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Economic Development Fiscal Year 2023 Budget PresentationCity of Dubuque Special Meeting ITEM TITLE SUMMARY: SUGGESTED DISPOSITION: Copyrighted March 9, 2022 Public Hearings # 4. Economic Development Fiscal Year 2023 Budget Presentation ATTACHMENTS: Description Type Economic Development Policy Budget Book Supporting Documentation Presentation —Uploaded 3.9.22 Supporting Documentation Economic Development -71- This page intentionally left blank. -72- ECONOMIC DEVELOPMENT DEPARTMENT Budget Highlights Expenses Employee Expense Supplies and Services TIF Rebate Payments Equipment Subtotal Debt Service Total Resources TIF Charges TIF Land Sales/Reimbursements Hotel/Motel Tax (50%) Farmland Rent Miscellaneous Revenue Total Property Tax Support Percent Increase (Decrease) Personnel - Authorized FTE FY 2021 FY 2022 FY 2023 % Change From Actual Budget Requested FY 2022 Budget 342,918 381,798 413,913 8.4% 2,308,701 2,131,393 2,562,656 20.2% 2,563,926 2,932,132 3,342,099 14.0% 859 1,050 2,800 166.7% 5,216,404 5,446,373 6,321,468 16.1% 17,965,096 3,027,204 2,937,052 -3.0% 23,181,500 8,473,577 9,258,520 9.3% 20,529,022 5,959,336 6,279,151 5.4% 284,597 308,538 364,121 18.0% 1,145, 392 897,873 1,170,134 30.3% 58,786 41,828 58,786 40.5% 26,624 29,094 32,694 12.4% 22,044,421 7,236,669 7,904,886 9.2% 1,137,079 1,236,908 1,353,634 116,726 9.4% 3.75 3.75 3.75 Improvement Package Summary 1 of 13 This improvement request is for a laptop for use by the Economic Development intern position, established in 2019 and typically dedicated to Arts & Culture activities within the department. This position has previously relied on access to shared work stations, limiting hours available for employment, or the use of refurbished and thus inadequate machines for use by intern. To provide effective and equitable service, we request a laptop for onsite use by the year-round .25 intern position. When not in use by the Econ Dev intern, the laptop maybe used to support work of AmeriCorps and other grant -funded temporary support personnel related. This request supports the City council goal of Financially Responsible, High -Performance City Organization. Related Cost: $ 2,800 Tax Funds Non -Recurring Recommend - Yes Property Tax Impact: $ 0.0011 0.01% Activity: Economic Development 2of13 This improvement request is for addition of a .75 FTE Communications Specialist / Grants Administration Assistant (GE-31) to support the full-time Arts & Cultural Affairs Coordinator. Responsibilities of for the Arts & Cultural Affairs Coordinator have increased steadily since their hire in July 2019 in response to expanding community impacts, growing partnerships, emergence of diverse -73- priorities, and procurement of outside grant funding in support of continued Arts & Culture Master Plan implementation and COVID-19 recovery efforts of arts and culture assets and the creative sector. In compliment to the current Arts Coordinator's skill set, an individual with strong design skills, a working knowledge of marketing trends and a broad range of online and physical engagement platforms, and ability to implement best practices in grant administration and reporting is a vital addition to effectively manage current and anticipated FY23 workloads. In FY23, the Office of Arts & Cultural Affairs anticipates launch of a comprehensive arts and culture communication campaign in partnership with Travel Dubuque, facilitation of the Arts & Economic Prosperity Study VI, and the management of up to $530,000 pending grant requests to state and federal sources. We also anticipate and welcome developing arts and culture -inspired community engagement efforts in collaboration with the Black Heritage Survey, the Office of Shared Prosperity, and the Bee Branch Pollinator Week. This position will pilot in FY22 anticipated to start March 1, 2022, with costs covered by $7,500 in confirmed Iowa Arts Council ARPA grant funds and $8,030 in NEAARPA LAA Subgranting funds. The continuation of this position in FY23 is outlined in the allocation of NEAARPA funds; NEA funds can only be applied to management of that $500,000 award. Leveraging NEA funds alongside general funds to offer a .75 FTE position will would dramatically improve the Arts & Cultural Affairs Coordinator's capacity with Master Plan oversight, Commission support, community partnerships and existing programs, grant seeking and reporting, work cross -departmentally on City initiatives, equity work internally and with funded partners, and general community engagement. This request supports the City Council Goal of Financially Responsible, High Performance City Organization: Sustainable, Equitable and Effective Service Delivery and Diverse Arts, Culture, Parks & Recreation. Related Cost: $ 49,755 Tax Funds Recurring Recommend - No Related Cost: $ 2,800 Tax Funds Non -Recurring Related Revenue $ 37,500 Federal Grant (NEA) Non -Recurring Total Cost: $ 15,055 Property Tax Impact: $ 0.0059 0.06% Activity: Arts and Cultural Affairs 3of13 This improvement request is for payment of expenses related to the preparation of grant applications. EPA Brownfields grants, in themselves, have catalyzed hundreds of millions of dollars in public and private investment in our community. Having funds to cover the expense of writing the grant applications is a small investment. Having well -written grants increases the chances of Dubuque receiving these grants which historically have funded important efforts such as the original purchase of land for the Industrial Center West, the redevelopment of the Historic Millwork District, the development of the Port of Dubuque, the transformation of the Bee Branch area, and others. The community benefits from the positive economic and aesthetic changes in these various areas of town provide. Based on the wide variety of grants the City applies for and has received, funding the grant writing process results in achieving all the City Council's goals. Related Cost: $ 20,000 Tax Funds Recurring Recommend -Yes Total Cost: $ 20,000 Property Tax Impact: $ 0.0079 0.08% Activity: Economic Development -74- 4of13 This improvement request is for providing $3,000 grants to minority -owned businesses to support ongoing operations. Eligible expenses under the grant include but are not limited to permanent equipment/signage, supplies, rent/utilities, training/technical assistance, and marketing. This funding will supplement CDBG funds (CIP 260-2636) for the same purpose, which can only be utilized by low- income individuals. In 2021, this program assisted 10 businesses, of which 9 are minority -owned and 8 are women -owned. The program helped businesses hire new employees, get certifications, move into new office space, as well as other business -expansion efforts. This program addresses the City's goals of Equitable Poverty Prevention & Reduction — making sure that our minority -owned businesses have adequate resources to succeed and reducing the racial equity gap. No change to staffing needs, as grant administration is contracted with Fountain of Youth, who also deliver personal development sessions. Related Cost: $ 25,000 Tax Funds Recurring Recommend - No Total Cost: $ 25,000 Property Tax Impact: $ 0.0098 0.10% Activity: Economic Development 5of13 This improvement request increases funds available to be granted to Dubuque -based arts and culture organizations via the Operating Support Grants (OSG) program through the Office of Arts and Cultural Affairs. Established in 2005, OSG is a competitive funding opportunity available to established arts, culture or humanities -based nonprofits. Applicants are generally eligible for up to 6% or $30,000 max of their verifiable operating budget; requests are scored by a panel independent of staff or the Arts Commission against a rubric that measures equity impacts, organizational stability, and alignment with City goals and priorities. Initially in FY05, $200,000 was allotted and distributed to 12 organizations. Most recently, for FY22 $250,000 was budgeted and distributed to 19 organizations. This current funding cycle that fully disbursed the program's $250,000 budget met only 81.3% of the funding requested by 19 applicants who's operating budgets collectively total $12,106,131. As we seek to keep up with growth in organizations, new organizations becoming eligible, and meeting the needs of grantees to support their diverse work in the community, as well as the recovery of our cultural assets after COVID-19, this request will move us closer to filling the gap in funding requests. The