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Radford Road Urban Renwal Area_HearingCopyrighted S eptember 28, 2020 City of Dubuque Special Meeting Public Hearings # 1. IT E M T I T L E:Radford Road Urban Renewal A rea S UM M ARY:Proof of publication on notice of public hearing to consider approval of a proposed Urban Renewal Plan (the “P lan”) for the Radford Road Urban Renewal District (the “District”), and the City Manager recommending approval. RE S O L UT I O N A pproving the amended and Restated Urban Renewal Plan for the Radford Road E conomic Development District S UG G E S T E D D I S P O S I T I O N: Suggested Disposition: Receive and F ile; A dopt Resolution(s) AT TAC H ME N TS: Description Type Radford Road Urban Renewal Plan-MV M Memo City Manager Memo Staff Memo Staff Memo Urban Renewal Plan Supporting Documentation Attachment A - Area Map Supporting Documentation Attachment B1 - Existing Land Use Map Supporting Documentation Attachment B2 - Proposed Land Use Map Supporting Documentation Attachment C - Bonded I ndebtedness Supporting Documentation Attachment D - Legal Description Supporting Documentation Taxing Body Consultation Minutes Supporting Documentation Long Range Planning Advisory Commission Recommendation Supporting Documentation Resolution Resolutions Proof of Publication Supporting Documentation TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Urban Renewal Plan for the Radford Road Urban Renewal District DATE: September 24, 2020 Economic Development Director Jill Connors is recommending approval of an Urban Renewal Plan for the Radford Road Urban Renewal District. On September 8, 2020 the City Council approved a Resolution of Necessity finding that the proposed area was an economic development area and appropriate for urban renewal activities. Staff has prepared the Plan for the area as per the directive of the City Council. The Plan was reviewed by the Long Range Planning Commission on September 16, 2020. The Long Range Planning Commission has forwarded its recommendation to the City Council affirming that the Plan is consistent with the City’s Comprehensive Plan for development. The Plan will create a district to include property adjacent to Radford Road near Wolff Road. The plan would provide this area with access to the tools and incentives available to urban renewal district properties, including tax increment financing. The primary goal of the Plan is to stimulate, through public involvement and commitment, private investment in new housing and residential development. The proposed Plan would result in the creation of mixed-income housing units near Eleanor Roosevelt Middle School and Carver Elementary. The Dubuque Community School District has expressed its support for this plan and the proposed development. The Plan aligns with Imagine Dubuque’s call to, “foster the development of new and additional housing products in suitable locations throughout the City” and the Council’s goal—Livable Neighborhoods and Housing: Great Place to Live. 2 I concur with the recommendation and respectfully request Mayor and City Council approval. _____________________________________ Michael C. Van Milligen MCVM:jh Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jill M. Connors, Economic Development Director Alexis Steger, Housing & Community Development Director 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: Urban Renewal Plan for the Radford Road Urban Renewal District DATE: September 21, 2020 INTRODUCTION This memorandum presents for City Council consideration a resolution approving an Urban Renewal Plan (the “Plan”) for the Radford Road Urban Renewal District (the “District”). The District would include property adjacent to Radford Road near Wolff Road. The Plan and Resolution adopting the Plan are attached. BACKGROUND On September 8, 2020 the City Council approved a Resolution of Necessity finding that the proposed area was an economic development area and appropriate for urban renewal activities. Staff has prepared the Plan for the area as per the directive of the City Council. A consultation process was conducted with the affected taxing bodies as required by Iowa State Law. The required consultation with affected taxing bodies was held on September 14, 2020. No objections were received. The Plan was reviewed by the Long Range Planning Commission on September 16, 2020. The Long Range Planning Commission has forwarded its recommendation to the City Council affirming that the Plan is consistent with the City’s Comprehensive Plan for development. DISCUSSION The Plan will create a district to include property adjacent to Radford Road near Wolff Road (see Attachment A of the Urban Renewal Plan for a map). The plan would 2 provide this area with access to the tools and incentives available to urban renewal district properties, including tax increment financing. 