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English Ridge - Housing Urban Renewal District_Public Hearing Copyright 2014 City of Dubuque Public Hearings # 1. ITEM TITLE: English Ridge - Housing Urban Renewal District SUMMARY: Proof of publication on notice of public hearing to consider a Housing Urban Renewal Plan for the English Ridge area and the City Manager recommending approval. RESOLUTION Approving the Urban Renewal Plan for the English Ridge Housing Urban Renewal Area SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s) ATTACHMENTS: Description Type ❑ English Ridge Housing Urban Renewal Area-MVM Memo City Manager Memo ❑ Staff Memo Staff Memo ❑ UR Plan-English Ridge Supporting Documentation ❑ Attachment A-UR Plan Map Supporting Documentation ❑ Attachment B-1 -Existing Land Use Supporting Documentation ❑ Attachment B-2-Proposed Land Use Supporting Documentation ❑ Attachment C-bonded indebtedness Supporting Documentation ❑ Attachment D-District Boundary Descriptions Supporting Documentation ❑ Attachment E-Current Zoning Supporting Documentation ❑ TIF Summary Supporting Documentation ❑ Consultation Minutes Supporting Documentation ❑ LRPC Memo to Council Supporting Documentation ❑ Resolution of Adoption Resolutions THE CITY OF Dubuque U E I erica .i Masterpiece on the Mississippi 2007-2012-2013 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Urban Renewal Plan for the English Ridge Housing Urban Renewal Area DATE: October 27, 2015 Economic Development Director Maurice Jones recommends City Council approval of the Urban Renewal Plan for the English Ridge Housing Urban Renewal Area. 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 primary goal of the Plan is to stimulate, through public involvement and commitment, private investment in new housing and residential development. 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 $2,778,591 going to affordable housing throughout the community, $493,063 going to the District for public improvements and $189,000 for developer subdivision improvements. There will be $4,021,235 in uncommitted funds. The City is currently examining the feasibility of adding additional offsite public improvements within the Urban Renewal Area which will spur additional development, however, any funds that remain uncommitted will be redistributed back to the taxing bodies. City Council is being 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 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. I concur with the recommendation and respectfully request Mayor and City Council approval. ' 1AA^- Miclfael C. Van Milligen MCVM:jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Maurice Jones, Economic Development Director 2 Dubuque Economic Development Department THE CITY OF 50 West 13th Street All-AmericaCitY Dubuque,Iowa 52001-4864 DUB3 AkE1 ' Office(563)589-4393 TTY(563)690-6678 ® http://www.cityofdubuque.org Masterpiece on the Mississippi 200.2012.2013 TO: Michael Van Milligen, City Manager FROM: Maurice Jones, Economic Development Director SUBJECT: Urban Renewal Plan for the English Ridge Housing Urban Renewal Area DATE: October 26, 2015 INTRODUCTION The purpose of this memorandum is to forward for City Council review and approval the Urban Renewal Plan (Plan) for the English Ridge Housing Urban Renewal Area (District). The proposed plan will comply with the provisions of House File 2460, adopted by the Iowa legislature in 2012, requiring urban renewal plans reflect any active urban renewal project. BACKGROUND On October 5, 2015, the City Council 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 a Plan for the District per the directive of the City Council. A consultation process was conducted with the affected taxing entities as required by Chapter 403 of the Iowa Code. Prior to the meeting, the taxing entities were mailed copies of the 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 13, 2015. There were no representatives from the taxing entities in attendance. The Plan was reviewed by the Long Range Planning Commission on October 21, 2015. 