Sale of Property at 1501-1503 Bluff Street_Winn Copyright 2014
City of Dubuque Public Hearings # 2.
ITEM TITLE: Sale of Property at 1501-1503 Bluff Street
SUMMARY: Proof of publication on notice of public hearing to consider disposing of
City-owned real property at 1501 - 1503 Bluff Street to Ethan D. and
Valerie R. Winn and the City Manager recommending approval.
RESOLUTION Disposing of City interest in real property located at 1501-
03 Bluff Street in the City of Dubuque, Iowa
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s)
ATTACHMENTS:
Description Type
❑ Sale of 1501-1503 Bluff Street-MVM Memo City Manager Memo
❑ Memo Staff Memo
❑ Resolution Resolutions
❑ Special Warranty Deed Supporting Documentation
❑ Purchase Agreement Supporting Documentation
THE CITY OF Dubuque
U E 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 1501-1503 Bluff Street
DATE: September 29, 2015
In October of 2014, the City Council authorized the Housing Department to purchase
1501-1503 Bluff Street from the Washington Neighborhood Development Corporation,
who was trying to liquidate their properties. At that time, the City was owed $88,469.
The City received $30,000 at closing, with the ultimate goal of recouping the balance
and other accrued debt when the property was sold.
Since the City's purchase, the City had to put in additional funds to bring the property
back into rehab standards and prepare it for sale. Those additional funds total $19,194,
bringing the total investment to $77,663.
An offer has been made by Ethan D. and Valerie R. Winn, to purchase the property at
1501-1503 Bluff Street for $75,000, in accordance with the value established by an
independent appraiser. The City will not recover the $2,663 difference from the $77,663
investment. The buyers will receive an incentives package to assist with closing costs
and other related costs in the amount of $5,000 to be given as a grant, there will be no
portion of these funds paid back. A restrictive covenant has been recorded by the City
as approved by the City Council, that they will reside on one side and rent the other
side. Pursuant to CDBG regulations, the buyers have to be below 80% median income
at the time of purchase and the rental household must also be under 80% median
income. The buyers have agreed to such terms.
Total financing to Ethan and Valerie Winn will be provided through a first mortgage from
American Trust and the owner's downpayment. The City will not be financing any other
part of this transaction.
Housing & Community Development Department Director Alvin Nash recommends City
Council approval of a Purchase Agreement and Special Warranty Deed for the sale of
1501-1503 Bluff Street to Ethan and Valerie Winn for $75,000.
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 & Community Development Department Director
2
THE CITY OF Dubuque
AII-Ame1 rica City
DUBgkE r
Masterpiece on the Mississippi 2007.2012.2013
TO: Michael Van Milligen, City Manager
FROM: Alvin Nash, Housing and Community Development Department
SUBJECT: Sale of City-Owned property at 1501-03 Bluff Street
DATE: September 24, 2015
Introduction
The purpose of this memorandum is to request approval of the attached purchase
agreement and special warranty deed for the sale of City owned property at 1501-03
Bluff Street.
Background
In October of 2014, the City Council authorized the Housing Department to purchase
1501-03 Bluff Street from the Washington Neighborhood Development Corporation
(WNDC), who was trying to liquidate their properties. At that time, the City was
owed $88,469. We received $30,000 at closing, with the ultimate goal of recouping
the balance and other accrued debt when the property was sold.
Since the City's purchase, the City had to put in additional funds to bring the
property back into rehab standards and prepare it for sale. Those additional funds
total $19,194, bringing the total investment to $77,663.
The City has an offer to purchase.
Program funds utilized to rehab this program years ago for WNDC and now recently
was Community Development Block Grant (CDBG). By selling this property we will
be putting funds back in to the CDBG funds to be reused as in the past for CDBG
eligible activities.
Discussion
On September 21, 2015, the City Council, passed Resolution No. 322.15 declaring
its intent to dispose of City-owned property at 1501-03 Bluff Street.
An offer has been made by Ethan D and Valerie R. Winn, to purchase the property
at 1501-03 Bluff Street for $75,000, in accordance with the value established by an
independent appraiser. The City will not recover the $2,663 difference from the
$77,663 investment. The buyers will receive an incentives package to assist with
closing costs and other related costs in the amount of $5,000 to be given as a grant,
there will be no portion of these funds paid back. A restrictive covenant has been
recorded by the City as approved by the City Council, that they will reside on one
side and rent the other side. Pursuant to CDBG regulations, the buyers have to be
below 80% median income at the time of purchase and the rental household must
also be under 80% median income. The buyer have agreed to such terms.
Total financing to Ethan and Valerie Winn will be provided through a first mortgage
from American Trust and the owner's downpayment. The City will not be financing
any other part of this transaction.
Action Step
I request that the City Council passes, approves, and adopts the attached resolution
and Special Warranty Deed for the sale of 1501-03 Bluff Street.
Prepared by: Kris Neyen, 350 W. 6th Street, Dubuque IA 52001 563 589-4239
Return to: Kris Neyen, 350 W. 6th Street, Dubuque IA 52001 563 589-4239
RESOLUTION NO. 350-15
DISPOSING OF CITY INTEREST IN REAL PROPERTY LOCATED AT 1501-03
BLUFF STREET, IN THE CITY OF DUBUQUE, IOWA
Whereas, the City Council, by Resolution No. 322-15, dated September 21,
2015, declared its intent to dispose of City interest in real property located at 1501-03
Bluff Street, legally described as:
The Easterly 90 feet of the Northerly 40 feet of Lot 3, and the Easterly 100 feet of
the Southerly 2 feet of Lot 4 in D.N. Cooley's subdivision of out lots 667, 668 and
669 in the City of Dubuque, Iowa, according to the recorded plat thereof:
1501-03 Bluff Street
(the Property); and
Whereas, pursuant to published notice, a public hearing was held on the
proposed disposition on October 5, 2015 at 6:30 p.m. in the Historic Federal Building,
350 W. 6th Street, Dubuque, Iowa; and
Whereas, it is the determination of the City Council that approval of the purchase
agreement for the sale to Ethan D. and Valerie R. Winn according to the terms and
conditions set out in the purchase agreement is in the public interest of the City of
Dubuque.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA;
Section 1. The purchase agreement by and between the City of Dubuque and
Ethan D. and Valerie R. Winn for the sale of the Property, is hereby approved.
Section 2. The Mayor and City Clerk are hereby authorized and directed to
execute and deliver a Special Warranty Deed, conveying the City's interest in the
Property to Ethan D. and Valerie R. Winn.
Section 3. That the City Clerk is hereby authorized and directed to cause said
Special Warranty Deed to be recorded in the Office of the Dubuque County Recorder,
together with a certified copy of the Resolution.
Passed, approved, and adopted this 5th day of October, 201
Attest:
r.
Kevin Firnstahl, City Jerk
Roy D. Byo', Mayor
Prepared by: Crenna Brumwell, 300 Main Street, Suite 330, Dubuque IA 52001 563 589-4381
Return to: Crenna Brumwell, 300 Main Street, Suite 330, Dubuque IA 52001 563 589-4381
Tax Statement to:
Ethan & Valeria Winn
c/o Kevin Flynn (Power of Attorney)
2337 Roosevelt Street
Dubuque, IA 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 Ethan
& Valeria Winn, as joint tenants with the right of survivorship and not as tenants in
common, the following legally described real estate situated in the County of Dubuque,
State of Iowa, to wit (the Property):
The Easterly 90 feet of the Northerly 40 feet of Lot 3, and the Easterly 100 feet of
the Southerly 2 feet of Lot 4 in D.N. Cooley's subdivision of out lots 667, 668 and
669 in the City of Dubuque, Iowa, according to the recorded plat thereof
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. 322-15 of the City
Council of the City of Dubuque adopted the 21st day of September, 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 5th day of October, 2015 at Dubuque, Iowa.
CITY OF DUBUQU ` IOWA
Attest:
By: °'_
Kevi S. Firnstahl, City Clerk
STATE OF IOWA
SS
COUNTY OF DUBUQUE
Roy D. B , Mayor
On thi day of al , 2015, before me a Notary Public in and
for said County, personally appeared Roy D. Buol and Kevin S. Firnstahl to me
personally known, who being duly sworn, did say that they are the Mayor and 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.
