HomeMy WebLinkAbout1973-09-24 ResolutionRESOLUTION No. 73-418 I
RESOLUTION AUTHORIZING EXECUTION OF CONTRACT
WHEREAS, the City of Iowa City, Iowa, has negotiated a contract with
Equal Employment Opportunity Comm. ,.a copy of said contract being attached
to this Resolution and by this reference made a part hereof, and
WHEREAS, the City Council deems it in the public interest to enter
into said contract.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL.
1. That the Mayor and City Clerk are hereby authorized and directed
to execute the Agreement with the Equal Employment Opportunity Commission.
2. That theCityClerk shall furnish copies of said Agreement to any
citizen requesting same.
It was moved by Hickerson and seconded by Czarnecki that
the Resolution be adopted, and upon roll call there were:
AYES: NAYS: ABSENT:
Brandt
(1dHjWKK
Butherus'
Czarnecki
Hickerson
White
Passed and approved this 25th
ATTEST:
day of September ;,1973
J.. _ Mayor
City Clerk
i
RESOLUTION NO, 7 /
RESOLUTION AUTHORIZING EXECUTION OF CONTRACT
WHEREAS, the C
e Iowa it
Y of Iowa City, Iowa, has negotiated a'contract with
thCivil Ri hts
Commission , a copy of said contract being attached
to this Resolution and by ,this reference mad
WHEREAS, e a part hereof, and
the City Council deems
it in the public interest to enter
into said contract,
NOW,THEREFORE BE IT RESOLVED BY THE CITY COUNCIL.
1•
That the Mayor and City Clerk are hereby authorized, and directed
to execute the Agreement
with the Iowa Civil Ri hts
Commission
2• That the City Clerk shall
furnish copies of said
Agreement to any
citizen requesting
" same.
It was moved by Hickerson
the Resolution be adopted and seconded b
and upon roll call there were
Ute--_ that
AYES N
AYS:
ABSENT:
Y
Brandt
�C Butherus
X Czarnecki
x Hickerson
White
Passed and approved this 25th
day of September 1973
1 �
v
ATTEST: f, ��, Mayor ll�lG
City Clark
L'
RESOLUTION N0, 73_474 /
RESOLUTION AUTHORIZING EXECUTION OF CONTRACT
WHEREAS, the City of Iowa City, Iowa, has negotiated a contract with
the Iowa Civil Ri hts Commission a'copy of said contract being attached
to this Resolution and by this reference made a part hereof, and
WHEREAS, the City Council deems it in the public interest to enter
into said contract.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL.
1• That the Mayor and City Clerk are hereby authorized and directed
to execute the Agreement with the Iowa Civil Ri hts Commission
2• That the City Clerk shall furnish copies of said
Agreement to any
citizen requesting same.,
It was moved by Hickerson
the Resolutlon'be adopted, and ,upon rolland
callseconded
there wereut —' that
AYES: NAYS: ABSENT:
X
X Brandt
X Butherus
X Czarnecki
X Hickerson'
White
Passed and approved this 25th day of September
1973
ATTEST: .��. '' / Mayor
City Clerk
5
i
ce IS ..Cleby given that, pursuant to regulations of tJc
aer•,; Jepartment of Housing and Urban Development, a i.ear'
City Council of Iowa City, Iowa, acting as the Local Pu�hL':
+ uncy undertaking Urban Renewal Project Iowa R-14, on a propose
u,odification to City -University Urban Renewal Plan, Project \ami,r•
Iowa R-14, which plan was duly adopted by Resolution N 2157 c:
Public Agency on October 2, 1969, aria
ed by Resolution 11 72-159 and 11 73-173, passed and approved oy t..�
City Council of Iowa City, Iowa, on _April 18, 1972, andonflay<.,
1973, respectively, will be held at the City Council Chambers,
C.vic Center, Iowa City, Iowa, at 4:00 P.M., on September 25, ;973.
';i,e purpose of the hearing is to modify certain aspects of_t1-,e
6i -ban Renewal Plan to permit multi -family residential uses at t..o
bround floor level south of Burlington Street between Linn Street
anthe east half of Block 93 within the Project Area.
.he Urban Renewal Plan and the proposed modifications are noir
ava.i able for examination at the office of the City Clerk and'tl:r
o::ice of the Department of Urban Renewal. Any person or organiza
Ston desiring to be heard will be afforded an oppor-tunity to be
;.eurd at said hearing.
Dated at Iowa City, Iowa, this (3 11 _day of Jr._r°f'• 1973.
