Loading...
HomeMy WebLinkAbout2017-09-19 ResolutionM Prepared by: City Clerk's Office, 410 E. Washington St., Iowa City, IA 52240 (319) 356-5043 RESOLUTION NO. 17-293 RESOLUTION TO ISSUE DANCING PERMIT BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY, IOWA, that a Dancing Permit as provided by law is hereby granted to the following named person and at the following described locations upon his/her filing an application, having endorsed thereon the certificates of the proper city officials as to having complied with all regulations and ordinances, having a valid beer, liquor, or wine license/permit, to wit: Blue Moose - 211 Iowa Ave. Studio 13 - 13 S. Linn St. Passed and approved this 19th day of September/ 2017 G. NIA YOR ATTES Cie CI CLERK Approved by City Attorney's Office It was moved by Botchway and seconded by Dickens Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: Botchway Cole Dickens Mims Taylor Thomas Throgmorton Prepared by: Dennis Bockenstedt, Finance Director, 410 E. Washington St., Iowa City, IA 52240 (319)356-5053 Resolution No. 17-294 Resolution Naming Depositories Now therefore, be it resolved by the City Council of the City of Iowa City, Iowa that the City of Iowa City, in Johnson County, Iowa, approves the following list of financial institutions to be depositories of the City of Iowa City funds in conformance with applicable provisions of Iowa Code Chapter 12C.2. The City Treasurer is hereby authorized to deposit the City of Iowa City funds in amounts not to exceed the maximum approved for each respective financial institution as set out below. Maximum Balance Maximum Balance Depository Name Location of Home Office Local Location in effect under prior resolution in effect under this resolution U.S. Bank N.A. 800 Nicollet Mall 204 E Washington St 65,000,000.00 65,000,000.00 Minneapolis, MN 55402 Iowa City, IA 52240 MidWestOne Bank 102 S Clinton Sl Same 100,000,000.00 100,000,000.00 Iowa City, IA 52244-1700 Hills Bank & Trust Co. 131 Main St 132 E Washington St 25,000,000.00 25,000,000.00 Hills, IA 52235 Iowa City, IA 52240 Regions Bank PO Box 387 501 12th Ave, Ste 100 35,000,000.00 35,000,000.00 Memphis, TN 38147-0001 Coralville, IA 52241 West Bancorporation, Inc. 1601 22nd St., Suite 209 229 S Dubuque 35,000,000.00 35,000,000.00 West Des Moines, IA 50266 Iowa City, IA 52240 Bank of the West P.O. Box 73850 301 S. Clinton St 75,000,000.00 75,000,000.00 Cedar Rapids, IA 52407-3850 Iowa City, IA 52240 Wells Fargo Bank, N.A. 666 Walnut St 103 E College St 50,000,000.00 50,000,000.00 Des Moines, IA 50309 Iowa City, IA 52240 University of Iowa 500 Iowa Ave Same 50,000,000.00 50,000,000.00 Community Credit Union Iowa City, IA 522442240 CBI Bank & Trust 140 Holiday Rd Same 15,000,000.00 15,000,000.00 Coralville, IA 52241 Farmers & Merchants 1550 S Gilbert St Same 15,000,000.00 15,000,000.00 Savings Bank Iowa City, IA 52240 Liberty Bank 6400 Westown Parkway 205 E College 25,000,000.00 25,000,000.00 Des Moines, IA 50266 Iowa City, IA 52240 First American Bank 1207 Central Ave 640 Highway 1 W 35,000,000.00 35,000,000.00 Fort Dodge, IA 50501 Iowa City, IA 52246 Two Rivers Bank & Trust 222 N Main St 805 22nd Ave 15,000,000.00 15,000,000.00 Burlington, IA 52601 Coralville, IA 52241 Cedar Rapids Bank & Trust 500 1st Ave NE, Ste 100 Same 20,000,000.00 50,000,000.00 Cedar Rapids, IA 52401 Bankers Trust 221 Third Ave SE Same 20,000,000.00 Cedar Rapids, IA 52406 NXT Bank 119 2nd St, Ste 100 Same 2,000,000.00 Coralville, IA 52241 Passed and approved this 19th day of September 2017 M or 20,000,000.00 oved by Attes 2 t7-/1-17 City Cl®r c City Attorney's Office Resolution No. 17-294 Page 3 It was moved by Botchway and seconded by Dickens Resolution be adopted, and upon roll call there were: AYES: NAYS ABSENT: ABSTAIN: Botchway Cole Dickens Mims Taylor Thomas Throgmorton the r 1 CITY OF IOWA CIT COUNCIL ACTION REPO 091917 3d(2) September 19, 2017 Resolution Naming Depositories Prepared By: Brian Cover, Senior Accountant Reviewed By: Dennis Bockenstedt, Finance Director Simon Andrew, Assistant to the City Manager Fiscal Impact: No impact Recommendations: Staff: Approval Commission: N/A Attachments: Resolution Naming Depositories Executive Summary: The City of Iowa City maintains a list of financial institutions authorized to be depositories of the city's funds. The list that is on file needs to be updated to reflect changes that have occurred. Background /Analysis: Cedar Rapids Bank & Trust has requested to have their maximum balance raised from $20,000,000 to $50,000,000. They are close to their maximum limit and with their pending acquisition of Guaranty Bank, they will have more funds available. The resolution naming depositories being presented would update the list of financial institutions that the City of Iowa City maintains. -`�C,(() Prepared by: Sara Sproule, Assistant Controller, & Ron Knoche, Public Works Director, 410 E. Washington St., Iowa City, IA 52240, 319-356-508815138 Resolution No. 17-295 Resolution approving the City Street Financial Report for the fiscal year ending June 30, 2017. Be it resolved by the City Council of the City of Iowa City, Iowa, that the City Street Financial Report for the period beginning July 1, 2016, through June 30, 2017, be approved. Passed and approved this 19th day of September , 2017. Ma or Attek ity Clerk Approved by City Attorney's Office It was moved by sotchway and seconded by Dickens adopted, and upon roll call there were: Ayes: Nays: Absent: the Resolution be Botchway Cole Dickens Mims Taylor Thomas Throgmorton � r � _r = • wr®14■4 11 CITY OF 1 O WA CIT 09-19-17 COUNCIL ACTION REPO 3d131 September 19, 2017 Resolution approving the City Street Financial Report for the fiscal year ending June 30, 2017. Prepared By: Sara Sproule, Assistant Controller Reviewed By: Simon Andrew, Assistant to the City Manager Dennis Bockenstedt, Finance Director Fiscal Impact: If not approved and submitted by September 30, 2017 the City could risk losing annual Road Use Tax funding. For fiscal year 2018 this is budgeted at $8,320,120. Recommendations: Staff: Approval Commission: N/A Attachments: City Street Financial Report Executive Summary: Iowa Code section 312.14 requires all cities to submit the Street Financial Report (SFR) to the Iowa Department of Transportation (DOT) by September 30 of each year. In accordance with Iowa Code section 312.15, the Iowa DOT must notify the state treasurer of each city not in compliance with this requirement. Once notified, the state treasurer will withhold the Road Use Tax (RUT) funds allocated to the city until the city complies. If a city has not filed its report by December 15 of the same year, RUT funds shall not be allocated to that city and all funds withheld under this provision shall revert to the street construction funds of the cities. Background / Analysis: The Street Financial report is required to include revenues and expenditures in the Road Use Tax Fund, Other Street Monies which applies to revenues and expenditures with any city monies for street purposes only, and Street Debt which includes bonds, notes and loans for only street related revenues and expenses for any debt service payments. Road Use Tax receipts for the City of Iowa City for fiscal year 2017 were $8,424,638. Expenditures covered by RUT funds totaled $7,603,366 including $5,555,125 for Roadway Maintenance, $744,213 for Administration and $707,234 for Street/Bridge Construction. Other Street Monies receipts were $30,943,364. This includes $11,000,000 of Local Option Sales Tax, various Federal and State grants of $8,382,926 and the Streets/Bridges portion of General Obligation debt of $5,712,525. Other Street Monies expenditures were $29,181,694. The majority of this expenditure was for Street/Bridge Construction and Engineering/Consultant Fees totaling $27,937,066. This was comprised of various projects such as the Iowa City Gateway Project (Dubuque Street Elevation and Park Road Bridge Replacement) in the amount of $19,565,950, the First Avenue/IAIS Railroad Crossing Improvements project in the amount of $3,891,878, and the Washington Street Construction project in the amount of $3,284,954. piowao T Form 517007 (5-2017) Office of Local Systems Ames, IA 50010 City Name IOWA CITY Ci(y N11111her 3715 City Street Financial Report Cover Sheet Now therefore let it be resolved that the city council IOWA CITY , Iowa (City Name) On did hereby approve and adopt the annual (munth/day/year) City Street Financial Report from July 1, 2016 to June 30, 2017 (Year) (Year) Contact Information 9"6 0174:!1 PM Fi,ea� 1Yeer I of 10 Name E-mail Address Street Address city ZIP Code Sara Sproule Sara-sproule@iowa-city.org 410 East Washington Street Iowa City 52240-1826 Hours lPhone Extension Phon Alterative) 8:00 AM - 5:00 PM 319-356-5088 i 1319-356-5088 Preparer Information Name E-mail Address Phone Extension Sara Sproule & Ron Knoche Sara-sproule@iowa-city.org 319-356-5088 319-356-5138 Mayor Information ame E-mail Address IStreet Address city Zip Code Jim Throgmorton im-throgmorton@iowa-city.org 1410 East Washington Street Ilowa City 52240-1826 Extension rone 319-356-5010 Resolution Number Signature Mayor Signature City Clerk GPIOWAMT Form 517007 (5-2017) Office of Local Systems Ames, 1A 50010 City Name IOWA CITY ('ihM1un;f.er 3'715 City Street Financial Report Summary Statement Sheet Column 1 Column 2 Column 3 Column 4 Road use Other Steeet Street Debt Totals Tax Fund Monies Round Figures to Nearest Dollars FLeat Year 2017 2 o 10 Column 1 Column 2 Column 3 Column 4 Road use Other Steeet Street Debt Totals Tax Fund Monies Round Figures to Nearest Dollars A.BEGINNING BALANCE EXPENSES 1. July 1 Balance $7,431,938 $7,002,540 $21,444,154 $35.878,632 D. Maintenance 2. Adjustments (Note on Explanation Sheet) $0 $0 $0 $O 1. RoadWay Maintenance 1 $5,555,1251 $482,0251 $0 $6,037,150 2. Snow and Ice Removal $431,071 $23,122 $0 $454,193 3. Adjusted Balance $7,431,9381 $7,002,540 $21,444,154 $35,878,632 E.Construction, Reconstruction and Improvements 1. Engineering $135,415 $2,157,664 $0 $2,293,079 B. REVENUES 2. Right of Way Purchased 3. Street/Bridge Construction $0 $707,234 $5,307 $25,779,402 $0 $5,307 $0 $26,486.636 1. Road Use Tax $8,424,638 $8,424,638 2. Property Taxes $330,662 $6,982,400 $7,313,062 3. Special Assessments $0 $0 $0 4.Traffc Services $0 $0 $0 $o 4. Miscellaneous $24,853,709 $0 $24,853,709 F. Administration G. Equipment $744,213 $30,308 $35,851 $0 $0 _ $780,064 $0 .. $30,308 5. Proceeds from Bonds,Notes, and Loans $5,712,525 $0 $5,712,525 6. Interest Earned $46,468 $0 $46,468 H. Miscellaneous $698,323 $698,323 7. Total Revenues (Lines B1 thru B6) $8,424,638 $30,943,364 $6,ga2,4o0 $46,350,402 J. street Debt 1. Bonds, Notes and Loans -Principal Paid $0 $0 $6,385,709 $6,385,709 C. Total Funds Available (Line A3 + Line B7) $15,856,576 $37,945,904 $28,426,554 $82,229,034 2. Bonds, Notes and Loans - Interest Paid $0 $0 $596,691 $596,691 TOTALS K. Total Expenses (Lines D thru J) $7,603,366 $29.181,694 $6,982,400 $43,767,460 L. Ending Balance (Line C -K) $8,253,210 $8,764,210 $21,444,154 $38,461,574 M. Total Funds Accounted For (K+L=C) $15,856,576 $37,945,904 $28,426,554 $82,229,034 (QIOWADOT Form 517007 (5-2017) Office of Local Systems Ames, IA 50010 City Name IOWACITY (' ,her City Street Financial Report Miscellaneous Revenues and Expenses Sheet 9/620174:11 PM Fiscal Year 2017 3 o 10 Code Number and Itemization of Miscellaneous Revenues (Line B4 on the Summary Statement Sheet)(See Instructions) Column 2 Other Street Monies Column 3 Street Debt 110 ---Parking Revenues $698,323.00 $0.00 112—Utility Revenue $1,531,248.00 $0.00 116-0ther Cities $2,243.00 $0.00 118 --School Districts $365,662.00 $0.00 121 --State Reimbursement $29,358.00 $0.00 122 --RISE Funds $7,635.00 $0.00 123 --Various State Grants $517,061.00 $0.00 127--U-STEP $10,000.00 $0.00 141 --Community Development Block Grant $81,051.00 $0.00 144—FHWA Participation (Fed. Hwy. Admin.) $7,767,179.00 50.00 170 --Reimbursements (misc.) $5,601.00 $0.00 172 --Labor & Services $62,283.00 $0.00 173 --Reimbursement For Damages $23,817.00 $0.00 174 --Sales Tax / Local Option $11,000,000.00 $0.00 190 --Other Miscellaneous $3,069.00 $0.00 193 --Fines & Fees $21,721.00 $0.00 194 ---General Fund Transfers $2,727,458.00 $0.00 Line B4 Totals $24,853,709.00 Code Number and Itemization of Miscellaneous Expenses (Line H on the Summary Column 2 Column 3 Statement Sheet) "On street" parking expenses, street maintenance, buildings, insurance, Other Street Monies Street Debt administrative costs for printing, legal fees,bond fees etc. (See Instructions) 230 ---On Street Parking Only $698,323.00 $0.00 Line H Totals $698,323.00 - Form 517007 {5-20171 Office of Local Systems Ames, IA 50010 City Name IOWA CITY City Street Financial Report Bonds, Notes and Loans Sheet 9/6/10174,11 PM Fli Yeu 4 of 10 New Debt Type Debt Purpose DOT Issue Issue %Related Year Principal Total Total I Principal Interest Principal Bond ? Use Only Date Amount to Street Due Balance Principal Interest Roads Roads Balance as as of 7/1 Paid Paid of 6/30 General Obligation Paving& 310 10/15/2008 $9,669,000 100 2018 $1,737,030 $1,737,030 $10,678 $1,737,030 $10,678 $0 OMSWdion General Obligation Paving & 312 06/08/2009 $4,531,000 100 2019 $1,497,845 $1,497,845 $55,105 $1,497,845 $55,105 $0 construction General Obligation Paving& 313 08/02/2010 $3,665,480 100 2020 $1,538,810 $368,030 $36,692 $368,030 $36,692 $1,170,780 Conatrudlon General Obligation Pai& 314 06/08/2011 $3,356,237 100 2021 $1,668,590 $364,210 $52,104 f364.210 $52,104 $1,304,380 Construdion General Obligation Paving & 315 06/20/2012 $4,278,319 100 2022 $2,679,256 $424,530 $54,770 24,530 $54,770 $2,254,726 Construction General Obligation Paving& 316 07/16/2013 $3,181,200 100 2023 $2,530,000 $341,000 $36,663 $341,000 $36,663$2.189,000 ConsWdan General Obligation Paving& 317 06/03/2014 $1,064,000 100 2017 $520,000 $520,000 $10,400 $520,000 $10,400 $0 ConsWdion General Obligation Paving& 318 06/03/2014 $5,389,756 100 2024 $4,377,731 $511,796 $110,932 $511,796 $110,932 $3,865,935 onsbvdion General Obligation Panning & 319 06/02/2015 $4,836,042 100 2024 $4,404,308 $441,052 $89,274 $441,052 $89,274$3,963.256 ansWdian General Obligation Peting& 320 06/16/2016 $6,604,165 100 2026 $6,604,165 $180,216 $140,073 $180,216 $140.073 $6,423.949 C.OnSWd0r1 General Obligation Pacing& 321 06/15/2017 $5,712,525 100 2027 $5,712,525 $0 $0 $0 $0$5,712.525 sovdion New Bond Totals - $QyT$$ 6. Totals f33,T70,2&0 $6.386.709 $596,691 $6.385.709 5596,691 $28.884.561 Qlt)WADOT City Street Financial Report Form 517007 {5-2017) Office of Local Systems Ames, IA 50010 City Name IOWA CITY Project Final Costs Sheet For construction, reconstruction, and improvement projects with costs equal to or greater than 90% of the bid threshold in effect as the beginning of the fiscal year. Check here Ifthem are no entities for this year Project Final Costs Sheet (Section A) 9/62" LYM Fisea( 1 Yeaar 1 5 o 10 1 1. Project Number 2. Estimated Cost 3. Project Type 4. Public Letting? 5. Location/Project Description (limits, length, size of structure) 53811 $1,778,650 MISC Yes US Highway 6 & Sycamore St Intersection Improvements S3824-2016PCC $250,000 SURF Yes PCC Pavement Rehabilitation 2016 S3824-2015HMA $576,000 SURF Yes Asphalt Resurfacing Project 2015 S3931 $3,200,000 RDSD Yes Sycamore St - City Limits to South Gilbert St Phase 1 S3919 $1,137,984 GRID Yes Rochester Ave Bridge over Ralston Creek P3978, P3979, P3980 $261,368 RDWY es Sycamore St & Lower Muscatine Rd Landscape Improvements S3824-2016HMA $1,177,000 SURF es Asphah Resurfacing Project 2016 Project Final Costs Sheet (Section B) 1. Project Number 6. Contractor Name 7. Contract Price B. Additions/ Deductions 9. Labor 10. Equipment 11. Materials 12. Overhead 13. Total S3811 Peterson Contractors Inc $1,845,737 $6,685 $0 $0 $0 $0 $1,852,422 53824.2016PCC All American Concrete $200,487 $8,895 $0 $0 $0 $0 $209.382 53824-2015HMA LL Palling $689,782 $30,041 $0 $0 $0 $0 $719,823 S3931 Metro Pavers $2,471,978 $31,615 $0 $0 $0 $0 $2,440.363, 53919 Iowa Bridge & Culvert Inc $927,997 $56,384 $0 $0 $0 $0 $984,381 P3978, P3979, P3980 Lewis Brothers $290,977 -$3,867 $0 $0 $0 $0 $287,110 53824-2016HMA LL Felling $975,733 $371,780 $0 $0 $0 $0 $1,347,513 rC a , •.ill Form 517007 {5-2017} Office of Local Systems Ames, 1A 50010 City Name IOWA CITY City Street Financial Report Road/Street Equipment Inventory Sheet FIVI Year ton 6 o 10 1. Local Class I.D. # 2. Model Year 3. Description 4. Purchase Cost 5. Lease Cost /Unit 6. Rental Cost /Unit 7. Used On Project this FY? 8. Status 268 2015 Street Sweeper Elgin Pelican Dual $187,000 $0 $0 No NOCH 306 2016 1 Ton Utility Cargo Van Ford E350 KUV $34,076 $0 $0 No NOCH 227 2016 13200 GVWR Utility Chevrolet 3500 $42,362 $0 $0 No NOCH 222 2011 Chevrolet Colorado Extended Cab 4X4 $20,599 $0 $0 No NOCH 302 2010 19,500 GVWR 1-1/2 Ton Basket Truck Ford F550 $80,629 $0 $0 No NOCH 259 2010 Street Sweeper Allianz -Johnston 3000 $158,369 $0 $0 No NOCH 224 2009 Vibratory Roller Bomag BW120AD4 $33,840 $0 $0 No NOCH 215 2010 1/2 Ton Pickup Ford F150 XLT $23,087 $0 $0 No NOCH 203 2010 38000 GVWR Dump Truck/Freightliner M2106V $105,000 $0 $0 No NOCH 204 2010 38000 GVWR Dump Truck/Freightliner M2106V $105,000 $0 $0 No NOCH 205 2010 38000 GVWR Dump Truck/Freightliner M2106V $105,000 $0 $0 No NOCH 208 2010 38000 GVWR Dump Truck/Freightliner M2106V $105,000 $0 $0 No NOCH 210 2010 38000 GVWR Dump Truck/Freightliner M2106V $105,000 $0 $0 No NOCH 211 2010 38000 GVWR Dump Truck/Freightliner M2106V $105,000 $0 $0 No NOCH 245 2009 40000 GVWR Dump Truck/International 7300 $101, $0 $0 No NOCH 269 2008 Street Sweeper/Allianz-Johnston 3000SP $137,544 $0 $0 No NOCH 293 2004 Creftco Magnum Spray Asphalt Patcher $50, $0 $0 No NOCH 307 2005 Sign Truck/Ford F550 $78,521 $0 $0 No NOCH 252 2005 37000 GVWR Dump Truck/Sterling L7500 $83,63 $0 $0 No NOCH IGIOWADOT Fowl 517007 {5-2017} Office of Local Systems Ames, IA 50010 City Name IOWA CITY Dcr City Street Financial Report Road/Street Equipment Inventory Sheet K"port G, aIn1,-d 1 9/62017 4:11 PM FiscalYear 1 7 o 10 1 1. Local Class I.D. # 2. Model Year 3. Description 4. Purchase Cost 5. Lease Cost /Unit 6. Rental Cost /Unit 7. Used On Project this FY? 8. Status 253 2005 37000 GVWR Dump Truck/Sterling L7500 $83,632 $0 $0 No NOCH 233 1996 Crack Sealer / Craftco FZ100D $16,400 $0 $0 No NOCH 236 2003 Loader -Backhoe / John Deere 31OSG $59,125 $0 $0 No NOCH 237 2002 Loader -Backhoe /r -ase 580 Super M $58,960 $0 $0 No NOCH 242 1993 Air Compressor/ Ingersoll P185CWJD $11,200 $0 $0 No NOCH 243 1993 Air Compressor/ Ingersoll P185CWJD $11,200 $0 $0 No NOCH 244 1998 Air Compressor/ Ingersoll P185CWJD $11,200 $0 $0 No NOCH 280 2004 Concrete Saw / Target Pro 35111 $8,584 $0 $0 No NOCH 294 2000 Mud Jack/Airplaco HJ25 $23,067 $0 $0 No NOCH 312 2001 Aerial Platform / International Elliott 4700 $101,129 $0 $0 No NOCH 316 1998 Street Paint Machine / F2 Liner AL 120EZ $31,800 $0 $0 No NOCH 206 2008 1/2 Ton 4 X 4 Pickup/Ford F-150 $20,696 $0 $0 No NOCH 207 2000 John Deere/Motor Grader 772CH $130,000 $0 $0 No NOCH 232B 2012 550 Ib Concrete Breaker Stanley MB05502 $5,990 $0 $0 No NOCH 230 2012 Endloader/Case 721F $127,750 $0 $0 No NOCH 2418 2012 550 lb. Concrete Breaker/Stanley M805502 $5,990 $0 $0 No NOCH 298 2012 Asphalt Pothole Patcher/Falcon 2T 1 Burner $20,036 $0 $0 No NOCH 276 2014 37240 GVWR Flusher Truck/Freightliner 108SD $121,016 $0 $0 No NOCH 288 2014 37240 GVWR Dump Truck/Freightliner 108SD $118,334 $0 $0 No NOCH 290 2014 37240 GVWR Dump Truck/Freightliner 108SD $118,334 $0 $0 No NOCH QIOWADOT Font 517007 {5-2017} Office of Local Systems Ames, IA 50010 City Name IOWA CITY City Street Financial Report Road/Street Equipment Inventory Sheet Rrparl Gan, 1.[I,l Fiscal Year 2017 8 of 10 1. Local Class I.D. # 2. Model Year 3. Description 4. Purchase Cost 5. Lease Cost /Unit 6. Rental Cost /Unit 7. Used On Project this FY? 8. Status 291 2014 37240 GVWR Dump Truck/Freightliner 108SD $118,334 $0 $0 No NOCH 292 2014 37240 GVWR Dump Truck/Freightliner 108SD $118,334 $0 $0 No NOCH 202 2014 1/2 Ton Flatbad/Ford F150 4 X 2 $24,685 $0 $0 No NOCH 212 2015 14000 GVWR Flatbed/Ford F350 4 X 4 $49,116 $0 $0 No NOCH 213 2015 13700 GVWR Flatbed/Ford F350 4 X 2 $38,844 $0 $0 No NOCH 229 2013 Endloader/Case 621F $120,644 $0 $0 No NOCH 232 2014 Skidloader/Bobcat S650 $41,779 $0 $0 No NOCH 239 2015 13700 GVWR Flatbed/Ford F350 4 X 2 $37,873 $0 $0 No NOCH 240 2015 14000 GVWR Flatbed/Ford F350 4 X 4 $47,260 $0 $0 No NOCH 241 2014 Skidloader/Bobcat S650 $42,111 $0 $0 No NOCH 248 2015 13700 GVWR Utility/Ford F350 4 X 2 $43,412 $0 $0 No NOCH 308 2014 1/2 Ton Pickup/Ford F150 4 X 2 $24,042 $0 $0 No NOCH 220 2016 Meassage Board TrailerNer-Mac PCMS-548 $15,250 $0 $0 No NEW 252 2017 38720 GVWR Dump Truck/Freightliner 108SD $152,625 $0 $0 No NEW 253 2017 38720 GVWR Dump Truck/Freightliner 108SD $175,099 $0 $0 No NEW 307 017 Sign Truck/Ford F550 $127,149 $0 $0 No NEW plowao T Form 517007 {5-2017} Office of Local Systems Ames, IA 50010 City Name IOWA CITY ('gin ,A'rml.r: City Street Financial Report Explanation Sheet 9/6/30174:11 PM Mscal Yew 9ot10 (PIOWADOT Form 517007 {5-2017} Office of local Systems Ames, IA 50010 City Name IOWA CITY 1 .4 City Street Financial Report Monthly Payment Sheet Month Road Use tax Payments July $631,563.89 August $928,059.87 September $875,180.60 October $674,638.34 November $757,055.63 December $627,498.32 January $767,282.97 February 1$792,247.92 March $668,834.73 April $475,322.33 May $533,614.07 June $703,339.39 58,424,638.06 1 916/30174:11 PM I 10 Of 10 ��CA ( LI ) Prepared by: Kris Ackerson, Neighborhood Services, 410 E. Washington St., Iowa City, IA 52240 (319) 356-5230 RESOLUTION NO. 17-296 Resolution adopting Iowa City's Citizen Participation Plan and authorizing the City Manager to submit said plan with all necessary certifications to the U.S. Department of Housing and Urban Development and rescinding Resolution No. 10-265. Whereas, the U.S. Department of Housing and Urban Development (HUD) requires the City of Iowa City, Iowa to prepare and submit a Citizen Participation Plan to meet HUD's basic requirements for resident participation in preparing the Consolidated Plan (aka CITY STEPS), Annual Action Plan, any substantial amendments and the Performance Report; in accordance with Section 104(a) of the Housing and Community Development Act of 1974, codified at 42 U.S.C. Section 5304(a) and 24 CFR Part 91.105; and Whereas, said Citizen Participation Plan replaces the plan adopted by City Council on May 10, 2010 in Resolution No. 10-265; and Whereas the Iowa City Housing and Community Development Commission held a public meeting, disseminated information, and solicited public input regarding the Citizen Participation Plan; and Whereas the City Council finds that the public interest will be served by the adoption of the Citizen Participation Plan and its submission to the U.S. Department of Housing and Urban Development. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that: 1. The City of Iowa City Citizen Participation Plan, filed in the office of the City Clerk, attached hereto, is hereby approved and adopted. 2. City Council Resolution No. 10-265 is rescinded. 3. The City Manager of Iowa City is hereby authorized and directed to submit the City of Iowa City Citizen Participation Plan to the U.S. Department of Housing and Urban Development, and is further authorized and directed to provide all the necessary certifications or documents required by the U.S. Department of Housing and Urban Development. 4. The City Manager is hereby designated as the Chief Executive Officer and authorized to act on behalf of the City of Iowa City in connection with the Citizen Participation Plan. Passed and approved this 191 day of September, 2017. MAYOR ,01 City Attorney's Office (:T-- -,)- City r)- Resolution No. Page 2 17-296 It was moved by Botchway and seconded by Dickens Resolution be adopted, and upon roll call there were: AYES: NAYS: 0-164001 ABSTAIN: Botchway Cole Dickens Mims Taylor Thomas Throgmorton the Citizen Participation Plan for the Iowa City Consolidated Plan (aka CITY STEPS) and Assessment of Fair Housing Table of Contents I. Introduction•................................2 II. Development of Consolidated Plan and Annual Action Plans ............................... 2 III. Amendments to CITY STEPS and Annual Action Plans ........................................ 3 IV. Performance Reports ......................................................................................................... V. Resident Access -----------------------------------------------------------------------------_7 VI. Complaints-------- ----------------------------------- --------------------------------------------------------------------------12 VII. Amendments to Citizen Participation Plan ............................................................. 13 VIII. Section 108 ...................................................... 13 Approved 9/19/17 in Reso. No. 17-_ 11 P a g e Section I. Introduction This Citizen Participation Plan (the "Plan") is a revision of a plan adopted by the City of Iowa City, Iowa (the "City") on May 10, 2010. This Plan helps residents] participate in the development of the Consolidated Plan (a.k.a. CITY STEPS), each Annual Action Plan, annual Performance Report, and Assessment of Fair Housing. CITY STEPS and each year's Annual Action Plan guide the City's use of Community Development Block Grant (CDBG) and HOME Investment Partnerships Program, which are made available from the U.S. Department of Housing and Urban Development (HUD). The Consolidated Annual Performance and Evaluation Report (CAPER) (aka Performance Report) provides an assessment of funds expended and a quantitative analysis of program or project outcomes. The CITY STEPS process shall be integrated into the City's overall yearly goal - setting and budget process and shall provide for resident access designed to encourage participation by low and moderate income persons, as well as the general public. The Housing and Community Development Commission (HCDC) will play a key role in the resident participation process. The Commission will hold public meetings, collect comments, and provide forums for the annual review of CITY STEPS. In addition, other groups, such as, the Local Homeless Coordinating Board and the Iowa City Housing Authority will be asked to participate. This document is designed to meet HUD's basic requirements for "citizen participation" in preparing CITY STEPS in accordance with Section 104 (a) of the Housing and Community Development Act of 1974, codified at 42 U.S.C. Section 5301, and 24 CFR Part 91.105, as well as 24 CFR Part 5 regarding the City's obligation to affirmatively further fair housing. Section H. Development of CITY STEPS, Annual Action Plans, and Assessments of Fair Housing The Housing and Community Development Commission will hold at least one public meeting during the development of Assessments of Fair Housing, CITY STEPS, and/or Annual Action Plan that would include identification of community housing and non -housing needs, prioritization of needs, strategy development to meet identified needs and budget recommendations to implement those strategies. This public meeting shall be held in advance of the 30 -day public comment period. Resident access opportunities, as identified in Section V of this Plan, shall be 1 The federal law (42 U.S.C. 5301) uses the term "citizen participation plan" and that is why this document is entitled, "Citizen Participation Plan." However, the plan is meant to assist all residents of Iowa City and encourage all residents to participate. 