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Issuance of Not to Exceed $2,542,000 Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) – Terminal Street Pumping Station Rehabilitation ProjectCity of Dubuque City Council PUBLIC HEARINGS # 3. Copyrighted August 3, 2026 ITEM TITLE: Public Hearing for the Issuance of Not to Exceed $2,542,000 Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) — Terminal Street Pumping Station Rehabilitation Project SUMMARY: Proof of publication on notice of public hearing to consider City Council approve the issuance of not to exceed $2,542,000 Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) Terminal Street Pumping Station Rehabilitation Project, and City Manager recommending approval. RESOLUTION Taking additional action on proposal to enter into a Sewer Revenue Loan and Disbursement Agreement SUGGUESTED Receive and File; Adopt Resolution(s) DISPOSITION: ATTACHMENTS: 1. Terminal Lift Station SRF Public Hearing_MVM Memo_2026_07_28 2. Terminal Lift Station SRF Public Hearing_Staff memo_2026_07_28 3. 2nd Half Hrg Only Sewer Rev LDA (Pumping Station Rehab) (Dubuque #28 2026)- v1 Page 1157 of 1281 THE C DUUB--'*--TE Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager Dubuque All-Anerin City I II 2007.2012.2013 2017*2019 SUBJECT: Public Hearing for the Issuance of Not to Exceed $2,542,000 Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) — Terminal Street Pumping Station Rehabilitation Project DATE: July 28, 2026 Chief Financial Officer Jennifer Larson recommends that a public hearing held on the issuance of not to exceed $2,542,000 Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) Terminal Street Pumping Station Rehabilitation Project. The State Revolving Fund loan will have a variable interest rate of 2.85% plus a servicing fee of 0.25%, a twenty-year term, and will be abated from the sanitary sewer fund. The proceedings have been prepared to show as a first step the receipt of any oral or written objections from any resident or property owner to the proposed action of the Council to authorize the form of Loan and Disbursement Agreement and issue the Notes to the Iowa Finance Authority. A summary of objections received or made, if any, should be attached to the proceedings. After all objections have been received and considered if the Council decides to enter into the Agreement and issue the Notes, a form of resolution follows that should be introduced and adopted, entitled "Resolution taking additional action on proposal to enter into a Sewer Revenue Loan and Disbursement Agreement." In the event the Council decides to abandon the proposal, then the form of resolution included in said proceedings should not be adopted. In this event, a motion merely be adopted to the effect that such proposal is abandoned. I concur with the recommendation and respectfully request Mayor and City Council approval. k�4 Mich el C. Van Milligen Page 1158 of 1281 MCVM/jml Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jennifer Larson, Chief Financial Officer Gus Psihoyos, City Engineer Brian DeMoss, Finance Manager Laura Bendorf, Budget Manager Page 1159 of 1281 THE CITY OF DUB E Masterpiece on the Mississippi TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Chief Financial Officer Dubuque All -America City I I., 2007 • 2012 • 2013 SUBJECT: Public Hearing for the Issuance of Not to Exceed $2,542,000 Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) — Terminal Street Pumping Station Rehabilitation Project DATE: July 29, 2026 INTRODUCTION This memorandum requests the City Council to conduct a public hearing on the issuance of a not to exceed $2,542,000 Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) Terminal Street Pumping Station Rehabilitation Project. BACKGROUND The Terminal Street Lift Station is a critical component of the City's wastewater collection system. It is part of the system that conveys approximately 65% of the total wastewater flow to the Water & Resource Recovery Center (WRRC). Originally constructed in 1958, the facility is beyond its intended service life. In October of 2015, the City sought proposals from consulting engineering firms to perform engineering analysis and assessment of the Cedar Stret and Terminal Street Lift Stations, as well as the 42-inch diameter force main that they jointly discharge to that carries wastewater to the WRRC. In January of 2016, the City Council authorized entering contract negotiations with Strand as the selected consultant to perform the engineering analysis. And in March of 2016, the City Council authorized entering into a contract with Strand Associates that included the analysis of the Terminal Street Lift Station. As part of their analysis, Strand evaluated the condition of the Terminal Street Lift Station and developed design documents for major upgrades to the facility. Plans were being developed to do extensive rehab the facility, including new pumps and improvements to the wet well. These improvements were anticipated to cost between $5 and $6 million. While working on those plans, the Iowa Department of Transportation (IDOT) informed the City of its plans to construct a new Mississippi River bridge. The Terminal Street Lift Station is located immediately adjacent to the existing bridge, and it is possible that the Page 1160 of 1281 footprint of a new structure could impact or require relocation of the facility. Given this uncertainty, the City scaled back the scope of improvements to focus only on those necessary to safely and effectively operate the lift station for at least the next eight years, rather than proceeding with a full-scale upgrade. The continued need for rehabilitating the lift station was underscored in August 2025 when