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Greater Downtown Urban Renewal District_South Bluff Street Subarea_HearingMasterpiece on the Mississippi Dubuque hikd All-America City 111 r 2007 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District DATE: March 2, 2011 Economic Development Director Dave Heiar recommends City Council approval of the Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District. The amendment of this district would expand the district to include the area known as the South Bluff Street Area. I concur with the recommendation and respectfully request Mayor and City Council approval. L-- Micha C. Van Milligen MCVM:jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager David J. Heiar, Economic Development Director Masterpiece on the Mississippi DATE: February 18, 2011 TO: Michael C. Van Milligen, City Manager FROM: David J. Heiar, Economic Development Director SUBJECT: Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District Dubuque All-America City 2007 Introduction The purpose of this memorandum is to forward for City Council review and approval of the Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District. The proposed amendment of this district would expand the district to include area known as the South Bluff Street Area. The Plan and Resolution adopting the Plan are attached. Background On January 18, 2011, the City Council approved a Resolution of Necessity finding that the proposed expansion area was a blighted area and appropriate for urban renewal activities. Staff has prepared an Amended and Restated Urban Renewal Plan for the area as per the directive of the City Council. A consultation process was conducted with the affected taxing entities as required by State Law. The required consultation with affected taxing bodies was held on February 18, 2011. No objections were received. The Plan was reviewed by the Long Range Planning Commission on February 16, 2011. The Long Range Planning Commission has forwarded its recommendation to the City Council affirming that the Plan is consistent with the City's Comprehensive Plan for development. Discussion The amendments to the Urban Renewal Plan will expand the district to include the South Bluff Street area (see Attachment A of the Urban Renewal Plan for a map). The amendment would provide this area access to the tools and incentives available to urban renewal district properties, including tax increment financing and the Downtown Rehabilitation Loan Program. Recommendation I recommend that the attached resolution adopting Amended and Restated Urban Renewal Plan be approved to support reinvestment efforts in the district Action Step The Action Step for the City Council is to review and approve the resolution to adopt the Amended and Restated Greater Downtown Urban Renewal Plan. attachments F: \USERS\Econ De■\Urban Renewal \Greater Downtown UR District\2011.1 Amendment\20110218 Adopt 2011.1 GD UR Plan memo.doc Prepared By: David Heiar ED Director City of Dubuque 50 W. 13 St. Dubuque, IA 52001 (563) 589 -4393 Return To: David Heiar ED Director City of Dubuque 50 W. 13 St. Dubuque, IA 52001 (563) 589 -4393 • RESOLUTION NO. 86 -11 A RESOLUTION APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN FOR THE GREATER DOWNTOWN URBAN RENEWAL DISTRICT. Whereas, on January 18, 2011 the City Council of the City of Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal Plan (the "Plan ") for the Greater Downtown Urban Renewal District (the "District "); and Whereas, the City of Dubuque's primary objective in amending this Plan is to provide opportunities for further redevelopment and reinvestment in the downtown; and Whereas, the Long Range Planning Commission has reviewed the proposed Plan and has found that said document is consistent with the Comprehensive Plan for the development of the City of Dubuque as a whole and has transmitted its findings to the City Council; and Whereas, a consultation process has been undertaken with affected taxing entities in accordance with Chapter 403 of the Code of Iowa with no written objections or recommended changes to the Plan received; and Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa, has held a public hearing on the proposed amended and restated Plan after public notice thereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District, attached hereto and made reference to herein, be approved. Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and directed to file a certified copy of the Resolution in the office of the Dubuque County Recorder. Passed, approved and adopted this 7 day of March, 2011. Att eanne F. Schneider City Clerk Roy D. Buol Mayor F: \USERS \Econ Dev \Urban Renewal \Greater Downtown UR District\2011.1 Amendment\20110307 GD UR 2011.1 Adopt Resolution.doc Prepared by: Return to: Aaron DeJong, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589 -4393 Jeanne Schneider, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589 -4121 AMENDED and RESTATED URBAN RENEWAL PLAN Greater Downtown Urban Renewal District (A merger of the Downtown Dubuque and Ice Harbor Urban Renewal Districts) City of Dubuque, Iowa This Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District is a result of 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. The Plan resulting from that merger was later amended by Resolution 170 -04 on April 19, 2004, by Resolution 391 -06 on August 21, 2006, by Resolution 108 -07 on February 20 2007, by Resolution 597 -07 on December 17, 2007, by Resolution 300 -08 on September 2, 2008, by Resolution 393 -09 on October 5, 2009, by Resolution 26 -10 on July 10, 2010, and by Resolution on , 2011. Prepared by the Economic Development Department Version 2011.1 TABLE OF CONTENTS A. INTRODUCTION 3 B. JUSTIFICATION FOR THE DESIGNATION 3 C. OBJECTIVES OF THE PLAN 4 D. DISTRICT BOUNDARIES 4 E. PUBLIC PURPOSE ACTIVITIES 10 F. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS 11 1. LAND USE- 12 2. PLANNING AND DESIGN CRITERIA: 14 G. LAND ACQUISITION AND DISPOSITION 14 H. RELOCATION REQUIREMENTS 15 I. FINANCING ACTIVITIES 15 J. STATE AND LOCAL REQUIREMENTS 17 K. DURATION OF APPROVED URBAN RENEWAL PLAN 17 L. SEVERABILITY 17 M. AMENDMENT OF APPROVED URBAN RENEWAL PLAN 17 N. ATTACHMENTS 18 2 A. INTRODUCTION This AMENDED AND RESTATED URBAN RENEWAL PLAN ( "the Plan ") has been prepared to update the objectives and public purpose activities intended to stimulate, through public actions, financing and commitments, private investment within the combined area 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 powers granted to it under Chapter 403 of the Iowa Code, Urban Renewal Law, and Chapter 15A of the Iowa Code. This Plan is a result of the 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 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 ( "the Merged Districts "). The Plan for the merged districts was further amended by Resolution 170 -04 on April 19, 2004, by Resolution 391- 06 on August 21, 2006, by Resolution 180 -07 on February 20 2007, by Resolution 597- 07 on December 17, 2007, by Resolution 300 -08 on September 2, 2008, by Resolution 393 -09 on October 5, 2009, by Resolution 26 -10 on July 19, 2010, and by Resolution on March 7, 2011. 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 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. The Council has declared by Resolution of Necessity No. 21 -11 on January 18, 2011 that these factors have substantially impaired and arrested the sound growth of the City of Dubuque and of the area comprising the District. 3 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 and public infrastructure 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 renovation and rehabilitation of historic buildings, 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 and attractions located within its boundaries and which accommodate the needs of its residents, employees and visitors; 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. D. DISTRICT BOUNDARIES The District is located within the City of Dubuque, County of Dubuque, State of Iowa. The District includes twelve separate subareas that have resulted from prior urban renewal plans and expansions of the same within the District: the Town Clock Subarea, the Old Main Subarea, the Upper Main Subarea, the Ice Harbor Subarea A, Ice Harbor Subarea B, Ice Harbor Subarea C, Warehouse Subarea, South Main Subarea, the South Port Subarea, the Cable Car Subarea, the Bluff Street Subarea, and the South Bluff Street Subarea. 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. 4 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 but including City Lots 623 and 624 (Dubuque Museum of Art), the Locust Street Parking Ramp between 8 and 9 Streets, and the former U.S. Federal Building located on the City Lots 139, 140, 101, & 102, & N 54'6" OF CITY LOTS 103 & 138, 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 Upper Main Subarea of the District shall include that area generally bounded on the North by Fourteenth Street, on the West by Locust Street but including City Lots658A, 659, 660, and the balance of City Lots 658 (Carnegie -Stout Public Library), on the South by the northerly boundary of the Town Clock Subarea and on the East by Central Avenue, and 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 including any adjoining public right -of -way. 6. Ice Harbor Subarea C of the District shall include Lot 1 in Adams Company's 2nd Addition, in the City of Dubuque, Iowa including any adjoining public right -of -way. 7. Warehouse Subarea of the District shall include that area generally bounded by the following description: Commencing as a point of reference at the intersection of the centerlines of 11th Street and Central Avenue in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; Thence northeasterly along the centerline of 11th Street to a point of intersection with the centerline of White Street; Thence northwesterly along the centerline of White Street to a point of intersection with the centerline of 12th Street; Thence northeasterly along the centerline of 12th Street and extension thereof to a point of intersection with the centerline of US Highways 151 and 61; Thence southwesterly along the centerline of US Highways 151 and 61 to a point of intersection with the centerline of 4th Street extended; Thence southwesterly along the 5 centerline of 4th Street and extension thereof to a point of intersection with the centerline of Central Avenue; Thence northwesterly along the centerline of Central Avenue to a point of intersection with the centerline of 9th Street; Thence southwesterly along the centerline of 9th Street to a point of intersection with the westerly line of City Lot 259 extended southerly; Thence northwesterly along the westerly line of City Lot 259, and Lots 1 and 2 of the Subdivision of the South 1 /2 of City Lot 261 and City Lot 260 to the southwest corner of the N 1 /2 of City Lot 261; Thence northeasterly along the southerly line of the N % of City Lot 261 and extension thereof to a point of intersection with the centerline of Central Avenue; Thence northwesterly along the centerline of Central Avenue to a point of intersection of 11th Street also being point of beginning. 