Tax Increment Ordinance for the Switch Homes Housing Urban Renewal AreaCity of Dubuque
City Council Meeting
Action Items # 02.
Copyrighted
July 5, 2023
ITEM TITLE: Tax Increment Ordinance for the Switch Homes Housing Urban Renewal
Area
SUMMARY: City Manager recommending City Council approval of an ordinance
attached hereto for the Switch Homes Housing Urban Renewal Area.
ORDINANCE Providing that general property taxes levied and collected
each year on all property located within the Switch Homes Housing Urban
Renewal Area, in the City of Dubuque, County of Dubuque, State of
Iowa, by and for the benefit of the State of Iowa, City of Dubuque,
County of Dubuque, Dubuque Community School District and other
taxing districts, be paid to a special fund for payment of principal and
interest on loans, monies advanced to and indebtedness, including
bonds issued or to be issued, incurred by said city in connection with said
Switch Homes Housing Urban Renewal Area
SUGGESTED Suggested Disposition: Receive and File; Motion B; Motion
DISPOSITION:
ATTACHMENTS:
Description
Type
MVM Memo
City Manager Memo
Staff Memo
Staff Memo
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
Ordinance
Ordinance
THE C
Dubuque
DUj!BQTE
WAWca 914
Masterpiece an the Mississippi
YP pp
aoo�•o 13
Z017*20*2019
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Tax Increment Ordinance for the Switch Homes Housing Urban Renewal Area
DATE: June 28, 2023
Economic Development Director Jill Connors is recommending City Council approval of an
ordinance attached hereto for the Switch Homes Housing Urban Renewal Area. Tax increment
financing is an important tool for economic development and will be used to assist future public
and private development efforts in the Switch Homes Housing Urban Renewal Area.
The Plan was reviewed by the Long -Range Planning Advisory Commission on June 21, 2023.
The Long -Range Planning Advisory Commission has forwarded its recommendation to the City
Council affirming that the Plan is consistent with the City's Comprehensive Plan for
development.
The proposed Urban Renewal Plan for the Area describes the specific use of tax increment
funds, reflecting the utilization of tax rebates, the construction of public infrastructure, and other
planned expenditures. The primary goal of the Plan is to stimulate, through public involvement
and commitment, private investment in new housing and residential development as defined by
the Iowa Code Section 403.17(12). This proposed Area would result in improved roads and
utilities in the Area, as well as funding to assist with Low Moderate Income family housing
anywhere within the City at large.
With the 10-year life of the Area, it is projected to generate approximately $6,981,771 in
increment with $2,660,055 going to affordable housing throughout the community and
$4,321,716 going to improvements in the Area. However, the Plan allows for a greater
contribution toward infrastructure or affordable housing in the event the Area would produce
more increment than currently anticipated.
I concur with the recommendation and respectfully request Mayor and City Council approval.
/�IAZ�w 'A A &� . -
v
Mic el 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-li&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: Tax Increment Ordinance for the Switch Homes Housing Urban
Renewal Area
DATE: June 26, 2023
INTRODUCTION
This memorandum transmits for City Council review and approval an ordinance creating
a tax increment financing district for the Switch Homes Urban Renewal Area (Area). The
City Attorney's Office and bond counsel have reviewed the proposed ordinance which is
attached to this memo.
The proposed ordinance authorizes utilization of tax increment financing to allow both
public and private development efforts in the Area.
BACKGROUND
By Resolution 177-23 adopted June 5, 2023, City Council directed City Staff to create a
Switch Homes Housing Urban Renewal Plan related to housing and residential
development. Staff has prepared the Plan for the Area per the directive of the City Council.
A consultation process was conducted with the affected taxing entities as required by
Chapter 403 of the Iowa Code. Prior to the meeting, the taxing entities were mailed copies
of the Plan and the Notice of Public Hearing. The required consultation to discuss,
question, or object to the findings in these documents was held on June 13, 2023. There
were no representatives from the taxing entities in attendance.
The Plan was reviewed by the Long -Range Planning Advisory Commission on June 21,
2023. The Long -Range Planning Advisory Commission has forwarded its
recommendation to the City Council affirming that the Plan is consistent with the City's
Comprehensive Plan for development.
The Notice of Public Hearing was published on June 23, 2023 in accordance with
publication requirements.
The proposed Urban Renewal Plan for the Area describes the specific use of tax
increment funds, reflecting the utilization of tax rebates, the construction of public
infrastructure, and other planned expenditures.
DISCUSSION
The primary goal of the Plan is to stimulate, through public involvement and commitment,
private investment in new housing and residential development as defined by the Iowa
Code Section 403.17(12). This proposed Area would result in improved roads and utilities
in the Area, as well as funding to assist with LMI family housing anywhere within the City
at large.
With the 10-year life of the Area, it is projected to generate approximately $6,981,771 in
increment with $2,660,055 going to affordable housing throughout the community and
$4,321,716 going to improvements in the Area. See attached financial summary.
However, the Plan allows for a much greater contribution toward infrastructure or
affordable housing in the event the Area would produce more increment than currently
anticipated.
Adoption of the ordinance is needed to establish the use of tax increment financing in the
Area. The ordinance authorizes the City to establish a special fund for capturing a portion
of the property tax revenues generated as new development occurs in the Area. All
taxable property located in the Area will continue to pay property taxes based upon the
current tax levies and assessment valuations. Tax revenues collected in excess of the
base amounts will be used to assist in financing future development projects within the
Area, both public and private development, will be used to provide LMI family housing
assistance.
Adoption of the ordinance and certification of debt within the Area prior to December 1,
2024 will establish a base valuation in the Area as of January 1, 2023, being the first day
of the calendar year preceding the certification of debt in the Area.
RECOMMENDATION/ ACTION STEP
I recommend that the City Council approve the ordinance attached hereto for the Switch
Homes Housing Urban Renewal Area. Tax increment financing is an important tool for
2
economic development and will be used to assist future public and private development
efforts in the Switch Homes Housing Urban Renewal Area.
AMENDED and RESTATED
URBAN RENEWAL PLAN
Switch Homes Housing Urban Renewal Area
City of Dubuque, Iowa
Version 2023.1
TABLE OF CONTENTS
A. INTRODUCTION
B. DESCRIPTION OF THE URBAN RENEWAL AREA
C. DISTRICT DESIGNATION
D. BASE VALUE
E. DEVELOPMENT PLAN
F. RESIDENTIAL DEVELOPMENT
G. AREA OBJECTIVES
H. TYPE OF RENEWAL ACTIVITIES
I. PROPOSED PROJECT
J. FINANCIAL DATA
K. PROPERTY ACQUISITION/DISPOSITION
L. RELOCATION
M. STATE AND LOCAL REQUIREMENTS
N. SEVERABILITY
O. URBAN RENEWAL PLAN AMENDENTS
P. EFFECTIVE PERIOD
ATTACHMENTS
A. Urban Renewal District Map
B. Land Use Maps
B-1 Existing Land Use
B-2 Proposed Land Use
C. List of General Obligation Debt
D. Legal Descriptions
-2-
A. INTRODUCTION
This Urban Renewal Plan for the Switch Homes Housing Urban Renewal Area
("Plan" or "Urban Renewal Plan") has been developed to help local officials
promote economic development in the City of Dubuque ("City"). The primary goal
of the Plan is to stimulate, through public involvement and commitment, private
investment in new housing and residential development as defined by the Iowa
Code Section 403.17(12).
