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DICW Urban Renewal Plan Amendment 2018.3_Resolution of Adoption Copyrighted December 17, 2018 City of Dubuque Public Hearings # 1. ITEM TITLE: DICW Urban Renewal PlanAmendment2018.3 - Resolution of Adoption SUMMARY: Proof of publication on notice of public hearing to consider approval of the Amended and Restated Urban Renewal Plan, Version 2018.3, for the Dubuque Industrial Center Economic Development District, and the City Manager recommending approval. RESOLUTION Approving the Amended and Restated Urban Renewal Plan, Version 2018.3, 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 2018.3-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 � AIFA�erlwGh UB E '�� III► Masterpiece on the Mississippi Z°°'�w'2 7A13 2017 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 2018.3 DATE: December 12, 2018 Economic Development Director Maurice Jones recommends City Council approval of the Amended and Restated Urban Renewal Plan, Version 2018.3, for the Dubuque Industrial Center Economic Development District. The Amendment expands the District to include property to be designated as Subarea L and Subarea M and authorizes the undertaking of an additional urban renewal project in the District. I concur with the recommendation and respectfully request Mayor and City Council approval. �L;� 1��, ��,�� 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 2018.3 DATE: December 6, 2018 INTRODUCTION This memorandum presents for City Council review and approval the Amended and Restated Urban Renewal Plan, Version 2018.3, for the Dubuque Industrial Center Economic Development District ("District"). The proposed Amended and Restated Urban Renewal Plan, Version 2018.3, ("Urban Renewal Plan") for the District would expand the District to include the property to be designated as Subarea L and Subarea M (see attached map) and authorize the undertaking of an additional urban renewal project in the District, a development agreement with a national food production company. 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, J, and K). On November 19, 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 November 27, 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 December 7, 2018, the public notice of public hearing was published to allow for the appropriate publication requirements. DISCUSSION Each of the properties being added to the District as Subarea L and Subarea M is currently owned by a private land owner, and the City has negotiated an agreement with the land owner to purchase that property. The private property will provide some of the necessary land for planned road improvements along portions of Middle Road. In addition, this Urban Renewal Plan authorizes appropriate business incentives for the attraction of a national food production company. Should Dubuque be chosen as the site for this national food production company's new facility, the facility would be an approximately 350,000 square foot building with an investment of approximately $350 million. The company would commit to bringing approximately 450 jobs to Dubuque within 5 years. 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 2018.3, 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. 380-18 APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN, VERSION 2018.3, FOR THE DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT Whereas, by Resolution 348-18 on November 19, 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 2018.3, 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, a consultation process has been undertaken with affected taxing entities in accordance with Chapter 403 of the Code of Iowa with no written objections or recommended changes to the Plan received; 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 2018.3, 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. With respect to any real property in the District acquired by the City in connection with the land and projects included in the Plan, non-residential use is expected and with reference to those portions thereof which are to be developed for non-residential uses, such non- residential uses are necessary and appropriate to facilitate the proper growth and development of the City in accordance with sound planning standards and local community objectives. I i I I i ~ ! Ii 1\ I! ll I' ,I II I ~ I ;' r ,I 