX I reviewed the site on October 3, 2002, and have the following comments: 1. The west gable ends lean slightly toward the east. Simple shoring has been placed in the attic to pr.event additional movement. A.more permanent solution needs..to be provided. 2. The northeast porch structure appears to have numerous mttlng structural elements. Repair 3. The ends of the first floor joists rest on the stone foundation. A number of these need additional support added to maintain structural stability. 4. At several locations, the mortar of the brick building exterior has eroded away due to leaking or missing gutters and downspouts. Spot tuckpointing is recommended. 5. Approximately 10' of foundation was removed to allow ducts to pass to a crawl space. temporary loose brick support piling was placed to support the brick structure above. more permauent solution is advised. 6. The frieze board and related eave moldings are loose and rotting. Sincerely, Paul Rossiter Professional Engineer PR:jw ~[(]? 'A· ! ND,ERS ON Design & Consulting, Inc. Architectural & Engineering Design 169 Main St. P.O. Box 735 Dubuque IA 52004-0735 Tel: 563-582-7241 Fax: 563-582-7243 Email: jlander~on~mcleodusa.net CONDITION OF 4-PLEX STRUCTURE 1112 & 1114 Central Avenue, Dubuque, IA On October 3, 2002, we toured the site and building. The building has 4 apartments, 2 on the first floor and 2 on the second floor. The units are separated by a brick wall with 2 units on the north side and 2 units on the south side. We were able to visually inspect all units, both basements and the south attic. The north attic west end was visible thru a small opening. Our observation and comments (including some information provided by the owner) follow: CONCLUSION Plumbing Plumbing system is in need of substantial repair and replacement. Valves are worn, pipes are poor draining, and one sanitary pipe slopes the wrong way (1 toilet room is unusable) Water pipes are limed up (1 pope is plugged). Electrical Electrical system- There are two electrical services, one for each side of the building. Each service provides electricity for two apartments. 1112 has a newer 100A breaker box. 1114 has an old.60 amp fuse panel. The wiring is old, there is a deficiency in number of 0utlets and not sufficient service to nm air conditioning units. Heating & Cooling Thd heating system for 1112 is an old coal furnace converted to gas. It serves two apartments with hot air. There is no capability for cooling. The heating system for 1114 is an old cast iron boiler and serves two apartments. There is no provision for cooling. Exterior There is evidence of roof leaks in the valley between the sloped roofs. The roofing over the rear portion of the structure needs counter flashing. The freeze boards and cornice are loose and rotted. Gutters and downspouts need replacing. The brick is in need of tuckpointing in numerous areas including corners, rear parapet and areas where downspouts leak or are missing: The west gable ends have temporary supports in the attic. The gable brick appears to be leaning into the attic. Permanent repairs are needed. Windows are rotting, balances are failing, sills are rotting and are old and not energy efficient. Replacement is needed. 30 Condition of 4-Plex Structure Page -2- ANDERSON Design & Consulting, Inc. Exterior doors are in need of repair and should be replaced. The front porch is missing and the concrete steps need repair. The northeast porch roof and structure appear unsafe, leaking and rotting, replacement of most of it needed. The southeast porch roof, rear addition parapets and shingled cricket over the main structure needs attention. The off-street parking is not hard surface. Interior The kitchen appliances appear all in poor condition. The cabinets are in poor condition. The plumbing piping and valves are in very poor condition. The bathroom plumbing and cabinets are in bad shape, one bathroom is closed off and does not work. All flooring needs to be replaced. The walls and attic are not insulated. Painting is needed throughout. 31 Design & Consulting, Inc. Architectural & Engineering Design 169 Main St. P.O. Box 735 Dubuque IA 520044735 Tel: 563-582-7241 Fax: 563-582-7243 Email: jlanderson~rneleodusa.net RESTORATION OF 1112 & 1114 CENTRAL 10/7/02 EXTERIOR Replace windows Replaced rotted freezeboard Shore west gable ends Tuckpoint bdck & foundation & parapet New front (west) pomh & step repair New NE porch structure SE pomh roof & shingled cdcket 36 ~ $500 $18.000.00 240' (~ $25 $6,000.00 2 @ $1500 $3,000,00 $10,000.00 $6,000.00 $6,000.00 $2.000.00 $51.D00.00 INTERIOR Kitchen appliances Kitchen plumbing Bathroom plumbing New floodng Replace electrical N.ew heating & cooling Attic insulation Carpentry labor 4~$600 $2,400.00 4~;~$1000 $4,000.00 $6,400.00 4~$3500 $14.000.00 $14,000.00 550sy1~$20 $11,000.00 2@$4000 $8,000.00 41~$4500 $18,000.00 2400~$1 $2,400.00 $10,000.00 $49,400.00 GRAND TOTAL $120,800.00 ee' i Design & Consulting, Inc. ~lrchitectural & Engineering Design 169 Main St. P.O. Box 735 Dubuque IA 52004-0735 Tel: 563-582-7241 Fax: 563-582-7243 Email: jla.nderson~.xn¢leedusa, net RESTORATION OF 1112 & 1114 CENTRAL 10/7/02 EXTERIOR Replace ~ndows I~eplace enmJ doors · Replaced rotted freszebcard Sl~ore w~st gable ends T~ckpoint brick & foundation & parapet New front (west) porch & step repair New NE porch structure SE porch roof & shingled cricket Resurface parking ares 36 (~ $500 $18,000.00 6 @ $700 $4,200.00 240' @ $25 $6,000.00 2 @ $1500 $3,000.00 $15,000.00 $6,000.00 $6,000.00 $2,000.00 1400 St' @ $5 $7,000.00 - $67,200.00 INTERIOR DEMOLITION DRYWALL DUMPSTER Kitchen appliances Kitchen cabinets Kitchen plumbing Bathroom plumbing Bathroom cabinets New flooring Replace electrical New heating & cooling Attic insulation Wail insulation Painting Carpentry labor 4 @ $600 $2,400.00 4 ~;~ $1500 $6,000.00 4 @ $1000 $4,000.00 $12,400.00 4 @ $3500 $14,000.00 4 ~ $400 $1,600.00 $15,600.00 550sy~$20 $11,000.00 4~$4000 $16,000.00 4@$4500 $18,000.00 2400sf~$1 $2,400.00 4000sfi~$1 $4,000.00 4@$2500 $10,000,00 $10,000.00 $71,400.00 22000sf~$1 $22,000.00 22,000sf~$1 $22,000.00 20~$570 $7,400.00 $51,400.00 GRAND TOTAL $218,000.~ 32 10799Wal~e~voodDdve Dubuque, lovca52003 P 563.588.9516 F 563,588,9519 TRICON RESTORATION OF 1112 & 1114 CENTRAL EXTERIOR Replace windows 36 ~ $525.00 Replace entry doors 6 @ $640.00 Replaced rotted freezeboard 240 ft @ $22.75 Shore west gable ends 2 , @ $3,200.00 Tuckpoint brick & foundation & parapet 1 @ $18.360.00 New front (west) porch & step repair I @ $4,200.00 New NE porch structure 1 @ $1,800.00 SE porch roof & shingled cricket 1 (~ $2,500.00 Resurface parking area 1400 sf (~ $1.75 INTERIOR Kitchen appliances 4 (~ $900.00 Kitchen cabinets 4 (~ $2,500.00 Kitchen plumbing 4 @ $1,500.00 Bathroom plumbing 4 @ $1,500.00 Bathroom cabinets 4 @ $500.00 New trim interior 36 ~ $173.33 New flooring 550 sy @ $18.00 Replace electrical 4 (~ $3,000.00 New heating & cooling 4 @ $3,900.00 Attic insulation 2400 sf @ $0.60 Wall insulation 4000 sf @ $0.32 Painting 4 @ $2,200.00 Carpentry labor 1 ~ $15,840.00 DEMOLITION 22,000 sf @ $0.60 DRYVVALL 22,000 sf @ $0.94 DUMPSTER , ' 20 @ $350.00 $18,900 $3,840 $5,460 $6,400 $18,360 $4,200 $1,800 $2,500 $2,450 $63,910.00 $3,600 $10,000 $6,000 $19,600.00 $6,000 $2,000 $8,000.00 $6,240 $9,900 $12,000 $15.600 $1,440 $1,280 $8,800 $15,840 $71 ,'100.00 $13,200 $20~676 $7,000 $40~876.00 - GRAND TOTAL $203,486.00 BUILDING QUALITY PROJECTS BY EXPECTING THE BEST Constru~ion, lnc. General Contractor RESTORATION OF 1112 & 1114 CENTRAL EXTERIOR Replace windows Replace entry doore Replaced rotted freezeboard Shore west gable ends Tuckpoint bdck & foundation & parapet New front (west) porch & step repair New NE porch structure SE pomh roof & shingled cricket Resurface parking area 36 @$500 $18,000 6 @$700 $4,200 240 ff@$25 $6,000 2 @ $1.500 $3.000 1 @$15,000 $15,000 1 @$6,000 $6,000 I @$6,00O $6,000 I @$2,000 $2,000 1400 sf@$5 ~ INTERIOR Kitchen appliances Kitchen cabinets Kitchen plumbing 4 @ $600 $2,400 4 @$1.500 $6,900 4 @$1,000 $4,000 $12,400.00 Bathroom plumbing Bathroom cabinets 4 @ $~500 $14.000 4 @ $400 $1,600 $15,600.00 550 sy@$20 $11,000 4 @$4,000 $16,000 4 @$4,500 $18,000 2400 sf@$1 $2,400 4000 ~@$1 $4,000 4 @$2,500 $10,000 1 @$10,000 $10,000 New flooring Replace electdcel New heating & cooling Attic insulation Wall insulation Painting Carpentry labor DEMOLITION DRYWALL DUb1PSTER 22,000 ~@$1 $22,000 22,000 sf@$1 $22.000 20 @$370 $7,400 $51,400.00 GRAND TOTAL $218.000.00 HOUSING AND COMMUNITY DEVELOPMENT RENTAL INSPECTION WRITE UP To: Colts Dx-am amd Bugle Corps Fr: Dick Firzlaff Rehab Inspector Re: t 112-1114 Central Ave. Based on the March _4, 2000 inspection the following items would need to be bid to meet Kebab. Housing Standards: 1. Plans and Permits 2. Gut unit 3. Repair wood soffit and fascia 4. Replace flat roof with rubber membrane system 5. Rebuild yankee =matters 6. Replace exterior doors 7. Replace interior doors 8. Fke door to unit 9. Install storm doors 10. Replace windows 11. Replace water heater Tz. ~eptace water trues, gas~r~S,w~aste, plumbing fixtures 13. Install new furnace 14. Rewire .unit 15. Insulate attic, side walls, box sill 16. Install new drywall, sprayed and painted 17. Inst~oil new wire doors, windows, base, closet shel;~g 18. install k:.tchen cabinets and counter~op 19. install kitchen vent hood 20. Inmail flooring ( carpet and vinyl) 21. Rebuild two side porches per HPC 22. Remove peeling paint from brick surfaces 23. Install c~utral ~ 24. Replace deteriorated concrete around building 25. Repair garage 26. Shore up west end of building per Anderson Desigu 27. Repair deteriorated brick, foundation around building. · 28. Install fire extinguisher 29. Clean out basement, install handrails 30. Additional cost to meet lead paint abatement standards $ 500.00 $2500.00 $ 500.00 $1400.00 $ 375.00 $1375.00 $1875.00 $ 500.00 $ 300.00 $ 5750.00 $ 500.00 $7000.00 $2600.00 $ 4O00.0O $1445.00 $7000.00 $2000.00 $4000.00 $ 200.00 $4000.00 $1500.00 $ 500.00 $1500.00 $ 250.00 $1000.00 $ 500.00 $1750.00 $ 15.00 $ 200.00 $ included Total Cost to rehab one unit $55035.00 x 4 = $220,140 Opti~nai Bid: Build front porch to match one that was removed. Check with Leras College Library for possible pi~are. $8000.00 Total Cost $228,140 CONVENTIONAL FINANCING AND FINANCIAL INCENTIVES FINANCING INFORMATION 1112 & 1114 CENTRAL AVENUE PROPERTY Purchase of this property will be financed by East Dubuque Savings Bank. 14 J~N-06-2003 MON 04:58 PM ERST DBQ SRVINGS BRNK FAX NO, 583 588 24u'[ ., uz January 6, 2003 Laura Carstens Planning Services Manager Planning Services Department 50 West 13th St. Dubuque, IA 5200'1 RE: Colts Drum & Bugle Corps purchase of 1112-1114 Central Ave Dear Laura; I am writing to you at this time at the request of Mr. Greg Orwoll, Executive Director Df the Colts Drum and Bugle Conpe. East Dubuque Savings Bank has approved a loan for the Purchase of the aforementioned property and for the additional funds required to convert the property from its current use to that of a paking lot to be utilized by the Colts Drum and Bugle Corp, The approval is contingent upon the corp obtaining all necessary permits from the city. If you have any questions regarding this matter feel free to contact me at your earliest convenience. Patrick A. Hutohins City of Dubuque Housing Office 1805 Cen'cal Avenue Dubuque, Iowa 52001 56.3-589-4239 Fax: 563-589-4239 August 2001 ' THE FOLLOWING IS A CURRENT INVENTORY OF PROGRAMS ADMINISTERED BY THE HOUSING SERVICES DEPARTMENT, WHICH ARE AVAILABLE TO DEVELOPERS iNTERESTED IN PROVIDING AFFORDABLE HOUSING IN DUBUQUE: 1. HOME Rental Rehabilitation Program Up to $25,000 per unit may be loaned, for 20-years, for rental unit rehabilitation. Initially, the loan is deferred, at no interest. When payments begin, the interest rate is 3%. Owners have a matching requirement. Low-income tenants are a requirement. Contact Joleen Patterson, at the Housing & community Development Department, 589-4239. 2. Community Development Block Grant Program (CDBG) These funds are also used with rehabilitation projects. Amounts, terms, rates and payment schedules are set according to project needs. The intent use of these funds is to provide the developer sufficient assistance to make the rents "affordable" to eligibie residents. Contact Joleen Patterson, at the Housing Department. 3. Moderate Income Rental Program This program provides 20-year loans for rehab of units which may be occupied by tenants earning up to 80% of area median income ("moderate income"). No Section 8 tenancy is required. Up to $10,000 per unit may be loaned. There is no initial deferral of payments. Interest rate is 3%. Owners have a matching requirement. Contact Joleen Patterson, at the Housing Department. 4. Tax Abatement Dubuque has an 'Urban Revitalization" program, under which real estate taxes, based on assessed value at purchase, are "frozen" for a 10-year pedod, providing certain property improvements are made. The advantage to the owner is that no additional taxes are levied on the property, for those improvements, for a 10-year period. Contact Aggie Kramer, at the Housing Department, 589-4212. 5. Tax increment Financing For properties located within Urban Renewal District boundaries, 15-year, 3% loans, up to $300,000 per building, are available. Interest-only payments are made for the first 3 years. This loan pool is capitalized through TIFD revenues. Income and rent restrictions do not apply. Contact Pam Myhre, at the Economic Development Department, 589-4213. 6. Affordable Housing Program (AHP) This program offers flexible terms, depending on project need, for purchase or rehab, in order to keep rents affordable. It is administered by the Federal Home Loan Bank in Des Moines through local participating lenders. Low-income benefit required. Contact Curt Heidt, at FHLB, 515-281-1175. 7. Low Income Rental Tax Credit Administered by the Iowa Finance Authority, this program offers substantial federal tax benefits to the owner, provided the tenants remain Iow-income for a multi-year pedod. Contact Tim Waddetl, at IFA, 515-242-4990. 8. Historic Rehabilitation Tax Credit For properties located within one of Dubuque's five Historic Districts or designated as land mark properties, approved rehab can result in significant federal tax credits. This program is jointly administered through the City and the State Historic Preservation Office in Des Moines. Contact Pam Myhre, at the Economic Development Department. 9. Iowa Historic Rehab Tax Credit New this year is a State credit program, offedng 25% credit for histodc rehabs. Administered through the Historic Preservation Office in Des Moines. Contact Judy McClure, at SHPO, 515 281-8637. 10. Housing Assistance Fund (HAF) This program is administered by the Iowa Finance Authority. It offers the owner- developer financial assistance, for any type of project cost. Terms are flexible, depending on project need, while keeping the rents affordable to Iow-income individuals or families. Contact IFA, 515- 242-4990. 11. State of Iowa HOME Program This is administered by the State Department of Development (IDED) in Des Moines. Developers may apply directly to IDED for these funds, which are provided as grants or loans for projects guaranteeing affordable rents. Low-income tenants are a requirement. Contact Al Collett, at I DED, 515-242-4753. 12. HUD Section 108 Loan Guarantee Program For projects needing "gap" financing, this Program can access private secondary market funding sources. The City must sponsor this appliCation, as CDBG funds provide the loan guarantee. Below-prime interest rates on long-term loans are available. Contact Pam Myhre, at the Economic Development Department. 13. Local Housing Assistance Program Another program offered through the Iowa Dept of Economic Development, providing annual funding competition for municipalities to access for a vadety of housing development or rehabilitation programs. The City can prepare an application in behalf of an intended project, for a specific developer. This program has been discontinued. 14.Enterprise Zone Rehabilitation projects located within designated Enterprise Zone boundaries are eligible for an exemption from State sales taxes; and a 10% Iowa income tax credit. Contact Amy Johnson, at IDED, 515 242-4815. 15. Lead Paint Hazard Reduction Program The Housing Department offers a HUD lead paint removal assistance program, with $5,000/unit grants made available for rental properties in downtown neighborhoods. Income and rent restrictions apply, for 3 years. Contact Kathy Lamb, at the Housing Department, 589-1724. FOR HOME PURCHASE ASSISTANCE: 1. First-Time Homebuyer Program City CDBG-funded program offers $5,000 downpayment loans to Iow-moderate income buyers. Terms ara 15-years, 0% interest; payments deferred for lower-income borrowers. Contact Joleen Patterson, at the Housing Department. 2. Affordable Housing Program (AHP) Offered through the Des Moines Federal Home Loan Bank, application is made through local participating lenders, sponsored by the City. Low-income benefit is emphasized. Has been a useful financing tool for promoting first-time homeownership; funds received as a grant from the FHLB and can be made available to borrowers as grants or loans. Contact the Housing Department or any local member lending institution for more information. in addition, a racent American Trust publication is attached, delineating the variety of programs most local lenders access to assist buyers for home purchase. While some of the numbers are out of date, this illustrates that there are quite a number of programs available. Contact any local lender for more information on these programs. The Housing Department is available to assist in your application for any of these programs. Contact Joleen Patterson or David Harris, at 589-4239. DH/in FACT SHEET 4 Tax incentives !reproving Accessibility The Americans with Disabilities Act Fact Sheet Series September 4, 1998 ADA Fact Sheets in this series: Fact Sheet t. Who Has Obligations Under T~e Eft? Fact Sheet 2. Providing Effective Communication Fact Sheet 3. Communicating ;sqth People vdth Disabilities ' Fact Sheet 4. Tax Incentives for Improving Accessibility Fact Sheet 5. Alternatives to Barrier Remox~ Fact Sheet 6. Reseu~ees for More Information To obtain additional copies of any fact sheet in this series, contact your Disability and Business Technical Assistance Center. To be automatical~~ connected to your regional center, ~ 1-800-949-4AD/'- This fact sheet may be copied as many times as desired by the Disability and Business Technical ASsistance Centers for distn'btttion to ~nall businesses but may not be reproduced in -v~nole or in part and sold by any other entity without written permission bom the authors- © 1992 Adaptive Environments Center, Inc. http:l/v,w,~w.usdoj.gov/crffaaairaxpacichtm 08/23/2002 ~_~ ~om the Nav_onal instrmte on Disab~. and Re~ 'habilitation Der=loped under a ' ' "' ' ..... Research (~o*~t #H133Di0!22). Adaptive Environments Center, Inc. and Barrier Free Environments, Inc. are authorized by the Natloml Institute on Disab~ and Rehabilitation Research (NIDRR) to develop/nformafion and materials on th3_/Xanefieans with Disabilities Act (ADA). Ho~rev~, you should be aware that NIDRK is not responsible for enforcement of the ADA. The information presented here is intended gole~ as informal guidance, and is neither a determination ofyour legal rights or respons~'v'flities under the AD_a,. nar binding on any agency. with enforcement responsfl)ilily under the ADA. page) Fact Sheet 4 Tax Incentives for Improving Accessibility Two tax/ncenfives are available to businesses to help cover the cost ofrn~k~ng acee~ imnroveme~s. The first is a tax credit that can he'used for architectural adaptations, equipment acquisitions, and ~rvices such as sign language interpreters. The second is a tax deduction that can be used for architecture! or transportation adaptations. (NOTE: A tax cx~dit is subtracted 15om your tax tinbifity after you calculate your tax~, while a tax deduction is subtracted from your total income before taxes, to establish your taxable income.) Tax Credit The taxeredit., established under Section 44 of the Internal Revenue Code, ~..s created in i990 ~mecifi 'cally. to help small bus~mes~oes cover .~-~DA-mlat~ e~q~!e access expev~ndL~es. A bus'ess that for the previous tax year had either revenues of $1,000,000 or less or 30 or fewer full-time workers may take ad-,~ntage of this credit. T~e credit can ~ used to http >~/www.usdoj.gov/crffadaitaxpackShtm 0g~3/2002 cov~r a vafieW of cxpendlm~es, -'mctudh~g: proxSsion cf readers for customers or employees with visual disabilities m~rpr_~.ers provision of sigma ~guage' ,8 ~, purchase of adaptive equipment production ofaccess~le formats of printed materials (i.e., Braille, large print, audio tape, computer diskette) remox~ of architectural barriers in fac'~es or vehicles (alterations must comply with applicable access~ility standards) fees for consulting services (under ce_~_in circmnstances) Note that the credit cannot be used for the costs of new consmmtiom It can be used only for adaptations to existing facilities that are required to comply with the ADA. The amount of the tax c~edit is equal to 50% of the eligible access expenditures in a year, up to a max/mum expenditure of $10,250. There is no credit roi the first $250 of expenditures. The maximum tax credit, therefore, is $5,000. Tax Deduction The tax deduction, established undar Section 190 of the Internal Revenue Code, is now a maxfmum of $15,000 per year a rednotton from the $35,000 that was available throngh December 31, 1990. A~bnsmess (including active any size may use this deduction for the removal of architectural or trausportation barriers. The renovations under Section 190 must comply with applicable accessu3:n2ity standards. Small businesses can use these incentives in combination if the expenditures incurred qualh~ un~r both Se~ion 44 and S~tion 190. For example, a small business that spemds $20,000 for access adaptations may take a tax credit of $5000 (based on $10,250 of expenditures), and a deduction of $15,000. The deduction is equal to the difference between the total expenditures and the amount of the credit claimed. Example: A small business' use of beth mx credit and lax de,.+action $20,000 cost of access improvements (rest room. rmnp, 3 doors widened) - $5,000 ma~m',Im credit $15,000 remaining for deduction (footer) Produced by Adaptive Environments Counter under contract to Barrier Fr~ En~Sronments, NIDR_R' ~ ~1-~i 33DI 0122 http://wa~-.usdoj.gov/crffada/taxpack.htm 08/23/2002 Fact Sheet 4 Tax incentives for Improving Accessibility Annual incenth'es The tax credit and deduction can be nsed armnally. You may not carry over expenses from one year to the next and claim a credit or deduction for,,the portion that exceeded the expenditure limit the prex, ious year. However, if the amount ofcredik you are ant~led to exceeds the amoum of taxes you owe, you may carry, forward the mused portion of the cradit to tbe fonow g year. For further details and information, re~5~, these incentives with an accountant or contact your local IRS office or the national address below. For More Information... Request IRS Publications 535 and 334for further kfformation on tax incentives, or Form 8826 to claim your tax credit. [RS Publications and Forms (800) g29-3676 Voice (800) 829-4059 TDD ~ Questions (g00) 829-1040 Voice (800) 829-4059 TDD · Legal Quesfiom Yknter,2a!~-! Revenue Serene Office ofthe Chief Counsel http../tw,m,,~.nsdoj.go¥1crt/adatmxpack.hl:m Og, -~3~ ~002 ESTIMATE OF THE COST OF THE PROPOSED DEMOLITION SEARKEY' S 'BUILDING WRECKING, HAULI-~G AND CAT WORK Dial 563-552-E877 17375 Highway 52 North : Durango, Iowa 52039 May 3,. 200'2 CoL~s Druma and~Bugle Corps 550 Wes~ 8th Street Dubuque~ I~wa55~O01~ \ Bid Proposal For removal of building located at 1112 and 1114 Central Avenue D~buque, Iowa 52001 BLd coz~sLst ofz 1.. Removal of huiIding complete,, also hauling brick away. 2- Basement walls removed two feet below sidewalk grade. 