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 notice of public hearing was published on October 23, 2015 in accordance with 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 §403.17(12). The creation of the English Ridge Housing Urban Renewal Area will result in improved roads and utilities in the designated area, as well as funding to assist with low moderate income (LMI) family housing within the City. Over the ten (10) year life of the District the area is projected to generate $6.3 million in increment. The $6.3 million will result in $493,000 to English Ridge public improvements and other improvements in the District, $2.8 million toward LMI family housing assistance throughout the community and $189,000 for developer subdivision improvements. Currently approximately $4 million is uncommitted; the City is examining the feasibility of adding additional offsite public improvements within the Urban Renewal Area to spur additional development. However, any uncommitted funds will be redistributed back to the taxing bodies. See attached financial summary. RECOMMENDATION/ ACTION STEP I recommend that following the public hearing, the attached resolution adopting the English Ridge Housing Urban Renewal Plan be approved to support reinvestment efforts in the District. 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. 380-15 APPROVING THE URBAN RENEWAL PLAN FOR THE ENGLISH RIDGE HOUSING URBAN RENEWAL AREA Whereas, by Resolution 348-15 approved on October 5, 2015, the City Council of the City of Dubuque, Iowa authorized the preparation of an Urban Renewal Plan for the English Ridge Housing Urban Renewal Area (the "District"); and Whereas, the proposed Urban Renewal Plan for the District has been prepared and placed on file for public inspection in the City Clerk's Office; and Whereas, the City of Dubuque's primary objective for the District is to stimulate, through public involvement and commitment, private investment in new housing and residential development as defined by Iowa Code §403.17(12), as described in the Urban Renewal Plan; and Whereas, the City Council finds the District meets the definition of an economic development area in Chapter 403 of the Iowa Code, and is appropriate for the provision of public improvements related to housing and residential development; and Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa, has held a public hearing on the proposed Urban Renewal Plan after public notice thereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the Urban Renewal Plan for the English Ridge Housing Urban Renewal Area 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 and the Urban Renewal Plan in the office of the Dubuque County Recorder. Passed, approved and adopted this 2nd day of November, 2015. Attest: Kevi Firnstahl .r City Clerk Roy D. Buol Mayor URBAN RENEWAL PLAN English Ridge Housing Urban Renewal Area City of Dubuque, Iowa November 2015 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 English Ridge 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 English Ridge 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 English Ridge Housing Urban Renewal Area is legally established and debt is certified prior to December 1 , 2015, the taxable valuation within the Urban Renewal Area as of January 1 , 2014, 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 English Ridge Housing Urban Renewal Area is zoned: C-3 (General Commercial) and R-1 (Single Family Residential). 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 English Ridge Housing Urban Renewal Area is to promote new housing and residential development. When the City undertakes a project to provide or aid in the provision of public improvements related to housing and residential development in an economic development area, the City must assure that the project will include assistance for LMI family housing. Unless a reduction is approved by the Iowa Economic Development Authority, the amount to be provided for LMI housing shall be either equal to or greater than the percentage of the original project cost that is equal to the percentage of LMI residents for Dubuque County. LMI families are those whose incomes do not exceed 80% of the median Dubuque County income. LMI families include single person households. 