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South Pointe Housing Urban Renewal Area_Hearing (Pulled) Copyright 2014 City of Dubuque Public Hearings # 1. ITEM TITLE: South Pointe Housing Urban Renewal Area SUMMARY: Proof of publication on notice of public hearing to consider approval of the Urban Renewal Plan for the South Pointe Housing Urban Renewal Area and the City Manager recommending approval. RESOLUTION Approving the Urban Renewal Plan for the South Pointe Housing Urban Renewal Area SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s) ATTACHMENTS: Description Type Urban Renewal Plan for the South Pointe Housing City Manager Memo Urban Renewal Area-MVM Memo Staff Memo Staff Memo UR Plan - South Pointe Supporting Documentation Attachment A- UR Area Map Supporting Documentation Attachment B1 - Ebsting Land Use Supporting Documentation Attachment B2 - Proposed Land Use Supporting Documentation Attachment C - Bonded Indebtedness Supporting Documentation Attachment D - District Boundary Description Supporting Documentation Attachment E - Zoning Map Supporting Documentation Taxing Body Consultation Minutes Supporting Documentation LRPAC Memo Supporting Documentation Financial Summary Supporting Documentation Resolution of Adoption Resolutions 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: Urban Renewal Plan for the South Pointe Housing Urban Renewal Area DATE: November 29, 2016 Economic Development Director Maurice Jones recommends City Council approval of the Urban Renewal Plan for the South Pointe Housing Urban Renewal Area. On November 7, 2016, City Council adopted a resolution of necessity, directing staff to create the plan to include area and projects related to housing and residential development. The primary goal of the Plan is to stimulate, through public involvement and commitment, private investment in new housing and residential development. This will provide funding for road improvements and the installation of water utilities related to housing and residential development in the area. On November 16, 2016, the Plan was reviewed by the Long Range Planning Advisory Commission. With the 10 year life of the Urban Renewal Area it is projected to generate approximately $11.3 million in increment with at least $4.3 million going to affordable housing throughout the community and an estimated $2.1 million going to improvements in the Area, with the potential of$5 million in additional future public improvements in the Area, or affordable housing assistance. I concur with the recommendation and respectfully request Mayor and City Council approval. v Mic ael C. Van Milligen MCVM:jh Attachment cc: Crenna Brumwell, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Maurice Jones, Economic Development Director 2 Dubuque Economic Development Department THE CITY OF 50 West 13th Street All-AmericaCitY Dubuque,Iowa 52001-4864 DUB3 E1 ' 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: Urban Renewal Plan for the South Pointe Housing Urban Renewal Area DATE: November 23, 2016 INTRODUCTION The purpose of this memorandum is to forward for City Council review and approval the Urban Renewal Plan for the South Pointe Housing Urban Renewal Area. The proposed plan will comply with the provisions of House File 2460, adopted by the Iowa legislature in 2012, requiring urban renewal plans reflect any active urban renewal project. BACKGROUND By Resolution 382-16 on November 7, 2016, City Council adopted a resolution of necessity, directing staff to create the plan to include area and projects related to housing and residential development. Staff has prepared an Urban Renewal Plan for the district per the directive of the City Council. The proposed Urban Renewal Plan for the Area describes the specific use of tax increment funds, reflecting the utilization of tax rebates, the construction of public infrastructure, and other planned expenditures. DISCUSSION The primary goal of the Plan is to stimulate, through public involvement and commitment, private investment in new housing and residential development as defined by the Iowa Code Section 403.17(12). This proposed plan provides details on the included area and related projects. This will allow for road improvements and the installation of water utilities related to housing and residential development in the area. A consultation process was conducted with the affected taxing entities as required by Chapter 403.5 of the Iowa Code. Prior to the meeting, the taxing entities were mailed copies of the Urban Renewal Plan and the Notice of Public Hearing. The required consultation to discuss, question, or object to the findings in these documents was held on November 15, 2016. No representatives from the taxing bodies were in attendance. Minutes are attached. On November 16, 2016, the Plan