Urban Renewal Amendment_Dubuque Technology Park ED 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 Technology
Park Economic Development District Urban Renewal Plan (formerly
known as the Dubuque Industrial Center /South Economic Development
District)
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 Dubuque Industrial Center / South Economic Development District is both
necessary and appropriate; determines that the District shall henceforth be referred to
as the Dubuque Technology Park Economic Development District; and sets a public
hearing on the proposed amendment for June 3, 2013.
The amendment would change the name of the Dubuque Industrial Center / South
Economic Development District to the Dubuque Technology Park Economic
Development District. The change would occur in name only, as all authority provided
from local law and state statute, as well as all base values and projects described in the
Dubuque Industrial Center / South Economic Development District would be inherited
by the Dubuque Technology Park Economic Development District.
The amendment, while not expanding or altering 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.
btilvT4 kr,„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
2
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 Technology
Park Economic Development District Urban Renewal Plan (formerly
known as the Dubuque Industrial Center / South Economic Development
District)
DATE: April 9, 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
Industrial Center / South Economic Development District is both necessary and
appropriate; 2) determines that the District shall henceforth be referred to as the
Dubuque Technology Park Economic Development District; and 3) 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 Industrial Center / South Economic Development District was created on
April 7, 1997. 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 for the
development of an industrial center, which later became known as the Dubuque
Technology Park. In addition to the development of infrastructure, tax increment
financing has been used to incentivize business development in the District through tax
rebates.
The City also has an Urban Renewal District, referred to as the Dubuque Industrial
Center Economic Development District, with a subarea that was created in 2011 that is
commonly referred to as the Dubuque Industrial Center South. This has lead to some
confusion in identifying the two districts.
DISCUSSION
The amendment would change the name of the Dubuque Industrial Center/ South
Economic Development District to the Dubuque Technology Park Economic
Development District. The change would occur in name only, as all authority provided
from local law and state statute, as well as all base values and projects described in the
Dubuque Industrial Center/ South Economic Development District would be inherited by
the Dubuque Technology Park Economic Development District.
The amendment, while not expanding or altering 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 newly named Dubuque Technology Park Economic Development
District, setting forth the urban renewal projects that are currently expected to be
undertaken in the District. Additionally, staff is required to 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.
RECO MEN DATION
I recommend the City Council adopt the attached Resolution of Necessity that begins
the process of amending the Urban Renewal Plan for the Dubuque Technology Park
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:IUSERS\Econ Dev\Urban RenewallTech Park12013.1 Amendment120130324 Memo for Resolution of
Necessity.docx
2
RESOLUTION NO. 126 -13
A RESOLUTION OF NECESSITY FINDING THAT THE ESTABLISHED DUBUQUE
INDUSTRIAL CENTER / SOUTH ECONOMIC DEVELOPMENT DISTRICT MEETS
THE DEFINITION OF AN ECONOMIC DEVELOPMENT AREA UNDER THE URBAN
RENEWAL LAW, DETERMINING THAT THE NAME AND ALL SUBQUENT
REFERENCES TO THE DISTRICT SHALL CHANGE TO THE DUBUQUE
TECHNOLOGY PARK ECONOMIC DEVELOPMENT DISTRICT, 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
141 -97, adopted April 7, 1997, approved the Urban Renewal Plan for the Dubuque
Industrial Center / South 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.
Whereas, in connection with an updating of the Urban Renewal Plan for the
District, the City desires to change the name and all subsequent references to the
Dubuque Industrial Center / South Economic Development District to the Dubuque
Technology Park Economic Development District.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the continued development of the Dubuque Industrial Center /
South 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 existing Dubuque Industrial Center South Economic
Development District shall henceforth be renamed the Dubuque Technology Park
Economic Development District, with the Dubuque Technology Park Economic
Development District continuing under all previous authority provided by local law or
state statue to the Dubuque Industrial Center / South Economic Development District.
Section 3. That the City Manager is authorized and directed to prepare an
amendment to the Urban Renewal Plan for the newly named Dubuque Technology Park
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 4. That the City Council hold a public hearing on the adoption of the
proposed Amended and Restated Urban Renewal Plan for the Dubuque Technology
Park 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 5. 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.
ATTEST:
41111h.ella
Ke n Firnstahl, ity erk
Roy D. Buol, Mayor
F:\USERS \Econ Dev \Urban Renewal \Tech Park \zos3.1. Amendment \zo1.3o4o9 Resolution of Necessity.dOCX