Abbie Stolfus, City Clerk
Dates:
RESOLUTION NO. 73-420
RESOLUTION MODIFYING URBAN RENEWAL PLAN
FOR PROJECT; 'IOWA R-14
(Third Resolution) _
WHEREAS, the City of Iowa City, Iowa, acting as Local Public Agency, -
hereinafter referred to -as the LPAP has"entered'-intoa' contract for
Loan and Grant with the United-States__of America -for --the-implementation
of an Urban Renewal Project known as Project No. Iowa R-14, and
WHEREAS, the City Council of Iowa City, Iowa, has previously adopted
and approved an Urban Renewal Plan for said Project, which Urban -
Renewal_- Plan,was adopted and approved in Resolution No. 2157, passed
by the City Council of Iowa City, Iowa, onOctober2, 1969, which
Plan was modified and amended by Resolution No. 72-159, passed and
approved by the City Council of Iowa City ,'Iowa, on April 18, 1972,
which Plan was modified and amended by Resolution 73-172, passed and
approved by the City Council of Iowa City, Iowa, on May 1, 1973,
which Plan and modifications attached- hereto are now :on filewith
the City Clerk of Iowa City, Iowa, as the official plan for Urban
Renewal Project Iowa R-14, and
WHEREAS, _certain further modifications of said Urban Renewal Plan
have been proposed, and -
W11BREAS, a public hearing has been held by the City Council of Iowa
City, Iowa, on the desirability of said proposed modifications, and
WHEREAS, the LPA 'deems it desirable, necessary, and in the public
interest that theUrban Renewal Plan for Project No. Iowa R-14 be
modified as follows:
Add -as a permitted use, in the Central Business Service
Area south of Burlington, between Linn 'Street and the east
one half of Block 93, multi -family residential uses at
or above the ground floor level. This change will enhance
the flexibility of redevelopment in the Project Area.
NOW, THEREFORE, BE IT RESOLVED_BY THE; CITY COUNCIL OF_IOwA_CITY, IOWA,
acting as the Local Public Agency, that the Urban Renewal Plan of
the City of Iowa City, Iowa, for Urban Renewal Pro7ect No. Iowa R-14
approved and adopted ,by Resolution No. 2157 on October 2, 1969, and
as modified by Resolution No 72-159 on April, 18, 3.972, and by Reso-
lution No. 73-172 on May 1, 1973, be modified'` further as follows:
1. Section C.,2.,a.,(2) Central Business Service Area, the
first paragraph thereof beginning, "...T e central usiness service
area..." is hereby amended by deleting "...and..." in the third line'
and by adding "...and to permit multi -family residential development..
after the words "...auto -oriented uses..." Said paragraph, as modi-
fied, shall read as follows:
The Central Business Service Area is intended to
allow for the orderly_ expansion of the Central
Business District, to provide space for supporting
retail and auto -oriented uses, and to _permit
multi -family residential development,.
2. Subsection C.,2.,a.,(2) Central Business Service Area, the
_ second paragraph thereof beginning " .Permitte Uses:.. -is here-
by amended by the addition of the following, sentence at the end of
the paragraph:
Also permitted in the CBS district are mutl-family
residential uses at the ground floor level and
above, between Linn Street and the east half of
Block 93.
Resolution No. 73-420
Page 2
- 3. Subsection C.,2.,b., Addtional Controls and Ob ectives,.
_Central Business Service.Area' Area -4,-the irst-provision t ereof
beginning "...Provide for the orderly expansion...," is hereby amend-
ed by deleting _"... and..." and "...uses..." from line three and by
adding the following phrase at the end of the sentence: "...and
multi -family residential uses..."Said paragraph as modified, shall
-
read as follows:
Provide for the orderly expansion of the Central
BusinessDistrictby permitting such activities
as retail, office and multi -family residential -
uses.
The City Manager is hereby authorized and directed to make the above
modifications in -the _Urban Renewal Plan, to cause the proper pro -
claimer -certificate to be executed, and to notify the federal Depart-
ment of Housing and Urban Development of the modification.
The above foregoing modifications of the Urban Renewal Plan are here-
by approved and said plan modifications are effective immediately.
The City Manager is further directed to cause a -copy of the amendment
approved herein to be filed with the City Clerk.
It was moved by Butherus - and seconded by Hickerson` that the
resolution as read e adopted, and upon roll call there were:
AYES: NAYS: ABSENT:
X BRANDY
X BUTHERUS
X CZARNECKI
X HICKERSON
X - WHITE
Passed and approved this 25th day of-_ September , 1973
MAYOR:
f✓! �.�
ATTEST:
City Clerk
PROCLAIMER CERTIFICATE
RELATIVE TO URBAN RENEWAL PLAN
MODIFICATIONS
3, John B. Klaus, the duly appointed, qualified, and acting
Director of Urban Renewal, City of Iowa City, Iowa, herein
culled the "Local Public Agency," hereby certify that I have
been authorized by Resolution No. 70-433, duly adopted by the
Governing Body of the Local Public Agency Iat a regular meeting
on December i, 1970, as set fortis in the minute book on
tyle at theofficeof the City Clerk, _to,make the following
certification and that the statements contained herein are
true and correct to the best of my knowledge and belief:
1. Attachment A, attached hereto as part hereof, comprising
3 pages and dated September 25,-1973, is -a -true and
correct copy.of modifications to the Urban Renewal Plan for -
City -University Project I, Iowa R-14. Such Attachment r\
reflects all modifications to'the Urban Renewal Plan since
October` -2, 1969, to date, and the _official proceedings respec-
ting the local approval of such modifications is on :file,in_-
the office of the City Clerk located at the Civic Center, Iowa
City, Iowa.