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 Switch Homes Housing Urban Renewal Area ("Area" or "Urban Renewal
Area") is illustrated in Attachments A, B-1, and B-2 and described in Attachment
D.
The City reserves the right to modify the boundaries of the Area at some future
date.
C. DISTRICT DESIGNATION
With the adoption of this Plan, the City of Dubuque designates this Urban Renewal
Area as an economic development area that is appropriate for the provision of
public improvements related to housing and residential development.
D. BASE VALUE
If the Switch Homes Housing Urban Renewal Area is legally established and debt
is certified prior to December 1, 2024, the taxable valuation within the Urban
Renewal Area as of January 1, 2023, will be considered the "base valuation." If
debt is not certified until a later date, the "base value" will be the assessed value
of the taxable property in the Urban Renewal Area as of January 1 of the calendar
year preceding the calendar year in which the City first certifies the amount of any
debt.
-3-
E. DEVELOPMENT PLAN
The City Council has approved 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, objectives,
and projects in this Urban Renewal Plan are consistent with the City's
Comprehensive Plan.
The Switch Homes Housing Urban Renewal Area is zoned: R-1 (Single Family
Residential) and R-4 Multi -Family Residential. See Attachment B for details.
This Urban Renewal Plan does not in any way replace the City's current land use
planning or zoning regulation process.
For details on current and proposed land use, see attached land use maps,
Attachments B-1 and B-2.
F. RESIDENTIAL DEVELOPMENT
The City's objective in the Switch Homes Housing Urban Renewal Area is to
promote new housing and residential development.
When the City undertakes a project to provide or aid in the provision of public
improvements related to housing and residential development in an economic
development area, the City must assure that the project will include assistance for
LMI family housing. Unless a reduction is approved by the Iowa Economic
Development Authority, the amount to be provided for LMI housing shall be either
equal to or greater than the percentage of the original project cost that is equal to
the percentage of LMI residents for Dubuque County. LMI families are those whose
incomes do not exceed 80% of the median Dubuque County income. LMI families
include single person households.
The percentage of LMI families living in Dubuque County, as determined by the
U.S. Department of Housing and Urban Development using Section 8 guidelines
is currently 38.1 %. Not less than 38.1 % of incremental revenues will be used by
the City to provide LMI family housing assistance.
The assistance for LMI family housing may be provided anywhere within the City
and may include, but is not limited to:
1. Lots for LMI housing within or outside the urban renewal area;
-4-
2. Construction of LMI housing within or outside the urban renewal area;
3. Grants, credits or other direct assistance to LMI families living within or
outside the urban renewal area, but within the area of operation of the
municipality; and
4. Payments to a LMI housing fund established by the City to be expended
for one or more of the above purposes, including matching funds for any
state or federal moneys used for such purposes.
G. AREA OBJECTIVES
Renewal activities are designed to provide opportunities, incentives, and sites for
new residential development within the district and to provide housing assistance
to LMI families.
More specific objectives for development within the Switch Homes Housing Urban
Renewal Area are as follows:
1. To alleviate and prevent conditions of unemployment and a shortage of
housing; and that it is accordingly necessary to assist and retain local
industries and commercial enterprises to strengthen and revitalize the
economy of the State of Iowa and the City of Dubuque.
2. To stimulate through public action and commitment, private investment in
new residential development.
3. To plan for and provide sufficient land for residential development in a
manner that is efficient from the standpoint of providing municipal services.
4. To help finance the cost of installation of sanitary, storm and combined
sewers by the Developer, installation of fiber conduits and vaults, as well
as other public improvements in support of new housing development.,
5. To provide a more marketable and attractive investment climate.
6. To improve the housing conditions and housing opportunities for LMI
families.
-5-
H. TYPE OF RENEWAL ACTIVITIES
To meet the objectives of this Urban Renewal Plan and to encourage the
development of the Urban Renewal Area, the City intends to utilize the powers
conferred under Chapter 403 and Chapter 15A, Code of Iowa including, but not
limited to, tax increment financing. Activities 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 of public
infrastructure including but not limited to installation of sanitary, storm,
and combined sewers, curb underdrain, fiber conduit, and vaults, and
construction of sidewalk and sidewalk ramps in connection with urban
renewal projects.
3. To finance programs which will directly benefit housing conditions and
promote the availability of housing affordable to LMI persons in the
community.
4. To make loans, grants, or rebates to private persons to promote
housing projects on such terms as may be determined by the City
Council.
5. To borrow money and to provide security therefor.
6. To make or have made surveys and plans necessary for the
implementation of the urban renewal program or specific urban
renewal projects.
7. To use tax increment financing for a number of objectives, including
but not limited to, achieving a more marketable and competitive land
offering price and providing for necessary physical improvements and
infrastructure.
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 of
Dubuque and the State of Iowa.
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 Iowa in
furtherance of the objectives of this Urban Renewal Plan.
-6-
I. PROPOSED PROJECT
The first proposed urban renewal project involves the construction public
improvements related to the creation of residential development in the Area.
Certain of the public improvements are expected to be constructed by the
Developer, with the balance being constructed by the City. The expected public
improvements and their estimated costs are as follows.
Public Improvements Estimated Costs
Sanitary, Storm, & Combined Sewers
Drainage Conduits, Channels, Levees
Grading & Paving
Street Lighting Fixtures including Fiber
$3,227,990
$780,057
$2,571,039
$475,050
Sewer Pump Station
$450,000
Underground Utilities
$473,279
Sidewalks
$638,199
Public Drives
$197,802
Waterworks, Watermains, & Extensions
$1,483,245
Tree Removal
$183,000
Traffic Control
$125,000
Total
$10,604,661
The City expects to provide assistance to the Developer in the form of property tax
rebates of potential incremental taxes, under the terms of a rebate agreement
between the City and the Developer. Under the proposal, some of the incremental
property tax generated from the new houses constructed within the Urban Renewal
Area pursuant to Iowa Code Section 403.19 is expected to be rebated to the
Developer (in an amount not to exceed the Developer's certified costs of
constructing certain of the required public improvements or such other amount as
may be determined by the City Council) for a period of time to be determined by
the City Council. These rebates will not be general obligations of the City but will
be payable solely from incremental property taxes generated by the project.
The City will set aside not less than the required LMI percentage (38.1 %) of the
incremental taxes generated by the project and use those funds to support LMI
family housing anywhere in the community. The remaining incremental taxes will
-7-
be available to the City to distribute in accordance with Iowa Code §403.19.
