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Holliday 5th Addition Stormwater Facilities Fee AgreementTHE CITY OF Dui Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Holliday 5th Addition - Stormwater Facilities Fee Agreement DATE: September 9, 2014 Dubuque band AI -America City r 2007 • 2012 • 2013 City Attorney Barry Lindahl recommends City Council consent to the assignment of interest in the Stormwater Facilities Fee Agreement between the City and WBBW Holliday Development, LLC for Lot 1 of Holliday 5th Addition. I concur with the recommendation and respectfully request Mayor and City Council approval. 7.- Mic ael C. Van Milligen bc./114X tvii MCVM:jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager THE CITY OF DUB E MEMORANDUM Masterpiece on the Mississippi BARRY LINDAHL CITY ATTORNEY To: Michael C. Van Milligen City Manager DATE: September 5, 2014 RE: Holliday 5th Addition — Stormwater Facilities Fee Agreement The purpose of this memo is to recommend City Council consent to the assignment of interest in the Stormwater Facilities Agreement (Agreement) between the City and WBBW Holliday Development, LLC for Lot 1 of Holliday 5th Addition. Holliday 3rd Addition (now Holliday 5th Addition) is a commercially zoned development that includes the extension of Holliday Drive to the south from Asbury Road west of the Northwest Arterial. Because the development exceeds one acre, stormwater detention was required. The site is directly north of the Northwest Arterial Detention Basin and all drainage from the site flows to the basin. To meet detention basin requirements, the Developer, QHQ Properties (QHQ) was granted permission to use the City's detention basin instead of constructing a new detention basin of its own. The Northwest Arterial detention facility, located just south of Holliday 3rd Addition, has been functional since the Spring of 2002. The basic premise of the Agreement is that the City will provide detention service and QHQ will reimburse the City for the cost of the service. In June of 2004, the City Council approved the Stormwater Facilities Fee Agreement with QHQ. Under the Agreement, the City received a one-time payment of $62,250. In addition, the City receives an annual maintenance fee that escalates by 2.5% each year. The Agreement allowed QHQ to assign its interest in the Fee Agreement with the City's consent with the sale of each parcel property. The City Council has previously consented to several assignments of the Stormwater Facilities Fee Agreement to purchasers of the property. OFFICE OF THE CITY ATTORNEY DUBUQUE, IOWA SUITE 330, HARBOR VIEW PLACE, 300 MAIN STREET DUBUQUE, IA 52001-6944 TELEPHONE (563) 583-4113 / FAX (563) 583-1040 / EMAIL balesq@cityofdubuque.org Attached is another Assignment of Stormwater Facilities Fee Agreement assigning the WBBW Holliday Development, LLC's interest in Lot 1 of Holliday 5th Addition to the purchaser of that property, Warrior Enterprises, LLC. WBBW Holliday Development, LLC had purchased the property from QHQ. I recommend that the Assignment of Storm Water Facilities Fee Agreement be submitted to the City Council for consideration and consent. BAL:tls Attachment cc: Gus Psihoyos, City Engineer Jenny Larson, Budget Director Ken TeKippe, Finance Director Deron Muehring, Civil Engineer II F:\USERS\Laserfiche Legal\QHQ Properties\MVM_WBBWHollidayDevConsentToAssignment_090514.doc 2 THE CITY OF DUB F MEMORANDUM Masterpiece on the Mississippi BARRY LINDAHL CITY ATTORNEY To: City Clerk DATE: September) l , 2014 Kevin S. Firnstahl RE: Holliday 5th Addition — Stormwater Facilities Fee Agreement Attached for the September 15, 2014 City Council meeting is the original Assignment of Stormwater Facilities Fee Agreement assigning the WBBW Holliday Development, LLC's interest in Lot 1 of Holliday 5th Addition to the purchaser of that property, Warrior Enterprises, LLC. WBBW Holliday Development, LLC had purchased the property from QHQ Properties. Upon approval by the City Council, I would appreciate it if you would please obtain the signature of the City Manager and then return the original to me. I will forward the original document to Attorney Brian Kane for recording. Thank you for your assistance regarding this matter. BAL:tls Attachment F:\USERS\Laserfiche Legal\QHQ Properties\Firnstahl_WBBWHollidayDevConsentToAssignmentOriginal_091114.doc OFFICE OF THE CITY ATTORNEY DUBUQUE, IOWA SUITE 330, HARBOR VIEW PLACE, 300 MAIN STREET DUBUQUE, IA 52001-6944 TELEPHONE (563) 583-4113 / FAx (563) 583-1040 / EMAIL balesq@cityofdubuque.org Prepared By: Return To: Brian J. Kane, 2100 Asbury Road, Suite 2, Dubuque, IA 52001 (563) 582-7980 Brian J. Kane, 2100 Asbury Road, Suite 2, Dubuque, IA 52001 (563) 582-7980 ASSIGNMENT OF STORM WATER FACILITIES FEE AGREEMENT AND CONSENT TO ASSIGNMENT BY THE CITY OF DUBUQUE This Assignent of Storm Water Facilities Fee Agreement is dated for reference purposes the c2% —clay of August, 2014. WHEREAS, WBBW Holliday Development, L.L.C. ("WBBW Holliday") is the partial Successor in Interest in and to that certain City of Dubuque Storm Water Facilities Fee Agreement (the "Agreement"), a copy of which was recorded as Instrument No. 10046-04, records of the Dubuque County Recorder with respect to the real estate described as follows: Lot 1 of HOLLIDAY 5m ADDITION, in the City of Dubuque, Dubuque County, Iowa, according to the recorded Plat thereof (the "Real Estate") WHEREAS, WBBW Holliday has sold the Real Estate to Warrior Enterprises, L.L.C. ("Warrior Enterprises"); and WHEREAS, WBBW Holliday desires to assign its interest in the Agreement to Warrior Enterprises, as provided herein. NOW, THEREFORE, in consideration of the terms, conditions, covenants and performances contained herein, the parties agree as follows: SECTION 1. Subject to the consent of the City of Dubuque (the "City"), WBBW Holliday hereby assigns its interest and responsibilities in the Agreement related to the Real Estate to Warrior Enterprises. SECTION 2. Commencing January 1, 2015 and January 1 of each year thereafter, Warrior Enterprises shall pay the annual detention basin and drainage channel maintenance fee for the maintenance of the Northwest Arterial Detention Basin and Drainage Channel, all in accordance with the Agreement. Warrior Enterprises acknowledges that the annual fees for 2015 and each year thereafter shall be calculated by adding 2.5% to the fee for the previous year fee for each respective parcel of real estate. SECTION 3. Annual fees shall be paid by the Warrior Enterprises to the City by not later than January 31 of each year. In the event that the annual fee is not paid by January 31 for the year when it is due, Warrior Enterprises agrees that City shall have the right to assess the fee against the Real Estate for collection in the same manner as the property tax. SECTION 4. Warrior Enterprises hereby assumes all responsibilities required under the Agreement with respect to the Real Estate. SECTION 5. The Agreement and this Assignment shall be binding on the parties and their successors, heirs and assigns. IN WITNESS WHEREOF, the parties executed the foregoing as of the date here first above written. WBBW HOLLIDAY DEVELOPMENT, L.L.C. By: Printed Name Title STATE OF IOWA COUNTY OF DUBUQUE This record was acknowledged before OW '0/6000 as L.L.C. WARRIOR ENTERPRISES, L.L.C. Printed Name Title me 2-7 on August 2014 by f WBBW Holli ay Development, BRIAN J. KANE nmmission Number 125603 My Comm. Exp, JAN. 12, 2016 STATE OF IOWA COUNTY OF DUBUQUE Notary Public in d for said State This record was acknowledged before R47 X 4,/29-TJ,1 as me on August 02 , 2014 by f Warr' or Eiyterprises, L.L.C. BRIAN J. KANE Commission Number 125603 My Comm. Exp. JAN. 12, 2016 Notar ublic and for said State CONSENT TO ASSIGNMENT The City of Dubuque hereby consents to the foregoing Assignment. CITY OF DUBUQUE, IOWA By: Michael C. Van Milligen, City Manager Brian J. Kane Les V. Reddick* Brad J. I-Ieying Todd L. Stevenson* Kevin T. Deeny** Bradley B. Kane Joseph P. Kane Nicholas J. Kane All admitted in Iowa *Also admitted in Illinois **Also admitted in Wisconsin Barry A. Lindahl, Esq. Corporation Counsel 300 Main Street, Ste. 330 Harbor View Place Dubuque, IA 52001 KANE, NORBY & REDDICK, P.C. ATTORNEYS 2100 ASBURY ROAD, SUITE 2 DUBUQUE, IA 52001-3091 August 28, 2014 Re: WBBW Holliday Development, LLC Dear Barry: Retired: Gary K. Norby Phone: (563) 582-7980 Facsimile: (563) 582-5312 E-mail:bkane@kanenorbylaw.com Enclosed please find an original Assignment of Storm Water Facilities Fee Agreement and Consent to Assignment by the City of Dubuque. We request that you please present it to the City Council and/or Mr. Van Milligen for signature on the Consent to Assignment page. Thereafter, please return the original to our office for recording. Please do not hesitate tocontact us directly should you have any questions. Thank you. Best regards, KANE, NORBY & D'ICK, P.C. By BJK:ald Enclosure frAir Brian J. Kane