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Resolution 2018-07, Setting Dates Of A Consultation And A Public Hearing On A Proposed Amendment No. 1 To The State Street Urban Renewal Plan In The City Of Riverdale, State Of Iowa
RESOLUTION NO. 2018-07 RESOLUTION SETTING DATES OF A CONSULTATION AND A PUBLIC HEARING ON A PROPOSED AMENDMENT NO. 1 TO THE STATE STREET URBAN RENEWAL PLAN IN THE CITY OF RIVERDALE, STATE OF IOWA WHEREAS, by Resolution No. 2014-21, adopted November 18, 2014, this Council found and determined that certain areas located within the City are eligible and should be designated as an urban renewal area under Iowa law, and approved and adopted the Urban Renewal Plan (the "Plan" or "Urban Renewal Plan") for the State Street Urban Renewal Area (the "Area" or "Urban Renewal Area") described therein, which Plan is on file in the office of the Recorder of Scott County; and WHEREAS, this Urban Renewal Area currently includes and consists of: ORIGINAL AREA That part of the City of Riverdale, Scott County situated south and east of the following described line: Beginning at the most northerly northwest corner of Scott County parcel 842617022, also being the property known as 4426 State Street in Riverdale, thence proceeding northeasterly along the northwesterly line of said parcel and the northwesterly line of Val-River Subdivision (parcel 8426011011) 457.84 feet to the most northerly southwest corner of parcel 842601007, also being the property known as 4602 State Street in Riverdale; thence northwesterly 384.19 feet, easterly 389.38 feet and southeasterly approximately 186 feet around the north end of parcel 842601007 to the most northerly northwest corner of parcel 842601001,; thence northeasterly 380.76 feet and southeasterly 355.3 feet along the northwest and northeast boundaries of said parcel 842601001 to the northwesterly right of way line of State Street; thence northeasterly along said right of way line approximately 1312 feet to the most southerly corner of Outlot A of Pleasant Hills First Addition (parcel 84235220A-1); thence northwesterly 492.46 feet and northeasterly 537.37 feet along the southwest and northwest lines of said Outlot A to the westerly right of way line of Manor Drive; thence on a straight line across Manor Drive 60 feet to the southwest corner of Lot 60 of Pleasant Hills Third Addition; thence southeasterly 252.5 feet along the south lines of said Lot 60 and Lot 61 to a bend in the south line of said Lot 61; thence northeasterly 367.0 feet along the southerly lines of said Lot 61 and Lot 62 to the southeasterly corner of said Lot 62; thence southeasterly 40 feet along the easterly boundary of Outlot A of said Pleasant Hills Third Subdivision to the northwesterly boundary of parcel 842353002, being the property known as 4900 State Street in Riverdale; thence northeasterly approximately 230 feet along said northwesterly boundary to the most northerly corner of said parcel 842353002; thence southeasterly 250 feet along the northeasterly boundary of said parcel 1 842353002 to the northwesterly right of way line of State Street (US Highway 67); thence northeasterly approximately 1225 feet along said right of way line of State Street to the northwesterly right of way line of Valley Drive; thence northeasterly approximately 1180 feet along said right of way line to the corporate boundary in Fenno Road. Excepting therefrom the following parcels: 1. Lots 1 through 22 of Havens Acres Subdivision 2. Lots 24 through 40 of Havens Acres Subdivision 3. All Railroad right of way in Havens Acres Subdivision 4. Sycamore Lane and Wisteria Lane right of way in Havens Acres Subdivision WHEREAS, City staff has caused there to be prepared a form of Amendment No. 1 to the Plan ("Amendment No. 1" or "Amendment"), a copy of which has been placed on file for public inspection in the office of the City Clerk and which is incorporated herein by reference, the purpose of which is to add and/or confirm the list of proposed projects to be undertaken within the Area; and WHEREAS, it is desirable that the area be redeveloped as part of the overall redevelopment covered by the Plan, as amended; and WHEREAS, this proposed Amendment No. 1 adds no new land; and WHEREAS, the Iowa statutes require the City Council to notify all affected taxing entities of the consideration being given to the proposed Amendment No. 1 and to hold a consultation with such taxing entities with respect thereto, and further provides that the designated representative of each affected taxing entity may attend the consultation and make written recommendations for modifications to the proposed division of revenue included as a part thereof, to which the City shall submit written responses as provided in Section 403.5, as amended; and WHEREAS,the Iowa statutes further require the City Council to hold a public hearing on the proposed Amendment No. 1 subsequent to notice thereof by publication in a newspaper having general circulation within the City, which notice shall describe the time, date, place and purpose of the hearing, shall generally identify the urban renewal area covered by the Amendment and shall outline the general scope of the urban renewal project under consideration, with a copy of the notice also being mailed to each affected taxing entity. NOW THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF RIVERDALE, STATE OF IOWA: Section 1. That the consultation on the proposed Amendment No. 1 required by Section 403.5(2) of the Code of Iowa, as amended, shall be held on February 22, 2018, in the Council Chambers, City Hall, 110 Manor Drive, Riverdale, Iowa, at 10:00 A.M., and the City Administrator, or his delegate, is hereby appointed to serve as the designated representative of 2 the City for purposes of conducting the consultation, receiving any recommendations that may be made with respect thereto and responding to the same in accordance with Section 403.5(2). Section 2. That the City Clerk is authorized and directed to cause a notice of such consultation to be sent by regular mail to all affected taxing entities, as defined in Section 403.17(1), along with a copy of this Resolution and the proposed Amendment No. 1, the notice to be in substantially the following form: 3 AMENDMENT NO. 1 TO THE URBAN RENEWAL PLAN FOR THE STATE STREET URBAN RENEWAL AREA CITY OF RIVERDALE, IOWA Original Plan Adopted—November 2014 Amendment No. 1 Adopted— 2018 - 1 - Final Version AMENDMENT NO. 1 TO THE URBAN RENEWAL PLAN FOR THE STATE STREET URBAN RENEWAL AREA CITY OF RIVERDALE, IOWA INTRODUCTION The Urban Renewal Plan ("Plan") for the State Street Urban Renewal Area ("Area"), adopted in 2014, is being amended to add and/or confirm the list of proposed projects to be undertaken within the Area by this Amendment No. 1 ("Amendment No. 1"). No land is being added to the Area by this Amendment No. 1. The material changes by this Amendment No. 1 include the following: 1. Addition of Eligible Urban Renewal Projects. See Pages 3 - 4. 2. Updating Financial Data. See Pages 4 - 5. Except as modified by this Amendment No.1, the provisions of the Plan are hereby ratified, confirmed, and approved and shall remain in full force and effect as provided herein. In case of any conflict or uncertainty, the terms of this Amendment No. 1 shall control. Any subsections not mentioned in this Amendment No. 1 shall continue to apply to the Plan. DESCRIPTION OF AREA Even though no land is being added by this Amendment No. 1, for convenience the legal description of the Area is set out in Exhibit A and a depiction of the Area is set out in Exhibit B. BASE VALUE No change is being made to the boundary of the Area by this Amendment No. 1. The Area has a frozen base value that has already been established and that is not being changed by this Amendment No. 1. AREA DESIGNATION The Area was originally designated as appropriate for the promotion of economic development (commercial and industrial). The Area continues to be appropriate for the promotion of -2- Final Version economic development (commercial and industrial). No change is made to the area designation by this Amendment No. 1. PROJECT OBJECTIVES No changes are being made to the Project Objectives by this Amendment No. 1. TYPES OF RENEWAL ACTIVITIES No changes are being made to the Types of Renewal Activities by this Amendment No. 1. PREVIOUSLY APPROVED URBAN RENEWAL PROJECTS Numerous urban renewal projects were authorized prior to the date of this Amendment No. 1 and are continuing. Such projects are not listed in this Amendment No. 1 but consist of a variety of urban renewal projects. ELIGIBLE URBAN RENEWAL PROJECT(S) (Amendment No. 1) Although certain project activities may occur over a period of years, in addition to the projects previously proposed in the Plan, as previously amended, the Eligible Urban Renewal Projects under this Amendment No. 1 include: 1. Public Improvements Urban Renewal Project Estimated Estimated Rationale Description Time Period Cost to be reimbursed by tax increment financing Reconstruction of South 2018 - 2020 $250,000 - Improvements are expected to aid Bellingham Street from its $300,000 in the flow of heavy truck traffic intersection with State St. to serving major commercial and the south approximately industrial businesses and are 1450 linear feet expected to encourage expansion within the Area. The total project is expected to cost approximately $1,344,000 of which approximately 80% is expected from RISE grant funding with an approximately 20% match to be reimbursed from tax increment financing. Total Not to exceed $250,000 to $300,000 -3- Final Version Note: It may be that the above costs will be reduced by the application of state and/or federal grants or programs; cost-sharing agreements with other entities; or other available sources of funds. 