Loading...
Economic Development Department FY 2017 Budget PresentationCity of Dubuque SUMMARY: SUGGESTED DISPOSITION: ATTACHMENTS: Description Economic Development Department FY17 Recommended Budget Copyright 2014 Public Hearings # 5. Economic Development Department FY2017 Budget Presentation Type Supporting Documentation Economic Development -125- This page intentionally left blank. -126- ECONOMIC DEVELOPMENT DEPARTMENT % Change FY 2014/15 FY 2015/16 FY 2015/16 FY 2016/17 from Adopted Budget Highlights Actual Adopted Amended Recomm'd FY 2015/16 Employee Expense 316,585 266,476 266,476 274,658 Supplies and Services 1,791,606 2,009,381 2,138,053 2,012,341 TIF Rebate Payments 3,654,862 3,451,609 3,451,609 3,604,711 Equipment 512 400 400 - Administrative Recharges 6,000 6,000 6,000 6,000 Subtotal 5,769,565 5,733,866 5,862,538 5,897,710 Debt Service 3,645,931 3,797,014 3,797,014 3,875,285 Total 9,415,496 9,530,880 9,659,552 9,772,995 Charges by Fund TIF Charges UDAG Charges DICW Land Sales Hotel/Motel Tax (50%) Administrative OH Recharges & Reimbursements Miscellaneous Revenue Total Property Tax Support Percent Increase (Decrease) Personnel - Authorized FTE 7,317,767 288,517 979,677 446,434 7,298,623 243,552 1,018,206 315,724 7,298,623 75,000 243,552 1,018,206 315,724 7,485,268 270,613 1,049,088 365,179 24,477 24,400 24,400 24,400 9,056,872 358,624 4.50 8,900,505 630,375 3.00 8,975,505 684,047 3.00 Improvement Packaae Summar 9,194, 548 578,447 3.00 3.1% 0.1% 4.4% 0.0% 2.9% 2.1% 2.5% 2.6% 0.0% 11.1% 3.0% 15.7% 0.0% 3.3% (51,928) -8.2% 1 of 1 This decision package would provide funding for a full-time Economic Development Project Coordinator at GE -30B to help make the duties of the Economic Development office more efficient and manageable. However, the workload of the Economic Development Department continues to increase to a level where it is necessary to add an additional person to help handle daily activities. Although in the past the Economic Development activities have fluctuated in workload due to the seasons and the economy, the department has been on overload due to increased project volume and staff turnover. Unfortunately, this impacts the timeliness of responses to developers and the public, and impacts the quality of work. As participation and activities are increased with City partners, both public and private, staff responsibility to be transparent, accurate an accountable increases tremendously. One example is that Greater Dubuque Development Corporation acts as feeder system for the Economic Development Department with regard to private sector projects. Their increased productivity due to their staffing level has a direct impact on the workload and expectations for the Economic Development Department. In Fiscal Year 2016, the Economic Development Department was approved to restructure, which included the elimination of the full-time Confidential Account Clerk -127- position, elimination of the full-time Assistant Economic Development Director position, elimination of the full-time Economic Development Coordinator position, addition of a full-time Economic Development Project Coordinator and a part-time Confidential Account Clerk. While this has improved departmental efficiency, it has not effectively addressed the increase in workload. The City Council 2015-2017 Policy Agenda identifies reviewing staffing levels of Economic Development and partners, funding, goals and performance expectations as a high priority. In addition, many of the identified top priorities often align with Economic Development's responsibilities. These priorities include the redevelopment of the Historic Millwork District, transforming the Transit system, Intermodal facility, Bus Storage Maintenance facility, real estate purchases, riverfront leases, workforce development, parking improvements, workforce housing/ fagade loans, Project HOPE, developing/implementing an arts & culture master plan, Central Avenue corridor focus and Environmental Protection Agencies Brownfield Redevelopment which includes an area wide planning grant for the Southport and Economic Development Agencies public facility grants Economic Development provides staffing to Dubuque Initiatives and the Arts Advisory Commission. As new market tax credits begin to unwind the process continues to be extremely time intensive. The redevelopment of the Roshek Building, lease management in the Federal Building, and the financial oversight continues to consume large amounts of time. Economic Development Project Coordinator duties would include responding to requests for information, completing state forms, compiling the state tax increment finance report, amending Urban Renewal and Revitalization Plans, preparing loan documents, reviewing job certifications, assisting departments with questions and performing duties as assigned. This new position would also assist with the departmental duties when other staff members are absent for reasons such as vacation, sick leave, attending meetings, conference/training, or unforeseen occurrences. The non-recurring expenses include a computer and workstation to accommodate an additional person. This employee would most efficiently be located in the current office space. Related Cost: $72,537 - Recurring Recommend - No Related Cost: $7,300 — Non-recurring Total Cost: $79,837 Property Tax Impact: +$.0339/+.30% Activity: Economic Development Significant Line Items at Maintenance Level (Without Recommended Improvement Packages) Employee Expense 1. FY 2017 employee expense reflects a 2.5% wage package increase. 2. The Iowa Public Employee Retirement System (IPERS) City contribution remains at 8.93% and the employee contribution remains at 5.95% in FY 2017. The City portion of health insurance expense increased from $1,040 in FY 2016 to $1,325 in FY 2017 per month per contract, resulting is an increase of $6,840 (27.40%). Supplies and Services 4. Payments to Other Agencies provide for TIF backed economic development grants. Rebate payments count against the City's statutory debt limit unless there is a non -appropriation clause approved in the development agreement and in that case only the current annual payment -128- counts against the City's statutory debt limit. The City began using non -appropriation clauses in development agreements beginning in January 2013. The grant estimates totaling $1,471,112 in FY 2017 in the Greater Downtown TIF district are to: McGraw Hill II $393,683 Last payment FY 2018 Hartig rebated at 60% $8,339 Last payment FY 2019 Star Brewery $67,396 Last payment FY 2020 German Bank $9,385 Last payment FY 2020 Interstate Building $17,904 Last payment FY 2020 Security Building $21,220 Last payment FY 2021 Roshek Building $238,674 Last payment FY 2021 Morrison Brothers $20,731 Last payment FY 2022 Adobos Mexican Grill $8,008 Last payment FY 2022 Flexsteel $180,773 Last payment FY 2024 Rousselot, Inc. $1,985 Last payment FY 2025 Julien Hotel $187,121 Last payment FY 2026 The Crust $15,797 Last payment FY 2027 44 Main $26,856 Last payment FY 2027 Engine House #1 $11,465 Last payment FY 2027 Franklin Investment $37,112 Last payment FY 2028 Nottingham Properties $0 Last payment FY 2028 Caradco (Schmid Innovation Center) $98,819 Last payment FY 2028 Bonson Block $9,672 Last payment FY 2028 Plastic Center $9,894 Last payment