English Ridge - Housing Urban Renewal District - Ordinance Copyright 2014
City of Dubuque Action Items # 3.
ITEM TITLE: English Ridge - Housing Urban Renewal District
SUMMARY: City Manager recommending adoption of an ordinance creating a tax
increment financing district for the English Ridge Housing Urban Renewal
Area.
ORDINANCE Providing that general property taxes levied and collected
each year on all property located within the English Ridge Housing Urban
Renewal Area, in the City of Dubuque, County of Dubuque, State of Iowa,
by and for the benefit of the State of Iowa, City of Dubuque, County of
Dubuque, Dubuque Community School District and other Taxing Districts,
be paid to a special fund for payment of principal and interest on loans,
monies advanced to and indebtedness, including bonds issued or to be
issued, incurred by said City in connection with said Urban Renewal
Redevelopment Project
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Motion B; Motion A
ATTACHMENTS:
Description Type
❑ English Ridge Tax Increment Ordinance-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
❑ Ordinance Ordinance
❑ Suggested Motion Supporting Documentation
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: Tax Increment Ordinance for the English Ridge Housing Urban Renewal
Area
DATE: October 29, 2015
Economic Development Director Maurice Jones is recommending adoption of an
ordinance creating a tax increment financing district for the English Ridge Housing
Urban Renewal Area.
The proposed ordinance authorizes utilization of tax increment financing to allow both
public and private development efforts in the District.
On October 5, 2015, the City Council approved a Resolution of Necessity finding that
the proposed District meets the definition of a housing urban renewal area under state
law, and is appropriate for urban renewal activities. Staff has prepared an Urban
Renewal Plan for the District per the directive of the City Council.
The Plan was reviewed by the Long Range Planning Commission on October 21, 2015.
The Long Range Planning Commission forwarded its recommendation to the City
Council affirming that the Plan is consistent with the City's Comprehensive Plan for
development.
The primary goal of the Plan is to stimulate, through public involvement and
commitment, private investment in new housing and residential development.
Over the ten 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 low,
moderate-income 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.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Mic ael C. Van Milligen'
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
Maurice Jones, Economic Development Director
2
Dubuque Economic Development Department
THE CITY OF 50 West 13th Street
All-AmericaCitY Dubuque,Iowa 52001-4864
DUB3 E1 ' Office(563)589-4393
TTY(563)690-6678
http://www.cityofdubuque.org
Masterpiece on the Mississippi 200.2012.2013
TO: Michael Van Milligen, City Manager
FROM: Maurice Jones, Economic Development Director
SUBJECT: Tax Increment Ordinance for the English Ridge Housing Urban Renewal
Area
DATE: October 26, 2015
INTRODUCTION
This memorandum transmits for City Council review and approval an ordinance creating
a tax increment financing district for the English Ridge Housing Urban Renewal Area
(District). The City Attorney's Office and bond counsel reviewed the proposed
ordinance which is attached to this memo.
The proposed ordinance authorizes utilization of tax increment financing to allow both
public and private development efforts in the District.
BACKGROUND
On October 5, 2015, the City Council approved a Resolution of Necessity finding that
the proposed District meets the definition of a housing urban renewal area under state
law, and is appropriate for urban renewal activities. Staff has prepared an Urban
Renewal Plan (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 forwarded its recommendation to the City
Council affirming that the Plan is consistent with the City's Comprehensive Plan for
development.
The public notice of public hearing was published on 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.
Adoption of the ordinance is needed to establish the use of tax increment financing in
the District. The ordinance authorizes the City to establish a special fund for capturing a
portion of the property tax revenues generated as new development occurs in the
District. All taxable property located in the District will continue to pay property taxes
based upon the current tax levies and assessment valuations. Tax revenues collected
in excess of the base amounts will be used to assist in financing future development
projects within the district, both public and private development, will be used to provide
LMI family housing, or will be returned to the taxing bodies if unused.
Adoption of the ordinance establishes base valuations in the district as of January 1 ,
2014, being the first day of the calendar year preceding the effective date of this
Ordinance.
