Resolution Approving a Collateral Assignment of Development Agreement by and between the City of Dubuque, Iowa and Hitzler Rental, LLC to Bellevue State BankCity of Dubuque
City Council
PUBLIC HEARINGS # 5.
Copyrighted
February 16, 2026
ITEM TITLE: Resolution Approving a Collateral Assignment of
Development Agreement by and between the City of
Dubuque, Iowa and Hitzler Rental, LLC to Bellevue State
Bank
SUMMARY: Proof of publication on notice of public hearing to consider
City Council adopt the attached Resolution approving the
Collateral Assignment of Development Agreement by and
between the City of Dubuque, Iowa and Hitzler Rental, LLC
assigning rights to Bellevue State Bank for the
redevelopment of 2541 Central Avenue, and City Manager
recommending approval.
RESOLUTION Approving A Collateral Assignment Of
Development Agreement By And Between The City Of
Dubuque, Iowa And Hitzler Rental, LLC To Bellevue State
Bank For Property At 2541 Central
SUGGUESTED Receive and File; Adopt Resolution(s)
DISPOSITION:
ATTACHMENTS:
MVM Memo - Hitzler Rental, LLC Assigning Rights to Bellevue State Bank for the
Redevelopment of 2541 Central Avenue
2. Staff Memo
3. Assignment - Signed
4. Resolution
Page 601 of 1214
Dubuque
THE CITY OF
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Resolution Approving a Collateral Assignment of Development Agreement
by and between the City of Dubuque, Iowa and Hitzler Rental, LLC
Assigning Rights to Bellevue State Bank for the Redevelopment of 2541
Central Avenue
DATE: February 10, 2026
Economic Development Director Jill Connors is recommending City Council adopt the
attached Resolution approving the Collateral Assignment of Development Agreement by
and between the City of Dubuque, Iowa and Hitzler Rental, LLC assigning rights to
Bellevue State Bank for the redevelopment of 2541 Central Avenue.
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 of $50,000 ($10,000 x 5 units), a downtown
rehabilitation grant of $35,000, and a fifteen -year tax increment financing award
estimated to not exceed $40,000.
There is no impact to the budget as these incremental property tax rebates have
already been authorized and incorporated into the terms of the Development
Agreement.
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 602 of 1214
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 Collateral Assignment of Development Agreement
by and between the City of Dubuque, Iowa and Hitzler Rental, LLC
Assigning Rights to Bellevue State Bank for the Redevelopment of 2541
Central Avenue
DATE: February 10, 2026
INTRODUCTION
This memorandum presents for City Council review and approval a Resolution approving
a Collateral Assignment of Development Agreement by and between the City of Dubuque,
Iowa and Hitzler Rental, LLC assigning rights to Bellevue State Bank for the redevelopment
of 2541 Central Avenue.
BACKGROUND
On October 20, 2025, the Dubuque City Council entered into a Development Agreement,
as amended, with Hitzler Rental, LLC by Resolution No. 343-25. The Development
Agreement included a downtown housing creation grant of $50,000 ($10,000 x 5 units), a
downtown rehabilitation grant of $35,000, and a fifteen -year tax increment financing award
estimated to not exceed $40,000. Tax Increment Financing (TIF) incentives provide a
reimbursement of a portion of the additional property tax revenue generated by a
development project, calculated on the incremental increase in assessed value, and
applied after the project has been fully completed.
DISCUSSION
Hitzler Rental, LLC has secured construction financing for the redevelopment project
through Bellevue State Bank. As part of the financing arrangement, Hitzler Rental, LLC has
assigned its rights to the grants and TIF incentive to Bellevue State Bank. This structure
enables Hitzler Rental, LLC to access upfront capital for project development and
Page 603 of 1214
subsequently apply the TIF proceeds toward repayment of a portion of the construction
loan upon project completion.
BUDGETIMPACT
There is no impact to the budget as these incremental property tax rebates have already
been authorized and incorporated into the terms of the Development Agreement.
