Fiscal Year 2017 South Pointe Housing Urban Renewal Copyrighted
July 5, 2017
City of Dubuque Consent Items # 25.
ITEM TITLE: Fiscal Year 2017 South Pointe Housing Urban Renewal
Area Advance of Tax Increment Financing Funds
SUMMARY: City Manager recommending approval of the suggested
proceedings approving an advance of funds for repayment
from the South Pointe Housing Urban Renewal Tax
Increment Revenue Fund and directing the filing of
certification under Iowa Code Section 403.17.
RESOLUTION Approving the advance of funds for
repayment from the South Pointe Housing Urban Renewal
Tax Increment Revenue Fund and directing the filing of
certification under Iowa Code Section 403.17
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt
Resolution(s)
ATTACHMENTS:
Description Type
MVM Memo City Manager Memo
Staff Memo Staff Memo
Resolution Resolutions
THE CITY OF Dubuquc
DUBA14medcaCky 11111.1
Masterpiece on the Mississippi 2007-2012-201'
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Resolution Approving an Advance of City Funds for Repayment from the
South Pointe Housing Urban Renewal Area
DATE: June 26, 2017
Budget Director Jennifer Larson recommends City Council approval of the suggested
proceedings approving an advance of funds for repayment from the South Pointe
Housing Urban Renewal Tax Increment Revenue Fund and directing the filing of
certification under Iowa Code Section 403.17. Prior to Fiscal Year 2013, the City paid
for TIF related expenses directly out of the TIF fund. These expenses include legal
services, property maintenance, stormwater utility expense, consulting engineers, and
bond issuance fees. Due to the new Tax Increment Financing legislation, the City can
no longer pay for TIF related expenses directly out of the TIF special revenue funds.
The City must pay for the TIF related expenses out of the General Fund to be
reimbursed by the TIF fund after a resolution is approved for the advance and the
expenses are certified to the County on December 1.
In Fiscal Year 2017, $2,390.70 in expenses related to the South Pointe Housing Urban
Renewal Area were advanced from the General Fund to the South Pointe Housing TIF
fund
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van Milligen
MCVM/jml
Attachment
cc: Crenna Brumwell, City Attorney
Teri Goodmann, Assistant City Manager
Jennifer Larson, Budget Director
Jean Nachtman, Finance Director
THE CITY OF Dubuque
iaE .G
aCky
UB 1111I.F
Masterpiece on the Mississippi 2007.2012.2013
TO: Michael C. Van Milligen, City Manager
FROM: Jennifer Larson, Budget Director
SUBJECT: Resolution Approving an Advance of City Funds for Repayment from the
South Pointe Housing Urban Renewal Area
DATE: June 26, 2017
INTRODUCTION
Iowa's Tax Increment Financing (TIF) laws were changed significantly in the 2012
legislative session with the passage of House File 2460. This new law, effective July 1,
2012, includes important changes, such as:
• Significant changes to the reports required for budget approval
• New limitations on the use of tax increment financing
• Elimination of school instructional support levies from the increment
BACKGROUND
TIF is a reimbursement process. The City certifies loans, advances, indebtedness or
bonds to be repaid by TIF. Three key components are required for an expenditure to be
eligible to be repaid from TIF which include: authority for the urban renewal project in
the urban renewal plan; resolution by City Council approving the expenditure as an
urban renewal project, authorizing payment and qualifying it to be included in the
December 1 TIF certification to the County; and December 1 TIF certification to the
county of the expense.
DISCUSSION
Previously, the City paid for TIF related expenses directly out of the TIF fund. These
expenses include legal services, property maintenance, stormwater utility expense,
consulting engineers, and bond issuance fees. Due to the new legislation, the City can
no longer pay for TIF related expenses directly out of the TIF special revenue funds.
The City must pay for the TIF related expenses out of the General Fund to be
reimbursed by the TIF fund after a resolution is approved for the advance and the
expenses are certified to the County on December 1.
