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Economic Development Fiscal Year 2026 Budget Presentation Copyrighted April 8, 2025 City of Dubuque PUBLIC HEARINGS # 4. City Council ITEM TITLE: Economic Development Fiscal Year 2026 Budget Presentation SUMMARY: SUGGUESTED DISPOSITION: ATTACHMENTS: 1. 26 Policy Book Volume 3 - Economic Development - Updated _Uploaded 4.8.25 2. 26 Policy Book Volume 3 - Economic Development 3. Economic Development - FY26 Budget Presentation _Uploaded 4.8.25 Page 930 of 1094 Economic Development 59 Page 931 of 1094 This page intentionally left blank. 60 Page 932 of 1094 ECONOMIC DEVELOPMENT DEPARTMENT Budget Highlights FY 2024 Actual FY 2025 Budget FY 2026 Requested % Change From FY 2025 Budget Expenses Employee Expense $ 471,762 $ 471,013 $ 598,082 27.0 % Supplies and Services $ 2,835,584 $ 2,997,372 $ 3,129,190 4.4 % TIF Rebate Payments $ 3,133,657 $ 2,880,121 $ 4,816,820 67.2 % Equipment $ 727 $ — $ 4,991 0.0 % Subtotal $ 6,441,730 $ 6,348,506 $ 8,549,083 34.7 % Debt Service $ 2,989,624 $ 3,412,514 $ 4,200,241 23.1 % Total $ 9,431,354 $ 9,761,020 $ 12,749,324 30.6 % Resources TIF Charges $ 6,088,686 $ 6,292,635 $ 9,017,061 43.3 % UDAG Charges $ — $ — $ — 0.0 % TIF Land Sales/Reimbursements $ 283,561 $ 339,150 $ 398,175 17.4 % Hotel/Motel Tax (50%)$ 1,446,631 $ 1,617,272 $ 1,759,691 8.8 % Federal Grant $ 22,326 $ — $ — 0.0 % Farmland Rent $ 115,430 $ 57,060 $ 47,034 -17.6 % Miscellaneous Revenue $ 104,991 $ 27,932 $ 38,808 38.9 % Total $ 8,061,625 $ 8,334,049 $ 11,260,769 35.1 % Property Tax Support $ 1,369,729 $ 1,426,971 $ 1,488,555 61,584 Percent Increase (Decrease) 4.3 % Personnel - Authorized FTE 3.75 3.75 4.75 Improvement Package Summary 1 of 4 This improvement package request is for funding to create a new Economic Development Project Coordinator position (1.00 FTE, G-30). Increased community projects require coordination from dedicated staff in order to be implemented. This position will support work from multiple departments and further the work recommended by several recent master plans. The position will plan, organize, monitor, manage, and evaluate economic development project activities including, but not limited to, Chaplain Schmitt Island Development Plan implementation, Historic Millwork District Master Plan implementation, and EPA Brownfields grant administration; lead and manage project teams that involve in-house staff, various City departments, consultants, private sector partners, and other stakeholders; and manage and administer leases and use agreements, grants, and public/private partnership projects. 61 Page 933 of 1094 This work aligns with multiple areas of town identified in City Council goals/priorities. This request helps support the City Council Financially Responsible, High-Performance City Organization: Sustainable, Equitable and Effective Service Delivery. Related Cost:$ 82,486 Tax Funds Recurring Recommend - No Related Cost:$ 4,590 Tax Funds Non-Recurring Net Property Tax Cost:$ 87,076 Property Tax Impact:$ 0.0294 0.29% Activity: Administration 2 of 4 This improvement package request is for funding to create a new Economic Development Financial and Project Specialist position (1.00 FTE, GE-31). This position will be responsible for projecting Tax Increment Financing (TIF) revenue, preparing compliance reporting, managing rebate payments, and assisting with budget projections related to TIF in collaboration with the Finance Department and City Attorney’s Office. This position is critical to ensuring the fiscal integrity of economic development projects and funding mechanisms. This position will develop, maintain, and analyze models to project TIF revenue, incorporating historical data, market trends, and economic conditions; prepare and submit TIF compliance reports; oversee TIF rebate payments; prepare budget projections related to TIF revenues and expenditures; and provide analysis and reports to support informed decisions on TIF fund allocation and economic development financing. This position is 75% funded by Tax Increment Financing and 25% funded by Tax Funds. This request helps support the City Council Financially Responsible, High-Performance City Organization: Sustainable, Equitable and Effective Service Delivery. Related Cost:$ 86,215 Tax Funds Recurring Recommend - Yes Related Cost:$ 4,590 Tax Funds Non-Recurring Related Revenue:$ 64,661 TIF Funds Recurring Related Revenue:$ 3,443 TIF Funds Non-Recurring Net Property Tax Cost:$ 22,701 Property Tax Impact:$ 0.0077 0.08% Activity: Administration 3 of 4 This improvement package request is for an increase in the stipend paid to artists who are chosen to display sculptures on the riverfront. Raising the stipend will directly affect the ability of artists to secure materials, resulting in an increased number of diverse and minority artist participants. This request supports the City Council goal of "Diverse Arts, Culture, Parks, and Recreation: Experiences and Activities" by making the process more equitable and opening the exhibit to a more diverse audience. Related Cost:$ 2,200 Tax Funds Recurring Recommend - No Net Property Tax Cost:$ 2,200 Property Tax Impact:$ 0.0007 0.01% Activity: Arts and Cultural Affairs 62 Page 934 of 1094 4 of 4 This improvement package request is for the purchase of additional printing costs for the Art on the River brochures and translation services. This includes translation from English to Spanish and Marshallese for both the brochures as well as the Otocast recordings with the intent to be more inclusive of Dubuque’s diverse population. This addition fits into the following goals of the City’s Arts & Culture Master Plan and supports the City Council goal of "Diverse Arts, Culture, Parks, and Recreation: Experiences and Activities" by creating more opportunities for diverse communities to cultivate a deeper understanding and connection to the work, the artist and the community. Related Cost:$ 1,454 Tax Funds Recurring Recommend - No Net Property Tax Cost:$ 1,454 Property Tax Impact:$ 0.0005 —% Activity: Arts and Cultural Affairs Significant Line Items Employee Expense 1.FY 2026 employee expense reflects a 3.00% wage package increase. 2.The Iowa Public Employee Retirement System (IPERS) City contribution of 9.44% is unchanged from FY 2025. The employee contribution of 6.29% is unchanged from FY 2025. 3.The City portion of health insurance expense is unchanged from $1,119 in FY 2025 to $1,119 in FY 2026 per month, per contract, which results in an annual cost unchanged of $0 or 0%. Supplies and Services 4.Payments to Other Agencies provide for TIF-backed economic development grants. Rebate payments count against the City’s statutory debt limit unless there is a non-appropriation clause approved in the development agreement and in that case, only the current annual payment counts against the City’s statutory debt limit. The City began using non-appropriation clauses in development agreements beginning in January 2013. The grant estimates totaling $2,021,616 in FY 2026 in the Greater Downtown TIF district are to: Rousselot, Inc.$ 20,531 Last payment FY 2025 Hotel Julien $ 264,175 Last Payment FY 2026 253 Main St.$ 3,082 Last payment FY 2027 Barker Financial $ 13,545 Last payment FY 2027 44 Main $ 79,281 Last payment FY 2027 Spahn and Rose $ 119,222 Last payment FY 2027 Franklin Investment $ 20,879 Last payment FY 2028 Caradco (Schmid Innovation Center)$ 129,558 Last payment FY 2028 Bonson Block $ 9,589 Last payment FY 2028 Plastic Center $ 6,747 Last payment FY 2028 Greater Downtown TIF Rebate Payments 63 Page 935 of 1094 Roshek Building $ 388,088 Last payment FY 2030 Linseed Oil Paintworks $ 16,905 Last payment FY 2030 Metx $ 178,160 Last payment FY 2031 Novelty Iron Works $ 196,926 Last payment FY 2031 Marquette Hall, LLC $ 4,960 Last payment FY 2031 Three Amigos , LLC $ 6,752 Last payment FY 2031 210 Jones, LLC $ 24,525 Last payment FY 2031 Prairie Farms Dairy, Inc.$ 12,196 Last payment FY 2031 Dupaco Community Credit Union $ 173,225 Last payment FY 2035 Klauer $ 104,380 Last Payment FY 2035 McCoy Group $ 248,890 Last Payment FY 2035 Total $ 2,021,616 Greater Downtown TIF Rebate Payments The grant estimates totaling $2,610,263 in FY 2026 in the Dubuque Industrial Center West TIF district are to: Dubuque Industrial Center TIF Rebate Payments Hormel Foods $ 259,320 Last payment FY 2026 Tri-State Quality Metals LLC $ 75,164 Last payment FY 2026 Roasting Solutions $ 69,586 Last payment FY 2028 Rite Hite $ 140,629 Last payment FY 2029 Simmons Pet Food $ 476,354 Last payment FY 2030 Medline $ 397,349 Last Payment FY 2031 Giese $ 55,171 Last payment FY 2033 Green Industrial $ 155,273 Last payment FY 2034 Dubuque Screw $ 19,728 Last payment FY 2035 Geisler Brothers $ 1,291 Last payment FY 2035 Hodge - Duluth Trading $ 518,208 Last payment FY 2035 Seippel Warehouse LLC $ 442,190 Last payment FY 2036 Total $ 2,610,263 The grant estimates totaling $47,176 in FY 2026 in Tech Park TIF district are to: Technology Park TIF Rebate Payments Rockfarm Holding Corp $ 47,176 Last payment FY 2027 Total $ 47,176 The grant estimates totaling $5,766 in FY 2026 in John F Kennedy Road TIF district are to: 64 Page 936 of 1094 John F Kennedy Road TIF Rebate Payments Switch Development 5,766 Last payment FY 2036 Total $ 5,766 The grant estimates in FY 2026 in the North Cascade Road Housing TIF district: $1,674 will be generated for public improvements and $— for low and moderate-income projects (last payment in 2027). The grant estimates in FY 2026 in the English Ridge Housing TIF district: $93,791 will be generated for public improvements and $57,729 for low and moderate-income projects. The grant estimates in FY 2026 in the South Pointe Housing TIF district: Dubuque South Pointe LLC $31,373 (last payment in 2030). In addition, $69,562 will be generated for public improvements and $35,736 for low and moderate-income projects. The grant estimates in FY 2026 in the Rustic Point Housing TIF district: Derby Grange LLC $67,164 (last payment in 2030). In addition, $268,654 will be generated for public improvements and $67,164 for low and moderate-income projects. 