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RISE Application New Street for Hormel DICWTHE CITY OF Dubuque --'~"' ~LTB E ~.;~~~ Masterpiece on the Mississippi 2007 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Immediate Opportunity RISE Application for New Street (Chavenelle Court) South of Chavenelle Drive to Support the Hormel Project DATE: March 11, 2008 Economic Development Director Dave Heiar is recommending approval of a grant application to the Iowa Department of Transportation (IDOT) .Revitalize Iowa's Sound Economy (RISE) program to help finance a street that will serve the Hormel project in Dubuque Industrial Center West. Hormel Foods Corporation plans to build an $89 million, state-of-the-art food processing facility on approximately 40 acres in the Dubuque Industrial Center West. The Austin, Minnesota-based company hopes to break ground this summer and plans to have two lines producing packaged foods in 327,000 square feet of new space by the fall of 2009. This project will bring 196 new jobs to the area, with capacity for more, based on consumer demand for shelf stable microwave meals. The total estimated cost of the street project is $555,989. A local match of twenty percent ($111,198) is required by the State. The City has remaining G.O. Bond proceeds from the Chavenelle Street Extension project to use as local match. I concur with the recommendation and respectfully request Mayor and City Council approval. ~l ~~ ichael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager David J. Heiar, Economic Development Director THE CTIY OF DU bU q UE DUB E Masterpiece on the Mississippi ~ I I z~K-, MEMORANDUM March 10, 2008 TO: Michael Van Milligen, City Manager FROM: David J. Heiar, Economic Development Director SUBJECT: Immediate Opportunity RISE Application for a New Street (Chavenelle Court) South of Chavenelle Drive to Support the Hormel Project INTRODUCTION This memorandum requests City .Council approval of a Resolution endorsing a RISE grant application for a new street south from Chavenelle Drive to serve the 48.6 acres of industrial property located in the lower level of the Dubuque Industrial Center West. The new street will be named Chavenelle Court, and is needed to accommodate the Hormel project. BACKGROUND The Iowa Department of Transportation (IDOT) administers the Revitalize Iowa's Sound Economy (RISE) program which provides funding in support of local and/or regional economic development efforts. The RISE Funding may be used to assist construction of new roadways to support new economic development initiatives. A local match of not less than twenty percent is required in the Immediate Opportunity RISE program. The City has remaining G.O. Bond proceeds from the Chavenelle Street Extension project to use as local match. Hormel Foods Corporation plans to build an $89 million, state-of-the-art food processing facility on approximately 40 acres in the Dubuque Industrial Center West. The Austin, Minnesota-based company hopes to break ground this summer and plans to have two lines producing packaged foods in 327,000 square feet of new space by the fall of 2009. This project will bring 196 new jobs to the area, with capacity for more, based on consumer demand for shelf stable microwave meals. The proximity of Dubuque to Hormel's main grocery products distribution center was an important logistical consideration. Raw materials will be shipped to Dubuque from other locations. Various recipes will be used to make non-frozen, ready-to-eat products for the grocery shelf. The operation will not involve animal slaughter or meat processing. Hormel Foods Corporation is a multinational manufacturer and marketer of high-quality, brand-name food and meat products. In each of the past nine years, Hormel Foods Corporation has been named one of the "400 Best Big Companies in America" by Forbes. DISCUSSION The attached Resolution authorizes an application for RISE funding for a new 1,580 foot urban industrial cul-de-sac providing access into this 48.6 acre site. This road will provide direct access to 2 industrial lots. Based on the projected traffic volume on Chavenelle Road, the engineers are proposing separate right and left turn lanes in the vicinity of Chavenelle Court. The Resolution contains provisions required by IDOT, including an endorsement of the project, a certification that the roadway is dedicated to public use and will remain so dedicated and the assurance that the City assumes responsibility for the ongoing maintenance of the roadway improvement. The total estimated cost of the street project is $555,989 which includes design and engineering and construction services. The application requests that the State fund 80% or $444,791 of the eligible costs with a RISE grant. The balance of street project cost ($111,198) will be funded by proceeds from a previous G.O. Bond sale. The City will also be responsible for the extension of a water main along the new street. Sanitary sewer is already extended to the site. RECOMMENDATION I recommend that the City Council endorse the submission of an application for a RISE grant for Chavenelle Court. This project will provide access into a 48.6 acre parcel which will be subdivided into two lots. One of these lots will accommodate the Hormel project, and there will be another 7.5 acre parcel for future development. If the City is successful with this application, we will return to the City Council for approval of the grant agreement and finalization of local match funding. ACTION STEP The action is to adopt the attached Resolution. Attachment F:\USERS\DHEIAR\RISE\RISE APP MEMO TO MVM.DOC Prepared/Return to: David Heiar Economic Development 50 W. 13th St. Dubuque, IA 52001 (563) 589-4393 RESOLUTION NO 92-08 A RESOLUTION ENDORSING THE SUBMISSION OF A