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Resolutions Approving and Extending an Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area
City of Dubuque City Council Meeting Public Hearings # 04. Copyrighted June 17, 2024 ITEM TITLE: Resolutions Approving and Extending an Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area SUMMARY: Proof of publication on notice of public hearing to consider City Council adopt the Resolution approving an Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area and a Resolution approving a 3-year extension of the division of revenue for the South Pointe Housing Urban Renewal Area, and City Manager recommending approval. SUGGESTED DISPOSITION: ATTACHMENTS: Description MVM Memo Staff Memo Notice of Public Hearing Consultation Minutes Urban Renewal Plan Attachment A - Map Attachment B-1 Attachment B-2 Attachment C Attachment D RESOLUTION Approving the Amended and Restated Urban Renewal Plan Version 2024.1, for the South Pointe Housing Urban Renewal Area RESOLUTION Approving the Extension Agreement by and Among the City of Dubuque, Iowa, Dubuque County, Iowa, and the Dubuque Community School District for the Division of Revenue for the South Pointe Housing Urban Renewal Area Suggested Disposition: Receive and File; Adopt Resolution(s) Extension Agreement - County signature Extension Agreement - DCSD signature Resolution of Approval Resolution Approving Extension Agreement Extension Agreement Type City Manager Memo Staff Memo Supporting Documentation Supporting Documentation Supporting Documentation Supporting Documentation Supporting Documentation Supporting Documentation Supporting Documentation Supporting Documentation Supporting Documentation Supporting Documentation Resolutions Resolutions Supporting Documentation Extension Agreement - County Signature Supporting Documentation Pages —Uploaded 6.17.24 THE CITY DUOF B TEE Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager Dubuque All -America City IN 2007.2012.2013 2017*2019 SUBJECT: Resolutions Approving and Extending an Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area DATE: June 12, 2024 Economic Development Director Jill Connors is recommending City Council adopt the Resolution approving an Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area and a Resolution approving a 3-year extension of the division of revenue for the South Pointe Housing Urban Renewal Area. Due to supply chain delays during and following the Covid-19 pandemic, and subsequent economic impacts including increased material costs and higher lending interest rates, housing development slowed significantly from 2020 - 2023 increasing the necessary timeline to develop a residential housing subdivision. Greater Dubuque Development Corporation President and CEO Rick Dickinson met with the city and the developer on this project to propose that he would approach our state legislators to amend the current state law related to Housing TIF's. Our state legislators advocated on our behalf. This impact has been felt statewide, which has prompted the Iowa legislature and the Governor to support a three-year extension of housing urban renewal areas. This would extend the timeframe for division of revenue within the Area through 2032. As part of extending the division of revenue by three years as authorized by recent Iowa legislation, the City requested consent from the Dubuque County Board of Supervisors and the Dubuque Community School District via an Extension Agreement. This Extension Agreement was approved by the Board of Supervisors on June 3, 2024, and by the Dubuque Community School District Board of Education on June 10, 2024. The City is also a party to this attached extension agreement, which is attached hereto as well as a separate resolution. A City Council public hearing on the Amended and Restated Urban Renewal Plan is to be held on June 17, 2024. The notice of public hearing was published on June 7, 2024, to allow for the appropriate publication requirements. I concur with the recommendation and respectfully request Mayor and City Council approval. Micha I 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-1i&E 1 htt (563) w.city fd ® http://www.cityofdubuque.org 2007-2012.2013 Masterpiece on the Mississippi 2017*2019 TO: Michael Van Milligen, City Manager FROM: Jill M. Connors, Economic Development Director, City of Dubuque SUBJECT: Resolutions Approving and Extending an Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area DATE: June 12, 2024 J► k I:Z67111100 Eel01 This memorandum presents for City Council consideration a Resolution approving an Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area and a Resolution approving a 3-year extension of the division of revenue for the South Pointe Housing Urban Renewal Area. The proposed Amended and Restated Urban Renewal Plan would extend the timeline for urban renewal projects to be undertaken in accordance with recent revisions to Chapter 403 of the Iowa Code, and that the proposed Amended and Restated Urban Renewal Plan (the "Plan") be updated to include additional urban renewal project descriptions and make any other necessary revisions. BACKGROUND The South Pointe Housing Urban Renewal Area (the "Area") was originally established by Resolution 101-17 by the City Council of the City of Dubuque, Iowa, on March 20, 2017. The purpose of creating the Area was to facilitate the construction of much needed housing and residential development in the Dubuque area market, as described in the Plan, and as defined by the Iowa Code §403.17(12). Per Iowa Code Section §403.19 the City of Dubuque was limited to collecting tax increment for a period of ten years in that District. DISCUSSION Due to supply chain delays during and following the Covid-19 pandemic, and subsequent economic impacts including increased material costs and higher lending interest rates, housing development has slowed significantly, increasing the necessary timeline to develop the residential housing. This impact has been felt statewide, which has prompted the Iowa legislature and the Governor to support a three-year extension of housing urban renewal areas by a period of three years. This would extend the timeframe for division of revenue within the Area through 2032. 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 May 29, 2024. No representatives from the taxing bodies were in attendance. Minutes are attached. As part of extending the division of revenue by three years as authorized by recent Iowa legislation, the City requested consent from the Dubuque County Board of Supervisors and the Dubuque Community School District via an Extension Agreement. This Extension Agreement was approved by the Board of Supervisors on June 3, 2024 and by the Dubuque Community School District Board of Education on June 10, 2024. The City is also a party to this attached extension agreement, which is attached hereto as well as a separate resolution. A City Council public hearing on the Amended and Restated Urban Renewal Plan is to be held on June 17, 2024. The notice of public hearing was published on June 7, 2024 to allow for the appropriate publication requirements. RECOMMENDATION I recommend, following the public hearing, the City Council adopt the attached Resolutions approving and extending the Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area to extend the division of revenue and any other applicable updating that may be necessary. 2 CITY OF DUBUQUE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the Dubuque City Council will conduct a public hearing on the 17th day of June, 2024, at 6:30 p.m., in the Historic Federal Building, 350 W. 6t" Street, 2nd floor, Dubuque, Iowa, at which meeting the City Council proposes to amend the Amended and Restated Urban Renewal Plan to a Version 2024.1 for the South Point Housing Urban Renewal Area ("the Area") by extending the division of revenue for three years in accordance with modifications to Chapter 403 of the Iowa Code, and to update additional urban renewal project descriptions and make any other necessary revisions including previously approved tax increment financing rebates related to a Development Agreement. At the meeting, the City Council will receive oral and written comments from any resident or property owner of said City to the above action. The official agenda will be posted the Friday before the meeting and will contain public input options. The City Council agenda can be accessed at https://cityofdubuque.novusagenda.com/AgendaPublic/ or by contacting the City Clerk's Office at 563-589-4100, ctyclerk@cityofdubuque.org. Written comments regarding the above public hearings may be submitted to the City Clerk's Office via email at ctyclerk@cityofdubuque.org or by mail to City Clerk's Office, City Hall, 50 W. 13t" St., Dubuque, IA 52001, before said time of public hearing. At said time and place of public hearings the City Council will receive any written comments. Copies of supporting documents for the public hearings are on file in the City Clerk's Office and may be viewed Monday through Friday between 8:00 a.m. and 5:00 p.m. Individuals with limited English proficiency, vision, hearing, or speech impairments requiring special assistance should contact the City Clerk's Office at (563) 589-4100, TDD (563) 690-6678, ctyclerk@cityofdubuque.org as soon as feasible. Deaf or hard -of -hearing individuals can use Relay Iowa by dialing 711 or (800) 735-2942. Published by order of the City Council given on the 20th day of May 2024. Adrienne N. Breitfelder, City Clerk MINUTES CONSULTATION WITH AFFECTED TAXING BODIES for the AMENDED AND RESTATED URBAN RENEWAL PLAN 2024.1 for the South Pointe Housing Urban Renewal Area: Wednesday, May 29, 2024 at 2:00 p.m. GoToMeeting Conference Line Conference Line: (571) 317-3122 Access Code: 649-882-501 Meeting Commenced: 2:00 p.m. Present: No representatives from the taxing bodies were in attendance. Meeting Adjourned: 2:30 p.m. Jill M. Connors Economic Development Director, City of Dubuque AMENDED and RESTATED URBAN RENEWAL PLAN South Pointe Housing Urban Renewal Area City of Dubuque, Iowa This Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area was originally established by Resolution 101-17 by the City Council of the City of Dubuque, Iowa, on March 20, 2017; and subsequently amended and restated by + Resolution 204-17 on June 5, 2017, and • Resolution 196-24 on June 17, 2024. Prepared by the Economic Development Department. Version 2024.1 TABLE OF CONTENTS A. INTRODUCTION B. DESCRIPTION OF THE URBAN RENEWAL AREA C. AREA DESIGNATION D. BASE VALUE E. DEVELOPMENT PLAN F. RESIDENTIAL DEVELOPMENT G. AREA OBJECTIVES H. TYPE OF RENEWAL ACTIVITIES I. PROPOSED PROJECTS J. FINANCIAL DATA K. URBAN RENEWAL FINANCING L. PROPERTY ACQUISITION/DISPOSITION M. RELOCATION N. STATE AND LOCAL REQUIREMENTS O. SEVERABILITY P. URBAN RENEWAL PLAN AMENDENTS Q. EFFECTIVE PERIOD R. PROPERTY WITHIN URBAN REVITALIZATION AREA S. JOINT CITY/COUNTY AGREEMENT ATTACHMENTS A. MAP OF URBAN RENEWAL AREA B-1. MAP OF EXISTING LAND USE B-2. MAP OF FUTURE LAND USE C. SUMMARY OF BONDED INDEBTEDNESS D. LEGAL DESCRIPTION OF URBAN RENEWAL AREA E. ZONING MAP F. JOINT CITY/COUNTY AGREEMENT -2- A. INTRODUCTION This Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area ("Plan" or "Urban Renewal Plan") has been developed to help local officials promote housing and residential 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 South Pointe 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. Any amendments to the Plan will be completed in accordance with Chapter 403 of the Iowa Code ("Urban Renewal Law"). C. AREA DESIGNATION With the adoption of this Plan, the City 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 Urban Renewal Area is legally established, a tax increment financing ("TIF") ordinance is adopted, and debt is certified prior to December 1, 2017, the taxable valuation within the area included in the TIF ordinance as of January 1, 2016, 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 TIF ordinance area as of January 1 of the calendar year preceding the calendar year in which the City first certifies the amount of any debt. E. DEVELOPMENT PLAN -3- The City Council has approved a general plan for the physical development of the City as a whole, outlined in the 2012 City of Dubuque Comprehensive Plan that was adopted by the City Council on February 6, 2012. The goals, objectives, and projects in this Urban Renewal Plan are in conformity with the City's Comprehensive Plan. The Urban Renewal Area is subject to zoning ordinances adopted by the City and County of Dubuque, and includes the following zoning classifications: City R-1, City R-2, City R-3, City R-4, City C-2, City C-2c, City C-3, City C-3c, City CS, City CSc, City LI, City AG, City PI, City PC, and City PR; and County R1, County R2, County R3, County R4, County Al, County B1, County B2, County M1, and County M2. See Attachment E 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. The need for improved traffic, public transportation, public utilities, recreational and community facilities, or other public improvements within the Urban Renewal Area is set forth in this Plan, as amended. As the Area develops, the need for public infrastructure extensions and upgrades will be evaluated and planned for by the City. F. RESIDENTIAL DEVELOPMENT The City's objective in the Urban Renewal Area is to promote new housing and residential development. When a City utilizes tax increment financing to support residential development, a percentage of the incremental revenues (or other revenues) generated by the project (not to exceed the project costs which are limited to reimbursement of "public improvement" costs as defined by Iowa law) must be used to provide assistance for low and moderate income ("LMI") family housing. LMI families are those whose incomes do not exceed 80% of the median Dubuque County income. LMI families include single person households. Unless a reduction is approved by the Iowa Economic Development Authority, the percentage of incremental revenues used to provide LMI family housing assistance must be at least equal to the percentage of LMI families living in Dubuque County, -4- as determined by the U.S. Department of Housing and Urban Development using Section 8 guidelines. Incremental revenues equal to the required amount of LMI assistance 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; 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; 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 Urban Renewal Area and to provide housing assistance to LMI families. More specific objectives for development within the Urban Renewal Area are as follows: 1. To increase the availability of housing opportunities, which may in turn attract and retain local industries and commercial enterprises that will 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 eligible public improvements, as defined in Iowa Code §384.37 (19) in support of new housing development. -5- 5. To provide a more marketable and attractive investment climate. 