5.Meetings and Conferences decreased from $55,880 in FY 2025 to $45,705 in FY 2026. This line item represents the budget for Federal Initiatives ($24,000), the Growing Sustainable Communities Conference ($825), the ICMA ($2,700), the IEDC ($3,000), Iowa Downtown Conference ($800), the Pro Developers of Iowa Conference ($670), the Women Lead Change Conference ($400), the Americans for the Arts Conference ($3,000), the Iowa Women's Leadership Conference ($410), the Iowa Arts Summit ($600), the Creative Placemaking Leadership Summit ($1,800), Brownfields Conference ($2,500), TLG Alliance for Innovation ($2,500), and an additional ($2,500) for any additional meeting or conference opportunities as they arise. 6.Programming is unchanged from $38,414 in FY 2025 to $38,414 in FY 2026. This line item represents Art on the River. Art on the River has been a mainstay of the community for over 20 years. It remains one of the only public art endeavors that the City has initiated and is publicly accessible. It provides exhibition opportunities for local and regional artists and has become a popular/competitive exhibition space. It has been a model upon which other cities have built their public art programs and attracts at least 10,000 visitors to the Mississippi River Walk annually and remains a well-loved recreational space for residents as well. It has also been repeatedly featured in every local publication and in Travel Dubuque promotional materials. 7.Other Administrative Contractual Services increased from $2,519,203 in FY 2025 to $2,661,622 in FY 2026 based on FY 2025 budget. Half of the hotel/motel tax is paid to Travel Dubuque. The following service agreements are budgeted in Economic Development in FY 2026: 65 Page 937 of 1094 Travel Dubuque $ 1,617,272 $ 1,759,691 $ 142,419 9 % Dubuque Area Labor Management Council 35,000 35,000 — — % Dubuque Main Street 96,211 96,211 — — % Dubuque Winter Farmers Market 15,000 15,000 — — % Fountain of Youth 63,000 63,000 — — % Dubuque Dream Center 63,000 63,000 — — % Greater Dubuque Development Corporation 456,500 456,500 — — % Prosperity Eastern Iowa 5,085 5,085 — — % GDDC Access Dubuque 8,135 8,135 — — % Envision Dubuque 75,000 75,000 — — % Project Hope 85,000 85,000 — — % Total $ 2,519,203 $ 2,661,622 $ 142,419 5.35 % Contracted Services Agency FY 2025 FY 2026 Change % These contracted services for Economic Development are expenses that the City would have within its organization regardless of who provides the services. Debt Service 8.The FY 2026 annual debt service includes ($4,559,166): $ 35,648 G.O. 2011B DICW S. Siegert 2026 2026 $ 129,400 G.O. 2017A DICW N. Siegert 2029 2025 $ 211,705 G.O. 2017A GDTIF Housing Incentives 2030 2025 $ 197,300 G.O. 2017A GDTIF Millwork Parking 2030 2025 $ 300,844 IFA loan GDTIF Caradco 2030 $ 254,553 G.O. 2021B DICW S. Siegert 2031 2028 $ 50,586 G.O. 2021B GDTIF Washington Neighborhood 2031 2028 $ 96,500 G.O. 2021B DICW Land Acquisition 2031 2028 $ 12,300 G.O. 2021B GDTIF DT Loan Pool 2031 2028 $ 112,300 G.O. Series 2021B GDTIF DT Parking Ramp & Docks 2031 2028 $ 32,347 G.O. 2019C DICW S. Siegert 2032 2026 $ 50,000 Lease Buyout GDTIF Bowling & Beyond 2032 $ 355,693 G.O. 2021A GDTIF 1-Way to 2-Way (9th & 11th St) 2034 2028 $ 472,700 G.O. 2021A GDTIF Intermodal 2034 2028 $ 128,137 G.O. 2021A GDTIF Bus Storage/Bluff Restrooms 2034 2028 $ 9,763 G.O. 2021A DICW Land Acquisition 2034 2028 $ 40,700 G.O. Series 2021A GDTIF Jackson Park & Clock Tower 2034 2028 $ 81,900 G.O. Series 2021A DICW Chavenelle Road 2034 2028 $ 113,850 G.O. 2019A GDTIF Colts Building Renovation 2039 2026 Amount Debt Series Source Purpose Final Payment Call Date 66 Page 938 of 1094 $ 89,933 FY23 Planned GDTIF Smart Parking 2041 $ 79,853 G.O. 2022 GDTIF Downtown Parking Ramp 2042 2029 $ 60,468 G.O. 2022 GDTIF Docks/Prop Acq 2042 2029 $ 280,713 G.O. 2022B DICW 2022B DICW Webber 2042 2029 $ 138,759 FY25 Planned DICW McFadden Property 2045 $ 21,004 FY25 Planned GDTIF Ramp Major Mnt 2045 $ 94,442 FY25 Planned GDTIF Smart Parking 2045 $ 34,770 FY25 Planned GDTIF ABC Supply Building 2045 $ 249,933 FY25 Planned GDTIF Chaplain Schmitt Island Amphitheater 2045 $ 40,552 FY25 Planned GDTIF Federal Building Renovation 2045 $ 173,087 FY25 Planned DICW Development of McFadden 2045 $ 148,895 FY25 Planned GDTIF Smart Parking 2045 $ 460,531 FY25 Planned GDTIF Ramp Major Maintenance 2045 $ 4,559,166 Total Economic Development Annual Debt Service Amount Debt Series Source Purpose Final Payment Call Date In addition, Greater Downtown TIF will transfer to the Debt Service fund as reflected in other departmental budgets ($2,694,475): Port of Dubuque Parking Ramp ($2,012,375) and the Intermodal Facility ($400,000). The Port of Dubuque Parking Ramp debt is reimbursed by the Diamond Jo through a minimum assessment agreement and an annual shortfall payment. Revenue 9.The payment from Dubuque Initiatives for processing of payments has increased from $27,781 in FY 2025 to $38,808 in FY 2026 based on the agreement in place. FY 2024 Actual was $30,138. This line item represents payments made by Dubuque Initiatives for contracted services performed by City staff. 10.Farmland Rent decreased from $57,060 in FY 2025 to $47,034 in FY 2026 based on lease agreement terms. This line item represents rent of farmland in Dubuque Industrial Center West that remains acquired but not yet developed. 67 Page 939 of 1094 ECONOMIC DEVELOPMENT Economic Development formulates and implements strategies which retain and create jobs, enhance the tax base, stabilize the local economic base and encourage economic self-sufficiency, working primarily in the areas of downtown, Historic Millwork District, and riverfront and industrial park development – thus improving the community’s overall quality of life. SUCCESS IS ABOUT PLANNING, PARTNERSHIPS AND PEOPLE LEADING TO OUTCOMES 68 Page 940 of 1094 ECONOMIC DEVELOPMENT FY 2024 FY 2025 FY 2026 Full-Time Equivalent 3.75 3.75 4.75 Resources and Property Tax Support FY 2024 FY 2025 FY 2026 TIF Charges DICW Land Sales Hotel/Motel Tax Property Tax Support Farmland Rent Miscellaneous 0 2,500,000 5,000,000 7,500,000 10,000,000 The Economic Development Department is supported by 4.75 full-time equivalent employees. Expenditures by Category by Fiscal Year $471,762 $2,835,584 $3,133,657 $727 $— $2,989,624 $471,013 $2,997,372 $2,880,121 $— $— $3,412,514 $598,082 $3,129,190 $4,816,820 $4,991 $— $4,200,241 FY 2024 FY 2025 FY 2026 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 Employee Expense Supplies and Services TIF Rebates Machinery and Equipment Administrative Recharge Debt Service 69 Page 941 of 1094 ECONOMIC DEVELOPMENT Administration Mission & Services Economic Development provides tools for developers to contribute to the redevelopment of Dubuque's downtown through building improvements. We also have incentive programs to facilitate the attraction and expansion of businesses within the City. These efforts contribute to a Robust Local Economy and a Vibrant Community - an Equitable Community of Choice. Administration Funding Summary FY 2024 Actual FY 2025 Budget FY 2026 Recomm'd Expenditures 8,935,641 9,284,064 12,268,483 Resources 3,418,753 3,836,656 4,133,048 Administration Position Summary FY 2026 Economic Development Director 1.00 Assistant Economic Development Director 1.00 Confidential Account Clerk 0.50 Intern 0.25 Total FT Equivalent Employees 2.75 Performance Measures City Council Goal: Robust Local Economy: Diverse Businesses and Jobs and Economic Prosperity Performance Measure (KPI)Target FY 23 Actual FY 24 Actual FY 25 Estimated Performance Indicator 1 Department Objective: Expand equitable job opportunities # New Jobs Committed Through Incentives 30 48 30 30 Goal Met # of Participants Graduating from Workforce Development Programming 80 80 189 100 Goal Met 2 Department Objective: Attract and retain residents by offering attractive and interesting housing options. # of Projects Assisted with Rehab Grants 6 6 6 8 Goal Met # of Housing Units Created 50 118 455 286 Goal Met 3 Department Objective: Increase revenue by expanding the economic tax base, leveraging private investment, and increasing property values. Private Sector Investments as a Result of City Agreements $38 M $42 M $129 M $50 M Goal Met Increase in Overall Property Values in TIF Districts $365 M $500 M $443 M $450 M Goal Met 70 Page 942 of 1094 ECONOMIC DEVELOPMENT Arts & Cultural Affairs Mission & Services The Office of Arts & Cultural Affairs, with support from the Arts and Cultural Affairs Advisory Commission, plays an essential role in cultivating a vibrant and equitable community of choice by dedicating time and securing resources to foster diverse, accessible, and inclusive creative and cultural programming throughout the community. We harness the power of creativity and culture in partnership and collaboration with nonprofits, businesses, and individuals to improve the quality of life for all residents of Dubuque, attract and retain a talented workforce, and create opportunities that lift up diverse voices and stories. Specifically, the Office of Arts & Cultural Affairs manages the annual Art on the