Resolutions of Support for Workforce Housing Tax Credit ApplicationsCopyrighted
June 3, 2024
City of Dubuque Action Items # 03.
City Council Meeting
ITEM TITLE: Resolutions of Support for Workforce Housing Tax Credit Applications
SUMMARY: City Manager recommending City Council approve the following
resolutions of support for Workforce Housing Tax Credit Applications to
the Iowa Economic Development Department being submitted by:
• Millwork Flats, L.L.C. for redevelopment of property at 1065 Jackson
Street.
• Wilson House Apts, LLC for redevelopment of property at 1243 Locust
Street in Dubuque.
• J B Lofts, LLC for development of property at 1301 Central Avenue in
Dubuque.
• Corridordbq, LLC for development of property at 1527 Central Avenue
in Dubuque.
• Dubuque Initiatives for development of property at 1701 Central
Avenue in Dubuque.
• Plastic Center, I nc. for development of property at 408 W. 5th Street in
Dubuque.
• Miller Companies for development of property at the intersection of
Flint Hill Drive and Cross Hill Drive in Dubuque.
RESOLUTION Supporting the submission of an Iowa Economic
Development Authority (I E DA) application to the Workforce Housing Tax
Credit Program by Millwork Flats, L.L.C.
RESOLUTION Supporting the submission of an Iowa Economic
Development Authority (I E DA) application to the Workforce Housing Tax
Credit Program by Miller Companies
RESOLUTION Supporting the submission of an Iowa Economic
Development Authority (I E DA) application to the Workforce Housing Tax
Credit Program by Corridordbq, LLC
RESOLUTION Supporting the submission of an Iowa Economic
Development Authority (I E DA) application to the Workforce Housing Tax
Credit Program by Dubuque Initiatives
RESOLUTION Supporting the submission of an Iowa Economic
Development Authority (I E DA) application to the Workforce Housing Tax
Credit Program by Plastic Center, Inc.
RESOLUTION Supporting the submission of an Iowa Economic
Development Authority (I E DA) application to the Workforce Housing Tax
Credit Program by JB Lofts, LLC
RESOLUTION Supporting the submission of an Iowa Economic
Development Authority (I E DA) application to the Workforce Housing Tax
Credit Program by Wilson House Apts, LLC
SUGGESTED Suggested Disposition: Receive and File; Adopt Resolution(s)
DISPOSITION:
ATTACHMENTS:
Description
Type
MVM Memo
City Manager Memo
Staff Memo - 408 W 5th
Staff Memo
Staff Memo - 1065 Jackson
Staff Memo
Staff Memo - 1243 Locust
Staff Memo
Staff Memo - 1301 Central
Staff Memo
Staff Memo - 1527 Central
Staff Memo
Staff Memo - 1701 Central
Staff Memo
Staff Memo - Key Gate
Staff Memo
Resolution - 408 W 5th
Staff Memo
Resolution - 1065 Jackson
Resolutions
Resolution - 1243 Locust
Resolutions
Resolution - 1301 Central
Resolutions
Resolution - 1527 Central
Resolutions
Resolution - 1701 Central
Resolutions
Resolution - Key Gate
Resolutions
THE CITY OF
Dubuque
DUB TEE1.
All -America City
Masterpiece on the Mississippi
� pp
zoo�•*o 13
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Resolutions of Support for Workforce Housing Tax Credit Applications
DATE: May 29, 2024
Economic Development Director Jill Connors is recommending City Council approve the
following resolutions of support for Workforce Housing Tax Credit Applications to the Iowa
Economic Development Department being submitted by:
• Millwork Flats, L.L.C. for redevelopment of property at 1065 Jackson Street.
• Wilson House Apts, LLC for redevelopment of property at 1243 Locust Street in
Dubuque.
• JB Lofts, LLC for development of property at 1301 Central Avenue in Dubuque.
• Corridordbq, LLC for development of property at 1527 Central Avenue in Dubuque.
• Dubuque Initiatives for development of property at 1701 Central Avenue in
Dubuque.