RECOMMENDATION/ ACTION STEP
I recommend that the City Council approve the ordinance attached hereto for the
English Ridge Housing Urban Renewal Area. Tax increment financing is an important
tool for economic development and will be used to assist future public and private
development efforts in the English Ridge area.
Attachment
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
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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.
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E. DEVELOPMENT PLAN
The City Council has approved a general plan for the physical development of
the City as a whole, outlined in the 2012 City of Dubuque Comprehensive Plan
that was adopted by the City Council on February 6, 2012. The goals,
objectives, and projects in this Urban Renewal Plan are consistent with the City's
Comprehensive Plan.
The 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;
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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.
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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)
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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
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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.
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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
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go English Ridge Urban Renewal District Dubuque City Limits General Commercial (C-3) Single-Family Residential T-1)
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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
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Dubuque Plaruung Services Department
THE CDtU�B�
City Hall-50 West 131h Street
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A®-AcaCity Dubuque,IA 52001-4805
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(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
Prepared by Jill Connors, Economic Development, 50 W. 13th St, Dubuque, IA 52001, 563-589-4393
Return to Kevin Firnstahl, City Clerk, 50 W. 13th St., Dubuque, IA 52001, 563-589-4121
ORDINANCE NO. 68-15
AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND
COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE ENGLISH
RIDGE HOUSING URBAN RENEWAL AREA, IN THE CITY OF DUBUQUE, COUNTY
OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF
IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE COMMUNITY
SCHOOL DISTRICT AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL
FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES
ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE
ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH SAID URBAN
RENEWAL REDEVELOPMENT PROJECT
WHEREAS, the City Council of the City of Dubuque, Iowa, after public notice and
hearing as prescribed by law and pursuant to Resolution No. 380-15 passed and
approved on the 2nd day of November, 2015, adopted an Urban Renewal Plan (the
"Urban Renewal Plan") for an urban renewal area known as the English Ridge Housing
Urban Renewal Area (the "Urban Renewal Project Area"); and
WHEREAS, expenditures and indebtedness are anticipated to be incurred by the
City of Dubuque, Iowa in the future to finance urban renewal project activities carried
out in furtherance of the objectives of the Urban Renewal Plan and the future needs for
redevelopment within the Urban Renewal Project Area are such as to require the
application of the incremental tax resources of the Urban Renewal Project Area; and
WHEREAS, the City Council of the City of Dubuque, Iowa desires to provide for
the division of revenue from taxation in the Urban Renewal Project Area, as above
described, in accordance with the provisions of Section 403.19 of the Code of Iowa, as
amended, and the Urban Renewal Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. For purposes of this Ordinance, the following terms have the
following meanings:
(a) Urban Renewal Project Area shall include that area described as follows:
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.
(b) Urban Renewal Plan shall mean the Urban Renewal Plan for the English
Ridge Housing Urban Renewal Area, approved by Resolution No. 380-15 on
November 2, 2015, as the same may be amended from time to time.
Section 2. That the taxes levied on the taxable property in the Urban Renewal
Project Area, legally described in Section 1 hereof, by and for the benefit of the State of
Iowa, City of Dubuque, County of Dubuque, Dubuque Community School District, and
2
all other taxing districts from and after the effective date of this Ordinance shall be
divided as hereinafter in this Ordinance provided.
Section 3. That portion of the taxes which would be produced by the rate at
which the tax is levied each year by or for each of the taxing districts upon the total sum
of the assessed value of the taxable property in the Urban Renewal Project Area, as
shown on the assessment roll as of January 1, 2014, being January 1 of the calendar
year preceding the first calendar year in which the City of Dubuque is expected to certify
to the County Auditor the amount of loans, advances, indebtedness, or bonds payable
from the division of property tax revenue described herein, shall be allocated to and
when collected be paid into the fund for the respective taxing district as taxes by or for
the taxing district into which all other property taxes are paid. The taxes so determined
shall be referred to herein as the "base period taxes" for such Urban Renewal Project
Area.
