Loading...
Warehouse Trust, LLC Brownfield Redevelopment Tax CreditMasterpiece on the Mississippi Dubuque kital All- America City II 111! 2012 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Brownfield Redevelopment Tax Credit Application for Warehouse Trust LLC DATE: May 10, 2013 Economic Development Director Dave Heiar recommends City Council approval of a Brownfield Redevelopment Tax Credit Application to the Iowa Economic Development authority on behalf of Warehouse Trust LLC. Warehouse Trust LLC plans to rehabilitate the Novelty Iron Works building, which is a Brownfield site in the Historic Millwork District, for an estimated capital investment of $27,000,000. The developer can qualify for up to $500,000 of tax credits. There is no commitment within this application of any financial assistance by the City. By this resolution, the City is agreeing to sponsor the Brownfield Redevelopment Tax Credit Application. 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 Masterpiece on the Mississippi Dubuque All- America City 1 2007 TO: Michael Van Milligen, City Manager FROM: David J. Heiar, Economic Development Director SUBJECT: Brownfield Redevelopment Tax Credit Application for Warehouse Trust LLC. DATE: May 8, 2013 INTRODUCTION This memorandum presents for City Council approval a Brownfield Redevelopment Tax Credit Application to the Iowa Economic Development Authority (IEDA), on behalf of Warehouse Trust LLC. The City Council is requested to adopt a resolution approving the application. BACKGROUND The State of Iowa established a tax credit in 2009 that is available for redevelopment of brownfields and /or grayfields. If the project is redeveloped in a "green" fashion, extra tax credits are available. The percentage of the tax credit can range from 12% to 30% as follows: Twelve percent (12 %) of the taxpayer's qualifying investment in a Grayfield site. Fifteen percent (15 %) if the Grayfield project meets the requirements of green development. Twenty four percent (24 %) of the taxpayer's qualifying investment in a Brownfield site. Thirty percent (30 %) if the Brownfield project meets the requirements of green development. Warehouse Trust LLC, Plans to rehabilitate the Novelty Iron Works building which is a Brownfield site. A developer can qualify for up to $500,000 of tax credits. DISCUSSION Attached to this memorandum is a resolution that provides for the approval of the application for a Brownfield Redevelopment Tax Credit Application on behalf of Warehouse Trust LLC. The resolution authorizes the City to sponsor the application. Warehouse Trust LLC has estimated a capital investment of $27,000,000 within the Historic Millwork District. A copy of the application is attached to the resolution. RECOMMENDATION I recommend that the City Council approve the proposed application for Warehouse Trust LLC by adopting the attached resolution. This application will provide State of Iowa financial benefits to a local housing developer making a substantial investment in our downtown. There is no commitment within this application of any financial assistance by the City. ACTION STEP The action step for the Council is to adopt the attached resolution. Attachments F: \USERS \Econ Dev \1079 Elm Street Novelty Iron \Brownfield\20130508 Warehouse Trust Brownfield Council Memo.docx Prepared by: David Heiar, Economic Dev Director, 50 West 13th Street, Dubuque IA 52001 563 589 -4393 Return to: Trish L Gleason, Assistant City Clerk, 50 West 13th Street, Dubuque IA 52001 563 589 -4121 RESOLUTION NO. 162 -13 RESOLUTION APPROVING A BROWNFIELD REDEVELOPMENT TAX CREDIT APPLICATION TO THE IOWA ECONOMIC DEVELOPMENT AUTHORITY, ON BEHALF OF WAREHOUSE TRUST LLC. Whereas, the State of Iowa has established a Brownfield Tax Credit Program to assist in the redevelopment of Iowa brownfields; and Whereas, the former Novelty Iron Works building is considered a brownfield site; and Whereas, the Novelty Iron Works Building project will provide much needed residential development to the Historic Millwork District area; and Whereas, the City Council finds that the proposed application is acceptable and necessary to the growth and development of the city. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. The City of Dubuque agrees to sponsor the Brownfield Redevelopment Tax Credit Application on behalf of Warehouse Trust LLC. Section 2. That the Mayor is hereby authorized and directed to execute this Resolution on behalf of the City of Dubuque and forward the executed copy to the Iowa Economic Development Authority. Passed, approved and adopted this 20t" day of May, 2013. Attest: Trish L Gleason, Assistant City Clerk oy D. Buol, Mayor F: \USERS \Econ Dev \1079 Elm Street Novelty Iron \Brownfield\20130508 Resolution Brownfield Warehouse Trust.docx WA Deborah V. Durham, Director Iowa Economic Development Authority FY2014 Brownfield /Grayfield Redevelopment Tax Credit Application Business Development Division Iowa Economic Development Authority Completed and signed original forms with attachments should be sent to: Mail: Iowa Economic Development Authority ATTN: Matt Rasmussen 200 East Grand Avenue Des Moines, Iowa 50309 Questions? Need assistance? Contact Matt Rasmussen, Program Manager at 515.725.3126 or matt.rasmussen(o,iowa.gov PART 1: APPLICANT /SPONSORSHIP /OWNERSHIP INFORMATION Project Street Address: 333 East 10th Street City: Dubuque Applicant: Warehouse Trust L.L.0 Street Address: 333 East 10th Street City: Dubuque State: IA Zip Code: 52001 Contact Person: Rich Bean Telephone Number: 563 - 599 -9200 Email Address. ich @ware iousetrust.com 7- V71-3,7A3 Si g nature: Applicant Sponsor: City of Dubuque - Pending Street Address: 50 West 13th Street City: Dubuque State: IA Zip Code: 52001 Contact Person: Dave Heiar Telephone Number: 563 - 589 -4393 Email Address: dheiar @cityofdubuque.orq Property Owner (if different than applicant): Mid America Holdings, L.L.C. Street Address: 333 East 10th Street City: Dubuque State: IA ZipCode: 52001 Contact Person: Robert L. Johnson Telephone Number: 815 - 990 -3646 Email Address: millworkbob(dgniail.com Signature:'�C/ Applicant is (Please check one): ❑ An individual ❑ Partnership ® Limited Liability Company ❑ S Corporation n Estate ❑ Trust electing to have income taxed directly to the individual ❑ Other (Specify): ATTENTION: For the purpose of this application for Brownfield /Grayfield tax credits, an investment shall be deemed to have been made on the date the qualifying redevelopment project is completed (per Iowa Code Section 15.293A). Qualifying costs only include those that are incurred and paid after Iowa Economic Development Authority (IEDA) Board approval. Successful applicants are required to enter into an agrAement with IEDA in order to receive tax credits upon project completion. Projects are expected to be complete no later than 30 months after IEDA Board approval (per Iowa Code Section 15.293A). Agreement spells out all requirements, including documentation regarding proof of expenses and payment which needs to include a cost certification by an independent Certified Public Accountant licensed in Iowa (per Iowa Code Section 15.293A). 2 v12.31.2012 PART 2: TYPE OF APPLICATION (Please check one) 1:1 Site Owner with Sponsorship of City or County Non-Site Owner with Title Transfer Agreement and Sponsorship of City or County Note: Attach copy of city/county resolution for application and/or sponsorship. If the application is from a non-site owner, please attach the title transfer agreement. Sponsorship is NOT a requirement but encouraged as supporting documentation PART 3: ELIGIBILITY Iowa Code Section 15.291 defines a Brownfield and a Grayfield site. A Brownfield site is an abandoned, idled, or underutilized industrial or commercial facility where expansion or redevelopment is complicated by real or perceived environmental contamination. A brownfield site includes property contiguous with the property on which the individual or commercial facility is located. A brownfield site shall not include property which has been placed, or is proposed for placement on the national priorities list established pursuant to the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), 42 U.S.C. 9601 et seq. A Grayfield site is an industrial or commercial property meeting both (A and B) of the following requirements: A. Infrastructure on the property is outdated or prevents an efficient use of the property, including vacant, blighted, obsolete, or otherwise underutilized property. B. Property improvements and infrastructure are at least 25 years old and one or more of the following conditions exist: • Thirty percent or more of a building located on the property is available for occupancy and has been vacated or unoccupied for at least 12 months; • Assessed value of improvements on the property has decreased by 25 percent or more • The property is used as a parking lot; • Improvements on the property no longer exist. 