2. Tax Rebate or other Development Agreements A. Arconic Inc. (or a related entity): It is anticipated that the proposed project will involve the construction and remodeling of buildings to facilitate the installation of a Horizontal Heat Treat Furnace and supporting equipment. In addition the developer is expected to replace much of its IT architecture, rebuilding a metal casting complex, replacing switchgear, and power conversion equipment in the hot rolling area and completing an automation project in cold rolling. It is expected that the project will create and/or retain jobs. Construction on the project is expected to occur in 2018-2020. The developer for this project is Arconic Inc. (or a related entity) and it is estimated that their capital investment will be approximately $162,560,000 with approximately $41,380,000 of that amount being directly related to the construction and remodeling of buildings in the Area. The City expects to provide incentives in the form of incremental tax rebates not to exceed $3,500,000 of the incremental property taxes generated by the increased assessed value of the new and remodeled buildings. All incentives will be subject to the terms and conditions of a development agreement between the City and the developer. These rebates will not be general obligations of the City, but will be payable solely from the incremental taxes generated by the project. 3. Planning, engineering fees (for urban renewal plans), attorney fees, other related costs to support urban renewal projects and planning Project Date Estimated cost Fees and costs Undetermined Not to exceed$50,000 FINANCIAL DATA 1. Current constitutional debt limit: $3,607,673 2. Current outstanding general obligation debt: $1,240,000 3. Proposed amount of indebtedness to be incurred: A specific amount of debt to be incurred for the Eligible Urban Renewal $3,800,000 - $3,850,000 Projects (Amendment No. 1) has not yet been determined. This This total does not document is for planning purposes only. The estimated project include financing costs costs in this Amendment No. 1 are estimates only and will be related to debt issuance, incurred and spent over a number of years. In no event will the which will be incurred City's constitutional debt limit be exceeded. The City Council over the life of the Area. will consider each project proposal on a case-by-case basis to determine if it is in the City's best interest to participate before approving an urban renewal project or expense. It is further expected that such indebtedness, including interest on the same, -4- Final Version may be financed in whole or in part with tax increment revenues from the Area. Subject to the foregoing, it is estimated that the cost of the Eligible Urban Renewal Projects as described above will be approximately as stated in the next column: DEVELOPMENT PLAN/ZONING The City of Riverdale has a general plan for the physical development of the City as a whole outlined in the 2012-2032 Comprehensive Plan, adopted by the City in November 2012. The goals and objectives of this Plan, including the urban renewal projects, are in conformity with the 2012-2032 Comprehensive Plan. This Plan does not in any way replace or modify the City's current land use planning or zoning regulation process. Any urban renewal projects related to the need for improved traffic, public transportation, public utilities, recreational and community facilities, or other public improvements within the Area are set forth in this Plan, as-amended. As the Area develops, the need for public infrastructure extensions and upgrades will be evaluated and planned for by the City. URBAN RENEWAL FINANCING The City intends to utilize various financing tools such as those described below to successfully undertake the proposed urban renewal actions. The City has the statutory authority to use a variety of tools to finance physical improvements within the Area. These include: A. Tax Increment Financing Under Section 403.19 of the Iowa Code, urban renewal areas may utilize the tax increment financing mechanism to finance the costs of public improvements or economic development incentives associated with redevelopment projects. Upon creation of a tax increment district within the Area, by ordinance, the assessment base is frozen and the amount of tax revenue available from taxes paid on the difference between the frozen base and the increased value, if any, is segregated into a separate fund for the use by the City to pay costs of the eligible urban renewal projects. Certain increased taxes generated by any new development, above the base value, are distributed to the taxing entities, if not requested by the City. B. General Obligation Bonds Under Division III of Chapter 384 and Chapter 403 of the Iowa Code,the City has the authority to issue and sell general obligation bonds for specified essential and general corporate purposes, including the acquisition and construction of certain public improvements within the Area or incentives for development consistent -5 - Final Version with the Plan. Such bonds are payable from the levy of unlimited ad valorem taxes on all the taxable property within the City. It may be the City will elect to abate some or all of the debt service on these bonds with incremental taxes from this Area. The City may also determine to use tax increment financing to provide incentives such as cash grants, loans, tax rebates or other incentives to developers in connection with urban renewal projects for commercial or industrial development or other urban renewal projects. In addition, the City may determine to issue general obligation bonds, tax increment revenue bonds or such other obligations, or loan agreements for the purpose of making loans or grants of public funds to private businesses located in the Area for urban renewal projects. Alternatively, the City may determine to use available funds for making such loans or grants for urban renewal projects. In any event, the City may determine to use tax increment financing to reimburse the City for any obligations or advances. 