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Setting a Public Hearing on a Proposed Development Agreement with Dubuque and Jackson County Habitat for HumanityCity of Dubuque City Council Copyrighted December 16, 2024 ITEMS SET FOR PUBLIC HEARING # 1. ITEM TITLE: Resolution Setting a Public Hearing on a Proposed Development Agreement with Dubuque and Jackson County Habitat for Humanity SUMMARY: City Manager recommending City Council adopt the attached resolution setting a public hearing for January 6, 2025, on the proposed Development Agreement by and between the City of Dubuque, Iowa and Dubuque and Jackson County Habitat for Humanity. RESOLUTION Fixing The Date For A Public Hearing Of The City Council Of The City Of Dubuque, Iowa On A Development Agreement By And Between The City Of Dubuque, Iowa And Dubuque And Jackson County Habitat For Humanity, Including The Proposed Issuance Of Urban Renewal Tax Increment Revenue Grant Obligations Relating Thereto And Providing For The Publication Of Notice Thereof SUGGUESTED Receive and File; Adopt Resolution(s), Set Public Hearing for DISPOSITION: January 6, 2025 ATTACHMENTS: 1. MVM Memo 2. Staff Memo 3. Development Agreement 4. Notice of Hearing 5. Resolution Page 294 of 1050 Dubuque THE C D!Uj-!B AII-America Ciq 11111.1 II Masterpiece on the Mississippi YP PP zoo�•*o 13 2017202019 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Resolution Setting a Public Hearing on a Proposed Development Agreement with Dubuque and Jackson County Habitat for Humanity DATE: December 11, 2024 Economic Development Director Jill Connors is recommending City Council adopt the attached resolution setting a public hearing for January 6, 2025, on the proposed Development Agreement by and between the City of Dubuque, Iowa and Dubuque and Jackson County Habitat for Humanity. The Developer is proposing to create 14 single family homes adjacent to Mount Pleasant Home. The project is located within the Mount Pleasant Place Urban Renewal Area which has been designated by City Council Resolution No. 250-24 as an economic development area. The Developer has indicated the project will be conducted in phases with Phase I representing the creating of six low- and moderate -income housing units. Overall, the project represents a unique opportunity to create affordable, single-family homes within the City of Dubuque. Key elements of the Development Agreement are as follows: 1. Developer to create 14 single family homes, two detached garage structures, 15 covered parking spaces, and 18 surface parking spaces by December 31, 2028. 2. City to award 15 years of tax increment financing incentives in the form of semi- annual rebates. The tax increment rebates are not anticipated to exceed $500,000. The Development Agreement requires Developer to accept applications from prospective tenants with housing choice vouchers (issued under the U.S. HUD's Section 8 voucher program or a similar program) that are otherwise qualified prospective tenants. I concur with the recommendation and respectfully request Mayor and City Council approval. S4.zn'- Mic ael C. Van Milligen Page 295 of 1050 MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jill Connors, Economic Development Director Page 296 of 1050 Dubuque Economic Development Department THE CITY OF 1300 (wain street All•Ameria10V Dubuque, Iowa 52001-4763 UB E I k"I""`"I""q Office (563) 589-4393 1 I I TTY (563) 690-6678 I® http://www.cityofdubuque.org 2007-2012*2013 Masterpiece on the Mississippi 2017*2019 TO: Michael C. Van Milligen, City Manager FROM: Jill M. Connors, Economic Development Director SUBJECT: Resolution Setting a Public Hearing on a Proposed Development Agreement with Dubuque and Jackson County Habitat for Humanity DATE: December 10, 2024 INTRODUCTION This memorandum presents for City Council review and approval a resolution setting a public hearing on a proposed Development Agreement by and between the City of Dubuque, Iowa and Dubuque and Jackson County Habitat for Humanity. :J_TeJ:(rj:lomk,Ic' Dubuque and Jackson County Habitat for Humanity (Developer) is a 501(c)(3) non-profit organization that works to provide affordable housing solutions in Dubuque and Jackson Counties. Since founding in 1991, the Developer has built 23 homes to help families working to improve their living situations. The Developer is committed to building, rehabilitating, and maintaining safe and affordable homes. DISCUSSION The Developer is proposing to create 14 single family homes adjacent to Mount Pleasant Home. The project is located within the Mount Pleasant Place Urban Renewal Area which has been designated by City Council Resolution No. 250-24 as an economic development area. The Developer has indicated the project will be conducted in phases with Phase representing the creating of six low- and moderate -income housing units. Overall, the project represents a unique opportunity to create affordable, single-family homes within the City of Dubuque. Key elements of the Development Agreement are as follows: Page 297 of 1050 1. Developer to create 14 single family homes, two detached garage structures, 15 covered parking spaces, and 18 surface parking spaces by December 31, 2028. 2. City to award 15 years of tax increment financing incentives in the form of semi- annual rebates. The tax increment rebates are not anticipated to exceed $500,000. The Development Agreement requires Developer to accept applications from prospective tenants with housing choice vouchers (issued under the U.S. HUD's Section 8 voucher program or a similar program) that are otherwise qualified prospective tenants. RECOMMENDATION I recommend adopting the attached resolution setting a public hearing for January 6, 2025 on the proposed Development Agreement by and between the City of Dubuque, Iowa and Dubuque and Jackson County Habitat for Humanity. F, Page 298 of 1050 AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA AND DUBUQUE AND JACKSON COUNTY HABITAT FOR HUMANITY This Agreement, dated for reference purposes the day of , 2024, by and between the City of Dubuque, Iowa, a municipality (City), established pursuant to Iowa Code and acting under authorization of Iowa Code Chapter 489, as amended (Urban Renewal Act), and Dubuque and Jackson County Habitat for Humanity, an Iowa Nonprofit Corporation with its principal place of business in Dubuque, Iowa (Developer). WHEREAS, in furtherance of the objectives of the Urban Renewal Act, City has undertaken an urban renewal project to advance the community's ongoing economic development efforts; and WHEREAS, Developer is the owner of the following described real property: Lot 2 of Mount Pleasant Place, Lots 55, 56, 57, and 58 in Rosedale Addition, and, Lots 8, 9, 10, and 11 of the Subdivision of Lot 3 of the Subdivision of Mineral Lot No. 178, all in the City of Dubuque, Iowa, according to the respective recorded Plats thereof (the Property) ; and WHEREAS, the Developer plans a development of single-family homes designated for low and moderate income families as defined by Iowa Code Section 403.17(12) and needed public infrastructure on lots all of which are owned by Developer as of the date of this Agreement (the Project) which is located in the Project Area, and thereafter to cause the same to be operated in accordance with this Agreement; and WHEREAS, the Project is located within the Mount Pleasant Place Housing Urban Renewal Area (the Project Area); and WHEREAS, as of the date of this Agreement an urban renewal plan for the Project Area consisting of the Urban Renewal Plan for the Mount Pleasant Place Housing Urban Renewal Area, was approved by the City Council of City on the 5th day of August 2024, (the Urban Renewal Plan); and WHEREAS, a copy of the Urban Renewal Plan, as constituted on the date of this Agreement, attached hereto as Exhibit A, is on file with the Clerk for the City; and WHEREAS, the City intends to assist the Project through economic development grants; and 12052024ba1 Page 299 of 1050 WHEREAS, City believes that the Project and the development of the Property pursuant to this Agreement, and the fulfillment generally of this Agreement, are in the vital and best interests of City and in accord with the public purposes and provisions of the applicable federal, state, and local laws and the requirements under which the Project has been undertaken and is being assisted. NOW THEREFORE, in consideration of the promises and the mutual obligations of the parties hereto, each of them does hereby covenant and agree with the other as follows.. SECTION 1. REPRESENTATIONS AND WARRANTIES. 