8. South Main Subarea of the District shall include that area generally bounded by the following description: Commencing as a point of reference at a point of intersection of the centerline of Locust Street with the Locust Street Connector in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; Thence northeasterly along the centerline of the Locust Street Connector to a point of intersection with the centerline of US Highways 52, 61, and 151; Thence southeasterly along the centerline of US Highways 52, 61, and 151 to a point of intersection with the centerline of the eastern section of Jones Street extended southwesterly; Thence southwesterly along said extension of the centerline of the eastern section of Jones Street to a point of intersection with the centerline of Main Street; Thence northwesterly along the centerline of Main Street to a point of intersection with the centerline of Jones Street; Thence northwesterly along the centerline of Jones Street to a point of intersection with the easterly line of Lot 2D of vacated Shields Street extended northerly; Thence southeasterly along the easterly line of Lot 2D of vacated Shields Street to the southeasterly corner of said Lot 2D; Thence southwesterly along the southerly lines of Lot A and Lot 2D of vacated Shields Street and Lot 1 of 2 of City Lot 543 extended westerly to a point of intersection with the centerline of Locust Street; Thence northeasterly along the centerline of Locust Street to a point of intersection with the centerline of the Second Street Connector, also being the point of beginning. 9. South Port Subarea of the District shall include that area generally bounded by the following description: Beginning at a point of reference at the northwest corner of lot 2AA of Cooper Wagon Works Block in the City of Dubuque, Dubuque County Iowa, said pint being on the southerly right of way line of East First Street; Thence southeasterly along the southerly right of line of East First Street and extension thereof to the municipal limits of the City of Dubuque; Thence southerly along said municipal limits to a point of intersection with the southern right of way line of Railroad Ave. extended easterly; Thence southwesterly along said right of way line extension there to the southeast corner of lot A, Block 15 Dubuque Harbor Company's Addition; Thence northwesterly along the easterly line of said Lot A to the northerly right of way line of Railroad Ave., and south line of lot 1 of 5 of Block 27 Dubuque Harbor Company's Addition; Thence northwesterly along the westerly lines of lots 1 of 5, 1 of 4, 1 of 3, 1 of 2 and 1 of 1 of said Block 27 to the south line of lot 4A of said Block 17; Thence westerly to the easterly right of way line of vacated Water Street; Thence northwesterly along said easterly line to the southwesterly corner of lot 2 of said Block 17; Thence westerly along the extension of the southerly line of said Lot 2 to the westerly line of Vacated Water Street; Thence southeasterly along said westerly right of way line to the 6 southerly corner of lot 2 of Block 18 of Dubuque Harbor Company's Addition; Thence northwesterly along the westerly line of said lot 2 to a point of intersection with the southerly right of way line of vacated Charter St; Thence southwesterly along said right of way line and extension thereof the centerline of South Main Street; Thence northwesterly along said centerline to the northerly line of lot 5, Block 13 Dubuque Harbor Company's Addition extended northeasterly; Thence southwesterly along said line to the easterly line of lots 7 and 8 of said Block 13; Thence southeasterly along the easterly lines of said Tots 7 & 8 and extension thereof to the centerline of Charter Street; Thence southwesterly along said centerline to the centerline of Salina Street; Thence northwesterly along said centerline to the northerly line of lot 1 of 3 of Block C of Industrial Sub. No. 1 extended northeasterly; Thence southwesterly along the northerly lines of said lot 1 of 3 and Lot 2 of said Block C extended to the westerly right of way line of Harrison St.; Thence northerly along the easterly line of the West Part of Lot 1 of 1 of 1 of 1 of P.J. Seippel Lumber Company Place; Thence westerly along the southerly lines of lots 1 of 1 of 2 of 1 and Lot 2 of 1 of 2 of 1 and extension thereof to the centerline of relocated South Locust St; Thence northerly along said centerline to the centerline of Dodge St; Thence easterly along said centerline of Dodge Street to a point of intersection with the westerly line of Lot E of vacated Shields Street extended southerly; Thence northerly along said westerly line to the northwest corner of said lot E; Thence easterly along the north line of said lot E and Lot 6 Block 11 of Dubuque Harbor Company's Addition and extension thereof to the centerline of Main Street; Thence southeasterly along the centerline of Main St. to the centerline of Dodge Street; Thence easterly along the centerline of Dodge St to the intersection of Highway 61/151; Thence northwesterly along said centerline to a point of intersection with the southerly right of way line of East First Street; Thence southeasterly along said right of way line to the point of beginning. 10. Cable Car Subarea of the District shall include that area generally bounded by the following description: Commencing as a point of reference at the intersection of the centerlines of Second Street and Locust Street in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; Thence southeasterly along the centerline of Locust Street to a point of intersection with the centerline of First Street; Thence southwesterly along the centerline of First Street to a point of intersection with the centerline of Bluff Street; Thence northwesterly along the centerline of Bluff Street to a point of intersection with the centerline of Emmett Street; Thence southwesterly along the centerline of Emmett Street to a point of intersection with the centerline of St. Mary's Street; Thence northwesterly along the centerline of St. Mary's Street and to a point of intersection with the northerly line of Cathedral Center extended southwesterly; Thence northeasterly along the northerly line of Cathedral Center to a point of intersection with the westerly right of way line of Bluff Street; Thence northwesterly along said westerly right of way line of Bluff Street and extension thereof to a point of intersection with the centerline of Third Street; Thence southwesterly along the centerline of Third Street to a point of intersection with the westerly line of Lot 1 of the East 78 ft. of the South 100 ft. of Lot 4 of City Lot 692 extended southerly; Thence northwesterly along said westerly line to a point of intersection with the southerly line of Fenelon Point Subdivision; Thence northeasterly along said southerly line to a point of intersection with the westerly line of Lot 2 of 2 of City Lot 692;Thence northwesterly along said westerly line and westerly line of Lot 1 of 2 of City Lot 692 to a point of intersection with the southerly right of way line of W. Fourth Street; 7 Thence northeasterly across W. Fourth Street to the southwest corner of Lot 1 of Evan's Place, said point also being on the northerly right of way line of W. Fourth Street; Thence northwesterly along the west line of said Lot 1 to the southeast corner of Lot 34 of Cooper Heights Addition; Thence continuing northwesterly along the easterly line of Lots 34, 35, 36 and 37 of Cooper Heights Addition to a point of intersection with the southerly right of way line of W. Fifth Street; Thence northeasterly to a point of intersection in the centerline of W. Fifth Street approximately 270 feet southwesterly of the centerline of Bluff Street; Thence northwesterly along the centerline of W. Fifth Street to a point of intersection with the southerly line of Coriell's Dubuque also being the northerly right of way line of W. Fifth Street; Thence northeasterly along said right of way line of W. Fifth St. to the southwest corner of Lot 1 of City Lot 690;Thence northwesterly along the westerly line of said Lot 1 to the northwest corner of said Lot 1;Thence northeasterly along the northerly line of said Lot 1 to the northeast corner of said Lot 1;Thence southeasterly along the easterly line of said Lot 1 to a point of intersection with the northerly line of the south 62.5 ft. of the north 64 ft. of City lot 617;Thence northeasterly along said northerly line and extension thereof to a point of intersection with the centerline of Bluff Street; Thence southeasterly along the centerline of Bluff Street to a point of intersection with the northerly line of the south 10 ft. of City Lot 138 extended southwesterly; Thence northeasterly along said northerly line and northerly line of the south 10 ft. of the south 34.6 ft. of City Lot 103 and extension thereof to a point of intersection with the centerline of Locust Street; Thence southeasterly along the centerline of Locust Street to a point of intersection with the centerline of Second Street, said point being the point of beginning. 