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SV City Council holds special session on flood buyout

Fri, Apr 11th, 2008
Posted in Government

The Spring Valley City Council met in Special Session on Wednesday night (April 9, 2008) to take action on three items regarding buy out of property in the Flood Plain.

Flood Damage Buyout by City

Lucille Daggett had approached the City Council in recent months requesting that her property at 204 S. Hudson be purchased under the DNR Flood Buyout Program. Under that grant property owners in the floodplain can sell their property to the City for various public uses, mainly parks. She brought the proposal forward when she learned that the assessment on street and water improvements in a project affecting her home would be more than the property is worth. At the meeting on Wednesday, the City sent Lucille Daggett a letter that stated; "The residence owned by Lucille Daggett located at 204 S. Hudson Avenue is a property that has been targeted for possible purchase." In response the city has submitted a grant to the DNR requesting assistance in purchasing the property. The assistance from the DNR is required for the city to be able to move ahead with purchasing the property. The grant request to the DNR is for $103,000.00 which will cover the purchase and removal of the property. It is expected that a response will be known in the next couple of weeks.

Resolutions for Flood Damage Reduction Grant

A resolution was also passed authorizing City Administrator, Deb Zimmer to act as a legal sponsor for the project. The entire purchase of the Daggett property is contingent on the grant from the DNR.

Also under the Flood Damage Reduction Grant was a resolution requesting grant monies for the demolition of the former "Lumberyard Partnership Facility." The City currently owns the building and is leasing it out until August of 2008. The grant money would be used to demolish the building. There is no estimate of the cost at this point.

Grant Transfer of Repayment of Responsible Party

The three buildings on Broadway owned by Rebecca Goodsell are for sale as the owners plan to move to Wisconsin. The City currently holds a mortgage of $43,000.00 in the form of a Small Cities Grant in the form of Sidewalk Bonds. The owners have requested that the mortgage agreement be transferred to the next owners by the City. Deb Zimmer says there is some interest in two of the buildings and if the mortgage were passed to a new owner it might be a more attractive purchase to someone. The Council voted to permit that transfer to take place.

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