1.1 Representations and Warranties of City. In order to induce Developer to enter into this Agreement, City hereby represents and warrants to Developer that to the best of City's knowledge: (1) City has duly obtained all necessary approvals and consents for its execution, delivery, and performance of this Agreement and that it has full power and authority to execute, deliver and perform its obligations under this Agreement. City's attorney shall issue a legal opinion to Developer at time of closing confirming the representation contained herein, in the form attached hereto as Exhibit E. (2) City shall exercise its best efforts to cooperate with Developer in the development process. (3) City shall exercise its best efforts to resolve any disputes arising during the development process in a reasonable and prompt fashion. (4) The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, and the fulfillment of or compliance with the terms and conditions of this Agreement are not prevented by, limited by, in conflict with, or result in a violation or breach of, the terms, conditions or provisions of the charter of City, any evidence of indebtedness, agreement or instrument of whatever nature to which City is now a party or by which it or its property is bound, or constitute a default under any of the foregoing. (5) There are no actions, suits or proceedings pending or threatened against or affecting City in any court or before any arbitrator or before or by any governmental body in which there is a reasonable possibility of an adverse decision which could materially adversely affect the financial position or operations of City or which affects the validity of the Agreement or City's ability to perform its obligations under this Agreement. (6) The representations and warranties contained in this article shall be correct in all respects on and as of the Closing Date with the same force and effect as if Page 300 of 1050 such representations and warranties had been made on and as of the Closing Date. 1.2 Representations and Warranties of Developer. Developer makes the following representations and warranties: (1) Developer is duly organized and validly existing or authorized under the laws of the State of Iowa and have all requisite power and authority to own and operate their properties, to carry on their respective business as now conducted and as presently proposed to be conducted, and to enter into and perform their obligations under the Agreement. (2) This Agreement has been duly authorized, executed and delivered by Developer, and assuming due authorization, execution and delivery by City, is in full force and effect and is a valid and legally binding instrument of Developer enforceable in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws relating to or affecting creditors' rights generally. Developer's counsel shall issue a legal opinion to the City, at time of closing, confirming the representations contained herein, in the form attached hereto as Exhibit C. (3) The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, and the fulfillment of or compliance with the terms and conditions of this Agreement are not prevented by, limited by, in conflict with, or result in a violation or breach of, the terms, conditions or provisions of the articles of incorporation or the bylaws of Developer or any contractual restriction, evidence of indebtedness, agreement or instrument of whatever nature to which Developer is now a party or by which it or its property is bound, or constitute a default under any of the foregoing. (4) There are no actions, suits or proceedings pending or threatened against or affecting Developer in any court or before any arbitrator or before or by any governmental body in which there is a reasonable possibility of an adverse decision which could materially adversely affect the business, financial position or result of operations of Developer or which affects the validity of the Agreement or Developer's ability to perform its obligations under this Agreement. (5) Developer will perform its obligations under this Agreement in accordance with the material terms of this Agreement, the Urban Renewal Plan and all local, state, and federal laws and regulations. (6) Developer will use good faith efforts to obtain, or cause to be obtained, in a timely manner, all material requirements of all applicable local, state, and federal laws and regulations which must be obtained or met. Page 301 of 1050 (7) Developer has commitments for permanent financing for the Development Project and all of their respective obligations under this Agreement in an amount sufficient, together with equity commitments, to successfully complete the requirements of this Agreement and shall provide evidence thereof to City prior to the Closing Date. 1.3 Conditions to Closing. The closing of the transaction (the Closing) contemplated by this Agreement and all the obligations of Developer under this Agreement are subject to fulfillment, on or before the Closing Date, of the following conditions: (1) The representations and warranties made by City in Section 1.1 shall be correct as of the Closing Date with the same force and effect as if such representations were made at such time. At the Closing, City shall deliver a certificate in the form of Exhibit D. (2) Developer has obtained any and all necessary governmental approvals, including without limitations approval of zoning, subdivision, or platting which might be necessary or desirable in connection with the development of the Property. Any conditions imposed as a part of the zoning, platting or subdivision must be satisfactory to Developer, in its sole opinion. City shall cooperate with Developer in attempting to obtain any such approvals and shall execute any documents necessary for this purpose, provided that City shall bear no expense in connection therewith. In connection therewith, City agrees (a) to review all of Developer's plans and specifications for the Project and to either reject or approve the same in a prompt and timely fashion; (b) to issue a written notification to Developer, following City's approval of same, indicating that City has approved such plans and specifications, and that the same are in compliance with the Urban Renewal Plan and Developer agrees to comply with any amendments to the Urban Renewal Plan, this Agreement and any other applicable City or affiliated agency requirements, with the understanding that Developer and its lenders shall have the right to rely upon the same in proceeding with the project; (c) to identify in writing within ten (10) working days of submission of said plans and specifications, any and all permits, approvals and consents that are legally required, and the construction, use and occupancy of the Project with the intent and understanding that Developer and its lenders and attorneys will rely upon same in establishing their agreement and time frames for construction, use and occupancy, lending on the project and issuing legal opinions in connection therewith; and (d) to cooperate fully with Developer to streamline and facilitate the obtaining of such permits, approvals and consents. (3) Developer and City shall be in material compliance with all the terms and provisions of this Agreement. (4) Developer shall have furnished City with evidence, in a form satisfactory to City (such as a letter of commitment from a bank or other lending institution), that Developer has firm financial commitments in an amount sufficient, together with Page 302 of 1050 equity commitments, to complete the Minimum Improvements (as defined herein) in conformance with the Construction Plans (as defined herein), or City shall have received such other evidence of such party's financial ability as in the reasonable judgment of City is required. (5) Receipt of an opinion of counsel to Developer in the form attached hereto as Exhibit C. (6) Developer shall have the right to terminate this Agreement at any time prior to the consummation of the closing on the Closing Date if Developer determines in its sole discretion that conditions necessary for the successful completion of the Project contemplated herein have not been satisfied to the full satisfaction of such party in such party's sole and unfettered discretion. Upon the giving of notice of termination by such terminating party to the other parties to this Agreement, this Agreement shall be deemed null and void. (7) Developer shall have recorded a final plat of the Property. 1.4 Closing. The closing shall take place on the Closing Date which shall be the 13th of February, 2025, or such other date as the parties shall agree in writing but in no event shall the Closing Date be later than the February 28, 2025. Consummation of the closing shall be deemed an agreement of the parties to this Agreement that the conditions of closing shall have been satisfied or waived. 1.5 City's Obligations at Closing. At or prior to Closing Date, City shall deliver to Developer such other documents as may be required by this Agreement, all in a form satisfactory to Developer. SECTION 2. INFRASTRUCTURE IMPROVEMENTS. 2.1 Required Improvements. City acknowledges that Developer is developing a residential development on the Property as shown on the Conceptual Development Plan attached hereto as Exhibit B. Developer agrees as follows (the Required Improvements): (1) To construct fourteen (14) single-family owner -occupied residences, two (2) detached garage structures containing a total of fifteen (15) covered parking spaces, and eighteen (18) surface parking spaces. (2) To construct a 26-foot-wide private drive that will extend throughout the site providing access to all the residences. The private driveway location has been reviewed and approved by the City of Dubuque Engineering Department to ensure adequate visibility for safe entry and exit from the development. 2.2 Plans for Construction of Required Improvements. Plans and specifications with respect to the Property and the construction of the Required Improvements thereon (the Construction Plans) shall be in conformity with the Urban Renewal Plan, this Agreement, Page 303 of 1050 and all applicable state and local laws and regulations, including but not limited to any covenants, conditions, restrictions, reservations, easements, liens, and charges applicable to the Property, in the records of Dubuque County, Iowa. Developer shall submit to City, for approval by City, plans, drawings, specifications, and related documents with respect to the Required Improvements to be constructed by Developer on the Property. All work with respect to the Required Improvements shall be in substantial conformity with the Construction Plans approved by City. Developer specifically acknowledges and understands the requirements and limitations of Iowa Code §403.22 (6). 2.3 Timing of Required Improvements. Developer hereby agrees that construction of Required Improvements, shall be commenced by March 31, 2025, and completed by December 31, 2028. The time for the performance of these obligations shall be suspended due to unavoidable delays meaning delays, outside the control of the party claiming its occurrence in good faith, which are the direct result of strikes, other labor troubles, unusual shortages of materials or labor, unusually severe or prolonged bad weather, acts of God, fire or other casualty to the Minimum Improvements, litigation commenced by third parties which, by injunction or other similar judicial action or by the exercise of reasonable discretion directly results in delays, or acts of any federal, state or local government which directly result in extraordinary delays. The time for performance of such obligations shall be extended only for the period of such delay. SECTION 3. CITY PARTICIPATION. 3.1 Economic Development Grants. For and in consideration of Developer's obligations hereunder, and in furtherance of the goals and objectives of the urban renewal plan for the Project Area and the Urban Renewal Law, City agrees, subject to Developer being and remaining in compliance with the terms of this Agreement, to make twenty (20) consecutive semi-annual payments (such payments being referred to collectively as the Economic Development Grants) to Developer: November 1, 2030 May 1, 2031 November 1, 2031 May 1, 2032 November 1, 2032 May 1, 2033 November 1, 2033 May 1, 2034 November 1, 2034 May 1, 2035 November 1, 2035 May 1, 2036 November 1, 2036 May 1, 2037 November 1, 2037 May 1, 2038 November 1, 2038 May 1, 2039 November 1, 2039 May 1, 2040 November 1, 2040 May 1, 2041 November 1, 2041 May 1, 2042 November 1, 2042 May 1, 2043 November 1, 2043 May 1, 2044 November 1, 2044 May 1, 2045 Page 304 of 1050 The foregoing grants will be made pursuant to Iowa Code §403.9 of the Urban Renewal Law, in amounts equal to the actual amount of tax increment revenues collected by City under Iowa Code §403.19 (without regard to any averaging that may otherwise be utilized under Iowa Code §403.19 and excluding any interest that may accrue thereon prior to payment to Developer) during the preceding six (6) month period in respect of the Property and improvements constructed by Developer (the Developer Tax Increments), and no Grant may exceed such Developer Tax Increment nor may the total of such Grants exceed the total Developer Tax Increments. Developer recognizes and agrees that the Economic Development Grants shall be paid solely and only from the incremental taxes collected by City in respect to the Property and improvements, which does not include property taxes collected for the payment of bonds and interest of each taxing district, and taxes for the regular and voter -approved physical plant and equipment levy, instructional support levy, and any other portion required to be excluded by Iowa law, and thus such incremental taxes will not include all amounts paid by Developer as regular property taxes. The foregoing schedule is subject to change based upon Developer's actual date of completion of the Minimum Improvements. Developer must inform City of any need to amend the schedule of the Economic Development Grants based on the date of Minimum Improvement completion. A. To fund the Economic Development Grants, City shall certify to the County prior to December 1 of 2029 its request for the available Developer Tax Increments resulting from the assessments imposed by the County as of January 1 of that year, to be collected by City as taxes are paid during the following fiscal year and which shall thereafter be disbursed to the Developer during the period such tax increment revenues accrue, on November 1 and May 1 of that fiscal year. (Example: If City so certifies by December 2029, the Economic Development Grants in respect thereof would be paid to Developer on