Notary Public in and for Dubuque County, Iowa
'ISH L GLEASON
Commission Number 719986
My Commission Expires
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4 Tfl o *Copyrig&2d 10 Ct lovm Multiple Listin SaMtx For Member Use Only
C` Prc�
II ftems,below must be considered vift the sale of 160J-1 603 Bluff
Purchase .
Must be ebuyers and renters have to be Income
below)
Household's Income(Including but not limited to S.S.;SSI;unemployment child
suppcot and any kftut earned off Investments) rat exceed the RAcw*V.
1 person $37.000
$4�2250
3 $41p
$62
Buyers must conbibute at least 3 f the actual purchase price($-2AW.
Workshop,Buyers are obligated to attend the HOME see attached
Must be able,to gd benk I'mincing from reputable lending
years,be 30 lixed tats.
Rent cannot exceed Fair Market Rents(FMR)for Dubuque. Ex.Thme bedroom
$9W with utifftles.Worry ulffides am being paid by the tenorit,you must subtract
c the utilities afkwramein sheet that is attached heroto.
City Council approval(2 ,I It one Is requesting the pubic hearing be set to sell,
VO one to I` 54 days to cls
Total . Investment$100,050.including$23,550 in Lead Based Paint
Program
Allowances for UA Deparbmwt W Housing
Uffitles and thftn Dmiloprmint
and Other Services PuM and Ind6i
Waft [hit 7ypa Dam �
Cykyf of Dubuque 10uplax
oBR. 1Eft 28R 38R 4 B ERR
Fkm&V NOW Go 57 71 79 36 93
some"
41 48 51 66 60 6a
til 1261 163 241 209 367
CODMV IL Ndww Gas 4 4 1 4 7
IL BAD am
6 0 7 10
30 41 , 481 56 :- 03
YValsrHseft a.NsMW Gas 10 ':#2 16 :'20
b.soft Gas
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star 19 •21F 281 34 41 47
26 20 38 47 606S"
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with tors oM whatthis workshop can do for you. =3 Pin
FinanciW Solutionst Fit Your
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Discover to developthe worksold for 4 clWses-
mid
savIng tips to-decreme yew expv1ses, preregWmtIdn
Learn how to use credit wiselyto amid predowy lenders.
Basic SankiN Where:
(Week'-bft—Trc"*ed by Local Leakn) HousingA Communityto
savingsLearn different accounts available and basic Dept. —3rd Floor
baMing ills from openingto closingHistoric 1 Building
hame. You wTffo loom aboft home w=Mnw. Dubuque ITA
The,EneW Wise Take A Closer Looki
( / o Register:
Find to avoidrenting i 4°mongy pito by please call City of Dubuque
learnfrig ways to reduce your utilities bik Housingoa
Develop.ent Oepwtment
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Qty of DubAue Housing&Comrmnly Devefoprmnt
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PURCHASECONTRACT Page 1 of 4
A LWAL BDVD17VG DOCVMFM IFNOT UAMMWD SEWLEVAL AD KCE
DATE CF OFFER,
AGENCY N ON - N
1. is t is
A £ t
2. a sirelt
3. or r Buyer as ?,
4. Buyerand SeDWOOD&M that wrl#m disclosures of 29CDcYrq=sentWon wemprovided
to theM theyunderstand
S. who%yepreseaft them wW the disclumes WereptWded prier to siping a&off
cTF
or Reg p
6. DOCUMENTSA A PURCRASE,CONTRACT
9.
& Base Paint Disclosure
9. Addendum
p Ltiscl of
Cont
1& Pddend=toP%svhwcA,
ngenqddendum
11. A
12.
13.i3 SELLER)
iso as
14. dukusted as BUYER)
1S. to wn as z lzlYJ
-S and arm to pay you the sum of:
19 ZIP
1S. as folF se in be in by
19. Broker,
money shall
satisfibcdon
20. two
c heus ai�a, amaiDalai ie bt as In o
f21.22. da 017910 pavikaft price shall
23. awnest
S
24.The
be is ayf
23, ta► Senwhas
be o is ca: a o
26 to receive' of ihods.
27, This emstract 12=fiuMt nPon SO Bayer Obtahmg a
X Al PWA"in lines 3&U of n
29.
30.
31. OVA
32• Q 1,and CwtracKtam"follows)
33.
34. 1f1t P PrOdBuYerls,unable,to obtain ftancing,this contractIgterminated and earnest
35. Monty rat
A £ (%)percent(or)S INTEREST RATE not to exceed: °/s ver annum
37.TERM OF M0RTG,4GZWAXyears. DATE FOR FWANMG C014MNGXNCY /✓.,l
38.If Bayer not make thucly deLvery ofsaid coed agena y release,then Seller may terminate this offer by w
rittra
39.notice to Buyer.
4d,PRE-APPROVAL LETTER(check one)14attache delivered hp®l !� _
41.All usual costs incurred in 90turing such moftage&Tall be*d by the Daya ompt Seller to Py W is g p
42.WVFurds Buyers a • costs and prepaid items.
43.OTIM TERMSICONTINGENCIES
B TIYtfi vJ SELM MITL
Pale 2 of 4 Pagis
AAdrum
4S.broker way time to o and show the props for and t ec
p offera until settlement
shrill d lftg possession 1 be p of DaW.L1
47. cy shall be given to B (choose or Dmp !
49L TMS T IS ALSO SUBRCT TO THE FOLLOWING TnMS AND
49.TRUST PA .It is at time of t® received CONDITIONS:
m the
=Nor Buyer's)ender inq be used to pay uns,ofim New and cqmnm associated
5I=hatisaction,same,to be handled under the supervision of the Listing Braker so as to produce marketable We.
S2.stow hereby appolas theListing or lender to receive such such
53.pryments and disbursements.
St RZ" A TAXES,SPECIAL ASSESSM]LNTS,AND C19ARGFS
S&Unless se Weed to in W1610L all Real Estate=99 due and pqsbk prior to and including am settlement daft °
ll
56.be paid by the Soller.Any taxes that cannot be paid to at the time of settlement be lawated between the
• carrentanessed
t+y. All Red Estate Twies due and payable alarthe sedlement date will
assessments59.be paid by ft Bayer. All gpeclid a lion at on time ofiettlementofftoffer weto be paid by
68 SeHer.All charges fbr solid 1, k to Se 's
61.possession am to be paid by Seller.All Bass caused by Se a)vmersNp,mwh as meebanics fi mowing,wow
62.temmal,48c.are to be . b Seller. subsequent to be i Buyer.Interest,rwis,
63.humwvnW Mocisfift does and .unused fuels and odier approydate chmrs shall lbs pmated as of
64.ffie date ofsettlement Accrued ham es,inchWing Uses for to day ofolosing,shall accroa to the
65.SeDer.
INSURANCK Sefia shall bear the risk of less or 4uniage to pxpemy prkw to afflenumt or possession,whichever
67first occars Seller agrees to nuintahi existurg irwrat",and Buyer may purchase additionalinsurance. in dw
68.Mat 6fdAmage to the property priorto settlement iffi an amount of not more than 5 percent afthe,sefts price
69.Seler to repair the property and restare it to The am condltim dud it was an the date of
78.offer.If&a d=W should exceed this amount,Seof
71.this coniract may be ternitrated atBuyer end earnest nwjuy feramed.
72. todamage, to the insurance proceeds re
73.to to dunagr,plus a credit townds the purchase price equal to the Rmo=offt&Dees deductible an such polky. ,if
74.1he sale is finsisced by a lad contract art inorigage to Sebeholdin trust farthele purpose of
7S redoring the
property.
76.INCLUDED PRO (if .All praiperty that in tar to,or is
77, put
of (VW@Pt rental., MMI whaffier attached or to, to wall
78-carpeting and ° 1, fawns a g)'mrriwslhe�shades.rods,b
79. vladows,storm doom smeft.plumbing ftftzk a
)r door chimes, - items and electrical ct cablellencizig Kamp
SI°door opeow and s�other atwhed fixtuns,radio andiar avaclwd TV receivingit%fencin&
Al bushm shrubs,plams,garden bulbs, or coverin
93.k'aHnOd s cent vacua accessories, and lawn sprinkrx system and
$4.component panss,built in appliances,ftcet,MVIRCO wreen,fire grate and attached equipment,appurtenant
85 es or equipmea4 storage builduqm and ntral water membership sball be considered a pan ofreal estate and
hicluded in this sale.OTHER iNCLUDED ITEMS-
89.
Sm89. CL ]ED PROPERTY AND RENTAL ITEMS CLe.water roftener,LP or outer gas tank): - - -—
9i1.
