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Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Plan Version 2026.1 Copyrighted April 20, 2026 City of Dubuque PUBLIC HEARINGS # 12. City Council ITEM TITLE: Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Plan Version 2026.1 SUMMARY: Proof of Publication on notice of public hearing to consider adoption for the Amended and Restated Urban Renewal Plan, Version 2026.1 for Dubuque Industrial Center Economic Development District and City Manager recommending approval RESOLUTION Approving the Amended and Restated Urban Renewal Plan, Version 2026.1, for the Dubuque Industrial Center Economic Development District SUGGUESTED Receive and File; Adopt Resolution(s) DISPOSITION: ATTACHMENTS: 1. MVM Memo Amended RURP DICE 2. Staff Memo 3. Dubuque Industrial Center Economic Development District Urban Renewal Plan Version 2026.1 4. Consultation Minutes 5. Resolution Page 672 of 901 Dubuque THE CITY OF � uhA�eMa cin DuB E ; . � , I � � I. Maste iece on the Mississi t 2oo�•zoiz•zois �P Pp zoi�*zoi9 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Resolution of Adoption for the Amendment of the Dubuque Industrial Center Economic Development District Urban Renewal Plan, Version 2026.1 DATE: April 15, 2026 Economic Development Director Jill Connors is recommending City Council adopt the attached Resolution of Adoption for the Amended and Restated Urban Renewal Plan, Version 2026.1 for Dubuque Industrial Center Economic Development District. The proposed Amended and Restated Urban Renewal Plan for the District would expand the District to include property to be designated as a new Subarea Y. The expansion of the District to include Subarea Y, which exists within the Dubuque Industrial Center West Industrial Park on Chavenelle Road, would allow for future development of currently undeveloped land. City staff have been approached by a private developer regarding a potential industrial project on this property. Adding the property to the Urban Renewal Area would make financial incentives available if a development agreement is ultimately reached. 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 673 of 901 Dubuque Economic Development Department THE CITY OF ' ' 1300 Main Street All•Ame�ica City Dubuque,lowa 52001-4763 U� � `��x..,�i�nx ii�:� Office(563)589-4393 , � ► TTY(563)690-6678 � http://www.cityofdubuque.org 2007*2012*2013 Masterpiece on the Mississippi 2oi�*zoi9 TO: Michael C. Van Milligen, City Manager FROM: Jill M. Connors, Economic Development Director SUBJECT: Resolution of Adoption for the Amendment of the Dubuque Industrial Center Economic Development District Urban Renewal Plan, Version 2026.1 DATE: April 10, 2026 INTRODUCTION This memorandum presents for City Council consideration a Resolution of Adoption for the Amended and Restated Urban Renewal Plan, Version 2026.1 for the Dubuque Industrial Center Economic Development District ("District"). The proposed Amended and Restated Urban Renewal Plan ("Urban Renewal Plan") for the District would expand the District to include property to be designated as a new Subarea Y, as. The expansion of the District to include Subarea Y would allow for future development of currently undeveloped land. BACKGROUND The original Dubuque Industrial Center Economic Development District was created on May 2, 1988. The District is an urban renewal area which allows the City of Dubuque to capture tax increment revenue from improvements made in the District in order to promote economic development activities. The original area included the Dubuque Industrial Center (known as Subarea A) and has been expanded several times over the years to include Dubuque Industrial Center West, the County Farm, the Bergfeld Farm, the North Siegert Farm, the Rail Site, the South Siegert Farm, the Graf Farm, McFadden Farms, small adjacent parcels, and several County-owned parcels (known as Subareas B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W and X). DISCUSSION Page 674 of 901 This proposed expansion and amendment of the Dubuque Industrial Center Economic Development District would result in the addition of property, to be designated as a new Subarea Y. The expansion of the District is necessary to encourage future development of the land in Subarea Y. The proposed Subarea Y consists of one parcel of land, which is currently undeveloped. The proposed Subarea Y exists within the Dubuque Industrial Center West Industrial Park on Chavenelle Road. However, the privately-owned land has never been included in the Dubuque Industrial Center Urban Renewal Area. Including Subarea Y in the Urban Renewal Area will allow for and encourage future development of the land. City staff have been approached by a private developer regarding a potential industrial project on this property. Adding the property to the Urban Renewal Area would make financial incentives available if a development agreement is ultimately reached. A consultation process was conducted with the affected taxing entities as required by Chapter 403.5 of the lowa Code. Prior to the meeting, the affected taxing bodies were mailed copies of the Amended and Restated Urban Renewal Plan and the Notice of Public Hearing. The required consultation to discuss, question, or object to the findings in these documents was held Tuesday, March 24, 2026. No written objections or recommended changes to the Amended and Restated Plan were received. On April 10, 2026, the notice of public hearing was published to allow for the appropriate publication requirements for the proposed Amended and Restated Urban Renewal Plan, Version 2026.1 The City of Dubuque has had tremendous success with its economic development approach, receiving multiple national recognitions forjob creation. This is in no small part due to the City's decision in the mid 1990's to acquire and develop over 900 acres of property to provide a 20-year supply of industrial park land. This proposed modification of the District would further the City's goals for economic development. RECOMMENDATION / ACTION STEP I recommend, following the public hearing, the City Council adopt the attached Resolution of Adoption for the Amended and Restated Urban Renewal Plan, Version 2026.1 for Dubuque Industrial Center Economic Development District. 2 Page 675 of 901 Prepared by:Joe Link,City of Dubuque, 1300 Main Street, Dubuque, IA 52001 (563)690-6014 Return to:Adrienne N Breitfelder,City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563)589-4121 AMENDED and RESTATED U RBAN RE N EWAL P LAN Dubuque Industrial Center Economic Development District City of Dubuque, lowa This Amended and Restated Urban Renewal Plan provides for the continued development of the Dubuque Industrial Center Economic Development District, originally established by Resolution 130-88 of the City Council of the City of Dubuque, lowa on May 2, 1988 and thereafter amended and restated by Resolution 484-90 on December 17, 1990, Resolution 142-97 on April 7, 1997, Resolution 478-97 on November 17, 1997, Resolution 15-08 on January 7, 2008, Resolution 101-08 on March 17, 2008, Resolution 109-08 on April 7, 2008, Resolution 87-11 on March 7, 2011, Resolution 171-13 on June 3, 2013, Resolution 197-15 on June 1, 2015, Resolution 309-15 on September 8, 2015, Resolution 332-16 on September 19, 2016, Resolution 157-18 on May 21, 2018, Resolution 158-18 on May 21, 2018, Resolution 380-18 on December 17, 2018, Resolution 387-19 on November 4, 2019, Resolution 125-21 on April 19, 2021, Resolution 125- 21 on April 19, 2021, Resolution 323-21 on September 20, 2021, Resolution 324-21 on September 20, 2021, by Resolution 387-21 on November 1, 2021, by Resolution 197- 22 on May 16, 2022, by Resolution 289-22 on September 6, 2022, by Resolution 290-22 on September 6, 2022, by Resolution 290-22A on November 7, 2022, by Resolution 73- 23 on March 20, 2023, by Resolution 74-23 on March 20, 2023, by Resolution 180-23 on June 5, 2023, by Resolution Page 676 of 901 39-24 on February 19, 2024, by Resolution 40-24 on February 19, 2024, by Resolution 103-25 on March 17, 2025, by Resolution 104-25 on March 17, 2025, by Resolution 290-25 on September 2, 2025, and by Resolution -26 on April 20, 2026. Prepared by the Economic Development Department. Version 2026.1 2 Page 677 of 901 TABLE OF CONTENTS A. INTRODUCTION ..................................................................................................4 B. OBJECTIVES.......................................................................................................4 C. DISTRICT BOUNDARIES....................................................................................5 D. PUBLIC PURPOSE ACTIVITIES.........................................................................5 E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS................................7 F. LAND ACQUISITION AND DISPOSITION ..........................................................8 G. FINANCING ACTIVITIES.....................................................................................9 H. STATE AND LOCAL REQUIREMENTS............................................................ 11 I. DURATION OF APPROVED URBAN RENEWAL PLAN.................................. 11 J. SEVERABILITY ................................................................................................. 12 K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN.............................. 12 L. ATTACHMENTS ................................................................................................ 