Dubuque Industrial Center West- Urban Renewal Plan 2018.2 Hearing Copyrighted
May 21 , 2018
City of Dubuque Public Hearings # 11.
ITEM TITLE: Dubuque Industrial Center West- Urban Renewal Plan
Amendment (2018.2)
SUMMARY: Proof of publication on notice of public hearing to consider
approval of the Amended and Restated Urban Renewal
Plan, Version 2018.2, for the Dubuque Industrial Center
Economic Development District, and the City Manager
recommending approval.
RESOLUTION Approving the Amended and Restated
Urban Renewal Plan, Version 2018.2, for the Dubuque
Industrial Center Economic Development District
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt
Resolution(s)
ATTACHMENTS:
Description Type
DICW Urban Renewal Plan Amendment 2018.2-NNM City Manager Memo
Memo
Staff Memo Staff Memo
Urban Renewal Plan Supporting Documentation
Attachment A- area map Supporting Documentation
Attachment B1 - Ebsting Land Use Supporting Documentation
Attachment B2 - Proposed Land Use Supporting Documentation
Attachment C - Bonded Indebtedness Supporting Documentation
Attachment D - Legal Description Supporting Documentation
Taxing Body Consultation Minutes Supporting Documentation
Resolution of Adoption Resolutions
THE CITY OF Dubuque
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Masterpiece on the Mississippi Z°°'�w'2
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Amended and Restated Urban Renewal Plan for Dubuque Industrial
Center Economic Development District, Version 2018.2
DATE: May 14, 2018
Economic Development Director Maurice Jones recommends City Council approval of
the Amended and Restated Urban Renewal Plan, Version 2018.2, for the Dubuque
Industrial Center Economic Development District.
The Amended and Restated Urban Renewal Plan, Version 2018.2 for the District would
authorize the undertaking of an additional urban renewal project in the District with
Medline Industries, Inc., consisting of developing, constructing and operating a new
office building. The Urban Renewal Plan would also add property to the District to
create Subarea K, which would be formed from property removed from Subarea C of
the District by Version 2018.1 of the Amended and Restated Plan. The property that
would be added as Subarea K by the Urban Renewal Plan, Version 2018.2, is currently
undeveloped and is the proposed site of the Medline Industries, Inc. project.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
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Mic ael C. Van Milligen �� �
MCVM:jh
Attachment
cc: Crenna Brumwell, City Attorney
Teri Goodmann, Assistant City Manager
Cori Burbach, Assistant City Manager
Maurice Jones, Economic Development Director
Dubuque Economic Development Department
THE CITY OF 50 West 13t"Street
All-AmericaCitY Dubuque,lowa 52001-4864
1 ' Office(563)589-4393
TTY(563)690-6678
° http://www.cityofdubuque.org
Masterpiece on the Mississippi 200,.2012•2013
TO: Michael Van Milligen, City Manager
FROM: Maurice Jones, Economic Development Director
SUBJECT: Amended and Restated Urban Renewal Plan for Dubuque Industrial
Center Economic Development District, Version 2018.2
DATE: May 14, 2018
INTRODUCTION
The purpose of this memorandum is to forward for City Council review and approval the
Amended and Restated Urban Renewal Plan, Version 2018.2, for the Dubuque
Industrial Center Economic Development District ("District"). The proposed amendment
will comply with the provisions of House File 2460, adopted by the lowa legislature in
2012, requiring urban renewal plans be amended or modified to reflect any active urban
renewal project.
The proposed Amended and Restated Urban Renewal Plan, Version 2018.2, ("Urban
Renewal Plan") for the District would authorize the undertaking of an additional urban
renewal project in the District with Medline Industries, Inc. consisting of developing,
constructing and operating a new office building. The Urban Renewal Plan would also
add property to the District to create Subarea K, which would be formed from property
removed from Subarea C of the District by Version 2018.1 of the Amended and
Restated Plan. The property that would be added as Subarea K by the Urban Renewal
Plan, Version 2018.2, is currently undeveloped and is the proposed site of the Medline
I nd ustries, I nc. project.
BAC KG RO U N D
The original Dubuque Industrial Center Economic Development District was created on
May 2, 1988. The District is an urban renewal area which allows the City of Dubuque to
capture tax increment revenue from improvements made in the District in order to
promote economic development activities. The original area included the Dubuque
Industrial Center (known as Subarea A) and has been expanded several times over the
years to include the Dubuque Industrial Center West, the County Farm, the Bergfeld
Farm, the North Siegert Farm, the Rail Site, the South Siegert Farm, the Graf Farm,
McFadden Farms, small adjacent parcels, and several County-owned parcels (known
as Subareas B, C, D, E, F, G, H, I, and J respectively). Most recently, property was
removed from Subarea C of the District with the adoption of Version 2018.1 of the
Urban Renewal Plan.
On April 16, 2018, a Resolution of Necessity was adopted finding that proposed
changes to the DistricYs boundaries are necessary and appropriate to facilitate the
proper growth and development of the community in accordance with sound planning
and local community objectives.
On April 26, 2018, a Consultation was conducted with the affected taxing entities as
required by Chapter 403.5 of the lowa Code, providing an opportunity to discuss,
question, or object to the findings in these documents. Prior to the meeting, the taxing
entities were mailed copies of the Amended and Restated Urban Renewal Plan and the
Notice of Public Hearing. No representatives were in attendance.
On May 11 , 2018, the public notice of public hearing was published to allow for the
appropriate publication requirements.
DISCUSSION
City Staff have negotiated an agreement with Medline Industries, Inc., which plans to
expand its operations in Dubuque. The company desires to retain 481 jobs in Dubuque
and add at least 105 new full-time employees. Medline Industries has identified a
parcel that would accommodate its new facility, which was formerly included in Subarea
C of the District and is proposed by this Urban Renewal Plan to be included in the
District as part of Subarea K. In order to provide appropriate business incentives for
this local growth, Staff wishes to amend the current Urban Renewal Plan to include the
proposed site of this project in the District and identify the Project in the Plan.
In addition, staff recommends that the DistricYs borders be amended to include the
undeveloped parcel of land formerly included in Subarea C of the District (but removed
by Version 2018.1 of the Urban Renewal Plan) in order to accommodate future
development of the parcel. The Urban Renewal Plan would create a new Subarea of the
District, Subarea K, which would receive a new 20-year period to use tax increment
financing for the parcel's development.
The Dubuque Comprehensive Plan calls for new or expanded industrial parks to
support both industrial and commercial business growth, which can be fulfilled by
providing industrial development sites within the community and promoting the retention
and expansion of existing, and attraction of new, industrial development opportunities in
suitable locations.
The City of Dubuque has had tremendous success with its economic development
approach, receiving multiple national recognitions for job creation. This is in no small
part due to the City's decision in the mid 1990's to acquire and develop over 900 acres
of property to provide a 20-year supply of industrial park land. This proposed
modification of the District would further the City's goals for economic development.
RECOMMENDATION/ ACTION STEP
I recommend that following the public hearing, the attached resolution adopting the
Amended and Restated Urban Renewal Plan, Version 2018.2, for the District be
approved to support continued development of the District.
Prepared By: Jill Connors, ED City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4393
Return To: Kevin Firnstahl, City Clerk City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4121
RESOLUTION NO. 158-18
APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN, VERSION
2018.2, FOR THE DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT
DISTRICT
Whereas, by Resolution 108-18 on April 16, 2018 the City Council of the City of
Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal
Plan (the "Amended and Restated Urban Renewal Plan" or "Plan") for the Dubuque
Industrial Center Economic Development District (the "District"); and
Whereas, the Amended and Restated Urban Renewal Plan for the District, Version
2018.2, is on file in the City Clerk's Office; and
Whereas, the City of Dubuque's primary objective for the Amended and Restated
Urban Renewal Plan for the District is to provide opportunities which will further economic
development purposes and objectives as described in the Plan; and
Whereas, the City Council has previously approved Version 2018.1 of the Amended
and Restated Plan, which, among other things, removed an undeveloped portion of
property from the District; and
Whereas, the City Council has determined that the undeveloped property removed
from the District by Version 2018.1 of the Amended and Restated Plan continues to be
an economic development area as defined in Chapter 403 of the Iowa Code and therefore
should be included in the District's boundaries to form a new Subarea K to the District in
order to accommodate future development on that property; and
Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa, has
held a public hearing on the Amended and Restated Urban Renewal Plan after public
notice thereof.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the Amended and Restated Urban Renewal Plan for the Dubuque
Industrial Center Economic Development District, Version 2018.2, is hereby approved.
Section 2. That a feasible method exists for the location of any families who will be
displaced from the District, as amended, into decent, safe and sanitary dwelling
accommodations within their means and without undue hardship to such families; and
that the Amended and Restated Plan conforms to the general plan of the City as a whole.
The City does not currently anticipate the acquisition of any real property in connection
with the land and projects included in the Plan.
Section 3. That the District, as amended, continues to be an area for economic
development (commercial and industrial) within the meaning of Iowa Code Chapter 403;
that such area is eligible for designation as an urban renewal area and otherwise meets
all requisites under the provisions of Iowa Code Chapter 403; and that the rehabilitation,
conservation, redevelopment, development, or a combination thereof, of such area is
necessary in the interest of the public health, safety or welfare of the residents of this City.