request supports City Council Goal of Diverse Arts, Culture, Parks, and Recreation Experiences and Activities by providing essential support to Arts and Culture organizations to sustain their operations, especially needed due to long terms impacts of COVID-19 on earned revenue. Arts and Culture Operating Support also supports the City Council goals of Robust Local Economy as OSG funds can support jobs and Vibrant Community through supporting safe, accessible activities that positively impact the brain health of those that participate in them. A majority of OSG grantees are located within or primarily serve audiences in CDBG target areas. Related Cost: $ 50,000 Tax Funds Recurring Recommend - No Net Cost: $ 50,000 Property Tax Impact: $ 0.0197 0.20% Activity: Arts and Cultural Affairs -75- 6of13 This improvement request is to continue the AmeriCorps Teen Creative Engagement Specialist position and to secure a laptop for that person's work to foster teen engagement efforts related to the City's arts and culture related programming in support of ongoing implementation of the City's Arts and Culture Master Plan; this Teen Creative Engagement Specialist is currently being recruited and paid for through a no match FY22 AmeriCorps grant. The AmeriCorps' will be supervised by the Arts & Cultural Affairs Coordinator in collaboration with the City's established AmeriCorps program. The host organization for the AmeriCorps has yet to be determined but initial conversations have identified that the Multicultural Family Center, Dubuque Museum of Art or Creative Adventure Lab are likely partners. Partnering with the AmeriCorps program is a cost effective method to expanding the capacity of the Office of Arts & Cultural Affairs; an AmeriCorps dedicates 1700 hours to their focus area over an 11-month period which averages out to 34-hours per week. The AmeriCorps' efforts will be targeted at teen engagement and representation in the Art on the River program, the Dubuque Renaissance Project, and other public art related initiatives. A laptop is part of the request as the Economic Development Department does not currently have one available and a computer will be necessary for the AmeriCorps' work; the laptop will be used by future AmeriCorps, creating continuity with the work being done. The request supports City Council Goal of Diverse Arts, Culture, Parks, and Recreation Experiences and Activities by expanding youth engagement and contributions in City's arts and culture programs. The request also supports the City Council goal of Partnership for a Better Dubuque by fostering a new collaboration among City departments that directly connect and impact community programs and organizations. This improvement package broadens the impact of Art on the River and Master Plan Implementation, identified as a 2020-2022 High Policy Priority. AmeriCorps: Potential Expansion Area is identified as a 2021-23 Management in Progress item for the Diverse Arts, Culture, Parks, and Recreation Experiences and Activities City Council Goal. The 3 potential AmeriCorps host organizations are within and serve residents in CDBG target areas; Art on the River is within a CDBG target area. Related Cost: $ 10,650 Tax Funds Recurring Recommend - Yes Related Cost: $ 2,800 Tax Funds Non -Recurring Net Cost: $ 13,450 Property Tax Impact: $ 0.0053 0.05% Activity: Arts and Cultural Affairs 7of13 This improvement request is for an increase of $122,387 for the contracted service agreement with Greater Dubuque Development Corporation. The City currently funds $713,748. In Fiscal Year 2022, Greater Dubuque Development will begin its next five-year initiative. In that five year plan, GDDC will continue their nationally recognized Business Retention and Expansion program along with the essential work of recruiting new employers to the market. GDDC will also rebrand and expand their work in community development and sustainable innovations under the title of Strategic Initiatives. The main focus in the next five years is the retention, recruitment and creation of workforce in the Greater Dubuque area. The creation of workforce includes connecting to the unemployed and underemployed population, disproportionately minority, and connecting those citizens with educational opportunities through Opportunity Dubuque in partnership with Northeast Iowa Community College. Upon completion of the participants certificate of training, GDDC will work with community employers and provide livable wage employment. The goals five year goals for the new five year initiate include: Population growth to 105,000 from 99,266; Employment growth to 64,000 from 58,733; Median household income increased to $76,000 from $63,031; Residential and commercial construction of $1 billion; and a fifth goal will be set in support of the City's Office of Shared Prosperity and Neighborhood Support. This organization's -76- work meets the goals of having a Robust Economy: Diverse Businesses and Jobs with Economic Prosperity. Related Cost: $122,387 Tax Funds Recurring Recommend - Yes Related Revenue: $116,887 Land Sales Non -Recurring Total Cost: $ 5,500 Property Tax Impact: $ 0.0022 0.02% Activity: Economic Development 8of13 This improvement request is for an additional $214,000 to sponsor 66 Dream Center students for an entire year of programming. The Dream Center program provides students with year-round holistic services that include continued School Day Curriculum, Healthy Meals, Skill/Character Development, and more. Academic success is largely built on skills and concepts students learn in grades K-3. High - quality assessments can pinpoint student trouble spots before they become problems with long-lasting impact. The City of Dubuque's support will allow us to focus on continuing to Impact children of low- income and working families as we prepare for our campaign to become a licensed childcare facility and Student Sponsorship program in 2021. In order to progress towards sustainable income to continue to provide quality and affordable care to the children of working families, the Dream Center is seeking to become a Licensed Childcare Facility and generate funding support from the State of Iowa by Fall 2021. Becoming a licensed childcare facility means access to affordable childcare for working families. The Student Sponsorship program will be established to assist low-income families that do NOT meet the Department of Human Services requirements for financial childcare assistance but are unable to afford the annual program fees. The City recently funded a $276,000 funding gap for capital improvements and a $15,000 planning grant for those improvements. The currently funds a $50,000 contracted service agreement. Recommendation is $10,000. Related Cost: Property Tax Impact $ 10,000 Tax Funds Recurring Recommend - Yes $ 0.0039 0.04% Activity: Economic Development 9of13 This improvement request is to provide $40,200 in additional funding to the Fountain of Youth. The funding will be a continuation of the Partners in Change/Community in Change programming. This funding will assist with providing services to the low income populations of Dubuque and the surrounding communities. The City currently funds $50,000 as continually annual commitment. Recommendation is $10,000. Related Cost: $ 10,000 Tax Funds Recurring Recommend - Yes Property Tax Impact: $ 0.0039 0.04% Activity: Economic Development 10 of 13 This funding request provides an additional $8,330 for Dubuque Main Street. Dubuque Main Street has been a longtime partner with the City, providing economic development services in the downtown area, as well as organizing cultural events and managing the Dubuque Farmer's Market. This organization's -77- work meets the goals of having a Robust Economy as well as Diverse Arts and Cultural offerings. The City currently funds $83,300. Related Cost: $ 8,330 Tax Funds Recurring Recommend - Yes Total Cost: $ 8,330 Property Tax Impact: $ 0.0033 0.03% Activity: Economic Development 11 of 13 This funding request provides an additional $20,000 for Community Foundation of Greater Dubuque Project HOPE. Project HOPE engages community partners with the intent to assess and address community needs (brain health, post -secondary education, economic opportunity, and childcare). This organization's work meets the goals of having a Robust Economy: Diverse Businesses an Jobs with Economic Prosperity. The City currently funds $75,000. Recommendation is $10,000. Related Cost: $ 10,000 Tax Funds Recurring Recommend - Yes Total Cost: $ 10,000 Property Tax Impact: $ 