Downtown Rehabilitation Loan Program for 1555 Central Avenue_SpechtCity of Dubuque Consent Items # 6.
ITEM TITLE:
SUMMARY:
SUGGESTED DISPOSITION:
Copyrighted
April 6, 2020
Downtown Rehabilitation Loan Program for 1555 Central
Avenue
City Manager recommending approval of a Downtown
Rehabilitation Loan Program Grant Award to Tim Specht
for facade improvements to 1555 Central Avenue.
Suggested Disposition: Receive and File; Approve
ATTACHMENTS:
Description Type
1555 Central Facade Grant-MVM Memo City Manager Memo
Staff Memo Staff Memo
Grant Agreement Staff Memo
Masterpiece on the Mississippi
Dubuque
All -America City
111111
2007.2012.2013
2017*2019
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Downtown Rehabilitation - Proposed Grant Award for 1555 Central
Avenue
DATE: April 1, 2020
Economic Development Director Jill Connors recommends City Council approval of a
Downtown Rehabilitation Loan Program Grant Award to Tim Specht in the maximum
amount of $10,000 for facade improvements to 1555 Central Avenue. Mr. Specht is
planning to make facade improvements to the building with the intent to offer improved
commercial space on the first floor and eventually new housing units on the second
floor.
Staff have performed a "Good Neighbor Inquiry" (with Building Services, Engineering,
Finance, Health, Housing, Legal, Planning, Police, Public Works, and Utility Billing) for
any concerns based on this or other properties owned by the applicant. The Good
Neighbor Inquiry identified one issue: the Housing Department noted that 1555 Central
is a licensed Vacant Building with significant exterior deterioration on all sides. In the
agreement, all exterior property violations will be required to be repaired in addition to
the fagade.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
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
Masterpiece on the Mississippi
Dubuque
battEl
AII•America City
N• IK: '.I i]7(: I liM7Lil`
1 1p
2007*2012*2013
2017*2019
Economic Development
Department
1300 Main Street
Dubuque, Iowa 52001-4763
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
SUBJECT: Downtown Rehabilitation — Proposed Grant Award for 1555 Central
Avenue
DATE: March 31, 2020
INTRODUCTION
This memo presents for your concurrence a project selected for a rehabilitation grant
award for FY2020.
BACKGROUND
The Downtown Rehabilitation Loan Program (DRLP) provides several incentives from
the Economic Development department for the rehabilitation of historic buildings in our
greater downtown.
This program has had a positive impact in the appearance and livability of our
downtown, which leads to a more attractive business and residential environment. As
such, the Economic Development Department finds these programs to be great tools for
attracting and retaining a quality workforce for our businesses.
DISCUSSION
For the property listed, staff have performed a "Good Neighbor Inquiry" (with Building
Services, Engineering, Finance, Health, Housing, Legal, Planning, Police, Public Works,
and Utility Billing) for any concerns based on these or other properties owned by the
applicants.
Our staff have confirmed that funds are available in our department's programs.
1555 Central Avenue
Application received January 20, 2020 for the Facade grant.
The building owner, Tim Specht, is planning to make facade improvements to the
building with the intent to offer improved commercial space on the first floor and
eventually new housing units on the second floor.
The Good Neighbor Inquiry identified one issue: the Housing Department noted that
1555 Central is a licensed Vacant Building with significant exterior deterioration on all
sides. In the agreement, all exterior property violations will be required to be repaired in
addition to the facade. I recommend funding the Facade grant at $10,000 maximum
from CIP 3602436.
The agreement will include a requirement to comply with the City of Dubuque
Architectural Guidelines, in particular with the Design Letter provided by Planning
Department staff.
BUDGET IMPACT
CIP
USE
CURRENT
BALANCE
RECOMMENDED
PROJECT FUNDING
REMAINING
BALANCE
2411942
FAQADE, ETC.
$2,037
-
$2,037
3602436
FAQADE, ETC.
