Approval of Termination Agreement of Iowa Economic Development Authority Master Contract P0806M01734 / Funding Agreement 08-EZ-036 with Morrison Brothers CompanyCity of Dubuque
City Council Meeting
Consent Items # 07.
Copyrighted
January 3, 2024
ITEM TITLE: Approval of Termination Agreement of Iowa Economic Development
Authority Master Contract P0806M0l734 / Funding Agreement 08-EZ-
036 with Morrison Brothers Company
SUMMARY: City Manager recommending City Council approval of a Contract
Termination Agreement for Contract 08-EZ-036 among Morrison
Brothers Company and the Iowa Economic Development Authority, and
the City of Dubuque and approve the Mayor's signature on the
Termination Agreement.
SUGGESTED Suggested Disposition: Receive and File; Approve
DISPOSITION:
ATTACHMENTS:
Description Type
MVM Memo City Manager Memo
Staff Memo Staff Memo
Termination Agreement Supporting Documentation
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Approval of Termination Agreement of Iowa Economic Development
Authority Master Contract P0806MO1734 / Funding Agreement 08-EZ-036
with Morrison Brothers Company
DATE: December 27, 2023
Economic Development Director Jill Connors is recommending City Council approval of
a Contract Termination Agreement for Contract 08-EZ-036 among Morrison Brothers
Company and the Iowa Economic Development Authority, and the City of Dubuque and
approve the Mayor's signature on the Termination Agreement.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
v
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
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Masterpiece on the Mississippi 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
SUBJECT: Approval of Termination Agreement of Iowa Economic Development
Authority Master Contract P0806M01734 / Funding Agreement 08-EZ-036
with Morrison Brothers Company
DATE: December 22, 2023
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This memorandum presents for review and approval a Contract Termination Agreement
for Contract 08-EZ-036 among Morrison Brothers Company and the Iowa Economic
Development Authority, and the City of Dubuque.
BACKGROUND
Established in Dubuque in 1855 as a boiler manufacturer. Morrison Brothers Company
moved into oil equipment in the early 1900s, including tanks and accessories. Morrison
sold the tank fabrication business in 1970s and today has over 1,200 products used in
the petroleum marketing sector (downstream from the refinery) including motor fueling,
aviation, agriculture, bulk handling and transportation, backup power generation, and
numerous industrial applications. Morrison has a research and development focus on
biofuels and related equipment for alternative energy. Morrison also makes products for
fuel and water military applications, and ground water testing.
DISCUSSION
In 2008, Morrison applied to the Iowa Economic Development Authority (IEDA) for
business assistance under the IEDA's Enterprise Zone program. The IEDA awarded
Morrison Master Contract P0806MO1734 / Funding Agreement 08-EZ-036, executed
June 19, 2008. As a requirement of the Enterprise Zone contract with the IEDA, Morrison
invested approximately $2,575,000 to consolidate and expand Dubuque operations and
create and maintain 10 new jobs.
As part of the agreement, the IEDA provided 260E job training credits, an investment tax
credit, an R&D credit, and a refund of sales, service, and use taxes paid to contractors or
subcontractors of the construction project.
Morrison has successfully completed the obligations under the contract to date and has
requested termination of the contract. Although one year early from the originally stated
compliance period, the IEDA is satisfied with Morrison Brothers' compliance to date and
has agreed to this termination agreement; and the City of Dubuque is requested to also
agree to the termination.
RECOMMENDATION/ ACTION STEP
I respectfully request City Council approval and Mayor's signature on the attached
Termination Agreement.
2
CONTRACT TERMINATION AGREEMENT
BUSINESS:
CONTRACT NUMBER:
FUNDING AGREEMENT NUMBER
APPROVAL DATE:
Morrison Brothers Company
P0806MO1734
08-EZ-036
December 15, 2023
THIS AGREEMENT is made by and between the IOWA ECONOMIC DEVELOPMENT
AUTHORITY (IEDA or Authority), 1963 Bell Avenue, Suite 200, Des Moines, Iowa 50315, an agency
of the State of Iowa, Morrison Brothers Company (Business), 570 East 71h Street, P.Q. Box 238,
Dubuque, lA 52007, and the City of Dubuque (Community), 50 W 1 V St., Dubuque, IA 52001.
WHEREAS, the Business has successfully documented meeting the obligations of the above -
referenced contract through December 1, 2023 and requests mutual termination of the contract as
allowed by Article 10.14 of Master Contract Number P0806M01734;
WHEREAS, the IEDA Board approved the request as of above the Approval Date.
Pursuant to the Recipient's request, Master Contract Number P0806M01734 and Funding
Agreement 08-EZ-036 are hereby terminated as of latest date signed below.
FOR BU5 NESS:
SI NATURE
FOR IEDA:
Deborah Durham, Director
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