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Sale of City-Owned Property at 2234 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 2234 Washington Street DATE: July 5, 2013 Dubuque kital All- America City II h/ 2012 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 fifth of these, located at 2234 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 $124,763 were utilized to renovate the property and prepare it for re -sale. Housing and Community Development Department Director Alvin Nash recommends the City Council set a public hearing for August 5 to dispose of City -owned real property located at 2234 Washington Street to Abram and Leah Miller for the appraised value of $115,000. As a requirement of the NSP Program, the purchase price can only be the appraised value or actual rehab costs, whichever is the 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. I concur with the recommendation and respectfully request Mayor and City Council approval. 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 Masterpiece on the Mississippi Dubuque ktratd All - America City 2012 TO: Michael Van Milligen, City Manager FROM: Alvin Nash, Housing and Community Development Department SUBJECT: Sale of City -owned property at 2234 Washington Street DATE: June 26, 2013 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 2234 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 fifth of these, located at 2234 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 $124,763 were utilized to renovate the property and prepare it for re -sale. Discussion An offer has been made by Abram and Leah Miller to purchase the property at 2234 Washington Street for $115,000. The appraised value is $115,000. 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 Abram and Leah Miller will be provided through a first mortgage from American Trust and Savings Bank 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. KLN RESOLUTION NO. 209 -13 A RESOLUTION OF INTENTION TO DISPOSE OF CITY -OWNED PROPERTY, SPECIFICALLY, LOT 1 BEE BRANCH SUBDIVISION NO. 10, IN THE CITY OF DUBUQUE, COUNTY OF DUBUQUE, IOWA, ACCORDING TO THE RECORDED PLAT THEREOF, 2234 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 Abram and Leah Miller 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 Subdivision #10, 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 Abram and Leah Miller for the sum of $115,000. 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 5th day of August, 2013, at 6:30 o'clock p.m. at the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa. PASSED, APPROVED AND ADOPTED this 15th day of July, 20 3. Attest: Firnstahl, CMC, ity Clerk 04J Roy D Buol, Mayor CITY OF DUBUQUE, IOWA OFFICIAL NOTICE NOTICE OF A PUBLIC HEARING OF THE CITY COUNCIL S OF THE CITY OF 'DUBU- QUE, IOWA, ON THE MATTER OF THE IN- TENT TO DISPOSE OF AN INTEREST IN REAL PROPERTY LOCATED AT 2234 WASHING - TON STREET 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 Au gust, 2013, at 6:30 p.m. - in the Historic Federal second- Building, ( floor) 350 West 6th Street, Dubuque, Iowa, at which meeting the City Council proposes to dispose of an inter - est in the followingide- scribed real property to Abram and Lea Mill - er: Lot 1 Bee Branch Sub- division #10, in the City of Dubuque, County of Dubuque, Iowa (2234 Washington Street). At the meeting, the City Council will re- ceive oral and written comments from any resident or property owner of said City to the above action. Writ - ten comments regard - ing the above public hearing may be sub - mitted to the City Clerk's Office on or be- fore said time of public hearing. Copies of supporting documents for the pub lic hearings are on file in the City Clerk's Of- fice, 50 W. 13th Street, and may be viewed during normal working hours. Any visual or hearing impaired persons needing special as tance or persons with special accessibility tl , Id contact TTY (563) 690 -6678 at least 48: hours prior to SPECIFICALLY, LOT 1 BEE BRANCH SUBDI VISION NO. 10, IN THE CITY OF DUBUQUE, COUNTY OF DUBU- QUE, IOWA, ACCORD- ING TO THE RECORD- ED PLAT THEREOF, 2234 WASHINGTON STREET Whereas, the City of Dubuque has obtained certain real property in connection with the Bee Branch Creek Red- ' Project; and for purpose of its reha- bilitation and re -sale for owner - occupied housing; and Whereas, the City re ceived an offer to pur- chase this property from Abram and Leah Miller; and Whereas, i such pur- pose supports the'' Neighborhood Stabi zation Program and Washington Neighbor -J hood Revitalization strategy as approved by the City Council; and Whereas, by accept- ing the selected offer the City's objectives of providing homeowner- ship to an income qualified buyers and rehabilitation of a va- cated home' can be re- alized. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE_ CITY OF DUBUQUE, 0 WA: Section 1: That the City of Dubuque, Iowa, ,I intends to dispose of its interest in the fol- lowing legally -des - cribed property: Lot 1 Bee Branch Subdivision #10, in the City of Du- buque, County of Du -r' buque, Iowa. Section 2. That the City of Dubuque, lowa, proposes toidispose of its interest in the above described real estate to Abram and Leah Miller for the sum i! of $115,000. Section 3. That the City Clerk is hereby au- at the needs s ou con ac the City Clerk's Office at (563); 589 -4120 or Historic thonzed and .directed Federal Building, 350;1 p tto cause this Resole- West 6th Street, Dubu the meeting. tion and a notice to be que, Iowa. Dated this 19th day of published as prescr- Passed, approved and July, 2013. bed by Iowa! Code Sec- adopted Kevin 5 City Clerk tion 364.7 of a public of July, 2013. 15th tlay RE50LU City hearing on 'the City's Roy D Buol, Mayor NSOLUT O intent to dispose of the Attest: Kevin S '! A RE50LU 13 OF foregoing described Firnstahl,CMC,City INTENTION TO 'DIS- Property, to be held an Clerk POSE OF CITY- the 5th day of August, it 7/14 OWNED'; PROPERTY, 2013, at 6:30 o'clock STATE OF IOWA DUBUQUE COUNTY {SS: 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: July 19, 2013, and for which the charge is $49.19. '---?(Serf Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this ;% day of '` , 20/ . Notary Public in and for Dubuque County, Iowa. ARY K, WI :ST :RML:YfR rnrnlo4len Number 154086 I1