Section 4. That, notwithstanding any resolution, ordinance, plan, amendment or any
other document, the Amended and Restated Plan shall be in full force and effect from the
date of this Resolution until the Council amends or repeals the Plan.
Section 5. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and
directed to file a certified copy of this Resolution in the office of the Dubuque County
Recorder.
/r
Passed, approved and adopted this 21st day of May, 20
18.
iW
Attest:
Kevin :� Firnstahl, ity Jerk
Roy D. Buol, Mayor
Prepared by:
Return to:
Jill Connors, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4393
Kevin S. Firnstahl, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4121
AMENDED and RESTATED
URBAN RENEWAL PLAN
Dubuque Industrial Center Economic Development District
City of Dubuque, Iowa
This Amended and Restated Urban Renewal Plan provides
for the continued development of the Dubuque Industrial
Center Economic Development District, originally established
by Resolution 130-88 of the City Council of the City of
Dubuque, Iowa on May 2, 1988 and thereafter amended and
restated by Resolution 484-90 on December 17, 1990,
Resolution 142-97 on April 7, 1997, Resolution 478-97 on
November 17, 1997, Resolution 15-08 on January 7, 2008,
Resolution 101-08 on March 17, 2008, Resolution 109-08 on
April 7, 2008, Resolution 87-11 on March 7, 2011, Resolution
171-13 on June 3, 2013, Resolution 197-15 on June 1, 2015,
Resolution 309-15 on September 8, 2015, Resolution 332-16
on September 19, 2016, Resolution 157-18 and Resolution
No. 158-18 on May 21, 2018.
Prepared by the Economic Development Department.
Version 2018.2
TABLE OF CONTENTS
A. INTRODUCTION 3
B. OBJECTIVES 4
C. DISTRICT BOUNDARIES 4
D. PUBLIC PURPOSE ACTIVITIES 5
E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS 7
F. LAND ACQUISITION AND DISPOSITION 8
G. FINANCING ACTIVITIES 9
H. STATE AND LOCAL REQUIREMENTS 11
I. DURATION OF APPROVED URBAN RENEWAL PLAN 11
J. SEVERABILITY 12
K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN 12
L. ATTACHMENTS 12
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AMENDED and RESTATED
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT
URBAN RENEWAL PLAN
City of Dubuque, Iowa
A. INTRODUCTION
This AMENDED and RESTATED URBAN RENEWAL PLAN (the "Plan") has been
prepared to provide for the further development and redevelopment of the DUBUQUE
INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT (the "District") first
established by the City of Dubuque on May 2, 1988. Its intent is to stimulate economic
development activities within the expanded District through the commitment of public
actions as specified herein.
To achieve this objective, the City of Dubuque shall undertake the urban renewal actions
specified in this Plan, pursuant to the powers granted to it under Chapter 403 of the Iowa
Code, Urban Renewal Law.
This Plan is an amendment and restatement of the Dubuque Industrial Center Economic
Development District Urban Renewal Plan adopted by Resolution 130-88 of the City
Council of the City of Dubuque, Iowa on May 2, 1988 and subsequently amended by
Resolution 484-90 on December 17, 1990, Resolution 142-97 on April 7, 1997, Resolution
478-97 on November 17, 1997, Resolution 15-08 on January 7, 2008, Resolution 101-08
on March 17, 2008, Resolution 109-08 on April 7, 2008, Resolution 87-11 on March 7,
2011, Resolution 171-13 on June 3, 2013, Resolution 197-15 on June 1, 2015 Resolution
309-15 on September 8, 2015, Resolution 332-16 on September 19, 2016, and
Resolution 157-18 on May 21, 2018. This Plan shall serve as a new urban renewal plan
for the District described herein.
The division of taxation authorized by Section 403.19 and the separation of incremental
taxes as defined in Section 403.19(2) have been implemented in the existing area of the
District (the different areas of the District are hereinafter referred to as Subareas). Under
the terms of this Plan, the tax increment mechanism shall continue in the existing
Subareas and shall be implemented within a new Subarea being added to the District.
Incremental taxes shall continue to be determined separately with respect to each of the
Subareas comprising the District, and when collected shall be applied, subject to such
liens and priorities as may exist or be from time to time provided, with respect to the
Amended and Restated Dubuque Industrial Center Economic Development District, as
so amended.
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B. OBJECTIVES
The primary objectives of the Plan are the development and redevelopment of the
District for economic development activities, primarily industrial park development,
through:
1. Provision of marketable industrial development sites for the purpose of
job -creating economic development activities;
2. Provision of public infrastructure improvements, including sanitary sewer,
water and stormwater detention, supportive of full development of the
District;
3. Provision of a safe, efficient and attractive circulation system;
4. Establishment of design standards which will assure cohesive and
compatible development and redevelopment of the District;
5. Provision of public amenities that provide an aesthetically appealing
environment, including open space, buffering, landscaping, water features,
signage and lighting to create a distinctive and attractive setting;
6. Creation of financial incentives necessary to encourage new and existing
businesses to invest in the District; and
7. Expansion of the property tax base of the District.
C. DISTRICT BOUNDARIES
The District is located entirely within the County of Dubuque, State of Iowa. Most of the
District, including all of Subareas A, B, C (as amended by Version 2018.1 of the Plan),
D, E, G, and H currently is within the corporate limits of the City of Dubuque. In
accordance with Iowa Code Section 403.17(4), Dubuque County consented to the
inclusion of Subarea F in the District in a Joint Agreement between the City and County,
dated April 20, 2015. The City expects that Subarea F ultimately will become part of the
City of Dubuque. In accordance with Iowa Code Section 403.17(4), Dubuque County
consented to the inclusion of Subareas I and J in the District in a Joint Agreement
between the City and County, dated August 8, 2016.
This Plan creates a new Subarea within the District, Subarea K, by adding property to
the District. Subarea K includes undeveloped property that was previously a portion of
Subarea C, but that was removed from Subarea C by Version 2018.1 of the Plan.
The City of Dubuque believes that the objectives of the Plan can best be accomplished
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by defining the real property included within the District as eleven separate areas so as
to distinguish the original District (Subarea A) from the subsequent expansion areas
(Subareas B, C (as amended), D, E, F, G, H, I, J, and K).
The descriptions of the boundaries of each Subarea are attached to this Plan as
ATTACHMENT D, District Boundary Description by Subarea.
The boundaries of the District are delineated on the Subarea Map, attached to this Plan
as ATTACHMENT A.
The City of Dubuque reserves the right to further modify the boundaries of the District at
some future date. Any amendments to the Plan will be completed in accordance with
Chapter 403 of the Iowa Code, Urban Renewal Law.
D. PUBLIC PURPOSE ACTIVITIES
To meet the OBJECTIVES of this Plan, the City of Dubuque has and expects to
continue to initiate and support development and redevelopment of the District through,
among other things, the following PUBLIC PURPOSE ACTIVITIES:
1. Acquisition of property for public improvements and private development;
a.) These activities include, but are not limited to, previously
approved consultant work that will examine and identify future
areas for acquisition and industrial park development.
b.) These activities also include the acquisition of property that is
included in the previously approved Subareas of this Plan.
2. Demolition and removal of buildings and improvements not compatible
with or necessary for industrial park development and all site preparation
and grading required in connection with such development;
a.) These activities include, but are not limited to, the previously
approved site work and grading associated with the
development of the Dubuque Industrial Center, the Dubuque
Industrial Center West and Dubuque Industrial Center South.
3. Improvement, installation, construction and reconstruction of streets,
utilities and other improvements and rights -of -ways including but not
limited to the relocation of overhead utility lines, street lights, construction
of railroad spur tracks, appropriate landscaping and buffers, parks and
open space and signage;
a.) These activities include, but are not limited to, the previously
approved development of road, water, wastewater, and storm
water infrastructure associated with the development of the
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Dubuque Industrial Center, the Dubuque Industrial Center West
and the Dubuque Industrial Center South.
b.) These activities include, but are not limited to, the previously
approved development of the Bergfeld recreational area, pond,
and walking trail, as well as additional signage and trail
improvements.
c.) These activities also include the construction and installation of
supporting infrastructure within the District.
4. Disposition of any property acquired in the District, including sale, initial
leasing or retention by the City itself, at its fair value;
5. Preparation of property for development and redevelopment purposes
including but not limited to activities such as appraisals and architectural
and engineering studies;
b.) These activities include, but are not limited to, the previously
approved site work and grading associated with the
development of the Dubuque Industrial Center, the Dubuque
Industrial Center West and Dubuque Industrial Center South.
6. Maintenance of publicly utilized recreational and economic development
areas;
a.) These activities include, but are not limited to, general
landscaping and maintenance expenses in public right-of-way
and undeveloped land owned by the City of Dubuque.