J. FINANCIAL DATA
1) July 1, 2022, Statutory debt limit: $241,616,084 (see Attachment C)
2) Outstanding general obligation debt for purposes of debt limit:
$109,522,364 (see Attachment C)
3) With the 10-year life of the Urban Renewal Area, it is projected to generate
approximately $6,981,771 in increment with $2,660,055 going to affordable
housing throughout the community and $4,321,716 going to improvements in the
Area. See attached financial summary. However, the Plan allows for a much
greater contribution toward infrastructure in the event the Area would produce
more increment than currently anticipated.
K. PROPERTY ACQUISITION/DISPOSITION
Other than easements and public right-of-ways, no property acquisition by the City
is anticipated at this time. However, if any property acquisition/disposition becomes
necessary to accomplish the objectives of the Plan, urban renewal powers will be
carried out, without limitation, in accordance with the State of Iowa Urban Renewal
Law.
L. RELOCATION
The City does not expect there to be any relocation required of residents or
businesses as part of the proposed 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 in implementing this Urban Renewal Plan and its supporting
documents.
� �+*1 AN 4:7_1 1141 V1
In the event one or more provisions contained in this Urban Renewal Plan, as it
may be amended, shall be held for any reason to be invalid, illegal, unauthorized
or unenforceable in any respect, such invalidity, illegality, lack of authorization or
enforceability shall not affect any other provision of this Urban Renewal Plan, and
this Urban Renewal Plan shall be construed and implemented as if such provisions
had never been contained herein.
O. URBAN RENEWAL PLAN AMENDMENTS
-9-
This Urban Renewal Area Plan may be amended from time to time for a number
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, or to
amend property acquisition and disposition provisions. The City Council may
amend this Plan pursuant to appropriate procedures under Iowa Code Chapter
403.
P. EFFECTIVE PERIOD
This Urban Renewal Plan will become effective upon its adoption by the City
Council and will remain in effect until it is repealed by the City Council.
With respect to the property included within the Switch Homes Housing Urban
Renewal Plan Area, which is also included in an ordinance which designates that
property as a tax increment area and is designated based on an economic
development finding, to provide or to assist in the provision of public improvements
related to housing and residential development, the use of incremental property
tax revenues or the "division of revenue," as those words are used in Chapter 403
of the Code of Iowa, is limited to ten (10) years beginning with the second fiscal
year following the year in which the City first certifies to the County Auditor the
amount of any loans, advances, indebtedness, or bonds which qualify for payment
from the incremental property tax revenues attributable to that property within the
Switch Homes Housing Urban Renewal Area. With consent of all other affected
taxing bodies (by written agreement), the use of incremental property tax revenues
under Iowa Code Section 403.19 can be extended for up to 5 years if necessary
to adequately fund the housing project.
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 Iowa) by the City for
activities carried out under the Switch Homes Housing Urban Renewal Plan shall
be limited as deemed appropriate by the City Council and consistent with all
applicable provisions of law.
-10
ATTACHMENTS
A Urban Renewal District Map
B Land Use Maps
B-1 Existing Land Use
B-2 Proposed Land Use
C List of General Obligation Debt
D Legal Descriptions
City of Dubuque
Summary of Bonded Indebtedness
Description
General Obligation Bonds
rF«antinl r -n-ta P-n-1
Date Average Yearof Amount Principal Principal Interest Principal
of Interest Final of Outstanding Due Due Outstanding
Issue Rate Pavment Issue 6130/21 FY 2022 FY 2022 6130/22
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- PFC Refunding 2012C
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%
1 2030
45,4001
33,600
3,400
1,008
30,200
Building Federal Building Roof - Sales Tax 20%
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 -Non Taxable - 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
DICW Refund 2014C Taxable
6/2/2021
2.0000%
2034
1,145,000
1,145,000
75,000
22,836
1,070,000
DICWChavenelle Road - 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
Tire Station #4Improvements -Gaming
6/20/2019
3.0000%
2027
188,054
134,140
30,454
9,035
103,686
Recreation ST20 10 Yr Refunding 2014B
6/2/2021
2.0000%
2025
51,545
51,545
12,695
1,029
38,850
AirportST2010YrRefunding 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 2014E
6/2/2021
2.0000%
2025
91,227
91,227
22,467
1,822
68,760
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 2014E
6/2/2021
2.0000%
2034
85,217
85,217
4,051
1,696
81,166
Park Imp ST20 20 yr Refund 2014B
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
1 448,875
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 Kepharrs 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
GDTIF Colts Building Renovation
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
880,167
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
1,300,0001
6,844
1,300,000
GDTIF Downtown Housing Refunding
4/17/2017
3.0000%
2030
2,120,000
1,605,000
150,000
50,755
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 St/2-Way Conversion 2012E Refunding
6/2/2021
2.0000%
2031
3,204,576
3,204,576
285,593
63,913
2,918,983
GDTIF -Intermodal2012ARefunding
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
9,844
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
25,801
Library Improvements Sales Tax 20% Ref 2012E
6/2/2021
2.0000%
2027
1 84,526
84,526
13,740
1,,6881
70,786
Park Improvements - Gaming Refunding 2012E
6/2/2021
2.0000%
2022
1 44,400
44,400
22,200
8871
22,200
Date Average Yearof Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
lee��e Ra}u P.vmnnf rAn/71 PY 7n77 Pv 7n77 R/an/77
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
Park Water System Study Refunding
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 Iowa 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 2014E
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 2014E
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)
Recreation Improvements ST20 10 yr refund 2014B
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
Sanitary Sewer improvements
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
Sanitary Sewer Improvements
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
Sanitary Sewer Improvements
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
Stormwater Refunding
4/4/2016
2.9127%
2028
6,270,000
3,040,000
640,000
91,200
2,400,000
Stormwater Sales Tax Revenue - GO
5/19/2014
3.2309%
2029
7,190,000
7,190,000
323,100
7,190,000
Stormwaterimprovements Refunding
4/17/2017
3.0000%
2030
2,015,000
1,475,000
155,000
44,250
1,320,000
Stormwater Improvements
3/19/2018
2.9050%
2031
1,714,542
1,378,499.00
117,434.00
40,180.00
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
ill
3,300
Street FEMA Land Buyout - Gaming
6/20/2019
3.0000%
2027
64,901
50,815
8,465
2,511
42,351
Street Fiber/Sidewalk/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
1 827,747
827,747
48,467
16,5041
779,280
Transit Radio Replacement- FY18
3/19/2018
2.9077%
2028
95,000
67,196
9,268
1,923
57,928
Transit Midtown Transfer -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
Water System Improvements
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
Water System Improvements
6/20/2019
3.0000%
2033
1,323,107
1,153,1061
92,4321
27,422
1,060,674
Water System Improvements Refunding 2014B
6/2/2021
2.0000%
2034
7,470,000
7,470,0001
510,000
148,985
6,960,000
Water System Improvements
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
7,718,694
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 Tax Increment Bonds
1
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 Notes
690,529