$41,844
$10,000
$31,844
3602438
HOUSING
$8,415
-
$8,415
3602267
HOUSING
$889
-
$889
This takes into consideration all encumbrances and previous balances from our
downtown rehabilitation CIP budgets. Funding this project reduces remaining FY2020
funds available in our department's downtown rehabilitation grant programs to those
balances shown above.
Looking forward, with the recommended FY2021 funding levels applied, these
downtown rehabilitation grant programs will have the following starting balances,
assuming no further grant awards are made between now and June 30, 2020. This is
enough funding to provide 5 full facade/planning design/financial consultant grants and
one partial, as well as the creation of 39 housing units.
CIP
USE
REMAINING
FY2020
BALANCE
RECOMMENDED
FY2021 FUNDING
PROJECTED
JULY 1, 2020
BALANCE
2411942
FAQADE, ETC.
$2,037
S70,000
$76,037
3602436
FAQADE, ETC.
$31,844
S120,000
$151,844
3602438
HOUSING
$8,415
$392,900
$397,315
3602267
HOUSING
$889
-
$889
2
RECOMMENDATION/ ACTION STEP
I recommend approval of the proposed grant award in the amount detailed above.
3
GRANT AGREEMENT
FOR THE DOWNTOWN REHABILITATION GRANT PROGRAM
BETWEEN
THE CITY OF DUBUQUE, IOWA
AND
TIM SPECHT
THIS GRA T AGREEMENT (the "Agreement"), dated for reference purposes the
6-7'/ day of , 2Q- Z', by and between the CITY OF DUBUQUE, IOWA,
a municipality tablished pursuant to the Code of Iowa ("City") and acting under the
authorization of Chapter 403 of the Code of Iowa (the "Urban Renewal Act") and Tim
Specht ("Grant Recipient").
WITNESSETH:
WHEREAS, in furtherance of the objectives of the Urban Renewal Act, City has
undertaken a program for the development and redevelopment of an area in City known
as the Greater Downtown Urban Renewal District (the "District"), an urban renewal area
established pursuant to the Urban Renewal Act, and in connection therewith has
established the Downtown Rehabilitation Grant Program (the "Program"); and
WHEREAS, Grant Recipient intends to complete the renovation and rehabilitation
of a building located on property within the District locally known as 1555 Central Avenue,
Dubuque, Iowa (the "Development Property"), which shall include various improvements
to the building, as more specifically detailed in Grant Recipient's application to the
Program; and
WHEREAS, Grant Recipient's renovation and rehabilitation of the Development
Property is referred to herein as the "Project"; and
WHEREAS, Grant Recipient previously applied for a Facade Grant for the Project
from City under the Program in amounts collectively up to Ten Thousand Dollars
($10,000) (the "Grant"), the terms of which are set forth in this Agreement; and
WHEREAS, City believes that the development of the Development Property
pursuant to this Agreement and the fulfillment generally of this Agreement, are in the vital
and best interests of City and in accord with the public purposes and provisions of the
applicable state and local laws and requirements under which the foregoing project has
been undertaken and is being assisted.
NOW THEREFORE, in consideration of the promises and obligations of the parties
hereto, each of them does hereby covenant and agree with the others as follows:
SECTION 1. MINIMUM IMPROVEMENTS.
032620ba1
1.1. Required Minimum Improvements. Grant Recipient shall improve the Development
Property as follows:
Fagade improvements including rehabilitation of doors and windows
(the "Minimum Improvements"). The Minimum Improvements shall be completed in
substantial conformity with the scope and scale described in Grant Recipient's application
to the Program, and the Design Letter attached hereto.
1.2. Completion of Minimum Improvements. Grant Recipient shall complete
construction of the Minimum Improvements by September 30, 2020. City shall determine
in its sole discretion (following an inspection by City's Building Services Department
and/or Planning Department) when the Minimum Improvements have been completed. In
order to be considered completed, the Minimum Improvements must be constructed in
accordance with the terms of this Agreement, in compliance with the regulations of the
Downtown Rehabilitation Grant Program, and in substantial conformity with Grant
Recipient's application to that Program and the Design Letter attached hereto.
