North Cascade Road Area - Housing Urban Renewal Plan Copyright 2014
City of Dubuque Public Hearings # 1.
ITEM TITLE: North Cascade Road Area - Housing Urban Renewal Plan
SUMMARY: Proof of Publication on notice of public hearing to consider North Cascade
Road Urban Renewal Plan and Joint Agreement with Dubuque County and
the City Manager recommending approval.
RESOLUTION Approving the Urban Renewal Plan for the North Cascade
Road Housing Urban Renewal Area
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s)
ATTACHMENTS:
Description Type
❑ North Cascade Road Urban Renewal Plan-MVM Memo City Manager Memo
❑ Staff Memo Staff Memo
❑ LRPC memo to Council Supporting Documentation
❑ UR Plan-North Cascade Road Supporting Documentation
❑ Attachment A-UR Plan map Supporting Documentation
❑ Attachment B-1 -Existing Land Use Supporting Documentation
❑ Attachment B-2-Proposed Land Use Supporting Documentation
❑ Attachment C-bonded indebtedness Supporting Documentation
❑ Attachment D-District Boundary Descriptions Supporting Documentation
❑ Attachment E-Current Zoning Supporting Documentation
❑ Financial Summary Supporting Documentation
❑ Consultation Minutes Supporting Documentation
❑ Joint Agreement Supporting Documentation
❑ Resolution of Adoption Resolutions
THE CITY OF Dubuque
UBE I
erica .i
Masterpiece on the Mississippi 2007-2012-2013
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Urban Renewal Plan for the North Cascade Road Housing Urban
Renewal Area
DATE: November 25, 2014
Economic Development Director Maurice Jones recommends City Council approval of
the North Cascade Road Urban Renewal Plan and the Joint Agreement with the County
for said Plan. The proposed plan will comply with the provisions of House File 2460,
adopted by the Iowa legislature in 2012, requiring urban renewal plans reflect any active
urban renewal project.
The primary goal of the Plan is to stimulate, through public involvement and
commitment, private investment in new housing and residential development as defined
by the Iowa Code Section 403.17(12). This proposed creation of the North Cascade
Road Housing Urban Renewal Area would result in improved roads and utilities in the
designated area, as well as funding to assist with low-moderate income family housing
anywhere within the City.
With the 10 year life of the TIF District it is projected to generate $11.3 million in
increment with $4.3 million going to affordable housing throughout the community and
$7 million going to North Cascade Road improvements and other improvements in the
District.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
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
2
Dubuque Economic Development Department
THE CITY OF 50 West 13th Street
All-AmericaCitY Dubuque,Iowa 52001-4864
DUB3 E1 ' Office(563)589-4393
TTY(563)690-6678
http://www.cityofdubuque.org
Masterpiece on the Mississippi 200.2012.2013
TO: Michael Van Milligen, City Manager
FROM: Maurice Jones, Economic Development Director
SUBJECT: Urban Renewal Plan for the North Cascade Road Housing Urban
Renewal Area
DATE: November 24, 2014
INTRODUCTION
The purpose of this memorandum is to forward for City Council review and approval 1)
the Urban Renewal Plan for the North Cascade Road Housing Urban Renewal Area;
and 2) enters into a Joint Agreement with the County for said Plan. The proposed plan
will comply with the provisions of House File 2460, adopted by the Iowa legislature in
2012, requiring urban renewal plans reflect any active urban renewal project.
BACKGROUND
On October 20, 2014, the City Council reviewed consent signatures from Property
Owners in the Area (needed from owners of"agricultural land" outside City limits but
within a proposed Urban Renewal Area) and approved a Resolution of Necessity finding
that the proposed urban renewal area meets the definition of a housing urban renewal
area under state law, and is appropriate for urban renewal activities. Staff has prepared
an Urban Renewal Plan for the district as per the directive of the City Council.
That same evening, the County Board of Supervisors approved entering into a Joint
Agreement with the City for the North Cascade Road Housing Urban Renewal Area.
This agreement is consent from the County for the City to exercise Urban Renewal
authority in the portion of the Area that is outside, but within two miles of, City limits.
This meets the requirements of Iowa Code Chapter 403.17(4).
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 October 28, 2014. There were no representatives from
the taxing entities in attendance.
The Plan was reviewed by the Long Range Planning Commission on November 19,
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.
The public notice of public hearing was published on November 21 , 2014 to allow for
the appropriate publication requirements.
DISCUSSION
The primary goal of the Plan is to stimulate, through public involvement and
commitment, private investment in new housing and residential development as defined
by the Iowa Code Section 403.17(12). This proposed creation of the North Cascade
Road Housing Urban Renewal Area would result in improved roads and utilities in the
designated area, as well as funding to assist with LMI family housing anywhere within
the City.
With the 10 year life of the TIF District it is projected to generate $11 .3 million in
increment with $4.3 million going to affordable housing throughout the community and
$7 million going to North Cascade Road improvements and other improvements in the
District. See attached financial summary.
RECOMMENDATION/ ACTION STEP
I recommend that following the public hearing, the attached resolution adopting the
Housing Urban Renewal Plan, as well as the Joint Agreement with the County, be
approved to support reinvestment efforts in the District.
C:\Program Files\neevia.com\docConverterPro\temp\NVDC\6A78FD94-0958-4725-83DF-
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Planning Services Department
City Hall
50 West 13th Street
Dubuque, IA 52001-4864
(563) 589-4210 phone
(563) 589-4221 fax
(563) 690-6678 TDD
planning@cityofdubuque.org
The Honorable Mayor and City Council
City of Dubuque
50 W.13th Street
Dubuque, IA 52001
Masterpiece on the Mississippi
2012
November 24, 2014
RE: Creation of the North Cascade Road Housing Urban Renewal Area Plan
Dear Mayor and City Council Members:
Introduction
The Long Range Planning Advisory Commission has reviewed the proposed creation of the
North Cascade Road Housing Urban Renewal Area Plan.
Discussion
Maurice Jones, Economic Development Director, reviewed that the District will be an urban
renewal area which allows the City of Dubuque to capture tax increment revenue from
improvements made in the District in order to promote economic development activities. He
explained that the District will be created for the development of a residential district in the
Timber Hyrst Estates subdivision, as well as improvements along North Cascade Road. He
noted that in addition to the development of infrastructure, tax increment financing will be used
to benefit low and moderate income individuals in the community.
The Commission reviewed the request and discussed the use of tax increment financing for
infrastructure improvements on the periphery of the community. The Commission discussed
how the District could support the provision of housing affordable to low and moderate income
households throughout Dubuque. The Commission reviewed the request in terms of
consistency with the Comprehensive Plan's goals and objectives.
Recommendation
By a vote of 4 to 0, the Commission recommends the creation of the North Cascade Road
Housing Urban Renewal Area Plan, as it is consistent with the 2012 Dubuque Comprehensive
Plan.