REVITALIZE IOWA'S SOUND ECONOMY (RISE) APPLICATION TO THE IOWA DEPARTMENT OF TRANSPORTATION FOR THE CONSTRUCTION OF A CUL DE SAC SOUTH FROM CHAVENELLE ROAD TO ACCESS LOTS IN THE DUBUQUE INDUSTRIAL CENTER WEST 3RD ADDITION. Whereas, the City of Dubuque believes that economic development opportunities require developable industrial land with adequate public infrastructure in order to retain and attract new job creating businesses and industries to this community; and Whereas, the City of Dubuque is developing 48.6 acres of additional industrial land located in the Dubuque Industrial Center West (lot 4, 5th addition); and Whereas, certain lots within the development must be accessed by a cul de sac extending south from Chavenelle Road; and Whereas, the City is negotiating with Hormel Food Corporation to purchase 40 acres of land to build a 327,000 square foot manufacturing facility that will create196 new jobs; and Whereas, the Iowa Department of Transportation, through its Revitalize Iowa's Sound Economy (RISE) Immediate Opportunity Project Funding, has monies available for the development of public roadways to support immediate economic development opportunities. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City of Dubuque hereby endorses the application to the Iowa Department of Transportation for RISE Immediate Opportunity funding to provide roadway access to development lots in the Dubuque Industrial Center West 3rd Addition in support of the construction of a new Hormel Foods Corporation manufacturing facility in the industrial park. Section 2. That the City of Dubuque hereby certifies that the roadway improvements will be dedicated to public use and will remain so dedicated to public use and that G.O. Bond funds will be available to finance the City's portion of project costs. Section 3. Lot 4 of the 5th Addition in the Dubuque Industrial Center West, currently is only accessible by a dirt road. A paved street is essential to serve this site to accommodate the proposed Hormel project. Section 4. That the City of Dubuque hereby assumes responsibility for and ongoing maintenance of these roadway improvements and ensures that the roadway will be adequately maintained in the future. Section 5. That the City Manager is authorized to sign, on behalf of the City Council, the application for RISE funding. PASSED, APPROVED and ADOPTED this 17th day of March, 2008. Roy D. ATTEST: Jeanne F. Schneider, City Clerk F:\USERS\DHeiar\RISE res.doc Dubuque Economic Development Department City Hall -Second Floor 50 West 13th Street Dubuque, Iowa 52001-4864 (563) 589-4393 office (563) 589-1733 fax (563) 690-6678 TDD THE CggItTY OpF~ ~(-~,m... ~,'V {~~, l IX17 ~~ ~ ~ March 5, 2008 Tom Vaughan Office of Local Systems Iowa Department of Transportation 800 Lincoln Way Ames, Iowa 50010 RE: Immediate Opportunity RISE Program Dear Mr. Vaughan: Enclosed please find an application for the Immediate Opportunity Rise Program to assist Hormel Food Corporation with the construction of a new manufacturing facility in the Dubuque Industrial Center West. The new facility will be a wholly-owned subsidiary of Hormel, as the company seeks to expand into the microtray packaged foods market, a niche where demand is growing across the country. Raw material will be shipped to Dubuque from other locations. Various recipes will be used to make ready-to-eat products for the grocery shelf. The creation of 196 new manufacturing jobs will have a tremendous impact on the local economy. It is hoped that these new positions will offset the loss of other jobs in the community. The area has seen some fairly substantial closing over the past few years. In January 2008, McKesson Corporation announced eliminating 79 positions in Dubuque. Regency Thermographers closed its doors, resulting in 137 jobs being lost. Camoplast in Peosta cut-back dramatically, resulting in 40 jobs being lost. Unique Balance closed putting 80 people out of work. Flexsteel has eliminated approximately 400 jobs in the last 3 years. With these plant closings and layoffs many qualified workers are in need of different career opportunities. The proposed street will serve a 39.73 acre site for the Hormel plant. The street will also serve a 7.5 acre site for future development. In an effort to move forward in a timely matter to meet Hormel's construction schedule, the application and attached resolution are not signed. The City Council will act on these matters on March 17, and I will forward the signed copies at that time. If you have any questions or need additional in#ormation, please call me at (563)589-4393. Sincerely, ~~ David J. Heiar Economic Dev opment Director Cc: Fred Dean Service People Integrity Responsibility Innovation Teamwork Form 260002 I 0-04wd ~~ Iowa Department of Transportation APPLICATION FORM for RISE: IMMEDIATE OPPORTUNITY PROJECT FUNDING GENERAL INFORMATION Applicant Name: City or County of City of Dubuque Contact Person: David J. Heiar Title: Economic Development Director Complete Mailing Address City Hall, 50 West 13`h Street Street Address and/or Box No. Dubuque IA 52001 Daytime Phone: (563)589-4393 City State Zip Area Code If more than one local government is involved in this roadway project, please state the highway authority, contact person, mailing address, and telephone number of the second agency. (Attach an additional page if more than two agencies are involved.) City or County of N/A Complete Mailing Address Contact Person: Street Address and/or Box No. Daytime Phone: City State Zip Area Code Was this application discussed with or reviewed by DOT District Office staff? ®Yes ^ No Have you applied for funding from the Department of Economic Development? ®Yes ^ No If so, please state amount, purpose, and status. HQJP application for $5,800,000 is on the March