Dubuque Industrial Center Economic Development District - Urban Renewal Amendment Copyright 2014
City of Dubuque Public Hearings # 1.
ITEM TITLE: Dubuque Industrial Center Economic Development District - Urban
Renewal Plan Amendment
SUMMARY: Proof of publication on notice of public hearing to consider approval of an
amended and restated Urban Renewal Plan for the Dubuque Industrial
Center Economic Development District and the City Manager
recommending approval.
RESOLUTION Approving the Amended and Restated Urban Renewal
Plan for the Dubuque Industrial Center Economic Development District
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s)
ATTACHMENTS:
Description Type
❑ Amended and Restated Urban Renewal Plan for Dubuque Industrial City Manager Memo
Center-MVM Memo
❑ Staff Memo Staff Memo
❑ UR Plan-DICW 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
❑ Consultation Minutes Supporting Documentation
❑ LRP Commission Memo to Council Supporting Documentation
❑ Resolution of Adoption Resolutions
❑ Proof of Publication for Notice of Hearing 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: Amended and Restated Urban Renewal Plan for Dubuque Industrial
Center Economic Development District
DATE: September 2, 2015
Economic Development Director Maurice Jones recommends City Council approval of
the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center
Economic Development District. The amendment would expand the District to include
an area known as the McFadden Farm and referred to as the new Subarea G.
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
Dubuque Economic Development Department
THE CITY OF 50 West 13th Street
All-AmericaCitY Dubuque,Iowa 52001-4864
DUB36kE1 ' 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: Amended and Restated Urban Renewal Plan for Dubuque Industrial
Center Economic Development District
DATE: August 24, 2015
INTRODUCTION
The purpose of this memorandum is to forward for City Council review and approval the
Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center
Economic Development District. The proposed amendment will comply with the
provisions of House File 2460, adopted by the Iowa legislature in 2012, requiring urban
renewal plans be amended or modified to reflect any active urban renewal project.
The proposed amendment of this district would expand the District to include an area
known as the McFadden Farm and referred to as the new Subarea G.
BACKGROUND
The Dubuque Industrial Center Economic Development District was created on May 2,
1988. The District is 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. The original area included the Dubuque Industrial
Center (known as Subarea A) and has been expanded several times over the past
several decades to include the Dubuque Industrial Center West, the County Farm, the
Bergfeld Farm, the North Siegert Farm, the Rail Site, the South Siegert Farm, and the
Graf Farm (known as Subareas B, C, D, E, and F, respectively).
On July 20, 2015, a Resolution of Necessity was adopted finding that the area being
considered for urban renewal district designation is an economic development area and
that the development of the area is necessary in the interest of the public welfare of the
residents of the city.
On August 10, 2015, a Consultation was conducted with the affected taxing entities as
required by Chapter 403.5 of the Iowa Code, providing an opportunity to discuss,
question, or object to the findings in these documents. Prior to the meeting, the taxing
entities were mailed copies of the Amended and Restated Urban Renewal Plan and the
Notice of Public Hearing. No representatives were in attendance.
On August 19, 2015, the Plan was reviewed by the Long Range Planning Commission.
The Commission has forwarded its recommendation to the City Council affirming that
the Plan is consistent with the City's Comprehensive Plan for development.
On August 21 , 2015 the public notice of public hearing was published to allow for the
appropriate publication requirements.
DISCUSSION
The proposed expansion and amendment of the Dubuque Industrial Center Economic
Development District would result in the addition of approximately 161 acres of land just
north and northwest of the existing industrial parks. Once developed, this will provide
approximately 116 acres of buildable land, depending on access and grading plans.
The purchase price is $3,470,740 ($17,000 per acre for 124.72 acres, and $37,000 per
acre for 36.50 acres). The estimated site development costs are $7.9 million. The total
costs per developable acre when fully developed is estimated at $120,000. This
compares favorably with the asking price of$120,000 per acre for current industrial park
property. The City expects to issue debt using Dubuque Industrial Center Urban
Renewal District Tax Increment Financing revenues to fund this purchase.
The Dubuque Comprehensive Plan calls for sufficient opportunities for industrial
development sites within the community; promotes the retention and expansion of
existing, and attraction of new, industrial development opportunities in suitable
locations; and encourages annexation of land suitable for industrial usage if necessary.
The Comprehensive Plan also calls for reducing unemployment, achieving economic
stability, and increasing the standard of living for all citizens. In order to reach this goal,
the Comprehensive Plan lists objectives of evaluating potential commercial sites, based
on the city's future land use map.
The City of Dubuque has had tremendous success with economic development
receiving multiple national recognitions for job creation. This is in no small part to the
City's decision in the mid 1990's to acquire and develop over 900 acres of property to
provide a 20-year supply of industrial park land. This proposed expansion of the
Dubuque Industrial Center Economic Development District would further the City's goals
for economic development.
RECOMMENDATION/ ACTION STEP
I recommend that following the public hearing, the attached resolution adopting the
Amended and Restated Urban Renewal Plan be approved to support reinvestment
efforts in the District.
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Doc ID 008313070003 Type GEN
Kind: RESOLUTION
Recorded: 09/11/2015 at 01:34:57 PM
Fee Art: $17.00 Page 1 of 3
Dubuque County Iowa
John Murphy Recorder
File2015-00011785
Prepared By: Jill Connors, ED City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4393
Return To: Kevin Firnstahl, City Clerk City of Dubuque 50 W. 13th St. Dubuque, IA 52001 (563) 589-4121
RESOLUTION NO. 309-15
APPROVING THE AMENDED AND RESTATED URBAN RENEWAL PLAN FOR THE
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT
Whereas, by Resolution 254-15 on July 20, 2015 the City Council of the City of
Dubuque, Iowa authorized the preparation of an Amended and Restated Urban Renewal
Plan for the Dubuque Industrial Center Economic Development District (the "District"); and
Whereas, the Amended and Restated Urban Renewal Plan for the District dated
September 8, 2015 is on file in the City Clerk's Office; and
Whereas, the City of Dubuque's primary objective for the Amended and Restated
Urban Renewal Plan for the District is to provide opportunities which will further economic
development purposes and objectives as described in the Urban Renewal Plan; and
Whereas, the City Council finds that certain areas adjacent to the District as shown
on the Amended and Restated Urban Renewal Plan for the District meet the definition of
an economic development area in Chapter 403 of the Iowa Code and should be included
in the District; and
Whereas, the City Council, in accordance with Chapter403 of the Code of Iowa, has
held a public hearing on the Amended and Restated 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 Amended and Restated Urban Renewal Plan for the Dubuque
Industrial Center Economic Development District is hereby approved.
Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and
directed to file a certified copy of this Resolution in the office of the Dubuque County
Recorder.
Passed, approved and adopted this 8th day of September, 2015.
Attest:
City Clerk
oy D. Buol
Mayor
STATE OF IOWA
CERTIFICATE of the CITY CLERK
) SS:
COUNTY OF DUBUQUE )
I, Kevin S. Firnstahl, do hereby certify that I am the duly appointed, qualified, City Clerk
of the City of Dubuque, Iowa, in the County aforesaid, and as such City Clerk, I have in
my possession or have access to the records of the proceedings of the City Council. I
do further state that the hereto attached Resolution No. 309-15 is a true and correct
copy of the original.