RECOMMENDATION
I respectfully request City Council adopt the attached Resolution approving the Collateral
Assignment of Development Agreement by and between the City of Dubuque, Iowa and
Hitzler Rental, LLC assigning rights to Bellevue State Bank for the redevelopment of 2541
Central Avenue.
F,
Page 604 of 1214
COLLATERAL ASSIGNMENT OF DEVELOPMENT AGREEMENT
THIS COLLATERAL ASSIGNMENT OF DEVELOPMENT AGREEMENT (this
"Assignment") is made as of Sri %&o% 3 , 2026, by and among Hitzler Rental, LLC, an
Iowa limited liability company ("Borrower/Developer" further known as "Assignor") in favor
of Bellevue State Bank ("Lender").
RECITALS
A. Borrower owns, or will own, the property located at 2541 Central Avenue, located in
the City of Dubuque, State of Iowa (the "Property"). Borrower intends to develop the Property as
a up to 5-unit multi -family apartment project located on the Property with other related
improvements (collectively, the "Project")
B. Subject to the terms and conditions of that certain Loan Agreement between
Borrower and Lender of even date herewith (the "Loan Agreement"), Lender has made a term
loan to the Borrower (the "Term Loan"), as evidenced by a Term Note dated October 22, 2025.
C. Borrower and the City of Dubuque (the "City") entered into that certain
Development Agreement, dated October 20, 2025, pursuant to which the City has agreed to
provide Economic Development Grants to Borrower or Developer estimated up to a principal
amount of $40,000.00 (the "TIF Payments") and incentive grant payments up to a principal
amount of $85,000.00 ($10,000.00 per unit up to five units for the Downtown Housing incentive
and $35,000.00 for the Downtown Rehabilitation Grant), collectively the ("Grant Payments").
D. Lender requires Assignor to execute and deliver this Assignment as collateral for
the Loans.
AGREEMENTS
NOW, THEREFORE, in consideration of the foregoing and of the mutual promises
contained herein, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged by Borrower, Borrower hereby agrees as follows:
1. Assignment. As security for Borrower's obligations under the Notes, the Loan
Agreement and the other documents evidencing or securing the Loans (collectively, the "Loan
Documents") (collectively, the "Obligations"), Assignor hereby collaterally assigns to Lender all of
its right, title, and interest in and to the Development Agreement, including all of Assignor's
rights to receive the TIF Payments thereunder, it being understood and agreed that, if and when the
Obligations are satisfied in full, then this Assignment shall terminate.
2. Lender's Rights Upon Default. If a default occurs under the Loan Documents
beyond any applicable notice and cure period (an "Event of Default"), then Lender may at its
option upon written notice to Borrower and the City, but without any obligation to do so, elect to
assume Assignor's rights and obligations under the Development Agreement, in which case Lender
shall have all of the rights and obligations of Assignor under the Development Agreement from. and
after the date of notice to the City. Prior to the occurrence of an Event of Default and the written
Page 605 of 1214
election by Lender to assume Assignor's rights and obligations under the Development Agreement,
nothing in this Agreement shall be construed as an assumption by Lender of any liability or
obligation of Assignor under the Development Agreement. Nothing herein constitutes a release by
the City of Assignor from its obligations under the Development Agreement even if Lender elects
to assume Assignor's rights and obligations thereunder, and to the extent the Developer Agreement
is not performed by Lender; Assignor remains responsible to the City for all of its obligations under
the Development Agreement.
3. Performance of Assignor. Assignor shall faithfully abide by, perform and discharge
each of Assignor's obligations, covenants and agreements under the Development Agreement and
shall take such actions as may be necessary or required under the Development Agreement to cause
the Minimum Investment in the Project and the prompt commencement of TIF Payments to
Borrower thereafter. Without the prior written consent of Lender, Assignor shall not (a) modify or
in any way alter the terms of the Development Agreement, (b) pledge or assign the Development
Agreement, (c) waive any of its rights under the Development Agreement, (d) terminate or
surrender the Development Agreement, or (d) cause or permit the TIF Payments to be made to
any party but Borrower of Lender. Developer hereby acknowledges and agrees and directs the
City that all TIF Payments shall be paid to Borrower (not to Developer).