• Plastic Center, Inc. for development of property at 408 W. 5t" Street in Dubuque.
• Miller Companies for development of property at the intersection of Flint Hill Drive
and Cross Hill Drive in Dubuque.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Mic ael C. Van Milligen
MCVM:sv
Attachment
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Jill Connors, Economic Development Director
Dubuque
THE CITY OF
All -America My
nni K xvni , nz: a:u�ir,
DUB E
2007-2012.2013
Masterpiece on the Mississippi 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
Economic Development
Department
1300 Main Street
Dubuque, Iowa 52001-4763
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
SUBJECT: Resolution of Support for Workforce Housing Tax Credit Application by
Plastic Center, Inc.
DATE: May 22, 2024
INTRODUCTION
This memorandum presents for City Council approval a resolution of support for a
Workforce Housing Tax Credit Application to the Iowa Economic Development Department,
being submitted by Plastic Center, Inc. for development of property at 408 W. 5th Street in
Dubuque.
BACKGROUND
The Iowa Workforce Housing Tax Credit program provides tax benefits to developers to
provide housing in Iowa communities, focusing especially on those projects using
abandoned, empty, or dilapidated properties. Total program benefits are limited to $1
million per project.
DISCUSSION
Plastic Center, Inc. is anticipated to apply for and be eligible for City incentives, as
described in the attached housing creation incentives program approved by City Council
by Resolution No. 292-22 on September 6, 2022. Plastic Center, Inc. proposes to construct
Nine (9) multi -family residential units and invest approximately Two Million Four Hundred
Thousand Dollars $2,400,000 in the construction of the units.
The addition of the Iowa Workforce Housing Tax Credit to the capital stack improves the
viability of the project, increasing the developer's ability to adequately address the shortage
of housing in the community.
RECOMMENDATION
I respectfully request City Council approval of the attached resolution supporting Plastic
Center, Inc.'s application for Iowa Workforce Housing Tax Credits for its redevelopment
project at 408 W. 5t" Street in Dubuque.
2
Dubuque
THE CITY OF
All -America My
nni K xvni , nz: a:u�ir,
DUB E
2007-2012.2013
Masterpiece on the Mississippi 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
Economic Development
Department
1300 Main Street
Dubuque, Iowa 52001-4763
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
SUBJECT: Resolution of Support for Workforce Housing Tax Credit Application by
Millwork Flats, L.L.C.
DATE: May 29, 2024
INTRODUCTION
This memorandum presents for City Council approval a resolution of support for a
Workforce Housing Tax Credit Application to the Iowa Economic Development Department,
being submitted by Millwork Flats, L.L.C. for redevelopment of property at 1065 Jackson
Street.
BACKGROUND
The Iowa Workforce Housing Tax Credit program provides tax benefits to developers to
provide housing in Iowa communities, focusing especially on those projects using
abandoned, empty, or dilapidated properties. Total program benefits are limited to $1
million per project.
DISCUSSION
The City of Dubuque and Millwork Flats, L.L.C. have negotiated a Development Agreement
scheduled for public hearing June 17, 2024, including the issuance of a $500,000
Forgivable Loan and Urban Tax Increment Revenue Obligations. Millwork Flats, L.L.C.
proposes to construct Sixty -Two (62) multi -family residential units and invest approximately
Seventeen Million Five Hundred Thousand Dollars ($17,500,000.00) in the construction
of the units.
The addition of the Iowa Workforce Housing Tax Credit to the capital stack improves the
viability of the project, increasing the developer's ability to adequately address the shortage
of housing in the community.
RECOMMENDATION
I respectfully request City Council approval of the attached resolution supporting Millwork
Flats, L.L.C.' s application for Iowa Workforce Housing Tax Credits for its redevelopment
project at 1065 Jackson Street in Dubuque.