In Fiscal Year 2017, the following TIF eligible expenses totaling $2,390.70 related to the
South Pointe Housing Urban Renewal Area were advanced from the General Fund to
the South Pointe Housing TIF fund:
• Legal Services $2,390.70
RECOMMENDATION
I respectfully recommend the adoption of the enclosed resolution approving an advance
of funds for repayment from the South Pointe Housing Urban Renewal Tax Increment
Revenue Fund and directing the filing of certification under Iowa Code Section 403.17.
JML
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of the City of Dubuque, Iowa.
Date of Meeting: July 5, 2017
Time of Meeting: 6:00 o'clock P.M.
Place of Meeting: Historic Federal Building, 350 West 6111 Street, Dubuque,
Iowa
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned governmental
body will meet at the date, time and place above set out. The tentative agenda for said
meeting is as follows:
X Resolution Approving the Advance of Funds, and Filing of Related TIF
Certifications.
Such additional matters as are set forth on the additional 3 page(s) attached hereto.
(number)
This notice is given at the direction of the Mayor pursuant to Chapter 21, Code of
Iowa, and the local rules of said governmental body.
City Clerk; City of I uliuque, Iowa
July 5, 2017
The City Council of City of Dubuque, Iowa, met in regular session, in the Historic
Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:00 o'clock P.M., on the above
date. There were present Mayor Roy D. Buol in the chair, and the following named
Council Members:
Joyce Connors, Luis Del Toro, Ric Jones, Kevin Lynch, David Resnick, Jake Rios
Absent:
* * * * * * * * *
1
Council Member Lynch introduced the following Resolution entitled
"RESOLUTION APPROVING THE ADVANCE OF FUNDS FOR REPAYMENT
FROM THE SOUTH POINTE HOUSING URBAN RENEWAL TAX INCREMENT
REVENUE FUND AND DIRECTING THE FILING OF CERTIFICATION UNDER
IOWA CODE SECTION 403.17" and moved its adoption. Council Member Connors
seconded the motion to adopt. The roll was called and the vote was,
AYES: Resnick, Del Toro, Lynch, Rios, Buol, Connors, Jones
NAYS:
RESOLUTION NO. 242-17
RESOLUTION APPROVING THE ADVANCE OF FUNDS FOR
REPAYMENT FROM THE SOUTH POINTE HOUSING URBAN
RENEWAL TAX INCREMENT REVENUE FUND AND DIRECTING
THE FILING OF CERTIFICATION UNDER IOWA CODE SECTION
403.17
WHEREAS, the City of Dubuque, Iowa has established the South Pointe Housing
Urban Renewal Area (the "Urban Renewal Area") and is undertaking certain urban
renewal projects within the Urban Renewal Area, and has incurred various related costs
in connection with such projects consisting generally of legal services described on the
attached schedule prepared by the Budget Director (the "Project Costs"); and
WHEREAS, in order to advance funds for the Project Costs, it is necessary to
make certain findings under Chapter. 403; and
WHEREAS, it is the intention of the City to certify the amount of funds so
advanced, together with interest, for reimbursement under Iowa Code Section 403.17;
and
WHEREAS, the amount of funds to be advanced for the Project Costs shall not
exceed the aggregate amount of $2,390.70.
2
WHEREAS, the amount of funds to be advanced for the Project Costs shall not
exceed the aggregate amount of $2,390.70.
NOW, THEREFORE, IT IS RESOLVED by the City Council of the City of
Dubuque, Iowa, as follows:
Section 1. Pursuant to Ordinance No. 101-17 there has been heretofore
established the South Pointe Housing Urban Renewal Area Tax Increment Revenue Fund
(the "Tax Increment Fund"), into which all incremental property tax revenues received
from the South Pointe Housing Urban Renewal Area are deposited. The Council fmds
the Project Costs to be eligible urban renewal project expenses as defined in Iowa Code
Chapter 403, and further approves an advance of City funds for said Project Costs.
Section 2. It is hereby determined that $2,390.70 has been or will be advanced
during Fiscal Year 2017 to the South Pointe Housing Urban Renewal Area Tax
Increment Fund from the General Fund in order to pay the Project Costs. The advances
collectively shall be treated as an internal loan (the "Loan") to the South Pointe Housing
Urban Renewal Fund and shall be repaid to the General Fund, from the first available tax
increment revenues.
