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Technology Park Urban Renewal District Amendment_Public HearingTHE CITY OF Dui Masterpiece on the Mississippi Dubuque band AI -America City r 2007 • 2012 • 2013 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Amended and Restated Urban Renewal Plan for Dubuque Technology Park Economic Development District DATE: June 10, 2014 Economic Development Director Maurice Jones recommends City Council approval of the Amended and Restated Urban Renewal Plan for the Dubuque Technology Park Economic Development District. The amendment to the Urban Renewal Plan will expand the district to include the new Subarea B and updates planned expenditures. The amendment would provide this area access to the tools and incentives available to urban renewal district properties, including tax increment financing. I concur with the recommendation and respectfully request Mayor and City Council approval. bat44 ., Mic ael C. Van Milligen MCVM:jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Maurice Jones, Economic Development Director THE CITY OF Dui Masterpiece on the Mississippi Dubuque katil All -America City 1111 2007 • 2012 •2013 Economic Development Department 50 West 13th Street Dubuque, Iowa 52001-4864 Office (563) 589-4393 TTY (563) 690-6678 http://www.cityofdubuque.org TO: Michael Van Miliigen, City Manager FROM: Maurice Jones, Economic Development Director SUBJECT: Amended and Restated Urban Renewal Plan for Dubuque Technology Park Economic Development District DATE: June 6, 2014 INTRODUCTION The purpose of this memorandum is to forward for City Council review and approval the Amended and Restated Urban Renewal Pian for the Dubuque Technology Park Economic Development District. The proposed amendment will comply with the provisions of House File 2460, adopted by the Iowa legislature in 2012, requiring urban renewal plans be amended or modified to reflect any active urban renewal project. BACKGROUND On May 19, 2014, the City Council approved a Resolution of Necessity finding that the established urban renewal district meets the definition of an economic development area under state law, and is appropriate for urban renewal activities. Staff has prepared an Amended and Restated Urban Renewal Pian for the district as per the directive of the City Council. A consultation process was conducted with the affected taxing entities as required by Chapter 403.5 of the Iowa Code. Prior to the meeting, the taxing entities were mailed copies of the Amended and Restated Urban Renewal Pian and the Notice of Public Hearing. The required consultation to discuss, question, or object to the findings in these documents was held on May 30, 2014. There were no representatives from the taxing entities in attendance. The Pian was reviewed by the Long Range Planning Commission on May 21, 2014. The Long Range Planning Commission has forwarded its recommendation to the City Council affirming that the Pian is consistent with the City's Comprehensive Pian for development. DISCUSSION The amendments to the Urban Renewal Plan will expand the district to include the new Subarea B (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. Additionally, legislative changes to the urban renewal law in 2012 require further detail on public purpose activities. The plan has been updated to reflect expenditures planned for FY2014-15 that have not been included in previous plans. Those expenditures include: • The construction of water, and sanitary sewer utility lines, associated lift and pump stations, and fiber optic lines along the Highway 151/61 corridor. • Planning, design, engineering, mapping, and survey work associated with the construction of water and sanitary sewer utility lines, associated lift and pump stations, and fiber optic lines along the Highway 151/61 corridor. • Coordination of the improvement of U.S. Highway 61/151 as it affects the District's access to that roadway. RECOMMENDATION/ ACTION STEP I recommend that following the public hearing, the attached resolution adopting the Amended and Restated Urban Renewal Plan be approved to support reinvestment efforts in the District. ?YAS3SPfg/1F3M9f5'F egilISSSriv. l etliorcir9IalvDYN1/4i813Ac iPPEN R69_Fa P_Adoption.doc Planning Services Department City Hall 50 West 13th Street Dubuque, IA 52001-4864 (563) 589-4210 phone (563) 589-4221 fax (563) 690-6678 TDD planning@cityofdubu ue.or The Honorable Mayor and City Council City of Dubuque 50 W.13th Street Dubuque, IA 52001 Masterpiece on the Mississippi RE: Amendment to the Dubuque Technology Park Urban Renewal District Plan Dear Mayor and City Council Members: Dubuque ***** All America City 2012 May 22, 2014 Introduction The Long Range Planning Advisory Commission has reviewed the proposed amendment to the Dubuque Technology Park Urban Renewal District Plan. Discussion Staff reviewed the amendment will result in expansion of City utility services along the U.S. Highway 61/151 right-of-way to the Dubuque Regional Airport, with the intent to serve the Airport and promote development opportunities. Staff explained that the amendment will also remove several undeveloped properties from the District due to the approaching 20 -year time limit on tax increment financing in this District. Staff reviewed that these parcels can be added in the future when development occurs to provide access to tax increment financing. Staff noted consistency with the Comprehensive Plan. The Commission reviewed the request and found the amendment is consistent with the Comprehensive Plan's goals and objectives to promote economic development and planned and managed growth. Recommendation By a vote of 7 to 0, the Commission recommends the amendment to the Dubuque Technology Park Urban Renewal District Plan, as it is consistent with the 2008 Dubuque Comprehensive Plan. Respectfully submitted, John Pregler, Chairperson Long Range Planning Advisory Commission Enclosures cc: Maurice Jones, Economic Development Director Service People Integrity Responsibility Innovation Teamwork Prepared By: Jill Connors, ED City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4393 Return To: Kevin Firnstahl, City Clerk City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4121 RESOLUTION NO. 179-14 APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN FOR THE DUBUQUE TECHNOLOGY PARK ECONOMIC DEVELOPMENT DISTRICT Whereas, by Resolution 154-14 on May 19, 2014 the City Council of the City of Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal Plan (the "Plan") for the Dubuque Technology Park Economic Development District (the "District"); and Whereas, the City of Dubuque's primary objective in amending this Plan is to provide opportunities which will further economic development purposes and objectives as described in the Urban Renewal Plan; and Whereas, the City Council has found that certain areas adjacent to the District meet the definition of an economic development area as found in Chapter 403 of the Iowa Code and should be included therein; and Whereas, the areas adjacent to the District include properties located within two miles of, but outside the corporate limits of, the City, for the purpose of undertaking an urban renewal project; and Whereas, Iowa Code Section 403.17(4) requires the consent of Dubuque County before the City can proceed with the expansion of said District; and Whereas, the Board of Supervisors of Dubuque County, Iowa has reviewed the proposed amendment to the District and has determined to consent to the expansion of the District as so proposed in a Joint Agreement between the parties; 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 Dubuque Technology Park Economic Development District, on file in the City Clerk's Office and made reference to herein, is hereby approved. Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and directed to file a certified copy of this Resolution in the office of the Dubuque County Recorder. Passed, approved and adopted this 16th day of June, 2014. Attest: Kevi S. Firnstah , City Clerk Roy D. Buol, Mayor AVNINNIINAINI Doc ID: 008033670003 Type:EN GE Kind: RESOLUTIONN Recorded: 06/27/2014 at 03:06:44 PM Fee Amt: $17.00 Pape 1 of 3 Dubuque County Iowa Kathy Flynn Thurlow Recorder File2014_00006889 Prepared By: Jill Connors, ED City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4393 Return To: Kevin Firnstahl, City Clerk City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4121 RESOLUTION NO. 179-14 APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN FOR THE DUBUQUE TECHNOLOGY PARK ECONOMIC DEVELOPMENT DISTRICT Whereas, by Resolution 154-14 on May 19, 2014 the City Council of the City of Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal Plan (the "Plan") for the Dubuque Technology Park Economic Development District (the "District"); and Whereas, the City of Dubuque's primary objective in amending this Plan is to provide opportunities which will further economic development purposes and objectives as described in the Urban Renewal Plan; and Whereas, the City Council has found that certain areas adjacent to the District meet the definition of an economic development area as found in Chapter 403 of the Iowa Code and should be included therein; and Whereas, the areas adjacent to the District include properties located within two miles of, but outside the corporate limits of, the City, for the purpose of undertaking an urban renewal project; and Whereas, Iowa Code Section 403.17(4) requires the consent of Dubuque County before the City can proceed with the expansion of said District; and Whereas, the Board of Supervisors of Dubuque County, Iowa has reviewed the proposed amendment to the District and has determined to consent to the expansion of the District as so proposed in a Joint Agreement between the parties; 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. 7oc, C ter 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 Dubuque Technology Park Economic Development District, on file in the City Clerk's Office and made reference to herein, is hereby approved. Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and directed to file a certified copy of this Resolution in the office of the Dubuque County Recorder. Passed, approved and adopted this 16th day of June, 2014. Attest: �1 lir> offer Kevi S. Firnstah , City Clerk Roy D. Buol, Mayor Prepared by: Return to: Phil Wagner, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4393 Kevin S. Firnstahl, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4121 AMENDED and RESTATED URBAN RENEWAL PLAN Dubuque Technology Park Economic Development District (Previously known as the Dubuque Industrial Center / South Economic Development District; and before then, the Site F Economic Development District) City of Dubuque, Iowa This Amended and Restated Urban Renewal Plan provides for the continued development of the Dubuque Technology Park, (previously known as the Dubuque Industrial Center/South Economic Development District; and before then, the Site F Economic Development District) originally established by Resolution 141-97 and thereafter amended and restated by Resolution 172-13 on June 03, 2013, and Resolution -14 on 2014. TABLE OF CONTENTS A. INTRODUCTION Page 1 B. OBJECTIVES Page 1 C. DISTRICT BOUNDARIES Page 2 D. PUBLIC PURPOSE ACTIVITIES Page 2 E. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS Page 5 F. LAND ACQUISITION AND DISPOSITION Page 6 G. FINANCING ACTIVITIES Page 6 H. STATE AND LOCAL REQUIREMENTS Page 9 I. DURATION OF APPROVED URBAN RENEWAL PLAN Page 9 J. SEVERABILITY Page 9 K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN Page 9 L. ATTACHMENTS Page 9 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 DUBUQUE TECHNOLOGY PARK ECONOMIC DEVELOPMENT DISTRICT (the "District"). The District previously was known as the Dubuque Industrial Center/South Economic Development District, and before then, the Site F Economic Development 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. Under this Plan, the District is being amended to remove undeveloped property from the District (Attachment E-1). Additionally, the District is being expanded to create a new area known as Subarea B. The existing portion of the District, excluding the removed undeveloped property, will be henceforth referred to as Subarea A. This Plan shall serve as a new urban renewal plan for the amended District described herein. The Plan shall be viewed as a single plan for purposes of fulfilling the objectives of the Plan. The separate subareas of the Plan will be maintained and observed for those purposes which are aided by or in need of the division, but the combined and expanded area comprising the District shall be treated together for planning and redevelopment purposes. The division of taxation and the separation of incremental taxes authorized by Iowa Code Section 403.19 have been implemented in Subarea A of the District. No incremental taxes will be generated or collected by the City from properties located in Subarea B. Under the terms of this Plan and conforming amendments to the applicable tax increment ordinances, the tax increment mechanism described in Iowa Code Section 403.19 shall continue to apply in Subarea A of the District. Incremental taxes in Subarea A may be used in Subarea A or Subarea B, subject to such liens and priorities as may exist or be from time to time provided, with respect to the District and Plan, as amended. B. OBJECTIVES OF THE PLAN The primary objectives of the Plan are the development and redevelopment of the District for economic development activities, primarily industrial park development, through: 1. Provision of marketable industrial development sites for the purpose of job -creating economic development activities; 2. Provision of public infrastructure improvements, including sanitary sewer, water and stormwater detention, supportive of full development of the 1 District; 3. Provision of a safe, efficient and