HomeMy WebLinkAbout1973-12-04 CorrespondenceMOODY'S, INVESTORS SERVICE, INC.
99 CHURCH STREET, NEW YORK, N.Y. 10007 (212) 2G7• 8800
November 30, 1973
Mr. Ray S. Wells
City Manager
Iowa City
Civic Center
Iowa City, Iowa 5P2110
Dear Mr. Wells:
We wish to inform you that our Rating Committee has
assigned the rating of Aaa to the $600.000 Iowa city, Iowa general
obligation bonds scheduled for sale on December 6, 1973.
Thank you for your cooperation'with our rating service.
Very tnily yours,
Jackson Phillips
Vice President and Director
Flelpd Municipal Bond Research Division
Pnclosure
•
19L-60(730116)
Ke toi, MOOdyrs Municipal icy 9
Aw` 0
tiuiuls which are rated M• s1- Allard to M ofh• best quality. They. Bond whloh an pled • 11-11-117 1@ek ahanefarlellor of the ddnhlu
entry III' nnnllesl 110¢111- „f luvustawnl risk and are generally rot fired to InvestmanL ch we nes of ln�eraat and
an "0111 111901" blteraet Vaynunits aro proleclW by s lure etc I+Y an exce principal payments or of maf rte•
felly stsbl• muraln nal prindV91 la aecun. Whll•"IM varluw protwllvi nonce of other term@ of the contract over any Iona period of tans may w
I me likely b1 chnnar, muole ('hansom a can he vlwalleeC an 11-011 : -small.
kely to Impnlr 1. fulnimuentally: strong: position of much Wu". Oy
An Bond which an rated Cr are of poor standing. Ruch Issues may be In
Bands which are rated As are judged to be of high quality by W default or thus may be present elements of danger with respect to prin-
alendrds. Together with the Au group they comprise what ata generally cipal or interest.
known as high grade bonds. They ars rated lower than the but bonds
because margins of protection may not be as large as In Au securities or Ca
fluctuation of protective elements may be of greater amplitude or there Bond which s[e 1-1111 G represent obligations which an s
may be other elm Monte present which make the long-term rule appear pseulative
somewhat larger Ilion In lea securities. in a high deposes. Such lssuss us Often in default or have other marked
(, A :. shortcomings. -
: Bonds which are ruled A poorest many favorable investment. attrlbules
and tire to he cunsiderad as upper medium grade obllgatlona.,facWn C
'Verna securllY to principal an Interest am considered adequate, but Bond@ which ate rated C are the lowest rated elm of bunds, and trues
-. elements may.. W Vrnent which suggest ■Susceptibility to Impairment oro rated can be regarded u. having extremely. Door prospects of over
wmatlmo Ia the future. Sea General Nota below. attaining any real Investment standing.
Bonds whichore rated tats are considered ns medium' /rode Ing. I... I
obll¢OUon; I.e.. they are neither hljhly protected. nor poorly secured. Revenue bonds to be secured by the earning of projects which are
Interest DOYmenls and principal security appear adequate for the: present gel undr construction or (bl unseasoned In terms of operating p
but serum Protective elements may be lockin■ or may be characterIs- peratin experience.
tically unrellablu over onYy gnat length of time. Such bond lack oubbnd The parenthetical rating donator the Probable credit nature to be attained
Ing investment character miles and in fact bay* speculative characteristic upon completion of construction and or refunding and the establishment
as well. See General Note below. of an earning history..
N Cert.l_..I
Sand which are rated Nen an to have •t a the pr teemenb' t4a genus eblipllon wherein rents begin when facilities are cam-:
their rotund cannot of considered a w e very mo Often the Otherebyn of
.Jntcresl and printl rot payments may be very mod<rnte„and. thereby not Dieted but Insurance coverage minlmlror con
strucUon risks. Parenthetical
g_ lure. Un rating denolor robable credit stature to be-attained u -"
We
11,
charadarbom bonds In this elms.: p poncamVlellon'ot
safeguarded 1 urin both good and bud times over lha fu
eertalntY, ��
construction.