BUYER IMTL4,L
�O
POP 3 of4 Pago
mormy
Address a State
91-DUTLESOFPARTM.- V
92.SeNer and Buyer adizowledge and"1hd kEALT0RWW*,er(z).Its affiliated licensees and amployear
93.must rosPOW malt questiON Of the PztW;however dzey are not required to discover bidden defects or give
94.Woe On MMUS OUW&the WOPO Of their real csbft ficesse;mab no(and Seller and Buyer=not relyIng
95-Upon)r*m=WGW Or wwranties as to*9 Physical or mechanical condition of the properiy,fis size,vahr,
value.Mcorne potential,who*=the basetnent)z waerpr*4 at,are not qualified to advin on*asdons
97-concorn*&the condition ofthc pvpcM, he legal suffidency,legal efled or tax consequences ofthis document
98.or transaction.For such matt"%Se Bw JAnd B"a areadvised to consult the appropriate pro[esdawal(s).
99.Seller amid Buyer aeltuawlefte dw the 9011or of real Property has a legal duty to disclose in pod fift materld
10MIM"fictS and 10"Mial defixts of which Saw has actual lawwledge and which a reasonable Inspection by
1013uyer would not ravool.Buyer has tie riot to obtak Inspections,survey amd measurements at Boyce#
102-expease.Buyer is a"sed to request thit special prowWons be written into this contract prior to Aping,to cover
103.any ard all conditions Wbkh Buyer nfight consider to be quesdonablo or pimblemstical,(wbe*a such be
104-hupection for tumbes,drainage,wuw and soil couditicruk adequacy ofshwoue or any compments,zonfus,
105.bo undw*utility connections,crony otherznaftors� ProfessonahmeavailablDwiddn&econvmwdtytocanak
106.regardingthese and many other isms relating to your trousactim and you we encouraged to co w' smh
107-professionals on an as needed beds.BY acceptance of Offer,the Saw warnm and represents:Thot Seller has
IOSAisclosed notice or knowledge of any placed public Improvement which may result in special asommato or other
1091MUS,that no 90V=Ment agency has served any notice requiring zzpak sheratIons or coneWous ofary,existing
I 10.coaditions net previously disclosed.7bis representation mf of this trusection,
111.JOINT TENANCY IN PRCK=S AND IN SECURM RIGHTS IN REAL ESTATE.XSeffor,
M' this offer,holds fift to fbeproperty inloftimacy,and sacbjoint tansaM is not[der
113.dwav;3W by Operation of law or by acts of Saw,then the procecdg ofdlb ulk sad any cougming andlor
114-mceptured flAft of Sella in real esW*shall be and coufmac in ScRa as joint tenants wi& job of sunivors*
11 5AWd not as terumb in common,and Boyer in ffie MW Ofthe doetit ofeither Seller agree to pay my bolance ofthe
11 fiprocceds Ofthis sale to dw SWWY!ng Seller and to accept deed fi=such staviving Sonw.
117-CONDMON OF PROPERTY.SOON arm to remove all,dalsis and all petumal property not inchkied herok fim the
1.15 by possession date IM18"thm is&prior written agreement by the partim 7b*property shell be delivered to
119-BuYer On The daft stipulated above nrept and vwumned and ready for oc;cupsncy.At a reasonable time be settlement
12OAs pre-approved,by the Seller or SenWg Mayt the Bu3W"ban tbe rWg to inspect the property to detertnine that dun
121 I=bow no significant chane in the condition of the property,except far ordinary mew and tear and changes appvvW by
1 1h Buyer,and my du&cb Sellerbas ejected to ewc have been=p*ad in a pod w"Inuen Mce manner.
WSMVEY.Bu)W may,pnor to settlemank have the property naveyed,at Buyeegespma�ZBOYM CIMS to
124.1ave the Property sumy:cd,Buyer will hm the survey completed st IcrA gevan(7)businessprior to tha
125icheduled settlement,Ifthe survey,catified by a Itzg1stered Land Surveyw,shows amyoncroadmad:on ,
126.property,or if any impmventents kwSW on the 2*W ptuporV enernuh on an&of other%Mrh eneroachmenft
127.sW be treated as a"defect
12LREMEDES OF THE PARTIES-FoRyEITURZ.FaRpA3A)SURZ
1290 Seller fails,to Ibif M this a9feement,Buyer has,the right to tondnaft c ct and be re
138.the Buyer. the Own WnM money turned to
131.1fRuyer&&to NEI this BgmmmA Seller has the right to terminate the contract all Payments by Dwyer may be lbriefted and
132.rctaiaed by Soft as Provided in tha Lm of state in which 66 property is located.In addition to die foregning vemedlek
1333wya and Saw eacb shall be cadded to any mid all other remedim or action at law or in equity,including ftooksure and
134.9m party at fault shall,Pe cast&and attorney fees,end aztceivar may be appointed.
135.ABSTRACT AND MIX Seller shall f=M Buyer an abstract of Me,or polloy of title,insuraneci in
136.tonftmky with this agrearrmt and iond f6c,law of the State. Ifabstract does not show good merchantable,
137.titfa to said property.Dee,and cleor of all Men and eneumbronom not=pressly walved or assumed by the Buyer,
13&Sefler shaH coned defects,in*k before settlement is made. Municipal building codes and zoning otdinance or
139ininera)reservationo and public casements sheill not be construed as "&encoraNmro". Saner dapa y o, of
am
140.udditional abstracting and/or title,vxffk due to act or omission of Seller,including umsfers by death of Seller
141.or assigns. Miarketable We to be established by the existing land law and title standard of the state in which
142.the property is located.
BUYER INITIAL INMAL SELLER MTUL,
'IMTIAL
Page 4of4 Pages
1°11111?
d
143. T V Lf is an of any estateY . ,
1 laC to 8 S tared lluty� Ifnecessary,
145
dilig y fmhewing for Cam approvaL In ft event
.a COW Officat's Deed sW be used.
147.DZED.Upon pw1mant of pinchm price.Sellersholl convey title b5'warranty dead or other inauument that is
1 by BuyWs attafty.
149-GENERAL PROVISION In to performance of each part of e mhall be of the essance.This
be binding an and Jmn to the baw&of the heirs ay-s,administrators,assigns and
15I.successom in interest of the respective,partim Tbs affmoent shalt Survive the satkinent
152 convenience of and r ` nor c t of . W
153. including acknowledgement h 4 be as in $.WlW orphaw amber,and
1 • ►ac d' to the
1 NOAny n • requiredAgreement aW be deamed delivemd who it h rcceivaii or
156.e' receipt or to
provided
15h0h.below or their Drofor or Aseal.
1give be Seller(s) B j a4 addresses set
IftEl9cuutdc m to the o4her porty or to*0 Wfopdate Drekw,followed by
'c or
159.hxed ackowledgeraeut ofrace4t.sW Constitute delivery of signed
1 .Un document and attadhments contams the etifire agreemmt of&a parties and supersedes all
141.prJor offam wA ramped to the he moMed ouly by g wftm agramunt Signed and dated by
liMboth parde&This Offer for Reel HOU shall not be assigned by Buyer without the writteu owmwt of Sel
1 IAA To fs Seller to
1 . will be conducted in 4000rdeom with the of*anutually
165igmed snadiationservice,Even when utilizing mad` . 'es may alt ' .
1 o shall a hr tine sale and purchm oftbe
1 .a d ibe iQn s) bedue to the s)in aczardence withthe
1 L' A A or
1 conditions or terms ofadd a
170. by
171,ICt&ia o by Sellar an or before M.or ama.Dates LWI I A:- of for Shan
172.bacame mull and money returned,to Buyer without BnAffiftenn peft ori-aid Agent(s)to efta
173.