November 1, 2030 and May 1, 2031.) B. The Economic Development Grants shall be payable from and secured solely and only by the Developer Tax Increments paid to City that, upon receipt, shall be deposited and held in a special account created for such purpose and designated as the Mount Pleasant Housing TIF Account of City. City hereby covenants and agrees to maintain its TIF ordinance in force during the term and to apply the incremental taxes collected in respect of the Property and improvements and allocated to the Mount Pleasant Housing TIF Account to pay the Economic Development Grants, as and to the extent set forth in Section 3.3(A) hereof. The Economic Development Grants shall not be payable in any manner by other tax increments revenues or by general taxation or from any other City funds. City makes no representation with respect to the amounts that may be paid to Developer as the Economic Development Grants in any one year and under no circumstances shall City in any manner be liable to Developer so long as City Page 305 of 1050 timely applies the Developer Tax Increments actually collected and held in the Mount Pleasant Housing TIF Account (regardless of the amounts thereof) to the payment of the Economic Development Grants to Developer as and to the extent described in this Section. City shall be free to use any and all tax increment revenues collected in respect of other properties within the Project Area, or any available Developer Tax Increments resulting from the termination of the annual Economic Development Grants under Section 3.2 hereof, for any purpose for which such tax increment revenues may lawfully be used pursuant to the provisions of the Urban Renewal Law, and City shall have no obligations to Developer with respect to the use thereof. SECTION 4. NOW APPROPRIATION / LIMITED SOURCE OF FUNDING. 4.1 Non -Appropriation. Notwithstanding anything in this Agreement to the contrary, the obligation of City to pay any installment of the Economic Development Grants from the pledged tax increment revenues shall be an obligation limited to currently budgeted funds, and not a general obligation or other indebtedness of City or a pledge of its full faith and credit within the meaning of any constitutional or statutory debt limitation, and shall be subject in all respects to the right of non -appropriation by the City Council of City as provided in this Section. City may exercise its right of non -appropriation as to the amount of the installments to be paid during any fiscal year during the term of this Agreement without causing a termination of this Agreement. The right of non - appropriation shall be exercised only by resolution affirmatively declaring City's election to non -appropriate funds otherwise required to be paid in the next fiscal year under this Agreement. In the event the City Council of City elects to not appropriate sufficient funds in the budget for any future fiscal year for the payment in full of the installments on the Economic Development Grant due and payable in that future fiscal year, then City shall have no further obligation to Developer for the payment of any installments due in that future fiscal year which cannot be paid with the funds then appropriated for that purpose. 4.2 The right of non -appropriation reserved to City in this Section is intended by the parties, and shall be construed at all times, so as to ensure that City's obligation to pay future installments on the Economic Development Grants shall not constitute a legal indebtedness of City within the meaning of any applicable constitutional or statutory debt limitation prior to the adoption of a budget which appropriates funds for the payment of that installment or amount. In the event that any of the provisions of this Agreement are determined by a court of competent jurisdiction to create, or result in the creation of, such a legal indebtedness of City, the enforcement of the said provision shall be suspended, and the Agreement shall at all times be construed and applied in such a manner as will preserve the foregoing intent of the parties, and no event of default shall be deemed to have occurred as a result thereof. If any provision of this Agreement or the application thereof to any circumstance is so suspended, the suspension shall not affect other Page 306 of 1050 provisions of this Agreement which can be given effect without the suspended provision, and to this end the provisions of this Agreement are severable. SECTION 5. COVENANTS OF DEVELOPER. 5.1 Books and Records. During the term of this Agreement, Developer shall keep at all times proper books of record and account in which full, true, and correct entries will be made of all dealings and transactions of or in relation to the business and affairs of Developer in accordance with generally accepted accounting principles consistently applied throughout the period involved, and Developer shall provide reasonable protection against loss or damage to such books of record and account. 5.2 No Other Exemptions. During the term of this Agreement, Developer agrees not to apply for any state or local property tax exemptions which are available with respect to the Property or the improvements located thereon that may now be, or hereafter become, available under state law or city ordinance during the term of this Agreement, including those that arise under Iowa Code Chapters 404 and 427, as amended. 5.3 Preservation of Property. During the term of this Agreement, Developer shall maintain, preserve, and keep, or cause others to maintain, preserve, and keep, the improvements in good repair and working order, except for ordinary wear and tear, and from time to time shall make all necessary repairs, replacements, renewals, and additions. Nothing in this Agreement, however, shall be deemed to alter any agreements between Developer or any other party including, without limitation, any agreements between the parties regarding the care and maintenance of the Property. 5.4 Non -Discrimination. In carrying out the Project, Developer shall not discriminate against any employee or applicant for employment because of age, color, familial status, gender identity, marital status, mental/physical disability, national origin, race, religion/creed, sex, or sexual orientation. 5.5 Conflict of Interest. Developer agrees that no member, officer, or employee of City, or its designees or agents, nor any consultant or member of the governing body of City, and no other public official of City who exercises or has exercised any functions or responsibilities with respect to the Project during his or her tenure, or who is in a position to participate in a decision -making process or gain insider information with regard to the Project, shall have any interest, direct or indirect, in any contract or subcontract, or the proceeds thereof, for work to be performed in connection with the project, or in any activity, or benefit therefrom, which is part of this Project at any time during or after such person's tenure. In connection with this obligation, Developer shall have the right to rely upon the representations of any party with whom it does business and shall not be obligated to perform any further examination into such party's background. 5.6 Non -Transferability. Until such time as the improvements are complete this Agreement may not be assigned by Developer to another party without the prior written consent of City, which shall not be unreasonably withheld. Thereafter, Developer shall Page 307 of 1050 have the right to assign this Agreement and upon assumption of the Agreement by the assignee, Developer shall no longer be responsible for its obligations under this Agreement. 