7. Use of tax increment financing, loans, grants and other appropriate
financial tools in support of eligible public and private development and
redevelopment efforts;
a) These activities also include, but are not limited to,
previously approved property tax rebate agreements with:
• Leo A. Theisen and Theisen Supply, Inc.;
• A.Y. McDonald Mfg. Co.;
• Green Industrial Supply;
• Walter Development, LLC and TM, Inc.;
• Spiegel Family Realty Company;
• Progressive Processing, LLC/Hormel;
• ITC Midwest LLC;
• Medline Industries, Inc. (approved November 19, 2007);
• Art's -Way Vessels, Inc.;
• Kendall/Hunt Publishing Company, Westmark
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Enterprises, Inc. and Great River Technologies, LLC.;
• P&L Venture, LLC, and National Dentex;
• Dubuque Screw Products, Inc.;
• Giese Properties, LLC and Giese Manufacturing
Company, Inc. (Phase I and II);
• Faley Properties, L.L.C. and Faley Enterprises, Inc.;
• Malay Holdings, LLC, and Vanguard Countertops, Inc.;
• Tri-State Industries;
• TriState Quality Metals, LLC;
• Roasting Solutions, LLC;
• Flexsteel Industries, Inc.; and
Medline, Industries, Inc. (anticipated to be approved May
21, 2018).
a.) These activities include, but are not limited to, previously
approved agreements to sell bonds, leveraging tax increment
financing on capital improvement for;
• American Tank and Fabrication, Co. (formerly Vessel
Systems, Inc.) for the development of a 31,000 square
feet industrial manufacturing facility at 8025 Chavenelle
Road.
• The Adams Company for the development of a 50,000
square foot industrial facility at 8040 Chavenelle Road.
8. Enforcement of applicable local, state and federal laws, codes and
regulations;
9. Enforcement of established design standards in furtherance of quality
development;
10. Development and implementation of a marketing program for the purpose
of promoting the purchase and development of industrial sites by private
developers;
11. Coordination and cooperation with the improvement of Seippel Road as it
affects Subarea B's accessibility to U.S. Highway 20.
12. Contracts with vendors to promote business retention, expansion,
recruitment, and workforce development;
a.) These activities include, but are not limited to, a contract for
service with the Greater Dubuque Development Corporation to
promote business retention and expansion, workforce
development, new business recruitment and commercial and
industrial expansion in the District.
b.) These activities include, but are not limited to, related legal
7
expenses.
13. Construction by the County of one or more County -owned buildings in
Subareas I and/or J.
a.) These activities include the support of the County's investment
of Dubuque County funds into the construction of a new office
building and a new maintenance and storage shop on certain
County -owned real property situated at 13047 City View Drive for
use by the County's Secondary Roads, Health, Zoning and County
Assessor Departments. The County funding for this project may
come from borrowed funds through the issuance of general
obligation indebtedness or such other sources as the County may
identify in the future. It is not anticipated that the City or TIF funds
from the District will finance this project in any way.
Public purpose activities are limited to those areas delineated on the URBAN
RENEWAL DISTRICT map (Attachment A).
All public purpose activities shall be conditioned upon and shall meet the restrictions
and limitations placed upon the District by the Plan.
E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS
The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall apply to
any and all District properties the development and/or the redevelopment of which is
assisted by the City through any of the PUBLIC PURPOSE ACTIVITIES listed above.
1. Land Use
Subareas A, B, C, D, E, F, G, H, I, J, and K shall continue to be developed under
the regulations of the existing Dubuque Industrial Center Planned Industrial
District. The allowed uses provide for a mix of commercial and industrial land
use activities within a quality industrial park setting.
LAND USE maps (Attachments B-1 and B-2) identify the existing and the
proposed land uses within Subareas A, B, C, D, E, F, G, H, I, J, and K.
2. Planning and Design Criteria
The planning criteria to be used to guide the physical development of Subareas
A, B, C, D, E, F, G, H, and K are those standards and guidelines contained within
the City of Dubuque's Unified Development Code and other applicable local,
state and federal codes and ordinances.
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a. Subarea A development will continue to be additionally governed by the
Conditions of Development and Operation Documents of the Dubuque
Industrial Center Planned Industrial District as amended from time to time.
b. Subareas B, C, D, E, F, and K will develop under a PI Planned Industrial
District ordinance as required by Section 16-5-24 of the City of Dubuque's
Unified Development Code. Development will follow the Planned Unit
Development regulations which require a conceptual development plan
and specific design and performance standards to be approved by
ordinance.
c. Subareas G and H are intended to develop as an Industrial area similar to
Subareas B, C, D, E, and F.
d. Subareas I and J are located in Dubuque County outside of City of
Dubuque corporate limits and therefore are not subject to City
Development Codes.
F. LAND ACQUISITION AND DISPOSITION
The City of Dubuque is prepared to acquire and dispose of property in support of the
development and redevelopment of the District within the parameters set forth below.
1. Land Acquisition
The City has acquired substantially all of the land located within the District
except Subareas I and J and has made the same available for private
development in accordance with this Plan.
2. Land Disposition
All City owned land that is available for development within the District, will be
sold for the development of viable uses consistent with this Plan and not for
purposes of speculation.
Land will be disposed of in accordance with the requirements set forth in Chapter
403 of the Iowa Code, Urban Renewal Law. Developers will be selected on the
basis of the quality of their proposals and their ability to carry out such proposals
while complying with the requirements of this Plan.
Developers will be required by contractual agreement to observe the Land Use
Requirements and Planning and Design Criteria of this Plan. The contract and
other disposition documents will set forth the provisions, standards and criteria
for achieving the objectives and requirements outlined in this Plan.
3. Relocation Requirements
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No relocation is anticipated at this time.
G. FINANCING ACTIVITIES
To meet the OBJECTIVES of this Plan and to encourage the development of the District
and private investment therein, the City of Dubuque is prepared to provide financial
assistance to qualified industries and businesses through the making of loans or grants
under Chapter 15A of the Iowa Code and through the use of tax increment financing
under Chapter 403 of the Iowa Code.
1. Chapter 15A Loan or Grant
The City of Dubuque has determined that the making of loans or grants of public
funds to qualified industries and businesses is necessary to aid in the planning,
undertaking and completion of urban renewal projects authorized under this Plan
within the meaning of Section 384.24(3)(q) of the Iowa Code. Accordingly, in
furtherance of the objectives of this Plan, the City of Dubuque may determine to
issue bonds or loan agreements, in reliance upon the authority of Section
384.24A, Section 384.24(3)(q), Section 403.12 (general obligation bonds) or
Section 403.9 (tax increment bonds), for the purpose of making loans or grants of
public funds to qualified businesses located within the District. Alternatively, the
City may determine to use available funds for the making of such loans or grants.
In determining qualifications of recipients and whether to make any such
individual loans or grants, the City of Dubuque shall consider one or more of the
factors set forth in Section 15A.1 of the Iowa Code on a case-by-case basis.
2. Tax Increment Financing
The City of Dubuque is prepared to utilize tax increment financing as a means of
financing eligible costs incurred to implement the Public Purpose Activities
identified in Part D of this Plan. Bonds, tax rebate agreements and/or loan
agreements may be issued by the City under the authority of Section 403.9 of the
Iowa Code (tax increment bonds) or Section 384.24A, Section 384.24(3)(q) and
Section 403.12 (general obligation bonds).
The City acknowledges that the use of tax increment revenues delays the ability
of other local taxing bodies to realize immediately the direct tax benefits of new
development in the District. The City believes, however, that the use of tax
increment revenues to finance the development of new industrial land and to
promote private investment in the District is necessary in the public interest to
achieve the OBJECTIVES of this Plan. Without the use of this special financing
tool, new investment may not otherwise occur or may occur within another
jurisdiction. If new development does not take place in Dubuque, property values
could stagnate and the City, County and School District may receive less taxes
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during the duration of this Plan than they would have if this Plan were not
implemented.
Tax increment financing will provide a long-term payback in overall increased tax
base for the City, County and School District. The initial public investment
required to generate new private investment will ultimately increase the taxable
value of the District well beyond its existing base value.
Tax increment reimbursement may be sought for, among other things, the
following costs to the extent they are incurred by the City:
a. Planning and administration of the Plan;
b. Construction of public infrastructure improvements and facilities within the
District;
c. Acquisition, installation, maintenance and replacement of public
investments throughout the District including but not limited to street lights,
landscaping and buffers, signage and appropriate amenities;
d. Acquisition of land and/or buildings and preparation of same for sale or
lease to private developers, including any "write down" of the sale price of
the land and/or building;
e. Preservation, conservation, development or redevelopment of buildings or
facilities within the District to be sold or leased to qualified businesses;
f. Loans or grants to qualified businesses under Chapter 15A of the Iowa
Code, including tax rebate payments, debt service payments on any
bonds issued to finance such loans or grants, for purposes of expanding
the business or activity, or other qualifying loan programs established in
support of the Plan; and
g.
Providing the matching share for a variety of local, state and federal grants
and loans.
h. Any of the costs incurred in connection with any of the PUBLIC PURPOSE
ACTIVITIES described in Part D of this Plan.
3. Proposed Amount of Indebtedness
At this time, the extent of improvements and new development within the District
is only generally known. As such, the amount and duration for use of the tax
increment revenues for public improvements and/or private development can
only be estimated; however, the actual use and amount of tax increment
revenues to be used by the City for District activities will be determined at the
11
time specific development is proposed.
It is anticipated that the maximum amount of indebtedness which will qualify for
tax increment revenue reimbursement during the duration of this Plan, including
acquisition, public improvements and private development assistance within the
District, will not exceed $50,000,000.
