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Sale of Property_1777 Washington StreetTHE CITY OF DUI5jJi Masterpiece on the Mississippi TO: Michael Van Milligen, City Manager FROM: Alvin Nash, Housing & Community Development Director SUBJECT: Sale of Property at 1777 Washington Street DATE: August 7, 2012 Dubuque klettg AA- America City 11111,r 2007 INTRODUCTION The purpose of this memorandum is to request City Council approval of the attached resolution, authorizing sale of City -owned real property located at 1777 Washington Street to Alberto Luna DISCUSSION By action of the City Council at its meeting held on August 6, 2012, Resolution No 208 -12 approved the setting of a public hearing to be held for the disposal of property at 1777 Washington Street ACTION STEP The action requested of the City Council is to approve the attached resolution authorizing the sale of property located at 1777 Washington Street to Alberto Luna Enclosure RESOLUTION NO. 224 -12 A RESOLUTION APPROVING THE SALE OF REAL ESTATE LOCATED AT 1777 WASHINGTON STREET, IN THE CITY OF DUBUQUE, IOWA WHEREAS, the City acquired the property at 1777 Washington Street for the purpose of its restoration and re -sale for owner - occupied housing in the Washington Neighborhood; and WHEREAS, such purpose supports the Washington Neighborhood Revitalization Strategy as approved by the City Council. 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 sale of the following legally- described property: Lot 2 of Lot 2 of the East % of Lot 90; and Lot 1 of Lot 1 of the East 1/2 of Lot 91; In East Dubuque Addition, In the City of Dubuque, Iowa, according to the recorded plat thereof —1777 Washington Street at the cost of $85 000. Section 2. That the City of Dubuque be and is hereby authorized to provide a Special Warranty Deed to the buyer, conveying the City's interest to Alberto Luna for the herein - described real estate. Section 3. That the City Clerk be and is hereby authorized and directed to cause said Special 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 20th day of August, 2012. Attest: DL /0 Roy Buol, Mayor Masterpiece on the Mississippi Dubuque All- America City '1 1L' 2007 TO: Michael Van Milligen, City Manager FROM: Alvin Nash, Housing & Community Development Department Director SUBJECT: Sale of Property at 1777 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 1777 Washington Street Background As part of the Washington Neighborhood revitalization strategy, the `Historic Washington Row Houses,' located at 1765 -1795 Washington Street, were targeted for acquisition, in 2008 Six rental units (a seventh is owner - occupied and was not acquired) were owned by four landlords, including two from out -of -state Five of these were long -term problem properties, marked by numerous police calls for tenant disturbances and indifferent property management The end unit (1795) was destroyed due to a fire in 2008 Working with DB &T's community development corporation, the Housing Department assembled the units over a two -year period, with the bank acquiring four and the City purchasing two Prices ranged from $12 000 to $38 000 These units, dating from the 1880's and originally built under the ownership of the Dubuque Furniture and Burial Case Company, mimic the architectural style and use of materials in the Casket Company building (now Washington Court) located across Washington Street The Housing Department's restoration has remained faithful to both exterior and interior historic integrity, to the extent possible Doug Horsfall (developer of the White Street condominium project) was selected as general contractor for the project. HEART Program crews were used for some of the labor. The Public Works, Engineering and Water Departments assisted to install new individual sanitary sewer and water services to the units, and a storm water catch basin at the rear of the property. A $240 000 I -Jobs award was received from the Iowa Finance Authority to help subsidize costs. Funds from the Lead Hazard Program, in the amount of $75 000, were contributed. In total, approximately $784 000 was expended, which includes funds to restore the exterior of the owner - occupied unit. Improvements to the buildings included new utility services, membrane roofs, lead paint and asbestos removal, furnaces, water heaters and central air conditioning, all new