DIC Urban Renewal Plan_Hormell_Rail SiteTHE CITY OF DUBUQUE
Masterpiece vn the Mississippi
Dubuque
All-American City
2007
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Addition of the Rail Site to the Dubuque Industrial Center Economic
Development District
DATE: March 24, 2008
Economic Development Director David Heiar recommends City Council approval of the
Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center
Economic Development District. The amendment would add the rail site as a new
Subarea D to the Urban Renewal Plan. Hormel Foods has announced they want to
construct a 327,000 sq. ft. production plant on the rail site. The area will need to be
included in the district to provide the necessary incentives and infrastructure to the
project.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van Milligen
MCVM/jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David J. Heiar, Economic Development Director
THE CITY OF DUBUQUE
Masterpiece on the Mississippi
Dubuque
All-Amerian City
2007
March 21, 2008
TO: Michael Van Milligen, City Manager
FROM: David J. Heiar, Economic Development Director
SUBJECT: Addition of the Rail Site to the Dubuque Industrial enter Economic
Development District
Introduction
The purpose of this memorandum is to forward for City Council review and approval the
Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center
Economic Development District. The proposed amendment of this district would add an
area referred to as the Rail Site into a new Subarea D of the Dubuque Industrial Center
Economic Development District. The Plan and Resolution adopting the Plan are
attached.
Background
The 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. The original area
included the Dubuque Industrial Center (known as Subarea A) and was expanded in
November 1997 to include the Dubuque Industrial Center West, the County Farm, the
Bergfeld Farm, and the North Siegert Farm (known as Subarea B). On January 7,
2008, the Urban Renewal Plan was amended to remove the North Siegert Farm and an
area known as the Rail Site. The Urban Renewal Plan was amended again on March
17, 2008 to create a new Subarea C to include the North Siegert Farm and three
residential properties along Pennsylvania Avenue.
Discussion
The proposed amendment to the Urban Renewal Plan will expand the District to include
the Rail Site as a new Subarea D. This amendment will give the area access to the
tools and incentives available to urban renewal district properties, namely tax increment
financing.
recommend expanding the District and amending the Urban Renewal Plan to include
the Rail Site because Hormel Foods has announced they want to construct a 327,000
square foot production plant on the Rail Site. The area will need to be included in the
District to provide the necessary incentives and infrastructure to the project.
Prepared By David Heiar ED Director City of Dubuque 50 W. 13'h St. Dubuque, IA 52001 (563) 589-4393
Return To: David Heiar ED Director City of Dubuque 50 W. 13 St. Dubuque, IA 52001 (563) 589-4393
RESOLUTION NO. 109-08
A RESOLUTION APPROVING THE AMENDED AND RESTATED URBAN RENEWAL
PLAN FOR THE DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT
DISTRICT.
Whereas, on March 3, 2008 the City Council of the City of Dubuque, Iowa set a
public hearing to approve an Amended and Restated Urban Renewal Plan (the "Plan") for
the Dubuque Industrial Center Economic Development District (the "District"); and
Whereas, the City of Dubuque's primary objective in amending this Plan is to add
a Subarea D, commonly known as the Rail Site; and
Whereas, the Long Range Planning Commission has reviewed the proposed
Plan and has found that said document is consistent with the Comprehensive Plan for
the development of the City of Dubuque as a whole and has transmitted its findings to
the City Council; and
Whereas, a consultation process has been undertaken with affected taxing
entities in accordance with Chapter 403 of the Code of Iowa with no written objections
or recommended changes to the Plan received; and
Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa,
has held a public hearing on the proposed amended and restated 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, attached hereto and made
reference to herein and the addition of Subarea D, be approved.
Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized
and directed to file a certified copy of the Resolution in the office of the Dubuque
County Recorder.
Passed, approved and adopted this 7th day of April, 2008.
Roy D. Buol
Mayor
Attest:
Jeanne F. Schneider
City Clerk
F:\USERSWdejong\Urban Renewal\Dubuque Industrial Center UR District12008.3 DIC Urban Renewal Plan\20080407 Adopt Resolution.doc
THE CITY OF DUBUQUE
Dubuque
All-American City
2007
Date: March 20, 2008
Time: 3:00 p.m.
Location: Conference Room I, Dubuque City Hall, 50 W. 13th St., Dubuque, IA 52001
Urban Renewal Consultation with Tax-Affecting Bodies
Attendees: Dave Heiar, City of Dubuque, Aaron DeJong, City of Dubuque.
The Urban Renewal Plan Amendment will add a Subarea D to the Dubuque
Industrial Center Economic Development District which includes the area
referred to as the "Rail Site".
No representatives from the Affected Taxing Bodies were present at the meeting so no
comments were received.