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 427B, or any other provision of the Code of Iowa in furtherance of the objectives of the Plan, as amended. PROPERTY ACQUISITION/DISPOSITION Notwithstanding prior plan provisions, the City will follow any and all applicable requirements for the acquisition and disposition of property upon terms and conditions in the discretion of the City Council. RELOCATION The City does not expect there to be any relocation required as part of the eligible urban renewal projects; however, if any relocation is necessary, the City will follow all applicable relocation requirements. URBAN RENEWAL PLAN AMENDMENTS The Plan may be amended from time to time for a variety 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, to add or change urban renewal projects, or to amend property acquisition and disposition provisions. The City Council may amend the Plan in accordance with applicable state law. EFFECTIVE PERIOD This Amendment No. 1 to the Urban Renewal Plan for the State Street Urban Renewal Area will become effective upon its adoption by the City Council. Notwithstanding anything to the -6- Final Version contrary in the Plan, any prior amendment, resolution, or document the Plan shall remain in effect until terminated by the City Council, and 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, will be consistent with Chapter 403 of the Iowa Code. The division of revenues shall continue on the Area, including all amendment areas, for the maximum period allowed by law. The original Area was first certified in 2014; therefore, fiscal year 2034-2035 is the last year that Tax Increment can be collected on the original Area. REPEALER AND SEVERABILITY CLAUSE Any parts of the Plan, as amended, in conflict with this Amendment No. 1 are hereby repealed. If any part of this Amendment No. 1 is determined to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity of the previously adopted Plan as a whole or the previous amendments to the Plan, if any, or any part of the Plan not determined to be invalid or unconstitutional. -7- Final Version EXHIBIT A Legal Description of the Area That part of the City of I►.rerale.Scott Cata+ti situated south and east oldie tbfowsng described kne- Beginning at the most northerly n©r'2hrrest earner of Scott County parcel$42617022,also being the property known as 4426 State Street sr Rave-relate,thence p-weleedri ncrtheaster'y along the northwesterly line of said parcel and the northwesterly fele of Val-Rive,S bdrrts+on ipartel 1+26011011)457.24 flet to the most northiAy souhwett oon+er of parch 842601007,also being the property know►es 4602 State Street el Riverdale,thence northwesterly 344.1$ feet, easterly 389.38 feet and southeast*rty aporosrtrnatery 186 feet around the north end of parcel $42601001 to the most northerly northwest corner of parcel 842601001.. thence rtheasttrfy 380.76 feet and southeasterly 3553 feet along the northwest and northeast boundaries of said parcel 142601001 to the northeni testy rlet of way line of State Street. thence northeasterly along sa=c rice of way ane aoprtrurna e y 1312 Peet to the most southerly corner of Oudot A of Pleasant Plis Firs Additfer (parcel $423S,220&-1); thence northwesterly 492.46 feet and northeasterly 53737 feet along the southwest and northwest tines of said Outsot A to the weterh net of way rine of Manor Drive.thence on a strait N,are across Manor Drive 60 feet to tete southwest corn*- of Lot 60 C1 Pleasant Wills Third Addition;thence southeasterly 252-5 feet along the south lines of said Lot 60 and Lot 61 to a bend in the south line of said Lot 61;thence nort'teasterty 367.0 feet along the sauther+y Innes of said Lot 61 and Lot 62 to the southeasterly corner of said Lot 62; thence southeasterly 40 feet along the easterly boundary of Oudot A cif said Pleasant Pals Third Subdivision to the usenet boundary of parcel 142353002,being the property known as 4900 State Street in Riverdale,thence northeasterly approiurnate+y 230 feet along said northwesterly bornda-r•y to the most northerly corner of said parcel 842353002,thence southeasterly 250 feet along the nort'iea te-'y baur+da y of said parcel$42353002 to the northwesterly right of wry int of State Street(US teigttvsay 67);thence northeast's* approwimately 1225 feet along said right of way lone of State Street to the nort!twe$ter$y right of way t ne of Valley Drive;thence norheaster'y approximate!, 1180 feet along said right of way lent to the corporate bo �' y in Rous Road. Eta therefrom the Bellowing parcels 1. tats 1 through 22 of Havens Acres Subdivision 2. Lacs 24 through 10 of havens Acres$ slon 3 A.7 Railroad nett©f way in Mavens Acres Subdivision s Syc::-"rye;one and Wtsierc Lane right cf way in Havens Acres Subdivision. - 8 - Final Version EXHIBIT B Map of the Area 4111; Il#41- *---'4.(c.1.1 - �-. 4 -� o .. 3 ..... : § „,....., `+*J t ,„,.... „....., _,. ...... _. ,... . ... . , _ ..,„ .....,.,.... ....„ __.„.,,_:.._... ,,L,...„. ..... _. . . ... ,.,.........„.,_.,..„ . z...._...„,„... ,_ t..2.„.. .,. ,,, ,_ t_e,rili." 1P' ....;k_ MUT Et-STATE STREET EC© Ol. C DEVUOMEN 1 UR LAN gENL4$ALMitt i t 1. Economic D mitipment Urian Ronan*Area MIN y.an.afo a>ORO.101.014 i � �y s 0'.sd.a+dw rYwmY�Pamela r+�n h+4-H^-�l:. iffi P11111 hait 01447594-1\22647-007 -9- Final Version 01447594-1\22647-007 - 10- Final Version February 13, 2018 The City Council of the City of Riverdale, State of Iowa, met in regular session, in the Council Chambers, City Hall, 110 Manor Drive, Riverdale, Iowa, at 7:00 P.M., on the above date. There were present Mayor Bawden, in the chair, and the following named Council Members: Cheryl Channon, Dean Halsey, Doug Littrel, Paul D'Camp, Anthony Heddelesten Absent: None Vacant: NA * * * * * * * Council Member Doug Littrel then introduced the following proposed Resolution entitled "RESOLUTION SETTING DATES OF A CONSULTATION AND A PUBLIC HEARING ON A PROPOSED AMENDMENT NO. 1 TO THE STATE STREET URBAN RENEWAL PLAN IN THE CITY OF RIVERDALE, STATE OF IOWA", and moved that the same be adopted. Council Member Paul D'Camp seconded the motion to adopt. The roll was called and the vote was, AYES: Cheryl Channon, Dean Halsey, Doug Littrel, Paul D'Camp,Anthony Heddlesten NAYS: None Whereupon,the Mayor declared the Resolution duly adopted as follows: ii RESOLUTION NO. 2018-07 RESOLUTION SETTING DATES OF A CONSULTATION AND A PUBLIC HEARING ON A PROPOSED AMENDMENT NO. 1 TO THE STATE STREET URBAN RENEWAL PLAN IN THE CITY OF RIVERDALE, STATE OF IOWA WHEREAS, by Resolution No. 2014-21, adopted November 18, 2014,this Council found and determined that certain areas located within the City are eligible and should be designated as an urban renewal area under Iowa law, and approved and adopted the Urban Renewal Plan(the "Plan" or "Urban Renewal Plan")for the State Street Urban Renewal Area (the "Area" or "Urban Renewal Area")described therein, which Plan is on file in the office of the Recorder of Scott County; and WHEREAS, this Urban Renewal Area currently includes and consists of: ORIGINAL AREA That part of the City of Riverdale, Scott County situated south and east of the following described line: Beginning at the most northerly northwest corner of Scott County parcel 842617022, also being the property known as 4426 State Street in Riverdale, thence proceeding northeasterly along the northwesterly line of said parcel and the northwesterly line of Val-River Subdivision (parcel 8426011011) 457.84 feet to the most northerly southwest corner of parcel 842601007, also being the property known as 4602 State Street in Riverdale; thence northwesterly 384.19 feet, easterly 389.38 feet and southeasterly approximately 186 feet around the north end of parcel 842601007 to the most northerly northwest corner of parcel 842601001,; thence northeasterly 380.76 feet and southeasterly 355.3 feet along the northwest and northeast boundaries of said parcel 842601001 to the northwesterly right of way line of State Street; thence northeasterly along said right of way line approximately 1312 feet to the most southerly corner of Outlot A of Pleasant Hills First Addition (parcel 84235220A-1); thence northwesterly 492.46 feet and northeasterly 537.37 feet along the southwest and northwest lines of said Outlot A to the westerly right of way line of Manor Drive; thence on a straight line across Manor Drive 60 feet to the southwest corner of Lot 60 of Pleasant Hills Third Addition; thence southeasterly 252.5 feet along the south lines of said Lot 60 and Lot 61 to a bend in the south line of said Lot 61; thence northeasterly 367.0 feet along the southerly lines of said Lot 61 and Lot 62 to the southeasterly corner of said Lot 62; thence southeasterly 40 feet along the easterly boundary of Outlot A of said Pleasant Hills Third Subdivision to the northwesterly boundary of parcel 842353002, being the property known as 4900 State Street in Riverdale; thence northeasterly approximately 230 feet along said northwesterly boundary to the most northerly corner of said parcel 842353002; thence southeasterly 250 feet along the northeasterly boundary of said parcel 1 842353002 to the northwesterly right of way line of State Street (US Highway 67); thence northeasterly approximately 1225 feet along said right of way line of State Street to the northwesterly right of way line of Valley Drive; thence northeasterly approximately 1180 feet along said right of way line to the corporate boundary in Fenno Road. Excepting therefrom the following parcels: 1. Lots 1 through 22 of Havens Acres Subdivision 2. Lots 24 through 40 of Havens Acres Subdivision 3. All Railroad right of way in Havens Acres Subdivision 4. Sycamore Lane and Wisteria Lane right of way in Havens Acres Subdivision WHEREAS, City staff has caused there to be