Economic Development Department FY19 Budget PresentationCopyrighted
February 12, 2018
City of Dubuque Public Hearings # 4.
IT EM T IT LE:Economic Development FY2019 Budget Presentation
SUM MARY:
SUGGEST ED DISPOSIT ION:
ATTACHMENTS:
Description Type
FY19 Economic Development Budget Recommendation Supporting Documentation
FY19 ED Budget Presentation Supporting Documentation
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Economic Development
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ECONOMIC DEVELOPMENT DEPARTMENT
Budget Highlights
FY 2017
Actual
FY 2018
Budget
FY 2019
Requested % Change From
FY 2018 Budget
Expenses
Employee Expense 288,280 336,716 341,796 1.5%
Supplies and Services 2,130,177 2,147,131 2,255,835 5.1%
TIF Rebate Payments 3,576,245 3,958,763 2,947,370 -25.5%
Equipment 806 —1,230 —%
Subtotal 5,995,508 6,442,610 5,546,231 -13.9%
Debt Service 10,293,136 3,793,392 3,032,853 -20.0%
Total 16,288,644 10,236,002 8,579,084 -16.2%
Resources
TIF Charges 13,869,381 7,752,155 5,980,223 -22.9%
TIF Land Sales/Reimbursements 306,799 380,867 381,867 0.3%
Hotel/Motel Tax (50%)1,018,206 1,049,088 1,073,956 2.4%
Administrative OH Recharges & Reimbursements 365,179 ——0.0%
Farmland Rent 81,717 —81,717 0.0%
Miscellaneous Revenue 24,400 24,400 27,400 12.3%
Total 15,665,682 9,206,510 7,545,163 -18.0%
Property Tax Support 622,962 1,029,492 1,033,921 4,429
Percent Increase (Decrease)0.4%
Personnel - Authorized FTE 3.00 3.50 3.50
Improvement Package Summary
1 of 1
This improvement package supports the Art on the River with artist stipends and awards, crane
services and bases to display the art, promotion, entertainment and speaker fees. Art on the River has
been a mainstay of the community for over 10 years. It remains one of the only public art endeavors
that that city has initiated and is publicly accessible. It provides exhibition opportunities for local and
regional artists and has become a popular/competitive exhibition space. It has been a model upon
which other cities have built their public art programs and attracts at least 10,000 of visitors to the
Mississippi River Walk annually and remains a well-loved recreational space for residents as well. It has
been repeatedly featured in every local publication and on the Travel Dubuque promotional materials.
Related Cost:$30,000 Tax Funds Recurring Recommend - Yes
Property Tax Impact:$0.012 0.11%
Activity: Arts and Cultural Affairs
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Significant Line Items
Employee Expense
1. FY 2019 employee expense reflects a 1.5% wage package increase.
2. The Iowa Public Employee Retirement System (IPERS) City contribution increased from 8.93%
in FY 2018 to 9.44% in FY 2019. This resulted in an increase of City IPERS expense of $1,246
in Economic Development.The employee contribution increased from 5.95% in FY 2018 to
6.29% in FY 2019.
3. The City portion of health insurance expense decreased from $1,325 in FY 2018 to $1,193 in FY
2019 per month per contract which results in an annual cost savings of -$4,770 or -10.00%.
Supplies and Services
4. Payments to Other Agencies provide for TIF backed economic development grants. Rebate
payments count against the City’s statutory debt limit unless there is a non-appropriation clause
approved in the development agreement and in that case only the current annual payment
counts against the City’s statutory debt limit. The City began using non-appropriation clauses in
development agreements beginning in January 2013.
The grant estimates totaling $1,305,899 in FY 2019 in the Greater Downtown TIF district are to:
Hartig rebated at 60%$8,657 Last payment FY 2019
Security Building $31,660 Last payment FY 2019
Star Brewery $73,030 Last payment FY 2020
Interstate Building $14,615 Last payment FY 2020
Adobos Mexican Grill $6,236 Last payment FY 2022
Flexsteel $200,909 Last payment FY 2024
Linseed Oil Paintworks $15,703 Last payment FY 2025
Rousselot, Inc.$7,197 Last payment FY 2025
Hotel Julien $214,306 Last payment FY 2026
253 Main St.$2,673 Last Payment FY 2027
Barker Financial $14,869 Last payment FY 2027
44 Main $24,962 Last payment FY 2027
Engine House #1 $9,945 Last payment FY 2027
Franklin Investment $33,643 Last payment FY 2028
Spahn and Rose $108,221 Last payment FY 2027
Nottingham Properties $7 Last payment FY 2028
Schmid Innovation Center $123,354 Last payment FY 2028
Bonson Block $8,226 Last payment FY 2028
Plastic Center $4,593 Last payment FY 2028
Roshek Building $273,683 Last payment FY 2030
Novelty Iron Works $129,410 Last payment FY 2031
Total $1,305,899
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The grant estimates totaling $1,330,137 in FY 2019 in the Dubuque Industrial Center West TIF
district are to:
Dubuque Screw Products $38,414 Last payment FY 2019
Medline $173,038 Last payment FY 2019
Giese Properties II $4,438 Last payment FY 2019
Malay Holdings $32,684 Last payment FY 2022
Faley Properties $105,061 Last payment FY 2022
Green Industrial Supply $208,020 Last payment FY 2023
Tri-State Quality Metals $43,503 Last payment FY 2026
Hormel Foods $691,313 Last payment FY 2026
Roasting Solutions $33,666 Last payment FY 2028
Total $1,330,137
The grant estimates in FY 2019 in the Lake Ridge TIF district are to:
The Rose of Dubuque $15,809 (last payment in 2024).
The grant estimates totaling $182,378 in FY 2019 in Tech Park TIF district are to:
Conlon Johnson $124,721 Last payment FY 2019
Straka Johnson $18,702 Last payment FY 2019
Rockfarm Holdings $38,955 Last payment FY 2027
Total $182,378
The grant estimates in FY 2019 in the North Cascade Road Housing TIF district are to:
North Cascade Road Developers LLC $80,148 (last payment in 2025). In addition,
$240,444 will be generated for public improvements and $335,015 for low and
moderate-income projects.
The grant estimates in FY 2019 in the English Ridge Housing TIF district are to:
English Ridge LLC $32,997 (last payment in 2027). In addition, $98,991 will be
generated for public improvements and $296,544 for low and moderate-income projects.
5. Travel City Business is unchanged from $34,200 in FY 2018 to $34,200 in FY 2019. This line
item represents the budget for federal initiatives ($24,000); Diversity Summit sponsorship
($5,000); Diversity Summit registration for leadership team ($5,000); and Arts and Cultural
Affairs ($200).
6. Contracted Services increased from $1,803,366 in FY 2018 to $1,879,971 in FY 2019. There
was a 10% reduction in FY 2018 for some agencies, which was removed in FY 2019 for an
increased cost in FY 2019 of $18,000.
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The following service agreements are budgeted in Economic Development in FY 2019:
Agency FY 2019 FY 2018 Change %
Dubuque Area and Visitors Bureau $1,134,522 $1,075,917 $58,605 5%
Dubuque Area Labor Management Council $30,000 $27,000 $3,000 11%
Dubuque Main Street $74,276 $74,276 $——%
Greater Dubuque Development Corporation $470,613 $470,613 $——%
Prosperity Eastern Iowa $5,085 $5,085 $——%
Access Dubuque $5,475 $5,475 $——%
America's River Festival $10,000 $10,000 $——%
Inclusive Dubuque $75,000 $67,500 $7,500 11%
Project Hope $75,000 $67,500 $7,500 11%
Total $1,879,971 $1,803,366 $76,605 4%
These contracted services for Economic Development are expenses that the City would have
within its organization regardless of who provides the services.
