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Property Purchase 1570 Maple Dii~~E ~<!N--~ MEMORANDUM April 1 0,2006 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Purchase of Property at 1570 Maple Street Housing and Community Development Department Director David Harris recommends City Council approval to purchase a residential dwelling for $64,000 located at 1570 Maple Street owned by John M. and Viola A. McLaughlin. This purchase is part of the acquisition program associated with expansion of the Bee Branch Creek Restoration Project. I concur with the recommendation and respectfully request Mayor and City Council approval. (ill C~/ktL Mic~ael c. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, Corporation Counsel Cindy Steinhauser, Assistant City Manager David Harris, Housing and Community Development Department Director i5U~~E ~ck~ MEMORANDUM 7 April 2006 To: MiCh;\\an Milligen, City Manager From: David Harris, Housing and Community Development Department Re: Purchase of Property at 1570 Maple Street Introduction The purpose of this memorandum is to request the City Council's approval to purchase a residential dwelling located at 1570 Maple Street, as part of the acquisition program associated with the Bee Branch Creek Restoration Project. Background The 2001 HDR "Drainage Basin Master Plan" identified approximately 70 homes to be purchased as part of the Bee Branch Creek Restoration Project. To date the City Council has approved a preliminary right of way design and the properties that will be impacted have been identified. The Fiscal Year 2006 CIP budget has allocated $1,114,983 for acquisitions. Discussion The fourth home located in the Bee Branch Realignment and scheduled for purchase is owned by John M. and Viola A. McLaughlin. An independent appraisal has established market value at $64,000. John and Viola McLaughlin accepted an offer for purchase in this amount by signing the purchase agreement offered by the Housing Department. This is the first of five residential properties to be acquired in the Maple Street area for Bee Branch improvements. Action Step The action requested of the City Council is to approve the attached resolution, authorizing purchase of property located at 1570 Maple Street in the City of Dubuque, Iowa. 1 / RESOLUTION NO. 146 -06 A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE LOCATED AT 1570 MAPLE STREET, IN THE CITY OF DUBUQUE WHEREAS. the City of Dubuque intends to acquire certain properties located in the area of the Bee Branch Creek Restoration Project for storm water mitigation activities all recommended in the 2001 HDR "Drainage Basin Master Plan;" and,.., WHEREAS, a purchase agreement has been finalized with the owner of the fourth property scheduled for acquisition. 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 acquisition of the following legally described property: The Southerly One-half of Lot 317 in East Dubuque No.2 in the City of Dubuque, Iowa according to the recorded Plat thereof in Dubuque County, Iowa At the cost of Sixty-four thousand dollars ($64 000). Section 2. That the City of Dubuque be and is hereby authorized to accept a Quit Claim deed from the owner, conveying the owner's interest to the City of Dubuque, Iowa for the herein described real estate. Section 3. That the City Clerk be and she is hereby authorized and directed to cause said Quit Claim 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 she is hereby directed to forward a copy of this Resolution to the Dubuque County Assessor and the Dubuque County Auditor. PASSED, APPROVED AND ADOPTED this1 7th Roy. k ' /,---;;:2/VuA/ Jeanne Schneider, CMC, City Clerk