Tax Increment Ordinance for the North Grandview Estates Housing Urban Renewal Area Copyrig hted
February 1, 2021
City of Dubuque Action Items #4.
City Council Meeting
ITEM TITLE: Tax Increment Ordinance forthe North Grandview Estates Housing
Urban Renewal Area
SUM MARY: City Manager recommending approval of an ordinance creating a tax
increment financing district for the North Grandview Estates Urban
Renewal Area.
ORDINANCE Providing thatgeneral propertytaxes levied and collected
each year on all property located within the North Grandview Estates
Housing Urban Renewal Area, in the City of Dubuque, County of
Dubuque, State of lowa, by and for the benefit of the State of lowa, City
of Dubuque, County of Dubuque, Dubuque Community School District
and other taxing districts, be paid to a special fund for payment of
principal and interest on loans, monies advanced to and indebtedness,
including bonds issued or to be issued, incurred by said City in
connection with said North Grandview Estates Housing Urban Renewal
Area
SUGGESTED Suggested Disposition: Receive and File; Motion B; Motion A
DISPOSITION:
ATTACHMENTS:
Description Type
North Grandview Estates TI F Ordinance-MVM Memo City Manager Memo
Staff Memo Staff Memo
Ordinance Ordinance
Urban Renewal Plan Supporting Documentation
Attachment A- area map Supporting Documentation
Attachment B1 - E�asting Land Use Supporting Documentation
Attachment B2- Proposed Land Use Supporting Documentation
Attachment C - Bonded Indebtedness Supporting Documentation
Attachment D - Legal Description Supporting Documentation
Ta�ang Body Consultation Minutes Supporting Documentation
Long Range Planning Advisory Commission Supporting Documentation
Recommendation
Suggested Motion Wording Supporting Documentation
Dubuque
THE CITY OF �
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Tax Increment Ordinance for the North Grandview Estates Housing Urban
Renewal Area
DATE: January 28, 2021
Economic Development Director Jill Connors recommends City Council approval of an
ordinance creating a tax increment financing district for the North Grandview Estates
Urban Renewal Area. The ordinance authorizes utilization of tax increment financing to
allow both public and private development efforts in the North Grandview Estates
Housing Urban Renewal Area.
With the 10-year life of the Area, it is projected to generate approximately $680,000 in
increment with $260,000 going to affordable housing throughout the community and
$420,000 going to improvements in the Area.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Y
Mic ael C. Van Milligen
MCVM:jh
Attachment
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Jill M. Connors, Economic Development Director
Dubuque Economic Development
Department
THE CITY OF � 1300 Main Street
All•America Eity Dubuque,lowa 52001-4763
�� � "h�N",`��nz�'��:�:��� Office(563)589-4393
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http://www.cityofd u bu q ue.org
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Masterpiece on the Mississippi �oi�*Zoi9
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
SUBJECT: Tax Increment Ordinance for the North Grandview Estates Housing
Urban Renewal Area
DATE: January 27, 2021
INTRODUCTION
This memorandum transmits for City Council review and approval an ordinance creating
a tax increment financing district for the North Grandview Estates Urban Renewal Area
(Area). The City Attorney's Office and/or bond counsel have reviewed the proposed
ordinance which is attached to this memo.
The proposed ordinance authorizes utilization of tax increment financing to allow both
public and private development efforts in the Area.
BACKGROUND
By Resolution 377-20 adopted December 21, 2020, City Council directed City Staff to
create a North Grandview Estates Housing Urban Renewal Plan related to housing and
residential development. Staff has prepared the Plan for the Area per the directive of the
City Council.
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 January 5, 2021.
There were no representatives from the taxing entities in attendance.
The Plan was reviewed by the Long-Range Planning Advisory Commission on January
20, 2021. 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 January 15, 2021 in accordance with
publication requirements.
The proposed Urban Renewal Plan for the Area describes the specific use of tax
increment funds, reflecting the utilization of tax rebates, the construction of public
infrastructure, and other planned expenditures.
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 Area, it is projected to generate approximately $680,000 in
increment with $260,000 going to affordable housing throughout the community and
$420,000 going to improvements in the Area. See attached financial summary. However,
the Plan allows for a much greater contribution toward infrastructure or affordable housing
in the event the Area would produce more increment than currently anticipated.
Adoption of the ordinance is needed to establish the use of tax increment financing in the
Area. The ordinance authorizes the City to establish a special fund for capturing a portion
of the property tax revenues generated as new development occurs in the Area. All
taxable property located in the Area will continue to pay property taxes based upon the
current tax levies and assessment valuations. Tax revenues collected in excess of the
base amounts will be used to assist in financing future development projects within the
Area, both public and private development, will be used to provide LMI family housing
assistance.
Adoption of the ordinance and certification of debt within the Area prior to December 1,
2021 will establish a base valuation in the Area as of January 1, 2020, being the first day
of the calendar year preceding the certification of debt in the Area.
RECOMMENDATION/ ACTION STEP
I recommend that the City Council approve the ordinance attached hereto for the North
Grandview Estates Housing Urban Renewal Area. Tax increment financing is an
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important tool for economic development and will be used to assist future public and
private development efforts in the North Grandview Estates Housing Urban Renewal
Area.
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Prepared by Jill Connors, Economic Development, 1300 Main St., Dubuque, IA 52001 (563) 589-4393
Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13t" St., Dubuque, IA 52001, (563) 589-4100
ORDINANCE NO. 2-21
AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND
COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE NORTH
GRANDVIEW ESTATES HOUSING URBAN RENEWAL AREA, IN THE CITY OF
DUBUQUE, COUNTY OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT
OF THE STATE OF IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE
COMMUNITY SCHOOL DISTRICT AND OTHER TAXING DISTRICTS, BE PAID TO A
SPECIAL FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS,
MONIES ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO
BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH SAID NORTH
GRANDVIEW ESTATES HOUSING URBAN RENEWAL AREA
WHEREAS, the City Council of the City of Dubuque, Iowa, after public notice and
hearing as prescribed by law and pursuant to Resolution No. 28-21 passed and approved
on the 1 st day of February, 2021, adopted an Urban Renewal Plan (the "Urban Renewal
Plan") for an urban renewal area known as the North Grandview Estates Housing Urban
Renewal Area (the "Urban Renewal Area"); and
WHEREAS, expenditures and indebtedness are anticipated to be incurred by the
City of Dubuque, Iowa in the future to finance urban renewal project activities carried out
in furtherance of the objectives of the Urban Renewal Plan and the future needs for
redevelopment within the Urban Renewal Area are such as to require the application of
the incremental tax resources of the Urban Renewal Area; and
WHEREAS, the City Council of the City of Dubuque, Iowa desires to provide for
the division of revenue from taxation in the Urban Renewal Area, as above described, in
accordance with the provisions of Section 403.19 of the Code of Iowa, as amended, and
the Urban Renewal Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. For purposes of this Ordinance, the following terms have the
following meanings:
(a) Urban Renewal Project Area shall include that area described as follows:
Lot 1 of North Grandview Place; and
Lot 1 of North Grandview Estates; and
Lot A and Lots 1 thru 37, inclusive, of North Grandview Estates No. 2; and
Lot A of Lot B of Sullivan's 2nd Addition; and
All that part of the Right of Way of North Grandview Avenue lying south the of the
Southerly right of way line of West 32nd Street and lying north of the easterly extension of
the south line of Lot 1 of North Grandview Place; and
All that part of the right of way of West 32nd Street lying east of the northerly extension of
the west line of Lot 37 of North Grandview Estates No. 2 and lying southwest of the
northerly extension of the east line of Lot A of Lot B of Sullivan's 2nd Addition.