2
Dubuque
THE CITY OF
All -America My
nni K xvni , nz: a:u�ir,
DUB E
2007-2012.2013
Masterpiece on the Mississippi 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
Economic Development
Department
1300 Main Street
Dubuque, Iowa 52001-4763
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
SUBJECT: Resolution of Support for Workforce Housing Tax Credit Application by
Wilson House Apts, LLC
DATE: May 28, 2024
INTRODUCTION
This memorandum presents for City Council approval a resolution of support for a
Workforce Housing Tax Credit Application to the Iowa Economic Development Department,
being submitted by Wilson House Apts, LLC for redevelopment of property at 1243 Locust
Street in Dubuque.
BACKGROUND
The Iowa Workforce Housing Tax Credit program provides tax benefits to developers to
provide housing in Iowa communities, focusing especially on those projects using
abandoned, empty, or dilapidated properties. Total program benefits are limited to $1
million per project.
DISCUSSION
The City of Dubuque and Wilson House Apts, LLC entered into a Development Agreement
dated May 20, 2024, including the issuance of Economic Development Grants and Urban
Tax Increment Revenue Obligations, (the Agreement) by Resolution No. 145-24. Wilson
House Apts, LLC proposes to construct Five (5) multi -family residential units and invest
One Million Five Hundred Thousand Dollars ($1,500,000.00) in the construction of the
units.
The addition of the Iowa Workforce Housing Tax Credit to the capital stack improves the
viability of the project, increasing the developer's ability to adequately address the shortage
of housing in the community.
RECOMMENDATION
I respectfully request City Council approval of the attached resolution supporting Wilson
House Apts, LLC's application for Iowa Workforce Housing Tax Credits for its
redevelopment project at 1243 Locust Street in Dubuque.
2
Dubuque
THE CITY OF
All -America My
nni K xvni , nz: a:u�ir,
DUB E
2007-2012.2013
Masterpiece on the Mississippi 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
Economic Development
Department
1300 Main Street
Dubuque, Iowa 52001-4763
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
SUBJECT: Resolution of Support for Workforce Housing Tax Credit Application by JB
Lofts, LLC
DATE: May 23, 2024
INTRODUCTION
This memorandum presents for City Council approval a resolution of support for a
Workforce Housing Tax Credit Application to the Iowa Economic Development Department,
being submitted by JB Lofts, LLC for development of property at 1301 Central Avenue in
Dubuque.
BACKGROUND
The Iowa Workforce Housing Tax Credit program provides tax benefits to developers to
provide housing in Iowa communities, focusing especially on those projects using
abandoned, empty, or dilapidated properties. Total program benefits are limited to $1
million per project.
DISCUSSION
JB Lofts, LLC is anticipated to apply for and be eligible for City incentives, as described in
the attached housing creation incentives program approved by City Council by Resolution
No. 292-22 on September 6, 2022. JB Lofts, LLC proposes to construct Thirty (30)
multi -family residential units and invest approximately Seven Million Dollars $7,000,000 in
the construction of the units.
The addition of the Iowa Workforce Housing Tax Credit to the capital stack improves the
viability of the project, increasing the developer's ability to adequately address the shortage
of housing in the community.
RECOMMENDATION
I respectfully request City Council approval of the attached resolution supporting JB Lofts,
LLC 's application for Iowa Workforce Housing Tax Credits for its redevelopment project at
1301 Central Avenue in Dubuque.
2
Dubuque
THE CITY OF
All -America My
nni K xvni , nz: a:u�ir,
DUB E
2007-2012.2013
Masterpiece on the Mississippi 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
Economic Development
Department
1300 Main Street
Dubuque, Iowa 52001-4763
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
SUBJECT: Resolution of Support for Workforce Housing Tax Credit Application by
Corridordbq, LLC
DATE: May 23, 2024
INTRODUCTION
This memorandum presents for City Council approval a resolution of support for a
Workforce Housing Tax Credit Application to the Iowa Economic Development Department,
being submitted by Corridordbq, LLC for development of property at 1527 Central Avenue
in Dubuque.
BACKGROUND
The Iowa Workforce Housing Tax Credit program provides tax benefits to developers to
provide housing in Iowa communities, focusing especially on those projects using
abandoned, empty, or dilapidated properties. Total program benefits are limited to $1
million per project.
