Code of Ordinance Amendment - Tax Increment Finance (TIF) Copyright 2014
City of Dubuque Action Items # 5.
ITEM TITLE: Code of Ordinance Amendment - Tax Increment Finance (TIF)
District North Cascade Road Housing Urban Renewal Area
SUMMARY: City Manager recommending approval of an ordinance amending the Tax
Increment Financing District for the North Cascade Road Housing Urban
Renewal Area.
ORDINANCE Providing that general property taxes levied and collected
each year on all property located within the North Cascade Road Housing
Urban Renewal Area, 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
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Motion B; Motion A
ATTACHMENTS:
Description Type
❑ North Cascade Road Housing Urban Renewal TIF-MVM Memo City Manager Memo
❑ Staff Memo Staff Memo
❑ TIF Ordinance-North Cascade Road Ordinance
❑ UR Plan-North Cascade Road Supporting Documentation
❑ Attachment A-UR Plan map Supporting Documentation
❑ Attachment B-1 -Existing 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
❑ LRPC memo to Council Supporting Documentation
❑ Suggested_Motion Supporting Documentation
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: Tax Increment Ordinance for the North Cascade Road Housing Urban
Renewal Area
DATE: November 25, 2014
Economic Development Director Maurice Jones recommends the City Council approve
an ordinance amending the tax increment financing district for the North Cascade Road
Housing Urban Renewal Area. Adoption of the tax increment ordinance is needed to
establish the use of tax increment financing in the district.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Micliael 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
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: Tax Increment Ordinance for the North Cascade Road Housing Urban
Renewal Area
DATE: November 24, 2014
INTRODUCTION
This memorandum transmits for City Council review and adoption an ordinance
amending the tax increment financing district for the North Cascade Road Housing
Urban Renewal Area. 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 allow both public and
private development efforts to benefit from the flexibility in the use of tax increment
financing in the district.
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.
Adoption of the proposed tax increment ordinance is needed to establish the use of tax
increment financing in 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 the district. All taxable property located in the district 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. A portion of the funding will also be used to assist with LMI family
housing anywhere within the City.
Adoption of the ordinance will establish base valuations in the district as of January 1 ,
2013, being the first day of the calendar year preceding the effective date of this
Ordinance.
RECOMMENDATION/ ACTION STEP
I recommend that the City Council approve the ordinance attached hereto for the North
Cascade Road Housing Urban Renewal Area. Tax increment financing is an important
tool for economic development and will be used to assist future public and private
development efforts in the North Cascade Road area.
Attachment
ORDINANCE NO. 67-14
AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND
COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE NORTH
CASCADE ROAD HOUSING URBAN RENEWAL AREA, 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. 363 -14 passed and
approved on the 1st day of December, 2014, adopted an Urban Renewal Plan (the
"Urban Renewal Plan") for an urban renewal area known as the North Cascade Road
Housing Urban Renewal Area (the "Urban Renewal Project Area"); 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 the future needs for
redevelopment within the Urban Renewal Project Area are such as to require the
application of the incremental tax resources of the Urban Renewal Project Area; and
Whereas, the City Council of the City of Dubuque, Iowa desires to provide for 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 Urban Renewal Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. For purposes of this Ordinance, the following terms have the following
meanings:
(a) UrbanRenewalProjectArea shall include that area described as follows:
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.
AND
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'/ 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.
AND
LOTS 1 THRU 24 INCLUSIVE, AND LOTS 32 THRU 34 INCLUSIVE, IN TIMBER-
HYRST ESTATES NO. 3, AND;
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.
AND
ALL OF TIMBER-HYRST ESTATES NO. 4 SUBDIVISION, AND;
ALL ADJOINING PUBLIC RIGHT OF WAY, ALL IN THE CITY OF DUBUQUE,
DUBUQUE COUNTY, IOWA.
AND
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
RM. 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.
(b) Urban Renewal Plan shall mean the Urban Renewal Pian for the North
Cascade Road Housing Urban Renewal Area, approved by Resolution No. 363-
14 on December 1, 2014, as the same may be amended from time to time.
Section2. That the taxes levied on the taxable property in the Urban Renewal
Project Area, legally described in Section 1 hereof, 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.