46,030
46,030
2,855
-
Total Tax Increment
23,715,529
r 18,441,030
681,030
1,382,480
17,760,000
Tax Increment
Economic Development TIF Rebate Agreements
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
Faley Properties (DICW)
2/7/2011
Rebate
2022
904,638
101,121
101,121
-
-
Date Average Yearof Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
lee��n Rain P.-M lec„n R/3n/71 FV 7n77 Fv 7n77 R/an/77
Green Industrial Supply (DICW)
8/15/2011
Rebate
2023
2,908,812
337,4621
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
Hormel Foods (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 St. (GDTIF)
6/21/2010
Rebate
2022
87,053
6,341
6,341
-
-
Flexsteel(GDTIF)
4/18/2011
Rebate
2024
1 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
1 2027
446,7991
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) Multi -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
-
282,250
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
Total TIF Rebates
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
Iowa Finance Authority Loan - Caradco
12/1/2010
3.0000 %
2030
4,500,000
3,198,363
224,974
93,958
2,973,389
Total Other Lns-Rev Backed
5,500,000
3,748,363
274,974
93,9581
3,473,389
Total City Indebtedness Subject to Debt Limit
181,029,759
111,334,110
1 11,306,352
3,901,356
109,522,364
Revenue Bonds
Parking Bricktown Parking Lot
7/21/2008
5.00%
2023
400,000
88,787
34,205
4,017
54,582
Sanitary Northfork Catfish Improvements SRF
1/13/2010
3.25%
2031
912,000
483,000
47,000
15,697
436,000
Sanitary Water& Resource Recovery Upgrade SRF
8/18/2010
3.25%
2039
74,285,000
55,423,000
2,588,000
1,108,459
52,835,000
Sanitary WRRC Cogeneration SRF
5/17/2013
2.00%
2033
3,048,000
1,972,000
147,000
39,440
1,825,000
Sanitary Kerper Boulevard & Sponsor SRF
3/8/2019
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
Sanitary Projects -FY22
Future
2.0000%
2042
1,231,000
1,231,000
Sanitary Projects- FY22
Future
2.0000%
2042
5,170,303
-
17,282
5,170,303
Stormwater Lower Bee Branch Restoration SRF
10/27/2010
3.25%
2041
7,850,000
6,013,000
218,000
195,422
5,795,000
Stormwater Lower Bee Branch SRF- Estimated
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
3.25%
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 West 32nd Detention Basin SRF
1/14/2009
3.25%
2028
1,847,000
778,000
101,000
25,285
677,000
Water Roosevelt Water Tower SRF
8/9/2019
2.00%
2040
4,400,000
4,214,000
185,000
84,381
4,034,000
Water CIWA Purchase & Improvements
7/7/2017
2.00%
2036
10,198,000
6,546,761
501,000
172,920
7,075,761
Water- CIWA Contract Purchase
12/28/2016
3.00%
2022
51000,000
1,000,000
1,000,000
30,000
-
Water -Clear Well Reservoirs SRF
10/18/2007
1 3.25%
1 2028
1 915,0001
387,0001
50,0001
7,7391
337,000
Date Average Yearof Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
lee„n Rafn P.vmnnf Rl'int?i FV 2n,, FV 7n77 FUM127
Water Meter Change Out Program SRF
2/12/2010
3.25%
2031
6,394,000
3,674,0001
317,000
119,502
3,357,000
Water System 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
Total Revenue Bonds
171,799,303
120,299,140
6,413,205
3,077,686
126,456,553
Total City Indebtedness
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
132,093,720
Attachment D
Switch Homes Housing Urban Renewal Area
Dated May 30, 2023
District Boundary Description
The District shall include the following described area:
Mozena Farm South in the City of Dubuque, Iowa, according to the Plat recorded
as Instrument #2005-17498, records of Dubuque County, Iowa, and all of the
adjacent right of way of West 32nd Street and all of the adjacent right of way of
Northwest Arterial; and
Lot 2 of "Dondelinger Place" in the City of Dubuque, Iowa, according to the
recorded Plat thereof, and all of the adjacent right of way of West 32nd Street
All in the City of Dubuque, Iowa
Prepared by Jill Connors, Economic Development, 1300 Main St., Dubuque, IA 52001 (5631589-4393
Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13th St., Dubuque, IA 52001, (563) 589-4100
ORDINANCE NO. 33-23
AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND
COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE SWITCH
HOMES HOUSING URBAN RENEWAL AREA, IN THE CITY OF DUBUQUE, COUNTY
OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF
IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE COMMUNITY
SCHOOL DISTRICT AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL
FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES
ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE
ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH SAID SWITCH HOMES
HOUSING URBAN RENEWAL AREA
WHEREAS, the City Council of the City of Dubuque, Iowa, after public notice and
hearing as prescribed by law and pursuant to Resolution No. 219-23 passed and
approved on the 5th day of July, 2023, adopted an Urban Renewal Plan (the "Urban
Renewal Plan") for an urban renewal area known as the Switch Homes Housing Urban
Renewal Area (the "Urban Renewal Area"); and
WHEREAS, expenditures and indebtedness are anticipated to be incurred by the
City of Dubuque, Iowa in the future to finance urban renewal project activities carried out
in furtherance of the objectives of the Urban Renewal Plan and the future needs for
redevelopment within the Urban Renewal Area are such as to require the application of
the incremental tax resources of the Urban Renewal Area; and
WHEREAS, the City Council of the City of Dubuque, Iowa desires to provide for
the division of revenue from taxation in the Urban Renewal Area, as above described, in
accordance with the provisions of Section 403.19 of the Code of Iowa, as amended, and
the Urban Renewal Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. For purposes of this Ordinance, the following terms have the
following meanings:
(a) Project Area shall include that area described as follows:
Being a part of Lot 2 of Dondelinger Place as recorded in Book 1991, Page 11917 of the
Dubuque County Recorder's Office and part of Mozena Farm South as recorded in Book
2005, Page 17498 of the Dubuque County Recorder's Office, in the City of Dubuque,
Dubuque County, Iowa described as:
Beginning at the Northwest Corner of said Lot 2; thence N72°27'42"E, 2,194.85 feet;
thence N56°07'31 "E, 396.82 feet; thence S33052'29"E, 394.69 feet; thence S50°29'15"E,
130,26; thence N89°40'48"E, 130.97 feet; thence N77°22'37"E, 173.84 feet; thence
S02°16'36"E, 415.43 feet; thence S90000'00"W, 268.87 feet; thence N58002'17"W,
166.25 feet; thence S18°08'06"W, 109.49 feet; thence S34°21'32"E, 246.96 feet; thence
S27057'58"E, 125.44 feet; thence N63°50'06"E, 9.82 feet; thence S08°12'40"W, 197.54
feet; thence S30°22'45"E, 321.69 feet; thence S19°35'15"E, 239.99 feet; thence
S65°31'10"W, 39.88 feet; thence S61 °48'26"W, 235.25 feet; thence S88°18'27"W, 119.49
feet; thence S17°53'14"W, 96.62 feet; thence S19°29'58"E, 205.01 feet; thence
S88055'46"W, 42.16 feet; thence N19029'58"W, 205.21 feet; thence N17053'14"E, 138.38
feet; thence N88°18'27"E, 138.30 feet; thence N61°48'26"E, 231.62 feet; thence
N19035'15"W, 199.20 feet; thence N30022'45"W, 317.91 feet; thence N08°12'40"E,
168.21 feet; thence N27°57'58"W, 96.14 feet; thence N27057'12"W, 98.47 feet; thence
N34°21'32"W, 228.16 feet; thence N24030'57"W, 122.74 feet; thence S88°34'08"W,
169.93; thence N72°15'00"W, 110.53 feet; thence S86036'29"W, 110.92; thence
S13021'23"E, 125.00 feet; thence 30.03 feet along a 195.50 foot radius curve concave
Southerly (chord bearing S72°14'35"W, 30.00 feet); thence N22°09'2-6"W, 123.41 feet;
thence S58021'30"W, 114.03 feet; thence S40°44'49"W, 194.12 feet; thence
S31 °11'14"W, 67.99 feet; thence S59°14'39"W, 101.31 feet; thence N01 °51'39"W, 168.56
feet; thence S88°44'30"W, 1,330.51 feet; thence S00°32'54"E, 49.50 feet; thence
S68°31'02"W, 279.63 feet; thence S02007'32"E, 725.50 feet; thence N76°38'23"W, 10.43
feet; thence 71.26 feet along a 787.25 foot radius curve concave Southerly (chord bearing
N79013'57"W, 71.24 feet); thence N02009'42"W, 258.41 feet; thence S87°00'09"W, 55.34
feet; thence NO2°10'30"W, 595.45 feet to the Point of Beginning.