3.1 Is the project a brownfield or grayfield site as defined under Iowa Code Section 15.291? Yes LJNo 3.2 3.3 Is the proposed site underutilized? CI Yes D No 3.4 3.5 Is the proposed site abandoned? LI Yes No Are site improvements and/or infrastructure at least twenty-five years old? ■ Yes Regarding subject project site (Please check all that apply): Thirty percent or more of a building located on the property is available for occupancy and has been vacated or unoccupied for at least 12 months. Assessed value of improvements on the property has decreased by 25 percent or more. ] The property is used as a parking lot. Past improvements on the property no longer exist. 3.6 Is there evidence of contamination on the proposed site? 3 Yes El No v.1 2..31 _201 2 D No 3.7 Is the site proposed to be included on the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) program list? ❑ Yes ® No 3.8 Does the site have contaminants that can be addressed under the state's Leaking Underground Storage Tank (LUST) program? ❑ Yes ® No 3.9 Does the site have other non -LUST contaminants that may be involved within the scope of the project? ❑ Yes El No 3.10 Please include supporting documentation as to the designation of either a brownfield or grayfield property per definitions above (and Iowa Code section 15.291). This may be included in the city or county sponsorship document or in letter form from a local official, and must specify how project meets the criteria per Iowa Code. Is this supporting documentation attached? ® Yes (1 No PART 4: TYPE AND AMOUNT OF TAX CREDIT REQUESTED ❑ Grayfield (as defined under Iowa Code Section 15.291) Brownfield (as defined under Iowa Code Section 15.291) Iowa Code Section 15.291 defines a Green Development as one which meets or exceeds the sustainable design standards as established by the state building code commissioner pursuant to Iowa Code section 103A.8B. 4.1 Is the project working toward designation as a Green Development? ['Yes No El (If Yes, approval from Iowa State Building Code Commissioner will be required prior to issuance of tax credit. If not approved by Building Code Commissioner, tax credit shall only be issued as regular Brownfield or Grayfield project.) 4.2 Total Project Budget: $27,000,000 + 4.3 Total Project Budget of Qualifying Expenses (includes purchase price, cleanup cost, and redevelopment cost directly related to a qualifying redevelopment project; excludes costs paid for with other governmental assistance such as grants, forgivable loans, other tax credits, etc.): $10,074,000 4.4 II Tax Credit Percentage applied for (provided under Iowa Code Section 15.293A): Twelve percent (12 %) of the taxpayer's qualifying investment in a Grayfield site. Fifteen percent (15 %) if the Grayfield project meets the requirements of green development. Twenty four percent (24 %) of the taxpayer's qualifying investment in a Brownfield site. Thirty percent (30 %) if the Brownfield project meets the requirements of green development. 4.5 Amount of Tax Credit Requested (Total Project Budget of Qualifying Expenses times Tax Credit Percentage): $ 500,000 (This is the MAXIMUM amount of potential tax credit, (reserved amount). In the event the actual approved project costs are less than indicated, or green development is not approved, actual tax credit amount on certificate will be recalculated.) *NO TAX CREDIT SHALL BE ISSUED FOR AN AMOUNT GREATER THAN $500,000" 4.5 Has the Applicant applied for or received funds from any other federal, state, county or city governmental entities? List sources and provided funding status. State Historic Tax Credits- granted 4 v.12 31.2012 Federal Historic Tax Credit- Part 2 approved New Market Tax Credit- awarded T I F agreement- Brownfield Tax Credit 5 v.12.'31.2012 PART 5: PROJECT COSTS SECTION 5.1 Use of Funds TOTAL Project Financing by Source (Use sources as identified in part 5.2) Activity Cost Source A Source B Source C Source D Source E Source F Site lnvestigation Site Remediation Monitoring Site Acquisition Rehabilitation 2089 2089 17,805 422 4826 9767 500 Utilities Other Interest Infrastructure 682 682 