All in the City of Dubuque, Iowa
(b) Urban Renewal Plan shall mean the Urban Renewal Plan for the North
Grandview Estates Housing Urban Renewal Area, approved by Resolution No. 28-
21 on February 1st, 2021, as the same may be amended from time to time.
Section 2. That the taxes levied on the taxable property in the Urban Renewal
Area, legally described in Section 1 hereof, by and for the benefit of the State of Iowa,
City of Dubuque, County of Dubuque, Dubuque Community School District, and all other
taxing districts from and after the effective date of this Ordinance shall be divided as
hereinafter in this Ordinance provided.
Section 3. That portion of the taxes which would be produced by the rate at which
the tax is levied each year by or for each of the taxing districts upon the total sum of the
assessed value of the taxable property in the Urban Renewal Area, as shown on the
assessment roll as of January 1, 2020, being January 1 of the calendar year preceding
the first calendar year in which the City of Dubuque is expected to certify to the County
Auditor the amount of loans, advances, indebtedness, or bonds payable from the division
of property tax revenue described herein, shall be allocated to and when collected be paid
into the fund for the respective taxing district as taxes by or for the taxing district into
which all other property taxes are paid. The taxes so determined shall be referred to
herein as the "base period taxes" for such Urban Renewal Area.
Section 4. That portion of the taxes each year in excess of the base period taxes
determined for the Urban Renewal Area as provided in Section 3 of this Ordinance shall
be allocated to and when collected be paid into a special tax increment fund of the City
of Dubuque, Iowa hereby established, to pay the principal of and interest on loans, monies
advanced to, indebtedness, whether funded, refunded, assumed or otherwise, including
bonds or obligations issued under the authority of Section 403.9 or 403.12 of the Code of
Iowa, as amended, incurred by the City of Dubuque, Iowa, to finance or refinance, in
whole or in part, urban renewal projects undertaken within the Urban Renewal Area
pursuant to the Urban Renewal Plan, except that (i) taxes for the regular and voter -
approved physical plant and equipment levy of a school district imposed pursuant to Iowa
Code Section 298.2 and taxes for the instructional support program of a school district
imposed pursuant to Iowa Code Section 257.19 (but in each case only to the extent
required under Iowa Code Section 403.19(2)); (ii) taxes for the payment of bonds and
2
interest of each taxing district; (iii) taxes imposed under Iowa Code Section 346.27(22)
related to joint county -city buildings; and (iv) any other exceptions described in Section
403.19 shall be collected against all taxable property within the Urban Renewal Project
Area without any limitation as hereinabove provided.
Section 5. Unless or until the total assessed valuation of the taxable property in
the Urban Renewal Project Area exceeds the total assessed value of the taxable property
in the Urban Renewal Area as shown by the assessment rolls referred to in Section 3 of
this Ordinance, all of the taxes levied and collected upon the taxable property in the Urban
Renewal Area shall be paid into the funds for the respective taxing districts as taxes by
or for said taxing districts in the same manner as all other property taxes.
Section 6. At such time as the loans, advances, indebtedness, bonds and interest
thereon of the City of Dubuque, Iowa referred to in Section 4 hereof have been paid, all
monies thereafter received from taxes upon the taxable property in the Urban Renewal
Area shall be paid into the funds for the respective taxing districts in the same manner as
taxes on all other property.
Section 7. All ordinances or parts of ordinances in conflict with the provisions of
this Ordinance are hereby repealed. The provisions of this Ordinance are intended and
shall be construed so as to fully implement the division of taxes from taxable property in
the Urban Renewal Area under the provisions of Section 403.19 of the Code of Iowa. In
the event that any provision of this Ordinance shall be determined to be contrary to law it
shall not affect other provisions or application of this Ordinance which shall at all times be
construed to fully invoke the provisions of Section 403.19 of the Code of Iowa with
reference to the Urban Renewal Area and the territory contained therein.
Section 8. This Ordinance shall be in effect after its final passage, approval and
publication as provided by law.
PASSED AND APPROVED this 1st day of February, 2021.
ATTEST:
Adrienne N. Breitfelder, City Clerk
, �!/' le IL /
Roy D. ol, Mayor
K,
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Read first time: February 1, 2021
Read second time: N/A
Read third time: N/A
PASSED AND APPROVED: February 1, 2021
PUBLISHED: February 5, 2021
U RBAN RE N EWAL P LAN
North Grandview Estates Housing Urban Renewal
Area
City of Dubuque, lowa
Version 2021.1
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
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A. INTRODUCTION
This Urban Renewal Plan for the North Grandview Estates 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 North Grandview Estates 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 North Grandview Estates Housing Urban Renewal Area is legally
established and debt is certified prior to December 1, 2021, the taxable valuation
within the Urban Renewal Area as of January 1, 2020, 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.
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E. DEVELOPMENT PLAN
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 North Grandview Estates Housing Urban Renewal Area is zoned: R-1
(Single Family Residential) and R-4 Multi-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 North Grandview Estates 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% 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%. Not less than 38.1% 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:
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1. Lots for LMI housing within or outside the urban renewal area;
2. Construction of LMI housing within or outside the urban renewal area;
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 North Grandview Estates
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
services.
4. To help finance the cost of a retaining wall to facilitate street construction
and installation of curb underdrain by the Developer, installation of fiber
conduits and vaults, as well as other public improvements in support of
new housing development, including a multipurpose trail.
5. To provide a more marketable and attractive investment climate.
6. To improve the housing conditions and housing opportunities for LMI
families.
