Resolution of Adoption for the Proposed Urban Renewal Plan for the Twin Valley Urban Renewal Area_Hearing Copyrighted
February 6, 2023
City of Dubuque Public Hearings # 01.
City Council Meeting
IT EM T IT LE: Resolution of Adoption for the Proposed Urban Renewal Plan for the
Twin Valley Urban Renewal Area
SUM MARY: Proof of publication on notice of public hearing to consider City Council
adopt the attached Resolution of Adoption for the Urban Renewal Plan
for the Twin Valley Urban Renewal Area, and City
Manager recommending approval.
RESOLUTION Approving an Urban Renewal Plan for the Twin Valley
Urban Renewal Area
SUGGESTED Suggested Disposition: Receive and File;Adopt Resolution(s)
DISPOSITION:
ATTACHMENTS:
Description Type
MVM Memo City Manager Memo
Staff Memo Staff Memo
Resolution Resolutions
Urban Renewal Plan Supporting Documentation
Attachment A- Map Supporting Documentation
Attachment B-1 Supporting Documentation
Attachment B-2 Supporting Documentation
Attachment C Supporting Documentation
Attachment D Supporting Documentation
Consultation Minutes Supporting Documentation
LRPAC Recommendation Supporting Documentation
Dubuque
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Resolution of Adoption for the Proposed Urban Renewal Plan for the Twin
Valley Urban Renewal Area
DATE: February 1, 2023
Economic Development Director Jill Connors is recommending City Council adopt the
attached Resolution of Adoption for the Urban Renewal Plan for the Twin Valley Urban
Renewal Area. The proposed Plan will provide for the use of tools that encourage
investment and development activities in the Area and support revitalization within the
Area and the community at large.
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.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
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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 ' ' 1300 Main Street
All-America City Dubuque,lowa 52001-4763
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TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
SUBJECT: Resolution of Adoption for the Proposed Urban Renewal Plan for the Twin
Valley Urban Renewal Area
DATE: January 30, 2023
INTRODUCTION
This memorandum presents for City Council consideration a Resolution of Adoption for
an Urban Renewal Plan for the proposed Twin Valley Urban Renewal Area ("Area"). The
proposed Urban Renewal Plan will include a project under the public purpose activities,
namely, a commercial development to be undertaken by McCoy Group, Inc.
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 including public street infrastructure improvements.
In accordance with lowa Code Chapter 403 Urban Renewal, the Dubuque City Council
adopted a Resolution of Necessity (Res. No. 393-22) on December 19, 2022 finding that
the area being considered for urban renewal district designation is an 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 between 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.
A consultation process was conducted with the affected taxing entities as required by
Chapter 403.5 of the lowa code. Prior to the meeting, the affected taxing entities were
mailed copies of the Urban Renewal Plan and the Notice of Public Hearing. The required
consultation to discuss, question, or object to the findings in these documents was held
Tuesday, December 27, 2022. No written objections or recommended changes to the
Urban Renewal Plan were received.
On January 18, 2023 information on the Plan was presented to the Long Range Planning
Advisory Commission as required by State Code. By a vote of 5-0 the Commission
recommends approval of the urban Renewal Plan for the creation of the Twin Valley
Urban Renewal Area, as it is consistent with the 2017 Imagine Dubuque Comprehensive
Plan.
On January 20, 2023 the notice of public hearing was published to allow the appropriate
publication requirements for the proposed Urban Renewal Plan.
RECOMMENDATION /ACTION STEP
I recommend that following the public hearing, the City Council adopt the attached
Resolution of Adoption for the Urban Renewal Plan for the Twin Valley Urban Renewal
Area. The proposed Plan will provide for the 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 ED City of Dubuque 50 W. 1311 St Dubuque IA 52001 (563) 589-4393
Return To: Adrienne N. Breitfelder, City Clerk, City of Dubuque 50 W. 1311 St. Dubuque, IA 52001 (563) 589-4121
RESOLUTION NO. 35-23
APPROVING AN URBAN RENEWAL PLAN FOR THE TWIN VALLEY URBAN
RENEWAL AREA
Whereas, by Resolution 393-22 on December 19, 2022, the City Council of the
City of Dubuque, Iowa authorized the preparation of an Urban Renewal Plan for the Twin
Valley Urban Renewal Area (the "District"); and
Whereas, the City of Dubuque's primary objective for the Urban Renewal Plan is
to provide opportunities which will further economic development purposes and objectives
in the District; and
Whereas, a consultation process has been undertaken with affected taxing entities
in accordance with Chapter 403 of the Code of Iowa with no written objections or
recommended changes to the Urban Renewal Plan received; and
Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa,
has held a public hearing on the proposed Urban Renewal Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the Urban Renewal Plan for the Twin Valley Urban Renewal Area,
on file in the City Clerk's Office and made reference to herein, is hereby approved.
Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized
and directed to file a certified copy of this Resolution in the office of the Dubuque
County Auditor.
Passed, approved and adopted this 61' day of February, 2023.
Brad M. Cavanagh
Mayor
Attest:
f
Adrienne N. Breitfelder
City Clerk
Twin Valley Urban Renewal Area
URBAN RENEWAL PLAN
Twin Valley Urban Renewal Area
City of Dubuque, Iowa
Version 2023.1
This Twin Valley Urban Renewal Plan provides for the development of the Twin Valley
Urban Renewal Area. This Twin Valley Urban Renewal Plan was authorized by
Resolution 35-23 of the City Council of the City of Dubuque, Iowa on February
6, 2023.
Prepared by the Economic Development Department.
1
TABLE OF CONTENTS
A. INTRODUCTION .................................................................................................. 3
B. DESCRIPTION OF THE URBAN RENEWAL AREA............................................ 3
C. AREA DESIGNATION .......................................................................................... 3
D. BASE VALUE ....................................................................................................... 3
E. DEVELOPMENT PLAN/ZONING ......................................................................... 3
F. PLAN OBJECTIVES............................................................................................. 4
G. TYPES OF RENEWAL ACTIVITIES..................................................................... 5
H. ELIGIBLE URBAN RENEWAL PROJECT(S)....................................................... 6
I. FINANCIAL DATA................................................................................................ 7
J. URBAN RENEWAL FINANCING.......................................................................... 8
K. PROPERTY ACQUISITION/DISPOSITION.......................................................... 9
L. RELOCATION ...................................................................................................... 9
M. STATE AND LOCAL REQUIREMENTS............................................................... 9
N. URBAN RENEWAL PLAN AMENDMENTS ......................................................... 9
O. EFFECTIVE PERIOD........................................................................................... 9
P. SEVERABILITY CLAUSE................................................................................... 10
ATTACHMENTS
A. URBAN RENEWAL AREA MAP.............................................................................
B. LAND USE MAPS ..................................................................................................
B-1 - Existing Land Use Map..................................................................................
