Downtown Urban Renewal DisMEMORANDUM
March 25, 2002
TO:
FROM:
SUBJECT:
The Honorable Mayor and City Council Members
Michael C. Van Milligen, City Manager
Downtown Dubuque Urban Renewal District
Economic Development Director Bill Baum recommends adoption of the Amended and
Restated Urban Renewal Plan to support reinvestment efforts in the Upper Main area,
and more specifically, the efforts to adaptively reuse the former Walsh Store property.
The historic renovation of that property, using economic development tools available in
the Downtown Dubuque Urban Renewal District, will provide 45 new jobs and a capital
investment of not less than $4 million.
He is further recommending approval of the expansion of the tax increment financing
area boundaries for the Downtown Dubuque Urban Renewal District. Tax increment
financing is an important tool for economic development and will be used to assist future
public and private development efforts in the downtown.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van Milligen
MCVM/jh
Attachment
CC:
Barry Lindahl, Corporation Counsel
Cindy Steinhauser, Assistant City Manager
William Baum, Economic Development Director
CITY OF DUBUQUE, IOWA
MEMORANDUM
March 21,2002
TO:
FROM:
SUBJECT:
Michael Van Milligen, City Manager
William Baum, Economic Development Director
Amended and Restated Urban Renewal Plan for the Downtown
Dubuque Urban Renewal District- Upper Main Subarea Expansion
Introduction
The purpose of this memorandum is to forward for City Council review and approval the
Amended and Restated Urban Renewal Plan for the Downtown Dubuque Urban
Renewal District which expands the district north to 14th Street. The Plan and
Resolution adopting the Plan are attached.
Background
On January 21, 2002, the City Council approved a Resolution of Necessity finding that
the proposed expansion area was an economic development area and appropriate for
urban renewal activities. Staff has prepared an amended urban renewal plan for the
area as per the directive of the City Council. The Plan was reviewed by the Long
Range Planning Commission on March 20, 2002. The Long Range Planning
Commission has forwarded its recommendation to the City Council affirming that the
Plan is consistent with the City's Comprehensive Plan for development.
A consultation process has been concluded with the affected taxing entities as required
by State Law. The required consultation with affected taxing bodies was held on March
14, 2002. No written objections or recommended changes to the proposed Plan were
received during the allowed comment period.
Discussion
The amendment expands the existing urban renewal district north to 14th Street,
following the current Locust Street and Central Avenue boundaries, to create a new
Upper Main Subarea. The subarea is designated as an 'economic development area'
and will have a twenty (20) year life. No private property has been designated for public
acquisition. Text changes in the attached plan have been highlighted to allow easy
review of the proposed changes.
The expansion supports the planned rehabilitation of the former Walsh Store property
by Heartland Financial USA. Inclusion in the district allows the Walsh Store project to
access the existing Downtown Rehabilitation Loan Program and tax increment
financing. These two economic development tools are instrumental to the project's
success.
The expansion also supports the efforts of the Vision Downtown plan to provide
incentives for reinvestment and new housing opportunities in the downtown area.
Private development in the district would have access to the Downtown Rehabilitation
Loan Program
Recommendation
I recommend that the attached Amended and Restated Urban Renewal Plan be
adopted to support reinvestment efforts in the Upper Main area, and more specifically,
the efforts to adaptively reuse the former Walsh Store property. The historic renovation
of that property, using economic development tools available in the Downtown Dubuque
Urban Renewal District, will provide 45 new jobs and a capital investment of not less
than $4 million.
Action Step
The Action Step for the City Council is to adopt the attached Resolution.
attachments
Prepared by: Pamela Myhre
Economic Development Planner
F:\USERS\Pm~re\WPDOCS\U R~DOWNTOWN\02adopt.mem-doc
RESOLUTION NO. 187-02
A RESOLUTION APPROVING THE AMENDED AND RESTATED URBAN RENEWAL
PLAN FOR THE DOWNTOWN DUBUQUE URBAN RENEWAL DISTRICT.
Whereas, on January 21, 2002, the City Council of the City of Dubuque, Iowa
authorized the preparation of an Amended and Restated Urban Renewal Plan (the "Plan")
for the Downtown Dubuque Urban Renewal District (the "District"); and
Whereas, the City of Dubuque's pdmary objective in amending this Plan is to
provide opportunities for further redevelopment and reinvestment in the downtown; and .
Whereas, the Long Range Planning Commission has reviewed the proposed
Plan and has found that said document is consistent with the Comprehensive Plan for
the development of the City of Dubuque as a whole and has transmitted its findings to
the City Council; and
Whereas, a consultation process has been undertaken with affected taxing
entities in accordance with Chapter 403 of the Code of Iowa with no written objections
or recommended changes to the Plan received; and
Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa,
has held a public hearing on the proposed amended and restated Plan after public
notice thereof,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the Amended and Restated Urban Renewal Plan for the
Downtown Dubuque Urban Renewal District, attached hereto and made reference to
herein, be approved.
Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized
and directed to file a certified copy of the Resolution in the office of the Dubuque
County Recorder.
Passed, approved and adopted this 1st day of April, 2002.
Terrance M. Duggan, Mayor
Attest:
Jeanne F. Schneider City Clerk
F:\USERS~Pmyh re\WPDOCS\UR\DOWNTOWN~2adopt.res.doc
AMENDED and RESTATED
URBAN RENEWAL PLAN
Downtown Dubuque Urban Renewal District
City of Dubuque, Iowa
This Amended and Restated Urban Renewal Plan provides for
the expansion of the Downtown Urban Renewal Area Project
Number Iowa R-15, originally established by Resolution 123-67
by the City Council of the City of Dubuque, Iowa on May 18,
1967 and subsequently amended by Resolution 79-71 on
March 15, 1971, by Resolution 73-74 on March 11, 1974, by
Resolution 107-82 on May 3, 1982, by Resolution 191-84 on
June 25, 1984, by Resolution 371-93 on December 6, 1993, by
Resolution 145-94 on May 2, 1994, by Resolution 479-97 on
November 17, 1997, Resolution 476-98 on October 19,
1998
Prepared by the Economic Development Department
March 2002
TABLE OF CONTENTS
A. INTRODUCTION Page 1
B. OBJECTIVES Page 1
C. DISTRICT BOUNDARIES Page 2
1. TOWN CLOCK SUBAREA Page 2
2. OLD MAIN SUBAREA Page 2
3. UPPER MAIN SUBAREA Page 2
D. PUBLIC PURPOSE ACTIVITIES Page 3
E. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS Page 4
1. LAND USE Page 4
2. PLANNING AND DESIGN CRITERIA Page 5
F. LAND ACQUISITION AND DISPOSITION Page 7
G. RELOCATION REQUIREMENTS Page 8
H. FINANCING ACTIVITIES Page 8
I, STATE AND LOCAL REQUIREMENTS Page 10
J. DURATION OF APPROVED URBAN RENEWAL PLAN Page 11
K. SEVERABILITY Page 11
L. AMENDMENT OF APPROVED URBAN RENEWAL PLAN Page 11
M. ATTACHMENTS Page 11
A. INTRODUCTION
This AMENDED and RESTATED URBAN RENEWAL PLAN (the "Plan") has been
prepared to provide for the expansion and further conservation, rehabilitation,
development and redevelopment of the DOWNTOWN URBAN RENEWAL DISTRICT
PROJECT NUMBER IOWA R-15 (the "District") established by the City of Dubuque on
May 18, 1967. Its intent is to stimulate private investment within the expanded District
through the commitment of public actions as specified herein.