DISCUSSION
Corridordbq, LLC is anticipated to apply for and be eligible for City incentives, as described
in the attached housing creation incentives program approved by City Council by
Resolution No. 292-22 on September 6, 2022. Corridordbq, LLC proposes to construct
Ten (10) multi -family residential units and invest approximately Two Million Three Hundred
Thousand Dollars $2,300,000 in the construction of the units.
The addition of the Iowa Workforce Housing Tax Credit to the capital stack improves the
viability of the project, increasing the developer's ability to adequately address the shortage
of housing in the community.
RECOMMENDATION
I respectfully request City Council approval of the attached resolution supporting
Corridordbq, LLC's application for Iowa Workforce Housing Tax Credits for its
redevelopment project at 1527 Central Avenue in Dubuque.
2
Dubuque
THE CITY OF
All -America My
nni K xvni , nz: a:u�ir,
DUB E
2007-2012.2013
Masterpiece on the Mississippi 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
Economic Development
Department
1300 Main Street
Dubuque, Iowa 52001-4763
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
SUBJECT: Resolution of Support for Workforce Housing Tax Credit Application by
Dubuque Initiatives
DATE: May 28, 2024
INTRODUCTION
This memorandum presents for City Council approval a resolution of support for a
Workforce Housing Tax Credit Application to the Iowa Economic Development Department,
being submitted by Dubuque Initiatives for development of property at 1701 Central Avenue
in Dubuque.
BACKGROUND
The Iowa Workforce Housing Tax Credit program provides tax benefits to developers to
provide housing in Iowa communities, focusing especially on those projects using
abandoned, empty, or dilapidated properties. Total program benefits are limited to $1
million per project.
DISCUSSION
Dubuque Initiatives is anticipated to apply for and be eligible for City incentives, as
described in the attached housing creation incentives program approved by City Council
by Resolution No. 292-22 on September 6, 2022. Dubuque Initiatives proposes to
construct Four (4) multi -family residential units and invest approximately Six Hundred Fifty
Thousand Dollars $650,000 in the construction of the units.
The addition of the Iowa Workforce Housing Tax Credit to the capital stack improves the
viability of the project, increasing the developer's ability to adequately address the shortage
of housing in the community.
RECOMMENDATION
I respectfully request City Council approval of the attached resolution supporting Dubuque
Initiatives' application for Iowa Workforce Housing Tax Credits for its redevelopment project
at 1701 Central Avenue in Dubuque.
2
Dubuque
THE CITY OF
All -America My
nni K xvni , nz: a:u�ir,
DUB E
2007-2012.2013
Masterpiece on the Mississippi 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
Economic Development
Department
1300 Main Street
Dubuque, Iowa 52001-4763
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
SUBJECT: Resolution of Support for Workforce Housing Tax Credit Application by
Miller Companies
DATE: May 22, 2024
INTRODUCTION
This memorandum presents for City Council approval a resolution of support for a
Workforce Housing Tax Credit Application to the Iowa Economic Development Department,
being submitted by Miller Companies for development of property at the intersection of Flint
Hill Drive and Cross Hill Drive in Dubuque.
BACKGROUND
The Iowa Workforce Housing Tax Credit program provides tax benefits to developers to
provide housing in Iowa communities, focusing especially on those projects using
abandoned, empty, or dilapidated properties. Total program benefits are limited to $1
million per project.
DISCUSSION
Miller Companies is anticipated to apply for and be eligible for City incentives, as described
in the attached housing creation incentives program approved by City Council by
Resolution No. 292-22 on September 6, 2022. Miller Companies proposes to construct
Thirty -Six (36) multi -family residential units and invest approximately Twelve Million Dollars
$12,000,000 in the construction of the units.
The addition of the Iowa Workforce Housing Tax Credit to the capital stack improves the
viability of the project, increasing the developer's ability to adequately address the shortage
of housing in the community.