B-2 - Proposed Land Use Map ...............................................................................
C. LIST OF GENERAL OBLIGATION DEBT ..............................................................
D. LEGAL DESCRIPTION OF AREA..........................................................................
2
A. INTRODUCTION
This Urban Renewal Plan ('Plan" or "Urban Renewal Plan") for the Twin Valley Urban
Renewal Area ("Area" or "Urban Renewal Area") has been developed to help local
officials promote economic development in the City of Dubuque (the "City"). The primary
goal of the Plan is to stimulate, through public involvement and commitment, private
investment in new commercial development.
In order to achieve this objective, the City intends to undertake urban renewal activities
pursuant to the powers granted to it under Chapter 403 and Chapter 15A of the Code of
Iowa. as amended.
B. DESCRIPTION OF THE URBAN RENEWAL AREA
The Urban Renewal Area is illustrated in Attachment A and described in Attachment D.
The City reserves the right to modify the boundaries of the Urban Renewal Area at some
future date.
C. AREA DESIGNATION
With the adoption of this Plan, the City designates this Urban Renewal Area as a mixed
area for the promotion of economic development. The City Council has determined that
a need exists for redevelopment of the Urban Renewal Area in order to enhance
economic development activities.
By Resolution No.35-23 adopted February 6, 2023 the City Council declared that these
factors have impaired the sound growth of the Urban Renewal Area.
D. BASE VALUE
If the Urban Renewal Area is legally established, a Tax Increment Financing ("TIF")
ordinance is adopted, and debt is certified prior to December 1, 2023, the taxable
valuation within the area included in the TIF Ordinance as of January 1, 2022 will be
considered the frozen "base valuation." If debt is not certified until a later date or if a TIF
ordinance is not adopted until a later date, the "base value" will be the assessed value of
the taxable property within the TIF ordinance area as of January 1 of the calendar year
preceding the calendar year in which the City first certifies the amount of any debt on the
Urban Renewal Area.
E. DEVELOPMENT PLAN/ZONING
3
The City has a general plan for the physical development of the City as a whole outlined
in the 2017 City of Dubuque Comprehensive Plan that was adopted by the City Council
on September 18, 2017. The goals and objectives of this Plan, including the urban
renewal projects, are in conformity with the City's Comprehensive Plan. In addition to the
City's Comprehensive Plan, the planning criteria to be used to guide the physical
development of the Urban Renewal Area are those standards and guidelines contained
within the City of Dubuque's Zoning Ordinance and other applicable local, state, and
federal codes and ordinances.
Land use maps (Attachments B-1 and B-2) identify the existing and proposed land uses
within the Urban Renewal Area. This Plan does not in any way replace or modify the
City's current land use planning or zoning regulation process.
The need for improved traffic, public transportation, public utilities, recreational and
community facilities, or other public improvements within the Urban Renewal Area is set
forth in this Plan. As the Urban Renewal Area develops, the need for public infrastructure
extensions and upgrades will be evaluated and planned for by the City.
F. PLAN OBJECTIVES
Renewal activities are designed to provide opportunities, incentives, and sites to promote
new and existing economic development (commercial). More specific objectives for the
development, redevelopment, and rehabilitation within the Urban Renewal Area are as
follows:
1. To achieve a diversified, well-balanced economy providing a desirable
standard of living, creating job opportunities, and strengthening the tax base.
2. To plan for and provide sufficient land for commercial development in a
manner that is efficient from the standpoint of providing municipal services.
3. To provide for the installation of public works and facilities including, but not
limited to, water, sanitary sewer, and other public improvements, which contribute
to the revitalization of the area and to the sound development of the entire City.
4. To encourage commercial growth and expansion through governmental
policies which make it economically feasible to do business.
4
5. To provide a more marketable and attractive investment climate through the
use of various federal, state, and local incentives.
6. To stimulate, through public action and commitment, private investment in
new and existing commercial development.
7. To improve the conditions and opportunities for economic development.
8. To help develop a sound economic base that will serve as the foundation
for future growth and development.
9. To enhance the community by fostering an entrepreneurial climate,
diversifying the local economy, encouraging opportunities for new businesses, and
supporting retention of existing businesses.
10. To provide for the matching share for a variety of local, state, and federal
grants and loans.
G. TYPES OF RENEWAL ACTIVITIES
To meet the objectives of this Plan and to encourage orderly development of the Urban
Renewal Area, the City intends to utilize the powers conferred under Chapter 403 and
Chapter 15A, Code of lowa. General development activities in the Urban Renewal Area
may include:
1. To undertake and carry out urban renewal projects through the execution
of contracts and other instruments.
2. To arrange for or cause to be provided the construction or repair of public
infrastructure including but not limited to streets, curb and gutter, street lighting,
water, sanitary sewer, public utilities, or other facilities in connection with urban
renewal projects.
3. To make loans, forgivable loans, grants, tax rebate payments or other types
of economic development grants or incentives to private persons, local
development organizations, or businesses for economic development purposes on
such terms as may be determined by the City Council.
4. To borrow money and to provide security therefor.
5
5. To acquire or dispose of property. The City does not intend to acquire any
property with the Urban Renewal Area. However, the City reserves the right to
acquire, by negotiation or eminent domain, property rights required for the
construction or reconstruction of streets and public utilities, or any other public
facility or improvement.
6. To acquire property through a variety of ineans (purchase, lease, option,
etc.) and to hold, clear, or prepare the property for redevelopment.
7. To make or have made surveys and plans necessary for the implementation
of this Plan or specific urban renewal projects.
8. To use any or all other powers granted by the Urban Renewal Act to develop
and provide for improved economic conditions for the City.
Nothing herein shall be construed as a limitation on the power of the City to exercise any
lawful power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter
427B, or any other provision of the Code of lowa in furtherance of the objectives of this
Plan.
H. ELIGIBLE URBAN RENEWAL PROJECT(S)
1. Public Improvements
Estimated Cost
Urban Renewal Estimated to be
Project Description Time Period reimbursed by Rationale
tax increment
financing
Resurface asphalt 2025-2026 $43,079.60 Road resurfacing required to
pavement overlay support economic
from of Southpark development projects.
