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Setting a Public Hearing for the Issuance of Not to Exceed $2,060,000 Water Revenue Capital Loan Notes (State Revolving Loan Fund Program) Private Lead Service Line Replacement Pilot Program - Phase IICity of Dubuque City Council Copyrighted September 8, 2026 ITEMS SET FOR PUBLIC HEARING # 5. ITEM TITLE: Setting a Public Hearing for the Issuance of Not to Exceed $2,060,000 Water Revenue Capital Loan Notes (State Revolving Loan Fund Program) Private Lead Service Line Replacement Pilot Program — Phase II SUMMARY: City Manager recommending that a public hearing be set for September 21, 2026, on the issuance of a not to exceed $2,060,000 Water Revenue Capital Loan Notes, State Revolving Loan Fund Program, the proceeds of which will be used to fund the Private Lead Service Line Replacement Pilot Program — Phase II. RESOLUTION To fix a date for a public hearing on proposal to enter into a Water Revenue Loan and Disbursement Agreement and to borrow money thereunder in a principal amount not to exceed $2,060,000 SUGGUESTED Receive and File; Adopt Resolution(s), Set Public Hearing for DISPOSITION: September 21, 2026 ATTACHMENTS: 1. Private Lead Lines Phase 2 SRF Set Public Hearing_MVM memo_2026_09_02 2. Private Lead Lines Phase 2 SRF Set Public Hearing_Staff memo_2026_09_02 3. 1 st Half Set Hrg Water Rev LDA (LSLR Phase 2) (Dubuque #30 2026) (1) THE C DUUB-.'*-TE Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager Dubuque AII•Aneria City wvxsiw r w- i i 2007*2012.2013 2017*2019 SUBJECT: Setting a Public Hearing for the Issuance of Not to Exceed $2,060,000 Water Revenue Capital Loan Notes (State Revolving Loan Fund Program) Private Lead Service Line Replacement Pilot Program — Phase II DATE: September 2, 2026 Chief Financial Officer Jennifer Larson recommends that a public hearing be set for September 21, 2026, on the issuance of a not to exceed $2,060,000 Water Revenue Capital Loan Notes, State Revolving Loan Fund Program, the proceeds of which will be used to fund the Private Lead Service Line Replacement Pilot Program — Phase II. I concur with the recommendation and respectfully request Mayor and City Council approval. Michael C. Van Milligen MCVM/jml Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Chris Lester, Water Department Director Brian DeMoss, Finance Manager THE CITY OF DUB E Masterpiece on the Mississippi TO: Michael C. Van Milligen, City Manager Dubuque AI -America City II 2007 • 2012 •2013 FROM: Jennifer Larson, Chief Financial Officer SUBJECT: Setting a Public Hearing for the Issuance of Not to Exceed $2,060,000 Water Revenue Capital Loan Notes (State Revolving Loan Fund Program) Private Lead Service Line Replacement Pilot Program — Phase II DATE: September 2, 2026 INTRODUCTION The purpose of this memorandum is to provide suggested proceedings to set a public hearing on the issuance of not to exceed $2,060,000 Water Revenue Capital Loan Notes (State Revolving Loan Fund Program) Private Lead Service Line Replacement Pilot Program — Phase II. BACKGROUND The City of Dubuque is taking part in a unique opportunity to assist approximately 585 homes in three phases (owner occupied or rented) within the city with the functional replacement of private lead -water service lines by trenching or pull -through methods to prevent the potential for drinking water contamination at a house -by -house level. This phase of the pilot program is 100% voluntary and is open to those residents with a verified drinking water lead service line meeting the socioeconomic guidelines established by the Bipartisan Infrastructure Law. The city is moving forward with this unique opportunity and has secured a level of BIL funding to conduct the first of its kind in the community, Lead Service Line Replacement Pilot Program. The BIL funds are being administered locally through the Iowa Department of Natural Resources' State Revolving Fund (Iowa SRF) program, with 49% of construction costs being forgivable. The first phase of work was completed in the Fall of 2025 and accepted by the Council in March of 2026. It includes the replacement of 133 lead service lines and provided valuable implementation information that has guided planning, design, and construction requirements for the next phases of the pilot program. The scope of the second phase includes the replacement of approximately 210 lead service lines identified throughout the City's water distribution service area. Actual replacement numbers will be based on bids from contractors for unit price items associated with each site. DISCUSSION The project will be funded through both Iowa SRF and Water Construction Fund sources. This is primarily due to the nature of the work, as certain private portions of the work required for a complete project are not eligible for reimbursement through the Iowa SRF program. The State Revolving Fund loan will have an interest rate of 2.85%, with a 0.25% servicing fee, and a maturity date of June 1, 2046, with 49% of construction costs being forgivable, and will be abated from the water fund. ACTION TO BE TAKEN I respectfully recommend the adoption of the enclosed resolution fixing the date of September 21, 2026, for a public hearing on the proposed issuance not to exceed $2.06 million in Water Revenue Capital Loan Notes (State Revolving Loan Fund Program) for the Private Lead Service Line Replacement Pilot Program — Phase II. Attachments cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Brian DeMoss, Finance Manager Christopher Lester, Water Department Director DORSEY DORSEY+WHITNEY LLP September 1, 2026 VIA EMAIL Jenny Larson Chief Financial Officer Dubuque, Iowa Re: $2,060,000 SRF Water Revenue Loan and Disbursement Agreement File No. 430411-30 Dear Jenny: We have prepared and attach proceedings for use at the September 8, 2026, City Council meeting to set September 21, 2026, as the date for a hearing on the proposal to enter into the SRF Water Revenue Loan and Disbursement Agreement (the "Agreement") in connection with the Lead Service Line Replacement - Phase 2 Project. The documents attached include the following items: 1. Resolution fixing the date of meeting at which it is proposed to take action to enter into the Agreement. The form of notice is set out in Section 2 of the resolution. 2. Attestation Certificate with respect to the validity of the transcript. 3. Organization and Establishment Certificate. 4. Outstanding Debt Certificate with respect to the outstanding debt of the Water Utility. 5. Publication Certificate with respect to publication of the notice, to which must be attached the publisher's affidavit of publication with a clipping of the notice as published. The notice must be published at least once, not less than four (4) and not more than twenty (20) days before the meeting date set for the hearing, in a legal newspaper which has a general circulation in Dubuque. The last date on which this notice can be effectively published is September 17, 2026. to me. As soon as the notice appears in the newspaper, please have a copy scanned and emailed 8oi Grand Avenue I Suite 4100 1 Des Moines, IA 1 5o3og-800z 1 T 51-5.283.2-000 1 dorsey.conn Please return one fully executed copy of these proceedings to us as soon as they are available. Please call Emily Hammond or me if you have questions. Best regards, David D. Grossklaus John P. Danos Attachments cc: Crenna Bramwell Adrienne Breitfelder Trish Gleason Eldon Schneider Christopher Lester Tionna Pooler Tony Toigo Lee Wagner Yolanda Attaway DORSEY & WHITNEY LLP Dubuque / 430411-30 / I" '/: - Water Rev (LSLR Phase 11) MINUTES TO SET DATE FOR HEARING ON ENTERING INTO A LOAN AND DISBURSEMENT AGREEMENT 430411-30 (N/I) Dubuque, Iowa September 8, 2026 The City Council of the City of Dubuque, Iowa, met on September 8, 2026, at 6:30 p.m., at the Historic Federal Building, 350 W. 6`b St, Second Floor Council Chambers, Dubuque, Iowa. The Mayor presided and the roll was called showing the following members of the Council present and absent: Present: (rin cl' Gwonce k Cvic] I cm6efs LtVvdvKer, Pes►'i► K R-,)usSc11; 0"`\rir� Absent: - (,,}4 • • Other Business- - MOTION TO APPROVE RESOLUTION Council Member introduced the resolution hereinafter next set out and moved its adoption, seconded by Council Member SGrc,nk ; and after due consideration thereof by the Council, the Mayor put the question upon the adoption of the said resolution and the roll being called, the following named Council Members voted: Ayes: Nays: covan Whereupon, the