Debt Service
7. The FY 2019 debt service includes ($3,032,853):
Amount Debt Series Source Purpose Final
Payment
Call
Date
$76,900 G.O. 2017A GDTIF Town Clock Plaza 2021 2025
$95,408 TIF revenue GDTIF 40 Main 2021
$646,850 G.O. 2016B DICW Synergy Ct/N. Siegert 2023 2024
$34,500 G.O. 2016B GDTIF Kephart's Building 2023 2024
$33,900 G.O. 2011B DICW S. Siegert 2026 2018
$125,850 G.O. 2017A DICW N. Siegert 2029 2025
$187,755 G.O. 2017A GDTIF Housing Incentives 2030 2025
$193,800 G.O. 2017A GDTIF Millwork Parking 2030 2025
$135,000 IFA loan GDTIF Caradco 2030
$384,294 G.O. 2012B GDTIF 1-Way to 2-Way 2031 2020
$256,889 G.O. 2014C GDTIF Intermodal 2032 2021
$140,028 G.O. 2012F GDTIF ED Grants 2032 2018
$137,124 G.O. 2012H GDTIF Bus Storage/Bluff Restrooms 2032 2018
$282,960 G.O. 2012C DICW S. Siegert 2032 2019
$54,405 G.O. 2012C GDTIF Washington Neighborhood 2032 2019
$30,362 G.O. 2012D DICW S. Siegert 2032 2019
$10,444 G.O. 2012H DICW Land Acquisition 2032 2018
$113,925 G.O. 2014C DICW Land Acquisition 2034 2021
$16,125 G.O. 2014B GDTIF DT Loan Pool 2034 2021
$76,334 Planned GDTIF Colts Building Renovation 2039
$3,032,853 Total Economic Development Debt Service
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In addition, Greater Downtown TIF will transfer to the Debt Service fund ($2,881,712) to pay a
portion of the America’s River Fund debt ($343,800); Library Renovation debt ($203,050); Port
of Dubuque Parking Ramp ($2,013,375); Intermodal Facility ($302,212); and Downtown Parking
Ramp Debt ($19,275). The Port of Dubuque Parking Ramp debt is reimbursed by the Diamond
Jo through a minimum assessment agreement and an annual shortfall payment.
Revenue
8. On June 30, 2018, three subareas of tax increment financing districts will retire, Subarea B of
Dubuque Industrial Center West and Subareas A and B of Technology Park. This is consistent
with major amendments to Chapter 403 of the Code of Iowa enacted in 1994 which
changed economic development tax increment requirements for areas established after
January 1, 1995 and limited those districts to a twenty-year life. There is $76,526,204 of
incremental value created by these subareas that will be redistributed to all taxing bodies in FY
2019. In FY 2019, the City of Dubuque will receive approximately $579,000 in general fund tax
revenue from Subarea B of Dubuque Industrial Center West and $171,000 in general fund tax
revenue from Subareas A and B of Technology Park.
The following is a chart that shows the amount of tax revenue to be distributed to each taxing
body due to the subareas retiring:
9. The payment from Dubuque Initiatives for processing of payments has increased from $24,400
in FY 2018 to $27,400 in FY 2019 based on a new agreement starting October 1, 2017.
10. Farmland Rent increased from $0 in FY 2018 to $81,717 in FY 2019 based on FY 2017 actual
of $81,717. This line item represents rent of farmland in Dubuque Industrial Center West that
has been acquired but not developed.
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ECONOMIC DEVELOPMENT
Economic Development formulates and implements strategies which retain and create
jobs, enhance the tax base, stabilize the local economic base and encourage economic
self-sufficiency, working primarily in the areas of downtown, Historic Millwork District,
riverfront and industrial park development – thus improving the community’s overall
quality of life.
SUCCESS IS ABOUT PLANNING, PARTNERSHIPS AND
PEOPLE LEADING TO OUTCOMES
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ECONOMIC DEVELOPMENT
The Economic Development Department is supported by 3.50 full-time equivalent employees.
Expenditures by Category by Fiscal Year
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ECONOMIC DEVELOPMENT
Administration
Overview
The Economic Development Department provides professional leadership in economic
development, downtown redevelopment, riverfront and industrial development. Economic
Development offers many different financial incentives to encourage property development/
improvement and job creation. Some of the programs include:
Tax Increment Financing (TIF) - An incentive program which captures the increased
property taxes a business pays from improving their property. This incentive can be
used to help pay for needed infrastructure improvements or to provide grants to the
business. Businesses must commit to job creation in the community or must have an
extraordinary positive impact for the community to offer this incentive.
Land Discounts - The sale of city-owned property to businesses that commit to
significant job creation in the community.
Downtown Rehabilitation Program - This includes façade, design and financial
planning grants and loans. These incentives are available in the Greater Downtown
Urban Renewal Area, including the Washington Neighborhood, the Historic Millwork
District, and other areas.
Downtown Housing Incentive - Funds the rehabilitation of vacant downtown buildings
into affordable, market rate rental housing.
State of Iowa Programs - The department partners with the State of Iowa to provide
incentives for qualifying projects from the following: High Quality Jobs program,
Workforce Housing tax credits, Historic tax credits, and Community Development Block
Grant funds.
EPA Brownfields Assistance - The department and its consultants provide funds to
alleviate real or perceived contamination on properties in order to promote economic
development.
Administration Funding Summary
FY 2017 Actual FY 2018 Budget FY 2019 Requested
Expenditures 16,006,060 9,908,628 8,221,940
Resources 15,665,682 9,206,510 7,545,163
Administration Position Summary
FY 2019
Economic Development Director 1.00
Economic Development Project Coordinator 1.00
Confidential Account Clerk 0.50
Total FT Equivalent Employees 2.50
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ECONOMIC DEVELOPMENT
Highlights of the Past Year
• Continued to improve downtown properties through the rehabilitation loans and grants.
• Along the Central Corridor, Economic Development has partnered with Iowa State
University to conduct a building and business inventory. This information will be used to
continue to create economic development opportunities for building owners and
businesses in the Corridor.
• Several development agreements have been negotiated this past year: in the Industrial
Center West, Roasting Solutions (Verena Street Coffee) has constructed a new facility,
adding 10 jobs in the coming years; Rite Hite is expanding its operations facility, adding
24 jobs in the coming years; and in the downtown area, 1501 Jackson Street is being
renovated into 12 apartments in the former school on the St. Mary’s campus.
• Implementation of Housing Urban Renewal Districts, encouraging the development of
needed housing inventory for all income levels. The past year saw the expansion of the
English Ridge Housing Urban Renewal Area, assisting in the development of 205
residential properties in the Area, as well as generating approximately $3.2 million for
affordable housing throughout the Dubuque community. The North Cascade Road
Housing Urban Renewal Area has also expanded, assisting in the development of 202
residential properties in the Area, as well as generating approximately $4.5 million for
affordable housing throughout the Dubuque community.
• Concentrated efforts in the redevelopment of the South Port area through an EPA
Brownfields Area Wide Planning grant.
Future Initiatives
• Economic Development staff has begun the process of becoming a Certified Site with
the Iowa Economic Development Authority. This certification process will place portions
of the Dubuque Industrial Center West on the State’s website as a “development ready”
site - making it more marketable to national firms seeking a new location.
Performance Measures
Community Development - Activity Statement
Identify resources and partnerships within a broad context of economic development
approaches to improve the quality of life for the citizens of Dubuque.
Goal: Robust Local Economy
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ECONOMIC DEVELOPMENT
Outcome #1: Improve the economic health of our community
When the income of an area rises, it indicates that businesses are performing well and
residents have more money to spend, increasing the overall standard of living.
Provide financial tools for businesses to develop and prosper
Encourage local businesses to improve their sustainability and profitability by
developing their offerings of sustainable products and services and their use of
sustainable products, services, and practices.
Create/Attract new jobs and businesses in the sustainability sectors.