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H. TYPE OF RENEWAL ACTIVITIES
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 retaining wall construction,
curb underdrain, fiber conduit, and vaults, and portions of trail
development from the subdivision to the Bee Branch 32nd Street
Detention Basin 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
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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
The first proposed urban renewal project involves the construction of a retaining
wall which will facilitate street construction to serve development in a subdivision
totaling 26 single family residential lots and 3 lots along 32nd Street to be
configured for multifamily residential housing being developed by Ehrlich
Properties LLC ("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.
Public Improvements Estimated Costs
Fiber conduit & vaults up to $120,000
Retaining Wall up to $50,000
Curb underdrain up to $18,000
Multipurpose Trail Construction $350,000
Total up to $538,000
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
$188,000, 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%) 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
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1) July 1, 2020, Statutory debt limit: $239,298,248 (see Attachment C)
2) Outstanding general obligation debt for purposes of debt limit: $
111,687,827 (see Attachment C)
3) With the 10-year life of the Urban Renewal Area, it is projected to
generate approximately $680,000 in increment with $260,000 going to affordable
housing throughout the community and $420,000 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.
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.
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O. URBAN RENEWAL PLAN AMENDMENTS
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 North Grandview Estates
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 North Grandview Estates 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 North Grandview Estates Housing Urban
Renewal Plan shall be limited as deemed appropriate by the City Council and
consistent with all applicable provisions of law.
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Attachment C
City of Dubuque
Summary of Bonded Indebtedness
Date Average Year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30/20 FY 2021 FY 2021 6/30/21
GeneralObligation 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°/o 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
FireAmb/BuildingHVAC/Bunkerlrrigation/ 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-Parks Projects-FY20 Future 4.00% 2040 283,000 283,000 4,859 11,320 278,141
GDTIF-DT Parking Ramp-FY20 Future 4.50% 2040 1,500,000 1,500,000 24,428 67,500 1,475,572
GDTIF Eng Dock Expansion-FY21 Future 4.00% 2041 406,000 - - - 406,000
GDTIF Parks Jackson ParkAmenities-21 Future 4.00% 2041 250,000 - - - 250,000
Date Average Year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30/20 FY 2021 FY 2021 6/30/21
GDTIF Parking E 12th and Elm-FY21 Future 4.50% 2041 589,000 589,000
GDTIF Downtown Housing Refunding 4/17/17 3.00% 2030 2,120,000 1,745,000 140,000 54,955 1,605,000
GDTIF Millwork District Refunding 4/17/17 3.00% 2030 2,080,000 1,685,000 145,000 50,550 1,540,000
GDTIF 7th StreeU2-Way Conversion 3/15/12 2.70% 2031 5,560,000 3,675,000 290,000 98,194 3,385,000
GDTIF Intermodal 3/15/12 2.54% 2031 4,380,000 2,890,000 225,000 73,312 2,665,000
GDTIF 5th St Restroom/MFC 12/10/12 2.53% 2032 1,988,538 1,412,421 102,215 35,560 1,310,206
GDTIF MCIC/ADAAssist./Econ. Dev Grants 12/10/12 1.70% 2032 1,035,000 275,000 135,000 5,780 140,000
GDTIF Washington Neighborhood 6/28/12 3.20% 2032 755,000 540,000 40,000 17,885 500,000
GDTIF Intermodal/Millwork Parking/CHI 11/17/14 3.99% 2034 5,670,000 5,570,000 75,000 203,889 5,495,000
GDTIF Transit Roof/DT Loan Pool/ADA 11/17/14 3.30% 2034 190,000 170,000 10,000 5,525 160,000
Library Improvements-Sales Tax 20% 6/20/19 3.00% 2022 39,408 35,038 4,616 1,568 30,422
Library Improvements 12/10/12 2.49% 2027 173,992 97,435 12,909 3,871 84,526
Park Improvements-Gaming 12/10/12 2.49% 2022 209,050 66,600 22,200 1,360 44,400
Park Improvements Sales Tax 20% 12/10/12 2.49% 2022 171,808 43,733 21,595 954 22,138
Park Improvements-Sales Tax 20% 6/20/19 3.00% 2027 47,290 42,047 5,539 1,881 36,507
Park Water System Study Refunding 4/17/17 3.00% 2030 60,000 48,500 4,100 1,455 44,400
Park Ham House-Sales Tax 20% 4/4/16 2.79% 2035 200,668 165,256 9,080 4,434 156,176
Park Skate Park(FY 19) 6/20/19 3.00% 2027 613,524 538,617 74,907 16,159 463,710
Parking Refinanced Portions 5th/3rd St/IA 12/10/12 1.22% 2021 5,541,573 50,000 50,000 1,100 -
Parking Port of Dubuque Parking Ramp 3/19/18 3.05% 2026 373,553 291,780 44,603 8,860 247,177
Parking Central Ave Ramp Refunding 4/17/17 3.00% 2030 6,380,000 5,035,000 485,000 151,050 4,550,000
Parking lowa Street Ramp Improvements 3/19/18 2.91% 2031 45,516 39,664 3,070 1,128 36,594
Parking Locust Ramp Security Cameras 6/20/19 3.00% 2033 126,054 116,344 9,718 3,300 106,626
Parking Improvements 11/17/14 3.30% 2034 185,000 140,000 10,000 4,487 130,000