To achieve this objective, the City of Dubuque shall undertake the urban renewal
actions specified in this Plan, pursuant to the powers granted to it under Chapter 403 of
the Iowa Code, Urban Renewal Law.
This Plan is an amendment and restatement of the Downtown Urban Renewal District
Urban Renewal Plan adopted by Resolution 123-67 by the City Council of the City of
Dubuque, Iowa on May 18, 1967 and subsequently amended by Resolution 79-71 on
March 15, 1971, by Resolution 73-74 on March 11, 1974, by Resolution 107-82 on May
3, 1982, by Resolution 191-84 on June 25, 1984, by Resolution 371-93 on December 6,
1993, by Resolution 145-94 on May 2, 1994, by Resolution 479-97 on November 17,
1997, by Resolution 476-98 on October 19, 1998 and by Resolution __-02 on April
1, 2002.
This Plan shall serve as a new urban renewal plan for the expanded District described
herein. The Plan shall be viewed as a single plan for purposes of fulfilling the
objectives of the Plan.
B. OBJECTIVES OF THE PLAN
The primary OBJECTIVES of the Plan are:
The creation of a thriving central business district with a compatible mix of viable
commercial, financial, cultural and residential activity;
The conservation, restoration, renovation or rehabilitation of the historic and
architectural character of the Distdct through the establishment of design
standards to ensure cohesive and compatible development and redevelopment,
the use of appropriate construction techniques, the coordinated administration of
appropriate code enforcement efforts and the maximization of all available
financial and technical resources;
The creation of a safe, healthy and attractive physical environment through the
construction or installation of necessary infrastructure and other public
improvements or actions supportive of the District;
The creation of a safe, efficient, and attractive circulation system for both
pedestrian and vehicular traffic;
The development of additional and improved parking opportunities in the District
supportive of the businesses located within its boundaries and which
accommodate the needs of its residents;
The creation of financial incentives necessary to encourage private investment
and reinvestment in the District;
The creation of quality employment opportunities within the District; and
The expansion of the property tax base of the District.
C. DISTRICT BOUNDARIES
The District is located within the City of Dubuque, County of Dubuque, State of Iowa.
The City of Dubuque believes that the objectives of this Plan can best be accomplished
by defining the real property included within the District as three separate subareas:
the Town Clock subarea, the Old Main subarea and the Upper Main subarea. Despite
this subdivision of the district, this Plan shall be viewed as a single plan and shall be
applied to all subareas for purposes of fulfilling the objectives of the Plan.
The boundaries of each subarea are as follows:
The Town Clock Subarea of the District includes that area generally bounded on
the North by Ninth Street but also including the Iowa Inn property and the public
parking lot known as Parking Lot Number 1 located between 9th and 10th
Streets east of Iowa Street, on the West by Locust Street including City Lots 623
and 624 (Dubuque Museum of Art), on the South by Fourth Street, and on the
East by Central Avenue, including all public rights-of-way.
The Old Main Subarea of the District includes that area generally bounded on
the North by Fourth Street, on the West by Locust Street, on the South by the
Locust Street Connector and on the East by the U.S. Highway 151/61 right-of-
way, including all public rights-of-way.
The boundaries of the District and of the Town Clock, Old Main and Upper Main
subareas are delineated on the URBAN RENEWAL DISTRICT map (Attachment A).
2
The City of Dubuque reserves the right to modify the boundaries of the District at some
future date. Any amendments to the Plan will be completed in accordance with Chapter
403 of the Iowa Code, Urban Renewal Law.
D. PUBLIC PURPOSE ACTIVITIES
To meet the OBJECTIVES of this Plan, the City of Dubuque is prepared to initiate and
support development and redevelopment of the District through the following PUBLIC
PURPOSE ACTIVITIES:
Provision of technical support to property owners, businesses and
organizations in support and furtherance of the Plan;
Use of tax increment financing, loans, grants and other appropriate
financial tools in support of eligible public and private conservation,
preservation, development and redevelopment efforts including but not
limited to necessary planning functions, studies supportive of the
objectives of the Plan, the adaptive re-use of existing structures and code
compliance;
Preparation of property for conservation, preservation, rehabilitation,
development and redevelopment purposes, including but not limited to
activities such as appraisals and architectural and engineering studies;
Development and implementation of a program for the repair, restoration,
and renovation of historic buildings and related improvements;
Enforcement of applicable local, state and federal laws, codes and
regulations;
6, Coordination of the clean-up and landscaping of public rights-of-ways;
Im installation, construction and reconstruction of
, streets, alleys, utilities, and other
public improvements and rights-of-ways including but not limited to the
relocation of overhead utility lines, installation of street lights, construction
of public rest rooms and water fountains, acquisition of benches and
appropriate landscaping and signage;
Acquisition of property for public improvements and acquisition and
disposition of property for private development and redevelopment; and
9. Demolition and clearance of deteriorated, obsolescent and blighting
structures and other improvements not found to be of historical or
architectural significance.
Public purpose activities are limited to those areas delineated on the PUBLIC
PURPOSE ACTIVITY AREA map (Attachment B).
All public purpose activities shall be conditioned upon and shall meet the restrictions
and limitations placed upon the District by the Plan.
E. DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS
The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall apply to
any and all District properties the preservation, conservation, development and/or the
redevelopment of which is assisted by the City through any of the PUBLIC PURPOSE
ACTIVITIES listed above.
1. LAND USE:
Town Clock Subarea: The intent of this Plan is to promote the
preservation, conservation, development and redevelopment of a
functional, attractively developed environment to further existing financial,
commercial, cultural, personal and professional services and residential
activities within the Town Clock Subarea.
The continued development and enhancement of those land uses
permitted within the Downtown Commercial Business District (C-4), the
Business District (C-5) and the Office Residential (OR) zones of the City
of Dubuque's Zoning Ordinance are encouraged.
