Loading...
IDED CEBA Ap QuebecorIOWA DEPARTMENT OF ECONOMIC DEVELOPMENT March 28, 2002 The Honorable Terrance Duggan Mayor, City of Dubuque 50 W. 13t~ Street Dubuque, Iowa 52001-4864 RE: Community Economic Betterment Account (CEBA) Application No. 02-PRO-03: Quebecor World Dubuque, Inc. Dear Mayor Duggan: It is my pleasure to advise you that on March 21, 2002, the Iowa Department of Economic Development Board of Directors approved your community's application for CEBA assistance on behalf of the above-captioned business. The Board approved the CEBA Project Review Committee's recommendation to provide a forgivable loan in an amount not to exceed $172,500 and a 5 year 0% loan in an amount not to exceed $172,500. The project must be administered in accordance with current CEBA administrative rules, and the award is contingent upon the Department finding that the Business has an acceptable record with respect to state and federal law compliance to include environmental compliance. In addition, the company must comply with the 1999 Iowa Code, Section 15A.1(3), which requires companies receiving state financial assistance to conduct in-house audits and management plans to reduce the amount of hazardous waste generated and to safely dispose of those wastes. To assist you in complying with these statutes, we have attached a listing indicating some of the technical assistance sources for both Energy Efficiency Design and Management and Waste Reduction Design and Management. The following activities must be accomplished prior to release of funds. 1. A Loan Agreement, prepared by the Iowa Department of Economic Development, must be executed by the parties. Businesses generating solid or hazardous waste must either: 1) submit a copy of the business' existing in-house plan to reduce the amount of waste and safely dispose of the waste based on an in-house audit conducted within the past three years; 2) submit an outline of a plan to be developed in-house or 3) submit documentation that the business has authorized the Iowa Department of Natural Resources or Iowa Waste Reduction Center to conduct the audit. The enclosed Loan Agreement Attachment A should be reviewed and Attachment B should be completed; then both should be returned to the Department. The business shall have provided documentation to the Department that it has consulted with the area Workforce Center and Workforce Investment Act/Promise Jobs Service Delivery Area Office to discuss employment services available. In addition, the Business shall make available ten percent (10%) of the THOMAS J. VILSACK, GOVEKNOR SALLYJ. PEDER$ON, LT. GOVERNOR C.J.Niles, Director · 200 East Grand Avenue · Des Moines, Iowa 50309-1827 ° 515.242.4700 · Fax: 515.242.4809 info@ided.state.imus ° TTY: 1.800.735.2942 · www. state.ia.us/ided new jobs created to qualified Promise Jobs program participants. Also, the business must provide to these agencies a list of positions to be created including job descriptions and qualifications. Documentation shall be submitted to the Department of Economic Development indicating funding in the project from the following sources: Source Type Amount City of Dubuque TIF $ 174,000 Quebecor World (USA) Cash/Equity $23,655,000 NE Iowa Community College Job Training $ 554,000 The secudty/cellateral required in this project is: Corporate Guaranty from Quebecor World (USA) Inc. Executed security agreements/liens in the project shall be forwarded to the Department. It is understood that this security interest will be superior to any Community funds in the project, excluding conventional bank financing. The Business acknowledges that if it fails to create/retain 106 FTE (full-time equivalent) jobs by the Project Completion Date, it will reimburse CEBA funds for the employment shortfall 'as set out in the Loan Agreement. The Iowa Department of Workforce Development can provide labor market information, recruitment and placement services, proficiency testing, and answers to questions on worker's compensation, workplace safety and unemployment insurance. Your local Iowa Workforce Development Office will be notified of your award and will be contacting you to provide additional information. Please let us know if we may be of any further assistance. We are looking forward to the implementation of the project and the new job opportunities it will create. Sincerely, C. J. Niles Director CJN/Idr Enclosure CC: Governor VilsackJLt. Governor Pederson Rich Dunn, Vice President, Quebecor World Inc. Senator Connolly Representative Scherrman Dwayne Ferguson, Legislative Fiscal Bureau Mark Thompson, Office of the Attorney General Brian Tormey, Department of Natural Resources Tony Dietsch, Iowa Workforce Development Bill Baum, City of Dubuque Rich Dunn, Quebecor World Dubuque, Inc. SOURCES OF TECHNICAL ASSISTANCE Energy Efficiency Design and Management Department of Natural Resources Energy and Geological Resources Division Larry Bean, Administrator 900 East Grand Des Moines, IA 50319 515/281-4308 Iowa State University Extension Center for Industrial Research and Service ISU Research Park Suite 500 2501 North Loop Drive Ames, IA 50010 515/294-3420 with regional offices in Cedar Rapids, Council Bluffs, Davenport, Des Moines, Storm Lake, and Waterloo Local utility company Private energy management engineering and conservation consultants Waste Reduction Design and Management Department of Natural Resources Waste Management Assistance Division Scott Vander Hart, Pollution Prevention Manager 900 East Grand Des Moines, IA 50319 515/281-6275 University of Northem Iowa Iowa Waste Reduction Center John Konefes, Director 1005 Technology Parkway Cedar Falls, IA 50613 319/273-8905 Iowa State University Extension Center for Industrial Research and Service Lloyd Anderson, Interim Director ISU Research Park Suite 500 2501 North Loop Drive Ames, IA 50010 515/294-3420 with regional offices in Cedar Rapids, Council Bluffs, Davenport, Des Moines, Storm Lake, and Waterloo 4. Pdvate environmental engineering consultants. ATTACHMENT B CEBA Name of Recipient C~ty o~' Dubuque IOWA CEBA RECIPIENT PROGRAM SCHEDULE 2002 PROJECT ACTIVITY: Forgivable Loan/Loan to 1" Qtr. 2"" Qtr. 3~" Qtr. 4'" Qtr. the City of Dubuque for Quebecor World Dubuque, Inc. A M J J A S O N D J F M Milestones: /I I / //I / // // 1. Building Remodeling 2. Machinery and Equipment i' 3. Permanent Working Capital 4. 5. 6. 7. I 2003 PROJECT ACTIVITY: Forgivable Loan/Loan to the 5s~ Qtr. 6th Qtr. 7th Qtr. 8th Qtr. City of Dubuque for Quebecor World Dubuque, Inc. A M J J A S O N D J F M Milestones: I II // II I/ II/ 1. Building Remodeling 2. Machinery and Equipment 3. Permanent Working Capital 4. 5. 6. 7. ATTACHMENT B CEBA Name of Recipient City of Dubuque IOWA CEBA RECIPIENT PROGRAM SCHEDULE 2004 PROJECT ACTIVITY: Forgivable Loan/Loan to the 9th Qtr. 10th Qtr. 11th Qtr. 12~h Qtr. City of Dubuque for Quebecor World Dubuque, Inc. A M J JA S O N D J F M Milestones: I // /1/I // I I/ 1. Building Remodeling 2. Machinery and Equipment 3. Permanent Working Capital 4. 5. 6. 7.