3- F~I basement with fill dirt siX i~ches below grade, so gravel can be ~t in. 4- Water amd sewer shut offs extra. For the sum of: $1~400.00 plus tax for each if there is two of them.. We furz~sh permits, all'mate~ia! and labor.. -For the sum o%~$18~00.00 pI~s tax and salvag~ ~ Half of sum to be paid upon starting Balance dueupon completion This price does not inct~de any removal of asbestos or asbestos abatement. · PH: (563) 557-7036 FAX: (563) 585-0274 WINGER CONSTRUCTION, INC. PROPOSAL 2175 Wa~hington Dubuque, Iowa 52001 002796. Narne:~ Colts ~mum & ~ugle llO1 Central Ave. Address: Dubq., Ta. ~001 D~e: May 5, 02 AT~ ~e followi~ is cost es~i~te ~v~ of existing bric~/fr~e buildi~ eas~ eo~ne~ of Z~h J G~im pe~i~ for ~emo[itl~ Open · c~ose s~ree~/a~Ae~ - ae~er/wate~ ~i~Z basemen~ z~e s~one compacte~ AzI pe~ city code. 8 ~V-R-~ MDN ~:~ ID: PRGE:2 SHARKEY'S BUILDING WRECKING, HAULING AND CAT WORK Dial 563-552-2877 17375 Highway 52 North Durango, Iowa 52039 Colts Drum and Bug]e 550 West 8th Street Dubuque, Iowa 52001 Corps Bid Proposal For removal of building located at 1112 and 1114 Central Avenue Dubuque Iowa 52001 Bid consists of: 1- Removal of building complete, also hauling brick away 2-'Basement walls removed two feet below sidewalk grade 3- Fill basement with fill dirt six inches below grade, so gravel can be put in 4- Water and sewer shut offs. We furnish all permits, all material and labor For the sum of $18,500, plus $2,800 for water and sewer shut offs, plus 6% tax. Total bid $22,578 Half of sum to be paid upon starting Balance due upon completion This price does not include any removal of asbestos or asbestos abatement. Sincerely, SHARKEY'S PARKING LOT COSTS PRELIMINARY SITE PLAN REVIEW May 24, 2002 ~Applicant: Business: Address: Project Location: Greg Orwoll ~ Colts Drum and Bugle Corps 1101 Central Avenue Proposed Parking Lot - NE corner of 11t" & Central Avenue The above referenced preliminary site plan dated May 15, 2002 and submitted on May 22, 2002, has been reviewed and 6 copies should be resubmitted to the Planning Services Department. to address the following concerns: 1) The following comments were received from the Planning Services Department. Please contact Kyle Kritz at 589-4210 if you have any questions. a) Application for variance from Zoning Board of Adjustment will be necessary to waive green space requirement. b) Screening must be provided as noted in Ken Buesing's letter of May 16th and Ron Turner's comments noted below. 2) The following comments were received from the Engineering Division. Please contact Ron Turner at 589-4270 if you have any questions. a) Add islands and landscaping to ends of the lot to delineate the property lines. b) Delete the westerly most stalls to avoid backing onto Central when exiting stalls, c) Reduce the stall depth of one row of stalls and make compact only. This should allow for the required screening along 11th Street. d) Add screening along 1 lt~ Street. People l~tesrit7 t~po~'bilit7 I~-~ovafion T~mwork 34 "Site ~lan Review - Colts Parking Lot at 11th & Central May 24, 2002 Page 2 e) Address drainage runoff patterns, flow, etc. Repair all defective sidewalk along 1.1t~ Street and Central Avenue, if any, as part of the site improvements. NOTE: The above comments are a result of staff's review of your submitted site plan. The Building Services Department still must review all Structural designs for compliance with Building Codes. If you have any questions or ~ssues that you w~sh to discuss, please contact Kyle Kritz at 319/589-4210. He will put you in contact with the appropriate staff person or set up a meeting with the appropriate department(s). Kylc=A['. -Kritz, I~a~'ning Services Ron Turner, Engineering Services -35 Oz O0 g~ I I. I I I ''l 36 .0~ 0'1- ~4~5 D Paying & Parking Lot Service odge Street Dubuque, Iowa 52003-2601 ropo aI/ ontrart "Paving The Way For The Tri-States" Phone (563) 556-6231 Fax (563) 568-1240 www,aperrnc.corn apetpack~dubuque.net Colts Drum And Bugle Corps Mr. Greg Orwll 1101 Cenlml Dubuque, IA 52001- Job #: 3226 ID: ColtDrum 9/19/02 Location 11th & Central Home C~: Business (563} 582-4872 Fa~c We hereby submit spec~ications and estimates for: ASPHALT PAVING FOR NEW PARKING LOT. This is an estimate and not a formal bid for work. A. Furnish and put in place 10" of compacted base stone. B. Install approximately 100' of 2' concrete curb and gutter, C. Make a curb cut on Central and install 2nd concrete approach and sidewalk. D. Pave approximately 9,000 sq. ft. with 4" of asphalt applied in two lifts. E. Layout and stripe lot. Estimate $20,250.00 This does not include any landscaping or back filling. Note: This proposal/~;y~_ withdrawn by us ' I~Silnature ~g~/~'~ if not accepted?(hin ;.~u~. days. '~ ' .~,a~__ ---- ~ ~ do ~e wo~ as ~fied. Payment ~iil be made ~ o~n~ a~e. OWNE~PURCHASER Signature Date of A~?a~: OWNE~PURCHASER Please sign and return the white copy to our office. 37 38 YL UESNER CONSTRUCTION, INC. ! O07 FIRST A VENUE NIV ~.~RLEY, I~4 $2046 ~563) 744-3422/ F.4X (563) 744-3146 ~ED ID # 42-1463491 NAME/ADDRESS 3PEG ORWALL sO BOX 515 )UBUQUE IA 52001 PROPOSAL DATE ESTIMATE # 1 914/2002 1261 LOCATION DESCRIPTION TOTAL OTAL AREA MEASURES 10l' X 71' PLUS 9'X 13' AREA TOTAL--- 7288 SQ FT. ALLOWING 10% 18,077.00 O BE LAID OUT IN GRASS OR TREES GIVES APPX: 6558 SQ FT LYlLNISH AND PLACE 10" BASE OVER APPX: 6558 SQ FT RADE AND COMPAC Lq~NISH AND PLACE 3" ASPHALT OVER APPX: 6558 SQ FT ~**DEDUCT $1183 = $16894.00 TO BE PAID DATE OF COMPLETIO~ ~THIS PROPOSAL IF FOR BUDGET NLrMBERS FOR 11TH & CENTRAL PROJECT. WOULD T.E TO SEE AREA AFTER BUILDING IS DOWN FOR FINAL ESTLMATE. E PROPOSE TO FURNISH MATERIAL AI~ LABOR - COMPLETE IN ACCORDANCE rm oVEs]'Ec c^x]oNs. S, N:5 TOTAL ,,8.077.00 AYMENT DUE UPON COMPL~ liON & CCEPTANCE. PROPOSAL MAY BE WITHDRAWN ¥ US IF NOT ACCEPTSI) WrrHIN ~F~DAYS. '39 SIGNATURE Landscaping and greenery cost Based on conversations with Colts volunteers familiar with these types of projects, the following costs are included in the profit and loss projection for reworking the property as a parking lot: 1. Green Space: Greenery planting in comers of lots required by code: 10 evergreen bushes at $40 each Labor donated $400 2. Fencing: Fencing along llthstreet requlredby code · 102 feet'of fencing $7.50 per foot mw materials cost Labor donated $750 Total cost for required work (Planning departmem estimate was $6,000) $1150.00 03/83/2003 0B: 2S 3!95B392B1 WAGbER NURSERY INO PAGE Bi CI~NTP. AD AVI~NUF~ 0~/0372003 68:29 3IB5839251 Klostermann & A~ociatcs 2636 Queen Streel Dubuque, Iowa 52001 Tel. 563 583-926i Fax 5623- 585-926il Anderson l:)ea~gn 8: Cca~utfing Inc. 169 Main Dubuque, Iowa 52~1 St~emem of Co~ Colts Partq-g Lot 1.3 Feoce Area ~,~ Central Ave 4 Hydra,ca V'me 2.75 Yrds ~ Mulch Cen~'al Ave Total #1 2.) Cedar :bland ~ Ave ~t. ~ha~,.&~r~ar ~2~Ca~p' 3 ~o~ ~ 3 ~ 4.5 Yr~ ~ To~ ~. Sto~ I~1~ T~d 3.)North Ish~t ~ Ave 1 Ch~ticleer Pta, r 9 Ooldfl~rne $~irea 3 AMora Amil~r 2.5 Yrds Banh Ton~ I~. Stone Id~d To~l 4. South Bland Central Ave 1 Chanticle~ Pear 9 &w. Spir~ 1.25 Yr& F. art Tone Dm. Stone Ifland Total 2" Catp. gal gal 2' Calp 3 gal lNG 17.00 $ 68.00 30.00 $ 82.50 $150.50 $248.00 $ 248.00 $27.95 $167,70 $27.95 $ I61.55 $ 27.95 $ 251.55 $ 30.00 $ 90.00 $ 80.00 $ 360,00 $1,027.52 248.00 $ 248,00 27.95 $ 251.55 30.00 $ 90.00 80.00 $ 200.00 $ 789.55 248.00 $ 248.00 27.95 $ 251.55 80.00 $100,130 $ 599.55 I gal. $ 12.95 $ 77.70 1 gal $12.95 $194.25 PAGE 82 03/0312003 B8:2~ 319583B25.1. WAGNER NLRSERY INC PAGE 1.66 Yrds Hardwood Mulch Alley Islands Total Labor to 6% Sale~ T~x Project To~ Note All mutch prices are Material and Labor $ 35,00 $ 58.10 $ 330.05 1,465.00 279.88 4,944.69 A SHOWING OF THE OWNER'S EFFORTS IN ONGOING MAINTENANCE AND REPAIR I 112 & 1114 CENTRAL 4-PLEX MAD,iTENANCE A_ND REPAIR HISTORY 09/25/95 01/15/97 02/28/97 03/21/97 04/15/97 04/18/97 05/19/97 ~6~'~97 06/10/97 01/29/98 12/16/98 03/31/99 04/14/99 06/30/99 07/13/99 11/03/99 12/22/99 05/05/00 06/25/00 08/03/01 09/02/01 Sidewalk repair ordered, sm det, Bussan Y~spection 26 pages (paint, floor, move outlets, window locks, broken windows & balance, screens, grounding, insufficient lights & vents, door lock, lighting, glazing, handrails, roof leans, rodents access, c~era, FE, plumbing Violations not corrected Building vacant Building vacant except owner Owner sold and moved, sold to Lawson Order to correct violations before any occupancy Not corrected Van MilHgen letter Reinspection list Notice to vacate removed Broken windows & locks Garbage, broken windows~ downspouts, furnace panel cover, sm det, screens Bathroom, smoke alarm, sir~ plumbing, refi'igemtor, window locks, toilet plumbing Screens, electricity to garage, basement handrail l-Lmdrails, screens, toilet runs Ground wire, boiler auto refill Garbage, lawn, broken window, no screen Peeling paint soffits Yard cleanup Stove burner I've got some notes on the building here to give you a picture of what it takes to keep it going, and to paint a picture of its continued viability. I am not insensitive to historical issues, but I believe that the future of this particular building is already written. Sooner or later, it will become a parking lot. This building is going to get me sooner or later, and I will be bankrupt. Five years ago, this building got Mary Bussan. She couldn't make enough money on it to maintain the needed upkeep, and the building was condemned by the city. Mary was evicted from her home. No one would buy it, except my former significant other, who is very fond of old buildings. The only~(~vay that Mary Bussan could sell it was to give out a land contract with no interest charged the first year. My former significant other found a wealthy partner who said he would invest 7500.00 in it for partial ownership and a share of the profits at sale. It took 16,0000.00 of his money just to get the two bottom apartments out of condenmation, i invested another 6,0000.00 and brought the.other two apartments out of condemnation and then purchased the building from her. At that point her partner said he wanted out because it was a sinkhole and I had to give him a second mortgage for his ownership stake. We have been getting the max of 640.00 for the upper apartments and 550.00 for the lower apartments out of it since then, and have maintained nearly 100% occupancy for the last three years. I had five years experience in property management before I took this project on. In the last three years, I made profit only one year and that profit was approximately 58.00 dollars. With all of my work and experience, and getting the max rents out of the property at nearly 100% occupancy, I have been unable to make even an interest payment on the second mortgage for over a year now. With the increase in nice affordable, subsidized low-income housing, like the Sheridan apartment complex, the best low-income tenants are long gone. I am viciously competing for tenants that some would refuse. I spent another 6,000.00 since March of this year to completely repaint and re-floor three of the apartments. Even with all new paint and floors, I still could not get good tenants. While the ones I have now are paying well, the fact is that for two of them, the landlords they were leaving to move to my building both called to tell me not to take them. It is unheard of for a current landlord who wants to get rid of a bad tenant to call the one they are moving to and tell them not to take them. The neighborhood is not desirable to the best low-income tenants, even when the apartment is totally redecorated. Why not?. 1) Noise. You have semi trucks going by on two sides of the building 24 hours a day. In addition to the noise, these semis vibrate the building constantly, causing an increased rate of settling, and constantly loosening the bricks on the exterior walls. Even the walls which were just repaired all showing cracks again from the vibrations. 2) The neighborhood. I have gotten rid of five drug dealers in the last 4 years. The police have been called to the building at least five times. Once the neighbors came over by the building and got into a knife fight. Once the police came for a domestic dispute. Three times they came because the tenants were fighting with each other. Why does the building not make money? 1) Tennant rotation. The tenants must often be evicted due to non-payment. They typically do not pay the last month's rent, and hence ~.month of income is lost. This year alone I count about 3500.00 in uncollected rent. Then there were the months that the apartments sat empty while being remodeled. 2) Breakage. The tenants I get typically break things more than most tenants would. I must constantly replace windows, light fixtures, etc. I typically have a drain clogged in one of the apartments every month. In my entire lifetime, I have clogged one drain in one apartment where I live. I constantly pull dolls, toothbrushes, spoons, shavers and other foreign objects from the drains. 3) Excessive wear and tear. I have applied or caused to be applied, in the last four years, approximately 450 gallons of paint to the interior of the building. It must be repainted after almost every tenant. Even the last paint job, done about three mcmths ago, al~ad~' ~s~lack hand p ~-i-~ ,ts ~-ev~-y ~al.las ~-~as~e~'~ child can reach. Many walls have crayons. The new linoleum in one of the bathrooms has akeady been toru and has cigarette burus in it. In addition, because of the proximity to Prescott school, I typically have families with a lot of children. I currently count 13 minor children in the building. That doesn't include their friends who visit. This makes for a lot of breakage, spills and wear and tear. 4) Fighting roaches. I have spent about 800.00 dollars this year fighting roaches, including a one-year professional contract for 400.00. We got rid of the roaches in three of the units, and in the fourth the exterminator said that it was the fi/st apartment ever that he was not able to win the baffle. In the other three apartments, the residents brought new roaches into the building in their moving boxes and furniture, and now we are fighting them again. I will have to spend a minimum of about 600.00 to 800.00 every year fighting the roaches. I will never win. 5) Excessive utilkies. In the winter two years ago when the utility bills doubled, I was sending more to the gas company than I was to the bank for the taxes, mortgage and insurance combined. The tenants typically run air conditioners in the summer. One runs a gas dryer constantly. They keep extra freezers. The heat is often kept at 80 degrees. All attempts to control the utilities have been futile. You can't raise the rents because the tenants are too poor, and if you do raise the rents the tenants just leave and you get a batch of new ones who do the same thing. If you lock out the thermostat, it just disappears and a new one which is not locked takes ks place. If you spend 30.00 for a lock box over the thermostat, it mysteriously breaks. I once had a plan to separate the heat in all four apartments, for a cost of about 4,000.00 dollars. What happens then is the next tenant you rent to says they'll take it but they can't get the utilkies in their name because they have bad credit with the gas company, so you spent all that money and the utilities wind up in your name anyway. Iff, somehow you do get the thermostat locked out, then the tenants say it is too cold and they move anyway and you are no farther ahead than when you started. 6) Even section 8 contracts are not guarantees ora long-term tenant and secure income. I have had one section 8 contract just move out of state, I have had two who lost their section 8 after they were arrested for drugs. I have had one just quit their section 8. In addition, I typically don't get all of the money even from a section 8 tenant. They rarely have full vouchers. If they have to pay a portion themselves, I typically don't get it all. I could complain to housing, but then the tenant just loses their subsidy, and I will get another tenant who does the same thing anywag~ 7) Inability to collect for damages. The tenants typically don't pay the last month's rent. You can evict them, but you do not collect. Bill collectors won't take the account because they are uncollectable. If you do garnish wages, they just quit the job because they don't make enough anyway and it isn't worth working if your wages are being garnished. 8) Age related problems. The electricity and plumbing need to be upgraded. I have not even estimated the cost of the upgrade. 9) Unusable rooms. One room each in the lower two units does not have enough natural light for any:pu~ose. They are considered essentiall_y very large closets by the housing authorities. They cannot be used as bedrooms or dining rooms or living rooms. They have no exterior walls and so one cannot remedy the situation by adding a window. What the building needs. 1) 3) New furnace and boiler. The current ones are both converted coal burners. Every year you get out of them is pure luck. Cost of replacement: 4,000.00 for a boiler and 3,000.00 for the forced air furnace. Three of the bathrooms still have no showers. Two of them have the original bathtubs. Three modem bathrooms are needed. I ftgure about 4000.00 absolute minimum to upgrade the three bathrooms. Two of the kitchens still have the original sinks. Two kitchens need to be modernized. I have not estimated the cost of this upgrade. I would estimate that the inside of the building and the outside of the building need about 50,000.00 dollars worth of modernization, upgrading and maintenance. If you stick that money into it, and add on the mortgages, you w!ll not have a building worth 113,000.00. The National Association of Reakors tells us that the best return on investment is for kitchen remodeling, and that the expected return averages 75 to 80 percent. Hence, if you spend all of that money, you cannot hope to get a return of even 75 percent of it. I have spoken to 5 parties in the last four years who could seriously have bought the building. Three of them said they wanted it only for a parking lot. One said they wanted to tear down the building, erect a small one-story structure for a business with 8 to 10 parking spots. One was a local landlord with 80 units who, after inspecting the building, said it would take 20 to 30 thousand worth of work to bring k to the state that she wanted, and that it wasn't worth that much. I have experience at this business, I am intelligent and hardworking. But I have just been lucky so far. Mary Bussan's family had the building for 26 years, but it eventually got them. It will get me next, and the person after that as well. Even wealthy investors have washed their hands of it. Sooner or later it will become alt too apparent to you that the building is not viable in the long term as low-income housing. The gentrification wave passed this building by. It will not become a lawyer's office or an antique store, even though the property is zoned C4. You can deny me the ability to tear it down, but sooner or later it will come to that. I have tried to make the thing go for four years, and it simply is not viable. ESTIMATED MARKETVALUE OF THE PROPERTY IN ITS CURRENT CONDITION CURRENT MARKET VALUE OF t 112 & 1114 CENTRAL AVENUE 4-PLEX Value: $63,000 The East Dubuque Savings Bank has accepted $63,000 as the value of this property aiter being advised by two appraisal companies. 10 x. T 1112 CENTRAL Sta~is: .~,aive " 14186 ActI:0 Arca:DBQ Addx:lll2 CElq'fRAL City:DBQ Proj:Y P~riod:96 . Zoning:C4 gU~dts:4 Pkg:4 Twp:52001 INC Remts: Othm': Gross: F.,XP: Inzu~: Manag: Tax~s: Malnt: Vac~. t: Utils: Other:. TOTAL EX~: NET INC:. SqFt;Up:2400 Main:2400 LL: TSqFt:7200 t~1~. : WtPd:OWN E1.Pd:OWN Offic~:37 Const'.BK YrBlt:1890 Latmd:Y Rffyp:ASP Ht. Pd:OWN R Agent'.24 DAVID HANSEL 556-5579 ' ' '.BA:3.0N YrPureh:67 Terms:CASH Legal:CITY LOT S32'8",866'8" S 2/5 LOT 446 Poss:llaM~ Own~rs'JERO!VlE/ MAR BUSSAN Ph:582-6634 Key:O Lock:O IN ROUGH CONDmON~.'I~a~':r6 BE REMOVED FOR A PAR~G LOT OK ~-'Fox co~c~.u~m. No ACC~ ~O~ON FOR ~co~ a ~sEs. 4 ~ ~ BA~0OMS O~ ~ ROOMS O~Y. ANNUAL GROSS INCOME, ITEMIZED OPERATING AND MAINTENANCE EXPENSES, DEPRECIATION DEDUCTION, ANNUAL CASH FLOW, AND REAL ESTATE TAXES Joseph J. Bitter* Thomas A. Bitter BITTER LAW OFFICES 485 LOCUST DUBUQUE, iOW~ ~001~0 April 1, 2003 HiCHAEL J. VISINTIN 1112 - 1114 Central Avenue Dubuque, Iowa Background Information: Acquired January 31, 2000, for $50,000 (per transfer tax shown on recorded Warranty Deed). Lender: Dubuque Bank & Trust. Second mortgage dated July 31, 2001, for $16,000. Mortgagee: Floyd Kunkel. Profit/Loss through December 31, 2002: Year: Gross Income: Expenses~ Depreciation Taken: Net Profit/Loss: 2000 $ 18.769 $ 16,936 $ 1,326 $ 507 2001 25,373 20,842 1,384 (1,174) 2002 19,108 15,595 1,459 2,054 April03, 2003 To Whom It May Concern: Attached please find the following: 1) Profit/Loss Statement from Joseph Bitter, my attorney. 2) Schedule E profit/loss filed with this year's federal tax return The schedules for the previous years are already in your possession. 3) Schedule E-2 filed with this year's federal tax return. 4) Notice given by a Mr. Floyd Kunkel of non-payment of second mortgage. 5) Copy of said mortgage. 6) Copy of Promissory Note given for said mortgage. It should be noted that Mr. Bitter believes that the U. S. Supreme Court, based upon a , case in California, believes that a return of between 5 and 6 percent is what is considered to be a "Reasonable economic return on the investment", as pursuant to matters as which we are involved. You may contact Mr. Bitter if you need a citation. Further, it should be noted that although the property shows a small positive return for 2000 and 2002, these are based upon tax calculations and do not show the following: Lines 19c and 19h represent the-investment 3[ had to ma3:e in the property t-l~s year. ~li~s money will be depreciated from the value of the property over the number of years listed on each of the respective lines. This investment comes just a little over two years since the investment represented by the 16,000.00 second mortgage. In other words, this house has had some serious renovation over the last 3 years. I have not realized anywhere near a sufficient return on investment in this property in the three years that I have owned it. You should be able to understand my reluctance to invest more in the property, even if the loans discussed via your programs have great terms. They must still be paid back. Which brings me to a further notation: This property has not generated enough return on investment to even make one payment on the second mortgage. The unpaid interest is being capitalized at a rate of 10% even as you read this. Any equity I gain from making payments on the primary mortgage is being eaten up by the capitalized interest on the second mortgage. I believe that I can certify a negative return on investment as regards this property. Further, I already am ;oceiving re_nts of 640.00, 640.00, 500:00 and 55~0.00 for the four units of the property. I do not believe that I can appreciably raise the rents any further, no mat~er how much money I stick into the property, no matter what the source. My tenants ar~'now too poor to make all of the rent payment at one time, and I have to spend an inordinate amount of time collecting installment payments throughout the month. In addition, it should be noted that three of the bathrooms in the building had new floors installed since March of 2002. The last bathroom floor was replaced in August of 2002. I just replaced that floor again last weekend. The tenant above overflowed the sink and it flooded the bathroom below it, and the linoleum came up. Of the other two bathroom floors replaced within the last year, one suffered water damage from a pipe leak and will have to be replaced soon. The other bathroom floor was ripped by a tenant and will have to be replaced as well. This is an example of the rate of breakage I have to deal with. I am grateful for my tenants, as I would be hankmpr without them, but they are very hard on the building. Currently, 8 adults and 13 children inhabit the property. This is a very normal occupancy load over the last three years. The "Normal wear and tear" is exceptionally high. I cannot assume that any investment in the property will reduce the high wear and teak with this occupancy load. I have completely repainted three of the apartments since March of 2002, and am currently painting the fourth apartment. The other three would have to be re-painted when the ~enants move out, due to children' s hand marks and crayon and pen damage on almost all of the repainted walls. This is typical. I have shown two prospective buyers through the property since March of 2002. These were income property owners who were evaluating the premises as an income property. No offers have been forthcoming. This property is not, in my well-informed opinion, viable as a rental property. Sincerely, Michael J. Visintin-Landlord 1790 Asbury Road Dubuque, IA 52001 563-556-3243 supplemental Income and Loss [ , roro ~.. ~ ~ Aaach to Form 1040 or Fo~ 1041. ~ See I~allo~ thr Schedule.E (Fo~ 1040}. ~ 13 ~(s) shown on tatum "*' ~ Your s~ial se~m~ osm~er MICHEL J. VISINTIN - '~ 392-70-0760 ~:, ~,: 'e:.'