Parking Ramp Improvements-Taxable 11/17/14 3.99% 2034 305,000 240,000 15,000 8,705 225,000
Police Software Replacement-Gaming 12/10/12 2.49% 2022 355,950 113,400 37,800 2,315 75,600
Police CAD Software-Gaming 11/17/14 3.30% 2030 260,000 185,000 15,000 5,700 170,000
Public Works Equipment Sales Tax 30% 11/17/14 3.30% 2022 305,000 90,000 45,000 2,700 45,000
Public Works Equip Refunding 4/17/17 3.00% 2030 392,000 316,900 26,700 9,507 290,200
Public Works Radio Replacement 3/19/18 2.91% 2028 110,000 88,536 10,732 2,441 77,804
PW Curb Ramp/Engineering Street Improv 11/17/14 3.30% 2034 1,250,000 975,000 55,000 31,525 920,000
Recreation Improvements-Sales Tax 20% 6/20/19 3.00% 2022 4,082 2,723 1,361 462 1,362
Recreation Improvements-Sales Tax 20°/o 12/10/12 2.49% 2027 14,924 8,633 1,061 208 7,572
Sanitary Improvements Refunding 4/17/17 3.00% 2030 660,000 535,000 45,000 16,050 490,000
Sanitary Sewer Improvements 3/19/18 2.91% 2031 1,030,009 897,595 69,463 25,528 828,132
Sanitary Forcemain Repair 12/10/12 2.49% 2032 655,239 445,659 32,521 11,565 413,138
Sanitary Sewer Improvements 6/20/19 3.00% 2033 1,124,412 1,051,586 72,887 24,750 978,699
Sanitary Sewer Improvements � 11/17/14 3.30% 2034 5,670,000 4,845,000 285,000 156,675 4,560,000
Sanitary Sewer Improvements 4/4/16 2.79% 2035 2,405,000 1,985,000 110,000 53,206 1,875,000
Solid Waste Collection Refunding 4/17/17 3.00% 2030 51,300 41,500 3,500 1,245 38,000
Solid Waste Collection 3/19/18 2.91% 2031 27,447 23,919 1,851 680 22,068
Solid Waste Tipper Carts-FY21 Future 4.00% 2041 280,000 280,000
Stormwater Refunding 4/4/16 2.91% 2028 6,270,000 3,655,000 615,000 109,650 3,040,000
Stormwater Sales Tax Revenue -GO 5/19/14 3.23% 2029 7,190,000 7,190,000 323,100 7,190,000
Stormwater Improvements Refunding 4/17/17 3.00% 2030 2,015,000 1,620,000 145,000 48,600 1,475,000
Stormwater Improvements 3/19/18 2.91% 2031 1,714,542 1,494,127 115,628 42,494 1,378,499
Stormwater Improvements 3/15/12 2.70% 2031 1,935,000 1,225,000 95,000 32,732 1,130,000
Stormwater 7th Street Storm Improvements 12/10/12 2.49% 2032 134,342 91,371 6,668 2,371 84,703
Stormwater Improvements 6/20/19 3.00% 2033 290,796 271,376 19,437 6,600 251,939
Streetlight Replacement Refunding-ST 4/17/17 3.00% 2030 4,900 4,000 300 120 3,700
Street FEMA Land Buyout-Gaming 6/20/19 3.00% 2027 64,901 57,861 7,046 2,393 50,815
Street Fiber/Sidewalk/Lights Refunding 4/17/17 3.00% 2030 258,600 209,200 17,600 6,276 191,600
StreetSouthwestArterial 3/19/18 2.91% 2031 771,557 672,369 52,033 19,122 620,336
Street Southwest Arterial-Sales Tax 30% 12/10/12 2.49% 2032 1,280,545 885,052 58,276 21,287 826,776
Transit Radio Replacement 3/19/18 2.91% 2028 95,000 76,464 9,268 2,109 67,196
Transit Midtown Transfer 6/20/19 3.00% 2039 216,125 216,125 6,484 216,125
Transit Vehicle Replacement-FY20 Future 4.00% 2040 372,420 372,420 6,394 14,896 366,026
Transit Vehcile Replacement-FY21 Future 4.15% 2041 427,000 - - - 427,000
WaterSystem Improvements 3/19/18 2.91% 2031 1,155,930 1,007,328 77,955 28,648 929,373
Date Average Year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30/20 FY 2021 FY 2021 6/30/21
Water System Improvements 12/10/12 2.49% 2032 644,151 438,119 31,971 11,369 406,148
Water System Improvements 6/20/19 3.00% 2033 1,323,107 1,240,571 87,465 29,700 1,153,106
Water System Improvements 11/17/14 3.30% 2034 9,195,000 8,250,000 485,000 266,781 7,765,000
Water System Improvements 4/4/16 2.79% 2035 635,000 525,000 30,000 14,088 495,000
Total General Obligation Bonds 123,813,394 87,271,828. 7,558,286.1 2,791,937 83,668,541
Tax Increment
Port of Dubuque Parking Ramp 10-16-07 7.5000% 2037 23,025,000 18,985,000 590,000 1,423,875 18,395,000
Total Tax Increment Bonds 23,025,000 18,985,000 590,000 1,423,875 18,395,000
40 Main(GDTIF) 08-06-09 2020 690,529 90,880 90,880 4,529 -
Total Tax Increment Notes 690,529 90,880 90,880 4,529 -
Total Tax Increment 23,715,529 19,075,880 680,880 1,428,404 18,395,000
TIF bond issue for the Port of Dubuque Parking Ramp backed by Greater powntown TIF&a minimum assessment agreement
Tax Increment
Economic Development TIF Rebate Agreements
Faley Properties(DICW) 2/7/11 Rebate 2022 904,638 210,806 105,403 - 105,403
Green Industrial Supply(DICW) 8/15/11 Rebate 2023 2,908,812 533,776 177,925 - 355,851
Tri-State Quality Metals(DICW)Non- 3/17/14 Rebate 2026 32,510 49,387 49,387 - 49,387
Roasting Solutions(DICW)Non-
Appropriation 1/14/16 Rebate 2028 33,666 40,045 40,045 - 40,045
Rite Hite(DICW)Non-Appropriation 1/14/17 Rebate 2030 24,190 24,473 24,473 - 24,473
Hormel Foods (DICW)(100%2021/40% 4/21/08 Rebate 2026 8,250,067 2,016,934 672,311 - 1,344,623
Victory Cafe 756 Main St.(GDTIF) 6/21/10 Rebate 2022 87,053 11,239 5,749 - 5,490
Bowling&Beyond Lease Buyout(GDTIF) 10/15/12 Lease 2032 1,000,000 600,000 50,000 - 550,000
Flexsteel(GDTIF) 4/18/11 Rebate 2024 2,020,572 781,743 195,436 - 586,307
The Rose(Lake Ridge) 9/26/11 Rebate 2024 136,014 68,527 17,132 - 51,395
Linseed Oil(GDTIF)Multi-Res 3/7/13 Rebate 2030 576,504 168,384 16,838 - 151,546
Rousselot(GDTIF)(Non-Appropriation) 1/22/13 Rebate 2025 4,931 10,915 10,915 - 10,915
Julien Hotel(GDTIF) 4/21/08 Rebate 2026 3,260,286 1,250,396 208,399 - 1,041,997
