Downtown Urban Renewal District
Planning Services Department
City Hall
50 West 13th Street
Dubuque, Iowa 52001-4864
(563) 589-4210 office
(563) 589-4221 fax
(563) 690-6678 TDD
planning@cityofdubuque.org
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March 22, 2004
The Honorable Mayor and City Council Members
City of Dubuque
City Hall- 50 W. 13th Street
Dubuque IA 52001
RE:
Review and Comment on Urban Renewal Plan for the Greater Downtown
Urban Renewal District
Dear Mayor and City Council Members:
The City of Dubuque Long Range Planning Advisory Commission has reviewed the
above-cited request. The staff report and related materials are attached for your
review.
Discussion
Economic Development Department Associate Planner Pamela Myhre spoke in favor
of the request. Ms. Myhre noted the consistency of the proposal with the City's
Comprehensive Plan.
There were no public comments.
The Long Range Planning advisory Commission discussed the request, noting that the
Urban Renewal Plan for the Greater Downtown Urban Renewal District is consistent
with the Comprehensive Plan.
Recommendation
By a vote of 4 to 0, the Long Range Planning Advisory Commission finds the proposal
is consistent with the Comprehensive Plan, and recommends City Council adoption.
A simple majority vote is needed for the City Council to approve the request.
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Respectfully submitted,
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David Wm. Rusk, Chairperson
Long Range Planning Advisory Commission
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Attachments
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Pamela Myhre, Associate Planner
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People
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CITY OF DUBUQUE, IOWA
MEMORANDUM
March 10, 2004
RE:
Long Range Planning Advisory Commission
Pamela Myhre, Economic Development Planner--
Review and Comment on Urban Renewal Plan for the Greater Downtown
Úrban Renewal District
TO:
FROM:
Introduction
The Long Range Planning Advisory Commission is requested to review the attached
Urban Renewal Plan and to comment on its conformance with the general plan for the
community. The proposed Plan merges the existing Plans for the Downtown Dubuque
and Ice Harbor Urban Renewal Districts.
Background
Iowa Urban Renewal law states that, prior to the approval of an Urban Renewal Plan by
the local governing body, a city's planning commission must be given an opportunity to'
review and comment upon the "plan as to its conformity with the general plan for the
development of the municipality as a whole." Section 36-7(7) of the Code of
Ordinances of the City of Dubuque assigns this duty to the Long Range Planning
Advisory Commission.
The Commission does not approve or deny the urban renewal plan but reviews the plan
and submits written recommendations with respect to its conformance with the general
plan. By State law, the planning commission has 30 days in which to forward its
comments to the City Council. The Council has set the public hearing on the plan for
April 19,2004.
Discussion
The proposed Urban Renewal Plan merges two existing urban renewal districts - the
Downtown Dubuque Urban Renewal District and the Ice Harbor Urban Renewal District.
The two existing districts are already adjoining and no new property is being added to
the combined district. The recent Downtown Master Plan process included the
riverfront area in its planning for the 'greater' downtown. The City has purposely urged
the merger of downtown and riverfront as a unified whole that functions through
interdependent physical, social and economic relationships. A new Greater Downtown
Urban Renewal District will create a greater whole and allow more flexibility in the use
of tax increment financing in the larger district for both public and private development
and redevelopment activities.
There are few substantive changes in the proposed Plan. The Objectives, Public
Purpose Activities and Development and Redevelopment Requirements from the two
original plans have been combined in the proposed Plan. No additional Development
and Redevelopment Requirements are being proposed and no property is identified for
acquisition.
The Proposed Amount of Indebtedness has combined the amounts from the two
original districts and increased that amount by $20 million. Recent public activities in
the Ice Harbor District accounted for approximately $20 million in expenditures, which
substantially reduced the debt capacity for the district. The proposed $75 million cap
should provide sufficient resources for redevelopment activities in the larger, combined
district for the foreseeable future and provides a wider property base to support new
projects. . .
The Downtown Dubuque Urban Renewal District was originally designated as a "slum
and blight" district and has never had a sunset date. The Ice Harbor Urban Renewal
District was also designated as a "slum and blight" district, but that plan was voluntarily
limited to a 30-year duration. The proposed Plan merging the two districts states that
the "Plan shall continue in effect until terminated by action of the City Council."