Section 3. The Budget Director, and other City officials having responsibility
for the books and records of the City, shall take such actions as are necessary to comply
with this Resolution, including but not limited to inclusion of these amounts in the
budget, advance and transfer of funds for the Project Costs, certification for
reimbursement under Iowa Code Section 403.17 and compliance under Iowa Code
Section 403.22.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA, this 5TH day of July, 2017.
ATTEST:
City(Clerk, City of Dusuque, Iowa
3
/L/9
Mayor, Cit of Dubuque, Iowa
EXHIBIT A
City of Dubuque
Fiscal Year 2017 Schedule of Project Costs Paid by Other Funds
South Pointe Housing Urban Renewal Area
Description Amount
Legal Services (General Legal Matters) $2,390.70
Total $2,390.70
CERTIFICATE
STATE OF IOWA
) SS
COUNTY OF DUBUQUE
CIG -3
I, the undersigned City Clerk of Dubuque, Iowa, do hereby certify that attached is
a true and complete copy of the portion of the corporate records of said Municipality
showing proceedings of the Council, and the same is a true and complete copy of the
action taken by said Council with respect to said matter at the meeting held on the date
indicated in the attachment, which proceedings remain in full force and effect, and have
not been amended or rescinded in any way; that meeting and all action thereat was duly
and publicly held in accordance with a notice of meeting and tentative agenda, a copy of
which was timely served on each member of the Council and posted on a bulletin board
or other prominent place easily accessible to the public and clearly designated for that
purpose at the principal office of the Council (a copy of the face sheet of said agenda
being attached hereto) pursuant to the local rules of the Council and the provisions of
Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at
least twenty-four hours prior to the commencement of the meeting as required by said
law and with members of the public present in attendance; I further certify that the
individuals named therein were on the date thereof duly and lawfully possessed of their
respective city offices as indicated therein, that no Council vacancy existed except as may
be stated in said proceedings, and that no controversy or litigation is pending, prayed or
threatened involving the incorporation, organization, existence or boundaries of the City
or the right of the individuals named therein as officers to their respective positions.
WITNESS my hand and the seal of said Municipality hereto affixed this 5th day of
July, 2017.
City Clerk; 6ity of l%iuque,`Towa
SEAL.
00840784-1\99500-332
ROLL CALL ORDER FOR MEETING OF
July 5, 2017
Resnick, Del Toro, Lynch, Rios, Buol, Connors, Jones
CITY OF DUBUQUE, IOWA
CITY COUNCIL MEETING
Historic Federal Building
350 W. 6th Street
July 5, 2017
Council meetings are video streamed live and archived at www.cityofdubuque.org/media and
on Dubuque's CityChannel on the Mediacom cable system at cable channel 8 and digital 117.2
REGULAR SESSION
6:00 PM
PLEDGE OF ALLEGIANCE
PRESENTATION(S)
1. 2017 All America City Award Changed
The Community of Dubuque was awarded the National Civic League's 2017 All America City
Award at the Grade Level Reading Conference on June 16, 2017. The Award will be
presented by a representative of the Grade Level Reading Initiative.
2. Multicultural Center Receives 2017 Dubuque LGBTQ+ Community Service and Advocacy
Award
Co Dubuque will present the LGBTQ+ Pride Award for Community Service and Advocacy to the
Multicultural Family Center.
PROCLAMATION(S)
1. Summer Learning Day (July 13, 2017)
CONSENT ITEMS
The consent agenda items are considered to be routine and non -controversial and all consent items
will be normally voted upon in a single motion without any separate discussion on a particular item. If
you would like to discuss one of the Consent Items, please go to the microphone and be recognized
by the Mayor and state the item you would like removed from the Consent Agenda for separate
discussion and consideration.
1. Minutes and Reports Submitted
Cable IV Commission of 6/7; City Council Proceedings of 6/19, 6/21; Community Development Advisory
Commission of 4/18; Human Rights Commission of 5/8; Proof of Publication for City Council Proceedings
of 6/5.
Suggested Disposition: Receive and File
2. Bee Branch Watershed Safety Activity Book
City Manager transmitting the Bee Branch Watershed Safety Activity Book.
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