2. A copy of the Urban Renewal Plan as so modifiedisfiled
and available forpublicinspection in the office of the City,
Clerk located at the Civic Center, Iowa City, Iowa.
3. Documents in the files of the Local Public Agency indicate
ti:at the following actions have been completed regarding the
amendment of the Urban Renewal Plan as informally concurred in
by HUD representatives Sue Brown and Larry Heeren on June 5, 1973,
and as approved by the localgoverningbody of the municipality on
September 25, 1973.
a. The modified Urban Renewal Plan has beenreviewedby the
Local Public Agency andhasbeen found to conform to the
objectives, plan, or priorities established in the Workable
Program for Community Improvement, and the City Council of.
Iowa City 'has concurred in such finding,
b. The major land uses, major circulation system, and major
public uses and facilities shownin the modified Urban Renewal
Plan have been reviewed by the Local Public Agency and have
been found to conform to those in the general plan for the
- development of the locality as a whole and the City Council
of Iowa _City has concurred in such finding,
C. No development has yet taken place in theprojectarea and therefore the Local Public Agency has not
secured written concurrence in the modification by
any redevelopers determined by the Local Public
Agency counsel to ,be affected by --the modification,
d. There are no outstanding restrictive covenants or
recorded plats affected by the modification in the
Urban Renewal Plan.
4: The local governing body and project area 'committee
were provided with written notification of this amend-
ment 14 days prior to theeffectivedate of this change.
A copy of the final amendment was provided to the local
governing body and Project Area Committ
1973 ee on September 4,
S. The Plan Medications did not alter data previously presented
on Form HUD -6120, Summary of Project Data. Therefore a
new Form HUD -6120 has not been submitted.
6. All plan modifications have been submitted to the Planning
and Zoning Commission. 'However; nozoning action was
necessitated by the modifications.
Any false statement made knowingly herein may subject the
signer to civil penalties under Section 231 of Title 31 of
the United States Code and, if such _statements. -are -made will-
fu1lly, and knowin -
g y, to conviction for a felony under Section
1001 of Title 18 of the United States Code.
John B. Klaus
Director of Urban Re ewal
- _ City of Iowa City, Iowa
i, jonn_IV. Havek, counsel to_the-above-named Local Public
Agency and duly licensed to practice law in the State of
Iowa, join with -the above-named officers in:certifying to
the truth and accuracy of paragraphs _1_and 2_above. It
ismyopinion that all of the procedural requirements, ap-
provals and other actions and formalities _-required under
State and local law to make the modified Urban Renewal Plan
legally and effective have been duly fulfilled, taken and com-
pleted, as thecasemay be. To my knowledge, there is no
pending or, threatened litigation of, any kind concerning the
modified Plan or the City -University Project I.
An additional legal opinion respecting the modified Plan
bearing the same date as the opinion herein has been signed
and submitted 'by me to the Local Public Agency and is on
file and available for,; public_ inspection in the office of
the City Clerk located at the Civic Center, Iowa City, Iowa.
The additional opinion conforms to the, opinion herein but is
set forth in expanded detail,and, if submitted to HUD, would
comply with all applicable current requirements of said De-
partment relative to the submission of legal opinions in sup-
port of the initiation _and _continuation of Federal assistance
to urban renewal projects under Title I of the Housing Act
o�i 1949, as amended to date.
- Any false' statement made knowingly herein may subject the
signer to civil penalties under Section `231'of Title 31 of
the United States Code and, if such statement are made will-
fully and knowingly, to conviction for a felony ,under Section -
1001 of Title 18 of the United States Coder
Z/5773- _ _ l_ L
DateJo} n 14. Hayek
`orney-at-Law
MODIFICATIONS TO URBAN RENEWAL PLAN
URBAN RENEWAL PROJECT IO{VA R-14
As Modified
The Urban Renewal Plan for Urban Renewal Project Iowa R-14 as pre-
viously modified is hereby further modified as follows:
Under Section C.,2.,a.-,_(2) Central Business Service Area, the first
paragraph thereof beginning,, e_centra business service area" is
hereby amended by deleting "...and " in the third line and by
adding "...and to permit multi -family residential development.."
after the words "..auto -oriented uses..." Said paragraph, as
modified shall read as follows:
The central business service area is intended to
allow for the orderly expansion of the central
business district, to provide space -for supporting
retail and auto -oriented uses, and to permit multi-
family residential development:
The second paragraph of Section C.,2.,a.,(2) Central Business Ser-
vice Area, beginning, "Permitted Uses:.." is ere y amended y the
aeon of the following sentence at the end of the paragraph:
"Also permitted in the CBS district are multi -family -residential
uses at the ground floor level and above,, between Linn Street and
the cast half of Block 93." -
Section C.12 -.1b., Additional Controls and Objectives Central
Business Service Area Area 4, paragrap 1,_is_ hereby amen e by
eleting ..an.. an ..uses.." from line three and by adding
the following_ phrase at the end of the sentence: "..and multi-
family residential uses.." Said paragraph, as modified, shall
read as follows:
--Provide for the orderly expansion of the Central
Business District by permitting such activities as
retail, office and multi -family -residential uses.
