Amended and Restated Urban Renewal Plan for Industrial Center Economic Devel District, Version 2021.4_HearingCity of Dubuque
City Council Meeting
Public Hearings # 2.
Copyrighted
September 20, 2021
ITEM TITLE: Resolution of Adoption for the Amended and Restated Urban Renewal
Plan for the Dubuque Industrial Center Economic Development District
Urban Renewal Plan, Version 2021.4
SUMMARY: Proof of publication on notice of public hearing to consider City Council
approval of an Amended and Restated Urban Renewal Plan for the
Dubuque Industrial Center Economic Development District, Version
2021.4, and City Manager recommending approval.
RESOLUTION Approving the Amended and Restated Urban Renewal
Plan, Version 2021.4, for the Dubuque Industrial Center Economic
Development District
SUGGESTED Suggested Disposition: Receive and File; Adopt Resolution(s)
DISPOSITION:
ATTACHMENTS:
Description Type
Amended and Restated urban Renewal Plan, Version City Manager Memo
2021.4-MVM Memo
Staff Memo Staff Memo
Resolution Resolutions
Amended and Restated Urban Renewal Plan, Version Supporting Documentation
2021.4
Consultation Minutes Supporting Documentation
THE CITY OF
Dubuque
DUB TEE
All -America City
Masterpiece on the Mississippi
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Resolution of Adoption for the Amended and Restated Urban Renewal
Plan for the Dubuque Industrial Center Economic Development District
Urban Renewal Plan, Version 2021.4
DATE: September 13, 2021
Economic Development Director Jill Connors recommends City Council approval of an
Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center
Economic Development District, Version 2021.4.
The proposed Amended and Restated Urban Renewal Plan for the District would
authorize the removal of a parcel from Subarea C of the District that has remained
undeveloped, in order to allow for future development on the parcel.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Mic ael C. Van Milligen
MCVM:jh
Attachment
CC' Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Jill M. Connors, Economic Development Director
THE CITY OF
E
Masterpiece on the Mississippi
Dubuque
Economic Development
Department
1300 Main Street
All-AmericaCiity
Dubuque, Iowa 52001-4763
fvtll["JVtL
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Office (563) 589-4393
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TTY (563) 690-6678
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http://www.cityofdubuque.org
2007-2012.2013
2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
SUBJECT: Resolution of Adoption for the Amended and Restated Urban Renewal
Plan for the Dubuque Industrial Center Economic Development District
Urban Renewal Plan, Version 2021.4
DATE: September 10, 2021
INTRODUCTION
This memorandum presents for City Council consideration a Resolution of Adoption for
the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center
Economic Development District ("District").
The proposed Amended and Restated Urban Renewal Plan ("Urban Renewal Plan") for
the District would authorize the removal of a parcel from Subarea C of the District that
has remained undeveloped, in order to allow for future development on the parcel.
BACKGROUND
The original Dubuque Industrial Center Economic Development District was created on
May 2, 1988. The District is an urban renewal area which allows the City of Dubuque to
capture tax increment revenue from improvements made in the District in order to
promote economic development activities. The original area included the Dubuque
Industrial Center (known as Subarea A) and has been expanded several times over the
years to include Dubuque Industrial Center West, the County Farm, the Bergfeld Farm,
the North Siegert Farm, the Rail Site, the South Siegert Farm, the Graf Farm, McFadden
Farms, small adjacent parcels, and several County -owned parcels (known as Subareas
B, C, D, E, F, G, H, I, J, K, L, M, and N).
On September 10, 2021, the notice of public hearing was published to allow for the
appropriate publication requirements for the proposed Amended and Restated Urban
Renewal Plan, Version 2021.4.
DISCUSSION
Staff recommends amending and restating the current Urban Renewal Plan to authorize
the removal of a parcel from Subarea C. Due to legislation in 1995, the collection of tax
increment in urban renewal areas designated for economic development purposes is
limited to 20 years. This means the Subarea C of the District in which this parcel is located
has its "TIF sunset" in June 2029. If the parcel were to remain in Subarea C, the City
would be unable to provide full future economic development incentives.
A consultation process was conducted with the affected taxing entities as required by
Chapter 403.5 of the Iowa Code. Prior to the meeting, the affected taxing bodies were
mailed copies of the Amended and Restated Urban Renewal Plan and the Notice of Public
Hearing. The required consultation to discuss, question, or object to the findings in these
documents was held Thursday, August 26, 2021. No written objections or recommended
changes to the Amended and Restated Plan were received.
The City of Dubuque has had tremendous success with its economic development
approach, receiving multiple national recognitions for job creation. This is in no small part
due to the City's decision in the mid 1990's to acquire and develop over 900 acres of
property to provide a 20-year supply of industrial park land. This proposed modification
of the District would further the City's goals for economic development.
RECOMMENDATION / ACTION STEP
I recommend the City Council adopt the attached Resolution approving an Amended and
Restated Urban Renewal Plan for Dubuque Industrial Center Economic Development
District, Version 2021.4.
2
Adrienne Breitfelder
From:
Sent:
To:
Cc:
Subject:
Attachments:
Kevin,
Adrienne Breitfelder
Wednesday, September 22, 2021 8:52 AM
Kevin Dragotto
Jill Connors; Ian Hatch
Resolutions for Urban Renewal Plan - Dubuque Industrial Center Economic
Development District
Resolution No. 323-21.pdf, Resolution No. 324-21.pdf
Attached for your electronic files are certified copies of resolutions approving the Amended and Restated Urban
Renewal Plan for the Dubuque Industrial Center Economic Development District.
Thank you,
THE CITY OF Adrienne Breitfelder (she/her/hers)
City Clerk
0: 563.589.4121 1 C: 563.581.6473
City Hall 150 W. 13' Street, Dubuque, IA, 52001
Masterpiece on the Mississippi OO r, (DOC>
Prepared by Jill M. Connors, Economic Development 1300 Main St Dubuque IA 52001 (563) 589-4393
Return to Adrienne N. Breitfelder, City Clerk 50 W. 1311 St Dubuque IA 52001 (563) 589-4121
RESOLUTION NO. 323-21
APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN, VERSION
2021.4, FOR THE DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT
DISTRICT.