attractive circulation system; 4. Establishment of design standards which will assure cohesive and compatible development and redevelopment of the District; 5. Provision of public amenities that provide an aesthetically appealing environment, including open space, buffering, landscaping, water features, signage and lighting to create a distinctive and attractive setting; 6. Creation of financial incentives necessary to encourage new and existing businesses to invest in the District; and 7. Expansion of the property tax base of the District. C. DISTRICT BOUNDARIES The District is located entirely within the County of Dubuque, State of Iowa. Portions of the District, including all of Subarea A, reside within the City of Dubuque. In accordance with Iowa Code Section 403.17(4), Dubuque County consented to the inclusion of Subarea B in the District in a Joint Agreement between the City and County, dated April 21, 2014. The City of Dubuque believes that the objectives of the Plan can best be accomplished by defining the real property included within the District as two separate areas so as to distinguish the newly revised original District (Subarea A) from the subsequent expansion area (Subarea B). The descriptions of the boundaries of each Subarea are attached to this Plan as ATTACHMENT D, District Boundary Description by Subarea. The boundaries of the District are delineated on the Subarea Map, attached to this plan as ATTACHMENT A. 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. D. PUBLIC PURPOSE ACTIVITIES 2 To meet the OBJECTIVES of this Plan, the City of Dubuque has and expects to continue to initiate and support development and redevelopment of the District through, among other things, the following PUBLIC PURPOSE ACTIVITIES: 1. Acquisition of property for public improvements and private development; 2. Demolition and clearance of improvements not compatible with or necessary for industrial park development and all site preparation and grading required in connection with such development; a.) These activities include, but are not limited to, the previously approved site work and grading associated with the development of the Dubuque Technology Park. 3. Improvement, installation, construction and reconstruction of streets, utilities and other improvements and rights -of -ways including but not limited to the relocation of overhead utility lines, street lights, appropriate landscaping and buffers, open space and signage; a.) These activities include, but are not limited to, the construction of water, and sanitary sewer utility lines, associated lift and pump stations, and fiber optic lines along the Highway 151/61 corridor. b.) These activities include, but are not limited to, the previously approved development of roads, water, wastewater and storm water infrastructure associated with the development of the Dubuque Technology Park. 4. Disposition of any property acquired in the District, including sale, initial leasing or retention by the City itself, at its fair value; 5. Preparation of property for development and redevelopment purposes including but not limited to activities such as appraisals and architectural and engineering studies; a.) These activities include, but are not limited to, planning, design, engineering, mapping, and survey work associated with the construction of water and sanitary sewer utility lines, associated lift and pump stations, and fiber optic lines along the Highway 151/61 corridor. b.) These activities include, but are not limited to, the previously approved site work and grading associated with the development of 3 the Dubuque Technology Park. 6. Maintenance of publicly utilized recreational and economic development areas; a.) These activities include, but are not limited to, general landscaping and maintenance expenses in public right-of-way and undeveloped land owned by the City of Dubuque. 7. Use of tax increment financing, loans, grants and other appropriate financial tools in support of eligible public and private development and redevelopment efforts; a.) These activities include, but are not limited to, previously approved property tax rebate agreements with: • Conlon Johnson Development, LLC (Sedgwick) • Conlon Johnson Development, LLC (Sedgwick Phase II) • L&J Properties Dubuque, LLC • Kunkel Bounds and Associate, Inc. 8. Enforcement of applicable local, state and federal laws, codes and regulations; 9. Enforcement of established design standards in furtherance of quality development; 10. Development and implementation of a marketing program for the purpose of promoting the purchase and development of industrial sites by private businesses; 11. Coordination of the improvement of U.S. Highway 61/151 as it affects the District's access to that roadway. 12. Contracts with vendors to promote business retention, expansion, recruitment, and workforce development; a.) These activities include, but are not limited to, a contract for service with the Greater Dubuque Development Corporation to promote business retention and expansion, workforce development, new business recruitment and retail expansion in the District. Public purpose activities are limited to those areas delineated on the urban renewal 4 district Subarea Map (ATTACHMENT A). All public purpose activities shall be conditioned upon and shall meet the restrictions and limitations placed upon the District by the Plan. E. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall apply to any and all District properties the development and/or the redevelopment of which is assisted by the City through any of the PUBLIC PURPOSE ACTIVITIES listed above. ATTACHMENT B-1 and ATTACHMENT B-2 identify the existing and proposed land uses within the District. 1. Land Use a. Subarea A: The intent of this Plan is to promote the development of commercial and industrial land uses within a quality industrial park setting. All uses shall be regulated by the zoning district established for the property. b. Subarea B: The intent of this Plan is to preserve the established agricultural, residential, commercial and land uses while allowing for development adjacent to Highway 61. 2. Planning and Design Criteria Subarea A: The planning criteria to be used to guide the physical development of Subarea A are those standards and guidelines contained within the City of Dubuque's Unified Development Code and other applicable local, state and federal codes and ordinances. The current zoning designation is PI Planned Industrial District as required by Section 16-5-24 of the City of Dubuque's Unified Development Code. Development within Subarea A will follow the Planned Unit Development regulations which require a conceptual development plan and specific design and performance standards to be approved by ordinance. Subarea B: The planning and design criteria to be used to guide the physical development of Subarea B are those standards within the City of Dubuque's Unified Development Code for the portion of the property within the City of Dubuque's corporate limits, the Dubuque County Zoning Ordinance for the portions of the property within Dubuque County, and other applicable state and federal codes. 