In Testimony Whereof, I hereunto set my hand and official seal of the City of Dubuque,
Iowa.
Dated at Dubuque, Iowa, on this 9th day of September, 2015.
/4411
Kevin . Firnstahl, M ity Clerk
Prepared by: Jill Connors, City of Dubuque,50 W. 13th Street, Dubuque, IA 52001 (563)589-4393
Return to: Kevin S. Firnstahl, City of Dubuque,50 W. 13th Street, Dubuque, IA 52001 (563)589-4121
AMENDED and RESTATED
URBAN RENEWAL PLAN
Dubuque Industrial Center Economic Development District
City of Dubuque, Iowa
This Amended and Restated Urban Renewal Plan provides
for the continued development of the Dubuque Industrial
Center Economic Development District, originally
established by Resolution 130-88 of the City Council of the
City of Dubuque, Iowa on May 2, 1988 and thereafter
amended and restated by Resolution 484-90 on December
17, 1990, Resolution 142-97 on April 7, 1997, Resolution
478-97 on November 17, 1997, Resolution 15-08 on January
7, 2008, Resolution 101-08 on March 17, 2008, Resolution
109-08 on April 7, 2008, Resolution 87-11 on March 7, 2011 ,
Resolution 171-13 on June 3, 2013, Resolution 197-15 on
June 1 , 2015, and Resolution on September 8,
2015.
Prepared by the Economic Development Department.
Version 2015.2
TABLE OF CONTENTS
A. INTRODUCTION..................................................................................................3
B. OBJECTIVES.......................................................................................................3
C. DISTRICT BOUNDARIES....................................................................................4
D. PUBLIC PURPOSE ACTIVITIES.........................................................................5
E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS................................7
F. LAND ACQUISITION AND DISPOSITION ..........................................................8
G. FINANCING ACTIVITIES.....................................................................................9
H. STATE AND LOCAL REQUIREMENTS............................................................ 11
I. DURATION OF APPROVED URBAN RENEWAL PLAN.................................. 11
J. SEVERABILITY ................................................................................................. 12
K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN.............................. 12
L. ATTACHMENTS ................................................................................................ 12
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AMENDED and RESTATED
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT
URBAN RENEWAL PLAN
City of Dubuque, Iowa
A. INTRODUCTION
This AMENDED and RESTATED URBAN RENEWAL PLAN (the "Plan") has been
prepared to provide for the further development and redevelopment of the DUBUQUE
INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT (the "District') first
established by the City of Dubuque on May 2, 1988. Its intent is to stimulate economic
development activities within the expanded District through the commitment of public
actions as specified herein.
To achieve this objective, the City of Dubuque shall undertake the urban renewal
actions specified in this Plan, pursuant to the powers granted to it under Chapter 403 of
the Iowa Code, Urban Renewal Law.
This Plan is an amendment and restatement of the Dubuque Industrial Center
Economic Development District Urban Renewal Plan adopted by Resolution 130-88 of
the City Council of the City of Dubuque, Iowa on May 2, 1988 and subsequently
amended by Resolution 484-90 on December 17, 1990, Resolution 142-97 on April 7,
1997, Resolution 478-97 on November 17, 1997, Resolution 15-08 on January 7, 2008,
Resolution 101-08 on March 17, 2008, Resolution 109-08 on April 7, 2008, Resolution
87-11 on March 7, 2011 , Resolution 171-13 on June 3, 2013, Resolution 197-15 on
June 1 , 2015 and Resolution on September 8, 2015. This Plan shall serve as
a new urban renewal plan for the District described herein.
The division of taxation authorized by Section 403.19 and the separation of incremental
taxes as defined in Section 403.19(2) have been implemented in the existing area of the
District (the different areas of the District are hereinafter referred to as Subareas).
Under the terms of this Amended and Restated Plan, the tax increment mechanism
shall be continued and implemented within a new Subarea being added to the District.
Incremental taxes shall continue to be determined separately with respect to each of the
Subareas comprising the District, and when collected shall be applied, subject to such
liens and priorities as may exist or be from time to time provided, with respect to the
Amended and Restated Dubuque Industrial Center Economic Development District, as
so amended.
B. OBJECTIVES
The primary objectives of the Plan are the development and redevelopment of the
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District for economic development activities, primarily industrial park development,
through:
1 . Provision of marketable industrial development sites for the purpose of
job-creating economic development activities;
2. Provision of public infrastructure improvements, including sanitary sewer,
water and stormwater detention, supportive of full development of the
District;
3. Provision of a safe, efficient and attractive circulation system;
4. Establishment of design standards which will assure cohesive and
compatible development and redevelopment of the District;
5. Provision of public amenities that provide an aesthetically appealing
environment, including open space, buffering, landscaping, water features,
signage and lighting to create a distinctive and attractive setting;
6. Creation of financial incentives necessary to encourage new and existing
businesses to invest in the District; and
7. Expansion of the property tax base of the District.
C. DISTRICT BOUNDARIES
The District is located entirely within the County of Dubuque, State of Iowa. Most of the
District, including all of Subareas A, B, C, D, E, and G currently is within the corporate
limits of the City of Dubuque. In accordance with Iowa Code Section 403.17(4),
Dubuque County consented to the inclusion of Subarea F in the District in a Joint
Agreement between the City and County, dated April 20, 2015. The City expects that
Subarea F ultimately will become part of the City of Dubuque.
The City of Dubuque believes that the objectives of the Plan can best be accomplished
by defining the real property included within the District as seven separate areas so as
to distinguish the original District (Subarea A) from the subsequent expansion areas
(Subareas B, C, D, E, F, and G).
The descriptions of the boundaries of each Subarea are attached to this Plan as
ATTACHMENT D, District Boundary Description by Subarea.
The boundaries of the District are delineated on the Subarea Map, attached to this Plan
as ATTACHMENT A.
The City of Dubuque reserves the right to further modify the boundaries of the District at
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some future date. Any amendments to the Plan will be completed in accordance with
Chapter 403 of the Iowa Code, Urban Renewal Law.
D. PUBLIC PURPOSE ACTIVITIES
To meet the OBJECTIVES of this Plan, the City of Dubuque has and expects to
continue to initiate and support development and redevelopment of the District through,
among other things, the following PUBLIC PURPOSE ACTIVITIES:
1 . Acquisition of property for public improvements and private development;
a.) These activities include, but are not limited to, previously
approved consultant work that will examine and identify future
areas for acquisition and industrial park development.
b.) These activities also include the acquisition of property that is
included in Subarea G and other previously approved Subareas
of this Plan.
2. Demolition and removal of buildings and improvements not compatible
with or necessary for industrial park development and all site preparation
and grading required in connection with such development;
a.) These activities include, but are not limited to, the previously
approved site work and grading associated with the
development of the Dubuque Industrial Center, the Dubuque
Industrial Center West and Dubuque Industrial Center South,
including the new Subarea G.
3. Improvement, installation, construction and reconstruction of streets,
utilities and other improvements and rights-of-ways including but not
limited to the relocation of overhead utility lines, street lights, construction
of railroad spur tracks, appropriate landscaping and buffers, parks and
open space and signage;
a.) These activities include, but are not limited to, the previously
approved development of road, water, wastewater, and storm
water infrastructure associated with the development of the
Dubuque Industrial Center, the Dubuque Industrial Center West
and the Dubuque Industrial Center South.
b.) These activities include, but are not limited to, the previously
approved development of the Bergfeld recreational area, pond,
and walking trail, as well as additional signage and trail
improvements.
c.) These activities also include the construction and installation of
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supporting infrastructure within the new Subarea G.
4. Disposition of any property acquired in the District, including sale, initial
leasing or retention by the City itself, at its fair value;
5. Preparation of property for development and redevelopment purposes
including but not limited to activities such as appraisals and architectural
and engineering studies;
b.) These activities include, but are not limited to, the previously
approved site work and grading associated with the
development of the Dubuque Industrial Center, the Dubuque
Industrial Center West and Dubuque Industrial Center South.
6. Maintenance of publicly utilized recreational and economic development
areas;
a.) These activities include, but are not limited to, general
landscaping and maintenance expenses in public right-of-way
and undeveloped land owned by the City of Dubuque.
7. Use of tax increment financing, loans, grants and other appropriate
financial tools in support of eligible public and private development and
redevelopment efforts;
a) These activities also include, but are not limited to,
previously approved property tax rebate agreements with:
• Leo A. Theisen and Theisen Supply, Inc.;
• A.Y. McDonald Mfg. Co.;
• Green Industrial Supply;
• Walter Development, LLC and TM, Inc.;
• Spiegel Family Realty Company;
• Progressive Processing, LLC;
• ITC Midwest LLC;
• Medline Industries, Inc.;
• Art's-Way Vessels, Inc.;
• Kendall/Hunt Publishing Company, Westmark
Enterprises, Inc. and Great River Technologies, LLC.;
• P&L Venture, LLC, and National Dentex;
• Dubuque Screw Products, Inc.;
• Giese Properties, LLC and Giese Manufacturing
Company, Inc. (Phase I and II);
• Faley Properties, L.L.C. and Faley Enterprises, Inc.
• Malay Holdings, LLC, and Vanguard Countertops, Inc.
• Tri-State Industries
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Tri State Quality Metals, LLC
a.) These activities include, but are not limited to, previously
approved agreements to sell bonds, leveraging tax increment
financing on capital improvement for;
• American Tank and Fabrication, Co. (formerly Vessel
Systems, Inc.) for the development of a 31 ,000 square
feet industrial manufacturing facility at 8025 Chavenelle
Road.
• The Adams Company for the development of a 50,000
square foot industrial facility at 8040 Chavenelle Road.
8. Enforcement of applicable local, state and federal laws, codes and
regulations;
9. Enforcement of established design standards in furtherance of quality
development;
10. Development and implementation of a marketing program for the purpose
of promoting the purchase and development of industrial sites by private
developers;
11 . Coordination and cooperation with the improvement of Seippel Road as it
affects Subarea B's accessibility to U.S. Highway 20.
12. Contracts with vendors to promote business retention, expansion,
recruitment, and workforce development;
a.) These activities include, but are not limited to, a contract for
service with the Greater Dubuque Development Corporation to
promote business retention and expansion, workforce
development, new business recruitment and commercial and
industrial expansion in the District.
Public purpose activities are limited to those areas delineated on the URBAN
RENEWAL DISTRICT map (Attachment A).
All public purpose activities shall be conditioned upon and shall meet the restrictions
and limitations placed upon the District by the Plan.
E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS
The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall apply to
any and all District properties the development and/or the redevelopment of which is
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assisted by the City through any of the PUBLIC PURPOSE ACTIVITIES listed above.
1 . Land Use
Subareas A, B, C, D, E, F, and G shall continue to be developed under the
regulations of the existing Dubuque Industrial Center Planned Industrial District.
The allowed uses provide for a mix of commercial and industrial land use
activities within a quality industrial park setting.
LAND USE maps (Attachments B-1 and B-2) identify the existing and the
proposed land uses within Subareas A, B, C, D, E, F, and G.
2. Planning and Design Criteria
The planning criteria to be used to guide the physical development of Subareas
A, B, C, D, E, F, and G are those standards and guidelines contained within the
City of Dubuque's Unified Development Code and other applicable local, state
and federal codes and ordinances.
a. Subarea A development will continue to be additionally governed by the
Conditions of Development and Operation Documents of the Dubuque
Industrial Center Planned Industrial District as amended from time to time.
b. Subareas B, C, D, E, and F will develop under a PI Planned Industrial
District ordinance as required by Section 16-5-24 of the City of Dubuque's
Unified Development Code. Development will follow the Planned Unit
Development regulations which require a conceptual development plan
and specific design and performance standards to be approved by
ordinance.
C. Subarea G is intended to develop as an Industrial area similar to
Subareas B, C, D, E, and F.
F. LAND ACQUISITION AND DISPOSITION
The City of Dubuque is prepared to acquire and dispose of property in support of the
development and redevelopment of the District within the parameters set forth below.
1 . Land Acquisition
The City expects to acquire all of the land located within Subarea G and to make
the same available for private development in accordance with this Plan.
2. Land Disposition
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All publicly held land that is available for development within the District,
including those parcels included with Subarea G, will be sold for the development
of viable uses consistent with this Plan and not for purposes of speculation.
Land will be disposed of in accordance with the requirements set forth in Chapter
403 of the Iowa Code, Urban Renewal Law. Developers will be selected on the
basis of the quality of their proposals and their ability to carry out such proposals
while complying with the requirements of this Plan.
Developers will be required by contractual agreement to observe the Land Use
Requirements and Planning and Design Criteria of this Plan. The contract and
other disposition documents will set forth the provisions, standards and criteria
for achieving the objectives and requirements outlined in this Plan.
3. Relocation Requirements
No relocation is anticipated at this time.
G. FINANCING ACTIVITIES
To meet the OBJECTIVES of this Plan and to encourage the development of the District
and private investment therein, the City of Dubuque is prepared to provide financial
assistance to qualified industries and businesses through the making of loans or grants
under Chapter 15A of the Iowa Code and through the use of tax increment financing
under Chapter 403 of the Iowa Code.
1 . Chapter 15A Loan or Grant
The City of Dubuque has determined that the making of loans or grants of public
funds to qualified industries and businesses is necessary to aid in the planning,
undertaking and completion of urban renewal projects authorized under this Plan
within the meaning of Section 384.24(3)(q) of the Iowa Code. Accordingly, in
furtherance of the objectives of this Plan, the City of Dubuque may determine to
issue bonds or loan agreements, in reliance upon the authority of Section
384.24A, Section 384.24(3)(q), Section 403.12 (general obligation bonds) or
Section 403.9 (tax increment bonds), for the purpose of making loans or grants of
public funds to qualified businesses located within the District. Alternatively, the
City may determine to use available funds for the making of such loans or grants.