Development Agreements
Economic Development staff facilitate, prepare and monitor development agreements in
conjunction with the Legal Department. We work with developers and businesses to prepare a
tailored agreement that corresponds with their expansion/development plans, as well as meets
City Council’s objectives of local expansion, affordable market rate housing creation, and job
creation.
Our staff currently monitor approximately 90 development agreements to ensure that the
developers/employers meet the requirements within the agreements, which include required
minimum physical improvements, timing of improvements and job creation. Staff also monitor
and prepare Tax Increment Financing rebates as outlined in the agreements.
The Economic Development Department continuously seeks additional funds from public and
private sources that we can use to provide access to several programs which can be tapped to
encourage business growth in Dubuque.
Outcome #2: Facilitate the development of a Place-Based Economy
This effort is crucial to strengthening the roots of our locally owned businesses and enhancing
Dubuque as a pro-business city and entrepreneurial environment
Focus on growing the local economy, which is deeply rooted in our geographic, physical
and human capital strengths, for long term economic stability. This is an opportunity to
center on strong place development throughout the city, building a unique city form and
fabric that continues to attract a talented workforce and fosters collaboration.
Outcome #3: Workforce Development & Diversity
Recruitment and retention of valuable employees is now recognized as one of the most
important issues facing corporate America.
Work with Inclusive Dubuque to address inequities identified in our community via their
Equity Profile, particularly in the area of economic wellbeing.
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ECONOMIC DEVELOPMENT
Arts & Cultural Affairs
Overview
The Arts & Cultural Affairs Office works to strengthen the city’s arts initiatives and improve
coordination between various arts groups by working with the Arts and Cultural Affairs Advisory
Commission. Additionally, the Arts & Cultural Affairs Office manages the Art on the River
program and administers two City grant programs awarded to local arts and cultural
organizations.
Arts & Cultural Affairs Funding Summary
10072500 FY 2017
Actual
FY 2018
Budget
FY 2019
Requested
Expenditures $282,584 $327,374 $357,144
Resources $—$—$—
Arts and Cultural Affairs Position Summary
FY 2019
Arts & Cultural Affairs Coordinator 1.00
Total FT Equivalent Employees 1.00
Highlights of the Past Year
Updated the arts granting system to reflect:
• National standards and best practices - professional, unaffiliated jury panel;
independent financial review; and blind funding assignment
• Diversity equity and inclusion initiatives that have been advanced city wide
Coordinated 12th year of Art on the River program which expanded to include:
• A keynote speaker from primer arts organization Americans for the Arts, Patricia Walsh
• Hosted Public art and Community workshop with 40 attendees local and regional
• Youth reception and tour featuring professional, local musicians age 18 and under
• Audio guide App Otocast for improved community engagement
Co-ordinated Annual Arts and Business events:
2nd Annual Arts and Business Luncheon - From Philanthropy to Investment: Aligning Arts &
Business Strategies to Support Economic Vitality and Growth. Featuring speakers from the
Arts and Business Council of Chicago and Elkay manufacturing (90 attendees)
• Business of the Arts evening event -- Making a Living, Making Music. Featuring music
licensing professional from Broadjam.com. This event focused on providing practical
and business strategies, and industry insight to local musicians. (22 attendees)
Finalized the Master Plan Community Enactment Strategy and presented to Council
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ECONOMIC DEVELOPMENT
Future Initiatives
1. Master Plan Community Enactment Strategy - convening community stakeholders to
participate in moving forward with the master plan. The Community enactment strategy
adopted by City Council includes:
• Public art and Infrastructure
This group focuses on policies that demystify the process for application to and
exhibition of Public Art.
• Accessibility Engagement and Inclusion -
This group focuses on the inclusion of neighborhoods in different areas in
Dubuque, creating and maintaining awareness of the other; improving access to
existing programs, fostering a welcoming atmosphere, create a model for
engagement of marginalized groups and traditionally included groups.
• Creative Economy, Artists and Entrepreneurship
This group generates policy support for artists and entrepreneurs and
recommends activities that create the environment to support the sector.
• Capacity and Investment
This group focuses on partnerships that lead to investment in the arts, percent
for art initiatives, discovery of new funding streams and resources, cultivation of
resources of individuals, businesses and community.
• Branding and Communication
This group will recommend and execute communication concepts consistent
with the established identity of Dubuque.
2. Arts and Business Symposium- An expansion of the current Arts and Business events
focused on the wide range of topics that affect both the arts and business. This can
include the opportunity for multiple speakers and a workshop.
3. Arts and Science Alliance - a program that will bring together artists,
tradesmen, engineers and IT professionals and students in a collaborative space with
the aim of creating or curating multidimensional, technologically infused art with a
sustainability focus.
4. Junior Commission- a group with members ages 16- 25 that operates as an arm of the
Advisory commission. Under the supervision of staff and the commission, this group
will work together on initiatives specifically focused on engaging their own age group to
assist in the city wide effort to retain young people.
5. Illumination project - pairing with private sector to illuminate local land marks including
but not limited to one or more of the bridges in Dubuque.
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ECONOMIC DEVELOPMENT
Performance Measures
Arts & Cultural Affairs - Activity Statement
Present a visible presence in the community as a proactive leader in the arts community of
Dubuque. Leverage resources to help grow Dubuque's creative economy.
Goal: Experiences and Activities
Outcome #1: Coordinate the Arts and Culture Special Projects Grant Program and
distribution of annual operating budget support
Since 2005, the City of Dubuque has provided over $2.8 million to area arts and culture
organizations and other non-profits for programs that reach thousands of Dubuque adults and
children each year.
Organization GRAND TOTAL
Bell Tower Productions $212,620.57
Colts Drum & Bugle $375,057.00
Dubuque Arts Council $70,798.84
Dubuque Chorale $19,231.66
Dubuque Fine Arts Society $32,007.58
Dubuque Museum of Art $282,123.81
Dubuque County Historical $553,639.00
Dubuque Symphony Orchestra $515,644.00
Fly-By-Night Productions $23,969.48
Julien Dubuque Int'l Film Festival $35,977.72
Northeast Iowa School of Music $121,067.03
Four Mounds Foundation $55,922.00
Grand Opera House $290,636.25
Dubuque Arboretum $85,962.16
Dubuque Main Street/DDCC $16,219.00
Loras College $19,127.00
Dubuque Community School Foundation $2,995.00
Clarke University $10,872.00
Voices Productions $7,231.00
Matter/Creative Adventure Lab $29,993.55
Dubuque Main Street $25,222.00
Rising Star Theatre Co $14,800.90
Healing Moments $3,000.00
Studio Works/DAAC $15,479.00
Multicultural Family Center $5,175.00
Friends of Mines of Spain $5,000.00
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ECONOMIC DEVELOPMENT
St. Mary's Church $6,005.00
Music Men $1,320.16
Friends of St. Mary/Steeple Square $16,492.00
Children of Abraham $3,500.00
Downtown Christian Outreach $2,800.00
DubuqueFest Fine Arts Festival $4,877.35
TOTAL $2,864,766.06
DID YOU KNOW?
The non-profit arts and culture industry in Dubuque generates $47.2 million in annual economic activity,
supporting 1,530 full-time equivalent jobs and generates $5 million in local and state government
revenues and $36.7 million in household income to local residents.