Section 4. That portion of the taxes each year in excess of the base period taxes
determined for the Urban Renewal Project Area as provided in Section 3 of this
Ordinance shall be allocated to and when collected be paid into a special tax increment
fund of the City of Dubuque, Iowa hereby established, to pay the principal of and
interest on loans, monies advanced to, indebtedness, whether funded, refunded,
assumed or otherwise, including bonds or obligations issued under the authority of
Section 403.9 or 403.12 of the Code . of Iowa, as amended, incurred by the City of
Dubuque, Iowa, to finance or refinance, in whole or in part, urban renewal projects
undertaken within the Urban Renewal Project Area pursuant to the Urban Renewal
Plan, except that (i) taxes for the regular and voter -approved physical plant and
equipment levy of a school district imposed pursuant to Iowa Code Section 298.2 and
taxes for the instructional support program of a school district imposed pursuant to Iowa
Code Section 257.19 (but in each case only to the extent required under Iowa Code
Section 403.19(2)); (ii) taxes for the payment of bonds and interest of each taxing
district; (iii) taxes imposed under Iowa Code Section 346.27(22) related to joint county -
city buildings; and (iv) any other exceptions described in Section 403.19 shall be
collected against all taxable property within the Urban Renewal Project Area without any
limitation as hereinabove provided.
Section 5. Unless or until the total assessed valuation of the taxable property in
the Urban Renewal Project Area exceeds the total assessed value of the taxable
property in the Urban Renewal Project Area as shown by the assessment rolls referred
to in Section 3 of this Ordinance, all of the taxes levied and collected upon the taxable
property in the Urban Renewal Project Area shall be paid into the funds for the
respective taxing districts as taxes by or for said taxing districts in the same manner as
all other property taxes.
Section 6. At such time as the loans, advances, indebtedness, bonds and
interest thereon of the City of Dubuque, Iowa referred to in Section 4 hereof have been
paid, all monies thereafter received from taxes upon the taxable property in the Urban
3
Renewal Project Area shall be paid into the funds for the respective taxing districts in
the same manner as taxes on all other property.
Section 7. All ordinances or parts of ordinances in conflict with the provisions of
this Ordinance are hereby repealed. The provisions of this Ordinance are intended and
shall be construed so as to fully implement the division of taxes from taxable property in
the Urban Renewal Project Area under the provisions of Section 403.19 of the Code of
Iowa. In the event that any provision of this Ordinance shall be determined to be
contrary to law it shall not affect other provisions or application of this Ordinance which
shall at all times be construed to fully invoke the provisions of Section 403.19 of the
Code of Iowa with reference to the Urban Renewal Project Area and the territory
contained therein.
Section 8. This Ordinance shall be in effect after its final passage, approval and
publication as provided by law.
PASSED AND APPROVED this 2nd day of November, 2015.
Roy D. Buol,
ATTEST:
Kevin S. Firnstahl, Cit Clerk
Read first time: November 2, 2015
PASSED AND APPROVED: November 2, 2015
PUBLISHED: November, 6, 2015
1t 11/6
4
fi 4„,
yor
IIIIIII IIIIII III IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIII IIII
Doc ID' 008341750005 Type. GEN
Kind: ORDINANCE
Recorded: 11/04/2015 at 11:58:42 AM
Fee Amt: $27.00 Page 1 of 5
Dubuque County Iowa
John Murphy Recorder
Fi1e2015-000.14205
Prepared by Jill Connors, Economic Development, 50 W. 13th St., Dubuque, IA 52001, 563-589-4393
Return to Kevin Firnstahl, City Clerk, 50 W. 13th St., Dubuque, IA 52001, 563-589-4121
ORDINANCE NO. 68-15
AN ORDINANCE PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND
COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE ENGLISH
RIDGE HOUSING URBAN RENEWAL AREA, IN THE CITY OF DUBUQUE, COUNTY
OF DUBUQUE, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF
IOWA, CITY OF DUBUQUE, COUNTY OF DUBUQUE, DUBUQUE COMMUNITY
SCHOOL DISTRICT AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL
FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES
ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE
ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH SAID URBAN
RENEWAL REDEVELOPMENT PROJECT
WHEREAS, the City Council of the City of Dubuque, Iowa, after public notice and
hearing as prescribed by law and pursuant to Resolution No. 380-15 passed and
approved on the 2nd day of November, 2015, adopted an Urban Renewal Plan (the
"Urban Renewal Plan") for an urban renewal area known as the English Ridge Housing
Urban Renewal Area (the "Urban Renewal Project Area"); and
WHEREAS, expenditures and indebtedness are anticipated to be incurred by the
City of Dubuque, Iowa in the future to finance urban renewal project activities carried
out in furtherance of the objectives of the Urban Renewal Plan and the future needs for
redevelopment within the Urban Renewal Project Area are such as to require the
application of the incremental tax resources of the Urban Renewal Project Area; and
WHEREAS, the City Council of the City of Dubuque, Iowa desires to provide for
the division of revenue from taxation in the Urban Renewal Project Area, as above
described, in accordance with the provisions of Section 403.19 of the Code of Iowa, as
amended, and the Urban Renewal Plan.
