HomeMy WebLinkAbout2007-09-13 Info Packet
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CITY OF IOWA CITY
www.icgov.org
I SEPTEMBER 15 WORK SESSION
IP1 Council Meetings and Work Session Agenda
CITY COUNCIL INFORMATION PACKET
September 13, 2007
IP2 Memorandum from the City Clerk: Agenda for Saturday interviews
I SEPTEMBER 17 WORK SESSION
IP3 Memorandum from the Director of Planning and Community Development:
Consideration of Congressionally Designated Funding (CDF) projects
IP4 Memorandum from the Director of Parking and Transit and the Transit Manager: Local
Formula for Allocating Federal Transit Operating Assistance
IP5 Press Release: Police Investigations into Attacks on IC Women Continue [submitted by
Interim City Manager Dale Helling]
IP6 Memorandum from the City Clerk: Review of Police Citizens Review Board
I MISCELLANEOUS
IP7 Memorandum from the Director of Parking and Transit and the Transit Manager:
Transit Service - Summer of the Arts
IP8 Agenda Packet: Economic Development Committee September 13, 2007
IP9 Invitation: Roosevelt Institution panel discussion regarding the 21 ordinance -
September 13, 2007
Invitation: C-SPAN Book TV: Open house and tours at Iowa Memorial Union
[Distributed at 9/17 Work Session]
I DRAFT MINUTES
IP10 Board of Adjustment: August 8,2007
IP11 Parks and Recreation Commission: August 8,2007
IP12 . Public Art Advisory Committee: September 6,2007
IP13 Airport Commission: September 5,2007
IP14 Animal Care Task Force: August 23,2007
IP15 Economic Development Committee: July 24, 2007
IP16 Police Citizens Review Board: September 11,2007
September 13,2007 Information Packet (continued)
2
IP17 Planning and Zoning Commission: August 16, 2007
IP18 Youth Advisory Commission: August 22,2007
COUNCIL CANDIDATE REQUESTED MATERIALS
Memo from Budget Analyst: Property Tax Impact
COUNCIL CANDIDATE WORKSHOP MATERIALS distributed 9/13
Memorandum from City Clerk: Information Available on Website
Budget Information
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CITY OF IOWA CITY
www.icgov.org
CITY COUNCIL INFORMATION PACKET
SEPTEMBER 15 WORK SESSION
IP1 Council eetings and Work Session Agenda
IP2 from the City Clerk: Agenda for Saturday interviews
SEPTEMBER 17 WORK SESSION
September 13,2007
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IP3 Memorandum fro the Director of Planning and Comm ity Development:
Consideration of Co ressionally Designated Funding (CDF) proje s
IP4 Memorandum from the irector of Parking and Transit and the
Formula for Allocating Fe eral Transit Operating Assistance
Local
IP5 Press Release: Police Inves "gations into Attacks on IC Wo en Continue [submitted by
Interim City Manager Dale Helli ]
IP6 Memorandum from the City Clerk:
IP7 Memorandum from the Director of
Transit Service - Summer of the Arts
Transit and the Transit Manager:
IP8 Agenda Packet: Economic Development C
ittee September 13,2007
IP9 Invitation: Roosevelt
September 13, 2007
ussion regarding the 21 ordinance -
IP10 Board of Adjustment: August 8,
IP11 Parks and Recreation Commi ion: August 8,2007
IP12 Public Art Advisory Commi ee: September 6, 2007
IP13 Airport Commission: S tember 5,:2()07
IP14 Animal Care Task Fee: August 23, 2007
IP15 Economic Devel ment Committee: July 24, 2007
IP16 Police Citizens Review Board: September 11,2007
IP17 Planning and Zoning Commission: August 16, 2007
IP18 Youth Advisory Commission: August 22,2007
Se tember 13, 007 Information Packet continued
CIL CANDIDATE REQUESTED
Memo from Budget A Iyst: Property Tax Impact
2
TERIALS
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CITY OF IOWA CITY
City Council Meeting Schedule and
Work Session Agendas
I Oip3107 I
September 13, 2007
www.icgov.org
. SATURDAY, SEPTEMBER 15
8:00a Special Council Work Session
-Interviews with firms
Emma J. Harvat Hall
. MONDAY, SEPTEMBER 17 Emma J. Harvat Hall
6:30p Council Work Session
. Planning and Zoning Items "c, d, e, f"
· Council Appointments
. MidAmerican Franchise -Ivan Webber [reference agenda item 3d 1&2]
. CDF (Congressionally Designated Funding) Project Priorities
· Transit Funding Formulas
. Building Code Changes [reference agenda items 7-11]
. Smoking Regulation Local Control Resolution [reference agenda item 18]
. UISG Women's Safety Forum - Abbie Volland
. Police Citizens Review Board - 2 year Review - Ballot issue
· Agenda Items
· Council Time
. Schedule of Pending Discussion Items
. TUESDAY, SEPTEMBER 18
7:00p Formal Council Meeting
Emma J. Harvat Hall
TENTATIVE FUTURE MEETINGS AND AGENDAS I
. MONDAY, OCTOBER 1 Emma J. Harvat Hall
6:30p Council Work Session
. TUESDAY, OCTOBER 2
7:00p Formal Council Meeting
Emma J. Harvat Hall
. MONDAY, OCTOBER 15
6:30p Council Work Session
Emma J. Harvat Hall
. TUESDAY,OCTOBER16
7:00p Formal Council Meeting
Emma J. Harvat Hall
. MONDAY, NOVEMBER 5
TBA Council Work Session
7:00p Special Formal Council Meeting
Emma J. Harvat Hall
. MONDAY, NOVEMBER 12
Veterans' Day - Offices closed
. THURSDAY, NOVEMBER 22
Thanksgiving Day - Offices closed
. FRIDAY, NOVEMBER 23
Thanksgiving Day Holiday - Offices closed
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CITY OF IOWA CITY~
MEMORANDUM
DATE:
TO:
FROM:
RE:
September 13, 2007
Mayor and City Council \J R
Marian K. Karr, City Clerk ~\"
Agenda for Saturday interviews
. Interviews have been set with the four executive search firms for this Saturday,
September l5t\ as follows:
8AM Waters-Oldani Executive Recruitment
9AM Slavin Management Consultants, Inc.
lOAM Bennett Yarger Associates
llAM The PAR Group - Paul A. Reaume Ltd.
Immediately after the final interview, Council will begin discussions to select a firm and
direct staff to begin negotiating the contract for Council approval.
A light breakfast and box lunch will be provided.
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CITY OF IOWA CITyr~-~:;, I
MEMORANDUM
Date: September 11, 2007
To:
City Council
7-11
From:
Jeff Davidson, Director of Planning and Community Development
Re: September 17, 2007 work session: Consideration of Congressionally Designated
Funding (CDF) projects
We have been contacted jointly by the Cedar Rapids and Iowa City Chambers of Commerce
about submitting projects for Congressional Designated Funding (CDF). There is a delegation of
corridor representatives which travels to Washington D.C. each winter to lobby Senators
Grassley and Harkin and Representative Loebsack to have CDF projects introduced into the
annual federal budget. There is lobbying which goes on jointly by the corridor delegation as well
as lobbying by individual entities. The corridor delegation also prioritizes the projects.
I have prepared a list of candidate CDF projects for your consideration on the 1 tho These are
projects which I believe lend themselves to CDF funding. You should plan to prioritize your top
two or three projects at the September 17 meeting.
The list is the same as last year, with two exceptions: the Iowa River Corridor Trail bridge at the
Butler Bridge has been deleted from consideration because this project is being funded through
JCCOG. The two pedestrian bridges over 1-80 at Dubuque Street and Dodge Street have been
added for consideration. The Iowa Department of Transportation has indicated to us that it is
unlikely these projects can be funded as part of the ongoing 1-80 improvements, but they can be
incorporated into the 1-80 project if outside funding is received. What is shown is total estimated
project expense. CDF funds may be used to fund up to 80% of total project expense.
Bring any questions or comments to the meeting on the 1 tho
cc: Dale Helling
Rick Fosse
Ron Knoche
John Yapp
ppddir/mem/CDF-proj9-1 a.doc
CANDIDATE PROJECTS'
For Congressionally Designated Funding
* Dollar amounts shown
are estimated project costs.
September 07
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MEMORANDU
From:
September 12, 2007
Iowa City City Council
Joe Fowler, Director, Parking and Transit -:::J~
Ron Logsden, Transit Manager RL
Local Formula For Allocating Federal Transit Operating Assistance
Date:
To:
Re:
Each year the federal transit operating assistance that comes to the Iowa City Metro Area is
split between Iowa City Transit, Coralville Transit and the University of Iowa Cambus using a
local formula through JCCOG. Last year Cambus approached the JCCOG Technical Advisory
Committee and Policy Board regarding changing the local formula. Cambus was the only one
who voted in favor of changing the formula at the Technical Advisory level, but it was very close
in the Policy Board vote. Cambus is approaching the JCCOG Policy Board and Technical
Advisory Committee again regarding changing the local formula and we wanted to provide some
background information for you to consider when evaluating the proposed change.
To our knowledge, Cambus is still the only university run transit system in the nation that is not
connected to a municipality to have access to Federal Section 5307 Operating Assistance.
Federal Section 5307 Operating Assistance is allocated according to population and population
density. In the eyes of the federal government, municipalities have population and universities
do not and that is the reason that university run transit systems do not generally receive federal
operating assistance. The decision to include Cambus in our local formula was made years ago
and the current formula has been in place since 1989. The operating funds help, however the
biggest benefit Cambus derives from being included in our federal operating assistance is that it
allows them to be eligible for federal capital assistance to pay for 83% of the cost of their buses
and 80% of their facilities and other capital needs. The local formula for splitting up the local
operating assistance was intentionally weighted to benefit the two municipal systems, Iowa City
Transit and Coralville Transit, for a number of reasons.
Cambus has much lower operating cost than the two municipal systems because they are a
student run system and utilize all student part-time employees and do not pay benefits to their
drivers. The two municipal systems employees are both represented by The American
Federation of State County and Municipal Employees and earn a living wage and benefit
package. This operating cost disparity is evident in the FY2006 cost per revenue hour: Cambus
$39.14/hr, Iowa City Transit $72.42/hr and Coralville Transit $75.89/hr. There are also costs
associated with charging a fare. Not only do you have to purchase and maintain the farebox
equipment, get passes printed and count the revenue daily, charging a fare slows down the
boarding process for passengers when boarding the bus, which means that a bus can not cover
as large of an area with a route which decreases the revenue miles for the system which is
another category in the formula. If Cambus charged a fare then their current 30 minute routes
would have to be extended to 45 minutes which would decrease their revenue miles unless they
added more buses and more revenue hours of service. Although Cambus is open to the
general public, they predominantly only service university facilities and parking lots which is
much narrower in scope than the municipal systems. This narrow scope is even more evident
when you look at their paratransit service.
September 12, 2007
Page 2
In the period FY04 to FY06 Iowa City Transit had a 9% increase in ridership, Coralville Transit
had a 14% increase in ridership and Cambus had a 1% loss in ridership.
Cambus has added a significant amount of additional bus service over the past 15 years to
serve the faculty/staff and student outlying parking lots and they also took over the bus service
that was previously provided by Iowa City Transit to the Hawkeye Apartments. In an effort to
avoid having to build additional parking structures and surface lots the University of Iowa
Parking Division also cooperates with Iowa City Transit and Coralville Transit in a bus pass
program in which we sell semester student and annual faculty/staff passes to them at a reduced
rate ($16/month students, $23/month faculty/staff) and they in turn sell them to students at that
same rate or reduce them to $10.00 a month if the individual does not have a parking permit.
This program is good for both Iowa City Transit and the University of Iowa Parking Division
since although many of the users of this program were existing bus riders, there have been new
riders due to the program and the University Parking Division avoids the need for adding
addition parking facilities which would be much more expensive to build, staff and maintain than
the subsidy they provide for those pass holders who do not have a parking permit even if you
take into account any revenue generated from selling the permits.
When we did the last route study to determine where the additional Transit Intensive
Communities (TIC) funds would be spent, we invited the University Parking and Transit
Department to participate in the planning and used the demographics of the University of Iowa
Faculty/Staff and Students to determine where the route expansions would be. We feel that the
University did benefit from the TIC funds we received since the new routes provide bus service
to additional university employees and students which in turn reduces their need to provide
additional parking on campus.
It is our feeling that the current formula is equitable since it takes into account the differing
operating costs and should be maintained. Our budget and service expansions were based on
the current formula being maintained. The new formula that Cambus is proposing would mean
a loss of $75,314 for Iowa City Transit and would eliminate most of the local match for the Job
Access Work Commute Grant we just received to expand the Manville Heights and North Dodge
routes and to run a subsidized cab program for work related trips after Iowa City Transit stops
running Monday - Saturday and all day on Sundays.
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City ofIowa City, Iowa - Official Web Site
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News
Good Afternoon!
Wednesday, Sept. 12, 2007
410 East Washington Street, Iowa City, iA 52240 Ph: (319) 356.5000
News Releases
POLICE INVESTIGATIONS INTO ATTACKS
ON IC WOMEN CONTINUE
Tuesday, September 11, 2007 - 11:07:00 AM
Originating Department: Police
Contact Person: Sgt. Troy Kelsay
Contact Number: 319-356-5293
The Iowa City Police Department continues to investigate on-going incidents of sexual
assaults, attempted sexual assaults, and forcible fond lings. The investigations have
identified some common denominators. Isolated females walking alone at night is
clearly the most obvious common factor.
DO NOT WALK ALONE AT NIGHT.
Other, less universal trends have also been identified. In several forcible fondling
incidents a similar suspect description and method has been identified:
. A white male, 5'-08" to 5'-09",160-170 pounds;
. Twenty to 25 years of age;
. Dark hair;
. Does not speak to the victim;
. Attacks occur between 9pm and 2:30am;
. Attacker has fled when the victim yells and/or offers resistance;
. No weapons were displayed.
Not all of the attacks fit this pattern. In some of the attacks, the victim has been
knocked to the ground. Sometimes the victim's clothing has been pulled aside or
removed, and in some attacks the suspect has more violently assaulted the victim.
Different suspect descriptions have been developed in some incidents. The Iowa City
Police Department has released suspect composite sketches in several incidents.
These can still be found on the Iowa City news page -
http://www.icgov.org/news.asp .
More information and safety tips can be found in an article on the Iowa City Police
Department webpage - http://www.icgov.org/police/headlines.asp?ID=58 .
The Police Department's investigation has been made more difficult by the sporadic
nature of these assaults. The Police Department continues to dedicate Patrol and
Investigations officers to prevent further attacks and to identify suspects responsible
for past attacks. The department will continue to use various techniques to address
this threat to the community. Other local law enforcement agencies - the University of
Iowa Police Department, the Coralville Police Department, and the Johnson County
Sheriffs Office - have provided assistance and officers to supplement the Iowa City
http://www .icgov. org/news. asp ?ID= 5 63 2
City Resources
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(ICGOV2U)
9/12/2007
City oflowa City, Iowa - Official Web Site
Police Department's efforts.
The prevention and resolution of these criminal acts is a priority for the Iowa City
Police Department. To that end, we ask for timely reports of such incidents and of any
suspicious persons. Be attentive to your surroundings. If you feel at all threatened or
uncomfortable by the actions of another, immediately call the Iowa City Police
Department - 356-5276 or 911 (as appropriate) - to report the suspicious
activity/person. If you witness or interrupt an attack, fondling, or an apparent stalking
of a victim, immediately report the information to the police. Be prepared to provide
any or all of the following information: suspect description, suspect's location or
direction of travel, exact location of the event, suspect vehicle information, etc. A
community effort is needed to prevent further attacks and hold those responsible
accountable.
-fJ.. eftv.' <-
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Page 2 of2
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Contact Website Manager Web Policies
Email and other communication sent to the City of Iowa City are subject to the Iowa open records law.
http://www . icgov. org/news.asp ?ID= 5632
9/12/2007
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Date:
To:
From:
Re:
Nt EYMOci RAI\tD U M1 O~~671
September 6, 2007
Mayor and City Council
Marian K. Karr, City Clerk ~\~
Review of Police Citizens Review Board
In July of 2001 the City Council initiated a Council review of the Police Citizens Review Board
by including the following language in Ordinance 01-3976:
"On or before August 1, 2003, and every two (2) years thereafter the city council shall
evaluate the effectiveness of the board in light of goals and principals set forth in section
8-8-2 of this chapter."
A copy of City Code Section 8-8-2 is attached, along with Board's Annual Reports for the last
two years.
8-8-2: INTENT, GOALS AND GUIDING PRINCIPLES:
8-8-2: INTENT, GOALS AND GUIDING PRINCIPLES:
Page 1 of2
A.lnvestigations into claims of inappropriate conduct by sworn police officers will be conducted
in a manner which is fair, thorough, and accurate.
B.An annual reporting system regarding complaints against sworn police officers will be
established to give the city council sufficient information to assess the overall performance
of the Iowa City police department in these matters.
C.Citizens may make a formal written complaint to either the board or the Iowa City police
department. In accordance with this chapter the board shall process only those complaints
filed with the board but will receive reports from the police chief briefly describing the nature
of the allegations made in formal written complaints filed with the police department and the
disposition of the same.
D.The board will:
1. Oversee a monitoring system for tracking receipt of formal complaints lodged against
sworn police officers with either the board or the Iowa City police department.
2. Provide oversight of police investigations through review of such investigations.
3. Provide the opportunity for a hearing to the police officer if the board's findings on the
complaint to the board are critical of the police officer, as required by constitutional law, and
give the police officer the opportunity to present testimony and evidence.
4. Issue a final public report to the city council on each complaint to the board which sets
forth factual findings and a written conclusion which explains why and the extent to which
the complaint is either "sustained" or "not sustained".
E.The board shall have no authority over police disciplinary matters because only the police
chief or city manager may impose discipline under Iowa law.
F.No findings in the board's report shall be used in any other legal proceeding.
G.The board shall only review the conduct of sworn police officers and shall only act in a civil,
not criminal, capacity. The board is not intended to be a court of law, a tort claim process or
other litigation process. No action of the board shall be deemed to diminish or limit the right
of any person to file a claim or a lawsuit against the city.
H.A complaint to the board may be filed by any person with personal knowledge of an incident.
"Personal knowledge" means the complainant was directly involved in the incident or
witnessed the incident. If the person with personal knowledge is underage or otherwise
unable to complete a complaint form, the complaint may be filed by such person's
designated representative. The city manager, the police chief, the city council, or the board
may file a complaint to the board based upon a reasonable belief that police misconduct
has occurred regardless of personal knowledge.
I.In order to assure that people feel confident in the complaint process, non police city staff
shall be available at a public location other than the police department to receive
complaints, although complaints may also be filed at the police department. Formal
mediation shall be available to the complainant(s) and the police officer(s) at any time
http://66.113.195.234/IAlIowa%20CityI11008000000002000.htm
9/4/2007
8-8-2: INTENT, GOALS AND GUIDING PRINCIPLES:
Page 2 of2
during the process.
J.The board shall not interfere with or diminish the legal rights of sworn police officers,
including those rights protected under the union contract, civil service commission, and
state and federal law. Similarly, the board shall respect the rights of privacy and freedom
from defamation shared by complainants and witnesses, as well as those same rights
enjoyed by police officers under the law.
K.The city council finds that internal accountability within the police department is a valid
legislative purpose, and one method of accomplishing such internal accountability is to
have the police do their own investigations into claims of inappropriate police conduct. If a
complaint is asserted against the police chief, the city manager will investigate the claim
and report to the board and the city council.
L.lnvestigation of all formal complaints to the board is a mandatory duty of the police chief, and
a report of each complaint investigation shall be given to the board. Such reports to the
board shall include the factual findings of the police chief as well as a written conclusion
explaining why and the extent to which a complaint is either "sustained" or "not sustained".
However, such reports shall not include discipline or other personnel matters. If the police
chief and the city manager find the police officer's actions constitute misconduct and
discipline is imposed by the police chief or city manager, the internal affairs investigation
may become a public record to be released by the city attorney to the extent provided by
law.
M.ln order to assure external accountability of the actions of the police department, the police
chief shall provide the board with a report at least quarterly of all formal complaints filed
directly with the police department, which report shall state the date and location of the
incident and a brief description of the nature of the allegation and the disposition of the
complaint.
N.External accountability will further be provided by the board's maintenance of a central
registry of all formal complaints. In addition to the central registry, the board shall provide
an annual report to the city council, which report shall be public and shall set forth the
general types and numbers of complaints, how they were resolved, demographic
information, and recommendations as to how the police department may improve its
community relations or be more responsive to community needs.
O.The board shall review police practices, procedures, and written policies as those practices
and procedures relate to the police department's performance as a whole, and shall report
their recommendations, if any, to the city council, city manager and police chief. (Ord. 01-
3976, 7-10-2001)
http://66.113.195.234/IAlIowa%20City/ll008000000002000.htm
9/4/2007
POLICE CITIZENS REVIEW BOARD
GENERAL RESPONSIBILITIES
Established in 1997, by ordinance #97-3792, the Iowa City Police Citizens Review Board (PCRB)
consists of five members appointed by the City Council. The PCRB has its own legal counsel.
The Board was established to assure that investigations into claims of police misconduct are
conducted in a manner that is fair, thorough, and accurate, and to assist the Police Chief, the City
Manager, and the City Council in evaluating the overall performance of the Police Department by
reviewing the Police Department's investigations into complaints. The Board is also required to
maintain a central registry of complaints and to provide an annual report setting forth the numbers,
types, and disposition of complaints of police misconduct. It may recommend that the City Council
hold public forums and/or hearings designed to encourage citizens to provide information,
recommendations, and opinions about police policies, procedures, and practices. To achieve these
purposes, the Board complies with Chapter 8 of the Iowa City Code and the Board's By-Laws and
Standard Operating Procedures and Guidelines.
ACTIVITIES AND ACCOMPLISHMENTS FOR FISCAL YEAR 2006
Meetings
The PCRB holds monthly meetings on the second Tuesday and special meetings as necessary.
During FY06 the Board held 9 meetings. Three meetings were cancelled due to lack of Board
business.
ICPD Policies/Procedures/Practices Reviewed By PCRB
The ICPD regularly provided the Board with monthly Use of Force Reports, Internal Investigation
Logs, Demographic Reports and various Training Bulletins. The Department also provided various
General Orders for the Board's review and comment. A senior member of the Police Department
routinely attended the open portion of the PCRB meetings, and is available for any questions Board
members have regarding these reports.
Presentations
None.
Board Members
Roger Williams' term ended in September and Michael Larson was appointed for a four-year term. In
October officers were nominated with Greg Roth as Chair and Candy Barnhill as Vice Chair.
COMPLAINTS
Number and Type of Allegations
Four complaints (05-03, 05-04, 06-01, 06-02) were filed during the fiscal year July 1, 2005 - June 30,
2006. Four public reports were completed during this fiscal period (05-02, 05-03, 05-04, 06-01). The
four completed public reports involved 6 allegations.
Allegations
Complaint #05-02
1. Aggressiveness and Improper Language.
PCRB Annual Report FY 2006 - (Approved June 12, 2006) - 2
Complaint #05-03
1. Improper Conduct.
2. Differential Treatment.
Complaint #05-04
1. Failure to properly investigate a complaint.
2. Using a condescending tone when speaking to complainant.
Complaint #06-01
1. Violation of 4th Amendment Right.
Level of Review
The Board decided, by simple majority vote, the level of review to give each report, selecting one or
more of the six levels specified in the City Code per complaint:
Levele
Levelf
On the record with no additional investigation
Interview or meet with complainant
Interview or meet with named officer
Request additional investigation by Chief or
City Manager, or request police assistance
in the Board's own investigation
Board performs its own additional investigation
Hire independent investigators
4
o
o
o
Level a
Levelb
Levelc
Leveld
o
o
Complaint Resolutions
The Police Department investigates complaints to the PCRB of misconduct by police officers. The
Police Chief summarizes the results of these investigations and indicates in a report (the Chief's
Report) to the PCRB whether allegations are sustained or not sustained. (If complaints are made
against the Chief, the City Manager conducts the investigation and prepares and submits the reports.)
The Board reviews both the citizens' complaint and the Chief's Report and decides whether the
allegations should be sustained or not sustained. The Board prepares a report which is submitted to
the City Council.
Of the 6 allegations listed in the four complaints for which the Board reported, none were sustained.
The Board made comments and/or recommendations for improvement in police policy, procedures, or
conduct in two of the reports:
Complaint #05-03
The Police Citizens Review Board considered ICPD General Order Number 00-05, "Off-Duty Conduct:
Powers of Arrest"; ICPD General Order Number 99-07, "Traffic"; and ICPD General Order 01-01, "Racial
Profiling" in coming to its conclusions.
Complaint #06-01
On Wednesday, February 1, 2006, Officer A charged the complainant with "Vehicle for Hire - Liability
Insurance." The PCRB complaint against Officer A was time stamped on Friday, February 3, 2006.
In his closing statement to investigators, the complainant stated he would make his complaint go
away if the charge against him was dropped.
Name-Clearing Hearings
The ordinance requires that the Board not issue a report critical of the conduct of a sworn officer until
after a name-clearing hearing has been held. During this fiscal period, the Board did not schedule any
name-clearing hearings.
PCRB Annual Report FY 2006 - (Approved June 12, 2006) - 3
Mediation
Officers and complainants are notified by mail that formal mediation is available to them at any stage
in the complaint process before the Board adopts its public report. All parties involved must consent to
a request for mediation. No mediations were convened this year.
Complaint Histories of Officers
City ordinance requires that the annual report of the PCRB must not include the names of
complainants or officers involved in unsustained complaints and must be in a form that protects the
confidentiality of information about all parties. Complaints were filed against four officers in the four
complaints covered by the FY06 annual report.
ICPD Internal Investigations Logs
The Board reviewed the quarterly ICPD Internal Investigations Log, provided by the Chief of Police.
COMPLAINT DEMOGRAPHICS
The following is demographic information from the four complaints that were filed in this fiscal year.
Because complainants provide this voluntarily, the demographic information is incomplete.
Category/Number of Complainants
Aqe:
Over 21
Unknown
3
1
National Oriqin:
US 1
Unknown 3
Gender Identitv:
Male 2
Unknown 2
Reliqion:
Unknown 4
Color:
African American
Unknown
1
3
Sexual Orientation:
Heterosexual 1
Unknown 3
Sex:
Male
Unknown
1
3
Marital Status:
Single 0
Married 1
Unknown 3
Mental Disabilitv:
Unknown 4
Phvsical Disabilitv:
Unknown 4
BOARD MEMBERS
Greg Roth, Chair
Candy Barnhill, Vice Chair
Loren Horton
Beth Engel
Roger Williams/Michael Larson
clerk/Annual Report 05-06.doc
POLICE CITIZENS REVIEW BOARD
GENERAL RESPONSIBILITIES
Established in 1997, by ordinance #97-3792, the Iowa City Police Citizens Review Board (PCRB)
consists of five members appointed by the City Council. The PCRB has its own legal counsel.
The Board was established to review investigations into claims of police misconduct, and to assist the
Police Chief, the City Manager, and the City Council in evaluating the overall performance of the
Police Department by reviewing the Police Department's investigations into complaints. The Board is
also required to maintain a central registry of complaints and to provide an annual report setting forth
the numbers, types, and disposition of complaints of police misconduct. It may recommend that the
City Council hold public forums and/or hearings designed to encourage citizens to provide
information, recommendations, and opinions about police policies, procedures. and practices. To
achieve these purposes, the Board complies with Chapter 8 of the Iowa City Code and the Board's
By-Laws and Standard Operating Procedures and Guidelines.
ACTIVITIES AND ACCOMPLISHMENTS FOR FISCAL YEAR 2007
Meetings
The PCRB holds monthly meetings on the second Tuesday and special meetings as necessary.
During FY07 the Board held thirteen meetings. Three meetings were cancelled due to lack of Board
business.
ICPD Policies/Procedures/Practices Reviewed By PCRB
The ICPD regularly provided the Board with monthly Use of Force Reports, Internal Investigation
Logs, Demographic Reports and various Training Bulletins. The Department also provided various
General Orders for the Board's review and comment. A senior member of the Police Department
routinely attended the open portion of the PCRB meetings, and is available for any questions Board
members have regarding these reports.
Presentations
None.
Board Members
There were no changes to the make-up of the Board during FY07. In October officers were
nominated with Michael Larson as Chair and Elizabeth Engel as Vice Chair.
COMPLAINTS
Number and Type of Allegations
Four complaints (06-03, 06-04, 06-05, 06-06) were filed during the fiscal year July 1, 2006 - June 30,
2007. Five public reports were completed during this fiscal period (06-02, 06-03, 06-04, 06-05, 06-
06). The five completed public reports involved 10 allegations.
Allegations
Complaint #06-02
1. Intimidation, Harassment, Threats.
2. Officers refused to allow prayer.
Complaint #06-03
PCRB Annual Report FY 2007 - (Approved 7/10/2007) - 2
1. Personal Conduct.
2. General Conduct on Duty.
Complaint #06-04
1. Inappropriate Behavior.
2. Wrongful Arrest.
Complaint #06-05
1. Unwarranted delay in accomplishing the ticketing and searching tasks.
2. Use of harsh tone of voice, of glaring at the Complainant, of using disrespectful language, of
insulting and degrading the Complainant, and showing prejudice.
Complaint #06-06
1. Retaliation.
2. Destruction of Property.
Level of Review
The Board decided, by simple majority vote, the level of review to give each report, selecting one or
more of the six levels specified in the City Code per complaint:
Levele
Levelf
On the record with no additional investigation
Interview or meet with complainant
Interview or meet with named officer
Request additional investigation by Chief or
City Manager, or request police assistance
in the Board's own investigation
Board performs its own additional investigation
Hire independent investigators
4
1
1
1
Level a
Levelb
Levelc
Leveld
1
o
Complaint Resolutions
The Police Department investigates complaints to the PCRB of misconduct by police officers. The
Police Chief summarizes the results of these investigations and indicates in a report (the Chief's
Report) to the PCRB whether allegations are sustained or not sustained. (If complaints are made
against the Chief, the City Manager conducts the investigation and prepares and submits the reports.)
The Board reviews both the citizens' complaint and the Chief's Report and decides whether its
conclusions about the allegations should be sustained or not sustained. The Board prepares a report
which is submitted to the City Council.
Of the 10 allegations listed in the five complaints for which the Board reported, none were sustained.
The Board made comments and/or recommendations for improvement in police policy, procedures, or
conduct in four of the reports:
Complaint #06-02
The Board feels that the investigative report compiled by the ICPD investigator(s) and the Chief's
Report is very comprehensive and thorough. The complainant refused to speak with investigators.
It is commented in multiple interview/supplemental reports from VA and UIHC staff that the ICPD
officers were very patient and respectful with the family while attempting to de-escalate the situation
without use of physical means or arrests. No one observed any ICPD officer do anything
disrespectful or inappropriate in action or speech while dealing with the family.
Complaint #06-03
PCRB Annual Report FY 2007 - (Approved 7/10/2007) - 3
The Board wishes that the Chief had addressed formally the allegations of handcuffing and alleged
arrest of a juvenile as listed by the complainant and as stated by the Chief in his cover letter and his
Report to the Board. The Report included investigation regarding these allegations but did not issue
Findings.
Handcuffing and Arrests of Juveniles: The Board recommends a review of OPS-19.1, Juvenile
Procedures, with emphasis on handcuffing of juveniles and arrests of juveniles.
In Car Recording Device Activation: The Board does not concur with the internal investigation
conclusion that no policy violation occurred when no officer activated an in car recording device.
OPS-12, In Car Recording Devices [effective 8/4/1999], section IV, states, "In addition to traffic stops,
officers should manually activate the recording equipment on calls for service and on self initiated field
activity." According to Merriam-Websters Collegiate Dictionary, 11th Edition the operant, "should", is
"used in laws, regulations, or directives to express what is mandatory" and placed an obligation on the
officer(s) at the scene and involved in the field investigation to activate their recording device(s). The
existence of a visual/audio documentary of the events which transpired during the detention of the
juvenile(s) would have been an invaluable tool for the resolution of PCRB #06-03, if after viewing the
recording of the incident, a complaint had transpired at all.
Disrespectful Commentary: The Board suggests that consideration be given to additional training and
a review of Leg-01, Civil Rights, 111-(0)-(2), "Act, speak and conduct themselves in such manner as to
treat all persons with courtesy and with that respect due to every person as a human being." In the
Investigator's Report, it was acknowledged by officers at the scene that certain officer(s) did not
exhibit the consummate level of professionalism that is typically exhibited by the members of the
ICPD.
Officer Communication at the Scene: The Investigator's Report documented conflicting information
among the officers who had direct contact with the juveniles. The Investigator's report detailed
multiple incorrect assumptions made by officers at the scene due to a lack of communication between
the lead officer and those detaining the juvenile(s). Le.: "Officer II said he had assumed that Juvenile 2
(Juvenile 1) had been arrested by Officer I, and he searched him incident to the arrest."
Incident Documentation: The Board concurs with the Chief's assessment that a review of reporting
requirements is necessary. The Board suggests a review of OPS V., Reporting Use of Force, and
review of LEG-03, Field Interviews and Pat Down Searches, be included in the additional training.
Complaint #06-04
The Board commends the officer(s) involved for activating the in-car recorder so a video could be
reviewed. State law does not require an officer to summon a supervisor upon refusal of a citizen to sign
a citation. State law does require that the seat belt be worn properly.
Complaint #06-05
We commend the Officer involved in this case for activating the in-car camera. The evidence from the
recorded video made it possible for the investigating officers to compare the accusations received from
the Complainant with what was captured by the in-car camera. This Complaint demonstrates the value
of consistent use of the in-car cameras when there is need for later review of actions.
Name-Clearing Hearings
PCRB Annual Report FY 2007 - (Approved 7/10/2007) - 4
The ordinance requires that the Board not issue a report critical of the conduct of a sworn officer until
after a name-clearing hearing has been held. During this fiscal period, the Board scheduled one
name-clearing hearing of which the officer(s) declined.
Mediation
Officers and complainants are notified by mail that formal mediation is available to them at any stage
in the complaint process before the Board adopts its public report. All parties involved must consent to
a request for mediation. No mediations were convened this year.
Complaint Histories of Officers
City ordinance requires that the annual report of the PCRB must not include the names of
complainants or officers involved in unsustained complaints and must be in a form that protects the
confidentiality of information about all parties. Complaints were filed against twelve officers in the five
complaints covered by the FY07 annual report.
ICPD Internal Investigations Logs
The Board reviewed the quarterly ICPD Internal Investigations Log, provided by the Chief of Police.
COMPLAINT DEMOGRAPHICS
The following is demographic information from the five complaints that were completed in this fiscal
year. Because complainants provide this voluntarily, the demographic information is incomplete.
Category/Number of Complainants
Sexual Orientation:
Heterosexual 0
Unknown 4
Lesbian 1
Gender Identitv:
Unknown
5
Color:
African American 2
Unknown 2
White 1
Sex:
Male 2
Unknown 2
Female 1
Mental Disability:
Unknown 5
AQe:
Over 21
Unknown
3
2
National OriQin:
US
Unknown
1
4
Marital Status:
Single 1
Married 1
Unknown 3
ReliQion:
Unknown
Baptist
4
1
Phvsical Disabilitv:
Unknown 5
BOARD MEMBERS
Michael Larson, Chair
Elizabeth Engel, Vice Chair
Candy Barnhill
Loren Horton
Greg Roth
i ~ 1
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--~
CITY OF IOWA CITY~
MEMORANDUM
From:
September 7, 2007
City Council
Joe Fowler, Director Parking & Transit ~
Ron Logsden, Transit Manager {2.L
Date:
To:
Re:
Transit Service - Summer of the Arts
This summer Iowa City Transit offered extended Saturday service, Sunday service, and fare
free rides as a pilot program to encourage people to use transit to attend the Arts Fest, Jazz
Fest, and the Hancher Anniversary. The following is a summary of the ridership generated by
the program.
ARTS FEST
Saturday service was extended until 11 :00 p.m. and Sunday service was offered from 11 :00
a.m. until 6:30 p.m. Saturday total ridership was 1582, an increase of approximately 482 rides
over our Saturday summer average. Sunday ridership was 401. This was the first time Sunday
service had been offered. Cost for the event was $986.00 for Saturday, $1,841 for Sunday.
JAZZ FEST
Saturday service was extended until 11 :00 p.m. and Sunday service was offered from 11:45
a.m. until 11 :00 p.m. Saturday ridership was 1582, the same number as generated by Arts
Fest. Sunday ridership was 578, an increase of 177 over the Arts Fest Sunday ridership. Cost
for the event was $986.00 for Saturday, $2,893 for Sunday.
HANCHER ANNIVERSARY
Saturday service was extended until 11 :00 p.m. Total ridership for the day was 1472 however
only 83 of these rides occurred during the extended service hours. The remainder of the
increase may have been attributed to the free fare. Cost for the event was $986.00.
The increase in service hours did result in an increase in ridership, 2215. The expense to the
City was $3.47 per rider. If the extended hours are offered for future events we anticipate the
number of riders will increase and the fixed cost will remain fairly consistent while the cost per
ride decreases.
I]!:J
AGENDA
City of Iowa City
City Council Economic Development Committee
Thursday, September 13,2007
8:30 a.m.
Lobby Conference Room
City Hall
1. Call to Order
2. Approval of Economic Development Committee Minutes, July 24, 2007
3. Downtown Market Niche Analysis Update, Mary Bosch, Marketek
4. Nile Valley Restaurant, CDBG Economic Development Funds Request
5. Iowa City Ambulatory Surgical Center, Tax Increment Financing Application
6. Staff time
7. Committee time
8. Adjournment
MINUTES
CITY COUNCIL ECONOMIC DEVELOPMENT COMMITTEE
July 24, 2007
CITY HALL, LOBBY CONFERENCE ROOM
Preliminary
Members Present:
Regenia Bailey, Connie Champion, Bob Elliott
Members Absent:
none
Staff Present:
Wendy Ford, Jeff Davidson, Tracy Hightshoe, Steve Long.
Others Present: Nancy Quellhorst, Mark Nolte, Joe Raso, Anna Sobaski and Darin Vig with
Gluten Evolution, Ilham B. Mohamed with Nile Valley
RECOMMENDATIONS TO CITY COUNCIL:
Champion moved, seconded by Elliott, that the Alpla Expansion TIF application be
recommended for Council approval: Motion passed 3-0.
Elliott moved, seconded by Champion, that the following recommendation regarding
Gluten Evolution LLC be forwarded to Council for the August meeting: $50,000, partially
secured by a mortgage on the private residence. Deferred payment would be allowed, not
to exceed 6 months. Term would remain at 7 years, 3% interest rate. Motion passed 3-0.
CALL MEETING TO ORDER
Chairperson Regenia Bailey called the meeting to order at 8:30 AM.
APPROVAL OF MINUTES FROM Julv 10.
Minutes were approved as amended.
ALPLA EXPANSION TIF APPLICATION
Ford reviewed the City's positive history with Alpla and details of the current proposed
development agreement - a 4 year 100% TIF rebate capped at $600,000. Alpla would expand
into an 82,200 square foot addition to the old General Mills building, and agree to maintain 180
permanent full time positions and add 25 additional positions, all at $14.00 per hour or greater,
plus benefits.
Ford further noted that they could not specifically deal with old noise problems in the new
agreement, but included noise issues in Article 2f of the agreement as such: Developer will fully
cooperate with the City in resolution of any traffic, parking, trash removal, excessive noise or
public safety problems which may arise in connection with the construction and operation of the
Minimum Improvements. Alpla has invested improvements on the noise issues on the older
buildings. Marcia Klingaman had had made some neighborhood calls on the issue, and found
that perceptions of the noise output ranged from no issue to very annoying.
Champion moved, seconded by Elliott, that the Alpla Expansion TIF application be recommended
for council approval: Motion passed.
GLUTEN EVOLUTION CDBG ECONOMIC DEVELOPMENT FUNDS REQUEST
Hightshoe reviewed the staff recommendation and rationale included in the packet. Staff
recommendation is to provide a $50,000 loan, partially secured by a mortgage on the private
Economic Development Committee
July 24, 2007
Page 2
residence. Job creation would require 1.5 FTEs. Additionally, she noted that she would not
advise creating additional jobs until cash flow improves. Deferred payment would be allowed,
however not to exceed 6 months. Term would remain at 7 years, 3% interest rate.
Elliott noted that the initial request was for $105,000, and inquired whether $50,000 would be
enough to address their financial needs. Anna Sobaski, owner, responded that it will allow the
hiring of one person, and the purchase of a much needed forklift in the warehouse. Darin Vig
said $50,000 addresses the short-term need; at present, staff is just Sobaski and her sister. The
new position would provide part-time help with marketing, support for PR and sales.
Bailey inquired about profiUloss. Vig responded that they purchase their raw materials from a
copacker, so their cost per items sold is very constant. Cost is about 40% of the selling price.
Sales are going up; Sobaski noted that as they sell more, the cost should come down because
they will qualify for volume discounts. Bailey asked about sales volume. Volume has increased
from 50,000 in 2004 to 200,000 units today. Market penetration is national (they are in all 50
states), and international; they ship to Canada and the UK regularly. They are in the national
chain Wild Oats, which is merging with Hall Foods.
Elliott moved, seconded by Champion, that the following recommendation be forwarded to
Council for the August meeting: $50,000, partially secured by a mortgage on the private
residence. Deferred payment would be allowed, not to exceed 6 months. Term would remain at
7 years, 3% interest rate. Motion passed.
NILE VALLEY RESTAURANT.
Hightshoe introduced this application for a new restaurant serving Middle Eastern/Mediterranean
food and gourmet coffee, beginning in September. They have a location on the ground floor of a
multi-unit complex at 335 S Gilbert Street. They are requesting funds for working capital,
construction, and inventory. The applicant initially requested $110,000, but has re-submitted the
request at $50,000. As a startup business, this is more risky, and there is no collateral for the
loan. The applicant disclosed that the co-owner filed for bankruptcy in 1997. However, the credit
report indicates no past due amounts, and demonstrates that the applicants have a current
history of paying loan obligations. The owner is willing to make a significant personal financial
investment in the business, up to about $70,000.
Any funds used for construction would require payment of union wages, whether they used union
workers or not. This is likely to limit available contractors and increase the price of the work. Staff
therefore recommends $25,000 for working capital only, 5 year term (maximum of 7 years) at 4%
interest. Regarding competition, Hightshoe noted that the City did fund Oasis Falafel with CDBG-
Economic Development Funds. That loan was for $25,000, 4% interest, 5-year term.
Elliott inquired about the lack of collateral. IIham Mohamed, the applicant, responded that she
had no house to put up, and US Bank is securing their loan by having the applicant purchase the
equipment through the bank.
Bailey asked what other communities do with these kinds of loans and securities. Hightshoe
mentioned the city of Dubuque has an economic development fund, but no specific policies on its
distribution. The city of Des Moines has more detailed rules.
Bailey voiced a few concerns, noting that restaurants are always a challenge. Comparison to
Oasis is good, a comparable situation; however, noted, that they had done some marketing and
had a following before their opening. When asked what she saw as her market base, or her
following, Mohamed replied that she has done some vending in Iowa City; at the cultural fair in
the Field House and RAGBRAI in Coralville last year, for example. .
