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English Ridge - Housing Urban Renewal District Amendment Copyright 2014 City of Dubuque Items to be set for Public Hearing # 2. ITEM TITLE: English Ridge - Housing Urban Renewal District SUMMARY: City Manager recommending approval of a Resolution of Necessity that finds that a Housing Urban Renewal Plan for the English Ridge area is both necessary and appropriate, and set a public hearing on the proposed plan for November 2, 2015. RESOLUTION of Necessity finding that certain property in English Ridge Subdivision is an Economic Development Area and that the development of said Area is necessary in the interest of the residents of the City of Dubuque, Iowa, and setting a date for hearing on a proposed Urban Renewal Plan for said District SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s), Set Public Hearing for 11/2/15 ATTACHMENTS: Description Type ❑ English Ridge Housing Urban Renewal Plan-MVM Memo City Manager Memo ❑ Staff Memo Staff Memo ❑ Resolution of Necessity Resolutions ❑ Attachment Supporting Documentation ❑ Notice of Public 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: Resolution of Necessity for a Proposed English Ridge Housing Urban Renewal Plan DATE: October 1, 2015 Economic Development Director Maurice Jones recommends City Council approval of a Resolution of Necessity that finds that a Housing Urban Renewal Plan for the English Ridge area is both necessary and appropriate, and set a public hearing on the proposed plan for November 2, 2015. 1 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 meow All-AmericaCitY Dubuque,Iowa 52001-4864 D U B3 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: Resolution of Necessity for a Proposed English Ridge Housing Urban Renewal Plan DATE: September 30, 2015 INTRODUCTION This memorandum presents for City Council consideration a Resolution of Necessity that: 1) finds that a Housing Urban Renewal Plan for the English Ridge Area is both necessary and appropriate; and 2) sets a public hearing on the proposed plan for November 2, 2015. BACKGROUND The District will be an urban renewal area which allows the City of Dubuque to capture tax increment revenue from improvements made in the District in order to promote economic development activities. The District will be created for the development of a residential district and improvements along Stone Valley Drive. In addition to the development of infrastructure, tax increment financing will be used to benefit Low and Moderate Income (LMI) individuals in our community. The need to create the English Ridge Housing Urban Renewal Area has risen from the desire to 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. Pursuant to House File 2460, the plan will describe the specific use of tax increment funds, reflecting the utilization of tax rebates, the creation of public infrastructure, or other planned expenditures. 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 English Ridge 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 $6.3 million in increment with $5.6 million going to affordable housing throughout the community and $493,000 going to North Cascade Road improvements and other improvements in the District. See attached financial summary. City Council will be presented for review and approval an agreement with English Ridge, L.L.C. that has been negotiated in order to secure the developer's participation and consent. This is a separate, yet related, agenda item. The attached Resolution directs staff to prepare an Urban Renewal Plan for the newly named English Ridge Housing Urban Renewal Area, setting forth the urban renewal projects that are currently expected to be undertaken in the District, and for LMI households in the community. Additionally, staff is required to hold a consultation process, required by law, with the affected taxing entities concerning the proposed amendment, and to the extent the plan includes the use of tax increment revenues for a public building, provide an analysis of alternative development and funding options for such public buildings. A City Council public hearing on the Amended and Restated Urban Renewal Plan will be scheduled for November 2, 2015. The public notice will be published four to twenty days before the meeting to allow for the appropriate publication requirements. This will allow time for preparation of the Plan and the consultation process with the taxing entities. RECOMMENDATION/ ACTION STEP I recommend the City Council adopt the attached Resolution of Necessity that begins the process of creating the Urban Renewal Plan for the English Ridge Housing Urban Renewal Area. The amendment will provide the continued use of tools that will encourage reinvestment and redevelopment activities throughout the District and will support revitalization within the area