September, 1973
t�it'1�:AY�V�J 'W u.LuAiv.-tLC:\�l{'�f
URBAN RENEWAL PROJECT IOIVA R=14
As Modified
,he Urban Renewal Plan for Urban Renewal Project Iowa R-14 as previously modi-
fied is herebyfurthermodified as follows: - -
Under Section C.,2.,a.,(2) Central Business. Services Area, the second -paragraph -
thereof beginning, "Permitted Uses:" is hereby amended by deleting the following
Words at theend thereof: "...and dwelling units on -the ground floor and above,
-- is constructed for senior citizens, in the western half of block 103." Said
paragraph as modified shall read as follows: - -
Permitted Uses: All uses otherwise permitted in the Central Business
District Core will be allowed in the Central.Business Service Area. In
addition, auto -oriented activities will be allowed, including auto repair
garages, autoservicestations; parking lots or. garages, transportation
depots, car wash establishments, motor vehicle sales, ,and other similar
and compatible supporting retail and auto -oriented, uses.:
Subsection C.,2.,b., Additional Controls and Objectives, is hereby amended by :
deleting from the subparagraph entitled Co,-tral Business Service Area, Area 4,
t::o following sentence: -- Provide for residential.rcdevelopment in that area
s.notin on Land Use Map, Exhibit R -213-B, with density up to 100 dwelling units
per acre.
Subsection D.,l.,c., Conditions Under 111.% ich Property Idontificd to be Acquired
M:y m
be Exempted from Acquisition, is hereby aended by adding after the last
sentence thereof the following sentence: --,Properties presently designated
for acquisition in the Urban Renewal Plan may be deleted at any time, without
entering into any agreement with the owner(s),:if- such -deletion is determined
by the governing body of the Local Public Agency to be in the best interests
of the Project.
The Land Acquisition Map, designated as Code R -213-D1, shall be modified to
_show the deletion of the following parcels from those to be acquired by the
Local Public Agency:
Block Number Parcel Number
65 S - _-
81 14,16
82 16,17,18
9.3 4,5,6,8,9,10,13
94 4,6,7,8;
101 1,2,3,16
103 2,10,11,12
The Land Use Plan Map, designated as,Code :R -213-D, is modified to show the block
bounded by Burlington on the north, Capitol on the cast, Court on the south and
Madison on the west to be in Development Area n4 instead of Development Area n3.
Said block shall also be changed in subsection C.,2. -,a. and b., of the Urban
Renewal Plan from the "University Area" to the "Central Business Service Area."
973
va/, 1
,MODIFICATIONS TO URBAN RENEWAL PLAN
URBAN RENEWAL PROJECT NO. IOWA R-14
The Urban -Renewal -Plan -for Urban Renewal Project No.
- .Iowa -R-14. is. hereby.. amended as follows: ' Under Section C.,
2., a., (2), "Permitted Uses", "Central Business Service
Area", after the words "...and other similar and compatible
supporting retail and auto -oriented uses...", add "...and
dwelling units on the ground floor -and "above, if constructed
for senior citizens, in the western half of Block 103.°
Section C., 2., b., of the Urban Renewal Plan is
amended by adding the following under "Central Business
Service Area, Area S. "The developmentofthis area -
should... "Provide for residential redevelopment in that
area shown onLandUse Map, Exhibit R -213-B, with density
up to 100 dwelling units per acre."
Under Section D. 1., b., "Conditions Under Which
Property Not Designated for Acquisition May be Acquired",
after the words "...Urban Renewal Plan, Property Rehabili-
tation Standards, and Local Codes and Ordinances... add
..or if the acquisition of such property is necessary to
accomplish the objectives and goals, of the Urban Renewal
Plan and the acquisition -of such property is necessary for
one or more of the purposes set forth in subparagraph D.,
1., a., of the Urban Renewal Plan."
Under Section D., 1., a., "Property Proposed To Be
Accuired" add a new subsection (5) as follows: "To pur-
chase vacant land in order to assemble land into parcels
of adequate size and shape to meet contemporary development
needs and standards amid -to-allow new construction'to meet
the objectives of this Urban Renewal Plan."
April, 1972
RESOLUTION N0.
