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South Pointe Housing Urban Renewal Area - Ordinance Copyrighted March 20, 2017 City of Dubuque Action Items # 2. ITEM TITLE: South Pointe Housing Urban Renewal Area - Ordinance SUMMARY: City Manager recommending review and approval of an ordinance creating a tax increment financing district for the South Pointe Housing Urban Renewal Area. ORDINANCE An Ordinance providing that general property taxes levied and collected each year on all property located within the South Pointe Housing Urban Renewal Area, in the City of Dubuque, County of Dubuque, State of Iowa, by and for the benefit of the State of Iowa, City of Dubuque, County of Dubuque, Dubuque Community School District and other Taxing Districts, be paid to a special fund for payment of principal and interest on loans, monies advanced to and indebtedness, including bonds issued or to be issued, incurred by said City in connection with said South Pointe Housing Urban Renewal Area SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Motion B; Motion A ATTACHMENTS: Description Type South Pointe Housing Ordinance-MVM Memo City Manager Memo Staff Memo Staff Memo LRPAC Memo Supporting Documentation UR Plan Supporting Documentation Attachment A- UR Area Map Supporting Documentation Attachment B1 - Exsting Land Use Supporting Documentation Attachment B2 - Proposed Land Use Supporting Documentation Attachment C - Bonded Indebtedness Supporting Documentation Attachment D - District Boundary Description Supporting Documentation Attachment E - Zoning Map Supporting Documentation Joint Agreement Supporting Documentation Consultation Minutes Supporting Documentation Ordinance Ordinance Suggested Motion Supporting Documentation THE CITY OF Dubuque 1111-Ami.�i �ty DUB 111.► Masterpiece on the Mississippi rP PP 2007.2012.2013 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Tax Increment Ordinance for the South Pointe Housing Urban Renewal Area DATE: March 16, 2017 Economic Development Director Maurice Jones is recommending City Council review and approval of an ordinance creating a tax increment financing district for the South Pointe Housing Urban Renewal Area. The proposed ordinance authorizes utilization of tax increment financing to allow both public and private development efforts in the area. On February 20, 2017 the City Council approved a Resolution of Necessity finding that the proposed area meets the definition of an economic development area under state law, and is appropriate for urban renewal activities. Staff has prepared an Urban Renewal Plan for the area per the directive of the City Council. The plan was reviewed by the Long Range Planning Advisory Commission on March 15, 2017. The Long Range Planning Advisory Commission has forwarded its recommendation to the City Council affirming that the plan is consistent with the City's Comprehensive Plan for development. The primary goal of the plan is to stimulate, through public involvement and commitment, private investment in new housing and residential development. This proposed creation of the South Pointe Housing Urban Renewal Area would result in improved roads and utilities in the designated area, as well as funding to assist with Low Moderate Income housing anywhere within the City. With the 10 year life of the Urban Renewal Area it is projected to generate approximately $12 million in increment with $4.6 million going to affordable housing throughout the community and $2.7 million going to improvements in the area. I concur with the recommendation and respectfully request Mayor and City Council approval. Michael C. Van Milligen MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Maurice Jones, Economic Development Director 2 Dubuque Economic Development Department THE CITY OF 50 West 13th Street All-AmericaCitY Dubuque,Iowa 52001-4864 DUB3 E1 ' Office(563)589-4393 TTY(563)690-6678 http://www.cityofdubuque.org Masterpiece on the Mississippi 200.2012.2013 TO: Michael Van Milligen, City Manager FROM: Maurice Jones, Economic Development Director SUBJECT: Tax Increment Ordinance for the South Pointe Housing Urban Renewal Area DATE: March 16, 2017 INTRODUCTION This memorandum transmits for City Council review and adoption an ordinance creating the tax increment financing district for the South Pointe Housing Urban Renewal Area (Area). The proposed ordinance was reviewed by the City Attorney's Office and City's bond counsel and is attached to this memo. The proposed ordinance would allow both public and private development efforts to benefit from the use of tax increment financing in the district. BACKGROUND On February 20, 2017, the City Council approved Resolution 66-17 finding that the proposed urban renewal area meets the definition of an economic development area under state law, and is appropriate for urban renewal activities. Staff has prepared an Urban Renewal Plan for the district per the directive of the City Council. A consultation process was conducted with the affected taxing entities as required by Chapter 403.5 of the Iowa Code. Prior to the meeting, the taxing entities were mailed copies of the Urban Renewal Plan and the Notice of Public Hearing. The required consultation to discuss, question, or object to the findings in these documents was held on February 28, 2017. There were no representatives from the taxing entities in attendance. Minutes are attached. The Plan was reviewed by the Long Range Planning Commission on March 15, 2017. The Long Range Planning Commission has forwarded its recommendation to the City Council affirming that the Plan is consistent with the City's Comprehensive Plan for development. The public notice of public hearing was published on March 10, 2017 to allow for the appropriate publication requirements. DISCUSSION The primary goal of the Plan is to stimulate, through public involvement and commitment, private investment in new housing and residential development as defined by the Iowa Code Section 403.17(12). This proposed creation of the South Pointe Housing Urban Renewal Area would result in improved roads and utilities in the designated area, as well as funding to assist with LMI housing anywhere within the City. With the 10 year life of the Urban Renewal Area it is projected to generate approximately $12 million in increment with $4.6 million going to affordable housing throughout the community and $2.7 million going to improvements in the Area. See attached financial summary. Adoption of the proposed tax increment ordinance is needed to allow the use of tax increment financing in the Area. The ordinance authorizes the City to establish a special fund for capturing of a portion of the property tax revenues generated as new development occurs the Area. All taxable property located in the Area will continue to pay property taxes based upon the current tax levies and assessment valuations. Tax revenues collected in excess of the base amounts will be used to assist in financing future development projects within the Area, including both public and private development. A portion of the funding will also be used to assist with LMI family housing anywhere within the City. Adoption of the ordinance and certification of debt within the Area prior to December 1 , 2017 will establish a base valuation in the Area as of January 1 , 2016, being the first day of the calendar year preceding the certification of debt in the Area. RECOMMENDATION/ ACTION STEP I recommend that the City Council approve the ordinance attached hereto for the South Pointe Housing Urban Renewal Area. Tax increment financing is an important tool for economic development and will be used to assist future public and private development efforts in the South Pointe Housing Urban Renewal Area. Attachment Dubuque Planning Services Department City Hall-50 West 13th Street THE CITY�F Dubuque,IA 52001-4805 All-America City (563)589-4210 phone 1:3UBB 1 (563)589-4221 fax ® (563)690-6678 TDD Masterpiece on the Mississippi 2007.2012.2013 planning@cityofdubuque.org March 16, 2017 The Honorable Mayor and City Council City of Dubuque 50 W.13 th Street Dubuque, IA 52001 SUBJECT: Creation of the South Pointe Housing Urban Renewal Area Plan Dear Mayor and City Council Members: Introduction The Long Range Planning Advisory Commission has reviewed the proposed South Pointe Housing Urban Renewal Area Plan for consistency with the Dubuque Comprehensive Plan in accordance with Section 15-2-13(G) of the City Code. Discussion Jill Connors, Economic Development Coordinator, reviewed the South Pointe Housing Urban Renewal Area District which will help the City pay for infrastructure that will serve the South Pointe Subdivision. She further explained a percentage of increment from the development will be allocated to create low and moderate housing opportunities in the City. The Commission discussed the project. Recommendation By a vote of 4 to 0, the Commission recommends the creation of the South Pointe Housing Urban Renewal Area Plan, as it is consistent with the 2012 Dubuque Comprehensive Plan. Respectfully submitted, John Pregler, Vice Chairperson Long Range Planning Advisory Commission cc: Maurice Jones, Economic Development Director Service People Integrity Responsibility Innovation Teamwork iiiiioiiiiii11MIii IIIIiiiIIII JIIIIIIII 1 IIIIIIIItllIIIIIIIIlIIi Doc ID: 008609580007 Type. GEN Kind: ORDINANCE Recorded: 03/23/2017 at 04:00:25 PM Fee Amt: $37.00 Page 1 of 7 Dubuque County Iowa John Murphy Recorder File201 / —00003258 Prepared by Jill Connors, Economic Development. 50 W. 13th St., Dubuaue, IA 52001. 