'OD° ®C Civ IL
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE; IOWA
Section 1. For purposes of this Ordinance, the following terms have the
following meanings:
(a) Urban Renewal Project Area shall include that area described as follows:
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.
(b) Urban Renewal Plan shall mean the Urban Renewal Plan for the English
Ridge Housing Urban Renewal Area, approved by Resolution No. 380-15 on
November 2, 2015, as the same may be amended from time to time.
Section 2. That the taxes levied on the taxable property in the Urban Renewal
Project Area, legally described in Section 1 hereof, by and for the benefit of the State of
Iowa, City of Dubuque, County of Dubuque, Dubuque Community School District, and
2
all other taxing districts from and after the effective date of this Ordinance shall be
divided as hereinafter in this Ordinance provided.
Section 3. That portion of the taxes which would be produced by the rate at
which the tax is levied each year by or for each of the taxing districts upon the total sum
of the assessed value of the taxable property in the Urban Renewal Project Area, as
shown on the assessment roll as of January 1, 2014, being January 1 of the calendar
year preceding the first calendar year in which the City of Dubuque is expected to certify
to the County Auditor the amount of loans, advances, indebtedness, or bonds payable
from the division of property tax revenue described herein, shall be allocated to and
when collected be paid into the fund for the respective taxing district as taxes by or for
the taxing district into which all other property taxes are paid. The taxes so determined
shall be referred to herein as the "base period taxes" for such Urban Renewal Project
Area.
Section 4. That portion of the taxes each year in excess of the base period taxes
determined for the Urban Renewal Project Area as provided in Section 3 of this
Ordinance shall be allocated to and when collected be paid into a special tax increment
fund of the City of Dubuque, Iowa hereby established, to pay the principal of and
interest on loans, monies advanced to, indebtedness, whether funded, refunded,
assumed or otherwise, including bonds or obligations issued under the authority of
Section 403.9 or 403.12 of the Code of Iowa, as amended, incurred by the City of
Dubuque, Iowa, to finance or refinance, in whole or in part, urban renewal projects
undertaken within the Urban Renewal Project Area pursuant to the Urban Renewal
Plan, except that (i) taxes for the regular and voter -approved physical plant and
equipment levy of a school district imposed pursuant to Iowa Code Section 298.2 and
taxes for the instructional support program of a school district imposed pursuant to Iowa
Code Section 257.19 (but in each case only to the extent required under Iowa Code
Section 403.19(2)); (ii) taxes for the payment of bonds and interest of each taxing
district; (iii) taxes imposed under Iowa Code Section 346.27(22) related to joint county -
city buildings; and (iv) any other exceptions described in Section 403.19 shall be
collected against all taxable property within the Urban Renewal Project Area without any
limitation as hereinabove provided.
Section 5. Unless or until the total assessed valuation of the taxable property in
the Urban Renewal Project Area exceeds the total assessed value of the taxable
property in the Urban Renewal Project Area as shown by the assessment rolls referred
to in Section 3 of this Ordinance, all of the taxes levied and collected upon the taxable
property in the Urban Renewal Project Area shall be paid into the funds for the
respective taxing districts as taxes by or for said taxing districts in the same manner as
all other property taxes.