174-1YW of Nr Was presented to SeDw by at P 11
17.5.1he foregoing ofier is(check one OACCPD, aMECM OCOWTMD
} DATE: ) DATE
tBu.,� .�e'er IaATB: 3 RATE
PROM Addma PHCNE
A1: E.m FAX
Buyer Attomey Name:
ECLAR 1 2114 CCopyright 2010 East Central Iowa Multiple Lining Service For Member Use Onty
ECTAR 24
lersoI e le Agreement
g 71st undersigned Sellers) In consideration of the stem
Of P"'-f ,and other valuable id on including the ccs nience ofboth patties,do hereby sell,assign,
assign,transfer and set over unto the undersigned Buyer(s) /17 ,
the following described Personal Property,which will be transfwad in"as is"condition,with no warranties:
r
---------------
(herein" property-)
The Personal Property is now located at:
Street Ci 23P (ham"Real Property:)
Transfer of the Personal Property is contingen
t on Sellers)successfiffly conveying to Buycrs)the Real Pro
perty
described above. Buyers)hereby assent to becoming owner of the above described Personal property upon the
conveyance of the heal Property to Buyers). Should the trammet ion not close,this bill of sale shall be
terminated and the Buyer(s)shall no longer he obligated to purchase nor shall Sellers)be obligated to sell
tate abov �acribed Personal Property. 9.'
te � �
B Date• t3! I�Se Date 1 !
Buye J`. Date:
ECEAR 24 ill 0 C Copyright 2010 East Central Iowa Multiple Listing Service Inc. For Member Use only
R 7
INSPECTION ADDENDUM P 1 of 3 Pages
RE: sa B
real estate n t2a : by and betweenthe undersigned Buyer aa re the
La°ret 1
city tarts ZIP
TWS SECnON MUST BE READ,UNDERSTOOD AND INITLA
Those 1,11SPections only cover conditions of the property not previously disclosed. They are not to be construed
oa inspections to bring an older home sato compliance with currentlocal building code& They are only
intended to discover Sty HIS*structural,mechanical,safety and health related and defccM
Additionally,ivith respectto the Items noted is said inspection reports to have r c or exceeded normal
os ass Iffe,so long as such Hems Art 1n woriting order,stick condition(s) sham not be as basis for finding that
said Items sire to ao deftedve condition,and Seller shalt not be required to repair or replace such Jtcmj4 and
said conditions(s)shan trot tGusthate groundsfor termination of the rcha Con
If Buyer don not complete any of the Inspections within the time fmes
rx Agreed tea,
to accept e in®' " d live to than inspection.A of ` ens >a
they an deemed
addendum provided to any inspector prior to a giart:orany irrs n,
NOTE;InsPections required by FRA,VA or leader do not eliminate the need for other JAS ' urs.
WO the undersigned have read and understand the information in the section above and agreeby providing our
initials.
BUYER 11 e—
xff 4/—� INITWX SELL In
Lys
a. With ofsaid Purchase Contract,Buyer shall have the fight to conduct a home inspection,at the
Haryer's expense by a qualified independent inspector,Or other specific hupection
Inspection will be completed, rt and.deli
to Se with
to
Inspection.
1. or int I ;2.
b' h o tyto aHgne
to have aa in and rel' hih ®wahereby waives his/her rd
to
inaction as condition of said Buyer Se Broker.Sal and all o transfer of to from all liability relating to y or deficiencyafeting property. This waiver"survivethe closin
g
2. N—Oft IDPH pamphlet Awu Radon if and SdAws Fact Skedor visit .eua.gcavlradrerat
af4With wri of said Parchm coutrac4 Buyer sh&H have right ars a Inspection at
Buyer's to be raved by a licensed Inspector.
insPOcticlu will be 00TOPItted,Mort received and delivered to Seller aabngwitty to In
(CHOOSE ONE)I.On a before l A 2.Within days
b. uyerhasbeena ed the opportunity to have a Radon Inspection.However,Buycr hereby wai er right to
to have a region inspection and relies upas his/her own determination as to the ition ref said property.Further,
Buyer releases the Seller,Brokcn,Salesperson and all other per=s assmiatedwith the transfer ofrral estate from and all liability relating to eery defect or deficiency sting the property. 'his waiver shall survive the closing.
INSPECTION ADDENDUMI>A R 2 DB Pat*200Falles
PROPERTVADDRXSS
a
be Zip
3. WOO DE
STROYING P I OAT—" R A U FINANCING
APPROVAL"
a.
Tion Buyer s ce of said i ut have the tight to co a Wood yin pest.
performed by a qualified Pest Ins
'on will be'*mp report recelved and delivered to Seiler g with the Response to Inspection Rvpoxt
( SE O 1.Un or be 1 ! .7.NIawdmdays prior to closing
b- Buyer's seeking a VA L0an wrhich rcqflimthm Seller ooadu t a wood destroying Pest impeWwat Seller's e e
110 ho will,rfn by a pest inspector. ton will be completed, r and rod td Buyer
"prepate a me to Inspections Report.
(CHOOSE O 1.On or bektA. 1 2.No law Thanprior to clos'
c.
Buytr has been,aff apportimity toline�a g peatIrspeefion.However,Buyer
hereby
waives ` 10 have a wood destroying pest inspection and relics upon hisolber own 'n as to the
con of said ,Buyer re[ the Self,Broker,Salaperson and all other Pewns
associated
ofreal estate any and all fiabilitY relating to any defixt or dallojency affecting
This waiver"a i4e the closing
4. WATER TEST(Ir
)— DER MAY REOUIRE FOR FINANCINGAPPROVAL-
'
'SAL"
aLi WithWrIften of aC011tr9d,Buyer Shall have the right to conduct a water W performed by
a qualified third pitty at Bu3Ws expense,
j'AWalertit to be received and delivemil to Seller along with the Response to Juspectioti Rt
(CHOOSE ONE)i. or
ore 1 1 2.No I to dating
b. Buyer has been afforded the right to have a ltd Test Perhm ed by a q 'fed ` .,However,Buyer y
waivesh' right:to a water and relies his/iuer own inat t as to the property,itis of said
Further,Bary r el ills ,B ,Salesperson and all o ns i the fat of
ted am"
fimn any and all liability rejsairig to an y g .x7tis waivers survive the c
S. SB IAC` ON(If y or deficiency a n Chit
Ion Code 455B.172 mandates the Inspeotion of se e
poi Systems,unless exempt,prior to the transfer of . The code
fer of
es to p which includes at least offs but not mm am four dwelling units,This papedy has a septic
system is not connected to a sanitary sewer sy
IL M With Wliften acceptance of said Purchase C $ Se go S 'C Inspection
fedpro the r
Inspector. vide esults
b
prior to Cl
S wilt Ire by a€eitified AI�TPt ticinspww report
'vim and t4a Se11�21on 2t Buyer's Expense,
S punas flu 'on R
e. Bttya r d8N i.By�1_ 2.No primo to olosing.
results of a S G Sys on conducted by a
C ata3d S Systemwithin the aPpirriate state mandated time fiame
d• II -Buyer affirded the right to have the septic System inspected by a qualified thkd party,.
However,Buyerherobywalveshis4iarl&to have a sc0c systmil inspection relies Won hls&cr own deWrinnuition
23 to the condition of sial property.Puithr.Buyer nk
amthe Se11er, ker,S and all
with the transfif of realestatef'om any and 211 liability to any defw or d .This
waiver shall survive the closing.
6° RD PA (See EpA pa h tett' ,,F4 'rm n r I'o r No e)
a This contract is eonthigWupon a tiskassessmem or ins 'on Of flue for the Presence of
feadbased paint
and/or paint hazards at the Buyers expense with such Inspection to be completed before 9.00 pm.on the 1M calendar
day after acceptance ofthe Purchase Cnntract.This contingency will terminate at the above etersnined deadline
unless the Buyer,or Buyer agent,deirvers to the Seller(or Seller agtnt)a written contract adds listing the specific
existing deficiencies and Co ions needed,together with a copy ofthe inspection and/or risk assessment report.The
Self may,at the Seller's option,w days after delivery of the addendum,elect in writing whether to correct
the eoudition(s)prior to settlement.If the Seller will correct the condition,the Seiler shall f n'Wsb the Buyer
with
certification from a riskassessor or inspector demonstrating that the condition has been remedied before the date of the
settlement If the Seller does not elect to make the repairs,or ifthe Sella-makes a counkr-of er,the Buyer shall have
_do"after receipt to respond to tate counter-offer or remove this contingency and take the property in"As,-is"
condition or this contract shall become term' -lrttact lead- paint drat
a i in good condition is not necessarily
BUYER�TITIALL Ilwtl a ! �1.�a SELLER I+IIIA� )cNi
INSPECT
IONI> l9TD!UJM PAGE?PROPERTY ADDRESS gas
Illt Pa e 3 al'3 p
St to Zi
LEAD BASED P (CON-1)
b-[X Buyerha I=affirded the op ity 10 have a In on.However,Buyer hereby
waiv=
hisAer right to have a lead-based paint inspection and relies npou Inalber own determination as to the condition of
said propeq, r,.auyer reusestheSeller,Braker,Salesperson and all other s associated with the
transfer of real estate fmm my and all liability Mating t0 MY defect or deficiancy afficling the property. This
waiver shall survive tha closing.