River public art program, administers City grant programs to support arts, culture, and humanities- focused community engagement, and oversees the implementation of Dubuque's 2016 Arts and Culture Master Plan. Arts & Cultural Affairs Funding Summary FY 2024 Actual FY 2025 Budget FY 2026 Recomm'd Expenditures $ 495,713 $ 476,956 $ 480,841 Resources $ 97,179 $ — $ — Arts and Cultural Affairs Position Summary FY 2026 Arts & Cultural Affairs Manager 1.00 Total FT Equivalent Employees 1.00 71 Page 943 of 1094 Performance Measures City Council Goal: Diverse Arts, Culture, Parks & Recreation: Experiences & Activities Performance Measure (KPI)Target FY 23 Actual FY 24 Actual FY 25 Estimated Performance Indicator 1 Activity Objective: Cultivate equitable access to arts and cultural experiences that prioritize representation and engagement of diverse audiences. Level of funding need met 75%74%79%73%Goal Not Met # successful applicants 36 36 26 36 Goal Met 2 Activity Objective: Expand income-generating opportunities in the arts, culture, and creative sector. % increase from prior year in employment opportunities supported by arts grantees 0.02 N/A N/A 0.02 Goal Met City Council Goal: Partnership for a Better Dubuque: Building Our Community that is Viable, Livable, and Equitable 3 Activity Objective: Leverage public resources through the Arts & Culture Special Projects program to increase private and other investment in fostering arts and cultural activities and programs. Amount of private, other-pledged, matching City funds for art grantee projects (cash / in-kind) $35,000 $201,970 $31,124 $35,000 Goal Met 72 Page 944 of 1094 100 - General 4A - Charges for Services 41360 - Public Right-of-Way Permit 0 0 0 0 41900 - Miscellaneous Licenses 0 0 0 0 43100 - Leases - Building/Land 0 0 0 0 43125 - Lease - Farmland (123,984) (115,430) (57,060) (47,034) 45245 - Dbq Initiative (24,725) (30,138) (27,781) (38,808) 45440 - Events 0 0 0 0 47100 - Reimbursements (1,260) (6,479) (151) 0 47150 - Refunds 0 0 0 0 4A - Charges for Services Total (149,969) (152,046) (84,992) (85,842) 4B - Grants/Contrib 44000 - Federal Grants (477,674) (22,326) 0 0 44400 - State Grants (10,000) (60,000) 0 0 47050 - Contrib - Private Sources (59,329) (1,375) 0 0 4B - Grants/Contrib Total (547,003) (83,701) 0 0 4M - Gain on Disposal 48000 - Sale of Real Property 0 0 0 0 48100 - Sale of Personal Property (14,776) (7,000) 0 0 4M - Gain on Disposal Total (14,776) (7,000) 0 0 4N - Transfers 49125 - Transfer in DICW TIF (326,994) (273,457) (329,150) (329,150) 49126 - Transfer in GDTIF (5,513) (10,104) (10,000) (69,025) 49131 - Transfer in South Pointe TIF 0 0 0 (9,078) 4N - Transfers Total (332,507) (283,561) (339,150) (407,253) 4O - Eliminated for GW 47115 - Sales Tax Collection (2,023) 0 0 0 4O - Eliminated for GW Total (2,023) 0 0 0 200 - Debt Service 4A - Charges for Services 43015 - Prinicipal - Loans (213,174) (219,674) (226,314) (219,674) 4A - Charges for Services Total (213,174) (219,674) (226,314) (219,674) 4K - Unrest Invest Earn 43010 - Interest - Loans (87,601) (81,170) (74,530) (81,170) 4K - Unrest Invest Earn Total (87,601) (81,170) (74,530) (81,170) Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Revenue FY24 Actual Revenue FY25 Adopted Budget FY26 Recomm'd Budget 73 Page 945 of 1094 4N - Transfers 49100 - Transfer In General Fund 0 0 0 0 49125 - Transfer in DICW TIF (892,807) (872,938) (1,083,345) (920,824) 49126 - Transfer in GDTIF (1,709,101) (1,815,843) (2,028,325) (2,418,285) 4N - Transfers Total (2,601,909) (2,688,781) (3,111,670) (3,339,109) 4O - Eliminated for GW 48200 - Proceeds from GO Debt 0 0 0 0 48205 - Bond Discount/Premium 0 0 0 0 4O - Eliminated for GW Total 0 0 0 0 ECONOMIC DEVELOPMENT - Total (3,948,961) (3,515,932) (3,836,656) (4,133,048) Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Revenue FY24 Actual Revenue FY25 Adopted Budget FY26 Recomm'd Budget 74 Page 946 of 1094 6A - Salaries & Wages 100 - General 60100 - Salaries-Regular Full Time 266,365 326,993 331,510 424,974 60200 - Salaries - Regular Part Time 50,041 21,947 26,846 30,079 60300 - Hourly Wages - Temp/Seasonal 9,284 8,413 10,067 8,878 60400 - Overtime 0 0 0 0 60635 - Special Pay Sick Lv Payout 50% 0 0 0 0 60640 - Special Pay - Vacation Payout 3,531 0 0 0 60760 - Spec Pay - Moving Allowance 0 11,547 0 0 6A - Salaries & Wages Total 329,221 368,901 368,423 463,931 6B - Employee Benefits 100 - General 61100 - FICA - City Contribution 24,383 27,213 27,449 35,524 61300 - IPERS - City Contribution 30,600 33,688 33,869 43,796 61510 - Health Insurance 40,269 41,034 40,269 53,692 61540 - Life Insurance 132 138 138 184 61600 - Workers' Compensation 749 789 865 955 61992 - Physicals 0 0 0 0 6B - Employee Benefits Total 96,132 102,862 102,590 134,151 6C - Staff Development 100 - General 62100 - Association Dues 30 0 31 0 62200 - Subscriptions 992 0 1,012 0 62325 - Mileage 402 48 846 0 62400 - Meetings & Conferences 35,993 33,571 55,880 45,705 62500 - Education Reimbursement 1,350 198 2,595 2,595 6C - Staff Development Total 38,768 33,816 60,364 48,300 6D - Repair/Maint/Util 100 - General 63100 - Building Maintenance 0 0 0 0 63730 - Telecommunications 2,638 2,306 3,362 3,657 63742 - Stormwater 134 148 150 156 6D - Repair/Maint/Util Total 2,772 2,454 3,512 3,813 6E - Contractual Svcs 100 - General Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Expense FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 75 Page 947 of 1094 64020 - Advertising 3,066 2,534 2,522 2,534 64050 - Recording Fees 786 1,626 3,108 1,626 64062 - Refunds 0 0 0 0 64070 - Engineering - Outsourced 0 0 1,000 1,000 64080 - Insurance - Property 16,539 0 0 0 64081 - Insurance - Liability 2,409 2,509 3,215 2,988 64110 - Legal 5,425 13,864 4,500 6,451 64115 - Special Events 475 52 3,600 42,014 64130 - Payments to Other Agencies 48,592 93,659 45,650 45,650 64135 - Grants 769,189 260,000 250,000 250,000 64140 - Printing 1,077 2,123 1,099 2,186 64145 - Copying 432 152 432 152 64160 - Rental - Land/Bldgs/Parking 495 965 702 965 64180 - Sales Tax Expense 0 0 0 0 64182 - Property Tax 1,463 0 1,492 0 64190 - Technology Services 37,674 51,773 40,506 2,332 64191 - IT Recharges 22,592 22,985 23,544 23,575 64850 - Consulting Engineers 0 0 0 0 64900 - Other Professional Service 88,263 11,554 30,500 30,500 64980 - Technology Equip Maint Cont 0 0 0 0 64987 - Lawn Care Contract 0 0 0 0 64990 - Other Contractual Service 2,096,361 2,364,633 2,519,541 2,661,960 125 - TIF Dubuque Industrial Ctr 64130 - Payments to Other Agencies 1,340,428 1,465,149 1,459,748 2,610,263 126 - TIF Downtown 64130 - Payments to Other Agencies 1,170,839 1,578,089 1,299,741 2,021,616 127 - TIF Technology Park 64130 - Payments to Other Agencies 0 36,464 39,073 47,176 128 - TIF Lake Ridge 64130 - Payments to Other Agencies 19,341 19,360 19,360 0 129 - TIF N Cascade Housing 64130 - Payments to Other Agencies 0 0 0 1,674 130 - TIF English Ridge 64130 - Payments to Other Agencies 0 0 0 23,448 131 - TIF South Pointe 64130 - Payments to Other Agencies 0 0 31,373 31,373 Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Expense FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 76 Page 948 of 1094 132 - TIF Rustic Point 64130 - Payments to Other Agencies 0 0 30,826 67,164 134 - TIF N Grandview 64130 - Payments to Other Agencies 0 0 0 1,673 200 - Debt Service 64110 - Legal 0 0 0 0 64900 - Other Professional Service 0 0 0 0 6E - Contractual Svcs Total 5,625,447 5,927,490 5,811,532 7,878,320 6F - Commodities 100 - General 65030 - Merchandise for Resale 0 0 0 0 65045 - Technology Equipment 3,893 727 0 4,991 65060 - Office Supplies 1,127 3,924 490 108 65080 - Postage/Shipping 91 31 95 33 65110 - Signage 0 1,503 0 1,503 65935 - Employee Recognition 286 22 1,500 1,500 6F - Commodities Total 5,397 6,207 2,085 8,135 6G - Capital Outlay 100 - General 67210 - Furniture/Fixtures 0 0 0 0 67300 - Land 0 0 0 0 67990 - Other Capital Outlay 0 0 0 0 6G - Capital Outlay Total 0 0 0 0 6H - Debt Service 200 - Debt Service 68010 - Principal Payment 2,036,280 2,104,103 2,430,979 2,530,274 68020 - Interest Payments 866,404 885,521 981,535 1,669,967 68980 - Financial Consultant 0 0 0 0 68990 - Paying Agent Fees 0 0 0 0 6H - Debt Service Total 2,902,684 2,989,624 3,412,514 4,200,241 6I - Transfers 125 - TIF Dubuque Industrial Ctr 69125 - Transfers Out To DICW 0 0 0 0 6I - Transfers Total 0 0 0 0 ECONOMIC DEVELOPMENT - Total 9,000,421 9,431,355 9,761,020 12,736,891 Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Expense FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 77 Page 949 of 1094 6001 - Administration 100 - General 6A - Salaries & Wages 268,855 276,831 308,367 6B - Employee Benefits 73,244 73,307 86,407 6C - Staff Development 32,869 52,901 41,940 6D - Repair/Maint/Util 1,659 2,569 2,504 6E - Contractual Svcs 2,421,945 2,569,561 2,711,287 6F - Commodities 176 1,610 2,784 6G - Capital Outlay ——— 6001 - Administration Total 2,798,747 2,976,779 3,153,289 6002 - Arts and Cultural Affairs 100 - General 6A - Salaries & Wages 100,045 91,592 94,051 6B - Employee Benefits 29,618 29,283 29,757 6C - Staff Development 948 7,463 6,360 6D - Repair/Maint/Util 647 793 793 6E - Contractual Svcs 358,425 347,350 347,972 6F - Commodities 6,031 475 1,908 6G - Capital Outlay ——— 6002 - Arts and Cultural Affairs Total 495,713 476,956 480,841 6003 - Economic Development 100 - General 6A - Salaries & Wages ——61,513 6B - Employee Benefits ——17,987 6D - Repair/Maint/Util 148 150 516 6E - Contractual Svcs 48,060 14,500 14,674 6F - Commodities ——3,443 125 - TIF Dubuque Industrial Ctr 6E - Contractual Svcs 1,465,149 1,459,748 2,610,263 6I - Transfers ——— 126 - TIF