FY 2028 Linseed Oil Paintworks $0 Last payment FY 2030 Novelty Iron Works $106,276 Last payment FY 2031 The grant estimates totaling $1,863,304 in FY 2017 in the Dubuque Industrial Center West TIF district are to: Tri -States $52,363 Last payment FY 2017 National Dentex $28,792 Last payment FY 2018 TM Logistics $42,234 Last payment FY 2018 Theisen Supply $19,933 Last payment FY 2018 Dubuque Screw Products $41,111 Last payment FY 2019 A.Y. McDonald $0 Last payment FY 2019 Arts Way $47,932 Last payment FY 2019 Kendall Hunt $127,272 Last payment FY 2019 Medline $174,790 Last payment FY 2019 Spiegel Spec Building $215,442 Last payment FY 2019 Giese Properties II $4,058 Last payment FY 2019 Malay Holdings $35,421 Last payment FY 2022 Faley Properties $89,982 Last payment FY 2022 Green Industrial Supply $303,548 Last payment FY 2023 Hormel Foods $680,425 Last payment FY 2026 The grant estimates in FY 2017 in the Dubuque Brewing and Malting TIF district are to: Dubuque Stamp $0 (last payment in 2020). The grant estimates in FY 2017 in the Lake Ridge TIF district are to: The Rose of Dubuque $10,896 (last payment in 2024). -129- The grant estimates totaling $213,882 in FY 2017 in Tech Park South TIF district are to: Kunkel Bounds $47,283 (last payment FY 2018) Conlon Johnson $113,225 (last payment FY 2019) Straka Johnson $19,229 (last payment FY 2019) L&J Properties $34,145 (last payment FY 2019) The grant estimates in FY 2017 in the North Cascade Road Housing TIF district are to: North Cascade Road Developers LLC $65,191 (last payment in 2025). The grant estimates in FY 2017 in the English Ridge Housing TIF district are to: English Ridge LLC $8,209 (last payment in 2027). 5. Contract Administrative Charges of $6,000 are reflected as a transfer to the Finance Department for TIF loan processing fees. 6. Copying decreased from $3,703 in FY 2016 to $1,257 in FY 2017 based on FY 2015 actual of $1,085. 7. Property Tax decreased from $30,248 in FY 2016 to $1,000 in FY 2017 based on FY 2015 actual of $684 and based on the amount farmland that will be rented in FY 2017. 8. Mileage decreased from $1,046 in FY 2016 to $250 in FY 2017 based on FY 2014 actual of $315. 9. Legal Services decreased from $12,000 in FY 2016 to $5,000 in FY 2017 based on FY 2015 actual. This line item represents outside legal services provided for the City's industrial parks and is funded by tax increment financing revenue. 10. Consultant Services decreased from $16,788 in FY 2016 to $0 in FY 2017 based on FY 2015 actual of $0. This line item represents consultant services provided for the City's industrial parks and is funded by tax increment financing revenue. 11. Due to the Tax Increment Financing legislative changes in FY 2012, stormwater, consulting engineers, legal services, consultant services and financial services related to the City's TIF districts must be charged to the general fund prior to transferring funds from the related TIF funds. In FY 2017, there is $5,052 budgeted in the general fund that will be reimbursed by TIF districts at year-end. 12. Contracted Services increased from $1,610,754 in FY 2016 to $1,668,934 in FY 2017. The following service agreements are budgeted in Economic Development in FY 2017: Dubuque Area Convention and Visitors Bureau $1,049,088; Dubuque Area Labor Management Council $27,000; Dubuque Main Street $66,848; Greater Dubuque Development Corporation $370,613; Prosperity Eastern Iowa $5,085; Access Dubuque $5,300; America's River Festival $10,000; Inclusive Dubuque $67,500 and Project Hope $67,500. These contracted services for Economic Development are expenses that the City would have within its organization regardless of who provides the services. -130- Debt Service 13. The FY 2017 debt service includes ($3,875,285): $120,000 TIF revenue bond —Theisen (last payment in FY 2018) $74,656 G.O. issue GDTIF backed - Opening Town Clock Plaza (last payment FY 2021) $648,903 G.O. issues DICW TIF backed - DICW 3'' Addition (last payment 2021) $600,044 G.O. issues DICW TIF backed -DICW North Siegert Farm (last payment 2029) $29,326 G.O. issues GDTIF backed - Former Kephart's Building (last payment 2024) $47,142 State Land Contract - Former Tri-State Building Purchase (last payment 2017) $206,428 G.O. issue GDTIF backed -Housing Incentives/40 Main LLC (last payment 2030) $198,450 G.O. issue GDTIF backed - Millwork District Parking (last payment 2030) $135,000 IFA loan - Caradco Building paid by developer (last payment 2030) $95,408 TIF revenue bond GDTIF- 40 Main (last payment 2031) $350,642 G.O. issue DICW TIF backed - South Siegert farm (last payment 2031) $10,741 G.O. issue DICW TIF backed — Future site for industrial park (last payment 2032) $54,405 G.O. issue GDTIF backed - Washington Neighborhood Subarea Incentives $279,336 G.O. issue GDTIF backed - GDTIF District programs (last payment 2032) $269,250 G.O. issue TechnologyTIF backed —Airport utility extensions (last payment 2032) $390,194 G.O. issue GDTIF backed - One -Way to Two -Way (last payment 2032) $222,260 G.O. issue GDTIF backed - GDTIF District programs (last payment 2034) $143,100 G.O. issue DICW TIF backed — Future site for industrial park (last payment 2034) In addition, Greater Downtown TIF will transfer to the Debt Service fund to pay a portion of the America's River Fund debt ($361,729); Library Renovation debt ($208,626); Port of Dubuque Parking Ramp ($2,012,000); Intermodal Facility ($300,712); Downtown Parking Ramp Debt ($280,000); and Bus Storage and Maintenance Facility ($33,246). Revenue 14. The payment from Dubuque Initiatives for processing of payments has remained at $24,400 in FY 2017. 15. Revenue received from Enterprise Funds for administrative overhead charges increased from $315,724 in FY 2016 to $365,179 in FY 2017. -131- xK•]►N]LVA I[ON W;kTJAIto] :1LVA IA0kI Economic Development formulates and implements strategies which retain and create jobs, enhance the tax base, stabilize the local economic base and encourage economic self-sufficiency, working primarily in the areas of downtown, Historic Millwork District, riverfiont and industrial park development — thus improving the community's overall quality of life. Economic Development Economic Arts and Cultural Development Affairs Parking Tranist Division Division SUCCESS IS ABOUT PLANNING, PARTNERSHIPS AND PEOPLE LEADING TO OUTCOMES PEOPLE We work to attract and retain an appropriate mix of businesses for the purpose of increasing employment opportunities, attracting skilled workers and to provide the town with a stable economy. We focus efforts on creating healthy, diverse neighborhoods in the community. INCLUSIVE PLANNING We facilitate projects related to the preparation and administration of City plans and work with businesses and consultants to plan and develop areas such as the Historic Millwork District, the Downtown, the Port of Dubuque, Urban Renewal Districts and the Industrial and Technology parks to generate income and employment opportunities along with a strong tax base. INCLUSIVE INCLUSIVE dubuque PARTNERSHIPS We support partnerships among business, communities and nonprofit organizations that strengthen the economic health and quality of life for the city of Dubuque. We promote economic development assistance to area businesses in cooperation with federal, state and local