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Sale of City Property_2250 Washington StreetMasterpiece 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 2250 Washington Street DATE: March 21, 2014 Dubuque band AI -America City 1 2007 • 2012 • 2013 Housing & Community Development Department Director Alvin Nash recommends City Council approval of a resolution authorizing the sale of City -owned real property located at 2250 Washington Street to Jodie L. Evans for the appraised value of $116,000. 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. This property must be sold to an income -qualifying buyer (earning less than 80% area median income) according to the terms of the Iowa Finance Authority and the Lead Program funding. Financing will be provided through a first mortgage from Dupaco Community Credit Union and the Washington Neighborhood Incentives Program. I concur with the recommendation and respectfully request Mayor and City Council approval. 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 & Community Development Department Director THE CITY OF Dui Masterpiece on the Mississippi Dubuque bitetri All -America City 1 r 2007 • 2012 • 2013 TO: Michael Van Milligen, City Manager FROM: Alvin Nash, Housing & Community Development Department Director SUBJECT: Sale of Property at 2250 Washington Street DATE: March 20, 2014 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 2250 Washington Street to Jodie L. Evans. Background This property was former rental, in poor condition and vacant. It was not purchased by the City for purposes of the Bee Branch Creek project. However, adjacent houses on both sides were. The City -purchased homes have been completely rehabilitated and sold to owner -occupant families. To support and facilitate this rehab and re -marketing effort for the 2200-2300 block of Washington Street, it was recommended that we purchase this property. It was a blighting influence on the block and would have hindered our efforts to sell our completed, rehabilitated homes to new purchaser families. Development of this property was funded as part of the Bee Branch Creek Restoration Program and the Lead Paint Hazard Reduction Program. We similarly rehab this home, which has been completed and an offer to purchase has been received. Discussion An offer has been made by Jodie L. Evans to purchase the property at 2250 Washington Street for $116,000, 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 Jodie L. Evans will be provided through a first mortgage from Dupaco Community Credit Union and the Washington Neighborhood Incentives Program. By action of the City Council at its meeting held on March 17, 2014, Resolution No. 92- 14 approved the setting of a public hearing to be held for the disposal of property at 2250 Washington Street. Action Step The action requested of the City Council is to approve the attached resolution authorizing the sale of property located at 2250 Washington Street to Jodie L. Evans. KLN 2 RESOLUTION NO. 108-14 A RESOLUTION APPROVING THE SALE OF REAL ESTATE LOCATED AT 2250 WASHINGTON STREET, IN THE CITY OF DUBUQUE, IOWA Whereas, the City acquired the property at 2250 Washington Street for the purpose of its restoration and re -sale for owner -occupied housing as part of the Bee Branch re- alignment project; and 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 One (1) of Bee Branch Subdivision No. 9, in the City of Dubuque, Dubuque County, Iowa, according to the recorded plats thereof, subject to easements of record. Commonly known as 2250 Washington Street at the cost of $116,000. 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 Jodie L. Evans for the herein -described real estate. Section 3. That the City Clerk be and he 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 he 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 7th day of April, 2014. Attest: Kev' Firnstahl, City ' erk D D Buol, Mayor Prepared by: Maureen A. Quann 300 Main Street, Suite 330, Dubuque IA 52001 563 589-4381 Return to: David L. Clemens, 2080 Southpark Court, Dubuque IA 52003 563 582-2926 Tax Statement to: Jodie L. Evans 2250 Washington Street Dubuque, Iowa 52001 SPECIAL WARRANTY DEED . KNOW ALL MEN BY THESE PRESENTS: that the City of Dubuque, Iowa, a municipal corporation of the State of Iowa (Grantor), in consideration of the Grantee named below, and other good and valuable consideration, and pursuant to the authority of Chapter 403, Code of Iowa, does hereby GRANT, SELL AND CONVEY unto Jodie L. Evans, the following legally described real estate situated in the County of Dubuque, State of Iowa; to wit (the Property): Lot One (1) of Bee Branch Subdivision No. 9, in the City of Dubuque, Dubuque County, Iowa, according to the recorded plats thereof, subject to easements of record This Deed is exempt from transfer tax pursuant to Iowa Code section 428A.2(6). This Deed is given pursuant to the authority of Resolution No. 108-14 of the City Council of the City of Dubuque adopted the .7th day of April, 2014, the terms and conditions thereof, if any, having been fulfilled. Grantor hereby covenants to warrant and defend the said premises against the lawful claims of all persons whomsoever claiming by, through and under it. Dated this 7th .of April, 2014 at Dubuque, Iowa. CITY OF DUBUQUE IOWA By: �.o RoyD. ISI, Mayor Attest: By: AV Il-rr.