Marquette Hall Urban Revitalization Withdrawal of Petition Copyright 2014
City of Dubuque Consent Items # 30.
ITEM TITLE: Marquette Hall Urban Revitalization Withdrawal of Petition
SUMMARY: City Manager informing the City Council that the petition to
designate an Urban Revitalization Area for Marquette Hall
has been withdrawn.
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File
ATTACHMENTS:
Description Type
Marquette Hall Urban Revitalization Area Designation- City Manager Memo
MVM Memo
Staff Memo Staff Memo
2016 Low Income Housing Tax Credit Awards Supporting Documentation
THE CITY OF Dubuque
UBE I
erica .i
Masterpiece on the Mississippi 2007-2012-2013
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Withdrawal of Petition for Marquette Hall Urban Revitalization Area
Designation
DATE: April 12, 2016
Housing & Community Development Department Director Alvin Nash is informing the
City Council that the petition to designate an Urban Revitalization Area for Marquette
Hall has been withdrawn. The designation of the district was contingent upon an award
of Low Income Housing Tax Credits and the Iowa Finance Authority did not award the
credits for this project.
Mic ael C. Van Milligen
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
Alvin Nash, Housing & Community Development Department Director
THE CITY OF Dubuque
AII-Ame1 rica City
DUBgkE r
Masterpiece on the Mississippi 2007.2012.2013
TO: Michael Van Milligen, City Manager
FROM: Alvin Nash, Housing & Community Development Director
DATE: April 11, 2016
RE: Withdrawal of Petition for Marquette Hall Urban Revitalization Area
Designation
Introduction
This memorandum is to inform City Council the petition to designate an Urban
Revitalization Area for Marquette Hall has been withdrawn.
Background
The Marquette Hall Urban Revitalization Area District plan was provided to City Council
on January 19th, 2016. At that meeting, the City Council adopted a resolution stating
the area was eligible for designation and setting a public hearing for March 7, 2016 on
the Marquette Hall Urban Revitalization Plan. The plan provides for a ten-year one
hundred percent tax abatement for the redevelopment of the former Sacred Heart
Elementary School, located at 2222 Queen Street, into 28 historic and affordable senior
apartments.
The designation of the district was contingent upon an award of Low Income Housing
Tax Credits. The Iowa Finance Authority did not award 2016 Low Income Tax Credits
for this project and subsequently the petition for the district has been withdrawn.
Requested Action
Receive and file.
Prepared by: Erica Haugen, Community Development Specialist
IOWA FINANCE
p.mH01I3r
2016 Low Income Housing Tax Credit Awards
9%AWARDS
Project Project Name Address City County Occupant, Project type Number Low Market Total Set-Aside Credit Credit Developer Name Developer Development Dev.
Number Type of Income Rate Units Requested Approved Phone Consultant Consultant
Buildings UnitsUnits Name Phone
16-0] The Brickstones at Rivemend 513 Forest Dec Moines Polk Older New 1 27 3 30 Nonprofit $456,296 $456,296 Anawim 515-244-8308 N/A N/A
Persons 55+ Construction
16-06 Corinthian Gardens 1011 University Avenue Dec Moines Polk Older Acq/Rehab 1 75 0 75 Nonprofit $748,246 $748,246 Corinthian Gardens,Inc.,Newbury 515-280-3531, The Rafferty 515314-9462
Persons 62+ Management Company d/b/a 5154909001 Group
Newbury living
16-2] Steamboat Landing 420 S.4th Street Burlington Dec Moines Family Acq/Rehab 18 75 0 75 Preservation $683,152 $683,152 Millennia Housing Development, 216-520-1250 N/A N/A
td.
16-02 Bluff Towers Aparmori 38 Pearl Street Council Bluffs Pottawattamie Older Acq/Rehab 1 70 0 70 Preservation $652,700 $652,I00Knud5on Development Company ]12-328-2222 Corbett 602525-
Person562+ LLC Conulting,LLC 470516 03
16-03 Wildcat Meadow Springs 710 South Ankeny Blvd Ankeny Polk Older New 1 43 5 48 Senior $576,682 $575,940 MBL Development Company, 816-569-6420, Anawim,d.b.a. 515244-8308
Persons 55+ Construction Zimmerman Properties,LLC 412-883-1632 Anawim
Housing
16-12 Coral Ridge Apartments 91520th Avenue Coralville Johnson Older New 1 50 6 56 Senior $800,000 $800,000 St.Michael Development Group, 320-202-3100 Anchor Housing 815540-4233
Persons 55+ Construction LLC Development,
LLC
16-30 4th Avenue Lofts 2142384th Avenue N Clinton Clinton Family New 1 43 5 48 Rural $211,856 $206,021 MV Residential Development LLC, 513-024-8400, N/A N/A
Construction St.Mary Development Corporation 932-222-8149
16-14 Harrison lofts 1216 Bandag Avenue Muscatine Muscatine Family New 1 52 0 52 Rural $262,292 $262,022 MV Residential Development LLC, 513-024-8400, N/A N/A
Construction St.Mary Development Corporation 932-222-8149
16-24 Diamond Senior Apartments of 1030 William Street Iowa City Johnson Older New 1 36 4 40 $562,432 $562,4323 Diamond Development LLC 842-622-0206 Gghtengale 312920-1500
Iowa City Persons 55+ Construction Group
16-01 Applewood IV 3225 Penn sylvani a Avenue Dubuque Dubuque Older New 1 54 6 60 $625,005 $620,353 Horizon Development Group,Inc., 608-354-0900, N/A N/A
Persons 55+ Construction Midwest Affordable Housing 414-588-2221
Corporm on
16-19 Paragon Square 2901 Central Avenue TuqUe
Dubuque 101der Adaptive 2 24 3 22 $244,965 $244,930Frantz Community Investors 319-390-0113 Anawim 515224-8308
Per5on55b Reuse Housing
9%TOTAL 11 Projects 29 549 32 581 $6,879,II6 $6,862,142
As Is A16