Sale of 2320 Washington StreetTHE CITY OF
Dui
Masterpiece on the Mississippi
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Sale of City -owned property at 2320 Washington Street
DATE: January 24, 2013
Dubuque
kital
All- America City
II 111!
2012
Housing and Community Development Director Alvin Nash recommends the City
Council set a Public Hearing for February 18, 2013, for the purpose of disposing of City -
owned real property located at 2320 Washington Street to Samantha and Nolan Hein
for $75,000.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
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Michael C. Van Milligen
MCVM:sv
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
Alvin Nash, Housing and Community Development Department
THE CITY OF
DUB E
Ailasterpiece an the Mississippi
TO: Michael Van Milligen, City Manager
FROM: Alvin Nash, Housing and Community Development Director
SUBJECT: Sale of City -Owned Property at 2320 Washington Street
DATE: January 25, 2013
Dubuqu(
kaltd
All-AmericaCity
2012
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 2320 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 third of these, located at
2320 Washington, has been completed and an offer to purchase has been received.
NSP (Neighborhood Stabilization Program) and the Lead Paint Hazard Reduction
Program funds in the total amount of $75,000 were utilized to renovate the property and
prepare it for re -sale.
Discussion
An offer has been made by Samantha and Nolan Heins to purchase the property at
2320 Washington Street for $75,000. The appraised value is $100,000. As a
requirement of the NSP Program, the purchase price can only be the appraised value or
actual rehab costs, whichever is lesser of the two. All properties must be sold to
income - qualifying buyers (earning less than 80% area median income) according to the
terms of NSP and the Lead Paint Hazard Reduction Program.
Financing to Samantha and Nolan Heins will be provided through a first mortgage from
Dupaco Community Credit Union and NSP funds.
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.
RESOLUTION NO. 38 -13
A RESOLUTION OF INTENTION TO DISPOSE OF CITY -OWNED PROPERTY,
SPECIFICALLY, LOT 1 BEE BRANCH NO. 6, IN THE CITY OF DUBUQUE, COUNTY OF
DUBUQUE, IOWA, ACCORDING TO THE RECORDED PLAT THEREOF, 2320
WASHINGTON STREET
WHEREAS, the City of Dubuque has obtained certain real property in connection with
the Bee Branch Creek Re- Alignment Project; and for purpose of its rehabilitation and re-
sale for owner - occupied housing; and
WHEREAS, the City received an offer to purchase this property from Samantha and
Nolan Heins;
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
homeownership to an income qualified buyers 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:
Lot 1 Bee Branch #6, 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 Samantha and Nolan Heins 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 of a
public hearing on the City's intent to dispose of the foregoing- described Property, to be
held on the 18th day of February, 2013, at 6:30 o'clock p.m. at the Historic Federal
Building, 350 West 6th St., Dubuque, Iowa.
PASSED, APPROVED AND ADOPTED this 4th day of February, 2013.
Roy D : uol, Mayor
Attest:
AdlOOL- ~v,
Key' Firnstahl, C , ity Clerk