RECOMMENDATION
I respectfully request City Council approval of the attached resolution supporting Miller
Companies' application for Iowa Workforce Housing Tax Credits for its redevelopment
project at the intersection of Flint Hill Drive and Cross Hill Drive in Dubuque.
2
Prepared by: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
Return to: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
RESOLUTION NO. 172-24
SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT
AUTHORITY (IEDA) APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT
PROGRAM BY MILLWORK FLATS, L.L.C.
WHEREAS, Millwork Flats, L.L.G. owns the following described real property in the
City of Dubuque, Iowa:
CITY LOTS 384-387 & S 112 OF CITY LOT 388 (1065 JACKSON, 163 E 10TH);
locally known as 1065 Jackson Street; and
WHEREAS, Millwork Flats, L.L.C. proposes to construct sixty-two (62) multi -family
residential units on the Property and invest approximately Seventeen Million Five Hundred
Thousand Dollars ($17,500,000.00) (the Project); and
WHEREAS, the Project will support the City's efforts to create new housing
opportunities for a growing workforce within the community; and
WHEREAS, Millwork Flats, L.L.C. has committed a significant amount of private
financing to the Project; and
WHEREAS, the Project is located in the Greater Downtown Urban Renewal Area which
has been so designated by City Council Resolution 123-67, on May 18, 1967 as a slum and
blighted area (the Project Area) defined by Iowa Code Chapter 403 (the Urban Renewal Law);
and
WHEREAS, pursuant to Iowa Code Section 403.6(1), and in conformance with the Urban
Renewal Plan for the Project Area adopted on May 18, 1967 and last amended on December
18, 2023, City has the authority to enter into contracts and agreements to implement the Urban
Renewal Plan, as amended, including the issuance of Economic Development Grants and Urban
Tax Increment Revenue Obligations; and
WHEREAS, the City and Millwork Flats, L.L.C. have negotiated a Development
Agreement scheduled for public hearing June 17, 2024, including the issuance of a $500,000
Forgivable Loan and Urban Tax Increment Revenue Obligations, (the Agreement); and
WHEREAS, once completed, the Property is subject to 10 years of urban revitalization tax
abatement per Iowa Code Chapter 404; and
WHEREAS, Millwork Flats, L.L.C.'s application to the Workforce Housing Tax Credit
Program, a copy of which is attached hereto and by this reference made a part hereof, will
provide necessary tax credits and other benefits which will directly contribute to the
success of the Project; and
WHEREAS, the City supports said application to the Workforce Housing Tax Credit
Program by Millwork Flats, L.L.C.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council of the City of Dubuque hereby supports the
submission of an Iowa Economic Development Authority Application to the Workforce
Housing Tax Credit Program by Millwork Flats, L.L.C. for necessary tax credits and other
benefits directly contributing to the success of the Project at 1065 Jackson Street,
Dubuque, Iowa 52001.
Passed, approved and adopted this 3rd day of June, 2024.
Brad M. Cavana , Mayor
Attest:
Adrienne N. Breitfelder, City Clerk
Prepared by: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
Return to: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
RESOLUTION NO.173-24
SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT
AUTHORITY (IEDA) APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT
PROGRAM BY MILLER COMPANIES
WHEREAS, Miller Companies owns the following described real property in the City
of Dubuque, Iowa:
LOT K KEY GATE CENTER NO 3
(the Property); and
WHEREAS, Miller Companies proposes to construct Thirty -Six (36) multi -family
residential units on the Property and invest approximately Twelve Million Dollars
$12,000,000 in the construction of the units (the Project); and
WHEREAS, the Project will support the City's efforts to create new housing
opportunities for a growing workforce within the community; and
WHEREAS, Miller Companies has committed a significant amount of private
financing to the Project; and
WHEREAS, the Project is anticipated to apply for and be eligible for City incentives, as
described in a housing creation incentives program approved by City Council by Resolution No.
