Sky Blue Housing Urban Renewal Area_Hearing Copyrighted
August 5, 2019
City of Dubuque Public Hearings # 3.
ITEM TITLE: SkyBlue Housing Urban RenewalArea
SUMMARY: Proof of publication on notice of public hearing to consider
approval an Urban Renewal Plan for the Sky Blue Housing
Urban Renewal Area and the City Manager recommending
approval.
RESOLUTION Approving the Urban Renewal Plan for the
Sky Blue Housing Urban Renewal Area
SUGGESTED DISPOSITION: Suggested Disposition: Receiveand File;Adopt
Resolution(s)
ATTACHMENTS:
Description Type
Sky Blue Housing Urban Renewal Area-MVM Memo City Manager Memo
Staff Memo Staff Memo
Proof of Publication Supporting Documentation
Urban Renewal Plan Supporting Documentation
AttachmentA- area map Supporting Documentation
Attachment B1 - Existing Land Use Supporting Documentation
Attachment B2 - Proposed Land Use Supporting Documentation
Attachment C - Bonded I ndebtedness Supporting Documentation
Attachment D - Legal Description Supporting Documentation
Attachment E - Zoning Supporting Documentation
Financial Estimates Supporting Documentation
Tabng Body Consultation Minutes Supporting Documentation
Long Range Planning &Advisory Commission Supporting Documentation
Recommendation
Resolution of Adoption Resolutions
Dubuque
THE CITY OF �
uI�AaMca cih
DuB E � �
I � � I
Maste iece on the Mississi i Zoo�•zoiz•zois
YP pp zoi�*zoi9
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Urban Renewal Plan for the Sky Blue Housing Urban Renewal Area
DATE: August 1, 2019
Economic Development Director Jill Connors recommends City Council approval of a
resolution adopting the Urban Renewal Plan for the Sky Blue Housing Urban Renewal
Area.
The Plan was reviewed by the Long Range Planning Advisory Commission in July
2019. The Long Range Planning Advisory Commission has forwarded its
recommendation to the City Council affirming that the Plan is consistent with the City's
Comprehensive Plan for development.
The primary goal of the Plan is to stimulate, through public involvement and
commitment, private investment in new housing and residential development as defined
by the lowa Code Section 403.17(12). This proposed Area would result in improved
roads and utilities in the Area, as well as funding to assist with low, moderate-income
family housing anywhere within the City at large. In particular, the Area would provide
for utility improvements in the Area, including the addition of a water tower.
With the 10-year life of the Urban Renewal Area, it is projected to generate
approximately $715,000 in increment with $272,000 going to low, moderate-income
affordable housing throughout the community and $442,000 going to improvements in
the Area.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
v
Mic ael C. Van Milligen
MCVM:jh
Attachment
cc: Crenna Brumwell, City Attorney
Teri Goodmann, Assistant City Manager
Cori Burbach, Assistant City Manager
Jill M. Connors, Economic Development Director
2
Dubuque Economic Development
Department
THE CITY OF � 50 West 13th Street
All•AmericaCity Dubuque,lowa 52001-4864
U� � "A°NA"�``'�`"� Office(563)589-4393
1 I I�I TTY(563)690-6678
http://www.cityofdu buq ue.org
2007*2012*2013
Masterpiece on the Mississippi 2oi�*Zoi9
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
SUBJECT: Urban Renewal Plan for the Sky Blue Housing Urban Renewal Area
DATE: July 28, 2019
INTRODUCTION
The purpose of this memorandum is to forward for City Council review and approval the
Urban Renewal Plan (Plan) for the Sky Blue Housing Urban Renewal Area (Area).
BACKGROUND
By Resolution 250-19 on July 1, 2019, City Council adopted a resolution of necessity,
directing staff to create a Plan related to housing and residential development. Staff
has prepared a Plan for the Area.
DISCUSSION
The primary goal of the Plan is to stimulate, through public involvement and
commitment, private investment in new housing and residential development as defined
by the lowa Code Section 403.17(12). This proposed Area would result in improved
roads and utilities in the Area, as well as funding to assist with LMI family housing
anywhere within the City at large. In particular, the Area would provide for utility
improvements in the Area, including the addition of a water tower.
With the 10-year life of the Urban Renewal Area, it is projected to generate
approximately $715,000 in increment with $272,000 going to LMI affordable housing
throughout the community and $442,000 going to improvements in the Area. See
attached financial summary. However, the Plan allows for a much greater contribution
toward infrastructure in the event the Area would produce more increment than currently
anticipated.
A consultation process was conducted with the affected taxing entities as required by
Chapter 403 of the lowa Code. Prior to the meeting, the taxing entities were mailed
copies of the Plan and the Notice of Public Hearing. The required consultation to
discuss, question, or object to the findings in these documents was held on July 9,
2019. There were no representatives from the taxing entities in attendance. Minutes
are attached.
The Plan was reviewed by the Long Range Planning Advisory Commission in July
2019. The Long Range Planning Advisory Commission has forwarded its
recommendation to the City Council affirming that the Plan is consistent with the City's
Comprehensive Plan for development.
The notice of public hearing was published on July 19, 2019 in accordance with
publication requirements.
RECOMMENDATION/ ACTION STEP
I recommend that following the public hearing, the attached resolution adopting the
Urban Renewal Plan for the Sky Blue Housing Urban Renewal Area be approved to
support reinvestment efforts in the Area and for LMI residents in our community.
Prepared By: Jill Connors, ED City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4393
Return To: Kevin Firnstahl, City Clerk City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4121
RESOLUTION NO. 281-19
APPROVING THE URBAN RENEWAL PLAN FOR THE SKY BLUE HOUSING URBAN
RENEWAL AREA
Whereas, by Resolution 250-19 approved on July 1, 2019, the City Council of the City
of Dubuque, Iowa authorized the preparation of an Urban Renewal Plan (the "Plan") for
the Sky Blue Housing Urban Renewal Area (the"Area"); and
Whereas, the City of Dubuque's primary objective for the Plan is to provide public
improvements related to housing and residential development and provide housing
opportunities, including assistance for low and moderate income family housing, which
will further economic development purposes and objectives as described in the Plan in
the Area; and
Whereas, a consultation process has been undertaken with affected taxing entities in
accordance with Chapter 403 of the Code of Iowa with no written objections or
recommended changes to the Plan received; and
Whereas, the Iowa statutes require the City Council to submit the proposed Plan to the
City's Long Range "'Planning Commission for review and recommendation as to its
conformity with the general plan for development of the City as a whole, prior to City
Council approval thereof; and
Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa, has
held a public hearing on the proposed Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA THAT:
Section 1. The Urban Renewal Plan for the Sky Blue Housing Urban Renewal Area is
hereby approved; that a feasible method exists for the location of any families who will be
displaced from the District into decent, safe and sanitary dwelling accommodations within
their means and without undue hardship to such families; and that the Plan conforms to
the general plan of the City as a whole.
Section 2. The Sky Blue Housing Urban Renewal Area is an economic development
area within the meaning of Iowa Code Chapter 403; that such area is eligible for
designation as an urban renewal area and otherwise meets all requisites under the
provisions of Chapter 403 of the Code of Iowa; and that the rehabilitation, conservation,
redevelopment, development, or a combination thereof, of such area is necessary in the
interest of the public health, safety or welfare of the residents of this City.
Section 3. The acquisition of land within the Urban Renewal Area by the City is not
immediately expected, however, as to any areas of open land to be acquired by the City
included within the Urban Renewal Area, the Sky Blue Housing Urban Renewal Area is
to be developed for residential uses, and that this City Council hereby determines that a
shortage of housing of sound standards and design with decency, safety and sanitation
exists within the City; that the acquisition of the area for residential uses is an integral part
of and essential to the program of the municipality; and that one or more of the following
conditions exist:
a. That the need for housing accommodations has been or will be increased as
a result of the clearance of slums in other areas, including other portions of the
urban renewal area.
b. That conditions of blight in the municipality and the shortage of decent, safe
and sanitary housing cause or contribute to an increase in and spread of disease
and crime, so as to constitute a menace to the public health, safety, morals, or
welfare.
c. That the provision of public improvements related to housing and residential
development will encourage housing and residential development which is
necessary to encourage the retention or relocation of industrial and commercial
enterprises in this state and its municipalities.
d. The acquisition of the area is necessary to provide for the construction of
housing for low and moderate income families.
Section 4 .Notwithstanding any resolution, ordinance, plan, amendment or any other
document, the Plan shall be in full force and effect from the date of this Resolution until
the Council amends or repeals the Plan.
Section 5. The City Clerk of the City of Dubuque, Iowa is hereby authorized and
directed to file a certified copy of this Resolution and the Plan in the office of the Dubuque
County Auditor.
Passed, approved and adopted this 5th day of August 2019.