agencies. -132- ECONOMIC DEVELOPMENT The Economic Development Department is supported by 3 full-time equivalent employees, which accounts for 2% of the department expense as seen below. Overall, the departments' expenses are expected to increase by 1 % in FY 2017 compared to FY 2016. Expenditures by Category by Fiscal Year Debt Serviceir Resources and Property Tax Support $3,875,285 8000000 $3,797,014 $6,000 7000000 $3,645,931 6000000 1 $6,000 5000000 4000000 Supplies and Services ZiQP411791,606 $2,138,053 3000000 2000000 Employee Expense $274,658 1000000 $266,476 0 $0 $316,585 $1,000,000 TIF Charges UDAG Charges DICW Land Sales Hotel/Motel Tax Adminstrative Property Tax $2,000,000 Overhead Support ■ FY2015 ■ FY2016 — FY2017 The Economic Development Department is supported by 3 full-time equivalent employees, which accounts for 2% of the department expense as seen below. Overall, the departments' expenses are expected to increase by 1 % in FY 2017 compared to FY 2016. Expenditures by Category by Fiscal Year Debt Serviceir $3,875,285 $3,797,014 $6,000 $3,645,931 Administrative Recharge 1 $6,000 $6,000 $2,012,341 Supplies and Services ZiQP411791,606 $2,138,053 Employee Expense $274,658 $266,476 $0 $316,585 $1,000,000 $2,000,000 $3,000,000 $4,000,000 ■ FY20162 ■ FY2016 ■ FY2015 6191911 ECONOMIC DEVELOPMENT Administration Overview Our department provides professional leadership in economic development, downtown redevelopment, nverfront and industrial development and supervises programs to meet the social, economic and physical development in our community. The Parking Division and the Transit Division are managed through Economic Development. Trans t promotes public private partnerships in transportation and explores and implements transportation opportunities that enhance the social, economic and environmental well-being of the City of Dubuque. Parking strives to promote a positive parking experience while maintaining the parking system and enforcing, in a fair and equitable manner the parking regulations in Downtown Dubuque. Economic Development offers many different financial incentives to encourage property developmenthmprovement and job creation. Atlmi Funtli015/16 FV 2i14/i5 FY2015/16FVmmend 2016/17 Actuals Actual Adopted Recommended 6pentlttuces $1,]80,030 $1,90$051 $2,00],888 Resp $738,333 $618,716 $665,464 Administration Position Summary FV 2016/17 FTRS Economic Development Director 1.00 Economic DeuelopmentProject Coordinator ii 1.00 Confidential Account Clerk 1 0.50 Total FT Equivalent Employers 1250 Highlights or the Past Year • In the Greater Downtown Urban Renewal Area, Economic Development has partnered with Dubuque Main Street to provide a challenge grant that will assist in facade improvements to five properties along the Central Avenue Conidor • Worked with multiple property owners on the creation of market rate residential units and improved storefront spaces. Implemented Housing Urban Renewal Distncts, which make use of the increased property tax revenue from new houses, setting a portion of the funds aside for the City to assist low income families with their housing needs. -134- ECONOMIC DEVELOPMENT Future Initiatives Further the work with business owners alona the Central Avenue cordo- encouraging them to organize an association in order to promote their businesses and bring their concerns to the City's attention. • Working to develop additional funding programs for small businesses and entrepreneurs. Performance Measures Community Development - Activity Statement Identify resources and paftnerships within a broad contextof economic development approadlesto Improve the eoallN of life for the citizens of Duboeoe. J Ov Goal: Economic Prosperity erdit Outcome to : Improve the economic health of our community When the income of an area rases, it indicates that businesses are performing well and residents have more money to spend,, increasing the overall standard of living. 0 Provide financial tools for businesses to develop and prosper 0 Encourage local businesses to improve their sustainability and profitability by developing their offerings of sustainable products and services and their use of sustainable products, services, and practices. Tax Increment Financing (TIF) - An incentive program which captures the increased pmpertytaxes a business pays from improving their property. This incentive can be used to help pay for needed infrastructure improvements or to provide grants to the business. Businesses must commit to lob creation in the community or must have an extraordinary positive impact forthe community to offer this incentive. -135- ECONOMIC DEVELOPMENT In Fiscal Year 2015, the City purchased an additional 327 acres of land that has been added to Dubuque Industrial Center West. The land provides potential for attracting new business to Dubuque, as much of the Industrial Center is already developed. The following chart shows the cost to develop, compared to the $120,000 selling price. Development Agreements We work with developers and businesses to prepare a tailored agreement that corresponds with their expansion/development plans, as well as meets City Council's objectives of local expansion, affordable market rate housing creation, and job creation. Our staff currently monitor approximately 90 development agreements to ensure that the developers/employers meet the requirements within the agreements, which include required minimum physical improvements, timing of improvements and job creation. Staff also monitor and prepare Tax Increment Financing rebates as outlined in the agreements. Outcome #2: Facilitate the development of a Place -Based Economy This effort is crucial to strengthening the roots of ourlocally owned businesses and enhancing Dubuque as a pro-business city and entrepreneurial environment Focus on growing the local economy, which is deeply rooted in our geographic, physical and human capital strengths, for long term economic stability. This is an opportunity to center on strong place development throughout the city, building a unique city form and fabric that continues to attract a talented workforce and fosters collaboration. Downtown Rehabilitation Loan Program — This includes fagade, design and financial planning grants and low interest loans. Downtown Housing Incentive — Funds rehabilitation of vacant downtown buildings into affordable, market rate rental housing. -136- Purchase Price & Purchase Price Combined Purchase Price per Yield Development Development Cost Property Total Acres Total Price Developable Acres per Developable Price&Development Acre Percentage Costs Per Developable Acre Costs Acre Graf Farm 166.3 $2,078,570 $12,500 80 48% $25,982 $7,400,000 $9,478,570 $118,482 McFadden Family 124.72 $2,120,240 $17,000 84 67% $25,241 $6,000,000 $8,120,240 $96,670 Partnership McFadden 36.5 $1,350,500 $37,000 32 88% $42,188 $1,900,000 $3,250,000 $101,563 Properties, LLP Development Agreements We work with developers and businesses to prepare a tailored agreement that corresponds with their expansion/development plans, as well as meets City Council's objectives of local expansion, affordable market rate housing creation, and job creation. Our staff currently monitor approximately 90 development agreements to ensure that the developers/employers meet the requirements within