6. To improve the housing conditions and housing opportunities for LMI families. 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 or maintenance of public infrastructure including but not limited to eligible public improvements, as defined in Iowa Code §384.37 (19). 3. To finance programs which will directly benefit housing conditions and promote the availability of housing in the community. 4. To make loans, grants, rebates, or other types of economic development grants or incentives to private persons, local development organizations, or businesses 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, providing for necessary physical improvements and infrastructure. 8. To provide for the construction of specific site improvements such as grading and site preparation activities, access roads and parking, fencing, utility connections, and related activities. 9. 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. M 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. I. PROPOSED PROJECT 1. Public Improvements. This urban renewal project involves the construction of public infrastructure to serve a new approximately 184-lot subdivision under development by Dubuque South Pointe, LLC or a related entity ("Developer"). The City expects to construct certain public improvements in the Area which may include a public recreational area, fiber conduit, stormwater, sanitary, & water utility improvements, and road improvements. The estimated time period for completion of this project is 2017 — 2028. The total cost for construction of the public improvements shall not exceed $3.4 million. 2. Development Agreement. This proposed urban renewal project involves providing incentives necessary to construct certain public improvements in a new non-LMI subdivision. 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. Rebates for Developer's certified actual costs related to Phase One of the project are not to exceed $770,701 (or such lesser amount as may be determined by the City Council), whichever is less, for a period of time to be determined by the City Council, but in no event shall the rebates be available for a period of more than 13 years. Rebates, related to Phase Two of the project, made after May 21, 2024, are not to exceed the actual total of the Qualified Costs, as defined in the Development Agreement, dated for reference June 5, 2017, as amended, during the term of the Amended Development Agreement, for development activities. These rebates related to Phase One and Phase Two 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 at least the amount of incremental taxes generated by the project in accordance with Iowa Code §403.22 to support LMI family -7- housing anywhere in the community. The remaining incremental taxes will be available to reimburse the City for its planning, legal and other project costs, public improvement costs, and to fund property tax rebates to the Developer up to a maximum of the Developer's certified costs of public improvements, as set forth in a development agreement with Developer. 3. Planning, engineering fees (for urban renewal plans), attorney fees, other related costs to support urban renewal projects consistent with the provisions of Section 403.6 and Section 403.12 including, but not limited to, staffing and personnel related expenses such as salary incurred by the economic development, engineering, and planning departments and other City personnel related to and supporting economic development and urban renewal projects within the Area. Such fees and expenses shall not exceed $50,000. J. FINANCIAL DATA 1. July 1, 2024, Statutory debt limit: $262,722,395(see Attachment C) 2. Outstanding general obligation debt: $105,280,288 (see Attachment C) 3. Proposed amount of indebtedness to be incurred: A specific amount of indebtedness to be incurred for the Proposed Projects has not yet been determined. This document is for planning purposes only. The estimated project costs in this Plan are estimates only and will be incurred and spent over a number of years. In no event will the City's constitutional debt limit be exceeded. The City Council will consider each project proposal on a case -by -case basis to determine if it is in the City's best interest to participate before approving an urban renewal project or expense. If is further expected that such indebtedness, including interest on the same, may be financed in whole or in part with tax increment revenues from the Urban Renewal Area. Subject to the foregoing, it is estimated that the cost of the Proposed Projects as described above will be approximately $3,399,560 plus any LMI set -aside. K. URBAN RENEWAL FINANCING The City intends to utilize various financing tools such as those described below to successfully undertake the proposed urban renewal actions. The City has the statutory authority to use a variety of tools to finance physical improvements within the Area. These include- 1 . Tax Increment Financing -8- Under Section 403.19 of the Iowa Code, urban renewal areas may utilize the tax increment financing mechanism to finance the costs of public improvements or economic development incentives associated with redevelopment projects. Upon creation of a tax increment district within the Area, by ordinance, the assessment base is frozen and the amount of tax revenue available from taxes paid on the difference between the frozen base and the increased value, if any, is segregated into a separate fund for the use by the City to pay costs of the eligible urban renewal projects. The increased taxes generated by any new development, above the base value, are distributed to the taxing entities, if not requested by the City. 2. General Obligation Bonds Under Division III of Chapter 384 and Chapter 403 of the Iowa Code, the City has the authority to issue and sell general obligation bonds for specified essential and general corporate purposes, including the acquisition and construction of certain public improvements within the Area or incentives for development consistent with this Plan. Such bonds are payable from the levy of unlimited ad valorem taxes on all the taxable property within the City. It may be the City will elect to abate some or all of the debt service on these bonds with incremental taxes from this Area. The City may also determine to use tax increment financing to provide incentives such as cash grants, loans, tax rebates or other incentives to developers in connection with urban renewal projects in the Plan or other urban renewal projects. In addition, the City may determine to issue general obligation bonds, tax increment revenue bonds or such other obligations, or loan agreements for the purpose of making loans or grants of public funds to private businesses located in the Area. Alternatively, the City may determine to use available funds for making such loans or grants for urban renewal projects. In any event, the City may determine to use tax increment financing to reimburse the City for any obligations or advances. Nothing herein shall be construed as a limitation on the power of the City to exercise any lawful power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter 427B, or any other provision of the Code in furtherance of the objectives of this Urban Renewal Plan. L. PROPERTY ACQUISITION/DISPOSITION IM Other than easements and public rights -of -way, 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 Iowa Code. M. 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. N. 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. O. SEVERABILITY 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. 1:7 7_1►IN4611ATi%1>!�W_1z1461111iyiI4Z111'? This Urban Renewal 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, to add or change the urban renewal projects, or to amend property acquisition and disposition provisions. The City Council may amend this Plan pursuant to appropriate procedures under Iowa Code Chapter 403. Q. 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. -10- With respect to the property included within the Urban Renewal 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 thirteen (13) years for this Urban Renewal Area as it was originally created prior to January 1, 2018 and the 2024 amendment to the Iowa Code at §403.22(5) authorizes a three (3) year extension with the consent of the County and School District. The "division of revenue" begins 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 Urban Renewal Area. 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 Urban Renewal Plan shall be limited as deemed appropriate by the City Council and consistent with all applicable provisions of law. R. PROPERTY WITHIN URBAN REVITALIZATION AREA The Urban Renewal Area is, or at some future date may be, located within an Urban Revitalization Area under Chapter 404 of the Iowa Code. No tax abatement incentives will be allowed for development that occurs in the Urban Renewal Area unless previously authorized by the City Council. S. JOINT CITY/COUNTY AGREEMENT In accordance with Section 403.17(4) of the Code of Iowa, a City may exercise urban renewal powers with respect to property which is located outside but within two (2) miles of the boundary of a City only if the City obtains the consent of the County within which such property is located. A Joint Agreement, which gives the City permission to include property outside the City limits in the Urban Renewal Area, has been executed by the City and Dubuque County. A form of the Joint Agreement is attached as Attachment F. 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Yz. ��' 2i e \LLS RD Q South Pointe Housing Urban Renewal Area O ! ae Q Dubuque City Limits cc Dubuque County Future Land Use Commercial BARRINGTON DR ��Q� '1 A SW Rural Density :ill O� �OQ ER/q CO47 . ` RR pOR Single-f mily 0 City • Dubuque • • LOBS' ST HTS Commercial 4 Mixed Residential WvZ OREGON ST n SingleOpen Space S, OAKLAND FARMS RD ,. 