IDED agenda Please complete the following: The proposed project is on the following type(s) of road: ® City Street ^ Secondary Road ^ Primary Road This project involves ®Development of a New Road (Length in feet: 1580 ^ Improvement of an Existing Road (Length in feet: ) ^ Both This project involves ^ Expanding an Existing Development ® Attracting a New Development ^ Retaining an Existing Development Has any part of this development or roadway project been started? ^Yes ®No If yes, please explain. Does the project involve relocation of economic activity from elsewhere in Iowa? ^ Yes ®No If yes, please explain. This application is for RISE funding as a ^ Loan ®Grant ^ Combination If this application is for a loan or a combination loan/grant, please state the proposed terms of repayment. (Include amount of principal to be repaid, proposed interest rate, length of repayment, etc.) If this application is for funding for two or three program years, please specify the amount of funding requested for each year: First year $ N/A Second year $ Third year $ ROADWAY PROJECT COST INFORMATION (Please attach an itemized breakdown as Item J.) RISE funds requested for roadway project Non-RISE funds available for roadway project List below the source and amount of these non-RISE roadway funds. Source 1. G.O. Bonds 2. 3. 4. $ 444,791 $ 111,198 Amount Total cost of roadway project $ 555,989 (The RISE funds requested and the non-RISEfunds available should equal the total cost of roadway project.) TOTAL CAPITAL INVESTMENT INFORMATION (For purposes of this application, total capital investment should not include any investment in the roadway project. Please attach an itemized breakdown as Item I.) Capital investment from private sources (non-roadway) $ 123,238,600 Capital investment from public sources (non-roadway) $ 19,471,000 Total Capital Investment $ 142,709,600 ECONOMIC IMPACT INFORMATION The type of development involved is ® Industrial/manufacturing ^ Commercial/office/wholesale ^ Park/tourist/recreational ^ Retail ^ Other (sped) Assured? yes Please state the number of permanent, direct jobs created and/or retained as a result of this project. (Direct jobs created refer to new jobs in firms, developments, or sites specifically assisted by a RISE project but do not include construction or indirect "multiplier" jobs. Direct jobs retained do not include existing jobs unless there is an immediate threat the development will be located out-of-state, and documentation is provided.) Permanent, full-time jobs at present 0 Initial direct jobs created 196 (within first two years) Future direct jobs created (beyond first two years) (Else full-time equivalents if necessary.) Total direct jobs created 196 Total direct jobs retained 0 2 DOCUMENTATION INFORMATION The following documents must be attached to this application. In the upper right-hand corner of each document, write the letter shown below which the document supports. (Please refer to the general instructions for an explanation of each item.) Please check that the following items are attached: ® A. A RESOLUTION or resolutions approved by the participating local governments. ® B. A NARRATIVE describing the potential economic development. ® C. A TRANSPORTATION NARRATIVE assessing existing conditions, outlining the proposed concept of the roadway project, and providing adequate transportation justification. ® D. A reproducible MAP identifying the general area, the location of the roadway project, and the location of associated economic development. ® E. A PLAN and typical CROSS-SECTION of the roadway project. ® F. A TIME SCHEDULE for the total development, including the roadway project. ® G. ASSURANCE of at least 20 percent non-RISE financial participation in the project. ® H. DOCUMENTATION that arrangements have been made for nonroadway factors intrinsic to the success of the development. ® I. An ITEMIZED BREAKDOWN of total capital investment (nonroadway). ® J. An ITEMIZED BREAKDOWN of total roadway project costs. The attached form must be used. ® K. A NARRATIVE describing the associated economic development and jobs. The attached form must be used. ® L. DOCUMENTATION that the proposed road project and economic development are consistent with any regional or metropolitan area long-range transportation plans in effect for the RISE project location. CERTIFICATION To the best of my knowledge and belief, all information included in this application is true and accurate, including the commitment of all physical and financial resources. This application has been duly authorized by the participating local government(s). I understand the attached RESOLUTION(S) binds the participating local governments to assume responsibility for adequate maintenance of any new or improved city streets or secondary roads. I hereby certify, under penalty of perjury, that any award of RISE funds; any subsequent letting of contracts for design, construction, reconstruction, improvement or maintenance; or the furnishing of materials therefore; shall not involve direct or indirect interest, prohibited by Iowa Code Section 15A.2, 314.2, 362.5 or 331.342, of any state, county, or city official, elective or appointive. Any award of RISE funding or any letting of a contract in violation of the foregoing provisions shall invalidate the award of RISE funding and authorize a complete recovery of any funds previously disbursed. I understand that, although this information is sufficient to secure a commitment of funds, a firm contract between the applicant and the Department is required prior to the authorization of funds. Representing the City of Dubuque Signed: Michael C. Van Milligen, City Manager Typed Name and Title Attested: Signature in Ink Jeanne Schneider, City Clerk Typed Name and Title Date Signed March 17, 2008 