5.7 Restrictions on Use. Developer agrees for itself, and its successors and assigns, and every successor in interest to the Property or any part thereof that they, and their respective successors and assigns, shall: A. Devote the Property to, and only to and in accordance with, the uses specified in the Urban Renewal Plan (and City represents and agrees that use of the Property as a residential development is in full compliance with the Urban Renewal Plan) (however, Developer shall not have any liability to City to the extent that a successor in interest shall breach this covenant and City shall seek enforcement of this covenant directly against the party in breach of same); and B. Not discriminate upon the basis of age, color, familial status, gender identity, marital status, mental/physical disability, national origin, race, religion/creed, sex, or sexual orientation in the sale, lease, rental, use, or occupancy of the Property or any improvements erected or to be erected thereon, or any part thereof (however, Developer shall not have any liability to City to the extent that a successor in interest shall breach this covenant and City shall seek enforcement of this covenant directly against the party in breach of same). 5.8 Release and Indemnification Covenants. A. Developer releases City and the governing body members, officers, agents, servants, and employees thereof (hereinafter, for purposes of this Section, the Indemnified Parties) from, covenants and agrees that the Indemnified Parties shall not be liable for, and agrees to indemnify, defend, and hold harmless the Indemnified Parties against any loss or damage to property or any injury to or death of any person occurring at or resulting from any defect in the improvements. B. Except for any gross negligence, willful misrepresentation, or any willful or wanton misconduct or any unlawful act of the Indemnified Parties, Developer agrees to protect and defend the Indemnified Parties, now or forever, and further agrees to hold the Indemnified Parties harmless, from any claim, demand, suit, action, or other proceedings whatsoever by any person or entity whatsoever arising from: (1) Developer's violation of any agreement or condition of this Agreement (except with respect to any suit, action, demand, or other proceeding brought by Developer against City based on an alleged breach of any representation, warranty, or covenant of City under this Agreement and/or to enforce its rights under this Agreement); or Page 308 of 1050 (2) The acquisition, construction, installation, ownership, and operation of the improvements in accordance with the Final Plat and Improvement Plans as approved by the City Council Resolution with Developer Acknowledgment until such time as Developer's warranty of the improvements has expired or, for individual lots, upon sale of a lot to a new owner; or (3) the condition of the Property and any hazardous substance or environmental contamination located in or on the Property, caused by Developer and occurring after Developer takes possession of the Property. C. The Indemnified Parties shall not be liable to Developer for any damage or injury to the persons or property of Developer or its officers, agents, servants, or employees or any other person who may be on, in or about the improvements due to any act of negligence of any person, other than any act of negligence on the part of any such Indemnified Party or its officers, agents, servants, or employees. D. All covenants, stipulations, promises, agreements, and obligations of City contained herein shall be deemed to be the covenants, stipulations, promises, agreements, and obligations of City, and not of any governing body member, officer, agent, servant, or employee of City in their individual capacity thereof. E. The provisions of this Section shall survive the termination of this Agreement. 5.9 Compliance with Laws. Developer shall comply with all laws, rules, and regulations relating to its businesses, other than laws, rules, and regulations for which the failure to comply with or the sanctions and penalties resulting therefrom, would not have a material adverse effect on the business, property, operations, financial, or otherwise, of Developer. 5.10 Short -Term Rental. For and in consideration of the Grant offered under this Agreement, during the operation of the Development Property as residential rental property, no residential rental unit shall be leased to any tenant for an initial term of fewer than 30 days, and no portion of the Development Property may be used for short-term rental purposes. Developer agrees to include similar prohibitions regarding short -terms rentals in each lease agreement for each residential rental unit of the Development Property. Developer further agrees to include such prohibitions in each and every lease agreement for any residential rental unit of the Development Property for so long as any single residential rental unit of the Development Property remains subject to the terms and conditions of this Agreement. SECTION 6. EVENTS OF DEFAULT AND REMEDIES. Page 309 of 1050 6.1 Events of Default Defined. The following shall be Events of Default under this Agreement and the term Event of Default shall mean, whenever it is used in this Agreement, any one or more of the following events: A. Failure by Developer to pay or cause to be paid, before delinquency, all real property taxes assessed with respect to the improvements and the Property. After the issuance of the Certificate of Completion, however, such event shall not entitle City to the remedy provided in Section 6.2. B. Failure by Developer to cause the construction of the Required Improvements to be commenced and completed pursuant to the terms, conditions, and limitations of the Final Plat and Improvement Plans as approved by the City Council Resolution with Developer Acknowledgment and this Agreement. C. Failure by Developer or City to substantially observe or perform any other material covenant, condition, obligation, or agreement on its part to be observed or performed under this Agreement. 6.2 Remedies on Default by Developer. Whenever any Event of Default referred to in Section 6.1 of this Agreement occurs and is continuing, City, as specified below, may take any one or more of the following actions after the giving of written notice by City to Developer (and the holder of any mortgage encumbering any interest in the Property of which City has been notified of in writing) of the Event of Default, but only if the Event of Default has not been cured within sixty (60) days following such notice, or if the Event of Default cannot be cured within sixty (60) days and Developer does not provide assurances to City that the Event of Default will be cured as soon as reasonably possible thereafter: A. City may suspend its performance under this Agreement until it receives assurances from the defaulting party, deemed adequate by City, that the defaulting party will cure its default and continue its performance under this Agreement; B. City may take any action, including legal, equitable, or administrative action, which may appear necessary or desirable to collect any payments due under this Agreement or to enforce performance and observance of any obligation, agreement, or covenant under this Agreement. 6.3 No Remedy Exclusive. Except as otherwise provided in this Agreement, no remedy herein conferred upon or reserved to City is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. Page 310 of 1050 6.4 No Implied Waiver. In the event any agreement contained in this Agreement should be breached by any party and thereafter waived by any other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous, or subsequent breach hereunder. 