Court from Twin
Valley Drive to the
Facility, including
installation of
sidewalks
6
Complete 2025-2026 $562,216.04 Road resurFacing required to
reconstruction, with support economic
curb and gutter, of development projects
the existing asphalt
concrete portion of
Twin Valley Drive
from the intersection
with Highway 151 to
SouthPark Court,
including installation
of sidewalks (along
approximately 425
feet of roadway from
Southpark Court to
the east).
Total Not to exceed
$605,300
Note: It may be that the above costs will be reduced by the application of state and/or
federal grants or programs; cost-sharing agreements with other entities; or other available
sources of funds.
2. Tax Rebate or other Development Aqreements
a. Development Agreements: The City expects to consider requests for
Development Agreements for projects that are consistent with this Plan, in the
City's sole discretion. Only one such Development Agreement is known at this
time, but based on past history, and dependent on development opportunities and
climate, the City expects to consider a broad range of incentives as authorized by
this Plan, including but not limited to land, loans, grants, tax rebates, infrastructure
assistance and other incentives. The costs of such Development Agreements will
not exceed $3,500,000.
3. Planning, engineering fees (for urban renewal plans), attorney fees, other related
costs to support urban renewal projects and planning.
Project Date Estimated Cost
Fees and costs Undetermined Not to exceed $50,000
4. Planning and administration of this Plan consistent with the provisions of Section
403.6 and Section 403.12 including, but not limited to, staffing and personnel related
�
expenses such as salary incurred by the economic development, engineering, water, and
planning departments and other City personnel related to and supporting economic
development and urban renewal projects within the Urban Renewal Area, in an amount
not to exceed $50,000 annually.
I. FINANCIAL DATA
1. Current constitutional debt limit: $259,297,290
2. Current outstanding general obligation debt: $75,827,582
3. Proposed amount of indebtedness to be incurred: A specific $3,583,508
amount of debt to be incurred for the Eligible Urban Renewal This total does
Projects has not yet been determined. This document is for not include
planning purposes only. The estimated project costs in this financing costs
Plan are estimates only and will be incurred and spent over related to debt
a number of years. In no event will the City's constitutional issuance, which
debt limit be exceeded. The City Council will consider each will be incurred
project proposal on a case-by-case basis to determine if it is over the life of
in the City's best interest to participate before approving an the Urban
urban renewal project or expense. It is further expected that Renewal Area.
such indebtedness, including interest on the same, may be
financed in whole or in part with tax increment revenues
from the Urban Renewal Area. Subject to the foregoing, it is
estimated that the cost of the Eligible Urban Renewal
Projects as described above will be approximately as stated
in the next column:
J. URBAN RENEWAL FINANCING
The City intends to utilize various financing tools such as those described below to
successfully undertake the proposed urban renewal actions. The City has the statutory
authority to use a variety of tools to finance physical improvements within the Urban
Renewal Area. These include:
1. Tax Increment Financing
Under Section 403.19 of the lowa Code, urban renewal areas may utilize the tax
increment financing mechanism to finance the costs of public improvements or economic
development incentives associated with redevelopment projects. Upon creation of a tax
increment district within the Urban Renewal Area, by ordinance, the assessment base is
frozen and the amount of tax revenue available from taxes paid on the difference between
8
the frozen base and the increased value, if any, is segregated into a separate fund for the
use by the City to pay costs of the eligible urban renewal projects. The increased taxes
generated by any new development, above the base value, are distributed to the taxing
entities, if not requested by the City.
2. General Obligation Bonds
Under Division III of Chapter 384 and Chapter 403 of the lowa Code, the City has the
authority to issue and sell general obligation bonds for specified essential and general
corporate purposes, including the acquisition and construction of certain public
improvements within the Urban Renewal Area or incentives for development consistent
with this Plan. Such bonds are payable from the levy of unlimited ad valorem taxes on all
the taxable property within the City. It may be the City will elect to abate some or all of the
debt service on these bonds with incremental taxes from this Urban Renewal Area.
The City may also determine to use tax increment financing to provide incentives such as
cash grants, loans, tax rebates or other incentives to developers in connection with urban
renewal projects for commercial redevelopment, or other urban renewal projects. In
addition, the City may determine to issue general obligation bonds, tax increment revenue
bonds or such other obligations, or loan agreements for the purpose of making loans or
grants of public funds to private businesses located in the Urban Renewal Area.
Alternatively, the City may determine to use available funds for making such loans or
grants for urban renewal projects. In any event, the City may determine to use tax
increment financing to reimburse the City for any obligations or advances.
Nothing herein shall be construed as a limitation on the power of the City to exercise any
lawful power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter
427B, or any other provision of the Code of lowa in furtherance of the objectives of this
Plan.
K. PROPERTY ACQUISITION/DISPOSITION
If property acquisition/disposition by the City becomes necessary to accomplish the
objectives of this Plan, such acquisition/disposition will be carried out, without limitation,
in accordance with the Code of lowa.
L. RELOCATION
9
The City does not expect there to be any relocation required as part of the eligible urban
renewal projects; however, if any relocation is necessary, the City will follow all applicable
relocation requirements.
M. STATE AND LOCAL REQUIREMENTS
All provisions necessary to conform to state and local laws will be complied with by the
City and developers in implementing this Plan and its supporting documents.
N. URBAN RENEWAL PLAN AMENDMENTS
This Plan may be amended from time to time for a variety of reasons, including but not
limited to, change in the area, to add or change land use controls and regulations, to
modify goals or types of renewal activities, to add or change urban renewal projects, or
to amend property acquisition and disposition provisions. The City Council may amend
this Plan in accordance with applicable state law.
O. EFFECTIVE PERIOD
This Plan will become effective upon its adoption by the City Council and will remain in
effect as a Plan until it is repealed by the City Council but not to exceed twenty years from
the calendar year following the calendar year in which the municipality first certifies to the
county auditor the amount of any loans, advances, indebtedness, or bonds which qualify
for payment from the division of revenue provided in section 403.19. At all times, the use
of tax increment financing revenues (including the amount of loans, advances,
indebtedness, or bonds which qualify for payment from the division of revenue provided
in Section 403.19 of the Code of lowa) by the City for activities carried out under the
Urban Renewal Area shall be limited as deemed appropriate by the City Council and
consistent with all applicable provisions of law. The division of revenues shall continue on
the Urban Renewal Area, for the maximum period allowed by law.
