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Economic Development Department Fiscal Year 2018 Budget Presentation Copyright 2014 City of Dubuque Public Hearings # 5. ITEM TITLE: Economic Development Fiscal Year 2018 Budget Presentation SUMMARY: SUGGESTED DISPOSITION: ATTACHMENTS: Description Type Recommended FY18 Economic Development CIP Supporting Documentation Recommended FY18 Economic Development Operating Supporting Documentation Budget Dubuque Main Street Partner Results and Objectives Supporting Documentation DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Workforce Development DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 360-1842 COST I I$ 2,170,000 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ 279,000 $ 341,000 Pay to Other Agency $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ 279,000 $ 341,000 TOTAL $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ B. PROJECT FINANCING $ 279,000 $ 341,000 DICW Land SalesITIF $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ 279,000 $ 341,000 TOTAL $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ — PROJECT DESCRIPTION The Greater Dubuque Development Corporation has embarked on the NEXT campaign, which will conclude in 2017. The programs objectives are to grow the population, employment opportunity, wages, and tax base in the Dubuque. The Economic Development initiative directs efforts related to business retention and expansion, new business recruitment, and workforce development. The City has committed $185,000 for five years to this program. In addition, the City agreed to provide to the Greater Dubuque Development Corporation $125,000 per year for each of three years, to hire a staff person who shall be dedicated exclusively to assisting local employers with workforce development, recruitment and such other activities as may be required by local employers. In FY 2013, this payment was extended through FY 2019. It is assumed the City will continue to fund the Greater Dubuque Development Corporation's staff supporting workforce development. Supporting the Greater Dubuque Development Corporation is a City Council High Priority. JUSTIFICATION This project is important to the community to address the challenges in the business community, workforce shortages, and retail operations in Dubuque. RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Economic Development Goal One:To reduce unemployment, achieve economic stability, and increase the standard of living for all citizens, objective 1.6) Attempt to identify additional resources to aid in economic development, Goal Two: To build a highly skilled, flexible work force, objective 2.6) Promote providing information on work skills development and available employment opportunities through print, electronic, and telecommunications media, Goal Three: To concentrate on retaining and expanding existing local businesses, objective 3.1) Cooperate with business, educational institutions, community organizations, and government to provide information to local businesses and Goal Five: To recruit businesses that are suited to the area, require a highly skilled work force or are willing to train an entry-level work force and are experiencing growth, objective 5.2) Promote opportunities in the Dubuque area to targeted businesses and industries. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy and Community Knowledge. 325 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Historic Preservation Revolving Loan Fund DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 265-1247 COST $ 108,6261 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ — $ 71,546 Loans $ 9,270 $ 9,270 $ 9,270 $ 9,270 $ — $ 71,546 TOTAL $ 9,270 $ 9,270 $ 9,270 $ 9,270 $ — $ B. PROJECT FINANCING $ — $ 71,546 UDAG Loan Repayments $ 9,270 $ 9,270 $ 9,270 $ 9,270 $ — $ 71,546 TOTAL $ 9,270 $ 9,270 $ 9,270 $ 9,270 $ — $ PROJECT DESCRIPTION This project creates a revolving loan fund available on a competitive basis to property owners in the Jackson Park, Cathedral, W. 11th Street, Old Main, and Langworthy Historic Preservation and Conservation Districts. Low interest loans are made to support exterior rehabilitation projects that result in saving, restoring, or reconstructing original building elements, using original materials, that reflect the architectural character or significance of the building. JUSTIFICATION This program provides a valuable financial resource to property owners in the City's Historic Districts and acts as an incentive to maintain and improve the community's architectural heritage. The program creates a"carrot"to counter the"stick"of regulations in historic districts and is available to all property owners, not just low and moderate income owners. RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Design Goal One: To protect and enhance the viability, livability and affordability of the city's residential neighborhoods while integrating multifamily development throughout the community, objective 1.4) Encourage preservation of historic and aesthetic character and function of established neighborhoods, Goal Two: Ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market, objectives 2.1) Support protection of downtown commercial core and encourage continued reinvestment and redevelopment and 2.4) Support preservation of historic and aesthetic character and function of established commercial districts, Goal Five: Encourage that the physical character and form of the city reflects its historic setting and that the built environment is compatible with the city's natural environment, objective 5.2) Promote protection and preservation of the city's historic buildings, urban pattern, and natural environment and Goal Seven: To encourage redevelopment opportunities within the city in an effort to revitalize unused or underused property while promoting the preservation of viable and affordable housing stock, objective 7.1) Encourage redevelopment or adaptive reuse of vacant or underutilized buildings and sites. Complements the existing Historic Preservation Homeowners Grant Program which is available to low and moderate income homeowners. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy and Green Buildings. 326 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Central Avenue Streetscape Master Plan DEPARTMENT: 60 TOTAL Development Implementation PROJECT FD/CIP NO: 360-2561 COST $ 100,000 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ — $ — Construction $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ — $ — TOTAL $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ B. PROJECT FINANCING $ — $ — Greater Downtown TIF $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ — $ — TOTAL $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ — PROJECT DESCRIPTION This project provides for the implementation of priority actions in the Central Avenue Streetscape Master Plan. This project was previously budgeted in FY15, however there is not enough capacity in the Greater Downtown TIF Urban Renewal Area to provide funding until FY 2020. The funds allocated would be used to support infrastructure and streetscaping priority improvements justified in the master plan. The Central Avenue corridor is part of the Washington Neighborhood Revitalization Plan and includes the area between Central Avenue between 11th and 22nd streets. Included in this strategy is the redevelopment and reinvestment in residential and commercial areas in the neighborhood. Some public infrastructure improvements have already been initiated and the Central Avenue corridor is beginning to see private investment in building improvements and business location. The implementation of public infrastructure improvements is needed to support and leverage that private investment. It is anticipated that this project may have an impact on operating costs associated with infrastructure improvements. However it is premature to include operating expenses for specific projects at this time. This plan would coordinate future investments and align with existing strategies laid out in the Washington Neighborhood Revitalization plan and the City Council Goals and Priorities. JUSTIFICATION Aesthetic and streetscaping enhancements are needed to eliminate conditions of blight and encourage revitalization and investment. Support for this project is consistent with the City Council Goals and Priorities, Neighborhood Reinvestment Strategy and the Washington Neighborhood Reinvestment Plan. RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Development Goal One:To protect and enhance the viability, livability and affordability of the city's residential neighborhoods while integrating multifamily development throughout the community, objectives 1.4) Encourage preservation of historic and aesthetic character and function of established neighborhoods and 1.7) Encourage neighborhood identity, planning, and pride of place; Goal Two: Ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market, objectives 2.1) Support protection of downtown commercial core and encourage continued reinvestment and redevelopment, 2.2) Encourage expansion of commercial opportunities in existing commercial corridors or nodes where infrastructure can support growth, 2.4) Support preservation of historic and aesthetic character and function of established commercial districts; Goal Four: To balance open space and environmental preservation with the community's development needs, objective 4.2) Encourage expansion of urban green spaces in suitable locations to encourage livability and enhance aesthetics; Goal Eight:To provide physical accessibility throughout the city, objective 8.2) Encourage new development concepts that by design enable people to walk to work, school, day care and shopping. 327 RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy and Community Design. 328 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Central Avenue Corridor Initiative DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 360-2679 COST 1$ 240,000 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ 40,000 Other $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ - $ 40,000 TOTAL $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ B. PROJECT FINANCING $ 40,000 Greater Downtown TIF $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ - $ 40,000 TOTAL $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ - PROJECT DESCRIPTION This program will provide targeted community engagement opportunities with residents, businesses, non-profits and city staff in the Central Ave Corridor and Washington Neighborhood to set the stage for community design processes. This phase will utilize the work and findings from past engagement and planning projects and further develop future plans with the phases detailed below. The purpose of this phase is to generate trust and begin to engage local residents and organizations (e.g., neighborhood non-profits, the Washington Neighborhood Development Corporation), b) help better understand local dynamics and opportunities, and c) help provide better programming and services for the community. JUSTIFICATION The Economic Development Department will engage Iowa Micro-loan, a 501(c )(3) nonprofit that provides loans of$5,000 to$50,000 to small business entrepreneurs in Iowa if they have a workable business plan but have difficulty in accessing loans from conventional lenders. Loans are for business activities and may have up to a six year term with an interest rate currently at 8.125%APR. Since 2009, Iowa Micro-loan has approved more than 85 loans to small businesses in 29 counties and has achieved a 96 percent loan repayment rate. The Economic Development Department and its partners will assist in planning a Local Micro-finance Program in Dubuque through Iowa Micro-loan. Iowa Micro- loan can provide $100,000 to$200,000 in loan capacity for a sponsored local program if local sponsors provide a $15,000 contribution toward a Loan Loss Reserve and matching funds for accessing federal agency micro-loan funds. Services from Iowa Micro-loan coaches include development of technical assistance planning for approved clients, and quarterly coaching visits for clients. Iowa Micro-loan will provide an interest rate buy-down component or loans for amounts as little as$1000 if the loans are targeted to a specific census tracts, client income levels, or specific neighborhood to satisfy target population requirements. Although there would be no charges to Dubuque for Iowa Micro-loan coaching, Iowa Micro-loan will provide an additional $15,000 in cash support for a local part- time coach to provide technical assistance and create program awareness if it is matched by$15,000 from local sponsors. 329 RELATIONSHIP TO OTHER PROJECTS This project implements the Sustainability Principle of Economic prosperity goal THREE To concentrate on retaining and expanding existing local businesses. 3.1 Cooperate with business, educational institutions, community organizations, and government to provide information to local businesses. 