Economic Development Committee
July 24, 2007
Page 3
Bailey stated that the cash sales projections look very ambitious. Asked if she thought it was
realistic, Mohamed said they figured on $6 average sales per person, breakfast, lunch, and
dinner; and doesn't see it as a difficult thing to accomplish. Her goal is to reach 150 sales per
day for the first 6 months, and that would clear $100,000 for the first year. She is planning to
deliver, also. Proposed hours are 6 a.m. to 9 p.m., 7 days a week at the beginning, with 10
employees.
Bailey noted 150 people a day seems ambitious, noting that there are down days and months.
Elliott has concerns about providing an unsecured loan with taxpayers' money; saying its neat to
have this type of business in that location, but starting from scratch with no following is risky. He
is concerned that projected sales cannot be met. Bailey added that most of the expenses are
fixed; and there is not a lot of "wiggle room" in the projections.
Elliott also noted the lack of a resume in her materials. He questioned her business experience,
noting the past tells a lot about the future. Mohamed responded that they are immigrants from
Sudan and had done many different things since that time. She had been an air hostess for 10
years for Saudi Air Lines and Sudan Airways. They came to the U.S. in 1993; since then they
have worked in many different jobs, and both got higher education. Her husband, Bedrelddin
Ahmed got a PhD and is a United Nations translator in Iraq currently; Mohamed graduated from
Kirkwood Community College and got a job at the Neighborhood Centers. Elliott inquired whether
she had food service experience or experience running a business, or managing a payroll, or
other management experience. Mohamed answered that she did not.
Bailey asked whether she had worked with the Small Business Development Center. Mohamed
responded yes, and also with the Cedar Rapids Business Center, and that she is also planning to
take more business classes. Bailey asked whether she had developed different sales scenarios,
or, if they don't make projected sales, how they would deal with the shortfall. Mohamed noted that
she would create a plan addressing different revenue scenarios.
Champion asked where the projection of 150 customers per day came from and what they
absolutely needed to survive. Mohamed replied that she got the number by studying other similar
restaurants. She did her own observational survey during the last days of May, when business
was very slow, and counted an average of 16 an hour; she felt she could do much better.
Bailey indicated interest in going ahead but would like to see different revenue scenarios along
with a marketing plan. $25,000 is an appropriate figure. Bailey noted that it would be nice to
have something other than liquor stores in that area. Champion also indicated that she was not
against the project, but would like to see a marketing plan.
Quellhorst asked if she had catering plans. Mohamed replied yes; she plans to purchase a
bicycle for close-by deliveries. She doesn't know how much of that she can do until she starts.
Bailey reiterated the need to see a marketing plan. Elliott repeated his problem with no collateral,
and the lack of person-power to handle both operational marketing and other kinds, such as
catering.
Bailey asked Mohamed to bring back a marketing plan and cash flow scenarios based strictly on
student basis to see ups and downs. Nolte suggested Mohamed also check the USAID programs
to aid refugees; noting that even though she is now a U.S. citizen, she still qualifies. Bailey stated
that the request will be revisited at the next meeting, which will be scheduled early August in
order to get it on Council's August agenda.
STAFF TIME
Ford provided new wording for the bankruptcy question on CDSG loan applications: Has the
company or any officer of your company been involved in bankruptcy or insolvency proceedings
Economic Development Committee
July 24, 2007
Page 4
during the past 7 years from the date of this application? If so, provide the details. The wording
was accepted by majority agreement.
Ford mentioned that Hightshoe had done some research about how other communities distribute
their CDBG loan proceeds. We are going to continue this research to determine proper
distribution and also to define the most efficient way to have a CDBG loan fund portfolio.
Hightshoe then provided a spreadsheet showing the history of all Iowa City CDBG Economic
Development Fund applications and status from July 1, 2002 (FY03) to present.
Ford announced that in September the National Development Council will be providing a three-
day class in St Louis that Hightshoe will attend. Elliott complimented Hightshoe's work.
COMMITTEE TIME
The committee scheduled their next meeting: Monday, August 13, at 8:30 a.m.
ADJOURNMENT
Champion moved and Elliott seconded adjournment at 9:31 AM. Motion passed. Next meeting
is scheduled for Monday, August 13,8:30 AM, in the City Hall Lobby Conference Room.
Council Economic Development Committee
Attendance Record
2007
Name Term 1/23 2/09 2/20 2/27 3/06 3/12 4/06 4/12 5/29 5/31 6/21 7/10 7/24
Expires
Regenia Bailey 01/02/08 X X X X X X X X X X X X X
Bob Elliott 01/02/08 X X X X X X X X X X X X X
Connie Champion 01/02/08 X X X X X X X X X OlE X X X
Key:
X = Present
o = Absent
OlE = Absent/Excused
Absent/Excused
1 ~ 1
-~= -~
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....... ..
CITY OF IOWA CITY
MEMORANDUM
Date:
September 10, 2007
To:
Council Economic Development Committee
Re:
Tracy Hightshoe, Associate Planner
Nile Valley Restaurant
From:
At the July 24 Council Economic Development Committee meeting, the committee requested
that the owner, IIham Mohammed, submit different cash flow projections for less than
anticipated annual sales and a marketing strategy for the business.
Ilham has been working with Paul Heath, Small Business Development Center, to develop cash
flow statements under different sales projections. Two year cash flow projections are attached
that reflect the worst case scenario and the expected scenario. The forecasted financial
statements are attached for your review. For your reference the July 24 Staff Recommendation
can be found below:
July 24, 2007 Staff Recommendation: $25,000 for working capital only to limit risk/exposure and
not subject the project to additional federal regulations. Maximum term of 7 years at 4% interest
and new cash projections completed prior to award. Job creation would require three FTE
positions that are paid $1 0.50/hour or more. Staff recommends as a condition of the award the
owner receive additional business assistance regarding items such as loss prevention, portion
control, personnel and financial management. The training required would be based on an
evaluation by the Small Business Development Center.
Please contact me with any questions at 356.5244.
Nile Valley Restaurant Marketing Plan
Marketing Strategy~Strategy Pyramids
The single objective is to position the Nile Valley as the premier
gourmet Mediterranean restaurant in the Iowa City area. The
marketing strategy will seek to first create customer awareness
regarding their services offered, develop that customer base, and
work toward building customer loyalty and referrals.
The message that the Nile Valley will seek to communicate is that
the Nile Valley offers the freshest, most creative, health
conscious, reasonably priced, gourmet Mediterranean/Middle
Eastern food. This message will be communicated through a
variety of methods.
The Nile Valley's advertising budget is very limited, so the
advertising program is simple and affiant. The Nile Valley will do
extensive mailing to the residents of Iowa City and Coralville,
through direct mail.
.:. Direct mail, which will be a way to communicate directly
with the consumer, was used by a previous restaurant
owner in the Quad Cities who saw a dramatic increase of
sales immediately after advertising through direct mail by
Mail South.
.:. Door hangers with coupons to households and businesses
around the highly populated Downtown area.
.:. Yellow Pages & Dex page ads.
.:. Internet exposure through search engine optimization, a
web site, Internet listings, Iowa City Local Internet
Directory and Ameseats.com. Consumers will be
encouraged to visit the Nile Valley's Web Site that
highlights the restaurants up coming attractions, events
and dynamic menu.
.:. Public Relation growth by maintaining guest list e-mail
coupons, specials and telephone invitations for special
events.
.:. The Nile Valley has an established growing VIP guest list of
120 costumers that are already excitingly awaiting the
opening of Nile Valley.
.:. The Nile Valley will establish a relationship with local
community development organizations and popular local
radio stations to gain airtime to promote events and
specials, like winning a dinner for two through the station.
Because of this, the Nile Valley will be gaining interface with
their customers.
Advertising on Radio stations like:
. -KRNA -94.1 FM
. -KKRQ -100.7 FM
. -KRUI 89.7 Radio is the second largest student organization
at the University of Iowa. KRUI employs students, both
volunteer and paid, from a wide variety of backgrounds and
majors. The Nile Valley will be supporting the college
community not just by providing a hot meal and reasonable
prices but also announcing special coupons - special events
and great discount deals. Radio airtime will gain the Nile
Valley an increase in new customers who can be turned into
long-term customers.
.:. The Nile Valley will continually look for local
community programs in which the Nile Valley can
participate, in order to better the community and give
something back.
.:. Banner ads with inserts in the Daily Iowan, Iowa City
Press Citizen and Ad Sheet, all of which are popular
local papers, are likely to be the most successful of
the campaigns.
The Daily Iowan itself serves primarily the University of Iowa
student population which is: 28,910; Faculty and Staff: 17,695;
970/0 of University of Iowa Students and 780/0 of University of
Iowa faculty and staff read The Daily Iowan.
The Nile Valley will leverage personal relationships to get articles
in the Daily Iowan and Iowa City Press Citizen. The Nile Valley
will gain considerable recognition through the local newspapers,
and public announcements.
.:. Our periodic customer surveys and weekly menu item sales
evaluations will help the Nile Valley to understand what
advertising is working and what is not. The Nile Valley's
goat is to understand their customer, measure the success
of their direct marketing and media activities, and redirect
advertising as effectively as possible.
.:. According to a research by Iowa State University, Office of
Social and Economic Trend Analysis Retail Trade Profile for
Iowa City, the sales of food and drinks in 2003 was 99.31
million and the number of establishments was 143 this
makes the average sales per business per year is around
$700,000. cop of study is attatched.
.:. The Nile Valley will always target new residents through a
direct marketing plan called Moving Targets.
.:. The Nile Valley will do catering for special events, which
will give the Nile Valley a higher visibility for further
function and community events.
.:. Lastly, the Nile Valley will issue a series of press releases on
the grand opening party, which will include:
. Live Entertainment.
. An experience of an exotic Mediterranean atmosphere.
. Belly dancer and DJ.
. A Family style of food serving.
. An exquisite service.
Marketing Objectives
.:. Maintain positive, steady, growth each month.
.:. Generate at least $27,000 in sales per month for the first
six months.
.:. Experience an increase in new customers who are turned
into long-term customers.
.:. Realize a growth strategy of the first year.
Target Marketing
The market can be segmented into three target populations:
.:. Individuals: People that dine in by themselves.
.:. Families: A group of people, either friends or a group of
nuclear relatives, dining together.
.:. Take out: People that prefer to eat in their home or at a
different location than the actual restaurant.
Combining several key demographic factors, Nile Valley arrives
at a profile of the primary customer as follows:
. Students and faculty members.
. Sophisticated families who live nearby.
. Young professionals who work close to the location.
. The Destination Customer.
. Downtown Couples.
. Shoppers who patronize the high rent stores.
. Tourists.
Positioning
Nile Valley Middle Eastern restaurant will position itself as a
reasonably priced, upscale, gourmet Mediterranean
restaurant. Iowa City consumers who appreciate high-
quality food will recognize the value and unique offerings of
Nile Valley and experience an exotic Mediterranean
atmosphere. Patrons will be single as well as families, ages
25-50.
Keys to Success
Location, Location, Location.
Nile Valley's site selection criteria are critical to success.
.:. Location: 335 S. Gilbert St, Iowa City, IA 52240 Downtown
Iowa City, near major parking ramp, a Pedestrian Mall, two
blocks from Public Library, residential and business area
.:. Design: bright, hip, and clean with a ravishing
Mediterranean atmosphere.
.:. Size: 2,500 square feet.
.:. Employees: 3 full-time 6 part-time
.:. Seating: 50-60.
.:. Types of transactions: 600/0 dine in, 400/0 take out.
.:.
Monthly Expense Budget
Three month budget and budget will be modified
Marketing Expense Budget
Sep Oct Nov
Direct mail $600 $600 $600
Banner ads $100 $100 $100
Graphic+ Logo $325 $0 $0
Web Development $215 $15 $15
Restaurant Sign $2500 $0 $0
Door Hangers $500 $0 $0
Invitation $100 $0 $0
Belly Dancer $250 $100 $100
Advertising $0 $185 $185
Total Sales and $4590 $1000 $1000
Marketing Expenses
~
?
Nile Valley Restaurant
Iowa City, IA; Worst Scenario
Forecasted Financial Statements
Submitted by
IIham Mohamed
812712007
FORCASTED FINANCIAL STATEMENTS
FORECASTED STATEMENT OF INCOME
Mth1 Mth2 Mth 3 Mth4 Mth5 Mth6 Mth7 Mth S Mth9 Mth 10 Mth 11 Mth 12 Totals
Summary Sep-07 Oct.07 Nov-07 Dee.07 Jan.OS Feb-OS Mar-OS ADr-OS Mav-OS Jun-OS Jut.OS Aug.OS Percent
Net Sales 18060 18060 18060 18060 18060 18060 18060 18060 18060 18060 18060 18060 216720 100.00%
Cost of Goods Sold 6140 6140 6140 6140 6140 6140 6140 6140 6140 6140 6140 6140 73685 34.00%
GROSS PROFIT 11920 11920 11920 11920 11920 11920 11920 11920 11920 11920 11920 11920 143035 66.00%
Operating Expenses 12736 12538 12538 12538 12538 12538 12538 12538 12536 12538 12538 12536 150660 69.52%
OPERATING INCOME (LOSS) -819 -619 -619 -619 .619 .619 -619 -619 -619 -619 -619 -619 .7625 -352%
Financial Expense, Interest 374 370 370 372 374 376 378 380 382 384 386 389 4535 2.09%
INCOME (LOSS) BEFORE -1192 -989 -989 -991 -993 -995 -997 .999 -1001 -1003 -1005 .1007 -12160 -5.61%
INCOME TAXES
Federal and state income taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00%
tNET INCOME (LOSS -1192 -989 -989 -991 -993 -995 -997 -999 -1001 -1003 -1005 -1007 -12160 -5.61%
page
1-
FORECASTED STATEMENT OF RETAINED EARNINGS
Mth 1 Mth2 Mth 3 Mth4 Mth 5 Mth6 Mth7 Mth S Mth9 Mth 10 Mth 11 Mth 12 Totals
Sep-07 Oct-07 Nov-07 Oee-07 Jan-OS Feb-OS Mar-OS Aor-OS Mav-OS Jun-OS Jul-OS AUQ-OS
Balance, beginning 0 -1192 -2181 -3170 -4161 -5153 -6148 .7145 -8144 -9144 -10147 .11153 0
Dividend Payments 0 0 0 0 0 0 0 0 0 0 0 0 0
Add nelincome (loss) -1192 -989 -989 -991 -993 -995 -997 -999 -1001 -1003 -1005 -1007 .12160
IBALANCE ENDING -1192 -2181 -3170 -4161 .5153 -6148 -7145 -8144 -9144 -10147 -11153 -12160 -12160
Nile Valley Restaurant his
Year
8/2712007
FORCASTED FINANCIAL STATEMENTS
Year-end
2008
--Mth 12
Aua.08
11
-Mth
Jul-08
..Mth 10
Jun-OS
..Mth9
May-08
..Mth8
Apr-08
.-Mth 7
Mar-08
..Mth6
Feb.08
..Mth 5
Jan.OS
.-Mth4
Dee.07
.-Mth 3
Noy.07
FORECASTED BALANCE SHEET
Percent
..Mth2
Oct-07
.-Mlh
Sep.07
-MthO
01-Sep
0.40%
0.00%
4.03%
0.00%
2.42%
500
o
5000
o
3000
500
o
5000
o
3,000
500
o
5000
o
3,000
500
o
5000
o
3,000
500
o
5000
o
3,000
500
o
5000
o
3.000
500
o
5000
o
3,000
500
o
5000
o
3,000
500
o
5000
o
3,000
500
o
5000
o
3,000
500
o
5000
o
3,000
500
o
5000
o
3,000
877
o
5000
o
3,000
2000
o
5000
o
3000
CURRENT ASSETS
Cash
Trade Receivables, net
Inventory
Work-in-Process
Preopening Expenses and
Deposi
6.85%
8500
8500
8500
8500
8500
8500
8500
8500
8500
8500
8500
8500
8877
10000
ITOT AL CURRENT ASSETS
72.58%
0.00%
28.23%
0.00%
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
LEASEHOLD IMPROVEMENTS, EQUIPMENT,
LAND, BUILDINGS. at cost
Buildings and Improvements
Land
Furniture,
Vehicles
Fixtures & Equipt
100.81%
7.66%
125000
9500
125000
9500
125000
8708
125000
7917
25000
7125
125000
6333
25000
5542
125000
4750
25000
3958
125000
3167
125000
2375
125000
1583
25000
792
12500~1
Total before Depre.
Less Accum. Depre.
93.15%
15500
115500
16292
117083
17875
18667
19458
120250
121042
121833
122625
123417
124208
125000
PLANT, EQUIPT. & LAND
TOTAL
OTHER ASSETS
page
0.00%
100.00%
Year
o
124000
124000
o
124792
125583
126375
127167
127958
126750
129542
130333
131125
131917
133086
o
135000
Goodwil
fTOTAL ASSETS
Nile Valley Restaurant 4.xls
8/27/2007
Year-end
2008 Percent
10061 8.11%
9443 7.62%
0 0.00%
0 0.00%
0 0.00%
19504 15.73%
66099 53.31%
9443 762%
56656 45.69%
76160 61.42%
60000 48.39%
.12160 .9.81%
47840 38.58%
124000 10~
-
Year 1- page
FORCASTED FINANCIAL STATEMENTS
..Mth 12
Aug-08
..Mth 11
Jul-08
--Mth 10
Jun-08
--Mth9
May-08
--Mth8
Apr-08
--Mth 7
Mar-08
..Mth6
Feb-08
-Mth5
Jan-08
--Mth4
Dee.07
.-Mth3
Nov-O?
--Mth 2
Oct.07
--Mth 1
Sep-07
FORECASTED BALANCE SHEET cant.
..Mth 0
01-Sep
10061
9443
o
o
o
9083
9397
o
o
o
8112
9350
o
o
o
7146
9304
o
o
o
6186
9259
o
o
o
5231
9213
o
o
o
4283
9168
o
o
o
3340
9123
o
o
o
2403
9078
o
o
o
1471
9033
o
o
o
545
8989
o
o
o
o
8945
o
o
o
o
o
o
o
o
LIABILITIES
Short- T arm Notes
Plus Cur. Port of L T Debt
Accounts Payable
Accrued Expenses
Income Taxes Payable
19504
18480
17462
16450
15444
4445
3451
2463
1481
0505
9534
8945
CURRENT LIABILITIES
66099
9443
66861
9397
67619
9350
68374
9304
69124
9259
69872
9213
70615
9168
71355
9123
72091
9078
72824
9033
73553
8989
74278
8945
75000
o
Long Term Liabilities
Less Cur. Port. of L T Debt
56656
57464
58269
59069
59866
60658
61447
62232
63013
63790
64564
65333
75000
LONG-TERM DEBT
76160
75944
75731
75519
75310
75103
74898
74695
74494
74295
74098
74278
75000
[TOTAL LIABILITIES
STOCKHOLDER'S EQUITY
60000
-12160
60000
-11153
60000
-10147
60000
-9144
60000
-8144
60000
-7145
60000
-6148
60000
-5153
60000
.4161
60000
-3170
60000
-2181
60000
-1192
60000
o
Common Stock
Retained Earnings
47640
124000
48847
124792
49853
25583
50856
26375
51856
127167
52855
27958
53852
28750
54847
29542
55839
30333
56830
131125
57819
131917
58808
133086
60000
135000
TOTAL EQUITY
[TOTAL L1AB. AND SH EQUITY
Nile Valley Restaurant 4.xls
8/27/2007
Year-end
2008 Percent
2,160) 457.17%
9,500 -357.17%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(2660 100.00%
10,061 867.47%
(8,901) -767.47%
0.00%
0.00%
1'60 100.00%
(1.500) -300.00%
2,000 400.00%
500 1oo~
-
Year ,- page 4
FOR CASTED FINANCIAL STATEMENTS
Mth 12
Aug.08
Mth 11
Jul.08
Mth 10
Jun-OS
Mth9
May-08
Mth 8
Apr-08
Mth7
Mar-08
Mth6
Feb.08
Mth 5
Jan-08
Mth4
Dee-07
Mth 3
Nov.07
POSITION
FORECASTED STATEMENT OF CHANGES IN FINANCIAL
Mth 2
Oct-07
Mth 1
Sap.07
,007
792
(1
,005)
792
(1
(1,003
792
,001
792
(1
(999)
792
(997)
792
(995
792
(993
792
(991
792
(989)
792
(989)
792
92
792
(1
FINANCIAL RESOURCES FROM OPERATIONS
Net Income (loss)
Items which did not require ounay of cash:
Depreciation
Amortization
(Increase) decrease in Trade
Receivables (net)
Increase) decrease in Inventory
Increase) decrease in Work-In-Process
Increase) decrease in Prepaid Expenses
ncrease (decrease) in Aces. Payable
ncrease (decrease) In Accr. Expenses
ncrease (decrease) in Income
Taxes Payable
jf16
(213
21
209
207
205
203
(201
(199
197
197
401
CASH PROVIDED BY (USED IN) OPERATIONS
INVESTING
FINANCIAL RESOURCES FROM
Sale (Purchase) of Buildings,
mprovements, Land, Furniture. Veh.
978
(762)
972
(758)
966
(755
960
(751
954
(747)
949
(743
943
(740
937
(736)
932
(733)
926
(729)
545
(725)
CASH USEDlRECEIVEDlFROM INVESTMENT
FINANCIAL RESOURCES FROM FINANCING
Increase (decrease) in Short-Tenn Notes
Increase (decrease) in Long-Tenn Debt
Increase (decrease) in Cont by Owner
Dividend Payments
(722)
216
o
500
500
213
(0
500
500
o
500
500
209
(0
500
500
207
500
500
205
o
500
500
203
500
500
201
500
500
199
500
500
197
500
500
(180
(377
877
500
(722
(1.123
2,000
877
CASH PROVIDED (USED) BY FINANCING
CASH. ENDING
Nile Valley Restaurant 4.xls
Cash Inflow (Outflow)
Cash. Beginning
8/27/2007
FORCASTED FINANCIAL STATEMENTS
FORECASTED SCHEDULE OF OPERATING EXPENSES
Percent
22.15%
27.15%
2.17%
3.32%
1.11%
4.15%
0.55%
0.40%
0.11%
0.46%
3.32%
0.09%
0.14%
4.38%
Totals
48000
58848
4708
7200
2400
9000
1200
884
240
1000
7200
200
300
9500
Mth12
Aug.o8
4,000
4,904
392
600
200
750
100
72
20
83
600
25
792
Mth 11
Jul-08
4,000
4.904
392
600
200
750
100
72
20
83
600
792
25
Mth 10
Jun.o8
4,000
4,904
392
600
200
750
100
72
20
83
600
792
25
Mth9
May-08
4,000
4.904
392
600
200
750
100
72
20
83
600
792
25
Mth 8
Apr-08
4,000
4,904
392
600
200
750
100
72
20
83
600
792
25
Mth 7
Mar-OB
4,000
4.904
392
600
200
750
100
72
20
83
600
792
25
Mth6
Feb-08
4,000
4,904
392
600
200
750
100
72
20
83
600
25
792
Mth5
Jan-08
4,000
4,904
392
600
200
750
100
72
20
83
600
25
792
Mth4
Dee-07
4,000
4.904
392
600
200
750
100
72
20
83
600
25
792
Mth 3
Nov-07
4.000
4,904
392
600
200
750
100
72
20
83
600
25
792
Mth2
Del-07
4,000
4,904
392
600
200
750
100
72
20
83
600
792
25
Mthl
Sep-07
4,000
4,904
392
600
200
750
100
72
20
83
600
200
25
792
Payral
Payro"
,Advertis;nq
Insuranre
Supplie:-,
T elephocE
Trasr"
Ma!ntH;a
Depreciation
Amortization
and
Licenses
l.eqal and
Utilities
Permi
Repai
Accounts
page 5
Year
150660
12538
12538
12538
12538
12538
2538
12538
12538
2538
12538
12538
12738
TOTAL OPERATING EXPENSES
Nile Valley Restaurant 4.xl
8/27/2007
page
FORCASTED FINANCIAL STATEMENTS
IFORECASTED SCHEDULE OF COST OF GOODS SOLD I
Mth 1 Mth2 Mth3 Mth4 Mth5 Mth6 Mth 7 MthS Mth9 Mth 10 Mth11 Mth12 Totals
Accounts Seo-07 Oct-07 Nav-07 Dee-07 Jan-OS Feb-oS Mar-OS Aor-oS Mav-OS Jun-OS Ju~OS Auo-oS Percent
Cost of Goods Sold 6,140 6.140 6,140 6,140 6.140 6.140 6,140 6,140 6,140 6,140 6,140 6,140 73.685 34.00%
TOTAL COST OF GOODS SOLD 6140 6140 6140 6140 6140 6140 6140 6140 6140 6140 6140 6140 73685 34.000/,
Nile Valley Restaurant 4.xls
Year
FORECASTED SCHEDULE OF COST OF GOODS SOLD
812712007
FORCASTED FINANCIAL STATEMENTS
DEPRECIATION SCHEDULE
T olaIs
6.000
Mth12
Aug-08
500
Mth11
Jul-08
500
Mth 10
Jun-08
500
Mth9
May-08
500
MthS
Apr-OS
500
Mth 7
Mar-08
500
Mth6
Fob-OB
500
Mth5
Jan-OB
500
Mth4
Dec-O?
500
Mth3
Nov-O?
500
Mth2
Oct-O?
500
500
Mth 1
Sep-O?
Method
*see below
Cumulative
Cost
90,000
90,000
90,000
90,000
90,000
90,000
90.000
90,000
90,000
90,000
90,000
90,000
90,000
Cost
" I
Life
Buildings and Improvements
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions August
6,000
3,500
500
292
500
292
500
292
500
292
SOD
292
SOD
292
500
292
500
292
500
292
500
292
500
292
500
292
90,000
I
Total
Fumnure, Fixtures & Equipt.
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions August
page
3500
Vear
292
292
292
292
292
292
292
292
292
292
292
292
35000
age
on next
reciation schedulecont
Nile Valley Restaurant 4.xls
de
Total
8/27/2007
FOR CASTED FINANCIAL 8T A TEMENT8
DEPRECIATION SCHEDULE
Totals
Mth 12
Aug-08
Mth 11
JuI-08
Mth 10
Jun-08
Mth9
Mav-08
Mth8
Apr-08
Mth7
Mar-08
Mth6
Feb-08
Mth5
Jan-08
Mth4
Dee-07
Mlh3
Nov-07
M1h2
Oct-07
Mthl
Sep-07
Method
Cumulative
Cost
Cost
Life
Vehicles
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions August
9,500
792
8,708
792
7,917
792
7,125
792
6,333
792
5,542
792
4,750
792
3,958
792
3.167
792
2,375
792
1.583
792
792
792
792
Total depreciation expense
Plus beginning accumulated depreciation
Less eliminations
Total
page
9,500
Vea
500
8.708
7,917
7.125
6.333
5,542
4,750
3.958
3,167
2,375
583
ENDING ACCUMULATED DEPRECIATION
Nile Valley Restauranl4.xls
8/27/2007
FORCASTED FINANCIAL STATEMENTS
Mlh 1 Mth 2 Mth3 Mlh4 Mth5 Mlh 6 Mlh7 MthS Mlh9 Mth 10 Mth 11 Mlh 12
Accounts Seo-07 Oct-07 Nov-07 Dee-07 Jan-08 Feb-08 Mar-08 ADr-OS Mav-OS Jun-OS Jul-OS Aua-OS T etals
Sales 18,060 18,060 1S.060 18,060 18,060 18,060 18,060 18,060 18,060 18,060 18,060 18,060 216,720
TOTAL SALES 18060 18060 18060 1S060 18060 18060 18060 18060 18060 18060 18060 18060 216720
, Receipts Cash (1.00%) 18,060 18,060 18.060 18,060 18,060 18,060 18,060 18,060 18,060 18,060 18,060 18,060 216.720
, Receipts 30 Days (0.00%)
, Receipts 60 Days (0.00%)
; Receipts 90 Days (0.00%)
Receipts from Previous Year
CASH RECEIPTS FROM SALES 18060 18060 18060 18060 18060 1S060 18060 18060 18060 18060 18060 18060 216720
TRADE RECEIVABLES 0 0 0 0 0 0 0 0 0 0 0 0 0
TRADE RECEIVABLES ANALYSIS
page 9
Year
Percent
CO oO'!
0.00'.
0.000,
D,OOW.
Nile Valley Restaurant 4.xls
8f27flOO7
ILOAHII4 I
10
9.50%
o
38
o
AMORTIZATION SCHEDULE
To""
Inltlres! Rate
Beq Balance
Start Month
Payment
I LOAN #3 I
10
9.50%
o
26
o
FORCASTED FINANCIAL STATEMENTS
AMORTIZATION SCHEDULE
Term
Interest Rate
BElQ Balance
Start Month
Payment
I LOAN #2 I
7
4.00%
25000
I
342
AMORTIZATION SCHEDULE
To""
InlerestRale
Baq Balance
Start Month
Payment
AMORTIZATION SCHEDULE I LOAN #1
T,,,,, 7.00
Interest Rate 6.97%
BeQ Balance 5??oo
Start Month 1
Payment 754
DATE # PAYMENT INT. PRIN BALANCE
Sep-07 0 0 0 0 0
Sep..Q7 1 0 0 0 0
Ocl-07 2 0 0 0 0
Nov-07 3 0 0 0 0
Dee.o7 4 0 0 0 0
Jan-08 5 0 C 0 0
F,b.Q8 6 0 0 0 0
Mar-OS 7 0 0 0 0
Apr-08 8 0 0, 0 0
May-08 9 0 0 0 0
Jun-08 10 0 0 0 0
Jul-08 I' 0 0 0 0
Auq.o8 12 0 0 0 0
Sep.Q8 13 0 0 0 0
Oct.Q8 14 0 0 0 0
Nov.o8 15 0 0 0 0
Dec-08 16 0 0 0 0
Jan-09 17 0 0 0 0
F,b.o9 18 0 0 0 0
Mar-OO 19 0 0 0 0
Apr-OO 20 0 0 0 0
May-OO 21 0 0 0 0
JUfl-OO 22 0 0 0 0
Jul-09 23 0 0 0 0
AUQ-09 24 0 0 0 0
Sep.Q8 25 0 0 0 0
Oel.o9 26 0 0 0 0
Nov-09 27 0 0 0 0
Dec-OO 28 0 0 0 0
Jan-10 29 0 0 0 0
Feb-10 30 0 0 0 0
Mar-10 31 0 0 0 0
Apr.l0 32 0 0 0 0
May-10 33 0 0 0 0
Jun-10 34 0 0 0 0
Jul-10 35 0 0 0 0
Auq.10 36 0 0 0 0
$ep-.10 37 0 0 0 0
Oel.l0 38 0 0 0 0
Nov-10 39 0 0 0 0
Dee.l0 40 0 0 0 0
10
page
Yeal
DATE # PAYMENT INT PRIN BALANCE
Seo-07 0 0 0 0 0
Sep-07 I 0 0 0 0
Oct.o7 2 0 0 0 0
Nov.o7 3 0 0 0 0
Dee-07 4 0 0 0 0
Jan-08 5 0 0 0 0
F,b.o8 6 0 0 0 0
Mar-OS 7 0 0 0 0
Apr-08 8 0 0 0 0
May.o8 9 0 0 0 0
Jun-08 10 0 0 0 0
Jul.o8 11 0 0 0 0
Auq.o8 12 0 0 0 0
Seo-08 13 0 0 0 0
Oct-08 14 0 0 0 0
Nov.o8 15 0 0 0 0
Dee.o8 18 0 0 0 0
Jan-09 17 0 0 0 0
F,b.o9 18 0 0 0 0
Mar.Q9 19 0 0 0 0
Apr.Q9 20 0 0 0 0
May-OO 21 0 0 0 0
Jun-09 22 0 0 0 0
Jul-OO 23 0 0 0 0
AuQ-09 24 0 0 0 0
SeQ-09 25 0 0 0 0
Oct-OO 25 0 0 0 0
Nov-OO 27 0 0 0 0
Dec.o9 28 0 0 0 0
Jan.10 29 0 0 0 0
Feb-lO 30 0 0 0 0
Mar-10 31 0 0 0 0
Apr-10 32 0 0 0 0
May.l0 33 0 0 0 0
Jun-10 34 0 0 0 0
Jul-10 35 0 0 0 0
AUQ-10 36 0 0 0 0
86P-10 37 0 0 0 0
Oct.l0 38 0 0 0 0
Nov.10 39 0 0 0 0
Dec-10 40 0 0 0 0
DATE # PAYMENT INT. PRIN. BALANCE
S,q.o7 0 0 0 0 25,000
Sep-07 1 342 83 258 24,742
Oct.o7 2 342 82 259 24,482
Nov-07 3 342 B2 260 24,222
Dee.o7 4 342 81 251 23.961
Jan-08 5 342 eo 262 23,699
Feb-08 6 342 79 263 23,437
Mar-De 7 342 78 264 23.173
Apr -08 8 342 77 264 22.909
May.Q8 9 342 76 265 22.643
Jun-08 10 342 75 266 22.377
Jul-08 11 342 75 257 22.110
Au0.Q8 12 342 74 258 21,642
S,p.Q8 13 342 73 269 21,573
Ocl-08 14 342 72 270 21.303
Nov-08 15 342 71 271 21,032
Oec-08 16 342 70 272 20.761
Jan-09 17 342 69 273 20.488
F,b-ll9 18 342 68 273 20,215
Mer-OO 19 342 67 274 19,941
Apr-09 20 342 66 275 19.665
May-OO 21 342 66 276 19,389
Jun-09 22 342 65 277 19.112
Jul-09 23 342 64 278 18,834
Auq.o9 24 342 63 279 18,555
S,p.09 25 342 62 280 18.275
Oct.o9 26 342 61 281 17.994
Nov-09 27 342 60 282 17,713
Dec-1l9 28 342 59 283 17,430
Jan-10 29 342 58 284 17,146
Feb-tO 30 342 57 285 16.862
Mar-1D 31 342 58 288 16.576
Apr-lO 32 342 55 288 16,290
Mav-10 33 342 54 287 16.002
Jun-lO 34 342 53 288 15.714
Jul.10 35 342 52 289 15,425
Auo.l0 36 342 51 290 15.134
Sep-tO 37 342 50 291 14.843
Oct-10 38 342 49 292 14,551
Nov-10 39 342 49 293 14,258
Qec.10 40 342 48 294 13963
DATE # PAYMENT INT PRIN BALANCE
Seo-07 0 0 0 0 50000
5,p.07 , 754 290 463 49.537
Oct.o7 2 754 288 466 49.070
Nov-O? 3 754 285 458 48,601
Oec-07 4 754 282 472 48.130
Jan-08 5 754 280 474 47,656
F,b.o8 6 754 277 477 47.178
Mar-08 7 754 2H 480 46.699
Apr.Q8 8 754 271 483 46.216
Mav'()8 9 754 268 485 45.730
Jun-08 10 754 266 488 45.242
Jul-08 11 754 263 491 44.751
AUQ.o8 12 754 260 494 44.257
S,p.Q8 13 754 257 497 43.760
Oct'()8 14 754 254 500 43,260
Nov'()8 15 754 251 503 42,758
Dec-08 16 754 248 506 42,252
Jen-09 17 754 245 508 41,744
F,b-ll9 18 764 242 511 41.232
Mar.o9 19 754 239 514 40.718
Apr -09 20 764 237 517 40,201
Mav-OO 21 754 233 520 39,680
Jun-09 22 754 230 523 39.157
Ju1.()9 23 754 227 526 38,630
AUQ-09 24 754 224 530 38,101
Se0-09 25 764 221 533 37.568
Oct-OO 25 754 218 536 37,032
Nov-09 27 754 215 539 36.494
Dec-09 28 754 212 542 35,952
Jan-10 29 754 209 545 35,407
Feb-10 30 754 206 548 34.858
Mar-10 31 754 202 551 34.307
Apr-10 32 754 199 555 33.752
May.l0 33 754 196 558 33.194
Jun-10 34 754 193 661 32,633
Jul-lO 35 754 190 564 32,069
AUQ-10 36 754 186 568 31.501
Sep-lO 37 754 183 571 30,930
Oct.IO 38 764 180 574 30.356
Nov-10 39 754 176 578 29.779
tJec.l0 40 754 173 581 29196
.xIs
Nile Valley Restauran
8127/2007
FORCASTED FINANCIAL STATEMENTS
T alals
12
Mth
Au
Mth 11
Jul-OS
Mth 10
Jun.()S
Mth 7
Mar.()S
Mth6
Feb-08
Mth 5
Jan-08
Mth4
Dee-07
Mth 3
Nov-07
Mth2
Oct-07
Mth 1
Sep-07
KEY MEASURES
00.00%
66.00%
34 00%
-3.52%
-5.61%
2.09%
S
8.33%
66.00%
34.00%
-3.43%
5.58%
2.15%
8.33%
66.00%
34.00%
-3.43%
-5.57%
2.14%
8.33%
66.00%
34.00%
-3.43%
-5.55%
2.13%
8.33%
66.00%
34.00%
.3.43%
-5.54%
2.12%
8.33%
66.00%
34.00%
-3.43%
-5.53%
2.10%
8.33%
66.00%
34.00%
-3.43%
.5.52%
2.09%
8.33%
66.00%
34.00%
-3.43%
5.51%
2.08%
8.33%
66.00%
34.00%
-3.43%
-5.50%
2.07%
8.33%
66.00%
34.00%
-3.43%
-5.49%
2.06%
8.33%
66.00%
34.00%
-3.43%
-5.47%
2.05%
8.33%
66.00%
34.00%
-3.43%
5.48%
2.05%
8.33%
66.00%
34.00%
-4.53%
-6.60%
2.07%
Summary Analysis Measures:
Revenues - % by month
Gross Profit Margin Percent
Cost of Goods Sold Percent
Operating Profit Margin
Net Profit Margin
Interest Cost/Sales
QJ.!!
0.44
-11004
-1.68
0.18
0.44
1004
-1.59
0.19
0.46
-9980
-1.60
0.20
0.49
-89~
61
0.21
0.52
.7950
-1.62
0.23
0.55
-6944
-1.63
0.24
059
-5945
-1.64
0.26
0.63
-49~
65
0.28
0.68
-3963
-1.65
0.30
0.74
-2981
-1.66
0.33
0.81
-2005
-1.67
0.37
0.89
-10~
67
0.43
0.99
~
-2.19
Liquidity Measures:
Acid Ratio
Current Ratio
Working Capital
EBITllnterest
~
0.63
0.39
0.07
0.93
1.59
0.63
0.39
0.07
0.93
.55
0.64
0.39
0.07
0.93
1.52
0.66
0.40
0.07
0.93
ill
0.67
0.40
0.07
0.93
ill
0.69
0.41
0.07
0.93
ill
0.70
0.41
0.07
0.93
1.39
0.72
0.42
0.07
0.93
1.36
0.73
0.42
0.07
0.93
~
0.75
0.43
0.07
0.93
111
0.76
0.43
0.06
0.94
1.28
0.78
0.44
0.06
0.94
1.26
0.79
0.44
0.07
0.93
Asset and Debt Measures:
Debt to EQUity
Equity to Debt
Net Worth to Total Assets
Current Assets to Total Assets
Fixed Assets to Total Assets
ill
14.74
24.43
~
9.69
1.63 1.64 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.73 1.74 1.75
14.74 14.74 14.74 14.74 14.74 14.74 14.74 14.74 14.74 14.74 14.74 14.74
24.43 24.43 24.43 24.43 24.43 24.43 24.43 24.43 24.43 24.43 24.43 24.43
..n __R~ u_ R.U ---- ---- --- - - - ----
---- __d --- --- ---- n__ ---- ---- -- --- .--- ----
24 24 24 24 24 24 24 24 24 24 24 24
-3203.29 -209.50 -108.10 -72.70 .54.69 -43.77 -36.46 -31.21 -27.26 -24.18 -21.72 -19.69
Operational Efficiency (annualized)
Asset T umover
Inventory Turnover
No. Days Supply in Inv.
Receivable Turnover
No. of Days Sales in Avg. Ree.
Length of Operating Cycle
SalesIWor1<ing Capital
11
page
.0.25
.0.10
0.57
0.04
20.97
602
Year
'[ill -0.21 I -021 I -0.211~ -0.231 -0.231 -0.241 -0.241 -0.251~
-0.11 -0.09 -0.09 -0.09 -0.09 -0.09 -0.09 -0.09 -010 -0.10 -0.10 -0.10
0.61 0.61 0.61 0.60 0.60 0.59 0.59 0.59 0.58 0.58 0.58 0.57
0.57 0.57 0.57 0,56 0.56 0.55 0.55 0.55 0.54 0.54 0.54 0.53
1.63 1.64 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.73 1,74 1,75
623 602 623 602 602 669 602 623 602 623 602 602
Profitability Measures (annualized)
Return on Equity
Return on Total Assets
Sales Efficiency Measures (annualized)
Total Assets to Net Revenues
Fixed Assets to Net Revenues
Sales to Total Assets
Revenues Per Day
Nile Valley Restaurant 4.xls
)
~
Year Two
Bl27/2007
FORCASTED FORECASTED FINANCiAl STATEMENTS
FORECASTED STATEMENT OF INCOME
..Mth 13 ..Mlh 14 ..Mth 15 ..Mth 16 ..Mth 17 ..Mlh 18 ..Mth19 ..Mth 20 .-Mth 21 ..Mth 22 ..Mlh 23 ..Mth 24 Total.
Sep-08 Oct-08 Nov.08 Dec.Q8 Jan.09 Feb.Q9 Mar.Q9 ADr.Q9 Mav.Q9 Jun.09 Jul.09 Aua-08 Percent
Net Sales 20,000 20,000 20.000 20,000 20.000 20,000 20,000 20,000 20,000 20.000 20,000 20.000 240,000 100.00%
Cost of Goods Sold 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6.800 6,800 6,800 81,600 34.00%
GROSS PROFIT 13,200 13,200 13.200 13,200 13.200 13,200 13.200 13.200 13,200 13.200 13,200 13,200 158,400 66.00%
Operating Expenses 12,738 12,538 12,538 12,538 12,538 12,538 12,538 12,538 12,538 12.538 12,538 12,538 150.660 62.78%
OPERATING INCOME (LOSS) 462 662 662 662 662 662 662 662 662 662 662 662 7,740 3.23%
Financial Expense, Interest 391 368 322 318 315 311 307 303 299 295 291 287 3,807 1.59%
INCOME (LOSS) BEFORE 71 294 339 343 347 351 355 359 363 367 371 375 3,933 1.64%
INCOME TAXES
Federal and state income taxes 0.00%
INET INCOME ClOSS 71 294 339 343 347 351 355 359 363 367 371 375 3933 1.64%
page
2-
Yea
FORECASTED STATEMENT OF RETAINED EARNINGS
..Mlh 13 ..Mlh 14 ..Mlh 15 ..Mlh 16 ..Mlh 17 ..Mlh 1B ..Mth 19 ..Mth 20 ..Mth 21 ..Mth 22 ..Mth 23 -Mth 24 T ol8l.