the lift station experienced a critical failure, resulting in approximately $250,000 in unplanned repair costs and the discharge of untreated wastewater to the Mississippi River. City staff responded immediately and worked through the night to mitigate and minimize the release, restoring operations as quickly as possible. This event highlighted the vulnerability of the existing facility and the importance of making targeted improvements to ensure continued reliable operation until a decision is made regarding the location of the new U.S. HWY Bridge proposed by the IDOT. In April 2026, the City Council adopted a resolution authorizing the public bidding process and setting a public hearing on the plans, specifications, form of contract, and estimated cost for the 2026 Terminal Street Pumping Station Rehabilitation Project. DISCUSSION Based on the completed evaluation and subsequent coordination with Strand Associates, a refined scope of improvements has been developed for the Terminal Street Lift Station. This scope is intentionally focused on addressing the most critical operational, safety, and reliability deficiencies while maintaining flexibility given the uncertainty associated with the future Iowa Department of Transportation bridge project. The proposed work includes cleaning of the wet well, which will both facilitate installation of new gates and allow for a more thorough inspection and assessment of existing conditions. This effort is expected to inform any potential future phases of improvements, if warranted. Additional improvements include installation of new gates within the wet well, a new hoist (overhead crane) system to enable safe removal and replacement of pumps for maintenance, upgraded access doors to improve safety for staff, and roof repairs to prevent water infiltration that disrupts operations. These improvements are intentionally limited to those necessary to support safe, reliable, and cost-effective maintenance and operation of the lift station over the next eight years. The focus is on reducing the likelihood of unplanned failures, improving working conditions for staff, and maintaining system performance without overinvesting in infrastructure that may ultimately be impacted by future bridge construction. The August 2025 failure further demonstrated the risks associated with continued operation of the existing facility without these improvements. The combination of emergency response costs, operational disruption, and environmental risk underscores the importance of proactively addressing known deficiencies rather than relying on reactive repairs. The State Revolving Fund loan will have a variable interest rate of 2.85% plus a servicing fee of 0.25%, a twenty-year term, and will be abated from the sanitary sewer fund. Page 1161 of 1281 ACTION TO BE TAKEN I respectfully request the City Council conduct a public hearing for the proposed issuance not to exceed $2,542,000 in Sewer Revenue Capital Loan Notes (State Revolving Loan Fund Program) for Terminal Street Pumping Station Rehabilitation Project. Attachments cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Brian DeMoss, Finance Manager Laura Bendorf, Budget Manager Page 1162 of 1281 DO R S EY DORSEY+WHITNEY LLP July 28, 2026 VIA EMAIL Jenny Larson Chief Financial Officer Dubuque, Iowa Re: $2,542,000 SRF Sewer Revenue Loan and Disbursement Agreement Our File No. 430411-28 Dear Jenny: We have prepared and attach proceedings for the August 3, 2026, City Council meeting related to the public hearing and additional action on the Sewer Revenue Loan and Disbursement Agreement (the "Agreement") in connection with the 2026 Terminal Street Pumping Station Rehabilitation Project. The proceedings attached include the following items: 1. Minutes of the meeting covering the public hearing, followed by the resolution taking additional action in connection with the Agreement. This resolution simply sets forth the City Council's determination to enter into the Agreement in the future, and its adoption constitutes the "additional action" required by the Iowa Code. 2. Attestation Certificate with respect to the validity of the transcript. On August 3, 2026, the City Council should meet as scheduled and hold the hearing on its intention to enter into the Agreement. The minutes as drafted assume that no objections will be filed or made. Please return one fully executed copy of these proceedings to our office as soon as possible. Please call me if you have questions. Best regards, David D. Grossklaus John P. Danos Attachments cc: Crenna Brumwell Adrienne Breitfelder Deron Muehring Tionna Pooler Tony Toigo Lee Wagner Yolanda Attaway 8oi Grand Avenue I Suite gioo I Des Moines, IA 150309-8002 IT 53-5.283.3-000 I dorsey.com Page 1163 of 1281 Dubuque / 430411-28 / 2nd'/x Hrg Only Sewer Rev (Pumping Station Rehab) (Hearing — Sewer Revenue) 430411-28 Dubuque, Iowa August 3, 2026 The City Council of the City of Dubuque, Iowa, met on August 3, 2026, at 6:30 p.m., at the Historic Federal Building, 350 W. 6ffi St, Second Floor Council Chambers, Dubuque, Iowa. The meeting was called to order by the Mayor, and the roll was called showing the following members of the Council present and absent: Present: Mayor (r.wonc,,) , bu,)J Mc:/n6rs L� Absent: • • Other Business- - PUBLIC HEARING ck: r Resnick Rv5JI,,-sran11 Wer, Q rV1o,(T This being the time and place specified for holding the public hearing and taking action on the proposal to enter into a Sewer Revenue Loan and Disbursement Agreement, the City Clerk announced that no written objections had been placed on file. Whereupon, the Mayor called for any written or oral objections, and there being none, the Mayor declared the public hearing closed. MOTION TO APPROVE