2 1 P a g e utilized to increase participation in the development of these documents. The Housing and Community Development Commission will hold at least two meetings annually to provide information regarding these documents, priorities, and proposed activities to residents and to allow resident input regarding the City's community development needs. Residents may propose amendments to these documents. A brief summary of the draft Assessments of Fair Housing, CITY STEPS, and Annual Action Plans shall be published in one or more newspapers of general circulation. Prior to the City Council public meeting, "draft" copies will be available for review. The complete document shall be available for review as outlined in Section V of this Plan. The City shall provide no less than a 30 -day public comment period before final action by the City Council to afford residents, public agencies, and other interested parties with reasonable opportunity to examine the materials. Prior to adoption of CITY STEPS, an Annual Action Plan, or an Assessment of Fair Housing, the City Council will hold a public meeting. Any public comments received during the comment period or at the public meetings shall be considered and shall be summarized and attached to CITY STEPS and/or Annual Action Plan prior to submission to HUD. This shall include a summary of any comments or views not accepted and the reasons therefore. Section III. Amendments to CITY STEPS, Annual Action Plans, and Assessments of Fair Housing Amendments to CITY STEPS and Annual Action Plans shall be categorized as "Substantial" or "Administrative." Definition: Substantial Amendments to CITY STEPS and Annual Action Plans shall be required whenever the City seeks to: • Make a change in its allocation priorities or a change in the method of distribution of funds. • Carry out a program, using funds from any program covered by CITY STEPS (including program income reimbursements, repayment, recaptures, or reallocations from HUD), not previously described in the Annual Action Plan. • Change the purpose of any project with respect to the objectives as originally described in CITY STEPS, such as a change in the type of project or its ultimate objective (e.g., canceling an economic development project and allocating those funds to an affordable housing project). 31 Page • Change the scale and/or nature of a project by $75,000 or 25% of the original budget allocation, whichever is more. • Change the location of a project that is "neighborhood specific" or in a designated urban revitalization area (e.g., elimination of slum and blight) and the project location is changed to include areas beyond that neighborhood. • Reduce the beneficiaries being assisted by 25% or more. • Reduce the number of affordable housing units being assisted by more than fifteen units or by 25%, whichever is more. Any public comments received during the comment period or at the public meeting shall be considered, summarized, and attached to the substantial amendment prior to submission to HUD. This shall include a summary of any comments or views not accepted and the reasons. Definition: Administrative Amendments may be approved by the City Manager. Changes in financial terms shall be reviewed and approved by the City Manager. The City Manager may request the Housing and Community Development Commission to provide a recommendation to Council for consideration and approval. Administrative amendments may include but are not limited to: • Canceling an existing activity or program if no funds were expended. • Updating the amount of prior year HOME or CDBG program income, which was unknown at the time of drafting the Annual Action Plan. • Transferring a funded activity from one approved Annual Action Plan to another Annual Action Plan to facilitate the efficient use of CDBG and HOME funds. For example, an activity is awarded FY2018 CDBG grant funds but uncommitted FY2017 CDBG grant funds can and should be utilized instead. • Funding of administration, economic development, public service, or neighborhood/area benefit activities. • Amending existing agreements with grant recipients. • Changing the purpose of an activity with respect to the objectives as originally described in the Annual Action Plan or funding application. 4 1 P a 9 e • Increasing an activity budget by $50,000 or 25% of the original budget allocation, whichever is more. Otherwise the activity amendment shall be reviewed by HCDC and approved by City Council resolution. • Reducing the number of low to moderate income persons assisted by a housing or public facility activity by 25% or more. Otherwise the activity amendment shall be reviewed by HCDC and approved by City Council resolution. • Reducing the number of housing units being assisted by more than five units or by 25%, whichever is more. Otherwise the amendment shall be reviewed by HCDC and approved by City Council resolution. 51 Page Summary of Notice, Comment, and Meeting Timelines 61 Page Public Notice Continent Public Meeting Period Citizen Publication will contain summary of 30 -day In conjunction with public Participation the contents, purpose, duration of public hearing for Consolidated Plan, Plan public comment period, list of comment publish notice online and in locations where document is period Press -Citizen. available. Amendment Publication will contain summary of 30 -day Prior to implementing the the contents, purpose, duration of public substantial amendment, may be public comment period, list of comment held in conjunction with public locations where document is period hearings for Annual Action Plan. available. Publish notice online and in Press -Citizen. Consolidated Publication will contain summary of 30 -day During the planning process to Plan/ the contents, purpose, duration of public receive comments on the housing Annual public comment period, list of comment and community development Action Plan locations where document is period needs and during the available. Will also include the development of proposed amount of assistance expected, activities. Publish notice online range of activities undertaken, and in Press -Citizen. estimated amount that will benefit low/mod residents. Substantial Publication will contain summary of 30 -day Prior to implementing the Amendment the contents, purpose, duration of public substantial amendment, may be public comment period, list of comment held in conjunction with public locations where document is period hearings for Annual Action Plan. available. Publish notice online and in Press -Citizen. Admin. May be requested at City Manger's Not May be requested at City Amendment discretion. applicable Manger's discretion. Assessment Publication will contain summary of 30 -day Prior to submission to HUD. of Fair the contents, purpose, duration of public Publish notice online and in Housing public comment period, list of comment Press -Citizen. locations where document is period available. AFH Data At or as soon as possible after the Not Not applicable start of the public participation applicable process, data will be made available on the City's website by linking to HUD's website. AFH Publication will contain summary of 30 -day Prior to submission to HUD. Revisions the contents, purpose, duration of public Publish notice online and in public comment period, list of comment Press -Citizen. locations where document is period available. CAPER (i.e., Publication will contain summary of 16 -day Prior to submission to HUD. Performance the contents, purpose, duration of public Publish notice online and in Report) public comment period, list of comment Press -Citizen. locations where document is period available. 61 Page A revision to the Assessment of Fair Housing (AFH) is required when there is a material change. 1. A material change is a change in circumstances that affects the information on which the AFH is based to the extent that the analysis, the fair housing contributing factors, or the priorities and goals of the AFH no longer reflect actual circumstances. Examples include, but are not limited to: a. Presidentially declared disasters, that are of such a nature as to significantly impact the steps the City may need to take to affirmatively further fair housing; b. significant demographic changes; c. new significant contributing factors in the City; and d. civil rights findings, determinations, settlements (including Voluntary Compliance Agreements), or court orders; or 2. Upon HUD's written notification specifying a material change that requires the revision. Section IV. Performance Reports A Performance Report (aka, CAPER) identifies the final budget expenditure and performance results for each Annual Action Plan activity from the currently completed program year and any outstanding activities from prior program years. Performance Reports shall be submitted to HUD within 90 days after the close of the City's CDBG/HOME program year. The City's program year corresponds to the City's fiscal year which runs from July 1 to June 30 of each year. A Performance Report shall be submitted to HUD by September 30. Prior to submission to HUD, the Housing and Community Development Commission shall, following a 15 day public comment period, hold a public meeting as outlined in Section V of this Plan. Any public comments received during the comment period or at the public meeting shall be considered and shall be summarized and attached to the Performance Report prior to submission to HUD. Section V. Resident Access The City is committed to making reasonable and timely access to the needs assessment, strategy development and budget recommendation process of CITY STEPS and Assessment of Fair Housing possible for all members of the community, especially low and moderate income persons. The following outreach efforts are illustrative of measures that should be considered to provide resident access to the CITY STEPS and Assessment of Fair Housing process. Failure to use any one of these shall not be considered a violation of this Plan. 71 Page Mailing List (including electronic mailing lists): Develop a comprehensive mailing list of interested parties, adjacent local governments, religious organizations and public and private agencies that provide affordable housing, assisted housing, economic development, business assistance, health services and social services and use to send summary information, public meeting or comment period notices. Targeted Survey: Survey service providers, community agencies and key informants prior to CITY STEPS or Annual Action Plan development for information regarding community needs, existing services to meet those needs and their assessment of any gaps in meeting those needs, including new strategies to address outstanding needs. City Government Channel: Create and run public service announcements about the CDBG and HOME programs and the CITY STEPS and Assessment of Fair Housing process to inform, educate, and promote resident participation. Neighborhood Organizations: Invite neighborhood groups to participate and to coordinate with their own neighborhood planning and implementation efforts. Iowa City Housing Authority: Invite public housing residents and Housing Choice Voucher holders to participate in CITY STEPS and Assessment of Fair Housing development and implementation. Community Development Week: Use this national recognition week to promote local success stories related to CDBG, HOME, and other community development funding. This may include awards, special project open houses, keynote speakers and neighborhood walks with City Council members or other promotion activities. All Media: Use media releases about the CITY STEPS and Assessment of Fair Housing process and resident participation opportunities throughout the CDBGIHOME program year. City Website: Use this electronic format to publicize public meeting participation opportunities and to highlight CITY STEPS and Assessment of Fair Housing development, implementation, and monitoring process (www.icgoo.o. Targeted Stakeholders: The following organizations shall be considered when preparing or revising the Assessment of Fair Housing or amending the Consolidated Plan (aka CITY STEPS): Regional Government Agencies • City of Iowa City • City of Coralville • City of University Heights • City of North Liberty 81 Page • City of Tiffin • East Central Iowa Council of Governments • Johnson County • Metropolitan Planning Organization of Johnson County Housing • Arc of Southeastern Iowa • Builders of Hope • Four Oaks • Habitat for Humanity • Home Builders Association • Iowa City Housing Authority • Johnson County Affordable Homes Coalition • Residents of public and subsidized housing • Successful Living • Systems Unlimited • The Housing Fellowship Public Services • Abbe Center for Community Mental Health • Access2Independance • Arc of Southeastern Iowa • Big Brothers, Big Sisters of Johnson County • Community Coordinated Child Care (4Cs) • Consultation of Religious Communities • Crisis Center • Department of Human Services • Elder Services • Free Lunch Program • Free Mental Health Clinic • I -CARE • Johnson County Public Health • Neighborhood Centers of Johnson County • Pathways • Prelude Broadband • Cable 4 • CenturyLink • ImOn Communications • Mediacom Flooding, public land and water, and emergency management • Joint Emergency Communications Center • City of Iowa City Development Services 91 Page Homelessness • Continuum of Care • Domestic Violence Intervention Program • Hawkeye Area Community Action Program, Inc. • Shelter House • United Action for Youth Public Meetings and Hearings The federal regulation, 24 CFR 91.105(e), states: The citizen participation plan must provide for at least two public hearings per year to obtain citizens' views and to respond to proposals and questions, to be conducted at a minimum of two different stages of the program year. Together, the hearings must address housing and community development needs, development of proposed activities, and review of program performance. To obtain the views of citizens on housing and community development needs, including priority nonhousing community development needs, the citizen participation plan must provide that at least one of these hearings is held before the proposed consolidated plan is published for comment. This definition of "public hearing" in the federal regulation is substantively similar to the definition and intent of a "public meeting" in Iowa Code Section 21.2(2). Additionally, "public hearings" in State law (Section 21.4(2)(b)) require notice to be published in the newspaper varying days before the public hearing, including as few as one day. So, to avoid confusion between state and federal terms, this document refers to public meetings where the federal regulation above references hearings. The Housing and Community Development Commission shall hold regular monthly public meetings at Senior Center, 28 South Linn Street, Iowa City unless otherwise determined and proper notice given. Notice of public meetings shall be sent to the media in accordance with the Iowa Open Meetings Law and shall be posted on the City Clerk's Bulletin Board located on the First Floor of City Hall, 410 East Washington Street, Iowa City. The agenda shall also be available online at www.icgov.org and at the place of the meeting. Minutes shall be taken of all public meetings and shall be available for public review at the Neighborhood and Development Services Department, 410 East Washington Street, Iowa City during regular working hours. Minutes shall also be available online at www.icgov.org and from the City Clerk. Special Accommodations Non-English speaking persons or persons with hearing impairments can be provided an interpreter at public meetings, if requests are submitted within sufficient time to meet your access needs. 101Page • Language Line, an over -the -phone interpreter service, has been created to translate English into more than 140 languages. Early requests are strongly encouraged to allow sufficient time to meet your access needs. • Requests for disability -related accommodations to participate should be submitted to neighborhoods@iowa-city.org or 319-356-5230. Early requests are strongly encouraged to allow sufficient time to meet your access needs. • The City will reevaluate the most spoken second languages as needed to ensure outreach efforts are received by all residents. Information and Records Availability CITY STEPS [as proposed, adopted or amended], Annual Action Plan, Performance Reports, Assessment of Fair Housing, and this Citizen Participation Plan shall be available in print format upon request for public review during regular working hours at: Neighborhood and Development Services City of Iowa City 410 E. Washington Street Iowa City, IA 52240 319.356.5230 These documents are also available online at www.icgov.org/actionplan. The Neighborhood Services Division has additional information and HUD -provided data available for public review in print format upon request during regular working hours and includes: • Amount of assistance the City expects to receive (including grant funds and program income); • Range of eligible activities that may be undertaken; • Estimated amount of funds anticipated to benefit low and moderate income persons; • Uniform Relocation Act which regulates public responsibility and actions associated with the displacement of persons resulting from a HUD- funded project; and • Records relating to CITY STEPS, Assessment of Fair Housing, Annual Action Plans, and the City's use of assistance during the preceding five (5) years. This information shall be provided in a format accessible to persons with disabilities, upon adequate notice. Requests for additional information may be made to the Neighborhood Services Coordinator at the address and phone listed above. A response shall be provided within five (5) working days of receipt of the request, where practicable. III Page Summary materials regarding an Assessment of Fair Housing, CITY STEPS, Annual Action Plan, amendments and Performance Reports shall be available without charge. Ten free copies of CITY STEPS will be made available. One free copy will be provided to each individual or organization requesting said copy until the supply is exhausted. Photocopier charges and miscellaneous charges for other related services and materials shall be assessed in accordance with the City's Open Records Policy. Technical Assistance Technical assistance shall be provided to groups representative of persons of low and moderate income that request such assistance in developing proposals for funding under any of the activities covered by CITY STEPS or Assessment of Fair Housing. The level and type of assistance provided shall be on a case-by-case basis as determined by the City Manager or their designee and shall be subject to budgeted resources authorized by the City Council. Activity Promotion After the adoption of each Annual Action Plan by the City Council, activities funded in the plan shall be actively promoted to ensure full access to and utilization of funds as budgeted. The Neighborhood and Development Services Department shall have primary responsibility for activity promotion; however, other City departments and subrecipients shall be responsible for ensuring reasonable and timely promotion and access to the projects, programs and services made possible by CDBG, HOME and other HUD funding. Section VI. Complaints Complaint Procedure Resident complaints related to the Assessment of Fair Housing, CITY STEPS, Annual Action Plan, amendments, and/or Performance Report shall be handled in the following manner: a. The Neighborhood Services Coordinator shall accept complaints at any time during the course of the CDBG/HOME program year. Although verbal complaints will be accepted, only written complaints will be responded to in writing. b. Written complaints shall contain a concise statement of the complaint and an explanation of the action desired. c. Complaints shall be investigated and responses to written complaints shall be made within fifteen (15) working days, where feasible, after a complaint is received. d. Copies of the complaint and the response shall be forwarded to the City Manager. 121 Page With limited exception, written complaints and the staff response to said complaints are open records under Iowa law. Should the complainant not be satisfied with the response, the aggrieved person(s) may submit a complaint to the HUD Omaha Field Office at US Department of HUD, Edward Zorinsky Federal Building, Suite 329, 1616 Capitol Avenue, Omaha, NE 68102-4908. Section VII. Amendments to Citizen Participation Plan This Plan may be amended by Resolution of the City Council as necessary or appropriate after review and recommendation by the Housing and Community Development Commission. All amendments shall be consistent with the requirements of HUD. The Housing and Community Development Commission shall review and forward a recommendation of amendment to the City Council. The City Council shall, following a 30 -day public comment period, hold a public meeting as outlined in Section V of this Plan. The City Council shall approve any amendment by resolution prior to submission to HUD. Section VIII. Section 108 Applications for assistance filed by the City for Section 108 loan guarantee assistance authorized under HUD regulation 24 CFR Part 570, Subpart M, are subject to all provisions set forth within this Citizen Participation Plan. Such applications for Section 108 loan guarantee assistance may be included as part of the process for obtaining CDBG/HOME Entitlement funds, or may be undertaken separately anytime during the program year. The required public meeting to inform residents of program requirements will be carried out by the City's Neighborhood and Development Services Department. 13JPage CITY OF IOWA CIT 09-19-17 91917 COUNCIL ACTION REPO 3d14) September 19, 2017 Resolution adopting Iowa City's Citizen Participation Plan and authorizing the City Manager to submit said plan with all necessary certifications to the U.S. Department of Housing and Urban Development and rescinding Resolution No. 10-265 Prepared By: Kristopher Ackerson, Community Development Planner Reviewed By: Tracy Hightshoe, Interim Director Neighborhood & Development Services Geoff Fruin, City Manager Fiscal Impact: Federal HOME and CDBG entitlement funds, program income, and uncommitted or returned CDBG and HOME funds Recommendations: Staff: Approval Commission: Housing and Community Development Commission recommended approval unanimously on June 15, 2017 Attachments: Resolution, Citizen Participation Plan Executive Summary: The City receives Community Development Block Grant (CDBG) and HOME Investment Partnerships Program (HOME) funds annually from the U.S. Department of Housing and Urban Development (HUD). The City's Citizen Participation Plan must be revised to incorporate requirements codified at 42 U.S.C. Section 5301, and 24 CFR Part 91.105, as well as 24 CFR Part 5 regarding the City's obligation to affirmatively further fair housing. The plan is also available at www.icgov.org/actionplan. At the time of this memo, the City has not received any public comment. Background / Analysis: As a reminder the Citizen Participation Plan is a required HUD document that sets forth the steps Iowa City uses to encourage citizen participation in the development of the Consolidated Plan (aka CITY STEPS), Annual Action Plan, any substantial amendments, and the Performance Report. Federal law uses the term "citizen participation plan" and that is why this document is entitled, "Citizen Participation Plan." However, the plan is meant to assist all residents of Iowa City and encourage all residents to participate. At their June 15, 2017 meeting, the Housing and Community Development Commission (HCDC) discussed and recommended unanimously that City Council approve the Citizen Participation Plan. The draft minutes of the June 15 HCDC meeting were included in the July 13 City Council Information Packet. The proposed plan was published for the required 30 -day public comment period on August 18. To date, no public comments have been submitted. 3d (5 Prepared by: Daniel Scott, Public Works, 410 E. Washington St., Iowa City, IA 52240 (319)3565144 Resolution No. 17-297 Resolution awarding contract and authorizing the Mayor to sign and the City Clerk to attest a contract for construction of the 2017 Sewer Rehabilitation Project Whereas, Municipal Pipe Tool Company of Hudson, Iowa, has submitted the lowest responsible bid of $241,440.55 for construction of the above-named project; and Whereas, funds for this project are available in the Annual Sewer Repair account #V3101; and Whereas, The City Engineer and City Manager are authorized to execute change orders according to the City's Purchasing Policy as they may become necessary in the construction of the above-named project. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that: The contract for the construction of the above-named project is hereby awarded to Municipal Pipe Tool Company, subject to the condition that awardee secure adequate performance and payment bond, insurance certificates, and contract compliance program statements. 2. The Mayor is hereby authorized to sign and the City Clerk to attest the contract for construction of the above-named project, subject to the condition that awardee secure adequate performance and payment bond, insurance certificates, and contract compliance program statements. Passed and approved this 19th day of September _,2017 M or Attes Cify Clerk It was moved by Botchway and seconded by adopted, and upon roll call there were: Ayes: X X X X x X Nays: rove y City Attorney's Office Dickens the Resolution be Absent: Botchway Cole Dickens Mims Taylor Thomas Throgmorton r 1 CITY OF IOWA CIT 09-19-17 COUNCIL ACTION REPO R 3d(5) September 19, 2017 Resolution awarding contract and authorizing the Mayor to sign and the City Clerk to attest a contract for construction of the 2017 Sewer Rehabilitation Project. Prepared By: Daniel Scott - Senior Civil Engineer Reviewed By: Jason Havel - City Engineer, Ron Knoche - Public Works Director Geoff Fruin - City Manager Fiscal Impact: The estimated cost for this project is $241,440.55 and will be funded with sewer revenues available in the Annual Sewer Repair account #V3101. Recommendations: Staff: Approval Commission: N/A Attachments: Resolution Executive Summary: This is a recurring maintenance project that includes lining sanitary sewers and manholes at various locations throughout the city. Work on this project also includes repair of sanitary sewer manhole castings and lids as needed. Five (5) bids were submitted for the September 12th letting, and Municipal Pipe Tool Company of Hudson, Iowa, submitted the lowest responsible bid of $241,440.55. Municipal Pipe Tool Co. Visu-Sewer SAK Construction Hydro-Klean Lametti & Sons Engineer's Estimate Hudson, IA Pewaukee, WI O'Fallon, MO Des Moines, IA Hugo, MN $ 241,440.55 $ 248,680.85 $ 297,892.50 $ 301,850.77 $ 307,775.00 $ 335,000.00 Staff recommends awarding the contract for the 2017 Sewer Rehabilitation Project to Municipal Pipe Tool Company. This project is anticipated to be completed in December of 2017. Background / Analysis: The 2017 Sewer Rehabilitation Project will include work at the following locations: Governor Street at Davenport Street Rocky Shore Drive from River Street to Lee Street Woodlawn Avenue at Muscatine Avenue Westminster Street from Washington Street to Bowling Green Place H Street Alley from 6`h Avenue to 5`h Avenue Market Street Alley from Clinton Street to Dubuque Street Tower Court entire street from George Street to end Washington Street at Van Buren Street Maple Street from Clark Street to Oakland Avenue Davenport Street at Pleasant Street Normandy Drive at Manor Drive Post 8/16 v A � NOTICE TO BIDDERS 2017 ANNUAL SEWER REHABILITATION Sealed proposals will be received by the City Clerk of the City of Iowa City, Iowa, until 3:00 P.M. on the 121h day of September, 2017. Sealed proposals will be opened immediately thereafter by the City Engineer or designee. Bids submitted by fax machine shall not be deemed a "sealed bid" for purposes of this Project. Proposals received after this deadline will be returned to the bidder unopened. Proposals will be acted upon by the City Council at its next regular meeting to be held in the Emma J. Harvat Hall at 7:00 P.M. on the 19th day of September. 