LAND USE maps (Attachments C-lA and C-lB) identify the existing and
the proposed land uses within the Town Clock Subarea.
Old Main Subarea: The intent of this Plan is to promote private
investment and reinvestment in a variety of commercial and residential
uses while furthering existing commercial, personal and professional
services, entertainment and residential activities within the Old Main
Subarea.
The continued development and enhancement of those land uses
permitted within the Downtown Commercial Business District (C-4) zone
of the City of Dubuque's Zoning Ordinance are encouraged.
LAND USE maps (Attachments D-lA and D-lB) identify the existing and
the proposed land uses within the Old Main Subarea.
4
2. PLANNING AND DESIGN CRITERIA:
The planning criteria to be used to guide the physical development of the Town
Clock, Old Main and Upper Main Subareas are those standards and guidelines
contained within the City of Dubuque's Zoning Ordinance and other applicable
local, state and federal codes and ordinances.
Additionally, the Secretary of the Interior's Standards for Rehabilitation and
Guidelines for Rehabilitatinq Historic Structures shall be used to guide the
exterior modifications of existing properties and the construction of new facilities
and structures financed in whole or in part by the City of Dubuque. Said projects
shall be reviewed by the Historic Preservation Commission for compliance with
the above referenced standards.
The off-street parking/loading and signage requirements established for the
redevelopment and development of Town Clock, Old Main and Upper Main
subareas are as follows:
1) Town Clock Subarea:
Off-Street Parking/Loading:
Off-street parking facilities shall be prohibited in that eight block area
bordered by Ninth and Fifth Streets, Locust and Iowa Streets except by
special approval. Conditions for such use shall be the maximum use of
land. Access to and from parking shall be designed as to minimize
interference with both pedestrian and auto traffic. All proposals for off
street parking use shall be subject to the review and approval of the City
of Dubuque. Special service drives for each building are not required.
Access to adequate off-street loading facilities such as a service alley or
court shall be required for each use. Consolidated loading facilities
serving entire blocks or portions of blocks shall be provided wherever
5
2)
practicable.
Off-street parking may be permitted in that five block area bordered by
Tenth and Fourth Streets, Iowa Street and Central Avenue. Off-street
parking is not required of uses containing less than twenty thousand
(20,000) square feet of gross floor area. Those uses containing twenty
thousand (20,000) square feet or more of gross floor area shall provide
one parking space for each additional one thousand (1,000) square feet of
gross floor area up to twenty thousand (20,000) square feet. For each
additional five hundred (500) square feet of gross floor area in excess of
twenty thousand square feet, one additional parking space shall be
provided.
Off-street parking may be permitted in that two block area bordered by
Fifth and Fourth Streets, Iowa and Locust Streets. Off-street parking
spaces shall be provided as required in each request for development
proposals, provided that parking spaces shall not be required for uses
containing less than fifty thousand (50,000) square feet of gross floor
area. Those uses containing fifty thousand (50,000) square feet of gross
floor area or more shall provide one parking space for each three
thousand (3,000) square feet of gross floor area up to fifty thousand
(50,000) square feet. For each additional two thousand (2,000) square
feet of gross floor area in excess of fifty thousand (50,000) square feet,
one additional parking space shall be provided. Off-street loading spaces
shall be provided as required in each for development proposals, provided
that no less than one off-street loading berth shall be provided for each
one hundred thousand (100,000) square feet of gross floor area.
Consolidated loading facilities serving entire blocks, or portions of blocks,
should be provided wherever applicable. Access to such facilities should
be provided from a screened alley or court.
Signa,qe:
All signage shall be developed in accordance with the sign regulations set
forth in the City of Dubuque's Zoning Ordinance.
Overhead Utility Lines:
No new overhead utility lines shall be installed within this subarea where
underground placement is feasible.
Old Main Subareas:
Off-Street Parking/Loading:
6
All off-street parking shall be developed in accordance with the
regulations and requirements set forth in the City of Dubuque's Zoning
Ordinance.
Si,qnage:
All signage shall be developed in accordance with the sign regulations set
forth in the City of Dubuque's Zoning Ordinance.
Overhead Utility Lines:
No new overhead utility lines shall be installed within this subarea where
underground placement is feasible.
F. LAND ACQUISITION AND DISPOSITION
The City of Dubuque is prepared to acquire and dispose of property in support of the
development and redevelopment of the District within the parameters set forth below.
1. Land Acquisition:
The following land acquisition activities are proposed for the Town Clock, Old
Main and Upper Main subareas:
Town Clock Subarea
The real property to be acquired in the Town Clock subarea is identified on the
Land Acquisition Map included as Attachment C-2. City may acquire property for
private development or redevelopment by contractual agreement or by right of
eminent domain.
The City reserves the right to acquire, by negotiation or eminent domain,
property rights required for the construction or reconstruction of streets and
public utilities, or any other public facility or improvement.
Old Main Subarea
The real property to be acquired in the Old Main subarea is identified on the
Land Acquisition Map included as Attachment D-2. City may acquire property for
private development or redevelopment by contractual agreement or by right of
eminent domain.
The City reserves the right to acquire, by negotiation or eminent domain,
property rights required for the construction or reconstruction of streets and
7
public utilities, or any other public facility or improvement.
Land Disposition:
Publicly held land will be sold for the development of viable uses consistent with
this Plan, and not for purposes of speculation.
Land will be disposed of in accordance with the requirements set forth in Chapter
403 of the Iowa Code, Urban Renewal Law. Developers and Redevelopers will
be selected on the basis of the quality of their proposals and their ability to carry
out such proposals while complying with the requirements of this Plan.
Developers and redevelopers will be required by contractual agreement to
observe the Land Use Requirements and Planning and Design Criteria of this
Plan. The contract and other disposition documents will set forth the provisions,
standards and criteria for achieving the objectives and requirements outlined in
this Plan.
G. RELOCATION REQUIREMENTS
Relocation assistance in accordance with applicable provisions of Chapter 316 of the
towa Code, Highway Relocation Assistance Law, will be provided in the event that an
existing business or residence is displaced by publicly supported development or
redevelopment activities.
H. FINANCING ACTIVITIES
To meet the OBJECTIVES of this Plan and to encourage the development of the
District and private investment therein, the City of Dubuque is prepared to provide
financial assistance to qualified industries and businesses through the making of loans
or grants under Chapter 15A of the Iowa Code and through the use of tax increment
financing under Chapter 403 of the Iowa Code.