3.8 Encourage downtown revitalization and neighborhood business development. Organization of a Central Ave Corridor Business Association This program would assist in the development of a nonprofit business association for the Central Ave Corridor by assisting with the development of: Articles of Incorporation Bylaws Operations Policy Manual Conflict of Interest Policy& Form Minutes Book Collection of Legal Letters In addition, CED would provide board training and educational programming on topics such as the legal responsibilities of a nonprofit board, insurance needs of a nonprofit, strategic planning for a nonprofit. The objective is to have the Association in compliance with Iowa Nonprofit Law and setup to use recommended practices, and to have set objectives when the Association is incorporated. Deliverables (Organization of a Central Ave Corridor Business Association): Nonprofit Board Training Strategic Planning for a Nonprofit Technical assistance RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principles of Regional Economy and Community Design. Sustainable Dubuque is a community that values the built environment of the past, present and future which contributes to its identity, heritage and sense of people. Sustainable Dubuque is a community that values a diversified regional economy with opportunities for new and green markets, jobs, products and services. The City will work with its partners to organize activities that will help promote awareness and provide technical assistance for MBE/WBE businesses, which typically have and meet different needs and operate differently than more traditional businesses. This includes the organization of a MBE/WBE entrepreneurship summit and other activities to support these economic opportunities. Steps in this process will include: Determining the geographic reach of local minority entrepreneurship efforts Organizing stakeholders and potential partners (e.g., Iowa Black Business Coalition) in the tri-state area around these efforts Linking stakeholders to additional educational resources for entrepreneurship (e.g., SCORE, StartUp Dubuque) Convening regional stakeholders (once identified) to facilitate agreement about outcomes Engaging African-American and Latino residents in the planning process so that the process is both "grass-tops" and the "grass-roots"via focus groups and/or conversations with direct service providers Investigating forms of entrepreneurship and organizational models from other communities to determine what can be applied to the Dubuque context 330 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Downtown Rehabilitation Loan Program DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 241-1033 COST 1$ 900,OOOI 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ 600,000 $ 600,000 Loans $ 300,000 $ 300,000 $ 300,000 $ 1,500,000 $ 600,000 $ 600,000 TOTAL $ — $ 300,000 $ 300,000 $ 300,000 $ — $ 1,500,000 B. PROJECT FINANCING $ 600,000 $ 600,000 Loan Repayments $ 300,000 $ 300,000 $ 300,000 $ 1,500,000 $ 600,000 $ 600,000 TOTAL $ — $ 300,000 $ 300,000 $ 300,000 $ — $ 1,500,000 PROJECT DESCRIPTION This program provides low-interest loans for rehabilitation and adaptive reuse of buildings in the Greater Downtown Urban Renewal District. Tax increment proceeds and loan repayments are utilized to capitalize the pool of funds for these loans. The program has been popular, with 19 loans made since 1996, and an additional nine loans that have yet to be disbursed, but have received commitments. Those nine loans, and there anticipated funding date, are listed as follows: Betty Jane Block, 900 Main, $300,000 (FY17) Freund Law Firm, 1005 Main, $300,000 - (FY18) Walker Shoe Store, 756 Main, $300,000 - (FY20) Riverworks, 44 Main, $300,000 (FY24) CARADCO, 900 Jackson, $300,000 - (FY26) Franklin School, 39 Bluff Street, $300,000 (FY26) Allison Rowhouses, 1132-1136 Locust$300,000 - (FY26) Due to outstanding commitments made until 2026, the City Council has suspended applications for new loans until such time as the waiting list can be reduced or eliminated. JUSTIFICATION This program is intended to further the goals and objectives of the Greater Downtown Urban Renewal Plan by creating the financial incentives needed to eliminate conditions of blight, encourage revitalization, and create/retain jobs and new housing units. 331 RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Design Goal Two: Ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market, objectives 2.1) Support protection of downtown commercial core and encourage continued reinvestment and redevelopment and 2.4) Support preservation of historic and aesthetic character and function of established commercial districts and Goal Seven: To encourage redevelopment opportunities within the city in an effort to revitalize unused or underused property while promoting the preservation of viable and affordable housing stock, objectives 7.1) Encourage redevelopment or adaptive reuse of vacant or underutilized buildings and sites, 7.3) Promote redevelopment that maximizes existing infrastructure and 7.4) Strive to eliminate slum and blight; maximizes existing infrastructure and 7.4) Strive to eliminate slum and blight; Housing Goal One: To promote the preservation, rehabilitation, and investment in our city housing stock and neighborhoods, objectives 1.3) Consider expanding the City's use of housing preservation programs whenever appropriate and possible and 1.5) Encourage participation in and use of low- interest rehabilitation and home purchase loan funds; and Economic Development Goal Three: To concentrate on retaining and expanding existing local businesses, objective 3.8) Encourage downtown revitalization and neighborhood business development, and Goal Eight: To promote and encourage preservation of our historic assets, objective 8.3) Promote education of the public on the economic benefits of historic preservation. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy, Community Design and Green Buildings. 332 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Dubuque Industrial Center McFadden DEPARTMENT: 60 TOTAL Development SIGNS PROJECT FD/CIP NO: 360-2725 COST $ 100,000 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS Equipment $ 50,000 $ 50,000 $ — $ — TOTAL $ 50,000 $ 50,000 $ — $ — $ — $ B. PROJECT FINANCING DICW TIF $ 50,000 $ 50,000 $ — $ — TOTAL $ 50,000 $ 50,000 $ — $ — $ — $ C. IMPACT-OPERATIONS Operating Cost (Savings) $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 Operating Revenue PROJECT DESCRIPTION To install and maintain appropriate signs for the Dubuque Industrial Center consistent with the current approved signage within and around the City to effectively identify the area and expansion opportunities. JUSTIFICATION Support for this project is consistent with the City Council Goals and Priorities and present a progressive image for the Industrial Center and improve location marketing and identification-Environmental/Ecological integrity-TRANSPORTATION GOALS: 1.2 Encourage implementation of sound safety engineering principles and practices in the area of street lighting, street layout, speed limits, street signage, street pavement striping, and traffic signals.; 2.6 Promote signage to identify historic neighborhoods and gateways, and actual physical entrances to other neighborhoods to provide identity of neighborhoods and districts. RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Development Goals- Goal TWO: ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market-2.2 Encourage expansion of commercial opportunities in existing commercial corridors where infrastructure can support growth. Goal FOUR: To balance open space and environmental preservation with the community's development needs; 4.4 Encourage incentives for providing common open/green space and landscaping into all new development wherever possible. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy and Community Design. This project implements the Sustainable Principle of Community Knowledge; PUBLIC SAFETY GOALS-Goal NINE: To educate the community in all areas of public safety; 9.4 Promote educating the community...other subjects related to health and safety; 10.2 Support accessibility to City-owned buildings, structures, facilities and properties. 333 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Dubuque Industrial Center South Signs DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 360- COST 1$ 100,000 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS Signage $ — $ 50,000 $ 50,000 $ — $ — TOTAL $ — $ 50,000 $ 50,000 $ — $ — $ B. PROJECT FINANCING DICW TIF $ — $ 50,000 $ 50,000 $ — $ — TOTAL $ — $ 50,000 $ 50,000 $ — $ — $ C. IMPACT-OPERATIONS Operating Cost (Savings) $ 1,000 $ 1,000 $ 1,000 $ 1,000 Operating Revenue PROJECT DESCRIPTION To install and maintain appropriate signs for the Dubuque Industrial Center South consistent with the current approved signage within and around the City to effectively identify the area and expansion opportunities. JUSTIFICATION Support for this project is consistent with the City Council Goals and Priorities and present a progressive image for the Industrial Center and improve location marketing and identification-Environmental/Ecological integrity-TRANSPORTATION GOALS: 1.2 Encourage implementation of sound safety engineering principles and practices in the area of street lighting, street layout, speed limits, street signage, street pavement striping, and traffic signals.; 2.6 Promote signage to identify historic neighborhoods and gateways, and actual physical entrances to other neighborhoods to provide identity of neighborhoods and districts. RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Development Goals - Goal TWO: ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market-2.2 Encourage expansion of commercial opportunities in existing commercial corridors where infrastructure can support growth. Goal FOUR: To balance open space and environmental preservation with the community's development needs; 4.4 Encourage incentives for providing common open/green space and landscaping into all new development wherever possible. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy and Community Design. This project implements the Sustainable Principle of Community Knowledge; PUBLIC SAFETY GOALS-Goal NINE: To educate the community in all areas of public safety; 9.4 Promote educating the community...other subjects related to health and safety; 10.2 Support accessibility to City-owned buildings, structures, facilities and properties. 334 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Washington Neighborhood Rehabilitation DEPARTMENT: 60 TOTAL Development Grant Program PROJECT FD/CIP NO: 360-2436 COST ' $ 428,259 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ 38,259 $ 240,000 Grants $ 50,000 $ 50,000 $ 50,000 $ 38,259 $ 240,000 TOTAL $ — $ 50,000 $ — $ 50,000 $ 50,000 $ B. PROJECT FINANCING $ 240,000 Greater Downtown TIF $ 50,000 $ 50,000 $ 50,000 $ 38,259 GO Borrowing $ 38,259 $ 240,000 TOTAL $ — $ 50,000 $ — $ 50,000 $ 50,000 $ - PROJECT DESCRIPTION The Façade Grant Program provides 2:1 matching grants not to exceed$10,000 in grant funds per project for front or rear façade renovations designed to eliminate inappropriate additions or alterations and restore the façade to its historic appearance or to rehabilitate the facade to include new windows, paint, signage, awnings, etc. to improve overall appearance. Landscaping or screening with fencing or retaining walls may also be allowed, especially as it may improve property adjacent to the right-of-way. The Facade Grant Program provides 1:1 matching grants not to exceed$10,000 in grant funds per project for front or rear facade renovations designed to eliminate inappropriate additions or alterations and restore the facade to its historic appearance or to rehabilitate the facade to include new windows, paint, signage, awnings, etc. to improve overall appearance. Landscaping or screening with fencing or retaining walls may also be allowed, especially as it may improve property adjacent to the right-of-way. The Planning and Design Grant Program provides 1:1 matching grants not to exceed$10,000 in grant funds per project to offset the actual pre-development costs incurred prior to a Rehabilitation project. Reimbursement would be allowed for architectural and engineering fees, feasibility studies, environmental assessments or other related soft costs, but not owner/developer fees, incurred in the development of the project. The Financial Consultant Grant Program provides 1:1 matching grants not to exceed $15,000 in grant funds per project to offset the actual cost of hiring a financial consultant used to analyze the feasibility of the projects that generally apply for historic tax credits. Additionally, there are several other property owners and developers that have expressed an interest in utilizing the program to fund projects. The Downtown Rehabilitation Facade Grant program receives the most inquires and interest out of all programs provided by the Economic Development Department. This program has helped promote great successes in the redevelopment of the downtown. In order to meet the demand for this program, and maintain the historic appeal of downtown, additional funds have been requested for this program. Main Street was awarded $65,000 from the Main Street Iowa Challenge grant in Fiscal Year 2014. The Challenge grant funds a multi-property project for façade improvements to four key structures(2204 Central Avenue, 1838 Central Avenue, 1473 Central Avenue, and 1812 Central Avenue). In order to participate in this 335 application, developers were required to pledge to implement at least a majority of exterior improvements recommended in design visits from Main Street Iowa. In addition, the City of Dubuque committed a match of$75,000 to the project. It is expected that the improvements to the five structures will be completed by the end of calendar year 2016. JUSTIFICATION This program is intended to further the goals and objectives of the Greater Downtown Urban Renewal Plan by creating the financial incentives needed to eliminate conditions of blight, encourage revitalization, and create/retain jobs. The City Council has deemed the revitalization of the Washington Neighborhood a top priority. RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Design Goal Two: Ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market, objectives 2.1) Support protection of downtown commercial core and encourage continued reinvestment and redevelopment and 2.4) Support preservation of historic and aesthetic character and function of established commercial districts and Goal Seven: To encourage redevelopment opportunities within the city in an effort to revitalize unused or underused property while promoting the preservation of viable and affordable housing stock, objectives 7.1) Encourage redevelopment or adaptive reuse of vacant or underutilized buildings and sites, 7.3) Promote redevelopment that maximizes existing infrastructure and 7.4) Strive to eliminate slum and blight; Housing Goal One: To promote the preservation, rehabilitation, and investment in our city housing stock and neighborhoods, objectives 1.3) Consider expanding the City's use of housing preservation programs whenever appropriate and possible and 1.5) Encourage participation in and use of low-interest rehabilitation and home purchase loan funds; and Economic Development Goal Three: To concentrate on retaining and expanding existing local businesses, objective 3.8) Encourage downtown revitalization and neighborhood business development, and Goal Eight: To promote and encourage preservation of our historic assets, objective 8.3) Promote education of the public on the economic benefits of historic preservation. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy, Community Design and Green Buildings. 336 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Historic Millwork District Subarea Building DEPARTMENT: 60 PR Development Incentive & Rehabilitation Program PROOALJECT FD/CIP NO: 360-2439 COST $ 320,000 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ 160,000 Grants/Loans $ 20,000 $ 70,000 $ 70,000 $ 160,000 $ — TOTAL $ — $ — $ 20,000 $ 70,000 $ 70,000 $ B. PROJECT FINANCING $ 160,000 Greater Downtown TIF $ 20,000 $ 70,000 $ 70,000 $ 160,000 $ — TOTAL $ — $ — $ 20,000 $ 70,000 $ 70,000 $ —I PROJECT DESCRIPTION The program will provide grants of up to $10,000 for each new housing unit created in this district. These funds are eligible to be used in conjunction with the planning and design grant, financial consultant grant and facade grant programs. This pool of funds would be made available to complete financing packages for the immediate creation of market-rate downtown rental and owner-occupied residential units within the Greater Downtown Urban Renewal District Warehouse Subarea. Market-rate residential units include rental units which are not income restricted or rental units that are restricted to 80%of median income and less for no more than five years (units must not be restricted to 60% of median income or less, or any other restriction under 80%) and owner occupied units. Economic Development staff is working to identify funding sources for other potential projects that were identified in the 2009 Millwork District Master Plan. The downtown has a substantial need for quality rental and owner-occupied housing units. In the recent history, the lack of quality housing projects has caused companies to reconsider job creation projects due to fears that the lack of housing options will make workforce recruitment difficult. The continued developed of the Historic Millwork District is designed to address the recruitment of a talented workforce, and promote business growth. JUSTIFICATION This program is intended to further the goals and objectives of the Greater Downtown Urban Renewal Plan by creating the financial incentives needed to eliminate conditions of blight, encourage revitalization, and create/retain jobs and new housing units. The City Council has made the development of the Historic Millwork District a high priority. RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Design Goal Two: Ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market, objectives 2.1) Support protection of downtown commercial core and encourage continued reinvestment and redevelopment and 2.4) Support preservation of historic and aesthetic character and function of established commercial districts and Goal Seven: To encourage redevelopment opportunities within the city in an effort to revitalize unused or underused property while promoting the preservation of viable and affordable housing stock, objectives 7.1) Encourage redevelopment or adaptive reuse of vacant or underutilized buildings and sites, 7.3) Promote redevelopment that maximizes existing infrastructure and 7.4) Strive to eliminate slum and blight; Housing Goal One: To promote the preservation, rehabilitation, and investment in our city housing stock and neighborhoods, objectives 1.3) Consider expanding the City's use of housing preservation programs whenever 337 appropriate and possible and 1.5) Encourage participation in and use of low-interest rehabilitation and home purchase loan funds; and Economic Development Goal Three: To concentrate on retaining and expanding existing local businesses, objective 3.8) Encourage downtown revitalization and neighborhood business development, and Goal Eight: To promote and encourage preservation of our historic assets, objective 8.3) Promote education of the public on the economic benefits of historic preservation. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy, Community Design and Green Buildings. 338 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Washington Neighborhood Subarea DEPARTMENT: 60 TOTAL Development (Includes BluffNVest Locust) Building PROJECT Incentive & Rehabilitation Program FDICIP NO: 360-2438 COST $ 611,815 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ 14,412 $ 397,403 Grants/Loans $ 100,000 $ 100,000 $ 100,000 $ 14,412 $ 397,403 TOTAL $ — $ — $ — $ 100,000 $ 100,000 $ 100,000 B. PROJECT FINANCING $ 14,412 $ 397,403 Greater Downtown TIF $ 100,000 $ 100,000 $ 100,000 $ 14,412 $ 397,403 TOTAL $ — $ — $ — $ 100,000 $ 100,000 $ 100,000 PROJECT DESCRIPTION This program provides grants for rehabilitation and adaptive reuse of buildings in the Greater Downtown Urban Renewal District Washington Neighborhood Subarea. Tax increment proceeds and loan repayments are utilized to capitalize the pool of funds for these loans. Associated development costs for parking are also included in the budget. The program will provide grants of up to $10,000 for each new housing unit created in this district. These funds are eligible to be used in conjunction with the planning and design grant, financial consultant grant and facade grant programs. This pool of funds would be made available to complete financing packages for the immediate creation of market-rate downtown rental and owner-occupied residential units within the Greater Downtown Urban Renewal District Washington Neighborhood Subarea. Market-rate residential units include rental units which are not income restricted or rental units that are restricted to 80% of median income and less for no more than five years(units must not be restricted to 60% of median income or less, or any other restriction under 80%) and owner occupied units. The community and the downtown in particular has a substantial need of quality rental and owner occupied housing units. The inability to finance housing projects has caused companies to reconsider job creation projects within the community as they fear the lack of housing options makes recruiting a qualified workforce difficult. Additionally, the added demand for rental units in Dubuque has created pressure in the marketplace that could negatively impact those in the low- moderate income Washington Neighborhood and other adjacent neighborhoods. A 2013 market analysis by Teska Associates has revealed that the population in the area has increased by 10 percent since 2007, however housing options have decreased due to acquisition and deconstruction of property for the Bee Branch Creek Restoration Project. JUSTIFICATION This program is intended to further the goals and objectives of the Greater Downtown Urban Renewal Plan by creating the financial incentives needed to eliminate conditions of blight, encourage revitalization, and create/retain jobs and new housing units. The City Council has made reinvestment of the Washington Neighborhood a top priority. 339 RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Design Goal Two: Ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market, objectives 2.1) Support protection of downtown commercial core and encourage continued reinvestment and redevelopment and 2.4) Support preservation of historic and aesthetic character and function of established commercial districts and Goal Seven: To encourage redevelopment opportunities within the city in an effort to revitalize unused or underused property while promoting the preservation of viable and affordable housing stock, objective 7.1) Encourage redevelopment or adaptive reuse of vacant or underutilized buildings and sites; Housing Goal One: To promote the preservation, rehabilitation, and investment in our city housing stock and neighborhoods, objectives 1.3) Consider expanding the City's use of housing preservation programs whenever appropriate and possible and 1.5) Encourage participation in and use of low-interest rehabilitation and home purchase loan funds; and Economic Development Goal Three: To concentrate on retaining and expanding existing local businesses, objective 3.8) Encourage downtown revitalization and neighborhood business development. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy, Community Design and Green Buildings. 340 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Downtown Housing Improvement Program DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 360-2560 COST I I$ 200,000 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS Grants $ 100,000 $ 100,000 $ 100,000 $ — $ — TOTAL $ — $ — $ — $ 100,000 $ 100,000 $ 100,000 B. PROJECT FINANCING Greater Downtown TIF $ 100,000 $ 100,000 $ 100,000 $ — $ — TOTAL $ — $ — $ — $ 100,000 $ 100,000 $ 100,000 PROJECT DESCRIPTION Since 2010, the City has provided a downtown housing incentive, offering up to$10,000 per unit, for the creation of workforce housing through the rehabilitation and reuse of downtown buildings. This was in response to housing studies in 2008 and 2009 that indicated a shortage of housing, particularly in the downtown area, would be detrimental to business growth in the community. The program has been overwhelmingly popular since its inception, as $1,793,000 has been used to incentive the creation of 187 units. Commitments have been made for$1,100,000 for the creation of an additional 110 units that are currently under construction. The 297 units has clearly made a significant impact on the housing shortage identified in 2008 and 2009. In fact, another project has been requested to update the studies in order to determine the future of the housing incentive program and if it is still needed. While the new units incentivized provide quality housing options, there is still a significantly outdated housing stock that is heavily relied upon by many of the estimated 9,000 employees that work downtown. As the need for new housing options may decrease, there will be an increased emphasis on the improvement of existing housing. A new program would provide funds for the rehabilitation of units currently on the market. The new downtown housing improvement program would use similar guidelines as the existing downtown housing incentive program, which would be renamed to the downtown housing creation program. However in order to ensure quality interior and exterior renovations, the new downtown housing improvement program would require the use of historic tax credits which requires the use of Secretary of Interiors guidelines, something that is not required in the downtown housing creation program. This program would provide$5,000 per unit for the rehabilitation of existing units. JUSTIFICATION This program would encourage investment in areas like Central Avenue, the Bluff/West Locust neighborhood, and other areas of downtown that offer housing many would believe to be inferior to the new units created in the Millwork District and Lower Main area. As the areas that have received more investment become choice housing for those working in downtown, it is important to incentive development and investment in the other areas as to minimize the disparity between the neighborhoods. This program would fill a gap in the City's current housing programs, and has been requested by developers, financial consultants, and lenders. The funds requested would be taken from the funds available in the downtown housing creation program. 341 RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Design Element Goals Two: Goal Two: Ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market, objectives 2.1) Support protection of downtown commercial core and encourage continued reinvestment and redevelopment and 2.2) Encourage expansion of commercial opportunities in existing commercial corridors or nodes where infrastructure can support growth; Goal Seven: To encourage redevelopment opportunities within the city in an effort to revitalize unused or underused property while promoting the preservation of viable and affordable housing stock, objectives 7.1) Encourage redevelopment or adaptive reuse of vacant or underutilized buildings and sites, 7.3) Promote redevelopment that maximizes existing infrastructure and 7.4) Strive to eliminate slum and blight; Housing Goal One: To promote the preservation, rehabilitation, and investment in our city housing stock and neighborhoods, objectives 1.3) Consider expanding the City's use of housing preservation programs whenever appropriate and possible and 1.5) Encourage participation in and use of low-interest rehabilitation and home purchase loan funds and Economic Development Goal Three: To concentrate on retaining and expanding existing local businesses, objective 3.8) Encourage downtown revitalization and neighborhood business development and Goal Eight: To promote and encourage preservation of our historic assets, objective 8.3) Promote education of the public on the economic benefits of historic preservation. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy, Community Design and Green Buildings. 