Respectfully submitted,
John Pregler, Chairperson
Long Range Planning Advisory Commission
cc: Maurice Jones, Economic Development Director
Service
People
Integrity
Responsibility
Innovation
Teamwork
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Doc ID: 008150770012 Type GEN
Kind RESOLUTION
Recorded: 12/02/2014 at 04:14:23 PM
Fee Amt: $62.00 Page 1 of 12
Dubuque County Iowa'
Kathy Flynn Thurlow Recorder
F11e2014-00013578
PreparedBy:JillConnors,EDCityofDubuque50W.13111St.Dubuque,IA 52001(563)589-4393
Return To: Kevin Firnstahl, City Clerk City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4121
RESOLUTION NO. 374-14
RESOLUTION APPROVING THE URBAN RENEWAL PLAN FOR THE NORTH
CASCADE ROAD HOUSING URBAN RENEWAL AREA
Whereas, by Resolution 331-14 approved on October 20, 2014, the City Council
of the City of Dubuque, Iowa authorized the preparation of an Urban Renewal Plan for
the North Cascade Road Housing Urban Renewal Area (the "District"); and
Whereas, the proposed Urban Renewal Plan for the District has been prepared
and placed on file for public inspection in the City Clerk's Office; and
Whereas, the City of Dubuque's primary objective for the North Cascade Road
Housing Urban Renewal Area is to stimulate, through public involvement and
commitment, private investment in new housing and residential development as defined
by Iowa Code Section 403.17(12), as described in the Urban Renewal Plan; and
Whereas, the City Council finds that the District meets the definition of an
economic development area as found in Chapter 403 of the Iowa Code, and is
appropriate for the provision of public improvements related to housing and residential
development; and
Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa,
has held a public hearing on the proposed Urban Renewal Plan after public notice
thereof.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the Urban Renewal Plan for the North Cascade Road Housing
Urban Renewal Area is hereby approved.
(20
Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized
and directed to file a certified copy of this Resolution and the Urban Renewal Plan in the
office of the Dubuque County Recorder.
Passed, approved and adopted this 1st day of December, 2014.
Karla A. Braig, Mayorro Tem
Attest:
Trish L. Gleason, Assistant City Clerk
21,t6ut &tdt
L?oarcl o Sri erviiori
COURTHOUSE - 720 CENTRAL AVENUE
Eric Manternach DUBUQUE, IOWA 52001-7079
emanternach@dbeco.org www.dubuquecounty.org
Wayne Demmer
wdemmer@dbq.org
Daryl Klein
dklein@dbeco.org
October 24, 2014
Jill Connors
Economic Development Department
City of Dubuque
50 W. 13th St.
Dubuque, Iowa 52001
Dear Jill;
Phone: 563-589-4441
Fax: 563-587-3836
Enclosed are two originals of the Joint Agreement with the City of Dubuque for the North
Cascade Road Housing Urban Renewal Area and a copy of the resolution which approved it.
Please return a fully executed original to us as it is a requirement of the Dubuque County
Auditor.
Sincerely,
Mary Ann Specht
Assistant to the Board
Dubuque County
RESOLUTION NUMBER /q-0&2
WHEREAS, Dubuque County Board of Supervisors has been presented with a Joint Agreement
with the City of Dubuque to create the established urban renewal area known as the North
Cascade Road Housing Urban Renewal Area, so as to include properties located within two miles
of, but outside the corporate limits, of the City of Dubuque, for the purpose of undertaking an
urban renewal project; and
WHEREAS, the Dubuque County Board of Supervisors has reviewed the proposed Urban
Renewal Plan for said area and has determined to consent to the creation of the District as so
proposed.
NOW, THEREFORE BE IT RESOLVED that the Dubuque County Board of Supervisors
approves and authorizes the Chairperson to sign the Joint Agreement with the City of Dubuque to
create the urban renewal area known as the North Cascade Road Housing Urban Renewal Area, so
as to include properties located within two miles of, but outside the corporate limits, of the City of
Dubuque, for the purpose of undertaking an urban renewal project per Iowa Code Section
403.17(4).
Waynepemmer, Chairperson
Dubuque County Board of Supervisors
Approved: October 20, 2014
Attest:
)-y) tvi.XL.,r1 ct—cx
Mona Manternach, Deputy County Auditor
JOINT AGREEMENT
BETWEEN
THE CITY OF DUBUQUE, IOWA
AND
THE DUBUQUE COUNTY BOARD OF SUPERVISORS
WHEREAS, the City of Dubuque, Iowa (the "City") desires to create a housing
urban renewal area known as the North Cascade Road Housing Urban Renewal Area
to include properties located within two (2) 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 has reviewed
the proposed North Cascade Road Housing Urban Renewal Area Plan for said area,
described therein as the North Cascade Road Housing Urban Renewal Area (the
"District"), and has determined that the creation of the area and completion of the
projects proposed in the District are in the best interests of Dubuque County in the State
of Iowa; and
WHEREAS, because a portion of the land proposed to be added is outside the
City limits, Iowa Code Section 403.17(4) requires a "joint agreement" between the City
and the County before the City can proceed with said projects.
NOW THEREFORE, DUBUQUE COUNTY, IOWA AND THE CITY OF
DUBUQUE, IOWA AGREE AS FOLLOWS:
1. The Board of Supervisors of Dubuque County, State of Iowa, hereby consents to,
agrees, and authorizes the City, State of Iowa, to proceed with the creation of the North
Cascade Road Housing Urban Renewal Area, as described in the proposed Urban
Renewal Plan for the District and as the same may be further amended from time to
time, and the undertaking of urban renewal projects within said area.
2. This "joint agreement" is intended to meet the requirements of Iowa Code
Chapter 403.17(4) with respect to the establishment of an urban renewal area in
Dubuque County, State of Iowa, to include land within two (2) miles of, but outside the
corporate limits of, the City, State of Iowa.
3. This Joint Agreement has been duly authorized by the governing bodies of
Dubuque County, State of Iowa, and the City, State of Iowa.
DUBUQUE COUNTY, IOWA
By:, ..)24_
Chairperson, Board of Supervisors
STATE OF IOWA )
COUNTY OF DUBUQUE )
ATTEST:
By: >'Y1 crn.a.. �YI a/k J
Mona Manternach, Deputy County Auditor
ss
On this 2 day of eft—6-4,3 , 2014, before me a Notary Public in and for the
State of Iowa, personally appeared
me personally known, who being duly sworn did say that they are the Chairperson of the Board
of Supervisors and Auditor, respectively, of Dubuque County, State of 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
Auditor acknowledged said instrument to be the free act and deed of said political subdivision by
it voluntarily executed.
STATE OF IOWA
COUNTY OF DUBUQUE
)
)
)
ss
Notary Public in and fort/y-€ i.
County, Iowa
CITY OF DUBUQUE, IOW
By:
Roy D. Buol,`ayor
MARY ANN SPECHT
Commission Number 153563
My Comm. Exp. mfa_zi-
ATTEST:
By:
Kevin Fi
/ if_4..).-/roror ,-.,--,
rnstahl, C ty CI.
On this j day of-DrCLcwr, 2014, before me a Notary Public in and for said
County, personally appeared Rr,-1 and id'a-�,1s4 S . „sktinjto me
personally known, who being duly sworn, did say that they are the Mayor and City Clerk,
respectively, of the City of Dubuque, State of 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.