..
d Ge al 01e641o.Those bonds In the'A'and Baa s '
i. groups which Yoodof their res pesser the . Theme
investment signal the b ds which
le the
rymbob A•1 and11128-1.within
A and Ma bonds comprise the b ands h their roe boue `roup. Thee rankln s (1) designate the bands whlah offer the
maximum in security tunny their gaugelity more
(2) designate bonds which can be bought got poeelble uf6ra Ing in quality and: W) addillonaliy afford
,the Investor an opportunity to pule more Precise y the relative attractiveness of offering in the market Place.
Generally. speaking,. bonds In Moody's: highest rating categories can be characterized a follow[, ke lace. om, their safety L ro- aWolule that.
with the occasional exception of overauDDply In a- few specific Instances,. characierblicollyY their market value b afn,th it sacely b7 money market Iluc•
tupestlonr,'M banJe, their market value b vlrlualty Immune to W but money. market In mesa with the occasional exception or
ovenuDDly In a few
'tions but durin� p�rlodeeuf ba'd�smay A Influenced to same ntl [degree by economic pet'tormanea dwln/'aaanlned petlad of depreued business condi.
`YUP IF lm a. few specific instances; BY-1-1111 be
muends quenllvmove in a to cA ngesaineJeconorch: circumstanand As ac ss, and isldewith
from' occnlonal speral eculative (91101-
1.Ppfylnf to same bund of. this class,: dao Issues will move in parallel with Am, As, and'A obligations. during periods of economic normalcy, except In
Instances of oversupply; Do bonds are aCeculative, their market value may be affected by varying economic circumstances not necessarily geared to the
business cycle; •.rated bonds are. usually quite sensitive to day-to-day circumstance affecting the borrower's ob ity to service debt on sell ule, a.
.;'pednly during down trending economic cycle', Cas bond reflect the marked concept of the Probability and imminence of a workout' Ca bond are
speculative In high degree and usually in lcale nominal workout -value;.and C-rated bonds appear to be hopelessly in default and usually have only a :-
nominal apeculnlive market value. ..
- Unless: otherwise noted,"municTCat ratings are for "general obligations,, welch are defined a validly Issued and legally binding evidences of Ind
nate secured by the full faith, credit and toxins Powers of the tracer. hfad•
MOODYrf MUNICIPAL` BOND YIRLD AV[RAOti
Aver. -6funlclvpasl by Actin @- Acer. MunlNpe1 b71tat1nn� Acer. MunldeatbyRetlnf@-
Munlc. Au Ae A loss Slanla' AY Aa A la Yunfa Au Ai A gag
Oct. 7.]I 3.11 Sep t ___ 1.18 5,90 1,09 1,75 8,19
Sept . , 1.11 ]11 3.99 1.?1 {.N Oct -,_ 1.41 e.as 8.18 1.33 e.7e
3.22 3.31 3.38 Oct 4.25 : 3.89. 4.07. 4.41 Let Nov Y.01 5.T9 5.91 6,11 6.73
Nov.. J,27 J.OA J,19 3.J0 J57 NOv 137 3.99 4.17' 4.47 4.86 Dec .. 5,19 5.21 533 6.10 6,80
Uec. _ 3,23 7.01 3.I3 3.28 J53 Dcc 4.t7 4.15 430 137 1,73 1171
'Jan. '. ,. _ Jan5.34 1 5.01 5.23 5.41 5.65 '
.Jan. L T IA 2,87 3.07 3.2/ 3.11 ,J„1- 4St 1.05 4.13 :437 166 Feb __ 5.78 4.97 3,09 " b.7e /.7/
rob. , 3.14 2.97 7.07 3.24 3.42 Feb _ 1.28 4.OI L07 111 {.00 'Nor _,,,_ 5.28 5.00 5.13 5.31 5.54
M�ppar. - 319 309 7,7A .3.09 3,I8 3.33 3.31 3.33 311 �Mpar. 4.34 4.28 4.40 438 499 A r - .____ 5.19 :5.29 6.23 5.71 6.J8 S.SI E.0.9
r.
