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Dubuque Industrial Center West - Urban Renewal Ordinance Amendment Copyright 2014 City of Dubuque Action Items # 3. ITEM TITLE: Dubuque Industrial Center West Urban Renewal Ordinance SUMMARY: City Manager recommending Council approval of an ordinance amending the tax increment ordinance for the Dubuque Industrial Center Economic Development District that allow tax increment financing to be used in the new Subareas H, I and J of the District. ORDINANCE Amending Ordinance No. 55-15, Previously Amended, Providing that general property taxes levied and collected each year on all property located within the Amended And Restated Dubuque Industrial Center Economic Development District Urban Renewal Area 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 Community School District, and other Taxing Districts, be paid to a special fund for Payment of Principal And Interest on Loans, Monies Advanced to and indebtedness, including bonds issued or to be issued, incurred by said city in connection with the Amended and Restated Dubuque Industrial Center Economic Development District Urban Renewal Redevelopment Project SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Motion B; Motion A ATTACHMENTS: Description Type Amending Tax Increment Ordinance for Dubuque City Manager Memo Industrial Center-MVM Memo Staff Memo Staff Memo UR Plan - DICW Supporting Documentation Attachment A- UR Plan map Supporting Documentation Attachment B-1 - Exsting Land Use Supporting Documentation Attachment B-2 - Proposed Land Use Supporting Documentation Attachment C - Bonded Indebtedness Supporting Documentation Attachment D - District Boundary Descriptions Supporting Documentation Ordinance Amendment Ordinance LRPC Memo to Council Supporting Documentation Consultation Minutes Supporting Documentation Suggested Notion Supporting Documentation THE CITY OF Dubuque DUB E i" Masterpiece on the Mississippi 2007.2012.2013 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Amending Tax Increment Ordinance for the Dubuque Industrial Center Economic Development District DATE: September 15, 2016 Economic Development Director Maurice Jones recommends City Council approval of an ordinance amending the tax increment ordinance for the Dubuque Industrial Center Economic Development District. The amendment will allow tax increment financing to be used in the new Subareas H, I and J of the District. I concur with the recommendation and respectfully request Mayor and City Council approval. 6&-zn' Mic ael C. Van Milligen MCVM:jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Maurice Jones, Economic Development Director Dubuque Economic Development Department THE CITY OF 50 West 13th Street AII-AwftlitY Dubuque,Iowa 52001-4864 DUB3 &kE1 I Office(563)589-4393 TTY(563)690-6678 ® http://www.cityofdubuque.org Masterpiece on the Mississippi 200.2012.2013 TO: Michael Van Milligen, City Manager FROM: Maurice Jones, Economic Development Director SUBJECT: Amending Tax Increment Ordinance for the Dubuque Industrial Center Economic Development District DATE: September 12, 2016 INTRODUCTION This memorandum transmits for City Council review and adoption an ordinance amending the tax increment ordinance for the Dubuque Industrial Center Economic Development District ("District"). The proposed ordinance was reviewed by the City Attorney's Office and City's bond counsel and is attached to this memo. The proposed amendment would allow tax increment financing to be used in the new Subareas H, I, and J of the District. BACKGROUND On August 15, 2016, a Resolution of Necessity was adopted finding that the areas being considered for urban renewal district designation are economic development areas and that the development of the areas is necessary in the interest of the public welfare of the residents of the City. On August 17, 2016, the Amended and Restated Plan was reviewed by the Long Range Planning Commission. The Commission has forwarded its recommendation to the City Council affirming that the Amended and Restated Plan is consistent with the City's Comprehensive Plan for development. On August 23, 2016, a Consultation was conducted with the affected taxing entities as required by Chapter 403.5 of the Iowa Code, providing an opportunity to discuss, question, or object to the findings in these documents. Prior to the meeting, the taxing entities were mailed copies of the Amended and Restated Urban Renewal Plan and the Notice of Public Hearing. No representatives were in attendance. On September 2, 2016 the notice of public hearing was published to allow for the appropriate publication requirements. Assuming that the City Council approves of the Amended and Restated Plan following the public hearing, Council action to amend the tax increment ordinance for the District would be appropriate. DISCUSSION The primary goal of the Amended and Restated Plan is to expand opportunity for public improvements and private industrial development by adding new Subareas H, I, and J to the District. Following Council approval of the Amended and Restated Plan, adoption of the amending tax increment ordinance is needed to allow the use of tax increment financing in the new Subareas of the District. As before, the ordinance authorizes the City to maintain a special fund for the collection of a portion of the property tax revenues generated by new development occurring the District. All taxable property located in the District will continue to pay property taxes based upon the current tax levies and assessment valuations. Tax revenues collected in excess of the base amounts will be used to assist in financing future development projects within the District, including both public and private development. RECOMMENDATION/ ACTION STEP Following City Council approval of the Amended and Restated Plan, I recommend that the City Council approve the ordinance attached hereto for the Dubuque Industrial Center Economic Development District. Tax increment financing is an important tool for economic development and will be used to assist future public and private development efforts. I 1111111 1111 I I III 11111111111111111111111111111111111111111111111111111111111 Doc ID: 008517380010 Type: GEN Kind: ORDINANCE Recorded: 09/23/2016 at 01:40:45 PM Fee Amt: $52.00 Page 1 of 10 Dubuque County Iowa John Murphy Recorder F11e2016-00012675 Prepared by Jill Connors, Economic Development, City Hall, 50 W. 13th St., Dubuque, IA 52001, 536-589-4393 Return to Kevin Firnstahl, City Clerk, City Hall, 50 W. 13th St., Dubuque, IA 52001, 563-589-4100 ORDINANCE NO. 49-16 AMENDING ORDINANCE NO. 55-15, PREVIOUSLY AMENDED, PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE AMENDED AND RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL AREA 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 COMMUNITY SCHOOL DISTRICT, AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH THE AMENDED AND RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL REDEVELOPMENT PROJECT WHEREAS, the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Project Area described in Resolution No. 130-88 was adopted on May 2, 1988 and was thereafter amended and restated by Resolution No. 484-90 on December 17, 1990, Resolution No. 142-97 on April 7, 1997, Resolution No. 478-97 on November 17, 1997, Resolution No. 15-08 on January 7, 2008, Resolution No. 101-08 on March 17, 2008, Resolution No. 109-08 on April 7, 2008, Resolution No. 87-11 on March 7, 2011, Resolution No. 171-13 on June 3, 2013, Resolution No. 197-15 on June 1, 2015 and Resolution No. 309-15 on September 8, 2015, and Resolution No. 332-16 on September 19, 2016; and WHEREAS, the City Council of the City of Dubuque, Iowa originally provided for the division of taxes pursuant to Section 403.19 of the Code of Iowa within the Dubuque Industrial Center Economic Development District Urban Renewal Project Area in Ordinance No. 26-88 passed and approved on May 2, 1988 and thereafter amended and restated by Ordinance No. 63-88 on December 5, 1988, by Ordinance No. 66-97 on November 17, 1997, by Ordinance No. 70-08 on October 20, 2008, by Ordinance No. EconoTY1" (- be o-e.I orn e,nt 5)., U� 10-14 on February 3. 2014, by Ordinance No. 39-15 on June 1, 2015 and by Ordinance No. 55-15 on September 8, 2015; 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 within the Amended and Restated Dubuque Industrial Center Economic Development District, and the continuing needs of redevelopment within the Amended and Restated Dubuque Industrial Center Economic Development District are such as to require the continued application of the incremental tax resources of the Amended and Restated Dubuque Industrial Center Economic Development 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 55-15 is hereby amended to read as follows: Section 1: For purposes of this Ordinance, the following terms shall have the following meanings: (a) Original Project Area shall mean that portion of the City of Dubuque, Iowa described in the Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 130-88 on May 2, 1988, and subsequently amended by Resolution No. 484- 90 on December 17, 1990, which Original Project Area includes the lots and parcels located within the area now legally described as follows: All of Dubuque Industrial Center Eighth Addition; and All of Lot 1 Dubuque Industrial Center 13th Addition; and Lot 2 Dubuque Industrial Center 13th Addition; and Lot 1-2-2 Dubuque Industrial Center Fifth Addition; and Lot 1 Dubuque Industrial Center Fifth Addition; and Lot 1 Dubuque Industrial Center 11th Addition; and Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and Lot 1-3 Dubuque Industrial Center 12th Addition; and Lot 1 of lot 3 of final plat of lot 1 of Dubuque Industrial Center First Addition; and Lot 1 Dubuque Industrial Center 10th Addition; and Lot 2-3 Dubuque Industrial Center 12th Addition; and Lots 1 & 2 of final plat of lot 1 of Dubuque Industrial Center First Addition; and Lot 1 Dubuque Industrial Center 12th Addition; and Lot 2 Dubuque Industrial Center Ninth Addition; and 2 Lot 2 Dubuque Industrial Center 12th Addition; and Lot 2-2 Dubuque Industrial Center Sixth Addition; and Lot 3 Dubuque Industrial Center Ninth Addition; and Lot 1 Dubuque Industrial Center Sixth Addition; and Lot 2 of 2 Dubuque Industrial Center 7th Addition; and Lot 2-1 Walter Addition; and Lot 2-1 Walter Addition; and And all adjoining public right-of-way, all in the City of Dubuque, Dubuque County, Iowa. The Original Project Area is referred to as "Subarea A" in the Urban Renewal Plan hereinafter described. (b) Subarea B shall mean that portion of the City of Dubuque, Iowa described as Subarea B in the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 478-97 on November 17, 1997, and subsequently amended by Resolution No. 15-08 on January 7, 2008, which Subarea B includes the lots and parcels located within the area legally described as follows: Lots 1, 3, 4, 1 of 5, 6 and H of Dubuque Industrial Center West as originally platted; and Lots 1, 2, 3, 4, 5, 6, 7, 8, and C of Dubuque Industrial Center West 2nd Addition as originally platted; and Lots 1, 2, 3, 4, B, and C of Dubuque Industrial Center West 4th Addition as originally platted; and Lots 1 of 1, 1 of 2, 2 of 2, 1 of 3, 2 of 3, 1 of 5, A, C, and D of Dubuque Industrial Center West 5th Addition as originally platted; and Lots 1, 2, and A of Dubuque Industrial Center West 6th Addition as originally