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 Iowa Code Section 403.17(12). The proposed Plan would result in the creation of mixed-income housing units near Eleanor Roosevelt Middle School and Carver Elementary. The Dubuque Community School District has expressed its support for this plan and the proposed development. The Plan aligns with Imagine Dubuque’s call to, “foster the development of new and additional housing products in suitable locations throughout the City” and the Council’s goal—Livable Neighborhoods and Housing: Great Place to Live. RECOMMENDATION/ ACTION STEP I recommend the City Council adopt the attached Resolution creating an Urban Renewal Plan for the Radford Road Urban Renewal District. 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. 305-20 APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN FOR THE RADFORD ROAD ECONOMIC DEVELOPMENT DISTRICT Whereas, by Resolution 282-20 on September 8, 2020, the City Council of the City of Dubuque, Iowa authorized the preparation of an Urban Renewal Plan for the Radford Road Economic Development District (the "District"); and Whereas, the City of Dubuque's primary objective for the Urban Renewal Plan is to provide opportunities which will further economic development purposes and objectives; 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 Urban Renewal Plan received; and Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa, has held a public hearing on the proposed Urban Renewal Plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the Urban Renewal Plan for the Radford Road Economic Development District, on file in the City Clerk's Office and made reference to herein, is hereby approved. Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and directed to file a certified copy of this Resolution in the office of the Dubuque County Auditor. [signature page follows] 092120ba1 Passed, approved and adopted this 28th day of September 202 Roy D. Buol, Mayor Attest: Kevi Firnstahl, ity Clerk URBAN RENEWAL PLAN Radford Road Economic Development District City of Dubuque, Iowa This Urban Renewal Plan provides for the development of the Radford Road Economic Development District. This plan was authorized by Resolution 305-20 of the City Council of the City of Dubuque, Iowa on September 28, 2020. Prepared by the Economic Development Department. Version 2020.1 1 TABLE OF CONTENTS A. INTRODUCTION B. JUSTIFICATION FOR THE DESIGNATION C. OBJECTIVES OF THE PLAN D. DISTRICT BOUNDARIES E. PUBLIC PURPOSE ACTIVITIES F. PUBLIC BUILDING ANALYSIS G. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS 1. LAND USE 2. PLANNING AND DESIGN CRITERIA H. LAND ACQUISITION AND DISPOSITION I. RELOCATION REQUIREMENTS J. FINANCING ACTIVITIES K. STATE AND LOCAL REQUIREMENTS L. DURATION OF APPROVED URBAN RENEWAL PLAN M. SEVERAB!L !TY N. AMENDMENT OF APPROVED URBAN RENEWAL PLAN O. ATTACHMENTS A. INTRODUCTION This URBAN RENEWAL PLAN (the "Plan") has been prepared to achieve the objectives and public purpose activities intended to stimulate, through public actions, financing, and commitments, private investment within the area known as the Radford Road Urban Renewal District (the "District"). In order to achieve this objective, the City of Dubuque (the "City") shall undertake the urban renewal actions specified in this Plan, pursuant to the powers granted to it under Chapter 403 of the Iowa Code, Urban Renewal Law, and Chapter 15A of the Iowa Code. B. JUSTIFICATION FOR THE DESIGNATION The City Council of the City of Dubuque, Iowa has determined that a need exists for affordable and mixed -income housing within the community to enhance economic development activities. The Council has declared by Resolution of Necessity No. 305-20 on September 8, 2020 that these factors have impaired the sound growth of the City of Dubuque and of the area comprising the District. C. OBJECTIVES OF THE PLAN The primary objectives of the Plan are the development and redevelopment of the District, through: 1. The creation and development of housing units and residential opportunities in the District; and 2. The creation of a safe, efficient, and attractive circulation system for both pedestrian and vehicular traffic within the District and in the public right-of- way corridor areas leading to the District; 3. The creation of financial incentives necessary to encourage private investment in the District; 4. The expansion of the existing property tax base of the District; 5. The creation of a safe, healthy, and attractive physical environment through the construction or installation of necessary infrastructure and other public improvements or actions supportive of the District; and To provide reimbursement of City personnel costs and other administration and legal fees associated with the development and implementation of urban renewal projects within the District. 