1.3 Certificate of Completion. Promptly following the request of Grant Recipient and
upon determination of the City Manager that the Minimum Improvements have been
completed as required by Section 1.2 of this Agreement, the City Manager shall furnish
Grant Recipient with the Certificate of Completion in recordable form and shall be a
conclusive determination of the satisfaction and termination of the agreements and
covenants in this Agreement.
1.4. Construction of Minimum Improvements. Grant Recipient shall complete all work
with respect to construction of the Minimum Improvements in conformance with all
requirements of the Program, this Agreement, and all federal, State, and local laws,
ordinances, and regulations.
1.5. Insurance.
(1) During construction of the Minimum Improvements and up to the
Termination Date, Grant Recipient shall maintain, or cause to be maintained, at its
cost and expense (and from time to time at the request of City shall furnish proof
of insurance in the form of a certificate of insurance) all-risk property insurance
against loss and/or damage to the Development Property under an insurance
policy written in an amount not less than the full insurable replacement value of the
Development Property. The term "replacement value" shall mean the actual
replacement cost of the Development Property (excluding foundation and
excavation costs and costs of underground flues, pipes, drains and other
uninsurable items) and equipment, and shall be reasonably determined from time
to time at the request of City, but not more frequently than once every three (3)
years.
2
(2) Grant Recipient shall notify City immediately in the case of damage
exceeding $50,000.00 in amount to, or destruction of, the Development Property
or any portion thereof resulting from fire or other casualty. Net proceeds of any
such insurance (Net Proceeds), shall be paid directly to Grant Recipient as its
interests may appear, and Grant Recipient shall forthwith repair, reconstruct and
restore the Development Property to substantially the same or an improved
condition or value as they existed prior to the event causing such damage and, to
the extent necessary to accomplish such repair, reconstruction and restoration,
Grant Recipient shall apply the Net Proceeds of any insurance relating to such
damage received by Grant Recipient to the payment or reimbursement of the costs
thereof, subject, however, to the terms of any mortgage encumbering title to the
Property (as its interests may appear). Grant Recipient shall complete the repair,
reconstruction and restoration of the Development Property whether or not the Net
Proceeds of insurance received by Grant Recipient for such purposes are
sufficient.
SECTION 2. FURTHER COVENANTS OF GRANT RECIPIENT.
2.1. Operation of Development Property; Housing Vouchers. For and in consideration
of the Grant offered under this Agreement, during the operation of the Development
Property as a rental residential property, Grant Recipient shall accept, or cause to be
accepted, applications from prospective tenants with housing vouchers (issued under the
U.S. HUD's Section 8 voucher program or a similar program) that are otherwise qualified
prospective tenants.
2.2. Real Property Taxes. Until the Termination Date, Grant Recipient shall pay or
cause to be paid, when due, all real property taxes and assessments payable with respect
to all and any parts of the Development Property.
2.3. No Other Exemptions. Until the Termination Date, Grant Recipient agrees not to
apply for any state or local property tax exemptions, except for an application for urban
revitalization tax abatement under Iowa Code Chapter 404 and 427, which are available
with respect to the Development Property or the Minimum Improvements located thereon
that may now be, or hereafter become, available under state law or city ordinance during
the term of this Agreement.
2.4. Non -Discrimination. In carrying out the Project, Grant Recipient shall not
discriminate against any employee or applicant for employment or tenant because of
race, religion, color, sex, sexual orientation, gender identity, national origin, age, or
disability.
SECTION 3. DOWNTOWN REHABILITATION GRANT PROGRAM.
3.1. Downtown Rehabilitation Grant.
3
(1) For and in consideration of Grant Recipient's completion of the Project, City
agrees, subject to the terms and conditions set forth herein, to make the Grant
described in Section 3.2, as stated herein. The Grant is a grant made under
subprograms of the Program.