P. SEVERABILITY CLAUSE
If any part of the Plan is determined to be invalid or unconstitutional, such invalidity or
unconstitutionality shall not affect the validity of the previously adopted Plan as a whole,
or any part of the Plan not determined to be invalid or unconstitutional.
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City of Dubuque
Summary of Bonded Indebtedness
Date Average Year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30121 FY 2022 FY 2022 6I30/22
General Obligation Bonds
(Essential Corporate Purpose)
Airport New Terminal Furnishings ST20 Refund 2014B 6/2/2021 2.0000% 2026 25,000 25,000 4,901 499 20,099
Airport Improvements Refunding 4/17/2017 3.0000% 2030 282,200 208,900 21,400 6,267 187,500
Airportlmprov-PFCRefunding2012C 6/2/2021 2.0000% 2032 1,353,033 1,353,033 110,547 26,985 1,242,486
Airport Improv-Sales Tax 20%Refunding 2012C 6/2/2021 2.0000% 2032 10,000 10,000 10,000 200 -
Airport Terminal Utility Improv-PFC Refund 2014B 6/2/2021 2.0000% 2034 490,000 490,000 35,000 9,773 455,000
Airport New Terminal Roads/Parking Sales Tax 20% 4/4/2016 2.7896% 2036 635,927 494,930 28,775 13,477 466,155
Building-Conf Center Improv-Sales Tax 20% 6/20/2019 3.0000% 2022 25,076 8,368 8,368 2,482 (0)
Building-Conf Center Energy Improv-FY19 6/20/2019 3.0000% 2027 187,136 141,440 22,848 4,243 118,592
Building 18th Street Improv Sales Tax 20% 3/19/2018 3.0464% 2026 391,913 259,325.00 48,745.00 7,890.00 210,580.00
Building City Hall Brickwork-Sales Tax 20% 6/20/2019 3.0000% 2027 236,448 182,533 27,729.73 8,226.49 154,804
Building Smart Meters Refunding 4/17/2017 3.0000% 2030 45,400 33,600 3,400 1,008 30,200
BuildingFederalBuildingRoof-SalesTax20% 4/4/2016 2.7896% 2035 268,404 208,894 12,145 5,688 196,749
Civic Center Improvements-Sales Tax 20% 6/20/2019 3.0000% 2027 323,146 249,463 37,897 11,243 211,565
Civic Center Chair Platform Section 3-FY19 6/20/2019 3.0000% 2027 59,340 44,850 7,245 1,346 37,605
DICW Expansion-NonTaxable-Refunding 4/4/2016 2.9127% 2023 3,175,000 75,000 40,000 2,250 35,000
DICW Expansion-South Siegert Farm 3/19/2018 3.0464% 2026 239,534 158,498.00 29,793.00 4,822.00 128,705.00
DICW North Siegert Refunding 4/17/2017 3.0000% 2029 1,285,000 910,000 100,000 27,300 810,000
DICW Expansion Consult Refund 2012H 6/2/2021 2.0000% 2032 95,580 95,580 7,788 1,906 87,792
DICW Exp S Siegert Refundin 2012C Taxable 6/2/2021 2.0000% 2032 2,498,375 2,498,375 204,125 49,829 2,294,250
DICW Expansion-South Siegert Farm-Non-taxable 6/20/2019 3.0000% 2032 305,357 266,500 19,459 5,773 247,041
DICWRefund2014CTaxable 6/2/2021 2.0000% 2034 1,145,000 1,145,000 75,000 22,836 1,070,000
DICWChavenelleRoad-FY21 Non-Taxable 6/2/2021 2.0000% 2041 1,265,000 1,265,000 - 25,230 1,265,000
E911 Tower Relocation-Sales Tax 20% 6/20/2019 3.0000% 2027 141,869 109,520 16,638 4,936 92,882
Finance General Ledger Software-FY21 6/2/2021 2.0000% 2041 244,239 244,239 6,655 4,871 237,584
Fire Station#4 Improvements-Gaming 6/20/2019 3.0000% 2027 188,054 134,140 30,454 9,035 103,686
Recreation ST20 10 Yr Refunding 20146 6/2/2021 2.0000% 2025 51,545 51,545 12,695 1,029 38,850
Airport ST20 10 Yr Refunding 2014B 6/2/2021 2.0000% 2025 28,182 28,182 6,941 563 21,241
Building ST20 10 Yr Refunding 2014B 6/2/2021 2.0000% 2025 87,596 87,596 21,573 1,750 66,023
Transit ST20 10 Yr Refunding 2014B 6/2/2021 2.0000% 2025 11,407 11,407 2,809 228 8,598
Fire Station#2 ST20 10 yr Refund 2014B 6/2/2021 2.0000% 2025 91,227 91,227 22,467 1,822 68J60
Park Imp ST20 10 yr Refund 2014B 6/2/2021 2.0000% 2025 35,046 35,046 8,631 700 26,415
Fire Truck Refunding-Debt Service Levy 4/17/2017 3.0000% 2030 951,500 704,600 72,100 21,138 632,500
Fire Station#2 ST20 20 yr Refund 20146 6/2/2021 2.0000% 2034 85,217 85,217 4,051 1,696 81,166
Park Imp ST20 20 yr Refund 20146 6/2/2021 2.0000% 2034 124,780 124,780 5,932 2,483 118,848
Fire Ambulance Replacement 4/17/2017 3.0000% 2030 230,000 170,000 15,000 5,100 155,000
Fire Structural Repairs 5&6/Quick Pump-FY19 6/20/2019 3.0000% 2039 448,875 448,875 13,466 448,875
Fire Ladder/Pumper/HVAC FY21 6/2/2021 2.0000% 2041 810,153 810,153 22,075 16,158 788,078
Fire Ladder&Pumper-FY22 Future 3.1500% 2042 1,582,154 - - 8,329 1,582,154
Franchise Fee Settlement Judgment Bond 4/4/2016 2.9326% 2035 2,830,000 2,175,000 135,000 62,206 2,040,000
GDTIF Kephart's Building-Refunding 4/4/2016 2.9127% 2023 200,000 60,000 30,000 1,800 30,000
GDTIF Library Renovation-Refunding 4/4/2016 2.9127% 2023 1,275,000 395,000 195,000 11,850 200,000
GDTIFCoItsBuildingRenovation 6/20/2019 3.0000% 2039 1,575,000 1,575,000 65,000 47,250 1,510,000