And
The immediately adjacent right of way to the area previously described of the Northwest
Arterial lying within the corporate limits of the City of Dubuque described as:
Commencing at the Northwest Corner of said Lot 2; thence N72027'42" E, 826.19 feet to
the Point of Beginning; thence N17°32'18"W, 266.57 feet; thence N74°33'33"E, 1369.58
feet; thence S17°32'18"E, 216.44 feet; thence S72°27'42"W, 1368.66 feet to the Point of
Beginning .
All in the City of Dubuque, Iowa
2
(b) Urban Renewal Plan shall mean the Urban Renewal Plan for the Switch
Homes Housing Urban Renewal Area, approved by Resolution No. 219-23 on July
5th, 2023, as the same may be amended from time to time.
Section 2. That the taxes levied on the taxable property in the Urban Renewal
Area, legally described in Section 1 hereof, by and for the benefit of the State of Iowa,
City of Dubuque, County of Dubuque, Dubuque Community School District, and all other
taxing districts from and after the effective date of this Ordinance shall be divided as
hereinafter in this Ordinance provided.
Section 3. That portion of the taxes which would be produced by the rate at which
the tax is levied each year by or for each of the taxing districts upon the total sum of the
assessed value of the taxable property in the Urban Renewal Area, as shown on the
assessment roll as of January 1, 2023, being January 1 of the calendar year preceding
the first calendar year in which the City of Dubuque is expected to certify to the County
Auditor the amount of loans, advances, indebtedness, or bonds payable from the division
of property tax revenue described herein, shall be allocated to and when collected be paid
into the fund for the respective taxing district as taxes by or for the taxing district into
which all other property taxes are paid. The taxes so determined shall be referred to
herein as the "base period taxes" for such Urban Renewal Area.
Section 4. That portion of the taxes each year in excess of the base period taxes
determined for the Urban Renewal Area as provided in Section 3 of this Ordinance shall
be allocated to and when collected be paid into a special tax increment fund of the City
of Dubuque, Iowa hereby established, to pay the principal of and interest on loans, monies
advanced to, indebtedness, whether funded, refunded, assumed or otherwise, including
bonds or obligations issued under the authority of Section 403.9 or 403.12 of the Code of
Iowa, as amended, incurred by the City of Dubuque, Iowa, to finance or refinance, in
whole or in part, urban renewal projects undertaken within the Urban Renewal Area
pursuant to the Urban Renewal Plan, except that (i) taxes for the regular and voter -
approved physical plant and equipment levy of a school district imposed pursuant to Iowa
Code Section 298.2 and taxes for the instructional support program of a school district
imposed pursuant to Iowa Code Section 257.19 (but in each case only to the extent
required under Iowa Code Section 403.19(2)); (ii) taxes for the payment of bonds and
interest of each taxing district; (iii) taxes imposed under Iowa Code Section 346.27(22)
related to joint county -city buildings; and (iv) any other exceptions described in Section
403.19 shall be collected against all taxable property within the Project Area without any
limitation as hereinabove provided.
Section 5. Unless or until the total assessed valuation of the taxable property in
the Urban Renewal Project Area exceeds the total assessed value of the taxable property
in the Urban Renewal Area as shown by the assessment rolls referred to in Section 3 of
this Ordinance, all of the taxes levied and collected upon the taxable property in the Urban
Renewal Area shall be paid into the funds for the respective taxing districts as taxes by
or for said taxing districts in the same manner as all other property taxes.
W
Section 6. At such time as the loans, advances, indebtedness, bonds and interest
thereon of the City of Dubuque, Iowa referred to in Section 4 hereof have been paid, all
monies thereafter received from taxes upon the taxable property in the Urban Renewal
Area shall be paid into the funds for the respective taxing districts in the same manner as
taxes on all other property.
Section 7. All ordinances or parts of ordinances in conflict with the provisions of
this Ordinance are hereby repealed. The provisions of this Ordinance are intended and
shall be construed so as to fully implement the division of taxes from taxable property in
the Urban Renewal Area under the provisions of Section 403.19 of the Code of Iowa. In
the event that any provision of this Ordinance shall be determined to be contrary to law it
shall not affect other provisions or application of this Ordinance which shall at all times be
construed to fully invoke the provisions of Section 403.19 of the Code of Iowa with
reference to the Urban Renewal Area and the territory contained therein.
Section 8. This Ordinance shall be in effect after its final passage, approval and
publication as provided by law.
PASSED AND APPROVED this 5th day of July, 2023.
G .• i A.•..�+1-.•
ATTEST:
a&"" A"Awt
Adrienne N. Breitfelder, City Clerk
Read first time: Ta f�.�
Read second time: ��0� �rP�} co,hl
Read third time: 0+ a, P P
PASSED AND APPROVED: Jay , jn ,� 3
PUBLISHED: 5uI11 } rnc�4}
C!