1. Chapter 15A Loan or Grant
The City of Dubuque has determined that the making of loans or grants of public
8
=
funds to qualified industries and businesses is necessary to aid in the planning,
undertaking and completion of urban renewal projects authorized under this Plan
within the meaning of Section 384.24(3)(q) of the Iowa Code. Accordingly, in
furtherance of the objectives of this Plan, the City of Dubuque may determine to
issue bonds or loan agreements, in reliance upon the authority of Section
384.24A, Section 384.24(3)(q), Section 403.12 (general obligation bonds) or
Section 403.9 (tax increment bonds), for the purpose of making loans or grants
of public funds to qualified businesses. Alternatively, the City may determine to
use available funds for the making of such loans or grants. In determining
qualifications of recipients and whether to make any such individual loans or
grants, the City of Dubuque shall consider one or more of the factors set forth in
Section 15A. 1 of the Iowa Code on a case-by-case basis.
Tax Increment Financin,q
The City of Dubuque is prepared to utilize tax increment financing as a means of
financing eligible costs incurred to implement the Public Purpose Activities
identified in Part D of this Plan. Bonds or loan agreements may be issued by the
City under the authority of Section 403.9 of the Iowa Code (tax increment bonds)
or Section 384.24A, Section 384.24(3)(q) and Section 403.12 (general obligation
bonds).
The City acknowledges that the use of tax increment revenues delays the ability
of other local taxing bodies to realize immediately the direct tax benefits of new
development in the District. The City believes, however, that the use of tax
increment revenues to finance the public improvements and to promote private
investment in the District is necessary in the public interest to achieve the
OBJECTIVES of this Plan. Without the use of this special financing tool, new
investment may not otherwise occur or may occur within another jurisdiction. If
new development does not take place in Dubuque, property values could
stagnate and the City, County and School District may receive less taxes during
the duration of this Plan than they would have if this Plan were not implemented.
Tax increment financing will provide a long-term payback in overall increased tax
base for the City, County and School District. The initial public investment
required to generate new private investment will ultimately increase the taxable
value of the District well beyond its existing base value.
Tax increment reimbursement may be sought for, among other things, the
following costs to the extent they are incurred by the City:
a. Planning and administration of the Plan;
b. Construction of public improvements and facilities within the District;
9
Acquisition, installation, maintenance and replacement of public
investments throughout the District including but not limited to street
lights, benches, landscaping, appropriate signage and rest rooms;
Acquisition of land and/or buildings and preparation of same for sale to
private developers, including any "write down" of the sale price of the land
and/or building;
Preservation, conservation, development or redevelopment of buildings or
facilities within the district to be sold or leased to qualifying for-profit and
not-for profit organizations and businesses;
Loans or grants to qualified businesses under Chapter 15A of the Iowa
Code, including debt service payments on any bonds issued to finance
such loans or grants, for purposes of expanding the business or activity,
or other qualifying loan programs established in support of the Plan; and
g=
Providing the matching share for a variety of local, state and federal
grants and loans.
Proposed Amount of Indebtedness
At this time, the extent of improvements and new development within the District
is only generally known. As such, the amount and duration for use of the tax
increment revenues for public improvements and/or private development can
only be estimated; however, the actual use and amount of tax increment
revenues to be used by the City for District activities will be determined at the
time specific development is proposed.
It is anticipated that the maximum amount of indebtedness which will qualify for
tax increment revenue reimbursement during the duration of this Plan, including
acquisition, public improvements and private development assistance, will not
exceed $20,000,000.
At the time of adoption of this Plan, the City of Dubuque's current general
obligation debt is $ (a list of obli ations is found as Attachment F) and
the applicable constitutional debt limit is ~
I. STATE AND LOCAL REQUIREMENTS
All provisions necessary to conform with state and local laws have been complied with by
l0
the City of Dubuque in the implementation of this Plan and its supporting documents.
J. DURATION OF APPROVED URBAN RENEWAL PLAN
This Plan shall continue in action of the Council
but in no event before the City of Dubuque has received full reimbursement
from all incremental taxes of its advances and principal and interest payable on all Tax
Increment Financing or general obligations issued to carry out the OBJECTIVES of the
Plan.
The DEVELOPMENT AND REDEVELOPMENT REQUIREMENTS established, or as
amended from time to time by the City of Dubuque Zoning Ordinance, shall remain in effect
in perpetuity.
K. SEVERABILITY
In the event one or more provisions contained in this Plan shall be held for any reason to
be invalid, illegal, unauthorized or unenforceable in any respect, such invalidity, illegality,
unauthorization or unenforceability shall not affect any other provision of this Plan and this
Urban Renewal shall be construed and implemented as if such provision had never been
contained herein.
L. AMENDMENT OF APPROVED URBAN RENEWAL PLAN
This Plan may be amended from time to time to respond to development opportunities.
Any such amendment shall conform to the requirements of Chapter 403 of the Iowa Code.
Any change effecting any property or contractual right can be effectuated only in
accordance with applicable state and local law.