The consultation ended at 3:25 p.m.
F:\USERS1Adejong\Urban RenewallDubuque Industrial Center UR District12008.3 DIC Urban Renewal
PIan120080320 Consultation meeting.doc
AMENDED and RESTATED
URBAN RENEWAL PLAN
Dubuque Industrial Center Economic Development District
City of Dubuque, Iowa
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, Iowa 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, and
Resolution on April 7, 2008.
Prepared by the Economic Development Department.
Version 2008.3
TABLE OF CONTENTS
A. INTRODUCTION ..................................................................................................3
B. OBJECTIVES ..................................................................................................... ..3
C. DISTRICT BOUNDARIES .................................................................................. ..4
D. PUBLIC PURPOSE ACTIVITIES ....................................................................... ..5
E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS .............................. ..7
F. LAND ACQUISITION AND DISPOSITION ......................................................... ..7
G. FINANCING ACTIVITIES ................................................................................... ..8
H. STATE AND LOCAL REQUIREMENTS ............................................................ 10
I. DURATION OF APPROVED URBAN RENEWAL PLAN .................................. 10
J. SEVERABILITY .................................................................................................. 11
K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN .............................. 11
L. ATTACHMENTS ................................................................................................. 11
2
AMENDED and RESTATED
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT
URBAN RENEWAL PLAN
City of Dubuque, Iowa
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 Iowa Code, Urban Renewal Law.
This Plan is an amendment and restatement of the Dubuque Industrial Center
Economic Development District Urban Renewal Plan adopted by Resolution 130-88 of
the City Council of the City of Dubuque, Iowa on May 2, 1988 and subsequently
amended 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, and Resolution on April 7, 2008. This Plan
shall serve as a new urban renewal plan for the District described herein.
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 hereinafter referred to as Subareas). Under
the terms of this Amended and Restated Plan, the tax increment mechanism shall be
continued and implemented within the revised area of the District as well. The revised
District shall be subject to the provisions of a revised ordinance of the City of Dubuque
with respect to the division of taxes levied and collected within each of Subareas A, B,
C, and D of 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
3
District for economic development activities, primarily industrial park development,
through:
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 within the City of Dubuque, County of Dubuque, State of Iowa.
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 four separate areas so as to
distinguish the original District (Subarea A) from the subsequent expansion areas
(Subareas B, C, and D).
Subarea A of the District shall consist of the real property legally described as follows:
All of the Dubuque Industrial Center First, Second, Third, Fourth, Fifth, Sixth,
Seventh, Eighth, Ninth, Tenth and Eleventh Additions and the adjoining public
right-of-way, all in the City of Dubuque, Dubuque County, Iowa.
Subarea B of the District shall consist of the real property legally described as follows:
• Lots 1, 3, 4, 1 of 5, 6 and H of Dubuque Industrial Center West; and
• Lots 1, 2, 3, 4, 5, 6, 7, 8, and C of Dubuque Industrial Center West 2"d Addition;
and
• Lots 1, 2, 3, 4, B, and C of Dubuque Industrial Center West 4th Addition; and
• Lots 1 of 1, 1 of 2, 2 of 2, 1 of 3, 2 of 3, 1 of 5, A, C, and D of Dubuque Industrial
Center West 5th Addition; and
4
• Lots 1, 2, and A of Dubuque Industrial Center West 6th Addition; and
• Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addition; 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, 5t" Principal Meridian;
• 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, Iowa, 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, 5t" Principal
Meridian; and
• any adjoining public street right-of-way all in the City of Dubuque, Dubuque
County, Iowa.
Subarea C of the District shall consist of the real property legally described as follows:
• Lot 1-1 NW 1/4-NE 1/4; Lot 2 of E 10 acres NE 1/4-NW 1/4; Lot 2-1 NW 1/4-NE
1/4; Lot 2 NW 1/4-NE 1/4; Lot 1 E 1/4 NE 1/4-NW 1/4; W 3/4 NE 1/4-NW 1/4; Lot
2-1 SE 1/4-NW 1/4; Lot 1-1 SE 1/4-NW 1/4; and the SW 1/4-NE 1/4 all in Section
30, Township 89 North, Range 2 East, 5th Principal Meridian; and any adjoining
public street right-of-way in the City of Dubuque, Dubuque County.
Subarea D of the District shall consist of the real property legally described as follows:
Lot 4 of Dubuque Industrial Center West 5th Addition, and Lot B of Dubuque
Industrial Center West 5th Addition in the City of Dubuque, Iowa.
The boundaries of the District are delineated on the URBAN RENEWAL DISTRICT map
(Attachment A).
The City of Dubuque reserves the right to 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 Iowa Code, Urban Renewal Law.
