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Home My WebLink About1973-02-20 Resolution111 CKc rs on x x Passed this 20 day of February 19 73 Connell Passed this jn day, of Far19 y 7a Brandt Connell Czarnecki _ Nickerson _ White Passed and approved this 20th day, of February , 19 73 . ATTEST: l .(�: �V �_ r P .I�t C {t c �� Mayor City Clerk ATTEST: r City Clerk J Mayor. y • NOTICE TO BIRDERS' • Sealed bids will be received by the City; of 101-7a City, Iowa, at the Office of :the birector of Finance :in:.the -Civic. Center until o'clock, a7tt ;. Central''Stari'dard Time , i,esdaJ' on the '20th day of ''FebYuary ,.1973- to be opened Y,en"for furnishing and delivering the following; equip ment in accordance with the:specifications'now`on: file'in the Office of the :City Clerk,, Iowa City, Iowa:'' Two (2)%a and Unused Compact Cargo Van Trucks. Trade-in o� One (i} Dodge .and One (1) Chevrolet Cargo, Van, Trucks, •ity Equipment No. `3"and 9: Copies of the.speciications and proposal forms may be obtained at the Office of the dministrative Engineer, Department of Public Works. All bids shall be filed- n forms furnished by the City of Iowa -City,.Iowa, sealed and pl inly marked "Bids for Compact Cargo Van.Trucks". Each bid.must be accompaniea in'a separate envelope, by a , cashier's ,..chec.,dray.n.on,1an_1 wa':-bankmade:: payable to the =: Treasurer of the City of Iowa it .:Treasurer Iowa, in the sum of not less than five,(5) percent of e amount of the bid as security that the )bidder.w�llenter into ontract'.coith the City of Iowa City, Iowa. Said check shall no contain any conditions either in the body. of the 'check or endor meat thereon. The envelope must be addressed to"the City Clerk and be endorsed.with,the ; name of the bidder and make'referen to the- equipment being bid., In.the:event that the,successf l bidder.,should°fail Co enter into contract or furnish bond a ceptable to the City,' Council 'as required by law ,''said check hall be forfeited to the City lof,Iowa City:, Iowa, as liquids ed damages. Bids may ;be. withdrawn. at any time ,.prior'to'the scheduled closing time for receipt 'of- bids, "but no bi may be withdrawn for a period of thirty (30) calendar days thereafter. The cashier's :checks'of the,unsuccessful.bidders will be returned within, three (3) days. after award of contract. The check of the successful bidder'willbe'returned 'after 'execution of the contract in the form prescribed by the City Council. Payment for the, unit,will be made within thirty (30) days after acceptance by'thetCity Council. The City of Iowa City reserves the right to waive any irregularities when by so doing it would be in the best interest of the City,', and to reject any or all bids. CITY OF 'IOWA CITY, 'IOWA ayor ATTEST: 9 NOTICE OF PUBLIC HEARING ON PLANS, SPECIFICATIONS AND FORM OF CONTRACT 'FOR WM, WHITE BLVD. STORM SEWER ASSESSMENT PROJECT IN THE CITY OF IOWA CITY, IOWA TO ALL TAXPAYERS OF THE CITY OF IOWA CITY, IOWA, AND TO OTHER .PERSONS INTERESTED: Public notice is hereby given that the City Council of the City of.Iowa City, Iowa, will conduct'a public hearing on plans, specifications,and form of contract for: the construction of WM. WHITE BLVD. STORM SEWER ASSESSMENT PROJECT in; said City at 4:00 o'clock p.m:, on the 20th day of February , 19 73 said meeting to be held in the Council Chambers in the Civic Center in said City. ' Said',plans, specifications and form of contract ,are now on. .file in the office of the Clerk in the Civic Center in Iowa City, r Iowa, and may be inspected by any persons interested. r Any persons interested:may appear at said meeting of the City Council for the 'purpose of making objections to said plans, specifications or contract or the:cost:of making improvement,. P n said; improveme This notice given by order of the.City Council of the City of Iowa City, ,Iowa. Abbie'Stolfus° City Clerk of Iowa ,City, Iowa •'s I PH -01 L PH -1 _ 4 RESOLUTION No. 73_61 RESOLUTION ADOPTING PLANS, SPECIFICATIONS & FORM OF CONTRACT WHEREAS, on the', 6 day -of Feb. 19 73 , plans, specifications and formes nontract.were i ed with the Clerk of Iowa City, Iowa, for the construction of the .1973Sanitarvt5'ewer Proiect'#1 within Iowa City, Iowa; and , • WHEREAS, notice of hearing on plans, specifications and form of contract was published as required by law: ra