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Proceedings to Set Public Hearing for the Issuance of Not to Exceed $1,600,000 Stormwater Revenue Capital Loan Notes (State Revolvoing Loan Fund Program) Bee Branch Gate and Pump ProjectCity of Dubuque City Council Copyrighted April 21, 2025 ITEMS SET FOR PUBLIC HEARING # 4. ITEM TITLE: Proceedings to Set Public Hearing on June 2, 2025 for the Issuance of Not to Exceed $1,600,000 Stormwater Revenue Capital Loan Notes (State Revolving Loan Fund Program) Bee Branch Gate and Pump Project SUMMARY: City Manager recommending that a public hearing be set for June 2, 2025, on the issuance of a not to exceed $1,600,000 Stormwtaer Revenue Capital Loan Notes, State Revolving Loan Fund Program, the proceeds of which will be used to fund the Bee Branch Gate and Pump Project. RESOLUTION To fix a date for a public hearing on proposal to enter into a Stormwater Revenue Loan and Disbursement Agreement and to borrow money thereunder in a principal amount not to exceed $1,600,000 SUGGUESTED Receive and File; Adopt Resolution(s), Set Public Hearing for DISPOSITION: June 2, 2025 ATTACHMENTS: 1. Bee Branch Gate and Pump SRF Set Public Hearing_MVM Memo_2025_04_15 2. Bee Branch Pump and Gate SRF Set Public Hearing_Staff memo_2025_04_15 3. 1st Half Set Hrg Storm Water Rev LDA (16th St Basin) (Dubuque #18 2025)-v2 Page 304 of 1152 THE C DUUB--'*--TE Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager Dubuque All-Anerin City I II 2007.2012.2013 2017*2019 SUBJECT: Proceedings to Set Public Hearing on June 2, 2025 for the Issuance of Not to Exceed $1,600,000 Stormwater Revenue Capital Loan Notes (State Revolving Loan Fund Program) Bee Branch Gate and Pump Project DATE: April 15, 2025 Chief Financial Officer Jennifer Larson recommends that a public hearing be set for June 2, 2025, on the issuance of a not to exceed $1,600,000 Stormwtaer Revenue Capital Loan Notes, State Revolving Loan Fund Program, the proceeds of which will be used to fund the Bee Branch Gate and Pump Project. The proposed Dubuque Gate & Pump Station Flood Mitigation (16t" St Detention Basin) (Project) involves construction of a new pump station that includes the following elements: • New flood gates. • Replacement of the two existing flood pumps with four new pumps. • Replacement and updating of the electrical service to current standards; and • Installation of a back-up generator for the additional pumps to address the needed resiliency being demanded by the storms of recent years. The new flood gates will be constructed on the basin side of the levee (on the west side of Kerper Boulevard) across the street from the existing pump station which allows for the pumps to operate more efficiently, eliminates the environmental concerns on the river side of the levee, and allows for operation of the existing facility to maintain flood protection during construction of the new facility. Instead of utilizing the two existing 90,000 gallon per minute (gpm) pumps that are more than 50 years old, the new facility will have four 90,000 gpm pumps. This allows for redundancy in the event of a pump failure. In concert with the Bee Branch Creek Restoration Project (including the Bee Branch Railroad Culverts Project), the proposed project improvements will provide a system that can accommodate the flooding that occurred between 1999 and 2011 — flooding that has resulted in six presidential disaster declarations due to public and private property damage, flooding that has impacted more than 1,300 homes and businesses. It also provides for additional resiliency options as rainstorms increase in both depth and intensity. Page 305 of 1152 The State Revolving Fund loan will have a variable interest rate of 2.84% plus a servicing fee of 0.25%, a twenty-year term, and will be abated from the stormwater fund. I concur with the recommendation and respectfully request Mayor and City Council approval. Michael C. Van Milligen MCVM/jml Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Gus Psihoyos, City Engineer Jennifer Larsen, Chief Financial Officer Brian DeMoss, Finance Manager Jim Bousley, Project Manager Deron Muehring, Water & Resource Recovery Center Director Page 306 of 1152 THE CITY OF DUB E Masterpiece on the Mississippi TO: Michael C. Van Milligen, City Manager Dubuque All -America City II 2007 • 2012 • 2013 FROM: Jennifer Larson, Chief Financial Officer SUBJECT: Proceedings to Set Public Hearing on June 2, 2025 for the Issuance of Not to Exceed $1,600,000 Stormwater Revenue Capital Loan Notes (State Revolving Loan Fund Program) Bee Branch Gate and Pump Project DATE: April 15, 2025 INTRODUCTION The purpose of this