342 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Downtown Housing Creation Program DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 360-2267 COST 1$ 417,2111 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ 90,000 $ 127,211 Grants $ 100,000 $ 100,000 $ 100,000 $ 90,000 $ 127,211 TOTAL $ — $ — $ — $ 100,000 $ 100,000 $ 100,000 B. PROJECT FINANCING Greater Downtown TIF $ 100,000 $ 100,000 $ 100,000 $ 90,000 $ 127,211 GO Borrowing $ 90,000 $ 127,211 TOTAL $ — $ — $ — $ 100,000 $ 100,000 $ 100,000 PROJECT DESCRIPTION This program provides grants for rehabilitation and adaptive reuse of buildings in the Greater Downtown Urban Renewal District. Tax increment proceeds and loan repayments are utilized to capitalize the pool of funds for these grants. The City of Dubuque has established this pool of funds to be made available to complete financing packages for the creation of market-rate downtown rental and owner-occupied residential units within the Greater Downtown Urban Renewal District. Projects eligible to receive assistance from this established pool of funds must meet certain requirements. Upon satisfying the requirements, each rehabilitated unit may receive up to $10,000. The Downtown Housing Incentive has resulted in the creation of historically rehabilitated housing units including units in the Historic Millwork District. Over 300 units have been created to date, which only begins to address the housing shortage identified in a housing study several years ago. Additionally, there are several developers that have expressed an interest in utilizing the program to fund projects. While it is not likely that all of these projects will materialize, undoubtedly a portion will take place. The downtown continues to have a substantial need for quality rental and owner-occupied housing units. In the recent history, the lack of quality housing projects has caused companies to reconsider job creation projects due to fears that the lack of housing options will make workforce recruitment difficult. In order to meet the demand for this program, additional Greater Downtown TIF needs to be added to recapitalize this pool of funds. This program has done a tremendous job of helping promote and redevelop the downtown housing options. JUSTIFICATION This program is intended to further the goals and objectives of the Greater Downtown Urban Renewal Plan by creating the financial incentives needed to eliminate conditions of blight, encourage revitalization, and create/retain jobs and new housing units. RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Design Goal Two: Ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market, objectives 2.1) Support protection of downtown commercial core and encourage 343 continued reinvestment and redevelopment and 2.4) Support preservation of historic and aesthetic character and function of established commercial districts and Goal Seven: To encourage redevelopment opportunities within the city in an effort to revitalize unused or underused property while promoting the preservation of viable and affordable housing stock, objectives 7.1) Encourage redevelopment or adaptive reuse of vacant or underutilized buildings and sites, 7.3) Promote redevelopment that maximizes existing infrastructure and 7.4) Strive to eliminate slum and blight; Housing Goal One: To promote the preservation, rehabilitation, and investment in our city housing stock and neighborhoods, objectives 1.3) Consider expanding the City's use of housing preservation programs whenever appropriate and possible and 1.5) Encourage participation in and use of low-interest rehabilitation and home purchase loan funds; and Economic Development Goal Three: To concentrate on retaining and expanding existing local businesses, objective 3.8) Encourage downtown revitalization and neighborhood business development, and Goal Eight: To promote and encourage preservation of our historic assets, objective 8.3) Promote education of the public on the economic benefits of historic preservation. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy, Community Design and Green Buildings. 344 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Downtown Rehabilitation Grant Program DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 241-1942 COST 1$ 367,143 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS $ 96,393 $ 70,750 Grants $ 100,000 $ 100,000 $ 100,000 $ 96,393 $ 70,750 TOTAL $ — $ — $ — $ 100,000 $ 100,000 $ 100,000 B. PROJECT FINANCING $ 96,393 $ 70,750 Greater Downtown TIF $ 100,000 $ 100,000 $ 100,000 $ 96,393 $ 70,750 TOTAL $ — $ — $ — $ 100,000 $ 100,000 $ 100,000 PROJECT DESCRIPTION This program provides grant funding for the rehabilitation of commercial or multi-family property in the Greater Downtown Urban Renewal District. The Facade Grant Program provides 1:1 matching grants not to exceed$10,000 in grant funds per project for front or rear facade renovations designed to eliminate inappropriate additions or alterations and restore the facade to its historic appearance or to rehabilitate the facade to include new windows, paint, signage, awnings, etc. to improve overall appearance. Landscaping or screening with fencing or retaining walls may also be allowed, especially as it may improve property adjacent to the right-of-way. The Planning and Design Grant Program provides 1:1 matching grants not to exceed $10,000 in grant funds per project to offset the actual pre-development costs incurred prior to a Rehabilitation project. Reimbursement would be allowed for architectural and engineering fees, feasibility studies, environmental assessments or other related soft costs, but not owner/developer fees, incurred in the development of the project. The Financial Consultant Grant Program provides 1:1 matching grants not to exceed $15,000 in grant funds per project to offset the actual cost of hiring a financial consultant used to analyze the feasibility of the projects that generally apply for historic tax credits. Additionally, there are several other property owners and developers that have expressed an interest in utilizing the program to fund projects. The Downtown Rehabilitation Facade Grant program receives the most inquires and interest out of all programs provided by the Economic Development Department. This program has helped promote great successes in the redevelopment of the downtown. In order to meet the demand for this program, and maintain the historic appeal of downtown, additional funds have been requested for this program. JUSTIFICATION This program is intended to further the goals and objectives of the Greater Downtown Urban Renewal Plan by creating the financial incentives needed to eliminate conditions of blight, encourage revitalization, and create/retain jobs and new housing units. 345 RELATIONSHIP TO OTHER PROJECTS This project implements the Comprehensive Plan's Land Use and Urban Design Goal Two: Ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market, objectives 2.1) Support protection of downtown commercial core and encourage continued reinvestment and redevelopment and 2.4) Support preservation of historic and aesthetic character and function of established commercial districts and Goal Seven: To encourage redevelopment opportunities within the city in an effort to revitalize unused or underused property while promoting the preservation of viable and affordable housing stock, objectives 7.1) Encourage redevelopment or adaptive reuse of vacant or underutilized buildings and sites, 7.3) Promote redevelopment that maximizes existing infrastructure and 7.4) Strive to eliminate slum and blight; Housing Goal One: To promote the preservation, rehabilitation, and investment in our city housing stock and neighborhoods, objectives 1.3) Consider expanding the City's use of housing preservation programs whenever appropriate and possible and 1.5) Encourage participation in and use of low-interest rehabilitation and home purchase loan funds; and Economic Development Goal Three: To concentrate on retaining and expanding existing local businesses, objective 3.8) Encourage downtown revitalization and neighborhood business development, and Goal Eight: To promote and encourage preservation of our historic assets, objective 8.3) Promote education of the public on the economic benefits of historic preservation. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy, Community Design and Green Buildings. 346 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Development of Graf Properties DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 360- COST $ 200,000 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS Professional Services $ 200,000 Construction $ 2,000,000 $ — $ — TOTAL $ — $ — $ — $ — $ 200,000 $ 2,000,000 B. PROJECT FINANCING DICW TIF $ 200,000 $ 2,000,000 $ — $ — TOTAL $ — $ — $ — $ — $ 200,000 $ 2,000,000 PROJECT DESCRIPTION This project would continue construction in Dubuque Industrial Center West, including grading and road construction on the property referred to as Graf Farm. JUSTIFICATION In 2015, the City acquired farmland known as the Graf Farm. The property has been leased for agricultural purposes until it is needed for commercial/industrial growth. With recent business expansions in the DICW, the City of Dubuque has seen unprecedented growth. The last portion of City owned land in the DICW (North Siegert Farm) was completed in 2010. In an effort to keep ahead of the need for additional land, it is necessary to begin the planning process now. RELATIONSHIP TO OTHER PROJECTS This program implements the Comprehensive Plan's Elements of Economic Development and Land Use & Urban Design Goals. This program implements the Comprehensive Plan's Economic Development goal twelve: to promote the provision of an adequate supply of vacant, development-ready land for commercial and industrial use; objective 12.3: evaluate potential commercial and industrial development sites, based on the City's Future Land Use Map. This program implements the Comprehensive Plan's Land Use & Urban Design goal two: ensure that opportunities for convenient and concentrated commercial development are provided to support both the local and regional market; objective 2.2: encourage expansion of commercial opportunities in existing commercial corridors or nodes where infrastructure can support growth and objective 3.1: promote the retention and expansion of existing, and attraction of new, industrial development opportunities in suitable locations, including airport environs. This program also implements the Comprehensive Plan's Land Use & Urban Design goal ten: to plan for the city's future and orderly development within a regional context; objective 10.1: consider the community's regional setting and economy when assessing the opportunities and constraints for land development. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principles of Regional Economy and Community Design; Dubuque is a community that values a diversified regional economy with opportunities for new and green markets,jobs, products and services and a community that values the built environment of the past, present and future which contributes to its identity, heritage and sense of people. 347 DEPARTMENT: STATE PROGRAM: PROJECT TITLE: PROGRAM: 5C Economic Development Community& Economic Development of McFadden Properties DEPARTMENT: 60 TOTAL Development PROJECT FD/CIP NO: 360- COST $ 200,000 2016 2017 ACTUAL AMENDED BEYOND EXP BUDGET PROJECT BUDGET 2017-18 2018-19 2019-20 2020-21 2021-22 2022 A. EXPENDITURE ITEMS Construction $ 4,000,000 Design& Engineering $ 200,000 $ — $ — TOTAL $ — $ — $ — $ — $ 200,000 $ 4,000,000 B. PROJECT FINANCING DICW TIF $ 200,000 $ 4,000,000 $ — $ — TOTAL $ — $ — $ — $ — $ 200,000 $ 4,000,000 PROJECT DESCRIPTION This project would continue construction in Dubuque Industrial Center West, including grading and road construction on the McFadden Farm. JUSTIFICATION In 2015, the City acquired farmland known as the McFadden Farm. The property has been leased for agricultural purposes until it is needed for commercial/ industrial growth. With more recent business expansions in the DICW, the City of Dubuque has seen unprecedented growth. The last portion of City owned land in the DICW(North Siegert Farm) was completed in 2010. In an effort to keep ahead of the need for additional land, it is necessary to begin the planning process now. RELATIONSHIP TO OTHER PROJECTS This program implements the Comprehensive Plan's Economic Development Element: Goal 12.3; and Land Use & Urban Development Element: Goals 2.2, 3.1 and 10.1. RELATIONSHIP TO SUSTAINABILITY PRINCIPLES This project implements the Sustainable Principle of Regional Economy and Community Design. 348 Economic Development 123- This page intentionally left blank. -124- ECONOMIC DEVELOPMENT DEPARTMENT FY 2016 FY 2017 FY 2018 % Change From Budget Highlights Actual Budget Requested FY 2017 Budget Expenses Employee Expense 276,132 274,658 290,401 5.7% Supplies and Services 2,265,053 2,012,341 2,147,131 6.7% TIF Rebate Payments 3,191,692 3,604,711 3,958,763 9.8% Equipment —% Administrative Recharges 6,000 6,000 — 0.0% Subtotal 5,738,877 5,897,710 6,396,295 8.5% Debt Service 7,409,538 3,875,285 3,793,392 -2.1% Total 13,148,415 9,772,995 10,189,687 4.3% Resources TIF Charges 10,601,231 7,479,996 7,752,155 3.6% UDAG Charges 75,000 0.0% TIF Land Sales/Reimbursements 147,888 275,885 380,867 38.1% Hotel/Motel Tax (50%) 1,018,206 1,049,088 1,073,956 2.4% Administrative OH Recharges & Reimbursements 315,724 365,179 — 0.0% Farmland Rent 53,962 — 53,962 0.0% Miscellaneous Revenue 24,400 24,400 24,400 0.0% Total 12,236,411 9,194,548 9,285,340 1.0% Property Tax Support 912,004 578,447 904,347 325,900 Percent Increase (Decrease) 56.3% Personnel -Authorized FTE 3.00 3.00 3.00 Improvement Package Summary 1 of 5 This decision package would provide funding to increase the Arts and Cultural Affairs Coordinator from part-time to full-time, an increase of 1,040 hours or 0.50 FTE. The City commissioned and received in FY 2017 the arts and culture master plan. The goal of the plan was to identify key elements to creating a vibrant arts city, the creation of conditions in which arts and cultural activity can thrive and create an environment for the retention and attraction of a diverse workforce. This means enabling a mix of both formal, planned initiatives as well as organic and spontaneous creative endeavors.A critical component for such an environment-and a clear need in Dubuque-is for an individual or entity to spearhead such efforts and serve as a coordinator or convener of other parties. This individual or entity should be qualified in expertise and adequately funded and staffed. The Arts Coordinator position is essential in providing support to the city council's top priority arts and culture strategy of making Dubuque a regional hub for the arts and using the arts to help promote tolerance and diversity. This budget improvement package has been unanimously endorsed by the City's Arts and Cultural Affairs Advisory Commission. -125- This funding increase will provide for the coordinator to continue to provide support to the Arts and Cultural Affairs Commission, maintain and improve the City's existing arts and cultural affairs initiatives such as Art on the River, Special Projects Arts and Culture Grant Program,Arts and Culture Operating Support Program, pursue outside funding opportunities, support the Arts Commission in developing and achieving its strategic goals and priorities, and create future arts and cultural initiatives based upon the implementation of the recommendations of the Arts and Culture Master Plan. A. Boost Capacity for Arts and Culture to Thrive Designate and empower an individual or entity to lead development of the cultural