Ratification of Approval of a First Amendment to Economic Development Assistance Contract with McCoy Group, Inc.City of Dubuque
City Council
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Copyrighted
October 20, 2025
ITEM TITLE: Ratification of Approval of a First Amendment to Economic
Development Assistance Contract 23-HQJP-011 by and
among McCoy Group, Inc., the City of Dubuque, and the
Iowa Economic Development Authority
SUMMARY: City Manager recommending City Council adopt a resolution
ratifying the approval of a First Amendment to Contract 23-
HQJP-011 by and among McCoy Group, Inc., the City of
Dubuque, and the Iowa Economic Development Authority
(IEDA).
RESOLUTION Ratifying The Approval Of A First Amendment
To The Economic Development Assistance Contract 23-
HQJP-011 By And Among McCoy Group, Inc., The City Of
Dubuque, Iowa, And The Iowa Economic Development
Authority
SUGGUESTED Receive and File; Adopt Resolution(s)
DISPOSITION:
ATTACHMENTS:
1. MVM Memo
2. Staff Memo
3. Contract 23-HQJP-011 Amendment
4. Resolution of Ratification
Page 118 of 817
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Ratification of Approval of First Amendment to Economic Development
Assistance Contract 23-HQJP-011 by and among McCoy Group, Inc., the
City of Dubuque, and the Iowa Economic Development Authority
DATE: October 15, 2025
Economic Development Director Jill Connors is recommending City Council adopt a
resolution ratifying the approval of a First Amendment to Contract 23-HQJP-011 by and
among McCoy Group, Inc., the City of Dubuque, and the Iowa Economic Development
Authority (IEDA).
On December 5, 2022, the City Council adopted Resolution 377-22, authorizing the
Mayor to execute an application to the IEDA for financial assistance, and directing the
City Manager to submit the application to the IEDA with other required documents.
On December 16, 2022, the IEDA approved Economic Development Assistance
Contract 23-HQJP-011.
McCoy Group, Inc. has requested an extension of the Project Completion Date, and the
IEDA board has approved the request. The attached First Amendment amends the
Project Completion and Maintenance Period Completion Dates.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Micl4ael C. Van Milligen
MCVM:sv
Attachment
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Jill Connors, Economic Development Department
Page 119 of 817
THE COF Dubuque
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Masterpiece on the Mississippi 2007. 2012.2013
TO: Michael Van Milligen, City Manager
FROM: Jill Connors, Economic Development Director
Economic Development Department
50 West 131h Street
Dubuque, Iowa 52001-4864
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
SUBJECT: Ratification of Approval of First Amendment to Economic
Development Assistance Contract 23-HQJP-011 by and among
McCoy Group, Inc., the City of Dubuque, and the Iowa Economic
Development Authority
DATE: October 3, 2025
INTRODUCTION
This memorandum presents for City Council review and approval a resolution ratifying
the approval a First Amendment to Contract 23-HQJP-011 by and among McCoy Group,
Inc., the City of Dubuque, and the Iowa Economic Development Authority (IEDA).
BACKGROUND
The McCoy Group is a private family -owned company started in 1958. McCoy Group,
Inc. is the parent company of Foodliner (Food grade bulk hauler), Quest Liner (Non -
Food grade bulk hauler), Truck Country (Freightliner and Western Star Truck
Dealerships) and McCoy Construction & Forestry (John Deere Construction & Forestry
Dealerships). Customer base is nationwide and in Mexico. Their customer base
includes, ADM, Ingredion, Cargill, KMG, General Mills, Walmart, Heartland Express,
CRST, Dow, Coca-Cola, Pepsi, United States Air Force to name a few.
McCoy Group, Inc. employs 3,833 people nationwide (including parent company,
subsidiaries, and other affiliated entities), with 351 of those jobs located in Dubuque.
DISCUSSION
On December 5, 2022, the City Council adopted Resolution 377-22, authorizing the
Mayor to execute an application to the IEDA for financial assistance, and directing the
City Manager to submit the application to the IEDA with other required documents.
On December 16, 2022, the IEDA approved Economic Development Assistance
Contract 23-HQJP-011.
Page 120 of 817
McCoy Group, Inc. has requested an extension of the Project Completion Date, and the
IEDA board has approved the request. The attached First Amendment amends the
Project Completion and Maintenance Period Completion Dates.
The Iowa Economic Development Authority requested City approval of the First
Amendment to Economic Development Assistance Contract 23-HQJP-011 on September
28, 2025 for the extension of the Project Completion Date. The Mayor signed the First
Amendment and seeks ratification of said approval from the City Council.
RECOMMENDATION
I recommend the City Council adopt the attached resolution ratifying the approval of the
First Amendment to Economic Development Assistance Contract 23-HQJP-011 by and
among McCoy Group, Inc., the City of Dubuque, and the IEDA.
Page 121 of 817
RECIPIENT:
CONTRACT NUMBER:
AMENDMENT NUMBER
APPROVAL DATE:
CONTRACT AMENDMENT
McCoy Group, Inc.
23-HQJP-011
One
September 19, 2025
THIS CONTRACT AMENDMENT is made by and between the IOWA ECONOMIC
DEVELOPMENT AUTHORITY (hereafter "IEDA"), 1963 Bell Ave, Suite 200, Des Moines, Iowa
50315, an agency of the State of Iowa, McCoy Group ("Recipient"),2099 Southpark Ct., Dubuque, IA
52003 and the City of Dubuque ("Community") 50 W 13th St. Dubuque, IA 52001.