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 is currently 38.1 %. Not less than 38.1 % of incremental revenues will be used by the City to provide LMI family housing assistance. The assistance for LMI family housing may be provided anywhere within the City and may include, but is not limited to: 1 . Lots for LMI housing within or outside the urban renewal area; - 4 - 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 English Ridge 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 and fiber conduits and vaults, 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 water mains and fiber conduits and vaults, 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 ongoing and future development in a new 222-lot subdivision under development by Larry McDermott ("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 $214,313 Park $100,000 Water Main $178,750 Total $493,063 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 $189,000, 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 not less than the required LMI percentage (38.1 %) of the incremental taxes generated by the project 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. J. FINANCIAL DATA 1) July 1 , 2015, Statutory debt limit: $196,031 ,074 (see Attachment C) 2) Outstanding general obligation debt for purposes of debt limit: $169,455,634 (see Attachment C) - 7 - 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 $493,063. The LMI set-aside is not expected to exceed $2,338,222. The City will respond to other development opportunities as they arise. The total amount of tax increment to be used under this Plan is expected to be approximately $6,326,066. 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 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 - 8 - 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 English Ridge 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 English Ridge 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 English Ridge Housing Urban Renewal Plan shall be limited as deemed appropriate by the City Council and consistent with all applicable provisions of law. - 9 - Biel =1 Loll � HI IL l u l l IIS >-� - , r A-- i � �ubu9u, DUMB CJE i Maslerpiereon fhe Mississippi li "ENGLISH RIDGE HOUSING URBAN RENEWAL AREA Zs" ATTACHMENT B-1 - EXISTING LAND USE r ee opo eo h VHREWSBURJ L� , i �'YF'VA[[EYOq 2 2�2 2 N e W O English Ridge Urban Renewal District + Agriculture Open Space i Single Family Vacant Dubuque City limits NORTH H\Economic DevelopmentAUrban RenewA Distncts\English RidgeWttachmentB1 mod G 9242015 0 � - �MLISH RIDG HOUSING URBAN RENEWAL AREA Zs90 ATTA HMENT B-2 - PROPOSED LAND USE , 9 ! l •`T S � I me I r ' SHREWSBURV LN I J V I Q R C3 English Ridge Urban Renewal District + Single Family Agriculture Open Space Dubuque City limits H;Economic DeveloprceotWroan Ren Vv j dcG nglish RldgeWftachmentB2.mxd `'f HIX2015 City of Dubuque Summary of Bonded Indebtedness Date Average Year of 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 09-15-03 4.2750% 2023 2,110,000 1,025,000 110,000 45,765 915,000 Stormwater Improvements 04-18-05 4.2421% 2024 1,750,000 990,000 90,000 42,582 900,000 DICW Expansion-Non Taxable 04-18-05 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 08-02-10 2.4203% 2021 705,000 410,000 60,000 10,932 350,000 Airport 08-02-10 3.2838% 2030 176,360 147,318 7,729 4,860 139,589 Building Smart Meters for City Buildings 08-02-10 3.2838% 2030 62,835 52,488 2,754 1,732 49,734 Park Water System Study 08-02-10 3.2838% 2030 83,518 69,766 3,660 2,302 66,106 Refuse 08-02-10 3.2838% 2030 69,946 58,427 3,065 1,928 55,362 Stormwater Improvements 08-02-10 3.2838% 2030 1,667,481 1,392,890 73,077 45,952 1,319,813 Public Works Equipment Replacement 08-02-10 3.2838% 2030 542,488 453,154 23,774 14,950 429,380 Street Improvements 