2017, or at a special meeting called for that purpose. The Project will involve the following: Lining of 4,387 LF of 8 -inch diameter sewer pipe, 1,257 LF of 12 -inch diameter sewer pipe, 285 LF of 18 -inch diameter sewer pipe, 183 VLF of manhole lining, 24 manhole infiltration barriers, 97 service connection reinstatements, and other associated sewer lining work. All work is to be done in strict compliance with the plans and specifications prepared by the City of Iowa City Engineering Division, of Iowa City, Iowa, which have heretofore been approved by the City Council, and are on file for public exami- nation in the Office of the City Clerk. Each proposal shall be completed on a form furnished by the City and must be submitted in a sealed envelope. In addition, a separate sealed envelope shall be submitted containing a completed Bidder Status Form and a bid bond executed by a corporation authorized to contract as a surety in the State of Iowa, in the sum of 10% of the bid. The bid security shall be made payable to the TREASURER OF THE CITY OF IOWA CITY, IOWA, and shall be forfeited to the City of Iowa City in the event the successful bidder fails to enter into a contract within ten (10) calendar days of the City Council's award of the contract and post bond satisfactory to the City ensuring the faithful performance of the contract and maintenance of said Project, if required, pursuant to the provisions of this notice and the other contract documents. The City shall retain the bid security furnished by the successful bidder until the approved contract form has been executed, a bond has been filed by the bidder guaranteeing the performance of the contract, and the contract and bond have been approved by the City. The City shall promptly return the checks or bidder's bonds of unsuccessful bidders to the bidders as soon as the successful bidder is determined or within thirty days, whichever is sooner. The successful bidder will be required to furnish a bond in an amount equal to one hundred percent AECOM #60539072 AF -1 (100%) of the contract price, said bond to be issued by a responsible surety approved by the City Council, and shall guarantee the prompt payment of all materials and labor, and also protect and save harmless the City from all claims and damages of any kind caused directly or indirectly by the operation of the contract, and shall also guarantee the maintenance of the improvement for a period of two (2) years from and after its completion and formal acceptance by the City. The following limitations shall apply to this Project: Specified Completion Date: December 6, 2017 Liquidated Damages: $400 per day The plans, specifications and proposed contract documents may be examined at the office of the City Clerk. Copies of said plans and specifi- cations and form of proposal blanks may be secured at the Office of City Engineer, City Hall, Iowa City, Iowa, by bona fide bidders. A $25 refundable fee is required for each set of plans and specifications provided to bidders or other interested persons. The fee shall be in the form of a check, made payable to the City of Iowa City. The fee is refundable if returned within 14 days of award of the project by City Council in re- usable condition. Bidders shall list on the Form of Proposal the names of persons, firms, companies or other parties with whom the bidder intends to subcon- tract. This list shall include the type of work and approximate subcontract amount(s). The Contractor awarded the contract shall submit a list on the Form of Agreement of the proposed subcontractors, together with quantities, unit prices and extended dollar amounts. Prospective bidders are advised that the City of Iowa City desires to employ minority contractors and subcontractors on City projects. A listing of minority contractors can be obtained from the Iowa Department of Inspections and Appeals at (515) 281-5796 and the Iowa Department of Transportation Contracts Office at (515) 239- 1422. By virtue of statutory authority, preference will be given to products and provisions grown and coal produced within the State of Iowa, and to Iowa domestic labor, to the extent lawfully required under Iowa Statutes. The Iowa Reciprocal Preference Act applies to this project. The City reserves the right to reject any or all proposals, and also reserves the right to waive technicalities and irregularities. Published upon order of the City Council of Iowa City, Iowa. Kellie Fruehling, City Clerk AECOM #60539072 AF -2 a�d (t,) Prepared by: Scott Sovers, Sr. Civil Engineer, 410 E. Washington St., Iowa City, IA 52240 (319)356-5142 Resolution No. 17-298 Resolution accepting the work for the Kiwanis Park Storm Sewer Improvements Project Whereas, the Engineering Division has recommended that the work for construction of the Kiwanis Park Storm Sewer Improvements Project, as included in a contract between the City of Iowa City and Lynch Excavating Inc. of West Branch, IA, dated March 13, 2017, be accepted; and Whereas, the Engineer's Report and the performance and payment bond have been filed in the City Engineer's office; and Whereas, funds for this project are available in the Annual Storm Water Improvements account #M3631; and Whereas, the final contract price is $20,848.50. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that said improvements are hereby accepted by the City of Iowa City, Iowa. Passed and approved this 19th day of September , 2017 Ma or Approved by ATTEST: e V ;.ity Clerk It was moved by sotchway and seconded by adopted, and upon roll call there were: Ayes: Nays: X X X X X X X P renglmasterslacphwrk.doc 9117 ,damp City Attorney's Office Dickens the Resolution be Absent: Botchway Cole Dickens Mims Taylor Thomas Throgmorton r 4 CITY OF IOWA CITE �r COUNCIL ACTION REPOR 3T d September 19, 2017 Resolution accepting the work for the Kiwanis Park Storm Sewer Improvements Project. Prepared By: Scott Sovers - Sr. Civil Engineer Reviewed By: Jason Havel - City Engineer, Ron Knoche - Public Works Director Geoff Fruin - City Manager Fiscal Impact: None Recommendations: Staff: Approval Commission: N/A Attachments: Resolution, Engineer's Report Executive Summary: The project generally involved the installation of storm sewer to facilitate drainage within Kiwanis Park. Work on the project was recently completed by Lynch Excavating Inc. of West Branch, IA, in substantial accordance with the plans and specifications. The Engineer's Report and Performance and Payment bonds are on file with the City Engineer. ❖ Project Estimated Cost: $ 23,122.10 ❖ Project Bid Received: $ 23,715.90 ❖ Project Actual Cost: $ 20,848.50 ENGINEER'S REPORT July 5, 2017 1 t 1 CITY OF IOWA CITY 410 East Washington Street Iowa City, Iowa 52240 - 1826 (319) 356 - 5000 (319) 356 - 5009 FAX www.icgov.org City Clerk Iowa City, Iowa Re: Willow Creek/Kiwanis Park Improvements Project Phase 1 Dear City Clerk: I hereby certify that the construction of the Willow Creek/Kiwanis Park Improvements Project Phase 1 has been completed by All American Inc. of West Liberty, Iowa in substantial accordance with the plans and specifications prepared by HBK Engineering of Iowa City, Iowa. The project was bid as a unit price contract and the final contract price is $329,961.13. There were no change or extra work orders for the project. I recommend that the above -referenced improvements be accepted by the City of Iowa City. Sincerely, J'aason Havel, .E. City Engineer Prepared by: Kim Sandberg, Public Works, 410 E. Washington St., Iowa City, IA 52240 (319) 356-5139 Resolution No. 17-299 Resolution accepting the work for the 2016 Summer Sidewalk Repair Project WHEREAS, the Engineering Division has recommended that the work for construction of the 2016 Summer Sidewalk Repair Project, as included in a contract between the City of Iowa City and Feldman Concrete of Dyersville, Iowa, dated July 8, 2016, be accepted; and Whereas, the Engineer's Report and the performance and payment bond have been filed in the City Engineer's office; and Whereas, funds for this project are available in the Sidewalk Inspection account # 22710220; and Whereas, the final contract price is $64,800.14. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that said improvements are hereby accepted by the City of Iowa City, Iowa. Passed and approved this 19th day of September , 2017 yor Approved by Attes Cit Clerk City Attorney's office -7%rZ�r7 It was moved by Botchway and seconded by Dickens the Resolution be adopted, and upon roll call there were: Ayes x Nays: Absent: Botchway Cole Dickens Mims Taylor Thomas Throgmorton r ' CITY OF IOWA CIT�0% -^� COUNCIL ACTION REPOR 3 September 19, 2017 Resolution accepting the work for the 2016 Summer Sidewalk Repair Project Prepared By: Kim Sandberg - Program Assistant Reviewed By: Jason Havel - City Engineer, Ron Knoche - Public Works Director Geoff Fruin - City Manager Fiscal Impact: None Recommendations: Staff. Approval Commission: N/A Attachments: Resolution, Engineers Report Executive Summary: The project was let as a Competitive Quotation project and has been completed by Feldman Concrete of Dyersville, Iowa, in substantial accordance with the plans and specifications. The Engineer's Report and Performance and Payment bonds are on file with the City Engineer as a Competitive Quotation project. Project Estimated Cost: $ 63,000.00 Project Bid Received: $ 60,565.60 ❖ Project Actual Cost: $ 64,800.14 � r CITY OF IOWA CITY 410 East Washington Street Iowa City, Iowa 52240 - 1826 (319) 356 - 5000 ENGINEER'S REPORT (319) 356 - 5009 FAX www.icgov.org September 6, 2017 City Council City of Iowa City, Iowa Re: 2016 Summer Sidewalk Repair Project Dear City Council: I hereby certify that the construction of the 2016 Summer Sidewalk Repair Project has been completed by Feldman Concrete of Dyersville, Iowa, in substantial accordance with the plans and specifications prepared by the City of Iowa City. The final contract price is $64,800.14. I recommend that the above -referenced improvements be accepted by the City of Iowa City. Sincerely, Jas' on Havel, P.E. City Engineer 3d(2) Prepared by: Scott Sovers, Public Works, 410 E. Washington St., Iowa City, IA 52240 (319)3565142 Resolution No. 17-300 Resolution authorizing the extension of the contract for the annual Pavement Repair Project Whereas, a request for unit prices related to annual pavement repairs (November 1, 2016 - October 31, 2017) associated with water main breaks was bid as an informal project in October 2016; and Whereas, two bids were received for the project; and Whereas, All American Concrete, Inc. of West Liberty, Iowa submitted the lowest responsible bid for construction of the above named project; and Whereas, in the previous three years, the cost of pavement repairs for water main breaks has averaged $102,000 per year; and Whereas, due to an increased number and size of repairs, the contract amount is anticipated to exceed $150,000; and Whereas, the current purchasing policy requires expenditures exceeding $150,000 to be authorized by the City Council; and Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that: 1. The City Manager hereby has authority to enter into a contract for the 2016-2017 Pavement Repair Project with All American Concrete in an amount in excess of $150,000 but less than $225,000. Passed and approved this 19th day of September 2017 M yor Approved by Attest . A Cit Clerk City Attorney's Office It was moved by Botchwav and seconded by Dickens the Resolution be adopted, and upon roll call there were: Ayes: X X X X X X X Nays: Absent: Botchway Cale Dickens Mims Taylor Thomas Throgmorton I r i Ott CITY OF IOWA CITY COUNCIL ACTION REPOR September 19, 2017 Resolution authorizing the extension of the contract for the annual Pavement Repair Project. Prepared By: Scott Sovers - Sr. Civil Engineer Reviewed By: Jason Havel - City Engineer, Ron Knoche - Public Works Director Geoff Fruin - City Manager Fiscal Impact: Final contract amount is anticipated be approximately $200,000 or less. Funding for the project is available in the Water Divisions Operating Budget, account # 73730130 Recommendations: Staff: Approval Commission: N/A Attachments: Resolution Executive Summary: The informally bid pavement repair contact value is approaching $150,000. This resolution requests council authorization for the contract to exceed $150,000, as required by the current purchasing policy. Background / Analysis: Each year there are, on average, approximately 60 water main breaks within the City. Street and or sidewalk pavement typically needs to be removed and replaced in order to repair the water main. With limited resources and the emergency nature of the pavement repairs, the City bids an annual pavement repair project to address damage resulting from water main breaks. This year, the location, number and severity of water main breaks have increased the amount of necessary pavement repairs as compared to recent previous years. Over the previous three years, the cost of pavement repairs for water main breaks has averaged approximately $102,000 per year. Based on repairs that have been completed to date this year, the current contract amount is approaching $150,000. The final contract amount is anticipated to be less than $200,000. According to the City's purchasing policy, contracts exceeding $150,000 require authorization from the City Council. Prepared by: Sarah Walz, Assistant Transportation Planner, 410 E. Washington St., Iowa City, IA 52240 (319) 356-5239 Resolution no. 17-301 Resolution authorizing the installation of speed humps on Friendship Street, between Court Street and Brookside Drive. Whereas, the City Council has established a traffic calming program for the City of Iowa City for the purpose of considering neighborhood traffic calming projects; and Whereas, the residents of Friendship Street, between Court Street and Brookside Drive, have successfully completed the traffic calming process according to the City Council's approved procedure; and Whereas, a neighborhood survey has been conducted in accordance with the approved traffic calming program and an 82% majority of respondents indicated they are in favor of speed humps; and Whereas, the City Council finds said proposal to be in the public interest and is consistent with its adopted traffic calming program. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that: The proposal for speed humps on Friendship Street, between Court Street and Brookside Drive, is hereby approved. 2. City staff is directed to proceed with the installation of speed humps on Friendship Street, between Court Street and Brookside Drive. Passed and approved this 19th day of September 20jl, 4 "' /— �— JA Throgmorton, Mayor 0 Approved by Attests%�5 � Q.�e KellicF'�17A.c.O.,���� ru IinE�g,City City Attorney's Office It was moved by Botchway and seconded by Dickens fhe Resolution be adopted, and upon roll call there were: Ayes: Nays: Absent: % Botchway % Cole x Dickens Resolution No. Page 2 x Mims x Taylor x Thomas x Throgmorton T CITY OF IOWA CITE COUNCIL ACTION REPO �19 September 19, 2017 Resolution authorizing the installation of speed humps on Friendship Street, between Court Street and Brookside Drive. Prepared By: Sarah Walz, Assistant Transportation Planner Reviewed By: Kent Ralston, Transportation Planner Tracy Hightshoe, Interim Director, Neighborhood and Development Services Fiscal Impact: Budgeted in CIP #S3816 Recommendations: Staff: Approval Commission: N/A Attachments: Correspondence, Resolution Executive Summary: The residents of Friendship Street, between Court Street and Brookside Drive, have successfully completed the City of Iowa City's Traffic Calming Program. A traffic study determined that the street qualifies for the program based on traffic speeds. Staff discussed the proposal with residents at a neighborhood meeting. A follow-up survey of neighbors yielded an 82% response rate. Of those households that responded, 78% indicated their approval of the proposal to install speed humps. Background / Analysis: In Spring 2016, residents of Friendship Street, between Court Street and Brookside Drive, submitted a petition to the City seeking consideration for the traffic calming process. A traffic study determined that the street qualified for the program based on speed. The speed limit on Friendship Street is 25 MPH. While the average speed measured on this this portion of Friendship Street is 27 MPH, 15% of drivers are travelling in excess of 32 MPH. This met the minimum threshold for the traffic calming program, which requires that 15% of drivers are exceeding the speed limit by 5 MPH or more. Friendship Street functions as a collector for traffic between Court Street and Muscatine Avenue. It also serves as a low -stress route for bicyclists and is part of a bus route (Court Hill). Pavement widths can influence speed. The pavement width on this portion of Friendship is 25 feet, which is narrower than the current minimum standard of 26 or 28 feet in the subdivision regulations. On -street parking can serve to slow vehicle speeds. On -street parking is allowed on the south side of the street. Block lengths or the frequency of intersections can also influence speed. The block length between Court Street and Arbor Drive is over 900 feet (300-600 feet is the recommended block length in the current subdivision regulations). Staff reviewed the traffic study and street context with the City Engineer, Streets Department, and the Fire Department to consider appropriate ways to address the speeding issue. As part of that discussion lane striping, speed humps, and street medians were all considered. After review, staff concluded that speed humps would be the safest and most effective means for r ' CITY OF IOWA CITY -^� COUNCIL ACTION REPORT lowering speeds. Neighborhood Process: A neighborhood meeting was held on July 19 to discuss options for for slowing speeds. The meeting was well attended with more than 11 households represented at the meeting. After discussion of the options available, the consensus was to pursue installation of speed humps. On July 30, a survey was mailed to residents. The City's Traffic Calming Program requires at least 50% of those addresses surveyed to return their survey postcard and, of those households that respond, 60% must indicate support for the proposed traffic calming project. Staff mailed surveys to 33 addresses located directly adjacent to the affected portion of Friendship Street. Responses were returned by 27 households: an 82% response rate. Of those responding, 6 households checked "no" and 21 households checked "yes" with regard to the proposed installation of speed humps. That is 78% (21 of 27) in support of installation of speed humps. On September 5, signs were posted along Friendship Street, between Court Street and Brookside Drive, and notice was posted to Nextdoor (the community's social network site) to provide opportunity for the public to share input with Council. Funding for traffic calming projects is allocated from a line item in the CIP (S3816). The cost to construct a single speed hump is approximately $1,500 to $2,000. Staff is recommending 4 speed humps along this portion of the street in order to meet the optimal spacing recommendations necessary to lower speeds. Speed humps are located so as not to conflict with driveways, intersections, or storm water drainage. Sarah Walz From: EvanCmattC@aol.com Sent Tuesday, August 29, 2017 2:16 PM To: Sarah Walz Subject: Traffic Claming I did not receive the surveys mailed on July 30, most likely because my address is Court St, and not Friendship. I did receive a letter today explaining the proposal to install speed humps on Friendship Street between Court Street and Brookside Drive. I'm writing you to say, I am definitely in favor of doing sol We built this house ourselves, and moved in, in 1972. Much has changed in east Iowa City, since 1972. And the speed at which people travel on Friendship and Court Streets is one of the greatest. My driveway enters off Friendship Street, and backing out, I have to check both North and South, as well as try to determine if anyone on Court Street is turning onto Friendship. Drivers come around the corner from Court Street to Friendship Street so fast, that I'm sure I would get hit if I happened to be in the street leaving my driveway. The speed drivers descending the grade from Court Street down Friendship Street is unbelievable. So, it is my hope that speed humps can be installed, and only wish something could be done to slow traffic on Court Street also. Lots of children are in that area now, heading for school. I hope it doesn't take a terrible accident to initiate some means of slowing that traffic too. Thank you, and good luck getting this done. Evan C Matthews 3401 E Court St. evancmattCobaol.com Sarah Walz From: Julie Aschenbrenner <aschenbrennerJulie@gmail.com> Sent: Tuesday, September 05, 2017 2:18 PM To: Streets for People Subject: Traffic humps on Friendship As a resident on Willow St that frequently drives down Friendship, 1 think another option that would greatly help the traffic flow on that street would be to somehow limit on street parking. Friendship St. isn't that wide, it's got quite a few curves and difficult to see cross -streets, it has bus traffic ... not very conducive to good traffic flow when you then add all the cars parked on the street. Thanks for considering, Julie Aschenbrenner Sarah Walz From: Stephanie Watson -Mendoza <swmendoza09@hotmafl.com> Sent: Tuesday, September 05, 2017 7:58 PM To: Streets for People Subject: Question Hello, I am a resident of Dover Street that connects to Friendship. We get a considerable amount of cut -through drivers who neglect to follow the speed limit. Our house sits on the bend and we have watched car after car take the for the past two years take the turn like it is a raceway. I appreciate the efforts of the neighbors on Friendship to reduced high speeds however, I don't see how this small area is going to be effective in solving the overall safety concerns. If anything, It will only make speeders go even faster on Dover Street to make up for loss time. I think this needs to be considered as it impacts my family with children who play outside and my neighbors who also have children. The City should be aware of the streets that have been largely known for speeding due to cut -through drivers. Some streets in this area include Friendship, Dover and Esther. Thank you for your time in reading my concerns, Stephanie Watson -Mendoza Sent from my iPhone Sarah Walz From: Amanda McFadden <amwilson03@gmail.com> Sent: Wednesday, September 06, 2017 9:46 AM To: Streets for People Subject: Traffic Calming on Friendship St between Court and Brookside Hello, I read about the Traffic Calming study for Friendship St between Court and Brookside on Next Door. I am a resident of the adjoining Norwood Circle. I fully support the installation of speed humps on this portion of Friendship St. Thank you to the residents and the City for taking action to address this need. Sincerely, Amanda Sarah Walz From: Mary Kundert <mekundert@gmail.com> Sent: Wednesday, September 06, 201710:13 PM To: Streets for People Subject: Friendship St Traffic Calming Thank you for addressing traffic speeds on Friendsip Street. I only wish and hope that you will consider starting the "calming" at the comer of Friendship St. and Meadow or at First Ave and Friendship. My parents live on the S.E. corner of Friendship and Meadow (2701 Friendship St) . I can attest to witnessing traffic exceeding the speed limit by many mph (often dangerously) in front their house for many years. A car taming right from Friendship St. onto Meadow at high speed plunged through a fence and multiple feet down a small hill into the middle of my parents backyard where my mother had been gardening just a couple of minutes earlier. Thankfi lly, my mother had just gone inside and did not get hit, injured, or killed. I have had my car hit at high speed when parked in the street in front of their home. Multiple members of the family living in the house to the east of them have also had their cars hit. Hopefully the calming starting at Brookside and Friendship will also help slow traffic on the portion of Friendship St. going west from Brookside to I st Ave. As you are most likely aware residents on Dover St. below Muscatine Ave and on Catskill Ct use Meadow St to get to Friendship and then tum left to get to First Ave or right to get to Court St on the way to Scott Blvd essentally using Friendship as an arterial street. There is also traffic associated with "cut throughs" on Dover coming from residential areas south of Muscatine Ave. It's well known that you can avoid the Muscatine/ First Ave stoplight by using Dover to Meadow to Friendship to get First Ave. Thank you for your consideration of the traffic speeds on Friendship St and associated initiatives to "calm" . With kind regards, Mary Kundert 43 Wakefield Ct. Iowa City Kellie Fruehling From: Kent Ralston Sent: Monday, September 11, 2017 2:21 PM To: 'bryan-ringen@uiowa.edu' Cc: *City Council Subject: friendship street Hello Mr. Ringen—Thank you for sharing your concerns regarding the traffic calming proposal to add speed humps on Friendship Street. The proposal to add speed humps should not affect buses negatively and the Iowa City Transit Manager is supportive of the project. The design of the proposed speed humps allows them to be traversed by bicyclists with little issue. The speed humps will also be constructed where there is a gap between the speed hump and the curb to allow for water to properly drain from the street. This gap also allows an opportunity for bicyclists to ride around the speed humps should they so choose. 