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Urban Renewal Amendment_Dubuque Brewing and Malting 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 Dubuque Brewing and Malting Urban Renewal District Dubuque Urban Renewal Plan DATE: April 9, 2013 Economic Development Director Dave Heiar recommends the City Council adopt a Resolution of Necessity that finds that an Amended and Restated Urban Renewal Plan for the Dubuque Brewing and Malting Urban Renewal 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. hrilit44 krt.,709, 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 Dubuque kital All- America City II 111! 2012 SUBJECT: Resolution of Necessity for the Amendment of the Dubuque Brewing and Malting Urban Renewal District Dubuque Urban Renewal Plan DATE: April 8, 2013 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 Dubuque Brewing and Malting Urban Renewal 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 Dubuque Brewing and Malting Urban Renewal District was created on September 2, 2008. 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 expansion at the Dubuque Stamping Company, as well future incentives for the redevelopment of the former H &W Trucking building, once the Dubuque Brewing and Malting building, which has become a blighting influence in the North End neighborhood. 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 Dubuque Brewing and Malting Urban Renewal 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 Dubuque Brewing and Malting Urban Renewal 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 \Brewing and Malting UR District \2013.1 \20130322 Memo for Resolution of Necessity.docx 2 RESOLUTION NO. 124 -13 A RESOLUTION OF NECESSITY FINDING THAT THE ESTABLISHED BREWING AND MALTING URBAN RENEWAL DISTRICT MEETS THE DEFINITION OF A BLIGHTED 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 301 -08, adopted September 2, 2008, approved the Urban Renewal Plan for the Dubuque Brewing and Malting Urban Renewal District (the "District ") in order to provide redevelopment opportunities which will further the purposes and objectives of eliminating blight and promoting economic development 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 Dubuque Brewing and Malting Urban Renewal 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 Dubuque Brewing and Malting Urban Renewal 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 Dubuque Brewing and Malting Urban Renewal 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. 7 Roy D. Buol, Mayor ATTEST: Key"' irnstahl, City Cler F: \USERS \Econ Dev \Urban Renewal \Brewing and Malting UR District \zo13o312 Resolution of Necessity.docx