Urban Renewal Amendment_Lake Ridge DistrictTHE CITY OF
Dui
Masterpiece on the Mississippi
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
Dubuque
kital
All- America City
II 111!
2012
SUBJECT: Resolution of Necessity for the Amendment of the Lake Ridge Economic
Development District Urban Renewal Plan
DATE: April 9, 2013
Economic Development Director Dave Heiar recommends City Council approval of a
Resolution of Necessity that finds that an Amended and Restated Urban Renewal Plan
for the Lake Ridge Economic Development District is both necessary and appropriate
and sets a public hearing on the proposed amendment for June 3, 2013.
The amendment, while not expanding the District, will allow the continued use of tax
increment financing to promote economic development activities in the established
urban renewal area for Fiscal Year 2013 -2014. Pursuant to House File 2460, the
amended plan will describe the specific use of tax increment funds, reflecting the
utilization of tax rebates, the creation of public infrastructure, or other planned
expenditures.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
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Michael C. Van Milligen
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
David J. Heiar, Economic Development Director
Masterpiece on the Mississippi
TO: Michael Van Milligen, City Manager
FROM: David J. Heiar, Economic Development Director
SUBJECT: Resolution of Necessity for the Amendment of the Lake Ridge Economic
Development District Urban Renewal Plan
DATE: April 8, 2013
Dubuque
kital
All- America City
II 111!
2012
INTRODUCTION
This memorandum presents for City Council consideration a Resolution of Necessity
that: 1) finds that an Amended and Restated Urban Renewal Plan for the Lake Ridge
Economic Development District is both necessary and appropriate; and 2) sets a public
hearing on the proposed amendment for June 3, 2013.
The proposed amendment would comply with House File 2460, adopted by the Iowa
legislature in 2012, that requires urban renewal plans be amended or modified to reflect
any active urban renewal projects.
BACKGROUND
The Lake Ridge Economic Development District was created on August 1, 2011. The
District is an urban renewal area which allows the City of Dubuque to capture tax
increment revenue from improvements made in the District in order to promote
economic development activities. The District was created to offer incentives for the
development of an affordable, assisted - living facility on Lake Ridge Drive near Cedar
Cross Road.
DISCUSSION
The amendment, while not expanding the District, will allow the continued use of tax
increment financing to promote economic development activities in the established
urban renewal area for Fiscal Year 2013 -2014. Pursuant to House File 2460, the
amended plan will describe the specific use of tax increment funds, reflecting the
utilization of tax rebates, the creation of public infrastructure, or other planned
expenditures.
The attached Resolution directs staff to prepare an Amended and Restated Urban
Renewal Plan for the Lake Ridge Economic Development District, setting forth the
urban renewal projects that are currently expected to be undertaken in the District.
Additionally, staff will hold a consultation process, required by law, with the affected
taxing entities concerning the proposed amendment, and to the extent the amendment
includes the use of tax increment revenues for a public building, provide an analysis of
alternative development and funding options for such public buildings.
A City Council public hearing on the Amended and Restated Urban Renewal Plan will
be scheduled for June 3, 2013. The public notice will be published four to twenty days
before the meeting to allow for the appropriate publication requirements. This will allow
time for preparation of the Plan and the consultation process with the taxing entities.
RECOMENDATION
I recommend the City Council adopt the attached Resolution of Necessity that begins
the process of amending the Urban Renewal Plan for the Lake Ridge Economic
Development District.
The amendment will provide the continued use of tools that will encourage reinvestment
and redevelopment activities throughout the District and will support the revitalization
within the area.
ACTION STEP
The action step for the City Council is to adopt the Resolution of Necessity attached to
this memorandum.
Attachments
F: \USERS \Econ Dev \Urban Renewal \Lake Ridge \2013.1 \20130322 Memo for Resolution of Necessity.docx
2
RESOLUTION NO. 123 -13
A RESOLUTION OF NECESSITY FINDING THAT THE ESTABLISHED LAKE RIDGE
ECONOMIC DEVELOPMENT DISTRICT MEETS THE DEFINITION OF AN ECONOMIC
DEVELOPMENT AREA UNDER THE URBAN RENEWAL LAW, AND THAT
DEVELOPMENT OF SAID AREA IS NECESSARY IN THE INTEREST OF THE
RESIDENTS OF THE CITY OF DUBUQUE, IOWA, AND SETTING DATES OF HEARING
AND CONSULTATION ON A PROPOSED AMENDMENT TO THE URBAN RENEWAL
PLAN FOR SAID DISTRICT.
Whereas, the City Council of the City of Dubuque has heretofore, by Resolution
247 -11, adopted August 1, 2011, approved the Urban Renewal Plan for the Lake Ridge
Economic Development District (the "District ") in order to provide redevelopment
opportunities which will further economic development purposes and objectives as
described in the Urban Renewal Plan; and
Whereas, Chapter 403 of the Iowa Code states that a municipality shall not approve
an urban renewal project for an urban renewal area unless the governing body has
amended or modified the adopted urban renewal plan to include the urban renewal project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the continued development of the Lake Ridge Economic
Development District is necessary and appropriate to facilitate the proper growth and
development of the community in accordance with sound planning and local community
objectives.
Section 2. That the City Manager is authorized and directed to prepare an
amendment to the Urban Renewal Plan for the Lake Ridge Economic Development
District, setting forth the urban renewal projects that are currently expected to be
undertaken in the District, and to determine an appropriate date for and conduct the
consultation process required by law with affected taxing entities concerning the proposed
amendment.
Section 3. That the City Council hold a public hearing on the adoption of the
proposed Amended and Restated Urban Renewal Plan for the Lake Ridge Economic
Development District on June 3, 2013 at 6:30 p.m. in the Historic Federal Building, 350
West 6th Street, Dubuque, Iowa 52001. The notice of said hearing shall generally identify
the area covered by the Amended and Restated Urban Renewal Plan and the scope of the
urban renewal project activities planned for such area, and said notice shall be published
and available to the public not less than four days nor more than twenty days before the
date of said meeting. A copy of the notice of public hearing shall be sent by ordinary mail
to the affected taxing entities.
Section 4. That the City Clerk is further directed to send by ordinary mail a copy of
said Amended and Restated Urban Renewal Plan, the notice of public hearing, and, to the
extent the amendment includes the use of tax increment revenues for a public building, an
analysis of alternative development and funding options for such public buildings, to the
Dubuque Community School District and the County Board of Supervisors, as the affected
taxing entities.
Passed, approved and adopted this 15th day of April, 2013.
L.,
ATTEST:
K ' irnstahl, City Clerk
F: \USERS \Econ Dev \Urban Renewal \Lake Ridge \2o13.1 \2o130312 Resolution of Necessity.docx
Roy D. Buol, Mayor