Typed Date Date Signed March 17, 2008 Typed Date Attachment A RESOLUTION NO A RESOLUTION ENDORSING THE SUBMISSION OF A REVITALIZE IOWA'S SOUND ECONOMY (RISE) APPLICATION TO THE IOWA DEPARTMENT OF TRANSPORTATION FOR THE CONSTRUCTION OF A CUL DE SAC SOUTH FROM CHAVENELLE ROAD TO ACCESS LOTS IN THE DUBUQUE INDUSTRIAL CENTER WEST 3RD ADDITION. Whereas, the City of Dubuque believes that economic development opportunities require developable industrial land with adequate public infrastructure in order to retain and attract new job creating businesses and industries to this community; and Whereas, the City of Dubuque is developing approximately 49 acres of additional industrial land located in the Dubuque Industrial Center West (lot 4, 5th addition); and Whereas, certain lots within the development must be accessed by a cul de sac extending south from Chavenelle Road; and Whereas, the City is negotiating with Hormel Food Corporation to purchase 40 acres of land to build a 327,000 square foot manufacturing facility that will create196 new jobs; and Whereas, the Iowa Department of Transportation, through its Revitalize Iowa's Sound Economy (RISE) Immediate Opportunity Project Funding, has monies available for the development of public roadways to support immediate economic development opportunities. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City of Dubuque hereby endorses the application to the Iowa Department of Transportation for RISE Immediate Opportunity funding to provide roadway access to development lots in the Dubuque Industrial Center West 3` Addition in support of the construction of a new Hormel Foods Corporation manufacturing facility in the industrial park. Section 2. That the City of Dubuque hereby certifies that the roadway improvements will be dedicated to public use and will remain so dedicated to public use and that G.O. Bond funds will be available to finance the City's portion of project costs. Section 3. Lot 4 of the 5tf' Addition in the Dubuque Industrial Center West, currently is only accessible by a dirt road. A paved street is essential to serve this site to accommodate the proposed Hormel project. Section 4. That the City of Dubuque hereby assumes responsibility for and ongoing maintenance of these roadway improvements and ensures that the roadway will be adequately maintained in the future. Section 5. That the City Manager is authorized to sign, on behalf of the City Council, the application for RISE funding. PASSED, APPROVED and ADOPTED this 17th day of March, 2008. ATTEST: Roy D. Buol, Mayor Jeanne F. Schneider, City Clerk Attachment B Economic Development Narrative The construction of a new street in the Dubuque Industrial Center West to serve Lot 4 of the 5~ Addition is essential to the City's immediate plans for economic development. The City is currently negotiating with Hormel Foods Corp. to site a new 327,000 square foot processing facility in the Dubuque Industrial Center West (on a portion of Lot 4 of the 5th Addition). The construction of anew road in the park will allow the City to accommodate Hormel on a 39.73 acre site and also provide access to another 7.5 acre site for a future development. The company has proposed to expand its Iowa operations at the City's industrial park if the City can deliver a useable site. Hormel Foods Corporation is a multinational manufacturer and marketer ofhigh-quality, brand-name food and meat products for consumers throughout the world. The firm offers a wide variety of products, including ham, bacon, sausage, franks, canned luncheon meats, stews, chili, hash, meat spreads, shelf-stable microwave entrees, salsas and frozen processed foods. The new facility will be a wholly-owned subsidiary of Hormel, as the company seeks to expand into the *microtray* packaged foods market, a niche where demand is growing across the country. Raw material will be shipped to Dubuque from other locations. Various recipes will be used to make ready-to-eat products for the grocery shelf. The company anticipates creating 196 jobs with the new facility in the first 2 years and additional jobs could be added in future years. The proposed manufacturing facility will initially consist of 2 production lines with capacity to be expanded to 4 production lines. The company also received a proposal from Moline, Illinois. The Iowa Department of Economic Development has reviewed a competing proposal from Illinois and has offered the company HQJP incentives to locate in Iowa. The area has seen some fairly substantial closing over the past few years. In January 2008, McKesson Corporation announced eliminating 79 positions in Dubuque. McKesson will retain 300 employees in the community but the future of those positions is unknown. Regency Thermographers closed its doors, resulting in 137 jobs being lost. Camoplast in Peosta cut-back dramatically, resulting in 40 jobs being lost. Unique Balance closed putting 80 people out of work. Flexsteel has eliminated approximately 400 jobs in the last 3 years. With these plant closings and layoffs many qualified workers are in need of different career opportunities. The proposed project would have a significant impact on the local community and surrounding communities. These would include improved employment opportunities that result in growth in the region's workforce, which results in an increase in revenues to the region. This may also help with continued residential growth within the City of Dubuque. In summary, the emphasis is on the immediate need for a commitment of RISE funding. The immediate impact will be the creation of 196 jobs. The project will also provide a private investment of over $123,000,000 and a public investment of approximately $19,471,000. Attachment B-1 ~lormel Foods Corporate Office February 27, 2008 David J. Heiar