4. TIF Loan Proceeds. Borrower shall, immediately upon receipt of any TIF
Payments from the City, deposit such funds into Borrower's operating account established with
Lender; which funds may be used to pay Project Operating Expenses or disbursed only in
accordance with Borrower's Operating Agreement. Upon notice from Lender to the City, with a
copy to Borrower, of an Event of Default under the Loan Documents or otherwise upon Lender's
request, Borrower and Developer authorize and direct the City to make the TIF Payments due to
Borrower to Lender directly. The City shall have no obligation to verify any of the information in
such notice.
5. Grant Loan Proceeds. Borrower shall, immediately upon receipt of any
Grant Payments from the City, deposit such funds into Borrower's operating account established
with Lender; which funds may be used to pay Project Operating Expenses or disbursed only in
accordance with Borrower's Operating Agreement. Upon notice from Lender to the City, with a
copy to Borrower, of an Event of Default under the Loan Documents or otherwise upon Lender's
request, Borrower and Developer authorize and direct the City to make the Grant Payments due to
Borrower to Lender directly. The City shall have no obligation to verify any of the information in
such notice.
6. Protect Security. At Borrower's sole cost and expense, Borrower shall appear and
defend any action or proceeding arising under, during, out of or in any manner connected with the
Development Agreement or the obligations, duties or liabilities of Assignor under the Development
Agreement, and shall pay any reasonable costs and expense of Lender, including reasonable
attorneys' fees, in any such action or proceeding in which Lender decides, in its sole discretion, to
appear.
7. Representations and Covenants. Assignor represents and warrants that
(a) Assignor has the full right to collaterally assign the Development Agreement; (b) the
Development Agreement is valid, is in full force and effect and has not been modified or amended;
(c) Lender shall have a first priority lien and security interest in and to the Development Agreement
2
Page 606 of 1214
and the TIF Payments, there are no outstanding assignments or pledges of the Development
Agreement or TIF Payments and Assignor shall not make any further assignments or pledges of
the Development Agreement or TIF Payments during the term of the loans without the consent of
Lender; and (e) there are no existing defaults, rights of setoff, or claims for additional payments
under the Development Agreement.
8. Authorization. Upon an Event of Default, Assignor irrevocably constitutes and
appoints Lender its true and lawful attorney -in -fact in Assignor's name or in Lender's name, or
otherwise, to enforce all rights of Assignor under the Development Agreement, and such power,
being coupled with an interest, is irrevocable.
9. No Liability For Lender. Subject to the Provisions of Section 2, Lender shall not
be obligated to perform or discharge and does not by this Assignment, undertake to perform or
discharge any obligation, duty or liability under the Development Agreement.
10. Assignor Holds Lender Harmless. Assignor shall indemnify and hold Lender
harmless of and from (a) any and all liability, loss or damage which it incurs under the
Development Agreement or by reason of this Assignment; and (b) any and all claims and demands
which are asserted against it by reason of any alleged obligations or undertakings on its part to
perform or discharge any of the terms, covenants or agreements contained in the Development
Agreement. The amount of all such liabilities, losses, damages, claims and demands, and the cost
of defending against them, including costs, expenses and reasonable attorneys' fees, are secured by
this Assignment and constitute part of the Obligations. Assignor shall reimburse Lender for such
amounts immediately upon demand.
11. Security Interest in Aereements. In addition, Assignor hereby grants to Lender a
security interest in Assignor's right, title, and interest in the Development Agreement and the TIF
Payments, if and to the extent that a security interest may be granted therein under the Uniform
Commercial Code, and Assignor acknowledges that Lender shall have all of the rights and
remedies with respect thereto provided for by the Uniform Commercial Code, in addition to the
other rights and remedies herein granted to Lender, in the event of the occurrence of an Event of
Default.
12. Successors and Assigns. This Assignment shall be binding upon Assignor and its
successors and assigns, and shall insure to the benefit of Lender, its successors and assigns.
Assignor shall not assign its obligations or interests under the TIF Agreement or under this
Assignment without Lender's prior written consent.
13. Governing Law. This Assignment shall be governed by the laws of the State of
Iowa.
