Sale of Property_2513_2515 White Street THE CITY OF Dubuque
hfritt
DU3JE 1 I
Masterpiece on the Mississippi
2012
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Sale of City-Owned Property at 2513-2515 White Street
DATE: October 4, 2012
Housing and Community Development Department Director Alvin Nash recommends
the City Council set a public hearing for November 5, 2012, on the sale of city-owned
property at 2513-2515 White Street to James Ferring for the purchase price of$86,000.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
ObriA44 v rvii
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 and Community Development Department Director
THE CITY OF
DUIjJi
Masterpiece on the Mississippi
TO: Michael Van Milligen, City Manager
FROM: Alvin Nash, Housing and Community Development Department
SUBJECT: Sale of City -owned property at 2513 -2515 White Street
DATE: September 28, 2012
Dubuque
kiltd
All- America City
111111
2007
Introduction
The purpose of this memorandum is to request the City Council's approval of the
attached resolution, setting a Public Hearing for the purpose of disposing of City -owned
real property located at 2513 -2515 White Street.
Background
The previous owner of 2513 -2515 White Street had received a rehab loan from the
Housing Department in 1987. This owner subsequently defaulted on the mortgage with
the City. The previous owners surrendered the property to the City in 2008. NSP
(Neighborhood Stabilization Program) and RRP funds in the total amount of $105,823
were utilized to renovate the property and prepare it for re -sale.
Discussion
James Ferring, a new homebuyer, has agreed to purchase the property at 2513 -2515
White for $86,000 (appraised value). As a requirement of the NSP Program, the
purchase price can only be appraised value or actual rehab costs, whichever is lesser of
the two.
Financing to Mr. Ferring will be provided through a first mortgage from DB &T.
Action Step
The action requested of the City Council is to approve the attached resolution, declaring
the City's intent to dispose of the property and set the date for the public hearing to
receive comments on the proposed sale.
KLN
RESOLUTION NO. 282-12
A RESOLUTION OF INTENTION TO DISPOSE OF CITY -OWNED PROPERTY,
SPECIFICALLY, NORTHERLY 35 FEET OF THE WESTERLY 170 FEET OF LOT 227 IN
DAVIS FARM, A PART OF DUBUQUE, IN THE CITY OF DUBUQUE, COUNTY OF
DUBUQUE, IOWA, ACCORDING TO THE RECORDED PLAT THEREOF, 2513 -2515
WHITE STREET
WHEREAS, the City of Dubuque has obtained certain real property for purpose of its
rehabilitation and re -sale for owner - occupied housing; and
WHEREAS, the City received an offer to purchase this property from a first -time
homebuyer;
WHEREAS, such purpose supports the Neighborhood Stabilization Program and
Washington Neighborhood Revitalization strategy as approved by the City Council; and
WHEREAS, by accepting the selected offer the City's objectives of providing first -time
homeownership to an income qualified buyer and rehabilitation of a vacated home 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:
Northerly 35 Feet of the Westerly 170 Feet of Lot 227 in Davis Farm, a part of Dubuque,
in the City of Dubuque, County of Dubuque, Iowa
Section 2. That the City of Dubuque, Iowa, proposes to dispose of its interest in the
above described real estate to James Ferring for the sum of $86,000.
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 of a public hearing9
on the City's intent to dispose of the foregoing- described Property, to be held on the 5t
day of November, 2012, at 6:30 o'clock p.m. at the Historic Federal Building, 350 West
Locust, Dubuque, Iowa.
Passed, approved and adopted this 15th day of October, 2012.
Attest:
Kevi S. Firnstahl, MC,‘"" Clerk
Buol, Mayor
RESOLUTION
NO. 282-12
A RESOLUTION OF
INTENTION TO
DISPOSE OF CITY -
OWNED PROPERTY,
SPECIFICALLY,
NORTHERLY 35 FEET
OF THE WESTERLY
170 FEET OF LOT 227
IN DAVIS FARM, A
PART OFDUBUQUE,
IN THE CITY OF
DUBUQUE, COUNTY
OF DUBUQUE, IOWA,
ACCORDING TO THE
RECORDED PLAT
THEREOF, 2513 -2515
WHITE STREET
WHEREAS, the City of
Dubuque has obtained
certain real property
for purpose of its
rehabilitation and re-
sale for owner-
occupied housing; and
WHEREAS, the City
received an offer to
purchase this property.
from a first -time
homebuyer;
WHEREAS, such
purpose supports the
Neighborhood Stabili-
zation Program and
Washington Neighbor-
hood Revitalization
strategy as approved
by the City Council;
and
WHEREAS, by
accepting the selected
offer the City's
objectives of providing
first -time homeown-
ership to an income
qualified, buyer and
rehabilitation of a
vacated home 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 -des-
cribed property: •
Northerly 35 Feet of 1
the Westerly 170 Feet
of Lot 227 in Davis
Farm, a part of
Dubuque, in the City of
Dubuque, County of
Dubuque, Iowa
Section 2. That the
City of Dubuque, Iowa,
proposes to dispose of
its interest in the
above described real
estate to James Ferring
for the sum of $86,000.
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 of a
public hearing on the l
City's intent to dispose
of the foregoing -
described h Propertythe , to
be eld on 5th day
of November, 2012, at
6:30 o'clock p.m. at the
Historic Federal Build-
ing, 350 West Locust,.
Dubuque, Iowa.
Passed, approved and
adopted this 15th day
of October, 2012.
Roy D. Buol, Mayor
Attest: Kevin S.
Firnstahl,
CMC, City Clerk
It 10/19
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 5th day of
November, at 6:30 p.m.
in the Historic Federal
Building, 350 West 6th
Street, Dubuque; lowa,1
at which meeting. the
City Council proposes
to dispose' an interest
in the following des-
cribed real property:
Northerly 35 Feet of
the Westerly 170 Feet
of Lot 227 in Davis
Farm, a part of
Dubuque, in the City of
Dubuque, County of
Dubuque, Iowa (2513-
2515 White Street)
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
objections have been
received and consi-
dered, 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 I
abandon the proposal.
By order of the City
Council said hearing
and.appeals there from .
shall be held in
accordance with 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 visuaror nearing
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.
I Dated this 19th dayof
October, 2012.
Kevin S. Firnstahl, CMC
City. Clerk
I It 10/19
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: October 19, 2012, and for which the charge is $52.64.
Subscribed to before me, a Notary Public in and for Dubuque County, Iowa,
this ,..4.14,z_ day of , 20 / .
MARY K. WESTERMEYER
Commission Number 154885
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