memorandum is to provide suggested proceedings to set a public hearing on the issuance of a not to exceed $1,600,000 Stormwater Revenue Capital Loan Notes. DISCUSSION The proposed Dubuque Gate & Pump Station Flood Mitigation (161h St Detention Basin) (Project) involves construction of a new pump station that includes the following elements: • New flood gates. • Replacement of the two existing flood pumps with four new pumps. • Replacement and updating of the electrical service to current standards; and • Installation of a back-up generator for the additional pumps to address the needed resiliency being demanded by the storms of recent years. The new flood gates will be constructed on the basin side of the levee (on the west side of Kerper Boulevard) across the street from the existing pump station which allows for the pumps to operate more efficiently, eliminates the environmental concerns on the river side of the levee, and allows for operation of the existing facility to maintain flood protection during construction of the new facility. Instead of utilizing the two existing 90,000 gallon per minute (gpm) pumps that are more than 50 years old, the new facility will have four 90,000 gpm pumps. This allows for redundancy in the event of a pump failure. In concert with the Bee Branch Creek Restoration Project (including the Bee Branch Railroad Culverts Project), the proposed project improvements will provide a system that can accommodate the flooding that occurred between 1999 and 2011 — flooding that has resulted in six presidential disaster declarations due to public and private property Page 307 of 1152 damage, flooding that has impacted more than 1,300 homes and businesses. It also provides for additional resiliency options as rainstorms increase in both depth and intensity. The State Revolving Fund loan will have a variable interest rate of 2.84% plus a servicing fee of 0.25%, a twenty-year term, and will be abated from the stormwater fund. /_TO 11410 111011140 IF_1:/ 4 Z I respectfully recommend the adoption of the enclosed resolution fixing the date of June 2, 2025, for a public hearing on the proposed issuance not to exceed $1.6 million in Stormwater Revenue Capital Loan Notes (State Revolving Loan Fund Program) for the Bee Branch Gate and Pump Project. Attachments cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Brian DeMoss, Finance Manager Page 308 of 1152 DORSEY DORSEY+WHITNEY LLP April 15, 2025 VIA F,MAIT, Jenny Larson Chief Financial Officer Dubuque, Iowa Re: $1,600,000 SRF Stormwater Revenue Loan and Disbursement Agreement File No. 430411-18 Dear Jenny: We have prepared and attach proceedings for use at the April 21, 2025, City Council meeting to set June 2, 2025, as the date for a hearing on the proposal to enter into the SRF Stormwater Revenue Loan and Disbursement Agreement (the "Agreement") in connection with the Dubuque Gate & Pump Station Flood Mitigation (16th Street Detention Basin) Project. The documents attached include the following items: 1. Resolution fixing the date of meeting at which it is proposed to take action to enter into the Agreement. The form of notice is set out in Section 2 of the resolution. 2. Attestation Certificate with respect to the validity of the transcript. 3. Organization and Establishment Certificate. 4. Outstanding Debt Certificate with respect to the outstanding debt of the Stormwater Management Utility. 5. Publication Certificate with respect to publication of the notice, to which must be attached the publisher's affidavit of publication with a clipping of the notice as published. The notice must be published at least once, not less than thirty (30) days before the meeting date set for the hearing, in a legal newspaper which has a general circulation in Dubuque. The last date on which this notice can be effectively published is May 3, 2025. to me. As soon as the notice appears in the newspaper, please have a copy scanned and emailed 8oi Grand Avenue I Suite 4100 1 Dubuque, IA 1 50309-2790 1 T 515.283.3.000 I dorsey.com Page 309 of 1152 If a petition is received requesting an election on the borrowing proposal, please notify us immediately. Please return one fully executed copy of these proceedings to us as soon as they are available. Please call Emily Hammond or me if you have questions. Best regards, David D. Grossklaus John P. Danos Attachments cc: Crenna Brumwell Adrienne Breitfelder Kerry Bradley Jim Bousley Tionna Pooler Origin Design Tracy Scebold Tony Toigo Lee Wagner DORSEY & WHITNEY LLP Page 310 of 1152 Dubuque/ 43041 1-18/1 "/2 - Stonnwater Rev MINUTES TO SET DATE FOR HEARING ON ENTERING INTO A LOAN AND DISBURSEMENT AGREEMENT 