2305 Prince St purchase
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MEMORANDUM
September 25,2006
TO:
The Honorable Mayor and City Council Members
FROM:
Michael C. Van Milligen, City Manager
SUBJECT: Purchase of Property at 2305 Prince Street
Housing and Community Development Director David Harris is requesting approval to
purchase a residential dwelling located at 2305 Prince Street as part of the acquisition
program associated with the Bee Branch Creek Restoration Project.
The seventh home located in the Bee Branch realignment and scheduled for purchase
is owned by Karla Schramm. An independent appraisal has established market value at
$39,000. Ms. Schramm accepted an offer for purchase in this amount by signing the
purchase agreement offered by the Housing Department.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
rZu{ Cll. /JltL
Michael C. Van Milligen
MCVM/ksf
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Harris, Housing and Community Development Director
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MEMORANDUM
22 September 2006
To: Michaa.( ~n Milligen, City Manager
From: David '~"a~1iS, Housing and Community Development Department
Re: Purchase of Property at 2305 Prince Street
Introduction
The purpose of this memorandum is to request the City Council's approval to purchase
a residential dwelling located at 2305 Prince 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 seventh home located in the Bee Branch Realignment and scheduled for purchase
is owned by Karla Schramm. An independent appraisal has established market value at
$39,000. Karla Schramm accepted an offer for purchase in this amount by signing the
purchase agreement offered by the Housing Department.
Negotiations for payment of relocation assistance benefits are continuing. However,
these have no bearing on the action to acquire the property. We will conclude these
discussions as soon as a comparable home becomes available.
Action Step
The action requested of the City Council is to approve the attached resolution,
authorizing purchase of property located at 2305 Prince Street in the City of Dubuque,
Iowa.
We expect to have this property either moved or deconstructed by the end of
December.
RESOLUTION NO. 461-06
A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE
LOCATED AT 2305 PRINCE 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 stormwater
mitigation activities as recommended in the 2001 HDR "Drainage Basin Master
Plan;" and
WHEREAS, a purchase agreement has been finalized with the owner of
the seventh property sc:~eduled 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 Southeasterly one-half of Lot 57 in Sanford Subdivision, in the City of
Dubuque, Iowa according to the recorded Plat thereof in Dubuque County,
Iowa
At the cost of Thirty-nine thousand dollars ($39 000).
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 this 2nd day of October, 2006.
Roy D. Buol, Mayor
Attest: Jeanne Schneider, CMC, City Clerk