Downtown 6E - Contractual Svcs 1,578,089 1,299,741 2,021,616 127 - TIF Technology Park 6E - Contractual Svcs 36,464 39,073 47,176 128 - TIF Lake Ridge Recommended Expenditure Budget Report by Activity & Funding Source 60 - ECONOMIC DEVELOPMENT Fund/Activity FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 78 Page 950 of 1094 6E - Contractual Svcs 19,360 19,360 — 129 - TIF N Cascade Housing 6E - Contractual Svcs ——1,674 130 - TIF English Ridge 6E - Contractual Svcs ——23,448 131 - TIF South Pointe 6E - Contractual Svcs —31,373 31,373 132 - TIF Rustic Point 6E - Contractual Svcs —30,826 67,164 134 - TIF N Grandview 6E - Contractual Svcs ——1,673 6003 - Economic Development Total 3,147,269 2,894,771 4,902,520 6080 - Debt Service 200 - Debt Service 6E - Contractual Svcs ——— 6H - Debt Service 2,989,624 3,412,514 4,200,241 6080 - Debt Service Total 2,989,624 3,412,514 4,200,241 6099 - Pcard Clearing 100 - General 6F - Commodities ——— 6099 - Pcard Clearing Total 0 0 0 ECONOMIC DEVELOPMENT TOTAL 9,431,355 9,761,020 12,736,891 Recommended Expenditure Budget Report by Activity & Funding Source 60 - ECONOMIC DEVELOPMENT Fund/Activity FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 79 Page 951 of 1094 C I T Y O F D U B U Q U E , I O W A DEPARTMENT DETAIL - PERSONNEL COMPLEMENT 60 ECONOMIC DEVEL DEPT FY 2026 FD JC WP-GR JOB CLASS FTE BUDGET 60100 Full Time Employee Expense 100 1765 GE-20 ECONOMIC DEVELOP DIRECTOR 1.00 $ 159,329 100 1755 GE-15 ASST ECONOMIC DEVELOP DIRECTOR 1.00 $ 110,081 100 — GE-11 FINANCIAL/PROJECT SPEC 1.00 $ 61,513 100 1555 GE-12 ARTS & CULTURAL AFFAIRS MANAGER 1.00 $ 94,051 TOTAL FULL TIME EMPLOYEES 4.00 $ 424,974 60200 Part Time Employee Expense 100 5005 GE-07 ADMIN SUPPORT PROF 0.50 $ 30,079 TOTAL PART TIME EMPLOYEES 0.50 $ 30,079 60300 Seasonal Employee Expense 100 6005 GE-03 ECONOMIC DEVELOP INTERN 0.25 $ 8,878 TOTAL SEASONAL EMPLOYEES 0.25 $ 8,878 TOTAL ECONOMIC DEVEL DEPT 4.75 $ 463,931 80 Page 952 of 1094 CITY OF DUBUQUE, IOWA ACTIVITY PERSONNEL COMPLEMENT SUMMARY FY 2026 ACC T FD JC WP- GR POSITION CLASS FTE BUDGET Economic Development-FT General Fund 6001 60100 100 1765 GE-20 ECONOMIC DEVELOP DIRECTOR 1.00 $ 159,329 6001 60100 100 GE-11 FINANCIAL/PROJECT SPEC 0.25 $ 15,378 6001 60100 100 1755 GE-15 ASST ECONOMIC DEVELOP DIRECTOR 1.00 $ 110,081 Total 2.25 $ 284,788 Economic Development-FT TIF Funds 6003 60100 100 GE-11 FINANCIAL/PROJECT SPEC 0.75 $ 46,135 Total 0.75 $ 46,135 Economic Development-PT General Fund 6001 60200 100 5005 GE-07 ADMIN SUPPORT PROF 0.50 $ 30,079 Total 0.50 $ 30,079 Economic Development-Seasonal General Fund 6001 60300 100 6005 GE-03 ECONOMIC DEVELOP INTERN 0.25 $ 8,878 Total 0.25 $ 8,878 Arts and Cultural Affairs - FT General Fund 6002 60100 100 1555 GE-12 ARTS & CULTURAL AFFAIRS MANAGER 1.00 $ 94,051 Total 1.00 $ 94,051 TOTAL ECONOMIC DEV. DEPT 4.75 $ 463,931 81 Page 953 of 1094 Capital Improvement Projects by Department/Division ECONOMIC DEVELOPMENT Project Number Capital Improvement Project Title Department Fund Account FY26 Recomm'd Budget 6052000001 Workforce Development Economic Development 305 64130 371,500 6052000002 Dowtown Rehab Grant Program Economic Development 305 64135 200,000 6052000004 DT Housing Creation Grant Economic Development 305 64135 750,000 6052000009 Central Ave Housing Loan Economic Development 305 64134 150,000 6052000032 Small Business Grant Administration Economic Development 305 64135 12,000 6052000034 Central Avenue Alley Lighting Progr Economic Development 305 64135 20,000 ECONOMIC DEVELOPMENT TOTAL $1,503,500 PRGRM/ DEPT PROJECT DESCRIPTION FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 TOTAL PAGE ECONOMIC DEVELOPMENT Community and Economic Development Greater Downtown Housing Creation Grant Program $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 3,750,000 259 Small Business Grant Administration $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 60,000 260 Workforce Development $ 371,500 $ 371,500 $ 371,500 $ 371,500 $ 371,500 $ 1,857,500 261 Downtown Rehab Grant Program $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 1,000,000 262 Central Avenue Housing Forgivable Loan $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 750,000 263 Central Avenue Alley Lighting Program $ 20,000 $ 20,000 $ — $ — $ — $ 40,000 264 TOTAL $ 1,503,500 $ 1,503,500 $ 1,483,500 $ 1,483,500 $ 1,483,500 $ 7,457,500 82 Page 954 of 1094 Economic Development 62 Page 955 of 1094 This page intentionally left blank. 63 Page 956 of 1094 ECONOMIC DEVELOPMENT DEPARTMENT Budget Highlights FY 2024 Actual FY 2025 Budget FY 2026 Requested % Change From FY 2025 Budget Expenses Employee Expense $ 471,762 $ 471,013 $ 598,082 27.0 % Supplies and Services $ 2,835,584 $ 2,997,372 $ 3,129,190 4.4 % TIF Rebate Payments $ 3,133,657 $ 2,880,121 $ 4,816,820 67.2 % Equipment $ 727 $ — $ 4,991 0.0 % Subtotal $ 6,441,730 $ 6,348,506 $ 8,549,083 34.7 % Debt Service $ 2,989,624 $ 3,412,514 $ 4,200,241 23.1 % Total $ 9,431,354 $ 9,761,020 $ 12,749,324 30.6 % Resources TIF Charges $ 6,088,686 $ 6,292,635 $ 9,017,061 43.3 % UDAG Charges $ — $ — $ — 0.0 % TIF Land Sales/Reimbursements $ 283,561 $ 339,150 $ 398,175 17.4 % Hotel/Motel Tax (50%)$ 1,446,631 $ 1,617,272 $ 1,759,691 8.8 % Federal Grant $ 22,326 $ — $ — 0.0 % Farmland Rent $ 115,430 $ 57,060 $ 47,034 -17.6 % Miscellaneous Revenue $ 104,991 $ 27,932 $ 38,808 38.9 % Total $ 8,061,625 $ 8,334,049 $ 11,260,769 35.1 % Property Tax Support $ 1,369,729 $ 1,426,971 $ 1,488,555 61,584 Percent Increase (Decrease) 4.3 % Personnel - Authorized FTE 3.75 3.75 4.75 Improvement Package Summary 1 of 4 This improvement package request is for funding to create a new Economic Development Project Coordinator position (1.00 FTE, G-30). Increased community projects require coordination from dedicated staff in order to be implemented. This position will support work from multiple departments and further the work recommended by several recent master plans. The position will plan, organize, monitor, manage, and evaluate economic development project activities including, but not limited to, Chaplain Schmitt Island Development Plan implementation, Historic Millwork District Master Plan implementation, and EPA Brownfields grant administration; lead and manage project teams that involve in-house staff, various City departments, consultants, private sector partners, and other stakeholders; and manage and administer leases and use agreements, grants, and public/private partnership projects. 64 Page 957 of 1094 This work aligns with multiple areas of town identified in City Council goals/priorities. This request helps support the City Council Financially Responsible, High-Performance City Organization: Sustainable, Equitable and Effective Service Delivery. Related Cost:$ 82,486 Tax Funds Recurring Recommend - No Related Cost:$ 4,590 Tax Funds Non-Recurring Net Property Tax Cost:$ 87,076 Property Tax Impact:$ 0.0294 0.29% Activity: Administration 2 of 4 This improvement package request is for funding to create a new Economic Development Financial and Project Specialist position (1.00 FTE, GE-31). This position will be responsible for projecting Tax Increment Financing (TIF) revenue, preparing compliance reporting, managing rebate payments, and assisting with budget projections related to TIF in collaboration with the Finance Department and City Attorney’s Office. This position is critical to ensuring the fiscal integrity of economic development projects and funding mechanisms. This position will develop, maintain, and analyze models to project TIF revenue, incorporating historical data, market trends, and economic conditions; prepare and submit TIF compliance reports; oversee TIF rebate payments; prepare budget projections related to TIF revenues and expenditures; and provide analysis and reports to support informed decisions on TIF fund allocation and economic development financing. This request helps support the City Council Financially Responsible, High-Performance City Organization: Sustainable, Equitable and Effective Service Delivery. Related Cost:$ 86,215 Tax Funds Recurring Recommend - Yes Related Cost:$ 4,590 Tax Funds Non-Recurring Net Property Tax Cost:$ 90,805 Property Tax Impact:$ 0.0307 0.31% Activity: Administration 3 of 4 This improvement package request is for an increase in the stipend paid to artists who are chosen to display sculptures on the riverfront. Raising the stipend will directly affect the ability of artists to secure materials, resulting in an increased number of diverse and minority artist participants. This request supports the City Council goal of "Diverse Arts, Culture, Parks, and Recreation: Experiences and Activities" by making the process more equitable and opening the exhibit to a more diverse audience. Related Cost:$ 2,200 Tax Funds Recurring Recommend - No Net Property Tax Cost:$ 2,200 Property Tax Impact:$ 0.0007 0.01% Activity: Arts and Cultural Affairs 4 of 4 This improvement package request is for the purchase of additional printing costs for the Art on the River brochures and translation services. This includes translation from English to Spanish and Marshallese for both the brochures as well as the Otocast recordings with the intent to be more inclusive of Dubuque’s diverse population. This addition fits into the following goals of the City’s Arts & 65 Page 958 of 1094 Culture Master Plan and supports the City Council goal of "Diverse Arts, Culture, Parks, and Recreation: Experiences and Activities" by creating more opportunities for diverse communities to cultivate a deeper understanding and connection to the work, the artist and the community. Related Cost:$ 1,454 Tax Funds Recurring Recommend - No Net Property Tax Cost:$ 1,454 Property Tax Impact:$ 0.0005 —% Activity: Arts and Cultural Affairs Significant Line Items Employee Expense 1.FY 2026 employee expense reflects a 3.00% wage package increase. 