the agreements, which include required minimum physical improvements, timing of improvements and job creation. Staff also monitor and prepare Tax Increment Financing rebates as outlined in the agreements. Outcome #2: Facilitate the development of a Place -Based Economy This effort is crucial to strengthening the roots of ourlocally owned businesses and enhancing Dubuque as a pro-business city and entrepreneurial environment Focus on growing the local economy, which is deeply rooted in our geographic, physical and human capital strengths, for long term economic stability. This is an opportunity to center on strong place development throughout the city, building a unique city form and fabric that continues to attract a talented workforce and fosters collaboration. Downtown Rehabilitation Loan Program — This includes fagade, design and financial planning grants and low interest loans. Downtown Housing Incentive — Funds rehabilitation of vacant downtown buildings into affordable, market rate rental housing. -136- ECONOMIC DEVELOPMENT Washington Neighborhood Facade Grant Program — Provides facade funds to owners of commercial property within the Washington Neighborhood with preference given to buildings along the Central Avenue Corridor between 11th and 22nd streets. Lease Agreements/Land Management - Economic Development staff assist with negotiating, preparing and monitoring lease agreements for space in the Historic Federal Building, on Riverfront properties, and other City owned properties. Staff work with potential businesses to market the property and space available and negotiate a suitable lease agreement to match the needs of the prospective business with the goals of the City Council. Outcome #3: Workforce Development & Diversity Recruitment and retention of valuable employees is now recognized as one of the most important issues facing corporate America. Work with Inclusive Dubuque to address inequities identified in our community via their Equity Profile, particularly in the area of economic wellbeing. Create/Attract new jobs and businesses in the sustainability sectors Land Discounts — The sale of city -owned property to businesses that commit to significant job creation in the community. State of Iowa Programs — High Quality Jobs program, Workforce Housing tax credits, Historic tax credits, and Community Development Block Grant funds are available from the State of Iowa for qualifying projects. 6KYA ECONOMIC DEVELOPMENT Arts & Cultural Affairs Overview The Arts & Cultural Affairs Office works to strengthen the city's arts initiatives and improve coordination between various arts groups by working with the Arts and Cultural Affairs Advisory Commission. Additionally, the Arts & Cultural Affairs Office manages the Art on the River program and administers two City grant programs awarded to local arts and cultural organizations. s & Cultural Affairs Funding Summary FY 2014/15 FY 2015/16 FY 2016/17 Actual Adopted Recommended Expenditures $255,285 $278,806 $279,839 Resources $21,095 $0 $0 Arts and Cultural Affairs Position Summary FY 2016/17 FTE's Arts& Cultural Affairs Coordinator 1 0.50 Total Fr Equivalent Employees 10.50 Highlights of the Past Year • Coordinated the 101° annual Art on the River Program. • Began work with consultant on Arts and Cultural Master Plan, to be completed late 2015. Future Initiatives • Focus will be on implementing suggestions from the Master Plan, in coordination with the Arts & Cultural Affairs Advisory Commission. Performance Measures Arts & Cultural Affairs —Activity Statement Present a visible presence in the community as a proactive leader in the arts community of Dubuque. Leverage resources to help grow Dubuque's creative economy. 0 • Goal: Social/Cultural Vibrancy) Outcome #1: Coordinate the Arts and Culture Special Projects Grant Program and distribution of annual operating budget support -138- ECONOMIC DEVELOPMENT Since 2005, the City of Dubuque has provided over $2.6 million to area arts and culture organizations and other iron -profits for programs that reach thousands of Dubuque adults and children each year. ORGANIZATION GRAND TOTAL Bell Tower Productions $ 187,58329 Clarke University $ 19,87299 Colts Drum &Bugle $ 34905709 Downtown Dubuque Christian outreach $ 2,89909 Dubuque Arboretum $ 99,382.15 Dubuque Area Ars Collective $ 542909 Dubuque Ars Council $ 95,93959 Dubuque Chorale $ 19,23109 Dubuque Community School Foundation $ 2,99599 Dubuque County Fine Ars Society $ 29,92425 Dubuque County Historical Society $ 518,93909 Dubuque Main Streef/Downtown CC $ 4144109 Dubuque Museum of Art $ 275,993.19 Dubuque Symphony orchestra $ 478,14409 Fly Bµ Night Productions $ 23,29599 Four Mounds Foundation $ 55,92299 Friends of Mines of Spain $ 5,99909 Grand Opera House $ 293,49959 Healing Moments $ 3,99909 JDIFFiGet Reel $ 35,97772 LoasCollege $ 22,92709 Mater/Dubuque Art Center $ 19,98299 Multicultural Family Center $ 5,17599 Music Men $ 44828 Northeast Iowa School of Music $ 19473801 Rising SbrTheatre Cc $ 11,98134 St Mary's/Steeple Square $ 14,59599 Studio Works $ 2,89909 Voices Productions $ 7,23109 TOTAL $ 2,619,951.85 INS DID YOU KNOW. The non-profit arts and cu/tore industry in Dubuque generates $47 2 million in annual economic activity, supporting 1,530 fulltimeequivalant/obs and generates $5 million in local and state go vernment re venues and $36.7 million in househob income to local residents -139- Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund Account Account Title FY14 Actual FY15 Actual FY16 Adopted FY17 Recomm'd 210 41205 TAX INCREMENT RECEIPTS Revenue Revenue Budget Budget 210 41110 TAX ON AGRICULTURAL LAND 0 668 0 0 210 41205 TAX INCREMENT RECEIPTS 3,233,396 3,630,677 3,533,714 3,785,548 212 41205 TAX INCREMENT RECEIPTS 8,939 0 0 0 215 41205 TAX INCREMENT RECEIPTS 0 0 171,693 294,136 225 41205 TAX INCREMENT RECEIPTS 425,194 426,801 403,115 465,223 229 41205 TAX INCREMENT RECEIPTS 4,376 4,889 0 0 231 41205 TAX INCREMENT RECEIPTS 5,213 17,718 15,030 18,555 240 41205 TAX INCREMENT RECEIPTS 5,437,378 6,291,523 5,740,003 6,548,168 243 41205 TAX INCREMENT RECEIPTS 25,757 25,941 3,268 1,019 41 - TAXES 9,140,254 10,398,216 9,866,823 11,112,649 241 43105 INTEREST, LOANS 57,114 52,300 92,304 0 210 43110 INVESTMENT EARNINGS 15,601 15,619 0 0 225 43110 INVESTMENT EARNINGS 1,184 1,672 0 0 240 43110 INVESTMENT EARNINGS 103,326 111,681 0 0 241 43110 INVESTMENT EARNINGS 5,527 6,440 0 0 243 43110 INVESTMENT EARNINGS 237 379 0 0 100 43242 RENT, FARM LAND 1,462 1,755 0 0 241 43405 PRINCIPAL, LOANS 103,208 116,806 107,388 0 265 43405 PRINCIPAL, LOANS 6,667 0 0 0 43 - USE OF MONEYAND PROPERTY 294,326 306,653 199,692 0 400 44100 BAB SUBSIDY NON GRANT 25,231 24,393 0 24,393 44 - INTERGOVERMENTAL 25,231 24,393 0 24,393 210 45787 I & C PROPERTY TAX REPLAC 0 187,732 0 399,178 225 45787 I & C PROPERTY TAX REPLAC 0 20,769 0 50,828 240 45787 I & C PROPERTY TAX REPLAC 0 91,702 0 279,750 45 -STATE GRANTS 0 300,203 0 729,756 100 51919 DBQ INITIATIVES PAYMENT 20,400 20,400 24,400 24,400 51 - CHARGES FOR SERVICES 20,400 20,400 24,400 24,400 240 53102 PRIVATE PARTICIPANT 74,352 127,021 0 0 100 53610 INSURANCE CLAIMS 0 375 0 0 100 53620 REIMBURSEMENTS -GENERAL 860 1,947 0 0 53- MISCELLANEOUS 75,212 129,343 0 0 100 54105 LAND SALES 1 0 0 0 54 - OTHER FINANCING SOURCES 1 0 0 0 240 59100 