prepared a form of Amendment No. 1 to the Plan ("Amendment No. 1" or "Amendment"), a copy of which has been placed on file for public inspection in the office of the City Clerk and which is incorporated herein by reference, the purpose of which is to add and/or confirm the list of proposed projects to be undertaken within the Area; and WHEREAS, it is desirable that the area be redeveloped as part of the overall redevelopment covered by the Plan, as amended; and WHEREAS, this proposed Amendment No. 1 adds no new land; and WHEREAS, the Iowa statutes require the City Council to notify all affected taxing entities of the consideration being given to the proposed Amendment No. 1 and to hold a consultation with such taxing entities with respect thereto, and further provides that the designated representative of each affected taxing entity may attend the consultation and make written recommendations for modifications to the proposed division of revenue included as a part thereof, to which the City shall submit written responses as provided in Section 403.5, as amended; and WHEREAS, the Iowa statutes further require the City Council to hold a public hearing on the proposed Amendment No. 1 subsequent to notice thereof by publication in a newspaper having general circulation within the City, which notice shall describe the time, date, place and purpose of the hearing, shall generally identify the urban renewal area covered by the Amendment and shall outline the general scope of the urban renewal project under consideration, with a copy of the notice also being mailed to each affected taxing entity. NOW THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF RIVERDALE, STATE OF IOWA: Section 1. That the consultation on the proposed Amendment No. 1 required by Section 403.5(2) of the Code of Iowa, as amended, shall be held on February 22, 2018, in the Council Chambers, City Hall, 110 Manor Drive, Riverdale, Iowa, at 10:00 A.M., and the City Administrator, or his delegate, is hereby appointed to serve as the designated representative of 2 the City for purposes of conducting the consultation, receiving any recommendations that may be made with respect thereto and responding to the same in accordance with Section 403.5(2). Section 2. That the City Clerk is authorized and directed to cause a notice of such consultation to be sent by regular mail to all affected taxing entities, as defined in Section 403.17(1), along with a copy of this Resolution and the proposed Amendment No. 1, the notice to be in substantially the following form: 3 NOTICE OF A CONSULTATION TO BE HELD BETWEEN THE CITY OF RIVERDALE, STATE OF IOWA AND ALL AFFECTED TAXING ENTITIES CONCERNING THE PROPOSED AMENDMENT NO. 1 TO THE STATE STREET URBAN RENEWAL PLAN FOR THE CITY OF RIVERDALE, STATE OF IOWA The City of Riverdale, State of Iowa will hold a consultation with all affected taxing entities, as defined in Section 403.17(1)of the Code of Iowa, as amended, commencing at 10:00 A.M. on February 22, 2018, in the Council Chambers, City Hall, 110 Manor Drive, Riverdale, Iowa concerning a proposed Amendment No. 1 to the State Street Urban Renewal Plan, a copy of which is attached hereto. Each affected taxing entity may appoint a representative to attend the consultation. The consultation may include a discussion of the estimated growth in valuation of taxable property included in the proposed Urban Renewal Area, the fiscal impact of the division of revenue on the affected taxing entities, the estimated impact on the provision of services by each of the affected taxing entities in the proposed Urban Renewal Area, and the duration of any bond issuance included in the Amendment. The designated representative of any affected taxing entity may make written recommendations for modifications to the proposed division of revenue no later than seven days following the date of the consultation. The City Administrator,or his delegate, as the designated representative of the City of Riverdale, State of Iowa, shall submit a written response to the affected taxing entity, no later than seven days prior to the public hearing on the proposed Amendment No. 1 to the State Street Urban Renewal Plan, addressing any recommendations made by that entity for modification to the proposed division of revenue. This notice is given by order of the City Council of the City of Riverdale, State of Iowa, as provided by Section 403.5 of the Code of Iowa,as amended. Dated this 13th day of February, 2018. City Clerk, City of Riverdale, State of Iowa (End of Notice) 4 Section 3. That a public hearing shall be held on the proposed Amendment No. 1 before the City Council at its meeting which commences at 7:00 P.M. on March 13, 2018, in the Council Chambers, City Hall, 110 Manor Drive, Riverdale, Iowa. Section 4. That the City Clerk is authorized and directed to publish notice of this public hearing in the Quad City Times, once on a date not less than four(4) nor more than twenty(20) days before the date of the public hearing, and to mail a copy of the notice by ordinary mail to each affected taxing entity, such notice in each case to be in substantially the following form: 5 (One publication required) NOTICE OF PUBLIC HEARING TO CONSIDER APPROVAL OF A PROPOSED AMENDMENT NO. I TO THE STATE STREET URBAN RENEWAL PLAN FOR AN URBAN RENEWAL AREA IN THE CITY OF RIVERDALE, STATE OF IOWA The City Council of the City of Riverdale, State of Iowa, will hold a public hearing before itself at its meeting which commences at 7:00 P.M. on March 13, 2018 in the Council Chambers, City Hall, 110 Manor Drive, Riverdale, Iowa,to consider adoption of a proposed Amendment No. 1 to the State Street Urban Renewal Plan(the "Amendment")concerning an Urban Renewal Area in the City of Riverdale, State of Iowa, legally described as follows: That part of the City of Riverdale, Scott County situated south and east of the following described line: Beginning at the most northerly northwest corner of Scott County parcel 842617022, also being the property known as 4426 State Street in Riverdale, thence proceeding northeasterly along the northwesterly line of said parcel and the northwesterly line of Val-River Subdivision (parcel 8426011011) 457.84 feet to the most northerly southwest corner of parcel 842601007, also being the property known as 4602 State Street in Riverdale; thence northwesterly 384.19 feet, easterly 389.38 feet and southeasterly approximately 186 feet around the north end of parcel 842601007 to the most northerly northwest corner of parcel 842601001,; thence northeasterly 380.76 feet and southeasterly 355.3 feet along the northwest and northeast boundaries of said parcel 842601001 to the northwesterly right of way line of State Street; thence northeasterly along said right of way line approximately 1312 feet to the most southerly corner of Outlot A of Pleasant Hills First Addition (parcel 84235220A-1); thence northwesterly 492.46 feet and northeasterly 537.37 feet along the southwest and northwest lines of said Outlot A to the westerly right of way line of Manor Drive;thence on a straight line across Manor Drive 60 feet to the southwest corner of Lot 60 of Pleasant Hills Third Addition; thence southeasterly 252.5 feet along the south lines of said Lot 60 and Lot 61 to a bend in the south line of said Lot 61; thence northeasterly 367.0 feet along the southerly lines of said Lot 61 and Lot 62 to the southeasterly corner of said Lot 62; thence southeasterly 40 feet along the easterly boundary of Outlot A of said Pleasant Hills Third Subdivision to the northwesterly boundary of parcel 842353002, being the property known as 4900 State Street in Riverdale; thence northeasterly approximately 230 feet along said northwesterly boundary to the most northerly corner of said parcel 842353002; thence southeasterly 250 feet along the northeasterly boundary of said parcel 842353002 to the northwesterly right of way line of State Street (US Highway 67); thence northeasterly approximately 1225 feet along said right of way line of State Street to the northwesterly right of way line of Valley Drive; thence northeasterly approximately 1180 feet along said right of way line to the corporate boundary in Fenno Road. Excepting therefrom the following parcels: 5. Lots I through 22 of Havens Acres Subdivision 6. Lots 24 through 40 of Havens Acres Subdivision 7. All Railroad right of way in Havens Acres Subdivision 8. Sycamore Lane and Wisteria Lane right of way in Havens Acres Subdivision 6 A copy of the Amendment is on file for public inspection in the office of the City Clerk, City