RESOLUTION ESTABLISHING_ FAIR MARKET VALUE FOR ACQUISITION
OF
CERTAIN URBAN RENEWAL--PROPERTY
WHEREAS, the City of Iowa-City, acting.as the Local Public
Agency, hereafter referred to as the LPA, has entered into a
contract for loan and grant with the United States of America
for the implementation of an urban renewal project known as
Project Number Iowa R-14 and,
WHEREAS, in order to accomplish ,the goals and objectives of
that urban renewal project and in furtherance of the public
welfare, the LPA deems itznecessary and in _the public interest
to acquire the property described below, either by purchase or
by the exercise of the powers of eminent domain, and,
- WHEREAS, the LPA has received appraisals, staff reports and
recommendations concerning the fair market- value`of certain
property contained therein, and has reviewed the`appraisals,
-
and reports, and being familiar with the property identified'
below, desires to establish the fair market value of said
property for the purposes of acquisition.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF IOWA
CITY, IOWA, that the prices,and amounts opposite each parcel of
land, and all interests therein, including improvements, build-
ings, and fixtures, identified below; is hereby declared to be
the purpose of acquisition of each
the fair market value for
said parcel and all other interests.
TheStaffof the LPA is.hereby.authorized to begin negotia-
tions for the purchase of said property and the_, Mayor and City
Clerk are authorized to contract for the purchase of said pro-
perty. In the event negotiations for purchase are unsuccessful,
the LPA Staff and the Urban Renewal Attorney are hereby author-
ized to institute condemnation proceedings for the acquisition
of said property.
P:ircCI No. 101-13 Aildr�
0 East Court •
APPItAISAI. RLVIIiW r;
.Owner. Riciar . & Ellen
E. Falls
Iowa R-14
I,ot
Si zc: Sallie X Dit. H.U.
Use SameX,Dif.
Appraiser: A Waters
n IARCO
Irate oI Appraisal
2/24/71
6/5/73
Tol:1I V;iluc
$ 27:000:00
$ 32.000.00"
Laud
$ 3.13 PSF, $ 10.200
$ 3.50 PSI: $ J-1-.400 —
i it vcw `t.s
Iii �n
$ 16,800
$ 20,600
.I•ul.:il R.h. Appraisal
$ 27,000
$ 32.000
Lcaschuid Interest
$
$
$
$
Fixtures ]. S
2. $
3. $ .
Tnlal Leased Fee
$
$
Tut';il Le;Ischold Interest.
$ 27,000
$32,000
INCOME
AClua I Rent
$
FstiIli atcd Rent
$ 4,560
$ 5,100
Hxpenscs
$2,209
$ 2,253
Not Income
$2,351
$ 2,847
Cap. Rate
8 %
9 $
Value Today
$29,400
$32,000
MARKET DATA
A
I1
Comps. 1. 56
@ 10.6$SF 1. 40
@ 25% I'S I:
2. 58
@ 11'.1TSF 2. 46-A
@ 50% PSF
3. 61
61.2.40 PSF 3. 42
@ 25% PSF
•$PSF---
12.25
+
Value
24,500
33,000
Reviewer R. Parsons Date 9/18/73
j
PROCLAIMER CERTIFICATE
RELATIVE TO ESTABLISHMENT OF FAIR MARKET VALUE
FOR PROPERTYr TO BE ACQUIRED
I, C.L. Brandt, the duly elected, qualified and acting
Mayor of the City of Iowa City, herein called the "Local
Public Agency,"'hereby 'certify that I have been authorized
by Resolution No. 70-438, duly adopted by the City Council
of the Local Public Agency at a regular meeting on
December 1,'1970, as set forth in the minute -book on file
at'the office of the City,Clerk,',to make the following
certification and that the statements contained herein are
true' and correct to the best of,my knowledge and belief
1.' Each parcel, City -University Urban Renewal Area, Project
No. Iowa R-14, listed in the attachment to this proclaimer
certificate 'has been appraised by at least two qualified,
independent,,professional real estate appraisers and a
written and 'signed copy of each such appraisal is con-
tained in the Local Public Agency.files.
2. Each such appraisal has been reviewed by E. Norman Bailey,
a qualified review appraiser under contract to the Local
Public Agency, and all corrections, revisions, or additions
requested by such reviewer.have been made by the original
appraisers.
3. The re vi ewer' has prepared a written report which indicates
that the appraisals are complete and'consistent,in the
factual data contained therein, comply with existing
statutory and administrative requirements of the Depart-
ment of 'Housing and Urban Development,' and are acceptable
for the determination of fair market value.
4. Based upon such appraisals and the review thereof, the
Local Public Agency has established the fair market of
each parcel listed herein and all documentation related
to such determination is contained' in the Local Public
Agency files.
S. The latest budget amount allowable for real estate acqui-
sition including amounts available in contingencies as
approved by ,HUD on March 1, 1971 is not exceeded by the
sum of the following:
a. Cost of property previously acquired.
b. .Acquisition prices previously approved by HUD for
properties not acquired.
C. Fair market value determinations previously made by
the LPA for properties not ,acquired 'but included in
prior proclaimer`'certificates.
d. Fair market value determinations for properties
included .in the proclaimer being filed.
e. The acquisition prices of the remaining properties
to be acquired as those prices were estimated for
the purpose of the above mentioned budget amount
allowable for real ,estate acquisition.