3 D. DISTRICT BOUNDARIES The District is located within the City of Dubuque, County of Dubuque, State of Iowa. The boundaries of the District are delineated on the Map, Attachment A, also on file at the Dubuque City Clerk's Office. The description of the boundaries of the District is attached as Attachment D to this Plan. The City reserves the right to modify the boundaries of the District at some future date. Any amendments to, or restatements of, the Plan will be completed in accordance with Chapter 403 of the Iowa Code, Urban Renewal Law. E. PUBLIC PURPOSE ACTIVITIES To meet the OBJECTIVES of this Plan, the City of Dubuque is prepared to initiate and support development and redevelopment of the District through the following PUBLIC PURPOSE ACTIVITIES: 1. Improvement, installation, construction and reconstruction of streets, utilities and other improvements and rights -of -ways 2. Use of tax increment financing, loans, grants and other appropriate financial tools in support of eligible public and private development and redevelopment efforts; a. These activities include, but are not limited to, the funding of economic development grants for qualified residential creation projects. 3. Direct assistance to businesses to incentivize private investment and/or job growth and/or to remediate blighted conditions on undeveloped and underdeveloped properties: a. These activities include, but are not limited to, property tax rebate agreements with: • Gardens of Dubuque, LLC for the development of a mixed - income residential property in an amount approximately equal to $1,100,000 to incentivize this $10 million development. 4. Enforcement of applicable local, state and federal laws, codes and regulations. 5. The City expects to consider requests for additional development agreements for projects that are consistent with this Plan, in the City's sole 4 discretion. Such additional agreements are unknown at this time but based on past history and dependent on development opportunities and climate, the City expects to consider a broad range on incentives as authorized by this Plan, including, but not limited to, land, loans, grants, tax rebates, public infrastructure assistance, and other incentives. The foregoing public purpose activities may be undertaken throughout the District and subareas where appropriate. All public purpose activities shall be conditioned upon and shall meet the restrictions and limitations placed upon the District by the Plan. F. PUBLIC BUILDING ANALYSIS There are currently no public buildings anticipated in the District. G. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall apply to any and all District properties the preservation, conservation, development and/or the redevelopment of which is assisted by the City through any of the PUBLIC PURPOSE ACTIVITIES listed above. Attachment B-1 and B-2 identify the existing and proposed land uses within the Radford Road Urban Renewal District. 1. LAND USE: The intent of this Plan is to promote the construction of an affordable and mixed - income residential property. All uses shall be regulated by the zoning district established for the property. LAND USE maps (Attachments B1 and B2) identify the existing and the proposed land uses within the District. 2. PLANNING AND DESIGN CRITERIA: The planning criteria to be used to guide the physical development of the District are those standards and guidelines contained within the City of Dubuque's Zoning Ordinance and other applicable local, state and federal codes and ordinances. H. LAND ACQUISITION AND DISPOSITION 1. Land Acquisition: The City does not intend to acquire any property within the District. However, the City reserves the right to acquire, by negotiation or eminent domain, property rights required for the construction or reconstruction of streets and public utilities, or any other public facility or improvement. 