IDED Letter-CEBA - CottinghamIOWA D E PA RTM E N T OF
ECONOMIC DEVELOPMENT
April 20,2001
The Honorable Terry Duggan
Mayor, City of Dubuque
City Ha[i, 50 W. 13th St.
Dubuque, IA 52001
RE:
Community Economic Betterment Account (CEBA)
Application No. 01-CEBA-45: Cottingham & Butler Insurance Service, Inc.
Dear Mayor Duggan:
It is my pleasure to advise you that the Department of Economic Development Board on April 19, 2001 approved
your Community's application for CEBA assistance on behalf of the above-captioned Business. The Economic
Development Board approved the CEBA Project Review Committee's recommendation to provide a 0% 5-year
loan in an amount not to exceed $120,000. The project must be administered in accordance with current CEBA
administrative rules, and the award is contingent on the Department finding that the Business has an acceptable
record with respect to state and federal law compliance to include environmental compliance. In addition, the
company must comply with the 1999 Iowa Code, Section '15A.1(3), which requires companies receiving state
financial assistance to conduct in-house audits and management plans to reduce the amount of hazardous waste
generated and to safely dispose of those wastes. To assist you in complying with these statutes, we have
attached a listing indicating some of the technical assistance sources for both Energy Efficiency Design and
Management and Waste Reduction Design and Management.
The following activities must be accomplished prior to release of funds.
A Loan Agreement, prepared by the Department of Economic Development, must be executed
by the parties.
Businesses generating solid or hazardous waste must either: 1) submit a copy of the business' existing
in-house plan to reduce the amount of waste and safely dispose of the waste based on an in-house audit
conducted within the past three years; 2) submit an outline of a plan to be developed in-house or 3) submit
documentation that the business has authorized the Iowa Department of Natural Resources or Iowa
Waste Reduction Center to conduct the audit.
The enclosed Loan Agreement Attachment A should be reviewed and Attachment B should be
completed; then both should be returned to the Department.
5. The business shall have provided documentation to the Department that it has consulted with the
area Workforce Center and JTPA/Promise Jobs Service Delivery Area Office to discuss
employment services available. In addition, the Business shall make available ten percent (10%)
of the new jobs created to qualified Promise Jobs program participants. Aisc, the business must
provide to these agencies a list of positions to be created including job descriptions and
qualifications.
Documentation shall be submitted to the Department of Economic Development indicating funding in the
project from the following sources:
THOMAS J. VILSACK, GOVERNOR
SALLY J. PEDERSON, LT. GOVERNOR
C. J. Niles, Director
200 East Grand Avenue ·
Des Moines, Iowa 50319
iufo@ided.state.ia, us · TTY:' 1.800.735.2942 · ww~.sta~e~a.us/ided
Source Type Amount
CEBA Loan $ '120,000
City of Dubuque TIF $ 300,000
Business Internal Financing $2,218,317
The security/collateral required in this project is: First mortgage on renovated Town Clock
Building located at 835 Main Street. Executed security agreements/liens in the project shall be
forwarded to the Department. It is understood that this security interest will be superior to any
Community funds in the project, excluding conventional bank financing.
It is f~rther understood that the Community will submit a certified lien search or attorney's title opinion after
the filing of the appropriate CEBA security documents.
The Business acknowledges that if it tails to create 40 FTE (full-time equivalent) jobs and have a community base
of 280 by the Project Completion Date, it will reimburse CEBA funds for the employment shortfall as set out in the
Loan Agreement,
The Department of Workforce Development can provide labor market information, recruitment and placement
services, proficiency testing, and answers to questions on worker's compensation, workplace safety and
unemployment insurance. Your local Job Service office will be notified of your award and will be contacting you
to provide additional information.
Please let us know if we may be of any further assistance. We are looking forward to the implementation of the
project and the new job opportunities it will create.
Sincerely,
Director
vsm
Enclosure
CC:
John E. Butler, Cottingham & Butler Insurance Service, Inc.