6. This certificate is issued pursuant to and consistent with
HUD 'Omaha Area Office letter 7.2 PTR(ET), dated April 27,
1971,, regarding use of the proclaimer'system by the LPA.;
LISTING `S F PARCELS TO BE ACQUIRED
PARCEL NUMBER % ::AREA IN 'SQUARE FEET
93-1 2,726
101-5 3,150
101-8 9,000
101-13 3,268
P Parcel
No.
Square
Feet
1st. A raisal.
2nd. A raisal
3rd. Appraisal
Fixtures
FNfV
ate
Amount
ate
Amount
ate
Amount
ate
Amount
2726
1966
23,500
3/5/71
26,400
5/25/73
36,000
30,900
101-5
3150
1966','
34;500
3/11/71
44,600
5/25/73
481000
46,750
101-8
9000
1966
33,000
3/5/71
36,400
6/18/73
35,500
36,000
101-13
3268
1966
17,000
2/24/71
27,000
6/5/73
32,000
29,000
Marshall
Stevens
Hoffman
{Paters
IARC
The two 'appraisals are fairly far apart,IARCO is at $36,000 and
Waters is at $26,400, Much of their difference appears to be due to
the variation between their estimates of economic gross rent,
(6,690 vs, 5340). I would estimate economic rent to be $6,400.
With a GRN of 4,8 X we get 4,8 x 6400 = $30,720,
GRI 6400
Exp 2301,,
NOI 30-9
io
30,90
It is my feeling that a price of $30,900 would constitute fair
market value,
�• 1.ca.rcnow interest
Actual Iicnt
Iisbimated ;Rent
Expenses
Not income
Cap. Rata
Value 'today
A
Comps. 1. 56
2. 'S7
- 3. 58
MARKET DATA
@10.69 PSF 1.
@ 9.68 PSF 2.
@11.15 PSF ;3.
B
32-A @ 4.6, PSF
45=A @ 5.49 PSF
46-A @ 6.3 PSF
$I
$
INCOME
$
5,340
$
6.690
$
3;102
$
3,159
$
2,238
$
3,531
8.5 $
9.5 $
$
26,400
$
37;000
MARKET DATA
@10.69 PSF 1.
@ 9.68 PSF 2.
@11.15 PSF ;3.
B
32-A @ 4.6, PSF
45=A @ 5.49 PSF
46-A @ 6.3 PSF
ITot Rod Parsons '
No '101-8 Adur
�316'' Sou th Capitol
0
APPRAISAL REVIEW
e r tTi-a-7W�lTs o n TAR
Iowa R-14
.Owner',
Lot
size: Same x DIt. H.&B.
Use Same -L— Dit.
Appraiser: A WATERS
IARICO
I
Date or Appraisal
3/S/71
6118/71
Tot.11 V;11t1c
$ 36,400 $
3S,500
$ 2 . 50 pSF $ 22, 500 $
4.00 PSF $ 36POOO
1111prilvi:111unts
$ 13,900
$ - 500
TOL:11 k.k. Appraisal
$ 36,400
$ 35,500
I.caschuld Interest
$
x t (I res 1. $
2. $
3. $
To t :1 1 Umsed Fcc
$ 36,400
$ 35,500,
I kca, cho I d interest
$
INCOME
Actim] kcia
---7
$
Hstimated [Zent
$ 6p516,
$ 5,496
HXpenses
$ 3,606
$ 3,464
Not income
$ 2,910
$ 2?032
C.jp. lzatc
8 %
10 %
Value Today
$ 36,400
$ 20�320
MARKET DATA
A
B
GAINI
GAIM
Comps. 1. 42
@6.6 XRSR 1. 32-A
@ 4 .6 PSF
2. 58
@5.39 RSR 2. 39-4
@ 4.8 PSI'
3. 61
@ PSF 3. 45
@ 3,71PSF
$PSF
S.99
4 0
Value
39,000.00
21 000.00
Reviewer R . P a rm n
Date 9/jg/jg7-j
APPRAISAL REVIEW SUMMARY
Parcel No. 101-5 Addr mss„
.Owner
306'South Capitol.
APPRAISAL REVIEW
RRA h �i
card W. John
•
Iowa R-14
Lot
Size: Samex i .
use Same X Dit.
Appraiser: A'WATERS !
B IARCO
•
hate or Appraisal
3/1X/71
5/25/73
Total Value
$ 44,600
$ 48,000
Land
$ 7.50PSF $'23,600
$ 6. 00 psi: $ 19,000
Impi'uvi!mcnts
$;21,000
$ ,,29,000
Total R.F. Appraisal
$,44,600
$ 48,000
Leasehold Interest
$
$
Fixtures 1. $
2. $
3. $
Tot;l'I Ixa'sod FCC
$'44,600
$ 48.000
TOUl1 Lc,;'schold Interest
$
$
INCOME
Ac,tuu 1 Rent
$
Estimated Rent
$ 8,460
$ 8.700
Expenses
$ 4,894
$ 4,553
Net Income
$ 3,566
$ 4,147
Cap.' Rate
8 %
9 $
Value 'Today
$ 449600
$ 46,000
MARKET DATA
A
_
G.I.M. B—
G.A.I.M!