430411-18 (N/I) Dubuque, Iowa April 21, 2025 The City Council of the City of Dubuque, Iowa, met on April 21, 2025, at 6:30 p.m., at the Historic Federal Building, 350 W. 6th St, Second Floor Council Chambers, Dubuque, Iowa. The Mayor presided and the roll was called showing the following members of the Council present and absent: Present: Mucr cayo,nr'n G)Gn(.j mcnny-yrS Parker, ,ones Re5ki'Ck RwU sc 1, sp"" <, I Absent: Council Member Ro ossd l introduced the resolution hereinafter next set out and moved its adoption, seconded by Council Member (,l)e rc ; and after due consideration thereof by the Council, the Mayor put the question upon the adoption of the said resolution and the roll being called, the following named Council Members voted: Ayes: Resri d (JAal, Russell, Sp.,r\n k� S,+xr, Ines, CaVrAnr\ jh Nays: Whereupon, the Mayor declared the resolution duly adopted as follows: -1- DORSEY & WHITNEY LLP, ATTORNEYS, DUBUQUE, IOWA Dubuque/ 43041 1-18/1" '/z - Stormwater Rev RESOLUTION NO. 139-25 Resolution to fix a date for a public hearing on proposal to enter into a Stormwater Revenue Loan and Disbursement Agreement and to borrow money thereunder in a principal amount not to exceed $1,600,000 WHEREAS, the City of Dubuque (the "City"), in Dubuque County, State of Iowa, did heretofore establish a Stormwater Management Utility System (the "Utility") in and for the City; and WHEREAS, the management and control of the Utility are vested in the City Council (the "Council") and no board of trustees exists for this purpose; and WHEREAS, pursuant to prior resolutions of the Council, the City has heretofore issued Stormwater Revenue bonds or notes as set forth on attached outstanding debt certificate, and a portion of such prior Stormwater Revenue debt remains outstanding (the "Outstanding Indebtedness"); and WHEREAS, pursuant to the resolutions relating to and authorizing the Outstanding Indebtedness (the "Outstanding Bond Resolutions") the City reserved the right to issue additional obligations payable from the net revenues of the Utility and ranking on a parity with the Outstanding Indebtedness under the terms and conditions set forth in the Outstanding Bond Resolutions; and WHEREAS, the City now proposes to enter into a Stormwater Revenue Loan and Disbursement Agreement (the "Agreement") and to borrow money thereunder in a principal amount not to exceed $1,600,000, pursuant to the provisions of Sections 384.24A and 384.84A of the Code of Iowa, for the purpose of paying the cost, to that extent, of planning, designing and constructing improvements and extensions to the Utility (the "Project'), and it is necessary to fix a date of meeting of the Council at which it is proposed to take action to enter into the Agreement and to give notice thereof as required by such law, including notice of the right to petition for an election on such proposal; NOW, THEREFORE, Be It Resolved by the City Council of the City of Dubuque, Iowa, as follows: Section 1. This City Council shall meet on June 2, 2025, at 6:30 p.m., at the Historic Federal Building, 350 W. 61h St, Second Floor Council Chambers, at which time and place a hearing will be held and proceedings will be instituted and action taken to enter into the Agreement. Section 2. The City Clerk is hereby directed to give notice of the proposed action on the Agreement setting forth the amount and purpose thereof, the time when and place where the said meeting will be held, by publication at least once, not less than thirty (30) days before the meeting, in a legal newspaper which has a general circulation in the City. The notice shall be in substantially the following form: -2- DORSEY & WHITNEY LLP, ATTORNEYS, DUBUQUE, IOWA Dubuque/ 430411-18/1st''/z - Stormwater Rev NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AND DISBURSEMENT AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $1,600,000 (STORMWATER REVENUE) The City Council of the City of Dubuque, Iowa, will meet on June 2, 2025, at 6:30 p.m., at the Historic Federal Building, 350 W. 61h St, Second Floor Council Chambers, for the purpose of instituting proceedings and taking action to enter into a loan and disbursement agreement (the "Agreement") and to borrow money thereunder in a principal amount not to exceed $1,600,000 for the purpose of paying the cost, to that extent, of planning, designing and constructing improvements and extensions to the Stormwater Management Utility System (the "Utility") of the City. The Agreement will not constitute a general obligation of the City, nor will it be payable in any manner by taxation, but together with the City's outstanding Stormwater Revenue Indebtedness