sector. Retain professional staff dedicated full time to arts and cultural development. ii. Allocate a budget for this department/arts and cultural activity. iii. Create regular touchpoints between this individual or entity with City departments, agencies, leaders to avoid creation of silos and encourage coordination. Clarify roles, responsibilities and guidelines for the Arts and Cultural Affairs Advisory Commission to best leverage their energy and knowledge to the benefit of arts and culture in Dubuque. Develop and follow bylaws and role descriptions that focus the Commission's role on advisory activities as opposed to implementation. ii. Establish and follow guidelines and procedures in accordance with best practice, eliminating potential conflicts of interest. Establish a public policy framework conducive to arts and cultural activity. Develop a public art policy and implement public art program funded by a "percent for art" mechanism. (See Appendix A: Draft Public Art Policy) ii. Clarify policies around existing City-managed or sponsored art activities and collections. iii. Establish equitable and transparent City funding mechanisms and processes to support a range of arts and cultural activity. iv. Create and revise policies and procedures to encourage arts and cultural activity. v. Create a City department- and agency-wide approach to infuse arts and culture throughout municipal activities as appropriate/possible. Facilitate communication and coordination among the arts and cultural sector. Create and manage a comprehensive, shared planning calendar. ii. Create and manage a comprehensive calendar of arts and cultural offerings for public use. iii. Facilitate networking, communication and collaboration among artists, arts organizations and creative businesses. Related Cost: $ 46,338 Tax Funds Recurring Recommend - No Property Tax Impact: $ 0.0195 0.18% Activity: Arts and Cultural Affairs -126- 2 of 5 This decision package would provide funding for a full-time Economic Development Project Coordinator at GE-30C to help address the State of Iowa's increased scrutiny of Urban Renewal Area use and effectiveness. The demands of the Economic Development Department continues at a level where it is necessary to add an additional staff to help handle daily activities effectively and efficiently. The department is focusing more on entrepreneurial and retention of existing business projects. These projects are time intensive and require intentional engagement and attention. This position will assist in negotiations with various development of property, disposition agreements with developers, and/or property owners as needed. In addition this the additional Project Coordinator would assist and advise members of the public regarding economic development programs and monitor, coordinate and provide assistance to business and property owners and business organizations. The State of Iowa is continuously scrutinizing the use of Urban Renewal Area activities and is now requiring tighter monitoring and updating of Urban Renewal Plans on an annual bases. This position would be responsible for maintaining, monitoring and revising Urban renewal Plans. Economic Development Project Coordinator duties would additionally include responding to requests for information, completing state forms, compiling TIF reports, amending Urban Renewal/Revitalization Plans, preparing loan documents, reviewing job certifications, assisting departments with questions and performing duties as assigned such as potentially coordinate and implement economic development and redevelopment projects and programs by developing collaborative partnerships with public, private and community-based organizations to achieve redevelopment and development opportunities which lead to positive economic growth outcomes. This new position would also assist with the departmental duties when other staff members are absent for reasons such as vacation, sick leave, attending meetings, conference/training, or unforeseen occurrences. The non-recurring expenses include a computer to accommodate an additional person. This employee would most efficiently be located in the current office space. Related Cost: $ 79,771 Tax Funds Recurring Recommend - No Related Cost: $ 2,475 Tax Funds Non-Recurring Total Cost: $ 82,246 Property Tax Impact: $ 0.0347 0.32% Activity: Economic Development 3 of 5 This decision package would provide funding for The Art on the River Snow Festival. The Art on the River Snow Festival is an extension of the successful Art on the River Annual Rotating Exhibit that features snow sculpting, among other whether related activities geared toward increasing community engagement, in a nationally recognized competition that allows local talent (Iowa Residents only as per WinterFun agreement) to compete for the state title and the opportunity to compete for the national title. The Art on the River Snow Festival is consistent with The art and Cultural master Plan Priority A Section a part ii Identify and Create earned revenue streams: Section b i,iii, Create forums for artist to show and sell their work, Foster community building among the creative community that strengthens the local support networks for artists and creatives; priority C section A part i,ii & iii : deepen appreciation for arts and culture among the general public; section C Increase the availability and -127- accessibility of arts and cultural offerings; priority D Section a, b Cultivating connections, Develop Ties among the arts and the broader community by increasing visibility and relevance of arts and culture. The Art On The River Snow Festival is consistent with Economic Development Goal 7 to maintain and strengthen Dubuque's position as a tourist destination point 1-6;Arts and Culture goals (all points)1 To celebrate the arts as an opportunity to enjoy and enrich community life. 2 To provide a variety of affordable and accessible cultural arts activities and resources for all ages. 3 To promote affordable and accessible spectator and participatory arts experiences and cultural events. 5 To support the expression of the cultural arts and access to that expression. Recreation goals 4.Identify the needs and interests of people of all ages and the types of programs they desire/need. 4.3 Support a varied program offering activities and programs not being provided by other organizations and groups applicable to goal. 5.1 continue identify the needs and interests of young people as to what sports (n this case arts) they would like to participate in. 8.1 Support coordination of the implementation of the recreation, entertainment, culture and education planning component of the Riverfront Plan with other public and private organizations. 8.3 Encourage more attractions at the Port of Dubuque. Related Cost: $ 5,000 Tax Funds Recurring Recommend - No Property Tax Impact: $ 0.0021 0.02% Activity: Arts and Cultural Affairs 4 of 5 This decision package would provide funding for an Arts and Business Annual Luncheon. An Arts and Business Annual Luncheon seeks to create an alliance comprised of two vital contributors to the City's economic vitality for the purpose of mutual education and an exchange of ideas leading to the growth and development of both sectors. The Arts and Business Luncheon would serve to connect businesses and arts organizations to leverage and unite the unique resources of each sector to create a thriving, sustainable creative culture that would impact the growth and development of each individually and collaboratively. This project is consistent with Priority D section C of the Arts and Cultural Master Plan that calls for integrating leadership of the arts with leaders in other sectors by forging new relationships and strengthens existing relationships with business, public, nonprofit and educational sector. Priority B Section F part i: Provide and coordinate technical training to organizations and artists. Arts and Business Luncheon is consistent with Economic Development Goals 5.3: Continue a collaborative recruitment strategy among business, non-profits, and government Economic development goal. 7 .5 Foster enhanced recreational access to the river as an economic development strategy. 7.6 Promote the culture, education and entertainment element of the Downtown Master Plan Arts and Culture Goals (all points) 1 To celebrate the arts as an opportunity to enjoy and enrich community life. 3 To promote affordable and accessible spectator and participatory arts experiences and cultural events. 4 To utilize the arts to encourage a better understanding of the cultural diversity of the world. Related Cost: $ 5,000 Tax Funds Recurring Recommend - No Property Tax Impact: $ 0.0021 0.02% Activity: Arts and Cultural Affairs -128- 5 of 5 This decision package would provide funding for City Expo resources. City Expo is an annual, family- friendly event designed to inform Dubuque residents about city programs, services, and resources and give residents an additional opportunity to speak with City staff. City Expo features activities and demonstrations designed for visitors of all ages. Sustainability Principles-Community Knowledge: Sustainable Dubuque is a community that values education, empowerment and engagement to achieve economic prosperity, environmental integrity and social/cultural vibrancy. Dubuque Comprehensive Plan/Economic Prosperity/City Fiscal Goals Goal six: to improve City government productivity and service delivery and identify alternative means of service delivery. Objective 6.5 encourage citizen input to help identify productivity and service delivery needs. Social/cultural vibrancy. Economic Development Goals: Goal one: to reduce unemployment, achieve economic stability, and increase the standard of living for all citizens. Objective 1.4 continue to use a unified economic development team, with public/private sector involvement, to tackle the City's economic development goals. Objective 1.5 promote reduction of barriers to economic growth, while recognizing the City's regulatory function. Related Cost: 1,500 Tax Funds Recurring Recommend -Yes Property Tax Impact: $ 0.0006 0.01% Activity: Economic Development Significant Line Items Employee Expense 1. FY 2018 employee expense reflects a 2.0% wage package increase. 2. The Iowa Public Employee Retirement System (IPERS) City contribution is unchanged at 8.93% and the employee contribution is unchanged at 6.18% in FY 2018. 3. The City portion of health insurance expense unchanged from $1,325 in FY 2017 to $1,325 in FY 2018 per month per contract. Supplies and Services 4. Payments to Other Agencies provide for TIF backed economic development grants. Rebate payments count against the City's statutory debt limit unless there is a non-appropriation clause approved in the development agreement and in that case only the current annual payment counts against the City's statutory debt limit. The City began using non-appropriation clauses in development agreements beginning in January 2013. The grant estimates totaling $1,618,527 in FY 2018 in the Greater Downtown TIF district are to: McGraw Hill II $444,857 Last payment FY 2018 Morrison Brothers $20,893 Last payment FY 2018 Hartig rebated at 60% $8,196 Last payment FY 2019 Security Building $29,870 Last payment FY 2019 -129- Star Brewery $73,678 Last payment FY 2020 Interstate Building $18,659 Last payment FY 2020 Adobos Mexican Grill $6,250 Last payment FY 2022 Flexsteel $202,654 Last payment FY 2024 Linseed Oil Paintworks $19,462 Last payment FY 2025 Rousselot, Inc. $5,044 Last payment FY 2025 Hotel Julien $215,601 Last payment FY 2026 253 Main St. $4,221 Last Payment FY 2027 73 CHS Forwards $15,234 Last payment FY 2027 44 Main $26,730 Last payment FY 2027 Engine House #1 $10,051 Last payment FY 2027 Franklin Investment $35,813 Last payment FY 2028 Nottingham Properties $264 Last payment FY 2028 Schmid Innovation Center $106,922 Last payment FY 2028 Bonson Block $8,093 Last payment FY 2028 Plastic Center $10,082 Last payment FY 2028 Roshek Building $270,608 Last payment FY 2030 Novelty Iron Works $85,345 Last payment FY 2031 Total $1,618,527 The grant estimates totaling $1,941,016 in FY 2018 in the Dubuque Industrial Center West TIF district are to: National Dentex $26,253 Last payment FY 2018 TM Logistics $45,054 Last payment FY 2018 Theisen Supply $36,716 Last payment FY 2018 Dubuque Screw Products $38,765 Last payment FY 2019 A.Y. McDonald $- Last payment FY 2019 Arts Way $45,694 Last payment FY 2019 Kendall Hunt $141,792 Last payment FY 2019 Medline $174,544 Last payment FY 2019 Spiegel Spec Building $215,834 Last payment FY 2019 Giese Properties II $4,477 Last payment FY 2019 Malay Holdings $32,986 Last payment FY 2022 Faley Properties $102,607 Last payment FY 2022 Green Industrial Supply $342,322 Last payment FY 2023 Tri-State Quality Metals $36,708 Last payment FY 2026 Hormel Foods $697,264 Last payment FY 2026 Total $1,941,016 The grant estimates in FY 2018 in the Lake Ridge TIF district are to: The Rose of Dubuque $13,233 (last payment in 2024). -130- The grant estimates totaling $213,882 in FY 2018 in Tech Park TIF district are to: Kunkel Bounds $57,227 Last payment FY 2018 Conlon Johnson $125,812 Last payment FY 2019 Straka Johnson $18,883 Last payment FY 2019 L&J Properties $35,852 Last payment FY 2019 The grant estimates in FY 2018 in the North Cascade Road Housing TIF district are to: North Cascade Road Developers LLC $77,269 (last payment in 2025). The grant estimates in FY 2018 in the English Ridge Housing TIF district are to: English Ridge LLC $31,632 (last payment in 2027). 5. Travel City Business unchanged from $34,200 in FY 2017 to $34,200 in FY 2018. This line item represents the budget for federal initiatives ($24,000); Diversity Summit sponsorship ($5,000); Diversity Summit registration for leadership team ($5,000); and Arts and Cultural Affairs ($200). 