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Iowa - Northwestern Devel DeedMEMORANDUM February 28,2002 TO: FROM: SUBJECT: The Honorable Mayor and City Council Members Michael C. Van Milligen, City Manager Purchase of Lots 1, 2, 3 and 4 of Carter Valley West (Iowa-Northwestern Development Company) Corporation Counsel Barry Lindahl has successfully concluded the City's acquisition of Lots 1, 2, 3 and 4 of Carter Valley West from Iowa-Northwestern Development Company for a future stormwater detention facility. I respectfully recommend acceptance of the deed. MCVM/jh Attachment cc: Barry Lindahl, Corporation Counsel Cindy Steinhauser, Assistant City Manager Barry A. Lindaltl, Esq. Corporation Counsel Suite 330, Harbor View Place 300 Main Street Dubuque, Iowa 52001-6944 (563) 583-4113 office (563) 583-1040 fax balesq~mwci.v, et February 28, 2002 Mr. Michael Van Milligen, City Manager City Hall - City Manager's Office 50 West 13th Street Dubuque, iA 52001 RE: Purchase of Lots 1, 2, 3 and 4 of Carter Valley West (Iowa-Northwestern Development Company) Dear Mike: Enclosed is a resolution accepting the deed to Lots 1, 2, 3 and 4 of Carter Valley West from Iowa Northwestern Development Company. The property was purchased for the appraised value of $72,000.00. The property is being purchased as a potential site for a stormwater detention facility on Carter Road. Very Sincerely, Corporation Counsel BAL:tls Enclosure CC: Mike Koch, Public Works Director Gus Psihoyos, Assistant City Engineer Ken TeKippe, Finance Director Service People Integrity Responsibility Innovation Teamwork Preparer: Barry A, Lindahl Address: Suite 330, Harbor View Place 300 Main Street Dubuque, IA 52001-6944 Telephone: (563) 583-4113 RESOLUTION NO. 108-02 ACCEPTING THE DEED TO CERTAIN REAL ESTATE IN DUBUQUE COUNTY, IOWA FROM IOWA-NORTHWESTERN DEVELOPMENT COMPANY Whereas, the City of Dubuque entered into an Agreement on January 31, 2002 with Iowa-Northwestern Development Company for the purchase of certain real property in Dubuque County, Iowa, described as follows: Lots 1, 2, 3 and 4 of Carter Valley West in the City of Dubuque, Dubuque County, Iowa; and Whereas, the terms of the Agreement have now been met. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA, AS FOLLOWS: 1. The City of Dubuque, Iowa, hereby accepts the Deed from Iowa- Northwestern Development company, a copy of which is attached hereto. 2. The City Clerk is hereby authorized and directed to record this Resolution and the Deed with the Dubuque CountY Recorder. Passed, approved and adopted this 4th day of March, 2002. Terrance M. Duggan, Mayor Attest: Jeanne F. Schneider, CMC City Clerk