~ ~./~ ]ncome or ~oss ~rom Rental Real ~ta~e. and Ro~ai~es persona/properly on Schedule C crC-E. Report farm rental income or Io~s from Form 48~5 on · 2, line 39° I Show the kind and IoostJon of each rental real estate property: 2 For each rent=l real ost=te propertylisted Yes No A 6-PLEX on line 1, did you or your faery uss it YE. THIRD &~-'HILL STS.r DUBUQUEr IA duringthetaxyearforpe~oosipu~osos A X S 4 -PLEX for mom than the gr~a er of:. · 14 days, or B d 1112-1114 CENRAL AVE. r DUBUQUE · lO%oft,hatotaldaysren~dat~ir X ren~ value? C ...-~-(See page E-1.) Irlcorlle-' P.~/~rties ~ ' Totals A / S / C .~ '": (Add columns A. B, and C.) 3 Rentsreosived 3 23447. [ 18~6'9 \ ~,~°3413i ........................................... 4'2216, 4 Royalties received ....................................... 4 E~penses: 5 Advertising ................................................ 5 219. 40 ~ Auto and travel (see page E-2) .....................6 7 Cleaning and maintenance ...........................7 '~ ' 8 CommiSSions .......................................... 8 9 Insurance ................................................ 9 806. 530 tO Legal and other professional fees .................. 10 55. 144 11 Management fees ....................................... 11 (see page E-2) ................... ; ...................... 12 3516 12 ' 3516 13 Other interest ........................................... 13 8022, 1597 14 Repairs · ~4 433., 1750 15 Supplies ................................................... ~-~ 1182., 1058 lS Taxes ................ ~ ..................................... ~S ' 3151.~ 1658. 17 Lrdl~es ................................................... ~? 6088., 6240. la 0thor(list) · SEE STATEMENT 1 1367.1 SEE STATEMENT 2 ~S 403. I ~g AddlinosSmrougn~S .................................~g I 21323.1 16936. 38259 2ii Depreciation expense or dspietJos ~2li (see page £-~) .......................................... 2g 2573.1 1326. 3899, 21 Total expenses. Add lines 1 g a'~d 20 ............... 21 23896.i 18262. 22 tnc~me or (loss) from rental rea estate .or royalty properties. Subtract line 21 from linn 3 (rents) or rme 4 (roya~ss). If the result is s (loss), see page E-~ to '"~' find out it you mual file Form ~1.98 .................. 22 <449 .;> 507 ' - 3 Deductible rental, real estate loss. Caul/om' '.?'~'%-'" ' Your rental real estate lass on line 22 may be limited. See page E-3 to ~d out If you must file Form.8582. Real a~ professionals muut complete lies 42 on page 2 ................ 2'3 <449 I ]noome. Add positive m'nounts shown on line 22. Do nnt include any losses,. .................................................................. .~ t.osses. Add roy~ lessee ~rom I~e 2/and rental real estatn losses ~mm gna 2~. Ente~ total losses hem ................................. · ~ Total rental real estate and roya~ income or (loss). Combine liaas 24 and 25. Eater t~e result hare. If Parts II, lit, N, ~nd line 39 on page 2 do nut apply to you, also enter thie amount on Form 1040, h. line 17. Otherwlsa, include this amount in th'~'tutal on llne 40 On page 2 ................. L.HA For Popei"wurl~ Reduction Act Notice, see Form 1040 Instructions. 507. 449.) 58 . E ,I Supplemental Income and' Loss 1 . ,o.o 2001 ~ ~ AU~rh~o~lO4~rFo~1041, ~ Seel~lonsf~Srhe~uleE(F~l~O). ~i3 N~ma(s) sho~ on m~m ] Your sssJal s~u~ numb~ MICHEL J. VISINTI~ '~ "~ 392-70-0760 ~]~] Income or Loss Erom Renal Real ~te and Royal~es Nots. ~ ~9~ as m ms ~us~e~ ~f ~n~g pemo,al ~ope~, use SChaduia ¢ ~ C-~ (se~ page ~1}. ~o~ ~ mnt~ ~ncome o~ I~ ~ Fa~ 4~ on pag~ ~. ~ne 39. I I Show the kind and location of es~ rental real eatute property: 2 For each rental real estate properly Ented Yes A 6-PLEX on line 1, did you or your lamb uso it W. THIRD & HILL STS.r DUBUQUEr IA dufingineta, xyearforparsonalpurppsss I X for more Than The greater ut s 4-PLEX 14 pays, or 1112-1114 CENR_A.L AVE. r DUBUQUE : '~0%ofThetotaldaysrentedatfair X c , rental value? (:See page E-I.} Income: a I (" B ~ I c , (ada columns ^. a, and C.) 3 Rentemceived .......................................... I 3 25373.1 --21052. \ 46425. 4 Ro~.aTtfaa recek, ed ....................................... [ 4 Expenses: ' . S AdverUsing 491 190. 6 AUto and travel (see pag~ E-2) ..................... · 7 Cleafling and maintenance ........................... 1 7 7 8 8 Commissions ............................................. 9 Insurance ' 794.1 529. '~f~ Legal and oTher profeoSiOna~'~eea ............ , ..... 29 6 't =Ju~/:~ ~ 11 Management foss ....................................... 12 Mortgage into rant paid to punks, nth. (see page E-2) ........................................ 4 1'39 · 4 1 3 9. 13 OTher interest .................................... L ....... 7960.i 220.~ 14 Repairs ................................................ 327.i 15 Snppr, es ............................................. 664.: 1255-. ~S Ta~s'. ................................................... 2114. 1721'. ~7 Utes ............................................... 10023. 12331.. 18 O~er(rst) Ik SEE STATEMENT 2 681. SEE STATEMENT 3 " _-7-9 lg Ad~lmesSthreughlS ................................. lg t 25128. 2084~ .I 45970. 20 I~rEciation expanse or depletion 20 (sos page £o3) ......................................... 2573. 1384; 395'/. 21 Total ex,oenoss. Add linss 'i 9 and 20 .............. :~1 27701. 22226. 22 incom~ or (loss) fi~m rental real estate -' or royalty propa~ss. :subtler line 21 from line 3 (rents) or line 4 (roya~ss). ff The result is a (tess), see page E-3 to find out if you must file Form 6198 ........... ; ......22 -2328. -1174; 23 Oeduct~le'rental real estate loss. Caalion. · Your rental real est~ loss off line 22 may · ~ I~d. See page E-3 to find out if you must flee Form 8582, Real estate professionals ' rraJst complete line 42 on page 2 ' !~ -2328. -1174. ~4 in.me. Add positive amounts shove on line ~. Do not include ony~ossss ............ ;i ......... :. ........................................... 0 ~ [~_~. Add roya]~ losses fTore lieu ~9 and imntal re~l estate losses ~rom line ~3. ~Ater tot~ IOSSSS ham ................................ 3 5 0 2 Z$ Total rental ~eal astato end Toyalty In:utah ur (1~). ComJ~ine ~ss ~4 m3d ZS. tinter tho result hera. It Puf~ it, III, N, and line 39 nn page ~ do out apply to you. aiso enter this amount on Form 1040. ~e 17. Othem, ice. include this amount in The total on fin~ 40 on page 2 2it -- 3 5 0 2 i DIULE E I Supplemental Income and Loss 040) I I oMs.o, r (From rental real estate, royalties, partnerships, $ corporation., estates, t ru.ts, REM,Cs, etc.) 2002 ~mven~ ~ ~ A~ach to Form 1040 or Form 1041. ~- See Mstructions for Schedule E (Form 1040) S~u~No. · cial Securi~ number 392-?0-0760 MICHAEL J. VISINTIN ~or Loss From Rental Real Estate and Royalties Note. If you are in the business of renting personal property, use Schedule 0 ar C-EZ (see page E-3). Report farm rental i ~ Show the kind and location of each rental real estate property: A 6-PT,EX 2 For each rental mai estate prope~ listed Yes No on line 1, did you or your~mffy use W. THIRD & HILL STS., DUBUQUE, IA dudng~etaxyearforpemonalpu~oses B 4-PLEX for mo~ than ~e greater of: A X 1112-1114 CEN~ A~., DUBUQUE · 14daysm C ' 10% of ~e total days rented at ~ir B X rental value? (See page E-3.) C 3 Rents received F A B C (Add columns A, S, and C.) .......................................... 3 22967. 19108. ~received ....................................... ~~~~ 3 42075 ~penses: 4 5 Adve~sing .......... 5 3 9 5, 7 4 ~:~ ~:{~ 8 Auto and travel (see page E~) ..................... 6 ~:~:~: 7 Claaning and maintenance ........................... 7 16 5 2 8 8 a~:~ ~:~: 9 Insurance 9 794 529. 10 Legal and other profe~ional fees .................. 10 2 14 3 2 9. ~ ~:~ 11 Management ~es ............................ 11 (see page E-4) 12 7891. 4045 '~ ~2 4045 13 0thor interest 13 14 Repaim 14 370. 111 ~ 6 Taxas ~ 6 4458 1887. 17 ~li~es 17 8 3 7 9 7 7 2 7. 18 Other(fist) ~ .~.~*::: SEE STATEMENT 4 1097 SEE STATEMENT 5 475. 19 Add lines 5 through 18 ................................. 19 24704. 15595 ~9 40299, 20 OepreciaUon expense or deple~on (see page E.4 20 2466. 1459 ZO 3925. ~ TO~[ expenses. Add lines 19 and 20 ............... 21 2 717 0. 1 7 0 5 4 22 Income or (loss) ~om renal mai es~te or royal~ prope~ies. Subtra~ line 21 from line 3 (rents) or fine 4 (mya~es). ~:¥ If ~e msu~ is a (loss), see page E-5 to find out if you must file Form 6198 ............ . 22 --~ 2 0 3. 2 0 5 ~. be limited. See page E-5 to ~nd out ff you mu~ complete fine 42 on page 2 23 4203. 25 Losses. Add royaJ~ losses from Pine 22 and renal real estate losses from line 23. Enter toMI losses here ................................. 25 ~ 2 0 3 .) If Pa~ If, gf, iV, an~ line 39 on page 2 do not apply to you, a~o en~r this amount on Fo~ 1040, line 17. ~he~ise, include ~is amount in ~e to~l on line 40 on page 2 ............................................................................. ~1491 11-01-~ -LHA For PaDe~ork Red,,~inn a~ ~.+~ ..... c .... . ........... 26 -2149 940 instructions. 6 Schedule E (Form 1040) 2002 130320 804727 VIS0760 2002.05000 VISINTIN, MICHAEL J. VIS07601 SCHEDULE E- 2 Depreciation and Amortization {Including Information on Listed Property) · See separate instructions. · Attach to your tax return. 4-PLEX - 1112-1114 MICHAEL J. VISINTIN CENP~AL AVE., DUBUQUE 392-70-0760 I Ma~Jmu re areount See instructions for a higher lireJt for cert ~Jn businesses ...................................................... 2 Total cost of section 179 property pJe~ in service (see instructions) ............................................................... 3 Threshold cost of section 179 property before reduction in lireitatios .................................................................. 4 Reduction in JimJtatiom Subtract line 3 from line 2. if zero or less, enter -0- . .......................... ; ............................. 7 [Jsted property. Enter amount from line 29 ............ I 7 l 24000. ~?.00,000 8 Total elected cost of section 179 property. Add amounts in coluren (c), lines 6 and 7 .......................................... 9 TentstJve deduction. Enter the smaller of line 5 or line 8 .................................................................................... 10 Carryover of disallowed deduction frore line 13 of your 2001 Form 4562 ............................................................ 11 Business income limitation. Enter the steelier of business income (nct less than zero) or line 5 ........................... 12 Sectios 179 expense deduction. Add lines 9 ~nd 10, but do not enter reere than line 11 .................................... 13 CaiTyover of disallowed deduction to 2003. Add lines 9 and 10, less line 12 ............ · j 13 'J Note: Do not use Part II or Part Ill below fo(listed pro~er~. Instead, use Part V. ~i~!!J~:.il Special Depreciation AIIo'~rance and Other Depreciation {Do not inck~de lis~e~ properS.) 14 S[;~'C~al deprecia~on allowance fo, quaJified property (of/let than listed ploperty) placed i. se~'i~e ~tu..g ~e tax year (-- .nst~ons) .................. 14 15 Property subject to section 158(f)(1) election (see instruct ons) ........................................................................... 1615 16 CYlher deDreCJstion (including ACRS~ see instructons) .................................................... li~i!~l MACRS Depreciation {O0 not include listed properb/.) (See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2002 .......................................... 18 If you are electing under section 168(0(4) to group any assets p~ced in service dul~ng the tax year into one or more qenera asset accounts, check here .................................................................. Section B - Assets Placed in Service Durlnq 200~ Tax Year Usinq the General 19a 3-year proper~ '~'¢'~¥ '¥':"¥~ ¢ 7-year proper~ ~:+~:~i~:~ 159 7 YRS MQ 200DB 6. d 10-ye~ prope~y ~:..~:+..:...~:~...~:~..~:.: :'~:+':+':'~':-"':':< ............ 25 yin. S/L h R~anti~ rent~ ~pe~ [0 /02 9062 27~ yin. MM S& 69, / 27.5 yin. MM S~ J I i Nos~idecti~ r~ ~ / MM S/L Section C - Assets Placed in Service During 2002 Tax Year Using the Alternative Depreciation System -- b 12-year ~5 ~ ~ ~??,~:.~-'.' ::*~!~{{.-~i:.:.:-~? 12 yrs. SA. / c 40-yeer sA. / 40 yrs. MM 21 Listed properbj. Enter amount frore line 28 ...................................................................................................... 21 Enter here and on the appropriste lines of your return, Partnerships and S corporations - see instr ...................... 1 4 5 9. 23 For assets shown above and placed in service during the current year, enter the 9 THE REMAINING BALANCE OF ANY MORTGAGE OR OTHER FINANCING SECURED BY THE PROPERTY AND ANNUAL DEBT SERVICE, IF ANY, FOR THE PREVIOUS TWO (2) YEARS March 27, 2003 , To Whom R May Concern: I, Floyd Kunkel, issued Michael J. Visintin a mortgage on his property at 1112/1114 Central, a copy of which is enclosed I~rein. I wish to certify at this time that he has made no payments on ihe mortgage since its inception. For verification, you may contact me at: Phone: ~'0~ - 74/~'- i-~;~z¢~? Pm~mr Joseph J. Bitter 48S Locust St. Dubuque, IA, 52001 563-588-4608 ~l MORTGAGE FOR RECORDER '.~' (Open-End) DUBO~UF co~. ~ (~ ~; TRACT I: The North 34 feet of the South 66 feet 8 inches of Out Lot 446 in the City of Dubuque, Iowa, according to the United States Co~issioneFs' Nap of the Town of Dubuque, Iowa. ~ACT II: The South 32 feet 8 inches of Out Lot 446 in the City of Dubuque, ~owa, according to the United States Co~issione~s' Map of the Town of Dubuque~ Iowa a.~pa~enlof~eloanmade~Mo~gagee~ HICHAEL ~. V)SINTTN ev~e~apr~b~ ~teda~d July~ , 2001 ~p~o~of $ 16.000.00 ~ m due dale o[ Conlested. (8} the sale. foheiture or lOSS Of the MoMga~ed Property or any par[ ~reof. and (C) any interference w[[h the use o~ occupancy of Cate of Proper[y. Mortgagors shall lake good care of the Mo~lgaged Property; shall keep ~e Buildings and Personal Property now or (2) o~ ~evind agains he Mortgaged Properly or any part tbeteof which is not released, vacated or ful? bonded within thirty {30) days at,er lY. RedemptJom tt is agreed that il this b~rtgage covers less than ten {10) ac~es of land. and in the ~ent of the forectosure of this p~o~ded by the statues of the Sla~e of Iowa shafl be reduced to six (6) months p~ovided the Mortgagee. in such action flies an elecfion to Mlchae~ O. Visint~n '1/~0 Asbury ~oao '~Dubuoue~ Ih 52001 Floyd Kunkel 670 Maryvillp Rnad ~?ml Gr~on. WT ~qStl Dated:. July 31st ~ 2001 Michael. J. Visintin Dated: STATE OF IOWA COUNTY OF DUBUQUE I UNDERSTAND THAT HOMESTEAD PROPERTY IS IN MANY CASES PROTECTED FROM THE CLAIMS OF CREDITORS AND EXEMPT FROM JUDICIAL SALE; AND THAT BY SIGNING THIS MORTGAGE, I VOLUNTARILY GIVE UP MY RIGHT TO THIS PROTECTION FOR THIS MORTGAGED PROPERTY WITH D;ted: July 31 ? 2001 ' . Michael J. Visint~in /- Michel'. ~sirlt~n? a $~nqle person? (4) - I Joseph ~. Bitter PROMISSORY NOTE .16,000.00 July 31st ,_2001 FOP. VALUE RECEIVED, the undersigned, each as principal, jointly and severally, promise(s) to pay to the orderof F1nvn ~flNEFI at 679 MarTville Road~ Hazel Green~ Wisconsin 53811 "' SIXTEEN THOUSAND AND 00/100 , Iowa, the sum of DOLLARS with interestthereon fmm July 1, 2001 , payable monthly atthe rste of 8.5 percentperannum untilpaymenthereof as ~ll°Ws! $138.85 on the 1st day of August, 2001 and $138.85 on the 1st day of each month consecutively themeafter until paid in full, each payment ~o include both interest and principal, with interest at the rate of 8.5% computed annually and campounded monthly. This Promissory Note J$csecured 'by a Second Real Estate Yortgage of even date herewith. Dubuque Bank & Tru~ Ts ~he ¥irst~ortgagee. Address: Phone: 1790 Asbur¥ Road MICHAEL J~ VISIN~T~IN Dubuque, IA 52001 (319) 556-3243 The k3v~a State Sar As..~c~at~on iOWADOC$TM 1/99 136 PROMtSSORY NOT~ Revise~ Janua~', 1999 ~.g e_,Z. ,~ ?? oo oo ~' oo ?? oo oo ?? oo oo oo&''~ THE ASSESSED VALUE OF THE PROPERTY ACCORDING TO THE TWO (2) MOST RECENT ASSESSMENTS 0 0 APPRAISAL 12/8/99 SUMMARY OF SALIENT FEATURES Lende~ Cmx~ $ Urbnn/A~g 18g0 FalrAvemge 12 6 2 See Attached Appraisal From SSO -- 'T07N. 21~ Im ~edews' apl~isal smla~ ~ I I~ rmm~ kin, -- 1.~.N.Nvl0DE 15 52001 ~ Dubuque Bank & Trust Company TABLE OF CONTENTS Com*L~te~ ......................................................... 2 FIRRD~/1J~p ~J~r~m ..................... -- ............................................... ~"~.'~=' ........................... ~ZZZZ ZZZZZZZZZZZZT_. '-Z~ZZZZZZZZ; ~ Sub ed Phglos ......................... ~ "*~ ........................ "- .......................... 15 s~jecl Pltt~ Inl~ ............................................ . S.b]ed Photos ~tx .......... i ............. ~ .......................... 17 r~b~ ~ ~ ............... Z_.....'Z ....................... :---- ~8 ........................................................ __ ........ 21 .................................................................................... 23 Hei~lberhood M~ _.,~ ................................................... ~ .............. 25 ..................................... ' ........................ ~.~{~. c~,~ ........... _: ................................ ~_..-Z ..................... FELDERMAN APPRAISALS 195 East 14TH STREET DUBUQUE. IOWA 52001-4909 (3t9) 557.1465 FAX (319) 588-4214 12/14/1999 Dubuque Bank and Trust Company 1398 Central Avenue Dubuque, Iowa 52001 RE: Appraisal of 1112.1114 Central Avenue, Dubuque, Iowa. BORROWER: Michael J. Visintin FEE: Invoice is considered an addendum to this letter. In a~;¢ordance with your request for an appraisal of the property identified in this report, be advise~ that the site has been inspected and I believe to be accurate all information provided me by others. The purpose of the appraisal is to estimate the market value of the property, as is, in fee simple, unencumbered by liens, as of a given date (or current market value, if not specified otherwise). The function of the appraisal is for loan purposes. A legal description will be found herein. The appraiser consider~ the potential users of this appraisal to be the c{ient (listed above in the address, block) and/or FHA/HUD and/or secondary mortgage firms to whom the client markets the loan. If this appraisal is not for loan purposes, the potential user is consideEed to be the cfient (listed above in the address block). The attached complete appraisal in a summary report contains the description, analysis and supportive data for the conclusions and final estimate of value. This appraisal report was completed in accordance with the current "Uniform Standards of Professional Appraisal Practice" as promulgated by the Appraisal Standards Board of the The appraiser(s) is/are State of Iowa Certified Real Property Appraiser(s), and/or State of Illinois Certified Appraiser(s), and/or State of Wisconsin Certified Real Property Appraiser(s). AS of 12/08/1999, the current estimated opinion of market value of the property, is $70,000.00 SEVENTY THOUSAND DOLLARS it has been a pleasure to assist you, if we may be af further service to you in the future, please let us k~ E. j~. Fe~derman ' l Approach is based on a national cost .sec'ice aqd local.land values he ncerne App each used is~$uppoded rom Ihe marke or renta s Gross Rent Mulltplisrs, and Ihe Sales Comparison Approach is based on verlr~ sa~ with adjuslmen $ de erin ned rom the ma~he~ Th s appraisal report is te be used for financi_ng o he subjec p operly The app_ra set c~ns ders he po en a users o h s a@pra sa to he the client ~d above in the address block er other secondat7 modgage eeders but riel HUD FHAN^) nt IJsli~g isisrmalian:, i~ot .cuFe~![v.lis [q 5~.f.o~'_s.a~e, _s ale is.~twe~n.sign~icaat' barlnem. rncttiple lislthg service.. ................ ; unless 5deedlied in the appraisal repnrL ~OliOwing iS provlde~ i~'i~r ~e}~ ~m~iy~Wlt fi'Si~h'~riJ~'~R~le ~2~3'~ i~&r~i fy that, to the best of my knowledge and belief: . statements of fact conteir~ed, in.thJs repnrl are true and correct rlial, and unbiased professio.na~ aq,~lys~s,.opinlons and conduslons. ye no present or prospective interest in the properly that is the subjed oi this ~'opo~ a~td n~ ~;r$~n~l interest wil;~ respect to the padies cempensalion, for completing tl~is assig~r~enl is not.cenlingen upon he dove opmen .o~ reporl ng .of.a prede erin ned va ue or direclton in ice. ~[(s): ........... sar'/Alipralser(s): SUMMARY OF SALIENT FEATURES Subject Address Led Desc~p~ion Census T~dc~ Map Rele~ence ~eP~c4 Dubuque Dubuque 52001 0001.00 5o,oo0 Borrower/Client Lender Size ($qo~'e Feel) Price per Square Foo~ LecaUml Cml~6on Told Roon'~ Bm~ooms eams ~! AprxaJser $ UrbanlAvg 1890 FairAverage 12 6 EFINITION OF MARKET VALUE: '[he most Ixobabis pr[c~ which a prope~/shoukl ~ IA a competir~ and o~efl mad~et ~der al C4~t~dlofls STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION ONTINGENT ANn LIMITING CONDITIONS: The appraiser's ce~gic~tion ~ appe~s in ~ appra]sa~ repeal is subject Io Ihe fo8owing The appraiser has ex~m~ined ~ available flood m~ps Ihat are pro~dded by lhe Federal Ernefgency M~nagemenl Agency (~x othe~ da~a sourcm) an~ h~s noted · The appraiser ~ net ~sblose Ihe conlenls of Ihe appraisM report except as podded for in Ihe Ulli[Onn Slandards o[ Prolessional /14~'aisM I'~aclice, o~ec~n w [~p(~g se~ce(s) wBho~ hav:~ m d~ta[n ~e aipmlser's pd~ wffim consent. The a~sefs MAil,eft coflseflt and ai~oval mbst aim APPR~qISER'S I~ERTIFICATION: The/~ser ceftllies and agrees ~ no ~espen,,~l~ily Io~ iL SUPERVISORY APPRAISER'S CERTIFICATION: Il a sur~[,~ory ~lniser signed Ihe ap~ r;od, he of she cerl~Jes and agrees maT: ADDRESS OF PROPERTY APPRAISED: Stale CefrL~lca6o[I ~: CG01134 ,] Slale Cerrdlcar~]~.: If required): es~ice$ 500~ Oaeo ~ 1~19~ Oesc~Jpl~d$~ o oanch=ge~c~cess~lo~se~ n~a ..HOA$ ma.. ~fing~ EJunne3m~.~3~. UO~6~I.JUv~{.~)I 60 ~+ UVa~{..5~ I 70' ............... ---_.;__.Z'.'Z ._'L..... c**** ~ ............... .......................... %% ................... ~; .............. . ................... ,perly managed. O~buque is the ~ city for ~ T~ta~ Ama;a~ i; {he Coun~ Seal ~e major empl~ym~ ~ol. a~ s~ing ~nle~ I~ ....... ~b~f ........ ~b~A~ L~G N~ ~ .... .....~.~ L(~ ~. ~ 2~ ~ ...... ~b~P~LE'd~ ~ 3 ..~1112~11~'~e~;~Av~ue ~ ~s~to~'Str;~ --~ 815-17~lson SEeet "~:~1 ~;~'S~ ........... milylo sub~_.'".: ~ lO+bl~s ................... 8*~ ....... 10+ bo~; ........ source.._ ~.. -~ ...... ~-- ML~.a~c.qe~ .... MLS_l~ybfi~e~ MLS gg74~ublic~ I~moL_~s~_ 4:20:7: ~ .. 4-..;...A2_J__~...._:_.4... 3_j _~5_ ~ 8 ?-~-" ' 4 ~' ~ ~ '"~" To~grapfly Level t o. r ollii~:J .................. Size 6.680 ~q.!~ .................... Landscap~lg Grass s _h[ubs .......... Bfiveway Gravel ~ppm'enieasemer~ Typical.~b*~ y ........ "_'. sewer ,~4 [~ I ] FEMA Map NO. lg$180-OOO3B ;smeflls. See attached addendum.foi~ mor~. co__is.- ........... Design (sly!e) :q story ........... Gult=s & dwflq~ Old Metal ................ D~r~ss Typica[wls[o~ie_. r a From' ........... ................ Cons~clion and S~f~ Star~wds.. ' used for uiiIily and storage Rools .Carpet Type _~F.6 ....... Relrigefaim 4~ir I ! None Garage Sam fle~' _~.myl- . Di~wa~er Wa ......... L.J A'u~e ~lacb~l ~:~ Do~s $ol!d~ore__ Ce~a~ .No ......... Com~doi' n/~ ........... I..I Healed Inadequate i ,I Laund~T hook in1114 __ Olhef _rEa ........ Waslu~ld~er p/a ............. l..~Rnls~ed Olfsbeet Fair-Average_Condition ...... Com:FJflml rea ....... Mic~ve rea .... I~:~ Ur~she~ ~lle .................................. .................................................................. ................................................................................ , tNe hazards of lead palnl discussed._ The_ pm~d[~vas bui!} ~:~or lo _I 98:l,.~n.d.a~bealo~ c~nteut is unkfiO~Zl without au ms[msth$ i[1_ sge!~0n_ ~r__. ...................................................................................... .......................... ~/ALUATION _ANALYS S ESTif~ATEDREmODUClZOHCOST.NEWOFiI~PROVET~ENTS:=$ .-- 20000 Cm?~aentsonCo~N~p~a~(s~ch~s:'sour~e~ost;s~l~.~e,alu~.;i~,mi~ .... .... Sq- P~ @ $ ...... = $ .............. depredatiml is based o9.U)e.curre.qt c~nd lion. No funct anal .... Sq. FL @ $ ...... = $ .......... obsolescence that is nol already includedin the physical depr~ialio~" ............................ =3 ............... c°mmer~al is*3d- is.lt'~ iF~edial~ ama- _The ia~provemer~ts add no .............. = $ .... aqldilisr~ai_'CakJe.i~_used.~.r_ .~ .~_ · .~_.~. ~qd the value wou~ be .................... =3 ......... $40,0~0-..~.. mult~A _rnily_use. tbe ~ubjec[.lq~cI_,,:alue woul~ be ...... .................. =3_.. approval/$20, _~.,..w~.'ch provides an estimated value 1o ~,015. PtopelyAddmss 1112-1114Cenr~ .~-r~ ........................................................ City Dubuque ........................ CounY_Du_b.~ue ................ Stale_lA ......... ZipCo~ 520(~ ........... Lender Dubuque Bank & Trust Company 4arkct condit{ons.: 'he prcse, nt housing supply is normal, with continued new construct[on and upward price trends ~n most price ranges. q~e overall market ~s expcctod Ia continue, subjea ta favorable mtarest rates, and a continued stable to increasing economic ,ny lean service paid by tbe sellers of comparable sales for mortgage financing arc not considered to h~ave an he subject is zoned C4 Dow/~town Commcrclal and fl~e subject is a legal non-conl'orm;ng use since residential uses nrc only lowed above Ibc first floor. Refer to Ihe excerpt Imm the City orDubuque Ordlnanc~ in tile addenda. le h~sto~7 o~' the Tri Stalc (Dubuque) area includes icad mining, and there arc mines and old mine shafts {broughout Ihe area. tis ^ppmiser h~s no linowIedge el'such mines/sba fts that are problematic ta the subject property. 1ere are no apparent adverse eascments, known =neroachmenis, et known special assessments. ds is a kn?wn potenlial lermJt= hazards area, and should be i~spected by a professional termite inspector. ~e su b.~cct ~s NOT located in a SPECIAL Flood I la?.ard Area, but is idcntilled as bein§ localcd in a Flood Hazard Zone "X" nshadcd), an area flint is outside tbe 500 year llood plain. The majority ortbe Dubuque market area is Iocatact in such a zone, d Eood insurance determination is the r~pons~bJfity of the lender. rare is an alley along the rear of the property, for access to [be de{ached garage and parking spaces. :$cHptlon o~'lmprovcments~ Additional Fealures~ Coodilion~ and Dcprcc~allon Comments: ~e subject is o~dcr Iban live years old. Upon a visual ~nspection. all mechanical systems appear to be ~n worklng order;, and e appraiser is not a code expert, and has not hsspected the subject for code competibifi~, in thc b~emenl or other code related Itars. The Appraiser reserves the right to modify Ihe value estimate [£code violations are subsequently discovered wbicb bare lerial impact on the subjects' value. cs Comparison Comments: = comparablcs llstad .arc the most similar in style, condition, construction, appeal, amenities, and location to the sub. jccL BUILDING OR SiTE SKETCH ' Ad~ms~ ~ 112-111:4 Central Avenue .............................................. ,buque Co~ly D~buque S.ta~ IA ~aen[-~D~q~' ~.~ & ~2t Fompa~y uc Address 1398 C~ntral Av~,'Dub~que. ScaJe: 1 = 20 :.M.rea 2114 Name ~.n of Area ~.2.0.0o Size Totals -~.~ [-~"~f.~ .................... I TOTAL 17!VABI~E .(~0~nd_~! 5120 Ar?as. _Tota!.!r o.u. n_de~d! .......... ~_1 ~0.. Subject Photo Page Subject Front 1890 Subject Rear Subject Street Subject Interior Photo Page Dubuque Coun{y Dubuque enderDubuque Bank & Trust Company ALLEY ,~es Pdce 50,000 0ual~y 11TH STREET PARKING AREA Comparable Photo Page Dubuque ' Comfy Dubuque Comparable 1 615-19 Pickett, Street Sags P6c~: 75,000 GSA: 3,840 Ag~ 1900 Comparable 2 ~78 W. Locust Sffeet ~aJes Pdce: 58,000 G~A: 3,248 Age: 1860 Comparable 3 375-77 W. 17~ Street 1891 Subject Photo Page C~y Oubu°Ue Subject Front GBA: 5,120 Age: 1890 Subject Rear Subject Street Subject Interior Photo Page Dubuque Coorr~ Dubuq?e ! ~ Dubuque Bank & Trust Company ALLEY 11TH STREET PARKING AREA ,Subject Interior Photo Page Cou~ Dubuque Subject Interior 1112-1114 Cenb'al Avenue Sales Rice 50,000 QuaJ~y FURNACE TO BE REPLACED Subject Interior - BATH Comparable Photo Page I[y Address 1112-1114 Central Avenue Dubuque Counff Dubuque St~t IA ~Co~ 52001 Comparable 1 515-19 P~ke~ S~eet Sa~sFfice: 75,000 GBA: 3,840 Age: 1900 Co~parable 2 378 W. Locust Bbqeet Age: 1800 Comparable 3 375.77 W. 17~h Street ~ Price: 49,900 GSA: 5.124 Age: 1891 LISTINGS PHOTOGRAPH ADDENDUM C~n~ Dubuque St~ IA Zip Code 52001 Dubuque ~el Dubuque Bank & Trust Compan~ Subject & Comparable Sales Map FIRM LEGEND ONE X ......... 4 6 ~'1 7.01 7.02 ........... S~oLo Ooundonj : :;" .:'"" ..... : '.:..j::':. The subject property is currently zoned C-4, Downtown Commercial District, according to the Dubuque Zoning Map. This district is intended to accommodate the older commercial areas of the city by permitting a large variety of unrelated uses that developed prior to effective planning techniques. Some uses are characterized by older structures, deficient traffic and parking patterns, and little open or green space. The district regulations are designed to encourage the maintenance of existing uses and the private reinvestment of existing uses and redevelopment of new commercial uses. This district is not intended to have any app. lication in undeveloped areas of the City. Permit~ uses include: residential above the first floor only, ho~sing for elderly and disabled persons, mortuaries and funeral homes, non commercial art galleries, museums and librar, ies, schools of private %nstruction, private clubs, general offices, medical offices/clinics, dental lab, personal services, barber and beauty shops, motel, gas and service stations, grocery store, drugstore, retail bakery, laundry and dry cleaners, hardware store, flower and commercial greenhouse, shoe repair and sales, commercial art ga~l-lery, bakery (wholesale and commercial), indoor restaurants, bar/tavern, automated gas station, supermarket, clothing/accessory store, shoe store, jewelry store, sewing fabric store, books and stationery, gift and souvenir shop, toy and hobby shop, sporting goods (sales and rentals), bigycle {sales and rentals), camera and photo Store, furniture and home furnishings, appliance sales and service, radio and TV s'ales and service, computer sales and service, music store (salem and rentals), catalog center, animal hospital, Laundromat, furniture upholstery/repair, artist studio, photographic studio, neighborhood shopping centers, bus'iness services, and department stores up to 60,000 square feet. Other permitted uses include; hotels, auditorium and assembly halls, indoor theaters, banks, savings and loans, office supply, indoor amusement center, vending games sales and service, indoor recreation facilities, construction sales and service, printing or publishing, package liquor sales, auto parts sales and supplies, upholstery shop, parking structures, contractor shop and yard, wholesale sales and distribution, agricultural supplies, vocational schools, business and secretarial schools, and other commercial and retail uses. Conditional Uses include: drive/carry out restaurants, drive-up automated bank teller, s~lf 'service car wash, full service car wa~, a~to service center, auto sales and service, auto. repair and body sh~p, motor~cle sales and service, boat sales and service, recreational vehicle sales and service, vehicle rental, and group day care centers.' There are no front, side, or rear setback requirements for allowed uses; unless they abut a residential zoning. If there is a residential abutting the property, then the only setback is 6 feet from the side (for any use). Conditional uses all have front setbacks of 10 feet. The ~aximum height is 75 feet for all uses. 195 East 14TH STREET, DUBUQUE, IOWA 52001 PRONE (319) 557-1465, F~.X 319] 588-4214, E-mail: PeldermanR@aol.com or Feldermnl@ao/.com FELDERMAN APPRAISALS is currently engaged in real estate appraising and COUnSeling, market feasibility studies, and review appraising. The appraisers of the organization have a comprehensive background [n real estate, business, economics, finance, management, aviation, and construction. Ali of the appraisers ate State of Iowa Certified Real Property Appraisers, and some are Illinois Licensed Appraisers and/or Wisconsin Certified Appraisers. Current Appraisers of the firm are as follows: John L. Felderman, Illinois and Iowa .: .' Rober~'J. Feiderman, Wisconsin and Iowa · Kari"L. Zelinskas, Iowa Ann M. ~Hayes, Iowa Intern A partial listing of FELDER~L~N ARPRAISAL~ activities are listed below. Agricultural properties, including farm land for aviation uses, Apartments, condominiums and other multi-family projects, Red and Breakfast Inns, Campgrounds, Church and rectory, Convenience Store and Truck Stop facilities, Dealership facilities of all types, Eminent domain takings and condemnations, Freight warehouse and shipping~distribution facilities, Gasoline/service station and other convenience store=~ Golf Courses of all tyPes, Ristorical Restorations, Medical Clinic and similar facilities, Mobile Home Parks, Renovated facility pro3ects, Residential properties of ali types, ~upplemental Addendum ~ropedy A~ess 1 '~'12~11'~1' ce~l Avenue ................. %. c~;.~.~-----;- ......... ~o~~----~?iA EDUCATION State of Iowa Certified General Real Property Appraiser, CG01134 state of Wisconsin Certified General Real Property Appraiser, 1766 Licensed Real Estate Broker Associate, State of lows. Appraiser Member, National Association of Master Appraisers Master Senior Appraiser, N.A.M.A. Certification No. 1443 Past Accredited Review Appraiser, MR, Certification No. 71 Appraiser, National Association of Realtors Appraiser Section Past Board of Dire¢cors, Iowa Chapter N.A.M.A. Realtor, Dubuque Board of Realtors, Dubuque, Iowa, since 1985 Past Director, Dubuque Board of Realtors Review Appraiser, Numerous Financial Institutions throughout Mid-West Director, Dubuque Multiple Listing Service 1993-1994 President, Dubuque Mortgage Ares Lenders Associatlo~_~_~_~,~_9~ -~st Environmental Site Assessor, Natl Assoc. Environmental Consultants Board of Directors/Secretary, Dubuque Main Street, Ltd., 1994-98 President & VP, Iowa National Guard Officers Association, 1994-97 Senior Real Property Inspector, Since 1995 Environmental Stewardship Commission, Dubuque, Iowa 1994-1996 Secretary, Dubuque Main Street, LTD., Dubuque, Iowa 1994-1998 President, Board of Directors, Starbase, Des Moines, Iowa 1997-2800 Advisor, Nati Education Center for AG Safety, Peosta, Iowa since 1997 Candidace Mea~ber, CCIM, since 1995 ~L~I Candidate, since 1999 Twenty-four years duty U.S. Military (Lieutenant Colonel, ARNG) Desert Shield/Storm veteran - November 1990 through July 199I Residential, Farm/Land, Co~nercial, Industrial, Review Appraiser Instructor, Northeast Iowa Community College, Calmar, Iowa Instructor, Iowa West Community College, Council Bluffs, Iowa Suest Speaker for Real Estate and Appraisal Organizations Expert Witness in Court Testimony and Litigation, 15+ years Zip c~, s2oo~ : The Appraisa~ of Real Estate for ~minent Domain Acquisition, Writing the Narrat£ve Appraisal Report, ~ncoln Gradua=e Center ~peratioU lucome Statement )ne-' to Four-Family Investment Property and Two- to Four-Family Owner-Occupied Property · No. ~ Y- .C~. No .[:]. _ 4_~. ~_. 4no dNo. 3 Yes ~. No .~. __4~9 __ S 450 a~.4 Yes .~ No ~ 11~ $ __ ~7 nual Income and Expense Projection for Next 12 months · ~ ~s~) ...... + 0 0 120 44.00 5OO l.~JO 13rBeo S. Reserve Schedule dryms If ash c~acto s fumac, fo~s ~nd ~-'.~.~ ..~ ~ ..... ~p~ mat .hae a rema~i~] qe el more ~iafl one year.sgnil as re Equipmm Rep~acemeflt 5_O0__ ~ 15 Y~s. $ .... 2_e~ ca, __.js_Yts. 4~__ ea. ~ / .. 8.q ~y~. / ~s_yrs. $-- 39.3__ $.__ PerSq. y,~ / Y~s. $_ S .....-- Sloven/Ranges ...... @ $_. ReMgerams ................ @ S Dishwashers ..... @ $, k/CUm~s . @ 5. C. Washef/~tefs @ $ Furnace(s) . @ $. · (Omed . @ S Tani,~q. Yds, @ .I; Operating Income Reconciliation $ . 240 · Theb~m~ww~sm~/h~us~e)~ns~tc~w~mef~f~n~st~ecarcnia~edbyc~m~a~g~het~taJMm1~em~ sni)~ect~ope~y ~°w b a negaGve au~.. it must he inclu~-~ as a [~hliit,/fol- quard'ica~m~ ~urpo~eL determines the cash flow for an owner. ~'~1 ~ " ' ~_.{.~Fe_lderman. IA ' ~ Name i~xiemm~er Signa~. Oa~e Fredd~ Mac FmmWC-- TOT/d. 20~ m'l~m~/s aPP'msnisnitwarebyalamm~,k~c.~ -800-ALAMOOE SMALL RESIDENTIAL INCOME PROPERTY APPRAISAL REPORT MLS, inspection P_ubl.!c. Rec~'d ................. e Goo~ _. ?,.,s,,d _.... ?,M, . ~.~u~.l'~L~" _..~?. $ $ ...... t,350 $ ....... 450 $ .... ~ ....... 1,35~ ........ ~?. ....... ~?. r monUdy hcome (itenlize) qane ................................................ $ n~. Actu~L-lasl~lr 4p.~ Pre~ious~ear.tpq% EslLqla~d: ._lOS $3,~, ..Anmtaly '.$ incl~ed ~ ~s~imated rents: ~ Beclrlc ~;~ Waler ~:~ Sewer [~ Gas ~ Oil ~ Trash cdeniiml [~ all ut~ties include~ in renL nents on Ihe rent sched~ acluni rents, eslimated rents (espec~ ~egam-mg allm~,nc~s ~n ~a a~ ~ted ~s), ~, ac.: c ~an 72 10-94 Fannie Mae F~rm 1025 10-94 ~IVJALL ltt:~IUENIIAL INCOME PROPERTY APPRAISAl. REPORT CO .M~.~. _ABL~-S.~LLt~O. ~ ,~,c,~"'P~'"~ 17~7 j~'~ ~,,~, .o,ooo /~' .._ t.~; ................. ~illfla y~zr 0f apFaJsaI ublic Record MLS~Public Record MLS, Public Record CS, PuUic Record Purchase agreement enclosed. It k the sa,~ from owner Io a significant other, plus the buyer plans to insta]~ new gas [orced wan'n Ii fumace and a new water heater. - ............................... ' ....................... INDICATED VALUE JlY SALES COMPMISON ARPROAC~ .................. $ 70 000 ~DICATED VALUE BY ~[COUE APPROAC~ ........... : .......... ihb appraisa~ Js ~d'e--'"-L]-;a~; --[~ subject la ~e repairs, aiteraians. ~pe:S~s. ~ ~ r~t~d ~ ~ la cmp~J~ p~r p~s an~ spe~r, are~ Comments and Conc~Jees of aRora~sal: .S--ubje-ci lo new furnace and water heater.'m_s.!a.P~a~9_rL_S_e_e At t a ~_ _~__ _.a~..e_nd.um SIGNIFICANCE OF PROPERTY ' ite Inventory Form . state Inventory No. 31- [] New [] Supplemental State Historical S'ociety of Iowa [] Part of a district with---known boundaries (enter inventory no.) __ (December 1, 1999) RelationshiP: [] Contributing [] Noncontributing [] Contributes to a potential district with yet unknown boundaries National Register Status:(any that apply) [] Listed [] De-listed [] NHL [] DOE 9-Digit SHPO Review & Compliance Number ~ [] Non-Extant (enter year) Name of Property historic name ~ other names/site number Location street & number 1112-111~ Central city or town Dubuclue [] vicinity, county Dubuque Legal Description:(If Rural)Township Name Township No. Range.N'b( Section Quarter of Quarter~, (if Urban) Subdivision Block(s) 44__~6 L"-ot(s) S1/4-- \ 3. State/Federal Agency Certification [Skip this Section] : 4. National Park Service Certification [Skip this Sec~/on] 5. Classification Number of Resources within Property Category of Property (Chec~ only one box) If Non-Eligible Property If Eligible Property, enter number of.' [] building(s) [] district Enter number of: Contributinq Noncontributinq 1-] site buildings I 1 buildings [] structure sites __, __ sties [] object '-~ structures __ __ structures -- objects objects -- Total. 1_--- " Z Total ' Name of related project reporl: or multiple property study (Enter 'N/A' if the PmbertY is not part of a multiple pr°perJy examinati°n)' Title- Historical Architectural Data Base Number The Architectural &:Historical Resources of Dubuque, IA: 1833-1955 (Revised) 31- 6. Function or Use Historic Functions (Enter categories from instructions) 01B01 Domestic: Duplex Current Functions (Enter categories from instructions) 01B01 Domestic: Duplex 7. Description ArChitectural Classification (Enter categories from instructions) 04A Mid-19th Century: Greek Revival Materials (Enter categories from instru~ons) foundation 04C Limestone walls 03 Brick roof 0SA Asphalt Shinales other Narrative Description (J~ SEE CONTINUATION SHEETS, WHICH MUST BE COMPLETED) 8. Statement of Significance Applicable National Register Criteria (Mark 'x' representing your opinion of eligibility after appJying relevant Natiocei Register 1-1 Yes [] No [] More Research Recommended . [] Yes l--i No [] More Research Recommended [] Yes [] No [] More Research Recommended [] Yes [] No [] Mbre Research Recommended A Property is associated with significant events. B Property is associated with the lives of sign'~cant persons. C Property has distinctive architectural characteristics. D Property yields significant information in archaeology or history. -2 'County Dubuque Address 1112-1114 Central Site Number 31~- City Dubuque District Number Criteria Considerations [] A Owned by a religious institution or used for religious purposes. [] B Removed from its original location. [] C A birthplace or grave. [] D A cemetery [] E A reconstructed building, object, or structure. ~ ~ A commemorative property. Less than 50 years of age or achieved significance within the past 50 years· Areas of Significance (Enter categories from instructions) 02 Architecture Significant Dates Consb~ction date 1860-70 [] check if circa or estimated date Other datea Significant Person Architect/Builder [Complete if National Register Criterion B is marked abQve) Architect N/A Unknown Builder \ Unknown Narrative Statement of Significance ([] SEE CONTINUATION SHEETS, WHICH MUST BE COMPLETED) 9. Major Bibliographical Refererices ~3ibJiog raphy [] See continuation sheet for citations of the books, art[des, and other sources used in preparing this form 10. Geographic Data 1 '1 ,-Ecrm .Prepared ~ name/title organization street & numbe~' · pity or town Molly Myers Naumann Consultant 167 West Alta Vista Ottumwa state IA date September 2002 telephone 641-682-2743 zip code 52501-1437 ADDITIONAL DOCUMENTATION (Submit the following items with the completed form) FOR ALL PROPERTIES 1. Map: showing the pmpedy's location in a towrdcity or township· 2. Site plan: showing position of buildings and structures on the site in relation to public read(s)· 3. Photographs: representative black and white photos· If the photos are taken as part of a survey for which the Society is to be curator of the negatives or color slides, a photo/catalog sheet needs to be included with the negatives/slides and the following needs to be provided below on this particular inventory site: Roll/slide sheet #7463 Frame/slct # 17 Date Take~ 8-14-02 Roll/slide sheet # Frame/slot # Date Taken Roll/slide sheet # Frame/slot # Date Take~ BSee continuation sheet or attached photo & slide catalog sheet for list of photo roll or slide entries. Photos/illustrations without negatives are also in this site inventory file. FOR CERTAIN KINDS OF PROPERTIES, INCLUDE THE FOLLOWING AS WELL 1. Farmstead & District: (list of structures and buildings, known or estimated year built, and contributing or non. contributing status) 2. Barn: a. A sketch of the frame/truss configuration in the form of drawing a typical middle bent of the barn. b. A photograph of the loft showing the frame configuration along one side. c. A sketch floor plan of the interior soace arrangements along with the barn's exterior dimensions in feet. State Historic Preservation Office (SHPO) Use Only Below This Line Concur with aboye~u~ey, opinion.~.n_ National Register ~ligib~ljt~: [] ~es [] Nq'-: [~ More.Research Reco~mended ~?T Comments: ... · :~.:.;~:~. :-'.~: . -'' ....... -.'~': ....... :.' :- -' .~ ~- ~ ".-~-~;~; ............. : ....... :'~';:;'-' ................................ Eval~-ated b)i (na~"e_~)tle)i : ;.. 'i '.' Site Number 31- Related District Number · ~oW~a Department of Cultural Affairs State Historical Society of Iowa Iowa Site Inventory Form Continuation Sheet Paqe 1 Dubuque Name of Property 1112-1114 Con,al County Dubuque Address City This two stow (plus attic) brick duplex appears to be a true "double house' with twin front gables, with the entrances on the gable end, each off-set to'one side. The facade is basically a mirror image. A broad wooden cornice, extends along the side walls immediately below the eaves, and wood cornice returns wrap around the gable ends. These cornice returns are the major decorative element and\cr~eate a feeling of the Greek Revival style. The double entry doors and doub e hung windows feature limestone sills and lintels. The rear wing was originally a single stow, but has been shown as a two story block since the 1909 Sanborn map. This wing has a fiat roof and rear porches are located on both the north and south sides of this wing. Originally a porch protected the two front entrances. (Note masonry repair immediately above the entrances indicating earlier presence of porch.) . The integrity of this residence hms been maintained at a high level with few exterior alterations. The second stow of the rear wing and the two rear porches have been in place more than 50 years and are con~ere(~to'important parts of the strUcture. Duplexes, pdmafily bdck, are a major Dubuque residential form. These ars found in a number of neighborhoods throughout the city, spreading out fromthe central business district: These follow the rssidential site pattern common to the community, with shallow setbacks from the strset. Most of the brick duplexes featurs a side gable entrance rather than the front gable entry seen here. Like most'of the houses in Dubuque, the duplexes are vernacular in design, with · just a hint of a "high style" seen occasionally in the use of Greek RevivaLcornice returns, a .Second Empirs mansard roof, or an Italianate bay,with brackets. Dubuque newspapers of the 1870s and '80s spoke Of new construction being dominated by working class houses and of many middle class dwellings, 'two stories, comfortable, nothing lavish." (Multiple Property Document, pp E-139 & E-140) It was also noted that many of these were owner occupied. This was probably true of most of the duplexes. This particular duptex is a fine, unaltered example of the building type and is also a good example of the vernacular adaptation of the Greek Revival style. Its location, on the northern edge of the business district, is representative of blocks of houses originally located in this area which have been demolished decades ago. Preservation of this rare remaining example is strongly encouraged. Major Bibliographical References: Sanborn Fire Insurance Maps, 1884, 1891, 1909, 1909/36, 1909/62 Dubuque City Directories, 1902, 1915, 1925, 1934 Bruce Kriviskey, Dubuque,/owa-Architectural Survey 1~78/1979, At/as of City Wide and District Survey Maps, Dubuque; h.p., c. 1979 County Assessor's Data The property at 1112 & 1114 Central Avenue actoal/y comprises two city lots. Except for one or two owners, the lots were typically bought and sold in tandem. Legal description 1: The south 32' 8' by 100' of OutLot 446 in the City of Dubuque. The north 66' 8' by 100' of OutLot 446 in the City of Dubuque. For thc North Lot: United States to Edward Langworthy Sept. 25, 1840 Edward Langworthy to Solon W. Langworthy Jan. 1, 1843 Solon W. Langworthy to Edward Langwonhy Sept. 12, 1849 EdwaxdLangwor~hy to Cauncey G,. Lawrence tarn 1,ol850 Chauncey G. Lawrence to Calvin F. Wickes July 5, 1853 C, alvin F. Wickes Io George Wad & William W. Luke & Charles Crocker July i, 1855 George Wood & William Luke to Charles Crocker Sept. 20, 1865 Charles Crocker to Wellington Weigley Dec. 15, 1865 Wellington Weigley to Angle B. Rood Oct. I, 1868 Augie B. Rood to D. N. Cooley March 28, 1871 D. N. Cooley to Niles Aldrich May 4, 1874 Caroline & Aldrich Cooley Clara Aldrich Cooley Sylvester & Mary Faucher Willlamq Horace B. & Mary_ M~ Warner All to