Seo.OB Oct-08 Nov.OB Dee.OB Jan.Q9 Feb-Q9 Mar.Q9 Anr.09 Mav.Q9 Jun.Q9 Jul.Q9 AUQ.Q9
Balance, beginning (12,160) (12,089) (11,795) (11,456) (11,113) (10,766) (10,415) (10,060) (9.701) {9,3381 (8,972) (8,601) (12,160)
Dividend Payments
Add net income (loss) 71 294 339 343 347 351 355 359 363 367 371 375 3,933
IBALANCE ENDING 112089 (11795 11456 11113 110766 10415 (10060 19701 9338 8972 (8601 (8 2271 82271
Nile Valley Restaurant 4.xls
8/27/2007
As 01
31.Aua Percent
4.229 3.67%
0.00%
5.000 4.34%
0.00%
0.00%
9229 8.01%
90,000 78.11%
0.00%
35,000 30.37%
0.00%
125.000 108.48%
19,000 16.49%
106 000 91.99%
0.00%
JE.229 100.00%
Year 2 - page
FORECASTED FINANCIAL STATEMENTS
.-Mth 24
Aua.Q9
..Mth 23
Jul-09
..Mth 22
Jun.Q9
..Mth 21
Mav-09
..Mth 20
Apr.Q9
..Mth 19
Mar-09
..Mth18
Feb.Q9
..Mth 17
Jan.09
..Mth 16
Dee.08
..Mth 15
Nov-08
..Mth 14
Oct.08
..Mth 13
Sep.08
BEGIN
01.Sap
FORECASTED BALANCE SHEET
4,229
3.87
3,514
3,156
2,798
2.440
2,083
1,725
367
1,009
652
500
CURRENT ASSETS
Cash
Trade Receivables,
Inventory
Work in PI
Prepaid E
5,000
5,000
5,000
5,000
5,000
5,000
5.000
5.000
5,000
5,000
5,000
5,000
ne
'ocess
xpenses
9,229
8.87
8,514
8,156
7,798
440
7.083
6,725
6,367
6,009
5,652
5,500
8,500
TOTAL CURRENT ASSETS
90.000
90,000
90.000
90,000
90,000
90,000
90.000
90.000
90,000
90,000
35.000
90,000
35,000
90.000
35,000
90,000
LEASEHOLD IMPROVEMENTS. EQUIPMENT,
LAND, BUILDINGS. at cost
and Improvements
Buildings
Land
Fumiture,
Vehicles
35,000
35,000
35,000
35,000
35,000
35,000
35,000
35,000
35,000
35.000
Fixtures & EQuipt
25.000
19,000
125,000
18.208
25.000
17,417
125.000
16,625
125,000
15,833
25.000
15,042
25.000
14,250
125,000
13,458
125,000
12,667
125,000
11.875
25.000
11.083
125,000
10,292
25,000 I
Total before Depre.
Less Accum. Depre.
106,000
06,792
107,583
108.375
109.167
109,958
0,750
542
12.333
3,125
13.917
114,708
5,500
TOTAL PLANT, EQUIPT & LANa
amort. cas
OTHER ASSETS
Intangibles. at
5.229
663
15
16,097
116,53
16,965
117,399
7,833
8,267
118,700
34
19
568
19
20.208
124.000
[TOTAl. ASSETS
balance sheet continued on next page
Nile Valley Restaurant 4.xls
812712007
FORECASTED FINANCIAL STATEMENTS
page
Vea
FORECASTED BALANCE SHEET cont.
BEGIN ..Mth 13 ..Mth 14 ..Mth 15 ..Mth 16 ..Mth 17 ..Mth 18 ..Mth 19 ..Mlh 20 ..Mth21 --Mth 22 ..Mth 23 -Mth 24 As 01
01.SeD SeD.08 Oct.08 Nov.o8 Dec.o8 Jan.09 Feb.09 Mar-09 Aor.o9 Mav-09 Jun.o9 Jul.09 Aua.09 31.Aua Percent
LIABILITIES
Short- T enn Notes :' 6,%4 0.00%
Plus Cur. Port. of L T Debt 9,443 9,490 9,537 9.584 9,631 9.679 9,727 9,775 9,824 9,872 9.921 9,971 10.020 10,020 8.70%
Accounts Payable 6,800 6,800 6,800 6,800 6,800 6.800 6,800 6,800 6,800 6,800 6,800 6,800 5.90%
Accrued Expenses 0.00%
Income Taxes Payable 0.00%
CURRENT LIABILITIES 19.504 16,454 16.337 16,384 16,431 16,479 16,527 16,575 16,624 16,672 16,721 16,771 16.820 16,820 14.60%
Long Tenn Liabilities 66,099 65,333 64,564 63,790 63,013 62,232 61,447 60.658 59,866 59,069 58.269 57.464 56 .656 56,656 49.17%
Less Cur. Port. 01 L T Debt 9,443 9,490 9,537 9,584 9,631 9,679 9,727 9,775 9,824 9,872 9,921 9.971 10,020 10,020 8.70%
LONG- TERM DEBT 56.656 55,843 55,027 54.206 53,382 52.553 51,720 50,883 50,042 49.197 48,347 47,494 46,636 46,636 40.47%
rTOT AL LIABILITIES 76160 72 297 71364 70 590 69813 69 032 68 247 67 458 66 666 65 869 65 069 64 264 63 456 63 456 55.07%
STOCKHOLDER'S EQUITY
Common Stoel< . '..'..'~.. 60.000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60.000 60,000 60.000 52.07%
Retained Earnings (12.089) (11,795) (11,456) (11,113) (10,766) (10,415) (10,060) (9,701) (9,338) (8,972) (8.601) (8,227) (8,227) .7.14%
TOTAL EQUITY 47 840 47911 48 205 48 544 48 887 49 234 49 585 49 940 50 299 50.662 51028 51399 51773 51,773 44.93"10
TOTAL LIAB. AND SH EQUITY 124000 120 208 119568 119134 118700 118267 117833 117399 116965 116531 116097 115663 115229 115229 100.00%
Nile Valley Restauran! 4.xls
8/27/2007
As 01
31-Aua Percent
3,933 16.93%
9,500 40.89%
0.00%
0.00%
0.00%
0.00%
3.000 12.91%
6.800 29.27%
0.00%
0.000/0
23 233 100.00%
--
-
(10,061) 51.58%
(9,443) 48.42%
0.00%
0.00%
9504 100.00%
3,729 88.18%
500 11.82%
4.229 100.00%1
Year 2. page 4
..Mth 24
AUQ-09
..Mth 23
Jul.09
-Mth 22
Jun-09
-Mth 21
Mav.09
FORCASTED FINANCIAL STATEMENTS
FORECASTED STATEMENT OF CHANGES IN FINANCIAL POSITION
.-Mth 20
Aor.09
-Mth 19
Mar-09
..Mth 18
Feb-09
..Mth17
Jan-09
.-Mth 16
Dec'()8
..Mth 15
Nav'()8
.-Mth 14
Oct.08
.-Mth 13
Sep.()8
375
792
371
792
367
792
363
792
359
792
355
792
351
792
347
792
343
792
339
792
294
6.800
792
71
792
3,000
FINANCIAL RESOURCES FROM OPERATIONS
Net Income (loss)
Items which did not require outlay of cash:
Depreciation
Amortization
(Increase) decrease in Trade
Receivables (net)
(Increase) decrease in Inventory
(Increase) decrease in Work-in-Process
(Increase) decrease in Prepaid Expenses
Increase (decrease) in Aces. Payable
Increase (decrease) in Accr. Expenses
Increase (decrease) in Income
Taxes Payable
166
162
58
154
150
146
43
139
135
7.885
3,863
CASH PROVIDED BY (USED IN) OPERATION
FINANCIAL RESOURCES FROM INVESTING
Sale (Purchase) of Bu.dings,
Improvements. Land, Furniture, Veh.
(6,964
(770
(3,097
(766
CASH USED (RECEIVED\FROM INVESTME
FINANCIAL RESOURCES FROM FINANCING
Increase (decrease) in Short-Term Notes
Increase (decrease) in Long-Term Debt
Increase (decrease) in Cant by Owner
Dividend Payments
(808
(804)
(801
797
(793
789
785
(781
(777
(773
808
4,229
358
3,871
804
358
3.514
3,87
801
358
3,156
3,514
797
358
2,798
3.156
793
358
2,440
2.798
(789
358
2.083
2.440
1785
358
1,725
2.083
781
358
1,367
1.725
777
358
1,009
1.367
73
009
358
652
733
152
500
652
3.863
500
500
CASH PROVIDED (USED) BY FINANCING
Cash Inflow (Outflow)
Cash, Beginning
ENDING
Nile Valley Restaurant 4.xls
CASH
812712007
page 5
Year 2
FORCASTED FINANCIAL 8T A TEMENT8
Mth 13 Mth14 Mth 15 Mth 16 Mth17 Mth 18 MIll 19 MIll 20 Mth 21 Mth22 Mth 23 Mth 24 T otats
Accounts Soo-08 Oct-08 Noy.08 Dec.08 Jan-09 Feb-09 Mar-09 Aor.09 Mav-09 Jun-09 Jul.09 Aua'09 Percent
'-:".F;i~l 4.000 4,000 4,000 4.000 4.000 4.000 4,000 4,000 4.000 4,000 4,000 4,000 48.000 20.00%
4,904 4,904 4,904 4,904 4,904 4,904 4,904 4,904 4,904 4,904 4,904 4.904 58.848 24.52"10
;;ayrol: 392 392 392 392 392 392 392 392 392 392 392 392 4,708 1.96%
t\dv8ltslnq 600 600 600 600 600 600 600 600 600 600 600 600 7.200 3.00%
200 200 200 200 200 200 200 200 200 200 200 200 2,400 1.00%
')uopiies 750 750 750 750 750 750 750 750 750 750 750 750 9,000 3.75%
100 100 100 100 100 100 100 100 100 100 100 100 1,200 0.50%
72 72 72 72 72 72 72 72 72 72 72 72 864 0.36%
20 20 20 20 20 20 20 20 20 20 20 20 240 0.10%
83 83 83 83 83 83 83 83 83 83 83 83 1.000 0.42"/,
600 600 600 600 600 600 600 600 600 600 600 600 7,200 3.00%
FeilTIlts 200 200 0.06%
Repairs and Maintenance 25 25 25 25 25 25 25 25 25 25 25 25 300 0.13%
Depreciation 792 792 792 792 792 792 792 792 792 792 792 792 9.500 3.96%
Amortization
TOTAL OPERATING EXPENSES 12738 12538 12538 12538 12538 12538 12538 12538 12538 12538 12538 12538 150 660 100.00%
Nile Valley Restaurant 4.xls
FORECASTED SCHEDULE OF OPERATING EXPENSES
~
I.
8/2712007
page 6
Year 2
FORCASTED FINANCIAL STATEMENTS
Mth 13 Mth 14 Mth 15 Mth 16 Mth17 Mth is Mth19 Mth 20 MtI1 21 Mth22 MtI1 23 Mth 24 Totals
SeD.OS Oct.OS Nov-oS Oee-OS Jan-09 Feb-09 Mar.09 Aor-09 Mav.Q9 Jun.Q9 Jul-09 Auo-09 Percent
Cost of Goods Sold 6,800 6,800 6,800 6.800 6,800 6.800 6,800 6,800 6,800 6,800 6,800 6,800 81,600 34.00%
-
OT AL COST OF GOODS SOLD 6800 6800 6800 6800 6800 6800 6800 6800 6800 6800 6800 6800 81800 100.00%
Nile Valley Restaurant 4.xls
FORECASTED SCHEDULE OF COST OF GOODS SOLD
8/27/2007
FORCASTED FINANCIAL STATEMENTS
DEPRECIATION SCHEDULE
Totals
6,000
Mth 24
Aug.09
500
Mth 23
Jul.Q9
500
Mth22
Jun.Q9
500
Mth 21
May.09
500
Mth 20
Apr.09
500
Mth 19
Mar.09
500
Mth 18
Feb-09
500
Mth17
Jan.09
500
Mth 16
Dee.08
500
Mth 15
Nov.08
500
Mth 14
Oct.08
500
Mth 13
Sep-08
500
Method
Cumulative
Cost
90,000
90.000
90,000
90,000
90,000
90,000
90,000
90,000
90.000
90.000
90,000
90,000
90,000
Cost
90,000
Life
Buildings and Improvements
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions August
000
3,500
500
292
500
292
500
292
500
292
500
292
500
292
500
292
500
292
500
292
500
292
500
292
500
292
35,000
35,000
35,000
35.000
35,000
35,000
35.000
35,000
35,000
35,000
35,000
35.000
35,000
90,000
35,000
Total
Furniture, Fixtures & Equipt.
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions Augus'
I
page
Vear 2
3500
292
292
292
292
292
292
292
292
292
292
292
292
~5000
on next oooe
deoreciation schedule cont
Total
Nile Valley Restaurant 4.xls
8/27/2007
FORCASTED FINANCIAL STATEMENTS
DEPRECIATION SCHEDULE
Totals
Mth 24
Aug.()9
Mth 23
Jul-09
Mth22
Jun.09
Mth 21
May.09
Mth20
Apr.09
Mth 19
Mar-09
Mth 1B
Feb-09
Mth 17
Jan-09
Mth 16
Dee-DB
Mth 15
Nov-08
Mth 14
Dct.08
Mth 13
Sep-08
Method
Cumulative
Cost
Cost
Life
Vehicles
Beginning
Additions Septembel
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions August
9,500
9,500
792
18,208
792
17.417
792
6.625
792
5.833
792
5,042
792
14,250
792
13.458
792
12,667
792
11,875
792
11.083
792
10.292
792
9,500
Total
page 8
Year Two
19.000
000
19
8,208
7.417
16.625
15,833
5.042
14.250
13.458
2,667
875
11
083
11
10,292
T alai depreciation expense
Plus beginning accumulated depreciation
Less eliminations
EDING ACCUMULATED DEPRECIATION
Nile Valley Restaurant 4.xls
8/27/2007
FORCASTED FINANCIAL STATEMENTS
page
Year
TRADE RECEIVABLES ANALYSIS
Mth 13 Mth 14 Mth 15 Mth 16 Mth 17 Mth lS Mth 19 Mth 20 Mth21 Mth 22 Mth 23 Mth 24
Seo-OS Oct.OS Nov.oS Dee.OS Jan.()9 Feb.()9 Mar.09 ADr.09 Mav.()9 Jun.()9 Jul-09 AUll.()9 Totals
20.000 20,000 20.000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20.000 20,000 240,000
TOTAL SALES 20 000 20 000 20 000 20 000 20 000 20000 20 000 20 000 20 000 20 000 20,000 20 000 240 000
Receipts Cash (1.00%) 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20.000 20,000 20,000 20,000 240.000
Receipts 30 Days (0.00%)
Receipts 60 Days (0.00%)
Receipts 90 Days (0.00%)
CASH RECEIPTS FROM SALES 20 000 20 000 20 000 20 000 20 000 20 000 20 000 20 000 20 000 20000 20000 20 000 240 000
TRADE RECEIVABLES
Nile Valley Restaurant 4.xls
Percent
10"
8/27/2007
Totals
--Mth 23
Jul-09
-.Mth 22
Jun-09
FORCASTED FINANCIAL STATEMENTS
-Mth 19
Mar-09
.-Mth 18
Feb-09
--Mth 17
Jan-09
--Mth 16
Dee-08
--Mth 15
Nov-08
-Mth 14
Oct-08
.-Mth 13
Sep-08
KEY MEASURES
00.00%
66.00%
34.00%
3.23%
1.64%
1.59%
8.33%
66.00%
34.00%
3.31%
1.87%
.44%
8.33%
66.00%
34.00%
3.31%
1.85%
1A6%
8.33%
66.00%
34.00%
3.31%
1.83%
1A8%
8.33%
66.00%
34.00%
3.31%
1.81%
1.50%
8.33%
66.00%
34.00%
3.31%
1.79%
.51%
8.33%
66.00%
34.00%
3.31%
1.77%
.53%
8.33%
66.00%
34.00%
3.31%
1.75%
.55%
8.33%
66.00%
34.00%
3.31%
1.74%
.57%
8.33%
66.00%
34.00%
3.31%
1.72%
1.59%
8.33%
66.00%
34.00%
331%
1.70%
.61%
8.33%
66.00%
34.00%
3.31%
1A7%
.84%
8.33%
66.00%
34.00%
2.31%
0.36%
1.95%
Summary Analysis Measures:
Revenues - % by month
Gross Profit Margin
Cost of Goods Sold
Operating Profit Margin
Net Profit Margin
Interest CosUSales
0.25
0.55
-7591
2.03
0.25
0.55
-7591
2.30
0.23
0.53
-7899
2.27
0.21
0.51
-8208
2.24
0.19
OA9
-8517
2.21
0.17
OA7
-8826
2.18
0.15
OA5
-9135
2.16
0.13
OA3
9444
2.13
0.10
OA1
-9754
2.10
0.08
0.39
0064
2.08
0.06
0.37
-10375
2.05
0.04
0.35
0685
1.80
0.03
0.33
0954
118
liquidity Measures:
Acid Ratio
Current Ratio
Worki~g Capital
EBITJlnterest
1.23
0.82
OA5
0.08
0.92
.23
0.82
OA5
0.08
0.92
1.25
0.80
0.44
0.08
0.92
.28
0.78
0.44
007
0.93
1.30
0.77
OA3
0.07
0.93
1.33
0.75
0.43
0.07
0.93
.35
0.74
OA3
0.06
0.94
1.38
0.73
OA2
0.06
0.94
AO
0.71
0.42
0.06
0.94
1.43
0.70
0.41
0.05
0.95
1A5
0.69
OA1
0.05
0.95
1.48
0.68
OAO
0.05
0.95
!.21
0.66
OAO
0.05
0.95
Asset and Debt Measures
Debito Equity
Equity to Debt
Net Worth to Total Assets
Current Assets to Total Assets
Fixed Assets to Total Assets
208
16.32
22.06
~
-31.62
2.00 201 2.01 2.02 2.03 2.04 2.04 2.05 2.06 2.07 207 208
16.32 16.32 16.32 16.32 16.32 16.32 16.32 16.32 16.32 16.32 16.32 16.32
22.06 22.06 2206 2206 22.06 22.06 22.06 22.06 22.06 22.06 22.06 22.06
-- --- --- - -- -- -- -- - - -- -
--- - -.-- --- -- -- -- - - - - -
22 22 22 22 22 22 22 22 22 22 22 22
-21.91 -22.46 -23.13 -23.85 -24.60 -25A1 -26.27 -27.19 -28.18 -29.24 -30.38 -31.62
Operational Efficiency (annualized)
Asset Turnover
Inventory T umover
No. Oays Supply in Inv.
Receivable Turnover
No. of Days Sales in Avg. Rec.
Length of Operating Cycle
Sales/Working Capital
10
0.08
0.03
0.48
0.04
24.99
667
Year 2 - page
0.02 0.09
0.01 0.04
0.50 0.50 0.50 0.49 OA9 OA91 0.49 OA9 OA9 0.48 0.48 OA8
OA8 0.47 OA7 0.47 OA6 OA61 OA6 0.45 OA5 OA5 0.44 0.44
2.00 2.01 2.01 2.02 2.03 2.041 2.04 205 2.06 2.07 2.07 208
690 667 690 667 667 741 667 690 667 690 667 667
Profitability Measures (annualized)
Return on Equity
Return on Total Assets
Sales Efficiency Measures (annualized)
Total Assets to Net Revenues
Fixed Assets to Net Revenues
Sales to Total Assets
Revenues Per Day
Nile Valley Restaurant 4.xls
'J
---'
~
~
Nile Valley Restaurant
Iowa City, IA; Expected Scenario
Forecasted Financial Statements
Submitted by
IIham Mohamed
8/27/2007
FORCASTED FINANCIAL STATEMENTS
FORECASTED STATEMENT OF INCOME
Mth1 Mth2 Mth 3 Mth4 Mth 5 Mth6 Mth7 Mth S Mth9 Mth 10 Mth 11 Mth 12 Totals
Summarv Sep-07 Oct-07 Nov-07 Dec.Q7 Jan-OS Feb-OS Mar-OS Aor-OS May.OS Juno08 Jul.QS AUQ-OS Percent
Net Sales 27000 27000 27000 27000 27000 27000 36000 36000 36000 36000 36000 36000 378000 100.00%
Cost of Goods Sold 9180 9180 9180 9180 9180 9180 12240 12240 12240 12240 12240 12240 128520 34 .00%
GROSS PROFIT 17820 17820 17820 17820 17820 17820 23760 23760 23760 23760 23760 23760 249480 66.00%
Operating Expenses 16741 16541 16541 16541 16541 16541 16541 16541 16541 16541 16541 16541 198692 52.56%
OPERATING INCOME (LOSS) 1079 1279 1279 1279 1279 1279 7219 7219 7219 7219 7219 7219 50788 13.44%
Financial Expense, Interest 374 370 367 363 359 356 352 348 345 341 337 334 4246 1.12%
INCOME (LOSS) BEFORE 705 909 912 916 920 923 6867 6871 6874 6878 6882 6885 46542 12.31%
INCOME TAXES
Federal and state income taxes 127 164 164 165 166 166 1236 1237 1237 1238 1239 1239 8377 2.22%
NET INCOME fLOSS 578 745 748 751 754 757 5631 5634 5637 5640 5643 5646 38164 10.10%
page
FORECASTED STATEMENT OF RETAINED EARNINGS
Mth 1 Mth 2 Mth3 Mth4 Mth 5 Mth6 Mth7 Mth S Mth9 Mth 10 Mth11 Mth 12 Totals
Sep-07 Oct.Q7 Novo07 Dee-07 Jan-OS Feb-OS Mar-08 Aor-OS May.QS Jun-OS Jul-OS AuaoOS
Balance, beginning 0 578 1324 2072 2823 3577 4334 9965 15598 21235 26875 32518 0
Dividend Payments 0 0 0 0 0 0 0 0 0 0 0 0 0
Add net income (loss) 578 745 748 751 754 757 5631 5634 5637 5640 5643 5646 38164
BALANCE ENDING 578 1324 2072 2823 3577 4334 9965 15598 21235 26875 32518 38164 38164
1-
Year
Nile Valley Restaurant 3xls
8/2712007
Year-end
200S Percent
43241 25.93%
0 0.00%
5000 300%
0 0.00%
3000 1.80%
51241 30.73%
90000 5398%
0 0.00%
35000 20.99%
0 0.00%
125000 74.97%
9500 5.70%
115500 69.27%
0 0.00%
166741 100.00%
Year 1 . page 2
FORCASTED FINANCIAL STATEMENTS
-Mth 12
Au~S
11
-.Mth
Jul-OS
..Mth10
Jun-OS
..Mth9
May-OS
..Mth S
Apr-08
--Mth 7
Mar-OS
..Mth 6
Feb-OS
-.Mth 5
Jan-OS
..Mth4
Dee-07
--Mth 3
Nov-07
..Mth2
Oct-07
-Mth
Sep-07
--MthO
01-Sap
FORECASTED BALANCE SHEET
43241
o
5000
o
3,000
36326
o
5000
o
3,000
33123
o
5000
o
3,000
26208
o
5000
o
3.000
19293
o
5000
o
3,000
13946
o
5000
o
3,000
7031
o
5000
o
3,000
6056
o
5000
o
3,000
5573
o
5000
o
3,000
4598
o
5000
o
3.000
3623
o
5000
o
3,000
2775
o
5000
o
3.000
2000
o
5000
o
3000
CURRENT ASSETS
Cash
Trade Receivables, net
Inventory
Work~n.Process
Preopening Expenses and Depos
51241
44326
41123
34208
27293
21946
15031
14056
3573
12598
1623
10775
10000
TOTAL CURRENT ASSETS
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
o
90000
o
35000
LEASEHOlD IMPROVEMENTS, EQUIPMENT,
LAND, BUILDINGS. at cost
Buildings and Improvements
Land
Furniture.
Vehicles
Fixtures & Equipt
125000
9500
5500
25000
8708
16292
25000
7917
17083
125000
7125
17875
125000
6333
18667
25000
5542
19458
125000
4750
120250
125000
3958
21042
25000
3167
121833
125000
2375
122625
25000
1583
23417
25000
792
124208
125000
25000
Total befOfe Depre.
Less Accum. Depre.
[IOTAL PLANT. EQUIPT. & LAND
166741
160618
58206
152083
145960
141404
135281
35097
135407
135223
135040
134983
135000
OTHER ASSETS
Goodwil
TOTAL ASSETS
Nile Valley Restaurant his
812712007
Year-end
200B Percenl
0 0.00%
9443 5.66%
0 0.00%
0 0.00%
2478 1.49%
11921 715%
66099 39.64%
9443 5.66%
56656 33.98%
68577 41.13%
60000 35.98%
38164 22.89%
98164 58.87%
166741 100.00%
Year 1- page 3
FORCASTED FINANCIAL STATEMENTS
--Mth 12
Aug-OB
--Mlh 11
Jul-OB
--Mth 10
Jun-OB
-Mth9
May-OS
..MlhB
Apr-OB
--Mth7
Mar-OB
--Mth 6
Feb-OB
..Mth5
Jan-OB
--Mth 4
Dee-07
..Mth 3
Nov-07
--Mth 2
Oct-07
-Mth 1
Sep-O?
FORECASTED BALANCE SHEET cont
--Mth 0
01-Sep
o
9443
o
o
2478
o
9397
o
o
239
o
9350
o
o
3712
o
9304
o
o
2474
o
9259
o
o
1237
o
9213
o
o
1568
o
9168
o
o
332
o
9123
o
o
166
o
9078
o
o
493
o
9033
o
o
328
o
8989
o
o
164
o
8945
o
o
127
o
o
o
o
o
o
LIABILITIES
Short-Term Notes
Plus Cur. Port. of L T Deb
Accounls Payable
Accrued Expenses
Income Taxes Payable
921
10635
3062
1778
10495
0781
9500
9288
957
9361
9153
9072
CURRENT LIABILITIES
66099
9443
66861
9397
67619
9350
68374
9304
69124
9259
69872
9213
70615
9168
71355
9123
72091
9078
72824
9033
73553
8989
74278
8945
75000
o
Long Term Liabilities
Less Cur. Port. of L T Deb
56656
57464
58269
59069
59866
60658
61447
62232
63013
63790
64564
65333
75000
LONG-TERM DEBT
68577
68100
71331
70848
70361
71439
70947
71520
72584
73152
73716
74405
75000
TOTAL LIABILITIES
STOCKHOlDER'S EQUITY
60000
38164
60000
32518
60000
26875
60000
21235
60000
15598
60000
9965
60000
4334
60000
3577
60000
2823
60000
2072
60000
1324
60000
578
60000
. 0
Common Stock
Retained Earnings
98164
166741
92518
160618
86875
158206
81235
152083
75598
145960
69965
141404
64334
35281
63577
135097
62823
35407
62072
135223
61324
135040
60578
134983
60000
35000
!TOTAL EQUITY
TOTAL LIAS. AND SH EQUITY
Nile Valley Restaurant 3.xls
8127/2007
Year.end
200S Percent
38.164 76.11%
9,500 18.95%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.478 4.94%
50,142 100.00%
0.00%
(8,901) 100.00%
0.00%
0.00%
8901 100.00%
41,241 95.37%
2,000 4.63%
43,241 100.00%
Year 1- page 4
FORCASTED FINANCIAL STATEMENTS
Mth 12
AUQ-08
Mth 11
Jul-OS
Mth 10
Jun-OS
Mth9
May-OS
Mth S
Apr-OB
Mth7
Mar-OB
Mth6
Feb.OB
FORECASTED STATEMENT OF CHANGES IN FINANCIAL POSITION
Mth 5
Jan-OS
Mth4
Dee-O?
Mth 3
Nov-O?
Mth 2
Oct-OJ
Mth 1
Sep-O?
5.646
792
5,643
792
5,640
792
5,637
792
5.634
792
5,631
792
757
792
754
792
75
792
748
792
745
792
578
792
FINANCIAL RESOURCES FROM OPERATIONS
cash:
Net Income (loss)
Items which did not require outlay of
Depreciation
Amortization
(Increase) decrease in Trade
Receivables (net)
(Increase) decrease in Inventory
(Increase) decrease in Work-in-Process
Increase) decrease in Prepaid Expenses
ncrease (decrease) in Aces. Payable
ncrease (decrease) in Accr. Expenses
ncrease (decrease) in Income
Taxes Payable
1.239
(2,473
1238
1.237
(331
1,236
166
(327)
165
164
37
127
7.677
3.961
7,670
7,666
6,094
7,659
715
219
708
704
574
497
CASH PROVIDED BY (USED IN) OPERATIONS
INVESTING
FINANCIAL RESOURCES FROM
Sale (Purchase) of Buildings.
mprovements, Land, Furniture. Veh.
CASH USED (RECEIVED) FROM INVESTMENT
FINANCIAL RESOURCES FROM FINANCING
Increase (decrease) in Short-Term Notes
Increase (decrease) in Long- Term Debt
Increase (decrease) in Conl by Owner
Dividend Payments
(762
(758
(755
(75
(747
(743
(740
(736)
(733
(729
(725
(722
1762
1758
1755
(75
747
743
740
736
733
29
1725
1722
USED) BY FINANCING
CASH PROVIDED
6.915
36.326
43,241
3,203
33,123
36,326
6,915
26,208
33,123
6,915
9,293
26.208
5,347
13.946
293
19
6,915
7,031
13.946
975
6.056
7,031
482
5,573
6.056
975
4,598
5,573
975
3,623
4,598
848
2,775
3,623
775
2,000
2,775
Cash Inflow (Outflow)
Cash, Beginning
Nile Valley Restaurant 3.xls
CASH. ENDING
8/2712007
FORCASTED FINANCIAL STATEMENTS
FORECASTED SCHEDULE OF OPERATING EXPENSES
Percent
2.70%
25.09%
2.21%
3.17%
0.79%
3.17%
0.32%
0.23%
0.06%
0.26%
1.90%
0.05%
0.08%
2.51%
ToIals
48000
94848
8340
12000
3000
12000
1200
864
240
1000
7200
200
300
9500
Mth 12
Aua-OS
4,000
7,904
695
1,000
250
1,000
100
72
20
83
600
792
25
Mth 11
Jut.OS
4,000
7,904
695
1.000
250
1,000
100
72
20
83
600
792
25
Mth 10
Jun-OS
4.000
7,904
695
1.000
250
1,000
100
72
20
83
600
792
25
Mth9
May.OS
4,000
7,904
695
1.000
250
1,000
100
72
20
83
600
792
25
Mth S
Apr-DS
4,000
7,904
695
1,000
250
1,000
100
72
20
83
600
792
25
Mth7
Mar.OS
4,000
7,904
695
1,000
250
1,000
100
72
20
83
600
792
25
Mth6
Fell-OS
4,000
7,904
695
1,000
250
1,000
100
72
20
83
600
792
25
Mth 5
Jan-DS
4.000
7,904
695
1,000
250
1,000
100
72
20
83
600
792
25
Mth4
Dee.07
4,000
7,904
695
1,000
250
1.000
100
72
20
83
600
792
25
Mth3
Nov-07
4,000
7,904
695
1,000
250
1,000
100
72
20
83
600
792
25
Mth 2
Oct.O?
4,000
7,904
695
1.000
250
1,000
100
72
20
83
600
792
25
Mth1
Sep.07
4,000
7,904
695
1,000
250
1,000
100
72
20
83
600
200
25
792
..dVf
'3upphe~
and Maintenance
Depreciation
Amortization
Repal
Accounts
1986921 1
Year 1 - page
1654
16541
16541
16541
16541
16541
16541
16541
16541
16541
16541
16741
TOTAl OPERATING EXPENSES
Nile VaHey Restaurant 3.xls
8127/2007
page
FORCASTED FINANCIAL STATEMENTS
IFORECASTED SCHEDULE OF COST OF GOODS SOLD I
Mth 1 Mth2 Mth3 Mth4 Mth5 Mth6 Mth 7 Mth8 Mth9 Mth 10 Mth 11 Mth 12 Totals
Accounts SeD-07 Oct-07 Nov.07 Dee-07 Jan-08 Feb-08 Mar-08 ADr-08 May-Q8 Jun-08 JIll-08 Aua-08 Percent
Cost of Goods Sold 9,180 9,180 9,180 9,180 9.180 9.180 12,240 12,240 12,240 12.240 12.240 12,240 128,520 34.00%
TOTAL COST OF GOODS SOLD 9180 9180 9180 9180 9180 9180 12240 12240 12240 12240 12240 12240 128520 34.00%
Nile Valley Restaurant 3.xls
Year
FORECASTED SCHEDULE OF COST OF GOODS SOLD
812712007
FOR CASTED FINANCIAL STATEMENTS
DEPRECIATION SCHEDULE
T atals
6.000
Mth 12
Aug-08
500
Mth 11
Jul-08
500
Mth 10
Jun-08
500
Mth9
May.08
500
Mth8
Apr-08
500
Mth 7
Mar-08
500
Mth6
Feb-08
500
Mth5
Jan-08
500
Mth4
O8c-07
500
Mth 3
Nov-07
500
Mth2
Oct.07
500
Mth 1
S~07
500
Method
'see below
Cumulative
Cost
90,000
90,000
90,000
90,000
90,000
90,000
90.000
90.000
90.000
90,000
90,000
90.000
90,000
Cost
Life
Buildings and Improvements
Beginning
Additions September
Addijions October
Additions November
Addruons December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Addruons July
Additions August
000
500
500
500
500
500
500
500
500
500
500
500
500
90.000
3.500
292
292
292
292
292
292
292
292
292
292
292
292
FumHure, Fixtures & Equip!.
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Addruons April
Additions May
Additions June
Additions July
Additions August
Total
page 7
3500
Year
292
292
292
292
292
292
292
292
292
292
292
292
35000
aoe
on nex
demel;iation schedule con
Nile Valley Restaurant3.xls
Total
8/27/2007
FORCASTED FINANCIAL STATEMENTS
DEPRECIATION SCHEDULE
Totals
Mth 12
Aug-08
Mth 11
Jul-08
Mth 10
Jun-08
Mth9
May-08
Mth 8
Apr-08
Mth7
Mar-08
Mth6
Feb-08
Mth 5
Jan-08
Mth4
Dec-07
Mth 3
Nov-07
Mth2
Oct-07
Mth 1
Sap-07
Method
Cumulative
Cost
Cost
Lne
Vehicles
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions August
9,500
792
8,708
792
7,917
792
7,125
792
6,333
792
5,542
792
4,750
792
3,958
792
3,167
792
2,375
792
1,583
792
792
792
Total depreciation expense
Plus beginning accumulated depreciation
Less eliminations
Total
page
9.500
Year
9.500
8.708
7,917
7.125
6,333
5,542
4.750
958
3.167
2.375
583
792
ENDING ACCUMULATED DEPRECIATION
Nile Valley Restaurant 3.xls
812712007
FORCASTED FINANCIAL STATEMENTS
page 9
TRADE RECEIVABLES ANALYSIS
Mth 1 Mth 2 Mth 3 Mth4 Mth 5 Mth 6 Mth 7 Mth 8 Mth9 Mth 10 Mth 11 Mth 12
Accounts SeD-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb.o8 Mar-08 ADr.o8 May-08 Jun-08 Jul-08 Aua'()8 Totals
Sales 27,000 27.000 27,000 27,000 27,000 27,000 36,000 36,000 36,000 36,000 . 36,000 36,000 378.000
TOTAL SALES 27000 27000 27000 27000 27000 27000 36000 36000 36000 36000 36000 36000 378000
" Receipts Cash (1.00%) 27,000 27,000 27,000 27.000 27,000 27,000 36,000 36,000 36.000 36.000 36,000 36,000 378,000
:, Receipts 30 Days (0.00%)
: Receipts 60 Days (0.00%)
: Receipts 90 Days (0.00%)
Receipts from Previous Year
CASH RECEIPTS FROM SALES 27000 27000 27000 27000 27000 27000 36000 36000 36000 36000 36000 36000 378000
TRADE RECEIVABLES 0 0 0 0 0 0 0 0 0 0 0 0 0
Nile Valley Restaurant 3.xls
Yea
Pe
8f27r2007
I LOAN 14 I
10
50%
o
38
o
AMORTIZATION SCHEDULE
T.""
InlerestRate
BaQ Balance
Start Month
Payment
ILDAN#3 I
10
SO%
o
26
o
FORCASTED FINANCIAL STATEMENTS
AMORTIZATION SCHEDULE
T.""
Interest Rate
BeQBalance
Start Month
Payment
I LOAJU2 I
7
4.00~1D
25000
I
3.2
AMORTIZATION SCHEDULE
T.""
Interest Rate
BeQ Balance
Start Month
Payment
AMORTIZATION SCHEDULE I LOAN #1
Term 700
Interest Rate 6.97%
BeQ Balance SOOOO
SlartMonlh 1
Payment 754
DATE # PAYMENT INT PRlN BALANCE
Sep-07 0 0 0 0 0
Sep-07 I 0 0 0 0
Ocl-07 2 0 0 0 0
Nov-07 3 0 0 0 0
Dee-07 4 0 0 0 0
Jan-08 5 0 0 0 0
F,l>-08 6 0 0 0 0
Mar-08 7 0 0 0 0
Apr-08 8 0 0 0 0
May-OB 9 0 0 0 0
Jun-08 10 0 0 0 0
M-08 II 0 0 0 0
AUQ-08 12 0 0 0 0
:~~I 13 0 0 0 0
14 0 0 0 0
Nov-08 15 0 0 0 0
Dec-08 16 0 0 0 0
Jan-09 17 0 0 0 0
Feh-09 18 0 0 0 0
Mar-09 19 0 0 0 0
Apr-09 20 0 0 0 0
May-09 21 0 0 0 0
Jun--09 22 0 0 0 0
Jul.Q9 23 0 0 0 0
AUQ-09 24 0 0 0 0
Sep..Q9 25 0 0 0 0
Oct -09 26 0 0 0 0
Nov-09 27 0 0 0 0
Dec-09 28 0 0 0 0
Jan-l0 29 0 0 0 0
Feb-lO 30 0 0 0 0
Mar-1Q 31 0 0 0 0
Apr-10 32 0 0 0 0
May-10 33 0 0 0 0
Jun-10 34 0 0 0 0
I Jul-10 35 0 0 0 0
AUQ-10 36 0 0 0 0
58p-10 37 0 0 0 0
OcI-l0 38 0 0 0 0
Nov-1Q 39 0 0 0 0
Dee-10 40 0 0 0 0
page 10
y,ar
DATE # PAYMEN INT PRIN. BALANCE
S.1>-07 D 0 0 0 0
Sol>-07 1 0 0 0 0
Ocl-07 2 0 0 0 0
Nov-07 3 0 0 0 0
Dec-07 4 0 0 0 0
Jan-08 5 0 0 0 0
Feb-08 6 0 0 0 0
Mar-OS 7 0 0 0 0
Apr-08 8 0 0 0 0
May-08 9 0 0 0 0
Jun..()8 10 0 0 0 0
Jul-08 II 0 0 0 0
Auq-Oe 12 0 0 0 0
Sep-Q8 13 0 0 0 0
Ocl-08 14 0 0 0 0
Nov-08 15 0 0 0 0
Dec-08 16 0 0 0 0
Jan-09 17 0 0 0 0
Fah-09 18 0 0 0 0
Mar-09 19 0 0 0 0
Aor-09 20 0 0 0 0
Mav..09 21 0 0 0 0
Jun-09 22 0 0 0 0
Jul-09 23 0 0 0 0
AUQ-09 24 0 0 0 0
Sep-09 25 0 0 0 0
Oct-09 26 0 0 0 0
Nov.09 27 0 0 0 0
Dec-09 28 0 0 0 0
Jan:10 29 0 0 0 0
Feb-10 30 0 0 0 0
Mar-10 31 0 0 0 0
Apr-10 32 0 0 0 0
May-l0 33 0 0 0 0
Jun-10 34 0 0 0 0
Jul-10 35 0 0 0 0
AUQ-10 36 0 0 0 0
5ep-10 37 0 0 0 0
001-10 38 0 0 0 0
Nov-10 39 0 0 0 0
Dac-10 40 0 0 0 0
DATE # PAYMENT INT. PRIN. BALANCE
Sep-07 0 0 0 0 25,000
Sep-()7 1 342 83 258 24.742
Oct-07 2 342 82 259 24.482
Nov-07 3 342 82 260 24,222
Oec-07 4 342 81 261 23,961
Jan-OB 5 342 80 262 23.699
Falr08 6 342 79 263 23.437
Mar-08 7 342 78 264 23.173
Apr-08 8 342 77 264 22,909
Mav-08 9 342 76 265 22.543
Jun-08 10 342 75 266 22.377
Jul-08 11 342 75 267 22.110
AUQ-08 12 342 74 268 21.842
Sep-08 13 342 73 269 21,573
Oct-08 14 342 72 270 21.303
Nov-08 15 342 71 271 21,032
Oec-08 16 342 70 272 2O}61
Jan-09 17 342 69 273 20.488
Feb-09 18 342 68 273 20.215
Mar-09 19 342 67 274 19,941
Aor-09 20 342 66 275 19.665
May-09 21 342 66 276 19.389
Jun-09 22 342 65 277 19,112
Jul-09 23 342 64 278 18.834
Aul>-09 24 342 63 279 18.555
Sep-09 25 342 62 280 18,275
Oct-09 26 342 61 281 17,994
Noy-09 27 342 60 282 17.713
Dec-09 29 342 59 283 17.430
Jal'l-10 29 342 58 284 17,146
Feb-l0 30 342 57 285 16.862
Mar.10 31 342 56 286 16,576
Apr-10 32 342 55 286 16.290
May-l0 33 342 54 287 16,002
Jun-10 34 342 53 288 15.714
Jul-l0 35 342 52 289 15.425
AUQ-10 36 342 51 290 15,134
Sep-10 37 342 SO 291 14,843
Oct-10 38 342 49 292 14,551
Nov-10 39 342 49 293 14.268
Oec-10 40 342 48 294 13963
DATE # PAYMENT INT PRIN BALANCE
Sel>-07 0 0 0 0 50000
SOl>-07 I 754 290 463 49,537
Oot-07 2 754 288 466 49,070
Nov-07 3 754 285 469 48,601
Dec-07 4 754 282 472 48,130
Jan-08 5 754 260 474 47.656
Fob-08 6 754 277 477 47.178
Mar-08 7 754 274 480 46,699
Apr-08 8 754 271 483 46.216
May-08 9 754 268 485 45.730
Jun-08 10 754 266 488 45.242
Jul-08 11 754 263 491 44.751
AuQ-08 12 754 260 494 44,257
Sep-08 13 754 257 497 43.760
Oct.08 14 754 254 500 43.260
Nov-08 15 754 251 503 42.758
Doc-08 16 754 248 S06 42,252
Jan-09 17 754 245 S08 41.744
Fob-09 18 754 242 511 41,232
Mer-09 19 754 239 514 40.718
Apr-09 20 754 237 517 40,201
May-09 21 754 233 520 39,680
Jun-09 22 754 230 523 39.157
Jul-09 23 754 227 526 38.630
Au0-09 24 754 224 530 38.101
S.p-09 25 754 221 533 37.688
Oct-09 26 754 218 536 37.032
No....-09 27 754 215 539 36.494
Dec-09 28 754 212 542 35.952
Jan-10 29 754 209 545 35.407
Fob.l0 30 754 206 548 34.858
Mar-lO 31 754 202 551 34.307
Apr-10 32 754 199 555 33.752
Mav-10 33 754 196 558 33.194
Jun-10 34 754 193 561 32,633
J<Jl.l0 35 754 190 564 32,069
Auq-10 36 754 186 568 31,501
Sop-I 0 37 754 183 571 30,930
Oct-10 38 754 180 574 30,356
Nov-10 39 754 176 578 29,779
Oac-10 40 754 173 581 29.198
Nile Vallev ReslauranI3.);/'
8/27/2007
FORCASTED FINANCIAL STATEMENTS
Totals
Mth 12
Aug.()S
Mth 11
Jul-OS
Mth 10
Jun..oS
Mth7
Mar-OS
Mth 6
Feb-OS
Mth 5
Jan-OS
Mth4
Dec-07
Mth 3
Nov-07
Mth2
Oct-07
Mth 1
Sep-07
KEY MEASURES
00.00%
66.00%
34.00%
13.44%
10.10%
1.12%
9.52%
66.00%
34.00%
20.05%
15.68%
0.93%
9.52%
66.00%
34.00%
20.05%
15.67%
0.94%
9.52%
66.00%
34.00%
20.05%
15.67%
0.95%
9.52%
66.00%
34.00%
20.05%
15.66%
0.96%
9.52%
66.00%
34.00%
20.05%
15.65%
0.97%
9.52%
66.00%
34.00%
20.05%
15.64%
0.98%
7.14%
66.00%
34.00%
4.74%
2.80%
1.32%
7.14%
66.00%
34.00%
4.74%
2.79%
1.33%
7.14%
66.00%
34.00%
4.74%
2.78%
1.34%
7.14%
66.00%
34.00%
4.74%
2.77%
1.36%
7.14%
66.00%
34.00%
4.74%
2.76%
1.37%
7.14%
66.00%
34.00%
4.00%
2.14%
1.38%
Summary Analysis Measures:
Revenues - % by month
Gross Profit Margin Percent
Cost of Goods Sold Percent
Operating Profit Margin
Net Profit Margin
Interest CosUSale:
3.88
4.30
39320
11.96
3.88
4.30
39320
21.64
3.70
ilZ.