Other Development Fee Other Architectural Fees 4500 3018 1482 1931 Other Reserves Subtotal: 450 27457 New Construction Machinery & Equip Other Subtotal: Total: 27457 5789 42815 4826 9767 2290 500 5.2 Terms of Proposed Financing (Attach documentation verifying all sources of funds) Amount Type Rate Term Source (ItIciude all sources in part 5.1) Source A: Qualifying Applicant Source B: Bridge and Permanent Debt Source C; New Market Tax Credits Source D: Federal and State Historic Tax Credits 6 v 12 :31 2012 Source E: 2290 Equity City and State Grants Source F: Brownfield Tax Creidt 500 Equity Total: 7 v.12.31.2012 PART 6: PROJECT DESCRIPTION 6.1 Provide Street address and Legal Description of the property: 333 East 10th Street, Lot #1 of Center City Place #6- see attached Plat of Survey 6.2 Provide site description* (size, location, current and past activity on site, etc.) *Please attach map and pictures of the site and surrounding area. Novelty Iron Works — Phase 1 Residential 333 East 10th Street Dubuque, Iowa 52001 Novelty Iron Works is a development planned for the former factory complex of Eagle Window and Door (before that Caradco before then Carr, Ryder, & Adams, before that Carr, Adams & Collier, originally Novelty Iron Works) located at 333 East 10th Street. The block of buildings is located in Phase One of the Historic Millwork District, which is planned to present a live-work-play environment that is ideal for those desiring life in a downtown urban environment The idle property sits adjacent to Highway 151/61, and is located in close proximity to the Port of Dubuque, the Mississippi River and Dubuque's Main Street District. Plans for Phase One of the Millwork District include a plaza area (ideal for farmer's markets, outdoor concerts, and craft fairs) directly to the south of our building, a parking ramp directly to the south of the plaza area a park area directly to the east of our building, and completed, redesigned, and reconstructed streets and infrastructure surrounding our development. Redevelopment Plan: Commercial/Retail Space and Parking The Warehouse Trust team plans to proceed with several activities including the development of commercial space and rental apartment units — Project NIW Phase. Our scope includes the full restoration of 42,835 SF of commercial/retail space and 96,068SF of residential space. Sustainability We are working with the National Trust for Historic Places to include our redevelopment project in their Dubuque-based Green Lab, which will showcase historic preservation that is performed with sustainability in mind. O We are developing an energy/resource use dashboard to keep tenants aware of their consumption of electricity, water, and gas. O We are working with multiple vendors that are focused on using recycled materials. • We will be replacing all the windows in our development with energy-efficient replacements that fit the strict requirements for historic preservation. Scope of Work Project Specs: - 42,835 Gross SF of commercial space on first floor - 96,068Gross SF of residential apartments on second and third floors Since our building dates back to the late 1800's, our historic renovation project will conform to the Secretary of Interior's Standards for Rehabilitation and Guidelines for Rehabilitating Historic Buildings. This project deals with two buildings, but all five buildings in the Novelty Iron Works complex have already been placed on the National Register of Historic Places. Our development will be ADA compliant. 6.3 List the potential known or suspected contamination present on the project site: Soil 0 Groundwater I-1 Surface Water LII Air El Other: 8 v.12,31_2012 6.4 Does contamination exist throughout the site or in specific areas on the site? Specific area east and north 6.5 Does Contamination extend beyond the property boundaries? Yes 6.6 To what degree have the site contaminates and remediation activities been identified by the applicant? (Check all that apply and provide a brief description) Have any of the following been conducted: ® Phase I Environmental Assessment (describe) ® Phase II Environmental Assessment (describe) ❑ LUST Investigation Assessment Tier I /and or II (attach copy) ❑ Risk Based Corrective Action Plan (attach copy) ® Other: Remediation occurred prior to current owner's acquisition. NFA letter from Iowa DNR attached. 