In determining qualifications of recipients and whether to make any such
individual loans or grants, the City of Dubuque shall consider one or more of the
factors set forth in Section 15A.1 of the Iowa Code on a case-by-case basis.
2. Tax Increment Financing
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The City of Dubuque is prepared to utilize tax increment financing as a means of
financing eligible costs incurred to implement the Public Purpose Activities
identified in Part D of this Plan. Bonds, tax rebate agreements and/or loan
agreements may be issued by the City under the authority of Section 403.9 of the
Iowa Code (tax increment bonds) or Section 384.24A, Section 384.24(3)(q) and
Section 403.12 (general obligation bonds).
The City acknowledges that the use of tax increment revenues delays the ability
of other local taxing bodies to realize immediately the direct tax benefits of new
development in the District. The City believes, however, that the use of tax
increment revenues to finance the development of new industrial land and to
promote private investment in the District is necessary in the public interest to
achieve the OBJECTIVES of this Plan. Without the use of this special financing
tool, new investment may not otherwise occur or may occur within another
jurisdiction. If new development does not take place in Dubuque, property values
could stagnate and the City, County and School District may receive less taxes
during the duration of this Plan than they would have if this Plan were not
implemented.
Tax increment financing will provide a long-term payback in overall increased tax
base for the City, County and School District. The initial public investment
required to generate new private investment will ultimately increase the taxable
value of the District well beyond its existing base value.
Tax increment reimbursement may be sought for, among other things, the
following costs to the extent they are incurred by the City:
a. Planning and administration of the Plan;
b. Construction of public infrastructure improvements and facilities within the
District;
C. Acquisition, installation, maintenance and replacement of public
investments throughout the District including but not limited to street lights,
landscaping and buffers, signage and appropriate amenities;
d. Acquisition of land and/or buildings and preparation of same for sale or
lease to private developers, including any "write down" of the sale price of
the land and/or building;
e. Preservation, conservation, development or redevelopment of buildings or
facilities within the District to be sold or leased to qualified businesses;
f. Loans or grants to qualified businesses under Chapter 15A of the Iowa
Code, including tax rebate payments, debt service payments on any
bonds issued to finance such loans or grants, for purposes of expanding
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the business or activity, or other qualifying loan programs established in
support of the Plan; and
g. Providing the matching share for a variety of local, state and federal grants
and loans.
h. Any of the costs incurred in connection with any of the PUBLIC PURPOSE
ACTIVITIES described in Part D of this Plan.
3. Proposed Amount of Indebtedness
At this time, the extent of improvements and new development within the District
is only generally known. As such, the amount and duration for use of the tax
increment revenues for public improvements and/or private development can
only be estimated; however, the actual use and amount of tax increment
revenues to be used by the City for District activities will be determined at the
time specific development is proposed.
It is anticipated that the maximum amount of indebtedness which will qualify for
tax increment revenue reimbursement during the duration of this Plan, including
acquisition, public improvements and private development assistance within the
District, will not exceed $50,000,000.
The City of Dubuque's current general debt subject to the constitutional debt limit is
$171 ,955,634 (a list of the outstanding obligations is found at Attachment C) and the
applicable constitutional debt limit is $196,031 ,074 for the Fiscal Year ending June 30,
2016, which is the fiscal year immediately following the update of this Plan.
H. STATE AND LOCAL REQUIREMENTS
All provisions necessary to conform with state and local laws have been complied with
by the City of Dubuque in the implementation of this Plan and its supporting documents.
I. DURATION OF APPROVED URBAN RENEWAL PLAN
1 . Subarea A
This Plan shall continue in effect for Subarea A until terminated by action of the
City Council, but in no event before the City of Dubuque has received full
reimbursement from all incremental taxes of its advances and principal and
interest payable on all Tax Increment Financing or general obligations issued to
carry out the OBJECTIVES of the Plan.
2. Subareas B, C, D, E, F, and G
This Plan shall continue in effect until terminated by the City Council; provided,
however, that the collection of tax increment revenues from properties located in
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Subareas B, C, D, E, F, and G shall be limited as provided by law (currently
twenty (20) years from the calendar year following the calendar year in which the
City first certifies to the County Auditor the amount of any loans, advances,
indebtedness or bonds which qualify for payment from the division of tax
increment revenue provided for in Section 403.19 (tax increment financing) of the
Iowa Code.)
The DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS established, or as
amended from time to time by the City of Dubuque Zoning Ordinance, shall remain in
effect in perpetuity.
J. SEVERABILITY
In the event one or more provisions contained in this Plan shall be held for any reason
to be invalid, illegal, unauthorized or unenforceable in any respect, such invalidity,
illegality, unauthorization or unenforceability shall not affect any other provision of this
Plan and this Urban Renewal Plan shall be construed and implemented as if such
provision had never been contained herein.
K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN
This Plan may be amended from time to time to respond to development opportunities.
Any such amendment shall conform to the requirements of Chapter 403 of the Iowa
Code. Any change effecting any property or contractual right can be effectuated only in
accordance with applicable state and local law.