GDTIF-Parks Jackson/Clock Non-Taxable-FY21 6/2/2021 2.0000% 2041 535,000 535,000 - 10,670 535,000
GDTIF-DT Parking Ramp-FY21 6/2/2021 2.0000% 2036 880,167 880,167 17,554 8SQ167
GDTIF Eng Dock Expansion-FY21 6/2/2021 2.0000% 2036 409,833 409,833 - 8,174 409,833
GDTIF DT Parking Ramp-FY22 Future 3.1500% 2042 4,050,000 - 21,321 4,050,000
GDTIF Docks/Prop Acquisition-FY22 Future 3.1500% 2042 1,300,000 6,844 1,300,000
GDTIF Downtown Housing Refunding 4/17/2017 3.0000% 2030 2,120,000 1,605,000 150,000 5Q755 1,455,000
GDTIF Millwork District Refunding 4/17/2017 3.0000% 2030 2,080,000 1,540,000 150,000 46,200 1,390,000
GDTIF-7th SU2-Way Conversion 2012B Refunding 6/2/2021 2.0000% 2031 3,204,576 3,204,576 285,593 63,913 2,918,983
GDTIF-Intermodal 2012A Refunding 6/2/2021 2.0000% 2031 2,545,000 2,545,000 225,000 50,759 2,320,000
GDTIF 5th St Restroom/MFC 2012H Refunding 6/2/2021 2.0000% 2032 1,254,420 1,254,420 102,212 25,019 1,152,208
GDTIF MCIC/ADA ED Refunding 2012F 6/2/2021 2.0000% 2031 140,000 140,000 140,000 2,792 -
GDTIF Wash Neigh Refunding 2012C Taxable 6/2/2021 2.0000% 2032 493,592 493,592 40,328 9,544 453,264
GDTIF 2014C Taxable Refunding 6/2/2021 2.0000% 2034 5,385,000 5,385,000 360,000 107,401 5,025,000
GDTIF 2014B Refunding 6/2/2021 2.0000% 2034 155,000 155,000 10,000 3,091 145,000
Library Improvements-Sales Tax 20% 6/20/2019 3.0000% 2022 39,408 30,422 4,622 1,371 25,501
Library Improvemenls Sales Tax 20%Ref 2012E 6/2/2021 2.0000% 2027 84,526 84,526 13,740 1,685 70,786
Park Improvements-Gaming Refunding 2012E 6/2/2021 2.0000% 2022 44,400 44,400 22,200 8S7 22,200
Date Average Yearof Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30121 FY 2022 FY 2022 6I30/22
Park Improvements Sales Tax 20%Refunding 2012E 6/2/2021 2.0000% 2022 22,136 22,136 22,136 442 -
Park Improvements-Sales Tax 20% 6/20/2019 3.0000% 2027 47,290 36,507 5,546 1,645 30,961
ParkWaterSystemStudyRefunding 4/17/2017 3.0000% 2030 60,000 44,400 4,500 1,332 39,900
Park Ham House-Sales Tax 20% 4/4/2016 2.7896% 2035 200,668 156,176 9,080 4,253 147,096
Park Skate Park(FY 19) 6/20/2019 3.0000% 2027 613,524 463,710.00 74,907.00 13,911.30 388,803.00
Parking Port of Dubuque Parking Ramp 3/19/2018 3.0464% 2026 373,553 247,177.00 46,462.00 7,522.00 200,715.00
Parking Central Ave Ramp Refunding 4/17/2017 3.0000% 2030 6,380,000 4,550,000 505,000 136,500 4,045,000
Parking lowa Street Ramp Improvements 3/19/2018 2.9050% 2031 45,516 36,594.00 3,117.00 1,066.68 33,477.00
Parking Locust Ramp Security Cameras 6/20/2019 3.0000% 2033 126,054 106,626 9,729.73 2,886.49 96,896
Parking Improvements Refunding 2014B 6/2/2021 2.0000% 2034 125,000 125,000 10,000 2,493 115,000
Parking Improvements Taxable Refunding 2014C 6/2/2021 2.0000% 2034 220,000 220,000 15,000 4,388 205,000
Police Software Replacement-Refunding 2012E 6/2/2021 2.0000% 2032 75,600 75,600 37,800 1,510 37,800
Police CAD Software-Gaming Refunding 2014B 6/2/2021 2.0000% 2030 160,000 160,000 15,000 3,191 145,000
Public Works Equipment ST30 Refund 2014B 6/2/2021 2.0000% 2022 45,000 45,000 45,000 899 -
Public Works Equip Refunding 4/17/2017 3.0000% 2030 392,000 290,200 29,700 8,706 260,500
Public Works Radio Replacement-FY18 3/19/2018 2.9077% 2028 110,000 77,802 10,732 2,227 67,070
PW Curb Ramp/Engineering Street Improv Ref 2014B 6/2/2021 2.0000% 2034 885,000 885,000 55,000 17,650 830,000
Recreation Improvements-Sales Tax 20% 6/20/2019 3.0000% 2022 4,082 1,362 1,362 404 (0)
RecreationlmprovementsST2010yrrefund2014B 6/2/2021 2.0000% 2025 51,545 51,545 12,695 1,029 38,850
Rec Improvements Sales Tax 20%Refunding 2012E 6/2/2021 2.0000% 2028 7,572 7,572 1,050 151 6,522
Sanitary Improvements Refunding 4/17/2017 3.0000% 2030 660,000 490,000 50,000 14,700 440,000
SanitarySewerlmprovements 3/19/2018 2.9050% 2031 1,030,009 828,132.00 70,548.00 24,138.00 757,584.00
Sanitary Forcemain Refunding 2012E 6/2/2021 2.0000% 2032 376,122 376,122 34,096 7,501 342,026
SanitarySewerlmprovements 6/20/2019 3.0000% 2033 1,124,412 978,699 77,838 23,092 900,861
Sanitary Sewer Improvements Refunding 2014B 6/2/2021 2.0000% 2034 4,390,000 4,390,000 300,000 87,556 4,090,000
SanitarySewerlmprovements 4/4/2016 2.7896% 2035 2,405,000 1,875,000 115,000 51,006 1,760,000
Solid Waste Collection Refunding 4/17/2017 3.0000% 2030 51,300 38,000 3,900 1,140 34,100
Solid Waste Collection 3/19/2018 2.9050% 2031 27,447 22,068.00 1,880.00 644.00 20,188.00
Solid Waste Collection-FY22 Future 3.1500% 2042 175,000 921 175,000