Whereas, by Resolution 286-21 on August 16, 2021 the City Council of the City of
Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal
Plan (the "Amended and Restated Urban Renewal Plan" or "Plan") for the Dubuque
Industrial Center Economic Development District (the "District"); and
Whereas, the Amended and Restated Urban Renewal Plan for the District, Version
2021.4, is on file in the City Clerk's Office; and
Whereas, the City Council's primary objective for the Amended and Restated
Urban Renewal Plan for the District is to provide opportunities which will further economic
development purposes and objectives as described in the Plan; 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 Plan have been received; and
Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa,
has held a public hearing on the Amended and Restated Urban Renewal Plan after public
notice thereof.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the Amended and Restated Urban Renewal Plan for the Dubuque
Industrial Center Economic Development District, Version 2021.4, is hereby approved.
Section 2. That a feasible method exists for the location of any families who will be
displaced from the District, as amended, into decent, safe and sanitary dwelling
accommodations within their means and without undue hardship to such families; and
that the Amended and Restated Plan conforms to the general plan of the City as a whole.
With respect to any real property in the District acquired by the City in connection with the
land and projects included in the Plan, non-residential use is expected and with reference
to those portions thereof which are to be developed for non-residential uses, such non-
residential uses are necessary and appropriate to facilitate the proper growth and
development of the City in accordance with sound planning standards and local
community objectives.
Section 3. That the District, as amended, continues to be an area for economic
development (commercial and industrial) within the meaning of Iowa Code Chapter 403;
that such area is eligible for designation as an urban renewal area and otherwise meets
all requisites under the provisions of Iowa Code Chapter 403; and that the rehabilitation,
conservation, redevelopment, development, or a combination thereof, of such area is
necessary in the interest of the public health, safety or welfare of the residents of this City.
Section 4. That, notwithstanding any resolution, ordinance, plan, amendment or
any other document, the Amended and Restated Plan shall be in full force and effect from
the date of this Resolution until the Council amends or repeals the Plan.
Section 5. 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
Recorder.
PASSED, APPROVED and ADOPTED this 20th day of September, 2021.
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Danny C. SUr6nk, Mayor Pro Tern
ATTEST:
A&i,n W-
Adrienne N. Breitfelder, City Clerk
Prepared by: Jill Connors, City of Dubuque, 1300 Main Street, Dubuque, IA 52001 (563) 589-4393
Return to: Adrienne N. Breitfelder, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4121
AMENDED and RESTATED
URBAN RENEWAL PLAN
Dubuque Industrial Center Economic Development District
City of Dubuque, Iowa
This Amended and Restated Urban Renewal Plan provides
for the continued development of the Dubuque Industrial
Center Economic Development District, originally established
by Resolution 130-88 of the City Council of the City of
Dubuque, Iowa on May 2, 1988 and thereafter amended and
restated by Resolution 484-90 on December 17, 1990,
Resolution 142-97 on April 7, 1997, Resolution 478-97 on
November 17, 1997, Resolution 15-08 on January 7, 2008,
Resolution 101-08 on March 17, 2008, Resolution 109-08 on
April 7, 2008, Resolution 87-11 on March 7, 2011, Resolution
171-13 on June 3, 2013, Resolution 197-15 on June 1, 2015,
Resolution 309-15 on September 8, 2015, Resolution 332-16
on September 19, 2016, Resolution 157-18 on May 21, 2018,
Resolution 158-18 on May 21, 2018, Resolution 380-18 on
December 17, 2018, Resolution 387-19 on November 4,
2019, Resolution 125-21 on April 19, 2021, Resolution 125-
21 on April 19, 2021, and Resolution -21 on , 2021.
Prepared by the Economic Development Department.
Version 2021.4
A.
B.
C.
D.
E.
F.
G.
H.
I.
J.
K.
L.
TABLE OF CONTENTS
INTRODUCTION.................................................................................................. 3
OBJECTIVES.......................................................................................................
3
DISTRICT BOUNDARIES....................................................................................4
PUBLIC PURPOSE ACTIVITIES.........................................................................5
DEVELOPMENT & REDEVELOPMENT REQUIREMENTS................................7
LAND ACQUISITION AND DISPOSITION..........................................................
8
FINANCING ACTIVITIES.....................................................................................9
STATE AND LOCAL REQUIREMENTS............................................................11
DURATION OF APPROVED URBAN RENEWAL PLAN..................................11
SEVERABILITY.................................................................................................12
AMENDMENT OF APPROVED URBAN RENEWAL PLAN..............................12
ATTACHMENTS................................................................................................12
K
AMENDED and RESTATED
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT
URBAN RENEWAL PLAN
City of Dubuque, Iowa
A. INTRODUCTION
This AMENDED and RESTATED URBAN RENEWAL PLAN (the "Plan") has been
prepared to provide for the further development and redevelopment of the DUBUQUE
INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT (the "District") first
established by the City of Dubuque on May 2, 1988. Its intent is to stimulate economic
development activities within the expanded District through the commitment of public
actions as specified herein.
To achieve this objective, the City of Dubuque 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.
This Plan shall serve as a new urban renewal plan for the District described herein. The
Plan shall be viewed as a single plan for purposes of fulfilling the objectives of this Plan.
The separate subareas of this Plan (the "Subarea(s)") will be maintained and observed
for those purposes which are aided by or in need of the division, but the combined area
comprising the District shall be treated together for planning and redevelopment
purposes. No new land is added to the District by this Plan.
The division of taxation authorized by Section 403.19 and the separation of incremental
taxes as defined in Section 403.19(2) have been implemented in the existing area of the
District (the different areas of the District are hereinafter referred to as Subareas). Under
the terms of this Plan, the tax increment mechanism shall continue in the existing
Subareas and shall be implemented within a new Subarea being added to the District.
Incremental taxes shall continue to be determined separately with respect to each of the
Subareas comprising the District, and when collected shall be applied, subject to such
liens and priorities as may exist or be from time to time provided, with respect to the
Amended and Restated Dubuque Industrial Center Economic Development District, as
so amended.
B. OBJECTIVES
The primary objectives of the Plan are the development and redevelopment of the District
for economic development activities, primarily industrial park development, through:
1. Provision of marketable industrial development sites for the purpose of job-
9
creating economic development activities;
2. Provision of public infrastructure improvements, including sanitary sewer,
water and stormwater detention, supportive of full development of the
District;
3. Provision of a safe, efficient and attractive circulation system;
4. Establishment of design standards which will assure cohesive and
compatible development and redevelopment of the District;
5. Provision of public amenities that provide an aesthetically appealing
environment, including open space, buffering, landscaping, water features,
signage and lighting to create a distinctive and attractive setting;
6. Creation of financial incentives necessary to encourage new and existing
businesses to invest in the District; and
7. Expansion of the property tax base of the District.
C. DISTRICT BOUNDARIES
The District is located entirely within the County of Dubuque, State of Iowa. Most of the
District, including all of Subareas A, B, C, D, E, G, H, K, L, M, and N, currently are within
the corporate limits of the City of Dubuque. In accordance with Iowa Code Section
403.17(4), Dubuque County consented to the inclusion of Subarea F in the District in a
Joint Agreement between the City and County, dated April 20, 2015. The City expects
that Subarea F ultimately will become part of the City of Dubuque. In accordance with
Iowa Code Section 403.17(4), Dubuque County consented to the inclusion of Subareas I
and J in the District in a Joint Agreement between the City and County, dated August 8,
2016.