(2) The final amount of the Facade Grant shall be determined following City's
review of documentation submitted by Grant Recipient showing the eligible
expenses (as applicable to the particular grant) and shall each be in an amount
equal to $0.50 for each $1.00 of eligible expenses incurred by Grant Recipient
within the scope of the Project's approved application, up to the maximum amounts
stated below.
3.2. Facade Grant. City agrees to provide Grant Recipient a grant not to exceed Ten
Thousand Dollars ($10,000) for documented costs that improve the overall appearance
of the Development Property, provided the Project as completed meets the criteria of the
Facade Grant Program.
3.3. Payment of the Grant. The Grant shall be payable as follows:
(1) Any and all portions of the Grant shall be funded solely and only from
available Program funds;
(2) Prior to the release of any Grant funds under Sections 3.2, (i) Grant
Recipient shall have submitted documentation of its eligible expenses under the
corresponding grant program, and (ii) City shall have determined that the Project
is substantially complete, per the terms of Section 1.2; and
(3)
The Grant funds shall be disbursed directly to Grant Recipient.
SECTION 4. EVENTS OF DEFAULT; REMEDIES.
4.1. Events of Default Defined. Failure by Grant Recipient to substantially observe or
perform any covenant, condition, obligation, or agreement on its part to be observed or
performed under this Agreement shall be an "Event of Default."
4.2. Remedies on Default by Grant Recipient. Whenever any Event of Default occurs
and is continuing, City, as specified below, may take any one or more of the following
actions after the giving of written notice by City to Grant Recipient of the Event of Default,
but only if the Event of Default has not been cured within thirty (30) days following such
notice, or if the Event of Default cannot be cured within thirty (30) days and Grant
Recipient does not provide assurances to City that the Event of Default will be cured as
soon as reasonably possible thereafter:
(1) City may suspend its performance under this Agreement, including
suspension of the payment of any installment of the Grant to Grant Recipient, until
4
it receives assurances from Grant Recipient deemed adequate by City, that Grant
Recipient will cure its default and continue its performance under this Agreement;
(2) City may terminate this Agreement; or
(3) City may take any action, including legal, equitable, or administrative action,
which may appear necessary or desirable to enforce performance and observance
of any obligation, agreement, or covenant under this Agreement.
4.3. No Remedy Exclusive. No remedy herein conferred upon or reserved to City is
intended to be exclusive of any other available remedy or remedies, but each and every
such remedy shall be cumulative and shall be in addition to every other remedy given
under this Agreement or now or hereafter existing at law or in equity or by statute. No
delay or omission to exercise any right or power accruing upon any default shall impair
any such right or power or shall be construed to be a waiver thereof, but any such right
and power may be exercised from time to time and as often as may be deemed expedient.
4.4. No Implied Waiver. In the event any agreement contained in this Agreement should
be breached by any party and thereafter waived by any other party, such waiver shall be
limited to the particular breach so waived and shall not be deemed to waive any other
concurrent, previous or subsequent breach hereunder.
SECTION 5. MISCELLANEOUS.
5.1. Conflict of Interest. Grant Recipient represents and warrants that, to its best
knowledge and belief after due inquiry, no officer or employee of City, or its designees or
agents, nor any consultant or member of the governing body of City, and no other public
official of City who exercises or has exercised any functions or responsibilities with
respect to the Project during his or her tenure, or who is in a position to participate in a
decision -making process or gain insider information with regard to the Project, has had
or shall have any interest, director indirect, in any contractor subcontract, or the proceeds
thereof, for work or services to be performed in connection with the Project, or in any
activity, or benefit therefrom, which is part of the Project at any time during or after such
person's tenure.
5.2. Grants, Notices, and Demands. A grant payment, notice, demand, or other
communication under this Agreement by any party to the other shall be sufficiently given
or delivered if it is dispatched by registered or certified mail, postage prepaid, return
receipt requested, or delivered personally, and
(1) In the case of Grant Recipient, is addressed and delivered personally to Tim
Specht, 1053 W 5th Street, Dubuque, IA 52001; and
(2) In the case of City, is addressed and delivered personally to the City of
Dubuque at City Hall, 50 W. 13th Street, Dubuque, IA 52001; Attn: City Manager
and City Attorney.