I RIGHT TO CURE&EpAIR Seller has the right ct it any defective co do®discovered by inspections re
port
asNO ex ons apply.OR
b. (ball in}
*rBuyer has excepted an am or system fiam the ri to=Mvpsira de by checking box"b"above and if an
describes a defi=dva condition in the e=bjdod area or syrxm,thispmhm contract shall be terms
unless `se mutually agreed by the parties in writing.in the event that option-e above has been Velected such 60 no ex ns
the cxistenre of a defective condition ll not ocrands Ibr tuminatiOn Ofthc Purchase Contract if the Salter agmes t0
core and/or repak said condition.
IS SECTION MUST BE nAD,UNDERSTOOD
&RF-NOVATION,REPAIR,OR REPLACEMENT
In the event any Of the abOva ins "oras reveal a deftdive condition not previously disclosed,buyer will
deliver to seller Response To bas ons Repor4 together with a copy of the cornplete inspection (s),
ining,whatprocedures the BWer Will require Self to complete in Order to defective
condition(s). If Buyer fails to respond'within 'red , e they agree to accept the property in"AS IS-
"onandforfLtany right to terminate Purchase Contract bwed On the terms outlined in the hopection
Addendum.
Seller agrees to respond to Buyer on said pesponse,to inspecdon Repog Whbin
kLVCcti —days after iv` the
on Report rtes se to F DBR- rn Buyer In t Seller fails to respond as
rwp*cd then they Wee to complete the above m requiredby Buyer forfeit rito
tmninaft the Purchase s li in&e
Inspection Addendtm
BUYERINInAl INff IALX�,J�0 SELLER
d' ��
WrIAL
BWOr and Se y release Brokers �� �
disclosure affmang the PrOP", Salespersons rlity dating tea d t or deficiency ori ion or
said iYcr shall au t ' g.
TU above shall be attached to and made part of midpurelmt
Buyer77ateP P tiselli
BMW. Date`A I Date_!_I_
Agent
ECIAR 7 1t1 0 Copyrigbt2010 East Central Iowa Multiple Listing Service For Member Use Only
STATE OF IOWA {SS:
DUBUQUE COUNTY
CERTIFICATION OF PUBLICATION
I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher
of the Telegraph Herald,a newspaper of general circulation published in the City of Dubuque, County
of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper
on the following dates: September 25, 2015, and for which the charge is $47.93.
Pe -4
Subscribed to before me, a ►' tary Public i d for Dubuque County, Iowa,
this J3 9 day o , 20 /5- .
tary Public in and for Dubuque County, Iowa.
MEYE
mrnIssiorr Number 1154885
y Comm, Exp. FEB. 1, 2017
RESOLUTION
CITY OF DUIUQUE, NO. 322-15
IOWA INTENT TO DISPOSE
'kOFFICIAL'NO,TICE 1 OF AN INTEREST IN
PUBLIC' NOTICE is CITY OF - DUBUQUE
hereby; given: that',the I REAL. ESTATE, SET-
CityCouncil of the City TING.' A TIME AND
of Dubuque, lowa,-will PLACE FOR HEARING
hold a,;publjc hearing ANDtPROVIDING FOR
on the =5th day of THE PUBLICATION OF
October;: 2015 et, 6:30 ' NOTICE THEREOF
p:m'. in the HIst35c0 Whereas, the City of'I
Federal Building, Dubuque bas obtained
W. 6th Street, second, certain real property in I
floor, Dubuque, Iowa, connection , with the
at which meeting the purchase/Rehabilita
todispose
City Council proposes tion/Re-sale , Project
y r; ; of an
interest in the ,follow= and; whereas, such
ing described real I rehabilitation, is com-
property'.. by sale ;to plete': and the certain;'
Ethan and' Valeria'.,real, property ;is ready !I
Winn:' forfesale;-and'
The Easterly90 feet of Whereas,. the, City, of
the Northerly'40 feet of Dubuque`-has "received
Lot 3 and.the Easterly I an :offer to purchase
100 .feet of the \ this certain real. pro-
Southerly 2 feet of Lot 1 perty. from Ethan'-and
4 in D'.N. Cooley's ValeriaWmn and
subdivision of out-, lots .UVhereas m;by ac,
66.7, 668 and 669 in the epting this offer to
City of. Dubuque, IowaOf
according to the tjubuqueS , obiectiVes
recorded;pl`at thereof - of -,increased home
1501-03 Biuff Street`ownership by-:`Income
At the meeting, the qualified i,ndivlduals
City Council will re- alid rehaprli anon of
ceive oral and written vacant homes are
comments :from any further real¢ed
resident or ' property lNOW THERE�QRE "BE
owner of said City to, I IT RESOLVED,' BY THE
the above action.I CI,Ty COUNCIL OF,TIjE
Written comments I CITY OF,; D'UBUQPIE, I
regarding ` the above IOWA. -
public hearing may be section 1: That' the
submitted to the City City of Dubuque, Iowa,
Clerks Office; City
Hall, 50:W. lath-Street,intends' to dispose of
on,or,before said time its interest ; in; the
of'public hearing.
fol oWing legally, des-
'Copies of supporting Bribed property'.
dgcuments for The, Easterly 90 feet of.
public Bearings are the on . the Northerly 40 feet of
file in the--City Clerk's I Lot 3,, and the Easterly;
Office, and may be 100' feet', of=, the
viewed during „normal , SoutherlyinD.N. 2 feet ofCooley'Lost
working; hours 1, 4
Any, visual or;hearing Y,subdiyiSion of out lots
impaired` persons, need; 667,668 and 669 in the
ng' 'special' assistance I r. City of Dubuque, fovea;
or persons with special fir according to the`
accessibility , needs .recorded platthere f:
should contact the City 1501 03 Bluff Street'.
Clerk's, Office at (563) r, (the property)
889-4100 or•>TTY, (563) Sermon' 2!That the
690'6678. ':at least 48 Cify 6 Dubuquef Iowa,
hours prior to .the 115,rpp04es to dispose of.;{
meeting. I its Interest in _ thea-',
Dated this 25th Day of •property to Ethan and j
September, 2015 Valeria„_Wink for, the I
Kevin S. Firnstahl, ' sum of $75,000That.00..
CMC City Clerk Section 3: the,
r''City', Clerk,'is hereby
authorized.and direct-1
edto cause this.)
Resolution acrd a notice {
e too �3e pukptished as 1
9 pr•`escribed ”; by Iowa
F Code Section 364.7 of a
g�pt;�lic Hearin-gr an thea
P;
THE CITY OF
DUBtJE MEMORANDUM
Masterpiece on the Mississippi
tf‘%CRENNA M. BRUMWELL, ESQ. M\,J
C
ASSISTANT CITY ATTORNEY
To: Ken TeKippe
Finance Director
DATE: November 13, 2015
RE: 1501-1503 Bluff Street
We have closed on the above -referenced property.
Attached please find:
1. A copy of the closing statements.
2. A copy of the special warranty deed, groundwater hazard statement, and
declaration of value. These documents will be filed by the Winns.
Kris Neyen will deliver the check to you. If you need further information, please let me
know. Thank you.
cc: Kevin Firnstahl, City Clerk
Alvin Nash, Housing & Community Development Director
Closing Statement
1501-1503 Bluff Street
Closing Date: November 12, 2015
Seller: Buyer:
City of Dubuque Ethan & Valerie Winn
50 West 13th Street c/o Kevin Flynn, Power of Attorney
Dubuque, IA 52001 2337 Roosevelt Street
Dubuque, IA 52001
Purchase Price
Less items deducted from purchase price
Grant given to Buyers by City of Dubuque
Realtor Commission for Angie Welbes at Re/Max (Check issued by American Trust)
Full Commission $3,750
Less Earnest Money Retained by Realtor $1,000
Balance of Commission Due $2,750
Earnest Money Retained by Realtor
Total amount due to the City of Dubuque, Iowa
I have reviewed the Closing Statement and agree to the above disbursements.