Economic Development Director City of Dubuque 50 W. 13th Street Dubuque, IA 52001 Re: Dubuque Plant Dear Mr. Heiar: Hormel Foods Corporation 1 Hormel Place Austin MN 55912-3680 On Wednesday, January 30, 2008, Hormel announced plans to construct a new 327,000 square foot plant in Dubuque. The site that we have selected is south of Chavenelle Road in the Dubuque Industrial Center West. As we have discussed, our commitment to this $89M project and resulting 196 jobs is conditioned on the City providing a public road to the site. Since we are planning to begin construction on May 1, 2008, your assistance in facilitating this requirement improvement is greatly appreciated. If you have any questions, please feel free to contact me. Sincerely, Joseph L. Maccani, P.E. Manger of Corporate Properties Hormel Foods Corp. 1 Hormel Place Austin, MN 55437 (507) 437-5409 jlmaccaniCc~hormel.com /jlm Attachment B-2 February 29, 2008 Dave Heiar Economic Development Director City of Dubuque 50 W. 13th Street Dubuque, Iowa 52001 Dear Mr. Heiar: GreaterDubuque Please include this letter of support in your application to the Iowa Department of Transportation. Funding from the RISE program will help to supply necessary road improvements to the Dubuque Industrial Center West. These improvements are critical to the recruitment of Hormel Foods to our community. The 196 proposed jobs, combined with Hormel's $89 million dollar capital investment, will not be possible without the RISE funding and resulting new road. The roadway will also provide access to adjoining land owned by the City of Dubuque that is primed for future development. What a great use of funds for the "Revitalization of Iowa's Sound Economy." Sincerely, ~~~~ Rick Dickinson Executive Director & COO 300 Main Street, Suite 120, Dubuque, Iowa 52001 www.greaterdubuque.org e-mail gddc@greaterdubuque.org phone 563.557.9049 fax 563.557.1059 Attachment C Transportation Narrative The proposed street project to access the proposed new Hormel plant on 39.73 acres south of Chavenelle Drive in Dubuque Industrial Center West will generate truck and employee traffic upon opening that will increase with future expansion of the plant. Hormel provided the following information: • Immediate traffic upon opening (327,000 square foot facility) Truck Traffic 15 trucks delivering raw goods to the site and 12 trucks of finished goods leaving the site, 3-5 smaller delivery trucks daily 200 Employees • Ultimate build-out traffic (533,000 square foot facility) Truck Traffic 30 trucks entering and 24 trucks exiting the site, 6-10 smaller delivery trucks daily 700 Employees Using ITE Trip Generation, 7th Edition for the category Manufacturing (140) weekday trip generation 1.75X+246 trip ends per employee, the projected design traffic from the Hormel facility would be 1,470 AATD, including 10.7% trucks. The same street that is required to serve the Hormel facility will also provide access to approximately 7.5 acres that could support a building size of approximately 110,000 to 130,000 square feet, or about 25% of the size of the Hormel facility. Prorating the same density of trip generation, this site would produce in the future an additional 370 AATD, including trucks. The total projected design traffic count for this street and the intersection with Chavenelle Road would be 1,840 AATD. The design hourly volume based on the ITE Manufacturing (140) p.m, peak hour of generator trip generation would be 352 AATD, 48% entering, 52% exiting. We estimate the directional split of exiting traffic to be 40% westbound and 60% eastbound, or 73 AATD turning left and 110 AATD turning right. Based on the projected traffic volume on Chavenelle Road, the generated volume would easily warrant separate right and left tum lanes. Also due to the terrain in the industrial park, this will always be a tee intersection. The proposed roadway project will include a 1580 foot street, 31 feet wide with a 66 foot ROW. The paving will be 9 inches of PCC. 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Z O I } _. _... . vl~ I ...._.. i ... .._.. _..._ i ...._ ....._. ........ zcroza ~ ~........ ;_ .mmo.J.L. .. so~ocu 8 ~ ~ ~ ~ I eevca m _~ ........ { ..: '.......... ~ ~... ,. a~Ln aL ~yy ~ 2 i..._... , .. .. ........... . ..,. ..._ _........~......, .._.,.. mLn ti d~}~ O ~~~.:~~oaL• ' ;......_ .._ ... .... ..._.... w ao+e ...._'.. '~........_.. ~ ....... ro'L~ WV ff~60~Lt 900Z18UZ'Z-0d'~P'il3WtlOH•M~IO-LbLLOU!~YJ1~uynviOlLO-L9L1Lb11L01~d Attachment F Time Schedule Street Hormel • Project approval at Iowa DOT April 7/8, 2008 meeting • City Council sets bidding date: April 19, 2008 • Receipt of Bids: May 8, 2008 • Award of Construction Contract: May 19, 2008 • Begin construction -street grading: June 1, 2008 • Complete utility and street storm sewer construction: July 15, 2008 • Complete pavement for use by traffic: September 30, 2008 • Complete seeding, finishing, etc., project acceptance: October 30, 2008 • Begin Construction: May 2008 • Complete Construction: November 2009 Attachment G Assurance of Funding The City of Dubuque is committed to funding the remainder of the proposed roadway costs and so states in the formal Resolution. Attachment H Non-Roadway Factors in Place Factors intrinsic to the successful development of this site are in place from the City's perspective, including zoning, site development and full public infrastructure. Negotiations with the company to locate in Lot 4 of the 5th Addition in the Dubuque Industrial Center West continue, conditioned on the City being able to provide public access to the site. No other lots in the industrial park are large enough to accommodate this project size. Hormel has met with representatives of the community college (NICC) to work on the job training agreements. The company