Tried d L.
Commission Number 719986
My Commission Expires
Notary Public in and for
County, Iowa
URBAN RENEWAL PLAN
North Cascade Road Housing Urban Renewal Area
City of Dubuque, Iowa
December, 2014
TABLE OF CONTENTS
A. INTRODUCTION
B. DESCRIPTION OF THE URBAN RENEWAL AREA
C. DISTRICT DESIGNATION
D. BASE VALUE
E. DEVELOPMENT PLAN
F. RESIDENTIAL DEVELOPMENT
G. AREA OBJECTIVES
H. TYPE OF RENEWAL ACTIVITIES
I. PROPOSED PROJECT
J. FINANCIAL DATA
K. PROPERTY ACQUISITION/DISPOSITION
L. RELOCATION
M. STATE AND LOCAL REQUIREMENTS
N. SEVERABILITY
O. URBAN RENEWAL PLAN AMENDENTS
P. EFFECTIVE PERIOD
ATTACHMENTS
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A. INTRODUCTION
This Urban Renewal Plan for the North Cascade Road Housing Urban Renewal
Area ("Plan" or "Urban Renewal Plan") has been developed to help local officials
promote economic development in the City of Dubuque ("City"). The primary
goal of the Plan is to stimulate, through public involvement and commitment,
private investment in new housing and residential development as defined by the
Iowa Code Section 403.17(12).
In order to achieve this objective, the City intends to undertake urban renewal
activities pursuant to the powers granted to it under Chapter 403 and Chapter
15A of the Code of Iowa, as amended.
B. DESCRIPTION OF THE URBAN RENEWAL AREA
The North Cascade Road Housing Urban Renewal Area ("Area" or "Urban
Renewal Area") is illustrated in Attachments A, B-1 , and B-2 and described in
Attachment D.
The City reserves the right to modify the boundaries of the Area at some future
date.
C. DISTRICT DESIGNATION
With the adoption of this Plan, the City of Dubuque designates this Urban
Renewal Area as an economic development area that is appropriate for the
provision of public improvements related to housing and residential development.
D. BASE VALUE
If the North Cascade Road Housing Urban Renewal Area is legally established
and debt is certified prior to December 1 , 2014, the taxable valuation within the
Urban Renewal Area as of January 1 , 2013, will be considered the "base
valuation." If debt is not certified until a later date, the "base value" will be the
assessed value of the taxable property in the Urban Renewal Area as of January
1 of the calendar year preceding the calendar year in which the City first certifies
the amount of any debt.
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E. DEVELOPMENT PLAN
The City Council has approved a general plan for the physical development of
the City as a whole, outlined in the 2012 City of Dubuque Comprehensive Plan
that was adopted by the City Council on February 6, 2012. The goals,
objectives, and projects in this Urban Renewal Plan are consistent with the City's
Comprehensive Plan.
The North Cascade Road Housing Urban Renewal Area is zoned: County Al ,
County R-1 , County R-2 and County C-1 ; City R-1 , City R-2, City R-3, City C-2
and City C-2c. See Attachment E for details.
This Urban Renewal Plan does not in any way replace the City's current land use
planning or zoning regulation process.
For details on current and proposed land use, see attached land use maps,
Attachments B-1 and B-2.
F. RESIDENTIAL DEVELOPMENT
The City's objective in the North Cascade Road Housing Urban Renewal Area is
to promote new housing and residential development.
When a City utilizes tax increment financing to support residential development,
a percentage of the incremental revenues (or other revenues) generated by the
project (not to exceed the project costs which are limited to reimbursement of
"public improvement" costs as defined by Iowa law) must be used to provide
assistance for low and moderate income ("LMI") family housing. LMI families are
those whose incomes do not exceed 80% of the median Dubuque County
income. LMI families include single person households.
Unless a reduction is approved by the Iowa Economic Development Authority,
the percent of incremental revenues used to provide LMI family housing
assistance must be at least equal to the percentage of LMI families living in
Dubuque County, as determined by the U.S. Department of Housing and Urban
Development using Section 8 guidelines. That percentage has been determined
to be 38.1 %.
The assistance for LMI family housing may be provided anywhere within the City
and may include, but is not limited to:
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1 . Lots for LMI housing within or outside the urban renewal area;
2. Construction of LMI housing within or outside the urban renewal area;
3. Grants, credits or other direct assistance to LMI families living within or
outside the urban renewal area, but within the area of operation of the
municipality;
4. Payments to a LMI housing fund established by the City to be expended
for one or more of the above purposes, including matching funds for any
state or federal moneys used for such purposes.
G. AREA OBJECTIVES
Renewal activities are designed to provide opportunities, incentives, and sites for
new residential development within the district and to provide housing assistance
to LMI families.
More specific objectives for development within the North Cascade Road
Housing Urban Renewal Area are as follows:
1 . To alleviate and prevent conditions of unemployment and a shortage of
housing; and that it is accordingly necessary to assist and retain local
industries and commercial enterprises to strengthen and revitalize the
economy of the State of Iowa and the City of Dubuque.
2. To stimulate through public action and commitment, private investment in
new residential development.
3. To plan for and provide sufficient land for residential development in a
manner that is efficient from the standpoint of providing municipal
services.
4. To help finance the cost of water mains, sanitary sewer, storm sewer,
and street construction (including curb and gutter), as well as other public
improvements in support of new housing development.
5. To provide a more marketable and attractive investment climate.
6. To improve the housing conditions and housing opportunities for LMI
families.
5 -
H. TYPE OF RENEWAL ACTIVITIES
To meet the objectives of this Urban Renewal Plan and to encourage the
development of the Urban Renewal Area, the City intends to utilize the powers
conferred under Chapter 403 and Chapter 15A, Code of Iowa including, but not
limited to, tax increment financing. Activities may include:
1 . To undertake and carry out urban renewal projects through the
execution of contracts and other instruments.
2. To arrange for or cause to be provided the construction of public
infrastructure including but not limited to streets, water mains,
sanitary sewer, storm sewers, or other public improvements in
connection with urban renewal projects.
3. To finance programs which will directly benefit housing conditions
and promote the availability of housing affordable to LMI persons in
the community.
4. To make loans, grants or rebates to private persons to promote
housing projects on such terms as may be determined by the City
Council.
5. To borrow money and to provide security therefor.
6. To make or have made surveys and plans necessary for the
implementation of the urban renewal program or specific urban
renewal projects.
7. To use tax increment financing for a number of objectives, including
but not limited to, achieving a more marketable and competitive land
offering price and providing for necessary physical improvements
and infrastructure.
8. To use any or all other powers granted by the Urban Renewal Act to
develop and provide for improved economic conditions for the City of
Dubuque and the State of Iowa.
Nothing herein shall be construed as a limitation on the power of the City to
exercise any lawful power granted to the City under Chapter 15, Chapter
15A, Chapter 403, Chapter 4276, or any other provision of the Code of Iowa
in furtherance of the objectives of this Urban Renewal Plan.
