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IEDA Site Certification for DICW Development-Ready Site Copyrighted December4, 2017 City of Dubuque Consent Items # 4. IT EM T IT LE: I owa Economic Development Authority (I EDA)Site Certification SUMMARY: City Manager transmitting information on the lowa Economic Development Authority announcement that a "development-ready" site in Dubuque's Industrial Center West is the latest industrial site to achieve certification through the lowa Certified Sites Program. SUGGESTED DISPOSITION: Suggested Disposition: Receive and File ATTACHMENTS: Description Type IEDA Site Certification in DICW-NNM Memo City Manager Memo Staff Memo Staff Memo Map Supporting Documentation THE CITY OF Dubuque � AIFA�erlwGh UB E '�� III► Masterpiece on the Mississippi Z°°'�w'2 7A13 2017 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: lowa Economic Development Authority Site Certification DATE: November 29, 2017 Economic Development Director Maurice Jones is transmitting information on the lowa Economic Development Authority announcement that a "development-ready" site in Dubuque's Industrial Center West is the latest industrial site to achieve certification through the lowa Certified Sites Program. The City-owned property consists of six parcels covering 161 .53 total acres, of which 103 acres are developable. Located adjacent to the existing Dubuque Industrial Center West, the property lies north of Chavenelle Road, west of Radford Road, and south of Pennsylvania Avenue. It was purchased by the City in 2015 and is known as the Dubuque Industrial Center-McFadden site because it was formerly part of the McFadden family farm. Site certification is one of the fastest growing trends in the site selection business and by introducing certified sites to the market, lowa is better able to compete for large scale projects. By going through this rigorous process, developers -- working closely with their local officials, utility partners and consultants -- are better prepared to market their sites with specific site-related information and community data. All site due diligence is completed and resulting issues are mitigated, making the site "risk-free" and, thus, accelerating the development schedule. We do need to exercise some caution in how this site is viewed because there are still substantial development costs that must be incurred, possibly as much as $6 million, before a building can be built on this site. As a series of smaller projects or one major project, the City will need to incur some or all of these costs in the future. �� Mic ael C. Van Milligen �� MCVM:jh Attachment cc: Crenna Brumwell, City Attorney Teri Goodmann, Assistant City Manager Cori Burbach, Assistant City Manager Maurice Jones, Economic Development Director Rick Dickinson, GDDC President & CEO 2 Dubuque Economic Development Department THE CITY OF 50 West 13t"Street All-AmericaCitY Dubuque,lowa 52001-4864 1 ' 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: The lowa Economic Development Authority (IEDA) Site Certification DATE: November 29th, 2017 INTRODUCTION The lowa Economic Development Authority (IEDA) announced that a "development- ready" site in Dubuque's Industrial Center West is the latest industrial site to achieve certification through the lowa Certified Sites Program. BAC KG RO U N D In an effort to address the lack of project-ready industrial sites in lowa, the IEDA launched the lowa Certified Sites Program in 2012. It is an independent, third-party certification program that uses the nationally recognized site selection firm of McCallum Sweeney Consulting (MSC) as the sole certifying agent. The lowa Certified Sites Program is designed to consider a combination of national site location standards as well as lowa's natural assets and industry needs of the state's targeted sectors. The City-owned property consists of six parcels covering 161.53 total acres, of which 103 acres are developable. Located adjacent to the existing Dubuque Industrial Center West, the property lies north of Chavenelle Road, west of Radford Road, and south of Pennsylvania Avenue. It was purchased by the City in 2015 and is known as the Dubuque Industrial Center-McFadden site because it was formerly part of the McFadden family farm DISCUSSION Site certification is one of the fastest growing trends in the site selection business and by introducing certified sites to the market, lowa is better able to compete for large scale projects. By going through this rigorous process, developers -- working closely with their local officials, utility partners and consultants -- are better prepared to market their sites with specific site-related information and community data. All site due diligence is completed and resulting issues are mitigated, making the site "risk-free" and, thus, accelerating the development schedule ;[ - JI I�I r�:N i � ' .�� 7� �� + 4 �� ' t��d °6 � 1 1 � � J �J � �� 1 . . � . ...� ,; �.v� n � �,� �� c � �� ' � _ . .J ',J � �— �r ��e . � , '� � ,`�." - ��.. 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