L. ATTACHMENTS
A Urban Renewal District Map
B Land Use Maps
B-1 Existing Land Use
B-2 Proposed Land Use
C List of General Obligation Debt
D Legal Descriptions
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City of Dubuque
Summary of Bonded Indebtedness
Date Average Yearof Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6130115 FY 2016 FY 2016 6130116
General Obligation Bonds
(Essential Corporate Purpose)
Stormwater Improvements 0315-03 4.2750% 2023 2,110,000 1,025,000 110,000 45,765 915,000
Stormwater Improvements 04-1305 4.2421% 2024 1,750,000 990,000 90,000 42,582 900,000
DICW Expansion-Non Taxable 04-1305 4.1240% 2021 4,270,000 3,050,000 150,000 126,135 2,900,000
Stormwater Improvements 05-02-06 4.0665% 2025 2,900,000 1,830,000 150,000 74,885 1,680,000
Sewer System Improvements&Ext. 12-01-07 3.6596% 2017 1,055,000 265,000 130,000 9,608 135,000
Stormwater Improvements 11-04-08 4.5702% 2028 3,885,000 2,875,000 170,000 128,902 2,705,000
GDTIF Kephart's Building 11-04-08 4.2334% 2024 377,055 230,090 24,605 9,516 205,485
GDTIF Library Renovation 11-04-08 4.2334% 2024 2,457,945 1,499,910 160,395 62,034 1,339,515
DICW Expansion-Non Taxable 11-04-08 4.2334% 2023 455,000 275,000 30,000 11,375 245,000
DICW Expansion-Taxable 11-04-08 5.5369% 2018 2,465,000 1,205,000 375,000 66,275 830,000
Airport Improvements 11-05-09 3.2913% 2029 230,000 180,000 10,000 8,910 170,000
Fire Truck Replacement 11-05-09 3.2913% 2029 1,410,000 1,115,000 65,000 55,060 1,050,000
Street Fiber Optic Paving 11-05-09 3.2913% 2029 100,000 75,000 5,000 3,685 70,000
Streetlight Replacement 11-05-09 3.2913% 2018 40,000 15,000 5,000 605 10,000
Stormwater Improvements 11-05-09 3.2913% 2029 1,155,000 915,000 50,000 45,190 865,000
Parking Central Ave Parking Ramp 11-05-09 3.2325% 2029 9,310,000 7,365,000 415,000 361,532 6,950,000
DICW North Siegert Improvements 11-05-09 3.2325% 2029 1,865,000 1,480,000 85,000 72,582 1,395,000
America's River Refunding 11-05-09 2.7913% 2021 8,885,000 4,795,000 720,000 191,800 4,075,000
GDTIF Main Street-Refunding 0302-10 2.4203% 2021 705,000 410,000 60,000 10,932 350,000
Airport 0302-10 3.2838% 2030 176,360 147,318 7,729 4,860 139,589
Building Smart Meters for City Buildings 0302-10 3.2838% 2030 62,835 52,488 2,754 1,732 49,734
Park Water System Study 0302-10 3.2838% 2030 83,518 69,766 3,660 2,302 66,106
Refuse 0302-10 3.2838% 2030 69,946 58,427 3,065 1,928 55,362
Stormwater Improvements 0302-10 3.2838% 2030 1,667,481 1,392,890 73,077 45,952 1,319,813
Public Works Equipment Replacement 0302-10 3.2838% 2030 542,488 453,154 23,774 14,950 429,380
Street Improvements 0302-10 3.2838% 2030 270,822 226,223 11,868 7,462 214,355
Sanitary Improvements 0302-10 3.2838% 2030 891,550 744,734 39,072 24,569 705,662
GDTIF Downtown Housing RFP/40 Main 0302-10 4.6650% 2030 2,675,000 2,305,000 100,000 104,028 2,205,000
GDTIF Millwork District Parking 0302-10 3.3265% 2030 2,825,000 2,360,000 120,000 76,000 2,240,000
Street Southwest Arterial 0301-11 3.3045% 2031 1,029,285 900,828 43,903 30,486 856,925
Refuse 0301-11 3.3045% 2031 36,615 32,045 1,562 1,084 30,483
Sanitary Sewer Improvements 0301-11 3.3045% 2031 1,374,068 1,202,581 58,609 40,697 1,143,972
Stormwater Improvements 0301-11 3.3045% 2031 2,287,260 2,001,805 97,561 67,744 1,904,244
Parking Iowa Street Ramp Improvements 0301-11 3.3045% 2031 60,720 53,142 2,590 1,798 50,552
Water System Improvements 0301-11 3.3045% 2031 1,542,052 1,349,599 65,775 45,672 1,283,824
Building 18th Street Improvements 0301-11 3.5863% 2026 620,041 503,050 38,996 17,378 464,054
DICW Expansion-South Siegert Farm 0301-11 3.5863% 2026 378,965 307,463 23,834 10,622 283,629
Parking Port of Dubuque Parking Ramp 0301-11 3.5863% 2026 590,994 479,487 37,169 16,564 442,318
GDTIF Intermodal 03-15-12 2.5444% 2031 4,380,000 3,970,000 210,000 94,912 3,760,000
Stormwater Improvements 03-15-12 2.7031% 2031 1,935,000 1,685,000 90,000 47,544 1,595,000
GDTIF 7th Street/2-Way Conversion 03-15-12 2.7031% 2031 5,560,000 5,040,000 265,000 125,494 4,775,000
GDTIF Washington Neighborhood Business lncenti\ 06-2312 3.1972% 2032 755,000 720,000 35,000 21,505 685,000
Airport Improvements 06-2312 3.1972% 2032 90,000 70,000 10,000 1,485 60,000
Airport Improvements 06-2312 3.1972% 2032 2,145,000 1,960,000 95,000 58,578 1,865,000
DICW Expansion-South Siegert Farm-Taxable 06-2312 3.1972% 2032 3,975,000 3,635,000 175,000 108,660 3,460,000
DICW Expansion-South Siegert Farm-Non-taxable 06-2312 2.7903% 2032 425,000 395,000 20,000 12,162 375,000
Tech South Airport Utility Extension 06-2312 2.7903% 2018 945,000 580,000 185,000 17,400 395,000
Fire Pumper 06-2312 2.7903% 2027 269,800 234,300 17,750 7,029 216,550
Fire Station#4 Improvements 06-2312 2.7903% 2022 65,000 55,000 5,000 1,650 50,000
E911 Tower Relocation 06-2312 2.7903% 2027 235,800 207,000 14,400 6,210 192,600
Park Improvements-15 Year Bonds 06-2312 2.7903% 2027 65,500 57,500 4,000 1,725 53,500
Civic Center Improvements 06-2312 2.7903% 2027 550,200 483,000 33,600 14,490 449,400
Building-Conference Center Improvements 06-2312 2.7903% 2022 60,200 51,600 4,300 1,548 47,300
Recreation Improvements-10 year bonds 06-2312 2.7903% 2022 9,800 8,400 700 252 7,700
Library Improvements 06-2312 2.7903% 2022 65,500 57,500 4,000 1,725 53,500
Building City Hall Brickwork 06-2312 2.7903% 2027 393,000 345,000 24,000 10,350 321,000
FEMA Land Buyout 06-2312 2.7903% 2027 110,200 95,700 7,250 2,871 88,450
Date Average Yearof Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6130115 FY 2016 FY 2016 6130116