08-02-10 3.2838% 2030 270,822 226,223 11,868 7,462 214,355 Sanitary Improvements 08-02-10 3.2838% 2030 891,550 744,734 39,072 24,569 705,662 GDTIF Downtown Housing RFP/40 Main 08-02-10 4.6650% 2030 2,675,000 2,305,000 100,000 104,028 2,205,000 GDTIF Millwork District Parking 08-02-10 3.3265% 2030 2,825,000 2,360,000 120,000 76,000 2,240,000 Street Southwest Arterial 08-01-11 3.3045% 2031 1,029,285 900,828 43,903 30,486 856,925 Refuse 08-01-11 3.3045% 2031 36,615 32,045 1,562 1,084 30,483 Sanitary Sewer Improvements 08-01-11 3.3045% 2031 1,374,068 1,202,581 58,609 40,697 1,143,972 Stormwater Improvements 08-01-11 3.3045% 2031 2,287,260 2,001,805 97,561 67,744 1,904,244 Parking Iowa Street Ramp Improvements 08-01-11 3.3045% 2031 60,720 53,142 2,590 1,798 50,552 Water System Improvements 08-01-11 3.3045% 2031 1,542,052 1,349,599 65,775 45,672 1,283,824 Building 18th Street Improvements 08-01-11 3.5863% 2026 620,041 503,050 38,996 17,378 464,054 DICW Expansion-South Siegert Farm 08-01-11 3.5863% 2026 378,965 307,463 23,834 10,622 283,629 Parking Port of Dubuque Parking Ramp 08-01-11 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 Incenti\ 06-28-12 3.1972% 2032 755,000 720,000 35,000 21,505 685,000 Airport Improvements 06-28-12 3.1972% 2032 90,000 70,000 10,000 1,485 60,000 Airport Improvements 06-28-12 3.1972% 2032 2,145,000 1,960,000 95,000 58,578 1,865,000 DICW Expansion-South Siegert Farm-Taxable 06-28-12 3.1972% 2032 3,975,000 3,635,000 175,000 108,660 3,460,000 DICW Expansion-South Siegert Farm-Non-taxable 06-28-12 2.7903% 2032 425,000 395,000 20,000 12,162 375,000 Tech South Airport Utility Extension 06-28-12 2.7903% 2018 945,000 580,000 185,000 17,400 395,000 Fire Pumper 06-28-12 2.7903% 2027 269,800 234,300 17,750 7,029 216,550 Fire Station#4 Improvements 06-28-12 2.7903% 2022 65,000 55,000 5,000 1,650 50,000 E911 Tower Relocation 06-28-12 2.7903% 2027 235,800 207,000 14,400 6,210 192,600 Park Improvements-15 Year Bonds 06-28-12 2.7903% 2027 65,500 57,500 4,000 1,725 53,500 Civic Center Improvements 06-28-12 2.7903% 2027 550,200 483,000 33,600 14,490 449,400 Building-Conference Center Improvements 06-28-12 2.7903% 2022 60,200 51,600 4,300 1,548 47,300 Recreation Improvements-10 year bonds 06-28-12 2.7903% 2022 9,800 8,400 700 252 7,700 Library Improvements 06-28-12 2.7903% 2022 65,500 57,500 4,000 1,725 53,500 Building City Hall Brickwork 06-28-12 2.7903% 2027 393,000 345,000 24,000 10,350 321,000 FEMA Land Buyout 06-28-12 2.7903% 2027 110,200 95,700 7,250 2,871 88,450 Date Average Year of 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 Comorate Pumose) Parking Locust Ramp Security Cameras 06-28-12 2.7903% 2033 175,000 165,000 5,000 5,063 160,000 Sanitary Sewer Improvements 06-28-12 2.7903% 2033 1,560,000 1,430,000 65,000 44,044 1,365,000 Stormwater Improvements 06-28-12 2.7903% 2033 405,000 375,000 15,000 11,550 360,000 Water System Improvements 06-28-12 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 05-19-14 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 25,000,000 7,500,000 7,500,000 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 174,485,646 119,607,187 7,185,786 4,204,115 122,239,456 Date Average Year of 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 Bongs 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 Taxlncremerrt 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 II(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 (GDTI F) 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 II(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 Malting&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 Tota1TlFRebates 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 02-09-10 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 OtherLns-Rev Backed 5,427,945 4,594,285 47,143 135,000 4,547,142 Total City Indebtedness Subject to Debt Limit 328,472,524 171,139,489 11,462,750 5,995,998 169,455,634 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 08-18-10 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 Year of 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 09-01-14 2.00% 2034 1,029,000 945,000 44,000 18,901 901,000 Stormwater Northfork Catfish Improv.SRF 01-13-10 3.25% 2031 800,000 645,000 34,000 20,963 611,000 Stormwater Sales Tax Increment Revenue Bond 06-15-15 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 10-18-07 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. 