5
or to such other designated individual or officer or to such other address as any party
shall have furnished to the other in writing in accordance herewith.
5.3. Titles of Sections. Any titles of the several parts and Sections of this Agreement
are inserted for convenience of reference only and shall be disregarded in construing or
interpreting any of its provisions.
5.4. Definitions. All capitalized terms used herein shall have the meaning defined
herein, unless a different meaning clearly appears from the context.
5.5. Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall constitute one and the same instrument.
5.6. Governing Law. This Agreement shall be governed and construed in accordance
with the laws of the State of Iowa.
5.7. Amendment. This Agreement may not be amended except by a subsequent
writing signed by the parties hereto.
5.8. Successors and Assigns. This Agreement is intended to and shall inure to the
benefit of and be binding upon the parties hereto and their respective successors and
assigns.
5.9. Termination Date. This Agreement shall terminate and be of no further force or
effect upon issuance of the Certificate of Completion, unless the Agreement is terminated
earlier by the other terms of this Agreement.
5.10. No Third -Party Beneficiaries. No rights or privileges of either party hereto shall
inure to the benefit of any landowner, tenant, contractor, subcontractor, material supplier,
or any other person or entity, and no such landowner, tenant, contractor, subcontractor,
material supplier, or any other person or entity shall be deemed to be a third -party
beneficiary of any of the provisions contained in this Agreement.
5.11. Indemnification. Grant Recipient hereby agrees to defend, indemnify, and hold
harmless City against any claims made by Grant Recipient, or any third party relating to
or arising out of this Agreement, including costs, expenses, or attorneys' fees.
5.12. No Assignment; Non -Transferability. Following the execution of this Agreement
and until the Termination Date:
(1) Grant Recipient represents and agrees that it will not transfer, convey or
make any assignment of any of its rights or interests in the Development Property,
Minimum Improvements, or this Agreement to any other party unless: (i) the
transferee partnership, corporation, or individual assumes in writing all of the
6
obligations of Grant Recipient under this Agreement, and (ii) City consents thereto
in writing in advance thereof; and
(2) Grant Recipient represents and agrees that it will not assign its rights or
interests in this Agreement, including the Grant, to any other party unless City
consents thereto in writing in advance thereof.
CITY OF DUBUQUE, IOWA
By:
9
Roy D /c uol, Mayor
ATTEST:
Kevi S. irnstahl, City Clerk
TIM SPECHT
7
Masterpiece on the Mississippi
TO:
FROM:
SUBJECT:
DATE:
MEMORANDUM
Jill Connors, Economic Development Director
eliP
Chris Happ Olson, Assistant Planner
Fagade Grant: 1555 Central Avenue
March 2, 2020
Dubuque
hall
AI -America city
h l!
2007 • 2012 • 2013
Introduction
This memorandum forwards the requested design review for work funded with a Fagade
Grant for the property located at 1555 Central Avenue.
Background
The project is in the Greater Downtown Urban Renewal District and the Upper Central
Avenue National Register Historic District. The City of Dubuque Architectural
Guidelines, Secretary of the Interior Standards for Rehabilitation and applicable
Technical Preservation Services Preservation Briefs published by the National Park
Service apply to this project. This project is a reconstruction, as there is little existing
historic fabric extant on the first floor street facade.
Discussion
The scope of work described in the application and depicted and described in the
drawings provided with application is recommended for approval as submitted with the
following conditions:
1. Detailing of trim around plate glass window, bulkhead and transom is modeled
after detailing pictured in recently remodeled strorefronts 1902 Central Avenue
(see Appendix)
2. Separations between the entrance door and plate glass windows should no more
than 12" in width in order to maximize plate glass area in door and 2 primary
windows (see applicant -supplied sketch with clarification by Planning Services
Staff)
3. Details of the central door and its hardware will be provided for approval prior to
ordering or manufacturing. A three -over -three lite glass panel is specified, but a
single plate glass panel for the door is also acceptable. A paneled door similar to
that on the 1902 Central Avenue example is also acceptable.
