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Amending Tax Increment Ordinance 5-24 for the Dubuque Industrial Center Economic Development District, as amended by Version 2025.2 of the Amended and Restated PlanCity of Dubuque City Council ACTION ITEMS # 1. Copyrighted March 17, 2025 ITEM TITLE: Amending Tax Increment Ordinance 5-24 for the Dubuque Industrial Center Economic Development District, as amended by Version 2025.2 of the Amended and Restated Plan SUMMARY: City Manager recommending City Council adopt an ordinance amending the most recent Ordinance 5-24 for the Dubuque Industrial Center Economic Development District ("District") following approval of Version 2025.2 of the Amended and Restated Plan. ORDINANCE An Ordinance Correcting And Amending Ordinance No. 5-24, Previously Amended, Providing That General Property Taxes Levied And Collected Each Year On All Property Located Within The Amended And Restated Dubuque Industrial Center Economic Development District Urban Renewal Area Of The City Of Dubuque, County Of Dubuque, State Of Iowa, By And For The Benefit Of The State Of Iowa, City Of Dubuque, County Of Dubuque, Dubuque Community School District, And Other Taxing Districts, Be Paid To A Special Fund For Payment Of Principal And Interest On Loans, Monies Advanced To And Indebtedness, Including Bonds Issued Or To Be Issued, Incurred By Said City In Connection With The Amended And Restated Dubuque Industrial Center Economic Development District Urban Renewal Redevelopment Project By Adding Subarea T To The Division Of Revenues SUGGUESTED Receive and File; Motion B; Motion A DISPOSITION: ATTACHMENTS: 1. MVM Memo 2. Staff Memo 3. Urban Renewal Plan, Version 2025.2 4. Ordinance Page 758 of 848 THE CITY OF Dubuque DuBE uFA�a9a av Masterpiece on the Mississippi rP PP zoo�•*o 13 2017202019 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Amending Tax Increment Ordinance 5-24 for the Dubuque Industrial Center Economic Development District, as amended by Version 2025.2 of the Amended and Restated Plan DATE: March 11, 2025 Following City Council approval of Version 2025.2 of the Amended and Restated Plan, Economic Development Director Jill Connors is recommending City Council adopt an ordinance amending the most recent Ordinance 5-24 for the Dubuque Industrial Center Economic Development District ("District"). The District's boundaries were amended by Version 2025.2 of the Amended and Restated Urban Renewal Plan. The proposed ordinance was reviewed by the City Attorney's Office and is attached to this memo. The proposed amending ordinance would expand the District to include the property to be designated as Subarea W by Version 2025.2 of the Amended and Restated Urban Renewal Plan in the TIF ordinance area of the Amended and Restated Urban Renewal Area. The primary goal of Version 2025.2 of the Amended and Restated Plan is to expand the District by creating a new Subarea W. The expansion of the District is necessary to accommodate the issuance of urban renewal tax rebates under a Development Agreement by and between the City of Dubuque, Iowa, and Vanguard Enterprises, Inc. I concur with the recommendation and respectfully request Mayor and City Council approval. /-� -� LT k�4 Mic ael C. Van Milligen ►VA140►TA EVA Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jill Connors, Economic Development Director Page 759 of 848 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: Amending Tax Increment Ordinance 5-24 for the Dubuque Industrial Center Economic Development District, as amended by Version 2025.2 of the Amended and Restated Plan DATE: March 11, 2025 INTRODUCTION This memorandum presents for City Council review and adoption an ordinance amending the most recent Ordinance 5-24 for the Dubuque Industrial Center Economic Development District ("District"). The District's boundaries were amended by Version 2025.2 of the Amended and Restated Urban Renewal Plan. The proposed ordinance was reviewed by the City Attorney's Office and is attached to this memo. The proposed amending ordinance would expand the District to include the property to be designated as Subarea W by Version 2025.2 of the Amended and Restated Urban Renewal Plan in the TIF ordinance area of the Amended and Restated Urban Renewal Area. BACKGROUND On February 17, 2025, Resolution No. 60-25 was adopted finding that proposed changes to the District's boundaries are necessary and appropriate to facilitate the proper growth and development of the community in accordance with sound planning and local community objectives. On February 25, 2025, a Consultation was conducted with the affected taxing entities as required by Chapter 403.5 of the Iowa Code, providing an opportunity to discuss, question, or object to the findings in the Amended and Restated Urban Renewal Plan. Prior to the meeting, the taxing entities were mailed copies of the Amended and Restated Page 760 of 848 Urban Renewal Plan and the Notice of Public Hearing. No written objections or recommended changes to the Amended and Restated Plan were received. On March 7, 2025 the notice of public hearing was published to allow for the appropriate publication requirements. Assuming that the City Council approves the Amended and Restated Plan, Version 2025.2, following the public hearing, Council action to amend the tax increment ordinance for the District would be appropriate. DISCUSSION The primary goal of Version 2025.2 of the Amended and Restated Plan is to expand the District by creating a new Subarea W. The expansion of the District is necessary to accommodate the issuance of urban renewal tax rebates under a Development Agreement by and between the City of Dubuque, Iowa, and Vanguard Enterprises, Inc. In order to reflect the changes to the District's boundaries and Subareas made by Version 2025.2, the TIF ordinance area boundaries must also be amended. The proposed ordinance reflects the addition of Subarea W. The ordinance continues to authorize the City to maintain a special fund for the collection of a portion of the property tax revenues generated by new development occurring the District. All taxable property that remains located in the District will continue to pay property taxes based upon the current tax levies and assessment valuations. Tax revenues collected in excess of the base amounts in each Subarea will be used to assist in financing future development projects within the District, including both public and private development. RECOMMENDATION / ACTION STEP Following City Council approval of Version 2025.2 of the Amended and Restated Plan, I recommend that the City Council approve the ordinance attached hereto for the Dubuque Industrial Center Economic Development District. Tax increment financing is an important tool for economic development and will be used to assist future public and private development efforts. K Page 761 of 848 Prepared by: Ian C Hatch, City of Dubuque, 1300 Main Street, Dubuque, IA 52001 (563) 589-4105 Return to: Adrienne N Breitfelder, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4121 AMENDED and RESTATED URBAN RENEWAL PLAN Dubuque Industrial Center Economic Development District City of Dubuque, Iowa This Amended and Restated Urban Renewal Plan provides for the continued development of the Dubuque Industrial Center Economic Development District, originally established by Resolution 130-88 of the City Council of the City of Dubuque, Iowa on May 2, 1988 and thereafter amended and restated by Resolution 484-90 on December 17, 1990, Resolution 142-97 on April 7, 1997, Resolution 478-97 on November 17, 1997, Resolution 15-08 on January 7, 2008, Resolution 101-08 on March 17, 2008, Resolution 109-08 on April 7, 2008, Resolution 87-11 on March 7, 2011, Resolution 171-13 on June 3, 2013, Resolution 197-15 on June 1, 2015, Resolution 309-15 on September 8, 2015, Resolution 332-16 on September 19, 2016, Resolution 157-18 on May 21, 2018, Resolution 158-18 on May 21, 2018, Resolution 380-18 on December 17, 2018, Resolution 387-19 on November 4, 2019, Resolution 125-21 on April 19, 2021, Resolution 125- 21 on April 19, 2021, Resolution 323-21 on September 20, 2021, Resolution 324-21 on September 20, 2021, by Resolution 387-21 on November 1, 2021, by Resolution 197- 22 on May 16, 2022, by Resolution 289-22 on September 6, 2022, by Resolution 290-22 on September 6, 2022, by Resolution 290-22A on November 7, 2022, by Resolution 73- 23 on March 20, 2023, by Resolution 74-23 on March 20, 2023, by Resolution 180-23 on June 5, 2023, by Resolution Page 762 of 848 39-24 on February 19, 2024, by Resolution 40-24 on February 19, 2024, by Resolution 103-25 on March 17, 2025, and by Resolution 104-25 on March 17, 2025. Prepared by the Economic Development Department. Version 2025.2 K TABLE OF CONTENTS A. INTRODUCTION.................................................................................................. 4 B. OBJECTIVES....................................................................................................... 4 C. DISTRICT BOUNDARIES....................................................................................5 D. PUBLIC PURPOSE ACTIVITIES.........................................................................5 E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS................................7 F. LAND ACQUISITION AND DISPOSITION..........................................................8 G. FINANCING ACTIVITIES.....................................................................................9 H. STATE AND LOCAL REQUIREMENTS............................................................11 I. DURATION OF APPROVED URBAN RENEWAL PLAN..................................11 J. SEVERABILITY.................................................................................................12 K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN..............................12 L. ATTACHMENTS................................................................................................12 Q Page 764 of 848 AMENDED and RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL PLAN City of Dubuque, Iowa A. INTRODUCTION This AMENDED and RESTATED URBAN RENEWAL PLAN (the "Plan") has been prepared to provide for the further development and redevelopment of the DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT (the "District") first established by the City of Dubuque on May 2, 1988. Its intent is to stimulate economic development activities within the expanded District through the commitment of public actions as specified herein. To achieve this objective, the City of Dubuque shall undertake the urban renewal actions specified in this Plan, pursuant to the powers granted to it under Chapter 403 of the Iowa Code, Urban Renewal Law. This Plan shall serve as a new urban renewal plan for the District described herein. The Plan shall be viewed as a single plan for purposes of fulfilling the objectives of this Plan. The separate subareas of this Plan (the "Subarea(s)") will be maintained and observed for those purposes which are aided by or in need of the division, but the combined area comprising the District shall be treated together for planning and redevelopment purposes. The division of taxation authorized by Section 403.19 and the separation of incremental taxes as defined in Section 403.19(2) have been implemented in the existing area of the District (the different areas of the District are hereinafter referred to as Subareas). Under the terms of this Plan, the tax increment mechanism shall continue in the existing Subareas and shall be implemented within a new Subarea being added to the District. Incremental taxes shall continue to be determined separately with respect to each of the Subareas comprising the District, and when collected shall be applied, subject to such liens and priorities as may exist or be from time to time provided, with respect to the Amended and Restated Dubuque Industrial Center Economic Development District, as so amended. B. OBJECTIVES The primary objectives of the Plan are the development and redevelopment of the District for economic development activities, primarily industrial park development, through: CI Page 765 of 848 Provision of marketable industrial development sites for the purpose of job - creating economic development activities; 2. Provision of public infrastructure improvements, including sanitary sewer, water and stormwater detention, supportive of full development of the District; 3. Provision of a safe, efficient and attractive circulation system; 4. Establishment of design standards which will assure cohesive and compatible development and redevelopment of the District; 5. Provision of public amenities that provide an aesthetically appealing environment, including open space, buffering, landscaping, water features, signage and lighting to create a distinctive and attractive setting; 6. Creation of financial incentives necessary to encourage new and existing businesses to invest in the District; and 7. Expansion of the property tax base of the District. C. DISTRICT BOUNDARIES The District is located entirely within the County of Dubuque, State of Iowa. Most of the District, including all of Subareas A, B, C (as amended), D, E, G, H, K, L, M, N, O, P, Q, R, S, T, U, V, and W currently is within the corporate limits of the City of Dubuque. In accordance with Iowa Code Section 403.17(4), Dubuque County consented to the inclusion of Subarea F in the District in a Joint Agreement between the City and County, dated April 20, 2015. The City expects that Subarea F ultimately will become part of the City of Dubuque. In accordance with Iowa Code Section 403.17(4), Dubuque County consented to the inclusion of Subareas I and J in the District in a Joint Agreement between the City and County, dated August 8, 2016. This Plan creates a new subarea within the District, Subarea W, by adding property to the District (see Attachment D). Subarea W includes undeveloped property that was previously a portion of the expired Subarea B. The City of Dubuque believes that the objectives of the Plan can best be accomplished by defining the real property included within the District as seventeen separate areas so as to distinguish the original District (Subarea A) from the subsequent expansion areas (Subareas B (as amended), C (as amended), D, E (as amended), F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, and W). The descriptions of the boundaries of each Subarea are attached to this Plan as ATTACHMENT D, District Boundary Description by Subarea. Page 766 of 848 The boundaries of the District are delineated on the Subarea Map, attached to this Plan as ATTACHMENT A. The City of Dubuque reserves the right to further modify the boundaries of the District at some future date. Any amendments to the Plan will be completed in accordance with Chapter 403 of the Iowa Code, Urban Renewal Law. D. PUBLIC PURPOSE ACTIVITIES To meet the OBJECTIVES of this Plan, the City of Dubuque has and expects to continue to initiate and support development and redevelopment of the District through, among other things, the following PUBLIC PURPOSE ACTIVITIES: Acquisition of property for public improvements and private development; a.) These activities include, but are not limited to, previously approved consultant work that will examine and identify future areas for acquisition and industrial park development. b.) These activities also include the acquisition of property that is included in the previously approved Subareas of this Plan. c.) These activities also include the acquisition of property that is included in Subarea T. 2. Demolition and removal of buildings and improvements not compatible with or necessary for industrial park development and all site preparation and grading required in connection with such development; a.) These activities include, but are not limited to, the previously approved site work and grading associated with the development of the Dubuque Industrial Center, the Dubuque Industrial Center West and Dubuque Industrial Center South. 3. Improvement, installation, construction and reconstruction of streets, utilities and other improvements and rights -of -ways including but not limited to the relocation of overhead utility lines, street lights, construction of railroad spur tracks, appropriate landscaping and buffers, parks and open space and signage; a.) These activities include, but are not limited to, future and previously approved development of road, water, wastewater, and storm water infrastructure associated with the development of the Dubuque Industrial Center, the Dubuque Industrial Center West and the Dubuque Industrial Center South. b.) These activities include, but are not limited to, the previously approved development of the Bergfeld recreational area, pond, R* Page 767 of 848 and walking trail, as well as additional signage and trail improvements. c.) These activities also include the construction and installation of supporting infrastructure within the District. 4. Disposition of any property acquired in the District, including sale, initial leasing or retention by the City itself, at its fair value; 5. Preparation of property for development and redevelopment purposes including but not limited to activities such as appraisals and architectural and engineering studies; a.) These activities include, but are not limited to, the previously approved site work and grading associated with the development of the Dubuque Industrial Center, the Dubuque Industrial Center West and Dubuque Industrial Center South. 