08-16-10 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 483,188,524 293,145,551 14,896,184 9,165,989 296,133,628 Statutory Debt Limit 193,113,721 196,031,074 %of Debt Limit Used 88.62% 86.44 Remaining Debt Capacity 21,974,232 26,575,440 ATTACHMENT D ENGLISH RIDGE HOUSING URBAN RENEWAL DISTRICT LEGAL DESCRIPTION: ALL THAT PART OF THE RIGHT OF WAY OF STONE VALLEY DRIVE LYING BETWEEN THE SOUTHEASTERLY RIGHT OF WAY LINE OF U.S. HIGHWAY 20 AND THE WEST LINE OF ENGLISH RIDGE SUBDIVISION. LOTS B AND C ENGLISH RIDGE SUBDIVISION (CHESTERFIELD DR.), AND; LOT A ENGLISH RIDGE SUBDIVISION, AND; LOT L ENGLISH RIDGE SUBDIVISION, AND; LOT K ENGLISH RIDGE SUBDIVISION, AND; LOT J ENGLISH RIDGE SUBDIVISION, AND; LOTS 1 -22, INCLUSIVE, IN BLOCK 1 ENGLISH RIDGE SUBDIVISION, AND; LOTS 1 -23, INCLUSIVE, IN BLOCK 2 ENGLISH RIDGE SUBDIVISION, AND; ALL ADJOINING PUBLIC RIGHT OF WAY, ALL IN THE CITY OF DUBUQUE, DUBUQUE COUNTY, IOWA. LOTS 1 -21, INCLUSIVE, IN ENGLISH RIDGE SUBDIVISION NO. 2, AND; ALL ADJOINING PUBLIC RIGHT OF WAY, ALL IN THE CITY OF DUBUQUE, DUBUQUE COUNTY, IOWA. LOTS 22 - 42, INCLUSIVE, IN ENGLISH RIDGE SUBDIVISION NO. 3, AND; ALL ADJOINING PUBLIC RIGHT OF WAY, ALL IN THE CITY OF DUBUQUE, DUBUQUE COUNTY, IOWA. LOT B ENGLISH RIDGE SUBDIVISION NO. 5, AND: LOTS 43 - 64, INCLUSIVE, IN ENGLISH RIDGE SUBDIVISION NO. 6, AND; ALL ADJOINING PUBLIC RIGHT OF WAY, ALL IN THE CITY OF DUBUQUE, DUBUQUE COUNTY, IOWA. LOT E ENGLISH RIDGE SUBDIVISION NO. 6, EXCEPTING THAT PORTION OF SAID LOT E LYING WITHIN THE PUBLIC RIGHT OF WAY OF ENGLISH MILL ROAD. 1 i LISH RIDGE HOUSING URBAN RENEWAL DISTRICT ATTACHMENT E - ZONING i ee �e �o e > 7w SHREWSBURSLN J . _. Our{ Q 2 YIf JV� ( � !2 TpNf VA[[EYpR, Z Z i W go English Ridge Urban Renewal District Dubuque City Limits General Commercial (C-3) Single-Family Residential T-1) NORTH H9 Economic DevelopmentWrban Re al Districts English RidgeEftachmentE mod - 9/24/2015 L., City of Dubuque Housing TIF Summary- English Ridge TIF Revenue Public English English Improvement Ridge Ridge 25%to Cumulative FY Low Income Public Imp. Uncommitted* Developer TIF 2016 $ - $ - $ - 2017 $ 20,211 $ 32,837 $ $ 8,209 $ 24,628 2018 $ 98,746 $ 160,430 $ $ 40,108 $ 144,950 2019 $ 152,745 $ 221,152 $ 27,008 $ 62,040 $ 304,063 2020 $ 194,350 $ 78,643 $ 237,112 $ 78,643 $ 304,063 2021 $ 226,850 $ - $ 368,557 $ - $ 304,063 2022 $ 257,440 $ $ 418,255 $ $ 304,063 2023 $ 290,234 $ $ 471,534 $ $ 304,063 2024 $ 325,371 $ $ 528,621 $ $ 304,063 2025 $ 363,000 $ $ 589,756 $ $ 304,063 2026 $ 403,277 $ $ 655,192 $ $ 304,063 2027 $ 446,367 $ $ 725,200 $ $ 304,063 TIF Revenue $ 2,778,591 $ 493,063 $ 4,021,235 $ 189,000 TIF Funds Committed $ 2,778,591 $ 493,063 Uncommitted TIF Funds $ - $ (0) Subdivision Improvements Fiber Conduit & Vaults $ 189,000 Park $ 100,000 Total Subdivision Improve. $ 289,000 Public Improvements Fiber Conduits and Vaults $ 25,313 Water $ 178,750 Total Public Improvements $ 204,063 Total Improvements $ 493,063 Surplus (Deficit) $ (0) *The City is currently examining the feasibility of adding additional offsite public improvements within the Urban Renewal Area which will spur additional development, however, any funds that remain uncommitted will be redistributed back to the taxing bodies. i i MINUTES CONSULTATION WITH AFFECTED TAXING BODIES for the following URBAN RENEWAL PLAN: • English Ridge Housing Urban Renewal Area Tuesday, October 13, 2015 at 4:00 p.m. City Hall, Conference Room A, Lower Level 50 W. 13th Street Dubuque, Iowa 52001 Tax Entity Consultation for the English Ridge Housing Urban Renewal Area Meeting commenced at 4:00 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 4:20 p.m. 1 Jill Connors Economic Development