2.The Iowa Public Employee Retirement System (IPERS) City contribution of 9.44% is unchanged from FY 2025. The employee contribution of 6.29% is unchanged from FY 2025. 3.The City portion of health insurance expense is unchanged from $1,119 in FY 2025 to $1,119 in FY 2026 per month, per contract, which results in an annual cost unchanged of $0 or 0%. Supplies and Services 4.Payments to Other Agencies provide for TIF-backed economic development grants. Rebate payments count against the City’s statutory debt limit unless there is a non-appropriation clause approved in the development agreement and in that case, only the current annual payment counts against the City’s statutory debt limit. The City began using non-appropriation clauses in development agreements beginning in January 2013. The grant estimates totaling $2,021,616 in FY 2026 in the Greater Downtown TIF district are to: Rousselot, Inc.$ 20,531 Last payment FY 2025 Hotel Julien $ 264,175 Last Payment FY 2026 253 Main St.$ 3,082 Last payment FY 2027 Barker Financial $ 13,545 Last payment FY 2027 44 Main $ 79,281 Last payment FY 2027 Spahn and Rose $ 119,222 Last payment FY 2027 Franklin Investment $ 20,879 Last payment FY 2028 Caradco (Schmid Innovation Center)$ 129,558 Last payment FY 2028 Bonson Block $ 9,589 Last payment FY 2028 Plastic Center $ 6,747 Last payment FY 2028 Roshek Building $ 388,088 Last payment FY 2030 Linseed Oil Paintworks $ 16,905 Last payment FY 2030 Metx $ 178,160 Last payment FY 2031 Novelty Iron Works $ 196,926 Last payment FY 2031 Greater Downtown TIF Rebate Payments 66 Page 959 of 1094 Marquette Hall, LLC $ 4,960 Last payment FY 2031 Three Amigos , LLC $ 6,752 Last payment FY 2031 210 Jones, LLC $ 24,525 Last payment FY 2031 Prairie Farms Dairy, Inc.$ 12,196 Last payment FY 2031 Dupaco Community Credit Union $ 173,225 Last payment FY 2035 Klauer $ 104,380 Last Payment FY 2035 McCoy Group $ 248,890 Last Payment FY 2035 Total $ 2,021,616 Greater Downtown TIF Rebate Payments The grant estimates totaling $2,610,263 in FY 2026 in the Dubuque Industrial Center West TIF district are to: Dubuque Industrial Center TIF Rebate Payments Hormel Foods $ 259,320 Last payment FY 2026 Tri-State Quality Metals LLC $ 75,164 Last payment FY 2026 Roasting Solutions $ 69,586 Last payment FY 2028 Rite Hite $ 140,629 Last payment FY 2029 Simmons Pet Food $ 476,354 Last payment FY 2030 Medline $ 397,349 Last Payment FY 2031 Giese $ 55,171 Last payment FY 2033 Green Industrial $ 155,273 Last payment FY 2034 Dubuque Screw $ 19,728 Last payment FY 2035 Geisler Brothers $ 1,291 Last payment FY 2035 Hodge - Duluth Trading $ 518,208 Last payment FY 2035 Seippel Warehouse LLC $ 442,190 Last payment FY 2036 Total $ 2,610,263 The grant estimates totaling $47,176 in FY 2026 in Tech Park TIF district are to: Technology Park TIF Rebate Payments Rockfarm Holding Corp $ 47,176 Last payment FY 2027 Total $ 47,176 The grant estimates totaling $5,766 in FY 2026 in John F Kennedy Road TIF district are to: John F Kennedy Road TIF Rebate Payments Switch Development 5,766 Last payment FY 2036 Total $ 5,766 The grant estimates in FY 2026 in the North Cascade Road Housing TIF district: 67 Page 960 of 1094 $1,674 will be generated for public improvements and $— for low and moderate-income projects (last payment in 2027). The grant estimates in FY 2026 in the English Ridge Housing TIF district: $93,791 will be generated for public improvements and $57,729 for low and moderate-income projects. The grant estimates in FY 2026 in the South Pointe Housing TIF district: Dubuque South Pointe LLC $31,373 (last payment in 2030). In addition, $69,562 will be generated for public improvements and $35,736 for low and moderate-income projects. The grant estimates in FY 2026 in the Rustic Point Housing TIF district: Derby Grange LLC $67,164 (last payment in 2030). In addition, $268,654 will be generated for public improvements and $67,164 for low and moderate-income projects. 5.Meetings and Conferences decreased from $55,880 in FY 2025 to $45,705 in FY 2026. This line item represents the budget for Federal Initiatives ($24,000), the Growing Sustainable Communities Conference ($825), the ICMA ($2,700), the IEDC ($3,000), Iowa Downtown Conference ($800), the Pro Developers of Iowa Conference ($670), the Women Lead Change Conference ($400), the Americans for the Arts Conference ($3,000), the Iowa Women's Leadership Conference ($410), the Iowa Arts Summit ($600), the Creative Placemaking Leadership Summit ($1,800), Brownfields Conference ($2,500), TLG Alliance for Innovation ($2,500), and an additional ($2,500) for any additional meeting or conference opportunities as they arise. 6.Programming is unchanged from $38,414 in FY 2025 to $38,414 in FY 2026. This line item represents Art on the River. Art on the River has been a mainstay of the community for over 20 years. It remains one of the only public art endeavors that the City has initiated and is publicly accessible. It provides exhibition opportunities for local and regional artists and has become a popular/competitive exhibition space. It has been a model upon which other cities have built their public art programs and attracts at least 10,000 visitors to the Mississippi River Walk annually and remains a well-loved recreational space for residents as well. It has also been repeatedly featured in every local publication and in Travel Dubuque promotional materials. 7.Other Administrative Contractual Services increased from $2,519,203 in FY 2025 to $2,661,622 in FY 2026 based on FY 2025 budget. Half of the hotel/motel tax is paid to Travel Dubuque. The following service agreements are budgeted in Economic Development in FY 2026: Travel Dubuque $ 1,617,272 $ 1,759,691 $ 142,419 9 % Dubuque Area Labor Management Council 35,000 35,000 — — % Dubuque Main Street 96,211 96,211 — — % Dubuque Winter Farmers Market 15,000 15,000 — — % Contracted Services Agency FY 2025 FY 2026 Change % 68 Page 961 of 1094 Fountain of Youth 63,000 63,000 — — % Dubuque Dream Center 63,000 63,000 — — % Greater Dubuque Development Corporation 456,500 456,500 — — % Prosperity Eastern Iowa 5,085 5,085 — — % GDDC Access Dubuque 8,135 8,135 — — % Envision Dubuque 75,000 75,000 — — % Project Hope 85,000 85,000 — — % Total $ 2,519,203 $ 2,661,622 $ 142,419 5.35 % Contracted Services Agency FY 2025 FY 2026 Change % These contracted services for Economic Development are expenses that the City would have within its organization regardless of who provides the services. Debt Service 8.The FY 2026 annual debt service includes ($4,559,166): $ 35,648 G.O. 2011B DICW S. Siegert 2026 2026 $ 129,400 G.O. 2017A DICW N. Siegert 2029 2025 $ 211,705 G.O. 2017A GDTIF Housing Incentives 2030 2025 $ 197,300 G.O. 2017A GDTIF Millwork Parking 2030 2025 $ 300,844 IFA loan GDTIF Caradco 2030 $ 254,553 G.O. 2021B DICW S. Siegert 2031 2028 $ 50,586 G.O. 2021B GDTIF Washington Neighborhood 2031 2028 $ 96,500 G.O. 2021B DICW Land Acquisition 2031 2028 $ 12,300 G.O. 2021B GDTIF DT Loan Pool 2031 2028 $ 112,300 G.O. Series 2021B GDTIF DT Parking Ramp & Docks 2031 2028 $ 32,347 G.O. 2019C DICW S. Siegert 2032 2026 $ 50,000 Lease Buyout GDTIF Bowling & Beyond 2032 $ 355,693 G.O. 2021A GDTIF 1-Way to 2-Way (9th & 11th St) 2034 2028 $ 472,700 G.O. 2021A GDTIF Intermodal 2034 2028 $ 128,137 G.O. 2021A GDTIF Bus Storage/Bluff Restrooms 2034 2028 $ 9,763 G.O. 2021A DICW Land Acquisition 2034 2028 $ 40,700 G.O. Series 2021A GDTIF Jackson Park & Clock Tower 2034 2028 $ 81,900 G.O. Series 2021A DICW Chavenelle Road 2034 2028 $ 113,850 G.O. 2019A GDTIF Colts Building Renovation 2039 2026 $ 89,933 FY23 Planned GDTIF Smart Parking 2041 $ 79,853 G.O. 2022 GDTIF Downtown Parking Ramp 2042 2029 $ 60,468 G.O. 2022 GDTIF Docks/Prop Acq 2042 2029 $ 280,713 G.O. 2022B DICW 2022B DICW Webber 2042 2029 $ 138,759 FY25 Planned DICW McFadden Property 2045 Amount Debt Series Source Purpose Final Payment Call Date 69 Page 962 of 1094 $ 21,004 FY25 Planned GDTIF Ramp Major Mnt 2045 $ 94,442 FY25 Planned GDTIF Smart Parking 2045 $ 34,770 FY25 Planned GDTIF ABC Supply Building 2045 $ 249,933 FY25 Planned GDTIF Chaplain Schmitt Island Amphitheater 2045 $ 40,552 FY25 Planned GDTIF Federal Building Renovation 2045 $ 173,087 FY25 Planned DICW Development of McFadden 2045 $ 148,895 FY25 Planned GDTIF Smart Parking 2045 $ 460,531 FY25 Planned GDTIF Ramp Major Maintenance 2045 $ 4,559,166 Total Economic Development Annual Debt Service Amount Debt Series Source Purpose Final Payment Call Date In addition, Greater Downtown TIF will transfer to the Debt Service fund as reflected in other departmental budgets ($2,694,475): Port of Dubuque Parking Ramp ($2,012,375) and the Intermodal Facility ($400,000). The Port of Dubuque Parking Ramp debt is reimbursed by the Diamond Jo through a minimum assessment agreement and an annual shortfall payment. Revenue 9.The payment from Dubuque Initiatives for processing of payments has increased from $27,781 in FY 2025 to $38,808 in FY 2026 based on the agreement in place. FY 2024 Actual was $30,138. This line item represents payments made by Dubuque Initiatives for contracted services performed by City staff. 10.Farmland Rent decreased from $57,060 in FY 2025 to $47,034 in FY 2026 based on lease agreement terms. This line item represents rent of farmland in Dubuque Industrial Center West that remains acquired but not yet developed. 