6.5 Agreement to Pay Attorneys' Fees and Expenses. If any action at law or in equity, including an action for declaratory relief or arbitration, is brought to enforce or interpret the provisions of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs of litigation from the other party. Such fees and costs of litigation may be set by the court in the trial of such action or by the arbitrator, as the case may be, or may be enforced in a separate action brought for that purpose. Such fees and costs of litigation shall be in addition to any other relief that may be awarded. 6.6 Remedies on Default bV City. If City defaults in the performance of this Agreement, Developer may take any action, including legal, equitable, or administrative action that may appear necessary or desirable to collect any payments due under this Agreement, to recover expenses of Developer, or to enforce performance and observance of any obligation, agreement, or covenant of City under this Agreement. Developer may suspend their performance under this Agreement until they receive assurances from City, deemed adequate by Developer, that City will cure its default and continue its performance under this Agreement. SECTION 7. GENERAL TERMS AND PROVISIONS. 7.1 Notices and Demands. Whenever this Agreement requires or permits any notice or written request by one party to another, it shall be deemed to have been properly given if and when delivered in person or three (3) business days after having been deposited in any U.S. Postal Service and sent by registered or certified mail, postage prepaid, addressed as follows: If to Developer: Dubuque and Jackson County Habitat for Humanity Attn: Hillary Dalton 900 Jackson Street STE 1-1-5-2E Dubuque IA 52001 Phone: (563) 556-2195 With copy to: Kane, Norby, and Reddick, P.C. Joseph P. Kane 2100 Asbury Road, Suite 2 Dubuque, Iowa 52001 Phone: (886) 493-0667 If to City: City of Dubuque Attn: City Manager 50 W. 13th Street Page 311 of 1050 Dubuque, Iowa 52001 With copy to: City Attorney's Office 300 Main Street, Suite 330 Dubuque, IA 52001 or at such other address with respect to any party as that party may, from time to time designate in writing and forward to the other as provided in this Section. 7.2 Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of City and Developer and their respective successors and assigns. 7.3 Termination Date. This Agreement and the rights and obligations of the parties hereunder shall terminate on June 30, 2045 following the last payment for Grants (the Termination Date) pursuant to Iowa Code §403.22. 7.4 Execution by Facsimile or Email. The parties agree that this Agreement may be transmitted among them by facsimile machine or email. The parties intend that the faxed or scanned signatures constitute original signatures and that a faxed or scanned Agreement containing the signatures (original, faxed, or scanned) of all the parties is binding on the parties. 7.5 Memorandum of Development Agreement. City shall promptly record a Memorandum of Development Agreement in the form attached hereto as Exhibit F in the office of the Recorder of Dubuque County, Iowa. Developer shall pay the costs for so recording. CITY OF DUBUQUE, IOWA DUBUQUE AND JACKSON COUNTY HABITAT FOR HUMANITY In Brad M. Cavanagh, Mayor Adrienne N. Breitfelder, City Clerk By: H�4T lbd�-M. Hilary Dalton, Executive Director Page 312 of 1050 LIST OF EXHIBITS Exhibit A Urban Renewal Plan Exhibit B Conceptual Site Plan Exhibit C Opinion of Developer's Counsel Exhibit D City Certificate Exhibit E Opinion of City's Counsel Exhibit F Memorandum of Development Agreement Page 313 of 1050 EXHIBIT A URBAN RENEWAL PLAN (on file in City Clerk's office, 50 W. 13th Street, Dubuque, IA 52001) Page 314 of 1050 EXHIBIT B CONCEPTUAL DEVELOPMENT PLAN Page 315 of 1050 CONCEPTUAL EXHIBIT A�� DEVELOPMENT PLAN a ALONG WOOD ST. SHEET INDEX ,/e NbC. M,E, wornoH wr. LEOE1Kl...) LOT 2 OF i� MIRML & NOTES " 3/0 - 4/O OErAL Of/ NOTES k CK i 5/8 - B/8 DETAIL IF/ KTO LKUN CON,. R BPOT a,., � N MOUNT PLEASANT PLACE, LOTS 8, 9, 10, & 11 OF N SUB OF LOT 3 OF ML 178, 01 AND LOTS 55, 56, 57, & 58 OF ROSEDALE ADD. � -- -� KM�N a�N NK B� FBEAO� � w � (D1i61.2 CITY OF DUBUQUE, IOWA. _� �Zg W LE . AMON COUNTY HAMM FOR LUWWTY INC. KO IUCKSON ST. sIKIE LIS- E — B DUBBaNL IA asao na nooaatasc unno eoK •atr v Mx CK661 ` OWIRs FM - NEXT LEVEL ARK Wo ww w.wl4ic�awnrribtnb 4n Wwa�c 4 ! NAAVE yy C•lW aFAMdlT GALENA. L MN! Lgdp e i NK�MILK m :1T1FK OIgK w eaViMot[ uaiO <A q10, M!L ery�TCpCIIf 'tlLLl R w¢.m �vWK[I IRICIIYF ♦♦ � $}}IIOR HIGH SCHOOL +-++— Au sIFfNRt i�1Q IIO• IllfOl® NgCi IR p — M6 BTOiY �CILA ILOF[ NN�MYLY COL`LIIMDI[ O♦ Q R-, SITE L.... m >M YF fOl u AOS1iL 9Mi R-1 1�10ON �r _ a� S y Na NA F60 wim mom, a ft— Page 316 of 1050 CONCEPTUAL DEVELOPMENT PLAN t g ALONG WOOD ST. t CITY OF DUBUQUE, IOWA. 1 1� f_40 b N N me 0 Zg t Q� lol � o J J ~ aN wM# ai zaz Uo� �t 2/6 Page 317 of 1050 . . . . . . . . . . . . '7'` ♦ F� . Owl Page 318 of 1050 �a IQo F a �7 a W r:n� Ua U W 0 4/6 Page 319 of 1050 r #vim �w�a� r� I / �S7 V'7ii�%"- "% �► T r� tit! I 4 t FIR+I%ff! �.:yr�, y+�►�l 11 rl/if/r���i �` �� �awe. �•I� �r-� mMORKNE MM MEW ��� �r I/Or Eav � % j I�% ��� fir, ���► BOOM, Ll ♦1 ; • j �►, Page 321 of 1050 EXHIBIT C OPINION OF DEVELOPER'S COUNSEL Page 322 of 1050 Mayor and City Councilmembers City Hall 13t" and Central Avenue Dubuque IA 52001 Re: Development Agreement Between the City of Dubuque, Iowa, and Dubuque and Jackson County Habitat for Humanity Dear Mayor and City Councilmembers: We have acted as counsel for Dubuque and Jackson County Habitat for Humanity (Developer) in connection with the execution and delivery of a certain Development Agreement (Development Agreement) between Developer and the City of Dubuque, Iowa (City) dated for reference purposes the day of , 2024. We have examined the original certified copy, or copies otherwise identified to our satisfaction as being true copies, of the Development Agreement and such other documents and records as we have deemed relevant and necessary as a basis for the opinions set forth herein. Based on the pertinent law, the foregoing examination and such other inquiries as we have deemed appropriate, we are of the opinion that: 1. Developer is an Iowa Nonprofit Corporation with its principal place of business at Dubuque, Iowa and has full power and authority to execute, deliver and perform in full Development Agreement. The Development Agreement has been duly and validly authorized, executed and delivered by Developer and, assuming due authorization, execution and delivery by City, is in full force and effect and is valid and legally binding instrument of Developer enforceable in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws relating to or affecting creditors' rights generally. 2. The execution, delivery and performance by Developer of the Development Agreement and the carrying out of the terms thereof, will not result in violation of any provision of, or in default under, the articles of incorporation and bylaws of Developer, any indenture, mortgage, deed of trust, indebtedness, agreement, judgment, decree, order, statute, rule, regulation or restriction to which Developer is a party or by which Developer's property is bound or subject. 