12 3 Page 678 of 901 AMENDED and RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL PLAN City of Dubuque, lowa A. INTRODUCTION This AMENDED and RESTATED URBAN RENEWAL PLAN (the "Plan") has been prepared to provide for the further development and redevelopment of the DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT (the "District") first established by the City of Dubuque on May 2, 1988. Its intent is to stimulate economic development activities within the expanded District through the commitment of public actions as specified herein. To achieve this objective, the City of Dubuque shall undertake the urban renewal actions specified in this Plan, pursuant to the powers granted to it under Chapter 403 of the lowa Code, Urban Renewal Law. This Plan shall serve as a new urban renewal plan for the District described herein. The Plan shall be viewed as a single plan for purposes of fulfilling the objectives of this Plan. The separate subareas of this Plan (the "Subarea(s)") will be maintained and observed for those purposes which are aided by or in need of the division, but the combined area comprising the District shall be treated together for planning and redevelopment purposes. The division of taxation authorized by Section 403.19 and the separation of incremental taxes as defined in Section 403.19(2) have been implemented in the existing area of the District (the different areas of the District are hereinafter referred to as Subareas). Under the terms of this Plan, the tax increment mechanism shall continue in the existing Subareas and shall be implemented within a new Subarea being added to the District. Incremental taxes shall continue to be determined separately with respect to each of the Subareas comprising the District, and when collected shall be applied, subject to such liens and priorities as may exist or be from time to time provided, with respect to the Amended and Restated Dubuque Industrial Center Economic Development District, as so amended. B. OBJECTIVES The primary objectives of the Plan are the development and redevelopment of the District for economic development activities, primarily industrial park development, through: 4 Page 679 of 901 1. Provision of marketable industrial development sites for the purpose of job- creating economic development activities; 2. Provision of public infrastructure improvements, including sanitary sewer, water and stormwater detention, supportive of full development of the District; 3. Provision of a safe, efficient and attractive circulation system; 4. Establishment of design standards which will assure cohesive and compatible development and redevelopment of the District; 5. Provision of public amenities that provide an aesthetically appealing environment, including open space, buffering, landscaping, water features, signage and lighting to create a distinctive and attractive setting; 6. Creation of financial incentives necessary to encourage new and existing businesses to invest in the District; and 7. Expansion of the property tax base of the District. C. DISTRICT BOUNDARIES The District is located entirely within the County of Dubuque, State of lowa. Most of the District, including all of Subareas A, B, C (as amended), D, E, G, H, K, L, M, N, O, P, Q, R, S, T, U, V, W, and X currently is within the corporate limits of the City of Dubuque. In accordance with lowa Code Section 403.17(4), Dubuque County consented to the inclusion of Subarea F in the District in a Joint Agreement between the City and County, dated April 20, 2015. The City expects that Subarea F ultimately will become part of the City of Dubuque. In accordance with lowa Code Section 403.17(4), Dubuque County consented to the inclusion of Subareas I and J in the District in a JointAgreement between the City and County, dated August 8, 2016. This Plan creates a new subarea within the District, Subarea Y, by adding property to the District (see Attachment D). The City of Dubuque believes that the objectives of the Plan can best be accomplished by defining the real property included within the District as twenty-five separate areas so as to distinguish the original District (Subarea A) from the subsequent expansion areas (Subareas B (as amended), C (as amended), D, E (as amended), F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, and Y). The descriptions of the boundaries of each Subarea are attached to this Plan as ATTACHMENT D, District Boundary Description by Subarea. The boundaries of the District are delineated on the Subarea Map, attached to this Plan 5 Page 680 of 901 as ATTACHMENTS A-1 and A-2). The City of Dubuque reserves the right to further modify the boundaries of the District at some future date. Any amendments to the Plan will be completed in accordance with Chapter 403 of the lowa Code, Urban Renewal Law. D. PUBLIC PURPOSE ACTIVITIES To meet the OBJECTIVES of this Plan, the City of Dubuque has and expects to continue to initiate and support development and redevelopment of the District through, among other things, the following PUBLIC PURPOSE ACTIVITIES: 1. Acquisition of property for public improvements and private development; a.) These activities include, but are not limited to, previously approved consultant work that will examine and identify future areas for acquisition and industrial park development. b.) These activities also include the acquisition of property that is included in the previously approved Subareas of this Plan. c.) These activities also include the acquisition of property that is included in Subarea T. 2. Demolition and removal of buildings and improvements not compatible with or necessary for industrial park development and all site preparation and grading required in connection with such development; a.) These activities include, but are not limited to, the previously approved site work and grading associated with the development of the Dubuque Industrial Center, the Dubuque Industrial Center West and Dubuque Industrial Center South. 3. Improvement, installation, construction and reconstruction of streets, utilities and other improvements and rights-of-ways including but not limited to the relocation of overhead utility lines, street lights, construction of railroad spur tracks, appropriate landscaping and buffers, parks and open space and signage; a.) These activities include, but are not limited to, future and previously approved development of road, water, wastewater, and storm water infrastructure associated with the development of the Dubuque Industrial Center, the Dubuque Industrial Center West and the Dubuque Industrial Center South. b.) These activities include, but are not limited to, the previously approved development of the Bergfeld recreational area, pond, and walking trail, as well as additional signage and trail 6 Page 681 of 901 improvements. c.) These activities also include the construction and installation of supporting infrastructure within the District. 4. Disposition of any property acquired in the District, including sale, initial leasing or retention by the City itself, at its fair value; 5. Preparation of property for development and redevelopment purposes including but not limited to activities such as appraisals and architectural and engineering studies; a.) These activities include, but are not limited to, the previously approved site work and grading associated with the development of the Dubuque Industrial Center, the Dubuque Industrial Center West and Dubuque Industrial Center South. 6. Maintenance of publicly utilized recreational and economic development areas; a.) These activities include, but are not limited to, general landscaping and maintenance expenses in public right-of-way and undeveloped land owned by the City of Dubuque. 7. Use of tax increment financing, loans, grants and other appropriate financial tools in support of eligible public and private development and redevelopment efforts; • These activities also include, but are not limited to, previously approved property tax rebate agreements with: • Leo A. Theisen and Theisen Supply, Inc.; • A.Y. McDonald Mfg. Co.; • Green Industrial Supply, Inc.; • Walter Development, LLC and TM, Inc.; • Spiegel Family Realty Company; • Progressive Processing, LLC/Hormel; • ITC Midwest LLC; • Medline Industries, Inc. (November 2007); • Art's-Way Vessels, Inc.; • Kendall/Hunt Publishing Company, Westmark Enterprises, Inc. and Great River Technologies, LLC.; • P&L Venture, LLC, and National Dentex; • Dubuque Screw Products, Inc.; • Giese Properties, LLC and Giese Manufacturing Company, Inc. (Phase I, II, and III); 7 Page 682 of 901 • Faley Properties, L.L.C. and Faley Enterprises, Inc.; • Malay Holdings, LLC, and Vanguard Countertops, Inc.; • Tri-State Industries Inc.; • TriState Quality Metals, LLC; • Roasting Solutions, LLC; • Flexsteel Industries, Inc.; and • Medline, Industries, Inc. (May 2018) • Walter Development, LLC • Walter Development, LLC, BAS Development, LLC, and Unison Solutions, Inc. • Simmons Pet Food, Inc. • Scherr Real Estate, LLC, and Dubuque Screw Products, Inc. • Green Industrial Properties, L.L.C., Innovation Properties, L.L.C., and Green Industrial Supply, Inc. • Geisler Realty, LLC, and Dubuque Steel Products, Inc. • Seippel Warehouse, LLC • Vanguard Enterprises, Inc. • SJR Properties, L.L.C. • Outfly Development, LLC • These activities include, but are not limited to, previously approved agreements to sell bonds, leveraging tax increment financing on capital improvement for; • American Tank and Fabrication, Co. (formerly Vessel Systems, Inc.)for the development of a 31,000 square feet industrial manufacturing facility at 8025 Chavenelle Road. • The Adams Company for the development of a 50,000 square foot industrial facility at 8040 Chavenelle Road. • The City expects to consider requests for additional development agreements for projects that are consistent with this Plan, as amended, in the City's sole discretion. Such additional agreements are unknown at this time, but based on past history and dependent on development opportunities and climate, the City expects to consider a broad range on incentives as authorized by this Plan, as amended, including, but not limited to, land, loans, grants, tax rebates, public infrastructure assistance, and other incentives. The costs of such additional development agreements will not exceed $10,000,000 8. Enforcement of applicable local, state and federal laws, codes and 8 Page 683 of 901 regulations; 9. Enforcement of established design standards in furtherance of quality development; 10. Development and implementation of a marketing program for the purpose of promoting the purchase and development of industrial sites by private developers; 11. Coordination and cooperation with the improvement of Seippel Road as it affects accessibility to U.S. Highway 20 from Subareas B, C, E, F, I, J. 12. Contracts with vendors to promote business retention, expansion, recruitment, and workforce development; a.) These activities include, but are not limited to, a contract for service with the Greater Dubuque Development Corporation to promote business retention and expansion, workforce development, new business recruitment and commercial and industrial expansion in the District. b.) These activities include, but are not limited to, related legal expenses. 