MSY
....... .. 3.28 J09 3.I8 391 '351 .. Nay /ge 4.21 4.d 1.18" 4.N -June .._ 6.98 , 5.65 .625 75 1.11 636
6.36
June _ 3,72 J.IS J.Z7 3.33 ` J31 June _ 419 .131 436 4.77 5.06 July ___ 1,17 5.75 591 s.73 1.58
JuIY =_ 3.34 3,16 "3.23 :3.37 SAO July 443 '4.17 C24 {34 4,11 .Aug _. 594 :195 6.69 1 619 "It
Auf _- 3,J2 J.le 7.22 331 395 Aug {.7/ 4.00 4.11 " 4.17 4.73 Bap4 __ 6.15 5.09 E17. 1.62 56.21
.96 -..
Sept _, 3144 3.73 137 _.7.W /.st .. .. -. Sept 4./F-4:0-ems .400" 4.78 Oct 5.05 '1.73 1.91 5.65 588 '..
Oct. _. 3110 7.J1 :758 3.15 3.65 OCt 4.19 1.21 433 452 4.19 Nov.-______ 3.20 l9/ 5,01 b.78 5.58
Nov. „ __ 750 3.]4 ]dl 3.53 3.70 Nov 'LBO 133 4.43 : 4.65. 4.98 Dec: b.2/ {.99 5.02 5.21 5.55
Dec _- _. .730 339 3,47 .3.60 3.78 - Dec -� 478 430 437' : 430 5.18 _____._
Ing 1961 1172.
Jana ....... 3.56 7.10. 3.47 3,40 3.79 Jen 4,89 4.58. 4.69 {,98 551 Feb 3.29 601 S.Is 5.26 5.07
FFeeyb. ',- - 3,06 3.48 7.58 3,88 J.9] Feb ___. 5.02 4.74 497 5.09 - 5.43 Mbar. ______ E31 1.99. E.IB 5,11 - 5.11
.. SIaY 9.76 ].37.. j 57 J. 6 4.17 M4.11 4.33 ay 6 9 5.10 5.22 5r..4'43 b.93 .Jona .____ 131 5.53 5.79
. 5.15 5.07 59 $
42 5.75
:one __ 391 3.60 3.70 398 4.16 June 5,78 595 5.70 593 3.01 July ._ E.SI 5.27 6.38 5.05 518
Aug.__ 4.10 J 9t L01 4.27. 1. d A VU'y b90 1.61 5.70 611 1.08 Aug __ 5.71 5.10 5.23 5.48 5.64
Sept __ 4.18 3.93 4.02 4.32 4,48 8e t 51.98 E.71 .691 401 4.71 Rept E.JI .6.12 5.19 5.45 5.69
131 613 6.07 154: 698 Oct 1.21 5,07 6,14 51.35 5./S
Oct _ 109 3.72 ' J.91 1.20 1.17 Oct .1.17 180 6.98 6.27 643 : Nov . .5,11 1.91 5,03 S.IJ 5.77
Nov _ J.01: 3,78 J:97 4.03 {33 Nov 8.25 6.88 1.06 .5.17 1.60 Dee. ....__• f.is .1.91 5,04 3,19 5,39 '
Dec __ 1,01 7.79 3.90 1,07' L29 Dec 691 850 191 7.04 7.23
Fan. - 4.04 1170 lie ._ 51.13 1.90 5.01 119 539
eb .. 7 021 518 0.19 59 3.90 Falb 6.74 0 38 6.60 0.88 7,13 Feb .. ax IAS 5.05 : 5,25 S,44
Mar J82' 3.47 3.50 S.N lab .Mar 6.17 1.19 53{ dad 110 M1 .40ar ......._ 530 .. 1.0T 570 531 E.55
ADpr: __ _ 7.87' J,50 J.57 ..3,72 390 A r .' 6.50 571. 5.33 6.56 1.187 r : Sfa7 .- _... 515 4.90 b.05 6.21 5.142
1 ,
s1sY. ....... 3.91. 3.T0 . 3.81 "" 1,02. 1,23 MnY 7.00 1,70 e4e 7,09, 7,33 :. 7une ..__,_. 6.23 5.03 E,10 5.7J 651
Juno.. 402 350 J.90 4.08 4.31 June 7.I9 191 1.01 7.71 7,41 Jul
July ....... 1.11'. JA4 J.11 4,11 1,13 July 68/ 1.40 145 1.70` 7.02 A0y ---- 6.11 6.21 E,33 'S.E1 E.TI
/O4 J.71 J.91 1.11 1.37 'Auf. _...... 637 1,96 6,1] e.SE 0,60 - f •••- 6.51 5.26 5,33. 6.61 5.80
Sept. .... 51.13 4.90 5.03 5.17 5.41
Wileovenru have yc"Owecon e , 'Id from a @matt nmplmf o! teneni market Wates, Under the relatively ratable market conditions that ayotcm
armed atbfnclorlly. Ilowever, under depretecd mukel condlt ono, an avenge reared. to apecUle Iswea quickly becomes an average based upon
ThwYdbtounl. bond, ,nsequcntly, tot some lime MoodyY ■venin hard been In a tnnslbry @rage, a weight hu been given not only. to quality and mt.