14, Validity Clause. This Assignment shall confer to Lender the rights and benefits
described in this Assignment to the full extent allowable by law. The unenforceability or invalidity
of any of the provisions of this Assignment shall not render any other provision or provisions
unenforceable or invalid. Any provision found to be unenforceable shall be severable from this
Assignment without invalidating the remainder of such provision or the remaining provisions of
this Assignment.
Page 607 of 1214
15. Notices And Approvals. Any notice that either party may desire or may be required
to give to any other party shall be in writing and shall be delivered as required under the Loan
Documents, and, with respect to Assignor, shall be sent to the following address: c/o Bellevue
State Bank, 200 S 2nd Street, Bellevue, Iowa 52031.
16. Counterparts. This Assignment may be signed in one or more counterparts, each
of which shall be deemed to be an original and all of which together shall constitute one instrument.
The signature of a party to this Assignment transmitted by facsimile or electronic mail to the other
party shall be deemed an original signature.
SIGNATURE PAGE TO COLLATERAL ASSIGNMENT OF
DEVELOPMENT AGREEMENT
Dated as of the date first set forth above.
ASSIGNOR:
HITZLE RENT
.w
By: Timothy Hitzler, Manager of Hitzler Rental, LLC
STATE OF IOWA )
) SS
COUNTY OF DUBUQUE )
On this 1- day of � 2026, before me, the undersigned, a Notary Public in and for
the State of Iowa, personally appeared Timothy Hitzler and acknowledged said execution of the
instrument to be his/her voluntary act and deed.
IAN C HATCH
Notarial Seal - Iowa Notary Public in and for
Commission Number 82744J2026
Dubuque County, Iowa
My Commission Expires Nov 12,
4
Page 608 of 1214
Lender:
Bellev to Bank L
, -cal CV✓ �Ll
By: Richard H. Prull, Executive Vice President
STATE OF IOWA )
) SS
COUNTY OF JACKSON )
On this day of , 2026, before me, the undersigned, a Notary Public in and for
the State of Iowa, personally a�d Richard 1-1. Prull and acknowledged said execution of the
instrument to be his/her voluntary act and deed.
o••'"` BRANDT MOORE Notary Public in and for
= Commission Number 8 6995 Jackson County, Iowa
My Comm. Exp. jf�4
Page 609 of 1214
CONSENT OF CITY
AND ESTOPPEL
THIS CONSENT OF CITY AND ESTOPPEL is made by the City of Dubuque (the "City")
for the benefit of Bellevue State Bank ("Lender") with respect to that certain Development
Agreement, dated October 20, 2025, between Hitzler Rental, LLC ("Borrower/Developer"
further known as "Assignor"), and the City (the "TIF Agreement").
1. Payment Direction. Upon written request of Lender, City agrees to make all
Economic Development Grants (TIF Payments) (as defined in the Development Agreement)
directly to Lender at the following address: Bellevue State Bank, 200 S 2"d St, Bellevue, Iowa
52031 until Lender further notifies the City that the Obligations have been paid in full and the
Assignment terminated.
2. Consent to Assignment. The City hereby consents to the foregoing Collateral
Assignment of Development Agreement (the "Assignment") and agrees that if Lender notifies the
City in writing that Lender is exercising its right to assume Assignor's rights and obligations under
the Development Agreement, the City shall continue to perform its obligations under the terms of
the TIF Agreement in the manner specified in the therein as ifLender ,were originally a party to
the Development Agreement. Lender's obligations under the foregoing Assignment are not
personal obligations or binding on any of Lender's assets, except Lender's interest in;the Property,
if any.
3. No Release. Nothing in the foregoing Assignment constitutes a release by the City
of Assignor from its obligations under the Development Agreement even if Lender elects to
assume Assignor's rights and obligations thereunder, and to the extent the Development Agreement
is not performed by Lender, Assignor remains responsible to the City for all of its obligations under
the Development Agreement.