was reviewed by the Long Range Planning Advisory Commission. The commission's memorandum of recommendation is attached. The public notice of public hearing was published on November 25, 2016 to allow for the appropriate publication requirements. RECOMMENDATION/ ACTION STEP I recommend that following the public hearing, the attached resolution adopting the South Pointe Housing Urban Renewal Plan be approved to support reinvestment efforts in the District and for LMI residents in our community. Prepared BV: Jill Connors, ED City of Dubuque 50 W. 13" St. Dubuque, IA 521 (563) 589-4393 Return To: Kevin Firnstahl, City Clerk City of Dubuque 50 W. 13 St. Dubuque00 , IA 52001 (563) 589-4121 RESOLUTION NO. -16 APPROVING THE URBAN RENEWAL PLAN FOR THE SOUTH POINTE HOUSING URBAN RENEWAL AREA Whereas, by Resolution 382-16 approved on November 7, 2016, the City Council of the City of Dubuque, Iowa authorized the preparation of an Urban Renewal Plan (the "Plan") for the South Pointe Housing Urban Renewal Area (the "District"); and Whereas, the proposed Urban Renewal Plan for the District has been prepared and placed on file for public inspection in the City Clerk's Office; and Whereas, the City of Dubuque's primary objective for the Plan is to provide opportunities which will further housing and residential development as defined by Iowa Code Section 403.17(12), as described in the Plan; and Whereas, the City Council finds that the District meets the definition of an economic development area as found in Chapter 403 of the Iowa Code, and is appropriate for the provision of public improvements related to housing and residential development; and Whereas, the City Council, in accordance with Chapter 403 of the Code of Iowa, has held a public hearing on the proposed Urban Renewal Plan after public notice thereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1 . That the Urban Renewal Plan for the South Pointe Housing Urban Renewal Area is hereby approved; that a feasible method exists for the location of any families who will be displaced from the District into decent, safe and sanitary dwelling accommodations within their means and without undue hardship to such families; and that the Plan conforms to the general plan of the City as a whole. Section 2. That the City Clerk of the City of Dubuque, Iowa is hereby authorized and directed to file a certified copy of this Resolution and the Urban Renewal Plan in the office of the Dubuque County Auditor. Passed, approved and adopted this 5th day of December, 2016. Roy D. Buol Mayor Attest: Kevin S. Firnstahl City Clerk URBAN RENEWAL PLAN South Pointe Housing Urban Renewal Area City of Dubuque, Iowa Prepared by the Economic Development Department. November 2016 TABLE OF CONTENTS A. INTRODUCTION B. DESCRIPTION OF THE URBAN RENEWAL AREA C. DISTRICT DESIGNATION D. BASE VALUE E. DEVELOPMENT PLAN F. RESIDENTIAL DEVELOPMENT G. AREA OBJECTIVES H. TYPE OF RENEWAL ACTIVITIES I. PROPOSED PROJECT J. FINANCIAL DATA K. PROPERTY ACQUISITION/DISPOSITION L. RELOCATION M. STATE AND LOCAL REQUIREMENTS N. SEVERABILITY O. URBAN RENEWAL PLAN AMENDENTS P. EFFECTIVE PERIOD ATTACHMENTS -2- A. INTRODUCTION This Urban Renewal Plan for the South Pointe Housing Urban Renewal Area ("Plan" or "Urban Renewal Plan") has been developed to help local officials promote housing and residential development in the City of Dubuque ("City"). The primary goal of the Plan is to stimulate, through public involvement and commitment, private investment in new housing and residential development as defined by the Iowa Code Section 403.17(12). In order to achieve this objective, the City intends to undertake urban renewal activities pursuant to the powers granted to it under Chapter 403 and Chapter 15A of the Code of Iowa, as amended. B. DESCRIPTION OF THE URBAN RENEWAL AREA The South Pointe Housing Urban Renewal Area ("Area" or "Urban Renewal Area") is illustrated in Attachments A, B-1 , and B-2 and described in Attachment D. The City reserves the right to modify the boundaries of the Area at some future date. Any amendments to the Plan will be completed in accordance with Chapter 403 of the Iowa Code, Urban Renewal Law. C. AREA DESIGNATION With the adoption of this Plan, the City of Dubuque designates this Urban Renewal Area as an economic development area that is appropriate for the provision of public improvements related to housing and residential development. D. BASE VALUE If the South Pointe Housing Urban Renewal Area is legally established and debt is certified prior to December 1 , 2016, the taxable valuation within the Urban Renewal Area as of January 1 , 2015, will be considered the "base valuation." If debt is not certified until a later date, the "base value" will be the assessed value of the taxable property in the Urban Renewal Area as of