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Code of Ordinances Amendment_Dubuque Technology Park Economic Development DistrictTHE 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: Tax Increment Ordinance for the Dubuque Technology Park Economic Development District DATE: July 1, 2014 Economic Development Director Maurice Jones recommends City Council approval of an ordinance amending the tax incrementing financing district for the Dubuque Technology Park Economic Development District. The amendment would utilize tax increment financing to extend utility service to the airport in order to adequately support its expansion/renovation. It would also extract several parcels from the original District that have remained undeveloped to allow both public and private development efforts to benefit from the flexibility in the use of tax increment financing in the district. I concur with the recommendation and respectfully request Mayor and City Council approval. be/1144 i„, 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: Tax Increment Ordinance for the Dubuque Technology Park Economic Development District DATE: July 1, 2014 INTRODUCTION This memorandum transmits for City Council review and adoption an ordinance amending the tax increment financing district for the Dubuque Technology Park Economic Development District. The proposed ordinance was reviewed by the City Attorney's Office and City's bond counsel and is attached to this memo. The proposed amendment would utilize tax increment financing to extend utility service to the airport, in order to adequately support its expansion/renovation, as well as to allow both public and private development efforts to benefit from the flexibility in the use of tax increment financing in the district. BACKGROUND The Dubuque Technology Park Economic Development District was originally established in 1997. This proposed expansion and amendment of the Dubuque Technology Park Economic Development District would result in utility service expanding along the right of way of Highway 151/61 to the Dubuque Municipal Airport. It would also extract several parcels from the original District that have remained undeveloped to allow both public and private development efforts to benefit from the flexibility in the use of tax increment financing in the district. Before a municipality can exercise the authority conferred by Chapter 403 "Urban Renewal" of the Iowa Code, a Resolution of Necessity must be adopted finding that the area being considered for urban renewal district designation is either a slum, blighted or economic development area and that the rehabilitation, conservation, redevelopment, development, or a combination thereof, of the area is necessary in the interest of the public health, safety or welfare of the residents of the city. The Iowa Code defines an economic development area as, "an area of a municipality designated by the local governing body as appropriate for commercial and industrial enterprises, public improvements related to housing and residential development, or construction of housing and residential development for low and moderate income families, including single or multifamily housing." The Dubuque Technology Park Economic Development District is proposed to be designated as an economic development area. The need to expand and amend the Dubuque Technology Park Economic Development District has risen from the desire to utilize tax increment financing to extend utility service to the airport, in order to adequately support its expansion/renovation, as well as to allow both public and private development efforts to benefit from the flexibility in the use of tax increment financing in the district. The amendment will also allow the continued use of tax increment financing to promote economic development activities throughout the District for Fiscal Year 2014-2015. Pursuant to House File 2460, the amended plan will describe the specific use of tax increment funds, reflecting the utilization of tax rebates, the creation of public infrastructure, or other planned expenditures. On May 19, 2014, the City Council approved a Resolution of Necessity (Resolution 154- 14) 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. The Plan 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 Plan is consistent with the City's Comprehensive Plan for development. 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 Plan 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. On June 16, 2014 the City Council approved an amended and restated Urban Renewal Plan for the Dubuque Technology Park Economic Development District which designated the previous project area as Subarea A and added a new Subarea B. The tax increment ordinance also needs to be updated to allow for TIF collection on Subarea A. 