Recommendation
Staff encourages the Long Range Planning Advisory Commission to support the efforts
of the City to provide additional financial resources to the greater downtown area to aid
in the revitalization of the downtown and riverfront areas. Staff believes that the
proposed Plan will further key values found in the City's Comprehensive Plan
supporting development and redevelopment.
Action Step
The action step for the Long Range Planning Advisory Commission is to transmit its
recommendations as to the conformity of the proposed Urban Renewal Plan for the
Greater Downtown Urban Renewal District with the City's adopted Comprehensive Plan
to the City Council prior to the April 19, 2004 public hearing.
attachment
cc:
Michael Van Milligen, City Manager
Laura Carstens, City Planner
William Baum, Economic Development Director
F: IUSERSIPm}h reI WPDOCSIURlgrea!erd\M1twn .Ilr. doc
A. INTRODUCTION
This URBAN RENEWAL PLAN ("the Plan") has been prepared to provide for the
merger of two existing Urban Renewal Districts and to stimulate, through public
actions, financing and commitments, private investment within the combined
area, to be known as the Greater Downtown Urban Renewal District ("the
District"). In order to achieve this objective, the City of Dubuque shall undertake
the urban renewal actions specified in this Plan, pursuant to the P9wers granted
to it under Chapter 403 of the Iowa Code, Urban Renewal Law, and Chapter 15A
of the Iowa Code.
This Plan is a merger of the Downtown Dubuque Urban Renewal District Urban
Renewal Plan, originally established by Resolution 123-67 by the City Council of
the City of Dubuque, Iowa on May 18,1967 and subsequently amended by
Resolution 79-71 on March 15, 1971, by Resolution 73-74 on March 11, 1974, by
Resolution 107-82 on May 3,1982, by Resolution 191-84 on June 25,1984, by
Resolution 371-93 on December 6, 1993, by Resolution 145-94 on May 2,1994,
by Resolution 479-97 on November 17,1997, by Resolution 476-98 on October
19,1998 and by Resolution 187-02 on April 1, 2002 and the Ice Harbor Urban
Renewal District Urban Renewal Plan, originally established by Resolution 403-
89 ofthe City Council of the City of Dubuque, Iowa on December 18,1989 and
subsequently amended and restated by Resolution 241-00 on June 5,2000 and
by Resolution 114-02 on March 4, 2002 ("the Merged Districts").
This Plan shall serve as a new urban renewal plan for the Merged Districts
described herein. The Plan shall be viewed as a single plan for purposes of
fulfilling the objectives of the Plan.
B. JUSTIFICATION FOR THE DESIGNATION
The City Council of the City of Dubuque, Iowa has determined that the following
blighting conditions, as defined by Chapter 403 of the Iowa Code, Urban Renewal
Law, exist within the District:
.. Undeveloped and underdeveloped land;
" A preponderance of deteriorated, dilapidated and obsolete public and
private improvements;
.. A faulty lot layout in relation to the size, adequacy and usefulness of the
lots;
.. Fragmented property ownership patterns;
.. A lack of public utilities; and
.. An inadequate street layout.
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TABLE OF CONTENTS
A. INTRODUCTION
B. JUSTIFICATION FOR THE DESIGNATION
C. OBJECTIVES OF THE PLAN
D. DISTRICT BOUNDARIES
E. PUBLIC PURPOSE ACTIVITIES
F. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS
1. LAND USE
2. PLANNING AND DESIGN CRITERIA
G. LAND ACQUISITION AND DISPOSITION
H. RELOCATION REQUIREMENTS
I. FINANCING ACTIVITIES
J. STATE AND LOCAL REQUIREMENTS
K. DURATION OF APPROVED URBAN RENEWAL PLAN
L. SEVERABILITY
M. AMENDMENT OF APPROVED URBAN RENEWAL PLAN
N. ATTACHMENTS
Page 1
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Page 5
Page 5
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URBAN REN EW AL PLAN
Greater Downtown Urban Renewal District
(A merger of the Downtown Dubuque and Ice Harbor Urban Renewal Districts)
City of Dubuque, Iowa
This Urban Renewal Plan provides for the merger of the Downtown Urban Renewal
Area Project Number Iowa R-15, originally established by Resolution 123-67 by the
City Council of the City of Dubuque, Iowa on May 18, 1967 and subsequently
amended and restated by Resolution 79-71 on March 15, 1971, by Resolution 73-
74 on March 11,1974, by Resolution 107-82 on May 3, 1982, by Resolution 191-84
on June 25,1984, by Resolution 371-93 on December 6, 1993, by Resolution 145-
94 on May 2, 1994, by Resolution 479-97 on November 17, 1997, by Resolution
476-98 on October 19, 1998 and by Resolution 187-02 on April 1,2002, with the Ice
Harbor Urban Renewal District, originally established by Resolution 403-89 of the
City Council of the City of Dubuque, Iowa on December 18, 1989 and subsequently
amended and restated by Resolution 241-00 on June 5, 2000 and by Resolution
114-02 on March 4, 2002.
