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TO: Mayor Richard C. Irvin
FROM: Law Department
DATE: April 17, 2025
SUBJECT:
Resolution of disputes between the City and the owners of 35 N Broadway Ave. 114 Prairie St; acquisition of 35 N Broadway.
PURPOSE:
To avoid litigation regarding the cost or necessity of the City's emergency repairs to 35 N Broadway Ave and to remediate ongoing code violations at 114 Prairie St.
BACKGROUND:
35 N Broadway is located at the southeast corner of North Broadway Avenue and New York Street,. The property has parcel identification number of 15-22-332-001 and is improved with 7,140 square foot, two story, masonry-constructed building with the underlying land parcel containing approximately 4,356 square feet. The building contains 3 units, with a first-floor retail unit. Second floor unit contains a residential apartment, a remodeled office space and a rear unit that has been gutted and yet to be updated. The property is zoned Downtown Core District. In 2023, Property Standards cited the owner of 35 N. Broadway with multiple citations which the City cured due to the life and safety concerns.
The owner of 35 N Broadway disputed the necessity and cost of the City's remediation efforts. Separately, another property under common ownership, 114 Prairie has been the subject of code violations dating to 2020. In an effort to resolve this dispute and to ensure the redevelopment of 114 Prairie, City staff and the owner (through various business entities) have agreed that the City will acquire 35 N Broadway for $278,500 with $75,000 being held in escrow to fund the redevelopment of 114 Prairie.
DISCUSSION:
Purchase of this property will allow the City to provide development opportunities in an area adjacent to other significant developments in the downtown area and lead to the redevelopment of the property at 114 Prairie. The funding for this purchase will be from Risk funds. The City will be purchasing a property that has been appraised with a value in the middle ran...
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