13. Construction by the County of one or more County-owned buildings in Subareas I and/or J. a.) These activities include the support of the County's investment of Dubuque County funds into the construction of a new office building and a new maintenance and storage shop on certain County-owned real property situated at 13047 City View Drive for use by the County's Secondary Roads, Health, Zoning and County Assessor Departments. The County funding for this project may come from borrowed funds through the issuance of general obligation indebtedness or such other sources as the County may identify in the future. It is not anticipated that the City or TIF funds from the District will finance this project in any way. 14. Design and construction buildout of one or more City leased buildings in Subarea B. a.) These activities include the use of tax increment in the District to finance the design and construction buildout of a City Data Center in leased space located at 7900 Chavenelle. Cost for this project is not anticipated to exceed $300,000. Public purpose activities are limited to those areas delineated on the URBAN RENEWAL 9 Page 684 of 901 DISTRICT map (Attachments A-1 and A-2). All public purpose activities shall be conditioned upon and shall meet the restrictions and limitations placed upon the District by the Plan. E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall apply to any and all District properties the development and/or the redevelopment of which is assisted by the City through any of the PUBLIC PURPOSE ACTIVITIES listed above. 1. Land Use Subareas A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, and Y shall continue to be developed under the regulations of the existing Dubuque Industrial Center Planned Industrial District. The allowed uses provide for a mix of commercial and industrial land use activities within a quality industrial park setting. LAND USE maps (Attachments B-1 and B-2) identify the existing and the proposed land uses within Subareas A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, and Y. 2. Planning and Design Criteria The planning criteria to be used to guide the physical development of Subareas A, B, C, D, E, F, G, H, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, and Y are those standards and guidelines contained within the City of Dubuque's Unified Development Code and other applicable local, state and federal codes and ordinances. a. Subarea A development will continue to be additionally governed by the Conditions of Development and Operation Documents of the Dubuque Industrial Center Planned Industrial District as amended from time to time. b. Subareas B, C, D, E, F, K, N, O, P, Q, R, S, T, U, V, W, X, and Y will develop under a PI Planned Industrial District ordinance as required by Section 16- 5-24 of the City of Dubuque's Unified Development Code. Development will follow the Planned Unit Development regulations which require a conceptual development plan and specific design and performance standards to be approved by ordinance. c. Subareas G, H, L, and M are intended to develop as an Industrial area similar to Subareas B, C, D, E, and F. d. Subareas I, J, and a portion of Subarea P are located in Dubuque County outside of City of Dubuque corporate limits and therefore are not subject to 10 Page 685 of 901 City Development Codes. F. LAND ACQUISITION AND DISPOSITION The City of Dubuque is prepared to acquire and dispose of property in support of the development and redevelopment of the District within the parameters set forth below. 1. Land Acquisition The City has acquired substantially all of the land located within the District, except Subareas I and J, and has made the same available for private development in accordance with this Plan. 2. Land Disposition All City owned land that is available for development within the District, will be sold for the development of viable uses consistent with this Plan and not for purposes of speculation. Land will be disposed of in accordance with the requirements set forth in Chapter 403 of the lowa Code, Urban Renewal Law. Developers will be selected on the basis of the quality of their proposals and their ability to carry out such proposals while complying with the requirements of this Plan. Developers will be required by contractual agreement to observe the Land Use Requirements and Planning and Design Criteria of this Plan. The contract and other disposition documents will set forth the provisions, standards and criteria for achieving the objectives and requirements outlined in this Plan. 3. Relocation Requirements No relocation is anticipated at this time; however, if any relocation is necessary as part of the eligible urban renewal projects, the City will follow all applicable relocation requirements. G. FINANCING ACTIVITIES To meet the OBJECTIVES of this Plan and to encourage the development of the District and private investment therein, the City of Dubuque is prepared to provide financial assistance to qualified industries and businesses through the making of loans or grants under Chapter 15A of the lowa Code and through the use of tax increment financing under Chapter 403 of the lowa Code. 1. Chapter 15A Loan or Grant 11 Page 686 of 901 The City of Dubuque has determined that the making of loans or grants of public funds to qualified industries and businesses is necessary to aid in the planning, undertaking and completion of urban renewal projects authorized under this Plan within the meaning of Section 384.24(3)(q) of the lowa Code. Accordingly, in furtherance of the objectives of this Plan, the City of Dubuque may determine to issue bonds or loan agreements, in reliance upon the authority of Section 384.24A, Section 384.24(3)(q), Section 403.12 (general obligation bonds) or Section 403.9 (tax increment bonds), for the purpose of making loans or grants of public funds to qualified businesses located within the District. Alternatively, the City may determine to use available funds for the making of such loans or grants. In determining qualifications of recipients and whether to make any such individual loans or grants, the City of Dubuque shall consider one or more of the factors set forth in Section 15A.1 of the lowa Code on a case-by-case basis. 2. Tax Increment Financinq The City of Dubuque is prepared to utilize tax increment financing as a means of financing eligible costs incurred to implement the Public Purpose Activities identified in Part D of this Plan. Bonds, tax rebate agreements and/or loan agreements may be issued by the City under the authority of Section 403.9 of the lowa Code (tax increment bonds) or Section 384.24A, Section 384.24(3)(q) and Section 403.12 (general obligation bonds). The City acknowledges that the use of tax increment revenues delays the ability of other local taxing bodies to realize immediately the direct tax benefits of new development in the District. The City believes, however, that the use of tax increment revenues to finance the development of new industrial land and to promote private investment in the District is necessary in the public interest to achieve the OBJECTIVES of this Plan. Without the use of this special financing tool, new investment may not otherwise occur or may occur within another jurisdiction. If new development does not take place in Dubuque, property values could stagnate and the City, County and School District may receive less taxes during the duration of this Plan than they would have if this Plan were not implemented. Tax increment financing will provide a long-term payback in overall increased tax base for the City, County and School District. The initial public investment required to generate new private investment will ultimately increase the taxable value of the District well beyond its existing base value. Tax increment reimbursement may be sought for, among other things, the following costs to the extent they are incurred by the City: a. Planning and administration of the Plan; b. Construction of public infrastructure improvements and facilities within the 12 Page 687 of 901 District; c. Acquisition, installation, maintenance and replacement of public investments throughout the District including but not limited to street lights, landscaping and buffers, signage and appropriate amenities; d. Acquisition of land and/or buildings and preparation of same for sale or lease to private developers, including any "write down" of the sale price of the land and/or building; e. Preservation, conservation, development or redevelopment of buildings or facilities within the District to be sold or leased to qualified businesses; f. Loans or grants to qualified businesses under Chapter 15A of the lowa Code, including tax rebate payments, debt service payments on any bonds issued to finance such loans or grants, for purposes of expanding the business or activity, or other qualifying loan programs established in support of the Plan; g. Providing the matching share for a variety of local, state and federal grants and loans; and h. Any of the costs incurred in connection with any of the PUBLIC PURPOSE ACTIVITIES described in Part D of this Plan. 3. Proposed Amount of Indebtedness At this time, the extent of improvements and new development within the District is only generally known. As such, the amount and duration for use of the tax increment revenues for public improvements and/or private development can only be estimated; however, the actual use and amount of tax increment revenues to be used by the City for District activities will be determined at the time specific development is proposed. It is anticipated that the maximum amount of indebtedness which will qualify for tax increment revenue reimbursement during the duration of this Plan, including acquisition, public improvements and private development assistance within the District, will not exceed $70,500,000. The City of Dubuque's current general debt subject to the statutory debt limit is $108,410,165 (a list of the outstanding obligations is found at Attachment C) and the current statutory debt limit is $323,629,585. H. STATE AND LOCAL REQUIREMENTS All provisions necessary to conform with state and local laws have been complied with by 13 Page 688 of 901 the City of Dubuque in the implementation of this Plan and its supporting documents. I. DURATION OF APPROVED URBAN RENEWAL PLAN 1. Subarea A This Plan shall continue in effect for Subarea A until terminated by action of the City Council, but in no event before the City of Dubuque has received full reimbursement from all incremental taxes of its advances and principal and interest payable on all Tax Increment