Prepared by the Economic Development Department
March 2004
The Council has declared by Resolution of Necessity No. 86-04 on March 1,
2004 that these factors have substantially impaired and arrested the sound
growth of the City of Dubuque and of the area comprising the Merged Districts.
C. OBJECTIVES OF THE PLAN
The primary OBJECTIVES of the Plan are:
1. The creation of a thriving central business and riverfront district with
a compatible mix of viable commercial/retail, office, financial, residential,
cultural, recreational and educational activities;
2. The development of an adequate support system for new and
expanding river-related tourism activities;
3. The conservation, restoration, renovation or rehabilitation of the
historic and architectural character of the District through the
establishment of design standards to ensure cohesive and compatible
development and redevelopment, the use of appropriate construction
techniques, the coordinated administration of appropriate code
enforcement efforts and the maximization of all available financial and
technical resources;
4. The creation of a safe, healthy and attractive physical environment
through the construction or installation of necessary infrastructure and
other public improvements or actions supportive of the District;
5. The creation of a safe, efficient, and attractive circulation system
for both pedestrian and vehicular traffic;
6. The development of additional and improved parking opportunities
in the District supportive of the businesses located within its boundaries
and which accommodate the needs of its residents;
7. The creation of financial incentives necessary to encourage private
investment and reinvestment in the District;
8. The creation and retention of quality employment opportunities in
the District; and
9.
The expansion of the existing property tax base of the District.
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D. DISTRICT BOUNDARIES
The District is located within the City of Dubuque, County of Dubuque, State of
Iowa. The District includes fIVe separate subareas that have resulted from prior
expansions of the Merged Districts: the Town Clock Subarea, the Old Main
Subarea, the Upper Main Subarea, the Ice Harbor Subarea A and Ice Harbor
Subarea B. Despite this subdivision of the District, this Plan shall be viewed as a
single plan and shall be applied to all subareas for purposes of fulfilling the
objectives of the Plan. .
The boundaries of each subarea are as follows:
1. The Town Clock Subarea of the District shall include that area
generally bounded on the North by Ninth Street but also including the
Iowa Inn property and the public parking lot known as Parking Lot Number
1 located between 9th and 10th Streets east of Iowa Street, on the West
by Locust Street including City Lots 623 and 624 (Dubuque Museum of
Art), on the South by Fourth Street, and on the East by Central Avenue,
including all public rights-of-way.
2. The Old Main Subarea of the District shall include that area
generally bounded on the North by Fourth Street, on the West by Locust
Street, on the South by the Locust Street Connector and on the East by
the U.S. Highway 151/61 right-of-way, including all public rights-of-way.
3. The UDDer Main Subarea of the District shall include that area
generally bounded on the North by Fourteenth Street, on West by Locust
Street, on the South by the Town Clock Subarea and on the East by
Central Avenue, including all public rights-of-way.
4. Ice Harbor Subarea A of the District shall include that area
generally bounded on the north by the public alley located between the
vacated Fourth Street and Third Street, on the west by the Chicago,
Central and Pacific Railroad right-of-way, on the south by East First Street
and on the east by the municipal limits of the City of Dubuque, Iowa and
including any adjoining public right-of-way.
5. Ice Harbor Subarea B of the District shall include that area
generally bounded on the north and west by the Chicago, Central and
Pacific Railroad right-of-way, on the south by the northerly boundary of
Subarea A and on the east by the municipal limits of the City of Dubuque
(excluding Lot 1 Adams Co.'s 2nd Addition) and including any adjoining
public right-of-way.
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The boundaries of the District and the subareas are delineated on the URBAN
RENEWAL DISTRICT map (Attachment A).
The City of Dubuque reserves the right to 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.