'Speed humps', as proposed to be constructed on Friendship Street, are also different than 'speed bumps'. Speed humps are intended to be driven over between 20-25mph whereas speed bumps are only intended to be driven over at 5mph — speed bumps are typically found in parking lots and are much more severe than what is proposed for Friendship Street. Again, thank you very much for sharing your concerns regarding this matter. If you have any further questions please don't hesitate to contact me directly. Best regards, Kent Ralston, AICP Executive Director I Metropolitan Planning Organization of Johnson County Transportation Planner I City of Iowa City 410 E. Washington St. Iowa City, IA 52240 319.3565253 From: Ringen, Bryan J [mailto:bryan-ringen@uiowa.edu] Sent: Monday, September 11, 2017 8:37 AM To: Council Subject: friendship street Please do not put speed bumps on friendship street. I ride my bike on that street. Also take the City Bus. That would not be good to have all those bumps on the Bus! Bryan Ringen 3568 Vista Park Drive Iowa City Iowa 52245 tate Handouts Distributed --11-3d (9) Kellie Fruehling From: Barbara Meredith <besm50@icioud.com> Sent: Monday, September 18, 2017 8:23 PM To: Council (Date) Cc: Streets for People Subject: Your vote on speed humps for Friendship Street - September 19, 2017 For your meeting of September 19, 2017, we would like to encourage you all to vote IN FAVOR of installing speed humps on Friendship Street, between Court Street and Brookside Drive, as proposed. We live in that neighborhood and we recently had an overwhelming vote approving the speed hump installation. Due to the ridiculous amount of speeding in our neighborhood, the residents are fed up. Here are some points which we hope will help you make the determination we in the neighborhood are hoping for. • First of all, many thanks to Sarah Walz and Kent Ralston from MPO for their help in this process. • Our family has lived at 3209 Friendship Street since 1990, so we're well aware of the speeding situation, and how it has escalated over time. • We've seen families move away, in part, due to the speeding traffic and concern for their children's safety. • Recently a new neighbor hesitated to purchase his home when he witnessed a speeder as he was viewing the house. • Children are generally prohibited from playing on the front sidewalk for safety reasons. That doesn't make it easy to visit with your neighbors. • Speeding seems to be getting worse; we try to use hand signals or other to get them to slow down - we're either totally ignored, or, just not seen at all because they are driving so fast. • Our street appears to be a byway from east Court to Muscatine Avenue, by way of Brookside and Willow; many people are using it for a short cut. • Our stretch of Friendship Street is designated by the Urban Federal Functional Classification system as a LOCAL road. It was developed in the 1960s, and is unrestricted for approximately one mile. That's a long stretch, which allows drivers to pick up speed. Currently, local roads are not designed in this manner for this very reason. • The curve at the eastern intersection with Court Street seems to encourage speeders, as if they were on a race track. In other instances it throws them off guard and they narrowly miss oncoming traffic. • One time a speeder ran off the road at the curve (headed east), and traveled through two yards before plowing into and totaling a personal vehicle parked in a driveway! Remember, we had an 82% response rate to the neighborhood survey and of those, 72% voted to have the city install speed humps. Those are big numbers; please don't disappoint us. Thank you very much for your consideration of this matter. Barbara and Bill Meredith 3209 Friendship Street SCO ) Prepared by: Sara Greenwood Hektoen, Asst. City Attorney, 410 E. Washington Street, Iowa City, IA 52240;319-356-5030 Resolution no. 17-302 Resolution of Intent to Consider Conveyance to the State of Iowa a Portion of Vacated Right -of -Way Adjacent to 2222 Old Highway 218 South and Setting a Public Hearing on Said Proposal for October 3, 2017. Whereas, the City of Iowa City is applying for a vacation of the unimproved right of way north of McCollister Blvd, west of South Riverside Drive adjacent to at 2222 S Riverside Drive. Whereas, the right of way appears to be part of an old alignment of South Riverside Drive; and Whereas, the intent of the vacation is to allow it to be conveyed to the State of Iowa for the use and benefit of the University of Iowa; and Whereas, the City of Iowa City is the abutting owner to the south - the City has no interest in retaining this segment of right of way, though sanitary sewer is located under this.area and thus an easement for that purpose will be necessary; and Whereas, the Planning and Zoning commission has considered and recommends approval of the vacation of this right-of-way; and Whereas, City Council is considering approval of the vacation; and Whereas, if approved, this conveyance would be done in exchange for the State's conveyance of certain right-of-way to the City on Block 44, Original Town (the alley bisecting the City Hall parking lot) so that it may be incorporated into redevelopment thereof. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that: 1. The City Council does hereby declare its intent to consider the conveyance of vacated right-of-way adjacent to 2222 Old Highway 218 South to the State of Iowa for the use and benefit of the University of Iowa, subject to a sanitary sewer easement and in consideration for the State's conveyance to the City of the alley right-of-way in Block 44, Original Town, Iowa City, Iowa. 2. A public hearing on said proposal should be and is hereby set for October 3, 2017, at 7 p.m. in Emma J. Harvat Hall at City Hall, 410 E. Washington St., Iowa City, Iowa, or if said meeting is cancelled, at the next meeting of the City Council thereafter as posted by the City Clerk. The City Clerk is hereby directed to cause Notice of Public Hearing to be published as provided by law. Passed and approved this 19 h day of September , 2017. MAYOR Approved by ATTES �Gvlvt i> CI YCLERK U City Attomey'sOffice , Resolution No. Page 2 17-302 It was moved by Botchway and seconded by Resolution be adopted, and upon roll call there were: Dickens the AYES: NAYS: ABSENT: ABSTAIN: x Botchway x Cole x Dickens X Mims x Taylor x Thomas x Throgmorton r 1 CITY OF IOWA CIT09-1917 •�� COUNCIL ACTION REPO e - September 19, 2017 Resolution of Intent to Consider Conveyance to the State of Iowa a Portion of Vacated Right -of -Way Adjacent to 2222 Old Highway 218 South and Setting a Public Hearing on Said Proposal for October 3, 2017. Prepared By: Sara Hektoen, Assistant City Attorney Reviewed By: Eleanor Dilkes, City Attorney Geoff Fruin, City Manager Fiscal Impact: None Recommendations: Staff: Approval Commission: N/A Attachments: Resolution Executive Summary: This resolution sets a public hearing on the conveyance of certain right-of-way adjacent to 2222 Old Highway 218 South to the State of Iowa for the use and benefit of the University of Iowa. Currently this property is used for the University Surplus. Background /Analysis: This right-of-way is not used for traffic circulation, but rather only provides access to the surplus University Surplus building on 2222 S. Riverside Drive. Sanitary sewer is located in this right-of- way, and thus the conveyance will be subject to an easement for such purpose. In exchange for this conveyance to the State, the State would convey its interest in the alley bisecting City Hall block to the City so that it may be incorporated into redevelopment of that block for Augusta Place. Prepared by: John Yapp, Devel. Services, 410 E. Washington St., Iowa City, IA 52240; 319-356-5252 (VAC17-00001) Resolution No. 17-303 Resolution vacating alley right of way in Block 44, Original Town Plat Whereas, the City of Iowa City is applying for a vacation of alley right-of-way in Block 44, Original Town Plat, which is located north of and adjacent to City Hall; and Whereas, the alley right of way provides access solely to the City Hall parking lot and does not provide access to any private property; and Whereas, a development agreement has been approved to permit redevelopment of the City Hall parking lot north of City Hall; and Whereas, with redevelopment of the parking lot north of City Hall, the alley right of way is no longer necessary; and Whereas, necessary access and utility easements will be created commensurate with the conveyance of said alley right of way. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa that: 1. The vacation of the following described right-of-way in Block 44, Original Town Plat, City of Iowa City, is hereby approved: Alley right of way in Block 44 of the Original Town Plat, Iowa City, IA excepting the S 10' of the W 120'. Passed and approved this 19th day of September 20_, 41,1-� Ma or Approved by Attest -r GLce City Clerk It was moved by Ml and secon y be adopted, upon roil call there were: PCD/temptates/vacV-00001 resoluUmdoc �� sr-c� CitXAttorney's Office Bot way the ResoluL�i�¢3 17 Absent: Botchway Cole Dickens Mims Taylor Thomas Throgmorton 5b jG Prepared by: John Yapp, Devel. Services, 410 E. Washington St., Iowa City, IA 52240; 319-356-5252 (VAC17-00001) Resolution No. 17-304 Resolution vacating right of way adjacent to 2222 Old Highway 218 South Whereas, the City of Iowa City is applying for a vacation of right of way adjacent to 2222 Old Highway 218 South; and Whereas, the right of way is part of an old alignment of South Riverside Drive; and Whereas, the right of way is unimproved, is not used for general traffic circulation, and is not planned to be used for general traffic circulation; and Whereas, the right of way is only used for access to the property at 2222 Old Highway 218 South; and Whereas, it is in the best interests of the City to vacate the right of way and allow it to be conveyed to the owner of 2222 Old Highway 218 South. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa that: 1. Vacation of the following described right-of-way adjacent to 2222 Old Highway 218 South is hereby approved: Commencing at the Southwest corner of Section 22, Township 79 North, Range 6 West of the 5"' Principal Meridian, City of Iowa City, Johnson County, Iowa; thence N00°27'59", along the west line of government Lot 5, a distance of 793.86 feet; thence S89°32'01"E, 99.38 feet to a point on the northerly right-of-way line of McCollister Boulevard and the southeasterly right-of-way line of South Riverside Drive and the point of beginning; thence N58°33'57"W, 73.87 feet to a point on said northerly right-of-way line of McCollister Boulevard and the northwesterly right-of-way line of South Riverside Drive; thence N58`02'19"E, along said northwesterly right-of-way line, 298.80 feet; thence S44`58'47"E, 67.71 feet to a point on said southeasterly right-of-way line of South Riverside Drive; thence S58°02'19"W, along said southeasterly right-of-way line, 281.00 feet to the point of beginning, containing 0.44 acres (19,133 square feet) and is subject to easements and restrictions of record. Passed and approved this 19th day of September —'20 17 M or Approved by Attest: �G+tit tar Clerk `City Attorney's Office ai��s l�7 KDRemplalesNac17-00002 resolution (2).doc Resolution No. 17-304 Page 2 It was moved by Mims and seconded by Botchway the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: ABSTAIN: x Botchway x Cole x Dickens x Mims x Taylor X Thomas X Throgmorton 5-F Prepared by: Bob, Senior Planner, 410 E. Washington St, Iowa City, IA 52240; 319-356-5240 (SUB17-00009) Resolution No. 17-305 Resolution approving the preliminary plat of Country Club Estates, Seventh and Eighth Addition, Iowa City, Iowa. Whereas, the owner, S & J Development, filed with the City Clerk, an application for approval of the preliminary plat of Country Club Estates, Seventh and Eighth Addition, Iowa City, Iowa; and Whereas, the Department of Neighborhood and Development Services and the Public Works Department examined the preliminary plat and recommended approval; and Whereas, the Planning and Zoning Commission examined the preliminary plat and, after due deliberation, recommended acceptance and approval of the plat; and Whereas, the preliminary plat conforms with all of the requirements of the City Ordinances of the City of Iowa City, Iowa. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa that: The preliminary plat of Country Club Estates, Seventh and Eighth Addition, Iowa City, Iowa, is hereby approved. 2. The Mayor and City Clerk of the City of Iowa City, Iowa are hereby authorized and directed to certify this resolution, which shall be affixed to the plat after passage and approval by law. Passed and approved this19tiday o{septemb2017 M or ApprovedBy Atte X/Gtivt aeko-a' ity Clerk City Attorney's Office 9/ f 241 -7 It was moved by Botchway and seconded by Dickens the Resolution be adopted, and upon roll call there were: Ayes: Nays: Absent: X Botchway X Cole X Dickens X Mims X Taylor X Thomas X Throgmorton s\pcd\preliminary plat- resolution.doc To: Planning and Zoning Commission Item: SUB17-00009 Country Clubs Estates Seventh and Eighth Additions GENERAL INFORMATION: STAFF REPORT Prepared by: Sylvia Bochner, Planning Intern Date: August 17, 2017 Applicant: Watts Group Construction 425 E. Oakdale Blvd. Coralville, IA 52241 319-665-9200 adam@wattsgroup.com Contact: Duane Musser 1917 S. Gilbert St. Iowa City, IA 52240 319-351-8282 d.musser@mmsconsultants.net Property Owner: Requested Action: Purpose: Location: Size: Existing Land Use and Zoning: Surrounding Land Use and Zoning: Comprehensive Plan: Neighborhood Open Space District: File Date: S&J Development, LLP 2231 E. 45th Street Davenport, IA 52807 319-936-6839 speerhere@mchsi.com Approval of preliminary plat Development of an 81- lot residential subdivision North of Rohret Road west of Lake Shore Drive 27.95 acres Undeveloped (Currently in the process of being rezoned from RR -1 and ID -RS to RS -5) North: Residential (OPD -5) South: Residential (County: R and AR) East: Residential (RS -5) West: Agricultural (County: A) Southwest District Plan—Single Family/duplex residential SW5 Hunters Run July 20, 2017 19-17 17 Mj5f 45 Day Limitation Period: September 3, 2017 BACKGROUND INFORMATION: The applicant, Watts Group Construction, is requesting approval of the preliminary plat of Country Club Estates Seventh and Eighth Additions, an 81 -lot, 27.95 -acre residential subdivision located north of Rohret Road west of Lake Shore Drive. The preliminary plat of Country Club Estates Fourth -Seventh Additions was approved in 2013, along with final plats of Country Club Estates Fourth, Fifth, and Sixth Additions. Preliminary plats expire after 24 months unless the applicant seeks an extension from City Council, so the preliminary plat for Country Club Estates Seventh Addition expired in 2015. At this time, the applicant is seeking approval for a new design for Country Club Estates Seventh Addition, along with the preliminary plat of Country Club Estates Eighth Addition. Most of the land in this subdivision (17.61 acres) was annexed into the city in 1994. Approximately 3 acres were annexed in 1972 as part of a larger annexation that was later developed into Southwest Estates and Country Club Estates. County Club Estates Parts 1-6 were subsequently subdivided and developed as single-family residential lots. A large portion of the subject area is currently in the process of being rezoned from Rural Residential (RR -1) and interim Development Single -Family Residential (ID -RS) to Low Density Single -Family Residential (RS -5). This preliminary plat is subject to City Council approval of this rezoning. The applicant has indicated that they have used the "Good Neighbor Policy". A Good Neighbor Meeting and Open House was held on May 25. ANALYSIS: Comprehensive Plan: The subject area is located within the Weber Subarea of the Southwest District Plan. The Southwest District Plan indicates that the undeveloped portion of the Country Club Estates property is suitable for low-density single-family residential development, with a density of 2-8 dwelling units per acre. With approximately 3 dwelling units per acre, Country Club Estates Seventh and Eighth Additions fall within the range of densities deemed suitable for this area. Zoning: The subject area is in the process of being rezoned to Low Density Single -Family Residential (RS -5), a zone which is primarily intended to provide housing for individual households. In this zone, the minimum lot size is 8,000 square feet. However, Section 14 -2A -7A of the zoning code provides a density bonus that reduces minimum lot size for dwellings whose vehicular access to garages and off-street parking is restricted to an alley or private rear lane. Under this provision, minimum lot size is reduced to 6,000 square feet with a minimum width of 50 feet. In this subdivision, the lots along Rohret Road are in compliance with this provision. All remaining lots in the subdivision comply with the regulations for single-family lots without alley access. Subdivision Regulations: According to the subdivision regulations, block faces along local and collector streets should be between 300 and 600 feet. Longer block faces may be allowed in cases of large lot commercial, industrial, or rural residential development, or where topography, water features, or existing development prevents shorter block lengths. In these cases, midblock pedestrian connections may be required. On arterial streets, the subdivision regulations state that blocks should be at least 600 feet. Most blocks within this subdivision meet these regulations. The block along the arterial street, Rohret Road, is approximately 1200 feet long. However, the block on the south side of Tumbleweed Terrace, a local residential street, is approximately 900 feet, longer than the maximum 600 feet. Because of this, a pedestrian connection is required between Tumbleweed Terrace and Rohret Road. The preliminary plat includes a 15 foot trail easement within a 50 to 59 foot wide outlot that connects Tumbleweed Terrace and Rohret Road and ends at the intersection with Yuma Drive. The remaining blocks in the subdivision are less than 600 feet and meet the subdivision regulations. This subdivision involves the creation of two new streets: Sedona Street, a looped local residential street that connects to Rohret Road, and Yuma Drive, a short local residential street that connects Sedona Street to Tumbleweed Terrace. Tumbleweed Terrace is an east -west local residential street that connects to Lake Shore Drive and will be extended from an earlier phase of Country Club Estates. Subdivision regulations require that local residential streets have a 60 foot right-of-way and a minimum 26 foot street width. All streets in this subdivision meet these regulations. The subdivision also includes a private residential alley behind the lots on Rohret Road. This alley will provide the only vehicular access to these lots. A residential alley has a minimum of a 20 -foot right-of-way and 16 -foot pavement width. This alley meets these requirements, with a proposed 40 -foot right-of-way and 20 -foot pavement width. Because the alley is an 1100 foot, unimpeded straight road, the preliminary plat includes traffic calming devices to prevent speeding and protect pedestrians. These include two speed tables and a raised crosswalk for the connecting pedestrian trail. The subdivision includes two outlots that provide access easements and open space, which will be deeded to the Country Club Estates Homeowners' Association. To prevent issues with double frontages for lots 72-81, Slothower Road should be vacated. This can be done if and when the land to the west is annexed. Infrastructure: Rohret Road is a rural cross section with chip seal surface and drainage ditches. When Irving Weber School was built, the City improved Rohret Road to a point approximately 500 feet west of Phoenix Drive. When Country Club Estates Part Three was developed, the developer extended the improvements of Rohret Road up to Lake Shore Drive. As a condition of rezoning the property, the applicant has agreed to improve Rohret Road to Sedona Street, the first intersection that provides access to the next phase of development. The applicant agrees to pay 50% of the cost of improving the street to the western city limits. The City and/or future private development to the south will be responsible for the other 50%. Until Rohret Road is fully improved, trash and recycling collection for the lots along Rohret Road must be done via the private rear alley. Because the City does not collect trash and recycling from private alleys, trash and recycling from these lots must be collected by a private hauler. The applicant has submitted a water pressure study demonstrating that water pressure is adequate to serve the proposed subdivision. Neighborhood Open Space: During a previous phase of Country Club Estates, approximately 4.7 acres were dedicated for parkland. This dedication was intended to provide open space for future phases of Country Club Estates, including the area in this subdivision. No additional open space fees will be required. Stormwater management: The previous phase of Country Club Estates was designed to manage stormwater for this development with a stormwater detention basin located north of the subject area. Sanitary Sewer Service: Sanitary sewer service is available to serve this property as a result of the lift station installed for earlier phases of Country Club Estates. Infrastructure fees: A water main extension fee of $435 per acre applies to this subdivision. Payment of this fee will need to be addressed in the legal papers at the time of final plat approval. STAFF RECOMMENDATION: Staff recommends that SUB17-00009, an application submitted by Watts Group Construction for a preliminary plat of Country Clubs Estates Seventh and Eighth Additions, an 81 -lot, 26.37 -acre residential subdivision located of Rohret Road west of Lake Shore Drive be approved ATTACHMENTS: 1. Location Map 2. Preliminary Plat Approved by: John Yapp, Development Services Coordinator Department of Neighborhood and Development Services ll plication submitted by Watts Group )nstruction for the approval of the minary plat for Country Club Estates, tenth Addition, 2 6.3 7 acres located •theast of the intersection of Rohret • 2 CITY OF IOWA CI PRELIMINARY PLAT COUNTRY CLUB ESTATES, M SEVENTH AND EIGHTH ADDITION L° IOWA CITY, IOWA M �.o,. ue, S 4 )ILLE —1 n. 1.7 mvim T r/ % �` na vavww.nn m '` w 5 0 01£C[HO 0 01E5 RF / a •� _ �! "' �°®p er PRELIWMRV PLAT xmmruueFsans, :VGTI0.NDEM#1111 )DfRON NH90N0 E or rows ,M .. /.4 IXf1LOT A < 4f t L 81 � � a xmmruueFsans, :VGTI0.NDEM#1111 )DfRON NH90N0 E or rows r Planning and Zoning Commission August 17, 2017—Formal Meeting Page 5 of 12 DEVELOPMENT ITEM (SUB17-00009): Discussion of an application submitted by Watts Group Construction for a preliminary plat of Country Club Estates Seventh and Eighth Additions, a 27.95 -acre, 81 -lot residential subdivision located north of Rohret Road and west of Lake Shore Drive. Bochner presented the Staff report and began by showing pictures of the subject property. This area is in the process of being rezoned from Rural Residential (RR -1) and Interim Development Single -Family Residential (ID -RS) to Low Density Single -Family Residential (RS -5). The applicant used the "Good Neighbor Policy". A Good Neighbor Meeting and Open House was held on May 25. The subject area is located within the Weber Subarea of the Southwest District Plan. The Southwest District Plan indicates that the undeveloped portion of the Country Club Estates property is suitable for low-density single-family residential development, with a density of 2-8 dwelling units per acre. This plan show approximately 3 dwelling units per acre, so it falls within the Plan's range. The subject area is in the process of being rezoned to Low Density Single -Family Residential (RS -5), a zone which is primarily intended to provide housing for individual households. In this zone, the minimum lot size is 8,000 square feet. However, Section 14 -2A -7A of the zoning code provides a density bonus that reduces minimum lot size for dwellings whose vehicular access to garages and off-street parking is restricted to an alley or private rear lane. Under this provision, minimum lot size is reduced to 6,000 square feet and in this subdivision, the lots along Rohret Road are in compliance with this provision. According to the subdivision regulations, block faces along local and collector streets should be between 300 and 600 feet and on arterial streets, the subdivision regulations state that blocks should be longer than 600 feet. All the streets in this proposed development met that requirement except for Sedona Street but because it is longer than recommended there is a pedestrian access trail. The two new streets created in this subdivision are Sedona Street and Yuma Drive. Tumbleweed Terrace will be extended into this subdivision from a prior development. All of these streets meet the subdivision regulations of having a 60 foot right-of- way and a minimum 26 foot street width. The subdivision also includes a private residential alley behind the lots on Rohret Road. Because the alley is an 1100 foot, unimpeded straight road, the preliminary plat includes traffic calming devices to prevent speeding and protect pedestrians. These include two speed tables and a raised crosswalk for the connecting pedestrian trail. The subdivision includes two outlets that provide access easements and open space, which will be deeded to the Country Club Estates Homeowners' Association. To prevent issues with double frontages for lots 72-81, Slothower Road should be vacated. This can be done if and when the land to the west is annexed. Bochner stated that in terms of the infrastructure Rohret Road is a rural cross section with chip seal surface and drainage ditches. When prior phases of this subdivision were built the developer improved Rohret Road up to Lakeshore Drive. As a condition of the rezoning of this area the developer agreed to improve Rohret Road up to Sedona Street. The applicant agrees to pay 50% of the cost of improving the street to the western city limits. The City and/or future private development to the south will be responsible for the other 50%. Until Rohret Road is fully improved, trash and recycling collection for the lots along Rohret Road must be done via the private rear alley. Because the City does not collect trash and recycling from private alleys, trash and recycling from these lots must be collected by a private hauler. Planning and Zoning Commission August 17, 2017 — Formal Meeting Page 6 of 12 In terms of open space during a previous phase of Country Club Estates, approximately 4.7 acres were dedicated for parkland. This dedication was intended to provide open space for future phases of Country Club Estates, including the area in this subdivision so no additional open space fees will be required. Bochner explained that stormwater management is also provided through a previous phase by a stormwater basin located north of the subject area. Sanitary sewer service is available to serve this property as a result of the lift station installed for earlier phases of Country Club Estates. The applicant has submitted a water pressure study demonstrating that water pressure is adequate to serve the proposed subdivision. Staff recommends that SUB17-00009, an application submitted by Watts Group Construction for a preliminary plat of Country Clubs Estates Seventh and Eighth Additions, an 81 -lot, 26.37 -acre residential subdivision located of Rohret Road west of Lake Shore Drive be approved. Hensch asked why Yuma Drive was just continued rather than putting in the pedestrian walkway. Miklo said Staff did consider that at the concept plan phase but after discussions with the developers it was decided to allow the pedestrian walkway rather than a street connection. Hensch asked if Tumbleweed Terrace connects to Slothower Road. Miklo said it does but that section of Slothower Road has been abandoned by the County so it is not possible to drive on it. Dyer asked if Sedona Street opens onto Rohret Road. Bochner replied that yes, Sedona Street opens in two different places, one closer to Lake Shore Drive and then again further west closer to Slothower Road. Dyer asked then why is Rohret Road not being improved to the western intersection wiht Sedona Street. Parson noted that discussion was had when the rezoning was discussed and had to do with the conditions on the south side of the road. Miklo added that the Commission has made a recommendation to the City Council that when they do the Capital Improvements Plan they include the remainder of Rohret Road. Hensch mentioned the correspondence the Commission received concerning possible drainage onto a neighboring property and asked if there was a grading plan that accompanies this item. Miklo noted that there is a grading plan and he has also passed the neighbors letter of concern onto the City Engineer. Miklo also stated by looking at the plans, the drainage should go the other direction and not affect the neighbor's lot. Hensch opened the public discussion. Ron Amelon (MMS Consultants) is representing the developer. As