292-22 on September 6, 2022; and
WHEREAS, the City will designate an urban revitalization area around the property
by December 31, 2024 so that, once completed, the Property is subject to 10 years of
urban revitalization tax abatement per Iowa Code Chapter 404; and
WHEREAS, Miller Companies' application to the Workforce Housing Tax Credit
Program, a copy of which is attached hereto and by this reference made a part hereof, will
provide necessary tax credits and other benefits which will directly contribute to the
success of the Project; and
WHEREAS, the City supports said application to the Workforce Housing Tax Credit
Program by Miller Companies.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council of the City of Dubuque hereby supports the
submission of an Iowa Economic Development Authority Application to the Workforce
Housing Tax Credit Program by Miller Companies for necessary tax credits and other
benefits directly contributing to the success of the Project at the Property, located at the
intersection of Flint Hill Drive and Cross Hill Drive in Dubuque.
Passed, approved and adopted this 3rd day of June, 2024.
Brad M. Cv4nagh, Mayor
Attest:
Adrienne N. Breitfelder, City Clerk
Prepared by: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
Return to: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
RESOLUTION NO. 174-24
SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT
AUTHORITY (IEDA) APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT
PROGRAM BY CORRIDORDBQ, LLC
WHEREAS, Corridordbq, LLC owns the following described real property in the City
of Dubuque, Iowa:
SM 115 OF CITY LOT 451; locally known as 1527 Central Avenue
(the Property); and
WHEREAS, Corridordbq, LLC proposes to construct Ten (10) multi -family
residential units on the Property and invest approximately Two Million Three Hundred
Thousand Dollars $2,300,000 in the construction of the units (the Project); and
WHEREAS, the Project will support the City's efforts to create new housing
opportunities for a growing workforce within the community; and
WHEREAS, Corridordbq, LLC has committed a significant amount of private
financing to the Project; and
WHEREAS, the Project is anticipated to apply for and be eligible for City incentives, as
described in a housing creation incentives program approved by City Council by Resolution No.
292-22 on September 6, 2022; and
WHEREAS, once completed, the Property is subject to 10 years of urban revitalization tax
abatement per Iowa Code Chapter 404; and
WHEREAS, Corridordbq, LLC's application to the Workforce Housing Tax Credit
Program, a copy of which is attached hereto and by this reference made a part hereof, will
provide necessary tax credits and other benefits which will directly contribute to the
success of the Project; and
WHEREAS, the City supports said application to the Workforce Housing Tax Credit
Program by Corridordbq, LLC.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council of the City of Dubuque hereby supports the
submission of an Iowa Economic Development Authority Application to the Workforce
Housing Tax Credit Program by Corridordbq, LLC for necessary tax credits and other
benefits directly contributing to the success of the Project at the Property, located at the
Property at 1527 Central Avenue in Dubuque.
Passed, approved and adopted this 3rd day of June, 2024.
Brad M. Cave agh, Mayor
Attest:
A" �*�
Adrienne N. Breitfelder, City Clerk
Prepared by: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
Return to: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
RESOLUTION NO. 175-24
SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT
AUTHORITY (IEDA) APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT
PROGRAM BY DUBUQUE INITIATIVES
WHEREAS, Dubuque Initiatives, Inc. owns the following described real property
in the City of Dubuque, Iowa:
"Kennedy Central Avenue Place" in City Lot 675; and Lot "A" of "Kennedy Central
Avenue Place" in City Lot 675; in the City of Dubuque, Iowa, according to the recorded
plats thereof
(the Property); and
WHEREAS, Dubuque Initiatives proposes to create four (4) multi -family
residential units on the Property and invest approximately Six Hundred Fifty Thousand
Dollars ($650,000) in the creation of the units (the Project); and
WHEREAS, the Project will support the City's efforts to create new housing
opportunities for a growing workforce within the community; and
WHEREAS, Dubuque Initiatives has committed a significant amount of private
financing to the Project; and
WHEREAS, the Project is anticipated to apply for and be eligible for City incentives, as
described in a housing creation incentives program approved by City Council by Resolution
No. 292-22 on September 6, 2022; and
WHEREAS, once completed, the Property is subject to ten (10) years of urban
revitalization tax abatement per Iowa Code Chapter 404; and
WHEREAS, Dubuque Initiatives' application to the Workforce Housing Tax Credit
Program, a copy of which is attached hereto and by this reference made a part hereof,
will provide necessary tax credits and other benefits which will directly contribute to the
success of the Project; and
WHEREAS, the City supports said application to the Workforce Housing Tax
Credit Program by Dubuque Initiatives.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council of the City of Dubuque hereby supports the
submission of an Iowa Economic Development Authority Application to the Workforce
Housing Tax Credit Program by Dubuque Initiatives for necessary tax credits and other
benefits directly contributing to the success of the Project at the Property, located at the
Property at 1701 Central Avenue in Dubuque.