E. PUBLIC PURPOSE ACTIVITIES
To meet the OBJECTIVES of this Plan, the City of Dubuque is prepared to
initiate and support development and redevelopment of the District through the
following PUBLIC PURPOSE ACTIVITIES:
1. Pre-development planning, including but not limited to activities
such as appraisals, architectural and engineering studies, environmental
assessment and remediation, and feasibility analysis;
2. Provision of technical support to property owners, businesses and
organizations in support and furtherance of the Plan;
3. Use of tax increment financing, loans, grants and other appropriate
financial tools in support of eligible public and private conservation,
preservation, development and redevelopment efforts including the
adaptive re-use of existing structures and code compliance;
4. Preparation of property for conservation, preservation,
rehabilitation, development and redevelopment purposes;
5. Development and implementation of a program for the repair,
restoration, and renovation of historic buildings and related improvements;
6. Improvement, installation, construction and reconstruction of public
facilities and improvements including but not limited to structured parking
facilities, other parking facilities, streets, alleys, utilities, convention
facilities, Riverwalk and Harborwalk improvements and amenities, boat
docks, dredging and other river-related improvements;
7. Improvement, installation, construction and reconstruction of other
public improvements including but not limited to the relocation of overhead
utility lines, installation of street lights, construction of public rest rooms
and water fountains, installation of benches and other streetscape
amenities, landscaping and signage;
8.
Acquisition of property through negotiation or eminent domain for
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public improvements or private development and redevelopment
purposes;
Disposition of land through sale or lease;
9.
10.
Relocation or elimination of existing private improvements;
11.
Relocation or elimination of existing railroad spur lines;
12. Demolition and clearance of deteriorated, obsolescent and blighting
structures and other improvements not found to be of historical or
architectural significance, including but not limited to site preparation for
redevelopment purpose$; and
13. Enforcement of applicable local, state and federal laws, codes and
regulations;
Public purpose activities are limited to those areas delineated on the PUBLIC
PURPOSE ACTIVITY AREA map (Attachment B).
All public purpose activities shall be conditioned upon and shall meet the
restrictions and limitations placed upon the District by the Plan.
F. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS
The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall
apply to any and all District properties the preservation, conservation,
development and/or the redevelopment of which is assisted by the City through
any of the PUBLIC PURPOSE ACTIVITIES listed above.
1.
LAND USE:
a. Town Clock Subarea: The intent of this Plan is to promote the
preservation, conservation, development and redevelopment of a
functional, attractively developed environment to further existing office,
financial, commercial/retail, cultural, educational, personal and
professional services and residential activities within the Town Clock
Subarea.
The continued development and enhancement of those land uses
permitted within the Downtown Commercial Business District (C-4), the
Business District (C-5) and the Office Residential (OR) zones of the City
of Dubuque's Zoning Ordinance are encouraged.
5
LAND USE maps (Attachments C-1 and C-2) identify the existing and the
proposed land uses within the Town Clock Subarea.
b. Old Main Subarea: The intent of this Plan is to promote private
investment and reinvestment in a variety of commercial/retail,
entertainment and residential uses while furthering existing
commercial/retail, personal and professional services, entertainment and
residential activities within the Old Main Subarea.
The continued development and enhancement of those land uses
permitted within the Downtown Commercial Business District (C-4) and
Business District (C-5) zones ofthe City of Dubuque's Zoning Ordinance
~re encouraged.
LAND USE maps (Attachments C-3 and C-4) identify the existing and the
proposed land uses within the Old Main Subarea.
c. Upper Main Subarea: The intent of this Plan is to promote the
preservation, conservation, development and redevelopment of this
downtown neighborhood of residential, office and commercial/retail uses.
The continued development and enhancement of those land uses
permitted within the Downtown Commercial Business District (C-4), the
Business District (C-5), the Office Residential (OR) and Office Service
(OS) zones of the City of Dubuque's Zoning Ordinance are encouraged.
LAND USE maps (Attachments C-5 and C-6) identify the existing and the
proposed land uses within the Upper Main Subarea.
d. Ice Harbor Subareas A and B: The intent of this plan is to
encourage a mix of residential, commercial/retail, recreational and
educational uses in these Subareas. An adopted Planned Unit
Development ordinance shall regulate land uses and zoning in the Ice
Harbor Subareas A and B.
LAND USE maps (Attachments C-7 and C-8) identify the existing and the
proposed land uses within the Ice Harbor Subareas A and B.
2.