January 1 of the -3 - calendar year preceding the calendar year in which the City first certifies the amount of any debt. E. DEVELOPMENT PLAN The City Council has approved a general plan for the physical development of the City as a whole, outlined in the 2012 City of Dubuque Comprehensive Plan that was adopted by the City Council on February 6, 2012. The goals, objectives, and projects in this Urban Renewal Plan are consistent with the City's Comprehensive Plan. The South Pointe Housing Urban Renewal Area is subject to zoning ordinances adopted by the City of Dubuque, and includes the following zoning classifications: City R-1 , City R-2, City R-3, City C-2, City C-3, City C-3c, City AG, City PI, and City PR. See Attachment E for details. This Urban Renewal Plan does not in any way replace the City's current land use planning or zoning regulation process. For details on current and proposed land use, see attached land use maps, Attachments B-1 and B-2. F. RESIDENTIAL DEVELOPMENT The City's objective in the South Pointe Housing Urban Renewal Area is to promote new housing and residential development. When a City utilizes tax increment financing to support residential development, a percentage of the incremental revenues (or other revenues) generated by the project (not to exceed the project costs which are limited to reimbursement of "public improvement" costs as defined by Iowa law) must be used to provide assistance for low and moderate income ("LMI") family housing. LMI families are those whose incomes do not exceed 80% of the median Dubuque County income. LMI families include single person households. Unless a reduction is approved by the Iowa Economic Development Authority, the percent of incremental revenues used to provide LMI family housing assistance must be at least equal to the percentage of LMI families living in Dubuque County, as determined by the U.S. Department of Housing and Urban Development using Section 8 guidelines. The percentage of LMI families living in Dubuque County has been determined to be 38.1 %. Incremental revenues -4- equal to at least 38.1 % of the project costs described in Section I therefore will be used by the City to provide LMI family housing assistance. The assistance for LMI family housing may be provided anywhere within the City and may include, but is not limited to: 1 . Lots for LMI housing within or outside the urban renewal area; 2. Construction of LMI housing within or outside the urban renewal area; 3. Grants, credits or other direct assistance to LMI families living within or outside the urban renewal area, but within the area of operation of the municipality; 4. Payments to a LMI housing fund established by the City to be expended for one or more of the above purposes, including matching funds for any state or federal moneys used for such purposes. G. AREA OBJECTIVES Renewal activities are designed to provide opportunities, incentives, and sites for new residential development within the district and to provide housing assistance to LMI families. More specific objectives for development within the South Pointe Housing Urban Renewal Area are as follows: 1 . To alleviate and prevent conditions of unemployment and a shortage of housing; and that it is accordingly necessary to assist and retain local industries and commercial enterprises to strengthen and revitalize the economy of the State of Iowa and the City of Dubuque. 2. To stimulate through public action and commitment, private investment in new residential development. 3. To plan for and provide sufficient land for residential development in a manner that is efficient from the standpoint of providing municipal services. - 5 - 4. To help finance the cost of water mains, sanitary sewer, storm sewer, and street construction (including curb and gutter), as well as other public improvements in support of new housing development. 5. To provide a more marketable and attractive investment climate. 6. To improve the housing conditions and housing opportunities for LMI families. H. TYPE OF RENEWAL ACTIVITIES To meet the objectives of this Urban Renewal Plan and to encourage the development of the Urban Renewal Area, the City intends to utilize the powers conferred under Chapter 403 and Chapter 15A, Code of Iowa including, but not limited to, tax increment financing. Activities may include: 1 . To undertake and carry out urban renewal projects through the execution of contracts and other instruments. 2. To arrange for or cause to be provided the construction of public infrastructure including but not limited to streets, water mains, sanitary sewer, storm sewers, or other public improvements in connection with urban renewal projects. 3. To finance programs which will directly benefit housing conditions and promote the availability of housing affordable to LMI persons in the community. 