platted; and Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addition as originally platted; and Lot 2 of 1 of the Southwest Quarter of the Southwest Quarter and Lot 2 of 1 of the Southeast Quarter of the Southwest Quarter all in Section 30, Township 89 North, Range 2 East, 5th Principal Meridian as originally platted; and and all that part of a 100 -foot -wide strip of the Chicago Central Pacific Railroad right-of-way lying in the SE 1/4 of Section 30, the SE 1/4 of the SW 1/4 of Section 30, the NW 1/4 of Section 31, and the NE 1/4 of Section 31 all in T89N, R2E, of the 5th P.M. Dubuque County, Iowa, the centerline of which is more particularly described as follows: beginning at a point of intersection with the easterly line of the SE 1/4 of Section 30, T89N, R2E, of the 5th P.M., thence southwesterly along the centerline of said railroad 2,700 feet, more or less a point of intersection with the westerly line of the SE 1/4 of said Section 30; thence southwesterly 3 continuing along said centerline 845 feet, more or less, to a point where the railroad right-of-way widens to 200 feet, said point being the terminus of this description; and all that part of a 100 -foot -wide strip of the Chicago Central Pacific Railroad right-of-way lying in the Balance of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter in Section 29, Township 89 North, Range 2 East, 5th Principal Meridian; and any adjoining public street right-of-way all in the City of Dubuque, Dubuque County, Iowa. (c) Subarea C shall mean that portion of the City of Dubuque, Iowa described as Subarea C in the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 101-08 on March 17, 2008, which Subarea C includes the Tots and parcels located within the area legally described as follows: Lots 1 and 2 of Dubuque Industrial Center North Second Addition; and Lots 2, 3, C and A of Dubuque Industrial Center North First Addition, excepting that Part of said Lot A originally platted as Lot 2 of the SW 'A of the NW '/ of Sec. 30, T89N, R2E of the 5th PM; and and any adjoining public street right-of-way, all in the City of Dubuque, Dubuque County, Iowa. (d) Subarea D shall mean that portion of the City of Dubuque, Iowa described as Subarea D in the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 109-08 on April 7, 2008, which Subarea D includes the Tots and parcels located within the area legally described as follows: Lots 1, 2, and B and all of the right of way of Chavenelle Court in Dubuque Industrial Center West 8th Addition in the City of Dubuque, Dubuque County, Iowa. (e) Subarea E shall mean that portion of the City of Dubuque, Iowa described as Subarea E in the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 87-11 on March 7, 2011, which Subarea E includes the lots and parcels located within the area legally described as follows: All of Lot 1 of 1 and Lot 1 of 2 of the South Fork Subdivision No. 1 as originally platted, including any adjoining public street right-of-way to said lots, all in the City of Dubuque, Dubuque County, Iowa, and; All of Seippel Road right of way from the north boundary line of Lot 1 of 1 of South . Fork Subdivision No. 1 in the City of Dubuque, to the south boundary lines of Lot H of Dubuque Industrial Center West and Lot 1 of Dubuque Industrial Center West 2nd Addition in the City of Dubuque, 4 Dubuque County, Iowa, including crossings at the intersections of Old Highway Road and Chicago Central & Pacific Railroad rights-of-way. (f) Subarea F shall mean that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea F in the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 197-15 on June 1, 2015, which Subarea F includes the lots and parcels located within the area legally described as follows: Lot one (1) of Graf Farm Subdivision #2, Dubuque County, Iowa, according to the recorded plat thereof; Lot 1 of Lot 1 of Lot 1 of Lot 1 of West One-half of Northeast One-quarter, Section 25, Township 89 North , Range 1 East of the 5th Principal Meridian, in Center Township , Dubuque County , Iowa; Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, Iowa, according to the plat thereof; and The NW 1/4 of the SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th P.M., in Center Township, Dubuque County, Iowa. (g) Subarea G shall mean that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea G in the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 309-15 on September 8, 2015, which Subarea G includes the lots and parcels located within the area legally described as follows: The South one-half of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Lot 2 of McFadden Farm Place #2, in the City of Dubuque, Iowa. Lot 2 of McFadden Farm Place, in the City of Dubuque, Iowa. Lot A of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Lot A of Lot 1 of 1 of the Northwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. All in the City of Dubuque, Dubuque County, Iowa. (h) Subarea H shall mean that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea H in the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 332-16 on September 19, 5 2016, which Subarea H includes the lots and parcels located within the area legally described as follows: Lot 1 of the Northeast "/ of the Northeast'/, and Lot 2 of Lot 1 of Lot 1 of Lot 2 of the Northeast'/ of the Northeast'/, of Section 30, in Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. (i) Subarea I shall mean that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea I in the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 332-16 on September 19, 2016, which Subarea I includes the lots and parcels located within the area legally described as follows: Lot 2 Seippel Road Place #2, Dubuque County, Iowa. Lot 2-1-1 of the Southeast Quarter of the Southeast Quarter of Section 25, Township 89 North, Range 2 East of the 5th Principal Meridian, Dubuque County, Iowa (j) Subarea J shall mean that portion of the City of Dubuque, Iowa, and Dubuque County described as Subarea J in the Amended and Restated Urban Renewal Plan for the Dubuque Industrial Center Economic Development District Urban Renewal Area approved by Resolution No. 332-16 on September 19, 2016, which Subarea J includes the lots and parcels located within the area legally described as follows: Lot 2 Julien Care Place, Dubuque County, Iowa. Lot 3 Julien Care Place, Dubuque County, Iowa Lot 2-1 Julien Care Place, Dubuque County, Iowa (k) Amended Project Area shall mean that portion of the City of Dubuque, Iowa and Dubuque County included within the Original Project Area, Subarea B, Subarea C, Subarea D, Subarea E, Subarea F, Subarea G, Subarea H, Subarea I, and Subarea J, each as described in this Section. (1) Urban Renewal Plan shall mean the Amended and Restated Urban Renewal Plan adopted for the Amended Project Area by Resolution No. 332-16 on September 19, 2016, and any subsequent amendments that may occur. Section 2: The taxes levied on the taxable property in the Amended Project Area, and each subarea thereof, 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 from and after the effective date of this Ordinance shall be divided as hereinafter in this Ordinance provided. 6 Section 3: As to the Original Project Area, 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 Project Area upon the total sum of the assessed value of the taxable property in the Original Project Area as shown on the assessment roll as of January 1, 1987, being the first day of the calendar year preceding the effective date of Ordinance No. 26-88, 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 Subarea B, 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 applicable to property in such Subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 66-97. As to Subarea C, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2007, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 70-08. As to Subarea D, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2007, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 70-08. As to Subarea E, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2013, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No.10-14. As to Subarea F, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2014, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 39-15. As to Subarea G, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2014, being the assessment roll applicable to property in such subarea as of January 1 of the calendar year preceding the effective date of Ordinance No. 55-15. As to Subarea H, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, 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. 7 As to Subarea I, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, 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. As to Subarea J, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2015, 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 sub -area 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, refunded, assumed or otherwise, 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 projects undertaken within the Amended Project Area pursuant to the Urban Renewal Plan, except that taxes for the regular and voter -approved physical plant and equipment levy of a school district imposed pursuant to Section 298.2 of the Code of Iowa and taxes for the instructional support program of a school district imposed pursuant to Section 257.19 (but in each case only to the extent required under Section 403.19(2)), taxes for the payment of bonds and interest of each taxing district, and taxes imposed under Section 346.77 (22) related to joint county -city buildings, 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 construed so as to continue the division of taxes from taxable property in the Amended Project Area under the provisions of Section 403.19 of the Code of Iowa, as authorized in Ordinance No. 55-15, and to fully implement the division of taxes in Subarea H, Subarea I, and Subarea J of the Amended Project Area. In the event that any provision of this Ordinanceshall 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. PASSED AND APPROVED this 19th day of September, 2016. ATTEST: Kevi S. Firnstahl, Cit Jerk Read first time: Kevin J. Lynch, i layor Pro -Tem September 19, 2016 Read second time: Read third time: PASSED AND APPROVED: September 19, 2016.. PUBLISHED: September 23, 2016 9 STATE OF IOWA CERTIFICATE of the CITY CLERK ) SS: COUNTY OF DUBUQUE ) I, Kevin S. Firnstahl, do hereby certify that I am the duly appointed, qualified, City Clerk of the City of Dubuque, Iowa, in the County aforesaid, and as such City Clerk, I have in my possession or have access to the records of the proceedings of the City Council. I do further state that the hereto attached Ordinance No. 49-16 is a true and correct copy of the original. In Testimony Whereof, I hereunto set my hand and official seal of the City of Dubuque, Iowa. Dated at Dubuque, Iowa, on this 20th day_ of Septembei 2016. Kevin S. Firnstah ,, City Clerk Prepared by: Jill Connors, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4393 Return to: Kevin S. Firnstahl, City of Dubuque, 50 W. 13th Street, Dubuque, IA 52001 (563) 589-4121 AMENDED and RESTATED URBAN RENEWAL PLAN Dubuque Industrial Center Economic Development District City of Dubuque, Iowa This Amended and Restated Urban Renewal Plan provides for the continued development of the Dubuque Industrial Center Economic Development District, originally established by Resolution 130-88 of the City Council of the City of Dubuque, Iowa on May 2, 1988 and thereafter amended and restated by Resolution 484-90 on December 17, 1990, Resolution 142-97 on April 7, 1997, Resolution 478-97 on November 17, 1997, Resolution 15-08 on January 7, 2008, Resolution 101-08 on March 17, 2008, Resolution 109-08 on April 7, 2008, Resolution 87-11 on March 7, 2011, Resolution 171-13 on June 3, 2013, Resolution 197-15 on June 1, 2015, Resolution 309-15 on September 8, 2015, and Resolution 332-16 on September 19, 2016. Prepared by the Economic Development Department. Version 2016.1 2 TABLE OF CONTENTS A. INTRODUCTION .................................................................................................. 