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. Adoption of the proposed tax increment ordinance is needed to establish the use of tax increment financing in the recently expanded areas of the district. The ordinance authorizes the City to establish a special fund for the collection of a portion of the property tax revenues generated by new development occurring in Subarea A. All taxable property located in Subarea A will continue to pay property taxes based upon the current tax levies and assessment valuations. Tax revenues collected in excess of the base amounts will be used to assist in financing future development projects within the district, including both public and private development. Adoption of the ordinance will continue the existing base valuations for the Original Project Area, now designated Subarea A. No TIF revenue will be collected from Subarea B. RECOMMENDATION/ ACTION STEP I recommend that the City Council approve the ordinance attached hereto for the Dubuque Technology Park Economic Development District. Tax increment financing is an important tool for economic development and will be used to assist future public and private development efforts in the Tech Park. Attachment /'II(II!(!II!IllhII!IIIIII//II!III1I!IIIIIIII!IIIIIIllIllhI((jiiii(//ii/ffiIjii(((ill (iii ilii Doc ID: 008044920011 Type: GEN Kind: ORDINANCE Recorded: 07/09/2014 at 03:10:56 PM Fee Amt: $57.00 Page 1 of 11 Dubuque County Iowa Kathy Flynn Thurlow Recorder F11e2014-00007363 Prepared by Barry A. Lindahl, Esq., 300 Main St. Suite 330, Dubuque, IA 52001 (563) 589-4113 Return to Kevin S. Firnstahl, City Clerk, 50 W. 13th St., Dubuque, IA 52001 (563) 589-4121 ORDINANCE NO. 44-14 AMENDING ORDINANCE NO.65-97, PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE DUBUQUE TECHNOLOGY PARK ECONOMIC DEVELOPMENT DISTRICT, IN THE CITY OF DUBUQUE, COUNTY OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE COMMUNITY SCHOOL DISTRICT AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH SAID URBAN RENEWAL REDEVELOPMENT PROJECT WHEREAS, the City Council of the City of Dubuque, Iowa, after public notice and hearing as prescribed by law and pursuant to Resolution No. 141-97 passed and approved on the 7th day of April, 1997, adopted an Urban Renewal Plan (the "Urban Renewal Plan") for an urban renewal area formerly known as the Dubuque Industrial Center/South Economic Development District, renamed by Resolution No. 172-13 as the Dubuque Technology Park Economic Development District (the "Urban Renewal Project Area" or "District"); and WHEREAS, the City Council adopted Ordinance No. 65-97 providing for the division of taxes within the Urban Renewal Project Area pursuant to Section 403.19 of the Code of Iowa; and WHEREAS, the City Council by Resolution No, 179-14, adopted on June 16, 2014, approved an Amended and Restatement Urban Renewal Plan for the Dubuque Technology Park Economic Development District, which amended the District to remove certain property and expanded the District to include additional property as described herein; and WHEREAS, expenditures and indebtedness are anticipated to be incurred by the City of Dubuque, Iowa in the future to finance urban renewal project activities carried out in furtherance of the objectives of the Urban Renewal Plan; and 063014ba1 52°''' ,,rti} CI r WHEREAS, the City Council of the City of Dubuque, Iowa desires to continue the division of revenue from taxation in the Urban Renewal Project Area, as above described, in accordance with the provisions of Section 403.19 of the Code of Iowa, as amended, and the Amended and Restated Urban Renewal Plan. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Ordinance No. 65-97 is amended to read as follows: Section 1. For purposes of this Ordinance, the following terms have the following meanings: (a) Subarea A 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. (b) Subarea B 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; thence South 02 degrees 23 minutes 19 seconds East 39.36 feet; 2 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; thence South 58 degrees 35 minutes 29 seconds West 266.94 feet; thence South 69 degrees 47 minutes 09 seconds West 183.73 feet; 3 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; 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; 4 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; 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; 5 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; 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; 6 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 % of Section 23, T88N, R2E of the 5t" 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; 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; 7 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; 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; 8 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. Section 2. That the taxes levied on the taxable property in Subarea A in the Urban Renewal Project Area legally described above, by and for the benefit of the State of Iowa, City of Dubuque, County of Dubuque, Dubuque Community School District, and all other taxing districts from and after the effective date of this Ordinance shall be divided as hereinafter in this Ordinance provided. Section 3. That portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts upon the total sum of the assessed value of the taxable property in Subarea A of the Urban Renewal Project Area, as shown on the assessment roll as of January 1, 1996, being January 1 of the calendar year preceding the first calendar year in which