- 6 -
I. PROPOSED PROJECT
The first proposed urban renewal project involves the construction of public
infrastructure to serve a new 216-lot subdivision under development by North
Cascade Road Developers, LLC ("Developer"). Certain of the public
improvements are expected to be constructed by the Developer, with the balance
being constructed by the City. The expected public improvements and their
estimated costs are as follows:
Public Improvements Estimated Costs
Fiber conduit & vaults $111 ,111
Stormwater over detention $50,000
Enhanced park $150,000
Water Main - Timber Hyrst to Curve #2 $143,000
Roadway Improve - Timber Hyrst to Curve #2 $639,000
Water Main - Curve #2 to Edval $110,000
Roadway Improve - Curve #2 to Edval $647,000
Water Main - Edval to Zoo $375,000
Roadway Improve - Edval to Zoo $2,200,000
Water Main - SW ArterialM/alser Lane $447,000
Bond Interest expense $2,155,778
Total $7,027,889
The City expects to provide assistance to the Developer in the form of property
tax rebates of potential incremental taxes, under the terms of a rebate agreement
between the City and the Developer. Under the proposal, some of the
incremental property tax generated from the new houses constructed within the
Urban Renewal Area pursuant to Iowa Code Section 403.19 is expected to be
rebated to the Developer (in an amount not to exceed the Developer's certified
costs of constructing certain of the required public improvements or $161 ,000,
whichever is less, or such other amount as may be determined by the City
Council) for a period of time to be determined by the City Council. These rebates
will not be general obligations of the City, but will be payable solely from
incremental property taxes generated by the project.
The City will set aside the required LMI percentage (38.1 %) of the incremental
taxes generated by the project (up to a maximum of the certified costs of
constructing the above public improvements) and use those funds to support LMI
family housing anywhere in the community. The remaining incremental taxes will
be available to the City to distribute in accordance with Iowa Code §403.19.
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J. FINANCIAL DATA
1) July 1 , 2014, Statutory debt limit: $183,621 ,403 (see Attachment C)
2) Outstanding general obligation debt: $155,252,583 (see Attachment C)
3) Proposed amount of indebtedness to be incurred: Although a specific
amount of indebtedness to be incurred in the Area has not yet been determined,
the estimated cost of constructing the public improvements for the new
subdivision is not expected to exceed $7,027,889. The LMI set-aside is not
expected to exceed $4,325,728. The total amount of tax increment to be used
under this Plan is expected to be approximately $11 ,353,618.
K. PROPERTY ACQUISITION/DISPOSITION
Other than easements and public right-of-ways, no property acquisition by the
City is anticipated at this time. However, if any property acquisition/disposition
becomes necessary to accomplish the objectives of the Plan, urban renewal
powers will be carried out, without limitation, in accordance with the State of Iowa
Urban Renewal Law.
L. RELOCATION
The City does not expect there to be any relocation required of residents or
businesses as part of the proposed urban renewal projects; however, if any
relocation is necessary, the City will follow all applicable relocation requirements.
M. STATE AND LOCAL REQUIREMENTS
All provisions necessary to conform to State and local laws will be complied with
by the City in implementing this Urban Renewal Plan and its supporting
documents.
N. SEVERABILITY
In the event one or more provisions contained in this Urban Renewal Plan, as it
may be amended, shall be held for any reason to be invalid, illegal, unauthorized
or unenforceable in any respect, such invalidity, illegality, lack of authorization or
enforceability shall not affect any other provision of this Urban Renewal Plan, and
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this Urban Renewal Plan shall be construed and implemented as if such
provisions had never been contained herein.
O. URBAN RENEWAL PLAN AMENDMENTS
This Urban Renewal Area Plan may be amended from time to time for a number
of reasons, including but not limited to, change in the area, to add or change land
use controls and regulations, to modify goals or types of renewal activities, or to
amend property acquisition and disposition provisions. The City Council may
amend this Plan pursuant to appropriate procedures under Iowa Code Chapter
403.
P. EFFECTIVE PERIOD
This Urban Renewal Plan will become effective upon its adoption by the City
Council and will remain in effect until it is repealed by the City Council.
With respect to the property included within the North Cascade Road Housing
Urban Renewal Plan Area, which is also included in an ordinance which
designates that property as a tax increment area and is designated based on an
economic development finding, to provide or to assist in the provision of public
improvements related to housing and residential development, the use of
incremental property tax revenues or the "division of revenue," as those words
are used in Chapter 403 of the Code of Iowa, is limited to ten (10) years
beginning with the second fiscal year following the 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 incremental property tax revenues
attributable to that property within the North Cascade Road Housing Urban
Renewal Area. With consent of all other affected taxing bodies (by written
agreement), the use of incremental property tax revenues under Iowa Code
Section 403.19 can be extended for up to 5 years if necessary to adequately fund
the housing project.
At all times, the use of tax increment financing revenues (including the amount of
loans, advances, indebtedness or bonds which qualify for payment from the
division of revenue provided in Section 403.19 of the Code of Iowa) by the City
for activities carried out under the North Cascade Road Housing Urban Renewal
Plan shall be limited as deemed appropriate by the City Council and consistent
with all applicable provisions of law.