3 B. OBJECTIVES ....................................................................................................... 4 C. DISTRICT BOUNDARIES .................................................................................... 4 D. PUBLIC PURPOSE ACTIVITIES ......................................................................... 5 E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS ................................ 7 F. LAND ACQUISITION AND DISPOSITION .......................................................... 8 G. FINANCING ACTIVITIES ..................................................................................... 9 H. STATE AND LOCAL REQUIREMENTS ............................................................ 11 I. DURATION OF APPROVED URBAN RENEWAL PLAN .................................. 11 J. SEVERABILITY ................................................................................................. 12 K. AMENDMENT OF APPROVED URBAN RENEWAL PLAN.............................. 12 L. ATTACHMENTS ................................................................................................ 12 3 AMENDED and RESTATED DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT URBAN RENEWAL PLAN City of Dubuque, Iowa A. INTRODUCTION This AMENDED and RESTATED URBAN RENEWAL PLAN (the "Plan") has been prepared to provide for the further development and redevelopment of the DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT (the "District") first established by the City of Dubuque on May 2, 1988. Its intent is to stimulate economic development activities 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 Dubuque Industrial Center Economic Development District Urban Renewal Plan adopted by Resolution 130-88 of the City Council of the City of Dubuque, Iowa on May 2, 1988 and subsequently amended by Resolution 484-90 on December 17, 1990, Resolution 142-97 on April 7, 1997, Resolution 478-97 on November 17, 1997, Resolution 15-08 on January 7, 2008, Resolution 101-08 on March 17, 2008, Resolution 109-08 on April 7, 2008, Resolution 87-11 on March 7, 2011, Resolution 171-13 on June 3, 2013, Resolution 197-15 on June 1, 2015 Resolution 309-15 on September 8, 2015, and Resolution 332-16 on September 19, 2016. This Plan shall serve as a new urban renewal plan for the District described herein. The division of taxation authorized by Section 403.19 and the separation of incremental taxes as defined in Section 403.l9(2) have been implemented in the existing area of the District (the different areas of the District are hereinafter referred to as Subareas). Under the terms of this Amended and Restated Plan, the tax increment mechanism shall be continued and implemented within a new Subarea being added to the District. Incremental taxes shall continue to be determined separately with respect to each of the Subareas comprising the District, and when collected shall be applied, subject to such liens and priorities as may exist or be from time to time provided, with respect to the Amended and Restated Dubuque Industrial Center Economic Development District, as so amended. 4 B. OBJECTIVES The primary objectives of the Plan are the development and redevelopment of the District for economic development activities, primarily industrial park development, through: 1. Provision of marketable industrial development sites for the purpose of job-creating economic development activities; 2. Provision of public infrastructure improvements, including sanitary sewer, water and stormwater detention, supportive of full development of the District; 3. Provision of a safe, efficient and attractive circulation system; 4. Establishment of design standards which will assure cohesive and compatible development and redevelopment of the District; 5. Provision of public amenities that provide an aesthetically appealing environment, including open space, buffering, landscaping, water features, signage and lighting to create a distinctive and attractive setting; 6. Creation of financial incentives necessary to encourage new and existing businesses to invest in the District; and 7. Expansion of the property tax base of the District. C. DISTRICT BOUNDARIES The District is located entirely within the County of Dubuque, State of Iowa. Most of the District, including all of Subareas A, B, C, D, E, G, and H currently is within the corporate limits of the City of Dubuque. In accordance with Iowa Code Section 403.17(4), Dubuque County consented to the inclusion of Subarea F in the District in a Joint Agreement between the City and County, dated April 20, 2015. The City expects that Subarea F ultimately will become part of the City of Dubuque. In accordance with Iowa Code Section 403.17(4), Dubuque County consented to the inclusion of Subareas I and J in the District in a Joint Agreement between the City and County, dated August 8, 2016. The City of Dubuque believes that the objectives of the Plan can best be accomplished by defining the real property included within the District as ten separate areas so as to distinguish the original District (Subarea A) from the subsequent expansion areas (Subareas B, C, D, E, F, G, H, I, and J). 5 The descriptions of the boundaries of each Subarea are attached to this Plan as ATTACHMENT D, District Boundary Description by Subarea. The boundaries of the District are delineated on the Subarea Map, attached to this Plan as ATTACHMENT A. The City of Dubuque reserves the right to further 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 has and expects to continue to initiate and support development and redevelopment of the District through, among other things, the following PUBLIC PURPOSE ACTIVITIES: 1. Acquisition of property for public improvements and private development; a.) These activities include, but are not limited to, previously approved consultant work that will examine and identify future areas for acquisition and industrial park development. b.) These activities also include the acquisition of property that is included in Subarea H and other previously approved Subareas of this Plan. 2. Demolition and removal of buildings and improvements not compatible with or necessary for industrial park development and all site preparation and grading required in connection with such development; a.) These activities include, but are not limited to, the previously approved site work and grading associated with the development of the Dubuque Industrial Center, the Dubuque Industrial Center West and Dubuque Industrial Center South, including the new Subarea G. 3. Improvement, installation, construction and reconstruction of streets, utilities and other improvements and rights-of-ways including but not limited to the relocation of overhead utility lines, street lights, construction of railroad spur tracks, appropriate landscaping and buffers, parks and open space and signage; a.) These activities include, but are not limited to, the previously approved development of road, water, wastewater, and storm water infrastructure associated with the development of the Dubuque Industrial Center, the Dubuque Industrial Center West and the Dubuque Industrial Center South. 6 b.) These activities include, but are not limited to, the previously approved development of the Bergfeld recreational area, pond, and walking trail, as well as additional signage and trail improvements. c.) These activities also include the construction and installation of supporting infrastructure within Subarea G. 4. Disposition of any property acquired in the District, including sale, initial leasing or retention by the City itself, at its fair value; 5. Preparation of property for development and redevelopment purposes including but not limited to activities such as appraisals and architectural and engineering studies; b.) These activities include, but are not limited to, the previously approved site work and grading associated with the development of the Dubuque Industrial Center, the Dubuque Industrial Center West and Dubuque Industrial Center South. 6. Maintenance of publicly utilized recreational and economic development areas; a.) These activities include, but are not limited to, general landscaping and maintenance expenses in public right-of-way and undeveloped land owned by the City of Dubuque. 7. Use of tax increment financing, loans, grants and other appropriate financial tools in support of eligible public and private development and redevelopment efforts; a) These activities also include, but are not limited to, previously approved property tax rebate agreements with: • Leo A. Theisen and Theisen Supply, Inc.; • A.Y. McDonald Mfg. Co.; • Green Industrial Supply; • Walter Development, LLC and TM, Inc.; • Spiegel Family Realty Company; • Progressive Processing, LLC/Hormel; • ITC Midwest LLC; • Medline Industries, Inc.; • Art’s-Way Vessels, Inc.; • Kendall/Hunt Publishing Company, Westmark Enterprises, Inc. and Great River Technologies, LLC.; • P&L Venture, LLC, and National Dentex; 7 • Dubuque Screw Products, Inc.; • Giese Properties, LLC and Giese Manufacturing Company, Inc. (Phase I and II); • Faley Properties, L.L.C. and Faley Enterprises, Inc. • Malay Holdings, LLC, and Vanguard Countertops, Inc. • Tri-State Industries • TriState Quality Metals, LLC • Roasting Solutions, LLC a.) These activities include, but are not limited to, previously approved agreements to sell bonds, leveraging tax increment financing on capital improvement for; • American Tank and Fabrication, Co. (formerly Vessel Systems, Inc.) for the development of a 31,000 square feet industrial manufacturing facility at 8025 Chavenelle Road. • The Adams Company for the development of a 50,000 square foot industrial facility at 8040 Chavenelle Road. 8. Enforcement of applicable local, state and federal laws, codes and regulations; 9. Enforcement of established design standards in furtherance of quality development; 10. Development and implementation of a marketing program for the purpose of promoting the purchase and development of industrial sites by private developers; 11. Coordination and cooperation with the improvement of Seippel Road as it affects Subarea B's accessibility to U.S. Highway 20. 12. Contracts with vendors to promote business retention, expansion, recruitment, and workforce development; a.) These activities include, but are not limited to, a contract for service with the Greater Dubuque Development Corporation to promote business retention and expansion, workforce development, new business recruitment and commercial and industrial expansion in the District. b.) These activities include, but are not limited to, related legal expenses. 