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Recommended Operating Revenue Budget - Department Total
60 - ECONOMIC DEVELOPMENT
Fund Account Account Title
FY16 Actual
Revenue
FY17 Actual
Revenue
FY18 Adopted
Budget
FY19 Recomm'd
Budget
210 41205 TAX INCREMENT RECEIPTS 3,524,268 3,805,776 3,829,207 2,036,837
215 41205 TAX INCREMENT RECEIPTS 172,030 298,755 143,513 684,272
216 41205 TAX INCREMENT RECEIPTS 0 0 201,103 378,094
225 41205 TAX INCREMENT RECEIPTS 403,527 478,672 521,259 41,942
231 41205 TAX INCREMENT RECEIPTS 14,989 18,846 19,585 15,809
240 41205 TAX INCREMENT RECEIPTS 5,605,884 6,776,502 7,188,765 7,026,043
243 41205 TAX INCREMENT RECEIPTS 3,458 1,036 0 0
41 - TAXES 9,724,156 11,379,587 11,903,432 10,182,997
241 43105 INTEREST, LOANS 50,812 55,761 60,000 0
210 43110 INVESTMENT EARNINGS 18,180 23,059 0 0
225 43110 INVESTMENT EARNINGS 1,225 1,349 0 0
240 43110 INVESTMENT EARNINGS 129,884 117,791 0 0
241 43110 INVESTMENT EARNINGS 9,018 7,406 4,000 0
243 43110 INVESTMENT EARNINGS 433 386 0 0
400 43110 INVESTMENT EARNINGS 2,730 7,107 0 0
100 43242 RENT, FARM LAND 53,962 81,717 53,962 81,717
241 43405 PRINCIPAL, LOANS 340,494 450,128 240,000 0
43 - USE OF MONEY AND PROPERTY 606,738 744,704 357,962 81,717
400 44100 BAB SUBSIDY NON GRANT 23,633 22,612 23,633 0
44 - INTERGOVERMENTAL 23,633 22,612 23,633 0
210 45787 I & C PROPERTY TAX REPLAC 372,267 404,764 403,319 0
225 45787 I & C PROPERTY TAX REPLAC 43,812 52,309 52,308 0
240 45787 I & C PROPERTY TAX REPLAC 244,786 284,143 282,272 0
45 - STATE GRANTS 660,865 741,216 737,899 0
100 51919 DBQ INITIATIVES PAYMENT 24,400 24,400 24,400 27,400
51 - CHARGES FOR SERVICES 24,400 24,400 24,400 27,400
240 53102 PRIVATE PARTICIPANT 350,970 123,625 0 123,625
100 53610 INSURANCE CLAIMS 0 30 0 30
100 53620 REIMBURSEMENTS-GENERAL 6,558 2,956 0 2,956
241 53620 REIMBURSEMENTS-GENERAL 3,073 0 0 0
53 - MISCELLANEOUS 360,601 126,611 0 126,611
210 54105 LAND SALES 432,000 0 0 0
240 54105 LAND SALES 22,181 0 0 0
400 54210 GO BOND PROCEEDS 3,375,000 5,754,950 0 0
400 54220 BOND DISCOUNT 190,713 140,310 0 0
54 - OTHER FINANCIAL SOURCES 4,019,894 5,895,260 0 0
400 59100 FR GENERAL 135,000 728,958 135,000 135,000
100 59210 FR DICW TIF 139,846 286,758 275,613 275,613
400 59210 FR DICW TIF 1,808,922 1,830,524 1,854,927 1,244,291
100 59215 TRANSFER FROM N CASCADE 348 0 0 0
100 59217 FR S POINTE TIF 0 1,989 0 0
100 59218 TSF FROM RUSTIC POINT TIF 0 4,579 0 0
400 59225 FR TECH PARK SOUTH 253,280 256,770 267,200 0
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Recommended Operating Revenue Budget - Department Total
60 - ECONOMIC DEVELOPMENT
Fund Account Account Title
FY16 Actual
Revenue
FY17 Actual
Revenue
FY18 Adopted
Budget
FY19 Recomm'd
Budget
100 59240 FR DOWNTOWN TIF 7,694 13,472 105,254 106,254
400 59240 FR DOWNTOWN TIF 1,659,096 1,623,472 1,536,265 1,653,562
240 59243 TSF FROM DBQ BREW & MALT 0 63,005 0 0
210 59255 FR SPECIAL ASSESSMENT 24,886 0 0 0
100 59610 FR WPC OPERATING 53,652 113,076 0 0
100 59620 FR STORMWATER OPERATING 37,447 36,023 0 0
100 59630 FR PARKING OPERATING 19,320 18,585 0 0
100 59670 FR REFUSE COLLECTION 145,524 139,988 0 0
100 59940 FR DMASWA 59,781 57,507 0 0
59 - TRANSFER IN AND INTERNAL 4,344,796 5,174,706 4,174,259 3,414,720
60 - ECONOMIC DEVELOPMENT TOTAL 19,765,083 24,109,096 17,221,585 13,833,445
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Recommended Operating Expenditure Budget - Department Total
60 - ECONOMIC DEVELOPMENT
Fund Account Account Title
FY16 Actual
Expense
FY17 Actual
Expense
FY18 Adopted
Budget
FY 19 Recomm'd
Budget
100 61010 FULL-TIME EMPLOYEES 164,334 173,576 227,804 234,145
100 61020 PART-TIME EMPLOYEES 34,756 44,785 18,850 20,100
100 61030 SEASONAL EMPLOYEES 5,548 1,521 ——
100 61310 IPERS 17,779 19,500 22,026 24,000
100 61320 SOCIAL SECURITY 13,667 15,716 18,869 19,450
100 61410 HEALTH INSURANCE 32,275 31,800 47,700 42,930
100 61415 WORKMENS' COMPENSATION 1,032 1,001 1,011 984
100 61416 LIFE INSURANCE 129 129 456 187
100 61417 UNEMPLOYMENT INSURANCE 6,240 ———
100 61660 EMPLOYEE PHYSICALS 373 253 ——
61 - WAGES AND BENEFITS 276,133 288,281 336,716 341,796
100 62010 OFFICE SUPPLIES 875 829 892 829
100 62030 POSTAGE AND SHIPPING 275 135 275 135
100 62061 DP EQUIP. MAINT CONTRACTS 17,733 18,316 19,222 19,180
100 62090 PRINTING & BINDING 283 475 289 1,215
100 62110 COPYING/REPRODUCTION 539 974 539 973
100 62130 LEGAL NOTICES & ADS 3,859 3,904 777 616
100 62140 PROMOTION ———500
100 62170 SUBSCRIPTIONS-BOOKS-MAPS ———1,500
100 62190 DUES & MEMBERSHIPS 550 765 561 1,000
100 62206 PROPERTY INSURANCE 8,571 7,518 7,469 7,931
100 62208 GENERAL LIABILITY INSURAN 2,147 1,110 1,165 1,467
100 62230 COURT COSTS & RECORD FEES 2,635 2,455 215 215
100 62310 TRAVEL-CONFERENCES 4,105 8,361 16,925 16,925
100 62320 TRAVEL-CITY BUSINESS 35,482 32,656 34,200 34,200
100 62340 MILEAGE/LOCAL TRANSP —157 50 157
100 62360 EDUCATION & TRAINING 39 361 715 715
100 62415 UTILITY EXPENSE STORMWATR 238 254 254 254
100 62421 TELEPHONE 3,870 3,282 2,661 3,035
100 62431 PROPERTY MAINTENANCE —525 ——
100 62436 RENTAL OF SPACE 1,140 751 1,008 751
100 62645 SPECIAL EVENTS ———3,300
100 62663 SOFTWARE LICENSE EXP 83 51 48 51
100 62669 PROGRAMMING ———18,600
100 62710 CONTRACTOR SERVICES ———1,800
100 62712 CONSULTING ENGINEERS 7,476 9,327 ——
100 62713 LEGAL SERVICES 10,519 29,831 10,000 12,515
240 62713 LEGAL SERVICES —504 ——
400 62713 LEGAL SERVICES 2,332 15,110 ——
100 62716 CONSULTANT SERVICES 193,697 14,226 ——
400 62721 FINANCIAL CONSULTANT 5,729 18,054 ——
400 62731 MISCELLANEOUS SERVICES 30,458 38,404 ——
100 62734 SPEAKERS/PROGRAMS ———1,500
-132-
Recommended Operating Expenditure Budget - Department Total
60 - ECONOMIC DEVELOPMENT
Fund Account Account Title
FY16 Actual
Expense
FY17 Actual
Expense
FY18 Adopted
Budget
FY 19 Recomm'd
Budget
100 62736 CATERING SERVICES 168 ———
100 62737 CONTRACT ADM SERVICE 1,610,731 1,679,283 1,803,366 1,879,971