Section 6. At such time as the loans, advances, indebtedness, bonds and
interest thereon of the City of Dubuque, Iowa referred to in Section 4 hereof have been
paid, all monies thereafter received from taxes upon the taxable property in the Urban
3
Renewal Project Area shall be paid into the funds for the respective taxing districts in
the same manner as taxes on all other property.
Section 7. All ordinances or parts of ordinances in conflict with the provisions of
this Ordinance are hereby repealed. The provisions of this Ordinance are intended and
shall be construed so as to fully implement the division of taxes from taxable property in
the Urban Renewal Project Area under the provisions of Section 403.19 of the Code of
Iowa. In the event that any provision of this Ordinance shall be determined to be
contrary to law it shall not affect other provisions or application of this Ordinance which
shall at all times be construed to fully invoke the provisions of Section 403.19 of the
Code of Iowa with reference to the Urban Renewal Project Area and the territory
contained therein.
Section 8. This Ordinance shall be in effect after its final passage, approval and
publication as provided by law.
PASSED AND APPROVED this 2nd day of November, 2015.
Roy D. Buol, Mayor
ATTEST:
Keviri S. Firnstahl, bit y Clerk
Read first time: November 2, 2015
PASSED AND APPROVED: November 2, 2015
PUBLISHED: November, 6, 2015
1t 11/6
4
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 Ordinance No. 68-15 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.
STATE OF IOWA {SS:
DUBUQUE COUNTY
CERTIFICATION OF PUBLICATION
I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher
of the Telegraph Herald,a newspaper of general circulation published in the City of Dubuque, County
of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper
on the following dates: November 6, 2015, and for which the charge is $91.38.
-P,J,
Subscribed to before me, Notary Pub1'c in and for Dubuque County, Iowa,
this fig"' day of yon , 20 /.5. .
,/ / / r
` e✓ 4111022.
otary Public in and for Du`:uque County, Iowa.
Comrnision Number 154885
f+iY Corn. FE3. 1, 2017
taxes levied on the
taxable property in the
Urban. Renewal Project
Area, legally described
in Section 1 hereof, by
and for the, benefit of
the State of Iowa, City
OFFICIAL' ofDubuque,.County of
PUBLICATION Dubuque, Dubuque
ORDINANCE NO. 68-15 Community School Dis-
AN ORDINANCE trict, and all other
PROVIDING THAT taxing. districts from
GENERAL PROPERTY and after the effective
TAXES LEVIED AND date of this Ordinance
COLLECTED EACH shall ..be divided as
REAR''_ 'ON.. ALL hereinafter in this
PROPERTY, LOCATED Ordinance provided:
WITHIN, THE ENGLISH Section 3. That
Portion of 'the takes
RIDGE 'HOUSING UR-
BAN RENEWAL AREA, which'. Would' be
.IN , THE 'CITY 'OF produced by the rate at
DUBUQUE, COUNTY which the tax: is levied
OF DUBUQUE, STATE each year'by' or?'for
OF IOWA, BY :AND each of the taxing
FOR,THE• BENEFIT OF districts upon the total
THE STATE OF';sum of the assessed
IOWA,
CITY OF DUBUQUE, value of the taxable
COUNTY OF DUBU- property in the Urban
Renewal Project Area,
MUNITY SCHOOL as shown on the
QUE, DUBUQUE COM
Code of > Iowa with
reference to the Urban
Renewal Protect, Area
and the territory',
contained therein.
Section 8. This
Ordinance shall be in
effect ` after its final
passage, approval and
publication as provided
by law.
Passed -and approved
this _ r2nd day of
November, 2015.
/s/Roy D, 13uol, Mayor
Attest: /s/Kevin S.
Firnstahl, City Clerk
Read first time:
November'2 2015 -
Passed and approved:
November 2, 2015
Published: November,.
62015..,•'•
Published officially in
the Telegraph_ Herald
newspaper on the 6th
day of November, 2015.