D. PUBLIC PURPOSE ACTIVITIES
To meet the OBJECTIVES of this Plan, the City of Dubuque is prepared to initiate and
5
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;
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;
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, open space
and signage;
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 deve{opment and redevelopment purposes
including but not limited to activities such as appraisals and architectural
and engineering studies;
6. Use of tax increment financing, loans, grants and other appropriate
financial tools in support of eligible public and private development and
redevelopment efforts;
7. Enforcement of applicable local, state and federa{ laws, codes and
regulations;
8. Enforcement of established design standards in furtherance of quality
development;
9. Development and implementation of a marketing program for the purpose
of promoting the purchase and development of industrial sites by private
developers;
10. Coordination and cooperation with the improvement of Seippel Road as it
affects Subarea B's accessibility to U.S. Highway 20.
Public purpose activities are limited to those areas delineated on the PUBLIC
PURPOSE ACTIVITY AREA map (Attachment B).
All public purpose activities shall be conditioned upon and shall meet the restrictions
and limitations placed upon the District by the Plan.
6
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, and D 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 C1 and C2) identify the existing and the
proposed land uses within Subareas A, B, C, and D.
2. Planning and Design Criteria
The planning criteria to be used to guide the physical development of Subareas
A, B, C, and D are those standards and guidelines contained within the City of
Dubuque's Zoning Ordinance 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, and D will develop under a PI Planned Industrial District
ordinance as required by Section 3-5.5 of the City of Dubuque Zoning
Ordinance. 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.
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
All necessary land acquisitions have been completed in Subareas A and B of the
District. The City may acquire additional property in Subarea C in the future.
2. Land Disposition
Publicly held land will be sold for the development of viable uses consistent with
7
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 Iowa 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.
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 Iowa Code and through the use of tax increment financing
under Chapter 403 of the Iowa Code.
Chapter 15A Loan or Grant
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 Iowa 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. 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 Iowa Code on a case-by-case basis.
2. Tax Increment Financing
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
8
agreements may be issued by the City under the authority of Section 403.9 of the
Iowa 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 along-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
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;
Loans or grants to qualified businesses under Chapter 15A of the Iowa
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; and
9
g. Providing the matching share for a variety of local, state and federal grants
and loans.
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, will not
exceed $70,000,000.
At the time of adoption of this Plan, the City of Dubuque's current general
obligation debt is $ 69,946,580 (a list of obligations is found as Attachment D)
and the applicable constitutional debt limit is $163,487,198.
H. STATE AND LOCAL REQUIREMENTS
All provisions necessary to conform with state and local laws have been complied with
by the City of Dubuque in the implementation of this Plan and its supporting documents.
I. DURATION OF APPROVED URBAN RENEWAL PLAN
Subarea A
This Plan shall continue in effect 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. Subarea B
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
Subarea B shall be limited to 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 provided for in Section 403.19 (tax
increment financing) of the Iowa Code.
3. Subarea C
10
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
Subarea C shall be limited to 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 provided for in Section 403.19 (tax
increment financing) of the Iowa Code.
4. Subarea D
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
Subarea D shall be limited to 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 provided for in Section 403.19 (tax
increment financing) of the Iowa Code.
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 Urban Renewal 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 Iowa
Code. Any change effecting any property or contractual right can be effectuated only in
accordance with applicable state and local law.