77 o oLU Debt Management City of Dubuque Summary of Bonded Indebtedness Description Date of Issue Average Interest Rate Year of Final Payment Amount of Issue Principal Outstanding 6/30/24 Principal Due FY 2025 Interest Due FY 2025 Principal Outstanding 6/30/25 General Obligation Bonds (Essential Corporate Purpose) Airport New Terminal Furnishings ST20% 6/2/21 2.00% 2026 25,000 10,149 5,049 203 5,100 Airport Improvements Refunding ST20% 4/17/17 3.00% 2030 282,200 140,600 24,800 4,218 115,800 Airport Improv - PFC Refunding 6/2/21 2.00% 2032 1,353,033 1,016,721 118,332 20,334 898,389 Airport Improv - Sales Tax 20% Ref 6/2/21 2.00% 2032 10,000 - - - - Airport Terminal Utility Improv - PFC Ref 6/2/21 2.00% 2034 490,000 385,000 35,000 7,700 350,000 Airport New Terminal Roads ST20% 4/4/16 2.79% 2036 635,927 402,851 31,652 11,636 371,199 Airport Recon Taxiway Alpha - FY24 ST20% Future 4.50% 2044 132,489 132,489 2,158 5,480 130,331 Airport Improvements - FY25 ST20% Future 4.50% 2045 500,386 - 500,386 Building- Conf Center Energy ST20% 6/20/19 3.00% 2027 187,136 71,808 23,936 2,154 47,872 Building 18th Street Improv Sales Tax 20% 3/19/18 3.05% 2026 391,913 109,190 52,645 3,386 56,545 Building City Hall Brickwork Sales Tax 20% 6/20/19 3.00% 2027 236,448 94,989 30,660 6,274.8 64,329 Building Smart Meters Refunding ST20% 4/17/17 3.00% 2030 45,400 22,600 4,000 678 18,600 Building Federal Bldg Roof Sales Tax 20% 4/4/16 2.79% 2035 268,404 170,031 13,359 4,911 156,672 Building 2nd Floor Engine House 1 - ST20% 8/1/23 4.70% 2043 207,113 207,113 6,821 9,902 200,292 Civic Center Improvements - Sales Tax 20% 6/20/19 3.00% 2027 323,146 129,818 41,902 8,576 87,916 Civic Center Chair Platform S3 ST20% 6/20/19 3.00% 2027 59,340 22,770 7,590 683 15,180 DICW Expansion - South Siegert Farm 3/19/18 3.05% 2026 239,534 66,735 32,176 2,070 34,559 DICW North Siegert Refunding 4/17/17 3.00% 2029 1,285,000 595,000 115,000 17,850 480,000 DICW Expansion Consult Refund 2012H 6/2/21 2.00% 2032 95,580 71,508 8,142 1,430 63,366 DICW Exp S Siegert Ref Taxable 6/2/21 2.00% 2032 2,498,375 1,877,375 218,500 37,548 1,658,875 DICW Exp South Siegert Farm Non -tax 6/20/19 3.00% 2032 305,357 203,271 24,333 4,980 178,938 DICW Refund 2014C Taxable 6/2/21 2.00% 2034 1,145,000 910,000 85,000 18,200 825,000 DICW Webber Property 6/29/22 4.07% 2042 5,500,000 5,500,000 95,000 234,513 5,405,000 DICWChavenelle Road - FY21 Non -Taxable 6/2/21 2.00% 2041 1,265,000 1,155,000 60,000 23,100 1,095,000 DICW Develop McFadden Property - FY24 Future 4.50% 2044 1,788,800 1,788,800 29,131 73,990 1,759,669 DICW Development of McFadden - FY25 Future 4.50% 2045 2,274,963 - 2,274,963 E911 Tower Relocation - Sales Tax 20% 6/20/19 3.00% 2027 141,869 56,993 18396 3765 38,597 Finance General Ledger Software ST20% 6/2/21 2.00% 2041 244,239 216,288 10,648 4,326 205,640 Finance General Ledger Software ST20% 6/29/22 4.07% 2042 420,457 401,747 18710 17016 383,037 Fire Station #4 Improvements - Gaming 6/20/19 3.00% 2027 188,054 62,254 20,732 4,243 41,522 Recreation ST20% 10 Yr Refunding 2014B 6/2/21 2.00% 2025 51,545 13,078 13,078 262 - Airport ST20% 10 Yr Refunding 2014B 6/2/21 2.00% 2025 28,182 7,151 7,151 143 - Building ST20% 10 Yr Refunding 2014B 6/2/21 2.00% 2025 87,596 22,227 22,227 445 - Transit ST20% 10 Yr Refunding 2014E 6/2/21 2.00% 2025 11,407 2,895 2,895 58 - Fire Station #2 ST20% 10 yr Refund 2014B 6/2/21 2.00% 2025 91,227 23,149 23149 463 - Park Imp ST20% 10 yr Refund 2014B 6/2/21 2.00% 2025 35,046 8,893 8,893 178 - Fire Truck Refunding - Debt Service Levy 4/17/17 3.00% 2030 951,500 474,400 83,700 14,232 390,700 Fire Station #2 ST20% 20 yr Refund 2014B 6/2/21 2.00% 2034 85,217 74,042 5,096 1,481 68,946 Park Imp ST20 20% yr Refund 2014B 6/2/21 2.00% 2034 124,780 108,416 7,462 2,168 100,954 Fire Ambulance Replacement ST20% 4/17/17 3.00% 2030 230,000 120,000 20,000 3,600 100,000 Fire Structural Repairs 5&6 ST20% 6/20/19 3.00% 2039 448,875 448,875 13,466 448,875 Fire Ladder/Pumper / HVAC ST20% 6/2/21 2.00% 2041 810,153 717,438 35,320 14,349 682,118 Fire Ladder/Pumper/Ambulance ST20% 6/29/22 4.07% 2042 1,924,543 1,843,253 81,290 73,928 1,761,963 217 Debt Management Description Date of Issue Average Interest Rate Year of Final Payment Amount of Issue Fire HVAC Headquarters Sales Tax 20% 8/1/23 4.70% 2043 188,576 Fire Ladder/Pumper Replac ST20% Future 4.50% 2044 2,090,000 Fire Ambulance - FY24 ST20% Future 4.50% 2044 344,000 Fire HVAC - FY24 ST20% Future 4.50% 2044 442,645 Fire Equip Replacement - FY25 ST20% Future 4.50% 2045 969,342 Fire Station Improvements - FY25 ST20% Future 4.50% 2045 1,320,900 Fire Training Burn Tower Imp FY25 ST20% Future 4.50% 2045 466,676 Franchise Fee Settlement Levy 4/4/16 2.93% 2035 2,830,000 GDTIF Colts Building Renovation 6/20/19 3.00% 2039 1,575,000 GDTIF - Parks Jackson/Clock Non -Taxable 6/2/21 2.00% 2041 535,000 GDTIF - DT Parking Ramp - FY21 6/2/21 2.00% 2036 880,167 GDTIF Eng Dock Expansion - FY21 6/2/21 2.00% 2036 409,833 GDTIF DT Parking Ramp - FY22 6/29/22 4.07% 2042 975,000 GDTIF Docks/Five Flags AC - FY22 6/29/22 4.07% 2042 745,000 GDTIF Central/Parking Ramp/Five Flags 8/1/23 4.70% 2043 1,080,000 GDTIF Smart Parking - FY24 Future 4.50% 2044 1,217,500 GDTIF Ramp Major Maintenance - FY24 Future 4.50% 2044 270,777 GDTIF Iowa Amphitheater -FY24 Future 4.50% 2044 3,000,000 GDTIF Iowa Amphitheater -FY25 Future 4.50% 2045 285,000 GDTIF ABC Supply Building - FY25 Future 4.50% 2045 457,000 GDTIF Smart Parking - FY25 Future 4.50% 2045 1,957,000 GDTIF Ramp Major Maintenance - FY25 Future 4.50% 2045 6,053,000 GDTIF Federal Building Renovation - FY25 Future 4.50% 2045 533,000 GDTIF Downtown Housing Refunding 4/17/17 3.00% 2030 2,120,000 GDTIF Millwork District Refunding 4/17/17 3.00% 2030 2,080,000 GDTIF - 7th St/2-Way Conversion Ref 6/2/21 2.00% 2031 3,204,576 GDTIF - Intermodal 2012A Refunding 6/2/21 2.00% 2031 2,545,000 GDTIF 5th St Restroom/MFC 2012H Ref 6/2/21 2.00% 2032 1,254,420 GDTIF Wash Neigh Refunding Taxable 6/2/21 2.00% 2032 493,592 GDTIF 2014C Taxable Refunding 6/2/21 2.00% 2034 5,385,000 GDTIF 2014B Refunding 6/2/21 2.00% 2034 155,000 Library Improvements - Sales Tax 20% 6/20/19 3.00% 2022 39,408 Library Improv Sales Tax 20% Ref 2012E 6/2/21 2.00% 2027 84,526 Park Improvements - Sales Tax 20% 6/20/19 3.00% 2027 47,290 Park Water System Study Ref ST20% 4/17/17 3.00% 2030 60,000 Park Ham House - Sales Tax 20% 4/4/16 2.79% 2035 200,668 Park Skate Park ST20% 6/20/19 3.00% 2027 613,524 Parking Port of Dubuque Parking Ramp 3/19/18 3.05% 2026 373,553 Parking Central Ave Ramp Refunding 4/17/17 3.00% 2030 6,380,000 Parking Iowa Street Ramp Improvements 3/19/18 2.91% 2031 45,516 Parking Locust Ramp Security Cameras 6/20/19 3.00% 2033 126,054 Parking Improvements Refunding 2014E 6/2/2021 2.00% 2034 125,000 Parking Improv Taxable Refunding 2014C 6/2/21 2.00% 2034 220,000 Police CAD Software - Gaming Ref 6/2/21 2.00% 2030 160,000 Public Works Equip Ref RUT 4/17/17 3.00% 2030 392,000 Public Works Radio Replacement ST20% 3/19/18 2.91% 2028 110,000 PW Curb Ramp/Eng St Improv Ref ST30% 6/2/21 2.00% 2034 885,000 Rec Imp Sales Tax 20% Refunding 2012E 6/2/21 2.00% 2028 7,572 Rec Ice Center Settling Sales Tax 20% 8/1/23 4.70% 2043 4,614,310 Sanitary Improvements Refunding 4/17/17 3.00% 2030 660,000 Sanitary Sewer Improvements 3/19/18 2.91% 2031 1,030,009 Sanitary Forcemain Refunding 2012E 6/2/21 2.00% 2032 376,122 Sanitary Sewer Improvements 6/20/19 3.00% 2033 1,124,412 Sanitary Sewer Imp Refunding 2014B 6/2/21 2.00% 2034 4,390,000 Sanitary Sewer Improvements 4/4/16 2.79% 2035 2,405,000 Solid Waste Collection Refunding 4/17/17 3.00% 2030 51,300 Solid Waste Collection 3/19/2018 2.91% 2031 27,447 Principal Principal Interest Principal Outstanding Due Due Outstanding 6/30124 FY 2025 FY 2025 6/30/25 188,576 6,211 9,016 182,365 2,090,000 34,036 86,449 2,055,964 344,000 5,602 14,229 338,398 442,645 7,209 18,309 435,436 - 969,342 - 1,320,900 - 466,676 1,760,000 145,000 53,906 1,615,000 1,370,000 75,000 41,100 1,295,000 535,000 - 10,700 535,000 822,171 61,407 16,443 760,764 382,828 28,593 7,657 354,235 975,000 40,000 41,453 935,000 745,000 30,000 31,668 715,000 1,080,000 35,000 51,683 1,045,000 1,217,500 19,827 50,359 1,197,673 270,777 4,410 11,200 266,367 3,000,000 105,455 122,794 2,894,545 - 285,000 - 457,000 - 1,957,000 - 6,053,000 - 533,000 1,140,000 170,000 36,805 970,000 1,075,000 165,000 32,250 910,000 2,329,252 307,847 46,585 2,021,405 1,845,000 240,000 36,900 1,605,000 938,492 106,858 18,770 831,634 370,904 43,168 7,418 327,736 4,275,000 390,000 85,500 3,885,000 125,000 10,000 2,500 115,000 15,831 5,110 1,046 10,721 42,893 14,156 858 28,737 18,998 6,132 1,255 12,866 29,900 5,300 738 24,600 127,120 9,988 3,672 117,132 235,422 78,474 7,063 156,948 104,075 50,179 3,228 53,896 2,990,000 560,000 89,700 2,430,000 26,955 3,453 809 23,502 77,444 9,733 1,992 67,711 95,000 10,000 1,900 85,000 175,000 15,000 3,500 160,000 110,000 20000 2,200 90,000 195,400 34,500 5,862 160,900 45,606 10,732 1,368 34,874 710,000 65,000 14,200 645,000 4,391 1,082 88 3,309 4,614,310 151,968 220,619 4,462,342 340,000 50,000 10,200 290,000 609,965 78,146 18,300 531,819 275,965 33,031 5,519 242,934 740,381 82,733 16,932 657,648 3,475,000 315,000 69,500 3,160,000 1,525,000 120,000 44,006 1,405,000 25,600 4,500 768 21,100 16,254 2,082 488 14,172 218 Debt Management Description Solid Waste Collection - FY24 Solid Waste Collection - FY25 Stormwater Refunding Stormwater Improvements Refunding Stormwater Improvements Stormwater Improv Refunding 2012B Stormwater Improv Refunding 2012E Stormwater Improvements Stormwater Upper Bee Branch SRF GO NA Streetlight Replacement Refunding - ST Street FEMA Land Buyout - Gaming Street Fiber/Sidewalk/Lights Refunding RUT Street Southwest Arterial Street Southwest Arterial - Refunding 2012E Transit Radio Replacement ST20% Transit Midtown Transfer ST20% Transit Vehicle Replacement ST20% Water System Improvements Water Improv Refunding 2012E Water System Improvements Water System Improv Refunding 2014B Water System Improvements Total General Obligation Bonds Less Annual Appropriation G.O. Total G.O. Bonds Subject to Debt Limit Date of Issue Future Future 4/4/16 4/17/17 3/19/18 6/2/21 6/2/21 6/20/19 4/30/21 4/17/17 6/20/19 4/17/17 3/19/18 6/2/21 3/19/18 6/20/19 6/2/21 3/19/18 6/2/21 6/20/19 6/2/21 4/4/16 Average Interest Rate 4.50% 4.50% 2.91 % 3.00% 2.91 % 2.00% 2.00% 3.00% 1.18% 3.00% 3.00% 3.00% 2.91 % 2.00% 2.91 % 3.00% 2.00% 2.91 % 2.00% 3.00% 2.00% 2.79% Year of Final Payment 2044 2045 2028 2030 2031 2031 2032 2033 2037 2030 2027 2030 2031 2032 2028 2039 2041 2031 2032 2033 2034 2035 Tax Increment Port of Dubuque Parking Ramp 10-16-07 7.5000% 2037 Total Tax Increment Bonds Total Tax Increment Amount Principal Principal Interest Principal of Outstanding Due Due Outstanding Issue 6/30124 FY 2025 FY 2025 6/30/25 148,000 148,000 2,410 6,122 145,590 873,700 - - - 873,700 6,270,000 1,200,000 440,000 36,000 760,000 2,015,000 1,000,000 165,000 30,000 835,000 1,714,542 1,015,356 130,081 30,460 885,275 1,115,424 810,748 107,153 16,215 703,595 77,131 56,592 6,774 1,132 49,818 290,796 193,576 19,467 3,984 174,110 22,138,000 17,378,398 1,227,000 248,806 16,151,398 4,900 2,500 400 75 2,100 64,901 25,428 8,468 1,733 16,960 258,600 129,000 22,800 3,870 106,200 771,557 456,920 58,537 13,708 398,383 827,747 643,857 67,486 12,877 576,371 95,000 39,392 9,268 1,182 30,124 216,125 216,125 6,484 216,125 780,609 691,275 34,032 13,826 657,243 1,155,930 684,546 87,700 20,536 596,846 369,768 271,303 32,473 5,426 238,830 1,323,107 871,017 97,333 19,920 773,684 7,470,000 5,915,000 535,000 118,300 5,380,000 635,000 405,000 30,000 11,688 375,000 146,447,786 95,787,605 8,292,237 2,615,789 103,186,336 - (15,902,592) - - (14,675,138) 146,447,786 79,885,013 8,292,237 2,615,789 88,511,198 23,025,000 16,350,000 785,000 1,226,250 15,565,000 23,025,000 16,350,000 785,000 1,226,250 15,565,000 23,025,000 16,350,000 785,000 1,226,250 15,565,000 TIF bond issue for the Port of Dubuque Parking Ramp backed by Greater Downtown TIF & a minimum assessment agreement Tax Increment Economic Development TIF Rebate Aareements Medline (DICW) 11/19/07 Simmons Pet Food (DICW) 12/9/20 Hodge (DICW) 4/6/20 Green Industrial Supply (DICW) 8/15/11 Tri-State Quality Metals (DICW) NA 3/17/14 Roasting Solutions (DICW) NA 1/14/16 Rite Hite(DICW) Non -Appropriation 1/14/17 Hormel Foods (DICW) 4/21/08 Linseed Oil (GDTIF) Multi -Res 3/7/13 Rousselot (GDTIF) (Non -Appropriation) 1/22/13 METX - Lamar Building (GDTIF) NA 5/13/20 Marquette Hall (Non -Appropriation) 5/20/19 3 Amigos (Non -Appropriation) 4/15/19 210 Jones (Non -Appropriation) 6/19/17 Prairie Farms Dairy (Non -Appropriation) 3/18/19 Julien Hotel (GDTIF) 4/21/08 44 Main (GDTIF) Multi -Res 10/18/10 Barker Financial (GDTIF) Multi -Res 8/16/10 253 Main St. (GDTIF) (Non -Appropriation) 4/6/15 Spahn and Rose (GDTIF) NA 4/21/14 Franklin Investment -Multires (GDTIF) 4/4/11 Plastic Center Betty Jane Block (GDTIF) 2/7/11 Caradco (GDTIF) Multi -Res 3/21/11 Bonson 356 Main St. (GDTIF) Multi -Res 12/19/11 Rebate 2031 1,600,279 416,629 416,629 - 416,629 Rebate 2030 397,918 436,111 436,111 - 436,111 Rebate 2035 257,073 543,368 543,368 - 543,368 Rebate 2023 105,391 105,391 105,391 - 105,391 Rebate 2026 32,510 59,436 73,975 - 73,975 Rebate 2028 33,666 64,577 68,924 - 68,924 Rebate 2030 24,190 114,749 143,654 - 143,654 Rebate 2026 8,250,067 543,830 271,915 - 271,915 Rebate 2030 576,504 103,644 17,274 - 86,370 Rebate 2025 4,931 21,484 21,484 Rebate 2031 75,660 182,914 182,914 - 182,914 Rebate 2031 9,170 4,863 4,863 - 4,863 Rebate 2031 2,516 7,055 7,055 - 7,055 Rebate 2031 10,348 21,295 21,295 - 21,295 Rebate 2031 5,626 9,586 9,586 - 9,586 Rebate 2026 3,260,286 533,958 266,979 - 266,979 Rebate 2027 446,799 245,856 81,952 - 163,904 Rebate 2027 297,282 41,460 13,820 - 27,640 Rebate 2027 5,798 2,601 3,094 - 3,094 Rebate 2027 108,221 124,882 124,882 - 124,882 Rebate 2028 437,225 85,120 21,280 - 63,840 Rebate 2028 148,957 26,884 6,721 - 20,163 Rebate 2028 1,499,442 537,072 134,268 - 402,804 Rebate 2028 152,286 39,332 9,833 - 29,499 219 Debt Management Description Date of Issue Average Interest Rate Year of Final Payment Amount of Issue Principal Outstanding 6/30124 Principal Due FY 2025 Interest Due FY 2025 Principal Outstanding 6/30/25 Roshek Building (GDTIF) NA 2/17/09 Rebate 2030 5,149,852 280,309 280,309 - 515,175 Novelty Iron Works (GDTIF) (Non-Approp) 6/17/13 Rebate 2031 33,105 204,402 204,402 - 204,402 Gardens of