General Obligation Urban Renewal Bonds_Historic Millwork District, other projectsTHE CTTY OF Dubuque
~.--
DUB E ~"~~
1 e
Masterpiece on the Mississippi
2007
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Proceedings to Set Public Hearing on the Issuance of Not to Exceed
$6,000,000 General Obligation Urban Renewal Bonds for Greater
Downtown Urban Renewal District
DATE: November 5, 2009
Finance Director Ken TeKippe recommends the City Council set a public hearing for
December 6, 2009, on the proposition of selling not to exceed $6,000,000 in General
Obligation Urban Renewal Bonds to pay costs associated with the planning,
undertaking and carrying out of urban renewal project activities under the authority of
Chapter 403 of the Code of Iowa and the Amended and Restated Urban Renewal Plan
for the Greater Downtown Urban Renewal District, including those costs associated with
the construction of street, stormwater, sanitary sewer, water, fiber optic, parking and
other public improvements in the Historic Millwork District and the funding of grants,
loans and other financial assistance to private developers to assist in rehabilitation of
existing buildings and construction of housing development projects in the Millwork
District. Although the City will be selling General Obligation Bonds, repayment of the
debt will be from the tax increment revenues generated within the Greater Downtown
Urban Renewal District.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van i ' En
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Ken TeKippe, Finance Director
THE CITY OF Dubuque
--~..
~'~ 'T~ ~ AAN--AmerlcaCi~
U ~ ~
Masterpiece on the Mississippi
2007
TO: Michael C. Van Millrgen, City Manager
FROM: Kenneth J. TeKippe, Finance Director - ~ ~`/~7 7`~''
SUBJECT: Proceedings to Set Public Hearing on the Issuance of Not to Exceed
$6,000,000 General Obligation Urban Renewal Bonds for Greater
Downtown Urban Renewal District
DATE: November 3, 2009
The purpose of this memorandum is to recommend the setting of a public hearing on
the proposal to issue General Obligation Bonds, the proceeds which will be used to
provide funds to pay costs of aiding in the planning, undertaking and carrying out of
urban renewal project activities under the authority of Chapter 403 of the Code of Iowa
and the Amended and Restated Urban Renewal Plan for the Greater Downtown Urban
Renewal District, including those costs associated with the construction of street, storm
water, sanitary sewer, water, fiber optic, parking and other public improvements in the
Historic Millwork District and the funding of grants, loans and other financial assistance
to private developers to assist in rehabilitation of existing buildings and construction of
housing development projects in the Millwork District.
Although we will be selling General Obligation Bonds to support the projects, repayment
of the debt will be from the tax increment revenues generated within the Greater
Downtown Urban Renewal District. A letter from attorney William Noth detailing
information on the bond hearing is enclosed.
The requested action step for City Council is to adopt the attached resolution fixing the
date of December 6, 2009 for a public hearing on the proposition of selling not to
exceed $6,000,000 in General Obligation Urban Renewal Bonds of Dubuque, Iowa and
providing for publication of notice.
KJT/jmg
Enclosures
cc: Barry Lindahl, City Attorney
Jenny Larson, Budget Director
Jeanne Schneider, City Clerk
AHLERS ~COONEY, P.C.
100 COURT AVENUE, SUITE 600
DES MOINES. IOWA 50309-2231
PHONE: 515-243-7611
FAX: 515-243-2149
WWW.AHLERSLAW.COM
William J. Noth
wnoth~ahlerslaw.com
October 14, 2009
Mr. Ken TeKippe
Finance Officer
City of Dubuque
50 West 13th Street
Dubuque, Iowa 52001-4864
RE: Not to exceed $6,000,000 General Obligation Urban Renewal Bonds
Dear Mr. TeKippe:
Direct Dial:
(515)246-0332
We have now prepared and are enclosing suggested proceedings to be acted upon
by the Council in fixing the date of a meeting on the proposition to issue the above
mentioned Bonds and ordering publication of a notice of hearing consistent with the
provisions of Code Sections 403.12 and 384.24(3)(q).
Notice of the meeting must be published at least once in a legal newspaper, printed
wholly in the English language, published at least once weekly, and having general
circulation in the City. The date of publication is to be not less than ten clear days before
the date of said public meeting on the issuance of said Bonds. In computing time, the
date of publication should be excluded. If the last day falls on Sunday, the whole of the
following Monday should be excluded.