Financing or general obligations issued to carry out the OBJECTIVES of the Plan. 2. Subareas B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, and Y This Plan shall continue in effect until terminated by the City Council; provided, however, that the collection of tax increment revenues from properties located in Subareas B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, and Y shall be limited as provided by law (currently twenty (20) years from the calendar year following the calendar year in which the City first certifies to the County Auditor the amount of any loans, advances, indebtedness or bonds which qualify for payment from the division of tax increment revenue as provided for in Section 403.19 (tax increment financing)of the lowa Code, or in which the City first includes the Subarea in an ordinance for the division of tax increment revenue). The DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS established, or as amended from time to time by the City of Dubuque Zoning Ordinance, shall remain in effect in perpetuity. J. SEVERABILITY In the event one or more provisions contained in this Plan shall be held for any reason to be invalid, illegal, unauthorized or unenforceable in any respect, such invalidity, illegality, unauthorization or unenforceability shall not affect any other provision of this Plan and this Plan shall be construed and implemented as if such provision had never been contained herein. K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN This Plan may be amended from time to time to respond to development opportunities. Any such amendment shall conform to the requirements of Chapter 403 of the lowa Code. Any change effecting any property or contractual right can be effectuated only in accordance with applicable state and local law. L. ATTACHMENTS 14 Page 689 of 901 A Urban Renewal District Map A-1 District Map A-2 New Subarea Map B Land Use Maps B-1 Existing Land Use B-2 Proposed Land Use C List of General Obligation Debt D Legal Descriptions 15 Page 690 of 901 _ �4r_ ...��11 T � EXHIBITA- 1 ►. � � � L HpMYNSYLVANIA AVE �MIDDLE RD - z 0 � K � G � 2026. 1 Dubuque Industrial Center R N A Economic Development District F X W B Q �HAVENEILE RD Y HU � _ _ � �'ocF ��qRl ITE DR J�, 9GF MKE RD � � � � 1 � �F � o `_ - � �'4��'�� c�Qk' � `3• �� OLD HIGHWAY RD - O V S U � E� �---�_-�� - - / ; �@ �p� �.�o i �� Q��`PO � ti � �� v Z� �p� � 'I �' ,buque City Li bar barea R �� barea A � Suba' barea S �� .' ; � — Subarea B r Subar rea C Subarea L � 0 rea D Subarea M ,�QQ � ubare �� bar � �'� P ql��'RD bar, area � '.•- .• • •1 _ �4r_ ...��11 T � EXH I B IT A-2 ►. � � � L HpMYNSYLVANIA AVE �MIDDLE RD - z 0 � K � G � 2026. 1 Dubuque Industrial Center R N A Economic Development District F X W B Q �HAVENE E RD D Y ��GF slq 9GF _ m 1TE DR J�, HUMKERp � � - � o � `.�� . / � `F�q,p�,�o G ,�/ . ! ff� , d ..I . � CHAVENE��E�O , OLD HIGHWAY RD - � � A '. Y "�` v S � � . , ..� ..:.. " �., E� _ � �--�-_�� D � " �� `�� Subarea Y af the district shall inclu II ��^ fallowing described property: - - / ; Lot 2 of McFadden Farm Place#3 in the City � , -a� �o of Dubuque,lowa �� 5�� .�Q��`PO� _, V Z� �� '� �c, 'I �' ,buque City Li bar barea R �� barea A � Suba' barea S �� .' ; � — Subarea B r Subar rea C Subarea L � 0 rea D Subarea M ,�QQ � ubare �� bar � �'� P ql��'RD bar, area � '.•- .• • •1 W A_ r � � a Z EXHIBIT B- 1 : EXISTING LAND USE � � i � � MIDDLE�RD - PENNSYLVANIA�AVE � • � 2026. 1 Dubuque Industrial Center v r Economic Develo ment District p N ��AVfNEILE�RD �atS�F �T � yIRID�E '�c� ,r \- � �MKE'R� o �,,, = � __, �'F Q o � _ � . � ��S� �q�p�,�P ��'� �,� O � -- � � `-�� - `ff'.p� � 9G�' �� _ OI.D HIGHWAY�� __ , • � � � � O �� _ ��'� L�'� � � `,o� �� O�'`� � , -�� - ti ��. � � e City Limits Light Industrial M��►TARrRo �riculture r Office �� mmercial Parks & Open Space - o,� `P `�`q`! �G�KEp� SWISSVq��EYRD �� i�� Z EXH I B IT B-2: PROPOSED LAND USE _ PENNSYWANIAAVE D 2026. 1 Dubuque Industrial Center MIDDLE RD � +w v r Economic Develo ment District � p . �HAVENEI�E RD �RfS�F `�GF � r ?T9jD�E �� q�'F HUMKE Rp o �~ � �� `FD�� OLD HIGHWAY RD �, _ - � �,� �� _ o � �U ___ ;; , __ _��_ � � + � �Z � o � �� . a � � _ � � a � H W O - V Q� ��.Q'S`PO� 47- �f7 i �(7 � uque n ustri e se � ubuque City Limits r Multi-Family Residential �� ommercial r Office � - �avy Industrial Parks & Open Sp �° - ;;� ��Q �Light Industrial Single Family Re . `Q �. ��o , ��RKEo� '.�- .•� • •1 Attachment C - List of General Obligation Debt Debt Management City of Dubuque Summary of Bonded Indebtedness Date Average Year of Amount Principal Principal Interest Principal of Interest Final of Outstanding Due Due Outstanding Description Issue Rate Payment Issue 6/30/25 FY 2026 FY 2026 6/30/26 General Obligation Bonds (Essential Corporate Purpose) Airport New Terminal Furnishings ST20 Ref 6/2/21 2.00 % 2026 $ 25,000 $ 5,100 $ 5,100 $ 102 $ - Airport Improvements Refunding 4/17/17 3.00 % 2030 282,200 115,800 24,800 3,474 91,000 Airport Improv-PFC Refunding 2012C 6/2/21 2.00% 2032 1,353,033 898,389 119,889 17,968 778,500 Airport Terminal Utility Improv-PFC 6/2/21 2.00 % 2034 490,000 350,000 35,000 7,000 315,000 Airport New Terminal Roads/Parking 4/4/16 2.79% 2036 635,927 371,199 31,652 11,003 339,547 Airport Reconstruct Taxiway Alpha 3/3/25 4.33 % 2044 534,004 534,004 12,684 29,983 521,320 Airport Improvements-FY26 Future 4.50% 2046 1,000,500 - 1,000,500 Building-Conf Center Energy Improv 6/20/19 3.00 % 2027 187,136 47,872 23,936 1,436 23,936 Building 18th Street Improv Sales Tax 20% 3/19/18 3.05 % 2026 391,913 56,545 56,545 1,782 - Building City Hall Brickwork-ST20% 6/20/19 3.00 % 2027 236,448 64,329 32,164.56 5,325.95 32,164 Building Smart Meters Refunding 4/17/17 3.00% 2030 45,400 18,600 4,000 558 14,600 Building Federal Building Roof-ST20°/o 4/4/16 2.79 % 2035 268,404 156,672 13,359 4,644 143,313 Building 2nd Floor Engine House#1 08/01/203 4.70 % 2043 207,060 200,246 7,228 9,552 193,018 Civic Center Improvements-Sales Tax 20% 6/20/19 3.00 % 2027 323,146 87,916 43,958 7,279 43,958 Civic Center Chair Platform Section 3 6/20/19 3.00% 2027 59,340 15,180 7,590 455 7,590 DICW Expansion-South Siegert Farm 3/19/18 3.05 % 2026 239,534 34,559 34,559 1,088 - DICW North Siegert Refunding 4/17/17 3.00% 2029 1,285,000 480,000 115,000 14,400 365,000 DICW Expansion Consult Refund 2012H 6/2/21 2.00 % 2032 95,580 63,366 8,496 1,267 54,870 DICW Exp S Siegert Refundin 2012C Tax 6/2/21 2.00% 2032 2,498,375 1,658,875 221,375 33,178 1,437,500 DICW Expansion-South Siegert Farm-Ex 6/20/19 3.00 % 2032 305,357 178,938 24,367 4,035 154,571 DICW Refund 2014C Taxable 6/2/21 2.00% 2034 1,145,000 825,000 80,000 16,500 745,000 DICW Webber Property 6/29/22 4.36 % 2042 5,500,000 5,405,000 50,000 230,713 5,355,000 DICWChavenelle Road-Non-Taxable 6/2/21 2.00% 2041 1,265,000 1,095,000 60,000 21,900 1,035,000 E911 Tower Relocation-Sales Tax 20% 6/20/19 3.00 % 2027 141,869 38,597 19,299 3,196 19,299 Finance General Ledger Software 6/2/21 2.00 % 2041 244,239 205,640 11,314 4,113 194,326 Finance General Ledger Software 6/29/22 4.07 % 2042 420,457 383,037 18,710 16,267 364,327 Fire Station#4 Improvements-Gaming 6/20/19 3.00 % 2027 188,054 41,522 20761 3438 20,761 Fire Truck Refunding-Debt Service Levy 4/17/17 3.00 % 2030 951,500 390,700 83,700 11,721 307,000 Fire Station#2 ST20 20 yr Refund 2014B 6/2/21 2.00% 2034 85,217 68,946 6046 1379 62,900 Park Imp ST20 20 yr Refund 2014B 6/2/21 2.00 % 2034 124,780 100,954 8,854 2,019 92,100 Fire Ambulance Replacement 4/17/17 3.00% 2030 230,000 100,000 20,000 3,000 80,000 Fire Structural Repairs 5&6/Quick Pump 6/20/19 3.00 % 2039 448,875 448,875 13,466 448,875 Fire Ladder/Pumper/HVAC FY21 6/2/21 2.00% 2041 810,153 682,118 37,528 13,642 644,590 Fire Ladder/Pumper/Ambulance 6/29/22 4.07 % 2042 1,924,543 1,761,963 81,290 70,677 1,680,673 Fire HVAC 08/01/203 4.70% 2043 188,790 182,570 6598 8,720 175,972 Fire Ambulance/Equipment/Building Improv 3/3/25 4.33 % 2044 3,653,911 3,653,911 86,820 205,227 3,567,091 Fire Ladder/Pumper 3/3/25 5.04% 2044 2,141,750 2,141,750 48,750 130,719 2,093,000 Fire Equipment Replacement-FY26 Future 4.50 % 2046 401,600 - 401,060 Fire Station Improvements-FY26 Future 4.50 % 2046 100,000 - 100,000 Franchise Fee Settlement Judgment Bond 4/4/16 2.93 % 2035 2,830,000 1,615,000 145,000 50,825 1,470,000 GDTIF Colts Building Renovation 6/20/19 3.00 % 2039 1,575,000 1,295,000 75,000 38,850 1,220,000 GDTIF-Parks Jackson/Clock Non-Taxable 6/2/21 2.00 % 2041 535,000 535,000 30,000 10,700 505,000 GDTIF-DT Parking Ramp 6/2/21 2.00% 2036 880,167 760,764 61,407 15,215 699,357 GDTIF Eng Dock Expansion 6/2/21 2.00 % 2036 409,833 354,235 28,593 7,085 325,642 246 Page 695 of 901 Attachment C - List of General Obligation Debt Debt Management Date Average Year of Amount Principal Principal Interest Principal of Interest Final of Outstanding Due Due Outstanding Description Issue Rate Payment Issue 6/30/25 FY 2026 FY 2026 6/30/26 GDTIF DT Parking Ramp 6/29/2022 4.36 % 2042 975,000 935,000 40,000 39,853 895,000 GDTIF Docks/Five FlagsAC 6/29/22 4.36 % 2042 745,000 715,000 30,000 30,468 685,000 GDTIF Five Flags/Parking Ramps 8/1/23 4.70% 2043 1,080,000 1,045,000 40,000 49,933 1,005,000 GDTIF Chaplain SchmittAmphitheater 3/3/25 5.06 % 2044 8,945,000 8,945,000 - 451,239 8,945,000 GDTIFABC/Parking/Federal Building 3/3/25 5.04 % 2044 5,075,000 5,075,000 115,000 309,787 4,960,000 GDTIF Reimagine Comiskey-FY26 Future 4.50 % 2046 1,697,000 - - - 1,697,000 GDTIF Federal Building Renovation-FY26 Future 4.50% 2046 945,600 - 945,600 GDTIF Parking Ramp Major Maint-FY26 Future 4.50 % 2046 2,857,400 - - - 2,857,400 GDTIF Downtown Housing Refunding 4/17/17 3.00% 2030 2,120,000 970,000 180,000 31,705 790,000 GDTIF Millwork District Refunding 4/17/17 3.00 % 2030 2,080,000 910,000 170,000 27,300 740,000 GDTIF-7th SU2-Way Conversion 6/2/21 2.00% 2031 3,204,576 2,021,405 315,265 40,428 1,706,140 GDTIF-Intermodal 2012A Refunding 6/2/21 2.00 % 2031 2,545,000 1,605,000 250,000 32,100 1,355,000 GDTIF 5th St Restroom/MFC 2012H Ref 6/2/21 2.00% 2032 1,254,420 831,634 111,504 16,633 720,130 GDTIF Wash Neigh Refunding 2012C Tax 6/2/21 2.00 % 2032 493,592 327,736 43,736 6,555 284,000 GDTIF 2014C Taxable Refunding 6/2/21 2.00% 2034 5,385,000 3,885,000 395,000 77,700 3,490,000 GDTIF 20146 Refunding 6/2/21 2.00 % 2034 155,000 115,000 10,000 2,300 105,000 Library Improvements-Sales Tax 20% 6/20/19 3.00% 2022 39,408 10,721 5,361 888 5,361 Library Improvements Sales Tax 20% 6/2/21 2.00 % 2027 84,526 28,737 14,297 575 