Dubuque (RADFORD) 9/28/20 Rebate 2038 1,391,310 1,298,556 92,754 - 1,205,802 Rockfarm Holdings (TECH) NA 10/7/14 Rebate 2027 42,301 49,426 49,426 - 49,426 Total TIF Rebates 24,358,713 6,104,790 3,614,158 - 5,449,660 Bowling & Beyond Lease Buyout 10-15-12 Buyout 2032 1,000,000 400,000 50,000 - 350,000 Iowa Finance Authority Loan - Caradco 12-01-10 3.0000% 2030 4,500,000 2,540,485 226,314 74,530 2,314,171 Total Other Lns-Rev Backed 5,500,000 2,940,485 276,314 74,530 2,664,171 Total City Indebtedness Subject to Debt Limit 199,331,499 105,280,288 12,967,709 3,916,569 112,190,029 Revenue Bonds Sanitary Northfork Catfish Imp SRF 1/13/10 3.25% 2031 912,000 337,000 52,000 10,953 285,000 Sanitary W&RRC Upgrade SRF 8/18/10 3.25% 2039 74,285,000 47,502,000 2,747,000 950,039 44,755,000 Sanitary WRRC Cogeneration SRF 5/17/13 2.00% 2033 3,048,000 1,522,000 156,000 30,440 1,366,000 Sanitary Kerper Boulevard & Sponsor SRF 3/8/19 1.00% 2038 2,763,000 1,906,537 129,000 19,114 1,777,537 Sanitary Projects Planning - FY21 SRF Various 2.00% 2043 1,770,000 1,732,668 75,788 34,276 1,656,880 Sanitary Granger Creek & Force Main Plan 1/7/2022 -% 2044 465,000 455,192 19,910 9,005 435,282 Sanitary 42" Force Main WQFP Loan 3/3/2023 1.00% 2043 1,950,000 1,862,000 89,000 18,620 1,773,000 Sanitary Projects- FY24 (FY23 Carryovers) Future 2.68% 2044 11,290,109 11,290,109 456,443 274,920 10,833,666 Sanitary Projects- FY24 Future 2.68% 2044 4,228,710 4,228,710 170,961 102,971 4,057,749 Sanitary Projects- FY25 Future 2.68% 2045 17,683,900 17,683,900 Stormwater Lower Bee Branch Rest SRF 10/27/10 3.25% 2041 7,850,000 5,337,000 240,000 173,452 5,097,000 Stormwater Lower Bee Branch SRF 9/1/14 2.00% 2034 1,029,000 168,000 17,000 3,360 151,000 Stormwater Northfork Catfish Improv. SRF 1/13/10 3.25% 2031 800,000 295,000 45,000 9,588 250,000 Stormwater Sales Tax Increment Rev NA 6/15/15 3.72% 2031 20,800,000 16,725,000 2,150,000 618,968 14,575,000 Stormwater Sales Tax Revenue - GO 5/19/2014 3.23% 2029 7,190,000 6,000,000 1,125,000 275,500 4,875,000 Stormwater Upper Bee Branch RR SRF 6/7/19 2.00% 2040 16,382,000 13,603,000 730,000 272,060 12,873,000 Stormwater West 32nd Detention SRF 1/14/09 3.25% 2028 1,847,000 466,000 111,000 15,145 355,000 Water Webber Extension - FY22 1/7/22 -% 2044 1,570,000 1,536,886 67,224 30,403 1,469,662 Water Projects- FY24 (FY23 Carryovers) Future 2.68% 2044 1,633,646 1,633,646 66,046 39,780 1,567,600 Water Projects- FY24 Future 2.68% 2044 4,140,315 4,140,315 167,387 100,819 3,972,928 Water Projects- FY25 Future 2.68% 2045 4,686,377 - - - 4,686,377 Water Roosevelt Water Tower SRF 8/9/19 2.00% 2040 4,400,000 3,654,000 196,000 73,080 3,458,000 Water CIWA Purchase & Improvements 7/7/17 2.00% 2036 8,613,761 6,063,761 521,000 152,960 5,542,761 Water- Clear Well Reservoirs SRF 10/18/07 3.25% 2028 915,000 232,000 55,000 4,640 177,000 Water Meter Change Out Program SRF 2/12/10 3.25% 2031 6,394,000 2,692,000 349,000 87,587 2,343,000 Water System Improv & Ext. Refunding 8/18/21 2.00% 2030 3,505,000 2,435,000 380,000 48,700 2,055,000 Total Revenue Bonds 210,151,818 135,817,824 10,115,759 3,356,380 148,072,342 Less Annual Appropriation Revenue Bds - (13,956,032) - - (11,803,968) Net Revenue Bonds 210,151,818 121,861,792 10,115,759 3,356,380 136,268,374 Total City Indebtedness 409,483,317 257,000,704 23,083,468 7,272,949 274,9 77,509 Statutory Debt Limit 262,722,395 $321,926,12 % of Debt Limit Used 40.07 % 34.85 % Remaining Debt Capacity 157,442,107 209,736,091.4 220 ATTACHMENT D SOUTH POINTE HOUSING URBAN RENEWAL AREA UPDATED April 17, 2017 LEGAL DESCRIPTION: Lot 1 of Tower Investments Subdivision No. 1, City of Dubuque; and Lot 1 of Lot 1 of Lot 2 of Tower Investments Subdivision No. 1, City of Dubuque; and Lot 2 of Table Mound Mobile Home Park, City of Dubuque; and Lot 2 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of Lot 2 of Lot 2 of Mineral Lot 483, City of Dubuque;and Lot 1 of Mary Lou Place, City of Dubuque; and Lot 1 of Mcnamer Acres No. 1; and Lot 1 of Mcnamer Acres No. 3; and Lot 2 of Mcnamer Acres No. 3; and All that part of the Rockdale Road Right of Way lying South of the Easterly extension of the North line of Lot 1 of Mary Lou Place and lying North of the Southern terminus of the Rockdale Road Right of Way; and All that part of the Key West Drive Right of Way and the Us Highway 61 Right of Way lying South of the Easterly and Westerly extension of the South line of Lot 2-1-1-1-3 of Annie Waller Subdivision #2 and lying North of the Easterly and Westerly extension of that part of Lot 1 of Mineral Lot 479 lying West of U.S. Highway 61, and All of the Manson Road Right of Way, in the City of Dubuque, Iowa; and Lot 1-2-1-1-1-1-1-1-2-1-4 of Mineral Lot 501; and All that part of the Kelly Lane Right of Way Lying North and West of the West line of Lot 4 of Old Mill Subdivision and its Northerly extension; and Lot 1-2, 1-2-1, 1-3-1, 2-1-1, 2-2-3-1, 2-2-2, 2-2-2-1 All in Mineral Lot 514; and Lot 10 Peg-O-Mesa Subdivision; and All that part of the Fremont Avenue Right of Way lying West and South of the South line of Lot 14 in Block 1 of Birch Acres and its Northwesterly extension; and All that part of the Cedar Cross Road Right of Way lying South of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 51h P.M.; and All that part of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th P.M. lying East of the Westerly line of Lot 1 of Part of Lot 1-1 of Mineral Lot 233 and its Northerly extension and lying West of the Westerly line of Lot 2-2 of Mineral Lot 211A and its Northerly extension; and All that part of the Cedar Cross Road Right of Way lying South of the Southern Right of Way line of U.S. Highway 20 (Dodge Street) and lying North of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th P.M.; and All that part of the U.S. Highway 20 (Dodge Street) Right of Way lying West of a line connecting the Northwest corner of Lot 2-1-1-1 of Bartels Center Grove Place and the Southeast corner of Lot 1 of Hardee's First Addition and lying East of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 5th P.M.; and All that part of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 51h P.M. lying East of the Easterly line of Lot 2 of West End Commercial Subdivision #2 and its Southerly extension and lying West of the Westerly line of Lot 1 of Clin-Que Inc Addition No. 2 and its Southerly extension; and All that part of the U.S. Highway 20 (Dodge Street) Right of Way lying South and West of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 5th P.M. and North and East of the Northerly extension of West Lot line of Lot 6 of Key City Subdivision; and Lot 6 of Key City Subdivision, Dubuque County Iowa; and All that part of West Key Drive Right of Way adjacent to Lot 6 of Key City Subdivision; and All that part of Royal Wood Drive Right of Way lying South of the Southerly Right of Way line of West Key Drive and North of the Northerly Right of Way line of North Cascade Road; and Lot 1 of Lot 1 of the Southeast Quarter of the Northwest Quarter of Section 13, T88N, R1E of the 5th P.M.; and All that part of the English Mill Road Right of Way lying South of the Northerly line of the South 10 Acres of Lot 1 of the Southeast Quarter of the Northwest Quarter of Section 5, T88N, R2E and its Easterly extension and lying North of the Northerly Right of Way line of North Cascade Road; and All that part of the Northwesterly Half of the North Cascade Road Right of Way lying South and West of the East line of Lot 1 of Dieters Place and its Northerly extension and lying North and East of the West line of Lot 1-1 of Elizabeth Watter's Place and its Northerly extension; and All that part of the North Cascade Road Right of Way lying South and West of the West line of Lot 1-1 of Elizabeth Watter's Place and its Northerly extension and lying North and East of the East line of Lot 1-1 of Dane Place and its Southerly extension; and All that part of the Southeasterly Half of the North Cascade Road Right of Way lying South and West of the East line of Lot 1-1 of Dane Place and its Southerly extension and lying North and East of the Easterly Right of Way line of U.S. Highway 20. A part of Lot 2-2-1-1-2 of Mineral Lot 483, Lot 1-2-1-1-2 of Mineral Lot 483, and Lot 1-2-2-2 of Mineral Lot 483 in the City of Dubuque, Iowa, more particularly described as follows: Beginning at the southwest corner of Lot 2-2-1-1-2 of Mineral Lot 483; thence North 04 Degrees 51 Minutes 47 Second East a distance of 127.24 feet; thence North 29 Degrees 44 Minutes 54 Seconds East a distance of 170.93 feet; thence North 80 Degrees 19 Minutes 29 Seconds East a distance of 40.03 feet to the southerly right of way line of Tower Drive; thence South 84 Degrees 00 Minutes 14 Seconds East along said southerly right of way line a distance of 1.39 feet; thence South 87 Degrees 49 Minutes 21 Seconds East along said southerly right of way line a distance of 95.54 feet; thence South 80 Degrees 19 Minutes 29 Seconds West a distance of 125.43 feet; thence South 29 Degrees 44 Minutes 54 Seconds West a distance of 157.07 feet; thence South 04 Degrees 51 Minutes 47 Seconds West a distance of 121.90 feet; thence North 87 Degrees 48 Minutes 19 Seconds West a distance of 20.02 feet to the point of beginning. A part of Mineral Lot 486 in the City of Dubuque, Iowa, more particularly described as follows: Commencing at the northeast corner of Mineral Lot 486; thence North 76 Degrees 36 Minutes 57 Seconds West along the northerly line of said lot a distance of 403.64 feet to the point of beginning; thence South 65 Degrees 40 minutes 26 Seconds West a distance of 65.15 feet; thence North 24 Degrees 19 Minutes 34 Seconds West a distance of 20.00 feet; thence North 65 Degrees 40 Minutes 26 Seconds East a distance of 39.29 feet to the north line of said lot; thence South 76 Degrees 36 Minutes 57 Seconds East along the north line of said lot a distance of 32.70 feet to the point of beginning. A part of Mineral Lot 486 in the City of Dubuque, Iowa, more particularly described as follows: Commencing at the northeast corner of Mineral Lot 486; thence North 76 Degrees 36 Minutes 57 Seconds West along the northerly line of said lot a distance of 628.75 feet; thence North 79 Degrees 50 Minutes 55 Seconds West along the north line of said lot a distance of 139.90 feet to the point of beginning; thence South 08 Degrees 41 Minutes 38 Seconds East a distance of 72.68 feet, thence South 81 Degrees 18 Minutes 22 Seconds West a distance of 20.00 feet; thence North 08 Degrees 41 Minutes 38 Seconds West a distance of 79.50 feet to a point on the north line of said lot; thence South 79 Degrees 50 Minutes 55 Seconds East along the north line of said lot a distance of 21.13 feet to the point of beginning. A part of Mineral Lot 488 in the City of Dubuque, Iowa, more particularly described as follows: Commencing at the northeast corner of Mineral Lot 486; thence North 76 Degrees 36 Minutes 57 Seconds West along the northerly line of said lot a distance of 628.75 feet; thence North 79 Degrees 50 Minutes 55 Seconds West along the north line of said lot a distance of 321.31 feet; thence North 69 Degrees 04 Minutes 44 Seconds West along the north line of said lot a distance of 304.67 feet; thence North 42 Degrees 36 Minutes 17 Seconds West along the north line of said lot and the easterly line of Mineral Lot 488 a distance of 223.95; thence North 67 Degrees 26 Minutes 34 Seconds West along the easterly line of Mineral Lot 488 a distance of 186.99 feet; thence North 27 Degrees 46 Minutes 34 Seconds West along the easterly line of said lot a distance of 79.24 feet; thence North 12 Degrees 43 Minutes 23 Seconds East a distance of 598.76 feet to the point of beginning; thence South 73 Degrees 55 Minutes 19 Seconds West a distance of 95.02 feet; thence North 16 Degrees 04 Minutes 41 Seconds West a distance of 20.00 feet, thence North 73 Degrees 55 Minutes 19 Seconds East a distance of 106.02 feet to a point on the easterly line of said lot; thence South 12 Degrees 43 Minutes 23 Seconds West along the easterly line of said lot a distance of 22.82 feet to the point of beginning. A part of Mineral Lot 488 in the City of Dubuque, Iowa, more particularly described as follows: Commencing at the northeast corner of Mineral Lot 486; thence North 76 Degrees 36 Minutes 57 Seconds West along the northerly line of said lot a distance of 628.75 feet; thence North 79 Degrees 50 Minutes 55 Seconds West along the north line of said lot a distance of 321.31 feet; thence North 69 Degrees 04 Minutes 44 Seconds West along the north line of said lot a distance of 304.67 feet; thence North 42 Degrees 36 Minutes 17 Seconds West along the north line of said lot and the easterly line of Mineral Lot 488 a distance of 223.95; thence North 67 Degrees 26 Minutes 34 Seconds West along the easterly line of Mineral Lot 488 a distance of 186.99 feet; thence North 27 Degrees 46 Minutes 34 Seconds West along the easterly line of said lot a distance of 79.24 feet; thence North 12 Degrees 43 Minutes 23 Seconds East a distance of 640.72 feet; thence North 12 Degrees 47 Minutes 24 Seconds East along the easterly line of said lot a distance of 169.27 feet to the point of beginning; thence North 80 Degrees 41 Minutes 00 Seconds West a distance of 207.65 feet; thence North 09 Degrees 19 Minutes 00 Seconds East a distance of 20.00 feet; thence South 80 Degrees 41 Minutes 00 Seconds East a distance of 208.86 feet to point on the easterly line of said lot; thence South 12 Degrees 47 Minutes 24 Seconds West a distance of 20.04 feet to the point of beginning. A part of Lot 2-1-2 of Tower Investment Subdivision No. 1 in the City of Dubuque, Iowa, more particularly described as follows: Beginning at the southwest corner of Lot 1-2-2 of Tower Heights in the City of Dubuque, Iowa; thence South 04 Degrees 49 Minutes 39 Seconds West along the westerly right of way line of Tower Drive a distance of 15.02 feet to the point of beginning; thence continuing South 04 Degrees 49 Minutes 39 Seconds West along said westerly line a distance of 30.03 feet; thence North 82 Degrees 49 Minutes 29 Seconds West a distance of 497.68 feet to a point on the westerly line of Lot 2-1-2 of Tower Investment Subdivision No. 1; thence North 05 Degrees 44 Minutes 16 Seconds West along said westerly lot line a distance of 30.78 feet; thence South 82 Degrees 49 Minutes 29 Seconds East a distance of 503.33 feet to the point of beginning. wo WELD pR DANIELS ST = IDEAL LN V'4N UNIVERSITY AVER ( �2 ,o -- "&REN STJ�c FPGRACE STW 5TH ST ZO ' �, J�S�E�BENNETT ST 1 '�, �� <G0vAT-.1, C ENT E C= _ FtiF m > i o O O s QQQ iz Q� ASS z ■:.. 