FR GENERAL 0 218,808 78,242 0 400 59100 FR GENERAL 0 0 0 135,000 100 59210 FR DICW TIF 5,012 291,295 228,592 270,613 240 59210 FR DICW TIF 0 5,075 0 0 400 59210 FR DICW TIF 1,775,368 1,807,678 1,872,451 1,849,037 240 59212 FR TIF QUEBECOR 0 29,108 0 0 100 59215 TRANSFER FROM N CASCADE 0 5,550 0 0 400 59215 TRANSFER FROM N CASCADE 0 0 46,602 0 100 59225 FR TECH PARK SOUTH 3,240 3,956 0 0 -140- Recommended Operating Revenue Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund Account Account Title FY14 Actual FY15 Actual FY16 Adopted FY17 Recomm'd 240 59230 FR TIF E 7TH Revenue Revenue Budget Budget 400 59225 FR TECH PARK SOUTH 210,482 262,020 266,000 269,250 240 59230 FR TIF E 7TH 0 0 0 0 100 59240 FR DOWNTOWN TIF 48,910 4,690 50,000 5,272 230 59240 FR DOWNTOWN TIF 0 6,226 0 0 400 59240 FR DOWNTOWN TIF 1,288,133 1,551,840 1,611,961 1,597,605 100 59360 FR GENERAL CONSTR FUND 267,613 0 0 0 210 59360 FR GENERAL CONSTR FUND 0 1,283,321 248,592 0 240 59360 FR GENERAL CONSTR FUND 0 143,331 0 0 210 59400 FR GO DEBT SERVICE 0 24,393 0 0 100 59610 FR WPC OPERATING 57,384 106,232 53,652 113,076 100 59620 FR STORMWATER OPERATING 2,211 21,063 37,447 36,023 100 59630 FR PARKING OPERATING 10,161 18,858 19,320 18,585 240 59630 FR PARKING OPERATING 0 46,288 0 0 100 59640 FR WATER UTILITY 55,389 103,146 0 0 100 59670 FR REFUSE COLLECTION 77,644 137,509 145,524 139,988 100 59940 FR DMASWA 32,909 59,626 59,781 57,507 59 - TRANSFER IN AND INTERNAL 3,834,457 6,130,013 4,718,164 4,491,956 60- ECONOMIC DEVELOPMENT TOTAL 13,389,881 17,309,220 14,809,079 16,383,154 -141- Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund Account Account Title FY14 Actual FY15 Actual FY16 Adopted FY 17 Recomm'd 100 61020 PART-TIME EMPLOYEES Expense Expense Budget Budget 100 61010 FULL-TIME EMPLOYEES 216,378 190,557 159,191 163,970 100 61020 PART-TIME EMPLOYEES 9,450 4,640 46,817 43,208 100 61030 SEASONAL EMPLOYEES 5,710 23,702 0 0 100 61050 OVERTIME PAY 6,952 1,176 0 0 100 61092 VACATION PAYOFF 13,416 1,901 0 0 100 61310 IPERS 21,297 19,608 18,397 18,502 100 61320 SOCIAL SECURITY 18,933 16,109 15,760 15,850 100 61410 HEALTH INSURANCE 59,206 57,120 24,960 31,800 100 61415 WORKMENS' COMPENSATION 1,442 1,482 1,032 1,001 100 61416 LIFE INSURANCE 196 170 319 327 100 61660 EMPLOYEE PHYSICALS 236 122 0 0 100 61680 EMPLOYEE MOVING EXPENSE 5,903 0 0 0 61 - WAGES AND BENEFITS 359,118 316,585 266,476 274,658 100 62010 OFFICE SUPPLIES 1,005 381 1,112 1,112 100 62030 POSTAGE AND SHIPPING 588 329 617 718 100 62061 DP EQUIP. MAINT CONTRACTS 13,272 15,764 17,733 18,316 100 62090 PRINTING & BINDING 389 86 912 912 100 62110 COPYING/REPRODUCTION 5,290 1,085 3,703 1,257 100 62130 LEGAL NOTICES & ADS 1,306 1,506 520 978 100 62170 SUBSCRIPTIONS -BOOKS -MAPS 417 0 0 0 100 62190 DUES & MEMBERSHIPS 905 605 1,425 1,425 241 62204 REFUNDS 0 225 0 0 100 62206 PROPERTY INSURANCE 7,284 8,520 9,116 8,897 100 62208 GENERAL LIABILITY INSURAN 1,607 1,605 2,137 1,121 100 62211 PROPERTYTAX 29,602 684 30,248 1,000 100 62230 COURT COSTS & RECORD FEES 22 304 0 0 100 62310 TRAVEL -CONFERENCES 7,468 21,735 16,925 16,925 100 62320 TRAVEL -CITY BUSINESS 42,727 13,018 34,197 34,200 100 62340 MILEAGE/LOCALTRANSP 315 0 1,046 250 100 62360 EDUCATION &TRAINING 0 1,690 715 715 100 62415 UTILITY EXPENSE STORMWATR 212 256 212 272 100 62421 TELEPHONE 3,289 4,944 3,289 4,201 100 62436 RENTAL OF SPACE 1,766 1,136 932 1,008 100 62663 SOFTWARE LICENSE EXP 0 91 0 100 100 62713 LEGAL SERVICES 16,669 20,930 12,000 5,000 100 62716 CONSULTANT SERVICES 15,388 0 16,788 0 100 62731 MISCELLANEOUS SERVICES 30 0 0 0 100 62737 CONTRACT ADM SERVICE 1,426,843 1,450,235 1,610,754 1,668,934 100 62761 PAYTO OTHER AGENCY 37,949 36,476 35,000 35,000 210 62761 PAYTO OTHER AGENCY 1,817,952 1,711,534 1,870,565 1,863,304 215 62761 PAYTO OTHER AGENCY 0 0 0 45,517 225 62761 PAYTO OTHER AGENCY 190,866 188,535 213,095 213,882 229 62761 PAYTO OTHER AGENCY 0 11,484 0 0 230 62761 PAYTO OTHER AGENCY 6,226 0 0 0 -142- Recommended Operating Expenditure Budget - Department Total 60 - ECONOMIC DEVELOPMENT Fund Account Account Title FY14 Actual FY15 Actual FY16 Adopted FY 17 Recomm'd 240 62761 PAY TO OTHER AGENCY Expense Expense Budget Budget 231 62761 PAY TO OTHER AGENCY 0 16,245 13,942 10,896 240 62761 PAY TO OTHER AGENCY 1,322,355 1,713,560 1,354,007 1,471,112 243 62761 PAY TO OTHER AGENCY 17,953 13,505 0 0 265 62761 PAY TO OTHER AGENCY 105,000 0 0 0 100 62765 GRANTS 210,000 210,000 210,000 210,000 62 - SUPPLIES AND SERVICES 5,284,693 5,446,468 5,460,990 5,617,052 100 71123 SOFTWARE 0 512 0 0 100 72418 TELEPHONE RELATED 0 0 400 0 100 72421 HEADSETS 223 0 0 0 71 -EQUIPMENT 223 512 400 0 400 74111 PRINCIPAL PAYMENT 2,220,325 2,544,705 2,582,473 2,720,355 400 74112 INTEREST PAYMENT 1,078,889 1,101,225 1,214,541 1,154,930 74 - DEBT SERVICE 3,299,214 3,645,931 3,797,014 3,875,285 100 91100 TO GENERAL 6,000 6,000 6,000 6,000 210 91100 TO GENERAL 5,012 291,295 228,592 417,799 215 91100 TO GENERAL 0 5,550 0 0 225 91100 TO GENERAL 3,240 3,956 0 0 240 91100 TO GENERAL 183,614 4,690 184,704 139,976 400 91210 TO DICW 0 24,393 0 0 240 91230 TRANSFER TO E 7TH STRET 0 6,226 0 0 210 91240 TO GR DOWNTOWN TIF 0 5,075 0 0 212 91240 TO GR DOWNTOWN TIF 0 29,108 0 0 230 91240 TO GR DOWNTOWN TIF 0 0 0 0 210 91360 TO GENERAL CONSTRUCTION 0 0 0 452,260 215 91360 TO GENERAL CONSTRUCTION 0 0 38,246 663,202 240 91360 TO GENERAL CONSTRUCTION 0 143,331 0 1,146,510 210 91400 TO DEBT SERVICE 1,775,368 1,807,678 1,872,451 1,849,037 215 91400 TO DEBT SERVICE 0 0 46,602 13,439 225 91400 TO DEBT SERVICE 210,482 262,020 266,000 269,250 240 91400 TO DEBT SERVICE 4,200,305 4,456,528 4,513,305 4,532,877 240 91630 TO PARKING OPERATIONS 0 340,000 0 282,000 91 - TRANSFER TO 6,384,022 7,385,849 7,155,900 9,772,350 60 - ECONOMIC DEVELOPMENT TOTAL 15,327,270 16,795,345 16,680,780 19,539,345 -143- Recommended Expenditure Budget Report by Activity & Funding Sounce 60 - ECONOMIC DEVELOPMENT j COMM./ECON. DEV. ADMIN - 60100 FUNDING SOURCE: UDAG REPAYMENTS Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 105,000 0 0 0 COMM./ECON. DEV. ADMIN 105,000 0 0 0 N 0110 12x010101 D1 ATI W,1» 0 F1 FUNDING SOURCE: GENERAL Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 48,910 4,709 50,000 5,272 GDTIF ECON DEV EXPENSES 48,910 4,709 50,000 5,272 Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES ffTIF -DBQ INDUST CTR WEIF- 60210 45,517 TRANSFER TO 0 5,550 84,848 FUNDING SOURCE: TIF-METRIX/NORDSTROM N CASCADE HOUSING TIF 0 5,550 84,848 722,158 nw�TIF Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 1,817,952 1,711,534 1,870,565 1,863,304 TRANSFER TO 1,780,381 2,104,048 2,101,043 2,719,096 TIF -DBQ INDUST CTR WEST 3,598,333 3,815,582 3,971,608 4,582,400 TIF - QUEBECOR 483,132 - HOLY GHOST TIF - 60229 FUNDING SOURCE: TIF - QUEBECOR FUNDING SOURCE: TIF - HOLY GHOST Account Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget TRANSFER TO 0 29,108 0 0 TIF - QUEBECOR 0 29,108 0 0 N CASCADE HOUSING TIF - 60215 FUNDING SOURCE: N CASCADE HOUSING TIF Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 0 0 0 45,517 TRANSFER TO 0 5,550 84,848 676,641 N CASCADE HOUSING TIF 0 5,550 84,848 722,158 nw�TIF -TECH PARK SOUTH60225 FUNDING SOURCE: GENERAL Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 194,106 192,491 213,095 213,882 TRANSFER TO 213,722 265,976 266,000 269,250 TIF - TECH PARK