0.0039 0.04% Activity: Economic Development 12of13 This funding request provides an additional $5,000 for Dubuque Area Labor Management Council. Dubuque Area Labor Management Council provides services related to the maintenance and expansion of a cooperative labor-management resource center, the maintenance of a speakers bureau, publication of a bimonthly newsletter, expansion of educational incentives and outreach, expansion of existing membership, and facilitation of a cooperative effort between labor and management in the City of Dubuque. This organization's work meets the goals of having a Robust Economy: Diverse Businesses an Jobs with Economic Prosperity. The City currently funds $30,000. Related Cost: $ 5,000 Tax Funds Non -Recurring Recommend - Yes Total Cost: $ 5,000 Property Tax Impact: $ 0.002 0.02% Activity: Economic Development 13 of 13 This funding request provides $20,000 support for the Dubuque Winter Farmers Market. The Winter Farmer's Market has operated for 11 years and complements the summer Farmer's Market (managed by Dubuque Main Street) to provide continuous year-round market opportunity for our residents. The Winter Farmer's Market supports the City Council's goal of Partnership for a Better Dubuque: Building our Community that is Viable, Livable, and Equitable. This funding would be provided through the Winter Farmer's Market's fiscal agent, Four Mounds. Recommendation is $15,000. -78- Related Cost: $ 15,000 Tax Funds Recurring Recommend - Yes Total Cost: $ 15,000 Property Tax Impact: $ 0.0059 0.06% Activity: Economic Development Significant Line Items Employee Expense 1. FY 2023 employee expense reflects a 3.25% wage package increase. 2. The Iowa Public Employee Retirement System (IPERS) City contribution of 9.44% is unchanged from FY 2022 The employee contribution of 6.29% is unchanged from FY 2022. 3. The City portion of health insurance expense increased from $1,086 in FY 2022 to $1,119 in FY 2023 per month per contract which results in an annual cost increase of $1,173 or 3.04%. Supplies and Services 4. Payments to Other Agencies provide for TIF backed economic development grants. Rebate payments count against the City's statutory debt limit unless there is a non -appropriation clause approved in the development agreement and in that case only the current annual payment counts against the City's statutory debt limit. The City began using non -appropriation clauses in development agreements beginning in January 2013. -79- The grant estimates totaling $1,283,839 in FY 2023 in the Greater Downtown TIF district are to: Greater Downtown TIF Rebate Payments 253 Main St. Roshek Building Flexsteel Rousselot, Inc. Hotel Julien Barker Financial 44 Main Franklin Investment Nottingham Properties Caradco (Schmid Innovation Center) Bonson Block Plastic Center Linseed Oil Paintworks Steeple Square Novelty Iron Works Spahn and Rose Metx Steeple Square Event Center Marquette Hall, LLC Three Amigos , LLC 210 Jones, LLC Dimensional Brewing Prairie Farms Dairy, Inc. 3,060 Last payment FY 2027 282,232 Last payment FY 2030 187,934 Last payment FY 2024 14,548 Last payment FY 2025 213,060 Last Payment FY 2026 14,421 Last payment FY 2027 23,688 Last payment FY 2027 29,378 Last payment FY 2028 144 Last payment FY 2028 110,510 Last payment FY 2028 8,008 Last payment FY 2028 8,715 Last payment FY 2028 17,197 Last payment FY 2030 — Last payment FY 2030 160,536 Last payment FY 2031 101,310 Last payment FY 2027 77,955 Last payment FY 2031 — Last payment FY 2031 8,526 Last payment FY 2031 2,561 Last payment FY 2031 8,498 Last payment FY 2031 8,782 Last Payment FY 2023 2,776 Last payment FY 2031 Total $1,283,839 The grant estimates totaling $1,784,179 in FY 2023 in the Dubuque Industrial Center West TIF district are to: Dubuque Industrial Center TIF Rebate Payments Medline $ 316,615 Last payment FY 2031 Simmons Pet Food $ 194,019 Last payment FY 2030 Duluth Trading $ 259,040 Last payment FY 2035 Green Industrial Supply $ 168,714 Last payment FY 2023 Tri-State Quality Metals $ 59,673 Last payment FY 2026 Hormel Foods $ 634,006 Last payment FY 2026 Roasting Solutions $ 58,092 Last payment FY 2028 Rite Hite $ 94,020 Last payment FY 2029 Total $1,784,179 :e The grant estimates in FY 2023 in the Lake Ridge TIF district are to: The Rose of Dubuque $25,844 (last payment in 2024). The grant estimates totaling $38,352 in FY 2023 in Tech Park TIF district are to: Technology Park TIF Rebate Payments Rockfarm Holdings $ 38,352 Last payment FY 2027 Total $ 38,352 The grant estimates in FY 2023 in the North Cascade Road Housing TIF district: $693,587 will be generated for public improvements and $426,909 for low and moderate - income projects (last payment in 2027). The grant estimates in FY 2023 in the English Ridge Housing TIF district are to: English Ridge LLC $73,909 (last payment in 2027). In addition, $295,635 will be generated for public improvements and $181,966 for low and moderate -income projects. The grant estimates in FY 2023 in the South Pointe Housing TIF district are to: Dubuque South Pointe LLC $31,373 (last payment in 2030). In addition, $70,243 will be generated for public improvements and $43,235 for low and moderate -income projects. The grant estimates in FY 2023 in the Rustic Point Housing TIF district are to: Derby Grange LLC $2,681 (last payment in 2030). In addition, $10,723 will be generated for public improvements and $6,600 for low and moderate -income projects. 5. Travel City Business is unchanged from $34,635 in FY 2022 to $34,635 in FY 2023. This line item represents the budget for federal initiatives ($24,000); Diversity Summit sponsorship ($5,000); Diversity Summit registration for leadership team ($5,000); Growing Sustainable Communities Conference ($435), and Arts and Cultural Affairs ($200). 6. Programming increased from $37,500 in FY 2022 to $38,719 in FY 2023. This line item represents Art on the River. Art on the River has been a mainstay of the community for over 10 years. It remains one of the only public art endeavors that that city has initiated and is publicly accessible. It provides exhibition opportunities for local and regional artists and has become a popular/competitive exhibition space. It has been a model upon which other cities have built their public art programs and attracts at least 10,000 of visitors to the Mississippi River Walk annually and remains a well -loved recreational space for residents as well. It has also been repeatedly featured in every local publication and on the Travel Dubuque promotional materials. 7. Contracted Services increased from $1,670,006 in FY 2022 to $2,061,484 in FY 2023. The increase is due to Hotel/Motel Tax increasing to pre -pandemic levels, of which 50% is paid to Travel Dubuque. In addition, increases are recommended in FY23 for Dubuque Area Labor Management Council (+$5,000), Fountain of Youth (+$5,000), Dubuque Dream Center (+ $5,000), Dubuque Main Street (+$8,330), Greater Dubuque Development Corporation (+ $60,887), and Project HOPE (+$10,000), and a new agreement is recommended with Dubuque Winter Farmers Market (+$15,000). The following service agreements are budgeted in Economic Development in FY 2023: -81- Contracted Services Agency FY 2022 FY 2023 Change % Travel Dubuque $ 1,168,300 $ 1,170,134 $ 1,834 - % Dubuque Area Labor Management Council $ 30,000 $ 35,000 $ 5,000 17 % Dubuque Main Street $ 83,300 $ 91,630 $ 8,330 10 % Dubuque Winter Farmers Market $ - $ 15,000 $ 15,000 - % Fountain of Youth $ 50,000 $ 60,000 $ 10,000 20 % Dubuque Dream Center $ 50,000 $ 60,000 $ 10,000 20 % Greater Dubuque Development Corporation $ 395,613 $ 456,500 $ 60,887 15 % Prosperity Eastern Iowa $ 5,085 $ 5,085 $ - - % Access Dubuque $ 8,135 $ 8,135 $ - - % Inclusive Dubuque $ 75,000 $ 75,000 $ - - % Project Hope $ 75,000 $ 85,000 $ 10,000 13 % Total $ 1,940,433 $ 2,061,484 $ 121,051 5.87 % These contracted services for Economic Development are expenses that the City would have within its organization regardless of who provides the services. Debt Service 8. The FY 2023 annual debt service includes ($2,937,052): Final Call Amount Debt Series Source Purpose Payment Date $ 36,050 G.O. 2016B DICW Synergy Ct/N. Siegert 2023 2023 $ 30,900 G.O. 2016B GDTIF Kephart's Building 2023 2023 $ 34,913 G.O. 2011 B DICW S. Siegert 2026 2018 $ 129,300 G.O. 2017A DICW N. Siegert 2029 2025 $ 201,255 G.O. 2017A GDTIF Housing Incentives 2030 2025 $ 196,700 G.O. 2017A GDTIF Millwork Parking 2030 2025 $ 300,844 IFA loan GDTIF Caradco 2030 $ 347,682 G.O. 2021A GDTIF 1-Way to 2-Way (9th & 11th St) 2034 2028 $ 470,500 