L. ATTACHMENTS
A Urban Renewal District Map
B Public Purpose Activity Area Map
C Land Use Maps
11
C1 Existing Land Use
C2 Proposed Land Use
D List of General Obligations
12
Dubuque Industrial Center
Economic Development District
Version 2008.3
Legend
Yellow Subarea A
Red Subarea B
Blue Subarea C
Green Subarea D
Dubuque Industrial Center
Economic Development District
Version 2008.3
Public Purpose Activity Map
Attachment B
Dubuque Industrial Center
Economic Development Districk
Version 2008.3
Existing Land Use Map
Attachment C-1
Dubuque Industrial Center
Economic Development District
Version 2008.3
Proposed Land Use Map
Attachment C-2
City of Dubuque
Recommended Summary of Bonded Indebtedness -Fiscal Year 2008-2009
Description
General Obligation Bonds
(Essential Corporate Purnosel
1 Fifth Street Ramp
2 Third Street Ramp /Airport T-Hangers
3 America's River Project
3 America's River Project
4 Main Street
5 Water Main and Water Tower
6 Stormwater Improvements
6 Stormwater Improvements
7 DICW Expansion-Taxable
7 DICW Expansion-Non Taxable
8 Refinanced Portions of 5th/3rd St Ramps
9 Parking Ramp Improvements
6 Stormwater Improvements
8 Refinanced Portions of 5th/3rd St Ramps
13 Sewer System Improvements 8 Ext.
14 Port of Dubuque Parking Ramp
6 Stormwater Improvements
10 Stormwater Improvements
15 Main Street Streetscape
15 Kephart's Building
16 Fire Station Land from Dbq Initiative
17 Libarary Renovation
Total General Obligation Bonds
Date Net Amount Principal Principal Interest Principal Year of
of Interest of Outstanding Due Due Outstanding Final
Issue Rate Issue 7/1/08 FY 2009 FY 2009 6/30/09 Payment
06-01-00 5.8000% 360,000 125,000 125,000 7,250 - 2009
11-01-00 5.1250% 3,690,000 285,000 285,000 161,950 - 2009
12-27-01 4.6892% 9,500,000 7,815,000 490,000 357,681 7,325,000 2021
01-09-02 4.7251% 2,860,000 2,205,000 125,000 102,233 2,080,000 2021
03-26-02 4.7348% 1,000,000 780,000 45,000 36,136 735,000 2021
12-01-02 3.8187% 3,105,000 1,600,000 155,000 62,618 1,445,000 2017
09-15-03 4.2750% 2,110,000 1,680,000 85,000 69,348 1,595,000 2023
04-18-05 4.2421% 1,750,000 1,555,000 75,000 62,810 1,480,000 2024
04-18-05 4.9392% 2,995,000 2,355,000 240,000 113,430 2,115,000 2016
04-18-05 4.1240% 4,270,000 3,955,000 120,000 158,138 3,835,000 2021
05-02-06 3.9857% 3,525,000 3,525,000 - 139,098 3,525,000 2020
05-02-06 4.0257% 910,000 825,000 50,000 32,568 775,000 2021
05-02-06 4.0665% 2,900,000 2,705,000 110,000 108,338 2,595,000 2025
12-01-07 3.6731% 2,965,000 2,965,000 - 111,188 2,965,000 2017
12-01-07 3.6596% 1,055,000 1,055,000 100,000 42,100 955,000 2017
10-16-07 7.50% 23,025,000 23,025,000 - 1,079,297 23,025,000 2037
Planned` 4.5000% 3,902,395 3,902,395 18,686 14,358 3,883,709 2028
Planned" 3.2500% 5,983,594 5,983,594 182,762 217,124 5,800,832 2028
Planned* 4.5000% 301,995 301,995 15,498 12,630 286,497 2024
Planned` 4.5000% 253,596 253,596 13,014 10,606 240,582 2024
Planned* 5.0000% 650,000 650,000 52,815 32,185 597,185 2019
Planned' 4.5000% 2,400,000 2,400,000 123,164 97,804 2,276,836 2024
79,511,580 69,946,580 2,410,939 3,028,890 67,535,641
Planning Services Department
50 West 13th Street
Dubuque, Iowa 52001-4864
(563) 589-4210 office
(563)589-4221 fax
planning@cityofdubuque.org
THE CITY OF DUBUQUE
Showing the Spirit
TO: Jeanne
City Clerk
Date: 05/24/08
From: Laura
As per your request
For information only
For review and comment
Please return
Special Instructions: City Council item- LRPAC
re: DIC ED District amendment
THE CITY OF DUBUQUE
Masterpiece on the Mississippi
Planning Services Department
City Hall
50 West 13th Street
Dubuque, IA 52001-4864
(563) 589-4210 phone
(563) 589-4221 fax
(563) 589-6678 TDD
planning@cityof dubuque. org
March 21, 2008
The Honorable Mayor and City Council
City of Dubuque
50 W.13th Street
Dubuque, IA 52001
RE: Amended and Restated Urban Renewal Plan for~the Dubuque Industrial Center
Economic Development District
Dear Mayor and City Council Members:
Discussion
On March 19, 2008 the Long Range Planning Advisory Commission reviewed the
proposed Amended and Restated Urban Renewal Plan for the Dubuque Industrial
Center Economic Development District to add the Rail Site. The Amended and
Restated Urban Renewal Plan for the Dubuque Industrial Center Economic
Development District, along with supporting documents are enclosed.
One of the roles of the Long Range Planning Advisory Commission is to review
proposed urban renewal plans and urban renewal plan amendments for consistency
with the comprehensive plan for the city.
The Commission found the proposed amendment to the Dubuque Industrial Center
Economic Development District is consistent with the following goals and objectives of
the Dubuque Comprehensive Plan:
Economic Development
Goal 1 - To reduce unemployment, achieve economic stability, and increase
the standard of living for all citizens.
• Objective 1.2 -Promote diversification of the commercial/industrial base.