SOUTH 407,828 458,467 479,095 483,132 - HOLY GHOST TIF - 60229 FUNDING SOURCE: TIF - HOLY GHOST Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 0 11,484 0 0 HOLY GHOST TIF 0 11,484 0 0 TIF -E. 7TH STREET -60230 FUNDING SOURCE: TIF -E. 7TH STREET -144- Recommended Expenditure Budget Report by Activity & Funding Sounce 60 - ECONOMIC DEVELOPMENT Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 6,226 0 0 0 TRANSFER TO 0 0 0 0 TIF -E. 7TH STREET 6,226 0 0 0 LAKE RIDGE TIF -60231 FUNDING SOURCE: TIF- LAKE RIDGE Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 0 16,245 13,942 10,896 LAKE RIDGE TIF 0 16,245 13,942 10,896 MF -GREATER DOWNTOWN -60240 FUNDING SOURCE: TIF -DOWNTOWN Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 1,322,355 1,713,560 1,354,007 1,471,112 TRANSFER TO 4,383,919 4,950,775 4,698,009 6,101,363 TIF -GREATER DOWNTOWN 5,706,274 6,664,335 6,052,016 7,572,475 TIF -GREATER DT LOAN POOL- 60241 FUNDING SOURCE: TIF -DOWNTOWN LOAN POOL Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 0 225 0 0 TIF -GREATER DT LOAN POOL 0 225 0 0 DBQ BREWING & MALTING TIF- 60243 FUNDING SOURCE: DBQ BREWING MALTING Account FY14 Actual FY15 Actual FY16 Adopted FY17 Recomm'd Expense Expense Budget Budget SUPPLIES AND SERVICES 17,953 13,505 0 0 DBQ BREWING & MALTING 17,953 13,505 0 0 TIF ECONOMIC DEVELOPMENT -60400 FUNDING SOURCE: DEBT SERVICE Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget DEBT SERVICE 0 0 0 135,000 ECONOMIC DEVELOPMENT 0 0 0 135,000 T = N CASCADE HOUSING TIF - 60550 FUNDING SOURCE: GENERAL Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 0 5,550 0 0 N CASCADE HOUSING TIF 0 5,550 0 0 DICW ECON DEV EXPENSES - 60600 FUNDING SOURCE: GENERAL Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget SUPPLIES AND SERVICES 5,012 2,778 5,000 0 DICW ECON DEV EXPENSES 5,012 2,778 5,000 0 -145- Recommended Expenditure Budget Report by Activity & Funding Sounce 60 - ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT -60700 FUNDING SOURCE: GENERAL Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget EQUIPMENT 223 512 400 0 SUPPLIES AND SERVICES 1,519,467 1,522,913 1,703,310 1,755,569 TRANSFER TO 6,000 6,000 6,000 6,000 WAGES AND BENEFITS 261,969 250,608 238,741 246,319 ECONOMIC DEVELOPMENT 1,787,658 1,780,034 1,948,451 2,007,888 DEBT SERVICE WASHINGTON NEIGH DEVELOP - 60900 269,250 FUNDING SOURCE: GENERAL 210,482 262,020 266,000 269,250 Account FY14 Actual FY15 Actual FY16 Adopted FY17 Recomm'd FUNDING SOURCE: DEBT Expense Expense Budget Budget SUPPLIES AND SERVICES 3,228 1,331 0 0 WAGES AND BENEFITS 75,581 60,836 0 0 WASHINGTON NEIGH DEVELOP 78,809 62,166 0 0 GDTIF DEBT SERVICE - 6� FUNDING SOURCE: DEBT SERVICE Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget DEBT SERVICE 1,288,133 1,551,840 1,611,961 1,597,605 GDTIF DEBT SERVICE 1,288,133 1,551,840 1,611,961 1,597,605 MINEEMEN HOUSING TIF DEBT -60915 FUNDING SOURCE: DEBT SERVICE Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget DEBT SERVICE 0 0 46,602 0 HOUSING TIF DEBT 0 0 46,602 0 IFTECH PARK DEBT SERVICE -6 _ FUNDING SOURCE: DEBT SERVICE Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget DEBT SERVICE 210,482 262,020 266,000 269,250 TECH PARK DEBT SERVICE 210,482 262,020 266,000 269,250 D 60930 FUNDING SOURCE: DEBT SERVICE Account FY14 Actual Expense FY15 Actual Expense FY16 Adopted Budget FY17 Recomm'd Budget DEBT SERVICE 1,800,599 1,832,071 1,872,451 1,873,430 TRANSFER TO 0 24,393 0 0 DICW DEBT SERVICE 1,800,599 1,856,463 1,872,451 1,873,430 TTT ARTS AND CULTURAL AFF FUNDING SOURCE: GENERAL Account FY14 Actual FY15 Actual FY16 Adopted FY17 Recomm'd Expense Expense Budget Budget SUPPLIES AND SERVICES 244,484 250,144 251,071 251,500 WAGES AND BENEFITS 21,569 5,141 27,735 28,339 -146- Recommended Expenditure Budget Report by Activity & Funding Sounce 60 - ECONOMIC DEVELOPMENT Account ARTS AND CULTURAL AFFAIRS ECONOMIC DEVELOPMENT TOTAL FY14 Actual Expense 266,053 $15,327,270.21, FY15 Actual Expense 255,285 $16,795,345.41 -147- FY16 Adopted Budget 278,806 $16,680,780.00 FY17 Recomm'd Budget 279,839 $19,539,345.00 CITY OF DUBUQUE, IOWA DEPARTMENT DETAIL- PERSONNEL COMPLEMENT 60 ECONOMIC DEVEL DEPT Em FY 2015 FY 2016 FY 2017 FD JC WP -GR JOBCLASS FTE BUDGET FTE BUDGET FTE BUDGET 61010 Full Time Employee Expense 100 5900 GE -43 ECONOMIC DEVELOP DIRECTOR 1.00 100,095 1.00 111,759 1.00 114,172 100 5600 GE -36 ASST. ECONOMIC DEVELOP DIR 1.00 76,812 0.00 0 0.00 0 100 GE -30 PROJECT MANAGER 0.00 0 1.00 47,432 1.00 49,798 100 GE -30 ECONOMIC DEVELOP COORDINATOR 1.00 48,872 0.00 0 0.00 0 100 0225 GE -25 CONFIDENTIAL ACCOUNT CLERK 1.00 38,169 0.00 0 0.00 0 TOTAL FULL TIME EMPLOYEES 4.00 263,949 2.00 159,191 2.00 163,970 61020 Part Time Employee Expense 100 225 GE -25 CONFIDENTIAL ACCOUNT CLERK 0.00 0 0.50 23,101 0.50 18,481 100 1210 GE -30 ARTS & CULTURAL AFFAIRS COORD 0.50 29,177 0.50 23,716 0.50 24,231 TOTAL PART TIME EMPLOYEES 0.50 29,177 1.00 46,817 1.00 42,712 TOTAL ECONOMIC DEVEL DEPT 4.50 293,126 3.00 206,008 3.00 206,682 Em CITY OF DUBUQUE, IOWA ACTIVITY PERSONNEL COMPLEMENT SUMMARY FY 2015 FY 2016 ACCT FD JC WP -GR POSITION CLASS FTE BUDGET FTE BUDGET Run Date. 01/22/16 FY 2017 FTE BUDGET Economic Development -FT General Fund 10060700 61010 100 5900 GE -43 ECONOMIC DEVELOP DIRECTOR 1.00 100,095 1.00 111,759 1.00 114,172 10060700 61010 100 5600 GE -36 ASST. ECONOMIC DEVELOP DIRE 1.00 76,812 0.00 0 0.00 0 10060700 61010 100 2075 GE -30 PROJECT MANAGER 0.00 0 1.00 47,432 1.00 49,798 10060700 61010 100 0225 GE -25 ACCOUNT CLERK CONFIDENT 1.00 38,169 0.00 0 0.00 0 Total 3.00 215,076 2.00 159,191 2.00 163,970 Washington Neighborhood - FT General Fund 10060900 61010 100 2075 GE -30 ECONOMIC DEVELOP COORDINA 1.00 48,872 0.00 0 0.00 0 Total 1.00 48,872 0.00 0 0.00 0 Economic Development -PT General Fund 10060700 61020 100 225 GE -25 ACCOUNT CLERK CONFIDENT 0.00 0 0.50 23,101 0.50 18,481 0.00 0 0.50 23,101 0.50 18,481 Arts and Cultural Affairs - PT General Fund 10072500 61020 100 1210 GE -30 ARTS & CULTURAL AFFAIRS COO 0.50 29,177 0.50 23,716 0.50 24,231 Total 0.50 29,177 0.50 23,716 0.50 24,231 TOTAL ECONOMIC DEV. DEPT 4.50 293,126 3.00 206,008 3.00 206,682 -149- Capital Improvement Projects by Department/ Division ECONOMIC DEVELOPMENT CIP Capital Improvement Project FY 14 Actual FY 15 Actual FY 16 Adopted FY 17 Recomm'd Number Title Expense Expense Budget Budget 1002279 IFA DT HOUSING LOAN POOL 135,000 135,000 0 135,000 1002567 DT BROWNFIELDS ASSESSMENT 2,412 40,036 0 0 1002567H DT BROWNFIELDS ASSESSMENT 2,414 40,795 0 0 2411033 LOAN POOL, DOWNTOWN TIF 0 302,186 0 0 2411942 DOWNTOWN REHAB GRANT 4,578 55,000 0 0 FROG 2602635 BRAZEN (HARVEST KITCHEN) 0 0 0 0 2602636 MICROENTERPRISE ASSIST 0 0 0 0 2632341 CDBG GRANT - CARADCO 14,597 2,235,208 0 0 2651246 JOB CREATION 0 0 0 0 2651247 HISTORIC PRES. REV. LOAN 105 27,621 9,270 9,270 2651796 AIRPORT REVENUE GUARANTEE 0 0 0 0 3502680 ECON DEV SOFTWARE 0 0 0 20,000 3601842 WORKFORCE DEVELOPMENT 310,000 310,000 310,000 310,000 3602160 DESIGN SOUTH SIEGERT FARM 1,547,515 112,483 0 0 3602267 DOWNTOWN HOUSING INCENT 40,000 0 0 0 3602436 WASH NEIGH BUSINESS INCEN 107,854 68,741 0 0 3602437 FUTURE IND ACQUISITIONS 2,061 2,136,203 0 0 3602438 WASH NEIGH DT INCENT 67,037 0 0 0 3602439 MILLWORK DT INCENTIVES 0 760,000 0 0 3602562 DT HOUSING STUDY 0 0 0 0 3602679 CENTRAL AVE COORIDOR INIT 0 0 0 