5 The current zoning designation is agricultural (AG -Agricultural District) for the portion of the property within the City limits, as defined by Section 16-5-21 of the City of Dubuque's Unified Development Code. The current zoning designation for the portion of the property in the unincorporated area, as defined by Dubuque County Zoning Ordinance is reflected on Attachment B-2 F. 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 No land acquisitions are anticipated in the District at this time. 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 the Iowa Code Urban Renewal Law. Developers 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 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. 3. Relocation Requirements No relocation is anticipated at this time. G. FINANCING ACTIVITIES To meet the OBJECTIVES of this Plan and to encourage the development of the District and private investment therein, the City of Dubuque is prepared to provide financial assistance to qualified industries and businesses through the making of loans or grants under Chapter 15A of the Iowa Code and through the use of tax increment 6 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 and businesses 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 businesses located within the District. 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 throughout the District, identified in Part D of this Plan. However no incremental taxes will be generated or collected by the City from properties located in Subarea B. 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 development of new industrial land and to promote private investment in the District is necessary in the 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 less 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 7 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 for, among other things, the following costs to the extent they are incurred by the City: a. Planning and administration of the Plan; b. Construction of public infrastructure improvements and facilities within the District; c. Acquisition, installation, maintenance and replacement of public investments throughout the District including but not limited to street lights, landscaping and buffers, signage and appropriate amenities; 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 qualified businesses; f. Loans or grants to qualified businesses 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. h. Any of the costs incurred in connection with any of the PUBLIC PURPOSE ACTIVITIES described in Part D of this Plan. 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. 8 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 $23,000,000. The City of Dubuque's current general obligation debt is $114,024,618 (a list of the outstanding obligations is found as ATTACHMENT C - List of General Obligation Debt) and the applicable constitutional debt limit is $193,113,721 for the Fiscal Year ending June 30, 2015 H. 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. I. DURATION OF APPROVED URBAN RENEWAL PLAN This Plan, for all Subareas, shall continue in effect until terminated by the City Council; provided, however, that the collection of tax increment revenues from properties located in Subarea A of the District shall be limited, as provided by law (currently twenty (20) years from the calendar year following the calendar year in which the City first certifies to the County Auditor the amount of any loans, advances, indebtedness or bonds which qualify for payment from the division of tax increment revenue provided for in Section 403.19 (tax increment financing) of the Iowa Code.) 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 J. 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 Urban Renewal Plan shall be construed and implemented as if such provision had never been contained herein. 9 K. 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. Any change effecting any property or contractual right can be effectuated only in accordance with applicable state and local law. L. ATTACHMENTS A Subarea Map B Land Use Maps B-1 Existing Land Use B-2 Proposed Land Use C List of General Obligation Debt D District Boundary Description by Subarea E Area to be removed from Dubuque Technology Park Urban Renewal District E-1 Map of land to be removed E-2 Legal description of land to be removed F:\USERS\Econ Dev\Urban Renewal\Tech Park \2014.1 Amendment\TECH PARK UR PLAN.docx 10 Dubuque Technology Park Attachment A Subarea Map 'IIIA' Rdi,sterpieee on theIVE6sissippi Dubuque Technology Park Attachment B-1 Existing Land Use � Pi9 x a DATA. O -{ crl TI IF CITY OF r Dubuque 1211211 DUBUQ EI -11P Rdi,sterpieee on theIVE6sissippi ET CENTER DR UI City of Dubuque Land Use Light Industrial Office Park Dubuque County Land Use Open Space Institutional Industrial Agriculture Commercial Single Family Residential Urban Renewal Districts Dubuque City Limits Dubuque Technology Park Attachment B-2 Proposed Land Use CS.- <� r 1 J:'6z 0 h r vSWILDLIFE / MET a xi CV.eR•. ren TI IF CITY OF r Dubuque 11211211 DUBUQ EI -11P Rdi,sterpieee on i e lvliasissiyp Planned Industrial District (City) Conservation (County) Industrial (County) Rural Density Residential (County) Single Family (County) Urban Renewal Districts 1411 Dubuque City Limits City of Dubuque Summary of Bonded Indebtedness ATTACHMENT C Description Date Net Year of Amount Principal Principal Interest Principal of Interest Final of Outstanding Due Due Outstanding Bond Series Issue Rate Payment Issue 6/30/14 FY 2015 FY 2015 6/30/15 General Obligation Bonds (Essential Corporate Purpose) Water Main and Water Tower- Refunded Series 2012G 12-01-02 3.8187% 2017 3,105,000 575,000 190,000 6,712 385,000 Stormwater Improvements Series 2003A 09-15-03 4.2750% 2023 2,110,000 1,130,000 105,000 49,965 1,025,000 Stormwater Improvements Series 2005A 04-18-05 4.2421% 2024 1,750,000 1,080,000 90,000 46,902 990,000 DICW Expansion -Taxable Series 20121 11-04-12 1.2193% 2016 2,995,000 675,000 350,000 6,750 325,000 DICW Expansion -Non Taxable Series 2005B 04-18-05 4.1240% 2021 4,270,000 3,195,000 145,000 131,718 3,050,000 Refinanced Portions 5th/3rd St/IA Ramps Series 20121 11-04-12 1.2193% 2021 3,360,000 4,202,635 699,635 51,684 3,503,000 Refinanced Portions of T -Hangars Series 20121 11-04-12 1.2193% 2020 165,000 317,365 50,365 4,008 267,000 Stormwater Improvements Series 2006A 05-02-06 4.0665% 2025 2,900,000 1,970,000 140,000 80,275 1,830,000 Sewer System Improvements & Ext. Series 2007C 12-01-07 3.6596% 2017 1,055,000 390,000 125,000 14,108 265,000 Stormwater Improvements Series 2008A 11-04-08 4.5702% 2028 3,885,000 3,040,000 165,000 135,502 2,875,000 Kephart's Building Series 2008B 11-04-08 4.2334% 2024 377,055 254,030 23,940 10,474 230,090 Library Renovation Series 