'lluwu wCproorc dvel Oily it reel 1h�t Mo17ldsyt'9 even to hie ere beromeecolored bYllhe new Id be if bond[ of the same quality. bore current coupons,
Thus, MoodY'o gisnezc Y, Y Y Issue market.
believe
put thb b the only occcur to me�N o! iannpllnfuind reporting bmirkel trenCti of genual market names selling N the new-Wue market. Mcodyh
..'I _I ,iii
Y6 Xc2,
i
THE UNIVERSITY OF IOWA
dr .t
IOWA CITY, IOWA 52242 _
College of Business Administration
Center for Labor aad Management _
Phillips !loll
Area 310: 3531274
The Iowa General Assembly has set Wednesday, February 20, 1974 as the date
for considering, as a special order of business, a Public Employment Relations
ee
Act. This legislation,' if approvaede tate establish
municipal sand schoolfor district
organization and negotiationssession of the legis',
levels. Similar legislation passed the Iowa Senate in the as
lature.
providing a forum, prior to legislative consideration, for the
in the interest of pro 4 and the potential impact
and roble
ms involved,
open discussion of the issues p and Management of the University of
`' for r Labo
r
Center
I the Cen 1974.
ion 9
of legislation,
Iowa is holding a one -day briefing conference in Iowa City on January ,
The program is open to,represent publio sector management, employee
organizations, legislators and others interested in'these issues.`
employee,
of
presentation by management,
ro ram consists
The format for the p resent
p g
and "neutral" representatives on such issues as coverage of the statute, the
bargaining''un
determination of nits, the scope of bargaining, dispute settlement,
etc. Panelists with differing points of view will address themselves to these and
other issues and the emphasis will be on open discussion. These panelists will
include representatives from the League of Iowa Municipalities State Federation
of Labor, AFL-CIO, Iowa State Education Association, Iowa School Board Associ-
ation, higher education, etc:
Additional details on this program are enclosed. The registration fee of $10
and the luncheon. We hope that you will return
covers the conference materials
ssible indicating whether or not you will be able
the response form as early as po
to attend.,
Sincerely,
Thomas P.: Gilroy
Associate Professor, and
Program Director
TPG:"eh
Enclosure
December G, 1973
Whomas P Gilroy
Associate Professor
College of Basiness Administration
Phillips hall
The University of Iowa
Iowa City,, Iowa 52242
Dear Professor Gilroy:
The Iowa City City Council at its December 4, 1973
meeting Officially received and placed on file your letter
concerning a one -day briefing conference in Iowa City on
January 9, 1974 on proposed labor -relations legislation.
We will have members of the Council and staff attenfling
and will forward the necessary materials as soon as possible.
Thank you for bringing this information to the attention
of the City Council.
Very truly yours,
Ray S. Wells
City Manager
RSW:alo
C+AMW
ALL STAR RADIO ...
800 kilocycles
100.7
...
megacycles
Iowa
Cily, Iowa 52240
Nov. 27, 1973
Box 751
319/
338.1181
To the mayor and', City Council:
KXIC would very much like to broadcast some or
meetings on PPI.
all city council
We would be able to carry only evening meetings,
however.
Our plan would be to carry the fir
duck out when the interestist Part of most meetings and
ng parts were over;
bonds. were to be discussed.
i.e. when 'sewer
Roy Justice would be handling the broadcasts.