563-589-4393 Return to Kevin Firnstahl, City Clerk, 50 W. 13th St., Dubuque, IA 52001, 563-589-4100 ORDINANCE NO. 11-17 AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE SOUTH POINTE HOUSING URBAN RENEWAL AREA, IN THE CITY OF DUBUQUE, COUNTY OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE COMMUNITY SCHOOL DISTRICT AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH SAID SOUTH POINTE HOUSING URBAN RENEWAL AREA WHEREAS, the City Council of the City of Dubuque, Iowa, after public notice and hearing as prescribed by law and pursuant to Resolution No. 101-17 passed and approved on the 20th day of March, 2017, adopted an Urban Renewal Plan (the "Urban Renewal Plan") for an urban renewal area known as the South Pointe Housing Urban Renewal Area (the "Urban Renewal Area"); and WHEREAS, expenditures and indebtedness are anticipated to be incurred by the City of Dubuque, Iowa in the future to finance urban renewal project activities carried out in furtherance of the objectives of the Urban Renewal Plan and the future needs for redevelopment within the Urban Renewal Area are such as to require the application of the incremental tax resources of the Urban Renewal Area; and WHEREAS, the City Council of the City of Dubuque, Iowa desires to provide for the division of revenue from taxation in the Urban Renewal Area, as above described, in accordance with the provisions of Section 403.19 of the Code of Iowa, as amended, and the Urban Renewal Plan. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: 3 ECor,aW,i C, De vc.1 c'�►e� Section 1. For purposes of this Ordinance, the following terms have the following meanings: (a) Urban Renewal Proiect Area shall include that area described as follows: Lot 1 of Tower Investments Subdivision No. 1, City of Dubuque; and Lot 1 of Lot 1 of Lot 2 of Tower Investments Subdivision No. 1, City of Dubuque; and Lot 2 of Table Mound Mobile Home Park, City of Dubuque; and Lot 2 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of Lot 2 of Lot 2 of Mineral Lot 483, City of Dubuque; and Lot 1 of Mary Lou Place, City of Dubuque; and Lot 1 of Mcnamer Acres No. 1; and Lot 1 of Mcnamer Acres No. 3; and Lot 2 of Mcnamer Acres No. 3; and All that part of the Rockdale Road Right of Way Tying South of the Westerly extension of the North line of Lot 1 of Mary Lou Place and lying North of the Southern terminus of the Rockdale Road Right of Way; and All that part of the Key West Drive Right of Way and the Us Highway 61 Right of Way lying South of the Easterly and Westerly extension of the South line of Lot 2-1-1-1-3 of Annie Waller Subdivision #2 and lying North of the Easterly and Westerly extension of that part of Lot 1 of Mineral Lot 479 lying West of U.S. Highway 61, and All of the Manson Road Right of Way, in the City of Dubuque, Iowa; and Lot 1-2-1-1-1-1-1-1-2-1-4 of Mineral Lot 501; and All that part of the Kelly Lane Right of Way Lying North and West of the West line of Lot 4 of Old Mill Subdivision and its Northerly extension; and Lot 1-2, 1-2-1, 1-3-1, 2-1-1, 2-2-3-1, 2-2-2, 2-2-2-1 All in Mineral Lot 514; and Lot 10 Peg -O -Mesa Subdivision; and All that part of the Fremont Avenue Right of Way lying West and South of the South line of Lot 14 in Block 1 of Birch Acres and its Northwesterly extension; and 2 All that part of the Cedar Cross Road Right of Way lying South of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th P.M.; and All that part of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th RM. lying East of the Westerly line of Lot 1 of Part of Lot 1-1 of Mineral Lot 233 and its Northerly extension and lying West of the Westerly line of Lot 2-2 of Mineral Lot 211A and its Northerly extension; and All that part of the Cedar Cross Road Right of Way lying South of the Southern Right of Way line of U.S. Highway 20 (Dodge Street) and lying North of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th P.M.; and All that part of the U.S. Highway 20 (Dodge Street) Right of Way Tying West of a line connecting the Northwest corner of Lot 2-1-1-1 of Bartels Center Grove Place and the Southeast corner of Lot 1 of Hardee's First Addition and lying West of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 5th P.M.; and All that part of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 5th P.M. lying East of the Easterly line of Lot 2 of West End Commercial Subdivision #2 and its Southerly extension and lying West of the Westerly line of Lot 1 of Clin-Que Inc Addition No. 2 and its Southerly extension; and All that part of the U.S. Highway 20 (Dodge Street) Right of Way lying South and West of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 5th P.M. and North and East of the Northerly extension of West Lot line of Lot 6 of Key City Subdivision; and Lot 6 of Key City Subdivision, Dubuque County Iowa; and All that part of West Key Drive Right of Way adjacent to Lot 6 of Key City Subdivision; and All that part of Royal Wood Drive Right of Way lying South of the Southerly Right of Way line of West Key Drive and North of the Northerly Right of Way line of North Cascade Road; and Lot 1 of Lot 1 of the Southeast Quarter of the Northwest Quarter of Section 13, T88N, R1 E of the 5th P.M.; and All that part of the English Mill Road Right of Way lying South of the Northerly line of the South 10 Acres of Lot 1 of the Southeast Quarter of the Northwest Quarter of Section 5, T88N, R2E and its Easterly extension and lying North of the Northerly Right of Way line of North Cascade Road; and 3 All that part of the Northwesterly Half of the North Cascade Road Right of Way lying South and West of the East line of Lot 1 of Dieters Place and its Northerly extension and lying North and East of the West line of Lot 1-1 of Elizabeth Watter's Place and its Northerly extension; and All that part of the North Cascade Road Right of Way lying South and West of the West line of Lot 1-1 of Elizabeth Watter's Place and its Northerly extension and Tying North and East of the East line of Lot 1-1 of Dane Place and its Southerly extension; and All that part of the Southeasterly Half of the North Cascade Road Right of Way lying South and West of the East line of Lot 1-1 of Dane Place and its Southerly extension and lying North and East of the Easterly Right of Way line of U.S. Highway 20. (b) Urban Renewal Plan shall mean the Urban Renewal Plan for the South Pointe Housing Urban Renewal Area, approved by Resolution No. 101-17 on March 20, 2017, as the same may be amended from time to time. Section 2. That the taxes levied on the taxable property in the Urban Renewal Area, legally described in Section 1 hereof, by and for the benefit of the State of Iowa, City of Dubuque, County of Dubuque, Dubuque Community School District, and all other taxing districts from and after the effective date of this Ordinance shall be divided as hereinafter in this Ordinance provided. Section 3. That portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts upon the total sum of the assessed value of the taxable property in the Urban Renewal Area, as shown on the assessment roll as of January 1, 2016, being January 1 of the calendar year preceding the first calendar year in which the City of Dubuque is expected to certify to the County Auditor the amount of loans, advances, indebtedness, or bonds payable from the division of property tax revenue described herein, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for the taxing district into which all other property taxes are paid. The taxes so determined shall be referred to herein as the "ba period taxes" for such Urban Renewal Wal 1 ed. Section 4. That portion of the taxes each year in excess of the base period taxes determined for the Urban Renewal Area as provided in Section 3 of this Ordinance shall be allocated to and when collected be paid into a special tax increment fund of the City of Dubuque, Iowa hereby established, to pay the principal of and interest on loans, monies advanced to, indebtedness, whether funded, refunded, assumed or otherwise, including bonds or obligations issued under the authority of Section 403.9 or 403.12 of the Code of Iowa, as amended, incurred by the City of Dubuque, Iowa, to finance or refinance, in whole or in part, urban renewal projects undertaken within the Urban Renewal Area pursuant to the Urban Renewal Plan, except that (i) taxes for the regular and voter -approved physical plant and equipment levy of a school district imposed pursuant to Iowa Code Section 298.2 and taxes for the instructional support program of a school district imposed pursuant to Iowa Code Section 257.19 (but in each case only 4 to the extent required under Iowa Code Section 403.19(2)); (ii) taxes for the payment of bonds and interest of each taxing district; (iii) taxes imposed under Iowa Code Section 346.27(22) related to joint county -city buildings; and (iv) any other exceptions described in Section 403.19 shall be collected against all taxable property within the Urban Renewal Project Area without any limitation as hereinabove provided. Section 5. Unless or until the total assessed valuation of the taxable property in the Urban Renewal Area exceeds the total assessed value of the taxable property in the Urban Renewal Project Area as shown by the assessment roll referred to in Section 3 of this Ordinance, all of the taxes levied and collected upon the taxable property in the Urban Renewal Area shall be paid into the funds for the respective taxing districts as taxes by or for said taxing districts in the same manner as all other property taxes. Section 6. At such time as the loans, advances, indebtedness, bonds and interest thereon of the City of Dubuque, Iowa referred to in Section 4 hereof have been paid, all monies thereafter received from taxes upon the taxable property in the Urban Renewal Area shall be paid into the funds for the respective taxing districts in the same manner as taxes on all other property. Section 7. All ordinances or parts of ordinances in conflict with the provisions of this Ordinance are hereby repealed. The provisions of this Ordinance are intended and shall be construed so as to fully implement the division of taxes from taxable property in the Urban Renewal Area under the provisions of Section 403.19 of the Code of Iowa. In the event that any provision of this Ordinance shall be determined to be contrary to law it shall not affect other provisions or application of this Ordinance which shall at all times be construed to fully invoke the provisions of Section 403.19 of the Code of Iowa with reference to the Urban Renewal Area and the territory contained therein. Section 8. This Ordinance shall be in effect after its final passage, approval and publication as provided by law. pavvcwpn AND ADDDC Cn +1,1- el rut- a /1I I I w V I-1-1 LI IIJ 401.1 I UClyV , LV 1 1 . ATTEST: .714 Kevir'S. rirnstahf, City Clerk Roy D. Buol /layor 5 /L--, Read first time: March 20, 2017 PASSED AND APPROVED: March 20, 2017 PUBLISHED: March 24, 2017 6 CERTIFICATE of the CITY CLERK STATE OF IOWA ) SS: COUNTY OF DUBUQUE ) I, Kevin S. Firnstahl, do hereby certify that I am the duly appointed, qualified, City Clerk of the City of Dubuque, Iowa, in the County aforesaid, and as such City Clerk, I have in my possession or have access to the records of the proceedings of the City Council. I do further state that the hereto attached Ordinance No. 11-17 is a true and correct copy of the original. In Testimony Whereof, I hereunto set my hand and official seal of the City of Dubuque, Iowa. Dated at Dubuque, Iowa, on this 21st day of March, 2017. 