far as the concerns about the drainage the back lot line is the low area and the back yards of lots 4 & 5 will drain towards that back lot line but won't actually drain onto the other property. There will be a swale there to collect the water before it gets onto the neighboring lots and then direct that water down to the detention basin. Signs asked when there is a neighbor or citizen that expresses a concern, does someone reach out to them to explain the solution. Amelon said they typically do, especially if they approach them, he is happy to meet with them and show them the designs. Planning and Zoning Commission August 17, 2017 — Formal Meeting Page 7 of 12 David Tokuhisa (3305 Rohret Road SW) lives on the south side of Rohret Road and has a couple of concerns. On May 25 at the Good Neighbor Meeting the representative for the developer stated they would have Rohret Road resurveyed so that any further extension of Rohret Road would be to the north of the center line, they wouldn't be taking any more right-of- way. His question is if that has been decided and become locked into black and white print or was it just used to placate homeowners. He recalls it was briefly mentioned during the rezoning meeting but doesn't know if anything came of it. He also has concerns about the higher density housing along Rohret Road where on the other side are very large lots and houses. That will be quite a contrast. Tokuhisa thought it was the desire of the City to have those situations not happen and he suggests those smaller lots be moved to the west along Slothower Road and the larger lots placed along Rohret Road. Therefore his two recommendations are that the current development plan be modified to ensure that the road is going to be developed further north and also so that the smaller lots be moved away from the very large lots across the road. Miklo stated that the subdivision has been designed to shift Rohret Road to the north when it is rebuilt so that no additional right-of-way will -be needed from the properties to the south. Miklo confirmed that is reflected on the preliminary plat. Miklo added that one benefit of having the smaller lots with the alley access on Rohret Road is Rohret Road is considered an arterial street and this will minimize the driveways onto the street. Hensch asked if there would be parking allowed on Rohret Road and Miklo said there is no parking allowed. Brenda Scott (1783 Lake Shore Drive) asked about the other three lots and if they would have similar drainage away from their houses (lots 1, 2 &3). She also is concerned about the walkway and not having a solid walkway for the 41 — 32 area as she is guessing that walkway is going to be a great cut through for kids since they are only a few blocks from Weber School and if there is not a good sidewalk between that area all the school that is a danger as people speed fast down that section of Rohret Road. Scott also mentioned that she didn't understand what vacating Slothower means between the area of 72 & 81 because at the Good Neighbor Meeting there was a request for Slothower to be connected to Melrose Avenue and if it's vacated does that mean it is shut down forever. Hensch said that currently Slothower Road is a level B road which is in the County system but it is at a much lower maintenance level (maybe grading once a year with no snow removal in winter time). Miklo added that the intent is that the connection to Melrose will occur on the northern part of Slothower Road and it is the southern part that has been abandoned. Miklo said there are streets in early phases of Country Club Estates that are intended to connect to Slothower Road and be the path to Melrose Avenue. Scott stated her concern with that is what happen at Shannon Drive, a lot of cut -through traffic in the neighborhoods where there are a lot of kids out walking around. It would be better to have the through traffic go on the back of the property where there are less kids walking around. Scott also asked if it was outlots A & C that will be deeded to the HOA. Bochner confirmed that was correct. Miklo stated regarding the sidewalk, although the street (Rohret Road) will not be improved, there will be a sidewalk put in place for all lots along Rohret Road. Planning and Zoning Commission August 17, 2017 — Formal Meeting Page 8 of 12 John Niemever (1405 Lake Shore Drive) was unable to attend the Good Neighbors Meeting and has a couple questions for clarification. Nothing has been said about the timetable for moving this project forward and is there any generalization that can be made with respect to that. Miklo responded that in terms of City approvals, if all moves forward and the final plat is approved yet this fall it would then be a question to the developer when they would want to start construction. Niemeyer asked if it was the Watts Group that is developer in question. Miklo said he believes Watts Group is in the process of purchasing the land, but at the time the application was submitted the land was still owned by S&J Development. Niemeyer stated that reference was made to 4.7 acres of open space and he is unclear where that space is. Bochner confirmed that land has been dedicated to be a park that will be built in the future and she showed the area on the map, near Wildcat Lane and Slothower Road. Niemeyer asked if that open area would not be accessible from the tract currently under consideration. Bochner said not directly, but once the streets are built it will be accessible to the neighborhood. Miklo noted that the 4 acres is intended to serve all of Country Club Estates. Niemeyer questioned the pedestrian path, what it is for and where it starts, where it ends, and who will use it. Bochner showed on the map that the pedestrian path begins on Rohret Road and goes through to Tumbleweed Terrace, it is an extension of Yuma Drive as pedestrian access. Niemeyer asked if then students perhaps walking westbound along Rohret Road would approach the pedestrian walkway and reach their homes that way. Bochner acknowledged that is a possibility. Kolleen Shields (3335 Rohret Road SW) stated she has similar concerns to her neighbors that are also on the south side of Rohret Road. The characteristics of their lots, which are 2-4 acres in size and that the area on the north side was zoned Rural Residential for 1 acre lots or greater when they bought their properties 30 years ago and now they will be looking at this higher density housing. It is so uncharacteristic with what they consider their neighborhood. She is also concerned about how much of the development that can occur before the road actually gets finalized down where their home is located. Can those lots be developed without Rohret Road being finalized? Right now one cannot walk on Rohret Road so that pedestrian path has no purpose leading to Rohret Road. Miklo noted that the subdivision has been designed to include an 8 foot sidewalk along Rohret Road and the grading for these lots will need to accommodate that. When Rohret Road is improved in the future those sidewalks may need to be rebuilt but once houses are built here there has to be a sidewalk. Brenda Scott (1783 Lake Shore Drive) asked based on the talk about grading to the north, does that mean any existing homes (such as hers on the corner of Rohret Road and Lake Shore Drive) may have extra land taken from them to allow for the grading to the north. Miklo replied that no current home lots will be affected, the shift occurs after the entrance to Lake Shore Drive. Ron Amelon (MMS Consultants) said that as far as the drainage on lots 1, 2 & 3 when the previous phase was graded the back lot line was designed to be the low point through there such that it would pick up water on both sides. The runoff from those three lots would not actually go onto the other lots, it would stay on the back lot line and keep the water there and send it up to Tumbleweed Terrace and collect it in the City storm sewer system. Planning and Zoning Commission August 17, 2017 — Formal Meeting Page 9 of 12 With regards to the construction schedule, Amelon said the developer would like to get started grading this fall and depending on the weather and when approvals are granted there is a possibility they may get streets paved yet this year, but if not then in the spring. Hensch closed the public discussion. Parsons moved to recommend the Commission approve SUB17-00009, an application submitted by Watts Group Construction for a preliminary plat of Country Clubs Estates Seventh and Eighth Additions, an 81 -lot, 27.95 -acre residential subdivision located of Rohret Road west of Lake Shore Drive. Theobald seconded the motion. Hensch asked how wide the pedestrian walkway will be and what the surface of the walkway will be. Miklo said it will be five -feet wide and concrete similar to other sidewalks in the subdivision. The sidewalk along Rohret Road will be eight -feet wide and also concrete. Dyer asked if the houses along Rohret Road face Rohret Road. Miklo confirmed they do. A vote was taken and the motion passed 6-0. DEVELOPMENT ITEM (SUB17-00012): Discussion of an application submitted by Linda Lovik for a preliminary plat of Lovik First Addition, an 11 -acre, Not residential subdivision located at 4665 Herbert Hoover Highway SE. Miklo stated that this property was recently rezoned from County Commercial to County Residential. The City recommended that the County approve the rezoning subject to a Conditional Zoning Agreement (CZA) requiring City approval of any development of the property and the owner consenting to annexation of all parts of this property upon the annexation of any adjacent property. This property is in the City's growth area and they do anticipate it will be annexed. The current owner has already agreed to be annexed whenever an adjacent property annexes. The City is comfortable with that agreement because it will make sure this does not prevent another property from being annexed. The intent is to subdivide the property into a lot with the existing house, create a second lot that could be sold and both properties would have access from the current driveway through a temporary easement. It is anticipated in the long term Grindstone Lane which is being built currently in Churchill Meadows will continue to the west and likely go through this property and that would provide long-term access to the second lot. There would also be an access and utility easement across Lot 2 to provide for a future connection of Lot 1 to Grindstone Drive so that Lot 1 would not have driveway access onto Herbert Hoover Highway. The remainder of the property will be an outlot that can only be developed on annexation to the City under the Conditional Zoning Agreement. Upon replatting of Outlet A, a street system must be established, thereby eliminating the need for this access easement and giving Lots 1 and 2 access to the new street. Lot 1 is currently served by a private water well and a septic system and the proposal is to use that common well and septic system for the additional lot. Upon annexation these properties would hook into the City's systems upon the owner's expense. Anjana Aggarwal, MD 1653 Lake Shore Dr Iowa City, IA -52246 August 17, 2017 To, Planning and Zoning Commission and City Council 410 East Washington Street Iowa City, IA 52240 RE: WATTS GROUP CONSTRCUTION APPLICATION FOR COUNTRY CLUB ESTATES SEVENTH AND EIGHT ADDITIONS Dear Sir/Madam 1 reside on 1653 Lake Shore Dr. The proposed application by Watts group will adjoin my backyard with lots 4,5,6,7 potentially in the preliminary plat that was mailed to me by the city. I wish to put forth my concern about how the drainage of water will be addressed by the city council and planning commission with this regard. I am concerned that if not drained properly my basement will get flooded as I am on a flatter lot that is lower than the adjoining homes to me and the area in question to be developed. I have been disappointed by the contractors, subcontractors, realtors and builders in my neighborhood in past when I have approached them with issues while they build around my home. It seems that the home owner has very few rights to protect ourselves in Iowa City from infringes by these people. I would like to know if the Watts group will take responsibility in writing for protection of the home owners adjacent to their construction with regards to storm water drainage into our basements and lots. They should also be responsible for any lawn damage that can occur while they are under construction from silting and shifting of debris etc. I request the city council to provide for protection of the homes and home owners already standing adjacent to the proposed development by Watts Group. Thankyou Anjana Aggarwal MD 'J4 77 " h'. - 78 fd 79 r`" 80 ' ar amore 'J4 77 " h'. - 78 fd 79 80 'J4 UU� dmOT�A� �'II .94 � i PRELIMINARY PLAT COUNTRY CLUB ESTATES, SEVENTH AND EIGHTH ADDITION IOWA CITY, IOWA SAJ- LLP zs�e� 9r � I T mvs.�mv ODS ZOO 7��acma 0 Prepared by: Susan Dulek, Assistant City Attorney, 410 E. Washington St., Iowa City, IA 52240 (319) 356-5030 RESOLUTION NO. 17-306 Resolution authorizing conveyance of Lot 2 in the Industrial Park to Alexander Lumber, Inc. Whereas, the 4201h Street Industrial Park is a 173 -acre shovel ready parcel for industrial use, which the City has been marketing since acquisition in 2008; Whereas, City staff has negotiated a purchase agreement, contingent on City Council approval, for the sale of Lot 2 (approximately 11.2 acres) to Alexander Lumber, Inc. for $589,495; and Whereas, following the public hearing on the proposed conveyance, the City Council finds that the conveyance is in the public interest. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that: 1. The purchase agreement with Alexander Lumber, Inc. is approved, and upon the direction of the City Attorney, the Mayor and the City Clerk are authorized to execute a warranty deed conveying the City's interest in Lot 2 of the Industrial Park. 2. The City Attorney is hereby authorized to deliver said warranty deed and to carry out any actions necessary to consummate the conveyance required by law. Passed and approved this 19th day of September 2017. M OR ATTEST: CI CLERK Approved by S''& --C) S -1-t City Attorney's Office Resolution No. 17-306 Page 2 It was moved by Botchway and seconded by Resolution be adopted, and upon roll call there were: AYES: NAYS: x x ABSENT: ABSTAIN: Dickens Botchway Cole Dickens Mims Taylor Thomas Throgmorton the -7. Prepared by: Ben Clark, Public Works, 410 E. Washington St., Iowa City, IA 52240, (319) 356-5436 Resolution No. 17-307 Resolution approving plans, specifications, form of agreement, and estimate of cost for the construction of the City of Iowa City Belt Filter Press Replacement Project, establishing amount of bid security to accompany each bid, directing City Clerk to post notice to bidders, and fixing time and place for receipt of bids. Whereas, notice of public hearing on the plans, specifications, form of contract and estimate of cost for the above-named project was published as required by law, and the hearing thereon held; and Whereas, the City Engineer or designee intends to post notice of the project on the website owned and maintained by the City of Iowa City; and Whereas, funds for this project are available in the Sludge Biosolid Dewatering Equipment Replacement account # V3141. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa that: 1. The plans, specifications, form of contract and estimate of cost for the above-named project are hereby approved. 2. The amount of bid security to accompany each bid for the construction of the above- named project shall be in the amount of 5% (five percent) of bid payable to Treasurer, City of Iowa City, Iowa. 3. The City Clerk is hereby authorized and directed to post notice as required in Section 26.3, not less than 13 days and not more than 45 days before the date of the bid letting, which may be satisfied by timely posting notice on the Construction Update Network, operated by the Master Builder of Iowa, and the Iowa League of Cities website. 4. Sealed bids for the above-named project are to be received by the City of Iowa City, Iowa, at the Office of the City Clerk, at the City Hall, before 2:30 p.m. on the 10t day of October, 2017. At that time, the bids will be opened by the City Engineer or his designee, and thereupon referred to the City Council of the City of Iowa City, Iowa, for action upon said bids at its next regular meeting, to be held at the Emma J. Harvat Hall, City Hall, Iowa City, Iowa, at 7:00 p.m. on the 17th day of October, 2017, or at a special meeting called for that purpose. Passed and approved this 19th day of September 12017 Ma or ' Approved by Atte Clerk ity Attorney's Office Resolution No. 17-307 Page 2 It was moved by aotchway and seconded by Dickens the Resolution be adopted, and upon roll call there were: Ayes: Nays: Absent: % Botchway x Cole x Dickens x Mims x Taylor % Thomas x Throgmorton W__4 L. Prepared by Wendy Ford, Econ. Dev. Coordinator, 410 E Washington St Iowa City IA 52240 356-5248 Resolution No. 17-308 Resolution approving an agreement for private redevelopment by and between the City of Iowa City, Iowa, and Hieronymi Partnership, L.L.P., Hieronymus Square Developers, L.L.C., Iowa City ES Hotel, L.L.C., and HS314, L.L.C. Whereas, Hieronymus Square Developers, L.L.0 submitted a redevelopment proposal for a mixed use complex, consisting of a 7 -story mixed-use building comprised of 45 residential units, Class A office space and retail space, and a 7 -story extended -stay hotel with 91 rooms, hotel amenities including an outdoor terrace, an indoor swimming pool and a fitness room (hereinafter the "Project") and; Whereas, this property is located within the City -University Project 1 Urban Renewal Area and is subject to the City -University Project 1 Urban Renewal Plan, as amended by City Council on May 2, 2017 (resolution 17-156)(" Plan"); and Whereas, the Project for the redevelopment is consistent with the goals set forth in the City - University Project 1 Urban Renewal Plan, as amended; and Whereas, the Economic Development Committee considered said application and voted to recommend approval to the City Council at its meeting on July 21, 2017, and; Whereas, City Staff has reviewed the application and proposed Developer's Agreement and recommends approval to the City Council; and Whereas, in exchange for grant funds not to exceed $8,000,000, the owner and developers have agreed to complete minimum improvements consisting of at least $40,753,776 in project costs; and Whereas, it is the determination of this City Council that acceptance of the proposal of the Developer and approval of the Agreement for Private Redevelopment is in the public interest of the residents of the City and is consistent with the purposes and objectives of the Plan. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY IOWA THAT 1. That the attached Agreement for Private Development by and between the City of Iowa City Iowa and Hieronymi Partnership, L.L.P., Hieronymus Square Developers, L.L.C., Iowa City ES Hotel, L.L.C., And HS314, L.L.C. is In the public interest of the residents of Iowa City. 2. That said Agreement is consistent with and authorized by the Urban Renewal Plan and all applicable State and federal laws including, but not limited to, Iowa Code Chapters 15A and 403; and 3. That the Mayor is authorized and directed to execute the Agreement and the City Clerk is authorized and directed to attest his signature and to affix the seal of the City Clerk Resolution No. 17-308 Page 2 4. That the Mayor and City Clerk be and are hereby authorized and directed to take all such actions and do all such things as they shall determine to be necessary or appropriate to ensure the City's performance as provided therein. 5. That the City Manager is hereby authorized to administer the terms of the Agreement for Private Development. Passed and approved this 1 9th day of September , 2017. M YOR ATTEST: 2 CITY CLERK Approved by City Attorney's Office / 9/�31�7 Resolution No. 17-308 Page 3 It was moved by Mims and seconded by Bot Resolution be adopted, and upon roll call there were: AYES: NAYS x ABSENT: ABSTAIN: Botchway Cole Dickens Mims Taylor Thomas Throgmorton the AGREEMENT FOR PRIVATE DEVELOPMENT By and Among THE CITY OF IOWA CITY, IOWA, HIERONYMI PARTNERSHIP, L.L.P., HIERONYMUS SQUARE DEVELOPERS, L.L.C., IOWA CITY ES HOTEL, L.L.C. and HS314, L.L.C. September 19, 2017 Exhibit A — Development Property Legal Description Exhibit B — Minimum Improvements and Uses Exhibit C — Certificate of Completion Exhibit D — Memorandum of Agreement for Private Redevelopment Exhibit E —Opinion of Counsel Exhibit F — Minimum Assessment Agreement Exhibit G — Temporary Construction Easement Exhibit H — Concept Plan Exhibit I — Temporary Use of Right -of -Way Agreement Exhibit J — Sample Deed Restriction Exhibit K — Wage Theft Affidavit Exhibit L — Iowa City Riverfront Crossing Affordable Housing Requirement Administrative Rules 2 THIS AGREEMENT FOR PRIVATE DEVELOPMENT (hereinafter called "Agreement" or "Development Agreement"), is made on or as of the 19'M day of September, 2017, 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 Chapters 15A and 403 of the Code of Iowa, 2017, as amended (hereinafter called "Urban Renewal Act"); HIERONYMI PARTNERSHIP, L.L.P., an Iowa limited liability partnership (hereinafter "Owner"); HIERONYMUS SQUARE DEVELOPERS, L.L.C., an Iowa limited liability company, IOWA CITY ES HOTEL, L.L.C., an Iowa limited liability company, and HS314, L.L.C., an Iowa limited liability company (hereinafter collectively "Developers"). Owner and Developers all have an address at 711 South Gilbert Street, Iowa City, Iowa 52240. WITNESSETH: WHEREAS, in furtherance of the objectives of the Urban Renewal Act, the City has undertaken a program for the clearance and reconstruction or rehabilitation 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 City -University Project I ("Urban Renewal Area" or "Area"), which area is described in the City -University Project I Plan ("Plan") approved for such area by Resolution No. 2157 on October 2, 1969, and which Plan has been amended from time to time; and WHEREAS, a copy of the foregoing Urban Renewal Plan, as amended, has been recorded among the land records in the office of the Recorder of Johnson County, Iowa; and WHEREAS, the Owner owns certain property in the City ("Development Property") upon which it desires, in partnership with Developers, to construct improvements in the form of a hotel and a mixed commercial/Class A office/residential multi -story building, and agrees that such improvements be operated in accordance with this Agreement; and WHEREAS, the City believes that the development of the real property, located in the foregoing Urban Renewal Area referred to as the Development Property and as described in Exhibit A attached hereto and made a part hereof, 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 Chapters 15A and 403, and other 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.I. 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: Apreement means this Agreement and all exhibits and appendices hereto, as the same may be from time to time modified, amended or supplemented. Assessor's Minimum Actual Value means the agreed minimum actual value after taking into consideration any factors such as "roll backs" which would reduce the taxable value of the Minimum Improvements and the Development Property for calculation and assessment of real property taxes, as set forth in the Minimum Assessment Agreement and Section 5.7. 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 Owner and Developers pursuant to Section 4.4 of this Agreement. City means the City of Iowa City, Iowa, or any successor to its functions. City -University Proiect I Tax Increment Revenue Fund means the special fund of the City created under the authority of Section 403.19(2) of the Code, as amended, 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 Urban Renewal Area. Code means the Code of Iowa, 2017, as amended. Construction Plans means the plans, specifications, drawings and related documents reflecting the construction work to be performed by Owner and Developers on the Development Property with respect to the construction of the Minimum Improvements; 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. Commencement Date means the date of this Agreement. County means the County of Johnson, Iowa. Developers means HIERONYMUS SQUARE DEVELOPERS, L.L.C., an Iowa limited liability company, IOWA CITY ES HOTEL, L.L.C., and Iowa limited liability company, and HS314, L.L.C., an Iowa limited liability company, all having offices at 711 South Gilbert Street, Iowa City, Iowa 52240. Development Property means the property described in Exhibit A. Economic Development Grants are as described in Article VIII. Event of Default means any of the events described in Section 10.1 of this Agreement. 