11. Bluff Street Subarea of the District shall include that area generally bounded by the following description: Commencing as a point of reference at the intersection of the centerlines of W. Sixth Street and Bluff Street in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; thence southeasterly along the centerline of Bluff Street to a point of intersection with the northerly line of the south 62.5 ft. of the north 64 ft. of City Lot 617 extended southeasterly; thence southwesterly along said northerly line to the easterly line of Lot 1 of City Lot 690; thence northwesterly along the easterly line of said Lot 1 to the northeast corner of said Lot 1; thence southwesterly along the northerly line of said Lot 1 to the northwest corner of said Lot 1; thence southeasterly along the westerly line of said Lot 1 to a point of intersection with northerly right of way line of W. Fifth Street; thence southwesterly along said right of way line of W. Fifth St. to the southeast corner of the South 73' of Lot 13 of Coriell's Dubuque; thence northwesterly 73' along the easterly line of said South 73' of Lot 13 of Coriell's Dubuque to the northeast corner of the South 73' of Lot 13 of Coriell's Dubuque; thence southwesterly along the northerly line of said South 73' of Lot 13 of Coriell's Dubuque to a point of intersection with westerly line of Lot 13 of Coriell's Dubuque; thence northwesterly along said westerly line of Lot 13 to a point of intersection with the southerly line of Lot 33 of Coriell's Dubuque; thence northeasterly along said southerly line of Lot 33 to a point of intersection with the westerly line of Lot 14 of Coriell's Dubuque' thence northwesterly along said westerly line of said Lot 14 to a point of intersection with the southerly line of Lot 34 of Coriell's Dubuque; thence northeasterly along said southerly line of Lot 34 to the easterly line of Coriell's Dubuque; thence northwesterly along said easterly line Lots 34, 35, 36, 37, 38, and 44 of Coriell's Dubuque to the northwest corner of the North 50' of Lot 1 of Lot 1 of City Lot 653; thence northeasterly along the northerly line of said North 50' of Lot 1 of Lot 1 of City Lot 8 653 to the southeast corner of Lot 1 of McKinlay's Subdivision; thence northwesterly along said easterly line of said Lot 1 and extension thereof to a point of intersection with the centerline of West Eighth Street; thence northwesterly along said centerline of West Eighth Street to a point of intersection with the westerly line of Lot 1 of the Subd'n. of City Lot 688 and part of City Lot 654 extended southerly; thence northwesterly along said westerly line of Lot 1 and extension thereof northerly to a point of intersection with the centerline of West Ninth Street; thence southwesterly along the centerline of West Ninth Street to a point of intersection with the southerly extension of the westerly line of Lot 2 of Lot 12 of Central Addition; thence northwesterly along said westerly right of Lot 2 of Lot 12 to the northwest corner of said Lot; thence northeasterly along the northerly line of said Lot 2 of Lot 12 to the northeast corner of said Lot; thence southeasterly along said easterly line of said Lot 2 of Lot 12 to the southwest corner of Lot 1 of Lot 11 of Central Addition; thence northeasterly along the southerly line of Lot 1 of Lot 11 and Lot 1 of Lot 10 of Central Addition to a point of intersection with the westerly line of Lot 1 of Lot 9 of Central Addition; thence northwesterly along said westerly line of Lot 1 of Lot 9 to a point of intersection with the southerly right of way line of a public alley in Central Addition; thence northeasterly along said southerly line to a point of intersection with the westerly line of Lot 1 of 1 of 10 of Lorimer's Subdivision; thence northwesterly along said westerly line of said Lot 1 of 1 of 10 to the northerly line of Lorimer's Subdivision; thence northeasterly along the northerly line of Lorimer's Subdivision to the southeast corner of a public alley between Corkery's Subdivision and City Lot 655; thence northwesterly along the easterly right of way line of said alley to a point of intersection with West Eleventh Street; thence southwesterly along centerline of West Eleventh Street to a point of intersection with the centerline of Grove Terrace; thence northwesterly along centerline of Grove Terrace to a point of intersection with the northerly right of way line of Arlington Street; thence northeasterly along the northerly right of way line of Arlington Street to the southeast corner of City Lot 769B; thence northwesterly along the easterly line of said City Lot 769B to a point of intersection with the southerly line of Lot 3 of Brown's Subdivision; thence southwesterly along the southerly line of said Lot 3 to the southwest corner of said lot; thence northwesterly along the westerly line of said Lot 3 and extension thereof to a point of intersection with the centerline of Loras Boulevard; thence northeasterly along said centerline to a point of intersection with the centerline of Locust Street; thence southeasterly along the centerline of Locust Street to a point of intersection with the centerline of W. Eleventh Street; thence southwesterly along the centerline of W. Eleventh Street to a point of intersection with the centerline of Bluff Street; thence southeasterly along the centerline of Bluff Street to a point of intersection with the extension of the southerly line of City Lot 658A; thence northeasterly along the southerly line of City Lot 658A extended and the southerly line of City Lot 658, except the southerly one foot thereof, extended to a point of intersection with the centerline of Locust Street; thence southeasterly along the centerline of Locust Street to a point of intersection with the centerline of West Ninth Street; thence southwesterly along the centerline of West Ninth Street to a point of intersection with the centerline of Bluff Street; thence southeasterly along the centerline of Bluff Street to a point of intersection with the centerline of West Eighth Street; thence northeasterly along the centerline of West Eighth Street to a point of intersection with the centerline of Locust Street; thence southeasterly along the centerline of Locust Street to a point of intersection with the northerly line of City Lot 624 extended northeasterly; thence southwesterly along the northerly line of City Lot 624 extended southeasterly to the centerline of a public alley; 9 thence southeasterly along the centerline of a public alley to a point of intersection with the centerline of W. Seventh Street; thence northeasterly along the centerline of W. Seventh Street to a point of intersection with Locust Street; thence southeasterly along the centerline of Locust Street to a point of intersection with West Sixth Street; thence southwesterly along the centerline of West Sixth Street to a point of intersection with Bluff Street said point being the point of beginning. 12. South Bluff Street Subarea of the district shall include that area generally bounded by the following description: Commencing as a point of reference at the intersection of the centerlines of Emmett Street and Bluff Street in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; thence southeasterly along the centerline of Bluff Street to a point of intersection with the centerline W. First Street; thence southwesterly along the centerline W. First Street to the centerline of Bluff Street; thence southwesterly along the centerline of Bluff Street to a point of intersection with the centerline Dodge Street; thence southwesterly along the centerline Dodge Street to a point of intersection with the easterly line of Lot 3 of City Lot 694 extended southeasterly; thence northwesterly along the easterly line of said Lot 3 of City Lot 694 and Lot 1 -1 and 2 -1 of City Lot 694 to the southwest corner of Lot 1 -2 of City Lot 694; thence northeasterly along said southerly line of said Lot 1 -2 of City Lot 694 to the southeast corner of said Lot; thence northwesterly along said easterly line of Lot 1 -2 of City Lot 694 to a point of intersection with the southerly line of Lot 12 of Saint Raphael's Addition; thence northeasterly along said southerly line of said Lot 12 and extension thereof to the centerline of St. Mary's Street; thence northwesterly along the centerline of St. Mary's Street to a point of intersection with the centerline of Emmett St.; thence northeasterly along the centerline of Emmett St. to centerline of Bluff Street, said point being point of beginning. The boundaries of the District and the subareas are delineated on the URBAN RENEWAL DISTRICT map (Attachment A; on file at the Dubuque City Clerks Office). 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; 10 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, and the rehabilitation, restoration, and renovation of historic buildings for public and governmental uses, including the Carnegie Stout Public Library, the former U.S. Federal Building, and the former Kephardt's Building; 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 public improvements or private development and redevelopment purposes; 9. Disposition of land through sale or lease; 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 purposes; 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; on file at the Dubuque City Clerks Office). 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 11 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. LAND USE maps (Attachments C -1 and C -2; on file at the Dubuque City Clerks Office) 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 of the City of Dubuque's Zoning Ordinance are encouraged. LAND USE maps (Attachments C -3 and C -4; on file at the Dubuque City Clerks Office) 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; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Upper Main Subarea. d. Ice Harbor Subareas A, B, and C: 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 12 Ice Harbor Subareas A, B and C. LAND USE maps (Attachments C -7 and C -8; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Ice Harbor Subareas A, B, and C. e. Warehouse 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. LAND USE maps (Attachments C -9 and C -10; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Warehouse Subarea. f. South 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. LAND USE maps (Attachments C -11 and C -12; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the South Main Subarea. g. South Port Subarea: The intent of this plan is to encourage a mix of residential, commercial /retail, recreational and educational uses in this Subarea. An adopted Planned Unit Development ordinance shall regulate land uses and zoning in a portion of the Subarea. LAND USE maps (Attachments C -13 and C -14; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the South Port Subarea. h. Cable Car 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. LAND USE maps (Attachments C -15 and C -16; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Cable Car Subarea. i. Bluff Street 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. LAND USE maps (Attachments C -17 and C -18; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Bluff Street Subarea. j. South Bluff Street 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. LAND USE maps (Attachments C -19 and C -20; on file at the Dubuque City Clerks Office) 13 identify the existing and the proposed land uses within the South Bluff Street Subarea. 