2 KeGin . Firnstahl, CMC, City Clerk RESOLUTION NUMBER PH) /3 WHEREAS, the Dubuque County Board of Supervisors has been presented with a Joint Agreement with the City of Dubuque to create an urban renewal area known as the South Pointe Housing Urban Renewal Area (the Area), so as to include property located within two miles of, but outside the corporate limits, of the City of Dubuque, for the purpose of undertaking urban renewal projects; and WHEREAS, the Dubuque County Board of Supervisors has reviewed the proposed Joint Agreement and has determined to consent to the creation of the Area as so proposed. NOW, THEREFORE BE IT RESOLVED that the Dubuque County Board of Supervisors approves and authorizes the Chairperson to sign the Joint Agreement with the City of Dubuque to create the Urban Renewal Area known as the South Pointe Housing Urban Renewal Area, so as to include property located within two miles of, but outside the corporate limits of, the City of Dubuque, for the purpose of undertaking urban renewal projects as provided by Iowa Code Section 403.17(4). Approved: Attest: Jay WiF am, Chairperson Dubuque County Board of Supervisors Ma•At A-4-1) Mary J. ('iab I, Deputy County Auditor , 2017 JOINT AGREEMENT BETWEEN THE CITY OF DUBUQUE, IOWA AND THE DUBUQUE COUNTY BOARD OF SUPERVISORS WHEREAS, the City of Dubuque, Iowa (the "City") desires to create a housing urban renewal area known as the South Pointe Housing Urban Renewal Area (the "Area") to include property located within two (2) miles of, but outside the corporate limits of, the City of Dubuque for the purposes of undertaking an urban renewal project; and WHEREAS, the Board of Supervisors of Dubuque County, Iowa has reviewed the area proposed to be included by the Area, and has determined that the creation of the area and completion of the projects proposed in the District are in the best interests of Dubuque County in the State of Iowa; and WHEREAS, because a portion of the land proposed to be added is outside the City limits, Iowa Code Section 403.17(4) requires a "joint agreement" between the City and the County before the City can proceed with said projects. NOW THEREFORE, DUBUQUE COUNTY, IOWA AND THE CITY OF DUBUQUE, IOWA AGREE AS FOLLOWS: 1. The Board of Supervisors of Dubuque County, State of Iowa, hereby consents to, agrees, and authorizes the City, State of Iowa, to proceed with the creation of the South Pointe Housing Urban Renewal Area to include the real property shown in the attached Exhibit A, and further consents to the undertaking of urban renewal projects by the City and the exercise of all lawful urban renewal powers and authority by the City within said area. 2. This Joint Agreement is intended to meet the requirements of Iowa Code Chapter 403.17(4) with respect to the establishment of an urban renewal area in Dubuque County, State of Iowa, to include land within two (2) miles of, but outside the corporate limits of, the City of Dubuque, Iowa. 3. This Joint Agreement has been duly authorized by the governing bodies of Dubuque County, State of Iowa, and the City of Dubuque, State of Iowa. DUBUQUE COUNTY, IOWA By: Jay Wickham, Chairperson, Board of Supervisors (77 STATE OF IOWA ATTEST: By: '1`;! Mary J. Habgl, [deputy County Auditor ss COUNTY OF DUBUQUE ) On this 6 day of 1Ta v\r„tcc.r-`j , 2017, before me a Notary Public in and for the Stat of Iowa, personally appeared '`7` �� a and I � k e , to me personally known, who being duly sworn did say that they are the Chairperson of the Board of Supervisors and Auditor, respectively, of Dubuque County, State of Iowa, a political subdivision, and that the seal affixed to the foregoing instrument is the seal of said political subdivision, and that said instrument was signed and sealed on behalf of said political subdivision by authority and resolution of its Board of Supervisors and said Chairperson and Auditor acknowledged said instrument to be the free act and deed of said political subdivision by it voluntarily executed. STATE OF IOWA ) COUNTY OF DUBUQUE ) ss Notary Public in and for Dubuque County, Iowa CITY OF DUBU2UE, IOWA By: Roy D. Buol, ATTEST: 14J jayor By: Kevin(S.lFirnstahi, City Clerk On this 20 day of r VIP , 2017, befo e me a Notary Public in and for said County, personally appeared k�i\f D ' 3 r� 1 and e z ia� lS Firri5 to me personally known, who being duly sworn, did say that they are the Mayor and City Clerk, respectively, of the City of Dubuque, State of Iowa, a Municipal Corporation, created and existing under the laws of the State of Iowa, and that the seal affixed to the foregoing . instrument is the seal of said Municipal Corporation, and that said instrument was signed and sealed on behalf of said Municipal Corporation by authority and resolution of its City Council, and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of said Municipal Corporation by it voluntarily execute PAMELA J.........:...,�..,... PIP1cCAEtriQN Commission o�oaer 772419 mi Gomm Exp Notary Public in an(or Dubuque County, Iowa URBAN RENEWAL PLAN South Pointe Housing Urban Renewal Area City of Dubuque, Iowa Prepared by the Economic Development Department. March 2017 TABLE OF CONTENTS A. INTRODUCTION B. DESCRIPTION OF THE URBAN RENEWAL AREA C. AREA DESIGNATION D. BASE VALUE E. DEVELOPMENT PLAN F. RESIDENTIAL DEVELOPMENT G. AREA OBJECTIVES H. TYPE OF RENEWAL ACTIVITIES I. PROPOSED PROJECTS J. FINANCIAL DATA K. URBAN RENEWAL FINANCING L. PROPERTY ACQUISITION/DISPOSITION M. RELOCATION N. STATE AND LOCAL REQUIREMENTS O. SEVERABILITY P. URBAN RENEWAL PLAN AMENDENTS Q. EFFECTIVE PERIOD R. PROPERTY WITHIN URBAN REVITALIZATION AREA S. JOINT CITY/COUNTY AGREEMENT ATTACHMENTS A. MAP OF URBAN RENEWAL AREA B-1 . MAP OF EXISTING LAND USE B-2. MAP OF FUTURE LAND USE C. SUMMARY OF BONDED INDEBTEDNESS D. LEGAL DESCRIPTION OF URBAN RENEWAL AREA E. ZONING MAP F. JOINT CITY/COUNTY AGREEMENT -2- A. INTRODUCTION This Urban Renewal Plan for the South Pointe Housing Urban Renewal Area ("Plan" or "Urban Renewal Plan") has been developed to help local officials promote housing and residential development in the City of Dubuque ("City"). The primary goal of the Plan is to stimulate, through public involvement and commitment, private investment in new housing and residential development as defined by the Iowa Code Section 403.17(12). In order to achieve this objective, the City intends to undertake urban renewal activities pursuant to the powers granted to it under Chapter 403 and Chapter 15A of the Code of Iowa, as amended. B. DESCRIPTION OF THE URBAN RENEWAL AREA The South Pointe Housing Urban Renewal Area ("Area" or "Urban Renewal Area") is illustrated in Attachments A, B-1 , and B-2 and described in Attachment D. The City reserves the right to modify the boundaries of the Area at some future date. Any amendments to the Plan will be completed in accordance with Chapter 403 of the Iowa Code ("Urban Renewal Law"). C. AREA DESIGNATION With the adoption of this Plan, the City designates this Urban Renewal Area as an economic development area that is appropriate for the provision of public improvements related to housing and residential development. D. BASE VALUE If the Urban Renewal Area is legally established, a tax increment financing ("TIF") ordinance is adopted, and debt is certified prior to December 1 , 2017, the taxable valuation within the area included in the TIF ordinance as of January 1 , 2016, will be considered the "base valuation." If debt is not certified until a later date, the "base value" will be the assessed value of the taxable property in the TIF ordinance area as of January 1 of the calendar year preceding the calendar year in which the City first certifies the amount of any debt. -3 - E. DEVELOPMENT PLAN The City Council has approved a general plan for the physical development of the City as a whole, outlined in the 2012 City of Dubuque Comprehensive Plan that was adopted by the City Council on February 6, 2012. The goals, objectives, and projects in this Urban Renewal Plan are in conformity with the City's Comprehensive Plan. The Urban Renewal Area is subject to zoning ordinances adopted by the City and County of Dubuque, and includes the following zoning classifications: City R-1 , City R-2, City R-3, City C-2, City C-3, City C-3c, City AG, City PI, and City PR; and County M-1 . See Attachment E for details. This Urban Renewal Plan does not in any way replace the City's current land use planning or zoning regulation process. For details on current and proposed land use, see attached land use maps, Attachments B-1 and B-2. The need for improved traffic, public transportation, public utilities, recreational and community facilities, or other public improvements within the Urban Renewal Area is set forth in this Plan, as amended. As the Area develops, the need for public infrastructure extensions and upgrades will be evaluated and planned for by the City. F. RESIDENTIAL DEVELOPMENT The City's objective in the Urban Renewal Area is to promote new housing and residential development. When a City utilizes tax increment financing to support residential development, a percentage of the incremental revenues (or other revenues) generated by the project (not to exceed the project costs which are limited to reimbursement of "public improvement" costs as defined by Iowa law) must be used to provide assistance for low and moderate income ("LMI") family housing. LMI families are those