D. N. Cootoy March 24, 1887 D. N. Cooley to Theodore Altman July 5, 1887 Theodor~ &Marie Altman to John Tritz July 5, 1887 John (J'ohan) Trilz to Theodore Altman Jan. 7, 1893 Theodore Altman to Adolph M- Trexler May 26, 1896 Adlolph NL Trexler to Thomag E. Delaney April 9, 1918 Thonla,q E. Deianey to Emma McCaniey. JalL 2, 1930 Emma McCauley to Leroy & Ester Schuster July 22, 1938 Leroy & Ester Sch~O~r to GeraldL. Schuster July 11, 1962 Gerald & Gloria Schuster to Leroy & Ester Shuster Sept. 6, 1962 Ester Schuster -> Ester Schuster & GeraldL. Schuster (son) Jan. 19, 1968 Ester Schuster & Gerald L. & Gloria Schuster to Jerome & Mary G. Bussan Nov. 11, 1969 Mary G. Bussan te Marcia Lawson May I, 1996 Marcia Lawson te Michael J. Visintin Feb. 1, 1999 For the south lot: United States to Edmard LangwoFd~y Sept. 25, 1840 Edward Langwerthy to Solon W. Langworthy Jan. 1, 1843 Solon W. Langworthy to Edward Langworthy Sept 12, 1849 Edward Langvaorthy to Cauncey G,. Lwrenco Jan. 1, 1850 Chauncey Lawxence to Calvin F. Wickes July 5, 1853 Calvin & Clarissa Wickes to Clmuncey G. ~ce 1853 George & Emmlhj Wood to Gilbert Woodruff Jam 18, 1865 Gilbert Wcodruffto E~ax~vL West Feb..25, 1885 Eva M. West to Charles S. West Aug. 23, 1878 Charles S, West to Mary M_ Schaefer Feb. 25, 1885 Mm-y M. Schae~'er to Theodore _~k~manFeb 26, The prope~ ~as inherited by minors Karl P, homberg and sist~ El~mor~ Rhomberg on April 23, 1909 Theodore Airman to Jo~plxine & ~ Wolfie Jnlle 27, 1916 Josephine & Mary Wolfie to Li~ie Bflotte April 15, 1921 I cannot asce_rmin fi'om the record how it happened, but the property, went from Lizzie Bilolle to an Elizabeth Heston and from Heston to Mary Bussan in 1967. From Mary Bussan to Marcia Lawson in 1996 From Lawson to Michael J. V~sintin in 1999. HISTORIC PRESERVATION COMMISSION MINUTES MINUTES ICN Room, ~0rn0e~iem'stout Library 360 W. 11th Street, Dubuque, Iowa PRESENT: ABSENT: Chairperson Wand; Commission Members Chris Scheopner, Suzanne Guinn, and Terry Mozena; Staff Members Laura Carstans, Tim O'Brien and Wally Wernimont. Commission Members John Whalen and Jim Gibbs. AFFIDAVIT OF COMPLIANCE: Staff presented an Affidavit of Compliance verifying the meeting was being held in compliance with the Iowa Open Meetings Law. CALL TO ORDER: The meeting was called to order by Chairperson Wand at 5:01 p.m. ACTION ITEM (TABLED): Application of Cooper Development Co. LLC (tabled) for review of an application ~or property tax rebate for historic located at 299 Main Street in the Old Main Histodc Preservation District. Chairperson Wand noted receipt of a memo dated October 29, 2002 from Planning Services staff informing the Commission that Greg Phrem, Cooper Development Company, had contacted Economic Development staff to request tabling their application. Motion by Guinn, seconded by Mozena to table the application as requested. Motion approved by the following vote: Aye - Guinn, Mozena, Scheopner and Wand; Nay - None. DESIGN REVIEW: Application of Colts Drum & Bugle Corps to demolish residential structure to create a parking lot at 1112-1114 Central Avenue in the Downtown Demolition District. Greg Orwoll, Executive Director of the Colts Drum and Bugle Corps, stated that the Planning Services staff analysis was accurate, but that the Colts had not submitted an up-to-date profit and loss statement for the parking lot. He went on to say that the 'Colts are not looking at the parking lot as a profitable venture, but rather at the quality of the neighborhood in the vicinity of the Colts Bingo Hall at 1101 Central Avenue. Orwoll said the Colts want to expand their bingo business, and found the Planning Services staffs analysis of available parking in the area valid. He added that ultimately the Colts want to improve the quality of the neighborhood at their front door, and to control its appearance and use, not just to create more parking. Orwoll said that the type of residents at 1112-1114 Central Avenue was a concern, as was the condition of the structure. Minutes- Historic Preservation Commission October 24, 2002 Page 2 -Commissioner Mozena noted ample parking in the area on weekends. He felt the building had architectural significance. He said if the residents are not reputable, that perhaps this is an issue for the property owner to address, and so he did not see demolition as necessary. Staff Member Carstens reviewed briefly the information provided by the applicant, the information not provided as required by City Code, and the staff analysis. She noted that the Commission is to consider two criteria for demolition requests: (1) if the building is historically or architecturally significant; and (2)if denial of a demolition permit does not allow the property owner to earn a reasonable economic return. She added that the Commission is in an advisory role, and is to provide a recommendation to the City Council. '~ Commissioner Scheopner asked Mr. Orwoll how many people the Colts bingo draws. Orwoll said bingo games top out at 220, and the building is rated for 404. Orwoll added that the Colts are beginning to market the bingo hall for trade shows. Commissioner Scheopner asked about the surrounding properties, and Orwoll described them. Commissioner Scheopner asked if there was handicapped parking. Mr. Orwoil said there are two on-street spaces, and one new space is proposed for the new parking lot. Commissioner Scheopner asked how many stalls the proposed lot would have. Mr. Orwbii'~e p ~i efi-t~dl-at 24 -sp~ce~a~e ~etr~j~roFo~. about impacts on the neighborhood. Mr. Orwoll stated that most of the Colt's issue is with the building and its tenants. He felt the best use of the economic return is to reuse the property for parking. Jerry Anderson of Anderson Design and Consulting, project designer, noted in Exhibit A of the staff report, that they can't do exterior rehab only and earn the same amount of rental income. He said it would be only $1,000 per year in rents. Michael Visintin, 1790 Asbury Road, property owner, said the property was owned for years by Mary Bussan before being condemned by the City. He said he acquired the property at cost with a silent partner, who took a second mortgage. Mr. Visintin said he made a $6,000 investment. He added that rents were maximized at $540 and $640 per month. He said he can't get reliable tenants primarily due to the location. He Said the Police were at the site five times this year. He said the apartments were redone due to wear and tear of tenants. He added that he had evicted five drug dealers; He said his typical tenant has alcohol or d~ug abuse problems. He described some of his tenants who he took without reference checks or in spite of poor references. Mr. Visintin argued that he can't make the investment shown in Exhibit A to generate the income shown. He said the building doesn't have a return now. He said with the investment shown, he won't be able to make a return or sell the property. He said the income he receives now is sufficient to keep the building in compliance with code. Chairperson Wand said that the Commission needs to look at two issues: (1) historical/architectural significance; and (2) economic return. Minutes- Historic Preservation Commission October 24, 2002 Page 3 The consensus of the Commission was that the building has significance based on the State report submitted. Motion by Wand, seconded by Guinn, to determine that the building is significant based on the State report. Motion approved by the following vote: Aye - Guinn, Mozena, Scheopner and Wand; Nay - None. Commissioner Wand noted that with respect to economic return, some information has ' not been submitted, including grants and loans that would help reduce the rehab costs. He agreed with Mr. Anderson that exterior only rehab would be a stopgap measure at best. Commissioner Guinn said she needed a more complete application to make a decision. She said she would like to see multiple bids/costs/quotes. She referenced the quote of $500 for windows without competitive bids to back it up. She also noted a lack of maintenance and repair records/history from the City's Housing Department. Commissioner Guinn added that the property owner has stated that the property is earning enough of a return to keep it in Code, and this is reason to preserve it. Commissioner Mozena felt that the building has potential as an office structure if ~m, gun!*~-~,m notthehighestorbest,Jse. ~,~ structure, you build equity. He noted the economy of downtown with the planned investments by the public and private sectors. Commissioner Scheopner also noted that the property owner has said he is not earning a return because of his tenants, yet he is earning enough to meet Code. Vicky Schaefer, Colts Drum and Bugle Corps, said she has toured the property and she has never seen anything like this condition, even in East St. Louis. Chairperson Wand reviewed the maintenance list submitted by the Colts. Mr. Visintin clarified that items listed from 1999 on were fixed. Chairperson Wand said he agreed with Commissioner Mozena that we'd be tearing this building down to fix the neighborhood and that we haven't looked at other options for viable use of the structure. He said if we were to tear down buildings just because they are in "bad neighborhoods,' we'd tear down buildings all over downtown. He didn't feel that they had enough information to make a determination of economic return. Mr. Visintin said he had purchased the building at $50,000 with a second mortgage for $16,000, and he has paid some off. He said it had an appraised value of $70,000- $74,000. He added that he had been turned down by two commercial realtors to sell it. He felt the building won't make it as an income property. Commissioner Scheopner said if you purchase a building like this, you have to realize that you will have replacement costs due to the age of the building. Minutes- Historic Preservation Commission October 24, 2002 Page 4 Commissioner Guinn said she couldn't make a decision on economic viability at this meeting. She and Commissioner Mozena agreed they would support tabling the request for the applicant to submit all the required information, Mr. Orwoll asked how the Commission defines reasonable economic return. He said he would define it as 6-8%. He also noted that there is no daytime parking in the area. He added that there is heavy truck traffic on two sides of the building. Assistant City Attorney Tim O'Brien answered that the Commission defines reasonable economic return as they see fit on a case-by-case basis. He said it could range anywhere from 1% to 10% and is what anyone reasonably would expect. He explained the Supreme Court,s ruling on "takings," which prevent a reasonable return on properties. He added that the standard is designed to allow regulation, but not to a point where a reasonable return can't be earned or a reasonable use of the property is restricted. Chairperson Wand asked Mr. Orwoll if we have any reason to believe that the Colts need this property for parking. Mr. Orwoll said no, it is not necessary. Chairperson Wand said the question or dilemma for the Commission is that if the Colts don~t~neefi~h~p~ldwg~oT~,,~wn~he building, ~how~candeniat~revent a~¢er~,c return? Assistant City Attorney Tim O'Brien explained that the Colts step into the shoes of the property owner in this case, by virtue of their option to purchase. He also explained that there is no time restriction on the Commission's review of this .request, because an application for demolition permit has not been filed with the Building Department. ChairPerson Wand noted this special meeting and preliminary design review was done as a courtesy to the Colts. Commissioners discussed what additional information they will need to see in order to make a determination on reasonable economic return. Commission Guinn listed: (~) exactly what needs to be done to rehab the property as determined by the City Housing Department; (2) more than one set of estimates to meet these rehab requirements; (3) estimated value of the property after renovation; and (4) any items identified in the staff report as being omitted. Commissioner Mozena added ,that the applicant needs to provide documentation of State grants, incentives that come with National Register eligibility, and all other information in item #15 in the required submittals under City Code. He also said staff should work diligently with the owner to find incentives. Chairperson Wand clarified that research needs to be documented on local or state agency letterhead, not on a list or letter submitted by the applicant. Motion by Guinn, seconded by Mozena, to request staff to work with the applicant to complete the application and to provide the information required for economic return analysis. Motion approved by the following vote: Aye - Guinn, Mozena, Scheopner and Wand; Nay - None. Minutes- Historic Preservation Commission October 24, 2002 Page 5 ITEMS FROM PUBLIC: John Gronen, 1766 Plymouth CouK, presented his preliminary proposal for rehabilitation of historic buildings at 1042, 1066, 1086 and 1091 Main Street and 248 W. l~tStreet in the Downtown Neighborhood Demolition District. He explained that he is applying for historic rehab tax credits. He said his proposal will create affordable housing units on the upper levels, and commercial storefronts on the street level. He reviewed that parking would be in the rear of the buildings, off the alleys. Mr. Gronen also reviewed the existing lean-tos and addition he would like to demolish on the rear of the buildings, and the proposed new additions. He.asked the Commission fora letter of support to him and to the Iowa Finance Authority for adaptive reuse and rehab of these properties, for his tax credit application. Commissioners thanked Mr. Gronen for making the presentation and complimented him on the project. The consensus was the proposed demolitions were not a major concern to the Commission because they are not original. Motion by Guinn, seconded by Mozena, to submit a letter of support to John Gronen and the Iowa Finance Authority for adaptive reuse and rehab of these properties, as supportive downtown. Motion was approved by the following vote: Aye - Guinn, Scheopner, Mozena and Wand; Nay - None. ITEMS FROM COMMISSION: Commissioners discussed the code enforcement process for the Bricktown parking lot and the inclusion of criteria within grants, loans and other financial incentives that would address violation of/non-compliance with City Ordinances. Assistant City Attorney Tim O'Brien recommended that the code enforcement process for the Bricktown parking lot should be implemented by the Building Services Department, and that broad language be used to cover this situation in City financial incentives. ADJOURNMENT: Motion by Mozena, seconded by Guinn, to adjourn passed unanimously. The meeting adjourned at 6:41 p.m. Respectfully submitted, Laura Carstens, City Planner Adopted CORRESPONDENCE FROM PLANNING SERVICES DEPARTMENT Plantring Services Department C~ty Hall 50 West 13th Street Dubuque, Iowa 52001-48(:~ (563) 589'-4210 office (563) 589-4221 £ax (563) 690-667s planving~dtyofdubuque.org Greg Orwoll ~ Executive Director Colts Drum and Bugle Corps 1101 Central Ave Dubuque, IA 52001 November 21,2002 SUBJECT: Demolition Request for 1112-1114 Central Avenue Dear Mr.' Orwoll: At the October 24, 2002 special meeting to review your demolition request for 1112- 1114 Central Avenue, the Histodc Preservation Commission (HPC) requested that Planning Services staff work with you to complete the application and provide the information required for the economic return analysis. Please review the itemized list of incomplete or m~ssing application components that Planning Services staff provided to you for the October 24th HPC meeting. At this meeting, the Commission discussed what additional information they will need to see in order to make a determination on reasonable economic return. The Commission listed the following 'items: 1) Exactly what needs to be done to rehab the property as determined by the City Housing and Community Development Department. 2) More than one set of estimates to meet these rehab requirements. 3) Estimated value of the property after renovation. 4) Any items identified in the staff report as being omitted. Commissioners added that you need to provide documentation of state grants and incentives that come with National Register eligibility and all other information in Item No. 15 in the required submittals under the City Code. That reseamh needs to be documented on local or state agency letterhead, not on a list or letter submitted by you. Letter to Greg Orwoll November 21, 2002 Page 2 Similarly, the information provided in your packet regarding estimated market-value of the property in its current condition needs to be supported by documentation of the two appraisals referenced and information on the loan from East Dubuque Savings Bank needs to be provided on East Dubuque Savings Bank letterhead. The HPC asked that Planning Services staff work with you to identify preservation incentives and alternatives. Enclosed please find information on resources that you can contact about preservation incentives and alternatives for this property. In addition,. Planning Services staff has discussed your request with the Housing and Community Development Department and provided a copy of the application for their review. Planning Services staff als0 received a copy of the demolition permit application filed with the Building Services Department on October 29, 2002 for the subject property. The HPC now has 60 days from that date to act on your request. As a result, the Commission must review your demolition request at their December 19, 2002. The application deadline for this meeting is Monday, December 2"d at 5:00 p.m. at the Planning Services Office. If you are not able to provide all the required application materials by December 2~, you can ask the HP¢ for an extension on their review of the demolition request. If you have any further questions, please feel free to contact either Assistant Planner Waily Wernimont or me at the above address. Sincerely, Laura Carstens Planning Services Manager Enclosure CC: Rich Russell, Building Services Manager David Harris, Housing and Community Development Director Historic Preservation Commission MEMORANDUM December 3, 2002 To: From: Subject: Historic Preservation Commission Laura Carstens, Planning Services Manager ~ Demolition Request for 1112-11'14 Central Avenue INTRODUCTION Bugle Corps for property owned by Michael Visintin at 1112-1114 Central Avenue: BACKGROUND The Historic Preservation Commission reviewed this demolition request at a special meeting on October 24, 2002. At this meeting, the HPC determined that the structure had historic and architectural significance. At this meeting, the HPC also discussed with the applicant what additional information was needed to make a determination of reasonable economic return. Planning Services staff reiterated this information in writing to the applicant in a November 21, 2002 letter (enclosed) to the Colts. On October 29, 2002, the Colts filed an application for a demolition permit with the Building Services Department. As a result, the 60-day review period for the HPC began on this date. This meant that the Colts had to submit their application materials by December 2, 2002 for the Commission's December 19, 2002 meeting. The materials were not submitted by December 2, 2002. On December 3, 2002, the project architect for the Colts filed a written request for a 30-day extension (enclosed) to the Commission's January 16, 2003 meeting. DISCUSSION Planning Services staff provided David Harris, Housing and Community Development Director, with copies of the application, staff report, and meeting minutes. David has talked to Michael Visintin, the property owner, at length on several 'occasions: Demolition of 1112-1114 Central Avenue Page 2 of 2 .... Mr. Visintin has explained to David his financial issues regarding the referenced Property. Basically, Mr. Visintin's position is that he cannot take on any more debt, as his cash flow cannot support it, even with the subsidized financing the City of Dubuque can offer. Mr. Visintin also expressed no interest in the various tax credit programs that City staff could help him access. David was unable to convince Mr. Visintin to let Housing and Community Development staff tour the property and perhaps come up with ideas for improving it in a less costly fashion and/or reconfiguring it to create more rental income. David discussed with Mr. Visintin the possibility of the City finding him another buyer, who Would be interested in making an investment and preserving the property. Mr. Visintin continually made reference to his "silent" investor/partner, whom he consulted regarding David's suggestions. On November 18, 2002, Mr. Visintin stated he had made a verbal commitment to the Colts to renew their option; he had not at that point signed the option. Mr. Visintin agreed to talk with his partner, and then decide whether to delay signing the option to On November 22, 2002, Mr. Visintin called David back, and said his silent partner had agreed that they should proceed with their option agreement with the Colts: At this time, the Colts have an option to purchase, and Mr. Visintin will not allow David to approach any other potential buyer. RECOMMENDATION PlaNning Services staff recommends that the Commission receive and file the enclosed information, and approve the applicant's request for a 30-day extension to the January 16, 2003 HPC meeting. Enclosures CC David Harris, Housing and Community Development Director Rich Russell, Building Services Manager Planning Services Department City Hall 50 West 13th Street Dubuque, Iowa 52001,4864 (563) 589-4210 office (563) 589-4221 fax (~6a) 6~0-8678 ~vv planning~cityofdubuqu~org November 21, 2002 Greg orwoll ~ Executive Director Colts Drum and Bugle Corps 1101 Central Ave Dubuque, iA 52001 SUBJECT: Demolition Requestfor 1112-1114 CentralAvenue Dear Mr. Orwoll: At the October 24, 2002 special meeting to renew your demo~tion request fo~- 1114 Central Avenue, the Historic Preservation Commission (HPC) requested that Planning Services staff work with you to complete the application and provide the information required for the economic return analysis. Please review the itemized list of incomplete or missing application components that Planning Services staff provided to you for the October 24~ HPC meeting. At this meeting, the Commission discussed what additional information they will need to see in order to make a determination on reasonable economic return. The Commission listed the following items: 1) Exactly what needs to be done to rehab the property as determined by the City Housing and Community Development Department. 2) ' More than one set of estimates to meet these rehab requirements. 3) Estimated value of the property after renovation. 4) Any items identified in the staff report as being omitted. Commissioners added that you need to provide documentation of state grants and incentives that come with National Register eligibility and all other information in Item No. 15 in the required submittals under the City Code. That research needs to be documented on local or state agency letterhead, not on a list or letter submitted by you. Service People Integrity Responsibility Innovation Teamwork Letter to Greg Orwoll November 21, 2002 Page 2 Similarly, the information provided in your packet regarding estimated market value of the property in its current condition needs to be supported by documentation of the two appraisals referenced and information on the loan from Eas[ Dubuque Savings Bank needs to be provided on East Dubuque Savings Bank letterhead. The HPC asked that Planning Services staff work with you to identify preservation incentives and altematives. Enclosed please find information on resources that you can contact about preservation incentives and alternatives for this property. In addition, Planning Services staff has discussed your request with the Housing and Community Development Department and provided a copy of'the application for their review. Planning Services staff also received a copy of the demolition permit application filed with the Building Services Department on October 29, 2002 for the subject property. The HPC now has 60 days from that date to act on your request. As a result, the Commission must review your demolition request at their December 19, 2002. The application deadline for this meeting is Monday, December 2"~ at 5:00 p.m. at the Planning Services Office. If you are not able to provide all the required application materials by December 2r~, you can ask the HPC for an extension on their review of the demolition request. If you have any further questions, please feel free to contact either Assistant Planner Wally Wernimont or me at the above address. Sincerely, Laura Carstens Planning Services Manager Enclosure CC: Rich Russell, Building Services Manager David Harris, Housing and Community Development Director Historic Preservation Commission · (~ Design & Consulting, Inc. Architectural & Engineering Design 169 Main St. P.O. Box 735 Dubuque IA 52004-0735 Tel: 563-582-7241 Fac 563-582-7243 Email: jlanderson~m¢leodusa.net December 2, 2002 CITY OF DUBUQUE DEC 03 2002 hands by December 30, 2002. Thank you. Sincerely, Jerry t5. Anderson President/General Manager JLA:jw c: Greg Orwoll Walty Wernimont, Assistant Planner Planning Services Departmem .