Section3. 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 the Urban Renewal Project Area, as
shown on the assessment roll as of January 1, 2013, being January 1 of the calendar
year preceding the first calendar year in which the City of Dubuque is expected to certify
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. The taxes so determined
shall be referred to herein as the "base period taxes" for such Urban Renewal Project
Area.
Section 4. That portion of the taxes each year in excess of the base period taxes
determined for the Urban Renewal Project Area 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 (i) taxes for the regular and voter -approved physical plant and
equipment levy of a school district imposed pursuant to Iowa Code Section 298.2 and
taxes for the instructional support program of a school district imposed pursuant to Iowa
Code Section 257.19 (but in each case only to the extent required under Iowa Code
Section 403.19(2)); (ii) taxes for the payment of bonds and interest of each taxing
district; (iii) taxes imposed under Iowa Code Section 346.27(22) related to joint county -
city buildings; and (iv) any other exceptions 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
the Urban Renewal Project Area exceeds the total assessed value of the taxable
property in the Urban Renewal Project Area as shown by the assessment rolls referred
to in Section 3 of this Ordinance, all of the taxes levied and collected upon the taxable
property in 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 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 division of taxes from taxable property in
the Urban Renewal Project Area under the provisions of Section 403.19 of the Code of
Iowa. 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 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 1st day of December, 2014.
ATTEST:
Trish L. Gleason, Assistant City Clerk
Read first time:
Read second time:
Read third time:
PASSED AND APPROVED:
PUBLISHED:
Mayor Pro Tem
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: December 05, 2014, and for which the charge is $111.40.
uoce4.44, e
Subscribed to before me, a Notary Public i and for Dubuque County, Iowa,
this 80 day of � , 20/S- .
Notary Public in and for Dubuque County, Iowa.
MARY K, WESTERMEYER
CommIsslon Number 154885
My Comm. Exp. FEB. 1, 2017
•
COUNTY IOWA r' and after`the'effectiVe (1i-1(19r the provisions of 1
AND date of.:this Ordlnahee Section 403.19 ofthe ;l
LOTS 2 THRU 25 shall,, be.•dvided as Code; of Iowa.., In the.
' INCLUSIVE _AND`:LOTS - hereinafter. In this 'evenf• that `,any pro
i 45 THRU 50 INCLUSIVE ,Ordinance "p.rovided vision of ,;this Ordi-
;FIN; TIMBER; .HYRST .. ect.on ;3 That malice • shall be
ESTATES N0, 2, AND portion of the taxes determined `to be
LOT \.TIMBER-HYRST "which .Would.•'' be .contrary to law itshall
PLACE #2, AND;, produced by the rate at not affect other ,
• LOT' 1 TENTINGER which the;tax Is levied pCovisions or. appli
PLACE,'AND each year by•. or' for cation of `this Ordi-
LOT; 2 TENTINGERf. -.each of the ,taxing Nance which shall at all
PLACEAND districts upon the total times be construed to
LOT 2'`NINE H HIDDEN "sum 'of the assessed .fuhy Invoke'the",pro
ACRES;AND value of the .taxable visions of °" Section•
JOT 41, TIMBER- property in the Urban 403;1,9 of the ,Code of
HYRST': ESTATES #2 Renewal• Project Area lowa'with reference to
AND, .-` as shown on the the Urban Renewal
LOT: 2, DOUBLE ti ,assessment roll as oft> S Protect Area and the,:
HIDDEN'ACRES PLAT 2, January 1,, 2013 being territory contained,
AND; January ' 1 of 'the `therein
LOT;2 •OF. NINE, H •calendar •year pieced Section 8 •This Ordi•
I- IDDEN. ACRES PLAT 2, Ing the, first .calendar riance shall,be in effect
AND; year in which the .City after jts final passage,
( LOT 2lNINE• H HIDDEN . '.of Dubuque is expected'• approval and pupil .;
ACRES PLAT A. AND, to certify: to the County , cattion as provided• by
LOT 2 NINE H'HIDDEN 'Auditor the amount' of • law, ,
ACRES.PLAT 5, AND,`- loans advances indebt Passed'and approved
LOT 2;NINE H'-HIDDEN .edness :, or bonds th)s, , 1st day oft
ACRES'PLAT 4, AND, ', payable : frorrl .the December, 2014
I OT.35 TIMBER _HYRST division
of, propay tax /s/Roy D. Buol Mayor' I
ESTATES #2,•AND , revenue, ,; described "Attest /s/Trish L
LOT 34 TIMBER herein,'",shall be Gleason
HYRST' ESTATES #2 ajlocated to and When `Assistant City Clerk
AND L colldcted `be tpaid 'into published officially in <.