2008B 11-04-08 4.2334% 2024 2,457,945 1,655,970 156,060 68,276 1,499,910 DICW Expansion -Non Taxable Series 2008B 11-04-08 4.2334% 2023 455,000 305,000 30,000 12,575 275,000 DICW Expansion -Taxable Series 2008C 11-04-08 5.5369% 2018 2,465,000 1,560,000 355,000 84,912 1,205,000 Airport Improvements Series 2009A 11-05-09 3.2913% 2029 230,000 190,000 10,000 9,280 180,000 Fire Truck Replacement Series 2009A 11-05-09 3.2913% 2029 1,410,000 1,175,000 60,000 57,280 1,115,000 Fiber Optic Paving Series 2009A 11-05-09 3.2913% 2029 100,000 80,000 5,000 3,870 75,000 Streetlight Replacement Series 2009A 11-05-09 3.2913% 2018 40,000 20,000 5,000 790 15,000 Stormwater Improvements Series 2009A 11-05-09 3.2913% 2029 1,155,000 965,000 50,000 47,040 915,000 Central Ave Parking Ramp Series 2009B 11-05-09 3.2325% 2029 9,310,000 7,770,000 405,000 374,694 7,365,000 DICW - North Siegert Improvements Series 2009B 11-05-09 3.2325% 2029 1,865,000 1,560,000 80,000 75,182 1,480,000 America's River Refunding Series 2009C 11-05-09 2.7913% 2021 8,885,000 5,500,000 705,000 216,475 4,795,000 Main Street - Refunding Series 2010A 08-02-10 2.4203% 2021 705,000 475,000 65,000 12,232 410,000 Airport Series 2010A 08-02-10 3.2838% 2030 176,361 154,813 7,495 5,010 147,318 Smart Meters for City Buildings Series 2010A 08-02-10 3.2838% 2030 62,835 55,158 2,670 1,785 52,488 Park Water System Study Series 2010A 08-02-10 3.2838% 2030 83,518 73,315 3,549 2,373 69,766 Refuse Series 2010A 08-02-10 3.2838% 2030 69,946 61,399 2,972 1,987 58,427 Stormwater Improvements Series 2010A 08-02-10 3.2838% 2030 1,667,481 1,463,752 70,862 47,370 1,392,890 Public Works Equipment Replacement Series 2010A 08-02-10 3.2838% 2030 542,488 476,208 23,054 15,411 453,154 Street Improvements Series 2010A 08-02-10 3.2838% 2030 270,822 237,732 11,509 7,694 226,223 Sanitary Improvements Series 2010A 08-02-10 32838% 2030 891,550 782,622 37,888 25,327 744,734 Downtown Housing RFP/40 Main Series 2010B 08-02-10 4.6650% 2030 2,675,000 2,400,000 95,000 106,165 2,305,000 Millwork District Parking Series 2010C 08-02-10 3.3265% 2030 2,825,000 2,480,000 120,000 78,400 2,360,000 Southwest Arterial Series 2011A 08-01-11 3.3045% 2031 1,029,285 943,917 43,090 31,347 900,827 Refuse Series 2011A 08-01-11 3.3045% 2031 36,615 33,578 1,533 1,115 32,045 Sanitary Sewer Improvements Series 2011A 08-01-11 3.3045% 2031 1,374,068 1,260,105 57,524 41,848 1,202,581 Stormwater Improvements Series 2011A 08-01-11 3.3045% 2031 2,287,260 2,097,559 95,754 69,658 2,001,805 Iowa Street Ramp Improvements Series 2011A 08-01-11 3.3045% 2031 60,720 55,684 2,542 1,850 53,142 Water System Improvements Series 2011A 08-01-11 3.3045% 2031 1,542,052 1,414,156 64,557 46,964 1,349,599 18th Street Building Improvements Series 2011 B 08-01-11 3.5863% 2026 620,041 542,049 38,996 18,256 503,053 DICW Expansion - South Siegert Farm Series 2011B 08-01-11 3.5863% 2026 378,965 331,297 23,834 11,158 307,463 Description Date Net Year of Amount Principal Principal Interest Principal of Interest Final of Outstanding Due Due Outstanding Bond Series Issue Rate Payment Issue 6/30/14 FY 2015 FY 2015 6/30/15 General Obligation Bonds (Essential Corporate Purpose) Port of Dubuque Parking Ramp Series 20116 08-01-11 3.5863% 2026 590,994 516,656 37,169 17,400 479,487 Intermodal Series 2012A 02-06-12 2.5444% 2031 4,380,000 4,175,000 205,000 • 99,012 3,970,000 Stormwater Improvements Series 2012B 02-06-12 2.7031% 2031 1,935,000 1,775,000 90,000 48,570 1,685,000 7th Street/2-Way Conversion Series 2012B 02-06-12 2.7031% 2031 5,560,000 5,300,000 260,000 130,694 5,040,000 Washington Neighborhood Business Incentives Series 2012C 06-04-12 3.1972% 2032 755,000 755,000 35,000 22,205 720,000 Airport Improvements Series 2012C 06-04-12 3.1972% 2032 90,000 80,000 10,000 1,685 70,000 Airport Improvements .Series 2012C 06-04-12 3.1972% 2032 2,145,000 2,055,000 95,000 60,478 1,960,000 DICW Expansion - South Siegert Farm - Taxable Series 2012C 06-04-12 3.1972% 2032 3,975,000 3,805,000 170,000 112,060 3,635,000 DICW Expansion - South Siegert Farm- Non-taxable Series 2012D 06-04-12 2.7903% 2032 425,000 410,000 15,000 12,462 395,000 Airport Utility Extension - Tech South - Const Series 2012D 06-04-12 2.7903% 2018 945,000 765,000 185,000 21,100 580,000 Fire Pumper Series 2012D 06-04-12 2.7903% 2027 269,800 252,050 17,750 7,384 234,300 Fire Station #4 Improvements Series 2012D 06-04-12 2/903% 2022 65,000 60,000 5,000 1,750 55,000 E911 Tower Relocation Series 2012D 06-04-12 2.7903% 2027 235,800 221,400 14,400 6,498 207,000 Park Improvements -15 Year Bonds Series 2012D 06-04-12 2.7903% 2027 65,500 61,500 4,000 1,805 57,500 Civic Center Improvements Series 2012D 06-0412 2/903% 2027 550,200 516,600 33,600 15,162 483,000 Conference Center Improvements Series 2012D 06-04-12 2/903% 2022 60,200 55,900 4,300 1,634 51,600 Recreation Improvements -10 year bonds Series 2012D 06-04-12 2.7903% 2022 9,800 9,100 700 266 8,400 Library Improvements Series 2012D 06-04-12 2/903% 2022 65,500 61,500 4,000 1,805 57,500 City Hall Brickwork Series 2012D 06-04-12 2/903% 2027 393,000 369,000 24,000 10,830 345,000 FEMA Land Buyout Series 2012D 06-04-12 2.7903% 2027 110,200 102,950 7,250 3,016 95,700 Locust Ramp Security Cameras Series 2012D 06-04-12 2.7903% 2033 175,000 170,000 5,000 5,163 165,000 Sanitary Sewer Improvements Series 2012D 06-04-12 2.7903% 2033 1,560,000 1,495,000 65,000 45,144 1,430,000 Stormwater Improvements Series 2012D 06-04-12 2.7903% 2033 405,000 390,000 15,000 11,850 375,000 Water System Improvements Series 2012D 06-04-12 2/903% 2033 1,840,000 1,765,000 75,000 53,550 1,690,000 DICW Expansion - Consultant Series 2012H 11-04-12 2.5337% 2032 151,447 151,447 6,724 3,586 144,723 Airport Utility Extension - Tech South -Design Series 2012H 11-04-12 Z5337% 2018 50,562 50,562 13,650 1,029 36,912 Granger Creek Trail - Tech South Series 2012H 11-04-12 2.5337% 2018 194,854 194,854 51,350 3,871 143,504 GDTIF ADA Restroom Series 2012H 11-04-12 2.5337% 2032 222,043 222,043 9,710 5,179 212,333 GDTIF Sidewalks to McAleece Series 2012H 11-04-12 2.5337% 2032 105,178 105,178 4,414 2,354 100,764 GDTIF MCFC Second Floor Renovation Series 2012H 11-04-12 2.5337% 2032 1,413,351 1,413,351 62,676 33,429 1,350,675 GDTIF Rail Platform Series 2012H 11-04-12 2.5337% 2032 247,563 247,563 11,476 6,121 236,087 GDTIF MCIC Improvements Series 2012F 11-04-12 1.7008% 2032 256,887 256,887 30,000 3,940 226,887 GDTIF Wash Neighborhood Business Grants Series 2012F 11-04-12 1/008% 2032 302,220 302,220 34,800 4,570 267,420 GDTIF Business ADA Assistance Series 2012F 11-04-12 1.7008% 2032 25,150 25,150 2,400 315 22,750 GDTIF DT Housing Incentives Series 2012F 11-04-12 1.7008% 2032 173,776 173,776 20,400 2,679 153,376 GDTIF Financial Consultant Grant Series 2012F 11-04-12 1/008% 2032 100,705 100,705 12,000 1,576 88,705 GDTIF DT Facade Grant Series 2012F 11-04-12 1.7008% 2032 151,110 151,110 18,000 2,364 133,110 GDTIF Hist District Improvements Grant Series 2012F 11-04-12 1.7008% 2032 25,150 25,150 