Hall, City of Riverdale, Iowa. The City of Riverdale, State of Iowa is the local public agency which, if such Amendment is approved, shall undertake the urban renewal activities described in such Amendment. The general scope of the urban renewal activities under consideration in the Amendment is to promote the growth and retention of qualified industries and businesses in the Urban Renewal Area through various public purpose and special financing activities outlined in the Amendment. To accomplish the objectives of the Amendment, and to encourage the further economic development of the Urban Renewal Area,the Amendment provides that such special financing activities may include, but not be limited to,the making of loans or grants of public funds to private entities under Chapter 15A of the Code of Iowa. The City also may reimburse or directly undertake the installation, construction and reconstruction of substantial public improvements, including, but not limited to, street, water, sanitary sewer, storm sewer or other public improvements. The Amendment provides that the City may issue bonds or use available funds for purposes allowed by the Plan, as amended, and that tax increment reimbursement of the costs of urban renewal projects may be sought if and to the extent incurred by the City. The Amendment initially proposes specific public infrastructure or site improvements to be undertaken by the City, and provides that the Amendment may be amended from time to time. The proposed Amendment would add and/or confirm the list of proposed projects to be undertaken within the Area. The proposed Amendment adds no new land. Other provisions of the Plan not affected by the Amendment would remain in full force and effect. Any person or organization desiring to be heard shall be afforded an opportunity to be heard at such hearing. This notice is given by order of the City Council of the City of Riverdale, State of Iowa, as provided by Section 403.5 of the Code of Iowa. Dated this 13th day of February, 2018. City Clerk, City of Riverdale, State of Iowa (End of Notice) 7 Section 5. That the proposed Amendment No. 1, attached hereto as Exhibit 1, for the proposed Urban Renewal Area described therein is hereby officially declared to be the proposed Amendment No. 1 referred to in the notices for purposes of such consultation and hearing and that a copy of the Amendment shall be placed on file in the office of the City Clerk. PASSED AND APPROVED this 13th day of February, 2018. Mayor ATTEST: City Clerk Label the Amendment as Exhibit 1 (with all exhibits) and attach it to this Resolution. 8 CERTIFICATE STATE OF IOWA ) ) SS COUNTY OF SCOTT ) I, the undersigned City Clerk of the City of Riverdale, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the records of the City showing proceedings of the Council, and the same is a true and complete copy of the action taken by the Council with respect to the matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of meeting and tentative agenda, a copy of which was timely served on each member of the Council and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal office of the Council pursuant to the local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective City offices as indicated therein, that no Council vacancy existed except as may be stated in the proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the City or the right of the individuals named therein as officers to their respective positions. WITNESS my hand and the seal of the Council hereto affixed this 15th day of February, 2018. City Clerk, City of Riverdale, State of Iowa (SEAL). 01450616-1\22647 007 AMENDMENT NO. 1 TO THE URBAN RENEWAL PLAN FOR THE STATE STREET URBAN RENEWAL AREA CITY OF RIVERDALE, IOWA Original Plan Adopted—November 2014 Amendment No. 1 Adopted— 2018 - 1 - Final Version AMENDMENT NO. 1 TO THE URBAN RENEWAL PLAN FOR THE STATE STREET URBAN RENEWAL AREA CITY OF RIVERDALE, IOWA INTRODUCTION The Urban Renewal Plan ("Plan") for the State Street Urban Renewal Area ("Area"), adopted in 2014, is being amended to add and/or confirm the list of proposed projects to be undertaken within the Area by this Amendment No. 1 ("Amendment No. 1"). No land is being added to the Area by this Amendment No. 1. The material changes by this Amendment No. 1 include the following: 1. Addition of Eligible Urban Renewal Projects. See Pages 3 - 4. 2. Updating Financial Data. See Pages 4 - 5. Except as modified by this Amendment No.1, the provisions of the Plan are hereby ratified, confirmed, and approved and shall remain in full force and effect as provided herein. In case of any conflict or uncertainty, the terms of this Amendment No. 1 shall control. Any subsections not mentioned in this Amendment No. 1 shall continue to apply to the Plan. DESCRIPTION OF AREA Even though no land is being added by this Amendment No. 1, for convenience the legal description of the Area is set out in Exhibit A and a depiction of the Area is set out in Exhibit B. BASE VALUE No change is being made to the boundary of the Area by this Amendment No. 1. The Area has a frozen base value that has already been established and that is not being changed by this Amendment No. 1. AREA DESIGNATION The Area was originally designated as appropriate for the promotion of economic development (commercial and industrial). The Area continues to be appropriate for the promotion of -2- Final Version economic development (commercial and industrial). No change is made to the area designation by this Amendment No. 1. PROJECT OBJECTIVES No changes are being made to the Project Objectives by this Amendment No. 1. TYPES OF RENEWAL ACTIVITIES No changes are being made to the Types of Renewal Activities by this Amendment No. 1. PREVIOUSLY APPROVED URBAN RENEWAL PROJECTS Numerous urban renewal projects were authorized prior to the date of this Amendment No. 1 and are continuing. Such projects are not listed in this Amendment No. 1 but consist of a variety of urban renewal projects. ELIGIBLE URBAN RENEWAL PROJECT(S) (Amendment No. 1) Although certain project activities may occur over a period of years, in addition to the projects previously proposed in the Plan, as previously amended, the Eligible Urban Renewal Projects under this Amendment No. 1 include: 1. Public Improvements Urban Renewal Project Estimated Estimated Rationale Description Time Period Cost to be reimbursed by tax increment financing Reconstruction of South 2018 - 2020 $250,000 - Improvements are expected to aid Bellingham Street from its $300,000 in the flow of heavy truck traffic intersection with State St. to serving major commercial and the south approximately industrial businesses and are 1450 linear feet expected to encourage expansion within the Area. The total project is expected to cost approximately $1,344,000 of which approximately 80% is expected from RISE grant funding with an approximately 20% match to be reimbursed from tax increment financing. Total Not to exceed $250,000 to $300,000 -3 - Final Version Note: It may be that the above costs will be reduced by the application of state and/or federal grants or programs; cost-sharing agreements with other entities; or other available sources of funds. 2. Tax Rebate or other Development Agreements A. Arconic Inc. (or a related entity): It is anticipated that the proposed project will involve the construction and remodeling of buildings to facilitate the installation of a Horizontal Heat Treat Furnace and supporting equipment. In addition the developer is expected to replace much of its IT architecture, rebuilding a metal casting complex, replacing switchgear, and power conversion equipment in the hot rolling area and completing an automation project in cold rolling. It is expected that the project will create and/or retain jobs. Construction on the project is expected to occur in 2018-2020. The developer for this project is Arconic Inc. (or a related entity) and it is estimated that their capital investment will be approximately $162,560,000 with approximately $41,380,000 of that amount being directly related to the construction and remodeling of buildings in the Area. The City expects to provide incentives in the form of incremental tax rebates not to exceed $3,500,000 of the incremental property taxes generated by the increased assessed value of the new and remodeled buildings. All incentives will be subject to the terms and conditions of a development agreement between the City and the developer. These rebates will not be general obligations of the City, but will be payable solely from the incremental taxes generated by the project. 