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Resolutions of Support for Iowa State Historic Preservation Tax Credit Part 2B ApplicationsCity of Dubuque City Council CONSENT ITEMS # 12. Copyrighted June 16, 2025 ITEM TITLE: Resolutions of Support for Iowa State Historic Preservation Tax Credit Part 2B Applications SUMMARY: City Manager recommending City Council approve the attached Resolutions of Support for the Iowa State Historic Preservation Tax Credit Part 2B Applications being submitted by multiple developers for redevelopment of three properties in downtown Dubuque at the following locations: 799 Main Street, 1706 Central Avenue, and 125 W 9th Street. RESOLUTION In Support Of Iowa State Historic Preservation Tax Credit Part 2B Application Submitted To The Iowa Economic Development Authority By 799 Main, LLC For A Historic Rehabilitation Project At 799 Main Street RESOLUTION In Support Of Iowa State Historic Preservation Tax Credit Part 2B Application Submitted To The Iowa Economic Development Authority By Rider Lacey Block, LLC For A Historic Rehabilitation Project At 1706 Central Avenue RESOLUTION In Support Of Iowa State Historic Preservation Tax Credit Part 2B Application Submitted To The Iowa Economic Development Authority By Henry Stout, LLLP For A Historic Rehabilitation Project At 125 W 9th Street SUGGUESTED Receive and File; Adopt Resolution(s) DISPOSITION: ATTACHMENTS: 1. MVM Memo 2. Staff Memo 3. Resolution Supporting 799 Main Part 2B 4. Resolution Supporting 1706 Central Part 2B 5. Resolution Supporting Henry Stout Part 2B Page 130 of 1053 THE CITY OF Dubuque DuBE uFA�a9a av Masterpiece on the Mississippi rP PP zoo�•*o 13 2017202019 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Resolutions of Support for Iowa State Historic Preservation Tax Credit Part 2B Applications DATE: June 11, 2025 Economic Development Director Jill Connors is recommending City Council approve the attached Resolutions of Support for the Iowa State Historic Preservation Tax Credit Part 2B Applications being submitted by multiple developers for redevelopment of three properties in downtown Dubuque at the following locations: 799 Main Street, 1706 Central Avenue, and 125 W 91" Street. There is no impact on the City's budget in order to express support for the projects. I concur with the recommendation and respectfully request Mayor and City Council approval. v Mic ael C. Van Milligen MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jill Connors, Economic Development Director Page 131 of 1053 THE CITY OF DUB E Masterpiece on the Mississippi Dubuque Economic Development Department 1300 Main Street AII•Ameriago Dubuque, Iowa 52001-4763 I k" I ""`"Ir- -Aq Office (563) 589-4393 1 I I TTY (563) 690-6678 I® http://www.cityofdubuque.org 2007-2012.2013 2017*2019 TO: Michael C. Van Milligen, City Manager FROM: Jill M. Connors, Economic Development Director SUBJECT: Resolutions of Support for Iowa State Historic Preservation Tax Credit Part 2B Applications DATE: June 10, 2025 INTRODUCTION This memorandum presents for City Council review and approval Resolutions in support of Iowa State Historic Preservation Tax Credit Part 2B Applications being submitted by multiple developers for redevelopment of three properties in downtown Dubuque. BACKGROUND The Iowa State Historic Preservation Office awards tax credits and exemptions to encourage the reuse of historic properties, while retaining historic character defining features. The State Tax Credit, Federal Tax Credit, and County Tax Credit Exemption programs contribute to the revitalization and preservation of historic properties across the state. All three programs utilize the Secretary of the Interior's Standards for Rehabilitation of Historic Buildings and the Guidelines for Rehabilitating Historic Buildings. City support helps project applications score higher and increases the likelihood that a Part 2B application will result in an award of Historic Preservation Tax Credits for a project. DISCUSSION Former Nesler Center - 799 Main Street 799 Main, LLC has begun to rehabilitate the structure to revitalize the first -floor commercial space and create 36 new market -rate rental units in the upper stories. The project will utilize historic tax credits with the remainder of the funding being a combination of private and public financing. The City of Dubuque has entered into a Development Agreement to support this project. Page 132 of 1053 Rider Lacev Block -1706 Central Avenue Rider Lacey Block, LLC has begun to rehabilitate the dilapidated structure to create 11 new residential rental units. The project also includes a revitalized first floor commercial space. The City of Dubuque has entered into a Development Agreement to assist this rehabilitation project. The Henry Stout Apartments Gronen Development is undertaking a historic redevelopment project at 125 W 9th Street. The building was purchased by Gronen when the fourth level wall on the east side was failing. The rehabilitation includes addressing deteriorated masonry and replacing failing windows among other internal rehabilitation efforts. BUDGETIMPACT There is no impact on the City's budget in order to express support for the project. RECOMMENDATION I respectfully request City Council approve the attached Resolutions of Support for the Iowa State Historic Preservation Tax Credit Part 213 Applications for the above projects. F, Page 133 of 1053 Prepared by Ian C. Hatch, Assistant Economic Development Director, 1300 Main Street Dubuque IA 52001 (563) 589-4105 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13`h St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 211-25 IN SUPPORT OF IOWA STATE HISTORIC PRESERVATION TAX CREDIT PART 213 APPLICATION SUBMITTED TO THE IOWA ECONOMIC DEVELOPMENT AUTHORITY BY 799 MAIN, LLC FOR A HISTORIC REHABILITATION PROJECT AT 799 MAIN STREET WHEREAS, the Historic Preservation Tax Credit Part 2B application