14,440 Park Development-Sales Tax 20%FY26 Future 4.50 % 2046 505,000 505,000 Park Improvements-Sales Tax 20% 6/20/19 3.00 % 2027 47,290 12,866 6,433 1,065 6,433 Park Water System Study Refunding 4/17/17 3.00% 2030 60,000 24,600 5,300 738 19,300 Park Ham House-Sales Tax 20% 4/4/16 2.79 % 2035 200,668 117,132 9,988 3,472 107,144 Park Skate Park 6/20/19 3.00% 2027 613,524 156,948 78,474 4,708 78,474 Parking Port of Dubuque Parking Ramp 3/19/18 3.05 % 2026 373,553 53,896 53,896 1,698 - Parking Central Ave Ramp Refunding 4/17/17 3.00% 2030 6,380,000 2,430,000 575,000 72,900 1,855,000 Parking lowa Street Ramp Improvements 3/19/18 2.91 % 2031 45,516 23,502 3,597 705 19,905 Parking Locust Ramp Security Cameras 6/20/19 3.00% 2033 126,054 67,711 9,747 1,614 57,964 Parking Improvements Refunding 2014B 6/2/21 2.00 % 2034 125,000 85,000 10,000 1,700 75,000 Parking Improvements Taxable Ref 6/2/21 2.00% 2034 220,000 160,000 15,000 3,200 145,000 Police CAD Software-Gaming Ref 6/2/21 2.00 % 2030 160,000 90,000 20,000 1,800 70,000 Public Works Equip Refunding 4/17/17 3.00% 2030 392,000 160,900 34,500 4,827 126,400 Public Works Radio Replacement 3/19/18 2.91 % 2028 110,000 34,874 10,732 1,046 24,142 PW Curb Ramp/Engineering Street Improv 6/2/21 2.00 % 2034 885,000 645,000 65,000 12,900 580,000 Rec Improvements Sales Tax 20%Ref 6/2/21 2.00 % 2028 7,572 3,309 1,092 66 2,217 Rec Ice Center Settling Remediation/Imp 08/01/203 4.70% 2043 4,614,150 4,462,185 161,175 213,016 4,301,010 Rec Ice Center Dehumidification 3/3/25 5.04 % 2044 1,153,250 1,153,250 26,250 70,387 1,127,000 Sanitary Improvements Refunding 4/17/17 3.00% 2030 660,000 290,000 55,000 8,700 235,000 Sanitary Sewer Improvements 3/19/18 2.91 % 2031 1,030,009 531,819 81,402 15,954 450,417 Sanitary Forcemain Refunding 2012E 6/2/21 2.00% 2032 376,122 242,934 34,096 35,162 208,838 Sanitary Sewer Improvements 6/20/19 3.00 % 2033 1,124,412 657,648 87,722 14,525 569,926 Sanitary Sewer Improvements Ref 6/2/2021 2.00 % 2034 4,390,000 3,160,000 320,000 63,200 2,840,000 Sanitary Sewer Improvements 4/4/16 2.79 % 2035 2,405,000 1,405,000 125,000 41,606 1,280,000 Solid Waste Collection Refunding 4/17/17 3.00% 2030 51,300 21,100 4500 633 16,600 Solid Waste Collection 3/19/18 2.91 % 2031 27,447 14,172 2,169 426 12,003 Solid Waste Collection 3/3/25 4.33% 2044 862,085 862,085 20,484 48,421 841,601 Solid Waste Collection-FY26 Future 4.50 % 2046 220,000 - 220,000 Stormwater Refunding 4/4/16 2.91 % 2028 6,270,000 760,000 245,000 22,800 515,000 Stormwater Improvements Refunding 4/17/17 3.00 % 2030 2,015,000 835,000 170,000 25,050 665,000 Stormwater Improvements 3/19/18 2.91 % 2031 1,714,542 885,275 135,501 26,558 749,774 Stormwater Improvements Ref 6/2/21 2.00 % 2031 1,115,424 703,595 109,735 14,072 593,860 Stormwater Improvements Ref 6/2/21 2.00% 2032 77,131 49,818 6,992 996 42,826 Stormwater Improvements 6/20/19 3.00 % 2033 290,796 174,110 24,367 4,035 149,743 Stormwater Upper Bee Branch SRF NA 4/30/21 1.18% 2037 22,138,000 16,114,000 1,258,000 230,430 14,856,000 Streetlight Replacement Refunding-ST 4/17/17 3.00 % 2030 4,900 2,100 400 63 1,700 Street FEMA Land Buyout-Gaming 6/20/19 3.00% 2027 64,901 16,960 8,480 1,404 8,480 Street Fiber/Sidewalk/Lights Refunding RUT 4/17/2017 3.00 % 2030 258,600 106,200 22,800 3,186 83,400 StreetSouthwestArterial 3/19/2018 2.91 % 2031 771,557 398,383 60,977 11,952 337,406 Street SouthwestArterial-Refunding 2012E 6/2/21 2.00 % 2032 827,747 576,371 70,002 11,527 506,369 247 Page 696 of 901 Attachment C - List of General Obligation Debt Debt Management Date Average Year of Amount Principal Principal Interest Principal of Interest Final of Outstanding Due Due Outstanding Description Issue Rate Payment Issue 6/30/25 FY 2026 FY 2026 6/30/26 Transit Radio Replacement 3/19/18 2.91 % 2028 95,000 30,124 9,268 904 20,856 Transit Midtown Transfer 6/20/19 3.00 % 2039 216,125 216,125 6,484 216,125 Transit Vehicle Replacement 6/2/21 2.00 % 2041 780,609 657,243 36,159 13,145 621,084 WaterSystem Improvements 3/19/18 2.91 % 2031 1,155,930 596,846 91,354 17,906 505,492 Water Improv Refunding 2012E 6/2/21 2.00% 2032 369,768 238,830 33,520 4,777 205,310 WaterSystem Improvements 6/20/19 3.00 % 2033 1,323,107 773,684 102,342 16,946 671,342 Water System Improvements Ref 6/2/21 2.00% 2034 7,470,000 5,380,000 550,000 107,600 4,830,000 WaterSystem Improvements 4/4/16 2.79 % 2035 635,000 375,000 35,000 11,088 340,000 Total General Obligation Bonds 151,099,706 100,599,000 8,307,989.56 3,306,757.95 100,017,572 Less Annual Appropriation G.O. - (14,625,570) - - (13,369,544) Total G.O.Bonds Subject to Debt Limit 151,099,706 85,973,430 8,307,990 3,306,758 86,648,028 Tax Increment Port of Dubuque Parking Ramp 10-16-07 7.50 % 2037 23,025,000 15,565,000 845,000 1,167,375 14,720,000 Total Tax Increment Bonds 23,025,000 15,565,000 845,000 1,167,375 14,720,000 Total Tax Increment $23,025,000 $15,565,000 $ 845,000 $ 1,167,375 $14,720,000 TIF bond issue for the Port of Dubuque Parking Ramp backed by Greater powntown TIF&a minimum assessment agreement Tax Increment Economic Development TIF Rebate Agreements Dubuque Screw (DICW) 6/19/06 Rebate 2019 $ 345,516 $ 19,728 $ 19,728 $ - $ 19,728 Geisler Brothers(DICW) 9/29/22 Rebate 2035 1,290 1,291 1,291 - 1,291 Seippel Warehouse(DICW) 9/29/22 Rebate 2035 442,190 442,190 442,190 - 442,190 Giese III(DICW) 4/19/21 Rebate 2033 55,171 55,171 55,171 - 55,171 Medline (DICW) 11/19/07 Rebate 2031 1,600,279 397,349 397,349 - 397,349 Simmons Pet Food(DICW) 12/9/20 Rebate 2030 397,918 476,354 476,354 - 476,354 Hodge(DICW) 4/6/20 Rebate 2035 257,073 518,208 518,208 - 518,208 Green Industrial Supply(DICW) 8/15/11 Rebate 2023 2,908,812 155,273 155,273 - 155,273 Appropriation 3/17/14 Rebate 2026 32,510 75,164 75,164 Appropriation 1/14/16 Rebate 2028 33,666 69,586 69,586 - 69,586 Rite Hite(DICW)Non-Appropriation 1/14/17 Rebate 2030 24,190 140,629 140,629 - 140,629 2026) 4/21/08 Rebate 2026 8,250,067 251,779 251,779 - - Linseed Oil(GDTIF)Multi-Res 3/7/13 Rebate 2030 576,504 84,525 16,905 - 67,620 Appropriation) 5/13/20 Rebate 2031 75,660 178,160 178,160 - 178,160 Marquette Hall(GDTIF)(Non-Appropriation) 5/20/19 Rebate 2031 9,170 4,960 4,960 - 4,960 3Amigos(GDTIF)(Non-Appropriation) 4/15/19 Rebate 2031 2,516 3,114 3,114 - 3,114 210 Jones(GDTIF)(Non-Appropriation) 6/19/17 Rebate 2031 10,348 24,525 24,525 - 24,525 Dupaco(GDTIF)NA 1/22/19 Rebate 2038 173,225 173,225 173,225 - 173,225 Klauer(GDTIF)NA 1/12/22 Rebate 2035 104,380 104,380 104,380 - 104,380 McCoy Group(GDTIF) 6/20/23 Rebate 2035 248,980 248,890 248,890 - 248,890 Appropriation) 3/18/19 Rebate 2031 5,626 12,196 12,196 - 12,196 Julien Hotel(GDTIF) 4/21/08 Rebate 2026 3,260,286 264,175 264,175 44 Main(GDTIF)Multi-Res 10/18/10 Rebate 2027 446,799 158,562 79,281 - 79,281 Barker Financial(GDTIF)Multi-Res 8/16/10 Rebate 2027 297,282 13,545 13,545 253 Main St.(GDTIF)(Non-Appropriation) 4/6/15 Rebate 2027 5,798 3,082 3,082 - 3,082 Spahn and Rose (GDTIF)NA 4/21/14 Rebate 2027 108,221 119,222 119,222 - 119,222 Franklin Investment-Multires(GDTIF) 4/4/11 Rebate 2028 437,225 62,637 20,879 - 41,758 Plastic Center Betty Jane Block(GDTIF) 2/7/11 Rebate 2028 148,957 20,241 6,747 - 13,494 Caradco(GDTIF)Multi-Res 3/21/11 Rebate 2028 1,499,442 388,674 129,558 - 259,116 Bonson 356 Main St.(GDTIF)Multi-Res 12/19/11 Rebate 2028 152,286 28,767 9,589 - 19,178 Roshek Building(GDTIF)NA 2/17/09 Rebate 2030 5,149,852 388,088 388,088 - 388,088 Novelty Iron Works(GDTIF)NA Multi-Res 6/17/13 Rebate 2031 33,105 196,926 196,926 - 196,926 Switch Development 6/20/23 Rebate 2035 5,766 5,766 5,766 - 5,766 Gardens 9/28/20 Rebate 2038 428,116 428,116 32,932 - 395,184 Rockfarm Holdings(TECH)NA 10/7/14 Rebate 2027 42,301 47,176 47,176 - 47,176 Total TIF Rebates 27,570,527 5,561,674 4,686,043 - 4,661,120 Bowling&Beyond Lease Buyout 10-15-12 Buyout 2032 1,000,000 350,000 50,000 - 300,000 24$ Page 697 of 901 Attachment C - List of General Obligation Debt Debt Management Date Average Year of Amount Principal Principal Interest Principal of Interest Final of Outstanding Due Due Outstanding Description Issue Rate Payment Issue 6/30/25 FY 2026 FY 2026 6/30/26 lowa Finance Authority Loan-Caradco 12-01-10 3.0000 % 2030 4,500,000 2,314,171 233,154 67,690 2,081,017 Total OtherLns-Rev Backed 5,500,000 2,664,171 283,154 67,690 2,381,017 Total City Indebtedness Subiect to Debt Limit $207,195,233 $109,764,275 $ 14,122,187 $ 4,541,823 $108,410,165 Revenue Bonds Sanitary Northfork Catfish Improv SRF 1/13/10 3.25 % 2031 $ 912,000 $ 285,000 $ 53,000 $ 9,263 $ 232,000 Sanitary WRRC Upgrade SRF 8/18/10 3.25 % 2039 74,285,000 44,755,000 2,802,000 895,099 41,953,000 Sanitary WRRC Cogeneration SRF 5/17/13 2.00 % 2033 3,048,000 1,366,000 159,000 27,320 1,207,000 Sanitary Kerper Boulevard&Sponsor SRF 3/8/19 1.00% 2038 2,763,000 1,781,000 131,000 17,810 1,650,000 Sanitary 42"Force Main WQFP Loan 3/3/23 1.00 % 2043 1,950,000 1,773,000 90,000 17,730 1,683,000 Sanitary Granger Creek&Force Main 9/20/2024 2.61 % 2045 2,536,000 2,536,000 97,000 64,737 2,439,000 Sanitary Old Mill Lift Station 2/7/2025 2.54 % 2046 26,221,000 26,221,000 - 475,942 26,221,000 Sanitary Projects-FY25 Future 2.60% 2045 14,412,250 14,412,250 586,330 340,451 13,825,920 Sanitary Projects-FY26 Future 2.60 % 2046 20,079,873 20,079,873 Stormwater Lower Bee Branch SRF 10/27/10 3.25 % 2041 7,850,000 5,097,000 248,000 165,652 4,849,000 Stormwater Lower Bee Branch SRF 9/1/14 2.00 % 2034 1,029,000 151,000 18,000 3,020 133,000 Stormwater Northfork Catfish Improv.SRF 1/13/10 3.25% 2031 800,000 250,000 47,000 8,125 203,000 Stormwater Sales Tax Increment Rev NA 6/15/15 3.72 % 2031 20,800,000 14,575,000 2,225,000 546,032 12,350,000 Stormwater Sales Tax Revenue -GO 5/19/14 3.23% 2029 7,190,000 4,875,000 1,125,000 219,250 3,750,000 Stormwater Upper Bee Branch RR SRF 6/7/2019 2.00 % 2040 16,382,000 12,873,000 744,000 257,461 12,129,000 Stormwater West 32nd Detention SRF 1/14/09 3.25 % 2028 1,847,000 355,000 115,000 11,538 240,000 Stormwater Projects-FY26 Future 2.60 % 2046 632,643 632,643 Water Webber Extension-FY22 P&D 1/7/22 -% 2047 1,570,000 1,469,662 68,575 29,052 1,401,087 Water Projects-FY25 Future 2.60 % 2045 10,096,428 10,096,428 410,751 238,501 9,685,677 Water Projects-FY26 Future 2.60 % 2046 750,000 - - - 750,000 Water Roosevelt Water Tower SRF 8/9/19 2.00 % 2040 4,400,000 3,445,000 203,000 68,900 3,242,000 Water CIWA Purchase&Improvements 7/7/17 2.00% 2036 8,613,761 5,804,000 439,000 116,080 5,365,000 Water-Clear Well Reservoirs SRF 10/18/07 3.25 % 2028 915,000 