44 Main(GDTIF)Multi-Res 10/18/10 Rebate 2027 446,799 144,767 22,851 - 121,916
Barker Financial(GDTIF)Multi-Res 8/16/10 Rebate 2027 297,282 67,950 12,537 - 55,413
Engine House#1 (GDTIF) 6/6/11 Rebate 2027 171,166 68,927 9,847 - 59,080
253 Main St.(GDTIF)(Non-Appropriation) 4/6/15 Rebate 2027 5,798 2,997 2,997 - 2,997
Spahn and Rose (GDTIF)(Non- 4/21/14 Rebate 2027 108,221 105,313 105,313 - 105,313
Franklin Investment-Multires(GDTIF) 4/4/11 Rebate 2028 437,225 189,322 29,069 - 160,253
Plastic Center Betty Jane Block(GDTIF) 2/7/11 Rebate 2028 148,957 60,518 7,565 - 52,953
Caradco(GDTIF)Multi-Res 3/21/11 Rebate 2028 1,499,442 820,675 113,018 - 707,657
Bonson 356 Main St.(GDTIF)Multi-Res 12/19/11 Rebate 2028 152,286 48,393 7,282 - 41,111
Roshek Building(GDTIF)(Non- 2/17/09 Rebate 2030 5,149,852 266,124 266,124 - 266,124
Novelty Iron Works(GDTIF)(Non-Approp) 6/17/13 Rebate 2031 33,105 75,352 75,352 - 71,732
Smokestack(GDTIF)(Non-Approp) 6/17/18 Rebate 2022 1,623 541 541 - 541
Rockfarm Holdings(TECH)Non- 10/7/14 Rebate 2027 42,301 36,455 36,455 - 36,455
Total TIF Rebates 27,733,300 7,653,959 2,262,964 - 5,998,977
i
General Fund Leases Various Various Ongoing 194,160 155,000 155,000
lowa Finance Authority Loan-Caradco 12-01-10 3.0000% 2030 4,500,000 3,639,903 169,594 131,250 3,470,309
Total Other Lns-Rev Backed 4.500.000 3.639.903 169.594 131.250 3.470.309
Total City Indebtedness Subject to Debt Limit 179.956.383 117.796.570 10,671,724. 4,351,591 111.687.827
Revenue Bonds
Parking Bricktown Parking Lot 7/21/08 5.00% 2023 400,000 121,344 32,557 5,665 88,787
Sanitary Northfork Catfish Improvements
SRF 1/13/10 3.25% 2031 912,000 529,000 46,000 17,192 483,000
Date Average Year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30/20 FY 2021 FY 2021 6/30/21
Sanitary Water&Resource Recovery
Upgrade SRF 8/18/10 3.25% 2039 74,285,000 57,961,000 2,538,000 1,159,220 55,423,000
Sanitary WRRC Cogeneration&Sponsor
SRF 5/17/13 2.00% 2033 3,048,000 2,116,000 144,000 42,320 1,972,000
Sanitary Kerper Boulevard SRF 3/8/19 1.00% 2038 2,763,000 2,406,682 124,000 24,120 2,290,537
Sanitary Projects-FY20 Future 2.00% 2040 871,000 871,000 19,570 17,420 851,430
Sanitary Projects-FY21 Future 2.00% 2041 2,711,000 49,838 2,711,000
Stormwater Lower Bee Branch Restoration 10/27/10 3.25% 2041 7,850,000 6,224,000 211,000 202,280 6,013,000
Stormwater Lower Bee Branch SRF- 9/1/14 2.00% 2034 1,029,000 715,000 49,000 14,300 666,000
Stormwater Northfork Catfish Improv.SRF 1/13/10 3.25% 2031 800,000 463,000 40,000 15,048 423,000
Stormwater Sales Tax Increment Revenue 6/15/15 3.72% 2031 20,800,000 20,800,000 - 762,650 20,800,000
Stormwater Upper Bee Branch&Sponsor
SRF 6/17/15 2.00% 2037 30,941,000 21,890,336 1,160,000 316,131 20,978,000
Stormwater Upper Bee Branch RR SRF 6/7/19 2.00% 2040 16,382,000 7,137,910 674,000 206,560 13,708,910
Stormwater West 32nd Detention Basin 1/14/09 3.25% 2028 1,847,000 876,000 98,000 28,470 778,000
Water Planned Projects-FY21 Future 2.00% 2041 980,000 - 980,000
Water Roosevelt Water Tower SRF 8/9/19 2.00% 2040 4,400,000 3,095,251 181,000 80,508 4,219,000
Water CIWA Purchase&Improvements 7/7/17 2.00% 2036 10,198,000 7,277,300 512,000 162,260 7,825,300
Water-CIWAContractPurchase 12/28/16 3.00% 2022 5,000,000 2,000,000 1,000,000 60,000 1,000,000
Water-Clear Well Reservoirs SRF 10/18/07 3.25% 2028 915,000 435,000 48,000 8,700 387,000
Water Meter Change Out Program SRF 2/12/10 3.25% 2031 6,394,000 3,984,000 307,000 129,480 3,677,000
Water System Improvements&Ext. 11/4/O8 4.71% 2023 1,195,000 315,000 100,000 15,598 215,000
Water System Improvements&Ext. 8/16/10 3.54% 2030 5,700,000 3,850,000 240,000 144,450 3,610,000
Total Revenue Bonds 199,421,000 143,067,823 7,524,127 3,462,210 149,099,964
Total City Indebtedness 379.377,383 260.864,394 18,195,851 7,813,801 260.787,791
Statutory Debt Limit 227,661,474 $239,298,248
%of Debt Limit Used 51.74% 46.67%
Remaining Debt Capacity 109,864,903 127,610,421
Attachment D
North Grandview Estates Housing Urban Renewal
Area
Dated November 12, 2020
District Boundary Description
The District shall include the following described area:
Lot 1 of North Grandview Place; and
Lot 1 of North Grandview Estates; and
Lot A and Lots 1 thru 37, inclusive, of North Grandview Estates No. 2; and
Lot A of Lot B of Sullivan's 2nd Addition; and
All that part of the Right of Way of North Grandview Avenue lying south the of the
Southerly right of way line of West 32nd Street and lying north of the easterly
extension of the south line of Lot 1 of North Grandview Place; and
All that part of the right of way of West 32nd Street lying east of the northerly
extension of the west line of Lot 37 of North Grandview Estates No. 2 and lying
southwest of the northerly extension of the east line of Lot A of Lot B of Sullivan's
2nd Addition.
All in the City of Dubuque, lowa
1
MINUTES
CONSULTATION WITH AFFECTED TAXING BODIES for the URBAN RENEWAL
PLAN for the North Grandview Estates Renewal Area
Tuesday January 5, 2021 at 1:30 p.m.
GoToMeeting Conference Line
Line Number: (786) 535-3211
Room: 413-294-821
Meeting Commenced: 1:30 p.m.
Present: No representatives from the taxing bodies were in attendance.
Meeting Adjourned: 2:00 p.m.
.