33691
21.40
2.77
ill
28061
21.16
2.48
2.90
22430
20.94
L11
2.60
16798
20.72
li!.
2.04
1J.12?
20.50
1.06
1.58
5531
3.59
0.97
!21
4767
3.56
0.90
li?
4003
3.52
0.81
~
3237
3.49
0.72
l1Z.
2470
3.45
0.64
ill
1703
2.89
Liquidity Measures:
Acid Ratio
Current Ratio
Worldng Capital
EBITllnterest
0.70
ill
0.59
0.31
0.69
0.70
lli
0.59
0.31
0.69
0.74
1.36
0.58
0.28
0.72
0.82
11f.
0.55
0.26
0.74
0.87
ill
0.53
0.22
0.78
0.93
1.07
0.52
0.19
0.81
1.02
0.98
0.49
0.16
0.84
1JQ
0.91
0.48
0.11
0.89
1.12
0.89
0.47
0.10
0.90
~
0.87
0.46
0.10
0.90
ill
0.85
0.46
0.09
0.91
11Q.
0.83
0.45
0.09
0.91
1.23
0.81
0.45
0.08
0.92
Asset and Debt Measures:
Debt to Equity
Equity to Debt
Net Worth to Total Assets
Current Assets to Total Assets
Fixed Assets to Total Assets
2.27
25.70
14.01
14
9.61
2.40 2.40 2.40 2.39 2.40 2.40 3.06 2.96 2.84 2.73 2.69 2.59
22.03 22.03 22.03 22.03 22.03 22.03 29.38 29.38 29.38 29.38 29.38 29.38
16.34 16.34 16.34 16.34 16.34 16.34 12.25 12.25 12.25 12.25 12.25 12.25
wnw --- --- --- -- ---- --- ---- .- --- --- ---
wn_ --- -- d__ --- --- ---- ---- .- --- _u_ ----
16 16 16 16 16 16 12 12 12 12 12 12
190.24 131.15 100.09 80.95 67.96 58.58 38.69 25.72 19.26 15.40 12.82 10.99
Operational Efflciency (annualized)
Asset Turnover
Inventory Turnover
No. Days Supply in Inv.
Receivable T umover
No. of Days Sales in Avg. Rec.
Length of Operating Cycle
SalesIWorking Capital
11
page
0.39
0.23
0.44
0.03
27.20
1050
Yea
~I 0.141~ 0.14 0.97 0.89 0.83 0.78 0.73 0.69
0.07 0.07 0.Q7 0.07 0.48 0.46 0.44 0.43 0.42 0.41
-
0.42 0.42 0.42 0.33 0.34 0.35 0.37 0.39
0.38 0.38 0.37 0.28 0.27 0.27 0.27 0.27
2.40 2.39 2.40 3.06 2.96 2.84 2.73 2.59
931 900 900 1200 1241 1200 I 1241 1200
0.15
0.07
0.42
0.38
2.40
900
Q11.
0.05
0.42
0.38
2.40
931
Profitability Measures (annualized)
Return on Equity
Return on Total Assets
Sales Efficiency Measures (annualized)
Total Assets to Net Revenues
Fixed Assets to Net Revenues
Sales to Total Assets
Revenues Per Day
Nile Valley Restaurant 3xis
'-\
.-"--
~
Year Two
8/2712007
FORCASTED FORECASTED FINANCIAL STATEMENTS
FORECASTED STATEMENT OF INCOME
-Mth 13 ..Mth 14 ..Mth 15 -Mth 16 ..Mth 17 nMth 18 ..Mth 19 ..Mth 20 ..Mth 21 ..Mth 22 ..Mth 23 ..Mth 24 Totals
S...,.08 Oct.08 Noy.08 Dee.08 Jan.09 Feb.09 Mar.09 Aor.09 Mav.09 Jun.09 Jut.09 Auo-08 Percent
Net Sales 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 432,000 ~1
Cost of Goods Sold 12.240 12,240 12,240 12,240 12,240 12.240 12,240 12.240 12,240 12,240 12.240 12,240 146.880 -=0
GROSS PROFIT 23,760 23,760 23,760 23,760 23,760 23,760 23,760 23,760 23,760 23,760 23,760 23,760 285,120 -=1
Operating Expenses 16.241 16,041 16,041 16,041 16,041 16,041 16,041 16,041 16,041 16,041 16,041 16,041 192,692 -=0
OPERATING INCOME (LOSS) 7,519 7,719 7,719 7,719 7,719 7,719 7,719 7,719 7,719 7,719 7,719 7,719 92,428 -=0
Financial Expense, Interest 330 326 322 318 315 311 307 303 299 295 291 287 3,704 -=0
INCOME (LOSS) BEFORE 7,189 7,393 7,397 7,401 7,404 7,408 7,412 7,416 7,420 7,424 7,428 7,432 88.724 ~O
INCOME TAXES
Federal and state income taxes 1,294 1,331 1,331 1,332 1,333 1.333 6,495 2,076 2,078 2,079 6,957 2,527 30,166 -=0
INET INCOME LOSS) 5895 6,062 6065 6068 6072 6075 918 5340 5342 5345 471 4905 58558 -0
page
Year 2
Totals
38,164
58.558
96,722
FORECASTED STATEMENT OF RETAINED EARNINGS
nMth 24
Aug.09
..Mth 23
Jul.09
--Mth 22
Jun.09
..Mth 21
May.09
.Mth 20
Apr-09
nMth 19
Mar.Q9
.-Mth 18
Feb.09
-Mth17
Jan.09
nMth 16
Dee.08
..Mth 15
Noy.OS
-Mth 14
Oct-OS
..Mth 13
Sep.OS
91.817
91,346
86,00
80,659
75,319
74,402
68,327
62,255
58.187
50,12
44.059
38.164
Balance, beginning
Dividend Payments
4,905
96,722
47
91.817
5,345
91.346
5,342
86,001
5,340
80,659
918
75,319
6,075
74,402
6.072
68,327
6,068
62.255
6.065
56,187
6,062
121
50
5,895
44,059
(loss
BAlANCE, ENDING
Add net Income
Nile Valley Restaurant 3.xls
8/2712Q07
As 01
31-Aua Percent
124,102 52.79%
0.00%
5,000 2.13%
0.00%
0.00%
129102 54.91%
90,000 38.28%
0.00%
35,000 14.89%
0.00%
125,000 53.17%
19,000 8.08%
106 000 45.09%
0.00%
235,102 100.00%1
Year 2 - page 2
FORECASTED FINANCIAL STATEMENTS
-Mth 24
Aua.Q9
-Mth 23
Jul.Q9
-Mth 22
Jun.Q9
..Mth 21
May-Q9
..Mth 20
Apr.Q9
..Mth 19
Mar.()9
..Mth 1B
Feb.Q9
nMth 17
Jan.Q9
..Mth 16
Dee.OB
..Mth 15
Nov.OB
nMth 14
Oct.OB
..Mth 13
Sep.OB
BEGIN
01.Sep
FORECASTED BALANCE SHEET
124,102
16,687
5,504
08.089
00,674
02,420
95,005
87,590
84,169
76,754
69,339
53,456
CURRENT ASSETS
Cash
Trade Receivables, net
Inventory
Work in Process
Prepaid Expenses
5.000
5,000
5,000
5,000
5.000
5,000
5,000
5,000
5,000
5,000
5.000
5,000
02
29
121,687
120,504
3.089
105,674
107,420
100,005
92,590
89.169
81,754
74,339
58,456
51.241
TOTAL CURRENT ASSETS
LEASEHOLD IMPROVEMENTS, EQUIPMENT,
LAND, BUILDINGS. at cost
90,000
90,000
90,000
90,000
90.000
90,000
90,000
90,000
90.000
90,000
90,000
90.000
90,000
35,000
Buildings and Improvements
Land
Furniture,
Vehicles
35,000
35.000
35.000
35,000
35,000
35,000
35.000
35.000
35,000
35,000
35.000
35,000
Fixtures & Equip!.
25,000
19,000
125.000
18.208
125,000
17,417
25,000
16,625
125,000
15.833
25,000
15,042
25.000
14,250
25,000
13,458
25,000
12.667
25,000
11,875
25,000
11,083
25,000
10,292
25,000
Total before Depre.
Less Accum. Depre.
106.000
106.792
107,583
108,375
109.167
109,958
0.750
542
12.333
3,125
3.917
4,708
15,500
LAN
TOTAL PLANT, EQUIPT. &
OTHER ASSETS
Intangibles, at amort. cost
235.102
228,478
228.088
464
221
214,841
217,378
210.755
204,132
503
20
194,879
188.256
184
73
66.741
TOTAL ASSETS
balance sheet continued on next page
Nile Valley Restaurant 3.xls
8/27/2007
As 01
31.Aua Percent
0.00%
10,020 4.26%
12,240 5.21%
0.00%
9,484 4.03%
31.744 13.50%
56.656 24.10%
10,020 4.26%
46,636 19.84%
78,380 33.34%
60.000 25.52%
96,722 41.14%
156722 66.66%
235,102 100.00%1
Vear 2 - page 3
FORECASTED FINANCIAL STATEMENTS
..Mth 23 InMth 24
Jul-09 Aua.1J9
..M1h 21 1..Mth 22
May.09 Jun.09
..Mth 20
Apr.09
..Mth 19
Mar.09
..M1h 18
Feb-09
..Mth 17
Jan-09
..Mth 16
Dee.OS
..Mth 15
Noy.OB
..Mth 14
Oct.OB
..Mth 13
Sap.OB
FORECASTED BALANCE SHEET cant.
BEGIN
01.$ep
LIABILITIES
Short-Term Notes
Plus Cur. Port of L T Debt
Accounts Payable
Accrued Expenses
Income Taxes Payable
10,020
12,240
9,971
12.240
9,921
12,240
9,872
12,240
9.824
12,240
9,775
2,240
9,727
12.240
9,679
12,240
9,631
12,240
9,584
12,240
9,537
12.240
9,490
9,443
9.484
6,957
6.233
4,154
2,076
9.16
2,666
333
3,994
2,662
33
3,772
2,478
31,744
29,168
28,394
26,266
24,140
76
31
24,633
23,252
25.866
24,486
23,107
13,262
92
11
CURRENT LIABILITIES
56,656
10,020
57,464
9,971
58,269
9,921
59.069
9,872
59,866
9,824
60,658
9,775
61,447
9.727
62,232
9,679
63.013
9,631
63,790
9,584
64,564
9,537
65,333
9,490
66,099
9.443
Long Term Liabilities
Less Cur. Port. of L T Deb
46,636
47,494
48.347
49,197
50,042
50,883
51,720
52,553
53,382
54,206
55,027
55.843
56,656
LONG-TERM DEBT
78,380
76,662
76.742
463
75
74,182
82,059
76,354
75,805
79,247
78,692
34
78
69,105
68,577
fTOT AL LIABILITIES
STOCKHOLDER'S EQUITY
60,000
96,722
60,000
91,817
60.000
91.346
60,000
86,001
60,000
80,659
60,000
75,319
60,000
74,402
60,000
68.327
60,000
62.255
60,000
56.187
60,000
50,121
60,000
44,059
Common Stock
Retained Earnings
56.722
235.102
151,817
228.478
51,346
228,088
148.00
221,464
140,659
214,841
35.319
217,378
34,402
210.755
128,327
204,132
22,255
201,503
6,187
94.879
10,121
188.256
104,059
173,164
98,164
166.741
TOTAL EQUITY
ITOT AL L1AB. AND SH EQUITY
Nile Valley Restaurant 3.xls
8/27/2007
As of
31.AuQ Percent
58.558 64.85%
9,500 10.52".-b
0.00%
0.00%
0.00%
0.00%
3.000 3 32".-b
12,240 13.55%
0.00%
7,006 7.76%
90 304 100.00%
-
-
0.00%
(9,443) 100.00%
0.00%
0.00%
(9,443' 100.000/.
80.861 65.16%
43.241 34.84%
24,102 100.00%
Year 2 - page 4
..Mth 24
Aug.09
..Mth 23
Jul.09
FORCASTED FINANCIAL STATEMENTS
FORECASTED STATEMENT OF CHANGES IN FINANCIAL POSITION
..Mth 22
Jun.Q9
..Mth 21
May.09
..Mth 20
Apr.Q9
..Mth 19
Mar.Q9
-Mth 18
Feb.Q9
..Mth 17
Jan.Q9
..Mth 16
Oec.08
..Mth 15
Nov.Q8
..Mth 14
Oct.08
..Mth 13
Sep.08
4,905
792
47
792
5,345
792
5,342
792
5,340
792
918
792
6,075
792
6,072
792
6,068
792
6,065
792
6.062
792
12,240
5.895
792
3.000
FINANCIAL RESOURCES FROM OPERA nONS
cash:
Net Income (loss)
Items which did not reQuire outlay 0
Depreciation
Amortization
(Increase) decrease in Trade
Receivables (net)
(Increase) decrease in Inventory
(Increase) decrease in Work-in-Process
(Increase) decrease in Prepaid Expenses
Increase (decrease) in Accs. Payable
Increase (decrease) in Accr Expenses
Increase (decrease) in Income
Taxes Payable
2,527
725
2,079
2,078
(7,084)
6,495
333
(2,661
1,332
1,33
(2,441
,294
8.224
987
8,216
8.212
953
8.204
8,200
4,202
8.192
8,188
6,652
10.981
CASH PROVIDED BY (USED IN)OPERA TION
FINANCIAL RESOURCES FROM INVESTING
Sale (Purchase) of Buildings,
Improvements, Land, Furniture, Veh.
CASH USED (RECEIVED) FROM INVESTME
FINANCIAL RESOURCES FROM FINANCING
Increase (decrease) in Short.Term Notes
Increase (decrease) in Long.Term Debt
Increase (decrease) in ConI. by Owner
Dividend Payments
808
(804
80
797
793
(789
785
78
777
(773)
(770)
(766
808
804
801
79
793
789
85
fl81
JlJJl
(773
770
766
CASH PROVIDED (USED) BY FINANCING
7,415
116,687
124,102
1,182
15,504
16,687
7,415
108.089
504
15
7,415
100,674
108.089
(1,746)
102,420
100,674
7,415
95,005
102.420
7,415
87,590
95.005
3,421
84,169
87,590
7,415
76,754
169
84
7,415
69,339
76,754
15,883
53,456
69,339
10.215
43,241
53.456
Cash Inflow (Outflow)
Cash, Beginning
CASH, ENDING
Nile Valley Restaurant 3.xls
8/27/2007
FDRCASTED FINANCIAL STATEMENTS
FORECASTED SCHEDULE OF OPERATING EXPENSES
page 5
Yea
Percen
11.11%
21.96%
1.93%
1.11%
0.69%
2.78%
0.28%
0.20%
0.06%
0.23%
1.94%
0.05%
0.D7%
2.20%
100.00%
Totals
48.000
94.848
8,340
4,800
3,000
12.000
1.200
864
240
1.000
8,400
200
300
9,500
192,692
Mth 24
AUQ-09
4,000
7,904
695
400
250
1,000
100
72
20
83
700
792
16041
25
Mth 23
Jul.09
4,000
7,904
695
400
250
1,000
100
72
20
83
700
792
16041
25
Mth22
Jun.09
4.000
7,904
695
400
250
1,000
100
72
20
83
700
792
16041
25
Mth21
Mav-09
4,000
7,904
695
400
250
1,000
100
72
20
83
700
792
1604
25
Mth 20
Apr.09
4,000
7,904
695
400
250
1.000
100
72
20
83
700
792
16041
25
Mth 19
Mar-09
4.000
7,904
695
400
250
1,000
100
72
20
83
700
792
16041
25
Mth 1B
Feb.09
4,000
7,904
695
400
250
1,000
100
72
20
83
700
792
16041
25
Mth17
Jan-09
4,000
7,904
695
400
250
1,000
100
72
20
83
700
25
792
16041
Mth 16
Dee.OB
4,000
7,904
695
400
250
1.000
100
72
20
83
700
792
16041
25
Mth 15
Noy-OB
4,000
7.904
695
400
250
1,000
100
72
20
83
700
792
16041
25
Mth 14
Oct-OB
4,000
7,904
695
400
250
1,000
100
72
20
83
700
792
16041
25
Mth 13
Sep-08
4,000
7,904
695
400
250
1.000
100
72
20
83
700
200
25
792
16,241
r;hl
TOTAL OPERATING EXPENSES
Nile Valley Restaurant 3.xls
F!,epalfS and
Depreciation
Amortization
Accounts
8I'l7 12007
page 6
Year
FORCASTED FINANCIAL STATEMENTS
Mth 13 Mth 14 Mth 15 Mth 16 Mth17 Mth 1B Mth 19 Mth 20 Mth 21 Mth22 Mth 23 Mth 24 Totals
SeD-DB Oct-DB Nov-DB Dec-DB Jan-D9 Feb-09 Mar-D9 ADr-09 May-09 Jun-D9 Jul-09 Auo-09 Percent
Cost of Goods Sold 12,240 12,240 12,240 12,240 12.240 12,240 12,240 12,240 12,240 12.240 12,240 12.240 146,880 34.00%
TOTAL COST OF GOODS SOLD 12240 12240 12240 12240 12240 12240 12240 12240 12240 12240 12240 12240 146880 100.00%
Nile Valley Restaurant 3.xls
FORECASTED SCHEDULE OF COST OF GOODS SOLD
8/2712007
FORCASTED FINANCIAL STATEMENTS
DEPRECIATION SCHEDULE
Totals
6.000
Mth 24
Aup-09
500
Mth 23
Jul-09
500
Mth22
Jun-09
500
Mth 21
May-09
500
Mth 20
Apr-09
500
Mth 19
Mar-09
500
Mth 18
Feb-09
500
Mth17
Jan-09
soo
Mth 16
Dee-08
500
Mth 15
Nov-08
500
Mth 14
Oct-08
500
Mth 13
SeP-()8
500
Method
Cumulative
Cost
90,000
90,000
90.000
90.000
90,000
90,000
90,000
90,000
90,000
90.000
90,000
90,000
90.000
Cost
90,000
Life
Buildings and Improvements
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions August
000
3,500
500
292
500
292
soo
292
500
292
500
292
500
292
500
292
500
292
500
292
soo
292
500
292
500
292
35,000
35,000
35,000
35,000
35,000
35,000
35.000
35.000
35,000
35,000
35,000
35,000
35,000
90,000
35,000
Total
Fum~ure, Fixtures & Equip!.
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions August
page 7
Vear 2
3500
292
292
292
292
292
292
292
292
292
292
292
292
35000
reciation schedule cont on next paQe
de
Total
Nile Valley Restauranl3.xls
8/27/2007
FORCASTED FINANCIAL STATEMENTS
DEPRECIATION SCHEDULE
Totals
Mth 24
AIlll-09
Mth23
Jul-09
Mth22
Jun.09
Mth 21
May.09
Mth 20
Apr.09
Mth 19
Mar.Q9
Mth 18
Feb.09
Mth17
Jan.09
Mth 16
Dec.Q8
Mth 15
Nov.08
Mth 14
Oct.08
Mth 13
Sep-08
Method
Cumulative
Cost
Cost
LHe
Vehicles
Beginning
Additions September
Additions October
Additions November
Additions December
Additions January
Additions February
Additions March
Additions April
Additions May
Additions June
Additions July
Additions August
9,500
9.500
792
18.208
792
7.417
792
6,625
792
5,833
792
5,042
792
14,250
792
13,458
792
12,667
792
875
792
1.083
792
0,292
792
9,500
Total depreciation expense
Plus beginning accumulated depreciation
Less eliminations
Total
Two - page 8
Year
19,000
000
19
208
18
7.417
16.625
5.833
5,042
14,250
13,458
11
2,667
875
11
083
11
10.292
EDING ACCUMULATED DEPRECIATION
Nile Valley Restaurant 3xls
8/27/2007
FORCASTED FINANCIAL STATEMENTS
page 9
Year
TRADE RECEIVABLES ANALYSIS
Mth 13 Mth 14 Mth 15 Mth 16 Mth17 Mth 18 Mth 19 Mth20 Mth 21 Mth22 Mth23 Mth 24
SeD.08 Oct.08 NDv-08 Dee-08 Jan.09 Feb.09 Mar.09 ADr.09 May-09 Jun.09 Jul.09 AUD-G9 T DIals
36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36.000 36.000 432,000
TOTAL SALES 36 000 36 000 36 000 36 000 36 000 36000 36 000 36 000 36 000 36 000 36000 36 000 432 000
, Receipts Cash (1.00%) 36,000 36,000 36,000 36,000 36,000 36.000 36,000 36,000 36,000 36,000 36.000 36,000 432,000
Receipts 30 Days (0.00%)
Receipts 60 Days (0.00%)
Receipts 90 Days (0.00%)
CASH RECEIPTS FROM SALES 36000 36 000 36 000 36 000 36 000 36 000 36 000 36 000 36 000 36 000 36 000 36 000 432 000
TRADE RECEIVABLES
Nile Valley Restaurant 3.xls
Percen
8/27/2007
Totals
FORCASTED FINANCIAL STATEMENTS
..Mth 19
Mar-09
-Mth 1S
Feb.09
..Mth 17
Jan-09
-Mth 16
Dec.OS
..Mth 15
Nov-OS
-Mth 14
Oct.OS
..Mth 13
Sep.OS
KEY MEASURES
00,00%
66.00%
34.00%
21.40%
13.56%
0.86%
8.33%
66.00%
34.00%
21.44%
13.63%
0.80%
8.33%
66.00%
34,00%
21.44%
1.31%
0.81%
8.33%
66.00%
34,00%
21.44%
14.85%
0.82%
8.33%
66.00%
34.00%
21.44%
14.84%
0.83%
8.33%
66.00%
34.00%
21.44%
14.83%
0.84%
8.33%
66.00%
34.00%
21.44%
2.55%
0.85%
8.33%
66.00%
34,00%
21.44%
16,87%
0.86%
8.33%
66.00%
34.00%
21.44%
16.87%
0.87%
8.33%
66.00%
34.00%
21.44%
16.86%
0.88%
8.33%
66.00%
34.00%
21.44%
16.85%
0.90%
8.33%
66.00%
34,00%
21.44%
16.84%
0.91%
8.33%
66.00%
34.00%
20.89%
16,38%
0.92%
Summary Analysis Measures:
Revenues - % by month
Gross Profit Margin
Cost of Goods Sold
Operating Profit Margin
Net Profit Margin
Interest CostfSales
391
4.07
97357
24.95
391
4.07
97357
26.88
4.00
ill
92519
26,51
4.07
4.24
92110
26.16
4.12
4.31
86823
25.81
4,17
4.38
81534
25.48
3.29
3.45
76244
25.15
386
4.06
75372
24.84
377
3.98
69338
24.53
325
3.45
63304
24.24
313
3.34
57268
23.95
3.00
3,22
51232
23.67
4.03
4.41
45194
22.79
Liquidity Measures:
Acid Ratio
Current Ratio
Working Cap~al
EBIT/lnterest
0.50
2.00
0.67
0.55
0.45
0.50
2.00
0.67
0.55
0.45
0.50
~
0.66
0.53
0.47
0,51
1J!Z.
0.66
0.53
0.47
0,52
1.93
0.66
0.51
0.49
0,53
1.90
0.65
0.49
0.51
0.61
1.65
0.62
0.49
0.51
0.57
.l12.
0.64
0.47
0.53
0.59
1.69
0.63
0.45
0.55
0.65
1.54
0.61
0.44
0.56
0.68
1.48
0,60
0.42
0.58
0.71
'iA1
0,58
0.39
0.61
0.66
1.51
0,60
0.34
0.66
Asset and Debt Measures
Debt to Equity
Equity to Debt
Net Worth to Totai Assets
Current Assets to Total Assets
Fixed Assets to Total Assets
1.84
29.38
12.25
12
4.44
2.49 2.29 2.22 2.14 2.12 2.05 1.99 2,01 1.95 1.89 1.89 1.84
29.38 29.38 29.38 29.38 29.38 29.38 29.38 29.38 29.38 29.38 29,38 29.38
12.25 12.25 12.25 12,25 12.25 12.25 12.25 12.25 12.25 12.25 12,25 12.25
.-.- ---- --- ---- -- -- --- -- -- --- -- --
--- --- --- --- ---- ---- -- __.w --- --- --- -
12 12 12 12 12 12 12 12 12 12 12 12
9.56 8.43 7.54 6.82 6.23 5.73 5.67 5.30 4.98 4.69 4.67 4.44
Operational Efficiency (annualized)
Asset Turnover
Inventory Turnover
No. Oays Supply in tnv.
Receivable Turnover
No. of Days Saies in Avg, Ree,
Length of Operating Cycle
Sales/Working Capital
Profitability Measures (annualized)
Return on Equity
Return on Total Assets
0.37
0.25
0.38
0.25
0.04
0.02
0.42
0.28
0.44
0.29
0.46
0.30
0.08
0.05
0.54
0.35
0.57
0.36
0.60
0.36
0.63
0.37
0.66
0.39
0.68
0.41
10
page
0,54
0.02
22.05
1200
Year 2
0.54
0.25
1.84
1200
0.53
0.25
1.89
1200
0,53
0,25
1.89
1241
0.51
0.25
1.95
1200
0.50
0,25
2.01
1241
0.50
0.25
1.99
1200
0.49
0.26
2.05
1333
0.47
0,26
212
1200
0.47
0,26
2,14
1200
0.45
0.26
2.22
241
0.44
0.26
2.29
1200
0.40
0,27
2.49
1241
Sales Efficiency Measures (annualized)
Total Assets to Net Revenues
Fixed Assets to Net Revenues
Sales to Total Assets
Reven ues Per Day
3.xls
Nile Valley Restauran
8/27/2007
SUBSTAINABLE GROWTH RATE
+L)
d)
p(
Year 1
THE Z SCORE BANKRUPTCY CLASSIFICATION MODElORCASTED FINANCIAL STATEMENTS
Ratio
Names
Icomp
the target
+L)
p = the firm's profit margin on sales
d= The target dividend payout ration [I
retention ratio]
L = the target total debt-to-equity ratio
t = the capital-output ratio, defined as total assets divided by
net sales
therefore
is
-d)
d)
p(
g
Z Score
2.72
Coefficient
6.56
x
0.41
Resul
Formula
97357
235102
Description
Working Capital
Total Assets
X1
Profit margin (profitisales)=p=0.14
Total debt-to-equity ratio (total debtiequity)=L=0.50
Capital-output ratio (total assets/sales)=t=0.54
Payout ratio )dividends/profits)=d=O.OO
.34
3.26
x
0.41
96722
235102
92428
Retained Earnings
Total Assets
EBIT
X2
X3
2.64
6.72
x
0.39
235102
Total Assets
+0.50)
0.00)(1
0.14(
56722
Net Worth
X4
59.6534%
+0.50)
0.00)
0.14(
0.54
g
2.10
1.05
x
2.00
78380
Total Liabilities
'Substainable Growth: New Tool in Bank Lending',
Journal of Commerical Bank Lending, June 1977,
by Robert C. Higgins
Source:
8.80
Z Score:
Cutoff Values
o
less than:
Bankrupt
2.60
Safe if greater than:
2
Page
ICO
Altman,
Company Safe from Bankruptcy: Z Score> 2.60
Source: 'Corporate Financial Distress" by Edward
John Wiley and Sons, 1983
,~ 1
~:'5._~...
~~W~~
~~~aa.'
-. -
CITY OF IOWA CITY
MEMORANDUM
Date:
To:
From:
Re:
September 10, 2007
Economic Development Committee
Wendy Ford
Iowa City Ambulatory Surgical Center, LLC Tax Increment Financing Application
The following pages are the application, supporting information and Developer's Agreement for
Tax Increment Financing assistance for the Iowa City Ambulatory Surgical Center, LLC
(ICASC). Below are the main points of information regarding the application.
WHO
. ICASC is a for-profit business, comprised of a partnership between Mercy Hospital and a
local physicians' group.
WHAT
. Ambulatory surgery treats patients who do not need hospitalization.
. ICASC is building a new 20,000 square foot surgical center.
. Building cost: $5.6 million, not including equipment.
. The new facility will enable the business to provide ambulatory surgery services in a more
cost effective way because they will no longer bear the higher overhead expenses of the
operating room facilities at Mercy Hospital which are designed for the most complicated
surgical procedures.
WHERE
. ICASC is applying for Tax Increment Financing assistance for a new facility to be located in
the Northgate Corporate Park Urban Renewal Area.
WHEN
. Construction to begin by May 2008 and to be completed by May 2009.
TIF TERMS
. Minimum investment of $5 million in the building.
. ICASC pays 100% of all property taxes due, estimated approximately $226,OOO/year.
(Property taxes on same undeveloped lot are approximately $9,200/year.)
. 3 years of Tax Increment Rebates (June, 2011 - 2013), with a $600,000 cap.,
TIF PERFORMANCE MEASURES
. Pay all property taxes due.
. Attain LEED (Leadership in Energy Efficient Design) certification.
. Maintain a minimum of 20 full-time employment units paid a minimum of $20 per hour.
BENEFITS TO THE COMMUNITY
. Allows for more cost effective delivery of ambulatory surgical services to residents served by
physicians associated with Mercy Hospital.
. Ensures this expansion would not happen in the near northside neighborhood of Mercy
Hospital.
. Creates a new business with high-paying jobs.
. The new business partnership is a property tax-paying entity (Mercy alone, is not).
City of Iowa City Application
TIF Tax Rebate or Tax Abatement\Exemption
Business ReQuestina Financial Assistance:
Business Name:
Iowa City Ambulatory Surgical Center, LLC
Name of Authorized Person to Obligate the Business: Kelly Durian
Business Address: 2615 Northgate Drive, Iowa City, IA 52245
Business Contact Person: Kelly Durian
Title: Executive Director
Telephone: 319/351-5680
Fax:
319/351-8980
E-mail Address:kellydurian@surgicalmanprof.com
Business Federal ID#:
20-08503424
Date of Application Submittal:
August 15, 2007
Release of Information and Certification
NOTE: Please read carefully before signing
I hereby give permission to the City of Iowa City (the City) to research the company's history,
make credit checks, contact the company's financial institution, and perform other related
activities necessary for reasonable evaluation of this proposal. I understand that all information
submitted to the City relating to this application is subject to the Open Records Law (1994 Iowa
Code, Chapter 22) and that confidentiality may not be guaranteed. I hereby certify that all
representations; warranties or statements made or furnished to the City in connection with this
application are true and correct in all material respects. I understand that it is a criminal
violation under Iowa law to engage in deception and knowingly make, or cause to be made,
directly or indirectly, a false statement in writing for the purpose of procuring economic
development assistance from a state agency or political subdivision.
SIGNATURE OF COMPANY OFFICER AUTHORIZED TO OBLIGATE BUSINESS:
NOTE: The City will not provide assistance in situations where it is determined that any
representation, warranty or statement made in connection with this application is incorrect,
false, misleading or erroneous in any material respect. If assistance has already been provided
by the city prior to discovery of the incorrect, false or misleading representation, the city may
initiate legal action to recover city funds.
Page 1 of 6
1. What is the location of the proposed project?
The Iowa City Ambulatory Surgical Center will be located in Northgate Corporate Park at the
intersection of Interstate 80 and Highway 1. Specifically, the new facility will be located on
Lot 12, Highlander Development Third Addition to Iowa City, Iowa.
2. Please provide a brief timeline for the proposed project.
The new facility is scheduled to open in the summer of 2008. The site (described above)
has been acquired and facility design is in process. Building construction is scheduled to
begin in the fall of 2007.
3. Describe in detail the proposed "project" (e.g., company relocation, plant
expansion, remodeling, new product line and/or new facility).
The Iowa City Ambulatory Surgical Center, LLC (the "ICASC'? will develop, own, and
operate the Center for surgical patients who do not require hospitalization. The lCASC is a
joint venture between Mercy Hospital, Iowa City (Mercy) and a group of local surgeons.
The joint venture is an Iowa limited liability company in which Mercy owns a 70%
membership interest and the surgeon investors own a 30% membership interest.
The Center will be a new facility for outpatient surgical procedures including the following
specialties: otolaryngology, orthopedics, general surgery, urology, gynecology,
ophthalmology, podiatry, plastics, and pain management. It is expected that over 4,000
cases per year will be performed in the center.
Although outpatient surgical services are currently performed on the Mercy campus, the
Center will represent a new service to the residents of Iowa City and the surrounding areas
and is expected to provide the following benefits:
Increased Surgical Capacity - The Center will allow Mercy to avoid the building of
additional operating room capacity within its existing facility to accommodate the rapid
growth in outpatient surgical procedures. The existing capacity at Mercy will be used to
accommodate growth in inpatient and more complex outpatient procedures.
As Mercy is a tax-exempt, non-profit organization, the Project will result in the addition of a
new building to the Johnson County property tax base.
Improved Access - The Center will provide the residents with a convenient, reliable
alternative to traditional hospital-based outpatient surgery.
Improved Recruitment - The Center is expected to enhance the recruitment efforts of
the surgeon groups on Mercy's medical staff. The expansion of the surgical groups will
result in increased activity and increased employment opportunities for the Center.
Page 2 of 6
4. Specifically, what type of capital improvements will be completed? (e.g. new
building, remodeling, fa~de improvement, accessibility)
The site is currently undeveloped land in the Northgate Corporate Park. The lCASC will
construct a new 24,000 square foot building to house the operating rooms and support
areas. The new building will include four to six operating rooms and related support areas.
The estimated cost of the new building is $5,600,000.
The facility will be designed in accordance with the State Energy Code, ASHRAE Standard
90.1 -2004, Energy Standard for Buildings Except Low-Rise Residential Buildings. In
addition, the building will participate in MidAmerican Energy's Commercial New Construction
program to optimize the construction of the facility relative to its energy use.
Copies of the space programming, floor plan, and rendering are included as Exhibits to this
application.
5. Will the project increase the value of the property by at least 150/0? Please
include the amount of the proposed investment.
The land was recently purchased for $600,000 and will be improved by the construction of a
building with an estimated construction cost of $5.6 million.
6. Type of assistance requested: (check one)
Tax Increment Financing X
Tax Exemption
Tax Abatement
We are requesting a seven-year property tax rebate related to the improvements made to
the property.
7. If an existing Iowa City business, how many total individuals have been
employed by the company at the Iowa City facility during the past year?
Mercy currently maintains an outpatient surgery department within its existing facility.
However, the Center is considered a new business that will not impact employment
at Mercy. The positions created by the Center will be new jobs to the Iowa City area.
8. What is the number of jobs within the existing or proposed Iowa City facility and
what is the startina average hourly wage rate (not including fringe benefits):
Page 3 of 6
The Center will initially create approximately thirty new jobs in the Iowa City area including
management, nursing, medical technologist, and support positions. All clinical and support
staff for the will be employed the Center. Actual wages will vary by position based on market
conditions. However, average wages will exceed $20.00 per hour.
For the new employees? See above
For existing employees? Not applicable
For existing and new employees? See above
9. Does the business provide standard medical and dental insurance for full-time
employees? If so, what percentage of the standard medical and dental
insurance package expense does the company provide?
The Center will provide a market competitive employee benefit package including medical,
dental, retirement (401 (k) Plan with an employer matching contribution) benefits.
10. Beyond the present project, what future growth potential is there for the Iowa
City operation?
The Center will be designed to allow the expansion of operating rooms to a total of seven.
In addition, the site could accommodate an additional building for a related business
venture.
11. Please describe the energy and resource efficiency programs, waste reduction,
waste exchange, and/or recycling programs at your Iowa City operation.
The facility will be designed in accordance with the Sate Energy Code, ASHRAE Standard
90.1 -2004, Energy Standard for Buildings Except Low-Rise Residential Buildings. In
addition, the building will participate in MidAmerican Energy's Commercial New Construction
program to optimize the construction of the facility relative to its energy use.
Relative to the recycling program, this facility is accommodating recycling bins and recycling
storage areas promoting recycling efforts.
12. Do you use recycled materials in the production of any products or through the
provision of any services at your facility? If so, please describe.
The Ambulatory Surgery Center does not produce materials. However on the construction
side of the project, recycled materials will be used and specified where applicable, as a part
of our overall sustainable design efforts on this project.
Page 4 of 6
13. Has the business been cited or convicted for violations of any federal or state
laws or regulations within the last five years (including environmental
regulations, Occupational Safety And Health laws, Fair Labor Standards, the
National Labor Relations Act, the Americans With Disabilities Act)? If yes,
please explain the circumstances of the violation(s).
The Center has not been cited for any regulatory or legal violations.
Page 5 of 6
Ambulatory Surgery Center
Iowa City
17
Project #0718
April 18, 2007
Updated June 19, 2007
ROHRIACH ASSOCIATES PC
Final Space Program
ARCHITECT
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Space or Area Quantltv NSF NSF Comments
IFront Entrance Area
Entrance Vestibule 1 120 120 Air lock at entrance doors
Waitino Rooms
Noisy 20 30 600 Tables and chairs
Quite 10 30 300 Soft chairs and sofa's
Children's Plav area 1 100 100 Small table and 2 chairs, tov storaoe
Vendina 1 24 24 2 vendina machines
Public Restrooms 2 64 128 Men's and Women's
Vestibule/Coat storaae 1 100 100 Share between waitina and discharae lobbv
(Administration
Receotionists 2 100 200 2 work areas with conY fax and printers
File Storaoe 1 80 80
Reaistration Station 1 80 80 Enclosed
Scheduler/transcriotionist 2 48 96 Enclosed Office
Business Manaoer 1 80 80 Enclosed Office
Director of Nursina 1 80 80 Enclosed Office off of PatienVPhvsician Corridor
PACU/OR Director 1 80 80 Enclosed Office off of PatienVPhysician Corridor two Desks
Preadmission Nurse 1 80 80 Enclosed Office w/ door to waitino and back corridor
Consultation 2 75 150 Enclosed areas located adjacent the sterile area
r Sterile Area
Ooeratino Rooms 4 555 2,220
Scrub areas 3 20 60 alcove off corridor - 1 shared for 2 OR's, 1 shelled
Sub-sterile 3 50 150 one shared bv 2 OR's, 1 shelled
Procedure Rooms (future OR's) 2 555 1110 both constructed as OR's readv for eauioment
Dictation Stations 2 50 100 Off OR corridor
Anesthesia Work Room 0 80 0
Nurse Station 1 175 175 Ad'acent alcove off corridor for crash carts
Decontamination 1 150 150
Central Sterile Supplv 1 245 245 includes 2 sterilizers
Phy. mail boxes/chartino/crash cart 1 40 40
Pharmacv/Medications 1 80 80 Refrinerator lockinn cabinet
Sterile Suoolv 1 555 555 C-arm storaoe
Soiled Utility Room 1 80 80 Flow thru to sterile area
rPatient Care Areas
Pre-Or Patient Rooms 9 90 810 Recliner, in-uest chairs, sink and counter, 1 isolation
Pre-OP Peds Patient Rooms 1 120 120
Pre-OP restrooms 2 64 128
Patient Lockers 30 5 150 Half lockers adiacent to steo down area
PACU - Pediatrics 0 64 0 Recliner area w/ walls - 1 sink alcove per 2 areas
?ACU - Pediatric Restroom 0 64 0
PACU - Aduit 7 80 560 Gurnev area w/ curtain - 1 sink alcove per 2 areas
Steo Down - Pediatric/Adult 17 100 1,700 Recliner, 2 ouest chairs - 1 sink alcove oer 4 areas
Adult Restrooms 2 64 128
Discharoe vestibule 1 150 150 w/ wheelchair storaoe
r Staff Areas
Pre-OP Nurse Station 1 120 120 At entrance to Pre-OP
PACU Nurse station 1 140 140 Shared between adult and Pediatrics
Adult Step Down Nurse station 1 150 150
Male Dressino Room 1 350 350 Toilet room dressina and 30 - 1/2 lockers
Shower 1 60 60 Shared between dressina rooms
Female Dressino Room 1 500 500 Toilet room, dressina and 62 - 1/2 lockers
Break Room / Conference Room 1 400 400 Laroe Kitchenette 2 refrioerators 4 tables & 16 chairs
General Storaoe 1 200 200 General office suoolies
Medical Gas Storaae 1 100 100 Off receivina area
Custodial Room 2 50 100 Suoolies and eauioment
Pre-Op Storaoe 1 80 80
Pre-OP Clean Linen Suoolv 1 60 60
Post -OP Soiled Utility 1 150 150 Hooper
Post - OP Clean Utility 1 80 80
Equipment storaae 1 500 500 Medical eauiDment and supplies
Receivino 1 120 120 SUDolv entrance, blood staoino area
(SUbtotal Net useable areas 14119
Mechanical Room 1 3,000 3,000 Penthouse
Electrical Room 1 150 150 On main floor
IT 1 120 120 Can be in oenthouse
Subtotal Net Square Feet 01 Center 158 117 389
Grossino Factor 39% 6848 walls stairs and circulation
Net to Gross 28%
Total Gross Sauare Feet 01 Center I 24 237
Total
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RAPe Project Number.
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MERCY
AMBULATORY
SURGERY CENTER
Iowa City. Iowa
RAPe ProJect Number:
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Project Name:
Project Address:
Yes ? No
LEED for New Construction v2.2
Registered Project Checklist
ElIIII Sustainable Sites 14 Points
a
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Prereq 1
Credit 1
Credit 2
Credit 3
Credit 4.1
Credit 4.2
Credit 4.3
Credit 4.4
Credit 5.1
Credit 5.2
Credit 6.1
Credit 6.2
Credit 7.1
Credit 7.2
Credit 8
Yes ? No
Construction Activity Pollution Prevention
Site Selection
Development Density & Community Connectivity
Brownfield Redevelopment
Alternative Transportation, Public Transportation Access
Alternative Transportation, Bicycle Storage & Changing Rooms
Alternative Transportation, Low-Emitting & Fuel-Efficient Vehicles
Alternative Transportation, Parking Capacity
Site Development, Protect or Restore Habitat
Site Development, Maximize Open Space
Stormwater Design, Quantity Control
Stormwater Design, Quality Control
Heat Island Effect, Non-Roof
Heat Island Effect, Roof
Light Pollution Reduction
Required
1
1
1
1
1
1
1
1
1
1
1
1
1
1
EI.II Water Efficiency 5 Points
a Credit 1.1
1 Credit 1 .2
1 Credit 2
1 Credit 3.1
1 Credit 3.2
Water Efficient Landscaping, Reduce by 50%
Water Efficient Landscaping, No Potable Use or No Irrigation
Innovative Wastewater Technologies
Water Use Reduction, 20% Reduction
Water Use Reduction, 30% Reduction
IIDII Energy & Atmosphere 17 Points
'Note for EAcl: All LEED lor New Conslruction projects registered after June 26"" 2007 are required 10 achieve at least two (2) points under EAc I.