2. PLANNING AND DESIGN CRITERIA: a. Town Clock, Old Main, Upper Main, Warehouse, South Main, Cable Car, Bluff Street, and South Bluff Street Subareas: The planning and design criteria to be used to guide the physical development and redevelopment of the Town Clock, Old Main, Upper Main, Warehouse, South Main, Bluff Street, and South Bluff Street Subareas are those standards and guidelines contained within the City of Dubuque's Zoning Ordinance and other applicable local, state and federal codes and ordinances subject to the conditions contained in this subsection. b. Ice Harbor Subareas A, B, C and South Port: The planning and design criteria to be used to guide the physical development and redevelopment of the Ice Harbor Subareas A, B, C and South Port shall be the Port of Dubuque Master Plan Design Standards attached hereto as Attachment D, which is on file at the Dubuque City Clerks Office. c. Historic Preservation Commission Review: Additionally, the Secretary of the Interior's Standards for Rehabilitation and Guidelines for Rehabilitating Historic 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, installation, 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 Signage: No off - premise signage shall be allowed in the Ice Harbor Subareas A and B. e. Overhead Utility 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 Acquisition: 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 14 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 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 Iowa 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 Financing: The City of Dubuque is prepared to utilize tax increment financing as a means of financing eligible costs incurred to implement the Public Purpose Activities identified in 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). 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 15 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 Tess 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 any of the eligible costs incurred by the City in connection with any of the Public Purpose Activities described in Section E of this Plan, including but not limited to the following: a. Planning and administration of the Plan; b. Construction of any of the public improvements, amenities and facilities described in Section E of this Plan or otherwise 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 and /or buildings and preparation of same for sale to private developers, including any "write down" of the sale price of the land and /or building; e. Preservation, conservation, development or redevelopment of buildings or 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. 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. 16 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 $130,000,000. At the time of adoption of this Plan, the City of Dubuque's current general obligation debt is $ 95,918,516 (a list of obligations is found as Attachment E) and the applicable constitutional debt limit is $174,325,144, for the Fiscal Year starting July 1, 2011. 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 for 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 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. 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. 17 N. ATTACHMENTS The following attachments are a part of this Plan and are on file at the Dubuque City Clerks Office: 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 Subarea Existing Land Use Map C -6 Upper Main Subarea Proposed Land Use Map C -7 Ice Harbor Subareas Existing Land Use Map C -8 Ice Harbor Subareas Proposed Land Use Map C -9 Warehouse Subarea Existing Land Use Map C -10 Warehouse Subarea Proposed Land Use Map C -11 South Main Subarea Existing Land Use Map C -12 South Main Subarea Proposed Land Use Map C -13 South Port Subarea Existing Land Use Map C -14 South Port Subarea Proposed Land Use Map C -15 Cable Car Subarea Existing Land Use Map C -16 Cable Car Subarea Proposed Land Use Map C -17 Bluff Street Subarea Existing Land Use Map C -18 Bluff Street Subarea Proposed Land Use Map C -19 South Bluff Street Subarea Existing Land Use Map C -20 South Bluff Street Subarea Proposed Land Use Map D Port of Dubuque Master Plan Design Standards E List of Current General Obligation Debt F: \USERS \Eton Dev \Urban Renewal \Greater Downtown UR District\2010.1 Amendment\2010.1 Greater Downtown Urban Renewal Plan.doc 18 Greater Downtown Urban Renewal District Version 2011.1 Attachment A )1 inch = 900 feet District Subareas Bluff Street Subarea Cable Car Subarea Ice Harbor Subarea A Ice Harbor Subarea B Ice Harbor Subarea C Old Main Subarea South Bluff Subarea South Main Subarea South Port Subarea Town Clock Subarea Upper Main Subarea VVarehouse Subarea Greater Downtown Urban Renewal District South Bluff Subarea Current Land Use Map Attachment C -19 1 inch = 150 feet Two - Family Residential (R -2) Mod. Density Multi - Family Residential _(R -3) Office Residential (OR) Office Service (OS) Greater Downtown Urban Renewal District South Bluff Subarea Future Land Use Map Attachment C -20 1 inch = 150 feet Two - Family Residential (R -2) Mod. Density Multi - Family Residential _(R -3) Office Residential (OR) Office Service (OS) Greater Downtown Urban Renewal District Version 2011.1 District Subareas Bluff Street Subarea Cable Car Subarea Ice Harbor Subarea A Ice Harbor Subarea B Ice Harbor Subarea C Old Main Subarea South Bluff Subarea South Main Subarea South Port Subarea Town Clock Subarea Upper Main Subarea Warehouse Subarea Planning Services Department City Hall 50 West 13th Street Dubuque, IA 520014864 (563) 589 -4210 phone (563) 5894221 fax (563) 589 -6678 TDD planning@cityofdubuque.org The Honorable Mayor and City Council City of Dubuque 50 W.13 Street Dubuque, IA 52001 RE: Greater Downtown Urban Renewal District Expansion — South Bluff Street Subarea Dear Mayor and City Council Members: Introduction On February 16, 2011, the Long Range Planning Advisory Commission reviewed the proposed expansion of the Greater Downtown Urban Renewal District to add the South Bluff Street Subarea. The proposal, staff reports, and related materials are enclosed. Discussion At the Commission meeting, Aaron DeJong, Assistant Economic Development Director, reviewed that the amendment will provide the South Bluff Street Subarea with access to the financial tools and incentives available in the Greater Downtown Urban Renewal District. Laura Carstens, Planning Services Manager, reviewed the zoning and character of the South Bluff Street Area and noted the consistency of the proposal to the Land Use and Urban Design, Transportation, Economic Development and Housing Elements of the Comprehensive Plan. The Commission reviewed the primary objectives of the Greater Downtown Urban Renewal District, and discussed the benefits of the proposed expansion. They noted it is consistent with the Comprehensive Plan. Recommendation By a vote of 7 -0, the Long Range Planning Advisory Commission recommends approval of the Greater Downtown Urban Renewal District expansion to add the South Bluff Street Subarea as it is consistent with the 2008 Dubuque Comprehensive Plan. Respectfully submitted, Jim Prochaska, Chairperson Long Range Planning Advisory Commission Enclosures cc: Michael Van Milligen, City Manager David Heiar, Economic Development Director Masterpiece on the Mississippi February 24, 2011 • Masterpiece on the Mississippi Dubuque All-America Icy 1 1 1 C 2007 TO: Long Range Planning Advisory Commission FROM: Laura Carstens, Planning Services Manager SUBJECT: Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District DATE: February 16, 2011 Introduction The proposed amendment to the Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District would add the South Bluff Street Subarea. The subarea can be seen in Attachment A of the enclosed Urban Renewal Plan provided by the Economic Development Department. Discussion • One of the roles of the Long Range Planning Advisory Commission is to review urban renewal plans and any amendments for consistency with the Comprehensive Plan. The proposed amendment will provide the South Bluff Street Subarea with access to the financial tools and incentives available in the Greater Downtown Urban Renewal District. Planning Services Staff has reviewed the primary objectives of the Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District. Staff finds the objectives are consistent with the 2008 Dubuque Comprehensive Plan, with greatest relevance to the Land Use and Urban Design, Transportation, Economic Development and Housing Elements. Recommendation Staff recommends the Long Range Planning Advisory Commission recommend approval of the Amended & Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District which adds the South Bluff Street Subarea, as the proposed amendment is consistent with the 2008 Dubuque Comprehensive Plan. Enclosures cc: Aaron DeJong, Assistant Economic Development Director Masterpiece on the Mississippi TO: FROM: SUBJECT: DATE: Long Range Planning Advisory Commission Aaron M. DeJong, Assistant Economic Development Director Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District February 3, 2011 Dubuque kiftill Au-AnaiicaCftr I 2007 Introduction The purpose of this memorandum is to forward for Long Range Planning Advisory Commission review and approval the Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District. The proposed amendment of this district would expand the district to include the South Bluff Street area. The Plan and Resolution adopting the Plan are attached. Background On January 18, 2011, the City Council approved a Resolution of Necessity finding that the proposed expansion area was a blighted area and appropriate for urban renewal activities. Staff has prepared an Amended and Restated Urban Renewal Plan for the area as per the directive of the City Council. A consultation process will be conducted with the affected taxing entities as required by State Law. The required consultation with affected taxing bodies will be held on February 18 ,2010. Discussion The amendments to the Urban Renewal Plan will expand the district to include the South Bluff Street area. These amendments would provide the expanded area access to the tools and incentives available to urban renewal district properties, including tax increment financing and the Downtown Rehabilitation Loan Program. City Council public hearing on the amended and restated Urban Renewal Plan will be scheduled for March 7, 2010. The public notice will be published 4 to 20 days prior to the meeting to allow for the appropriate reporting requirements. Recommendation I recommend that the attached Amended and Restated Urban Renewal Plan be approved to support reinvestment efforts in the district Action Step The Action Step for the Long Range Planning Advisory Commission is to review and approve the changes to the attached Urban Renewal Plan. attachments F: \USERS\Econ Dev \Urban Renewal \Greater Downtown UR District\2011.1 Amendment\20110203 LRPC GD 2011.1 memo.doc Prepared By: David Heiar ED Director City of Dubuque 50 W. 13 St. Dubuque, IA 52001 (563) 589 -4393 Return To: David Heiar ED Director City of Dubuque 50 W. le St. Dubuque, IA 52001 (563) 589 -4393 RESOLUTION NO. A RESOLUTION APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN FOR THE GREATER DOWNTOWN URBAN RENEWAL DISTRICT. Whereas, on January 18, 2011 the City Council of the City of Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal Plan (the "Plan ") for the Greater Downtown Urban Renewal District (the "District "); and Whereas, the City of Dubuque's primary objective in amending this Plan is to provide opportunities for further redevelopment and reinvestment in the downtown; and Whereas, the Long Range Planning Commission has reviewed the proposed Plan and has found that said document is consistent with the Comprehensive Plan for the development of the City of Dubuque as a whole and has transmitted its findings to the City Council; and Whereas, a consultation process has been undertaken with affected taxing entities in accordance with Chapter 403 of the Code of Iowa with no written objections or recommended changes to the Plan received; and Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa, has held a public hearing on the proposed amended and restated Plan after public notice thereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District, attached hereto and made reference to herein, be approved. Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and directed to file a certified copy of the Resolution in the office of the Dubuque County Recorder. Passed, approved and adopted this 7 day of March, 2011. Attest: Jeanne F. Schneider City Clerk Roy D. Buol Mayor F: \USERS \Econ Dev \Urban Renewal \Greater Downtown UR District\2011.1 Amendment\20110307 GD UR 2011.1 Adopt Resolution.doc Prepared by. Return to: Aaron DeJong, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589 -4393 Jeanne Schneider, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589 -4121 AMENDED and RESTATED URBAN RENEWAL PLAN Greater Downtown Urban Renewal District (A merger of the Downtown Dubuque and Ice Harbor Urban Renewal Districts) City of Dubuque, Iowa This Amended and Restated Urban Renewal Plan for the Greater Downtown Urban Renewal District is a result of 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. The Plan resulting from that merger was later amended by Resolution 170 -04 on April 19, 2004, by Resolution 391 -06 on August 21, 2006, by Resolution 108 -07 on February 20 2007, by Resolution 597 -07 on December 17, 2007, by Resolution 300 -08 on September 2, 2008, by Resolution 393 -09 on October 5, 2009, by 26 -10 on July 10, 2010, and by Resolution on , 2011. Prepared by the Economic Development Department Version 2010.1 TABLE OF CONTENTS A. INTRODUCTION 3 B. JUSTIFICATION FOR THE DESIGNATION 3 C. OBJECTIVES OF THE PLAN 4 D. DISTRICT BOUNDARIES 4 E. PUBLIC PURPOSE ACTIVITIES 10 F. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS 11 1. LAND USE. 12 2. PLANNING AND DESIGN CRITERIA: 14 G. LAND ACQUISITION AND DISPOSITION 14 H. RELOCATION REQUIREMENTS 15 I. FINANCING ACTIVITIES 15 J. STATE AND LOCAL REQUIREMENTS 17 K. DURATION OF APPROVED URBAN RENEWAL PLAN 17 L. SEVERABILITY 17 M. AMENDMENT OF APPROVED URBAN RENEWAL PLAN 17 N. ATTACHMENTS 18 2 A. INTRODUCTION This AMENDED AND RESTATED URBAN RENEWAL PLAN ( "the Plan ") has been prepared to update the objectives and public purpose activities intended to stimulate, through public actions, financing and commitments, private investment within the combined area 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 powers granted to it under Chapter 403 of the Iowa Code, Urban Renewal Law, and Chapter 15A of the Iowa Code. This Plan is a result of the 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 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 ( "the Merged Districts "). The Plan for the merged districts was further amended by Resolution 170 -04 on April 19, 2004, by Resolution 391- 06 on August 21, 2006, by Resolution 180 -07 on February 20 2007, by Resolution 597- 07 on December 17, 2007, by Resolution 300 -08 on September 2, 2008, by Resolution 393 -09 on October 5, 2009, by Resolution 26 -10 on July 19, 2010, and by Resolution on 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 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. The Council has declared by Resolution of Necessity No. 21 -11 on January 18, 2011 that these factors have substantially impaired and arrested the sound growth of the City of Dubuque and of the area comprising the District. 3 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 and public infrastructure 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 renovation and rehabilitation of historic buildings, 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 and attractions located within its boundaries and which accommodate the needs of its residents, employees and visitors; 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. D. DISTRICT BOUNDARIES The District is located within the City of Dubuque, County of Dubuque, State of Iowa. The District includes twelve separate subareas that have resulted from prior urban renewal plans and expansions of the same within the District: the Town Clock Subarea, the Old Main Subarea, the Upper Main Subarea, the Ice Harbor Subarea A, Ice Harbor Subarea B, Ice Harbor Subarea C, Warehouse Subarea, South Main Subarea, the South Port Subarea, the Cable Car Subarea, the Bluff Street Subarea, and the South Bluff Street Subarea. 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. 4 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 but including City Lots 623 and 624 (Dubuque Museum of Art), the Locust Street Parking Ramp between 8 and 9 Streets, and the former U.S. Federal Building located on the City Lots 139, 140, 101, & 102, & N 54'6" OF CITY LOTS 103 & 138, 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 Upper Main Subarea of the District shall include that area generally bounded on the North by Fourteenth Street, on the West by Locust Street but including City Lots658A, 659, 660, and the balance of City Lots 658 (Carnegie -Stout Public Library), on the South by the northerly boundary of the Town Clock Subarea and on the East by Central Avenue, and 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 including any adjoining public right -of -way. 6. Ice Harbor Subarea C of the District shall include Lot 1 in Adams Company's 2nd Addition, in the City of Dubuque, Iowa including any adjoining public right -of -way. 7. Warehouse Subarea of the District shall include that area generally bounded by the following description: Commencing as a point of reference at the intersection of the centerlines of 11th Street and Central Avenue in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; Thence northeasterly along the centerline of 11th Street to a point of intersection with the centerline of White Street; Thence northwesterly along the centerline of White Street to a point of intersection with the centerline of 12th Street; Thence northeasterly along the centerline of 12th Street and extension thereof to a point of intersection with the centerline of US Highways 151 and 61; Thence southwesterly along the centerline of US Highways 151 and 61 to a point of intersection with the centerline of 4th Street extended; Thence southwesterly along the 5 centerline of 4th Street and extension thereof to a point of intersection with the centerline of Central Avenue; Thence northwesterly along the centerline of Central Avenue to a point of intersection with the centerline of 9th Street; Thence southwesterly along the centerline of 9th Street to a point of intersection with the westerly line of City Lot 259 extended southerly; Thence northwesterly along the westerly line of City Lot 259, and Lots 1 and 2 of the Subdivision of the South 1 /2 of City Lot 261 and City Lot 260 to the southwest corner of the N / of City Lot 261; Thence northeasterly along the southerly line of the N %2 of City Lot 261 and extension thereof to a point of intersection with the centerline of Central Avenue; Thence northwesterly along the centerline of Central Avenue to a point of intersection of 11th Street also being point of beginning. 8. South Main Subarea of the District shall include that area generally bounded by the following description: Commencing as a point of reference at a point of intersection of the centerline of Locust Street with the Locust Street Connector in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; Thence northeasterly along the centerline of the Locust Street Connector to a point of intersection with the centerline of US Highways 52, 61, and 151; Thence southeasterly along the centerline of US Highways 52, 61, and 151 to a point of intersection with the centerline of the eastern section of Jones Street extended southwesterly; Thence southwesterly along said extension of the centerline of the eastern section of Jones Street to a point of intersection with the centerline of Main Street; Thence northwesterly along the centerline of Main Street to a point of intersection with the centerline of Jones Street; Thence northwesterly along the centerline of Jones Street to a point of intersection with the easterly line of Lot 2D of vacated Shields Street extended northerly; Thence southeasterly along the easterly line of Lot 2D of vacated Shields Street to the southeasterly corner of said Lot 2D; Thence southwesterly along the southerly lines of Lot A and Lot 2D of vacated Shields Street and Lot 1 of 2 of City Lot 543 extended westerly to a point of intersection with the centerline of Locust Street; Thence northeasterly along the centerline of Locust Street to a point of intersection with the centerline of the Second Street Connector, also being the point of beginning. 