6.7 Project Implementation: Fully describe the project including acquisition, environmental remediation activities, brownfield /grayfield redevelopment and a project implementation schedule. (exhibits may be included but not substituted for this narrative which is limited to two pages) The Acquisition will occur at closing which involves moving the subdivided legal property included in this project scope into a new entity that will include our tax credit partners as co- owners. This is anticipated in July of 2013. The project is focused on redeveloping a brownfield site that has already gone through remediation and has a NFA from the IOWA DNR, and as such no environmental remediation activities. The project key milestones are included in 6.8 below. A detailed redevelopment schedule will further detail and critical path activities are available if desired. 6.8 Project Implementation Schedule: Identify significant project milestone dates. (Start date, midpoint Progress check, and project completion date, etc.) Projected Start Date- 7/15/13 Commercial Space for tenant The Gym- (-12,000 SF) ready for occupancy- 11/30/13. Remaining Commercial space ready for occupancy- 12/31/13 Apartment Units ready for rental- 1/31/14 Projected Completion Date- 3/31/14 PART 7: ESTIMATED COMMUNITY IMPROVEMENT IMPACTS 7.1 Current assessed value of the brownfield /grayfield site: 429,000 7.2 Estimated assessed value of the brownfield /grayfield site after project completion: $5,200,000 7.3 As applicable, describe the private investment on the site as a result of the remediation: This project includes $5,789,000 private investment plus yet- to -be- determined leasehold improvement costs for commercial tenants. 9 v.12.31.2012 7.4 As Applicable, describe any anticipated ancillary (offsite) private and/or public investment that will occur as a result of remediation of the site is positioned to be a catalyst to encourage further development in the district. We feel that the key neighboring district buildings will require an additional $40-50MM of investment and that our project and the City's TIGER complete streets investments will demonstrate the viability of the district and encourage others to invest. 7.5 Describe the potential for the project to promote viable community reuse and/or economic development in the area of the site: (use a five year timeframe) Beyond our immediate area, we have an additional 500,000 SF of redevelopable space in our Historic Millwork District. Other area owners are looking to first-movers...such as our project to demonstrate the viability and feasibility of the district. In the next five years, this additional space is likely to be redeveloped according to our master plan and the intentions of area owners. This would bring an added investment of $50-70MM within the next five years and usher in a full transformation of this blighted area of our City. 7.6 Is the project located in an economic development enterprise zone? 10 Yes flNo v,12 31.2012 Historic Millwork District Novelty Iron Works Complex IBM Parking Ramp IBM Building Lre l Landiorrn Park Foundry Square eI Kirby Farley Plaza • $FS10SlR[1t1l1'' ' Fields of Opportunities STATE OF IOWA THOMAS J. VILSACK, GOVERNOR SALLY J. PEDERSON, LT. GOVERNOR December 29, 2004 Mr. Dean Teeples Corporate EH &S Director Metaldyne 29125 Hall Street Solon, OH 44139 RE: Former Eagle Window and Door Facility (the Site) 375 East Ninth Street, Dubuque, Iowa Dear Mr. Teeples: DEPARTMENT OF NATURAL RESOURCES JEFFREY R. VONK, DIRECTOR i p. C LV V E JAN - 3 2005 We have reviewed Removal Action Report dated December 2004 regarding wood - preservative contamination of soil and groundwater at the above- referenced site. We concur with the findings and recommendations of that report and conclude that residual contamination associated with the Site does not currently pose a significant threat to human health or the environment nor is it likely to in the future. Therefore no additional work is required to address contamination at the Site, subject to conditions described herein. The determination that no further action is required is based on the information available to us at this time. This decision is subject to change in the unlikely event new information becomes available or conditions change such that a significant risk to human health or the environment