2,400 315 22,750 Police Software Replacement Series 2012E 11-04-12 2.4872% 2022 356,720 325,220 34,650 6,536 290,570 Park Improvements -10 Year bonds Series 2012E 11-04-12 2.4872% 2022 211,120 192,620 20,350 3,839 172,270 Park Improvements -10 Year bonds Series 2012E 11-04-12 2.4872% 2022 171,808 158,008 13,800 3,151 144,208 Recreation Improvements -10 year bonds Series 2012E 11-04-12 2.4872% 2027 14,924 13,724 1,200 274 12,524 Library Improvements Series 2012E 11-04-12 2.4872% 2027 173,992 163,992 10,000 3,594 153,992 Southwest Arterial Series 2012E 11-04-12 2.4872% 2032 1,282,372 1,225,625 56,747 29,795 1,168,878 Sanitary Forecmain Repair Series 2012E 11-04-12 2.4872% 2032 652,652 623,744 28,908 15,178 594,836 7th Street Stormwater Improvments Series 2012E 11-04-12 2.4872% 2032 133,952 128,025 5,927 3,112 122,098 Water System Improvements Series 2012E 11-04-12 2A872% 2032 642,460 614,042 28,418 14,921 585,624 Dubuque Initiatives Loan Guaranty (Ends 2017) Future 3.5000% 2017 10,000,000 10,000,000 10,000,000 FY14 Planned Projects Future 3.5000% 2034 5,610,565 5,330,037 280,528 116,228 5,049,509 FY15 Planned Projects Future 3.5000% 2035 21,432,697 909,771 764,208 20,522,926 Total General Obligation Bonds 142,353,259 100,351,853 7,760,297 3,738,108 114,024,618 Attachment D Dubuque Technology Park Economic Development District (Previously known as the Dubuque Industrial Center / South Economic Development District; and before then, the Site F Economic Development District) Version 2014.1 District Boundary Description by Subarea 1. Subarea A of the District shall include that area described as follows: LOT D OF DUBUQUE TECHNOLOGY PARK, LOT 3 IN BLOCK 1 OF DUBUQUE TECHNOLOGY PARK, LOT 4 IN BLOCK 1 OF DUBUQUE TECHNOLOGY PARK AND ALSO LOT 1 OF DUBUQUE TECHNOLOGY PARK NO. 2, LOT 11 IN BLOCK 2 OF DUBUQUE TECHNOLOGY PARK, LOT 1-10 IN BLOCK 2 OF DUBUQUE TECHNOLOGY PARK, LOT 2-1 OF DUBUQUE TECHNOLOGY PARK NO. 3, LOT 6 IN BLOCK 2 OF DUBUQUE TECHNOLOGY PARK, LOT 4 & 5 IN BLOCK 2 DUBUQUE TECHNOLOGY PARK; AND ALL OF THE DIGITAL DRIVE RIGHT OF WAY ADJACENT TO LOT 2-1 OF DUBUQUE TECHNOLOGY PARK NO. 3, LOT 1-10 IN BLOCK 2 OF DUBUQUE TECHNOLOGY PARK, AND LOT 11 IN BLOCK 2 OF DUBUQUE TECHNOLOGY PARK, ALL IN THE CITY OF DUBUQUE, DUBUQUE COUNTY, IOWA, 2. Subarea B of the District shall include that area described as follows: Commencing at the Southwest (SW) Corner of Lot D of the Dubuque Technology Park in the City of Dubuque, Iowa; thence North 87 degrees 55 minutes 02 seconds East 30.00 feet along the South Line of said Lot D to the Point of Beginning; thence North 87 degrees 55 minutes 02 seconds East 20.00 feet along said South Line; thence South 02 degrees 29 minutes 54 seconds East 129.38 feet; thence Southeasterly 229.98 feet along a 1140.00 foot radius curve concave Northeasterly and tangent to the proceeding course having a 229.59 foot chord bearing South 08 degrees 16 minutes 39 seconds East; thence South 14 degrees 03 minutes 25 seconds East 266.67 feet; thence South 09 degrees 11 minutes 37 seconds West 185.13 feet; thence South 20 degrees 26 minutes 37 seconds West 70.62 feet; thence South 31 degrees 41 minutes 37 seconds West 101.98 feet; thence South 08 degrees 51 minutes 41 seconds West 44.91 feet; 1 Attachment D thence South 02 degrees 23 minutes 19 seconds East 39.36 feet; thence North 56 degrees 10 minutes 48 seconds East 362.38 feet; thence North 58 degrees 17 minutes 06 seconds East 374.06 feet; thence North 45 degrees 24 minutes 42 seconds East 369.94 feet; thence North 02 degrees 26 minutes 23 seconds East 399.94 feet; thence North 44 degrees 50 minutes 44 seconds East 13.59 feet to a point on the South Line of said Lot D; thence North 87 degrees 55 minutes 02 seconds East 29.29 feet along said South Line; thence South 44 degrees 50 minutes 44 seconds West 27.22 feet; thence South 02 degrees 26 minutes 23 seconds West 400.06 feet; thence South 45 degrees 24 minutes 42 seconds West 380.06 feet; thence South 58 degrees 17 minutes 06 seconds West 375.94 feet; thence South 56 degrees 10 minutes 48 seconds West 374.24 feet; thence South 02 degrees 23 minutes 19 seconds East 268.67 feet; thence South 33 degrees 01 minutes 47 seconds West 332.79 feet; thence South 28 degrees 32 minutes 57 seconds West 240.03 feet; thence South 04 degrees 03 minutes 28 seconds West 237.47 feet; thence South 17 degrees 27 minutes 07 seconds East 278.65 feet; thence South 14 degrees 36 minutes 27 seconds West 322.41 feet; thence South 25 degrees 17 minutes 00 seconds West 133.92 feet; thence South 39 degrees 31 minutes 57 seconds West 105.21 feet; thence South 12 degrees 25 minutes 44 seconds West 116.61 feet; thence South 47 degrees 36 minutes 33 seconds West 367.75 feet; thence South 35 degrees 53 minutes 39 seconds West 653.35 feet; thence South 45 degrees 46 minutes 18 seconds West 223.10 feet; thence South 27 degrees 34 minutes 25 seconds West 127.50 feet; thence South 39 degrees 36 minutes 57 seconds West 188.70 feet; 2 Attachment D thence South 58 degrees 35 minutes 29 seconds West 266.94 feet; thence South 69 degrees 47 minutes 09 seconds West 183.73 feet; thence South 36 degrees 22 minutes 21 seconds West 440.22 feet; thence North 72 degrees 38 minutes 44 seconds West 315.52 feet; thence Southwesterly 232.28 feet along a 780.00 foot radius curve concave Southeasterly and having a 231.42 foot chord bearing South 39 degrees 59 minutes 43 seconds West; thence South 35 degrees 16 minutes 20 seconds West 221.67 feet; thence South 01 degrees 24 minutes 09 seconds West 438.61 feet; thence South 02 degrees 13 minutes 54 seconds East 399.49 feet; thence South 04 degrees 25 minutes 28 seconds East 402.65 feet; thence South 03 degrees 19 minutes 27 seconds West 331.00 feet; thence South 06 degrees 59 minutes 30 seconds West 312.02 feet; thence South 74 degrees 37 minutes 39 seconds West 117.99 feet; thence South 11 degrees 29 minutes 35 seconds West 16.45 feet; thence South 56 degrees 29 minutes 35 seconds West 136.42 feet; thence South 25 degrees 34 minutes 54 seconds West 90.97 feet; thence South 19 degrees 25 minutes 06 seconds East 269.88 feet; thence South 25 degrees 34 minutes 54 seconds West 81.92 feet; thence Southwesterly 114.69 feet along a 1210.00 foot radius curve concave Northwesterly and tangent to the preceding course having a 114.65 foot chord bearing South 28 degrees 17 minutes 50 seconds West; thence South 31 degrees 00 minutes 45 seconds West 60.67 feet; thence South 42 degrees 27 minutes 59 seconds West 60.09 feet; thence Southwesterly 61.34 feet along a 1190.00 foot radius curve concave Southeasterly and tangent to the preceding course having a 61.34 foot chord bearing South 40 degrees 47 minutes 06 seconds West; thence South 39 degrees 10 minutes 36 seconds West 166.84 feet; thence South 05 degrees 45 minutes 10 seconds East 19.29 feet; 3 Attachment D thence South 39 degrees 14 minutes 50 seconds West 26.28 feet; thence South 84 degrees 14 minutes 50 seconds West 19.29 feet; thence