Roy D. Buol, Mayor
Attest:
KevyKS. Firnstahl, City Clerk
URBAN RENEWAL PLAN
Sky Blue Housing Urban Renewal Area
City of Dubuque, lowa
Version 2019.1
TABLE OF CONTENTS
A. INTRODUCTION
B. DESCRIPTION OF THE URBAN RENEWAL AREA
C. DISTRICT DESIGNATION
D. BASE VALUE
E. DEVELOPMENT PLAN
F. RESIDENTIAL DEVELOPMENT
G. AREA OBJECTIVES
H. TYPE OF RENEWAL ACTIVITIES
I. PROPOSED PROJECT
J. FINANCIAL DATA
K. PROPERTY ACQUISITION/DISPOSITION
L. RELOCATION
M. STATE AND LOCAL REQUIREMENTS
N. SEVERABILITY
O. URBAN RENEWAL PLAN AMENDENTS
P. EFFECTIVE PERIOD
ATTACHMENTS
-2-
A. INTRODUCTION
This Urban Renewal Plan for the Sky Blue Housing Urban Renewal Area ("Plan"
or "Urban Renewal Plan") has been developed to help local officials promote
economic development in the City of Dubuque ("City"). The primary goal of the
Plan is to stimulate, through public involvement and commitment, private
investment in new housing and residential development as defined by the lowa
Code Section 403.17(12).
In order to achieve this objective, the City intends to undertake urban renewal
activities pursuant to the powers granted to it under Chapter 403 and Chapter
15A of the Code of lowa, as amended.
B. DESCRIPTION OF THE URBAN RENEWAL AREA
The Sky Blue Housing Urban Renewal Area ("Area" or "Urban Renewal Area") is
illustrated in Attachments A, B-1 , and B-2 and described in Attachment D.
The City reserves the right to modify the boundaries of the Area at some future
date.
C. DISTRICT DESIGNATION
With the adoption of this Plan, the City of Dubuque designates this Urban
Renewal Area as an economic development area that is appropriate for the
provision of public improvements related to housing and residential development.
D. BASE VALUE
If the Sky Blue Housing Urban Renewal Area is legally established and debt is
certified prior to December 1 , 2019, the taxable valuation within the Urban
Renewal Area as of January 1 , 2018, will be considered the "base valuation." If
debt is not certified until a later date, the "base value" will be the assessed value
of the taxable property in the Urban Renewal Area as of January 1 of the
calendar year preceding the calendar year in which the City first certifies the
amount of any debt.
E. DEVELOPMENT PLAN
-3 -
The City Council has approved a general plan for the physical development of
the City as a whole, outlined in the 2017 City of Dubuque Comprehensive Plan
that was adopted by the City Council on September 18, 2017. The goals,
objectives, and projects in this Urban Renewal Plan are consistent with the City's
Comprehensive Plan.
The Sky Blue Housing Urban Renewal Area is zoned: PR (Planned Residential)
and R-1 (Single Family Residential). See Attachment E for details.
This Urban Renewal Plan does not in any way replace the City's current land use
planning or zoning regulation process.
For details on current and proposed land use, see attached land use maps,
Attachments B-1 and B-2.
F. RESIDENTIAL DEVELOPMENT
The City's objective in the Sky Blue Housing Urban Renewal Area is to promote
new housing and residential development.
When the City undertakes a project to provide or aid in the provision of public
improvements related to housing and residential development in an economic
development area, the City must assure that the project will include assistance
for LMI family housing. Unless a reduction is approved by the lowa Economic
Development Authority, the amount to be provided for LMI housing shall be
either equal to or greater than the percentage of the original project cost that is
equal to the percentage of LMI residents for Dubuque County. LMI families are
those whose incomes do not exceed 80°k of the median Dubuque County
income. LMI families include single person households.
The percentage of LMI families living in Dubuque County, as determined by the
U.S. Department of Housing and Urban Development using Section 8 guidelines
is currently 38.1 °k. Not less than 38.1°k of incremental revenues will be used by
the City to provide LMI family housing assistance.
The assistance for LMI family housing may be provided anywhere within the City
and may include, but is not limited to:
1 . Lots for LMI housing within or outside the urban renewal area;
2. Construction of LMI housing within or outside the urban renewal area;
-4-
3. Grants, credits or other direct assistance to LMI families living within or
outside the urban renewal area, but within the area of operation of the
municipality;
4. Payments to a LMI housing fund established by the City to be expended
for one or more of the above purposes, including matching funds for any
state or federal moneys used for such purposes.
G. AREA OBJECTIVES
Renewal activities are designed to provide opportunities, incentives, and sites for
new residential development within the district and to provide housing assistance
to LMI families.
More specific objectives for development within the Sky Blue Housing Urban
Renewal Area are as follows:
1 . To alleviate and prevent conditions of unemployment and a shortage of
housing; and that it is accordingly necessary to assist and retain local
industries and commercial enterprises to strengthen and revitalize the
economy of the State of lowa and the City of Dubuque.
2. To stimulate through public action and commitment, private investment in
new residential development.
3. To plan for and provide sufficient land for residential development in a
manner that is efficient from the standpoint of providing municipal
seroices.
4. To help finance the cost of water mains and fiber conduits and vaults, as
well as other public improvements in support of new housing
development.
5. To provide a more marketable and attractive investment climate.
6. To improve the housing conditions and housing opportunities for LMI
families.
H. TYPE OF RENEWAL ACTIVITIES
- 5 -
To meet the objectives of this Urban Renewal Plan and to encourage the
development of the Urban Renewal Area, the City intends to utilize the powers
conferred under Chapter 403 and Chapter 15A, Code of lowa including, but not
limited to, tax increment financing. Activities may include:
1 . To undertake and carry out urban renewal projects through the
execution of contracts and other instruments.
2. To arrange for or cause to be provided the construction of public
infrastructure including but not limited to water mains and fiber
conduits and vaults, or other public improvements in connection with
urban renewal projects.
3. To finance programs which will directly benefit housing conditions
and promote the availability of housing affordable to LMI persons in
the community.
4. To make loans, grants or rebates to private persons to promote
housing projects on such terms as may be determined by the City
Council.
5. To borrow money and to provide security therefor.
6. To make or have made surveys and plans necessary for the
implementation of the urban renewal program or specific urban
renewal projects.
7. To use tax increment financing for a number of objectives, including
but not limited to, achieving a more marketable and competitive land
offering price and providing for necessary physical improvements
and infrastructure.
8. To use any or all other powers granted by the Urban Renewal Act to
develop and provide for improved economic conditions for the City of
Dubuque and the State of lowa.
Nothing herein shall be construed as a limitation on the power of the City to
exercise any lawful power granted to the City under Chapter 15, Chapter
15A, Chapter 403, Chapter 427B, or any other provision of the Code of lowa
in furtherance of the objectives of this Urban Renewal Plan.
I. PROPOSED PROJECT
-6 -
The first proposed urban renewal project involves the construction of public
water infrastructure to serve ongoing and future development in two subdivisions
totaling 175 lots, one of which is being developed by Rick Ehrlich ("Developer").
Certain of the public improvements are expected to be constructed by the
Developer, with the balance being constructed by the City. The expected public
improvements and their estimated costs are as follows, with the estimated cost
listed for the Roosevelt Road Water Tower being a pro rata share of the total
cost, as determined by the number of residential lots in the Area compared to the
total number of lots anticipated to be served by the Tower.
Public Improvements Estimated Costs
Roosevelt Road WaterTower $1 ,705,604
Street Improvements on Golden Eagle Drive $50,000
Fiber conduit & vaults $50,000
Park $230,000
Baldwin Drive Street Extension $50,000
Total $2,085,604
The City expects to provide assistance to the Developer in the form of property
tax rebates of potential incremental taxes, under the terms of a rebate
agreement between the City and the Developer. Under the proposal, some of
the incremental property tax generated from the new houses constructed within
the Urban Renewal Area pursuant to lowa Code Section 403.19 is expected to
be rebated to the Developer (in an amount not to exceed the Developer's
certified costs of constructing certain of the required public improvements or
$100,000, whichever is less, or such other amount as may be determined by the
City Council) for a period of time to be determined by the City Council. These
rebates will not be general obligations of the City, but will be payable solely from
incremental property taxes generated by the project.
The City will set aside not less than the required LMI percentage (38.1 °k) of the
incremental taxes generated by the project and use those funds to support LMI
family housing anywhere in the community. The remaining incremental taxes will
be available to the City to distribute in accordance with lowa Code §403.19.