Elliott Cull
President
KXIC AM PM
Iowa City, 'Iowa
December 6, 1973
Mr. Elliott Full'r
President
KXIC M-Ftd
Box 761
Iowa City, Iowa 32240
Dear Mr. Full:
The Iowa City City Council at its December 4, 1973
meeting officially received and Placed on file your letter
concerningA be Possible broadcast of City Council meetings
over KXIC. Thank you for making this offer to the City
Council.
I would suggest,however, that we discuss possiblo
technical and procedural problems before commencing this
program.
Very truly yours,
Ray S. ;Yells
City Manager
•
•
711 .3rd Avenue
Iowa City, Iowa 52240
November 18, 1973
Mayor Tim Brandt
Civic Center'
Washington Street
Iowa City, Iowa
Dear Mayor Brandt, (RE: THE CITY COUNCIL MEMBERS)
/ 7q
I heard you speak of citizen apathy today on the radio,
o
and was prompted to convey to you my ideas on urban planning
�.
as a response in this letter.
I am one of those who feel America has been in the
habit of too easily demolishing its'', past beauty and achieve-
ments. Cbntempo'rary architectural styles are economical
and ''functional but that is all that, can be said for them.
\
Having the momentary comfort of an enclosed mall is not
worth the price of loosing all beauty, contact with nature
and air and sunlight, individuality, of design,'and feeling
that the past can be included in the present as we move
toward ,the futllxe."Being in a mall is like being in a', tomb,
underground,where everything is artificial -- I hope', in God's
name that you can stop the construction of a dorm town mall.
The downtown would loose all of Its character and distinctive-
ness.
The city is under an illusion if it thinks making downtown
into a shopping center will draw more business in: Towncrest
and till will 'still be more convenient for the large
-1 bl' t dent ulation will
suburban areas, and the non -mo e,s u p p
still be the main source of downtown income.
Is there no posibility that contractors can come in
who would vate and restore old building frames for new
e Ib none of you know such towns s as L
ouisberg,
ibusiness as`ouisberg,
i Pennsylvania, which
,in restoring its old town character
ham become"centerw of tourism and ommerce, not because of
convenience but because of .ttr BEAUTY? If the down-
town needs to compete with the shopping centers, should they
not be different, emphatically so?
But even if economically (there's more to life than
money) Old Capital's plan is preferable, I would 'choose to
retain what will keep the city attractive'Qa1L profitable in
the lg'run : beauty and civility. Wouldn't the city ,turn.
into a hidious hodge-podge of incongruent architectural styles
were this plan enacted: think of #1 how an enclosed ,'all would
clash with the old Capital building.! If ,the city wants to
Improve the downtown, whey not be the first town in Iowa to
plant trees on the main streets, and turn them into pedestrian
walkways as Minneapolis has so sucessfully done?.?.
Sincerely yours,
5.,�ry�uG'G� ' ' uti�'4('`��•G��• 2'l�G�ll�'�71•��t�1G�l"'l�
p'1t�Jo�f� ,Gi Ch GG' G'-UYi1 CGIy �CG((1117i�10 •
December 6, 1973
Mr. William Saunders
711 Third Avenue
Iowa City, Iowa 52240
Dear Mr. Saunders:
The Iowa City City Council
at its December 4, 1973
meeting officially received and
placed on file, your
letter concerning urban renewal
in Iowa City.
Thank you for bringing your
views to the attention
of the City Council.
:
Very truly yours,
Ray S. Wells
City Manager
•
I:owr.ber 29, 197
:s. Ray voll^,
City jiallacor
cl�y Or Iowa City
i:ec;r :,irc
Tova City �ofeocio:�l.'ire ."iGl:terc Local '610
CIO rori pct 'y;at lower City Council
and the 7hua� er at 6hic tir:c recoQ size Local 61C
ere the box,,lrinc. aa: nouotiutin'. "„ent for t}:e
crcai; cl o� the Tova Cit• 'ire .;e;,articlent.