South 39 degrees 15 minutes 36 seconds West 955.94 feet; thence South 05 degrees 46 minutes 38 seconds East 1089.63 feet to a point on the East Right -of -Way Line of US Highway No. 61; thence South 17 degrees 20 minutes 11 seconds West 112.22 feet along said East right- of-way Line; thence South 01 degrees 58 minutes 37 seconds East 108.38 feet along said East right- of-way Line; thence South 08 degrees 41 minutes 01 seconds East 637.28 feet along said East right- of-way Line; thence South 84 degrees 48 minutes 48 seconds West 225.01 feet; thence South 06 degrees 00 minutes 38 seconds East 168.98 feet; thence South 05 degrees 53 minutes 30 seconds East 347.66 feet; thence South 03 degrees 10 minutes 32 seconds East 49.28 feet; thence South 00 degrees 27 minutes 34 seconds East 136.21 feet; thence South 03 degrees 59 minutes 27 seconds East 59.13 feet; thence South 07 degrees 31 minutes 20 seconds East 194.27 feet; thence South 00 degrees 22 minutes 10 seconds East 272.08 feet; thence South 07 degrees 06 minutes 13 seconds East 93.42 feet; thence South 00 degrees 32 minutes 25 seconds West 171.59 feet; thence South 06 degrees 40 minutes 26 seconds East 49.90 feet; thence South 39 degrees 02 minutes 24 seconds East 120.42 feet; thence South 03 degrees 01 minutes 43 seconds East 419.62 feet; thence South 02 degrees 13 minutes 29 seconds East 190.47 feet; thence South 07 degrees 01 minutes 04 seconds West 319.09 feet; thence South 02 degrees 05 minutes 43 seconds East 323.05 feet; thence South 18 degrees 24 minutes 17 seconds West 155.29 feet; 4 Attachment D thence South 01 degrees 46 minutes 49 seconds East 512.17 feet; thence South 88 degrees 13 minutes 11 seconds West 20.00 feet; thence North 01 degrees 46 minutes 49 seconds West 252.23 feet; thence South 87 degrees 04 minutes 12 seconds West 424.08 feet; thence North 02 degrees 55 minutes 48 seconds West 20.00 feet; thence North 87 degrees 04 minutes 12 seconds East 424.48 feet; thence North 01 degrees 46 minutes 49 seconds West 301.45 feet; thence North 18 degrees 24 minutes 17 seconds East 97.21 feet; thence North 02 degrees 05 minutes 43 seconds West 315.82 feet; thence North 07 degrees 01 minutes 13 seconds East 319.00 feet; thence North 02 degrees 13 minutes 29 seconds West 190.19 feet; thence North 03 degrees 01 minutes 43 seconds West 406.34 feet; thence North 39 degrees 02 minutes 24 seconds West 119.03 feet; thence North 06 degrees 40 minutes 26 seconds West 64.03 feet; thence North 00 degrees 32 minutes 25 seconds East 171.44 feet; thence North 07 degrees 06 minutes 13 seconds West 93.11 feet; thence North 00 degrees 12 minutes 42 seconds East 225.29 feet along the West right- of-way Line of said Highway No. 61; thence North 04 degrees 32 minutes 04 seconds West 418.47 feet along said West right-of-way Line; thence North 02 degrees 21 minutes 16 seconds West 65.19 feet; thence North 05 degrees 53 minutes 30 seconds West 347.62 feet; thence North 06 degrees 00 minutes 38 seconds West 219.51 feet; thence North 84 degrees 48 minutes 48 seconds East 242.64 feet; thence North 08 degrees 41 minutes 01 seconds West 587.14 feet; thence North 01 degrees 58 minutes 37 seconds West 112.95 feet; thence North 17 degrees 20 minutes 11 seconds East 111.53 feet; 5 Attachment D thence North 05 degrees 46 minutes 38 seconds West 1373.13 feet; thence South 74 degrees 12 minutes 59 seconds West 251.61 feet; thence South 48 degrees 13 minutes 29 seconds West 318.61 feet; thence South 37 degrees 04 minutes 21 seconds West 191.01 feet; thence South 56 degrees 54 minutes 44 seconds West 317.79 feet; thence South 77 degrees 09 minutes 08 seconds West 241.96 feet; thence South 44 degrees 13 minutes 04 seconds West 384.81 feet; thence South 15 degrees 49 minutes 56 seconds East 650.30 feet; thence South 00 degrees 05 minutes 59 seconds East 502.69 feet; thence South 14 degrees 50 minutes 06 seconds West 494.39 feet to a point on the South Line of the SW Ya of Section 23, T88N, R2E of the 5th Principal Meridian, Dubuque County, Iowa; thence South 88 degrees 09 minutes 41 seconds West 20.88 feet along said South Line; thence North 14 degrees 50 minutes 06 seconds East 497.76 feet; thence North 00 degrees 05 minutes 59 seconds West 497.31 feet; thence North 15 degrees 49 minutes 56 seconds West 659.09 feet; thence North 44 degrees 13 minutes 04 seconds East 402.28 feet; thence North 77 degrees 09 minutes 08 seconds East 244.30 feet; thence North 56 degrees 54 minutes 44 seconds East 310.73 feet; thence North 37 degrees 04 minutes 21 seconds East 189.47 feet; thence North 48 degrees 13 minutes 29 seconds East 325.18 feet; thence North 74 degrees 12 minutes 59 seconds East 295.15 feet; thence North 29 degrees 24 minutes 36 seconds East 287.99 feet; thence North 53 degrees 18 minutes 25 seconds East 400.59 feet; thence North 35 degrees 57 minutes 19 seconds East 447.05 feet; thence North 19 degrees 41 minutes 23 seconds East 503.77 feet; thence North 74 degrees 37 minutes 39 seconds East 121.61 feet; 6 Attachment D thence North 11 degrees 29 minutes 35 seconds East 45.22 feet; thence Northerly 824.23 feet along a 2840.00 foot radius curve concave Westerly and tangent to the preceding course having a 821.34 foot chord bearing North 03 degrees 10 minutes 44 seconds East; thence North 05 degrees 10 minutes 15 seconds West 244.47 feet; thence Northerly 172.89 feet along a 1930.00 foot radius curve concave Easterly and tangent to the preceding course having a 172.85 foot chord bearing North 02 degrees 34 minutes 08 seconds West; thence North 00 degrees 10 minutes 22 seconds West 198.38 feet; thence North 45 degrees 08 minutes 04 seconds West 22.54 feet; thence North 00 degrees 00 minutes 00 seconds West 26.34 feet; thence North 45 degrees 06 minutes 28 seconds East 21.02 feet; thence North 00 degrees 23 minutes 37 seconds East 318.10 feet; thence North 89 degrees 59 minutes 26 seconds East 73.86 feet; thence North 35 degrees 16 minutes 20 seconds East 57.55 feet; thence North 01 degrees 24 minutes 09 seconds East 47.94 feet; thence North 34 degrees 23 minutes 50 seconds East 272.53 feet; thence North 13 degrees 17 minutes 56 seconds West 161.81 feet; thence North 38 degrees 00 minutes 52 seconds East 1195.47 feet; thence North 45 degrees 40 minutes 36 seconds East 150.00 feet to a point on the East Right -of -Way Line of Highway No. 61 and Highway No. 151; thence North 38 degrees 00 minutes 52 seconds East 700.53 feet along said East Right - of -Way Line; thence North 51 degrees 40 minutes 52 seconds East 274.81 feet; thence North 35 degrees 50 minutes 57 seconds East 448.99 feet; thence North 40 degrees 13 minutes 12 seconds East 400.16 feet; thence North 37 degrees 40 minutes 34 seconds East 502.15 feet; thence North 32 degrees 18 minutes 01 seconds East 386.34 feet to a point on the East Right -of -Way Line of Highway No. 61; 7 Attachment D thence North 43 degrees 03 minutes 14 seconds East 44.76 feet along said East Right - of -Way Line; thence North 02 degrees 10 minutes 57 seconds West 268.24 feet along said East Right -of -Way Line; thence North 56 degrees 10 minutes 48 seconds East 21.23 feet; thence North 02 degrees 23 minutes 19 seconds West 53.55 feet; thence North 08 degrees 51 minutes 41 seconds East 50.92 feet; thence North 31 degrees 41 minutes 37 seconds East 104.05 feet; thence North 20 degrees 26 minutes 37 seconds East 66.68 feet; thence North 09 degrees 11 minutes 37 seconds East 179.05 feet; thence North 14 degrees 03 minutes 25 seconds West 262.55 feet; thence Northwesterly 234.02 feet along a 1160.00 foot radius curve concave Northeasterly and tangent to the preceding course having a 233.62 foot chord bearing North 08 degrees 16 minutes 36 seconds West; thence North 02 degrees 29 minutes 54 seconds West 129.52 feet to the Point of Beginning. 