Jill M. Connors
Economic Development Director, City of Dubuque
Dubuque Planning Services Department City
THE CTTY OF � Hall - 50 West 13t'' Street
All-Andtie�Ci� Dubuque, IA 52001-4845
DT T� � � � (563) 589_4210 phone
�J � � �� (563) 589 4221 fax (563)
zaa�•zaiz-zor3 690-6678 TDD
1Vlasterpiece on the Mississippi 2017+Z�19 alanningCc�cityofdubuaue.org
January 22, 2021
The Honorable Mayor and City Council
City of Dubuque
50 W. 13t" Street
Dubuque, lA 52001
SUBJECT: Review of the North Grandview Estates Housing Urban Renewal Area Plan
Dear Mayor and City Council Members:
Introduction
At their January 20, 2021 meeting, the Long-Range Planning Advisory Commission
reviewed the proposed plan for the North Grandview Estates Housing Urban Renewal
Area for consistency with the 2017 Imagine Dubuque Comprehensive Plan in
accordance with Section 15-2-13G of the City Code.
Discussion
Jill Connors, Economic Development Director, provided information on the proposed plan for
the North Grandview Estates Housing Urban Renewal Area Plan. She explained that North
Grandview Estates is a proposed housing development near the intersection of West 32na
Street and North Grandview Avenue. The City is proposing to create a Housing TIF District
around the area, which would allow the property tax increase to be captured for 10 years. Part
of this increment would be used for improvements in the area and part (38.1%) for
low/moderate income (LMI) housing. She explained that the Commission needs to determine if
the urban renewal plan is consistent with the City's comprehensive plan, Imagine Dubuque.
She illustrated two ways this development is aligned with the Livable Neighborhoods section of
the plan: fostering partnerships with developers to provide housing and creating new, additional
housing options throughout the city.
The Commission discussed the project and found the proposal consistent with the 2017
Imagine Dubuque Comprehensive Plan.
Recommendation
By a vote of 4-0, the Commission recommends approval of the Urban Renewal Plan for the
creation of the North Grandview Estates 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 Integrity Responsibility Innovation Teamwork
1
Adrienne Breitfelder
From:Adrienne Breitfelder
Sent:Tuesday, February 2, 2021 11:41 AM
To:kevin.dragotto@dubuquecounty.us
Cc:Jill Connors; Cynthia Kramer; mary.habel@dubuquecounty.us
Subject:City of Dubuque Urban Renewal Plan - North Grandview Estates Housing Urban
Renewal Area
Attachments:Resolution 28-21 UR Plan for North Grandview Estates Housing UR Area.pdf; Ordinance
2-21 North Grandview Estates Housing UR Area.pdf
Hi Kevin,
Attached are copies of Resolution No. 28-21 and Ordinance No. 2-21 regarding the North Grandview Estates Housing
Urban Renewal Area. The Ordinance will be recorded today.
Please contact me if you have any questions.
Thank you,
Adrienne N. Breitfelder (she/her/hers)
City Clerk, City of Dubuque
abreitfe@cityofdubuque.org
563-589-4121 (office)
563-581-6473 (cell)
STATE OF IOWA SS:
DUBUQUE COUNTY
CERTIFICATE OF PUBLICATION
I, Kathy Goetzinger, a Billing Clerk 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:
02/05/2021
and for which the charge is 117.68
Subscribed to before me, a Notary blic in and for
Dubuque County, Iowa,
this 5th day of February, 2021
Notaryblic in and for Dubuqu'b County, Iowa.
:.=,JANET=PAPE
9559
2022
Ad text : OFFICIAL
PUBLICATION
ORDINANCE NO. 2-21
AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED
AND COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE
NORTH GRANDVIEW ESTATES HOUSING URBAN RENEWAL AREA, IN THE
CITY OF DUBUQUE, COUNTY OF DUBUQUE, STATE OF IOWA, BY AND FOR
THE BENEFIT OF THE STATE OF IOWA, CITY OF DUBUQUE, COUNTY OF
DUBUQUE, DUBUQUE COMMUNITY SCHOOL DISTRICT AND OTHER TAXING
DISTRICTS, BE PAID TO A SPECIAL FUND FOR PAYMENT OF PRINCIPAL
AND INTEREST ON LOANS, MONIES ADVANCED TO AND INDEBTEDNESS,
INCLUDING BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY
IN CONNECTION WITH SAID NORTH GRANDVIEW ESTATES HOUSING URBAN
RENEWAL AREA
WHEREAS, the City Council of the City of Dubuque, Iowa,
after public notice and hearing as prescribed by law and
pursuant to Resolution No. 28-21 passed and approved on the
1st day of February, 2021, adopted an Urban Renewal Plan (the
"Urban Renewal Plan") for an urban renewal area known as the
North Grandview Estates Housing Urban Renewal Area (the "Urban
Renewal Area"); and
WHEREAS, expenditures and indebtedness are anticipated to be
incurred by the City of Dubuque, Iowa in the future to finance
urban renewal project activities carried out in furtherance of
the objectives of the Urban Renewal Plan and the future needs
for redevelopment within the Urban Renewal Area are such as to
require the application of the incremental tax resources of
the Urban Renewal Area; and
WHEREAS, the City Council of the City of Dubuque, Iowa
desires to provide for the division of revenue from taxation
in the Urban Renewal Area, as above described, in accordance
with the provisions of Section 403.19 of the Code of Iowa, as
amended, and the Urban Renewal Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA:
Section 1. "For purposes of this Ordinance, the following
terms have the following meanings:
(a)"Urban Renewal Project Area shall include that area
described as follows:
Lot 1 of North Grandview Place; and
Lot 1 of North Grandview Estates; and
Lot A and Lots 1 thru 37, inclusive, of North Grandview
Estates No. 2; and
Lot A of Lot B of Sullivans 2nd Addition; and
All that part of the Right of Way of North Grandview Avenue
lying south the of the Southerly right of way line of West
32nd Street and lying north of the easterly extension of the
south line of Lot 1 of North Grandview Place; and
All that part of the right of way of West 32nd Street lying
east of the northerly extension of the west line of Lot 37 of
North Grandview Estates No. 2 and lying southwest of the
northerly extension of the east line of Lot A of Lot B of
Sullivans 2nd Addition.
All in the City of Dubuque, Iowa
(b) "Urban Renewal Plan shall mean the Urban Renewal Plan for
the North Grandview Estates Housing Urban Renewal Area,
approved by Resolution No. 28-21 on February lst, 2021, as the
same may be amended from time to time.