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City of Dubuque
Summary of Bonded Indebtedness
Date Net year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
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 12-01-02 3.8187% 2017 3,105,000 575,000 190,000 6,712 385,000
Stormwater Improvements 09-15-03 4.2750% 2023 2,110,000 1,130,000 105,000 49,965 1,025,000
Stormwater Improvements 04-18-05 4.2421% 2024 1,750,000 1,080,000 90,000 46,902 990,000
DICW Expansion-Taxable 11-04-12 1.2193% 2016 2,995,000 675,000 350,000 6,750 325,000
DICW Expansion-Non Taxable 04-18-05 4.1240% 2021 4,270,000 3,195,000 145,000 131,718 3,050,000
Refinanced Portions 5th/3rd SIAA Ramps 11-04-12 1.2193% 2021 3,360,000 4,202,635 699,635 51,684 3,503,000
Refinanced Portions of T-Hangars 11-04-12 1.2193% 2020 165,000 317,365 50,365 4,008 267,000
Stormwater Improvements 05-02-06 4.0665% 2025 2,900,000 1,970,000 140,000 80,275 1,830,000
Sewer System Improvements&Ext. 12-01-07 3.6596% 2017 1,055,000 390,000 125,000 14,108 265,000
Stormwater Improvements 11-04-08 4.5702% 2028 3,885,000 3,040,000 165,000 135,502 2,875,000
Kephart's Building 11-04-08 4.2334% 2024 377,055 254,030 23,940 10,474 230,090
Library Renovation 11-04-08 4.2334% 2024 2,457,945 1,655,970 156,060 68,276 1,499,910
DICW Expansion-Non Taxable 11-04-08 4.2334% 2023 455,000 305,000 30,000 12,575 275,000
DICW Expansion-Taxable 11-04-08 5.5369% 2018 2,465,000 1,560,000 355,000 84,912 1,205,000
Airport Improvements 11-05-09 3.2913% 2029 230,000 190,000 10,000 9,280 180,000
Fire Truck Replacement 11-05-09 3.2913% 2029 1,410,000 1,175,000 60,000 57,280 1,115,000
Fiber Optic Paving 11-05-09 3.2913% 2029 100,000 80,000 5,000 3,870 75,000
Streetlight Replacement 11-05-09 3.2913% 2018 40,000 20,000 5,000 790 15,000
Stormwater Improvements 11-05-09 3.2913% 2029 1,155,000 965,000 50,000 47,040 915,000
Central Ave Parking Ramp 11-05-09 3.2325% 2029 9,310,000 7,770,000 405,000 374,694 7,365,000
DICW-North Siegert Improvements 11-05-09 3.2325% 2029 1,865,000 1,560,000 80,000 75,182 1,480,000
America's River Refunding 11-05-09 2.7913% 2021 8,885,000 5,500,000 705,000 216,475 4,795,000
Main Street-Refunding 08-02-10 2.4203% 2021 705,000 475,000 65,000 12,232 410,000
Airport 08-02-10 3.2838% 2030 176,361 154,813 7,495 5,010 147,318
Smart Meters for City Buildings 08-02-10 3.2838% 2030 62,835 55,158 2,670 1,785 52,488
Park Water System Study 08-02-10 3.2838% 2030 83,518 73,315 3,549 2,373 69,766
Refuse 08-02-10 3.2838% 2030 69,946 61,399 2,972 1,987 58,427
Stormwater Improvements 08-02-10 3.2838% 2030 1,667,481 1,463,752 70,862 47,370 1,392,890
Public Works Equipment Replacement 08-02-10 3.2838% 2030 542,488 476,208 23,054 15,411 453,154
Street Improvements 08-02-10 3.2838% 2030 270,822 237,732 11,509 7,694 226,223
Sanitary Improvements 08-02-10 3.2838% 2030 891,550 782,622 37,888 25,327 744,734
Downtown Housing RFP/40 Main 08-02-10 4.6650% 2030 2,675,000 2,400,000 95,000 106,165 2,305,000
Millwork District Parking 08-02-10 3.3265% 2030 2,825,000 2,480,000 120,000 78,400 2,360,000
Southwest Arterial 08-01-11 3.3045% 2031 1,029,285 943,917 43,090 31,347 900,827
Refuse 08-01-11 3.3045% 2031 36,615 33,578 1,533 1,115 32,045
Sanitary Sewer Improvements 08-01-11 3.3045% 2031 1,374,068 1,260,105 57,524 41,848 1,202,581
Stormwater Improvements 08-01-11 3.3045% 2031 2,287,260 2,097,559 95,754 69,658 2,001,805
Iowa Street Ramp Improvements 08-01-11 3.3045% 2031 60,720 55,684 2,542 1,850 53,142
Water System Improvements 08-01-11 3.3045% 2031 1,542,052 1,414,156 64,557 46,964 1,349,599
18th Street Building Improvements 08-01-11 3.5863% 2026 620,041 542,049 38,996 18,256 503,053
DICW Expansion-South Siegert Farm 08-01-11 3.5863% 2026 378,965 331,297 23,834 11,158 307,463
Date Net year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30/14 FY 2015 FY 2015 6/30/15
General Obligation Bonds
(Essential Corporate Puroosel
Port of Dubuque Parking Ramp 08-01-11 3.5863% 2026 590,994 516,656 37,169 17,400 479,487
Intermodal 02-06-12 2.5444% 2031 4,380,000 4,175,000 205,000 99,012 3,970,000
Stormwater Improvements 02-06-12 2.7031% 2031 1,935,000 1,775,000 90,000 48,570 1,685,000
7th Street/2-Way Conversion 02-06-12 2.7031% 2031 5,560,000 5,300,000 260,000 130,694 5,040,000
Washington Neighborhood Business Incentives 06-04-12 3.1972% 2032 755,000 755,000 35,000 22,205 720,000
Airport Improvements 06-04-12 3.1972% 2032 90,000 80,000 10,000 1,685 70,000
Airport Improvements 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 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-taxa[ 06-04-12 2.7903% 2032 425,000 410,000 15,000 12,462 395,000
Airport Utility Extension-Tech South-Const 06-04-12 2.7903% 2018 945,000 765,000 185,000 21,100 580,000
Fire Pumper 06-04-12 2.7903% 2027 269,800 252,050 17,750 7,384 234,300
Fire Station#4 Improvements 06-04-12 2.7903% 2022 65,000 60,000 5,000 1,750 55,000
E911 Tower Relocation 06-04-12 2.7903% 2027 235,800 221,400 14,400 6,498 207,000
Park Improvements-15 year Bonds 06-04-12 2.7903% 2027 65,500 61,500 4,000 1,805 57,500
Civic Center Improvements 06-04-12 2.7903% 2027 550,200 516,600 33,600 15,162 483,000
Conference Center Improvements 06-04-12 2.7903% 2022 60,200 55,900 4,300 1,634 51,600
Recreation Improvements-10 year bonds 06-04-12 2.7903% 2022 9,800 9,100 700 266 8,400
Library Improvements 06-04-12 2.7903% 2022 65,500 61,500 4,000 1,805 57,500