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Yz. ��' 2i e \LLS RD Q South Pointe Housing Urban Renewal Area O ! ae Q Dubuque City Limits cc Dubuque County Future Land Use Commercial BARRINGTON DR ��Q� '1 A SW Rural Density :ill O� �OQ ER/q CO47 . ` RR pOR Single-f mily 0 City • Dubuque • • LOBS' ST HTS Commercial 4 Mixed Residential WvZ OREGON ST n SingleOpen Space S, OAKLAND FARMS RD ,. 77 o oLU Debt Management City of Dubuque Summary of Bonded Indebtedness Description Date of Issue Average Interest Rate Year of Final Payment Amount of Issue Principal Outstanding 6/30/24 Principal Due FY 2025 Interest Due FY 2025 Principal Outstanding 6/30/25 General Obligation Bonds (Essential Corporate Purpose) Airport New Terminal Furnishings ST20% 6/2/21 2.00% 2026 25,000 10,149 5,049 203 5,100 Airport Improvements Refunding ST20% 4/17/17 3.00% 2030 282,200 140,600 24,800 4,218 115,800 Airport Improv - PFC Refunding 6/2/21 2.00% 2032 1,353,033 1,016,721 118,332 20,334 898,389 Airport Improv - Sales Tax 20% Ref 6/2/21 2.00% 2032 10,000 - - - - Airport Terminal Utility Improv - PFC Ref 6/2/21 2.00% 2034 490,000 385,000 35,000 7,700 350,000 Airport New Terminal Roads ST20% 4/4/16 2.79% 2036 635,927 402,851 31,652 11,636 371,199 Airport Recon Taxiway Alpha - FY24 ST20% Future 4.50% 2044 132,489 132,489 2,158 5,480 130,331 Airport Improvements - FY25 ST20% Future 4.50% 2045 500,386 - 500,386 Building- Conf Center Energy ST20% 6/20/19 3.00% 2027 187,136 71,808 23,936 2,154 47,872 Building 18th Street Improv Sales Tax 20% 3/19/18 3.05% 2026 391,913 109,190 52,645 3,386 56,545 Building City Hall Brickwork Sales Tax 20% 6/20/19 3.00% 2027 236,448 94,989 30,660 6,274.8 64,329 Building Smart Meters Refunding ST20% 4/17/17 3.00% 2030 45,400 22,600 4,000 678 18,600 Building Federal Bldg Roof Sales Tax 20% 4/4/16 2.79% 2035 268,404 170,031 13,359 4,911 156,672 Building 2nd Floor Engine House 1 - ST20% 8/1/23 4.70% 2043 207,113 207,113 6,821 9,902 200,292 Civic Center Improvements - Sales Tax 20% 6/20/19 3.00% 2027 323,146 129,818 41,902 8,576 87,916 Civic Center Chair Platform S3 ST20% 6/20/19 3.00% 2027 59,340 22,770 7,590 683 15,180 DICW Expansion - South Siegert Farm 3/19/18 3.05% 2026 239,534 66,735 32,176 2,070 34,559 DICW North Siegert Refunding 4/17/17 3.00% 2029 1,285,000 595,000 115,000 17,850 480,000 DICW Expansion Consult Refund 2012H 6/2/21 2.00% 2032 95,580 71,508 8,142 1,430 63,366 DICW Exp S Siegert Ref Taxable 6/2/21 2.00% 2032 2,498,375 1,877,375 218,500 37,548 1,658,875 DICW Exp South Siegert Farm Non -tax 6/20/19 3.00% 2032 305,357 203,271 24,333 4,980 178,938 DICW Refund 2014C Taxable 6/2/21 2.00% 2034 1,145,000 910,000 85,000 18,200 825,000 DICW Webber Property 6/29/22 4.07% 2042 5,500,000 5,500,000 95,000 234,513 5,405,000 DICWChavenelle Road - FY21 Non -Taxable 6/2/21 2.00% 2041 1,265,000 1,155,000 60,000 23,100 1,095,000 DICW Develop McFadden Property - FY24 Future 4.50% 2044 1,788,800 1,788,800 29,131 73,990 1,759,669 DICW Development of McFadden - FY25 Future 4.50% 2045 2,274,963 - 2,274,963 E911 Tower Relocation - Sales Tax 20% 6/20/19 3.00% 2027 141,869 56,993 18396 3765 38,597 Finance General Ledger Software ST20% 6/2/21 2.00% 2041 244,239 216,288 10,648 4,326 205,640 Finance General Ledger Software ST20% 6/29/22 4.07% 2042 420,457 401,747 18710 17016 383,037 Fire Station #4 Improvements - Gaming 6/20/19 3.00% 2027 188,054 62,254 20,732 4,243 41,522 Recreation ST20% 10 Yr Refunding 2014B 6/2/21 2.00% 2025 51,545 13,078 13,078 262 - Airport ST20% 10 Yr Refunding 2014B 6/2/21 2.00% 2025 28,182 7,151 7,151 143 - Building ST20% 10 Yr Refunding 2014B 6/2/21 2.00% 2025 87,596 22,227 22,227 445 - Transit ST20% 10 Yr Refunding 2014E 6/2/21 2.00% 2025 11,407 2,895 2,895 58 - Fire Station #2 ST20% 10 yr Refund 2014B 6/2/21 2.00% 2025 91,227 23,149 23149 463 - Park Imp ST20% 10 yr Refund 2014B 6/2/21 2.00% 2025 35,046 8,893 8,893 178 - Fire Truck Refunding - Debt Service Levy 4/17/17 3.00% 2030 951,500 474,400 83,700 14,232 390,700 Fire Station #2 ST20% 20 yr Refund 2014B 6/2/21 2.00% 2034 85,217 74,042 5,096 1,481 68,946 Park Imp ST20 20% yr Refund 2014B 6/2/21 2.00% 2034 124,780 108,416 7,462 2,168 100,954 Fire Ambulance Replacement ST20% 4/17/17 3.00% 2030 230,000 120,000 20,000 3,600 100,000 Fire Structural Repairs 5&6 ST20% 6/20/19 3.00% 2039 448,875 448,875 13,466 448,875 Fire Ladder/Pumper / HVAC ST20% 6/2/21 2.00% 2041 810,153 717,438 35,320 14,349 682,118 Fire Ladder/Pumper/Ambulance ST20% 6/29/22 4.07% 2042 1,924,543 1,843,253 81,290 73,928 1,761,963 217 Debt Management Description Date of Issue Average Interest Rate Year of Final Payment Amount of Issue Fire HVAC Headquarters Sales Tax 20% 8/1/23 4.70% 2043 188,576 Fire Ladder/Pumper Replac ST20% Future 4.50% 2044 2,090,000 Fire Ambulance - FY24 ST20% Future 4.50% 2044 344,000 Fire HVAC - FY24 ST20% Future 4.50% 2044 442,645 Fire Equip Replacement - FY25 ST20% Future 4.50% 2045 969,342 Fire Station Improvements - FY25 ST20% Future 4.50% 2045 1,320,900 Fire Training Burn Tower Imp FY25 ST20% Future 4.50% 2045 466,676 Franchise Fee Settlement Levy 4/4/16 2.93% 2035 2,830,000 GDTIF Colts Building Renovation 6/20/19 3.00% 2039 1,575,000 GDTIF - Parks Jackson/Clock Non -Taxable 6/2/21 2.00% 2041 535,000 GDTIF - DT Parking Ramp - FY21 6/2/21 2.00% 2036 880,167 GDTIF Eng Dock Expansion - FY21 6/2/21 2.00% 2036 409,833 GDTIF DT Parking Ramp - FY22 6/29/22 4.07% 2042 975,000 GDTIF Docks/Five Flags AC - FY22 6/29/22 4.07% 2042 745,000 GDTIF Central/Parking Ramp/Five Flags 8/1/23 4.70% 2043 1,080,000 GDTIF Smart Parking - FY24 Future 4.50% 2044 1,217,500 GDTIF Ramp Major Maintenance - FY24 Future 4.50% 2044 270,777 GDTIF Iowa Amphitheater -FY24 Future 4.50% 2044 3,000,000 GDTIF Iowa Amphitheater -FY25 Future 4.50% 2045 285,000 GDTIF ABC Supply Building - FY25 Future 4.50% 2045 457,000 GDTIF Smart Parking - FY25 Future 4.50% 2045 1,957,000 GDTIF Ramp Major Maintenance - FY25 Future 4.50% 2045 6,053,000 GDTIF Federal Building Renovation - FY25 Future 4.50% 2045 533,000 GDTIF Downtown Housing Refunding 4/17/17 3.00% 2030 2,120,000 GDTIF Millwork District Refunding 4/17/17 3.00% 2030 2,080,000 GDTIF - 7th St/2-Way Conversion Ref 6/2/21 2.00% 2031 3,204,576 GDTIF - Intermodal 2012A Refunding 6/2/21 2.00% 2031 2,545,000 GDTIF 5th St Restroom/MFC 2012H Ref 6/2/21 2.00% 2032 1,254,420 GDTIF Wash Neigh Refunding Taxable 6/2/21 2.00% 2032 493,592 GDTIF 2014C Taxable Refunding 6/2/21 2.00% 2034 5,385,000 GDTIF 2014B Refunding 6/2/21 2.00% 2034 155,000 Library Improvements - Sales Tax 20% 6/20/19 3.00% 2022 39,408 Library Improv Sales Tax 20% Ref 2012E 6/2/21 2.00% 2027 84,526 Park Improvements - Sales Tax 20% 6/20/19 3.00% 2027 47,290 Park Water System Study Ref ST20% 4/17/17 3.00% 2030 60,000 Park Ham House - Sales Tax 20% 4/4/16 2.79% 2035 200,668 Park Skate Park ST20% 6/20/19 3.00% 2027 613,524 Parking Port of Dubuque Parking Ramp 3/19/18 3.05% 2026 373,553 Parking Central Ave Ramp Refunding 4/17/17 3.00% 2030 6,380,000 Parking Iowa Street Ramp Improvements 3/19/18 2.91% 2031 45,516 Parking Locust Ramp Security Cameras 6/20/19 3.00% 2033 126,054 Parking Improvements Refunding 2014E 6/2/2021 2.00% 2034 125,000 Parking Improv Taxable Refunding 2014C 6/2/21 2.00% 2034 220,000 Police CAD Software - Gaming Ref 6/2/21 2.00% 2030 160,000 Public Works Equip Ref RUT 4/17/17 3.00% 2030 392,000 Public Works Radio Replacement ST20% 3/19/18 2.91% 2028 110,000 PW Curb Ramp/Eng St Improv Ref ST30% 6/2/21 2.00% 2034 885,000 Rec Imp Sales Tax 20% Refunding 2012E 6/2/21 2.00% 2028 7,572 Rec Ice Center Settling Sales Tax 20% 8/1/23 4.70% 2043 4,614,310 Sanitary Improvements Refunding 4/17/17 3.00% 2030 660,000 Sanitary Sewer Improvements 3/19/18 2.91% 2031 1,030,009 Sanitary Forcemain Refunding 2012E 6/2/21 2.00% 2032 376,122 Sanitary Sewer Improvements 6/20/19 3.00% 2033 1,124,412 Sanitary Sewer Imp Refunding 2014B 6/2/21 2.00% 2034 4,390,000 Sanitary Sewer Improvements 4/4/16 2.79% 2035 2,405,000 Solid Waste Collection Refunding 4/17/17 3.00% 2030 51,300 Solid Waste Collection 3/19/2018 2.91% 2031 27,447 Principal Principal Interest Principal Outstanding Due Due Outstanding 6/30124 FY 2025 FY 2025 6/30/25 188,576 6,211 9,016 182,365 2,090,000 34,036 86,449 2,055,964 344,000 5,602 14,229 338,398 442,645 7,209 18,309 435,436 - 969,342 - 1,320,900 - 466,676 1,760,000 145,000 53,906 1,615,000 1,370,000 75,000 41,100 1,295,000 535,000 - 10,700 535,000 822,171 61,407 16,443 760,764 382,828 28,593 7,657 354,235 975,000 40,000 41,453 935,000 745,000 30,000 31,668 715,000 1,080,000 35,000 51,683 1,045,000 1,217,500 19,827 50,359 1,197,673 270,777 4,410 11,200 266,367 3,000,000 105,455 122,794 2,894,545 - 285,000 - 457,000 - 1,957,000 - 6,053,000 - 533,000 1,140,000 170,000 36,805 970,000 1,075,000 165,000 32,250 910,000 2,329,252 307,847 46,585 2,021,405 1,845,000 240,000 36,900 1,605,000 938,492 106,858 18,770 831,634 370,904 43,168 7,418 327,736 4,275,000 390,000 85,500 3,885,000 125,000 10,000 2,500 115,000 15,831 5,110 1,046 10,721 42,893 14,156 858 28,737 18,998 6,132 1,255 12,866 29,900 5,300 738 24,600 127,120 9,988 3,672 117,132 235,422 78,474 7,063 156,948 104,075 50,179 3,228 53,896 2,990,000 560,000 89,700 2,430,000 26,955 3,453 809 23,502 77,444 9,733 1,992 67,711 95,000 10,000 1,900 85,000 175,000 15,000 3,500 160,000 110,000 20000 2,200 90,000 195,400 34,500 5,862 160,900 45,606 10,732 1,368 34,874 710,000 65,000 14,200 645,000 4,391 1,082 88 3,309 4,614,310 151,968 220,619 4,462,342 340,000 50,000 10,200 290,000 609,965 78,146 18,300 531,819 275,965 33,031 5,519 242,934 740,381 82,733 16,932 657,648 3,475,000 315,000 69,500 3,160,000 1,525,000 120,000 44,006 1,405,000 25,600 4,500 768 21,100 16,254 2,082 488 14,172 218 Debt Management Description Solid Waste Collection - FY24 Solid Waste Collection - FY25 Stormwater Refunding Stormwater Improvements Refunding Stormwater Improvements Stormwater Improv Refunding 2012B Stormwater Improv Refunding 2012E Stormwater Improvements Stormwater Upper Bee Branch SRF GO NA Streetlight Replacement Refunding - ST Street FEMA Land Buyout - Gaming Street Fiber/Sidewalk/Lights Refunding RUT Street Southwest Arterial Street Southwest Arterial - Refunding 2012E Transit Radio Replacement ST20% Transit Midtown Transfer ST20% Transit Vehicle Replacement ST20% Water System Improvements Water Improv Refunding 2012E Water System Improvements Water System Improv Refunding 2014B Water System Improvements Total General Obligation Bonds Less Annual Appropriation G.O. Total G.O. Bonds Subject to Debt Limit Date of Issue Future Future 4/4/16 4/17/17 3/19/18 6/2/21 6/2/21 6/20/19 4/30/21 4/17/17 6/20/19 4/17/17 3/19/18 6/2/21 3/19/18 6/20/19 6/2/21 3/19/18 6/2/21 6/20/19 6/2/21 4/4/16 Average Interest Rate 4.50% 4.50% 2.91 % 3.00% 2.91 % 2.00% 2.00% 3.00% 1.18% 3.00% 3.00% 3.00% 2.91 % 2.00% 2.91 % 3.00% 2.00% 2.91 % 2.00% 3.00% 2.00% 2.79% Year of Final Payment 2044 2045 2028 2030 2031 2031 2032 2033 2037 2030 2027 2030 2031 2032 2028 2039 2041 2031 2032 2033 2034 2035 Tax Increment Port of Dubuque Parking Ramp 10-16-07 7.5000% 2037 Total Tax Increment Bonds Total Tax Increment Amount Principal Principal Interest Principal of Outstanding Due Due Outstanding Issue 6/30124 FY 2025 FY 2025 6/30/25 148,000 148,000 2,410 6,122 145,590 873,700 - - - 873,700 6,270,000 1,200,000 440,000 36,000 760,000 2,015,000 1,000,000 165,000 30,000 835,000 1,714,542 1,015,356 130,081 30,460 885,275 1,115,424 810,748 107,153 16,215 703,595 77,131 56,592 6,774 1,132 49,818 290,796 193,576 19,467 3,984 174,110 22,138,000 17,378,398 1,227,000 248,806 16,151,398 4,900 2,500 400 75 2,100 64,901 25,428 8,468 1,733 16,960 258,600 129,000 22,800 3,870 106,200 771,557 456,920 58,537 13,708 