LO.T 33 TIMBER the fund for the the; Telegraph Herald
FTYRST' ESTATES #2, respective. taxing 'dis newspaper on the 5th ,
} AND,S• frlet as taws by'or for day of December 2014.
LOT '2 TIMBER HYRST ,the;taxing, dlstrictanto - s/Trlsh i Gleason,_
PLACE, AND which y. all other , Assistant City Clerk,
t LOT!\ TIMBER=HYRST properttaxes ':are 1t ,12/5
PLACE,AND, '- - _
:paid .The ,,taxes :_ so• -
LOT 29 TIMBER determined shall : be
HYRST ESTATES #2, referred to herein'as!
AND and base period'.
LOT.2 NINE H,HIpDEN taxes ,for such.Urban,
ACRES PLAT#3;AND, Renewal'Pio)ectAfea
LOT 1 TiMBER HYRST •' Secstion 4 That
PLACE #3 AND,. portlort of the it0xes;
LOT; C TIMBER-HYRST each year: in eXpess:of
ESTATES #2, AND + the base'=period (04
LCT\ OFTHE•NE'/a OF ;determined +for,
THE SW 1/a SECTION 2 .• `Urbap Renewal Project,,
PIJB (CATION ` T88N 'R2E AND;' , Area as:; provided In`r
6 . LOT :3 OF KNEPPER;'r Section 3 of "this,
ORDIt1 NCE NO 67, 14 • ADDITION, AND; Ordinance shall be..
AN ORDINANpE, ALL, : ADJOINING 'allocated to and when
• PROVIDING .. ' THAT PUBLIC RIGHT, QF•WAY, ; collected„be paidinto a:
EN,•ER'AL.--PROPERTY. ALL•IN THE” CITY OF .special Stat increment.;
TAXESLEVIED AND pUBUQUE DUBUQUE :fund of:,the ,City., ,of
COLLECTED EACH COUNTY, IOWA; Dubuque Iowa hereby
YEAR ON `..ALL Abp established to pay. the
PROPERTY HE , LOCATED INCIE SIVE`AND:'
LOTS Int s} l' I soh f , , -hod'
WITHIN TNORTH
,CASCADE - ROAD 32{THRU 34INCLlJSIVE monies 'advanced to;:
HOUSING URBAN i IN ra TIMBER HYRST , indebtedness, Whether"
i RENEWAL "AREA, IN ESTTESANO 3 ;AND, funded refunded
itTFIE CI Y y'FOF LOT<i TIMBER HYRST assumed=or otherwise,'
,,flu VQUE,;: CO•including bonds: or
Of DUBUQUE STATE LOTT 2 TIMBER HYRST': obligations , issued'
OF IOWA, ;BY AND PLACE #6 AND; under the authority of
FOR THE BENEFITfOF LOT 1 TIMBER HYRST Segtion 4039 or„40312
THE STATE OF IOWA,a PLACE #4 AND; of the Code of Iowa, as
GIGY OF DUBUQUE, I0T.l71MBER HYRST ' amended incurred by:
COUNTY _OF DUBU pL'AGE#5 AND; the City ofYD'tii�ugUe;
QUE, DuBuQUE COMA LOT 2 TIMBER HYJ2ST `. Iowa, for finance or.
tMUNITY SCHOOL DIS PLACE #5, ANDA refinance in, Whole or
TRICT HAND, �37HER a ;BALL •ADJOINING in part;;urban Pendwal
TAXING :DISTRICTS, pUBLIG RJGHT;0F WAY, •;projects,, undertak?m
BE 'PAID; �O ''A ALL/ IN THE •,CITY ,QF within, ther: Urban,
SPECIAL FUND FOR DUBUQUE DUBUQUE ' Renewal Project Area
PAy \.ENT`-.OF PRINK, COUNTY'IOWA: ' pursuant to the; Urban
CIPAL AND INTEREST AjID , Renewal: Plajt except+
ON' LOANS, jMONjES ':ALL OF• TIMBER that U)` taxes for the'
ADVANCED ,TO PND HYRST+ESTATES NOf4 `regular and Voter`
• INDEBTEDNESS, - .,IN SUBDIVI ION, AND; ” approved physical
BO
ELUDING NDS ALLADJOININGlant ,and equipp.pient,`
_ISSUED OR TO .BE pUBLIU RIGT;OF WAY, levy of a sohool'district'.