3. Notice and Cure Rights. The City shall provide Lender with copies of any notices
given to Assignor under the Development Agreement, in the same manner and at the same time as
required thereunder to the following address: Bellevue State Bank, 200 S 2nd St, Bellevue, Iowa
52031. City agrees that Lender shall have the right to cure any default by Assignor under the
Development Agreement and City agrees to accept any cure of such a default by Lender as if such
cure were tendered or performed by Assignor.
4. Estoppel. City represents and warrants to Lender that as of the date hereof: (i)
the Development Agreement is and remains in full force and effect, (ii) no default currently exists
under the Development Agreement and no condition exists which, with the passage of time, would
constitute a default under the Agreement or would prevent the payment of the Econimic
Development Grants in accordance with the Development Agreement.
5. No Amendment. City agrees that it shall not, without the prior written consent of
the Lender, amend or modify or consent to any modification or amendment of the Development
Agreement.
0
Page 610 of 1214
6. Conflict. Assignor acknowledges that City's consent is granted only insofar as said
terms and conditions do not conflict with the terms of the Development Agreement. Any conflict
between the terms of the Assignment and D e v e l o p m e n t Agreement shall be resolved pursuant
to the language of the Development Agreement.
CITY OF DUBUQUE
By: - fw�
Name:
Title: 1 ' e q (-
Attest: 4-ui "OJ4
Name: Are-
Title: i 7 y o e-f- K
EXIDBIT A
LEGAL DESCRIPTION
Lot 1 of Lot 1 of Lot 5 in Kiene & Altman's Subidivison; and Lot of Lot 239 in Davis Farm, a part of
Dubuque; in the City of Dubuque, Iowa, according to the recorded plat thereof,
Page 612 of 1214
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. 49-26
APPROVING A COLLATERAL ASSIGNMENT OF DEVELOPMENT AGREEMENT BY AND
BETWEEN THE CITY OF DUBUQUE, IOWA AND HITZLER RENTAL, LLC TO BELLEVUE
STATE BANK FOR PROPERTY AT 2541 CENTRAL
Whereas, the City of Dubuque, Iowa (City), and Hitzler Rental, LLC entered into a
Development Agreement (the "Agreement") dated October 20, 2025, providing certain rights and
obligations with respect to the property legally described as
Lot 1 of Lot 1 of Lot 5 of Kiene & Altman's Subdivision in the City of Dubuque, Iowa; and Lot
1-239 of Davis Farm Addition in the City of Dubuque, Iowa
(the Property); and
Whereas, the Agreement provides for certain incentives to Hitzler Rental, LLC for the
completion of the Minimum Improvements; and
Whereas, Hitzler Rental, LLC intends to assign the rights to those certain incentives as
collateral to Bellevue State Bank under a Collateral Assignment of Development Agreement
attached hereto; and
Whereas, the City Council of the City of Dubuque finds that consent to the Collateral
Assignment of Development Agreement is in the best interests of the City of Dubuque; and
Whereas, in accordance with Iowa Code Section 364.7 a public hearing was held to receive
oral and/or written objections from any resident or property owner of said City to such proposed
action.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA THAT:
Section 1. The Collateral Assignment of Development Agreement by and between the City of
Dubuque, Iowa and Hitzler Rental, LLC to Bellevue State Bank is hereby approved.
Section 2. The Mayor is hereby authorized and directed to sign the Collateral Assignment of
Development Agreement on behalf of the City of Dubuque.
Passed, approved, and adopted this 16th day of February, 2026.
Attest:
Adrienne N. Breitfeldet, City Clerk
Brad M. Cam" , Mayor
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:
02/06/2026
and for which the charge is 89.35
Subscribed to before me, a Notary Public in and for
Dubuque County, Iowa,
this 6th day of February, 2026
Notary It
in and for Dubuque Count , Iowa.
PAC S, JANET K. PAPE
Commission Number 199659
My Commission Expires
ioiya 12/11/2028
Ad text
CITY OF DUBUQUE, IOWA
OFFICIAL NOTICE
PUBLIC NOTICE is hereby given that the Dubuque City Council
will conduct a public hearing on the 16th day of February,
2026, at 6:30 p.m., in the Historic Federal Building, 350 W.