and any additional such obligations of the City as may be hereafter issued and outstanding from time to time ranking on a parity therewith, will be payable solely and only from the net revenues of the Utility. The Agreement is proposed to be entered into pursuant to authority contained in Sections 384.24A and 384.84A of the Code of Iowa. The maximum rate of interest to be paid on the Agreement is 8% per annum. The formula by which rates are determined for users of the Utility is set out in the City of Dubuque Code of Ordinances Section 13-4-5. Such rates will be increased as necessary by ordinance of the City Council to make the required payments under the Agreement. At any time before the date fixed for taking action to enter into the Agreement, a petition may be filed with the City Clerk of the City asking that the question of entering into the Agreement be submitted to the registered voters of the City, pursuant to the provisions of Section 384.84A of the Code of Iowa. By order of the City Council of the City of Dubuque, Iowa. Adrienne Breitfelder City Clerk -3- DORSEY & WHITNEY LLP, ATTORNEYS, DUBUQUE, IOWA Page 313 of 1152 Dubuque/ 43041 1-18/1'"/_ - Stonnwater Rev Section 3. Pursuant to Section 1.150-2 of the Income Tax Regulations (the "Regulations") of the Internal Revenue Service, the City declares (a) that it intends to undertake the Project which is reasonably estimated to cost approximately $26,557,106, (b) that other than (i) expenditures to be paid or reimbursed from sources other than the issuance of bonds, notes or other obligations (the "Bonds"), or (ii) expenditures made not earlier than 60 days prior to the date of this Resolution or a previous intent resolution of the City, or (iii) expenditures amounting to the lesser of $100,000 or 5% of the proceeds of the Bonds, or (iv) expenditures constituting preliminary expenditures as defined in Section 1.150-2(f)(2) of the Regulations, no expenditures for the Project have heretofore been made by the City and no expenditures will be made by the City until after the date of this Resolution or a prior intent resolution of the City, and (c) that the City reasonably expects to reimburse the expenditures made for costs of the City out of the proceeds of the Bonds. This declaration is a declaration of official intent adopted pursuant to Section 1.150-2 of the Regulations. Section 4. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 5. This resolution shall be in full force and effect immediately upon its adoption and approval, as provided by law. Passed and approved April 21, 2025. yor Attest: City Clerk On motion and vote, the meeting adjourned. Mayor Attest: Lw' City Clerk -4- DORSEY & WHITNEY LLP, ATTORNEYS, DUBUQUE, IOWA Dubuque/ 430411-I8/l"'/: - Stormwater Rev ATTESTATION CERTIFICATE: STATE OF IOWA COUNTY OF DUBUQUE SS: CITY OF DUBUQUE I, the undersigned, City Clerk of the City of Dubuque, Iowa, do hereby certify that attached hereto is a true and correct copy of the proceedings of the City Council relating to fixing a date for hearing on the City Council's proposal to take action in connection with a Stormwater Revenue Loan and Disbursement Agreement. 1� l I WITNESS MY HAND this day of )2025. City Clerk -5- DORSEY & WHITNEY LLP, ATTORNEYS, DUBUQUE, IOWA Dubuque/ 430411-18/ 1 "/z - Stonnwater Rev ORGANIZATION AND ESTABLISHMENT CERTIFICATE: STATE OF IOWA COUNTY OF DUBUQUE SS: CITY OF DUBUQUE I, the undersigned City Clerk, do hereby certify that the aforementioned City is organized and operating under the provisions of Title IX of the Code of Iowa and not under any special charter and that such City is operating under the Council -manager -ward form of government and that there is not pending or threatened any question or litigation whatsoever touching the incorporation of the City, the inclusion of any territory within its limits or the incumbency in office of any of the officials hereinafter named. And I do further certify that the following named parties are officials of the City as indicated: Br,d. Cnyaoank , Mayor rnrc6d Vor R City Manager jenn i�cr Lc %rsco. , Chief Financial Officer Pjrle.r)re L)QJPC13cr , City Clerk inn re r Lrnrs on , City Treasurer -5U San Fo,rkgr , Council Member/Mayor Pro Tem RAC: Jene 5 , Council Member Nv, j RcSyl:C k , Council Member La,urc\ Rou5,5d l , Council Member �an n. V -S �n k , Council Member Katy CJ , Council Member And I do further certify that the City has provided for the office of Treasurer, and the Council has selected the Treasurer. I further certify that the City established the Stormwater Management Utility System (the "Utility"), and that the Utility has been in continuous