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10 12 17 City Council Proceedings Official_Special CITY OF DUBUQUE, IOWA CITY COUNCIL PROCEEDINGS SPECIAL SESSION OFFICIAL The Dubuque City Council met in special session at 5:30 p.m. on October 12, 2017 in the Historic Federal Building, 350 W. 6th Street. Present: Mayor Buol; Council Members Connors, Jones, Lynch, Resnick, Rios; City Manager Van Milligen, Assistant City Attorney Quann Absent: Council Member Del Toro Mayor Buol read the call and stated this is a special session of the City Council called for the purpose of conducting such business that may properly come before the City Council. ACTION ITEMS 1 . Metx, LLC Development Agreement: City manager recommending approval of a Development Agreement between the City of Dubuque and Metx, LLC, to redevelop prop- erty at 1690 Elm Street. Motion by Lynch to receive and file the documents and adopt Resolution No. 336-17 Approving a Development Agreement by and between the City of Dubuque, Iowa and Metx, LLC providing for the issuance of Urban Renewal Tax Incre- ment Revenue Obligations for the redevelopment of 1690 Elm Street. Seconded by Res- nick. Responding to questions from the City Council and addressing the recent public right-of-way work being done on Elm Street by the City, City Manager Van Milligen stated that the contractual completion date for this project is June 1 , 2019; and that since this work is a private project, there should be minimal road closures/detours, which would meet proper standards. He added that the contractor is a resident of the neighborhood, and, therefore, sensitive to local businesses. Motion carried 6-0. RESOLUTION NO. 336-17 APPROVING A DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA AND METX, LLC PROVIDING FOR THE ISSUANCE OF URBAN RENEWAL TAX INCREMENT REVENUE OBLIGATIONS FOR THE REDEVELOP- MENT OF 1690 ELM STREET Whereas, Metx, LLC is the owner of the following described real estate (the Developer Property): Lots 177, 178, 179, 180 and 181 , and, the westerly 65 feet of lots 222, 223, 224, 225 and 226; all in East Dubuque, an Addition to the City of Dubuque, Iowa, according to the recorded Plat thereof, subject to easements of record. The Northeasterly 35 feet of Lots 222, 223, 224, 225 and 226 in East Dubuque, an Addition to the City of Dubuque, Iowa, according to the recorded Plat thereof, subject to easements of record. 1 The vacated alley abutting Lots 177, 178, 179, 180 and 181 , and the westerly 65 feet of lots 222, 223, 224, 225 and 226, in East Dubuque, an Addition to the City of Dubuque, Iowa, according to the recorded Plat thereof, subject to easements of record. The Northerly half of Lot 175 in East Dubuque, an Addition to the City of Dubuque, Iowa, according to the recorded Plat thereof, subject to easements of record. Lot 176, and the Southerly half of Lot 175 in East Dubuque, an Addition to the City of Dubuque, Iowa, according to the recorded Plat thereof, subject to easements of record. S 1/2 OF LOT 174 EAST DUBUQUE ADD N 1/2 OF LOT 174 EAST DUBUQUE ADD S 25.7' OF LOT 173 EAST DUBUQUE ADD; and Whereas, City is the owner of the following described real estate (the City Property): Lot 1 of Marde Place in the City of Dubuque, Iowa Lot 176A of East Dubuque Addition All that portion of the 20-foot alley between Elm Street and Pine Street lying north of East 17th Street and south of East 18th Street (20' wide alley) Whereas, the Developer Property and City Property are located within the Greater Downtown Urban Renewal District (the Project Area); and Whereas, the City Property will be conveyed to Metx, LLC. subject to a public hearing on the disposition of municipally-owned real estate and the issuance of tax increment finance obligations; and Whereas, Developer has undertaken the redevelopment of a building located on the Developer Property; and Whereas, Developer intends to redevelop the City Property as well; and Whereas, Developer has substantial expertise in redevelopment of buildings located in the City; and Whereas, Developer will make an additional capital investment in building improve- ments, equipment, furniture and fixtures in the Developer Property (the Project); and Whereas, as of this time there has been prepared and approved by City an Urban Renewal Plan for the Project Area consisting of the Urban Renewal Plan for the Greater Downtown Urban Renewal District, approved by the City Council of City on May 18, 1967, and as subsequently amended through and including the date hereof(the Urban Renewal Plan); and Whereas, a copy of the Urban Renewal Plan, as constituted on the date of this Agree- ment, is on file with the City of Dubuque City Clerk and the Dubuque County Auditor; and Whereas, pursuant to Iowa Code Section 403.6(1), and in conformance with the Urban Renewal Plan for the Project Area adopted on May 18, 1967 and last amended on June 5, 2017, City has the authority to enter into contracts and agreements to implement the Urban Renewal Plan, as amended; and Whereas, it is the determination of the City Council that approval of the Development Agreement, for redevelopment of the Property by Metx, LLC according to the terms and conditions set out in the Development Agreement is in the public interest of the City of Dubuque. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1 . That the Development Agreement by and between the City of Dubuque and Metx, LLC, a copy of which is attached hereto, is hereby approved subject to the public 2 hearings required by law for the disposition on municipally owned-real estate and ap- proval of tax increment financing obligations. Section 2. That the Mayor is hereby authorized and directed to execute the Develop- ment Agreement on behalf of the City of Dubuque and the City Clerk is authorized and directed to attest to his signature. Section 3. That the City Manager is authorized to take such actions as are necessary to comply with the terms of the Development Agreement as herein approved. Passed, approved and adopted this 121h day of October, 2017. Roy D. Buol, Mayor Attest: Kevin S. Firnstahl, City Clerk 2. Steeple Square (SS Event Center, LLC) Development Agreement: City Manager recommending approval of a Development Agreement between the City of Dubuque and SS Event Center, LLC, to redevelop property at 101 East 15th Street. Motion by Lynch to receive and file the documents and adopt Resolution No. 337-17 Approving a Develop- ment Agreement by and between the City of Dubuque, Iowa and SS Event Center, LLC providing for the issuance of Urban Renewal Tax Increment Revenue Obligations for the redevelopment of 101 East 15th Street. Seconded by Connors. Motion carried 6-0. RESOLUTION NO. 337-17 APPROVING A DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA AND SS EVENT CENTER, LLC PROVIDING FOR THE ISSUANCE OF URBAN RENEWAL TAX INCREMENT REVENUE OBLIGATIONS FOR THE RE- DEVELOPMENT OF 101 EAST 15TH STREET Whereas, SS Event Center, LLC is the owner of the following described real estate (the Property): CITY LOT 484; locally known as 101 East 15th Street; and Whereas, the Property is located within the Greater Downtown Urban Renewal District (the Project Area); and Whereas, Developer has undertaken the redevelopment of a building located on the Developer Property; and Whereas, Developer has substantial expertise in redevelopment of buildings located in the City; and Whereas, Developer will make an additional capital investment in building improve- ments, equipment, furniture and fixtures in the Property (the Project); and Whereas, there has been prepared and approved by City an Urban Renewal Plan for the Project Area consisting of the Urban Renewal Plan for the Greater Downtown Urban Renewal District, approved by the City Council of City on May 18, 1967, and as subse- quently amended through and including the date hereof(the Urban Renewal Plan); and Whereas, a copy of the Urban Renewal Plan, as constituted on the date of this Agree- ment, is on file with the City of Dubuque City Clerk and the Dubuque County Auditor; and Whereas, pursuant to Iowa Code Section 403.6(1), and in conformance with the Urban Renewal Plan for the Project Area adopted on May 18, 1967 and last amended on June 5, 2017, City has the authority to enter into contracts and agreements to implement the Urban Renewal Plan, as amended; and Whereas, it is the determination of the City Council that approval of the Development Agreement, for redevelopment of the Property by SS Event Center, LLC according to the 3 terms and conditions set out in the Development Agreement is in the public interest of the City of Dubuque. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1 . That the Development Agreement by and between the City of Dubuque and SS Event Center, LLC, a copy of which is attached hereto, is hereby approved subject to the public hearings required by law for the approval of tax increment financing obligations. Section 2. That the Mayor is hereby authorized and directed to execute the Develop- ment Agreement on behalf of the City of Dubuque and the City Clerk is authorized and directed to attest to his signature. Section 3. That the City Manager is authorized to take such actions as are necessary to comply with the terms of the Development Agreement as herein approved. Passed, approved and adopted this 12th day of October, 2017. Roy D. Buol, Mayor Attest: Kevin S. Firnstahl, City Clerk 3. Rouse & Dean Foundry Building, LLC Development Agreement: City Manager rec- ommending approval of a Development Agreement between the City of Dubuque and Rouse and Dean Foundry Building, LLC to redevelop property at 990 Washington Street (aka Alamo Building). Motion by Lynch to receive and file the documents and adopt Res- olution No. 338-17 Approving a Development Agreement by and between the City of Dubuque, Iowa and Rouse and Dean Foundry Building, LLC for the redevelopment of 990 Washington Street. Seconded by Connors. Motion carried 6-0. RESOLUTION NO. 338-17 APPROVING A DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA AND ROUSE AND DEAN FOUNDRY BUILDING, LLC FOR THE REDEVELOPMENT OF 990 WASHINGTON STREET Whereas, Rouse and Dean Foundry Building, LLC. is the owner of the following de- scribed real estate (the Property): LOT 1-1 CENTER CITY PLACE #3; locally known as 990 Washington Street; and Whereas, the Property is located in the Greater Downtown Urban Renewal District (the District) which has been so designated by City Council Resolution 206-17 as a slum and blighted area (the Project Area) defined by Iowa Code Chapter 403 (the Urban Renewal Law); and Whereas, Developer will undertake the redevelopment of a vacant building located on the Property; and Whereas, Developer will make a capital investment in building improvements, equip- ment, furniture and fixtures on the Property; and Whereas, the Property is historically significant and it is in the City's best interest to preserve the Property; and Whereas, pursuant to Iowa Code Section 403.6(1), and in conformance with the Urban Renewal Plan for the Project Area adopted on May 18, 1967 and last amended on June 5, 2017, City has the authority to enter into contracts and agreements to implement the Urban Renewal Plan, as amended; and 4 Whereas, it is the determination of the City Council that approval of the Development Agreement, for redevelopment of the Property by Rouse and Dean Foundry Building, LLC according to the terms and conditions set out in the Development Agreement is in the public interest of the City of Dubuque. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1 . That the Development Agreement by and between the City of Dubuque and Rouse and Dean Foundry Building, LLC, a copy of which is attached hereto, is hereby approved. Section 2. That the Mayor is hereby authorized and directed to execute the Develop- ment Agreement on behalf of the City of Dubuque and the City Clerk is authorized and directed to attest to his signature. Section 3. That the City Manager is authorized to take such actions as are necessary to comply with the terms of the Development Agreement as herein approved. Passed, approved and adopted this 12th day of October, 2017. Roy D. Buol, Mayor Attest: Kevin S. Firnstahl, City Clerk There being no further business, upon motion the City Council adjourned at 5:39 p.m. /s/Kevin S. Firnstahl, CMC, City Clerk 5