-, C~o/Hall 50 West 13m Street Dubuque, IA 52001 RE: Demolition Request for 1112-1114 Cemml Avenue Dear Mr. Wernlmont: Dn~l~o~tte~61ts~Drum~:~Bug~e~2orps, we are requesting a~-O0-day extemion:for submittal of information for the demolition request. It is our understanding that the meeting would be on January 16, 2003 and that the information that you have requested would be required in your Planr~g Services Department city m~ 50 West 13th Street Dubuque, Iowa 52001~[864 (563) 589-4210 office (563) 589-4221 fax plann~g~cityofdubuque.or g Januaw 3,2003 Greg Orwoll, Executive Dire~or Colts Drum and Bugle Corps 110t centralAvenue Dubuque, lA 52001 SUBJECT: Demolition Request for 1112-1114 Central Avenue -- VIA FASCIMILE Dear Mr. Orwoll: At their December 19, 2002 meeting, the Historic Preservation Commission approved the Colts' request for a 30-day extension (enclosed) for the demolition request for 1112-1114 Central Avenue to the Commission's January 16, 2003 meeting. That request indicated that the Colts would submit the required information by December 30, 2002. The Planning Services Department has not received the information yet. We will accept the information specified in my enclosed letter of November 21, 2002 by 5:00 p.m. on Monday, January 6, 2003 for the Commission's January 16, 2003 meeting. If you are not prepared to submit the information, you may request.an extension by this same deadline. Please contact me or Assistant Planner Wally Wernimont with any questions. Sincerely, Laura Carstens Planning Services Manager Enclosure cc: Jerry Anderson, Anderson Design & Consulting, Inc. Planning Services Depar~q~ent City Hall 50 l~st 13th Street Dubuque~ Iowa 52001-4~64 (563) 589-4210 office (563) 589-4221 fax (563) 6~6~8 ~DD planning~cityo fdubuqu~org November 21, 2002 Greg Orwoll Executive Director Colts Drum and Bugle Corps 1101 Central Ave Dubuque, IA 52001 SUBJECT: Demolition Requestfor 1112-1114 Central Avenue Dear Mr. Orwoll: At the October 24,~ 2~ speciai meeting to review y-o[~r ~ernolition~-equest ~ ~- 1114 Central Avenue, the Historic Preservation Commission (HPC) requested that Planning Services staff work with you to complete the application and provide the information required for the economic return analysis. Please review the itemized list of incomplete or missing ap/plication components that Planning Services staff provided to you for the October 24= HPC meeting. At this meeting, the Commission discussed what additional information they will need to see in order to make a determination on reasonable economic return. The Commission listed the following items: 1) Exactly what needs to be done to rehab the property as determined by the City Housing and Community Development Department. 2) More than one set of estimates to meet these rehab requirements. 3) Estimated value of the property after renovation. 4) Any items identified in the staff report as being omitted~ Commissioners added that you need to provide documentation of state grants and incentives that come with National Register eligibility and all other information in Item No, 15 in the required submittals under the City Code. That research needs to be documented on local or state agency letterhead, not on a list or letter submitted by you. Letter to Greg Orwoll November 21, 2002 Page 2 Similarly, the information provided in your packet regarding estimated market value of the property in its current condition needs to be supported by documentation of the two appraisals referenced and information on the loan from East Dubuque Savings Bank needs to be provided on East Dubuque Savings Bank letterhead. The HPC asked that Planning Services staff work with you to identify preservation incentives and alternatives. Enclosed please find information on resoumes that you. can contact about preservation incentives and alternatives for this property. In addition, Planning Services staff has discussed your request with the Housing and Community Development Department and provided a copy of the application for their review. Planning Services staff also received a copy of the demolition permit application filed with the Building Services Department on October 29, 2002 for the subject property. The HPC now has 60 days from that date to act on your request. As a result, the Commission must review your demolition request at their December 19, 2002. The application deadline for this meeting is Monday, December 2~ at 5:00 p.m. at the Planning Services Office. If you are not able to provide all the required application materials by December 2"~, you can ask the HPC for an extension on their review of the demolition request. If you have any further questions, please feel free to contact either Assistant Planner Wally Wemimont or me at the above address. Sincerely, Laura Carstens Planning Services Manager Enclosure Rich Russell, Building Services Manager David Harris, Housing and Community Development Director Historic Preservation Commission Januaw 8,2003 Greg Orwoll, Executive Director Colts Drum and Bugle Corps 1101 Central Avenue Dubuque, IA 52001 Subject: Demolition Request for 1112-1114 Central Avenue Dear Mr. Orwoll: At their December 19. 2002 meeting, the Historic Preservation Commission granted the Colts Drum and Bugle Corps' request for a 30-day extension for submittal of the required information for the above demolition request. The request stated that the Colts would provide the information by December 30, 2002. When the Planning Services Department did not receive the requested information on December 30, 2002, we extended the deadline by one week to 5:00 p.m. on January 6, 2003 for the Commission's January 16 2003 meeting. The Planning Services Department received an incomplete application from the Colts shortly before 5:00 p.m. on January 6, 2003. The application did not include the required information. All of the items specified in my letter dated November 21,2002 need to be submitted to the Planning Services Department for a full application. I have enclosed a list of the information that still needs to be submitted. The Commission indicated at their October 24, 2002 meeting that if the ColtS did not file a complete application, they would not be able to determine whether denial of the proposed demolition permit would prevent the property owner from earning a reasonable return on the property. Since you have not submitted the documentation required by the City Code, you will need to ask the Commission to grant you an extension to submit the required items. You can file this request in writing to the Planning Services Department up until Noon on January 16, 2003, or you can make the request verbally at the Commission's January 16 meeting. The meeting is scheduled for 5:00 p.m. in the Auditorium of the Carnegie-Stout. Public Library. People In~grit~ Responm~ilty Innovation ~work Colts Drum and Bugle Corps Page 2 of 2 The next application deadline is 5:00 p.m. on February 3, 2003 for the Februa~' 20, 2003 Historic Preservation Commission meeting. Staff in the Planning Services Department and the Housing and Community Development Department continue to be available to work with ~ne Colts on preservation alternatives for the building. f you have any questions feet free to contact Assistant Planner Wally Wernimont or myself at 589-4210. Sincerely, Laura Carstens Planning Services Manager CC: Jerr~, Anrl~=rson, Ande.~s~n Design & Cons~.t~ p.~, :!nc. Rich Russell, Building Services Manager David Harris, Housing and Community Development Director Historic Preservation Commission January 3, 2003 Greg Orwoll, Executive Director Colts Drum and Bugle Corps 1101 Central Avenue Dubuque, IA 52001 · SUBJECT: Demolition Request for 1112-1114 Central Avenue - VIA FASCIMILE Dear Mr. Orwoll: At their December 19, 2002 meeting, the Historic Preservation Commission approved the Colts' request for a 30-day extension (enclosed) for the demolition request for 1112-1114 Central Avenue to the Commission's January 16, 2003 meeting. That request indicated that the Colts would submit the required information by December 30, 2002. The Planning Services Department has not received the information yet. We will accept the information specified in my enclosed letter of November 21, 2002 by 5:00 p.m. on Monday, January 6, 2003 for the Commission's January 16, 2003 meeting. If you are not prepared to submit the information, you may request an extension by this same deadline. Please contact me or Assistant Planner Wally Wernimont with any questions. sincerely, Laura Carstens Planning Services Manager Enclosure cc: Jerry Anderson, Anderson Design & Consulting, Inc. Plannin~ Services 12~par tment Hall ~ ~3~ S~t ~que. ~ (~) ~0 o~ ~) ~ fax Du SUe--j uE November 21, 2002 Greg Orwoll Executive Director Colts Drum and Bugle'Corps 1101 Central Ave Dubuque, 'lA 52001 SUBJECT: Demolition Request for 1112-1114 Central Avenue Dear Mr. Orwoll: At the October 24, 2002 special rnee§ng to review your demolition request for 1112- I 114 Ce,~'--al Avenue, theHisto,ficPmservation Commi,;ssL~n~(HPC) ~-,.tuested~at Planning Services staff work with you to complete the application and provide the information required for the economic return analysis. Please review the itemized list of incomplete or missing a,Pthplication components that Planning Services staff provided to you for the October 24 HPC meeting. At this meeting, the Commission discussed What additional information they will need to see in order to make a determination on reasonable economic return. The Commission listed the following items: 1) Exactly What needs to be done to rehab the'property as determined by the City Housing and Community Development DepartmenL 2) More than one set of estimates to meet these rehab requirements. 3) Estimated value of the pr°pe~/after renovation. 4) Any items identified in the staff report as being omitted. Commissioners added that you nccd to provide documentation of state grants and incentives that come with National Register eligibility and all other information in item No. 15 in the required submittals under the City Code. That research needs to be documented on local or state agency letterhead, not on a list or letter submitted by you. Letter to Greg Onvoll November 21, 2002 Page 2 Similarly, the infOrmation provided in your packet regarding estimated market value of the property in its current condition nccds to be supported by documentation of the two appraisals referenced and information on the loan from East Dubuque Savings Bank needs to be provided on East Dubuque Savings Bank letterhead. The HPC asked that Planning ,Services staff work with you to identify preservation incentives and altematives. Enclosed please find information on resources that you can contact about preservation incentives and alternatives for this property. In addition, Planning Services staff has discussed your request with the Housing and Community Development Department and provkled a copy of the application for their Planning Services staff also received a copy of the demolition permit application filed with the Building Services Depa~ls.ent on October 29, 2002 fOr the subject property. The HPC now has 60 days from that date to act on your request. As a result, the Commission must review your demoli'don request at their December 19, 2002. The -app~c~Eon dead,'ine,-for fi-ds~,eefi,~g is Monday, December 2r~ at 5.~nO~~''~' eta*he Planning Services Office. If you are not able to provide all the required application materials by December 2r~, you can ask the HPC for an extension on their review of the demolition request. If you have any further questions, please feel free to contact either Assistant Planner Wally Wernimont or me at the above address. Sincerely, Laura Carstens Pla[tning Services Manager Enclosure Rich Russell, Building Services Manager David Harris, Housing and community Development Director Histodc Preservation commission 1) 3) 4) 5) 6) 7) Information that still needs to be submitted for Colts' Demolition Permit Application for 1112-1114 Central Avenue As discussed at the Historic Preservation Commission's October 24, 2002 meeting, you need to document exactly what needs to be done to rehab the property as determined by the City's Housing and Community Development Department. David Hards, Housing and Community Development Director, has offered to have his staff conduct an inspection of the property to develop this information, and to look for lower cost rehab alternatives to the restoration estimate prepared by Anderson Design & Consulting, Inc. As discussed at the Historic Preservation Commission's October 24, 2002 meeting, you need to provide more than one set of estimates [o meet these City rehab requirements, as well as to substantiate the restoration estimate prepared by Anderson Design & Consulting, Inc. For example: the application indicates that 36 windows will need to be re 31aced and ~ney will cost $500 a piece. You need to submit at least two actual bids/estimates documenting the cost of the windows. You need to provide this level of documentation for all items that need to be repaired or replaced. Documentation of state grants and incentives that come with National Registe¢ eligibility and all other information in Item No. 15 in the required submittals under the City Code. That research needs to be documented on local or state agency letterhead, not on a list or letter submitted by you. Item No. 15 - Proof of the applicant's efforts to obtain financing, tax incentives, preservation grants and other incentives sufficient to allow the applicant to earn a reasonable economic return from the property in its current condition, and after renovation of the existing property for continued use. Information on the specifics of the loan referenced in the January 6, 2003 letter from East Dubuque Savings Bank. Sharkey's bid for demolition is still incomplete, and should be re-submitted by Sharkey's to itemize all costs, including the missing tax and salvage costs. Or submit a second bid from another demolition contractor. Landscaping and greenery costs need to be substantiated by at least two estimates/bids for each item (see #2 above). Any items identified in the staff report as being omitted (see items listed in bold in the attached staff report). Application for Demolition Permit: tt12-1114 Central Avenue Grog Orwoll, Colts Drum and Bugle Corps, applicant Michael Visintin, property owner Data provided by the applicant. Items listed in italics have been received. Items listed in bold have not been submitted. (1) Estimate of the cost of the proposed demolition. · Signed estimate ~om Sharkey's, dated 05/03/02:$18,500 +$2, 800 for water/sewerdisconects (incomplete - does not include tax or salvage costs) (page · Signed estimate from Winger Construction, dated 05/05/02:$25,845 (page 8) (2) A report from a licensed engineer or architect with experience in rehabilitation as to the structural soundness of any structures and their suitability for rehabilitation. · Structural Review by Anderson Design & Consulting, Inc. (page 9) (3) Estimated market value of the property in its current condition; · Not submitted. Statement of current market value of $63,000 (page ~0) is unsigned, undated and without supporting documentation of ~vo appraisals referenced. ... after completion of the proposed construction, alteration, demolition or removal; · Not submitted. ~.. and after renovation of the existing property for continued use. · Not submitted. (4) An estimate from an architect, developer, real estate consultant, appraiser or other real estate professional experienced in rehabilitation, as to the economic feasibility of rehabiF[tation or reuse of the existing structure on the property. · Review by Anderson Design & Consulting, Inc. (pages 30-32) (5) The amount paid for the property, the date of purchase and the person from whom purchased, including a description of the relationship, if any, between the owner of record or the applicant and the person from whom the properbJ was purchased, and any terms of financing between the seller and buyer. · Option to Purchase Real Estate, dated 08/01/02:$61,500 (pages 21-26) · Amended Option to Purchase Real Estate, dated 09/~0/02:$63,000 (pages 28-29) · Assessors record: Purchase pfics of $50,000 on 01/31/00 (pages 16 & 18) Application for Demolition Permit: '1112-1114 Central Avenue Page 2 (6) If the property is income-producing, the annual gross income from the property for the previous two (2) years · Schedule E from proper~y owner's 2000 and 2001 federal income tax returns (pages 12-13) (7) Itemized operating and maintenance expenses for the previous two'(2) years; and depreciation deduction and annual cash flow before and after debt service, if any, during the same period . · Federal income tax returns (pages 12-13) (8) The remaining balance on any mortgage or other financing secured by the property and annual debt service, if any, for the previous two (2) years · Not submitted (9} A!!~pp_.~isa~ obtained ,within~e_pre,~;ous two (2) yearn ~b¥~he ~o~qer _er~app_Ji,-~ ~ connection with the purchase, financing or ownership of the property · An appraisal by Felderman Appraisals, dated 12/14/99, with a sale price of $50,000 and an appraised value of $70,000 is included as an appendix. (10) Any listing of the property for sale or rent, price asked and offers received, if any, within the previous two (2) years Re/Max listing: $49,500 (page 11) Assessor's record: Purchase pdce of $50,000 on 01/31/00 (pages 16.& 18) Option to Purchase Real Estate, dated 08/01/02:$61,500 (pages 21-26) Amended Option to Purchase Real Estate, dated 09710/02:$63,000 (pages 28-29) (11) The assessed value of the property according to the two (2) most recent assessments Assessor's records for 1114 Centrafi $32,590 - 1997; $29,290 - 1998; and $34,560 - 2001 (page 16) Assessor's records for 1112 Central: $30,710 - 1997; $27,440 - 1998, and $32,380 - 2001 (page 18) (12) The amount of real estate taxes for the previous two (2) years · Federal income tax returns (pages 12-13) Application for Demolition Permit: 1112-1114 Central Avsnue Grog Orwoll, Colts Drum and Bugle Corps, applicant Michael Visintin, property or/net ~ Data provided by the applicant. Items listed in ~talics have been received. Items listed in bold haYe not been submitted. (1) Estimate of the cost of the proposed demolition. · Signed estimate from Sharkey's, dated 05/03/02:$18,500 +$2,800 for water/sewerdisconects (incomplete - does not include tax or salvage costs) (page 7) · Signed estimate from Winger Construction, dated 05/05/02:$25,845 (page 8) (2) A report fi.om a licensed engineer or architect with experience in rehabilitation as to the structural soundness of any structures and their suitability for rohabiiitation. · Structural Review by Anderson Design & Consulting,/nc. (page 9) (3) Estimated market value of the property in its current condition; · Not submitted. Statement of current market value of $63, 000 (page ~0) is unsigned, undated and without supporting documentation of two appraisals referenced. ... after completion of the proposed construction, aiteration, demolition or removal; · Not submitted. ... and after renovation of the existing property for continued use. · Not submitted. (4) An estimate from an architect, developer, real estate consultant, appraiser or other foal estate professional experienced in rehabilitation, as to the economic feasibility of rehabilitation or rouse of the existing structure on the property. Review by Anderson Design & Consulting,/nc. (pages 30-32) (5) The amount paid for the property, the date of pumhase and the person from whom purchased, including a description of the relationship, if any, between the owner of record or the applicant and the person from whom the property was purchased, and any terms of financing between the seller and buyer. · Option to Purchase Real Estate, dated 08/0~/02:$6~,500 (pages 2~-26) · Amended Option to Purchase Real Estate, dated 09/'t0/02:$63,000 (i~ages 28-29) · Assessods record: Purchase price of $50,000 on 01/31/00 (pages 16 & 18) Application for Dem olition Permit: 1112-11 t4 Central Avenue Page 3 (13) The form of ownership or operation of the property, whether sole proprietorship, for-profit or not-for-profit corporation, limited partnership, joint venture or other. Not submitted..,Assume sole proprfetorship. (14) Any other information considered necessary by the Commission to make a determination as to whether the property does yield or may yield any reasonable economic return to the property owner(s) Profit and loss for building purchase and renovation (page 33) Site Plan with City Review (pages 34-36) Paving estimates (pages 37-39) Profit and loss for parking lot (page 40) (incomplete - no bids submitted for demolition and paving costs shown, no bids included for required landscaping, no expense shown for property taxes) (15) Proof of the applicant's efforts to obtain financing, tax incentives, preservation grants .~n¢~thcr~nc.-e~tLve..S~s~/~J~e~ ~lLow J_be ~appLica~t -f_o~ar~zeasonabJe return from the property in its current condition, and after renovation of the existing properbj for continued use o Not submitted. (16) A showing of the applicant's efforts in ongoing maintenance and repair · ~ Maintenance and repair history (page 20) and income tax returns (pages ~2 and ~3) CITY OF DUBUQUE, IOWA MEMORANDUM JanuaW 8,2003 TO: FROM: Historic Preservation Commission Wally Wernimont, Assistant Planner ~'' SUBJECT: Demolition Request for 1112-1114 Central Avenue The Planning Services Department received a copy of a demolition permit application filed with the Building Services Department o'n October 29, 2002 for the property at 1112-1114 Central Avenue. On December 3, 2002 the Planning Services Department received a letter from Jerry Anderson on behalf of the Colts Drum and Bugle Corps requesting a 30-day extension for submittal of the information for the demolition request. At the December 19, 2002 Historic Preservation Commission meeting, the Commission granted the Colts Drum and Bugle Corps request for a 30-day extension for submittal of the information for the demolition request..The Historic Preservation Commission has until January 26, 2003 to review the demolition permit request and provide a recommendation to the City Council. The letter dated December 3, 2002 from Jerry Anderson indicated that the Drum and Bugle Corps would provide the information requested by the Historic Preservation Commission to the Planning Services Department by December 30, 2002. The Planning Services Department did not receive the requested information on December 30, 2002. In a fax sent on January 3, 2003, the Planning Services Department indicated that they would accept the requested information specified in the enclosed letter from Planning Services Manager Laura Carstens dated November 21, 2002 by 5:00 p.m. on Monday, January 6,2003 for the Commission's January 16, 2003 meeting. Demolition Request for 1112-1114 Central Avenue Page 2 The Planning Services Department received an application on January 6, 2003, which failed to include all the requested information. All of the requested items specified in the letter dated November 21,2002 need to be submitted to the Planning Services Department for a full application. The Planning Services Department has sent a letter to Greg Orwoll of the Colts Drum and Bugle Corp indicating that they must request an extension in writing to the Planning Services Department up by Noon on January 16. 