40,000 7001853 ART IN PORT OF DUBUQUE 32,160 23,590 0 0 �C DEVELOPMENT TOTAL 2,265,732 319,270 514,270 -150- City of Dubuque Recommended Capital Improvement Program Summary Fiscal Year 2017-2021 PROGRAM/DEPT PROJECT DESCRIPTION SOURCE OF FUNDS FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 TOTAL PAGE ECONOMIC DEVELOPMENT Community and Economic Development Workforce Development General Fund,DICW $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ 310,000 $ 1,550,000 315 (Land Sales) Central Avenue Corridor Initiative - Greater Downtown TIF $ 40,000 $ - $ - $ - $ - $ 40,000 316 Pilot Economic Development Software- Sales Tax Fund (20%) $ 20,000 $ - $ - $ - $ - $ 20,000 318 Efficiency Improvements Historic Preservation Revolving UDAG Loan Repayments $ 9,270 $ 9,270 $ 9,270 $ 9,270 $ 9,270 $ 46,350 319 Loan Fund Central Avenue Streetscape Master Greater Downtown TIF $ - $ 10,000 $ 10,000 $ - $ 10,000 $ 30,000 320 Plan Implementation Washington Neighborhood Greater Downtown TIF $ - $ - $ 300,000 $ 30,000 $ 30,000 $ 360,000 321 Subarea (Includes BluffVVest Locust) Building Incentive & Rehabilitation Program Washington Neighborhood Fagade Greater Downtown $ - $ - $ 100,000 $ 35,000 $ 35,000 $ 170,000 323 Program TIF,GO Borrovdng (GDTIF) Dubuque Industnal Center South Dbq Ind Ctr West TIF $ - $ - $ 50,000 $ 50,000 $ - $ 100,000 325 Signs Downtown Housing Improvement Greater Downtown TIF $ - $ - $ 50,000 $ 50,000 $ 50,000 $ 150,000 326 Program Historic Millwork District Subarea Greater Downtown TIF $ - $ - $ 30,000 $ 30,000 $ 750,000 $ 810,000 328 Building Incentive & Rehabilitation Program Downtown Rehabilitation Loan Greater Downtown $ - $ - $ - $ 300,000 $ - $ 300,000 330 Program TIF,Loan Repayments Downtown Housing Creation Greater Downtown $ - $ - $ - $ - $ 10,000 $ 10,000 332 Program TIF,GO Borrovdng (GDTIF) Total - Economic Development Department $ 379,270 $ 329,270 $ 859,270 $ 814,270 $ 1,204,270 $ 3,586,350 -151- Economic Development FY 2016 REVIEW & FY 2017 BUDGET Economic Development Umbrella Economic Development Transit -”The Jule” Parking Division Arts & Culture Economic Development Umbrella Brownfield Assessment & Redevelopment Economic Development Umbrella Downtown Revitalization Economic Development Programs/Administration Urban Renewal Urban Revitalization Tax Increment Financing (TIF) Downtown Rehabilitation Grants Downtown Housing Incentives EPA Brownfield Assessment Grant Program EPA Brownfield Planning Grant Economic Development Programs/Administration [Continued] Lease Management Development Agreements Arts & Culture Programming Façade Loan Programming Housing Urban Renewal (Tax Increment Financing) Economic Development Programs/Administration [Continued] Tax Increment Financing (TIF) Rebates Captures the increased property taxes a property owner pays after improving their property, and provides a rebate back Downtown Rehabilitation Program Provides low-interest loan and grant opportunities for rehabilitation projects within the Greater Downtown Urban Renewal District Downtown Housing Incentive Incentive program for the creation of market-rate downtown multi-family residential units State of Iowa Programs High Quality Jobs Provides qualifying businesses tax credits and direct financial assistance to off-set the cost incurred to locate, expand or modernize an Iowa facility. Iowa Industrial New Jobs Training (260E) Provides businesses, which are expanding their Iowa workforce, with new employee training –administered by NICC in Dubuque. Revitalize Iowa Sound Economy (RISE): Provides assistance in promoting economic development in Iowa through the construction or improvement of Iowa roads. State of Iowa Programs Brownfield Tax Credit Brownfield sites are abandoned, idled or underutilized industrial or commercial properties where real or perceived environmental contamination prevents productive expansion or redevelopment Grayfield Tax Credit Grayfield sites are industrial/commercial properties that are vacant, blighted, obsolete or underutilized State Historic Tax Credit (SHTC): Tax credit equal to 25% of qualified historic preservation expenses. Federal Programs New Markets Tax Credits (NMTC): Tax incentive provided to private investors that infuse capital into businesses or projects in low-income communities. Federal Historic Tax Credit (FHTC): Tax credit equal to 20% of qualified historic preservation expenses. Tech Park Updates Rockfarm Development Agreement $1,750,000 Investment 48 Jobs Tech Park Updates Kunkel & Associates Expansion $1,345,000 Investment 10 New Jobs Industrial Center West/South Development of Industrial Center South, Tri-State Quality Metals, Theisen Expansion, & Roasting Solutions, LLC Industrial Center West/South Roasting Solutions Industrial Center West/South Roasting Solutions Industrial Center West/South Roasting Solutions Industrial Center West/South Before purchase of Graf and McFadden Farms… Only 12 of 53 lots remained for sale/development Dubuque Industrial Center Economic Development District McFadden Graf Industrial Park Land Purchases Property Total Acres Total Price Price per Acre Developabl e Acres Yield Percentage Purchase Price per Developable Acre Development Costs Combine Purchase Price & Development Costs Purchase Price & Development Cost per Developable Acre Graf Farm 166.3 $2,078,570 $12,500 80 48%$25,982 $7,400,000 $9,478,570 $118,482 McFadden Family Partnership 124.7 2 $2,120,240 $17,000 84 67%$25,241 $6,000,000 $8,120,240 $96,670 McFadden Properties, LLP 36.5 $1,350,500 $37,000 32 88%$42,188 $1,900,000 $3,250,000 $101,563 Historic Millwork District Progress Historic Millwork District Progress Intermodal Transportation Facility July 2015/292 spaces Historic Millwork District Progress Intermodal Transportation Facility July 2015/292 spaces Historic Millwork District Progress Novelty Iron Works ◦June 2015/76 units ◦64 units leased to date Historic Millwork District Progress Linseed Oil Building ◦July 2015/16 units Downtown Façade & Rehabilitation Projects 11th & White Streets Before…After… Downtown Façade & Rehabilitation Projects Hendricks Feed Before…After… New Housing Urban Renewal Areas – English Ridge New Housing Urban Renewal Areas – North Cascade Road Housing Urban Renewal Increment Uses Storm sewer, drainage improvements Telecommunications Off-site: grading , road construction Off-site: traffic, safety improvements Off-site: water main extension Community-wide: 38.1% or more of increment dedicated to Low-and Moderate-Income Housing programs Central Avenue Corridor Provide targeted community engagement opportunities: Resident Business Non-profit City staff in the Central Ave Corridor and Washington Neighborhood to set the stage for community design processes. Organization of a MBE/WBE entrepreneurship summit and other activities to support these economic opportunities. Brownfield Assessment –creating an atmosphere for redevelopment-Progress to Date EPA Grant of $400,000 ◦$200,000 for Hazardous ◦$200,000 for Petroleum HR Green & ECIA Community Engagement Meetings to help develop priority property list EPA Planning Grant will continue the work Have applied for EPA Cleanup Grant Brownfield Assessment Haz 7 Phase I's completed (of 9) 1 Phase II completed (of 5) Petro 5 Phase I's completed (of 9) 1 Phase II completed (of 5) We have more than enough