ISSUED, ' INCURRED( A!L� IN+ T Ea CITU .OF imposed.,pgrsUant to,y
D SAID _ CITY , IN DU)}UQUEf . DUBUQUE; Iowa \ Code Section
CONNECTION WITH COUNTY IOWA 298 2 and taxes for the
SAiptURBAH RENEW' ;7 r ANDS:1it 3,i in§tructibnal '?support;
AL REDfVJELOPI4IENT PARTS OF SECTIONS 3 program of a: school;
PROJECT.' t*i AI1D 4 IN TOWNSHIP 88 , district 'imposed Pur-`
WHEREAS the CityNORTH RANGE 2 EAST • scant: to lowa'!Code`
CouneiJ 4of the City: of OF .THE TH P M., Section ;25719 (but+,in
pubudue, Iowa, after DUBUQUE ` COUNTY, -046h:teed, only to, the
ppublic notice and IOWA BEINGrA STRIP extentvrequired under
-hearing,.as presctitietl OF 300' FEET IN" Iowa, •-Code 1kSection
by`law.and pursuantto' WIDTH LY(LAND• iNG;150' ON 403.19(2))(il)'takes for
;:;Resolution No: 363-14 EACH ` SIDE^Y" OF THE 'tile payrTient'of- :bonds'
Ipassed and r approved FOLLOWING, � DES= and ' interest of each
on 'the . 1st day of CRIBED CENTERLINE . `` . taxing district; • (iii)
December; 2014, adop ' } BEGINNING; AT THE taxes 'imposed under
:ted an Urban Ren0W4l INTERSECTION OF'THE Iowa.. Code Section
• Plan (the "Urban ;.EAST LINE., OE'THE 346 27(22) .related .to
ReneWal Plan') for an NQRTHWEST. QUARTER ,.joint county city
;urtarj, renewal, • area • OF, SECTION+_3,.TOWN- ;bull dings; and (iv) arty'
known
as.!the North' ; SFIIP 88-NORTH, RANGE other exceptions des-
m ee a,� az.l - r ��� �l , I n aA V� ot.X1
WHEREAS e. R o ,, RO D r a iRe a P o
tures and indebtedness ,THENCE WESTERLY ' ; Area k without t -,anil
are anticipated to Pe AND, SOUTHWESTERLY , ijmitatlorj as herein
incurred by; the CitY. of ALONG SAID ;R.I T OF above provided , ,
Dubvgge,: Iowa in the . WAY"•CENTERLINE EAP= - Section 6 Unless'or I
future to. flnance•urban ; PROXIMATELY 7,190 until the•total asgessed• •{
renewal project ac$iy LINEAL ,FEET ,TO THE .'valuation bf the11
ities.•carried out ; m INTERSECTION` ' WITH taxable property",11 the,
furtherance of :the , •THEE;NORTH `--LINE OF • Urban Renewal Project i,
objectives ofthe Urban LOT, -3,1` ;OF ,.T,HE Area exceeds the:. total
•Renewal Plaji and•,the NORTHEAST QUARTER assessed value of.'th'e,
future needs c, for OF?`THE SOUTHWEST taxable; property. in the I
redevelopment W)thln QUARTER OF,;SECTION Urban RefieWal,Rroject;:.
the Urban ReneWa( 4, TOWNSHIP 88 Area as;shown by the,
f3rojeet Areaj are such NORTH RANGE 2: EAST assessment rolls refer=
as to require the • Of .THE 5TH P Mi; AND red to anSections 3 of
'appfieation of ;the ITSWESTERLY ERTEN- this. Ordinance, ,all of,
,,'Incremental talc ' re ;.,SIGN -AND" THE POINT the-"i taxes levled i and
sources•,of. the• Urban •OFTERMINATION collected upon ,the
- ReneWal._'Project • Area, r EXCEPTING , THERE-taxable':property In the,
and FROM ANY PORTION', lrbap•ReneWal project
WHEREAS, the City LYING WITHIN_ TIMBER Area Shall be •paid' Into
Council, of the Cjty of; =HYRST ESTATES NO. 4 the•°'fund. for . the.,
Dubuque,:= Iowa desires . • SUBDIVISION AND respective taxing ills-
to ; provide for, the EXCEPTING THERE- •tricts as taxes by or for
• division ; of revenueFROM, ANY PORTION: said .taxing districts in;.
from taxation in' the LYING-NORTH OF THE the same manner as all
'.Urban Renewal•Project.;NORTH::•LINE • OF ''.THE'otherproperty'taxes.