Comps. 1. 46
@ PSF 1.', 40
@5.5 PSI.
2. 52
@5.95 PSF 2. 45-A
@5.49 PSF
3.' 58
@5.39 PSF 3. 46-A
@6.3 PSF
•
$PSF'
5.95
6.0
Value
50,300
50.000
Reviewer R. Parsons
Date 9/18/73
_- l` ,"Lu ('.:IUWA 52401't
Johnson County Committee on Drug`Ahuse .
Suticommlttee, Area'j Drug Abuse Counc111:
I
S'.tevenj Bianco,,Stenhen Fox, Co.chairmen
i �.
•
\''1
I lx)
2
(1
1
1 t
(•� .
.,.
,
4 �
i
1 Ij
I
1
_- l` ,"Lu ('.:IUWA 52401't
Johnson County Committee on Drug`Ahuse .
Suticommlttee, Area'j Drug Abuse Counc111:
I
S'.tevenj Bianco,,Stenhen Fox, Co.chairmen
y:
I lx)
2
4 �
1 Ij
I
1
_- l` ,"Lu ('.:IUWA 52401't
Johnson County Committee on Drug`Ahuse .
Suticommlttee, Area'j Drug Abuse Counc111:
I
S'.tevenj Bianco,,Stenhen Fox, Co.chairmen
CIVIC CENTER, 4 10 E. WASHINGTON ST.
000M
IOWA CITY. IOWA 52240
319 354. IBM
'"I -i .111 S CITY AUAIJ 11
COLI�AVEN
P00FIlt CONNELt September 24, 1973
ECKI&II UARTIEC.
LUKN.CKE�I
j PITRICX WHITE
The Honorable Ed Mezvinsky
1404 Longworth House Office Building
Washington, D. C. 20515
Dear Congressman Mezvinsky:
The City Council of Iowa City, Iowa, meeting in formal session on
September 25, 1973, endorsed the provisions contained in the Minish
Transit Operating Aid Bill (H. R. 6452), which is expected to reach the
House floor on Tuesday, October 2, 1973. We strongly urge you to support
the bill.
We have reached a point where there is no additional money available
within our General Fund to subsidize the Transit operation above the level
of the present City subsidy. An outside source of funding is a necessity
if we are to continue to attract our citizens 'to the bus.
Sincerely,
C. L. Brandt
Mayor
CLB:alo
TELEGRAM SENT TO MR. MEZ
VINSKY ON SEPTEMBER 24, 1973.
v
6
TREASURERS SUMMARY
- August,; 1973
Beginning
Balance
Receipts
Security
Redemption`
Disbursements
Security
Purchase
Fund
Balance
Security
Balance
General
Streets
$ 648,7,11.62
S 126,733.01
$
$ 87,489.47
$
$ 687,955.16
$
Public Safety
60,914.03
144,126.08
1,275.89
9,061.83
8,697.52
105,161.11
53,492.40
Sanitation
Cemetery
46,024.31
1,863'.54
71,990.80
48 026.80
(24,102.95)
Library
37,237.47
67,022.22
270.00
3,877.33
4,093.72
18,840.94
33,413.75-,
Airport
Transportation
97,459.37
(227,712.74)
11,117.20
11,367.06
2,627.82
52,058.61
95 948.75
Recreation
Utilities
142,920.04
9,613.35
30,352.44
71,685.58
(246,698.12)
80,847.81
Debt Service
(830.01)
1,048.24
7,104.82
(6,886.81
59)
Pension 6 Retirement
207,743.76
14,039.79
4,505.34
3,105.02'
-
170.00
63,975.21
2(6,079.10
Tort Liability
(24,486.45)
688.24
342.28
(46,830.40)
Liquor Profits
(24,140.49)
Road Use Tax
Capital Grant„_ Bus
643,650.72
580381.95
21,651.25
680,381.42
Su total
Parking Revenue
S 1,856.820.21
(13,152.66)
232, 08.00
19,378.60
49-4—J82.96
$
1 595 545.25
Sewer Revenue
-(973.32)
54,517.59
140,000.00
_4, 62.35
40,674.66
95,777.44
(94,113.85)
- 420,712.86
Water Revenue
(37 673.29)
92,540.91
120,000.00
115,101.71
152,869.61
180,000.00,
Subtotal
Federal Revenue Sharing
51,79 9.27)
( 11
g 166,437.10
- 260,000.00
$
95777.44 -
S9 765.91
$ 118,52 .67
386 000.47-
! j 986 713,33
Special Assessment”
175.56
11 175.56
672 ,938.01
Paving
(142,515.91)
805.52
Sewer
'&
(35,709.93)
(141,710.39)
Sidewalk Other
(4,314.49),'
137.50
(35,176.93)
Construction
WorkingCapital
(115,869.04)
472,468.07
173,543.97
4,176.99
( )
(289,413,01)
. P
Water Dep. Ext. Maint.