The City of Dubuque believes that the objectives of the Plan can best be accomplished
by defining the real property included within the District as fourteen separate areas so as
to distinguish the original District (Subarea A) from the subsequent expansion areas
(Subareas B, C, D, E, F, G, H, I, J, K, L, M, and N).
This Plan removes an undeveloped portion of Subarea C from the District, in order to
establish a new Subarea for that undeveloped property to accommodate future
development.
The descriptions of the boundaries of each Subarea are attached to this Plan as
ATTACHMENT D, District Boundary Description by Subarea.
The boundaries of the District are delineated on the Subarea Map, attached to this Plan
as ATTACHMENT A.
51
The City of Dubuque reserves the right to further modify the boundaries of the District at
some future date. Any amendments to the Plan will be completed in accordance with
Chapter 403 of the Iowa Code, Urban Renewal Law.
D. PUBLIC PURPOSE ACTIVITIES
To meet the OBJECTIVES of this Plan, the City of Dubuque has and expects to continue
to initiate and support development and redevelopment of the District through, among
other things, the following PUBLIC PURPOSE ACTIVITIES:
1. Acquisition of property for public improvements and private development;
a.) These activities include, but are not limited to, previously
approved consultant work that will examine and identify future
areas for acquisition and industrial park development.
b.) These activities also include the acquisition of property that is
included in the previously approved Subareas of this Plan.
2. Demolition and removal of buildings and improvements not compatible with
or necessary for industrial park development and all site preparation and
grading required in connection with such development;
a.) These activities include, but are not limited to, the previously
approved site work and grading associated with the development
of the Dubuque Industrial Center, the Dubuque Industrial Center
West and Dubuque Industrial Center South.
3. Improvement, installation, construction and reconstruction of streets,
utilities and other improvements and rights -of -ways including but not limited
to the relocation of overhead utility lines, street lights, construction of
railroad spur tracks, appropriate landscaping and buffers, parks and open
space and signage;
a.) These activities include, but are not limited to, future and
previously approved development of road, water, wastewater,
and storm water infrastructure associated with the development
of the Dubuque Industrial Center, the Dubuque Industrial Center
West and the Dubuque Industrial Center South.
b.) These activities include, but are not limited to, the previously
approved development of the Bergfeld recreational area, pond,
and walking trail, as well as additional signage and trail
improvements.
c.) These activities also include the construction and installation of
5
supporting infrastructure within the District.
4. Disposition of any property acquired in the District, including sale, initial
leasing or retention by the City itself, at its fair value;
5. Preparation of property for development and redevelopment purposes
including but not limited to activities such as appraisals and architectural
and engineering studies;
a.) These activities include, but are not limited to, the previously
approved site work and grading associated with the development
of the Dubuque Industrial Center, the Dubuque Industrial Center
West and Dubuque Industrial Center South.
6. Maintenance of publicly utilized recreational and economic development
areas;
a.) These activities include, but are not limited to, general
landscaping and maintenance expenses in public right-of-way
and undeveloped land owned by the City of Dubuque.
7. Use of tax increment financing, loans, grants and other appropriate financial
tools in support of eligible public and private development and
redevelopment efforts;
• These activities include, but are not limited to, property tax
rebate agreements with:
• Simmons Pet Food, Inc. for the development of an
industrial facility to incentivize this $80 million project.
• These activities also include, but are not limited to, previously
approved property tax rebate agreements with:
• Leo A. Theisen and Theisen Supply, Inc.;
• A.Y. McDonald Mfg. Co.;
• Green Industrial Supply;
• Walter Development, LLC and TM, Inc.;
• Spiegel Family Realty Company;
• Progressive Processing, LLC/Hormel;
• ITC Midwest LLC;
• Medline Industries, Inc. (November 2007);
• Art's-Way Vessels, Inc.;
• Kendall/Hunt Publishing Company, Westmark
Enterprises, Inc. and Great River Technologies, LLC.;
• P&L Venture, LLC, and National Dentex;
• Dubuque Screw Products, Inc.;
1.1
• Giese Properties, LLC and Giese Manufacturing
Company, Inc. (Phase I and II);
• Faley Properties, L.L.C. and Faley Enterprises, Inc.;
• Malay Holdings, LLC, and Vanguard Countertops, Inc.;
• Tri-State Industries;
• TriState Quality Metals, LLC;
• Roasting Solutions, LLC;
• Flexsteel Industries, Inc.; and
• Medline, Industries, Inc. (May 2018)
• Walter Development, LLC
• Walter Development, LLC, BAS Development, LLC, and
Unison Solutions, Inc.
• These activities include, but are not limited to, previously
approved agreements to sell bonds, leveraging tax increment
financing on capital improvement for;
• American Tank and Fabrication, Co. (formerly Vessel
Systems, Inc.) for the development of a 31,000 square feet
industrial manufacturing facility at 8025 Chavenelle Road.
• The Adams Company for the development of a 50,000
square foot industrial facility at 8040 Chavenelle Road.
• These activities may also include future tax abatement
agreements pursuant to the Iowa Hiqh Quality Jobs Program
with:
• A national company that may establish a new food
production facility in the District. This agreement is
expected to include incentives in addition to tax
abatement, such as the provision of grants funded through
tax increment financing and the City's construction and
installation of a new street and infrastructure.
• The City expects to consider requests for additional
development agreements for projects that are consistent with
this Plan, as amended, in the City's sole 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 of
incentives as authorized by this Plan, as amended, including,
but not limited to, land, loans, grants, tax rebates, public
infrastructure assistance, and other incentives.
8. Enforcement of applicable local, state and federal laws, codes and
regulations;
9. Enforcement of established design standards in furtherance of quality
7
development;
10. Development and implementation of a marketing program for the purpose
of promoting the purchase and development of industrial sites by private
developers;
11. Coordination and cooperation with the improvement of Seippel Road as it
affects accessibility to U.S. Highway 20 from Subareas B, C, E, F, I, J.
12. Contracts with vendors to promote business retention, expansion,
recruitment, and workforce development;
a.) These activities include, but are not limited to, a contract for
service with the Greater Dubuque Development Corporation to
promote business retention and expansion, workforce
development, new business recruitment and commercial and
industrial expansion in the District.
b.) These activities include, but are not limited to, related legal
expenses.
13. Construction by the County of one or more County -owned buildings in
Subareas I and/or J.
a.) These activities include the support of the County's investment of
Dubuque County funds into the construction of a new office building
and a new maintenance and storage shop on certain County -owned
real property situated at 13047 City View Drive for use by the
County's Secondary Roads, Health, Zoning and County Assessor
Departments. The County funding for this project may come from
borrowed funds through the issuance of general obligation
indebtedness or such other sources as the County may identify in
the future. It is not anticipated that the City or TIF funds from the
District will finance this project in any way.
Public purpose activities are limited to those areas delineated on the URBAN RENEWAL
DISTRICT map (Attachment A).
All public purpose activities shall be conditioned upon and shall meet the restrictions and
limitations placed upon the District by the Plan.
E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS
The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall apply to
any and all District properties the development and/or the redevelopment of which is
assisted by the City through any of the PUBLIC PURPOSE ACTIVITIES listed above.
rn
1. Land Use
Subareas A, B, C, D, E, F, G, H, I, J, K, L, M, and N shall continue to be developed
under the regulations of the existing Dubuque Industrial Center Planned Industrial
District. The allowed uses provide for a mix of commercial and industrial land use
activities within a quality industrial park setting.
LAND USE maps (Attachments B-1 and B-2) identify the existing and the
proposed land uses within Subareas A, B, C, D, E, F, G, H, I, J, K, L, M,
and N.
2. Planning and Design Criteria
The planning criteria to be used to guide the physical development of Subareas A,
B, C, D, E, F, G, H, K, L, M, and N are those standards and guidelines contained
within the City of Dubuque's Unified Development Code and other applicable local,
state and federal codes and ordinances.
a. Subarea A development will continue to be additionally governed by the
Conditions of Development and Operation Documents of the Dubuque
Industrial Center Planned Industrial District as amended from time to time.
b. Subareas B, C, D, E, F, and K will develop under a PI Planned Industrial
District ordinance as required by Section 16-5-24 of the City of Dubuque's
Unified Development Code. Development will follow the Planned Unit
Development regulations which require a conceptual development plan and
specific design and performance standards to be approved by ordinance.
C. Subareas G, H, L, M, and N are intended to develop as an Industrial area
similar to Subareas B, C, D, E, and F.
d. Subareas I and J are located in Dubuque County outside of City of Dubuque
corporate limits and therefore are not subject to City Development Codes.
F. LAND ACQUISITION AND DISPOSITION
The City of Dubuque is prepared to acquire and dispose of property in support of the
development and redevelopment of the District within the parameters set forth below.
1. Land Acquisition
The City has acquired substantially all of the land located within the District, except
Subareas I and J, and has made the same available for private development in
accordance with this Plan. The City is in the process of acquiring the land located
in Subareas L and M of the District and will make the same available for public
9
development in accordance with this Plan.
2. Land Disposition
All City owned land that is available for development within the District, will be sold
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 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 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.
3. Relocation Requirements
No relocation is anticipated at this time; however, if any relocation is necessary as
part of the eligible urban renewal projects, the City will follow all applicable
relocation requirements.
G. FINANCING ACTIVITIES
To meet the OBJECTIVES of this Plan and to encourage the development of the District
and private investment therein, the City of Dubuque is prepared to provide financial
assistance to qualified industries and businesses 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.
Chapter 15A Loan or Grant
The City of Dubuque has determined that the making of loans or grants of public
funds to qualified industries and businesses 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 of Dubuque 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 businesses 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
10
loans or grants, the City of Dubuque 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 of Dubuque is prepared to utilize tax increment financing as a means of
financing eligible costs incurred to implement the Public Purpose Activities
identified in Part D of this Plan. Bonds, tax rebate agreements and/or loan
agreements may be issued by the City under the 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 development of new industrial land 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 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, among other things, the
following costs to the extent they are incurred by the City:
a. Planning and administration of the Plan;
b. Construction of public infrastructure improvements and facilities within the
District;
C. Acquisition, installation, maintenance and replacement of public
investments throughout the District including but not limited to street lights,
landscaping and buffers, signage and appropriate amenities;
d. Acquisition of land and/or buildings and preparation of same for sale or
lease 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
11
facilities within the District to be sold or leased to qualified businesses;
f. Loans or grants to qualified businesses under Chapter 15A of the Iowa
Code, including tax rebate payments, 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 Part D 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.
It is anticipated that the maximum amount of indebtedness which will qualify for
tax increment revenue reimbursement during the duration of this Plan, including
acquisition, public improvements and private development assistance within the
District, will not exceed $70,000,000.
The City of Dubuque's current general debt subject to the statutory debt limit is
$111,687,827 (a list of the outstanding obligations is found at Attachment C) and the
current statutory debt limit is $239,298,248.
H. 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.
I. DURATION OF APPROVED URBAN RENEWAL PLAN
1. Subarea A
This Plan shall continue in effect for Subarea A until terminated by action of the
City Council, but in no event before the City of Dubuque has received full
reimbursement from all incremental taxes of its advances and principal and interest
payable on all Tax Increment Financing or general obligations issued to carry out
the OBJECTIVES of the Plan.
fipa
2. Subareas B, C, D, E, F, G, H, I, J, K, L, M, and N
This Plan shall continue in effect until terminated by the City Council; provided,
however, that the collection of tax increment revenues from properties located in
Subareas B, C, D, E, F, G, H, I, J, K, L, M, and N shall be limited as provided by
law (currently twenty (20) years from the calendar year following the calendar 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 division of
tax increment revenue as provided for in Section 403.19 (tax increment financing)
of the Iowa Code, or in which the City first includes the Subarea in an ordinance
for the division of tax increment revenue).
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.
J. 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,
unauthorization 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.
K. 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.
Any change effecting any property or contractual right can be effectuated only in
accordance with applicable state and local law.
L. ATTACHMENTS
A Urban Renewal District Map
B Land Use Maps
B-1 Existing Land Use
B-2 Proposed Land Use
C List of General Obligation Debt
D Legal Descriptions
13
s
f
r.
District Boundary Subarea H
Subarea A _ Subarea I
r Subarea B mI Subarea J
\ Subarea C r Subarea K
- 52 ;
\ � , Subarea D Subarea L
Subarea E r Subarea M
THE�TTYop 11 �' �j Subarea F Subarea N
Masterpiece on the Mississippi Subarea G Dubuque (ity Limits
��SIJJ�J�r ���J ` �:SJ�rJ�`J
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V
THE CITY OF
DUB E�
Masterpiece on the Mississippi
COMMERfE PARK
J���tl1�tJ r r J�'r�'J rr
'RimI
L-A
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20
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District Boundary Office
WE Agriculture Open Space
mE Commercial Park
W Heavy Industrial Single Family/Duplex
WU Institutional d Vacant
52 I Light Industrial Wo Dubuque City Limits
J
,trial (enter\2021\1)u6uquelndusinn enter u 1Fl a en�erir�_
AW
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THE CfiY OF , � �
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! NORTH
JRDistrict Boundary
Commercial/Recreation
d Heavy Industrial
Institutional
Light Industrial
Mixed Residential
Office
Q Open Space
w Park
Single Family Residential
Dubuque City Limits
Attachment C
City of Dubuque
Summary of Bonded Indebtedness
Description
Date
of
Issue
Average
Interest
Rate
Year of
Final
Payment
Amount
of
Issue
Principal
Outstanding
6/30/20
Principal
Due
FY 2021
Interest
Due
FY 2021
Principal
Outstanding
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 - 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 Park Amenities-21
Future
4.00%
2041
250,000
-
-
-
250,000
Description
Date
of
Issue
Average
Interest
Rate
Year of
Final
Payment
Amount
of
Issue
GDTIF Parking E 12th and Elm- FY21
Future
4.50%
2041
589,000
GDTIF Downtown Housing Refunding
4/17/17
3.00%
2030
2,120,000
GDTIF Millwork District Refunding
4/17/17
3.00%
2030
2,080,000
GDTIF 7th Street/2-Way Conversion
3/15/12
2.70%
2031
5,560,000
GDTIF Intermodal
3/15/12
2.54%
2031
4,380,000
GDTIF 5th St Restroom/MFC
12/10/12
2.53%
2032
1,988,538
GDTIF MCIC/ADAAssist./Econ. Dev Grants
12/10/12
1.70%
2032
1,035,000
GDTIF Washington Neighborhood
6/28/12
3.20%
2032
755,000
GDTIF Intermodal/Millwork Parking/CHI
11/17/14
3.99%
2034
5,670,000
GDTIF Transit Roof/DT Loan Pool/ADA
11/17/14
3.30%
2034
190,000
Library Improvements - Sales Tax 20%
6/20/19
3.00%
2022
39,408
Library Improvements
12/10/12
2.49%
2027
173,992
Park Improvements - Gaming
12/10/12
2.49%
2022
209,050
Park Improvements Sales Tax 20%
12/10/12
2.49%
2022
171,808
Park Improvements - Sales Tax 20%
6/20/19
3.00%
2027
47,290
Park Water System Study Refunding
4/17/17
3.00%
2030
60,000
Park Ham House - Sales Tax 20%
4/4/16
2.79%
2035
200,668
Park Skate Park (FY 19)
6/20/19
3.00%
2027
613,524
Parking Refinanced Portions 5th/3rd St/IA
12/10/12
1.22%
2021
5,541,573
Parking Port of Dubuque Parking Ramp
3/19/18
3.05%
2026
373,553
Parking Central Ave Ramp Refunding
4/17/17
3.00%
2030
6,380,000
Parking Iowa Street Ramp Improvements
3/19/18
2.91%
2031
45,516
Parking Locust Ramp Security Cameras
6/20/19
3.00%
2033
126,054
Parking Improvements
11/17/14
3.30%
2034
185,000
Parking Ramp Improvements - Taxable
11/17/14
3.99%
2034
305,000
Police Software Replacement - Gaming
12/10/12
2.49%
2022
355,950
Police CAD Software - Gaming
11/17/14
3.30%
2030
260,000
Public Works Equipment Sales Tax 30%
11/17/14
3.30%
2022
305,000
Public Works Equip Refunding
4/17/17
3.00%
2030
392,000
Public Works Radio Replacement
3/19/18
2.91%
2028
110,000
PW Curb Ramp/Engineering Street Improv
11/17/14
3.30%
2034
1,250,000
Recreation Improvements - Sales Tax 20%
6/20/19
3.00%
2022
4,082
Recreation Improvements - Sales Tax 20%
12/10/12
2.49%
2027
14,924
Sanitary Improvements Refunding
4/17/17
3.00%
2030
660,000
Sanitary Sewer Improvements
3/19/18
2.91%
2031
1,030,009
Sanitary Forcemain Repair
12/10/12
2.49%
2032
655,239
Sanitary Sewer Improvements
6/20/19
3.00%
2033
1,124,412
Sanitary Sewer Improvements
11/17/14
3.30%
2034
5,670,000
Sanitary Sewer Improvements
4/4/16
2.79%
2035
2,405,000
Solid Waste Collection Refunding
4/17/17
3.00%
2030
51,300
Solid Waste Collection
3/19/18
2.91%
2031
27,447
Solid Waste Tipper Carts - FY21
Future
4.00%
2041
280,000
Stormwater Refunding
4/4/16
2.91%
2028
6,270,000
Stormwater Sales Tax Revenue - GO
5/19/14
3.23%
2029
7,190,000
Stormwater Improvements Refunding
4/17/17
3.00%
2030
2,015,000
Stormwater Improvements
3/19/18
2.91%
2031
1,714,542
Stormwater Improvements
3/15/12
2.70%
2031
1,935,000
Stormwater 7th Street Storm Improvements
12/10/12
2.49%
2032
134,342
Stormwater Improvements
6/20/19
3.00%
2033
290,796
Streetlight Replacement Refunding - ST
4/17/17
3.00%
2030
4,900
Street FEMA Land Buyout - Gaming
6/20/19
3.00%
2027
64,901
Street Fiber/Sidewalk/Lights Refunding
4/17/17
3.00%
2030
258,600
Street Southwest Arterial
3/19/18
2.91%
2031
771,557
Street Southwest Arterial - Sales Tax 30%
12/10/12
2.49%
2032
1,280,545
Transit Radio Replacement
3/19/18
2.91%
2028
95,000
Transit Midtown Transfer
6/20/19
3.00%
2039
216,125
Transit Vehicle Replacement- FY20
Future
4.00%
2040
372,420
Transit Vehcile Replacement - FY21
Future
4.15%
2041
427,000
Water System Improvements
3/19/18
2.91%
2031
1,155,930
Principal
Outstanding
6/30/20
Principal
Due
FY 2021
Interest
Due
FY 2021
Principal
Outstanding
6/30/21
-
-
-
589,000
1,745,000
140,000
54,955
1,605,000
1,685,000
145,000
50,550
1,540,000
3,675,000
290,000
98,194
3,385,000
2,890,000
225,000
73,312
2,665,000
1,412,421
102,215
35,560
1,310,206
275,000
135,000
5,780
140,000
540,000
40,000
17,885
500,000
5,570,000
75,000
203,889
5,495,000
170,000
10,000
5,525
160,000
35,038
4,616
1,568
30,422
97,435
12,909
3,871
84,526
66,600
22,200
1,360
44,400
43,733
21,595
954
22,138
42,047
5,539
1,881
36,507
48,500
4,100
1,455
44,400
165,256
9,080
4,434
156,176
538,617
74,907
16,159
463,710
50,000
50,000
1,100
-
291,780
44,603
8,860
247,177
5,035,000
485,000
151,050
4,550,000
39,664
3,070
1,128
36,594
116,344
9,718
3,300
106,626
140,000
10,000
4,487
130,000
240,000
15,000
8,705
225,000
113,400
37,800
2,315
75,600
185,000
15,000
5,700
170,000
90,000
45,000
2,700
45,000
316,900
26,700
9,507
290,200
88,536
10,732
2,441
77,804
975,000
55,000
31,525
920,000
2,723
1,361
462
1,362
8,633
1,061
208
7,572
535,000
45,000
16,050
490,000
897,595
69,463
25,528
828,132
445,659
32,521
11,565
413,138
1,051,586
72,887
24,750
978,699
4,845,000
285,000
156,675
4,560,000
1,985,000
110,000
53,206
1,875,000
41,500
3,500
1,245
38,000
23,919
1,851
680
22,068
-
280,000
3,655,000
615,000
109,650
3,040,000
7,190,000
323,100
7,190,000
1,620,000
145,000
48,600
1,475,000
1,494,127
115,628
42,494
1,378,499
1,225,000
95,000
32,732
1,130,000
91,371
6,668
2,371
84,703
271,376
19,437
6,600
251,939
4,000
300
120
3,700
57,861
7,046
2,393
50,815
209,200
17,600
6,276
191,600
672,369
52,033
19,122
620,336
885,052
58,276
21,287
826,776
76,464
9,268
2,109
67,196
216,125
6,484
216,125
372,420
6,394
14,896
366,026
-
-
-
427,000
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
6/30120
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 Downtown TIF & a minimum assessment agreement
Tax Increment
Economic Development TIF Rebate Aareements
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
General Fund Leases
Various
Various
Ongoing
194,160
155,000
155,000
Iowa 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
3,470.3 99
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
6130/21
Sanitary Water & Resource Recovery
Upgrade SRF 8/18/10 3.25% 2039
Sanitary WRRC Cogeneration & Sponsor
SRF
5/17/13
2.00%
Sanitary Kerper Boulevard SRF
3/8/19
1.00%
Sanitary Projects - FY20
Future
2.00%
Sanitary Projects- FY21
Future
2.00%
Stormwater Lower Bee Branch Restoration
10/27/10
3.25%
Stormwater Lower Bee Branch SRF -
9/1/14
2.00%
Stormwater Northfork Catfish Improv. SRF
1/13/10
3.25%
Stormwater Sales Tax Increment Revenue
6/15/15
3.72%
Stormwater Upper Bee Branch & Sponsor
SRF
6/17/15
2.00%
Stormwater Upper Bee Branch RR SRF
6/7/19
2.00%
Stormwater West 32nd Detention Basin
1/14/09
3.25%
Water Planned Projects - FY21
Future
2.00%
Water Roosevelt Water Tower SRF
8/9/19
2.00%
Water CIWA Purchase & Improvements
7/7/17
2.00%
Water - CIWA Contract Purchase
12/28/16
3.00%
Water- Clear Well Reservoirs SRF
10/18/07
3.25%
Water Meter Change Out Program SRF
2/12/10
3.25%
Water System Improvements & Ext.
11/4/08
4.71%
Water System Improvements & Ext.
8/16/10
3.54%
Total Revenue Bonds
Total City Indebtedness
Statutory Debt Limit
% of Debt Limit Used
Remaining Debt Capacity
74,285,000 57,961,000 2,538,000 1,159,220 55,423,000
2033
3,048,000
2,116,000
144,000
42,320
1,972,000
2038
2,763,000
2,406,682
124,000
24,120
2,290,537
2040
871,000
871,000
19,570
17,420
851,430
2041
2,711,000
49,838
2,711,000
2041
7,850,000
6,224,000
211,000
202,280
6,013,000
2034
1,029,000
715,000
49,000
14,300
666,000
2031
800,000
463,000
40,000
15,048
423,000
2031
20,800,000
20,800,000
-
762,650
20,800,000
2037
30,941,000
21,890,336
1,160,000
316,131
20,978,000
2040
16,382,000
7,137,910
674,000
206,560
13,708,910
2028
1,847,000
876,000
98,000
28,470
778,000
2041
980,000
-
980,000
2040
4,400,000
3,095,251
181,000
80,508
4,219,000
2036
10,198,000
7,277,300
512,000
162,260
7,825,300
2022
5,000,000
2,000,000
1,000,000
60,000
1,000,000
2028
915,000
435,000
48,000
8,700
387,000
2031
6,394,000
3,984,000
307,000
129,480
3,677,000
2023
1,195,000
315,000
100,000
15,598
215,000
2030
5,700,000
3,850,000
240,000
144,450
3,610,000
199,421,000
143,067,823
7,524,127
3,462,210
149,099,964
379,377,383 260,864,394 18,195,851 7,813,801 260,787,7 11
227,661,474 $239,298,248
51.74% 46.67%
109,864,903 127,610,421
ATTACHMENT D
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT
DISTRICT
(2021.4) Updated August 18, 2021
LEGAL DESCRIPTION:
Subarea A of the District consists of the real property legally described as follows:
■ All of Dubuque Industrial Center Eighth Addition; and
■ All of Lot 1 Dubuque Industrial Center 13th Addition; and
■ Lot 2 Dubuque Industrial Center 13th Addition; and
■ Lot 1-2-2 Dubuque Industrial Center Fifth Addition; and
■ Lot 1 Dubuque Industrial Center Fifth Addition; and
■ Lot 1 Dubuque Industrial Center 11th Addition; and
■ Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and
■ Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and
■ Lot 1-3 Dubuque Industrial Center 12th Addition; and
■ Lot 1 of lot 3 of final plat of lot 1 of Dubuque Industrial Center First Addition; and
■ Lot 1 Dubuque Industrial Center 10th Addition; and
■ Lot 2-3 Dubuque Industrial Center 12th Addition; and
■ Lots 1 & 2 of final plat of lot 1 of Dubuque Industrial Center First Addition; and
■ Lot 1 Dubuque Industrial Center 12th Addition; and
■ Lot 2 Dubuque Industrial Center Ninth Addition; and
■ Lot 2 Dubuque Industrial Center 12th Addition; and
■ Lot 2-2 Dubuque Industrial Center Sixth Addition; and
■ Lot 3 Dubuque Industrial Center Ninth Addition; and
■ Lot 1 Dubuque Industrial Center Sixth Addition; and
■ Lot 2 of 2 Dubuque Industrial Center 7th Addition; and
■ Lot 2-1 Walter Addition; and
■ Lot 2-1 Walter Addition; and
■ And all adjoining public right-of-way, all in the City of Dubuque, Dubuque County, Iowa.
Subarea B of the District consists of the real property legally described as follows:
■ Lots 1, 3, 4, 1 of 5, 6 and H of Dubuque Industrial Center West as originally platted; and
■ Lots 1, 2, 3, 4, 5, 6, 7, 8, and C of Dubuque Industrial Center West 2nd Addition as
originally platted; and
■ Lots 1, 2, 3, 4, B, and C of Dubuque Industrial Center West 4th Addition as originally
platted; and
■ Lots 1 of 1, 1 of 2, 2 of 2, 1 of 3, 2 of 3, 1 of 5, A, C, and D of Dubuque Industrial Center
West 5th Addition as originally platted; and
■ Lot 1 and Lot A of Dubuque Industrial Center West 6th Addition as originally platted; and
■ Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addition as originally
platted; and
■ Lot 2 of 1 of the Southwest Quarter of the Southwest Quarter and Lot 2 of 1 of the
Southeast Quarter of the Southwest Quarter all in Section 30, Township 89 North, Range
2 East, 5th Principal Meridian as originally platted; and
■ and all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right-of-
way lying in the SE 1/4 of Section 30, the SE 1/4 of the SW 1/4 of Section 30, the NW 1/4
of Section 31, and the NE 1/4 of Section 31 all in T89N, R2E, of the 5th P.M. Dubuque
County, Iowa, the centerline of which is more particularly described as follows:
beginning at a point of intersection with the easterly line of the SE 1/4 of Section 30,
T89N, R2E, of the 5th P.M., thence southwesterly along the centerline of said railroad
2,700 feet, more or less a point of intersection with the westerly line of the SE 1/4 of
said Section 30; thence southwesterly continuing along said centerline 845 feet, more or
less, to a point where the railroad right-of-way widens to 200 feet, said point being the
terminus of this description; and
■ all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right-of-way
lying in the Balance of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter in
Section 29, Township 89 North, Range 2 East, 5th Principal Meridian; and
■ any adjoining public street right-of-way all in the City of Dubuque, Dubuque County,
Iowa.
Subarea C of the District consists of the real property legally described as follows:
■ Lot 1 of Dubuque Industrial Center North Second Addition; and
■ Lots 2 and 3 of Dubuque Industrial Center North First Addition; and
■ C of Dubuque Industrial Center North First Addition, excepting the following part of said
Lot C: Commencing at the northwest corner of Lot 1 in Dubuque Industrial Center North
Second Addition in the City of Dubuque, Iowa; Thence North 87 degrees 35 minutes 13
seconds East along the north line of said Lot 1, 65.47 feet to the Point of Beginning;
Thence North 87 degrees 35 minutes 13 seconds East continuing along said north line of
Lot 1, 467.29 feet; Thence South 82 degrees 04 minutes 06 seconds East continuing
along said north line of Lot 1, 212.63 feet; Thence North 19 degrees 12 minutes 36
seconds East, 433.37 feet, to a point on the easterly line of Lot 2 in Dubuque Industrial
Center North Third Addition in the City of Dubuque, Iowa; Thence North 90 degrees 00
minutes 00 seconds West, 231.12 feet; Thence North 60 degrees 11 minutes 47 seconds
West, 280.07 feet; Thence North 51 degrees 38 minutes 25 seconds West, 318.12 feet;
Thence South 57 degrees 28 minutes 14 seconds West, 86.87 feet; Thence South 18
degrees 59 minutes 51 seconds East, 140.84 feet; Thence South 51 degrees 57 minutes
52 seconds East, 101.08 feet; Thence South 01 degree 57 minutes 06 seconds East,
108.09 feet; Thence South 33 degrees 59 minutes 54 seconds East, 90.10 feet; Thence
South 44 degrees 57 minutes 34 seconds East, 130.53 feet; Thence South 12 degrees 19
minutes 12 seconds West, 171.97 feet; Thence South 87 degrees 35 minutes 13 seconds
West, 260.33 feet; Thence South 02 degrees 35 minutes 19 seconds East, 40.00 feet, to
the Point of Beginning, said part of Lot C contains 6.59 acres, more or less.
■ Lot A of Dubuque Industrial Center North First Addition, excepting that Part of said Lot A
originally platted as Lot 2 of the SW % of the NW % of Sec. 30, T89N, R2E of the 5th PM;
and
■ Any adjoining public street right-of-way, all in the City of Dubuque, Dubuque County,
Iowa.
Subarea D of the District consists of the real property legally described as follows:
■ Lots 1, 2, and B and all of the right of way of Chavenelle Court in Dubuque Industrial
Center West 8th Addition in the City of Dubuque, Dubuque County, Iowa.
Subarea E of the District consists of the real property legally described as follows:
■ All of Lot 1 of 1 and Lot 1 of 2 of the South Fork Subdivision No. 1 as originally platted,
including any adjoining public street right-of-way to said lots, all in the City of Dubuque,
Dubuque County, Iowa, and;
■ All of Seippel Road right of way from the north boundary line of Lot 1 of 1 of South Fork
Subdivision No. 1 in the City of Dubuque, to the south boundary lines of Lot H of
Dubuque Industrial Center West and Lot 1 of Dubuque Industrial Center West 2nd
Addition in the City of Dubuque, Dubuque County, Iowa, including crossings at the
intersections of Old Highway Road and Chicago Central & Pacific Railroad rights -of -way.
Subarea F of the District consists of the real property legally described as follows:
■ Lot one (1) of Graf Farm Subdivision #2, Dubuque County, Iowa, according to the
recorded plat thereof;
■ Lot 1 of Lot 1 of Lot 1 of Lot 1 of West One-half of Northeast One -quarter, Section 25,
Township 89 North , Range 1 East of the 5th Principal Meridian, in Center Township ,
Dubuque County, Iowa;
■ Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, Iowa,
according to the plat thereof; and
■ The NW 1/4 of the SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th
P.M., in Center Township, Dubuque County, Iowa.
Subarea G of the District consists of the real property legally described as follows:
■ The South one-half of the Northwest Quarter of Section 29, Township 89 North, Range 2
East of the 5th Principal Meridian, in the City of Dubuque, Iowa.
■ Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29,
Township 89 North, Range 2 East of the 51" Principal Meridian, in the City of Dubuque,
Iowa.
■ Lot 2 of McFadden Farm Place #2, in the City of Dubuque, Iowa.
■ Lot 2 of McFadden Farm Place, in the City of Dubuque, Iowa.
■ Lot A of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter of Section 29,
Township 89 North, Range 2 East of the 51" Principal Meridian, in the City of Dubuque,
Iowa.
■ Lot A of Lot 1 of 1 of the Northwest Quarter of the Southwest Quarter of Section 29,
Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque,
Iowa.
■ All in the City of Dubuque, Dubuque County, Iowa.
Subarea H of the District consists of the real property legally described as follows:
■ Lot 1 of the Northeast % of the Northeast %, and Lot 2 of Lot 1 of Lot 1 of Lot 2 of the
Northeast % of the Northeast %, of Section 30, in Township 89 North, Range 2 East of
the 5th Principal Meridian, in the City of Dubuque, Iowa.
Subarea I of the District consists of the real property legally described as follows:
■ Lot 2 Seippel Road Place #2, Dubuque County, Iowa.
Lot 2-1-1 of the Southeast Quarter of the Southeast Quarter of Section 25, Township 89
North, Range 2 East of the 5t" Principal Meridian, Dubuque County, Iowa
Subarea J of the District consists of the real property legally described as follows:
■ Lot 2 Julien Care Place, Dubuque County, Iowa.
■ Lot 3 Julien Care Place, Dubuque County, Iowa
■ Lot 2-1 Julien Care Place, Dubuque County, Iowa
Subarea K of the District consists of the real property legally described as follows:
Lot 1 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, Iowa.
Subarea L of the District shall include the following described properties:
■ Lot 1 of Loretta Bahl's Homestead, in the City of Dubuque, Iowa, comprised of Lot 1 of
the West 30 Acres of the Southwest % of the Southeast %, Section 19, Township 89
North, Range 2 East of the 5th P.M.
Subarea M of the District shall include the following described properties:
■ Lot 2 of the Subdivision of Lot 2 of the Northeast % of the Northeast % of Section 30,
Township 89 North, Range 2 East of the 5th P.M.
Subarea N of the District shall include the following described properties:
■ Lot 1 of Dubuque Industrial Center North First Addition, in the City of Dubuque, Iowa;
and
■ All of the street right of way of Innovation Drive adjacent to Lot 1 of Dubuque Industrial
Center North First Addition, in the City of Dubuque, Iowa.
All in the City of Dubuque, Iowa
MINUTES
CONSULTATION WITH AFFECTED TAXING BODIES for the Amended and Restated
URBAN RENEWAL PLAN 2021.4 for the Dubuque Industrial Center West Urban
Renewal Area:
Thursday August 26, 2021 at 2:00 p.m.
GoToMeeting Conference Line
Line Number: (312) 757-3121
Access Code: 512-192-125
Meeting Commenced: 2:00 p.m.
Present: No representatives from the taxing bodies were in attendance.
Meeting Adjourned: 2:30 p.m.
Jill M. Connors
Economic Development Director, City of Dubuque
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:
09/10/2021
and for which the charge is 34.09
i
Subscribed to before me, a Notary Public in and for
Dubuque County, Iowa,
this loth day of September, 2021
Notary 1 lic in and for Dubuqu County, Iowa.
JANET K, PAPE
. CommIssion Humber 199559
jMy Comm. Exp. DEC 11, 2022
Ad text : CITY OF DUBUQUE, IOWA
OFFICIAL NOTICE
PUBLIC NOTICE is hereby given that the City Council of the
City of Dubuque, Iowa, will hold a public hearing on the 20th
day of September, 2021, at 6:30 p.m. in the Historic Federal
Building, 350 W. 6th Street, 2nd floor, Dubuque, Iowa. At said
meeting the City Council will consider a proposed Amended and
Restated Urban Renewal Plan ("Plan") for the Dubuque
Industrial Center Economic Development District ("the
District"). The official agenda will be posted the Friday
before the meeting and will contain public input options. The
City Council agenda can be accessed at
https://cityofdubuque.novusagenda.com/AgendaPublic/ or by
contacting the City Clerk's Office at 563-589-4100,
ctyclerk@cityofdubuque.org.
The proposed Plan, if approved, would amend and restate the
Plan to remove an undeveloped portion of Subarea C from the
District, in order to establish a new Subarea for that
undeveloped property to accommodate future development. The
City Council has found that the proposed areas meet the
definition of an economic development area as defined in Iowa
Code Chapter 403 and should be included therein.
At the meeting, the City Council will receive oral and
written comments from any resident or property owner of said
City to the above action. Written comments regarding the
proposed Plan may be submitted to the City Clerk's Office via
email at ctyclerk@cityofdubuque.org or by mail to City Clerk's
Office, City Hall, 50 W. 13th St., Dubuque, IA 52001, before
said time of public hearing.
Copies of supporting documents for the public hearing are on
file in the City Clerks Office and may be viewed Monday
through Friday between 8:00 a.m. and 5:00 p.m.
Individuals with limited English proficiency, vision,
hearing or speech impairments or requiring special assistance
should contact the City Clerk's Office at (563) 589-4100,
TDD/TTY (563) 690-6678, ctyclerk@cityofdubuque.org as soon as
feasible. Deaf or hard -of -hearing individuals can use Relay
Iowa by dialing 711 or (800) 735-2942.
Published by order of the City Council given on the 16th day
of August, 2021.
Adrienne N. Breitfelder, City Clerk
1t 9/10