•
'
Area,' as above NORTHWEST' QUARTER Section 6t Ai `such;
described in 'accor OF; SAIDj-`SECTION.,;3 time as,the ; loans,
''dance `: with"" . 'the.' ANDEXCEPTINGTHERE advances indebted
prov siOnS of Section FROM' ANY `POR-.TION nesse bonds'' rand-
: 403.19 of the code,Of LYING.SQUTH OF THE Interest thereon: Of the <.
Iowa, as amended; and NORTH'LINE,OF SAID Oity 6f pubuque, Iowa-,
the Urban ; Renewal . LOT 1� •2 . AND ' ITSreferred to in Section 4
Plan. •:WESTERLY EXTENSION. hereof have been paid,,]
NOW, THEREFORE, BE (b) urban •Renewal all monies thereafter.
IT ORDAINED • BY. THE plan shall mean the received from taxes
CITY COUNCIL OF, THE Urban ReneWal Plan' for upon the ..taxable
QITY j QF DUBUQUE r ert n the` Utba
the , Nor{h Cascade• property op , Y l
IOWA Road Housing Urban Renewal Project Area
Section 1, ,For, ReneWai .Area . ap shall.be pall Into the
i puj'poses of this ,•`. proved by'; Resolution funds for -;the';
l Ordinance the'foilow No '303-14 'on the 1st respective taxing dis
F Ing ',terms the have; day•of Decemberi'2014 tricts' m the same
fol!o fii l0 meanings.,:as,the, same may be manner •as taxes on all ,I
(a)yurban ,1390`144-1V-.amended from time to other. property. ,N
Prolfct Area shall In time '7 ( Section 7 All ordi
.:611.1041•„":'Ithat ,,..:are Section ;2 That the fiances or parts of
described as folie s taxes levied on the ordinances in,: conflict ,i
LOTS 1:'THRU 12 taxabte"prgperty inthe 'With'_the provisions of'�
INCLUSIVE AND; I OTS r, Urban' Renewal Trojett this": Ordinance ; are
15 THRU 30 INCLUSIE, Area,+legally described hereby repealed The
AND LOTS B C, AND E, in Section 1 hereof,• by provisions. of this
IN TIMBER HYRST• ES- and for the benefit-of Ordinance are intend-
TATES,GAND; 'the State of Iova,,City ed ;-, and shall be i
LOT.,TIMBER-YRST of Dubuque,' County of . construed so as to fully I
PLACE#2, AND;' ."Dubuque,: - , Dubuque • implement the division SI
ALL ADJOINING • .Community Scheoj'Dig of taxes• from taxable 1
PUBLIC RIGHT OF WAY, trict;
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
- 2 -
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.
- 3 -
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:
- 4 -
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.
- 7 -
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
- 8 -
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.
- 9 -
h ., F° I CASCADE ROAD fIOUSIN:G
GUSH
aU BJ A°1I RE N EW.#kL AREA,
`+ c 'DT. ATTACM E NT A'
<
=NIEt
z n9
.�->OBARBARALEE"OR
KELLY LN
DR .'��L • ,
o R.;
¢. O� O
O
T
u
L
,WOOD
� I
96,
M
y\�� y\�gRTERIgL�PgEL/M/NgRY/ `.; tVj
a4Jdrl,
It i.