4. To make loans, grants or rebates to private persons to promote housing projects on such terms as may be determined by the City Council. 5. To borrow money and to provide security therefor. 6. To make or have made surveys and plans necessary for the implementation of the urban renewal program or specific urban renewal projects. 7. To use tax increment financing for a number of objectives, including but not limited to, providing for necessary physical improvements and infrastructure. -6 - 8. To use any or all other powers granted by the Urban Renewal Act to develop and provide for improved economic conditions for the City of Dubuque and the State of Iowa. Nothing herein shall be construed as a limitation on the power of the City to exercise any lawful power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter 4276, or any other provision of the Code of Iowa in furtherance of the objectives of this Urban Renewal Plan. I. PROPOSED PROJECT The first proposed urban renewal project involves the construction of public infrastructure to serve a new 193-lot subdivision under development by Dubuque South Pointe, LLC ("Developer"). Certain of the public improvements are expected to be constructed by the Developer, with the balance being constructed by the City. The expected public improvements and their estimated costs are as follows: Public Improvements Estimated Costs Water easements and pipe thru McNamer $155,000 Fiber conduits and vaults thru subdivision $358,750 Recreational Enhancements/Park $50,000 Fiber conduits and vaults — Rockdale $127,500 Stormwater Improvements— Rockdale $190,330 Sanitary — Rockdale Improvements $250,000 Water Connection Fees ($8,372) 9 Water Service Lines $13,500 Rockdale Road Improvements — South Pointe to Maquoketa $1 ,118,599 Rockdale Street Assessments ($233,839) Total $2,021,467 The City expects to provide assistance to the Developer in the form of property tax rebates of potential incremental taxes, under the terms of a rebate agreement between the City and the Developer. Under the proposal, some of the incremental property tax generated from the new houses constructed within the Urban Renewal Area pursuant to Iowa Code Section 403.19 is expected to be rebated to the Developer (in an amount not to exceed the Developer's certified costs of constructing certain of the required public improvements or $688,750, whichever is less, or such other amount as may be determined by the City Council) for a period of time to be determined by the City Council. These -7- rebates will not be general obligations of the City, but will be payable solely from incremental property taxes generated by the project. The City will set aside incremental taxes in an amount not less than the required LMI percentage (38.1%) of the total project costs and use those funds to support LMI family housing anywhere in the community. The remaining incremental taxes will be available to reimburse the City for its public improvement costs in accordance with Iowa Code §403.19. J. FINANCIAL DATA 1) July 1 , 2014, Statutory debt limit: $207,174,109 (see Attachment C) 2) Outstanding general obligation debt: $149,331 ,686 (see Attachment C) 3) Proposed amount of indebtedness to be incurred: Although a specific amount of indebtedness to be incurred in the Area has not yet been determined, the estimated cost of constructing the public improvements for the new subdivision is approximately $2.1 million. The required LMI set-aside is 38.1 % of such amount, and the City currently expects to use at least $4.3 million of the available tax increment for LMI housing assistance. The total amount of tax increment to be used under this Plan is expected to be approximately $7 million. K. PROPERTY ACQUISITION/DISPOSITION Other than easements and public right-of-ways, no property acquisition by the City is anticipated at this time. However, if any property acquisition/disposition becomes necessary to accomplish the objectives of the Plan, urban renewal powers will be carried out, without limitation, in accordance with the State of Iowa Urban Renewal Law. L. RELOCATION The City does not expect there to be any relocation required of residents or businesses as part of the proposed urban renewal projects; however, if any relocation is necessary, the City will follow all applicable relocation requirements. M. STATE AND LOCAL REQUIREMENTS - 8 - All provisions necessary to conform to State and local laws will be complied with by the City in implementing this Urban Renewal Plan and its supporting documents. N. SEVERABILITY In the event one or more provisions contained in this Urban Renewal Plan, as it may be amended, shall be held for any reason to be invalid, illegal, unauthorized or unenforceable in any respect, such invalidity, illegality, lack