First Amendment to Grant Agreement Between the City of Dubuque and K&L Leasing, LLCCity of Dubuque
City Council Meeting
Consent Items # 8.
Copyrighted
July 19, 2021
ITEM TITLE: First Amendment to Grant Agreement Between the Cityof Dubuque and
K&L Leasing, LLC. for the Rehabilitation of 701 Bluff Street
SUMMARY: City Manager recommending approval of a First Amendment to Grant
Agreement between the City of Dubuque and K&L Leasing, LLC. for
rehabilitation of 701 Bluff Street, which extends the completion date to
December 31, 2021.
RESOLUTION Approving the First Amendment to Grant Agreement
between the City of Dubuque, Iowa and K&L Leasing, LLC
SUGGESTED Suggested Disposition: Receive and File; Adopt Resolution(s)
DISPOSITION:
ATTACHMENTS:
Description Type
K&L Leasing 1st Amendment to Grant Agreement-MVM City Manager Memo
Memo
Staff Memo
Resolution
First Amendment
Staff Memo
Resolutions
Supporting Documentation
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: First Amendment to Grant Agreement Between the City of Dubuque and
K&L Leasing, LLC. for the Rehabilitation of 701 Bluff Street
DATE: July 13, 2021
Economic Development Director Jill Connors recommends City Council approval of a
First Amendment to Grant Agreement between the City of Dubuque and K&L Leasing,
LLC. for rehabilitation of 701 Bluff Street, which extends the completion date to
December 31, 2021.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
v
Mic ael C. Van Milligen
MCVM:jh
Attachment
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Jill M. Connors, Economic Development Director
THE CITY OF
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TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
Economic Development
Department
1300 Main Street
Dubuque, Iowa 52001-4763
Office (563) 589-4393
TTY (563) 690-6678
http://www.cityofdubuque.org
SUBJECT: First Amendment to Grant Agreement Between the City of Dubuque and
K&L Leasing, LLC. for the Rehabilitation of 701 Bluff Street
DATE: July 12, 2021
INTRODUCTION
This memorandum presents for City Council consideration and action the attached
resolution approving a First Amendment to Grant Agreement between the City of
Dubuque and K&L Leasing, LLC. for its rehabilitation of 701 Bluff Street.
BACKGROUND
The Downtown Rehabilitation Loan Program (DRLP) provides several incentives from the
Economic Development department for the rehabilitation of historic buildings in our
greater downtown.
This program has had a positive impact in the appearance and livability of our downtown,
which leads to a more attractive business and residential environment. As such, the
Economic Development Department finds these programs to be great tools for attracting
and retaining a quality workforce for our businesses.
On October 19, 2020 the Dubuque City Council awarded to K&L Leasing, LLC. a grant in
the amount of $19,000 for the rehabilitation of 701 Bluff Street. The original agreement
required the minimum improvements to the property be completed by April 30, 2021.
DISCUSSION
The rehabilitation of 701 Bluff Street is progressing. However, increased material costs
and supply and labor shortages due to the ongoing pandemic have pushed the project
behind schedule. K&L Leasing, LLC. has requested an amended completion date of
December 31, 2021. This will allow time for the project to be completed and properly
inspected.
RECOMMENDATION / ACTION STEP
I respectfully request City Council approval of the attached resolution approving the First
Amendment to Grant Agreement between the City of Dubuque and K&L Leasing, LLC.
2
Prepared by: Jill Connors, Economic Development, 50 W. 131h Street, Dubuque IA 52001, 563 589-4393
Return to: Jill Connors, Economic development, 50 W. 131h Street, Dubuque IA 52001, 563 589-4393
RESOLUTION NO. 240-21
APPROVING THE FIRST AMENDMENT TO GRANT AGREEMENT BETWEEN THE
CITY OF DUBUQUE, IOWA AND K&L LEASING, LLC.
WHEREAS, the City of Dubuque (City) and K&L Leasing, LLC. (Grant Recipient)
entered into a Grant Agreement dated October 19, 2020 for the redevelopment of 701
Bluff Street in the City of Dubuque, Iowa (the Project); and
WHEREAS, City and Grant Recipient desire to amend the Grant Agreement as
set forth in the attached First Amendment to Grant Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1, That the First Amendment to Grant Agreement between the City of
Dubuque, Iowa and K&L Leasing, LLC., a copy of which is attached hereto, is hereby
approved.
Section 2. That the Mayor is hereby authorized and directed to execute the First
Amendment to Grant Agreement on behalf of the City of Dubuque and the City Clerk is
authorized and directed to attest to his signature.
Section 3. That the City Manager is authorized to take such actions as are
necessary to comply with the terms of the First Amendment to Grant Agreement as herein
approved.
Passed, approved and adopted this 19t' day of July, 2021.
2*?S
Roy V. Buol, Mayor
Attest:
Trish L. Gleason, Assistant City Clerk
FIRST AMENDMENT
TO
GRANT AGREEMENT
BETWEEN
THE CITY OF DUBUQUE, IOWA
AND
K&L LEASING, LLC.
This First Amendment to Grant Agreement, dated for reference purposes the 20th
day of JULY , 2021, is made and entered into by the City of Dubuque, Iowa,
a municipality (City), established pursuant to the Iowa Code and acting under
authorization of Iowa Code Chapter 403, as amended (the Urban Renewal Act), and K&L
Leasing, LLC. (Grant Recipient).
WHEREAS, City and Grant Recipient entered into a Grant Agreement dated
October 19, 2020 (the Grant Agreement), and
WHEREAS, City and Grant Recipient desire to amend the Grant Agreement as set
forth herein.
NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL TERMS AND
COVENANTS CONTAINED HEREIN, CITY AND GRANT RECIPIENT AGREE AS
FOLLOWS:
Section 1. Section 1.2 of the Grant Agreement is hereby amended to read as
follows:
1.2 Completion of Minimum Improvements. Grant Recipient shall
complete construction of the Minimum Improvements by December 31, 2021.
City shall determine in its sole discretion (following an inspection by City's
Inspection and Construction Services Department and/or Housing &
Community Development Department, and/or Planning Department) when
the Minimum Improvements have been completed. In order to be considered
completed, the Minimum Improvements must be constructed in accordance
with the terms of this Agreement, in compliance with the regulations of the
Downtown Rehabilitation Grant Program, and in substantial conformity with
Grant Recipient's application to that Program and the Design Letter attached
hereto.
Section 2. Except as modified herein, the Grant Agreement shall remain in full
force and effect.
CITY OF DUBUQUE, IOWA K&L LEASING, LLC,
06292021bal
J
I. By: By:
Roy D uoi, Mayor
Ken Lin, Manager