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. Passed, approved and adopted this 171h day of December 20 ' . Roy D. Buol, Mayor Attest: Prepared by: Jill Connors,City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563)589-4393 Retum to: Kevin S. Fimstahl,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, lowa 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, lowa 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 on May 21 , 2018, Resolution 158-18 on May 21 , 2018, Resolution 158-18 on May 21 , 2018, and Resolution = 18 on , 2018. Prepared by the Economic Development Department. Version 2018.3 TABLE OFCONTENTS 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 2 AMENDED and RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL PLAN City of Dubuque, lowa 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 "DistricY') 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 lowa 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, lowa 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, Resolution 157-18 on May 21 , 2018, Resolution 158-18 on May 21 , 2018, and Resolution -18 on , 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. 3 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 lowa. Most of the District, including all of Subareas A, B, C (as amended), D, E, G, H, and K, currently is within the corporate limits of the City of Dubuque. In accordance with lowa 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 lowa 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 new Subareas within the District, Subarea L and Subarea M, by adding property to the District. Both Subarea L and Subarea M include property identified for planned road improvements to improve access and safety in the District, and accommodate future private development. 4 The City of Dubuque believes that the objectives of the Plan can best be accomplished 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, K, L, and M). 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 lowa 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, future and previously approved development of road, water, wastewater, 5 and storm water infrastructure associated with the development of the 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; 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. 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. (November 2007); • Art's-Way Vessels, Inc.; 6 • Kendall/Hunt Publishing Company, Westmark 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. (May 2018). b) 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. c) These activities may also include future tax abatement agreements pursuant to the lowa Hiqh Quality Jobs Program with: • A national company that may establish a new food production facility in the District. This agreement is expected to include incentives in addition to tax abatement, such as the provision of grants funded through tax increment financing and the City's construction and installation of a new street and infrastructure. 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; 7 11 . Coordination and cooperation with the improvement of Seippel Road as it affects accessibility to U.S. Highway 20 from Subareas B, C, E, F, I, J. 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 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, K, L, and M 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 8 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, K, L, and M. 2. Planninq and Desiqn Criteria The planning criteria to be used to guide the physical development of Subareas A, B, C, D, E, F, G, H, K, L, and M 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. 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, H, L, and M 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. The City is in the process of acquiring the land located in Subareas L and M of the District and will make the same available for public development in accordance with this Plan. 2. Land Disposition 9 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 lowa 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 No relocation is anticipated at this time; however, if any relocation is necessary as part of the eligible urban renewal projects, the City will follow all applicable relocation requirements. 