3. Planning, engineering fees (for urban renewal plans), attorney fees, other related costs to support urban renewal projects and planning Project Date Estimated cost Fees and costs Undetermined Not to exceed $50,000 FINANCIAL DATA 1. Current constitutional debt limit: $3,607,673 2. Current outstanding general obligation debt: $1,240,000 3. Proposed amount of indebtedness to be incurred: A specific amount of debt to be incurred for the Eligible Urban Renewal $3,800,000 - $3,850,000 Projects (Amendment No. 1) has not yet been determined. This This total does not document is for planning purposes only. The estimated project include financing costs costs in this Amendment No. 1 are estimates only and will be related to debt issuance, incurred and spent over a number of years. In no event will the which will be incurred City's constitutional debt limit be exceeded. The City Council over the life of the Area. will consider each project proposal on a case-by-case basis to determine if it is in the City's best interest to participate before approving an urban renewal project or expense. It is further expected that such indebtedness, including interest on the same, -4- Final Version may be financed in whole or in part with tax increment revenues from the Area. Subject to the foregoing, it is estimated that the cost of the Eligible Urban Renewal Projects as described above will be approximately as stated in the next column: DEVELOPMENT PLAN/ZONING The City of Riverdale has a general plan for the physical development of the City as a whole outlined in the 2012-2032 Comprehensive Plan, adopted by the City in November 2012. The goals and objectives of this Plan, including the urban renewal projects, are in conformity with the 2012-2032 Comprehensive Plan. This Plan does not in any way replace or modify the City's current land use planning or zoning regulation process. Any urban renewal projects related to the need for improved traffic, public transportation, public utilities, recreational and community facilities, or other public improvements within the Area are set forth in this Plan, as.amended. As the Area develops, the need for public infrastructure extensions and upgrades will be evaluated and planned for by the City. URBAN RENEWAL FINANCING The City intends to utilize various financing tools such as those described below to successfully undertake the proposed urban renewal actions. The City has the statutory authority to use a variety of tools to finance physical improvements within the Area. These include: A. Tax Increment Financing Under Section 403.19 of the Iowa Code, urban renewal areas may utilize the tax increment financing mechanism to finance the costs of public improvements or economic development incentives associated with redevelopment projects. Upon creation of a tax increment district within the Area, by ordinance, the assessment base is frozen and the amount of tax revenue available from taxes paid on the difference between the frozen base and the increased value, if any, is segregated into a separate fund for the use by the City to pay costs of the eligible urban renewal projects. Certain increased taxes generated by any new development, above the base value, are distributed to the taxing entities, if not requested by the City. B. General Obligation Bonds Under Division III of Chapter 384 and Chapter 403 of the Iowa Code, the City has the authority to issue and sell general obligation bonds for specified essential and general corporate purposes, including the acquisition and construction of certain public improvements within the Area or incentives for development consistent -5 - Final Version with the Plan. Such bonds are payable from the levy of unlimited ad valorem taxes on all the taxable property within the City. It may be the City will elect to abate some or all of the debt service on these bonds with incremental taxes from this Area. The City may also determine to use tax increment financing to provide incentives such as cash grants, loans, tax rebates or other incentives to developers in connection with urban renewal projects for commercial or industrial development or other urban renewal projects. In addition, the City may determine to issue general obligation bonds, tax increment revenue bonds or such other obligations,or loan agreements for the purpose of making loans or grants of public funds to private businesses located in the Area for urban renewal projects. Alternatively, the City may determine to use available funds for making such loans or grants for urban renewal projects. In any event, the City may determine to use tax increment financing to reimburse the City for any obligations or advances. 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 427B, or any other provision of the Code of Iowa in furtherance of the objectives of the Plan, as amended. PROPERTY ACOUISITION/DISPOSITION Notwithstanding prior plan provisions, the City will follow any and all applicable requirements for the acquisition and disposition of property upon terms and conditions in the discretion of the City Council. RELOCATION The City does not expect there to be any relocation required as part of the eligible urban renewal projects; however, if any relocation is necessary, the City will follow all applicable relocation requirements. URBAN RENEWAL PLAN AMENDMENTS The Plan may be amended from time to time for a variety 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, to add or change urban renewal projects, or to amend property acquisition and disposition provisions. The City Council may amend the Plan in accordance with applicable state law. EFFECTIVE PERIOD This Amendment No. 1 to the Urban Renewal Plan for the State Street Urban Renewal Area will become effective upon its adoption by the City Council. Notwithstanding anything to the -6- Final Version contrary in the Plan, any prior amendment, resolution, or document the Plan shall remain in effect until terminated by the City Council, and 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, will be consistent with Chapter 403 of the Iowa Code. The division of revenues shall continue on the Area, including all amendment areas, for the maximum period allowed by law. The original Area was first certified in 2014; therefore, fiscal year 2034-2035 is the last year that Tax Increment can be collected on the original Area. REPEALER AND SEVERABILITY CLAUSE Any parts of the Plan, as amended, in conflict with this Amendment No. 1 are hereby repealed. If any part of this Amendment No. 1 is determined to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity of the previously adopted Plan as a whole or the previous amendments to the Plan, if any, or any part of the Plan not determined to be invalid or unconstitutional. -7- Fina!Version EXHIBIT A Legal Description of the Area That part of the City of Riverdale. Scott County situated south and east of the following described Mir Beginning at the most ncrter y northwest corner d 5ce County parcel 1142617022,also being the property known as 4426 State Street zr Qnerta!e.thief-Ice orocee int r /the a i:ersy along the north-westerly IoM of said parcel and the northweszerty arse of iiil-Rrve'S.ib v!s+a+(parte 11426C11011i AS7 44 feet to the most northerly southwest corner of parcel 542601007.also be the;ewe-My known as 4602 State Street lir Riverdale.thence rnorthwesterty 3114.11 feet. easterly 389.34 feet and so‘Mtasti rty a=r=rhrate r 136 feet around the north end of parcel 642601007 to the most norhert! northwest corner of parcel $42601001., thence ^orV asterty 3/C.76 fret and southeasterly 355.3 feet along mi northwest and'+creast*o r`Canes:f said parcel$42601001 to the northwesterty rteht of way Mie or State Street. thence northeasterly aicxhg sacs r'it dray air aoPraa"aer 1312 Stet to the most scuttherlr corner of Oudot A of Peasant las Fru Addibor (parcel U23S220A-1): thence northwesterly 492.46 feet and northeasterly 53737 feet along the southwest and northwest lines of said Oudot A to the westerly net cf way fine of Manor Drive.thence on a strait line acrras Manor Drive 60 feet to ter southwest corner of Lot 60 of Pleasant Kills Third Addition:thence southeasterty 2523 beet alorne the with Ines of said Lot 60 and Lot 61 to a bend in the south line of said lot 61.thence northeasterly 367.0 feet along the s�titherty lines of sad Lot 61 and lot 62 to the lout earir y corner of said lot 62; thence scuts'. 