6th Street, 2nd floor, Dubuque, Iowa, at which meeting the
City Council proposes to approve a Collateral Assignment of
Development Agreement by and between the City of Dubuque, Iowa
and Hitzler Rental, LLC to Bellevue State Bank, LLC, for the
property located at 2541 Central.
At the meeting, the City Council will receive oral and
written comments from any resident or property owner of said
City to the above action. The official City Council agenda
will be posted the Friday before the meeting and will contain
public input options. The agenda can be accessed at
https://dubuqueia.portal.civicclerk.com/ or by contacting the
City Clerk's Office at 563-589-4100,
ctyclerk@cityofdubuque.org.
Written comments on the public hearing may be submitted to
the City Clerk's Office by email at ctyclerk@cityofdubuque.org
or by mail to City Hall, 50 W. 13th St., Dubuque, IA 52001,
before the scheduled hearing. The City Council will review all
written comments at the time of the hearing.
Documents related to the public hearing are on file in the
City Clerks Office and may be viewed Monday through Friday
between 8:00 a.m. and 5:00 p.m.
Individuals requiring special assistance should contact the
City Clerk's Office as soon as feasible. Deaf or
hard -of -hearing individuals can use Relay Iowa by dialing 711
or (800) 735-2942.
Published by order of the City Council given on the 2nd day of
February, 2026.
Adrienne N. Breitfelder, CMC, City Clerk
RESOLUTION NO. 27-26
FIXING THE DATE FOR A PUBLIC HEARING OF THE CITY COUNCIL OF
THE CITY OF DUBUQUE, IOWA ON A COLLATERAL ASSIGNMENT OF
DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA
AND HITZLER RENTAL, LLC, TO BELLEVUE STATE BANK FOR PROPERTY
AT 2541 CENTRAL
Whereas, the City of Dubuque, Iowa (City), and Hitzler
Rental, LLC entered into a Development Agreement (the
Agreement) dated October 20, 2025; and
Whereas, the Agreement provides for certain incentives to
Hitzler Rental, LLC for the completion of the Minimum
Improvements; and
Whereas, Hitzler Rental, LLC intends to assign the rights to
those certain incentives as collateral to Bellevue State Bank
under a Collateral Assignment of Development Agreement
attached hereto; and
Whereas, the City Council of the City of Dubuque finds that
consent to the Collateral Assignment of Development Agreement
is in the best interests of the City of Dubuque; and
Whereas, before said consent may be given, Iowa Code Section
364.7 requires that the City Clerk publish a notice of the
City's intent to consent and of the time and place of the
meeting at which the City Council proposes to take action
thereon and at which meeting the City Council shall receive
oral and/or written objections from any resident or property
owner of said City to such proposed action.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA THAT:
Section 1. The City Clerk is hereby authorized and directed
to cause a notice to be published as prescribed by Iowa Code
Section 364.7 of a public hearing on the City's intent to
approve the Collateral Assignment of Development Agreement by
and between Hitzler Rental, LLC and Bellevue State Bank, to be
held on the 16th day of February, 2026 at 6:30 p.m. The
official agenda will be posted the Friday before the meeting
and will contain listening, viewing, and public input options.
The City Council agenda may be accessed at
https://dubuqueia.portal.civicclerk.com/ or by contacting the
City Clerk's Office at 563-589-4100,
ctyclerk@cityofdubuque.org.
Section 2. The City Council will meet at said time and place
for the purpose of taking action on the matter of approving
the Collateral Assignment of Development Agreement by and
between Hitzler Rental, LLC and Bellevue State Bank
Section 3. The City Clerk is hereby directed to cause at
least one publication to be made of a notice of said meeting,
in a newspaper, printed wholly in the English language,
published at least once weekly, and having general circulation
in said City, said publication to be not less than four days
nor more than twenty days before the date of said meeting on
the issuance of said Obligations.
Section 4. That the notice of the meeting shall be in
substantially the form attached hereto.
Passed, approved, and adopted this 2nd day of February,
2026.
/sBrad M. Cavanagh, Mayor
Attest: /s/Adrienne N. Breitfelder, City Clerk
It 2/6