:O11ald iiO/I%o:;nl, 1.'rC`J1GC11”
j�
:1 :,ccretary
/ll
IRS,,
R
/
Downton Iowa City
CITY (;ENTER ASSOd"FATION
Affiliated with the Iowa City Chamber of, Commerce
November
29
1973
Mayor and City Council
City of Iowa'City
Civic Center'
Iowa 'City, IA 52240
Dear Council Persons'
The Executive Committee of the City Center Association has unanimously
endorsed the.concept of urban renewal as proposed by the Old Capitol
Development Corporation. We feel it is imperative to the future'suc-
cess`of downtown Iowa City that action be taken as soon as possible.
The current proposal reflects, in our; opinion, some very concrete in-
put by the citizens of thisscommunity who are concerned: that further
delays in adopting a workable program will seriouslyimpair' any
future development.
We therefore would urge each Council Person to endorse this proposal
at their earliest possible convenience so that Iowa City may start a
logical and planned redevelopment program as quickly as possible.
Respectfully,
Ernest Lehman, President
City Center Association
EL/nd
CC: Jack Klaus
Ray Wells
December 6, 1973
Mr.Lruest Lehman
President
City, Center Association,'
Chamber of Commerce
P. O': Box 673
Iowa. City, Iowa 52240
Dear Ernie:
The Iowa City City Council at its December 4, 1973
meetin«
e officially received and
Placed on file your letter
supporting the concept of urban renewal as proposed by the
Old Capitol Development p Corporation.
Thank you for bringing this endorsement to the City
Council's attention.'
Very truly yours,
Ray S. Wells
City Manager
RSW:alo
W. G. COMPANY SPECIALISTS IN
C O.N.T R A C T.'OR S 8 E N G I E E R S • PRESSURE GROUTING
A 1 1 S U N I V E R S I T Y 'A V E N U E 0 CHEMICAL GROUTING
D E S M 0 I N. E S. 1 O W A 5 0 7 1 1• MUD • JACKING
•.GROUND 'WATEK CONTROL
TELEPHONE 779.7791
AREA CODE 515 • FOUNDATION SIAIILI7ATION
• RAISING HEAVY STRUCTURES.
November 29, 1973 • EXPLORATORY DRILLING
• PIPE TELEVISION
• PIPE GROUTING
City Council'
City of Iowa' City
Iowa City, Iowa 52240
RE: 1973 SLAB -JACKING PROGRAM
We respectfully call your attention to the fact that the size of
Mud -Jack machine, description of supporting equipment number of
men in the crew, and type and quality of pumping soil,are not
completely specified in the bid'rdocuments; although all of these
factors control the output of any Mud -Jacking operation.
This is readily understandable since Mud -Jacking deals largely
with indeterminable subsurface conditions which are virtually
impossible to cover with!a rational and comprehensive specification
as can be done with concrete paving, for example. "In the end, the
value received by the City must depend,on the experience, judgment
and integrity, of the Mud -Jacking contractor, regardless of unit
prices quoted: In your program there is also the need, as indicated
in the Specifications, for ability<to handle the work so as to
minimize further damage to slabs, many',of which we have observed to
be already cracked.
Our proposal is conscientiously based on -furnishing a balanced
combination of, equipment, materials and personnel which we feel
will result in maximum production in minimum time atleastcost to
the City, that is, the most square yards per dollar.
We respectfully request, therefore;' that these factors be considered
in your evaluation of bids received for this project.
Sincerely yours,
,i
W. G. JAQUES COMPANY
W. B. Jaques
WBJ/se'
Members of the Iowa City Council
Civic Center
Iowa City, Iowa 52240
We, the undersigned, residents of Kathlin Drive, hereby petition
that the street known as Mair Avenue be changed to Kathlin Drive.
We feel this would help in finding Kathlin Drive and also ease'
confusion of mail delivery.
There are no residents as yet on Mair Avenue, making this an
opportune time for the change.
The following is_a 1002 showing of signatures of residents liv-
ing on Kathlin Drive.
NOV 819 D
.�ti •r' %%2!a/ � 73
)RK
-.�i A B B�$T O
/ LF U ;;
�l L4 . toll
S i
•City of Iowa Cit •
MEMORANDUM
DATE: November 8, 1973
TO: Planning and Zoning Commission
FROM: City Clerk
RE:
At their November 6th meeting, the Iowa City Council
officially received a letter from William Schnute'and
a petition with 221 signatures concerning a neighborhood
park for Hollywood'Manor area.