6. Contracted Services increased from $1,668,934 in FY 2017 to $1,803,366 in FY 2018. There is a 10% cut in FY 2018 and FY 2017 for some agencies. The following service agreements are budgeted in Economic Development in FY 2018: Agency FY 2018 FY 2017 Change % Dubuque Area and Visitors Bureau $ 1,075,917 $ 1,049,088 $ 26,829 3% Dubuque Area Labor Management Council $ 27,000 $ 27,000 $ - -% Dubuque Main Street $ 74,276 $ 66,848 $ 7,428 11% Greater Dubuque Development Corporation $ 470,613 $ 370,613 $ 100,000 27% Prosperity Eastern Iowa $ 5,085 $ 5,085 $ - -% Access Dubuque $ 5,475 $ 5,300 $ 175 3% America's River Festival $ 10,000 $ 10,000 $ - -% Inclusive Dubuque $ 67,500 $ 67,500 $ - -% Project Hope $ 67,500 $ 67,500 $ - -% Total $ 1,803,366 $ 1,668,934 $ 134,432 8% These contracted services for Economic Development are expenses that the City would have within its organization regardless of who provides the services. Debt Service 7. The FY 2018 debt service includes ($3,793,392): Final Call Amount Debt Series Source Purpose Payment Date $ 125,325 TIF revenue DICW Theisens 2018 $ 453,650 G.O. 2008C DICW N. Siegert 2018 -131- Final Call Amount Debt Series Source Purpose Payment Date $ 206,000 G.O. 2012D TECH Airport Utilities 2018 $ 61,200 G.O. 2012D TECH Airport Utilities 2018 $ 77,240 G.O. 2017A GDTIF Town Clock 2021 2025 $ 95,410 TIF revenue GDTIF 40 Main 2021 $ 643,350 G.O. 2016B DICW Synergy Ct/N. Siegert 2023 2024 $ 30,000 G.O. 2016B GDTIF Kephart's Building 2023 2024 $ 34,564 G.O. 2011B DICW S. Siegert 2026 2018 $ 133,298 G.O. 2017A DICW N. Siegert 2029 2025 $ 203,520 G.O. 2017A GDTIF Housing Incentives 2030 2025 $ 196,360 G.O. 2017A GDTIF Millwork Parking 2030 2025 $ 135,000 IFA loan GDTIF Caradco 2030 $ 389,794 G.O. 2012B GDTIF 1-Way to 2-Way 2031 2020 $ 206,889 G.O. 2014C GDTIF Intermodal 2032 2021 $ 136,746 G.O. 2012F GDTIF ED Grants 2032 2018 Bluff Street Restrooms/ $ 139,076 G.O. 2012H GDTIF Bus Storage 2032 2018 $ 281,560 G.O. 2012C DICW S. Siegert 2032 2019 $ 55,105 G.O. 2012C GDTIF Washington Neighborhood 2032 2019 $ 30,962 G.O. 2012D DICW S. Siegert 2032 2019 $ 10,593 G.O. 2012H DICW Land Acquisition 2032 2018 $ 141,625 G.O. 2014C DICW Land Acquisition 2034 2021 $ 6,125 G.O. 2014B GDTIF DT Loan Pool 2034 2021 $ 3,793,392 Total Economic Development Debt Service In addition, Greater Downtown TIF will transfer to the Debt Service fund ($3,158,691) to pay a portion of the America's River Fund debt ($361,729); Library Renovation debt ($201,450); Port of Dubuque Parking Ramp ($2,014,000); Intermodal Facility ($301,512); and Downtown Parking Ramp Debt ($280,000). Revenue 8. The payment from Dubuque Initiatives for processing of payments has remained at $24,400 in FY 2018. 9. Farmland Rent increased from $0 in FY 2017 to $53,962 in FY 2018 based on FY 2016 Actual of$53,962. This line item represents rent of farmland in Dubuque Industrial Center West that has been acquired but not developed. 10. Revenue received from Enterprise Funds for administrative overhead charges decreased from $365,179 in FY 2017 to $0 in FY 2018. The Fiscal Year 2018 administrative overhead formula has been modified. The modification removes Neighborhood Development, Economic Development and Workforce Development from all recharges to utility funds. -132- ECONOMIC DEVELOPMENT Economic Development formulates and implements strategies which retain and create jobs, enhance the tax base, stabilize the local economic base and encourage economic self-sufficiency, working primarily in the areas of downtown, Historic Millwork District, riverfront and industrial park development —thus improving the community's overall quality of life. Economic Development Economic Arts and Cultural Development + Affairs 1 1 Parking Tranist Division Division SUCCESS IS ABOUT PLANNING, PARTNERSHIPS AND PEOPLE LEADING TO OUTCOMES PEOPLE PLANNING We work to attract and retain an We facilitate projects related to the appropriate mix of businesses for preparation and administration of City the purpose of increasing plans and work with businesses and employment opportunities, consultants to plan and develop areas attracting skilled workers and to such as the Historic Millwork District, provide the town with a stable the Downtown, the Port of Dubuque, economy.We focus efforts on Urban Renewal Districts and the creating healthy, diverse Industrial and Technology parks to neighborhoods in the community. generate income and employment INCLUSIVE opportunities along with a strong tax base. INCLUSIVE INCLUSIVE dubuque PARTNERSHIPS We support partnerships among business, communities and nonprofit organizations that strengthen the economic health and quality of life for the city of Dubuque.We promote economic development assistance to area businesses in cooperation with federal, state and local agencies. -133- ECONOMIC DEVELOPMENT Resources and Property Tax Support $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 I I $0 — TIF Charges UDAG Charges DICW Land Sales Hotel/Motel Tax Admin OH Property Tax Support • FY 2016 FY 2017 FY 2018 Expenditures by Category by Fiscal Year $276,132 Employee Expense $274,658 $290,401 $2,265,053 Supplies and Services $2,012,341 $2,147,131 $3,191,692 TIF Rebates $3,604,711 $3,95 $— Machinery and Equipment $— $— $6,000 Administrative Recharge $6,000 $— Debt Service $3,875, $3,793,3 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 • FY 2016 FY 2017 U FY 2018 -134- ECONOMIC DEVELOPMENT Administration Overview Our department provides professional leadership in economic development, downtown redevelopment, riverfront and industrial development; and supervises programs to meet the social, economic and physical development in our community. The Parking Division and the Transit Division are managed through Economic Development. • Transit promotes public private partnerships in transportation and explores and implements transportation opportunities that enhance the social, economic and environmental well-being of the City of Dubuque. • Parking strives to promote a positive parking experience while maintaining the parking system and enforcing, in a fair and equitable manner, the parking regulations in Downtown Dubuque. Economic Development offers many different financial incentives to encourage property development/improvement and job creation. Administration Funding Summary FY 2016 FY 2017 FY 2018 Actual Budget Requested Expenditures 12,828,054 9,493,156 9,908,628 Resources 12,236,411 9,194,548 9,285,340 Administration Position Summary FY 2018 Economic Development Director 1.00 Economic Development Project Coordinator 1.00 Confidential Account Clerk 0.50 Total FT Equivalent Employees 2.50 Highlights of the Past Year • This past year saw the completion of several residential properties, as well as mixed use buildings in the Washington Neighborhood and along the Central Avenue Corridor. • Along the Central Corridor, Economic Development has partnered with Iowa State University to conduct a building and business inventory. This information will be used to continue to create economic development opportunities for building owners and businesses in the Corridor. -135- ECONOMIC DEVELOPMENT • Several development agreements have been negotiated this past year: in the Industrial Center West, Roasting Solutions (Verena Street Coffee) has constructed a new facility, adding 10 jobs in the coming years; Rite Hite is expanding its operations facility, adding 24 jobs in the coming years; and in the downtown area, 1501 Jackson Street is being renovated into 12 apartments in the former school on the St. Mary's campus. • Expansion of the English Ridge Housing Urban Renewal Area, assisting in the development of 205 residential properties in the Area, as well as generating approximately $3.2 million for affordable housing throughout the Dubuque community. • Concentrated efforts in the redevelopment of the South Port area through an EPA Brownfields Area Wide Planning grant. Future Initiatives • Economic Development staff has begun the process of becoming a Certified Site with the Iowa Economic Development Authority. This certification process will place portions of the Dubuque Industrial Center West on the State's website as a "development ready" site - making it more marketable to national firms seeking a new location. Performance Measures Community Development - Activity Statement Identify resources and partnerships within a broad context of economic development approaches to improve the quality of life for the citizens of Dubuque. Goal: Economic Prosperity Outcome#1: Improve the economic health of our community When the income of an area rises, it indicates that businesses are performing well and residents have more money to spend, increasing the overall standard of living. Provide financial tools for businesses to develop and prosper Encourage local businesses to improve their sustainability and profitability by developing their offerings of sustainable products and services and their use of sustainable products, services, and practices. Create/Attract new jobs and businesses in the sustainability sectors. Tax Increment Financing (TIF) -An incentive program which captures the increased property taxes a business pays from improving their property. This incentive can be used to help pay for needed infrastructure improvements or to provide grants to the business. Businesses must commit to job creation in the community or must have an extraordinary positive impact for the community to offer this incentive. -136- ECONOMIC DEVELOPMENT Development Agreements We work with developers and businesses to prepare a tailored agreement that corresponds with their expansion/development plans, as well as meets City Council's objectives of local expansion, affordable market rate housing creation, and job creation. Our staff currently monitor approximately 90 development agreements to ensure that the developers/employers meet the requirements within the agreements, which include required minimum physical improvements, timing of improvements and job creation. Staff also monitor and prepare Tax Increment Financing rebates as outlined in the agreements. Outcome #2: Facilitate the development of a Place-Based Economy This effort is crucial to strengthening the roots of our locally owned businesses and enhancing Dubuque as a pro-business city and entrepreneurial environment Focus on growing the local economy, which is deeply rooted in our geographic, physical and human capital strengths, for long term economic stability. This is an opportunity to center on strong place development throughout the city, building a unique city form and fabric that continues to attract a talented workforce and fosters collaboration. Downtown Rehabilitation Loan Program -This includes façade, design and financial planning grants and low interest loans. Downtown Housing Incentive - Funds rehabilitation of vacant downtown buildings into affordable, market rate rental housing. Washington Neighborhood Facade Grant Program - Provides façade funds to owners of commercial property within the Washington Neighborhood with preference given to buildings along the Central Avenue Corridor between 11th and 22nd streets. Lease Agreements/Land Management - Economic Development staff assist with negotiating, preparing and monitoring lease agreements for space in the Historic Federal Building, on Riverfront properties, and other City owned properties. Staff work with potential businesses to market the property and space available and negotiate a suitable lease agreement to match the needs of the prospective business with the goals of the City Council. Outcome #3: Workforce Development & Diversity Recruitment and retention of valuable employees is now recognized as one of the most important issues facing corporate America. -137- ECONOMIC DEVELOPMENT Work with Inclusive Dubuque to address inequities identified in our community via their Equity Profile, particularly in the area of economic wellbeing. Land Discounts - The sale of city-owned property to businesses that commit to significant job creation in the community. State of Iowa Programs - High Quality Jobs program, Workforce Housing tax credits, Historic tax credits, and Community Development Block Grant funds are available from the State of Iowa for qualifying projects. Arts & Cultural Affairs Overview The Arts & Cultural Affairs Office works to strengthen the city's arts initiatives and improve coordination between various arts groups by working with the Arts and Cultural Affairs Advisory Commission. Additionally, the Arts & Cultural Affairs Office manages the Art on the River program and administers two City grant programs awarded to local arts and cultural organizations. Arts & Cultural Affairs Funding Summary FY 2016 FY 2017 FY 2018 Actual Budget Requested Expenditures $ 320,361 $ 279,839 $ 281,059 Resources $ — $ — $ — Arts and Cultural Affairs Position Summary FY 2018 Arts &Cultural Affairs Coordinator 0.50 Total FT Equivalent Employees 0.50 Highlights of the Past Year • Coordinated the 11th annual Art on the River Program. • Included large scale sculpture feature • Included Audio guide App Otocast for improved community engagement • Included Youth Tour • Finalized the Master Plan and Presented to Council • Co-ordinated the 1st Annual Arts and Business Luncheon Future Initiatives 1 . Arts and business Symposium-An event focused on how the arts and business can work together better with the opportunity for multiple speakers and a workshop -138- ECONOMIC DEVELOPMENT 2. Arts and Science Alliance - a program that will bring together artists, tradesmen, engineers and IT professionals and students in a collaborative space with the aim of creating or curating multidimensional, technologically infused art with a sustainability focus 3. Art on the River Snow Sculpting Competition - a stat wide competition for snow sculptors to vie for the state title and the opportunity to represent Iowa at the national competition in Geneva 4. Implementation workshop - convening community stakeholders to participate in moving forward with the master plan or assisting the consulting agency in doing so. 5. Junior Commission- a group with members ages 16- 25 that operates as an arm of the Advisory commission. Under the supervision of staff and the commission, this group will work together on initiatives specifically focused on engaging their own age group to assist in the city wide effort to retain young people. 