City Hall Brickwork 06-04-12 2.7903% 2027 393,000 369,000 24,000 10,830 345,000
FEMA Land Buyout 06-04-12 2.7903% 2027 110,200 102,950 7,250 3,016 95,700
Locust Ramp Security Cameras 06-04-12 2.7903% 2033 175,000 170,000 5,000 5,163 165,000
Sanitary Sewer Improvements 06-04-12 2.7903% 2033 1,560,000 1,495,000 65,000 45,144 1,430,000
Stormwater Improvements 06-04-12 2.7903% 2033 405,000 390,000 15,000 11,850 375,000
Water System Improvements 06-04-12 2.7903% 2033 1,840,000 1,765,000 75,000 53,550 1,690,000
DICW Expansion-Consultant 11-04-12 2.5337% 2032 151,447 151,447 6,724 3,586 144,723
Airport Utility Extension-Tech South-Design 11-04-12 2.5337% 2018 50,562 50,562 13,650 1,029 36,912
Granger Creek Trail-Tech South 11-04-12 2.5337% 2018 194,854 194,854 51,350 3,871 143,504
GDTIF ADA Restroom 11-04-12 2.5337% 2032 222,043 222,043 9,710 5,179 212,333
GDTIF Sidewalks to MCAleece 11-04-12 2.5337% 2032 105,178 105,178 4,414 2,354 100,764
GDTIF MCFC Second Floor Renovation 11-04-12 2.5337% 2032 1,413,351 1,413,351 62,676 33,429 1,350,675
GDTIF Rail Platform 11-04-12 2.5337% 2032 247,563 247,563 11,476 6,121 236,087
GDTIF MCIC Improvements 11-04-12 1.7008% 2032 256,887 256,887 30,000 3,940 226,887
GDTIF Wash Neighborhood Business Grants 11-04-12 1.7008% 2032 302,220 302,220 34,800 4,570 267,420
GDTIF Business ADA Assistance 11-04-12 1.7008% 2032 25,150 25,150 2,400 315 22,750
GDTIF DT Housing Incentives 11-04-12 1.7008% 2032 173,776 173,776 20,400 2,679 153,376
GDTIF Financial Consultant Grant 11-04-12 1.7008% 2032 100,705 100,705 12,000 1,576 88,705
GDTIF DT Facade Grant 11-04-12 1.7008% 2032 151,110 151,110 18,000 2,364 133,110
GDTIF Hist District Improvements Grant 11-04-12 1.7008% 2032 25,150 25,150 2,400 315 22,750
Police Software Replacement 11-04-12 2.4872% 2022 356,720 325,220 34,650 6,536 290,570
Park Improvements-10 year bonds 11-04-12 2.4872% 2022 211,120 192,620 20,350 3,839 172,270
Park Improvements-10 year bonds 11-04-12 2.4872% 2022 171,808 158,008 13,800 3,151 144,208
Recreation Improvements-10 year bonds 11-04-12 2.4872% 2027 14,924 13,724 1,200 274 12,524
Library Improvements 11-04-12 2.4872% 2027 173,992 163,992 10,000 3,594 153,992
Southwest Arterial 11-04-12 2.4872% 2032 1,282,372 1,225,625 56,747 29,795 1,168,878
Sanitary Forecmain Repair 11-04-12 2.4872% 2032 652,652 623,744 28,908 15,178 594,836
7th Street Stormwater lmprovments 11-04-12 2.4872% 2032 133,952 128,025 5,927 3,112 122,098
Water System Improvements 11-04-12 2.4872% 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
Sales Tax Reveue FMP-GO 05-19-14 3.2309% 2029 7,190,000 7,190,000 - - 7,190,000
Sales Tax Reveue FMP-Non-Appropriation Future TBD 2029 16,500,000 - - - 108,530
FY15 Planned Projects Future 3.5000% 2035 21,432,697 - 909,771 764,208 20,522,926
FY16 Planned Projects Future 3.5000% 2036 13,147,878 - - - -
Fy17 Planned Projects Future 3.5000% 2037 8,632,995 - - - -
Fy18 Planned Projects Future 3.5000% 2038 6,774,264 - - - -
Fy19&Beyond Debt Estimate Future 3.5000% 19,326,039
Total General Obligation Bonds 213,924,435 107,541,853 7,760,297 3,738,108 121,323,148
Date Net year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30/14 FY 2015 FY 2015 6/30/15
Tax Increment
Vessel Systems(DICW) 12-30-03 8.0% 2015 140,000 19,433 19,433 1,174 -
Pon of Dubuque Parking Ramp 10-16-07 7.5000% 2037 23,025,000 21,750,000 380,000 1,631,250 21,370,000
Adams Company G.O TIF(DICW) 02-13-04 4.07% 2015 500,000 45,456 45,456 3,700 -
Total Tier Increment Bonds 23,665,000 21,814,889 444,889 1,636,124 21,370,000
Lower Main Development,LLC TIF Note 06-30-04 8.00% 2016 182,000 48,302 23,293 3,407 25,009
Theisen Supply,Inc.TIF Note(DICW) 11-22-06 8.25% 2018 812,000 401,194 88,694 31,306 312,500
40 Main(GDTIF) 08-06-09 2020 690,529 528,079 61,592 33,816 466,487
Total T"Increment Notes 2,021,529 977,575 173,579 68,529 803,996
Total T"Increment 25,686,529 22,792,464 618,468 1,704,653 22,173,996
TIF bond issue for the Port of Dubuque Parking Ramp backed by Greater Downtown TIF&a minimum assessment agreemen'
Economic Development TIF Rebate Agreements
P&L Ventures (DICW) 01-01-06 Rebate 2018 143,050 87,448 19,912 - 67,536
Dubuque Screw (DICW) 01-01-07 Rebate 2019 231,180 192,330 34,364 - 157,966
Tri-States (DICW) 01-01-04 Rebate 2017 374,690 157,599 50,537 - 107,062
Arts Way (DICW) 01-01-07 Rebate 2019 543,650 254,925 53,301 - 201,624
Spiegel Spec (DICW) 01-01-07 Rebate 2019 305,880 146,300 30,589 - 115,711
Kendall Hunt (DICW) 01-01-07 Rebate 2019 1,650,920 789,630 165,097 - 624,533
Hormel Foods (DICW) 01-01-07 Rebate 2021 625,000 4,694,942 701,162 - 3,993,780
Vanguard (DICW) 01-01-06 Rebate 2022 531,212 303,640 39,678 - 263,962
Medline (DICW) 01-01-07 Rebate 2019 625,000 1,129,420 236,141 - 893,279
Giese Properties II (DICW) 01-01-07 Rebate 2019 56,950 27,240 5,695 - 21,545
Faley Properties(DICW) 01-01-12 Rebate 2023 1,047,730 942,957 104,773 - 838,184
TM Logistics(Walter)(DICW) 01-01-11 Rebate 2019 141,755 113,404 28,351 - 85,053
Green Industrial Supply(DICW) 01-01-11 Rebate 2019 639,850 575,865 63,985 - 511,880
Franklin Investment(GDTIF) 01-01-12 Rebate 2027 165,495 154,462 11,033 - 143,429
Spahn and Rose(GDTIF) 01-01-12 Rebate 2015 6,046 3,023 3,023 - -
NottinghamProperties(GDTIF) 01-01-12 Rebate 2027 2,010 1,876 1,876 - -
Plastic Center(GDTIF) 01-01-12 Rebate 2027 3,255 3,038 3,038 - -
Engine House#1(GDTIF) 01-01-12 Rebate 2022 22,428 19,224 19,224 - -
Flexsteel(GDTIF) 01-01-12 Rebate 2022 92,440 83,196 9,244 - 73,952