SELLER: CITY OF DUBUQUE, IOWA
By:is Neyen
Housing & Community Development
BUYER: ETHAN & VALERIE WINN
11-12-15
Date
/(— o2 —Lc—
By: Kevin Flynn Date
Power of Attorney
$75,000.00
$5,000.00
$2,750.00
$1,000.00
$66,250.00
A. Settlement Statement (HUD -1)
OMB Approval No. 2502-0265
11. type of Loan
1. ['FHA 2. ORHS 3. QConv. Unins.
4. OVA 5. Conv. Ins.
6. File Number:
7. Loan Number:
48334908
8. Mortgage Insurance Case Number:
C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items
marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
D. Name & Address of Borrower:
Ethan D. Winn and Valerie R. Winn
2134 El Dorado Way
Carrollton, TX 75006
F. Name & Address of Lender:
American Trust & Savings Bank
895 Main Street
Dubuque, IA 52001
H. Settlement Agent:
American Trust & Savings Bank
Ph: (563) 582-1841
E. Name & Address of Seller:
City of Dubuque
50 West 13th St
Dubuque, IA 52001
G. Property Location:
1501-1503 Bluff St
Dubuque, IA 52001-0312
Place of Settlement:
895 Main Street
Dubuque, IA 52001
I. Settlement Date: 11/12/2015
J. St eriary dtEkti pwews trensattlmi
100. Gross Amount Due from Borrower
101. Contract sales price
75,000.00
102. Personal Property
103. Settlement charges to borrower (line 1400)
3,655.98
104.
105.
Adjustment for items paid by seller in advance
106. City/town taxes to
107. County taxes to
108. Assessments to
109.
110.
112.
120. Gross Amount Due from Borrower
78,655.98
200. Amounts Paid by or in Behalf of Borrower
201. Earnest money
1,000.00
202. Principal amount of new loan(s)
48, 000.00
203. Existing loan(s) taken subject to
204.
205. Tax Proration Credit from Seller, Other
0.00
206. Borrower fees paid by seller
3,655.98
207.
208.
209. Seller Credit for Buyers Down Payment
1,344.02
Adjustments for items unpaid by seller
210. City/town taxes to
211. County taxes to
212. Assessments to
213.
214.
215.
216.
217.
218.
219.
220. Total Paid by/for Borrower
54, 000.00
300. Cash at Settlement from/to Borrower
301. Gross amount due from borrower (line 120)
78,655.98
302. Less amounts paid by/for borrower (line 220)
( 54,000.00;
303. Cash Li From LITo Borrower
24,655.98
Summary b# t2flet;s Tra isaetfofi
400. Gross Amount Due to Seller
401. Contract sales price
75,000.00
402. Personal property
403.
404.
405.
Adjustment for items paid by seller in advance
406. City/town taxes to
407. County taxes to
408. Assessments to
409.
410.
411.
412.
420. Gross Amount Due to Seller
75,000.00
500. Reductions In Amount Due to Seller
501. Excess deposit (see instructions)
502. Settlement charges to seller (line 1400)
2,750.00
503. Existing loan(s) taken subject to
504. Payoff of first mortgage loan
505. Payoff of second mortgage loan
506. Borrower fees paid by seller
3,655.98
507. Earnest Money Retained by Realtor
1,000.00
508.
509. Seller Credit for Buyers Down Payment
1,344.02
Adjustments for items unpaid by seller
510. City/town taxes to
511. County taxes to
512. Assessments to
513.
514.
515.
516.
517.
518.
519.
520. Total Reduction Amount Due Seller
8,750.00
600. Cash at Settlement to/from Seller
601. Gross amount due to seller (line 420)
75,000.00
602. Less reductions in amount due seller (line 520)
(
8,750.00 ,
66,250.00
603. Cash V To From Seller
The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and
reporting the data. This agency may not collect this information, and you are not required to complete this form, unless it displays a
currently valid OMB control number. No confidentiality is assured; this disclosure is mandatory. This is designed to provide the parties to a
RESPA covered transaction with information during the settlement process.
Previous editions are obsolete Page 1 of 3
www.byfesoftware.com 800-695-1008
HUD -1
1.,,,t ettlemont Charges ,.._...... _..
Paid From
Borrower's
Funds at
Settlement
Paid From
Seller's Funds
at Settlement
700. Total Real Estate Broker Fees $
Division of commission (line 700) as follows:
701. $ 1,875.00 Re/Max Advantage
702. $ 1,875.00 Re/Max Advantage
703. Commission paid at settlement $ 2,750.00
2,750.00
704. Earnest Money retained by Realtor $1,000.00 POC $
800. Items Payable in Connection with Loan
801. Our origination charge $ 714.50 (from GFE #1)
802. Your credit or charge (points) for the specific interest rate chosen " $ 480.00 (from GFE #2)
803. Your adjusted origination charges (from GFE A)
1,194.50
804. Appraisal Fee to Rally Appraisal, LLC (from GFE #3)
525.00
805. Credit Report Fee to CBC Credit (from GFE #3)
25.30
806. Flood Determination - Life of Loan (from GFE #3)
14.00
807. Appraiser's Final Inspection Fee to American Trust & Savings Bank (from GFE #3)
808. Employment Verification to The Work Number (from GFE #3)
900. Items Required by Lender to Be Paid in Advance
901. Daily interest charges from 11/12/2015 to 12/01/2015 @ $ 3.8518 /day (from GFE #10)
73.18
902. Mortgage insurance premium for months (from GFE #3)
0.00
903. Homeowner's insurance for 1.00 years to Dubuque Ins. Services (from GFE #11)
990.00
904. Flood insurance for years (from GFE #11)
905.
1000. Reserves Deposited with Lender
1001. Initial deposit for your escrow account (from GFE #9)
0.00
1002. Homeowner's insurance months @ $ per month $
1003. Mortgage insurance months @ $ per month $
1004. Property taxes months @ $ per month $
1005. Association Dues months @ $ per month $
1006. Flood Insurance months @ $ per month $
1007. Line 1003 months @ $ per month $
1008. Line 1007 months @ $ per month $
1009. Aggregate Adjustment $
1100. Title Charges
1101. Title services and lender's title insurance (from GFE #4)
730.00
1102. Settlement or Closing Fee
1103. Owner's Title Insurance to Iowa Title Guaranty (from GFE #5)
0.00
1104. Deed Preparation
1105. Lender's title policy limit $ 48,000.00
1106. Owner's title policy limit $ 75,000.00
1107. Agent's portion of the total title insurance premium to Dubuque County Abstract $
1108. Underwriter's portion of the total title insurance premium $
1109. Abstract or Title Search - Seller to Dubuque County Abstract & Title Co ("S POC)
1113. Abstract or Title Search to to Dubuque County Abstract & Title Co. $ 220.00
1200. Government Recording and Transfer Charges
1201. Government recording charges (from GFE #7)
104.00
1202. Deed $ 17.00 Mortgage $ 87.00 Releases $
1203. Transfer Taxes (from GFE #8)
0.00
1204. City/County tax/stamps Deed $ Mortgage $
1205. State tax/stamps Deed $ Mortgage $
1206. Recording Assignment/Subordination to
1207. Record POA
1208.
1300. Additional Settlement Charges
1301. Required services that you can shop for (from GFE #6)
0.00
1302. Pest Inspection Fee
1303. Radon Work ("S POC)
1304.
-
1305.
44bb. total settiettiertt Oohed (tititot of lit e§ 103, BectIdti J acid $b2, section 10:._
3,655.98
2,750.00
.O.C. (B) =Paid outside of closing by borrower; P.O.C. (S") = Paid outside of closing by seller.
`" Includes Origination Points of 1.000% or $480.00
Previous editions are obsolete
Page 2 of 3 www.bytesoftware com 800-695-1008
HUD -1
Comparison of Good Faith Estimate (GFE) and HUD -1 Charges
HUD -1
Charges That Cannot Increase
HUD -1 Line Number
Our origination charge
#
801
Credit or charge for the interest rate chosen
#
802
Your adjusted origination charges
#
803
Transfer taxes
# 1203
Charges That in Total Cannot Increase More Than 10%
HUD -1
101.00
Government recording charges
# 1201
714.50
Appraisal Fee
#
804
Credit Report Fee
#
805
Flood Determination - Life of Loan
#
806
Title services and lender's title insurance
# 1101
Even if you make payments on time, can your monthly amount
owed for principal, interest, and mortgage insurance rise?
✓ No. ❑Yes, the first increase can be on and the monthly amount
owed can rise to $ .
The maximum it can ever rise to is $ .