G.O.2021A GDTIF Intermodal 2034 2028 $ 129,902 G.O. 2021A GDTIF Bus Storage/Bluff Restrooms 2034 2028 $ 252,885 G.O. 2021 B DICW S. Siegert 2031 2028 $ 50,172 G.O. 2021B GDTIF Washington Neighborhood 2031 2028 $ 31,788 G.O. 2019C DICW S. Siegert 2032 2026 $ 9,898 G.O. 2021A DICW Land Acquisition 2034 2028 $ 101,400 G.O. 2021 B DICW Land Acquisition 2031 2028 $ 12,900 G.O. 2021 B GDTIF DT Loan Pool 2031 2028 $ 115,300 G.O. 2019A GDTIF Colts Building Renovation 2039 2026 $ 50,000 Lease Buyout GDTIF Bowling & Beyond 2032 G.O. Series $ 10,700 2021A GDTIF Jackson Park & Clock Tower 2034 2028 G.O. Series $ 25,800 2021 B GDTIF DT Parking Ramp & Docks 2031 2028 -82- Final Call Amount Debt Series Source Purpose Payment Date $ 47,790 FY23 Planned GDTIF Downtown Parking Ramp 2041 $ 1,169 FY23 Planned GDTIF Smart Parking 2041 $ 80,300 2021A DICW Chavenelle Road 2034 2028 $ 203,563 G.O. 2022 GDTIF Downtown Parking Ramp 2042 $ 65,341 G.O. 2022 GDTIF Docks/Prop Acq 2042 $ 2,937,052 Total Economic Development Annual Debt Service In addition, Greater Downtown TIF will transfer to the Debt Service fund as reflected in other departmental budgets ($2,779,400) to pay a portion of the Library Renovation debt ($206,000); Port of Dubuque Parking Ramp ($2,012,000); and the Intermodal Facility ($281,400). The Port of Dubuque Parking Ramp debt is reimbursed by the Diamond Jo through a minimum assessment agreement and an annual shortfall payment. Revenue 9. The payment from Dubuque Initiatives for processing of payments has unchanged from $29,094 in FY 2022 to $29,094 in FY 2023. 10. Farmland Rent increased from $41,828 in FY 2022 to $58,786 in FY 2023 based on lease agreements. This line item represents rent of farmland in Dubuque Industrial Center West that remains acquired but not yet developed. -83- THE CITF DUjB- E Masterpiece on the Mississippi CRENNA M. BRUMWELL, ESQ. CITY ATTORNEY TO: JENNY LARSON, DIRECTOR OF BUDGET & FINANCE DATE: JANUARY 28, 2022 RE: COMMUNITY FOUNDATION OF GREATER DUBUQUE PROJECT HOPE BUDGET INCREASE RECOMMENDATION Dubuque IUFAonaO¢ 2007-2012-2013 2017+2019 Their current funding level is $75,000. They are requesting a $20,000 increase in their FY23 reques Project HOPE (Helping our People Excel) is an initiative led by the Community Foundation that brings together key stakeholders in a collaborative process to address systemic issues facing individuals living in poverty within the City of Dubuque and the greater community. The goal of Project HOPE is to increase access to economic opportunity for all community members by addressing barriers around- • education, • employment, • brain health, and • other factors that are critical for individuals and families to thrive in Dubuque. The work is done through a collective impact framework, convening the Project HOPE Stakeholder Group on a monthly basis in order to drive strategic thinking around collaborative solutions. The Stakeholder Group is run in close partnership with the City's Office of Shared Prosperity and is aimed at carrying out key elements of the City's Equitable Poverty Prevention Plan (EPPP). Project HOPE includes several specific programs aimed at addressing barriers to economic success, including: • Partnering with the City of Dubuque's Office of Shared Prosperity and the Neighborhood Support Group to help lead the effort to create a thriving community through promoting equity and eliminating barriers for the city's most vulnerable communities. OFFICE OF THE CITY AT-ORNEY DUBUQUE, I DWA SUITE 330, HARBOR VIEW PLACE, 300 MAIN STREET DUBUQUE, IA 52001-6944 TELEPHONE (%3) 589-43131 1 FAx (563) 583-10401 EMAIL cbrumwel@cityofdubuque.arg -84- • Leading two Brain Health Stakeholder Working Groups to help identify gaps in brain health service and solutions that can be collectively enacted in our region_ • Creating a Brain HealthiSubstance Use Resource Card to be distributed in our community_ • Helping create a Law Enforcement Liaison Program in Dubuque County to assist our law enforcem ant when deescalating a brain health issue. • Expanding college access — especially for low-income, minority, and first - generation students —through our Dubuque College Access Network (DCAN)_ • Expanding the Disaster Recovery Fund for the Covid-19 pandemic in order to assist local nonprofits with reducing the economic and health impacts of the disease on vulnerable populations and continuing to engage long term needs that may emerge. • Providing free, volunteer income tax assistance and Earned Income Tax Credit assistance through the VITA program_ • Expanding our local Jail Diversion program by utilizing additional community partners to help vulnerable individuals in our jaiI system. • Convening the Partnership Empowerment Network (PEN) of professionals working with youth or young adults on education, career, or self-sufficiency goals_ • Convening the local Community Organizations Active in Disaster (GOAD) group to help storm victims and their families with funds to meet their needs. In 2022, Project Hope will be launching two initiatives playing a central role in carrying out the goals of Project HOPE and the City of Dubuque's Equitable Poverty Prevention Plan- 1 _ The f rst i s to work with the Office of Share Prosperity to create an Equity Index, a data measurement framework that helps quantify how equitably different groups and populations are able to thrive in Dubuque. 2. The second is to develop data sharing and analysis tools around a Youth Employment Coalition, helping the City and key local partners measure and track the ability of youth from underserved and diverse communities to achieve family sustaining careers_ Both of these initiatives will impact the City's efforts related to economic development, workforce and affordable housing, population growth_ As these initiatives are new, they are not currently accounted for in the existing funding provided to Project HOPE_ Project HOPE currently receives $75,000 for its existing work_ Project Hope is seeking an additional $20,000 in funding to account for the data gathering and analysis which will be specifically benefit the City of Dubuque, city residents, and all workers and visitors to the city_ -85- The data generated by funding these initiatives will also allow for further tracking of the City's progress toward the goals set by the City Council. I recommend the additional $20,000 in funding be provided to Project HOPE_ cc: Michael C. Van MiIligen, City Manager Jill Connors, Economic Development Director M. ECONOMIC DEVELOPMENT Economic Development formulates and implements strategies which retain and create jobs, enhance the tax base, stabilize the local economic base and encourage economic self-sufficiency, working primarily in the areas of downtown, Historic Millwork District, and riverfront and industrial park development — thus improving the community's overall quality of life. Economic Development Arts & Cultura Affa i r SUCCESS IS ABOUT PLANNING, PARTNERSHIPS AND PEOPLE LEADING TO OUTCOMES PEOPLE We work to attract and retain an appropriate mix of businesses for the purpose of increasing employment opportunities, <* attracting skilled workers and to provide the town with a stable economy. We focus efforts on creating healthy, diverse neighborhoods in the community. INCLUSIVE INCLUSIVE. INCLUSIVE. dubuque PLANNING We facilitate projects related to the preparation and administration of City plans and work with businesses and consultants to plan and develop areas such as the Historic Millwork District, the Downtown, the Port of Dubuque, Urban Renewal Districts and the Industrial and Technology parks to generate income and employment opportunities along with a strong tax base. IJ_l:i1111kil=1:�-]:ll�I We support partnerships among business, communities and nonprofit organizations that strengthen the economic health and quality of life for the city of Dubuque. We promote economic development assistance to area businesses in cooperation with federal, state and local agencies. -87- ECONOMIC DEVELOPMENT FY 2021 FY 2022 FY 2023 Full-Time Equivalent 3.75 3.75 3.75 Resources and Property Tax Support 14,000,000 13,000,000 12,000,000 11, 000, 000 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 TIF Charges DICW Land Hotel/Motel Tax Property Tax Farmland Rent Miscellaneous Sales Support FY 2021 FY 2022 FY 2023 The Economic Development Department is supported by 3.75 full-time equivalent employees. Expenditures by Category by Fiscal Year $342, 918 Employee Expense $381,798 $413, 913 Supplies and Services TIF Rebates $859 Machinery and Equipment $1,050 $2,800 