WHEREAS, the Recipient has requested an extension of the Project Completion Date.
WHEREAS, the IEDA BOARD approved the request, and
NOW, THEREFORE, the Contract referenced above is amended as follows:
1. REVISION OF JOB OBLIGATIONS (EXHIBIT D). Exhibit D is hereby amended to reflect the
amended Project Completion and Maintenance Period Completion Dates. Details of the
changes are reflected in the attached revised Exhibit D which is hereby incorporated by this
reference and made part of this Contract Amendment.
Except as otherwise revised herein, the terms, provisions, and conditions of Contract Number 23-
HQJP-011 and related exhibits shall remain unchanged and are in full force and effect.
FOR RECIPIENT:
FOR IEDA:
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mike blrkett(Sep 23, 202515:3e21 CDT)
Debi am(Sep 29, 202507:00:41 CDT)
SIGNATURE
Debi Durham, Director
mike bi rkett
09/29/2025
PRINT/TYPE NAME, TITLE
Date
09/23/2025
Date
FOR THE COMMUNITY:
3#747.Vanagh (Sep 28, 2025 20:01:18 CDT)
SIGNATURE
Brad Cavanagh
PRINT/TYPE NAME, TITLE
09/28/2025
Date
Page 122 of 817
EXHIBIT D — JOB OBLIGATIONS
Amended September 2025
Recipient: McCoy Group, Inc.
Community: City of Dubuque
Contract Number: 23-HQJP-011
This Project has been awarded Project Completion Assistance and Tax Incentives from the High Quality Jobs Program (HQJP) — Tax Credit
Component. The chart below outline the contractual job obligations related to this Project.
Data in the "Employment Base" column has been verified by IEDA and reflects the employment characteristics of the facility receiving
funding before this award was made. Jobs to be retained as a part of this Project must be included in these calculations.
Data in the "Jobs To Be Created" column outlines the new full-time jobs (including their wage characteristics) that must be added to the
employment base and, if applicable, statewide employment base as a result of this award.
At the Project Completion Date and through the Maintenance Period Completion Date, the Recipient must achieve, at a minimum, the
numbers found in the "Total Job Obligations" column.
HQJP JOB OBLIGATIONS
Project Completion Date: December 31, 2025 2026
Maintenance Period Completion December 31, 2027 2028
Date:
I Employment
Base
Jobs
To Be Created
I Total
Job
Obligations
Total employment at project location
254
18
272
P__,Average wage of total employment at project location
$35.31
Qualifying Laborshed Wage threshold requirement (per hr)
$26.56 (120%)
Number of jobs at or above qualifying wage
130
12
142
Average Wage of jobs at or above qualifying wage
$48.49
Notes re: Job Obligations
1. When determining the number of jobs at or above the qualifying wage, wages will include only the regular hourly
rate that serves as the base level of compensation. The wage will not include nonregular forms of compensation
such as bonuses, unusual overtime pay, commissions, stock options, pension, retirement or death benefits,
unemployment benefits or other insurance, or other fringe benefits.
2. Employment Base includes 0 "Retained Jobs".
If the Recipient uses or proposes to use a non-standard work week (8 hours a day, 5 days a week, 52 weeks a year
including holidays, vacation and other paid leave), check the box below and describe that alternative schedule.
The alternative schedule must meet the requirements of 261 IAC 173.2. ) If the box is not checked or if no
alternative schedule is provided, IEDA will consider "Full-time Equivalent (FTE) Job " to mean the employment
of one person for 8 hours per day for a 5-day, 40-hour workweek for 52 weeks per year, including paid holidays,
vacations and other paid leave.
❑ The Recipient shall use an alternative work week for purposes of its employees described in the Contract. The
alternative work week is as follows: [description].
Sufficient Benefits Deductible Requirements
Recipient shall provide Sufficient Benefits with a maximum deductible of $1,700 for single coverage or $3,750 for family
coverage.
Page 123 of 817
Prepared by: Crenna M. Brumwell, 300 Main Street Suite 330, Dubuque IA 52001 563 583-4381
RESOLUTION NO. 329 - 25
RATIFYING THE APPROVAL OF A FIRST AMENDMENT TO THE ECONOMIC
DEVELOPMENT ASSISTANCE CONTRACT 23-HQJP-011 BY AND AMONG MCCOY
GROUP, INC., THE CITY OF DUBUQUE, IOWA, AND THE IOWA ECONOMIC
DEVELOPMENT AUTHORITY
WHEREAS, approvals for agreements are set by outside entities and outside the
control of the City; and
WHEREAS, the deadlines set by outside entities do not always coincide with the
meetings of the City Council; and
WHEREAS, the Iowa Economic Development Authority requested approval of
the First Amendment to Economic Development Assistance Contract 23-HQJP-011 on
September 28, 2025 for the extension of the Project Completion Date; and
WHEREAS, the Mayor signed the First Amendment and seeks ratification of said
approval from the City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. The approval of a First Amendment to the Economic Development
Assistance Contract 23-HQJP-011 By and Among McCoy Group, Inc., the City of
Dubuque, Iowa, and the Iowa Economic Development Authority is hereby ratified.
Passed, approved and adopted this 201" day of October, 2025.
Brad-M. Cavanagh, Mayor
Attest:
L
Adrienne N. Breitfelder, City Clerk