Loading...
Bee Branch Stormwater Pumping Station (Phase IV of the Bee Branch Watershed Flood Mitigation Project) Project #5586500007 Copyrighted August 7, 2023 City of Dubuque Action Items # 08. City Council Meeting ITEM TITLE: Bee Branch Stormwater Pumping Station (Phase IV of the Bee Branch Watershed Flood Mitigation Project) Project#5586500007 SUM MARY: City Manager recommending City Council approve the application for a U.S. EDA grant in the amount of$7,700,000 and pledging local, matching funds in the amount of$19,012,000 for improvements associated with the Bee Branch Stormwater Pumping Station Project (Phase V of the Bee Branch Watershed Flood Mitigation Project). RESOLUTION Approving a US Economic Development Administration Disaster Relief Opportunity Grant Application and Pledging the Local Match in The Amount Of$ 19,012,000 From General Obligation Bonds orAn SRF Loan for Construction of a New Stormwater Pumping Station at the 16th Street Detention Basin SUGGESTED Suggested Disposition: Receive and File;Adopt Resolution(s) DISPOSITION: ATTACHMENTS: Description Type MVM Memo City Manager Memo Staff Memo Staff Memo Resolution Resolutions Letter, Bond Counsel Supporting Documentation Dubuque THE CITY QF � All-Meriea Ciry DLT B E ; . � . � �� � � MaSt� Z�C� aYd t�Q Mt55ZSSZ Z zoa�•zoiz•�ai3 YP pp za��*zai� TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Bee Branch Stormwater Pumping Station (Phase IV of the Bee Branch Watershed Flood Mitigation Project) Project #5586500007 DATE: August 1, 2023 City Engineer Gus Psihoyos is recommending City Council adopt the attached resolution approving the application for a U.S. EDA grant in the amount of$7,700,000 and pledging local, matching funds in the amount of$19,012,000 for improvements associated with the Bee Branch Stormwater Pumping Station Project (Phase V of the Bee Branch Watershed Flood Mitigation Project). The total project costs are estimated at $29,338,400. To fund the project funded in part with a $7.7 million EDA grant, it will require the City to provide an additional $5,228,400 for the project. Even though the City currently has $8.9 million in stormwater utility funding for the project, the application illustrates that the City could issue debt in order to provide the matching funds for the grant. The City will know if its application for EDA funding is successful in the fall of 2023 so that if successful, the City will be able to consider how to best provide the additional project funding as part of the Fiscal Year 2025 budget. I concur with the recommendation and respectfully request Mayor and City Council approval. � Mic ael C. Van Milligen MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Gus Psihoyos, City Engineer Jenny Larson, Chief Financial Officer John Klosterman, Public Works Director Teri Goodmann, Director of Strategic Partnerships Deron Muehring, Civil Engineer II Dubuque THE CITY OF � pll•America Ci� DuB E �.�K,����K�, . � � ��� � � Maste iece oYl the MisSisSi i zoo��zoiz�zoi3 �`P pp zoi�*zatg TO: Michael C. Van Milligen, City Manager FROM: Gus Psihoyos, City Engineer SUBJECT: Bee Branch Stormwater Pumping Station (Phase IV of the Bee Branch Watershed Flood Mitigation Project) Project #5586500007 DATE: July 31, 2023 INTRODUCTION The purpose of this memorandum is to request approval to apply for an Economic Development Disaster Recovery Grant from the U. S. Economic Development Administration (EDA) in the amount of $7,700,000.00 for the Bee Branch Gate Replacement/ Pumping Station Project (Phase V of the Bee Branch Watershed Flood Mitigation Project). BACKGROUND In November of 2013, the City Council passed Resolution 335-13 adopting the 2013 Drainage Basin Master Plan Amendment that outlined several improvements throughout the Bee Branch watershed to mitigate the effects of future flooding and disasters. Collectively, the improvements form the basis of the multi-phase Bee Branch Watershed Flood Mitigation Project outlined below. Table 1. Twelve phases of the Bee Branch Watershed Flood Mitigation Project Phase Description Status 1 Carter Road Detention Basin Complete 2 West 32"d Street Detention Basin Complete 3 Historic Millwork District Complete 4 Lower Bee Branch Creek Restoration Complete 5 Flood Mitigation Gate Replacement Designed 6 Impervious Surface Reduction (Green Alleys) Initiated 7 Upper Bee Branch Creek Restoration Complete g 22nd Street Storm Sewer Improvements Complete to N. Main St. 9 Flood Mitigation Maintenance Facility Initiated 10 North End Storm Sewer Improvements 11 Water Plant Flood Protection 12 17t'' Street Storm Sewer Improvements Complete to Heeb St. On