whose incomes do not exceed 80% of the median Dubuque County income. LMI families include single person households. Unless a reduction is approved by the Iowa Economic Development Authority, the percentage of incremental revenues used to provide LMI family housing assistance must be at least equal to the percentage of LMI families living in -4- Dubuque County, as determined by the U.S. Department of Housing and Urban Development using Section 8 guidelines. The percentage of LMI families living in Dubuque County has been determined to be 37.94%. Incremental revenues equal to at least 37.94% of the project costs described in Section I therefore will be used by the City to provide LMI family housing assistance. The assistance for LMI family housing may be provided anywhere within the City and may include, but is not limited to: 1 . Lots for LMI housing within or outside the Urban Renewal Area; 2. Construction of LMI housing within or outside the Urban Renewal Area; 3. Grants, credits or other direct assistance to LMI families living within or outside the Urban Renewal Area, but within the area of operation of the municipality; 4. Payments to a LMI housing fund established by the City to be expended for one or more of the above purposes, including matching funds for any state or federal moneys used for such purposes. G. AREA OBJECTIVES Renewal activities are designed to provide opportunities, incentives, and sites for new residential development within the Urban Renewal Area and to provide housing assistance to LMI families. More specific objectives for development within the Urban Renewal Area are as follows: 1 . To increase the availability of housing opportunities, which may in turn attract and retain local industries and commercial enterprises that will strengthen and revitalize the economy of the State of Iowa and the City of Dubuque. 2. To stimulate through public action and commitment, private investment in new residential development. 3. To plan for and provide sufficient land for residential development in a manner that is efficient from the standpoint of providing municipal services. - 5 - 4. To help finance the cost of water mains, sanitary sewer, storm sewer, and street construction (including curb and gutter), as well as other public improvements in support of new housing development. 5. To provide a more marketable and attractive investment climate. 6. To improve the housing conditions and housing opportunities for LMI families. H. TYPE OF RENEWAL ACTIVITIES To meet the objectives of this Urban Renewal Plan and to encourage the development of the Urban Renewal Area, the City intends to utilize the powers conferred under Chapter 403 and Chapter 15A, Code of Iowa including, but not limited to, tax increment financing. Activities may include: 1 . To undertake and carry out urban renewal projects through the execution of contracts and other instruments. 2. To arrange for or cause to be provided the construction of public infrastructure including but not limited to streets, water mains, sanitary sewer, storm sewers, or other public improvements in connection with urban renewal projects. 3. To finance programs which will directly benefit housing conditions and promote the availability of housing in the community. 4. To make loans, grants, rebates, or other types of economic development grants or incentives to private persons, local development organizations, or businesses to promote housing projects on such terms as may be determined by the City Council. 5. To borrow money and to provide security therefor. 6. To make or have made surveys and plans necessary for the implementation of the urban renewal program or specific urban renewal projects. 7. To use tax increment financing for a number of objectives, including but not limited to, providing for necessary physical improvements and infrastructure. -6 - 8. To provide for the construction of specific site improvements such as grading and site preparation activities, access roads and parking, fencing, utility connections, and related activities. 9. To use any or all other powers granted by the Urban Renewal Act to develop and provide for improved economic conditions for the City of Dubuque and the State of Iowa. Nothing herein shall be construed as a limitation on the power of the City to exercise any lawful power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter 4276, or any other provision of the Code of Iowa in furtherance of the objectives of this Urban Renewal Plan. I. PROPOSED PROJECT 1 . Public Improvements. This urban renewal project involves the construction of public infrastructure to serve a new approximately 184-lot subdivision under development by Dubuque South Pointe, LLC or a related entity ("Developer"). The City expects to construct certain public improvements in the Area including a public recreational area, fiber conduit, stormwater, sanitary, & water utility improvements, and road improvements. The estimated time period for completion of this project is 2017 — 2025. The total cost for construction of the public improvements shall not exceed $2.2 million. 2. Development Agreement. This proposed urban renewal project involves providing incentives necessary to construct certain public improvements in a new non-LMI subdivision. The City expects to provide assistance to the Developer in the form of property tax rebates of potential incremental taxes, under the terms of a rebate agreement between the City and the Developer. Under the proposal, some of the incremental property tax generated from the new houses constructed within the Urban Renewal Area pursuant to Iowa Code Section 403.19 is expected to be rebated to the Developer (in an amount not to exceed the Developer's certified costs of constructing certain of the required public improvements or $522,750 (or such lesser amount as may be determined by the City Council), whichever is less, for a period of time to be determined by the City Council, but in no event shall the rebates be available for a period of more than 10 years. These rebates will not be general obligations of the City, but will be payable solely from incremental property taxes generated by the project. -7- The City will set aside at least 37.94% of the incremental taxes generated by the project (up to a maximum of the Developer's certified costs of public improvements) and use those funds to support LMI family housing anywhere in the community. The remaining incremental taxes will be available to reimburse the City for its planning, legal and other project costs, public improvement costs, and to fund property tax rebates of the Developer up to the above stated maximum all in accordance with Iowa Code §403.19. 3. Planning, engineering fees (for urban renewal plans), attorney fees, other related costs to support urban renewal projects consistent with the provisions of Section 403.6 and Section 403.12 including, but not limited to, staffing and personnel related expenses such as salary incurred by the economic development, engineering, and planning departments and other City personnel related to and supporting economic development and urban renewal projects within the Area. Such fees and expenses shall not exceed $50,000. J. FINANCIAL DATA 1 . July 1 , 2017, Constitutional debt limit: $207,174,109 (see Attachment C) 2. Outstanding general obligation debt: $146,234,391 (see Attachment C) 3. Proposed amount of indebtedness to be incurred: A specific amount of indebtedness to be incurred for the Proposed Projects has not yet been determined. This document is for planning purposes only. The estimated project costs in this Plan are estimates only and will be incurred and spent over a number of years. In no event will the City's constitutional debt limit be exceeded. The City Council will consider each project proposal on a case-by-case basis to determine if it is in the City's best interest to participate before approving an urban renewal project or expense. If is further expected that such indebtedness, including interest on the same, may be financed in whole or in part with tax increment revenues from the Urban Renewal Area. Subject to the foregoing, it is estimated that the cost of the Proposed Projects as described above will be approximately $2.8 million. K. URBAN RENEWAL FINANCING The City intends to utilize various financing tools such as those described below to successfully undertake the proposed urban renewal actions. The City has the - 8 - statutory authority to use a variety of tools to finance physical improvements within the Area. These include: 1 . Tax Increment Financing Under Section 403.19 of the Iowa Code, urban renewal areas may utilize the tax increment financing mechanism to finance the costs of public improvements or economic development incentives associated with redevelopment projects. Upon creation of a tax increment district within the Area, by ordinance, the assessment base is frozen and the amount of tax revenue available from taxes paid on the difference between the frozen base and the increased value, if any, is segregated into a separate fund for the use by the City to pay costs of the eligible urban renewal projects. The increased taxes generated by any new development, above the base value, are distributed to the taxing entities, if not requested by the City. 2. General Obligation Bonds Under Division III of Chapter 384 and Chapter 403 of the Iowa Code, the City has the authority to issue and sell general obligation bonds for specified essential and general corporate purposes, including the acquisition and construction of certain public improvements within the Area or incentives for development consistent with this Plan. Such bonds are payable from the levy of unlimited ad valorem taxes on all the taxable property within the City. It may be the City will elect to abate some or all of the debt service on these bonds with incremental taxes from this Area. The City may also determine to use tax increment financing to provide incentives such as cash grants, loans, tax rebates or other incentives to developers in connection with urban renewal projects in the Plan or other urban renewal projects. In addition, the City may determine to