70 Page 963 of 1094 ECONOMIC DEVELOPMENT Economic Development formulates and implements strategies which retain and create jobs, enhance the tax base, stabilize the local economic base and encourage economic self-sufficiency, working primarily in the areas of downtown, Historic Millwork District, and riverfront and industrial park development – thus improving the community’s overall quality of life. SUCCESS IS ABOUT PLANNING, PARTNERSHIPS AND PEOPLE LEADING TO OUTCOMES 71 Page 964 of 1094 ECONOMIC DEVELOPMENT FY 2024 FY 2025 FY 2026 Full-Time Equivalent 3.75 3.75 4.75 Resources and Property Tax Support FY 2024 FY 2025 FY 2026 TIF Charges DICW Land Sales Hotel/Motel Tax Property Tax Support Farmland Rent Miscellaneous 0 2,500,000 5,000,000 7,500,000 10,000,000 The Economic Development Department is supported by 4.75 full-time equivalent employees. Expenditures by Category by Fiscal Year $471,762 $2,835,584 $3,133,657 $727 $— $2,989,624 $471,013 $2,997,372 $2,880,121 $— $— $3,412,514 $598,082 $3,129,190 $4,816,820 $4,991 $— $4,200,241 FY 2024 FY 2025 FY 2026 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 Employee Expense Supplies and Services TIF Rebates Machinery and Equipment Administrative Recharge Debt Service 72 Page 965 of 1094 ECONOMIC DEVELOPMENT Administration Mission & Services Economic Development provides tools for developers to contribute to the redevelopment of Dubuque's downtown through building improvements. We also have incentive programs to facilitate the attraction and expansion of businesses within the City. These efforts contribute to a Robust Local Economy and a Vibrant Community - an Equitable Community of Choice. Administration Funding Summary FY 2024 Actual FY 2025 Budget FY 2026 Recomm'd Expenditures 8,935,641 9,284,064 12,268,483 Resources 3,418,753 3,836,656 4,133,048 Administration Position Summary FY 2026 Economic Development Director 1.00 Assistant Economic Development Director 1.00 Confidential Account Clerk 0.50 Intern 0.25 Total FT Equivalent Employees 2.75 Performance Measures City Council Goal: Robust Local Economy: Diverse Businesses and Jobs and Economic Prosperity Performance Measure (KPI)Target FY 23 Actual FY 24 Actual FY 25 Estimated Performance Indicator 1 Department Objective: Expand equitable job opportunities # New Jobs Committed Through Incentives 30 48 30 30 Goal Met # of Participants Graduating from Workforce Development Programming 80 80 189 100 Goal Met 2 Department Objective: Attract and retain residents by offering attractive and interesting housing options. # of Projects Assisted with Rehab Grants 6 6 6 8 Goal Met # of Housing Units Created 50 118 455 286 Goal Met 3 Department Objective: Increase revenue by expanding the economic tax base, leveraging private investment, and increasing property values. Private Sector Investments as a Result of City Agreements $38 M $42 M $129 M $50 M Goal Met Increase in Overall Property Values in TIF Districts $365 M $500 M $443 M $450 M Goal Met 73 Page 966 of 1094 ECONOMIC DEVELOPMENT Arts & Cultural Affairs Mission & Services The Office of Arts & Cultural Affairs, with support from the Arts and Cultural Affairs Advisory Commission, plays an essential role in cultivating a vibrant and equitable community of choice by dedicating time and securing resources to foster diverse, accessible, and inclusive creative and cultural programming throughout the community. We harness the power of creativity and culture in partnership and collaboration with nonprofits, businesses, and individuals to improve the quality of life for all residents of Dubuque, attract and retain a talented workforce, and create opportunities that lift up diverse voices and stories. Specifically, the Office of Arts & Cultural Affairs manages the annual Art on the River public art program, administers City grant programs to support arts, culture, and humanities- focused community engagement, and oversees the implementation of Dubuque's 2016 Arts and Culture Master Plan. Arts & Cultural Affairs Funding Summary FY 2024 Actual FY 2025 Budget FY 2026 Recomm'd Expenditures $ 495,713 $ 476,956 $ 480,841 Resources $ 97,179 $ — $ — Arts and Cultural Affairs Position Summary FY 2026 Arts & Cultural Affairs Manager 1.00 Total FT Equivalent Employees 1.00 74 Page 967 of 1094 Performance Measures City Council Goal: Diverse Arts, Culture, Parks & Recreation: Experiences & Activities Performance Measure (KPI)Target FY 23 Actual FY 24 Actual FY 25 Estimated Performance Indicator 1 Activity Objective: Cultivate equitable access to arts and cultural experiences that prioritize representation and engagement of diverse audiences. Level of funding need met 75%74%79%73%Goal Not Met # successful applicants 36 36 26 36 Goal Met 2 Activity Objective: Expand income-generating opportunities in the arts, culture, and creative sector. % increase from prior year in employment opportunities supported by arts grantees 0.02 N/A N/A 0.02 Goal Met City Council Goal: Partnership for a Better Dubuque: Building Our Community that is Viable, Livable, and Equitable 3 Activity Objective: Leverage public resources through the Arts & Culture Special Projects program to increase private and other investment in fostering arts and cultural activities and programs. Amount of private, other-pledged, matching City funds for art grantee projects (cash / in-kind) $35,000 $201,970 $31,124 $35,000 Goal Met 75 Page 968 of 1094 100 - General 4A - Charges for Services 41360 - Public Right-of-Way Permit 0 0 0 0 41900 - Miscellaneous Licenses 0 0 0 0 43100 - Leases - Building/Land 0 0 0 0 43125 - Lease - Farmland (123,984) (115,430) (57,060) (47,034) 45245 - Dbq Initiative (24,725) (30,138) (27,781) (38,808) 45440 - Events 0 0 0 0 47100 - Reimbursements (1,260) (6,479) (151) 0 47150 - Refunds 0 0 0 0 4A - Charges for Services Total (149,969) (152,046) (84,992) (85,842) 4B - Grants/Contrib 44000 - Federal Grants (477,674) (22,326) 0 0 44400 - State Grants (10,000) (60,000) 0 0 47050 - Contrib - Private Sources (59,329) (1,375) 0 0 4B - Grants/Contrib Total (547,003) (83,701) 0 0 4M - Gain on Disposal 48000 - Sale of Real Property 0 0 0 0 48100 - Sale of Personal Property (14,776) (7,000) 0 0 4M - Gain on Disposal Total (14,776) (7,000) 0 0 4N - Transfers 49125 - Transfer in DICW TIF (326,994) (273,457) (329,150) (329,150) 49126 - Transfer in GDTIF (5,513) (10,104) (10,000) (69,025) 49131 - Transfer in South Pointe TIF 0 0 0 (9,078) 4N - Transfers Total (332,507) (283,561) (339,150) (407,253) 4O - Eliminated for GW 47115 - Sales Tax Collection (2,023) 0 0 0 4O - Eliminated for GW Total (2,023) 0 0 0 200 - Debt Service 4A - Charges for Services 43015 - Prinicipal - Loans (213,174) (219,674) (226,314) (219,674) 4A - Charges for Services Total (213,174) (219,674) (226,314) (219,674) 4K - Unrest Invest Earn 43010 - Interest - Loans (87,601) (81,170) (74,530) (81,170) 4K - Unrest Invest Earn Total (87,601) (81,170) (74,530) (81,170) Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Revenue FY24 Actual Revenue FY25 Adopted Budget FY26 Recomm'd Budget 76 Page 969 of 1094 4N - Transfers 49100 - Transfer In General Fund 0 0 0 0 49125 - Transfer in DICW TIF (892,807) (872,938) (1,083,345) (920,824) 49126 - Transfer in GDTIF (1,709,101) (1,815,843) (2,028,325) (2,418,285) 4N - Transfers Total (2,601,909) (2,688,781) (3,111,670) (3,339,109) 4O - Eliminated for GW 48200 - Proceeds from GO Debt 0 0 0 0 48205 - Bond Discount/Premium 0 0 0 0 4O - Eliminated for GW Total 0 0 0 0 ECONOMIC DEVELOPMENT - Total (3,948,961) (3,515,932) (3,836,656) (4,133,048) Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Revenue FY24 Actual Revenue FY25 Adopted Budget FY26 Recomm'd Budget 77 Page 970 of 1094 6A - Salaries & Wages 100 - General 60100 - Salaries-Regular Full Time 266,365 326,993 331,510 424,974 60200 - Salaries - Regular Part Time 50,041 21,947 26,846 30,079 60300 - Hourly Wages - Temp/Seasonal 9,284 8,413 10,067 8,878 60400 - Overtime 0 0 0 0 60635 - Special Pay Sick Lv Payout 50% 0 0 0 0 60640 - Special Pay - Vacation Payout 3,531 0 0 0 60760 - Spec Pay - Moving Allowance 0 11,547 0 0 6A - Salaries & Wages Total 329,221 368,901 368,423 463,931 6B - Employee Benefits 100 - General 61100 - FICA - City Contribution 24,383 27,213 27,449 35,524 61300 - IPERS - City Contribution 30,600 33,688 33,869 43,796 61510 - Health Insurance 40,269 41,034 40,269 53,692 61540 - Life Insurance 132 138 138 184 61600 - Workers' Compensation 749 789 865 955 61992 - Physicals 0 0 0 0 6B - Employee Benefits Total 96,132 102,862 102,590 134,151 6C - Staff Development 100 - General 62100 - Association Dues 30 0 31 0 62200 - Subscriptions 992 0 1,012 0 62325 - Mileage 402 48 846 0 62400 - Meetings & Conferences 35,993 33,571 55,880 45,705 62500 - Education Reimbursement 1,350 198 2,595 2,595 6C - Staff Development Total 38,768 33,816 60,364 48,300 6D - Repair/Maint/Util 100 - General 63100 - Building Maintenance 0 0 0 0 63730 - Telecommunications 2,638 2,306 3,362 3,657 63742 - Stormwater 134 148 150 156 6D - Repair/Maint/Util Total 2,772 2,454 3,512 3,813 6E - Contractual Svcs 100 - General Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Expense FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 78 Page 971 of 1094 64020 - Advertising 3,066 2,534 2,522 2,534 64050 - Recording Fees 786 1,626 3,108 1,626 64062 - Refunds 0 0 0 0 64070 - Engineering - Outsourced 0 0 1,000 1,000 64080 - Insurance - Property 16,539 0 0 0 64081 - Insurance - Liability 2,409 2,509 3,215 2,988 64110 - Legal 5,425 13,864 4,500 6,451 64115 - Special Events 475 52 3,600 42,014 64130 - Payments to Other Agencies 48,592 93,659 45,650 45,650 64135 - Grants 769,189 260,000 250,000 