40 feet along the easterly txr.ndary of Oudot A Of said Pleasant Kits Third Subdivision to the northwesterly boundary of parcel$42353002.bong the property known as 4900 State Street un Riverdale,thence northeasterly aptx-a r-attry 23C feet alone sa.0 "orte esterty ba+r4ary to the most northerly corner of said parcel 632353002.thence scutheasterty 250 feet axone the norhenten°y 5osr+dai v of said parcel$42353002 to the northwesterly right of way Ins of State Street(US t+hg+hv.sy 67);thence rrorOneasterly appror rnatety 1225 feet alone said right of we Mne of State Street to the northwesters,/rhgi.t of ray line of valley Drive:thence nor'.t+easter'y approximately 1150 feet along said nght of way ire to the caroorate boundary w'Fenno Road. Censpeng therefrom the fodowme parcels L Lots I through 22 of►ravens Aces Sued...Won 2. Lacs 24 a woueh 40 of Hallie Acres Subdivision 3. Al mod r OPr af ray h Mavens Acres Svae:,vrsron A. Sparvore Lane and aMstrro Lane rsgAt of war in Havens Acres Subd+vwo- -8 - Final Version EXHIBIT B Map of the Area N. r•; - h 1 *. 74 +p "' y '` err • 4,4 y - - �s 4►: .ti • ,." - g y y�+1. i iI.( u MEET$-STATE STREET ECONOMIC DE TIOP\t:\t( NW.R: -•,%,. •, ;. t r 10411104 i Ecaro mec Onw� wRenews!rt �t Urban Rews!Ma w ..• a •eawo• PRO NUM. k Rrvorsae Parcae '.1'Ch arms • . t —'1 y�"t armismint f .....•.r...MM.41111...110-...••••••••_.....•••.r. 1 01437594-1\22647-007 -9- Final Version CERTIFICATE OF MAILING OF NOTICES OF CONSULTATION AND HEARING I, the undersigned, City Clerk of the City of Riverdale, State of Iowa, do hereby certify that on the 15th day of February, 2018, I caused there to be deposited and mailed in the United States mail at Riverdale, Iowa, properly stamped and addressed, a copy of the following- described notices, each in the form attached hereto,to each school district, county or city, as applicable, which levied or certified for levy a property tax on any portion of the taxable property located within the proposed State Street Urban Renewal Area in the fiscal year beginning prior to the calendar year in which the Plan was submitted to the City Council for approval: 1) NOTICE OF A CONSULTATION TO BE HELD BETWEEN THE CITY OF RIVERDALE, STATE OF IOWA, AND ALL AFFECTED TAXING ENTITIES CONCERNING THE PROPOSED AMENDMENT NO. 1 TO THE URBAN RENEWAL PLAN FOR THE CITY OF RIVERDALE, STATE OF IOWA; AND 2) NOTICE OF PUBLIC HEARING TO CONSIDER APPROVAL OF A PROPOSED AMENDMENT NO. 1 TO THE URBAN RENEWAL PLAN FOR A PROPOSED URBAN RENEWAL AREA IN THE CITY OF RIVERDALE, STATE OF IOWA. 3) RESOLUTION SETTING DATES FOR CONSULTATION AND PUBLIC HEARING WITH AMENDMENT ATTACHED AS EXHIBIT 1. The affected taxing entities and their mailing addresses are as follows: Pleasant Valley Community School Board of Supervisors of Scott County District Scott County Iowa Pleasant Valley Community District Board of Supervisors of Scott County CIO President Or C/O County Auditor Secretary of the Board of Directors 600 W.4th Street 604 Belmont Road Davenport,Iowa 52801 Bettendorf, Iowa 52722 Note: Community College is not an "affected taxing entity" as of 7/1/2012. Note: The City has confirmed that the above school(s) and county(ies)are the only entities within the entire urban renewal area. If this is not correct, the notices and resolution must be sent to all schools and counties within the entire urban renewal area. Scott County Planning&Development Attn: Tim Huey, Director 600 W.4th Street Davenport,Iowa 52801 WITNESS my hand and the seal of the City at Riverdale, Iowa, this 27th day of February, 2018. ti City Clerk, City of Riverdale, State of Iowa (S$A1)• • i # C ti.r ' °,,_ r,.•,,' Attach copies of the items listed above, that were mailed - to this Certificate and send the Certificate and attachments to Ahlers & Cooney, P.C. 01450617-1\22647-007 1 ( U.S. Postal Service- D - N.ENDER: COMPLETE THIS SECTION COMPLETE THIS SECTION ON DELIVERY Er m DomesTItic Ma Oinly MAIL' RECEIPT ■ Complete items 1,2,and 3. I' A Sigma w. For delivery information,visit our website at wwusps.COM . ■ Print your name and address on the reverse I'''' so that we can return the card to you. `._� ,// CS' i BEOT NFRF iA 0712/� L S E ■ Attach this card to the back of the mailpiece, = - by -Hired Name) f C. 'al f�r1 as 77 Ci ti U =iVed C,, Certified Mail fee _ or on the front if space permits. 3'J.45 �; { Article Addressed to: Al/ ic ♦ ,.� • , : es• ees Thera,b.,sod is* - 1 D. Is delivery a.;;;•,--- different from em 1? C I ❑Ri°`"Rc pt tTMeocoovl 3 $0.40 easant Valley Community District If YES,enter delivery address below: lei - q'0�P`le1er"SO^�' $s Pcetreftt D c:dne o Mew ne.a cterd r s "fir+ C/O President Or o i C3+•ultsignet..Rw,,.m $ 'cretary of theBoard of Directors O"°ttl`�0"�^ CgODM"'"s SU.1-11-1 rQ r� ;Postage r, , _ 4 Belmont Read s Et?,92 „, — 2 _ n.j W _ , Ittendorf,iowa 52722 n7 TOPostage and Feed " f12711'ri'7-0I 8 ?Pleasant Val unity District I�11�111III1�I�111III 3. Service Type ❑Adult Signature �D Priority M�r, C/O President Or ❑Registerec - 9590 9403 0770 5196 8974 88 ultSignature Restricted Delivery ElRegisterec ;`Secretary of the Board of Directors ':, _ 'fled Male Delivery • Certified Mail Restricted Delivery ❑Return Rel '604 Belmont Road Article Numtwr n-nncrr fin.,,„.....,.,__e....,-.1 ❑Collect on Delivery Merchandi !--!^-"----- "" '' ^al very RestictedDelver 0 Signature �Bettendorf, Iowa 52722 ^rrP' - "_Q SlOnatllfe r:nntln II SENDER: COMPLETE THIS SECTION COMPLETE THIS SECTIO • Complete items 1,2,and 3. A. SiU.S. Postal Service'" I Print your name and address on the reverse s CERTIFIED MAIL® RECEIPT so that we can return the card to you. X m ■ Attach this card to the back of the mailpiece, o Domestic Mail Only . - A lel o s.�: • oronthe if space of 8' "Dve•by . For delivery information,visit our website at a✓1„v.rsps.c�.^r . per 1• Article Addressed to: ek ii .. c Ft l A Lam__ E . I Scott County Planning &Development }.. RIs de entery delivery 0 Certified mail Fee b:, t w If YES,enter delivery adde m Attn: Tim Huey, Director s ��, (:2 Exca Services 6 Fees,cnece&wawa Tee A.era+onl« 600 W.4th Street Li Naafi Trot dlydooP,l f ii r•,(iCi r , _�-- a , .t p AlleoPt $ E;!.Cu! Davenport, Iowa 52801 o oaa rwew■er.amiodDavi r ° 00 0 OAdl�st"flrweflo red s E0. 0...xt Signe RielftwOsier,s iU.ElU II11'I■11I1II IIIII II III IIII i I'I'I ut I 3. Service Type iI”'P era.C2 III III ❑Adult Signature flJ Total Postspe and Fa" J 01./15/2013 9590 9403 0770 5196 8974 95 1pa'ulfied Ma,ture Restricted Delivery s $7.12 fled Mail Restricted Delivery 'II Scott County Planning & Development . Article N1lnlhar 177...- ,,,,.sr..,,. ❑Collect on Delivery D 3 Attn: Tim Huey, Director 7016 2710 0000 3208 4003 eryRestncted°ellve r` .._ _.__._ _ r 600 W.4`t'Street Davenport, Iowa 52801 ENDER: COMPLETE THIS SECTION COMPLETE THIS SECTION • ' Form 3800,April 2015 PSr+253o•02-000-eoa7 See Reverse for Instructions I Complete items 1,2,and 3. A Si ature U.S. Postal Service- A. Print your name and address on the reverse CERTIFIED MAIL` RECEIPT X3 ,ro Q cO Domestic Mail Only so that we can return the card to you. B ed erne) < Q- ■ Attach this card to the back of the mailpiec , i f G For delivery information.visit our website at witty usps.corn or on the front if space permits. DAF OPT C'i VI /\ USE�+ 1. Article Addressed to: D. Is delivery address different from item o0 I " T✓ M LJ �7 -+ If YES,enter delivery address below Certified M■� icott County Iowa m s E� 037{ 3oard of Supervisors of Scott County �F no..s�•�u Lr2S�sn QQ C/O County Auditor o ❑ r+Receipt lrr+a $ i,1-j; 500 W.4th Street ❑c.tln.d MiR r Ted 046.7 f 000 . .10,A .-k + Mr Davenport, Iowa 52801 o C7 *Signature t o.w�„s 11 ft 1' i • ❑PI l'A Postage -=-=-n % ., 111111111 1111111111 1111111111111111111111 3. Service Type ❑ �. It Signature ❑R fv' $ i •. ignature Restricted Delivery ❑0 MI !Total Postage and iD2111r 01 g 9590 9403 0770 5196 8962 83 � ed Mail® sScott Count `lOwa � Red Mail Restricted Delivery ❑N.0 ❑ r�Collect on Delivery o s `Board of Supervisors of Scott County 2 Arrlrle m'''''"-.