General Obligation Bonds
(Essential Corporate Purpose)
Parking Locust Ramp Security Cameras 06-2312 2.7903% 2033 175,000 165,000 5,000 5,063 160,000
Sanitary Sewer Improvements 06-2312 2.7903% 2033 1,560,000 1,430,000 65,000 44,044 1,365,000
Stormwater Improvements 06-2312 2.7903% 2033 405,000 375,000 15,000 11,550 360,000
Water System Improvements 06-2312 2.7903% 2033 1,840,000 1,690,000 80,000 52,050 1,610,000
Water Main and Water Tower-Refunded 12-04-12 3.8187% 2017 3,105,000 400,000 195,000 4,400 205,000
DICW Expansion-Taxable 12-10-12 1.2193% 2016 1,338,062 325,000 325,000 3,250 -
Parking Refinanced Portions 5th/3rd SUTA Ramps 12-10-12 1.2193% 2021 5,541,573 3,503,000 715,000 44,688 2,788,000
Airport Refinanced Portions of T-Hangars 12-10-12 1.2193% 2020 405,365 267,000 50,000 3,506 217,000
DICW Expansion-Consultant 12-10-12 2.5337% 2032 151,462 144,738 7,078 3,452 137,660
Tech South-Granger/Airport Utilities 12-10-12 2.5337% 2018 245,000 180,000 60,000 3,600 120,000
GDTIF 5th St Restroom/MFC/Rail Platform 12-10-12 2.5337% 2032 1,988,538 1,900,262 92,922 45,317 1,807,340
GDTIF MCIC/ADA Assist./Econ.Dev Grants 12-10-12 1.7008% 2032 1,035,000 915,000 125,000 14,559 790,000
Police Software Replacement 12-10-12 2.4872% 2022 355,950 289,800 34,650 5,843 255,150
Park Improvements-10 Year bonds 12-10-12 2.4872% 2022 209,050 170,200 20,350 3,432 149,850
Park Improvements-10 Year bonds 12-10-12 2.4872% 2022 171,808 144,052 19,084 3,466 124,968
Recreation Improvements-10 year bonds 12-10-12 2.4872% 2027 14,924 13,561 937 332 12,624
Library Improvements 12-10-12 2.4872% 2027 173,992 157,401 11,408 3,845 145,993
Street Southwest Arterial 12-10-12 2.4872% 2032 1,280,545 1,162,762 50,318 27,537 1,112,444
Sanitary Forcemain Repair 12-10-12 2.4872% 2032 655,239 597,423 28,908 14,600 568,515
Stormwater 7th Street Stormwater Improvements 12-10-12 2.4872% 2032 134,342 122,488 5,927 2,993 116,561
Water System Improvements 12-10-12 2.4872% 2032 644,151 587,315 28,418 14,353 558,897
Stormwater Sales Tax Revenue -GO 05-1314 3.2309% 2029 7,190,000 7,190,000 - 323,100 7,190,000
GDTIF Tax-Exempt Projects 11-17-14 3.3000% 2034 190,000 190,000 5,904 190,000
Fire Amb/Building HVAC/Bunker Irrigation/Park 11-17-14 3.3000% 2025 715,000 715,000 65,000 14,820 650,000
Airport New Terminal Furnishings-Sales Tax 11-17-14 3.3000% 2026 55,000 55,000 5,000 1,650 50,000
Fire Station#2/Park Improvements 11-17-14 3.3000% 2034 320,000 320,000 15,000 8,976 305,000
Public Works Equipment Replacement 11-17-14 3.3000% 2022 305,000 305,000 40,000 5,200 265,000
Public Works Curbs/Street Construction 11-17-14 3.3000% 2034 1,250,000 1,250,000 55,000 35,427 1,195,000
Police CAD Software-Gaming 15 Year 11-17-14 3.3000% 2030 260,000 260,000 15,000 6,639 245,000
Airport Terminal Utility Improv-PFC 11-17-14 3.3000% 2034 690,000 690,000 30,000 21,956 660,000
Water 20 Year 11-17-14 3.3000% 2034 9,195,000 9,195,000 - 295,131 9,195,000
Sewer 20 Year 11-17-14 3.3000% 2034 5,670,000 5,670,000 - 181,425 5,670,000
Parking 20 Year 11-17-14 3.3000% 2034 185,000 185,000 5,000 5,057 180,000
GDTIF Taxable 11-17-14 3.9900% 2034 5,670,000 5,670,000 - 216,356 5,670,000
DICW Taxable 11-17-14 3.9900% 2034 1,640,000 1,640,000 90,000 54,072 1,550,000
Parking Taxable 11-17-14 3.9900% 2034 305,000 305,000 10,000 10,328 295,000
Dubuque Initiatives Loan Guaranty(Ends 2025) Future 3.5000% 2017 10,000,000 10,000,000 10,000,000
FY15 Planned Projects issued FY16 Future 3.5000% 2035 500,000 17,342 19,098 482,658
FY16 Housing TIF Future 3.5000% 2024 150,000 - 5,515 150,000
Franchise Fee Settlement Judgment Bond Future 3.5000% 2034 2,600,000 - 47,044 84,175 2,600,000
Water Planned Projects 2016 Future 3.5000% 2035 1,500,000 - - 55,151 1,500,000
Sewer Planned Projects 2016 Future 3.5000% 2034 3,100,000 - 56,091 100,362 3,043,909
Sales Tax 20%-10 Year 2016 Future 3.5000% 2024 216,645 - 9,710 6,970 206,935
Sales Tax 20%-20 Year 2016 Future 3.5000% 2035 804,000 - 14,547 26,029 789,453
Sales Tax 30%-20 Year 2016 Future 3.5000% 2035 650,000 - 11,761 20,911 638,239
TIF Planned Projects 2016 Future 4.0000% 2035 250,000 - 4,293 9,192 245,707
Total General Obligation Bonds 159,485,646 122,107,187 7,185,786 4,204,115 124,739,456
Date Average Yearof Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6130115 FY 2016 FY 2016 6130116
Tax Increment
Port of Dubuque Parking Ramp 10-16-07 7.5000% 2037 23,025,000 21,370,000 410,000 1,602,750 20,960,000
Total Taxlncrement Bonds 23,025,000 21,370,000 410,000 1,602,750 20,960,000
Lower Main Development, LLC TIF Note 06-30-04 8.00% 2016 182,000 25,009 25,009 606 -
Theisen Supply,Inc.TIF Note(DICW) 11-22-06 8.25% 2018 812,278 318,784 96,162 23,837 222,622
40 Main(GDTIF) 08-06-09 2020 690,529 466,487 65,719 29,690 400,768
Total Taxlncrement Notes 1,684,807 810,280 186,890 54,133 623,390
Total Taxlncrement 24,709,807 22,180,280 596,890 1,656,883 21,583,390
TIF bond issue for the Port of Dubuque Parking Ramp backed by Greater Downtown TIF&a minimum assessment agreement
Tax Increment
Economic Development TIF Rebate Agreements
P&L Ventures (DICW) 01-01-06 Rebate 2018 155,923 68,417 17,104 - 51,313
Dubuque Screw (DICW) 01-01-07 Rebate 2019 339,077 157,787 39,447 - 118,340
Tri-States (DICW) 01-01-04 Rebate 2017 393,184 94,343 47,171 - 47,171
Arts Way (DICW) 01-01-07 Rebate 2019 250,636 97,480 24,370 - 73,110
Spiegel Spec (DICW) 01-01-07 Rebate 2019 1,515,040 1,161,670 232,334 - 929,336