RESOLUTION After due consideration and discussion, Council Member Re r (' K introduced the following resolution and moved its adoption, seconded by Council Member [Je tkod . The Mayor put the question upon the adoption of said resolution, and the roll being called, the following Council Members voted: Ayes: Re,' f �, We � e n � "C kQ, j ST�ye �UVaha�N 655d l Spra/i l" Nays: Whereupon, the Mayor declared the resolution duly adopted, as follows: DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-28 / 2nd'/2 Hrg Only Sewer Rev (Pumping Station Rehab) RESOLUTION NO. 300-26 Resolution taking additional action on proposal to enter into a Sewer Revenue Loan and Disbursement Agreement WHEREAS, the City of Dubuque (the "City"), in Dubuque County, State of Iowa, did heretofore establish a Municipal Sanitary Sewer System (the "Utility") in and for the City which has continuously supplied sanitary sewer service in and to the City and its inhabitants since its establishment; and WHEREAS, the management and control of the Utility are vested in the City Council (the "Council"), and no board of trustees exists for this purpose; and WHEREAS, pursuant to prior resolutions of the Council, the City has heretofore issued Sewer Revenue bonds or notes as set forth in prior proceedings of the Council, and a portion of such prior Sewer Revenue debt remains outstanding (the "Outstanding Indebtedness"); and WHEREAS, pursuant to the resolutions relating to and authorizing the Outstanding Indebtedness (the "Outstanding Bond Resolutions") the City reserved the right to issue additional obligations payable from the net revenues of the Utility and ranking on a parity with the Outstanding Indebtedness under the terms and conditions set forth in the Outstanding Bond Resolutions; and WHEREAS, the City has heretofore proposed to contract indebtedness and enter into a certain Sewer Revenue Loan and Disbursement Agreement (the "Agreement') and to borrow money thereunder in a principal amount not to exceed $2,542,000, pursuant to the provisions of Section 384.24A of the Code of Iowa, for the purpose of paying the cost, to that extent, of planning, designing and constructing improvements and extensions to the Utility, and has published notice of the proposed action and has held a hearing thereon on August 3, 2026; NOW, THEREFORE, Be It Resolved by the City Council of the City of Dubuque, Iowa, as follows: Section 1. The City Council hereby determines to enter into the Agreement in the future and orders that Sewer Revenue Bonds be issued at such time in evidence thereof. The City Council further declares that this resolution constitutes the "additional action" required by Section 384.24A of the Code of Iowa. Section 2. All resolutions or parts thereof in conflict herewith are hereby repealed, to the extent of such conflict. -2- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-28 / 2nd'/2 Hrg Only Sewer Rev (Pumping Station Rehab) Section 3. This resolution shall be in full force and effect immediately upon its adoption and approval, as provided by law. Passed and approved August 3, 2026. Mayor Attest: A�I-UL City Clerk • • Other Business- - On motion and vote, the meeting adjourned. ayo Attest: City Clerk -3- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-28 / 2nd'/2 Hrg Only Sewer Rev (Pumping Station Rehab) ATTESTATION CERTIFICATE: STATE OF IOWA DUBUQUE COUNTY SS: CITY OF DUBUQUE I, the undersigned, City Clerk of the City of Dubuque, do hereby certify that attached hereto is a true and correct copy of the proceedings of the City Council relating to the hearing on the City Council's intention to enter into a Sewer Revenue Loan and Disbursement Agreement in a principal amount not to exceed $2,542,000. WITNESS MY HAND this Fh day of Anus 1 92026. City Clerk -4- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA 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: 07/24/2026 and for which the charge is 33.33 Subscribed to b4fore me, a Notary b ' in and for Dubuque County, Iowa, this 28th day of July, 2026 Notary P bli in and for Dubuque County, Iowa. JANET K. PAPE o Commission Number 199659 _ r My Commission Expires o 12/11 /2028 Ad text CITY OF DUBUQUE, IOWA OFFICIAL NOTICE NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AND DISBURSEMENT AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $2,542,000 (SEWER REVENUE) The City Council of the City of Dubuque, Iowa, will meet on August 3, 2026, at 6:30 p.m., at the Historic Federal Building, 350 W. 6th St, Second Floor Council Chambers, Dubuque, Iowa, for the purpose of instituting proceedings and taking action to enter into a loan and disbursement agreement (the ?Agreement?) and to borrow money thereunder in a principal amount not to exceed $2,542,000 for the purpose of paying the cost, to that extent, of planning, designing and constructing improvements and extensions to the Municipal Sanitary Sewer System (the ?Utility?) of the City. The Agreement will not constitute a general obligation of the City, nor will it be payable in any manner by taxation but, together with the City's outstanding Sewer Revenue Indebtedness and any additional obligations of the City as may be hereafter issued and outstanding from time to time ranking on a parity therewith, will be payable solely and only from the Net Revenues of the Utility. At that time and place, oral or written objections may be filed or made to the proposal to enter into the Agreement. After receiving objections, the City may determine to enter into the Agreement, in which case, the decision will be final unless appealed to the District Court within fifteen (15) days thereafter. By order of the City Council of the City of Dubuque, Iowa. Adrienne Breitfelder City Clerk 1 t 7/24