has secured financing and Board approval to move this project forward. Attachment I HORMEL FOODS CORP -Dubuque Company Investment Land Acquisition $1,000,000 Site Preparation $4,590,000 Building Construction $51,750,000 Mfg. Machinery & Equip. $29,952,600 Racking, Shelving, etc. $160,000 Computer Hardware $857,000 Computer Software $23,000 Furniture & Fixtures $100,000 Working Capital $31,800,000 Research & Development $106,000 Job Training $900,000 Subtotal $123,238,600 City Investment Land grant $3,000,000 Non-RISE eligible street costs $271,000 10 year property tax rebate $9,000,000 Subtotal $12,271,000 State Financial Incentives requested Program Estimated Value New Jobs Credits $500,000 Job Training Funds $900,000 HQJP Tax Credits $4,400,000 HQJP Sales Tax Refund $1,400,000 Subtotal $7,200,000 Grand Total $142,709,600 Water, Sewer, Electricity, Natural Gas, Telephone are already in the Dubuque Industrial Center West. Sewer is on site. A water main will be extended when the street is constructed. Street lights, fiber optic, and street landscaping will also be provided by the City. Form ?6000? 8-94wd Attachment J RISE IMMEDIATE OPPORTUNITY APPLICATION Roadway Project Description and Cost Estimate (RISE-Eligible Items) LEAD APPLICANT NAME: City of Dubuque Date: 2/29/08 ROAD PROJECT DESCRIPTION: 1840 Location: Dubuque Industrial Center West -Lot 4 of the 5`h Addition (Hormel Project) Length (ft.): 1580 Pavement Width: 31' ROW Width: 66 Pavement Type: PCC Paving w/ integral curb Depth: 9" TRAFFIC INFORMATION: Present AADT (2010 ): 1470 Design Year AADT (2015 ): COST ESTIMATE: Item Description Mobilization & Miscellaneous Clearing & Grubbing Evacuation, Class 10 12" Crushed Stone Base, 9" PCC Paving w/ Integral curb Erosion Control Curb backfill, topsoil, seed, mul Traffic control, pavement marki 15" RCP, Class III, Class C bed 18" RCP, Class III, Class C bed 24" RCP, Class III, Class C bed 30" RCP, Class III, Class C bed 30" Concrete Apron w/trash gua Riprap Type 101-B Catch Basin Type 104-B Catch Basin Select Backfill, Storm SUBTOTAL Trucks: 10.7 Trucks: 8.7 Units & Unit Cost 1 LS Unit @ $15,000 1 AC Unit @ $400.00 7,600 CY @ $2.18 5,900 TON (a~ $12.92 6,500 SY @ $34.82 1 LS (c~ $7,650.00 2 AC @ $3,116.67 1 LS @ $2,870.00 371 LF @ $36.00 400 LF (a~ $40.00 452 LF @ $45.00 140 LF @ $60.00 1 EA @ $1,250.00 30 TON @ $20.00 6 EA @ $1,850.00 1 EA @ $2,800.00 1,223 LF @ $15.00 Engineering, Legal, Administration Contingency Total Cost $15,000 $400 $16,600 $76,250 $226,350 $7,650 $7,480 $2,870 $13,356 $16,000 $20,340 $8,400 $1,250 $600 $11,100 $2,800 $18,345 $444,791 $66,719 $44,479 GRAND TOTAL $555,989 Note: If road project is in more than one jurisdiction, please prepare separate cost estimate forms for each portion and submit with applications. Please refer to next page 4 Attachment K Each business involved should prepare a narrative addressing the following points. The narrative should be attached to the application as "Item K". A) A description and history of the business, including the location of company headquarters, all current plants (both in-and out-of-state), and the number offull-time and part-time employees at each location. Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. The company enjoys a strong reputation among consumers, retail grocers, and foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience, and value. Hormel Foods and its' subsidiaries sells products in all 50 states through a direct sales force assigned to offices in major cities throughout the United States. Their efforts are supported by sales brokers and distributors. Hormel Foods International (HFIC), a wholly owned subsidiary in Austin, has established numerous joint venture and license agreements internationally that include Australia, China, Denmark, England, Japan, Korea, Mexico, Panama, Canada, the Philippines, Spain and other nations. HFIC exports products to more than forty countries. The headquarters for Hormel Foods is in Austin Minnesota along with its research and development division and flagship plant. Company facilities that manufacture meat and food products are located in Algona, Knoxville, Osceola, Nevada, Fort Dodge, and Bondurant Iowa; Atlanta, Savannah and Bremen Georgia; Wichita and Alma Kansas; Aurora and Rochelle Illinois; Beloit, New Berlin, Baron and Sparta Wisconsin; Fremont Nebraska; Stockton, Turlock, San Leandro, Chino, Visalia, and Vernon California. Custom manufacturing of selected Hormel Foods products is performed by various companies that adhere to stringent corporate guidelines and quality standards. With more than 18,000 employees, Hormel Foods is owned by approximately 11,500 shareholders of record. Hormel Foods common stock is listed on the New York Stock Exchange under the ticker symbol HRL. List the Business' Iowa Locations and the Current Number of Employees at each Location Fort Dodge 21 Knoxville 147 Home Office Based Sales People 28 Osceola 699 Eldridge 62 Nevada 320 Algona 168 Dubuque 8 Ames 7 Bondurant 127 B) Data supporting historical and projected growth potential. Market Assessment • Microwave Ready-to-eat Meals is a $500MM segment of the $7B Single-serve (SS) Ready Meals Solutions market • While Ready Meals Solutions market is mature and generally stagnant, Microwave segments is growing at a double-digit rates, fueled consumers demand for speedy, portable, and satiating meals • Hormel®CompleatsT'" is the pioneer and market leader in the Microwave Tray sub-segments, holding a 76% dollar market share of the category • Hormel® CompleatsT"" is uniquely positioned to capitalize on growth opportunity due to Hormel's strong brand name, heritage in quality meats, and technology leadership Feasibility Study • Nielsen Business Consulting Services conducted an independent assessment of 2012 