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Sale of Property_2312 Washington StreetTHE CITY OF Dui Masterpiece on the Mississippi TO: Michael Van Milligen, City Manager FROM: Alvin Nash, Housing & Community Development Director SUBJECT: Sale of Property at 2312 Washington Street DATE: August 7, 2012 INTRODUCTION Dubuque klitil AI -America City ' 11' 2012 The purpose of this memorandum is to request City Council approval of the attached resolution authorizing sale of City -owned real property located at 2312 Washington Street to Judie E Root DISCUSSION By action of the City Council at its meeting held on August 6, 2012, Resolution No 209 -12 approved the setting of a public hearing to be held for the disposal of property at 2312 Washington Street ACTION STEP The action requested of the City Council is to approve the attached resolution authorizing the sale of property located at 2312 Washington Street to Judie E Root Enclosure RESOLUTION NO. 225-12 A RESOLUTION APPROVING THE SALE OF REAL ESTATE LOCATED AT 2312 WASHINGTON STREET, IN THE CITY OF DUBUQUE, IOWA WHEREAS, the City acquired the property at 2312 Washington Street for the purpose of its restoration and re -sale for owner - occupied housing as part of the Bee Branch re- alignment project; and 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 1 Bee Branch Sub. No. 4 in the City of Dubuque, Iowa, according to the recorded plat thereof — 2312 Washington Street at the cost of $75 000. 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 Judie E. Root 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: Kevi S. Firnstahl, Ci Roy LyfBuol, Mayor Masterpiece on the Mississippi Dubuque klittl A1- AmericaCity 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 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.