December 4, 2013, the lowa Flood Mitigation Board voted to award the City $98,494,178 for the Bee Branch Watershed Flood Mitigation Project. On February 3, 2014 the City Council adopted Resolution 31-14 authorizing the execution of an agreement with 1 the State of lowa Flood Mitigation Board and authorizing the City's use of sales tax increment funding for the Bee Branch Watershed Flood Mitigation Project. The City has used a combination of stormwater utility revenue; local, state, and federal grant funding; and debt in order to construct the improvements associated with the flood mitigation plan. The state grant funding and the subsequent debt issuances allowed for much of the protection to be provided sooner than otherwise possible. With a total estimated cost of$250 million, the Bee Branch Watershed Flood Mitigation Project will prevent an estimated $582 million in damages over the 100-year design life of the project. With more than $163 million in funding assistance, for every dollar invested by Dubuque citizens it will prevent almost seven dollars in flood damage. The original scope of the Flood Mitigation Gate Replacement improvements involved replacing the gate structure associated with the pumping facility on Kerper Boulevard, just south of 16th Street, that functions as part of the floodwall/levee system. The FY15 and FY16 CIP budgets identified $2,100,000 to replace the flood gates. In December of 2015, the City Council authorized the hiring of IIW, P.C. (now Origin Design) for design and engineering services for the project. Due to the record rainfalls in 2010 and 2011 that resulted in flooding within the Bee Branch Watershed, as part of the design process Origin Design was asked to investigate more significant modifications to the existing 16th pump station infrastructure. Considering that some of the facility elements (i.e., the two 90,000 gallon per minute pumps) pre-date the construction of the floodwall/levee system completed circa 1974, staff from the Public Works and Engineering Departments worked with Origin Design to further develop improvements to the facility that would indeed improve drainage when the gates are open and when operating under Mississippi "flood" conditions when the gates are closed. Of the five alternatives analyzed, the replacement of the existing facility with a new stormwater pumping station was selected. This Bee Branch Stormwater Pumping Station Project alternative was selected because it would best handle the more recent severe flooding that occurred between 1999 and 2011. And, in concert with the Bee Branch Creek Restoration Project (including the Bee Branch Railroad Culverts Project), it would provide flood protection for the 500-year rainstorm. The cost to build a new flood pumping station capable of handling flows from the Bee Branch Creek was initially estimated to cost approximately $10 million. To better afford the project improvements associated with all the phases of the Bee Branch Watershed Flood Mitigation Project, and in particular the increased costs associated with the Bee Branch Gate & Pump Station Project, the City sought additional financial assistance. In December of 2018, the City Council adopted Resolution 368-18, approving an application for $4,000,000.00 in EDA grant funding for the new stormwater pumping station project. The City was subsequently awarded $2,500,000.00 in EDA grant funding. In May of 2019, the City Council adopted Resolution 152-19, authorizing entering into a Financial Assistance Award Agreement with EDA as necessary for the City's use of$2,500,000 in EDA grant funding for the pumping station project. The City Council also pledged "the amount of $6,635,000.00 from state sales tax increment or local stormwater utility proceeds...." Per the Agreement, the project was required to complete the improvements by April 11, 2024. L In May of 2022, the City Council adopted Resolution 177-22, approving the plans, specifications, form of contract, and estimated cost for the Bee Branch Stormwater Pumping Station Project, in the estimated amount of$15,790,000.00. The estimate of probable costs for the Project is as follows: Construction Contract $15,790,000 Contingency 720,000 Engineering 2,400,000 Total Project Cost $18,910,000 The funding plan for the improvements was as follows: State Sales Tax Increment Proceeds $9,614,000 Stormwater Utility Construction Funds 2,796,000 US EPA State Revolving Fund (SRF) Loan 2,600,000 US EDA Disaster Grant 2,500,000 DRA Distribution 1,400,000 TOTAL $18,910,000 DISCUSSION In May of 2022, the City received two bids for the Bee Branch Stormwater Pumping