is a competitive application that gives points for various aspects, including local government support of a project in the jurisdiction of which a project is located; and WHEREAS, 799 Main, LLC has requested City of Dubuque City Council support for its Historic Preservation Tax Credit Part 2B application to the Iowa Economic Development Authority ("IEDA") for the rehabilitation of its historic building (the "Building") located at 799 Main Street, Dubuque, Iowa (the "Project"); and WHEREAS, the Building is a contributing building in the Downtown Neighborhood Conservation District and is eligible for State Historic Preservation Tax Credits for the rehabilitation of the Building; and WHEREAS, the successful completion of the Project requires funding from a number of sources, including the State of Iowa Historic Preservation Tax Credit; and WHEREAS, City support will help the Project to score higher on its application and increase the likelihood that the Part 2B application results in an award of Historic Preservation Tax Credits for the Project. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA THAT: Section 1. The City Council of the City of Dubuque does hereby express its support for the Project and for 799 Main, LLC to submit its Historic Preservation Part 2B application to the IEDA seeking an award of Historic Preservation Tax Credits for the Project. Section 2. The City's Office of Economic Development is directed to transmit a copy of this resolution to 799 Main, LLC. Passed, approved, and adopted this 16th day of June, 2025. �- v — . gh, Mayor Attest: Adrienne N. Breitfelder, Cfity Clerk Prepared by Ian C. Hatch Assistant Economic Development Director, 1300 Main Street Dubuque IA 52001 (563) 589-4105 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 131" St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 212-25 IN SUPPORT OF IOWA STATE HISTORIC PRESERVATION TAX CREDIT PART 2B APPLICATION SUBMITTED TO THE IOWA ECONOMIC DEVELOPMENT AUTHORITY BY RIDER LACEY BLOCK, LLC FOR A HISTORIC REHABILITATION PROJECT AT 1706 CENTRAL AVENUE WHEREAS, the Historic Preservation Tax Credit Part 2B application is a competitive application that gives points for various aspects, including local government support of a project in the jurisdiction of which a project is located; and WHEREAS, Rider Lacey Block, LLC has requested City of Dubuque City Council support for its Historic Preservation Tax Credit Part 2B application to the Iowa Economic Development Authority ("IEDA") for the rehabilitation of its historic building (the "Building") located at 1706 Central Avenue, Dubuque, Iowa (the "Project"); and WHEREAS, the Building is a contributing building in the Washington Street Neighborhood Conservation District and is eligible for State Historic Preservation Tax Credits for the rehabilitation of the Building; and WHEREAS, the successful completion of the Project requires funding from a number of sources, including the State of Iowa Historic Preservation Tax Credit; and WHEREAS, City support will help the Project to score higher on its application and increase the likelihood that the Part 2B application results in an award of Historic Preservation Tax Credits for the Project. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA THAT: Section 1. The City Council of the City of Dubuque does hereby express its support for the Project and for Rider Lacey Block, LLC to submit its Historic Preservation Part 2B application to the IEDA seeking an award of Historic Preservation Tax Credits for the Project. Section 2. The City's Office of Economic Development is directed to transmit a copy of this resolution to Rider Lacey Block, LLC. Passed, approved, and adopted this 16th day of June, 2025. I�F­atfll. Cavanagh, Mayor Attest: Adrienne N. Breitfelder, City Clerk Prepared by Ian C. Hatch, Assistant Economic Development Director, 1300 Main Street Dubuque IA 52001 (563) 589-4105 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 1311 St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 213-25 IN SUPPORT OF IOWA STATE HISTORIC PRESERVATION TAX CREDIT PART 213 APPLICATION SUBMITTED TO THE IOWA ECONOMIC DEVELOPMENT AUTHORITY BY HENRY STOUT, LLLP FOR A HISTORIC REHABILITATION PROJECT AT 125 W 9th STREET WHEREAS, the Historic Preservation Tax Credit Part 2B application is a competitive application that gives points for various aspects, including local government support of a project in the jurisdiction of which a project is located; and WHEREAS, Henry Stout, LLLP has requested City of Dubuque City Council support for its Historic Preservation Tax Credit Part 2B application to the Iowa Economic Development Authority ("IEDA") for the rehabilitation of its historic building (the "Building") located at 125 W 9th Street, Dubuque, Iowa (the "Project"); and WHEREAS, the Building is a contributing building in the Downtown Neighborhood Conservation District and is eligible for State Historic Preservation Tax Credits for the rehabilitation of the Building; and WHEREAS, the successful completion of the Project requires funding from a number of sources, including the State of Iowa Historic Preservation Tax Credit; and WHEREAS, City support will help the Project to score higher on its application and increase the likelihood that the Part 2B application results in an award of Historic Preservation Tax Credits for the Project. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA THAT: Section 1. The City Council of the City of Dubuque does hereby express its support for the Project and for Henry Stout, LLLP to submit its Historic Preservation Part 2B application to the IEDA seeking an award of Historic Preservation Tax Credits for the Project. Section 2. The City's Office of Economic Development is directed to transmit a copy of this resolution to Henry Stout, LLLP. Passed, approved, and adopted this 16th day of June, 2025. Attest: Adrienne N. Breitfelder, City Clerk