250,000 64140 - Printing 1,077 2,123 1,099 2,186 64145 - Copying 432 152 432 152 64160 - Rental - Land/Bldgs/Parking 495 965 702 965 64180 - Sales Tax Expense 0 0 0 0 64182 - Property Tax 1,463 0 1,492 0 64190 - Technology Services 37,674 51,773 40,506 2,332 64191 - IT Recharges 22,592 22,985 23,544 23,575 64850 - Consulting Engineers 0 0 0 0 64900 - Other Professional Service 88,263 11,554 30,500 30,500 64980 - Technology Equip Maint Cont 0 0 0 0 64987 - Lawn Care Contract 0 0 0 0 64990 - Other Contractual Service 2,096,361 2,364,633 2,519,541 2,661,960 125 - TIF Dubuque Industrial Ctr 64130 - Payments to Other Agencies 1,340,428 1,465,149 1,459,748 2,610,263 126 - TIF Downtown 64130 - Payments to Other Agencies 1,170,839 1,578,089 1,299,741 2,021,616 127 - TIF Technology Park 64130 - Payments to Other Agencies 0 36,464 39,073 47,176 128 - TIF Lake Ridge 64130 - Payments to Other Agencies 19,341 19,360 19,360 0 129 - TIF N Cascade Housing 64130 - Payments to Other Agencies 0 0 0 1,674 130 - TIF English Ridge 64130 - Payments to Other Agencies 0 0 0 23,448 131 - TIF South Pointe 64130 - Payments to Other Agencies 0 0 31,373 31,373 Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Expense FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 79 Page 972 of 1094 132 - TIF Rustic Point 64130 - Payments to Other Agencies 0 0 30,826 67,164 134 - TIF N Grandview 64130 - Payments to Other Agencies 0 0 0 1,673 200 - Debt Service 64110 - Legal 0 0 0 0 64900 - Other Professional Service 0 0 0 0 6E - Contractual Svcs Total 5,625,447 5,927,490 5,811,532 7,878,320 6F - Commodities 100 - General 65030 - Merchandise for Resale 0 0 0 0 65045 - Technology Equipment 3,893 727 0 4,991 65060 - Office Supplies 1,127 3,924 490 108 65080 - Postage/Shipping 91 31 95 33 65110 - Signage 0 1,503 0 1,503 65935 - Employee Recognition 286 22 1,500 1,500 6F - Commodities Total 5,397 6,207 2,085 8,135 6G - Capital Outlay 100 - General 67210 - Furniture/Fixtures 0 0 0 0 67300 - Land 0 0 0 0 67990 - Other Capital Outlay 0 0 0 0 6G - Capital Outlay Total 0 0 0 0 6H - Debt Service 200 - Debt Service 68010 - Principal Payment 2,036,280 2,104,103 2,430,979 2,530,274 68020 - Interest Payments 866,404 885,521 981,535 1,669,967 68980 - Financial Consultant 0 0 0 0 68990 - Paying Agent Fees 0 0 0 0 6H - Debt Service Total 2,902,684 2,989,624 3,412,514 4,200,241 6I - Transfers 125 - TIF Dubuque Industrial Ctr 69125 - Transfers Out To DICW 0 0 0 0 6I - Transfers Total 0 0 0 0 ECONOMIC DEVELOPMENT - Total 9,000,421 9,431,355 9,761,020 12,736,891 Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund/Account/Account Title FY23 Actual Expense FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 80 Page 973 of 1094 6001 - Administration 100 - General 6A - Salaries & Wages 268,855 276,831 308,367 6B - Employee Benefits 73,244 73,307 86,407 6C - Staff Development 32,869 52,901 41,940 6D - Repair/Maint/Util 1,659 2,569 2,504 6E - Contractual Svcs 2,421,945 2,569,561 2,711,287 6F - Commodities 176 1,610 2,784 6G - Capital Outlay ——— 6001 - Administration Total 2,798,747 2,976,779 3,153,289 6002 - Arts and Cultural Affairs 100 - General 6A - Salaries & Wages 100,045 91,592 94,051 6B - Employee Benefits 29,618 29,283 29,757 6C - Staff Development 948 7,463 6,360 6D - Repair/Maint/Util 647 793 793 6E - Contractual Svcs 358,425 347,350 347,972 6F - Commodities 6,031 475 1,908 6G - Capital Outlay ——— 6002 - Arts and Cultural Affairs Total 495,713 476,956 480,841 6003 - Economic Development 100 - General 6A - Salaries & Wages ——61,513 6B - Employee Benefits ——17,987 6D - Repair/Maint/Util 148 150 516 6E - Contractual Svcs 48,060 14,500 14,674 6F - Commodities ——3,443 125 - TIF Dubuque Industrial Ctr 6E - Contractual Svcs 1,465,149 1,459,748 2,610,263 6I - Transfers ——— 126 - TIF Downtown 6E - Contractual Svcs 1,578,089 1,299,741 2,021,616 127 - TIF Technology Park 6E - Contractual Svcs 36,464 39,073 47,176 128 - TIF Lake Ridge Recommended Expenditure Budget Report by Activity & Funding Source 60 - ECONOMIC DEVELOPMENT Fund/Activity FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 81 Page 974 of 1094 6E - Contractual Svcs 19,360 19,360 — 129 - TIF N Cascade Housing 6E - Contractual Svcs ——1,674 130 - TIF English Ridge 6E - Contractual Svcs ——23,448 131 - TIF South Pointe 6E - Contractual Svcs —31,373 31,373 132 - TIF Rustic Point 6E - Contractual Svcs —30,826 67,164 134 - TIF N Grandview 6E - Contractual Svcs ——1,673 6003 - Economic Development Total 3,147,269 2,894,771 4,902,520 6080 - Debt Service 200 - Debt Service 6E - Contractual Svcs ——— 6H - Debt Service 2,989,624 3,412,514 4,200,241 6080 - Debt Service Total 2,989,624 3,412,514 4,200,241 6099 - Pcard Clearing 100 - General 6F - Commodities ——— 6099 - Pcard Clearing Total 0 0 0 ECONOMIC DEVELOPMENT TOTAL 9,431,355 9,761,020 12,736,891 Recommended Expenditure Budget Report by Activity & Funding Source 60 - ECONOMIC DEVELOPMENT Fund/Activity FY24 Actual Expense FY25 Adopted Budget FY26 Recomm'd Budget 82 Page 975 of 1094 C I T Y O F D U B U Q U E , I O W A DEPARTMENT DETAIL - PERSONNEL COMPLEMENT 60 ECONOMIC DEVEL DEPT FY 2026 FD JC WP-GR JOB CLASS FTE BUDGET 60100 Full Time Employee Expense 100 1765 GE-20 ECONOMIC DEVELOP DIRECTOR 1.00 $ 159,329 100 1755 GE-15 ASST ECONOMIC DEVELOP DIRECTOR 1.00 $ 110,081 100 — GE-11 FINANCIAL/PROJECT SPEC 1.00 $ 61,513 100 1555 GE-12 ARTS & CULTURAL AFFAIRS MANAGER 1.00 $ 94,051 TOTAL FULL TIME EMPLOYEES 4.00 $ 424,974 60200 Part Time Employee Expense 100 5005 GE-07 ADMIN SUPPORT PROF 0.50 $ 30,079 TOTAL PART TIME EMPLOYEES 0.50 $ 30,079 60300 Seasonal Employee Expense 100 6005 GE-03 ECONOMIC DEVELOP INTERN 0.25 $ 8,878 TOTAL SEASONAL EMPLOYEES 0.25 $ 8,878 TOTAL ECONOMIC DEVEL DEPT 4.75 $ 463,931 83 Page 976 of 1094 CITY OF DUBUQUE, IOWA ACTIVITY PERSONNEL COMPLEMENT SUMMARY FY 2026 ACC T FD JC WP- GR POSITION CLASS FTE BUDGET Economic Development-FT General Fund 6001 60100 100 1765 GE-20 ECONOMIC DEVELOP DIRECTOR 1.00 $ 159,329 6001 60100 100 GE-11 FINANCIAL/PROJECT SPEC 0.25 $ 15,378 6001 60100 100 1755 GE-15 ASST ECONOMIC DEVELOP DIRECTOR 1.00 $ 110,081 Total 2.25 $ 284,788 Economic Development-FT TIF Funds 6003 60100 100 GE-11 FINANCIAL/PROJECT SPEC 0.75 $ 46,135 Total 0.75 $ 46,135 Economic Development-PT General Fund 6001 60200 100 5005 GE-07 ADMIN SUPPORT PROF 0.50 $ 30,079 Total 0.50 $ 30,079 Economic Development-Seasonal General Fund 6001 60300 100 6005 GE-03 ECONOMIC DEVELOP INTERN 0.25 $ 8,878 Total 0.25 $ 8,878 Arts and Cultural Affairs - FT General Fund 6002 60100 100 1555 GE-12 ARTS & CULTURAL AFFAIRS MANAGER 1.00 $ 94,051 Total 1.00 $ 94,051 TOTAL ECONOMIC DEV. DEPT 4.75 $ 463,931 84 Page 977 of 1094 Capital Improvement Projects by Department/Division ECONOMIC DEVELOPMENT Project Number Capital Improvement Project Title Department Fund Account FY26 Recomm'd Budget 6052000001 Workforce Development Economic Development 305 64130 371,500 6052000002 Dowtown Rehab Grant Program Economic Development 305 64135 200,000 6052000004 DT Housing Creation Grant Economic Development 305 64135 750,000 6052000009 Central Ave Housing Loan Economic Development 305 64134 150,000 6052000032 Small Business Grant Administration Economic Development 305 64135 12,000 6052000034 Central Avenue Alley Lighting Progr Economic Development 305 64135 20,000 ECONOMIC DEVELOPMENT TOTAL $1,503,500 PRGRM/ DEPT PROJECT DESCRIPTION FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 TOTAL PAGE ECONOMIC DEVELOPMENT Community and Economic Development Greater Downtown Housing Creation Grant Program $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 3,750,000 259 Small Business Grant Administration $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 60,000 260 Workforce Development $ 371,500 $ 371,500 $ 371,500 $ 371,500 $ 371,500 $ 1,857,500 261 Downtown Rehab Grant Program $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 1,000,000 262 Central Avenue Housing Forgivable Loan $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 750,000 263 Central Avenue Alley Lighting Program $ 20,000 $ 20,000 $ — $ — $ — $ 40,000 264 TOTAL $ 1,503,500 $ 1,503,500 $ 1,483,500 $ 1,483,500 $ 1,483,500 $ 7,457,500 85 Page 978 of 1094 ECONOMIC DEVELOPMENT FISCAL YEAR 2026 BUDGET PRESENTATION Page 979 of 1094 Economic Development Department’s Mission The Economic Development Department delivers programming to ensure the economic and social health of the community -partnering with private and non-profit organizations to achieve its goals. Current programming focuses on varied job opportunities; cultivation of a lively arts &culture scene;creation of housing options to attract and retain residents;and expansion of the tax base by leveraging private investment. Page 980 of 1094 Economic Development Director Jill Connors Economic Development Department (4.75 Full-Time Equivalents) Arts & Cultural Affairs Manager Bonnie Spurling Assistant Economic Development Director Ian Hatch PT Confidential Account Clerk Cindy Kramer Arts & Cultural Affairs Advisory Commission PT Arts & Culture Intern Michael Williams Page 981 of 1094 ECONOMIC DEVELOPMENT DEPARTMENT From left to right: Cindy Kramer, Ian Hatch, Bonnie Spurling, Jill Connors Page 982 of 1094 ECONOMIC DEVELOPMENT GOALS •Housing Creation •Business Attraction/Expansion/S mall Business Support •Workforce Development •Childcare Access •Connected Community •Quality of Life through Arts & Culture Dubuque Farmer’s Market. Image Courtesy of Elevated Images Dubuque Page 983 of 1094 Economic Development Department FY2026 REQUESTED PROPERTY TAX SUPPORT $1,479,477 $23.15 Net Property Tax Support Average homeowner’s* property tax cost for the