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Sale of City-Owned Property - 1318 Jackson Street_Initiate Copyright 2014 City of Dubuque Items to be set for Public Hearing # 1. ITEM TITLE: Sale of City-Owned Property - 1318 Jackson Street SUMMARY: City Manager recommending setting a public hearing for March 2, 2015, for the purpose of disposing of City-owned real estate at 1318 Jackson Street to Alison Levasseur and Shane Lenane. RESOLUTION of Intention to dispose of City-owned property, specifically, north half o Lot 56 in East Dubuque an Addition to the City of Dubuque, Iowa, according to the recorded plat thereof- 1318 Jackson Street SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s), Set Public Hearing for 3/2/15 ATTACHMENTS: Description Type ❑ 1318 Jackson Street Sale-MVM Memo City Manager Memo ❑ Staff Memo to Sell 1318 Jackson Staff Memo ❑ Resolution Resolutions 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: Sale of City-Owned Property at 1318 Jackson Street DATE: February 9, 2015 Housing & Community Development Department Director Alvin Nash recommends the City Council set a public hearing for March 2, 2015, for the purpose of disposing of City- owned real estate at 1318 Jackson Street to Alison Levasseur and Shane Lenane for the appraised value of$105,000. As a requirement of the Neighborhood Stabilization Program, the purchase price can only be the appraised value or actual rehab costs, whichever is the lesser of the two. The buyers will receive an incentives package using Neighborhood Stabilization Program funds to assist with downpayment, closing costs and other related costs in the amount of $20,000 as a 10-year forgivable loan. Financing will be provided through a first mortgage from Dupaco Community Credit Union. I concur with the recommendation and respectfully request Mayor and City Council approval. Mic ael C. Van Milligen MCVM:jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Alvin Nash, Housing and Community Development Department Director THE CITY OF Dubuque DUB3i&'E All-America City 1 Masterpiece on the Mississippi 2007 TO: Michael Van Milligen, City Manager FROM: Alvin Nash, Housing and Community Development Department SUBJECT: Sale of City-owned property at 1318 Jackson Street DATE: January 30, 2015 Introduction The purpose of this memorandum is to request the City Council's approval of the attached resolution, setting a Public Hearing for the purpose of disposing of City-owned real property located at 1318 Jackson Street. Background As part of the Neighborhood Stabilization Program (NSP), the City is to acquire and rehab vacant or abandoned properties. This is also part of continued efforts of the Washington Neighborhood Strategic Plan to increase homeownership opportunities in the Washington neighborhood. This will be the ninth (9) property purchased with NSP funds and rehabilitated. The City was contacted by relatives of the property owner inquiring about the City purchasing this property as the owner has been moved to an assisted living establishment. While establishing if this property would be an eligible NSP project, the property owner passed away. The City was contacted by the owner's estate attorney to sell the property to the City. An agreed upon purchase price was established by an as is appraisal for $30,000. Due to the extensive rehabilitation, the property was not previously marketed. The NSP (Neighborhood Stabilization Program) fund in the total amount of$114,128 was utilized to renovate the property and prepare it for re-sale. Discussion An offer has been made by Alison G. Levasseur and Shane P. Lenane, to purchase the property at 1318 Jackson Street for $105,000, in accordance with the value established by an independent appraiser. As a requirement of the NSP Program, the purchase price can only be appraised value or actual rehab costs, whichever is lesser of the two. The buyers will receive an incentives package using NSP funds to assist with downpayment, closing costs and other related costs in the amount of $20,000 as a 10 year forgivable loan. Financing to the Alison Levasseur and Shane Lenane will be provided through a first mortgage from Dupaco Community Credit Union. Action Step The action requested of the City Council is to approve the attached resolution, declaring the City's intent to dispose of the property and set the date for the public hearing to receive comments on the proposed sale. KLN RESOLUTION NO. 47-15 A RESOLUTION OF INTENTION TO DISPOSE OF CITY -OWNED PROPERTY, SPECIFICALLY, NORTH HALF OF LOT 56 IN EAST DUBUQUE AN ADDITION TO THE CITY OF DUBUQUE, IOWA, ACCORDING TO THE RECORDED PLAT THEREOF - 1318 JACKSON STREET WHEREAS, the City of Dubuque has obtained certain real property in connection with the Washington Neighborhood Revitalize Project; and for purpose of its acquisition, rehabilitation and re -sale for owner -occupied housing; and WHEREAS, the City received an offer to purchase this property from Alison G. Levasseur and Shane P. Lenane; WHEREAS, such purpose supports the Neighborhood Stabilization Program and Washington Neighborhood Revitalization strategy as approved by the City Council; and WHEREAS, by accepting the selected offer the City's objectives of providing homeownership to an income qualified buyers and rehabilitation of a vacated home can be realized; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City of Dubuque, Iowa, intends to dispose of its interest in the following legally -described property: North half of Lot 56 in East Dubuque an Addition to the City of Dubuque, Iowa, according to the recorded plat thereof; Section 2. That the City of Dubuque, Iowa, proposes to dispose of its interest in the above described real estate to Alison G. Levasseur and Shane P. Lenane for the sum of $105,000; Section 3. That the City Clerk is hereby authorized and directed to cause this Resolution and a notice to be published as prescribed by Iowa Code Section 364.7 of a public hearing on the City's intent to dispose of the foregoing -described Property, to be held on the 2nd day of March, 2015, at 6:30 o'clock p.m. at the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa. PASSED, APPROVED AND ADOPTED this 16th day of Febru Attest: Kevi Firnstahl, CM , City Clerk 15. 