Loading...
Resolution of Necessity for the Proposed Urban Renewal Plan for the Twin Valley Urban Renewal Area_InitiateCity of Dubuque City Council Meeting Copyrighted December 19, 2022 Items to be set for Public Hearing # 02. ITEM TITLE: Resolution of Necessity for the Proposed Urban Renewal Plan for the Twin Valley Urban Renewal Area SUMMARY: City Manager recommending City Council adopt a Resolution of Necessity that finds that an Urban Renewal Plan for the proposed Twin Valley Urban Renewal Area ("Area") is both necessary and appropriate; and sets a public hearing on the proposed amendment for February 6, 2023. RESOLUTION Authorizing and directing the City Manager to prepare an Urban Renewal Plan for the Twin Valley Urban Renewal Area, setting a date for the public hearing and directing the consultation process on the proposed Amended and Restated Urban Renewal Plan for said district SUGGESTED Receive and File; Adopt Resolution(s), Set Public Hearing for February DISPOSITION: 6, 2023Suggested Disposition: ATTACHMENTS: Description Type Twin Valley Urban Renewal Plan - Resolution of City Manager Memo Necessity-MVM Memo Staff Memo Resolution Attachment A - Map Attachment B - Legal Description Notice of Hearing Staff Memo Resolutions Supporting Documentation Supporting Documentation Supporting Documentation THE C Dubuque DUjIBQTE WAWca 914 Masterpiece on the Mississippi YP pp aoo�•o 13 z0i7*20*�oi9 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Resolution of Necessity for the Proposed Urban Renewal Plan for the Twin Valley Urban Renewal Area DATE: December 15, 2022 Economic Development Director Jill Connors is recommending City Council adopt a Resolution of Necessity that finds that: 1) an Urban Renewal Plan for the proposed Twin Valley Urban Renewal Area ("Area") is both necessary and appropriate; and 2) sets a public hearing on the proposed amendment for February 6, 2023. 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 Economic Development Department THE CITY OF b:&d 1300 Main street All-Me1*109ft Dubuque, Iowa 52001-4763 kxv,�. awccrvar Office (563) 589-4393 DUB-1i&E 1 htt (563) w.city fd ® http://www.cityofdubuque.org 2007-2012.2013 Masterpiece on the Mississippi 2017*2019 TO: Michael C. Van Milligen, City Manager FROM: Jill M. Connors, Economic Development Director SUBJECT: Resolution of Necessity for the Proposed Urban Renewal Plan for the Twin Valley Urban Renewal Area DATE: December 15, 2022 INTRODUCTION This memorandum presents for City Council consideration a Resolution of Necessity that finds that: 1) an Urban Renewal Plan for the proposed Twin Valley Urban Renewal Area ("Area") is both necessary and appropriate; and 2) sets a public hearing on the proposed amendment for February 6, 2023. BACKGROUND The Twin Valley Urban Renewal Area will be an urban renewal area which allows the City of Dubuque to capture tax increment revenue from improvements made in the Area in order to promote economic development activities. The Area will be created primarily to facilitate commercial development proposed by McCoy Group, Inc. near the intersection of Highways 151/61 and Twin Valley Road. Before a municipality can exercise the authority conferred by Iowa Code Chapter 403 Urban Renewal, a Resolution of Necessity must be adopted finding that the area being considered for urban renewal district designation is either a slum, blighted or economic development area and that the rehabilitation, conservation, redevelopment, development, or a combination thereof, of the area is necessary in the interest of the public health, safety, or welfare of the residents of the city. DISCUSSION This proposed creation of the Twin Valley Urban Renewal Area will allow the City of Dubuque to capture tax increment revenue from improvements made in the area. The City intends to use a portion of these captured funds to provide tax increment financing rebates under a Development Agreement by and among McCoy Realty Limited Partnership, McCoy Group, Inc., and the City of Dubuque. This proposed $33 million project will create a 78,370 square foot headquarters office and create at least 18 new full-time jobs. Additional funds from the area will pay for needed traffic improvements in the area. The attached Resolution directs staff to prepare a Version 2022.1 Urban Renewal Plan for the Twin Valley Urban Renewal Area, setting forth the Area to be included and the urban renewal projects that are currently expected to be undertaken in the Area. Additionally, staff is required to hold a consultation process, required by law, with the affected taxing entities concerning the proposed Plan. A City Council public hearing on the 2022.1 Urban Renewal Plan will be scheduled for February 6, 2023. The public notice will be published four to twenty days before the meeting to allow for the appropriate publication requirements. This will allow time for preparation of the Plan and the consultation process with the taxing entities. RECOMMENDATION / ACTION STEP I recommend the City Council adopt the attached Resolution of Necessity that begins the process of developing the Urban Renewal Plan for the Twin Valley Urban Renewal Area. The proposed Plan will provide for the continued use of tools that encourage investment and development activities in the Area and support revitalization within the Area and the community at large. 