LJ I 3 I 6lCredit 1 0 timize Energy Performance 1 to 10
1 10.5% New Buildings or 3.5% Existing Building Renovations 1
14% New Buildings or 7% Existing Building Renovations 2
17.5% New Buildings or 10.5% Existing Building Renovations 3
21% New Buildings or 14% Existing Building Renovations 4
24.5% New Buildings or 17.5% Existing Building Renovations 5
28% New Buildings or 21 % Existing Building Renovations 6
31.5% New Buildings or 24.5% Existing Building Renovations 7
35% New Buildings or 28% Existing Building Renovations 8
38.5% New Buildings or 31.5% Existing Building Renovations 9
42% New Buildings or 35% Existing Building Renovations 10
On-Site Renewable Energy 1 to 3
~2.5% Renewable Energy 1
7.5% Renewable Energy 2
12.5% Renewable Energy 3
Enhanced Commissioning 1
Enhanced Refrigerant Management 1
Measurement & Verification 1
Green Power 1
I
Prereq 1
Prereq 2
Prereq 3
I 3 1 Credit 2
gcredit3
1 Credit 4
1 Credit 5
1 Credit 6
Fundamental Commissioning of the Building Energy Systems
Minimum Energy Performance
Fundamental Refrigerant Management
Required
Required
Required
Yes ? No
111111 Materials & Resources 13 Points
Prereq 1
Credit 1.1
Credit 1.2
Credit 1.3
Credit 2.1
Credit 2.2
Credit 3.1
Credit 3.2
Credit 4.1
Credit 4.2
CreditS.1
Credit S.2
Credit 6
Credit 7
n
1
1
1
1
1
1
1
1
1
1
1
1
1
Yes ? No
Storage & Collection of Recyclables
Building Reuse, Maintain 75% of Existing Walls, Floors & Roof
Building Reuse, Maintain 100% of Existing Walls, Floors & Roof
Building Reuse, Maintain 50% of Interior Non-Structural Elements
Construction Waste Management, Divert 50% from Disposal
Construction Waste Management, Divert 75% from Disposal
Materials Reuse, 5%
Materials Reuse,1 0%
Recycled Content, 10% (post-consumer + % pre-consumer)
Recycled Content, 20% (post-consumer + V2 pre-consumer)
Regional Materials, 10% Extracted, Processed & Manufactured Regional
Regional Materials, 20% Extracted, Processed & Manufactured Regional
Rapidly Renewable Materials
Certified Wood
Required
1
1
1
1
1
1
1
1
1
1
1
1
1
Imllll Indoor Environmental Quality 15 Points
1
1
1
1
1
1
1
1
Prereq 1
Prereq 2
Credit 1
Credit 2
Credit 3.1
Credit 3.2
Credit 4.1
Credit 4.2
Credit 4.3
Credit 4.4
CreditS
Credit 6.1
Credit 6.2
Credit 7.1
Credit 7.2
1 Credit 8.1
1 Credit 8.2
Yes ? No
Minimum IAQ Performance
Environmental Tobacco Smoke (ETS) Control
Outdoor Air Delivery Monitoring
Increased Ventilation
Construction IAQ Management Plan, During Construction
Construction IAQ Management Plan, Before Occupancy
Low-Emitting Materials, Adhesives & Sealants
Low-Emitting Materials, Paints & Coatings
Low-Emitting Materials, Carpet Systems
Low-Emitting Materials, Composite Wood & Agrifiber Products
Indoor Chemical & Pollutant Source Control
Controllability of Systems, Lighting
Controllability of Systems, Thermal Comfort
Thermal Comfort, Design
Thermal Comfort, Verification
Daylight & Views, Daylight 75% of Spaces
Daylight & Views, Views for 90% of Spaces
Required
Required
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
111111 Innovation & Design Process 5 Points
I Credit 1.1
1 Credit 1 .2
1 Credit 1.3
1 Credit 1.4
1 Credit 2
Yes ? No
Innovation in Design: Provide Specific Title
Innovation in Design: Provide Specific Title
Innovation in Design: Provide Specific Title
Innovation in Design: Provide Specific Title
LEEDe Accredited Professional
mmm Project Totals (pre-certification estimates) 69 POints
Certified: 26-32 points, Silver: 33-38 points, Gold: 39-51 points, Platinum: 52-69 point!
draft - draft - draft - draft - draft
AGREEMENT FOR PRIVATE REDEVELOPMENT
By and Between
THE CITY OF IOWA CITY, IOWA
AND
IOWA CITY AMBULATORY SURGICAL CENTER, L.L.C.
draft - draft - draft - draft - draft
AGREEMENT FOR
PRIV A TE REDEVELOPMENT
THIS AGREEMENT FOR PRIVATE REDEVELOPMENT (hereinafter called
"Agreement"), is made on or as of the day of ,2007, by
and among the CITY OF IOWA CITY, IOWA, a municipality (hereinafter called "City"),
established pursuant to the Code of Iowa of the State of Iowa and acting under the
authorization of Chapter 403 of the Code of Iowa, 2007, as amended (hereinafter called
"Urban Renewal Act") and Iowa City Ambulatory Surgical Center, L.L.C., having an
office for the transaction of business at 2419 Northgate St., Iowa City, Iowa 52240 (the
"Developer").
WITNESSETH:
WHEREAS, in furtherance of the objectives of the Urban Renewal Act, the City has
undertaken a program for the creation of an economic development area in the City and,
in this connection, is engaged in carrying out urban renewal project activities in an area
known as the Northgate Corporate Park Urban Renewal Plan Area, which area is
described in the Urban Renewal Plan approved for such area by Resolution No. 99-111
adopted April 6, 1999; and
WHEREAS, a copy of the foregoing Urban Renewal Plan has been recorded
among the land records in the office of the Recorder of Johnson County, Iowa; and
WHEREAS, the Developer owns or has the right to acquire certain real property
located in the foregoing Urban Renewal Area as more particularly described in Exhibit A
attached hereto and made a part hereof (which property as so described is hereinafter
referred to as the "Development Property"); and
WHEREAS, the Developer will acquire the Development Property and cause an
ambulatory surgery center to be constructed on the Development Property in accordance
with this Agreement; and
WHEREAS, the City believes that the development of the Property pursuant to this
Agreement and the fulfillment generally of this Agreement, are in the vital and best
interests of the City and in accord with the public purposes and provisions of the
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applicable State and local laws and requirements under which the foregoing project has
been undertaken and is being assisted.
NOW, THEREFORE, in consideration of the premises and the mutual obligations
of the parties hereto, each of them does hereby covenant and agree with the other as
follows:
ARTICLE I. DEFINITIONS
Section 1.1. Definitions. In addition to other definitions set forth in this Agreement,
all capitalized terms used and not otherwise defined herein shall have the following
meanings unless a different meaning clearly appears from the context:
Agreement means this Agreement and all appendices hereto, as the same may be
from time to time modified, amended or supplemented.
Certificate of Completion means a certification in the form of the certificate
attached hereto as Exhibit C and hereby made a part of this Agreement, provided to the
Developer pursuant to Section 3.4 of this Agreement.
City means the City of Iowa City, Iowa, or any successor to its functions.
Code means the Code of Iowa, 2007, as amended.
Construction Plans means the plans, specifications, drawings and related documents
reflecting the construction work to be performed by the Developer on the Development
Property; the Construction Plans shall be as detailed as the plans, specifications, drawings
and related documents which are submitted to the building inspector of the City as
required by applicable City codes.
County means the County of Johnson, Iowa.
Developer means Iowa City Ambulatory Surgical Center, L.L.C., an Iowa limited
liability corporation.
Development Property means that portion of the Northgate Corporate Park Urban
Renewal Plan Area of the City described in Exhibit A hereto.
Economic Development Grants mean the Tax Increment payments to be made by
the City to the Developer under Article VIII of this Agreement.
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Event of Default means any of the events described in Section 10.1 of this
Agreement.
First Mortgage means any Mortgage granted to secure any loan made pursuant to
either a mortgage commitment obtained by the Developer from a commercial lender or
other financial institution to fund any portion of the construction costs and initial
operating capital requirements of the Minimum Improvements, or all such Mortgages as
appropriate.
Minimum Improvements shall mean the construction of improvements together with
all related site improvements as outlined in Exhibit B hereto. Minimum Improvements
shall not include increases in assessed or actual value due to market factors.
Mortgage means any mortgage or security agreement in which the Developer has
granted a mortgage or other security interest in the Development Property, or any portion
or parcel thereof, or any improvements constructed thereon.
IOWA CITY AMBULATORY SURGICAL CENTER. L.L.C. - TIF Account
means a separate account within the Northgate Corporate Park Urban Renewal Tax
Increment Revenue Fund of the City, in which all Tax Increments received by the City
with respect to the Minimum Improvements shall be deposited.
Net Proceeds means any proceeds paid by an insurer to the Developer under a policy
or policies of insurance required to be provided and maintained by the Developer, as the
case may be, pursuant to Article V of this Agreement and remaining after deducting all
expenses (including fees and disbursements of counsel) incurred in the collection of such
proceeds.
Northgate Corporate Park Urban Renewal Area Tax Increment Revenue Fund
means the special fund of the City created under the authority of Section 403.19(2) of the
Code and the Ordinance, which fund was created in order to pay the principal of and
interest on loans, monies advanced to or indebtedness, whether funded, refunded,
assumed or otherwise, including bonds or other obligations issued under the authority of
Section 403.9 or 403.12 of the Code, incurred by the City to finance or refinance in whole
or in part projects undertaken pursuant to the Urban Renewal Plan for the Project Area.
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Ordinance means Ordinance No. 99-3879 of the City, under which the taxes levied
on the taxable property in the Project Area shall be divided and a portion paid into the
Northgate Corporate Park Urban Renewal Area Tax Increment Revenue Fund.
Proiect shall mean the construction and operation of the Minimum Improvements on
the Development Property, as described in this Agreement.
State means the State of Iowa.
Tax Increments means the property tax revenues with respect to the Minimum
Improvements that are divided and made available to the City for deposit in the Northgate
Corporate Park Urban Renewal Tax Increment Revenue Fund under the provisions of
Section 403.19 of the Code and the Ordinance.
Termination Date means the date of termination of this Agreement, as established in
Section 12.8 of this Agreement.
Unavoidable Delays means delays resulting from acts or occurrences outside the
reasonable control of the party claiming the delay including but not limited to storms,
floods, fires, explosions or other casualty losses, unusual weather conditions, strikes,
boycotts, lockouts or other labor disputes, delays in transportation or delivery of material
or equipment, litigation commenced by third parties, or the acts of any federal, State or
local governmental unit (other than the City).
Urban Renewal Plan means the Urban Renewal Plan, as amended, approved in
respect of the Northgate Corporate Park Urban Renewal Area, described in the preambles
hereof.
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ARTICLE II. REPRESENTATIONS AND WARRANTIES
Section 2.1. Representations and Warranties of the City. The City makes the
following representations and warranties:
(a) The City is a municipal corporation and political subdivision organized under
the provisions of the Constitution and the laws of the State and has the power to enter into
this Agreement and carry out its obligations hereunder.
(b) The execution and delivery of this Agreement, the consummation of the
transactions contemplated hereby, and the fulfillment of or compliance with the terms and
conditions of this Agreement are not prevented by, limited by, in conflict with, or result in
a breach of, the terms, conditions or provisions of any contractual restriction, evidence of
indebtedness, agreement or instrument of whatever nature to which the City is now a
party or by which it is bound, nor do they constitute a default under any of the foregoing.
Section 2.2. Covenants, Obligations, Representations and Warranties of Developer.
The Developer makes the following representations and warranties:
(a) Developer is a corporation duly organized and validly existing under the laws
of the State of Iowa and has all requisite power and authority to own and operate its
properties, to carry on its business as now conducted and as presently proposed to be
conducted, and to enter into and perform its obligations under the Agreement.
(b) This Agreement has been duly and validly authorized, executed and delivered
by the Developer and, assuming due authorization, execution and delivery by the City, is
in full force and effect and is a valid and legally binding instrument of the Developer
enforceable in accordance with its terms, except as the same may be limited by
bankruptcy, insolvency, reorganization or other laws relating to or affecting creditors'
rights generally.
( c) The execution and delivery of this Agreement, the consummation of the
transactions contemplated hereby, and the fulfillment of or compliance with the terms and
conditions of this Agreement are not prevented by, limited by, in conflict with, or result in
a violation or breach of, the terms, conditions or provisions of the certificate of
incorporation and bylaws of Developer or its parents or subsidiaries of any contractual
restriction, evidence of indebtedness, agreement or instrument of whatever nature to
- 5 -
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which the Developer is now a party or by which it or its property is bound, nor do they
constitute a default under any of the foregoing.
(d) There are no actions, suits or proceedings pending or threatened against or
affecting the Developer in any court or before any arbitrator or before or by any
governmental body in which there is a reasonable possibility of an adverse decision which
could materially adversely affect the business (present or prospective), financial position
or results of operations of the Developer or which in any manner raises any questions
affecting the validity of the Agreement or the Developer's ability to perform its
obligations under this Agreement.
( e) Developer has not received any notice from any local, State for federal
official that the activities of Developer with respect to the Development Property mayor
will be in violation of any environmental law or regulation (other than those notices, if
any, of which the City has previously been notified in writing). Developer is not currently
aware of any State or federal claim filed or planned to be filed by any party relating to any
violation of any local, State or federal environmental law, regulation or review procedure
applicable to the Development Property, and Developer is not currently aware of any
violation of any local, State or federal environmental law, regulation or review procedure
which would give any person a valid claim under any State or federal environmental
statute with respect thereto.
(t) Developer will fully cooperate with the City in resolution of any traffic,
parking, trash removal or public safety problems which may arise in connection with the
construction and operation of the Minimum Improvements.
(g) Developer would not undertake its obligations under this Agreement without
the payment by the City of the Economic Development Grants being made to the
Developer pursuant to this Agreement.
(h) The Developer will cause the Minimum Improvements to be constructed in
accordance with the terms of this Agreement and when constructed will comply with the
Urban Renewal Plan and all local, State and federal laws and regulations, except for
variances that may be necessary to construct the Minimum Improvements.
(i) The Developer will use its best efforts to obtain, or cause to be obtained, in a
timely manner, all required permits, licenses and approvals, and will meet, in a timely
manner, all requirements of all applicable local, State, and federal laws and regulations
which must be obtained or met in connection with the Project.
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G) The construction of the Minimum Improvements requires a total investment
of not less than $5,000,000.
ARTICLE III. DEVELOPMENT AND JOB CREATION REQUIREMENT
Section 3 .1. Minimum Improvements.
The Developer agrees to complete Minimum Improvements generally consisting of
the construction of a new 20,000 square foot building to house the operating rooms and
support areas, all as more fully described on Exhibit B hereto. Construction of the
Minimum Improvements shall commence no later than May 1, 2008 and shall be
completed by May 1,2009.
The new building will include at least four operating rooms and related support
areas. The construction of the Minimum Improvements must increase the actual assessed
value of the Development Property by at least 15% over the actual assessed value as of
January 1,2007.
Section 3.2. Job Creation
Developer will create and maintain, until the termination date of this agreement, at
least twenty (20) Full Time Employment (FTE) units that will pay an hourly wage equal
to at least $20.00 per hour. In addition, Developer will provide these positions with
competitive benefits. An FTE unit means the equivalent of the employment of one (1)
person for eight (8) hours per day for a five (5) day, forty (40) hour workweek for fifty-
two (52) weeks per year.
Section 3.3. Energy Efficiency.
Developer shall obtain LEED certification on the completed minimum
improvements prior to the issuance of a Certificate of Completion for such minimum
improvements or any discrete portion thereof.
Section 3.4. Certificate of Completion.
Upon written request of the Developer after issuance of an occupancy permit for the
Minimum Improvements, or any discreet portion thereof, the City will furnish the
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Developer with a Certificate of Completion for such portion in recordable form, in
substantially the form set forth in Exhibit C attached hereto. Such Certificate of
Completion shall be a conclusive determination of satisfactory termination of the
covenants and conditions of this Agreement with respect to the obligations of the
Developer to construct the Minimum Improvements or any discrete portion thereof.
A Certificate of Completion may be recorded in the proper office for the recordation of
deeds and other instruments pertaining to the Development Property at the Developer's
sole expense. If the City shall refuse or fail to provide a Certificate of Completion in
accordance with the provisions of this Section 3.4, the City shall within twenty (20) days
after written request to the Developer, provide the Developer with a written statement
indicating with adequate detail, in what respects the Developer has failed to complete the
Minimum Improvements in accordance with the provisions of this Agreement, or is
otherwise in default under the terms of this Agreement, and what measures or acts will be
necessary, in the opinion of the City, to obtain such Certificate of Completion.
ARTICLE IV. RESERVED
ARTICLE V. INSURANCE
Section 5.1. Insurance Requirements.
(a) Upon completion of construction of the Minimum Improvements and at all
times prior to the Termination Date, the Developer shall maintain, or cause to be
maintained, at its sole cost and expense (and from time to time at the request of the City
shall furnish proof of the payment of premiums on) insurance as follows:
(i) Insurance against loss and/or damage to the Minimum Improvements
under a policy or policies covering such risks as are ordinarily insured through property
policies against by similar businesses, including (without limitation due to the generality
of the foregoing) fire, extended coverage, vandalism and malicious mischief, explosion,
water damage, demolition cost, debris removal, and collapse in an amount not less than
the full insurable replacement value of the Minimum Improvements, but any such policy
may have a deductible amount of not more than $250,000. No policy of insurance shall be
so written that the proceeds thereof will produce less than the minimum coverage
required by the preceding sentence, by reason of co-insurance provisions or otherwise,
without the prior consent thereto in writing by the City. The term "full insurable
replacement value" shall mean the actual replacement cost of the Minimum
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Improvements (excluding foundation and excavation costs and costs of underground
flues, pipes, drains and other uninsurable items) and equipment, and shall be determined
from time to time at the request of the City, but not more frequently than once every three
years, by an insurance consultant or insurer selected and paid for by the Developer and
approved by the City.
(ii) Comprehensive general public liability insurance, including personal
injury liability for injuries to persons and/or property, including any injuries resulting
from the operation of automobiles or other motorized vehicles on or about the
Development Property, in the minimum amount for each occurrence and for each year of
$1,000,000.
(Hi) Such other insurance, including worker's compensation insurance
respecting all employees of the Developer, in such amount as is customarily carried by
like organizations engaged in like activities of comparable size and liability exposure;
provided that the Developer may be self-insured with respect to all or any part of its
liability for worker's compensation.
(b) All insurance required by this Article V to be provided prior to the
Termination Date shall be taken out and maintained in responsible insurance companies
selected by the Developer which are authorized under the laws of the State of Iowa to
assume the risks covered thereby. The Developer will deposit annually with the City
copies of policies evidencing all such insurance, or a certificate or certificates or binders
of the respective insurers stating that such insurance is in full force and effect. Unless
otherwise provided in this Article V, each policy shall contain a provision that the insurer
shall not cancel or modify it without giving written notice to the Developer and the City at
least thirty (30) days before the cancellation or modification becomes effective. Not less
than fifteen (15) days prior to the expiration of any policy, the Developer shall furnish the
City evidence satisfactory to the City that the policy has been renewed or replaced by
another policy conforming to the provisions of this Article V, or that there is no necessity
therefor under the terms hereof. In lieu of separate policies, the Developer may maintain a
single policy, or blanket or umbrella policies, or a combination thereof, which provide the
total coverage required herein, in which event the Developer shall deposit with the City a
certificate or certificates of the respective insurers as to the amount of coverage in force
upon the Minimum Improvements.
(c) The Developer agrees to notify the City immediately in the case of damage
exceeding $250,000 in amount to, or destruction of, the Minimum Improvements or any
portion thereof resulting from fire or other casualty. Net Proceeds of any such insurance
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shall be paid directly to the Developer, and the Developer will forthwith repair,
reconstruct and restore the Minimum Improvements to substantially the same or an
improved condition or value as they existed prior to the event causing such damage and,
to the extent necessary to accomplish such repair, reconstruction and restoration, the
Developer will apply the Net Proceeds of any insurance relating to such damage received
by the Developer to the payment or reimbursement of the costs thereof.
(d) The Developer shall complete the repair, reconstruction and restoration of the
Minimum Improvements in a timely manner, whether or not the Net Proceeds of
insurance received by the Developer for such purposes are sufficient.
ARTICLE VI. COVENANTS OF THE DEVELOPER
Section 6.1. Maintenance of Properties. The Developer will maintain, preserve
and keep its properties (whether owned in fee or a leasehold interest), including but not
limited to the Minimum Improvements, in good repair and working order, ordinary wear
and tear excepted, and from time to time will make all necessary repairs, replacements,
renewals and additions.
Section 6.2. Maintenance of Records. The Developer will keep at all times proper
books of record and account in which full, true and correct entries will be made of all
dealings and transactions of or in relation to the business and affairs of the Developer in
accordance with generally accepted accounting principles, consistently applied
throughout the period involved, and the Developer will provide reasonable protection
against loss or damage to such books of record and account.
Section 6.3. Compliance with Laws. The Developer will comply with all laws,
rules and regulations relating to the Minimum Improvements, other than laws, rules and
regulations the failure to comply with which or the sanctions and penalties resulting
therefrom, would not have a material adverse effect on the business, property, operations,
or condition, financial or otherwise, of the Developer.
Section 6.4. Non-Discrimination. In operating the Minimum Improvements, the
Developer shall not discriminate against any applicant, employee, person or tenant
because of race, creed, color, religion, sex, national origin, sexual orientation, age,
disability, marital status or gender identity. The Developer shall ensure that applicants,
employees, persons and tenants are considered and are treated without regard to their
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race, creed, color, religion, sex, national origin, sexual orientation, age, disability, marital
status or gender identity.
Section 6.5. Continued Operation and Employment. Commencing upon the
execution of the Agreement, the Developer agrees that it will operate an ambulatory
surgery center, employing at least twenty (20) full time equivalent (FTE) employees, and
will continue operation of this building and center until at least the Termination Date set
forth in Section 12.8 thereof.
Section 6.6. Annual Certification. To assist the City in monitoring and performance
of the Developer hereunder, a duly authorized officer of the Developer shall annually
provide to the City: (a) a written statement from the County Auditor showing the amount
of Tax Increments (as defined in Section 1.1 of this Agreement) in respect of the
Minimum Improvements (excluding increases in assessed or actual value due to market
factors) for the following fiscal year; (b) proof that all ad valorem taxes on the
Development Property have been paid for the prior fiscal year; (c) documentation in the
form of payroll records evidencing compliance with the jobs creation portion of this
agreement outlined in section 3.2; and (d) certification that such officer has re-examined
the terms and provisions of this Agreement and that at the date of such certificate, and
during the preceding twelve (12) months, the Developer is not, or was not, in default in
the fulfillment of any of the terms and conditions of this Agreement and that no Event of
Default (or event which, with the lapse of time or the giving of notice, or both, would
become an Event of Default) is occurring or has occurred as of the date of such
certificate; or during such period, or if the signer is aware of any such default, event or
Event of Default, said officer shall disclose in such statement the nature thereof, its period
of existence and what action, if any, has been taken or is proposed to be taken with
respect thereto. Such statement, proof and certificate shall be provided not later than
November I of each year, commencing November 1,2009, and ending on November 1,
2011 both dates inclusive. Upon certification by the Developer on or before November 1,
2009, the City will.certify to establish a base value as of January 1,2007.
ARTICLE VII. ASSIGNMENT AND TRANSFER
Section 7.1. Status of the Developer~ Transfer of Substantially All Assets. As
security for the obligations of the Developer under this Agreement, the Developer
represents and agrees that, prior to the issuance of the Certificate of Completion and prior
to the Termination Date, the Developer will maintain existence as an adequately
capitalized corporation and will not wind up or otherwise dispose of all or substantially
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all of the Development Property and Minimum Improvements, or assign its interest in this
Agreement to any other party unless (i) the transferee partnership, corporation, limited
liability company or individual assumes in writing all of the obligations ofthe Developer
under this Agreement and (ii) the City consents thereto in writing in advance thereof.
Notwithstanding the foregoing, however, or any other provisions ofthis Agreement, (a)
Developer may transfer its interest in and to this Agreement to any affiliate which is
controlled by, under common control with, or controls Developer or to any entity that
acquires all or substantially all of the assets of the Developer or to any corporate
successor to Developer by consolidation, merger, or otherwise, and (b) the Developer
may (1) pledge any and/or all of its assets as security for any financing of the Minimum
Improvements; (2) assign its rights under this Agreement to a third party, provided such
assignment shall not release the Developer of its obligations hereunder, and the City
agrees in writing that Developer may assign its interest under this Agreement for such
purpose; and (3) the Developer may transfer its ownership interest to a third-party under
an arrangement whereby Developer will lease the Development Property back and
continue to satisfy the requirements of this Agreement.
ARTICLE VIII. ECONOMIC DEVELOPMENT GRANTS
Section 8.1. Economic Development Grants. ( a) For and in consideration of the
obligations being assumed by the Developer hereunder, and in furtherance of the goals
and objectives of the Urban Renewal Plan for the Project Area and the Urban Renewal
Act, the City agrees to provide three (3) annual grants to the Developer, subject to the
Developer having received a Certificate of Completion and being and remaining in
compliance with the terms of this Agreement and subject to the terms of this Article VIII.
The annual grants shall commence on June 1,2011 and end on June 1,2013, and the
total of all grants shall not exceed $600,000. Each of the three (3) annual grants shall be
equal to one hundred percent (100%) per fiscal year of the Tax Increments collected by
the City with respect to the Minimum Improvements on the Development Property
pursuant to Section 403.9 of the Urban Renewal Act under the terms of the Ordinance
(without regard to any averaging that may otherwise be utilized under Section 403.19(6)
and excluding any interest that may accrue thereon prior to payment to the Developer)
during the preceding twelve-month period in respect of the Development Property and the
Minimum Improvements, but subject to adjustment and conditions precedent as provided
in this Article (such payments being referred to collectively as the "Economic
Development Grants").
(b) The obligation of the City to make an Economic Development Grant to the
Developer in any year as specified above shall be subject to and conditioned upon the
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timely filing by the Developer of all previous annual statements, proofs and certifications
required under Section 6.6 hereof and the City Manager's approval thereof. Beginning
with the November 1,2009 certification, if the Developer's annual statement, proof and
certification is timely filed and contains the information required under Section 6.6 and
the City Manager approves of the same, the City shall certify to the County prior to
December 1 of that year its request for the available Tax Increments resulting from the
assessments imposed by the County as of January 1 of that year, to be collected by the
City as taxes are paid during the following fiscal year and which shall thereafter be
disbursed to the Developer on June 1 of the following fiscal year. (For example, if the
Developer and the City each so certify on November and December 2009, respectively,
the first Economic Development Grant would be paid to the Developer on June 1, 2011).
(c) In the event that the annual statement, proof or certification required to be
delivered by the Developer under Section 6.6 is not delivered to the City by November 1
of any year, the Developer recognizes and agrees that the City may have insufficient time
to review and approve the same and certify its request for Tax Increments to the County
and that, as a result, no Economic Development Grant may be made to the Developer in
respect thereof and said Economic Development Grant may be forfeited for that particular
fiscal year.
(d) The total, aggregate amount of all Economic Development
Grants under this Agreement shall not exceed $600,000. Each Economic Development
Grant shall be equal to one hundred percent (100%) of all Tax Increments collected per
fiscal year in respect of the assessments imposed on the Development Property and
Minimum Improvements as of January 1, 2009, and on January 1 of each of the following
three (3) years, until the total, aggregate of all such Economic Development Grants equals
no more than the sum total of $600,000. The final grant shall be adjusted, if necessary, if
payment of 100% of Tax Increments for that grant would result in total, aggregate
Economic Development Grants in an amount exceeding $600,000. Such Economic
Development Grants shall at all times be subject to termination in accordance with the
terms of this Article VIII and Article X. Thereafter, the taxes levied on the Development
Property and Minimum Improvements shall be divided and applied in accordance with the
Urban Renewal Act and the Ordinance. It is recognized by all parties that the total
aggregate amount set forth above is a maximum amount only and that the actual payment
amounts will be determined after the Minimum Improvements are completed and the
valuations of said Improvements have been determined by the City Assessor.
(e) In the event that any certificate filed by the Developer under Section 6.6 or
other information available to the City discloses the existence or prior occurrence of an
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Event of Default that was not cured or cannot reasonably be cured under the provisions of
Section 10.2 (or an event that, with the passage of time or giving of notice, or both, would
become an Event of Default that cannot reasonably be cured under the provisions of
Section 10.2), the City shall have no obligation thereafter to make any further payments to
the Developer in respect of the Economic Development Grants and may proceed to take
one or more of the actions described in Section 10.2 hereof.
Section 8.2. Source of Grant Funds Limited. (a) The Economic Development Grants
shall be payable from and secured solely and only by amounts deposited and held in the
IOWA CITY AMBULATORY SURGICAL CENTER. L.L.C. - TIF Account of the City.
The City hereby covenants and agrees to maintain the Ordinance in force during the term
hereof and to apply the incremental taxes collected in respect of the Minimum
Improvements and allocated to the IOWA CITY AMBULATORY SURGICAL
CENTER. L.L.C. - TIF Account to pay the Economic Development Grants, as and to the
extent set forth in Section 8.1 hereof. The Economic Development Grants shall not be
payable in any manner by other tax increment revenues or by general taxation or from any
other City funds.
(b) Notwithstanding the provisions of Section 8.1 hereof, the City shall have no
obligation to make an Economic Development Grant to the Developer if at any time
during the term hereof the City receives an opinion of its legal counsel to the effect that
the use of Tax Increments resulting from the Minimum Improvements to fund an
Economic Development Grant to the Developer, as contemplated under said Section 8.1,
is not authorized or otherwise an appropriate project activity permitted to be undertaken
by the City under the Urban Renewal Act or other applicable provisions of the Code, as
then constituted, or under a controlling decision of an Iowa court having jurisdiction over
the subject matter hereof. Upon receipt of such an opinion or controlling decision by an
Iowa court, the City shall promptly forward a copy of the same to the Developer. If the
circumstances or legal constraints giving rise to the opinion or controlling decision
continue for a period during which two (2) Economic Development Grants would
otherwise have been paid to the Developer under the terms of Section 8.1, the City may
terminate this Agreement, without penalty or other liability to the Developer, by written
notice to the Developer.
( c) The City makes no representation with respect to the amounts that may finally be
paid to the Developer as the Economic Development Grants, and under no circumstances
shall the City in any manner be liable to the Developer so long as the City timely applies
the Tax Increments actually collected and held in the IOWA CITY AMBULATORY
SURGICAL CENTER. L.L.C. - TIF Account (regardless of the amounts thereof) to the
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payment of the Economic Development Grants to the Developer, as and to the extent
described in this Article.
Section 8.3. Use of Other Tax Increments. Subject to this Article VIII, the City shall
be free to use any and all Tax Increments collected in respect of increases in valuation on
the Development Property unrelated to construction of the Minimum Improvements (i.e.
increases in assessed or actual value due to market factors) any other properties within the
Project Area, or any available Tax Increments resulting from the suspension or
termination of the Economic Development Grants under Section 8.1 hereof, for any
purpose for which the Tax Increments may lawfully be used pursuant to the provisions of
the Urban Renewal Act, and the City shall have no obligations to the Developer with
respect to the use thereof.
ARTICLE IX. INDEMNIFICATION
Section 9.1. Release and Indemnification Covenants.
(a) The Developer releases the City and the governing body members, officers,
agents, servants and employees thereof (hereinafter, for purposes of this Article IX, the
"indemnified parties") from, covenants and agrees that the indemnified parties shall not
be liable for, and agrees to indemnify, defend and hold harmless the indemnified parties
against, any loss or damage to property or any injury to or death of any person occurring
at or about or resulting from any defect in the Minimum Improvements.
(b) Except for any willful misrepresentation or any willful or wanton misconduct
or any unlawful act of the indemnified parties, the Developer agrees to protect and defend
the indemnified parties, now or forever, and further agrees to hold the indemnified parties
harmless, from any claim, demand, suit, action or other proceedings whatsoever by any
person or entity whatsoever arising or purportedly arising from (i) any violation of any
covenant, term or condition of this Agreement (except with respect to any suit, action,
demand or other proceeding brought by the Developer against the City to enforce its
rights under this Agreement), (ii) the acquisition and condition of the Development
Property and the construction, installation, ownership, and operation of the Minimum
Improvements or (Hi) any hazardous substance or environmental contamination located in
or on the Development Property relating to conditions caused by Developer after the
effective date of this Agreement.
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(c) The indemnified parties shall not be liable for any damage or injury to the
persons or property of the Developer or its officers, agents, servants or employees or any
other person who may be about the Minimum Improvements due to any act of negligence
of any person, other than any act of negligence on the part of any such indemnified party
or its officers, agents, servants or employees.
(d) All covenants, stipulations, promises, agreements and obligations of the City
contained herein shall be deemed to be the covenants, stipulations, promises, agreements
and obligations of the City, and not of any governing body member, officer, agent,
servant or employee of the City in their individual capacity thereof.
( e) The provisions of this Article IX shall survive the termination of this
Agreement.
ARTICLE X. DEFAULT AND REMEDIES
Section 10.1. Events of Default Defined. The following shall be "Events of Default"
under this Agreement and the term "Event of Default" shall mean, whenever it is used in
this Agreement, anyone or more of the following events:
(a) Failure by the Developer to cause the construction of the Minimum
Improvements to be commenced and completed pursuant to the terms, conditions and
limitations of Article III of this Agreement;
(b) Transfer of any interest in this Agreement or the assets of the Developer in
violation of the provisions of Article VII of this Agreement;
(c) Failure of the Developer to provide and maintain, until the termination date
of this agreement as outlined in Section 12.8, the requisite jobs outlined in Section 3.2;
(d) Failure by the Developer to substantially observe or perform any covenant,
condition, obligation or agreement on its part to be observed or performed under this
Agreement;
(e) The holder of any Mortgage on the Development Property, or any
improvements thereon, or any portion thereof, commences foreclosure proceedings as a
result of any default under the applicable Mortgage documents;
(f) If the Developer shall:
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(A) file any petition in bankruptcy or for any reorganization, arrangement,
composition, readjustment, liquidation, dissolution, or similar relief under the United
States Bankruptcy Act of 1978, as amended, or under any similar federal or state law; or
(B) make an assignment for the benefit of its creditors; or
(C) admit in writing its inability to pay its debts generally as they become
due; or
(D) be adjudicated a bankrupt or insolvent; or if a petition or answer
proposing the adjudication of the Developer as a bankrupt or its reorganization under any
present or future federal bankruptcy act or any similar federal or state law shall be filed in
any court and such petition or answer shall not be discharged or denied within ninety (90)
days after the filing thereof; or a receiver, trustee or liquidator of the Developer or the
Minimum Improvements, or part thereof, shall be appointed in any proceedings brought
against the Developer, and shall not be discharged within ninety (90) days after such
appointment, or if the Developer shall consent to or acquiesce in such appointment; or
(g) If any representation or warranty made by the Developer in this Agreement,
or made by the Developer in any written statement or certificate furnished by the
Developer pursuant to this Agreement, shall prove to have been incorrect, incomplete or
misleading in any material respect on or as of the date of the issuance or making thereof.
Section 10.2. Remedies on Default. Whenever any Event of Default referred to in
Section 10.1 of this Agreement occurs and is continuing, the City, as specified below,
may take anyone or more of the following actions after (except in the case of an Event of
Default under subsections (e) or (t) of said Section 10.1 in which case action may be
taken immediately) the giving of thirty (30) days' written notice by the City to the
Developer and the holder of the First Mortgage (but only to the extent the City has been
informed in writing of the existence of a First Mortgage and been provided with the
address of the holder thereof) of the Event of Default, but only if the Event of Default has
not been cured within said thirty (30) days, or if the Event of Default cannot reasonably
be cured within thirty (30) days and the Developer does not provide assurances
reasonably satisfactory to the City that the Event of Default will be cured as soon as
reasonably possible:
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( a) The City may suspend its performance under this Agreement until it
receives assurances from the Developer, deemed adequate by the City, that the Developer
will cure its default and continue its performance under this Agreement;
(b) The City may terminate this Agreement;
(c) The City may withhold the Certificate of Completion;
(d) The City may take any action, including legal, equitable or
administrative action, which may appear necessary or desirable to enforce performance
and observance of any obligation, agreement, or covenant of the Developer, as the case
may be, under this Agreement; or
(e) The City shall be entitled to recover from the Developer, and the
Developer shall re-pay to the City, an amount equal to the most recent Economic
Development Grant previously made to the Developer under Article VIII hereof, and the
City may take any action, including any legal action it deems necessary, to recover such
amount from the Developer. In the event that the City prevails in recovering the most
recent Economic Development Grant previously made to the Developer under Article
VIII hereof, the City shall also be entitled to recover attorney fees from the Developer.
Section 10.3. No Remedy Exclusive. No remedy herein conferred upon or reserved
to the City is intended to be exclusive of any other available remedy or remedies, but each
and every remedy shall be cumulative and shall be in addition to every other remedy
given under this Agreement or now or hereafter existing at law or in equity or by statute.
No delay or omission to exercise any right or power accruing upon any default shall
impair any such right or power or shall be construed to be a waiver thereof, but any such
right and power may be exercised from time to time and as often as may be deemed
expedient.
Section lOA. No Implied Waiver. In the event any agreement contained in this
Agreement should be breached by any party and thereafter waived by any other party,
such waiver shall be limited to the particular breach so waived and shall not be deemed to
waive any other concurrent, previous or subsequent breach hereunder.
Section 10.5. Agreement to Pay Attorneys' Fees and Expenses. Whenever any Event
of Default occurs and the party who is not in default shall employ attorneys or incur other
expenses for the collection of payments due or to become due or for the enforcement or
performance or observance of any obligation or agreement on the part of the party in
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default herein contained, the party in default agrees that it shall, on demand therefor, pay
to the party not in default the reasonable fees of such attorneys and such other expenses as
may be reasonably and appropriately incurred by the party not in default in connection
therewith.
ARTICLE XI. OPTION TO TERMINATE AGREEMENT
Section 11.1. Option to Terminate. This Agreement may be terminated by the
Developer if (i) the Developer is in compliance with all material terms of this Agreement
and no Event of Default has occurred which has not been cured in accordance with the
provisions of Section 10.2 hereof; and (ii) the City fails to comply with any material term
of this Agreement, and, after written notice by the Developer of such failure, the City has
failed to cure such noncompliance within ninety (90) days of receipt of such notice, or, if
such noncompliance cannot reasonably be cured by the City within ninety (90) days of
receipt of such notice, the City has not provided assurances reasonably satisfactory to the
Developer that such noncompliance will be cured as soon as reasonably possible.
Section 11.2. Effect of Termination. If this Agreement is terminated pursuant to this
Article XI, this Agreement shall be from such date forward null and void and of no
further effect; provided, however, that the City's rights to indemnification under Article
IX hereof shall in all events survive and provided further that the termination of this
Agreement shall not affect the rights of any party to institute any action, claim or demand
for damages suffered as a result of breach or default of the terms of this Agreement by
another party, or to recover amounts which had accrued and become due and payable as
of the date of such termination. In any such action, the prevailing party shall be entitled to
recover its reasonable attorneys fees and related expenses incurred in connection
therewith (but only, in the case of recovery of such fees against the City, to the extent
permitted by applicable law). Upon termination of this Agreement pursuant to this Article
XI, the Developer shall be free to proceed with the construction and operation of the
Minimum Improvements at its own expense and without regard to the provisions of this
Agreement.
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ARTICLE XII. MISCELLANEOUS
Section 12.1. Conflict of Interest. The Developer represents and warrants that, to its
best knowledge and belief after due inquiry, no officer or employee of the City, or its
designees or agents, nor any consultant or member of the governing body of the City, and
no other public official of the City who exercises or has exercised any functions or
responsibilities with respect to the Project during his or her tenure, or who is in a position
to participate in a decision-making process or gain insider information with regard to the
Project, has had or shall have any interest, direct or indirect, in any contract or
subcontract, or the proceeds thereof, for work or services to be performed in connection
with the Project, or in any activity, or benefit therefrom, which is part of the Project at any
time during or after such person's tenure.
Section 12.2. Notices and Demands. A notice, demand or other communication
under this Agreement by any party to the other shall be sufficiently given or delivered if it
is dispatched by registered or certified mail, postage prepaid, return receipt requested, or
delivered personally, and
(a) In the case of the Developer, is addressed or delivered personally to
the Developer at 2419 Northgate St, Iowa City, Iowa 52240.
(b) In the case of the City, is addressed to or delivered personally to the
City at the Iowa City City Hall, 410 E. Washington Street, Iowa City, Iowa, 52240,
Attn: City Manager;
or to such other designated individual or to such other address as any party shall have
furnished to the other in writing in accordance herewith.
Section 12.3. Titles of Articles and Sections. Any titles of the several parts, Articles,
and Sections of this Agreement are inserted for convenience of reference only and shall
be disregarded in construing or interpreting any of its provisions.
Section 12.4. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall constitute one and the same instrument.
Section 12.5. Governing Law. This Agreement shall be governed and construed in
accordance with the laws of the State of Iowa.
- 20-
draft - draft - draft - draft - draft
Section 12.6. Entire Agreement. This Agreement and the exhibits hereto reflect the
entire agreement between the parties regarding the subject matter hereof, and supersedes
and replaces all prior agreements, negotiations or discussions, whether oral or written.
This Agreement may not be amended except by a subsequent writing signed by all parties
hereto.
Section 12.7. Successors and Assigns. This Agreement is intended to and shall inure
to the benefit of and be binding upon the parties hereto and their respective successors
and assigns.
Section 12.8. Termination Date. This Agreement shall terminate and be of no
further force or effect on and after December 31, 2011.
IN WITNESS WHEREOF, the City has caused this Agreement to be duly executed
in its name and behalf by its Mayor and its seal to be hereunto duly affixed and attested
by its City Clerk, the Developer has caused this Agreement to be duly executed in its
name and behalf by Iowa City Ambulatory Surgical Center, L.L.C.
(SEAL)
CITY OF IOWA CITY, IOWA
By:
Mayor
- 21 -
drnft-drnft-drnft-drnft-drnft
ATTEST:
By:
City Clerk
IOWA CITY AMBULATORY SURGICAL CENTER. L.L.C.
By:
ATTEST:
By:
(title)
STATE OF IOWA
)
) SS
COUNTY OF
)
On this day of ,2007, before me a Notary Public in and
for said County, personally appeared Ross Wilburn and Marian Karr to me personally
known, who being duly sworn, did say that they are the Mayor and City Clerk,
respectively of the City of Iowa City, Iowa, a Municipal Corporation, created and existing
under the laws of the State of Iowa, and that the seal affixed to the foregoing instrument
is the seal of said Municipal Corporation, and that said instrument was signed and sealed
on behalf of said Municipal Corporation by authority and resolution of its City Council
and said Mayor and City Clerk acknowledged said instrument to be the free act and deed
of said Municipal Corporation by it voluntarily executed.