Station Project (the "Project"). The low bid was $24,650,000, which was 56.1% over the Engineer's Estimate. The two bids were within 1.4% of each other, suggesting that the bids reflect the true cost of the project such that rebidding the project with the same design would likely result in similar results. Due to funding limitations, the City Council adopted Resolution 222-22 rejecting the bids for the Project. As outlined in the EDA grant agreement, the City was to complete the improvements by April 11, 2024. The City had discussions with EDA about changing the completion date to allow more time to complete the improvements. However, EDA representatives indicated that the April 2024 deadline was a hard deadline. The City was aware that rejecting the bids would likely preclude the City's ability to fund the project using the $2.5 million in EDA grant funding. And in June of 2023, the City sent a letter to EDA rescinding the $2.5 million EDA grant for the Bee Branch Stormwater Pumping Station Project. The City maintained communications with EDA representatives throughout the grant period up through the request to rescind of the grant. EDA representatives reiterated their desire to assist the City with the Project and invited the City to reapply for EDA grant funding for the project. As directed by EDA, working with ECIA with support from others such as the Greater Dubuque Development Corporation, a new preliminary application was prepared and submitted by the July 28, 2023 EDA deadline. To complete a full application, the City must pledge to provide the necessary local matching funds should the grant be awarded. � RECOMMENDATION I recommend that the City apply for a U.S. EDA grant in the amount of $7,700,000 and pledge local, matching funds in the amount of $19,012,000 for improvements associated with the Bee Branch Stormwater Pumping Station Project. BUDGETIMPACT The estimate of probable costs for the Project has been updated as follows: Construction Contract $25,440,000 Contingency (5%) 1,272,000 Engineering (Design) 1,265,400 Engineering (Construction) 1,360,000 Total Project Cost $29,338,400 If awarded the $7.7 million EDA grant, the cost to the City to fund the project would be $21,638,400. The current project funding breakdown is as follows: State Sales Tax Increment Proceeds $9,614,000 Stormwater Utility Construction Funds 2,796,000 US EPA State Revolving Fund (SRF) Loan 2,600,000 DRA Distribution 1,400,000 TOTAL $16,410,000 Therefore, to fund the project funded in part with a $7.7 million EDA grant, it will require the City to provide an additional $5,228,400 for the project. Even though the City currently has $8.9 million in stormwater utility funding for the project, the application illustrates that the City could issue debt in order to provide the matching funds for the grant. The City will know if its application for EDA funding is successful in the fall of 2023 so that if successful, the City will be able to consider how to best provide the additional project funding as part of the Fiscal Year 2025 budget. Because the EDA grant is only related to construction costs, the City's match for the grant is $19,012,000 calculated as follows: Construction Contract $25,440,000 Contingency (5%) 1,272,000 Total Project Cost $26,712,000 EDA Grant $7,700,000 Grant Required City Cost Share $19,012,000 Project Grant Total $26,712,000 4 ACTION TO BE TAKEN I respectfully request adoption of the attached resolution approving the application for a U.S. EDA grant in the amount of $7,700,000 and pledging local, matching funds in the amount of $19,012,000 for improvements associated with the Bee Branch Stormwater Pumping Station Project (Phase V of the Bee Branch Watershed Flood Mitigation Project). Attach. Prepared by Deron Muehring cc: Crenna Brumwell, City Attorney Jenny Larson, Director of Finance & Budget John Klosterman, Public Works Director Teri Goodmann, Director of Strategic Partnerships Deron Muehring, Civil Engineer � Prepared by Deron Muehrinq, City of Dubuque Engineering, 50 W. 13th St. Dubuque, IA 52001 (563)589-4270 Return to Adrienne N. Breitfelder City Clerk City of Dubuque, 50 W. 13th St. Dubuque, IA 52001 (563)589-4100 RESOLUTION NO. 260-23 RESOLUTION APPROVING A US ECONOMIC DEVELOPMENT ADMINISTRATION DISASTER RELIEF OPPORTUNITY GRANT APPLICATION AND PLEDGING THE LOCAL MATCH IN THE AMOUNT OF $ 19,012,000 FROM GENERAL OBLIGATION BONDS OR AN SRF LOAN FOR CONSTRUCTION OF A NEW STORMWATER PUMPING STATION AT THE 16TH STREET DETENTION BASIN Whereas, the City Council of the City of Dubuque, Iowa wishes to apply through the Economic Development Administration (EDA), U. S. Department of Commerce for a Disaster Relief Opportunity grant for the construction of a new stormwater pumping station at the 16th Street Detention Basin, and Whereas, the City Council, in support of the application for $7,700,000.00 in grant funding, must pledge a local match estimated at $19,012,000.00 toward the activity as identified in the application, and Whereas, the City will use General Obligation bonds or a State Revolving Fund loan as the source for this expenditure. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. Approves the application for EDA Disaster Relief Opportunity grant funding. Section 2. Authorizes the Mayor to sign the application. Section 3. Pledges the amount of $19,012,000.00 from GO Bonds or a State Revolving Fund loan, if in fact, the Disaster Relief Opportunity grant is awarded by the Economic Development Administration. Passed, approved, and adopted this 7th day of August 2023. Brad M. v nagh, Mayor Attest 02e7C3r-' Trish L. Gleason, Assistant City Clerk � � � OF2 � EY.., afways ahead David D.Grossklaus Partner grossklaus.d avid@dorsey.com (515)699-3287(0) (515)441-1442(c) July 28,2023 Jenny Larson Chief Financial Officer City Hall City of Dubuque,Iowa Re: Economic Development Administration of U.S.Department of Commerce Economic Development Administration Disaster Relief Opporiunity Application City of Dubuque,Iowa Dear Ms. Larson: We understand that the City of Dubuque, Iowa (the "City"), is applying for a loan or grant from the Economic Development Administration ("EDA") U.S. Department of Commerce for a new culvert inlet structure, stormwater pumping station and related improvements (the "Project"). As part of this application package, EDA requires a preliminary opinion from bond counsel to the City with respect to the City's legal authority to issue public debt for the purposes of the Project. We are of the opinion that the City is a validly existing municipal corporation pursuant to the provisions of Code of Iowa, 2023, as amended (the "Code"), and as such is authorized to issue its general obligation bonds and revenue bonds pursuant to the provisions of Chapter 384 of the Code. These obligations, if issued, will be secured in whole or in part from the net revenues of the system or from general obligation bonds payable from property taxes. Under Chapter 384 of the Code of Iowa, the City has authority to issue general obligation bonds for improvements and extensions to its municipal storm water utility system. In order to be vested with authority for the issuance of this type of indebtedness, the City will need to conduct a simple public hearing process, following the publication of a notice announcing the public hearing in a newspaper of general circulation in Dubuque. After receiving public input at the public hearing, the City Council will have the requisite authority to issue indebtedness in order to pay for its local match requirements for the project. Given the broad array of lender availability for municipal general obligation debt in Iowa, including governmental lenders such as the SRF program, local and regional banks, and access to the bond market,the City should have no trouble accessing credit facilities for this type of issue. Based upon the available constitutional debt limit, the City has capacity to issue the debt. The City's current constitutional debt capacity as of January 1,2022 is$153,633,209. Additionally, the City has current approval from the SRF Program with a supplemental amount currently approved on the IUP of$2,600,000 and a storm water utility fund line item budgeted amount of$8,912,000. The statutory process required for issuing general obligation debt in Iowa should take no more than 90 days to complete from the start of the public hearing process to the closing of the loan. This time frame includes the identification of a lender and the negotiation of the terms of the loan. Thus,the City should be in a position to move quickly and effectively from the point at which the local match amount is finally ascertained to the point at which the City would need to borrow funds to meet the local match. It should be noted that other types of bonds are available to the City for storm water related improvements, including revenue bonds payable from the City's municipal storm water system. Dorsey&Whitney LLP � 801 Grand Avenue I Suite 4100 � Des Moines,IA � 50309-8002 I T 515.283.1000 � F 515.283.1060 � dorsey.com Page 2 If you have any additional questions or information needs, please notify me and I will update this correspondence accordingly. Sincerely, Dorsey& it ey L By: David D. Grossklaus