/s/Kevin S. Firnstahl,
City Clerk
It 11/6
DISTRICT AND OTHER assessment roll . as of - --
TAXING DISTRICTS, January 1, 2014, being
BE PAID TO A January 1. of the 'cal-
SPECIAL.FUND ,FOR
endar year preceding
the
PAYMENT OF PRIN- first calendar year
CIPAL AND' INTEREST in which ,the City of
ON LOANS,^- MONIES Dubuque is expected to
ADVANCED; TO, AND certify` to the County
INDEBTEDNESS, IN- Auditor the amount of
CLUDING, ,BONDS loans, advances, in"
ISSUED - OR , TO BE debtedness, or bonds
ISSUED, .: INCURRED payable ' from < the
BY SAID r;CITY IN division of property tax
CONNECTION WITH revenue described,'
SAID .,.URBAN ; RE- herein, shall be al -
located to and when
NEINAL (REDEVELOP-
MENT PROJECT
REDEVELOPMENTPROJECT collected be paid into
the fund , for, the
WHEREAS, the City respective taxing 'dis-
Council ,of the City_ of trict as taxes by or for,
Dublque ,, Iowa, after the taxing district into
public -,",notice.. and which >:all 'other : pro -
hearing, as prescribed perty taxes,lare paid.
bylaw and pursuant to The taxes so deter -
Resolution. No380-15
"approved mined shall be referred
passed and
on the;2nd, day of to herein as the "base
ch
November, 2015, adopt Urban Renewal Pro eriod taxes" for sect
ed an Urban Renewal AI'
Plan (the Urban Area.
Section 4. That
Renewal. Plan") for an 'portion of the , taxes
urban renewal area each' year in excess of
known as the English
the base Period `taxes
Ridge. Housing Urban
determined for
Renewal . Area (the
. the
"Urban Renewal Pro- Urban Renewal Project
jectArea"):'and Area, as provided" in
WHEREAS,' expenSection 3 ' of this
ditures and' indebted, Ordinance shall. be
ness are anticipated to allocated to and (when
beincurred by the City collected be paid into a
of Dubuque, "Iowa in special tax increment
the future..to finance " fund of the City • of
urban `renewal project` Dubuque iowahay tthe
activities carried established, to pay he
furtherance . of the principal of and
objectives of the Urban interest - on `'.loans,
Renewal Plani ' and the monies advanced to,
future needs for indebtedness, whether
rfunded, refunded, as -
redevelopment within
the Urban `Renewal sumed, or otherwise,
Project Area are such including bonds; or
as to require the obligations issued un-
application of the der the authority of
incremental_ tax re- ,.Section 403.9 or 403.12
sources :of the .,Urban of the Code. of. Iowa, as
Renewal' Project Area; amended, incurred by
and the City of Dubuque,
WHEREAS, the City Iowa .:to finance or
Council of: the` City of refinance, in whole or
Dubuque, Iowa desires in part, urban renewal
to r provide? for the:projects undertaken
within
division' of revenue r ,the ' Urban
` in !the' Renewal Project: Area
from taxation
Urban'Renewal Project pursuant to the Urban
Area, as above Renewal Plan, -except
described, in 'accor.- •that (0 taxes for the
dance with the pro -
approved
and -voter
visions of Section) approved • physical
403.19 of 'the Code of plant and equipment
Iowa, as amended, and levy of a school district
the Urban ` Renewal imposed pursuant - to
plan. . Iowa Code Section
NOW, THEREFORE, BE 298 2 and taxes for the
IT `ORDAINED BY THE instructional support
CITY` COUNCIL OF THE program. of a school
CITY OF DUBUQUE, district imposed pur
IOWA: suant to Iowa Code
Section 1. For pur- Section 257.19 (but in
poses of this Ordi each case only to the
IOWA: suant to Iowa Code
Section 1. For pur-Section 257.19 (but in
poses. of this Ordi- each case only to the
Hance; the following extent required under
terms have the Iowa Code Section
following meanings: 403d9(2)); (ii) taxes for
(a) Urban Renewal the payment of bonds
Project Area .shall and interest of each
include that'. 'area taxing district; (iii)
described as follows: taxes imposed under
ALL. THAT PART ;OF Iowa Code `Section
THE RIGHT OF WAY OF 346.27(22)`" related to
STONE VALLEY:, DRIVE Joint county -city build -
LYING BETWEEN THE ings; and (iv) any other
SOUTHEASTERLY exceptions described
RIGHT or WAY LINE OF m Section 403.19 shall
U.S.' HIGHWAY 20 AND be collected against' all
THE. WEST . LINE OF taxable property within
ENGLISH RIDGE SUB- the Urban Renewal
DIVISION," Project Area without
LOTS B .AND C any limitation as
ENGLISH RIDGE:' SUB= hereinabove provided.