J. FINANCIAL DATA
1) July 1 , 2019, Statutory debt limit: $227,661 ,474 (see Attachment C)
-7-
2) Outstanding general obligation debt for purposes of debt limit:
$114,883,844 (see Attachment C)
3) Proposed amount of indebtedness to be incurred: Although a specific
amount of indebtedness to be incurred in the Area has not yet been determined,
the estimated cost of constructing the public improvements for the new
subdivision is not expected to exceed $2,085,604. The LMI set-aside is not
expected to exceed $272,088. The City will respond to other development
opportunities as they arise. The total amount of tax increment to be used under
this Plan is expected to be approximately $714,142.
K. PROPERTY ACQUISITION/DISPOSITION
Other than easements and public right-of-ways, no property acquisition by the
City is anticipated at this time. However, if any property acquisition/disposition
becomes necessary to accomplish the objectives of the Plan, urban renewal
powers will be carried out, without limitation, in accordance with the State of lowa
Urban Renewal Law.
L. RELOCATION
The City does not expect there to be any relocation required of residents or
businesses as part of the proposed urban renewal projects; however, if any
relocation is necessary, the City will follow all applicable relocation requirements.
M. STATE AND LOCAL REQUIREMENTS
All provisions necessary to conform to State and local laws will be complied with
by the City in implementing this Urban Renewal Plan and its supporting
documents.
N. SEVERABILITY
In the event one or more provisions contained in this Urban Renewal Plan, as it
may be amended, shall be held for any reason to be invalid, illegal, unauthorized
or unenforceable in any respect, such invalidity, illegality, lack of authorization or
enforceability shall not affect any other provision of this Urban Renewal Plan,
and this Urban Renewal Plan shall be construed and implemented as if such
provisions had never been contained herein.
O. URBAN RENEWAL PLAN AMENDMENTS
- 8 -
This Urban Renewal Area Plan may be amended from time to time for a number
of reasons, including but not limited to, change in the area, to add or change
land use controls and regulations, to modify goals or types of renewal activities,
or to amend property acquisition and disposition provisions. The City Council
may amend this Plan pursuant to appropriate procedures under lowa Code
Chapter 403.
P. EFFECTIVE PERIOD
This Urban Renewal Plan will become effective upon its adoption by the City
Council and will remain in effect until it is repealed by the City Council.
With respect to the property included within the English Ridge Housing Urban
Renewal Plan Area, which is also included in an ordinance which designates that
property as a tax increment area and is designated based on an economic
development finding, to provide or to assist in the provision of public
improvements related to housing and residential development, the use of
incremental property tax revenues or the "division of revenue," as those words
are used in Chapter 403 of the Code of lowa, is limited to ten (10) years
beginning with the second fiscal year following the year in which the City first
certifies to the County Auditor the amount of any loans, advances, indebtedness,
or bonds which qualify for payment from the incremental property tax revenues
attributable to that property within the English Ridge Housing Urban Renewal
Area. With consent of all other affected taxing bodies (by written agreement),
the use of incremental property tax revenues under lowa Code Section 403.19
can be extended for up to 5 years if necessary to adequately fund the housing
project.
At all times, the use of tax increment financing revenues (including the amount of
loans, advances, indebtedness or bonds which qualify for payment from the
division of revenue provided in Section 403.19 of the Code of lowa) by the City
for activities carried out under the English Ridge Housing Urban Renewal Plan
shall be limited as deemed appropriate by the City Council and consistent with all
applicable provisions of law.
-9-
� . ��--�y �_� ,� 1,ti& �%' ,. " ' : � „ �
e i .,a '�. ,Y� &,• �!k! ' `"4 '�
��� �rll � l�l �l � � • ;�- F� , - . �:.. � � �
—� ,��,,: �� - E�`� .� `� '��
, r f � e� r � rl � �' � � � � 1A � � V �11 1 1 r � �.
���� �. �1 „� l � ��� rl � 1�� t��l� �p����l �.�Ll�4�l,���l �,{,"- a� � ;�
��7 ;I rl� !� ' ��}� �S � d:'M t, . , �� ?�:F� M �� ' � ��yy �
� ��V.' � T -_a� � �� .r�I/
�I.:. '�e e:�6.t :.'E4 � '.. "f , : . -.i �y ��
♦ -F �
�� �` d '.�..
�� � � 4y q�p
� A , ! �
� ... ^� �� r L �A�� r � � � 5�': J
Z {� g � �. ,. ¢ �
:� ^ / ' �p�
. .I .� � .'� / . , }..� .
. _ ��� �n� �f dJ � „VV.,, 4 a '�l .
� � �
.� ' � �,1`yr "�.# < . � � a� ��c J,� 4�'^;.
9" !'�� � �ys �" !k "d M'F '�
l B n y
� `�� F .
„ + , y. .' L � '� *� � �ls :
Y �� � 1 �rd
�,� i % �"• ���:.
� �� �. � . �
t� � o
,_� �� r
� . . � :' . . � - � `; �v �,;
,�: � � °Y �. ' � ��a� '. f ;
� � �,
� .t�,� ' �
� �y� ��� a_" i. . t-. ��� .�'' �a"`
� � � ��� � ��� � � ,se
` F,
�Ci�r.� < , �� �. i�, ,4'.. ` ip+
t; 7 s
�'�n �, i � q�q�jj � - I � �I } ! —�— � _ . . � 5�k. �.�� � � '
' ` � ��5.. �j 4 , .T ` �� � _�-.-.T.E•�,+.w.��- --r� ~��; ��� '� , as'�Y��
9
.t�.i �•' � ,, '.Y �� '4,{ 3^ w � -(
: , �' ��•�} '� '� . .: ��� x - '__�'+� F
. � � ; � � : ..-' .
R4� �� � � '� ' Speaal Achievement in GIS � �-; y�
x... ��"a w�# '•t � . . � ;� Y . 20t8 Award W nner jy ' �
y� h �f�_7�5.. . . � . . , , F .� �
_� .�,J�r � �i -�'i�'� �:.'� .. ���11 . 4., � � . '�,'� �� .
�;�rll � l�l �- 1 : �;�1 �� `��' !� i`l � J ��
'_>� �1 �. �1 „�'t �!J � r1 � J �li` ��' J ;���li`l ;��i`l �'i'1�l! �1;���1
- - ,
�� .
� .
� � TIF Boundary- Sky Blue
. - - � � �
� Single Family
Multi-Family
Park/Open Space
�� Vacant
�
�� � � —
�
�`
�� , ,
. �� 'J
�` *
� y - Special Achievement in GIS �
� Dus� E �
NORTH � Z078 Award Wlnner � ,
;Y„
�
�;�rll � l�l �-'�: �;�� � r �� r r i �li`l � J ��
'_>� �1 �. �1 „�'t �!J � r1 � J �li`� J ;���li`l ;��i`l �'i'1�l! �1;���1
� . - -
;;
, , . 111�`�
�
� . �
�
�
� TIF Boundary- Sky Blue
- � Single-Family Residential
Park/Open Space
��
� �
�� � � � '
� �-;•. ��r
,` . ��P� '�.