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 lowa Code and through the use of tax increment financing under Chapter 403 of the lowa 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 lowa 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 lowa Code on a case-by-case basis. 2. Tax Increment Financinq 10 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 lowa 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 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 lowa Code, including tax rebate payments, debt service payments on any 11 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 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 $70,000,000. The City of Dubuque's current general debt subject to the constitutional debt limit is $121 ,994,100 (a list of the outstanding obligations is found at Attachment C) and the current constitutional debt limit is $221 ,512,756. 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, I, J, K, L, and M 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 12 Subareas B, C, D, E, F, G, H, I, J, K, L, and M 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 lowa 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 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 lowa 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 r � � �, r ''� �'� � �•-� '°�- � �4� - �,-'', �rY , rl�l� � J � J r '' .�� - . . m f�� l � �' � � �1!l��!l � 1 ��l!�� ri:� �' �r� ��r r�, �r»r� i �, � � �i� �;�rr� �r� � � i� �ri �, � :; , .r� a�. . . . . i �,,,. .�� . —r �.�- _ .. m � �. . �. � . , � , .. r B ��" ��' `� - � A � , � � � � . ,..� � '+� �� . � _�'4 �� , � —�� i� �,,.�s , w • �:,+ i; � • — �` . �f - �� I� . . � �� • ` • . -- _ -, , ;. �� ,� �` -�,,�",,.: �. , � } ; �. , � �'''� � _ �� .�.,�� , , �� j . _ ...:� � � .y � � � ...�� . � � � � f��- ��, _ . ,,, . . : - District Boundary Subarea G • � ' �� 20 Subarea A Subarea H � Subarea B Subarea I i r � i Subarea C � Subarea 1 , � � Subarea D Subarea K � - . � � Subarea E Subarea L ,� Subarea F i Subarea M , �` • � Dubuque City Limits �� /,� ,, �� '� � THE CiTY C]F j'i '�':- ��`,' f� , 1 Special Achievement in GIS DU$ E ,,�� '�� e' ,� 2018 Award Winner • , �� ' �. �� . / � . �-. .�'� Maeterpiece ora tGie Missieeipyi . .� . � � ,� -� � ,./�� .. � � , . � �--;,, � ,� / / � �.!� . _ r i r r r � � � � r -�• �-. ��j . ,�:' : � r��f� � � ��r �' � �� r�� .��r� l�� 1�� ..� .�r . ,.,�� . �� !.1 � !.1 � rl �!.1:� rrJ% � �' �rl r�r r�� J rl J r�� J rrl �rl r � 1:� rrJ �� r 1 � � � � _��y� f, '�� 1r � �� , P��.. �� , �B ,.; �� . : . . �, , . . . � - -_ ; � , . _ .� . 8 . , -�-c�c3 ' �" . _ �- , . . � _ ��;��-. � �1�� , m �-� . ,� .-� � � � � � � _� � � _s i � � � ,� �� ___ �� _ ,, .�__- � . . . . .. • � Agriculture Office 2 �� Commercial/Recreation Open Space Heavy Industrial Park �-- � Institutional Single Family/Duplex �� Light Industrial i Vacant ` . � � County Agriculture �� District Boundary •.� • � Dubuque City Limits , � �. / THE C'iTY C]F > � Special Achievement in GIS DUB E i 2018 Award Winner t ,� 1�. ��I��'. � � � b�'r Maeterpiece on fl2e Missiesipyi - ��r � : _ ��-� p I »..,.: . � r � I 1�'� 1�'� ��/ � I' � � � � �� r � � � � � � �� r '`� �'� —✓ �� `� �I�I� � J � � � 11 � � � :�� r�� :�� - • J . ) f �J � ,'' � i 'r i r i � rl � � " rrJ% � �' �rl r �r r r� r rl � r � 1 �� I� �� rr� �r� r � i" rrJ �� r ,r J .� � � � .�� 1�.� � � � �� ,� � � .� � � � . , , � ; tt %�' ;.; . ."�; � 1 I �." r �� u�� '� '� �� N,�- J G��",- � _!"� � . �� .N� f��• � J � I� %� • '�I�. � � � ` t .3 t � . � : ',r -- --� _ � . , -c�-cr;�t ' � . � � .�� 1 �. _ -�,j' - �,� '_��' ./ ' / �— � ,� - � � 4 � - " �,' • i` � _ + �,, � ` . - ~ �I� ..-- ,� t�� `� �f ✓'� " �� r � � �1 �� i.i�.__'. ,,� � � , -_- . �� ==— , ; Commercial/Recreation . � Heavy Industrial - .• . Institutional • ' Light Industrial �" 20 Mixed-Use Residential � � Office Open Space � � Park . � Single-Family Residential District Boundary � � Dubuque City Limits �� • ��.�`�� THE CiTY C]F �� DUS E � �'i � Special Achievement in GIS 2018 Award Winner " � ��/ � � . �� { Maeterpiece ora tGie Missieeipyi �� d 1'� �� • � -- �/r"a+. � �l .