Dep.
36,000.00
440.47
472,908.54
Water Open'?fain,.
-
50,000.00
36,000.00
Sewer Dep. Ext. faint.
4,000.00
48,531.25
1,468.75
48,531.2S
Capital Projects
24,000.00
Water
Parks
(224,531-71)
,
7,397.54
2,045.50
(226,577.21)
492,135.55
Sewer
Street
(55,851.52)
5,471.61
184,686.76
223.24
66,443.79
7,174.30
67,863,06
Bridge
(178,721.78)
(155,654.52)
6,093.75'
150,000.00
133,469.47
(156,097.50)
Parking
4,806.82
30,437.36
(186,091.88)
Landfill
22,631.14
4,806.82
Miscellaneous
(17,150.09)
3,515.50
22,631.14
(20,665.59)
TREASURERS SUMMARYAu
' g ust, 1973
Beginning
Security
Security
Fund
Security
Balance
Receipts
Redemption
Disbursements
Purchase
Balance
Balance
Intragovernmental Service $
$
$
$ $
$
$
Payroll
331,836.60
475,161.97
(143,325.37)
Equipment Service & Maintenance
(30;467.89)
27,279.51
31,410.39
(34,598.77)
Miscellaneous
(34,699.33)
755.65
2,772.36
(36,716.04)
Reimbursable Programs
(46,521.14);
10.794.77
28,949.99
(64,676.36)
Supplies E Printing
(5,874.40)
917.41
1,853.27
(6,810.26)
Equipment Replacement
69,000.00
69,000.00
Perpetual Care:
Subdidision Escrow
40,007.88
500.50
11,789.58
28,718.80
'Police Court
2,387.00
21387.00
Project; GREEN
40,613.97
137.00
184.02
40,566.95
Library Gift $ Bequest
773.64
93.49
680.15
Monument Escrow
1,441.80
1,441.80
Engineering Escrow
(4,204.48).
536.00
(4,204.48)
536.00
Human Relations
Staff. Escrow
279.37
203.76
232.98
250.15
Reno'Street Park
58.35
58.35
Library - Brubaker Fund
143.99 ;'
143.99
Legal Escrow
1,828.41:
1,828.41
Subtotal $
OVIU72.69)
$ 385,910.05
$ 384,686.76$;957;922.4U
$
48,531.
,
I,ZI.5,bm�.Nr
_Invested
S
$
l
Total General Account $
1'487 948.25
$ 785 255.15
$ 644 686.76
$2,890,775.78 $
144,308.69
$ (117,194.31)
' $ 3,478,649.87
r
TREASURERS SUN"ARY
- August, 1973
Beginning
Security
Security
Fund
Security
Balance
Receipts
Redemption
Disbursements
Purchase
Balance
Balance
Water Bond $ Interest Reserve
$ (5,744.56)
$
$
$ $
$
$
Water, Bond 6 Interest Sinking
8,900.40
51,131.08
-
(5,744.56)
313,343.89'
Sewer Bond E Interest Reserve
21,666.87
1,625.00
46,573.88
11,832.60
99,740.70
Sewer Bond B Interest Sinking
(7,739.09)
21,097.92
21,666.87
81,333.13'
Deposit Escrow
8,557.92
3,135.00
1,297.50
27,944.34
(15,883.01)„
51,843.51Water
Police Court 02
1,092.28
10,600.64
20,465.63'
Project Temporary Loan Fund R-14
38.44
Urban Renewal 'R-14
Urban Renewal R-16 6 18
882.03
20,256.08
224,102.36
240,414.42
38.44
4,826.05
8,500.00
1,019,460.92
Leased Housing
Payroll
102.05
9,231.64
31,354.19
44,770.31
26,060.04
43,060.88
102.05
16,235.22
66,058.31,
Firemen Pension
(1,167.29)
7,453.49
331 796,02
332 535:64
(1 906.91)
'
Firemen Retirement
(4,777.95)
140.00
33;632.79
732:48
6 861.01
6 ,808.83
Policemen Pension
9,790.63
160.00
5,673.56
24,578.13
(1,396.85)
749,197.80'
Policemen Retirement
7,333.39
34,229.68
879:69
9,070.94
7,870.70
'
R-14 Escrow
5.00
6,556:35
24,578.12
(4,238.18)
725,474.83
5.00
TOTAL SPECIAL ACCOUNTS
$268,872.67
616 866.96
166 735:35
$ 5ZIU69.31
$ 3 150 198.25
i GRAND TOTAL ALL ACCOUNTS
1.527.814.44
1 312 187.91
913.559.43
$3.5
1.04