398,383 827,747 643,857 67,486 12,877 576,371 95,000 39,392 9,268 1,182 30,124 216,125 216,125 6,484 216,125 780,609 691,275 34,032 13,826 657,243 1,155,930 684,546 87,700 20,536 596,846 369,768 271,303 32,473 5,426 238,830 1,323,107 871,017 97,333 19,920 773,684 7,470,000 5,915,000 535,000 118,300 5,380,000 635,000 405,000 30,000 11,688 375,000 146,447,786 95,787,605 8,292,237 2,615,789 103,186,336 - (15,902,592) - - (14,675,138) 146,447,786 79,885,013 8,292,237 2,615,789 88,511,198 23,025,000 16,350,000 785,000 1,226,250 15,565,000 23,025,000 16,350,000 785,000 1,226,250 15,565,000 23,025,000 16,350,000 785,000 1,226,250 15,565,000 TIF bond issue for the Port of Dubuque Parking Ramp backed by Greater Downtown TIF & a minimum assessment agreement Tax Increment Economic Development TIF Rebate Aareements Medline (DICW) 11/19/07 Simmons Pet Food (DICW) 12/9/20 Hodge (DICW) 4/6/20 Green Industrial Supply (DICW) 8/15/11 Tri-State Quality Metals (DICW) NA 3/17/14 Roasting Solutions (DICW) NA 1/14/16 Rite Hite(DICW) Non -Appropriation 1/14/17 Hormel Foods (DICW) 4/21/08 Linseed Oil (GDTIF) Multi -Res 3/7/13 Rousselot (GDTIF) (Non -Appropriation) 1/22/13 METX - Lamar Building (GDTIF) NA 5/13/20 Marquette Hall (Non -Appropriation) 5/20/19 3 Amigos (Non -Appropriation) 4/15/19 210 Jones (Non -Appropriation) 6/19/17 Prairie Farms Dairy (Non -Appropriation) 3/18/19 Julien Hotel (GDTIF) 4/21/08 44 Main (GDTIF) Multi -Res 10/18/10 Barker Financial (GDTIF) Multi -Res 8/16/10 253 Main St. (GDTIF) (Non -Appropriation) 4/6/15 Spahn and Rose (GDTIF) NA 4/21/14 Franklin Investment -Multires (GDTIF) 4/4/11 Plastic Center Betty Jane Block (GDTIF) 2/7/11 Caradco (GDTIF) Multi -Res 3/21/11 Bonson 356 Main St. (GDTIF) Multi -Res 12/19/11 Rebate 2031 1,600,279 416,629 416,629 - 416,629 Rebate 2030 397,918 436,111 436,111 - 436,111 Rebate 2035 257,073 543,368 543,368 - 543,368 Rebate 2023 105,391 105,391 105,391 - 105,391 Rebate 2026 32,510 59,436 73,975 - 73,975 Rebate 2028 33,666 64,577 68,924 - 68,924 Rebate 2030 24,190 114,749 143,654 - 143,654 Rebate 2026 8,250,067 543,830 271,915 - 271,915 Rebate 2030 576,504 103,644 17,274 - 86,370 Rebate 2025 4,931 21,484 21,484 Rebate 2031 75,660 182,914 182,914 - 182,914 Rebate 2031 9,170 4,863 4,863 - 4,863 Rebate 2031 2,516 7,055 7,055 - 7,055 Rebate 2031 10,348 21,295 21,295 - 21,295 Rebate 2031 5,626 9,586 9,586 - 9,586 Rebate 2026 3,260,286 533,958 266,979 - 266,979 Rebate 2027 446,799 245,856 81,952 - 163,904 Rebate 2027 297,282 41,460 13,820 - 27,640 Rebate 2027 5,798 2,601 3,094 - 3,094 Rebate 2027 108,221 124,882 124,882 - 124,882 Rebate 2028 437,225 85,120 21,280 - 63,840 Rebate 2028 148,957 26,884 6,721 - 20,163 Rebate 2028 1,499,442 537,072 134,268 - 402,804 Rebate 2028 152,286 39,332 9,833 - 29,499 219 Debt Management Description Date of Issue Average Interest Rate Year of Final Payment Amount of Issue Principal Outstanding 6/30124 Principal Due FY 2025 Interest Due FY 2025 Principal Outstanding 6/30/25 Roshek Building (GDTIF) NA 2/17/09 Rebate 2030 5,149,852 280,309 280,309 - 515,175 Novelty Iron Works (GDTIF) (Non-Approp) 6/17/13 Rebate 2031 33,105 204,402 204,402 - 204,402 Gardens of Dubuque (RADFORD) 9/28/20 Rebate 2038 1,391,310 1,298,556 92,754 - 1,205,802 Rockfarm Holdings (TECH) NA 10/7/14 Rebate 2027 42,301 49,426 49,426 - 49,426 Total TIF Rebates 24,358,713 6,104,790 3,614,158 - 5,449,660 Bowling & Beyond Lease Buyout 10-15-12 Buyout 2032 1,000,000 400,000 50,000 - 350,000 Iowa Finance Authority Loan - Caradco 12-01-10 3.0000% 2030 4,500,000 2,540,485 226,314 74,530 2,314,171 Total Other Lns-Rev Backed 5,500,000 2,940,485 276,314 74,530 2,664,171 Total City Indebtedness Subject to Debt Limit 199,331,499 105,280,288 12,967,709 3,916,569 112,190,029 Revenue Bonds Sanitary Northfork Catfish Imp SRF 1/13/10 3.25% 2031 912,000 337,000 52,000 10,953 285,000 Sanitary W&RRC Upgrade SRF 8/18/10 3.25% 2039 74,285,000 47,502,000 2,747,000 950,039 44,755,000 Sanitary WRRC Cogeneration SRF 5/17/13 2.00% 2033 3,048,000 1,522,000 156,000 30,440 1,366,000 Sanitary Kerper Boulevard & Sponsor SRF 3/8/19 1.00% 2038 2,763,000 1,906,537 129,000 19,114 1,777,537 Sanitary Projects Planning - FY21 SRF Various 2.00% 2043 1,770,000 1,732,668 75,788 34,276 1,656,880 Sanitary Granger Creek & Force Main Plan 1/7/2022 -% 2044 465,000 455,192 19,910 9,005 435,282 Sanitary 42" Force Main WQFP Loan 3/3/2023 1.00% 2043 1,950,000 1,862,000 89,000 18,620 1,773,000 Sanitary Projects- FY24 (FY23 Carryovers) Future 2.68% 2044 11,290,109 11,290,109 456,443 274,920 10,833,666 Sanitary Projects- FY24 Future 2.68% 2044 4,228,710 4,228,710 170,961 102,971 4,057,749 Sanitary Projects- FY25 Future 2.68% 2045 17,683,900 17,683,900 Stormwater Lower Bee Branch Rest SRF 10/27/10 3.25% 2041 7,850,000 5,337,000 240,000 173,452 5,097,000 Stormwater Lower Bee Branch SRF 9/1/14 2.00% 2034 1,029,000 168,000 17,000 3,360 151,000 Stormwater Northfork Catfish Improv. SRF 1/13/10 3.25% 2031 800,000 295,000 45,000 9,588 250,000 Stormwater Sales Tax Increment Rev NA 6/15/15 3.72% 2031 20,800,000 16,725,000 2,150,000 618,968 14,575,000 Stormwater Sales Tax Revenue - GO 5/19/2014 3.23% 2029 7,190,000 6,000,000 1,125,000 275,500 4,875,000 Stormwater Upper Bee Branch RR SRF 6/7/19 2.00% 2040 16,382,000 13,603,000 730,000 272,060 12,873,000 Stormwater West 32nd Detention SRF 1/14/09 3.25% 2028 1,847,000 466,000 111,000 15,145 355,000 Water Webber Extension - FY22 1/7/22 -% 2044 1,570,000 1,536,886 67,224 30,403 1,469,662 Water Projects- FY24 (FY23 Carryovers) Future 2.68% 2044 1,633,646 1,633,646 66,046 39,780 1,567,600 Water Projects- FY24 Future 2.68% 2044 4,140,315 4,140,315 167,387 100,819 3,972,928 Water Projects- FY25 Future 2.68% 2045 4,686,377 - - - 4,686,377 Water Roosevelt Water Tower SRF 8/9/19 2.00% 2040 4,400,000 3,654,000 196,000 73,080 3,458,000 Water CIWA Purchase & Improvements 7/7/17 2.00% 2036 8,613,761 6,063,761 521,000 152,960 5,542,761 Water- Clear Well Reservoirs SRF 10/18/07 3.25% 2028 915,000 232,000 55,000 4,640 177,000 Water Meter Change Out Program SRF 2/12/10 3.25% 2031 6,394,000 2,692,000 349,000 87,587 2,343,000 Water System Improv & Ext. Refunding 8/18/21 2.00% 2030 3,505,000 2,435,000 380,000 48,700 2,055,000 Total Revenue Bonds 210,151,818 135,817,824 10,115,759 3,356,380 148,072,342 Less Annual Appropriation Revenue Bds - (13,956,032) - - (11,803,968) Net Revenue Bonds 210,151,818 121,861,792 10,115,759 3,356,380 136,268,374 Total City Indebtedness 409,483,317 257,000,704 23,083,468 7,272,949 274,9 77,509 Statutory Debt Limit 262,722,395 $321,926,12 % of Debt Limit Used 40.07 % 34.85 % Remaining Debt Capacity 157,442,107 209,736,091.4 220 ATTACHMENT D SOUTH POINTE HOUSING URBAN RENEWAL AREA UPDATED April 17, 2017 LEGAL DESCRIPTION: Lot 1 of Tower Investments Subdivision No. 1, City of Dubuque; and Lot 1 of Lot 1 of Lot 2 of Tower Investments Subdivision No. 1, City of Dubuque; and Lot 2 of Table Mound Mobile Home Park, City of Dubuque; and Lot 2 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of Lot 2 of Lot 2 of Mineral Lot 483, City of Dubuque;and Lot 1 of Mary Lou Place, City of Dubuque; and Lot 1 of Mcnamer Acres No. 1; and Lot 1 of Mcnamer Acres No. 3; and Lot 2 of Mcnamer Acres No. 3; and All that part of the Rockdale Road Right of Way lying South of the Easterly extension of the North line of Lot 1 of Mary Lou Place and lying North of the Southern terminus of the Rockdale Road Right of Way; and All that part of the Key West Drive Right of Way and the Us Highway 61 Right of Way lying South of the Easterly and Westerly extension of the South line of Lot 2-1-1-1-3 of Annie Waller Subdivision #2 and lying North of the Easterly and Westerly extension of that part of Lot 1 of Mineral Lot 479 lying West of U.S. Highway 61, and All of the Manson Road Right of Way, in the City of Dubuque, Iowa; and Lot 1-2-1-1-1-1-1-1-2-1-4 of Mineral Lot 501; and All that part of the Kelly Lane Right of Way Lying North and West of the West line of Lot 4 of Old Mill Subdivision and its Northerly extension; and Lot 1-2, 1-2-1, 1-3-1, 2-1-1, 2-2-3-1, 2-2-2, 2-2-2-1 All in Mineral Lot 514; and Lot 10 Peg-O-Mesa Subdivision; and All that part of the Fremont Avenue Right of Way lying West and South of the South line of Lot 14 in Block 1 of Birch Acres and its Northwesterly extension; and All that part of the Cedar Cross Road Right of Way lying South of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 51h P.M.; and All that part of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th P.M. lying East of the Westerly line of Lot 1 of Part of Lot 1-1 of Mineral Lot 233 and its Northerly extension and lying West of the Westerly line of Lot 2-2 of Mineral Lot 211A and its Northerly extension; and All that part of the Cedar Cross Road Right of Way lying South of the Southern Right of Way line of U.S. Highway 20 (Dodge Street) and lying North of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th P.M.; and All that part of the U.S. Highway 20 (Dodge Street) Right of Way lying West of a line connecting the Northwest corner of Lot 2-1-1-1 of Bartels Center Grove Place and the Southeast corner of Lot 1 of Hardee's First Addition and lying East of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 5th P.M.; and All that part of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 51h P.M. lying East of the Easterly line of Lot 2 of West End Commercial Subdivision #2 and its Southerly extension and lying West of the Westerly line of Lot 1 of Clin-Que Inc Addition No. 2 and its Southerly extension; and All that part of the U.S. Highway 20 (Dodge Street) Right of Way lying South and West of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 5th P.M. and North and East of the Northerly extension of West Lot line of Lot 6 of Key City Subdivision; and Lot 6 of Key City Subdivision, Dubuque County Iowa; and All that part of West Key Drive Right of Way adjacent to Lot 6 of Key City Subdivision; and All that part of Royal Wood Drive Right of Way lying South of the Southerly Right of Way line of West Key Drive and North of the Northerly Right of Way line of North Cascade Road; and Lot 1 of Lot 1 of the Southeast Quarter of the Northwest Quarter of Section 13, T88N, R1E of the 5th P.M.; and All that part of the English Mill Road Right of Way lying South of the Northerly line of the South 10 Acres of Lot 1 of the Southeast Quarter of the Northwest Quarter of Section 5, T88N, R2E and its Easterly extension and lying North of the Northerly Right of Way line of North Cascade Road; and All that part of the Northwesterly Half of the North Cascade Road Right of Way lying South and West of the East line of Lot 1 of Dieters Place and its Northerly extension and lying North and East of the West line of Lot 1-1 of Elizabeth Watter's Place and its Northerly extension; and All that part of the North Cascade Road Right of Way lying South and West of the West line of Lot 1-1 of Elizabeth Watter's Place and its Northerly extension and lying North and East of the East line of Lot 1-1 of Dane Place and its Southerly extension; and All that part of the Southeasterly Half of the North Cascade Road Right of Way lying South and West of the East line of Lot 1-1 of Dane Place and its Southerly extension and lying North and East of the Easterly Right of Way line of U.S. Highway 20. A part of Lot 2-2-1-1-2 of Mineral Lot 483, Lot 1-2-1-1-2 of Mineral Lot 483, and Lot 1-2-2-2 of Mineral Lot 483 in the City of Dubuque, Iowa, more particularly described as follows: Beginning at the southwest corner of Lot 2-2-1-1-2 of Mineral Lot 483; thence North 04 Degrees 51 Minutes 47 Second East a distance of 127.24 feet; thence North 29 Degrees 44 Minutes 54 Seconds East a distance of 170.93 feet; thence North 80 Degrees 19 Minutes 29 Seconds East a distance of 40.03 feet to the southerly right of way line of Tower Drive; thence South 84 Degrees 00 Minutes 14 Seconds East along said southerly right of way line a distance of 1.39 feet; thence South 87 Degrees 49 Minutes 21 Seconds East along said southerly right of way line a distance of 95.54 feet; thence South 80 Degrees 19 Minutes 29 Seconds West a distance of 125.43 feet; thence South 29 Degrees 44 Minutes 54 Seconds West a distance of 157.07 feet; thence South 04 Degrees 51 Minutes 47 Seconds West a distance of 121.90 feet; thence North 87 Degrees 48 Minutes 19 Seconds West a distance of 20.02 feet to the point of beginning. A part of Mineral Lot 486 in the City of Dubuque, Iowa, more particularly described as follows: Commencing at the northeast corner of Mineral Lot 486; thence North 76 Degrees 36 Minutes 57 Seconds West along the northerly line of said lot a distance of 403.64 feet to the point of beginning; thence South 65 Degrees 40 minutes 26 Seconds West a distance of 65.15 feet; thence North 24 Degrees 19 Minutes 34 Seconds West a distance of 20.00 feet; thence North 65 Degrees 40 Minutes 26 Seconds East a distance of 39.29 feet to the north line of said lot; thence South 76 Degrees 36 Minutes 57 Seconds East along the north line of said lot a distance of 32.70 feet to the point of beginning. A part of Mineral Lot 486 in the City of Dubuque, Iowa, more