177,000 57,000 3,540 120,000 Water Meter Change Out Program SRF 2/12/10 3.25 % 2031 6,394,000 2,343,000 360,000 76,265 1,983,000 Water System Improvements&Ext. Refunding 8/18/21 2.00 % 2030 3,505,000 2,055,000 390,000 41,100 1,665,000 Total Revenue Bonds 238,981,955 156,695,340 10,368,656 3,632,868 167,789,200 Less Annual Appropriation Revenue Bds - (11,803,968) - - (9,581,282) Net Revenue Bonds 238,981,955 144,891,372 10,368,656 3,632,868 158,207,918 Total City Indebtedness $446,177,188 $281,085,185 $24,490,843 $ 8,174,691 $289,568,909 Statutory Debt Limit $321,926,120 $323,629,585 %of Debt Limit Used 34.10 °/a 33.50% Remaining Debt Capacity $212,161,846. $215,219,420 249 Page 698 of 901 ATTACHMENT D DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT (2026.1) March 4, 2026 LEGAL DESCRIPTION: Subarea A of the District consists of the real property legally described as follows: ■ All of Dubuque Industrial Center Eighth Addition; and ■ All of Lot 1 Dubuque Industrial Center 13th Addition; and ■ Lot 2 Dubuque Industrial Center 13th Addition; and ■ Lot 1-2-2 Dubuque Industrial Center Fifth Addition; and ■ Lot 1 Dubuque Industrial Center Fifth Addition; and ■ Lot 1 Dubuque Industrial Center 11th Addition; and ■ Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and ■ Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and ■ Lot 1-3 Dubuque Industrial Center 12th Addition; and ■ Lot 1 of lot 3 of final plat of lot 1 of Dubuque Industrial Center First Addition; and ■ Lot 1 Dubuque Industrial Center 10th Addition; and ■ Lot 2-3 Dubuque Industrial Center 12th Addition; and ■ Lots 1 & 2 of final plat of lot 1 of Dubuque Industrial Center First Addition; and ■ Lot 1 Dubuque Industrial Center 12th Addition; and ■ Lot 2 Dubuque Industrial Center Ninth Addition; and ■ Lot 2 Dubuque Industrial Center 12th Addition; and ■ Lot 2-2 Dubuque Industrial Center Sixth Addition; and ■ Lot 3 Dubuque Industrial Center Ninth Addition; and ■ Lot 1 Dubuque Industrial Center Sixth Addition; and ■ Lot 2 of 2 Dubuque Industrial Center 7th Addition; and ■ Lot 2-1 Walter Addition; and ■ Lot 2-1 Walter Addition; and ■ And all adjoining public right-of-way, all in the City of Dubuque, Dubuque County, lowa. Subarea B of the District consists of the real property legally described as follows: Page 699 of 901 ■ Lots 1, 3, 4, 1 of 5, 6 and H of Dubuque Industrial Center West as originally platted; and ■ Lots 1, 2, 3, 4, 5, 6, , and C of Dubuque Industrial Center West 2nd Addition as originally platted; and ■ Lots 1, 2, 3, 4, B, and C of Dubuque Industrial Center West 4th Addition as originally platted; and ■ Lots 1 of 1, 1 of 2, 2 of 2, 1 of 3, 2 of 3, A, C, and D of Dubuque Industrial Center West 5th Addition as originally platted; and ■ Lot 1 and Lot A of Dubuque Industrial Center West 6th Addition as originally platted; and ■ Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addition as originally platted; and ■ Lot 2 of 1 of the Southwest Quarter of the Southwest Quarter and Lot 2 of 1 of the Southeast Quarter of the Southwest Quarter all in Section 30, Township 89 North, Range 2 East, 5th Principal Meridian as originally platted; and ■ and all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right-of-way lying in the SE 1/4 of Section 30, the SE 1/4 of the SW 1/4 of Section 30, the NW 1/4 of Section 31, and the NE 1/4 of Section 31 all in T89N, R2E, of the 5th P.M. Dubuque County, lowa, the centerline of which is more particularly described as follows: beginning at a point of intersection with the easterly line of the SE 1/4 of Section 30, T89N, R2E, of the 5th P.M., thence southwesterly along the centerline of said railroad 2,700 feet, more or less a point of intersection with the westerly line of the SE 1/4 of said Section 30; thence southwesterly continuing along said centerline 845 feet, more or less, to a point where the railroad right-of-way widens to 200 feet, said point being the terminus of this description; and ■ all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right- of-way lying in the Balance of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter in Section 29, Township 89 North, Range 2 East, 5th Principal Meridian; and ■ any adjoining public street right-of-way all in the City of Dubuque, Dubuque County, lowa. ■ Excepting therefrom Lot 1 of Lot 4 of Dubuque Industrial Center West 4th Addition in the City of Dubuque, lowa, according to the recorded plat thereof Subarea C of the District consists of the real property legally described as follows: ■ Lot 1 of Dubuque Industrial Center North Second Addition; and ■ Lots 2 of Dubuque Industrial Center North First Addition; and Page 700 of 901 ■ Lot 3 of Dubuque Industrial Center North First Addition, excepting the following part of said Lot 3: ■ Part Lot 3 in the Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, lowa, Except Lot `A' of Lot 3 in Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, lowa, described as follows: Commencing at the southeast corner of said Lot 3; thence N00°36'04"W, 364.16 feet along the east line of said Lot 3; thence S89°24'16"W, 502.28 feet along the outside face of the south wall of the existing building to the point of beginning; thence S00°35'44"E, ■ 37.00 feet; thence S89°24'16"W, 210.00 feet; thence N00°35'44"W, 362.00 feet; thence N89°24'16"E, 255.00 feet to the northerly extension of the outside face of the west wall of the existing building; then S00°35'44"E, 357.00 feet along said face of the west wall of the southwest corner of the existing building; thence N89°24'16"E, 125.00 feet along the face of the south wall of the existing building to the point of beginning, containing 2.258 acres.; and ■ C of Dubuque Industrial Center North First Addition, excepting the following part of said Lot C: Commencing at the northwest corner of Lot 1 in Dubuque Industrial Center North Second Addition in the City of Dubuque, lowa; Thence North 87 degrees 35 minutes 13 seconds East along the north line of said Lot 1, 65.47 feet to the Point of Beginning; Thence North 87 degrees 35 minutes 13 seconds East continuing along said north line of Lot 1, 467.29 feet; Thence South 82 degrees 04 minutes 06 seconds East continuing along said north line of Lot 1, 212.63 feet; Thence North 19 degrees 12 minutes 36 seconds East, 433.37 feet, to a point on the easterly line of Lot 2 in Dubuque Industrial Center North Third Addition in the City of Dubuque, lowa; Thence North 90 degrees 00 minutes 00 seconds West, 231.12 feet; Thence North 60 degrees 11 minutes 47 seconds West, 280.07 feet; Thence North 51 degrees 38 minutes 25 seconds West, 318.12 feet; Thence South 57 degrees 28 minutes 14 seconds West, 86.87 feet; Thence South 18 degrees 59 minutes 51 seconds East, 140.84 feet; Thence South 51 degrees 57 minutes 52 seconds East, 101.08 feet; Thence South 01 degree 57 minutes 06 seconds East, 108.09 feet; Thence South 33 degrees 59 minutes 54 seconds East, 90.10 feet; Thence South 44 degrees 57 minutes 34 seconds East, 130.53 feet; Thence South 12 degrees 19 minutes 12 seconds West, 171.97 feet; Thence South 87 degrees 35 minutes 13 seconds West, 260.33 feet; Thence South 02 degrees 35 minutes 19 seconds East, 40.00 feet, to the Point of Beginning, said part of Lot C contains 6.59 acres, more or less. ■ Lot A of Dubuque Industrial Center North First Addition, excepting that Part of said Lot A originally platted as Lot 2 of the SW '/4 of the NW '/4 of Sec. 30, T89N, R2E of the 5th PM; and Page 701 of 901 ■ Any adjoining public street right-of-way, all in the City of Dubuque, Dubuque County, lowa. Subarea D of the District consists of the real property legally described as follows: ■ Lots 1, 2, and B and all of the right of way of Chavenelle Court in Dubuque Industrial Center West 8th Addition in the City of Dubuque, Dubuque County, lowa. Subarea E of the District consists of the real property legally described as follows: ■ All of Dubuque Industrial Center South First Addition in the City of Dubuque, lowa, except Lot 2 of Dubuque Industrial Center South First Addition in the City of Dubuque, lowa; and ■ All of Seippel Road right of way from the north boundary line of Lot 1 of 1 of South Fork Subdivision No. 1 in the City of Dubuque, to the south boundary lines of Lot H of Dubuque Industrial Center West and Lot 1 of Dubuque Industrial Center West 2nd Addition in the City of Dubuque, Dubuque County, lowa, including crossings at the intersections of Old Highway Road and Chicago Central & Pacific Railroad rights-of-way. Subarea F of the District consists of the real property legally described as follows: ■ Lot one (1) of Graf Farm Subdivision #2, Dubuque County, lowa, according to the recorded plat thereof; ■ Lot 1 of Lot 1 of Lot 1 of Lot 1 of West One-half of Northeast One-quarter, Section 25, Township 89 North , Range 1 East of the 5th Principal Meridian, in Center Township , Dubuque County , lowa; ■ Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, lowa, according to the plat thereof; and ■ The NW 1/4 of the SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th P.M., in Center Township, Dubuque County, lowa. Subarea G of the District consists of the real property legally described as follows: ■ The South one-half of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, lowa. ■ Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5t" Principal Meridian, in the City of Dubuque, lowa. Page 702 of 901 ■ Lot 2 of McFadden Farm Place #2, in the City of Dubuque, lowa. ■ Lot 2 of McFadden Farm Place, in the City of Dubuque, lowa. ■ Lot A of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5t" Principal Meridian, in the City of Dubuque, lowa. ■ Lot A of Lot 1 of 1 of the Northwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5t" Principal Meridian, in the City of Dubuque, lowa. ■ All in the City of Dubuque, Dubuque County, lowa. Subarea H of the District consists of the real property legally described as follows: ■ Lot 1 of the Northeast '/4 of the Northeast '/4, and Lot 2 of Lot 1 of Lot 1 of Lot 2 of the Northeast '/4 of the Northeast '/4, of Section 30, in Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, lowa. Subarea I of the District consists of the real property legally described as follows: ■ Lot 2 Seippel Road Place #2, Dubuque County, lowa. ■ Lot 2-1-1 of the Southeast Quarter of the Southeast Quarter of Section 25, Township 89 North, Range 2 East of the 5th Principal Meridian, Dubuque County, I owa Subarea J of the District consists of the real property legally described as