PLANNING AND DESIGN CRITERIA:
a. Town Clock. Old Main and Upper Main Subareas: The planning
and design criteria to be used to guide the physical development and
redevelopment of the Town Clock, Old Main and Upper Main Subareas
are those standards and guidelines contained within the City of Dubuque's
Zoning Ordinance and other applicable local, state and federal codes and
6
ordinances subject to the conditions contained in this subsection.
b. Ice Harbor Subareas A and B: The planning and design criteria to
be used to guide the physical development and redevelopment of the Ice
Harbor Subareas A and B shall be the Port of Dubuque Master Plan
Design Standards attached hereto as Attachment D.
c. Historic Preservation Commission Review: Additionally, the
Secretary of the Interior's Standards for Rehabilitation and .Guidelines for
Rehabilitating Histõric Structures shall be used to guide the exterior
modifications of historic and architecturally significant properties financed
in whole or in part by the City of Dubuque and the improvement,
i[lstallation, construction or reconstruction of public improvements in the
District. Said projects shall be reviewed by the Historic Preservation
Commission for compliance with the above referenced standards.
d. Off-Premise Sianaç¡e: No off-premise signage shall be allowed in
the Ice Harbor Subareas A and B.
e. Overhead Utilitv Lines: No new overhead utility lines shall be
installed within the District where underground placement is feasible.
G. 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 Acauisition: The City may acquire property for private development
or redevelopment by contractual agreement or by right of eminent domain. The
City reserves the right to acquire, by negotiation or eminent domain, property
rights required for the construction or reconstruction of streets and public utilities,
or any other public facility or improvement. No properties are identified for
acquisition in this Plan.
2. Land Disposition: Publicly held land 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 and redevelopers 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 and redevelopers will be required by contractual agreement to
7
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.
H. RELOCATION REQUIREMENTS
Relocation assistance in accordance with applicable provisions of Chapter 316 of
the Iowa Code, Highway Relocation Assistance Law, will be provided in the
event that an existing business or residence is displaced by publicly supported
development or redevelopment activities.
I. FINANCING ACTIVITIES
To meet the OBJECTIVES of this Plan and to encourage the development and
redevelopment of the District and private investment therein, the City of Dubuque
is prepared to provide financial assistance to qualified industries, businesses and
housing developers through the making of loans or grants under Chapter 15A of
the low¡:¡ Code and through the use of tax increment financing under Chapter
403 of the Iowa Code.
1. Chapter 15A Loan or Grant: The City of Dubuque has determined that
the making of loans or grants of public funds to qualified industries, businesses
and housing developers 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 entities. Alternatively, the City may determine to use available funds for
the making of such loans or grants. In determining qualifICations of recipients
and whether to make any such individual 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 FinancinQ: 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 Section E of this Plan. Bonds 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).
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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 public improvements 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 tñan they would have if this Plan were not implemented.
Tax increment financing will provide a long-term payback in overall increased tax
baseJor 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 any of the public improvements, amenities and
facilities contemplated by the Plan within the District, including pre-
development planning, environmental assessment and remediation,
feasibility analysis and engineering costs;
. c. Acquisition, installation, maintenance and replacement of public
improvements throughout the District including but not limited to street
lights, benches, landscaping, appropriate signage and rest rooms;
d. Acquisition of land andlor buildings and preparation of same for
sale to private developers, including any "write down" of the sale price of
the land andlor building;
e. Preservation, conservation, development or redevelopment of
buildings or facilities within the District to be sold or leased to qualifying
for-profit and not-for-profit organizations, developers and businesses;
f. Loans or grants to qualified entities under Chapter 15A of the Iowa
Code, including 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.
9
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, will not
exceed $75,000,000. Current indebtedness is approximately $39,000,000.
At the time of adoption of this Plan, the City of Dubuque's current general
obligation debt is $25,670,000 (a list of obligations is found as Attachment E)
and the applicable constitutional debt limit is $121,793,282.
J. 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.
K. DURATION OF APPROVED URBAN RENEWAL PLAN
This Plan shall continue in effect until terminated by action of the City Council, but in
no event before the City of Dubuque has received full reimbursement from all
incremental taxes of its advances and principal and interest payable on all Tax
Increment Financing or general obligations issued to carry out the OBJECTIVES of
the Plan.
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.
L. SEVERABILITY
In the event one or more provisions contained in this Plan shall be held for any
10
reason to be invalid, illegal, unauthorized or unenforceable in any respect, such
invalidity, illegality, unauthorization or unenforceability shall not affect any other
provision ofthis Plan and this Urban Renewal shall be construed and implemented
as if such provision had never been contained herein.