3. To the best of our knowledge, there are no actions, suits or proceedings pending or threatened against or affecting Developer in any court or before any arbitrator or before or by any governmental body in which there is a reasonable possibility of an adverse decision which could materially adversely affect the business (present or prospective), financial position or results of operations of Developer or which in any manner raises any questions affecting the validity of the Agreement or the Developer's ability to perform Developer's obligations thereunder. Page 323 of 1050 We have examined such documents and certificates of public officials and officers of the Developer as we have deemed necessary for the purposes of this opinion. As to the existence of facts which are material to this opinion, we have relied upon certificates of public officials, statements by officers and resolutions of the Members of the Developer. In rendering our opinion, we have assumed (i) the legal capacity of all natural persons and the capacity and corporate power of all parties to the documents examined by us other than the Developer, (ii) the due authorization, execution and delivery of each document examined by us, by all parties to such documents other than the Developer, (iii) the genuineness of all signatures other than the signatures of the representatives of the Developer, (iv) the authenticity of all documents submitted to us as originals; (v) the conformity to original documents of all documents submitted to us as copies; and (vi) the City has no knowledge, direct or through their counsel, which would render any of the representations set forth herein inaccurate or incorrect. We have not made any independent investigation to verify any assumptions made herein, and have not undertaken any factual investigation into the business, properties, agreements or litigation of the Developer for the purpose of rendering the opinions expressed herein. There may exist matters of a factual nature which could have a bearing on our opinions expressed herein, with respect to which we have not been consulted or are otherwise unaware. Where used herein, the language "to the best of our knowledge" or language of similar nature means to our actual knowledge with no duty to inquire further of any person or document. Said language is intended to be limited to the actual knowledge of the attorneys within our firm who have been directly involved in representing the Developer, or whom we reasonably believe have knowledge of the affairs of the Developer. We have assumed that all representations and warranties made by any party to the Development Agreement are true and correct. We have examined the law, the resolutions of the members of Developer, the Development Agreement, and such company proceedings of the Developer and such other documents, certificates, instruments and matters as we deem necessary to render this opinion. The foregoing opinions are subject to: (a) Equitable principles of general applicability (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing, public policy, equitable subordination and the possible unavailability of specific performance or injunctive relief), regardless of whether considered in a proceeding in equity or at law or whether codified by statute; (b) The unenforceability of provisions purporting to waive rights, claims, demands, liabilities or defenses to obligations, known or unknown, suspected or unsuspected, where such waivers are contrary to any applicable law or against public policy; (c) The unenforceability, under certain circumstances, of provisions of agreements to the effect that rights or remedies are not exclusive, that every right or remedy is cumulative and may be exercised in addition to or with any other right or Page 324 of 1050 remedy, or that the election of some particular remedy or remedies does not preclude recourse to one or another remedy; (d) The unenforceability under certain circumstances, of provisions which purport to govern forum selection or consent to jurisdiction; and (e) The potential to vary the terms of the Development Agreement on the basis of parol evidence. The opinions set forth herein are given as of the date hereof. We disclaim any obligation to notify you or any other person after the date of this letter if any change in fact and/or law should change our opinion with respect to any matters set forth herein. This opinion is for your benefit only and may not be quoted in whole or in part or otherwise referred to in any documents, or delivered to or filed with any person or entity, or relied upon by any other person or entity, without our prior written consent. Very truly yours, Page 325 of 1050 EXHIBIT D CITY CERTIFICATE Page 326 of 1050 THE CITY U*BD&E Masterpiece on the Mississippi (DATE) Dubuque City Manager's Office City Hall 50 West 131" Street AII•Amena C" Dubuque, Iowa 52001-4864 N,\I1 NN Al. I JA A I (563) 5894110 office (563) 589-4149 fax ctymgr@cityofdubuque.org 2007*2012*2013 2017*2019 Re: Development Agreement between the City of Dubuque, Iowa, and Dubuque and Jackson County Habitat for Humanity Dear I am the City Manager of the City of Dubuque, Iowa and have acted in that capacity in connection with the execution and delivery of a certain Development Agreement between Dubuque and Jackson County Habitat for Humanity (Developer) and the City of Dubuque, Iowa (City) dated for reference purposes the day of 12024. On behalf of the City of Dubuque, I hereby represent and warrant to Developer that: (1) The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement do not and shall not result in any material breach of any terms or conditions of any mortgage, bond, indenture, agreement, contract, license, or other instrument or obligation to which City is a party or by which either the City or the Property being conveyed are bound, nor shall the execution, delivery and performance of this Agreement violate any statute, regulation, judgment, writ, injunction or decree of any court threatened or entered in a proceeding or action in which City may be bound or to which either City or the Property being conveyed may be subject. (2) City has duly obtained all necessary approvals and consents for its execution, delivery and performance of this Agreement, and has full power and authority to execute, deliver and perform its obligations under this Agreement. City's attorney shall issue a legal opinion to Developer at time of closing confirming the representation contained herein, in the form attached hereto as Exhibit E. (3) City shall exercise its best efforts to assist with Developer in the development process. (4) City shall exercise its best efforts to resolve any disputes arising during the development process in a reasonable and prompt fashion. Page 327 of 1050 (5) The representations and warranties contained in this article shall be correct in all respects on and as of the Closing Date with the same force and effect as if such representations and warranties had been made on and as of the Closing Date. Sincerely, Michael C. Van Milligen City Manager MCVM:jh Page 328 of 1050 EXHIBIT E OPINION OF CITY'S COUNSEL Page 329 of 1050 Barry A. Lindahl, Esq. Senior Counsel Suite 330, Harbor View Place 300 Main Street Dubuque, Iowa 52001-6944 (563) 583-4113 office (563)583-1040 fax balesgLdcityofdubuque.org (DATE) RE: Dear THE CITY OF DUB E Masterpiece on the Mississippi Dubuque ul•Ameria d4 r.x i 2007-2012.2013 2017*2019 I have acted as counsel for the City of Dubuque, Iowa, in connection with the execution and delivery of a certain Development Agreement between Dubuque and Jackson County Habitat for Humanity (Developer) and the City of Dubuque, Iowa (City) dated for reference purposes the day of , 2024. The City has duly obtained all necessary approvals and consents for its execution, delivery and performance of this Agreement and has full power and authority to execute, deliver and perform its obligations under this Agreement, and to the best of my knowledge, the representations of the City Manager in his letter dated the day of , 2024, are correct. BAL:JLM Very sincerely, Barry A. Lindahl, Esq. Senior Counsel EXHIBIT F MEMORANDUM OF DEVELOPMENT AGREEMENT Page 330 of 1050 Page 331 of 1050 Prepared by: Barry A. Lindahl 300 Main Street Suite 330 Dubuque IA 52001 563 583-4113 Return to: Barry A. Lindahl 300 Main Street Suite 330 Dubuque IA 52001 563 583-4113 MEMORANDUM OF DEVELOPMENT AGREEMENT A Development Agreement between