�� . -,
. ��
�
� y - Special Achievement in GIS �
� Dus� E �
NORTH � Z078 Award Wlnner � ,
;Y„
�
City of Dubuque ATTACHMENT C
Summary of Bonded Indebtedness
Date Average Vear of Amount Principal Principal Interest Principal
Description of Interest Final of Outstantling Due Due Outstantling
Issue Rate Payment Issue 6/30/19 FV 2020 FV 2020 6/30/20
General Obligation Bontls
IEssential Coroorate Puroosel
Airport T-Hangars-Refuntletl-Sales Tax 20% 12-10-12 12193% 2020 405,365 62,000 62,000 1,086 -
Airport New Terminal Furnishings-Sales Tax 20% 11-17-14 3.3000% 2026 55,000 35,000 5,000 1,050 30,000
Airport ImprovemeMs Refuntling 04-17-17 3.0000% 2030 282,200 246,900 18,800 7,407 228,100
AirportlmprovemeMs-PFC 06-28-12 3.1972% 2032 2,145,000 1,570,000 100,000 50,778 1,470,000
Airport ImprovemeMs-Sales Tax 20% 06-28-12 3.1972% 2032 90,000 30,000 10,000 685 20,000
AirporiTerminalUtilitylmprov-PFC 11-17-14 3.3000% 2034 690,000 570,000 30,000 18,356 540,000
Airport New Terminal RoatlsiParking Sales Tax 20'% 04-04-16 2.7896% 2036 635,927 552,480 28,775 14,628 523,705
Airport Runway Lighting-FV20 Future 4.0000% 2040 156,400 - - - 156,400
Airport Snow Removal Equip-FV20 Future 4.0000% 2040 230,000 - - - 230,000
America'sRiverRefuntling-GenerelFuntl 04-17-17 3.0000% 2021 1,984,100 1,029,500 508,800 30,885 520,700
America'sRiverRefuntling-GDTIF 04-17-17 3.0000% 2021 1,255,000 645,000 315,000 19,350 330,000
Builtling-CorrfCenterlmprov-SalesTax20% 06-20-19 3.0000% 2022 25,076 - 8,351 2,889 16,725
Builtling-CorrfCenterlmprov-SalesTax20% 06-28-12 2.7903% 2022 60,200 25,800
Builtling-CorrfCenterEnergylmprov-FV19 06-20-19 3.0000% 2027 187,136 187,136 22,848 5,318 164,288
Builtling18ihSireetlmprovSalesTax20% 3/19/2018 3.0464% 2026 391,913 350,967.00 44,846.00 10,640.00 306,121.00
Builtling City Hall Brickwork-Sales Tax 20% 06-20-19 3.0000% 2027 236,448 26,217.39 9,069.91 210,230.61
Builtling City Hall Brickwork-Sales Tax 20% 06-28-12 2.7903% 2027 393,000 243,000
Builtling Smart Meters Refuntling 04-17-17 3.0000% 2030 45,400 39,700 3,000 1,191 36,700
Builtling Fetlerel Builtling Roof-Sales Tax 20% 04-04-16 2.7896% 2035 268,404 233,184 12,145 6,174 221,039
CivicCenterlmprovemeMs-SalesTax20% 06-20-19 3.0000% 2027 323,146 35,830 12,396 287,316
CivicCenterlmprovemeMs-SalesTax20% 06-28-12 2.7903% 2027 550,200 340,200
Civic Center Chair Platform Section 3-FV19 06-20-19 3.0000% 2027 59,340 59,340 7,245 1,686 52,095
DICWExpansion-NonTaxable-Refuntling 04-04-16 2.9127% 2023 3,175,000 1,305,000 605,000 39,150 700,000
DICW Expansion-Soulh Siegert Farm 3/19/2018 3.0464% 2026 239,534 214,508.00 27,409.00 6,504.00 187,099.00
DICW Norih Siegert Refuntling 04-17-17 3.0000% 2029 1,285,000 1,105,000 95,000 33,150 1,010,000
DICWExpansion-Consultant 12-10-12 2.5337% 2032 151,462 115,367 7,785 2,864 107,582
DICW Expansion-Soulh Siegert Farm-Taxable 06-28-12 3.1972% 2032 3,975,000 2,915,000 190,000 94,260 2,725,000
DICWExpansion-SoulhSiegeriFarm-Nontaxable 06-20-19 3.0000% 2032 305,357 19,420 6,718 285,937
DICWExpansion-SoulhSiegeriFarm-Nontaxable 06-28-12 2.7903% 2032 425,000 315,000
DICWTaxable-LantlAcquisition 11-17-14 3.9900% 2034 1,640,000 1,305,000 70,000 46,975 1,235,000
E911TowerRelocation-SalesTax20% 06-20-19 3.0000% 2027 141,869 15,730 5,442 126,139
E911 Tower Relocation-Sales Tax 20% 06-28-12 2.7903% 2027 235,800 145,800
FireStationri4lmprovemeMs-Gaming 06-20-19 3.0000% 2027 188,054 26,946 9,322 161,108
FireStationri4lmprovemeMs-Gaming 06-28-12 2.7903% 2022 65,000 30,000
FireAmbiBuiltlingHVAGBunkerlrrigationiPark 11-17-14 3.3000% 2025 715,000 445,000 70,000 13,350 375,000
FirePumper-Gaming 06-28-12 2.7903% 2027 269,800 163,300
Fire Truck Refuntling-Debt Service Levy 04-17-17 3.0000% 2030 951,500 832,700 63,300 24,981 769,400
Fire Station#2iPark Improvemenis-Sales Tax 20% 11-17-14 3.3000% 2034 320,000 260,000 15,000 8,375 245,000
FireAmbulanceReplacemeM 04-17-17 3.0000% 2030 230,000 200,000 15,000 6,000 185,000
FireSiructurelRepairs5&6/QuickPump-FV19 06-20-19 3.0000% 2039 448,875 448,875 - 12,756 448,875
Frenchise Fee Settlement JutlgmeM Bontl 04-04-16 2.9326% 2035 2,830,000 2,445,000 135,000 67,606 2,310,000
GDTIF Main Sireet Refuntling 04-17-17 3.0000% 2021 305,000 160,000 80,000 4,800 80,000
GDTIFKepharfsBuiltling-Refuntling 04-04-16 2.9127% 2023 200,000 120,000 30,000 3,600 90,000
GDTIFLibreryRenovation-Refuntling 04-04-16 2.9127% 2023 1,275,000 760,000 180,000 22,800 580,000
GDTIF Colis Builtling Renovation-FV19 06-20-19 3.0000% 2039 1,575,000 1,575,000 - 44,756 1,575,000
GDTIF Downtown Housing Refuntling 04-17-17 3.0000% 2030 2,120,000 1,880,000 135,000 59,005 1,745,000
GDTIF Millwork Disirict Refuntling 04-17-17 3.0000% 2030 2,080,000 1,825,000 140,000 54,750 1,685,000
GDTIF7ihSireet2-WayConversion 03-15-12 2.7031% 2031 5,560,000 3,955,000 280,000 103,794 3,675,000
GDTIF Intermotlal 03-15-12 2.5444% 2031 4,380,000 3,115,000 225,000 77,812 2,890,000
GDTIF 5ih St ResiroomMlFC 12-10-12 2.5337% 2032 1,988,538 1,514,636 102,215 37,605 1,412,421
GDTIFMCIC/ADAAssist.iEcon.DevGreMs 12-10-12 1.7008% 2032 1,035,000 410,000 135,000 8,143 275,000
GDTIF Washington Neighborhootl Business Incenti� 06-28-12 3.1972% 2032 755,000 580,000 40,000 18,705 540,000
GDTIFIntermotlalMlillworkParking/CHI 11-17-14 3.9900% 2034 5,670,000 5,620,000 50,000 205,389 5,570,000
GDTIF Trensit RooHDT Loan Pool/ADA Assist 11-17-14 3.3000% 2034 190,000 180,000 10,000 5,825 170,000
LibrerylmprovemeMs-SalesTax20% 06-20-19 3.0000% 2022 39,408 4,370 1,512 35,038
LibrerylmprovemeMs-SalesTax20% 06-28-12 2.7903% 2022 65,500 40,500
LibrerylmprovemeMs 12-10-12 2.4872% 2027 173,992 110,028 12,593 2,659 97,435
Parklmprovemenis-Gaming 12-10-12 2.4872% 2022 209,050 88,800 22,200 1,804 66,600
Park Improvemenis Sales Tax 20% 12-10-12 2.4872% 2022 171,808 64,801 21,068 1,482 43,733
Parklmprovemenis-SalesTax20% 06-20-19 3.0000% 2027 47,290 5,243 1,814 42,047
Parklmprovemenis-SalesTax20% 06-28-12 2.7903% 2027 65,500 40,500
ParkWaterSystemStutlyRefuntling 04-17-17 3.0000% 2030 60,000 52,600 4,100 1,578 48,500
Park Ham House-Sales Tax 20% 04-04-16 2.7896% 2035 200,668 174,336 9,080 4,616 165,256
Date Average Vear of Amount Principal Principal Interest Principal
Description of Interest Final of Outstantling Due Due Outstantling
Issue Rate Payment Issue 6/30/19 FV 2020 FV 2020 6/30/20