5 2. Land Disposition: Publicly held land will be sold or leased for the development of viable uses consistent with this Plan, and not for purposes of speculation. Land will be disposed of in accordance with the requirements set forth in Chapter 403 of the Iowa Code, Urban Renewal Law. Developers and redevelopers will be selected on the basis of the quality of their proposals and their ability to carry out such proposals while complying with the requirements of this Plan. Developers and redevelopers will be required by contractual agreement to observe the Land Use Requirements and Planning and Design Criteria of this Plan. The contract and other disposition documents will set forth the provisions, standards and criteria for achieving the objectives and requirements outlined in this Plan. I. RELOCATION REQUIREMENTS Relocation assistance in accordance with applicable provisions of Chapter 316 of the Iowa Code, Highway Relocation Assistance Law, will be provided in the event that an existing business or residence is displaced by publicly supported development or redevelopment activities. J. FINANCING ACTIVITIES To meet the OBJECTIVES of this Plan and to encourage the development and redevelopment of the District and private investment therein, the City of Dubuque is prepared to provide financial assistance to qualified industries, businesses and housing developers through the making of loans or grants under Chapter 15A of the Iowa Code and through the use of tax increment financing under Chapter 403 of the Iowa Code. 1. Chapter 15A Loan or Grant: The (City has determined that the making of loans or grants of public funds to qualified industries, businesses and housing developers is necessary to aid in the planning, undertaking and completion of urban renewal projects authorized under this Plan within the meaning of Section 384.24(3)(q) of the Iowa Code. Accordingly, in furtherance of the objectives of this Plan, the City may determine to issue bonds or loan agreements, in reliance upon the authority of Section 384.24A, Section 384.24(3)(q), Section 403.12 (general obligation bonds) or Section 403.9 (tax increment bonds), for the purpose of making loans or grants of public funds to qualified entities located within the District. Alternatively, the City may determine to use available funds for the making of such loans or grants. In determining qualifications of recipients and whether to make any such individual loans or grants, the City shall consider one or more of the factors set forth in Section 15A.1 of the Iowa Code on a case -by -case basis. 2. Tax Increment Financing: The City is prepared to utilize tax increment financing, authorized under Iowa Code Section 403.19 and current City ordinance, as a means of financing eligible costs incurred to implement the Public Purpose Activities identified in Section E of this Plan. Bonds or loan agreements may be issued by the City under the 6 authority of Section 403.9 of the Iowa Code (tax increment bonds) or Section 384.24A, Section 384.24(3)(q) and Section 403.12 (general obligation bonds). The City acknowledges that the use of tax increment revenues delays the ability of other local taxing bodies to realize immediately the direct tax benefits of new development in the District. The City believes, however, that the use of tax increment revenues to finance the public improvements and to promote private investment in the District is necessary in the public interest to achieve the OBJECTIVES of this Plan. Without the use of this special financing tool, new investment may not otherwise occur or may occur within another jurisdiction. If new development does not take place in Dubuque, property values could stagnate and the City, County and School District may receive less taxes during the duration of this Plan than they would have if this Plan were not implemented. Tax increment financing will provide a long-term payback in overall increased tax base for the City, County, and Dubuque Community School District. The initial public investment required to generate new private investment will ultimately increase the taxable value of the District well beyond its existing base value. Tax increment reimbursement may be sought for any of the eligible costs incurred by the City in connection with any of the Public Purpose Activities described in Section E of this Plan, including but not limited to the following: a. Planning and administration of the Plan consistent with the provisions of Section 403.6 and Section 403.12 including, but not limited to, staffing and personnel related expenses such as salary incurred by the economic development, engineering, water, and planning departments and other City personnel related to and supporting economic development and urban renewal projects within the District, in an amount not to exceed $50,000 annually; b. Construction of any of the public improvements, amenities and facilities described in Section E of this Plan or otherwise contemplated by the Plan within the District, including pre -development planning, environmental assessment and remediation, feasibility analysis and engineering costs; c. Acquisition, installation, maintenance and replacement of public improvements throughout the District including but not limited to