follows: ■ Lot 2 Julien Care Place, Dubuque County, lowa. ■ Lot 3 Julien Care Place, Dubuque County, lowa ■ Lot 2-1 Julien Care Place, Dubuque County, lowa Subarea K of the District consists of the real property legally described as follows: ■ Lot 1 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, lowa. Subarea L of the District shall include the following described properties: Page 703 of 901 ■ Lot 1 of Loretta Bahl's Homestead, in the City of Dubuque, lowa, comprised of Lot 1 of the West 30 Acres of the Southwest '/4 of the Southeast '/4, Section 19, Township 89 North, Range 2 East of the 5th P.M. Subarea M of the District shall include the following described properties: ■ Lot 2 of the Subdivision of Lot 2 of the Northeast '/4 of the Northeast '/4 of Section 30, Township 89 North, Range 2 East of the 5th P.M. Subarea N of the District shall include the following described properties: ■ Lot 1 of Dubuque Industrial Center North First Addition, in the City of Dubuque, lowa; and ■ All of the street right of way of Innovation Drive adjacent to Lot 1 of Dubuque Industrial Center North First Addition, in the City of Dubuque, lowa. Subarea O of the District shall include the following described properties: ■ Lot 2 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, lowa; and ■ A Part of Lot C in Dubuque Industrial Center North First Addition in the City of Dubuque, lowa, being more particularly described as follows: ■ Commencing at the northwest corner of Lot 1 in Dubuque Industrial Center North Second Addition in the City of Dubuque, lowa; ■ Thence North 87 degrees 35 minutes 13 seconds East along the north line of said Lot 1, 65.47 feet to the Point of Beginning; ■ Thence North 87 degrees 35 minutes 13 seconds East continuing along said north line of Lot 1, 467.29 feet; ■ Thence South 82 degrees 04 minutes 06 seconds East continuing along said north line of Lot 1, 212.63 feet; ■ Thence North 19 degrees 12 minutes 36 seconds East, 433.37 feet, to a point on the easterly line of Lot 2 in Dubuque Industrial Center North Third Addition in the City of Dubuque, lowa; ■ Thence North 90 degrees 00 minutes 00 seconds West, 231.12 feet; ■ Thence North 60 degrees 11 minutes 47 seconds West, 280.07 feet; ■ Thence North 51 degrees 38 minutes 25 seconds West, 318.12 feet; Page 704 of 901 ■ Thence South 57 degrees 28 minutes 14 seconds West, 86.87 feet; ■ Thence South 18 degrees 59 minutes 51 seconds East, 140.84 feet; ■ Thence South 51 degrees 57 minutes 52 seconds East, 101.08 feet; ■ Thence South 01 degree 57 minutes 06 seconds East, 108.09 feet; ■ Thence South 33 degrees 59 minutes 54 seconds East, 90.10 feet; ■ Thence South 44 degrees 57 minutes 34 seconds East, 130.53 feet; ■ Thence South 12 degrees 19 minutes 12 seconds West, 171.97 feet; ■ Thence South 87 degrees 35 minutes 13 seconds West, 260.33 feet; ■ Thence South 02 degrees 35 minutes 19 seconds East, 40.00 feet, to the Point of Beginning, said part of Lot C contains 6.59 acres, more or less. ■ All in the City of Dubuque, lowa Subarea P of the District shall include the following described properties: ■ Lot 2 of Wertzberger Acres No. 3, in Table Mound Township, Dubuque County, lowa, according to the recorded Plat thereof; and ■ The Southwest 1/4 of the Northeast 1/4, Lot 1 of the Northwest 1/4 of the Northeast 1/4, Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4, and Lot 2 of the Southeast 1/4 of the Northeast 1/4, in Section 14, Township 88 North, Range 2 East of the 5th P.M., in Dubuque County, lowa, according to United States Government Survey and the recorded Plats thereof, excepting therefrom that land acquired for highway right of way by the lowa Department of Transportation known as Lot A of Lot 1 of the Northwest 1/4 of the Northeast 1/4 and of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of lowa, containing 11.95 acres and as shown and described in the Warranty Deed filed as Instrument Number 2010-00003964 in the Dubuque County Recorder's Office, and excepting therefrom that land acquired for highway right of way by the lowa Department of Transportation known as Lot B of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of lowa, containing 0.62 acres and as shown and described in the Warranty Deed filed as Instrument Number 2011-00011776 in the Dubuque County Recorder's Office; and ■ All that land acquired for highway right of way by the lowa Department of Transportation known as Lot A of Lot 1 of the Northwest 1/4 of the Northeast 1/4 and of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range Page 705 of 901 2 East of the 5th P.M., County of Dubuque, State of lowa, containing 11.95 acres and as shown and described in the warranty deed filed as instrument number 2010-00003964 in the Dubuque County Recorder's Office, and ■ All that land acquired for highway right of way by the lowa Department of Transportation known as Lot B of Lot 1 of Lot 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 2 of the Southeast 1/4 of the Northeast 1/4, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of lowa, containing 0.62 acres and as shown and described in the warranty deed filed as instrument number 2011-00011776 in the Dubuque County Recorder's Office; and ■ All that land acquired for highway right of way by the lowa Department of Transportation known as Lot A of Lot 2 of the Southwest 1/4 of the Northwest 1/4, all in Section 13, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of lowa, containing 7.50 acres and as shown and described in the warranty deed filed as instrument number 2010-00007163 in the Dubuque County Recorder's Office; and ■ A part of that land acquired for highway right of way by the lowa Department of Transportation known as Lot A of Lot 2 of 3 of Archdiocese Place No. 2 at Key West in Section 11, Township 88 North, Range 2 East of the 5t" P.M., County of Dubuque and of Lot 2 of the Northwest 1/4 of the Northeast 1/4 and of Lot 2 of 1 of the Northeast 1/4 of the Northeast 1/4 and of Lot 1 of the Southeast Quarter of the Northeast Quarter, all in Section 14, Township 88 North, Range 2 East of the 5th P.M., County of Dubuque, State of lowa, containing 51.12 acres and as shown and described in the warranty deed filed as instrument number 2011- 00018392 in the Dubuque County Recorder's Office, more particularly described as follows: ■ Commencing at the east 1/4 corner of said section 14; thence south 87° (degrees) 30' (minutes) 08" (seconds) west (assumed bearing for the purpose of this description) on the south line of the northeast 1/4 of said section 14, a distance of 316.67 feet to the southeast corner of said lot 1 of the southeast 1/4 of the northeast 1/4 which is on the present northwesterly right-of-way line of u.s. highway 61, being the point of beginning of the area herein described; thence continuing south 87°30'08" west on said south line, also being the south line of said lot 1 of the southeast 1/4 of the northeast 1/4, a distance of 744.37 feet to the west line of said lot 1 of the southeast 1/4 of the northeast 1/4; thence north 01°46'59" west on said west line, 365.46 feet; thence north 02°36'29" west on said west line, 258.32 feet to the northwesterly line of said lot 1 of the southeast 1/4 of the northeast 1/4; thence north 15°33'01" east on said northwesterly line, 189.90 feet; thence north 20°16'31" east on said northwesterly line, 100.25 feet; Page 706 of 901 thence north 31°16'30" east on said northwesterly line, 371.74 feet; thence north 51°35'55" east on said northwesterly line, 46.89 feet; thence north 26°34'03" east on said northwesterly line, 112.65 feet to the northwest corner of said lot 1 of the southeast 1/4 of the northeast 1/4, also being the southwest corner of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4; thence north 35°25'51" east on the westerly and southwesterly line of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, a distance of 200.90 feet; thence north 01°11'53" west on said westerly and southwesterly line, 284.09 feet; thence north 51°36'20" west on said westerly and southwesterly line, 173.35 feet; thence south 73°41'30" east a distance of 115.82 feet; thence south 48°36'34" east on the northeasterly line of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, 759.07 feet to the southeast corner of said lot 2 of 1 of the northeast 1/4 of the northeast 1/4, also being the northeast corner of said lot 1 of the southeast 1/4 of the northeast 1/4; thence south 02°41'19" east on the easterly line of said lot 1 of the southeast 1/4 of the northeast 1/4, a distance of 954.91 feet to the present northwesterly right- of-way line of u.s. highway 61; thence south 38°00'39" west on said northwesterly right-of-way line, 485.62 feet to the point of beginning, containing 31.49 acres, more or less; and ■ An 80-foot-wide strip of land in the Southeast Half of Section 31, Township 89 North, Range 2 East, The Southwest Quarter of Section 32, Township 89 North, Range 2 East, the North Half of Section 5, Township 88 North, Range 2 East, the Northwest, Northeast, and Southeast Quarters of Section 4, Township 88 North, Range 2 East, the South Half of Section 3, Township 88 North, Range 2 East, the Southwest Quarter of Section 2, Township 88 North, Range 2 East, the Northwest, Northeast, and Southeast Quarters of Section 11, Township 88 North, Range 2 East, and the Northeast Quarter of Section 14, Township 88 North, Range 2 East, of the Fifth Principal Meridian, centered on the following described line: ■ Commencing at the Southeast Corner of Lot B, Dubuque Industrial Center South First Addition, in the City of Dubuque, Dubuque County, lowa (Record Doc. #2014-1397), at the Northerly Right-of-Way of Seippel Road; thence South 35°44'18" East (Record North 35°52'10" West) along the East Line of said First Addition, 11.13 feet; thence South 10°51'45" East, 40.00 feet to the centerline of Seippel Road, the Point of Beginning; thence North 79°08'15" East along said centerline, 1004.09 feet; thence Easterly along the centerline of U. S. Highway 52 and the extension thereof an arc length of 880.50 feet along a 1,200.00 foot radius curve being concave southerly, having a long chord of South 79°50'32" East, 860.88 feet; thence South 58°49'18" East along said centerline of U. S. Page 707 of 901 Highway 52, 2,489.33 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 3,363.36 feet along a 12,000.00 foot radius curve being concave Northeasterly, having a long chord of South 66°51'04" East, 3,352.36 feet; thence South 74°52'50" East