13. Construction by the Count of one or more County-owned buildings in Subareas I and/or J. 8 Public purpose activities are limited to those areas delineated on the URBAN RENEWAL DISTRICT map (Attachment A). All public purpose activities shall be conditioned upon and shall meet the restrictions and limitations placed upon the District by the Plan. E. DEVELOPMENT & REDEVELOPMENT REQUIREMENTS The LAND USE and PLANNING AND DESIGN CRITERIA set forth herein shall apply to any and all District properties the development and/or the redevelopment of which is assisted by the City through any of the PUBLIC PURPOSE ACTIVITIES listed above. 1. Land Use Subareas A, B, C, D, E, F, G, H, I, and J shall continue to be developed under the regulations of the existing Dubuque Industrial Center Planned Industrial District. The allowed uses provide for a mix of commercial and industrial land use activities within a quality industrial park setting. LAND USE maps (Attachments B-1 and B-2) identify the existing and the proposed land uses within Subareas A, B, C, D, E, F, G, H, I, and J. 2. Planning and Design Criteria The planning criteria to be used to guide the physical development of Subareas A, B, C, D, E, F, G, and H are those standards and guidelines contained within the City of Dubuque's Unified Development Code and other applicable local, state and federal codes and ordinances. a. Subarea A development will continue to be additionally governed by the Conditions of Development and Operation Documents of the Dubuque Industrial Center Planned Industrial District as amended from time to time. b. Subareas B, C, D, E, and F will develop under a PI Planned Industrial District ordinance as required by Section 16-5-24 of the City of Dubuque’s Unified Development Code. Development will follow the Planned Unit Development regulations which require a conceptual development plan and specific design and performance standards to be approved by ordinance. c. Subareas G and H are intended to develop as an Industrial area similar to Subareas B, C, D, E, and F. d. Subareas I and J are located in Dubuque County outside of City of Dubuque corporate limits and therefore are not subject to City Development Codes. 9 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 City has acquired substantially all of the land located within the District except Subareas I and J and has made the same available for private development in accordance with this Plan. 2. Land Disposition All City owned land that is available for development within the District, 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 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 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. 3. Relocation Requirements No relocation is anticipated at this time. G. 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 funds to qualified industries and businesses is necessary to aid in the planning, undertaking and completion of urban renewal projects authorized under this Plan 10 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 located within the District. 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. 2. Tax Increment Financing 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, tax rebate agreements and/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 development of new industrial land 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 infrastructure improvements and facilities within the District; c. Acquisition, installation, maintenance and replacement of public 11 investments throughout the District including but not limited to street lights, landscaping and buffers, signage and appropriate amenities; d. Acquisition of land and/or buildings and preparation of same for sale or lease to private developers, including any "write down" of the sale price of the land and/or building; e. Preservation, conservation, development or redevelopment of buildings or facilities within the District to be sold or leased to qualified businesses; f. Loans or grants to qualified businesses under Chapter 15A of the Iowa Code, including tax rebate payments, 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. h. Any of the costs incurred in connection with any of the PUBLIC PURPOSE ACTIVITIES described in Part D of this Plan. 3. 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 within the District, will not exceed $50,000,000. The City of Dubuque’s current general debt subject to the constitutional debt limit is $158,143,742 (a list of the outstanding obligations is found at Attachment C) and the applicable constitutional debt limit is $207,174,109 for the Fiscal Year ending June 30, 2017, which is the fiscal year immediately following the update of this Plan. 12 H. STATE AND LOCAL REQUIREMENTS All provisions necessary to conform with state and local laws have been complied with by the City of Dubuque in the implementation of this Plan and its supporting documents. I. DURATION OF APPROVED URBAN RENEWAL PLAN 1. Subarea A This Plan shall continue in effect for Subarea A until terminated by action of the City 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. 2. Subareas B, C, D, E, F, G, H, I, and J This Plan shall continue in effect until terminated by the City Council; provided, however, that the collection of tax increment revenues from properties located in Subareas B, C, D, E, F, G, H, I, and J shall be limited as provided by law (currently twenty (20) years from the calendar year following the calendar year in which the City first certifies to the County Auditor the amount of any loans, advances, indebtedness or bonds which qualify for payment from the division of tax increment revenue provided for in Section 403.19 (tax increment financing) of the Iowa Code.) 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. J. 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 Plan shall be construed and implemented as if such provision had never been contained herein. K. 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. 13 L. ATTACHMENTS A Urban Renewal District Map B Land Use Maps B-1 Existing Land Use B-2 Proposed Land Use C List of General Obligation Debt D Legal Descriptions �maRErRxs°x-��:< I 6 TURP 1 dri�•� " � '� '2i -d 3 _ V Attach nertt 1 OANN°R p ST `ti` P ELN / �� D R 'A V! ,MPXI�PX Ci i — .R 'N, ' j" Dubuqudl '�st�Nri� I Cent ECono 'c=Devlop e� b' # i s uxc rExxsUvaxiP PVE- � a, L * � MIDDLER° ,.. s I 4a,, N;w xxl , �� !m'ERCERPRR _ EUTUR and 1 '.. . /� � y WF �•'m �MPRESTC°R� MxERU f E SubareaA Subarea 8 r' N �E.RI / SubareaC iP / Subarea D o Subarea E 6 c Subarea F Subarea G �f 1 q i E Subarea H ( . h wTTmexam.no � I ` Subarea I - „�. s Subarea! NORTH H:\Econ omit Developmentban Reneval Districts\Dubuquelndustrial Centpry2Q16 Suba�( H-J\_gttac6t 7/14/2016 � Dubuque City Limits Attac�n4ent B-1 kis'ting Land s MRSSYC 'Orr" «N.IrHRANGEC, Dubuque Indpstria C nter Economic .D bpment is i t A PPYE-- _ s . • N?- -_ P NNSLYPN � _ WFRFMPRNOP � ,gam 1 .E1IRnn 9 4.+� I MME KEPAR�� CT 1 1 ..� .� f "Aca", 1 I ( _.+ �JO 3 • .��ARAJESTC 0R+ auMrao NORTH City Existing Land Use-Agriculture 7 City!Existing Land Use- Commercial in • City!Existing Land Use- Heavy Industrial r,. .NE�PPELR City!Existing Land Use- Light Industrial _ J City!Existing Land Use- Open Space City!Existing Land Use- Park City!Existing Land Use- Single Family City!Existing Land Use- Vacant . �.. 4•r / I + County Existing Land Use-Agriculture wrnwe�'^M R°� County!Existing Land Use- !Exempt H\Economic Deverpment\U an Renewal Districts\Dubuque Industrial Center\2016\Subareas flttachr>ien� l Exiuing Lan se nnxA Dubuque City Limits ]/13/2016 // y .... l Attacl'imy�t`�-2: Prop4p—o and use. � NpNG. s 1 ,,° p ° b que Industrial Cent�raCconomrc Developra�ert Disct M r ENN=<Va aVE , MIOOLE PO- � y *I I p 71 NwESTBRCaDt / / � a 6 i/J MM d .s, _Feq I/ 1 uF aN V r ry J. i 11 DRp�V410— I P pO - J NORTH -� Heavy Industrial g + Light Industrial a E ] Mixed Residential 0 Open Space Park . � COTIINGNPMRO/ / Rural Density Residential i + Single Family H�Economic Development\Urban Renewal Distrirs\Dubqua11Rd01 ustrial Center6201665ubareas H) n 1 op andU; � Dubuque City Limits ]/13/2016 N Attachment C: Bonded Indebtedness City of Dubuque Summary of Bonded Indebtedness Date Average year of Amount Principal Principal Interest Principal Description of Interest Final of Outstanding Due Due Outstanding Issue Rate Payment Issue 6/30/16 FY 2017 FY 2017 6/30/17 General Obligation Bonds (Essential Corporate Purpose) Stormwater Refunding 04-04-16 2.9127% 2028 6,270,000 5,965,000 555,000 167,700 5,410,000 DICW Expansion-Non Taxable-Refuntling 04-04-16 2.9127% 2023 3,175,000 3,030,000 560,000 79,550 2,470,000 Sewer System Improvements&Ext. 12-01-07 3.6596% 2017 1,055,000 135,000 135,000 4,928 - GDTIF Kephart's Building-Refunding 04-04-16 2.9127% 2023 200,000 200,000 25,000 5,500 175,000 GDTIF Library Renovation-Refuntling 04-04-16 2.9127% 2023 1,275,000 1,275,000 170,000 34,850 1,105,000 DICW Expansion-Taxable 11-04-08 5.5369% 2018 2,465,000 830,000 400,000 45,650 430,000 Airport Improvements 11-05-09 3.2913% 2029 230,000 170,000 10,000 8,530 160,000 Fire Truck Replacement 11-05-09 3.2913% 2029 1,410,000 1,050,000 65,000 52,590 985,000 Street Fiber Optic Paving 11-05-09 3.2913% 2029 100,000 70,000 5,000 3,495 65,000 Streetlight Replacement 11-05-09 3.2913% 2018 40,000 10,000 5,000 415 5,000 Stormwater Improvements 11-05-09 3.2913% 2029 1,155,000 865,000 55,000 43,290 810,000 Parking Central Ave Parking Ramp 11-05-09 3.2325% 2029 9,310,000 6,950,000 430,000 345,968 6,520,000 DICW North Siegert Improvements 11-05-09 3.2325% 2029 1,865,000 1,395,000 85,000 69,394 1,310,000 America's River Refunding 11-05-09 2.7913% 2021 8,885,000 4,075,000 750,000 163,000 3,325,000 GDTIF Main Street-Refunding 08-02-10 2.4203% 2021 705,000 350,000 65,000 9,656 285,000 Airport 08-02-10 3.2838% 2030 176,360 139,589 7,729 4,696 131,860 Building Smart Meters for City Buildings 08-02-10 3.2838% 2030 62,835 49,734 2,754 1,673 46,980 Park Water System Study 08-02-10 3.2838% 2030 83,518 66,106 3,660 2,224 62,446 Refuse 08-02-10 3.2838% 2030 69,946 55,362 3,065 1,862 52,297 Stormwater Improvements 08-02-10 3.2838% 2030 1,667,481 1,319,813 73,077 44,400 1,246,736 Public Works Equipment Replacement 08-02-10 3.2838% 2030 542,488 429,380 23,774 14,445 405,606 Street Improvements 08-02-10 3.2838% 2030 270,822 214,355 11,868 7,211 202,487 Sanitary Improvements 08-02-10 3.2838% 2030 891,550 705,662 39,072 23,739 666,590 GDTIF Downtown Housing RFP/40 Main 08-02-10 4.6650% 2030 2,675,000 2,205,000 105,000 101,428 2,100,000 GDTIF Millwork District Parking 08-02-10 3.3265% 2030 2,825,000 2,240,000 125,000 73,450 2,115,000 Street Southwest Arterial 08-01-11 3.3045% 2031 1,029,285 856,925 44,716 29,168 812,209 Refuse 08-01-11 3.3045% 2031 36,615 30,483 1,591 1,038 28,892 Sanitary Sewer Improvements 08-01-11 3.3045% 2031 1,374,068 1,143,972 59,695 38,938 1,084,277 Stormwater Improvements 08-01-11 3.3045% 2031 2,287,260 1,904,244 99,367 64,817 1,804,877 Parking Iowa Street Ramp Improvements 08-01-11 3.3045% 2031 60,720 50,552 2,638 1,720 47,914 Water System Improvements 08-01-11 3.3045% 2031 1,542,052 1,283,824 66,993 43,700 1,216,831 Building 18th Street Improvements 08-01-11 3.5863% 2026 620,041 464,054 38,996 16,502 425,058 DICW Expansion-South Siegert Farm 08-01-11 3.5863% 2026 378,965 283,629 23,834 10,086 259,795 Parking Port of Dubuque Parking Ramp 08-01-11 3.5863% 2026 590,994 442,318 37,169 15,728 405,149 GDTIF Intermodal 03-15-12 2.5444% 2031 4,380,000 3,760,000 210,000 90,712 3,550,000 Stormwater Improvements 03-15-12 2.7031% 2031 1,935,000 1,595,000 90,000 46,338 1,505,000 GDTIF 7th Street/2-Way Conversion 03-15-12 