Administrative Recharge $— $2,308,701 2 131 393 $2,562,656 $2,563,926 132 $3,342,099 Debt Service $3,027,204 $2,937,052 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 FY 2021 FY 2022 0 FY 2023 -88- ECONOMIC DEVELOPMENT Wministratior Mission & Services Economic Development provides tools for developers to contribute to the redevelopment of Dubuque's downtown through building improvements. We also have incentive programs to facilitate the attraction and expansion of businesses within the city. These efforts contribute to a Robust Local Economy and a Vibrant Community - an Equitable Community of Choice. Administration Funding Summary FY 2021 Actual FY 2022 Budget FY 2023 Requested Expenditures 22,833,770 8,040,572 8,803,028 Resources 22,000,921 7,233,069 7,901,286 Administration Position Summary FY 2023 Economic Development Director 1.00 Assistant Economic Development Director 1.00 Confidential Account Clerk 0.50 Intern 0.25 Total FT Equivalent Employees j 2.75 Performance Measures Ci Pr 2 3 Performance Measure (KPI) Target FY20 Actual FY21 Actual FY 2022 I Estimated 1 Performance Indicator Goal:ty Council -..Jobs with Economic= osperity Department Objective: Expand equitable job opportunities # New Jobs Committed through Incentives 80 62 281 50 # of minority -owned businesses registered as 10 1 6 3 DO Small Business with State of Iowa # of Businesses Applying for High Quality 6 3 1 1 DO Program # of Participants graduating from Workforce 100 79 I 79 0 DO Development Programming Department Objective: Attract and retain residents by offering attractive and interesting housing options. # of Projects Assisted with Rehab Grants 10 7 7 8 # of Housing units created 50 224 123 30 Department Objective: Increase revenue by expanding the economic tax base, leveraging private investment, and increasing property values. Private Sector Investments as a result of City $38 M $28 M $93 M $25 M agreements Increase in overall property values in TIF $365 M $353 M $406 M $400 M districts :• ECONOMIC DEVELOPMENT Arts & Cultural Affairs Mission & Services The Office of Arts & Cultural Affairs, with support from the Arts and Cultural Affairs Advisory Commission, plays an essential role in cultivating a vibrant and equitable community of choice by dedicating time and securing resources to foster diverse, accessible, and inclusive creative and cultural programming throughout the community. We harness the power of creativity and culture in partnership and collaboration with nonprofits, businesses, and individuals to improve the quality of life for all residents of Dubuque, attract and retain a talented workforce, and create opportunities that lift up diverse voices and stories. Specifically, the Office of Arts & Cultural Affairs manages the annual Art on the River public art program, administers City grant programs to support arts, culture, and humanities - focused community engagement, and oversees the implementation of Dubuque's 2016 Arts and Culture Kk:mfnr Plan Arts & Cultural Affairs Funding Summary FY 2021 Actual FY 2022 Budget FY 2023 Requested Expenditures $ 347,730 $ 433,005 $ 455,492 Resources $ 43,500 $ 3,600 $ 3,600 Arts and Cultural Affairs Position Summary FY 2023 Arts & Cultural Affairs Coordinator 1.00 Total FT Equivalent Employees 1.00 Performance Measures City Council Goal: Diverse Arts, Culture, Parks & Recreation Performance Measure (KPI) Target FY20 FY21 FY 2022 Performance Actual Actual Estimated Indicator 1 Activity Objective: Cultivate equitable access to arts and cultural experiences that prioritize representation and engaaement of diverse audiences. Level of funding need met, # successful applicants % of grantee locations or primary service delivery within CDBG target area 90%, 30 70.6%, 25 72.8%, 27 74%, 36 I 00 >51% 60% 1 I= 2 Activity Objective: Expand income -generating opportunities in the arts, culture, and creative sector. % of increase from prior year in employment 10% - - 8% �� opportunities supported by arts grantees # of unique applicant responses to City- 150, 30 66, 13 88, 5 120, 25 Cy� issued call for art, # contracts granted City Council Goal: Partnership for a Better Dubu 1 Activity Objective: Leverage public resources to increase private and other investment in fostering arts and cultural activities and programs. Private, other pledged matching funds $35,000 $148,594 $76,954 $50,868 I �� City arts grantee projects (cash / in -kind) M This page intentionally left blank. -91- Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT FY20 Actual FY21 Actual FY22 Adopted FY23 Recomm'd Fund Account Account Title Revenue Revenue Budget Budget 210 41205 TAX INCREMENT RECEIPTS 2,050,250 2,171,933 2,449,822 2,808,060 215 41205 TAX INCREMENT RECEIPTS 964,385 1,124,928 357,119 1,171,925 216 41205 TAX INCREMENT RECEIPTS 393,227 473,231 522,248 583,574 217 41205 TAX INCREMENT RECEIPTS 28,346 114,534 206,125 230,932 218 41205 TAX INCREMENT RECEIPTS 5,050 19,105 47,219 101,212 225 41205 TAX INCREMENT RECEIPTS 40,744 42,292 45,379 43,368 231 41205 TAX INCREMENT RECEIPTS 23,017 16,952 25,889 0 240 41205 TAX INCREMENT RECEIPTS 6,454,545 7,919,129 8,012,414 8,026,152 IL TAXES 9,959,562 11,882,1 12,965,2231 100 42170 MISC-LICENSES 0 60 0 60 F_ LICENSES AND PERMIT 241 43105 INTEREST, LOANS 35,812 36,885 35,812 36,885 400 43105 INTEREST, LOANS 0 98,708 92,918 98,708 210 43110 INVESTMENT EARNINGS 75,325 35,359 50,000 35,359 215 43110 INVESTMENT EARNINGS 11,929 3,662 5,000 3,662 216 43110 INVESTMENT EARNINGS 9,753 3,890 5,000 3,890 225 43110 INVESTMENT EARNINGS 1,377 590 1,377 590 231 43110 INVESTMENT EARNINGS 477 218 477 218 240 43110 INVESTMENT EARNINGS 174,550 135,779 130,000 135,779 241 43110 INVESTMENT EARNINGS 42,642 17,356 42,642 17,356 243 43110 INVESTMENT EARNINGS 0 0 0 0 100 43242 RENT, FARM LAND 61,492 58,786 41,828 58,786 241 43405 PRINCIPAL, LOANS 480,895 295,276 260,895 295,276 400 43405 PRINCIPAL, LOANS 0 119,314 207,926 119,314 43 USE OF MONEY AND PROPERTY - To 894,252 805,822 873,875 805,823 210 45787 1 & C PROPERTY TAX REPLAC 183,009 180,092 180,092 168,924 217 45787 I & C PROPERTY TAX REPLAC 0 655 1,184 107 225 45787 I & C PROPERTY TAX REPLAC 3,950 3,848 3,848 3,477 240 45787 I & C PROPERTY TAX REPLAC 224,421 212,611 212,610 178,496 ■ STATE G 397,205 ' 397,734 351,004 100 51919 DBQ INITIATIVES PAYMENT 22,440 26,624 29,094 29,094 100 51965 EVENTS REVENUE 2,203 0 3,600 3,600 51 CHARGES FOR SERVICES - Total 32,694 100 53102 PRIVATE PARTICIPANT 0 43,500 0 0 240 53102 PRIVATE PARTICIPANT 175,675 393,052 175,675 175,675 100 53201 REFUNDS 4,575 0 0 0 100 53620 REIMBURSEMENTS -GENERAL 740 0 0 0 210 53620 REIMBURSEMENTS -GENERAL 4,805 500 4,805 0 53 MISCELLANEOUS 437,052 180,480 175,675 100 54105 LAND SALES 0 1,000 0 0 210 54105 LAND SALES 609,240 794,143 0 0 400 54210 GO BOND PROCEEDS 302,558 14,371,543 0 0 400 54220 BOND DISCOUNT 13,704 576,939 0 0 54 OTHER FINANCING SOURCES - Total = 925,502 15,743,6� 0 0 -92- Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT I FY20 Actual FY21 Actual FY22 Adopted FY23 Recomm'd Fund Account Account Title Revenue Revenue Budget Budget 400 59100 FR GENERAL 135,000 0 0 0 100 59210 FR DICW TIF 282,083 278,740 282,338 336,621 400 59210 FR DICW TIF 1,244,557 1,253,494 721,525 676,534 905 59210 FR DICW TIF 317,686 0 0 0 100 59240 FR DOWNTOWN TIF 17,073 5,856 26,200 27,500 400 59240 FR DOWNTOWN TIF 1,693,995 1,671,351 2,004,835 2,260,518 22440 5Y 59243 TSF FROM DBQ BREW & MALT 0 TRANSFER IN AND INTERNAL 3,690,394 ECONOMIC DEVELOPMENT - Total 16,091,527 0 0 0 3,209,442 3,034,898 3,301,1739 32,501,933 16,185,896 17,631,652 -93- Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT FY19 Actual FY20 Actual FY21 Adopted FY 22 Recomm'd Fund Account Account Title Expense Expense Budget Budget 100 61010 FULL-TIME EMPLOYEES 209,979 241,604 262,384 285,658 100 61020 PART-TIME EMPLOYEES 19,834 20,240 22,321 25,228 100 61030 SEASONAL EMPLOYEES 1,761 - 6,963 7,188 100 61050 OVERTIME PAY 290 - 100 61310 IPERS 21,701 24,718 27,533 30,028 100 61320 SOCIAL SECURITY 17,577 19,196 22,313 24,333 100 61410 HEALTH INSURANCE 33,673 36,104 39,096 40,269 100 61415 WORKMENS' COMPENSATION 868 853 719 1,071 100 61416 LIFE INSURANCE 179 202 201 138 100 61660 EMPLOYEE PHYSICALS 267 - 268 - 100 61680 EMPLOYEE MOVING EXPENSE 9,417 61 - WAGES AND BENEFITS 315,546 342,918 381,798 413,913 100 62010 OFFICE SUPPLIES 1,044 862 1,043 1,043 100 62030 POSTAGE AND SHIPPING 227 48 232 395 100 62061 DP EQUIP. MAINT CONTRACTS 19,053 22,024 22,024 21,812 100 62090 PRINTING & BINDING 1,492 436 1,522 1,522 100 62110 COPYING/REPRODUCTION 983 34 904 904 100 62130 