Letter from HUD on Disposition Prices for Properties_09.11.19756'\
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
�9���IjI c' OMAHA AREA OFFICE f UNIVAC BUILDING, 7100 WEST CENTER ROAD
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07'n so x+° OMAHA, NEBRASKA 68106
REGION VII
Room 300 Federal Office Building
911 Walnut Street
Kansas City, Missouri 64106 September 11, 1975 IN REPLY REFER TO,
7.2CSL (Iowa R-15)
Mr. Gent M. Wittenberg
Director, Department of Housing
and Redevelopment
Suite IOB - Fischer Building
Dubuque, Iowa 52001
Dear Mr. Wittenberg:
Subject: Project Iowa R-15, Disposition Parcels 11-1, 11-2, 11-3, 11-4,
11-8, 11-5, 11-6, 11-7, Redeveloper: Dubuque Five Flags Center
Fund
This office has reviewed subject documentation and finds it acceptable
provided that the disposition contract is fully executed within two months
and all land conveyed within three months from the date of this letter.
The Redeveloper's Statement for Public Disclosure was reviewed and we
have no objection to your selected developer.
We concur in your Authority's determination that the proposed disposition
pricesfor the subject properties, as shown below, are not less than fair
value for use in accordance with applicable controls.
Proclaimed/Concurred
Price
Parcel
Sq. Ft. Area
Total
Per Sq. Ft.
11-1
9997.5
$ 32,391.90
$3.24
11-2
6643.5
19,531.90
2.94
11-3(inc. 4)
16632.45
50,230.01
3.02
Improvement
4,379.24
11.-8
9997.5
29,192.70
2.92
11-5
6643.5
17,605.28
2.65
11-7(inc. 6)
16649.87
45,287.64
2.72
$198,618.67
Sinc rely,
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Wi liam A.
Chief, Prog
and Support Branch
h cc:
Mayor C. Robert Justmann
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