• Objective 1.3 -Encourage access to economic incentives for quality job
creation and/or tax base enhancement.
Goal 9 - To strengthen the local tax base.
• Objective 9.1 -Encourage expansion and diversification of the tax base.
Amended and Restated Dubuque Industrial Center Economic Development District
F:\Users\djohnson\Council Items\Urban Renewal & Revitalization Districts\DICEDD-Rail
Site Add
Page 2
• Objective 9.2 -Encourage attracting and retaining capital intensive
industries for increased property values.
Goal 12 -- To promote the provision of an adequate supply of vacant,
development-ready land for commercial and industrial use.
• Objective 12.1 -Promote redevelopment of existing vacant, underutilized,
and brownfield properties.
• Objective 12.2 -Evaluate potential commercial and industrial development
sites, based on the City's Future Land Use Map.
2. Land Use and Urban Design
Goal 3 - To provide sufficient opportunities for industrial development sites
within the community.
• Objective 3.1 -Promote the retention and expansion of existing, and
attraction of new, industrial development opportunities in suitable
locations, including airport environs.
3. City Fiscal
Goal 4 - To minimize the impact of economic swings on the City's operating
budget.
• Objective 4.1 -Promote economic development efforts to expand and
diversify the property tax base and to improve and/or implement "growth"
revenues for the City.
Recommendation
By a vote of 5 - 0, the Long Range Planning Advisory Commission recommends
approval of the Amended and Restated Urban Renewal Plan for the Dubuque Industrial
Center Economic Development District.
Respectfully submitted,
~~
~i~ ,
Dr. Charles Winterwood, Chairperson
Long Range Planning Advisory Commission
Enclosures
cc: Michael Van Milligen, City Manager
David Heiar, Economic Development Director
THE CITY OF Dubuque
DUB E
Masterpiece on the Mississippi
2007
TO: Long Range Planning Advisory Commission
FROM: Laura Carstens, Planning Services Manager *'"~~
SUBJECT: Addition of the Rail Site property to the Dubuque Industrial Center Economic
Development District
DATE: March 10, 2008
Introduction
The purpose of this memorandum is to forward the Amended and Restated Urban Renewal
Plan for the Dubuque Industrial Center Economic Development District for review and
comment by the Long Range Planning Advisory Commission. The proposed amendment of
the district would add the area known as the "Rail Site" into a new Subarea D of the
Dubuque Industrial Center Economic Development District. The Plan is attached.
Discussion
One of the roles of the Long Range Planning Advisory Commission is to review proposed
urban renewal plans and urban renewal plan amendments for consistency with the
comprehensive plan for the city.
The 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 Districts. The original area included
the Dubuque Industrial Center (known as Subarea A) and was expanded in 1997 to include
the Dubuque Industrial Center West, the County Farm, the Bergfeld Farm, and the North
Siegert Farm (known as Subarea B). On January 7, 2008 the Urban Renewal Plan was
amended to remove the North Siegert Farm and the Rail Site. At that time, the properties
were removed with the intent of re-listing them to gain the maximum limitation on tax
increment financing (TIF) and improve the ability to recruit and expand businesses.
Hormel Foods has decided to locate a new 327,000 square foot production facility on the
Rail Site and TIF will be needed for improvements and incentives for the project. The
proposed amendment to the Urban Renewal Plan will expand the District to include the Rail
Site as new Subarea D. The amendment will give the area access to the tools and
incentives available to urban renewal district properties, namely TIF.
The proposed amendment to the Urban Renewal Plan to include the Rail Site is consistent
with the following 2008 Dubuque Comprehensive Plan goals and objectives:
Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic
Development District-Add Rail Site
March 10, 2008
Page 2
Economic Development
Goal 1 - To reduce unemployment, achieve economic stability, and increase the
standard of living for all citizens.
• Objective 1.2 -Promote diversification of the commercial/industrial base.
• Objective 1.3 -Encourage access to economic incentives for quality job
creation and/or tax base enhancement.
Goal 9 - To strengthen the local tax base.
• Objective 9.1 -Encourage expansion and diversification of the tax base.
• Objective 9.2 -Encourage attracting and retaining capital intensive industries
for increased property values.
Goal 12 -- To promote the provision of an adequate supply of vacant,
development-ready land for commercial and industrial use.
• Objective 12.1 -Promote redevelopment of existing vacant, underutilized, and
brownfield properties.
• Objective 12:2 -Evaluate potential commercial and industrial development
sites, based on the City's Future Land Use Map.
2. Land Use and Urban Design
Goal 3 - To provide sufficient opportunities for industrial development sites within
the community.
• Objective 3.1 -Promote the retention and expansion of existing, and
attraction of new, industrial development opportunities in suitable locations,
including airport environs.