The City of Dubuque's current general debt subject to the constitutional debt limit is
$132,567,205 (a list of the outstanding obligations is found at Attachment C) and the
current constitutional debt limit is $209,048,707.
H. STATE AND LOCAL REQUIREMENTS
All provisions necessary to conform with state and local laws have been complied with
by the City of Dubuque in the implementation of this Plan and its supporting documents.
I. DURATION OF APPROVED URBAN RENEWAL PLAN
1. Subarea A
This Plan shall continue in effect for Subarea A until terminated by action of the
City Council, but in no event before the City of Dubuque has received full
reimbursement from all incremental taxes of its advances and principal and
interest payable on all Tax Increment Financing or general obligations issued to
carry out the OBJECTIVES of the Plan.
2. Subareas B, C, D, E, F, G, H, 1, J, and K
This Plan shall continue in effect until terminated by the City Council; provided,
however, that the collection of tax increment revenues from properties located in
Subareas B, C, D, E, F, G, H, 1, J, and K shall be limited as provided by law
(currently twenty (20) years from the calendar year following the calendar year in
which the City first certifies to the County Auditor the amount of any loans,
advances, indebtedness or bonds which qualify for payment from the division of
tax increment revenue as provided for in Section 403.19 (tax increment
financing) of the Iowa Code, or in which the City first includes the Subarea in an
ordinance for the division of tax increment revenue).
The DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS established, or as
amended from time to time by the City of Dubuque Zoning Ordinance, shall remain in
effect in perpetuity.
J. SEVERABILITY
In the event one or more provisions contained in this Plan shall be held for any reason
12
to be invalid, illegal, unauthorized or unenforceable in any respect, such invalidity,
illegality, unauthorization or unenforceability shall not affect any other provision of this
Plan and this Plan shall be construed and implemented as if such provision had never
been contained herein.
K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN
This Plan may be amended from time to time to respond to development opportunities.
Any such amendment shall conform to the requirements of Chapter 403 of the Iowa
Code. Any change effecting any property or contractual right can be effectuated only in
accordance with applicable state and local law.
L. ATTACHMENTS
A Urban Renewal District Map
B Land Use Maps
B-1 Existing Land Use
B-2 Proposed Land Use
C List of General Obligation Debt
D Legal Descriptions
13
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Summary of Bonded Indebtedness
Description
Date Average Year of Amount Principal Principal Interest Principal
of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30117 FY 2018 FY 2018 6/30/18
General Obligation Bonds
JEssential Corporate Purpose!
Airport T -Hangars - Refunded - Sales Tax 20% 12-10-12 1.2193% 2020 405,365 172,000 50.000 2,556 122,000
Airport New Terminal Fumishings - Sales Tax 20% 11-17-14 3.3000% 2026 55,000 45.000 5,000 1,350 40,000
Airport Improvements Refunding 04-17-17 3.0000% 2030 282,200 282,200 17,200 9,501 265,000
Airport Improvements - PFC 06-28-12 3.1972% 2032 2,145,000 1,770.000 100,000 54,778 1,670,000
Airport Improvements - Sales Tax 20% 06-28.12 3.1972% 2032 90,000 50.000 10,000 1,085 40,000
Airport Terminal Utility Improv - PFC 11-17-14 3.3000% 2034 690,000 630,000 30,000 20,156 600,000
Airport New Terminal Roads/Parking Sales Tax 20% 04-04-16 2.7896% 2036 635,927 610,030 28,775 15,779 581,255
America's River Refunding -General Fund 04-17-17 3.0000% 2021 1,984.100 1.984,100 465,500 66.798 1,518,600
America's River Refunding - GDTIF 04-17-17 3.0000% 2021 1,255,000 1,255,000 295.000 42,252 960,000
Building •Conf Center Improv - Sales Tax 20% 06-28-12 2.7903% 2022 60,200 43,000 8.600 1,290 34,400
Building 18th Street Improv Sales Tax 20% 08-01-11 3.5863% 2026 620,041 425,058 40,946 15,604
Building 18th Street Improv Sales Tax 20% 3/19/2018 3.0464% 2026 391,913 - - - 391,913
Building City Hall Brickwork - Sales Tax 20% 06-28-12 2.7903% 2027 393.000 295,500 25.500 8.865 270,000
Building Smart Meters Refunding 04-17-17 3.0000% 2030 45,400 45,400 2.800 1,228 42,600
Building Federal Building Roof - Sales Tax 20% 04-04-16 2.7896% 2035 268,404 257,474 12,145 6,660 245,329
Civic Center Improvements - Sales Tax 20% 06-28-12 2.7903% 2027 550,200 413,700 35,700 12,411 378.000
DICW Expansion -Taxable 11-04-08 5.5369% 2018 2,465,000 430,000 430,000 23,650
DICW Expansion -Non Taxable - Refunding 04-04-16 2.9127% 2023 3,175.000 2,470,000 575,000 68,350 1,895,000
DICW Expansion - South Siegert Farm 08-01-11 3.5863% 2026 378,965 259,795 25,026 9,538
DICW Expansion - South Siegert Farm 3/19/2018 3.0464% 2026 239,534 - - - 239,534
DICW North Siegert Refunding 04-17-17 3.0000% 2029 1,285,000 1,285,000 90,000 43,262 1.195,000
DICW Expansion - Consultant 12-10-12 2.5337% 2032 151,462 130,229 7,431 3,162 122,798
DICW Expansion - South Siegert Farm - Taxable 06-28-12 3.1972% 2032 3,975,000 3,280,000 180,000 101,560 3,100,000
DICW Expansion - South Siegert Farm- Non-taxable 06-28-12 2.7903% 2032 425,000 355,000 20,000 10,962 335.000
DICW Taxable - Land Acquisition 11-17-14 3.9900% 2034 1,640,000 1,460,000 90,000 51.625 1,370,000
E911 Tower Relocation - Sales Tax 20% 06-28-12 2.7903% 2027 235,800 177,300 15,300 5.319 162,000
Fire Station #4 Improvements - Gaming 06-28-12 2.7903% 2022 65.000 45,000 5,000 1.350 40,000
Fire Amb/Building HVAC/Bunker Irrigation/Park 11-17-14 3.3000% 2025 715,000 585,000 70,000 17.550 515,000
Fire Pumper - Gaming 06-28-12 2.7903% 2027 269,800 198,800 17,750 5,964 181,050
Fire Truck Refunding - Debt Service Levy 04-17-17 3.0000% 2030 951.500 951.500 57,900 32,034 893,600
Fire Station #2/Park Improvements - Sales Tax 20% 11-17-14 3.3000% 2034 320,000 290.000 15,000 9,275 275,000
Fire Ambulance Replacement 04-17-17 3.0000% 2030 230,000 230.000 15,000 7,743 215,000
Franchise Fee Settlement Judgment Bond 04-04-16 2.9326% 2035 2,830,000 2.710,000 130,000 72,906 2,580,000
GDTIF Main Street Refunding 04-17-17 3.0000% 2021 305,000 305,000 75,000 10,268 230,000
GDTIF Kephart's Building - Refunding 04-04-16 2.9127% 2023 200,000 175.000 25.000 5,000 150,000
GDTIF Library Renovation - Refunding 04.04-16 2.9127% 2023 1,275,000 1.105,000 170,000 31,450 935,000
GDTIF Downtown Housing Refunding 04-17-17 3.0000% 2030 2,120,000 2,120,000 115,000 74,297 2,005,000
GDTIF Millwork District Refunding 04-17-17 3.0000% 2030 2,080,000 2,080,000 120,000 70,027 1.960,000
GDTIF 7th Street/2-Way Conversion 03-15-12 2.7031% 2031 5.560,000 4,505.000 275,000 114,794 4,230,000
GDTIF Intermodal 03-15-12 2.5444% 2031 4,380,000 3.550.000 215.000 86,512 3,335,000
GDTIF 5th St Restroom/MFC 12-10-12 2.5337% 2032 1,988,538 1,709.772 97.568 41.508 1,612,204
GDTIF MCIC!ADA Assist./Econ. Dev Grants 12-10-12 1.7008% 2032 1,035,000 665.000 125,000 11.746 540,000
