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775 W. 32nd St. Purchase for Detention Basin Expansion D~~~E ~Y4-~ MEMORANDUM July 25, 2005 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Purchase of 775 West 32nd Street Housing and Community Development Department Director David Harris recommends City Council approval to purchase a residential dwelling for $148,000 located at 775 West 32nd Street owned by Cory Hess. This purchase is part of the acquisition program associated with expansion of the West 32nd Street detention basin. I concur with the recommendation and respectfully request Mayor and City Council approval. i11ACuJL 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 DU~@;E ~Y4-~ MEMORANDUM 20 July 2005 To: Mike~~n Milligen, City Manager From: David lThrris, Housing and Community Development Department Re: Purchase of Property at 775 West 32nd Street Introduction The purpose of this memorandum is to request the City Council's approval to purchase a residential dwelling located at 775 West 32nd Street, as part of the acquisition program associated with expansion of the West 32nd Street detention basin. Background The 2001 HDR "Drainage Basin Master Plan" identified 16 homes to be purchased as part of the expansion of the West 32nd Street detention basin. A combination of excavation and installation of an earthen berm 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 & 2005 CIP budgets allocated $400 000 for design and engineering and $2 000 000 for acquisitions. Fiscal Year 2006 CIP budget allocated $1 523000 for construction and $50000 for design. Discussion The twelfth home scheduled for purchase is owned by Cory Hess. An independent appraisal has established market value at $148000. Mr. Hess has accepted an offer for purchase in this amount by signing the acquisition contract offered by the Housing Department. Action Step The action requested of the City Council is to approve the attached resolution, authorizing purchase of property located at 775 West 32nd Street in the City of Dubuque, Iowa. RESOLUTION NO. 342 -05 A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE LOCATED AT 775 WEST 32ND STREET, IN THE CITY OF DUBUQUE WHEREAS, the City of Dubuque intends to acquire certain properties located in the area adjacent to the West 32nd 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 owner of the twelfth 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: Lot 2 of South 231' of Lot 2 of 8 in Gillespie's Subdivision in the City of Dubuque, Iowa, according to the recorded plat thereof At the cost of One Hundred, forty-eight thousand dollars ($148000). 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 1stt day of August, 2005. Terrance M. Duggan, Mayor Attest: Jeanne Schneider, CMC, City Clerk