6. Makers spaces - working with economic development to: • increase the visibility of multiple art forms (arts, crafts, music, food, furniture) • create/ source functional spaces for artist • devise financial incentives/ relief for artists • introduce the public to these spaces as a means of recreation and tourism 7. Illumination project - pairing with private sector to illuminate local land marks including but not limited to one or more of the bridges in Dubuque. Performance Measures Arts & Cultural Affairs -Activity Statement Present a visible presence in the community as a proactive leader in the arts community of Dubuque. Leverage resources to help grow Dubuque's creative economy. Goal: Social/Cultural Vibrancy Outcome#1: Coordinate the Arts and Culture Special Projects Grant Program and distribution of annual operating budget support -139- ECONOMIC DEVELOPMENT Since 2005, the City of Dubuque has provided over$2.6 million to area arts and culture organizations and other non-profits for programs that reach thousands of Dubuque adults and children each year. ORGANIZATION GRAND TOTAL Bell Tower Productions $ 187,583.20 Clarke University $ 10,872.00 Colts Drum& Bugle $ 340,057.00 Downtown Dubuque Christian Outreach $ 2,800.00 Dubuque Arboretum $ 66,382.15 Dubuque Area Arts Collective $ 5,429.00 Dubuque Arts Council $ 65,630.56 Dubuque Chorale $ 19,231.66 Dubuque Community School Foundation $ 2,995.00 Dubuque County Fine Arts Society $ 29,624.25 Dubuque County Historical Society $ 518,639.00 Dubuque Main Street/Downtown CC $ 41,441.00 Dubuque Museum of Art $ 275,063.16 Dubuque Symphony Orchestra $ 478,144.00 Fly-By-Night Productions $ 23,205.96 Four Mounds Foundation $ 55,922.00 Friends of Mines of Spain $ 5,000.00 Grand Opera House $ 263,466.56 Healing Moments $ 3,000.00 JDIFF/Get Reel $ 35,977.72 Loras College $ 22,627.00 Matter/Dubuque Art Center $ 19,982.00 Multicultural Family Center $ 5,175.00 Music Men $ 448.28 Northeast Iowa School of Music $ 104,738.01 Rising Star Theatre Co $ 11,981.34 St. Mary's/Steeple Square $ 14,505.00 Studio Works $ 2,800.00 Voices Productions $ 7,231.00 TOTAL $ 2,619,951.85 / DID YOU KNOW? The non-profit arts and culture industry in Dubuque generates$47.2 million in annual economic activity, supporting 1,530 full-time equivalent jobs and generates $5 million in local and state government revenues and$36.7 million in household income to local residents. -140- Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT FY15 Actual FY16 Actual FY17 Adopted FY18 Recomm'd Fund Account Account Title Revenue Revenue Budget Budget 210 41110 TAX ON AGRICULTURAL LAND 668 0 0 0 210 41205 TAX INCREMENT RECEIPTS 3,630,677 3,524,268 3,785,548 3,829,207 215 41205 TAX INCREMENT RECEIPTS 0 172,030 294,136 143,513 216 41205 TAX INCREMENT RECEIPTS 0 0 0 201,103 225 41205 TAX INCREMENT RECEIPTS 426,801 403,527 465,223 521,259 229 41205 TAX INCREMENT RECEIPTS 4,889 0 0 0 231 41205 TAX INCREMENT RECEIPTS 17,718 14,989 18,555 19,585 240 41205 TAX INCREMENT RECEIPTS 6,291,523 5,605,884 6,548,168 7,188,765 243 41205 TAX INCREMENT RECEIPTS 25,941 3,458 1,019 0 41-TAXES 10,398,217 9,724,156 11,112,649 11,903,432 241 43105 INTEREST,LOANS 52,300 50,812 0 60,000 210 43110 INVESTMENT EARNINGS 15,619 18,180 0 0 225 43110 INVESTMENT EARNINGS 1,672 1,225 0 0 240 43110 INVESTMENT EARNINGS 111,681 129,884 0 0 241 43110 INVESTMENT EARNINGS 6,440 9,018 0 4,000 243 43110 INVESTMENT EARNINGS 379 433 0 0 400 43110 INVESTMENT EARNINGS 0 2,730 0 0 100 43242 RENT,FARM LAND 1,755 53,962 0 53,962 241 43405 PRINCIPAL,LOANS 116,806 340,494 0 240,000 43-USE OF MONEY AND PROPERTY 306,652 606,738 0 357,962 400 44100 BAB SUBSIDY NON GRANT 24,393 23,633 24,399 23,633 44-INTERGOVERMENTAL 24,393 23,633 24,399 23,633 210 45787 I&C PROPERTY TAX REPLAC 187,732 372,267 399,178 403,319 225 45787 I&C PROPERTY TAX REPLAC 20,769 43,812 50,828 52,308 240 45787 I&C PROPERTY TAX REPLAC 91,702 244,786 279,750 282,272 45-STATE GRANTS 300,203 660,865 729,756 737,899 100 51919 DBQ INITIATIVES PAYMENT 20,400 24,400 24,400 24,400 51-CHARGES FOR SERVICES 20,400 24,400 24,400 24,400 240 53102 PRIVATE PARTICIPANT 127,021 350,970 0 0 100 53610 INSURANCE CLAIMS 375 0 0 0 100 53620 REIMBURSEMENTS-GENERAL 1,947 6,558 0 0 241 53620 REIMBURSEMENTS-GENERAL 0 3,073 0 0 53-MISCELLANEOUS 129,343 360,601 0 0 210 54105 LAND SALES 0 432,000 0 0 240 54105 LAND SALES 0 22,181 0 0 400 54210 GO BOND PROCEEDS 0 3,375,000 0 0 400 54220 BOND DISCOUNT 0 190,713 0 0 54-OTHER FINANCIAL SOURCES 0 4,019,894 0 0 240 59100 FR GENERAL 218,808 0 0 0 400 59100 FR GENERAL 0 135,000 135,000 135,000 100 59210 FRDICW TIF 291,295 139,846 270,613 275,613 240 59210 FRDICW TIF 5,075 0 0 0 -141- Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT FY15 Actual FY16 Actual FY17 Adopted FY18 Recomm'd Fund Account Account Title Revenue Revenue Budget Budget 400 59210 FRDICW TIF 1,807,678 1,808,922 1,849,037 1,854,927 240 59212 FR TIF QUEBECOR 29,108 0 0 0 100 59215 TRANSFER FROM N CASCADE 5,550 348 0 0 100 59225 FR TECH PARK SOUTH 3,956 0 0 0 400 59225 FR TECH PARK SOUTH 262,020 253,280 269,250 267,200 100 59240 FR DOWNTOWN TIF 4,690 7,694 5,272 105,254 230 59240 FR DOWNTOWN TIF 6,226 0 0 0 400 59240 FR DOWNTOWN TIF 1,551,840 1,659,096 1,597,605 1,536,265 210 59255 FR SPECIAL ASSESSMENT 0 24,886 0 0 210 59360 FR GENERAL CONSTR FUND 1,283,321 0 0 0 240 59360 FR GENERAL CONSTR FUND 143,331 0 0 0 210 59400 FR GO DEBT SERVICE 24,393 0 0 0 100 59610 FR WPC OPERATING 106,232 53,652 113,076 0 100 59620 FR STORMWATER OPERATING 21,063 37,447 36,023 0 100 59630 FR PARKING OPERATING 18,858 19,320 18,585 0 240 59630 FR PARKING OPERATING 46,288 0 0 0 100 59640 FR WATER UTILITY 103,146 0 0 0 100 59670 FR REFUSE COLLECTION 137,509 145,524 139,988 0 100 59940 FRDMASWA 59,626 59,781 57,507 0 59-TRANSFER IN AND INTERNAL 6,130,013 4,344,796 4,491,956 4,174,259 60-ECONOMIC DEVELOPMENT TOTAL 17,309,221 19,765,083 16,383,160 17,221,585 -142- Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT FY15 Actual FY16 Actual FY17 Adopted FY 18 Recomm'd Fund Account Account Title Expense Expense Budget Budget 100 61010 FULL-TIME EMPLOYEES 190,557 164,334 163,970 175,804 100 61020 PART-TIME EMPLOYEES 4,640 34,756 43,208 44,850 100 61030 SEASONAL EMPLOYEES 23,702 5,548 100 61050 OVERTIME PAY 1,176 100 61092 VACATION PAYOFF 1,901 100 61310 IPERS 19,608 17,779 18,502 19,704 100 61320 SOCIAL SECURITY 16,110 13,667 15,850 16,880 100 61410 HEALTH INSURANCE 57,120 32,275 31,800 31,800 100 61415 WORKMENS'COMPENSATION 1,482 1,032 1,001 1,011 100 61416 LIFE INSURANCE 170 129 327 352 100 61417 UNEMPLOYMENT INSURANCE 6,240 100 61660 EMPLOYEE PHYSICALS 122 373 61-WAGES AND BENEFITS 316,588 276,133 274,658 290,401 100 62010 OFFICE SUPPLIES 381 875 1,112 892 100 62030 POSTAGE AND SHIPPING 329 275 718 275 100 62061 DP EQUIP.MAINT CONTRACTS 15,764 17,733 18,316 19,222 100 62090 PRINTING&BINDING 87 283 912 289 100 62110 COPYING/REPRODUCTION 1,085 539 1,257 539 100 62130 LEGAL NOTICES&ADS 1,507 3,859 978 777 100 62190 DUES&MEMBERSHIPS 605 550 1,425 561 241 62204 REFUNDS 225 100 62206 PROPERTY INSURANCE 8,520 8,571 8,897 7,469 100 62208 GENERAL LIABILITYINSURAN 1,605 2,147 1,121 1,165 100 62211 PROPERTY TAX 684 1,000 100 62230 COURT COSTS&RECORD FEES 304 2,635 215 100 62310 TRAVEL-CONFERENCES 21,734 4,105 16,925 16,925 100 62320 TRAVEL-CITY BUSINESS 13,019 35,482 34,200 34,200 100 62340 MILEAGE/LOCAL TRANSP 250 50 100 62360 EDUCATION&TRAINING 1,690 39 715 715 100 62415 UTILITY EXPENSE STORMWATR 256 238 272 254 100 62421 TELEPHONE 4,945 3,870 4,201 2,661 100 62436 RENTAL OF SPACE 1,136 1,140 1,008 1,008 100 62663 SOFTWARE LICENSE EXP 90 83 100 48 100 62712 CONSULTING ENGINEERS 7,476 100 62713 LEGAL SERVICES 20,930 10,519 5,000 10,000 400 62713 LEGAL SERVICES 2,332 100 62716 CONSULTANT SERVICES 193,697 400 62721 FINANCIAL CONSULTANT 5,729 400 62731 MISCELLANEOUS SERVICES 30,458 100 62736 CATERING SERVICES 168 100 62737 CONTRACT ADM SERVICE 1,450,235 1,610,731 1,668,934 1,803,366 265 62737 CONTRACT ADM SERVICE 75,000 100 62756 SPIRIT RELATED EXPENSE 1,500 -143- Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT FY15 Actual FY16 Actual FY17 Adopted FY 18 Recomm'd Fund Account Account Title Expense Expense Budget Budget 100 62761 PAY TO OTHER AGENCY 36,476 36,389 35,000 35,000 210 62761 PAY TO OTHER AGENCY 1,711,534 1,703,519 1,863,304 1,941,017 215 62761 PAY TO OTHER AGENCY 32,327 45,517 77,269 216 62761 PAY TO OTHER AGENCY 31,632 225 62761 PAY TO OTHER AGENCY 188,535 204,960 213,882 277,084 229 62761 PAY TO OTHER AGENCY 11,484 2,445 231 62761 PAY TO OTHER AGENCY 16,245 13,905 10,896 13,233 240 62761 PAY TO OTHER AGENCY 1,713,560 1,234,537 1,471,112 1,618,528 243 62761 PAY TO OTHER AGENCY 13,505 100 62765 GRANTS 210,000 210,130 210,000 210,000 62-SUPPLIES AND SERVICES 5,446,470 5,456,746 5,617,052 6,105,894 400 62724 BOND PAYING AGENT FEE 309 627-CONTRACTUAL SERVICES 309 100 71123 SOFTWARE 512 71-EQUIPMENT 512 400 74111 PRINCIPAL PAYMENT 2,544,706 6,110,240 2,720,355 2,769,154 400 74112 INTEREST PAYMENT 1,101,226 1,299,298 1,154,930 1,024,238 74-DEBT SERVICE 3,645,932 7,409,538 3,875,285 3,793,392 100 91100 TO GENERAL 6,000 6,000 6,000 210 91100 TO GENERAL 291,295 139,846 417,799 275,613 215 91100 TO GENERAL 5,550 348 225 91100 TO GENERAL 3,956 240 91100 TO GENERAL 4,690 142,398 139,976 239,958 400 91210 TO DICW 24,393 240 91230 TRANSFER TOE 7TH STRET 6,226 210 91240 TO GR DOWNTOWN TIF 5,075 212 91240 TO GR DOWNTOWN TIF 29,108 210 91360 TO GENERAL CONSTRUCTION 621,491 452,260 1,860,000 215 91360 TO GENERAL CONSTRUCTION 663,202 610,230 216 91360 TO GENERAL CONSTRUCTION 82,267 240 91360 TO GENERAL CONSTRUCTION 143,331 1,146,510 503,742 210 91400 TO DEBT SERVICE 1,807,678 1,808,922 1,849,037 1,854,927 215 91400 TO DEBT SERVICE 13,439 225 91400 TO DEBT SERVICE 262,020 253,280 269,250 267,200 240 91400 TO DEBT SERVICE 4,456,528 4,570,286 4,532,877 4,448,825 240 91630 TO PARKING OPERATIONS 340,000 282,000 280,000 240 91730 TO PARKING CONSTRUCTION 85,000 91-TRANSFER TO 7,385,850 7,542,571 9,772,350 10,507,762 60-ECONOMIC DEVELOPMENT TOTAL 16,795,352 20,684,988 19,539,345 20,697,449 -144- Recommended Expenditure Budget Report by Activity & Funding Source 60-ECONOMIC DEVELOPMENT GDTIF ECON DEV EXPENSJS -60200 FUNDING SOURCE:GENERAL Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 7,694 5,272 5,254 GDTIF ECON DEV EXPENSES 7,694 5,272 5,254 TIF-DBQ INDUST CTR WEST -60210 FUNDING SOURCE:TIF-METRIX/NORDSTROM Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 1,703,519 1,863,304 1,941,017 TRANSFER TO 2,570,259 2,719,096 3,990,540 TIF-DBQ INDUST CTR WEST 4,273,778 TIF-QUEBECOR -60212 FUNDING SOURCE:TIF-QUEBECOR Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget TRANSFER TO 0 0 0 TIF-QUEBECOR 0 N CASCADE HOUSING TIF -60215 FUNDING SOURCE:N CASCADE HOUSING TIF Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 32,327 45,517 77,269 TRANSFER TO 348 676,641 610,230 N CASCADE HOUSING TIF 32,676 ENGLISH RIDGE HOUSING TIF- 60216 FUNDING SOURCE:ENGLISH RIDGE HOUSING TIF Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 0 0 31,632 TRANSFER TO 0 0 82,267 ENGLISH RIDGE HOUSING TIF 0 TIF- TECH PAOUTIj -60225 FUNDING SOURCE:GENERAL Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 204,960 213,882 277,084 TRANSFER TO 253,280 269,250 267,200 -145- Recommended Expenditure Budget Report by Activity & Funding Source 60-ECONOMIC DEVELOPMENT TIF-TECH PARK SOUTH 458,240 HOLY GHOST TIF -60241111111 FUNDING SOURCE:TIF-HOLY GHOST Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 2,445 0 0 HOLY GHOST TIF 2,445 0 LAKE RIDGE TIF -602311.1 FUNDING SOURCE:TIF-LAKE RIDGE Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 13,905 10,896 13,233 LAKE RIDGE TIF 13,905 10,896 TIF-GREATER DOWNTOWN -60240 FUNDING SOURCE:TIF-DOWNTOWN Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 1,234,537 1,471,112 1,618,528 TRANSFER TO 4,712,684 6,101,363 5,557,525 OM TIF-GREATER DOWNTOWN 5,947,221 7,572,47 7,176,053 TIF-GREATER DT LOAN POOL-60241 FUNDING SOURCE:TIF-DOWNTOWN LOAN POOL Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 0 0 0 TIF-GREATER DT LOAN POOL 0 19M DBQ BREWING&MALTING TIF-60243 FUNDING SOURCE:DBQ BREWING MALTING Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 0 0 0 DBQ BREWING&MALTING TIF 0 0El ECONOMIC DEVELOPMENT -60400 FUNDING SOURCE:DEBT SERVICE Account FY16 Actual Expense FY17 Adopted Budget FY18 Reconnn'd Budget DEBT SERVICE 135,000 135,000 135,000 CONOMIC DEVELOPMENT 135,000 135,000 '1,=_i_';i:_H -146- Recommended Expenditure Budget Report by Activity & Funding Source 60-ECONOMIC DEVELOPMENT N CASCADE HOUSING60550 IMIillill FUNDING SOURCE:GENERAL Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 348 0 0 N CASCADE HOUSING TIF 348 0 0 DERBY GRANGE TIF -60560 FUNDING SOURCE:GENERAL Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 10,000 0 0 DERBY GRANGE TIF 10,000 = DICW ECON DEV EXPENSES -606 FUNDING SOURCE:GENERAL Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 139,846 0 5,000 DICW ECON DEV EXPENSES 139,846 ECONOMIC DEVELOPMENT -60700 FUNDING SOURCE:GENERAL Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget EQUIPMENT 0 0 0 SUPPLIES AND SERVICES 1,769,363 1,755,569 1,886,222 TRANSFER TO 6,000 6,000 0 WAGES AND BENEFITS 248,772 246,319 259,997 r ECONOMIC DEVELOPMENT 2,024,135 2,007,888 2,146,219 WASHINGTON NEIGH DEVELOP-60900 FUNDING SOURCE:GENERAL Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 42 0 0 WAGES AND BENEFITS 6,240 0 0 WASHINGTON NEIGH DEVELOP 6,282 GDTIF DEBT SERVICE FUNDING SOURCE:DEBT SERVICE Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget CONTRACTUAL SERVICES 18 0 0 DEBT SERVICE 1,868,252 1,597,605 1,536,265 SUPPLIES AND SERVICES 2,283 0 0 Millir- —w GDTIF DEBT SERVICE 1,870,553 Milli -147- Recommended Expenditure Budget Report by Activity & Funding Source 60-ECONOMIC DEVELOPMENT TECH PK DEBT SERVICE -6092 FUNDING SOURCE:DEBT SERVICE Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget DEBT SERVICE 253,280 269,250 267,200 ECH PARK DEBT SERVICE 253,280 269,250 DICW DEBT SERVICE -60930 MI FUNDING SOURCE:DEBT SERVICE Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget CONTRACTUAL SERVICES 291 0 0 DEBT SERVICE 5,153,006 1,873,430 1,854,927 SUPPLIES AND SERVICES 36,237 0 0 TRANSFER TO 0 0 0 DICWDEBT SERVICE 5,189,534 1,873,430 1,854,927 ARTS AND CULTURAL AFFAIRS-72500 AlMi FUNDING SOURCE:GENERAL Account FY16 Actual Expense FY17 Adopted Budget FY18 Recomm'd Budget SUPPLIES AND SERVICES 299,241 251,500 250,655 WAGES AND BENEFITS 21,120 28,339 30,404 M ARTS AND CULTURAL AFFAIRS 320,361 279,839 281,059 ECONOMIC DEVELOPMENT TOTAL $20,685,295.96 $19,539,345.00 $20,697,449.00 -148- CITY OF DUBUQUE , IOWA DEPARTMENT DETAIL- PERSONNEL COMPLEMENT 60 ECONOMIC DEVEL DEPT FY 2016 FY 2017 FY 2018 FD JC WP-GR JOB CLASS FTE BUDGET FTE BUDGET FTE BUDGET 61010 Full Time Employee Expense 100 5900 GE-43 ECONOMIC DEVELOP DIRECTOR 1.00 $ 111,759 1.00 $ 114,172 1.00 $ 122,501 100 GE-30 PROJECT MANAGER 1.00 $ 47,432 1.00 $ 49,798 1.00 $ 53,303 TOTAL FULL TIME EMPLOYEES 2.00 $ 159,191 2.00 $ 163,970 2.00 $ 175,804 61020 Part Time Employee Expense 100 225 GE-25 CONFIDENTIAL ACCOUNT CLERK 0.50 $ 23,101 0.50 $ 18,481 0.50 $ 18,850 100 1210 GE-30 ARTS&CULTURAL AFFAIRS COORD 0.50 $ 23,716 0.50 $ 24,231 0.50 $ 26,000 TOTAL PART TIME EMPLOYEES 1.00 $ 46,817 1.00 $ 42,712 1.00 $ 44,850 TOTAL ECONOMIC DEVEL DEPT 3.00 $206,008 3.00 $ 206,682 3.00 $ 220,654 -149- CITY OF DUBUQUE,IOWA ACTIVITY PERSONNEL COMPLEMENT SUMMARY FY 2016 FY 2017 FY 2018 ACCT FD JC WP-GR POSITION CLASS FTE BUDGET FTE BUDGET FTE BUDGET Economic Development-FT General Fund 10060700 61010 100 5900 GE-43 ECONOMIC DEVELOP DIRECTOR 1.00 $111,759 1.00 $114,172 1.00 $122,501 10060700 61010 100 2075 GE-30 PROJECT MANAGER 1.00 $ 47,432 1.00 $ 49,798 1.00 $ 53,303 Total 2.00 $159,191 2.00 $163,970 2.00 $175,804 Economic Development-PT General Fund 10060700 61020 100 225 GE-25 ACCOUNT CLERK CONFIDENT 0.50 $ 23,101 0.50 $ 18,481 0.50 $ 18,850 Total 0.50 $ 23,101 0.50 $ 18,481 0.50 $ 18,850 Arts and Cultural Affairs-PT General Fund 10072500 61020 100 1210 GE-30 ARTS&CULTURAL AFFAIRS COORD. 