0 Mortgage means any Mortgage granted to secure any loan made pursuant to either a mortgage commitment obtained by Owner and Developers 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. Hieronymus Square TIF Account means a separate account within the City -University Project I Urban Renewal Tax Increment Revenue Fund of the City in which there shall be deposited Tax Increments received by the City with respect to the Minimum Improvements. Minimum Improvements means the construction of a hotel, and a mixed commercial/Class A Office/residential multi -story building as fully detailed in Exhibit B, attached and incorporated herein by this reference. Mortgage means any mortgage or security agreement in which Owner and Developers has granted a mortgage or other security interest in the Development Property, or any portion or parcel thereof, or any improvements constructed thereon. Net Proceeds means any proceeds paid by an insurer to Owner and Developers under a policy or policies of insurance required to be provided and maintained by Owner and Developers, 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. Ordinance means Ordinance No. 01-3991 of the City, passed on December 11, 2001, under which the taxes levied on the taxable property in the Area shall be divided and a portion paid into the City -University Project I Tax Increment Revenue Fund. Proiect means 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 on the Development Property, divided and made available to the City for deposit in the Hieronymus Square TIF Account of the City -University Project I Tax Increment Revenue Fund under the provisions of Section 403.19 of the Code, as amended, and the Ordinance. The base value for the Tax Increments shall be January 1 of the year preceding the effective date of the Ordinance. Termination Date means the date of termination of this Agreement, as established in Section 12.11 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, litigation commenced by third parties, or the acts of any federal, state or local governments] unit (other than the City with respect to the City's obligations). Urban Renewal Plan means the Urban Renewal Plan approved in respect of the City - University Project I Urban Renewal Area, described in the preambles hereof. ARTICLE II. CONSTRUCTION AND USES. Section 2.1 Minimum Improvements. (a) The Owner and Developers' construction on the Development Property will consist of a mixed-use retail/Class A office/ residential structure and a hotel as described more fully on Exhibit B ("Minimum Improvements"). The Redeveloper hereby commits to a project that includes a minimum total of $40,753,776 in development costs, including construction costs, architectural fees, land costs, parking, opening costs, developer overhead, and financing costs. Owner and Developers agree that they will cause the Minimum Improvements to be constructed on the Development Property in substantial conformance with the Construction Plans approved by the City. Owner and Developers agree that the scope and scale of the Minimum Improvements to be constructed shall not be significantly less than the scope and scale of the Minimum Improvements as detailed in the Construction Plans. The parties hereto acknowledge that through the design process, the final number of residential dwelling units, the mix thereof, and the final number of hotel units may deviate slightly from the current plans. The City Manager may approve such minor deviations upon determining that they do not constitute significant changes to the scope or scale of the Minimum Improvements. The design of the Minimum Improvements must be approved by the Form -based Code Committee for conformance with the Riverfront Crossings development standards, as set forth in Iowa City Code of Ordinances 14-2G. (b) In the event that Owner and Developers desire to stage construction on any City - owned property, including right-of-way, the Court Street Transportation Center, or the undeveloped portion of land north of the Court Street Transportation Center, Owner and Developers shall first obtain from the City a temporary construction easement in a form substantially similar to the Temporary Construction Easement Agreement attached hereto as Exhibit J and incorporated herein by this reference. (c) There will be a pedestrian access route to the City -owned Court Street Transportation Center. Vehicular access routes to the City -owned Court Street Transportation Center are also contemplated. In the event that the final construction drawings approved by the City pursuant to Article II herein show pedestrian or vehicular access routes to the Development Property through the Court Street Transportation Center, Owner and Developers must purchase an access easement for such uses(s), the cost of said property rights shall be calculated based upon the following formula: $200/square foot times the number of square feet in the easement area X 10 percent. Owner and Developers' purchase of said easement rights shall be a contingency of the foundation permit for construction of the Minimum Improvements on the Development Property and must be satisfied prior to issuance thereof. (d) In the event that the final Construction Plans approved by the City pursuant to Article II.herein show awnings or other intrusions into the right-of-way, Owner and Developers shall obtain from the City, at no cost, a temporary use of right-of-way agreement for such temporary use. The agreement for said easement rights shall take a form substantially similar to the Temporary Use of Right -of -Way Agreement, attached hereto as Exhibit E and incorporated herein by this reference. Said Agreement shall be entered into before a building permit is issued for any work in the proposed easement area. Section 2.2 Affordable Housing Occupancy. Owner and Developers acknowledge the City's requirement to provide affordable housing pursuant to Iowa City Code of Ordinances 14-2G-8, and that because Owner and Developers are receiving tax increment financing, they are obligated pursuant to the Iowa City Council Economic Development policy to lease or sell 15% of the total residential units to income - qualified residents, as defined in said ordinance, and administered according to Iowa City Code of Ordinances 14-2G-8 and the adopted Administrative Rules set forth in Exhibit L hereto, except as specifically set forth herein. Based upon an assumption that there will be 45 total dwelling units in the Project, Owner and Developers hereby agree to lease or sell seven (7) residential dwelling units to income - eligible households in accordance with the limitations set forth herein. A minimum of two (2) units shall be provided within the Mixed Use building described herein. These two units shall be comprised of one 1 -bedroom unit and one 2 -bedroom unit, These two units shall be administered as on-site Owner -Occupied or Affordable Rental Housing, as that term is defined in 14-2G-8. Owner and Developers understand and acknowledge that notwithstanding the possible sale of the two on-site units as Owner -Occupied Affordable Housing, they shall remain responsible for the continued observance of and compliance with the affordability requirements during the entire term of affordability provided herein. Owner and Developers may father satisfy this affordable housing occupancy obligation through the provision of additional on-site affordable rental or owner -occupied units or through the payment of a fee in lieu thereof in an amount established by resolution of the City Council (currently $80,872 per unit). This determination shall be made and any fee in -lieu paid prior to issuance of any building permit for construction of the Minimum Improvements. Owner and Developers acknowledge that all affordable housing units shall be constructed and pass final inspection contemporaneously with the market rate units, regardless of whether they are on-site or off-site. In the event that the final total number of dwelling units changes through the design review and construction plan review process detailed herein, the final number of affordable housing units required may change. Income documentation must be maintained by the Developer for the most recent three years and presented to the City upon its request. Said On-site Affordable Housing Units shall be affordable in accordance with the terms hereof for a period of twenty (20) years from the date an occupancy permit is issued for the Project ("term of affordability") and it is intended and agreed that the requirements of this 7 section with respect to the Affordable Housing Units shall run with the land. The Developer agrees for itself, its successors and assigns that each deed or other conveyance of the Affordable Housing Units shall contain the use restrictions set forth herein and as required by Code Section 14-2G-8. A deed restriction running in favor of the City and in a form substantially similar to that shown in Exhibit J attached hereto shall be recorded and restated on any deed transferring title during the term of affordability to those unit or units designed as affordable housing in satisfaction of this obligation. It is intended and agreed that the City and its successors shall be deemed beneficiaries of these use restrictions, both for and in its own right and also for the purposes of protecting the interests of the community and other parties, public or private, in whose favor or for whose benefit such use restrictions have been provided. The City shall have the right in the event of any breach of any affordable housing use restriction during the applicable 20 year period to exercise all the rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breach of affordable housing use restrictions, to which it or any other beneficiaries of such affordable housing use restrictions may be entitled, and shall be entitled to recover, in addition to its court costs, a reasonable attorney's fee to be fixed by the court, and such recovery shall include court costs and attorney's fees on appeal, if any. Further, the City shall hold all right and authority to agree to or provide any amendment, modification, waiver, termination or release of the affordable housing use restriction on behalf of itself and other parties, public or private, which are beneficiaries thereof (other than Developer, its successors and assigns). Said affordable housing use restriction shall survive the termination of this Agreement. Section 2.3. Construction Plans. Owner and Developers shall cause Construction Plans to be provided to the City for the Minimum Improvements, which shall be subject to approval by the City as provided in this Section 3.2. The Construction Plans shall be in conformity with the Urban Renewal Plan, this Agreement, and all applicable federal, state and local laws and regulations. The City shall approve the Construction Plans in writing if: (i) the Construction Plans conform to the terms and conditions of this Agreement; (ii) the Construction Plans conform to the terms and conditions of the Urban Renewal Plan; (iii) the Construction Plans conform to all applicable federal, State and local laws, ordinances, rules and regulations, and City permit requirements; (iv) the Construction Plans are adequate for purposes of this Agreement to provide for the construction of the Minimum Improvements; and (v) no Event of Default under the terms of this Agreement has occurred; provided, however, that any such approval of the Construction Plans pursuant to this Section 3.2 shall constitute approval for the purposes of this Agreement only and shall not be deemed to constitute approval or waiver by the City with respect to any building, fire, zoning or other ordinances or regulations of the City, and shall not be deemed to be sufficient plans to serve as the basis for the issuance of a building permit if the Construction Plans are not as detailed or complete as the plans otherwise required for the issuance of a building permit. Approval of the Construction Plans by the City shall not relieve any obligation to comply with the terms and provisions of this Agreement, or the provision of applicable federal, State and local laws, ordinances and regulations, nor shall approval of the Construction Plans by the City be deemed to constitute a waiver of any Event of Default. Approval of Construction Plans hereunder is solely for purposes of this Agreement, and shall not constitute approval for any other City purpose nor subject the City to any liability for the Minimum Improvements as constructed. Section 2.4. Commencement and Completion of Construction. Subject to Unavoidable Delays, Owner and Developers shall cause construction of the Minimum Improvements to be undertaken and completed no later than December 31, 2019. Time lost as a result of Unavoidable Delays shall be added to extend this date by a number of days equal to the number of days lost as a result of Unavoidable Delays. All work with respect to the Minimum Improvements to be constructed or provided by Owner and Developers shall be in substantial conformity with the Construction Plans approved by the building official or any amendments thereto as may be approved by the building official. Owner and Developers agree that they shall permit designated representatives of the City, upon reasonable notice (which does not have to be written), to enter upon the Development Property during the construction of the Minimum Improvements to inspect such construction and the progress thereof. Section 2.5. Certificate of Completion. Upon written request of Owner and Developers after issuance of an occupancy permit for the Minimum Improvements, the City will furnish Owner and Developers with a Certificate of Completion for the Minimum Improvements 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 Owner and Developers to construct the Minimum Improvements. The Certificate of Completion may be recorded in the proper office for the recordation of deeds and other instruments pertaining to the Development Property at Owner and Developers' sole expense. If the City shall refuse or fail to provide a Certificate of Completion in accordance with the provisions of this Section 2.5, the City shall, within twenty (20) days after written request by Owner and Developers, provide Owner and Developers with a written statement indicating in adequate detail in what respects Owner and Developers have failed to complete the Minimum Improvements in accordance with the provisions of this Agreement, or are otherwise in default under the terms of this Agreement, and what measures or acts are necessary, in the opinion of the City, for Owner and Developers to take or perform in order to obtain such Certificate of Completion. ARTICLE III. REPRESENTATIONS AND WARRANTIES. Section 3.1. 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, nor will 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 3.2. Representations and Warranties of Owner and Developers. The Owner and Developers make the following representations and warranties: (a) Owner and Developers are companies duly organized and validly existing under the laws of the State of Iowa that have all requisite power and authority to develop and construct the Project, to carry on their businesses as now conducted and as presently proposed to be conducted, and to enter into and perform their obligations under this Agreement. (b) This Agreement has been duly and validly authorized, executed and delivered by the Owner and Developers 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 Owner and Developers 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. Owner and Developers shall provide an Opinion of Counsel in the form attached as Exhibit E, to be signed concurrently with this Agreement and at other times requested by the City. (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, nor will not result in a violation or breach of, the terms, conditions or provisions of the articles of incorporation, bylaws, or any applicable governing document of Owner or Developers, or of any contractual restriction, evidence of indebtedness, agreement or instrument of whatever nature to which the Owner or Developers are now a party or by which they or their 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 Owner or Developers 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 Owner or Developers or which in any manner raises any questions affecting the validity of the Agreement or the Owner or Developers' ability to perform their obligations under this Agreement. (e) Neither Owner nor Developers have received any notice from any local, state or federal official that the activities of Owner or Developers with respect to the Development Property may or will be in violation of any environmental law or regulation (other than some on - 10 site environmental contamination which the Owner and Developer are working with Braun Intertec to address and remediate or such other notices, if any, of which the City has previously been notified in writing). Neither Owner nor Developers are 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 neither Owner nor Developers are 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. (f) Owner and Developers will cause the Minimum Improvements to be constructed in substantial accordance with the terms of this Agreement, the Urban Renewal Plan and all local, state and federal laws and regulations. (g) Owner and Developers will use their 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 before the Minimum Improvements may be lawfully constructed. (h) Owner and Developers have firm commitments for permanent financing for the Project in an amount sufficient, together with equity commitments, to successfully complete the Minimum Improvements in substantial accordance with the Construction Plans contemplated in this Agreement. (i) Owner and Developers will cooperate fully 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. Owner and Developers shall submit a written construction management plan to the Director of Public Works for approval. Owner and Developers will coordinate staging for construction of the Minimum Improvements with the Public Works Director. Owner and Developers shall obtain from the City any necessary temporary construction easements in accordance with Section 2.1 herein. 0) Owner and Developers expect that, barring Unavoidable Delays, the Minimum Improvements and Uses outlined in Exhibit B will be completed by December 31, 2019. (k) Owner and Developers would not undertake their obligations under this Agreement without the Economic Development Grants contemplated by Section 8.1 hereof (the "Economic Development Grants") to Owner and Developers pursuant to this Agreement. (1) Neither Owner, nor Developers, nor any person or entity with an ownership interest of more than 25% of Owner or Developers have been adjudicated guilty or liable in any judicial or administrative proceeding of committing a repeated or willful violation of the Iowa Wage Payment Collection law, the Iowa Minimum Wage Act, the Federal Fair Labor Standards Act or any comparable state statute or local ordinance, which governs the payment of wages in the last 5 years. 11 ARTICLE IV. INSURANCE. Section 4.1. Insurance Requirements (a) Upon completion of construction of the Minimum Improvements and at all rimes prior to the Termination Date, Owner and Developers shall maintain, or cause to be maintained, at their cost and expense (and from time to time at the request of the City shall fiumish proof of the payment of premiums on) insurance as follows: (i) Insurance against loss and/or damage to the Minimum hnprovements under a policy or policies covering such risks as are ordinarily insured against by similar businesses, including (without limitation, 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 $50,000. 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 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 Owner and Developers and approved by the City; and (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. (iii) Such other insurance, including worker's compensation insurance respecting all employees of Owner and Developers, in such amount as is customarily carried by like organizations engaged in like activities of comparable size and liability exposure; provided that Owner and Developers 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 IV to be provided prior to the Termination Date shall be taken out and maintained in responsible insurance companies selected by Owner and Developers, which are authorized under the laws of the State to assume the risks covered thereby. Owner and Developers will deposit annually with the City copies of policies evidencing such insurance or a certificate or certificates or binders of the respective insurers stating that such insurance is in force and effect. Unless otherwise provided in this Article IV, each policy shall contain a provision that the insurer shall not cancel or modify it without giving written notice to Owner and Developers . 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 party responsible for obtaining the same shall furnish the City evidence satisfactory to 12 the City that the policy has been renewed or replaced by another policy conforming to the provisions of this Article IV, or that there is no necessity therefor under the terms hereof. (c) Owner and Developers agree to notify the City immediately in the case of damage exceeding $25,000 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 shall be paid directly to Owner or Developers, and Owner and Developers 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, Developer will apply the Net Proceeds of any insurance relating to such damage received by Owner or Developers to the payment or reimbursement of the costs thereof. (d) Owner and Developers shall complete the repair, reconstruction, and restoration of the Minimum Improvements, or other similar improvements agreed upon by and between the City, Owner and Developers, whether or not the Net Proceeds of insurance received by Owner or Developers for such purposes are sufficient. ARTICLE V. COVENANTS Section 5.1. Maintenance of Property. Owner and Developers will maintain, preserve and keep the Development Property, 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 5.2. Maintenance of Records. Owner and Developers 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 Owner and Developers in accordance with generally accepted accounting principles, consistently applied throughout the period involved, and Owner and Developers will provide reasonable protection against loss or damage to such books of record and account. Section 5.3. Compliance with Laws. Owner and Developers will comply with all laws, rules and regulations relating to the Minimum Improvements. Section 5.4. Non -Discrimination. In operating the Minimum Improvements, Owner and Developers shall not discriminate against any applicant or tenant because of age, color, creed, disability, gender identity, marital status, national origin, race, religion, sex, sexual orientation, presence or absence of dependents or public assistance source of income. Developer shall ensure that any such applicants, employees, and tenants are considered and are treated without regard to their age, color, creed, disability, gender identity, marital status, national origin, race, religion, sex, sexual orientation, presence or absence of dependents or public assistance source of income. This Section shall not be construed to prohibit utilizing income as a qualification for occupancy of the Affordable Housing units provided by Owner and Developers pursuant to Section 2.2 "Affordable Housing Occupancy" above. 13 Section 5.5. Available Information. Upon request, Owner and Developers shall promptly provide the City with copies of information requested by the City that are related to this Agreement so that the City can determine compliance with the Agreement, Section 5.6. Annual Certification. To assist the City in monitoring and performance of Owner and Developers hereunder, a duly -authorized officer of Owner and Developers shall annually certify to the City: (a) proof that all ad valorem taxes on the Development Property and Minimum Improvements have been paid for the prior fiscal year; (b) an annual tenant housing report which, at a minimum, shall include statistics relating to the income -eligible households occupying the on-site affordable housing units per Section 2.1 above, such as the unit number and type, household size, income, and lease dates and rents or sale price, as applicable; (c) certification that such officer has re-examined the terms and provisions of this Agreement and that at the date of such certification, and during the preceding twelve (12) months, Developer is not, or was not, in default in the fulfillment of any of the terns 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 certification 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 1 of each year, commencing November 1, 2020 and ending on November 1, 2035, both dates inclusive. Owner and Developers shall provide supporting information for their annual certifications upon request of the City. Section 5.7 Minimum Assessment Agreement. Owner and Developers (and the holder of any Mortgage) shall agree to, and with the City shall execute, an Assessment Agreement pursuant to the provisions of Iowa Code Section 403.6(19) (2017) specifying the Assessor's Minimum Actual Value for the Minimum Improvements on the Development Property for calculation of real property taxes in the form attached as Exhibit F ("Assessment Agreement" or "Minimum Assessment Agreement"). Specifically, Owner and Developers (and the holder of any Mortgage) shall agree to an Assessor's Minimum Actual Value for the Minimum Improvements to be constructed on the Development Property of not less than $16,709,195, after taking into consideration any factors such as "roll backs" which would reduce the taxable value of the property, as of January 1, 2020, until the Assessment Agreement Termination Date (as defined below). Such minimum actual value at the time applicable is herein referred to as the "Assessor's Minimum Actual Value." Nothing in the Assessment Agreement shall limit the discretion of the Assessor to assign an actual value to the Development Property in excess of such Assessor's Minimum Actual Value nor prohibit Owner and Developers from seeking through the exercise of legal or administrative remedies a reduction in such actual value for property tax purposes; provided, however, that Owner and Developers shall not seek a reduction of such actual value below the Assessor's Minimum Actual Value in any year so long as the Assessment Agreement shall remain in effect. The Assessment Agreement shall remain in effect until December 31, 2034 ("Assessment Agreement Termination Date"). The Assessment Agreement shall be certified by the Assessor for the County as provided in Iowa Code Section 14 403.6(19) (2017) and shall be filed for record in the office of the Johnson County Recorder, and such filing shall constitute notice to any subsequent encumbrancer or purchaser of the Development Property (or part thereof), whether voluntary or involuntary. Such Assessment Agreement shall be binding and enforceable in its entirety against any such subsequent purchaser or lienholder, as well as all prior lienholders (such as the holder of any Mortgage), each of which shall sign a statement of consent to the Minimum Assessment Agreement. Section 5.8. Real Property Taxes and Assessments. Owner and Developers shall pay or cause to be paid when due all real property taxes and assessments with respect to all and any parts of the Development. Owner and Developers agree that they will not seek: (a) Administrative or judicial review of the applicability or constitutionality of any Iowa tax statute relating to the taxation of property contained on the Development Property determined by any tax official to be applicable to the Development Property, the Minimum Improvements, or Owner and Developers, or raise the inapplicability or constitutionality of any such tax statute as a defense in any proceedings, including delinquent tax proceedings; and (b) Any tax deferral or abatement, either presently or prospectively authorized under Iowa Code Chapters 403 and 404 or any other local or State law, of the taxation of real property contained on the Development Property. Section 5.9 Contractor Labor Law Compliance. Owner and Developers will require, in their agreement with their general contractor, that the General Contractor i) comply with all state, federal and local laws and regulations, including, but not limited to the requirements of Iowa Code Chapter 91C (Contractor Registration with the Iowa Division of Labor), Iowa Code Chapter 91A (Iowa Wage Payment Collection Law), Iowa Code Chapter 91D (Minimum Wage), the Federal Fair Labor Standards Act, and the Internal Revenue Code; ii) provide to the Developer and the City, no later than the filing of an application for issuance of a building permit, the names and addresses of each subcontractor and the dollar value of the work the subcontractor is expected to perform; iii) demonstrate it has the capacity to meet all performance, and labor and material payment, bonding requirements relative to the Minimum Improvements; iv) provide to the City a certificate by the General Contractor's insurer that it has in force all insurance required with respect to construction of the Minimum Improvements; v) demonstrate that it has required all subcontractors to agree, in writing, that the subcontractor will comply with all state, federal and local laws and administrative rules and regulations, including, but not limited to the requirements of Iowa Code Chapter 91C (Contractor Registration with the Iowa Division of Labor), Iowa Code Chapter 91A (Iowa Wage Payment Collection Law), Iowa Code Chapter 91D (Minimum Wage), the Federal Fair Labor Standards Act, and the Internal Revenue Code. Owner and Developers shall provide the City with sufficient evidence to establish compliance with this requirement prior to issuance of any building permit. 