2.7031% 2031 5,560,000 4,775,000 270,000 120,194 4,505,000 GDTIF Washington Neighborhood Business Incentie 06-28-12 3.1972% 2032 755,000 685,000 35,000 19,405 650,000 Airport Improvements 06-28-12 3.1972% 2032 90,000 60,000 10,000 1,285 50,000 Airport Improvements 06-28-12 3.1972% 2032 2,145,000 1,865,000 95,000 56,678 1,770,000 DICW Expansion-South Siegert Farm-Taxable 06-28-12 3.1972% 2032 3,975,000 3,460,000 180,000 105,160 3,280,000 DICW Expansion-South Siegert Farm-Non-taxable 06-28-12 2.7903% 2032 425,000 375,000 20,000 11,562 355,000 Tech South Airport Utility Extension 06-28-12 2.7903% 2018 945,000 395,000 195,000 11,850 200,000 Fire Pumper 06-28-12 2.7903% 2027 269,800 216,550 17,750 6,497 198,800 Fire Station#4 Improvements 06-28-12 2.7903% 2022 65,000 50,000 5,000 1,500 45,000 E911 Tower Relocation 06-28-12 2.7903% 2027 235,800 192,600 15,300 5,778 177,300 Park Improvements-15 year Bonds 06-28-12 2.7903% 2027 65,500 53,500 4,250 1,605 49,250 Civic Center Improvements 06-28-12 2.7903% 2027 550,200 449,400 35,700 13,482 413,700 Building-Conference Center Improvements 06-28-12 2.7903% 2022 60,200 47,300 4,300 1,419 43,000 City of Dubuque Summary of Bonded Indebtedness Average year of Amount Principal Principal Interest Principal Description Interest Final of Outstanding Due Due Outstanding L g Rate Payment Issue 6/30/16 FY 2017 FY 2017 6/30/17 General Obligation Bonds (Essential Corporate Purpose) Recreation Improvements-10 year bonds 06-28-12 2.7903% 2022 9,800 7,700 700 231 7,000 Library Improvements 06-28-12 2.7903% 2022 65,500 53,500 4,250 1,605 49,250 Building City Hall Brickwork 06-28-12 2.7903% 2027 393,000 321,000 25,500 9,630 295,500 FEMA Land Buyout 06-28-12 2.7903% 2027 110,200 88,450 7,250 2,654 81,200 Parking Locust Ramp Security Cameras 06-28-12 2.7903% 2033 175,000 160,000 10,000 4,913 150,000 Sanitary Sewer Improvements 06-28-12 2.7903% 2033 1,560,000 1,365,000 65,000 42,094 1,300,000 Stormwater Improvements 06-28-12 2.7903% 2033 405,000 360,000 20,000 11,100 340,000 Water System Improvements 06-28-12 2.7903% 2033 1,840,000 1,610,000 80,000 49,650 1,530,000 Water Main and Water Tower-Refunded 12-04-12 3.8187% 2017 3,105,000 205,000 205,000 2,255 - Parking Refinanced Portions 5th/3rd StAA Ramps 12-10-12 1.2193% 2021 5,541,573 2,788,000 720,000 37,538 2,068,000 Airport Refinanced Portions of T-Hangars 12-10-12 1.2193% 2020 405,365 217,000 45,000 3,006 172,000 DICW Expansion-Consultant 12-10-12 2.5337% 2032 151,462 137,660 7,431 3,310 130,229 Tech SoutlF Granger/Airport Utilities 12-10-12 2.5337% 2018 245,000 120,000 60,000 2,400 60,000 GDTIF 5th St Restr00m/MFCA2all Platform 12-10-12 2.5337% 2032 1,988,538 1,807,340 97,568 43,459 1,709,772 GDTIF MCIC/ADA Assist./Econ.Dev Grants 12-10-12 1.7008% 2032 1,035,000 790,000 125,000 13,309 665,000 Police Software Replacement 12-10-12 2.4872% 2022 355,950 255,150 34,650 5,150 220,500 Park Improvements-10 year bonds 12-10-12 2.4872% 2022 209,050 149,850 20,350 3,025 129,500 Park Improvements-10 year bonds 12-10-12 2.4872% 2022 171,808 124,968 19,562 2,987 105,406 Recreation Improvements-10 year bonds 12-10-12 2.4872% 2027 14,924 12,624 961 308 11,663 Library Improvements 12-10-12 2.4872% 2027 173,992 145,993 11,693 3,560 134,300 Street Southwest Arterial 12-10-12 2.4872% 2032 1,280,545 1,112,444 56,895 26,689 1,055,549 Sanitary Forcemain Repair 12-10-12 2.4872% 2032 655,239 568,515 30,112 14,022 538,403 Stormwater 7th Street Stormwater Improvements 12-10-12 2.4872% 2032 134,342 116,561 6,174 2,875 110,387 Water System Improvements 12-10-12 2.4872% 2032 644,151 558,897 29,602 13,784 529,295 Stormwater Sales Tax Revenue -GO 05-19-14 3.2309% 2029 7,190,000 7,190,000 323,100 7,190,000 GDTIF Tax-Exempt Projects 11-17-14 3.3000% 2034 190,000 190,000 5,904 190,000 Fire Amb/Building HVAC/Bunker Irrigation/Park 11-17-14 3.3000% 2025 715,000 650,000 65,000 14,267 585,000 Airport New Terminal Furnishings-Sales Tax 11-17-14 3.3000% 2026 55,000 50,000 5,000 1,500 45,000 Fire Station#21Park Improvements 11-17-14 3.3000% 2034 320,000 305,000 15,000 8,849 290,000 Public Works Equipment Replacement 11-17-14 3.3000% 2022 305,000 265,000 40,000 4,860 225,000 PW Curb Ramp/Engineering Street Improv 11-17-14 3.3000% 2034 1,250,000 1,195,000 55,000 34,959 1,140,000 Police CAD Software-Gaming 15 year 11-17-14 3.3000% 2030 260,000 245,000 15,000 6,511 230,000 Airport Terminal Utility Improv-PFC 11-17-14 3.3000% 2034 690,000 660,000 30,000 21,056 630,000 Water 20 year 11-17-14 3.3000% 2034 9,195,000 9,195,000 - 295,131 9,195,000 Sewer 20 year 11-17-14 3.3000% 2034 5,670,000 5,670,000 - 181,425 5,670,000 Parking 20 year 11-17-14 3.3000% 2034 185,000 180,000 5,000 5,015 175,000 GDTIF Taxable 11-17-14 3.9900% 2034 5,670,000 5,670,000 - 216,356 5,670,000 DICW Taxable 11-17-14 3.9900% 2034 1,640,000 1,550,000 90,000 53,100 1,460,000 Parking Taxable 11-17-14 3.9900% 2034 305,000 295,000 10,000 10,220 285,000 Sewer Planned Projects 2016 04-04-16 2.7896% 2035 2,405,000 2,405,000 95,000 71,361 2,310,000 Ham House-Sales Tax 20% 04-04-16 2.7896% 2035 200,668 200,668 8,172 5,956 192,496 Federal Building Roof-Sales Tax 20% 04-04-16 2.7896% 2035 268,404 268,404 10,930 7,968 257,474 Airport New Terminal-Roads/Parking 04-04-16 2.7896% 2036 635,927 635,927 25,897 18,878 610,030 Water Planned Projects 2016 04-04-16 2.7896% 2035 635,000 635,000 20,000 18,867 615,000 Franchise Fee Settlement Judgment Bond 04-04-16 2.9326% 2035 2,830,000 2,830,000 120,000 87,230 2,710,000 Dubuque Initiattves Loan Guaranty(Ends 2025) Future 4.0000% 25,000,000 7,500,000 - - 7,500,000 Ambulance Replacement-10 yr Sales Tax Future 4.0000% 2036 217,000 - 18,030 8,513 198,970 Housing TIF Creekwood Park Future 4.0000% 2024 155,000 7,239 6,200 147,761 GDTIF Five Flags Arena Roof A/C 10 year Future 4.0000% 2035 155,000 12,878 6,081 142,122 GDTIF Bus Barn Designrrransit Soil Future 4.0000% 2035 155,682 5,198 6,184 150,484 Skate Park/Flora Park Restroom Future 4.0000% 2037 635,000 - 21,203 25,225 613,797 Airport New Terminal-TaxiwayF Future 4.0000% 2037 300,000 - 10,017 11,917 289,983 TIF Planned Projects 2017-Bus Barn Future 4.0000% 2037 600,000 - 11,804 10,060 588,196 Parking Planned Projects 2017 Future 4.0000% 2037 295,000 - 5,803 4,946 289,197 Total General Obligation Bonds 185,122,682 119,095,003 7,657,167 3,795,998 113,950,518 City of Dubuque Summary of Bonded Indebtedness Date Average year of Amount Principal Principal Interest Principal Description of Interest Final of Outstanding Due Due Outstanding Issue Rate Payment Issue 6/30/16 FY 2017 FY 2017 6/30/17 Tax Increment Pod of Dubuque Parking Ramp(GDTIF) 10-16-07 7.5000% 2037 23,025,000 20,960,000 440,000 1,572,000 20,520,000 Total Tax Increment Bonds 23,025,000 20,960,000 440,000 1,572,000 20,520,000 Theisen Supply,Inc.TIF Note(DICW) 11-22-06 8.25% 2018 812,278 222,622 104,259 15,741 118,363 40 Main(GDTIF) 08-06-09 2020 690,529 400,768 70,121 25,287 330,647 Total Tax Increment Notes 1,684,807 623,390 174,380 41,028 449,010 Total Tax Increment 24,709,807 21,583,390 614,380 1,613,028 20,969,010 TIF bond issue for the Port of Dubuque Parking Ramp backed by Greater Downtown TIF&a minimum assessment agreement Tax Increment Economic Development TIF Rebate Agreements P&LVerdures (DICW) 01-01-06 Rebate 2019 155,923 51,313 17,104 - 34,209 Dubuque Screw (DICW) 01-01-07 Rebate 2019 339,077 118,340 39,447 - 78,893 Tri-Stales (DICW) 01-01-04 Rebate 2017 393,184 47,171 47,171 - - Ads Way (DICW) 01-01-07 Rebate 2019 250,636 73,110 24,370 - 48,740 Spiegel Spec (DICW) 01-01-07 Rebate 2020 1,515,040 929,336 232,334 - 697,002 Kendall Hurd (DICW) 01-01-07 Rebate 2019 1,531,176 446,342 148,781 - 297,561 Hormel Foods (DICW) 01-01-07 Rebate 2026 6,567,123 4,541,541 648,792 - 3,892,749 Vanguard (DICW) 01-01-06 Rebate 2020 360,653 149,050 37,263 - 111,787 Medline (DICW) 01-01-07 Rebate 2019 1,944,272 665,290 221,763 - 443,527 Giese Properties II (DICW) 01-01-07 Rebate 2019 42,766 14,034 4,678 - 9,356 Faley Properties(DICW) 01-01-12 Rebate 2017 411,498 102,862 102,862 - 0 TM Logistics(Walter)(DICW) 01-01-11 Rebate 2017 112,779 27,191 27,191 - 0 Green Industrial Supply(DICW) 01-01-11 Rebate 2023 1,770,183 1,334,690 190,670 - 1,144,020 Theisen Supply 11(DICW) 02-01-12 Rebate 2019 148,839 95,368 31,789 - 63,579 Ay McDonald(DICW) 12-01-11 Rebate 2020 79,088 74,318 18,580 - 55,738 Franklin Investment(GDTIF) 01-01-12 Rebate 2028 524,421 440,219 36,685 - 403,534 Caradco(GDTIF) 01-01-13 Rebate 2029 1,764,016 1,528,814 117,601 - 1,411,213 Nottingham Properties(GDTIF) 01-01-12 Rebate 2028 19,438 17,544 1,462 - 16,082 Plastic Center(GDTIF) 01-01-12 Rebate 2028 190,349 162,974 13,581 - 149,393 Engine House#1(GDTIF) 01-01-12 Rebate 2027 174,979 135,012 12,274 - 122,738 Flexsteel(GDTIF) 01-01-12 Rebate 2024 1,976,786 1,581,428 197,679 - 1,383,749 44 Main(GDTIF) 01-01-12 Rebate 2022 330,985 197,639 32,940 - 164,699 The Crust(GDTIF) 01-01-10 Rebate 2022 295,452 182,978 30,496 - 152,482 McGraw Hill ll(GDTIF) 01-01-03 Rebate 2018 4,158,047 909,251 454,626 - 454,625 Hadig(GDTIF) 01-01-07 Rebate 2019 99,389 29,323 9,775 - 19,548 Star Brewery(GDTIF) 01-01-06 Rebate 2019 1,430,044 433,868 144,622 - 289,246 Roshek Building(GDTIF) 01-01-06 Rebate 2030 5,125,326 3,771,718 269,408 - 3,502,310 Interstate Building(GDTIF) 01-01-06 Rebate 2020 174,643 71,170 17,792 - 53,378 Victory Cafe(GDTIF) 01-01-10 Rebate 2022 91,387 54,633 9,106 - 45,527 Julien Hotel(GDTIF) 01-01-07 Rebate 2026 3,320,751 2,209,478 220,948 - 1,988,530 C&B Security(GDTIF) 01-01-07 Rebate 2020 496,567 199,000 49,750 - 149,250 Morrison Brothers(GDTIF) 01-01-10 Rebate 2021 170,749 57,097 11,419 - 45,678 Bonson(GDTIF) 01-01-13 Rebate 2029 219,094 189,881 14,606 - 175,275 Linseed Oil(GDTIF) 03-07-13 Rebate 2025 691,920 691,920 - - 691,920 Dubuque Stamp(Dubuque Malting&Brewing) 01-01-06 Rebate 2020 168,756 54,018 13,505 - 40,513 The Rose(Holy Ghost) 01-01-12 Rebate 2024 162,452 129,962 16,245 - 113,717 Kunkel Bounds(Technology Park South) 01-01-06 Rebate 2018 444,291 80,406 40,203 - 40,203 LU Properties (Technology Park South) 01-01-07 Rebate 2019 349,743 101,211 33,737 - 67,474 Conlon Johnson (Technology Park South) 01-01-07 Rebate 2019 810,041 265,451 88,484 - 176,967 Straka Johnson (Technology Park South) 01-01-07 Rebate 2019 174,782 51,004 17,002 34,002 Total 77F Rebates 38,986,644 22,215,956 3,646,741 - 18,569,214 General Funded Leases Various Various On-going 194,160 155,000 155,000 City of Dubuque Summary of Bonded Indebtedness Date Average year of Amount Principal Principal Interest Principal Description of Interest Final of Outstanding Due Due Outstanding Issue Rate Payment Issue 6/30/16 FY 2017 FY 2017 6/30/17 Other Loans-Revenue Backed Tri-Stale Building Purchase(GDTIF) 02-09-10 0.0000% 2016 330,000 47,142 47,142 - - IowaFinanceAuthorityLoan-Caratico 12-01-10 3.0000% 2030 4,500,000 4,500,000 135,000 4,500,000 Total Other Lns-Rev Backed 5,427,945 4,547,142 47,142 135,000 4,500,000 Total City Indebtedness Subject to Debt Limit 254,441,237 167,596,491 11,965,430 5,544,026 158,143,742 Revenue Bonds Parking Bricktown Parking Lot 07-21-08 5.00% 2023 400,000 236,622 26,720 11,501 209,902 Sanitary Northfork Catfish lmprovemerds SRF 01-13-10 3.25% 2031 912,000 697,000 40,000 22,652 657,000 Sanitary Water&Resource Recovery Upgrade SRF 08-18-10 3.25% 2039 74,285,000 67,623,000 2,344,000 1,352,460 65,279,000 Sanitary WRRC Cogeneration SRF 05-17-13 2.00% 2033 3,048,000 2,664,000 133,000 53,280 2,531,000 Sanitary Kerper Boulevard SRF Planned 2.00% 2036 2,400,000 2,400,000 