M. ATTACHMENTS
The following attachments are a part of this Plan:
Attachment A: Urban Renewal District and Subarea Map
Attachment B: Public Purpose Activity Area Maps
B-1 Town Clock and Old Main
11
Attachment C:
Attachment D:
Town Clock Subarea Maps
C-lA Existing Land Use
C-lB Proposed Land Use
C-2 Land Acquisition
Old Main Subarea Maps
D-lA Existing Land Use
D-lB Proposed Land Use
D-2 Land Acquisition
Attachment F: City of Dubuque Obligations
12
Attachment A
Expansion of
Downtown
Urban Renewal
District
9/24/98/k13
Attachment B-I
Public Purpose Activity Area Map
Town Clock and Old Main Subareas
0 200 400 Feet
Attachment B-2
Public Purpose Activity Area Map
Upper Main Subarea
TENTH
STREET
t. I
It
Attachment C-lA
Existing Land Use
Town Clock Subarea
TE~TH
I L ! 1
STREET
IEET
tS~[1REi
Attachment C-lB
Proposed Land Use
Town Clock Subarea
/ I
TENTH STREET
NINTH STREET
EIGHTH STREET
FOURTH STREET
Attachment C-2
Land Acquisition
Town Clock Subarea
Fifth
Attachment D-lA
Existing Land Use
Old Main Subarea
Fifth Street
Ice Harbor
Attachment D-lB
Proposed Land Use
Old Main Subarea
Fifth Street
Fourth Street
Third Street
Second Street
FIr,t Street
'T.~? Ir d Stre
Attachment D-2
Land Acquisition
Old Main Subarea
Attachment E-lA
Existing Land Use
Main Subare~
Attachment E-I B
Proposed Land use
Upper Main Subarea
Oescrlpllon
City of Dubuque
Summary o! Bonded Indebtedness - Fiscal Year 2002-2003
Date Net Amount Principal Principal Interest Principal Year of
of Interest of Outstanding Due 7-1-02 Due 7-t -02 Outstanding Final
Issue Rate Issue July 1,2002 to 7-2-03 to 7-2-03 July '1,2005 Payment
General Obligation Bonds 1
Esseallal Corporate Purpose 06.01-93 4.1747
Essential Corpmale pDt'pose 05-o1-94 5.OOOO
FY 2O03
4,815.000 425,000 425,000 19,125
1,300,000 310,000 140,000 13.722
500.000 135.000 55.0D0 5.184
2.OSO.O00 550.000 300,000 45.400
2,750.000 2,660,000 95.000 154,449
5.265.000 5.060,000 215,000 310,663
5,$05,000 p,500,000 521,091
2,660,000 2,660.000 187,654
1,OOO,O00 1.000,000 30.240 50,000
3,300,000 3,306,000 120,000 165.000
35,350.000.00 27.350.000,00 1,500.243,00 1.583.875.11
· l~evqftqe IBonds 2.210.000 1,720.000 180,000 78,625
perkins - 5ih Slreet Ramp 05-15-90 7,5860 2,210.000 1,720.000 180,000 7g,525
Torsi Revenue Sendal
1,540,oon
1.54o,ooo
*Sieged 04.15-07 4.4% 700,000
*BergfMd :)2.27-98 4.4% 655.500 855,500 28,542
900,000 536.O24 5~,598 59,389
'lnterstale pawer Ce 07-15-99 Fie Interest 850,000 266.667
'Carlegraph (H~dzonlDueade. LLC) 12-01-99 8.8% 360,000 333,101 29,318 25,682
*Eagle Window (Ode A. LLC) 02.15-00 9.1% 3,158,535 3,188,538 205,520 283.755
6.564,038 5,675,830 915.535 427.762
2010
Other Loans - ReVenue Backed 33.056 26.514
- 07-01-07 internal Lean 597,945 482,077
Water Line To Site IB 438.750
Landfill Agent' 10 Sewer Fund 01-19-98 ' No Inlerasl Loan 988.750 438.750
Rlprow Valley (Beckaa ay Private Inveil~l 05.30-00 * 6.0% 320,000 278.445 278.445 15,000
1,585,695 920,827 471,806 26,514
45,77o,733
35.866,658 3,071,555 2,116,795
2O02
6ss,goo 2003
767.327 2011
266,fl67 2004
303,783 2011
2,563~15, 2012
4,556,264
449.021 2012
449.O21
52.795.072,.
Total City Indebtedness , ,
$38.552 of Ihe annual debt so,riga for the 198311984 Issue is abated w~th AIrporl revenue. The abalement schedule was developed by the Alrpml eCemmlsslon to provide
20 years for repaymeal (abalemenll on 10 year bflnd issues.
2 Sewer revenue-banked e.g..Issue.
3 Welel revenue-baoked G.O. Issue.
4 park n revenue-ba~ked G.O issue.
g us and $665 ~00 Is A rpod hanger rental backed G.O. Issue.
5 $5.600.000 Is T F revenue backed e.g. Iss
Attachment F
City of Dubuque Obligations
MEMORANDUM
January 16,2002
TO:
FROM:
SUBJECT:
The Honorable Mayor and City Council Members
Michael C. Van Milligen, City Manager
Resolution of Necessity for an Amended and Restated Urban Renewal
Plan for the Downtown Dubuque Urban Renewal District
The Downtown Dubuque Urban Renewal Distdct was originally established in 1967. It
has been amended and restated on several occasions over the years to expand the
boundaries to include the Old Main Area, the Iowa Inn property and the Dubuque
Museum of Art. Economic Development Director Bill Baum is recommending expansion
of the district to assist the rehabilitation of the former Walsh Store property by Heartland
Financial Services, and establishment of a public headng for April 1, 2002, to consider
the amended and restated Urban Renewal Plan. The proposed amendment would
extend the boundaries northward to 14th Street, with the same east-west boundaries as
the existing district, being Central Avenue on the east, and Locust Street on the west.
This expansion also includes the properties between the Walsh Building and the
existing boundary along 9th Street, which will support the efforts of the Vision Downtown
Plan to provide incentives for reinvestment and new housing opportunities in the
downtown area. Pdvate development in the distdct would have access to the Tax
Increment Financing-supported Downtown Rehabilitation Loan Program that offers a
deferred Iow-interest rate and incentives for new jobs and housing.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
MCVM/jh
Attachment
cc: Barry Lindahl, Corporation Counsel
Cindy Steinhauser, Assistant City Manager
William Baum, Economic Development Director
CITY OF DUBUQUE, IOWA
MEMORANDUM
January 11,2002
TO:
FROM:
SUBJECT:
Michael Van Milligen, City Manager
William Baum, Economic Development Director~
Resolution of Necessity for an Amended and Restated Urban
Renewal Plan for the Downtown Dubuque Urban Renewal District
Introduction
This memorandum presents for City Council consideration a Resolution of Necessity
that: 1) finds that the amendment of the Urban Renewal Plan for the Downtown
Dubuque Urban Renewal District is both necessary and appropriate; and 2) sets a
public hearing on the proposed amendment for April 1, 2002.
The proposed expansion of this district would extend the boundaries of the district to
include much of the Vision Downtown study area (see attached map). The proposed
expansion will also provide redevelopment tools to assist the proposed rehabilitation of
the former Walsh Store that has been proposed by Heartland Financial USA.
Background
The Downtown Dubuque Urban Renewal District was originally established in 1967.
has been amended and restated on several occasions over the years to expand the
boundaries to include the Old Main area, the Iowa Inn property and the Dubuque
Museum of Art.
tt
Before a municipality can exercise the authority conferred by Chapter 403 "Urban
Renewal" of the Iowa Code, a Resolution of Necessity must be adopted finding that the
area being considered for urban renewal district designation is either a slum, blighted or
economic development area and that the rehabilitation, conservation, redevelopment,
development, or a combination thereof, of the area is necessary in the interest of the
public health, safety or welfare of the residents of the city.
The Iowa Code defines a blighted area as, "an area of a municipality within which the
local governing body of the municipality determines that the presence of a substantial
number of slum, deteriorated, or deteriorating structures; defective or inadequate street
layout; faulty lot layout in relation to size, adequacy, accessibility, or usefulness;
unsanitary or unsafe conditions; deterioration of site or other improvements; diversity of
ownership, tax or special assessment delinquency exceeding the fair value of the land;
defective or unusual conditions of title; or the existence of conditions which endanger
life or property by fire and other causes; or any combination of these factors;
substantially impairs or arrests the sound growth of a municipality, retards the provision
of housing accommodations, or constitutes an economic or social liability and is a
menace to the public health, safety, or welfare in its present condition and use". An
economic development area is defined as, "an area of a municipality designated by the
local governing body as appropriate for commercial and industrial enterprises or
housing and residential development for Iow and moderate income families, including
single or multifamily housing." The expansion area will be designated as an economic
development area. See attached map.
