Sale of Property_2312 Washington Street THE CITY OF 411WA Dubuque*****
DUBB E All erica City
Masterpiece on the Mississippi
2012
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Sale of Property at 2312 Washington Street
DATE: August 1, 2012
The City purchased eight properties for the Bee Branch project in the 2200-2300 blocks
of Washington Street, due to the need to take a portion of the rear yards for the
realigned right-of-way. The houses are each being fully renovated, in preparation for
their re-sale to income-qualifying homebuyer families. The first of these, located at
2312 Washington, has been completed and an offer to purchase has been received.
Housing & Community Development Department Director Alvin Nash recommends the
City Council set a public hearing for August 20, 2012, on the sale of this property to
Judie E. Root for the appraised value of $75,000.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
/7AAh kt1&1
Michael C. Van Milligen
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
Alvin Nash, Housing & Community Development Department Director
THE CITY OF
DUI5jJi
Masterpiece on the Mississippi
Dubuque
Itigrd
Al- America City
11111,
2012
TO: Michael Van Milligen, City Manager
FROM: Alvin Nash, Housing & Community Development Department Director
SUBJECT: Sale of Property at 2312 Washington Street
DATE: July 30, 2012
Introduction
The purpose of this memorandum is to request City Council approval of the attached
resolution, setting a public hearing for the purpose of disposing of City -owned real
estate at 2312 Washington Street
Background
The City purchased eight properties for the Bee Branch project in the 2200 -2300 blocks
of Washington Street, due to the need to take a portion of the rear yards for the
realigned right -of -way The houses are each being fully renovated, in preparation for
their re -sale to income - qualifying homebuyer families The first of these, located at
2312 Washington, has been completed and an offer to purchase has been received
Discussion
An offer has been made by Judie E Root in the amount of $75,000, in accordance with
the value established by an independent appraisal The buyer will receive the
"Washington Neighborhood" financing package, including a $15 000 combination
forgivable and deferred - payment loan to assist with the downpayment, and a $25 000
City second mortgage The first mortgage will be provided by a private lender All
properties must be sold to income - qualifying buyers (earning less than 80% area
median income) according to the terms of the Iowa Finance Authority and the Lead
Program funding
Action Step
The action requested of the City Council is to approve the attached resolution, setting a
public hearing for the purpose of receiving comments on the proposed sale of the
property
RESOLUTION NO. 209 -12
A RESOLUTION OF INTENTION TO DISPOSE OF CITY -OWNED PROPERTY, LOT 1
BEE BRANCH SUB. NO. 4, IN THE CITY OF DUBUQUE, IOWA, ACCORDING TO
THE RECORDED PLAT THEREOF — 2312 WASHINGTON STREET
Whereas, the City of Dubuque, has acquired certain real properties in connection
with the Bee Branch Creek Re- Alignment Project; and
Whereas, THE City has received an offer to purchase this property from Judie E.
Root;
Whereas, by accepting an offer to purchase for this property the City's objective
for providing homeownership to a qualifying buyer 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:
Lot 1 Bee Branch Sub. No. 4 in the City 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 property to Judie E. Root, for the sum of $75 000.
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 for a
public hearing on the City's intent to dispose of the above - described property, to be held
on 20th day of August 2012, at 6:30 pm at the Federal Building, 350 W. 6th Street,
Dubuque, Iowa.
PASSED, APPROVED AND ADOPTED this 6th day of August, 2012.
Attest:
Key Firnstahl, CM 79'7 y Clerk
D. Buol, Mayor
RESOLUTION
NO.209 -12
A RESOLUTION OF
INTENTION TO DIS-
POSE OF CITY -
OWNED PROPERTY,
LOT 1 BEE BRANCH
SUB. NO. 4, IN THE
CITY OF DUBUQUE,
IOWA, ACCORDING
TO THE RECORDED
PLAT THEREOF - 2312
WASHINGTON STREET
Whereas, the City of ,
Dubuque, has acquired
certain real properties
in connection with the
Bee Branch Creek Re-
Alignment Project; and
Whereas, THE City has
received an offer to
purchase this property
from Judi E. Root;
Whereas, by - ac-
cepting an offer to
purchase for this
property the City's
objective for providing
homeownership to a
qualifying buyer 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:
Lot 1 Bee BranchSub.
No. 4 in the City of
Dubuque, Iowa, ac-
cording to the
recorded plat thereof
Section 2. That the
City of Dubuque, Iowa,
proposes to dispose of
its interest in the
above - described real
property to Judie E.
Root, for the sum of
$75,000.
Section 3. That the
City Clerk is hereby
authorized and di-
rected to cause this
Resolution and a notice
to be published as
prescribed by Iowa
Code Section 364.7 for
a public hearing on the
City's intent to dispose
of the above - described
property, to be held on
20th day of August
2012, at 6:30 pm at the
Federal Building, 350
W. 6th Street, Dubu-
que, Iowa.
Passed, approved and
adopted this 6th day of
August, 2012.
Roy D. Buol, Mayor
Attest: Kevin S.
Firnstahl, City Clerk
It 8/10
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: August 10, 2012, and for which the charge is $22.36.
44„,_Pd,
Subscribed to before me, a Notary Public in and for Dubuque County, Iowa,
this _ 7 � day of � , 20 / . .
Notary Public in and for Dubuque County, Iowa.
MARY K. WESTERMEYER
Commission Number 154885
M E .' FE'. 01f