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Public Hearing and Approval of Third Amendment to the Lease Agreement with Dubuque County Historical SocietyCity of Dubuque City Council PUBLIC HEARINGS # 3. Copyrighted March 16, 2026 ITEM TITLE: Public Hearing and Approval of Third Amendment to the Lease Agreement by and Between the City of Dubuque, Iowa and the Dubuque County Historical Society SUMMARY: Proof of publication on notice of public hearing to consider City Council adopt the attached resolution approving a Third Amendment to the Lease Agreement between the City of Dubuque, Iowa and the Dubuque County Historical Society, and City Manager recommending approval. RESOLUTION Approving A Third Amendment To The Lease Agreement By And Between The City Of Dubuque, Iowa, And Dubuque County Historical Society SUGGUESTED Receive and File; Adopt Resolution(s) DISPOSITION: ATTACHMENTS: 1. MVM Memo Public Hearing and Approval of Third Amendment to the Lease Agreement DCHS 2. Ham House Lease Third Amendment memo 3-10-2026 3. 2026 Ham House Third Amendment Lease Date Signed 4. Ham House 3rd Amendment Lease Resolution 5. Ham House Third Amendment Lease Date Page 610 of 811 Dubuque THE C D!Uj-!B AII-America Ciq 11111.1 II Masterpiece on the Mississippi YP PP zoo�•*o 13 2017202019 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Public Hearing and Approval of Third Amendment to the Lease Agreement by and Between the City of Dubuque, Iowa and the Dubuque County Historical Society DATE: March 10, 2026 Parks and Recreation Director Matthew Kalcevich is recommending City Council adopt the attached resolution approving a Third Amendment to the Lease Agreement between the City of Dubuque, Iowa and the Dubuque County Historical Society. The City provided a letter of authorization on behalf of the City of Dubuque in support of the Dubuque County Historical Society's application to the Iowa Economic Development & Finance Authority's State Historic Preservation Tax Credit Program for preservation and restoration work on the Mathias Ham House. Recently, the state provided additional information in relation to the Iowa Economic Development and Finance Authority's State Historic Preservation Tax Credit program advising that the lease needs to be 39 years. The current Lease Agreement has a Term ending on May 31, 2054. This does not meet the 39-year requirement. The Third Amendment would extend the Term to May 31, 2066. This will meet the requirements of the State and provide an additional two years in case the process of approval in the second step of the application for tax credits takes more than a year. The Parks and Recreation Commission reviewed the Third Amendment and unanimously approved the recommendation at their February 10, 2026, meeting. I concur with the recommendation and respectfully request Mayor and City Council approval. v Mic ael C. Van Milligen MCVM-sv Attachment Page 611 of 811 cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Matthew Kalcevich, Parks and Recreation Director Steve Fehsal, Park Division Manager Jared Charland, Project and Facilities Manager Kurt Strand, President and CEO Dubuque County Historical Society 2 Page 612 of 811 OF THE CDtUB Dubuque E wa�v Wtuxzr ����I► Masterpiece on the Mississippi P PP -2013 2°017*2019 zoi�*Zoi9 TO: Michael C. Van Milligen, City Manager FROM: Matthew K. Kalcevich, Parks and Recreation Director SUBJECT: Public Hearing and Approval of Third Amendment to the Lease Agreement by and Between the City of Dubuque, Iowa and the Dubuque County Historical Society DATE: March 10, 2026 INTRODUCTION The purpose of this memo is to request the City Council to adopt the attached resolution approving a Third Amendment to the Lease Agreement between the City of Dubuque, Iowa and the Dubuque County Historical Society. BACKGROUND The Second Amendment was brought to the City Council on December 2, 2024. In the memo stated the following: Dubuque County Historical Society requested an extension to the Term and clarifications to the Lease Agreement. This Second Amendment allows grant funders to approve funding based upon the long-term commitment of the City and Dubuque County Historical Society to continue its current relationship as outlined in the original Lease Agreement approved in 2006. The relationship has been beneficial to both parties. The Historical Society specializes in historic structures and the interpretation of those assets. The City specializes in capital projects related to facilities owned by the City. Mathias Ham House and its buildings and grounds are owned by the City of Dubuque. The current Lease Agreement has a Term ending on May 31, 2031. The Second Amendment would extend the Term to May 31, 2054. The Second Amendment also The second amendment also clarified specifics related to the lease. The Amendment passed at this Council meeting. DISCUSSION Page 613 of 811 The City provided a letter of authorization on behalf of the City of Dubuque in support of the Dubuque County Historical Society's application to the Iowa Economic Development & Finance Authority's State Historic Preservation Tax Credit Program for preservation and restoration work on the Mathias Ham House. Recently, the state provided additional information in relation to the Iowa Economic Development and Finance Authority's State Historic Preservation Tax Credit program: In the case of a long-term lease, without the lessor's election pursuant to Treasury Regulation § 1.48-4(a)(1), the lessee's expenditures may be qualified rehabilitation expenditures and the lessee can claim a rehabilitation credit provided certain requirements are met. However, if on the date the rehabilitation is completed, the remaining term of the lease (determined without regard to any renewal periods) is less than the recovery period determined under section 168(c), then the lessee's expenditures are not included as qualified rehabilitation expenditures. • Under I. R. C. § 168(c) the recovery period for residential rental property is 27.5 years and the recovery period for nonresidential real property is 39 years. The current Lease Agreement has a Term ending on May 31, 2054. This does not meet the 39-year requirement. The Third Amendment would extend the Term to May 31, 2066. This will meet the requirements of the State and provide an additional two years in case the process of approval in the second step of the application for tax credits takes more than a year. The Third Amendment to the Lease Agreement was reviewed and approved by Senior Counsel Barry Lindahl. The Third Amendment was reviewed, approved, and signed by the Dubuque County Historical Society. The Parks and Recreation Commission reviewed the Third Amendment and unanimously approved the recommendation at their February 10, 2026, meeting. BUDGETIMPACT There is no budgetary impact related to this Third Amendment to the Lease Agreement. ACTION REQUESTED I respectfully request the City Council adopt the attached resolution approving the Third Amendment to the Lease Agreement between the City of Dubuque, Iowa and the Dubuque County Historical Society. Prepared by: Steve Fehsal, Park Division Manager 2 Page 614 of 811 cc: Jared Charland, Project and Facilities Manager Kurt Strand, President and CEO Page 615 of 811 Prepared by Matthew Kalcevich Parks and Recreation 2200 Bunker Hill Road Dubuque IA 52001 (563) 589-4263 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13"' St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 91-26 APPROVING A THIRD AMENDMENT TO THE LEASE AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA, AND DUBUQUE COUNTY HISTORICAL SOCIETY WHEREAS, City is the owner of a public facility known as Mathias Ham House (the Ham House) which is leased to Dubuque County Historical Society with a legal description of Lots 530, 1 of 531, 2 of 531 and 532 all in Hams Addition, in the City of Dubuque -land WHEREAS, Dubuque County Historic Society desires to extend the current lease period and continue to operate the Ham House; and WHEREAS, the City Council by Resolution No. 66-26, dated March 2, 2026 declared its intent to enter into a Third Amendment to the Lease Agreement by and between the City of Dubuque, Iowa and Dubuque County Historical Society; and WHEREAS, pursuant to a published notice, a public hearing was held on the proposed Third Amendment to the Lease Agreement on March 16, 2026; and WHEREAS, it is the determination of the City Council that approval of the Third Amendment to the Lease Agreement for the public facility known as the Ham House, according to the terms and conditions set out in the lease agreement and its amendments, is in the best interest of the City of Dubuque. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. The Third Amendment to the Lease Agreement by and between the City of Dubuque, Iowa and Dubuque County Historical Society for the Ham House, a copy attached hereto, is hereby approved. Section 2. That the Mayor is hereby authorized and directed to execute the Third Amendment to the Lease Agreement on behalf of the City of Dubuque and the City Clerk is authorized and directed to attest his signature. Section 3. That the City Manager is authorized to take such actions as are necessary to comply with the terms of the Third Amendment to the Lease Agreement as herein approved. Passed, approved, and adopted this 16th day of March 2026. "�- J, David T. Res ick, Mayor Pro Tern Attest: Adrienne N. Breitfelder, city Clerk THIRD AMENDMENT TO LEASE AGREEMENT BETWEEN THE CITY OF DUBUQUE, IOWA AND DUBUQUE COUNTY HISTORICAL SOCIETY �,) This Third A endment to Lease Agreement, dated for reference purposes the day of (r^V'C!', , 20�, is made and entered into by the City of Dubuque, Iowa, a municipal corporation (Lessor) and the Dubuque County Historical Society, an Iowa nonprofit corporation (Lessee). WHEREAS, Lessor and Lessee previously entered into a Lease Agreement dated May 15, 2006 (the Lease Agreement), as amended by the First Amendment and Second Amendment, regarding real property commonly referred to as the "Ham House" located at 2241 Lincoln Avenue, Dubuque, Iowa; and WHEREAS, Lessor and Lessee desire to amend the Lease Agreement as set forth herein. NOW THEREFORE, in consideration of the mutual terms and covenants contained herein, Lessor and Lessee agree as follows: Section 1. Section 1 is amended to read as follows: 1. In consideration of the rents hereinafter reserved and the terms, covenants, conditions and agreements set forth in this Lease, Lessor hereby leases to Lessee the real property commonly referred to as the "Ham House" located at 2241 Lincoln Avenue Dubuque, Iowa, legally described in Exhibit A, attached hereto, together with any and all easements and appurtenances thereto and subject to any easements are restrictions of record (the "Demised Premises"), to have and to hold for a term commencing on June 1, 2006 and terminating at midnight on May 31, 2066, subject to all of the terms, covenants, conditions and agreements contained herein. Section 2. All other terms and conditions of the Lease shall remain in full force and effect. LESSOR: LESSEE: CITY OF DUBUQUE, IOWA By:)a,v t - David T. Resnick, ayor Pro Tern DUBUQUE COUNTY HISTORICAL SOCIETY President and CEO ATTEST: By: A"""' Adrienne N. Breitfelder, tity Clerk 4 3 ice: 5 t I t 'L111, 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: 03/06/2026 and for which the charge is 34.46 S bscribed to fore me, a Notary Public in and for Dubuque County, Iowa, this 6th day of March, 2026 9""� i/' pia", Notary bli in and for Dubuque County, Iowa. �ppiA[ SF JANET K. PAPE o Commission Number 199659 My Commission Expires /a W P 12/11 /2028 Ad text : CITY OF DUBUQUE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on the 16th day of March, 2026 at 6:30 p.m. in the Historic Federal Building, 350 West 6th Street, second floor, Dubuque, Iowa, at which meeting the City Council proposes to approve a Third Amendment to Lease Agreement between the City of Dubuque, Iowa and the Dubuque County Historical Society for the Ham House property legal described as follows: Lots 530, 1 of 531, 2 of 531 and 532 all in Hams Addition, in the City of Dubuque.. 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 Clerk's 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 March, 2026. Adrienne N. Breitfelder, CMC, City Clerk It 3/6