and the community. Attachment RESOLUTION NO. 348-15 RESOLUTION OF NECESSITY FINDING THAT CERTAIN PROPERTY IN ENGLISH RIDGE SUBDIVISION IS AN ECONOMIC DEVELOPMENT AREA AND THAT THE DEVELOPMENT OF SAID AREA IS NECESSARY IN THE INTEREST OF THE RESIDENTS OF THE CITY OF DUBUQUE, IOWA, AND SETTING A DATE FOR HEARING ON A PROPOSED URBAN RENEWAL PLAN FOR SAID DISTRICT Whereas, the City Council has determined that the active development of property is a beneficial use that will enhance the City's ongoing economic development efforts; and Whereas, the City Council has determined that the area described in Section 1 below meets the definitions of an economic development area as defined in Chapter 403 "Urban Renewal" of the Iowa Code; and Whereas, a significant need for housing units exists in the community and local resources are needed to advance the development; and Whereas, Iowa Code Chapter 403 requires that before urban renewal authority may be exercised, a City Council must adopt a resolution of necessity finding that the area in question is a slum, blighted or economic development area, and that so designating such area is necessary in the interest of the public health, safety or welfare of the residents of the municipality. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the area generally described in Attachment A to this Resolution is an economic development area as defined by Chapter 403 of the Iowa Code and is appropriate for an urban renewal project. Section 2. That the development of the English Ridge Housing Urban Renewal Area is necessary and appropriate to facilitate the proper growth and development of the community in accordance with sound planning and local community objectives. Section 3. That the development of this area will provide new opportunities for quality housing and job creation in the community. Section 4. That the City Manager is authorized and directed to prepare an Urban Renewal Plan for the English Ridge Housing Urban Renewal Area, to forward said Plan to the City's Long Range Planning Commission for review and comment and to begin the consultation process required by law with affected taxing entities. Section 5. That the City Clerk is directed to publish notice of a public hearing on the adoption of an Urban Renewal Plan for the English Ridge Housing Urban Renewal Area to be held on the 2nd day of November, 2015, at 6:30 p.m. in the Historic Federal Building in Dubuque, Iowa, 350 W. 6th Street, Dubuque, Iowa and that said notice shall generally identify the area covered by the Plan and the general scope of the Urban Renewal Plan activities planned for such area. Section 6. That the City Clerk is further directed to send by ordinary mail a copy of said Plan and notice of public hearing to the Dubuque Community School District, the County Board of Supervisors and the Northeast Iowa Community College, as the affected taxing entities. PASSED, APPROVED and ADOPTED this 5th day of Octob 2015. ATTEST: Roy b. Buol Mayor Biel =1 Loll � HI IL l u l l IIS >-� - , r A-- i � �ubu9u, DUMB CJE i Maslerpiereon fhe Mississippi CITY OF DUBUQUE, IOWA OFFICIAL NOTICE NOTICE is hereby given that the Dubuque City Council will conduct a public hearing on November 2, 2015, at 6:30 p.m., in the second-floor chambers of the Historic Federal Building, 350 W. 6th Street, to consider a proposed Urban Renewal Plan ("Plan") for the English Ridge Housing Urban Renewal Area. The English Ridge Housing Urban Renewal Area is being developed to help local officials promote economic development in the City of Dubuque ("City"). The primary goal of the Amended 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). The English Ridge Housing Urban Renewal Area generally includes the English Ridge Subdivision and some adjourning public right-of-way, all in the City of Dubuque, Dubuque County, Iowa. The Plan makes clear that not less than 38.1% of the available tax increment revenues are expected to be used for purposes of providing assistance to low and moderate income housing. A copy of the Plan is on file in the City Clerk's Office and may be viewed during normal working hours. At said time and place of public hearing all interested citizens and parties will be given an opportunity to be heard for or against said proposal. Written comments regarding the above proposal may be submitted to the City Clerk's Office on or before noon of said date of public hearing at 50 w. 13th Street, Dubuque, IA 52001 or by email to ctyclerk@cityofdubuque.org Any visual or hearing impaired persons needing special assistance or persons with special accessibility needs should contact the City Clerk's Office at (563) 589-4100 or TDD (563) 556-9948 at least 48 hours prior to the meeting. Published by order of the City Council given on the 5th day of October, 2015. Kevin S. Firnstahl, CMC City Clerk 1 t 4/24