HomeMy WebLinkAbout2002-06-06 Resolution Prepared by: Doug Boothroy, HiS, 410 E. Washington St., Iowa City, IA 52240 (319) 356-5121
RESOLUTION NO.
RESOLUTION OF INTENT TO CONVEY A SINGLE-FAMILY HOME LOCATED AT
1821 B STREET AND SE'II'lNG A PUBLIC HEARING FOR JUNE 11,2002.
WHEREAS, the City Council of the City of Iowa City functions as the Iowa City Housing Authority; and
WHEREAS, on September 14, 1993, the City Council considered and passed Resolution No. 93-255
proving the Section 5H Implementing Agreement for the conversion of public housing to private
ownership, also known as the Tenant to Ownership Program; and
WHEREAS, under this agreement the proceeds from such sales must be used to expand affordable
housing opportunities in Iowa City; and
WHEREAS, the Iowa City Housing Authority owns a single-family home located at 1821 B Street, Iowa
City; and
WHEREAS, the City has received an offer to purchase 1821 B Street for the principal value of $210,000
which is the appraised value of the property; and
WHEREAS, this sale will provide the opportunity for Iow-income persons with disabilities to obtain
ownership of a home specifically designed to meet their needs; and
WHEREAS, sale will be either directly to said individuals, or to the Extend the Dream Foundation for the
benefit of said individuals.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY,
IOWA, THAT:
1. The City Council does hereby declare its intent to convey a single-family home located at 1821 B
Street, Iowa City, Iowa also known as Lot 6, Block 39, east Iowa City, for the sum of $210,000.
2. A public hearing on said proposal should be and is hereby set for June 11, 2002 at 7 p.m. in the
Emma J. Harvat Hall of the Civic Center, 410 E. Washington Street, Iowa City, Iowa, or if said
meeting is cancelled, at the next meeting of the City Council thereafter as posted by the City
Clerk, and that the City Clerk be and is hereby directed to cause notice of said public hearing to
be published as provided by law.
Passed and approved this day of ., 20
MAYOR
,~P~roved ~
CITY CLERK City Attorney's Office