StormwaterRefunding 4/4/2016 2.9127% 2028 6,270,000 3,040,000 640,000 91,200 2,400,000
StormwaterSalesTaxRevenue -GO 5/19/2014 32309% 2029 7,190,000 7,190,000 323,100 7,190,000
Stormwater Improvements Refunding 4/17/2017 3.0000% 2030 2,015,000 1,475,000 155,000 44,250 1,320,000
Stormwaterlmprovements 3/19/2018 2.9050% 2031 1,714,542 1,378,499.00 117,434.00 4Q180.00 1,261,065.00
Stormwater Improvements Refunding 2012B 6/2/2021 2.0000% 2031 1,115,424 1,115,424 99,407 22,247 1,016,017
Stormwater Improvements Refunding 2012E 6/2/2021 2.0000% 2032 77,131 77,131 6,992 1,538 70,139
Stormwater Improvements 6/20/2019 3.0000% 2033 290,796 251,939 19,459 5,773 232,480
Stormwater Upper Bee Branch&Sponsor SRF GO 4/30/2021 2.0000% 2037 20,426,262 20,426,262 1,176,000 298,469 19,781,398
Streetlight Replacement Refunding-ST 4/17/2017 3.0000% 2030 4,900 3,700 400 111 3,300
Street FEMA Land Buyout-Gaming 6/20/2019 3.0000% 2027 64,901 50,815 8,465 2,511 42,351
Street FibedSidewalk/Lights Refunding RUT 4/17/2017 3.0000% 2030 258,600 191,600 19,600 5,748 172,000
Street Southwest Arterial 3/19/2018 2.9050% 2031 771,557 620,336.00 52,846.00 18,082.00 567,490.00
Street Southwest Arterial-Refunding 2012E 6/2/2021 2.0000% 2032 827,747 827,747 48,467 16,504 779,280
Transit Radio Replacement-FY18 3/19/2018 2.9077% 2028 95,000 67,196 9,268 1,923 57,928
TransitMidtownTransfer-FY19 6/20/2019 3.0000% 2039 216,125 216,125 6,484 216,125
Transit Vehicle Replacement-FY21 6/2/2021 2.0000% 2041 780,609 780,609 21,270 15,569 759,339
WaterSystemlmprovements 3/19/2018 2.9050% 2031 1,155,930 929,373.00 79,173.00 27,090.00 850,200.00
Water Improv Refunding 2012E 6/2/2021 2.0000% 2032 369,768 369,768 33,520 7,374 336,248
WaterSystemlmprovements 6/20/2019 3.0000% 2033 1,323,107 1,153,106 92,432 27,422 1,060,674
Water System Improvements Refunding 2014B 6/2/2021 2.0000% 2034 7,470,000 7,470,000 510,000 148,985 6,960,000
WaterSystemlmprovements 4/4/2016 2.7896% 2035 635,000 495,000 30,000 13,488 465,000
Total General Obligation Bonds 123,310,864 100,502,810 7,715,694 2,424,919 100,422,407
Tax Increment
Port of Dubuque Parking Ramp(GDTIF) 10/16/2007 7.5000% 2037 23,025,000 18,395,000 635,000 1,379,625 17,760,000
Total TaxlncrementBonds 23,025,000 18,395,000 635,000 1,379,625 17,760,000
40 Main(GDTIF) 8/6/2009 2020 690,529 46,030 46,030 2,855 -
Total Tax Increment Nofes 690,529 46,030 46,030 2,855 -
Total Taxlncrement 23,715,529 18,441,030 681,030 1,382,480 17,760,000
Tax Increment
Economic Development TIF Rebate Apreements
Medline (DICW) 11/19/2007 Rebate 2019 1,600,279 - 150,680 - 150,680
Hodge(DICW) 4/6/2020 Rebate 2035 32,795 32,795 31,111 - 31,111
FaleyProperties(DICW) 2/7/2011 Rebate 2022 904,638 101,121 101,121 - -
Date Average Year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30121 FY 2022 FY 2022 6I30/22
GreenlndustrialSupply(DICW) 8/15/2011 Rebate 2023 2,908,812 337,462 168,731 - 168,731
Tri-State Quality Metals(DICW)Non-Appropriation 3/17/2014 Rebate 2026 32,510 59,452 59,452 - 59,452
Roasting Solutions(DICW)Non-Appropriation 1/14/2016 Rebate 2028 33,666 51,351 51,351 - 51,351
Rite Hite(DICW)Non-Appropriation 1/14/2017 Rebate 2030 24,190 72,555 76,210 - 72,555
HormelFoods (DICW)(100%2021/40%2026) 4/21/2008 Rebate 2026 8,250,067 3,168,920 633,784 - 2,535,136
Victory Cafe 756 Main SL(GDTIF) 6/21/2010 Rebate 2022 87,053 6,341 6,341 - -
Flexsteel(GDTIF) 4/18/2011 Rebate 2024 2,020,572 563,862 187,954 - 375,908
The Rose(Lake Ridge) 9/26/2011 Rebate 2024 136,014 53,445 17,815 - 35,630
Linseed Oil(GDTIF)Multi-Res 3/7/2013 Rebate 2030 576,504 146,720 18,340 - 128,380
Rousselot(GDTIF)(Non-Appropriation) 1/22/2013 Rebate 2025 4,931 13,243 13,243 - 13,243
METX-Lamar Building(GDTIF)(Non-Appropriation) 10/12/2017 Rebate 2031 75,660 71,982 71,982 - 71,982
Marquette Hall(Non-Appropriation) 5/20/2019 Rebate 2031 9,170 8,690 8,690 - 8,690
3 Amigos(Non-Appropriation) 4/15/2019 Rebate 2031 2,516 2,306 2,306 - 2,306
210 Jones(Non-Appropriation) 6/19/2017 Rebate 2031 10,348 9,739 9,739 - 9,739
Dimensional Brewing (Non-Appropriation) 8/6/2018 Rebate 2023 10,678 10,055 10,055 - 10,055
Prairie Farms Dairy(Non-Appropriation) 3/18/2019 Rebate 2031 5,626 5,347 5,347 - 5,347
Julien Hotel(GDTIF) 4/21/2008 Rebate 2026 3,260,286 1,065,385 213,077 - 852,308
44 Main(GDTIF)Multi-Res 10/18/2010 Rebate 2027 446,799 147,378 24,563 - 122,815
Barker Financial(GDTIF)Multi-Res 8/16/2010 Rebate 2027 297,282 56,487 15,525 - 40,962
253 Main St.(GDTIF)(Non-Appropriation) 4/6/2015 Rebate 2027 5,798 3,226 3,226 - 2,223