265 62737 CONTRACT ADM SERVICE 75,000 ———
100 62756 EMPLOYEE RECOGNITION ——1,500 1,500
100 62761 PAY TO OTHER AGENCY 36,389 37,934 35,000 35,000
210 62761 PAY TO OTHER AGENCY 1,703,519 1,796,691 1,941,017 1,330,138
215 62761 PAY TO OTHER AGENCY 32,327 41,545 77,269 80,148
216 62761 PAY TO OTHER AGENCY ——31,632 32,997
225 62761 PAY TO OTHER AGENCY 204,960 231,345 277,084 182,378
229 62761 PAY TO OTHER AGENCY 2,445 ———
231 62761 PAY TO OTHER AGENCY 13,905 13,233 13,233 15,809
240 62761 PAY TO OTHER AGENCY 1,234,537 1,493,431 1,618,528 1,305,900
100 62765 GRANTS 210,130 204,625 210,000 210,000
62 - SUPPLIES AND SERVICES 5,456,746 5,706,422 6,105,894 5,203,205
400 62724 BOND PAYING AGENT FEE 309 ———
627 - CONTRACTUAL SERVICES 309 ———
100 71227 SIGNAGE ———430
100 72418 TELEPHONE RELATED —806 —800
71 - EQUIPMENT —806 —1,230
100 73111 LAND/ACQ-W/IMPROV —1,031 ——
100 73211 CONST.CONTR-NOT BLDG ———900
73 - CIP EXPENDITURES —1,031 —900
400 74111 PRINCIPAL PAYMENT 6,110,240 9,127,642 2,769,154 2,048,744
400 74112 INTEREST PAYMENT 1,299,298 1,165,494 1,024,238 984,109
74 - DEBT SERVICE 7,409,538 10,293,136 3,793,392 3,032,853
100 91100 TO GENERAL 6,000 ———
210 91100 TO GENERAL 139,846 433,402 275,613 275,613
215 91100 TO GENERAL 348 ———
225 91100 TO GENERAL —1,989 ——
240 91100 TO GENERAL —4,579 ——
400 91210 TO DICW 142,398 148,718 239,958 240,958
240 91230 TRANSFER TO E 7TH STRET —63,005 ——
210 91240 TO GR DOWNTOWN TIF ———30,000
212 91240 TO GR DOWNTOWN TIF —67,359 —50,000
210 91360 TO GENERAL CONSTRUCTION 621,491 311,693 1,860,000 310,000
215 91360 TO GENERAL CONSTRUCTION ——610,230 353,055
216 91360 TO GENERAL CONSTRUCTION ——82,267 383,078
240 91360 TO GENERAL CONSTRUCTION —837,471 503,742 1,335,143
210 91400 TO DEBT SERVICE 1,808,922 1,830,524 1,854,927 1,244,291
215 91400 TO DEBT SERVICE 253,280 256,770 267,200 —
225 91400 TO DEBT SERVICE 4,570,286 4,502,666 4,448,825 4,515,999
240 91400 TO DEBT SERVICE ——280,000 19,275
240 91630 TO PARKING OPERATIONS ——85,000 —
240 91730 TO PARKING CONSTRUCTION ———251,069
91 - TRANSFER TO 7,542,571 8,458,176 10,507,762 9,008,481
60 - ECONOMIC DEVELOPMENT TOTAL 20,685,297 24,747,852 20,743,764 17,588,465
-133-
Recommended Expenditure Budget Report by Activity & Funding Source
60 - ECONOMIC DEVELOPMENT
GDTIF ECON DEV EXPENSES - 60200
FUNDING SOURCE: GENERAL
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES 18,476 5,254 6,254
GDTIF ECON DEV EXPENSES 18,476 5,254 6,254
TIF -DBQ INDUST CTR WEST - 60210
FUNDING SOURCE: TIF-METRIX/NORDSTROM
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES 1,796,691 1,941,017 1,330,138
TRANSFER TO 2,575,620 3,990,540 1,829,904
TIF -DBQ INDUST CTR WEST 4,372,311 5,931,557 3,160,042
N CASCADE HOUSING TIF - 60215
FUNDING SOURCE: N CASCADE HOUSING TIF
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES 41,545 77,269 80,148
TRANSFER TO —610,230 604,124
N CASCADE HOUSING TIF 41,545 687,499 684,272
ENGLISH RIDGE HOUSING TIF- 60216
FUNDING SOURCE: ENGLISH RIDGE HOUSING TIF
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES —31,632 32,997
TRANSFER TO —82,267 383,078
ENGLISH RIDGE HOUSING TIF —113,899 416,075
S POINT HOUSING TIF - 60217
FUNDING SOURCE: SOUTH POINTE TIF
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
TRANSFER TO 1,989 0 0
S POINT HOUSING TIF 1,989 0 0
RUSTIC POINT (DERBY) - 60218
FUNDING SOURCE: RUSTIC POINT (DERBY)
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
TRANSFER TO 4,579 0 0
-134-
Recommended Expenditure Budget Report by Activity & Funding Source
60 - ECONOMIC DEVELOPMENT
RUSTIC POINT (DERBY)4,579 0 0
TIF - TECH PARK SOUTH - 60225
FUNDING SOURCE: TIF-TECH PARK SOUTH
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES 231,345 277,084 182,378
TRANSFER TO 256,770 267,200 —
TIF - TECH PARK SOUTH 488,115 544,284 182,378
LAKE RIDGE TIF - 60231
FUNDING SOURCE: TIF - LAKE RIDGE
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES 13,233 13,233 15,809
LAKE RIDGE TIF 13,233 13,233 15,809
TIF -GREATER DOWNTOWN - 60240
FUNDING SOURCE: TIF-DOWNTOWN
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES 1,493,935 1,618,528 1,305,900
TRANSFER TO 5,556,215 5,557,525 6,191,375
TIF -GREATER DOWNTOWN 7,050,149 7,176,053 7,497,275
DBQ BREWING & MALTING TIF- 60243
FUNDING SOURCE: DBQ BREWING MALTING
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES 63,005 ——
DBQ BREWING & MALTING TIF 63,005 ——
ECONOMIC DEVELOPMENT - 60400
FUNDING SOURCE: DEBT SERVICE
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
DEBT SERVICE 728,958 135,000 135,000
ECONOMIC DEVELOPMENT 728,958 135,000 135,000
SOUTH POINTE - 60540
FUNDING SOURCE: GENERAL
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES 2,391 ——
SOUTH POINTE 2,391 ——
-135-
Recommended Expenditure Budget Report by Activity & Funding Source
60 - ECONOMIC DEVELOPMENT
DERBY GRANGE TIF - 60560
FUNDING SOURCE: GENERAL
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
CIP EXPENDITURES 1,031 ——
SUPPLIES AND SERVICES 3,548 ——
DERBY GRANGE TIF 4,579 ——
DICW ECON DEV EXPENSES - 60600
FUNDING SOURCE: GENERAL
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
SUPPLIES AND SERVICES 18,808 5,000 5,000
DICW ECON DEV EXPENSES 18,808 5,000 5,000
ECONOMIC DEVELOPMENT - 60700
FUNDING SOURCE: GENERAL
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
EQUIPMENT 806 —400
SUPPLIES AND SERVICES 1,762,801 1,886,222 1,965,508
TRANSFER TO ———
WAGES AND BENEFITS 257,776 259,997 265,455
ECONOMIC DEVELOPMENT 2,021,383 2,146,219 2,231,363
GDTIF DEBT SERVICE - 60910
FUNDING SOURCE: DEBT SERVICE
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
CONTRACTUAL SERVICES ———
DEBT SERVICE 6,140,932 1,536,265 1,653,562
SUPPLIES AND SERVICES 59,145 ——
GDTIF DEBT SERVICE 6,200,077 1,536,265 1,653,562
TECH PARK DEBT SERVICE - 60920
FUNDING SOURCE: DEBT SERVICE
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
DEBT SERVICE 256,770 267,200 —
TECH PARK DEBT SERVICE 256,770 267,200 —