44 Main(GDTIF) 01-01-12 Rebate 2022 347,830 266,176 34,783 - 231,393
The Crust(GDTIF) 01-01-10 Rebate 2025 225,500 363,504 30,292 - 333,212
Heartland Financial(GDTIF) 01-01-03 Rebate 2015 711,830 68,384 68,384 - -
McGrawHillll(GDTIF) 01-01-03 Rebate 2018 4,826,300 1,846,716 482,644 - 1,364,072
Hartig(GDTIF) 01-01-07 Rebate 2019 101,730 49,085 9,673 - 39,412
POD Adam's Cc(GDTIF) 01-01-07 Rebate 2020 656,060 376,548 65,608 - 310,940
German Bank(GDTIF) 01-01-07 Rebate 2020 66,280 62,472 10,884 - 51,588
Star Brewery(GDTIF) 01-01-06 Rebate 2020 1,527,050 885,624 154,307 - 731,317
Roshek Building(GDTIF) 01-01-06 Rebate 2021 1,527,050 1,911,966 285,541 - 1,626,425
Interstate Building(GDTIF) 01-01-06 Rebate 2020 171,380 142,884 24,184 - 118,700
Date Net year of Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6/30/14 FY 2015 FY 2015 6/30/15
Tax Increment
Victory Cafe(GDTIF) 01-01-10 Rebate 2023 74,370 73,152 7,167 - 65,985
Julien Hotel(GDTIF) 01-01-07 Rebate 2026 492,940 2,677,680 222,066 - 2,455,614
C&B Security(GDTIF) 01-01-07 Rebate 2021 492,940 340,480 50,848 - 289,632
Morrison Brothers(GDTIF) 01-01-10 Rebate 2023 153,200 98,868 14,765 - 84,103
Quebecor(GDTIF) 01-01-98 Rebate 2021 101,770 - - -
Dubuque Stamp(Dubuque Malting&Brewing) 01-01-06 Rebate 2021 251,240 162,134 23,162 - 138,972
The Rose(Holy Ghost) 01-01-12 Rebate 2021 123,480 111,132 12,348 - 98,784
Kunkel Bounds(Technology Park South) 01-01-06 Rebate 2018 531,212 203,260 53,123 - 150,137
L&J Properties (Technology Park South) 01-01-07 Rebate 2019 365,870 174,995 36,588 - 138,407
Conlon Johnson (Technology Park South) 01-01-07 Rebate 2019 594,990 543,564 90,594 - 452,970
Straka Johnson (Technology Park South) 01-01-07 Rebate 2019 154,320 108,018 18,821 - 89,197
Total TIF Rebates 25,601,044 20,188,981 3,276,805 - 16,912,541
General Funded Leases Various Various On-going 135,000 135,000 135,000
Other Loans-Revenue Backed
two Finance Authority Loan-Caradco 12-01-10 3.0000% 2030 4,500,000 4,500,000 - 78,400 4,500,000
Tri-State Building Purchase 02-09-10 0.0000% 2016 330,000 94,285 47,143 47,142
Total Other Lns-Rev Backed 5,427,945 4,594,285 47,143 78,400 4,547,142
Total City Indebtedness Subject to Debt Limit 270,774,953 155,252,583.20 11,702,713 5,521,161 165,091,827
Revenue Bonds
Water-Clear Well Reservoirs 10-01-07 3.25% 2028 915,000 695,000 40,000 25,057 655,000
Water System Improvements&Ext. 11-04-08 4.71% 2023 1,195,000 835,000 80,000 44,882 755,000
Bricktown Parking Lot 12-01-08 5.0000% 2023 400,000 286,263 24,207 14,014 262,056
Water System Improvements&Ext. 08-16-10 3.54% 2030 5,700,000 5,135,000 195,000 186,575 4,940,000
Water&Resource Recovery Upgrade(includes G 08-18-10 3.25% 2039 74,285,000 67,853,578 2,311,000 1,396,119 67,832,000
Northfork Catfish Sanitary Improvements 12-28-06 3.25% 2031 688,371 581,879 26,120 20,331 555,759
Northfork Catfish Stormwater Improv. 12-28-06 3.25% 2031 769,024 657,039 29,494 22,957 627,545
Lower Bee Branch Restoration 12-01-10 3.25% 2041 5,836,613 5,182,106 232,619 599,882 4,949,487
West 32nd Detention Basin 01-14-09 3.25% 2028 1,847,000 1,402,000 81,000 46,650 1,321,000
Water Meter Change Out Program 11-01-09 3.25% 2031 6,394,000 5,633,000 253,000 183,072 5,380,000
Lower Bee Branch SRF-Plannetl 1,187,757 1,187,757 50,658 21,574 1,137,099
Upper Bee Branch SRF-Planned 24,421,704 24,421,704 - 67,838 24,421,704
Total Revenue Bonds 123,639,469 113,870,326 3,323,098 2,628,951 112,836,650
Total City Indebtedness 394,414,422 269,122,909 15,025,811 8,150,112 277,928,477
Statutory Debt Limit 183,621,403 193,113,721
%of Debt Limit Used 94.55% 85.49%
Remaining Debt Capacity 28,368,820 28,021,894
ATTACHMENT D
NORTH CASCADE ROAD HOUSING URBAN RENEWAL AREA
LEGAL DESCRIPTION:
LOTS 1 THRU 12 INCLUSIVE, AND LOTS 15 THRU 30 INCLUSIVE, AND LOTS B, C, AND E,
IN TIMBER-HYRST ESTATES, AND;
LOT 2 TIMBER-HYRST PLACE #2, AND;
ALL ADJOINING PUBLIC RIGHT OF WAY, ALL IN THE CITY OF DUBUQUE, DUBUQUE
COUNTY, IOWA.
LOTS 2 THRU 25 INCLUSIVE, AND LOTS 45 THRU 50 INCLUSIVE, IN TIMBER-HYRST
ESTATES NO. 2, AND;
LOT 1 TIMBER-HYRST PLACE #2, AND;
LOT 1 TENTINGER PLACE, AND;
LOT 2 TENTINGER PLACE, AND;
LOT 2 NINE H HIDDEN ACRES, AND;
LOT 41 TIMBER-HYRST ESTATES #2, AND;
LOT 2 DOUBLE H HIDDEN ACRES PLAT 2, AND;
LOT 2 OF NINE H HIDDEN ACRES PLAT 2, AND;
LOT 2 NINE H HIDDEN ACRES PLAT 6, AND;
LOT 2 NINE H HIDDEN ACRES PLAT 5, AND;
LOT 2 NINE H HIDDEN ACRES PLAT 4, AND;
LOT 35 TIMBER-HYRST ESTATES #2, AND;
LOT 34 TIMBER-HYRST ESTATES #2, AND;
LOT 33 TIMBER-HYRST ESTATES #2, AND;
LOT 2 TIMBER-HYRST PLACE, AND;
LOT 1 TIMBER-HYRST PLACE, AND;
LOT 29 TIMBER-HYRST ESTATES #2, AND;
LOT 2 NINE H HIDDEN ACRES PLAT#3, AND;
LOT 1 TIMBER-HYRST PLACE #3, AND;
LOT C TIMBER-HYRST ESTATES #2, AND;
LOT 1 OF THE NE Y4 OF THE SW %, SECTION 2, T88N, R2E, AND;
LOT 3 OF KNEPPER ADDITION, AND;
ALL ADJOINING PUBLIC RIGHT OF WAY, ALL IN THE CITY OF DUBUQUE, DUBUQUE
COUNTY, IOWA.
LOTS 1 THRU 24 INCLUSIVE, AND LOTS 32 THRU 34 INCLUSIVE, IN TIMBER-HYRST
ESTATES NO. 3, AND;
i
LOT 1 TIMBER-HYRST PLACE #6, AND;
LOT 2 TIMBER-HYRST PLACE #6, AND;
LOT 1 TIMBER-HYRST PLACE #4, AND;
LOT 1 TIMBER-HYRST PLACE #5, AND;
LOT 2 TIMBER-HYRST PLACE #5, AND;
ALL ADJOINING PUBLIC RIGHT OF WAY, ALL IN THE CITY OF DUBUQUE, DUBUQUE
COUNTY, IOWA.
ALL OF TIMBER-HYRST ESTATES NO. 4 SUBDIVISION, AND;
ALL ADJOINING PUBLIC RIGHT OF WAY, ALL IN THE CITY OF DUBUQUE, DUBUQUE
COUNTY, IOWA.