6. Maintenance of publicly utilized recreational and economic development areas; a.) These activities include, but are not limited to, general landscaping and maintenance expenses in public right-of-way and undeveloped land owned by the City of Dubuque. 7. Use of tax increment financing, loans, grants and other appropriate financial tools in support of eligible public and private development and redevelopment efforts; • These activities also include, but are not limited to, previously approved property tax rebate agreements with: • Leo A. Theisen and Theisen Supply, Inc.; • A.Y. McDonald Mfg. Co.; • Green Industrial Supply, Inc.; • Walter Development, LLC and TM, Inc.; • Spiegel Family Realty Company; • Progressive Processing, LLC/Hormel; • ITC Midwest LLC; • Medline Industries, Inc. (November 2007); • Art's-Way Vessels, Inc.; • Kendall/Hunt Publishing Company, Westmark Enterprises, Inc. and Great River Technologies, LLC.; • P&L Venture, LLC, and National Dentex; • Dubuque Screw Products, Inc.; • Giese Properties, LLC and Giese Manufacturing 7 Page 768 of 848 Company, Inc. (Phase I, II, and III); • Faley Properties, L.L.C. and Faley Enterprises, Inc.; • Malay Holdings, LLC, and Vanguard Countertops, Inc.; • Tri-State Industries Inc.; • TriState Quality Metals, LLC; • Roasting Solutions, LLC; • Flexsteel Industries, Inc.; and • Medline, Industries, Inc. (May 2018) • Walter Development, LLC • Walter Development, LLC, BAS Development, LLC, and Unison Solutions, Inc. • Simmons Pet Food, Inc. • Scherr Real Estate, LLC, and Dubuque Screw Products, Inc. • Green Industrial Properties, L.L.C., Innovation Properties, L.L.C., and Green Industrial Supply, Inc. • Geisler Realty, LLC, and Dubuque Steel Products, Inc. • Seippel Warehouse, LLC • Vanguard Enterprises, Inc. • These activities include, but are not limited to, previously approved agreements to sell bonds, leveraging tax increment financing on capital improvement for; • American Tank and Fabrication, Co. (formerly Vessel Systems, Inc.) for the development of a 31,000 square feet industrial manufacturing facility at 8025 Chavenelle Road. • The Adams Company for the development of a 50,000 square foot industrial facility at 8040 Chavenelle Road. • The City expects to consider requests for additional development agreements for projects that are consistent with this Plan, as amended, in the City's sole discretion. Such additional agreements are unknown at this time, but based on past history and dependent on development opportunities and climate, the City expects to consider a broad range on incentives as authorized by this Plan, as amended, including, but not limited to, land, loans, grants, tax rebates, public infrastructure assistance, and other incentives. The costs of such additional development agreements will not exceed $10,000,000 8. Enforcement of applicable local, state and federal laws, codes and regulations; E:3 Page 769 of 848 9. Enforcement of established design standards in furtherance of quality development; 10. Development and implementation of a marketing program for the purpose of promoting the purchase and development of industrial sites by private developers; 11. Coordination and cooperation with the improvement of Seippel Road as it affects accessibility to U.S. Highway 20 from Subareas B, C, E, F, I, J. 12. Contracts with vendors to promote business retention, expansion, recruitment, and workforce development; a.) These activities include, but are not limited to, a contract for service with the Greater Dubuque Development Corporation to promote business retention and expansion, workforce development, new business recruitment and commercial and industrial expansion in the District. b.) These activities include, but are not limited to, related legal expenses. 13. Construction by the County of one or more County -owned buildings in Subareas I and/or J. a.) These activities include the support of the County's investment of Dubuque County funds into the construction of a new office building and a new maintenance and storage shop on certain County -owned real property situated at 13047 City View Drive for use by the County's Secondary Roads, Health, Zoning and County Assessor Departments. The County funding for this project may come from borrowed funds through the issuance of general obligation indebtedness or such other sources as the County may identify in the future. It is not anticipated that the City or TIF funds from the District will finance this project in any way. 14. Design and construction buildout of one or more City leased buildings in Subarea B. a.) These activities include the use of tax increment in the District to finance the design and construction buildout of a City Data Center in leased space located at 7900 Chavenelle. Cost for this project is not anticipated to exceed $300,000. Public purpose activities are limited to those areas delineated on the URBAN RENEWAL DISTRICT map (Attachment A). 1097 Page 770 of 848 All public purpose activities shall be conditioned upon and shall meet the restrictions and limitations placed upon the District by the Plan. E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall apply to any and all District properties the development and/or the redevelopment of which is assisted by the City through any of the PUBLIC PURPOSE ACTIVITIES listed above. 1. Land Use Subareas A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, and W shall continue to be developed under the regulations of the existing Dubuque Industrial Center Planned Industrial District. The allowed uses provide for a mix of commercial and industrial land use activities within a quality industrial park setting. LAND USE maps (Attachments B-1 and B-2) identify the existing and the proposed land uses within Subareas A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, and W. 2. Planning and Design Criteria The planning criteria to be used to guide the physical development of Subareas A, B, C, D, E, F, G, H, K, L, M, N, O, P, Q, R, S, T, U, V, and W are those standards and guidelines contained within the City of Dubuque's Unified Development Code and other applicable local, state and federal codes and ordinances. a. Subarea A development will continue to be additionally governed by the Conditions of Development and Operation Documents of the Dubuque Industrial Center Planned Industrial District as amended from time to time. b. Subareas B, C, D, E, F, K, N, O, P, Q, R, S, T, U, V, and W will develop under a PI Planned Industrial District ordinance as required by Section 16- 5-24 of the City of Dubuque's Unified Development Code. Development will follow the Planned Unit Development regulations which require a conceptual development plan and specific design and performance standards to be approved by ordinance. C. Subareas G, H, L, and M are intended to develop as an Industrial area similar to Subareas B, C, D, E, and F. d. Subareas I, J, and a portion of Subarea P are located in Dubuque County outside of City of Dubuque corporate limits and therefore are not subject to City Development Codes. Page 771 of 848 F. LAND ACQUISITION AND DISPOSITION The City of Dubuque is prepared to acquire and dispose of property in support of the development and redevelopment of the District within the parameters set forth below. Land Acquisition The City has acquired substantially all of the land located within the District, except Subareas I and J, and has made the same available for private development in accordance with this Plan. 2. Land Disposition All City owned land that is available for development within the District, will be sold for the development of viable uses consistent with this Plan and not for purposes of speculation. Land will be disposed of in accordance with the requirements set forth in Chapter 403 of the Iowa Code, Urban Renewal Law. Developers will be selected on the basis of the quality of their proposals and their ability to carry out such proposals while complying with the requirements of this Plan. Developers will be required by contractual agreement to observe the Land Use Requirements and Planning and Design Criteria of this Plan. The contract and other disposition documents will set forth the provisions, standards and criteria for achieving the objectives and requirements outlined in this Plan. 3. Relocation Requirements No relocation is anticipated at this time; however, if any relocation is necessary as part of the eligible urban renewal projects, the City will follow all applicable relocation requirements. G. FINANCING ACTIVITIES To meet the OBJECTIVES of this Plan and to encourage the development of the District and private investment therein, the City of Dubuque is prepared to provide financial assistance to qualified industries and businesses through the making of loans or grants under Chapter 15A of the Iowa Code and through the use of tax increment financing under Chapter 403 of the Iowa Code. Chapter 15A Loan or Grant The City of Dubuque has determined that the making of loans or grants of public funds to qualified industries and businesses is necessary to aid in the planning, 11 Page 772 of 848 undertaking and completion of urban renewal projects authorized under this Plan within the meaning of Section 384.24(3)(q) of the Iowa Code. Accordingly, in furtherance of the objectives of this Plan, the City of Dubuque may determine to issue bonds or loan agreements, in reliance upon the authority of Section 384.24A, Section 384.24(3)(q), Section 403.12 (general obligation bonds) or Section 403.9 (tax increment bonds), for the purpose of making loans or grants of public funds to qualified businesses located within the District. Alternatively, the City may determine to use available funds for the making of such loans or grants. In determining qualifications of recipients and whether to make any such individual loans or grants, the City of Dubuque shall consider one or more of the factors set forth in Section 15A.1 of the Iowa Code on a case -by -case basis. 2. Tax Increment Financing The City of Dubuque is prepared to utilize tax increment financing as a means of financing eligible costs incurred to implement the Public Purpose Activities identified in Part D of this Plan. Bonds, tax rebate agreements and/or loan agreements may be issued by the City under the authority of Section 403.9 of the Iowa Code (tax increment bonds) or Section 384.24A, Section 384.24(3)(q) and Section 403.12 (general obligation bonds). The City acknowledges that the use of tax increment revenues delays the ability of other local taxing bodies to realize immediately the direct tax benefits of new development in the District. The City believes, however, that the use of tax increment revenues to finance the development of new industrial land and to promote private investment in the District is necessary in the public interest to achieve the OBJECTIVES of this Plan. Without the use of this special financing tool, new investment may not otherwise occur or may occur within another jurisdiction. If new development does not take place in Dubuque, property values could stagnate and the City, County and School District may receive less taxes during the duration of this Plan than they would have if this Plan were not implemented. Tax increment financing will provide a long-term payback in overall increased tax base for the City, County and School District. The initial public investment required to generate new private investment will ultimately increase the taxable value of the District well beyond its existing base value. Tax increment reimbursement may be sought for, among other things, the following costs to the extent they are incurred by the City: a. Planning and administration of the Plan; b. Construction of public infrastructure improvements and facilities within the District; iifJ Page 773 of 848 C. Acquisition, installation, maintenance and replacement of public investments throughout the District including but not limited to street lights, landscaping and buffers, signage and appropriate amenities; d. Acquisition of land and/or buildings and preparation of same for sale or lease to private developers, including any "write down" of the sale price of the land and/or building; e. Preservation, conservation, development or redevelopment of buildings or facilities within the District to be sold or leased to qualified businesses; f. Loans or grants to qualified businesses under Chapter 15A of the Iowa Code, including tax rebate payments, debt service payments on any bonds issued to finance such loans or grants, for purposes of expanding the business or activity, or other qualifying loan programs established in support of the Plan; g. Providing the matching share for a variety of local, state and federal grants and loans; and h. Any of the costs incurred in connection with any of the PUBLIC PURPOSE ACTIVITIES described in Part D of this Plan. 3. Proposed Amount of Indebtedness At this time, the extent of improvements and new development within the District is only generally known. As such, the amount and duration for use of the tax increment revenues for public improvements and/or private development can only be estimated; however, the actual use and amount of tax increment revenues to be used by the City for District activities will be determined at the time specific development is proposed. It is anticipated that the maximum amount of indebtedness which will qualify for tax increment revenue reimbursement during the duration of this Plan, including acquisition, public improvements and private development assistance within the District, will not exceed $70,500,000. The City of Dubuque's current general debt subject to the statutory debt limit is $112,190,029 (a list of the outstanding obligations is found at Attachment C) and the current statutory debt limit is $321,926,120. H. STATE AND LOCAL REQUIREMENTS All provisions necessary to conform with state and local laws have been complied with by the City of Dubuque in the implementation of this Plan and its supporting documents. i9l Page 774 of 848 I. DURATION OF APPROVED URBAN RENEWAL PLAN 1. Subarea A This Plan shall continue in effect for Subarea A until terminated by action of the City Council, but in no event before the City of Dubuque has received full reimbursement from all incremental taxes of its advances and principal and interest payable on all Tax Increment Financing or general obligations issued to carry out the OBJECTIVES of the Plan. 2. Subareas B. C. D. E. F. G. H. I. J. K. L. M. N. O. P. Q. R. S. T. U. V. and W This Plan shall continue in effect until terminated by the City Council; provided, however, that the collection of tax increment revenues from properties located in Subareas B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, and W shall be limited as provided by law (currently twenty (20) years from the calendar year following the calendar 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 division of tax increment revenue as provided for in Section 403.19 (tax increment financing) of the Iowa Code, or in which the City first includes the Subarea in an ordinance for the division of tax increment revenue). The DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS established, or as amended from time to time by the City of Dubuque Zoning Ordinance, shall remain in effect in perpetuity. J. SEVERABILITY In the event one or more provisions contained in this Plan shall be held for any reason to be invalid, illegal, unauthorized or unenforceable in any respect, such invalidity, illegality, unauthorization or unenforceability shall not affect any other provision of this Plan and this Plan shall be construed and implemented as if such provision had never been contained herein. :_1►yil=1 ilk l91►iyil=1 ilk kdue] y_1»:Z01T/=11X11 �=T_1►10 =1ki1=1Ti%1IIII]W_1Z This Plan may be amended from time to time to respond to development opportunities. Any such amendment shall conform to the requirements of Chapter 403 of the Iowa Code. Any change effecting any property or contractual right can be effectuated only in accordance with applicable state and local law. L. ATTACHMENTS A Urban Renewal District Map Page 775 of 848 B Land Use Maps B-1 Existing Land Use B-2 Proposed Land Use C List of General Obligation Debt D Legal Descriptions 15 Page 776 of 848 T EXHIBIT A L HfM1NSYWANIAAVE a IDOL[ RD o 2025.2 Dubuque Industrial Center M— K a R G N A r Economic Development District RD D /�GE r . 9GF �. Q HUMKE THE CITY OF DUB E Masterpiece on the Mississippi HAEconomic Development\Urb Center\DubuquelndustrialCent EXHIBIT B-1: EXISTING LAND USE 2025.2 Dubuque Industrial Center Economic Development District ,T ,r r d Dubuque Industrial Center West Institutional Dubuque City Limits Light Industrial r Agriculture Office 140L� Commercial THE CITY OF DuB E Heavy Industrial Masterpiece on the Mississippi HAEconomic Development\Urban Renewal Districts\Dubuque Industrial Center\DubuquelndustrialCenter2025.aprx Parks & Open Space Vacant m WHIU11AIKE —" D�GHWAV RD Fj I I _l 1 - THE CITY OF DUB E �S14,,s Masterpiece on the Mississippi U. �LLEpl. 