issue general obligation bonds, tax increment revenue bonds or such other obligations, or loan agreements for the purpose of making loans or grants of public funds to private businesses located in the Area. Alternatively, the City may determine to use available funds for making such loans or grants for urban renewal projects. In any event, the City may determine to use tax increment financing to reimburse the City for any obligations or advances. Nothing herein shall be construed as a limitation on the power of the City to exercise any lawful power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter 4278, or any other provision of the Code in furtherance of the objectives of this Urban Renewal Plan. -9- L. PROPERTY ACQUISITION/DISPOSITION Other than easements and public rights-of-way, no property acquisition by the City is anticipated at this time. However, if any property acquisition/disposition becomes necessary to accomplish the objectives of the Plan, urban renewal powers will be carried out, without limitation, in accordance with Iowa Code. M. RELOCATION The City does not expect there to be any relocation required of residents or businesses as part of the proposed urban renewal projects; however, if any relocation is necessary, the City will follow all applicable relocation requirements. N. STATE AND LOCAL REQUIREMENTS All provisions necessary to conform to State and local laws will be complied with by the City in implementing this Urban Renewal Plan and its supporting documents. O. SEVERABILITY In the event one or more provisions contained in this Urban Renewal Plan, as it may be amended, shall be held for any reason to be invalid, illegal, unauthorized or unenforceable in any respect, such invalidity, illegality, lack of authorization or enforceability shall not affect any other provision of this Urban Renewal Plan, and this Urban Renewal Plan shall be construed and implemented as if such provisions had never been contained herein. P. URBAN RENEWAL PLAN AMENDMENTS This Urban Renewal Plan may be amended from time to time for a number of reasons, including but not limited to, change in the area, to add or change land use controls and regulations, to modify goals or types of renewal activities, to add or change the urban renewal projects, or to amend property acquisition and disposition provisions. The City Council may amend this Plan pursuant to appropriate procedures under Iowa Code Chapter 403. Q. EFFECTIVE PERIOD - 10 - This Urban Renewal Plan will become effective upon its adoption by the City Council and will remain in effect until it is repealed by the City Council. With respect to the property included within the Urban Renewal Area, which is also included in an ordinance which designates that property as a tax increment area and is designated based on an economic development finding, to provide or to assist in the provision of public improvements related to housing and residential development, the use of incremental property tax revenues or the "division of revenue," as those words are used in Chapter 403 of the Code of Iowa, is limited to ten (10) years beginning with the second fiscal year following the year in which the City first certifies to the County Auditor the amount of any loans, advances, indebtedness, or bonds which qualify for payment from the incremental property tax revenues attributable to that property within the Urban Renewal Area. At all times, the use of tax increment financing revenues (including the amount of loans, advances, indebtedness or bonds which qualify for payment from the division of revenue provided in Section 403.19 of the Code of Iowa) by the City for activities carried out under the Urban Renewal Plan shall be limited as deemed appropriate by the City Council and consistent with all applicable provisions of law. R. PROPERTY WITHIN URBAN REVITALIZATION AREA The Urban Renewal Area is, or at some future date may be, located within an Urban Revitalization Area under Chapter 404 of the Iowa Code. No tax abatement incentives will be allowed for development that occurs in the Urban Renewal Area unless previously authorized by the City Council. S. JOINT CITY/COUNTY AGREEMENT In accordance with Section 403.17(4) of the Code of Iowa, a City may exercise urban renewal powers with respect to property which is located outside but within two (2) miles of the boundary of a City only if the City obtains the consent of the County within which such property is located. A Joint Agreement, which gives the City permission to include property outside the City limits in the Urban Renewal Area, has been executed by the City and Dubuque County. A form of the Joint Agreement is attached as Attachment F. 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'4�� D D mQ MHOR Q w �. . - 4TN i a R . -•d>~ � - 11L�I�'r .Sto,FV \TM1llEP0.O OF° k LEDP 4 ALLEY DRCiY _ \ H\L1S 0.D e South Pointe Housing Urban RenewalArea � zf it a R RARRINGTON DR • .. �oe.�a3 TEaig(c'�el Ie v 5q" ® AF Dubuque °¢ Commercial ok-`� City of Dubuque Future Land Use Commercial 'Y:I ♦ - "GO65 ST�F� TS - I Mixed ResOREGON Si r 6 n p ! Oe Open Space • .� - .n Single Family > le 11 lir „ _ 4 ' SW • x EYRO _ - - d z � E .r IJ\ °� -�n " � / ” � •k< mm2 �� � � I ATTACHMENT C City of Dubuque Summary of Bonded Indebtedness D age year of Amount Principal Interest Principal Description Final of Due Due Outstanding Is Payment Issue FY 2017 FY 2017 6/30/17 General Obligation Bonds (Essential Corporate Purpose) Airport T-Hangars-Refunded-Sales Tax 20% 12-10-12 1.2193% 2020 405,365 45,000 3,006 172,000 Airport New Terminal Furnishings-Sales Tax 20% 11-17-14 3.3000% 2026 55,000 5,000 1,500 45,000 Airport Improvements Refunding 03-07-17 2.2227% 2030 296,527 296,527 Airport Improvements-PFC 06-28-12 3.1972% 2032 2,145,000 95,000 56,678 1,770,000 Airport Improvements-Sales Tax 20% 06-28-12 3.1972% 2032 90,000 10,000 1,285 50,000 Airport Terminal Utility Improv-PFC 11-17-14 3.3000% 2034 690,000 30,000 21,056 630,000 Airport New Terminal Roads/Parking Sales Tax 20% 04-04-16 2.7896% 2036 635,927 25,897 18,878 610,030 GDTIF America's River Refunding 03-07-17 2.3633% 2021 2,039,692 2,039,692 GDTIF America's River Refunding 03-07-17 2.3633% 2021 1,340,700 1,340,700 Building-Conf Center Improv-Sales Tax 20% 06-28-12 2.7903% 2022 60,200 4,300 1,419 43,000 Building 18th Street Improv Sales Tax 20% 08-01-11 3.5863% 2026 620,041 38,996 16,502 425,058 Building City Hall Brickwork-Sales Tax 20% 06-28-12 2.7903% 2027 393,000 25,500 9,630 295,500 Building Smart Meters Refunding 03-07-17 2.2227% 2030 47,737 47,737 Building Federal Building Roof-Sales Tax 20% 04-04-16 2.7896% 2035 268,404 10,930 7,968 257,474 Civic Center Improvements-Sales Tax 20% 06-28-12 2.7903% 2027 550,200 35,700 13,482 413,700 DICW Expansion-Taxable 11-04-08 5.5369% 2018 2,465,000 400,000 45,650 430,000 DICW Expansion-Non Taxable-Refuntling 04-04-16 2.9127% 2023 3,175,000 560,000 79,550 2,470,000 DICW Expansion-South Siegert Farm 08-01-11 3.5863% 2026 378,965 23,834 10,086 259,795 DICW North Siegert Refunding 03-07-17 2.3633% 2029 1,350,000 1,350,000 DICW Expansion-Consultant 12-10-12 2.5337% 2032 151,462 7,431 3,310 130,229 DICW Expansion-South Siegert Farm-Taxable 06-28-12 3.1972% 2032 3,975,000 180,000 105,160 3,280,000 DICW Expansion-South Siegert Farm-Nontaxable 06-28-12 2.7903% 2032 425,000 20,000 11,562 355,000 DICW Taxable-Land Acquisition 11-17-14 3.9900% 2034 1,640,000 90,000 54,325 1,460,000 E911 Tower Relocation-Sales Tax 20% 06-28-12 2.7903% 2027 235,800 15,300 5,778 177,300 Fire Station#4 Improvements-Gaming 06-28-12 2.7903% 2022 65,000 5,000 1,500 45,000 Fire Amb/Building HVAC/Bunker Irrigation/Park 11-17-14 3.3000% 2025 715,000 65,000 19,500 585,000 Fire Pumper-Gaming 06-28-12 2.7903% 2027 269,800 17,750 6,497 198,800 Fire Truck Refunding-Debt Service Levy 03-07-17 2.2227% 2030 999,893 999,893 Fire Station#2/Park Improvements-Sales Tax 20% 11-17-14 3.3000% 2034 320,000 15,000 9,725 290,000 Fire Ambulance Replacement-10 yr Sales Tax Future 3.3000% 2037 245,000 - - 245,000 Franchise Fee Settlement Judgment Bond 04-04-16 2.9326% 2035 2,830,000 120,000 87,230 2,710,000 GDTIF Main Street Refunding 03-07-17 2.2227% 2021 294,300 294,300 GDTIF Kephart's Building-Refunding 04-04-16 2.9127% 2023 200,000 25,000 5,500 175,000 GDTIF Library Renovation-Refuntling 04-04-16 2.9127% 2023 1,275,000 170,000 34,850 1,105,000 GDTIF Downtown Housing Refunding 03-07-17 2.2227% 2030 2,155,000 2,155,000 GDTIF Millwork District Refunding 03-07-17 2.2227% 2030 2,104,800 2,104,800 GDTIF 7th Street/2-Way Conversion 03-15-12 2.7031% 2031 5,560,000 270,000 120,194 4,505,000 GDTIF Intermodal 03-15-12 2.5444% 2031 4,380,000 210,000 90,712 3,550,000 GDTIF 5th St Restroom/MFC 12-10-12 2.5337% 2032 1,988,538 97,568 43,459 1,709,772 GDTIF MCIC/ADA Assist./Econ.Dev Grants 12-10-12 1.7008% 2032 1,035,000 125,000 13,309 665,000 GDTIF Washington Neighborhood Business Incentiv 06-28-12 3.1972% 2032 755,000 35,000 19,405 650,000 GDTIF Intermodal/Millwork Parking/CHI 11-17-14 3.9900% 2034 5,670,000 - 206,889 5,670,000 GDTIF Transit Roof/DT Loan Pool/ADA Assist 11-17-14 3.3000% 2034 190,000 6,125 190,000 Library Improvements-Sales Tax 20% 06-28-12 2.7903% 2022 65,500 4,250 1,605 49,250 Library Improvements 12-10-12 2.4872% 2027 173,992 11,693 3,560 134,300 Park Improvements-Gaming 12-10-12 2.4872% 2022 209,050 20,350 3,025 129,500 Park Improvements Sales Tax 20% 12-10-12 2.4872% 2022 171,808 19,562 2,987 105,406 Park Improvements-Sales Tax 20% 06-28-12 2.7903% 2027 65,500 4,250 1,605 49,250 Park Water System Study Refunding 03-07-17 2.2227% 2030 63,434 63,434 Park Ham House-Sales Tax 20% 04-04-16 2.7896% 2035 200,668 8,172 5,957 192,496 Parking Refinanced Portions 5th/3rd SIAA Ramps 12-10-12 1.2193% 2021 5,541,573 720,000 37,538 2,068,000 Parking Port of Dubuque Parking Ramp 08-01-11 3.5863% 2026 590,994 37,169 15,728 405,149 Parking Central Ave Ramp Refunding 03-07-17 2.2227% 2030 6,665,200 6,665,200 Parking Iowa Street Ramp Improvements 08-01-11 3.3045% 2031 60,720 2,638 1,720 47,914 Parking Locust Ramp Security Cameras 06-28-12 2.7903% 2033 175,000 10,000 4,913 150,000 Parking Improvements 11-17-14 3.3000% 2034 185,000 10,000 5,687 170,000 