7nRoy D Buol, Mayor CITY OF DUBUQUE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on the 2nd day of March, 2015, at 6:30 p.m. in the Historic Federal Building, 350 West 6th Street, Second Floor, Dubuque, Iowa, at which meeting the City Council proposes to dispose of an interest in the following described real property: North half of Lot 56 in East Dubuque an Addition to the City of Dubuque, Iowa, according to the recorded plat thereof (1318 Jackson Street); At the meeting, the City Council will receive oral and written comments from any resident or property owner of said City to the above action. Written comments regarding the above th public hearing may be submitted to the City Clerk’s Office, City Hall, 50 W. 13 Street, on or before said time of public hearing. Copies of supporting documents for the public hearings are on file in the City Clerk’s th Office, 50 W. 13 Street, and may be viewed during normal working hours. Any visual or hearing impaired persons needing special assistance or persons with special accessibility needs should contact the City Clerk’s Office at (563) 589-4100 or TTY (563) 556-9948 at least 48 hours prior to the meeting. th Dated this 16 day of February, 2015. Kevin S. Firnstahl, CMC City Clerk 1t 2/20 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIBIIIIIIIIIIINIIIIIIIIIIII1IIIIIIIIII Doo ID 008206010004 Type GEN Kind DEED WITH RESOLUTION Recorded: 03/25/2015 at 02:58:10 PM Fee Amt: $27.00 Page 1 of 4 Revenue Tax: $0.00 Dubuque County Iowa John Murphy Recorder File2015-00003365 Prepared by: Maureen A. Quann 300 Main Street, Suite 330, Dubuque IA 52001 563 589-4381 Return to: Maureen A. Quann 300 Main Street, Suite 330, Dubuque IA 52001 563 589-4381 Tax Statement to: Alison G. Levasseur and Shane P. Hurley-Lenane 1318 Jackson 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 Alison G. Levasseur and Shane P. Hurley-Lenane, wife and husband, as joint tenants with the right to survivorship, the following legally described real estate situated in the County of Dubuque, State of Iowa, to wit (the Property): The N 1/2 of Lot 56 in East Dubuque, an Addition to the City of Dubuque, Iowa. 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. 47-15 of the City Council of the City of Dubuque adopted the 16th day of February, 2015, 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 23rd day of March, 2015 at Dubuque, Iowa. 6 CITY OF DUBUQUE IOWA By: Attest: By:eha, Trish L. Gleason, Assistant City Clerk STATE OF IOWA ) SS COUNTY OF DUBUQUE ) On this clU ' day of PA M tA,\ , 2015, before me a Notary Public in and for said County, personally appeared Roy D. Buol and Trish P. Gleason to me personally known, who being duly sworn, did say that they are the Mayor and Assistant 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. < Lfn Notary Publi;' in and for Dubuque County, Iowa TRACEY L. STECKLEIN Commission Number 716016 My Comm. Exp. lilt- VI RESOLUTION NO. 47-15 A RESOLUTION OF INTENTION TO DISPOSE OF CITY -OWNED PROPERTY, SPECIFICALLY, NORTH HALF OF LOT 56 IN EAST DUBUQUE AN ADDITION TO THE CITY OF DUBUQUE, IOWA, ACCORDING TO THE RECORDED PLAT THEREOF - 1318 JACKSON STREET WHEREAS, the City of Dubuque has obtained certain real property in connection with the Washington Neighborhood Revitalize Project; and for purpose of its acquisition, rehabilitation and re -sale for owner -occupied housing; and WHEREAS, the City received an offer to purchase this property from Alison G. Levasseur and Shane P. Lenane; WHEREAS; such purpose supports the Neighborhood Stabilization Program and Washington Neighborhood Revitalization strategy as approved by the City Council; and WHEREAS, by accepting the selected offer the City's objectives of providing homeownership to an income qualified buyers and rehabilitation of a vacated home can be realized; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City of Dubuque, Iowa, intends to dispose of its interest in the following legally -described property: North half of Lot 56 in East Dubuque an Addition to the City of Dubuque, Iowa, according to the recorded plat thereof; Section 2. That the City of Dubuque, Iowa, proposes to dispose of its interest in the above described real estate to Alison G. Levasseur and Shane P. Lenane for the sum of $105,000; Section 3. That the City Clerk is hereby authorized and directed to cause this Resolution and a notice to be published as prescribed by Iowa Code Section 364.7 of a public hearing on the City's intent to dispose of the foregoing -described Property, to be held on the 2nd day of March, 2015, at 6:30 o'clock p.m. at the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa. PASSED, APPROVED AND ADOPTED this 16th day of Febru.,j, , 1 Attest: Kevi Firnstahl, CM , City Clerk Roy D Buol, Mayor STATE OF IOWA CERTIFICATE of the CITY CLERK SS: COUNTY OF DUBUQUE ) I, Trish L. Gleason, do hereby certify that I am the duly appointed, qualified, Assistant City Clerkof the City of Dubuque, Iowa, in the County aforesaid, and as such Assistant City Clerk, I have in my possession or have access to the records of the proceedings of the City Council. I do further state that the hereto attached Resolution No. 47-15 is a correct copy of the original Resolution No. 47-15 approved and adopted by the City Council of the City of Dubuque, Iowa, at a session held by said Council on the 16 day of February, 2015. In Testimony Whereof, I hereunto set my hand and official seal of the City of Dubuque, Iowa. Dated at Dubuque, Iowa, on this 19"' day of March, 2015. Trish L. Gleason, Assistant City Clerk