the City of Dubuque certified to the County Auditor the amount of loans, advances, indebtedness, or bonds payable from the division of property tax revenue described herein, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for the taxing district into which all other property taxes are paid. Section 4. That portion of the taxes each year in excess of the base period taxes determined as provided in Section 3 of this Ordinance shall be allocated to and when collected be paid into a special tax increment fund of the City of Dubuque, Iowa hereby established, to pay the principal of and interest on loans, monies advanced to, indebtedness, whether funded, refunded, assumed or otherwise, including bonds or obligations issued under the authority of Section 403.9 or 403.12 of the Code of Iowa, as amended, incurred by the City of Dubuque, Iowa, to finance or refinance, in whole or in part, urban renewal projects undertaken within the Urban Renewal Project Area pursuant to the Urban Renewal Plan, except that taxes for the payment of bonds and interest of each taxing district and any other levies described in Section 403.19 shall be collected against all taxable property within the Urban Renewal Project Area without any limitation as hereinabove provided. Section 5. Unless or until the total assessed valuation of the taxable property in Subarea A of the Urban Renewal Project Area exceeds the total assessed value of the 9 taxable property in Subarea A of the Urban Renewal Project Area as shown by the assessment roll referred to in Section 3 of this Ordinance, all of the taxes levied and collected upon the taxable property in Subarea A of the Urban Renewal Project Area shall be paid into the funds for the respective taxing districts as taxes by or for said taxing districts in the same manner as all other property taxes. Section 6. At such time as the loans, advances, indebtedness, bonds and interest thereon of the City of Dubuque, Iowa referred to in Section 4 hereof have been paid, all monies thereafter received from taxes upon the taxable property in Subarea A of the Urban Renewal Project Area shall be paid into the funds for the respective taxing districts in the same manner as taxes on all other property. Section 7. All ordinances or parts of ordinances in conflict with the provisions of this Ordinance are hereby repealed. The provisions of this Ordinance are intended and shall be construed so as to fully implement the provisions of Section 403.19 of the Code of Iowa, as amended, with respect to the division of taxes from property within Subarea A of the Urban Renewal Project Area as described above. In the event that any provision of this Ordinance shall be determined to be contrary to law, it shall not affect other provisions or application of this Ordinance which shall at all times be construed to fully invoke the provisions of Section 403.19 of the Code of Iowa with reference to Subarea A of the Urban Renewal Project Area and the territory contained therein. Section 8. This Ordinance shall be in effect after its final passage, approval and publication as provided by law. PASSED AND APPROVED this 7th day of July, 014. Roy D. Buol ayor Read first time: July 7, 2014 PASSED AND APPROVED: July 7, 2014 PUBLISHED: July 11, 2014 F:\USERS\Econ Dev\Urban Renewal\Tech Park\2014.1 Amendment\Tech Park TIF Ordinance 2014.1.doc 10 CERTIFICATE of the CITY CLERK STATE OF IOWA ) SS: COUNTY OF DUBUQUE ) I, Kevin S. Firnstahl, do hereby certify that I am the duly appointed, qualified, City Clerk of the City of Dubuque, Iowa, in the County aforesaid, and as such City Clerk, I have in my possession or have access to the records of the proceedings of the City Council. I do further state that the hereto attached Ordinance No. 44-14 is a true and correct copy of the original. In Testimony Whereof, I hereunto set my hand and official seal of the City of Dubuque, Iowa. Dated at Dubuque, Iowa, on this 8th day of July, 2014. Kevin . irnstahl, CMC ity Clerk .4,f p ! ' (SEAL) r , €.` ? : .al,: a Z.3 0 'P STATE OF IOWA {SS: DUBUQUE COUNTY CERTIFICATION OF PUBLICATION I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher of the Telegraph Herald,a newspaper of general circulation published in the City of Dubuque, County of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper on the following dates: July 11, 2014, and for which the charge is $240.67. P� Subscribed to before - a Notary Public in and for Dubuque County, Iowa, this /70 day of , 20 /5L- . Notary Public in and for Dubuque County, Iowa. MARY K. WESTERMEYER Commission Number 154£x,,5 My Comm. Exp. FEB, 1, 2G, OFFICIAL PUBLICATION ORDINANCE NO. 44-14 AMENDING 'ORDI- NANCE NO.65-97, PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON ALL PROP- ERTY LOCATED WITHIN THE DUBU- QUE TECHNOLOGY PARK ECONOMIC DE- VELOPMENT DIS- TRICT,' IN THE CITY OF DUBUQUE, COUN- ' TY OF. DUBUQUE, STATE OF IOWA, BY AND FOR THE BENE- FIT OF THE STATE OF IOWA, CITY OF DUBU- QUE, COUNTY OF DU- BUQUE, DUBUQUE COMMUNITY SCHOOL DISTRICT AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL FUND `FOR PAYMENT OF PRINCIPAL AND IN- TEREST ON LOANS, MONIES ADVANCED TO AND INDEBTED- NESS, INCLUDING B ONDS ISSUED OR TO BE ISSUED, INCURRED B