The motion was adopted to refer this correspondence to
Planning and Zoning and Parks and Recreation Commission
for report back to Council._ The letter and petition
are attached. neatpa;�«,C
11
%**~''� Ii
•
PETITION
the undersigned -residents
of the Hollywood Manor area of Iowa
City,
ptLition the City Council,
the City Manager and
the Planning and
Zoning
CV.j..i!%.don that provisions be made for a neighborhood
park in the present
dvvelopment of this area.
Vk!•1E
ADDRESS NO. OP CHILDREN
140. OF CH LDrr ;;
mom
UNDER 5
-,
or
Z _•_
.�
%**~''� Ii
•City
of Iowa Cit •
MEMORANDV M
DATE: November 8, 1973
TO:
'Planning and Zoning Commission
FROM:
City Clerk
RE:
At their November 6th meeting the 'Iowa City Council
officially received a petition with 216 signatures
requesting amendment to the subdivision code to
include provision for 'open space for use as a neighbor-
hood'park in all new residential subdivision hereafter''
considered.
The motion was adopted toreferthe petition'to Planning
and Zoning for recommendation to Council as soon as
possible. Attached is -a copy of the first page of the'
petition.
1
Wim-+-
.• 6 November 1973
The Honorable Mayor and the members of the City Council of Iowa City
Gentlemen:
Residents of the Hollywood Manor Subdivision of Iowa City are Petitioning
the City Council to provide for the purchase of land to be designated as a
neighborhood park for our area. We are also petitioning, the City Council
to amend the subdivision code, Chapter 9.50, Section 9.50.5 of the Municipal
Code of Iowa City, Iowa, to require park land to be designated in any future
residential development in Iowa City.
Presently, the Hollywood Manor Subdivision includes approximately 200
families living in single and two family units in addition to two apartment
complexes. These families have over 250 children, many of preschool age.
We understand that 147 new housing units, sixty-one of which may be two
family units, will be added soon as Hollywood Manor Addition, Part V. In all
probability there will be a proportional increase in the number of children to be
added to the neighborhood. Because yards in this area are small and imagination
and energy of children in great, there have been many instances of mishaps
and, so far, only near tragedies with children and automobiles in the streets.
Fortunately, many streets are now dead end but when new development has been
completed these dead end streets will become through streets, further compounding
the likelihood of disaster. Our closest park, next to Grant Wood School, re-
quires' the use of transportation because of distance and accessibility, Small
preschoolersmust also share unequally the facilities with children attending
school. It does not satisfy the need of a neighborhood park with easy access
without resort to transportation.
i
i
We believe that once the final approval is given by the City Council for the
proposed Hollywood Manor Addition, Part V, no further possibility will exist to
satisfy a basic and definite need for a neighborhood park. We are offering three
Possibilities for a solution to this need:
I. An immediate readjustment of City priorities toallocate funds to the
Parks and Recreation Commission to purchase land to be designated as a
neighborhood park In the Hollywood Manor development
2. Remand to the Planning and Zoning Commission the preliminary Plat
for the Hollywood Manor Addition pending evaluation and possible adoption of an
amendment to the Municipal Code of Iowa City, Chapter 9.50, Section 9.50.5
to provide for community open space for neighborhood parks in any new resi-
dential development.
3. A commitment by the Iowa City Parks and Recreation' Commission to the
developer to purchase a segment of land located In the Hollywood Manor Addition,
Part V, to be designated as a neighborhood park', when funds become available
and for the developer to set aside and reserve this section of land for purchase
by the Clty.
We ask that with your assistance, one of these, or perhaps another, suitable
solution to our needs will be found'.
Respectfully submitted for the 'residents of Hollywood Manor by William J.
Schnute, 2103 Bancroft Dr.
• FETITIOv
'We, the undersigned, petition the City,Council, the City Manager, and `
the planning and Zoning Commission of Iowa City, Iowa, to amend the Sub-
division Code, Chapter 9.50.5, of the City -Code -of Iowa City to include a
provision for open space for use as a neighborhood park in all new residential
subdivisions hereafter considered.
N 81973 acntss AUUUBBIE STOP US
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