Parking Ramp Improvements-Taxable 11-17-14 3.9900% 2034 305,000 10,000 10,355 285,000 Police Software Replacement-Gaming 12-10-12 2.4872% 2022 355,950 34,650 5,150 220,500 Police CAD Software-Gaming 11-17-14 3.3000% 2030 260,000 15,000 7,500 230,000 Public Works Equipment Sales Tax 30% 11-17-14 3.3000% 2022 305,000 40,000 7,950 225,000 Public Works Equip Refunding 03-07-17 2.2227% 2030 411,999 411,999 PW Curb Ramp/Engineering Street Improv 11-17-14 3.3000% 2034 1,250,000 55,000 38,125 1,140,000 Recreation Improvements-Sales Tax 20% 06-28-12 2.7903% 2022 9,800 700 231 7,000 Recreation Improvements-Sales Tax 20% 12-10-12 2.4872% 2027 14,924 961 308 11,663 Date ageyear of Amount Principal Interest Principal Description of at Final of Due Due Outstanding Issue Payment Issue FY 2017 FY 2017 6/30/17 Sanitary Improvements Refunding 03-07-17 2.2227% 2030 680,000 680,000 Sanitary Sewer Improvements 08-01-11 3.3045% 2031 1,374,068 59,695 38,938 1,084,277 Sanitary Forcemain Repair 12-10-12 2.4872% 2032 655,239 30,112 14,022 538,403 Sanitary Sewer Improvements 06-28-12 2.7903% 2033 1,560,000 65,000 42,094 1,300,000 Sanitary Sewer Improvements 11-17-14 3.3000% 2034 5,670,000 - 181,425 5,670,000 Sanitary Sewer Improvements 04-04-16 2.7896% 2035 2,405,000 95,000 71,361 2,310,000 Solid Waste Collection Refunding 03-07-17 2.2227% 2030 53,758 53,758 Solid Waste Collection 08-01-11 3.3045% 2031 36,615 1,591 1,038 28,892 Stormwater Refunding 04-04-16 2.9127% 2028 6,270,000 555,000 167,700 5,410,000 Stormwater Sales Tax Revenue -GO 05-19-14 3.2309% 2029 7,190,000 323,100 7,190,000 Stormwater Improvements Refunding 03-07-17 2.2227% 2030 2,080,000 2,080,000 Stormwater Improvements 08-01-11 3.3045% 2031 2,287,260 99,367 64,817 1,804,877 Stormwater Improvements 03-15-12 2.7031% 2031 1,935,000 90,000 40,132 1,505,000 Stormwater 7th Street Storm Improvements 12-10-12 2.4872% 2032 134,342 6,174 2,875 110,387 Stormwater Improvements 06-28-12 2.7903% 2033 405,000 20,000 11,100 340,000 Streetlight Replacement Refunding-ST 03-07-17 2.2227% 2030 5,161 5,161 Street FEMA Land Buyout-Gaming 06-28-12 2.7903% 2027 110,200 7,250 2,654 81,200 Street Fiber/Sidewalk/Lights Refunding RUT 03-07-17 2.2227% 2030 271,799 271,799 Street Southwest Arterial 08-01-11 3.3045% 2031 1,029,285 44,716 29,168 812,209 Street Southwest Arterial-Sales Tax 30% 12-10-12 2.4872% 2032 1,280,545 56,895 26,689 1,055,549 Technology Park Granger/Airport Utilities 12-10-12 2.5337% 2018 245,000 60,000 2,400 60,000 Technology Park Airport Utility Extension 06-28-12 2.7903% 2018 945,000 195,000 11,850 200,000 Water System Improvements 08-01-11 3.3045% 2031 1,542,052 66,993 43,700 1,216,831 Water System Improvements 12-10-12 2.4872% 2032 644,151 29,602 13,784 529,295 Water System Improvements 06-28-12 2.7903% 2033 1,840,000 80,000 49,650 1,530,000 Water System Improvements 11-17-14 3.3000% 2034 9,195,000 - 295,131 9,195,000 Water System Improvements 04-04-16 2.7896% 2035 635,000 20,000 18,867 615,000 Total General Obligation Bonds 214,983,000 7,569,995 3,716,807 104,635,006 Tax Increment Port of Dubuque Parking Ramp(GDTIF) 10-16-07 7.5000% 2037 23,025,000 440,000 1,572,000 20,520,000 Total T"Increment Bonds 23,025,000 440,000 1,572,000 20,520,000 Theisen Supply,Inc.TIF Note(DICW) 11-22-06 8.25% 2018 812,278 104,259 15,741 118,363 40 Main(GDTIF) 08-06-09 2020 690,529 70,121 25,287 330,647 Total T"Increment Notes 1,684,807 174,380 41,028 449,010 Total T"Increment 24,709,807 614,380 1,613,028 20,969,010 Tax Increment Economic Development TIF Rebate Agreements Tri-States (DICW) 07-05-05 Rebate 2017 402,167 53,186 - - TM Logistics(Walter)(DICW) 05-16-11 Rebate 2018 194,562 48,045 - 48,045 P&L Ventures (DICW) 10-30-06 Rebate 2018 170,471 29,244 - 29,244 Medline (DICW) 11-19-07 Rebate 2018 1,600,279 177,535 - 177,535 Theisen Supply l l(DI CW) 02-20-12 Rebate 2018 78,348 31,179 - 31,179 Arts Way (DICW) 08-06-07 Rebate 2018 271,432 48,685 - 48,685 Kendall Hunt (DICW) 04-02-07 Rebate 2018 1,329,202 144,783 - 144,783 Spiegel Spec (DICW) 09-15-08 Rebate 2018 1,003,205 218,826 - 218,826 Vanguard (DICW) 06-02-08 Rebate 2018 279,093 35,977 - 35,977 Giese Properties II (DICW) 07-17-06 Rebate 2019 41,261 4,616 - 9,232 Dubuque Screw (DICW) 06-19-06 Rebate 2019 345,516 41,756 - 83,512 Foley Properties(DICW) 02-07-11 Rebate 2022 904,638 102,362 - 511,810 Green Industrial Supply(DICW) 08-15-11 Rebate 2023 2,908,812 345,313 - 2,071,878 Tri-State Quality Metals(DICW)Non-Appropriation 03-17-14 Rebate 2026 32,510 32,510 - 32,510 Hormel Foods (DICW)(100%2021/40%2026) 04-21-08 Rebate 2026 8,250,067 700,112 - 4,200,672 Hartig(GDTIF)60% 09-21-06 Rebate 2019 100,119 9,991 - 19,982 C&B Security(GDTIF) 07-20-07 Rebate 2019 356,976 32,861 - 65,722 Star Brewery(GDTIF) 07-17-06 Rebate 2020 1,223,307 76,669 - 230,007 Victory Cafe 756 Main St.(GDTIF) 06-21-10 Rebate 2022 87,053 8,846 - 44,230 Bowling&Beyond Lease Buyout(GDTIF) 10-15-12 Lease Buyout 2032 1,000,000 50,000 - 750,000 Flexsteel(GDTIF) 04-18-11 Rebate 2024 2,020,572 205,645 - 1,439,515 The Rose(GDTIF) 09-26-11 Rebate 2024 136,014 13,233 - 92,631 Linseed Oil(GDTIF) 03-07-13 Rebate 2025 576,504 22,968 - 553,536 Rousselot(GDTIF)(Non-Appropriation) 01-22-13 Rebate 2025 4,931 4,931 - 4,931 Julien Hotel(GDTIF) 04-21-08 Rebate 2026 3,260,286 218,592 - 1,967,328 44 Main(GDTIF) 10-18-10 Rebate 2027 446,799 29,165 - 291,650 73 CHS Forwards Cooper Wagon(GDTIF) 08-16-10 Rebate 2027 297,282 18,225 - 182,250 Date Average year of Amount Principal Interest Principal Description of Interest Final of Due Due Outstanding Issue Rate Payment Issue FY 2017 FY 2017 6/30/17 Engine House#1(GDTIF) 06-06-11 Rebate 2027 171,166 13,043 - 130,430 Franklin Investment-Multires(GDTIF) 04-04-11 Rebate 2028 437,225 37,695 - 313,296 Nottingham Properties 485 Locust(GDTIF) 03-15-11 Rebate 2028 82,219 313 - 81,906 Plastic Center Betty Jane Block(GDTIF) 02-07-11 Rebate 2028 148,957 10,956 - 120,516 Caradco(GDTIF) 03-21-11 Rebate 2028 1,499,442 107,211 - 1,179,321 Bonson 356 Main St.(GDTIF) 12-19-11 Rebate 2028 152,286 10,795 - 118,745 Roshek Building(GDTIF)(Non-Appropriation) 02-17-09 Rebate 2030 5,149,852 273,599 - 273,599 Novelty Iron Works(GDTIF)(Non-Appropriation) 06-17-13 Rebate 2031 33,105 33,105 - 109,000 Kunkel Bounds(TECH) 06-19-06 Rebate 2018 485,462 53,789 - 53,789 L&J Properties (TECH) 06-18-07 Rebate 2018 324,518 38,843 - 38,843 Conlon Johnson (TECH) 10-18-10 Rebate 2019 953,129 128,803 - 257,606 Straka Johnson (TECH) 01-01-07 Rebate 2019 189,613 21,874 43,748 Total TIF Rebates 41,387,659 3,920,087 - 16,475,375 General Funded Leases Various Various On-going 194,160 155,000 Other Loans-Revenue Backed I owa Finance Authority Loan-Caradco 12-01-10 3.0000% 2030 4,500,000 500,000 135,000 4,000,000 Total Other Lns-Rev Backed 5,427,945 547,142 135,000 4,000,000 Total City Indebtedness Subject to Debt Limit 286,702,571 12,651,604 5,464,835 146,234,391 Revenue Bonds Parking Bricktown Parking Lot 07-21-08 5.00% 2023 400,000 26,721 11,501 209,901 Sanitary Northfork Catfish Improvements SRF 01-13-10 3.25% 2031 912,000 40,000 22,652 657,000 Sanitary Water&Resource Recovery Upgrade SRF 08-18-10 3.25% 2039 74,285,000 2,344,000 1,352,460 65,279,000 SanitaryWRRC Cogeneration SRF 05-17-13 2.00% 2033 3,048,000 133,000 53,280 2,531,000 Sanitary Kerper Boulevard SRF Planned 2.00% 2036 3,500,000 - - 1,750,000 Stormwater Lower Bee Branch Restoration SRF 10-27-10 3.25% 2041 7,850,000 186,000 227,662 6,819,000 Stormwater Lower Bee Branch SRF-Estimated 09-01-14 2.00% 2034 1,029,000 45,000 18,021 856,000 Stormwater Northfork Catfish Improv.SRF 01-13-10 3.25% 2031 800,000 35,000 19,858 576,000 Stormwater Sales Tax Increment Revenue Bond 06-15-15 3.72% 2031 20,800,000 - 762,650 20,800,000 Stormwater Upper Bee Branch SRF 06-17-15 2.00% 2037 29,441,000 438,589 25,517,821 Stormwater West 32nd Detention Basin SRF 01-14-09 3.25% 2028 1,847,000 86,000 40,235 1,152,000 Water CIWA Purchase&Improvements Planned 2.00% 2036 10,000,000 1,000 100,640 2,199,027 Water-CIWA Contract Purchase 12-28-16 3.00% 2022 5,000,000 5,000,000 Water-Clear Well Reservoirs SRF 10-18-07 3.25% 2028 915,000 43,000 19,955 571,000 Water Meter Change Out Program SRF 02-12-10 3.25% 2031 6,394,000 270,000 166,335 4,848,000 Water System Improvements&Ext. 11-04-08 4.71% 2023 1,195,000 85,000 32,310 590,000 Water System Improvements&Ext. 08-16-10 3.54% 2030 5,700,000 210,000 169,950 4,525,000 Total Revenue Bonds 184,906,000 3,504,721 3,436,098 143,880,749 Total City Indebtedness 471,608,571 16,156,325 8,900,933 290,115,140 Statutory Debt Limit 207,174,109 %of Debt Limit Used 70.59% Remaining Debt Capacity 60,939,718 ATTACHMENT D SOUTH POINTE HOUSING URBAN RENEWAL AREA UPDATED February 14, 2017 LEGAL DESCRIPTION: • Lot 1 of Tower Investments Subdivision No. 1, City of Dubuque; and • Lot 1 of Lot 1 of Lot 2 of Tower Investments Subdivision No. 1, City of Dubuque; and • Lot 2 of Table Mound Mobile Home Park, City of Dubuque; and • Lot 2 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of Lot 2 of Lot 2 of Mineral Lot 483, City of Dubuque; and • Lot 1 of Mary Lou Place, City of Dubuque; and • Lot 1 of Mcnamer Acres No. 1; and • Lot 1 of Mcnamer Acres No. 3; and • Lot 2 of Mcnamer Acres No. 3; and • All that part of the Rockdale Road Right of Way lying South of the Westerly extension of the North line of Lot 1 of Mary Lou Place and lying North of the Southern terminus of the Rockdale Road Right of Way; and • All that part of the Key West Drive Right of Way and the Us Highway 61 Right of Way lying South of the Easterly and Westerly extension of the South line of Lot 2-1-1-1-3 of Annie Waller Subdivision #2 and lying North of the Easterly and Westerly extension of that part of Lot 1 of Mineral Lot 479 lying West of U.S. Highway 61, and • All of the Manson Road Right of Way, in the City of Dubuque, Iowa; and • Lot 1-2-1-1-1-1-1-1-2-1-4 of Mineral Lot 501; and • All that part of the Kelly Lane Right of Way Lying North and West of the West line of Lot 4 of Old Mill Subdivision and its Northerly extension; and • Lot 1-2, 1-2-1, 1-3-1, 2-1-1, 2-2-3-1, 2-2-2, 2-2-2-1 All in Mineral Lot 514; and • Lot 10 Peg-O-Mesa Subdivision; and • All that part of the Fremont Avenue Right of Way lying West