properties identified in order to complete the remaining reports needed under each grant.These have been prioritized following a community engagement team meeting. Brownfields Area-Wide Planning Grant South Port Brownfields Area-Wide Planning Grant [South Port] Proposed activities include: Community input on the revitalization A market analysis to identify the prospects for mixed-use redevelopment in the South Port An infrastructure needs assessment An area-wide land use plan that considers cleanup strategies A detailed implementation strategy Ongoing community outreach to both residents and potential redevelopers/investors Arts &Culture Master Plan May-July 2015 Phase 1 This phase was completed by examining: •Background information •Outcomes of Priority Setting with City staff •Outcomes of Visioning Workshop and arts community & thought leaders •Contextual and best practice •Public art •Performing arts facilities Major areas for further exploration City •Arts staff (0.5FTE) is insufficient to administer responsibilities •Role of Arts and Cultural Advisory Commission Capacity •Performing arts capacity •Sustainability of current model Collection •Public art collection •Policy governing procedure Creative industry •Role of diverse, creative for-profit ventures •Role of the artist in Dubuque’s creative economy July –October 2015 Phase 2 Public engagement process consisted of workshops among the following groups: •Local artists, arts administrators, non-profits •Local media •Arts and Cultural Advisory commission •Inclusive Dubuque •Cultural groups •Veterans •Local Business •Transportation (Jule, Airport) •Transportation (Jule, Airport) •University (administration and faculty) •CVB •Online survey •General public Public engagement – Key Findings to Inform Final Master Plan KEY FINDINGS •Availability and Accessibility •Functionality •Engagement •Sustainability NEEDS AND OPPORTUNITIES Talent Nurturing –Cultivating creativity ,participation, education Talent Attraction and Retention-Promoting local cultural assets Communication & coordination -communication = collaboration Generating public engagement –Deepen engagement with public & donors Capacity building –Strengthening organizational & personnel capacity to succeed Funding –Increasing city funding & diversifying funding mechanisms Business & the Arts –Building stronger connections between business & arts Implementation –cultivating resources and relationships for success Arts and Cultural Master Plan 2016 Phase 3 MASTER PLAN NEXT STEPS Master Plan Delivery Implementation Workshop Town Hall Meeting FOCUS FOR 2016 •Community understanding and participation •Implementing Master Plan •Develop in 4 major categories •Youth engagement •Commission development •Community outreach •Communication update and expansion Workforce Challenge Over the next 10 years in the Dubuque region… ◦Employment opportunities will be rising by 11.3% ◦Working age population (age 20-69) is projected to decline by 4% In order to provide the workforce our local businesses need to succeed, we need to: Recruit, Relocate, Train, & Retain workforce ◦Home Base Iowa Designation –Greater Dubuque Development outreach ◦Graduate Retention –Chamber of Commerce outreach New Initiatives New Initiatives –Business Outreach Communicate the Purpose of Economic Development, Develop & Strengthen Partnerships ◦Work with organizations that bring together business owners from a specific area to network and share information and discuss judicious use of limited resources ◦Hand up, not a hand out –relatively small incentives can create big results by assisting interested Business in the facilitation of creating associations. Coordination of current Business Associations (West End, Downtown) to create networks New Initiatives –Retail Focus Promotion of Storefront space in Central Avenue Corridor Retail Gap Analysis ◦A summary of primary spending gaps, by retail category ◦Measures actual consumer expenditures in trade area, compares to potential retail revenue –the difference reflects “leakages”, folks traveling for certain goods/services ◦Useful tool to gauge retail supply & demand in the community New Initiatives –Start-Up Dubuque Create & foster an entrepreneurial environment in Greater Dubuque area Promote one-stop shop for entrepreneurs under River Valley Initiatives Foundation: ◦Small Business Development Center ◦NICC ◦Dubuque SCORE Chapter ◦ECIA Business Growth Quarterly meetings –GDDC & neighborhood business owners to discuss needs, concerns Over-the-Year Change in Unemployment Rates for Metropolitan Areas From December, 2104 to December, 2015 Dubuque unemployment rate decreased from 4.2% to 3.7%. At the same time, the nation’s unemployment rate was 5.0%. Operations CIP (FY17 –FY21) 2017-2021 Beyond 2021 Downtown Rehabilitation Loan Program $300,000 $1,500,000 Historic Millwork District Subarea Building Incentive $750,000 & Rehabilitation Program Washington Neighborhood Subarea Building Incentive $350,000 & Rehabilitation Program Washington Neighborhood Façade Program $100,000 Downtown Housing Creation Program $100,000 Central Avenue Streetscape Master Plan Implementation $50,000 CIP (FY17 –FY21) Central Avenue Corridor Initiative –Pilot $40,000 Economic Development Software –Efficiency Improvements $20,000 Dubuque Industrial Center South –Signs $100,000 Tax Increment Financing (TIF) Upcoming Increase in Tax Revenue from TIF Districts Day-to -Day Operations Manage Development Agreements with annual job certification, coordination with Budget Office on semi-annual TIF rebate payments Assets of 49 active portfolios: 2,852 retained jobs 4,208 created jobs 297 downtown residential units complete 70 affordable assisted living units Over $355,487,483 capital investment leveraged Day-to -Day Operations •Dubuque Initiatives staff support (monthly/semi-monthly board meetings, coordination on NMTC compliance, asset management) •Legislative/Policy review (coordination with Government Liaison on Tax Increment Financing, Historic Tax Credit, Workforce Housing, Small Business issues) •Urban Renewal Development/Amendments (maintain state/local compliance, amend areas as needed for City goals) •EPA Brownfields Grant Administration (currently $600,000 in grants) Contracted Services DBQ Convention & Visitors Bureau $1,018,206 DBQ Area Labor Management Council $27,000 DBQ Main Street $66,848 Greater Dubuque Development Corporation $627,592 Prosperity Eastern Iowa $5,085 America’s River Festival $10,000 Inclusive Dubuque (Community Foundation)$67,500 Project HOPE (Community Foundation) $67,500 Economic Results Average hourly wage for Dubuque: •Increased Hourly Wages $18.00 (2007) $24.76 (2015) Unemployment rate for Dubuque: •Low Unemployment December 2015: Dubuque was 3.7%, while nation’s was 5.0% Economic Results Property Tax Rate: •Dubuque has the SECOND LOWEST FY2016 property tax rate of Iowa’s 10 cities with populations over 50,000. •Highest-ranked city (Waterloo -$17.76) is 61% higher than Dubuque •Average ($15.38) is 40% higher than Dubuque Home value appreciation: Dubuque had 8.89%increase between December 2010-December 2015 Economic Results Economic Results Department Organizational Chart Director Project Coordinator PT Arts Coordinator PT Account Clerk Transit Manager Parking Supervisor Thank You THE ECONOMIC DEVELOPMENT DEPARTMENT