�l� . City of Dubuque ATTACHMENT C Summary of Bontletl Intleb[etlness Date Average Vear M AmourR Principal Principal IrRerest Principal Description M Interest Final M Outstantling Due Due Outstantling Issue Rate Payment Issue 6/30H8 FV 2019 FV 2019 6/30H9 General Obligation Bontls �Essential Corporate Purposel Airport T-Hangars-Refuntletl-Sales Tax 20% 12-10-12 12193% 2020 405,365 122,000 60,000 1,956 62,000 Airport New Terminal Furnishings-Sales Tax 20% 11-17-14 3.3000% 2026 55,000 40,000 5,000 1,200 35,000 Airport ImprovemeMs Refuntling 0417-17 3.0000% 2030 282,200 265,000 18,100 7,950 246,900 AirportlmprovemeMs-PFC OF28-12 3.1972% 2032 2,145,000 1,670,000 100,000 52,778 1,570,000 AirportlmprovemeMs-SalesTax20% OF28-12 3.1972% 2032 90,000 40,000 10,000 885 30,000 AirporiTerminalUtilitylmprov-PFC 11-17-14 3.3000% 2034 690,000 600,000 30,000 19,256 570,000 Airport New Terminal RoatlsiParking Sales Tar 20'N 0404-16 2.7896% 2036 635,927 581,255 28,775 15,204 552,480 America'sRiverRefuntling-GenerelFuntl 0417-17 3.0000% 2021 1,984,100 1,518,600 489,100 45,558 1,029,500 America'sRiverRefuntling-GDTIF 0417-17 3.0000% 2021 1,255,000 960,000 315,000 28,800 645,000 Builtling-CorrfCeMerlmprov-SalesTar20% OF28-12 2.7903% 2022 60,200 34,400 8,600 1,032 25,800 Builtling 18ih Sireet Improv Sales Tax 20% 3/19/2018 3.0464% 2026 391,913 391,913 40,946 13,055.00 350,967.00 Builtling City Hall Brickwork-Sales Tax 20% OF28-12 2.7903% 2027 393,000 270,000 27,000 8,100 243,000 Builtling Smart Meters Refuntling 0417-17 3.0000% 2030 45,400 42,600 2,900 1,278 39,700 Builtling Fetlerel Builtling Roof-Sales Tax 20% 0404-16 2.7896% 2035 268,404 245,329 12,145 6,417 233,184 CivicCeMerlmprwemeMs-SalesTar20% OF28-12 2.7903% 2027 550,200 378,000 37,800 11,340 340,200 DICWExpansionNonTarable-Refuntling 04-04-16 2.9127% 2023 3,175,000 1,895,000 590,000 56,850 1,305,000 DICW Expansion-South Siegert Farm 3/19/2018 3.0464% 2026 239,534 239,534 25,026 7,979.00 214,508.00 DICW Norih Siegert Refuntling 0417-17 3.0000% 2029 1,285,000 1,195,000 90,000 35,850 1,105,000 DICWExpansion-Consultant 12-10-12 2.5337% 2032 151,462 122,798 7,431 3,013 115,367 DICW Expansion-South Siegert Farm-Taxable OF28-12 3.1972% 2032 3,975,000 3,100,000 185,000 97,960 2,915,000 DICW Expansion-South Siegert Farm-Nontaxable OF28-12 2.7903% 2032 425,000 335,000 20,000 10,362 315,000 DICWTaxable-LantlAcquisition 11-17-14 3.9900% 2034 1,640,000 1,370,000 65,000 48,925 1,305,000 E911 Tower Relocation-Sales Tar 20% OF28-12 2.7903% 2027 235,800 162,000 16,200 4,860 145,800 FireSYation7631mprwemeMs-Gaming OF28-12 2.7903% 2022 65,000 40,000 10,000 1,200 30,000 Fire AmbiBuiltling HVAGBunker IrrigationiPark 11-17-14 3.3000% 2025 715,000 515,000 70,000 15,450 445,000 FirePumper-Gaming OF28-12 2.7903% 2027 269,800 181,050 17,750 5,432 163,300 Fire Truck Refuntling-Debt Service Levy 0417-17 3.0000% 2030 951,500 893,600 60,900 26,808 832,700 Fire SYation#2iPark ImprovemeMs-Sales Tax 20'% 11-17-14 3.3000% 2034 320,000 275,000 15,000 8,825 260,000 FireAmbulanceReplacement 0417-17 3.0000% 2030 230,000 215,000 15,000 6,450 200,000 Frenchise Fee Settlement Jutlgment Bontl 0404-16 2.9326% 2035 2,830,000 2,580,000 135,000 70,306 2,445,000 GDTIF Main SYreet Refuntling 0417-17 3.0000% 2021 305,000 230,000 70,000 6,900 160,000 GDTIFKepharfsBuiltling-Refuntling 0404-16 2.9127% 2023 200,000 150,000 30,000 4,500 120,000 GDTIFLibreryRenovation-Refuntling 0404-16 2.9127% 2023 1,275,000 935,000 175,000 28,050 760,000 GDTIF Downtown Housing Refuntling 0417-17 3.0000% 2030 2,120,000 2,005,000 125,000 62,755 1,880,000 GDTIF Millwnrk Disirict Refuntling 04-17-17 3.0000% 2030 2,080,000 1,960,000 135,000 58,800 1,825,000 GDTIF7ihSYreet2-WayCorrversion 03-1512 2.7031% 2031 5,560,000 4,230,000 275,000 109,294 3,955,000 GDTIFIMermotlal 03-1512 2.5444% 2031 4,380,000 3,335,000 220,000 82,212 3,115,000 GDTIF 5ih SY ResiroomMlFC 12-10.12 2.5337% 2032 1,988,538 1,612,204 97,568 39,556 1,514,636 GDTIFMCIC/ADAAssist.iEcon.DevGreMs 12-10.12 1.7008% 2032 1,035,000 540,000 130,000 10,028 410,000 GDTIF Washington Neighborhootl Business InceMie OF28-12 3.1972% 2032 755,000 615,000 35,000 19,405 580,000 GDTIFIMermotlaVMillwnrkParking/CHI 11-17-14 3.9900% 2034 5,670,000 5,670,000 50,000 206,889 5,620,000 GDTIF Trenstl ROMiDT Loan Pool/ADA Assist 11-17-14 3.3000% 2034 190,000 190,000 10,000 6,125 180,000 Librerylmprovemenis-SalesTax20% OF28-12 2.7903% 2022 65,500 45,000 4,500 1,350 40,500 Librerylmprovemenis 12-10-12 2.4872% 2027 173,992 122,314 12,286 2,966 110,028 ParklmprwemeMs-Gaming 12-10-12 2.4872% 2022 209,050 109,150 20,350 2,211 88,800 Park ImprwemeMs Sales Tar 20% 12-10-12 2.4872% 2022 171,808 85,355 20,554 1,996 64,801 ParklmprwemeMs-SalesTar20% OF28-12 2.7903% 2027 65,500 45,000 4,500 1,350 40,500 ParkWaterS/stemStutlyRefuntling 