and South of the South line of Lot 14 in Block 1 of Birch Acres and its Northwesterly extension; and • All that part of the Cedar Cross Road Right of Way lying South of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th P.M.; and • All that part of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th P.M. lying East of the Westerly line of Lot 1 of Part of Lot 1-1 of Mineral Lot 233 and its Northerly extension and lying West of the Westerly line of Lot 2- 2 of Mineral Lot 211A and its Northerly extension; and • All that part of the Cedar Cross Road Right of Way lying South of the Southern Right of Way line of U.S. Highway 20 (Dodge Street) and lying North of the Chicago Central and Pacific Railroad Company property in Section 27, T89N, R2E of the 5th P.M.; and • All that part of the U.S. Highway 20 (Dodge Street) Right of Way lying West of a line connecting the Northwest corner of Lot 2-1-1-1 of Bartels Center Grove Place and the Southeast corner of Lot 1 of Hardee's First Addition and lying West of the Chicago Central and Pacific Railroad Company property in Section 28,T89N, R2E of the 5th P.M.; and • All that part of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 5th P.M. lying East of the Easterly line of Lot 2 of West End Commercial Subdivision #2 and its Southerly extension and lying West of the Westerly line of Lot 1 of Clin-Que Inc Addition No. 2 and its Southerly extension; and • All that part of the U.S. Highway 20 (Dodge Street) Right of Way lying South and West of the Chicago Central and Pacific Railroad Company property in Section 28, T89N, R2E of the 5th P.M. and North and East of the Northerly extension of West Lot line of Lot 6 of Key City Subdivision; and • Lot 6 of Key City Subdivision, Dubuque County Iowa; and • All that part of West Key Drive Right of Way adjacent to Lot 6 of Key City Subdivision; and • All that part of Royal Wood Drive Right of Way lying South of the Southerly Right of Way line of West Key Drive and North of the Northerly Right of Way line of North Cascade Road; and • Lot 1 of Lot 1 of the Southeast Quarter of the Northwest Quarter of Section 13, T88N, R1E of the 5th P.M.; and • All that part of the English Mill Road Right of Way lying South of the Northerly line of the South 10 Acres of Lot 1 of the Southeast Quarter of the Northwest Quarter of Section 5, T88N, R2E and its Easterly extension and lying North of the Northerly Right of Way line of North Cascade Road; and • All that part of the Northwesterly Half of the North Cascade Road Right of Way lying South and West of the East line of Lot 1 of Dieters Place and its Northerly extension and lying North and East of the West line of Lot 1-1 of Elizabeth Watter's Place and its Northerly extension; and • All that part of the North Cascade Road Right of Way lying South and West of the West line of Lot 1-1 of Elizabeth Watter's Place and its Northerly extension and lying North and East of the East line of Lot 1-1 of Dane Place and its Southerly extension; and • All that part of the Southeasterly Half of the North Cascade Road Right of Way lying South and West of the East line of Lot 1-1 of Dane Place and its Southerly extension and lying North and East of the Easterly Right of Way line of U.S. Highway 20. ,FLU� DANIELS ST `= IDEALLN bEE z< UNx ERSITN AVSD 4 Weri"UEwS SiEWHPJSsrs ENNTATT4CHMENT E : ZENING T0. . Bi RP ■ $ t Z�y�E civ ASS . i , i `DpVKN CT Q /O HALE ST m m0 N 0 WgR m �.2 SOUTH POINTE �+ 'rS'1 &r�At R r E„ 0.D : 1� ` _ DODGE til . . MRARD ST z a N 5 o ® Yz ;� AVENE LE a ! MAR/Ory .PFURnssT Op0.� i,9 .,.:HUM,, sT G a v 2 H0III RD 1■ ■1 N ., wV � Pl`t AG R92 pKSTD AJE � p pp.Na J`SIING `Y9��A• , CA y w\ CST RIDGE N�<< RD SMPSSSi CLOE"0 ✓J.(+`7..i2P i bye n `, !AV 0.D^ • ! , y i 1 •r i 3 - ` m� 'hT CIORTRESSA V J�E2� n Y ONS �q E- REN L•:AREA . A / ,. . ry Ap Qis r4 ,yT / p � IN u' r ,^SEIPPEL RD AW A.• a BARBARAL 1 �' /� ✓ v rc10 South Pointe Housing Urban Reneas,d Area 2 DR ,� c Dubuque City i 1 T _ sho m W ZYT, J .-.i of O P Dubuque `o F VALLEY DR z MM1L"A O ' �. y�\LLS 0.D e M-1 Industrial W971Tzi L`PgLD m ori City of Dubuque Zoning ID Mod, Density Muld-FamilyResidentud Neighborhood Shopping Center 2 BARRINGTON DR b✓ - A General Commercial °� POP�� i6fl nz s1y4RTERJ/Cy.. Two-Family Resider;tic I(R-2) ° "r .Agricultural(AG) " �GF iI � � yy gEdOBS STy�. . GETS . OGeneral Commercial w1conditions(C-3c) REGON STLAqw Planned Residential(PR) Single-Family Residential(R-1) !e ' p • MS RD 14, row A 1 _ ��, d �� � -� '•fir '� � • §' u' �• �/ � � F<�h�Fa _- 11 / bALLEY vt r t by t. r t !y! po r t MINUTES CONSULTATION WITH AFFECTED TAXING BODIES for the following URBAN RENEWAL PLAN: i • South Pointe Housing Urban Renewal Area ! i a Tuesday, February 28, 2017 at 8:45 a.m. t City Hall, Conference Room B, Second Floor i 50 W. 13th Street Dubuque, Iowa 52001 Tax Entity Consultation for the Derby Grange Road Housing Urban Renewal Area Meeting commenced at 8:45 a.m. No representatives from Dubuque County, Northeast Iowa Community College, or the Dubuque Community School District elected to attend the meeting. Meeting was adjourned 9:00 a.m. Jill Connors i Economic Development Project Coordinator, City of Dubuque i i i i i i l l j I STATE OF IOWA {SS: DUBUQUE COUNTY CERTIFICATION OF PUBLICATION I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher of the Telegraph Herald,a newspaper of general circulation published in the City of Dubuque, County of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper on the following dates: March 24, 2017, and for which the charge is $124.91. Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this Zg day o . , 20 /7 . Notary Public in and for Dubuque County, Iowa. MARY KWESTERMEYER Commission Number 154885 �y Feb. 2020 Commission Exp. Acres No 3; and. . 'Mg south and West of - red,to in Section'3 of.I lot 2 .of •Mcnamer ' the East line of Lot l'of this Ordinance, • al. of Acres..No._3;;and .;; _. . Dieters;;Place'and::its;: the taxes. levied, and. 'r. Ali that part of ;the Northerly extensio collected upon the tax- r Rockdaie Road Right• of and lying ' North aril,able property in;the Ur-, Way•lying South of the East of the West hrie`of ' banRenw eai Area shalt ,Westerly ,extenston'Of Lot:. 11 of. Ehzebeth he paid into the funds the.:North.hne of Lot 1 Watter,'s Place and its-.• for-the'respective'tax',. - of Mary;.Lou: place,and'.' ,Northerly ; extension; ' ing districts: as -, taxes lying North• •:of •-the °:and' " by'or-,,for said taxing SoEuthern `{ter! inns :, of'` . All, that, pert, of. the'''. districts in -:;the- same - .the Roclfdale Road North Cascade Road manner as alt other' ,Fight of Way, and :A: # Right of - Way lying property taxes AIT that part of the South and W+ st of the t $ectt0f 6 ,At. such •' i ey West Drive !Right ` West li e of Lpt 1 1 of?ati a as tJie loans,,ad cf Way and the 'Us Eh2 b�i Watters, : vahce$ indebtedness - I. Highway 61 Right; of P ` o.,-Northertyd� ti7dnds and interest ,<Way lyit1g''South'of-•the " d tisiod nd lyjng `jlt ereon' of the City of, 'Easterly.,and ;Westerly! N . h and ast;of theF bUbucfue • ldwa'`refer' extension•bf;the'South East 1in� ; Lot L i of: - led to in Section 4„ dine of Lot 2 -1 -1 -1 -3 -of Dane Riace' , andt.:'its; *hereof have been ,paid, Annie Waller Subdivi- Southerly-:= extension; all monies' thereafter , sion #2 and lying North,?, fend' - .. received from takes,' of the Easterly 'and Alt that part,"of ,the. upon the taxable' prop - Westerly ;extension: of Southeasteriy Half': -of erty•in_ the Uri%an Re= that part. of Lot 1 'of the.- North., -,.Cascade t neWai, „Area shag be Mineral' Lot 479 lying , Road Right of Way ly.- paid into the funds for West of ,U S Highway Ing South and West of the respective taxing 61 and, the East line; of •Lot -1-1 districts In the same All of they Mattson 6;of-'Dane4I:Place'arid. its _ mannerastaxes on ail Road Right, of Way, in `Southerly - extension other property. the City„ of, Dubuque, ,,,,Ane_ lying North and Section 7i, 11 ordi� Iowa, andi, _ : ' East _,of the.; E as$''et�lY nances; or parts -of ordi- ' Lot 1-24-14-14,4-2Right of Way line of nahces in conflict with -±1-4- of Miners}f Lo01, U ,S; Highwa�+,20 =q the- provisions of this and -"--. +'• ° (bj Urban' Renews!" O1'dinance are .hereby All that part of the,,. Plan shall .meahf`the rebeaJed The provi., Kelly .., Lane,_ Right of,.,Urbon. Renewal Rlan,for 4sions of. this: Ordinance Way! --Lying North•, ant f• the:South' Pointe Hous are intended•and•shall West- of the Old line"-. ing Urban' " Rene of be construed „so as to • of Lot 4 of Old Mill Sub Area, approved by Res- full implehrent.the di- ' divistoh'and'its Nortt} olutian l{0 10117 ort vision :of taxes from erly extension and,. ' ,Martell 20, it1,7 as the taxable • property;in the • . Lot 1-2,1-24,. 1.3=}, 2 ,, sairie,maybe.amended._ Urban , Renewal Area - .. :14,• 2-2=34, 2 2 2 2 2 frorfi•tame totime , underthe provisions of Z-1. Alt inMineral._ Lot Section --,2{ Tliat thea ,Section 403.19 of the 514 and'. ;, taxes levied on the tax's Code •of Iowa, in the ' Lot,_ 10. Peg OMesa - able property. in the Ur event that any provtT Subdivision, and ban ReneWeltArea - le; Sion of this Ordinance Alt that, part,of`the •garly described in Sec- shall be determined to Fremont Averrtae:Right tion i hereof iby and be contrary to law it `of Way tying West .and €i;forfhe benefit of the• Shhall `not affect other 'South 01 therSoUth°line „St4te Lof toyia, C ty.uof iloyisions 4or ;appiica- of Lot 14 m -c-- Block i of <. Du uci a ,,County ::, of tion `o1 this Ordinance . c Cres - an •i N - - . r whigh:shall tall times be construed,.to' fully nvoketthe provisions Sd'ction A03 f9,of the Bir h ... d is Dubud e Dup4 _., OFPI'CIAL Northwesterly exten Cofpuhity School Dis PUBLICATION Alt th tlpart of the' Ce ing}d st ctis aro i a d ORDIPIANC E N0. i 2 37 dar Cross_Road Right of- after the effective ,da s AN•. ORDINANCE Waylying South of the of this O1dmancetish PROVtblt4G TI AT .Chicago rCentral :and be: divrdedas herb GENERAL PROPERTY pae flc Railroad Com after, in thls!Ordiha TAXES 4 EV�ED -AND pahy- property fn Sec provided COLI, ON EACH tion 27, rT89}l R2E of Section- s u, YEAR 01 ALL PROP the 5th P.M and °, tion of the tale,; ERTY LOCATED, lit -All that part of ;the would be pr'odi, WtfHItV THE, _SOUTH •Chleago ;•Cent1al ..and the rate at whit POINTE HOUSING UR- Pa ific Railroad Corn tax- is levied each y BAN RF-NEWAt I►REA, parry property Jn Sec b .or for7each Lof I,Pt ,'Tt4E+COU" DU tion +27 ,T89N, R2E of to ing disfticts ,y 040004COtt 417,1 3 F the 511 P M lyirng East 'the total sum of the as E DUBUQUE STATEhOF of t e Westerly, line of i sensed value of ,=irie 10WA,,rSYr ANi1 Y#QR Lot i of"Part of,t:ot 1 1 taxable property to the TH I3ENEFtTzoE THC: etof tows 'Jlth, ref erence ito E then Urban renews) 4Area and the erritory , contairied herein ti S�ction3 8 Tliis Ordi nar ge,shall be in effect after 1$s final passage, approy'al and publlca- n as provided by asseci<and appproved is 26th day of. March, .