0 L PENNSYLVANIA'AVE CNAVENELLE RD 1-,I::: EXHIBIT B-2: PROPOSED LAND USE 2025.2 Dubuque Industrial Center Economic Development District r- 07 _ q, s� 0 �77 d Dubuque Industrial Center j Mixed Use Dubuque City Limits Commercial Heavy Industrial Light Industrial Institutional Multi -Family Residential Office Parks & Open Space Single Family Residential HAEconomic Development\Urban Renewal Districts\Dubuque Industrial Center\D6buquelndustrialCenter2025.aprx 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 2014E 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 2014B 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 Page 780 of 848 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 Fire HVAC Headquarters Sales Tax 20% 8/1/23 4.70% 2043 188,576 188,576 6,211 9,016 182,365 Fire Ladder/Pumper Replac ST20% Future 4.50% 2044 2,090,000 2,090,000 34,036 86,449 2,055,964 Fire Ambulance - FY24 ST20% Future 4.50% 2044 344,000 344,000 5,602 14,229 338,398 Fire HVAC - FY24 ST20% Future 4.50% 2044 442,645 442,645 7,209 18,309 435,436 Fire Equip Replacement - FY25 ST20% Future 4.50% 2045 969,342 - 969,342 Fire Station Improvements - FY25 ST20% Future 4.50% 2045 1,320,900 - 1,320,900 Fire Training Burn Tower Imp FY25 ST20% Future 4.50% 2045 466,676 - 466,676 Franchise Fee Settlement Levy 4/4/16 2.93% 2035 2,830,000 1,760,000 145,000 53,906 1,615,000 GDTIF Colts Building Renovation 6/20/19 3.00% 2039 1,575,000 1,370,000 75,000 41,100 1,295,000 GDTIF - Parks Jackson/Clock Non -Taxable 6/2/21 2.00% 2041 535,000 535,000 - 10,700 535,000 GDTIF - DT Parking Ramp - FY21 6/2/21 2.00% 2036 880,167 822,171 61,407 16,443 760,764 GDTIF Eng Dock Expansion - FY21 6/2/21 2.00% 2036 409,833 382,828 28,593 7,657 354,235 GDTIF DT Parking Ramp - FY22 6/29/22 4.07% 2042 975,000 975,000 40,000 41,453 935,000 GDTIF Docks/Five Flags AC - FY22 6/29/22 4.07% 2042 745,000 745,000 30,000 31,668 715,000 GDTIF Central/Parking Ramp/Five Flags 8/1/23 4.70% 2043 1,080,000 1,080,000 35,000 51,683 1,045,000 GDTIF Smart Parking - FY24 Future 4.50% 2044 1,217,500 1,217,500 19,827 50,359 1,197,673 GDTIF Ramp Major Maintenance - FY24 Future 4.50% 2044 270,777 270,777 4,410 11,200 266,367 GDTIF Iowa Amphitheater -FY24 Future 4.50% 2044 3,000,000 3,000,000 105,455 122,794 2,894,545 GDTIF Iowa Amphitheater -FY25 Future 4.50% 2045 285,000 - 285,000 GDTIF ABC Supply Building - FY25 Future 4.50% 2045 457,000 - 457,000 GDTIF Smart Parking - FY25 Future 4.50% 2045 1,957,000 - 1,957,000 GDTIF Ramp Major Maintenance - FY25 Future 4.50% 2045 6,053,000 - 6,053,000 GDTIF Federal Building Renovation - FY25 Future 4.50% 2045 533,000 - 533,000 GDTIF Downtown Housing Refunding 4/17/17 3.00% 2030 2,120,000 1,140,000 170,000 36,805 970,000 GDTIF Millwork District Refunding 4/17/17 3.00% 2030 2,080,000 1,075,000 165,000 32,250 910,000 GDTIF - 7th St/2-Way Conversion Ref 6/2/21 2.00% 2031 3,204,576 2,329,252 307,847 46,585 2,021,405 GDTIF - Intermodal 2012A Refunding 6/2/21 2.00% 2031 2,545,000 1,845,000 240,000 36,900 1,605,000 GDTIF 5th St Restroom/MFC 2012H Ref 6/2/21 2.00% 2032 1,254,420 938,492 106,858 18,770 831,634 GDTIF Wash Neigh Refunding Taxable 6/2/21 2.00% 2032 493,592 370,904 43,168 7,418 327,736 GDTIF 2014C Taxable Refunding 6/2/21 2.00% 2034 5,385,000 4,275,000 390,000 85,500 3,885,000 GDTIF 2014B Refunding 6/2/21 2.00% 2034 155,000 125,000 10,000 2,500 115,000 Library Improvements - Sales Tax 20% 6/20/19 3.00% 2022 39,408 15,831 5,110 1,046 10,721 Library Improv Sales Tax 20% Ref 2012E 6/2/21 2.00% 2027 84,526 42,893 14,156 858 28,737 Park Improvements - Sales Tax 20% 6/20/19 3.00% 2027 47,290 18,998 6,132 1,255 12,866 Park Water System Study Ref ST20% 4/17/17 3.00% 2030 60,000 29,900 5,300 738 24,600 Park Ham House - Sales Tax 20% 4/4/16 2.79% 2035 200,668 127,120 9,988 3,672 117,132 Park Skate Park ST20% 6/20/19 3.00% 2027 613,524 235,422 78,474 7,063 156,948 Parking Port of Dubuque Parking Ramp 3/19/18 3.05% 2026 373,553 104,075 50,179 3,228 53,896 Parking Central Ave Ramp Refunding 4/17/17 3.00% 2030 6,380,000 2,990,000 560,000 89,700 2,430,000 Parking Iowa Street Ramp Improvements 3/19/18 2.91% 2031 45,516 26,955 3,453 809 23,502 Parking Locust Ramp Security Cameras 6/20/19 3.00% 2033 126,054 77,444 9,733 1,992 67,711 Parking Improvements Refunding 2014B 6/2/2021 2.00% 2034 125,000 95,000 10,000 1,900 85,000 Parking Improv Taxable Refunding 2014C 6/2/21 2.00% 2034 220,000 175,000 15,000 3,500 160,000 Police CAD Software - Gaming Ref 6/2/21 2.00% 2030 160,000 110,000 20000 2,200 90,000 Public Works Equip Ref RUT 4/17/17 3.00% 2030 392,000 195,400 34,500 5,862 160,900 Public Works Radio Replacement ST20% 3/19/18 2.91% 2028 110,000 45,606 10,732 1,368 34,874 PW Curb Ramp/Eng St Improv Ref ST30% 6/2/21 2.00% 2034 885,000 710,000 65,000 14,200 645,000 Rec Imp Sales Tax 20% Refunding 2012E 6/2/21 2.00% 2028 7,572 4,391 1,082 88 3,309 Rec Ice Center Settling Sales Tax 20% 8/1/23 4.70% 2043 4,614,310 4,614,310 151,968 220,619 4,462,342 Sanitary Improvements Refunding 4/17/17 3.00% 2030 660,000 340,000 50,000 10,200 290,000 Sanitary Sewer Improvements 3/19/18 2.91% 2031 1,030,009 609,965 78,146 18,300 531,819 Sanitary Forcemain Refunding 2012E 6/2/21 2.00% 2032 376,122 275,965 33,031 5,519 242,934 Sanitary Sewer Improvements 6/20/19 3.00% 2033 1,124,412 740,381 82,733 16,932 657,648 Sanitary Sewer Imp Refunding 2014B 6/2/21 2.00% 2034 4,390,000 3,475,000 315,000 69,500 3,160,000 Sanitary Sewer Improvements 4/4/16 2.79% 2035 2,405,000 1,525,000 120,000 44,006 1,405,000 Solid Waste Collection Refunding 4/17/17 3.00% 2030 51,300 25,600 4,500 768 21,100 Solid Waste Collection 3/19/2018 2.91% 2031 27,447 16,254 2,082 488 14,172 218 Page 781 of 848 Debt Management Date Average Year of Amount Principal Principal Interest Principal Description of Interest Final of Outstanding Due Due Outstanding Issue Rate Payment Issue 6/30/24 FY 2025 FY 2025 6/30/25 Solid Waste Collection - FY24 Future 4.50% 2044 148,000 148,000 2,410 6,122 145,590 Solid Waste Collection - FY25 Future 4.50% 2045 873,700 873,700 Stormwater Refunding 4/4/16 2.91% 2028 6,270,000 1,200,000 440,000 36,000 760,000 Stormwater Improvements Refunding 4/17/17 3.00% 2030 2,015,000 1,000,000 165,000 30,000 835,000 Stormwater Improvements 3/19/18 2.91% 2031 1,714,542 1,015,356 130,081 30,460 885,275 Stormwater Improv Refunding 2012B 6/2/21 2.00% 2031 1,115,424 810,748 107,153 16,215 703,595 Stormwater Improv Refunding 2012E 6/2/21 2.00% 2032 77,131 56,592 6,774 1,132 49,818 Stormwater Improvements 6/20/19 3.00% 2033 290,796 193,576 19,467 3,984 174,110 Stormwater Upper Bee Branch SRF GO NA 4/30/21 1.18% 2037 22,138,000 17,378,398 1,227,000 248,806 16,151,398 Streetlight Replacement Refunding - ST 4/17/17 3.00% 2030 4,900 2,500 400 75 2,100 Street FEMA Land Buyout - Gaming 6/20/19 3.00% 2027 64,901 25,428 8,468 1,733 16,960 Street Fiber/Sidewalk/Lights Refunding RUT 4/17/17 3.00% 2030 258,600 129,000 22,800 3,870 106,200 Street Southwest Arterial 3/19/18 2.91% 2031 771,557 456,920 58,537 13,708 398,383 Street Southwest Arterial - Refunding 2012E 6/2/21 2.00% 2032 827,747 643,857 67,486 12,877 576,371 Transit Radio Replacement ST20% 3/19/18 2.91% 2028 95,000 39,392 9,268 1,182 30,124 Transit Midtown Transfer ST20% 6/20/19 3.00% 2039 216,125 216,125 6,484 216,125 Transit Vehicle Replacement ST20% 6/2/21 2.00% 2041 780,609 691,275 34,032 13,826 657,243 Water System Improvements 3/19/18 2.91% 2031 1,155,930 684,546 87,700 20,536 596,846 Water Improv Refunding 2012E 6/2/21 2.00% 2032 369,768 271,303 32,473 5,426 238,830 Water System Improvements 6/20/19 3.00% 2033 1,323,107 871,017 97,333 19,920 773,684 Water System Improv Refunding 2014B 6/2/21 2.00% 2034 7,470,000 5,915,000 535,000 118,300 5,380,000 Water System Improvements 4/4/16 2.79% 2035 635,000 405,000 30,000 11,688 375,000 Total General Obligation Bonds 146,447,786 95,787,605 8,292,237 2,615,789 103,186,336 Less Annual Appropriation G.O. - (15,902,592) - - (14,675,138) Total G.O. Bonds Subject to Debt Limit 146,447,786 79,885,013 8,292,237 2,615,789 88,511,198 Tax Increment Port of Dubuque Parking Ramp 10-16-07 7.5000% 2037 23,025,000 16,350,000 785,000 1,226,250 15,565,000 Total Tax Increment Bonds 23,025,000 16,350,000 785,000 1,226,250 15,565,000 Total Tax Increment 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 Page 782 of 848 Debt Management Date Average Year of Amount Principal Principal Interest Principal Description of Interest Final of Outstanding Due Due Outstanding Issue Rate Payment Issue 6/30124 FY 2025 FY 2025 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 Revenue Bonds Sanitary Northfork Catfish Imp SRF Sanitary W&RRC Upgrade SRF Sanitary WRRC Cogeneration SRF Sanitary Kerper Boulevard & Sponsor SRF Sanitary Projects Planning - FY21 SRF Sanitary Granger Creek & Force Main Plan Sanitary 42" Force Main WQFP Loan Sanitary Projects- FY24 (FY23 Carryovers) Sanitary Projects- FY24 Sanitary Projects- FY25 Stormwater Lower Bee Branch Rest SRF Stormwater Lower Bee Branch SRF Stormwater Northfork Catfish Improv. SRF Stormwater Sales Tax Increment Rev NA Stormwater Sales Tax Revenue - GO Stormwater Upper Bee Branch RR SRF Stormwater West 32nd Detention SRF Water Webber Extension - FY22 Water Projects- FY24 (FY23 Carryovers) Water Projects- FY24 Water Projects- FY25 Water Roosevelt Water Tower SRF Water CIWA Purchase & Improvements Water- Clear Well Reservoirs SRF Water Meter Change Out Program SRF Water System Improv & Ext. Refunding Total Revenue Bonds Less Annual Appropriation Revenue Bds Net Revenue Bonds Total City Indebtedness Statutory Debt Limit % of Debt Limit Used Remaining Debt Capacity 199,331,499 105,280,288 12,967,709 3,916,569 112,190,029 1/13/10 3.25% 2031 912,000 337,000 52,000 10,953 285,000 8/18/10 3.25% 2039 74,285,000 47,502,000 2,747,000 950,039 44,755,000 5/17/13 2.00% 2033 3,048,000 1,522,000 156,000 30,440 1,366,000 3/8/19 1.00% 2038 2,763,000 1,906,537 129,000 19,114 1,777,537 Various 2.00% 2043 1,770,000 1,732,668 75,788 34,276 1,656,880 1/7/2022 -% 2044 465,000 455,192 19,910 9,005 435,282 3/3/2023 1.00% 2043 1,950,000 1,862,000 89,000 18,620 1,773,000 Future 2.68% 2044 11,290,109 11,290,109 456,443 274,920 10,833,666 Future 2.68% 2044 4,228,710 4,228,710 170,961 102,971 4,057,749 Future 2.68% 2045 17,683,900 17,683,900 10/27/10 3.25% 2041 7,850,000 5,337,000 240,000 173,452 5,097,000 9/1/14 2.00% 2034 1,029,000 168,000 17,000 3,360 151,000 1/13/10 3.25% 2031 800,000 295,000 45,000 9,588 250,000 6/15/15 3.72% 2031 20,800,000 16,725,000 2,150,000 618,968 14,575,000 5/19/2014 3.23% 2029 7,190,000 6,000,000 1,125,000 275,500 4,875,000 6/7/19 2.00% 2040 16,382,000 13,603,000 730,000 272,060 12,873,000 1/14/09 3.25% 2028 1,847,000 466,000 111,000 15,145 355,000 1/7/22 -% 2044 1,570,000 1,536,886 67,224 30,403 1,469,662 Future 2.68% 2044 1,633,646 1,633,646 66,046 39,780 1,567,600 Future 2.68% 2044 4,140,315 4,140,315 167,387 100,819 3,972,928 Future 2.68% 2045 4,686,377 4,686,377 8/9/19 2.00% 2040 4,400,000 3,654,000 196,000 73,080 3,458,000 7/7/17 2.00% 2036 8,613,761 6,063,761 521,000 152,960 5,542,761 10/18/07 3.25% 2028 915,000 232,000 55,000 4,640 177,000 2/12/10 3.25% 2031 6,394,000 2,692,000 349,000 87,587 2,343,000 8/18/21 2.00% 2030 3,505,000 2,435,000 380,000 48,700 2,055,000 210,151,818 135,817,824 10,115,759 3,356,380 148,072,342 - (13,956,032) - - (11,803,968) 210,151,818 121,861,792 10,115,759 3,356,380 136,268,374 409,483,317 257,000,704 23,083,468 7,272,949 274,9 77,509 262,722,395 $321,926,12 40.07 % 34.85 % 157,442,107 209,736,091.4 220 Page 783 of 848 ATTACHMENT D DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT (2025.2) Updated February 5, 2025 LEGAL DESCRIPTION: Subarea A of the District consists of the real property legally described as follows: ■ All of Dubuque Industrial Center Eighth Addition; and ■ All of Lot 1 Dubuque Industrial Center 13th Addition; and ■ Lot 2 Dubuque Industrial Center 13th Addition; and ■ Lot 1-2-2 Dubuque Industrial Center Fifth Addition; and ■ Lot 1 Dubuque Industrial Center Fifth Addition; and ■ Lot 1 Dubuque Industrial Center 11th Addition; and ■ Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and ■ Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and ■ Lot 1-3 Dubuque Industrial Center 12th Addition; and ■ Lot 1 of lot 3 of final plat of lot 1 of Dubuque Industrial Center First Addition; and ■ Lot 1 Dubuque Industrial Center 10th Addition; and ■ Lot 2-3 Dubuque Industrial Center 12th Addition; and ■ Lots 1 & 2 of final plat of lot 1 of Dubuque Industrial Center First Addition; and ■ Lot 1 Dubuque Industrial Center 12th Addition; and ■ Lot 2 Dubuque Industrial Center Ninth Addition; and ■ Lot 2 Dubuque Industrial Center 12th Addition; and ■ Lot 2-2 Dubuque Industrial Center Sixth Addition; and ■ Lot 3 Dubuque Industrial Center Ninth Addition; and ■ Lot 1 Dubuque Industrial Center Sixth Addition; and ■ Lot 2 of 2 Dubuque Industrial Center 7th Addition; and ■ Lot 2-1 Walter Addition; and ■ Lot 2-1 Walter Addition; and ■ And all adjoining public right-of-way, all in the City of Dubuque, Dubuque County, Iowa. Subarea B of the District consists of the real property legally described as follows: Page 784 of 848 ■ Lots 1, 3, 4, 1 of 5, 6 and H of Dubuque Industrial Center West as originally platted; and ■ Lots 1, 2, 3, 4, 5, 6, 7, 8, and C of Dubuque Industrial Center West 2nd Addition as originally platted; and ■ Lots 1, 2, 3, 4, B, and C of Dubuque Industrial Center West 4th Addition as originally platted; and ■ Lots 1 of 1, 1 of 2, 2 of 2, 1 of 3, 2 of 3, A, C, and D of Dubuque Industrial Center West 5th Addition as originally platted; and ■ Lot 1 and Lot A of Dubuque Industrial Center West 6th Addition as originally platted; and ■ Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addition as originally platted; and ■ Lot 2 of 1 of the Southwest Quarter of the Southwest Quarter and Lot 2 of 1 of the Southeast Quarter of the Southwest Quarter all in Section 30, Township 89 North, Range 2 East, 5th Principal Meridian as originally platted; and ■ and all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right-of- way lying in the SE 1/4 of Section 30, the SE 1/4 of the SW 1/4 of Section 30, the NW 1/4 of Section 31, and the NE 1/4 of Section 31 all in T89N, R2E, of the 5th P.M. Dubuque County, Iowa, the centerline of which is more particularly described as follows: beginning at a point of intersection with the easterly line of the SE 1/4 of Section 30, T89N, R2E, of the 5th P.M., thence southwesterly along the centerline of said railroad 2,700 feet, more or less a point of intersection with the westerly line of the SE 1/4 of said Section 30; thence southwesterly continuing along said centerline 845 feet, more or less, to a point where the railroad right-of-way widens to 200 feet, said point being the terminus of this description; and ■ all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right-of-way lying in the Balance of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter in Section 29, Township 89 North, Range 2 East, 5th Principal Meridian; and ■ any adjoining public street right-of-way all in the City of Dubuque, Dubuque County, Iowa. ■ Excepting therefrom Lot 1 of Lot 4 of Dubuque Industrial Center West 4th Addition in the City of Dubuque, Iowa, according to the recorded plat thereof Subarea C of the District consists of the real property legally described as follows: ■ Lot 1 of Dubuque Industrial Center North Second Addition; and ■ Lots 2 of Dubuque Industrial Center North First Addition; and ■ Lot 3 of Dubuque Industrial Center North First Addition, excepting the following part of said Lot 3: Page 785 of 848 ■ Part Lot 3 in the Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, Iowa, Except Lot 'A' of Lot 3 in Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, Iowa, described as follows: Commencing at the southeast corner of said Lot 3; thence N00°36'04"W, 364.16 feet along the east line of said Lot 3; thence S89024'16"W, 502.28 feet along the outside face of the south wall of the existing building to the point of beginning; thence S00035'44"E, ■ 37.00 feet; thence S89024'16"W, 210.00 feet; thence N0003544"W, 362.00 feet; thence N89°24'16"E, 255.00 feet to the northerly extension of the outside face of the west wall of the existing building; then S00°35'44"E, 357.00 feet along said face of the west wall of the southwest corner of the existing building; thence N89°24'16"E, 125.00 feet along the face of the south wall of the existing building to the point of beginning, containing 2.258 acres.; and ■ C of Dubuque Industrial Center North First Addition, excepting the following part of said Lot C: Commencing at the northwest corner of Lot 1 in Dubuque Industrial Center North Second Addition in the City of Dubuque, Iowa; Thence North 87 degrees 35 minutes 13 seconds East along the north line of said Lot 1, 65.47 feet to the Point of Beginning; Thence North 87 degrees 35 minutes 13 seconds East continuing along said north line of Lot 1, 467.29 feet; Thence South 82 degrees 04 minutes 06 seconds East continuing along said north line of Lot 1, 212.63 feet; Thence North 19 degrees 12 minutes 36 seconds East, 433.37 feet, to a point on the easterly line of Lot 2 in Dubuque Industrial Center North Third Addition in the City of Dubuque, Iowa; Thence North 90 degrees 00 minutes 00 seconds West, 231.12 feet; Thence North 60 degrees 11 minutes 47 seconds West, 280.07 feet; Thence North 51 degrees 38 minutes 25 seconds West, 318.12 feet; Thence South 57 degrees 28 minutes 14 seconds West, 86.87 feet; Thence South 18 degrees 59 minutes 51 seconds East, 140.84 feet; Thence South 51 degrees 57 minutes 52 seconds East, 101.08 feet; Thence South 01 degree 57 minutes 06 seconds East, 108.09 feet; Thence South 33 degrees 59 minutes 54 seconds East, 90.10 feet; Thence South 44 degrees 57 minutes 34 seconds East, 130.53 feet; Thence South 12 degrees 19 minutes 12 seconds West, 171.97 feet; Thence South 87 degrees 35 minutes 13 seconds West, 260.33 feet; Thence South 02 degrees 35 minutes 19 seconds East, 40.00 feet, to the Point of Beginning, said part of Lot C contains 6.59 acres, more or less. ■ Lot A of Dubuque Industrial Center North First Addition, excepting that Part of said Lot A originally platted as Lot 2 of the SW % of the NW % of Sec. 30, T89N, R2E of the 5th PM; and ■ Any adjoining public street right-of-way, all in the City of Dubuque, Dubuque County, Iowa. Page 786 of 848 