Passed, approved and adopted this 3Id day of June, 2024.
r'
rad M. Cam h, Mayor
Attest:
42i �
Adrienne N. Breiffelder, City Clerk
Prepared by: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
Return to: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
RESOLUTION NO. 176-24
SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT
AUTHORITY (IEDA) APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT
PROGRAM BY PLASTIC CENTER, INC.
WHEREAS, Plastic Center, Inc. owns the following described real property in the
City of Dubuque, Iowa:
E 110' OF CITY LOT 614; focally known as 408 W. 5th Street
(the Property); and
WHEREAS, Plastic Center, Inc. proposes to construct Nine (9) multi -family
residential units on the Property and invest approximately Two Million Four Hundred
Thousand Dollars $2,400,000 in the construction of the units (the Project); and
WHEREAS, the Project will support the City's efforts to create new housing
opportunities for a growing workforce within the community; and
WHEREAS, Plastic Center, Inc. has committed a significant amount of private
financing to the Project; and
WHEREAS, the Project is anticipated to apply for and be eligible for City incentives, as
described in a housing creation incentives program approved by City Council by Resolution No.
292-22 on September 6, 2022; and
WHEREAS, once completed, the Property is subject to 10 years of urban revitalization tax
abatement per Iowa Code Chapter 404; and
WHEREAS, Plastic Center, Inc.'s application to the Workforce Housing Tax Credit
Program, a copy of which is attached hereto and by this reference made a part hereof, will
provide necessary tax credits and other benefits which will directly contribute to the
success of the Project; and
WHEREAS, the City supports said application to the Workforce Housing Tax Credit
Program by Plastic Center, Inc.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council of the City of Dubuque hereby supports the
submission of an Iowa Economic Development Authority Application to the Workforce
Housing Tax Credit Program by Plastic Center, Inc. for necessary tax credits and other
benefits directly contributing to the success of the Project at the Property, located at the
Property at 408 W. 5th Street in Dubuque.
Passed, approved and adopted this 3rd day of June, 2024.
Brad M. Cava na ayor
Attest:
Adrienne N. Breitfelder, City Clerk
Prepared by: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
Return to: Jill Connors, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
RESOLUTION NO. 177-24
SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT
AUTHORITY (IEDA) APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT
PROGRAM BY JB LOFTS, LLC
WHEREAS, JB Lofts, LLC owns the following described real property in the City of
Dubuque, Iowa:
CITY LOT 449A; S215, M115, N115, N112-NM115, & S112-NM115 OF CITY LOT 449;
LOTS 1, 2, 4, 2-3, & 1-3 OF S112 OF CITY LOT 456; N112 OF M115 OF CITY LOT 456;
locally known as 1301 Central Avenue
(the Property); and
WHEREAS, JB Lofts, LLC proposes to construct Thirty (30) multi -family residential
units on the Property and invest approximately Seven Million Dollars $7,000,000 in the
construction of the units (the Project); and
WHEREAS, the Project will support the City's efforts to create new housing
opportunities for a growing workforce within the community; and
WHEREAS, JB Lofts, LLC has committed a significant amount of private financing
to the Project; and
WHEREAS, the Project is anticipated to apply for and be eligible for City incentives, as
described in a housing creation incentives program approved by City Council by Resolution No.
