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9 12 23 City Council Proceedings Official_SpecialCITY OF DUBUQUE, IOWA CITY COUNCIL PROCEEDINGS SPECIAL SESSION OFFICIAL The Dubuque City Council met in special session at 6:00 p.m. on September 12, 2023, in the second-floor Council Chambers of the Historic Federal Building, 350 W. 6th Street. Present: Mayor Cavanagh; Council Members Farber (Via Phone), Jones, Resnick, Sprank, Wethal; City Manager Van Milligen. Absent: Council Member Roussell Mayor Cavanagh read the call and stated this is a special session of the City Council called for the purpose of conducting such business that may properly come before the City Council. ITEMS SET FOR PUBLIC HEARING Motion by Jones to receive and file the documents, adopt the resolutions, and set the public hearings as indicated. Seconded by Sprank. Motion carried 6-0. 1. Development Agreement by and between the City of Dubuque, Iowa and Union at the Marina, LP: Upon motion the documents were received and filed and Resolution No. 302-23 (1) Approving the Minimum Requirements, Competitive Criteria, and Offering Procedures for the Development and the Sale of Certain Real Property and Improve- ments in the Greater Downtown Urban Renewal District; (2) Determining that the Offer to Purchase Submitted by Union at the Marina, LP Satisfies the Offering Requirements with Respect to the Real Property and Improvements and Declaring the Intent of the City Council to Approve the Sale to Union at the Marina, LP in the Event That No Other Qualified Competing Proposals Are Submitted; And (3) Soliciting Competing Proposals was adopted setting a public hearing for a meeting to commence at 6:30 p.m. on Octo- ber 16, 2023 in the Historic Federal Building. RESOLUTION NO. 302-23 RESOLUTION (1) APPROVING THE MINIMUM REQUIREMENTS, COMPETITIVE CRITERIA, AND OFFERING PROCEDURES FOR THE DEVELOPMENT AND THE SALE OF CERTAIN REAL PROPERTY AND IMPROVEMENTS IN THE GREATER DOWNTOWN URBAN RENEWAL DISTRICT; (2) DETERMINING THAT THE OFFER TO PURCHASE SUBMITTED BY UNION AT THE MARINA, LP SATISFIES THE OF- FERING REQUIREMENTS WITH RESPECT TO THE REAL PROPERTY AND IM- PROVEMENTS AND DECLARING THE INTENT OF THE CITY COUNCIL TO AP- PROVE THE SALE TO UNION AT THE MARINA, LP IN THE EVENT THAT NO OTH- ER QUALIFIED COMPETING PROPOSALS ARE SUBMITTED; AND (3) SOLICITING COMPETING PROPOSALS Whereas, the City Council of Dubuque, Iowa, did on May 1, 2023, adopt an Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District (“the Plan”) for the Urban Renewal Area described therein; and Whereas, the Plan provides, among other things, for the disposition of properties for private development purposes as a proposed economic development action; and Whereas, Union at the Marina, LP (“Developer”) has submitted to the City a proposal in the form of an offer to purchase (the “Development Agreement”) for the purchase of certain City-owned real property hereinafter described (“the Property”), which Develop- ment Agreement proposes the Developer will undertake the purchase of a parcel locat- ed at the corner of Hawthorne Street and Kerper Boulevard as described therein, which Property is the real estate consisting of approximately 2.54 acres shown on Exhibit A, and which Development Agreement requests that this Property be made available for sale as soon as practicable; and Whereas, in order to establish reasonably competitive bidding procedures for the dis- position of the Property in accordance with the statutory requirements of Iowa Code Chapter 403, specifically, Section 403.8, and to assure that the City extends a full and fair opportunity to all developers interested in submitting a proposal, a summary of submission requirements and minimum requirements and competitive criteria for the Property offering is included herein; and Whereas, said Developer has signed a Development Agreement with the City, cur- rently on file at the Office of the City Clerk; and Whereas, to recognize both the firm proposal for sale of the Property and improve- ments already received by the City in the form of the Development Agreement, as de- scribed above, and to give full and fair opportunity to other developers interested in submitting a proposal for the sale and development of the Property, this Council should by this Resolution: 1) Set the fair market value of the Property for uses in accordance with the Plan; 2) Approve the minimum requirements and competitive criteria included herein; 3) Approve as to form the Development Agreement; 4) Set a date for receipt of competing proposals and the opening thereof; 5) Declare that the proposal submitted by Developer satisfies the minimum re- quirements of the offering, and that in the event no other qualified proposal is time- ly submitted, that the City Council intends to accept such proposal and authorize the City Manager to sign the Development Agreement; 6) Approve and direct publication of a notice to advise any other person of the opportunity to compete for sale of the Property on the terms and conditions set forth herein; and 7) Declare that in the event another qualified proposal is timely submitted and accepted, another and future notice will be published on the intent of the City to enter into the resulting contract, as required by law; and Whereas, the City Council believes it is in the best interest of the City and the Plan to act as expeditiously as possible to sell the Property as set forth herein. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the Property shown on Exhibit A attached hereto, shall be offered for sale in accordance with the terms and conditions contained in this Resolution. Section 2. That it is hereby determined that in order to qualify for consideration for se- lection, any person must submit a proposal which meets these minimum requirements: 1) Contains an agreement to purchase the Property, shown on Exhibit A, at not less than fair market value, which for the purposes of this resolution is hereby de- termined to be Four Million Eighty-Two Thousand One Hundred Seventeen & 00/100 Dollars ($4,082,117.00); 2) Sets out or provides to the satisfaction of the City Council the experience of the principals and key staff who are directly engaged in the performance of con- tract obligations in carrying out projects of similar scale and character; and 3) Meets, at a minimum, the terms and conditions of the Development Agree- ment submitted by the Developer including an agreement to create 201 affordable residential rental units within 24 months of the Closing Date in the City of Dubu- que, Iowa. Section 3. That the Development Agreement by and between the City and the Devel- oper be and is hereby approved as to form for the purposes hereinafter stated. Section 4. That for the purpose of defining the offering of the Property for sale, said Development Agreement shall be deemed to be illustrative of the terms acceptable to the City Council with respect to: 1) Developer and City obligations; and 2) General terms and conditions. Section 5. That the Development Agreement submitted by the Developer satisfies the requirements of this offering and, in the event that no other qualified proposals are time- ly submitted, that the City Council intends to accept and approve the Development Agreement. Section 6. That it is hereby determined that the Developer possesses the qualifica- tions, financial resources, and legal ability necessary to purchase the Property shown on Exhibit A and to construct, manage and operate the site in the manner proposed by this offering in accordance with the Plan. Section 7. That the City Clerk shall receive and retain for public examination the at- tached Development Agreement submitted by the Developer and, in the event no other qualified proposals are timely submitted, shall resubmit the Development Agreement to the City Council for final approval and execution upon expiration of the notice hereinaf- ter prescribed. Section 8. That the action of the City Council be considered to be and does hereby constitute notice to all concerned of the intention of this Council, in the event that no other qualified proposals are timely submitted, to accept the proposal of the Developer to purchase the Property shown on Exhibit A and to approve the Development Agree- ment by and between City and Developer. Section 9. That the official notice of this offering and of the intent of the City, in the event no other qualified proposals are timely submitted, to approve the Development Agreement, shall be a true copy of this Resolution, but without the attachments referred to herein. Section 10. That the City Clerk is authorized and directed to secure immediate publi- cation of said official notice in the Telegraph Herald, a newspaper having a general cir- culation in the community, by publication of the text of this Resolution on or before the 15th day of September, 2023. Section 11. That written proposals for the sale of the Property shown on Exhibit A will be received by the City Clerk at or before 10:00 a.m., October 16, 2023 in the Office of the City Clerk, located on the first floor at City Hall, 50 West 13th Street, Dubuque, Iowa 52001. Each proposal will be opened at the hour of 10:00 a.m. in City Hall, Dubuque, Iowa on October 16, 2023. Said proposals will then be presented to the City Council at 6:30 p.m., October 16, 2023, at a meeting to be held in the City Council Chambers, His- toric Federal Building at 350 West 6th Street, Dubuque, Iowa. Section 12. That the method of offering the Property for sale as set forth herein is in substantial conformance with the provisions of Iowa Code Section 403.8, requiring rea- sonable competitive bidding procedures as are hereby prescribed and “fair value.” Section 13. That the required documents for the submission of a proposal shall be in substantial conformity with the provisions of this Resolution. Section 14. That the City Clerk is hereby nominated and appointed as the agent of the City of Dubuque, Iowa to receive proposals for the sale of the Property on that date and according to the procedure hereinabove specified for receipt of such proposals and to proceed at such time to formally acknowledge receipt of each of such proposal by noting the receipt of same in the Minutes of the Council; that the City Manager is hereby authorized and directed to make preliminary analysis of each such proposal for compli- ance with the minimum requirements established by this Council hereinabove. For each proposal that satisfies these requirements, the City Council shall judge the strength of the proposal by the competitive criteria established hereinabove. The City Council shall then make the final evaluation and selection of the proposals. Section 15. If, and only if, competing proposals are received and determined by the Council to meet the minimum requirements described herein, the Developer shall be allowed to amend its proposal in response thereto and to deliver same to the City Man- ager, by no later than a date determined by the City Council. In such event, the Council shall schedule a subsequent meeting to be held by the City Manager at which there shall be a bid-off conducted by the City Manager. During such bid-off, each competing bidder shall bid against the other, starting with the second proposal received and con- tinuing until such time as each bidder shall decline to improve its proposal to acquire and redevelop the Property shown on Exhibit A in response to the last bid of the other bidder or bidders. The period of time to be allowed for such bid -off shall be determined by the City Manager. The rules of such bid-off shall be as determined by the City Man- ager at or before such bid-off period and shall be absolute. Section 16. That in the event another qualified proposal is timely submitted and ac- cepted by the City, another and further notice shall be published of the intent of the City of Dubuque, Iowa, to enter into the resulting agreement, as required by law. Passed, approved, and adopted this 12th day of September, 2023. Brad M. Cavanagh, Mayor Attest: Trish L. Gleason, Assistant City Clerk There being no further business, Mayor Cavanagh declared the meeting adjourned at 6:02 p.m. /s/Trish L. Gleason, Assistant City Clerk