3. City Fiscal
Goal 4 - To minimize the impact of economic swings on the City's operating
budget.
• Objective 4.1 -Promote economic development efforts to expand and
diversify the property tax base and to improve and/or implement "growth"
revenues for the City.
Recommendation
Staff recommends the Long Range Planning Advisory Commission recommend approval of
the Amended & Restated Urban Renewal Plan for the Dubuque Industrial Center Economic
Development District to add the Rail Site, as the proposed amendment is consistent with
the 2008 Dubuque Comprehensive Plan.
Enclosures
'TT-~~ CT'TY C7F' ~, .-..
~~8 E
Nrasterpiecc fan t1~~ Mis~~ssi~~~i
Dubuque
~~~
AN~Amedca City
2007
TO: Long Range Planning Advisory Commission (LRPAC)
March 7, 2008
FROM: David J. Heiar, Economic Development Director
SUBJECT: Addition of the Rail Site property to the Dubuque Industrial Center
Economic Development District
Introduction
The purpose of this memorandum is to forward for LRPAC review and approval the
Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center
Economic Development District. The proposed amendment of this district would add the
area known as the "Rail Site" into a new Subarea D of the Dubuque Industrial Center
Economic Development District. The Plan and Resolution adopting the Plan are
attached.
Background
The 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. The original area
included the Dubuque Industrial Center (known as Subarea A) and was expanded in
November 1997 to include the Dubuque Industrial Center West, the County Farm, the
Bergfeld Farm, and the North Siegert Farm (known as Subarea B). On January 7,
2008, the Urban Renewal Plan was amended to remove the North Siegert Farm and an
area known as the Rail Site. On March 17, 2008, the City Council will act on including
the North Siegert Farm back into the Urban Renewal Plan to accommodate for the new
expansion of the industrial park.
Discussion
Hormel Foods has decided to locate a new 327,000 square foot production facility on
the site and TIF will be needed for improvements and incentives for the project.
The proposed amendment to the Urban Renewal Plan will expand the District to include
the Rail Site as a new Subarea D. This amendment will give the area access to the
tools and incentives available to urban renewal district properties, namely tax increment
financing.
recommend expanding the District and amending the Urban Renewal Plan to include
the Rail Site because demand for industrial land is expected to continue at its current
pace and additional land will be needed.
Recommendation
I recommend approval of the attached Resolution for approval of the Amended and
Restated Urban Renewal Plan for the Dubuque Industrial Center Economic
Development District.
Action Step
The Action Step for the LRPAC is to recommend approval of the attached Resolution.
attachments
F:\USERS\Adejong\Urban RenewallDubuque Industrial Center UR District\2008.3 DIC Urban Renewal Plan\20080307 Memo
LRPAC.doc
AMENDED and RESTATED
URBAN RENEWAL PLAN
Dubuque Industrial Center Economic Development District
City of Dubuque, Iowa
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, Iowa 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 on March 17, 2008, and
Resolution on April 7, 2008.
Prepared by the Economic Development Department.
Version 2008.3
TABLE OF CONTENTS
A. INTRODUCTION .......................................................
34
..................................... ....
B. OBJECTIVES .....................................................................................................34
C. DISTRICT BOUNDARIES ..................................................................................4a
D. PUBLIC PURPOSE ACTIVITIES .......................................................................5fi
E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS ..............................78
F. LAND ACQUISITION AND DISPOSITION ..................................................... ....7~
G. FINANCING ACTIVITIES ............................................................................... ....$~
H. STATE AND LOCAL REQUIREMENTS ........................................................ 10~-1-
I. DURATION OF APPROVED URBAN RENEWAL PLAN .............................. 10a-1-
J. SEVERABILITY ...................................................... 11~
........................................
K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN .......................... 111-~
L. ATTACHMENTS ............................................................................................. 11~
2
AMENDED and RESTATED
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT
URBAN RENEWAL PLAN
City of Dubuque, Iowa
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 Iowa Code, Urban Renewal Law.
This Plan is an amendment and restatement of the Dubuque Industrial Center
Economic Development District Urban Renewal Plan adopted by Resolution 130-88 of
the City Council of the City of Dubuque, Iowa on May 2, 1988 and subsequently
amended 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 on March 17, 2008, and Resolution on April 7, 2008. This Plan
shall serve as a new urban renewal plan for the District described herein.
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 hereinafter referred to as Subareas). Under
the terms of this Amended and Restated Plan, the tax increment mechanism shall be
continued and implemented within the revised area of the District as well. The revised
District shall be subject to the provisions of a revised ordinance of the City of Dubuque
with respect to the division of taxes levied and collected within each of Subareas A, B,
C, and D of 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
3
District for economic development activities, primarily industrial park development,
through:
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 within the City of Dubuque, County of Dubuque, State of Iowa.