Spahn and Rose (GDTIF)(Non-Appropriation) 4/21/2014 Rebate 2027 108,221 101,325 101,325 - 101,325
Franklin Investment-Multires(GDTIF) 4/4/2011 Rebate 2028 437,225 156,760 31,405 - 125,355
Plastic Center Betty Jane Block(GDTIF) 2/7/2011 Rebate 2028 148,957 33,003 8,268 24,735
Caradco(GDTIF)Mutti-Res 3/21/2011 Rebate 2028 1,499,442 677,024 114,116 - 562,908
Bonson 356 Main St.(GDTIF)Multi-Res 12/19/2011 Rebate 2028 152,286 39,549 8,320 - 31,229
Roshek Building(GDTIF)(Non-Appropriation) 2/17/2009 Rebate 2030 5,149,852 282,250 282,250 - 252,250
Novelty Iron Works(GDTIF)(Non-Approp)Multi-Res 6/17/2013 Rebate 2031 33,105 165,397 165,397 - 156,208
Smokestack(GDTIF)(Non-Approp) 6/17/2018 Rebate 2022 1,623 746 746 - -
Rockfarm Holdings(TECH)Non-Appropriation 10/7/2014 Rebate 2027 42,301 39,184 39,184 - 39,184
TotaITlFRebates 28,309,206 7,483,100 2,631,654 - 6,071,798
General Funded Leases Various Various On-going 194,160 155,000 100,000
Other Loans-Revenue Backed
Bowling&Beyond Lease Buyout(GDTIF) 10/15/2012 Lease Buyout 2032 1,000,000 550,000 50,000 - 500,000
lowa Finance Authority Loan-Caradco 12/1/2010 3.0000% 2030 4,500,000 3,198,363 224,974 93,958 2,973,389
TotalOtherLns-RevBacked 5,500,000 3,748,363 274,974 93,958 3,473,389
TotalCitylndebtedness Subjectto DebtLimit 181,029,759 111,334,110 11,306,352 3,901,356 109,522,364
Revenue Bonds
Parking Bricktown Parking Lo[ 7/21/2008 5.00% 2023 40Q000 88,787 34,205 4,017 54,582
Sanitary Northfork Calfish Improvemen[s SRF 1/13/2010 3.25% 2031 912,000 483,000 47,000 15,697 436,000
Sanitary Wa[er&Resource Recovery Upgrade SRF 8/1S/2010 325% 2039 74,285,000 55,423,000 2,588,000 1,108,459 52,835,000
SanitaryWRRCCogenerationSRF 5/17/2013 2.00% 2033 3,048,000 1,972,000 147,000 39,440 1,825,000
Sanitary Kerper Boulevard&Sponsor SRF 3/S/2019 1.00% 2038 2,763,000 2,285,537 125,000 22,905 2,275,907
Sanitary Projects Planning-FY21 SRF Future 2.0000% 2043 1,480,000 14,482 - - 1,480,000
SanitaryProjects-FY22 Future 2.0000% 2042 1,231,000 1,231,000
SanitaryProjects-FY22 Future 2.0000% 2042 5,170,303 - 17,282 5,170,303
Stormwater Lower Bee Branch Res[oration SRF 10/27/2010 325% 2041 7,85Q000 6,013,000 218,000 195,422 5,795,000
Stormwater Lower Bee Branch SRF-Es[ima[ed 9/1/2014 2.00% 2034 1,029,000 217,000 16,000 4,340 201,000
Stormwater Northfork Catfish Improv.SRF 1/13/2010 325% 2031 800,000 423,000 41,000 13,748 382,000
Stormwater Sales Tax Increment Revenue Bond 6/15/2015 3.72% 2031 20,800,000 20,800,000 - 762,650 20,800,000
Stormwater Upper Bee Branch RR SRF 6/7/2019 2.00% 2040 16,382,000 12,154,573 688,000 305,951 15,020,000
Stormwater West32nd De[ention Basin SRF 1/14/2009 325% 2028 1,847,000 778,000 101,000 25,285 677,000
Wa[er Roosevelt Wa[er Tower SRF S/9/2019 2.00% 2040 4,400,000 4,214,000 185,000 84,381 4,034,000
Wa[erCIWAPurchase&Improvements 7/7/2017 2.00% 2036 10,198,000 6,546,761 501,000 172,920 7,075,761
Water-CIWAContractPurchase 12/28/2016 3.00% 2022 5,000,000 1,000,000 1,000,000 30,000 -
Water-ClearWellReservoirs SRF 10/18/2007 325% 2028 915,000 387,000 50,000 7,739 337,000
Date Average Year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30121 FY 2022 FY 2022 6I30/22
Water Meter Change Out Program SRF 2/12/2010 325% 2031 6,394,000 3,674,000 317,000 119,502 3,357,000
WaterSystem Improvements&Ext 11/4/2008 4.71% 2023 1,195,000 215,000 105,000 10,698 110,000
Water System Improvements&Ext 8/16/2010 3.54% 2030 5,700,000 3,610,000 250,000 137,250 3,360,000
TotalRevenueBonds 171,799,303 120,299,140 6,413,205 3,077,686 126,456,553
TotalCitylndebtedness 352,829,062 250,585,043 17,719,557 6,979,042 254,284,147
Statutory Debt Limit 239,298,248 241,616,084
%of Debt Limit Used 46.53% 45.33%
Remaining Debt Capacity 127,964,138 732,093,720
Attachment D
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 lowa; 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 lowa; and
Lot 2-3-3 of Southpark Addition No. 1, in the City of Dubuque lowa; and
Lot 1 of Southpark Addition No. 2, in the City of Dubuque lowa; and
Lot 2 of Southpark Addition No. 2, in the City of Dubuque lowa; and
Lot 1 and Lot 2 of Gudenkauf Place, in the City of Dubuque lowa; 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, lowa.
MINUTES
CONSULTATION WITH AFFECTED TAXING BODIES for the URBAN RENEWAL
PLAN 2023.1 for the Twin Valley Urban Renewal Area:
Tuesday, December 27, 2022 at 2:00 p.m.
GoToMeeting Conference Line
Line Number: (872) 240-3212
Access Code: 464-400-269
Meeting Commenced: 2:00 p.m.
Present: No representatives from the taxing bodies were in attendance.
Meeting Adjourned: 2:30 p.m.
.