Notary Public in and for Johnson County, Iowa
- 22-
draft - draft - draft - draft - draft
STATE OF
)
) SS
COUNTY OF
)
On this day of , 2007, before me the undersigned, a
Notary Public in and for said County, in said State, personally appeared
and , to me personally known, who, being by
me duly sworn, did say that they are the and of
Iowa City Ambulatory Surgical Center, L.L.c., and that said instrument was signed on
behalf of said corporation; and that the said and
, as such officers acknowledged the execution of said instrument
to be the voluntary act and deed of said corporation, by them voluntarily executed.
Notary Public in and for
County and State
- 23 -
draft - draft - draft - draft - draft
EXHIBIT A
DEVELOPMENT PROPERTY
The Development Property is described as consisting of all that certain parcel or
parcels. of land located in the City of Iowa City, County of Johnson, State of Iowa, more
particularly described as follows:
LEGAL DESCRIPTION
Lot 12, Highlander Development Third Addition, Iowa City, Iowa, according to the
plat thereof recorded in Book 44, Page 215, Plat Records of Johnson County, Iowa.
EXHIBIT B
MINIMUM IMPROVEMENTS
The Developer agrees to complete Minimum Improvements generally consisting of
the construction of a new 20,000 square foot building to house the operating rooms and
support areas. The new building will include four to six operating rooms and related
support areas. The construction of the Minimum Improvements must increase the actual
assessed value of the Development Property by at least 15% over the actual assessed
value on January 1,2007.
A-I
draft - draft - draft - draft - draft
EXHIBIT C
CERTIFICATE OF COMPLETION
WHEREAS, the City of Iowa City, Iowa (the "City") and IOWA CITY
AMBULATORY SURGICAL CENTER, L.L.C. having an office for the transaction of
business at 2419 Northgate St., Iowa City, Iowa 52240 (the "Developer"), did on or about
the day of , 2007, make, execute and deliver, each to the other, an
Agreement for Private Redevelopment (the "Agreement"), wherein and whereby the
Developer agreed, in accordance with the terms of the Agreement, to develop and
maintain certain real property located within the City and as more particularly described
as follows:
LEGAL DESCRIPTION
Lot 12, Highlander Development Third Addition, Iowa City, Iowa, according to the
plat thereof recorded in Book 44, Page 215, Plat Records of Johnson County, Iowa.
WHEREAS, the Agreement incorporated and contained certain covenants and
restrictions with respect to the development of the Development Property, and obligated
the Developer to construct certain Minimum Improvements (as defined therein) in
accordance with the Agreement; and
WHEREAS, the Developer has to the present date performed said covenants and
conditions insofar as they relate to the construction of said Minimum Improvements in a
manner deemed by the City to be in conformance with the approved building plans to
permit the execution and recording of this certification.
NOW, THEREFORE, pursuant to Section 3.4 of the Agreement, this is to certify
that all covenants and conditions of the Agreement with respect to the obligations of the
Developer, and its successors and assigns, to construct the Minimum Improvements on
the Development Property have been completed and performed by the Developer and are
hereby released absolutely and forever terminated insofar as they apply to the land
described herein. The County Recorder of Johnson County is hereby authorized to accept
for recording and to record the filing of this instrument, to be a conclusive determination
of the satisfactory termination of the covenants and conditions of said Agreement with
respect to the construction of the Minimum Improvements on the Development Property.
C-2
draft - draft - draft - draft - draft
All other provisions of the Agreement, including but not limited to the job creation
and retention requirements, shall otherwise remain in full force and effect until
termination as provided therein.
(SEAL)
CITY OF IOWA CITY, IOWA
By:
Mayor
ATTEST:
By:
City Clerk
STATE OF IOWA )
) SS
COUNTY OF JOHNSON )
On this day of ,2007, before me a Notary Public in and for
said County, personally appeared Ross Wilburn and Marian Karr, to me personally
known, who being duly sworn, did say that they are the Mayor and City Clerk,
respectively of the City of Iowa City, Iowa, a Municipal Corporation, created and existing
under the laws of the State of Iowa, and that the seal affixed to the foregoing instrument
is the seal of said Municipal Corporation, and that said instrument was signed and sealed
on behalf of said Municipal Corporation by authority and resolution of its City Council
and said Mayor and City Clerk acknowledged said instrument to be the free act and deed
of said Municipal Corporation by it voluntarily executed.
Notary Public in and for Johnson County, Iowa
C - 3
Marian Karr
rnJ
From:
Sent:
To:
Subject:
maeryn-goldman@uiowa.edu
Wednesday, September 12, 200710:04 AM
Council
event this thursday--Roosevelt Institution
To the Iowa City City Council,
I am writing you today to invite you to attend an event hosted by the Roosevelt
Institution, a student run think tank, taking place tomorrow-Thursday, September
Thirteenth at eight o'clock in the Lucas Dodge Room of the university of Iowa Memorial
Union.
We are hosting a panel discussion regarding the 21 ordinance that will be voted on this
November. We will be having student speakers from both sides as well as members of the
community. I hope that you will be interested in coming.
Thank you,
Maeryn Goldman
Roosevelt Institution
Events Coordinator
1
Page I of2
Marian Karr
From: Phyllis Peters [ppeters@mediacomcc.com]
Sent: Thursday, September 13, 2007 8:57 PM
To: Council; Dale Helling; Ross Wilburn; Regenia Bailey; Amy Correia; Dee Vanderhoef
Cc: 'Lee Grassley'
Subject: C-SPAN Book TV; open house & tours at Iowa Memorial Union
Attachments: Book TV in Iowa City.doc
Greeting Mayor Wilburn and City officials -
We at Mediacom want you to know about a special visit of the C-SPAN Book TV Bus. It will be in your community
at the Iowa Memorial Union on Tuesday afternoon, Sept. 18, from noon to 3:00 pm. The media advisory below
and attached provides more details. We're pleased that Mediacom, along with others in the cable industry,
provide the support for the C-SPAN - a public affairs network that is commercial free and a service to the public.
Several non-fiction authors will be interviewed by the Book TV team during the bus visit - and the public is invited
for tours at any time. We especially hope to engage students to make them aware of this resource. In separate
e-mail notes, weare notifying Drew Shaffer and the staff of your city's library. People with a passion for authors
and nonfiction books will enjoy this open house event, so please feel free to share the word with people you
know. If time permits for you, please stop by. Thank you. / Lee Grassley and Phyllis Peters at Mediacom
Communications
MEDIACOM BRINGS THE C-SPAN2 BOOK TV BUS
TO IOWA CITY
Interactive, mobile "Television Studio on Wheels" to stop at Iowa Memorial Union
WASHINGTON, D.C., (September, 142007) - C-SP AN2's Book TV Bus will be open for tours and presentations
at the University ofIowa, on Tuesday September, 18th from Noon to 3:00 pm. The Book TV Bus will be parked
at the Iowa Memorial Union. Mediacom Communications is hosting the visit to give students, faculty and area
residents an inside look at this custom-built coach that is part of the public service programming offered by the
non-profit C-SP AN Television Networks.
A vehicle like no other, the Book TV Bus is a 45-foot coach that serves as a mobile television studio and multi-
media demonstration center. Due to the national impact of the Iowa Caucuses, C-SP AN hopes to demonstrate to
the students all of the valuable resources offered by the public affairs networks of C-SP AN, and specifically the
48 hours of nonfiction books aired every weekend on Book TV.
"We invite the public to the Book TV 'Open House' to see how this network offers a comprehensive, in-depth
look at the work being done by today's top nonfiction authors and their impact on policy matters and historical
perspectives," said Doug Frank, Mediacom's regional vice president in Cedar Rapids. "C-SP AN programs are a
contrast to a media environment based on sound bytes, and we're proud that Mediacom and the cable industry
provide the support for this privately-funded network."
While visiting the university, the Bus will also interview three members of University ofIowa family about their
books for future Book TV programming. These authors include:
. Linda Kerber - No Constitutional Right to Be Ladies: Women and the Obligations of Citizenship
. Huston Diehl- Dream not of Other Worlds: Teaching in a Segregated Elementary School, 1970
9/1412007
Page 2 of2
. Joshua Casteel - former Abu Ghraib interrogator and Univ of Iowa MFA candidate
Launched in September of2005, the Book TV Bus has since traveled through 41 states and 260 cities, hosting
over 100,000 visitors. For more information on the Book TV Bus visit http://www.booktvbus.org or view video
of our travels at http://www.myspace.comlbooktvbus.
About Book TV
Every weekend starting Saturday, 8 am to Monday, 8 am ET, Book TV airs 48 hours of non-fiction book
programming on a variety of topics including history, biographies, politics, current events, and the media. Book
TV features author interviews, readings, and panels at bookstores, libraries, and book festivals across the country.
For more information, visit the Book TV Web site at www.booktv.org.
About C-SP AN
C-SPAN, the political network of record, was created in 1979 by America's cable companies as a public service.
C-SP AN is currently available in 90 million households, C-SP AN2 in 82 million households, and C-SP AN3 in
more than 12 million households nationwide. For more information about C-SP AN, visit www.c-span.org.
Mediacom subscribers in the Iowa City and Cedar Rapids areas will find C-SP AN on channel 14 and C-SP AN2
on channel 77.
###
Contacts:
Scott Peterson, C-SP AN --
0) 202-626-4360 or c) 202-309-3358
Phyllis Peters, Mediacom -
0) 515-246-2295 orc) 515-707-7148
9/14/2007
I ~~~; I
MINUTES
IOWA CITY BOARD OF ADJUSTMENT
AUGUST 8TH, 2007 - 5:00 PM
EMMA J HARV A THALL - IOWA CITY/CITY HALL
PRELIMINARY
CALL TO ORDER:
Carol Alexander called the meeting to order at 5:00 PM.
MEMBERS PRESENT:
Carol Alexander, Michael Wright, Michele Payne, Ned
Wood, Edgar Thornton
STAFF PRESENT:
Bob Miklo, Sarah Holecek
OTHERS PRESENT:
Jeff Digman
RECOMMENDATION TO COUNCIL (becomes effective only after separate
Council action):
None.
CONSIDERATION OF THE JULY 11.2007 MINUTES:
Wright stated that on page 1, five lines up from the bottom of the first paragraph, where it
states, "... where the current drive entrance now sites." It should be "sits." Payne noted
that in the next paragraph, fourth line up from the bottom, where it states, "... why a curb
cut would be aloud..." - this should be "allowed." She then said that two lines up from
this, where it states, "Neighbors wondered why so the location is so far..." - the first "so"
should be deleted to make it read better. Payne also noted that in the same line as the
"aloud" change, it states "Rohret" and this should probably be "Rohret Road." Payne
then stated that on the top of page 2, where it says, "... drivers are attempting to pull off
into driveway." There should be the word "a" before driveway. Wright noted that since
these minutes are legal records, he feels they should be cleaned up as best they can. He
then noted that on the bottom of page 2, very last line where it states, "Schaeffer said that
it's important that the 18-month extension is important..." - one of the words
"important" needs to be eliminated. He suggested keeping". . . the 18-month extension is
important for the church." Wright then asked Holecek about the Motion at the bottom of
page 3, "Also, Wright moved..." - and if this was okay as typed. Holecek stated it was.
MOTION: Wright moved to approve the July 11, 2007 minutes as amended. Payne
seconded the motion.
The motion was approved 5:0
Board of Adjustment
August 8, 2007
Page 2
Alexander began by reading an opemng statement for the Iowa City Board of
Adjustment.
EXC07-00006: Discussion of an application submitted by Hieronymus Square
Associates for a special exception to allow private, underground off-street parking
in the CB-I0 zone for property located at 314 and 328 South Clinton Street.
Miklo stated that with the Board's permission, he would give an abbreviated staff report
on this application, as the applicants are the only ones present at the meeting, and the
Board Members have all had time to review the application. The Board agreed to an
abbreviated report. Miklo began by showing those present the exact map location of this
project. He stated that the first floor of the building is L-shaped, and then there is a
passageway that allows vehicles to enter the parking area, a valet drop-off or delivery
area, and other short-term loading spots. The parking would be totally underground, with
Burlington Street to the north and Clinton Street to the west. The entrance to the parking
lot would be from the Court Street Transportation Center, so there will not be an actual
physical entrance to this underground parking from the streets that border this property.
Motorists will have to enter the Transportation Center from Dubuque Street. Miklo
showed various depictions of this. He further stated that this parking area would be for
residents who have purchased or leased a dwelling on the upper floors.
Miklo then showed the Board an illustration of what the building will look like from
Burlington and Clinton Streets. He stated that the first several floors of this building will
be commercial, with the upper levels being residential. He noted that there is a vehicle
entrance from Clinton Street that will allow the delivery and drop-off areas, in the center
of the block. Payne asked for clarification on the "split" area of this building. Miklo
further explained the layout and the areas in question. He further stated that a possible
tenant in this building would be a hotel.
In terms of the reasons why this exception is in front of the Board, Miklo stated that the
Zoning Code specifies in CB-l 0, downtown district, that private parking be given a lot of
scrutiny. He further explained the reasons behind this. He stated that it is the policy of
the City to provide public parking downtown in order to be able to direct traffic, not
interfering with pedestrian mobility downtown, and also allows control of the supply of
parking. However, Miklo stated that the Code does allow an exception for this. The
criteria for this exception is that the applicant must demonstrate that there is a need for
this parking, which Miklo stated the applicant has done. He stated that most of the
development in the CB-IO zone is for commercial properties, with residential slowly
being brought in. The nature of residential parking, therefore, is different than
commercial needs, Miklo stated. He further stated that this long-term parking is more
difficult for the City to accommodate, which he stated is why the staff and Council agree
that this development should have private parking with it. He stated that this would be
beneficial to both the public and the developer. Miklo stated that this application
certainly meets that test.
Board of Adjustment
August 8, 2007
Page 3
The other standards have to do more with the aesthetics of the parking, given that this
will be completely underground and not visible to the public. Another concern is that
parking not displace active retail, commercial uses, and again, he stated that since this is
underground parking, it is not taking up land that could have otherwise been devoted to
other uses. Miklo stated that staff believes this clearly meets the specific tests that the
City looks for when considering private parking downtown. Also, as outlined in the staff
report, Miklo states that it also meets the general test that is looked at for Special
Exceptions. He stated that if the Members have any questions, he would be happy to try
and answer them.
Payne stated that on page 3, where it talks about number of parking spots per unit, she
noticed that it states 3-bedroom units - 1 parking space, and she wondered if this
shouldn't be 2. Miklo agreed, stating that this was an error. Payne further asked if there
is an exact formula for the 200 parking spaces or more, to which Miklo stated that they
do not know this yet as they do not know the exact number of units yet.
Wood asked about the "tandem" parking spaces. Miklo explained that these are spaces
one in front of another, and he pointed these out on a diagram for the Members. Payne
asked if the tandem spots count as regular parking. Miklo stated they do not - that the
developer does not get any credit for these spots being regular parking spaces. Thornton
asked about spaces for disabled, and also the total number of spaces. He questioned if 80
parking spaces will be enough. Miklo stated that this is all that can be provided
physically on this site, and that the other spaces will be via residents acquiring parking
spaces in the Court Street Transportation Center next door. Payne asked how many
parking spaces are available in the Transportation Center. Miklo stated that he believes
there are 500 to 600 spaces in this deck.
Payne asked if the CB-I0 zone has a parking requirement, to which Miklo stated it does
not. The Code currently states that CB-IO zoning does not require parking, and you are
not allowed to provide parking, unless the Board of Adjustment approves this. He further
stated that when this property was rezoned from CB-5 to CB-IO, the Council, on
recommendation from Planning and Zoning and staff, did require that some parking must
be provided on the site, and also have to pay in to the Parking Impact Fee Fund, which is
a geographic area south of Burlington Street. The City has been collecting funds from
developers in these areas. The fee is for spaces that are not provided, for which the City
provides public parking. Payne asked further about these requirements, stating that if the
developer were building this directly north of where they are now, they would not have
any of these requirements. Miklo gave further examples of the parking fund/fee and CB-
10 zones, stating that this project did need to address the residential parking demand in
this area, otherwise it would not work out well for parking demand. Payne asked if there
was consideration given to the fact that at least 80 more vehicles will be driving through
the Transportation Center in order to access this underground parking. She noted that the
wear and tear would be higher with the increased traffic. Miklo stated that this area of
the Transportation Center's ramp is an area that is less used, and that the City did build
this ramp to promote development in the area. Wood asked if this is the only entrance, to
which Miklo stated there is also an entrance on Court Street.
Board of Adjustment
August 8, 2007
Page 4
Thornton asked if thought has been given to further development in this particular area,
with similar properties. Miklo stated that Planning and Zoning recently looked at the
property directly to the east, and that this property is much narrower than the Hieronymus
Square project. He showed the Members this area on a diagram, further stating that this
narrower area is not able to accommodate any parking. The recommendation will be for
this developer to pay into the parking impact fee for 100% of the parking they would
have had to provide under the CB-5 zoning. Miklo stated that the last parking study done
encouraged a parking structure in this area, and the City continues to collect fees for this.
Alexander asked that either Miklo or Holecek clarify for the Board what decisions have
already been made on this project by Planning and Zoning and the Council, and what is
truly before the Board of Adjustment. Miklo stated that the decision has been made to
rezone this area to CB-IO, and have also amended the Comprehensive Plan to talk
generally about the block between Burlington and Court Street, roughly from Clinton
back to Gilbert Street, as having the potential for further CB-IO zoning, provided issues
such as parking, pedestrian, aesthetics are addressed. He stated that this is not a "done
deal," but if an applicant can demonstrate a way of addressing those concerns, such as
paying into the parking impact fund or providing parking on site, and the building design
is such that it contributes to the downtown, then it is likely that further properties will
also be rezoned CB-IO. This property, however, will be CB-IO, and that it is required to
provide 80 parking spaces on site, and also required to pay into the parking impact fee for
any of the bedrooms that would have had required parking under CB-IO. As for the
Board of Adjustment's charge, they need to determine whether the layout configuration
of this parking facility meets the criteria of the Code, which are mostly aesthetics and
mostly about not displacing commercial development. The other question is whether
there is a demand for this parking, that it will not compete with public facilities. Miklo
further stated that if the Board feels there is not enough evidence here, that this parking
will be competing with public facilities, and that aesthetically it does not meet the Code,
then the Board could vote to not approve this exception. However, Miklo stated that staff
feels it is clear that it does meet the criteria. Miklo ended by stating that staff
recommends that EXC07-00006, an application for private, off-street parking in the
Central Business (CB 1 0) zone at 314 & 328 S. Clinton Street be approved subject to
general compliance with the application submitted.
Alexander asked if anyone had any questions for the applicant. Wood asked if they had
any idea how many people might be living in these residences. Alexander asked that the
applicant come forward to the microphone to address this question. Digman stated that
the high-end condos will probably have two people, which would be around 170 people,
and then the 80 plus hotel rooms, which could be around 140 people on a full night, and
then there are two floors of office space, with the first floor being retail, and a restaurant
on the ih floor. He stated that this building alone would need approximately 500 parking
stalls on a busy weekend. Miklo stated that one of the theories the City has used is this is
the type of place someone could live without a vehicle. Alexander asked if there were
any more questions before she closed the Public Hearing. Payne asked about the 80
parking spaces, and if they would be used for the hotel occupants or the office or retail
Board of Adjustment
August 8, 2007
Page 5
units. Digman stated that these would be for residents who live in the building. He
further stated that the area of the parking ramp where residents will access this
underground parking is a small area with only 20 spaces or so. He further explained how
this underground area would be a secure area for the condo residents. Thornton stated
that he is unable to understand how you enter the Transportation Center and then enter
this proposed parking. Digman further explained how this will look, and how residents
will have the only access to this. Payne stated that she still feels 80 spaces is not enough.
Digman reiterated that this is the maximum amount they can fit underground.
Public Hearing Closed
MOTION: Wood moved that EXC07-00006, an application for private, off-street
parking in the Central Business (CB-I0) zone at 314 & 328 S. Clinton Street be
approved, subject to general compliance with the application submitted. Wright
seconded the motion.
Wood stated that there is obviously a demand for parking, and that it cannot be satisfied
through the public parking system, therefore, this criteria is met. He continued, stating
that the design must not detract from, or prevent, active building uses on the ground level
floor of the building, and that it appears that even with the 3-foot rise, it should not
detract from or prevent active building uses on the ground floor level. He further stated
that the parking will not interfere with the ground floor uses of the building. Under
General Standards, it will not be detrimental nor danger the public health, safety,
comfort, or general welfare. The access to the parking is through the Court Street
Transportation Center, and is off of a street that does not have a high volume of traffic.
Wood continued, stating that this exception would not injurious to the use and enjoyment
of other property in the immediate vicinity, nor will it diminish or impair property values
in the neighborhood. This is an area that has been commercially developed, and Wood
stated that this should be a nice addition to the area. The parking area will be
undetectable from other properties in the vicinity, and it will alleviate the demand for
parking from the public parking facility next door. It will not impede the normal and
orderly development and improvement of surrounding property, and it will conserve
spaces in the Court Street Transportation Center. Wood further stated that it will make
commercial use available on the ground floor; and all necessary facilities have been
provided for. Ingress and egress, through the Court Street Transportation Center, have
been addressed, as well. This exception is also consistent with the City's Comprehensive
Plan. Wood concluded that he is inclined to support this exception.
Thornton stated that first of all, he applauds the designers for meeting all of the standards
of the Code. He further stated that he believes, as Wood stated, that it does meet the
standards as set forth, and should not have a negative impact on the community.
However, he stated he does have some reservations about the number of spaces being
made available. He noted his concerns about traffic increases, and that he has some
reservations about the plan. Thornton stated that he will vote in favor of the exception.
Board of Adjustment
August 8, 2007
Page 6
Payne stated that she totally agrees with Thornton that, as the criteria is set forth, this
exception does meet the criteria. However, she also feels there will be a strain on the
parking downtown, especially during the school year. She feels this will add to the
already existing problem, and will continue to grow until the parking problem is
addressed. She, too, will vote for this exception as it meets all the criteria, but she does
have serious concerns about parking in the downtown area. Wright stated that this
clearly pokes at an issue in the Zoning Code that could use some refining. However, he
also feels this exception meets the criteria, and states that the 80 plus spaces definitely
addresses the criteria. He will also vote in favor. Alexander stated that she too would
vote in favor.
The motion was approved 5:0
OTHER:
Miklo addressed the concerns of the entering and exiting, and stated that this is a
legitimate concern for the Board to address. He stated that staff feels this will be a safe
situation. Wright noted that he feels convenience is more of an issue, but that this is not
for the Board to consider. Miklo stated that he feels the Board has raised some good
concerns about the CB 1 0 zone and parking downtown. He further stated that Planning
and Zoning instructed the staff to reexamine the CB 1 0 zone downtown, and that they will
be doing this. Parking is a top concern for P&Z. Miklo stated that they may contact the
Board of Adjustment for their ideas on this issue, or perhaps they may want to serve on a
committee that would address the parking issues. Thornton asked about long-term ideas,
and how long does Miklo think the City will uphold its monopoly on parking. Miklo
stated that this policy has been in place since the mid-1970's, when they started the urban
renewal process. Miklo further stated that as the downtown moves further south, they
would have to address this issue further. Payne asked Miklo further questions about the
rezoning of this area.
BOARD OF ADJUSTMENT INFORMATION:
Holecek stated that there is nothing to report on Shelter House yet.
Miklo stated that Members will be contacted if there is to be no meeting next month.
ADJOURNMENT:
Alexander adjourned the meeting at 5:53 PM.
Board of Adjustment
Attendance Record
2007
TERM 1/10 3/28 4/11 4/28 5/9 6/13 7/11 8/8 9/12 10/10 11/14 12/12
NAME EXP.
Carol Alexander 01/01/08 X X DIE X X NM X X
Michael Wright 01/01/09 X X X X X NM X X
Ned Wood 01/01/1 0 X X X X X NM DIE X
Michelle Payne 01/01/11 X X X X X NM X X
Edgar Thornton 01/01/12 X X X X X NM DIE X
KEY:
x = Present
o = Absent
OlE = AbsentlExcused
NM = No Meeting
--- = Not a Member
I ~~~-;7 I
MINUTES
PARKS AND RECREATION COMMISSION
August 8, 2007
DRAFT
MEMBERS PRESENT: Craig Gustaveson, Margie Loomer, Ryan O'Leary, Matt Pacha, Jerry
Raaz, John Watson, John Westefeld
MEMBERS ABSENT: David Bourgeois, Phil Reisetter
STAFF PRESENT: Mike Moran, Terry Robinson, Terry Trueblood
GUESTS PRESENT: Doug Dolan, Jean Walker, Dianna Harris
RECOMMENDATIONS TO COUNCIL:
Moved by O'Leary. seconded by Gustaveson to support the proposal to name the pond
located at the Thronberry Off-Leash 002: Park Lily's Pond in honor of Beth Shields and
her late Dalmatian. Unanimous.
Moved by O'Leary. seconded by Westefeld. to accept 5.26 acres of land in lieu of fees for
the Cardinal Pointe South subdivision. Unanimous.
OTHER FORMAL ACTION TAKEN
Moved by Gustaveson. seconded by Westefeld. to approve the July 11. 2007 meetin2:
minutes as written. Unanimous.
PUBLIC DISCUSSION:
No public discussion.
PRESENT A TION OF CELL PHONE TOWER PROPOSAL FOR CITY PARK:
Doug Dolan with Dolan Realty Advisors, a commercial real estate firm that represents Verizon
Wireless, returned to our August meeting to further discuss plans to place a cell phone tower in
City Park. It was asked of Dolan Realty and representatives to provide a much more specific and
detailed site plan including drawings/photos to the commission. Dolan presented drawings of the
planned building along with any additional buildings that could be added as co-providers sign
on. He reminded Commission members that these buildings would all take on the same
appearance as other buildings in City Park. Trueblood asked if there would need to be a light
placed at the top of the pole for air traffic. Dolan stated that it was not necessary at this height
level in this particular location. Loomer asked how many trees would need to be removed. Dolan
stated two. Robinson further explained that these would be two approximately 80-year-old
healthy white oak trees.
Parks and Recreation Commission
August8,2007
Page 2 of 7
Westefeld asked if there was an update on the rent amount that would be charged for use of this
land by the City. Trueblood addresses this later in the meeting.
Raaz asked what the 20' easement in the drawing included. Dolan stated that this is excess
easement overlay that would include the existing road. This easement is for access.
Trueblood asked if there were any other location options where it would not be necessary to
remove any trees. Dolan said that there was no place in the section of the park they need that
would not require some tree removal.
Loomer asked who maintains the property, i.e. cleaning up vandalism. Trueblood stated that
Verizon would be responsible for this type of maintenance.
Pacha asked why in initial drawings the pole was to be approximately 70' and current drawings
indicate that the pole will need to be 120'. Dolan said that this is because of the height of the tree
line and that the poles need to be above the tree line for good reception.
Robinson asked if any boring would be necessary. Dolan said if so it would only be necessary
under the road but does not appear that it will be needed.
Gustaveson asked what the width of the base of the pole is expected to be. Dolan stated 2 Y2'.
The base narrows gradually to the top by approximately 6".
Raaz asked what material the proposed fence would be made from. Dolan said wood.
Dolan summarized that Verizon is very interested in placing this pole in Upper City Park as there
is becoming more of a concern regarding dropped calls for safety reasons, as well as in response
to complaints from users. He also mentioned that they have been contacted to look at placing a
cellular tower in a state park which would be the first request of this kind.
Trueblood updated the Commission on appraisal information. The most recent appraiser said that
the City could ask for $1,600:1: rent per month. Dolan said he would like to know their guidelines
for determining this amount.
Westefeld asked Dolan to be more specific about customer complaints. He stated that the main
complaint is no coverage or dropped calls. He added that parks are typically weak spots.
Pacha asked Trueblood what action was necessary this evening. Trueblood stated that the
Commission can vote on it tonight or can defer the vote if they wish asking for more
information.
Moved by O'Leary, no second, to accept the proposal from Verizon to place a cell tower inside
City Park.
With no second, further discussion ensued.
Parks and Recreation Commission
August8,2007
Page 3 of 7
Westefeld said that on one side he supports the plan due to the potential revenue source for Parks
and Recreation, however, he does not like the idea of changing the landscape of City Park or any
other park to this magnitude.
O'Leary has a concern of where cell phones are headed, feeling that cell phones will become
obsolete within 50 years.
Gustaveson said that he was initially very supportive of this plan, but the fact that the building
plan has increased in size he is very concerned about the aesthetics of the park and the cutting of
trees. He is also concerned about negative ramifications from the public.
Loomer asked if there is a neighborhood association in place for those that live in the area of
City Park. Trueblood responded that he wasn't sure. He added that the neighborhood did not
specifically receive notice that this topic would be discussed, but that it was publicized as an
agenda item.
Pacha stated that he also initially supported this plan but has since changed his mind. He is
concerned about the pole height, the size ofthe buildings needed and feels that changing the park
to this extent would be a disservice to the community.
Raaz stated that he is comfortable with the plan as long as there is minimal destruction of trees
and that there be input from the neighborhood before he would make a final decision.
Pacha asked for consensus from the Commission that if the neighborhood were in agreement to
the placement of such a tower, how would each member vote. General consensus was that the
Commission members would not support such a plan.
Westefeld asked for staff opinion. Trueblood stated that he also has gone from being fully
supportive to very apprehensive with the plan. He liked the idea of more revenue for Parks and
Recreation, but there is no guarantee that such revenue would actually go to the department. He
is concerned about the height of the tower, the number and size of the buildings that could be
required, not knowing in the beginning that there would be additional buildings required for each
co-provider. He is also very concerned about any tree removal that may be necessary. He agrees
that the City could receive severe criticism from the public. He suggested that while
neighborhood input is important, that input from the community as a whole is also very
important and does not feel that the community would approve. He is now of the opinion that
the proposal should not be approved. Robinson added that he feels that City Park is not an
appropriate place for a cell phone tower and also is certain that it would require more than just
two trees be removed to accommodate these buildings and tower.
Moved by O'Leary. seconded by Westefeld. to deny the reQuest by Verizon Wireless to
place a cell phone tower in upper City Park. Commission voted 5 to 1 to deny their reQuest
with 1 abstention. O'Leary yotine: no. Raaz abstained due to his wish to include
neie:hborhood input before votine:.
Parks and Recreation Commission
August 8, 2007
Page 4 of 7
CONSIDER NAMING THE POND AT THE THORNBERRY OFF-LEASH DOG PARK
"LILY'S POND."
Dianna Harris and Jean Walker were present at the meeting to propose a name for the pond at
Thornberry Off-Leash Dog Park. Harris mentioned that the pond at the dog park was officially
opened on June 7, 2007. She would like to get the Commission's approval on naming the pond.
The DogPAC Board is recommending that the pond be named "Lily's Pond" honoring Beth
Shields and all of the work she has done for DogP AC and her instrumental role in acquiring the
Thornberry Dog Park. Lily is the same of her late Dalmation.
Moved by O'Leary. seconded by Gustaveson. to support the proposal to name the pond
located at the Thornberry Off-Leash 002 Park Lily's Pond in honor of Beth Shields and
her late Dalmatian. Unanimous.
Harris asked Robinson if there had been any testing of the water to date at the pond. Robinson
stated that he has been in touch with a hygienic lab who is sending a kit to the Parks Division so
that they can do so. He stated that the pond water will be tested with the same guidelines as
beech water.
DISCUSS THE POSSIBILITY OF A SECOND SMALLER DOG PARK:
Discussion then turned to the possibility of adding another smaller dog park to a city park.
Trueblood stated that there is a proposal to place this in the north portion of Willow Creek Park.
This location is being suggested by Jean Walker who is willing to contribute $10,000 towards the
establishment of a small dog park, but the donation is not necessarily tied to the location. It is
suggested that it be located on a parcel ofthe park (probably about 2 to 3 acres in size) which lies
in the north end of the park just south of Benton Street between the trail and the creek. There is
both open area and a treed area in this part of the park that is not typically heavily used. On the
downside, Trueblood noted that it will have a negative affect on the grass, there is a sculpture
that would have to be moved and it would be visible from Benton St. Harris stated that the board
is compiling a list of possible locations besides Willow Creek.
O'Leary noted that he has always felt it would be necessary to have several smaller dog parks in
the City, further stating that while Thornberry Off-Leash Dog Park is great for the community it
is also used by many outlying communities. Therefore, feeling it is necessary to have dog parks
open to neighborhoods within the community.
Pacha expressed his appreciation for the generous offer to donate money towards an additional
dog park. In terms of cost, the City does not have the money in their budget to construct
additional parks so this offer is much appreciated. He feels that this is something that needs to be
added to our upcoming master plan and does not feel comfortable moving ahead with such a plan
until that is complete.
Parks and Recreation Commission
August 8, 2007
Page 5 of 7
Gustaveson says that he is very much in favor of adding more neighborhood dog parks but also
realizes that there would not be much funding available from the City to do so.
Harris stated that the DogP AC Board will be meeting and will continue their efforts to raise
money for future planning. Trueblood asked what DogPAC's intention would be with regard to
the fee structure with additional parks. Harris stated that there would be one fee for a permit that
could be used at any dog parks in the city.
O'Leary asked if the DogP AC Board feels that Thornberry Off-Leash Park has been a financial
success. Harris said it has been
Pacha suggested that DogP AC Board put together a top ten list of possible locations and bring
that back to the Commission.
Walker explained that her initial motivation for additional dog parks is to provide more locations
for dogs to get necessary exercise, especially for those who do not have access to Thornberry
Off-Leash Park, as well as personally she would like to name this area after her dog, 10rdy,
calling the park 10rdy's Run.
CONSIDER ACCEPT ANCE OF NEIGHBORHOOD OPEN SPACE - CARDINAL
POINTE SOUTH:
The developer is proposing to dedicate 5.26-acres of open space to the City as parkland. The
Neighborhood Open Space requirement for this subdivision is approximately 1.30 acres. There is
currently no public parkland in this area. It is staffs feeling that this would be a good location
for a neighborhood park as it is easily accessible to the surrounding development through a
proposed trail along Camp Cardinal Blvd.
Moved bv O'Leary. seconded bv Westefeld. to accept 5.26 acres of land in lieu of fees for
the Cardinal Pointe South subdivision. Unanimous.
COMMISSION TIME
O'Leary expressed his appreciation to Jean Walker for offering to donate money for an
additional small neighborhood dog park. He does have a concern regarding parking if this is
added to Willow Creek Park. Also feels, however, that these additions to parks will add to
property values of Iowa City.
CHAIR'S REPORT
No report.
DIRECTOR'S REPORT
Parks and Recreation Commission
August 8, 2007
Page 6 of 7
Trueblood has been in touch with the Coralville Parks and Recreation Department regarding a
joint tour for next month. They suggested either September 12 or September 17. Commission
consensus was to schedule it for September 12. Trueblood will report back to Coralville staff.
Trueblood distributed invitations to the Brookland Park Renovation Celebration scheduled for
Saturday, August 25 from 4 to 7 p.m.
Trueblood and Raaz will be attending the Elks Club October board meeting to discuss the Elks
Club Trail proposal.
Trueblood and Amy Bouska, representing the Concerned Citizens for Sand Prairie Preservation,
attended the Johnson County REAP Committee meeting to present their REAP Grant proposal,
in the amount of $38,000, for tree removal and signage at the Sand Prairie across from Napoleon
Park. The committee had very favorable comments about the proposal.
Trueblood received a proposal today for the placement of a Cricket facility in one of the city
parks, preferably Scott Park. He told the person that they can attend a future commission meeting
if they like. In the meantime he will be working with them to see if their request can be
accommodated. Trueblood did some research on the game of Cricket and found that it is the
second most popular sport in the world.
The City Council approved the memorandum of understanding and the agreement to lease a
portion of Terrell Mill Park for construction of the proposed U of! boathouse.
Trueblood announced that we have sold four golf passes to date. While it is slow getting started,
he believes that this will pick up next year as the golf season approaches.
Greenplay L.L.C., consultant in charge of developing a master plan for Parks and Recreation,
will hold its start-up meeting on Thursday, August 16 from I to 4 p.m.
ADJOURNMENT
Moved bv Gustaveson. seconded bv Westefeld. to adiourn the meetin2 at 6:50 p.m.
Unanimous.
Parks and Recreation Commission
August8,2007
Page 7 of 7
P ARKS AND RECREATION COMMISSION
ATTENDANCE RECORD
YEAR 2007
TERM
NAME EXPIRES 1/10 2/7 3/14 4/10 5/9 6/13 7/11 8/8 9/12 10/10 11/14 12/12
David
Boure:eois 1/1/11 X OlE OlE X X DIE X OlE
Craig
Gustaveson 1/1/11 X OlE OlE DIE X X X X
Margaret
Loomer 1/1/08 X X OlE DIE X X X X
Ryan
O'Leary 1/1/10 X X X X X X X X
Matt
Pacha 1/1/09 X X X X X X X X
Jerry
Raaz 1/1/08 X X X X OlE X X X
Phil
Reisetter 1/1/09 OlE X X X X X X OlE
John
Watson 1/1/11 X DIE OlE X X OlE X X
John
Westefeld 1/1/10 X X X OlE X X X X
KEY:
X=
0=
OlE =
NM=
LQ=
Present
Absent
AbsentlExcused
No meeting
No meeting due to lack of quorum
Not a Member
G[J
MINUTES
PUBLIC ART ADVISORY COMMITTEE
THURSDAY, SEPTEMBER 6, 2007
MEETING ROOM A, ROBERT A. LEE RECREATION CENTER
PRELIMINARY
Members Present: Emily Martin, Mark Seabold, DaLayne Williamson, Patrick Carney,
Terry Trueblood, Rick Fosse
Members Absent: Emily Carter-Walsh
Staff Present: Marcia Klingaman, Jeff Davidson
CALL TO ORDER
Seabold called the meeting to order at 3:00 PM.
PUBLIC DISCUSSION OF ANY ITEM NOT ON THE AGENDA
None.
CONSIDERATION OF THE MINUTES OF THE AUGUST 2,2007 MEETING
MOTION: Seabold moved to approve the minutes with minor corrections; Martin
seconded. The motion passed 6:0.
UPDATE OF MURAL PROPOSAL BY TOM AWAD AND TONY CARTER
Jeff Davidson confirmed that St. Patrick's is now actively marketing that site. The mural
would probably only be guaranteed a maximum of 2-3 years at that location. Marcia
noted that when she last spoke to Tom Awad and Tony Carter that they are still
interested in the project. They had dropped their price down to $28,000. The
Committee would still like to see them get matching funds. The Committee would also
like to see both Tom and Tony present at the next meeting.
PRESENTATION OF A COMMUNITY INITIATED PUBLIC ART PROJECT BY
MATTHEW MUNSTERMANN
Marcia has been in communication with Matt. He is still very enthusiastic about doing
the project. His school schedule conflicts with the time for the Public Art Meeting. He'd
like to do the lighting project this fall. He is ready to present his proposal to the
Committee when his schedule allows.
REVIEW OF LETTERS REGARDING CALL FOR PROPOSALS FOR POOL WALL
PROJECT
Marcia indicated that rather than develop a more formal Call to Artists, she decided that
a standardized letter would be sent to the artists. Seabold would like the artists to
provide specific details regarding attachment of their piece to the pool wall. Martin also
thought it would be useful to have the artists address potential problems with projectiles
hitting the art from kids playing in the pool area. The Committee also agreed that the
Iowa City Public Art Advisory Committee Minutes
September 6, 2007
Page 2
letter should specify that unless the artwork is a mural, it should not go down to the
ground. The Committee would like the artist to address how they plan to handle ADA
issues. Marcia will have the legal department look at the letters before they are sent out
next week. Emily Martin noted that she will be out of town for the November 1 meeting
but will be accessible by email. The Committee decided that installation should be
completed on or before April 30th rather than the proposed March 31st. Installation will
not interfere with summer swim lessons.
DISUCSSION REGARDING IOWA SCUPTOR'S SHOWCASE AND PENINSULA PARK
SCHULPTOR'S SHOWCASE
Marcia updated that Gene Anderson has removed his art piece from the Pedestrian Mall
Sculptor's Showcase as it had been tampered with. The site is now vacant. Brandy is
working on updating the artist database for future calls to be sent to Iowa artists.
The Peninsula Showcase is specific to Iowa Art students. Mark NeuCollins "Blade" is
currently in place; however, his contract is up October 1 st. Marcia questioned whether or
not she should contact student artists for the next call. Martin suggested that she should
include Lee Running, an art professor at Grinnell College. She may have contacts for
sculptors in her department. The Committee suggested that a long-term solution may be
to install a permanent sculpture as it is time consuming to market and send out the calls.
However, changing the pieces does keep the artwork fresh. Trueblood questioned
whether or not "Blade" should be purchased and if more than one piece should be
placed out there. Marcia noted that would depend on the pool project and the final
budget. The Committee decided to send out a final call before considering purchasing
"Blade." If the call does not go well, the process may need to be re-evaluated.
COMMITTEE TIME/UPDATES
Marcia noted that Emily Martin did a fine job presenting the Recognition of Public Art in
Non-Public Spaces at the City Council meeting on August 21st. The recipients seemed
genuinely thrilled about the recognition and it was obvious that the program was very
appreciated by both the recipients and the artist.
None.
ADJOURNMENT
Fosse moved to adjourn; Williamson seconded. Meeting adjourned at 3:40 pm. Next
meeting October 4.
Minutes submitted by Brandy Howe
Public Art Advisory Committee
Attendance Record
2007
Term
Name Expires 2/1 4/5 5/3 6/28 8/2 9/6
Emily Carter Walsh 01/01/08 X OlE X X X 0
DaLayne Williamson 01/01/09 X X OlE X X X
Emily Martin 01/01/08 OlE X X X X X
Mark Seabold 01/01/10 X OlE X X X X
Patrick Carney 01/01/09 -- -- -- -- X X X X
Rick Fosse OlE X OlE X O\E X
Terry Trueblood X X X O/E* X X
Key:
X = Present
o = Absent
OlE = Absent/Excused
Mike Moran represented Terry Trueblood
*
rnJ
MINUTES
Iowa City Airport Commission
September 5, 2007
Iowa City Airport Terminal- 8:00 AM
DRAFT
Members Present: Howard Horan, Chair; Greg Farris, Randy Hartwig
Members Absent: John Staley, J ane11e Rettig
Staff Present: Michael Tharp
Others Present: Mike Wright, Matt Hayek, Tom Schnell, Carl Richy
DETERMINE QUORUM:
Chairperson Horan called the meeting to order at 8:00AM.
Tour of Select Airport Facilities and Hangars
Horan gave a brief introduction and thanked the guests for attending the tour. Tharp
began with a brief description of airport, and the uses that the airport occurs. Hartwig
gave a summary of the projects that are ongoing at the airport and described the facilities
in relation to area airports.
Tharp handed out copies of the state Aviation System Plan, a Summary of the System
Plan for the Iowa City airport, a copy of the Economic Impact Study by Iowa State
University researchers, and a copy of a website www.flightaware.com. Tharp then gave
a brief summary of the materials. Horan and Hartwig then lead guests on a tour ofthe
grounds and guests were taken to the University of Iowa hangar for a presentation. Tom
Schnell gave guests a tour of the University ofIowa Hangar and gave a short
presentation.
Adjourn: Meeting Adjourned at 9:30am.
Airport Commission
September 5,2007
Page 2 of2
Airport Commission
ATTENDANCE RECORD
YEAR 2007
(Meetin~ Date)
TERM 1/11 2/8 3/8 3/28 4/12 5/10 5/15 6/7 6/8 6/28 7/9 7/19
NAME EXP.
