Sale of City-Owned Property_2315 Jackson Street_PfiefferMasterpiece 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 2315 Jackson Street
DATE: October 10, 2011
Dubuque
litd
All-America City
2007
Housing and Community Development Department Director David Harris recommends
the City Council set a public hearing for November 7, 2011, on the sale of City -owned
real property located at 2315 Jackson Street to Raymond Pfeiffer for the purchase price
of $74,500.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Mi ael C. Van Milligen
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Harris, Housing and Community Development Department Director
Masterpiece on the Mississippi
Dubuque
AN- America City
I®'
2007
TO: Michael Van Milligen, City Manager
FROM: David Harris, Housing and Community Development Department
SUBJECT: Sale of City -owned property at 2315 Jackson Street
DATE: October 5, 2011
Introduction
The purpose of this memorandum is to request the City Council's approval of the
attached resolution, setting a Public Hearing for the purpose of disposing of City -owned
real property located at 2315 Jackson Street.
Background
The previous owner of 2315 Jackson Street had received a rehab loan from the
Housing Department in 2005. This owner subsequently defaulted on the first mortgage
and the City's rehabilitation loan. The City then purchased the home at Sheriff Sale
using Neighborhood Stabilization Program (NSP) funds in 2010, in the amount of
$30,500. NSP, CDBG, and Lead Paint Program funds in the total amount of $75,886
were utilized to renovate the property and prepare it for re -sale.
Discussion
Raymond Pfeiffer, a new homebuyer, has agreed to purchase the property at 2315
Jackson Street for $74,500. As a requirement of the NSP Program, he has attended
HUD certified financial counseling classes.
Financing to Mr. Pfeiffer will be provided through a first mortgage from DB &T, owner
downpayment of $2,235 and a forgivable loan from the NSP Program.
Action Step
The action requested of the City Council is to 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.
KLN
RESOLUTION
NO. 352-11
A RESOLUTION OF
INTENTION TO
DISPOSE OF CITY-
OWNED • PROPERTY,
SPECIFICALLY, EAST
/ OF LOT 24A IN LH.
LANGWORTHY'S ADDI-
TION IN THE CITY OF
DUBUQUE, COUNTY OF
DUBUQUE, IOWA,
ACCORDING TO THE
RECORDED PLAT
THEREOF, 2315 JACK-
SON STREET
WHEREAS, the City of
Dubuque has
purchased certain real
property for purpose of
its rehabilitation and re-
sale for owner -
occupied housing; and
WHEREAS, the City
received an offer to
purchase this property
from a qualifying
family;
WHEREAS, such pur-
pose supports the
Neighborhood Stabili-
zation Program and
Washington Neighbor-
hood Revitalization
strategy as approved
by the City Council;
and
WHEREAS, by accept-
ing the selected offer
the City's objectives of
providing first -time
homeownership to a
lower- income buyer
and rehabilitation of a
foreclosed home can
be realized;
NOW, THEREFORE,
BE IT RESOLVED BY
THE CITY COUNCIL
OF THE CITY OF
DUBUQUE, IOWA:
Jection -1. That the
City of Dubuque, Iowa,
intends to dispose of
its interest in the
following legally-
described property:
"East of Lot 24A in
L.H. Langworthy's
Addition to the City of
Dubuque, County of
Dubuque, Iowa,
according to the
recorded Plat thereof"
Section 2. That the
City' of Dubuque, Iowa,
proposes to dispose of
its interest in the
above described real
estate to Raymond A.
Pfeiffer for the sum of
$74:500.
Section 3. That the
City Clerk is hereby
authorized and
directed to cause this
Resolution and a notice
to be published as
prescribed by Iowa
Code Section 364.7 of a
public hearing on the
City's intent to dispose
of the foregoing -
described Property, to
be held on,the 7th day
of November, 2011, at.
6:30 o'clock p.m. at the
Historic Federal
Building, 350 West 6th
Street, Dubuque,Jowa.
PASSED, APPROVED
AND ADOPTED this
17th day of October,
2011.
Roy D Buol, Mayor
Attest
Kevin S. Firnstahl,
City Clerk
It 10/21
STATE OF IOWA {SS:
DUBUQUE COUNTY
CERTIFICATION OF PUBLICATION
I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa
corporation, publisher of the Telegraph Herald,a newspaper of general circulation
published in the City of Dubuque, County of Dubuque and State of Iowa; hereby
certify that the attached notice was published in said newspaper on the following
dates: October 21, 2011, and for which the charge is $27.32.
Subscribed to before me, a Notary Public in and for Dubuque County, Iowa,
this ,d day of
, 20// .
-7/7.274e.,Z
Notary Public in and for Dubuque County, Iowa.
• nc 14 4,1 ,,
RESOLUTION NO. 352 -11
A RESOLUTION OF INTENTION TO DISPOSE OF CITY-OWNED PROPERTY,
SPECIFICALLY, EAST 1/2 OF LOT 24A IN L.H. LANGWORTHY'S ADDITION IN THE
CITY OF DUBUQUE, COUNTY OF DUBUQUE, IOWA, ACCORDING TO THE
RECORDED PLAT THEREOF, 2315 JACKSON STREET
WHEREAS, the City of Dubuque has purchased certain real property for purpose of its
rehabilitation and re -sale for owner - occupied housing; and
WHEREAS, the City received an offer to purchase this property from a qualifying family;
WHEREAS, such purpose supports the Neighborhood Stabilization Program and
Washington Neighborhood Revitalization strategy as approved by the City Council; and
WHEREAS, by accepting the selected offer the City's objectives of providing first -time
homeownership to a lower- income buyer and rehabilitation of a foreclosed home can be
realized;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City of Dubuque, Iowa, intends to dispose of its interest in the
following legally- described property:
"East % of Lot 24A in L.H. Langworthy's Addition to the City of Dubuque, County of
Dubuque, Iowa, according to the recorded Plat thereof"
Section 2. That the City of Dubuque, Iowa, proposes to dispose of its interest in the
above described real estate to Raymond A. Pfeiffer for the sum of $74,500.
Section 3. That the City Clerk is hereby authorized and directed to cause this
Resolution and a notice to be published as prescribed by Iowa Code Section 364.7 of a
public hearing on the City's intent to dispose of the foregoing- described Property, to be
held on the 7th day of November , 2011, at 6:30 o'clock p.m. at the Historic Federal
Building, 350 West Locust, Dubuque, Iowa.
PASSED, APPROVED AND ADOPTED this 17th d -,, of October, 2011.
Attest:
Kevin Firnstahl, Lity Clerk
9
Roy D ' ol, Mayor