becomes apparent. We base our determination of no further action on the following information and conditions. The Site is expected to continue with a commercial/industrial land_ use. The source of the wood - preservative contamination has been identified. The tanks that stored the wood preservatives have been removed. Soil in the source area has been removed to reduce the continued release of contaminants to groundwater and eliminate potential unsafe exposure from the soil itself The extent of groundwater contamination has been sufficiently identified both horizontally and vertically. The groundwater contamination plume appears to be stable or decreasing. No existing water - supply wells appear to be threatened. No new water - supply wells are likely to be installed within the existing area of contamination. Permitting authorities for new water- supply wells have been (or will be) informed of the existence of the groundwater contamination from the Site and express no objection to the no further action status. (If objections are expressed we will discuss the matter with the water - permitting authority in an attempt to resolve their concerns prior to requiring additional action.) WALLACE STATE OFFICE BUILDING / 502 EAST 9th STREET J DES MOINES, IOWA 50319 515- 281 -5918 TDD 515- 242 -5967 FAX 515- 281 -6794 www.iowadnr.com Page 2 of 2 December 29, 2004 Mr. Dean Teeples In the unlikely event that a need for additional action with respect to the existing wood- preservative contamination is deemed necessary in the future, the department will consider Metaldyne or its successors to be the party responsible for conducting such action. If Metaldyne (or its successors) is no longer viable at such time, the department could require subsequent property owners to conduct additional investigations and develop a cleanup plan. However, subsequent property owners will not be liable for the cost of cleanup actions, unless they have contributed to the contamination. This letter of no further action does not include liability protections that would be available to a limited degree-through participation in the Iowa Land Recycling Program (567 — Chapter 137, Iowa Administrative Code). This letter also does not constitute a warranty or a representation of any kind to any person as to the environmental condition, marketability, or value of the Site. Interested parties should contact this department to obtain more information on the environmental conditions assessed at the fonder Eagle Window and Door facility. With this letter and upon confirmation of the water - permitting authority notification (without objection), we consider the terms of the March 26, 2002 letter of agreement between Metaldyne and this department to be satisfied. A final accounting of this department's oversight costs will be forthcoming. We would like to commend Metaldyne for the substantial efforts to resolve environmental concerns at the Site. Please contact me at (515) 281 -8900 if you have any questions or concerns. Yours truly, r fr �� Robert D. Drustrup Contaminated Sites Section cc: Cal Lundberg, Supervisor, Iowa DNR Contaminated Sites Section DNR Field Office 1 Kevin Armstrong, MWH MSA PROFESSIONAL May 2, 2013 Matt Rasmussen Iowa Economic Development Authority 200 East Grand Avenue Des Moines, IA 50309 SERVICES TRANSPORTATION • MUNICIPAL DEVELOPMENT • ENVIRONMENTAL Re: Brownfield Certification for Novelty Iron Building Dear Mr. Rasmussen: I have reviewed the definition of Brownfield per Iowa Code Section 15.291 and find the Novelty Iron Works Block located at 333 East 10th Street, Dubuque, Iowa meets the requirements of a Brownfield site. Novelty Iron Works Block is located in Dubuque's Historic Millwork District. This area was the major industrial and manufacturing center from the late 1800's to the early 1920's of the City. By the 1970's most of the industries in the area had closed leaving the buildings vacant or underutilized. This was the fate of the Novelty Iron Works Block. The property consists of five separate brick warehouse buildings as follows: two individual five story buildings totaling 27,099 square feet per floor, three individual three story buildings totaling 26,181 feet per floor, and a single story section of 13,230 square feet constructed in 1909. A one story steel frame building of 13,595 square feet was added