Park Skate Park(FV 19) 6202019 3.0000% 2027 613,524 613,524.00 74,907.00 17,434.30 538,617.00
Parking Refnancetl Portions 5ih/3rtl StAA Ramps 12-10-12 12193% 2021 5,541,573 638,000 588,000 11,390 50,000
Parking Port of Dubuque Parking Ramp 3/19/2018 3.0464% 2026 373,553 334,525.00 42,745.00 10,142.00 291,780.00
Parking Cenirel Ave Ramp Refuntling 04-17-17 3.0000% 2030 6,380,000 5,510,000 475,000 165,300 5,035,000
Parking lowa Sireet Ramp Improvemenis 3/19/2018 2.9050% 2031 45,516 42,686.00 3,022.00 1,188.50 39,664.00
Parking Locust Ramp Security Cameres 6/20/2019 3.0000% 2033 126,054 9,710.14 3,35923 116,343.86
Parking Locust Ramp Security Cameres 06-28-12 2.7903% 2033 175,000 130,000
Parking Improvemenis 11-17-14 3.3000% 2034 185,000 150,000 10,000 4,787 140,000
ParkingRamplmprovemenis-Taxable 11-17-14 3.9900% 2034 305,000 255,000 15,000 9,155 240,000
PoliceSofiwareReplacement-Gaming 12-10-12 2.4872% 2022 355,950 151,200 37,800 3,071 113,400
PoliceCADSofiware-Gaming 11-17-14 3.3000% 2030 260,000 200,000 15,000 6,150 185,000
Public Works EquipmeM Sales Tax 30% 11-17-14 3.3000% 2022 305,000 135,000 45,000 4,050 90,000
Public Works Equip Refuntling 04-17-17 3.0000% 2030 392,000 343,000 26,100 10,290 316,900
PublicWorksRatlioReplacement-FV18 03-19-18 2.9077% 2028 110,000 99,268 10,732 2,656 88,536
PW Curb RampiEngineering Sireet Improv 11-17-14 3.3000% 2034 1,250,000 1,030,000 55,000 33,175 975,000
Recreationlmprovemenis-SalesTax20% 06-20-19 3.0000% 2022 4,082 1,359 470 2,723
Recreationlmprovemenis-SalesTax20% 06-28-12 2.7903% 2022 9,800 4,200
Recreationlmprovemenis-SalesTax20% 12-10-12 2.4872% 2027 14,924 9,668 1,035 234 8,633
SanitarylmprovemenisRefuntling 04-17-17 3.0000% 2030 660,000 580,000 45,000 17,400 535,000
SanitarySewerlmprovemenis 3/19/2018 2.9050% 2031 1,030,009 965,973.00 68,378.00 26,896.00 897,595.00
SanitaryForcemainRepair 12-10-12 2.4872% 2032 655,239 476,975 31,316 12,191 445,659
SanitarySewerlmprovemenis 06-20-19 3.0000% 2033 1,124,412 72,826 25,194 1,051,586
SanitarySewerlmprovemenis 06-28-12 2.7903% 2033 1,560,000 1,160,000
SanitarySewerlmprovemenis 11-17-14 3.3000% 2034 5,670,000 5,125,000 280,000 165,075 4,845,000
SanitarySewerlmprovemenis 04-04-16 2.7896% 2035 2,405,000 2,095,000 110,000 55,406 1,985,000
Solitl Waste Collection Refuntling 04-17-17 3.0000% 2030 51,300 44,900 3,400 1,347 41,500
Solitl Waste Collection 3/192018 2.9050% 2031 27,447 25,741.00 1,822.00 716.00 23,919.00
Stormwater Refuntling 04-04-16 2.9127% 2028 6,270,000 4,255,000 600,000 127,650 3,655,000
StormwaterSalesTaxRevenue -GO 05-19-14 32309% 2029 7,190,000 7,190,000 323,100 7,190,000
StormwaterlmprovemenisRefuntling 04-17-17 3.0000% 2030 2,015,000 1,760,000 140,000 52,800 1,620,000
Stormwaterlmprovemenis 3/19/2018 2.9050% 2031 1,714,542 1,607,948.00 113,821.00 44,770.00 1,494,127.00
Stormwaterlmprovemenis 03-15-12 2.7031% 2031 1,935,000 1,320,000 95,000 34,632 1,225,000
Stormwater 7ih Sireet Storm Improvemenis 12-10-12 2.4872% 2032 134,342 97,792 6,421 2,499 91,371
Stormwaterlmprovemenis 06-20-19 3.0000% 2033 290,796 19,420 6,718 271,376
Stormwaterlmprovemenis 06-28-12 2.7903% 2033 405,000 300,000
SireetlighiReplacemeniRefuntling-ST 04-17-17 3.0000% 2030 4,900 4,300 300 129 4,000
Sireet FEMA Lantl Buyoul-Gaming 06-20-19 3.0000% 2027 64,901 7,040 2,435 57,861
Sireet FEMA Lantl Buyoul-Gaming 06-28-12 2.7903% 2027 110,200 66,700
Sireet Fiber/SitlewallvLigMs Refuntling RUT 04-17-17 3.0000% 2030 258,600 226,400 17,200 6,792 209,200
SireetSouthwestArterial 3/19/2018 2.9050% 2031 771,557 723,589.00 51,220.00 20,146.00 672,369.00
Sireet Southwest Arterial-Sales Tax 30% 12-10-12 2.4872% 2032 1,280,545 941,832 56,780 23,775 885,052
TrensitRatlioReplacement-FV18 03-19-18 2.9077% 2028 95,000 85,732 9,268 2,294 76,464
TrensitMitltownTrensfer-FV19 06-20-19 3.0000% 2039 216,125 216,125 - 6,142 216,125
WaterSystemlmprovemenis 3/19/2018 2.9050% 2031 1,155,930 1,084,065.00 76,737.00 30,994.00 1,007,328.00
WaterSystemlmprovemenis 12-10-12 2.4872% 2032 644,151 468,906 30,787 11,985 438,119
WaterSystemlmprovemenis 06-20-19 3.0000% 2033 1,323,107 82,536 28,553 1,240,571
WaterSystemlmprovemenis 06-28-12 2.7903% 2033 1,840,000 1,365,000
WaterSystemlmprovemenis 11-17-14 3.3000% 2034 9,195,000 8,725,000 475,000 281,031 8,250,000
WaterSystemlmprovemenis 04-04-16 2.7896% 2035 635,000 555,000 30,000 14,688 525,000
TotalGeneralObligation8onds 123,408,339 91,845,007 7,915,000 2,841,701 84,186,407
Tax Increment
Port of Dubuque Parking Ramp(GDTIF) 10-16-07 7.5000% 2037 23,025,000 19,535,000 550,000 1,465,125 18,985,000
TotalTazlncrement8onds 23,025,000 19,535,000 550,000 1,465,125 18,985,000
40Main(GDTIF) OB-06-09 2020 690,529 176,055 85,175 10,235 90,880
TotalTazlncrementNotes 690,529 176,055 85,175 10,235 90,880
TotalTazlncrement 23,715,529 19,711,055 635,175 1,475,360 19,075,880
Economic Development TIF Rebate Aqreements
Vanguartl (DICW) 06-02-OB Rebate 2022 279,093 98,053 32,684 - 65,369
FaleyProperties(DICW) 02-07-11 Rebate 2022 904,638 312,507 104,169 - 208,338
Green Intlusirial Supply(DICW) OB-15-11 Rebate 2023 2,908,812 800,075 200,019 - 600,056
Tri-State Quality Metals(DICW)Non-Appropriation 03-17-14 Rebate 2026 32,510 48,785 48,785 - 48,785
Roasting Solulions(DICW)Non-Appropriation 01-14-16 Rebate 2028 33,666 39,584 39,584 - 39,584
Rite Hite(DICW)Non-Appropriation 01-14-17 Rebate 2030 24,190 - 24,190 - 144,997
HormelFootls (DICW)(100%2021/40%2026) 04-21-OB Rebate 2026 8,250,067 2,658,721 664,680 - 1,994,041
Date Average Vear of Amount Principal Principal Interest Principal
Description of Interest Final of Outstantling Due Due Outstantling
Issue Rate Payment Issue 6/30/19 FV 2020 FV 2020 6/30/20
StarBrewery(GDTIF) 07-17-06 Rebate 2020 1,223,307 73,030 73,030 - -
Victory Cafe 756 Main SL(GDTIF) 06-21-10 Rebate 2022 87,053 16,746 5,837 - 10,909
Bowling&Beyontl Lease Buyout(GDTIF) 10-15-12 Lease Buyout 2032 1,000,000 650,000 50,000 - 600,000
Flexsteel(GDTIF) 04-18-11 Rebate 2024 2,020,572 965,929 193,186 - 772,743
The Rose(Lake Ritlge) 09-26-11 Rebate 2024 136,014 84,692 16,938 - 67,754
Linseetl Oil(GDTIF)Multi-Res 03-07-13 Rebate 2025 576,504 143,097 16,448 - 126,649
Rousselot(GDTIF)(Non-Appropriation) 01-22-13 Rebate 2025 4,931 10,787 10,787 - 10,787