Project Coordinator, City of Dubuque i i i i I i i II Dubuque Plaruung Services Department THE CDtU�B� City Hall-50 West 131h Street ti A®-AcaCity Dubuque,IA 52001-4805 I 'a' (563)589-4210 phone E I (563)589-4221 fax (563)690-6678 TDD Masterpiece on the Mississippi 2007.2012.2013 planning@d!yofdubuque.org October 26, 2015 The Honorable Mayor and City Council City of Dubuque 50 W.13th Street Dubuque, IA 52001 RE: Creation of the English Ridge Housing Urban Renewal Area Plan Dear Mayor and City Council Members: Introduction The Long Range Planning Advisory Commission has reviewed the proposed creation of the English Ridge Housing Urban Renewal Area Plan. Discussion Maurice Jones, Economic Development Director, reviewed that the District will be an urban renewal area which allows the City of Dubuque to capture tax increment revenue from improvements made in the District in order to promote economic development activities. He explained that the District will be created for the development of a residential district in English Ridge subdivision, as well as improvements along Stone Valley Drive. He noted that in addition to the development of infrastructure, tax increment financing will be used to benefit low and moderate income individuals in the community. The Commission reviewed the request and discussed the immediate and long term benefits and implications of Tax Increment Financing. The Commission noted the plan is consistent with the City of Dubuque Comprehensive Plan's goals and objectives. Recommendation By a vote of 6 to 0, the Commission recommends the creation of the English Ridge Housing Urban Renewal Area Plan, as it is consistent with the 2012 Dubuque Comprehensive Plan. Respectfully submitted, 1114I--pC - Chad Darter, Chairperson Long Range Planning Advisory Commission cc: Maurice Jones, Economic Development Director FAUSERS\Djohnson\Council Items\Urban Renewal&Revitilization Districts\English Ridge Housing Urban Renewal Area Plan.doc Service People Integrity Responsibility Innovation Teamwork CITY OF DUBUQUE, IOWA OFFICIAL NOTICE NOTICE is hereby given that the Dubuque 1 City Council will conduct ` a public Hearing on November 2, 2015, at 6:30 p.m., in the second -floor cham- bers of the Historic 1 Federal Building, 350 W. 6th Street, to consider a proposed Urban Renewal Plan I ("Plan") for, the English Ridge Housing Urban I Renewal Area. The English Ridge Housing Urban Renew- al Area is being developed to help local officials promote eco - 1 nomic development in the City of Dubuque ("City"). The primary glial of the' Amended !Plan is to stimulate, through public involve- ment and commitment, private investment in new housing and residential develop- ; ment as defined by the Iowa Code Section 403.17(12). "• The English Ridge, Housing Urban Renew- al` Area generally includes the English Ridge Subdivision and some adjourning public right-of-way, all in the 11 City of Dubuque, Dubuque -County, Iowa. The Plan: makes clear that not ' less than 38.1% of the available tax increment " reve- 1 nues 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 I 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 ;,gthe above, proposal,'":43 may xbe submitted A'to'�tho ,.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, need- ing special assistance or persons' with special accessibility needs should. contact the' City Clerk's Office'at (563) 589-4100 ' or TTY ,'.(563) 69046678 %at least 48; rs, houiv p�� t oto tvtheLt , . la Published by order -of the City, Council given on the 5th day' of October, 2015. Kevin S. Firnstahl, CMC, City Clerk, RESOLUTION NO. 348-15 RESOLUTION OF NECESSITY FINDING THAT CERTAIN PRO-" PERTY IN --ENGLISH. RIDGE SUBDIVISION IS AN ECONOMIC DEVELOPMENT AREA AND THAT THE DEVELOPMENT "OF SAID IAAREAptiri." 