• 2017, ; r /s/Roy D Buol STATE OF, i41NA, CCTV 1' OF `DUBUQUE, COUN- TY OFDUBUQUE, DU-, BUQUE COMMUNITY SCHOOL , DISTRICT AND <OT¢IER T 1*4G. } DtSTRII�IS,tBE�PAiD' TO A SPt;C1AcitutiR FOR'_sPAYMENT...'OF PRINCIPAL ,AND,•iN-= TEDEW,ON LOANS, MONIESPIADvANcED 'PQ ;AND ., INDXBOtT Di • j NESS;, tNCLUG' "BONDS ISSUED O RTO BY SAIDDtCIT1r.1P4 CON- t#E ISSUED, INCUR ED flirty; Wi`fH SAID. SOIJTI� POINTE Hgt$ING URBAN RE. NEWAL AREA s WHEREAS the City , Council of the City of Dubuque lows, after ,04biJo notice and'hear ing; oaax2preacribed by law -and pursuaht to { Re$9tutlofE7etof110117: p89s 141;ehpprove,d. , on_;theI 20th ,day of `March" -22017; adopted adiOib'alr Rerrewa! ;Plan r{ffliP Ufarfltkkehewal YfgMineral Lot 233;and Ur, an Renewal Area, Mayor j,ts Northerly exteriswn os5hOW(f„;5oh as the as- ,Attest /s/Kevin S and lying West of the sessTent,rolJ of Jan- Firnstahl;.City Clerk WesterllI line-of_Lot 2 2 • wary 1, 2016,, being Jan° Pubiishedloffieiallyin , of Mineral 'Lot 2114-, - uary 1 of the calendar the :Telegraph Herald and its Northerly 'ex- year preceding thel first newspaper on'the 24th tension; and- . ' calendar year in which day of March, 2017. Ali that part of the Ce-• the City of Dubuque is /s/Kevin S. Firnstahl, • •dar Cross Road Right of expected . to certify to City Clerk ' Way lying South" of the the County Auditor the Read first time: March Southern Right of Way amount of loans, ad- 20, 2017 lige of U S 1, gh"x+ay 20 varices, indebtedness Passed and approved: I {bo getStrbet)sand lyi or}bonds payable: from March,20 2017, ih +North ofithelthica the diVision of'prop'erty Published March 24, go'uCeftrafand2Pacific• tax reventke;described 2017« Railroad ' ', Company herein, shall be atlocat- 1t 3/24 roperty in Sec tion 27,, ed to and collect - 89H R2E of the 5th ed be paiid into• the 1 and 4/ fund for the respective Alt ` that part ot; the taxing .iiidis rict as, taxes Highway 20 or far the taxing dis- DodcJe Street),R:ght oft ict into Wh{cli alt oth- ay lying Wes of • a-',"'-, }- property taxes aro ine connecting, the aid The taxes, so de - Northwest corper of;t'ermined.'" li41l Ue,, re= • Lot,•2 1-i -1 •-of• ,Bartelst{ferred to herein aslthe. Center Grove Place and base•period take for the SoUtheaSt cornier of such Urban Ren ewal , Lot LoVl •ofHardee's; First Area e Addition -'and °dying iDiietlolit4'-That po *, -West:' of ';the Chicago - tion, bf-the,taxes, each. Central... and Picific, • year in; excess of the: Railroad company pro- base ,period taxes de-, :Pian") forari`urbah re= perty in. Section,,:28,, terrnined,far the Urbari newai*re known e. T89N,: R2E of •the -5th Renewal ,Area: as pro, ' .. _..[ „.;;n+o.un �s= P.M.;and, vided in Section 3 of ,. '-" n/,rt of 'the .'this,Ordinance shall be ... _ ...1 ...titin avit-Land-.Purstiant -,to Raselutl*Noi1e161,;17,,, latiditelyggelAlipproved.-. onthe126th,.... day of MarCh, ;2017dOpted arliOrtahlRetreWal;Pian .I(VORUiliah/bRenevnal, ,plarr)ifikari.urban re benval "%tee:known, as .the-.-SOuth,Pointe Hous- ing. - 'ILirbah • : Renewal Area; •(•the,ll.i.kban Re,/ hem/al:Area"); rand .--. WHEREAS/"' expendi- tures and ihdebtednesS, are :allbCilletebt-- to be inturreol, bythe:C,Ity: of 13:11.bligile,:flqWa:T iri the future to finance urban rerieWaIVI;ojekactinq lies,Aaicted:logt,.in fur::: ._ thefahee.,.4t t ebjeqi tines' Orthe Dr* :,Rei *61101*Ohbf(1;, 40, deeds, for J'edeneit 4pmerit Withip: the01i - Renewal Ara ar,e sielil as. t� .retire tate 'applitatien ;Of,;the: :ipi eremental tax resetilli„ hes Of :theWbanRef. tle•kerArea; and yytiEkeA$,- th6, CRY., •Council fetttlie;•City qt Cldhique; loWa.'desireS te'-pronideforr theidlyil; •SlonOf revenue. from taxation ,in :the .Urban. . ;Renewal"; .- ,Area;; • - as ' .aboneeleSeribed; in ac- cordance with the pre-. visions :.; of ' : Section 40349l:erthe Code of -10N4O;411.10.0,49:044„,;nd- :thPiliaMV,.-5.eb4 i''0,lartig..l.7::_,:,:•-•"::.:, /. .-;'; ",;-'.1;;;;„ I ; NOW,,THEREPOE;l8 IT.;';ORDAINEP;'SY;7t :"'•Citi'QUNCIT,;_,..0E„TNE' CITY OF;DLIBUOUE.lEii WA: .. . : Section 1,4 For purpos- es e:, of; this : Ordinance, Ythe.=;-: f011owing , terms have :the,. 'following meanings:- - (WUtban'','Reneliiii Projectittga.§nall in clUdelhat:ateadescry bed Let4'efleniertrivest; ments'--Subtlinisien No, 1, City of Oubuque;.and \' Lot 1 Ofiet 1 oflot 2 Of Tower Investments -StibdiniSion::7*.4 CIty Of DUOtiqukarld':'-'1',,-; .: ;Let2OfTatileMOuhd Mobile Herne:Pal:lc:CM Of DUbtimikaticf: Lot 2 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of Lot 1 of; Lot-2.of ,Lot 2,ef.Mim. eral:Let483;2.01t0f.pi,i!: p'9-00;'and''."' • Lot 1 of :Maik•Leu place,'Cityhof Dubuque: and - ; Lot '1 of Mcnatnet Acres No. 1; Lot -1 -0 Mcnamer the SbOtheasycomer ui toti: of :Hardee's- Flitt.'-l;Atea:',:fl/J./..l.;;;:-.--- Addi,tionio.4,4nd;',*::',Iying:**_0.40ictlosh .'1..iiltfAt -Westi-lot Ilia', Chicago ';1;‘116n'Ofsthe:-:thieesi-Paehl Central; and .:,.PaCific, ;.-year'ih-.'exCeSs ofthe Railroad Companypro- base period _taxes de-;/; Perty Ip.;Sectiop, 28, .1 termihedforthe Urban 7891,1;:,;. R2E _ Of the 5th ; -'. ReneWal -:,Al"ea.; as Pro.;;;-:' RM..; and;vicied In Section 3 'of , All; that:part efi; the this Ordinance shall be Chicago;,:-CeintraG:and;4,;aliqdated,,to.and;when_,; PatiliC::,.0aftacl"-'telh,:l';;;Colleeted:Pepaid'iritqa-,' lialiy;--;:a0VeIty; lit i.80a:,1!!,'2.0ecj41.nf4:-,4it.ifetriertt .; tion 28, T8,9N, ,'142E -6.f : fond of theCity/ of Du - the 5th P.M.1yIng East • buque, Iowa hereby es of the Easterly line of. tablished, to pay the 14Pta:,OfWeitE,pd:Oorp -;.. prinipa:abckirito,:: rtidpj1_51)1,3dlitthibry#2 est on toojanWnirea -4.-lit Etk:'Siittigli-_0,:'., ildvappetr tp,lf,t',00.12i0,0:::, 1 ' • tension and lYing,West ' Pis,- Whether funded; Offth'en Westerly: lifie*of . -,-:t. funded, aeSathed:e6 Lot..1 otCliff,0,0,, jpe'' thenivik,_ .:..ireliidinge_; • Additioh-•No, 2: An'cl. 0 ' Ilon(it 0r olAigAt1960,: Southerly ,"exOcileh..'Y':,4.0041P11clet'thg!,A1:(ttipr and , tof Section A039;, Of Alt r that 'Part cif ' the"' 40342 Cif the Cade of 1.1S.:,:.,,-::.klighw,aY -.20 loins;apie,pded;,-.81-; (Eiii&igeObleet) Right,of biltreti.-* the Cit of Vyi&Viti'm South ,, and - Dubuque, :Iowa, ,:to _ ti: WbetVOC:41-e• Chicago , riaree or :refinance, In C'entifal4t,and. Pacific ''; Whole of in 'part,' urban Railroad Company , renewal: -projects un- dertaken Within the Ur- T46ki!IPAell;;.:106,10thl. „ban Renewal Area pur- P-MOAdkroliffx,;:40,..- suant to the Urban Re- Eagt:!,, ',61,1.176,Wr,tberlyi.;;;. _newel Plan; except that ; extehsloMqtAlieS1';.LOt,:-; (1) taxes for the regular: line'eflettlaReY 014/ ' and • voter-apk0/01'!', '.$61:01(risiori; and '' • physical plant a;: Lot 6 of Key City Sub- equierneht Ievy;;:elt5aY4 division; ;;;:':,..iihbl:dild'' School district iri)jia0t1,1 c9i4r,itY. lowa;Land,'..,: ,,,_„pur,Sciantlo toWe, Code i ..All that:Off-of West .: Seetibri 298.2 and taxes; Kpy*DrIve -Right of Way for '. the instructional ., adjOent tdtptey . : support progrdm..of-, eltystib8moibigiAtivR,;$-ChoCi districtirnloSee' „.. AlVtilat'palitelliqyal,444Shant to lOwa;Cede wood,:;;;13tive -',Righteet:_-:;Spetibh ;257.19 (bi1t;jn, WaillY0g. South of the each case Only to the • Setitherly-Rightet,Way":';:tent, required; under. linelefMpSt;Key,.Drye;-/„.9Wan, Code • Section and North :the,'Nbilii4,449319(2)); (n) taxes for erly,-;RIght•;o7f3NeVI106;--tWpayiment of bonds. of North ,---did. interest of each and'l.,;','.1P.firl?' "! :.•: . taxing district; (iii)tax- Lot rVf Lot 1 of the, . es imposed brider. idwar. Southeast -;Quarter627 Northwest (21:kteiated;; to,IOirk Of .-teetieti,-;13,'. T88N, - ,qe:at&qiVbuildjhbeli, R1E . of; the**5th' P.M.; AptratiNO,OtherliVl;l and - ,' •* -;'. - ::-;:;-:';0.:.;:"Zbellit..:(1XizdeScribe.40: All - that*..Part..of4heq.Seetioh19146 tall.ipo.i figlisti.,mqtRod fii§fit41',tiiiroie- 0-0:dgipi,5ti-01' of WaY:'.iy!4:Sotith--61,,!:..ta4abfehrOpectSMY,Ithle:' the - NorthOli Ole _ of, ',: thl';ohif,:;:Renenital., the Sollth llg.lAtres ,of .;. projeC e'llArea withouti Lot _1 of the 'S.011theast';';'•any,11rnitation as herek ' • Quarter of,•the, North-ll.:7;nabo)./eprehlided;.1..A',' West Quarter.;1 Seqi.. ,SeCtion S, Uniessi,nr, tion 5, -MICR E arid y (nitil;the total asSetsPd: its Easterly -6XtenSiefi '''' valuation," Of • the 'taxa,: and lying North of the ble.propertY In' the Ur-; Northerly Right �f Way - ban. Renewal Area •eK-; line;ef',Neah,:CaSeade - COVIel..li:ttfe.:,tot4r,.....,a, o4dcf;--od;:,:,1-,,.'„-,,,,..;,::--, §ot06::,,olil.,.ov.th6; :'•-,A))that; Oct pf.-:the.,.::t4X01e,p0pprtyj0:ttie.: iortli*it0i-ly- Vialebt-'11rOarriOriOval*Prejett the? s Nqrth--. Cascade At'ea.: as shown by the. Road Right of *WaY.. ly,:. ,''"asSesSrhent nili refer Kevin Firnstahl From:Kevin Firnstahl Sent:Thursday, March 23, 2017 8:41 AM To:denise.dolan@dubuquecounty.us Cc:Mary Habel; Jill Connors; Maurice Jones Subject:City of Dubuque - South Pointe Urban Renewal Area Documents Attachments:South Pointe UR Area Plan-Resolution-Agreement.pdf; South Pointe UR Area Ordinance.pdf Denise, Attached are copies of the recently approved South Pointe Housing Urban Renewal Area. I will drop off originals and certifieds to your office today and record the ordinance. Please contact me if you have questions or difficulty with the attachments. Thank you, Kevin Firnstahl, City Clerk City of Dubuque th 50 W. 13 Street Dubuque, IA 52001 563-589-4100 kfirnsta@cityofdubuque.org 1