Hormel® CompleatsT"" volume potential in the context of the overall category growth, impact of marketing efforts, new product introductions and brand extensions on growth potential • Independent volume estimate results show the Hormel Compleats business growing to 145 million pounds or about $430 million dollars by 2012 representing a 5 year CAGR of 19.3%. Projected Profit and Loss Statement 2010 2011 2012 Tonna e 37,600,000 49,800,000 53,000,000 Gross Sales 110,920,000 146,910,000 156,350,000 Trade 10,806,240 13,356,360 13,504,400 Net Sales 100,133,760 133,553,640 142,845,600 Cost 64,014,000 85,631,100 91,690,000 Gross Margin 36,099,760 47,922,540 51,155,600 Frei ht/VVhse 4,786,480 6,324,600 6,725,700 SGA 7,027,440 9,287,700 9,889,800 Marketin Exp 5,959,600 7,963,020 8,374,000 Net Income Before Taxes 18,326,240 24,347,220 26,166,100 C) The hourly wages and turnover rates for each current jobs classification. Not Applicable D) The hourly wages, whether full or part time, and expected turnover rates for each future job created. SUMMARY OF NEWLY CREATED JOBS FOR DUBUQUE PLANT A B c D E Job Title Skills, Education, or Experience # of Created (C) Estimated starting Job Qualify? Required Jobs °r Retained (R) rate If E > $20.68) Plant Mgr 4 yr degree and/or 1 C $60 00 YES related ex erience . Production Supt 4 yr degree and/or 1 C $38 00 YES related ex erience . Mgr Plant Engineering 4 yr degree and/or 1 C $36 00 YES related ex erience . Human Resource Mgr 4 yr degree and/or 1 C $32 00 YES related ex erience . Plant Controller 4 yr degree and/or 1 C $32 00 YES related ex erience . Industrial Engineering Mgr 4 yr degree and/or 1 C $30 00 YES related ex erience . Quali & Process Control M r ~ g 4 yr degree and/or 1 C $30 00 YES related ex erience . Maintenance Engineer 4 yr degree and/or 1 C $30 00 YES related ex erience . Purchasing Mgr 4 yr degree and/or 1 C $28 00 YES related ex erience . 0&PC Supv I 4 yr degree and/or 1 C $25 00 YES related ex erience . Production Supv-Days 4 yr degree and/or 3 C $25 00 YES related ex erience . Maintenance Supv 4 yr degree and/or 2 C $25 00 YES related ex erience . Supv Sanitation 4 yr degree and/or 1 C $23 00 YES related ex erience . Production Supv-Nights 4 yr degree and/or 3 C $23 00 YES related ex erience . Relief Production Supv 4 yr degree and/or 2 C $21 00 YES related ex erience . Sr Electronic Tech 2 yr technical degree and/or 4+yrs 2 C $18 00 - $21 00 NO related ex erience referred . . Electronic Tech 2 yr technical degree and/or 0-2 yrs 2 C $15 00 - $18 00 NO related ex erience referred . . Office Clerical High School Diploma, GED or related 5 C $11 00 - $15 00 NO ex erience referred . . Quali Control Auditors ~ High School Diploma, GED or related 14 C $11 00 - $15 00 NO ex erience referred . . Mechanics/Electricians 2 yr technical degree and/or related 12 C $13 00 - $17 00 NO ex erience referred . . Plant Laborers Related ex erience referred 140 C $11.50-$13.50 NO Total positions I 196 I ~ 21 ~ Notes: There is not a single starting rate for our management positions because it varies based on several factors, including academic credentials, relevant work experience, strength of interview, labor market, etc. However, the data provided in Column E is quite typical for someone meeting the minimum qualifications. This philosophy also applies to office clerical, QC auditor, and E-Tech positions, and therefore, we are showing a reasonable range for those starting salaries. There is no historical data at the Dubuque site to determine turnover rates. E) A description of employment conditions, including an itemized list and dollar value per employee of any job benefits, work environment, safety record, opportunity for advancement. etc Employee Benefits Total Annual Cost Portion of Total Plan Provisions , (include deductibles coinsurance % Provided by the (show on a per Annual Cost Paid * , , office visit co-payments annual out-of- Business employee basis) by the Business , pocket maximums, face amounts, etc.) Em to ee Famil Em to ee Famil $4,400 $11,600 82% 80% $400 deductible, 82/20 co-insurance Medical/Health Annual out of pocket maximum $2,000 Insurance Include in Include Include in Include 80/20 co-insurance to a maximum Dental Insurance above in above above in calendar employer payment of $1,000, above $75 deductible, 50% co-insurance on orthodontics to $1,000 lifetime maximum Include in Include Include in Include $40 employer payment on exam, $45 on Vision Insurance above in above above in lenses, $45 on frames. Benefit available above eve 2 ears. $20 100% $10,000 term life, $5,000 accidental death Life Insurance $340 100% 60% of weekly pay, 10 week maximum, 5 Short Term Disability day waiting period (STD) None Long Term Disability (LTD) " If the business's plan isself-insured, please use the amount paid by the business for costs associated with employee and family coverage during the past three years and then, determine the business' average annual contribution per employee for that three year period. Does the Business offer a pension plan, 401(k) plan, and/or retirement plan? XX Yes ^ No If pension plan: Average annual benefit per employee: If 401(k) Plan: Company match offered as a percentage of salary: 3% Average annual match paid as a percentage of salary: new location If other retirement plans: Type of plan: Employer 401 k fixed contribution Average annual benefit per employee: $416 Does the Business offer aprofit-sharing plan? ^ Yes XX No If yes, please indicate the total amount paid out each year for the past three year and then, determine the average annual bonus or contribution per employee for that three year period. F) A list of any civil or criminal violations of state or federal law which the company has been charged with or convicted of during the last five