Y SAID CITY IN CON- NECTION WITH SAID URBAN RENEWAL RE- ' DEVELOPMENT PROJ- ECT • WHEREAS, the City Council of the City of Dubuque, Iowa,after public notice and hear- ing as prescribed by law and pursuant to Resolution No, 141-97 passed and approved on the 7th day of April, 1997, adopted an Urban Renewal Plan (the "Ur- ban Renewal Plan") for an urban renewal area formerly known as'the Dubuque Industrial Center/South Ecenom- • is Development Dis- trict, renamed by Reso- lution No. 172-13 as the Dubuque Technology Park Economic Devel- opment District (the "Urban Renewal Proj- ect Area or "District"); and WHEREAS, the City Council adopted Ordi- nance No. 65-97 provid- ing for the division of taxes within the Urban Renewal Project Area pursuant to Sectlon 403.19 of the Code of Iowa; and WHEREAS, the City Council by, Resolution No, 179-14, adopted on June 16, 2014, ap- proved an Amended and . Restatement Ur- ban Renewal Plan for the Dubuque Technolo- gy Park Economic De- velopment District, which amended the District to remove cer- tain property and ex- panded the District to include additional property as described herein; and WHEREAS, expendi- tnence SOUtn 14 de- grees 03 minutes 25 seconds East 266.67 feet; thence South 09 de- grees 11 . minutes 37 seconds West 185.13 feet; thence South 20 de- grees 26 Minutes 37 I seconds West 70.62 feet; ' thence South 31 de- grees 41 minutes '37 seconds West 101.98 feet; thence South 08 de- grees 51 minutes 41 seconds West 44.91 feet; thence South 02 de- grees 23 minutes 19 seconds East 39.36 feet; thence North 56 de- grees 10 minutes 48 seconds East 362.38 feet; thence North 58 de- grees 17 minutes 06 seconds East 374.06 feet; thence North 45 de- grees 24 minutes 42 seconds East 369.94 feet; thence North 02 de- grees 26 minutes 23 seconds East 399.94 feet; - thence North 44 de- grees 50 minutes 44 seconds East 13.59 feet to a point on the South Line of said Lot D; thence North 87 de- grees 55 minutes 02 seconds East 29.29 feet along said South Line; thence South 44 de- grees 50 minutes 44 seconds West 27.22 feet; thence South 02 de- grees 26 minutes 23 seconds West 400.06 feet; thence South 45 de- grees 24 minutes 42 seconds West 380.06 feet; thence South 58 de- grees 17 minutes 06 seconds West 375.94 feet; • thence South 56 de- grees 10 'minutes 48 seconds West 374.24 feet; thence South 02 de- grees 23 minutes 19 seconds East 268,67 feet; thence South 33 de- . grees 01 minutes 47 seconds West 332.79 feet; thence South 28 de- grees 32 minutes 57 seconds West 240.03 feet; thence: South 04 de- grees 03 minutes 28 seconds West 237:47 feet; thence South 17 de- grees 27 minutes 07 seconds East 278.65 feet; thence South 14 'de- grees 36 minutes 1 27 seconds West 322.41 feet; thence South 25 de- grees 17 minutes 00 seconds West 133.92 feet; • thence South 39 de- grees 31 minutes 57 seconds West 105.21 feet; thence South 12 de- grees 25 minutes 44 seconds West 116.61 feet; thence South 47 de- grees 36 minutes 33 seconds West 367.75 feet; thence South 35 de- grees '53 minutes 39 seconds West 653.35 curve concave South- easterly and tangent to the preceding course having a 61.34 foot chord bearing South 40 degrees 47 minutes 06 seconds West; thence South 39 de- grees 10 minutes 36 seconds West 166.84 feet; 1 thence South 05 de- grees 45 minutes 10 seconds East 19.29 feet;. thence South 39 de- grees 14 minutes 50 feet; seconds West 26.28 thence South 84 de- grees 14 minutes 50 seconds West 19.29 feet; thence South 39 de- grees 15 minutes 36 seconds West 955.94 feet; • thence South 05 de- grees 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 de- grees 20 minutes 11 seconds West 112.22 feet along ,said East right-of-way Line; thence South 01 de- grees 58 minutes 37 seconds East 108.38 feet along said East right-of-way Line; thence South 08 de- grees 41 minutes 01 seconds East, 637.28 feet along said East right-of-way Line; thence South 84 de- grees 48 minutes 48 seconds West 225.01 feet; thence South 06 de- grees 00 minutes 38 seconds East 168.98 feet; ' thence South 05 de- grees 53 minutes 30 seconds East 347.66 feet; thence South 03 de- grees 10 minutes 32 seconds East 49.28 . feet; thence South 00 de- grees 27 minutes 34 fseceet;onds East. 136.21 thence South 03 de- grees 59 minutes 27 seconds East 59.13 feet; thence South 07 de- grees 31 minutes 20 seconds East 194.27 feet; thence South 00 de- grees' 22 minutes 10 seconds East 272.08 feet; • thence. South 07 de- grees. 