48,066 2,400,000 Sanitary FY 17 Projects SRF Planned 2.00% 2037 1,700,000 34,047 1,700,000 Stormwater Lower Bee Branch Restoration SRF 10-27-10 3.25% 2041 7,850,000 7,005,000 186,000 227,662 6,819,000 Stormwater Lower Bee Branch SRF 09-01-14 2.00% 2034 1,029,000 901,000 45,000 18,021 856,000 Stormwater Northfork Catfish Improv.SRF 01-13-10 3.25% 2031 800,000 611,000 35,000 19,858 576,000 Stormwater Sales Tax Increment Revenue Bond 06-15-15 3.72% 2031 20,800,000 20,800,000 - 762,650 20,800,000 Stormwater Upper Bee Branch SRF 06-17-15 2.00% 2037 29,541,000 13,717,821 430,892 13,717,821 Stormwater Flood Mitigation Project SRF Planned 2.00% 2038 11,500,000 - 70,513 3,835,658 Stormwater West 32nd Detention Basin SRF 01-14-09 3.25% 2028 1,847,000 1,238,000 86,000 40,235 1,152,000 Water FY 17 Projects SRF Planned 2.00% 2037 478,850 9,590 478,850 Water-Clear Well Reservoirs SRF 10-18-07 3.25% 2028 915,000 614,000 43,000 19,955 571,000 Water Meter Change Out Program SRF 02-12-10 3.25% 2031 6,394,000 5,118,000 270,000 166,335 4,848,000 Water System Improvements&Ext. 11-04-08 4.71% 2023 1,195,000 675,000 85,000 44,882 590,000 Water System Improvements&Ext. 08-16-10 3.54% 2030 5,700,000 4,735,000 210,000 186,575 4,525,000 Total Revenue Bonds 170,794,850 129,035,443 3,503,720 3,519,174 131,546,231 Total City Indebtedness 425,236,087 296,631,934 15,469,150 9,063,200 289,689,973 Statutory Debt Limit 196,031,074 207,174,109 %of Debt Limit Used 85.49% 76.33% Remaining Debt Capacity 28,434,583 49,030,367 ATTACHMENT D DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT LEGAL DESCRIPTION: Subarea A of the District consists of the real property legally described as follows: • All of Dubuque Industrial Center Eighth Addition; and • All of Lot 1 Dubuque Industrial Center 13th Addition; and • Lot 2 Dubuque Industrial Center 13th Addition; and • Lot 1-2-2 Dubuque Industrial Center Fifth Addition; and • Lot 1 Dubuque Industrial Center Fifth Addition; and • Lot 1 Dubuque Industrial Center 11th Addition; and • Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and • Lot 1 of 2 of Dubuque Industrial Center Fifth Addition; and • Lot 1-3 Dubuque Industrial Center 12th Addition; and • Lot 1 of lot 3 of final plat of lot 1 of Dubuque Industrial Center First Addition; and • Lot 1 Dubuque Industrial Center 10th Addition; and • Lot 2-3 Dubuque Industrial Center 12th Addition; and • Lots 1 & 2 of final plat of lot 1 of Dubuque Industrial Center First Addition; and • Lot 1 Dubuque Industrial Center 12th Addition; and • Lot 2 Dubuque Industrial Center Ninth Addition; and • Lot 2 Dubuque Industrial Center 12th Addition; and • Lot 2-2 Dubuque Industrial Center Sixth Addition; and • Lot 3 Dubuque Industrial Center Ninth Addition; and • Lot 1 Dubuque Industrial Center Sixth Addition; and • Lot 2 of 2 Dubuque Industrial Center 7th Addition; and • Lot 2-1 Walter Addition; and • Lot 2-1 Walter Addition; and • And all adjoining public right-of-way, all in the City of Dubuque, Dubuque County, Iowa. Subarea B of the District consists of the real property legally described as follows: • Lots 1, 3, 4, 1 of 5, 6 and H of Dubuque Industrial Center West as originally platted; and • Lots 1, 2, 3, 4, 5, 6, 7, 8, and C of Dubuque Industrial Center West 2nd Addition as originally platted; and • Lots 1, 2, 3, 4, B, and C of Dubuque Industrial Center West 4th Addition as originally platted; and • Lots 1 of 1, 1 of 2, 2 of 2, 1 of 3, 2 of 3, 1 of 5, A, C, and D of Dubuque Industrial Center West 5th Addition as originally platted; and • Lots 1, 2, and A of Dubuque Industrial Center West 6th Addition as originally platted; and • Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addition as originally platted; and • Lot 2 of 1 of the Southwest Quarter of the Southwest Quarter and Lot 2 of 1 of the Southeast Quarter of the Southwest Quarter all in Section 30, Township 89 North, Range 2 East, 5th Principal Meridian as originally platted; and • and all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right-of- way lying in the SE 1/4 of Section 30,the SE 1/4 of the SW 1/4 of Section 30, the NW 1/4 of Section 31, and the NE 1/4 of Section 31 all in T89N, R2E, of the 5th P.M. Dubuque County, Iowa, the centerline of which is more particularly described as follows: beginning at a point of intersection with the easterly line of the SE 1/4 of Section 30, T89N, R2E, of the 5th P.M., thence southwesterly along the centerline of said railroad 2,700 feet, more or less a point of intersection with the westerly line of the SE 1/4 of said Section 30; thence southwesterly continuing along said centerline 845 feet, more or less, to a point where the railroad right-of-way widens to 200 feet, said point being the terminus of this description; and • all that part of a 100-foot-wide strip of the Chicago Central Pacific Railroad right-of-way lying in the Balance of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter in Section 29, Township 89 North, Range 2 East, 5th Principal Meridian; and • any adjoining public street right-of-way all in the City of Dubuque, Dubuque County, Iowa. Subarea C of the District consists of the real property legally described as follows: • Lots 1 and 2 of Dubuque Industrial Center North Second Addition; and • Lots 2, 3, C and A of Dubuque Industrial Center North First Addition, excepting that Part of said Lot A originally platted as Lot 2 of the SW %of the NW % of Sec. 30, T89N, R2E of the 5th PM; and • and any adjoining public street right-of-way, all in the City of Dubuque, Dubuque County, Iowa. Subarea D of the District consists of the real property legally described as follows: • Lots 1, 2, and B and all of the right of way of Chavenelle Court in Dubuque Industrial Center West 8th Addition in the City of Dubuque, Dubuque County, Iowa. Subarea E of the District consists of the real property legally described as follows: • All of Lot 1 of 1 and Lot 1 of 2 of the South Fork Subdivision No. 1 as originally platted, including any adjoining public street right-of-way to said lots, all in the City of Dubuque, Dubuque County, Iowa, and; • All of Seippel Road right of way from the north boundary line of Lot 1 of 1 of South Fork Subdivision No. 1 in the City of Dubuque,to the south boundary lines of Lot H of Dubuque Industrial Center West and Lot 1 of Dubuque Industrial Center West 2nd Addition in the City of Dubuque, Dubuque County, Iowa, including crossings at the intersections of Old Highway Road and Chicago Central & Pacific Railroad rights-of-way. Subarea F of the District consists of the real property legally described as follows: • Lot one (1) of Graf Farm Subdivision #2, Dubuque County, Iowa, according to the recorded plat thereof, • Lot 1 of Lot 1 of Lot 1 of Lot 1 of West One-half of Northeast One-quarter, Section 25, Township 89 North , Range 1 East of the 5th Principal Meridian, in Center Township , Dubuque County, Iowa; • Lot 2 in "W.A. Norman Place" in Section 25, Center Township, Dubuque County, Iowa, according to the plat thereof, and • The NW 1/4 of the SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th P.M., in Center Township, Dubuque County, Iowa. Subarea G of the District consists of the real property legally described as follows: • The South one-half of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. • Lot 1 of Lot 1 of the Northwest Quarter of the Northwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. • Lot 2 of McFadden Farm Place #2, in the City of Dubuque, Iowa. • Lot 2 of McFadden Farm Place, in the City of Dubuque, Iowa. • Lot A of Lot 1 of 1 of the Southwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. • Lot A of Lot 1 of 1 of the Northwest Quarter of the Southwest Quarter of Section 29, Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. • All in the City of Dubuque, Dubuque County, Iowa. Subarea H of the District consists of the real property legally described as follows: • Lot 1 of the Northeast% of the Northeast %, and Lot 2 of Lot 1 of Lot 1 of Lot 2 of the Northeast %ofthe Northeast%, of Section 30, in Township 89 North, Range 2 East of the 5th Principal Meridian, in the City of Dubuque, Iowa. Subarea I of the District consists of the real property legally described as follows: • Lot 2 Seippel Road Place #2, Dubuque County, Iowa. • Lot 2-1-1 of the Southeast Quarter of the Southeast Quarter of Section 25, Township 89 North, Range 2 East of the 5th Principal Meridian, Dubuque County, Iowa Subarea J of the District consists of the real property legally described as follows: • Lot 2 Julien Care Place, Dubuque County, Iowa. • Lot 3 Julien Care Place, Dubuque County, Iowa • Lot 2-1 Julien Care Place, Dubuque County, Iowa Dubuque Planning Services Department THE COF � City Hall-50 West 131h Street A®-Ofta0y Dubuque,IA 52001-4805 1 I (563)589-4210 phone ITYU S E 111.r (563)589-4221 fax (563)690-6678 TDD Masterpiece on the MtSS1SSipp 2007.2012.2013 planning@cityofdubuque.orf September 12, 2016 The Honorable Mayor and City Council City of Dubuque 50 W.13th Street Dubuque, IA 52001 RE: Amendment of the Dubuque Industrial Center Economic Development District— Subareas H, I and J Dear Mayor and City Council Members: Introduction On August 17, 2016, the Long Range Planning Advisory Commission reviewed the proposed expansion of the Dubuque Industrial Center Economic Development District to add three new areas known as Subareas H, I and J. Discussion The amendment will expand the district to include the property at 6450 Pennsylvania Avenue (Subarea H) and two areas of land owned by Dubuque County (Subareas I and J) that are located outside of but within two miles of the city limits. The Commission reviewed the objectives of the Dubuque Industrial Center Economic Development District, and found the amendment is consistent with the 2012 Dubuque Comprehensive Plan which supports sufficient opportunities for industrial development sites within the community; retention and expansion of existing, and attraction of new, industrial development opportunities in suitable locations; and encourages annexation of land suitable for industrial use if necessary. The Commission found the amendment is a logical expansion of the current Industrial Park and will be attractive to industries as well as Dubuque County. Recommendation By a vote of 5-0, the Long Range Planning Advisory Commission recommends approval of the amendment to the Dubuque Industrial Center Economic Development District as it is consistent with the 2012 Dubuque Comprehensive Plan. Respectfully submitted, Chad Darter, Chairperson Long Range Planning Advisory Commission cc: Michael Van Milligen, City Manager Maurice Jones, Economic Development Director FAUsers\Djohnson\Council Items\Urban Renewal&Revitilization Districts\DIC ED-Subareas H,I and J.doc Service People Integrity Responsibility Innovation Teamwork MINUTES CONSULTATION WITH AFFECTED TAXING BODIES for the following URBAN i RENEWAL PLAN: Dubuque Industrial Center Economic Development pwent District Tuesday, August 23, 2016 at 9:00 a.m. City Hall, Conference Room B, Second Floor 50 W. 13th Street Dubuque, Iowa 52001 Meeting commenced 9:00 A.M. Present: No representative from the taxing bodies were in attendance. Meeting adjourned: 9:20 A.M. IL Maurice Jones Economic Develop t Director, City of Dubuque i STATE OF IOWA {SS: DUBUQUE COUNTY CERTIFICATION OF PUBLICATION I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher of the Telegraph Herald,a newspaper of general circulation published in the City of Dubuque, County