particularly described as follows: Commencing at the northeast corner of Mineral Lot 486; thence North 76 Degrees 36 Minutes 57 Seconds West along the northerly line of said lot a distance of 628.75 feet; thence North 79 Degrees 50 Minutes 55 Seconds West along the north line of said lot a distance of 139.90 feet to the point of beginning; thence South 08 Degrees 41 Minutes 38 Seconds East a distance of 72.68 feet, thence South 81 Degrees 18 Minutes 22 Seconds West a distance of 20.00 feet; thence North 08 Degrees 41 Minutes 38 Seconds West a distance of 79.50 feet to a point on the north line of said lot; thence South 79 Degrees 50 Minutes 55 Seconds East along the north line of said lot a distance of 21.13 feet to the point of beginning. A part of Mineral Lot 488 in the City of Dubuque, Iowa, more particularly described as follows: Commencing at the northeast corner of Mineral Lot 486; thence North 76 Degrees 36 Minutes 57 Seconds West along the northerly line of said lot a distance of 628.75 feet; thence North 79 Degrees 50 Minutes 55 Seconds West along the north line of said lot a distance of 321.31 feet; thence North 69 Degrees 04 Minutes 44 Seconds West along the north line of said lot a distance of 304.67 feet; thence North 42 Degrees 36 Minutes 17 Seconds West along the north line of said lot and the easterly line of Mineral Lot 488 a distance of 223.95; thence North 67 Degrees 26 Minutes 34 Seconds West along the easterly line of Mineral Lot 488 a distance of 186.99 feet; thence North 27 Degrees 46 Minutes 34 Seconds West along the easterly line of said lot a distance of 79.24 feet; thence North 12 Degrees 43 Minutes 23 Seconds East a distance of 598.76 feet to the point of beginning; thence South 73 Degrees 55 Minutes 19 Seconds West a distance of 95.02 feet; thence North 16 Degrees 04 Minutes 41 Seconds West a distance of 20.00 feet, thence North 73 Degrees 55 Minutes 19 Seconds East a distance of 106.02 feet to a point on the easterly line of said lot; thence South 12 Degrees 43 Minutes 23 Seconds West along the easterly line of said lot a distance of 22.82 feet to the point of beginning. A part of Mineral Lot 488 in the City of Dubuque, Iowa, more particularly described as follows: Commencing at the northeast corner of Mineral Lot 486; thence North 76 Degrees 36 Minutes 57 Seconds West along the northerly line of said lot a distance of 628.75 feet; thence North 79 Degrees 50 Minutes 55 Seconds West along the north line of said lot a distance of 321.31 feet; thence North 69 Degrees 04 Minutes 44 Seconds West along the north line of said lot a distance of 304.67 feet; thence North 42 Degrees 36 Minutes 17 Seconds West along the north line of said lot and the easterly line of Mineral Lot 488 a distance of 223.95; thence North 67 Degrees 26 Minutes 34 Seconds West along the easterly line of Mineral Lot 488 a distance of 186.99 feet; thence North 27 Degrees 46 Minutes 34 Seconds West along the easterly line of said lot a distance of 79.24 feet; thence North 12 Degrees 43 Minutes 23 Seconds East a distance of 640.72 feet; thence North 12 Degrees 47 Minutes 24 Seconds East along the easterly line of said lot a distance of 169.27 feet to the point of beginning; thence North 80 Degrees 41 Minutes 00 Seconds West a distance of 207.65 feet; thence North 09 Degrees 19 Minutes 00 Seconds East a distance of 20.00 feet; thence South 80 Degrees 41 Minutes 00 Seconds East a distance of 208.86 feet to point on the easterly line of said lot; thence South 12 Degrees 47 Minutes 24 Seconds West a distance of 20.04 feet to the point of beginning. A part of Lot 2-1-2 of Tower Investment Subdivision No. 1 in the City of Dubuque, Iowa, more particularly described as follows: Beginning at the southwest corner of Lot 1-2-2 of Tower Heights in the City of Dubuque, Iowa; thence South 04 Degrees 49 Minutes 39 Seconds West along the westerly right of way line of Tower Drive a distance of 15.02 feet to the point of beginning; thence continuing South 04 Degrees 49 Minutes 39 Seconds West along said westerly line a distance of 30.03 feet; thence North 82 Degrees 49 Minutes 29 Seconds West a distance of 497.68 feet to a point on the westerly line of Lot 2-1-2 of Tower Investment Subdivision No. 1; thence North 05 Degrees 44 Minutes 16 Seconds West along said westerly lot line a distance of 30.78 feet; thence South 82 Degrees 49 Minutes 29 Seconds East a distance of 503.33 feet to the point of beginning. EXTENSION AGREEMENT BY AND AMONG CITY OF DUBUQUE, IOWA; COUNTY OF DUBUQUE, IOWA; AND DUBUQUE COMMUNITY SCHOOL DISTRICT WHEREAS, the City of Dubuque, Iowa ("City") has adopted the Amended and Restated Urban Renewal Plan (the "Urban Renewal Plan") for South Pointe Housing Urban Renewal Area (the "Urban Renewal Area") within the limits of the City, the County of Dubuque, Iowa ("County"), and the Dubuque Community School District ("School District"); and WHEREAS, Iowa Code Section 403.22(5) provides that the division of revenue under Iowa Code Section 403.19 for the provision of public improvements related to housing and residential development may continue for 10 fiscal years (beginning with the second fiscal year after the year of first certification of debt); provided, however, that under Iowa Code Section 403.22(5)(c), for urban renewal areas established before January 1, 2018, a municipality may extend the division of revenue for up to three (3) years if necessary to adequately fund the project, subject to receiving approval from the governing bodies of all "affected taxing entities'; and WHEREAS, this amendment to the Iowa Code was responsive to the impact of the COVID- 19 pandemic on supply chains, financing difficulties, and the critical need for additional housing across the state; and WHEREAS, the South Pointe Urban Renewal Area was adopted in June 2017; and WHEREAS, pursuant to the Urban Renewal Plan and a related development agreement, the City has undertaken an urban renewal project for the provision of public improvements in connection with the development of a residential subdivision in the Urban Renewal Area; and WHEREAS, sufficient incremental taxes may not be generated to allow full finding of the project during the ten (10) years statutorily allowed for the division of revenue under Section 403.22(5); and WHEREAS, the City is requesting that the City, County, and School District, as the affected taxing entities approve an extension of the division of revenue under Iowa Code Section 403.19 in order to adequately fund the residential projects in Urban Renewal Area. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: Section 1. Pursuant to Iowa Code Section 403.22(5)(c), each of the undersigned affected taxing entities has, by resolution of their governing bodies, approved the extension of the Iowa Code Section 403.19 division of revenue within the South Pointe Housing Urban Renewal Area for the City of Dubuque, Iowa, for projects involving the provision of public improvements related to housing and residential development for a total of up to thirteen (13) fiscal years of division of revenue (beginning with the second fiscal year after the year of first certification of debt) in connection with the housing projects. Section 2. The undersigned officials affirm they are duly authorized to execute this Agreement on behalf of the party for which they are signing. Section 3. This Agreement may be executed in any number of counterparts, each of which shall constitute one and the same instrument. ATTEST: M City Clerk CITY OF DUBUQUE, IOWA STATE OF IOWA ) ) SS: COUNTY OF DUBUQUE ) On this day of and for said State personally appeared Mayor 2024, before me a Notary Public in and to me personally known, who being duly sworn, did say that they are the Mayor and City Clerk, respectively, of the City of Dubuque, Iowa, a Municipality created and existing under the laws of the State of Iowa, and that the seal affixed to the foregoing instrument is the seal of said Municipality, and that said instrument was signed and sealed on behalf of said Municipality by authority and resolution of its City Council, and said Mayor and City Cleric acknowledged said instrument to be the free act and deed of said Municipality by it voluntarily executed. Notary Public in and for the State of Iowa [Signature page to Extension Agreement — City of Dubuque, Iowa] DUBUQUE COMMUNITY SCHOOL DISTRICT 1� l(afhr+ n 64- pa,-Ks , Board President ATTEST: CAkzLitr ffiiq,,tss Board Secretary STATE OF IOWA ) ) SS: COUNTY OF DUBUQUE } On this IQ day of J-Akn2. _, 2024, before me the undersigned, a Notary Public in and for the State of Iowa, personally appeared Hkif- Q�-rkS and cc, r 0 LL n mc'uS S , to me personally known, who, being duly sworn, did say that they are the Presiclent and Secretary, respectively, of the Board of the Dubuque Community School District, and that said instrument was signed on behalf of said School District by authority and resolution of its Board, and said President and Secretary acknowledged said instrument to be the free act and�,eed of said School District by it voluntarily executed. — /1? / for the State of Iowa L.E AMY VANDERMEULEN _ L commission Numt er 774154 My Commission Expires August 1, 2024 [Signature page to Extension Agreement — Dubuque Community School District] COUNTY OF DUBUQUE, STATE OF IOWA Supervisors ATTEST: By: County Auditor STATE OF IOWA ) ) SS: COUNTY OF DUBUQUE ) Chairperson, Board of On this day of , 2024, before me the undersigned, a Notary Public in and for the State of Iowa, personally appeared and , to me personally known, who, being duly sworn, did say that they are the Board of Supervisors Chairperson and County Auditor, respectively, of the County of Dubuque, State of Iowa, a Municipality created and existing under the laws of the State of Iowa, and that the seal affixed to the foregoing instrument is the seal of said Municipality, and that said instrument was signed and sealed on behalf of said Municipality by authority and resolution of its Board of Supervisors, and said Chairperson and County Auditor acknowledged said instrument to be the free act and deed of said Municipality by it voluntarily executed. nS 7" .• Notary Public in and for the State of Iowa [Signature page to Extension Agreement — County of Dubuque, State of Iowa] 02346472\10422-194 Prepared By: Ian Hatch, Economic Development City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4105 Return To: Adrienne N. Breitfelder, City Clerk City of Dubuque 50 W. 1 V St. Dubuque, IA 52001 (563) 589-4121 RESOLUTION NO. 196-24 APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN VERSION 2024.1, FOR THE SOUTH POINTE HOUSING URBAN RENEWAL AREA WHEREAS, by Resolution 144-24 on May 20, 2024, the City Council of the City of Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal Plan (the "Plan") for the South Pointe Housing Urban Renewal Area (the "Area"); and WHEREAS, the City of Dubuque's primary objective for the Plan is to provide public improvements related to housing and residential development and provide housing opportunities, including assistance for low and moderate income family housing, which will further economic development purposes and objectives as described in the Plan in the Area; and WHEREAS, a consultation process has been undertaken with affected taxing entities in accordance with Chapter 403 of the Code of Iowa with no written objections or recommended changes to the Amended and Restated Plan received; and WHEREAS, the affected taxing entities approved the extension of the Iowa Code Section 403.19 division of revenue within the South Pointe Housing Urban Renewal Area by execution of the Extension Agreement by and among the City of Dubuque, Iowa, the County of Dubuque, Iowa, and the Dubuque Community School District; and WHEREAS, the City Council, in accordance with Chapter 403 of the Code of Iowa, has held a public hearing on the proposed Plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1, That the Urban Renewal Plan for the South Pointe Housing Urban Renewal Area, Version 2024.1, on file in the City Clerk's Office and made reference to herein, is hereby approved. Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and directed to file a certified copy of this Resolution in the office of the Dubuque County Auditor. Passed, approved and adopted this 17t" day of June, 2024. rad M. Cavanagh Mayor Attest: Adrienne N. Breitfelder City Clerk Prepared By: Ian Match, Economic Development, City of Dubuque 50 W. 131h St. Dubuque IA 52001 (563) 589-4105 Return To: Adrienne N. Breitfelder, City Clerk City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4121 RESOLUTION NO. 197-24 APPROVING THE EXTENSION AGREEMENT BY AND AMONG THE CITY OF DUBUQUE, IOWA, DUBUQUE COUNTY, IOWA, AND THE DUBUQUE COMMUNITY SCHOOL DISTRICT FOR THE DIVISION OF REVENUE FOR THE SOUTH POINTE HOUSING URBAN RENEWAL AREA WHEREAS, Iowa Code Section §403.19 has been amended to extend the time period for the division of revenue in Housing Urban Renewal Districts created prior to 2018; and WHEREAS, extending the division of revenue requires the written consent of the affected taxing bodies; and WHEREAS, the affected taxing entities approved the extension of the Iowa Code Section 403.19 division of revenue within the South Pointe Housing Urban Renewal Area by execution of the Extension Agreement by and among the City of Dubuque, Iowa, the County of Dubuque, Iowa, and the Dubuque Community School District. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the Extension Agreement by and among the City of Dubuque, Iowa, the County of Dubuque, Iowa, and the Dubuque Community School District, is hereby approved. Section 2. That the Mayor is hereby authorized and directed to execute the Extension Agreement on behalf of the City of Dubuque and the City Clerk is authorized and directed to attest to his signature. Passed, approved and adopted this 17th day of June, 2024. rad M. Cavanagh Mayor Attest: w" Adrienne N. Breiffef er City Clerk EXTENSION AGREEMENT BY AND AMONG CITY OF DUBUQUE, IOWA; COUNTY OF DUBUQUE, IOWA; AND DUBUQUE COMMUNITY SCHOOL DISTRICT WHEREAS, the City of Dubuque, Iowa ("City") has adopted the Amended and Restated Urban Renewal Plan (the "Urban Renewal Plan") for South Pointe Housing Urban Renewal Area (the "Urban Renewal Area") within the limits of the City, the County of Dubuque, Iowa ("County"), and the Dubuque Community School District ("School District"); and WHEREAS, Iowa Code Section 403.22(5) provides that the division of revenue under Iowa Code Section 403.19 for the provision of public improvements related to housing and residential development may continue for 10 fiscal years (beginning with the second fiscal year after the year of first certification of debt); provided, however, that under Iowa Code Section 403.22(5)(c), for urban renewal areas established before January 1, 2018, a municipality may extend the division of revenue for up to three (3) years if necessary to adequately fund the project, subject to receiving approval from the governing bodies of all "affected taxing entities"; and WHEREAS, this amendment to the Iowa Code was responsive to the impact of the COVID- 19 pandemic on supply chains, financing difficulties, and the critical need for additional housing across the state; and WHEREAS, the South Pointe Urban Renewal Area was adopted in June 2017; and WHEREAS, pursuant to the Urban Renewal Plan and a related development agreement, the City has undertaken an urban renewal project for the provision of public improvements in connection with the development of a residential subdivision in the Urban Renewal Area; and WHEREAS, sufficient incremental taxes may not be generated to allow full funding of the project during the ten (10) years statutorily allowed for the division of revenue under Section 403.22(5); and WHEREAS, the City is requesting that the City, County, and School District, as the affected taxing entities approve an extension of the division of revenue under Iowa Code Section 403.19 in order to adequately fund the residential projects in Urban Renewal Area. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: Section 1. Pursuant to Iowa Code Section 403.22(5)(c), each of the undersigned affected taxing entities has, by resolution of their governing bodies, approved the extension of the Iowa Code Section 403.19 division of revenue within the South Pointe Housing Urban Renewal Area for the City of Dubuque, Iowa, for projects involving the provision of public improvements related to housing and residential development for a total of up to thirteen (13) fiscal years of division of revenue (beginning with the second fiscal year after the year of first certification of debt) in connection with the housing projects. Section 2. The undersigned officials affirm they are duly authorized to execute this Agreement on behalf of the party for which they are signing. Section 3. This Agreement may be executed in any number of counterparts, each of which shall constitute one and the same instrument. CITY OF DUBUQUE, IOWA By.-, ro nt\, Mayor ATTEST: By: Ad6c.nn- re; el r ,City Clerk STATE OF IOWA ) ) SS: COUNTY OF DUBUQUE ) On this _J day of 3-i rr- , 2024, before me a Notary Public in and for said State, personally appeared (kylQah and tyj v-�e-yr, to me personally known, who being duly sworn, did sa that they are the Mayor and City Clerk, respectively, of the City of Dubuque, Iowa, a Municipality created and existing under the laws of the State of Iowa, and that the seal affixed to the foregoing instrument is the seal of said Municipality, and that said instrument was signed and sealed on behalf of said Municipality by authority and resolution of its City Council, and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of said Municipality by it voluntarily executed. TU$DEE LYNN BLUE Commission Humber OU479 Notary Public in and for the State of Iowa pow* Ni Comm. Up. (. [Signature page to Extension Agreement — City of Dubuque, Iowa] 2 DUBUQUE COMMUNITY SCHOOL DISTRICT _rY��hrr'i+ pa,-K5 , Board President ATTEST: 2�Lw w�l r M Ls s Board Secretary STATE OF IOWA ) ) SS: COUNTY OF DUBUQUE ) On this 10 day of 2024, before [Ile the undersigned, a Notary Public in and for the State of Iowa, personally appeared H C �e- S and u t, n V�ct uS; , to me personally [mown, who, being duly sworn, did say that they are the President and Secretary, respectively, of the Board of the Dubuque Community School District, and that said instrument was signed on behalf of said School District by authority and resolution of its Board, and said President and Secretary acknowledged said instrument to be the free act and eed of said School District by it voluntarily executed. the State of Iowa AMY VANDERMEULEN o Commission Number 774154 My Commission Expires • o August 1, 2024 /Signalure page to Exletasion Agreentent — Dzibuyzze Cowin nzit}� School Disti•ie1J COUNTY OF DUBUQUE, STATE OF IOWA C air 1erson, Board of Supervisors ATTEST: By: ounty Auditor STATE OF IOWA ) ) SS: COUNTY OF DUBUQUE ) On this _ day of , 2024, before me the undersigned, a Notary Public in and For the State of Iowa, personally appeared and , to me personally known, who, being duly sworn, did say that they are the Board of Supervisors Chairperson and County Auditor, respectively, of the County of Dubuque, State of Iowa, a Municipality created and existing under the laws of the State of Iowa, and that the seal affixed to the foregoing instrument is the seal of said Municipality, and that said instrument was signed and sealed on behalf of said Municipality by authority and resolution of its Board of Supervisors, and said Chairperson and County Auditor acknowledged said instrument to be the free act and deed of said Municipality by it voluntarily executed. �IA� AMI JOHNSON o Commission Number 847159 Notary rMn Ti a wa [Signatw-e page to Extension Agareement — County of Dubuque, State of lo►vaj 023464721tG422-194 RESOLUTION 24- 10 U WHEREAS, the South Pointe Housing Urban Renewal Area was established by resolution by the City Council of the City of Dubuque to facilitate construction of needed housing and residential development in the Dubuque area market; WHEREAS, due to supply chain delays and following the COVID-14 pandemic and economic impacts, the development of the South Pointe and housing construction has slowed significantly and delayed the timeframe for development of residential housing; WHEREAS, the City of Dubuque is requesting an extension of this pay program for a period of three (3) additional years. NOW THEREFORE, the Dubuque County Board of Supervisors approves the three-year extension of the division of revenue for the South Pointe Housing Urban Renewal Area. Resolution adopted this 3rd day of June 2024. ATTEST: � 'b Kevin Dragotto, Du i to County Auditor Adrienne Breitfelder From: Sent: To: Cc: Subject: Attachments: Hello Kevin, Adrienne Breitfelder Tuesday, June 18, 2024 1:56 PM Kevin Dragotto Ian Hatch; Jill Connors City of Dubuque UR Plan - South Pointe Resolution No. 196-24.pdf; Amended and Restated Urban Renewal Plan for the South Pointe Housing Urban Renewal Area.pdf Attached is a certified copy of City of Dubuque Resolution No. 196-24 Approving the Amended and Restated Urban Renewal Plan Version 2024.1, for the South Pointe Housing Urban Renewal Area. I have also attached the Urban Renewal Plan. Let me know if you need anything further. Thankyou, Adrienne Adrienne Breitfelder, CMC (she/her) THE C= OF City Clerk I City of Dubuque D T T� � City Hall 150 W. 13t" Street U Dubuque, Iowa 52001 0: 563-589-4121 1 C: 563-581-6473 Masterpiece on the Mississippi ©©O®0 1 Prepared By: Ian Hatch, Economic Development, City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4105 Return To: Adrienne N. Breitfelder, City Clerk City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4121 RESOLUTION NO.. 196-24 APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN VERSION 2024.1, FOR THE SOUTH POINTE HOUSING URBAN RENEWAL AREA WHEREAS, by Resolution 144-24 on May 20, 2024, the City Council of the City of Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal Plan (the "Plan") for the South Pointe Housing Urban Renewal Area (the "Area"); and WHEREAS, the City of Dubuque's primary objective for the Plan is to provide public improvements related to housing and residential development and provide housing opportunities, including assistance for low and moderate income family housing, which will further economic development purposes and objectives as described in the Plan in the Area; and WHEREAS, a consultation process has been undertaken with affected taxing entities in accordance with Chapter 403 of the Code of Iowa with no written objections or recommended changes to the Amended and Restated Plan received; and WHEREAS, the affected taxing entities approved the extension of the Iowa Code Section 403.19 division of revenue within the South Pointe Housing Urban Renewal Area by execution of the Extension Agreement by and among the City of Dubuque, Iowa, the County of Dubuque, Iowa, and the Dubuque Community School District; and WHEREAS, the City Council, in accordance with Chapter 403 of the Code of Iowa, has held a public hearing on the proposed Plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1, That the Urban Renewal Plan for the South Pointe Housing Urban Renewal Area, Version 2024.1, on file in the City Clerk's Office and made reference to herein, is hereby approved.. Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and directed to file a certified copy of this Resolution in the office of the Dubuque County Auditor. Passed, approved and adopted this 17t" day of June, 2024. rad M. Cavanagh Mayor Attest: Adrienne N. Breitfelder City Clerk CERTIFICATE of f 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 Resolution No. 196-24 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 18th day of June 2024. 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: 06/07/2024 and for which the charge is 37.54 Subscribed to before me, a Notary Pub c in and for Dubuque County, Iowa, this 7th day of June, 2024 Notary 0 ic in and for Dubuque ounty, Iowa. c 4r v Commi- , tv!,amber 199659 My n r QwA ?2/1 1J?G25 Ad text : CITY OF DUBUQUE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the Dubuque City Council will conduct a public hearing on the 17th day of June, 2024, at 6:30 p.m., in the Historic Federal Building, 350 W. 6th Street, 2nd floor, Dubuque, Iowa, at which meeting the City Council proposes to amend the Amended and Restated Urban Renewal Plan to a Version 2024.1 for the South Point Housing Urban Renewal Area (the Area) by extending the division of revenue for three years in accordance with modifications to Chapter 403 of the Iowa Code, and to update additional urban renewal project descriptions and make any other necessary revisions including previously approved tax increment financing rebates related to a Development Agreement. At the meeting, the City Council will receive oral and written comments from any resident or property owner of said City to the above action. The official agenda will be posted the Friday before the meeting and will contain public input options. The City Council agenda can be accessed at https://cityofdubuque.novusagenda.com/AgendaPublic/ or by contacting the City Clerk's Office at 563-589-4100, ctyclerk@cityofdubuque.org. Written comments regarding the above public hearings may be submitted to the City Clerk's Office via email at ctyclerk@cityofdubuque.org or by mail to City Clerk's Office, City Hall, 50 W. 13th St., Dubuque, IA 52001, before said time of public hearing. At said time and place of public hearings the City Council will receive any written comments. Copies of supporting documents for the public hearings are on file in the City Clerk's Office and may be viewed Monday through Friday between 8:00 a.m. and 5:00 p.m. Individuals with limited English proficiency, vision, hearing, or speech impairments requiring special assistance should contact the City Clerk's Office at (563) 589-4100, TDD (563) 690-6678, ctyclerk@cityofdubuque.org as soon as feasible. Deaf or hard -of -hearing individuals can use Relay Iowa by dialing 711 or (800) 735-2942. Published by order of the City Council given on the 20th day of May 2024. Adrienne N. Breitfelder, City Clerk It 6/7