GDTIF Washington Neighborhood Business Incentive 06-28-12 3.1972% 2032 755,000 650,000 35,000 20,105 615,000
GDTIF Intermodal/Millwork Parking/CHI 11-17-14 3.9900% 2034 5,670,000 5,670,000 206.889 5,670,000
GDTIF Transit Roof/DT Loan PoolADA Assist 11-17-14 3.3000% 2034 190,000 190,000 6.125 190,000
Library Improvements - Sales Tax 20% 06-28-12 2.7903% 2022 65,500 49.250 4,250 1,478 45,000
Library Improvements 12-10-12 2.4872% 2027 173,992 134.300 11,986 3.266 122,314
Park Improvements - Gaming 12-10-12 2.4872% 2022 209,050 129.500 20,350 2.618 109,150
Park Improvements Sales Tax 20% 12-10-12 2.4872% 2022 171,808 105,406 20,051 2.498 85,355
Park Improvements - Sales Tax 20% 06-28-12 2.7903% 2027 65,500 49.250 4,250 1,478 45,000
Park Water System Study Refunding 04-17-17 3.0000% 2030 60,000 60,000 3,600 2,020 56,400
Park Ham House - Sales Tax 20% 04-04-16 2.7896% 2035 200.668 192,496 9,080 4,979 183,416
Parking Refinanced Portions 5th/3rd St/IA Ramps 12-10-12 1.2193% 2021 5.541,573 2.068,000 715.000 30.338 1,353,000
Parking Port of Dubuque Parking Ramp 08-01-11 3.5863% 2026 590.994 405,149 39,028 14,874 -
Parking Port of Dubuque Parking Ramp 3/19/2018 3.0464% 2026 373,553 - - - 373.553
Parking Central Ave Ramp Refunding 04-17-17 3.0000% 2030 6.380.000 6.380.000 415.000 214.793 5.965.000
Parking lowa Street Ramp Improvements 08-01-11 3.3045% 2031 60,720 47,914 2,734 1.642 -
Parking Iowa Street Ramp Improvements 3/19/2018 2.9050% 2031 45,516 - - - 45.516
Parking Locust Ramp Security Cameras 06-28-12 2.7903% 2033 175,000 150,000 10.000 4,613 140,000
Parking Improvements 11-17-14 3.3000% 2034 185,000 170,000 10,000 5,387 160,000
Parking Ramp Improvements - Taxable 11-17-14 3.9900% 2034 305.000 285,000 15.000 10,055 270,000
Police Software Replacement - Gaming 12-10-12 2.4872% 2022 355.950 220,500 34,650 4,457 185,850
Police CAD Software - Gaming 11-17-14 3.3000% 2030 260,000 230,000 15,000 7,050 215,000
Description
Date Average Year of Amount Principal Principal Interest Principal
of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6130/17 FY 2018 FY 2018 6/30/18
General Obligation Bonds
jEssential Corporate Purpose)
Public Works Equipment Sales Tax 30% 11-17-14 3.3000% 2022 305,000 225,000 45,000 6,750 180,000
Public Works Equip Refunding 04-17-17 3.0000% 2030 392,000 392,000 23,900 13.197 368,100
Public Works/Transit Radio Replacement - FY18 Future 3.3000% 2038 200,000 3,695 6.067 196,305
PW Curb Ramp/Engineering Street Improv 11-17-14 3.3000% 2034 1,250,000 1,140,000 55,000 36,475 1,085.000
Recreation Improvements - Sales Tax 20% 06-28-12 2.7903% 2022 9,800 7,000 1,400 210 5.600
Recreation Improvements - Sales Tax 20% 12-10-12 2.4872% 2027 14,924 11,663 985 284 10,678
Sanitary Improvements Refunding 04-17-17 3.0000% 2030 660,000 660,000 35,000 22,220 625.000
Sanitary Sewer Improvements 08-01-11 3.3045% 2031 1,374.068 1.084,277 61.866 37,148
Sanitary Sewer Improvements 3/19/2018 2.9050% 2031 1,030.009 - - - 1.030,009
Sanitary Forcemain Repair 12-10-12 2.4872% 2032 655,239 538,403 30.112 13,419 508,291
Sanitary Sewer Improvements 06-28-12 2.7903% 2033 1,560,000 1,300,000 70,000 40.144 1,230,000
Sanitary Sewer Improvements 11-17-14 3.3000% 2034 5.670,000 5,670,000 270,000 181,425 5,400,000
Sanitary Sewer Improvements 04-04-16 2.7896% 2035 2.405,000 2,310,000 105,000 59,706 2,205,000
Solid Waste Collection Refunding 04-17-17 3.0000% 2030 51,300 51.300 3,100 1,727 48,200
Solid Waste Collection 08-01-11 3.3045% 2031 36,615 28,892 1,648 990 -
Solid Waste Collection 3/19/2018 2.9050% 2031 27,447 - - - 27,447
Stormwater Refunding 04-04-16 2.9127% 2028 6.270,000 5,410.000 570.000 156,600 4,840,000
Stormwater Sales Tax Revenue - GO 05-19-14 3.2309% 2029 7,190,000 7,190,000 323,100 7,190,000
Stormwater Improvements Refunding 04-17-17 3.0000% 2030 2,015,000 2,015,000 120.000 67.838 1.895,000
Stormwater Improvements 08-01-11 3.3045% 2031 2,287,260 1,804,877 102,981 61,836 -
Stormwater Improvements 3/19/2018 2.9050% 2031 1,714,542 - - - 1,714,542
Stormwater Improvements 03-15-12 2.7031% 2031 1,935,000 1,505,000 90,000 38,332 1,415,000
Stormwater 7th Street Storm Improvements 12-10-12 2.4872% 2032 134.342 110,387 6,174 2,751 104,213
Stormwater Improvements 06-28-12 2.7903% 2033 405,000 340,000 20,000 10,500 320,000
Streetlight Replacement Refunding - ST 04-17-17 3.0000% 2030 4.900 4,900 300 165 4,600
Street FEMA Land Buyout - Gaming 06-28-12 2.7903% 2027 110,200 81,200 7,250 2.436 73,950
Street Fiber/Sidewalk/Lights Refunding RUT 04-17-17 3.0000% 2030 258,600 258,600 15,700 8.706 242,900
Street Southwest Arterial 08-01-11 3.3045% 2031 1,029,285 812,209 46,342 27,826 -
Street Southwest Arterial 3/19/2018 2.9050% 2031 771,557 - 771,557
Street Southwest Arterial - Sales Tax 30% 12-10-12 2.4872% 2032 1,280,545 1,055,549 56,090 25,713 999,459
Technology Park Granger/Airport Utilities 12-10-12 2.5337% 2018 245.000 60,000 60,000 1,200 -
Technology Park Airport Utility Extension 06-28-12 2.7903% 2018 945,000 200,000 200,000 6,000
Water System Improvements 08-01-11 3.3045% 2031 1,542,052 1,216,831 69,429 41,690
Water System Improvements 3/19/2018 2.9050% 2031 1,155,930 - - 1,155,930
Water System Improvements 12-10-12 2.4872% 2032 644,151 529,295 29,602 13,192 499,693
Water System Improvements 06-28-12 2.7903% 2033 1,840,000 1,530,000 80.000 47,250 1,450,000
Water System Improvements 11-17-14 3.3000% 2034 9,195,000 9,195,000 295,131 9,195,000
Water System Improvements 04-04-16 2.7896% 2035 635,000 615,000 30,000 15,888 585,000
Total General Obligation Bonds 127,251,939 103,890.006 7,663,694 3,280,745 96.481.311
Tax Increment
Port of Dubuque Parking Ramp (GDTIF) 10-16-07 7.5000% 2037 23,025,000 20,520,000 475,000 1,539,000 20,045,000
Total Tax Increment Bonds 23,025,000 20,520,000 475,000 1,539,000 20,045.000
Lower Main Development, LLC TIF Note 06-30-04 8.00% 2016 182,000
Theisen Supply, Inc. TIF Note (DICW) 11-22-06 8.25% 2018 812,278 118,363 118.363 6,962
40 Main (GDTIF) 08-06-09 2020 690.529 330,647 74.766 20,644 255.881
Total Tax Increment Notes 1,684,807 449,010 193,129 27,606 255,881
Total Tax Increment 24.709.807 20,969,010 668,129 1,566,606 20,300.881
Description
Date Average Year of Amount Principal Principal Interest Principal
of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6130/17 FY 2018 FY 2018 6/30118
Tax Increment
Economic Development TIF Rebate Agreements
TM Logistics (Walter) (DICW) 05-16-11 Rebate 2018 194,562 45,108 45,108
P&L Ventures (DICW) 10-30-06 Rebate 2018 170,471 26,286 26,286
Medline (DICW) 11-19-07 Rebate 2019 1,600,279 347,780 174,742 173,038
Theisen Supply II (DICW) 02-20-12 Rebate 2018 78,348 36,761 36,761
Arts Way (DICW) 08-06-07 Rebate 2018 271.432 45,748 45,748
Kendall Hunt (DICW) 04-02-07 Rebate 2018 1,329,202 141,953 141,953
Spiegel Spec (DICW) 09-15-08 Rebate 2018 1,003,205 216,078 216,078
Vanguard (DICW) 06-02-08 Rebate 2022 279,093 33,026 33,026 130,737
Giese Properties II (DICW) 07-17-06 Rebate 2019 41,261 8,964 4,438 4,438
Dubuque Screw (DICW) 06-19-06 Rebate 2019 345,516 77,624 38.812 38,414