of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper on the following dates: September 23, 2016, and for which the charge is $227.81. Subscribed to before me, atary Public in and for Dubuque County, Iowa, this ,174.5 day o ,20 4 . Notary Public in and for Dubuque County, Iowa. MARY F{, WES i ERMEYER Commission Number 154885 My Comm. Exo, FEB, 1, 2017 thonline.com • Telegraph -`Herald • Friday, September 23, 2016 7C mean that I portion of on the assessment roll the provision of this Lot 1-2-2 Dubuque In-. Lots 1 and 2 of Dubu- dustrial' Center . Fifth que Industrial Center ;Addition:,and • North Second Addition; . Lot 1 Dubuque •Indus- and • ' 'trial Center Fifth:_Addi- Lots 2, 3, C and A of tion; and • bubi. lue '' Industrial • Lot 1F,Dubuque Indus- ..Center North First rAd- !trial Center -11th' Addi " .dition, excepting • that tion :arid Part of `said LotA origi ' Lot 1'of,2 of Dubuque nally platted as Lot 2 of 'Industrial Center Fifth theSW 1/4 of,the'NW Y4 Add{tion, and,., • ' , of Sep 30, T89N R2E'of • Lot 1 _of 2,of Dubuque the 5th PM; arld Industrial• Center Fifth ` and .any adjoining ,�, h Addition and, •pylblic street right of OFFICIAL, , Lot 1-3 Dubuque In tray f all in the City, of ;PUBLICATION . dustrial Center 12th Du uque,''t I Dubuque ORDINANCE NO; 49.16' Addition and , County Iowa„ AMENDING, 'ORDI .,Lot 1 of lot 3 of final (d),Suparea D,shall NANCE NO. '‘_55:15; plat of, lot 1 of Dubuque mean that' portion of PREVIOUSLY AMEND -Industrial Center First 'the City,.of Dubuque, ED,,PROVIDING•THAT Addition and Iowa described as • GENERAL 'PROPERTY Lot 1 Dubuque Indus- Subarea ,'D" ' in' the' TAXES LEVIED ''AND', trial Center 10th Addi- •Amended°and'Restated' COLLECTED'. EACH tion; and i. Urban Renewal Plan for YEAR ON ,ALL PROP- , ' Lot 2-3 Dubuque In- the Dubuque Industrial ERTY LOCATED"dustrial Center: 12th Center 'Edonomic'"De: WITHIN THE: AMEND- ' Addition; and ` velopm.ent District' Ur - ED AND RESTATED Lots 1 & 2 of•final plat ban Renewal Area ap- DUBUQUE INDUSTRI- of lot '1'of Dubuque In- ',`proved by Resolution • AL,CENTER ECONOM dustrial Center First No. 109-08 on April 7, IC.� DEVELOPMENT Addition and .:2008, which Subarea D DISTRICT' URBAN' RE- Lot 1 Dubuque' Indus includes the lots `and NEWAL AREA OF THE trial:center 12th' Addi-', :parcels,, located within CITY OF' DUBUQUE, tion; and i ,the area.legally desOri- COUNTY OF DUBU-. Lot2',Dubuque.`lndus 'bed as follows: QUE, STATEOF IOWA, trial Center Ninth Addl- "Lots 1; 2; and B and' all BY AND ''. FOR THE tion; and ; of the right of way of BENEFIT ,' OF , THE Lot 2.Dubuque Indus- Chavenelje Court in STATE OF,IOWA,CITY trial Center 12th Addi- • 'Dubuque" Industrial OF DUBUQUE,,000N=: tion; and Center=,West.8th Addi- TY'OF DUBUQUE, DU Lot 2-2 Dubuque In- :tionin the City 9f,Du- . BUQUE COMMUNITY dustrial Center` Sixth buque, Dubuque Coun- SCHOOL DISTRICT, Addition;and ty, Iowa. ` AND OTHER TAXING ' Lot 3 Dgbuque.Indus- ,• (e) Subarea E shall DISTRICTS,,` BE PAID trial Center Ninth Addi- mean that. portion of TO' A SPECIAL FUND tion; and ' the City of'Dubuque; FOR PAYMENT OF Lot 1 Dubudue.indus lows• ' PRINCIPAL ;'AND IN-- trial Center Sixth Add(-, .. described as Subarea • TEREST i3O,N LOANS, tion; and . Loin the Amended .and MONIES ADVANCED Lot 2?of 2 Dubuque In; Restated Urban Renew • - TO AND' '`INDEBTED= dustrial Center 7th Ad-, al Plan forthe Dubuque NESS, •INCLUDING dition and `Industrial ' Center Eco BONDS ISSUED OR TO ' • Lot 21'Walter Addi norma , Development BE.ISSUED,`.INCURRED . tion; and -,, District Urban Renewal BY SAID CITY IN CON- Lot -2-1 WalterAddi- Area approved` by Res NECTION WITH THE tion; and - • olution No. 8741. 'on AMENDED;:AND •RE? And all adjoining pub-• March 7,' 2011, which STATED DUBUQUE IN- lic,right of -way, all in Subarea E includes the DUSTRIAL":` CENTER . the 'City of Dubuque, lots and .parcelslocat- ECONOMIC,DE1(ELOP. i Dubuque County, Iowa. ed within the area le- MENT DISTRICT UR- The Original: Project • gaily. described as'foi BAN RENEWAL REDS= Area` is -referred to as : lows:' . ' • VELOPMENT : PROJ- "Subarea -A" in the Ur? All of'Lot;1 of 1 and, ECT ' - • ban Renewal ` Plan Lot 1; of 2 of the South WHEREAS, the hereinafter described. • Fork Subdivision No,. 1 Amended and Restated , (b) Subarea B shall as originally platted, I Urban Renewal Plan'for mean that portion` of " including any adjoining the Dubuque Industrial the City of Dubuque, •public street right-of- Center ight of -Center • Economic /De Iowa • described as way to said lots, all Tn velopment +District Ur Subarea B 'in 'the the City _of Dubuque ' ban Renewal Project" Amended and -Restated Dubuque;COunty, Iowa Area described,in Res- Urban Renewal.Planfor and; olutton`•No: 130-88 was the. Dubuque Industrial' All of Seippel Road adopted on May.27,1988 Center •Econor ic. De- ' right:of way,from the '• arid.", "Was f• thereafter velopment District Ur-. north boundary line of r ,amended and restated ban Renewal' Area •ap= Lot 1 of 1 -of South Fork by Resolution No.,484 proved by Resolution,':Subdivision No.1 in the 90 oh . December, 171 ' No. 478-97 do 1Novem- City of Dubuque, to the 1990, Resolution" No. bet- 17, 1997, and sub- south boundary: lines of 142-97 on. April 7, 1997, sequently amended by Lot H of Dubuque In - Resolution No. " 478-97 Resolution No. 15-08 on _ dustrial : Center Welt on November 17, 1997, ,lanuary7,' 2008,` which and, Lot.1 of Dubuque Resolution No.15-0S'bi� . • Subarea B includes.the Industrial Center West January 7,' 2008 Rek`R ;lots and parcels locat- 2nd Addition in;the-City ion Noi- 101-08.'on ed within the area • le- of Dubuque D q the City of Dubuque, as of January 1, 2007, Ordinance ar hereby, Iowa, and 'Dubuque being the .assessment repealed., The provi- County described as roll applicable to`prop sions of this Ordinance Subarea H .. in the erty in short' subarea as are.intended and hall Amended and Restated, • of January 1 -Of the cal "be construed SO' as, to Urban Renewal Plan for endar; year preceding , continue the division:of the Dubuque Industrial the effective date of , taxes from taxable Center' •Economic De• Ordinance No. 70=08. property,in the Amend velopment District Ur- As to Subarea E, base ed Project ::Area under bang Renewal.Area ap- 1 period taxes shall be the. provisions of Sec - proved , by Resolution computed, in the same tion 403.19 of the Code No.,332 16 on;Septeim- manner.Using the total : of Iowa, as.authorized bee ''19 2b16, which assessed value shown • inOrdinance No. 55-15, Subarea H includes the on the.a5sessment roll 'and to•fully-implement lots and parcels locat- as et January,. 1,• 2013, . the division, of taxes in 'ed' Within the area le- ` being the assessment Subarea H, Subarea I; gaily described as fol- ` • roll applicable to prop- and Subarea J of the lows: . erty in such subarea as AmendedProject Area. Lot 1 of the Northeast of January.1 of the cal- In the event that any '/4 of the Northeast 1/4; ` endar year preceding provision of this Ordi- and Lot2 of _Lot 1 of Lot the effective date ,of nance shall be :deter 1 of"L'ot 2 ofthe North- Ordinance No.10-14. mined to be contrary to east'A of the Northeast As to Subarea F, base •• law it:shall not affect 1/4,;';01 Section 30, in period; taxes., shall be .other provision$ or ap- Township , 89 North, computed in the same plication of this Ordi- Range 2 East of the 5th • manner using the total' •nance which shall at all Principal ;Meridian,;in:'.assessed value -shown , times; be; construed to the. City of; Dubuque,on the assessment roll fully invoke the provi- lows: as of January 1; 2014, sions of ,Section .403.19 (1) Subarea, I shall being ',the assessment of the Code of Iowa mean that, portion; of roll applicable to prop- with reference to the the City of Dubuque", e'ty in such subarea as. Amended Project Area Iowa, •and `Dubuque; of January -1 of the cal- ,and the' subareas con - County described as endar. year preceding • tainedtherein. Subarea ,I , in the , the effective date of , Section 8: This Ordi- Amended and Restated' Ordinance No. 39-15. - nance shall be in effect Urban Renewal Plan for As to; Subarea G, base after its -final passage, the Dubuque;lndustrial period taxes ,shall be approval and publica- Center • Economic De -computed in the same tion as provided by velopment District Ur- manner using the total law. ban Renewal Area apassessed ,value ;shown Passed and approved Preyed •by 'Resolution on the •assessment roll this 19th • day .of Sep No. 332-16on.Septem as of January' 1' 2014 tember, 2016. • ber . 19; .•2016, • which- .,being the assessment /s/Kevin J.,Lynch, Subarea J includes the roll;applicable to prop- Mayor Pro -Tem lots and parcels looat erty in such subarea as' Attest: /s/Kevin S. • ed within the area je s.. of -January '1" of, the cal- Firnstahl,,CityClerk gally described• as fol 'ender year preceding : Read first time: Sep- lows +F' ; the 'effective date of'• tember 19, 2016 Loti2 Seippel Road;. Ordinance' No. 55;-15 Passed and approved: Place ,#2 ', Dubuque As to`Subarea H bale, September 19, 2016 County Iowa; period'''tazes shall be Published: September ,Lot 24- 1>of the South_; computed in the` same' 23, 2016 east Quarter of ,the manner -using the total •1t9/23 Southeast' Quarter of assessed value'shown Section 25, .Township on the assessment roll 89,North, Range 2 East as of'iahuary>,1, 2015, of the 5th Principal, being the assessment Meridian, Dubuque roll?applicable to prop- County, lava ertyin such subarea as (j) Subarea J shall of January 1 of the cal- ,' mean that 'portion of endaryear ipreceding, the ; City ;of Dubuque, the. effective date of Iowa, and Dubuque. this Ordinance: County described as As to Subarea I, base Subarea •. J ` in the period taxes shall be Amended and Restated cohiputed in the same Urban Renewal Plan for manner using the total the Dubuque Industrial assessed Value shown' Cenfer Economic De on the-assessment:roll_- yelopment, District Ur- as of January7,1;' 2015, ban Renewal Area ap- being the .assessment proved .by 'Resolution roll applicable tb prop-' No; 33246 on Septem- ' erty in, such subarea as berg 19, 2016; • which of January 1 of the cal Subarea J` includes the endar year preceding' lots and parcels locat= the effective date . of ectwithin the area le; this Ordinance.,. , gaily desctibed'as fol= As toSubarea'J; base IOWS: 'period taxes shall be Lot 2 Julien Care computed in the same Place, Dubuque Coun- mariner using the total . ty,,,lowa.,:; - assessed,, value' shown i3'Julien Care on the assessjnentroll March 17, 17,2008, Resolu- tion No. 109-08 on April 7,'2008, Resolution No. 87-11 on March 7,2011, Resolktion No."171-1 Oh June 3, 2013 Resolu- tion No. 197-15 on June 1,`2015 and Resolution �1d. 309-15 on'Septem- ber 8, 2015,,and Resolu- tion Nol 332-16 on Sep- tember 19, 2016;and • WHEREAS,the City Council of the City of Dubuque, .loWa, origi- nally provided for the division of, takes pur- suant ur; suantto Section 403.19 of the Code of Iowa iwjjiAirif ie^Dubuque In- gally` described as ,fol- County,, Iowa, including lows: .'crossings at' the inter - 4, 1 of 5;�6 septions fof•old High - and H of Dubuque In- way Road and Chicago dustrial center 'West as Central •& Pacific,Rail- originally platted and road rights of Way; ' Lots 1, 2, 3, 4,5, 6, 7, 8, (f)Subarea 'E shall and C'bf Dubuque In mean that portion of dustrial" Center West the City of Dubuque, 2nd; Addition' as origi- Iowa, and Dubuque nally platted; and County • described as Lotszl 2 ;.3,•/-1; 6 and C. Subarea: F in the of Dubuque Industrial, Amended. and Restated Center West 4th Addi- ,'. Urban Renewal Plan for tion as ;originally plat '' the Dubuque 'Industrial ted; and Center. Economic;De Lots, l of 1, ,1,of 2, 2 of _ velopment District Ur - •2, 1 of 3,'2 of`3, 1 of 5,;' ban Renewal'Area_ap- A;-C, ap A; C, and •D of;Dub,�uque proved by Resolutio ;Industrial s.':xCenterrd:ti-A' , INA, c i . 