along said centerline of U. S. Highway 52, 1318.07 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,569.39 feet along a 12,000.00 foot radius curve being concave Southwesterly, having a long chord of South 71°08'02" East, 1,568.27 feet; thence South 67°23'15" East along said centerline of U. S. Highway 52, 1093.39 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,414.18 feet along a 23,000.00 foot radius curve being concave Southwesterly, having a long chord of South 65°37'33" East, 1,413.95 feet; thence South 63°51'52" East along said centerline of U. S. Highway 52, 947.44 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 1,134.73 feet along a 8,000.00 foot radius curve being concave Northeasterly, having a long chord of South 67°55'41" East, 1,133.78 feet; thence South 71°59'29" East along said centerline of U. S. Highway 52, 3,507.89 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 7,787.63 feet along a 7,500.00 foot radius curve being concave Southwesterly, having a long chord of South 42°14'42" East, 7,442.46 feet; thence South 12°29'54" East along said centerline of U. S. Highway 52, 750.54 feet; thence Southeasterly along said centerline of U. S. Highway 52 an arc length of 449.54 feet along a 4,00O.00foot radius curve being concave Northeasterly, having a long chord of South 15°43'05" East, 449.31 feet, to the End Point, the sidelines of said 80-foot-wide strip of land are to be shortened or lengthened to the intersection of the easterly line of Dubuque Industrial Center South First Addition, in the City of Dubuque, Dubuque County, lowa as recorded in Doc. #2014-1397 and the intersection of the northerly line of Lot 1 and Lot 1 of 1 as recorded in Doc. #2010-3964. Subarea Q of the District shall include the following described properties: ■ Lot 1-5 of Dubuque Industrial Center West 5th Addition in the City of Dubuque, I owa ■ All in the City of Dubuque, lowa Subarea R of the District shall include the following described properties: ■ Part Lot 3 in the Dubuque Industrial Center North First Addition in the City of Dubuque, Dubuque County, lowa, Except Lot `A' of Lot 3 in Dubuque Industrial Page 708 of 901 Center North First Addition in the City of Dubuque, Dubuque County, lowa, described as follows: Commencing at the southeast corner of said Lot 3; thence N00°36'04"W, 364.16 feet along the east line of said Lot 3; thence S89°24'16"W, 502.28 feet along the outside face of the south wall of the existing building to the point of beginning; thence S00°35'44"E, ■ 37.00 feet; thence S89°24'16"W, 170.00 feet; thence N00°35'44"W, 32.00 feet; thence S89°24'16"W, 210.00 feet; thence N00°35'44"W, 362.00 feet; thence N89°24'16"E, 255.00 feet to the northerly extension of the outside face of the west wall of the existing building; then S00°35'44"E, 357.00 feet along said face of the west wall of the southwest corner of the existing building; thence N89°24'16"E, 125.00 feet along the face of the south wall of the existing building to the point of beginning, containing 2.258 acres. Subarea S of the District shall include the following described properties: ■ Lot 2 of Dubuque Industrial Center South First Addition in the City of Dubuque, I owa Subarea T of the District shall include the following described properties: ■ The East 10 Acres of the Southwest Quarter of the Southeast Quarter of Section 19, T89N, R2E, of the 5th P.M., Dubuque County, lowa Subarea U of the District consists of the real property legally described as follows: ■ All of Lot 1 of Airborne Place, in the City of Dubuque, lowa; and ■ All of the Airborne Road right of way adjacent to Lot 1 of Airborne Place, in the City of Dubuque, lowa, being the same area described as Acquisition Parcel 154, in Part of Lot 2-2 of South Fork Industrial Subdivision No. 1, Per Instrument Number 2018-10004 in the office of the Dubuque County Recorder Subarea V of the District consists of the real property legally described as follows: ■ All that part of Lot 1 of Dubuque Industrial Center South Fourth Addition in the City of Dubuque lowa lying west of the west line of the Southwest Quarter of Section 31, Township 89 North, Range 2 East of the 5th P.M., Subarea W of the District consists of the real property legally described as follows: Page 709 of 901 • Lot 1 of Lot 4 of Dubuque Industrial Center West 4t" Addition in the City of Dubuque, lowa, according to the recorded plat thereof Subarea X of the District consists of the real property legally described as follows: • Lot 7 and Lot 8 of Dubuque Industrial Center West 2nd Addition in the City of Dubuque lowa, according to the recorded plat thereof Subarea Y of the District consists of the real property legally described as follows: • Lot 2 of McFadden Farm Place #3 in the City of Dubuque, lowa All in the City of Dubuque, lowa. Page 710 of 901 MINUTES CONSULTATION WITH AFFECTED TAXING BODIES for the Amended and Restated URBAN RENEWAL PLAN 2026.1 for the Dubuque Industrial Center West Urban Renewal Area: Tuesday, March 24, 2026 at 10:00 a.m. Microsoft Teams Join: https://teams.microsoft.com/meet/26297051090974?p=ErpPWxnORHUINiqYJw Meeting ID: 262 970 510 909 74 Passcode: jm9d5nS7 Meeting Commenced: 10:00 a.m. Present: No representatives from the taxing bodies were in attendance. Meeting Adjourned: 10:15 a.m. Joe Link Economic Development Financial Specialist, City of Dubuque Page 711 of 901 Prepared by Joe Link, Economic Development, 1300 Main St., Dubuque, IA 52001, (563) 589-4393 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13th St., Dubuque, IA 52001, (563) 589-4121 RESOLUTION NO. 147-26 APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN, VERSION 2026.1, FOR THE DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT. Whereas, by Resolution 87-26 adopted on March 16, 2026, the City Council of the City of Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal Plan (the "Amended and Restated Urban Renewal Plan" or "Plan") for the Dubuque Industrial Center Economic Development District (the "District"); and Whereas, the Amended and Restated Urban Renewal Plan for the District, Version 2026.1, is on file in the City Clerk's Office; and Whereas, the City Council's primary objective for the Amended and Restated Urban Renewal Plan for the District is to expand the District by adding certain property to be designated as a new Subarea Y as shown in the Amended and Restated Urban Renewal Plan, Version 2026.1, to provide opportunities which will further economic development purposes and objectives as described in the Plan; and Whereas, a consultation process has been undertaken with affected taxing entities in accordance with Chapter 403 of the Code of Iowa and no written objections or recommended changes to the Plan have been received; and Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa, has held a public hearing on the Amended and Restated Urban Renewal Plan after public notice thereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District, Version 2026.1, is hereby approved. Section 2. That a feasible method exists for the location of any families who will be displaced from the District, as amended, into decent, safe and sanitary dwelling accommodations within their means and without undue hardship to such families; and that the Amended and Restated Plan conforms to the general plan of the City as a whole. With respect to any real property in the District acquired by the City in connection with the land and projects included in the Plan, non-residential use is expected and with reference to those portions thereof which are to be developed for non-residential uses, such non- residential uses are necessary and appropriate to facilitate the proper growth and development of the City in accordance with sound planning standards and local community objectives. Section 3. That the District, as amended, continues to be an area for economic development (commercial and industrial) within the meaning of Iowa Code Chapter 403; that such area is eligible for designation as an urban renewal area and otherwise meets all requisites under the provisions of Iowa Code Chapter 403; and that the rehabilitation, conservation, redevelopment, development, or a combination thereof, of such area is necessary in the interest of the public health, safety or welfare of the residents of this City. Section 4. That, notwithstanding any resolution, ordinance, plan, amendment or any other document, the Amended and Restated Plan shall be in full force and effect from the date of this Resolution until the Council amends or repeals the Plan. Section 5. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and directed to file a certified copy of this Resolution in the office of the Dubuque County Auditor. PASSED, APPROVED and ADOPTED this 20th day of April, 2026. ATTEST: TrisL. Gleason, Assistant City Clerk Cavanagh, Mayor 2 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: 04/10/2026 and for which the charge is 36.79 c 1 c Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this loth day of April, 2026 Notary Ptybl in and for Dubuque County, Iowa. 1Owa JANET K. PAPE n Commission Number 199659 My Commission Expires 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 20th day of April, 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 adopting the Amended and Restated Urban Renewal Plan, Version 2026.1, for the Dubuque Industrial Center Economic Development District (the Area) to expand the Area to create a new Subarea Y, and to update the projects in the Public Purpose Activities. 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 agenda will be posted the Friday before the meeting and will contain public input options. The City Council 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 regarding the above public hearings may be submitted to the City Clerk's Office via email at ctyclerk@cityofdubuque.org or by mail to City Clerk's Office, City Hall, 50 W. 13th St., Dubuque, IA 52001, before said time of public hearing. At said time and place of public hearings the City Council will receive any written comments. Copies of supporting documents for the public hearings 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 with limited English proficiency, vision, hearing, or speech impairments requiring special assistance should contact the City Clerk's Office at (563) 589-4100, TDD (563) 690-6678, ctyclerk@cityofdubuque.org 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 16th day of March, 2026. Adrienne N. Breitfelder, City Clerk It 4/10