Does your loan have a prepayment penalty?
V No. Yes, your maximum prepayment penalty is $ .
total
Ihcteese between oft and HUb-i ciia 'ge§
Charges That Can Change
HUD -1
101.00
Initial deposit for your escrow account
# 1001
714.50
Daily interest charges
# 901
$3.85/day
Homeowner's insurance
# 903
0.00
Loan Terms
Good Faith Estimate
HUD -1
101.00
104.00
714.50
714.50
480.00
480.00
1,194.50
1,194.50
0.00
0.00
Good Faith Estimate
HUD -1
101.00
104.00
400.00
525.00
25.30
25.30
14.00
14.00
765.00
730.00
V No. ❑Yes, it can rise to a maximum of %. The first change will be
on and can change again every after
Every change date, your interest rate can increase or decrease by %.
Over the life of the loan, your interest rate is guaranteed to never be
lower than % or higher than %.
Even if you make payments on time, can your loan balance rise?
V No. ❑ Yes, it can rise to a maximum of $ .
1,305.30
1,398.30
$
93.00 or
7.12 %
Good Faith Estimate
HUD -1
0.00
0.00
73.18
73.18
1,200.00
990.00
Your initial loan amount is
$ 48,000.00
Your loan term is
15 years
Your initial interest rate is
2.929
Your initial monthly amount owed for principal, interest, and any
mortgage insurance is
$ 329.85 includes
✓ Principal
V Interest
Mortgage Insurance
Can your interest rate rise?
V No. ❑Yes, it can rise to a maximum of %. The first change will be
on and can change again every after
Every change date, your interest rate can increase or decrease by %.
Over the life of the loan, your interest rate is guaranteed to never be
lower than % or higher than %.
Even if you make payments on time, can your loan balance rise?
V No. ❑ Yes, it can rise to a maximum of $ .
Even if you make payments on time, can your monthly amount
owed for principal, interest, and mortgage insurance rise?
✓ No. ❑Yes, the first increase can be on and the monthly amount
owed can rise to $ .
The maximum it can ever rise to is $ .
Does your loan have a prepayment penalty?
V No. Yes, your maximum prepayment penalty is $ .
Does your loan have a balloon payment?
✓ No. ❑Yes, you have a balloon payment of $ due in
years on
Total monthly amount owed including escrow account payments
✓ You do not have a monthly escrow payment for items, such as property
taxes and homeowner's insurance. You must pay these items directly yourself.
❑ You have an additional monthly escrow payment of $ that
results in a total initial monthly amount owed of $ . This includes
principal, interest, any mortgage insurance and any items checked below:
❑ Property taxes ❑ Homeowner's insurance
Flood insurance ❑
❑ ❑
Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form, please contact your lender.
Previous editions are obsolete
Page 3 of 3 www.bytesoftware.com 800-695-1008
HUD -1
Itemization of Charges and Credits
Date: 11/12/2015 Loan Number: 48334908
Our Origination Charge - HUD Line 801 (from GFE #1)
Commitment Fee to American Trust & Savings Bank
4506 Processing Fee to American Trust & Savings Bank
Settlement/Closing Fee to American Trust & Savings Bank
$500.00
$14.50
$200.00
Total
Title Services and Lender's Title Insurance - HUD Line 1101 (from GFE #4)
$714.50
Abstract or Title Search to to Dubuque County Abstract & Title Co.
Title Examination to Fuerste, Carew, Juergens & Sudmeier, P.C.
Title Insurance to Iowa Title Guaranty
$220.00
$400.00
$110.00
Total
Borrower Fees Paid By Seller - HUD Line 206
$730.00
Loan Discount Points to American Trust & Savings Bank
Appraisal Fee to Rally Appraisal, LLC
Credit Report Fee to CBC Credit
Commitment Fee to American Trust & Savings Bank
Flood Determination - Life of Loan
4506 Processing Fee to American Trust & Savings Bank
Settlement/Closing Fee to American Trust & Savings Bank
Abstract or Title Search to to Dubuque County Abstract & Title Co.
Title Examination to Fuerste, Carew, Juergens & Sudmeier, P.C.
Title Insurance to Iowa Title Guaranty
Deed Recording Fee
Mortgage Recording Fee
Interim Interest
Hazard Insurance Premium
$480.00
$525.00
$25.30
$500.00
$14.00
$14.50
$200.00
$220.00
$400.00
$110.00
$17.00
$87.00
$73.18
$990.00
Total
•
Borrower Kevin Paul Flynn, Attorney -in -Fact for Date
Ethan D. Winn a/k/a Ethan David Winn
$3,655.98
Borrower
Kevin Paul Flynn, Attorney -in -Fact for Date
ie R. VVinn a/k/a Valerie Rose Winn
Borrower
Date
Borrower Date
Borrower
Date
Borrower
Date
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ADDENDUM TO HUD -1 SETTLEMENT STATEMENT
Loan Number: 48334908
Property Address: 1501-1503 Bluff St
Dubuque, IA 52001-0312
I have carefully reviewed the HUD -1 Settlement Statement and to the best of my knowledge and belief, it is a true and
accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify
that I have received a copy of the HUD -1 Settlement Statement.
\\eb1/44-1
Borrower Kevin Paul Flynn, Attorney -in -Fact for Date Sel City of Dubu ue Date
Ethan D. Winn a/k/a Ethan David Winn
Borrower Kevin Paul Flynn, Attorney -in -Fact for Date Seller Date
Valerie R. Winn a/k/a Valerie Rose Winn
Borrower Date Seller Date
Borrower Date Seller Date
Borrower
Date Seller
Borrower
Date
Date Seller
Date
The HUD -1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or
will cause the funds to be disbursed in accordance with this statement.
WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar form. Penalties
upon conviction can include a fine and imprisonment. For details see: Title 18 U.S. Code Section 1001 and Section 1010.
ADDENDUM TO HUD -1 SETTLEMENT STATEMENT
www.bylesoftware. com 800-695-1008
Prepared by: Crenna Brumwell, 300 Main Street, Suite 330, Dubuque IA 52001 563 589-4381
Return to: Crenna Brumwell, 300 Main Street, Suite 330, Dubuque IA 52001 563 589-4381
Tax Statement to:
Ethan & Valerie Winn
c/o Kevin Flynn (Power of Attorney)
2337 Roosevelt Street
Dubuque, IA 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 Ethan
D. & Valerie R. Winn, as joint tenants with the right of survivorship and not as tenants in
common, the following legally described real estate situated in the County of Dubuque,
State of Iowa, to wit (the Property):
The Easterly 90 feet of the Northerly 40 feet of Lot 3, and the Easterly 100 feet of
the Southerly 2 feet of Lot 4 in D.N. Cooley's subdivision of out Tots 667, 668 and
669 in the City of Dubuque, Iowa, according to the recorded plat thereof
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. 322-15 of the City
Council of the City of Dubuque adopted the 21st day of September, 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 day of tit ovci.J..`—''2015 at Dubuque, Iowa.
CITY OF Dl� UQU/E IOWA
J�kBy: ' ��/ (�
RoD. Buol, Mayor
Trish L. Gleason, Assistant City Clerk
STATE OF IOWA
SS
COUNTY OF DUBUQUE
On this 1") day of , V(j g�'y'�bu, 2015, before me a Notary Public in and
for said County, personally appeared Roy D. Buol and Trish L. 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
exec
i
&h17'`ww u
for Dubuque County, Iowa
PAMELA J. PJ1cC,4F#RON
Commission Nun i,cr 772419
My Comm. Exp. '.:_b_ ZC,.'1.
Prepared by: Kris Neyen, 350 W. 6th Street, Dubuque IA 52001 563 589-4239
Return to: Kris Neyen, 350 W. 6th Street, Dubuque IA 52001 563 589-4239
RESOLUTION NO. 350-15
DISPOSING OF CITY INTEREST IN REAL PROPERTY LOCATED AT 1501-03
BLUFF STREET, IN THE CITY OF DUBUQUE, IOWA
Whereas, the City Council, by Resolution No. 322-15, dated September 21,
2015, declared its intent to dispose of City interest in real property located at 1501-03
Bluff Street, legally described as:
The Easterly 90 feet of the Northerly 40 feet of Lot 3, and the Easterly 100 feet of
the Southerly 2 feet of Lot 4 in D.N. Cooley's subdivision of out Tots 667, 668 and
669 in the City of Dubuque, Iowa, according to the recorded plat thereof:
1501-03 Bluff Street
(the Property); and
Whereas, pursuant to published notice, a public hearing was held on the
proposed disposition on October 5, 2015 at 6:30 p.m. in the Historic Federal Building,
350 W. 6th Street, Dubuque, Iowa; and
Whereas, it is the determination of the City Council that approval of the purchase
agreement for the sale to Ethan D. and Valerie R. Winn according to the terms and
conditions set out in the purchase agreement is in the public interest of the City of
Dubuque.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA;
Section 1. The purchase agreement by and between the City of Dubuque and
Ethan D. and Valerie R. Winn for the sale of the Property, is hereby approved.
