Loading...
Sale of Property at 2318 Washington Street_NillesMasterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Sale of Property at 2318 Washington Street DATE: August 15, 2013 Dubuque band AI- America City 11111r 2007 • 2012 • 2013 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. Development of this property was funded as part of the Bee Branch Creek Restoration Program and the Lead Paint Hazard Reduction Program. No Neighborhood Stabilization Program funds were used on this property. The sixth of these, located at 2318 Washington, has been completed and an offer to purchase has been received. Housing and Community Development Department Director Alvin Nash recommends City Council approval of the sale of City -owned real property located at 2318 Washington Street to Brian J. Nilles for the appraised value of $102,000. The buyer will receive the "Washington Neighborhood" incentives package, including a $15,000 combination forgivable and deferred - payment loan to assist with the downpayment; and a $25,000 City second mortgage. 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. Financing to Brian J. Nilles will be provided through a first mortgage from Dubuque Bank and Trust and the Washington Neighborhood Incentives 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 & Community Development Department Director THE CITY OF Dui Masterpiece on the Mississippi Dubuque AII- America City � r 2007 • 2012 •2013 TO: Michael C. Van Milligen, City Manager FROM: Alvin Nash, Housing & Community Development Director SUBJECT: Sale of Property at 2318 Washington Street DATE: August 6, 2013 Introduction The purpose of this memorandum is to request City Council approval of the attached resolution, authorizing sale of City -owned real property located at 2318 Washington Street, to Brian J. Nilles. 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. Development of this property was funded as part of the Bee Branch Creek Restoration Program and the Lead Paint Hazard Reduction Program. No Neighborhood Stabilization Program (NSP) funds were used on this property. The sixth of these, located at 2318 Washington Street, has been completed and an offer to purchase has been received. Discussion An offer has been made by Brian J. Nilles to purchase the property at 2318 Washington Street for $102,000, in accordance with the value established by an independent appraisal. The buyer will receive the "Washington Neighborhood" Incentives package, including a $15,000 combination forgivable and deferred - payment loan to assist with the downpayment; and a $25,000 City second mortgage. 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. Financing to Brian J. Nilles will be provided through a first mortgage from Dubuque Bank & Trust and the Washington Neighborhood Incentives Program. By action of the City Council at its meeting held on August 5, 2013, Resolution No. 249- 13 approved the setting of a public hearing to be held for the disposal of property at 2318 Washington Street. Action Step The action requested of the City Council is to approve the attached resolution authorizing the sale of property located at 2318 Washington Street to Brian J. Nilles KLN Preparer: Kris Neyen, City of Dubuque Housing Department, 350 W. 6th Street, Suite 312, Dubuque, IA 52001 (563) 690 -6094 RESOLUTION NO. 273 -13 A RESOLUTION APPROVING THE SALE OF REAL ESTATE LOCATED AT 2318 WASHINGTON STREET, IN THE CITY OF DUBUQUE, IOWA WHEREAS, the City acquired the property at 2318 Washington Street for the purpose of its restoration and re -sale for owner - occupied housing as part of the Bee Branch re- alignment project. 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. 5 in the City Of Dubuque, Iowa, according to the recorded plat thereof — 2318 Washington Street at the cost of $102,000. 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 Brian J. Nilles 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 19th day of August, 2013. Attest: Kevi Firnstahl, i y Clerk D1_," oy D. Buol, Mayor CITY OF DUBUQUE, IOWA OFFICIAL NOTICE NOTICE OF A PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF DUBU- QUE, IOWA, ON THE MATTER OF THE IN- TENT TO DISPOSE OF AN INTEREST IN REAL PROPERTY BY PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on the 19th day of Au- gust, 2013 at 6:30 p.m. in the Historic Federal Building, 350 West 6th Street, (second floor), Dubuque, Iowa, at which meeting the City Council proposes to dispose of an interest in the following descri- bed real property to Brian J. Nilles: . Lot 1 Bee Branch Sub. No. 5 in the City of Du- buque, Iowa, according to the recorded plat thereof (2318 Washing- ton 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 assis- tance 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 9th day of August, 2013. Trish L. Gleason, CMC Assistant City Clerk RESOLUTION NO. 249-13 A RESOLUTION OF INTENTION TO DIS- POSE OF CITY - OWNED PROPERTY, LOT 1 BEE BRANCH SUB. NO. 5, IN THE CITY OF DUBUQUE, IOWA, ACCORDING TO THE RECORDED PLAT THEREOF - 2318 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 prop- erty from Brian J. Nilles; and WHEREAS, by accept- ing an offer to pur- chase for this property the City's objective for providing homeowner- ship to a qualifying buyer can be realized. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IO- WA: Section 1. That the City of Dubuque, Iowa, intends to dispose of its interest in the fol- lowing legally- describ- ed property: "Lot 1 Bee Branch Sub. No. 5 in the City of Dubuque, Iowa, ac- cording to the record- ed plat thereof." Section 2. That the City of Dubuque, Iowa, proposes to dispose of its interest in the above - described real property to Brian J. Nilles, for the sum of $102,000. Section 3. That the City Clerk is hereby au- thorized and directed to cause this Resolu- tion and a notice to be published as prescri- bed by Iowa Code Sec- tion 364.7 for a public hearing on the City's intent to dispose of the above - described prop- erty, to be held on Au- gust 19, 2013, at 6:30 pm at the Federal Building, 350 W 6th Street, Dubuque, Iowa. Passed, approved and adopted this 5th day of august, 2013. Roy D. Buol, Mayor Attest: Trish L. Gleason, CMC, Assistant City Clerk It 8/9 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 09, 2013, and for which the charge is $43.47. Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this /AO day of / , 20 /3 . Notary Public in and for Dubuque County, Iowa. WES1rE is :' , 'MARY K. - Cornmis;!on 'umber. 154.:;•: