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Proposed Downtown Rehabilitation Grant Award for 1199 Central AvenueCity of Dubuque City Council Meeting Consent Items # 010. Copyrighted October 17, 2022 ITEM TITLE: Proposed Downtown Rehabilitation Grant Award for 1199 Central Avenue SUMMARY: City Manager recommending City Council adopt a resolution approving the Grant Agreement for the Downtown Rehabilitation Grant Program for redevelopment of 1199 Central Avenue with a total grant amount of $175,000. RESOLUTION Approving a Grant Agreement by and between the City of Dubuque, Iowa and Virtual Velocity, LLC for the redevelopment of 1199 Central Avenue SUGGESTED Suggested Disposition: Receive and File; Adopt Resolution(s) DISPOSITION: FIN ik[91:ILyil21zIII l+] Description Type Grant Agreement with Virtual Velocity, LLC for City Manager Memo Rehabilitation of 1199 Central Avenue-MVM Memo Staff Memo Resolution Grant Agreement Staff Memo Resolutions Supporting Documentation THE CITY OF Dubuque DUB TEE1. All -America City Masterpiece on the Mississippi � pp zoo�•*o 13 zoi720zoi9 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Proposed Downtown Rehabilitation Grant Award for 1199 Central Avenue DATE: October 12, 2022 Economic Development Director Jill Connors is recommending City Council adopt a resolution approving the Grant Agreement for the Downtown Rehabilitation Grant Program for redevelopment of 1199 Central Avenue with a total grant amount of $175,000. This property is the former Prescott elementary school. Virtual Velocity, LLC is a local organization entering into building preservation and rehabilitation. Lloyd Singletary, organizer, intends to restore the building's fapade while creating 14 new market -rate rental units. The building is currently in a deteriorated state in a highly visible portion of the downtown area. As the building is located across the street from the current Prescott Elementary School, it is critical to have this blight remedied. I concur with the recommendation and respectfully request Mayor and City Council approval. Mic ael C. Van Milligen MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jill Connors, Economic Development Director Dubuque THE CITY OF All -America My nni K xvni , nz: a:u�ir, DUB E 2007-2012.2013 Masterpiece on the Mississippi 2017*2019 TO: Michael C. Van Milligen, City Manager FROM: Jill M. Connors, Economic Development Director Economic Development Department 1300 Main Street Dubuque, Iowa 52001-4763 Office (563) 589-4393 TTY (563) 690-6678 http://www.cityofdubuque.org SUBJECT: Proposed Downtown Rehabilitation Grant Award for 1199 Central Avenue DATE: October 11, 2022 INTRODUCTION This memo presents for your concurrence a project selected for a rehabilitation grant award. BACKGROUND The Downtown Rehabilitation Loan Program provides several incentives from the Economic Development Department for the rehabilitation of historic buildings in our greater downtown. This program has had a positive impact on the appearance and livability of our downtown, which leads to a more attractive business and residential environment. The Economic Development Department also finds these programs to be great tools for attracting and retaining a quality workforce for our businesses. DISCUSSION For this property, staff have performed a "Good Neighbor Inquiry" with Building Services, Engineering, Finance, Health, Housing, Legal, Planning, Police, Public Works, and Utility Billing for any concerns based on these or other properties owned by the applicant. The Good Neighbor Inquiry on this owner and property produced no issues. Application received May 20, 2022 for a fagade grant, a planning and design grant, a financial consultant grant, and a housing creation grant. This property is the former Prescott elementary school. Virtual Velocity, LLC is a local organization entering into building preservation and rehabilitation. Lloyd Singletary, organizer, intends to restore the building's facade while creating 14 new market -rate rental units. The building is currently in a deteriorated state in a highly visible portion of the downtown area. As the building is located across the street from the current Prescott Elementary School, it is critical to have this blight remedied. I have confirmed the funding is available in our department's budget for this project. This takes into consideration all encumbrances and previous balances from all the consolidated CIP budgets. I recommend funding the fagade grant at $10,000 maximum, the planning and design grant at $10,000 maximum, and the financial consultant grant at $15,000 maximum all from CIP 2411942. 1 also recommend the housing creation grant at $140,000 maximum from CIP 3602438. The total grant award would be $175,000 maximum. Funding the Downtown Housing Incentive, and Fagade Grant would align with the City Council's goal of Vibrant Community: Healthy and Safe. RECOMMENDATION/ ACTION STEP I recommend approval of the proposed grant award in the amount detailed above. 2 Prepared by: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4393 Return to: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4393 RESOLUTION NO. 325-22 APPROVING A GRANT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA AND VIRTUAL VELOCITY, LLC FOR THE REDEVELOPMENT OF 1199 CENTRAL AVENUE WHEREAS, Virtual Velocity, LLC is the owner of the building at 1199 Central Avenue in the City of Dubuque, Iowa (the "Development Property") legally described as: The Northerly 87 feet 1.2 inches of Out Lot 447 in the City of Dubuque, Iowa, according to the United States Commissioners' Map thereof WHEREAS, Virtual Velocity, LLC has applied to the City of Dubuque Economic Development Department (the "City") for a Housing Creation Grant, a Fagade Grant and a Planning & Design Grant, and Financial Consultant Grant (the "Grants") for the rehabilitation of the Development Property (the "Project"); and WHEREAS, the Project is eligible for the Grants; and WHEREAS, City and Virtual Velocity, LLC have tentatively entered into a Grant Agreement for the Development Property (the "Grant Agreement"), a copy of which is attached hereto; and WHEREAS, it is the determination of the City Council that approval of the Grant Agreement for redevelopment of the Development Property by Virtual Velocity, LLC, according to the terms and conditions set out in the Grant Agreement, is in the public interest of the City of Dubuque. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1 That the Grant Agreement between the City of Dubuque and Virtual Velocity, LLC is hereby approved. Section 2. That the Mayor is hereby authorized and directed to execute the Grant Agreement on behalf of the City of Dubuque and the City Clerk is authorized and directed to attest to his signature. Section 3. That the City Manager is authorized to take such actions as are necessary to comply with the terms of the Grant Agreement as herein approved. Passed, approved and adopted this 17th day of October, 2022. Bra M. 2�5 agh, Mayor Attest: Adrienne N. Breitfelder, City Clerk GRANT AGREEMENT FOR THE DOWNTOWN REHABILITATION GRANT PROGRAM BETWEEN THE CITY OF DUBUQUE, IOWA AND VIRTUAL VELOCITY, LLC THIS GRANT AGREEMENT (the "Agreement"), dated for reference purposes the 3rd day of October, 2022, by and between the City of Dubuque, Iowa a municipality established pursuant to the Code of Iowa ("City") and acting under the authorization of Chapter 403 of the Code of Iowa (the "Urban Renewal Act") and Virtual Velocity, LLC ("Grant Recipient"). WHEREAS, in furtherance of the objectives of the Urban Renewal Act, City has undertaken a program for the development and redevelopment of an area in the city known as the Greater Downtown Urban Renewal District (the "District"), an urban renewal area established pursuant to the Urban Renewal Act, and in connection therewith has established the Downtown Rehabilitation Grant Program (the "Program"); and WHEREAS, Grant Recipient intends to complete the renovation and rehabilitation of a building located on property within the District locally known as 1199 Central Avenue, Dubuque, Iowa (the "Development Property"), legally described as: The Northerly 87 feet 1.2 inches of Out Lot 447 in the City of Dubuque, Iowa, according to the United States Commissioners' Map thereof. which will include various improvements to the building, as more specifically detailed in Grant Recipient's application to the Program (the "Project"); and WHEREAS, Grant Recipient has applied for a Downtown Housing Incentive Grant, a Fagade Grant, a Planning & Design Grant, and a Financial Consultant Grant for the Project from City under the Program in amounts collectively up to Fifty Thousand Dollars ($175,000) (the "Grant"), the terms of which are set forth in this Agreement; and WHEREAS, the City Council believes that the development of the Development Property pursuant to this Agreement and the fulfillment generally of this Agreement, are in the vital and best interests of City and in accord with the public purposes and provisions of the applicable state and local laws and requirements under which the Project has been undertaken and is being assisted. NOW THEREFORE, IN CONSIDERATION OF THE PROMISES AND OBLIGATIONS OF THE PARTIES HERETO, EACH OF THEM DOES HEREBY COVENANT AND AGREE WITH THE OTHER AS FOLLOWS: SECTION 1. MINIMUM IMPROVEMENTS. 1. 1. Required Minimum Improvements. Grant Recipient shall improve the Development Property as follows: Facade improvements including rehabilitation of doors and windows, and the creation of fourteen new rental units (the "Minimum Improvements"). The Minimum Improvements shall be completed in substantial conformity with the scope and scale described in Grant Recipient's Application to the Program, attached hereto as Exhibit B. 1.2. Timing of Minimum Improvements. Grant Recipient shall begin construction of the Minimum Improvements by October 31, 2022 and complete construction of the Minimum Improvements by May 1, 2023. City shall determine in its sole discretion, following an inspection by City's Building Services Department and/or Planning Department, when the Minimum Improvements have been completed. In order to be considered completed, the Minimum Improvements must be constructed in accordance with the terms of this Agreement, in compliance with the regulations of the Program, and in substantial conformity with Grant Recipient's Application Design Letter attached hereto as Exhibit A. 1.3 Certificate of Completion. Promptly following the request of Grant Recipient and upon determination by the City Manager that the Minimum Improvements have been completed as required by this Agreement, the City Manager shall furnish Grant Recipient with a Certificate of Completion in recordable form which shall be a conclusive determination of the satisfaction and termination of the agreements and covenants in this Agreement. 1.4. Construction of Minimum Improvements. Grant Recipient shall complete all work with respect to construction of the Minimum Improvements in conformance with all requirements of the Program, this Agreement, and all federal, state, and local laws, ordinances, and regulations. 1.5. Insurance. (1) Grant Recipient shall provide and maintain or cause to be maintained at all times during the process of constructing the Minimum Improvements and at its sole cost and expense builder's risk insurance, naming City as loss payee, written on a Completed Value Form in an amount equal to one hundred percent (100%) of the building (including Minimum Improvements) replacement value when construction is completed. Coverage shall include the "special perils" form and Grant Recipient shall furnish City with proof of insurance in the form of a certificate of insurance. (2) Upon completion of construction of the Minimum Improvements and up to the Termination Date, Developer shall maintain, or cause to be maintained, at its cost and expense property insurance against loss and/or damage to the building (including the Minimum Improvements) under an insurance policy written with the "special perils" form and in an amount not less than the full insurable replacement 2 value of the building (including the Minimum Improvements), naming City as loss payee. Developer shall furnish to City proof of insurance in the form of a certificate of insurance. (3) The term "replacement value" shall mean the actual replacement cost of the building with Minimum Improvements (excluding foundation and excavation costs and costs of underground flues, pipes, drains and other uninsurable items) and equipment, and shall be reasonably determined from time to time at the request of City, but not more frequently than once every three (3) years. (4) Grant Recipient shall notify City immediately in the case of damage exceeding $50,000.00 in amount to, or destruction of, the Development Property or any portion thereof resulting from fire or other casualty. Net proceeds of any such insurance (the "Net Proceeds"), shall be paid directly to Grant Recipient as its interests may appear, and Grant Recipient shall forthwith repair, reconstruct and restore the Development Property to substantially the same or an improved condition or value as it existed prior to the event causing such damage and, to the extent necessary to accomplish such repair, reconstruction and restoration, Grant Recipient shall apply the Net Proceeds of any insurance relating to such damage received by Grant Recipient to the payment or reimbursement of the costs thereof, subject, however, to the terms of any mortgage encumbering title to the Development Property, as its interests may appear. Grant Recipient shall complete the repair, reconstruction and restoration of the Development Property whether or not the Net Proceeds of insurance received by Grant Recipient for such purposes are sufficient. SECTION 2. FURTHER COVENANTS OF GRANT RECIPIENT. 2.1. Operation of Development Property; Housing Vouchers. For and in consideration of the Grant offered under this Agreement, during the operation of the Development Property as a rental residential property, Grant Recipient shall accept, or cause to be accepted, applications from prospective tenants with housing vouchers issued under the U.S. HUD's Section 8 voucher program or a similar program who are otherwise qualified prospective tenants. Grant Recipient shall not deny any tenant a lease based on a public assistance source of income. A public assistance source of income means income and support derived from any tax supported federal, state or local funds, including, but not limited to, social security, supplemental security income, temporary assistance for needy families, family investment program, general relief, food stamps, and unemployment compensation, housing choice voucher subsidies and similar rent subsidy programs. This Section 4.2 shall survive the termination of this Agreement. If Grant Recipient, or Grant Recipient's successors or assigns violates the requirements of this Section 2.1 as determined by the City Manager in the City Manager's sole discretion after the termination of this Agreement, Grant Recipient or Grant Recipient's successors or assigns shall not be eligible for any City financial assistance programs. 2.2. Real Property Taxes. Grant Recipient shall pay or cause to be paid, when due, all real property taxes and assessments payable with respect to all and any parts of the Development Property. 2.3. No Other Exemptions. Until the Termination Date, Grant Recipient agrees not to apply for any state or local property tax exemptions, except for an application for urban revitalization tax abatement under Iowa Code Chapter 404 and 427, which are available with respect to the Development Property or the Minimum Improvements located thereon that may now be, or hereafter become, available under state law or city ordinance during the term of this Agreement. 2.4. Non -Discrimination. In carrying out the Project, Grant Recipient shall not discriminate against any employee or applicant for employment or tenant because of race, religion/creed, color, familial status, marital status, sex, sexual orientation, gender identity, national origin, age, or mental/physical disability. SECTION 3. DOWNTOWN REHABILITATION GRANT PROGRAM. 3.1. Downtown Housing Incentive Grant. City agrees to provide Grant Recipient a grant in an amount equal to Ten Thousand Dollars ($10,000) for each apartment in the Development Property for which a Certificate of Completion from the City of Dubuque is issued, but not to exceed One Hundred Forty Thousand Dollars ($140,000). 3.2 Facade Grant. City agrees to provide a matching (1:1) grant not to exceed Ten Thousand Dollars ($10,000) to reimburse Grant Recipient for documented costs that improve the overall appearance of the Development Property, provided the Project meets the criteria of the Fagade Grant Program and on the terms and conditions set forth in the attached Design Letter. 3.3. Planning & Design Grant. City agrees to provide a matching (1:1) grant not to exceed Ten Thousand Dollars ($10,000) to reimburse Developer for documented predevelopment costs, architectural and engineering fees and other authorized soft costs associated with the rehabilitation of the Development Property on the terms and conditions set forth in the attached Design Letter. 3.4. Financial Consultant Grant. City agrees to provide a matching (1:1) grant not to exceed Fifteen Thousand Dollars ($15,000) to reimburse Developer for documented costs related to hiring a financial consultant to evaluate the Project's feasibility on the terms and conditions set forth in Exhibit I. 3.5. Payment of the Grant. The Grant shall be payable as follows: (1) Any and all portions of the Grant shall be funded solely and only from available Program funds. E (2) Prior to the release of any grant funds, (i) Grant Recipient shall have submitted documentation of its eligible expenses under the corresponding grant program, and (ii) City shall have issued a Certificate of Completion; and (3) The Grant funds shall be disbursed directly to Grant Recipient. SECTION 4. EVENTS OF DEFAULT; REMEDIES. 4.1. Events of Default Defined. Failure by Grant Recipient to substantially observe or perform any covenant, condition, obligation, or agreement on its part to be observed or performed under this Agreement shall be an "Event of Default." 4.2. Remedies on Default by Grant Recipient. Whenever any Event of Default occurs and is continuing, City, as specified below, may take any one or more of the following actions after the giving of written notice by City to Grant Recipient of the Event of Default, but only if the Event of Default has not been cured within thirty (30) days following such notice, or if the Event of Default cannot be cured within thirty (30) days and Grant Recipient does not provide assurances to City that the Event of Default will be cured as soon as reasonably possible thereafter: (1) City may suspend its performance under this Agreement, including suspension of the payment of any installment of the Grant to Grant Recipient, until it receives assurances from Grant Recipient deemed adequate by City, that Grant Recipient will cure its default and continue its performance under this Agreement; (2) City may terminate this Agreement; or (3) City may take any action, including legal, equitable, or administrative action, which may appear necessary or desirable to enforce performance and observance of any obligation, agreement, or covenant under this Agreement. 4.3. No Remedy Exclusive. No remedy herein conferred upon or reserved to City is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. 4.4. No Implied Waiver. In the event any agreement contained in this Agreement should be breached by any party and thereafter waived by any other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent breach hereunder. SECTION 5. MISCELLANEOUS. 5.1. Conflict of Interest. Grant Recipient represents and warrants that, to its best knowledge and belief after due inquiry, no officer or employee of City, or its designees or agents, nor any consultant or member of the governing body of City, and no other public official of City who exercises or has exercised any functions or responsibilities with respect to the Project during his or her tenure, or who is in a position to participate in a decision -making process or gain insider information with regard to the Project, has had or shall have any interest, direct or indirect, in any contract or subcontract, or the proceeds thereof, for work or services to be performed in connection with the Project, or in any activity, or benefit therefrom, which is part of the Project at any time during or after such person's tenure. 5.2. Grants, Notices, and Demands. A grant payment, notice, demand, or other communication under this Agreement by any party to the other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, postage prepaid, return receipt requested, or delivered personally, and (1) In the case of Grant Recipient, is addressed and delivered personally to Virtual Velocity, LLC, 955 Washington Street, Unit 329, Dubuque, IA 52001; Attn: Lloyd Singletary; and (2) In the case of City, is addressed and delivered personally to the City of Dubuque at City Hall, 50 W. 13th Street, Dubuque, IA 52001; Attn: City Manager and City Attorney. or to such other designated individual or officer or to such other address as any party shall have furnished to the other in writing in accordance herewith. 5.3. Titles of Sections. Any titles of the several parts and Sections of this Agreement are inserted for convenience of reference only and shall be disregarded in construing or interpreting any of its provisions. 5.4. Definitions. All capitalized terms used herein shall have the meaning defined herein, unless a different meaning clearly appears from the context. 5.5. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall constitute one and the same instrument. 5.6. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Iowa. 5.7. Amendment. This Agreement may not be amended except by a subsequent writing signed by the parties hereto. 5.8. Successors and Assigns. This Agreement is intended to and shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 0 5.9. Termination Date. This Agreement shall terminate and be of no further force or effect December 31, 2027, unless the Agreement is terminated earlier by the other terms of this Agreement. 5.10. No Third -Party Beneficiaries. No rights or privileges of either party hereto shall inure to the benefit of any landowner, tenant, contractor, subcontractor, material supplier, or any other person or entity, and no such landowner, tenant, contractor, subcontractor, material supplier, or any other person or entity shall be deemed to be a third -party beneficiary of any of the provisions contained in this Agreement. 5.11. Indemnification. Grant Recipient hereby agrees to defend, indemnify, and hold harmless City, its officer and employees, against any and all claims of any kind made by Grant Recipient or any third party relating to or arising out of this Agreement, including costs, expenses, or attorneys' fees. 5.12. No Assignment: Non -Transferability. Following the execution of this Agreement and until the Termination Date: (1) Grant Recipient represents and agrees that it will not transfer, convey or make any assignment of any of its rights or interests in the Development Property, Minimum Improvements, or this Agreement to any other party unless: (i) the transferee partnership, corporation, or individual assumes in writing all of the obligations of Grant Recipient under this Agreement, and (ii) City consents thereto in writing in advance thereof; and (2) Grant Recipient represents and agrees that it will not assign its rights or interests in this Agreement, including the Grant, to any other party unless City consents thereto in writing in advance thereof. CITY OF DUBUQUE, IOWA VIRTUAL VELOCITY, LLC r �+nagh, Mayo ATTEST: Cb" _,;� A46,L_ Adrienne N. Breitfelder, City Clerk EXHIBIT A DESIGN LETTER THE CITY OF DUB E Masterpiece on the Mississippi Dubuque Planning Services Department City Hall - 50 West 131h Street ���1°"' 1 Dubuque, IA 52001-4845 1 I I I (563) 589-4210 phone (563) 589-4221 fax 2007,2012.2013 (563) 690-6678 TDD 2017*2019 plan ning(cD-cityofdubugue.org MEMORANDUM TO: Jill Connors, Economic Development Director FROM: Chris Happ Olson, Assistant Planner C SUBJECT: Fagade Grant: 1199 Central Ave. Applicant Lloyd Singletary, Virtual Velocity DATE: September 9, 2022 Introduction This memorandum forwards the requested design review for work funded with a Fagade Grant for the property located at 1199 Central Avenue, formerly the old Prescott School. Background The City of Dubuque Architectural Guidelines, the Secretary of the Interior Standards for Rehabilitation and applicable Technical Preservation Services Preservation Briefs published by the National Park Service (NPS) apply to this project. The collection can be found at the NPS website. Discussion The scope of work depicted and described in the drawings, application, and subsequent answers to questions during review meet the Architectural Guidelines and the project is recommended for approval as submitted and conditioned. Conditions regarding the work include: • Masonry work follow the recommendations in NPS Preservation Brief #2. • Entrance roof systems: Construct new hoods over entrances as shown on rendering, or work with Planning Services staff with final alternate bracket design. Coloring should be as is depicted in rendering, or complementary to the window or brick color. • Entrance stoop systems: Repair or reconstruct all entrance stoops with same design and materials is as present, and shown on renderings. Paint railings complementary to windows or other elements such as the entrance roof trim. Should new railing systems be desired, work with Planning Services Staff to determine design and color. • Roof systems: Extend roof system to include at minimum 18" eaves throughout the structure, as shown on rendering. Reshingle with new architectural laminated shingle, working with Planning Services Staff on color choice. New gutter and downspout systems shall match the trim and/or brick color as appropriate. Entrance door systems: Reuse existing entrance doors or replace with new doors as shown on rendering, with color complementary to the window color. Windows: In newly restored fenestration openings, install Reliabilt 3900 Series Windows, in Bronze color. On 1 st — 3rd floors, utilize three panels with a top fixed and lower two-thirds double hung sash, utilizing muntin patterning as shown in rendering. Muntins shall be an exterior muntin and spacer between the glass, if a matching color to the exterior can be achieved for the spacer. Allowance provided to center new largest windows in opening, with a reduction of up to four inches total width (2" on each side). In instances of smaller windows, follow patterning and sash number as shown on rendering. At basement level where necessary, allow for excavation and opening up of window openings to allow for egress as necessary from garden level units, working with Planning Services staff with final design. Surrounding treatment should be in -kind (limestone). Seek permitting through the Engineering Department as necessary for any construction staging that may encroach upon the public right of way. No signage for the structure is proposed or approved. Any new signage or changes will need approval by Planning Services when the applicant is ready for both compliance with the City's code and design guidelines. Applications can be made to the Inspection & Construction Services Division. Please note that all work completed must have relevant permitting and permission, working with the Inspection and Construction Services Division (formerly Building Department) and Engineering Department as necessary. Requirements The project, if done in accordance with the described scope of work and drawings will meet the applicable guidelines and standards and is recommended for approval in terms of design review. Any deviation from the approved scope of work must be reviewed and approved by the Economic Development and Planning Services Departments prior to initiation. It is the property owner's responsibility to read and understand the terms of approval as well as ensure compliance with the project requirements. It is the property owner's responsibility to obtain the necessary building permits prior to starting work. It is the property owner's responsibility to ensure all contractors understand and properly execute all expectation of the project. Failure to comply with the approved scope of work will result in forfeiture of all funding. ENCLOSURES: Application, Rendering, Chosen window specification CC: Mike Belmont, Building Official Mike Seivers, Inspector Wally Wernimont, Planning Services Manager 2 EXHIBIT B APPLICATION Dubuque Economic Development Department THE CITY OF " 1300 Main Street Dubuque, lA 52001-4864 \Ib�lllfl I V A I Office: (563) 589-4393 \11 T �\11 � f•7 . I:.V A I 78 DUB �� TTY: (563) uque. rg http://www.cityofdubuque.org Masterpiece an the Mississippi &E 2017*201g City of Dubuque, Iowa Application for Downtown Incentive Programs Name of Applicant (Developer/Company): virtual velocity LLC Address of Proposed Project: 1199 Central Avenue, Dubuque, IA 52001 Contact Name Address: Phone: _ Date of Birth: Lloyd Singletary Email: City/State: Dubuque Zip: 52001 Total Project Cost: 1,150,000 Estimated Start Date: 08/2021 Estimated Completion Date: 09i2022 With whom has the Applicant discussed details of this project at the City of Dubuque? Jill Connors, Ian Scott Chris Olson and others Check each of the Incentives for which you are applying: A.) Downtown Housing Incentive B.) Downtown Rehabilitation Grant (Jj (4 Fagade Grant Financial Consultant Grant (vY Planning and Design Grant C.) Tax Increment Rebate or Tax Abatement Please Include Proof of Building Ownership as Attachment A You may use the following site as a resource for providing this information: https://beacon.schneidercorp.com/ If Applicant is not building owner, you must provide proof of building owner's permission to proceed with project as part of Attachment A: If the owner is a for -profit or non-profit organization, you must provide a resolution adopted by the Board of Directors which authorizes both the project and the application attached with the Minutes of the Meeting when it was adopted. Please Include as Attachment B Does Applicant own or have ownership interest in other Properties in Dubuque? ( )Yes (JJNo If yes, please list addresses: Dubuque Economic Development Department THE CITY OF " 1300 Main Street Dubuque, IA 52001-4864 \Ib�ncrfq CiA I Office: (563) 589-4393 \11 T �\11 � f•7 . I:.V A I 78 DUB �� TTY: (563) uque. rg http://www.cityofdubuque.org Masterpiece an the Mississippi &E 2017*2019 Do the above properties comply with all applicable City of Dubuque ordinances and regulations, including but not limited to: Housing, Building, Zoning, Fire, Health and Vacant & Abandoned Building regulations? (vffes ()No *Grant Recipient must complete all work in conformance with all requirements of the Program, this Agreement, and all federal, State, and local laws, ordinances, and regulations. Please list all sources of funding and financing for this project besides the requested grants, and whether the sources are already secured (i.e. Historic Tax Credits, Grants, IEDA Incentives). A construction loan which is alreadv secured. Current Physical Condition of the Building - Written: Please Include up to 3 Current Photos as Attachment C Currently the building has been completely gutted and we are starting interior work. Proposed Modification of Building/Intended Improvements - Written: Please Include Rendering/Drawing as Attachment D This building will be made into beautiful new apartments. See the links to the renderings here: Here are the renderings of the largest apartment, Unit 302: https://photos.app.goo.gl/UtZisjQtkmmpcxZR6 These are the renderings of the standard apartments and the two 3rd floor lofts https://photos.app.goo.gl/Umk43Poe6PT2uMJU9 Community Benefit/Impact of Project (how will the project further the revitalization of downtown): If additional space is needed, please include as Attachment E The city will have 14 beautiful new apartments available to its residents and one of its oldest buildings will be restored to service. 2 Dubuque Economic Development Department THE CITY OF " 1300 Main Street Dubuque, IA 52001-4864 \Ib�ner ,I CvAI Office: (563) 589-4393 \11 T �\11 � f•7 . I:.V A I 78 DUB �� TTY: (563) uque. rg http://www.cityofdubuque.org Masterpiece an the Mississippi &E 2017*2019 A.) Downtown Housing Incentive Program* *Grant Funds will be disbursed upon receipt of certificate of occupancy for all units in the project. **The Rental Property Owner/Property Manager will be required to accept Housing Choice Vouchers (HCV) provided by the U.S. Department of Housing and Urban Development (HUD) from qualified prospective tenants for the duration of the forgivable loan agreement. How many units are being created? 14 Housing units created must be greater than 650 Square Feet. A minimum of 2 units are required for eligibility, and a maximum of 75 units are eligible. (housing units that have been vacant for over three years are considered new units) Amount of Assistance Requested (No more than $10,000 per unit is eligible) $140,000 Does the project have bank financing? If yes, what financial institution? ( )Yes (v7No Please Include Letter of Commitment from Financial Institution as Attachment F A 10-year pro forma must be attached if requesting housing grant. Please include as Attachment G Does the pro forma show a developer's fee? If yes, over what period of time will this fee be paid? Will residential units have any income restrictions? If yes, how many residential units will have income restrictions? (This could be 0% to 65% of the rental units can have a restriction of 80% area median income.) Is a Floor plan for all units attached? Please attach as Attachment H 3 ( )Yes MNo ( )Yes (JJNo (v)Yes ()No Dubuque Economic Development Department THE CITY OF " 1300 Main Street Dubuque, IA 52001-4864 \Ib�ncrfq CiA I Office: (563) 589-4393 \11 T �\11 � f•7 . I:.V A I 78 DUB �� TTY: (563) uque. rg http://www.cityofdubuque.org Masterpiece an the Mississippi &E 2017*2019 B.) Downtown Rehabilitation Grant" "Grant Funds will be disbursed upon completion of work, documentation of costs, and an inspection of completed project. Disbursements are at a rate of $.50 for each $1.00 of costs incurred, up to maximum amount of grant committed. Written requests for payment must be submitted to the Economic Development Department. "Paid invoices and/or cancelled checks will be required to confirm expenditures. Professional drawings and scope of work showing dimensions, architectural details, and labels must be attached to the application. Please include as Attachment Planning and Design Grant Estimated costs for planning and design How much assistance is the project requesting? Fagade Grant Estimated costs for fagade improvements How much assistance is the project requesting? Will the project include repointing or tuck pointing? If yes, a mortar analysis sample may be required. The sample would be a reimbursable expenditure. $ 20,000 $ 10,000 $ 120,000 $ 10,000 (v)'Yes ()No Do existing signs on the project property comply with City Zoning regulations and design guidelines? ( )Yes ()No WN/A If the above answer is no, or the Applicant is proposing new signs, please describe the design materials and colors that will be used on the sign face, how the sign will be displayed, and any lighting proposed. With whom has the Applicant discussed details of this project in the City of Dubuque Planning Department? This is mandatory. Chris Olson, Travis Schrobilgen 4 Dubuque THE CITY OF All- neHn Citj \11 T �\11 ( f•7 . I:.V A I UB E Masterpiece an the Mississippi 2017*2019 Has Applicant reviewed the City's Design Review Guidelines at http://cityofdubugue.org/l295/Design-Guideline ? Economic Development Department 1300 Main Street Dubuque, IA 52001-4864 Office: (563) 589-4393 TTY: (563) 690-6678 http://www.cityofdubuque.org (4Yes ()No Financial Consultant Grant Estimated costs for financial consultant services How much assistance is the project requesting? '• 111 '111 Bids: Please attach bid(s) for ALL proposed work as Attachment J Certificate of Insurance: Please attach a certificate of insurance for the individual/company bidding the work as Attachment K C.) Tax Increment Rebate or Tax Abatement Please contact the Economic Development Department to discuss tax incentives at (563) 589-4393. I certify that I am applying for the above incentives before having begun the eligible work, and project work is scheduled to start in fewer than 6 months of the date of this application. Some work is in process, but the construction is far from complete. Signature: ). �'c�U Date: 05/19/2022 To be considered for approval, a fully completed application with attachments and exhibits must be submitted via one of the following. • Website: htti)s://www.citvofdubugue.org/l13/Facade-Grant • email: econdev(a)cityofdubug ue.org • drop off: Economic Development Department, 1300 Main Street, Dubuque, Iowa 52001 • US Post: Economic Development Department, 1300 Main Street, Dubuque, Iowa 52001 5 Windows s Doors I windows / Double Hung windows ReliaBilt 3900 Series 31.75-in x 73.5-in x 3.25-in Jamb Vinyl Replacement Bronze Double Hung Window Hal( Item N66140 Model#A900DHBZr3l673400d1 Sinop Reunion as in ! S: z v ] $aSave $1 it $711.88 25.63 Ends p14 Ends S I.1 ` $67629vvt nyouc oose5% IV saving on eligible purchases every day Learn hay, Fan ri I M $119omo suggestetl payments OR who 6 month speci"horang. Learn how • The industry 'abest performing rerracerrenlwindow Series in just about every al . 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