Section 2. The Mayor and City Clerk are hereby authorized and directed to
execute and deliver a Special Warranty Deed, conveying the City's interest in the
Property to Ethan D. and Valerie R. Winn.
Section 3. That the City Clerk is hereby authorized and directed to cause said
Special Warranty Deed to be recorded in the Office of the Dubuque County Recorder,
together with a certified copy of the Resolution.
Passed, approved, and adopted this 5th day of October, 201
(C)16-,
Roy D. Btj4 Mayor
Attest:
Kevin g. Firnstahl, City dl'erk
CERTIFICATE of tie CITY CLERK
STATE OF IOWA )
SS:
COUNTY OF DUBUQUE )
I, Kevin S. Firnstahl, do hereby certify that I am the duly appointed, qualified, City Clerk
of the City of Dubuque, Iowa, in the County aforesaid, and as such 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. 350-15 is a true and correct
copy of the original.
In Testimony Whereof, I hereunto set my hand and official seal of the City of Dubuque,
Iowa.
Dated at Dubuque, Iowa, on this 6th day of October, 2015.
Kevin . Firnstaht, C e City Clerk
(SEAL)
REAL ESTATE TRANSFER - GROUNDWATER HAZARD STATEMENT
TO BE COMPLETED BY TRANSFEROR
TRANSFEROR:
Name City of Dubuque, Iowa
Address 50 West 13th Street, Dubuque, IA 52001
Number and Street or RR City, Town or P.O. State Zip
TRANSFEREE:
Name Ethan & Valerie Winn
Address 2134 El Dorado Way, Carrollton, TX 75006
Number and Street or RR City, Town or P.O. State Zip
Address of Property Transferred:
1501-1503 Bluff Street
Number and Street or RR City, Town or P.O. State Zip
Legal Description of Property: (Attach if necessary) The Easterly 90 feet of the Northerly 40 feet of Lot
3, and the Easterly 100 feet of the Southerly 2 feet of Lot 4 in D.N. Cooley's subdivision of out lots 667,
668 and 669 in the City of Dubuque, Iowa
1. Wells (check one)
X There are no known wells situated on this property.
There is a well or wells situated on this property. The type(s), location(s) and legal status are
stated below or set forth on an attached separate sheet, as necessary.
2. Solid Waste Disposal (check one)
X There is no known solid waste disposal site on this property.
There is a solid waste disposal site on this property and information related thereto is provided
in Attachment #1, attached to this document.
3. Hazardous Wastes (check one)
X There is no known hazardous waste on this property.
There is hazardous waste on this property and information related thereto is provided in
Attachment #1, attached to this document.
4. Underground Storage Tanks (check one)
X There are no known underground storage tanks on this property. (Note exclusions such as
small farm and residential motor fuel tanks, most heating oil tanks, cisterns and septic tanks, in
instructions.)
_ There is an underground storage tank on this property. The type(s), size(s) and any known
substance(s) contained are listed below or on an attached separate sheet, as necessary.
FILE WITH RECORDER DNR form 542-0960 (July 18, 2012)
5. Private Burial Site (check one)
X There are no known private burial sites on this property.
_ There is a private burial site on this property. The location(s) of the site(s) and known
identifying information of the decedent(s) is stated below or on an attached separate sheet, as
necessary.
6. Private Sewage Disposal System (check one)
X All buildings on this property are served by a public or semi-public sewage disposal system.
_ This transaction does not involve the transfer of any building which has or is required by law to
have a sewage disposal system.
_ There is a building served by private sewage disposal system on this property or a building
without any lawful sewage disposal system. A certified inspector's report is attached which
documents the condition of the private sewage disposal system and whether any modifications
are required to conform to standards adopted by the Department of Natural Resources. A
certified inspection report must be accompanied by this form when recording.
There is a building served by private sewage disposal system on this property. Weather or
other temporary physical conditions prevent the certified inspection of the private sewage
disposal system from being conducted. The buyer has executed a binding acknowledgment
with the county board of health to conduct a certified inspection of the private sewage disposal
system at the earliest practicable time and to be responsible for any required modifications to
the private sewage disposal system as identified by the certified inspection. A copy of the
binding acknowledgment is attached to this form.
There is a building served by private sewage disposal system on this property. The buyer has
executed a binding acknowledgment with the county board of health to install a new private
sewage disposal system on this property within an agreed upon time period. A copy of the
binding acknowledgment is provided with this form.
_ There is a building served by private sewage disposal system on this property. The building to
which the sewage disposal system is connected will be demolished without being occupied. The
buyer has executed a binding acknowledgment with the county board of health to demolish the
building within an agreed upon time period. A copy of the binding acknowledgment is provided
with this form. [Exemption #9]
_ This property is exempt from the private sewage disposal inspection requirements pursuant to
the following exemption [Note: for exemption #9 use prior check box]:
_ The private sewage disposal system has been installed within the past two years pursuant to
permit number
Information required by statements checked above should be provided here or on separate
sheets attached hereto:
I HEREBY DECLARE THAT I HAVE REVIEWED THE INSTRUCTIONS FOR THIS FORM
AND THAT THE INFORMATION STATED ABOVE IS TRUE AND CORRECT.
Signature: 6AAt'Kok-0
(Transf r orent)
FILE WITH RECORDER
Telephone No.: (563) 589-6094
DNR form 542-0960 (July 18, 2012)
11
11
1
1
11
11
REAL ESTATE TRANSFER - DECLARATION OF VALUE
Please read the instructions on the reverse side BEFORE completing and filing this form.
Part I - TO BE COMPLETED BY BUYER, SELLER OR AGENT
Date of Instrument 11/12/2015 A Deed _1 ® Contract _ 2 ❑ A
SELLER: City of Dubuque, IowaPhone: (563) 589-6094
Seller Address: 50 West 13th Street Dubuque. IA 5.'001 e-mail:
BUYER: Ethan & Valerie Winn Phone: -
Buyer Address: 2134 El Dorado Way Carrollton, TX 75006 e -mail -
Address of Property Conveyed: 1501-1503 Bluff Street
Legal Description: See 1 in Addendum
Type of Sale: ❑ Sale between related parties/family
Was this a sale of AG LAND to:
❑ Sale of partial interest ❑ Trade ❑ Quit Claim Deed 0 Auction
0 Corporation 0 Trust ❑ Alien 0 Non -Resident Alien 0 Limited Partnership A
DECLARATION OF VALUE STATEMENT
1. Total Amount Paid $ 75,000.00
2. Amount Paid for Personal Property (see instructions) $
3. Amount Paid for Real Property Only (1 minus 2) $ 75,000.00 -
I HEREBY DECLARE THAT THE INFORMATION CONTAINED IN PART I OF THIS FORM IS TRUE AND CORRECT AS
DETAILED ON THE BACK OF THIS FORM .
Print ?d Name:, k t S rvV
Signature
%tkbylvtAA,
Phone #: (563) 589-6094
0 Buyer or ® Seller or ❑ Agent or 0 Attorney
PART II -- TO BE COMPLETED BY THE ASSESSOR
Primary Classification: 0 Res _4_ ❑ Com _5_ 0 Ind _2_ 0 Ag _ 1_ 0 MultiRes _7_ City/Township
Primary Parcel Number ♦ YearBlt Occ NUTC 1
A
Classification
Land
Building
Dwelling
Total
Residential
Commercial
Industrial
Agricultural
Multi Residential
Comments:
Effective On or Before 09/01/14
Iowa Department of Revenue
ISBA 57006a (07/23/14)
Addendum
1. The Easterly 90 feet of the Northerly 40 feet of Lot 3, and the Easterly 100 feet of the
Southerly 2 feet of Lot 4 in D.N. Cooley's subdivision of out lots 667, 668 and 669 in the
City of Dubuque, Iowa