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 four separate areas so as to
distinguish the original District (Subarea A) from the subsequent expansion areas
(Subareas B, C, and D).
Subarea A of the District shall consist of the real property legally described as follows:
All of the Dubuque Industrial Center First, Second, Third, Fourth, Fifth, Sixth,
Seventh, Eighth, Ninth, Tenth and Eleventh Additions and the adjoining public
right-of-way, all in the City of Dubuque, Dubuque County, Iowa.
Subarea B of the District shall consist of the real property legally described as follows:
• Lots 1, 3, 4, 1 of 5, 6 and H of Dubuque Industrial Center West; and
• Lots 1, 2, 3, 4, 5, 6, 7, 8, and C of Dubuque Industrial Center West 2"d Addition;
and
• Lots 1, 2, 3, 4, B, and C of Dubuque Industrial Center West 4th Addition; and
• Lots 1 of 1, 1 of 2, 2 of 2, 1 of 3, 2 of 3, 1 of 5, A, C, and D of Dubuque Industrial
Center West 5th Addition; and
4
• Lots 1, 2, and A of Dubuque Industrial Center West 6th Addition; and
• Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addition; 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, 5t" Principal Meridian;
• 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, Iowa, 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, 5t" Principal
Meridian; and
• any adjoining public street right-of-way all in the City of Dubuque, Dubuque
County, Iowa.
Subarea C of the District shall consist of the real property legally described as follows:
• Lot 1-1 NW 1/4-NE 1/4; Lot 2 of E 10 acres NE 1/4-NW 1/4; Lot 2-1 NW 1/4-NE
1/4; Lot 2 NW 1/4-NE 1/4; Lot 1 E 1/4 NE 1/4-NW 1/4; W 3/4 NE 1/4-NW 1/4; Lot
2-1 SE 1/4-NW 1/4; Lot 1-1 SE 1/4-NW 1/4; and the SW 1/4-NE 1/4 all in Section
30, Township 89 North, Range 2 East, 5th Principal Meridian; and any adjoining
public street right-of-way in the City of Dubuque, Dubuque County.
Subarea D of the District shall consist of the real property legally described as follows:
• Lot 4 of Dubuque Industrial Center West 5th Addition, and Lot B of Dubuque
Industrial Center West 5th Addition in the City of Dubuque, Iowa.
The boundaries of the District are delineated on the URBAN RENEWAL DISTRICT map
(Attachment A).
The City of Dubuque reserves the right to 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 Iowa Code, Urban Renewal Law.
D. PUBLIC PURPOSE ACTIVITIES
To meet the OBJECTIVES of this Plan, the City of Dubuque is prepared to initiate and
5
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;
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;
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, open space
and signage;
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;
6. Use of tax increment financing, loans, grants and other appropriate
financial tools in support of eligible public and private development and
redevelopment efforts;
7. Enforcement of applicable local, state and federal laws, .codes and
regulations;
8. Enforcement of established design standards in furtherance of quality
development;
9. Development and implementation of a marketing program for the purpose
of promoting the purchase and development of industrial sites by private
developers;
10. Coordination and cooperation with the improvement of Seippel Road as it
affects Subarea B's accessibility to U.S. Highway 20.
Public purpose activities are limited to those areas delineated on the PUBLIC
PURPOSE ACTIVITY AREA map (Attachment B).
All public purpose activities shall be conditioned upon and shall meet the restrictions
and limitations placed upon the District by the Plan.
6
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, and D 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 C1 and C2) identify the existing and the
proposed land uses within Subareas A, B, C, and D.
2. Planning and Design Criteria
The planning criteria to be used to guide the physical development of Subareas
A, B, C, and D are those standards and guidelines contained within the City of
Dubuque's Zoning Ordinance 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, and D will develop under a PI Planned Industrial District
ordinance as required by Section 3-5.5 of the City of Dubuque Zoning
Ordinance. 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.
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
All necessary land acquisitions have been completed in Subareas A and B of the
District. The City may acquire additional property in Subarea C in the future.
2. Land Disposition
7
Publicly held land 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 Iowa 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.
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 Iowa Code and through the use of tax increment financing
under Chapter 403 of the Iowa Code.
Chapter 15A Loan or Grant
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 Iowa 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. 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 Iowa Code on a case-by-case basis.
2. Tax Increment Financing
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
8
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
Iowa 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 along-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
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;
Loans or grants to qualified businesses under Chapter 15A of the Iowa
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; and
9
g. Providing the matching share for a variety of local, state and federal grants
and loans.
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, will not
exceed $70,000,000.