0.50 $ 23,716 0.50 $ 24,231 0.50 $ 26,000 Total 0.50 $ 23,716 0.50 $ 24,231 0.50 $ 26,000 TOTAL ECONOMIC DEV. DEPT 3.00 $206,008 3.00 $206,682 3.00 $220,654 -150- Capital Improvement Projects by Department/Division ECONOMIC DEVELOPMENT CIP Capital Improvement Project FY 15 Actual FY 16 Actual FY 17 Adopted FY 18 Recomm'd Number Title Expense Expense Budget Budget 1002279 IFA DT HOUSING LOAN POOL 135,000 - 135,000 135,000 1002567 DT BROVVNFIELDS ASSESSMENT 40,452 88,990 - - 1002567H DT BROVVNFIELDS ASSESSMENT 41,180 94,979 - - 2411033 LOAN POOL,DOWNTOWN TIF 302,186 600,000 - - 2411942 DOWNTOWN REHAB GRANT PROG 55,000 96,393 - - 2601235 COMM/IND REHAB LOAN CDBG 175,000 - - - 2632341 CDBG GRANT-CARADCO 2,246,261 16,291 - - 2651247 HISTORIC PRES.REV.LOAN 27,621 - 9,270 9,270 3502680 ECON DEV SOFTWARE - - 20,000 - 3601842 WORKFORCE DEVELOPMENT 310,000 279,000 310,000 310,000 3602160 DESIGN SOUTH SIEGERT FARM 112,483 4,025 - - 3602436 WASH NEIGH BUSINESS INCEN 68,741 38,259 - - 3602437 FUTURE IND ACQUISITIONS 2,136,203 3,483,442 - - 3602439 MILLWORK DT INCENTIVES 760,000 160,000 - - 3602561 CENTRAL STREETSCAPE PLAN - - - 20,000 3602679 CENTRAL AVE COORIDOR INIT - - 40,000 40,000 3602725 DIC MCFADDEN SIGNS - - - 50,000 7001853 ART IN PORT OF DUBUQUE 23,590 16,495 - - ECONOMIC DEVELOPMENT TOTAL 6,433,717 4,877,874 514,270 564,270 -151- PRGRM/ DEPT PROJECT DESCRIPTION FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 TOTAL PAGE ECONOMIC DEVELOPMENT Community and Economic Development Workforce Development $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ 310,000 $1,550,000 325 Historic Preservation Revolving Loan $ 9,270 $ 9,270 $ 9,270 $ 9,270 $ - $ 37,080 326 Central Avenue Streetscape Master Plan Implementation $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 100,000 327 Central Ave Corridor Initiative $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 200,000 329 Downtown Rehabilitation Loan Program $ - $ 300,000 $ 300,000 $ 300,000 $ - $ 900,000 332 Dbq Industrial Center Signs $ 50,000 $ 50,000 $ - $ - $ - $ 100,000 334 Dubuque Industrial Center South Signs $ - $ 50,000 $ 50,000 $ - $ - $ 100,000 335 Washington Neighborhood Facade Program $ - $ 50,000 $ - $ 50,000 $ 50,000 $ 150,000 336 Historic Millwork District Subarea Building Incentive& Rehabilitation $ - $ - $ 20,000 $ 70,000 $ 70,000 $ 160,000 338 Washington Neighborhood Subarea Building Incentive& Rehabilitation Program $ - $ - $ - $ 100,000 $ 100,000 $ 200,000 340 Downtown Housing Improvement $ - $ - $ - $ 100,000 $ 100,000 $ 200,000 342 Downtown Housing Creation Program $ - $ - $ - $ 100,000 $ 100,000 $ 200,000 344 Downtown Rehab Grant Program $ - $ - $ - $ 100,000 $ 100,000 $ 200,000 346 Development of Graf Properties $ - $ - $ - $ - $ 200,000 $ 200,000 348 Develop McFadden Property $ - $ - $ - $ - $ 200,000 $ 200,000 349 Total- Economic Development $ 429,270 $ 829,270 $ 749,270 $1,199,270 $1,290,000 $4,497,080 -152- i• \.41M/ DUBUQUEi. Irr s-4 MAIN STREET io 59 MAIN STREET • DU B UO U E • IOWA.• 5z o of-47 24 [563158 8-4400 • [563]5 88-064 5-FAX •WWV,- DU B U OU E MA I N ST RE ET.ORG - Thank you for considering continuing our partnership with an investment in Dubuque Main Street. - 2016 Year in Review o $63 million dollars in new private investments made in downtown Dubuque properties. o 11 net new businesses opened in downtown Dubuque. o 13 newly occupied store fronts in downtown Dubuque. o Provided 20 businesses with complimentary Main Street Iowa architectural design assistance. o Grew the Dubuque Farmer's Market to over 150 vendors. From 5 to 60 accepting Supplementary Nutrition Assistance Program (SNAP) payments. o Enacted 2 new innovative programs at the Dubuque Farmer's Market, Double Up Food Bucks and a Kids at Market. o Awarded a$50,000.00 Challenge Grant to the soon-to-open Key City Creative Center o Distributing over$65,000.00 in Central Avenue Challenge Grant funds for facade improvements and $75,000.00 in Challenge Grant Funds to Smokestack. o Brought more than 30,000 people to downtown Dubuque through 8 promotional events, including Dubuque and All that Jazz,Architecture Days, Fall into Art, Puttzin Around Downtown and a Human Foosball Tournament. o Direct investment of over$45,000.00 in the continued rehabilitation of our commercial property at 1838 Central Avenue. o Provided festival and Farmers Market space access to over 8,000 citizens for Teska's Imagine Dubuque Master Plan public input request. o Added a part-time employee. - Priorities for 2017 o Enter Market Analysis 201 with Main Street Iowa endeavoring to be even more aggressive in our Micro Recruiting effort, focusing on the Central Avenue corridor. - o Work toward 100%food vendor participation in the '14'-'71 11 III ' SNAP program. o Become the top broad-based,organizational 4g ,11 -- i advocate for implementation of the ARTS Masterplan. ® 1 o Obtain Grant dollars for a downtown Dubuque entrepreneur in IEDA's Open for Business Mg J Competition. o Engage with private property owners in a build a block pop-up commercial event. _ -- A. MAIN STREET IOWA. A.F FI L IA.T E Economic Development FY 2017 REVIEW & FY 2018 BUDGET Economic Development Umbrella Economic Development Division Transit –“The Jule” Parking Division Arts & Culture Department Organizational Chart Director Project Coordinator PT Arts Coordinator PT Account Clerk Transit Manager Parking Division Economic Development Programs Urban Renewal (TIF) Urban Revitalization Downtown Rehabilitation Grants (Façades) Downtown Housing Incentives Development Agreements Tax Increment Financing (TIF) Downtown Façade & Rehabilitation Projects 2062 White Street Before… Downtown Façade & Rehabilitation Projects 2062 White Street During… Downtown Façade & Rehabilitation Projects 2062 White Street After… Historic Millwork District Progress Historic Millwork District Progress First phase of the Novelty Ironworks Building project completed Plans announced for four -story, 84 -room Marriott TownePlace Suites extended-stay hotel for 1100 Jackson St. Plans announced for office and retail space at 1065 Jackson St. Makeshift Motors expanding & relocating to 1101 Jackson St. 7 Hills Brewing Co. remodeling 1085 Washington St. into a brewery scheduled to open in spring 2017. Brownfield Programs –EPA Grants – Assessment, Planning, Redevelopment Industrial Center West/South – Roasting Solutions Industrial Center West/South – Rite Hite Tech Park – Rockfarm & Kunkel Housing Urban Renewal Areas – English Ridge, North Cascade Road Proposed Housing Urban Renewal Areas – Derby Grange, South Pointe State of Iowa Programs High Quality Jobs Provides qualifying businesses tax credits and direct financial assistance to off-set the cost incurred to locate, expand or modernize an Iowa facility. Iowa Industrial New Jobs Training (260E) Provides businesses, which are expanding their Iowa workforce, with new employee training –administered by NICC in Dubuque. Revitalize Iowa Sound Economy (RISE): Provides assistance in promoting economic development in Iowa through the construction or improvement of Iowa roads. State of Iowa Programs Brownfield Tax Credit Brownfield sites are abandoned, idled or underutilized industrial or commercial properties where real or perceived environmental contamination prevents productive expansion or redevelopment Grayfield Tax Credit Grayfield sites are industrial/commercial properties that are vacant, blighted, obsolete or underutilized State Historic Tax Credit (SHTC): Tax credit equal to 25% of qualified historic preservation expenses. Federal Programs New Markets Tax Credits (NMTC): Tax incentive provided to private investors that infuse capital into businesses or projects in low-income communities. Federal Historic Tax Credit (FHTC): Tax credit equal to 20% of qualified historic preservation expenses. Encouraging legislators to support this credit in new tax code. CIP (FY18 –FY22) 2018-2022 Downtown Rehabilitation Loan Program $900,000 Historic Millwork District Subarea Building Incentive $160,000 & Rehabilitation Program Washington Neighborhood Subarea Building Incentive $200,000 & Rehabilitation Program Washington Neighborhood Façade Program $150,000 Downtown Housing Creation Program $200,000 CIP (FY18 –FY22) 2018-2022 Central Avenue Streetscape Master Plan Implementation $100,000 Workforce Development $1,550,000 Historic Preservation Revolving Loan Fund $37,080 Downtown Housing Improvement Program $200,000 Downtown Rehabilitation Grant Program $200,000 CIP (FY18 –FY22) 2018-2022 Central Avenue Corridor Initiative $200,000 Dubuque Industrial Center McFadden Signs $100,000 Dubuque Industrial Center South Signs $100,000 Development of Graf Properties $200,000 Development of McFadden Properties $200,000 Improvement Package Dubuque City Expo $1,500 Arts and Cultural Affairs ACTIVITY OF 2016 Arts and Cultural Master Plan A •Promote and Support Arts and Culture as Dubuque’s Competitive Edge B •Boost Capacity for Arts and Culture to Thrive C •Foster Engagement at All Levels D •Cultivate Connections Master Plan Implementation The Arts and Cultural Affairs Advisory Commission has identified five (5) Task forces that must be assembled to implement the 10 year plan. •Public Art and Infrastructure •Accessibility , Equity and Inclusion •Creative Economy Artists and Entrepreneurship •Capacity and Investment •Branding and Communication Art on the River initiatives 1st ever feature piece, Dubuque’s own, Continuum was installed Launch of Otocast free, interactive, GPS guided, audio guide App available in the Apple Store & Google play provided in partnership with American Trust 1st ever Youth Tour of the exhibit hosted approx. 20 kids Featured on the cover of Big River magazine and in River Cities Reader publication Community Engagement Initiatives 90 participants engaged over 25 local businesses and organizations Moving toward the creation of the Arts and Business Council Improvement/expansion opportunities ART ON THE RIVER Funding Private /Public partnership Expansion of Program to include other public art forms FUTURE INITIATIVES Cultural Heritage grant pilot Arts and Science Alliance Continue engagement and educational possibilities ICC recommendations for grant recipients Independent grant review panels Economic Development – Workforce Challenge Meeting the Workforce Challenge Opportunity Dubuque (as of Dec. 31, 2016): Graduated 434 with job placement or continuing education rate of 98% New Initiatives –Retail Focus Promotion of Storefront space in Central Avenue Corridor Retail Gap Analysis ◦A summary of primary spending gaps, by retail category ◦Measures actual consumer expenditures in trade area, compares to potential retail revenue –the difference reflects “leakages”, folks traveling for certain goods/services ◦Useful tool to gauge retail supply & demand in the community New Partnerships –ISU and WBF 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 2009 2010 2011 2012 2013 2014 2015 PE R C E N T A G E AXIS TITLE Poverty in Iowa Ames city, Iowa Cedar Rapids city, Iowa Council Bluffs city, Iowa Davenport city, Iowa Des Moines city, Iowa Dubuque city, Iowa Iowa City city, Iowa Sioux City city, Iowa Waterloo city, Iowa West Des Moines city, Iowa Operations Day -to -Day Operations Manage Development Agreements with annual job certification, coordination with Budget Office on semi-annual TIF rebate payments 50 active portfolios + closed portfolios: Over 3,100 retained jobs Over 5,700 created jobs Over 300 downtown residential units complete 70 affordable assisted living units Over $500,000,000 capital investment leveraged Day -to -Day Operations •Dubuque Initiatives staff support (monthly board meetings, asset management, coordination with property management staff) •Legislative/Policy review (coordination with Government Liaison on Tax Increment Financing, Historic Tax Credit, Workforce Housing, Small Business issues) •Urban Renewal Development/Amendments (maintain state/local compliance, amend areas as needed for City goals) •EPA Brownfields Grant Administration (currently $600,000 in grants) Contracted Services Dubuque Convention & Visitors Bureau $1,075,917 Dubuque Area Labor Management Council $27,000 Dubuque Main Street $74,276 Greater Dubuque Development Corporation $786,088 Prosperity Eastern Iowa $5,085 America’s River Corporation [Festival]$10,000 Inclusive Dubuque (Community Foundation)$67,500 Project HOPE (Community Foundation)$67,500 Results –Job Creation Low Unemployment rate in Dubuque: December 2015: 3.7% December 2016: 3.4%(U.S. average 4.7%) Job Creation & retail expansion 18 new restaurants, 4 new food trucks Expansions: Rite Hite, Cottingham & Butler, Roasting Solutions 45% of 345 Dubuque area businesses plan to expand(Up from 37% in 2015) –(Telegraph Herald, Dec. 29, 2016) Results –Increasing Wages Economic Results Property Tax Rate: •Dubuque has the SECOND LOWEST FY2017 property tax rate ($10.89) of Iowa’s 11 cities with populations over 50,000. •Highest-ranked city (Council Bluffs -$17.75) is 41% higher than Dubuque •Average of 11 cities ($15.31) is 63% higher than Dubuque Home value appreciation: Dubuque had 10.22%increase over past 5 years Thank You THE ECONOMIC DEVELOPMENT DEPARTMENT