Appendix
Requirement
The project, if done in accordance with the described scope of work and drawings will
meet the applicable guidelines and standards and is recommended for approval in
terms of design review. Any deviation from the approved scope of work must be
reviewed and approved by the Economic Development and Planning Services
Departments prior to initiation. It is the property owner's responsibility to read and
understand the terms of approval as well as ensure compliance with the project
requirements. It is the property owner's responsibility to obtain the necessary
building permits prior to starting work. It is the property owner's responsibility to
ensure all contractors understand and properly execute all expectation of the
project. Failure to comply with the approved scope of work will result in forfeiture
of all funding.
2
Appendix
4
/555
C irod
Nvoon Jsoi,-Ilt+%Y\
I yCti.N'
ti
x 7 $ j.,l lfl ) 3 h5$
60
No more than 12" width
2
y $w7ba wro0 11171
a0x
33(
12 Tall
�s ..i.Dx.
Applicant -supplied sketch
As well, applicant referred to modeling new storefront on 1902 Central
Avenue remodeling, shown on next page
3
Appendix
Recently completed
1902 Central
Avenue
Appropriate model
for strorefront
design for windows,
transoms,
bulkheads and trim
Application for Downtown Incentive Programs
Name of Applicant (Developer/Company): / /I?% Sre �',lj,�
Address of Proposed Property: /5Ss Ce,YI tr'ct;l
Contact Name: 7%7/
Address:PO Ive Sfi 3 l City/State: !7 v'rg l 1 . Zip: )
Phone: 5i) Lj f.5'r6h3.; Email: Sic c tt-c mAs-frc Cron e o-t .4, Cary^
Date of Birth:
A.) Downtown Housing Incentive ( )
B.) Downtown Rehabilitation Grant %(
.a9ade Grant Program
() Financial Consultant Grant Program
() Planning and Design Grant Program
C.) Tax Increment Rebate or Tax Abatement ( )
Please Include Proof of Building Ownership as Attachment A
You may use the following site as a resource for providing this information:
https://beacon.schneidercorp.com/
Please include photographs of the property before work has commenced
Masterpiece on the Mississippi
Dubuque
All -America City
�V30[v�I. U\LIi X) is
1111
2007*2012*2013
2017*2019
Economic Development Department
1300 Main Street
Dubuque, IA 52001-4864
Office: (563) 589-4393
TTY: (563) 690-6678
http://www.cityofdubuque.org
ECEOUED
City of Dubuque, Iowa v/104
If Applicant is not building owner, you must provide proof of building owner's
permission to proceed with project as part of Attachment A:
If the owner is a for -profit or non-profit organization, you must provide a resolution adopted by
the Board of Directors which authorizes both the project and the application attached with the
Minutes of the Meeting when it was adopted. Please Include as Attachment B
Does Applicant own or have ownership interest in other Properties in Dubuque?
( )Yes NNo
If yes, please list addresses:
Do the above properties comply with all applicable City of Dubuque ordinances and regulations,
including but not limited to, Housing, Building, Zoning, Fire, Health and Vacant & Abandoned
Building regulations? '(Yes ()No
Masterpiece on the Mississippi
Dubuque
trail
All -America City
1 1 '
2007*2012*2013
2017*2019
Economic Development Department
1300 Main Street
Dubuque, IA 52001-4864
Office: (563) 589-4393
TTY: (563) 690-6678
http://www.cityofdubuque.org
Do existing signs on the project property comply with City Zoning regulations and design
guidelines? ( )Yes ()No KN/A
If the above answer is no, or the Applicant is proposing new signs, please describe the design
materials and colors that will be used on the sign face, how the sign will be displayed, and any
lighting proposed.
With whom has the Applicant discussed details of this project in the City of Dubuque
Planning Department? This is mandatory. C / ri5 /-jape OLbn
Has Applicant reviewed the City's Design Review Guidelines at
http://cityofdubuque.orq/1295/Desiqn-Guideline ?