2003, or they can make the request verbally at the Commission's January 16 meeting. If the Colts Drum and Bugle Corps do not request an extension, the Commission will not be able to recommend approval because they have not submitted the documentation required by the City Code. cc: Laura Carstens, Planning Services Manager CITY OF DUBUQUE, IOWA MEMORANDUM February 11,2003 TO: Histodc Preservation Commission FROM: Wally Wernimont. Assistant Planner~'~ SUBJECT: Drum and Bugle Corp Demolition Request At the January 16, 2003 meeting, the Historic Preservation Commission granted the Colt's Drum and Bugle Corps a request to table their demolition request to the February 20, 2003 meeting. At the meeting, the Historic Preservation Commission indicated that they would need all the material as required by code submitted for the February 20, 2003 meeting for them to make a decision. The Colt's failed to submit the required material by the February 3, 2003 application deadline. Planning Services Staff has mailed and fax a letter (see attached) to Greg Orwoll of the Colt's indicating that they must submit a written request to table the demolition permit application to the March 20, 2003 meeting. If the Colt's fail to submit a request to table, it would require the HPC to provide a recommendation to the City Council based on the information already submitted. .attachment Planning Services Department Qty HaU 50 W~st 13'ch Stre~ Dubuque, Iowa 52001-4864 (563) 589~2~0 office plax'mi~g~cityofdubuque.or§ February 11, 2003 Greg Orwoll, Executive Director Colts Drum and Bugle Corps 1101 Central Avenue Dubuque, IA 52001 Subject: Demolition Request for 1112-1114 Central Aveune Dear Mr. Orwoll. The Planning Services Department did not received the information required by code for the demolition permit request for 1112-1114 Central Avenue by the deadline for the February 20, 2003 Histodc Preservation Commission meeting. The deadline for submitting the required infbrmation was February 3, 2003 by 5:00pm. Plannin~q Services Staff assumes that_you are currently in the process of seeking fun_ding from the various programs that we discussed with Housing and Community Development Director David Hards. You will need to submit a written request asking the Historic Preservation Commission to table the demolition request to their March 20, 2003 meeting. The written request will need to be submitted to the Planning Services Department by 12:00 pm. on Thursday, February 13, 2003. If you have any questions feel free to contact me by phone at 563-589-4210. Sin .c. erely, vvally Wemimont Assistant Planner CC Histodc Preservation Commission Rich Russell, Building Services Manager Platming Services Department Caty Ha~ 50 West 13th Street Dubuque, Iowa 52001-4864 (563) 589-4210 office plannm~,~,~.:i ,t'yofaubuq,ae.org March 4, 2003 Greg Orwoll Executive Director Colts Drum and Bugle Corps 1101 Central Avenue Dubuque, IA 52001 Subject: Demolition Request for 1112-I 114 Central Avenue Dear Mr. Orwoll, The Planning Services Deparb-nent received your demolition permit application by the March 3, 2003 deadline. The Planning Service Department did not receive all the required information for the demolition permit request for 1112- 1114 Central Avenue. As indicated in the attached letter dated November 21, 2002, the Commission requested that the Housing and Community Development Depar[ment have an opportunity to inspect the property and make a determination of what exactly needs to be done to rehab the property. I contacted the Housing and Community Development Department to see if a rental inspection had been completed or requested. Kathy Lamb, Senior Housing, Inspector indicated that no inspection has been requested by the property owner Michael Visintin. After inspection by the Housing and Community Development Department, then at least two (2) sets of estimates wou d need to be submitted to address the rehab requirements established by the inspection. · As indicated in the attached itemized list of incomplete or missing application components that Planning Services staff provided to you for the October 24, 2002 Historic P(eservation Commission meeting, one item has not been submitted: "The remaining balance on any mortgage or other financing secured by the property and annual debt service, if any, for the previous two (2) years." As discussed at your meeting with City staff on January 21, 2003, this information is required by the City Code and must be provided. Demolition Request for 1112-1114 Ce ntral Avenue- Page 2 The Historic Preservation Commission has directed Planning Services staff that we cannot accept an incomplete application. You may submit a written request to the Planning Services Department by March 11, 2003 at 5:00 p.m. asking the Historic Preservation Commission to table the demolition request to the April 17, 2003. You also may verbally request the Commission to table your application at the March 20, 2003 .meeting. If you have any questions feel free to contact me by phone at 563-589-4210. Sincerely, Wally W~nimont Assistant Planner Attachments co Historic Preservation Commission Rich Russell Building Services Manager David Harris. Housing and Community Development Director Kathy Lamb, Senior Housing Inspector Planning Services ~) ~ TDD DUBUQUE November 21, 2002 Greg Orwoll Executive Director Colts Drum and Bugle Corps 110'1 Central Ave Dubuque, IA 52001 SUBJECT: Demolition Request for 1112-1114 Central Avenue Dear Mr. Orwoll: At the October 24, 2002 spe~ai meeiing to review your demo~fi~a-~-12- 1114 Central Avenue, the' Historic Preservation Commission (HPC) requested that Planning Services staff=worK with you to complete the application and provide the information required for the economic return analysis. Please review the itemized list of incomplete or missing application components that Planning Sen, ices sf~df provided to you for the October 24' HPC meeting. ~t this meeting, the Commission discussed what add'~onal information they will need to see in order to make a deterrnina§on on reasonable economic return. The Commission listed the following items: 1) Exac~y what needs to be done to rehab the'pmperbj as determined by the City Housing and Community DeveloPment Depa,h'nent. 2) Mom than one set of estimates to meet these rehab requiren~nts.. 3) Estimated value of the property after renovation. 4) Any items idehf~fied in the staff report as being omitted. Commissioners added that you n-.cd to provide documentation of stye grants and incentives lhat come with National Register elig~TK7 and all oilier information in Item No. 15 in the required subm;;~,=]s under the City Code. That research needs to be d. ~oc~nen~ on local or state agency letterhead, not on a list or letter submitted by you. Letter to Greg Orwotl November 21, 2002 Page 2 Similarly, the informa§on provided in your packet regarding e.sfimata<l market value of the property in its current condition needs t~ be supported by documentation of the two' appraisals referenced and i~f~"mation on the loan Eom East Dubuque Savings Bank needs to be provided on East Dubuque Savings Bank letterhead. The HPC asked that Planning Services staff work wi~ you to identify preservation incentives and alternatives. Enclosed please find information on resources that you can c°f,~ct about preservation incentives and alfemafives for this property. In addition, Planning Services staff has discussed your request with the Housing and Community Development Depa,b,~nt and provided a copy of the application for their review. ~ Planning Services staff also received a copy of the demolition permit application filed with the Building Services Depa~ b~ent on October 29, 2002 for t~e subject property. The HPC now has 60 days from that date to act on your request. As a result, the Commission must review your demolition request at their December 19, 2002. The application deadline for this mccting is Monday, December 2r" at 5:00 p.m. at the Planning Services Office. Lf you are~ot able ~opmm_'~-~J!lhe requ~red~apptJcafi_on rrjatenal.~J3y~ ~ you can ask t~e HPC for an extension on their review of the demolition request, ff you have any further questions, please feel frae to contact either Assistant Planner Walty Wemimont'or me at the above address. Sincerely, .._ ) Laura Carsfens Planning Services Manager Enclosure Rich Russell, Building Se~ices Manager David Harris, Housing and Community Development. Director Historic Preservation Commission Information that still needs to be submitted for Colts' Demolition Permit Application for 1112-1114 Central Avenue 1) As discussed at the Historic Preservation Commission,s October 24, 2002 meeting, you need to document exactly what needs to be done to rehab the properly as determined by the City's Housing and Community Development Depar[ment. David Harris, Housing and Community Development Director, has offered to have his staff conduct an inspection of the property to develop this information, and to look for lower cost rehab alternatives to the restoration estimate prepared by Anderson Design & Consulting, I¢~c. 2) As discussed at the Historic Preservation commission"s October 24, 2002 ' meeting, you need to provide more than one set of estimates to meet these City rehab requirements, as well as to substantiate the restoration estimate prepared by Anderson Design & Consulting, Inc. For example: the application indicates that 38 windows will need to be replaced and they will cost $500 a piece. You need to submit at least two actual bids]estimates documenting the cost of the windows. You need to provide this level of documentation for all items that need to be repaired or replaced. ~ocumentati0n of state grants~ and inc~,'~;Ce~,~at%-oT~-,~e~vith?~l eligibility and all other information in Item No. 15 in the required submittals under the City Code. That research needs to be documented on local or state agency letterhead, not on a list or letter submitted by you. Item No. 75- Proof of the applicant's efforts to obtain financing, tax incentives, preservation grants and other incentives sufficient to allow the applicant to earn a reasonable economic return from the property in its current condition, and after renovation of the existing property for continued use. 4) Information on the specifics of the loan re;feranced in the January 6; 2003 .letter from East Dubuque Savings Bank. 5) Sharkey's bid for demolition is Still incomplete, and should be re-submitted by Sharkey's to itemize all costs, including the missing tax and salvage costs. Or submit a second bid from another demolition contractor. 6) Landscaping and greenery costs need to be substantiated by at least two estimates/bids for each item (see #2 above). 7) Any items identified in the staff report as being omitted (see items listed in bold in the attached staff report). Application for Demolition Permit:, t112-1114 Central Avenue Greg Orwoll, Colts Drum and Bugle Corps, applicant Michael Visintin, property owner Data Dmvided by the apD cant. Items iisted in italics have been received. Items listed in bold have not been submitted. (1) Estimate of the cost of the proposed demolition. · Signed estimate from Shackey's, dated 05/03/02:$18, 500 +$2,800 for water/sewerdisconects (incomplete - does not include tax or salvage costs) (page 7) · Signed estimate from Winger Construction, dated 05/05/02; $25,8#5 (page 8) (2) A report from a licensed engineer or architect with experience in rehabilitation as to the structural soundness of any structures and [heir suitability for rehabilitation. · Structural Review by Anderson Design & ConsuP~ng, Inc. (page 9) (3) Estimated market value of the property in its current condition; · Not submitted. Statement of current market value of $63,000 (page 10) is unaigned, undated and without supporEng documentation of two appraisals referenced. ... after completion of the proposed constru~on, alter~tio, demolition or removal; · Not submitted. ... and after renovation of the existing property for continued use. · Not submitted. (4) An estimate from an architect, developer, read estate consultant, appraiser or other read estate professional experienced in rehabilitation, as to the economic feasibility of rehabilitation or reuse of the existing structure on the property. · Review by Anderson Design & Consulting, Inc. (pages 30-32) (5) The amount paid for the prope~y, the date of purchase and the person fi.om whom purchased, including a description of the relationship, if any, between the owner of record or the applicant and the person from whom the property was purchased, and any terms of financing between the seller and buyer. · Option to Purchase Real Estate, dated 08/01/02:$61,500 (pages 21-26) · Amended Option to Purchase Real Estate, dated 09/10/02:$63,000 (pages 28-29) · Assessors record: Purchase price of $50,000 on 01/31/00 (pages 16 & 18) Application for Demolition Permit: t 112-1114 Central Avenue Page 2 (6) If the property is income-producing, the annual gross income from the property for the previous two (2) years Schedule E from pr~per~ owner's 2000 and 2001 federal income tax returns (pages 12-13) (7) Itemized operating and maintenance expenses for the previous two (2) years; and depreciation deduction and annual cash flow before and after debt service, if any. dudng the same period Federal income tax returns (pages I2-13) (8) The remaining balance on any mortgage or other financing secured by the property and annual debt service, if any, for the previous two (2) years · Not submitted (9) All appraisals obtained within the previous two (2) years by the owner or applicant in connection with the purchase, financing or ownemhip of the property · An appraisal by Felderman Appraisals, dated 12/14/99, with a sale price of $50,000 and an appraised value of $70,000 is included as an appendix. (~10) Any listing of the property for sale or rent, price asked and offers received, if any. the previous two (2) years Re/Max listing: $49, 500 (page ~ 1) Assessor's record: Purchase pnce of $50,000 on 01/31/00 (pages 16.& 18) Option to Purchase Real Estate, dated 08/Ol/OZ' $61,500 (pages 21-26) Amended Option to Purchase Real Estate, dated 09/10/0Z- $63,000 (pages 28-29) (11) '(~2) The assessed value of the property according So the two (2) most recent assessments Assessors records for 1114 Central: $32,590 - 1997; $29,290 - 1498; andS34,560- 2001 (page 16) '- AssessoKs records for 1112 Central: $30,710 - 1997; $27,440 - 1998, and $32,380 7 2001 (page 18) The amount of real estate taxes for the previous two (2) years Federal income tax returns (pages 12-13) Application for Demolition Permit: 1112-1114 Central Avenue Page 3 (13) The form of ownership or operation of the property, whether sole proprietorship, for-prot'R or not-for-profit corporation, limited partnership, joint venture or other.. Not submitted...ASSume sole proprietorship. (14) (15) Any other information considered necessary by the Commission to make a determination as to whether the property does yield or may yield any reasonable economic return to the property owner(s) ,. Profit and loss for building purchase and renovation (page 33) Site PJan with City Review (pages 34-36) Paving estimates (pages 37-39) ProFit and loss for parking lot (page 40) (incomplete - no bids submitted for demolition and paving 6osts shown, no bids included £o~ required landscaping, no e~pense shown for property ta~es) Proof of the applicant's efforts to obtain financing, tax incentives, preservation grants and other incentives sufficient to allow the applicant to earn a reasonable economic property for continued use Not submitted. (16) A showing of the applicant's efforts in ongoing maintenance and repair · Maintenance and repair history (page 20) and income tax returns (pages 12 and 13) ADDITIONAL CORRESPONDENCE January 14, 2003 NATIONAL MISSISSIPPI RIVER MUSEUM & AQUARIUM Chris Wand, Chair City Historic Preservation Commission P.O. Box 509 Dubuque, IA 52004-0509 Dear Members of the Commission: The Dubuque County Historical Society expresses its interest and concern for the historic structure located across the street from the Colts Drum and Bugle Corps building. We understand that the Colts have applied for a permit to demolish the building. We understand that this structure has been determined to be of historic value by the State Historical Society of Iowa. The Dubuque County Historical Society also believes that this building possesses historic merit and effort should be made to preserve it. We note that the economic feasibility of future uses of the structure is a factor. We encourage all due diligence by the potential owner and by the Historic Preservation Commission in examination of such economic forecasts. We know that estimates for rehabilitation can vary widely depending on the level of rehabilitation proposed and by the cost ~stimates used. ' Therefore, we encourage an inspection by City housing staff and a thorough review of the estimated costs. The Dubuque County Historical Society has the utmost respect and admiration t'or the Colts Drum and Bugle Corps and the good work that the organization does for the community. · Nevertheless, we feel that close examination is required before a historic structure is lost to the community. Sincerely, )~a~ Walsh, Chair Local History Committee JE/ms cc: Greg Orwell, Colts Drum-and Bugle Corps STAFF REPORT APRIL 20O3 DEMOLITION PERMIT STAFF REPORT Meeting Date: April 16, 2003 Property Address: Property Owner: Applicant: Agent: Project: 1112-1114 Central Avenue Michael Visintin Greg Orwoll, Executive Director, Colts Drum & Bugle Corps Jerry Anderson, Anderson Design & Consulting To demolish structure to create a parking lot Demolition District: Downtown Neighborhood Funding: No Present Land Use: Type of Significance: Style: Mid 19th Century Greek Revival Date Built: circa 1860-1870 Multifamily Residential Existing Zoning: C-4 Downtown 0 Historical ~ Architectural Project Description: This application is for the proposed demolition of the apartment building at 1112-1114 Central Avenue to create a parking lot for the Colts Drum and Bugle Corps Bingo Hall across the street at 1101 Central Avenue. T. he Colts are proposing the demolition of 1112-1114 Central Avenue to construct a parking lot for leased business hours parking, and additional parking for bingo patrons after hours and on weekends. The Colts intend to partner with Kephart's Music Center by using their small parking lot to the immediate north of 1112-1114 Central Avenue to create a larger parking lot for both the Colts and Kephart's. The proposed parking lot incorporating both properties would provide 31 spaces. Physical Characteristics: The Iowa Site Inventory Form states that this building appears to be a true "double house" with twin front gables. The facade is a mirror image, with entrances on the gable end, each offset to one side. A broad wooden cornice extends along the side walls immediately below the eaves, and wood cornice returns wrap around the gable ends. The foundation is limestone, the walls are brick, and the roof is asphalt shingles. The double entry doors and double hung windows have limestone sills and lintels. The rear wing has a fiat roof. Rear porches are located on both the north and south sides of this wing. The applicant indicates that the building is a 4-plex. The City's Housing and Community Development Department, however, has the property licensed for 5 rental units and 3 rooming units, for a total of 8 dwelling units. Modifications/Alterations: The Iowa Site Inventory Form indicates that the integrity of this residential structure has been maintained at a high level with few exterior alterations. The second story of the rear wing and the two rear porches have been in 1112-1114 Central Avenue page 2 place more than 50 years and are considered important parts of the structure. The rear wing originally was a single stow, but has been shown as a two-story wing since the 1909 Sanborn map. There originally was a porch at the front entrances. Property History: The building was built circa 1860-1870. The property actually comprises two city lots. Except for one or two owners, the lots 'were typically bought and sold in tandem. Structural Review: A structural review conducted on October 3, 2002 by Anderson Design and Consulting Inc. indicates a number of primarily exterior elements to be addressed. The west gable ends lean slightly toward the east, with simple shoring placed in the attic to prevent additional movement. A more permanent solution needs to be provided. The northeast porch structure appears to have numerous rotting structural elements, and repair is advised. The ends of the first floor joists rest on the stone foundation, so a number of these need additional support added to maintain structural stability. At several locations, the mortar has eroded due to leaking or missing gutters and downspouts, with spot tuck pointing recommended. Approximately 10' of the foundation was removed to allow ducts to pass to a crawl space. A temporary loose brick support piling was placed to support the brick structure above, and a more permanent solution is advised. The frieze board and related eave moldings are loose and rotting. A housing rehabilitation inspection was conducted on March 29, 2003 by the City's Housing and Community Development Department. Their findings were similar. Evaluation of Significance: The Iowa Site Inventory Form indicates that duplexes, primarily brick, are a major Dubuque residential building form. These are found in a number of neighborhoods throughout the city, spreading out from the central business district. Most feature a side gable entrance rather than the front gable entrance of this structure. This particular "double house" is a fine, unaltered example of the building type as well as a good example of the vernacular adaptation of the Greek Revival style.. Its location, on the northern edge of the business district, is representative of blocks of houses originally located in this area which have been demolished decades ago. The Iowa Site Inventory Form indicates that preservation of this structure is strongly encouraged. At the October 24, 2002 HPC special meeting, the Commission determined the building has architectural significance based on the Iowa Site Inventory Form. The applicant concurred with this finding at that meeting. Staff Analysis: The Commission is to review all of the information submitted by the applicant, and then make a determination as to the following: (1) Whether the building proposed for demolition has historic or architectural significance to the community; and (2) Whether denial of the proposed demolition permit would prevent the property owner from earning a reasonable economic return on the property. · ' 1112-1114 Central Avenue page 3 If the Commission finds that denial of the application would prevent the property owner from earning a reasonable economic return on the property, or that the building does not have any historical or architectural significance to the community, the Commission is to recommend approval of the application. If the Commission finds that denial of the application would not prevent the property owner from earning a reasonable economic return on the property and that the building has historical or architectural significance to the community, the Commission is to recommend denial of the permit application. In determining whether to recommend approval or denial of the application, the Commission and the City Council may consider the information set forth in the Demolition District regulations (Chapter 11-4 of the City Code). The Commission and the City Council may also investigate strategies which would allow the property owner to earn a reasonable economic return on the property, may solicit expert testimony, and may require that the applicant make submissions concerning any or all of the information required to be submitted. Bin.c!D The application includes several scenarios for increased income fr-om additional bingo patrons, presumably using the proposed lot on the Kephart's site and the subject property. This income is intended to offset the net loss of the new parking lot; however, the parking lot construction has a negative cash flow. Staff has not analyzed these bingo income scenarios because: (1) the profit and loss statement shows a negative net cash flow for the new parking lot, (2) it is difficult to analyze the actual impact of a new parking lot on the bingo income with-the number of existing off-street and on-street parking spaces in proximity to the Colts Bingo Hall, and (3) the need for additional off-street parking for bingo patrons contradicts the case made by the Colts for an off-street parking variance (see attached information related to Zoning Board of Adjustment approval of parking variance.) At the October 24, 2003 HPC meeting, Greg Orwoll, Executive Director of the Colts Drum and Bugle Corps, stated that the Planning Services staff analysis was accurate, but that the Colts had not submitted an up-to-date profit and loss statement for the parking lot. He went on to say that the Colts are not looking at the parking lot as a profitable venture, but rather at the quality of the neighborhood in the vicinity of the Colts Bingo Hall at 1101 Central Avenue. Orwoll said the Colts want to expand their bingo business, and found the Planning Services staff's analysis of available parking in the area valid. He added that ultimately the Colts want to improve the quality of the neighborhood at their front door, and to control its appearance and use, not just to create more parking. Orwoll said that the type of residents at 1112-1114 Central Avenue was a concern, as was the condition of the structure. 