Economic Development Department (*Avg. home value of $196,508) Page 984 of 1094 Economic Development Ensures Safety •Create housing in our walkable downtown •More pedestrians deter crime •Exterior security cameras required to register with Dubuque PD Page 985 of 1094 Tax Increment Financing (TIF) •Job Creation and Retention •Leveraging Private Investment •Housing Development •Downtown Rehabs •Eliminate slum/blight •Public Improvements Page 986 of 1094 TIF LEVERAGES PRIVATE INVESTMENT 1995 -Present in Dubuque •125 TIF Projects •$154 Million in Public Investment •$1.1 Billion in Private Investment •10,000 + Jobs Created & Retained •$1.00 public investment leverages $13.55 private investment Image Courtesy of Elevated Images Dubuque Page 987 of 1094 FISCAL YEAR 2025 HIGHLIGHTS •15 Development Agreements •1 Grant Agreement •Incentivizing over $167 Million in Private Investment •Creating and Retaining at least 60 Jobs •Creating 158 New Rental Residential Units Page 988 of 1094 WORKING TO REDUCE POVERTY Page 989 of 1094 ECONOMIC PROSPERITY FOR DUBUQUE •Affordable Housing •Childcare Access •Opportunity Dubuque Program •Transportation to Jobs/Training •Fiber to Homes & Businesses •Small Business Support •Access to Arts & Cultural Experiences Bright Minds Learning Campus at 7900 Chavenelle. Page 990 of 1094 SMALL BUSINESS SUPPORT GRANT 10 participants in FY25 “Since completing the mentoring sessions, our client base has expanded, with 90% of these clients returning for additional services, indicating a high level of satisfaction. We streamlined our booking process and optimized the scheduling system, which has reduced client wait times and increased overall studio utilization by 75%. We have implemented a targeted social media strategy that has increased our online engagement by 80%and brought in 23 new clients.” “We are grateful for the support provided through the Small Business Grant Program and the valuable insights from our mentoring sessions, which have played a critical role in our continued growth and success.” Page 991 of 1094 SMALL BUSINESS SUPPORT GRANT -2.0 Page 992 of 1094 ECONOMIC DEVELOPMENT TARGET AREAS •Downtown District ◦Central Avenue Corridor ◦Historic Millwork District ◦North & South Port ◦Kerper Boulevard •Chaplain Schmitt Island •Industrial Center •Tech Park Lower Main Street. Image Courtesy of Elevated Images Dubuque Page 993 of 1094 DOWNTOWN DUBUQUE INVESTMENT SUPPORTED BY TIF Information provided by Dubuque Main Street Central Avenue Redevelopment Improvement 1985 through December 2024 % since 2000 New Construction $273 Million 89% Building Rehabilitation $521 Million 86% Real Estate Sales $265 Million 77% Public Improvements $155 Million 95% Net New Jobs 4,174+ 68% Total Improvements $1.2 Billion 86% Page 994 of 1094 INFRASTRUCTURE IMPROVEMENTS SUPPORTING ECONOMIC DEVELOPMENT •Central Ave. & White St. corridor improvements ($8.1 million in CIP) •$131 million in CIP for sanitary sewer expansion, upgrades and maintenance •Water PFAS mitigation ($9.6 million) and new deep well ($4.5 million) Page 995 of 1094 HOUSING INVENTORY = OVER 2,400 UNITS IN SOME STATE OF DEVELOPMENT Page 996 of 1094 Council Top Priority: Central Avenue Revitalization •Executed Agreements to revitalize two storefronts and create 25 new housing units •Ongoing negotiations and project assistance to revitalize an additional three store fronts and create 48 new housing units Business and Developer Outreach •Central Avenue Corridor Walk ◦Modification of incentives to better assist developers and businesses •Quarterly Corridor Meetings •Central & White St Traffic Implementation 1199 Central Avenue Page 997 of 1094 DUBUQUE INITIATIVES -INVESTMENT Central Avenue Redevelopment •COVID Loan Program ◦$875,000 loaned to over 80 local businesses ◦Final loans repaid in spring 2024 •Central Avenue ◦Assisting in the redevelopment of buildings along the corridor ◦$48,000 committed to creating a marketing plan for existing businesses along Central Avenue Chaplain Schmitt Island •Investment to ensure rooftop restaurant in Key Hotel •Loan to DRA for sports complex feasibility study Page 998 of 1094 DUBUQUE INITIATIVES -CHILDCARE •Bright Minds Learning Campus (7900 Chavenelle) ◦Phase 1 created (120) childcare slots -Completed ◦Phase 2 to add (105) childcare slots -Underway ◦Partners include City of Dubuque, Dubuque Community Y, Dubuque Community School District,and Dubuque County •Wage Enhancement Program ◦Partner with GDDC and area employers to provide wage enhancement for upskilling childcare workers in the area ◦Program incentivized 145 new childcare workers and created 524 new childcare slots in the area Page 999 of 1094 HIGH SPEED BROADBAND Goals/Strategies and Results •Universal Availability ◦nearing completion with remaining barriers being addressed ◦Improved competition and service options (13 active fiber investors) •Increased Affordability/Access ◦public/private collaboration, leveraging ARPA funds ◦2025 opening of City's data center ◦work on local opportunities to provide increased access to internet training and equipment Page 1000 of 1094 Page 1001 of 1094 WORKFORCE DEVELOPMENT PARTNERSHIPS Page 1002 of 1094 FY2026 CONTRACTED SERVICES Contracted Services Agency FY 2025 FY 2026 Change % Travel Dubuque $1,617,272 $1,759,691 $142,419 9 % Dubuque Area Labor Management Council $35,000 $35,000 $——% Dubuque Main Street $96,211 $96,211 $——% Dubuque Winter Farmers Market $15,000 $15,000 $——% Fountain of Youth $63,000 $63,000 $——% Dubuque Dream Center $63,000 $63,000 $——% Greater Dubuque Development Corporation $456,500 $456,500 $——% Prosperity Eastern Iowa $5,085 $5,085 $——% Access Dubuque $8,135 $8,135 $——% Inclusive Dubuque $75,000 $75,000 $——% Project Hope $85,000 $85,000 $——% Total $2,519,203 $2,661,622 $142,419 5.35 % Page 1003 of 1094 ARTS & CULTURAL AFFAIRS Inquisitive guest interacts with Art on the River 2023-24 selection “The Gleaming Cube” by artist Timothy Sprengelmeyer. Highlights: •Arts & Culture Master Plan •Arts and Culture Grant Programs •Art on the River •Winter Arts Snow Sculpting & Competition •Other Grant Funded Initiatives Page 1004 of 1094 ARTS & CULTURE MASTER PLAN •Adopted 2016 •Community Engagement Strategy implemented 2018 •76 Recommendations ◦Cross-sector Collaboration ◦Ongoing Community Conversation ◦Volunteerism Public Art & Infrastructure Focuses on ways to expand and integrate public art in the community. Accessibility, Equity & Inclusion Focuses on improving access and being welcoming to all communities in Dubuque. Creative Economy, Artists & Entrepreneurship Focuses on support for local artists, cultural groups, and creative businesses through incentives and policy. Capacity & Investment Focuses on partnerships that lead to investment in the arts. Branding & Communication Focuses on communicating a united identity as an arts community. Page 1005 of 1094 MASTER PLAN PARTNERSHIPS & INITIATIVES Partnership with Dubuque Forward to further AllTogetherDubuque.com Page 1006 of 1094 Page 1007 of 1094 OPERATING SUPPORT GRANTS FUNDING TRENDS Previous awards capped at 6% or no more than $30,000 of an organization’s operating budget. 22 applications eligible in FY24 requesting $320,000 in total funding. FY25 awards will be capped at 4% or no more than $20,000 of an organization’s operating budget. # APPLICANTS 18 19 19 19 22 Page 1008 of 1094 ARTS & CULTURE SPECIAL PROJECTS GRANTS Page 1009 of 1094 OPERATING SUPPORT & SPECIAL PROJECTS GRANTEES Page 1010 of 1094 Page 1011 of 1094 RESILIENT, CONNECTED, CREATIVE COMMUNITY Page 1012 of 1094 FY2026 RECOMMENDED IMPROVEMENT REQUEST Improvement Package Financial/Project Specialist Request to support the addition of a 1.0 FTE position to play a vital role in supporting the City’s economic development initiatives through the effective management of tax increment financing (TIF) programs and assigned economic development projects. The Financial and Project Specialist will be responsible for projecting TIF revenue, preparing compliance reporting, managing rebate payments, and assisting with budget projections related to TIF. This position requires close collaboration with the Finance Department and City Attorney’s Office to ensure the fiscal integrity of economic development projects and funding mechanisms. Non-Recurring |$4,590 Recurring | $86,215 TIF Funds | $68,104 Net Property Tax Support: $22,701 Page 1013 of 1094 Project FY 26 Cost Total Project Cost Greater Downtown Housing Creation Grant Program $750,000 $3,750,000 Small Business Grants $12,000 $60,000 Workforce Development $371,500 $1,857,500 Downtown Rehabilitation Grant Program $200,000 $1,000,000 FY2026 CAPITAL IMPROVEMENT PROJECTS Economic Development Department Page 1014 of 1094 Project FY 26 Cost Total Project Cost Central Avenue Housing Forgivable Loan $150,000 $750,000 [NEW] Central Avenue Alley Lighting Project $20,000 $40,000 FY2026 CAPITAL IMPROVEMENT PROJECTS Economic Development Department Page 1015 of 1094 PERFORMANCE MEASURES Economic Development Department •Private Sector Investments •Increase in overall property values in TIF districts •Participants Graduating from Workforce Development Programming •Number of Housing Units Created •Jobs Created Through Incentives •Number of Projects Assisted with Rehab Grants Page 1016 of 1094 ARTS & CULTURE PERFORMANCE MEASURES Economic Development Department •# of successful grant applications •% increase from prior year in employment opportunities supported by arts grantees •Level of funding needs met •Amount of private, other pledged, matching City funds for arts grantee projects Page 1017 of 1094 THANK YOU www.cityofdubuque.org/EconDev Page 1018 of 1094