Will this Project be utilizing Federal or State Historic Tax Credit
A..Yes ()No
( )Yes ()No
Please list other sources of funding and financing for this project besides the requested grants,
and whether the sources are already secured.
/(.t_S rt'ri -i r?'f 1'�.j
C
Current Physical Condition of the Building - Written:
Please Inchc:Je Visual as Attachment C
fat i �i/n / s 1,1 (good c d,'i6--)1 gut tLI
• w1
d r J PS1/1 \-) o f YYJ
Proposed Modification of Building/Intended Improvements - Written:
Please Include Visual as Attachment D
1i k. $A5i- onT
k,e. /i1 M V t�� s744 ) 7 - a pa TY"
%P11. 1 el do S744 i S C�-sm, r c,
Masterpiece on the Mississippi
Dubuque
All -America City
(1\1, !JAM
2007*2012.2013
2017*2019
Economic Development Department
1300 Main Street
Dubuque, IA 52001-4864
Office: (563) 589-4393
TTY: (563) 690-6678
http://www.cityofdubuque.org
Community Benefit/Impact of
Project (how will the project further the revitalization of downtown):
if additional space is needed, please include as Attachment E
171" . I✓ i /9 poi° ✓���� n — Apo v i'yn.a r` -C H ill
e orn rn e r c , ?ivi
;tat-, a o r ,', on C 4,117Iiy)
Estimated Start Date:
Estimated Completion Date:
lei' i (Da
e c7a, 1
Number of Current Units:
Number of New Housing Units Created:
Number of Jobs Created after Completion:
A.) Downtown Housing Incentive Program
Number of Housing Units Created that are Greater than 650 Square Feet (In general, two (2)
through seventy-five (75) units are eligible. Rehabilitated housing units that have been vacant
for over three years are considered new units):
Amount of Assistance Requested (No more
than $10,000 per unit is eligible) $
Does the project have bank financing? ( )Yes ( )No
If yes, what financial institution?
Please Include Letter of Commitment from Financial Institution as Attachment F
Are there Additional Benefits to the City Greater than the Creation of New Housing?
In What Subarea of the Greater Downtown Urban Renewal District is the Proposed Project
Located? (Projects in the Washington Neighborhood must be located above a commercial
component on the first floor of the building, unless the project is rehabilitating or reusing a
former church or school)
Masterpiece on the Mississippi
Dubuque
All•America City
1 r
2007*2012.2013
2017*2019
Economic Development Department
1300 Main Street
Dubuque, IA 52001-4864
Office: (563) 589-4393
TTY: (563) 690-6678
http://www.cityofdubuque.org
Are detailed drawings showing dimensions, architectural details, and labels, attached to the
application? Please include as Attachment G
Is a 10-year pro forma attached? Please include
as Attachment H
Does the pro forma show a developer's fee?
If yes, over what period of time will this fee be paid?
;Yes ()No
( )Yes ()No
( )Yes ()No
Will residential units have any income restrictions? ( )Yes ()No
How many residential units will have income restrictions?
(No more than 65% of the rental units can have a restriction
of 80% median income.)
What is the percentage of the average median income on the
income restricted apartment? (No residential units will be allowed
to have a restriction of less than 80% median income.)
Is a Floor plan for all units attached? Please attach
as Attachment I ( )Yes ()No
B.) Downtown Rehabilitation Grant
Bids: Please attach bid(s) for the proposed work as Attachment J
Certificate of Insurance: Please attach a certificate of insurance for the individual/company
bidding the work as Attachment K
Facade Grant
Estimated costs for facade improvements
How much assistance is the project requesting?
Will the project include repointing or tuck pointing?
If yes, a mortar analysis sample may be required.
The sample would be a reimbursable expenditure.
$JC v 007)
$ l 1.5 vo -o
( )Yes SNo
Masterpiece on the Mississippi
Dubuque
bnerld
All -America City
h11Y1V'N (AB: I14.1::
I 1 '
2007*2012*2013
2017*2019
Financial Consultant Grant
Estimated costs for financial consultant services
How much assistance is the project requesting?