1112-1114 Central Avenue ,. · page 4 Buildin.q Demolition/Parkin.q Lot Construction The applicant has submitted the required documentation for demolition and construction of the proposed parking lot. They have submitted a cash flow analysis for demolition and creation of the proposed parking lot (see attached Profit Loss Summaries Item #1). NOTE: According to documents submitted by the Colts, the parking lot will be financed . by paying a $10,783 down payment and financing 97,044 over 25 years at a 6.75% interest rate. Buildin.q Rehabilitation The applicant has submitted the required documentation for rehabilitation of the property. They have submitted a cash flow analysis for rehabilitating the property. (see attached Profit Loss Summaries Item #2). NOTE: According to documents submitted by the Colts, the rehabilitation of the structure will be financed by financing $266,486 over 20 years at an 8.5% interest rate. As requested, the Housing and Community Development Department has inspected the ~----~/-a~d~eveloped a bid for the ~vork that would ~need -to be~ene-i~-order -te meet rehabilitation housing standards (see attached rental inspection write up). The Housing and Community Development have developed cash flow analyses using various financial incentives (see attached Profit Loss Summaries Items #3-5). The Housing and Community Department indicated that they used two tax credit programs and stated that local banks contacted ;them about purchasing the credits. Not all financial incentives were applied which would increase the yearly return. Prepared by: Reviewed: Date: PROFIT AND LOSS STATEMENTS Profit and Lost Summaries 1112-1114 CENTRAL AVENUE PARKING LOT Colt's Dnma and Bugle Corp Cash flow per Year Item #J Financing 97,044 over 25 years at 6.75% ..................... ($1622.76) REHABILITATION Colt's Drum and Bugle Corp Cash flow per Year Item #2 Financing $266,486 over 20 years at 8.5% ..................... ($24,022) Housing and Community Development Department Item #3 Financing $291,140 over 30 years at 6.5% .............................. ($8,312) Housing Assistance - NONE /tern 84 Financing $191,144 over 30 years at 6.5% ............................... ($726) Housing Assistance - HOME RENTAL FUNDS /tern #5 Financing $139,813 over 30 years at 6.5% ................................ $3,162 Housing Assistance - HOME RENTAL FUNDS ENTERPRISE TAX CREDIT FEDERAL TAX CREDIT ITEM # I Pumhase 1112 - 1114 Central Avenue [24 S~all$ J Notes s3,ooo 21,3oo Bid from ,~d~y's, Durango, Iowa 18,077 MoMh/y cost 106 Momh/y gross income I,.,:,, $ 7o~ 5 POTENTIAL IMPACT ON BINGO GAME... ~.~,~3~~~ $ 1~ ~~1o~~~ S 3,~ ,,,,s $ ID.77~,21 Profit and Loss Estimate 1112and 114 Cem~ Avenue P~ and renovation as a 4-plex Pun:hace Price Remwation Costs To~al Cap~alb;~on Income Insurance Mo~age sur)p~s Taxes ufir~s $ 63,000 $ 203,486 2,~30 $ 27,96O 583 $ 2,214 $ 26,562 5 $ 6O 75 $ 9OO 50 $ 60O 1,400 $ 16,800 75 $ 9OO 20O $ 2,4O0 250 $ 3,000 1,025 $ 12,300 25 $ 3OO $ 3,~05 $ $ (892) $ $ (1,11o) $ 37,260 (13,324) Ne~ Profit fT(xn Ownership $ (2~02) $ (24,022) ITE M # 3 CASHFLOW ANALYSIS Colts Drum and Bugle Corps 1112 - 1114 Central Avenue Total Project Cost Purchase Pdce - Bank Loan Rehab - Bank Loan Total Amortizing. $291,140 ~ 6.5%. 30 yrs. Projected Cashflow - Year One INCOME 4 units Total Gross Income Less Vacancy Effective Gross Income Less Operating Expenses Net Operating Income Debt Retirement Bani( Pmjentad Csshflow Per year ANNUAL $ 23,712 23,712 1,423 22,289 8,519 13,770 $ (8,3t2) NOTES $436 x 2, $552 x2 6% of gross income $1,840, 6.5%, 30 yrs. ($291,140) Operating Expenses Utilities Insurance Taxes Management/Mainm Reserve for Replace Total 7OO 4,500 2,371 948 Based on $291,0OO Based on $150,000 Assessed Value 10% of gross income 4% of gross income $ 8A18 CASHFLOW ANALYSIS Colts Drum and Bugle Corps 1112 - 1114 Central Avanue Total Project Cost Proiect Financing Purchase Price - Bank Loan City - HOME Rental Funds Rehab - Bank Loan Total $291,140 $ 63,000 99,996 128,144 $ 291,t40 Amortizing $191,144 Q 6.5%, 30 yrs. $99,996 - Defewed Payment Projected Ceahflow - Year One INCOME 4 units Total Gross Income Less Vacancy Effective Gross Income Less Operating Expenses Net Operating Income Debt Retirement Bank Projected Ceshflow Per year ANNUAL $ 23~712 23,712 1,423 22,299. 8,519 13,770 14,496 $ (726) NOTES $436 x 2, ,~552 x 2 6% of gross income $1,208, 6.5, 30yr~ ($191,144) DPL, 20 yrs. ($99,996) Operating Expenses Utilities Taxes Management/Maintenance Reserve for Replace Total 700 4,500 2,371 948 $ 8,519 Based on $291,000 Based on $150,000 Asse~_ __,~sd Value 10% of gross income 4% of gross income CASHFLOW ANALYSIS Colts Drum and Bugle Corps 1112 - 1114 Central Avenue Total Project Cost $291,140 Proiect Financinrj Purchase Price - Bank Loan $ 63,000 City - HOME Rental Fur~.~. s 99,996 Rehab - Bank Loan 128.144 Total $ 291,140 Amortizing - $139,813 ~ 6.5%~ 30 yrs. $99,996 - Deferred Payment Pumhase Price - $63,000 Tax Credits -51~381 Total $11,669 $ $ t28,t44 11,ss9 139,813 Projected Ceshflow - Year One INCOME ~- unEs Total Gross Income Less Vacancy Effective Gross Income Less Operating Expenses Net Operating Income Debt Retirement Projected Ceshflow Per year ANNUAL 23,712 1,423 22,289 8,519 13,770 10,608 $ 3,162 NOTES $436 x 2, $552 x 2 6% of gross income $884, 6.5%, 30 yin. ($139,813) DPL, 20 yrs. ($99,996) Operating Expenses Ufiliti~ Insuranc~ Taxes P~e for R~olace Total $ 7OO 4,500 2,371 948 $ 8,519 Based o~ $291.000 value Based on $150,000 ~ Value 10% of gross income 4% of gross income Enterprise Credit- State Historic Credit- Federal $68,442 Credit x .75 = TAX CREDITS - 10% of $228,140 x 10% - 20% of $228,140 x 20% Credit $51,331 = $22,814 = 45,628 $68,442 PARKING ANALYSIS AND PARKING VARIANCE ZONING BOARD OF ADJUSTMENT PARKING VARIANCE Parkinq Variahce for Binqo Hall and Corporate Offices The Colts received a 12 space parking variance at the February 24, 2000 Zoning Board of Adjustment (ZBA) meeting. The ZBA granted the Colts this variance because there is adequate off-street parking in municipal lots within one block of the site and there is available on-street parking around the subject building (see attached ZBA notice of decision). In addition, the peak time of use for bingo is on Tuesday and Friday nights from 6:00-9:30 p.m. and Sunday afternoons from 1:00-4:30 p.m. During these times the demand for parking is at a lower level in this neighborhood because the bingo games are after regular business hours of 8:00 a.m.-5:00 p.m., when the employees of the surrounding businesses are at work. Attached are two letters from John Woodin, president of the Colts Board of Directors sent to Associate Planner Kyle Kritz in July, 1999 and September, 1999. The letters state that the Colts Bingo Hall will only be used for corporate offices and a bingo hall, and will operate during non-business hours. Attached is a copy of a September 17, 1999 letter addressed to John Woodin, President of the Board of Directors for the Colts Drum and Bugle Corps, from Associate Planner Kyle Kritz that addresses the parking requirements for the building. These letters supported the Colts' request for the parking variance that was approved by the ZBA. As noted in the attached ZBA meeting minutes of February 24, 2000, Mr. Woodin stated that there is sufficient parking in the area, which will take place primarily after business hours, and many of the people that attend bingo will be walking or car pooling. In addition, the meeting minutes indicate that the previous property owner of the apartment building proposed for demolition indicated that there are few cars in the neighborhood in the evenings and that parking in the area is unused. Availability of Parkinq In determining compliance with and variances from off-street parking requirements set out in the Zoning Ordinance, staff and the ZBA can consider parking stalls on-site as well as off-street and on-street parking spaces within 300 feet of the property. 300 feet is the standard used by many cities, and is the typical distance a person will park and walk. Obviously, the Colts made the case before the ZBA in February, 2000 that there was sufficient parking in the immediate area of the Bingo Hall to justify the parking variance. Inspections conducted after hours and on weekends by Planning Services staff indicate that conditions have not changed appreciably since then. There continue to be on-street and off-street parking spaces available within walking distance of the Colts Bingo Hall during bingo games. The following two char[s and attached map show the existing inventory of 109 on-street parking spaces and 192 off-street parking stalls within 300 feet of the Colt's Bingo Hall. They indicate adequate parking available in the area. On-Street Parking within 300 feet of Colts Bingo Hall On Street Parking Central Avenue 29 Iowa Street 33 White Street 3 12th Street 8 11th Street 36 Tota I 10 9 Off-Street Parking within 300 feet of Colts Bingo Hall Off Street Parking City Hall Lot 20 Kephart's Lot 9 (lease possibility) ~Pj;c~_c.,g~ .School_Lot ~¢ Interstate Power Company 10 Breezy's Parking Lot 18 Trannel Law Office Lot 13 Parking Lot at Iowa and 12th Street 9 Plastic Center Lots on 1000 Block of Central Avenue 45 Lot on SW corner of 11th 18 Total 192 Parking Within 300' of Colts Planning Services Department 50 West 13th Street Dubuque, Iowa 52001-4864 Phone/319~ 589~,210 Fax (319] 589-4149 ZONING BOARD OF ADJUSTMENT NOTICE OF DECISION DOCKET NO.: APPLICANT: LOCATION: 11-00 Colts Drum and Bugle Corps 110,1 Central Avenue DATE OF PUBLIC MEETING/DECISION: February 24, 2000 The Zoning Board of Adjustment of the City of Dubuque, Iowa hereby renders and gives notice of its decision on the above-captioned application ~n conformance with Section 5 of the Zoning Ordinance. APPLICATION: The applicant seeks a variance to allow a community center for the Colts ~,-~r, a,~-~u~ -Corps ~wi~'~a-~de~-~t~ 12 ~¢l~-~s~L~,t 7~ar~ing spaces in a'~C-Z~own~own Commercial zoning district. PUBLIC MEETING: After notice, as required by law, a Public Meeting was held on February 24, 2000. Minutes of the meeting and copies of materials submitted in evidence are on file in the Office of Planning Services, City Hall, Dubuque, Iowa. FINDINGS: Based on the specific information presented at the Public Meeting and contained in the application, and in accordance with the applicable standards in the Zoning Ordinance, the Board makes the following findings: 1. The request ~oes not adversely impact adjacent properties. CONCLUSION: The Board has determined that the application will meet the standards for granting a variance as required by Section 5-3.5(C) of the Zoning Ordinance. DECISION: By a vote of 4 to 0, as indicated in the minutes, the Board approves the variance request. Filed in the Office of the Zoning Board of Adjustment on the 15th day of March, 2000. Kyle' ~.. Kritz, ~s~te Planner Service People Integrity Responsibility Innovation Teamwork Minutes - Zoning Board of Adjustment February 24, 2000 Page 3 of Bethany Home is at 33.5 feet in height. The Board discussed the location of the structure on the lot and the height of the residential po~on. They also discussed the central tower portion of the proposed additioa and the 30 feet setback from the residence to the south of the proposed addition. The Board continued discussion 'regarding existing setbacks and heights of buildings in the neighborhood. The Board felt that because the proposed addition will be setback 30 feet from the south property line it should have limited impact on the adjacent residences. They also felt that the new addition is in character with the existing structure and the neighborhood. Motion by Gasper, seconded bY Bechen, to approve the request. Motion was approved by the following vote: Aye: ·Gasper, Bechen, Urell and Ruden; Nay: None. FDocket 1'1-00: Application of the Colts Drum and Bugle Corps, for a variance for the I property at 1101 Central Avenue, to allow a commune/center for the Colts Drum'and Bugle · ~ Corps with a deficit of 12 off-street parking spaces in a C-4 Downtown Commercial zoning district. I John Weedin, 799 Morel Court, representing the Colts Drum and BugJe Corps, stated that ~ '~-~;'sRt to create~a~con~rn~-center wrm omce space and a-bingo hall He said that they would have Tuesday, Friday and Sunday afternoon bingo, as regulated by state law. He said that there is sufficient surface parking in the area, which could serve the bingo activity which will take place primarily al[er business hours. He stated that many Of the people that attend bingo will be walking or car pooling. Staff Member Kritz reviewed the staff report explaining how parking credit was established for the former use and how parking demand was calculated for the bingo hall. He discussed the previous uses at this location and discussed intensification of uses. C.J. May, III, the building's owner, spoke in support of the request, outlining the building's history for the Board. He questioned how parking credits are calculated. Mr. May asked to table the request so he could confer with the applicant. Motion by Gasper, seconded by Bechen, to table the request to the end of the meeting. Motion was approved by the following vote: Aye: Bechen, Ruden, Gasper and Urell; Nay: None. -~DOCKET 12-00: Application of Randall and Jodi Butiett, 1240 Rosedale, for a special exception to construct and partiallyenclose a porch, 4 feet from the front property line, 20 foot minimum required, in an R-1 Single-Family Residential zoning district. Randall Butiett reviewed hfs request and provided a tetter containing signatures of adjacent property owners who had no objection to his request. Mr. Butlett reviewed the setbacks of other properties in the area. He also indicated the portion of the porch to be enclosed. The Board reviewed the photos of the property and the adjacent properties. Minutes -Zoning Board of Adjustment February 24, 2000 Page 4 Staff Member Hemenway reviewed the request, noting that vehicular visibility is adequate when viewed from the intersection of Glen Oak and Rosedale Street. He also noted that the addition does not adversely impact pedestrian access along the sidewalk. The Board reviewed the location of the steps, noting that the steps are allowed to encroach into the front yard setback, and do not constitute a safety hazard. Motion by Gasper, seconded by Bechen, to approve the request. Motion was approved by the following vote: Aye: Bechen, Ruden, Gasper and Urell; Nay: None. Motion by Bechen, seconded by Urell, to re-open the discussion on Docket 11-00, Colts Drum and Bugle Corps. Motion carried unanimous[y. C.J. May, III, continued to discuss parking credits for the property. Marcia Lawson stated that she owns apartments across Central Avenue from the proposed Colts Community Center. She spoke in favor of the request, stating that there are few cars in the neighborhood in the evenings and that parking in the area is unused. Staff Member Kritz further clarified parking credits and the potential future re-use of the building. Motion by Gasper, seconded by Urell, to approve the vadance request as submitted. Motion was approved by the following vote: Aye: Bechen, Ruden, Gasper and Urell; Nay: None. DOCKET '13, '14, '16, '16 and '17-00: Application of the Boys and Gids Club of Greater Dubuque, 1299 Locust, for a variance to provide 44 off-street parking spaces, when 272 off- street spaces are required, in a OR Office Residential zoning, and for a variance to expand the Boys and Gids Club facility and cover 58% of the lot, when 50% maximum is permittec, in a OR Office Residential zoning district and for a vadance to expand the Boys and Girls Club facility, 2 feet from the front property line (Bluff Street), 20 foot minimum required, ih a OR Office Resid~ntlal zoning district and for a conditional use permit to expand the Boys and Girls Club facility in a OR Office Residential zoning district and for a conditional use permit for the property at 1235/43 and 1265/67 Bluff Street, to allow an off-premise parking lot to be built in an R-3 Multi-Family Residential zoning district. The applicant submitted a letter requesting these applications be tabled to a future meeting. Motion by Gasper, seconded by Bechen, to table these items. Motion carried by the following vote: Aye: Urell, Bechen, Gasper, Ruden; Nay: None MINUTES & NOTICES OF DECISION: The minutes of December ;15, 1999, and notices of decision for Dockets 72, 73, 75, 76 and 77-99 were approved unanimously. ADJOURNMENT: The meeting adjourned at 6:00 p.m. July 19, 1999 C~TY 0.~ DUBUQUE 725 Laurel Street Dubuque, Iowa JUL 2 1 1999 Kyle Kn'tz Planning Services Dubuque, Iowa 59,001 Dear Mr. Kritz: I'm writing this letter as president of the Colt's Drum and Bugle Corps Corporate Board of Directors. 'CurrentIy, neg6ti~ffo-n~ are~ndeyway between the Colts andthe C,J. .... May family regarding the May property on Central Avenue, in Dubuque. The building housed the foxmer Carpetland store, and it has been vacant for some years. Our organization plans to rent and renovate'the facility to use as our corporate offices and our bingo hall. We plan to have a total of two filll- time employees in the two existing offices during regular business hours, Our organization holds bingo games after regular business hours on Tuesday and Friday evenings and Sunday afternoons. Kay, in your office, suggested that I wxite to you requesting an opinion regarding our plans to make constructive use of the now-empty building. I have consulted with Rich Russell, Building Services Manager regarding our proposed renovations to the property. Rich is confident that the planned rest room and kitchen renovations will meet all building codes. Thank you for your p.r.ompt co ,n,sideration in this matter, Sincerely, President, Colts Drum and Bugle Corps Corporate Board of Directors September 12, 1999 Kyle L. Kritz · Associate Planner Planning Services Department 50 West 13th Street Dubuque, Iowa 52001.4864 CITY OF DUBUQUE SEP 1~ 1995 This letter is in reply to your July letter regarding the remodeling of the former Carpetland store for use by the Colt's Drum and Bugle Corps. ~out!~ ~r.e~ that_.om-__p!ans h.a~ve ~e_!~ t~e_n._ta~ti_'vely__approv~ed by_ _R~,..h. , nssei, you nave requested estimates of square footage in the building. Currently, the building is just under 10,000 square feet in total area. We plan to use ex~.qting storage space, construct a kitchen/coneessi0n facility and remodel the restroom area. Following the proposed remodeling of the facility, the building should yield 5145 square feet of bingo player area for the organization's three bingo games per week. We antic/pate around 175 - 200 seats for bingo games. Please recall that we hold bingo games on Tuesday and Friday nights fronl 6:00 - 9:30 p.m. andSunday a~ernoons--ffom'~l-~00.4:30 p.m. Business parking will not be affected during our bingo hours, because we hold the games after regular business hours. The office space will house two full-time employees of our organization. The existing office space is 880 square feet. The remaining area will be used for storage, restrooms and kitchen/concession space. Sincerely, President, Colts Corporate Board of Directors Planning Services D~part~ent 50 West 13~ Street Dubuque, Iowa 52001-4864 (359) 589-4250 September 17, 1999 John Woodin, President Board of Directors Dubuque Drum and Bugle Corps 725 Laurel Dubuque IA 52003 Dear Mr. Woodin: Thank you for your letter of September 12, 1999, that provided information on how the f~_rm~r ._C. arpetJa...nd b,_,il, da~.-.g4~II~ utilized by t,he Co,"~ DrUm=and ~'--'~te Corps. ~3ased on the number of seats anticipated for the bingo games and the office space, an application to the Zoning Board of Adjustment for a parking variance will be necessary. The off-street parking requirements for the C-4 Downtown Commemial District are calculated in the following manner. The former use of the store, Carpetland, had a parking requirement for one space per 400 square feet accessible to the general public. I assumed that entire 10,000 square feet of the building was accessible to the general public and calculated that the requirement was25 parking spaces. Since these parking spaces were never provided, they are applied as a credit to this property. Thus, the re- use of the building by the Colts receives a credit of 25 off-street parking spaces. In addition, the C-4 Downtown Commercial District allows a 25% discount from required off-street parking spaces as a means to encourage re-use of existing buildings. The total required parking ;~3aces fore'he re-use of the former Carpetland Store by the Colts is 52 spaces. This is based on one space for each four seats devoted to bingo and one space for each 400 square feet of office space. I then applied the 25% discount to the total requirementof 52 spaces and came up with a 13 space discount, which when subtracted from the required parking spaces of 52, leaves a total requirement of 39 spaces. I then applied the 25 space credit that was available from the former use.of the building by Carpetland and subtracted that from the 39 spaces resulting in al 14 off-street parking space requirement. 1 am aware that the subject property does not have any space on it to provide off-street parking; however, our Zoning Ordinance does allow required off-street parking to be provided within 300 feet of a business. One option would be to obtain a long-term lease from an adjacent property owner within 300 feet for the 14 spaces. The other option is to apply to the Zoning Board of Adjustment for a parking variance. Letter to John Woodin Dubuque Drum and Bugle Corps September 17, 1999 Page 2 I understand that there is parking available both on the streets and in other parking lots surrounding this site; however, City staff is not allowed to take that into account. Only the Zoning Board of Adjustment has the authority to take that into account when they are looking at a variance request. I have attached a copy of the packet of information for requesting a variance from the Zoning Board of Adjustment. If you haVe any questions about either the contents of this letter or the process for applying for a variance, please contact me at 589-4210. Associate Planner Attachment