- %//.� in S. Firnstahl, City Clerk K STATE OF IOWA SS COUNTY OF DUBUQUE On this r` day of i r`i I , 201`-1 , before me a Notary Public in and for said County, personally appeared Roy D. Buol and Kevin S. Firnstahl to me personally known, who being duly sworn, did say that they are the Mayor and City Clerk, respectively of the City of Dubuque, Iowa, a Municipal Corporation, created and existing under the laws of the State of Iowa, and that the seal affixed to the foregoing instrument is the seal of said Municipal Corporation, and that said instrument was signed and sealed on behalf of said Municipal Corporation by authority and resolution of its City Council and said Mayor and City Clerk acknowledged said instrument to be the free act and deed . of said Municipal Corporation by it voluntarily executed. ,Aacgisaa2,>cp__ Notary Public in and for Dubuque County, Iowa 4JowN'134 rilistW L. E L Gorninission Number 719986 My Commission Expires I a• i, ., RESOLUTION NO.9244 A RESOLUTION OF Passed, approved and INTENTION TO DIS- adopted this 17th day POSE OF :CITY- of March, 2014. OWNED PROPERTY, Roy 0 Buol, Mayor SPECIFICALLY, LOT 1 Attest: Kevin Firnstahl, BEE BRANCH 'SUB. CMC, City Clerk NO. 9 IN THE CITY OF it 3/21 DUBUQUE, IOWA, AC- CITY OF DUBUQUE CORDING TO THE RE- OFFICIAL NOTICE CORDED FLAT THERE- NOTICE OF A PUBLIC OF - 2250 WASHING- HEARING "OF THE TON STREET CITY COUNCIL OF Whereas, the City of THE CITY OF DUDU- Dubuque has obtained QUE, IOWA, ON THE certain real property in MATTER OF THE IN- connec#ion with ` the TENT TO DISPOSE OF Bee Branch Creek Re- CITY-OWNED PROP- Alignment Project; and ERTY BY SALE, SPE - for purpose of its reha- CIFICALLY, "LOT 1 bilitation and re-sale BEE BRANCH SUR, forowner-occupied NO. 9 IN THE CITY OF housing; and DUBUQUE, IOWA, AC- Whereas, the City re- CORDING TO THE 4RE- ceived an offer to pur- CORDED PLAT chase this property THEREOF" (2250 from lotlie L Evans; WASHINGTON ± and STREET) Whereas, such 'pur- PUBLIC NOTICE is pose supports the hereby given that the Neighborhood Stabili- City Council of the City zation Program and of Dubuque, Iowa, will Washington Neighbor- hold a public hearing hood Revitalization on the 7th day of April, strategy as approved 2014 at 6:30 p.m. in the by the City Council; Historic Federal Build - and ing, 350 West Sixth Whereas, by accept- Street, Dubuque, Iowa, ing the selected offer at which meeting the the City's objectives of City Council proposes providing homeowner- to` dispose of an inter- ship to an income est in the following de- qualified buyers 'and scribed real property rehabilitation of ai va- to Jodie L. Evans: Gated home can be re- "Lot 1 Bee Branch alized. Sub. No. 9 in the City of IT NORSOLVED BY T W, THEREFORE, BEHE Dubuque, Iowa, ac- cording to the record - CITY COUNCIL OF THE ed plat thereof" (2250 cording OF DUBUQUE,' 0- Washington Street). WA: At the meeting, the Section 1. That the City Council will re- City of Dubuque, Iowa, ceive oral and written Intends to dispose of comments from any its interest in the fol- resident or property lowing Ig ally-des- owner of said City to cribed property: the above action. Writ- "Lot 1 Bee Branch ten comments regard- Sub. No. 9 in the City of ng the above public Dubuque, Iowa, ac- hearing may be sub- cording to the record- Clerk's to the City edplat thereof" Clerk's Office on or be= Section' 2. That the fore said time of public City of Dubuque, Iowa, hearing. proposes to dispose of Copies of supporting Its Interest in the documents for the pub- above described real lic hearings are on file estate to Jodie L. Evans in the City Clerk's Of for the sum of fice, 50 W. 13th Street, $116,000. and may be viewed Section 3. That the during normal working City Clerk is hereby au- hours. thorized and directed Any visual or hearing', to cause this Resolu- impaired persons tion and a notice tos be needing special assis published aslprescri- tance or persons with bed by Iowa Code Sec- special accessibility tion 364.7 of a public needs should contact' hearing on the City's the City Clerk's Office intent to dispose of the at (563) 589-4100 or foregoing-described TTY (563) 690-6678 at'+ Property, #o be held on least 48 hours prior to the 7th day of April, the meeting. 2014, at 6:30 o'clock Dated this 17th day of, p.md at the Historic March, 2014. Federal Building, 350 Kevin S. rirnstahl, West 6th Street, Dubu- CMC, City Clerk que, Iowa. - 1t 3/21 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: March 21, 2014, and for which the charge is $50.34. (Liz, Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, ,20/ this day of Notary Public in and for Dubuque County, Iowa. 'ARV K. WESTERMEYER Commission Number 154885 Comm. Exp. FEB, 1, 2017