Randy Hartwig 3/1/09 X X X X X X DIE X X X X X
Greg Farris 3/1/13 DIE X X DIE X X X X DIE X X X
John Staley 3/1/10 X X X X X X DIE X DIE DIE X X
Howard Horan 3/1/08 X X X X X X X X X X X X
Janelle Rettig 3/1/12 X X X X X X X X X X DIE DIE
TERM 8/1 8/9 8/13 9/5
NAME EXP.
Randy Hartwig 3/1/09 X X X X
Greg Farris 3/1/13 X X X X
John Staley 3/1/1 0 DIE X DIE DIE
Howard Horan 3/1/08 X X X X
Janelle Rettig 3/1/12 DIE X DIE DIE
KEY: X = Present
o = Absent
DIE = AbsentlExcused
NM = No meeting
--- = Not a Member
G[1
Al\lMCd eVJf~ /Q~~. .{C"C/l-
DRAFT
MINUTES
City August 23, 2007 - 5:30 P.M.
Meeting Room E -- Iowa City Public Library
Call to Order:
Meeting called to order at 5:38 p.m.
Members Present:
Jane McCune, Teresa Kopel, Paula Kelly, Lisa Drahozal Pooley
Members Absent:
Pat Farrant
Staff Present:
Misha Goodman
Others Present:
Holly Hotchkiss, Roxanne Schomers
Old Business:
1. Minutes of July 12, 2007 approved as submitted.
2. Continue permit and fees discussion
Per Misha Goodman, the tethering/kenneling ordinance is still at the City Attorney's
office for evaluation.
Fees recommended by the Animal Care Task Force:
License fees for both dogs and cats:
A. Unaltered license fees will increase from $30.00 to $50.00
B. Altered license fees will increase from $5.00 to $10.00
C. Low income altered license fees will remain at $5.00
D. Senior discount fee to be eliminated (reasoning: if financial hardship exists, this will
be covered under low income fees for licenses)
E. A temporary license can be issued for 30 days to allow time to spay/neuter.
Pet Store Permit Fees:
Class A: Pet stores that do not sell cats and dogs -- $100.00
Class B: Pet stores selling under 100 ALTERED cats and dogs --$300.00
Class C: Pet stores selling under 100 UNALTERED cats and dogs --$500.00
Class D: Pet stores selling under OVER 1 00 ALTERED cats and dogs --$1000.00
Class E: Pet stores selling under OVER 100 UNALTERED cats and dogs --$2000.00
Reasons for Pet Store Permit Fees: 1) Fees have not been increased for some time; 2)
Fees are to encourage reduced amounts of animals being sold in Iowa City to address
current overpopulation of dogs and cats; 3) there are too many litters currently being
born; 4) Animals currently being sold are generally not spay/neutered prior to being
purchased.
The Animal Care Task Force plans to recommend that a percentage of the pet store fees
and unaltered license fees be placed into a spay/neuter fund.
3. Continue Committee discussions - POSTPONED
4. Continue statistics/educational seminars discussion - POSTPONED
5. Continue Center hours extension discussion - POSTPONED
New Business:
1. Solon impound situation update
Per Misha Goodman, 58 dogs were impounded at the Center from the Solon situation. 19
goats were also taken, though 7 have died of anemia, parasites, stress and heat. The goats
were sold at the Kalona sales barn, proceeds to go to the county to help pay expenses,
including boarding expenses for the dogs. The one goose remains with Dr. Jen Doll.
Of the 58 dogs:
9 have been euthanized at this time
8 have been transferred to Dubuque and Muscatine shelters
3 are in foster care; 2 are slated to be fostered
3 have been adopted
14 are available for adoption
The rest are not yet ready for evaluation
Misha Goodman met with the County Attorney and Sheriffs Department. Charges will
be brought against the couple involved. There is currently a lien against the property.
Misha Goodman expressed that the press has been good; the Animal Care Task Force
agreed.
Leash on Life is sponsoring a debriefing session for the Center staff and volunteers who
were present at the Solon site.
2. Next meeting dates:
Sept 13th 530-7
Oct 11 th 530-7
3. Cat overcrowding
Holly Hotchkiss from Friends of the Animal Center Foundation presented information to
the Animal Care Task Force concerning a mobile spay/neuter clinic. The shell would
cost $130,000; customization would run $200,000 - $250,000. The challenge would be
keeping the clinic up and running. F ACF is researching how to make it work.
2
Recommendations to City Council:
Task Force Member Comment:
Staff Comment:
Citizen Comment:
7:07 p.m. meeting adjourned.
3
1m
MINUTES
CITY COUNCIL ECONOMIC DEVELOPMENT COMMITTEE
July 24, 2007
CITY HALL, LOBBY CONFERENCE ROOM
Preliminary
Members Present:
Regenia Bailey, Connie Champion, Bob Elliott
Members Absent:
none
Staff Present:
Wendy Ford, Jeff Davidson, Tracy Hightshoe, Steve Long.
Others Present: Nancy Quellhorst, Mark Nolte, Joe Raso, Anna Sobaski and Darin Vig with
Gluten Evolution, Ilham B. Mohamed with Nile Valley
RECOMMENDATIONS TO CITY COUNCIL:
Champion moved, seconded by Elliott, that the Alpla Expansion TIF application be
recommended for Council approval: Motion passed 3-0.
Elliott moved, seconded by Champion, that the following recommendation regarding
Gluten Evolution LLC be forwarded to Council for the August meeting: $50,000, partially
secured by a mortgage on the private residence. Deferred payment would be allowed, not
to exceed 6 months. Term would remain at 7 years, 3% interest rate. Motion passed 3-0.
CALL MEETING TO ORDER
Chairperson Regenia Bailey called the meeting to order at 8:30 AM.
APPROVAL OF MINUTES FROM July 10.
Minutes were approved as amended.
ALPLA EXPANSION TIF APPLICATION
Ford reviewed the City's positive history with Alpla and details of the current proposed
development agreement - a 4 year 100% TIF rebate capped at $600,000. Alpla would expand
into an 82,200 square foot addition to the old General Mills building, and agree to maintain 180
permanent full time positions and add 25 additional positions, all at $14.00 per hour or greater,
plus benefits.
Ford further noted that they could not specifically deal with old noise problems in the new
agreement, but included noise issues in Article 2f of the agreement as such: Developer will fully
cooperate with the City in resolution of any traffic, parking, trash removal, excessive noise or
public safety problems which may arise in connection with the construction and operation of the
Minimum Improvements. Alpla has invested improvements on the noise issues on the older
buildings. Marcia Klingaman had had made some neighborhood calls on the issue, and found
that perceptions of the noise output ranged from no issue to very annoying.
Champion moved, seconded by Elliott, that the Alpla Expansion TIF application be recommended
for council approval: Motion passed.
GLUTEN EVOLUTION CDBG ECONOMIC DEVELOPMENT FUNDS REQUEST
Hightshoe reviewed the staff recommendation and rationale included in the packet. Staff
recommendation is to provide a $50,000 loan, partially secured by a mortgage on the private
Economic Development Committee
July 24, 2007
Page 2
residence. Job creation would require 1.5 FTEs. Additionally, she noted that she would not
advise creating additional jobs until cash flow improves. Deferred payment would be allowed,
however not to exceed 6 months. Term would remain at 7 years, 3% interest rate.
Elliott noted that the initial request was for $105,000, and inquired whether $50,000 would be
enough to address their financial needs. Anna Sobaski, owner, responded that it will allow the
hiring of one person, and the purchase of a much needed forklift in the warehouse. Darin Vig
said $50,000 addresses the short-term need; at present, staff is just Sobaski and her sister. The
new position would provide part-time help with marketing, support for PR and sales.
Bailey inquired about profiUloss. Vig responded that they purchase their raw materials from a
copacker, so their cost per items sold is very constant. Cost is about 40% of the selling price.
Sales are going up; Sobaski noted that as they sell more, the cost should come down because
they will qualify for volume discounts. Bailey asked about sales volume. Volume has increased
from 50,000 in 2004 to 200,000 units today. Market penetration is national (they are in all 50
states), and international; they ship to Canada and the UK regularly. They are in the national
chain Wild Oats, which is merging with Hall Foods.
Elliott moved, seconded by Champion, that the following recommendation be forwarded to
Council for the August meeting: $50,000, partially secured by a mortgage on the private
residence. Deferred payment would be allowed, not to exceed 6 months. Term would remain at
7 years, 3% interest rate. Motion passed.
NILE VALLEY RESTAURANT.
Hightshoe introduced this application for a new restaurant serving Middle Eastern/Mediterranean
food and gourmet coffee, beginning in September. They have a location on the ground floor of a
multi-unit complex at 335 S Gilbert Street.' They are requesting funds for working capital,
construction, and inventory. The applicant initially requested $110,000, but has re-submitted the
request at $50,000. As a startup business, this is more risky, and there is no collateral for the
loan. The applicant disclosed that the co-owner filed for bankruptcy in 1997. However, the credit
report indicates no past due amounts, and demonstrates that the applicants have a current
history of paying loan obligations. The owner is willing to make a significant personal financial
investment in the business, up to about $70,000.
Any funds used for construction would require payment of union wages, whether they used union
workers or not. This is likely to limit available contractors and increase the price of the work. Staff
therefore recommends $25,000 for working capital only, 5 year term (maximum of 7 years) at 4%
interest. Regarding competition, Hightshoe noted that the City did fund Oasis Falafel with CDBG-
Economic Development Funds. That loan was for $25,000,4% interest, 5-year term.
Elliott inquired about the lack of collateral. IIham Mohamed, the applicant, responded that she
had no house to put up, and US Bank is securing their loan by having the applicant purchase the
equipment through the bank.
Bailey asked what other communities do with these kinds of loans and securities. Hightshoe
mentioned the city of Dubuque has an economic development fund, but no specific policies on its
distribution. The city of Des Moines has more detailed rules.
Bailey voiced a few concerns, noting that restaurants are always a challenge. Comparison to
Oasis is good, a comparable situation; however, noted, that they had done some marketing and
had a following before their opening. When asked what she saw as her market base, or her
following, Mohamed replied that she has done some vending in Iowa City; at the cultural fair in
the Field House and RAGBRAI in Coralville last year, for example.
Economic Development Committee
July 24, 2007
Page 3
Bailey stated that the cash sales projections look very ambitious. Asked if she thought it was
realistic, Mohamed said they figured on $6 average sales per person, breakfast, lunch, and
dinner; and doesn't see it as a difficult thing to accomplish. Her goal is to reach 150 sales per
day for the first 6 months, and that would clear $100,000 for the first year. She is planning to
deliver, also. Proposed hours are 6 a.m. to 9 p.m., 7 days a week at the beginning, with 10
employees.
Bailey noted 150 people a day seems ambitious, noting that there are down days and months.
Elliott has concerns about providing an unsecured loan with taxpayers' money; saying its neat to
have this type of business in that location, but starting from scratch with no following is risky. He
is concerned that projected sales cannot be met. Bailey added that most of the expenses are
fixed; and there is not a lot of "wiggle room" in the.projections.
Elliott also noted the lack of a resume in her materials. He questioned her business experience,
noting the past tells a lot about the future. Mohamed responded that they are immigrants from
Sudan and had done many different things since that time. She had been an air hostess for 10
years for Saudi Air Lines and Sudan Airways. They came to the U.S. in 1993; since then they
have worked in many different jobs, and both got higher education. Her husband, Bedrelddin
Ahmed got a PhD and is a United Nations translator in Iraq currently; Mohamed graduated from
Kirkwood Community College and got a job at the Neighborhood Centers. Elliott inquired whether
she had food service experience or experience running a business, or managing a payroll, or
other management experience. Mohamed answered that she did not.
Bailey asked whether she had worked with the Small Business Development Center. Mohamed
responded yes, and also with the Cedar Rapids Business Center, and that she is also planning to
take more business classes. Bailey asked whether she had developed different sales scenarios,
or, if they don't make projected sales, how they would deal with the shortfall. Mohamed noted that
she would create a plan addressing different revenue scenarios.
Champion asked where the projection of 150 customers per day came from and what they
absolutely needed to survive. Mohamed replied that she got the number by studying other similar
restaurants. She did her own observational survey during the last days of May, when business
was very slow, and counted an average of 16 an hour; she felt she could do much better.
Bailey indicated interest in going ahead but would like to see different revenue scenarios along
with a marketing plan. $25,000 is an appropriate figure. Bailey noted that it would be nice to
have something other than liquor stores in that area. Champion also indicated that she was not
against the project, but would like to see a marketing plan.
Quellhorst asked if she had catering plans. Mohamed replied yes; she plans to purchase a
bicycle for close-by deliveries. She doesn't know how much of that she can do until she starts.
Bailey reiterated the need to see a marketing plan. Elliott repeated his problem with no collateral,
and the lack of person-power to handle both operational marketing and other kinds, such as
catering.
Bailey asked Mohamed to bring back a marketing plan and cash flow scenarios based strictly on
student basis to see ups and downs. Nolte suggested Mohamed also check the USAID programs
to aid refugees; noting that even though she is now a U.S. citizen, she still qualifies. Bailey stated
that the request will be revisited at the next meeting, which will be scheduled early August in
order to get it on Council's August agenda.
STAFF TIME
Ford provided new wording for the bankruptcy question on CDBG loan applications: Has the
company or any officer of your company been involved in bankruptcy or insolvency proceedings
Economic Development Committee
July 24, 2007
Page 4
during the past 7 years from the date of this application? If so, provide the details. The wording
was accepted by majority agreement.
Ford mentioned that Hightshoe had done some research about how other communities distribute
their CDBG loan proceeds. We are going to continue this research to determine proper
distribution and also to define the most efficient way to have a CDBG loan fund portfolio.
Hightshoe then provided a spreadsheet showing the history of all Iowa City CDBG Economic
Development Fund applications and status from July 1, 2002 (FY03) to present.
Ford announced that in September the National Development Council will be providing a three-
day class in St Louis that Hightshoe will attend. Elliott complimented Hightshoe's work.
COMMITTEE TIME
The committee scheduled their next meeting: Monday, August 13, at 8:30 a.m.
ADJOURNMENT
Champion moved and Elliott seconded adjournment at 9:31 AM. Motion passed. Next meeting
is scheduled for Monday, August 13, 8:30 AM, in the City Hall Lobby Conference Room.
Committee
Council Economic Development
Attendance Record
2007
Name Term 1/23 2109 2/20 2/27 3/06 3/12 4/06 4/12 5/29 5/31 6/21 7/10 7/24
Expires
Regenia Bailey 01/02/08 X X X X X X X X X X X X X
Bob Elliott 01/02/08 X X X X X X X X X X X X X
Connie Champion 01102/08 X X X X X X X X X OlE X X X
Key
X = Present
o = Absent
OlE = AbsenUExcused
AbsenUExcused
POLICE CITIZENS REVIEW BOARD
MINUTES - September 11, 2007
DRAFT
I ~~ ~-6
CALL TO ORDER:
Chair Michael Larson called the meeting to order at 5:30 p.m.
MEMBERS PRESENT:
Elizabeth Engel, Loren Horton, Donald King, Greg Roth
MEMBERS ABSENT:
None
STAFF PRESENT:
Staff Kellie Tuttle, Legal Counsel Catherine Pugh (5:36 p.m.)
STAFF ABSENT:
None
OTHERS PRESENT:
Captain Tom Widmer of the ICPD; City Attorney Eleanor Dilkes; City Clerk
Marian Karr; UI Journalism Student, Megan Eatough; and public, Caroline
Dieterle and Dean Abel
RECOMMENDATIONS TO COUNCIL
None.
INTRODUCTION OF NEW BOARD MEMBER
Donald King introduced himself and gave a little background about himself to the
Board.
CONSENT
CALENDAR
Motion by Horton and seconded by Engel to adopt the consent calendar as
presented or amended.
. Minutes of the meeting on 07/10/07
. ICPD General Order 95-04 (Administration of Department Training)
. ICPD General Order 98-02 (Policy and Operating Procedures Manual)
. ICPD General Order 99-07 (Traffic)
. ICPD General Order 00-04 (Body Armor)
. ICPD General Order 00-05 (Off-Duty Conduct: Powers of Arrest)
. ICPD General Order 01-04 (Bomb Threats/Emergencies)
. ICPD General Order 01-05 (Officer Involved Shootings/Lethallncident
Investigations)
. ICPD General Order 07-01 (Patrol Rifle)
. ICPD SOG 07-01 (All Hazards Plan)
. ICPD Department Memo 07-31
. ICPD Use of Force Report (May 2007)
. ICPD Use of Force Report (June 2007)
. ICPD Use of Force Report (July 2007)
Horton had a question on General Order 95-04 on the last page letter D regarding
the definition of "biased based contacts", Widmer explained that what that means is
if someone was pulled over based on race or gender. A contact made on bias only.
Motion carried, 5/0.
OLD BUSINESS None.
PCRB
September 11 , 2007
Page 2
NEW BUSINESS
PUBLIC
DISCUSSION
BOARD
INFORMATION
STAFF
INFORMATION
Select Nominatinq Committee - Motion by Horton, seconded by King to have Roth
and Engel serve on the nominating committee. Motion carried, 5/0.
Update on addition of PCRB Charter Amendment to November ballot - City Clerk
Marian Karr and City Attorney Eleanor Dilkes updated the Board on the addition of
the PCRB Charter Amendment to the November ballot and what impact it would
have on the Board.
Caroline Dieterle expressed that she had come to the meeting to be sure the Board
knew about the amendment on the ballot and that she is a strong supporter of the
PCRB. Dean Abel thanked staff for the clarification on and preparing the memo
regarding posting of meetings. He also asked if the Board had questions regarding
General Orders, when they would ask. Larson clarified that when the Board has
questions they ask them at the meeting, in open session, before they vote to adopt
the consent calendar.
Horton and Larson announced they would not be able to attend the October 9th
meeting.
Tuttle announced that the 2-yr Council review of the PCRB will be on the September
17'h City Council work session agenda. In the past a Board member has been in
attendance at the meeting to answer any questions Council may have, although it is
not mandatory for someone to be there. Larson will check his schedule and get back
to staff.
TENTATIVE MEETING SCHEDULE and FUTURE AGENDAS (subject to change)
. October 9,2007,5:30 PM, Lobby Conference Rm (Rescheduled to October 16)
. October 16, 2007, 5:30 PM, Lobby Conference Rm
. November 13, 2007, 5:30 PM, Lobby Conference Rm
. December 11,2007,5:30 PM, Lobby Conference Rm
. January 8,2008,5:30 PM, Lobby Conference Rm
Motion by Horton, seconded by Roth to reschedule the October 9th meeting to
October 16th due to scheduling conflicts and possible quorum issues. Motion carried,
5/0.
ADJOURNMENT
Horton announced that he will be unable to attend the December 11th meeting.
Motion for adjournment by Engel and seconded by King.
Motion carried, 5/0. Meeting adjourned at 5:54 P.M.
x = Present
o = Absent
O/E= Absent~xcused
NM = No meeting
--- = Not a Member
KEY
,_._----~,.. - ---"
TERM 1/9 1/16 2/13 2/22 3/13 3/29 4110 5/7 6/12 7/10 8/14 9/11
NAME EXP.
Candy 9/1/07 X X NM OlE X X OlE X NM OlE NM ---
Barnhill
Elizabeth 9/1/08 X X NM X OlE X X X NM X NM X
Engel
Loren 9/1/08 X X NM X X X X X NM X NM X
Horton
Greg Roth 9/1/09 X OlE NM X X 0 X 0 NM X NM X
Michael 9/1/09 X OlE NM X X OlE X X NM X NM X
Larson
Donald King 9/1/11 --- --- --- --- --- --- --- --- --- --- --- X
{M
POLICE CITIZENS REVIEW BOARD
ATTENDANCE RECORD
YEAR 2007
D
1
rnr
Preliminary
MINUTES
PLANNING AND ZONING COMMISSION
AUGUST 16, 2007 - 7:30 PM
EMMA J. HARVAT HALL - CITY HALL
MEMBERS PRESENT: Bob Brooks, Beth Koppes, Ann Freerks, Charlie Eastham, Wally Plahutnik, Dean
Shannon
MEMBER EXCUSED: Terry Smith
STAFF PRESENT: Bob Miklo, Sunil Terdalkar, Sara Holecek
OTHERS PRESENT: Glenn Siders, Charlotte DePew
RECOMMENDATIONS TO COUNCIL:
Recommended approval, by a vote of 6-0 (Smith absent) REl07 -00011, a rezoning of approximately 45.04-
acres of land from Interim Development Office Research Park (ID-ORP) zone to Medium Density Single-
Family Residential (RS-8) with a Planned Development Overlay zone for approximately 34. 58-acres, Interim
Development Single-Family Residential (ID-RS) zone for approximately 8.75-acres, and Interim
Development Office Commercial (ID-C01) zone for approximately 1.71-acres; and a preliminary Planned
Development of Cardinal Point South, a residential subdivision with a mix of single-family and multi-family
residential dwellings subject to:
. Staff approval of the stormwater management facility prior to consideration by City Council
. Staff approval of the locations and designs of the mailbox clusters
. A conditional zoning agreement specifying
1. The section of Kennedy Parkway between Camp Cardinal Road and Camp Cardinal Boulevard will be
platted, and the necessary right-of-way will be dedicated and a letter of credit of the cost of installing the
water main in this section of the street will be provided at the time of final plat approval.
2. Installation of sub-grade for this section of Kennedy Parkway will be constructed by the applicant and/or
owner prior to January 1, 2009
3. This section of Kennedy Parkway will be constructed prior to January 1, 2010 or when the school site
(located north of Kennedy Parkway) is developed, or Outlot C of Cardinal Point South is developed;
whichever occurs first, and
4 If the sub-grade is not constructed prior to January 1, 2009 or if the road is not built prior to January 1,
2010, issuance of building permits will cease for Cardinal Point South subdivision.
Recommended approval, by a vote of 6-0 (Smith absent) REl07-00012, a rezoning from Intensive Commer-
cial (CI-1) to Community Commercial (CC-2) for approximately D.95-acres of property located at 805 S.
Gilbert Street and 817 S. Gilbert Street.
Recommended approval, by a vote of 6-0 (Smith absent) V AC07 -00005, the vacation of 102 feet of the
north-south alley in Block 102, subject to the retention of public access and utility easements.
CALL TO ORDER:
Freerks called the meeting to order at 7:34 pm.
PUBLIC DISCUSSION OF ANY ITEM NOT ON THE AGENDA:
No discussion.
Planning and Zoning Commission
August16,2007
Page 2
Rezoninq Items
REZ07-00011, discussion of a application submitted by Southgate Development Services LLC for a rezoning
of approximately 45.04-acres of land from Interim Development Office Research Park (ID-ORP) zone to
Medium Density Single-Family Residential (RS-8) with a Planned Development Overlay zone for
approximately 34.58-acres, Interim Development Single-Family Residential (ID-RS) zone for approximately
B.75-acres, and Interim Development Office Commercial (ID-C01) zone for approximately 1.71-acres; and a
preliminary Planned Development of Cardinal Point South, a residential subdivision with a mix of single-
family and multi-family residential dwellings. (45-day limitation period: 9/3/07)
Terdalkar said at the previous meeting the outstanding issues had been discussed, most of which had been
resolved. Remaining issues, some still pending resolution included:
Trail network for the school. The on-street sidewalk in both Coralville and Iowa City will be sufficient for the
pedestrian traffic. An 8-foot sidewalk on the north side of Kennedy Parkway between Camp Cardinal
Boulevard and Camp Cardinal Road is recommended. Recommended that 66-foot right of way be
maintained; the applicant has agreed.
Elevations The applicant had provided new elevations earlier in the day. Staff felt the new elevation plus the
two included in the Commission's information packet were adequate to meet criteria established by City
Code.
Mailbox clusters The applicant had changed the location of a few mailbox clusters, they were still working on
obtaining a copy of the United States Postal Service (USPS) accepted mailbox. Staff had discussed with the
applicant moving the mailbox clusters to the private drives instead of having them in the public right-of-way.
Potential traffic implications included unnecessarily impeding traffic flow when people pulled up and
temporarily parked at the mailbox cluster to retrieve their mail. Staff and the developer will further pursue this
with the USPS.
Stormwater Manaqement Calculations The applicant's engineer had provided calculations to the City
Engineer earlier in the day and received preliminary approval that the capacity would be sufficient in the
stormwater basin.
Tree landscape desiqn On Ryan Court, lots 20 to 38, the applicant had agreed to include a clause in the
covenant indicating that the developer would provide a list of 5 different kinds of trees for the homeowner to
select from, to ensure consistency of landscaping along the street. The street trees, one per lot, would be
planted on the private side of the property per the City Engineer; to the extent possible all infrastructure
would I be located between the sidewalk and the street.
Public trail access Staff and the developer's engineers had tried to find a way to install an ADA compliant
trail/sidewalk access but due to the steep and critical slopes in the area it had not been possible.
Miklo said the USPS has recently taken the position of not wanting to deliver mail to individual mailboxes
located on the house or in front of residential houses on the street. The USPS was pushing to have 'gang
mailboxes', a collection of 12, 16 or 20 mailboxes in one location. Staff had two main concerns, mailbox
location and design of mailbox cluster (quantity of mailboxes/cluster). Location of the mailboxes is important
to ensure that they are not near an intersection or located too close to the street so as to cause problems for
snow plows. For the townhouses, Staff would prefer to see the mailbox clusters located in private alleys or
drives behind the townhouses. Staff intend to have a discussion with the USPS to see if they would be
amiable to this location for the mailboxes. For single-family and zero-lot line homes there probably is not a
good alternative location for the mailboxes so Staff anticipates that the mailboxes will be located on the
public street.
Staff is not so concerned with the actual design of the mailboxes; the basic square metal mailbox is
acceptable. The number of boxes in a cluster could become an issue. Some developers have dressed up the
mailboxes by adding a roof, shelter or other decorative feature to the mailbox cluster which is typically
Planning and Zoning Commission
August16,2007
Page 3
located in the public right-of-way. If the developer opts to enhance the mailbox c1uster(s) in any way, the City
Engineer would like to review the proposed mailbox structure/enhancement prior to the time of final platting.
Staff would also like to assure that any thing built in the public streets did not detract from the overall planned
development, but in this case Southgate was not proposing any structures around the mail boxes so that the
location of the boxes where the concern.
Eastham asked for a clarification of the minutes regarding a reference to funds being available to pay for part
of Kennedy Parkway. Miklo said the school district purchased the property to the north of Kennedy Parkway.
The City of Coralville and the City of Iowa City had each contributed $56,000 toward the purchase of the land
with the understanding that it would be used toward building the school's half-of the street and that the
school would not be responsible for building the street in that area. The money did not go to the school
district but to the party who sold the land.
Eastham said the previous Staff Report and discussion from the 8/2/07 Commission meeting included a
number of recommendations for this application which Eastham was having difficulty finding the authority in
the Zoning Code for the Commission to require those sorts of things. The mailboxes were not a bad idea; to
install them so that they would not be an obstacle for the snow-plows was ok. The design of the mailboxes
which was unrelated to plowing or maintenance, Eastham said he did not understand where in the Code the
Commission had the authority to make that kind of requirement. The same applied to the number of
townhouse units and a required number of elevations; requiring 3 or any elevations for the zero-lot line units.
Miklo said this was a planned development, with a planned development the City often granted some
concessions to a developer such as allowing construction of multi-family units in a single-family zone or
building duplexes in a zone that didn't allow them. It resulted in higher densities than would be possible if
developed as a non-planned development. The expectation was that there was a plan that laid out what
would be done; drawings showing building elevations, an expectation as laid out in the intent that a plan
would show a quality development and also requirement that the developer follow multi-family and zero-lot
line design standards. Those design standards talked about variety, consistency in architecture, trim around
windows - it was all spelled out in the Code. Miklo said he would be glad to sit down with Eastham and go
over the specific points and sections of the Code.
Freerks said that with Planned Development zoning the intent was for the Commission review the details of
the plan in exchange for zoning bonus that are granted to the developer.
Eastham said he'd read through all the Code provisions and he was not convinced that some of the specific
requirements for this application were neatly and clearly contained within some of the provisions.
Miklo said in terms of the planned development, it referred back to the multi-family design standards; that
was where a lot of the specifics that Staff had raised were contained.
East said he did not see a requirement for more than one set of elevations. Miklo said that specifically would
not be found, what the Code did say was that a planned development would be suitable for a residential
zone, the multi-family would contain a variety of architecture yet consistency in design. A judgment call had
to be made as to whether the plans submitted for the planned development met the intent of the code and
. the policies of the Comprehensive Plan. Staff provided their professional recommendation and it was up to
the Commission to decide when making there recommendation to City Council.
Public discussion was opened.
Glenn Siders, SouthGate Development, said he pretty much concurred with everything that Miklo had said.
With respect to the mailboxes, Miklo had accurately summarized the situation, the developer was more than
willing to not block vision or obstruct maintenance of the street. He wanted everyone to understand that they
were very limited as to what design of mailbox they could get, they were even uglier than the transformers
which sat in the front yard of many homes. They were trying to work with the USPS and had only one
mailbox option at present. With respect to design, they were limited as to what they could do.
Planning and Zoning Commission
August16,2007
Page 4
They'd had their engineer look at specifically trying to get a walkway system into the park area somewhere
along Ryan or the gap between the single family and the first four units and/or in other locations. With the
steep and critical slopes that were on the property, to get ADA compliance would require clearing out a
massive area and use of a lot of fill, it just would not work. Physically it might be done but Siders felt it would
ruin everything that the developers and Staff were trying to do. Regarding funding for street the money had
been paid to SouthGate Development and the property owners of Cardinal Ridge South. They'd received
payment, the school system owned their site, SouthGate had transferred the deed for their site to them. The
payment was in part to bring all infrastructure to that site. The cities had participated because they wanted a
school on that site, as part payment for street, sewer, everything that was associated with that street right of
way. The school system would be obligated, for example, if the wanted a turn lane installed with the street,
they would be responsible for the cost of that turn lane or what ever might occur because of the use of that
site. It had all been agreed to in the 28E agreement. SouthGate was obligated to install the boulevard and
they were happy to put it in.
Eastham said he understood that Siders was in agreement with the Staff's recommendations. Eastham
asked Siders to make any kind of comment about what effect the recommendations would have on the cost
of the homes.
Siders said they would increase the cost of the homes. From what they had started out with their original
design and what they had now, they were not displeased with the design, and there was a market place for
it, it was like the Peninsula, there was a market for that use but it was proven that they paid more for that
use; they were paying more per square foot for that type of dwelling than the vinyl siding or customary
dwellings that were seen. It was not a good thing or a bad thing, but there was a cost associated with it.
Freerks said that a developer did end up with many more units than a conventional development on this
property - that was part of a planned development. A trade off for higher density was some scrutiny of the
design to make sure that it was compatible.
Public discussion was closed.
Motion: Brooks made a motion to approve REZ07-00011, a rezoning of approximately 45.04-acres of land
from Interim Development Office Research Park (ID-ORP) zone to Medium Density Single-Family
Residential (RS-8) with a Planned Development Overlay zone for approximately 34.58-acres, Interim
Development Single-Family Residential (ID-RS) zone for approximately 8.75-acres, and Interim
Development Office Commercial (ID-C01) zone for approximately 1.71-acres; and a preliminary Planned
Development of Cardinal Point South, a residential subdivision with a mix of single-family and multi-family
residential dwellings subject to:
. Staff approval of the stormwater management facility prior to consideration by City Council
. Staff approval of the locations and designs of the mailbox clusters
. A conditional zoning agreement specifying
1. The section of Kennedy Parkway between Camp Cardinal Road and Camp Cardinal Boulevard will be
platted, and the necessary right-of-way will be dedicated and a letter of credit of the cost of installing the
water main in this section of the street will be provided at the time of final plat approval.
2. Installation of sub-grade for this section of Kennedy Parkway will be constructed by the applicant and/or
owner prior to January 1, 2009
3. This section of Kennedy Parkway will be constructed prior to January 1, 2010 or when the school site
(located north of Kennedy Parkway) is developed, or Outlot C of Cardinal Point South is developed;
whichever occurs first, and
4. If the sub-grade is not constructed prior to January 1, 2009 or if the road is not built prior to January 1,
2010, issuance of building permits will cease for Cardinal Point South subdivision.
Koppes seconded the motion.
Planning and Zoning Commission
August16,2007
Page 5
Miklo clarified that there had been two elevation drawings included in the information packet plus the third
drawing which had been distributed prior to the start of the meeting.
Plahutnik also seconded the motion.
Eastham said he would vote in favor of the motion but he wanted to state for the record that it was clear to
him that the development of this application through the rezoning process had added some additional cost to
the eventual homeowners of the properties even though higher densities had been obtained. It was not clear
to him that the zoning code was quite clearly called for some of the additional requirements. Mailboxes were
trivial additional cost. things that were most difficult for him to understand were requirements for two or three
alternative elevations for the zero-lot line and in some cases townhouse units; requiring full width trim around
the townhouse units. Eastham said he felt that some of those things could have been done and achieved a
well designed subdivision and at the same time achieved some kind of cost reduction.
Plahutnik said the developer's main motivation was profit and the City/Commission tried to work within that.
As they asked for things that would raise the cost(s) they tried to give something back by allowing more
development and a little higher occupancy. They tried to keep things in line so the developer could go ahead
with their project and make money. Plahutnik said he was aware that Eastham's hot button was low cost
housing; his place on the Commission - he was not concerned either with the profit or in particular low cost
housing. Plahutnik's main concern was that 25 or 30 years from now when someone drove through this area
they would say that it was a really good addition to Iowa City. For the developer, hopefully buildout would
occur way before then, they would be gone and they'd made their money. Some people had a pride such as
SouthGate had, others didn't. Other things like the multiple elevations, Soviet block housing was the most
egregious example of single face mass development. Hopefully no one would do that in Iowa City however
there were areas of town that one could drive through and say, "What were they thinking? This looked like a
mini Soviet block development." There were tradeoffs and each person on the Commission might have a
different focus. Eastham's focus was low cost housing, Plahutnik said he had other things on his mind which
include the long-term livability of the community.
Freerks said it was not black and white, the Code allowed them to do such things in a planned development
and she didn't see any issue with it. Freerks said she agreed with Plahutnik; looking at the Longfellow Manor
there were a lot of units there and work had been done to create a lot of variety and make the units seem
more individual. It had been a benefit to the neighborhood. This application was somewhat similar. She
supported having neighborhoods that were sustainable and had a lot of variety, she felt this development
would be a good development and she looked forward to seeing it.
The vote passed on a vote of 6-0 (Smith absent).
REZ07-00012, discussion of an application submitted by George Sehl for a rezoning from Intensive
Commercial (CI-1) zone to Community Commercial (CC-2) zone for approximately 0.95-acres of property at
805 and 817 South Gilbert Street. (45-day limitation period: 9-8-2007)
Miklo said this parcel was part of a larger CI-1 zone to the west and was bordered on the east by CC-2 zone.
The north property contained a medical office, the building on the south property was currently vacant and
for lease. Buildings further north contained offices, apartments and a bike shop. Kennedy Plaza was to the
east, commercial on the ground floor with residential on the second floor. To the south and west was Ralston
Creek, there would be no development to the south as it was publicly owned land and contained the creek
bed. To the west was also the creek and further west was a warehouse and quasi-industrial uses.
Staff felt the rezoning made a lot of sense as the creek provided a natural transition point from the proposed
CC2 and the existing CC2 in the area and the more intensive commercial and quasi-industrial area to the
west of the creek. The comprehensive plan showed the area as being generally commercial and the area to
the south as intensive plan. The text of the Plan talked about the change in character of the neighborhood;
Staff felt that that opened the door for the rezoning to CC-2 without doing a major Comprehensive Plan
amendment and it was right on the line of the area of a CC-2 zone as shown in the Comprehensive Plan. It
was a small enough area that Staff didn't feel an amendment to the Comprehensive Plan was warranted.
Planning and Zoning Commission
August16,2007
Page 6
Gilbert was an arterial street with some congestion. Given the existing buildings on the site, the CC-2 uses
would not likely generate more traffic than a CI-1 use. There were good sidewalk networks in the area so it
was suitable for pedestrian traffic. Between the two properties there were 34 parking spaces, sufficient for
the proposed office use. Staff recommended approval of the proposed rezoning from CI-1 to CC2.
Public comment was opened.
Charlotte DePew, 1901 Farrel Drive. DePew was there as part of Informed Choice of Iowa Corporation, who
held the primary purchase offer to purchase the South Gilbert Street property which was currently for lease.
Their offer was contingent upon the rezoning because they were a non-profit medical clinic.
Public comment was closed.
Motion: Koppes made a motion to approve REZ07-00012, a rezoning from Intensive Commercial (CI-1)
zone to Community Commercial (CC-2) zone for approximately 0.95-acres of property at 805 and 817 South
Gilbert Street. Brooks seconded the motion.
Freerks said it seemed like a common sense thing to do; there was no need to change the Comprehensive
Plan in any way to accommodate this. Koppes agreed.
The motion passed on a vote of 6-0 (Smith absent)
Vacation Item
VAC07-00005, discussion of an application submitted by Hieronymus Square Associates to vacate 102 feet
of the north-south alley located in Block 102 subject to the retention of public access and utility easements.
Miklo said this area had been rezoned to CB-10 last year; previous to that the City had vacated a portion of
the alley right-of-way and an alternative alley right of way was established to maintain circulation through the
block. In conjunction with the development of Hieronymus Square, the Commission had vacated a section
with the requirement that an alternative alley or public access easement be established in its place. The
applicant was now seeking the vacation, it was determined that rather than having an alley it would be better
to have a public access. The City would retain the most southern portion of the alley. As Hieronymus Square
proceeded and the designs developed the underground parking area would include almost all of the use of
the land under the property and the applicant would be seeking permission to use the land under the alley.
To make it clear so there would be no liability issues or lease issues involved, Staff recommended vacation
of the alley and retaining an access easement so the public could continue to use the property. The applicant
had agreed to do all snow maintenance of the alley. A new building on the former Rebel Plaza property is
currently under construction. It would have an underground parking access from the southern part of the
alley. With the new design of Hieronymus Square, their underground parking which would be devoted to the
residential and upper floors, would be accessed through the parking structure, it would be the easiest way to
get there and eliminated a lot of ramping and conflicts with sewer and other easements. Staff recommended
approval of V AC07 -00005 subject to retention of public access and utility easements.
Plahutnik said if this were a transfer of property between two private parties, there would be some
consideration involved. It seemed like the consideration that the City was getting was on the applicant's way
to plowing their own lot, they were going to plow the alley as they went anyway. It didn't seem like much
consideration in exchange for getting a chunk of city downtown property. It seemed like they had been in the
business of giving away downtown property for the last couple of years.
Holecek said the City did have an obligation to try and get fair market value. The swap in the consideration
was rather than trying to do an agreement where the City would still retain all liability issues and try to
manage the property above and below, they got the benefit of still having all public access surface rights
without having the responsibility of maintenance of any of the concrete or the snow removal. Given that the
City had taken the stance that this project was also worthy of TIFFing, Legal Staff felt it was a fair swap given
that the applicant was going to absorb most of the property anyway. Miklo said if this was not going to be
encumbered by easements, the City would charge the applicant. The public still had the right to occupy and
Planning and Zoning Commission
August 16, 2007
Page 7
access it. Holecek said the City had one of the most important sticks in the bundle of rights, non exclusivity,
meaning that the applicant could not exclude the public so there was still public access.
Koppes said the Planning and Zoning Commission was never involved in monetary considerations for right-
of-way vacations anyway.
Freerks said this one seemed to have a little different flavor than the vacations they usually did.
Holecek said it was up to the City Council to determine if they felt it was a fair disposition or not.
Public discussion was opened. No public discussion. Public discussion was closed.
Motion: Eastham made a motion to approve V AC07 -00005, the vacation of 102 feet of the north-south alley
located in Block 102 subject to the retention of public access and utility easements. Brooks seconded.
The motion passed on a vote of 6-0 (Smith absent).
CONSIDERATION OF THE AUGUST 2.2007 MEETING MINUTES:
Motion: Brooks made a motion to approve the minutes as typed and corrected. Plahutnik seconded.
The motion was approved on a vote of 6-0. (Smith absent)
OTHER ITEMS:
Memorandum from Karen Howard dated 8/10/2007, regarding REZ07-00010 - St. Patrick's Church and
related NE District Plan amendment. Miklo said Staff had drafted the CZA for the St Patrick Church site and
the Miller's property. The Miller's had shared it with their attorney, who had indicated a desire for some
flexibility if the Church was not built. He'd asked for the additional clause in the CZA. Staff felt it was
consistent with the intent of what was being done and therefore presented it to the Commission. If there was
any concern, Staff would take it to the City Council next week.
Brooks said it read fine to him.
Koppes said it was fine with her.
Eastham said he was fine with it.
Freerks said she would abstain from comment or participation.
Permanent change of informal meeting time to 5:30 pm. Plahutnik said during the holiday season the earlier
meeting time would be difficult for him. Consensus by the Commission to move the informal meeting time to
5:30 pm on Mondays until December. December and January informal meeting start time to be reviewed
closer to the holiday season.
ADJOURNMENT:
Motion by to adjourn by Koppes. Seconded by Plahutnik.
Motion approved by a vote of 6-0 (Smith absent). The meeting was adjourned at 8:24 pm.
Minutes submitted by Candy Barnhill.
s/pcd/mins/p&zJ2007 /8-16-07 .doc
Iowa City Planning & Zoning Commission
Attendance Record
2007
FORMAL MEETING
Term
Name Expires 1/18 2/01 2/15 3/01 3/15 4/05 4/19 5/03 5/17 6/07 6/21 7/12 7/19 8/2 8/16
B.Brooks 05/10 X X X X X OlE X X X X OlE OlE X X X
C. Eastham 05/11 X X X X X X X X X X X X X OlE X
A. Freerks 05/08 X X X X X X X X X X OlE X X X X
E.Koppes 05/12 X X OlE X X X X X X X X X X X X
W. Plahutnik 05/10 X X OlE X X X X X X OlE X OlE OlE X X
D.Shannon 05/08 X X 0 X X X X X X X X X X X X
T. Smith 05/11 X X X X OlE X X X X X OlE X X X OlE
Term
Name Expires 1/29 2/26 4/16 4/30 6/18 7/9 7/16 7/31
B. Brooks 05/10 X X X X X X X X
C. Eastham 05/11 X X OlE X X X X X
A. Freerks 05/08 X X X X OlE X X X
E. Koppes 05/12 X OlE X X X OlE X X
W Plahutnik 05/10 X X X X X OlE OlE OlE
D.Shannon 05/08 OlE X X X X X OlE X
T. Smith 05/11 X X X X X OlE X OlE
NFORMAL MEETING
Key:
X = Present
o = Absent
OlE = AbsenUExcused
MINUTES
DRAFT
C~~
Youth Advisory Commission
August 22,2007
Lobby Conference Room, City Hall
Members Present: Bleam, Nelson, Segar, Weeks
Members Absent: Keranen
Others Present: City Clerk Marian Karr, City Council Liaison Amy Correia, Parks &
Recreation Director Terry Trueblood
Nomination of Temporary Chairperson:
Bleam nominated Segar, seconded by Nelson. Approved 4-0.
Call to Order:
Meeting was called to order at 7:08 P.M.
Approve Minutes:
Motioned by Bleam, seconded by Weeks. Approve 4-0.