At the time of adoption of this Plan, the City of Dubuque's current general
obligation debt is $ 69,946,580 (a list of obligations is found as Attachment D)
and the applicable constitutional debt limit is $163,487,198.
H. STATE AND LOCAL REQUIREMENTS
All provisions necessary to conform with state and local laws have been complied with
by the City of Dubuque in the implementation of this Plan and its supporting documents.
I. DURATION OF APPROVED URBAN RENEWAL PLAN
Subarea A
This Plan shall continue in effect 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. Subarea B
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
Subarea B shall be limited to 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 provided for in Section 403.19 (tax
increment financing) of the Iowa Code.
10
3. Subarea C
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
Subarea C shall be limited to 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 provided for in Section 403.19 (tax
increment financing) of the Iowa Code.
4. Subarea D
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
Subarea D shall be limited to 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 provided for in Section 403.19 (tax
increment financing) of the Iowa Code.
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 Urban Renewal 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 Iowa
Code. Any change effecting any property or contractual right can be effectuated only in
accordance with applicable state and local law.
L. ATTACHMENTS
A Urban Renewal District Map
B Public Purpose Activity Area Map
11
C Land Use Maps
C1 Existing Land Use
C2 Proposed Land Use
D List of General Obligations
12
Dubuque Industrial Center
Economic Development District
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City of Dubuque
Recommended Summary of Bonded Indebtedness -Fiscal Year 2008-2 009
Date Net Amount Principal Principal Interest Principal Year of
Description of Interest of Outstanding Due Due Outstanding Final
Issue Rate Issue 711108 FY 2009 FY 2009 6/30/09 Payment
General Obligation Bonds
(Essential Corporate Puroosel
1 Fifth Street Ramp 06-01-00 5.8000% 360,000 125,000 125,000 7,250 - 2009
2 Third Street Ramp /Airport T-Hangers 11-01-00 5.1250% 3,690,000 285,000 285,000 161,950 - 2009
3 America's River Project 12-27-01 4.6892% 9,500,000 7,815,000 490,000 357,681 7,325,000 2021
3 America's River Project 01-09-02 4.7251 % 2,860,000 2,205,000 125,000 102,233 2,080,000 2021
4 Main Street 03-26-02 4.7348% 1,000,000 780,000 45,000 36,136 735,000 2021
5 Water Main and Water Tower 12-01-02 3.8187% 3,105,000 1,600,000 155,000 62,618 1,445,000 2017
6 Stormwaterlmprovements 09-15-03 4.2750% 2,110,000 1,680,000 85,000 69,348 1,595,000 2023
6 Stormwaterlmprovements 04-18-05 4.2421% 1,750,000 1,555,000 75,000 62,810 1,480,000 2024
7 DICW Expansion-Taxable 04-18-05 4.9392% 2,995,000 2,355,000 240,000 113,430 2,115,000 2016
7 DICW Expansion-Non Taxable 04-18-05 4.1240% 4,270,000 3,955,000 120,000 158,138 3,835,000 2021
8 Refinanced Portions of 5thl3rd St Ramps 05-02-06 3.9857% 3,525,000 3,525,000 - 139,098 3,525,000 2020
9 Parking Ramp Improvements 05-02-06 4.0257°1° 910,000 825,000 50,000 32,568 775,000 2021
6 Stormwater Improvements 05-02-06 4.0665% 2,900,000 2,705,000 110,000 108,338 2,595,000 2025
8 Refinanced Portions of 5th/3rd St Ramps 12-01-07 3.6731 % 2,965,000 2,965,000 - 111,188 2,965,000 2017
13 Sewer System Improvements & Ext. 12-01-07 3.6596% 1,055,000 1,055,000 100,000 42,100 955,000 2017
14 Port of Dubuque Parking Ramp 10-16-07 7.50% 23,025,000 23,025,000 - 1,079,297 23,025,000 2037
6 Stormwater Improvements Planned* 4.5000% 3,902,395 3,902,395 18,686 14,358 3,883,709 2028
10 Stormwater Improvements Planned* 3.2500% 5,983,594 5,983,594 182,762 217,124 5,800,832 2028
15 Main Street Streetscape Planned* 4.5000% 301,995 301,995 15,498 12,630 286,497 2024
15 Kephart's Building Planned* 4.5000% 253,596 253,596 13,014 10,606 240,582 2024
16 Fire Station Land from Dbq Initiative Planned* 5.0000% 650,000 650,000 52,815 32,185 597,185 2019
17 Libarary Renovation Planned* 4.5000% 2,400,000 2,400,000 123,164 97,804 2,276,836 2024
Total General Obligation Bonds 79,511,580 69,946,580 2,410,939 3,028,890 67,535,641