years. Please include the violation and date, the agency which charged the violation, the outcome or resolution, and any penalties or settlement terms. See Attached Affidavit G) Percentage of in-state suppliers. Unknown at this time, still determining suppliers. H) Iowa companies you expect to sell to which currently buy from non-Iowa companies and the percentage of your sales that will fall into this category. The product line will be distributed to grocery retailers throughout the county. I) Expected impact on import substitution. (Import substitution means replacing inputs, products or services previously provided by out-of-state firms or from out-of-state locations with Iowa inputs, products or services.) Current manufacturing facility in Atlanta cannot meet consumer demand. J) Other Iowa companies that could be considered as your competitors. Hormel Foods and subsidiaries compete domestically and internationally with various companies including but not limited to ConAgra Foods, Kraft Foods, Smithfield Foods, Oscar Mayer Foods, Cargill Inc., and Tyson Foods. K) Required environmental permits. ~. Storm water permit for construction activity (State) 2. Waste water pretreatment authorization (City) 3. Air permits -various sources (State) 4. Storm water permit for industrial activity (State) 2. Briefly answer the following questions in the space provided. A) Is the company willing to give hiring preference to Iowa residents, or residents within a 30 mile radius, for the jobs created as a result of this project? Please provide a written plan describing the company's hiring procedure and priorities. Yes, for all hourly positions. Hormel Foods values a stable work force interested in developing a long term career with our company. With that in mind, we will fill these positions by seeking and preferring candidates from the immediate recruiting area, whenever possible. To facilitate this process, it's our intention to list all these open positions with Iowa Workforce Development. The management staff will be filled from a combination of promotional transfers from other Hormel locations and local hires. Having said that, Hormel Foods already extensively recruits the State of Iowa and its numerous colleges and universities for its management openings. B) If the company has, within three years of application for assistance, acquired or merged with an Iowa corporation or company, has it made and will it continue to make agood-faith effort to hire the workers of the merged or acquired company? NIA C) What percentage of the company's total operating expenditures (including wages and salaries) will be spent within the state of Iowa? 80% not including raw materials. Actual raw materials have not yet been finalized. D) Of the total dollar amount of annual sales, what is the expected percentage of out-of-state sales? 90%-95% E) Are any other state funds being requested for the road or economic development project? If so, please list the source, amount requested, and purpose of funding. No other State funds are being requested for the road. There are state incentives being requested to make this project a reality. These incentives include: Pr ram Estimated Value New Jobs Credits $500,000 Job Trainin Funds $900,000 HQJP Tax Credits $4,400,000 HQJP Sales Tax Refund $1,400,000 Affidavit State of Minnesota County of Mower I, Roland G, Gentzler, depose and say that 1 have examined the following s#afement and have found it to the best of my knowledge to be accurate and true, Hormel Foods Corporation has nat, within the last five years, violated sta#e or federal statutes, rules, and regulations, including environmental and worker safety regulations, ar, if such violations have occurred, that there were mitigating circumstances or such violations did not seriously affect public health or safety or the environment. I #urther depose that the signature below is my o/w/n proper signature. Dated: Feb_ 22, 2008 ~ / Signature Subscribed and sworn to before me on this .~.nd- day of {= e~ 2008 ~~~.~ ~ _-,~-_ (Notary Public} -i ~-u.t~rn COUnty lJ3A SitrT}! ~-Y RibYC - Mfnr~sola ,`;y,,..:. hyrLbmti~fianExpi~esJatS1.2010 ~ Attachment L EAST CENTRAL INTERGOVERNMENTAL ASSOCIATION A Regional Response to Local Needs ~ February 28, 2008 City of Dubuque David Heiar Economic Development Director City Hall 50 West 13`h Street Dubuque, Iowa 52001-4864 Dear Mr. Heiar: I am writing on behalf of DMATS, expressing their support of the RISE application to fund the connection between Chavenelle Rod and Lot 4 (the future Hormel development) in the Dubuque Industrial Center West 5th Addition. This project is consistent with the Dubuque Metropolitan Area Transportation Study 2031 Long Range Transportation Plan. Goal 2 of the 2031 LRTP is "to support economic development in the tri-state area" as it is creating 180 jobs in the area. The second objective is "to improve access to major job centers for all modes of transportation". The two lane road connecting the 48.6 acres site addresses accessibility issues and plays a role in economic development of the region. Securing funds for this project would assist in furthering the economic development goals for the DMATS region. Should you need any additional information, feel free to contact me at 563-556-4166. Sincerely, Kelley Hut n Deutmeyer Executive Director PHONE (563) 556-4166 IOWA ONLY (800) 942-4648 FAX (563) 556-0348 E-MAIL eciaQecia.org WEB SITE www.ecia.org • Dubuque Metropolitan Area Transportation Study • Eastern Iowa Regional Development Corporation • Eastem Iowa Regional Utility Services System • Eastem Iowa Housing Authority • EC1A Business Growth, Inc. Region 1 Employment and Training • ECIA Regional Planning Affiliation • Region 8 Regional Transit Authority Suite 200 3999 Pennsylvania Avenue Dubuque, IA 52002