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WBBW Holliday Stormwater Facilities Fee Agreement Assignment Copyright 2014 City of Dubuque Consent Items # 12. ITEM TITLE: WBBW Holliday Stormwater Facilities Fee Agreement Assignment to Warrior Enterprises, LLC SUMMARY: City Manager recommending approval of the Assignment of interest in the Stormwater Facilities Fee Agreement assigning WBBW Holliday Development, LLC's interest in Lot 1 of Holliday 6th Addition to the purchaser of that property, Warrior Enterprises, LLC. SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Approve ATTACHMENTS: Description Type ❑ WBBW Holliday Stormwater Facilities Fee Agreement Assignment-MVM City Manager Memo Memo ❑ Staff Memo Staff Memo ❑ Brian Kane Letter Supporting Documentation ❑ Assignment Of Storm Water Facilities Fee Agreement&Consent Supporting Documentation THE CITY OF Dubuque UBE I erica .i Masterpiece on the Mississippi 2007-2012-2013 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Holliday 6th Addition - Stormwater Facilities Fee Agreement DATE: November 10, 2014 City Attorney Barry Lindahl recommends City Council approval of the Assignment of interest in the Stormwater Facilities Fee Agreement assigning WBBW Holliday Development, LLC's interest in Lot 1 of Holliday 6th Addition to the purchaser of that property, Warrior Enterprises, LLC. WBBW Holliday Development, LLC had purchased the property from QHQ. I concur with the recommendation and respectfully request Mayor and City Council approval. Micliael C. Van Milligen 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: November 4, 2014 RE: Holliday 6th 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 the following legally described properties: Lot 1 of HOLLIDAY 6TH ADDITION, in the City of Dubuque, Iowa, according to the recorded Plat thereof Holliday 6th 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 sites flows to the basin. To meet detention basin requirements, the original 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. 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 The City Council has previously consented to several assignments of the Stormwater Facilities Fee Agreement to purchasers of the property. Attached is another Assignment of Stormwater Facilities Fee Agreement assigning WBBW Holliday Development, LLC's interest in Lot 1 of Holliday 6th 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 11 F:\USERS\Laserfche Legal\QHQ Properties\MVM_W BBWHollidayDevConsentToAssignmentLod Holliday6thToW arriorEnt_110414.doc 2 THE CITY OF DUB 7E MEMORANDUM Masterpiece on the Mississippi BARRY LIND CITY ATTOR To: Mich el C. Van Milligen City nager DATE: November 4, 2014 RE: Holliday 6th 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 the following legally described properties: Lot 1 of HOLLIDAY 6TH ADDITION, in the City of Dubuque, Iowa, according to the recorded Plat thereof Holliday 6th 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 sites flows to the basin. To meet detention basin requirements, the original 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. 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 The City Council has previously consented to several assignments of the Stormwater Facilities Fee Agreement to purchasers of the property. Attached is another Assignment of Stormwater Facilities' Fee Agreement assigning WBBW Holliday Development, LLC's interest in Lot 1 of Holliday 6th 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_WBBWHollidayDevConsentToAssignmentLotl Holliday6thToWarriorEnt_110414.doc 2 THE CITY OF DUB'U E MEMORANDUM Masterpiece on the Mississippi BARRY LINDAHL CITY ATTORNEY bctx 14)' To: Kevin Firnstahl City Clerk DATE: October 9, 2014 RE: Holliday 6th Addition — WBBW Holliday Development, LLC to Warrior Enterprises, LLC Kevin: Attached for the November 17, 2014 City Council agenda is the original Assignment of Storm Water Facilities Fee Agreement from WBBW Holliday Development, LLC to Warrior Enterprises, LLC, and Consent to Assignment by the City of Dubuque. Once this Assignment has been approved, I would appreciate it you could obtain the City Manager's signature on the Consent, and then return all originals to me. I will then forward them to Attorney Brian Kane for recording. Thank you. BAL:tls Attachment F:\USERS\Laserfiche Legal\QHQ Properties\Firnstahl_WBBWHollidayDevConsentToAssignmentLotl Holliday6AddToWarriorEnt_110614.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 Brian J. Kane Les V. Reddick'E Brad J. Heying 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 October 24, 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 to contact us directly should you have any questions. Thank you. Best regards, KANE, NORBY & REDDICK, P.C. By BJK: ald Enclosure Brian J. K Prepared By: Brian J. Kane, 2100 Asbury Road, Suite 2, Dubuque, IA 52001 (563) 582-7980 Return To: 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 Assi went of Storm Water Facilities Fee Agreement is dated for reference purposes the 01 "day of October, 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 6TH ADDITION, in the City of Dubuque, 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. The annual fee for the year 2015 is $318.74. 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:s� Bradley A. Bierman Printed Name President Title WARRIOR ENTERPRISES, L.L.C. PA,- !tic GRAvrt Printed Name Title STATE OF IOWA COUNTY OF DUBUQUE This record was acknowledged before me on October 3 , 2014 by Bradley A. Bierman as President of WBBW Holliday Development, L.L.C. ANGELA DEMMER Commission Number 732857 MY COMMAS? /FIRES ^ Notary Priic in and for said State STATE OF IOWA COUNTY OF DUBUQUE This record was acknowledged before me on Octobe . a , 2014 by 6-0-7.V as BRIAN J. KANE Commission Number 125603 My Comm. Exp. JAN. 12, 2016 �►f Warrior En rises, L.L.C. 4101111/ Notary ublici fr d 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