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 SAW DISTRICT Whereas, the City. Council has deter- mined that the active development of pro- perty is a beneficial use that will enhance! the City's ongoing economic development efforts; and Whereas, the City Council has deter- mined 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 com- munity and local resources are needed to advance the development; and Whereas,lowa Code Chapter 403 requires that before urban l renewal authority may be ` exercised, a City Council must adopt a resolution of necessity findingthat 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 resi- dents of the- muni- cipality. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TI -IE CITY OF DUBUQUE, IOWA: Section 1. That the area generally des- cribed 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 appro- priate to facilitate the proper growth and development of the community in accord- ance with sound planning and local community objectives. Section 3. That the development of this area will provide new opportunities for qual- ity housing and job creation in the community. Section 4. That the City Manager is author- ized 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 pro- cess 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 forsu.ch area. Section 6. That the City Clerk is further directed to send by ordinary mail a copy of 11 said Plan and notice of public hearing to the. 1 Dubuque Community 1 School District, the County Board of Su- pervisors and; the Northeast Iowa Com- munity College, as the affected taxing entities. Passed, approved and adopted this 5th day of October, 2015. Roy D. Buol, Mayor Attest: Kevin S. Firnstahl, City Clerk It 10%23 • 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: October 23, 2015, and for which the charge is $72.61. Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this ,9 day of .- � , 20/ . Notary Public in and for Dubuque County, Iowa. STEM T.,1 EY FR omcnIssion Numbor 154865 ►►u►i1►►►►1►►►11►►►is►1111►11►►►►►1►11►►►i►►►11►►I►1►►11►►►11►►►111►►►►►11► Doc ID: 008341740003 Type. GEN Kind RESOLUTION Recorded: 11/04/2015 at 11:57:51 AM Fee Amt: $17.00 Pape 1 of 3 Dubuque County Iowa John Murphy Recorder File2015-00014204 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. 380-15 APPROVING THE URBAN RENEWAL PLAN FOR THE ENGLISH RIDGE HOUSING URBAN RENEWAL AREA Whereas, by Resolution 348-15 approved on October 5, 2015, the City Council of the City of Dubuque, Iowa authorized the preparation of an Urban Renewal Plan for the English Ridge Housing Urban Renewal Area (the "District"); and Whereas, the proposed Urban Renewal Plan for the District has been prepared and placed on file for public inspection in the City Clerk's Office; and Whereas, the City of Dubuque's primary objective for the District is to stimulate, through public involvement and commitment, private investment in new housing and residential development as defined by Iowa Code §403.17(12), as described in the Urban Renewal Plan; and Whereas, the City Council finds the District meets the definition of an economic development area in Chapter 403 of the Iowa Code, and is appropriate for the provision of public improvements related to housing and residential development; and Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa, has held a public hearing on the proposed Urban Renewal Plan after public notice thereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the Urban Renewal Plan for the English Ridge Housing Urban Renewal Area 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 and the Urban Renewal Plan in the 031 0 16/ office of the Dubuque County Recorder. Passed, approved and adopted this 2nd day of November, 2015. 0 Roy D. Buol Mayor Attest: Kevi Sr. Firnstahl City Clerk CERTIFICATE of the CITY CLERK STATE OF IOWA ) SS: COUNTY OF DUBUQUE ) I, Kevin S. Firnstahl, do hereby certify that I am the duly appointed, qualified, City Clerk of the City of Dubuque, Iowa, in the County aforesaid, and as such City Clerk, I have in my possession or have access to the records of the proceedings of the City Council. I do further state that the hereto attached Resolution No. 380-15 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 3rd day of November, 2015. 40.11,7 AWA Ted? r Kevir(S'.Firnstahl, C ` oCity Clerk