plumbing and fixtures, and custom -made wood windows and doors. Recycled City street pavers were installed in the rear courtyard, made secure with iron privacy fencing. A derelict house next door was purchased and deconstructed; a parking area for project residents will be constructed later this summer. The completed project was recognized with a Ken Kringle historic preservation award in May 2012. To date, two properties owned by DB &T Community Corp have been sold and one is pending. Discussion The first City -owned property, at 1777 Washington, is now ready for sale. An offer has been accepted from Alberto Luna, in the amount of $85 000, according to the value established by an appraisal. The buyer will receive the Washington Neighborhood financing package, including a $15 000 combination forgivable and deferred - payment loan; 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 I -Jobs and CDBG 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. 208 -12 A RESOLUTION OF INTENTION TO DISPOSE OF CITY -OWNED PROPERTY, SPECIFICALLY, LOT 2 OF LOT 2 OF THE EAST 1/2 OF LOT 90; AND LOT 1 OF LOT 1 OF THE EAST 1/2 OF LOT 91; IN EAST DUBUQUE ADDITION, IN THE CITY OF DUBUQUE, IOWA, ACCORDING TO THE RECORDED PLAT THEREOF — 1777 WASHINGTON STREET Whereas, the City of Dubuque, implementing the Washington Neighborhood Revitalization Strategy, has acquired certain properties for the purpose of their rehabilitation and re -sale to income - qualifying owner - occupants; and Whereas, the Historic Washington Row Houses were acquired for this purpose; and Whereas, by accepting an offer to purchase for this property the City's objective for providing first -time home ownership to a qualifying buyer can be achieved. 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 2 of Lot 2 of the East 1/2 of Lot 90; and Lot 1 of Lot 1 of the East 1/2 of Lot 91; in East Dubuque Addition. Section 2. That the City of Dubuque, Iowa, proposes to dispose of its interest in the above - described real property to Alberto Luna, for the sum of $85 000. 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 August 20, 2012, at 6:30 pm at the Federal Building, 350 W 6" Street, Dubuque, Iowa. PASSED, APPROVED AND ADOPTED this 6th day of Augus 2012. Attest: Pl:e'da VA Ke Firnstahl, CM; ity Clerk 0 Roy D. Buol, Mayor NOTICE OF A PUBLIC HEARING OF THE • CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA, ON THE MATTER OF THE INTENT TO DISPOSE OF AN INTEREST IN REAL PROPERTY PUBLIC NOTICE . is hereby given that the City Council of the City of Dubuque, Iowa, will hold . a public hearing on the 20th day of August, at 6:30 p.m. in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at which meeting the City Council proposes to dispose an interest in the following des- cribed real properties: Lot 2 of Lot 2 of the East 'h of Lot 90; and Lot 1 of Lot 1 of the East ' of Lot 91; in East Dubuque Addition. (1777 Washington Street) to Alberto Luna Lot 1 Bee Branch Sub. No. 4 in the City of Dubuque, Iowa, accord- ing to the recorded plat thereof (2312 Washing- ton Street) to Judie E. Root At the meeting, the City Council will receive oral and written objections from any resident or property owner of said City to the above action. After all objec- tions have been received and con- sidered, the City Council may at this meeting or at any adjournment thereof, take additional , action for the disposition of the City's interest in- such real estate above, the approval of the proposal, or will abandon the proposal. By order of the City Council said hearing and appeals there from shall be held in accordance iith and . governed by the provisions of Section 364.7 of the Code of _ Iowa_____ Copies of supporting documents for the public hearings are on file in the City Clerk's Office and may be viewed during normal working hours. Any visual or hearing impaired persons need- ing special assistance or persons with special accessibility needs should contact the City Clerk's -Office at (563) 589 -4120 or TTY (563) 690 -6678 at least 48 hours' prior to the meeting. Dated this 10th day of August, 2012. Kevin S. Firnstahl, CMC, 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 $25.75. Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, thise�, day of te7 , 20 /a . Notary Public in and for Dubuque County, Iowa. MARY K. WESTERMEYER 11 ° :i Commission Number 154585 { G.