Steeple Square(GDTIF)(Non-Appropriation) 01-22-13 Rebate 2030 4,504 4,504 4,504 - 4,504
JulienHotel(GDTIF) 04-21-OB Rebate 2026 3,260,286 1,442,078 206,011 - 1,236,067
44 Main(GDTIF)Multi-Res 10-18-10 Rebate 2027 446,799 166,205 23,321 - 142,884
Barker Financial(GDTIF)Multi-Res OB-16-10 Rebate 2027 297,282 80,444 13,375 - 67,069
Engine House#1(GDTIF) 06-06-11 Rebate 2027 171,166 77,527 9,691 - 67,836
253 Main SL(GDTIF)(Non-Appropriation) 04-06-15 Rebate 2027 5,798 2,921 2,921 - 2,877
Spahn antl Rose (GDTIF)(Non-Appropriation) 04-21-14 Rebate 2027 108,221 104,091 104,091 - 104,091
Frenklinlnvesiment-Multires(GDTIF) 04-04-11 Rebate 2028 437,225 217,719 30,534 - 187,185
PlasticCenterBettyJaneBlock(GDTIF) 02-07-11 Rebate 2028 148,957 46,168 7,124 - 39,044
Caretico(GDTIF)Multi-Res 03-21-11 Rebate 2028 1,499,442 926,287 115,167 - 811,120
Bonson 356 Main SL(GDTIF)Multi-Res 12-19-11 Rebate 2028 152,286 55,239 7,585 - 47,654
Roshek Builtling(GDTIF)(Non-Appropriation) 02-17-09 Rebate 2030 5,149,852 263,079 263,079 - 263,079
Novelty Iron Works(GDTIF)(Non-Approp)Multi-Res 06-17-13 Rebate 2031 33,105 141,516 141,516 - 125,666
Rockfarm Holtlings(TECH)NonAppropriation 10-07-14 Rebate 2027 42,301 37,566 37,566 37,566
TotaITlFRebates 29,238,581 9,467,350 2,446,822 - 7,826,654
GeneralFuntletlLeases Various Various On-going 194,160 155,000 155,000
Other Loans-Revenue Backetl
IowaFinanceAuthorityLoan-Caretico 12-01-10 3.0000% 2030 4,500,000 3,722,825 82,922 135,000 3,639,903
TotalOtherLns-RevBacketl 4,500,000 3,722,825 82,922 135,000 3,639,903
TotalCitylntlebtetlnessSubjecttoDebtLimit 181,056,609 124,901,237 11,079,919 4,452,061 114,883,844
Revenue Bontls
Parking Bricktown Parking Lot 07-21-OB 5.00% 2023 400,000 152,332 30,988 7,234 121,344
SanitaryNorihforkCatfshlmprovemenisSRF 01-13-10 325% 2031 912,000 573,000 44,000 18,622 529,000
Sanitary Water&Resource Recovery Upgretle SRF OB-18-10 325% 2039 74,285,000 60,449,000 2,488,000 1,208,980 57,961,000
Sanitary WRRC Cogeneretion&Sponsor SRF 05-17-13 2.00% 2033 3,048,000 2,257,000 141,000 45,141 2,116,000
Sanitary Kerper Boulevartl SRF Plannetl 1.43% 2036 2,420,000 1,390,000 62,461 55,600 2,717,539
Sanitary Outfall Manhole Recon SRF FV19 Plannetl 2.00% 2039 400,000 391,563 17,127 7,746 374,436
Stormwater Lower Bee Brench Restoretion SRF 10-27-10 325% 2041 7,850,000 6,429,000 205,000 208,942 6,224,000
Stormwater Lower Bee Brench SRF-Estimatetl 09-01-14 2.00% 2034 1,029,000 763,000 48,000 15,260 715,000
Stormwater Norihfork Catfsh Improv.SRF 01-13-10 325% 2031 800,000 502,000 39,000 16,315 463,000
Stormwater Sales Tax Increment Revenue Bontl 06-15-15 3.72% 2031 20,800,000 20,800,000 - 762,650 20,800,000
Stormwater Upper Bee Brench&Sponsor SRF 06-17-15 2.00% 2037 30,941,000 22,790,668 1,148,000 328,573 21,890,336
Stormwater Flootl Mitigation Project SRF Plannetl 2.00% 2038 15,300,000 4,479,042 - 255,291 13,479,042
Stormwater West 32ntl Detention Basin SRF 01-14-09 325% 2028 1,847,000 971,000 95,000 31,558 876,000
Water Roosevelt Water Tower SRF Plannetl 2.00% 2038 2,350,000 475,000 70,520 3,457,200
WaterClWAPurchase&Improvemenis 07-07-17 2.00% 2036 10,198,000 6,710,300 523,000 151,220 7,277,300
Water-CIWAConireciPurchase 12-28-16 3.00% 2022 5,000,000 3,000,000 1,000,000 90,000 2,000,000
Water-ClearWellReservoirs SRF 10-18-07 325% 2028 915,000 482,000 47,000 9,640 435,000
WaterMeterChange0ulProgremSRF 02-12-10 325% 2031 6,394,000 4,281,000 297,000 139,132 3,984,000
WaterSystemlmprovemenis&Ext. 11-04-OB 4.71% 2023 1,195,000 410,000 95,000 20,158 315,000
WaterSystemlmprovemenis&Ext. OB-16-10 3.54% 2030 5,700,000 4,085,000 235,000 151,500 3,850,000
TotalRevenue8onds 191,784,000 141,390,905 6,515,576 3,594,082 149,585,197
TotalCitylntlebtetlness 372,840,609 266,292,142 17,595,495 8,046,143 264,469,041
Statutory Debt Limit 221,512,756 227,661,474
%of Debt Limit Usetl 56.39% 50.46%
Remaining Debt Capacity 96,611,519 H2,777,630
Attachment D
Sky Blue Housing Urban Renewal Area
Dated June 19, 2019
District Boundary Description of Proposed Subarea
The Area shall include the following described properties:
LOT 1 ORCHARD PARK PLACE; AND
LOTS 29 THROUGH 47, INCLUSIVE, AND LOT D, ALL IN SKY BLUE ESTATES #2; AND
LOTS 1 THROUGH 12, INCLUSIVE, AND LOTS 14 THROUGH 28, INCLUSIVE, ALL IN SKY
BLUE ESTATES; AND
LOT 1 OF SKY BLUE PLACE; AND
ALL OF LENNY'S PLACE NO. 1; AND
ALL OF LENNY'S PLACE NO. 2; AND
ALL OF LENNY'S PLACE NO. 3; AND
ALL OF LENNY'S PLACE NO. 4; AND
ALL OF LENNY'S PLACE NO. 5; AND
ALL OF LENNY'S PLACE NO. 6; AND
ALL OF LENNY'S PLACE NO. 7; AND
ALL OF LENNY'S PLACE NO. 8; AND
ALL OF LENNY'S PLACE NO. 9; AND
LOTS 1 THROUGH 6, INCLUSIVE, IN BLOCK 2 OF EAGLE VALLEY SUBDIVISION; AND
LOTS 1 THROUGH 7, INCLUSIVE, OF EAGLE VALLEY SUBDIVISON NO. 2; AND
LOTS 10 THROUGH 18, INCLUSIVE, IN BLOCK 2 OF EAGLE VALLEY SUBDIVISION; AND
LOT 1-19 AND 2-19, IN BLOCK 2 OF EAGLE VALLEY SUBDIVISION; AND
LOT 1-20 AND 2-20, IN BLOCK 2 OF EAGLE VALLEY SUBDIVISION; AND
LOTS 21 THROUGH 27, INCLUSIVE, IN BLOCK 2 OF EAGLE VALLEY SUBDIVISION; AND
LOTS 1 THROUGH 13, INCLUSIVE, IN BLOCK 3 OF EAGLE VALLEY SUBDIVISION; AND
LOT G OF EAGLE VALLEY SUBDIVISION; AND
LOTS 1 THROUGH 8, INCLUSIVE, IN BLOCK 4 OF EAGLE VALLEY SUBDIVISION; AND
LOT 1-9 AND 2-9, IN BLOCK 4 OF EAGLE VALLEY SUBDIVISION; AND
LOT 1-10 AND 2-10, IN BLOCK 4 OF EAGLE VALLEY SUBDIVISION; AND
1
Attachment D
LOTS 11 THROUGH 13, INCLUSIVE, IN BLOCK 4 OF EAGLE VALLEY SUBDIVISION; AND
LOTS 1 THROUGH 4, INCLUSIVE, IN BLOCK 5 OF EAGLE VALLEY SUBDIVISION; AND
LOT A IN BLOCK 5 OF EAGLE VALLEY SUBDIVISION, AND
LOTS 1 THROUGH 20, INCLUSIVE, IN BLOCK 6 OF EAGLE VALLEY SUBDIVISION; AND
LOT 1-21 AND 2-21, IN BLOCK 6 OF EAGLE VALLEY SUBDIVISION; AND
LOT 2 OF SWIFT PLACE; AND
LOT 1-1 AND LOT 2-1 SWIFT PLACE; AND
LOTS 1 THROUGH 5, INCLUSIVE, IN BLOCK 7 OF EAGLE VALLEY SUBDIVISION; AND
LOT 1-6 AND LOT 2-6, IN BLOCK 7 OF EAGLE VALLEY SUBDIVISION; AND
LOT 1-7 AND LOT 2-7, IN BLOCK 7 OF EAGLE VALLEY SUBDIVISION; AND
LOT 1-8 AND LOT 2-8, IN BLOCK 7 OF EAGLE VALLEY SUBDIVISION; AND
LOT 1-9 AND LOT 2-9, IN BLOCK 7 OF EAGLE VALLEY SUBDIVISION; AND
ALL OF THE RIGHT OF WAY AREA OF GOLDEN EAGLE DRIVE, EAGLE VALLEY DRIVE,
HARPY EAGLE COURT, STELLAR EAGLE DRIVE, BALD EAGLE COURT, COBALT COURT,
ZEPHYR DRIVE, AND SKY BLUE DRIVE LYING EAST OF THE EASTERLY RIGHT OF WAY
LINE OF ROOSEVELT STREET.