of authorization or enforceability shall not affect any other provision of this Urban Renewal Plan, and this Urban Renewal Plan shall be construed and implemented as if such provisions had never been contained herein. O. URBAN RENEWAL PLAN AMENDMENTS This Urban Renewal Area Plan may be amended from time to time for a number of reasons, including but not limited to, change in the area, to add or change land use controls and regulations, to modify goals or types of renewal activities, or to amend property acquisition and disposition provisions. The City Council may amend this Plan pursuant to appropriate procedures under Iowa Code Chapter 403. P. EFFECTIVE PERIOD This Urban Renewal Plan will become effective upon its adoption by the City Council and will remain in effect until it is repealed by the City Council. With respect to the property included within the South Pointe Housing Urban Renewal Plan Area, which is also included in an ordinance which designates that property as a tax increment area and is designated based on an economic development finding, to provide or to assist in the provision of public improvements related to housing and residential development, the use of incremental property tax revenues or the "division of revenue," as those words are used in Chapter 403 of the Code of Iowa, is limited to ten (10) years beginning with the second fiscal year following the 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 incremental property tax revenues attributable to that property within the South Pointe Housing Urban Renewal Area. With consent of all other affected taxing bodies (by written agreement), the use of incremental property tax revenues under Iowa Code Section 403.19 can be extended for up to 5 years if necessary to adequately fund the housing- related projects. -9- At all times, the use of tax increment financing revenues (including the amount of loans, advances, indebtedness or bonds which qualify for payment from the division of revenue provided in Section 403.19 of the Code of Iowa) by the City for activities carried out under the South Pointe Housing Urban Renewal Plan shall be limited as deemed appropriate by the City Council and consistent with all applicable provisions of law. - 10 - p KE� ""A AN DR ATTACHMENT A PYh rc NORTH CASCADE RD � ¢ t 3 0 q `A<ENTINE o SO UT ` "POINTE: - R S R� - r=. HOUSI`N'G URBAN ,RENE ALAIREA E � pia 9 �9 1 „ , \� t w BIANCA p0. •. � KATHY DR 9p9 DR jy�p 0 HA0.M010.15 CT � Yi . J '1 ))I A ,•- + r TOWER Crq 00 S 4 �r41, �toIjSAVANNrr II'FRAI 1 �, .... a . It ti i J{r vl riF o Tk _ y M p ,10 a I f! o 'ti AQ4pKET 91 SouthDubuque City Limits N KREII=R PARK DR s OP p � � I0 �r � • U S ON NORTH CASpADQ pp _ _ , ATTAC H M ESI�T B= 1-: ' EXISTING LAND U S E w-- t 0 `q[ENTME oa 6SOUT ` ` POINTE . — t n= HOUSING URBAN REN -LAREA 90 NAp CHEE�W���OR BIANCA 00. � YBAT HY DR c F9 O9 NOR g .�.M HA RM 10.6CT A i fR 9/ TOWERp o l _ O Is _ w1aTFa/q1 _. T I, FI{I Y... SAVANNA DRSouth Pointe Housing Urban RenewalArea , Dubuque City Limits City of Dubuque Existing Land Use Agriculture Mined Residential 1 ¢ D MaQOOk,,Single Family Vacant D PD r 91 KREMER PARK DR p 1 Z 1. y iR X475 .MONY/cEdl a O , DR a , ►TTAC� Dq °ENTIKB= t U URE LAND #U L � � AVE DflOUT \\ff• ) i o F i i NDw _ H O U S IAC U I BA y{, R ' }NA A R r s� o 03 ,� - w w i a YD b KATHY D R a a . HARMOT0.15 CTmP � .e JiTDWFROR yL� yv' CTS 1r IHFIDI CT P,gELLEVUE HEIGHTS. _ D ° '•E 4• A • 4J= OP .t :.VANN AOR 1�q SA 1. 5'.T' ht QV P :��[ O FOq POS it ICER : tis t m p TERRACE ux KREMER PARK DR \b~ u VgNDERDILT'' OR ,I ti MONnCE � u South Pointe Housing Urban ReneHavl Area .. _ OREGON SiDubuque City Limits _ �OOR 9 2 ARIZONA Si City of Dubuque Future Land Use Commercial Mixed Residential 3 . Open Space y Single Family _. 1.. Pe OAKLAND FARMS RD F �,. /� LAKE ELEANOR RD V i 1r� 4I" Il O �' MILITA 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 SOUTH POINTE HOUSING URBAN RENEWAL AREA UPDATED November 2, 2016 LEGAL DESCRIPTION: • LOT 1 OF TOWER INVESTMENTS SUBDIVISION NO. 1, CITY OF DUBUQUE; AND • LOT 1 OF LOT 1 OF LOT 2 OF TOWER INVESTMENTS SUBDIVISION NO. 1, CITY OF DUBUQUE; AND • LOT 2 OF TABLE MOUND MOBILE HOME PARK, CITY OF DUBUQUE; AND • LOT 2 OF LOT 1 OF LOT 1 OF LOT 1 OF LOT 1 OF LOT 1 OF LOT 2 OF LOT 2 OF MINERAL LOT 483, CITY OF DUBUQUE; AND • LOT 1 OF MARY LOU PLACE, CITY OF DUBUQUE; AND • LOT 1 OF MCNAMER ACRES NO. 1; AND • LOT 1 OF MCNAMER ACRES NO. 3; AND • LOT 2 OF MCNAMER ACRES NO. 3; AND • ALL THAT PART OF THE MANSON ROAD RIGHT OF WAY LYING NORTH AND EAST OF ITS SOUTHERLY TERMINUS AND LYING SOUTH AND WEST OF THE NORTHWESTERLY EXTENSION OF THE EASTERLY LINE OF LOT 2 OF MCNAMER ACRES NO. 2; AND • ALL THAT PART OF THE CREEKWOOD DRIVE RIGHT OF WAY LYING NORTH AND WEST OF THE WESTERLY RIGHT OF WAY LINE OF MANSON ROAD AND LYING SOUTH