0417-17 3.0000% 2030 60,000 56,400 3,800 1,692 52,600 Park Ham House-Sales Tax 20% 0404-16 2.7896% 2035 200,668 183,416 9,080 4,798 174,336 Parking Refnancetl Portions 5ih/3rtl StAA Ramps 12-10-12 12193% 2021 5,541,573 1,353,000 715,000 21,758 638,000 Parking Port of Dubuque Parking Ramp 3/19/2018 3.0464% 2026 373,553 373,553 39,028 12,443.00 334,525.00 Parking Cenirel Ave Ramp Refuntling 0417-17 3.0000% 2030 6,380,000 5,965,000 455,000 178,950 5,510,000 Parking lowa SYreet Ramp Improvemenis 0&01-11 3.3045% 2031 60,720 - - - - Parking lowa SYreet Ramp Improvemenis 3/19/2018 2.9050% 2031 45,516 45,516 2,830 1,369.59 42,686.00 Parking Locust Ramp Security Cameres OF28-12 2.7903% 2033 175,000 140,000 10,000 4,313 130,000 Parking ImprwemeMs 11-17-14 3.3000% 2034 185,000 160,000 10,000 5,087 150,000 ParkingRamplmprwemeMs-Taxable 11-17-14 3.9900% 2034 305,000 270,000 15,000 9,605 255,000 PoliceSoiiwareReplacemeM-Gaming 12-10-12 2.4872% 2022 355,950 185,850 34,650 3,764 151,200 Police CAD Soiiware-Gaming 11-17-14 3.3000% 2030 260,000 215,000 15,000 6,600 200,000 Public Works EquipmeM Sales Tar 30% 11-17-14 3.3000% 2022 305,000 180,000 45,000 5,400 135,000 Public Works Equip Refuntling 0417-17 3.0000% 2030 392,000 368,100 25,100 11,043 343,000 PublicWorks/Trenstl RatlioReplacement-FV18 Fulure 3.3000% 2038 200,000 196,305 7,573 6,416 188,732 PW Curb RamryEngineering SYreet Improv 11-17-14 3.3000% 2034 1,250,000 1,085,000 55,000 34,825 1,030,000 RecreationlmprwemeMs-SalesTar20% OF28-12 2.7903% 2022 9,800 5,600 1,400 168 4,200 RecreationlmprwemeMs-SalesTar20% 12-10-12 2.4872% 2027 14,924 10,678 1,010 260 9,668 Date Average Vear M AmourR Principal Principal IrRerest Principal Description M Interest Final M Outstantling Due Due Outstantling Issue Rate Payment Issue 6/30H8 FV 2019 FV 2019 6/30H9 SanitarylmprwemeMSRefuntling 0417-17 3.0000% 2030 660,000 625,000 45,000 18,750 580,000 SanitarySewerlmprovemeMs 3/19/2018 2.9050% 2031 1,030,009 1,030,009 64,036 30,994.00 965,973.00 SanitaryForcemainRepair 12-10-12 2.4872% 2032 655,239 508,291 31,316 12,817 476,975 SanitarySewerlmprovemeMs OF28-12 2.7903% 2033 1,560,000 1,230,000 70,000 38,045 1,160,000 SanitarySewerlmprovemeMs 11-17-14 3.3000% 2034 5,670,000 5,400,000 275,000 173,325 5,125,000 SanitarySewerlmprovemeMs 0404-16 2.7896% 2035 2,405,000 2,205,000 110,000 57,606 2,095,000 Solitl Waste Collection Refuntling 0417-17 3.0000% 2030 51,300 48,200 3,300 1,446 44,900 Solitl Waste Collection 3/192018 2.9050% 2031 27,447 27,447 1,706 825.00 25,741.00 SYormwater Refuntling 0404-16 2.9127% 2028 6,270,000 4,840,000 585,000 145,200 4,255,000 SYormwaterSalesTaxRevenue -GO OS19-14 32309% 2029 7,190,000 7,190,000 323,100 7,190,000 SYormwaterlmprovemenisRefuntling 0417-17 3.0000% 2030 2,015,000 1,895,000 135,000 56,850 1,760,000 SYormwaterlmprovemenis 3/19/2018 2.9050% 2031 1,714,542 1,714,542 106,594 51,592.00 1,607,948.00 SYormwaterlmprovemenis Ob15-12 2.7031% 2031 1,935,000 1,415,000 95,000 36,532 1,320,000 SYormwater 7ih SYreet SYorm ImprwemeMs 12-10-12 2.4872% 2032 134,342 104,213 6,421 2,628 97,792 SYormwaterlmprovemenis OF28-12 2.7903% 2033 405,000 320,000 20,000 9,900 300,000 SYreetligM ReplacemeM Refuntling-ST 0417-17 3.0000% 2030 4,900 4,600 300 138 4,300 SYreet FEMA Lantl Buyout-Gaming OF28-12 2.7903% 2027 110,200 73,950 7,250 2,218 66,700 SYreet Fiber/SitlewallvLigMs Refuntling RUT 0417-17 3.0000% 2030 258,600 242,900 16,500 7,287 226,400 SYreetSoulhwestArterial 3/192018 2.9050% 2031 771,557 771,557 47,968 23,217.00 723,589.00 SYreet Soulhwest Arterial-Sales Tar 30% 12-10-12 2.4872% 2032 1,280,545 999,459 57,627 24,757 941,832 WaterSystemlmprwemeMs 3/19/2018 2.9050% 2031 1,155,930 1,155,930 71,865 34,782.00 1,084,065.00 WaterSystemlmprwemeMs 12-10-12 2.4872% 2032 644,151 499,693 30,787 12,600 468,906 WaterSystemlmprwemeMs OF28-12 2.7903% 2033 1,840,000 1,450,000 85,000 44,850 1,365,000 WaterSystemlmprwemeMs 11-17-14 3.3000% 2034 9,195,000 9,195,000 470,000 295,131 8,725,000 WaterSystemlmprwemeMs 0404-16 2.7896% 2035 635,000 585,000 30,000 15,288 555,000 TotalGenualOWigationBonds 186,440,001 96,481,311 7,732,572 2,987,835 88,748,739 Tax Increment Port of Dubuque Parking Ramp(GDTIF) 10.16-07 7.5000% 2037 23,025,000 20,045,000 510,000 1,503,375 19,535,000 TotalTazlncrement8onds 23,025,000 20,045,000 510,000 1,503,375 19,535,000 40 Main(GDTIF) 0&06-09 2020 690,529 255,881 79,826 15,582 