DICW DEBT SERVICE - 60930
FUNDING SOURCE: DEBT SERVICE
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
CONTRACTUAL SERVICES ———
DEBT SERVICE 3,166,475 1,854,927 1,244,291
SUPPLIES AND SERVICES 12,423 ——
-136-
Recommended Expenditure Budget Report by Activity & Funding Source
60 - ECONOMIC DEVELOPMENT
DICW DEBT SERVICE 3,178,899 1,854,927 1,244,291
ARTS AND CULTURAL AFFAIRS- 72500
FUNDING SOURCE: GENERAL
Account FY17 Actual Expense FY18 Adopted Budget FY19 Recomm'd Budget
CIP EXPENDITURES ——900
EQUIPMENT ——830
SUPPLIES AND SERVICES 252,080 250,655 279,073
WAGES AND BENEFITS 30,504 76,719 76,341
ARTS AND CULTURAL AFFAIRS 282,584 327,374 357,144
ECONOMIC DEVELOPMENT TOTAL $24,747,852.78 $20,743,764.00 $17,588,465.00
-137-
C I T Y O F D U B U Q U E , I O W A
DEPARTMENT DETAIL - PERSONNEL COMPLEMENT
60 ECONOMIC DEVEL DEPT
FY 2017 FY 2018 FY 2019
FD JC WP-GR JOB CLASS FTE BUDGET FTE BUDGET FTE BUDGET
61010 Full Time Employee Expense
100 5900 GE-43 ECONOMIC DEVELOP DIRECTOR 1.00 $114,172 1.00 $122,501 1.00 $124,322
100 1210 GE-30 ARTS & CULTURAL AFFAIRS COORD 0.00 $—1.00 $52,000 1.00 $52,790
100 GE-30 PROJECT MANAGER 1.00 $49,798 1.00 $53,303 1.00 $57,033
TOTAL FULL TIME EMPLOYEES 2.00 $163,970 3.00 $227,804 3.00 $234,145
61020 Part Time Employee Expense
100 225 GE-25 CONFIDENTIAL ACCOUNT CLERK 0.50 $18,481 0.50 $18,850 0.50 $20,100
100 1210 GE-30 ARTS & CULTURAL AFFAIRS COORD 0.50 $24,231 0.00 $—0.00 $—
TOTAL PART TIME EMPLOYEES 1.00 $42,712 0.50 $18,850 0.50 $20,100
TOTAL ECONOMIC DEVEL DEPT 3.00 $206,682 3.50 $246,654 3.50 $254,245
-138-
CITY OF DUBUQUE, IOWA
ACTIVITY PERSONNEL COMPLEMENT SUMMARY
FY 2017 FY 2018 FY 2019
ACCT FD JC WP-GR POSITION CLASS FTE BUDGET FTE BUDGET FTE BUDGET
Economic Development-FT General Fund
10060700 61010 100 5900 GE-43 ECONOMIC DEVELOP DIRECTOR 1.00 $114,172 1.00 $122,501 1.00 $124,322
10060700 61010 100 2075 GE-30 PROJECT MANAGER 1.00 $49,798 1.00 $53,303 1.00 $57,033
Total 2.00 $163,970 2.00 $175,804 2.00 $181,355
Economic Development-PT General Fund
10060700 61020 100 225 GE-25 ACCOUNT CLERK CONFIDENT 0.50 $18,481 0.50 $18,850 0.50 $20,100
Total 0.50 $18,481 0.50 $18,850 0.50 $20,100
Arts and Cultural Affairs - FT General Fund
10072500 61010 100 1210 GE-30 ARTS & CULTURAL AFFAIRS COORD.0.00 $—1.00 $52,000 1.00 $52,790
Total 0.00 $—1.00 $52,000 1.00 $52,790
Arts and Cultural Affairs - PT General Fund
10072500 61020 100 1210 GE-30 ARTS & CULTURAL AFFAIRS COORD.0.50 $24,231 0.00 $—0.00 $—
Total 0.50 $24,231 0.00 $—0.00 $—
TOTAL ECONOMIC DEV. DEPT 3.00 $206,682 3.50 $246,654 3.50 $254,245
-139-
Capital Improvement Projects by Department/Division
ECONOMIC DEVELOPMENT
CIP
Number Capital Improvement Project Title
FY 16 Actual
Expense
FY 17 Actual
Expense
FY 18 Adopted
Budget
FY 19 Recomm'd
Budget
1001111 BROWNFIELDS GRANT 28,301 71,182 ——
1002279 IFA DT HOUSING LOAN POOL —100,000 135,000 135,000
1002567 DT BROWNFIELDS ASSESSMENT 89,433 62,089 ——
1002567H DT BROWNFIELDS ASSESSMENT 95,422 46,591 ——
2411033 LOAN POOL, DOWNTOWN TIF 600,000 ———
2411942 DOWNTOWN REHAB GRANT PROG 96,393 21,400 —30,000
2632341 CDBG GRANT - CARADCO 16,291 ———
2651247 HISTORIC PRES. REV. LOAN ——9,270 9,270
3601842 WORKFORCE DEVELOPMENT 279,000 341,000 310,000 310,000
3602160 DESIGN SOUTH SIEGERT FARM 45,259 286,225 ——
3602267 DOWNTOWN HOUSING INCENT 90,000 30,000 ——
3602436 WASH NEIGH BUSINESS INCEN 38,259 142,667 —30,000
3602437 FUTURE IND ACQUISITIONS 3,487,934 204,000 ——
3602438 WASH NEIGH DT INCENT 14,412 30,000 —90,000
3602439 MILLWORK DT INCENTIVES 160,000 ———
3602561 CENTRAL STREETSCAPE PLAN 0 0 20,000 0
3602679 CENTRAL AVE COORIDOR INIT 0 20,553 40,000 40,000
3602725 DIC MCFADDEN SIGNS 0 0 50,000 0
7001853 ART IN PORT OF DUBUQUE 16,495 26,393 0 0
ECONOMIC DEVELOPMENT TOTAL 5,057,198 1,382,099 564,270 644,270
-140-
PRGRM/
DEPT PROJECT DESCRIPTION FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 TOTAL PAGE
ECONOMIC DEVELOPMENT
Community and Economic Development
Workforce Development $310,000 $310,000 $310,000 $310,000 $310,000 $1,550,000 267
Historic Preservation Revolving
Loan $9,270 $9,270 $9,270 $9,270 $9,270 $46,350 268
Central Ave Corridor Initiative $40,000 $40,000 $40,000 $40,000 $—$160,000 269
Greater Downtown Urban
Renewal District Incentive &
Rehab Program $90,000 $30,000 $60,000 $130,000 $180,000 $490,000 270
Downtown Rehabilitation Loan
Program $—$300,000 $—$—$—$300,000 271
Central Avenue Streetscape
Master Plan Implementation $—$—$20,000 $20,000 $—$40,000 272
Washington Neighborhood
Façade Program $30,000 $—$20,000 $70,000 $60,000 $180,000 273
Downtown Rehab Grant
Program $30,000 $—$20,000 $70,000 $60,000 $180,000 274
Chaplain Schmitt Island Master
Plan Implementation $—$—$—$45,000 $—$45,000 275
Dubuque Industrial Center
Signs $—$—$—$—$50,000 $50,000 276
Dubuque Industrial Center
South Signs $—$—$—$—$80,465 $80,465 277
Development of Graf Properties $—$—$—$—$217,000 $217,000 278
Develop McFadden Property $—$—$—$—$217,000 $217,000 279
Total - Economic Development $509,270 $689,270 $479,270 $694,270 $1,183,735 $3,555,815
Economic Development
FY 2018 REVIEW & FY 2019 BUDGET
1
Economic Development Division
Economic Development
Arts & Culture
2
Department Organizational Chart
Director
Project
Coordinator
Arts
Coordinator
PT Account
Clerk
3
Economic Development Programs
Urban Renewal (TIF)
Urban Revitalization
Downtown Rehabilitation
Grants (Façades)
Downtown Housing
Incentives
Development Agreements
4
Tax Increment Financing (TIF)
5
Tax Increment Financing (TIF) –
Downtown Impact
City Incentives committed 1995-2017:$32,247,162
Leveraged Investment:$273,791,805
1995-2006 $5.48 to $1.00 RETURN ON INVESTMENT
2007-2017 $9.51 to $1.00 RETURN ON INVESTMENT
20-YR AVERAGE $8.49 to $1.00 RETURN ON INVESTMENT
(Totals as of December 2017)
6
$32,247,161.58 $32,247,161.58
Tax Increment Financing (TIF) –
Industrial Parks & Senior Housing
City Incentives committed 1999-2017:$35,737,434