Discussion
The expansion of the District is proposed, in part, to assist the rehabilitation of the
former Walsh Store property by Heartland Financial USA. The proposed amendment
would extend the boundaries northward to 14th Street to include that property. Inclusion
in the District will allow the Walsh Store rehabilitation project to access the tools and
incentives available to urban renewal district properties, including tax increment
financing and the Downtown Rehabilitation Loan Program.
The expansion area also supports the efforts of the Vision Downtown plan to provide
incentives for reinvestment and new housing opportunities in the downtown area.
Private development in the District would have access to the TIF-supported Downtown
Rehabilitation Loan Program that offers a deferred low-interest rate and incentives for
new jobs and housing.
The attached Resolution directs staff to prepare an amended and restated Urban
Renewal Plan and to forward the amendment to the Long Range Planning Commission
for their review and comment. This is required by Chapter 403 along with a
consultation process that involves all affected taxing entities. Those taxing entities, the
County, School Board and community college, have an opportunity to comment on the
proposed amendment prior to the required public hearing on the urban renewal plan,
but they cannot block adoption of the plan.
City Council public hearing on the amended and restated Urban Renewal Plan will be
scheduled for April 1, 2002. This will allow time for preparation of the plan, review and
comment period by the Long Range Planning Commission and the consultation
process with the taxing entities.
Recommendation
I recommend the City Council adopt the attached Resolution of Necessity that begins
the process of amending the Urban Renewal Plan for the Downtown Dubuque Urban
Renewal District to expand the boundaries of the District. The amendment will provide
additional tools to encourage reinvestment and redevelopment activities throughout the
District and will support, specifically, the proposed former Walsh Store rehabilitation
and rouse project and, more generally, the overall Vision Downtown efforts.
Action Step
The action step for the City Council is to adopt the Resolution of Necessity attached to
this memorandum.
attachments
Prepared by: Pamela Myhre
Economic Development Planner
F:\USERS~Prn)hre\WPDOCS\U R\DOVVNTOWN~Necmemo02.dwn.doc
Expansion of
Downtown
Urban Renewal
District
RESOLUTION NO. -02
A RESOLUTION OF NECESSITY FINDING THAT THE EXPANSION OF THE
DOWNTOWN DUBUQUE URBAN RENEWAL DISTRICT IS AN AREA
MEETING THE DEFINITIONS OF BLIGHT AND ECONOMIC DEVELOPMENT
AND THAT DEVELOPMENT OF SAID AREA IS NECESSARY IN THE
INTEREST OF THE RESIDENTS OF THE CITY OF DUBUQUE, IOWA.
Whereas, the City Council of the City of Dubuque has determined that the further
expansion of the Downtown Dubuque Urban Renewal District will provide
redevelopment opportunities which will further the purposes and objectives of the
Downtown Dubuque Urban Renewal Plan; and
Whereas, the City Council has found that the proposed expansion area meets
the definition of an economic development area as found in Chapter 403 "Urban
Renewal" of the Iowa Code; and
Whereas, Chapter 403 of the Iowa Code requires that before urban renewal
authority may be exercised, a City Council must adopt a resolution of necessity finding
that the area in question is a slum, blighted or economic development area, and that so
designating such area is necessary in the interest of the public health, safety or welfare
of the residents of the municipality.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the following described area, which is proposed to be added to
the Downtown Dubuque Urban Renewal District, is an economic development area as
defined by Chapter 403 of the Iowa Code and is appropriate for an urban renewal
project, to wit:
Commencing as a point of reference at the intersection of the centerline of 9th
Street with Locust Street, said point being the point of beginning: thence
northwesterly along the centerline of Locust Street to the centerline of 14th Street;
thence northeasterly along the centerline of 14th Street to the centerline of
Central Avenue; thence southeasterly along the centerline of Central Avenue to
the centerline of 10th Street; thence southwesterly along the northerly boundary
of the existing Downtown Dubuque Urban Renewal District to the point of
beginning, containing 30 acres more or less, all located in Section 25, Township
89 North, Range 2 East, 5th P.M., Dubuque County, Iowa and including any
adjoining public right-of-way (hereinafter, the "Expansion Area").
Section 2. That the development of the Expansion Area is necessary and
appropriate to facilitate the proper growth and development of the community in
accordance with sound planning and local community objectives.
Section 3. That the City Manager is authorized and directed to prepare an
Amended and Restated Urban Renewal Plan for the Downtown Dubuque Urban
Renewal District, to forward said Plan to the City's Long Range Planning Commission
for review and comment and to begin the consultation process required by law with
affected taxing entities.
Section 4. That the City Clerk is directed to publish notice of a public hearing on
the adoption of an Amended and Restated Urban Renewal Plan for the Downtown
Dubuque Urban Renewal District to be held on April 1, 2002 at 6:30 p.m. in the
Carnegie-Stout Public Library Auditorium, 11th and Bluff Streets, Dubuque, Iowa 52001
and that said notice shall generally identify the area covered by the Amended and
Restated Plan and the general scope of the Amended and Restated Plan and the
activities planned for such areas.
Section 5. That the City Clerk is further directed to send by ordinary mail a copy
of said notice of public hearing to the Dubuque Community School District, the County
Board of Supervisors and the Northeast Iowa Community College, as the affected
taxing entities.
PASSED, APPROVED and ADOPTED this 21~t day of January, 2002.
ATTEST:
Terrance M. Duggan, Mayor
Jeanne F. Schneider, City Clerk
F:\USERS~Pmyhre\WPDOCS\UR\DOWNTOWN\N ECRES02.DWN.doc
CITY OF DUBUQUE, IOWA
MEMORANDUM
TO:
FROM:
SUBJECT:
March 22, 2002
Michael Van Milligen, City Manager
William Baum, Economic Development Director~
Amended Tax Increment Ordinance for the Downtown Dubuque
Urban Renewal District
Introduction
This memorandum transmits for City Council review and adoption an ordinance
establishing an amended tax increment financing district for the Downtown Dubuque
Urban Renewal District. The proposed ordinance and associated certifications were
prepared by the City's bond counsel and are attached to this memo.
Background
On April 1, 2002, the City Council will consider approving an Amended and Restated
Urban Renewal Plan for the Downtown Dubuque Urban Renewal District that expanded
the boundaries of the district north to 14th Street. The use of tax increment financing is
proposed as an economic development financing tool in the expanded district.
