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Resolution Approving a First Amendment to Development Agreement by and between the City of Dubuque, Iowa and Hitzler Rental, LLC for the Redevelopment of 2541 Central AvenueCity of Dubuque City Council CONSENT ITEMS # 5. Copyrighted January 20, 2026 ITEM TITLE: Resolution Approving a First Amendment to Development Agreement by and between the City of Dubuque, Iowa and Hitzler Rental, LLC for the Redevelopment of 2541 Central Avenue SUMMARY: City Manager recommending City Council adopt a resolution approving a First Amendment to Development Agreement by and between the City of Dubuque, Iowa and Hitzler Rental, LLC for the redevelopment of 2541 Central Avenue. RESOLUTION Approving The First Amendment To Development Agreement By And Between The City Of Dubuque, Iowa And Hitzler Rental, LLC SUGGUESTED Receive and File; Adopt Resolution(s) DISPOSITION: ATTACHMENTS: 1. MVM Memo 2. Staff Memo 3. First Amendment 4. Resolution of Approval Dubuque THE CITY OF uFA�a9a av DuBE 13 Masterpiece on the Mississippi zoo�•*o rP PP 2017202019 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Resolution Approving a First Amendment to Development Agreement by and between the City of Dubuque, Iowa and Hitzler Rental, LLC for the Redevelopment of 2541 Central Avenue DATE: January 13, 2026 Economic Development Director Jill Connors is recommending City Council adopt a resolution approving a First Amendment to Development Agreement by and between the City of Dubuque, Iowa and Hitzler Rental, LLC for the redevelopment of 2541 Central Avenue. Hitzler Rental, LLC has worked with an architect to determine that a fifth residential rental unit can be added to the building while meeting building code. The Downtown Housing Creation Grant Program provides $10,000 per unit for new multifamily housing units (rental or for -sale condos) within the Greater Downtown Urban Renewal District. The units must be newly created or must have been vacant for a minimum of three years. As no rental units have been present in the building for many years, this fifth unit would also be eligible for the Downtown Housing Creation Grant Program. The First Amendment increases the Housing Creation Grant award from $40,000 to $50,000 for a total of five new residential rental units. 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 Dubuque Economic Development Department THE CITY OF 1300 (wain street All-AM111094 Dubuque, Iowa 52001-4763 UB E vxxwi Office (563) 589-4393 1 I I TTY (563) 690-6678 I® http://www.cityofdubuque.org 2007-2012*2013 Masterpiece on the Mississippi 2017*2019 TO: Michael C. Van Milligen, City Manager FROM: Jill M. Connors, Economic Development Director SUBJECT: Resolution Approving a First Amendment to Development Agreement by and between the City of Dubuque, Iowa and Hitzler Rental, LLC for the Redevelopment of 2541 Central Avenue DATE: January 13, 2026 INTRODUCTION This memorandum presents for City Council review and approval a Resolution approving a First Amendment to Development Agreement by and between the City of Dubuque, Iowa and Hitzler Rental, LLC for the redevelopment of 2541 Central Avenue. BACKGROUND On October 20, 2025, the Dubuque City Council entered into a Development Agreement with Hitzler Rental, LLC by Resolution No. 343-25. The Development Agreement included a Downtown Housing Creation Grant for the creation of four residential rental units, among other incentives. DISCUSSION Hitzler Rental, LLC has worked with an architect to determine that a fifth residential rental unit can be added to the building while meeting building code. The Downtown Housing Creation Grant Program provides $10,000 per unit for new multifamily housing units (rental or for -sale condos) within the Greater Downtown Urban Renewal District. The units must be newly created or must have been vacant for a minimum of three years. As no rental units have been present in the building for many years, this fifth unit would also be eligible for the Downtown Housing Creation Grant Program. The First Amendment increases the Housing Creation Grant award from $40,000 to $50,000 for a total of five new residential rental units. BUDGETIMPACT This First Amendment increases the grant dollars awarded in the Development Agreement by $10,000. Staff have confirmed that this $10,000 is available in the balance of the Housing Creation Grant program for FY2026. RECOMMENDATION I respectfully request City Council adopt the attached Resolution approving the First Amendment to Development Agreement with Hitzler Rental, LLC for the redevelopment of 2541 Central Avenue. FIRST AMENDMENT TO DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DUBUQUE, IOWA AND HITZLER RENTAL, LLC This First Amendment to Development Agreement, dated for reference purposes the day of Jr\rWA,;,\l 2026, is made and entered into by the City of Dubuque, Iowa, a municipality (City), established pursuant to the Iowa Code and acting under authorization of Iowa Code Chapter 403, as amended (the Urban Renewal Act), and Hitzler Rental, LLC (Developer). WHEREAS, City and Developer entered into a Development Agreement dated October 20, 2025 (the Agreement); and WHEREAS, City and Developer desire to amend the Development Agreement as set forth herein. NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL TERMS AND COVENANTS CONTAINED HEREIN, CITY AND GRANT RECIPIENT AGREE AS FOLLOWS: Section 1. Section 3.5 of the Development Agreement is hereby amended to read as follows: 3.5 Downtown Housing Incentive. (1) City agrees to provide to Developer on the terms and conditions set forth in the Downtown Housing Incentive Program attached hereto as Exhibit F, a grant in an amount not to exceed Fifty Thousand Dollars ($50,000.00) (the Grant). (2) Grant funds will not be disbursed to Developer until City has issued a Certificate of Completion for the Project. The Grant shall be paid in Ten Thousand Dollar ($10,000.00) payments for each apartment that receives a Certificate of Completion up to a maximum of five apartments. Prior to the disbursement of any funds, Developer shall provide evidence satisfactory to City that the Minimum Improvements have been completed in accordance with the Plans and other documentation submitted to City with the Downtown Housing Assistance application. Section 2. Except as modified herein, the Development Agreement shall remain in full force and effect. CITY OF DUBUQUE, IOWA ,_ .F�!l . Attest: &d461— Adrienne N. Breitfelder, City Clerk HITZLER RENTAL, LLC By - Timothy J. Hitzler, President Prepared by Ian Hatch, Assistant Economic Development Director, 1300 Main Street, Dubuque IA 52001 (563) 589-4105 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13t' St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 12-26 APPROVING THE FIRST AMENDMENT TO DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA AND HITZLER RENTAL, LLC WHEREAS, the City of Dubuque (City) and Hitzler Rental, LLC (Developer) entered into a Development Agreement dated October 20, 2025 for the redevelopment of 2541 Central Avenue in the City of Dubuque, Iowa; and WHEREAS, City and Developer desire to amend the Development Agreement as set forth in the attached First Amendment to Development Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA THAT: Section 1. The First Amendment to Development Agreement by and between the City of Dubuque, Iowa and Hitzler Rental, LLC, a copy of which is attached hereto, is hereby approved. Section 2. The Mayor is hereby authorized and directed to execute the First Amendment to Development Agreement on behalf of the City of Dubuque and the City Clerk is authorized and directed to attest to his signature. Section 3. The City Manager is authorized to take such actions as are necessary to comply with the terms of the First Amendment to Development Agreement as herein approved. Passed, approved, and adopted this 20th day of January, 2026. Cavanagh, Mayor Attest: `71''vW� 14 ", Adrienne N. Breitfelder, tity Clerk