15ifaci,1 �n i • Place Dubuque Cowl- as of:January;,1, 2015, ty, Iowa, being the. assessment Lot 2-i 'Julien' Care roll' applicable to,prop- place;: Dubucjgei{Cot e- . erty in suchsubarea: as ty, IOWaof January 1 of the cal - ;(k) Amended Proj- endar,' year preceding ect Arei'`sh&l mean the effective date ;'of; that'po'i'tion df the City this Ordinance.; of Dubuque, Iowa and Section 4: That por- Dubuque 'County. 'i9- tion of the taxes each eluded within the Orlgi, year in excess of the nal' Project Area, base period taxes for Subarea B,'Subarea '11, the Amended Project Subarea D, Subarea'•E, Area, determined .for Subarea F, Subarea G, each sub area thereof Subarea H, Subarea I, as provided in Section and Subarea J, each as 3 of this Ordinance, described'in this Sec- shall be allocated to tion• and when collected` be n '(1) Urban Renewaltpaid into the special I. AA 11111 91N'ilrZFne tax `rncremerit 4;fund a d'91N' �N ni flt(he Dubuque In "iii6Center F Develope,t �r D strict Urban Renewal Project r Area in Ordi- nance No 26-88 passed and approved on May 2, 1988 and thereafter amended ;and restated by Ordinance No. 63-88 on December 5, 1988, by Ordinance No. 66-97 on November 17, 1997, by,Ordinance No,,70-08 oh October 20, 2008, by Ordinance No, 10-14 on February 3. 2014,,by Ordinance No.' '39-15 on June 1, 2015 and by Or- dinance, No. 55-15 on Septeniber;8` 2015; and WHEREAS, indebted ness has been incurred by the City, and add;= tional indebtedness is anticipated to, be incur- red in the future, to fi- nance urban renewal project activities within ,the Amended and Restated Dubuque In- dustrial Center. • Eco- nomic Development District, and the con- tinuing needs, of rede- yelopment .within ,the Amended and Restated Dubuque Industrial Center Economic De- velopment District are ;such as to require the continued application of the incremental tax resources "- of the Amended and Restated Dubuque..; Industrial Center 'Economic De- velopment District; and WHEREAS, the follow- 1ing enactment Is nen essary to accorhplish the objectives descri- bed in the premises. •'NOW, THEREFORE, BE IT ORDAINED BY THE CITY 'COUNCIL 'OF `THE CITY OF DUBUQUE, 10 - WA, THAT:- Ordinance `NUmber 55-15 is hereby amend- ed to read as follows:;; Section 1:, For pill-- poses u-poses of this 'Ordi- nance, the following terms shall have the following meanings: (a) Original Project Area shall mean that portion of the City of Dubuque, Iowa descri- bed in the Urban Re- newal Plan for the Du- buque Industrial Cen- ter Economic Develop- ment District Urban -Re- newal Area approved by Resolution No. 130- 88 on May 2 1988, and subsequently amended by Resolution No. '484- 90. on December 17, 1990, Which Original Project .Area includes the lots and parcels lo- cated within the 'are now 'legally described as follows: All of Dubuque Indus- trial Center: Eighth Ad- dition and All'ofLot .1 Dubuque Industrial' Center 13th :A'dditiori and Lot 2 -Dubuque' Indus- trial Center:l3tn Addi; tion; and '" Industtrial Center yy/est 5th"A'drlrt dNr fS loi 'h'alit! I'aifeil'`arid 61 Lots 1 2 and:'A Of bu- buque Industrial Cen- ter West 6th Addition as ' originally platted; and Lots 1, 1 of 2, and 2 of 2 of Dubuque Industrial Center West 7th Addi-, tion as originally plat- ted; and Lot, 2 of 1 of the Southwest Quarter of the Southwest Quarter and Lot 2 of 1 of the Southeast Quarter of the. Southwest Quarter all in Section 30, Town- ship 89 North, Range 2 East, 5th '•Principal JMeridian as originally platted; and. •and'all that part of a 100 -foot -wide strip of the 'Chicago ' Central Pacific Railroadright- of-way lying in -the SE 1/4 of Section" 30, the SE 1/4 of the SW 1/4 of Section 30, the_NW 1/4, of Section 31, and the NE 1/4 of Section'31all in T89N, R2E, of.the 5th P.M. Dubuque County, Iowa; the 'centerline of whichis more'particu- larly described 'as fol- lows: ` beginning at a point of intersection with the easterly line of the SE 1/4 of Section 30, T89N, R2E, of the 5th P.M., thence south- westerly along the cen terline of said railroad 2,700 feet, more or less a point' of intersection., with the westerly line of the SE 1/4 of said Section 30; ; thence southwesterly continu- ingalong said 'center- line 845 feet, more or less;' to a point where the railroad ' right-of- way widens to 200 feet, said 'point being " the terminus of thi& de- scription; and:.. all that part of a 100- foot -wide strip of the Chicago Central Pacific Railroad right-of-way. lying in the Balance of Lot 1 of 1 of the South- west Quarter of the Southwest Quarter in Section 29, Township 89 North, Range 2 East, 5th Principal Meridian; and , any adjoining public .'street right-of-way all ' in the City of ;Dubuque, Dubuque County, Iowa. (c) Subarea C shall mean that portion of the 'City of Dubuque, Iowa ' . described • as Subarea C in the Amended andRestated Urban Renewal plan for tbe Dubuque Industrial '. Center Economic De- velopment -Distritt e-velopment-District Ur- ban Renewal; Area 'ap- proved by Resolution No. ,'101-08 on March 17, 2008; which Subarea C includes the lots and parcels locat- ed within the' area';le- gally described as fol- lows: No 197-15 n J n' 12015, "whie i3h a•F includes _tha Jots -and parcelslocated within the area legally descri- bed as follows: Lot one (1) of Graf Farm .Subdivision #2, Dubuque. County, Iowa, according to the re - ,corded plat thereof; Lot' 1 of Lot 1 of Lot 1 of Lot 1 of West One- half of, Northeast, One- qilarter,' Section 25, Township 89 North Range1 East'of the 5th Principal' Meridian, in Center Township , Du- buque County , Iowa; Lot 2 in ' W A''Norman Place" in Section 25, Center {Township, Du- buque County, Iowa, according to the plat thereof; and. , The NW 1/41'ofthe SE 1/4 of Section 25, Township 89 North, Range 1 East of the 5th P.M., in. Center Town- ship, Dubuque County, Iowa. (g) Subarea G' shall mean that portion of the City;. of Dubuque, Iowa, and Dubuque County described as Subarea G in the Amended and Restated Urban RenewalPlan for the Dubuque Industrial Center Economic De- velopment District Ur- ban Renewal Area ap- proved by Resolution No. 309-15 on Septem- ber 8, '2015, which Subarea,G includes the lots and parcels locat- ed within the area le - gaily described as fol= -'The South•one-half of the Northwest Quarter of Section 29, Town- ship 89;`North, .Range 2 East of the 5th' Princi- pal Meridian, in the City of Dubuque, Iowa. Lot 1 of Lot 1 of. the Northwest Quarter of the Northwest Quarter of Section 29, Tbwn- ship 89 North, Range 2 East of the 5th Princi- pal Meridian, in the City of Dubuque, Iowa: Lot 2 of McFadden Farm. Place #2, in the City of Dubuque, Iowa.' Lot 2; of McFadden Farm Place, in the City of Dubuque, Iowa. Lot A of Lot 1' of 1" of the Southwest Quarter of the Southwest"Quar- ter of Section 29, ,Township 89 North, Range 2. East of -the 5th ;;Principal Meridian, in the City of Dubuque, Iowa. , Lot A of Lot 1 of l of the Northwest Quarter of the Southwest'Quar- ter of ` Section , 29, Township 89 ':North, Range 2 East of the 5th Principal" Meridian, in tale City of ,Dubuque, owa ' All Inthe,CityoDu- buque Dubuque Coun- tY Io,Wa,' (h) Subarea Htshall rbap enawalIttd „Ian adopted •;,for. the Amended Project Area by Resolution No. 332- 16 on September 19, 2016, and any subse- quent ' amendments that may occur. Section 2: The taxes levied: on the:taxable property in, the Amend- ed' Project Mea, and each suharea,thereof, legally ;described in Section, 1 hereof, by and .for the benefit of the State of Iowa, City of Dubuque, County'of Dubuque, DubQgbe Community,Schpol Dis- trict, and'all other tax- ing districts; from and after the effective date of this Ordinance shall be divided': as herein- after in this. Ordinance provided. Section 3: As to the Original Project Area, that portion of the tax- es which would be pro- duced by. the rate at which the: tax is levied each year byor for ,each of thetaxmg dis- tricts taking' property in the Original Project Area upon the total sum of the assessed value of the taxable property -in the Original Project Area as shown on the assessment roll asof'January '1, 1987, being the first, day of the calendar year pre- ceding theeffective date of Ordinance' No. 26-88, shall be`allocat- ed to 'and when collect- ed be paid . into the fund for the: respective taxing district as taxes by or for said taxing district 'Into- whiclf. all other propertytakes are paid: The taxes so determined shall be re- ferred herein as the "base periodfaxes" for such Subarea:' As to Subarea B, 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 applicable' to prop- erty in such Subarea as of January 1 of the cal- endar year preceding the effective date of • Ordinance Nb. 66-97. As to Subarea C, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2007, being the assessment roll applicable to prop- erty in such subarea as of January'1 of the cal- endar year preceding the effective date of Ordinance,No 7,0-08. -As to Subarea D base period taxes shall be computed;iri;.the same manner using the total assessed .value .shown • tax incren"ienti,4,fu_nd preAdOl ''&sa�5 fished by the Gity'bfcPtihuque to pay the principal of and interest on loans, monies advanced to, or indebtedness •'whether funded, refunded, as- sumed or ' otherwise, including. bonds issued under authority of. Sec- tion' 403:9 or Section 403.12 of the. Code of Iowa,, incurred -by the City''ofDubuque Iowa to finance.or refinance, in whele or in partuF-• ban 'renewal protects undertaken within the Amended Project. Area pursuant to :the`. Urban Renewal Plan, 'except that taxes for the regu- lar and Voter -approved physical„ plant and equipment' levy of a. school district imposed pursuant to -Section 298.2of the Code of lo- wa and taxes for the instructional• support program "of a school' district imposed pur- suant to Section: 257.19 (but in each, case only .to theextent required un'der.- ' Section 403:19(2)),;faxes •.'for the payment of bonds and interest of each taxing district, and tax- es imposed under' Sec- tion 346.77 (22) related to . jointcounty-city buildings, shall be col- lected against all taxa- ble property within the Amended Project Area without any limitation as hereinabove provid- ed. Section 5: Unless or until the total assessed valuation of the taxa- ble- property.: in the. subareas : ; ofJ the Amended Project Area exceeds the total as sessed 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 tax- able propertyin' the Amended Project Area shall be paid into the funds for the`respet- tive,taxing; districts as taxes by or for the tax ing: districts : in the same" manner ':as all other property taxes.. Section, 6: At such . time as the loans, Mon- ies advanced,' bonds and interest ;thereon and indebtedness of the City of Dubuque re- ferred -to in ,Section '4 hereof have been paid, all monies thereafter -received frorh''taxes Upon the taxable prop- erty in the Amended Project Area shall be paid into the funds for the respective 'taxing districts in the same Mariner as taxes on all other property • Section 7: All ordi- nances or, parts; of ordi- nances in conflict with