Section 2. That the taxes levied on the taxable property in
the Urban Renewal Area, legally described in Section 1 hereof,
by and for the benefit of the State of Iowa, City of Dubuque,
County of Dubuque, Dubuque Community School District, and all
other taxing districts from and after the effective date of
this Ordinance shall be divided as hereinafter in this
Ordinance provided.
Section 3. That portion of the taxes which would be
produced by the rate at which the tax is levied each year by
or for each of the taxing districts upon the total sum of the
assessed value of the taxable property in the Urban Renewal
Area, as shown on the assessment roll as of January 1, 2020,
being January 1 of the calendar year preceding the first
calendar year in which the City of Dubuque is expected to
certify to the County Auditor the amount of loans, advances,
indebtedness, or bonds payable from the division of property
tax revenue described herein, shall be allocated to and when
collected be paid into the fund for the respective taxing
district as taxes by or for the taxing district into which all
other property taxes are paid. The taxes so determined shall
be referred to herein as the "base period taxes" for such
Urban Renewal Area.
Section 4. That portion of the taxes each year in excess of
the base period taxes determined for the Urban Renewal Area as
provided in Section 3 of this Ordinance shall be allocated to
and. when collected be paid into a special tax increment fund
of the City of Dubuque, Iowa hereby established, to pay the
principal of and interest on loans, monies advanced to,
indebtedness, whether funded, refunded, assumed or otherwise,
including bonds or obligations issued under the authority of
Section 403.9 or 403.12 of the Code of Iowa, as amended,
incurred by the City of Dubuque, Iowa, to finance or
refinance, in whole or in part, urban renewal projects
undertaken within the Urban Renewal Area pursuant to the Urban
Renewal Plan, except that (i) taxes for the regular and
voter -approved physical plant and equipment levy of a school
district imposed pursuant to Iowa Code Section 298.2 and taxes
for the instructional support program of a school district
imposed pursuant to Iowa Code Section 257.19 (but in each case
only to the extent required under Iowa Code Section
403.19(2)); (ii) taxes for the payment of bonds and interest
of each taxing district; (iii) taxes imposed under Iowa Code
Section 346.27(22) related to joint county -city buildings; and
(iv) any other exceptions described in Section 403.19 shall be
collected against all taxable property within the Urban
Renewal Project Area without any limitation as hereinabove
provided.
Section 5. Unless or until the total assessed valuation of
the taxable property in the Urban Renewal Project Area exceeds
the total assessed value of the taxable property in the Urban
Renewal Area as shown by the assessment rolls referred to in
Section 3 of this Ordinance, all of the taxes levied and
collected upon the taxable property in the Urban Renewal Area
shall be paid into the funds for the respective taxing
districts as taxes by or for said taxing districts in the same
manner as all other property taxes.
Section 6. At such time as the loans, advances,
indebtedness, bonds and interest thereon of the City of
Dubuque, Iowa referred to in Section 4 hereof have been paid,
all monies thereafter received from taxes upon the taxable
property in the Urban Renewal Area shall be paid into the
funds for the respective taxing districts in the same manner
as taxes on all other property.
Section 7. All ordinances or parts of ordinances in
conflict with the provisions of this Ordinance are hereby
repealed. The provisions of this Ordinance are intended and
shall be construed so as to fully implement the division of
taxes from taxable property in the Urban Renewal Area under
the provisions of Section 403.19 of the Code of Iowa. In the
event that any provision of this Ordinance shall be determined
to be contrary to law it shall not affect other provisions or
application of this Ordinance which shall at all times be
construed to fully invoke the provisions of Section 403.19 of
the Code of Iowa with reference to the Urban Renewal Area and
the territory contained therein.
Section 8. This Ordinance shall be in effect after its final
passage, approval and publication as provided by law.
PASSED AND APPROVED this 1st day of February, 2021.
/s/Roy D. Buol, Mayor
Attest: /s/Adrienne N. Breitfelder, City Clerk
Published officially in the Telegraph Herald newspaper on
the 5th day of February 2021.
/s/Adrienne N. Breitfelder, City Clerk
It 2/5
Doc ID: 010670960006 Type: GEN
Kind: ORDINANCE
Recorded: 02/02/2021 at 03:50:58 PM
Fee Amt: $32.00 Paqe 1 of 6
Dubuque County Iowa
John Murphy Recorder
File2021-00001906
RECORDER'S COVER SHEET
FOR
CITY OF DUBUQUE ORDINANCE NO. 2-21
Preparer Information:
Prepared by Jill Connors, Economic Development, 50 W. 13th St., Dubuque, IA 52001,
563-589-4393
Taxpayer Information:
N/A
Return Document To:
Adrienne N. Breitfelder, City Clerk, 50 W. 13th St., Dubuque, IA 52001
563-589-4100
Legal Description:
Lot 1 of North Grandview Place; and Lot 1 of North Grandview Estates; and Lot A and
Lots 1 thru 37, inclusive, of North Grandview Estates No. 2; and Lot A of Lot B of
Sullivan's 2nd Addition; and All that part of the Right of Way of North Grandview Avenue
lying south the of the Southerly right of way line of West 32nd Street and lying north of
the easterly extension of the south line of Lot 1 of North Grandview Place; and All that
part of the right of way of West 32nd Street lying east of the northerly extension of the
west line of Lot 37 of North Grandview Estates No. 2 and lying southwest of the
northerly extension of the east line of Lot A of Lot B of Sullivan's 2nd Addition. All in the
City of Dubuque, Iowa
Grantors:
Grantees:
City of Dubuque, Iowa
50 W. 13th Street
Dubuque, IA 52001
Attachments:
Certified Ordinance No. 2-21
3A� by
C c> F • E glom% r,
rev el�pr e �-t- Dept
Prepared by Jill Connors, Economic Development, 1300 Main St., Dubuque, IA 52001, (563) 589-4393
Retum to Adrienne N. Breitfelder, City Clerk, 50 W. 13th St., Dubuque, IA 52001, (563) 589-4100
ORDINANCE NO. 2-21
AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND
COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE NORTH
GRANDVIEW ESTATES HOUSING URBAN RENEWAL AREA, IN THE CITY OF
DUBUQUE, COUNTY OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT
OF THE STATE OF IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE
COMMUNITY SCHOOL DISTRICT AND OTHER TAXING DISTRICTS, BE PAID TO A
SPECIAL FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS,
MONIES ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO
BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH SAID NORTH
GRANDVIEW ESTATES HOUSING URBAN RENEWAL AREA
WHEREAS, the City Council of the City of Dubuque, Iowa, after public notice and
hearing as prescribed by law and pursuant to Resolution No. 28-21 passed and approved
on the 1 st day of February, 2021, adopted an Urban Renewal Plan (the "Urban Renewal
Plan") for an urban renewal area known as the North Grandview Estates Housing Urban
Renewal Area (the "Urban Renewal Area"); and
WHEREAS, expenditures and indebtedness are anticipated to be incurred by the
City of Dubuque, Iowa in the future to finance urban renewal project activities carried out
in furtherance of the objectives of the Urban Renewal Plan and the future needs for
redevelopment within the Urban Renewal Area are such as to require the application of
the incremental tax resources of the Urban Renewal Area; and
WHEREAS, the City Council of the City of Dubuque, Iowa desires to provide for
the division of revenue from taxation in the Urban Renewal Area, as above described, in
accordance with the provisions of Section 403.19 of the Code of Iowa, as amended, and
the Urban Renewal Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. For purposes of this Ordinance, the following terms have the
following meanings:
(a) Urban Renewal Project Area shall include that area described as follows:
Lot 1 of North Grandview Place; and
Lot 1 of North Grandview Estates; and
Lot A and Lots 1 thru 37, inclusive, of North Grandview Estates No. 2; and
Lot A of Lot B of Sullivan's 2"d Addition; and
All that part of the Right of Way of North Grandview Avenue lying south the of the
Southerly right of way line of West 32"d Street and lying north of the easterly extension of
the south line of Lot 1 of North Grandview Place; and
All that part of the right of way of West 32"d Street lying east of the northerly extension of
the west line of Lot 37 of North Grandview Estates No. 2 and lying southwest of the
northerly extension of the east line of Lot A of Lot B of Sullivan's 2"d Addition.