PARTS OF SECTIONS 3 AND 4 IN TOWNSHIP 88 NORTH, RANGE 2 EAST OF THE 5TH
P.M., DUBUQUE COUNTY, IOWA, BEING A STRIP OF LAND 300 FEET IN WIDTH LYING
150' ON EACH SIDE OF THE FOLLOWING DESCRIBED CENTERLINE:
BEGINNING AT THE INTERSECTION OF THE EAST LINE OF THE NORTHWEST QUARTER
OF SECTION 3, TOWNSHIP 88 NORTH, RANGE 2 EAST OF THE 5TH P.M. AND THE
CENTERLINE OF THE RIGHT OF WAY OF NORTH CASCADE ROAD, THENCE WESTERLY
AND SOUTHWESTERLY ALONG SAID RIGHT OF WAY CENTERLINE APPROXIMATELY
7,190 LINEAL FEET TO THE INTERSECTION WITH THE NORTH LINE OF LOT 2-1 OF THE
NORTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 4, TOWNSHIP 88
NORTH RANGE 2 EAST OF THE 5TH P.M. AND ITS WESTERLY EXTENSION AND THE
POINT OF TERMINATION.
EXCEPTING THEREFROM ANY PORTION LYING WITHIN TIMBER-HYRST ESTATES NO. 4
SUBDIVISION AND EXCEPTING THEREFROM ANY PORTION LYING NORTH OF THE
NORTH LINE OF THE NORTHWEST QUARTER OF SAID SECTION 3 AND EXCEPTING
THEREFROM ANY PORTION LYING SOUTH OF THE NORTH LINE OF SAID LOT 2-1 AND
ITS WESTERLY EXTENSION.
2
s
s F NORTH .0 SC�►DE R6Ab
North Cascade Road Urban Renewal District afi F° R O -�
Dubuque City Limits y ♦r'D° "� M
CountyAgricultural = ss9a R.E W�4U DISTRIC 1
County Commercial I 4 .N�P-
County R-1 Residential `^ E NT E _ ZON I Ns
County R-2 Residential
Agricultural(AG) ,( -
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City of Dubuque
Housing TIF Summary - TimberHyrst
TIF Revenue
TimberHyrst TimberHyrst Total
FY Low Income Public Imp. TIF
2016 $ 38,246 $ 62,136 $ 100,382
2017 $ 160,503 $ 260,764 $ 421,266
2018 $ 281,776 $ 457,793 $ 739,569
2019 $ 388,047 $ 630,450 $ 1,018,497
2020 $ 452,782 $ 735,623 $ 1,188,405
2021 $ 516,252 $ 838,740 $ 1,354,993
2022 $ 584,416 $ 949,485 $ 1,533,901
2023 $ 648,105 $ 1,052,958 $ 1,701,063
2024 $ 680,757 $ 1,106,006 $ 1,786,763.26
2025 $ 574,844 $ 933,934 $ 1,508,777.56
TIF Revenue $ 4,325,728 $ 7,027,889 $ 11,353,618
TIF Funds Committed $ 4,325,728 $ 7,027,889
Uncommitted TIF Funds $ 0 $ 0
Subdivision Improvements
Fiber Conduit & Vaults $ 111,111
Stormwater Over Detention $ 50,000
Enhanced Park $ 150,000
Total Subdivision Improvements $ 311,111
Public Improvements on N. Cascade Rd.
Water Main - Timber Hyrst of Curve #2 $ 143,000
Roadway Improve - Timber Hyrst to Curve #2 $ 639,000
Water Main - Curve #2 to Edval $ 110,000
Roadway Improve - Curve #2 to Edval $ 647,000
Water Main - Edval to Zoo $ 375,000
Roadway Improve - Edval to Zoo $ 2,200,000
Water Main - SW Arterial/Walser Lane $ 447,000
Bond Interest Expense $ 2,155,778
Total Public Improvements TIF Financed $ 6,716,778
Total Improvements $ 7,027,889
Surplus (Deficit) $ 0
MINUTES
CONSULTATION WITH AFFECTED TAXING BODIES for the following URBAN
RENEWAL PLAN:
• North Cascade Road Housing Urban Renewal Area
Tuesday, October 28, 2014 at 4:30 p.m.
City Hall, Conference Room B, Second Floor
50 W. 13th Street
Dubuque, Iowa 52001
Tax Entity Consultation for the North Cascade Road Housing Urban Renewal Area
Meeting commenced at 4:30 p.m.
No representatives from Dubuque County, Northeast Iowa Community College, or the Dubuque
Community School District elected to attend the meeting. Meeting was adjourned 4:50 p.m.
Maurice Jones
Economic Development Director, City of Dubuque
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: November 21, 2014, and for which the charge is $27.84.
Subscribed to before me,,t Notary Publip in and for Dubuque County, Iowa,
this W day of er-x."-osetaxi , 20 .4z-
Notary Public in and for Dubuque County, Iowa,
MARY KAVESTERMEYER
Commission Number 154885
My Comm, Exp. FEB. 1, 2017
---
CITY OF DUBUQUE,
IOWA
OFFICIAL NOTICE
NOTICE is hereby
given that the Dubuque
City Council will
conduct a public
' hearing on December
1, 2014, at 6:30 p.m., in
the second -floor cham-
bers of the Historic
Federal Building, 350
W. 6th Street, to
consider a Resolution
of -Necessity finding
that a Housing Urban
Renewal Area for the
Northi!1 Cascade Road
Area i necessary and
in the interest of the
residents of the City of
Dubuque, Iowa,
The City of Dubuque
believes that theNoith,,
Cascade Road Housing
Urban Renewal Area I
("Plan" or "Urban
Renewal Plan") is
being 'developed to I
help local officials
Promote ,, economic
' development in the
City , of Dubuque
("City"). The primary
goal of the plan is to
stimulate, through
public involvement and
commitment, private
investment in new
housing and residential
development as de-
fined by the Iowa Code -1
Section 403.17(12).
The North Cascade
Road Housing Urban I
Renewal Area is
identified generally as
legally described lots
in the Timber-l-lyrst
Estates Subdivision
and all adjourning
public right-of-way, all
in the City of Dubuque,
Dubuque County, Iowa.
A copy of the North.
Cascade Road Housing
Urban Renewal Area
Plan is on file in the I
City Clerk's Office and
may be viewed during
normal working hours.
At said time and place
of public -hearing all
interested citizens and
parties will be given an
opportunity to be
heard for or against
said proposal.
Written comments
regarding above pro-
posal may be
submitted to the City
Clerk's Office on or
before said time of
public hearing at 50 W.
13th Street, Dubuque,
IA 52001 or ctyclerk@
cityofdubuque.org
• Any visual or hearing
impaired persons
needing special assist!
ance or persons with
special accessibility
needs should contact
the City Clerk's Office'
at (563) 589-4100 or
TDD (56) 556-9948 at
least 48 hours prior to
the meeting.
Published by order of
the City Council given
on the 20th day of
October, 2014.
Kevin S. Firnstahl,
CMC, City Clerk
it 11/21