streetlights, benches, landscaping, appropriate signage and rest rooms; d. Acquisition of land and/or buildings and preparation of same for sale to private developers, including any "write down" of the sale price of the land and/or building; e. Preservation, conservation, development or redevelopment of buildings or facilities within the District to be sold or leased to qualifying for -profit and not -for - profit organizations, developers and businesses; 7 f. Loans or grants to qualified entities under Chapter 15A of the Iowa Code, including debt service payments on any bonds issued to finance such loans or grants, for purposes of expanding the business or activity, or other qualifying loan programs established in support of the Plan; and g. Providing the matching share for a variety of local, state and federal grants and loans. h. Any of the costs incurred in connection with any of the PUBLIC PURPOSE ACTIVITIES described in Section E of this Plan. 3. Proposed Amount of Indebtedness: At this time, the extent of improvements and new development within the District is only generally known. As such, the amount and duration for use of the tax increment revenues for public improvements and/or private development can only be estimated; however, the actual use and amount of tax increment revenues to be used by the City for District activities will be determined at the time specific development is proposed, and approved by the City Council. The estimated project costs are estimates only and will be incurred and spent over a number of years. In no event will the City's debt limit be exceeded. The City Council will consider each project proposal on a case -by -case basis to determine if it is in the City's best interest to participate before approving an urban renewal project or expense. It is further expected that such indebtedness, including interest on the same, may be financed in whole or in part with tax increment revenues from the District. Subject to the foregoing, it is estimated that the cost of the eligible urban renewal projects as described above and the outstanding indebtedness will be approximately $5,000,000. This total does not include financing costs related to debt issuance, which will be incurred over the life of the Area. The City of Dubuque's current indebtedness subject to the statutory debt limit is $111,687,827 (a list of the outstanding obligations is found as Attachment C) and the current constitutional debt limit is $239,298,248. K. STATE AND LOCAL REQUIREMENTS All provisions necessary to conform with state and local laws have been complied with by the City of Dubuque in the implementation of this Plan and its supporting documents. L. DURATION OF APPROVED URBAN RENEWAL PLAN This Plan shall continue in effect until terminated by action of the City Council, but in no event shall terminate before the City of Dubuque has received full reimbursement from all incremental taxes for its advances and principal and interest payable on all Tax Increment Financing or general obligations issued to carry out the OBJECTIVES of the Plan. However, the use of tax increment financing revenues by the City for the public purpose activities carried out under this Plan shall be limited as deemed appropriate by the City 8 Council and consistent with all applicable provisions of law. The DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS established, or as amended from time to time by the City of Dubuque Zoning Ordinance, shall remain in effect in perpetuity. M. SEVERABILITY In the event one or more provisions contained in this Plan shall be held for any reason to be invalid, illegal, unauthorized or unenforceable in any respect, such invalidity, illegality, lack of authorization or unenforceability shall not affect any other provision of this Plan and this Plan shall be construed and implemented as if such provision had never been contained herein. N. AMENDMENT OF APPROVED URBAN RENEWAL PLAN This Plan may be amended from time to time to respond to development opportunities. Any such amendment shall conform to the requirements of Chapter 403 of the Iowa Code, Urban Renewal Law. Any change effecting any property or contractual right can be effectuated only in accordance with applicable state and local law. O. ATTACHMENTS The following attachments are a part of this Plan and are on the at the Dubuque City Clerk's Office: A Map B-1 Existing Land Use Map B-2 Proposed Land Use Map C List of General Obligation Debt D District Boundary Dcscription 9 Jibmwombik• • 'lit gailam ) .10:111••••• r • 111111WW.,• •// 'we v •-• I " Radford Rd Urban Renewal District Vacant .ACHMENT B-1: " ING LAND USE RADFORD RD WAL DI,STRICT .,. RADFORD tin Mr WOLFF Radford Rd Urban Renewal