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Intent to Dispose of Property at 2320 Mineral Street_InitiateCopyrighted March 16, 2020 City of Dubuque Items to be set for Public Hearing # 1. ITEM TITLE: Intent to Dispose of Property at 2320 Mineral Street SUMMARY: City Manager recommending that the City Council set a public hearing for April 6, 2020, for the purpose of disposing of City -owned real property located at 2320 Mineral Street to Danielle K. Atchison. SUGGESTED DISPOSITION: RESOLUTION Intent to dispose of an interest in City of Dubuque real estate, setting a time and place of hearing and providing for the publication of notice thereof Suggested Disposition: Receive and File; Adopt Resolution(s), Set Public Hearing for April 6, 2020 ATTACHMENTS: Description Type Sale of 2320 Mineral Street-MVM Memo City Manager Memo Staff Memo Staff Memo Resolution Resolutions Notice of Hearing Supporting Documentation Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Sale of City -Owned Property at 2330 Mineral Street DATE: March 9, 2020 Dubuque bitil All-A.aia City 111111 2007.2012.2013 2017*2019 Housing and Community Development Director Alexis Steger recommends the City Council set a public hearing for April 6, 2020, for the purpose of disposing of City -owned real property located at 2320 Mineral Street to Danielle K. Atchison for a purchase price of $150,000. A $25,000, 0% interest 35-year term loan will be made available to the buyer to assist with downpayment, closing costs, other related costs, or simply by reducing the 1st mortgage. Revenue from the sale of this property will go back to the original funding source which is Community Development Block Grant. Financing to Danielle K. Atchison will be provided through a first mortgage from an area lender. I concur with the recommendation and respectfully request Mayor and City Council approval. 7'- Mic ael C. Van Milligen MCVM:jh Attachment cc: Crenna Brumwell, City Attorney Teri Goodmann, Assistant City Manager Cori Burbach, Assistant City Manager Alexis M. Steger, Housing and Community Development Director Masterpiece on the Mississippi TO: FROM: SUBJECT: DATE: Dubuque AIIā€¢America City 1 1 1 1 1' 2007.2012.2013 2017*2019 Michael C. Van Milligen, City Manager Alexis M. Steger, Housing and Community Development Director Sale of City -owned property at 2320 Mineral Street March 10, 2020 Introduction The purpose of this memorandum is to request the City Council to set a Public Hearing for the purpose of disposing of City -owned real property located at 2320 Mineral Street. Background The property at 2320 Mineral Street has been a problem property for a number of years. The City took legal action by petitioning for title to the property as abandoned. The City was awarded title to the property in June 2018. The Rehabilitation staff stripped the property to the studs and rehabbed it to the City's adopted Rehabilitation Standards. As rehabilitation is complete, the property is ready to be sold. Discussion This property was identified to have great potential to rehabilitate and sell it to an income -qualifying household under 80% median income. The City strives to provide affordable homeownership opportunities throughout the City of Dubuque. This property is located outside of areas of racial and poverty concentration, as identified in the Analysis of Impediments to Fair Housing. It offers increased housing choice for an income qualified buyer using CDBG funds, as cited in the Voluntary Compliance Agreement (VCA) findings. An offer has been made by Danielle K. Atchison to purchase the property at 2320 Mineral Street for $150,000. A $25,000, 0% interest 35-year term loan will be made available to the buyer to assist with down payment, closing costs, other related costs, or simply by reducing the 1st mortgage. Revenue from the sale of this property will go back to the original funding source which is Community Development Block Grant (CDBG) 26061300-54104. Financing to Danielle K. Atchison will be provided through a first mortgage from an area lender. This sale/rehabilitation will maintain owner occupied housing in the neighborhood and increase the tax base. Additionally, it meets the Voluntary Compliance Agreement (VCA) objectives of increasing homeownership opportunities for low -moderate income households throughout the City of Dubuque. Recommendation I respectfully request the City Council approve the attached resolution, declaring the City's intent to dispose of the property and set the date for the public hearing to receive comments on the proposed sale. Prepared by: Kris Neyen, Rehabilitation Programs Supervisor RESOLUTION NO. 89-20 INTENT TO DISPOSE OF AN INTEREST IN CITY OF DUBUQUE REAL ESTATE TO DANIELLE K. ATCHISON, SETTING A TIME AND PLACE FOR HEARING, AND PROVIDING FOR THE PUBLICATION OF NOTICE THEREOF WHEREAS, the City of Dubuque, Iowa (City) owns 2320 Mineral Street (the Property) legally described as: Lot 7 in East Street Subdivision, in the City of Dubuque, Iowa, according to the recorded plat thereof (the Property);and WHEREAS, City acquired the Property by petition as an abandoned property for the purpose of its restoration and re -sale for owner -occupied housing; and WHEREAS, City received an offer to purchase the property from Danielle K. Atchison; and WHEREAS, by accepting the selected offer the City's objectives of providing homeownership to an income qualified buyer and rehabilitation of a vacated home can be realized and is consistent with the City goal of creating opportunities for affordable home ownership. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA THAT: Section 1. The City of Dubuque, Iowa, proposes to dispose of its interest in the above described real estate to Danielle K. Atchison for the sum of $150,000. Section 2. The City Council shall conduct a public hearing on the proposed disposition of real estate in the City Council Chambers at the Historic Federal Building, 350 W. 6th Street, Dubuque, Iowa on the 6th day of April 2020 beginning at 6:30 p.m. Section 3. The City Clerk be and is hereby authorized and directed to publish notice of the public hearing in the form attached hereto, according to law. Passed, approved and adopted this 16th day of March 2020. ATTEST: K'vin S. Firnstahl, City Clerk a Roy D. Buol, Mayor CITY OF DUBUQUE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on the 6th day of April 2020, at 6:30 p.m. in the Historic Federal Building, 350 West Sixth Street, 2nd floor, Dubuque, Iowa, at which meeting the City Council proposes to dispose of an interest in the following described real property by sale to Habitat for Humanity, an Iowa non-profit corporation: Lot 7 in East Street Subdivision, in the City of Dubuque, Iowa, according to the recorded plat thereof Locally known as 2320 Mineral Street. At the meeting, the City Council will receive oral and written comments from any resident or property owner of said City to the above action. Written comments regarding the above public hearing may be submitted to the City Clerk's Office, City Hall, 50 W. 13th Street, on or before said time of public hearing. Copies of supporting documents for the public hearings are on file in the City Clerk's Office, and may be viewed during normal working hours. Any visual or hearing impaired persons needing special assistance or persons with special accessibility needs should contact the City Clerk's Office at (563) 589-4100 or TTY (563) 556-9948 at least 48 hours prior to the meeting. Dated this day of , 2020 Kevin S. Firnstahl, CMC City Clerk