Faley Properties (DICW) 02-07-11 Rebate 2022 904,638 513,624 102,724 420,243
Green Industrial Supply (DICW) 08-15-11 Rebate 2023 2,908,812 1,260,378 210,063 1,040,102
Tri-State Quality Metals (DICW) Non -Appropriation 03.17-14 Rebate 2026 32.510 32.510 36.753 43,503
Roasting Solutions (DICW) Non -Appropriation 01-14-16 Rebate 2028 33.666 - 33,666
Hormel Foods (DICW) (100% 2021/40% 2026) 04-21-08 Rebate 2026 8,250,067 4,188.266 698,044 3,456,565
McGraw Hill 0 (GDTIF) 06-19-06 Rebate 2018 4,009,319 445,357 445,357 -
Morrison Brothers (GDTIF) 10-06-08 Rebate 2018 162,866 20,919 20,919
Hartig (GDTIF) 60% 09-21-06 Rebate 2019 100,119 16,415 8,208 8,657
CAB Security (GDTIF) 07-20-07 Rebate 2019 356,976 59,813 29,906 31.660
Star Brewery (GDTIF) 07-17-06 Rebate 2020 1,223,307 221,290 73,763 146,060
Interstate Building (GDTIF) 11-03-08 Rebate 2020 117,481 29,230 14,615 14,615
Victory Cafe 756 Main St. (GDTIF) 06-21-10 Rebate 2022 87.053 28,996 5,799 24,945
Bowling & Beyond Lease Buyout (GDTIF) 10-15-12 Lease Buyout 2032 1,000,000 750,000 50,000 700,000
Flexsteet (GDTIF) 04-18-11 Rebate 2024 2.020,572 1,420,181 202,883 1,205,456
The Rose (Lake Ridge) 09-26-11 Rebate 2024 136,014 97,392 13,913 94,855
Linseed Oil (GDTIF) Multi -Res 03-07-13 Rebate 2025 576,504 155.878 19,485 87,854
Rousselot (GDTIF) (Non -Appropriation) 01-22-13 Rebate 2025 4.931 5,052 5,052 7,197
Julien Hotel (GDTIF) 04-21-08 Rebate 2026 3,260,286 1,942,605 215,845 1,714.444
44 Main (GDTIF) Multi -Res 10-18-10 Rebate 2027 446,799 255,329 25,533 197,110
Barker Financial (GDTIF) Multi -Res 08-16-10 Rebate 2027 297,282 152,540 15,254 97.890
Engine House #1 (GDTIF) 06-06-11 Rebate 2027 171,166 100,660 10,066 89.505
253 Main St. (GDTIF) (Non -Appropriation) 04-06-15 Rebate 2027 5,798 1,370 2,673
Spahn and Rose (GDTIF) (Non -Appropriation) 04-21-14 Rebate 2027 108,221 108,221 108,221
Franklin Investment -Multires (GOTIF) 04-04-11 Rebate 2028 437,225 298,628 35.853 260,225
Nottingham Properties Multires (GDTIF) 03-15-11 Rebate 2028 82,219 128 128 7
Plastic Center Betty Jane Block (GDTIF) 02-07-11 Rebate 2028 148.957 120,516 10,956 21,977
Caradco (GDTIF) Multi -Res 03-21-11 Rebate 2028 1.499,442 1,179.321 107.211 1,086,407
Bonson 356 Main St. (GOTIF) Multi -Res 12-19-11 Rebate 2028 152,286 118,745 10,795 64,881
Roshek Building (GDTIF) (Non -Appropriation) 02-17-09 Rebate 2030 5,149.852 270,913 270.913 273,683
Novelty Iron Works (GDTIF) (Non-Approp)Multi-Res 06-17-13 Rebate 2031 33,105 109,000 109,000 129,410
Kunkel Bounds (TECH) 06-19-06 Rebate 2018 485,462 57,294 57,294
L&J Properties (TECH) 06-18-07 Rebate 2018 324.518 35,895 35,895
Conlon Johnson (TECH) 10-18-10 Rebate 2019 953.129 257,606 128,803 124,721
Straka Johnson (TECH) 01-01-07 Rebate 2019 189,613 43,748 21.874 18,702
Rockfarm Holdings (TECH) Non -Appropriation 10-07-14 Rebate 2027 42,301 39,357 38,955
Total TIF Rebates 41,025,865 15.167,557 3,904.804 11,890,816
General Funded Leases Various Various On-going 194,160 155.000 155,000
Other Loans - Revenue Backed
Iowa Finance Authority Loan -Caradco 12-01-10 3.0000% 2030 4,500,000 3.739,197 135,000 3.739,197
Total Other Lns-Rev Backed 4.500.000 3,739.197 135,000 3,739,197
Total City Indebtedness Subject to Debt Limit 197,681,771 143,920,770 12,236,627 4,982,351 132,567.205
Description
Date Average Year of Amount Principal Principal Interest Principal
of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30/17 FY 2018 FY 2018 6/30/18
Revenue Bonds
Parking Bricktown Parking Lot 07-21-08 5.00% 2023 400,000 209.901 28,074 10.148 181.827
Sanitary Northfork Catfish Improvements SRF 01-13-10 3.25% 2031 912,000 657.000 41,000 21.352 616,000
Sanitary Water & Resource Recovery Upgrade SRF 08.18-10 3.25% 2039 74.285,000 65,279,000 2,391.000 1,305,579 62,888,000
Sanitary WRRC Cogeneration & Sponsor SRF 05-17-13 2.00% 2033 3,048,000 2,531,000 136.000 50,621 2,395,000
Sanitary Kerper Boulevard SRF Planned 2.00% 2036 4,100,000 16,962 2,050,000
Stormwater Lower Bee Branch Restoration SRF 10-27-10 3.25% 2041 7,850,000 6,819,000 192,000 221,617 6,627,000
Stormwater Lower Bee Branch SRF - Estimated 09-01-14 2.00% 2034 1,029,000 856,000 46,000 17,120 810,000
Stormwater Northfork Catfish Improv. SRF 01-13-10 3.25% 2031 800,000 576,000 36,000 18,720 540,000
Stormwater Sales Tax Increment Revenue Bond 06-15-15 3.72% 2031 20,800,000 20,800.000 762,650 20,800.000
Stormwater Upper Bee Branch & Sponsor SRF 06-17-15 2.00% 2037 30,941,000 22,952,630 611,800 371,881 23.678,000
Stormwater West 32nd Detention Basin SRF 01.14.09 3.25% 2028 1,847,000 1,152,000 89,000 37.440 1,063.000
Water Roosevelt Water Tower SRF Planned 2.00% 2038 2,350,000 43.383
Water CIWA Purchase & Improvements 07-07-17 2.00% 2036 10.198,000 1.000 66.483 5.663,990
Water - CIWA Contract Purchase 12-28-16 3.00% 2022 5,000,000 5,000,000 1,000,000 142,603 4,000,000
Water- Clear Well Reservoirs SRF 10-18-07 3.25% 2028 915.000 571,000 44,000 18,558 527,000
Water Meter Change Out Program SRF 02-12-10 3.25% 2031 6,394,000 4.848,000 279,000 157,560 4,569,000
Water System Improvements & Ext. 11-04-08 4.71% 2023 1,195,000 590.000 90,000 28,528 500,000
Water System Improvements & Ext. 08-16-10 3.54% 2030 5,700,000 4,525,000 215,000 164,700 4.310.000
Total Revenue Bonds 177.764.000 137,366,531 5,199,874 3,412.522 141,262.200
Total City Indebtedness 375,445,771 281,287,301 17.436,501 8.394,873 ' 273;829.405
Statutory Debt Limit 207,174,109 209,048,707
% of Debt Limit Used 69.47% 63.41%
Remaining Debt Capacity 63,253,339 76,481,502
ATTACHMENT D
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT
DISTRICT
(2018.2) Updated May 9, 2018
LEGAL DESCRIPTION:
Subarea A of the District consists of the real property legally described as follows:
■ All of Dubuque Industrial Center Eighth Addition; and
■ All of Lot 1 Dubuque Industrial Center 13th Addition; and
■ Lot 2 Dubuque Industrial Center 13th Addition; and
■ Lot 1-2-2 Dubuque Industrial Center Fifth Addition; and
■ Lot 1 Dubuque Industrial Center Fifth Addition; and
■ Lot 1 Dubuque Industrial Center 11th Addition; and
■ Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and
■ Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and
■ Lot 1-3 Dubuque Industrial Center 12th Addition; and
■ Lot 1 of lot 3 of final plat of lot 1 of Dubuque Industrial Center First Addition; and
■ Lot 1 Dubuque Industrial Center 10th Addition; and
■ Lot 2-3 Dubuque Industrial Center 12th Addition; and
■ Lots 1 & 2 of final plat of lot 1 of Dubuque Industrial Center First Addition; and
■ Lot 1 Dubuque Industrial Center 12th Addition; and
■ Lot 2 Dubuque Industrial Center Ninth Addition; and
■ Lot 2 Dubuque Industrial Center 12th Addition; and
■ Lot 2-2 Dubuque Industrial Center Sixth Addition; and
■ Lot 3 Dubuque Industrial Center Ninth Addition; and
■ Lot 1 Dubuque Industrial Center Sixth Addition; and
■ Lot 2 of 2 Dubuque Industrial Center 7th Addition; and
■ Lot 2-1 Walter Addition; and
■ Lot 2-1 Walter Addition; and
■ And all adjoining public right-of-way, all in the City of Dubuque, Dubuque County, Iowa.
