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HomeMy WebLinkAbout2010-963-10/25/2010RESOLUTION NO. 2010-963 RESOLUTION APPROVING SALE OF 657A PROPERTY POLICY OF THE CITY OF WATERLOO, IOWA. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA, that the Sale of 657A Property Policy of the City of Waterloo, Iowa, attached as "Exhibit A", be and the same is hereby approved. PASSED AND ADOPTED this 25th day of October, 2010. Ern st G. Clark, ayor ATTEST: /—' — ,. 1 uzy Scha es, CMC City Clerk EXHIBIT "A" Sale of 657A Property Policy Process for identifying eligible housing for rehabilitation: 1. Housing eligible for rehabilitation will be identified based on an inspection from the inspection team. • Building Maintenance Administrator (And or Designee) • Fire Marshall (And or Designee) • Director of Community Development (And or Designee) • Community Planning and Zoning Staff 2. If property is deemed sound enough for rehabilitation, then check list of requirements for rehab will be created. 3. The planning and Zoning Department will then prepare development proposal and bid packet. Bid packet will contain a development agreement that must be signed for bid to be considered as well as a $1,000 earnest down payment. 4. Once Bid Packet is complete, property will be advertised for sale by way of for sale sign in yard and published in the legal section of the Waterloo Courier. 5. Once all bids are submitted on or before the deadline, the Review Committee will meet and rank all bids using the 'Bid -ranking Sheet". • Building and Grounds Chair • Council Representative • Planner II -Planning and Zoning Department • Planning, Zoning and Development Director • Community Development Director • Contract Compliance • City Attorney • Code Enforcement Representative • Manager of Rehabilitation Services 6. All bids will then be submitted to the Building and Grounds Committee for review with a recommendation from the Review Committee. 7. The Building and Grounds Committee will review and make recommendation the City Council. 8. The City Council will set date of hearing of city owned property and publish an official notice pertinent to the requested sale. 9. Hearing of sale of property will be heard a minimum of two weeks later as required by State Law. 10. Property will be transferred to successful bidder by "Quit Claim" Deed following council approval. 11. An inspection will occur at six (6) and twelve (12) months or as needed per type of work needed to ensure the rehabilitation is occurring per the signed development. Address of PropeM The City of Waterloo, Iowa, is inviting proposals for the sale and development of property located at Address. The following information details the criteria for submitting a bid for the development of this parcel. Any questions regarding the criteria should be directed to the Community Planning & Development Department for the City of Waterloo. Community Planning & Development Department 715 Mulberry Street - City Hall Waterloo, Iowa 50703 319.291.4366 STATEMENT OF INTENT The City of Waterloo, Iowa, desires to actively assist the private sector in developing this property. The City is offering the following property for development: 261 Cottage Grove The City intends to allow prospective developers to compete for the acquisition and rehabilitation of this property on the basis of the quality of development as well as price. SUBMISSION REQUIREMENTS Proposals must be submitted in narrative form and be accompanied by legible drawings in order for additional copies to be made. Proposals must also address each of the items listed herein. An offer to bid form is also enclosed with this packet that must be filled out with purchase information. Proposals will be reviewed by the Dilapidated Housing Committee and reported as to how the proposals fit the criteria established within this RFP. The proposal will then be sent to the Building & Grounds Committee for review and recommendation, and ultimately a public hearing will be held by the City Council to consider the recommendation. The City reserves the right to reject any and all proposals and to waive informalities in any proposal. PROPOSALS MUST ADDRESS EACH OF THE FOLLOWING: 1. Proposed Use The proposed development site is zoned "R-2" District. The proposed use must meet all zoning requirements for a Principal Permitted Use in the " R-2" District. Intended use following rehabilitation of property must be identified as one of the following categories: • Home owner occupied • Rental • Sale to potential home owner • General sale to any and all interested purchasers 2. Site Development The City feels that the aesthetic treatment of the rehabilitation is extremely important. Therefore, a detailed landscaping plan and construction plan including siding material, accessory structures, etc. must be submitted with proposal. All properties sold shall be rehabilitated as Single-family homes regardless of Zoning_ District that the property is in. However, a property that was originally built as a duplex or Multi Family structure and/or was legally established at a later date may be rehabilitated as such. Materials Used in Construction Materials must be of good quality and, in visual appearance, match existing woodwork through out house. For example, crown molding or door/ window trim must have the same appearance and finish as existing molding or trim, unless all molding or trim in a room is replaced. 