15 ARTICLE VI. ASSIGNMENT AND TRANSFER Section 6.1. Status of Owner and Developers: Transfer of Assets. (a) As security for the obligations of Owner and Developers under this Agreement, Owner and Developers represents and agrees that, prior to the Termination Date, Owner will maintain existence as Iowa limited liability partnership and Developers will maintain existence as Iowa limited liability companies, and will not wind up or otherwise dispose of all or substantially all of their assets or assign their interest in the Development Property or Minimum Improvements, or their 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 of Owner and Developers under this Agreement, and (ii) the City consents thereto in writing in advance thereof, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, however, or any other provisions of this Agreement, Owner and Developers may pledge any and/or all of its assets as security for any financing of the Minimum Improvements, and the City agrees that Developer may assign its interest in the Economic Development Grants being paid under this Agreement for such purpose. (b) The Owner and Developers may submit the Development Property to a horizontal property regime pursuant to Iowa Code Chapter 499B. The Mayor is authorized to execute a amendment to this Agreement and the Minimum Assessment Agreement in accordance with Section 12.8 for the limited purpose of allocating the rights and obligations set forth in this Agreement to respective condominium units to be owned by one or more of the Owner or Developers. Any other amendment to this Agreement must be approved by City Council unless specifically stated herein. (c) Notwithstanding anything herein to the contrary, however, the parties expressly agree and acknowledge that Owner intends to transfer ownership of the Development Property to the Developers prior to the commencement of construction of the Minimum haprovements and that the City consents to said transfer. Therefore, no further consent from the City to the Owner's transfer of the Development Property to the Developers is required. It is further acknowledged and agreed that upon the transfer of the Development Property by the Owner to the Developers, Owner shall be released from any further obligation under this Agreement of any kind and that all further rights, title and obligations owed to or due from the City under this Agreement shall vest solely in the Developers. Section 6.2. Representation as to Development. Owner and Developers represent and agree that their development of the Development Property, and their other undertakings pursuant to this Agreement, are and will be used for the purpose of development of the Development Property and not for speculation in land holding. Owner and Developers farther recognize: (a) The importance of developing the Development Property to the general welfare of the community; (b) The substantial financing and other public aids that have been made available by 16 law and by the City for the purpose of making such development possible; and (c) Except for a change in the ownership or control of Owner and/or Developer(s) caused by or related to the death of a member, estate planning of a member or retirement of a member, when the remaining original controlling members of the Owner and/or Developer(s) remain unchanged, the fact that any act or transaction involving or resulting in a significant change in the ownership or with respect to the identity of the parties in control of Owner and Developers or the degree thereof, is for practical purposes a transfer or disposition of the Development Property then owned by Owner and Developers and the qualifications and identity of Owner and Developers are of particular concern to the City. Owner and Developers further recognize that it is because of such qualifications and identity that the City is entering into this Agreement with Owner and Developers. Section 6.3. Prohibition Against Transfer of Property and Assignment of Agreement. For the reasons identified in Section 6.2, Owner and Developers represent and agree for themselves and their successors and assigns, that: (a) Owner and Developers have not made or created, and they will not, prior to the completion of the Minimum Improvements and the delivery by the City of the Certificate of Completion, make, create, or suffer to be made or created, any total or partial sale, assignment, conveyance, or lease, or any trust or power, or transfer in any other mode or form of or with respect to this Agreement or the Development Property, or any part thereof or any interest therein, or any contract or agreement to do any of the same, without the prior written approval of the City. Notwithstanding said restrictions, Developers and/or Owner may: (i) make such transfer or assignment for the purpose of obtaining financing necessary to enable Owner and Developers or any successor in interest to the Development Property, or any part thereof, to perform their obligations with respect to construction the Minimum Improvements under this Agreement; (ii) lease or sell commercial and residential condominium units at any time subject to the terms of the Minimum Assessment Agreement and the restrictions on use with respect to the affordable housing units described in Section 2.2 hereof; (iii) have a change in ownership or control caused by or related to the death of a member, estate planning of a member or retirement of a member, when the remaining original controlling members of the Owner and/or Developer(s) remain unchanged; (iv) make such a transfer or assignment for any other purposed authorized by this Agreement. (b) The City shall be entitled to require, except as otherwise provided in this Agreement, as conditions to any such approval that: 17 (i) Any proposed transferee shall have the qualifications and financial responsibility, as determined by the City, necessary and adequate to fulfill the obligations undertaken in this Agreement by Owner and Developers (or, in the event the transfer is or relates to part of the Development Property, such obligations to the extent that they relate to such part). (ii) Any proposed transferee, by instrument in writing satisfactory to the City and in form recordable among the land records, shall, for itself and its successors and assigns, and expressly for the benefit of the City, have expressly assumed all of the obligations of Owner and Developers under this Agreement and the Assessment Agreement and agreed to be subject to all the conditions and restrictions to which Owner and Developers are subject (or, in the event the transfer is of or relates to part of the Development Property, such obligations, conditions, and restrictions to the extent that they relate to such part). Provided, that the fact that any transferee of, or any other successor in interest whatsoever to, the Development Property, or any part thereof shall, whatever the reason, not have assumed such obligations or so agreed, shall not (unless and only to the extent otherwise specifically provided in this Agreement or agreed to in writing by the City) relieve or except such transferee or successor of or from such obligations, conditions, or restrictions, or deprive or limit the City of or with respect to any rights or remedies or controls with respect to the Development Property or the construction of the Minimum Improvements; it being the intent of this, together with other provisions of this Agreement, that (to the fullest extent permitted by law and equity and excepting only in the manner and to the extent specifically provided otherwise in this Agreement) no transfer of, or change with respect to, ownership in the Development Property or any part thereof, or any interest therein, however consummated or occurring, and whether voluntary or involuntary, shall operate, legally or practically, to deprive or limit the City of or with respect to any rights or remedies or controls provided in or resulting from this Agreement and the Assessment Agreement with respect to the Development Property and the construction of the Minimum Improvements that the City would have had, had there been no such transfer or change. (iii) There shall be submitted to the City for review all instruments and other legal documents involved in effecting transfer; and if approved by the City, its approval shall be indicated to Owner and Developers in writing. Such approval will not be unreasonably withheld. Provided, that in the absence of specific written agreement by the City to the contrary, no such transfer or approval by the City thereof shall be deemed to relieve Owner and Developers, or any other party bound in any way by this Agreement or otherwise with respect to the construction of the Minimum Improvements, or from any of their obligations with respect thereto. Section 6.4 Prohibition Against Use as Non -Taxable or Centrally Assessed Property. During the term of this Agreement, Owner and Developers agree that no portion of the Development Property or Minimum Improvements shall be transferred or sold to a non-profit entity or used for a purpose that would exempt said portion of the Development Property or Minimum Improvements from property tax liability. During the term of this Agreement, Developer agrees not to allow any portion of the Development Property or Minimum Improvements to be used as centrally -assessed property (including, but not limited to, Iowa Code IN § 428.24 to 428.29 (Public Utility Plants and Related Personal Property); Chapter 433 (Telegraph and Telephone Company Property); Chapter 434 (Railway Property); Chapter 437 (Electric Transmission Lines); Chapter 437A (Property Used in the Production, Generation, Transmission or Delivery of Electricity or Natural Gas); and Chapter 438 (Pipeline Property)). ARTICLE VII. ECONOMIC DEVELOPMENT GRANTS Section 7.1. Economic Development Grants. For and in consideration of the obligations being assumed by the Owner and Developers hereunder, and in fiutherance of the goals and objectives of the Urban Renewal Plan and the Urban Renewal Act, the City agrees to make the following Economic Development Grants, subject to the Owner and Developers being and remaining in compliance with the terms of this Agreement and subject to the terms of this Article VII. Said Economic Development Grants shall, in no event, exceed an aggregate amount of $8,000,000: (a) $600,000 to Owner and Developers on or about March 31, 2020, or three (3) months following the issuance of the Certificate of Completion, whichever is later. (b) Up to fifteen (15) annual Economic Development Grants commencing on June 1, 2022, and ending on June 1, 2036, or when the total of all grants described in this Article VII is equal to $8,000,000, whichever is earlier. All annual grants shall be equal to one hundred percent (100%) per fiscal year of the Tax Increments (unless the total grant amount of $8,000,000 is reached first) collected by the City with respect to the Minimum Improvements on 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 described in subsections (a) and (b) hereof being referred to collectively as the "Economic Development Grants"). (c) 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 timely filing by the Developer of all previous annual statements, proofs and certifications required under Section 5.6 hereof and the City Manager's approval thereof. Beginning with the November 1, 2020 certification, if the Developer's annual statement, proof and certification is timely filed and contains the information required under Section 5.6 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 Owner and Developers and the City each so certify on November and December 2020 respectively, the first Economic Development Grant would be paid to the Owner and Developers on June 1, 2022). 19 (d) In the event that the annual statement, proof or certificate required to be delivered by the Owner and Developers under Section 5.7 is not delivered to the City by November 1 of any year, the Owner and Developers recognize and agree 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 in respect thereof. The City covenants to act in good faith to appropriately review and consider any late certification on the part of the Owner and Developers, but the City shall not be obligated to make any certification to the County for the available Tax Increments or make any corresponding payment of the Economic Development Grant to the Owner and Developers if, in the reasonable judgment of the City, it is not able to give appropriate consideration (which may include, but not be limited to, specific discussion before the City Council at a regular City Council meeting with respect thereto) to the Owner and Developers' certification due to its late filing. In the event Owner and Developers fail to timely file an annual statement, proof or certificate due to an Unavoidable Delay and, as a result, an Economic Development Grant cannot be make, Owner and Developers may give written notice to the City and, if the City finds that the failure is due to an Unavoidable Delay, the missed Economic Development Grant shall be made in the year succeeding the last scheduled Economic Development Grant under Section 7. 1, subject to Owner and Developers' filing under Section 5.6 and all other provisions of this Article VII with respect to such grant, it being the intention of the parties to allow a one-time $600,000 lump sum Economic Development Grant and up to fifteen (15) annual Economic Development Grants in an aggregate amount not to exceed $8,000,000, if Owner and Developers are in compliance with this Agreement. (e) The final grant shall be adjusted, if necessary, if payment of 100% of Tats. Increments for that grant would result in total, aggregate Economic Development Grants in an amount exceeding $8,000,000. Such Economic Development Grants shall at all times be subject to termination in accordance with the terms of this Article VII 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. (f) In the event that any certificate filed by the Owner and Developers under Section 5.6 or other information available to the City discloses the existence or prior occurrence of an 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. 20 Section 7.2. 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 Hieronymus Square 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 Hieronymus Square TIF Account to pay the Economic Development Grants, as and to the extent set forth in Section 7.1 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 7.1 hereof, the City shall have no obligation to make an Economic Development Grant to the Owner or Developers if at any time during the term hereof the City receives an opinion of its legal counsel or a controlling decision of an Iowa court having jurisdiction over the subject matter hereof to the effect that the use of Tax Increments resulting from the Minimum Improvements to fund an Economic Development Grant, as contemplated under said Section 7.1, 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. Upon receipt of such an opinion or decision, the City shall promptly forward a copy of the same to the Owner and Developers. If the circumstances or legal constraints giving rise to the opinion or decision continue for a period during which two (2) Economic Development Grants would otherwise have been paid to the Owner and Developers under the terms of Section 7.1, the City may terminate this Agreement, without penalty or other liability to the Owner or Developers, by written notice to the Owner and Developers. In said event, the Minimum Assessment Agreement shall also be terminated effective as of the City's termination of this Agreement. (c) The City makes no representation with respect to the amounts that may finally be paid to the Owner and Developers as the Economic Development Grants, and under no circumstances shall the City in any manner be liable to the Owner and Developers, so long as the City timely applies the Tax Increments actually collected and held in the Hieronymus Square TIF Account (regardless of the amounts thereof) to the payment of the Economic Development Grants to the Developer, as and to the extent described in this Article. Section 7.3. Use of Other Tax Increments. Subject to this Article VII, 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 7.1 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. 21 Section 7.4. Conditions Precedent. Notwithstanding other provisions of this Article, the City's obligations to make Economic Development Grant(s) to Owner and Developers under this Agreement shall be subject to satisfaction of the following conditions precedent: (a) Owner and Developers shall be in material compliance with all the terms and provisions of this Agreement; and (b) The City has held all necessary hearings and taken Council action in the exercise of its sole discretion and legislative deliberative authority to adopt or amend the City -University Project I Urban Renewal Plan, as deemed necessary by the City in its sole discretion; and (c) Execution and recording of the Assessment Agreement by the City and Owner and Developers pursuant to Section 5.8 of this Agreement; and (d) Execution and recording of the Memorandum of Agreement for Private Development by the City and Owner and Developers pursuant to Section 12.3 of this Agreement; and (e) Execution and recording of an Access Easement for use of Court Street Transportation Center, if necessary pursuant to Section 2.1 above. (1) Execution and recording of a Temporary Construction Easement, if necessary pursuant to Section 2.1 above, (g) Execution and recording of a Temporary Use of Right -of -Way agreement, if necessary pursuant to Section 2.1 above. (h) Receipt of opinions of counsel to Owner and Developers in the form attached hereto as Exhibit E; (i) Owner and Developers have closed on their financing for the construction of the Minimum Improvements; and (j) There has not been a substantial change for the worse in the financial resources and ability of Owner and Developers, or a substantial decrease in the financing commitments secured by Owner and Developers for construction of the Minimum Improvements, which change(s) makes it likely, in the judgment of the City, that Owner and Developers will be unable to fulfill its covenants and obligations under this Agreement. (k) Developer's execution of the Wage Theft Affidavit attached hereto as Exhibit K. Section 7.5. Limitations on Financial Undertakings of the Citv. Notwithstanding the provisions of this Agreement, including Sections 7.1 and 7.2 hereof, the City shall have no obligation to Owner and Developers under this Agreement to issue an Economic Development Grant if the City is entitled (or, with the passage of time or giving of notice or both, would be 22 entitled) under Section 10.2 of this Agreement to exercise any of the remedies set forth therein as a result of an Event of Default. ARTICLE VIII. INDEMNIFICATION Section 8.1. Release and Indemnification Covenants. (a) Owner and Developers release the City and the governing body members, officers, agents, servants and employees thereof (hereinafter, for purposes of this Article VIII, the "indemnified parties") from, covenant and agree that the indemnified parties shall not be liable for, and agree 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 or the Development Property. Notwithstanding the foregoing, however, Owner and Developers shall have no obligation to indemnify, defend or hold harmless the indemnified parties against any loss or damage to property or any injury to or death of any person arising in whole or in part from actions taken or not taken by the City on its property adjacent to the Development Property or any property other than the Development Property. (b) Except for any willful misrepresentation or any willful or wanton misconduct or any unlawful act of the indemnified parties, Owner and Developers agree 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 agreement or condition of this Agreement by (except with respect to any suit, action, demand or other proceeding brought by Owner and Developers against the City to enforce their rights under this Agreement); (ii) the acquisition and condition of the Development Property and the acquisition, construction, installation, owner and operation of the Minimum Improvements; or (iii) any hazardous substance or environmental contamination located in or on the Development Property. (c) The indemnified parties shall not be liable for any damage or injury to the persons or property of Owner and Developers, or its officers, agents, servants or employees or any other person who may be about the Minimum Improvements or the Development Property 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 the individual capacity thereof. (e) The provisions of this Article VIII shall survive the termination of this Agreement. 23 (f) Nothing herein shall waive any of the defenses of governmental immunity available to the City of Iowa City, Iowa, under Code of Iowa Section 670.4 as it now exists and as it may be amended from time to time. ARTICLE IX. RESERVED 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, any one or more of the following events: (a) Failure by Owner and Developers to cause the construction of the Minimum Improvements to be commenced and completed pursuant to the terms, conditions and limitations of this Agreement; (b) Transfer of any interest by Developer in this Agreement or the Development Property or the Minimum Improvements in violation of the provisions of this Agreement. (c) Failure by Owner and Developers to substantially observe or perform any covenant, condition, obligation or agreement on its part to be observed or performed under this Agreement; (d) Failure by Developer to pay, before delinquency, ad valorem taxes on the Development Property and Minimum Improvements; (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) Owner and Developers shall: (i) 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; (ii) make an assignment for the benefit of its creditors; (iii) admit in writing its inability to pay its debts generally as they become due; (iv) be adjudicated a bankrupt or insolvent; or if a petition or answer proposing the adjudication of Owner and Developers 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 24 thereof; or a receiver, trustee or liquidator of Owner and Developers or the Minimum Improvements, or part thereof, shall be appointed in any proceedings brought against Owner and Developers, and shall not be discharged within ninety (90) days after such appointment, or if Owner and Developers shall consent to or acquiesce in such appointment; (g) Any representation or warranty made by Owner and Developers in this Agreement, or made by Owner and Developers in any written statement or certificate famished by Owner and Developers 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 I0.2. 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 any one or more of the following actions after (except in the case of an Event of Default under subsections (e), (f) or (h) of said Section 10.1) the giving of thirty (3 0) days' written notice by the City to Owner and Developers, Developer and the holder of the Mortgage (but only to the extent the City has been informed in writing of the existence of a 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 Owner and Developers does not provide assurances reasonably satisfactory to the City that the Event of Default will be cured as soon as reasonably possible: (a) The City may suspend its performance under this Agreement until it receives assurances from Owner and Developers, deemed adequate by the City, that Owner and Developers 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 shall be entitled to rescind the Economic Development Grants and recover from Owner and Developers all funds expended by the City in connection with the issuance of the Note and the funding of the Economic Development Grants, and the City may take any action, including any legal action it deems necessary, to recover such amounts from Owner and Developers; or (e) The City may take any action, including legal, equitable or administrative action, which may appear necessary or desirable to collect any amounts due under this Agreement or enforce performance and observance of any obligation, agreement, or covenant under this Agreement. (f) The City may draw upon any guarantee or security provided to the City pursuant to any of the terms of this Agreement according to its terms. 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 25 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 10.4, No hnplied 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. (i) Developer shall pay the City's costs and expenses related to amending the urban renewal area, legal fees related to the creation and ongoing administration of the Development Agreement, and any financial advisor's fees. Such payment shall be made no later than 30 days upon receiving written notice. (ii) Whenever any Event of Default occurs and the City 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 Owner and Developers herein contained, Owner and Developers agrees that it shall, on demand therefore, pay to the City the reasonable fees of such attorneys and such other expenses as may be reasonably and appropriately incurred by the City in connection therewith. ARTICLE Xl. RESERVED ARTICLE XII. MISCELLANEOUS Section 12.1. Conflict of Interest. Owner and Developers represents and warrants that, to their best knowledge and belief after due inquiry, no officer or employee of the City, or their 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 26 (a) In the case of Owner and Developers, is addressed or delivered personally to Owner and Developers at 711 S. Gilbert Street, Iowa City, Iowa 52240; 319-354-2233 Attn: Kevin Digmann, with copy to Kirsten H. Frey, 920 S. Dubuque Street, Iowa City, Iowa 52240, (b) In the case of the City, addressed to or delivered personally to City Manager, City Hall, 410 E. Washington Street, Iowa City, Iowa 52240, or to such other designated individual or officer or to such other address as any party shall have furnished to the other in writing in accordance herewith. Section 123. Memorandum of Agreement. The parties agree to execute and record a Memorandum of Agreement for Private Development, in substantially the form attached as Exhibit D, to serve as notice to the public of the existence and provisions of this Agreement, and the rights and interests held by the City by virtue hereof. The Minimum Assessment Agreement shall be recorded at Owner and Developers' expense. Section 12.4. 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 12.5. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall constitute one and the same instrument. Section 12.6. Governing Law. This Agreement shall be governed by the laws of the State of Iowa. Section 12.7. Severability. If any provision of this Agreement or the application of such Provision to any person or circumstance shall be held invalid, then the remainder of this Agreement or the application of such provision to persons or circumstances, other than those to which it is held invalid, shall not be affected thereby and the parties shall thereupon amend this Agreement to legally and most closely embody the spirit and intent of the invalid provisions. Section 12.8. Amendment: Waiver. This Agreement may not be amended, waived or modified in any respect, unless the same shall be in writing and signed by all parties. No waiver by a party of any default by another party shall constitute a waiver of any other breach or default by another party, whether of the same or any other covenant or condition. No waiver, benefit, privilege or service voluntarily given or performed by a party shall give another party any contractual right by custom, estoppel or otherwise. The Mayor is authorized to execute an amendment reasonably necessary in accordance with Section 6.1 above. Section 12.9. No Third -Party Beneficiaries. No rights or privileges of any party hereto shall inure to the benefit of any landowner, contractor, subcontractor, material supplier, or any other person or entity, and no such contractor, landowner, subcontractor, material supplier, or any other person or entity shall be deemed to be a third -party beneficiary of any of the provisions contained in this Agreement. 