operation by the City since its establishment as aforesaid. -6- DORSEY & WHITNEY LLP, ATTORNEYS, DUBUQUE, IOWA Dubuque/ 430411-18/1'"/z - Stonnwater Rev I further certify that the management and control of the Utility are vested in the City Council of the City, and that no board of trustees exists which has any part of the control and management of such Utility. WITNESS MY HAND this agi1 day of Apr" I , 2025. BRIM City ClerK -7- DORSEY & WHITNEY LLP, ATTORNEYS, DUBUQUE, IOWA Dubuque/ 430411-18/1""/2 - Stormwater Rev OUTSTANDING DEBT CERTIFICATE: STATE OF IOWA COUNTY OF DUBUQUE SS: CITY OF DUBUQUE I, the undersigned, City Clerk of the City of Dubuque, Iowa (the "City"), do hereby certify that the City has no bonds or other obligations of any kind now outstanding which are secured by and payable from the revenues derived from the operation of the Stormwater Management Utility System (the "Utility"), except as follows: Date Type 01/14/09 SRF Clean Water 01/13/10 SRF Clean Water 10/27/10 SRF Clean Water 02/28/14 SRF Clean Water 04/30/21 SRF Clean Water 04/12/19 SRF Clean Water Principal Amount Outstandin>; Maturity $466,000 01/01/28 $295,000 01/01/30 $5,337,000 06/01/41 $168,000 06/01/33 $17,356,397 06/01/37 $13,598,000 06/01/40 (Attach here a separate sheet listing any outstanding obligations of the City secured by and payable from the revenues of the Utility, excluding the proposed issue.) .Jt!� WITNESS MY HAND this 0 day of ' f,0, / 52025. City Clerk -I- DORSEY & WHITNEY LLP, ATTORNEYS, DUBUQUE, IOWA Dubuque/ 430411-18/1"'/z - Stormwater Rev PUBLICATION CERTIFICATE: STATE OF IOWA COUNTY OF DUBUQUE SS: CITY OF DUBUQUE I, the undersigned, City Clerk of the City of Dubuque, Iowa, do hereby certify that pursuant to the resolution of its City Council fixing a date of meeting at which it is proposed to take action to enter into a loan and disbursement agreement, the notice, of which the printed slip attached to the publisher's affidavit hereto attached is a true and complete copy, was published on the date and in the newspaper specified in such affidavit, which newspaper has a general circulation in the City. +h WITNESS MY HAND this day of Tax , 2025. bo 7�1 � i� . a-� City Clerk (Attach here the publisher's original affidavit with clipping of the notice, as published.) -9- DORSEY & WHITNEY LLP, ATTORNEYS, DUBUQUE, IOWA 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: 04/25/2025 and for which the charge is 38.19 Subscribed to before me, a Notary lic in and for Dubuque County, Iowa, this 25th day of April, 2025 Notary Pdibllc in and for Dubuque unty, Iowa. R JANET K. PAPECommission Number 199659My Commission Expires 12/11/2025 Ad text NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AND DISBURSEMENT AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $1,600,000 (STORMWATER REVENUE) The City Council of the City of Dubuque, Iowa, will meet on June 2, 2025, at 6:30 p.m., at the Historic Federal Building, 350 W. 6th St, Second Floor Council Chambers, for the purpose of instituting proceedings and taking action to enter into a loan and disbursement agreement (the ?Agreement?) and to borrow money thereunder in a principal amount not to exceed $1,600,000 for the purpose of paying the cost, to that extent, of planning, designing and constructing improvements and extensions to the Stormwater Management Utility System (the ?Utility?) of the City. The Agreement will not constitute a general obligation of the City, nor will it be payable in any manner by taxation, but together with the City's outstanding Stormwater Revenue Indebtedness and any additional such obligations of the City as may be hereafter issued and outstanding from time to time ranking on a parity therewith, will be payable solely and only from the net revenues of the Utility. The Agreement is proposed to be entered into pursuant to authority contained in Sections 384.24A and 384.84A of the Code of Iowa. The maximum rate of interest to be paid on the Agreement is 8 % per annum. The formula by which rates are determined for users of the Utility is set out in the City of Dubuque Code of Ordinances Section 13-4-5. Such rates will be increased as necessary by ordinance of the City Council to make the required payments under the Agreement. At any time before the date fixed for taking action to enter into the Agreement, a petition may be filed with the City Clerk of the City asking that the question of entering into the Agreement be submitted to the registered voters of the City, pursuant to the provisions of Section 384.84A of the Code of Iowa. By order of the City Council of the City of Dubuque, Iowa. Adrienne Breitfelder City Clerk It 4/25