NOW, THEREFORE,, BE IT RESOLVED BY THE CITY COUNCIL OF " THE CITY OF IOWA CITY,IOWAo That the said plans, specifications and form of"contract are hereby approved as the plans,, specifications and form of; Contract' -for said improvements. PASSED AND APPROVED, this- 2O day. of 19 73: Mayor ATTEST: - City Clerk L 1'�*i Downtown belongs to all of us, not just the business community as some critics would have it. All of us have already made a tremendous committment to downtown in((one way or another. We cannot 'allow those committments to go unprotected or to waste. Downtown belongs to all of us, not just the business community as some critics would have it. All of uhave already made a tremendous committment to downtown in one way or another. We cannot allow those committments to go unprotected or to waste. 0 Connell Czarnecki Hickerson White Passed and approved this ' 20th day of ATTEST: Mayor .City Clerk February , 19 73 Rodney R. Parsons Real'Estate Coordinator'; F, • :Pel 84-8 r To:, File Johnson.CountyRealty From: RodneyParsons Subject: Appraisal review setting F.M.V. { 'The Waters appraisal at $265,000.00 and the IAR Co..ap'aisal Pr at $210,000.00•are'26% apart. Both appraisers agree thatthis buildings. economic life is at an end and that the property is basically worth land value less demolition costs. The $55;000'.00 -difference in'the appraisals comes ;from Waters valuing,the land at $18.00 per square feet and IA1 Co. valuing. it at $1500 per square .feet plus a $10,000 ,difference in demolition costs. In reviewing the appraisals I find that the appraisers used two of the same Com arables"and the third com ara r a P blas were P little unusual., IAR Co. used.the'lst National Bank parking lot, :': Comparable 'as a Com a at '' p $il. ooper square feet.- Since'this purchase- wa < a s made- in .1962 'itiwas -ti raded for time, as'w pg were his, other two Comparables, to $15,00 per square;;' feet. It is my feeling `- `that he Asa'aittle'lowdue to'locatioin'and`corner-influence ,_ . conversely, .Waters third Comparable was' a portion now housing,. Things, Things''and•,Things.` :This 'is unusual in that it .is r generally accepted as ,being an extra ordinarily high price; along with being a smaller;,pie'ce,`.of ground being purchased to Tadd to`another lot.'' I therefore feel that due'to the'size of.the lot', larger par- cels uaually.,selling for foot, that ;`a suggested ,.. price per square .foot of $17.60,wouldbe more',accurate-. We then have, 15, 0W sq.ft,. , x $17.00 is $ 21je Sc From this figure must be subtracted the cost 'of demolition. I -contacted the Gee Grading Co. of Cedar Rapids,'.Iowa, and based on building having aground floor area of 8,699 square feet and a total"building area of 25,388 square feet per the IAR Co.,,'appraisal, they estimated the demolition costs at $12,000.00. Recommended Fair Market Value $255,000.00 less demolition 12 000.00 243;00 .00 Whether there are or are not leaseholds is a matter of law and so leaseholds have not been subtracted from,the Market. Value. The Johnson County Realty Co. has cancelled the Burkley;Hotel Co. lcaso with Mr. Davis for non-payment of rent so no leaseholds are considered under the premis that a' sub -lessee's interest can not hq greater -than the lessee's. Rodney R. Parsons Real'Estate Coordinator'; I 11lW �. Ji1L 11 �. iAyl Owner. Johnson Couirt�ealt Iowa. R714. Lot Size:Same X., 1—f Fly, •. UseSame: X )i _ 15,000 Sq. Ft. ' Appraiser: A B Date of Appraisal 6-14-72 8-15-72 Total Value $ 220:908.00 $ '275,908.50 Land. $15.00PSF $225,000.00 $18.00PSF $270,000.00 improvements Minus Demolition _$ 15,000.00 _$ 5,000.00 '. Total R.E.` Appraisal $210,000.00 $265,000.00' Leasehold.Interest Burkley Hotel- $ 31700.00 $ -0- Cahill- $ 9,000.00 $-0- Spelman- $ 7,300.00 $ -0- Bus Depot- 552.50) Fixtures Cahill -1. $ 2,520.00 Hawkeye Barber- 2. $ 3,689.00' Bushnel1's-` 3 $.1;207.00 Jewelry- ,. Leased Fee 2;940.00 $190.000. $265;000.00Total $10,908.50' Total Leasehold Interest $"20.000.00 $ -0- =:a: INCOME Actual Rent _ $ 23,609.00 :. Estimated Rent $ $ ;: Expenses $ $ Net Income $ $ Cap. Rate ro Value Today $ N/A $ N/A MARKET DATA A B Comps. 1.Based on' @13.89PSF 1. #1 012.00PSF 1967 Purchase 2,Price. @11.00PSF 2. #2 @13.89PSF 3. @12.08PSF 3. 43 019.43PSF $PSF 18.00 Value $210,000.00 ( $270,000,00 Roviewc rl w... /rr w_Zate 12-4-72 i