Subarea D of the District consists of the real property legally described as follows: ■ Lots 1, 2, and B and all of the right of way of Chavenelle Court in Dubuque Industrial Center West 8th Addition in the City of Dubuque, Dubuque County, Iowa. Subarea E of the District consists of the real property legally described as follows: ■ All of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa, except Lot 2 of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa; and ■ All of Seippel Road right of way from the north boundary line of Lot 1 of 1 of South Fork Subdivision No. 1 in the City of Dubuque, to the south boundary lines of Lot H of Dubuque Industrial Center West and Lot 1 of Dubuque Industrial Center West 2nd Addition in the City of Dubuque, Dubuque County, Iowa, including crossings at the intersections of Old Highway Road and Chicago Central & Pacific Railroad rights -of -way. Subarea F of the District consists of the real property legally described as follows: ■ Lot one (1) of Graf Farm Subdivision 42, Dubuque County, Iowa, according to the recorded plat thereof; ■ Lot 1 of Lot 1 of Lot 1 of Lot 1 of West One-half of Northeast One -quarter, Section 25, Township 89 North , Range 1 East of the 5th Principal Meridian, in Center Township , Dubuque County, Iowa; ■ Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, Iowa, according to the plat thereof; and ■ The NW 1/4 of the SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th P.M., in Center Township, Dubuque County, Iowa. Subarea G of the District consists of the real property legally described as follows: ■ The South one-half of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. ■ Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. ■ Lot 2 of McFadden Farm Place #2, in the City of Dubuque, Iowa. ■ Lot 2 of McFadden Farm Place, in the City of Dubuque, Iowa. Page 787 of 848 ■ Lot A of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 51" Principal Meridian, in the City of Dubuque, Iowa. ■ Lot A of Lot 1 of 1 of the Northwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 51" Principal Meridian, in the City of Dubuque, Iowa. ■ All in the City of Dubuque, Dubuque County, Iowa. Subarea H of the District consists of the real property legally described as follows: ■ Lot 1 of the Northeast % of the Northeast %, and Lot 2 of Lot 1 of Lot 1 of Lot 2 of the Northeast % of the Northeast %, of Section 30, in Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Subarea I of the District consists of the real property legally described as follows: ■ Lot 2 Seippel Road Place #2, Dubuque County, Iowa. Lot 2-1-1 of the Southeast Quarter of the Southeast Quarter of Section 25, Township 89 North, Range 2 East of the 5t" Principal Meridian, Dubuque County, Iowa Subarea J of the District consists of the real property legally described as follows: ■ Lot 2 Julien Care Place, Dubuque County, Iowa. ■ Lot 3 Julien Care Place, Dubuque County, Iowa ■ Lot 2-1 Julien Care Place, Dubuque County, Iowa Subarea K of the District consists of the real property legally described as follows: ■ Lot 1 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, Iowa. Subarea L of the District shall include the following described properties: ■ Lot 1 of Loretta Bahl's Homestead, in the City of Dubuque, Iowa, comprised of Lot 1 of the West 30 Acres of the Southwest % of the Southeast %, Section 19, Township 89 North, Range 2 East of the 5th P.M. Page 788 of 848 Subarea M of the District shall include the following described properties: ■ Lot 2 of the Subdivision of Lot 2 of the Northeast % of the Northeast % of Section 30, Township 89 North, Range 2 East of the 5th P.M. Subarea N of the District shall include the following described properties: ■ Lot 1 of Dubuque Industrial Center North First Addition, in the City of Dubuque, Iowa; and ■ All of the street right of way of Innovation Drive adjacent to Lot 1 of Dubuque Industrial Center North First Addition, in the City of Dubuque, Iowa. Subarea O of the District shall include the following described properties: ■ Lot 2 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, Iowa; and ■ A Part of Lot C in Dubuque Industrial Center North First Addition in the City of Dubuque, Iowa, being more particularly described as follows: ■ Commencing at the northwest corner of Lot 1 in Dubuque Industrial Center North Second Addition in the City of Dubuque, Iowa; ■ Thence North 87 degrees 35 minutes 13 seconds East along the north line of said Lot 1, 65.47 feet to the Point of Beginning; ■ Thence North 87 degrees 35 minutes 13 seconds East continuing along said north line of Lot 1, 467.29 feet; ■ Thence South 82 degrees 04 minutes 06 seconds East continuing along said north line of Lot 1, 212.63 feet; ■ Thence North 19 degrees 12 minutes 36 seconds East, 433.37 feet, to a point on the easterly line of Lot 2 in Dubuque Industrial Center North Third Addition in the City of Dubuque, Iowa; ■ Thence North 90 degrees 00 minutes 00 seconds West, 231.12 feet; ■ Thence North 60 degrees 11 minutes 47 seconds West, 280.07 feet; ■ Thence North 51 degrees 38 minutes 25 seconds West, 318.12 feet; ■ Thence South 57 degrees 28 minutes 14 seconds West, 86.87 feet; Page 789 of 848 ■ Thence South 18 degrees 59 minutes 51 seconds East, 140.84 feet; ■ Thence South 51 degrees 57 minutes 52 seconds East, 101.08 feet; ■ Thence South 01 degree 57 minutes 06 seconds East, 108.09 feet; ■ Thence South 33 degrees 59 minutes 54 seconds East, 90.10 feet; ■ Thence South 44 degrees 57 minutes 34 seconds East, 130.53 feet; ■ Thence South 12 degrees 19 minutes 12 seconds West, 171.97 feet; ■ Thence South 87 degrees 35 minutes 13 seconds West, 260.33 feet; ■ Thence South 02 degrees 35 minutes 19 seconds East, 40.00 feet, to the Point of Beginning, said part of Lot C contains 6.59 acres, more or less. ■ All in the City of Dubuque, Iowa Subarea P of the District shall include the following described properties: ■ Lot 2 of Wertzberger Acres No. 3, in Table Mound Township, Dubuque County, Iowa, according to the recorded Plat thereof; and ■ The Southwest 1/4 of the Northeast 1/4, Lot 1 of the Northwest 1/4 of the Northeast 1/4, Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4, and Lot 2 of the Southeast 1/4 of the Northeast 1/4, in Section 14, Township 88 North, Range 2 East of the 5th P.M., in Dubuque County, Iowa, according to United States Government Survey and the recorded Plats thereof, excepting therefrom that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 1 of the Northwest 1/4 of the Northeast 1/4 and of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 11.95 acres and as shown and described in the Warranty Deed filed as Instrument Number 2010- 00003964 in the Dubuque County Recorder's Office, and excepting therefrom that land acquired for highway right of way by the Iowa Department of Transportation known as Lot B of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 0.62 acres and as shown and described in the Warranty Deed filed as Instrument Number 2011-00011776 in the Dubuque County Recorder's Office; and ■ All that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 1 of the Northwest 1/4 of the Northeast 1/4 and of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 11.95 acres and as shown and Page 790 of 848 described in the warranty deed filed as instrument number 2010-00003964 in the Dubuque County Recorder's Office, and ■ All that land acquired for highway right of way by the Iowa Department of Transportation known as Lot B of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 0.62 acres and as shown and described in the warranty deed filed as instrument number 2011-00011776 in the Dubuque County Recorder's Office; and ■ All that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 2 of the Southwest 1/4 of the Northwest 1/4, all in Section 13, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 7.50 acres and as shown and described in the warranty deed filed as instrument number 2010-00007163 in the Dubuque County Recorder's Office; and ■ A part of that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 2 of 3 of Archdiocese Place No. 2 at Key West in Section 11, Township 88 North, Range 2 East of the 5t" P.M., County of Dubuque and of Lot 2 of the Northwest 1/4 of the Northeast 1/4 and of Lot 2 of 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 1 of the Southeast Quarter of the Northeast Quarter, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 51.12 acres and as shown and described in the warranty deed filed as instrument number 2011-00018392 in the Dubuque County Recorder's Office, more particularly described as follows: ■ Commencing at the east 1/4 corner of said section 14; thence south 87' (degrees) 30' (minutes) 08" (seconds) west (assumed bearing for the purpose of this description) on the south line of the northeast 1/4 of said section 14, a distance of 316.67 feet to the southeast corner of said lot 1 of the southeast 1/4 of the northeast 1/4 which is on the present northwesterly right-of-way line of u.s. highway 61, being the point of beginning of the area herein described; thence continuing south 87°30'08" west on said south line, also being the south line of said lot 1 of the southeast 1/4 of the northeast 1/4, a distance of 744.37 feet to the west line of said lot 1 of the southeast 1/4 of the northeast 1/4; thence north 01°46'59" west on said west line, 365.46 feet; thence north 02°36'29" west on said west line, 258.32 feet to the northwesterly line of said lot 1 of the southeast 1/4 of the northeast 1/4; thence north 15°33'01" east on said northwesterly line, 189.90 feet; thence north 20°16'31" east on said northwesterly line, 100.25 feet; thence north 31°16'30" east on said northwesterly line, 371.74 feet; thence north 51°35'55" east on said northwesterly line, 46.89 feet; thence north 26°34'03" east Page 791 of 848 on said northwesterly line, 112.65 feet to the northwest corner of said lot 1 of the southeast 1/4 of the northeast 1/4, also being the southwest corner of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4; thence north 35°25'51" east on the westerly and southwesterly line of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, a distance of 200.90 feet; thence north 01011'53" west on said westerly and southwesterly line, 284.09 feet; thence north 51036'20" west on said westerly and southwesterly line, 173.35 feet; thence south 73041'30" east a distance of 115.82 feet; thence south 48°36'34" east on the northeasterly line of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, 759.07 feet to the southeast corner of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, also being the northeast corner of said lot 1 of the southeast 1/4 of the northeast 1/4; thence south 02041'19" east on the easterly line of said lot 1 of the southeast 1/4 of the northeast 1/4, a distance of 954.91 feet to the present northwesterly right-of-way line of u.s. highway 61; thence south 38°00'39" west on said northwesterly right-of-way line, 485.62 feet to the point of beginning, containing 31.49 acres, more or less; and ■ An 80-foot-wide strip of land in the Southeast Half of Section 31, Township 89 North, Range 2 East, The Southwest Quarter of Section 32, Township 89 North, Range 2 East, the North Half of Section 5, Township 88 North, Range 2 East, the Northwest, Northeast, and Southeast Quarters of Section 4, Township 88 North, Range 2 East, the South Half of Section 3, Township 88 North, Range 2 East, the Southwest Quarter of Section 2, Township 88 North, Range 2 East, the Northwest, Northeast, and Southeast Quarters of Section 11, Township 88 North, Range 2 East, and the Northeast Quarter of Section 14, Township 88 North, Range 2 East, of the Fifth Principal Meridian, centered on the following described line: ■ Commencing at the Southeast Corner of Lot B, Dubuque Industrial Center South First Addition, in the City of Dubuque, Dubuque County, Iowa (Record Doc. #2014-1397), at the Northerly Right -of -Way of Seippel Road; thence South 35044'18" East (Record North 35°52'10" West) along the East Line of said First Addition, 11.13 feet; thence South 10°51'45" East, 40.00 feet to the centerline of Seippel Road, the Point of Beginning; thence North 79°08'15" East along said centerline, 1004.09 feet; thence Easterly along the centerline of U. S. Highway 52 and the extension thereof an arc length of 880.50 feet along a 1,200.00 foot radius curve being concave southerly, having a long chord of South 79°50'32" East, 860.88 feet; thence South 58°49'18" East along said centerline of U. S. Highway 52, 2,489.33 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 3,363.36 feet along a 12,000.00 foot radius curve being concave Northeasterly, having a long chord of South 66"51'04" East, 3,352.36 feet; Page 792 of 848 thence South 74052'50" East along said centerline of U. S. Highway 52, 1318.07 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,569.39 feet along a 12,000.00 foot radius curve being concave Southwesterly, having a long chord of South 71008'02" East, 1,568.27 feet; thence South 67023'15" East along said centerline of U. S. Highway 52, 1093.39 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,414.18 feet along a 23,000.00 foot radius curve being concave Southwesterly, having a long chord of South 65037'33" East, 1,413.95 feet; thence South 63051'52" East along said centerline of U. S. Highway 52, 947.44 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,134.73 feet along a 8,000.00 foot radius curve being concave Northeasterly, having a long chord of South 67055'41" East, 1,133.78 feet; thence South 71059'29" East along said centerline of U. S. Highway 52, 3,507.89 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 7,787.63 feet along a 7,500.00 foot radius curve being concave Southwesterly, having a long chord of South 42014'42" East, 7,442.46 feet; thence South 12°29'54" East along said centerline of U. S. Highway 52, 750.54 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 449.54 feet along a 4,000.00foot radius curve being concave Northeasterly, having a long chord of South 15043'05" East, 449.31 feet, to the End Point, the sidelines of said 80-foot-wide strip of land are to be shortened or lengthened to the intersection of the easterly line of Dubuque Industrial Center South First Addition, in the City of Dubuque, Dubuque County, Iowa as recorded in Doc. #2014-1397 and the intersection of the northerly line of Lot 1 and Lot 1 of 1 as recorded in Doc. #2010-3964. Subarea Q of the District shall include the following described properties: ■ Lot 1-5 of Dubuque Industrial Center West 51" Addition in the City of Dubuque, Iowa ■ All in the City of Dubuque, Iowa Subarea R of the District shall include the following described properties: ■ Part Lot 3 in the Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, Iowa, Except Lot 'A' of Lot 3 in Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, Iowa, described as follows: Commencing at the southeast corner of said Lot 3; thence N00°36'04"W, 364.16 feet along the east line of said Lot 3; thence S89°24'16"W, 502.28 feet along the outside face of the south wall of the existing building to the point of beginning; thence S00°35'44"E, ■ 37.00 feet; thence S89°24'16"W, 170.00 feet; thence N00°35'44"W, 32.00 feet; thence S89°24'16"W, 210.00 feet; thence N00°35'44"W, 362.00 feet; thence N89°24'16"E, Page 793 of 848 255.00 feet to the northerly extension of the outside face of the west wall of the existing building; then S00'35'44"E, 357.00 feet along said face of the west wall of the southwest corner of the existing building; thence N89°24'16"E, 125.00 feet along the face of the south wall of the existing building to the point of beginning, containing 2.258 acres. Subarea S of the District shall include the following described properties: ■ Lot 2 of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa Subarea T of the District shall include the following described properties: ■ The East 10 Acres of the Southwest Quarter of the Southeast Quarter of Section 19, T89N, R2E, of the 5th P.M., Dubuque County, Iowa Subarea U of the District consists of the real property legally described as follows: ■ All of Lot 1 of Airborne Place, in the City of Dubuque, Iowa; and ■ All of the Airborne Road right of way adjacent to Lot 1 of Airborne Place, in the City of Dubuque, Iowa, being the same area described as Acquisition Parcel 154, in Part of Lot 2-2 of South Fork Industrial Subdivision No. 1, Per Instrument Number 2018-10004 in the office of the Dubuque County Recorder Subarea V of the District consists of the real property legally described as follows: ■ All that part of Lot 1 of Dubuque Industrial Center South Fourth Addition in the City of Dubuque Iowa lying west of the west line of the Southwest Quarter of Section 31, Township 89 North, Range 2 East of the 5th P.M., Subarea W of the District consists of the real property legally described as follows: • Lot 1 of Lot 4 of Dubuque Industrial Center West 4t" Addition in the City of Dubuque, Iowa, according to the recorded plat thereof All in the City of Dubuque, Iowa. Page 794 of 848 Prepared by Jill Connors, Economic Development 1300 Main St., Dubuque IA 52001 (563) 589-4393 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 1311 St., Dubuque, IA 52001, (563) 589-4100 ORDINANCE NO. 8-25 AN ORDINANCE CORRECTING AND AMENDING ORDINANCE NO. 5-24, PREVIOUSLY AMENDED, PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE AMENDED AND RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL AREA OF THE CITY OF DUBUQUE, COUNTY OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE COMMUNITY SCHOOL DISTRICT, AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH THE AMENDED AND RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL REDEVELOPMENT PROJECT BY ADDING SUBAREA T TO THE DIVISION OF REVENUES WHEREAS, the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District (the "District") described in Resolution No. 130-88 was adopted on May 2, 1988 and was thereafter amended and restated by Resolution No. 484-90 on December 17, 1990, Resolution No. 142-97 on April 7, 1997, Resolution No. 478-97 on November 17, 1997, Resolution No. 15-08 on January 7, 2008, Resolution No. 101-08 on March 17, 2008, Resolution No. 109-08 on April 7, 2008, Resolution No. 87-11 on March 7, 2011, Resolution No. 171-13 on June 3, 2013, Resolution No. 197-15 on June 1, 2015, Resolution No. 309-15 on September 8, 2015, Resolution No. 132-16 on September 19, 2016, Resolution No. 157-18 and Resolution No. 158-18 on May 21, 2018, Resolution 380-18 on December 17, 2018, Resolution 125-21 and Resolution 126-21 on April 19, 2021, Resolution 323-21 and Resolution 324-21 on September 20, 2021, Resolution 387-21 on November 1, 2021, Resolution 197-22 on May 16, 2022, by Resolution 289-22 on September 6, 2022, by Resolution No. 290-22 on September 6, 2022, by Resolution 73-23 on March 20, 2023, by Resolution 74-23 on March 20, 2023, by Resolution 180-23 on June 5, 2023, by Resolution 180-23-A on July 17, 2023, by Resolution 40-24 on February 19, 2024, by Resolution 103-25 on March 17, 2025, and by Resolution 104-25 on March 17, 2025 (as amended and restated, the "Urban Renewal Plan" or "Amended and Restated Urban Renewal Plan"); and WHEREAS, the City Council of the City of Dubuque, Iowa originally provided for the division of taxes pursuant to Section 403.19 of the Code of Iowa within the District in Ordinance No. 26-88 passed and approved on May 2, 1988 and thereafter amended and restated by Ordinance No. 63-88 on December 5, 1988, by Ordinance No. 66-97 on November 17, 1997, by Ordinance No. 70-08 on October 20, 2008, by Ordinance No. 10- 14 on February 3, 2014, by Ordinance No. 39-15 on June 1, 2015, by Ordinance No. 55- 15 on September 8, 2015, by Ordinance No. 49-16 on September 19, 2016, Ordinance 18-18 on May 21, 2018, by Ordinance 45-18 on December 17, 2018, by Ordinance 15- 21 and Ordinance 16-21 on April 19, 2021, by Ordinance 22-21 on June 7, 2021, by Ordinance 31-21 and Ordinance 32-21 on September 20, 2021, by Ordinance 37-21 on November 1, 2022, by Ordinance 21-22 on May 16, 2022, by Ordinance 28-22 on September 6, 2022, by Ordinance 28-22A on November 7, 2022, by Ordinance 10-23 on March 20, 2023, by Ordinance 30-23 on June 5, 2023, by Ordinance 32-23-A on July 17, 2023, by Ordinance 4-24 on February 19, 2024, by Ordinance 5-24 on February 19, 2024, and by Ordinance 8-25 on March 17, 2025; and WHEREAS, indebtedness has been incurred by the City, and additional indebtedness is anticipated to be incurred in the future, to finance urban renewal project activities within the District, and the continuing needs of redevelopment within the District are such as to require the continued application of the incremental tax resources of the District; and WHEREAS, the following enactment is necessary to accomplish the objectives described in the premises. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA, THAT: Section 1. Ordinance 5-24 Section 1 is amended to read as follows: Section 1: For purposes of this Ordinance, the following terms shall have the following meanings: (a) Original Project Area means that portion of the City of Dubuque, Iowa described in the Urban Renewal Plan for the District approved by Resolution No. 130-88 on May 2, 1988, and subsequently amended by Resolution No. 484-90 on December 17, 1990, which Original Project Area includes the lots and parcels located within the area now legally described as follows: All of Dubuque Industrial Center Eighth Addition; and All of Lot 1 Dubuque Industrial Center 13th Addition; and Lot 2 Dubuque Industrial Center 13th Addition; and Lot 1-2-2 Dubuque Industrial Center Fifth Addition; and 2 Lot 1 Dubuque Industrial Center Fifth Addition; and Lot 1 Dubuque Industrial Center 11th Addition; and Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and Lot 1-3 Dubuque Industrial Center 12th Addition; and Lot 1 of lot 3 of final plat of lot 1 of Dubuque Industrial Center First Addition; and Lot 1 Dubuque Industrial Center 10th Addition; and Lot 2-3 Dubuque Industrial Center 12th Addition; and Lots 1 & 2 of final plat of lot 1 of Dubuque Industrial Center First Addition; and Lot 1 Dubuque Industrial Center 12th Addition; and Lot 2 Dubuque Industrial Center Ninth Addition; and Lot 2 Dubuque Industrial Center 12th Addition; and Lot 2-2 Dubuque Industrial Center Sixth Addition; and Lot 3 Dubuque Industrial Center Ninth Addition; and Lot 1 Dubuque Industrial Center Sixth Addition; and Lot 2 of 2 Dubuque Industrial Center 7th Addition; and Lot 2-1 Walter Addition; and Lot 2-1 Walter Addition; and And all adjoining public right-of-way, all in the City of Dubuque, Dubuque County, Iowa. The Original Project Area is referred to as "Subarea A" in the Urban Renewal Plan hereinafter described. (b) Subarea B has been removed from the division of revenues by Ordinance 22-21 on June 7, 2021. (c) Subarea C means that portion of the City of Dubuque, Iowa described as Subarea C in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 289-22 on September 6, 2022, which Subarea C includes the lots and parcels located within the area legally described as follows: Lots 1 and 2 of Dubuque Industrial Center North Second Addition; Lots 2, 3, C and A of Dubuque Industrial Center North First Addition, excepting that Part of said Lot A originally platted as Lot 2 of the SW '/4 of the NW'/ of Sec. 30, T89N, R2E of the 5th PM; and any adjoining public street right-of-way, all in the City of Dubuque, Dubuque County, Iowa, EXCEPT those lots and parcels included in Subarea K, those lots and parcels included in Subarea O, and those lots and parcels included in Subarea R. 3 (d) Subarea D means that portion of the City of Dubuque, Iowa described as Subarea D in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 109-08 on April 7, 2008, which Subarea D includes the lots and parcels located within the area legally described as follows: Lots 1, 2, arid B and all of the right of way of Chavenelle Court in Dubuque Industrial Center West 8th Addition in the City of Dubuque, Dubuque County, Iowa. (e) Subarea E means that portion of the City of Dubuque, Iowa described as Subarea E in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 73-23 on March 20, 2023, which Subarea E includes the lots and parcels located within the area legally described as follows: All of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa, except Lot 2 of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa; and All of Seippel Road right of way from the north boundary line of Lot 1 of 1 of South Fork Subdivision No. 1 in the City of Dubuque, to the south boundary lines of Lot H of Dubuque Industrial Center West and Lot 1 of Dubuque Industrial Center West 2nd Addition in the City of Dubuque, Dubuque County, Iowa, including crossings at the intersections of Old Highway Road and Chicago Central & Pacific Railroad rights -of -way. (f) Subarea F means that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea F in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 197-15 on June 1, 2015, which Subarea F includes the lots and parcels located within the area legally described as follows: Lot one (1) of Graf Farm Subdivision #2, Dubuque County, Iowa, according to the recorded plat thereof; Lot 1 of Lot 1 of Lot 1 of Lot 1 of West One-half of Northeast One -quarter, Section 25, Township 89 North, Range 1 East of the 5th Principal Meridian, in Center Township, Dubuque County, Iowa; Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, Iowa, according to the plat thereof; and The NW 1/4 of the SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th P.M., in Center Township, Dubuque County, Iowa. (g) Subarea G means that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea G in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 309-15 on September 8, 2015, which Subarea G includes the lots and parcels located within the area legally described as follows: 0 The South one-half of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Lot 2 of McFadden Farm Place #2, in the City of Dubuque, Iowa. Lot 2 of McFadden Farm Place, in the City of Dubuque, Iowa. Lot A of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Lot A of Lot 1 of 1 of the Northwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. All in the City of Dubuque, Dubuque County, Iowa. (h) Subarea H means that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea H in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 332-16 on September 19, 2016, which Subarea H includes the lots and parcels located within the area legally described as follows: Lot 1 of the Northeast'/ of the Northeast'/, and Lot 2 of Lot 1 of Lot 1 of Lot 2 of the Northeast'/ of the Northeast'/, of Section 30, in Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. (i) Subarea I means that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea I in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 332-16 on September 19, 2016, which Subarea I includes the lots and parcels located within the area legally described as follows: Lot 2 Seippel Road Place #2, Dubuque County, Iowa. Lot 2-1-1 of the Southeast Quarter of the Southeast Quarter of Section 25, Township 89 North, Range 2 East of the 5th Principal Meridian, Dubuque County, Iowa 0) Subarea J means that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea J in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 332-16 on September 19, 2016, which Subarea J includes the lots and parcels located within the area legally described as follows: Lot 2 Julien Care Place, Dubuque County, Iowa. '67 Lot 3 Julien Care Place, Dubuque County, Iowa Lot 2-1 Julien Care Place, Dubuque County, Iowa (k) Subarea K means that portion of the City of Dubuque, Iowa, removed from Subarea C of the District by Version 2018.1 of the Amended and Restated Plan for the District approved by Resolution No. 157-18, and added to the District by Version 2018.2 of the Amended and Restated Plan for the District approved by Resolution No. 158-18 as Subarea K, all on May 21, 2018, which Subarea K includes the lots and parcels located within the area legally described as follows: Lot 1 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, Iowa. (1) Subarea L means that portion of the City of Dubuque, Iowa described as Subarea L in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 380-18 on December 17, 2018, which Subarea L includes the lots and parcels located within the area legally described as follows: Lot 1 of Loretta Bahl's Homestead, in the City of Dubuque, Iowa, comprised of Lot 1 of the West 30 Acres of the Southwest '/4 of the Southeast '/4, Section 19, Township 89 North, Range 2 East of the 5th P.M. all in the City of Dubuque, Dubuque County, Iowa. (m) Subarea M means that portion of the City of Dubuque, Iowa described as Subarea M in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 380-18 on December 17, 2018, which Subarea M includes the lots and parcels located within the area legally described as follows: Lot 2 of the Subdivision of Lot 2 of the Northeast'/ of the Northeast'/4 of Section 30, Township 89 North, Range 2 East of the 5th P.M. all in the City of Dubuque, Dubuque County, Iowa. (n) Subarea N means that portion of the City of Dubuque, Iowa described as Subarea N in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 126-21 on April 19, 2021, which Subarea N includes the lots and parcels located within the area legally described as follows: Lot 1 of Dubuque Industrial Center North First Addition, in the City of Dubuque, Iowa; and All of the street right of way of Innovation Drive adjacent to Lot 1 of Dubuque Industrial Center North First Addition, in the City of Dubuque, Iowa. All in the City of Dubuque, Iowa (o) Subarea O means that portion of the City of Dubuque, Iowa removed from Subarea C and now described as Subarea O in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 324-21 on September L 20, 2021, which Subarea O includes the lots and parcels located within the area legally described as follows: Lot 2 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, Iowa; and A Part of Lot C in Dubuque Industrial Center North First Addition in the City of Dubuque, Iowa, being more particularly described as follows: Commencing at the northwest corner of Lot 1 in Dubuque Industrial Center North Second Addition in the City of Dubuque, Iowa; Thence North 87 degrees 35 minutes 13 seconds East along the north line of said Lot 1, 65.47 feet to the Point of Beginning; Thence North 87 degrees 35 minutes 13 seconds East continuing along said north line of Lot 1, 467.29 feet; Thence South 82 degrees 04 minutes 06 seconds East continuing along said north line of Lot 1, 212.63 feet; Thence North 19 degrees 12 minutes 36 seconds East, 433.37 feet, to a point on the easterly line of Lot 2 in Dubuque Industrial Center North Third Addition in the City of Dubuque, Iowa; Thence North 90 degrees 00 minutes 00 seconds West, 231.12 feet; Thence North 60 degrees 11 minutes 47 seconds West, 280.07 feet; Thence North 51 degrees 38 minutes 25 seconds West, 318.12 feet; Thence South 57 degrees 28 minutes 14 seconds West, 86.87 feet; Thence South 18 degrees 59 minutes 51 seconds East, 140.84 feet; Thence South 51 degrees 57 minutes 52 seconds East, 101.08 feet; Thence South 01 degree 57 minutes 06 seconds East, 108.09 feet; Thence South 33 degrees 59 minutes 54 seconds East, 90.10 feet; Thence South 44 degrees 57 minutes 34 seconds East, 130.53 feet; Thence South 12 degrees 19 minutes 12 seconds West, 171.97 feet; Thence South 87 degrees 35 minutes 13 seconds West, 260.33 feet; Thence South 02 degrees 35 minutes 19 seconds East, 40.00 feet, to the Point of Beginning, said part of Lot C contains 6.59 acres, more or less. All in the City of Dubuque, Iowa (p) Subarea P means that portion of Dubuque County and the City of Dubuque, Iowa described as Subarea P in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 387-21 on November 1, 2021, which Subarea P includes the lots and parcels located within the area legally described as follows: Lot 2 of Wertzberger Acres No. 3, in Table Mound Township, Dubuque County, Iowa, according to the recorded Plat thereof; and The Southwest 1/4 of the Northeast 1/4, Lot 1 of the Northwest 1/4 of the Northeast 1/4, Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4, and Lot 2 of the Southeast 1/4 of the Northeast 1/4, in Section 14, Township 88 North, Range rl 2 East of the 5th P.M., in Dubuque County, Iowa, according to United States Government Survey and the recorded Plats thereof, excepting therefrom that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 1 of the Northwest 1/4 of the Northeast 1/4 and of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 11.95 acres and as shown and described in the Warranty Deed filed as Instrument Number 2010-00003964 in the Dubuque County Recorder's Office, and excepting therefrom that land acquired for highway right of way by the Iowa Department of Transportation known as Lot B of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 0.62 acres and as shown and described in the Warranty Deed filed as Instrument Number 2011- 00011776 in the Dubuque County Recorder's Office; and All that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 1 of the Northwest 1/4 of the Northeast 1/4 and of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 11.95 acres and as shown and described in the warranty deed filed as instrument number 2010-00003964 in the Dubuque County Recorder's Office, and All that land acquired for highway right of way by the Iowa Department of Transportation known as Lot B of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 0.62 acres and as shown and described in the warranty deed filed as instrument number 2011-00011776 in the Dubuque County Recorder's Office; and All that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 2 of the Southwest 1/4 of the Northwest 1/4, all in Section 13, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 7.50 acres and as shown and described in the warranty deed filed as instrument number 2010-00007163 in the Dubuque County Recorder's Office; and A part of that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 2 of 3 of Archdiocese Place No. 2 at Key West in Section 11, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque and of Lot 2 of the Northwest 1/4 of the Northeast 1/4 and of Lot 2 of 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 1 of the Southeast Quarter of the Northeast Quarter, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 51.12 acres and as shown .01 and described in the warranty deed filed as instrument number 2011-00018392 in the Dubuque County Recorder's Office, more particularly described as follows: Commencing at the east 1/4 corner of said section 14; thence south 870 (degrees) 30' (minutes) 08" (seconds) west (assumed bearing for the purpose of this description) on the south line of the northeast 1/4 of said section 14, a distance of 316.67 feet to the southeast corner of said lot 1 of the southeast 1/4 of the northeast 1/4 which is on the present northwesterly right-of-way line of U.S. highway 61, being the point of beginning of the area herein described; thence continuing south 87030'08" west on said south line, also being the south line of said lot 1 of the southeast 1/4 of the northeast 1/4, a distance