AND EAST OF THE SOUTHERLY RIGHT OF WAY LINE OF NORTH CASCADE ROAD; AND • ALL THAT PART OF THE ROCKDALE ROAD RIGHT OF WAY LYING SOUTH OF THE WESTERLY EXTENSION OF THE NORTH LINE OF LOT 1 OF MARY LOU PLACE AND LYING NORTH OF THE SOUTHERN TERMINUS OF THE ROCKDALE ROAD RIGHT OF WAY; AND • ALL THAT PART OF THE KEY WEST DRIVE RIGHT OF WAY AND THE US HIGHWAY 61 RIGHT OF WAY LYING SOUTH OF THE EASTERLY AND WESTERLY EXTENSION OF THE SOUTH LINE OF LOT 2-1-1-1-3 OF ANNIE WALLER SUBDIVISION #2 AND LYING NORTH OF THE EASTERLY AND WESTERLY EXTENSION OF THAT PART OF LOT 1 OF MINERAL LOT 479 LYING WEST OF US HIGHWAY 61. i 9 " a ATTAC1MENT E ZONING g rc C/A ANN DR' NORTH CASCADE RD Q W b ' `A<ENi1NE DR " SOUTH POINTE IF HOUSING URBAN RENEWAL AREA ° 9° O c+m E Wpp00R CPE i' �. •AM ? R BIANCA D Q 00 D �+ \ KATHY D0. 90 9 yam+ DR 9 0 HA0.M0 10.15 CT T. . - yg e 1. f" `\ `. i I -49 HFID Dow"pR p 1/ ICT F lelb�A!/EYQa "y South .• HousingAreal d Dubuque City Limitsi k •,;(� ✓ aC City of Dubuque Zoning Mod, Density Multi-Family Residential sw Neighborhood Shopping Center(C-2) ARTFR/1[ _: �' F'.{I Y SAVANNA DR I General Commercial(C-3) °OAR/� • a d ff] Two-Family Residential(R-2) Agricultural(AG) Planned Industrial(PL) General Commercial w1canditions(C-3c) A ® `'4 Planned Residential(PR) � a ' �'ti AQDOkfTAD � 91 Single-Family Residential(R-1) K0.EME0.PARK D0. � p O ' iF 47S MONT/C a a x ftO�R MINUTES a CONSULTATION WITH AFFECTED TAXING BODIES for the following URBAN RENEWAL PLAN: • South Pointe Housing Renewal Area Tuesday, November 15, 2016 at 1:30 p.m. I City Hall, Conference Room B, Second Floor I 50 W. 13th Street Dubuque, Iowa 52001 Tax Entity Consultation for the South Pointe Housing Urban Renewal Area Meeting commenced at 1:30 p.m. No representatives from Dubuque County, Northeast Iowa Community College, or the Dubuque Community School District elected to attend the meeting. Meeting was adjourned 1:50 p.m. Jill Connors Economic Development Project Coordinator, City of Dubuque I 1 Dubuque Planning Services Department THE CtU�B� City Hall-50 West 131h Street DA9-AmerlcaCilY Dubuque,IA 52001-4805 (563)589-4210 phone E ''I 111 (563)589-4221 fax (563)690-6678 TDD Masterpiece on tyle MiSS1SSippl 2007.2012.2013 planning@cityofdubuque.org November 17, 2016 The Honorable Mayor and City Council City of Dubuque 50 W.13th Street Dubuque, IA 52001 SUBJECT: Creation of the South Pointe Housing Urban Renewal Area Plan Dear Mayor and City Council Members: Introduction The Long Range Planning Advisory Commission has reviewed the proposed creation of the South Pointe Housing Urban Renewal Area Plan for consistency with the Dubuque Comprehensive Plan in accordance with Section 15-2-13 G. of the City Code. Discussion Jill Connors, Economic Development Coordinator, reviewed that the Plan is for an urban renewal area which allows the City of Dubuque to capture tax increment revenue from improvements made in the Plan area to promote housing and residential development activities. She explained that the Plan was created for the development of a residential district in the South Pointe Subdivision, as well as improvements along Rockdale Road and Creekwood Drive. She noted that in addition to the development of infrastructure, tax increment financing will be used to benefit low and moderate income individuals in the community. She explained the creation of the South Pointe Housing Urban Renewal Area will allow use of tax increment financing to assist with funding of proper water infrastructure to South Pointe Subdivision and surrounding areas. She noted this will support reinvestment and redevelopment in the Plan area and support revitalization within the area and the community. The Commission reviewed the request and discussed the use of tax increment financing for infrastructure improvements for the subdivision. The Commission discussed how the tax increment financing could support the provision of housing affordable to low and moderate income households within the subdivision as well as throughout Dubuque. Recommendation By a vote of 4 to 0, the Commission recommends the creation of the South Pointe Housing Urban Renewal Area Plan, as it is consistent with the 2012 Dubuque Comprehensive Plan. Respectfully submitted, 4&4t, &'�)Mtl Alan Vincent, Vice Chairperson Long Range Planning Advisory Commission cc: Maurice Jones, Economic Development Director Service People Integrity Responsibility Innovation Teamwork City of Dubuque Housing TIF Summary Estimates-South Pointe-101 Single Family/83 Town Homes TIF Revenue South Pointe Public Low Income South Pointe Public Improv. 