Subarea B of the District consists of the real property legally described as follows:
• Lots 1, 3, 4, 1 of 5, 6 and H of Dubuque Industrial Center West as originally platted; and
• Lots 1, 2, 3, 4, 5, 6, 7, 8, and C of Dubuque Industrial Center West 2nd Addition as
originally platted; and
• Lots 1, 2, 3, 4, B, and C of Dubuque Industrial Center West 4th Addition as originally
platted; and
• Lots 1 of 1, 1 of 2, 2 of 2, 1 of 3, 2 of 3, 1 of 5, A, C, and D of Dubuque Industrial Center
West 5th Addition as originally platted; and
• Lots 1, 2, and A of Dubuque Industrial Center West 6th Addition as originally platted;
and
• Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addition as originally
platted; and
• Lot 2 of 1 of the Southwest Quarter of the Southwest Quarter and Lot 2 of 1 of the
Southeast Quarter of the Southwest Quarter all in Section 30, Township 89 North, Range
2 East, 5th Principal Meridian as originally platted; and
• and all that part of a 100 -foot -wide strip of the Chicago Central Pacific Railroad right-of-
way lying in the SE 1/4 of Section 30, the SE 1/4 of the SW 1/4 of Section 30, the NW 1/4
of Section 31, and the NE 1/4 of Section 31 all in T89N, R2E, of the 5th P.M. Dubuque
County, Iowa, the centerline of which is more particularly described as follows:
beginning at a point of intersection with the easterly line of the SE 1/4 of Section 30,
T89N, R2E, of the 5th P.M., thence southwesterly along the centerline of said railroad
2,700 feet, more or less a point of intersection with the westerly line of the SE 1/4 of
said Section 30; thence southwesterly continuing along said centerline 845 feet, more or
less, to a point where the railroad right-of-way widens to 200 feet, said point being the
terminus of this description; and
• all that part of a 100 -foot -wide strip of the Chicago Central Pacific Railroad right-of-way
lying in the Balance of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter in
Section 29, Township 89 North, Range 2 East, 5th Principal Meridian; and
• any adjoining public street right-of-way all in the City of Dubuque, Dubuque County,
Iowa.
Subarea C of the District consists of the real property legally described as follows:
• Lots 1 and 2 of Dubuque Industrial Center North Second Addition; and Lots 2, 3, C and A
of Dubuque Industrial Center North First Addition, excepting that Part of said Lot A
originally platted as Lot 2 of the SW 1/4 of the NW % of Sec. 30, T89N, R2E of the 5th PM;
and any adjoining public street right-of-way, all in the City of Dubuque, Dubuque
County, Iowa. EXCEPT those lots and parcels now forming Subarea K.
Subarea D of the District consists of the real property legally described as follows:
• Lots 1, 2, and B and all of the right of way of Chavenelle Court in Dubuque Industrial
Center West 8th Addition in the City of Dubuque, Dubuque County, Iowa.
Subarea E of the District consists of the real property legally described as follows:
• All of Lot 1 of 1 and Lot 1 of 2 of the South Fork Subdivision No. 1 as originally platted,
including any adjoining public street right-of-way to said lots, all in the City of Dubuque,
Dubuque County, Iowa, and;
• All of Seippel Road right of way from the north boundary line of Lot 1 of 1 of South Fork
Subdivision No. 1 in the City of Dubuque, to the south boundary lines of Lot H of
Dubuque Industrial Center West and Lot 1 of Dubuque Industrial Center West 2nd
Addition in the City of Dubuque, Dubuque County, Iowa, including crossings at the
intersections of Old Highway Road and Chicago Central & Pacific Railroad rights-of-way.
Subarea F of the District consists of the real property legally described as follows:
• Lot one (1) of Graf Farm Subdivision #2, Dubuque County, Iowa, according to the
recorded plat thereof;
• Lot 1 of Lot 1 of Lot 1 of Lot 1 of West One-half of Northeast One-quarter, Section 25,
Township 89 North , Range 1 East of the 5th Principal Meridian, in Center Township ,
Dubuque County , Iowa;
• Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, Iowa,
according to the plat thereof; and
• The NW 1/4 of the SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th
P.M., in Center Township, Dubuque County, Iowa.
Subarea G of the District consists of the real property legally described as follows:
• The South one-half of the Northwest Quarter of Section 29, Township 89 North, Range 2
East of the 5th Principal Meridian, in the City of Dubuque, Iowa.
• Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29,
Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque,
Iowa.
• Lot 2 of McFadden Farm Place #2, in the City of Dubuque, Iowa.
• Lot 2 of McFadden Farm Place, in the City of Dubuque, Iowa.
■ Lot A of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter of Section 29,
Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque,
Iowa.
■ Lot A of Lot 1 of 1 of the Northwest Quarter of the Southwest Quarter of Section 29,
Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque,
Iowa.
■ All in the City of Dubuque, Dubuque County, Iowa.
Subarea H of the District consists of the real property legally described as follows:
■ Lot 1 of the Northeast % of the Northeast %, and Lot 2 of Lot 1 of Lot 1 of Lot 2 of the
Northeast % of the Northeast %, of Section 30, in Township 89 North, Range 2 East of
the 5th Principal Meridian, in the City of Dubuque, Iowa.
Subarea I of the District consists of the real property legally described as follows:
■ Lot 2 Seippel Road Place #2, Dubuque County, Iowa.
■ Lot 2-1-1 of the Southeast Quarter of the Southeast Quarter of Section 25, Township 89
North, Range 2 East of the 5th Principal Meridian, Dubuque County, Iowa
Subarea J of the District consists of the real property legally described as follows:
■ Lot 2 Julien Care Place, Dubuque County, Iowa.
■ Lot 3 Julien Care Place, Dubuque County, Iowa
■ Lot 2-1 Julien Care Place, Dubuque County, Iowa
Subarea K of the District consists of the real property legally described as follows:
■ Lot 1 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, Iowa.
MINUTES
CONSULTATION WITH AFFECTED TAXING BODIES for the following URBAN
RENEWAL PLAN:
• Dubuque Industrial Center Economic Development District, Version
2018.2
Thursday, April 26, 2018 at 3:15 p.m.
City Hall, Conference Room C, Third Floor
50 W. 13th Street
Dubuque, Iowa 52001
Meeting commenced 3:15 P.M.
Present: No representatives from the taxing bodies were in attendance.
Meeting adjourned: 3:30 P.M.
Jill NI. Connors
Economic Development Project Coordinator, City of Dubuque
Masterpiece on the Mississippi
Dubuque
tetra
AII•America City
I
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Amended and Restated Urban Renewal Plan for Dubuque Industrial
Center Economic Development District, Version 2018.2
DATE: May 14, 2018
2007.2012
2013.2017
Economic Development Director Maurice Jones recommends City Council approval of
the Amended and Restated Urban Renewal Plan, Version 2018.2, for the Dubuque
Industrial Center Economic Development District.
The Amended and Restated Urban Renewal Plan, Version 2018.2 for the District would
authorize the undertaking of an additional urban renewal project in the District with
Medline Industries, Inc., consisting of developing, constructing and operating a new
office building. The Urban Renewal Plan would also add property to the District to
create Subarea K, which would be formed from property removed from Subarea C of
the District by Version 2018.1 of the Amended and Restated Plan. The property that
would be added as Subarea K by the Urban Renewal Plan, Version 2018.2, is currently
undeveloped and is the proposed site of the Medline Industries, Inc. project.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van Milligen
MCVM:jh
Attachment
cc: Crenna Brumwell, City Attorney
Teri Goodmann, Assistant City Manager
Cori Burbach, Assistant City Manager
Maurice Jones, Economic Development Director
Masterpiece on the Mississippi
Dubuque
bated
AII•Amraica City
1111r
2007 • 2012 • 2013
Economic Development Department
50 West 13th Street
Dubuque, Iowa 52001-4864
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
TO: Michael Van Milligen, City Manager
FROM: Maurice Jones, Economic Development Director
SUBJECT: Amended and Restated Urban Renewal Plan for Dubuque Industrial
Center Economic Development District, Version 2018.2
DATE: May 14, 2018
INTRODUCTION
The purpose of this memorandum is to forward for City Council review and approval the
Amended and Restated Urban Renewal Plan, Version 2018.2, for the Dubuque
Industrial Center Economic Development District ("District"). The proposed amendment
will comply with the provisions of House File 2460, adopted by the Iowa legislature in
2012, requiring urban renewal plans be amended or modified to reflect any active urban
renewal project.
The proposed Amended and Restated Urban Renewal Plan, Version 2018.2, ("Urban
Renewal Plan") for the District would authorize the undertaking of an additional urban
renewal project in the District with Medline Industries, Inc. consisting of developing,
constructing and operating a new office building. The Urban Renewal Plan would also
add property to the District to create Subarea K, which would be formed from property
removed from Subarea C of the District by Version 2018.1 of the Amended and
Restated Plan. The property that would be added as Subarea K by the Urban Renewal
Plan, Version 2018.2, is currently undeveloped and is the proposed site of the Medline
Industries, Inc. project.
BACKGROUND
The original Dubuque Industrial Center Economic Development District was created on
May 2, 1988. The District is an urban renewal area which allows the City of Dubuque to
capture tax increment revenue from improvements made in the District in order to
promote economic development activities. The original area included the Dubuque
Industrial Center (known as Subarea A) and has been expanded several times over the
years to include the Dubuque Industrial Center West, the County Farm, the Bergfeld
Farm, the North Siegert Farm, the Rail Site, the South Siegert Farm, the Graf Farm,
McFadden Farms, small adjacent parcels, and several County -owned parcels (known
as Subareas B, C, D, E, F, G, H, I, and J respectively). Most recently, property was
removed from Subarea C of the District with the adoption of Version 2018.1 of the
Urban Renewal Plan.