Doc ID: 011122280005 Type: GEN
Kind: ORDINANCE
Recorded: 07/13/2023 at 12:58:51 PM
Fee Amt: $27.00 Paqe 1 of 5
Dubuque County Iowa
Karol Kennedy Recorder
File2023-00006695
Prepared by Jill Connors, Economic Development, 1300 Main St., Dubuque, IA 52001, (563) 589-4393
Return to Adrienne N. Breitfelder, City Clerk, 50 W. 131' St., Dubuque, IA 52001, (563) 589-4100
ORDINANCE NO. 33-23
AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND
COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE SWITCH
HOMES HOUSING URBAN RENEWAL AREA, IN THE CITY OF DUBUQUE, COUNTY
OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF
IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE COMMUNITY
SCHOOL DISTRICT AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL
FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES
ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE
ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH SAID SWITCH HOMES
HOUSING URBAN RENEWAL AREA
WHEREAS, the City Council of the City of Dubuque, Iowa, after public notice and
hearing as prescribed by law and pursuant to Resolution No. 219-23 passed and
approved on the 5th day of July, 2023, adopted an Urban Renewal Plan (the "Urban
Renewal Plan") for an urban renewal area known as the Switch Homes Housing Urban
Renewal Area (the "Urban Renewal Area"); and
WHEREAS, expenditures and indebtedness are anticipated to be incurred by the
City of Dubuque, Iowa in the future to finance urban renewal project activities carried out
in furtherance of the objectives of the Urban Renewal Plan and the future needs for
redevelopment within the Urban Renewal Area are such as to require the application of
the incremental tax resources of the Urban Renewal Area; and
WHEREAS, the City Council of the City of Dubuque, Iowa desires to provide for
the division of revenue from taxation in the Urban Renewal Area, as above described, in
accordance with the provisions of Section 403.19 of the Code of Iowa, as amended, and
the Urban Renewal Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. For purposes of this Ordinance, the following terms have the
following meanings:
2.700
(� DBQ EconomicDevelopment
(a) Project Area shall include that area described as follows:
Being a part of Lot 2 of Dondelinger Place as recorded in Book 1991, Page 11917 of the
Dubuque County Recorder's Office and part of Mozena Farm South as recorded in Book
2005, Page 17498 of the Dubuque County Recorder's Office, in the City of Dubuque,
Dubuque County, Iowa described as:
Beginning at the Northwest Corner of said Lot 2; thence N72°27'42"E, 2,194.85 feet;
thence N56007'31"E, 396.82 feet; thence S33°52'29"E, 394.69 feet; thence S50029'15"E,
130,26; thence N89°40'48"E, 130.97 feet; thence N77°22'37"E, 173.84 feet; thence
S02°16'36"E, 415.43 feet; thence S90°00'00"W, 268.87 feet; thence N58002'17"W,
166.25 feet; thence S18008'06"W, 109.49 feet; thence S34°21'32"E, 246.96 feet; thence
S27°57'58"E, 125.44 feet; thence N63050'06"E, 9.82 feet; thence S08012'40"W, 197.54
feet; thence S30022'45"E, 321.69 feet; thence S19°35'15"E, 239.99 feet; thence
S65031'10"W, 39.88 feet; thence S61 °48'26"W, 235.25 feet; thence S88018'27"W, 119.49
feet; thence S17"53'14"W, 96.62 feet; thence S19029'58"E, 205.01 feet; thence
S88055'46"W, 42.16 feet; thence N19°29'58"W, 205.21 feet; thence N17053'14"E, 138.38
feet; thence N88018'27"E, 138.30 feet; thence N61048'26"E, 231.62 feet; thence
N19035'15"W, 199.20 feet; thence N30022'45"W, 317.91 feet; thence N08°12'40"E,
168.21 feet; thence N27057'58"W, 96.14 feet; thence N27057'12"W, 98.47 feet; thence
N34021'32"W, 228.16 feet; thence N24030'57"W, 122.74 feet; thence S88034'08"W,
169.93; thence N72015'00"W, 110.53 feet; thence S86036'29"W, 110.92; thence
S13021'23"E, 125.00 feet; thence 30.03 feet along a 195.50 foot radius curve concave
Southerly (chord bearing S72014'35"W, 30.00 feet); thence N22°09'2S"W, 123.41 feet;
thence S58"21'30"W, 114.03 feet; thence S40044'49"W, 194.12 feet; thence
S31011'14"W, 67.99 feet; thence S59014'39"W, 101.31 feet; thence N01 °51'39"W,168.56
feet; thence S88°44'30"W, 1,330.51 feet; thence S00°32'54"E, 49.50 feet; thence
S68031'02"W, 279.63 feet; thence S02°07'32"E, 725.50 feet; thence N76°38'23"W, 10.43
feet; thence 71.26 feet along a 787.25 foot radius curve concave Southerly (chord bearing
N79°13'57"W, 71.24 feet); thence N02009'42"W, 258.41 feet; thence S87°00'09"W, 55.34
feet; thence NO2°10'30"W, 595.45 feet to the Point of Beginning.
And
The immediately adjacent right of way to the area previously described of the Northwest
Arterial lying within the corporate limits of the City of Dubuque described as:
Commencing at the Northwest Corner of said Lot 2; thence N72027'42" E, 826.19 feet to
the Point of Beginning; thence N17°32'18"W, 266.57 feet; thence N74033'33"E, 1369.58
feet; thence S17032'18"E, 216.44 feet; thence S72027'42"W, 1368.66 feet to the Point of
Beginning .
All in the City of Dubuque, Iowa
2
(b) Urban Renewal Plan shall mean the Urban Renewal Plan for the Switch
Homes Housing Urban Renewal Area, approved by Resolution No. 219-23 on July
5th, 2023, as the same may be amended from time to time.
Section 2. That the taxes levied on the taxable property in the Urban Renewal
Area, legally described in Section 1 hereof, by and for the benefit of the State of Iowa,
City of Dubuque, County of Dubuque, Dubuque Community School District, and all other
taxing districts from and after the effective date of this Ordinance shall be divided as
hereinafter in this Ordinance provided.
Section 3. That portion of the taxes which would be produced by the rate at which
the tax is levied each year by or for each of the taxing districts upon the total sum of the
assessed value of the taxable property in the Urban Renewal Area, as shown on the
assessment roll as of January 1, 2023, being January 1 of the calendar year preceding
the first calendar year in which the City of Dubuque is expected to certify to the County
Auditor the amount of loans, advances, indebtedness, or bonds payable from the division
of property tax revenue described herein, shall be allocated to and when collected be paid
into the fund for the respective taxing district as taxes by or for the taxing district into
which all other property taxes are paid. The taxes so determined shall be referred to
herein as the "base period taxes" for such Urban Renewal Area.
