HomeMy WebLinkAbout2013-12-09 AgendaSubject to change as finalized by the City Clerk. For a final official copy, contact the City Clerk's Office
356 -5040.
Iowa City It
City ouncil Agenda
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Special Formal CITY OF IOWA CITY
December 9, 2013 - 8:00 a.m.
City Hall — Harvat Hall
410 E. Washington www.icgov.org
ITEM NO. 1 CALL TO ORDER
Roll Call
ITEM NO. 2 UNIVER -CITY SALE -430 SOUTH LUCAS - SETTING PUBLIC HEARING FOR
DECEMBER 17, 2013, ON A PROPOSAL TO CONVEY A SINGLE FAMILY
HOME LOCATED AT 430 SOUTH LUCAS STREET.
Comment: In the UniverCity Neighborhood Partnership Program, the City
purchases rental units located in designated neighborhoods surrounding the
University, rehabilitates them, and then sells them to income - eligible buyers.
Under the UniverCity Neighborhood Partnership Program, the City proposes to
sell 430 South Lucas Street. The amount of the sale will be $165,000 (this is what
the City paid to purchase the home) plus the "carrying costs," which are which are
all costs incurred by the City to acquire the home, maintain it and sell it, including
abstracting and recording fees, interest on the loan to purchase the home,
mowing and snow removal, utilities, real estate taxes, and any costs in excess of
$40,000 to repair and rehabilitate the home.
Action:
�G
ITEM NO. 3 CONSIDER A MOTION TO ADJOURN THE SPECIAL MEETING.
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Prepared by: Susan Dulek, Assistant City Attorney, 410 E. Washington St., Iowa City, IA 52240 (319) 356 -5030
RESOLUTION NO. 13 -342
RESOLUTION SETTING PUBLIC HEARING FOR DECEMBER 17, 2013, ON
A PROPOSAL TO CONVEY A SINGLE FAMILY HOME LOCATED AT 430
SOUTH LUCAS STREET.
WHEREAS, the UniverCity Neighborhood Partnership Program is a joint effort between the
University of Iowa and the City to encourage home ownership and reinvestment in designated
neighborhoods surrounding the University of Iowa; and
WHEREAS, the City purchases rental units located in designated neighborhoods surrounding
the University of Iowa, rehabilitates them, and then sells them to income - eligible buyers; and
WHEREAS, the City purchased and rehabilitated a single family home located at 430 South
Lucas Street, Iowa City; and
WHEREAS, the City has received an offer to purchase 430 South Lucas Street for the principal
sum of $165,000 (the amount the City paid to acquire the home), plus the "carrying costs ",
which are all costs incurred by the City to acquire the home, maintain it and sell it, including
abstracting and recording fees, interest on the loan to purchase the home, mowing and snow
removal, utilities, real estate taxes, and any costs in excess of $40,000 to repair and rehabilitate
the home; and
WHEREAS, this sale would provide affordable housing in a designated area surrounding the
University of Iowa; and
WHEREAS, this sale is conditioned on the family securing adequate financing for the purchase
of the home.
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
430 South Lucas Street, Iowa City, Iowa, also known as Lot 5, Block 1, Berryhill's Second
Addition, for the sum of $165,000, plus the "carrying costs ".
2. A public hearing on said proposal should be and is-hereby set for December 17, 2013, at
7:00 p.m. in Emma J. Harvat Hall of the Iowa City City Hall, 410 East 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.
Resolution No.
Page 2
It was moved by Mims and seconded by n; rkPnG the Resolution be
adopted, and upon roll call there were:
AYES: NAYS: ABSENT:
x
x
x
x
x
Passed and approved this 9th day of
Approved by
City Attorney's Office
Champion
Dickens
x Dobyns
Hayek
Mims
x Payne
Throgmorton
December 2013.
AX---�R-,
MAYOR
OPP-11