Bee Branch Creek Restoration_Acquisition of Junnie and Rich's CoinMasterpiece on the Mississippi
Dubuque
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all-A micaCim
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2007
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Commercial Property Purchase for the Bee Branch Restoration Project
(CIP #7201654)
DATE: August 10, 2011
Assistant City Engineer Bob Schiesl is recommending acquisition of a property at the
northwest corner of the intersection of Cedar Street and 15th Street for $68,950, this is
$2,000 over the appraised value, as part of the Bee Brach Creek Restoration Project.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Van n Milligen
ael C.
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Gus Psihoyos, City Engineer
Robert Schiesl, Assistant City Engineer
Masterpiece on the Mississippi
Dubuque
All-America City
2007
TO: Michael Van Milligen, City Manager
Gus Psihoyos, City Engineer
FROM: Robert Schiesl, Assistant City Engineer g rj j
SUBJECT: Commercial Property Purchase for the Bee Branch Restoration Project
(CIP #7201654)
DATE: August 9, 2011
INTRODUCTION
The purpose of this memorandum is to request City Council approval to purchase a
property for the Lower Bee Branch Project. The property, legally described as the W 1/2
and E 1/2 of Lot 351 East Dubuque Addition, is currently owned by Junnie & Rich's Coin.
BACKGROUND
On December 20, 2010 the City Council authorized the City Manager to begin the
process of acquiring the property legally described as the W 1/2 and E '/2 of Lot 351 East
Dubuque Addition for the Lower Bee Branch Creek Restoration Project. This property is
at the northwest corner of East 15th Street and Cedar Street. See attached Exhibit A.
On May 2, 2011 the City Council passed Resolution 148 -11 establishing the fair market
value of the property legally described as the W 1/2 of Lot 351 and the E 1/2 of Lot 351 in
East Dubuque Addition, all in the City of Dubuque, Dubuque County, Iowa to be
$66,950.00 based on its appraised value.
DISCUSSION
The owners of the property have agreed to sell the property for $68,950.00 which is
$2,000 more than the appraised value of $66,950.00.
RECOMMENDATION
I recommend that the City purchase the property legally described as the W 1/2 and E 1/2
Lot 351 East Dubuque Addition for the asking price of $68,950.00.
BUDGET IMPACT
The purchase will be funded from the FY2009 appropriation of $3,902,395 for property
acquisitions for the Bee Branch Creek Restoration Project (CIP 7201654).
ACTION TO BE TAKEN
I respectfully request adoption of the attached resolution authorizing the purchase of the
property legally described as the W 1/2 and E' /2 Lot 351 East Dubuque Addition, in the
City of Dubuque, owned by Junnie & Rich's Coin for the Lower Bee Branch Creek
Restoration Project.
Prepared by Deron Muehring, Civil Engineer II
cc: Jenny Larson, Budget Director
Attach.
2
RESOLUTION NO. 286 -11
A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE OWNED
BY JUNNIE & RICH'S COIN IN THE CITY OF DUBUQUE
Whereas, the City of Dubuque intends to acquire certain properties
located in the area of the Bee Branch Creek Restoration Project for stormwater
mitigation activities as recommended in the 2001 "Drainage Basin Master Plan;"
and
Whereas, a purchase agreement has been finalized with the owner of the
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:
W 1/2 and E 1 /2 Lot 351 East Dubuque Addition in the City of Dubuque,
Dubuque County, Iowa
At the cost of Sixty -Eight Thousand Nine Hundred Fifty and 00/100 Dollars
($68, 950.00).
Section 2. That the City of Dubuque be and is hereby authorized to
accept a Warranty 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 is hereby authorized and directed
to cause said Warranty 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 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 15thday of
Attes
/4/ fliN4Ye
Kevin S. Firns ahl, Acting City Jerk
Augus
, 2011.
Roy D. Buol, Mayor
Exhibit A
Bee Branch Creek Restoration Project Property Acquisition
Legal Description: W' /2 of Lot 351 and E 1/2 Lot 351 East Dubuque Addition