LEGAL NOTICES & ADS 4,070 1,110 3,331 2,131 100 62140 PROMOTION 748 640 500 500 100 62170 SUBSCRIPTIONS -BOOKS -MAPS 27 50 - 50 100 62190 DUES & MEMBERSHIPS 1,422 200 1,450 1,445 100 62206 PROPERTY INSURANCE 8,560 11,596 10,545 15,379 100 62208 GENERAL LIABILITY INSURAN 1,479 1,445 1,531 2,023 100 62230 COURT COSTS & RECORD FEES 959 1,307 1,059 955 100 62310 TRAVEL -CONFERENCES 8,645 859 21,680 21,680 100 62320 TRAVEL -CITY BUSINESS 11,920 16 34,635 34,635 100 62340 MILEAGE/LOCAL TRANSP 860 31 802 802 100 62360 EDUCATION & TRAINING 4,535 - 2,555 2,555 100 62415 UTILITY EXPENSE STORMWATR 58 111 62 121 100 62421 TELEPHONE 1,933 2,521 1,933 2,046 100 62431 PROPERTY MAINTENANCE - 18 - - 100 62436 RENTAL OF SPACE 1,005 1,332 1,028 1,080 100 62645 SPECIAL EVENTS 83 450 3,600 3,600 100 62663 SOFTWARE LICENSE EXP 597 942 597 1,106 100 62667 DATA SERVICES 245 524 463 681 100 62669 PROGRAMMING 16,325 6,000 37,500 38,719 100 62710 CONTRACTOR SERVICES 338 - 338 338 100 62712 CONSULTING ENGINEERS 10,008 4,711 10,008 10,000 100 62713 LEGAL SERVICES 17,730 5,893 10,000 10,000 400 62713 LEGAL SERVICES 671 100 62716 CONSULTANT SERVICES 1,700 2,479 3,300 26,600 400 62721 FINANCIAL CONSULTANT - 29,854 - - 100 62731 MISCELLANEOUS SERVICES 89 - 90 - 400 62731 MISCELLANEOUS SERVICES 1,844 52,328 100 62736 CATERING SERVICES 1,931 - 1,900 1,900 -94- Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT FY19 Actual FY20 Actual FY21 Adopted FY 22 Recomm'd Fund Account Account Title Expense Expense Budget Budget 100 62737 CONTRACT ADM SERVICE 1,825,206 1,908,015 1,670,006 2,061,484 100 62756 EMPLOYEE RECOGNITION 432 - 1,500 1,500 100 62761 PAY TO OTHER AGENCY 31,136 13,295 35,000 45,650 210 62761 PAY TO OTHER AGENCY 1,069,545 1,176,013 1,332,882 1,885,522 215 62761 PAY TO OTHER AGENCY 31,006 216 62761 PAY TO OTHER AGENCY 129,687 13,043 73,909 73,909 217 62761 PAY TO OTHER AGENCY - 22,111 17,561 31,373 218 62761 PAY TO OTHER AGENCY 2,681 2,681 225 62761 PAY TO OTHER AGENCY 97,650 39,810 41,252 39,166 231 62761 PAY TO OTHER AGENCY 17,132 19,360 18,702 19,360 240 62761 PAY TO OTHER AGENCY 1,109,434 1,293,590 1,445,145 1,290,088 100 62765 GRANTS 209,794 239,571 250,000 250,000 100 62781 LAWN CARE SERVICES - - 255 - 62 - SUPPLIES AND SERVICES 4,641,601 4,872,627 5,063,525 5,904,755 400 62724 BOND PAYING AGENT FEE 144 1,579 627 - CONTRACTUAL SERVICES 144 1,579 - - 100 71120 PERIPHERALS, COMPUTER 902 704 100 71124 COMPUTER - 155 - 2,800 100 71211 DESKS/CHAIRS 5,010 100 71227 SIGNAGE 810 100 72418 TELEPHONE RELATED 283 - 1,050 - 71 - EQUIPMENT 7,004 859 1,050 2,800 100 73110 LAND ACQUISITION 545 100 73211 CONST.CONTR-NOT BLDG 540 73 - CIP EXPENDITURES 1,085 - - - 400 74111 PRINCIPAL PAYMENT 2,495,568 17,129,252 2,109,720 2,136,092 400 74112 INTEREST PAYMENT 891,587 835,844 917,484 800,960 74 - DEBT SERVICE 3,387,155 17,965,096 3,027,204 2,937,052 210 91100 TO GENERAL 282,083 278,740 282,338 366,621 215 91100 TO GENERAL - 10,969 96,139 101,189 240 91100 TO GENERAL 151,777 140,560 160,904 162,204 243 91240 TO GR DOWNTOWN TIF 240 91241 TO DOWNTOWN LOAN POOL 100,000 200,000 240 91268 TO HOUSING TRUST 50,000 - 50,000 50,000 210 91360 TO GENERAL CONSTRUCTION 842,510 575,719 543,500 790,000 215 91360 TO GENERAL CONSTRUCTION 436,407 310,720 136,061 446,503 216 91360 TO GENERAL CONSTRUCTION 150,000 - 199,045 222,342 217 91360 TO GENERAL CONSTRUCTION 78,533 87,985 218 91360 TO GENERAL CONSTRUCTION 17,990 38,562 240 91360 TO GENERAL CONSTRUCTION 841,963 149,932 2,402,369 2,039,504 210 91400 TO DEBT SERVICE 1,244,557 1,253,494 721,525 676,534 240 91400 TO DEBT SERVICE 4,540,376 4,505,095 4,525,122 4,759,918 240 91630 TO PARKING OPERATIONS 414,246 915,788 280,000 280,000 240 91730 TO PARKING CONSTRUCTION - 1,046,607 - - 215 91740 TO WATER CONSTRUCTION 748,537 704,394 216 91740 TO WATER CONSTRUCTION 180,961 242,708 - 291,213 217 91740 TO WATER CONSTRUCTION 13,093 72,042 - 94,120 -95- Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT FY19 Actual FY20 Actual FY21 Adopted FY 22 Recomm'd Fund Account Account Title Expense Expense Budget Budget 218 91740 TO WATER CONSTRUCTION 44,977 210 91905 TSF TO FLEXSTEEL ESCROW 317,686 91- TRANSFER TO 10,314,197 10,206,769 9,493,526 10,621,672 60 - ECONOMIC DEVELOPMENT TOTAL 18,666,732 33,389,848 17,967,103 19,8809192 •n. Recommended Expenditure Budget Report by Activity & Funding Source 60 - ECONOMIC DEVELOPMENT COMMJECON. DEV. ADMIN - 60100 FUNDING SOURCE: GENERAL Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES 21 FUNDING SOURCE: GENERAL Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES 5,856 1,200 2,500 FUNDING SOURCE: TIF-METRIX/NORDSTROM Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES 1,176,013 1,332,882 1,885,522 TRANSFER TO 2,107,953 1,547,363 1,803,155 -DBQ INDUST CTR WEST 3,283,967 2,8809245 39688,677 N CASCADE HOUSING TIF - 60215 in FUNDING SOURCE: N CASCADE HOUSING TIF Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES — — — TRANSFER TO 1,026,083 232,200 547,692 N CASCADE HOUSING TIF 1,026,083 232,200 547,692 ENGLISH RIDGE HOUSING TIF- 60216 Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES 13,043 73,909 73,909 TRANSFER TO 242,708 199,045 513,555 rENGL.SH RIDGE HOUSING TIF 255,751 272,954 5879464 i S POINT HOUSING TIF - 60217 FUNDING SOURCE: SOUTH POINTE TIF Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES 22,111 17,561 31,373 TRANSFER TO 72,042 78,533 182,105 -97- Recommended Expenditure Budget Report by Activity & Funding Source 60 - ECONOMIC DEVELOPMENT S POINT HOUSING TIT 94,153 96,094 RUSTIC POINT (DERBY) - 60218 AL FUNDING SOURCE: RUSTIC POINT (DERBY) Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES — 2,681 2,681 TRANSFER TO — 17,990 83,539 FUNDING SOURCE: TIF-TECH PARK SOUTH Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES 39,810 41,252 39,166 FUNDING SOURCE: TIF - LAKE RIDGE Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES 19,360 18,702 19,360 ��UKE RIDGE TIF 19,360 19,360 TIF -GREATER DOWNTOWN - 60240 FUNDING SOURCE: TIF-DOWNTOWN Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES 1,293,590 1,445,145 1,290,088 TRANSFER TO 6,757,983 7,418,395 7,491,626 IW IF WEEPENIMM w TIF -GREATER DOWNTOWN 8,051,573 8,863,540 8,781,714 ECONOMIC DEVELOPMENT - 60400 ' FUNDING SOURCE: DEBT SERVICE Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget DEBT SERVICE 199,935 300,844 300,844 ECONOMIC DEVELOPMENT 199,935 iUU,544 300,844 DICW ECON DEV EXPENSES - 60600 FUNDING SOURCE: GENERAL Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget SUPPLIES AND SERVICES 8,127 11,725 12,121 CDICW ECON DEV EXPENSES 11,725 L". Recommended Expenditure Budget Report by Activity & Funding Source 60 - ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT FUNDING SOURCE: GENERAL Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget EQUIPMENT 155 700 — SUPPLIES AND SERVICES 1,949,566 1,777,184 2,194,297 WAGES AND BENEFITS 258,841 290,427 314,959 ECONOMIC DEVELOPMENT 2,208,562 2,068,311 2,509, GDTIF DEBT SERVICE - 60910 FUNDING SOURCE: DEBT SERVICE Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget CONTRACTUAL SERVICES 193 DEBT SERVICE 12,662,752 2,004,835 1,959,674 SUPPLIES AND SERVICES 58,679 GDTIF DEBT SERVICE 12,721,624 2,004,835 1,959,674 DICW DEBT SERVICE - 60930 FUNDING SOURCE: DEBT SERVICE Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget CONTRACTUAL SERVICES 1,386 DEBT SERVICE 5,102,409 721,525 676,534 SUPPLIES AND SERVICES 23,503 DICW DEBT SERVICE 5,127,298 721,525 =676,534 ARTS AND CULTURAL AFFAIRS- 72500 FUNDING SOURCE: GENERAL Account FY21 Actual Expense FY22 Adopted Budget FY23 Recomm'd Budget EQUIPMENT 704 350 2,800 SUPPLIES AND SERVICES 262,948 341,284 353,738 WAGES AND BENEFITS 84,077 91,371 98,954 ARTS AND CULTURAL AFFAIRS 347,730 433,005 455,492 ECONOMIC DEVELOPMENT TOTAL $33,389,848 $17,967,103 $19,880,192 e CITY OF DUBUQUE, IOWA DEPARTMENT DETAIL - PERSONNEL COMPLEMENT 60 ECONOMIC DEVEL DEPT FD JC WP-GR JOB CLASS 61010 Full Time Employee Expense 100 5900 GE-43 ECONOMIC DEVELOP DIRECTOR ASST ECONOMIC DEVELOP 100 5900 GE-36 DIRECTOR 100 1210 GE-30 ARTS & CULTURALAFFAIRS COORD ECONOMIC DEVELOP 100 GE-30 COORDINATOR TOTAL FULL TIME EMPLOYEES 61020 Part Time Employee Expense 100 225 GE-25 ACCOUNT CLERK CONFIDENT TOTAL PART TIME EMPLOYEES 61030 Seasonal Employee Expense 100 225 NA-38 ECONOMIC DEVELOP INTERN TOTAL SEASONAL EMPLOYEES TOTAL ECONOMIC DEVEL DEPT FY 2021 FY 2022 FY 2023 FTE BUDGET FTE BUDGET FTE BUDGET 1.00 $109,215 1.00 $ 118,222 1.00 $ 128,650 1.00 $ 72,394 1.00 $ 77,525 1.00 $ 84,388 1.00 $ 53,134 1.00 $ 66,637 1.00 $ 72,620 3.00 $ 234,743 3.00 $ 262,384 3.00 $ 285,658 0.50 $ 21,919 