292-22 on September 6, 2022; and
WHEREAS, once completed, the Property is subject to 10 years of urban revitalization tax
abatement per Iowa Code Chapter 404; and
WHEREAS, JB Lofts, LLC's application to the Workforce Housing Tax Credit
Program, a copy of which is attached hereto and by this reference made a part hereof, will
provide necessary tax credits and other benefits which will directly contribute to the
success of the Project; and
WHEREAS, the City supports said application to the Workforce Housing Tax Credit
Program by JB Lofts, LLC.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council of the City of Dubuque hereby supports the
submission of an Iowa Economic Development Authority Application to the Workforce
Housing Tax Credit Program by JB Lofts, LLC for necessary tax credits and other benefits
directly contributing to the success of the Project at the Property, located at the Property at
1301 Central Avenue in Dubuque.
Passed, approved and adopted this 31d day of June, 2024.
a
rad M. C agh, Mayor
Attest:
? M
, &kA/,
Adrienne N. Breitfelder, City Clerk
Prepared by: Ian Hatch, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
Return to: Ian Hatch, Economic Development, 1300 Main Street, Dubuque IA 52001, 563 589-4105
RESOLUTION NO. 178-24
SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT
AUTHORITY (IEDA) APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT
PROGRAM BY WILSON HOUSE APTS, LLC
WHEREAS, Wilson House Apts, LLC owns the following described real property
in the City of Dubuque, Iowa:
The Northerly 64 feet of Out Lot No. 662A in the Town (now City) of Dubuque,
Iowa, according to the United States Commissioners' Plat of the Survey of said Town of
Dubuque
(the Property); and
WHEREAS, Wilson House Apts, LLC proposes to construct five (5) multifamily
residential units on the Property and invest approximately One Million Five Hundred
Thousand Dollars ($1,500,000.00) in the construction of the units (the Project); and
WHEREAS, the Project will support the City's efforts to create new housing
opportunities for a growing workforce within the community; and
WHEREAS, Wilson House Apts, LLC has committed a significant amount of
private financing to the Project; and
WHEREAS, the Project is located in the Greater Downtown Urban Renewal Area
which has been so designated by City Council Resolution 123-67, on May 18, 1967 as a slum
and blighted area (the Project Area) defined by Iowa Code Chapter 403 (the Urban Renewal
Law); and
WHEREAS, pursuant to Iowa Code Section 403.6(1), and in conformance with the
Urban Renewal Plan for the Project Area adopted on May 18, 1967 and last amended on
December 18, 2023, City has the authority to enter into contracts and agreements to
implement the Urban Renewal Plan, as amended, including the issuance of Economic
Development Grants and Urban Tax Increment Revenue Obligations; and
WHEREAS, the City and Wilson House Apts, LLC have negotiated a Development
Agreement for reference dated May 20, 2024, including economic development grants and
the issuance of Urban Tax Increment Revenue Obligations, (the Agreement) by Resolution
No. 145-24; and
WHEREAS, once completed, the Property is subject to ten (10) years of urban
revitalization tax abatement per Iowa Code Chapter 404; and
WHEREAS, Wilson House Apts, LLC's application to the Workforce Housing Tax
Credit Program, a copy of which is attached hereto and by this reference made a part
hereof, will provide necessary tax credits and other benefits which will directly contribute
to the success of the Project; and
WHEREAS, the City supports said application to the Workforce Housing Tax
Credit Program by Wilson House Apts, LLC
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA.
Section 1. That the City Council of the City of Dubuque hereby supports the
submission of an Iowa Economic Development Authority Application to the Workforce
Housing Tax Credit Program by Wilson House Apts, LLC for necessary tax credits and
other benefits directly contributing to the success of the Project at 1243 Locust Street,
Dubuque, Iowa 52001.
Passed, approved and adopted this 3rd day of June, 2024.
� J
Brad M. Cavana , Mayor
C-
Attest:
Adrienne N. Breitfelder, City Clerk