of 744.37 feet to the west line of said lot 1 of the southeast 1/4 of the northeast 1/4; thence north 01 046'59" west on said west line, 365.46 feet; thence north 02036'29" west on said west line, 258.32 feet to the northwesterly line of said lot 1 of the southeast 1/4 of the northeast 1/4; thence north 15033'01" east on said northwesterly line, 189.90 feet; thence north 20016'31" east on said northwesterly line, 100.25 feet; thence north 31 °16'30" east on said northwesterly line, 371.74 feet; thence north 51 °35'55" east on said northwesterly line, 46.89 feet; thence north 26034'03" east on said northwesterly line, 112.65 feet to the northwest corner of said lot 1 of the southeast 1/4 of the northeast 1/4, also being the southwest corner of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4; thence north 35025'51 " east on the westerly and southwesterly line of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, a distance of 200.90 feet; thence north 01011'53" west on said westerly and southwesterly line, 284.09 feet; thence north 51 °36'20" west on said westerly and southwesterly line, 173.35 feet; thence south 73041'30" east a distance of 115.82 feet; thence south 48036'34" east on the northeasterly line of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, 759.07 feet to the southeast corner of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, also being the northeast corner of said lot 1 of the southeast 1/4 of the northeast 1/4; thence south 02041'19" east on the easterly line of said lot 1 of the southeast 1/4 of the northeast 1/4, a distance of 954.91 feet to the present northwesterly right-of-way line of U.S. highway 61; thence south 38000'39" west on said northwesterly right-of-way line, 485.62 feet to the point of beginning, containing 31.49 acres, more or less; and An 80-foot-wide strip of land in the Southeast Half of Section 31, Township 89 North, Range 2 East, The Southwest Quarter of Section 32, Township 89 North, Range 2 East, the North Half of Section 5, Township 88 North, Range 2 East, the Northwest, Northeast, and Southeast Quarters of Section 4, Township 88 North, Range 2 East, the South Half of Section 3, Township 88 North, Range 2 East, the Southwest Quarter of Section 2, Township 88 North, Range 2 East, the Northwest, Northeast, and Southeast Quarters of Section 11, Township 88 North, Range 2 East, and the Northeast Quarter of Section 14, Township 88 North, Range 2 East, of the Fifth Principal Meridian, centered on the following described line: Commencing at the Southeast Corner of Lot B, Dubuque Industrial Center South First Addition, in the City of Dubuque, Dubuque County, Iowa (Record Doc. 9 #2014-1397), at the Northerly Right -of -Way of Seippel Road; thence South 35044'18" East (Record North 35052'10" West) along the East Line of said First Addition, 11.13 feet; thence South 10051'45" East, 40.00 feet to the centerline of Seippel Road, the Point of Beginning; thence North 79008'15" East along said centerline, 1004.09 feet; thence Easterly along the centerline of U. S. Highway 52 and the extension thereof an arc length of 880.50 feet along a 1,200.00 foot radius curve being concave southerly, having a long chord of South 79050'32" East, 860.88 feet; thence South 58049'18" East along said centerline of U. S. Highway 52, 2,489.33 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 3,363.36 feet along a 12,000.00 foot radius curve being concave Northeasterly, having a long chord of South 66051'04" East, 3,352.36 feet; thence South 74052'50" East along said centerline of U. S. Highway 52, 1318.07 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,569.39 feet along a 12,000.00 foot radius curve being concave Southwesterly, having a long chord of South 71 °08'02" East, 1,568.27 feet; thence South 67023'15" East along said centerline of U. S. Highway 52, 1093.39 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,414.18 feet along a 23,000.00 foot radius curve being concave Southwesterly, having a long chord of South 65037'33" East, 1,413.95 feet; thence South 63051'52" East along said centerline of U. S. Highway 52, 947.44 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,134.73 feet along a 8,000.00 foot radius curve being concave Northeasterly, having a long chord of South 67055'41" East, 1,133.78 feet; thence South 71059'29" East along said centerline of U. S. Highway 52, 3,507.89 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 7,787.63 feet along a 7,500.00 foot radius curve being concave Southwesterly, having a long chord of South 42°14'42" East, 7,442.46 feet; thence South 12029'54" East along said centerline of U. S. Highway 52, 750.54 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 449.54 feet along a 4,000.00foot radius curve being concave Northeasterly, having a long chord of South 15043'05" East, 449.31 feet, to the End Point, the sidelines of said 80-foot-wide strip of land are to be shortened or lengthened to the intersection of the easterly line of Dubuque Industrial Center South First Addition, in the City of Dubuque, Dubuque County, Iowa as recorded in Doc. #2014-1397 and the intersection of the northerly line of Lot 1 and Lot 1 of 1 as recorded in Doc. #2010-3964. (q) Subarea Q means that portion of the City of Dubuque, Iowa described as Subarea Q in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 197-22 on May 16, 2022, which Subarea Q includes the lots and parcels located within the area legally described as follows: Lot 1-5 of Dubuque Industrial Center West 5th Addition in the City of Dubuque, Iowa All in the City of Dubuque, Iowa 10 (r) Subarea R means that portion of the City of Dubuque, Iowa described as Subarea R in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 290-22A on November 7, 2022, which Subarea R includes the lots and parcels located within the area legally described as follows: Part of Lot 3 in the Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, Iowa, Except Lot 'A' of Lot 3 in Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, Iowa, described as follows: Commencing at the southeast corner of said Lot 3; thence N00°36'04"W, 364.16 feet along the east line of said Lot 3; thence S89°24'16"W, 502.28 feet along the outside face of the south wall of the existing building to the point of beginning; thence S00035'44"E, 37.00 feet; thence S89°24'16"W, 170.00 feet; thence N00°35'44"W, 32.00 feet; thence S89°24'16"W, 210.00 feet; thence N00035'44"W, 362.00 feet; thence N89°24'16"E, 255.00 feet to the northerly extension of the outside face of the west wall of the existing building; then S00°35'44"E, 357.00 feet along said face of the west wall of the southwest corner of the existing building; thence N89024'16"E, 125.00 feet along the face of the south wall of the existing building to the point of beginning, containing 2.258 acres All in the City of Dubuque, Iowa. (s) Subarea S means that portion of the City of Dubuque, Iowa described as Subarea S in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 74-23 on March 20, 2023, which Subarea S includes the lots and parcels located within the area legally described as follows: Lot 2 of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa All in the City of Dubuque, Iowa. (t) Subarea T means that portion of the City of Dubuque, Iowa described as Subarea T in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 180-23 on June 5, 2023, which Subarea T includes the lots and parcels located within the area legally described as follows: The East 10 Acres of the Southwest Quarter of the Southeast Quarter of Section 19, T89N, R2E, of the 5th P.M., Dubuque County, Iowa All in the City of Dubuque, Iowa. (u) Subarea U means that portion of the City of Dubuque, Iowa described as Subarea U in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 40-24 on February 19, 2024, which Subarea U includes the lots and parcels located within the area legally described as follows: 11 All of Lot 1 of Airborne Place, in the City of Dubuque, Iowa; and All of the Airborne Road right of way adjacent to Lot 1 of Airborne Place, in the City of Dubuque, Iowa, being the same area described as Acquisition Parcel 154, in Part of Lot 2-2 of South Fork Industrial Subdivision No. 1, Per Instrument Number 2018-10004 in the office of the Dubuque County Recorder All in the City of Dubuque, Iowa. (v) Subarea V means that portion of the City of Dubuque, Iowa described as Subarea V in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 5-24 on February 19, 2024, which Subarea V includes the lots and parcels located within the area legally described as follows: All that part of Lot 1 of Dubuque Industrial Center South Fourth Addition in the City of Dubuque Iowa lying west of the west line of the Southwest Quarter of Section 31, Township 89 North, Range 2 East of the 5th P.M., All in the City of Dubuque, Iowa. (w) Subarea W means that portion of the City of Dubuque, Iowa described as Subarea W in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 104-25 on March 17, 2025, which Subarea W includes the lots and parcels located within the area legally described as follows: Lot 1 of Lot 4 of Dubuque Industrial Center West 4th Addition in the City of Dubuque, Iowa, according to the recorded plat thereof All in the City of Dubuque, Iowa. (x) Amended Project Area means that portion of the City of Dubuque, Iowa and Dubuque County included within the Original Project Area, Subarea C, Subarea D, Subarea E, Subarea F, Subarea G, Subarea H, Subarea I, Subarea J, Subarea K, Subarea L, Subarea M, Subarea N, Subarea O, Subarea P, Subarea Q, Subarea R, Subarea S, Subarea T, Subarea U, Subarea V, and Subarea W each as described in this Section. Section 2. Section 3 is amended to read as follows: Section 3: As to the Original Project Area, that portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts taxing property in the Original Project Area upon the total sum of the assessed value of the taxable property in the Original Project Area as shown on the assessment roll as of January 1, 1987, being the first day of the calendar year preceding the effective date of Ordinance No. 26-88, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for said taxing district into which all 12 other property taxes are paid. The taxes so determined shall be referred herein as the "base period taxes" for such Subarea. As to Subarea B, Subarea B has been removed from the division of revenues by Ordinance 22-21. Subarea B will remain within the District. As to Subarea C (except the lots and parcels now forming Subarea K and those lots and parcels removed by Amended and Restated Urban Renewal Plan Version 2021.4 now forming Subarea O, and those lots and parcels removed by Ordinance 27-22, now forming Subarea R), base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2007, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 70-08, and base values shall be reduced due to the removal of area from Subarea C. As to Subarea D, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2007, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 70-08. As to Subarea E, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2013, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No.10-14. As to Subarea F, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2014, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 39-15. As to Subarea G, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2014, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 55-15. As to Subarea H, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 49-16. As to Subarea I, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 49-16. 13 As to Subarea J, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 49-16. As to Subarea K, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2017, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 18-18. As to Subarea L, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2017, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 45-18. As to Subarea M, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2017, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 45-18. As to Subarea N, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2020, being the assessment roll applicable to property in such subarea as of January 1 of preceding the effective date of Ordinance No. 16-21. As to Subarea O, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2020, being the assessment roll applicable to property in such subarea as of January 1 of preceding the effective date of Ordinance 32-21. As to Subarea P, Subarea P has been removed from the division of revenues by Ordinance 21-22. Subarea P will remain within the District. As to Subarea Q, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2021, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 21-22. As to Subarea R, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2021, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 28-22-A. As to Subarea S, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2022, being the `C! assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 10-23. As to Subarea T, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2022, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 30-23-A. As to Subarea U, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2023, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 4-24. As to Subarea V, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2023, being the assessment toll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 5-24. As to Subarea W, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2024, being the assessment toll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of this Ordinance No. 8-25. Section 3: This Ordinance shall be in effect after its final passage, approval and publication as provided by law. PASSED AND APPROVED this 17t" day of March, 2025 d M. Cavana Mayor ATTEST: Adrienne N. Breitfeld`br City Clerk Read first time: 3�1 an9,5 PASSED AND APPROVED: J ' PUBLISHED: 15 Doc ID: 011335390016 Type: GEN Kind: ORDINANCE Recorded: 03/21/2025 at 02:42:42 PM Fee Amt: $82.00 Paqe 1 of 16 Dubuque County Iowa Karol Kennedy Recorder File2025-00002791 Prepared by Jill Connors Economic Development 1300 Main St Dubuque IA 52001 (563) 5894393 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 131 St., Dubuque, IA 52001, (563) 589-4100 ORDINANCE NO. 8-25 AN ORDINANCE CORRECTING AND AMENDING ORDINANCE NO. 5-24, PREVIOUSLY AMENDED, PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE AMENDED AND RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL AREA OF THE CITY OF DUBUQUE, COUNTY OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE COMMUNITY SCHOOL DISTRICT, AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH THE AMENDED AND RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL REDEVELOPMENT PROJECT BY ADDING SUBAREA T TO THE DIVISION OF REVENUES WHEREAS, the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District (the "District") described in Resolution No. 130-88 was adopted on May 2, 1988 and was thereafter amended and restated by Resolution No. 484-90 on December 17, 1990, Resolution No. 142-97 on April 7, 1997, Resolution No. 478-97 on November 17, 1997, Resolution No. 15-08 on January 7, 2008, Resolution No. 101-08 on March 17, 2008, Resolution No. 109-08 on April 7, 2008, Resolution No. 87-11 on March 7, 2011, Resolution No. 171-13 on June 3, 2013, Resolution No. 197-15 on June 1, 2015, Resolution No. 309-15 on September 8, 2015, Resolution No. 132-16 on September 19, 2016, Resolution No. 157-18 and Resolution No. 158-18 on May 21, 2018, Resolution 380-18 on December 17, 2018, Resolution 125-21 and Resolution 126-21 on April 19, 2021, Resolution 323-21 and Resolution 324-21 on September 20, 2021, Resolution 387-21 on November 1, 2021, Resolution 197-22 on May 16, 2022, by Resolution 289-22 on September 6, 2022, by Resolution No. 290-22 on September 6, 2022, by Resolution 73-23 on March 20, 2023, by Resolution 74-23 on March 20, 2023, by Resolution 180-23 on June 5, 2023, by Resolution 180-23-A on July 17, 2023, by Resolution 40-24 on February 19, 2024, by Resolution 103-25 on March 17, 2025, and by Resolution 104-25 on March 17, S200 ® Na EconomicDevelopmenfi 2025 (as amended and restated, the "Urban Renewal Plan" or "Amended and Restated Urban Renewal Plan"); and WHEREAS, the City Council of the City of Dubuque, Iowa originally provided for the division of taxes pursuant to Section 403.19 of the Code of Iowa within the District in Ordinance No. 26-88 passed and approved on May 2, 1988 and thereafter amended and restated by Ordinance No. 63-88 on December 5, 1988, by Ordinance No. 66-97 on November 17, 1997, by Ordinance No. 70-08 on October 20, 2008, by Ordinance No. 10- 14 on February 3, 2014, by Ordinance No. 39-15 on June 1, 2015, by Ordinance No. 55- 15 on September 8, 2015, by Ordinance No. 49-16 on September 19, 2016, Ordinance 18-18 on May 21, 2018, by Ordinance 45-18 on December 17, 2018, by Ordinance 15- 21 and Ordinance 16-21 on April 19, 2021, by Ordinance 22-21 on June 7, 2021, by Ordinance 31-21 and Ordinance 32-21 on September 20, 2021, by Ordinance 37-21 on November 1, 2022, by Ordinance 21-22 on May 16, 2022, by Ordinance 28-22 on September 6, 2022, by Ordinance 28-22A on November 7, 2022, by Ordinance 10-23 on March 20, 2023, by Ordinance 30-23 on June 5, 2023, by Ordinance 32-23-A on July 17, 2023, by Ordinance 4-24 on February 19, 2024, by Ordinance 5-24 on February 19, 2024, and by Ordinance 8-25 on March 17, 2025; and WHEREAS, indebtedness has been incurred by the City, and additional indebtedness is anticipated to be incurred in the future, to finance urban renewal project activities within the District, and the continuing needs of redevelopment within the District are such as to require the continued application of the incremental tax resources of the District; and WHEREAS, the following enactment is necessary to accomplish the objectives described in the premises. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA, THAT: Section 1. Ordinance 5-24 Section 1 is amended to read as follows: Section 1: For purposes of this Ordinance, the following terms shall have the following meanings: (a) Original Project Area means that portion of the City of Dubuque, Iowa described in the Urban Renewal Plan for the District approved by Resolution No. 130-88 on May 2, 1988, and subsequently amended by Resolution No. 484-90 on December 17, 1990, which Original Project Area includes the lots and parcels located within the area now legally described as follows: All of Dubuque Industrial Center Eighth Addition; and All of Lot 1 Dubuque Industrial Center 13th Addition; and Lot 2 Dubuque Industrial Center 13th Addition; and Lot 1-2-2 Dubuque Industrial Center Fifth Addition; and 2 Lot 1 Dubuque Industrial Center Fifth Addition; and Lot 1 Dubuque Industrial Center 11 th Addition; and Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and Lot 1-3 Dubuque Industrial Center 12th Addition; and Lot 1 of lot 3 of final plat of lot 1 of Dubuque Industrial Center First Addition; and Lot 1 Dubuque Industrial Center 10th Addition; and Lot 2-3 Dubuque Industrial Center 12th Addition; and Lots 1 & 2 of final plat of lot 1 of Dubuque Industrial Center First Addition; and Lot 1 Dubuque Industrial Center 12th Addition; and Lot 2 Dubuque Industrial Center Ninth Addition; and Lot 2 Dubuque Industrial Center 12th Addition; and Lot 2-2 Dubuque Industrial Center Sixth Addition; and Lot 3 Dubuque Industrial Center Ninth Addition; and Lot 1 Dubuque Industrial Center Sixth Addition; and Lot 2 of 2 Dubuque Industrial Center 7th Addition; and Lot 2-1 Walter Addition; and Lot 2-1 Walter Addition; and And all adjoining public right-of-way, all in the City of Dubuque, Dubuque County, Iowa. The Original Project Area is referred to as "Subarea A" in the Urban Renewal Plan hereinafter described. (b) Subarea B has been removed from the division of revenues by Ordinance 22-21 on June 7, 2021. (c) Subarea C means that portion of the City of Dubuque, Iowa described as Subarea C in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 289-22 on September 6, 2022, which Subarea C includes the lots and parcels located within the area legally described as follows: Lots 1 and 2 of Dubuque Industrial Center North Second Addition; Lots 2, 3, C and A of Dubuque Industrial Center North First Addition, excepting that Part of said Lot A originally platted as Lot 2 of the SW '/ of the NW'/ of Sec. 30, T89N, R2E of the 5th PM; and any adjoining public street right-of-way, all in the City of Dubuque, Dubuque County, Iowa, EXCEPT those lots and parcels included in Subarea K, those lots and parcels included in Subarea O, and those lots and parcels included in Subarea R. 3 (d) Subarea D means that portion of the City of Dubuque, Iowa described as Subarea D in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 109-08 on April 7, 2008, which Subarea D includes the lots and parcels located within the area legally described as follows: Lots 1, 2, acid B and all of the right of way of Chavenelle Court in Dubuque Industrial Center West 8th Addition in the City of Dubuque, Dubuque County, Iowa. (e) Subarea E means that portion of the City of Dubuque, Iowa described as Subarea E in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 73-23 on March 20, 2023, which Subarea E includes the lots and parcels located within the area legally described as follows: All of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa, except Lot 2 of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa; and All of Seippel Road right of way from the north boundary line of Lot 1 of 1 of South Fork Subdivision No. 1 in the City of Dubuque, to the south boundary lines of Lot H of Dubuque Industrial Center West and Lot 1 of Dubuque Industrial Center West 2nd Addition in the City of Dubuque, Dubuque County, Iowa, including crossings at the intersections of Old Highway Road and Chicago Central & Pacific Railroad rights -of -way. (f) Subarea F means that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea F in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 197-15 on June 1, 2015, which Subarea F includes the lots and parcels located within the area legally described as follows: Lot one (1) of Graf Farm Subdivision #2, Dubuque County, Iowa, according to the recorded plat thereof; Lot 1 of Lot 1 of Lot 1 of Lot 1 of West One-half of Northeast One -quarter, Section 25, Township 89 North, Range 1 East of the 5th Principal Meridian, in Center Township, Dubuque County, Iowa; Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, Iowa, according to the plat thereof; and The NW 1/4 of the SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th P.M., in Center Township, Dubuque County, Iowa. (g) Subarea G means that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea G in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 309-15 on September 8, 2015, which Subarea G includes the lots and parcels located within the area legally described as follows: Ell The South one-half of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Lot 2 of McFadden Farm Place #2, in the City of Dubuque, Iowa. Lot 2 of McFadden Farm Place, in the City of Dubuque, Iowa. Lot A of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Lot A of Lot 1 of 1 of the Northwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. All in the City of Dubuque, Dubuque County, Iowa. (h) Subarea H means that portion of the City of Dubuque, Iowa, and Dubuque County descfted as Subarea H in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 332-16 on September 19, 2016, which Subarea H includes the lots and parcels located within the area legally described as follows: Lot 1 of the Northeast'/ of the Northeast'/, and Lot 2 of Lot 1 of Lot 1 of Lot 2 of the Northeast'/ of the Northeast'/, of Section 30, in Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. (i) Subarea I means that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea I in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 332-16 on September 19, 2016, which Subarea I includes the lots and parcels located within the area legally described as follows: Lot 2 Seippel Road Place #2, Dubuque County, Iowa. Lot 2-1-1 of the Southeast Quarter of the Southeast Quarter of Section 25, Township 89 North, Range 2 East of the 5th Principal Meridian, Dubuque County, Iowa 0) Subarea J means that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea J in the Amended and Restated Urban Renewal Plan for the District approved by Resolution No. 332-16 on September 19, 2016, which Subarea J includes the lots and parcels located within the area legally described as follows: Lot 2 Julien Care Place, Dubuque County, Iowa. 5 Lot 3 Julien Care Place, Dubuque County, Iowa Lot 2-1 Julien Care Place, Dubuque County, Iowa (k) Subarea K means that portion of the City of Dubuque, Iowa, removed from Subarea C of the District by Version 2018.1 of the Amended and Restated Plan for the District approved by Resolution No. 157-18, and added to the District by Version 2018.2 of the Amended and Restated Plan for the District approved by Resolution No. 158-18 as Subarea K, all on May 21, 2018, which Subarea K includes the lots and parcels located within the area legally described as follows: Lot 1 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, Iowa. (1) Subarea L means that portion of the City of Dubuque, Iowa described as Subarea L in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 380-18 on December 17, 2018, which Subarea L includes the lots and parcels located within the area legally described as follows: Lot 1 of Loretta Bahl's Homestead, in the City of Dubuque, Iowa, comprised of Lot 1 of the West 30 Acres of the Southwest '/ of the Southeast '/, Section 19, Township 89 North, Range 2 East of the 5th P.M. all in the City of Dubuque, Dubuque County, Iowa. (m) Subarea M means that portion of the City of Dubuque, Iowa described as Subarea M in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 380-18 on December 17, 2018, which Subarea M includes the lots and parcels located within the area legally described as follows: Lot 2 of the Subdivision of Lot 2 of the Northeast'/ of the Northeast'/ of Section 30, Township 89 North, Range 2 East of the 5th P.M. all in the City of Dubuque, Dubuque County, Iowa. (n) Subarea N means that portion of the City of Dubuque, Iowa described as Subarea N in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 126-21 on April 19, 2021, which Subarea N includes the lots and parcels located within the area legally described as follows: Lot 1 of Dubuque Industrial Center North First Addition, in the City of Dubuque, Iowa; and All of the street right of way of Innovation Drive adjacent to Lot 1 of Dubuque Industrial Center North First Addition, in the City of Dubuque, Iowa. All in the City of Dubuque, Iowa (o) Subarea O means that portion of the City of Dubuque, Iowa removed from Subarea C and now described as Subarea O in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 324-21 on September C. 20, 2021, which Subarea O includes the lots and parcels located within the area legally described as follows: Lot 2 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, Iowa; and A Part of Lot C in Dubuque Industrial Center North First Addition in the City of Dubuque, Iowa, being more particularly described as follows: Commencing at the northwest corner of Lot 1 in Dubuque Industrial Center North Second Addition in the City of Dubuque, Iowa; Thence North 87 degrees 35 minutes 13 seconds East along the north line of said Lot 1, 65.47 feet to the Point of Beginning; Thence North 87 degrees 35 minutes 13 seconds East continuing along said north line of Lot 1, 467.29 feet; Thence South 82 degrees 04 minutes 06 seconds East continuing along said north line of Lot 1, 212.63 feet; Thence North 19 degrees 12 minutes 36 seconds East, 433.37 feet, to a point on the easterly line of Lot 2 in Dubuque Industrial Center North Third Addition in the City of Dubuque, Iowa; Thence North 90 degrees 00 minutes 00 seconds West, 231.12 feet; Thence North 60 degrees 11 minutes 47 seconds West, 280.07 feet; Thence North 51 degrees 38 minutes 25 seconds West, 318.12 feet; Thence South 57 degrees 28 minutes 14 seconds West, 86.87 feet; Thence South 18 degrees 59 minutes 51 seconds East, 140.84 feet; Thence South 51 degrees 57 minutes 52 seconds East, 101.08 feet; Thence South 01 degree 57 minutes 06 seconds East, 108.09 feet; Thence South 33 degrees 59 minutes 54 seconds East, 90.10 feet; Thence South 44 degrees 57 minutes 34 seconds East, 130.53 feet; Thence South 12 degrees 19 minutes 12 seconds West, 171.97 feet; Thence South 87 degrees 35 minutes 13 seconds West, 260.33 feet; Thence South 02 degrees 35 minutes 19 seconds East, 40.00 feet, to the Point of Beginning, said part of Lot C contains 6.59 acres, more or less. All in the City of Dubuque, Iowa (p) Subarea P means that portion of Dubuque County and the City of Dubuque, Iowa described as Subarea P in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 387-21 on November 1, 2021, which Subarea P includes the lots and parcels located within the area legally described as follows: Lot 2 of Wertzberger Acres No. 3, in Table Mound Township, Dubuque County, Iowa, according to the recorded Plat thereof; and The Southwest 1 /4 of the Northeast 1 /4, Lot 1 of the Northwest 1 /4 of the Northeast 1 /4, Lot 1 of Lot 1 of the Northeast 1 /4 of the Northeast 1 /4, and Lot 2 of the Southeast 1 /4 of the Northeast 1 /4, in Section 14, Township 88 North, Range 7 2 East of the 5th P.M., in Dubuque County, Iowa, according to United States Government Survey and the recorded Plats thereof, excepting therefrom that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 1 of the Northwest 1/4 of the Northeast 1/4 and of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 11.95 acres and as shown and described in the Warranty Deed filed as Instrument Number 2010-00003964 in the Dubuque County Recorder's Office, and excepting therefrom that land acquired for highway right of way by the Iowa Department of Transportation known as Lot B of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 0.62 acres and as shown and described in the Warranty Deed filed as Instrument Number 2011- 00011776 in the Dubuque County Recorder's Office; and All that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 1 of the Northwest 1/4 of the Northeast 1/4 and of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 11.95 acres and as shown and described in the warranty deed filed as instrument number 2010-00003964 in the Dubuque County Recorder's Office, and All that land acquired for highway right of way by the Iowa Department of Transportation known as Lot B of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 0.62 acres and as shown and described in the warranty deed filed as instrument number 2011-00011776 in the Dubuque County Recorder's Office; and All that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 2 of the Southwest 1/4 of the Northwest 1/4, all in Section 13, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 7.50 acres and as shown and described in the warranty deed filed as instrument number 2010-00007163 in the Dubuque County Recorder's Office; and A part of that land acquired for highway right of way by the Iowa Department of Transportation known as Lot A of Lot 2 of 3 of Archdiocese Place No. 2 at Key West in Section 11, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque and of Lot 2 of the Northwest 1/4 of the Northeast 1/4 and of Lot 2 of 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 1 of the Southeast Quarter of the Northeast Quarter, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of Iowa, containing 51.12 acres and as shown and described in the warranty deed filed as instrument number 2011-00018392 in the Dubuque County Recorder's Office, more particularly described as follows: Commencing at the east 1/4 corner of said section 14; thence south 870 (degrees) 30' (minutes) 08" (seconds) west (assumed bearing for the purpose of this description) on the south line of the northeast 1/4 of said section 14, a distance of 316.67 feet to the southeast corner of said lot 1 of the southeast 1/4 of the northeast 1/4 which is on the present northwesterly right-of-way line of U.S. highway 61, being the point of beginning of the area herein described; thence continuing south 87030'08" west on said south line, also being the south line of said lot 1 of the southeast 1/4 of the northeast 1/4, a distance of 744.37 feet to the west line of said lot 1 of the southeast 1/4 of the northeast 1/4; thence north 01 °46'59" west on said west line, 365.46 feet; thence north 02036'29" west on said west line, 258.32 feet to the northwesterly line of said lot 1 of the southeast 1/4 of the northeast 1/4; thence north 15033'01" east on said northwesterly line, 189.90 feet; thence north 20016'31" east on said northwesterly line, 100.25 feet; thence north 31 °16'30" east on said northwesterly line, 371.74 feet; thence north 51 °35'55" east on said northwesterly line, 46.89 feet; thence north 26034'03" east on said northwesterly line, 112.65 feet to the northwest corner of said lot 1 of the southeast 1/4 of the northeast 1/4, also being the southwest corner of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4; thence north 35025'51" east on the westerly and southwesterly line of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, a distance of 200.90 feet; thence north 01011'53" west on said westerly and southwesterly line, 284.09 feet; thence north 51 °36'20" west on said westerly and southwesterly line, 173.35 feet; thence south 73041'30" east a distance of 115.82 feet; thence south 48036'34" east on the northeasterly line of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, 759.07 feet to the southeast comer of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, also being the northeast corner of said lot 1 of the southeast 1/4 of the northeast 1/4; thence south 02'41'19" east on the easterly line of said lot 1 of the southeast 1/4 of the northeast 1/4, a distance of 954.91 feet to the present northwesterly right-of-way line of U.S. highway 61; thence south 38°00'39" west on said northwesterly right-of-way line, 485.62 feet to the point of beginning, containing 31.49 acres, more or less; and An 80-foot-wide strip of land in the Southeast Half of Section 31, Township 89 North, Range 2 East, The Southwest Quarter of Section 32, Township 89 North, Range 2 East, the North Half of Section 5, Township 88 North, Range 2 East, the Northwest, Northeast, and Southeast Quarters of Section 4, Township 88 North, Range 2 East, the South Half of Section 3, Township 88 North, Range 2 East, the Southwest Quarter of Section 2, Township 88 North, Range 2 East, the Northwest, Northeast, and Southeast Quarters of Section 11, Township 88 North, Range 2 East, and the Northeast Quarter of Section 14, Township 88 North, Range 2 East, of the Fifth Principal Meridian, centered on the following described line: Commencing at the Southeast Corner of Lot B, Dubuque Industrial Center South First Addition, in the City of Dubuque, Dubuque County, Iowa (Record Doc. N #2014-1397), at the Northerly Right -of -Way of Seippel Road; thence South 35044'18" East (Record North 35°52'10" West) along