8 Dubuque Technology Park Urban Renewal District Area to be Removed - Attachment E-1 / o N THE CITY OF Dubuque DUBE 111-11m ricatily Masterpiece on the Mississippi goo Area to be Removed Dubuque Technology Park Subarea A Dubuque Technology Park Subarea B Dubuque County Assessor Dubuq Assessor Exhibit E-2 Dubuque Technology Park Urban Renewal District Area to be Removed Legal Description of Area to be Removed: LOT 1 IN BLOCK 1 OF DUBUQUE TECHNOLOGY PARK, LOT 1 OF DUBUQUE TECHNOLOGY PARK NO. 4, LOT 2 OF DUBUQUE TECHNOLOGY PARK NO. 4, LOT 2 OF DUBUQUE TECHNOLOGY PARK NO. 2, LOTS 1, 2, 3, 7, 8 AND 12 IN BLOCK 2 OF DUBUQUE TECHNOLOGY PARK, LOT 1-1 OF DUBUQUE TECHNOLOGY PARK NO. 3, AND LOT E IN DUBUQUE TECHNOLOGY PARK, ALL IN THE CITY OF DUBUQUE, DUBUQUE COUNTY, IOWA, AND; ALL THAT PART OF THE U.S. HIGHWAY 151/61 RIGHT OF WAY THAT IS BOUNDED ON THE SOUTH BY THE WESTERLY EXTENSION OF THE SOUTH LINE OF DUBUQUE TECHNOLOGY PARK AND BOUNDED ON THE NORTH BY THE WESTERLY EXTENSION OF THE NORTHERLY RIGHT OF WAY LINE OF LAKE ELEANOR ROAD, AND; ALL THAT PART OF THE LAKE ELENANOR ROAD RIGHT OF WAY (INCLUDING ALL OF LOT C OF DUBUQUE TECHNOLOGY PARK) THAT IS BOUNDED ON THE EAST BY THE NORTHERLY EXTENSION OF THE EAST LINE OF DUBUQUE TECHNOLOGY PARK AND BOUNDED ON THE WEST BY THE EASTERLY RIGHT OF WAY LINE OF U.S. HIGHWAY 151/61, ALL IN THE CITY OF DUBUQUE, DUBUQUE COUNTY, IOWA, AND; ALL OF LOT B OF DUBUQUE TECHNOLOGY PARK, BEING THE ENTIRE RIGHT OF WAY OF DATA COURT IN DUBUQUE TECHNOLOGY PARK, ALL IN THE CITY OF DUBUQUE, DUBUQUE COUNTY, IOWA, AND; ALL OF LOT A OF DUBUQUE TECHNOLOGY PARK, BEING THE ENTIRE RIGHT OF WAY OF DIGITAL DRIVE IN DUBUQUE TECHNOLOGY PARK, EXCEPTING THE ENTIRE RIGHT OF WAY OF DIGITAL DRIVE ADJACENT TO LOT 2-1 OF DUBUQUE TECHNOLOGY PARK NO. 3, LOT 1-10 IN BLOCK 2 OF DUBUQUE TECHNOLOGY PARK, AND LOT 11 IN BLOCK 2 OF DUBUQUE TECHNOLOGY PARK, ALL IN THE CITY OF DUBUQUE, DUBUQUE COUNTY, IOWA. JOINT AGREEMENT WHEREAS, the City of Dubuque, Iowa (the "City") desires to amend an established urban renewal area known as the Dubuque Technology Park Economic Development District so as to include properties located within two miles of, but outside the corporate limits of, the City, for the purpose of undertaking an urban renewal project; and WHEREAS, the Board of Supervisors of Dubuque County, Iowa ("County") has reviewed the proposed amendment to the Dubuque Technology Park Urban Renewal Plan for said area, described therein as the Dubuque Technology Park Economic Development District ( the "District"), and has determined to consent to the expansion of the District as so proposed; and WHEREAS, Iowa Code Section 403.17(4) requires the consent of the County before the City can proceed with the expansion of said District. NOW THEREFORE, DUBUQUE COUNTY, IOWA AND THE CITY OF DUBUQUE, IOWA AGREE AS FOLLOWS: 1. The County hereby consents to and agrees and authorizes the City to proceed with the amendment and expansion of the Dubuque Technology Park Economic Development District, as described in the proposed amendment of the Urban Renewal Plan for the District and as the same may be further amended from time to time, and to undertake urban renewal project activities within the said district. 2. This agreement is intended to meet the requirements of Iowa Code Chapter 403.17(4) with respect to the establishment of an urban renewal area of the City within two miles of, but outside the corporate limits of, the City. 3. This Joint Agreement has been duly authorized by the governing bodies of the County and the City. By: DUBUQUE COUNTY, IOWA Chairperson, Board of Supervisors ATTEST: By: )21014S)acilvii-AA-4 Secretary cep" -"yALleL4-.,/- ATTEST: Arr By: edWP!de City lerk By: CITY OF DUBUQUE, IOWA STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) On this )q.rk day of rn , 2014,.before me a Notary Public in and for said County, personally aapp eared di and tom, t, S. \\ to me personally known, who being duly sworn, did say that they are the Mayor and City Clerk, respectively of the City of Dubuque, Iowa, a Municipal Corporation, created and existing under the laws of the State of Iowa, and that the seal affixed to the foregoing instrument is the seal of said Municipal Corporation, and that said instrument was signed and sealed on behalf of said Municipal Corporation by authority and resolution of its City Council and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of said Municipal Corporation by it voluntarily executed. T"RISH L. GLEASON Commission Number 719986 My Commission Expires STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) Notary Public in and for Dubuque County, Iowa On this 215 day of Ad k- ( 1 , 2014, before me a Notary Public in and for the State of Iowa, personally appeared LVJ Ynl�e,✓ and k6h A 1k—up-{ num, to ine personally known, who being (duly sworn, did say that they are the Chairperson and Secretary, respectively of the County of Dubuque, Iowa, a political subdivision, and that the seal affixed to the foregoing instrument is the seal of said political subdivision, and that said instrument was signed and sealed on behalf of said political subdivision by authority and resolution of its Board of Supervisors and said Chairperson and Secretary acknowledged said instrument to be the free act and deed of said political subdivision by it voluntarily executed. DENISE M. DOLA,Ni mrmisolon r umbar 151'9 -81//& Notary Public in and for Dubuque County, Iowa 673277.1 \10422.000 MINUTES CONSULTATION WITH AFFECTED TAXING BODIES for the following Amended and Restated URBAN RENEWAL PLANS: • Greater Downtown Urban Renewal District • Dubuque Technology Park Economic Development District Friday, May 30, 2014 at 11:00 a.m. City Hall, Conference Room B, Second Floor 50 W. 13th Street Dubuque, Iowa 52001 Tax Entity Consultation for Amendments to the Greater Downtown Urban Renewal District and Dubuque Technology Park Economic Development District Meeting commenced 11:00 a.m. No representatives from Dubuque County or the Dubuque Community School District elected to attend the meeting. Meeting was adjourned 11:22 a.m. Jill Connors Economic Development Department, City of Dubuque