On April 16, 2018, a Resolution of Necessity was adopted finding that proposed
changes to the District's boundaries are necessary and appropriate to facilitate the
proper growth and development of the community in accordance with sound planning
and local community objectives.
On April 26, 2018, a Consultation was conducted with the affected taxing entities as
required by Chapter 403.5 of the Iowa Code, providing an opportunity to discuss,
question, or object to the findings in these documents. Prior to the meeting, the taxing
entities were mailed copies of the Amended and Restated Urban Renewal Plan and the
Notice of Public Hearing. No representatives were in attendance.
On May 11, 2018, the public notice of public hearing was published to allow for the
appropriate publication requirements.
DISCUSSION
City Staff have negotiated an agreement with Medline Industries, Inc., which plans to
expand its operations in Dubuque. The company desires to retain 481 jobs in Dubuque
and add at least 105 new full-time employees. Medline Industries has identified a
parcel that would accommodate its new facility, which was formerly included in Subarea
C of the District and is proposed by this Urban Renewal Plan to be included in the
District as part of Subarea K. In order to provide appropriate business incentives for
this local growth, Staff wishes to amend the current Urban Renewal Plan to include the
proposed site of this project in the District and identify the Project in the Plan.
In addition, staff recommends that the District's borders be amended to include the
undeveloped parcel of land formerly included in Subarea C of the District (but removed
by Version 2018.1 of the Urban Renewal Plan) in order to accommodate future
development of the parcel. The Urban Renewal Plan would create a new Subarea of the
District, Subarea K, which would receive a new 20 -year period to use tax increment
financing for the parcel's development.
The Dubuque Comprehensive Plan calls for new or expanded industrial parks to
support both industrial and commercial business growth, which can be fulfilled by
providing industrial development sites within the community and promoting the retention
and expansion of existing, and attraction of new, industrial development opportunities in
suitable locations.
The City of Dubuque has had tremendous success with its economic development
approach, receiving multiple national recognitions for job creation. This is in no small
part due to the City's decision in the mid 1990's to acquire and develop over 900 acres
of property to provide a 20 -year supply of industrial park land. This proposed
modification of the District would further the City's goals for economic development.
RECOMMENDATION/ ACTION STEP
I recommend that following the public hearing, the attached resolution adopting the
Amended and Restated Urban Renewal Plan, Version 2018.2, for the District be
approved to support continued development of the District.
Kevin Firnstahl
From:Kevin Firnstahl
Sent:Thursday, May 24, 2018 4:58 PM
To:denise.dolan@dubuquecounty.us
Cc:Mary Habel; Jill Connors; Cynthia Kramer
Subject:City of Dubuque Urban Renewal Amended Plans- Dubuque Industrial Center
Attachments:DIC UR Resolution 157-18.pdf; DIC UR Resolution 158-18.pdf; DIC UR Ordinance
18-18.pdf
Denise,
Attached are copies of Resolution Nos. 157-18 and 158-18 regarding the amended and restated urban renewal plan for
Dubuque Industrial Center.
Also attached is the associated Ordinance 18-18. Ordinance No. 18-18
Certified copies will be delivered to your office and the ordinance will be recorded.
Please contact me if you have any questions.
Thank you.
Kevin S. Firnstahl, City Clerk
th
50 W. 13 Street
Dubuque, IA 52001
kfirnsta@cityofdubuque.org
563-589-4100
1
STATE OF IOWA {SS:
DUBUQUE COUNTY
CERTIFICATION OF PUBLICATION
I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher
of the Telegraph Herald,a newspaper of general circulation published in the City of Dubuque, County
of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper
on the following dates: May 11, 2018, and for which the charge is $60.89.
Subscribed to before me, a Notary Public in and for Dubuque County, Iowa,
this .7,.00day of 20 /6 .
Notary Public in and for Dubuque County, Iowa.
MARY K WESTERMEYER
vP Commission Number 154885
3{M1
My Commission Exp. Feb. 1, 2020
District for, ::the purpose submitted to the City;
of. providing for future. 1Clerks Offce,on or be
redevelopmentandthe fore said time of public
undertaking: offuture hearing .
urban renewal project..:.,' Copies of supporting
activities thereon 'by documents for the'pub-
the City. lic hearing are on file in
The property pro- the City Clerks Office,
• posed to be removed 50 W. 13th Street, and-
from
nd from Subarea C is maybe viewed during
legally J described as normal working hours.
follows: Any visual- or 'hear
-
-A portion of Lot 2' of ing-impaired persons
Dubuque Industrial needing special assis
i Center North Second tance or persons with
Addition described as special accessibility
-follows: Commencing needs .should contact
"a'titlie+most southeast- the City Clerks Office
,'erly"corner_;.of Lot 2 of at (563) 589-4100 or
Dubuque Industrial 11(563).Q678. at
Center North ,.Second least 48 hours'rpnor to`:!
Addition thence, south the ;meeting
87 degrees :23 minutes Published byorder of
39 seconds west along the City Council given
the south,,:line of said on,.the 16th ay
Lot:distance =of April 2018
49899 feet thence KevinFirnstahl
north 15 degrees 24 CMC City Clerk:
minutes,? :42 seconds ft5/fl
east along the westerly
l ine of said Lot 2 a dis
tante of;; 1'29.79 feet, ,1
thence north. 16' de=
grees ,19 minutes 03
'second west along the``'
salid
Lot 2 a,: distance,.:sof
179 83feet thence
north 45 degrees;25,',
rnmutes 40 seoond•.
•West, alongthe wester-
line
ester line "of;'said Lot'2': a '
distance of.132.41 feet;,
thence south. 77. de
grees 24 ;minutes `-30
seconds.west along ttie';.
westerly' line of :said
Lot 2 "a 'distance, of
• 5.47 19 , feet, 'thence _s`I
.north-.17,'degrees 53::;1
.minutes :'1'8 seconds.
west aldngthe wester;
ly
Ili -10.2.6f. Said Lof2. a:
distance of403 10,feet,
-' thence north 11 de-
grees 06 ;.`minutes :=10 ;::
seconds West along the
westerly :line of, -Said;
Lot 2.'a ;`distance I. of''
12616: ". feet;" thence:'
north 03 degrees '38
minutes .: 34 seconds
-.east-al-brig westerly.:]
line of said?Lot 2 a dis-
tance of 5368.47 1feet.
thence north, . 23 de-
CITY OFbUBUQUE,` . ,grees 42, ,:Minutes ;Y3
IOWA ; ', seconds east along:the
OFFiCIAL.NOTICE ;twesterlyline of• said.;
• PUBLIC NOTICE i5 c10t 2 a' distance of •
1,nerehyr, given .that the .8'473 feet,; thence
City Council of the City south 66• 'degrees 17
of Dubuque, Iowa will minutes -"47 seconds
hold a; public. heanng ;east 'a :distance ;:.;.of r,
on the st day of, May 104176 feet, fl
thence
2018; at216 00 p m iin the south 44 'degrees.'36
Historic Federal -Build minutes ','S2 'seconds
ing, City CouncilCham, - east a' distance -::of
bees -.;(Second, ,Floors 298 76 ,feet to a point
350 West -6th Street;-'onthewesterly'rightof.
Dubuque, Iowa; at way line, Of Innovation''
which,' meeting:theCitg ,,;Drive;,thence south: 02,;,
Council will consider a degrees 35 minutes X19
proposed amendment: 'seconds east :along
to the Amended and said right of way line a
Restated Urban, Renew-,, distanceof,337.66 feet;,
al Plan:. (Plan) for the thence south easterly
Dubuque , - industnal 'along said' right' of way' l
Center.' Economic De line being'' a circular
velopment District curve concave to the
("District') i ;:east having a radius;of `
The proposed Amend 6350feet;,a+tchord;';of
i ed and RestatedPlanrf, 218 68 pfeet which bears"
approved, would south �`d'eg
12\�rees 27
f amend and restate the mig,tes 53 seconds
plan to inciudew..addi n.le—arc.ngth:-of
tional project activities ,219 6. --feet • thence
that may. be undertak- -southeasterly along
en in order to achieve . said right=oi way line
the objectives, of the being a circular' curve
Plan, including those concave to the west;
relating to the develop- having a radius of
ment, construction' and '476.09 feet, a chord of
operation of a manu- 20.44 feet which bears
facturing facility by south 21 :degrees 04
Flexsteel' • Industries, minutes 37 seconds'
Inc. Additionally, the, east; andarc length' of
proposed Amended 20.44 feet to the point
and Restated Plan _ of.beginning, all in the
provides information City of Dubuque,
about construction Dubuque County, Iowa
projects the County in- ' :; At the above meeting,
tends ;;to, undertake :the CityCouncil Will re -
:within the District, ' ceive, oral -;:and written'
though these will not • omments;_ from. Any
be financed by the City "'resident or,°', property
or 'with TIF funds from ;owner, of, said:`Ciity; to
the District' The. pro- the abovesaction. Writ-. r,
posed .: Amended and ten. comments `regard-'
Restated Plan ' also .;ing the`: proposed
would,;remove:property • amendment may be
from Subarea Cof the