2 Prepared by Jill Connors, Economic Development 1300 Main St Dubuque IA 52001 (563) 589-4393 Return to Adrienne N. Breitfelder, City Clerk, 50 W. IS' St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 393-22 AUTHORIZING AND DIRECTING THE CITY MANAGER TO PREPARE AN URBAN RENEWAL PLAN FOR THE TWIN VALLEY URBAN RENEWAL AREA, SETTING A DATE FOR THE PUBLIC HEARING AND DIRECTING THE CONSULTATION PROCESS ON THE PROPOSED URBAN RENEWAL PLAN FOR SAID DISTRICT WHEREAS, the City Council of the City of Dubuque has determined that the creation of the Twin Valley Urban Renewal Area (the "Area") will stimulate, through public involvement and commitment, private investment in redevelopment activity; and WHEREAS, a proposed public purpose activity has been identified requiring the issuance of urban renewal tax increment revenue grant obligations and infrastructure improvements in the Area; and WHEREAS, Iowa Code Chapter 403 requires that before urban renewal authority may be exercised, a City Council must adopt a resolution of necessity finding that the area in question is a slum, blighted or economic development area, and that so designating such area is necessary in the interest of the public health, safety or welfare of the residents of the municipality. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the proposed Twin Valley Urban Renewal Area, as generally described in Attachment A and Attachment B to this Resolution, is an economic development area as defined by Chapter 403 of the Iowa Code and is appropriate for an urban renewal project. Section 2. That the development of the Twin Valley Urban Renewal Area is necessary and appropriate to facilitate the proper growth and development of the community in accordance with sound planning and local community objectives. Section 3. That the City Manager is authorized and directed to prepare an Urban Renewal Plan for the Twin Valley Urban Renewal Area to include in such Plan any appropriate project activities and details, to forward said Plan to the City's Long Range Planning Commission for review and comment, and to determine an appropriate date for and conduct the consultation process required by law with affected taxing entities concerning the proposed plan. Section 4. That the City Council hold a public hearing on the adoption of the proposed Urban Renewal Plan for the Twin Valley Urban Renewal Area on February 6, 2023 at 6:30 p.m. in the form attached hereto. The notice of said hearing shall generally identify the areas covered by the Plan and the general scope of the urban renewal activities planned for such areas and said notice shall be published in a newspaper having general circulation within the City not fewer than four days nor more than twenty days before the date of said meeting. Section 5. That the Economic Development Department is further directed to send by ordinary mail a copy of said Plan, the notice of public hearing, a notice of consultation, and, to the extent the Plan includes the use of tax increment revenues for a public building, an analysis of alternative development and funding options for such public buildings, to the Dubuque Community School District and the Dubuque County Board of Supervisors, as the affected taxing entities. PASSED, APPROVED and ADOPTED this 19th Day of December, 2022. ATTEST: ��JJ �^ (�tf " ;� �J.Z4 Adrienne N. Breitfelder, City Clerk Calra-nagh, Mayor 4 Attachment B Twin Valley Urban Renewal Area Dated December 15, 2022 District Boundary Description The District shall include the following described area: Lot 2 of Southpark Addition No. 1, in the City of Dubuque Iowa; and All of the right of way of Southpark Court as shown on the Final Plat of Southpark Addition No. 1, in the City of Dubuque Iowa; and Lot 2-3-3 of Southpark Addition No. 1, in the City of Dubuque Iowa; and Lot 1 of Southpark Addition No. 2, in the City of Dubuque Iowa; and Lot 2 of Southpark Addition No. 2, in the City of Dubuque Iowa; and Lot 1 and Lot 2 of Gudenkauf Place, in the City of Dubuque Iowa; and All of the right of way of Twin Valley Drive lying between the southerly extension of the easterly line of Lot 1-3 of Southpark Addition No. 1 and the southerly extension of the easterly line of Lot 2 of Southpark Station No. 2, in the City of Dubuque, Iowa. CITY OF DUBUQUE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on the 6t" day of February, 2023, at 6:30 p.m. in the Historic Federal Building, 350 W. 6th Street, 2nd floor, Dubuque, Iowa. At said meeting the City Council will consider a proposed Urban Renewal Plan (the "Plan") for the Twin Valley Urban Renewal Area ("the Area"). The official agenda will be posted the Friday before the meeting and will contain public input options. The City Council agenda can be accessed at https://cityofdubuque.novusagenda.com/AgendaPublic/ or by contacting the City Clerk's Office at 563-589-4100, ctyclerk _cityofdubugue.org. The proposed Plan, if approved, would allow for the capturing of property tax revenue in the Area to fund public infrastructure improvements and urban renewal tax increment revenue grant obligations. At the meeting, the City Council will receive oral and written comments from any resident or property owner of said City to the above action. Written comments regarding the proposed Plan may be submitted to the City Clerk's Office on or before said time of public hearing. Copies of supporting documents for the public hearing are on file in the City Clerk's Office, 50 W. 13t" Street, and may be viewed during normal working hours. Agendas can be accessed at https://www.cityofdubugue.org/Agendas. Individuals with limited English proficiency, vision, hearing or speech impairments or requiring special assistance should contact the City Clerk's Office at (563) 589-4100, TDD/TTY (563) 690-6678, ctyclerk@cityofdubuque.org as soon as feasible. Deaf or hard - of -hearing individuals can use Relay Iowa by dialing 711 or (800) 735-2942. Published by order of the City Council given on the 19t" day of December 2022. Adrienne N. Breitfelder, City Clerk