9. South Port Subarea of the District shall include that area generally bounded by the following description: Beginning at a point of reference at the northwest corner of lot 2AA of Cooper Wagon Works Block in the City of Dubuque, Dubuque County Iowa, said pint being on the southerly right of way line of East First Street; Thence southeasterly along the southerly right of line of East First Street and extension thereof to the municipal limits of the City of Dubuque; Thence southerly along said municipal limits to a point of intersection with the southern right of way line of Railroad Ave. extended easterly; Thence southwesterly along said right of way line extension there to the southeast corner of lot A, Block 15 Dubuque Harbor Company's Addition; Thence northwesterly along the easterly line of said Lot A to the northerly right of way line of Railroad Ave., and south line of lot 1 of 5 of Block 27 Dubuque Harbor Company's Addition; Thence northwesterly along the westerly lines of Tots 1 of 5, 1 of 4, 1 of 3, 1 of 2 and 1 of 1 of said Block 27 to the south line of lot 4A of said Block 17; Thence westerly to the easterly right of way line of vacated Water Street; Thence northwesterly along said easterly line to the southwesterly corner of lot 2 of said Block 17; Thence westerly along the extension of the southerly line of said Lot 2 to the westerly line of Vacated Water Street; Thence southeasterly along said westerly right of way line to the 6 southerly corner of lot 2 of Block 18 of Dubuque Harbor Company's Addition; Thence northwesterly along the westerly line of said lot 2 to a point of intersection with the southerly right of way line of vacated Charter St; Thence southwesterly along said right of way line and extension thereof the centerline of South Main Street; Thence northwesterly along said centerline to the northerly line of lot 5, Block 13 Dubuque Harbor Company's Addition extended northeasterly; Thence southwesterly along said line to the easterly line of lots 7 and 8 of said Block 13; Thence southeasterly along the easterly lines of said lots 7 & 8 and extension thereof to the centerline of Charter Street; Thence southwesterly along said centerline to the centerline of Salina Street; Thence northwesterly along said centerline to the northerly line of lot 1 of 3 of Block C of Industrial Sub. No. 1 extended northeasterly; Thence southwesterly along the northerly lines of said lot 1 of 3 and Lot 2 of said Block C extended to the westerly right of way line of Harrison St.; Thence northerly along the easterly line of the West Part of Lot 1 of 1 of 1 of 1 of P.J. Seippel Lumber Company Place; Thence westerly along the southerly lines of lots 1 of 1 of 2 of 1 and Lot 2 of 1 of 2 of 1 and extension thereof to the centerline of relocated South Locust St; Thence northerly along said centerline to the centerline of Dodge St; Thence easterly along said centerline of Dodge Street to a point of intersection with the westerly line of Lot E of vacated Shields Street extended southerly; Thence northerly along said westerly line to the northwest corner of said lot E; Thence easterly along the north line of said lot E and Lot 6 Block 11 of Dubuque Harbor Company's Addition and extension thereof to the centerline of Main Street; Thence southeasterly along the centerline of Main St. to the centerline of Dodge Street; Thence easterly along the centerline of Dodge St to the intersection of Highway 61/151; Thence northwesterly along said centerline to a point of intersection with the southerly right of way line of East First Street; Thence southeasterly along said right of way line to the point of beginning. 10. Cable Car Subarea of the District shall include that area generally bounded by the following description: Commencing as a point of reference at the intersection of the centerlines of Second Street and Locust Street in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; Thence southeasterly along the centerline of Locust Street to a point of intersection with the centerline of First Street; Thence southwesterly along the centerline of First Street to a point of intersection with the centerline of Bluff Street; Thence northwesterly along the centerline of Bluff Street to a point of intersection with the centerline of Emmett Street; Thence southwesterly along the centerline of Emmett Street to a point of intersection with the centerline of St. Mary's Street; Thence northwesterly along the centerline of St. Mary's Street and to a point of intersection with the northerly line of Cathedral Center extended southwesterly; Thence northeasterly along the northerly line of Cathedral Center to a point of intersection with the westerly right of way line of Bluff Street; Thence northwesterly along said westerly right of way line of Bluff Street and extension thereof to a point of intersection with the centerline of Third Street; Thence southwesterly along the centerline of Third Street to a point of intersection with the westerly line of Lot 1 of the East 78 ft. of the South 100 ft. of Lot 4 of City Lot 692 extended southerly; Thence northwesterly along said westerly line to a point of intersection with the southerly line of Fenelon Point Subdivision; Thence northeasterly along said southerly line to a point of intersection with the westerly line of Lot 2 of 2 of City Lot 692;Thence northwesterly along said westerly line and westerly line of Lot 1 of 2 of City Lot 692 to a point of intersection with the southerly right of way line of W. Fourth Street; 7 Thence northeasterly across W. Fourth Street to the southwest corner of Lot 1 of Evan's Place, said point also being on the northerly right of way line of W. Fourth Street; Thence northwesterly along the west line of said Lot 1 to the southeast corner of Lot 34 of Cooper Heights Addition; Thence continuing northwesterly along the easterly line of Lots 34, 35, 36 and 37 of Cooper Heights Addition to a point of intersection with the southerly right of way Tine of W. Fifth Street; Thence northeasterly to a point of intersection in the centerline of W. Fifth Street approximately 270 feet southwesterly of the centerline of Bluff Street; Thence northwesterly along the centerline of W. Fifth Street to a point of intersection with the southerly line of Coriell's Dubuque also being the northerly right of way line of W. Fifth Street; Thence northeasterly along said right of way line of W. Fifth St. to the southwest corner of Lot 1 of City Lot 690;Thence northwesterly along the westerly line of said Lot 1 to the northwest corner of said Lot 1;Thence northeasterly along the northerly line of said Lot 1 to the northeast corner of said Lot 1;Thence southeasterly along the easterly line of said Lot 1 to a point of intersection with the northerly line of the south 62.5 ft. of the north 64 ft. of City lot 617;Thence northeasterly along said northerly line and extension thereof to a point of intersection with the centerline of Bluff Street; Thence southeasterly along the centerline of Bluff Street to a point of intersection with the northerly line of the south 10 ft. of City Lot 138 extended southwesterly; Thence northeasterly along said northerly line and northerly line of the south 10 ft. of the south 34.6 ft. of City Lot 103 and extension thereof to a point of intersection with the centerline of Locust Street; Thence southeasterly along the centerline of Locust Street to a point of intersection with the centerline of Second Street, said point being the point of beginning. 11. Bluff Street Subarea of the District shall include that area generally bounded by the following description: Commencing as a point of reference at the intersection of the centerlines of W. Sixth Street and Bluff Street in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; thence southeasterly along the centerline of Bluff Street to a point of intersection with the northerly line of the south 62.5 ft. of the north 64 ft. of City Lot 617 extended southeasterly; thence southwesterly along said northerly line to the easterly line of Lot 1 of City Lot 690; thence northwesterly along the easterly line of said Lot 1 to the northeast corner of said Lot 1; thence southwesterly along the northerly line of said Lot 1 to the northwest corner of said Lot 1; thence southeasterly along the westerly line of said Lot 1 to a point of intersection with northerly right of way line of W. Fifth Street; thence southwesterly along said right of way line of W. Fifth St. to the southeast corner of the South 73' of Lot 13 of Coriell's Dubuque; thence northwesterly 73' along the easterly line of said South 73' of Lot 13 of Coriell's Dubuque to the northeast corner of the South 73' of Lot 13 of Coriell's Dubuque; thence southwesterly along the northerly line of said South 73' of Lot 13 of Coriell's Dubuque to a point of intersection with westerly line of Lot 13 of Coriell's Dubuque; thence northwesterly along said westerly line of Lot 13 to a point of intersection with the southerly line of Lot 33 of Coriell's Dubuque; thence northeasterly along said southerly line of Lot 33 to a point of intersection with the westerly line of Lot 14 of Coriell's Dubuque' thence northwesterly along said westerly line of said Lot 14 to a point of intersection with the southerly line of Lot 34 of Coriell's Dubuque; thence northeasterly along said southerly line of Lot 34 to the easterly line of Coriell's Dubuque; thence northwesterly along said easterly line Lots 34, 35, 36, 37, 38, and 44 of Coriell's Dubuque to the northwest corner of the North 50' of Lot 1 of Lot 1 of City Lot 653; thence northeasterly along the northerly line of said North 50' of Lot 1 of Lot 1 of City Lot 8 653 to the southeast corner of Lot 1 of McKinlay's Subdivision; thence northwesterly along said easterly line of said Lot 1 and extension thereof to a point of intersection with the centerline of West Eighth Street; thence northwesterly along said centerline of West Eighth Street to a point of intersection with the westerly line of Lot 1 of the Subd'n. of City Lot 688 and part of City Lot 654 extended southerly; thence northwesterly along said westerly line of Lot 1 and extension thereof northerly to a point of intersection with the centerline of West Ninth Street; thence southwesterly along the centerline of West Ninth Street to a point of intersection with the southerly extension of the westerly line of Lot 2 of Lot 12 of Central Addition; thence northwesterly along said westerly right of Lot 2 of Lot 12 to the northwest corner of said Lot; thence northeasterly along the northerly tine of said Lot 2 of Lot 12 to the northeast corner of said Lot; thence southeasterly along said easterly line of said Lot 2 of Lot 12 to the southwest corner of Lot 1 of Lot 11 of Central Addition; thence northeasterly along the southerly line of Lot 1 of Lot 11 and Lot 1 of Lot 10 of Central Addition to a point of intersection with the westerly line of Lot 1 of Lot 9 of Central Addition; thence northwesterly along said westerly line of Lot 1 of Lot 9 to a point of intersection with the southerly right of way line of a public alley in Central Addition; thence northeasterly along said southerly line to a point of intersection with the westerly line of Lot 1 of 1 of 10 of Lorimer's Subdivision; thence northwesterly along said westerly line of said Lot 1 of 1 of 10 to the northerly line of Lorimer's Subdivision; thence northeasterly along the northerly line of Lorimer's Subdivision to the southeast corner of a public alley between Corkery's Subdivision and City Lot 655; thence northwesterly along the easterly right of way line of said alley to a point of intersection with West Eleventh Street; thence southwesterly along centerline of West Eleventh Street to a point of intersection with the centerline of Grove Terrace; thence northwesterly along centerline of Grove Terrace to a point of intersection with the northerly right of way line of Arlington Street; thence northeasterly along the northerly right of way line of Arlington Street to the southeast corner of City Lot 769B; thence northwesterly along the easterly line of said City Lot 769B to a point of intersection with the southerly line of Lot 3 of Brown's Subdivision; thence southwesterly along the southerly line of said Lot 3 to the southwest corner of said lot; thence northwesterly