•lr ._ - - • . ^n tDetivery Restricted Delivery ❑c .0 C/O CountyAuditor 7 016 2 710 0 0 0 0 3 2 0 8 4 9 8 0 1I Restricted Delivery t over 85110) 't 600 W.4th Street PS Form 3811,April 2015 PSN 7530-02-000-9053 Don' ri Da =rt, Iowa 52801 .r lnslructIons BOARD OF SUPERVISORS 600 West Fourth Street Davenport, Iowa 52801-1030 PO RECEIVED ScottCOunty Office: (563)326-8749 /J E-Mail: board@scottcountyiowa.com I FR 3-13 „?t, TONY KNOBBE, Chairman KEN BECK,Vice-Chair CAROL EARNHARDT DIANE HOLST BRINSON L. KINZER March 8, 2018 Mayor Michael Bawden Riverdale City Council Members Riverdale City Hall 110 Manor Drive Riverdale, IA 52722 RE: City of Riverdale's proposed amendment of the State Street Urban Renewal Area Plan Dear Mayor Bawden and Council Members: Thank you for the opportunity to comment on the proposed amendment of the State Street Urban Renewal Area Plan by the City of Riverdale. It is the Board of Supervisor's understanding from the information provided, that the City proposes to offer Arconic up to$3.5M of Tax Increment Financed rebate as an economic development incentive for the proposed expansion and upgrade to Arconic's manufacturing facilities. The Plan amendment also includes a proposal to use $350K in TIF revenue to provide the required local match for a State RISE grant for the reconstruction of South Bellingham Road adjacent to the Arconic plant and also to cover the administrative costs associated with this plan amendment. The Board supports the use of Tax Increment Financing when it is used as an economic development incentive for a valued significant business, such as Arconic, that is retaining and adding primary jobs and other improvements that strengthen the local and regional economy. The Board does not support the use of TIF for funding municipal infrastructure improvements, such as the local match for the State RISE grant. Rather such a match should only come from city revenue sources and not the County levy generated portion of a TIF fund. The Board also opposes the use of TIF to reimburse City's for administrative and legal fees associated with TIF plans. The objections and concerns the Board stated in its letter to the City of Riverdale dated November 4, 2014 remain as stated in that letter. The Board of Supervisors recommends that all tax increment financing projects be for the minimum dollar amount to make the industrial project feasible and also be of the shortest possible duration. The Scott County Board of Supervisors wants to continue the spirit of cooperation with the City of Riverdale on economic development projects and we look forward to working with you in the future. Sin y, ny K. •bbe, Chairman Scott County Board of Supervisors cc: Scott County Board of Supervisors Mahesh Sharma, Scott County Administrator Tim Long, Riverdale City Administrator BOARD OF SUPERVISORS 600 West Fourth Street iiimemonassimeaslarlip Davenport, Iowa 52801-1030 Office: (563) 326-8749 Scott County Fax: (563)328-3285 E-Mail: boards scottcountviowa.com �f LARRY MINARD, Chair JIM HANCOCK,Vice-Chair WILLIAM P. CUSACK CAROL T. EARNHARDT TOM SUNDERBRUCH November 4, 2014 Mayor Sonya Paddock Riverdale City Council Members Riverdale City Hall 110 Manor Drive Riverdale, IA 52722 RE: City of Riverdale's proposed creation of a State Street Urban Renewal Area Dear Mayor Paddock and Council Members: Thank you for the opportunity to comment on the proposed creation of a State Street Urban Renewal Area within the City of Riverdale. It is the Board of Supervisor's understanding, from the map and other information provided, that the City intends to include the entire ALCOA plant property, in addition to some other areas south and north of State Street/US Hwy 67 adjacent to the ALCOA property in this proposed URA. The Board has a number of concerns and questions about this proposal. First, the Board would note that when ALOCA was proposing the recent expansion of their operation, ALCOA qualified for some State of Iowa funding incentives that required a local match. When the City of Riverdale was not able to finance that match, the local match was met by the Scott County Board of Supervisors through a combination of Bi-State Revolving Loan funds and a County loan from the County General Fund. The ALOCA expansion was then able to be completed. Second, the Board notes that as the 5th largest property taxpayer in Scott County, ALCOA's impact on County tax revenue's is significant. The Board of Supervisors would oppose any project funded by taxes generated from the County's levy through the use of tax increment financing which would strictly benefit the City of Riverdale. The creation of this URA allows for the future creation of TIF districts and the diversion of County revenues. This diversion disproportionately burdens all other County tax payers in order to maintain County services in light of such lost revenue. Finally the Board has concerns that this proposed Urban Renewal Plan could negatively impact the City's finances and future ability to meet its budgetary commitments. The TIF revenue that is generated within this Urban Renewal Area is also attributable to the City's levy and will not be available to the City for its General Fund and if used for projects within the State Street URA Plan would increase the financial burden on existing homes and businesses within the City. In response to our Opportunity to Consult the Board would have the following questions: 1. Would the City of Riverdale be willing to limit the amount of TIF revenue taken for projects to 50% of that generated? This would allow the County (and the School District) to receive some of the revenues generated from the taxable improvements in this proposed area. 2. When does the City propose to create a tax increment financing district within this Urban Renewal Area and how much debt will be asked to be certified with that initial project? 3. How long is the City proposing to keep this Urban Renewal Area in place? 4. Has the City considered how the limited extent of its bonding capacity limits the size and scope of the projects that can been done with tax increment financing? 5. Has the City considered if it will have the capacity to bond for an industrial economic development project that may come in the future if this plan is implemented? 6. Has ALCOA expressed any concerns or objections to this proposal and has ALCOA requested any of the proposed projects?And finally; 7. Has the City considered the possibility that through a re-assessment of property values the base of this Urban Renewal Area could result in a negative increment with no revenue being generated? While the Board of Supervisors recognizes the City of Riverdale has no legal obligation to comply with our request, we hope in the spirit of intergovernmental cooperation the City Council would seriously consider this request. Sincerely, Larry Minard, Chairman Scott County Board of Supervisors cc: Scott County Board of Supervisors Dee F. Bruemmer, Scott County Administrator Pleasant Valley Community School District Board Dr. James Spelhaug, Superintendent PVCSD Quad City Times North Scott Press CERTIFICATE OF PUBLISHER'S AFFIDAVIT OF PUBLICATION STATE OF IOWA ) ) SS COUNTY OF SCOTT ) I, the undersigned, do hereby certify that I am now and was at the times hereinafter mentioned, the duly qualified and acting Clerk of the City of Riverdale, in the County of Scott, State of Iowa, and that as such Clerk and by full authority from the Council of the City, I have caused a NOTICE OF PUBLIC HEARING which the clipping annexed to the publisher's affidavit hereto attached is in words and figures a correct and complete copy, to be published as required by law in the Quad City Times, a legal newspaper published at least once weekly, printed wholly in the English language,published regularly and mailed through the post office of current entry for more than two years and which has had for more than two years a bona fide paid circulation recognized by the postal laws of the United States, and has a general circulation in the City, and that the Notice was published in all of the issues thereof published and circulated on the following date: February 26, 2018. WITNESS my official signature this 15th day of March, 2018. r0 ,7 City Clerk, City of Riverdale, State of Iowa ., (SEAL) 01450944-2„\22647-007 COPY OF NOTICE EXHIBIT "A" AFFIDAVIT OF PUBLICATION STATE OF IOWA SCOTT COUNTY, } ss. The undersigned,being first duly sworn,on oath does say that he/she is an authorized employee of THE QUAD-CITY TIMES,morning edition,a daily newspaper printed and published by Lee Enterprises,Incorporated,in the City of Davenport,Scott County,Iowa,and that a notice,a printed copy of which is hereto annexed as Exhibit"A"and made a part of this affidavit,was published in said THE QUAD-CITY TIMES,on the fol1 owing dates: a 3,140 The affiant further deposes and says that all of the cts set forth in the foregoing affidavit are true as he/she verily believes. A 0 4 Subscribed and sworn to before me by said affiant this j day of t:LAOMPLI /1...�$ r,,al4.4 a�, STEPHEN H.TH R •� t/ „Q 1 Commission Number 168839 My Commission Expires No . 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