DIVISION (CHESTER- Section 5. Unless or
FIELD DR.), AND; until the' total assessed
valuation
LOT A ENGLISH RIDGE of'the `tax-
SUBDIVISION, AND; able property in the
LOT ENGLISH RIDGE Urban _.Renewal. Project
SUBDIVISION, AND; Area exceeds the total
LOT K ENGLISH RIDGE assessed value of-; the
SUBDIVISION, AND; taxable property in. the
LOT J ENGLISH RIDGE Urban Renewal Project
SUBDIVISION, AND; Area as shown by, the
LOTS 1 - 22, IN- assessment rolls re-
ferred to' in Section of
ENGLISH RIDGE SUB- this Ordinance, all of
DIVISION, AND; the taxes levied and
• LOTS 1 - 23, IN- collected upon the
CLUSIVE, IN BLOCK 2 taxable property in the
ENGLISH; RIDGE, SUB? Urban Renewal Project
DIVISION, AND; Area shall be paid into
ALL ADJOINING PUB- the funds for the
LIC RIGHT QF WAY, ALL respective taxing, dis
IN THE CITY' OF .tricts as taxes by or for
DUBUQUE, DUBUQUE said taxing districts in
COUNTY, IOWA. " / the same manner, as all
LOTS` 1 - 21, IN- other property taxes.
CLUSIVE IN- ENGLISH Section 6. At such
RIDGE SUBDIVISION:time as the loans,
N0. 2, . AND; ALL advances,'indebted-
ADJOINING PUBLIC ness, bonds and
RIGHT 0FWAY, ALL IN interest thereon of the
THE CITY OF DUBUQUE, City of Dubuque, Iowa
DUBUQUE COUNTY, referred td in Section 4
IOWA. hereof have been paid,
LOTS 22 - 42, IN- all monies thereafter
CLUSIVE, IN ENGLISH received : from taxes
RIDGE' ,• SUBDIVISION upon the;,, taxable
NO. ' 3, 1 ,AND; , ALL Propertyin the Urban
ADJOINING PUBLIC Renewal Project- Area
RIGHT OF WAY, ALL )N shall be ,paid, into the
THE CITY OF DUBUQUE, funds for, the respec
DUBUQUE '". COUNTY; troe taxing districts in
IOWA. the same manner as
LOT B ENGLISH RIDGE taxes on all other
SUBDIVISION N0,` 5, Property.
AND:, Section 7. All ordi-
LOTS •43 . -, 64, nances or i; parts of
INCLUSIVE, IN ENGLISH ordinances in conflict.
RIDGE • SUBDIVISION with the provisions of
NO. 6, AND;' ALL this Ordinance are ,
ADJOINING PUBLIC hereby repealed. The
RIGHT OF WAY, ALL IN provisions of- this
THE CITY OF DUBUQUE, Ordinance are. intend-
ed and shall be
DUBUQUE COUNTY, .
IOWA. construed so as to fully
LOT E ENGLISH RIDGE implementthe division
SUBDIVISION NO.,;. 6, of taxesfrom taxable
EXCEPTING THAT POR- property in the Urban
TION QF SAID LOT E Renewal Project Area
LYING -WITHIN THE under the provisions of
PUBLIC RIGHT OF, WAY Section 403.19 of the
OF ENGLISH `MILL Code of Iowa. In the
ROAD. event that any'
(b) Urban Renewal Provision of this
Plan shall mean the Ordinance shall be.
Urban Renewal Plan'for determined .to be
the' English Ridge contrary to law it shall
Housing' Urban Renew- not affect other
al Area, approved by provisions or appli-
Resolution No. 380-15 cation of this
on , November. 2,, 2015, Ordinance which shall
as the same may be at all times be
amended,from..time.to construed s to" fully
time;- s invoke the provisions
• Section,` 2. That the of Section `403.19'ofthe