25% to Improvements FY 38.1% Public Imp. Uncommitted Developer Cumulative TIF 2018 $ - $ - $ - 2019 $ 77,985 $ 126,700 $ - $ 31,675 $ 95,025 2020 $ 164,130 $ 266,657 $ - $ 66,664 $ 295,018 2021 $ 294,716 $ 478,816 $ - $ 119,704 $ 654,130 2022 $ 367,836 $ 597,613 $ - $ 149,403 $ 1,102,340 2023 $ 410,860 $ 551,680 $ 115,833 $ 146,303 $ 1,623,550 2024 $ 444,538 $ - $ 722,228 $ - $ 2,345,778 2025 $ 465,424 $ - $ 756,162 $ - $ 3,101,940 2026 $ 487,292 $ - $ 791,690 $ - $ 3,893,630 2027 $ 510,188 $ - $ 828,888 $ - $ 4,722,518 2028 $ 534,159 $ - $ 867,833 $ - $ 5,590,351 2029 $ 559,256 $ - $ 908,608 $ - $ 6,498,959 TIF Revenue $ 4,316,384 $ 2,021,467 $ 4,991,242 $ 513,750 TIF Funds Committed $ 1,244,231 $ 2,021,467 Uncommitted LMI Funds $ 3,072,153 Subdivision Improvements WaterthruMcNamer- EasementandPipe $ 155,000 Fiber Conduit&Vaults $ 358,750 Total Subdivision Improvement $ 513,750 Public Improvements Recreational Enhancement/Park $ 50,000 Fiber Conduits and Vaults- Rockdale $ 127,500 Stormwater- Rockdale Improvements $ 190,330 Sanitary- Rockdale Improvements $ 250,000 Water Connection Fee $ (8,372) 9 Water Service Lines- Rockdale Road $ 13,500 Rockdale Rd - South Pointe to Maquoketa Dr $ 1,118,599 Rockdale Street Assessments $ (233,839) Total Public Improvements $ 1,507,717 Total Improvements $ 2,021,467 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: November 25, 2016, and for which the charge is $58.20. 37:1 Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this 9a day o s !, c� , 20 /e, . Notary Public in and for Dubuque County, Iowa. mlis5ion Number 154885 ; rim. Exp. FES. 1, 2017 CITY OF DUBUQUE, IOWA OFFICIAL NOTICES PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on 5th day of Decem- ber, 2016, at 6:00 p.m„ in the Historic Federal Building, City Council Chambers (Second Floor), 350 West 6th Street, Dubuque, Iowa, at which meeting the City Council will con- sider a proposed Urban Renewal Plan ("Plan") for the South Pointe Housing Urban Renew- al Area ("Area"). The Plan' for the South Pointe Housing Urban Renewal Area is pro- posed to help local offi- cials promote housing and residential devel- opment in the City of Dubuque ("City"). The primary goal of the Plan - is to stimulate, through public involve- ment and commitment, private investment in new housing anderesi dential development as defined by the Iowa Code Section 403.17(12). The pro- posed Plan,' if ap- proved, would include public improvements related to housing and residential develop- ment within public rights-of-way and proj- ect roject activities that may be undertaken in order to achieve the objec- tives of the Plan. The South Pointe Housing Urban Renew- al - Area generally: in- cludes an area known as the South Pointe Subdivision and some adjoining public right- of-way generally along Creekwood Drive to the west, and Rockdale Road to the south, all located in the City of Dubuque, Iowa. The I, Area is legally..descri- bed as follows: LOT 1 OF TOWER. IN- VESTMENTS SUBDIVI- SION NO. 1, CITY OF' DUBUQUE; AND LOT 1 OF LOT`1 OF LOT 2 OF TOWER IN- VESTMENTS SUBDIVI- SION NO. 1.;`CITY OF DUBUQUE; AND LOT.2 OF TABLE MOUND MOBILE HOME PARK, CITY OF DUBU- QUE;AND LOT 2 OF LOT 1 OF LOT 1 OF LOT 1 OF LOT 1 OF LOT 1 OF LOT 2 OF LOT 2 OF MINERAL LOT 483, CITY OF DUBUQUE; AND • LOT 1 OF MARY LOU PLACE, CITY OF DUBU- QUE;AND LOT 1 OF MCNAMER ACRES NO. 1; AND LOT 1 OF MCNAMER ACRES NO. 3; AND LOT 2 OF MCNAMER ACRES NO. 3; AND ALL THAT PART OF ,THE MANSON ROAD RIGHT OF WAY LYING NORTH AND EAST OF ITS SOUTHERLY TERMI- NUS AND LYING SOUTH AND WEST OF THE NORTHWESTERLY EX- TENSION OF THE EAST- ERLY LINE OF LOT'2 OF MCNAMER ACRES NO. 2; AND ALL THAT PART OF THE CREEKWOOD DRIVE RIGHT OF WAY LYING NORTH : AND WEST OF THE WESTER- LY RIGHT OF WAY LINE OF MANSON ROAD AND LYING SOUTHAND EAST OF THE SOUTH- ERLY RIGHT OF WAY I' LINE OF NORTH CAS- CADE ROAD; AND ALL THAT PART OF THE ROCKDALE ROAD', RIGHT OF WAY LYING SOUTH OF THE WEST- ERLY EXTENSION OF THE NORTH ,LINE OF LOT 1 OF MARY LOU PLACE ANDLYING NORTH OF THE SOUTH- ERN TERMINUS OF THE ROCKDALE ROAD RIGHT OF WAY; AND ALL THAT PART OF THE KEY WEST DRIVE RIGHT OF WAY AND THE US HIGHWAY 61 RIGHT OF WAY LYING SOUTH OF THE EAST- ERLY. AND WESTERLY EXTENSION OF THE SOUTH LINE OF LOT 2 1-1-1-3 OF ANNIE WAL- LER- SUBDIVISION #2 AND LYING NORTH OF THE EASTERLY AND WESTERLY EXTENSION OF THAT PART OF LOT 1 OF MINERAL LOT 479 LYING `;WEST OF US HIGHWAY 61. Under the Plan, it is expected t'hat a portion of the available tax in- crement revenues gen- erated within the Area, equal in amount to at least 38.1% of the ex- pected project costs, are to be used for pur- poses of,providing as- sistance to low and moderate income housing in the com- munity at om-munityat large. At the above meeting, the City Council will re- ceive oral and, written comments from any residentor property owner of said City to the above action. Writ- ten comments 'regard- ing the egarding.the proposed Plan may be submitted to the City Clerk's Office on or before said time of public hearing, Copies of supporting, documents for the pub- lic hearing are on file in the City Clerk's Office, 50.W. 13th Street, and may be viewed during normal working hours. Any visual or hearing impaired persons needing special assis- tance or persons with special accessibility needs should contact the City Clerk's Office at (563) 589-4100 or 1 TTY (563) 690-6678 at least 48 hours prior to the meeting. Published by order of the, City Council given on the 7th day of No- vember, 2016. Kevin S. Firnstahl CMC, City Clerk It 11/25 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: November 25, 2016, and for which the charge is $58.20. 