0.50 $ 22,321 0.50 $ 25,228 0.50 $ 21,919 0.50 $ 22,321 0.50 $ 25,228 0.25 $ 6,859 0.25 $ 6,963 0.25 $ 7,188 0.25 $ 6,859 0.25 $ 6,963 0.25 $ 7,188 3.75 $ 263,521 3.75 $ 291,668 3.75 $ 318,074 -100- CITY OF DUBUQUE, IOWA ACTIVITY PERSONNEL COMPLEMENT SUMMARY FY 2021 FY 2022 FY 2023 ACCT FD JC WP-GR POSITION CLASS FTE BUDGET FTE BUDGET FTE BUDGET Economic Development -FT General Fund 10060700 61010 100 5900 GE-43 ECONOMIC DEVELOP DIRECTOR ASST ECONOMIC DEVELOP 10060700 61010 100 GE-36 DIRECTOR Total Economic Development -PT General Fund 10060700 61020 100 225 GE-25 ACCOUNT CLERK CONFIDENT Total Economic Development -Seasonal General Fund 10060700 61030 100 NA-38 ECONOMIC DEVELOP INTERN Total Arts and Cultural Affairs - FT General Fund 10072500 61010 100 1210 GE-33 ARTS & CULTURAL AFFAIRS COORD Total TOTAL ECONOMIC DEV. DEPT 1.00 $ 109,215 1.00 $ 118,222 1.00 $128,650 1.00 $72,394 1.00 $ 77,525 1.00 $ 84,388 2.00 $ 181,609 2.00 $ 195,747 2.00 $213,038 0.50 $ 21,919 0.50 $ 22,321 0.50 $ 25,228 0.50 $ 21,919 0.50 $ 22,321 0.50 $ 25,228 0.25 $ 6,859 0.25 $ 6,963 0.25 $ 7,188 0.25 $ 6,859 0.25 $ 6,963 0.25 $ 7,188 1.00 $ 53,134 1.00 $ 66,637 1.00 $ 72,620 1.00 $ 53,134 1.00 $ 66,637 1.00 $ 72,620 3.75 $ 263,521 3.75 $ 291,668 3.75 $318,074 -101- Capital Improvement Projects by Department/Division ECONOMIC DEVELOPMENT CIP FY 20 Actual FY 21 Actual FY 22 Adopted FY 23 Recomm'd Number Capital Improvement Project Title Expense Expense Budget Budget 1001548 MAIN STREET BUILDING DEMO 82,868 1002818 EPA MULTIPURPOSE BRWNFLD 500 1002949 BUS NP ARTS ASSISTANCE 250,000 1022859 KERPER BLVD REVITE - - 50,000 - 2411033 LOAN POOL, DOWNTOWN TIF 300,000 600,000 2411942 DOWNTOWN REHAB GRANT PROG 150,313 65,664 175,000 200,000 2602636 MICROENTERPRISE ASSIST 10,500 31,620 - 50,000 2651246 JOB CREATION 2651796 AIRPORT REVENUE GUARANTEE 3502156 S PORT MASTER PLAN IMPLEM 215,000 3502680 ECON DEV SOFTWARE 3601056 DICW 333,017 29,815 3601842 WORKFORCE DEVELOPMENT 310,000 310,000 310,000 371,500 3602081 MILLWORK MASTER PLANNING 3602267 DOWNTOWN HOUSING INCENT 69,111 3602436 WASH NEIGH BUSINESS INCEN 57,500 (32,076) 105,000 - 3602437 FUTURE IND ACQUISITIONS 199,545 211,527 0 0 3602438 WASH NEIGH DT INCENT 80,889 257,100 440,000 300,000 3602561 CENTRAL STREETSCAPE PLAN 0 0 0 150,000 3602679 CENTRAL AVE COORIDOR INIT 16,616 10,000 50,000 50,000 3602725 DIC MCFADDEN SIGNS 0 0 0 3,318,000 3602924 DEVELOP MCFADDEN PROPERTY 0 0 233,500 0 3602950 CENTRAL AVE HSG FORG LN 0 0 0 150,000 7001853 ART IN PORT OF DUBUQUE 3,161 0 0 0 ECONOMIC DEVELOPMENT TOTAL " 1,614,021 1,483,651 5,054,500 -102- PRGRM/ DEPT PROJECT DESCRIPTION FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 TOTAL PAGE ECONOMIC DEVELOPMENT Community and Economic Development Greater Downtown URD Incentive & Rehab Programs $ 300,000 $ 300,000 $ 300,000 $ 300,000 $300,000 $ 1,500,000 363 Kerper Boulevard Revitalization $ - $ - $ - $ - $ 50,000 $ 50,000 364 Workforce Development $ 371,500 $ 371,500 $ 371,500 $ 371,500 $371,500 $ 1,857,500 365 Downtown Rehab Grant Program $ 200,000 $ 200,000 $ 200,000 $ 200,000 $200,000 $ 1,000,000 366 Minority -Owned Business Microloan Initiative $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 250,000 367 Central Avenue Streetscape Master Plan Implementation $ 150,000 $ 25,000 $ - $ - $ - $ 175,000 368 South Port Master Plan Implementation $ 215,000 $ - $ - $ - $ - $ 215,000 369 Development - Webber Property $3,318,000 $ - $ 395,000 $ - $228,803 $ 3,941,803 370 Green Space HMD $ - $ 100,000 $ 300,000 $ - $ - $ 400,000 371 Central Avenue Housing Forgivable Loan $ 150,000 $ 150,000 $ 150,000 $ 150,000 $150,000 $ 750,000 372 Low Income Small Business Grant $ 50,000 $ - $ - $ - $ - $ 50,000 373 Business, Non -Profit and Arts Groups Assistance Program $ 250,000 $ - $ - $ - $ - $ 250,000 374 TOTAL $5,054,500 $ 1,196,500 $1,766,500 $1,071,500 $1,350,30 $10,439,303 -103- -104- A :ills I AIM ECONOMIC DEVELOPMENT VT A& - Ak- A& Am A& ' 91 on . . IF19 iriP ** -111F 1UP IFW WN ff I so on on on so - 01 k Economic Development Department's Mission The Economic Development Department delivers programming to ensure the economic and social health of the community - partnering with private and non-profit organizations to achieve its goals. Current programming focuses on equitable job opportunities; cultivation of a lively arts & culture scene; creation of housing options to attract and retain residents; and expansion of the tax base by leveraging private investment. Economic Development Department Assistant Economic Development Director Ian Hatch Arts & Cultural Affairs Coordinator Jenni Petersen -Brant PT Arts & Culture Intern Michael Williams (3.75 Full -Time Equivalents) PT Confidential Account Clerk Cindy Kramer ECONOMIC DEVELOPMENT DEPARTMENT ECONOMIC DEVELOPMENT GOALS ■■ • Business Attraction/Expansion • Workforce Development • Housing Creation • Connected Community • Quality of Life through Arts & Culture Image Courtesy of Elevated Images Dubuque Economic Development Department FY2023 REQUESTED PROPERTY TAX SUPPORT $193539634 Net Property Tax Support $20mO8 Average homeowner's* property tax cost for the Economic Development Department (*Avg. home value of $159,503) Tax Increment Financing (TIF) Elimination of Slum & Blight • Downtown • Leveraging Investment Redevelopment; W Private X How a Tax increment Finance Provision (TIF) works TIF End Date TIF Tax Value Start Date for Increment for Distribution Development Base + Increment Stagnating BASE or Declining Property Tax Value for Distribution Values Time Tax Increment Financing (TIF) Economic Development • Job Creation and Retention • Leveraging Private Investment • Housing Development • Downtown Rehabilitation • Public Improvements TIF LEVERAGES PRIVATE INVESTMENT 1995 - Present IN • 89 TIF Projects • $100,847,000 Public Investment • $738,945,000 Private Investment • 103000 + Jobs Created + Retained • $1.00 public investment leverages $7.32 private investment Image Courtesy of Elevated Images Dubuque CALENDAR YEAR 2021 HIGHLIGHTS • 2 Development Agreements • 5 Grant Agreements • Incentivizing $20,829,975 in Private Investment • Creating and Retaining at least 226 Jobs • Creating 11 New Rental Residential Units CREATING AN EQUITABLE COMMUNITY OF CHOICE No A High -Performance organization (and Community) that is Data -Driven and Outcome -Focused built on the four pillars of: M Equity Compassion 7 ij Through Tanning, Partnerships . APeople Median Household Income* $75,000 $50,000 $25,000 White Residents Black Residents Homeownership Rate* 80% _ 60% 40% 20% White Residents Black Residents Unemployment Rate` 20% 15% 10% 5% White Residents Black Residents *2019 Dubuque City Data from the American Community Survey, US Census Bureau EQUITY FOCUSED EFFO • Affordable Housing • Childcare Access • Opportunity Dubuque Program • Transportation to jobs/training • Fiber to Homes & Businesses • Targeted Small Business Support • Equitable Access to Arts & Cultural Experiences • Inspiring Entrepreneurship Erica Brewer (center), 2022 SBDC Iowa Woman Entrepreneur of the Year ECONOMIC DEVELOPMENT TARGET AREAS M M �x le va • Downtown District • Central Avenue Corridor *Historic Millwork District *Chaplain Schmitt Island • Kerper Boulevard • Industrial Center • Tech Park Image Courtesy of Elevated Images Dubuque DOWNTOWN INVESTMENT Improvement 1985 through December 2021 % since 2000 New Construction $263 Million 92% Building Rehabilitation $479 Million 92% Real Estate Sales $204 Million 78% Public Improvements $154 Million 95% Net New Jobs 4,159+ 69% Total Improvements $896 Million 93% Information provided by Dubuque Main Street HIGH SPEED INTERNET Goals • Increased broadband investment & competition in Dubuque • Increased speed, services, redundancy in commercial/industrial areas • Prepare right of way for future public safety & economic uses Strategies • Public/private partnerships • Subsidized Internet access for low income (341 households to date @ $30 off) HIGH SPEED INTERNET Partnerships to date Redundant fiber access to all commercial and industrial areas installed = infrastructure in place Partners accelerating fiber to the home • Greater Dubuque Development Corp. + Dave Lyons • Comelec Internet Services • Maquoketa Valley Electric Cooperative • ImOn Communications SMALL BUSINESS RETENTION & DEVELOPMENT EPT 2021 Grant Recipients (from left to right): Lindsey Reiter, Lu Gerdemann, Tanisha Frazier, Dale Campbell, Erica Brewer, Renee Dunn, Alanda Gregory, Michael Williams Current Efforts: • Business creation grant • Business assistance grant • Connecting small