Planning and Design Grant
Estimated costs for planning and design
How much assistance is the project requesting?
Economic Development Department
1300 Main Street
Dubuque, IA 52001-4864
Office: (563) 589-4393
TTY: (563) 690-6678
http://www.cityofilubuque.org
*Grant Funds will be disbursed upon completion of work, documentation of costs and an
inspection of completed project at a rate of $.50 for each $1.00 of costs incurred, up to
maximum amount of grant committed. Written requests for payment must be submitted to the
Economic Development Department.
**Paid invoices and/or cancelled checks will be required to confirm expenditures.
C.) Tax Increment Rebate or Tax Abatement
Signature: Date: `'/ —o7'0
To be considered for approval, a fully completed application with attachments and exhibits must
be submitted via website, email, in -person, or US Post to the City of Dubuque's Economic
Development Department, 1300 Main Street, Dubuque, Iowa 52001.
1:25
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1555 CENTRAL AVE
DUBUQUE IA 52001
Sec/Twp/Rng
N/A
Brief Tax Description
N 23.2' OF M 1/5 OF CITY LOT 451
(Note: Not to be used on legal documents)
Deed Book/Page
2010-12051(8/23/2010)
Contract Book/Page
Gross Acres
0.00
Net Acres
0.00
Class
C - COMMERCIAL
(Note: This is for tax purposes only. Not to be used for zoning.)
District
DUBA - DuRUQUF CITY/DBQ COMM SCH
School District
DUBUQUE COMM. SCHOOL DIST
8 Owners
Deed Haider Contract Holder Mailing Address
Specht, Timothy L Specht, Timothy L
8760 Kemp CT 8760 Kemp CT
Dubuque IA 52003 Dubuque IA 52003
eLand
00 0
i Oa
y
00
8
3
CERTIFICATE OF COMPLETION
WHEREAS, the City of Dubuque, Iowa, a municipal corporation (the "Grantor"),
has granted incentives to Tim Specht (the "Grantee"), in accordance with a Development
Agreement dated as of April 6th, 2020 (the "Agreement"), certain real property located
within the Greater Downtown Urban Renewal District of the Grantor and as more
particularly described as follows:
The Northernly 23.2 feet of the Middle 1/5 of Out Lot 451 in the
City of Dubuque, Iowa, according to the United States
Commissioner's Map of the Survey of the Town of Dubuque, Iowa
(the "Development Property"); and
WHEREAS, said Agreement incorporated and contained certain covenants and
conditions with respect to the rehabilitation of the Development Property, and obligated
the Grantee to construct certain Minimum Improvements (as defined therein) in
accordance with the Agreement; and
WHEREAS, the Grantee has to the present date performed said covenants and
conditions insofar as they relate to the construction of the Minimum Improvements in a
manner deemed sufficient by the Grantor to permit the execution and recording of this
certification; and
NOW, THEREFORE, pursuant to Section 1.3 of the Agreement, this is to certify
that all covenants and conditions of the Agreement with respect to the obligations of the
Grantee, and its successors and assigns, to construct the Minimum Improvements on the
Development Property have been completed and performed by the Grantee to the
satisfaction of the Grantor and such covenants and conditions are hereby satisfied.
The County Recorder of Dubuque County is hereby authorized to accept for recording
and to record the filing of this instrument, to be a conclusive determination of the
satisfaction of the covenants and conditions as set forth in said Agreement, and that the
Agreement shall otherwise remain in full force and effect.
(SEAL) CITY OF DUBUQUE, IOWA
By:
Mike Van Milligen, City Manager
STATE OF IOWA
SS
COUNTY OF DUBUQUE )
On this day of , , before me, the undersigned, a Notary
Public in and for the State of Iowa, personally appeared and
acknowledged said execution of the instrument to be his/her voluntary act and deed.
Notary Public in and for
Dubuque County, Iowa