the City of Dubuque, Iowa, an Iowa municipal corporation, of Dubuque, Iowa and Dubuque and Jackson County Habitat for Humanity was made regarding the following described premises: Lot 2 of Mount Pleasant Place, Lots 55, 56, 57, and 58 in Rosedale Addition, and, Lots 8, 9, 10, and 11 of the Subdivision of Lot 3 of the Subdivision of Mineral Lot No. 178, all in the City of Dubuque, Iowa, according to the respective recorded Plats thereof (the Property) The Development Agreement is dated for reference purposes the day of , 2024, and contains covenants, conditions, and restrictions concerning the use of said premises. This Memorandum of Development Agreement is recorded for the purpose of constructive notice. In the event of any conflict between the provisions of this Memorandum and the Development Agreement itself, executed by the parties, the terms and provisions of the Development Agreement shall prevail. A complete counterpart of the Development Agreement, together with any amendments thereto, is in the possession of the City of Dubuque and may be examined at its offices as above provided. Dated this day of , 2024. CITY OF DUBUQUE, IOWA Barry A. Lindahl, Esq., Senior Counsel STATE OF IOWA Page 332 of 1050 : SS: DUBUQUE COUNTY On this day of , 2024, before me, a Notary Public in and for the State of Iowa, in and for said county, personally appeared Barry A. Lindahl, to me personally known, who being by me duly sworn did say that he is Senior Counsel of the City of Dubuque, a Municipal Corporation, created and existing under the laws of the State of Iowa and that said instrument was signed on behalf of said Municipal corporation by authority and resolution of its City Council and said Senior Counsel acknowledged said instrument to be the free act and deed of said Municipal Corporation by it voluntarily executed. Notary Public, State of Iowa Page 333 of 1050 CITY OF DUBUQUE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the Dubuque City Council will conduct a public hearing on the 6th day of January, 2025, at 6:30 p.m., in the Historic Federal Building, 350 W. 61" Street, 2nd floor, Dubuque, Iowa, at which meeting the City Council proposes to take action to approve a Development Agreement between the City of Dubuque, Iowa and Dubuque and Jackson County Habitat for Humanity, a copy of which is now on file at the Office of the City Clerk, City Hall, 50 W 13th Street, Dubuque, Iowa, providing for the issuance of economic development grants (Urban Renewal Tax Increment Revenue Grant Obligations) described therein in order to carry out the purposes and objectives of the Urban Renewal Plan for the Mount Pleasant Place Urban Renewal Area , consisting of the funding of Urban Renewal Tax Increment Revenue Grant Obligations for Dubuque and Jackson County Habitat for Humanity, under the terms and conditions of the Urban Renewal Plan for the Mount Pleasant Place Urban Renewal Area. The aggregate amount of the Urban Renewal Tax Increment Revenue Grant Obligations cannot be determined at the present time but is not expected to exceed $500,000. 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 City Council agenda will be posted the Friday before the meeting and will contain public input options. The agenda can be accessed at https://dubugueia.portal.civicclerk.com/ or by contacting the City Clerk's Office at 563-589-4100, ctyclerk@cityofdubuque.org. Written comments on the public hearing may be submitted to the City Clerk's Office by email at ctyclerk@cityofdubuque.org or by mail to City Hall, 50 W. 131" St., Dubuque, IA 52001, before the scheduled hearing. The City Council will review all written comments at the time of the hearing. Documents related to the public hearing 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 requiring special assistance should contact the City Clerk's Office 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 16th day of December 2024. Adrienne N. Breitfelder, CIVIC, City Clerk Page 334 of 1050 Prepared by Ian C. Hatch, Assistant Economic Development Director, 1300 Main Street, Dubuque, IA 52001, (563) 589-4105 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13th St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 407-24 FIXING THE DATE FOR A PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA ON A DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA AND DUBUQUE AND JACKSON COUNTY HABITAT FOR HUMANITY, INCLUDING THE PROPOSED ISSUANCE OF URBAN RENEWAL TAX INCREMENT REVENUE GRANT OBLIGATIONS RELATING THERETO AND PROVIDING FOR THE PUBLICATION OF NOTICE THEREOF WHEREAS, City and Dubuque and Jackson County Habitat for Humanity have tentatively entered into a Development Agreement, subject to the approval of the City Council, a copy of which is now on file at the Office of the City Clerk, City Hall, 50 W. 13th Street, Dubuque, Iowa for the development of property located in the Mount Pleasant Place Urban Renewal Area in the City of Dubuque; and WHEREAS, the City Council has tentatively determined that it would be in the best interests of the City to approve the Development Agreement with Dubuque and Jackson County Habitat for Humanity; and WHEREAS, it is deemed necessary and advisable that City should authorize Urban Renewal Tax Increment Revenue Grant Obligations, as provided by Iowa Code Chapter 403, pursuant to the Development Agreement; and WHEREAS, before said obligations may be approved, Iowa Code Chapter 403 requires that the City Clerk publish a notice of the proposal and of the time and place of the meeting at which the City Council proposes to take action thereon and at which meeting the City Council shall receive oral and/or written objections from any resident or property owner of said City to such proposed action. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. The City Clerk is hereby authorized and directed to cause a notice to be published as prescribed by Iowa Code Section 403.9 of a public hearing on the City's intent to authorize Urban Renewal Tax Increment Revenue Grant Obligations, to be held on the 6th day of January, 2025 at 6:30 p.m. The official agenda will be posted on Friday, January 3, 2025 and will contain listening, viewing, and public input options. The City Council agenda can be accessed at https://dubugueia.portal.civiccierk.com/ or by contacting the City Clerk's Office at 563-589-4100, ctyclerk(a�-cityofdubugue.org. Section 2. The City Council will meet at said time and place for the purpose of taking action on the matter of authorizing Urban Renewal Tax Increment Revenue Grant Obligations and the execution of the Development Agreement relating thereto with Dubuque and Jackson County Habitat for Humanity, the proceeds of which obligations will be used to carry out certain of the special financing activities described in the Urban Renewal Plan for the Mount Pleasant Place Urban Renewal Area, consisting of the funding of Urban Renewal Tax Increment Revenue Grant Obligations to Dubuque and Jackson County Habitat for Humanity pursuant to the Development Agreement. It is expected that the aggregate amount of the Tax Increment Revenue Grant Obligations to be issued will be approximately $500,000. Section 3. The Clerk is hereby directed to cause at least one publication to be made of a notice of said meeting, in a newspaper, printed wholly in the English language, published at least once weekly, and having general circulation in said City, said publication to be not less than four days nor more than twenty days before the date of said meeting on the issuance of said obligations. Section 4. That the notice of the proposed action to issue said obligations shall be in substantially the form attached hereto. Passed, approved and adopted this 16th day of December, 2024. Attest: Adrienne N. Breitfelder, City Clerk 2