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IDOT ROW Dbq Technology Park Dî;~~E ~~~ MEMORANDUM ~ :¡:::: April 26, 2004 > " "" N --J ?: TO: The Honorable Mayor and City Council Members _0 » ~c c6 v:> en FROM: Michael C. Van Milligen, City Manager SUBJECT: Purchase of IDOT Right of Way Adjacent to Dubuque Technology Park For the past six months City staff has been working with the Iowa Department of Transportation and Rick Dickinson of the Greater Dubuque Development Corporation to acquire right-of-way adjacent to the Dubuque Technology Park. The purpose of acquiring the right-of-way is to provide room for a sign for the industrial park. A proposed sign has been designed by Gary Olsen and donated by the Dubuque Rotary Club. Economic Development Director Bill Baum recommends City Council approval to purchase 58,588 square feet of property from the Iowa Department of Transportation to place a sign for the Dubuque Technology Park. The purchase price has been established at $14,647. I concur with the recommendation and respectfully request Mayor and City Council approval. (lwJ ~ (J!1fÆ Michael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, Corporation Counsel Cindy Steinhauser, Assistant City Manager William Baum, Economic Development Director D~~~E ~~~ MEMORANDUM April 26, 2004 TO: FROM: Michael Van Milligen, City Manager ~~ William Baum, Economic Development Director ~ cr~- SUBJECT: Purchase of IDOT Right of Way adjacent to Dubuque Technology Park INTRODUCTION For the past six months I have been working with the engineering department, the Iowa Department of Transportation, and Rick Dickinson of the Greater Dubuque Development Corporation to acquire Right of Way adjacent to the Dubuque Technology Park. The purpose of acquiring the ROW is to provide room for a sign for the industrial park. A proposed sign has been designed by Gary Olsen, and donated by the Dubuque Rotary Club. DISCUSSION The process of acquiring property from Iowa DOT is not easy. First, we had to determine previous ownership, since IDOT regulations provide that the previous owner be offered the property prior to disposal to other parties. We determined and documented that the previous property owner is deceased. The next step involved the preparing of plat of the property to legally describe the property proposed to be purchased. Our engineering staff completed the plat of survey of Lot F of the Dubuque Technology Park, and forwarded the plat of survey to IDOT for approval, which is in process. Finally, the price for the property must be established and agreed upon. IDOT typically is required to have an appraisal of the property completed, and fair market value of the land established. This becomes the purchase price. However, in this case IDOT is waiving the appraisal process, and making an internal decision to provide the property to the City of 25 cents a square foot. The lot is 58,588 square feet, so the proposed purchase price is $14,647. RECOMMENDATION We have researched the price the City typically pays for trail ROW. The 25 cents per square foot is less per square foot than we have paid for similar parcels. Therefore, I recommend the City agree to purchase the property for $14,647. Although we had a Capital Improvement Program budget for signage at this industrial park, the CIP was cancelled a few years ago because of the Sproule litigation. The Economic Development Department does have one CIP project that has been unspent the past two fiscal years. We have budgeted $50,000 per year from the general fund to write down the interest expenses for property owners to meet the development standards in the Port of Dubuque. The fiscal year 2005 budget again provides $50,000 for the same purpose. Because we have had little interest in this write down program, I recommend the use of $14,647 from this CIP item. ACTION REQUESTED I request City council approval of the attached resolution approving the purchase of Lot F of Dubuque Technology Park. F:luserslwbaum\memo on excess ROW DTP.doc RESOLUTION NO. 181-04 RESOLUTION APPROVED THE PURCHASE OF LOT.F OF DUBUQUE TECHNOLOGY.PARK Whereas, the City of Dubuque owns and manages Dubuque Technology Park in the City of Dubuque, Iowa; and Whereas, the Iowa Department of Transportation has excess Highway 61 Right of Way west of said Dubuque Technology Park; and Whereas, the attached plat ofthe excess Highway 61 Right of Way, Lot F of Dubuque Technology Park in the SW % of Section 12, Township 88 North, Range 2 East of the 5th P.M. has been prepared for Iowa Department of Transportation .!Wproval; and Whereas, the Iowa Department of Transportation is requesting twenty five cents per square foot (. 25<ã>.sa.ft.) for Lot F; NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF DUBUQUE, IOWA: 1. The acquisition of Lot F of Dubuque Technology Center, for $14,647 containing 1.345 acres is hereby approved. 2. The City Manager and City Clerk are hereby authorized and directed to execute appropriate legal documents to complete the purchase of Lot F of Dubuque Technology Center. Passed and approved this 3rd day of May 2004. Terrance M. Duggan, Mayor Attest: Jeanne F. Schneider, City Clerk F:\USERS\WBaumIRESOLUTION approving purchase of IDOT property.doc R4. úO PLAT OF SURVEY LOT F DUBUQUE TECHNOLOGY PARK IOWA DEPARTMENT OF TRANSPORTATION EXCESS RIGHT OF WAY IN THE SW114 SECTION 12, T88N, R2E, 5TH P.M. DUBUQUE CO. IA. STA, 566 +00 It 130' ~ NORTH GRAPHIC SCALE STA. 564 + 00 ~ (go, t \ I \ t \ 1\1 Z m I~ '00 . 50 '00 200 ~ I IN FEET) liNCH-"" LEGEND PROP. U.. 1HIS""",,! fOIl.. .... ROO WI!> 1EWIW PusnC CAP .." "'... U1IWS O1HEIIWIS' IIO1ED {I""') """"'IIIME1ISIOII""" A SB:1IOR co.... ---- SfCTtIIOUIE PlATTED PROPfIt1'1 . NOTES -""""""".12,- """""""""""'K- '..............",- ......-.-...... -_""1,'064 ..-................. 11I81Pnj.""""" """""""""55 \~ I \ I \ STA. 555+ 00 ~ 190' STA. 553 + 65 It 140' SW CORNER SECTION '2 TSSN R2E 5TH P.M. Page 1 014 h ~~ ~ . 5~~ :;: ~~ 0;1 . C '" C D C ~m ~irl (') :x: z 0 r 0 ~ -U :P :;¡:¡ ^ ~ ~~ ¡., ~. "" en f; ~ .:..- ~ (~7~ LOT 2 BLOCK' IN"""""'" '27.'" .,Q,vØ' ~ LOT 3 BLOCK' ß-{ ,.,,--0 V~~ ~<Ç INar,,","" '09.69') LOT 4 BLOCK 1 <:J#' ~~1P ..,°, ~". #~ ~=-:: ,.,. DIGITAL DRIVE IN83""""'" ~...m LOT 12 BLOCK 2 - .§OUTH LINE <m"Ii,SECT{ON '2 - - PAT", ',IMAPSIPlAT OF SURVEY. TECH PARKDWG