Discussion
Adoption of the amended tax increment ordinance is needed to allow the use of tax
increment financing (TIF) in the expanded district. The ordinance authorizes the City to
establish a special fund for the collection of a portion of the property tax revenues
generated by new development occurring within the expanded district. All taxable
property located with the tax increment 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, including both public and private development. The
proposed Walsh Store property rehabilitation project will utilize TIF if available.
Adoption of the ordinance will continue the base valuation previously established and
set the property valuation base for determining incremental tax revenue from the
expansion area at the level existing on January 1st of the calendar year preceding the
effective date of the Ordinance. Tax increment collections will be limited to twenty (20)
years in the Upper Main Subarea.
Recommendation
I recommend that the City Council approve expansion of the tax increment financing
area boundaries for the Downtown Dubuque Urban Renewal District. Tax increment
financing is an important tool for economic development and will be used to assist
future public and private development efforts in the downtown.
Action Step
The action step is for the City Council to approve the amended tax increment ordinance
attached hereto.
attachments
F:\USERS\Pmyh re\WPDOCS\UR\DOWNTOWN\tifamendmemo.doc
CIUR3.TXT
5/91
ORDINANCE CERTIFICATE
STATE OF IOWA )
) SS
COUNTY OF DUBUQUE
I certify that Ordinance Number , of which a tree copy is attached,
was duly adopted by the City Council of the City of Dubuque, signed by the Mayor and
published as required by law and is now in effect. I further certify that the
consideration(s) and votes taken for the enactment of said Ordinance were as follows:
First consideration - Date:
Vote: In favor , Opposed
Absent or Abstain
Second consideration - Date:
Vote: In favor , Opposed
Absent or Abstain
Final Consideration - Date:
Vote: In favor , Opposed
Absent or Abstain
4. Publication Date:
(Affidavit of Publication Attached)
The Ordinance was not considered on any date after its first consideration as
shown above when it did not receive an affirmative vote for passage.
On the date of ,2002, the City Council adopted a
motion for the suspension of the rule requiring separate consideration at three meetings
and voted the final adoption of the Ordinance. The vote for suspension of the roles was
by a three-fourths majority of the full City Council, voting in favor,
opposed and absent, vacant or abstaining and was duly recorded.
(Strike above paragraph if not applicable)
I further certify th_~t ~gh. meeting for the consideration of the Ordinance was duly
and publicly held, with a notice of the meeting and tentative agenda naming the
consideration of the Ordinance timely posted and upon reasonable advance notice to the
media as required by the Chapter 21 o£the Code of Iowa and rules of the Council then
governing.
I further certify that the individuals named therein were on the date thereof duly
and lawfully possessed of their respective city offices as indicated therein, that no
Council vacancy existed except as may be stated in said proceedings, and that no
controversy or litigation is pending, prayed or threatened involving the incorporation,
organization, existence or boundaries of the City or the right of the individuals named
therein as officers to their respective positions.
WITNESS my hand and the seal of said Municipality hereto affixed this
day of ,2002.
City Clerk, Dubuque, Iowa
SEAL
DCORNELL\ll1977\l\I0422047
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C07.;?LET2 A~D RETURN TO
MR. NOTH
..... ORDINANCE NO. 26-02
AN ORDINANCE AMENDING ORDINANCE NO. 30-82, PROVIDING THAT
GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR
ON ALL PROPERTY LOCATED WITHIN THE AMENDED AND
RESTATED DOWNTOWN DUBUQUE URBAN RENEWAL DISTRICT OF
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 COMMI.rNITY SCHOOL DISTRICT,
AND OTHER TAXING DISTRICTS, BE PAD 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 THE
AMENDED AND RESTATED URBAN RENEWAL PLAN FOR THE
DOWNTOWN DUBUQUE URBAN RENEWAL DISTRICT
WHEREAS, the City Council of the City of Dubuque, Iowa has heretofore, in
Ordinance No. 30-82, provided for the division of taxes within the original Downtown
Dubuque Urban Renewal Project, Iowa R-15, described in Resolution No. 123-67
adopted on May 18, 1967, pursuant to Section 403.19 of the Code of Iowa; and
WHEREAS, the original Downtown Dubuque Urban Renewal Project, Iowa R-
I 5, subsequently was amended by Resolution No. 79-71 on March 15, 1971, by
Resolution No. 73-74 on March 11, 1974, by Resolution No. 107-82 on May 3, 1982, by
Resolution No. 191-84 on June 25, 1984, by Resolution No. 37t-93 on December 6,
1993, by Resolution No. 145-94 on May 2, 1994, and by Resolution No. 479-97 on
November 17, 1997, which amendments, among other things, added areas referred to as
the Old Main Subarea and Town Clock Expansion Subarea to the area of the Downtown
Dubuque Urban Renewal District; and
WHEREAS, consistent with the foregoing amendments, Ordinance No. 30-82
subsequently was amended by Ordinance Nos. 23-94, 36-94 and 67-97 to provide for the
division of taxes within the several subareas of the amended Downtown Dubuque Urban
Renewal District; and
WHEREAS, pursuant to Resolution No. 187¢02 approved on
Apri I 1 ,2002, additional territory now has been added to the Downtown
Dubuque Urban Renewal District and an Amended and Restated Urban Renewal Plan
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approved in respect of the Downtown Dubuque Urban Renewal District, as so amended;
and
WHEREAS, indebtedness has been incurred by the City, and additional
indebtedness is anticipated to be incurred in the future, to finance urban renewal project
activities undertaken in accordance with the Amended and Restated Urban Renewal Plan
for the Downtown Dubuque Urban Renewal District, and the continuing needs of
redevelopment within the Amended and Restated Downtown Dubuque Urban Renewal
District are such as to require the continued application of the incremental tax resources
of the Amended and Restated Downtown Dubuque Urban Renewal District; and
WHEREAS, the following enactment is necessary to accomplish the objectives
described in the premises.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA, THAT:
Ordinance Number 30-82, as amended by Ordinance Nos. 23-94, 36-94 and 67-
97, is hereby amended to read as follows:
Section 1: For purposes of this Ordinance, the following terms shall have the
following meanings:
(a) Original Town Clock Subarea shall mean that portion of the City of
Dubuque, Iowa described in the Urban Renewal Plan for the Downtown Dubuque
Urban Renewal Project, Iowa R-15, approved by Resolution No. 123-67 on May
18, 1967, which Original Town Clock Subarea includes the lots and parcels
located within the area now legally described as follows:
Beginning at the intersection of the north right-of-way line of Ninth Street
with the east right-of-way line of Central Avenue; thence south along the
east right-of-way line of Central Avenue to its intersection with the south
right-of-way line of Fourth Street; thence west along the south right-of-way
line of Fourth Street to its intersection with the west right-of-way line of
Locust Street; thence north along the west right-of-way tine of Locust
Street to its intersection with the north right-of-way line of Ninth Street;
thence east along the north right-of-way line of Ninth Street to its
intersection with the east right-of-way line of Central Avenue which is the
point of beginning
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(b). Old Main Subarea shall mean that portion of the City of Dubuque,
Iowa described in the Amended and Restated Urban Renewal Plan for the
Downtown Dubuque Urban Renewal District approved by Resolution No. 145-94
on May 2, 1994, which Old Main Subarea includes the lots and parcels located
within the area legally described as follows:
Beginning at the intersection of the south right-of-way line of Fourth Street
with the east right-of-way line of Central Avenue; thence west along the
south right-of-way line of Fourth Street to the west right-of-way line of
Locust Street; thence south along the west right-of-way line of Locust
Street to the north right-of-way line of the Locust Street Connector; thence
east along the north right-of-way line of the Locust Street Connector to the
west right-of-way line of Highways 151/61; thence north along the west
right-of-line of Highways 151/61 to the point of beginning.