along the westerly line of said Lot 3 and extension thereof to a point of intersection with the centerline of Loras Boulevard; thence northeasterly along said centerline to a point of intersection with the centerline of Locust Street; thence southeasterly along the centerline of Locust Street to a point of intersection with the centerline of W. Eleventh Street; thence southwesterly along the centerline of W. Eleventh Street to a point of intersection with the centerline of Bluff Street; thence southeasterly along the centerline of Bluff Street to a point of intersection with the extension of the southerly line of City Lot 658A; thence northeasterly along the southerly line of City Lot 658A extended and the southerly line of City Lot 658, except the southerly one foot thereof, extended to a point of intersection with the centerline of Locust Street; thence southeasterly along the centerline of Locust Street to a point of intersection with the centerline of West Ninth Street; thence southwesterly along the centerline of West Ninth Street to a point of intersection with the centerline of Bluff Street; thence southeasterly along the centerline of Bluff Street to a point of intersection with the centerline of West Eighth Street; thence northeasterly along the centerline of West Eighth Street to a point of intersection with the centerline of Locust Street; thence southeasterly along the centerline of Locust Street to a point of intersection with the northerly line of City Lot 624 extended northeasterly; thence southwesterly along the northerly line of City Lot 624 extended southeasterly to the centerline of a public alley; 9 thence southeasterly along the centerline of a public alley to a point of intersection with the centerline of W. Seventh Street; thence northeasterly along the centerline of W. Seventh Street to a point of intersection with Locust Street; thence southeasterly along the centerline of Locust Street to a point of intersection with West Sixth Street; thence southwesterly along the centerline of West Sixth Street to a point of intersection with Bluff Street said point being the point of beginning. 12. South Bluff Street Subarea of the district shall include that area generally bounded by the following description: Commencing as a point of reference at the intersection of the centerlines of Emmett Street and Bluff Street in the City of Dubuque, Dubuque County, Iowa, said point being the point of beginning; thence southeasterly along the centerline of Bluff Street to a point of intersection with the centerline W. First Street; thence southwesterly along the centerline W. First Street to the centerline of Bluff Street; thence southwesterly along the centerline of Bluff Street to a point of intersection with the centerline Dodge Street; thence southwesterly along the centerline Dodge Street to a point of intersection with the easterly line of Lot 3 of City Lot 694 extended southeasterly; thence northwesterly along the easterly line of said Lot 3 of City Lot 694 and Lot 1 -1 and 2 -1 of City Lot 694 to the southwest corner of Lot 1 -2 of City Lot 694; thence northeasterly along said southerly line of said Lot 1 -2 of City Lot 694 to the southeast corner of said Lot; thence northwesterly along said easterly line of Lot 1 -2 of City Lot 694 to a point of intersection with the southerly line of Lot 12 of Saint Raphael's Addition; thence northeasterly along said southerly line of said Lot 12 and extension thereof to the centerline of St. Mary's Street; thence northwesterly along the centerline of St. Mary's Street to a point of intersection with the centerline of Emmett St.; thence northeasterly along the centerline of Emmett St. to centerline of Bluff Street, said point being point of beginning. _ The boundaries of the District and the subareas are delineated on the URBAN RENEWAL DISTRICT map (Attachment A; on file at the Dubuque City Clerks Office). 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; 10 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, and the rehabilitation, restoration, and renovation of historic buildings for public and governmental uses, including the Carnegie Stout Public Library, the former U.S. Federal Building, and the former Kephardt's Building; 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 public improvements or private development and redevelopment purposes; 9. Disposition of land through sale or lease; 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 purposes; 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; on file at the Dubuque City Clerks Office). 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 11 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, commerciai /retaii, cuitural, 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. LAND USE maps (Attachments C -1 and C -2; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Town Clock Subarea. b. OId 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 of the City of Dubuque's Zoning Ordinance are encouraged. LAND USE maps (Attachments C -3 and C -4; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the OId 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; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Upper Main Subarea. d. Ice Harbor Subareas A, B, and C: 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 12 Ice Harbor Subareas A, B and C. LAND USE maps (Attachments C -7 and C -8; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Ice Harbor Subareas A, B, and C. e. Warehouse 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. LAND USE maps (Attachments C -9 and C -10; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Warehouse Subarea. f. South 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. LAND USE maps (Attachments C -11 and C -12; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the South Main Subarea. g. South Port Subarea: The intent of this plan is to encourage a mix of residential, commercial /retail, recreational and educational uses in this Subarea. An adopted Planned Unit Development ordinance shall regulate land uses and zoning in a portion of the Subarea. LAND USE maps (Attachments C -13 and C -14; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the South Port Subarea. h. Cable Car 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. LAND USE maps (Attachments C -15 and C -16; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Cable Car Subarea. i. Bluff Street 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. LAND USE maps (Attachments C -17 and C -18; on file at the Dubuque City Clerks Office) identify the existing and the proposed land uses within the Bluff Street Subarea. j. South Bluff Street 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. LAND USE maps (Attachments C -19 and C -20; on file at the Dubuque City Clerks Office) 13 identify the existing and the proposed land uses within the South Bluff Street Subarea. 2. PLANNING AND DESIGN CRITERIA: a. Town Clock, Old Main, Upper Main, Warehouse, South Main, Cable Car, Bluff Street, and South Bluff Street Subareas: The planning and design criteria to be used to guide the physical development and redevelopment of the Town Clock, Old Main, Upper Main, Warehouse, South Main, Bluff Street, and South Bluff Street Subareas are those standards and guidelines contained within the City of Dubuque's Zoning Ordinance and other applicable local, state and federal codes and ordinances subject to the conditions contained in this subsection. b. Ice Harbor Subareas A, B, C and South Port: The planning and design criteria to be used to guide the physical development and redevelopment of the Ice Harbor Subareas A, B, C and South Port shall be the Port of Dubuque Master Plan Design Standards attached hereto as Attachment D, which is on file at the Dubuque City Clerks Office. c. Historic Preservation Commission Review: Additionally, the Secretary of the Interior's Standards for Rehabilitation and Guidelines for Rehabilitating Historic 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, installation, 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 Sim No off - premise signage shall be allowed in the Ice Harbor Subareas A and B. e. Overhead Utility 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 Acquisition: 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 14 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 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 Iowa 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 Financing: The City of Dubuque is prepared to utilize tax increment financing as a means of financing eligible costs incurred to implement the Public Purpose Activities identified in 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). 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 15 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 Tess taxes during the duration of this Plan than they would have if this Plan were not implemented. Tax increment financing will provide a Tong -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 any of the eligible costs incurred by the City in connection with any of the Public Purpose Activities described in Section E of this Plan, including but not limited to the following: a. Planning and administration of the Plan; b. Construction of any of the public improvements, amenities and facilities described in Section E of this Plan or otherwise 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 and /or buildings and preparation of same for sale to private developers, including any "write down" of the sale price of the land and /or building; e. Preservation, conservation, development or redevelopment of buildings or 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. 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. 16 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 $130,000,000. At the time of adoption of this Plan, the City of Dubuque's current general obligation debt is $ 95,918,516 (a list of obligations is found as Attachment E) and the applicable constitutional debt limit is $174,325,144, for the Fiscal Year starting July 1, 2011. 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 for 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 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. 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. 