M. 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, Urban Renewal Law. Any change effecting any property or
contractual right can be effectuated only in accordance with applicable state and
local law.
N. ATTACHMENTS
The following attachments are a part of this Plan:
A
Urban Renewal District Map, with Subareas
B
Public Activity Area Map
C
Land Use Maps
C-1 Town Clock Subarea Existing Land Use Map
C-2 Town Clock Subarea Proposed Land Use Map
C-3 Old Main Subarea Existing Land Use Map
C-4 Old Main Subarea Proposed Land Use Map
C-5 Upper Main Existing Land Use Map
C-6 Upper Main Proposed Land Use Map
C-7 Ice Harbor Subareas A and B Existing Land Use Map
C-8 Ice Harbor Subareas A and B Proposed Land Use Map
D
Port of Dubuque Master Plan Design Standards
E
List of Current General Obligation Debt
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Summary of Bonded Indebtedness. Fiscal Year 2004.2005
Date Net Amount Principal Principal Interest Principal Year of
DescrIption of Interest of OutstandIng Due Due Outstanding Final
Issue Rate Issue July 1,2004 7/1/04.6/30/05 7/1/04-6/30/05 June 30, 2005 Payment
.eneral Obligation Bonds 1
Essential Corporate Purpose 07-01-95 4.7349% 2,000,000 250,000 250,000 12,250 2005
Essential Corporate Purpose 2 06-01-00 5.8896% 2,750,000 2,470,000 100,00d 143,429 2,370,000 2020
Essential Corporate Purpose 3 11-01-00 5.2215% 6,265,000 5,620,000 240.000 288,883 5,380,000 2020
Essential Corparete Purpose 4 12-27-01 4.6892% 9,500,000 9,500,000 670,000 425,081 8,830,000 2021
Essential Corporate Purpose 4 01-09-02 4.7251% 2,860,000 2,895,000 115,000 121,833 2.580,000 2021
Essantlal Corporate Purpose 5 04-26.02 4.7348% 1,000,000 945,000 40,000 42,535 905,000 2021
Essential Corporate Purpose 6 12.01-02 3.8187% 2,500,000 2,185,000 140,000 80,543 2,045,000 2017
Essential Corporate Purpose 7 10.15.03 4.2750% 2,110,000 2,005,000 80,000 79,748 1,925,000 2023
Tota/ General Oblillatlon Sonds 28,985,000 25,870,000 1,635,000 1,194,060 24,035,000
evenue Bonds
Parking - 5th Street Ramp 04-01-98 4.6854 2,515,000 1,350,000 200,000 62,525 1,150,000 2010
Tota/Re"."ue<80nds 2,515,000 1,350,000 200,000 82,525 1,150,000
ox Incrom'ht
Advenced Data Comm Properties 04-18-99 6.0% 900,000 689,984 89,206 38,861 580,778 2011
Cartegraph (HorlzonIDucarte,LLC) 12-01-99 8.8% 360,000 271,851 34,818 23,182 237,033 2011
Eegle Window (Otto A, LLC) 02.15-00 9.1% 3,168,538 2,738,560 245,478 243,809 2,493,083 2015
Total Tax Inc,..,mont Sonds 4,428,538 3,680,395 389.501 305,871 3,310,894
'ther Loans. Revenue Backed
Water Line To Site B 07-01-97 Internal Loan 597,945 414,146 35,793 22,778 377,354 2012
Dubuque County 8 02-25-02 No Interest 40,000 40,000 40,000 2005
Total Other Lns.Rev Sacked 637,945 454,148 78,793 22,778 377,354
'otal City Indebtedness 38,588,483 31,154,541 2,281,293 1,585,254 28,873,248
1 $40,982 of the annuel debt service for the 1983/1984 Issue Is abated with Airport revenue. The abatement schedule was developed by the AIrport Commission to provide
20 years tor repayment (abatement) on 10 year bond issues,
2 Parkln9 revenue-backed G.O. issue
3 $5,800,000 TIF revenue backed G.O. Issue (Parking Ramp) and $665,000 Airport hangers rental backed G.O. issue.
4 America's River Project paid from 25% 9amlng revenues reserved for CIP.
5 Downtown TIF backed G.O.lssue (Main Street Project).
8 Water revenue-backed G.O. issue (Water Main & Water Tower)
7 Stormwater fee backed G.O. Issue
8 Law Enforcement Center Fiber Optic
Attachment E