37.,[ 2Z Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this 941, day of �o,,.,,J , 20 /, . Notary Public in and for Dubuque County, Iowa. 4 Y K. VVEStE.14.:l1E hav e mission Number 154685 Comm. Exp. FEB. 1, 2017 1 Pulled from Agenda CITY OF DUBUQUE, IOWA OFFICIAL NOTICE PUBLIC NOTICE is hereby given that the City Council of the City of Dubuque, Iowa, will hold a public hearing on 5th day of Decem- ber, 2016, at 6:00 p.m., in the Historic Federal Building, City Council Chambers (Second Floor), 350 West 6th Street, Dubuque, Iowa, at which meeting the City Council will con- sider a proposed Urban Renewal Plan ("Plan") for the South Pointe Housing Urban Renew- al Area ("Area"). The Plan for the South Pointe Housing Urban Renewal Area is pro- posed to help local offi- cials promote housing and residential devel- opment in the City of Dubuque ("City"). The primary goal of the Plan is to stimulate, through public involve- ment and commitment, private investment in new housing and. resi- dential development as defined by the Iowa Code Section 403.17(12). The pro- posed Plan, if ap- proved, would include public improvements related to housing and residential develop- ment within public rights -of -way and proj- ect activities that may be undertaken in order to achieve the objec- tives of the Plan. The South Pointe Housing Urban Renew- al Area generally in- cludes an area known as the South Pointe Subdivision and some adjoining public right- of-way generally along Creekwood Drive to the west, and Rockdale Road to the south, all located in the City of Dubuque, Iowa. The Area is legally descri- bed as follows: LOT 1 OF TOWER IN- VESTMENTS SUBDIVI- SION NO. 1, CITY OF DUBUQUE; AND LOT 1 OF LOT 1 OF LOT 2 OF TOWER IN- VESTMENTS SUBDIVI- SION NO. 1, CITY OF DUBUQUE; AND LOT 2 OF TABLE MOUND MOBILE HOME PARK, CITY OF DUBU- QUE; AND LOT 2 OF LOT 1 OF LOT 1 OF LOT 1 OF LOT 1 OF LOT 1 OF LOT 2 OF LOT 2 OF MINERAL LOT 483, CITY OF DUBUQUE; AND LOT 1 OF MARY LOU PLACE, CITY OF DUBU- QUE; AND LOT 1 OF MCNAMER ACRES NO. 1; AND LOT 1 OF MCNAMER ACRES NO. 3; AND LOT 2 OF MCNAMER ACRES NO. 3; AND ALL THAT PART OF THE MANSON ROAD RIGHT OF WAY LYING NORTH AND EAST OF ITS SOUTHERLY TERMI- NUS AND LYING SOUTH AND WEST OF THE NORTHWESTERLY EX- TENSION OF THE EAST- ERLY LINE OF LOT 2 OF MCNAMER ACRES NO. 2; AND ALL THAT PART OF THE CREEKWOOD bRIVE RIGHT OF WAY LYING NORTH AND WEST OF THE WESTER- LY RIGHT OF WAY LINE OF MANSON ROAD AND LYING SOUTH AND EAST OF THE SOUTH- ERLY RIGHT OF WAY LINE OF NORTH CAS- CADE ROAD; AND ALL THAT PART OF THE ROCKDALE ROAD RIGHT OF WAY LYING SOUTH OF THE WEST- ERLY EXTENSION OF THE NORTH LINE OF LOT 1 OF MARY LOU PLACE AND LYING NORTH OF THE SOUTH- ERN TERMINUS OF THE ROCKDALE ROAD RIGHT OF WAY; AND ALL THAT PART OF THE KEY WEST DRIVE RIGHT OF WAY AND THE US HIGHWAY 61 RIGHT OF WAY LYING SOUTH OF THE EAST- ERLY AND WESTERLY EXTENSION OF THE SOUTH LINE OF LOT 2- 1-1-1-3 OF ANNIE WAL- LER SUBDIVISION #2 AND LYING NORTH OF THE EASTERLY AND WESTERLY EXTENSION OF THAT PART OF LOT 1 OF MINERAL LOT 479 LYING WEST OF US HIGHWAY 61. Under the Plan, it is expected that a portion of the available tax in- crement revenues gen- erated within the Area, equal in amount to at least 38.1% of the ex- pected project costs, are to be used for pur- poses of providing as- sistance to low and moderate income housing in the com- munity at large. At the above meeting, the City Council will re- ceive oral and written comments from any resident or property owner of said City to the above action. Writ- ten comments regard- ing the proposed Plan may be submitted to the City Clerk's Office on or before said time of public hearing. Copies of supporting documents for the pub- lic hearing are on file in the City Clerk's Office, 50 W. 13th Street, and may be viewed during normal working hours. Any visual or hearing impaired persons needing special assis- tance or persons with special accessibility needs should contact the City Clerk's Office at (563) 589-4100 or TTY (563) 690-6678 at least 48 hours prior to the meeting. Published by order of the City Council given on the 7th day of No- vember, 2016. Kevin S. Firnstahl CMC, City Clerk It 11/25