176,055 TotalTazlncreneMNotes 1,684,807 255,881 79,826 15,582 176,055 TotalTa:lncrement 24,709,807 20,300,881 589,826 1,518,957 19,711,055 Economic DevelopmerR TIF Rebate Aqreements Metlline (DICIM 11-19-07 Rebate 2019 1,600,279 173,038 173,038 - - Vanguartl (DICW) OF02-OB Rebate 2022 279,093 130,737 32,684 - 98,053 GiesePropertiesll (DICIM 07-17-06 Rebate 2019 41,261 4,438 4,438 - - Dubuque Screw (DICIM OF19-06 Rebate 2019 345,516 38,414 38,414 - - FaleyProperties(DICIM 02-07-11 Rebate 2022 904,638 420,243 105,061 - 315,182 GreenlntlusirialSuppN(DICIM OB-1S11 Rebate 2023 2,908,812 1,040,102 208,020 - 832,082 TrFState Qualtly Metals(DICW)NonAppropriation 03-17-14 Rebate 2026 32,510 43,503 43,503 - 43,503 Roasting Solulions(DICIM NonAppropriation 01-1416 Rebate 2028 33,666 33,666 33,666 - 33,666 HormelFootls (DICW)(100%2021/40%2026) 04-21-OB Rebate 2026 8,250,067 3,456,565 691,313 - 2,765,252 Hartig(GDTIF)60% 09-21-06 Rebate 2019 100,119 8,657 8,657 - - C&BSecurity(GDTI� 07-20.07 Rebate 2019 356,976 31,660 31,660 - - SYarBrewery(GDTIF) 07-17-06 Rebate 2020 1,223,307 146,060 73,030 - 73,030 IMerstate Builtling(GDTIF) 11-03-OB Rebate 2020 117,481 14,615 14,615 - - Victory Cafe 756 Main SL(GDTIF) OF21-10 Rebate 2022 87,053 24,945 6,236 - 18,709 Bow7ing&Beyontl Lease Buyoul(GDTIF) 10.15-12 Lease Buyoul 2032 1,000,000 700,000 50,000 - 650,000 Flexsteel(GDTI� 04-1&11 Rebate 2024 2,020,572 1,205,456 200,909 - 1,004,547 The Rose(Lake Ritlge) 09-2F11 Rebate 2024 136,014 94,855 15,809 - 79,046 Linseetl Oil(GDTI�MUItFRes 03-07-13 Rebate 2025 576,504 87,854 15,703 - 72,151 RousselM(GDTI�(NonAppropriation) 01-22-13 Rebate 2025 4,931 7,197 7,197 - 7,197 JulienHotel(GDTIF) 04-21-OB Rebate 2026 3,260,286 1,714,444 214,306 - 1,500,138 44 Main(GDTIF)Mutli-Res 10-1&10 Rebate 2027 446,799 197,110 24,962 - 172,148 BarkerFinancial(GDTI�MUItFRes OB-1F10 Rebate 2027 297,282 97,890 14,869 - 83,021 EngineHouse#1(GDTIF) OF06-11 Rebate 2027 171,166 89,505 9,945 - 79,560 253 Main SY.(GDTI�(NonAppropriation) 0406-15 Rebate 2027 5,798 2,673 2,673 - 2,605 Spahn antl Rose (GDTIF)(Non-Appropriation) 0421-14 Rebate 2027 108,221 108,221 108,221 - 108,221 FrenklinlrrvesimeM-Mutlires(GDTIF) 0404-11 Rebate 2028 437,225 260,225 33,643 - 226,582 Nottingham Properties Mutlires(GDTIF) Ob15-11 Rebate 2028 82,219 7 7 - - Plastic CeMer Betty Jane Block(GDTIF) 02-07-11 Rebate 2028 148,957 21,977 4,593 - 17,384 Caretico(GDTIF)Mutli-Res 03-21-11 Rebate 2028 1,499,442 1,086,407 123,354 - 963,053 Bonson 356 Main SL(GDTIF)Mutli-Res 12-1411 Rebate 2028 152,286 64,881 8,226 - 56,655 Roshek Builtling(GDTIF)(Non-Appropriation) 02-17-09 Rebate 2030 5,149,852 273,683 273,683 - 273,683 Novetly Iron Works(GDTIF)(NonApprop)Mutli-Res OF17-13 Rebate 2031 33,105 129,410 129,410 - 125,686 Date Average Vear M AmourR Principal Principal IrRerest Principal Description M Interest Final M Outstantling Due Due Outstantling Issue Rate Payment Issue 6/30H8 FV 2019 FV 2019 6/30H9 ConlonJohnson (TECF� 10.18-10 Rebate 2019 953,129 124,721 124,721 - - SYreka Johnson (TECH) 01-01-07 Rebate 2019 189,613 18,702 18,702 - - Rockfarm Holtlings(TECF�NonAppropriation 10.07-14 Rebate 2027 42,301 38,955 38,955 38,955 TotaITlFRebates 41,529,546 11,890,816 2,884,223 - 9,640,109 GenualFuntletlLeases Various Various On-going 194,160 155,000 155,000 Other Loans-Revenue Backetl IowaFinanceAuthortlyLoan-Caretico 12-01-10 3.0000% 2030 4,500,000 3,739,197 135,000 3,739,197 Tota101herLns-RevBacketl 4,830,000 3,739,197 135,000 3,739,197 Total City Intlebtetlners Subject to Debt Lirtit 257,703,514 132,567,205 11,206,621 4,641,792 121,994,100 StatutoryDebtLirtit $ 209,048,707 $ 221,512,756 %of Debt Lirtit Usetl 63.41% 55.07% Remaining Debt Capacity $ 76,981,502 $ 99,518,656 ATTACHMENT D DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT (2018.3) Updated November 20, 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, lowa. 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 Sth 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, Sth 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 Sth P.M. Dubuque County, lowa, 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 Sth 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, Sth Principal Meridian; and § any adjoining public street right-of-way all in the City of Dubuque, Dubuque County, lowa. 