Purchase of 2249_2251 Prince StreetTHE CITY OF C^~„
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MEMORANDUM
July 31, 2007
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Purchase of Property at 2249 and 2251 Prince Street
Housing and Community Development Department Director David Harris is
recommending acquisition of 2249 and 2251 Prince Street for the price of $112,200 as
part of the acquisition program associated with the Bee Branch Creek Restoration
Project.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
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Mic ael C. Van Milligen
MCVM/jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Harris, Housing and Community Development Department Director
THE CITY OF
DuB E MEMORANDUM
~-~-~
23 July 2007
To: Michael ~Milligen, City Manager
From: David Harri ,Housing and Community Development Department
Re: Purchase of Property at 2249 and 2251 Prince Street
Introduction
The purpose of this memorandum is to request the City Council's approval to purchase
a residential duplex dwelling located at 2249 and 2251 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 2007 CIP budget has allocated $2,271,772 for acquisitions.
Discussion
The twenty second home located in the Bee Branch Realignment and scheduled for
purchase is owned by Mark A. and Lori L. Loso. An independent appraisal has
established market value at $112,200. Mark A. and Lori L. Loso have accepted an offer
for purchase in this amount by signing the purchase agreement offered by the Housing
Department.
Action Step
The action requested of the City Council is to approve the attached resolution,
authorizing purchase of property located at 2249 and 2251 Prince Street in the City of
Dubuque, Iowa.
RESOLUTION NO. 403-07
A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE
LOCATED AT 2249 AND 2251 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 twenty second property scheduled 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 Northerly half of Lot 52 in "Sanford Subdivision" in the City of
Dubuque, fovea, according to the recorded Plat thereof. The Northerly half
of Lot 51, and the Southerly half of Lot 52, in "Sanford Subdivision" in the
City of Dubuque, Iowa, according to the recorded Plat thereof.
At the cost of One Hundred Twelve thousand two hundred dollars ($112,200)
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 6th day of August, 2007.
Roy D. Buol, Mayor
Attest
Jeanne Schneider, CMC, City Clerk