06 minutes 13 fseceet;onds East 93;42 thence South 00 de- grees 32 'minutes 25 seconds West 171.59 feet; thence South 06 de- grees 40 minutes 26 seconds East 49.90 feet; thence South 39 de- grees 02 minutes 24 feet; seconds East 120.42 thence South 03 de- grees 01. minutes 43 seconds East 419.62 thence South 02 de- grees 13 minutes 29 seconds East 190.47 feet; thence South 07 de- grees 01 minutes ' 04 seconds West 319.09 feet; thence South 02 de- grees 05 minutes 43 feet; seconds East 323.05 grees 46 minutes 38 seconds West 1373.13 feet; thence South 74 de- grees.12 minutes 59 seconds West 251.61 feet th;ence South 48 de- grees 13 minutes 29 seconds West 318.61 feet; thence South 37 de- grees 04 minutes 21 seconds West 191.01 feet; thence South, 56 de- grees 54 minutes 44 seconds ' West 317.79 feet; thence South 77 de- grees 09 minutes 08 seconds West' 241.96 feet; thence South 44 de- greesfeet; 13 minutes 04 seconds West 384.81 thence South 15 de- grees 49 minutes 56 seconds East 650.30 feet; thence South 00 de- grees 05 minutes 59 seconds East 502.69 thence South 14 de- grees 50 minutes 06 seconds West 494.39 feet to a point on. the South Line of the SW'/, of Section 23,. T88N, R2E of the 5th Principal Meridian, Dubuque County, Iowa; thence South 88 de- grees 09 'minutes 41 seconds West 20.88 feet along said South Line; thence North 14 de- grees 50 minutes 06 seconds East 497.76 feet; thence North 00 de- grees 05 minutes 59 seconds West 497.31 feet; • thence North 15 de- feet;grees 49 minutes 56 seconds West 659.09 thence North 44 de- grees 13 minutes 04 feet; seconds East 402.28 thence North 77 de- grees 09 minutes 08 seconds East 244.30 feet; thence North 56 de- grees 54 minutes 44 seconds ' East 310.73 feet; thence North 37 de- grees 04 minutes 21 seconds East 189.47 feet; thence North 48 de- feet;grees 13 minutes 29 seconds East 325.18 thence. North 74 de - feet; grees 12 minutes 59 seconds East' 295,15 thence North 29 de- grees 24 minutes '36 seconds ' East 287,99 feet; thence North 53 de- grees feet;'' 18 minutes 25 seconds East ' 400.59 'thence. North 35 de- grees 57 minutes 19 seconds ' East ' 447.05 feet; thence North 19 de- grees 41 minutes 23 seconds East 503.77 feet; ' thence North 74 de- grees 37 minutes 39 seconds East 121.61 feet; thence North 11 de- grees 29 minutes 35 seconds East 45.22 feet; thence Northerly 824.23 feet along a 2840.00 foot radius Right -of -Way Line; thence North 56 de- grees 10 minutes 48 seconds East 21.23 feet; thence, North 02 de- grees 23 minutes 19 seconds West 53.55 feet; thence North 08 de- grees 51 minutes 41 seconds ' ' East 50.92 feet; thence North 31 de- grees 41 minutes 37 seconds East 104.05 feet; thence North 20 de- grees 26 minutes 37 seconds East ' 66.68 feet; thence North 09 de- grees 11 minutes 37 seconds East 179.05 feet; thence North 14 de- grees 03 minutes 25 seconds West 262.55 feet; thence Northwesterly 234.02 feet along a 1160.00 foot radius curve concave North- easterly and tangent to • the preceding course having a 233.62 foot chord bearing North 08 degrees 16 minutes 36 seconds West; thence North 02 de- grees 29 minutes 54 seconds West' 129.52 feet to the Point of Be- ginning. Section 2. That the taxes levied on the tax- able property in Subarea A in the Urban Renewal Project Area legally described. above, by and for the benefit of the State of Iowa, City of Dubuque, County of Dubuque, Dubuque Community School District, and all other taxing districts from and after the ef- fective date of this Or- dinance shall be divid- ed as hereinafter in this Ordinance provid- ed. Section 3. That por- tion of the taxes which • would be produced by the rate at which the tax is levied each year by or for each of the taxing districts upon the total sum of the as- sessed value of the taxable property in Subarea A of the Urban Renewal Protect Area, as shown on the as- sessment roll as of Jan- uary 1, 1996, being Jan- uary 1 of the calendar year preceding the first calendar year in which the City of Dubuque certified to the County Auditor the amount of loans, advances, in- debtedness, or bonds payable from the divi- sion of property tax revenue described herein, shall be allocat- ed to and When collect- ed be pald into the fund for the respective taxing district as taxes by or for the taxing dis- trict into which all oth- er property taxes are paid. Section 4. That por- tion of the taxes each year in excess of the base period taxes de- termined as provided in Section 3 of this Or- dinance shall be allo- cated to and when col- lected be paid into a special tax increment fund of the City of Du- buque, Iowa hereby es- tablished, to pay the principal of and inter - Renewal Project Area and the territory con- tained therein. Section 8, This Ordi- nancesjiall.be_ip effect, after Its final passage, approval' and publica- tion as provided by law. PASSED AND AP- PROVED this 7th day of July, 2014. /s/Roy D. Buol, Mayor ATTEST: /s/Keyin S. Firnstahl, City Clerk Read first time: July 7, 2014 PASSED AND AP- PROVED: July 7, 2014 PUBLISHED: July 11, 2014 1t 7/11 tures and indebtedness are anticipated to be incurred by the City of Dubuque, Iowa in the future to finance urban renewal project activi- ties carried out in fur- therance of the obJec- tives of the Urban Re- newal Plan; and WHEREAS, the City Council of the City of Dubuque, Iowa desires to continue the division of revenue from taxa- tion in •the Urban Re- newal Project Area, as above described, in ac- cordance with the pro, visions of Section 403.19 of the Code of Iowa, as amended, and the Amended and Restated Urban Renew- al Plan. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IO- WA: 0= WA:... Ordinance No. 65-97 is amended to read as follows: Section 1. For purpos- es of this Ordinance, the following terms have the following meanings: (a) Subarea A shall in- clude that area descri- bed as follows: LOT D OF DUBUQUE TECH- NOLOGY PARK, LOT 3 IN BLOCK 1 OF DUBU- QUE TECHNOLOGY. PARK, LOT 4 IN BLOCK 1 OF DUBUQUE TECH- NOLOGY PARK AND AL- SO LOT 1 OF DUBUQUE TECHNOLOGY PARK NO. 2, LOT 11 IN BLOCK 2 OF DUBUQUE TECH- NOLOGY PARK, LOT• 1- 10 IN BLOCK 2 OF DU- BUQUE TECHNOLOGY PARK, LOT 2-1 OF DU- BUQUE TECHNOLOGY PARK NO. 3, LOT 6 IN BLOCK 2 OF DUBUQUE TECHNOLOGY PARK, LOT 4 & 5 IN BLOCK 2 DUBUQUE TECHNOLO- GY PARK; AND ALL OF THE DIGITAL DRIVE RIGHT OF WAY ADJA- CENT TO LOT 2-1 OF DUBUQUE TECHNOLO- GY PARK NO. 3, LOT 1- 10 IN BLOCK 2 OF DU- BUQUE TECHNOLOGY PARK, AND LOT 11 IN BLOCK.2 OF DUBUQUE TECHNOLOGY PARK, ALL IN THE CITY OF DU- BUQUE, DUBUQUE COUNTY, IOWA. (b) Subarea B shall in- clude that area descri- bed as follows: Com- mencing at the South- west (SW) Corner of Lot D of the Dubuque Technology Park In the City of Dubuque, Iowa; thence North 87 de- ' grees 55 minutes 02 seconds East 30.00 feet ' along the South Line of said Lot D to the Point of Beginning; thence North 87 de- grees 55 minutes 02 seconds East 20.00 feet along said South Line; thence South 02 de- grees 29 minutes 54 seconds East 129.38 feet; thence Southeasterly 229,98 feetalong a 1140.00 foot radius curve concave North- easterly and tangent to the proceeding course ' having a 229.59 foot' chord bearing South 08 degrees 16 minutes 39 seconds East; thence South 14 de- grees 03 minutes 25 seconds East 266.67 feet; thence South 45 de- grees 46 minutes 18 seconds West 223.10 feet; thence South 27 de- grees 34 minutes 25 seconds West 127.50 feet; thence South 39 de- grees 36 minutes 57 seconds West 188.70 feet; thence South 58 de- grees 35 minutes 29 seconds West 266.94 feet; thence South 69 de- grees 47 minutes 09 seconds West 183.73 feet; thence South 36 de- grees 22 minutes 21 seconds West 440.22 feet; thence North 72 de- grees 38 minutes 44 seconds West 315.52 feet; thence Southwesterly 232.28 feet along a 780.00 foot radius curve concave South- easterly and having a 231.42 foot chord bear - Ing South 39 degrees 59 minutes 43 seconds West; thence South 35 de- grees 16 minutes 20 seconds West 221.67 feet; thence South 01 de- grees 24 minutes '09 seconds West 438.61 feet; thence South 02 de- grees 13 mihutes 54 seconds East 399.49 feet; thence South 04 de- grees 25 minutes 28 seconds East 402.65 feet; thence South 03 de - gr• ees 19 minutes 27 seconds West 331.00 feet; thence South 06'de- grees 59 minutes 30 seconds West 312.02 feet; thence South 74 de- grees 37 minutes 39 seconds West 117.99 feet; thence South 11 de- grees 29 minutes 35. feet;seconds West 16.45 thence South 56 de- grees 29 minutes 35 feet; seconds West 136,42 thence South 25 de- grees 34 minutes 54 fseconeet;ds West 90:97 thence South 19 de- grees 25 minutes' 06 seconds East 269.88 feetht; ence South 25 de- grees 34 minutes 54 seconds fleet; West 81.92 thence Southwesterly 114.69 feet along' a 1210.00 foot radius curve concave North- westerly and tangent to the preceding course having a 114.65 foot chord bearing South 28 degrees 17 minutes 50 seconds West; thence South 31 de- grees 00 minutes 45 seconds West 60.67 feet; thence South 42 de- grees 27 minutes 59 seconds West 60.09 feet; • thence Southwesterly 61.34 feet along a 1190.00 foot radius curve concave South- easterly and tangent to the preceding course thence South 18 de- grees 24 minutes 17 seconds West 155.29 feet; thence South 01 de- grees 46 minutes 49 seconds East 512.17 feet; thence South 88 de- grees 13 minutes 11 seconds West 20.00 feet; thence North 01 de- grees 46 minutes 49 seconds West 252.23 feet; thence South 87 de- grees 04 minutes 12 seconds West 424.08 feet; ' thence North 02 de- grees 55 minutes 48 seconds. West 20.00 'feet; thence North 87 de- grees 04 minutes 12 seconds East 424.48 feet; thence North 01 de- ,grees 46 minutes 49 seconds West 301.45 feet; thence North 18 de- grees 24 Minutes 17 seconds East 97.21 feet; thence North 02 de- grees 05 minutes 43 seconds West 315.82 feet; thence North 07 de- grees 01 minutes 13 seconds East 319.00 feet; thence North 02 de- grees 13 minutes 29 seconds West 190.19 feet; thence North 03 de- grees 01 minutes 43 seconds West 406.34 feet; thence North 39 de- grees 02 minutes 24 seconds West 119.03 feet; thence North 06 de- grees 40 egrees„40 minutes 26 seconds • West 64.03 feet thence North 00 de- grees 32 minutes 25 seconds East 171.44 'feet; thence North 07 de- grees 06 minutes 13 seconds West 93.11 feet; thence North 00 de- grees 32 minutes 42 seconds East 225.29 feet along the West right-of-way Line of said Highway No. 61; thence North 04 de- grees 32 Minutes 04 seconds West 418.47 feet along said West right-of-way Line; thence North 02 de- grees 21 minutes 16 seconds West 65.19 feet; thence North 05 de- grees 53 minutes 30 seconds West 347.62 feet; thence North 06 de- grees 00 minutes 38 seconds West 219.51 feet; thence North 84 de- grees 48 minutes 48 seconds East 242.64 feet; thence North 08 de- grees, 41 minutes 01 seconds West 587.14 feet; thence ,North 01 de- grees 58 minutes 37 seconds West 112.95 feet; thence North 17 de- grees 20 minutes 11 seconds East 111.53 feet; thence North 05 de- grees 46 minutes 38 seconds West 1373.13 feet; curve concave Wester- ly and tangent to the preceding course hav- ing a 821.34 foot chord bearing North 03 de- grees 10 minutes 