Kendall Hunt (DICW) 01-01-07 Rebate 2019 1,531,176 595,123 148,781 - 446,342
Hormel Foods (DICW) 01-01-07 Rebate 2021 6,567,123 3,892,749 648,792 - 3,243,957
Vanguard (DICW) 01-01-06 Rebate 2020 360,653 186,313 37,263 - 149,050
Medline (DICW) 01-01-07 Rebate 2019 1,944,272 887,053 221,763 - 665,290
Giese Properties II (DICW) 01-01-07 Rebate 2019 42,766 18,712 4,678 - 14,034
Faley Properties(DICW) 01-01-12 Rebate 2017 411,498 205,724 102,862 - 102,862
TM Logistics(Walter)(DICW) 01-01-11 Rebate 2017 112,779 54,382 27,191 - 27,191
Green Industrial Supply(DICW) 01-01-11 Rebate 2022 1,770,183 1,525,360 190,670 - 1,334,690
Theisen Supply 11(DICW) 02-01-12 Rebate 2019 148,839 127,157 31,789 - 95,368
AY McDonald(DICW) 12-01-11 Rebate 2020 79,088 79,088 4,770 - 74,318
Franklin Investment(GDTIF) 01-01-12 Rebate 2028 524,421 476,904 36,685 - 440,219
Caradco(GDTIF) 01-01-13 Rebate 2029 1,764,016 1,646,415 117,601 - 1,528,814
Nottingham Properties(GDTIF) 01-01-12 Rebate 2028 19,438 19,006 1,462 - 17,544
Plastic Center(GDTIF) 01-01-12 Rebate 2028 190,349 176,555 13,581 - 162,974
Engine House#1 (GDTIF) 01-01-12 Rebate 2022 174,979 159,560 12,274 - 147,286
Flexsteel(GDTIF) 01-01-12 Rebate 2022 1,976,786 1,779,107 197,679 - 1,581,428
44 Main(GDTIF) 01-01-12 Rebate 2022 330,985 230,579 32,940 - 197,639
The Crust(GDTIF) 01-01-10 Rebate 2022 295,452 213,474 30,496 - 182,978
McGraw Hill 11(GDTIF) 01-01-03 Rebate 2018 4,158,047 1,363,877 454,626 - 909,251
Hartig(GDTIF) 01-01-07 Rebate 2019 99,389 39,098 9,775 - 29,323
Star Brewery(GDTIF) 01-01-06 Rebate 2019 1,430,044 578,490 144,622 - 433,868
Roshek Building(GDTIF) 01-01-06 Rebate 2030 5,125,326 4,041,126 269,408 - 3,771,718
Interstate Building(GDTIF) 01-01-06 Rebate 2020 174,643 88,962 17,792 - 71,170
Victory Cafe(GDTIF) 01-01-10 Rebate 2022 91,387 63,739 9,106 - 54,633
Julien Hotel(GDTIF) 01-01-07 Rebate 2026 3,320,751 2,430,426 220,948 - 2,209,478
C&B Security(GDTIF) 01-01-07 Rebate 2020 496,567 248,750 49,750 - 199,000
Morrison Brothers(GDTIF) 01-01-10 Rebate 2021 170,749 68,516 11,419 - 57,097
Bonson(GDTIF) 01-01-13 Rebate 2029 219,094 204,487 14,606 - 189,881
Linseed Oil(GDTIF) 03-07-13 Rebate 2025 691,920 691,920 - - 691,920
Dubuque Stamp(Dubuque Making&Brewing) 01-01-06 Rebate 2020 168,756 67,523 13,505 - 54,018
The Rose(Holy Ghost) 01-01-12 Rebate 2024 162,452 146,207 16,245 - 129,962
Kunkel Bounds(Technology Park South) 01-01-06 Rebate 2018 444,291 120,609 40,203 - 80,406
L&J Properties (Technology Park South) 01-01-07 Rebate 2019 349,743 134,948 33,737 - 101,211
Conlon Johnson (Technology Park South) 01-01-07 Rebate 2019 810,041 353,935 88,484 - 265,451
Straka Johnson (Technology Park South) 01-01-07 Rebate 2019 174,782 68,006 17,002 - 51,004
Total TIF Rebates 123,654,966 24,563,577 3,632,931 - 20,930,646
General Funded Leases Various Various On-going 194,160 194,160 155,000
Other Loans-Revenue Backed
Tri-State Building Purchase 02-0310 0.0000% 2016 330,000 94,285 47,143 - 47,142
Iowa Finance Authority Loan-Caradco 12-01-10 3.0000% 2030 4,500,000 4,500,000 - 135,000 4,500,000
Total Other LnSRev Backed 5,427,945 4,594,285 47,143 135,000 4,547,142
Total City Indebtedness Subject to Debt Limit 313,472,524 173,639,489 11,462,750 5,995,998 171,955,634
Revenue Bonds
Parking Bricktown Parking Lot 07-21-08 5.00% 2023 400,000 262,056 25,434 12,788 236,622
Sanitary Northfork Catfish Improvements SRF 01-13-10 3.25% 2031 912,000 736,000 39,000 23,920 697,000
Sanitary Water&Resource Recovery Upgrade SRF 031310 3.25% 2039 74,285,000 67,832,000 2,309,000 1,391,003 67,623,000
Sanitary WRRC Cogeneration SRF 05-17-13 2.00% 2033 3,048,000 2,790,000 131,000 55,999 2,664,000
Stormwater Lower Bee Branch Restoration SRF 10-27-10 3.25% 2041 7,850,000 7,185,000 180,000 233,512 7,005,000
Date Average Yearof Amount Principal Principal Interest Principal
Description of Interest Final of Outstanding Due Due Outstanding
Issue Rate Payment Issue 6130115 FY 2016 FY 2016 6130116
Stormwater Lower Bee Branch SRF 0301-14 2.00% 2034 1,029,000 945,000 44,000 18,901 901,000
Stormwater Northfork Catfish Improv.SRF 01-1310 3.25% 2031 800,000 645,000 34,000 20,963 611,000
Stormwater Sales Tax Increment Revenue Bond O6-15-15 3.72% 2031 20,800,000 20,800,000 - 732,991 20,800,000
Stormwater Upper Bee Branch SRF 06-17-15 2.00% 2037 29,541,000 7,717,821 - 209,386 13,717,821
Stormwater West 32nd Detention Basin SRF 01-14-09 3.25% 2028 1,847,000 1,321,000 83,000 42,933 1,238,000
Water-Clear Well Reservoirs SRF 10-1307 3.25% 2028 915,000 655,000 41,000 21,288 614,000
Water Meter Change Out Program SRF 02-12-10 3.25% 2031 6,394,000 5,380,000 262,000 174,850 5,118,000
Water System Improvements&Ext. 11-04-08 4.71% 2023 1,195,000 755,000 80,000 44,882 675,000
Water System Improvements&Ext. 0316-10 3.54% 2030 5,700,000 4,940,000 205,000 186,575 4,735,000
Total Revenue Bonds 154,716,000 122,006,062 3,433,434 3,169,991 126,677,994
Total City Indebtedness 468,188,524 295,645,551 14,896,184 9,165,989 298,633,628
Statutory Debt Limit 193,113,721 196,031,074
%of Debt Limit Used 89.92% 87.72%
Remaining Debt Capacity 19,474,232 24,075,440
ATTACHMENT D
DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT
DISTRICT
LEGAL DESCRIPTION:
Subarea A of the District consists of the real property legally described as follows:
• All of the Dubuque Industrial Center First, Second, Third, Fourth, Fifth, Sixth, Seventh,
Eighth, Ninth, Tenth and Eleventh Additions and the adjoining public right-of-way, all in
the City of Dubuque, Dubuque County, Iowa.