District Public Open Space RADFORD Attachment C City of Dubuque Summary of Bonded Indebtedness Description Date Average Year of Amount Principal Principal Interest Principal of Interest Final of Outstanding Due Due Outstanding Issue Rate Payment Issue 6/30/20 FY 2021 FY 2021 6/30/21 General Obligation Bonds (Essential Corporate Purpose) Airport New Term Furnishings - STax 20% 11/17/14 3.30% 2026 55,000 30,000 5,000 900 25,000 Airport Improvements Refunding 4/17/17 3.00% 2030 282,200 228,100 19,200 6,843 208,900 Airport Improvements - PFC 6/28/12 3.20% 2032 2,145,000 1,470,000 105,000 48,728 1,365,000 Airport Improvements - Sales Tax 20% 6/28/12 3.20% 2032 90,000 20,000 10,000 480 10,000 Airport Terminal Utility Improv - PFC 11/17/14 3.30% 2034 690,000 540,000 30,000 17,456 510,000 Airport New Terminal Roads/Parking 4/4/16 2.79% 2036 635,927 523,705 28,775 14,053 494,930 Airport Runway Lighting- FY20 Future 4.00% 2040 156,400 156,400 2,686 6,256 153,714 Airport Snow Removal Equip- FY20 Future 4.00% 2040 230,000 230,000 3,949 9,200 226,051 America's River Refunding -General Fund 4/17/17 3.00% 2021 1,984,100 520,700 520,700 15,621 - America's River Refunding - GDTIF 4/17/17 3.00% 2021 1,255,000 330,000 330,000 9,900 - Building -Conf Center Improv - ST20% 6/20/19 3.00% 2022 25,076 16,725 8,358 2,838 8,368 Building- Conf Center Energy Improv 6/20/19 3.00% 2027 187,136 164,288 22,848 4,929 141,440 Building 18th Street Improv Sales Tax 20% 3/19/18 3.05% 2026 391,913 306,121 46,796 9,294 259,325 Building City Hall Brickwork - ST20% 6/20/19 3.00% 2027 236,448 210,230.61 27,697.18 9,405 182,533 Building Smart Meters Refunding 4/17/17 3.00% 2030 45,400 36,700 3,100 1,101 33,600 Building Federal Building Roof - Sales Tax 4/4/16 2.79% 2035 268,404 221,039 12,145 5,931 208,894 Civic Center Improvements - Sales Tax 6/20/19 3.00% 2027 323,146 287,316 37,853 12,854 249,463 Civic Center Chair Platform Section 3 6/20/19 3.00% 2027 59,340 52,095 7,245 1,563 44,850 DICW Expansion -Non Taxable - Refunding 4/4/16 2.91% 2023 3,175,000 700,000 625,000 21,000 75,000 DICW Expansion - South Siegert Farm 3/19/18 3.05% 2026 239,534 187,099 28,601 5,680 158,498 DICW North Siegert Refunding 4/17/17 3.00% 2029 1,285,000 1,010,000 100,000 30,300 910,000 DICW Expansion - Consultant 12/10/12 2.53% 2032 151,462 107,582 7,785 2,709 99,797 DICW Expansion - South Siegert Farm - 6/28/12 3.20% 2032 3,975,000 2,725,000 195,000 90,365 2,530,000 DICW Expansion - South Siegert Farm- 6/20/19 3.00% 2032 305,357 285,937 19,437 6,600 266,500 DICW Taxable - Land Acquisition 11/17/14 3.99% 2034 1,640,000 1,235,000 70,000 44,875 1,165,000 DICWChavenelle Road - FY21 Non- Future 6.00% 2041 1,295,000 - 1,295,000 E911 Tower Relocation - Sales Tax 20% 6/20/19 3.00% 2027 141,869 126,139 16,618 5,643 109,520 Finance General Ledger Software - FY21 Future 4.00% 2041 250,000 - 250,000 Fire Station #4 Improvements - Gaming 6/20/19 3.00% 2027 188,054 161,108 26,968 9,158 134,140 Fire Amb/Building HVAC/Bunker Irrigation/ 11/17/14 3.30% 2025 715,000 375,000 70,000 11,250 305,000 Fire Truck Refunding - Debt Service Levy 4/17/17 3.00% 2030 951,500 769,400 64,800 23,082 704,600 Fire Station #2/Park Improvements - Sales 11/17/14 3.30% 2034 320,000 245,000 15,000 7,925 230,000 Fire Ambulance Replacement 4/17/17 3.00% 2030 230,000 185,000 15,000 5,550 170,000 Fire Structural Repairs 5&6/Quick Pump - 6/20/19 3.00% 2039 448,875 448,875 13,466 448,875 Fire Pumper Replacement - FY20 Future 4.00% 2040 292,000 292,000 5,014 11,680 286,986 Fire Replace HVAC Headquarters - FY20 Future 4.00% 2040 80,000 80,000 1,374 3,200 78,626 Fire Ladder Replacement - FY21 Future 4.00% 2041 289,000 - - - 289,000 Fire Replace HVAC Headquarters - FY21 Future 4.00% 2041 169,000 - - - 169,000 Franchise Fee Settlement Judgment Bond 4/4/16 2.93% 2035 2,830,000 2,310,000 135,000 64,906 2,175,000 GDTIF Main Street Refunding 4/17/17 3.00% 2021 305,000 80,000 80,000 2,400 GDTIF Kephart's Building - Refunding 4/4/16 2.91% 2023 200,000 90,000 30,000 2,700 60,000 GDTIF Library Renovation - Refunding 4/4/16 2.91% 2023 1,275,000 580,000 185,000 17,400 395,000 GDTIF Colts Building Renovation 6/20/19 3.00% 2039 1,575,000 1,575,000 - 47,250 1,575,000 GDTIF East/West Cooridor - FY20 Future 4.00% 2040 450,000 450,000 7,727 18,000 442,273 GDTIF - Engineering Projects - FY20 Future 4.00% 2040 108,000 108,000 1,854 1,287 106,146 GDTIF - 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Discussion of stormwater management and runoff mitigation for the proposed project. A panel investigating the site plan will forward any findings to the taxing bodies. Meeting Adjourned: 2:00 p.m. /111i VL k �%-s-- V v v Jill M. Connors Economic Development Director, City of Dubuque