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Five Flags Civic Center Commission Correspondence to City CouncilCopyrighted August 16, 2021 City of Dubuque Consent Items # 7. City Council Meeting ITEM TITLE: Five Flags Civic Center Commission Correspondence to City Council SUMMARY: Correspondence from the Five Flags Civic Center Commission (FFCCC) regarding the Five Flags reconstruction project. SUGGESTED Suggested Disposition: Receive and File DISPOSITION: ATTACHMENTS: Description Type Commission Correspondence to Council Supporting Documentation THE CITY OF Dubuque DUB E All•America City NK Masterpiece on the Mississippi rP Pp zao�=o 13 Zoi7*20�zoi9 August 4, 2021 Dear Mayor Roy D. Buol and Members of the Dubuque City Council, This letter is written on behalf of the Five Flags Civic Center Commission (FFCCC) to express our continued support for the Five Flags reconstruction project. As a Commission, we unanimously voted to write a letter to encourage the city council to keep this project on the priority list and expeditiously address the necessary action items. The council voted to table discussion until at least January 2022, so we are asking to have this topic brought back into discussions as soon as January arrives. Recall that our last letter to the Council recommended setting a special election to vote on a bond for the total remaining cost set for September 2020. The critical reason for that original request was the deteriorating conditions of the Five Flags center as well as a projected 34% annual increase in costs to make the improvements. For these same reasons, we are asking this project is treated with priority. Because we feel that the council should have the most up-to-date information regarding any impact to the taxpayers, users and clients post pandemic we request that the city fund and complete before the end of 2021 an updated analysis of the proposed project including but not limited to: updated economic impact numbers of a new facility, detailed subsidy comparisons of the existing facility vs a new facility for a 15 year period, hotel motel tax implications and revised property tax. Any construction costs analysis should be reflective of a achievable construction schedule for a future date and not current construction costs. As we proceed through what is hopefully the tail end of the pandemic, we can reflect on the last year and a half. When we were all isolated from our friends and family we turned to artists and performers to help us cope. Whether it was streaming content on platforms like Netflix or connecting to performers live streams from their homes, we all gained a greater appreciation for the arts and how important they are to our society. During the pandemic, Five Flags was able to maintain a safe active schedule and has proven again that Dubuque is ready to move forward with a new state of the art arena to allow us to enjoy the sense of community and live entertainment that we have been able to enjoy and share with many who visit our community. Thank you all for your time. The FFCCC remains at your disposal for any questions or information. With Best Regards, The Five Flags Civic Center Commission Nicholas Huff — Chairperson Tyler Daugherty — Vice Chairperson Rod Bakke McKenzie Blau Bryce Parks 2