44 seconds East; thence North 05 de- grees 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 pre- ceding course having a 172.85 foot chord bear- ing North 02 degrees 34 minutes 08 seconds West; thence North 00 de- grees 10 minutes 22 seconds West 198.38 feet; thence North 45 de- grees 08 minutes 04 seconds West 22.54 feet; thence North 00 de- grees 00 minutes 00 seconds West 26.34 feet; • thence North 45 de- grees 06 minutes 28 seconds East 21.02 feet; thence North '00 de-. grees 23 minutes 37 seconds East 318.10 feet; thence North 89 de- grees 59 minutes 26 seconds East 73.86 feet; • thence North 35 de- grees 16 minutes 20 seconds East 57.55 feet; thence North 01 de- grees 24 minutes 09 seconds East 47.94 feet; thence North 34 de- grees 23• minutes 50 seconds East 272.53 feet; thence North 13 de- grees 17 minutes 56 seconds West 161.81 feet; thence North 38 de- grees 00 minutes 52 seconds East 1195.47 feet; thence North 45 de- grees 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 de- grees 00 minutes 52 seconds East 700.53 feet along said East Right -of -Way Line; thence North 51 de- grees 40 minutes 52 seconds East 274.81 feet; thence North 35 de- grees 50 minutes 57 seconds East 448.99 feet; thence North 40 de- grees 13 minutes 12 seconds East 400.16 feet; thence North 37 de- grees 40 minutes 34 seconds East • 502.15 feet; thence North 32 de- grees 18 minutes 01 seconds East 386.34 feet to a point oh the East Right -of -Way Line lof Highway No. 61; thence North 43 de- grees 03 minutes 14 seconds East 44.76 feet along said East Right - of -Way Line; thence North 02 de- grees 10 minutes 57 seconds West 268.24 feet along said East Right -of -Way Line; thence North 56 de- grees 10 minutes 48 est on loans, monies advanced to, indebted- ness, whether funded, refunded, assumed or otherwise, Including bonds orobligations is- sued under the author- ity of Section 403.9 or 403.12 of the Code of Iowa, as amended, in- curred by the City of Dubuque, Iowa, to fi- nance or refinance, in whole or in part, urban renewal protects un- dertaken within the Ur- ban Renewal Project Area pursuant to the Urban Renewal Plan, except that taxes for the payment of bonds and interest of each taxing district and any other levies described In Section 403.19 shall be collected against all taxable property within the Urban Renewal Project Area without any limitation as herei- nabove provided, Section 5. Unless or until the total assessed valuation of the taxa- ble property in Subarea A of the Urban Renewal Project Area exceeds the total assessed val- ue of the taxable prop- erty in Subarea A of, the Urban Renewal Project Area as shown by the assessment roll referred to in Section 3 of this Ordinance, all of the taxes levied and collected upon the tax- able property in Subarea A of the Urban Renewal Project Area shall be paid Into the funds for the respec- tive taxing districts as taxes by or for said taxing districts in the same manner as all other property taxes. Section 6. At such time as the loans, ad- vances, Indebtedness, bonds and interest thereon of the City of Dubuque, Iowa refer- red to in Section 4 hereof have• been paid, all monies thereafter received from taxes upon the taxable prop- erty in Subarea A of the Urban Renewal Protect Area shall be paid into the funds for the respective taxing districts In the same manner as taxes on all other property. Section 7. All ordinan- ces or parts of ordinan- ces in conflict with the provisions of this Ordi- nance are hereby re- pealed. The provisions of this Ordinance are intended and shall be construed so as to fully implement the provi- sions of Section 403.19 of the Code of Iowa, as amended, with respect to the division of taxes from property within Subarea A of the Urban Renewal Protect Area as described above. In the event that any pro- vision of this Ordi- nance shall be deter- mined to be contrary to law, it shall not affect other provisions or ap- plication .9f this Ordi- nance which shall at all times be construed to fully invoke the provl- Bions of Section 403.19 of the Code of Iowa with reference. to Subarea A of the Urban Renewal Project Area and the territory con- tained therein... Masterpiece on the Mississippi Rick Engelken Dubuque City Assessor Dubuque County Courthouse 720 Central Ave Dubuque, IA. 52001 Dear Rick, Dubuque kthri All -America City 11111 s 2007 • 2012 • 2013 City Clerk's Office City Hall 50 W. 13th Street Dubuque, IA 52001-4864 (563) 589-4120 office (563) 589-0890 fax ctyclerk@cityofdubuque.org www.cityofdubuque.org July 16, 2014 I am requesting that the enclosed certified copy of Ordinance No. 44-14 and certified copy of Ordinance No. 45-14 from the City of Dubuque be recorded into you records pursuant to Iowa Code. If you have any questions or concerns regarding this request please feel free to contact the Dubuque City Clerk's Office at 563-589-4120 or kfirnsta@cityofdubuque.org. Sincerely, Kevin S. Firnstahl City Clerk KF/tg Enclosure Masterpiece on the Mississippi Denise Dolan Dubuque County Auditor Dubuque County Courthouse 720 Central Ave Dubuque, IA. 52001 Dear Denise, Dubuque NI-AmericaCity 1I 1 1 IF 2007 • 2012 • 2013 City Clerk's Office City Hall 50 W. 13th Street Dubuque, IA 