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 '/<of the NW '/< of Sec. 30, T89N, R2E of the Sth PM; and any adjoining public street right-of-way, all in the City of Dubuque, Dubuque County, lowa. 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, lowa. 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, lowa, 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, lowa, 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, lowa, 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 Sth Principal Meridian, in Center Township , Dubuque County , lowa; § Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, lowa, 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 Sth P.M., in CenterTownship, Dubuque County, lowa. 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 Sth Principal Meridian, in the City of Dubuque, lowa. § Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the Sth Principal Meridian, in the City of Dubuque, lowa. § Lot 2 of McFadden Farm Place #2, in the City of Dubuque, lowa. § Lot 2 of McFadden Farm Place, in the City of Dubuque, lowa. § 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 Sth Principal Meridian, in the City of Dubuque, lowa. § 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 Sth Principal Meridian, in the City of Dubuque, lowa. § All in the City of Dubuque, Dubuque County, lowa. 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 Sth Principal Meridian, in the City of Dubuque, lowa. Subarea I of the District consists of the real property legally described as follows: § Lot 2 Seippel Road Place #2, Dubuque County, lowa. § Lot 2-1-1 of the Southeast Quarter of the Southeast Quarter of Section 25, Township 89 North, Range 2 East of the Sth Principal Meridian, Dubuque County, lowa Subarea J of the District consists of the real property legally described as follows: § Lot 2 Julien Care Place, Dubuque County, lowa. § Lot 3 Julien Care Place, Dubuque County, lowa § Lot 2-1 Julien Care Place, Dubuque County, lowa 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, lowa. Subarea L of the District shall include the following described properties: § Lot 1 of Loretta Bahl's Homestead, in the City of Dubuque, lowa, comprised of Lot 1 of the West 30 Acres of the Southwest '/< of the Southeast'/<, Section 19, Township 89 North, Range 2 East of the Sth P.M. All in the City of Dubuque, lowa Subarea M of the District shall include the following described properties: § Lot 2 of the Subdivision of Lot 2 of the Northeast '/< of the Northeast '/< of Section 30, Township 89 North, Range 2 East of the Sth P.M. All in the City of Dubuque, lowa MINUTES � i CONSl1LTATION WITH AFFECTED TAXING BODIES for the following URBAN � RENEWAL PLAN: i I • Dubuque Industrial Center Economic Development District, Version � 2018.3 ; �' Tuesday, November 27, 2018 at 8:00 a.m. City Hall, Conference Room B, Second Floor ' 50 W. 13t" Street Dubuque, lowa 52001 Meeting commenced 8:00 a.m. Present: No representatives from the taxing bodies were in attendance. Meeting adjourned: 8:15 a.m. �� . Jill M. Connors Economic Development Project Coordinator, City of Dubuque ; ; ; i I i I i � CITY OF DUBUQUE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will th hold a public hearing on the 17 day of December, 2018, at 6:00 p.m. in the Historic Federal Building, City Council Chambers (Second Floor), 350 West 6th Street, Dubuque, Iowa, at which meeting the City Council will consider a proposed Amended and Restated Urban Renewal Plan (“Plan”) for the Dubuque Industrial Center Economic Development District ("District"). The proposed Plan, if approved, would amend and restate the Plan to include additional project activities that may be undertaken in order to achieve the objectives of the Plan, including those relating to the development, construction and operation of a food production facility in the District by a national food production company. The Plan also would add two areas adjacent to the existing District, to be known as Subarea L and Subarea M, to the District for the purpose of redevelopment and the undertaking of urban renewal project activities thereon by the City, as described in the Plan. The City Council has found that the proposed areas meet the definition of an economic development area as found in Chapter 403 of the Iowa Code and should be included therein. The proposed Subareas are legally described as follows: Subarea L of the District shall include the following described properties: Lot 1 of Loretta Bahl’s Homestead, in the City of Dubuque, Iowa, comprised of Lot 1 of the West 30 Acres of the Southwest ¼ of the Southeast ¼, Section 19, Township 89 North, Range 2 East of the 5th P.M. All in the City of Dubuque, Iowa Subarea M of the District shall include the following described properties: Lot 2 of the Subdivision of Lot 2 of the Northeast ¼ of the Northeast ¼ of Section 30, Township 89 North, Range 2 East of the 5th P.M. All in the City of Dubuque, Iowa At the above meeting, the City Council will receive oral and written comments from any resident or property owner of said City to the above action. Written comments regarding the proposed Plan may be submitted to the City Clerk’s Office on or before said time of public hearing. Copies of supporting documents for the public hearing are on file in the City Clerk’s th Office, 50 W. 13 Street, and may be viewed during normal working hours. Any visually or hearing impaired persons needing special assistance or persons with special accessibility needs should contact the City Clerk’s Office at (563) 589-4100 or TTY (563) 690-6678 at least 48 hours prior to the meeting. th Published by order of the City Council given on the 19 day of November 2018. Kevin Firnstahl, CMC, City Clerk 1t 12/7 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: December 07, 2018, and for which the charge is $39.82. „424, ,9 -co Subscribed to before me, a Notary Public in nd for Dubuque County, Iowa, this day of �®-ya , 20 . AL 21,.„4,‘,/ otary Public in and for Dubuque County, Iowa. MARY K WESTERMEYER 1. Commission Number 154885 My Commission Exp, Feb, 1, 2020 CITY OF DUBUQUE, M, to the District for IOWA � the purpose of redevel OFFICIAL NOTICE opment and the under - PUBLIC, NOTICE is tekinq of, t a rban hereby 'given that the renewal prosect aG he City Council of the City ,ties' thereon by the of Dubuque, Iowa, will City, as described in hold a public hearing the Plan. ' The City on the 17th day' of De- ,Council has; found that cember, 2018, at 6:00 the proposed areas p.m. in the . Historic . meet the definition of Federal Building, City an economic develop- Council" Chambers ment area as found in (Second Floor), .350 Chapter 403 of. the DubuquWest 6th Iowa,Sbetreet; Iowa Codeincludetl andtherein. snould e `. at which meeting the, ity The proposed Subar- Council'will consider a eas are legally de proposed Amended scribed as follows: and Restated Urban Re- Subarea C of the Dis- newaI Plan. (Plan) for triioing .shall 'include the the Dubuque Industrial following described'I Center Economic De- properties; velopment District • Lot 1 of Loretta Bahl's ("District"). Homestead; in the City The proposed. Plan, if of Dubuque rIowa, com approved, would \ prised of Lot 1 of the amend and, restate the , West 30 Acres of the Plan to` include addi- Southwest Y4 of the tional prpject activities Southeast '/4 , Section that may be under"tak- "-19, Township 89 North, en in order to achieve Range 2 East of the 5th the objectives of the I P.M' ll in the City of plan,including those Dubuque, Iowa relating "tothe develop- Subarea M of the ment, construction and District shall include operation of a food pro- ! the following described duction facility in the properties: District by .a . national Lot 2 of the Subdivi- I food „production com- pany,. The Plan. also Sion eofa Lot 2 of the w' aNortheast. y4' of the adjacenouldttoadd thetwoexistingreas' Northeast 1/4 of Section District, to be known as ,i 30, Township 89 North, Subarea L and Subarea Range 2 East of the 5th P.IN. All in `the City of Dubuque, Iowa At the above meeting, the City Council willre- ceive oral and written" comments from any j resident or property, owner of said City to the above action. Writ- ten comments regard- ing the proposed Plan may be submitted to the City Clerks Office on or before said time of public hearing. Copies of supporting documents for the pub= ,i lic hearing are on file in the City Clerk's Office,' 50 W. 13th Street, and may be viewed during normal working hours. Any visually or hear- ing impaired persons needing special assis- tance or persons with special accessibility needs should contact the City Clerks Office at -(563), 589-4100 or TTY (563) 690-6678. at least 48 hours prior to the meeting. Published by order of the City Council given on the 19th day of November 2018. Kevin Firnstahl, CMC, City Clerk It 11/23 ii