(c) Town Clock Expansion Subarea shall mean that portion of the City
of Dubuque, Iowa described in the Amended and Restated Urban Renewal Plan
for the Downtown Dubuque Urban Renewal District approved by Resolution No.
479-97 on November 17, 1997, which Town Clock Expansion Subarea includes
the lots and parcels located within the area legally described as follows:
South 1/2 of City Lot 167, City Lot 168 and City Lot 168A; Lots 1 & 2 of
City Lots 204, 205, 206, 207 and 208, N. 23' of City Lot 263, S. 28.5' of
City Lot 263, N. 1/2 of City Lot 262, S. 1/2 of City Lot 262, N. 1/2 of City
Lot 261, all in Section 24, Township 89 North, Range 2 East, 5th P.M.,
Dubuque County, Iowa and any adjoining public right-of-way.
(d) Upper Main Subarea shall mean that portion of the City of Dubuque,
Iowa described in the Urban Renewal Plan, which Upper Main Subarea includes
the tots and parcels located within the area legally described as follows:
On the North by Fourteenth Street, on the West by Locust Street, on the
South by the Town Clock Expansion Subarea and on the East by Central
Avenue, including all public rights-of-way.
(e) Amended Proiect Area shall mean the areas of the City of Dubuque,
Iowa included within the Original Town Clock Subarea, the Old Main Subarea,
the Town Clock Expansion Subarea and the Upper Main Subarea, each as
described in this Section.
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(f) Urblm.R~r[ewal Plan shall mean the Amended and Restated Urban
Renewal Plan for the Downtown Dubuque Urban Renewal District approved by
Resolution No. 187-02 on t~pri l 1 ,2002.
Section 2: The taxes levied on the taxable property in the Amended 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 all
other taxing districts fzom and after the effective date of this Ordinance shall be divided
as hereinafter in this Ordinance provided.
Section 3: As to the Original Town Clock Subarea, 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 taxing property in the Original Town Clock Subarea upon the total
sum of the assessed value of the taxable property in the Original Town Clock Subarea as
shown on the assessment roll as of January 1, 1966, being the assessment roll last
equalized priorto the date of the initial adoption of the Urban Renewal Plan for the
Downtown Dubuque Urban Renewal Project, Iowa R-15, shall be allocated to and when
collected be paid into the fund for the respective taxing district as taxes by or for said
taxing district into which all other property taxes are paid. The taxes so determined shall
be referred herein as the "base period taxes" for such subarea.
As to the Old Main Subarea, base period taxes shall be computed in the same
manner using the total assessed value shown on the assessment roll as of January 1,
1993, being the assessment roll as of January 1 of the calendar year preceding the
effective date of Ordinance No. 23-94.
As to the Town Clock Expansion Subarea, base period taxes shall be computed in
the same manner using the total assessed value shown on the assessment roll as of
January 1, 1996, being the assessment roll as of January 1 of the calendar year preceding
the effective date of Ordinance No. 67-97.
As to the Upper Main Subarea, base period taxes shall be computed in the same
manner using the total assessed value shown on the assessment roll as of January 1,
2001, being the assessment roll applicable to property in such subarea as of January 1 of
the calendar year preceding the effective date of this Ordinance.
Section 4: That portion of the taxes each year in excess of the base period taxes
for the Amended Project Area, determined for each subarea thereof as provided in
Section 3 of this Ordinance, shall be allocated to and when collected be paid into the
special tax increment fund previously established by the City of Dubuque to pay the
principal of and interest on loans, monies advanced to, or indebtedness, whether funded,
-4-
refunded, assumed or otheryvise, including bonds issued under authority of Section 403.9
or Section 403.12 of the Code of Iowa, incurred by the City of Dubuque, Iowa to finance
or refinance, in whole or in part, urban renewal project activities undertaken within the
Amended Project Area pursuant to the Urban Renewal Plan, except that taxes for the
payment of bonds and interest of each taxing district shall be collected against all taxable
property within the Amended Project Area without any limitation as hereinabove
provided.
Section 5: Unless or until the total assessed valuation of the taxable property in
the subareas of the Amended Project Area exceeds the total assessed value of the taxable
property in said subareas 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
Amended Project Area shall be paid into the funds for the respective taxing districts as
taxes by or for the taxing districts in the same manner as all other property taxes.
Section 6: At such time as the loans, monies advanced, bonds and interest
thereon and indebtedness of the City of Dubuque referred to in Section 4 hereof have
been paid, all monies thereafter received from taxes upon the taxable property in the
Amended 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 consmaed so as to continue the division of taxes from taxable property in the
Original Town Clock Subarea, the Old Main Subarea and the Town Clock Expansion
Subarea under the provisions of Section 403.19 of the Code of Iowa, as authorized in
Ordinance Nos. 30-82, 23-94, 36-94 and 67-97, and to fully implement the provisions of
Section 403.19 of the Code of Iowa with respect to the division of taxes from property
within the Upper Main Subarea as described above. 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
Amended Project Area and the subareas contained therein.
Section 8: This Ordinance shall be in effect after its final passage, approval and
publication as provided by law.
-5-
2002.
PASSED AND APPROVED this 1 st day of Apri 1
M~yor ~ //
ATTEST:
~/City Clerk -
Read first time:
April 1, 2002
Read second time: April 1, 2002
Read third time:
April 1, 2002
PASSED AND APPROVED: Apri 1 l, 2002
PUBLISHED: April 8, 2002
DCOKNELL\I 11969\1\!0422047
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