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Gillespie St. 775_Purchase of Property D~ ~ck~ MEMORANDUM July 27,2004 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Purchase of Property at 775 Gillespie Street Housing and Community Development Department Director David Harris is recommending City Council approval to purchase a residential dwelling owned by Tim and Victoria Widmeier at 775 Gillespie Street for the established fair market value of $136,500. This property is being acquired for the planned expansion of the West 32nd Street detention basin. I concur with the recommendation and respectfully request Mayor and City Council approval. (\1 /\{~ ((~ /ìl1~ Michael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, Corporation Counsel Cindy Steinhauser, Assistant City Manager David Harris, Housing and Community Development Department Director Cc' cf H&CD Housing and Community Development Department 1805 Central Avenue Dubuque, Iowa 52001-3656 (563) 589-4212 office (563) 589-4203 fax akramer@cityofdubuque.org D~ ~ck~ 27 July 2004 To: Mike Va~~{lIigen, City Manager From: David Ha~, Housing and Community Development Department Purchase of Property at 775 Gillespie Street Introduction The purpose of this memorandum is to request the City Council's approval to purchase a residential dwelling located at 775 Gillespie Street, as part of the acquisition program associated with expansion of the West 3200 Street detention basin. Re: Background The 2001 HDR "Drainage Basin Master Plan" identified 16 homes to be purchased as part of the expansion of the West 3200 Street detention basin. A combination of excavation and installation of an earthen bern will double the storage capacity of this basin, from 46 to 94 acre-feet. This is projected to have the effect of substantially reducing peak flows and flooding depths in the upper portion of the Washington Street Subarea, north of 24th Street. The Fiscal Year 2004 CIP budget allocated $200 000 for design and engineering and $563 000 for acquisitions. Fiscal Year 2005 CIP budget allocated $437,000 for additional purchases. Discussion The third home scheduled for purchase is owned by Tim and Victoria Widmeier. An independent appraisal has established market value at $136,500. The Widmeiers have accepted an offer for purchase in this amount by signing the acquisition contract offered by the Housing Department. Negotiations for payment of relocation assistance benefits are continuing. However, these have no bearing on the action to acquire the property. We expect to have those concluded as soon as a comparable home becomes available. Smice People Integ"ty RÅ’pnnsibi¡;ty Innnvation Teamwu,k Action Step The action requested of the City Council is to approve the attached resolution, authorizing purchase of property located at 775 Gillespie Street in the City of Dubuque, Iowa. RESOLUTION NO. 306-04 A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE LOCATED AT 775 GILLESPIE STREET, IN THE CITY OF DUBUQUE WHEREAS, the City of Dubuque intends to acquire certain properties located in the area adjacent to the West 3200 Street detention basin for purposes of stormwater mitigation activities as recommended in the 2001 HDR "Drainage Basin Master Plan;" and WHEREAS, a purchase agreement has been finalized with the owners of the third property scheduled for acquisition. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City of Dubuque hereby approves the acquisition of the following legally described property: North Balance of Lot 1 of Lot 2 of Lot 7, and Lot 1 of Widmeier Place and Balance of the North 50 feet of Lot 2 of Lot 8, except the east 158.5 feet of the North 15 feet thereof: and the east 158.5 feet of the North 15 feet of the North 50 feet of Lot 2 of Lot 8, all in Gillespie's Subdivision of Mineral Lot 361 in the City of Dubuque, Iowa, according to the recorded plat thereof At the cost of one hundred thirty-six thousand five hundred dollars ($136,500). Section 2. That the City of Dubuque be and is hereby authorized to accept a Quit Claim deed from the owner, conveying the owner's interest to the City of Dubuque, Iowa for the herein described real estate. Section 3. That the City Clerk be and she is hereby authorized and directed to cause said Quit Claim Deed to be recorded in the office of the Dubuque County Recorder, together with certified copy of the Resolution. Section 4. That the City Clerk be and she is hereby directed to forward a copy of this Resolution to the Dubuque County Assessor and the Dubuque County Auditor. PASSED, APPROVED AND ADOPTED this 2nd day of August, 2004. Terrance M. Duggan, Mayor Attest: Jeanne F. Schneider, CIty Clerk ~~ OJ Jeanne Schneidér, CMC, City Clerk