ALL IN THE CITY OF DUBUQUE, IOWA
2
�;�rll � l�l �: � � i��
'_>� �1 �. �1 „�'t �!J � rl � " li`l �' J ;���li`l ;��i`l �'i'1�l! �1;���1
�
._ ' a I fj,�s 4 .
.,� _
!
r.
��
�
�� �
'�- � �
-- TIF Boundary- Sky Blue
�:, �;'
%� �/ � i - , � ��'� ' � �, ;,� . � , j%,i - '- ;�;' '' � - � Planned Residential (PR)
��„� �';% � i�� � �,< � , � „-� �,. � /„ ��� �� i��
;. �� ,�/,% , . /,� . %/.'%� � � '' , � Single-Family Residential (R-1)
. � ,
� , � �
�.,'', � - i�i�i _ . %�; /� /��� ' �%„ ,
� � � " � . , ' �� �
� � � , � „ �� �� �� / %///� � / %
� � � � �� � . � . -
� '- / � � - �
� � � , �
� � � � ,
°�� � � . � .s�
, � ,
„��, � ;,
, ; %, ;, ;,-; ,
;%%/, %" %; ; ,% ;" ,% "�
-- � � ' ' . �{-,('�
, , , . , �
��� �
� Special Achiavement in GIS �UB � E
NORTH � �oia awa�a w���e�
mm„a.p��, a.in.m:��o�;
City of Dubuque
Housing TIF Summary- Sky Blue- 38 Market Lots
TIF Revenue
Public
Improvements
Sky Blue Sky Blue 25%to Cumulative
FY Low Income Public Imp. Developer TIF
2020 $ - $ - $ -
2021 $ 2,534 $ 4,118 $ 1,029 $ 3,088
2022 $ 6,716 $ 10,912 $ 2,728 $ 11,272
2023 $ 10,982 $ 17,842 $ 4,461 $ 24,654
2024 $ 15,248 $ 24,772 $ 6,193 $ 43,233
2025 $ 19,513 $ 31,702 $ 7,926 $ 67,010
2026 $ 23,779 $ 38,632 $ 9,658 $ 95,984
2027 $ 29,466 $ 47,873 $ 11,968 $ 131,889
2028 $ 34,028 $ 55,285 $ 6,037 $ 181,136
2029 $ 38,681 $ 62,845 $ 243,981
2030 $ 43,244 $ 70,257 $ 314,237
2031 $ 47,897 $ 77,817 $ - $ 392,054
TIF Revenue $ 272,088 $ 442,054 $ 50,000
TIF Funds Committed $ 272,088 $ 442,054
Subdivision Improvements
Fiber Conduit & Vaults $ 50,000
Total Subdivision Improvement $ 50,000
Public Improvements
Street Improvements to Golden Eagle Dr $ 50,000
Baldwin Drive Street Extension $ 50,000
Public Park $ 230,000
Roosevelt Road Water Tower $ 62,054
Total Public Improvements $ 392,054
Totallmprovements $ 442,054
City of Dubuque
Sky Blue-62 Market Lots
114 Lots already built 38.1% 61.9%
Fiscal Tax revenue No. Total tax Public
Year Average value generated by parcel of Lots revenue/year Base Increment Low Income Improv. Total
Base-2020 $22,285,480.00 $370,619
2021 $200,000.00 $3,326.11 2 $6,652.21 $6,652.21 $2,534.49 $4,117.72 $6,652.21
2022 $220,000.00 $3,658.72 5 $17,62837 $17,62837 $6,716.41 $10,911.96 $17,62837
2023 $224,400.00 $3,731.89 8 $28,824.04 $28,824.04 $10,981.96 $17,842.08 $28,824.04
2024 $224,400.00 $3,731.89 11 $40,019.72 $40,019.72 $15,247.51 $24,772.21 $40,019.72
2025 $224,400.00 $3,731.89 14 $51,21539 $51,21539 $19,513.07 $31,70233 $51,21539
2026 $224,400.00 $3,731.89 17 $62,411.07 $62,411.07 $23,778.62 $38,632.45 $62,411.07
2027 $224,400.00 $3,731.89 21 $77,338.64 $77,338.64 $29,466.02 $47,872.62 $77,338.64
2028 $240,000.00 $3,99133 24 $89,312.62 $89,312.62 $34,028.11 $55,284.51 $89,312.62
2029 $244,800.00 $4,071.15 27 $101,526.09 $101,526.09 $38,681.44 $62,844.65 $101,526.09
2030 $240,001.02 $3,99135 30 $113,500.12 $113,500.12 $43,243.55 $70,256.58 $113,500.12
2031 $244,801.04 $4,071.17 33 $125,713.64 $125,713.64 $47,896.90 $77,816.74 $125,713.64
$714,141.92 $714,141.92 $272,088.07 $442,053.85 $714,141.92
Assumptions:
1. 2.OYo value increase assumed each year.
2. Rollback=56.9180Yo in FY20
3. Tax rate =$29.21841 per thousand
4. Full valuation of each house and lot is assumed.
5. Build-out is 4 lots per year.
6. Based on ordinance passed calendar 2019 and base set 1/1/18
Earliest Assessment 1/1/19= Increment FY21
Dubuque Economic Development
Department
THE CITY OF � 50 West 13th Street
All•AmericaCiry Dubuque, lowa 52001-4864
•"-`�:``�" `"`"`: Office(563)589-4393
U� � 9 � ��I TTY(563)690-6678
http://www.cityofdubuque.org
2007•2012*2013
Masterpiece on the Mississippi 2oi�*Zoi9
SKY BLUE HOUSING URBAN RENEWAL PLAN
TAXING BODY CONSULTATION MINUTES
Tuesday, July 9, 2019 at 10:00 a.m.
City Hall, Conference Room B, 2nd Floor
50 W. 13th Street
Dubuque, lowa 52001
Meeting commenced at 10:00 a.m.
No representatives from Dubuque County or the Dubuque Community School District
elected to attend the meeting. Meeting was adjourned 10:15 a.m.
.s �1 W�-- C��,—�,'�s.�Lc��
ti�__�
Jill Connors
Economic Development Director, City of Dubuque
oubuque Planning Services Department
THE CITY OF � City Hall - 50 West 13'"Street
u�-uurie�ciry Dubuque, IA 52001-4845
DT TR � � I I I I� (563) 589-4210 phone
LJ �J (563) 589-4221 fax
zoo��zoiz•zois (563) 690-6678 TDD
Masterpiece on the Mississippi zov.zoi9 planninaC�citvofdubuaue.ora
July 17, 2019
The Honorable Mayor and City Council
City of Dubuque
50 W.13�h Street
Dubuque, IA 52001
SUBJECT: Creation of the Sky Blue Housing Urban Renewal Area Plan
Dear Mayor and City Council Members:
Introduction
The Long Range Planning Advisory Commission has reviewed the proposed Sky Blue
Housing Urban Renewal Area Plan for consistency with the 2017 Imagine Dubuque
Comprehensive Plan in accordance with Section 15-2-13(G) of the City Code.
Discussion
Jill Connors, Economic Development Coordinator, provided information on the Sky Blue
Housing Urban Renewal Area District. She noted it will help the City pay for water
infrastructure that will serve Sky Blue Estates and Eagle Valley Subdivision. She further
explained a percentage of increment from the development will be allocated to create
low and moderate housing opportunities in the City. The Commission discussed the
project, and found it consistent with the Comprehensive Plan.
Recommendation
By a vote of 5 to 0, the Commission recommends the creation of the Sky Blue Housing
Urban Renewal Area Plan, as it is consistent with the 2017 Imagine Dubuque
Comprehensive Plan.
Respectfully submitted,
� ��
John Pregler, Chairperson
Long Range Planning Advisory Commission
cc: Jill Connors, Economic Development Director
Service People Ivteg�ity Responsibility Ivvwatiov Teamwork
�
�
a
�
STATE OF IOWA {SS: �
DUBUQUE COUNTY ,�
�
�i
�
CERTIFICATION OF PUBLICATION h
"i
I
�
li
I, Suzanne Pike, a Billing Clerlc for Woodward
Communications, Inc., an Iowa corporation, publisher
�
of the Telegraph Herald, a newspaper of general ��
circulation published in the City of Dubuque, County �:,
of Dubuque and State of Iowa; hereby certify that the ��
attached notice was published in said newspaper on the
following dates:
,!i
July 19, 2019, �
and for which the charge is $76.57
�
�,
Subscribed to before me, a Notary Public in and for !;�
Dubuque County, Iowa,
i;
this��day of , 20�. ;''
il
1,
i
u
otary P ic in and for Dubuque County wa. ��;
I!