Section 4. That portion of the taxes each year in excess of the base period taxes
determined for the Urban Renewal Area as provided in Section 3 of this Ordinance shall
be allocated to and when collected be paid into a special tax increment fund of the City
of Dubuque, Iowa hereby established, to pay the principal of and interest on loans, monies
advanced to, indebtedness, whether funded, refunded, assumed or otherwise, including
bonds or obligations issued under the authority of Section 403.9 or 403.12 of the Code of
Iowa, as amended, incurred by the City of Dubuque, Iowa, to finance or refinance, in
whole or in part, urban renewal projects undertaken within the Urban Renewal Area
pursuant to the Urban Renewal Plan, except that (i) taxes for the regular and voter -
approved physical plant and equipment levy of a school district imposed pursuant to Iowa
Code Section 298.2 and taxes for the instructional support program of a school district
imposed pursuant to Iowa Code Section 257.19 (but in each case only to the extent
required under Iowa Code Section 403.19(2)); (ii) taxes for the payment of bonds and
interest of each taxing district; (iii) taxes imposed under Iowa Code Section 346.27(22)
related to joint county -city buildings; and (iv) any other exceptions described in Section
403.19 shall be collected against all taxable property within the Project Area without any
limitation as hereinabove provided.
Section 5. Unless or until the total assessed valuation of the taxable property in
the Urban Renewal Project Area exceeds the total assessed value of the taxable property
in the Urban Renewal Area as shown by the assessment rolls referred to in Section 3 of
this Ordinance, all of the taxes levied and collected upon the taxable property in the Urban
Renewal Area shall be paid into the funds for the respective taxing districts as taxes by
or for said taxing districts in the same manner as all other property taxes.
3
Section 6. At such time as the loans, advances, indebtedness, bonds and interest
thereon of the City of Dubuque, Iowa referred to in Section 4 hereof have been paid, all
monies thereafter received from taxes upon the taxable property in the Urban Renewal
Area shall be paid into the funds for the respective taxing districts in the same manner as
taxes on all other property.
Section 7. All ordinances or parts of ordinances in conflict with the provisions of
this Ordinance are hereby repealed. The provisions of this Ordinance are intended and
shall be construed so as to fully implement the division of taxes from taxable property in
the Urban Renewal Area under the provisions of Section 403.19 of the Code of Iowa. In
the event that any provision of this Ordinance shall be determined to be contrary to law it
shall not affect other provisions or application of this Ordinance which shall at all times be
construed to fully invoke the provisions of Section 403.19 of the Code of Iowa with
reference to the Urban Renewal Area and the territory contained therein.
Section 8. This Ordinance shall be in effect after its final passage, approval and
publication as provided by law.
PASSED AND APPROVED this 5t' day of July, 2023.
_... IM-ME •'-. M� �
-
MAIM-tv
OW' L! LL2,
Adrienne N. Breitfelder, City Clerk
Read first time: T.� Iy
Read second time: Not
Read third time: C� o � �, P, P � � C C �
PASSED AND APPROVED:
PUBLISHED:
n
CERTIFICATE of the CITY CLERK
STATE OF IOWA
SS:
COUNTY OF DUBUQUE )
I, Adrienne N. Breitfelder, City Clerk, do hereby certify that I am the duly appointed,
qualified, City Clerk of the City of Dubuque, Iowa, in the County aforesaid, and as such
City Clerk, I have in my possession or have access to the records of the proceedings of the
City Council. I do further state that the hereto attached Ordinance No. 33-23 is a true and
correct copy of the original.
In Testimony Whereof, I hereunto set my hand and official seal of the City of Dubuque,
Iowa.
Dated at Dubuque, Iowa, on this 12th day of July, 2023.
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
circulation 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:
07/11/2023
and for which the charge is 129.58
/(I/A
Su scribed to before me a Notary Pubrend for
Dubuque County, Iowa,
this l lth day of July, 2023
Notary Pu in and for Dubuque County, Iowa.
�rP`"i a JANET K. PAPE
2 r Commission Number 199859
.u.My Commission Expires
'ow.. 12/11/2025
Ad text :
CITY OF DUBUQUE
OFFICIAL PUBLICATION
ORDINANCE NO. 33-23
AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED
AND COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE
SWITCH HOMES HOUSING URBAN RENEWAL AREA, IN THE CITY OF
DUBUQUE, COUNTY OF DUBUQUE, STATE OF IOWA, BY AND FOR THE
BENEFIT OF THE STATE OF IOWA, CITY OF DUBUQUE, COUNTY OF
DUBUQUE, DUBUQUE COMMUNITY SCHOOL DISTRICT AND OTHER TAXING
DISTRICTS, BE PAID TO A SPECIAL FUND FOR PAYMENT OF PRINCIPAL
AND INTEREST ON LOANS, MONIES ADVANCED TO AND INDEBTEDNESS,
INCLUDING BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY
IN CONNECTION WITH SAID SWITCH HOMES HOUSING URBAN RENEWAL
AREA
WHEREAS, the City Council of the City of Dubuque, Iowa,
after public notice and hearing as prescribed by law and
pursuant to Resolution No. 219-23 passed and approved on the
5th day of July, 2023, adopted an Urban Renewal Plan (the
"Urban Renewal Plan") for an urban renewal area known as the
Switch Homes Housing Urban Renewal Area (the "Urban Renewal
Area"); and
WHEREAS, expenditures and indebtedness are anticipated to be
incurred by the City of Dubuque, Iowa in the future to finance
urban renewal project activities carried out in furtherance of
the objectives of the Urban Renewal Plan and the future needs
for redevelopment within the Urban Renewal Area are such as to
require the application of the incremental tax resources of
the Urban Renewal Area; and
WHEREAS, the City Council of the City of Dubuque, Iowa
desires to provide for the division of revenue from taxation
in the Urban Renewal Area, as above described, in accordance
with the provisions of Section 403.19 of the Code of Iowa, as
amended, and the Urban Renewal Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA:
Section 1. "For purposes of this Ordinance, the following
terms have the following meanings:
(a)"Project Area shall include that area described as
follows:
Being a part of Lot 2 of Dondelinger Place as recorded in
Book 1991, Page 11917 of the Dubuque County Recorders Office
and part of Mozena Farm South as recorded in Book 2005, Page
17498 of the Dubuque County Recorders Office, in the City of
Dubuque, Dubuque County, Iowa described as:
Beginning at the Northwest Corner of said Lot 2; thence
N72*27'42"E, 2,194.85 feet; thence N56*07'31"E, 396.82 feet;
thence S33*52'29"E, 394.69 feet; thence S50*29'15"E, 130.26;
thence N89*40'48"E, 130.97 feet; thence N77*22'37"E, 173.84
feet; thence S02*16'36"E, 415.43 feet; thence S90*00'00"W,
268.87 feet; thence N58*02' 17"W, 166.25 feet; thence
