THE CITY OF MONTICELLO, IOWA
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
Resolution to approve sale of City Owned Property located at 103 West First Street
WHEREAS, The City Council previously agreed to accept bids on City owned property near located 103 West First Street and thereafter received two bids/proposals related to the property and based thereon scheduled a Public Hearing on the proposed sale of the property for tonight’s meeting, and
WHEREAS, The Mayor opened the Public Hearing, accepted Public Comment, and closed the Public Hearing before Council consideration of this Resolution, and
WHEREAS, The Council finds that the property is located along First Street and has not been used for several years prior to the City purchasing the property, and
WHEREAS, The Council further finds that the funds generated from the sale of the lot could be used to further projects that would be of benefit to the residents of the community, and
WHEREAS, The City accepted the initial offer for 103 West First Street parcel, from Creative Concepts Development, who subsequent withdrew from the proposed agreement, so the sale cannot be consummated, agreed to pay City of Monticello, Iowa $1000 for the property located at 103 West First Street contingent on the following conditions by utilizing the Derelict Building Grant of $50,000 and city match for a total of $100,000:
- All asbestos material removed and disposed of properly.
- The roof is replaced on the north-south portion of the building.
With the plan for the property as follows providing the City applies for a $100,000 Catalyst Grant with matching funds:
- Rehabilitate the first floor of the north-south portion of the building into a bar/restaurant.
- Construct upper story housing on the second floor of the north-south portion of the building.
- Remove the store front on the Cedar Street side and create outdoor seating and entertainment area in the east-west portion of the building.
WHEREAS, Matt Kumley proposed to accept the terms and conditions of as stated above related to the property and proposed sale of the Property, and
WHEREAS, The Council finds that the City Administrator should have a purchase agreement prepared between the City and Matt Kumley, setting out the above terms, with the costs of survey and closing costs to be split between the City and Matt Kumley, prior to transfer and closing on the property.
NOW THEREFORE BE IT RESOLVED by the City of Monticello, through its’ City Council, in session this 1st day of November, 2021 that the sale of the City property considered during tonight’s Public Hearing is hereby approved and the City Administrator is directed to proceed with the preparation of a purchase agreement after which he is to order a survey of the property consistent with this resolution prior to transfer and closing.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 1st day of November, 2021.
Brian Wolken, Mayor
Sally Hinrichsen, City Clerk