Leveraged Investment:$175,592,593
1999-2006 $1.78 to $1.00 RETURN ON INVESTMENT
2007-2017 $5.99 to $1.00 RETURN ON INVESTMENT
20-YR AVERAGE $4.91 to $1.00 RETURN ON INVESTMENT
(Totals as of December 2017)
7
Tax Increment Financing (TIF) –
Community-Wide Impact
INCREASED EMPLOYMENT
Jobs Created 3,250
Jobs Retained 4,689
INCREASED PROPERTY TAX REVENUE –from new housing
INCREASED SALES TAX REVENUE –from retail spending
INCREASED STATE FUNDING FOR SCHOOLS –from higher student population
8
TIF SUBAREAS RETIRED$750,000 in new general fund tax revenue
$234,752
$795,174
$170,958
$579,086
$99,532
$337,144
$17,264
$58,478
$9,854 $33,377
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Tech Park South -2019 DICW - Subarea B -2019
Retiring TIF -New Tax Money to Taxing Bodies in Fiscal Year 2019
DCSD City County NICC Other
TAX INCREMENT
FINANCING
SUCCESS IN
DUBUQUE, IOWA
PROJECT SNAPSHOT:
TIF Investment:
10 years of TIF rebates
Total Company
Investment:
$9,000,000
Employment Impact:
Retention of 101 jobs
35 new jobs
Flexsteel –Corporate Headquarters
10
TAX INCREMENT
FINANCING
SUCCESS IN
DUBUQUE, IOWA
PROJECT SNAPSHOT:
TIF Investment:
TIF rebates for new
facility
Total Company
Investment:
$25,000,000
Employment Impact:
Retention of 200 jobs
Flexsteel –Jackson Street Facility
11
TAX INCREMENT
FINANCING
SUCCESS IN
DUBUQUE, IOWA
PROJECT SNAPSHOT:
TIF Investment:
10 years of TIF rebates
Total Investment:
$25,000,000
Employment Impact:
Retention of 200 jobs
Flexsteel –New Manufacturing Facility -
Retaining a Multi-Generational Employer
12
Historic Federal
Building
Improved Access to Government--
Without TIF eligibility for public buildings, this building would become abandoned and fall into disrepair, inviting blight and crime in our urban center.
13
Economic Development:
Building a bright future
14
THE CITY OF DUBUQUE
HAS LAUNCHED A NEW
INITIATIVE TO
REVITALIZE THE
CENTRAL AVENUE
CORRIDOR (CAC).
15
Historic Buildings along Dubuque’s
Central Avenue Corridor
16
Washington Neighborhood
Mixed -Use Development
17
Revitalizing Dubuque’s True North
18
Partnering with the private
sector, nonprofits, and service
providers, working to ensure that
every citizen in every
neighborhood reaches their full
potential.
Historic Millwork District
Mixed -Use Development
19
Historic warehouses in the Millwork District have been preserved and
transformed into mixed-use, attracting both residential and commercial
uses to successfully activate the area.
20
Historic Millwork District Progress
21
Historic Millwork District Progress
Novelty Ironworks Building –Phase I completed
Four -s tory, 84 -room Marriott TownePlace Suites hotel in process,
1100 Jackson Street
New office and retail space, 1065 Jackson Street
7 Hills Brewing Co., 1085 Washington Street
Backpocket Brewery, 333 E. 10th Street
22
South Port –Area Wide Use Plan
South Port North Port
23
Chaplain Schmitt Island
2014 Master Plan –now ready for
implementation.
24
Southwest Arterial
1 Improved highway
access to regional
markets from industrial
areas
2 Business growth for
production and
suppliers in nearby
business parks
3 Increased service at
Dubuque Regional
Airport from business
expansion
25
Downtown Façade & Rehabilitation
Projects
2062 White Street
Before …
26
Downtown Façade & Rehabilitation
Projects
2062 White Street
After…
27
Brownfield Programs –EPA Grants –
Assessment, Planning, Redevelopment
$800,000 in EPA grants awarded to
Dubuque the past 5 years.
28
Industrial Center West/South –
Roasting Solutions
29
Industrial Center West/South –
Rite Hite
30
Industrial Center West/South –
Interstate Power Solar Array
31
City Property
Certified
‘Development-
Ready’ with IEDA
McFadden Properties
(163.06 acres) certified
32
Tech Park –
Rockfarm & Kunkel
33
Housing Urban Renewal Areas –
English Ridge, North Cascade Road
34
Housing Urban Renewal Areas –
Derby Grange, South Pointe
35
State of Iowa Programs
High Quality Jobs
Provides qualifying businesses tax credits and direct financial
assistance to off-set the cost incurred to locate, expand or modernize
an Iowa facility.
Iowa Industrial New Jobs Training (260E)
Provides businesses, which are expanding their Iowa workforce, with
new employee training –administered by NICC in Dubuque.
Revitalize Iowa Sound Economy (RISE):
Provides assistance in promoting economic development in Iowa
through the construction or improvement of Iowa roads.
36
State of Iowa Programs
Brownfield Tax Credit
Brownfield sites are abandoned, idled or underutilized industrial or commercial
properties where real or perceived environmental contamination prevents
productive expansion or redevelopment
Grayfield Tax Credit
Grayfield sites are industrial/commercial properties that are vacant, blighted,
obsolete or underutilized
State Historic Tax Credit (SHTC):
Tax credit equal to 25% of qualified historic preservation expenses.
37
Federal Programs
New Markets Tax Credits (NMTC):
Tax incentive provided to private investors that infuse capital into businesses or
projects in low-income communities.
Federal Historic Tax Credit (FHTC):
Tax credit equal to 20% of qualified historic preservation expenses. Encouraging
legislators to support this credit in new tax code.
38
Results –
Job Creation
Low Unemployment rate in Dubuque:
December 2016: 3.4%(U.S. average 4.7%)
December 2017: 2.4%(U.S. average 4.1%)
Job Creation & retail expansion:
FY17 –45 new restaurants & 6 new food trucks
FY18 to date –17 new restaurants, with several more pending
Expansions/Improvements: Flexsteel, Cottingham & Butler, John Deere,
Heartland Financial, Lamar Advertising
40% of 341 Dubuque area businesses plan to expand
39
Results –
Increasing Wages
12% increase in local
wages over past 5 years
40
Economic Benefits –
Low Tax Rate
Property Tax Rate:
•Dubuque has the SECOND LOWEST FY2017 property tax rate ($10.60) of
Iowa’s 11 cities with populations over 50,000.