S18*08'06"W, 109.49 feet; thence S34*21'32"E, 246.96 feet;
thence S27*57'58"E, 125.44 feet; thence N63*50'06"E, 9.82
feet; thence S08*12'40"W, 197.54 feet; thence S30*22'45"E,
321.69 feet; thence S19*35115"E, 239.99 feet; thence
S65*31'10"W, 39.88 feet; thence S61*48'26"W, 235.25 feet;
thence S88*18'27"W, 119.49 feet; thence S17*53'14"W, 96.62
feet; thence S19*29'58"E, 205.01 feet; thence S88*55'46"W,
42.16 feet; thence N19*29'58"W, 205.21 feet; thence
N17*53'14"E, 138.38 feet; thence N88*18'27"E, 138.30 feet;
thence N61*48'26"E, 231.62 feet; thence N19*35'15"W, 199.20
feet; thence N30*22'45"W, 317.91 feet; thence N08*12'40"E,
168.21 feet; thence N27*57'58"W, 96.14 feet; thence
N27*57'12"W, 98.47 feet; thence N34*21'32"W, 228.16 feet;
thence N24*30'57"W, 122.74 feet; thence S88*34'08"W, 169.93;
thence N72*15'00"W, 110.53 feet; thence S86*36'29"W, 110.92;
thence S13*21'23"E, 125.00 feet; thence 30.03 feet along a
195.50 foot radius curve concave Southerly (chord bearing
S72*14'35"W, 30.00 feet); thence N22*09'26"W, 123.41 feet;
thence S58*21'30"W, 114.03 feet; thence S40*44'49"W, 194.12
feet; thence S31*11'14"W, 67.99 feet; thence S59*14'39"W,
101.31 feet; thence NO1*51139"W, 168.56 feet; thence
S88*44'30"W, 1,330.51 feet; thence SOO*32'54"E, 49.50 feet;
thence S68*31'02"W, 279.63 feet; thence S02*07'32"E, 725.50
feet; thence N76*38'23"W, 10.43 feet; thence 71.26 feet along
a 787.25 foot radius curve concave Southerly (chord bearing
N79*13'57"W, 71.24 feet); thence NO2*09'42"W, 258.41 feet;
thence S87*00'09"W, 55.34 feet; thence NO2*10'30"W, 595.45
feet to the Point of Beginning.
And
The immediately adjacent right of way to the area previously
described of the Northwest Arterial lying within the corporate
limits of the City of Dubuque described as:
Commencing at the Northwest Corner of said Lot 2; thence
N72*27'42" E, 826.19 feet to the Point of Beginning; thence
N17*32'18"W, 266.57 feet; thence N74*33'33"E, 1369.58 feet;
thence S17*32'18"E, 216.44 feet; thence S72*27'42"W, 1368.66
feet to the Point of Beginning .
All in the City of Dubuque, Iowa
(b)"Urban Renewal Plan shall mean the Urban Renewal Plan for
the Switch Homes Housing Urban Renewal Area, approved by
Resolution No. 219-23 on July 5th, 2023, as the same may be
amended from time to time.
Section 2. That the taxes levied on the taxable property in
the Urban Renewal Area, legally described in Section 1 hereof,
by and for the benefit of the State of Iowa, City of Dubuque,
County of Dubuque, Dubuque Community School District, and all
other taxing districts from and after the effective date of
this Ordinance shall be divided as hereinafter in this
Ordinance provided.
Section 3. That portion of the taxes which would be
produced by the rate at which the tax is levied each year by
or for each of the taxing districts upon the total sum of the
assessed value of the taxable property in the Urban Renewal
Area, as shown on the assessment roll as of January 1, 2023,
being January 1 of the calendar year preceding the first
calendar year in which the City of Dubuque is expected to
certify to the County Auditor the amount of loans, advances,
indebtedness, or bonds payable from the division of property
tax revenue described herein, shall be allocated to and when
collected be paid into the fund for the respective taxing
district as taxes by or for the taxing district into which all
other property taxes are paid. The taxes so determined shall
be referred to herein as the "base period taxes" for such
Urban Renewal Area.
Section 4. That portion of the taxes each year in excess of
the base period taxes determined for the Urban Renewal Area as
provided in Section 3 of this Ordinance shall be allocated to
and when collected be paid into a special tax increment fund
of the City of Dubuque, Iowa hereby established, to pay the
principal of and interest on loans, monies advanced to,
indebtedness, whether funded, refunded, assumed or otherwise,
including bonds or obligations issued under the authority of
Section 403.9 or 403.12 of the Code of Iowa, as amended,
incurred by the City of Dubuque, Iowa, to finance or
refinance, in whole or in part, urban renewal projects
undertaken within the Urban Renewal Area pursuant to the Urban
Renewal Plan, except that (i) taxes for the regular and
voter -approved physical plant and equipment levy of a school
district imposed pursuant to Iowa Code Section 298.2 and taxes
for the instructional support program of a school district
imposed pursuant to Iowa Code Section 257.19 (but in each case
only to the extent required under Iowa Code Section
403.19(2)); (ii) taxes for the payment of bonds and interest
of each taxing district; (iii) taxes imposed under Iowa Code
Section 346.27(22) related to joint county -city buildings; and
(iv) any other exceptions described in Section 403.19 shall be
collected against all taxable property within the Project Area
without any limitation as hereinabove provided.
Section 5. Unless or until the total assessed valuation of
the taxable property in the Urban Renewal Project Area exceeds
the total assessed value of the taxable property in the Urban
Renewal Area as shown by the assessment rolls referred to in
Section 3 of this Ordinance, all of the taxes levied and
collected upon the taxable property in the Urban Renewal Area
shall be paid into the funds for the respective taxing
districts as taxes by or for said taxing districts in the same
manner as all other property taxes.
Section 6. At such time as the loans, advances,
indebtedness, bonds and interest thereon of the City of
Dubuque, Iowa referred to in Section 4 hereof have been paid,
all monies thereafter received from taxes upon the taxable
property in the Urban Renewal Area shall be paid into the
funds for the respective taxing districts in the same manner
as taxes on all other property.
Section 7. All ordinances or parts of ordinances in
conflict with the provisions of this Ordinance are hereby
repealed. The provisions of this Ordinance are intended and
shall be construed so as to fully implement the division of
taxes from taxable property in the Urban Renewal Area under
the provisions of Section 403.19 of the Code of Iowa. In the
event that any provision of this Ordinance shall be determined
to be contrary to law it shall not affect other provisions or
application of this Ordinance which shall at all times be
construed to fully invoke the provisions of Section 403.19 of
the Code of Iowa with reference to the Urban Renewal Area and
the territory contained therein.
Section 8. This Ordinance shall be in effect after its final
passage, approval and publication as provided by law.
PASSED AND APPROVED this 5th day of July, 2023.
/s/Brad M. Cavanagh, Mayor
Attest: /s/Adrienne N. Breitfelder,
City Clerk
Published officially in the Telegraph Herald newspaper on
the llth day of July, 2023.
/s/Adrienne N. Breitfelder,
CMC, City Clerk
1t 7/11