Report from the Website Subcommittee:
Nelson reported that he would begin work on flyers advertising the website, the events calendar,
the Youth Empowerment Grant Program, and the Commission.
Karr noted that if she was provided with templates she could arrange printing with a turnaround
time of one business day.
Where the flyers would be posted and distributed was discussed. Some places noted included:
UA Y center, area schools, libraries, high school activity fairs, and posted as advertisements on
Facebook.
Bleam stated that he could facilitate UISG dispersal of the flyers.
Nelson asked the commission to submit events to the calendar.
Report from Grant ProQramminQ Subcommittee:
A press release was issued and the website was updated to include new materials regarding
the Youth Empowerment Grant.
Nelson noted he was contacted by a reporter at the Iowa City Press-Citizen regarding a
possible story on the Youth Empowerment Grants.
Youth Advisory Commission
August22,2007
Page 2
DRAFT
Nelson noted that he, and Chair Keranen, would be a guest on KXIC on Thursday evening
discussing the Youth Empowerment Grants and the Commission.
Nelson asked for a member to be appointed to the Grant Programming subcommittee. David
Segar was chosen.
Parks, Recreation, and Trails Master Plannina Process Update:
Parks & Rec. Director Trueblood noted that the master planning process was beginning. He
asked the Commission to assist with orchestrating a focus group specifically for youth. The
consultant suggested an ideal group size of 18-20 participants.
The focus group will be held on September 19 at 6:30PM at the recreation center. The focus
group would be facilitated by the consultant. The Commission will help with recruiting
representatives to attend. At the focus group the consultant would provide a two page
questionnaire. The age range of participants will be 12 through 19, representing the junior high
schools, high schools, young college students, and young adults. The event will have a
maximum length of two hours. A general meeting open to the public will follow a series of focus
group discussions.
Trueblood asked the Commission to identify groups to ensure good representation of the varied
opinions and views.
Trueblood noted that the consultant advised that 2/3 of the invited students would likely attend,
and that follow-up phone calls are effective in ensuring good attendance.
For obtaining youth ages 18-19, Correia suggested inviting referees from the recreation center
flag football games. She also suggested inviting students from the service learning community
at the University of Iowa. Trueblood suggested inviting UISG freshmen representatives and
students from the UI Leisure Studies program, based on their area of study.
Karr suggested that if enough invitees were interested, there could be a second focus group.
Trueblood noted that there is not a residency requirement for participants.
Correia stated that the following would receive invitations to identify two participants:
. UI Leisure Studies program - Director
. UI Service Learning community - Vanderbeek/Resident Assistant
. UI Student Government - UISG PresidenWice-president
. Tate High School -Principal
. Neighborhood Center of Johnson County -Principal
. United Action for Youth -Principal
. Regina High School -Principal
. City High School -Principal
Youth Advisory Commission
August 22, 2007
Page 3
DRAFT
. West High School -Principal
. North Central Junior High School -Principal
. Southeast Junior High School-Principal
. Northwest Junior High School -Principal
Correia also suggested that each commissioner bring at least one person with them to the focus
group.
Trueblood will draft the invitation letter, asking the contact person to select two or three
representatives to attend the focus group. The Commission chairperson (Keranen) will co-sign
the letter with Trueblood.
Karr will coordinate the mailing of the invitations. Follow up calls will be made the week of
September 10 by commissioners.
Trueblood noted that the master planning process involved more than just focus groups,
including a comparison of cities of similar size with universities.
Correia suggested that the letter indicate that we are "hoping for representation that reflects the
diversity of the student population".
Trueblood noted that there may be an advisory commission for the master planning process. If it
is formed, he would like an appointee from the Commission.
Public Discussion:
None.
Council Liaison Information:
Correia noted that the Commission should consider in the long term organizing a Youth Summit.
An nou ncementsll nvitations:
Karr reported that no applications had been received for the vacant 15-17 year old position, and
noted that Stubbers had moved to Des Moines, effectively vacating her 18-21 year old position.
Karr noted that the application forms can be found in numerous places including the Iowa City
website, and they can be picked up from the City Clerk's office.
Segar suggested targeting other area high schools to obtain more varied representation.
Tentative MeetinQ Schedule:
The next meeting was set for September 24 at 7pm.
Karr noted that the budget planning for the next fiscal year would be starting soon.
Youth Advisory Commission
August22,2007
Page 4
DRAFT
Review Annual Report:
The following changes were requested to the draft report:
~ Correia noted the public input session was on drugs, alcohol, and tobacco.
~ Nelson noted that the Mini-Grant program is now called the Youth Empowerment
Program.
Bleam moved to approve the report as amended, seconded by Nelson. Approved 4-0.
Citizenship Awards:
At the next meeting commissioners will choose dates to present monthly citizenship awards
from October 2 to April 1.
Meetina Adiournment:
Moved by Nelson, seconded by Bleam. The meeting was adjourned at 8:26 PM.
Minutes prepared by Nelson.
x = Present
o = Absent
OlE = Absent/Excused
NM = No meeting
= Not a Member
KEY
TERM 1/17 2/21 3/21 4/25 5/30 7/18 7/25 8/22
NAME EXP.
Audrey 12/31/07 X X X X X X X 0
Keranen
Sarah 12/31/07 X X OlE X X X X ---
Ziegenhorn
Un Weeks 12/31/08 X X X OlE X OlE X X
David Segar 12/31/08 X X OlE X X X X X
Maison 12/31/07 X OlE X OlE OlE X 0 X
Bleam
Jacqueline 12/31/07 X X OlE OlE X OlE OlE --
Stubbers
Michael 12/31/08 X X X X OlE X X X
Nelson
(Meeting Date)
YOUTH ADVISORY COMMISSION
ATTENDANCE RECORD
YEAR 2007
DRAFT
Page 1 of 1
Dale Helling
From: Deb Mansfield
Sent: Wednesday, September 12, 2007 3:42 PM
To: Dale Helling; Kevin O'Malley
Subject: Council Request
A City Council candidate stopped by and was wondering what the property tax impact is to the residential and
commercial taxpayers in FY08 for the current Emergency Communications Department Budget:
Pg 50: Property Tax askings in FY08 for Emergency Communications
853,505
2,331,569,522
Iowa City Taxable Valuation, 1/1/06 for Taxes payable in FY08
Tax rate related to Emergency Communications: 853,505/2,331,569,522 = $0.36606
Residential Rollback factor for FY08: 45.5596%
Residential Taxes per $100,000 valuation for Current Emergency Communications Budget
(100,000 * .455596)/1,000 * $0.36606 =
$16.69
Commercial Taxes per $100,000 valuation for Current Emergency Communications Budget
(100,000/1000) * $0.36606 =
$36.61
Thanks,
Deb Mansfield
Budget Management Analyst
9/12/2007
,~ 1
-~= -....11:
.....--.....
~~~!!
"",... ~IIII.'
-..~
CITY OF IOWA CITY
MEMORANDUM
DATE:
September 13,2007
TO:
City Council Candidates
~~
FROM:
Marian K. Karr, City Clerk
RE:
Information available on City Website
You are encouraged to visit the City's website at www.icgov.org. In addition to current Council
packets, the website includes all Council documents dating back to 1990. Just go to
www.icgov.org/councilagendas.aslJ.
The web provides information on:
. City services
. Jobs
. Collective Bargaining Agreements (under Jobs listing)
. Departmental and staff contact information
. Annual Reports of City Boards and Commissions
. Annual Reports of the Fire Department, Police Department, and Library Board
. Ten year strategic plan for the Fire Department
. Helpful Non-City links to other communities and government entities
. Bid information for construction projects, commodities and services
. EZ-Pay function for on-line payment of utility bills and parking tickets
. Citizens Service Center - one stop portal for complaints, reports, on-line research
. Permit look-up function - building permits, housing inspection records.
. ICGOV2U - subscription service to City e-mails.
. Log of Police activity, arrest blotter.
. User friendly tools to aid new residents, students, or casual visitors
. City Comprehensive Plan
. Historic Preservation Plan
. CITY STEPS
U :candidatewkshopinf.doc
JC/l'l/tfJt/aheAds
CITY OF lOW A CITY, lOW A
FINANCIAL PLAN FOR 2008 - 2010
Fund: 1000 General
Beginning Balance
Current Taxes
Other City Taxes
General Use Permits
Food & Liquor Licens
Professional Licenses
Mise Permits & Licen
Construction Permit & Inspections
Misc. Lie. & Permits
Fed. Intergov. Rev.
Property Tax Credits
State 28e Agreements
Other State Grants
Local Govt 28e Agreements
Bldg & Development
police Services
Animal Care Servs
Fire Services
Transit Fees
Culture And Recreation
Misc. Chg. For Ser.
Water Charges For Services
Code Enforcement
Parking Fines
Library Fines & Fees
Contrib & Donations
Printed Materials
Animal Adoption
Mise Merchandise
Intra-city Charges
Other Misc Revenue
Interest Revenues
Rents
Parking Lot Revenue
Pkg Ramp Revenue
Royalties & Commissions
Sale Of Assets
Empl Benefits Levy
Emergency Levy
Road Use Tax
Mise Other Operating Transfers
From Water Operations
From Wastewater Operations
From parking Operations
From Airport Operations
From Broadband
Transfers From GO Bonds
Interfund Loans
Mise Transfers In
Loans
Total Receipts
Personnel
Services
SUPJ?lies
Capltal Outlay
Transfers Out
Contingency
Total Expenditures
Bnding Balance
Reserved / Designated
Unreserved Balance
\ of Expenditures
2006
Actual
2007
Estimate
2008
Budget
2009 2010
Projection Projection
17,989,182 19,761,364 18,118,644 16,782,872 17,041,585
19,772,004
1,076,393
42,656
95,798
45,495
2,675
1,069,280
30,432
702,988
13,709
1,114,740
458,963
640,566
391,846
56,217
6,763
10,888
857,998
638,831
60,478
3,955
449,429
533,701
203,926
67,761
24,822
11,567
24,856
1,603,263
225,618
1,101,093
211,485
8,723
190,817
33,340
93,830
7,585,382
566,642
3,829,636
379,273
200,000
21,725,341
1,057,692
34,080
96,173
50,410
1,925
1,000,175
37,455
789,009
24,739
1,148,140
451,682
618,427
347,374
33,330
8,000
16,300
801,745
677,209
63,968
3,912
390,050
550,000
207,432
269,800
22,505
15,000
21,306
1,612,027
188,559
1,303,221
287,668
8,666
3~0,000
23,425
285,216
8,210,493
87,827
3,979,975
309,010
12,518
12,518
200,000
6,259
152,821
23,840
7,500
22,292,342
1,116,846
42,629
97,680
45,495
2,675
1,036,762
31,325
785,000
24,739
1,182,700
497,456
606,945
369,093
61,110
8,000
11,528
855,994
652,842
60,826
3,955
452,392
550,000
203,926
235,384
24,687
15,000
24,998
1,643,531
197,606
1,253,221
352,393
8,723
345,000
27,377
101,330
8,495,028
4,174,201
557,452
14,699
14,699
200,000
7,350
152,821
320,000
25,054
3,500
22,942,680
1,136,297
42,629
97,680
45,495
2,675
1,036,762
31,325
785,000
24,739
1,218,181
497,456
626,881
369,093
61,110
8,000
11,528
855,994
652,842
60,826
3,955
452,392
550,000
203,926
227,384
24,687
15,000
24,998
1,643,531
197,606
1,253,221
352,393
8,723
345,000
27,377
101,330
8,890,001
241,439
4,243,607
495,357
16,001
16,001
200,000
8,001
152,821
26,335
3,500
23,612,181
1,156,103
42,629
97,680
45,495
2,675
1,036,762
31,325
785,000
24,739
1,254,726
497,456
627,215
369,093
61,110
8,000
11,528
855,994
652,842
60,826
3,955
452,392
550,000
203,926
227,384
24,687
15,000
24,998
1,643,531
146,256
1,250,000
352,393
8,723
345,000
27,377
101,330
9,298,731
250,000
4,262,778
432,179
17,323
17,323
200,000
8,661
152,821
162,821
460,000
22,679
101,335
9,225
45,193,899 47,484,722 49,186,314 50,231,779 51,253,647
30,503,770
8,454,301
2,010,938
1,524,344
928,364
o
32,801,850
9,631,718
2,256,571
2,206,212
2,034,591
196,500
33,730,753
9,874,567
2,420,804
1,828,280
2,298,452
369,230
34,890,263
9,752,453
2,520,383
1,419,126
1,016,341
374,500
3,500
36,028,511
9,973,463
2,625,685
1,174,646
1,166,806
384,860
43,421,717 49,127,442 50,522,086 49,973,066 51,353,971
19,761,364 18,118,644 16,782,872 17,041,585 16,941,261
2,027,516 1,780,986 2,355,713 2,870,796 3,304,950
17,733,848 16,337,658 14,427,159 14,170,789 13,636,311
41\ 33\ 29\ 28\ 27\
- 20-
City of Iowa City
*Taxable Assessed Property Valuations
Certified for Tax Levies
Description
* Fiscal Year 2008
1 00% Assessment
State rollback
Less: Exemptions
Less Gas & Electric
Commercial,
Industrial &
Utilities
Residential
$2,733,046,488 $1,197,203,188
0.455596
Taxable Assessed Value. for Debt Levy
Less TIF Increment - available for debt only
$1,245,164,986 $1,184,692,458 $
Taxable Assessed Value. Regular Levies
Fiscal Year 2007
100% Assessment
State rollback
Less: Exemptions
Less Gas & Electric
$2,644,769,911 $1,213,801,618
0.45996
Taxable Assessed Value. for Debt Levy
Less TIF Increment - available for debt only
$1,216,097,484 $1,150,301,042 $
Less: Exemptions
Military &
TIF Values
(3,424,348)
( 41,542,405)
Taxable
Assessed
Valuation
$3,930,249,676
(1,500,392,232)
(3,424,348)
(41,542,405)
(44,966,753) $2,384,890,691
(94,863,574) (94,863,574)
$2,290,027,117
(3,462,684)
(42,641,354)
$3,858,571,529
(1,492,173,003)
(3,462,684)
(42,641,354)
(46,104,038) $2,320,294,488
(77,784,899) (77,784,899)
Taxable Assessed Value. Regular Levies $2,242,509,589
**State rolled back Commercial and Railroads to 99.1509% for this year, Other Utilities and Industrial are at 100%.
Fiscal Year 2006
100% Assessment
State rollback
Less: Exemptions
Less Gas & Electric
$2,236,610,259 $1,057,573,490
0.479624
Taxable Assessed Value. for Debt Levy
Less TIF Increment - available for debt only
$1,072,773,878 $1,053,489,045 $
Taxable Assessed Value. Regular Levies
Fiscal Year 2005
100% Assessment
State rollback
Less: Exemptions
Less Gas & Electric
$2,154,800,557 $1,038,402,453
0.484558 * -
Taxable Assessed Value. for Debt Levy
Less TIF Increment - available for debt only
$1,044,125,682 $1,032,424,900 $
(3,484,353)
(42,834,191 )
$3,294,183,749
(1,167,920,826)
(3,484,353)
(42,834,191 )
(46,318,544) $2,079,944,379
(31,028,292) (31,028,292)
$2,048,916,087
(3,627,327)
(45,612,494)
$3,193,203,010
(1,116,652,428)
(3,627,327)
(45,612,494)
(49,239,821) $2,027,310,761
(23,439,402) (23,439,402)
Taxable Assessed Value. Regular Levies $2,003,871,359
HState rolled back Commercial and Railroads to 99.257% for this year, Other Utilities and Industrial are at 100%.
Fiscal Year 2004
100% Assessment
State rollback
Less: Exemptions
Less Gas & Electric
$974,592,309
$1,985,685,748
0.513874
* -
Taxable Assessed Value. for Debt Levy
Less TIF Increment. available for debt only
$1,020,392,299 $974,592,309 $
Taxable Assessed Value. Regular Levies
HCommercial, Industrial and Utilites are at 100% for this year.
*Does not include Tax Exempt Properties
A-17
(3,701,778)
(45,505,049)
$2,960,278,057
(965,293,449)
(3,701,778)
(45,505,049)
(49,206,827) $1,945,777,781
(13,156,396) (13,156,396)
$1.932,621,385
Rollback History
08 .4556
07 .4600
06 .4 796
05 .4845
04 .5138
03 .5166
02 .5626
01 .5485
. 00 .5647
99 .5490
98 .5882
97 .5931
Finadm/bgVfy08/harts. doc
The City's property tax requests for FY2008 through FY2010 including the FY2007
certified tax request, are as follows:
FY2007 *Certified FY2008 Budget
LEVIES Tax Rate Tax Rate
Dollars per $1,000 Dollars per $1,000
General Fund
Tax Levies:
General $ 18,151,050 8.100 $ 18,549,220 8.100
Transit 2,128,827 0.950 2,175,526 0.950
Tort Liability 820,383 0.366 944,682 0.413
Librarv 605,035 0.270 618,307 0.270
Subtotal: 21,705,295 9.686 22,287,735 9.733
Special Revenue Levies:
Emergency 86,184 0.038 - 0.000
Emplovee Benefits 8,288,285 3.699 8,652,546 3.778
Subtotal: 8,374,469 3.737 8,652,546 3.778
Debt Service 8,994,064 3.879 9,028,600 3.786
Total City Levy Property $ 39,073,828 * 17.302 $ 39,968,881 17.297
Taxes:
% Change from 7.19% -2.41% 2.29% -0.03%
Drior vear:
Agland Levy $ 4,751 3.004 $ 4,607 3.004
Total Property Taxes $ 39,078,579 --- $ 39,973,488 --
* FY 2007 adopted budget projected the FY20071evy at $17.29662, which was used as the basis to
set the FY20081evy rate. The state certified the FY 2007 rate as $17.30225 with revised valuation.
FY2009 Projected FY2010 Projected
LEVIES Tax Rate Tax Rate
Dollars per $1,000 Dollars per $1 ,000
General Fund
Tax Levies:
General $ 19,095,376 8.100 $ 19,657,224 8.100
Transit 2,239,581 0.950 2,305,477 0.950
Tart Liability 966,603 0.410 989,632 0.408
Librarv 636,513 0.270 655,241 0.270
Subtotal: 22,938,073 9.730 23,607,574 9.728
Special Revenue Levies:
Emergency 237,207 0.101 245,667 0.101
Emplovee Benefits 8,947,881 3.796 9,230,062 3.804
Subtotal: 9,185,088 3.897 9,475,729 3.905
Debt Service 11,303,363 4.600 12,088,547 4.775
Total City Levy Property $ 43,426,524 18.227 $ 45,171,850 18.408
Taxes:
% Change from 8.65% 5.38% 4.02% 1.00%
Drior year:
Agland Levy $ 4,607 3.004 $ 4,607 3.004
Total Property Taxes $ 43,431,131 - $ 45,176,457 -
- 14-
FY2008 Budget
General Fund Revenue
$49,186,314
Miscellaneous
Use of Money &
Property
2%
/
Other
Sources
11%
Licenses
& Permits
3%
Other City Taxes
2%
General Fund revenue is summarized into eight major categories. An analysis of each category follows:
1. Prooertv Taxes - Property tax revenue provides 63% of General Fund revenue in FY2008. This
includes transfers in from the Employee Benefits and Emergency Levy funds. Property tax support
within the General Fund is proposed to increase by 2.5% in FY2008 to $30.8 million. Property
taxes for FY2009 are proposed at $32.1 million, an increase of 4.2%. FY2010 property taxes are
projected at $33.2 million, a 3.4% increase.
. Direct Receipted Levies - This includes the general, transit, library, tort liability and agriculture
land levies. The property tax revenue as proposed will be at the maximum allowable levy
rates per State of Iowa Code, except for the tort liability levy which has no maximum. FY2008
direct property tax revenues are projected to be $22.3 million or 2.6% greater than FY2007.
FY2009 is projected to increase by 2.9% to $22.9 million and FY2010 by 2.9% to $23.6 million.
. Transferred Levies - The employee benefits levy property tax revenue is receipted into the
Employee Benefits Fund and then transferred to the General Fund. In FY2008 the Employee
Benefit Fund will transfer $8.5 million to the General Fund. The emergency levy is receipted first
into the Emergency Levy Fund and then transferred to the General Fund. It will not be levied in
FY 2008.
2. Other City Taxes - This includes revenue from the state-administered Hotel/Motel tax, a seven
percent (7%) tax upon gross hotel/motel room rental receipts. Receipts are allocated as follows:
Police Patrol (47.5%), Convention and Visitors Bureau (25%), Parks and recreational facilities
(27.5%). FY2008 Hotel/Motel tax is estimated at $673,772.
This category also includes a gas and electric excise tax, a state-legislated reclassification from
property tax to usage tax. While cities were guaranteed a revenue-neutral period from FY2001
through FY2003, they are no longer guaranteed to match the property tax rate. The gas and electric
excise tax is budgeted at $404,301 in FY2008, based on the City's proposed property tax rate and
valuations supplied by the State Department of Revenue and Finance.
-17-
. Please returp. thl. lItub with your September 2005
payment (penany of 1Y2% monthly begins October 1, 2005)
Remit to: THOMAS L. KRIZ
JOHNSON COUNTY TREASURER
PO BOX 2420 Phone:
IOWA CITY IA 52244.2420 (318) 356-8087
Accepted Payment Method: Check, Cash, www.iowatreuurers.org
111111111111111111111111111111111111111111111111111111111111111111111111111
Parcel #: Receipt #: 113893 Year: 2004
TAX DUE: FULL YEAR DUE 09101105
$4,690.00 $2,345.00
Make checks payable to Johnson County Treasurer.
Seq# 26 238
D Check here if your mailing address has changed
(Print the new address on the back of this stub.)
If your .mortgage company pays your taxes, this statement Is for your
nformatlon only.
Please return this stub with YQur March' 2006 'p'a.v.ment
(Penalty of 1Yz% monthlj begins April 1, 20CJ6)
Remit to: THOMAS L. KRIZ
JOHNSON COUNTY TREASURER
PO BOX 2420 Phone:
IOWA CITY IA 52244.2420 (319) ~1
Accepted Payment Method: Check, Cash, www.iowatreas~..org
111111111111 1111111I111111111111 1111 1111111111111111 111111111I11111111111
Parcel #: Receipt #: 113893 Year: 2004
TAX DUE: FULL YEAR DUE 03101106
$4,690.00 $2,345.00
Make checks payable to Johnson County Treasurer.
T
D Check here if your mailing address has changed
(Print the 'new acldress;On 1he back of"lhls'Stub.)
If your .mortgage company pays your taxes, this statement Is for your
Information only.
This Is your 2005/2006 Johnson County Property Tax statement.
Taxes for the period 7/1/04 through 6/30/05 payable September 2005 and March 2006 based on January 1, 2004 valuation.
Thomas L. Kriz
Johnson County Treasurer
PO Box 2420, Iowa City IA 52244
Phone: (319) 356-6087
SectionITownship/Range:
School: IOWA CITY-IOWA CITY
Deedholder:
Parcel:
Receipt: 113893
Year: 2004
Loan Company:.
Taxing District: ICI
Contract Owner:
PROPERTY INFORMATION:
Address:
Parcel:
Tax District: ICI IOWA CITY-IOWA CITY
Gross Acres: nla Exempt Acres: nla Tolal Acres: 0.00
Legal Description:
~
INSTRUCTIONS & IMPORTANT INFORMATION: It is the
desire of the Treasurer's office to give every assistance possible
to our customers, It is your responsibility to see that you receive
statements covering all properties you wish to pay, Including
special assessments or any other tax assessed against you.'
Statements are sent one time per year. All penalties are rounded
to the nearest dollar. A $4 service charge is added if not paid by
May 1 (code 446.9).
SPECIAL ASSESSMENTS I TAX SALES I DELINQUENT TAXES:
Specials - NO Tax Sales. NO Delinquent. NO
Description Current Year Previous Year
V ASSESSED VALUES
Land 43,770 43,770
A Building 0 0
];{ Other 219,000 219,000
TOTAL 262,770 262,770
y, ROLLBACK FACTOR
::A' (Asaesaed . Rollback=Taxable) 0.479643795 0.484556837
tr:: TAXABLE VALUES
]{ Land 20,994 21,209
Building 0 0
:0 Other 105,042 106,118
::Jf GROSS TAXABLE VALUE
LESS CREDITS TO VALUE
::1: MIlitary 0 0
NET TAXABLE VALUE 126,036 127,327
..... Total Combined LEVY RATE 38.3553300 37.0266500
?r GROSS TAXES 4,834.15 4.714.49
:A: (Net Tillable Val... x Levy Rate /1000)
X LESS CREDITS TO TAXES
::IS:: Homestead 145.10 145.46
a: AG Land 0.00 0.00
Family Farm 0.00 0.00
&: Prepaid Taxes nla nla
::F:, Low Income/Elderly 0.00 0.00
::~::
:a
..... TOTAL ANNUAL TAXES & FEES 4,690.00 4,570.00
Johnson County received $91.33 in State Mental Health Tax Relief on
this property.
HOW YOUR TAXES ARE DISTRIBUTED I This Parcel . Total For Authorltv
Taxing Authority I % Of Tax I Current Year I PreViOUS Year Current Year I Previous Year I % Change
STATE OF IOWA 0.010 0.49 0.50 3&6,150 376,182 + 2.459
AG EXTENSION 0.162 7.61 7.91 :146,543 244,113 +0.671
CITY ASSESSOR 0.620 29.06 29.25 41'7,151 475,338 + 2.634
AREA X 1.692 79.35 a2.49 9,sas,S39 9,267,952 + 3.427
COUNTY-URBAN 15.181 74U4 723.84 24, 129,024 22,797,423 +5.841
IOWA CITY SCHOOL 35.411 1,660.77 1,519.03 43,478,518 39,5S'7,477 +9.829
CITY OF lOW A CITY 46.223 2,167.18 2, 136.9S 37,296,343 35,340,151 + 5.533
Due September 1, 2005
Prtpg-26,236 0-26.236
Date Paid:
Check#_
Due March 1, 2006
Date Paid:
Check#_
1 of 1
$100,000 in Property Value
(FY08 )
Assessed Value
Rollback 08
Taxable Value
City Tax Rate
City Tax
Other Taxes (rate)
County
Schools
Community College
State
Other Taxes
Total Property Taxes
Finadm/bgtlfy08/charts.doc
Residential
Commercial
Industrial
$100,000
X 45.56
$ 45,596
17.297
788
21 .534
$100,000
X 0
$100,000
17.297
1,730
21.534
$ 981
1.769
$ 2.153
$ 3,883
2 Types of Debt
GeneraIObligation.(G.O.)
Revenue
GO Debt
full faith and credit
lower cost debt (interest rate)
non-taxable
rated Aaa
Council has authority to sell debt (State regulation)
Revenue Debt
pledge assets of operation
ability to produce income
fixed assets
rated A 1
not part of property tax
Finadm/bgVfy08/harts. doc
E. DEBT SERVICE FUND
This fund accounts for annual principal and interest payments due on general obligation debt of the
City. Funding is provided by the debt service property tax levy, transfers from proprietary funds
(Parking, Wastewater, and Water) and 64-1A TIF district tax revenue. Debt Service issuance in
FY2007 includes a $3.35 million refunding of GO Bonds from 1991 and $8.8 million in general
purpose bonds. FY2008 through 2010 issues are estimated at $10.25 million, $10.5 million and
$7.45 million, respectively.
As stated in the City's Fiscal Policy, "Debt incurred as a general obligation of the City of Iowa City
shall not exceed statutory limits: presently 5% of the total assessed value of property within the
corporate limits as established by the City Assessor." The following schedule and graph depict
current and estimated future debt margins for the City. Property valuations for FY2008 - 2010
have been estimated with the assumption of three percent (3%) growth, annually.
Allowable Debt
Margin Outstanding Debt as % of
Fiscal (5% of Total Debt Allowable
Year Total Property Valuation ProDerty Va!.) at Julv 1 Debt Margin
FYOO 2,416,782,699 120,839,135 46,165,000 38%
FY01 2,591,030,038 129,551,502 41,190,000 32%
FY02 2,692,448,464 134,622,423 61,565,000 46%
FY03 2,909,644,383 145,482,219 85,260,000 59%
FY04 2,962,505,107 148,125,255 79,100,000 53%
FY05 3,195,170,779 159,758,539 85,085,000 53%
FY06 3,214,973,037 160,748,652 85,290,000 53%
FY07 3,732,590,506 186,629,525 85,060,000 46%
*FY08 3,931,783,525 196,589,176 85,370,000 43%
*FY09 4,049,737,031 202,486,852 87,625,000 43%
*FY10 4,171,229,142 208,561,457 88,925,000 43%
* Estimate
- 26-
250
200
G.O. Debt Outstanding
. by Fiscal Year.
-
~
~ 150
.!!
'0
o
'0
1/1
~ 109
==
.
.
+
+
.
.
+
.
.
.
.
o
IDAllowable Debt Margin
. Outstanding Debt
at July 1
50
~~" ~~"" ~~~ ~~ ~~~ ~ro ~~ ~~tO A~OJ A"~
<< << << <<4:. << <<4:. <<4:. ,.<< ,.<( . ,.<( .
Fiscal Year (FY)
Iowa City's Fiscal Policy also includes the guideline that "the debt service levy shall not exceed 25% of the
city levy in anyone fiscal year." The following chart shows the debt service levy as a percentage of the city
levy for FY99 through FY10. The levies for FY01-FY07 are certified; the levies for FY08, FY09, and FY10 are
projected. FY07 and FY08 had one-time reductions in the debt levy as part of General Fund balance
reductions.
* Estimated
Debt S!3rvice Levy
As a Pe rce ntage of
Total Property Tax Levy
30%
25%
20%
20%
15%
10%
5% -
(25% Recommended Maximum)
26%
26%
23%
23%
0%
!:)"
~
....'l- ....~ _Ilo ....f) _eft
'l-~v ~v ~fJ'. "'~v 'l-~~-
",>~ !:)~ !:)tI' !:),,~
.... ,.~ ,.~ ,.~
Fiscal Year (FY)
* Estimated
- 27-
CITY OF lOW A CITY, lOW A
FINANCIAL PLAN FOR 2008 - 2010
Fund: 1000 General
Center: 415100 Human Rights
2006 2007 2008 2009 2010
Actual Estimate Budget projection Projection
Property Tax - General Levy 217,954 203,945 233,988 245,562 257,570
Misc. Lie. & Permits 60 120 60 60 60
Other Mise Revenue 710 710 710 710
Total Receipts 218,724 204,065 234,758 246,332 258,340
Personnel 173,894 162,121 181,007 191,663 202,672
Services 41,701 39,896 50,361 51,177 52,072
Supplies 3,129 2,048 3,390 3,492 3,596
Total Expenditures 218,724 204,065 234,758 246,332 258,340
Personnel Services
- -- - FTE ----
2007 2008
Capital Outlay
2008
HUMAN RIGHTS COORDINATOR
HUMAN RIGHTS INVESTIGATOR
1. 00
1. 50
1. 00
1. 50
2.50 2.50
- 114-
CITY OF lOW A CITY, lOW A
FINANCIAL PLAN FOR 2008 - 2010
Fund: 1000 General
Center: 421320 Crossing Guards
2006 2007 2008 2009 2010
Actual Estimate Budget Projection Projection
Property Tax - General Levy 59,973 61,932 68,134 68,357 68,580
Total Receipts 59,973 61,932 68,134 68,357 68,580
Personnel 59,955 61,032 66,514 66,690 66,865
Services 100 103 106
Supplies 18 900 1,520 1,564 1,609
Total Expenditures 59,973 61,932 68,134 68,357 68,580
Fund: 1000 General
Center: 421500 Emergency Communications
2006 2007 2008 2009 2010
Actual Estimate Budget projection Projection
property Tax - General Levy 754,773 783,797 853,505 833,099 854,606
Local Govt 28e Agreements 52,844 42,275 42,275 42,275 42,275
Total Receipts 807,617 826,072 895,780 875,374 896,881
Personnel 676,434 692,852 724,133 743,645 762,001
Services 114,184 121,085 131,819 122,645 125,533
SUPI?lies 9,586 7,835 7,628 7,884 8,147
Cap:l.tal Outlay 7,413 4,300 32,200 1,200 1,200
Total Expenditures 807,617 826,072 895,780 875,374 896,881
Personnel Services
---- FTE ----
2007 2008
Capital Outlay
Task Chairs (2)
Voice Recording System
2008
1,200
31,000
32,200
EMERGENCY COMM DISPATCHER 10.25 10.25
EMERGENCY COMMUNICATIONS SUPE 1.00 1.00
11.25 11.25
- 50-
Fund: 1000 General
Center: 421220 Patrol
Property Tax - General Levy
Other City Taxes
Fed. Intergov. Rev.
Other state Grants
Police Services
Fire Services
Code Enforcement
Contrib & Donations
Other Misc Revenue
Sale Of Assets
Empl Benefits Levy
Total Receipts
Personnel
Services
Supplies
Capital Outlay
Total Expenditures
Personnel Services
COMMUNITY SERVICE OFFICER
POLICE CAPTAIN
POLICE LIEUTENANT
POLICE OFFICER
POLICE SERGEANT
CITY OF lOW A CITY, lOW A
FINANCIAL PLAN FOR 2008 - 2010
2006 2007 2008 2009 2010
Actual Estimate Budget Projection Projection
4,482,902 4,965,922 5,204,521 5,344,351 5,500,715
301,925 306,220 320,041 326,442 332,971
97,226 5,000
31,938 21,000 21,000 21,000 21,000
56,077 33,330 60,970 60,970 60,970
4,960 8,500 5,000 5,000 5,000
3,178 5,000 3,178 3,178 3,178
1,000
12,307 15,000 12,292 12,292 12,292
47,854 54,956 51,500 51,500 51,500
869,493 915,502 882,556 919,645 955,347
5,907,860 6,330,430 6,562,058 6,744,378 6,942,973
5,122,932 5,517,510 5,678,563 5,904,483 6,125,858
289,065 302,632 313,898 319,129 324,742
204,156 214,640 230,467 237,366 244,473
291,707 295,648 339,130 283,400 247,900
5,907,860 6,330,430 6,562,058 6,744,378 6,942,973
- - -- FTE - - --
2007 2008 Capital Outlay 2008
5.00 5.00 Cages for Marked Squad Cars 2,800
1. 00 1. 00 Chairs, Task & Side 3,000
3.00 3.00 Community Service Officer Vehicle 50,000
49.00 49.00 Conversions for Marked SquadsjCSO 22,500
6.00 6.00 Fiberglass rear seats (4) 2,000
K-9 Unit Vehicle Transport Set-up 2,500
Live Scan Fingerprint System 12,645
Marked Squad Cars 168,000
OC Launcher System 1,130
Police Service Dog (dog-trng-eqp) 10,955
Radar replacement (speed monitor) 12,600
Tactical Body Armor (6) 9,000
Unmarked Patrol Cars 42,000
64.00 64.00 339,130
Transfers In Transfers Out
Empl. Benefits Levy 882,556
882,556
- 47-
CITY OF IOWA CITY, lOW A
FINANCIAL PLAN FOR 2008 - 2010
Fund: 1000 General
Class: 42200 FIRE
2006 2007 2008 2009 2010
Actual Estimate Budget Projection projection
Property Tax - General Levy 3,226,125 3,656,808 3,696,707 3,743,904 3,851,378
Food & Liquor Licens 2,775 3,700 2,775 2,775 2,775
Fed. Intergov. Rev. 96,380
State 28e Agreements 1,090,331 1,123,000 1,143,700 1,178,011 1,213,351
Fire Services 5,928 7,800 6,528 6,528 6,528
Contrib & Donations 1,453 30,000
Printed Materials 243 200 243 243 243
Other Misc Revenue 2,332 2,000 1,961 1,961 1,961
Sale Of Assets 1
Empl Benefits Levy 832,095 852,272 811,943 841,844 870,929
Total Receipts 5,257,663 5,675,780 5,663,857 5,775,266 5,947,165
Personnel 4,683,357 4,861,131 4,947,776 5,128,961 5,310,183
Services 284,930 378,311 342,297 339,347 345,160
Supplies 130,643 146,359 181,966 187,431 193,059
Capital Outlay 111,154 275,791 176,909 103,850 82,250
Other Financial Uses 47,579 14,188 14,909 15,677 16,513
Total Expenditures 5,257,663 5,675,780 5,663,857 5,775,266 5,947,165
Personnel Services
---- FTE ----
2007 2008
ADMINISTRATIVE CLERK/TYPIST
BATTALION CHIEF
DEPUTY FIRE CHIEF
FIRE CAPTAIN
FIRE CHIEF
FIRE LIEUTENANT
FIREFIGHTER
1. 00
4.00
1. 00
4.00
1. 00
10.00
36.00
1. 00
4.00
1. 00
4.00
1. 00
10.00
36.00
57.00 57.00
Transfers In
Empl. Benefits Levy
Empl. Benefits Levy
Empl. Benefits Levy
Empl. Benefits I,evy
688,508
67,672
15,849
39,914
811,943
Capital Outlay
4-Gas Monitors
Automobile
Carpet, tables, chairs, paint.
Digitpl Cameras'
Fire Helmets
Fire Hose
Fitness equipment.
Furniture/mattresses.
High-Pressure Bags
Hydrant Appliances
M1crocomputers/3 Ruggedized Table
Mini-computer PC Package
Other Operatin~ Equipment.
Photo accessor1es
Portable Radios
Printers - 3 mobile printers
Replace weather alert sirens
Rope Rescue Equipment
SCBA Regulator & Headsup Display
Side chairs
Special Operations Equipment
Stora~e units.
Sup~l1ed Air Respirator Harnesses
Tra1ning equipment.
Training vehicle.
Trench/Emergency Building Shoring
Ven fan
Transfers Out
SCBA Loan Repayment
14,909
14,909
- 53-
2008
3,120
33,790
2,500
1,500
5,000
3,000
3,200
3,850
3,650
2,200
12,000
1,400
2,000
3,200
7,500
1,200
20,000
2,450
6,000
1,000
4,000
2,250
1,250
2,500
40,349
6,000
2,000
176,909
CITY OF IOWA CITY. lOW A
FINANCIAL PLAN FOR 2008 - 2010
Fund: 1000 General
Division: 03700 Library
2006 2007 2008 2009 2010
Actual Estimate Budget Projection Projection
Property Tax - General Levy 3,037,909 3,291,283 3,465,462 3,593,072 3,740,953
Current Taxes 553,608 605,478 618,307 636,513 655,241
Delq Prop Taxes 675
Other City Taxes 12,360 11,513 12,340 12,507 12,678
Local Govt 28e Agreements 301,498 322,136 322,136 322,136 322,136
Library Chgs For Servs 4,547 98 98 98
Library Fines & Fees 203,926 207,432 203,926 203,926 203,926
Other Misc Revenue 5,423 191 383 383 383
Rents 21,297 70,000 70,000 70,000 70,000
Royalties & Commissions 3,452 3,174 3,452 3,452 3,452
From Broadband 52,821 52,821 52,821 52,821 52,821
Total Receipts 4,197,516 4,564,028 4,748,925 4,894,908 5,061,688
Personnel 3,057,149 3,267,068 3,429,144 3,556,535 3,683,036
Services 453,481 511,721 511,669 528,088 546,688
Supplies 93,019 109,282 109,487 112,662 115,931
Library Materials 477,918 523,235 549,096 575,201 603,611
Capital Outlay 37,952 40,300 37,107 10,000
Other Financial Uses 77,997 112,422 112,422 112,422 112,422
Total Expenditures 4,197,516 4,564,028 4,748,925 4,894,908 5,061,688
Personnel Services
LIBRARIAN II
LIBRARY ADMINISTRATIVE COORD
LIBRARY ASSISTANT I
LIBRARY ASSISTANT II
LIBRARY ASSISTANT III
LIBRARY BUILDING MGR
LIBRARY CLERK
LIBRARY COORDINATOR
LIBRARY DIRECTOR
LIBRARY SYSTEMS MANAGER
LIBRARY WEB SPECIALIST
MICROCOMPUTER SPECIALIST
MW II - LIBRARY
MWI - LIBRARY
NETWORK DATABASE SPECIALIST
PAGE SUPERVISOR
PUBLIC SERVICES CLERK
SR LIBRARIAN
SR LIBRARY ASSISTANT
SR LIBRARY CLERK
---- FTE----
2007 2008
6.91
1. 00
1. 50
1. 75
4.98
1. 00
3.25
5.00
1. 00
1. 00
.75
1. 00
1. 00
2.50
1. 00
1. 00
3.00
1. 00
2.75
1. 00
6.91
1. 00
1. 50
1. 75
4.98
1. 00
3.25
5.00
1. 00
1. 00
.75
1. 00
1. 00
2.50
1. 00
1. 00
3.00
1. 00
2.75
1. 00
42.39 42.39
Library AV Support
Transfers In
52,821
52,821
capital Outlay
Adult Library Materials
Children's Library Materials
Data Commun Equip
Micro-Computer
Mini-Computer
Painting
RFID Tags
Software Acquisition
2008
440,820
81,276
1,307
6,300
12,000
10,000
27,000
7,500
586,203
Transfers Out
2002 GO Abatement
Ops to Equip Repl
Libr pc Repl Reserve
50,000.
19,454
42,968
112,422
- 72-
City of Iowa City
Capital Improvement Program
Project Category: STREETS, BRIDGES, TRAFFIC
ENGINEERING and PUBLIC UTILITIES
Pro/eet Name
College St. Streetscape
Fund/no
$ 100,000
$ 100,000
Oeser/ot/on Construct streetscape on College from Linn to Gilbert Street.
Fund/no
08 GO Bonds
FY07
$ -
FY08 FY09
$ 100,000 $ -
FY10
$ -
FY11
$ -
Pro/eet Name
Fund/no
Dubuque & Church Streets - Left Turn Bays
$ 510,000
$ 510,000
Oeser/otion
This project will improve both the capacity and safety of the Dubuque and Church Street intersection through the
addition of left turn lanes on the north and south approaches. Federal Surface Transportation Program (STP)
funding will be received for this project.
Fund/no
Federal Grants
Road Use Tax
FY07
$
$
- $
10,000 $
FY08
400,000 $
100,000 $
FY09
FY10
FY11
$
$
$
$
Pro/eet Name
First Avenue I Iowa Interstate Railroad Crossing Improvements
Fund/no
$ 6,200,000
$ 6,200,000
Oeser/ot/on
Construction of a railroad overpass on First Avenue with federal funding of $4.2 million in congressional
designated funds.
Fund/no
Federal Grants
10 GO Bonds
FY07
FY08
FY09
FY10
$ 4,960,000 $
$ 1,240,000 $
FY11
$
$
$
$
$
$
Pro/eet Name
Gilbert Street at Bowery & Prentiss
Fund/no
$ 1,145,000
$ 1,145,000
Oeser/ot/on
This project includes construction of left turn lanes on Gilbert Street at the Bowery and Prentiss Street.
intersection. Water main and storm sewer replacement I repairs will also be made at this time.
Fund/no FY07 FY08 FY09 FY10 FY11
Road Use Tax $ 120,000 $ - $ - $ - $ -
Water User Fees $ - $ 200,000 $ - $ - $ -
Stormwater User F<< $ - $ 160,000 $ - $ - $ -
08 GO Bonds $ - $ 665,000 $ - $ - $ -
C -7
Materials Distributed at the 9/13/07 Council Candidate Workshop:
>> FY2008 Budget and FY2008-2010 Financial Plan
~ Capital Improvement Program FY2007-FY2011
~ Comprehensive Annual Financial Report for the Fiscal Year ended June 30, 2006