All in the City of Dubuque, Iowa
(b) Urban Renewal Plan shall mean the Urban Renewal Plan for the North
Grandview Estates Housing Urban Renewal Area, approved by Resolution No. 28-
21 on February 1st, 2021, as the same may be amended from time to time.
Section 2. That the taxes levied on the taxable property in the Urban Renewal
Area, legally described in Section 1 hereof, by and for the benefit of the State of Iowa,
City of Dubuque, County of Dubuque, Dubuque Community School District, and all other
taxing districts from and after the effective date of this Ordinance shall be divided as
hereinafter in this Ordinance provided.
Section 3. That portion of the taxes which would be produced by the rate at which
the tax is levied each year by or for each of the taxing districts upon the total sum of the
assessed value of the taxable property in the Urban Renewal Area, as shown on the
assessment roll as of January 1, 2020, being January 1 of the calendar year preceding
the first calendar year in which the City of Dubuque is expected to certify to the County
Auditor the amount of loans, advances, indebtedness, or bonds payable from the division
of property tax revenue described herein, shall be allocated to and when collected be paid
into the fund for the respective taxing district as taxes by or for the taxing district into
which all other property taxes are paid. The taxes so determined shall be referred to
herein as the "base period taxes" for such Urban Renewal Area.
Section 4. That portion of the taxes each year in excess of the base period taxes
determined for the Urban Renewal Area as provided in Section 3 of this Ordinance shall
be allocated to and when collected be paid into a special tax increment fund of the City
of Dubuque, Iowa hereby established, to pay the principal of and interest on loans, monies
advanced to, indebtedness, whether funded, refunded, assumed or otherwise, including
bonds or obligations issued under the authority of Section 403.9 or 403.12 of the Code of
Iowa, as amended, incurred by the City of Dubuque, Iowa, to finance or refinance, in
whole or in part, urban renewal projects undertaken within the Urban Renewal Area
pursuant to the Urban Renewal Plan, except that (i) taxes for the regular and voter -
approved physical plant and equipment levy of a school district imposed pursuant to Iowa
Code Section 298.2 and taxes for the instructional support program of a school district
imposed pursuant to Iowa Code Section 257.19 (but in each case only to the extent
required under Iowa Code Section 403.19(2)); (ii) taxes for the payment of bonds and
VA
interest of each taxing district; (iii) taxes imposed under Iowa Code Section 346.27(22)
related to joint county -city buildings; and (iv) any other exceptions described in Section
403.19 shall be collected against all taxable property within the Urban Renewal Project
Area without any limitation as hereinabove provided.
Section 5. Unless or until the total assessed valuation of the taxable property in
the Urban Renewal Project Area exceeds the total assessed value of the taxable property
in the Urban Renewal Area as shown by the assessment rolls referred to in Section 3 of
this Ordinance, all of the taxes levied and collected upon the taxable property in the Urban
Renewal Area shall be paid into the funds for the respective taxing districts as taxes by
or for said taxing districts in the same manner as all other property taxes.
Section 6. At such time as the loans, advances, indebtedness, bonds and interest
thereon of the City of Dubuque, Iowa referred to in Section 4 hereof have been paid, all
monies thereafter received from taxes upon the- taxable property in the Urban Renewal
Area shall be paid into the funds for the respective taxing districts in the same manner as
taxes on all other property.
Section 7. All ordinances or parts of ordinances in conflict with the provisions of
this Ordinance are hereby repealed. The provisions of this Ordinance are intended and
shall be construed so as to fully implement the division of taxes from taxable property in
the Urban Renewal Area under the provisions of Section 403.19 of the Code of Iowa. In
the event that any provision of this Ordinance shall be determined to be contrary to law it
shall not affect other provisions or application of this Ordinance which shall at all times be
construed to fully invoke the provisions of Section 403.19 of the Code of Iowa with
reference to the Urban Renewal Area and the territory contained therein.
Section 8. This Ordinance shall be in effect after its final passage, approval and
publication as provided by law.
PASSED AND APPROVED this 1 st day of February, 2021.
ATTEST:
_ / AaAX&
Adrienne N. Brreitfelder, City Clerk
�!/'! /-C /
Roy D. rol, Mayor
3
Read first time: February 1, 2021
Read second time: N/A
Read third time: N/A
PASSED AND APPROVED: February 1, 2021
PUBLISHED: February 5, 2021
CERTIFICATE of the CITY CLERK
STATE OF IOWA
SS:
COUNTY OF DUBUQUE )
I, Adrienne N. Breitfelder, City Clerk, do hereby certify that I am the duly appointed,
qualified, City Clerk of the City of Dubuque, Iowa, in the County aforesaid, and as such
City Clerk, I have in my possession or have access to the records of the proceedings of
the City Council. I do further state that the hereto attached Ordinance No. 2-21 is a
true and correct copy of the original.
In Testimony Whereof, I hereunto set my hand and official seal of the City of Dubuque,
Iowa.
Dated at Dubuque, Iowa, on this 2"d day of February, 2021.
Adrienne N. Breitfelder, City Clerk