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Stealth Racing Prop Purchase, Weidemann BAR R Y A. L I N D A H L , ESQ. CORPORATION COUNSEL, CITY OF DUBUQUE MEMO To: Mayor and City Council Members DATE: April 1 , 2005 RE: Purchase of Weidemann Property (Stealth Racing) At the March 21, 2005 City Council meeting the City Council approved a purchase agreement with Terrence and Linda Weidemann for the purchase of the Stealth Racing property in the Ice Harbor. The conditions of the purchase have all been met and the parties closed the transaction April 1, 2005. Attached is a resolution accepting the deed to the property. I recommend that the resolution be adopted. Attachment cc: Michael C. Van Milligen, City Manager Cindy Steinhauser, Assistant City Manager SUITE 330. HARBOR VIEW PLACE. 300 MAIN STREET DUBUQUE, IA 52001-6944 TELEPHONE (563) 583-4113 I FAX (563) 583-1040 I EMAIL balesq@cityofdubuque.org Prepared by Barry A. Lindahl 300 Main Street Suite 330 Dubuque IA 52001 563 583-4113 RESOLUTION NO. 135-05 ACCEPTING THE DEED TO CERTAIN REAL ESTATE IN DUBUQUE COUNTY, IOWA FROM TERRENCE J. AND LINDA M. WEIDEMANN WHEREAS, the City of Dubuque entered into an Agreement with Terrence J. Weidemann and Linda M. Weidemann for the purchase of the real property in Dubuque County, Iowa, described as follows: The Southeasterly 6 feet of Lot 6, Lot 7, Lot 8, Lot 9, Lot 10, Lot 11, Lot 2 of Lot 12, Lot 2 of Lot 13, Lot 2 of Lot 14, and Lot 2 of Lot 15, all in Block 29 of "Dubuque Harbor Improvement Co.'s Addition" to the City of Dubuque, Iowa, according to the recorded plat thereof, AND Lot A of Lot 11, and Lot 2 of Lot 11, both in Industrial Subdivision No. 2 in the City of Dubuque, Iowa, according to the recorded plats thereof, from and including the platting of said Industrial Subdivision No.2, subject to easements of record. AND WHEREAS, the tenns of the Agreement have now been met. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA, AS FOLLOWS: 1. The City of Dubuque hereby accepts the Warranty Deed from Terrence J. and Linda M. Weidemann attached hereto. 2. The City Clerk is hereby authorized and directed to record this Resolution and the Warranty Deed with the Dubuque County Recorder. Passed, approved and adopted this 4th day of April, 2005. Terrance M. Duggan, Mayor Attest: Jeanne F. Schneider, City Clerk