Michael Van Milligen, City Manager
The Honorable Kitty Rehberg, State Senator (Letter only)
The Honorable Para Jochum, State Representative (Letter only)
The Honorable Pat Murphy, State Representative (Letter only)
Call Beals, NE Area Manager (Letter only)
Duane Ferguson, Legislative Fiscal Bureau (Letter only)
Mark Thompson, Office of the Attorney General (Letter only)
Brian Tormey, Department of Natural Resources (Letter only)
Melanie Johnson, DED Legal Counsel (Letter only)
Dennis Brehm, DED/Accounting (Letter only)
Tony Dietsch, Iowa Workforce Development (Letter only)
Georgia Soliday, DED/Legislative Liaison (Lettar only)
Nancy Pedersen, DED (Letter only)
Ken Boyd, DED/Bureau of Business Finance
01-CEBA-45 File
SOURCES OF TECHNICAL ASSISTANCE
Energy Efficiency Design and Management
Department of Natural Resoumes
Energy and Geological Resources Division
Larry Bean, Administrator
900 East Grand
Des Moines, IA 50319
515/281-4308
Iowa State University Extension
Center for Industrial Research and Service
ISU Research Park Suite 500
2501 North Loop Ddve
Ames, IA 50010
515/294-3420
with regional offices in Cedar Rapids, Council Bluffs, Davenport, Des Moines, Storm Lake, and Waterloo
Local utility company
Pdvate energy management engineering and conservation consultants
Waste Reduction Design and Management
Department of Natural Resources
Waste Management Assistance Division
Beth Hicks, WRAP Program Manager
900 East Grand
Des Moines, IA 50319
515/281-8975
University of Northern Iowa
Iowa Waste Reduction Center
John Konefes, Director
1005 Technology Parkway
Cedar Falls, IA 50613
319/273-8905
Iowa State University Extension
Center for Industrial Reseamh and Service
Lloyd Anderson, Interim Director
ISU Reseamh Park Suite 500
2501 North Loop Drive
Ames, IA 50010
515/294-3420
with regional offices in Cedar Rapids, Council Bluffs, Davenport,
Des Moinee, Storm Lake, and Waterloo
Private environmental engineering consultants.
CEBA
A]~ACHMENT B
Name of Recipient City of Dubuque (01-CEBA-45)
Cottingham & Buffer Insurance Service, Inc.
IOWA CEBA RECIPIENT PROGRAM SCHEDULE
2001 2002
PROJECT ACTIVITY: Loan to the City of '1~ Qtr. 2"° Qtr. 3r° Qtr. 4'" Qtr.
Dubuque for Cottingham & Butler Insurance
A M I J J A S O N D J F M
Service,
Inc.
Milestones: / I I / I I / I / I I /
I. Site Prep~aration
I
2. Building Remodeling I
3. Machinery & Equipment
4. Furniture & Fixtures
5. Other
6.
I
7.
2O03
PROJECT ACTIVITY: Loan to the City of Dubuque $~' Qtr. 6th Qtr. 7th Qtr. 8th Qtro
for Cottingham & Butler Insurance Service, Inc.
A M J J . A s o iN O J iF M
Milestones:
1. Site Preparation
2. Building Remodeling
3. Machinery & Equipment
4. Furniture & Fixtures I
5, Other
6.
?' I
ATTACHMENT B
CEBA Name of Recipient City o£Dubuqu~ (0I-CEBA-45)
Cottingham & Butler Insurance Service, Inc.
IOWA CEBA RECIPIENT PROGRAM SCHEDULE
2004
PROJECT ACTIVITY: Loan to the City of Dubuque 9th Qtr, 10th Qtr. 11th Qtr, 12"' Qtr.
for Cottingham & Butler Insurance Service, Inc.
A M J JA S O N iD J F M
r~ileeto.es: /I II II/I I II I
'1. Site Preparation
I
2. Building Remodeling
3. Machinery & Equipment
4. Furniture & Fixtures
5. Other
6.