52001-4864 (563) 589-4120 office (563) 589-0890 fax ctyclerk@cityofdubuque.org www.cityofdubuque.org July 16, 2014 I am requesting that the enclosed certified copy of Ordinance No. 44-14 and certified copy of Ordinance No. 45-14 from the City of Dubuque be recorded into you records pursuant to Iowa Code. If you have any questions or concerns regarding this request please feel free to contact the Dubuque City Clerk's Office at 563-589-4120 or kfirnsta@cityofdubuque.org. Sincerely, Kevin S. Firnstahl City Clerk KF/tg Enclosure RESOLUTION NO. 154-14 A RESOLUTION OF NECESSITY FINDING THAT CERTAIN AREAS ADJACENT TO THE ESTABLISHED DUBUQUE TECHNOLOGY PARK ECONOMIC DEVELOPMENT DISTRICT MEET THE DEFINITION OF AN ECONOMIC DEVELOPMENT AREA UNDER THE URBAN RENEWAL LAW, THAT DEVELOPMENT OF SAID AREA IS NECESSARY IN THE INTEREST OF THE RESIDENTS OF THE CITY OF DUBUQUE, IOWA, AND SETTING DATES OF HEARING AND CONSULTATION ON A PROPOSED AMENDMENT TO THE AMENDED AND RESTATED URBAN RENEWAL PLAN FOR SAID DISTRICT. Whereas, the City Council of the City of Dubuque has heretofore, by Resolution 172-13, adopted June 3rd, 2013, approved the Amended and Restated Urban Renewal Plan for the Dubuque Technology Park Economic Development District (the "District") in order to provide redevelopment opportunities which will further economic development purposes and objectives as described in the Urban Renewal Plan; and Whereas, 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 the County before the City can proceed with the expansion of said District; and Whereas, the Board of Supervisors of Dubuque County, Iowa ("County") 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 partiesRed; and Whereas, Chapter 403 of the Iowa Code requires that before urban renewal authority may be exercised, a City Council must adopt a resolution of necessity finding that the area in question is a slum, blighted or economic development area, and that so designating such area is necessary in the interest of the public health, safety or welfare of the residents of the municipality. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the Sub -area B generally described in Exhibit A to this Resolution, which is proposed to be added to the District, is an economic development area as defined by Chapter 403 of the Iowa Code and is appropriate for an urban renewal project. Section 2. That the construction of infrastructure improvements within Sub- area B and the continued development of the Dubuque Technology Park Economic Development District is necessary and appropriate to facilitate the proper growth and development of the community in accordance with sound planning and local community objectives. Section 3 That the City Manager is authorized and directed to prepare an amendment to the Urban Renewal Pian for the Dubuque Technology Park Economic Development District, such amendment to include Sub -Area B within the District and such other modifications to the property contained within the District as may be appropriate, and setting forth the urban renewal projects that are currently expected to be undertaken in the District, and the City Manager is further authorized to determine an appropriate date for and conduct the consultation process required by law with affected taxing entities concerning the proposed amendment. Section 4. That the City Council hold a public hearing on the adoption of the proposed Amended and Restated Urban Renewal Plan for the Dubuque Technology Park Economic Development District on June 16th, 2014 at 6:30p.m. in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa 52001. The notice of said hearing shall generally identify the area to be covered by the Amended and Restated Urban Renewal Plan and the scope of the urban renewal project activities planned for such area, and said notice shall be published and available to the public not less than four days nor more than twenty days before the date of said meeting. A copy of the notice of public hearing shall be sent by ordinary mail to the affected taxing entities. Section 5. That the Mayor is authorized and directed to sign the Joint Agreement between the County and the City. Section 6. That the City Clerk is further directed to send by ordinary mail a copy of said Amended and Restated Urban Renewal Plan, the notice of public hearing, and, to the extent the amendment includes the use of tax increment revenues for a public building, an analysis of alternative development and funding options for such public buildings, to the Dubuque Community School District and the County Board of Supervisors, as the affected taxing entities. Passed, approved and adopted this 19th day of May, 2014. Attest: Kevin S Firnstahl, City erk Roy D. Buol, Mayor Prepared by Phil Wagner, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4393 Return to: 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 financing 6 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 required to generate new private investment will ultimately increase the taxable 7 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. It is anticipated that the maximum amount of indebtedness which will qualify for 8 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