17 N. ATTACHMENTS The following attachments are a part of this Plan and are on file at the Dubuque City Clerks Office: 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 Subarea Existing Land Use Map C -6 Upper Main Subarea Proposed Land Use Map C -7 Ice Harbor Subareas Existing Land Use Map C -8 Ice Harbor Subareas Proposed Land Use Map C -9 Warehouse Subarea Existing Land Use Map C -10 Warehouse Subarea Proposed Land Use Map C -11 South Main Subarea Existing Land Use Map C -12 South Main Subarea Proposed Land Use Map C -13 South Port Subarea Existing Land Use Map C -14 South Port Subarea Proposed Land Use Map C -15 Cable Car Subarea Existing Land Use Map C -16 Cable Car Subarea Proposed Land Use Map C -17 Bluff Street Subarea Existing Land Use Map C -18 Bluff Street Subarea Proposed Land Use Map C -19 South Bluff Street Subarea Existing Land Use Map C -20 South Bluff Street Subarea Proposed Land Use Map D Port of Dubuque Master Plan Design Standards E List of Current General Obligation Debt F: \USERS \Eton Dev \Urban Renewal \Greater Downtown UR District\2010.1 Amendment\2010.1 Greater Downtown Urban Renewal Plan.doc 18 Description City of Dubuque Recommended Summary of Bonded Indebtedness - Fiscal Year 2011 -2012 Date Net Amount Principal Principal Interest Principal Year o of Interest of Outstanding Due Due Outstanding Final Issue Rate Issue 7/1/11 FY 2012 FY 2012 6/30/12 Paymer General Obligation Bonds (Essential Corporate Purpose) 1 Main Street Refunding 08 -02 -10 2.4203% 705,000 650,000 55,000 15,731 595,000 2021 2 Water Main and Water Tower 12 -01 -02 3.8187% 3,105,000 1,120,000 170,000 45,570 950,000 2017 3 Stormwater Improvements 09 -15 -03 4.2750% 2,110,000 1,420,000 95,000 60,848 1,325,000 2023 3 Stormwater Improvements 04 -18 -05 4.2421% 1,750,000 1,330,000 80,000 55,348 1,250,000 2024 4 DICW Expansion - Taxable 04 -18-05 4.9392% 2,995,000 1,590,000 285,000 78,330 1,305,000 2016 4 DICW Expansion -Non Taxable 04 -18 -05 4.1240% 4,270,000 3,590,000 125,000 146,088 3,465,000 2021 5 Refinanced Portions 5th /3rd St Ramps 05 -02 -06 3.9857% 3,360,000 3,025,000 175,000 120,102 2,850,000 2020 5 Refinanced Portions of T- Hangars 05 -02 -06 3.9857% 165,000 165,000 35,000 16,058 130,000 2020 6 Parking Ramp Improvements 05 -02 -06 4.0257% 910,000 670,000 55,000 26,908 615,000 2021 3 Stormwater Improvements 05 -02 -06 4.0665% 2,900,000 2,360,000 125,000 95,228 2,235,000 2025 5 Refinanced Portions 5th /3rd St Ramps 12 -01 -07 3.6731% 2,650,000 2,060,000 315,000 77,250 1,745,000 2017 7 Sewer System Improvements & Ext. 12 -01 -07 3.6596% 1,055,000 740,000 115,000 26,418 625,000 2017 10 Port of Dubuque Parking Ramp 10 -16 -07 7.5000% 23,025,000 22,740,000 305,000 1,705,500 22,435,000 2037 3 Stormwater Improvements 11 -04 -08 4.5702% 3,885,000 3,500,000 150,000 153,152 3,350,000 2028 11 Kephart's Building 11 -04 -08 4.2334% 377,055 320,530 21,280 12,997 299,250 2024 12 Library Renovation 11 -04 -08 4.2334% 2,457,945 2,089,470 138,720 84,722 1,950,750 2024 4 DICW Expansion - Taxable 11 -04 -08 5.5369% 2,465,000 2,145,000 120,000 115,625 2,025,000 2018 4 DICW Expansion -Non Taxable 11 -04 -08 4.2334% 455,000 385,000 25,000 15,612 360,000 2023 13 Bricktown Parking Lot 12 -01 -08 5.0000% 400,000 352,109 20,874 17,348 331,235 2023 16 America's River Refunding 11 -05 -09 2.7913% 8,885,000 7,560,000 690,000 274,825 6,870,000 2021 17 Airport Improvements 11 -05 -09 3.2913% 230,000 220,000 10,000 10,090 210,000 2029 18 Fire Truck Replacement 11 -05 -09 3.2913% 1,410,000 1,355,000 60,000 62,140 1,295,000 2029 19 Fiber Optic Paving 11 -05 -09 3.2913% 100,000 95,000 5,000 4,275 90,000 2029 20 Streetlight Replacement 11 -05 -09 3.2913% 40,000 35,000 5,000 1,195 30,000 2018 3 Stormwater Improvements 11 -05 -09 3.2913% 1,155,000 1,110,000 45,000 50,980 1,065,000 2029 21 Downtown Parking Ramp 11 -05 -09 3.2325% 9,310,000 8,935,000 380,000 404,375 8,555,000 2029 22 DICW - North Siegert Improvements 11 -05 -09 3.2325% 1,865,000 1,790,000 75,000 81,056 1,715,000 2029 17 Airport Improvements 08 -02 -10 3.2838% 168,933 168,933 6,621 5,127 162,312 2030 25 Refuse Truck Replacements 08 -02 -10 3.2838% 69,946 69,946 2,787 2,158 67,159 2030 3 Stormwater Improvements 08 -02 -10 3.2838% 1,667,481 1,667,481 66,433 51,444 1,601,048 2030 17 Smart Meters for City Buildings 08 -02 -10 3.2838% 49,602 49,602 1,892 1,465 47,710 2030 19 Public Works Equipment Replacement 08 -02 -10 3.2838% 542,488 542,488 21,613 16,736 520,875 2030 20 Street Improvements 08 -02 -10 3.2838% 295,000 295,000 12,060 9,339 282,940 2030 17 Park Water System Study 08 -02 -10 3.2838% 80,000 80,000 3,074 2,381 76,926 2030 7 Sanitary Improvements 08 -02 -10 3.2838% 891,550 891,550 35,520 27,506 856,030 2030 24 Downtown Housing RFP /40 Main 08 -02 -10 3.2838% 2,675,000 2,675,000 90,000 110,196 2,585,000 2030 24 Millwork District Parking 08 -02 -10 3.2838% 2,825,000 2,825,000 115,000 85,300 2,710,000 2030 26 Tri -State Building Purchase 02 -09 -10 0.0000% 330,000 235,714 47,143 - 188,571 2016 3 Stormwater Improvements 09 -20 -10 1.4900% 2,850,000 2,288,430 80,298 93,502 2,208,132 2032 7* Sewer System Improvements Planned* 4.5000% 4,720,994 4,720,994 169,776 193,327 4,551,218 2032 6* Parking Ramp Improvements Planned* 4.5000% 59,700 59,700 4,120 5,064 55,580 2032 3* Stormwater Improvements Planned* 4.5000% 1,959,409 1,959,409 70,502 80,201 1,888,907 2032 20* Street Improvements Planned* 4.5000% 1,012,000 1,012,000 36,412 41,423 975,588 2032 25* Refuse Truck Replacements Planned* 4.5000% 36,000 36,000 1,773 1,580 34,227 2032 17* 18th Street Building Renovation Planned* 4.5000% 606,409 606,409 367,829 18,542 238,580 2032 27* Intermodal Facility Planned* 4.5000% 280,000 280,000 10,075 11,461 269,925 2032 28* Airport - New Terminal Planned* 4.5000% 673,000 673,000 24,215 27,547 648,785 2032 23* Fire Station Land from Dbq Initiative Planned* 5.0000% 650,000 650,000 52,815 32,185 597,185 2032 22* DICW - South Siegert Improvements Planned* 6.5000% 2,779,751 2,779,751 87,877 164,495 2,691,874 2032 Total General Obligation Bonds 107,257,263 95,918,516 4,988,709 4,738,750 90,929,807 City of Dubuque Recommended Summary of Bonded Indebtedness - Fiscal Year 2011 -2012 NOTES: 1 G.O issue for Main Street project backed by Greater Downtown TIF revenue. 2 G.O issue for water main and water tower backed by water revenue. *3 G.O issues for Stormwater improvements backed by stormwater revenue. 4 G.O Urban Renewal issues for Dubuque Industrial Center West (DICW) expansion backed by DICW TIF revenues. 5 G.O issue refunding bonds. Refinanced portions of the June 2000 and November 2000 bond issues. *6 G.O issue for Iowa St. Ramp Major Ramp Improvements backed by Greater Downtown TIF revenue in FY 09 and FY 10, then parking user fees. *7 G.O. issue for Sewer system improvements & extensions backed by sewer revenue 10 TIF bond issue for the Port of Dubuque Parking Ramp backed by Greater Downtown TIF & a minimum assessment agreement 11 TIF bond issue for Kephart's Bldg Renovation backed by Greater Downtown TIF. 12 G.O Urban Renewal issue for Library renovation backed by Greater Downtown TIF revenues. 13 G.O. loan from Dubuque Initiatives for 290 Locust Parking lot (Bricktown) backed by parking revenue. 16 G.O issues for America's River Project Port of Dubuque improvements backed by gaming revenue from DRA lease and DRA taxes and Greater Downtown TIF revenue . *17 G.O issues for various City Building improvements backed by Sales Tax (20 %). 18 G.O. issue for fire truck replacement backed by debt service levy. 19 G.O. issue for fiber optic paving and Public Works equipment replacements backed by Road use Tax Funds. *20 G.O. issue for street light replacement and other street improvements backed by Sales Tax (30 %). 21 G.O. issue downtown parking backed by Greater Downtown TIF revenues. 22 G.O. issue for North and South Siegert improvements backed by Dubuque Industrial Center West (DICW) TIF revenues. *23 G.O. loan from Dubuque Initiatives for development costs of land off the NW Arterial for Fire Station Expansion /Relocation backed by gaming revenue from DRA lease. 24 G.O. Urban Renewal issues for Millwork District Parking, Downtown Housing, & 40 Main projects backed by Greater Downtown TIF revenues. 25 G.O. Issue for refuse truck replacements backed by Solid Waste revenue. 28 Land contract for 6 years with 0% interest. *27 G.O. Urban Renewal issue for Intermodal Facility baced by Greater Downtown TIF revenue. *28 Airport Passenger Facility Revenue Bonds for the construction of the new terminal backed by Passenger Facility Charges. Description Date Net Amount Principal Principal Interest Principal Year c of Interest of Outstanding Due Due Outstanding Final Issue Rate Issue 7/1/11 FY 2012 FY 2012 6/30/12 Payme Revenue Bonds 8 Water- Clear Well Reservoirs 10 -01 -07 3.25% 1,037,000 917,000 42,000 29,802 875,000 2028 9 Water System Improvements & Ext. 11 -04 -08 4.71% 1,195,000 1,055,000 70,000 47,332 985,000 2023 9 Water System Improvements & Ext. 08 -16 -10 3.54% 5,700,000 5,700,000 185,000 190,275 5,515,000 2030 9 Water System Improvements & Ext. Planned* 4.50% 4,248,157 4,248,157 152,853 173,883 4,095,304 2032 14 Water Pollution Control Plant Upgrade 03 -11 -09 3.25% 64,885,000 64,885,000 1,554,283 64,885,000 2035 14 Northfork Catfish Sanitary Improvements 12 -28 -06 3.25% 253,850 219,484 42,105 31,821 177,379 2029 15 Northfork Catfish Stormwater Improv. 12 -28 -06 3.25% 615,354 570,097 23,747 18,337 546,350 2029 15 West 32nd Detention Basin 01 -14 -09 3.25% 1,847,000 1,628,000 73,000 52,910 1,555,000 2028 8 Water Meter Change Out Program 11 -01 -09 3.25% 7,676,000 7,676,000 299,302 228,626 7,376,698 2029 15* Bee Branch Restoration Planned* 3.25% 18,338,102 18,338,102 414,948 544,087 17,923,154 2042 Total Revenue Bonds 105,795,463 105,236,840 1,302,955 2,871,356 103,933,885 Tax Increment Eagle Window (Otto A, LLC) 02 -15 -00 9.1% 3,168,538 458,700 458,700 31,622 2012 Vessel Systems 12 -30 -03 8.0% 140,000 69,357 15,346 5,262 54,011 2015 Adams Company G.O TIF 02 -13 -04 4.07% 500,000 181,818 45,454 9,250 136,364 2015 Total TaxlncrementBonds 3,808,538 709,875 519,500 46,134 190,375 Lower Main Development, LLC TIF Note 06 -30 -04 8.00% 182,000 108,156 18,409 8,291 89,747 2016 Theisen Supply, Inc. TIF Note 11 -22 -06 8.25% 812,000 628,045 69,593 50,407 558,452 2018 40 Main TIF Note 08 -06 -09 3.00% 300,000 300,000 300,000 5,240 2012 44 Main TIF Note 10 -26 -10 6.00% 337,000 337,000 - 19,653 337,000 2027 Total Tax Increment Notes 1,631,000 1,373,201 388,002 83,591 985,199 Total Tax Increment 5,439,538 2,083,076 907,502 129,725 1,175,574 City of Dubuque Recommended Summary of Bonded Indebtedness - Fiscal Year 2011 -2012 Other Loans - Revenue Backed Water Line To Site B 07 -01 -97 Internal Loan 597,945 109,986 53,521 6,049 56,465 2013 Total Other Lns -Rev Backed 597,945 109,986 53,521 6,049 56,465 Total City Indebtedness 219,090,209 203,348,418 7,252,687 7,745,880 196,095,731 NOTES: 8 Revenue Bond State Revolving Loan Fund issue for Water system improvements and extensions backed by water revenue. 9 Revenue Bond issue for Water system improvements and extensions backed by water revenue. 14 Revenue Bond State Revolving Loan Fund issue for sewer improvements backed by sewer revenue. 15 Revenue Bond State Revolving Loan Fund Issue for storm system improvements backed by stormwater revenue