Subarea B of the District consists of the real property legally described as follows:
• Lots 1, 3, 4, 1 of 5, 6 and H of Dubuque Industrial Center West; and
• Lots 1, 2, 3, 4, 5, 6, 7, 8, and C of Dubuque Industrial Center West 2nd Addition; and
• Lots 1, 2, 3, 4, B, and C of Dubuque Industrial Center West 4th Addition; and
• Lots 1 of 1, 1 of 2, 2 of 2, 1 of 3, 2 of 3, 1 of 5, A, C, and D of Dubuque Industrial Center
West 5th Addition; and
• Lots 1, 2, and Aof Dubuque Industrial Center West 6th Addition; and
• Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addition; and
• Lot 2 of 1 of the Southwest Quarter of the Southwest Quarter and Lot 2 of 1 of the
Southeast Quarter of the Southwest Quarter all in Section 30, Township 89 North, Range
2 East, 5th Principal Meridian;
• and all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right-of-
way lying in the SE 1/4 of Section 30, the SE 1/4 of the SW 1/4 of Section 30, the NW 1/4
of Section 31, and the NE 1/4 of Section 31 all in T89N, R2E, of the 5th P.M. Dubuque
County, Iowa, the centerline of which is more particularly described as follows:
beginning at a point of intersection with the easterly line of the SE 1/4 of Section 30,
T89N, R2E, of the 5th P.M., thence southwesterly along the centerline of said railroad
2,700 feet, more or less a point of intersection with the westerly line of the SE 1/4 of
said Section 30; thence southwesterly continuing along said centerline 845 feet, more or
less, to a point where the railroad right-of-way widens to 200 feet, said point being the
terminus of this description; and
• all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right-of-way
lying in the Balance of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter in
Section 29,Township 89 North, Range 2 East, 5th Principal Meridian; and
• any adjoining public street right-of-way all in the City of Dubuque, Dubuque County,
Iowa.
Subarea C of the District consists of the real property legally described as follows:
• Lot 1-1 NW 1/4-NE 1/4; Lot 2 of E 10 acres NE 1/4-NW 1/4; Lot 2-1 NW 1/4-NE 1/4; Lot 2
NW 1/4-NE 1/4; Lot 1 E 1/4 NE 1/4-NW 1/4; W 3/4 NE 1/4-NW 1/4; Lot 2-1 SE 1/4-NW
1/4; Lot 1-1 SE 1/4-NW 1/4; and the SW 1/4-NE 1/4 all in Section 30, Township 89 North,
Range 2 East, 5th Principal Meridian; and any adjoining public street right-of-way in the
City of Dubuque, Dubuque County.
Subarea D of the District consists of the real property legally described as follows:
• Lot 4 of Dubuque Industrial Center West 5th Addition, and Lot B of Dubuque Industrial
Center West 5th Addition in the City of Dubuque, Iowa.
Subarea E of the District consists of the real property legally described as follows:
• All of Lot 1 of 1 and Lot 1 of 2 of the South Fork Subdivision No. 1, including any
adjoining public street right-of-way to said lots, all in the City of Dubuque, Dubuque
County, Iowa, and;
• All of Seippel Road right of way from the north boundary line of Lot 1 of 1 of South Fork
Subdivision No. 1 in the City of Dubuque, to the south boundary lines of Lot H of
Dubuque Industrial Center West and Lot 1 of Dubuque Industrial Center West 2nd
Addition in the City of Dubuque, Dubuque County, Iowa, including crossings at the
intersections of Old Highway Road and Chicago Central & Pacific Railroad rights-of-way.
Subarea F of the District consists of the real property legally described as follows:
• Lot one (1) of Graf Farm Subdivision #2, Dubuque County, Iowa, according to the
recorded plat thereof;
• Lot 1 of Lot 1 of Lot 1 of Lot 1 of West One-half of Northeast One-quarter, Section 25,
Township 89 North , Range 1 East of the 5th Principal Meridian, in Center Township ,
Dubuque County , Iowa;
• Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, Iowa,
according to the plat thereof; and
• The NW 1/4 of the SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th
P.M., in Center Township, Dubuque County, Iowa.
Subarea G of the District consists of the real property legally described as follows:
The South one-half of the Northwest Quarter of Section 29,Township 89 North, Range 2 East of
the 5th Principal Meridian, in the City of Dubuque, Iowa.
Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29,Township 89
North, Range 2 East of the 5`h Principal Meridian, in the City of Dubuque, Iowa.
Lot 2 of McFadden Farm Place#2, in the City of Dubuque, Iowa.
Lot 2 of McFadden Farm Place, in the City of Dubuque, Iowa.
Lot A of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter of Section 29,Township
89 North, Range 2 East of the 5`h Principal Meridian, in the City of Dubuque, Iowa.
Lot A of Lot 1 of 1 of the Northwest Quarter of the Southwest Quarter of Section 29,Township
89 North, Range 2 East of the 5`h Principal Meridian, in the City of Dubuque, Iowa.
• All in the City of Dubuque, Dubuque County, Iowa.
i
I
MINUTES
CONSULTATION WITH AFFECTED TAXING BODIES for the following URBAN
RENEWAL PLAN:
i
• Dubuque Industrial Center Economic Development District
Monday, August 10, 2015 at 11:00 a.m.
City Hall, Conference Room B, Second Floor
50 W. 13th Street
Dubuque, Iowa 52001
Tax Entity Consultation for the Dubuque Industrial Center Economic Development District Urban
Renewal Area
Meeting commenced 11:00 a.m.
Present: No representatives from the taxing bodies were in attendance.
Meeting adjourned: 11:20 a.m.
Maurice Jones
Economic Development Director, City of Dubuque
Dubuque Planning Services Department
THE C . City Hall-50 West 1311,Street
� caC� Dubuque,IA 52001-4805
'I I' (563)589-4210 phone
DUUB- E I I (563)589-4221 fax
(563)690-6678 TDD
Masterpiece on the Mississippi 2007.2012.2013 planning@cityofdubuque.orQ
August 20, 2015
The Honorable Mayor and City Council
City of Dubuque
50 W.13th Street
Dubuque, IA 52001
RE: Amendment of the Dubuque Industrial Center Economic Development District—
McFadden Farm
Dear Mayor and City Council Members:
Introduction
On August 19, 2015, the Long Range Planning Advisory Commission reviewed the proposed
expansion of the Dubuque Industrial Center Economic Development District to add the
McFadden Farm as Subarea G.
Discussion
The amendment will expand the district to include the 161 acre McFadden Farm. The
amendment is consistent with the City of Dubuque Comprehensive Plan which supports
sufficient opportunities for industrial development sites within the community; retention and
expansion of existing, and attraction of new, industrial development opportunities in suitable
locations; and encourages annexation of land suitable for industrial use if necessary.
The Commission reviewed the objectives of the Dubuque Industrial Center Economic
Development District. The Commission believes the amendment is a logical expansion of the
current Industrial Park noting the property and services will be attractive to businesses and
industries.
Recommendation
By a vote of 6-0, the Long Range Planning Advisory Commission recommends approval of the
amendment to the Dubuque Industrial Center Economic Development District as it is consistent
with the 2012 Dubuque Comprehensive Plan.
Respectfully submitted,
OW ibcc✓ lid
Chad Darter, Chairperson
Long Range Planning Advisory Commission
cc: Michael Van Milligen, City Manager
Maurice Jones, Economic Development Director
F1USERS\Djohnson\Council Items\Urban Renewal&Revitilization Districts\DIC ED-McFadden Farm Subarea G.doc
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