3. Financial Capacity The proposed developer must provide evidence of financial ability to timely commence and complete the project. This information shall be kept confidential and may be by letter of intent from bank for financing or other similar documentation. As security for completion of the project, the Developer will be required to post a performance bond in the sum of $10,000 per property, in form acceptable to the City, or place $10,000 dollars per property in a non-interest bearing escrow account with the Law office of Clark, Butler, Walsh, and Hamann. If the project is not completed and either the structure(s) have to be demolished or the project has to be completed by the City, then the City may, as appropriate, enforce the bond or use the per -property escrowed sum to defray the actual costs and expenses incurred by the City. As to escrowed funds, the Developer may request, at a rate of not more than $10,000 per home, a full reimbursement of such funds as (a) each home is completed in accordance with the terms and conditions of the development agreement, (b) the home has passed the 12 month inspection, and (c) an occupancy permit has been acquired. In addition, the Developer must submit with its bid proposal a certified check or money order in the amount of $1,000 per property as earnest money for the purchase: Earnest money will be included in the purchase price at closing. 4. Project Team The proposal must list the names, addresses, and daytime phone numbers of the persons with a financial interest in the project. The proposal shall also include any relevant experience that demonstrates the ability to complete this project. 5. Timetable The development project must commence construction within three (3) months and be completed within twelve (12) months from the date of possession. If, after transfer of the property by the City to developer, construction is not commencing in accordance with the attached schedule as described, the title to the real estate will revert to City of Waterloo, free of any liens, encumbrances, etc. against said property. Developer agrees to sign all necessary documents for said reversion. If construction is not completed, at the end of twelve (12) months, but the development of the project is still imminent, the City Council may but shall not be required to grant an extension of time for the rehabilitation of the building. 6. Bid Price The City of Waterloo has determined, that the minimum bid value of this property is: $5,000 However, once the minimum bid price of $5,000 is met, therip mars criteria shall be the quality and type of the construction rather than the purchase price. NOTES: A site plan, including landscaping and a perspective complete list of intended construction and improvements must be included with the narrative proposal. All properties sold shall be rehabilitated as Single-family homes regardless of Zoning District that the property is in. However, a property that was originally built as a duplex or Multi Family structure and/or was legally established at a later date may be rehabilitated as such. The enclosed Offer form included therein must also be submitted with the narrative proposal. An earnest fee of $1,000.00 per property is also needed with the Offer to Buy form. Review Criteria The categories to be used in evaluating the proposals include but are not limited to the following: 1.) Proposed Land Use (Proposed construction will be reviewed for their compatibility and appropriateness for site. 2.) Quality of Proposed Development (Probable assessed value of any proposed new structures (ie: garage) and improvements will be weighed with offering price to determine full impact of community benefits: offer price + taxes paid). 3.) Architectural and Aesthetic Design Considerations (Design considerations ie: windows, siding, site layout, driveway (gravel or paved), and accessory structures). 4.) Price (While the price will not be sole determining factor, it will be an important part of the equation, in conjunction with other criteria, to assure the City as whole they are serving the citizenry in a fair and beneficial manner). 5.) Homeownership is a priority to the City of Waterloo; therefore any bidders that plan to live in the property after rehabilitation is complete or sell to homeowner will be scored higher. City of Waterloo Property Bid Sheet Property to be bid upon: 261 Cottage Grove Name in which property would be transferred: Name of bidder: Address of bidder: Phone & Fax number of bidder: My offer for property being bid upon: $1,000.00 earnest fee: (Note: this amount is refundable for unsuccessful bidders. The fee will not be refunded for successful bidders who withdraw their offer. Also, it is required that the earnest fee be paid per property if bidding on multiple properties.) Brief Description of intended Improvements: Furthermore, I understand the zoning designation of the property and building code requirements that I am bound by this designation for my use of property. Note: The successful bidder will be required to sign a Development Agreement binding them to the specified completion deadline of twelve (12) Months. Signature of applicant/ bidder Date * Please Place this sheet at the beginning of your bid packet when submitting to Clerks office.