Mayor declared the resolution duly adopted as follows: Sp(c, -I- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-30 / 15"'/2 - Water Rev (LSLR Phase 11) RESOLUTION NO. 333-26 Resolution to fix a date for a public hearing on proposal to enter into a Water Revenue Loan and Disbursement Agreement and to borrow money thereunder in a principal amount not to exceed $2,060,000 WHEREAS, the City of Dubuque (the "City"), in Dubuque County, State of Iowa, did heretofore establish a Municipal Waterworks Utility System (the "Utility") in and for the City which has continuously supplied water 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 Water Revenue bonds or notes as set forth on attached outstanding debt certificate, and a portion of such prior Water 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 now proposes to enter into a Water Revenue Loan and Disbursement Agreement (the "Agreement") and to borrow money thereunder in a principal amount not to exceed $2,060,000, 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 (the "Project"), and it is necessary to fix a date of meeting of the Council at which it is proposed to take action to enter into the Agreement and to give notice thereof as required by such law; NOW, THEREFORE, Be It Resolved by the City Council of the City of Dubuque, Iowa, as follows: Section 1. This City Council shall meet on September 21, 2026, at 6:30 p.m., at the Historic Federal Building, 350 W. 6th St, Second Floor Council Chambers, Dubuque, Iowa, at which time and place a hearing will be held and proceedings will be instituted and action taken to enter into the Agreement. Section 2. The City Clerk is hereby directed to give notice of the proposed action on the Agreement setting forth the amount and purpose thereof, the time when and place where the said meeting will be held, by publication at least once, not less than four (4) and not more than twenty (20) days before the meeting, in a legal newspaper which has a general circulation in the City. The notice shall be in substantially the following form: -2- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-30 / l" 'h - Water Rev (LSLR Phase 11) NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS TO ENTER INTO A LOAN AND DISBURSEMENT AGREEMENT IN A PRINCIPAL AMOUNT NOT TO EXCEED $2,060,000 (WATER REVENUE) The City Council of the City of Dubuque, Iowa, will meet on September 21, 2026, at 6:30 p.m., at the Historic Federal Building, 350 W. 61h 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 $2,060,000 for the purpose of paying the cost, to that extent, of planning, designing and constructing improvements and extensions to the Municipal Waterworks Utility 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 Water 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 -3- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-30 / 1"'/z - Water Rev (LSLR Phase 11) Section 3. Pursuant to Section 1.150-2 of the Income Tax Regulations (the "Regulations") of the Internal Revenue Service, the City declares (a) that it intends to undertake the Project which is reasonably estimated to cost approximately $2,060,000, (b) that other than (i) expenditures to be paid or reimbursed from sources other than the issuance of bonds, notes or other obligations (the "Bonds"), or (ii) expenditures made not earlier than 60 days prior to the date of this Resolution or a previous intent resolution of the City, or (iii) expenditures amounting to the lesser of $100,000 or 5% of the proceeds of the Bonds, or (iv) expenditures constituting preliminary expenditures as defined in Section 1. 1 50-2(f)(2) of the Regulations, no expenditures for the Project have heretofore been made by the City and no expenditures will be made by the City until after the date of this Resolution or a prior intent resolution of the City, and (c) that the City reasonably expects to reimburse the expenditures made for costs of the City out of the proceeds of the Bonds. This declaration is a declaration of official intent adopted pursuant to Section 1.150-2 of the Regulations. Section 4. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 5. This resolution shall be in full force and effect immediately upon its adoption and approval, as provided by law. Passed and approved September 8, 2026. Attest: City Clerk Mayor - - Other Business- - On motion and vote, the meeting adjourned. Attest: � r City Clerk -4- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-30 / 1'"/z -Water Rev (LSLR Phase 11) ATTESTATION CERTIFICATE: STATE OF IOWA COUNTY OF DUBUQUE SS: CITY OF DUBUQUE I, the undersigned, City Clerk of the City of Dubuque, Iowa, do hereby certify that attached hereto is a true and correct copy of the proceedings of the City Council relating to fixing a date for hearing on the City Council's proposal to take action in connection with a Water Revenue Loan and Disbursement Agreement. tt� WITNESS MY HAND this day of Sep ���^� , 2026. , - ,tr�2, 1 City Clerk -5- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-30 / 15"'/z - Water Rev (LSLR Phase 11) ORGANIZATION AND ESTABLISHMENT CERTIFICATE: STATE OF IOWA COUNTY OF DUBUQUE SS: CITY OF DUBUQUE I, the undersigned City Clerk, do hereby certify that the aforementioned City is organized and operating under the provisions of Title IX of the Code of Iowa and not under any special charter and that such City is operating under the Council -manager -ward form of government and that there is not pending or threatened any question or litigation whatsoever touching the incorporation of the City, the inclusion of any territory within its limits or the incumbency in office of any of the officials hereinafter named. And I do further certify that the following named parties are officials of the City as indicated: Mayor f q tkm l , oq j m ' `l i cn, , City Manager er,r1,ter %ArSor) ,Chief Financial Officer City Clerk je nn, City Treasurer LAuflk Rv U550 1 , Council Member/Mayor Pro Tem Nwi d R°SVl'C K , Council Member Cktir S -�)#oycr , Council Member Ty Son Le Ve rlAn C K!' , Council Member D,,Mr1U 5pratn k , Council Member Council Member And I do further certify that the City has provided for the office of Treasurer, and the Council has selected the Treasurer. I further certify that the City established the Municipal Waterworks Utility System (the "Utility") prior to January 1, 1961, and that the Utility has been in continuous operation by the City since its establishment as aforesaid in supplying water service to the City and its inhabitants. -6- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-30 / l' 1/z - Water Rev (LSLR Phase 1p I further certify that the management and control of the Utility are vested in the City Council of the City, and that no board of trustees exists which has any part of the control and management of such Utility. nth LL WITNESS MY HAND this i day of Sep l� fn �jel , 2026. g 1, City Clerk -7- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-30 / 1st % - Water Rev (LSLR Phase II) OUTSTANDING DEBT CERTIFICATE: STATE OF IOWA COUNTY OF DUBUQUE SS: CITY OF DUBUQUE I, the undersigned, City Clerk of the City of Dubuque, Iowa (the "City"), do hereby certify that the City has no bonds or other obligations of any kind now outstanding which are secured by and payable from the revenues derived from the operation of the Municipal Waterworks Utility System (the "Utility"), except as follows: Date Type Principal Amount Outstanding Maturi (Attach here a separate sheet listing any outstanding obligations of the City secured by and payable from the revenues of the Utility, excluding the proposed issue.) WITNESS MY HAND this day of , 2026. City Clerk -8- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA Dubuque / 430411-30 / 1st % - Water Rev (LSLR Phase II) PUBLICATION CERTIFICATE: STATE OF IOWA COUNTY OF DUBUQUE SS: CITY OF DUBUQUE I, the undersigned, City Clerk of the City of Dubuque, Iowa, do hereby certify that pursuant to the resolution of its City Council fixing a date of meeting at which it is proposed to take action to enter into a loan and disbursement agreement, the notice, of which the printed slip attached to the publisher's affidavit hereto attached is a true and complete copy, was published on the date and in the newspaper specified in such affidavit, which newspaper has a general circulation in the City. WITNESS MY HAND this day of , 2026. City Clerk (Attach here the publisher's original affidavit with clipping of the notice, as published.) -9- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA