Amending Tax Increment Ordinance for the Industrial Center Economic Devel District, as amended by Version 2021.5City of Dubuque
City Council Meeting
Action Items # 5.
Copyrighted
September 20, 2021
ITEM TITLE: Amending a Tax Increment Ordinance for the Dubuque Industrial Center
Economic Development District, as amended by Version 2021.5 of the
Amended and Restated Plan
SUMMARY: City Manager recommending City Council adoption of an ordinance
amending the most recent Ordinance for the Dubuque Industrial Center
Economic Development District as the District's boundaries were
amended by Version 2021.5 of the Amended and Restated Urban
Renewal Plan.
ORDINANCE Amending Ordinance No. _-21, previously amended,
providing that general property taxes levied and collected each year on all
property located within the Amended and Restated Dubuque Industrial
Center Economic Development District Urban Renewal Area of 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 the Amended and Restated Dubuque
Industrial Center Economic Development District Urban Renewal
Redevelopment Project by adding Subarea O to the Division of
Revenues
SUGGESTED Suggested Disposition: Receive and File; Motion B; Motion
DISPOSITION:
ATTACHMENTS:
Description Type
Amending a Tax Increment Ordinance for DIC as City Manager Memo
amended by 2021.5-MVM Memo
Staff Memo Staff Memo
Ordinance Ordinance
Amended and Restated Urban Renewal Plan Supporting Documentation
Consultation Minutes Supporting Documentation
THE CITY OF
Dubuque
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Amending a Tax Increment Ordinance for the Dubuque Industrial Center
Economic Development District, as amended by Version 2021.5 of the
Amended and Restated Plan
DATE: September 13, 2021
Economic Development Director Jill Connors recommends City Council adoption of an
ordinance amending the most recent Ordinance for the Dubuque Industrial Center
Economic Development District as the District's boundaries were amended by Version
2021.5 of the Amended and Restated Urban Renewal Plan.
The proposed amending ordinance would expand the District to include the property to
be designated as Subarea O by Version 2021.5 of the Amended and Restated Urban
Renewal Plan in the TIF ordinance area of the Amended and Restated Urban Renewal
Plan.
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
Dubuque Economic Development
Department
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Masterpiece on the Mississippi 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jill M. Connors, Economic Development Director
SUBJECT: Amending a Tax Increment Ordinance for the Dubuque Industrial Center
Economic Development District, as amended by Version 2021.5 of the
Amended and Restated Plan
DATE: September 10, 2021
I' k I:W 1111101lei Z
This memorandum presents for City Council review and adoption an ordinance amending
the most recent Ordinance for the Dubuque Industrial Center Economic Development
District ("District") as the District's boundaries were amended by Version 2021.5 of the
Amended and Restated Urban Renewal Plan. The proposed ordinance was reviewed by
the City Attorney's Office and is attached to this memo.
The proposed amending ordinance would expand the District to include the property to
be designated as Subarea O by Version 2021.5 of the Amended and Restated Urban
Renewal Plan in the TIF ordinance area of the Amended and Restated Urban Renewal
Plan.
BACKGROUND
On August 16, 2021, a Resolution of Necessity was adopted finding that proposed
changes to the District's boundaries are necessary and appropriate to facilitate the proper
growth and development of the community in accordance with sound planning and local
community objectives.
On August 26, 2021, a Consultation was conducted with the affected taxing entities as
required by Chapter 403.5 of the Iowa Code, providing an opportunity to discuss,
question, or object to the findings in the Amended and Restated Urban Renewal Plan.
Prior to the meeting, the taxing entities were mailed copies of the Amended and Restated
Urban Renewal Plan and the Notice of Public Hearing. No written objections or
recommended changes to the Amended and Restated Plan were received.
On September 10, 2021 the notice of public hearing was published to allow for the
appropriate publication requirements. Assuming that the City Council approves the
Amended and Restated Plan, Version 2021.5, following the public hearing, Council action
to amend the tax increment ordinance for the District would be appropriate.
DISCUSSION
The primary goal of Version 2021.5 of the Amended and Restated Plan is to add
additional property to the District.
In order to reflect the changes to the District's boundaries and Subareas made by Version
2021.5, the TIF ordinance area boundaries must also be amended. The proposed
ordinance reflects the addition of property as a new Subarea O.
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 had been a part of had a "TIF sunset" of
June 2029. If the parcel had remained in Subarea C, the City would have been unable
to provide any future economic development incentives beyond this window.
The ordinance continues to authorize the City to maintain a special fund for the collection
of a portion of the property tax revenues generated by new development occurring the
District. All taxable property that remains located in the District will continue to pay
property taxes based upon the current tax levies and assessment valuations. Tax
revenues collected in excess of the base amounts in each Subarea will be used to assist
in financing future development projects within the District, including both public and
private development.
RECOMMENDATION / ACTION STEP
Following City Council approval of Version 2021.5 of the Amended and Restated Plan, I
recommend that the City Council approve the ordinance attached hereto for the Dubuque
Industrial Center Economic Development District. Tax increment financing is an important
tool for economic development and will be used to assist future public and private
development efforts.
2
Doc ID: 010826760012 Type: GEN
Kind: ORDINANCE
Recorded: 09/22/2021 at 01:33:39 PM
Fee Amt: $62.00 Paqe 1 of 12
Dubuque County Iowa
John Murphy Recorder
File2021-00015762
RECORDER'S COVER SHEET
FOR
CITY OF DUBUQUE ORDINANCE NO. 32-21
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:
See attached
Grantors:
Grantees:
City of Dubuque, Iowa
50 W. 13th Street
Dubuque, IA 52001
UT00
(2P D13Q Economic Development
Prepared by Jill Connors, Economic Development, 1300 Main St., Dubuque IA 52001, (563) 589-4393
Return to Adrienne N. Breitfelder, City Clerk, 50 W. 131' St., Dubuque, IA 52001, (563) 589-4100
ORDINANCE NO. 32-21
AMENDING ORDINANCE NO. 31-21, PREVIOUSLY AMENDED, PROVIDING THAT
GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON ALL
PROPERTY LOCATED WITHIN THE AMENDED AND RESTATED DUBUQUE
INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL
AREA OF 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 THE AMENDED AND RESTATED DUBUQUE INDUSTRIAL CENTER
ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL REDEVELOPMENT
PROJECT BY ADDING SUBAREA O TO THE DIVISION OF REVENUES
WHEREAS, the Amended and Restated Urban Renewal Plan for the Dubuque
Industrial Center Economic Development District (the "District") described in Resolution
No. 130-88 was adopted on May 2, 1988 and was thereafter amended and restated by
Resolution No. 484-90 on December 17, 1990, Resolution No. 142-97 on April 7, 1997,
Resolution No. 478-97 on November 17, 1997, Resolution No. 15-08 on January 7, 2008,
Resolution No. 101-08 on March 17, 2008, Resolution No. 109-08 on April 7, 2008,
Resolution No. 87-11 on March 7, 2011, Resolution No. 171-13 on June 3, 2013,
Resolution No. 197-15 on June 1, 2015, Resolution No. 309-15 on September 8, 2015,
Resolution No. 132-16 on September 19, 2016, Resolution No. 157-18 and Resolution
No. 158-18 on May 21, 2018, Resolution 380-18 on December 17, 2018, Resolution 125-
21 and Resolution 126-21 on April 19, 2021, Resolution 323-21, and Resolution 324-21
on September 20, 2021 (as amended and restated, the "Urban Renewal Plan" or
"Amended and Restated Urban Renewal Plan"); and
WHEREAS, the City Council of the City of Dubuque, Iowa originally provided for
the division of taxes pursuant to Section 403.19 of the Code of Iowa within the District in
Ordinance No. 26-88 passed and approved on May 2, 1988 and thereafter amended and
restated by Ordinance No. 63-88 on December 5, 1988, by Ordinance No. 66-97 on
November 17, 1997, by Ordinance No. 70-08 on October 20, 2008, by Ordinance No. 10-
14 on February 3, 2014, by Ordinance No. 39-15 on June 1, 2015, by Ordinance No. 55-
15 on September 8, 2015, by Ordinance No. 49-16 on September 19, 2016, Ordinance
18-18 on May 21, 2018, by Ordinance 45-18 on December 17, 2018, by Ordinance 15-
21 and Ordinance 16-21 on April 19, 2021, by Ordinance 22-21 on June 7, 2021, and by
Ordinance 31-21 on September 20, 2021; and
WHEREAS, indebtedness has been incurred by the City, and additional
indebtedness is anticipated to be incurred in the future, to finance urban renewal project
activities within the District, and the continuing needs of redevelopment within the District
are such as to require the continued application of the incremental tax resources of the
District; and
WHEREAS, the following enactment is necessary to accomplish the
objectives described in the premises.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA, THAT:
Ordinance Number 31-21 is hereby amended to read as follows:
Section 1: For purposes of this Ordinance, the following terms shall have the
following meanings:
(a) Original Project Area means that portion of the City of Dubuque, Iowa
described in the Urban Renewal Plan for the District approved by Resolution No.
130-88 on May 2, 1988, and subsequently amended by Resolution No. 484-90 on
December 17, 1990, which Original Project Area includes the lots and parcels
located within the area now 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.
K
The Original Project Area is referred to as "Subarea A" in the Urban Renewal Plan
hereinafter described.
(b) Subarea B has been removed from the division of revenues by
Ordinance 22-21 on June 7, 2021.
(c) Subarea C means that portion of the City of Dubuque, Iowa described
as Subarea C in the Amended and Restated Urban Renewal Plan for the District
approved by Resolution No. 324-21 on September 20, 2021, which Subarea C
includes the lots and parcels located within the area legally described as follows:
Lots 1 and 2 of Dubuque Industrial Center North Second Addition; and
Lots 2, 3, C and 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
and any adjoining public street right-of-way, all in the City of Dubuque,
Dubuque County, Iowa,
EXCEPT those lots and parcels included in Subarea K and those lots and
parcels included in Subarea O.
(d) Subarea D means that portion of the City of Dubuque, Iowa described
as Subarea D in the Amended and Restated Urban Renewal Plan for the District
approved by Resolution No. 109-08 on April 7, 2008, which Subarea D includes
the lots and parcels located within the area 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.
(e) Subarea E means that portion of the City of Dubuque, Iowa described
as Subarea E in the Amended and Restated Urban Renewal Plan for the
District approved by Resolution No. 87-11 on March 7, 2011, which Subarea
E includes the lots and parcels located within the area 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.
3
(f) Subarea F means that portion of the City of Dubuque, Iowa, and
Dubuque County described as Subarea F in the Amended and Restated Urban
Renewal Plan for the District approved by Resolution No. 197-15 on June 1, 2015,
which Subarea F includes the lots and parcels located within the area 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.
(g) Subarea G means that portion of the City of Dubuque, Iowa, and
Dubuque County described as Subarea G in the Amended and Restated Urban
Renewal Plan for the District approved by Resolution No. 309-15 on September 8,
2015, which Subarea G includes the lots and parcels located within the area 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 5th 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 5th 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.
(h) Subarea H means that portion of the City of Dubuque, Iowa, and
Dubuque County described as Subarea H in the Amended and Restated Urban
Renewal Plan for the District approved by Resolution No. 332-16 on September
19, 2016, which Subarea H includes the lots and parcels located within the area
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.
(i) Subarea I means that portion of the City of Dubuque, Iowa, and Dubuque
County described as Subarea I in the Amended and Restated Urban Renewal Plan
for the District approved by Resolution No. 332-16 on September 19, 2016, which
Subarea I includes the lots and parcels located within the area 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 5th Principal Meridian, Dubuque
County, Iowa
0) Subarea J means that portion of the City of Dubuque, Iowa, and
Dubuque County described as Subarea J in the Amended and Restated Urban
Renewal Plan for the District approved by Resolution No. 332-16 on September
19, 2016, which Subarea J includes the lots and parcels located within the area
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
(k) Subarea K means that portion of the City of Dubuque, Iowa, removed
from Subarea C of the District by Version 2018.1 of the Amended and Restated
Plan for the District approved by Resolution No. 157-18, and added to the District
by Version 2018.2 of the Amended and Restated Plan for the District approved by
Resolution No. 158-18 as Subarea K, all on May 21, 2018, which Subarea K
includes the lots and parcels located within the area legally described as follows:
Lot 1 of Dubuque Industrial Center North Third Addition, in the City of
Dubuque, Iowa.
(1) Subarea L means that portion of the City of Dubuque, Iowa described as
Subarea L in the Amended and Restated Urban Renewal Plan for the District
approved by Resolution 380-18 on December 17, 2018, which Subarea L includes
the lots and parcels located within the area legally described as follows:
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. all in the City
of Dubuque, Dubuque County, Iowa.
5
(m) Subarea M means that portion of the City of Dubuque, Iowa described
as Subarea M in the Amended and Restated Urban Renewal Plan for the District
approved by Resolution 380-18 on December 17, 2018, which Subarea M includes
the lots and parcels located within the area legally described as follows:
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. all in the City
of Dubuque, Dubuque County, Iowa.
(n) Subarea N means that portion of the City of Dubuque, Iowa described
as Subarea N in the Amended and Restated Urban Renewal Plan for the District
approved by Resolution 126-21 on April 19, 2021, which Subarea N includes the
lots and parcels located within the area legally described as follows:
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
(o) Subarea O means that portion of the City of Dubuque, Iowa removed
from Subarea C and now described as Subarea O in the Amended and Restated
Urban Renewal Plan for the District approved by Resolution 324-21 on September
20, 2021, which Subarea O includes the lots and parcels located within the area
legally described as follows:
Lot 2 of Dubuque Industrial Center North Third Addition, in the City of
Dubuque, Iowa; and
A Part of Lot C in Dubuque Industrial Center North First Addition in the City
of Dubuque, Iowa, being more particularly described as follows:
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;
N
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.
All in the City of Dubuque, Iowa
(p) Amended Project Area means that portion of the City of Dubuque, Iowa
and Dubuque County included within the Original Project Area, Subarea C,
Subarea D, Subarea E, Subarea F, Subarea G, Subarea H, Subarea 1, Subarea J,
Subarea K, Subarea L, Subarea M, Subarea N, and Subarea O each as described
in this Section.
Section 2: The taxes levied on the taxable property in the Amended Project Area,
and each subarea thereof, 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: As to the Original Project Area, 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 taxing property in the Original Project Area upon the total sum of the assessed
value of the taxable property in the Original Project Area as shown on the assessment
roll as of January 1, 1987, being the first day of the calendar year preceding the effective
date of Ordinance No. 26-88, shall be allocated to and when collected be paid into the
fund for the respective taxing district as taxes by or for said taxing district into which all
other property taxes are paid. The taxes so determined shall be referred herein as the
"base period taxes" for such Subarea.
As to Subarea B, Subarea B has been removed from the division of revenues by
Ordinance 22-21. Subarea B will remain within the District.
As to Subarea C (except the lots and parcels now forming Subarea K and those
lots and parcels removed by Amended and Restated Urban Renewal Plan Version 2021.4
now forming Subarea O), base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2007, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 70-08, and base values shall be
reduced due to the removal of area from Subarea C.
As to Subarea D, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2007, being the
7
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 70-08.
As to Subarea E, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2013, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No.10-14.
As to Subarea F, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2014, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 39-15.
As to Subarea G, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2014, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 55-15.
As to Subarea H, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2015, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 49-16.
As to Subarea I, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2015, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 49-16.
As to Subarea J, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2015, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 49-16.
As to Subarea K, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2017, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 18-18.
As to Subarea L, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2017, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 45-18.
As to Subarea M, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2017, being the
assessment roll applicable to property in such subarea as of January 1 of the calendar
year preceding the effective date of Ordinance No. 45-18.
As to Subarea N, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2020, being the
assessment roll applicable to property in such subarea as of January 1 of preceding the
effective date of this Ordinance No. 16-21.
As to Subarea O, base period taxes shall be computed in the same manner using
the total assessed value shown on the assessment roll as of January 1, 2020, being the
assessment roll applicable to property in such subarea as of January 1 of preceding the
effective date of this Ordinance 32-21.
Section 4: That portion of the taxes each year in excess of the base period taxes
for the Amended Project Area, determined for each sub -area thereof as provided in
Section 3 of this Ordinance, shall be allocated to and when collected be paid into the
special tax increment fund previously established by the City of Dubuque to pay the
principal of and interest on loans, monies advanced to, or indebtedness, whether funded,
refunded, assumed or otherwise, including bonds issued under authority of Section 403.9
or Section 403.12 of the Code of Iowa, incurred by the City of Dubuque, Iowa to finance
or refinance, in whole or in part, urban renewal projects undertaken within the District
pursuant to the Urban Renewal Plan, except that taxes for the regular and voter -approved
physical plant and equipment levy of a school district imposed pursuant to Section 298.2
of the Code of Iowa and taxes for the instructional support program of a school district
imposed pursuant to Section 257.19 (but in each case only to the extent required under
Section 403.19(2)), taxes for the payment of bonds and interest of each taxing district,
and taxes imposed under Section 346.77 (22) related to joint county -city buildings, shall
be collected against all taxable property within the Amended Project Area without any
limitation as hereinabove provided.
Section 5: Unless or until the total assessed valuation of the taxable property in
the subareas of the Amended Project Area exceeds the total assessed value of the
taxable property in said subareas 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
Amended Project Area shall be paid into the funds for the respective taxing districts as
taxes by or for the taxing districts in the same manner as all other property taxes.
Section 6: At such time as the loans, monies advanced, bonds and interest
thereon and indebtedness of the City of Dubuque referred to in Section 4 hereof have
been paid, all monies thereafter received from taxes upon the taxable property in the
Amended Project 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 remove Subarea O from the division of taxes under the
9
provisions of Section 403.19 of the Code of Iowa and to continue the division of taxes
from taxable property in the Amended Project Area under the provisions of Section 403.19
of the Code of Iowa, as authorized in Ordinance No. 22-21. 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
Amended Project Area and the subareas 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 201h day of September, 2021.
ATTEST:
Adrienne N. Breitfelder
City Clerk
Read first time: a0, )(_)a'
PASSED AND APPROVED:.5ep�emixr
PUBLISHED: _�Cp�emher dy, dD31
_T
Dannyit. Sprank, Mayor Pro Tern
10
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. 32-21 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 21 st day of September, 2021.
(SEAL`
t � f
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, Resolution -21 on , 2021, and
Resolution -21 on , 2021.
Prepared by the Economic Development Department.
Version 2021.5
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:
9
Provision of marketable industrial development sites for the purpose of job -
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 (as amended), D, E, G, H, K, L, M, and N,
currently is 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.
This Plan creates a new Subarea within the District, Subarea O, by adding property to the
District. Subarea O includes undeveloped property that was previously a portion of
Subarea C, but that was removed from Subarea C by Version 2021.4 of this plan.
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 fifteen separate areas so as to
distinguish the original District (Subarea A) from the subsequent expansion areas
(Subareas B, C (as amended), D, E, F, G, H, I, J, K, L, M, N, and O).
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
C!
as ATTACHMENT A.
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.
5
c.) These activities also include the construction and installation of
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 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.;
• Giese Properties, LLC and Giese Manufacturing
Company, Inc. (Phase I, II, and III);
• Faley Properties, L.L.C. and Faley Enterprises, Inc.;
• Malay Holdings, LLC, and Vanguard Countertops, Inc.;
n
• 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.
• Simmons Pet Food, 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 on
incentives as authorized by this Plan, as amended, including,
but not limited to, land, loans, grants, tax rebates, public
infrastructure assistance, and other incentives. The costs of
such additional development agreements will not exceed
$10,000,000
8. Enforcement of applicable local, state and federal laws, codes and
regulations;
7
9. Enforcement of established design standards in furtherance of quality
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
rn
assisted by the City through any of the PUBLIC PURPOSE ACTIVITIES listed above.
1. Land Use
Subareas A, B, C, D, E, F, G, H, I, J, K, L, M, N, and O 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, N,
and O.
2. Plannina and Desian 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, N, and O 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, K, N, and O 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, and M 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
9
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
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
10
determine to use available funds for the making of such loans or grants. In
determining qualifications of recipients and whether to make any such individual
loans or grants, the City 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 Financi
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;
11
e. Preservation, conservation, development or redevelopment of buildings or
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 $70,500,000.
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
fipa
the OBJECTIVES of the Plan.
2. Subareas B, C, D, E, F, G, H, I, J. K. L, M. N. and O
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, N, and O 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
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Subarea A - Subarea
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Subarea C Subarea L
Subarea D - Subarea M
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THE CITY OF
DUB E
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COMMERCE PARK
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District Boundary
R&I Agriculture
PI Commercial
r Heavy Industrial
M Institutional
Light Industrial
Office
Open Space
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District Boundary
Commercial/Recreation
M Heavy Industrial
C Institutional
Light Industrial
Mixed Residential
Office
Open Space
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Single Family Residential
.W0 Dubuque City Limits
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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
(2021.5) 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.
Subarea O of the District shall include the following described properties:
Lot 2 of Dubuque Industrial Center North Third Addition, in the City of Dubuque, Iowa; and
A Part of Lot C in Dubuque Industrial Center North First Addition in the City of Dubuque, Iowa,
being more particularly described as follows:
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.
All in the City of Dubuque, Iowa
MINUTES
CONSULTATION WITH AFFECTED TAXING BODIES for the Amended and Restated
URBAN RENEWAL PLAN 2021.5 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:
09/24/2021
and for which the charge is 159.14
Subscribed to before me, a Notary Public m and for
Dubuque County, Iowa,
this 24th day of September, 2021
Notaryblic in and for Dubuque C unty, Iowa.
JANET K. PAPE
_mot
= Commission NumCer 199559
- - -M4p Comm. Ezp, DEC 11. 202,^
Ad text : OFFICIAL PUBLICATION
ORDINANCE NO. 32-21
EXECUTIVE SUMMARY
THE ORDINANCE IN ITS ENTIRETY IS ON FILE IN THE OFFICE OF
THE CITY CLERK, 50 W. 13TH STREET, DUBUQUE
AMENDING ORDINANCE NO. 31-21, PREVIOUSLY AMENDED, PROVIDING
THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON
ALL PROPERTY LOCATED WITHIN THE AMENDED AND RESTATED DUBUQUE
INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL
AREA OF 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 THE AMENDED AND RESTATED
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN
RENEWAL REDEVELOPMENT PROJECT BY ADDING SUBAREA O TO THE
DIVISION OF REVENUES
WHEREAS, the Amended and Restated Urban Renewal Plan for the
Dubuque Industrial Center Economic Development District (the
"District") described in Resolution No. 130-88 was adopted on
May 2, 1988 and was thereafter amended and restated by
Resolution No. 484-90 on December 17, 1990, Resolution No.
142-97 on April 7, 1997, Resolution No. 478-97 on November 17,
1997, Resolution No. 15-08 on January 7, 2008, Resolution No.
101-08 on March 17, 2008, Resolution No. 109-08 on April 7,
2008, Resolution No. 87-11 on March 7, 2011, Resolution No.
171-13 on June 3, 2013, Resolution No. 197-15 on June 1, 2015,
Resolution No. 309-15 on September 8, 2015, Resolution No.
132-16 on September 19, 2016, Resolution No. 157-18 and
Resolution No. 158-18 on May 21, 2018, Resolution 380-18 on
December 17, 2018, Resolution 125-21 and Resolution 126-21 on
April 19, 2021, Resolution 323-21, and Resolution 324-21 on
September 20, 2021 (as amended and restated, the "Urban
Renewal Plan" or "Amended and Restated Urban Renewal Plan");
and
WHEREAS, the City Council of the City of Dubuque, Iowa
originally provided for the division of taxes pursuant to
Section 403.19 of the Code of Iowa within the District in
Ordinance No. 26-88 passed and approved on May 2, 1988 and
thereafter amended and restated by Ordinance No. 63-88 on
December 5, 1988, by Ordinance No. 66-97 on November 17, 1997,
by Ordinance No. 70-08 on October 20, 2008, by Ordinance No.
10-14 on February 3, 2014, by Ordinance No. 39-15 on June 1,
2015, by Ordinance No. 55-15 on September 8, 2015, by
Ordinance No. 49-16 on September 19, 2016, Ordinance 18-18 on
May 21, 2018, by Ordinance 45-18 on December 17, 2018, by
Ordinance 15-21 and Ordinance 16-21 on April 19, 2021, by
Ordinance 22-21 on June 7, 2021, and by Ordinance 31-21 on
September 20, 2021; and
WHEREAS, indebtedness has been incurred by the City, and
additional indebtedness is anticipated to be incurred in the
future, to finance urban renewal project activities within the
District, and the continuing needs of redevelopment within the
District are such as to require the continued application of
the incremental tax resources of the District; and
WHEREAS, the following enactment is necessary to accomplish
the objectives described in the premises.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA, THAT:
Ordinance Number 31-21 is hereby amended to read as follows:
Section 1: For purposes of this Ordinance, the following
terms shall have [specific] meanings. Legal descriptions are
on file in the Office of the City Clerk:
(a) Original Project Area
(b) Subarea B
(c) Subarea C
(d) Subarea D
(e) Subarea E
(f) Subarea F
(g) Subarea G
(h) Subarea H
(i) Subarea I
0) Subarea J
(k) Subarea K
(1) Subarea L
(in)Subarea M
(n) Subarea N
(o) Subarea O
(p) Amended Project Area
Section 2: The taxes levied on the taxable property in the
Amended Project Area, and each subarea thereof, 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: As to the Original Project Area, 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
taxing property in the Original Project Area upon the total
sum of the assessed value of the taxable property in the
Original Project Area as shown on the assessment roll as of
January 1, 1987, being the first day of the calendar year
preceding the effective date of Ordinance No. 26-88, shall be
allocated to and when collected be paid into the fund for the
respective taxing district as taxes by or for said taxing
district into which all other property taxes are paid. The
taxes so determined shall be referred herein as the "base
period taxes" for such Subarea.
As to Subarea B, Subarea B has been removed from the
division of revenues by Ordinance 22-21. Subarea B will remain
within the District.
As to Subarea C (except the lots and parcels now forming
Subarea K and those lots and parcels removed by Amended and
Restated Urban Renewal Plan Version 2021.4 now forming Subarea
O), base period taxes shall be computed in the same manner
using the total assessed value shown on the assessment roll as
of January 1, 2007, being the assessment roll applicable to
property in such subarea as of January 1 of the calendar year
preceding the effective date of Ordinance No. 70-08, and base
values shall be reduced due to the removal of area from
Subarea C.
As to Subarea D, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2007, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No. 70-08.
As to Subarea E, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2013, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No.10-14.
As to Subarea F, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2014, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No. 39-15.
As to Subarea G, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2014, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No. 55-15.
As to Subarea H, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2015, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No. 49-16.
As to Subarea I, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2015, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No. 49-16.
As to Subarea J, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2015, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No. 49-16.
As to Subarea K, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2017, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No. 18-18.
As to Subarea L, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2017, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No. 45-18.
As to Subarea M, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2017, being the assessment
roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of Ordinance
No. 45-18.
As to Subarea N, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2020, being the assessment
roll applicable to property in such subarea as of January 1 of
preceding the effective date of this Ordinance No. 16-21.
As to Subarea O, base period taxes shall be computed in the
same manner using the total assessed value shown on the
assessment roll as of January 1, 2020, being the assessment
roll applicable to property in such subarea as of January 1 of
preceding the effective date of this Ordinance 32-21.
Section 4: That portion of the taxes each year in excess of
the base period taxes for the Amended Project Area, determined
for each sub -area thereof as provided in Section 3 of this
Ordinance, shall be allocated to and when collected be paid
into the special tax increment fund previously established by
the City of Dubuque to pay the principal of and interest on
loans, monies advanced to, or indebtedness, whether funded,
refunded, assumed or otherwise, including bonds issued under
authority of Section 403.9 or Section 403.12 of the Code of
Iowa, incurred by the City of Dubuque, Iowa to finance or
refinance, in whole or in part, urban renewal projects
undertaken within the District pursuant to the Urban Renewal
Plan, except that taxes for the regular and voter -approved
physical plant and equipment levy of a school district imposed
pursuant to Section 298.2 of the Code of Iowa and taxes for
the instructional support program of a school district imposed
pursuant to Section 257.19 (but in each case only to the
extent required under Section 403.19(2)), taxes for the
payment of bonds and interest of each taxing district, and
taxes imposed under Section 346.77 (22) related to joint
county -city buildings, shall be collected against all taxable
property within the Amended Project Area without any
limitation as hereinabove provided.
Section 5: Unless or until the total assessed valuation of
the taxable property in the subareas of the Amended Project
Area exceeds the total assessed value of the taxable property
in said subareas 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 Amended Project
Area shall be paid into the funds for the respective taxing
districts as taxes by or for the taxing districts in the same
manner as all other property taxes.
Section 6: At such time as the loans, monies advanced,
bonds and interest thereon and indebtedness of the City of
Dubuque referred to in Section 4 hereof have been paid, all
monies thereafter received from taxes upon the taxable
property in the Amended Project 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 remove Subarea O from the division
of taxes under the provisions of Section 403.19 of the Code of
Iowa and to continue the division of taxes from taxable
property in the Amended Project Area under the provisions of
Section 403.19 of the Code of Iowa, as authorized in Ordinance
No. 22-21. 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
Amended Project Area and the subareas 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 20th day of September, 2021.
/s/Danny C. Sprank, Mayor Pro Tern
Attest: /s/Adrienne N. Breitfelder, City Clerk
Published officially in the Telegraph Herald newspaper on
the 24th day of September, 2021.
/s/Adrienne N. Breitfelder, City Clerk
It 9/24