I
— — J
OREGON ST
Z
Dubuque City Limits w 4q-
North Cascade Road Housing Urban Renewal Area r
NQ$TH
NORTHXASC AD URBANRENEWAL AREA
ENGLISH C�`r $ .i�q`- "
/ a
ATTAC TB ZHE)(]SilNG SAND USE
°o,�o�
oy c
=NIEt �
p < nq
°1BARBARALEE'DR
KELLY LN
qNN DR '�a•�.� ��
R
/ CL`
KWOOD DR
North Cascade Rd Urban Renewal District + Agriculture -.. ku�
Tq Oq
Dubuque City Limits + Commerci
County Agricultural + Office
OREGON ST
County Commercial + Open Space ,
4q-
County Residential R-1 + Single Family �
County Residential R-2 + Vacant
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) ,( -
Mod.Density Multi-Family Reside ntial_(R-3) OIEr' < A l
BARBARALEEDR
Neighborhood Shopping Center(C-2) Z' 9¢zal KELLY LN
Neighborhood Shopping Center w/conditions(C-2c) y o m - '9NN DR �,�•„ -
Planned Residential)PR) �'-
o �
Single-Family Residential(R-1) Z4'' O ) o
MryF ..
Two-Family Residential(R-2)
oQo s2N � Ma�B�`�o^
NORZN� - NSON�r )
0
v
r --
z r
`n
NNOOD OR
ARTERIAL _ A -- -
IPREL�M�NARY/ '.4,
�
"u OREGON ST
Z
w o�
fi
�r
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
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:
Chairpers n, Board of Supervisors
ATTEST:
By:
Mona Manternach, Deputy County Auditor
STATE OF IOWA )
ss
COUNTY OF DUBUQUE )
On this Oday of � '-, , 2014, before me a Notary Public in and for the
State of Iowa, personally appeared &&�® J77W- --v,,-,4 to
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.
Notary Public in and for�J9914b z.-
County, Iowa °
FFI �,o �� MARY ANN SF'G�H�T
Commission Number 153583
My Comm. Exp./�^/
CITY OF DUBUQUE, IOW
By:
Roy D. Buol, Mayor
ATTEST:
By:
Kevin S. Firnstahl, City Clerk
STATE OF IOWA
ss
COUNTY OF DUBUQUE )
On this _ day of , 2014, before me a Notary Public in and for said
County, personally appeared and to 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.
Notary Public in and for
County, Iowa
f1�4° �C����1
�i F� '.c��i� � �1�I�pP
fuhu� l'� i'il! ��I �1B
�r�� ���: ��h� -
r'ia��'.' r'i ����rlm ��i�lu'4�'
n � N�"ilff
���� �Y� �bl�
N��mh2i14�T�11
f��m�N2 ��ia�d ��u�d
���huque
�Cuq�JN�I
� Ci�� d�E�tlhC�� P�adI�� V� ���sIN� P��
���aa�d ��u�al�km��
Idi�u��
f��� Ra�geP�hgR@�soryC��o� has ����Ihep ��o� ��E
N�h��deP�iNous�gV�� P��Ia� P�
p's�uim
�au�cef��mG�i2bp�� G�oii��i�� tl�l� �� �i162a� u��
��I� �hI��I��sI�C'�d�ud�uelo ��u�� '���� ���ue �
mp��me�s �� ��0��d � �eilo��ee��mcd�� �a��s �
����Ih��Eq��di�lkp�� �itl��i�pm2� �ai�d2��ldl��l�lh2
fim� N�f9���s�,�i�lasi�r��i �o�gN�h�s�deR� NE
��� ��I� addtl��tl����p�e� �l����ui���l��m�lfi��a�g ��ll��d
lo �� ��a�dmoder� h��el����shl���i�iu�
f�C�mm �i��� �u� a�dd'�� �e� d� '���f�'�loi
�I�a��du�impmi�� o�16EoItl��muiN �EC��� dl��
ho���E���d��bsupp�tl�ep�a� ��'� afl�d�����del��
hou����i�u��� �uhuquE � � � ����ilhel�lem�ol
������ ��hlhe ��he��� P�'sg�� a�d ���
P�mm���h'm
�a�io��4�u,tl��mm���mme�dstl�a�'�oII� No�f�de �'
N�s� V����I�aP���� 's� � ��hlhe1011 � �mp���
P�
! �';I ��
� �
�h� P�g�i, ���
Io�g ���i��Wi� �mm
� ��u����� fcC�� l �'�d�i
��� F��� n�,�� i���U �,��� i����
I move to receive and file the communications and further move that the requirement
that a proposed Ordinance be considered and voted on for passage at two Council
meetings prior to the meeting at which is to be finally passed be suspended. (Motion B)
Vote — Then
I move final consideration and passage of the Ordinance. (Motion A)
If Motion B does not pass:
I move to receive and file the communications and I move first (second or third)
consideration of the Ordinance. (Motion A)