in 1991. There is an asphalt parking lot adjacent to the buildings to the east. There are concrete sidewalks adjacent to the building on the north, west and south sides. Three cable operated freight elevators in the building complex service the basement through fifth floors. There is also a hydraulic elevator that services the basement and first floor only. This elevator is currently not operational. Historically the property was occupied by the "Novelty Iron Works" business, and included a foundry, as shown in the 1884 and 1891 Fire Insurance Company maps. Iron works and foundries are known to generate wastes, including principally foundry sand, that contain high levels of metals including lead, arsenic and cadmium. The Elm Street Dump, at 11th Street and Elm Street is adjacent to the Novelty Iron Works Block. Comprehensive Environmental Response Compensation and Liability Information System Archived Sites — is the database of Archive designated CERCLA sites that, to the best of EPA's knowledge, assessment has been completed and has determined no further steps will be taken to list this site on the National Priorities List (NPL). Also, the Iowa Department of Natural Resources has issued a letter No Further Remedial Action Plan for the subject property. Offices in Illinois, Iowa, Minnesota, and Wisconsin © 2013 MSA Professional Services 1605 ASSOCIATES DRIVE, SUITE 102 • DUBUQUE, IA 52002 563.582.3973 • 888.869.1214 • FAX: 563.582.4020 www.msa- fls.com P: \14100s \14180s \14182 \14182000 \Correspondrice 14182000 MSA Brownfield letter for Novelty Iron - Dubuque REvised addrress 5 7 2013.docx Page 2 Name May 7, 2013 Most recently a portion of the main floor has been used as a restoration salvage warehouse. The one story steel addition to the building is being used as a fitness center. The warehouse is currently vacant with many of the windows on the upper floors missing. Adjacent properties to the north remain commercial and light manufacturing. The City Council of Dubuque approved the Historic Millwork Master Plan February 2009 which proposes redevelopment of the area from industrial to mixed uses, including commercial, retail, and residential. Based upon the information above I certify that the Novelty Iron Works Block meets the Brownfield requirements set forth in Iowa Code Section 15.291. Sincerely, MSA Professional Services, Inc. Elzab h Kemp Housing Administrator EJ K © 2013 MSA Professional Services P: \14100s \14180s \14182\ 14182000 \Correspondence \14182000 MSA Brownfield letter for Novelty Iron - Dubuque REvised addrress 5 7 2013.docx Dubuque THE CITY OF hattri DUB E 11111F Masterpiece on the Mississippi 2012 May 6, 2013 Iowa Economic Development Authority Attn: Matt Rasmussen 200 East Grand Avenue Des Moines, IA 50309 Dear Mr. Rasmussen, RE: Brownfield Certification for Novelty Iron Building Economic Development Department City Hall — Second Floor 50 West 13th Street Dubuque, Iowa 52001 -4864 Office (563) 589 -4393 Fax (563) 589 -1733 TTY (563) 690 -6678 econdev @cityofdubuque.org www.cityofdubuque.org I have reviewed the definition of a brownfield site as specified in Section 15.291 of the Iowa Code. The Novelty Iron Building project at 333 East 10t`' Street, definitely meets the requirements of a brownfield site. The Novelty Iron Building is located in the City's Historic Millwork District, which is the initial industrial center of the City of Dubuque. In the late 1800's and early 1900's, the District was the nation's largest concentration of millworking. Unfortunately, most of these industries closed their doors in the 1960's and 1970's and have been vacant or underutilized since that time. In 2006, the Community endorsed the redevelopment of this 17 square block area as one of our top 10 goals through the Envision 2010 process. The Historic Millwork District Master Plan was approved by the City Council in February of 2009. The plan proposes that the District be redeveloped from its former industrial use to a mixed use, which will include commercial and residential elements. The Novelty Iron Building will be the second major industrial building to be rehabilitated as a part of this Master Plan. I do certify that the Novelty Iron Building meets the brownfield requirements as stated in Section 15.291 of the Iowa Code. Sincerely, r- T David J. Hera' eiar Economic Development Director