Also enclosed is an extra copy of the proceedings to be filled in as the original and
certified back to this office, together with publisher's affidavit of publication of notice of
hearing. We are also enclosing an extra copy of the notice of hearing to be delivered
to the newspaper for publication purposes. A certificate to attest the proceedings is
also enclosed.
WISHARD $ BAILY - 1686; GUERNSEY $ GAILY - 1693; GAILY $STIPP - 1901; STIPP. PERRY, BANNISTER $ STARZINGER - 1914; BANNISTER, CARPENTER,
AHLERS $ GOONEY- 1950; AHLERS, GOONEY, DORWEILER, ALLBEE, HAYNIE $ SMITH - 1974; AHLERS. GOONEY, DORWEILER, HAYNIE. SMITH $ALLBEE. P.C. - 1990
October '14, 2009
Page 2
We will prepare and forward to you in the near future, suggested procedure to be
acted upon on the date of hearing. If you have any questions pertaining to the proceedings
enclosed or the above instructions, please do not hesitate to either write or call.
Very truly yours,
William J. Noth
WJN:dc
encl.
cc: Jenny Larson (w/encl.)
Tionna Pooler (w/encl.)
DCORNELV 634398.1 /MSWord\10422.067
` ~~
~r~ ~~
(This Notic~o be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of the City of Dubuque, Iowa.
Date of Meeting: , 2009.
Time of Meeting: o'clock .M.
Place of Meeting: Historic Federal Building, 350 West 6th 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 the
meeting is as follows:
Not to exceed $6,000,000 General Obligation Urban Renewal Bonds.
Resolution fixing date for a meeting on the proposition to issue.
Such additional matters as are set forth on the additional 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 the governmental body.
City Clerk, City of Dubuque, Iowa
2009
The City Council of the City of Dubuque, Iowa, met in session,
in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at
o'clock .M., on the above date. There were present Mayor , in
the chair, and the following named Council Members:
Absent:
*******
-I-
Council Member Joyce Connors introduced the following Resolution entitled
"RESOLUTION FIXING DATE FOR A MEETING ON THE PROPOSITION OF THE
ISSUANCE OF NOT TO EXCEED $6,000,000 GENERAL OBLIGATION URBAN
RENEWAL BONDS (FOR URBAN RENEWAL PURPOSES) OF THE CITY OF
DUBUQUE, IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE
THEREOF", and moved that the same be adopted. Council Member Dirk Voetberg
seconded the motion to adopt. The roll was called and the vote was,
AYES: Braig, Buol, Connors, Jones, Resnick, Voetberg
NAYS: None
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION N0. 442-09
RESOLUTION FIXING DATE FOR A MEETING ON THE
PROPOSITION OF THE ISSUANCE OF NOT TO EXCEED
$6,000,000 GENERAL OBLIGATION URBAN RENEWAL BONDS
(FOR URBAN RENEWAL PURPOSES) OF THE CITY OF
DUBUQUE, IOWA, AND PROVIDING FOR PUBLICATION OF
NOTICE THEREOF
WHEREAS, it is deemed necessary and advisable that the City of Dubuque, Iowa,
should issue General Obligation Urban Renewal Bonds, to the amount of not to exceed
$6,000,000, as authorized by Sections 403.12 and 384.24(3)(q), of the City Code of Iowa,
for the purpose of providing funds to pay costs of carrying out the urban renewal projects
as hereinafter described; and
WHEREAS, before the Bonds may be issued, it is necessary to comply with the
provisions of the Code, and to publish a notice of the proposal to issue such Bonds and of
the time and place of the meeting at which the Council proposes to take action for the
issuance of the Bonds and to receive oral and/or written objections from any resident or
property owner of the City to such action, and the right to petition for an election.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA:
-2-
Section 1. That this Council meet in the Historic Federal Building, 350 West 6th
Street, Dubuque, Iowa, at 6:30 o'clock P.M., on the 7th day of December, 2009, for the
purpose of taking action on the matter of the issuance of not to exceed $6,000,000
General Obligation Urban Renewal Bonds, for urban renewal purposes of the City, the
proceeds of which Bonds will be used to provide funds to pay costs of aiding in the
planning, undertaking and carrying out of urban renewal project activities under the
authority of Chapter 403 of the Code of Iowa and the Amended and Restated Urban
Renewal Plan for the Greater Downtown Urban Renewal Area, including those costs
associated with the construction of street, stormwater, sanitary sewer, water, fiber optic,
parking and other public improvements in the Historic Millwork District, and the funding
of grants, loans and other financial assistance to private developers to assist in
rehabilitation of existing buildings and construction of housing development projects in
the Millwork District.