businesses to local, regional, and state resources • Attending Dubuque Collective Small Business Alliance networking events WORKFORCE DEVELOPMENT - Opportunity Dubuque 77 individuals completed the Opportunity Dubuque program this past year. To date, 94% of graduates have found employment or continued their education. Working Age Population and Jobs 2011 to 2031 (Region) 200,000 — 100,000 169,136 107,837 165,425 1151172 2011 2021 Working Age Pop Jobs 154,081 122,793 2031 WORKFORCE DEVELOPMENT PARTNERSHIPS dubuque Hors a workforce initiative AME�A�S CD DU BUQU E AREA CHAMBER WHERE [TALL BELONGS Greater Dubuque LVL.L,jr'' -(RAVEL Zh&.qw WHERE WSTARTED Fountain of Youth INCLUSIVE dubuque Connecting People • Strengthening Community \ V NORTHEASTIOWA FOUR MOUNDS HEART PARTNERSHIP 10011'COMMUNITY COLLECE ARTS & CULTURAL AFFAIRS Activities • Arts & Culture Master Plan • Arts &Culture Grant Programs • Art on the River • Creative Economy Initiatives • Winter Arts Snow Sculpting Festival & Competition • Other Grant -funded Initiatives CALENDAR YEAR 2021 HIGHLIGHTS • $500,000 Award from National Endowment for the Arts • Launch of Creatives Cafes • Grants Secured to Fund Arts & Culture Sector Communications Campaign • Strategic Planning with Arts & Cultural Affairs Advisory Commission • Artist -Centered Community Development Training through Spring Board for the Arts • 44 Weekly 1-H r Check -ins with Arts & Culture Partners n u y Bell Tower Theater V . uM`w DuMA �1 4 y Colts Youth Organization y Dubuque Art Council d Dubuque Main Street w C a The � Dubuque Symphony Orchestra V Julien Dubuque I tional Fill V Dubuque Chorale �T rat City of Dubuque Office of Arts & .. ' Creative Adventure Lab lull 1• �. Rising Star Theatre Company Fly -By -Night r— of Music National Mississippi River Museu... ` M6 DCFAS ARTS & CULTURE OPERATING SUPPORT GRANTS No • Support the goals and priorities Ci Council and Arts & Culture Master Plan • Promote artistic excellence and cultural leadership • Cultivate social and cultural vibrancy, livability, community cohesion • Infuse diverse, equitable, and inclusive practices into programming and operations Image Courtesy of Dubuque Symphony Orchestra Image Courtesy of the Grand Opera House OPERATING SUPPORT GRANTS FUNDING TRENDS $350,000 $300,000 $2509000 $200,000 Funds Granted vs, Requested f Granted -w Requested FY17 FY18 FY19 FY20 FY21 FY22 FY23 Anticipated # Applicants 15 16 18 18 19 19 22 Awards capped at up to 6% or no more than $30,000 of an organization's operating budget. Anticipate 22 applications in FY23 requesting $330,000 in total funding. LRTS & CULTURE SPECIAL PROJECTS GRANTS 4 • Unique projects that cultivate diverse arts and cultural experiences for the community • Active, two-way partnership • DEI practices infused into service delivery, planning, and marketing • FY22 = $42,200 supported 7 projects that leveraged an additional $201,970 of in -kind and cash resources Sister Cities Photo Exhibit (2021), Image Courtesy of Travel Dubuque OPERATING SUPPORT & SPECIAL PROJECTS GRANTEES hell Tower Theafer DUBUCLUE CHORALE lj+ke 197 DUBUQUE ARTS COUNCIL educating & entertaining ' DUBUQUE ` ��__ c o �T s � museum ADVENTURE oIIUM � 6LJGL_E CORPS Dl-art XAW 0n VI VIUP, kRi>Alr1 IFAR01S tAJ MUSIC MEIN UL:RI:Qi'F IOWA HERITAGE WORKS �d*b� 14WA99F DUBUQUE ARBORETUM AND BOTANICAL GARDENS NORTHEAST IOWA �*# Studio I•, (�M SCHOOL OF �c``= O L3-71'' �;;:�Works �enabling imagination music DUBUQUE COUNTY THEA COMPANY HISTORICAL SOCIETY DUBUQUE AREA STEEPLE ❑ubuqueFest ARTS AA SQUARE r 4* finists festivpl COLLECTIVE FOUF MOUNDS o I ilcLseRve Eoucn're sErcve LORAS COLLEGE J :n Cetebmting the fl—Wy •7� of L'ving in fhe Moment ITMI Dubuque COMMUNITY SCHOOLS,0 mUltICUItUCQI ;3rt FAMILY CENTER ST. MARK V Okk The Ruby Sutton Building I DUBUQUE ENRICHMENT Learning today, leading tomorrow PI DUBUQUE SYMPHONY ORCHESTRA e/ WHFREMSTARTED � �tist� 3 0 • Downtown Cultural Corridor (Dubuque Main Street) • Dubuque County Fine Arts Society ARTS & CULTURE MASTER PLAN No • Adopted 2016 • Community Engagement Strategy implemented 2018 • 76 Recommendations o Cross -sector Collaboration • Ongoing Community Conversation • Volunteerism Public Art & Infrastructure Focuses on ways to expand and integrate public art in the community. Accessibility, Equity & Inclusion Focuses on improving access and being welcoming to all communities in Dubuque. Creative Economy, Artists & Entrepreneurship Focuses on support for local artists, cultural groups, and creative businesses through incentives and policy. Capacity & Investment Focuses on partnerships that lead to investment in the arts. Branding & Communication Focuses on communicating a united identity as an arts community. MASTER PLAN PARTNERSHIPS 8 INITIATIVES LOCAL CREATIVES DC FAS, in podnership with the City of Dubuque Acts and CukurofAffoirs, has put together a collection of area artists, local creaEives, and supporting companies. To submit for odditian to the database, please Fill out the form here. &I,. "SELL TOWER a TH ATHE f DIGITAL Dr]suaDrn O DVDUQUEAKA O WRITERS GUILD • Creatives Cafes for Dubuque Renaissance Project • Communications Campaign for Arts & Culture in partnership with Travel Dubuque • Creative Economy directory in partnership with Dubuque County Fine Arts Society (www.dcfas.orglartists) • Upcoming participation in Arts & Economic Prosperity Study VI through Americans for the Arts Contracted Services Ai Travel Dubuque Dubuque Area Labor Management Counci Dubuque Main Street Dubuque hinter Farmers Market Fountain of Youth Dubuque Dreary Center Greater Dubuque Development Corporation Prosperity Eastern Iowa Access Dubuque Inclusive Dubuque Project hope FY 2022FY 2023 Change % 1 r 1680300 1,170, 164 S 1.664 — % $ 301030 $ 05,000 $ 5,000 1 % $ 80,E 0 01,660 S 8.660 10 % $ — $ 15,000 S 15,000 — % $ 502030 $ 60,000 10.000 20 % $ 50,030 60,000 S 10,000 0 % $ 395..613 $ 456, 500 S 60,887 15 % $ 52065 $ 5,085 — — % $ 82135 8,105 — — % $ 750000 75,000 — — % 75,030 $ 85,000 S 10,000 1 % Total 1,9401433 1061,484 121,051 5.8 % Improvement Package Summary • Laptop for Economic Development Intern Non -recurring - $2,800 • Grant Application Prep Expenses Recurring - $20,000 • AmeriCorps Teen Creative Engagement Specialist position Recurring - $10,650 • Increase Dubuque Area Labor Management Council contracted service agreement o Recurring - $5,000 Improvement Package Summary • Increase Greater Dubuque Development Corp contracted service agreement Recurring - $122,387 • Increase Dubuque Dream Center contracted service agreement Recurring - $10,000 • Increase Fountain of Youth contracted service agreement Recurring - $10,000 Improvement Package Summary • Increase Dubuque Main Street contracted service agreement o Recurring - $8,330 • Increase Community Foundation of Greater Dubuque: Project HOPE contracted service agreement o Recurring - $10,000 • Dubuque Winter Farmers' Market support o Recurring - $1500 Economic Development Department FY 23 CAPITAL IMPROVEMENT PROJECTS • - FY 23 Cost Greater Downtown Housing Creation Grant Workforce Development Downtown Rehab Grant Program Minority -Owned Business Microloan Initiative Central Ave Streetscape Implementation $3003000 $3715500 $200,000 $50,000 $1503000 Total Project Cost $1,940,000 $271677500 $131753000 $3003000 $1755000 South Port Master Plan Implementation $2153000 $2153000 Economic Development Department FY 23 CAPITAL IMPROVEMENT PROJECTS • - FY 23 Cost Development Dubuque Industrial Center: Crossroads Central Ave Housing Forgivable Loans Low -Income Small Business Grant $3,3181000 $1503000 $50,000 Total Project Cost $379417803 $750,000 $505000 Business, Nonprofit, and Arts Groups $2503000 $5003000 Assistance Program (ARPA) Economic Development Department PERFORMANCE MEASURES Cti:P Goals On Track: Goals Improving: Jobs Created Through • Private Sector Investments Incentives • Participants Graduating from Increase in overall Opportunity Dubuque property values in TIF • Number of Projects Assisted districts with Rehab Grants • Number of housing units created Economic Development Department ARTS & CULTURE PERFORMANCE MEASURES Goals On Track: % of grantee locations or primary service delivery within CDBG target area Private, other pledged matchs (cash and in -kind) towards Special Projects program E4D Goals Improving: • Level of funding requests met • # of Successful Applications • % of increase from prior year in paid employment offered by grantees • # of unique applicants to City - issued arts calls + # contracts awarded IN n THANK YO M 2090- AW a "I www.cityofdubuque.org/EconDev