•Highest-ranked city (Council Bluffs -$17.91) is 69% higher than Dubuque
•Average of 11 cities ($15.29) is 44% higher than Dubuque
41
Economic Benefits –
Real Estate Improvements
First half 2017 –record number of homes sold
Dubuque sales increase of 20% (Iowa City 15%, Muscatine 15%,
area average 12%)
Home price appreciation in Dubuque 2.35%
Sales prices of homes sold –up 7% in past year
Home inventory decreasing –down 8% in region
New housing starts down 52% in past year
42
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
2009 2010 2011 2012 2013 2014 2015
PE
R
C
E
N
T
A
G
E
AXIS TITLE
Poverty in Iowa
Ames city, Iowa Cedar Rapids city, Iowa Council Bluffs city, Iowa Davenport city, Iowa Des Moines city, Iowa
Dubuque city, Iowa Iowa City city, Iowa Sioux City city, Iowa Waterloo city, Iowa West Des Moines city, Iowa
43
Economic Challenge –Rising Poverty Across Iowa
Economic Challenge –
Workforce
2.4% unemployment
44
Meeting the Workforce Challenge
Opportunity Dubuque
609 participants to date
493 graduates
Job placement or continuing
education rate of 95%
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Meeting the Workforce Challenge
Through Partnerships
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Meeting the Workforce Challenge
Through Partnerships
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New Initiatives –Retail Focus
Promotion of Storefront space in Central Avenue Corridor
Retail Gap Analysis
◦A summary of primary spending gaps, by retail category
◦Measures actual consumer expenditures in trade area,
compares to potential retail revenue –the difference reflects
“leakages”, folks traveling for certain goods/services
◦Useful tool to gauge retail supply & demand in the community
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Arts and Cultural Affairs
ACTIVITY OF 2017 -2018
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•Grants
•Art on the River
•Arts and Cultural Master Plan
•Arts and Business initiatives
•Art in the Park: Snow Sculpting Event
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Arts and Cultural Affairs
Activities
Arts Grants
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Implemented independent, unaffiliated
jury adjudication
Have been used as a model for other
city grants
$210,000 supported 16 organizations
Operating Support Grant applicants…
Describe how their organization supports the city’s arts and
culture goals
Describe their organization’s demonstrated artistic or cultural
excellence and leadership
Demonstrate the impact of the organization on the Dubuque
community
Are strongly encouraged to use available resources to keep up
with ICC education
www.cityofdubuque.org/grants
$210,000 supported 16 organizations in FY18 cap $30,000
$200,000 supported 14 organizations in FY11 cap $40,000
$200,000 supported 12 organizations in FY06 cap $50,000.
Arts Grants
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Special Project Grants applicants…
describe diversity, equity and inclusion in planning, marketing, and
execution of the project
describe the nature of their collaboration with other organizations
are strongly encourage the use of available resources to keep up
with ICC education
Questions regarding diversity, equity, inclusion and
collaboration account for almost 1/3 of available points an
applicant can score.
Implemented independent, unaffiliated
jury adjudication
Has been used as a model for other city
grants
$35,000 supported 5 arts organizations
and their partners
www.cityofdubuque.org/grants
Art On The River
initiatives
Keynote Speaker: Patricia
Walsh Americans for the Arts
Public Art Manager
*NEW*Art on the River
Workshop: Community and the
Implementation of Public Art
*NEW*All youth musicians
performed at the 2nd AOTR
Youth Reception and Tour
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Arts Master Plan
Community
Enactment Strategy
The City Council approved the Arts and
Cultural Master Plan Community Enactment
Strategy (CES). The CES
•Prioritizes the 76 recommendations
•Defines roles of stakeholders involved
•Assigns the Master Plan
recommendations by working group
•Sets a realistic time line for completion
of tasks
•Sets expectations for how the
community can participate
To learn more about the plan and get involved, the visit
www.cityofdubuque.org/taskforcesignup
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Arts & Business
Luncheon
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From Philanthropy to investment: Aligning Arts & Business Strategies
to Support Economic Vitality and Growth.
•Focus on business relationship with the arts
•100 participants
•30 businesses (local regional and national)
•4 local partners
•3 municipalities
•Goal of creating more cohesion between 2 major local
communities
www.cityofdubuque.org/artsbiz
Business of the
Arts
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Making a Living, Making Music: Employing business strategies,
delivery systems and practical advice to amplify the reach and
revenue of creative work.
•*New addition to Arts & Business initiative
•25 participants
•5 local partners
•Goal : amplifying the arts as a thriving local industry and
providing opportunities for artists and creatives to view their
contribution as such
www.cityofdubuque.org/artsbiz
Art in the Park:
Public Art pilot
This pilot’s is based on concepts
derivative from the Arts and Cultural
Master Plan Priority C ( Foster
Engagement at All levels):
•Increase community participation
in the arts
•Provide access to underserved
neighborhoods
•Provide opportunities for local and
regional artists
•Utilize public spaces for the arts
•Create community around arts and
cultural activities
•Encourage partnerships with art
and local organizations
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www.cityofdubuque.org/ArtinthePark
Improvement/expansion opportunities
ART ON THE RIVER
Maintain landmark program
Improve Private /Public partnership
Expansion of program to include new
and emerging public art forms
FUTURE INITIATIVES
Arts Master Plan implementation
Art in the Park
Cultural Heritage Grant pilot
Arts and Science Alliance
Continued engagement and educational
possibilities
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Improvement package request -$35,000
Operations
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Day -to -Day Operations
Draft & manage Development Agreements, grant programs, monitor annual job certification, coordinate with Budget Office on TIF rebate payments, meet/coordinate with new & existing Partners
82 ACTIVE PORTFOLIOS + dozens of closed portfolios
Nearly 8,000 jobs created and retained
Over 360 downtown residential units completed
70 affordable assisted living units
320 new hotel rooms downtown/Port of Dubuque
Approximately $500,000,000 capital investment leveraged
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Day -to -Day Operations
•Dubuque Initiatives staff support (monthly board meetings, asset
management, coordination with property management staff)
•Legislative/Policy review (Tax Increment Financing, Historic Tax
Credit, Workforce Housing, Small Business issues, etc.)
•Urban Renewal Area Plans (maintain state/local compliance, amend
areas as needed for City goals)
•EPA Brownfields Grant Administration
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Contracted Services [FY 19]
Dubuque Convention & Visitors Bureau $1,134,522
Dubuque Area Labor Management Council $30,000
Dubuque Main Street $74,276
Greater Dubuque Development Corporation $470,613
Prosperity Eastern Iowa [ECIA]$5,085
Access Dubuque $5,475
America’s River Corporation [Festival]$10,000
Inclusive Dubuque [Community Foundation]$75,000
Project HOPE [Community Foundation]$75,000
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CIP –proposed budgets [FY19]
Historic Preservation Revolving Loan Fund $9,270
Central Avenue Streetscape Master Plan Implementation $20,000
Central Avenue Corridor Initiative $40,000
Downtown Rehabilitation Loan Program $300,000
Washington Neighborhood Rehabilitation Grant Program $200,000
Downtown Rehabilitation Grant Program $175,000
Greater Downtown Urban Renewal District Incentive
& Rehabilitation Program $100,000
(Downtown Totals)$844,270
(expected RETURN ON INVESTMENT Downtown)$8,029,008
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CIP –proposed budgets [FY19] [continued]
Workforce Development $310,000
Dubuque Industrial Center McFadden Signs $50,000
Dubuque Industrial Center South Signs $50,000
Development of Graf Properties $0
Development of McFadden Properties $0
Chaplain Schmitt Island Master Plan $150,000
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Improvement Package
Art on the River $35,000
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Thank You
THE ECONOMIC DEVELOPMENT DEPARTMENT
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