I;
��
i;
��A,•;�, M,�l�Y K�11��T�Fi�,11EYER II
x P Gom�6s�ion Nurn�er 1548�5 �I
J My Com�ni��iqn�x�,Feb.1,2020 �
�
�
�
�
�
�
R
�
. �
K
�
p
�
�
�
�'�
�
T""` LOTS 10 THROUGH 18, i erated;within the Area, I,
' GITY OF DUBUQUE, INCLUSIVE,IN BLOCK 2 j equal in amount to at �;
IOWA OFEAGLE V-ALLEY SUB-"I least 38.1% of the ex- j
OFFICIAL.NOTICE DIVISION;AND pected project -costs, I
PUBLIC `NOTIGE is� ' LOT 1-19 AND 2-19,IN are.to be used for pur- ,
hereby given that:tfie 'BLOCK 2 OF 'EAGLE poses of providing as-
City Council of the;City VALLEY 'SUBDIUISION; , sistance to low- and , i
of Dubuque; lowa, wili AND . moderate-incorrie ,j
hold a puplic+hearing I LOT 1-20 AND 2-20,IN. housing in the-commu- ' �
on 5th day of August, i BLOCK 2 OF EAGLE , nity at;large. �i ;
2019,-at 6:00 p:m.;1 in VALLEY SUBDNISIONt Copies of supporting '
the Historic Federal AND � documents for tlie pub- '
Building,`City Gouncil LOTS 21 THROUGH 27, � lic,hearings are on file i
Chambers . (Second iNGLUSIVE„IN BLOCK 2 � in the City Cferk's Of.-
FIooY), 350 West 6th ' OF EP,GLE VALLEY SUB- fice, City Hall,;50 W.
Street, Dubuque, lowa, I DIV,ISION;AND ' 13th 5t.; Dubuque, !
at which meeting the LOTS 1 THROUGH 13, lowa, , and may be ' ',
City Council will con- WGLUSNE,IN BLOCK 3'� viewed �during normal I �
sider a proposed Urban OF EAGLE VP,LLEY SUB- working hours. `
Renewal Plan C'Plan") i pIVISION;AND. _ � Written comments re- ,� �
for the Sky Blue Hous- LOT G OF EAGLE VAL- garding the above pub- ' �;
ing Ur,ban Renewal � LEY"SUBDIVISION;AND`� lic hearings,may be I '',�
Area(Area). LOTS 1 TNROUGH 8; submitted to th,e City '�,
The Plan for the Sky ' IINCLU5IVE,IN BLOCK 4 Clerk"s Office, 50 W. I �:
Blue Housing Urban Re- OF:EAGLE VALLEY SUB- , 13th St., Dubuque, IA ', �i;
newal Area is proposed DIVISION;AND I 52001, on or :before '' li
to help local officials LOT i-9 AND 2-9, IN said, time of:public � ii
promote housing and I, BLOCK 4 OF EAGLE' hearing. At said time �
residentiaf develop- VALLEY SUBDIVISION; and place of public,
ment in the City 'of AND hearings,all interested ;
Dubuque ("City").,ThE LQT 1-iO,AND 2-10,IN I citizens and parties'
pnmary .goal of fhe BLOCK 4 OF EAGLE will be'given an:_oppor-:-
Plan is to stimulate, VALLEY SUBDIVISION; tunity to be heartl for
�thro�G'�'R'�ublic involve-I AND I oragainst said propos-i
ment and commitment, LOTS 11 THROUGH 13, al '
private investrnent in i INCLUSIUE,IN BLOCK 4�� � Individuals With`Ijmit-,I
new housing and resi-� OF EAC�L�UALLEY SUB- etl.Engiish proficiency,�
dential deveiopment as I DIViSION;AND vision,` hearing •, or'
defined by_ the lowa LOTS 1 THROUGH 4„� speech, impa'irments
Code SeCtion 403.17� INCLUSIUE,IN BLOCK 5 requ{ring speciaLassis
(12). The�' proposed I ��,#anee���hp�ld contac�
Plan, if approved, the ,�j�y G�lerk's'Offic��
would include ,public tiF EAGLE VALLEY SUB at(5,6�) �$��lOb TDd''I
improvements relatetl DIVISION;AND (563) ,,69Q 6678,; cty-1 i,
to housingrand residen- I� LOT,A IN BLOCK 5 OF clerkC cityofdubuque. �
tial develo,pment with- I EAGLE VALLEY SUBDI- org,as soon as feasible.-
in public'rights of way i . VISION,AND Published by order of ,
and projeCt acCivities�-1 LOTS 1 THROUGH 20, �he'City Counci['given'
3hat may be:under€alt*=- ��CLUSIVELIN BLOCK 6 on the ist tlay,of°July:
�en in ordeKrto+ach��ve't OFEAGLE�VALLEYSUB Zpig,.> �� � ,� ��i
1 DIVISION;AND
the ob�ectives�`of"tlie " ;. Kevin S:Firnstahl, ;
Plan. : I LOT 1-21 AND 2-21,IN ' CMC,City Clerk II,
� _.
The Sky Blue Nousing BLOCK 6 OF EAGLE it7/19 ' . "
Urban Renewal Area . VALLEY SUBDIVISION; � I!,
generaUy ihcludes an ANQ �� ' �� � �� � �
' LOT 2 OF SWIFT '
area known as the Sky" j
BCue�and �agle Valley_ I PLACE;AND- ��� �� � p
� �:LOT 1-1 AND LOT 2_l ,�
Spbdi'vision; The;Area � ��
• is legally described as SWIFT PLAC�;AND , - ,
folfows: ' .' lOTS 1 THROUGH 5, j
LOT 1 ORCHARD PARK I INCLUSNE,-IMBLOCK 7 - i,
PLACE;ANQ" OF EAGLE VALLEY SUB- �;
LOTS 29 THROUGH� DIVISION;,4ND j
.INCLUSIVE,AND LOT D, I LOT 1-6 AND LOT 2-6, I I
� ���4LL IN�SKY QLUE�ES- � ��iN BLOCK 7�OF EP,GLE � �
VALLEY SUBDIVISION; I
TATES#2;AND � i
LOTS 1 THROUGH 12, AN� ` ��'
INCLUSIVE,,AND LOTS LOT 1-7 AND LO7•2-7, I
fN BLOCK 7 OF EAGLE �
14 THkOUGH 28,��IN= ' ���i�ry -�i'�Qmyl�i�R�. � � � �
C:LUSIVt, RLL IN 5KY j QND� VV � �� I �
BLUE ESTATES ANR,; LOT 1-8 AND LOT 2-8, I '�li,
LOT 1 OF SKY BLUE I W BLOCK Z OF EAGLE I �
� PLACE;AND: VALLEY SUBD11/ISION; ! i
° ALL OF LENNY'S 7 qND
PLP.CE N0.1;AND �' �
� ALL OF LENNY'S .; LOT 1-9 AND LOT 2-9, I
� � PLACE N0.2,AND' - , � IN BLOCK 7 OF EAGLE i i
ALL OF-,LENNY'S VALLEY SUBDIVISION; ' ,
RLACE N0.3;AND '�N� ` �'��
ALL OF LENNY S � ALL OF THE RIGHT;OF I
PLACE N0:4,;AND WAY AREA OF GOLQEN j
EAGLE DRIVE E;4C�CE �
ALL 'OF LENNY'S � �I
PLACE N0.5;AND VALLEY DRIVE HARPY �
EAGLE COURT, .STEG,; j C
ALL OF LENNY'S q
PLACE N0.6;AND, ; LAR EAGLE pRIVE; '�,
ALL QF LENNY'S BALD EAGLE �OURT, I �
PLACE N0.7;AND COBALT ;COURT, Z.E- ',
ALL OF• L�NNY'S PHYR DRIVE, AND SKY ' �
PLACE N0.8;AND BLUE DRIVE LYING '
ALL AF LENNY'S EAST OF THE E/qSTER-
LY RIGHT OF WAY LINE �
PLACE N0.9;AND . V
LOTS 1 THROUGH 6, OF ROOSE�ELT ij
INCLUSIV�,'IN BLOCK''2 STREEL p
OF EAGLE VALLEY SUB- ALL IN THE CITY OF , y
DIVISION;AND DUBUQUE,IOWA ' �,
LOTS 1 THROUGH 7, Under the Plan, it is ; �
tNCLU5IVE, OF EAGLE expected that a portion
VALLEY SUBDIVISON � of the auailable tax in- I h
N0,2;AND crement revenues gen-
-' �