Jill M. Connors
Economic Development Director, City of Dubuque
Dubuque Planning Services Department
THE CTTY OF � City Hall - 50 West 13t" Street
��-��eiE� Dubuque, IA 52001-4845
�u� E � � (563) 589-4210 phone
I � � � (563) 589-4221 fax
zoo�•zoiz•zo�3 (563) 690-6678 TDD
MGiSt�Y�1T2Ce OYl tIZ� MTSSISS1�1�11 2017+►2�19
planninq(a�citvofdubuque.orq
January 19, 2023
The Honorable Mayor and City Council
City of Dubuque
50 W. 13t" Street
Dubuque, IA 52001
SUBJECT: Creation of the Twin Valley Urban Renewal District
Dear Mayor and City Council Members:
Introduction
The Long Range Planning Advisory Commission has reviewed the proposed Urban Renewal
Plan for the Twin Valley Urban Renewal District for consistency with the 2017 Imagine Dubuque
Comprehensive Plan in accordance with Section 15-2-13G of the City Code. This review took
place at a regular meeting of the Commission on January 18, 2023.
Backqround
On December 19, 2022, the City Council approved a Resolution of Necessity finding that the
proposed area was an economic development area and appropriate for urban renewal activities.
Staff prepared an Urban Renewal Plan for the area as per the directive of the City Council.
State Code requires the planning commission of a community to review the proposed plan and
make a recommendation to the City Council. lan Hatch, Assistant Economic Development
Director, attended the Long Range Planning Advisory Commission meeting and presented
information provided by Jill Connors, Economic Development Director, for the proposed plan for
the Twin Valley Urban Renewal District.
Discussion
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 and related road improvements along Southpark Court.
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 reimburse itself for certain public
infrastructure improvements required under a Development Agreement by and between
the City of Dubuque, lowa and McCoy Group, Inc.
The property is owned by the McCoy Group, Inc. and is currently zoned C-3 which is in
alignment with the proposed commercial development.
Service People Integrity Responsibility Innovation Teamwork
It is appropriate to consider this property as part of the City of Dubuque's Urban Renewal
Program.
lan Hatch outlined the ways the proposed urban renewal plan aligns with the Comprehensive
Plan, including:
• "Continue to concentrate commercial uses with a regional draw along major
transportation corridor..." and to "Be responsive to market demands and the needs of
residents by providing key retail and employment centers."
• "Continue ongoing efforts to diversify Dubuque's economy, including all sectors and all
employment types and categories."
The Commission reviewed the urban revitalization plan and found it to be consistent with the
2017 Imagine Dubuque Comprehensive Plan.
Recommendation
By a vote of 5-0, the Commission recommends approval of the Urban Renewal Plan for the
creation of the Twin Valley Urban Renewal District, as it is consistent with the 2017 Imagine
Dubuque Comprehensive Plan. A friendly amendment to the motion recommended a revision
on the proposed land use plan map to change "public open space" to "open space."
Respectfully submitted,
1 �
1
���',� � �-1- �'� c__i -e t �
Alan Vincent, Chairperson
Long Range Planning Advisory Commission
cc: Jill Connors, Economic Development Director
Service People Integrity Responsibility Innovation Teamwork
1
Adrienne Breitfelder
From:Adrienne Breitfelder
Sent:Tuesday, February 7, 2023 2:48 PM
To:Kevin Dragotto
Cc:Jill Connors; Ian Hatch
Subject:City of Dubuque Twin Valley Urban Renewal Area
Attachments:Resolution No. 35-23 - Urban Renewal Plan for the Twin Valley Urban Renewal Area.pdf
Hello Kevin,
Attached is a certified copy of Resolution No. 35-23 Approving an Urban Renewal Plan for the Twin Valley Urban
Renewal Area.
Thank you,
Adrienne Breitfelder, CMC (she/her)
City Clerk | City of Dubuque
City Hall | 50 W. 13th Street
Dubuque, Iowa 52001
O: 563-589-4121 | C: 563-581-6473
Prepared By: Jill Connors ED City of Dubuque 50 W. 1311 St Dubuque IA 52001 (563) 589-4393
Return To: Adrienne N. Breitfelder, City Clerk, City of Dubuque 50 W. 1311 St. Dubuque, IA 52001 (563) 589-4121
RESOLUTION NO. 35-23
APPROVING AN URBAN RENEWAL PLAN FOR THE TWIN VALLEY URBAN
RENEWAL AREA
Whereas, by Resolution 393-22 on December 19, 2022, the City Council of the
City of Dubuque, Iowa authorized the preparation of an Urban Renewal Plan for the Twin
Valley Urban Renewal Area (the "District"); and
Whereas, the City of Dubuque's primary objective for the Urban Renewal Plan is
to provide opportunities which will further economic development purposes and objectives
in the District; and
Whereas, a consultation process has been undertaken with affected taxing entities
in accordance with Chapter 403 of the Code of Iowa with no written objections or
recommended changes to the Urban Renewal Plan received; and
Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa,
has held a public hearing on the proposed Urban Renewal Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the Urban Renewal Plan for the Twin Valley Urban Renewal Area,
on file in the City Clerk's Office and made reference to herein, is hereby approved.
Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized
and directed to file a certified copy of this Resolution in the office of the Dubuque
County Auditor.
Passed, approved and adopted this 61' day of February, 2023.
Brad M. Cavanagh
Mayor
Attest:
f
Adrienne N. Breitfelder
City Clerk
STATE OF IOWA SS:
DUBUQUE COUNTY
CERTIFICATE OF PUBLICATION
I, Kathy Goetzinger, a Billing Clerk for Woodward
Communications, Inc., an Iowa corporation, publisher
of the Telegraph Herald, a newspaper of general
ci.cuuuion published in the City of Dubuque, County
of Dubuque and State of Iowa; hereby certify that the
attached notice was published in said newspaper on the
following dates:
01/20/2023
and for which the charge is 32.67
Subscribed to before me, a Notary Publi n and for
Dubuque County, Iowa,
this 20th day of January, 2023
4� pe�� -
Notary P bl c in and for Dubuque County, Iowa.
JANET K, PAPE
Commission Number 199059
My Commission Expires
row• 12/11/2025
Ad text : 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 6th
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@cityofdubuque.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. 13th Street, and may be
viewed during normal working hours. Agendas can be accessed
at https://www.cityofdubuque.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, ctyclerkQcityofdubuque.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 19th day
of December 2022.
Adrienne N. Breitfelder, City Clerk
It 1/20