Purchase of 509 Lincoln AvenueTHE CITY OF C
DUB E
Masterpiece on the Mississippi
MEMORANDUM
August 28, 2007
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Purchase of Property at 509 Lincoln Avenue
Housing and Community Development Department Director David Harris is
recommending approval of the purchase of a residential rental dwelling located at 509
Lincoln Avenue, in the amount of $85,000, 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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Michael C. Van Milligen
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Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Harris, Housing and Community Development Department Director
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DUB E MEMORANDUM
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23 August 2007
To: Mich a Van Milligen, City Manager
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From: David arris, Housing and Community Development Department
Re: Purchase of Property at 509 Lincoln Avenue
Introduction
The purpose of this memorandum is to request the City Council's approval to purchase
a residential rental dwelling located at 509 Lincoln Avenue, 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 $2,615,668 for acquisitions.
Discussion
The twenty sixth home located in the Bee Branch Realignment and scheduled for
purchase is owned by Kathryn M. Luker. An independent appraisal has established
market value at $85,000. Kathryn M. Luker has 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 509 Lincoln Avenue in the City of Dubuque,
Iowa.
RESOLUTION NO. 446-07
A RESOLUTION APPROVING THE ACQUISITION OF REAL ESTATE
LOCATED AT 509 LINCOLN AVENUE, 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 sixth 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 Northeasterly 50 feet of the following Lots and parts of Lots, to-wit:
Lots 3 and 4, the Southeasterly 20 feet of Lot 2, and the Northwesterly 24
feet of Lot 5, all in Frisch's Subdivision in the City of Dubuque, Iowa,
according to the recorded Plat thereof.
At the cost of Eighty five thousand dollars ($85,000).
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 4th day of September, 2007.
Roy D. Buol, Mayor
Attest:
Jeanne Schneider, CMC, City Clerk