the East Line of said First Addition, 11.13 feet; thence South 10'51'45" East, 40.00 feet to the centerline of Seippel Road, the Point of Beginning; thence North 79008'15" East along said centerline, 1004.09 feet; thence Easterly along the centerline of U. S. Highway 52 and the extension thereof an arc length of 880.50 feet along a 1,200.00 foot radius curve being concave southerly, having a long chord of South 79050'32" East, 860.88 feet; thence South 58049'18" East along said centerline of U. S. Highway 52, 2,489.33 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 3,363.36 feet along a 12,000.00 foot radius curve being concave Northeasterly, having a long chord of South 66051'04" East, 3,352.36 feet; thence South 74°52'50" East along said centerline of U. S. Highway 52, 1318.07 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,569.39 feet along a 12,000.00 foot radius curve being concave Southwesterly, having a long chord of South 71 °08'02" East, 1,568.27 feet; thence South 67°23'15" East along said centerline of U. S. Highway 52, 1093.39 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,414.18 feet along a 23,000.00 foot radius curve being concave Southwesterly, having a long chord of South 65037'33" East, 1,413.95 feet; thence South 63°51'52" East along said centerline of U. S. Highway 52, 947.44 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,134.73 feet along a 8,000.00 foot radius curve being concave Northeasterly, having a long chord of South 67°55'41" East, 1,133.78 feet; thence South 71059'29" East along said centerline of U. S. Highway 52, 3,507.89 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 7,787.63 feet along a 7,500.00 foot radius curve being concave Southwesterly, having a long chord of South 42°14'42" East, 7,442.46 feet; thence South 12°29'54" East along said centerline of U. S. Highway 52, 750.54 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 449.54 feet along a 4,000.00foot radius curve being concave Northeasterly, having a long chord of South 15°43'05" East, 449.31 feet, to the End Point, the sidelines of said 80-foot-wide strip of land are to be shortened or lengthened to the intersection of the easterly line of Dubuque Industrial Center South First Addition, in the City of Dubuque, Dubuque County, Iowa as recorded in Doc. #2014-1397 and the intersection of the northerly line of Lot 1 and Lot 1 of 1 as recorded in Doc. #2010-3964. (q) Subarea Q means that portion of the City of Dubuque, Iowa described as Subarea Q in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 197-22 on May 16, 2022, which Subarea Q includes the lots and parcels located within the area legally described as follows: Lot 1-5 of Dubuque Industrial Center West 5th Addition in the City of Dubuque, Iowa All in the City of Dubuque, Iowa 10 (r) Subarea R means that portion of the City of Dubuque, Iowa described as Subarea R in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 290-22A on November 7, 2022, which Subarea R includes the lots and parcels located within the area legally described as follows: Part of Lot 3 in the Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, Iowa, Except Lot 'A' of Lot 3 in Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, Iowa, described as follows: Commencing at the southeast corner of said Lot 3; thence N00036'04"W, 364.16 feet along the east line of said Lot 3; thence S89°24'16"W, 502.28 feet along the outside face of the south wall of the existing building to the point of beginning; thence S00035'44"E, 37.00 feet; thence S89°24'16"W, 170.00 feet; thence N00°35'44"W, 32.00 feet; thence S89024'16"W, 210.00 feet; thence N00035'44"W, 362.00 feet; thence N89024'16"E, 255.00 feet to the northerly extension of the outside face of the west wall of the existing building; then S00°35'44"E, 357.00 feet along said face of the west wall of the southwest corner of the existing building; thence N89024'16"E, 125.00 feet along the face of the south wall of the existing building to the point of beginning, containing 2.258 acres All in the City of Dubuque, Iowa. (s) Subarea S means that portion of the City of Dubuque, Iowa described as Subarea S in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 74-23 on March 20, 2023, which Subarea S includes the lots and parcels located within the area legally described as follows: Lot 2 of Dubuque Industrial Center South First Addition in the City of Dubuque, Iowa All in the City of Dubuque, Iowa. (t) Subarea T means that portion of the City of Dubuque, Iowa described as Subarea T in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 180-23 on June 5, 2023, which Subarea T includes the lots and parcels located within the area legally described as follows: The East 10 Acres of the Southwest Quarter of the Southeast Quarter of Section 19, T89N, R2E, of the 5th P.M., Dubuque County, Iowa All in the City of Dubuque, Iowa. (u) Subarea U means that portion of the City of Dubuque, Iowa described as Subarea U in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 40-24 on February 19, 2024, which Subarea U includes the lots and parcels located within the area legally described as follows: 11 All of Lot 1 of Airborne Place, in the City of Dubuque, Iowa; and All of the Airborne Road right of way adjacent to Lot 1 of Airborne Place, in the City of Dubuque, Iowa, being the same area described as Acquisition Parcel 154, in Part of Lot 2-2 of South Fork Industrial Subdivision No. 1, Per Instrument Number 2018-10004 in the office of the Dubuque County Recorder All in the City of Dubuque, Iowa. (v) Subarea V means that portion of the City of Dubuque, Iowa described as Subarea V in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 5-24 on February 19, 2024, which Subarea V includes the lots and parcels located within the area legally described as follows: All that part of Lot 1 of Dubuque Industrial Center South Fourth Addition in the City of Dubuque Iowa lying west of the west line of the Southwest Quarter of Section 31, Township 89 North, Range 2 East of the 5th P.M., All in the City of Dubuque, Iowa. (w) Subarea W means that portion of the City of Dubuque, Iowa described as Subarea W in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 104-25 on March 17, 2025, which Subarea W includes the lots and parcels located within the area legally described as follows: Lot 1 of Lot 4 of Dubuque Industrial Center West 4th Addition in the City of Dubuque, Iowa, according to the recorded plat thereof All in the City of Dubuque, Iowa. (x) Amended Project Area means that portion of the City of Dubuque, Iowa and Dubuque County included within the Original Project Area, Subarea C, Subarea D, Subarea E, Subarea F, Subarea G, Subarea H, Subarea I, Subarea J, Subarea K, Subarea L, Subarea M, Subarea N, Subarea O, Subarea P, Subarea Q, Subarea R, Subarea S, Subarea T, Subarea U, Subarea V, and Subarea W each as described in this Section. Section 2. Section 3 is amended to read as follows: Section 3: As to the Original Project Area, that portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts taxing property in the Original Project Area upon the total sum of the assessed value of the taxable property in the Original Project Area as shown on the assessment roll as of January 1, 1987, being the first day of the calendar year preceding the effective date of Ordinance No. 26-88, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for said taxing district into which all 12 other property taxes are paid. The taxes so determined shall be referred herein as the "base period taxes" for such Subarea. As to Subarea B, Subarea B has been removed from the division of revenues by Ordinance 22-21. Subarea B will remain within the District. As to Subarea C (except the lots and parcels now forming Subarea K and those lots and parcels removed by Amended and Restated Urban Renewal Plan Version 2021.4 now forming Subarea O, and those lots and parcels removed by Ordinance 27-22, now forming Subarea R), base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2007, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 70-08, and base values shall be reduced due to the removal of area from Subarea C. As to Subarea D, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2007, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 70-08. As to Subarea E, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2013, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No.10-14. As to Subarea F, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2014, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 39-15. As to Subarea G, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2014, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 55-15. As to Subarea H, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 49-16. As to Subarea I, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 49-16. 13 As to Subarea J, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 49-16. As to Subarea K, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2017, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 18-18. As to Subarea L, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2017, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 45-18. As to Subarea M, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2017, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 45-18. As to Subarea N, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2020, being the assessment roll applicable to property in such subarea as of January 1 of preceding the effective date of Ordinance No. 16-21. As to Subarea O, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2020, being the assessment roll applicable to property in such subarea as of January 1 of preceding the effective date of Ordinance 32-21. As to Subarea P, Subarea P has been removed from the division of revenues by Ordinance 21-22. Subarea P will remain within the District. As to Subarea Q, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2021, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 21-22. As to Subarea R, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2021, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 28-22-A. As to Subarea S, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2022, being the 14 assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 10-23. As to Subarea T, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2022, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 30-23-A. As to Subarea U, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2023, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 4-24. As to Subarea V, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2023, being the assessment toll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 5-24. As to Subarea W, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2024, being the assessment toll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of this Ordinance No. 8-25. Section 3: This Ordinance shall be in effect after its final passage, approval and publication as provided by law. PASSED AND APPROVED this 171h day of March, 2025 —Brld M. Cavana—bg�--�' Mayor ATTEST: Adrienne N. Breitfeld`(ar City Clerk Read first time: 7/i �> PASSED AND APPROVED: j ,' �I �!?? PUBLISHED: -%(� I / J- 0� 15 CERTIFICATE of 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 Ordinance No. 8-25 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 21st day of March 2025. 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: 03/21/2025 and for which the charge is 142.10 Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this 21 st day of March, 2025 Notary is in and for Dubuque County, Iowa. JANET K. PAPE Commission Number 199659 My Commission Expires 12/ 11 /2025 Ad text : CITY OF DUBUQUE OFFICIAL PUBLICATION ORDINANCE NO. 8-25 SUMMARY THE FOLLOWING DESCRIPTION OF THE ORDINANCE IS A SUMMARY. THE ORDINANCE IN ITS ENTIRETY IS ON FILE IN THE OFFICE OF THE CITY CLERK, 50 W. 13TH STREET, DUBUQUE AND MAY BE VIEWED DURING NORMAL BUSINESS HOURS OF 8:00 AM to 5:00 PM MONDAY TO FRIDAY. AN ORDINANCE CORRECTING AND AMENDING ORDINANCE NO. 5-24, PREVIOUSLY AMENDED, PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE AMENDED AND RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL AREA OF THE CITY OF DUBUQUE, COUNTY OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE COMMUNITY SCHOOL DISTRICT, AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH THE AMENDED AND RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL REDEVELOPMENT PROJECT BY ADDING SUBAREA T TO THE DIVISION OF REVENUES The ordinance expands the District to include the property to be designated as Subarea W by Version 2025.2 of the Amended and Restated Urban Renewal Plan in the TIF ordinance area of the Amended and Restated Urban Renewal Area. (w) Subarea W means that portion of the City of Dubuque, Iowa described as Subarea W in the Amended and Restated Urban Renewal Plan for the District approved by Resolution 104-25 on March 17, 2025, which Subarea W includes the lots and parcels located within the area legally described as follows: Lot 1 of Lot 4 of Dubuque Industrial Center West 4th Addition in the City of Dubuque, Iowa, according to the recorded plat thereof All in the City of Dubuque, Iowa. Section 2. "Section 3 is amended to read as follows: Section 3: As to the Original Project Area, that portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts taxing property in the Original Project Area upon the total sum of the assessed value of the taxable property in the Original Project Area as shown on the assessment roll as of January 1, 1987, being the first day of the calendar year preceding the effective date of Ordinance No. 26-88, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for said taxing district into which all other property taxes are paid. The taxes so determined shall be referred herein as the "base period taxes" for such Subarea. As to Subarea B, Subarea B has been removed from the division of revenues by Ordinance 22-21. Subarea B will remain within the District. As to Subarea C (except the lots and parcels now forming Subarea K and those lots and parcels removed by Amended and Restated Urban Renewal Plan Version 2021.4 now forming Subarea 0, and those lots and parcels removed by Ordinance 27-22, now forming Subarea R), base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2007, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 70-08, and base values shall be reduced due to the removal of area from Subarea C. As to Subarea D, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2007, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 70-08. As to Subarea E, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2013, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No.10-14. As to Subarea F, base period taxes shall be computed in tile. same manner using the total assessed value shown on the assessment roll as of January 1, 2014, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 39-15. As to Subarea G, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2014, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 55-15. As to Subarea H, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 49-16. As to Subarea I, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 49-16. As to Subarea J, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 49-16. As to Subarea K, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2017, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 18-18. As to Subarea L, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2017, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 45-18. As to Subarea M, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2017, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 45-18. As to Subarea N, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2020, being the assessment roll applicable to property in such subarea as of January 1 of preceding the effective date of Ordinance No. 16-21. As to Subarea 0, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2020, being the assessment roll applicable to property in such subarea as of January 1 of preceding the effective date of Ordinance 32-21. As to Subarea P, Subarea P has been removed from the division of revenues by Ordinance 21-22. Subarea P will remain within the District. As to Subarea Q, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2021, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 21-22. As to Subarea R, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2021, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 28-22-A. As to Subarea S, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2022, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 10-23. As to Subarea T, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2022, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 30-23-A. As to Subarea U, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2023, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 4-24. As to Subarea V, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2023, being the assessment toll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 5-24. As to Subarea W, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2024, being the assessment toll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of this Ordinance No. 8-25. Section 3: This Ordinance shall be in effect after its final passage, approval and publication as provided by law. PASSED AND APPROVED this 17th day of March, 2025. /s/Brad M. Cavanagh, Mayor Attest: /s/Adrienne N. Breitfelder, City Clerk" Published officially in the Telegraph Herald newspaper on the 21 st day of March, 2025. /s/Adrienne N. Breitfelder, City Clerk It 3/21