Section 2. That the Clerk is hereby directed to cause at least one publication to be
made of a notice of the meeting, in a legal newspaper, printed wholly in the English
language, published at least once weekly, and having general circulation in the City, the
publication to be not less than ten clear days before the date of the public meeting on the
issuance of the Bonds.
Section 3. The notice of the proposed action to issue the Bonds shall be in
substantially the following form:
-3-
NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF
NOT TO EXCEED $6,000,000 GENERAL OBLIGATION URBAN RENEWAL
BONDS (FOR URBAN RENEWAL PURPOSES) OF THE CITY, AND THE
HEARING ON THE ISSUANCE THEREOF
PUBLIC NOTICE is hereby given that the City Council of Dubuque, Iowa, will
hold a public hearing on the 7th day of December, 2009, at 6:30 o'clock P.M., in the
Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at which meeting the
Council proposes to take additional action for the issuance of not to exceed $6,000,000
General Obligation Urban Renewal Bonds, for urban renewal purposes of said City, in
order to provide funds to pay costs of aiding in the planning, undertaking and carrying
out of urban renewal project activities under the authority of Chapter 403 of the Code of
Iowa and the Amended and Restated Urban Renewal Plan for the Greater Downtown
Urban Renewal Area, including those costs associated with the construction of street,
stormwater, sanitary sewer, water, fiber optic, parking and other public improvements in
the Historic Millwork District, and the funding of grants, loans and other financial
assistance to private developers to assist in rehabilitation of existing buildings and
construction of housing development projects in the Millwork District.
At any time before the date of the meeting, a petition, asking that the question of
issuing such Bonds be submitted to the legal voters of the City, may be filed with the
Clerk of the City in the manner provided by Section 362.4 of the Code of Iowa, pursuant
to the provisions of Sections 3 84.24(3)(q) and 3 84.26 of the Code of Iowa.
At the above meeting the Council shall receive oral or written objections from any
resident or property owner of the City, to the above action. After all objections have been
received and considered, the Council will at this meeting or at any adjournment thereof,
take additional action for the issuance of Bonds or will abandon the proposal to issue
Bonds.
This notice is given by order of the City Council of the City of Dubuque, Iowa, as
provided by Sections 403.12 and 384.24(3)(q) of the City Code of Iowa.
-4-
Dated this 18th day of November, 2009.
City Clerk, City of Dubuque, Iowa
(End of Notice)
-5-
PASSED AND APPROVED this 16th day of November, 2009.
Roy D. Buol
Mayor
ATTEST:
Jeanne F. Schneider
City Clerk
-6-
CERTIFICATE
STATE OF IOWA )
SS
COUNTY OF DUBUQUE )
I, the undersigned City Clerk of the City of Dubuque, Iowa, do hereby certify that
attached is a true and complete copy of the portion of the corporate records of the City
showing proceedings of the City Council, and the same is a true and complete copy of the
action taken by the Council with respect to the 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 the 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 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 the 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 the City hereto affixed this day of
2009.
City Clerk, City of Dubuque, Iowa
(SEAL)
DCORNELU 634403.1 /MSWord\10422.067
-0-
"~,o~~,
~L ;.
CERTIFICATE
STATE OF IOWA )
SS
COUNTY OF DUBUQUE )
I, the undersigned, do hereby certify that I am now and was at the times
hereinafter mentioned, the duly qualified and acting Clerk of the City of Dubuque, in the
County of Dubuque, Iowa, and that as such Clerk and by full authority from the Council
of the City, I have caused a
NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF
DUBUQUE, STATE OF IOWA, ON THE MATTER OF THE
PROPOSED ISSUANCE OF NOT TO EXCEED $6,000,000
GENERAL OBLIGATION URBAN RENEWAL BONDS, OF THE
CITY OF DUBUQUE, AND THE HEARING ON THE ISSUANCE
THEREOF
of which the clipping annexed to the publisher's affidavit hereto attached is in
words and figures a correct and complete copy, to be published as required by law
in the Telegraph Herald, a legal newspaper published at least once weekly, printed
wholly in the English language, published regularly and mailed through the post
office of current entry for more than two years and which has had for more than
two years a bona fide paid circulation recognized by the postal laws of the United
States, and has a general circulation in the City, and that the Notice was published
in all of the issues thereof published and circulated on the following date:
2009.
WITNESS my official signature at Dubuque, Iowa, this day of
.2009.
City Clerk, City of Dubuque, Iowa
(SEAL)
DCORNELU 634397.1 /MSWord110422.067