27 and on their behalf by their authorized representative(s), all on or as of the day first above written. ATTEST: By: City Clerk CITY OF IOOWfA CITYY, IOWA By: 7C� • `' Mayor INS BY: ^�ti BY: , L.L.P., DEVELOPERS, L.L.C., Manager Benjamin Kinseth, Manager IOWA CITY ES HOTEL. L.L.C. iK BY: M c( Michael bodge, Manager C Benjamin Kinseth, Manager HS314, L.L.C. BY: Kevhr' igman/n,rl anager BY: Michael Hp ge, Manager Benjamin Kinseth, Manager STATE OF IOWA ) ) SS COUNTY OF JOHNSON ) On this I day of e�}p�. , L , r , 2017 before me a Notary Public in and for said Count personally a eare ya r c s d �a fie County, p y pp du,:.a^uan s to me personally known, who being duly sworn, did say that they are the Mayor and City Cl k, respectively, of the City of Iowa City, Iowa, a Municipal Corporation, created and existing under the laws of the State of Iowa, and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of said Municipal Corporation by them voluntarily executed. a RW Notary Public in d for the State o Iowa- ;owr� 28Aa) STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this day of . bef, 2017, by Thr` k�ier°h!m)xas as o a &AM -r ofHIERONY IPARTNERSHIP,L.L.P., y �� WEW 13 y Cwrnk" Notary Public to and for the State f Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) Ah This instrument was acknowledged before me on this I� day of , 2017, by Kevin Digmann, as Manager of HIERONYMUS SQUA);iE DEVELOPERS, L.L.C. 01 . KIRMN H. FOY Canmiyfron kumb r 180259 = My C,gmMsi6 0� irM I 1 STATE OF IOWA COUNTY OF JOHNSON Notary Public in and for the )SS This instrument was acknowledged before me Michael Hodge, as Manager of HIERONYMUS �.* KNOM K FKY O C.ommisgimNu'Ma1802S9 Not. my My CamNuim STATE OF IOWA ) )SS COUNTY OF JOHNSON ) of Iowa on this 1q day of�2017, by ;QUARE DEVELOPERS, L.L.C. Public in and for the Stake of Iowa This instrument was acknowledged before me on this Iq day of tr , 2017, by John Hieronymus, as Manager of HIERONYMUS SQUARE DEVELOPERS, L.L.C. D L C i T 00 Cpmisalon Nmwnber ber 010273 try Ccnvn=1on Expkm Notary Public in and for the St e of Iowa April 7, 2020 28(b) STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this �� day of 30JW4'2017, by Benjamin Kinseth, as Manager of HIERONYMUS SQUAPLE DEVELOPER , L.L.C. aAmelia handk"CommiwonNumb�r,7911MIzo"i• vFra,v,ft EoM Notary Public in and or the State of Iowa 22 2010 STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this () day of 2017, by Kevin Digmann, as Manager of of IOWA CITY ES H TEL, L.L.C. .tea' s�EKRSTEN H. FREY N tary Public in and for the S to of Iowa imission Number 180259y Com fission STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this F) day of W4� 2017, by Michael Hodge, as Manager of of IOWA CITY S HOTEL, L.L.C. myl FREY 100259 M Notary Public in and for the tate of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this Iq day of f/I 2017, by John Hieronymus, as Manager of of IOWA CITY ES HOTEL, L.L.C. 0LMELFkWA4` g ' �pWW Nu„ b*r01=19 Notary Public in and for the State o owa Aprl T. 2020 28(c) STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this �day of {! 2017, by Benjamin Kinseth, as Manager of of IOWA CI YES HOTEL, L.L.C. ' "'8 s A*6116 Rand CW0*NWn Number 791188 Eye• mycwffa onE*N Notary Public in hnd for the State of Iowa ..wn July 22 2018 STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this PP day of,(2017, by Kevin Digmann, as Manager of HS314, L.L.C. ��`. KIRSTEN N. FIm O C M C NWI N t�0259 otary Public in and forth State of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this iq-th day of� ffAQ 2017, by Michael Hodge, as Manager of HS314, L.L.C. 4�a s KIRa9es Comrn MY No ry Public in and for the S to of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this I"1 day of , 2017, by John Hieronymus, as Manager of HS314, L.L.C. lD L CkELF iNCamabn Nrbe010213 jm &-A-QJ-4- My CQn1rdalo2F)*W Notary Public in and for the Stat6 of Iowa Apri 7. 20 28(d) STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this --I� day of C 2017, by Benjamin Kinseth, as Manager of HS314, L.L.C. Amelia Rand. • �CpmninionNumber7011N Q44 • ►bCmeu "M BMW Notary Public in And for the State of Iowa J 22 201d 28(e) EXHIBIT A DEVELOPMENT PROPERTY The Development Property consists of the following legally described property: Lots 8, 7 and the N 44 feet of Lot 6, all in Block 102 in Iowa City, Johnson County, Iowa, according to the recorded plat thereof. Also described as follows: 1. Commencing at the NE corner of Lot 8, Block 102, thence W 30 feet, thence S 68 feet, thence E 30 feet, thence N 68 feet to the place of beginning, all in Iowa City, Johnson County, Iowa, according to the plat thereof recorded in Book 1, Page 116, Plat Records of Johnson County, Iowa. 2. Commencing at a point 30 feet W of the NE comer of Lot 8 in Block 102 in Iowa City, Iowa, according to the plat thereof recorded in Book 1, Page 116, Plat Records of Johnson County, Iowa, thence W 45 feet, thence S 68 feet, thence E 45 feet, thence N 68 feet to the place of beginning, excepting the W 2-2/12ths feet of the N 27 feet thereof. 3. Commencing at the NW comer of Lot 8 in Block 102 in Iowa City, Iowa, according to the plat thereof recorded in Plat Book 1, Page 116, Plat Records of Johnson County, Iowa, running thence E 77 feet 2 inches, thence S 27 feet, thence W 2 feet 2 inches, thence S 41 feet, thence E 75 feet to the alley, thence S along the alley 12 feet to the SE comer of said Lot 8, thence W 150 feet, thence N 80 feet to the point of beginning. 4. The N 44 feet of Lot 6 in Block 102 in Iowa City, Iowa, according to the recorded plat thereof. 5. Lot 7, Block 102 of the alteration of the original plat of Iowa City, Iowa, according to the plat thereof recorded in Book 8, Page 404 Plat Records of Johnson County, Iowa. 6. Beginning at the Southeast comer of the North 182 feet of the alley in Block 102, thence South 102 feet, thence West 20 feet, thence North 102 feet, thence East 20 feet to the point of beginning, containing approximately .05 acres (2,040 square feet) and subject to the easements and restrictions of record. A portion of Lot 6, Block 102, Original Town of Iowa City, Iowa located in the southeast one-quarter of the Southwest one-quarter of Section 10, Township 79 North, Range 6 West 31 of the 5a' Principal Meridian, City of Iowa City, Johnson County, Iowa, more particularly described as follows: Auditor's Parcel 2007081 Commencing at the Northwest corner of Lot 8, Block 102, Original Town of Iowa City, Iowa, according to the recorded plat thereof; Thence S00146'44"E, along the West line of Lots 8, 7 and 6, a distance of 165.00 feet to the point of beginning; Thence N89°13'16"E, 170.15 feet to a point on the East line of a vacated 20 foot wide alley in said Block 102; Thence S00145'34"E, along said East line, 16.92 feet; Thence S89°12121"W, 20.00 feet to a point on the East line of said Lot 6; Thence S00°45'34"E, along said East line, 3.07 feet; Thence S89°13'16"W, 150.15 feet to a point on the West line of said Lot 6, Thence N00°46'44"W, along said West line of Lot 6, a distance of 20.00 feet to said point of beginning, containing 0.08 acres (3,341square feet) and is subject to easements and restrictions of record. 32 M.W99 3r�i �. MINIMUM IMPROVEMENTS Developer shall complete the following minimum improvements and uses on the Development Property in accordance with the Development Agreement to which this Exhibit D is attached and as shown on the Concept Plan, attached to the Development Agreement as Exhibit H. 1. "Element" Hotel Developer shall complete a 7 -story, approximate 91 -unit extended stay hotel comprised of a minimum of 62,000 square feet. The Developer shall spend a minimum of $20,479,836 on total development costs, which shall include building construction and design, property acquisition, furniture, fixtures and equipment, opening costs (working capital, training, marketing), construction interest and loan fees, developer overhead, parking, and professional services and closing costs with a taxable value estimated at $8,460,000. The hotel entry shall be on Clinton Street through an approximately 2,800 square foot vestibule, described in more detail below, to be shared with the 7 -story mixed use building described below. The first floor shall be comprised of an approximate 9,750 square foot lobby, with a reception desk, fitness room, lounge, breakfast kitchen, offices, restrooms, a guest meeting room, laundry, pantry, and a staff meeting room. The second floor shall include an approximate 5,000 square foot patio (with a lower and upper terrace) and an indoor pool to be shared with the 7 - story mixed use building described below, as well as approximately 15 guest units. The third through seventh floors shall each be approximately 8,575 square feet with 15 guest units. Each hotel unit shall each have a full compact kitchen, including a two -burner stove, refrigerator, dishwasher and microwave. The City Manager shall have the authority to approve the final number of hotel units in accordance with Section 2.1 of the Agreement. A stairway and the elevator at the east end of the first floor vestibule will provide access to the second floor and it is anticipated that Developer will construct and maintain a second floor skywalk to link the vestibule to the City -owned Court Street Transportation Center (CSTC). The Developer shall enter into a franchise agreement with the Marriott International, Inc., or a subsidiary, for an "Element" brand hotel franchise or comparable hotel franchise approved by the City, which approval shall not be unreasonably withheld. In construction and operation of the Element, the Developer shall obtain the "Gold Green Seal Certification" upon construction of the building, and shall operate the hotel in accordance with said Gold Green Seal program, a third -party non-profit environmental certification program for hotels and lodging properties. 33 2. Mixed -Use Developer shall complete a 7 -story mixed use building comprised of a parking garage, commercial space, Class A office space, and five floors of residential units. The Developer shall spend at least $20,273,940 on total development costs for this component of the Minimum Improvements, which is estimated to create a taxable value of $8,249,195. The first floor will be built for retail use to ensure the street front is active and engaging. The retail level will be comprised of at least 10,100 square feet and maybe divided into appropriate - sized sections for tenant use. The store fronts shall have large, highly transparent windows to encourage and enhance activity and vibrancy at the street level. Level two consists of a minimum of 6,100 square feet of Class A office space. As defined by the Building Owners And Managers Association International (BOMA), class A office space is space that is of a quality that is attractive for premier office users with rents above average for the area. Class A office space has high quality standard finishes, state of the art systems, exceptional accessibility and a definite market presence. A minimum of 50,000 square feet of residential space on levels three through seven will total approximately 45 residential dwelling units. It is anticipated that the 45 dwelling units will consist of a mix of 5 studios, 10 one -bedroom units and 30 two-bedroom units, or as otherwise approved by the City Manager during the course of design review and construction plan approval pursuant to Section 2.1 of the Agreement. As provided in section 2.1 above, at least two of the units one I -bedroom and one 2 -bedroom) will be sold to or leased to income qualified households. All parking required pursuant to the Iowa City Code of Ordinances will be satisfied in an underground parking garage spanning the entire footprint of both the mixed use and hotel buildings described above. It is anticipated that access to the underground parking will be through the Court Street Transportation Center in accordance with an access easement agreement. The Developer shall install rooftop solar modules to generate an estimated 38,732 kWh annually. The design of these Minimum Improvements must be approved by the Form -based Code Committee for conformance with the Riverfront Crossings development standards, as set forth in Iowa City Code of Ordinances 14-2G. 34 EXHIBIT C CERTIFICATE OF COMPLETION WHEREAS, the City of Iowa City, Iowa (the "City") and Hieronymi Partnership, LL.P, Hieronymus Square Developers, LL.C, Iowa City ES Hotel, LL.C, and HS314, LL.C. ("Developers"), did on or about the l9th day of September, 2017, make, execute and deliver, each to the other, an Agreement for Private Development (the "Agreement"), wherein and whereby the Developers agreed, in accordance with the terns of the Agreement, to develop and maintain certain real property located within the City and as more particularly described as follows: WHEREAS, the Agreement incorporated and contained certain covenants and restrictions with respect to the development of the Development Property, and obligated the Developers to construct certain Minimum Improvements (as defined therein) in accordance with the Agreement; and WHEREAS, Developers have to the present date performed said covenants and conditions insofar as they relate to the construction of said Minimum hnprovements 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 25 of the Agreement, this is to certify that all covenants and conditions of the Agreement with respect io 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, except time covenants set forth in of the Agreement. The County Recorder of Johnson County, Iowa, 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. All other covenants and provisions of the Agreement shall othenvise remain in full force and effect until termination as provided therein. UM (SEAL) CITYgg IOWA CITY, IOWA By: ayor 35 CITY OF IOWA CITY STATE OF IOWA ) )sa: COUNTY OF JOHNSON ) On thisOjt�:j_day of April, 2020, befare me a Notary Public in and for said County, personally appeared and 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 frce act and deed of said Municipal Corporation by it voluntarily executed, *moi =CommisslonNumber NEYNot P 806232 ary ublic in and for State of Iowa xpires 36 EXHIBIT D MEMORANDUM OF AGREEMENT FOR PRIVATE DEVELOPMENT WHEREAS, the City of Iowa City, Iowa (the "City") and (the evelopers ), did on or about the_ day of 2017 make, execute and deliver an Agreement for Private Development (the "Agreement'), wherein and whereby the Developers agreed, in accordance with the terms of the Agreement and the City -University Urban Renewal Plan (the "Plan"), to develop within the City -University Urban Renewal Property"); and certain real property located within the City and Area and as more particularly described as Original Town, Iowa City, Iowa ("Development WHEREAS, the term of this Agreement shall commence on the and terminate ; and - WHEREAS, the City and Developers desire to record a Memorandum of the Agreement referring to the Development Property and their respective interests therein. NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 1. That the recording of this Memorandum of Agreement for Private Development shall serve as notice to the public that the Agreement contains provisions restricting development and use of the Development Property and the improvements located and operated on such Development Property, and farther subjects the Development Property to a Minimum Assessment Agreement entered into under the authority of Iowa Code Chapter 403, in which the City and Developers (and any successors or assigns) agree that, as of January 1, 2020, a full assessment shall be made fixing the minimum actual value of the Development Property and all improvements located thereof for calculation of real property taxes at not less than $16,709,195 after taking into consideration any factors such as "roll -backs" which would reduce the taxable value of the property; and that certain condominium units located within development be dedicated to particular uses. 2. That the Agreement imposes certain affordable housing requirements as set forth therein, for a period of 20 years beginning on the date a certificate of occupancy is issued for the property legally -described as: 3. That all of the provisions of the Agreement and any subsequent amendments thereto, if any, even though not set forth herein, are by the filing of this Memorandum of Agreement for Private Development made a part hereof by reference, and that anyone making any claim against any of said Property in any marmer whatsoever shall be fully advised as to all of the terms and conditions of the Agreement, and any amendments thereto, as if the same were fully set forth herein. 37 4. That a copy of the Agreement and any subsequent amendments thereto if any, shall be maintained on file for public inspection during ordinary business hours in the office of the City Clerk, City Hall, Iowa City, Iowa. IN WITNESS WHEREOF, the City and the Redeveloper have executed this Memorandum of Agreement for Private Redevelopment as of the O7 day of 2017. ATTEST: l� By: City Clerk CITY OF IOWA CITY, By:�/%`� Mayor HIER NY, I P TN SHIP, L.L.P., BY: II _•�� HIERONYMUSS DEVELOPERS, L.L.C., BY: m Kevin Dig , anager BY: *Michaelge, Manager BY• J hn Hieronymus, Manage BY: Benjamin Kinseth, Klan ager IOWA CITY ES L.L.C. l BY: in Dig Manager BY: Micl!Wef Hoirge, Manager Benjamin Kinseth, Manager HS314, L.L.C. BY: h igmap anager BY: Michael Hq ge, Manager MR BY:y-0-- V Benjamin Kinseth, Manager STATE OF IOWA ) ) SS COUNTY OF JOHNSON ) On this tl�— day of , 2017 before me a Notary Public in and for said County, personally appearedl�s�id o me personally known, who 39 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 said Mayor and City Clerk acknowledged said instrument to be the free act and deed of said Municipal Corporation by them voluntarily executed. STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This ms�pmentas acknowledged before me on this Iq day o o- w 2017, by Jahn {Cieranq�nuS as Oma .ft i to of HIERONYMI PARTNERSHIP, L.L.P., D CWLF L N=iia Notary Public in and for he State of Iowa MY c4mmmsjon Apr9 7, 2020 STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this 10) day o ar 2017, by Kevin Digma as Manager of HIERONYMUS SQUAF7E DEVELOPERS, L.L.C. Public in STATE OF IOWA ) )SS COUNTY OF JOHNSON ) the hate of Iowa This instrument was acknowledged before me on this da Y o€c�1 "V 2017, by Michael Hodge, as Manager of HIERONYMUS SQUARE DEVELOPERS, L.L.C. KIRSM H. FREY s� Commission Number 180259 N azy Public in and for th State of Iowa Commission _ MJuI 12 2019 40 STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this da o 103 Pd" 2017, by John g y Hieronymus, as Manager of HIERONYMUS SQUARE D VELOPER DLCOLF _49N Cpr�n W1w Numbr 010213 ' „ E,�rs• Notary Public in and for the Stat of Iowa �pri T. 2029 STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this 17's day oL�V 2017, by Benjamin Kinseth as ONYMUS SQ DEVELOPERS, L.L.C. ti�aars gmalia Rand ' C&Trk +NOmber791168 • s my Caemfuia� F. J 22 2018 Notary Public in for the State of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this �fl day of�4xyli� , 2017, by Kevin Digmann, as Manager of of IOWA CITY ES HOT aPa"'r , KIRM H. FM NumDer160259 My NotAry Public in and for the Stat A of Iowa A STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this P� day of�m� 2017, by Michael Hodge, as Manager of of IqWA-GqY I S HOTEL, L.L.C. C.KOmMIRny tF Public in and for 4U(a) State of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this A— day of 2017, by John Hieronymus, as Manager of of IOWA CITY ES HOTEL, L.L.C. D L CHELF i•e CoNs F mrsion Number 010213 My Carurdsston Expires AprY 7, 2020 STATE OF IOWA COUNTY OF JOHNSON L" � Notary Public in and for the State o Iowa )SS This instrument was acknowledged before me on this 19' day of ,�"✓2017, by Benjamin Kinseth, as Manager of of IOWA C Y ES HOTEL, L.L.C. RpIS11"[pl^mapa. Rand, uyummiNipnEowft Notary Public n and for the State of Iowa JWY 22 3010 STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this FV'r\ day of ,>l,n� 2017, by Kevin Digmann, as Manager of HS314, L.L.C. 40(b) STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this Michael Hodge, as Manager of HS314, L.L.C. s I KIRSTEN H. commission kumh STATE OF IOWA ) )SS COUNTY OF JOHNSON ) day or;A� 017, by in and for t$e State of Iowa This instrument was acknowledged before me on this day o 3, 2017, by John Hieronymus, as Manager of HS314, L.L.C. D L CHELF , sbn ;u 010W z Ki r K7 STATE OF IOWA COUNTY OF JOHNSON Notary Public in and for the State 4 Iowa )SS This instrument was acknowledged before me on thisi i _ day of t!2017, by Benjamin Kinseth, as Manager of HS314, L.L.C. Amelia Rand.j'0-a;!j Commission NumW 72114 J (� Mr conxnwrW Fapw. My 22 2018 Notary Public in and for the State of Iowa 40(c) KENNEDY, CRUISE, FREY & GELNER, L.L.P. ATTORNEYS AT LAW 920 S. DUBUOUE STREET - P.O. BOX 2000 MICHAEL W. KENNEDY IOWA CITY, IOWA 52244 MARCUS M. MILLS KIRSTEN H. FREY TELEPHONE (319) 351.8181 ZACHARY R. DAVELAAR KANDIE K. GELNER FAX (319) 351-0605 KATHERINE E. OTTO EXHIBIT E OPINION OF COUNSEL City of Iowa City 410 E. Washington Street Iowa City, Iowa 52240 RE: Agreement for Private Development by and among the City of Iowa City, Iowa, Hieronymi Partnership, L.L.P., Hieronymus Square Developers, L.L.C., Iowa City ES Hotel, L.L.C. and HS314, L.L.C. Dear City Representatives: I have acted as counsel for Hieronymi Partnership, L.L.P., Hieronymus Square Developers, L.L.C., Iowa City ES Hotel, L.L.C. and HS314, L.L.C. (collectively the "Developers"), in connection with the execution and delivery of a certain Agreement for Private Development (the "Development Agreement") between the Developers and the City of Iowa City, Iowa (the "City") dated as of 2017. I have examined the original certified copy, or copies otherwise identified to my satisfaction as being true copies, of the following: (a) The organization and operating agreements of the Developers; (b) Resolutions of the Developers at which action was taken with respect to the transactions covered by this opinion; (c) The Development Agreement; and such other documents and records as I have deemed relevant and necessary as a basis for the opinions set forth herein. Based on the pertinent law, the foregoing examination and such other inquiries as I have deemed appropriate, I am of the opinion that: 1. The Developers were duly organized and validly exist as a limited liability partnership and limited liability companies under the laws of the State of Iowa and are qualified 41 to do business in the State of Iowa. The Developers have full power and authority to execute, deliver and perform in full the Development Agreement; and the Development Agreement was duly and validly authorized, executed and delivered by the Developers 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 Developers 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. 2. The execution, delivery and performance by the Developers of the Development Agreement and the carrying out of the terms thereof, will not result in violation of any provision of, or in default under, the articles of organization and operating agreement of the Developers or any indenture, mortgage, deed of trust, indebtedness, agreement, judgment, decree, order, statute, rule, regulation or restriction to which the Developers are a party or by which it or its property is bound or subject. 3. There are no actions, suits or proceedings pending or threatened against or affecting the Developers 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 Developers or which in any manner raises any questions affecting the validity of the Agreement or the Developers' ability to perform their obligations thereunder. 42 EXHIBIT F MINIMUM ASSESSMENT AGREEMENT THIS MINIMUM ASSESSMENT AGREEMENT, dated as of this / g'�Z7 day of (,Sza1-eMher- , 2017, by and among the CITY OF IOWA CITY, IOWA, ("City"); HIERONYMI PARTNERSHIP, L.L.P., an Iowa limited liability partnership; HIERONYMUS SQUARE DEVELOPERS, L.L.C., an Iowa limited liability company, IOWA CITY ES HOTEL, L.L.C., an Iowa limited liability company, and HS314, L.L.C., an Iowa limited liability company (hereinafter collectively "Developers"), and the CITY ASSESSOR of the City of Iowa City, Iowa ("Assessor"). WITNESSETH: WHEREAS, it is contemplated that the Developers will undertake the development of an area ("Project") within the City and within the "City -University Urban Renewal Area," as amended; and WHEREAS, the City is making a significant grant of funds to the developer which will allow the Developer to construct the Project; and WHEREAS, the City will be reimbursed for such grant from the property tax revenues generated from the Project; and WHEREAS, pursuant to Iowa Code section 403.6 (2017), as amended, the City and the Developer desire to establish a minimum actual value for the land legally described in Exhibit A to the Agreement for Private Development; and WHEREAS, the City and the Assessor have reviewed the preliminary plans and specifications for the Minimum Improvements to be erected as a part of the development; NOW, THEREFORE, the parties to this Minimum Assessment Agreement, in consideration of the promises, covenants and agreements made by each other, do hereby agree as follows: 1. As of January 1, 2020, a full assessment shall be made fixing the minimum actual taxable value for assessment purposes for the land and Minimum Improvements to be constructed thereon by the Developers at not less than $16,709,195 after taking into consideration any factors such as "roll backs" which would reduce the taxable value of the property ("Assessor's Minimum Actual Value"). The parties hereto acknowledge and agree that construction of the Minimum Improvements will be substantially completed on or before December 31, 2019. 2. The Developer contemplates that a portion of the Project will be residential condominium units which will be subject to the property tax "roll -back" referred to previously. 43 Developers agree that at the time of the execution of the declaration required by Chapter 499B Horizontal Property (Condominiums) of the Code of Iowa (2017) an attachment to the declaration will be executed by the Redeveloper, the City and the City Assessor allocating a portion of the Minimum Actual Value to each unit, 3. Developers agree that the difference between the Minimum Actual Values (as adjusted pursuant to paragraph 2 hereof) and the amount allocated to the residential condominium units (as set forth in paragraph 2 hereof) will be allocated to the remainder of the Project. 4. The Minimum Actual Values (as adjusted pursuant to paragraph 2 hereof) herein established shall be of no further force and effect and this Minimum Assessment Agreement shall terminate on December 31, 2034. Nothing herein shall be deemed to waive the Developers' rights under Iowa Code section 403.6(19) (2017), as amended, to contest that portion of any actual value assignment made by the Assessor in excess of the Minimum Actual Values (as adjusted pursuant to paragraph 2 hereof) established herein. In no event, however, except as set forth paragraph 2 hereof, shall the Developers seek to reduce the actual value assigned below the Minimum Actual Value (as adjusted pursuant to paragraph 2 hereof) established herein during the term of this Agreement. 5. This Minimum Assessment Agreement shall be promptly recorded by the Developer with the Recorder of Johnson County, Iowa, at Developer's expense. 6. Developer has provided a title opinion to the City listing all lienholders of record as of the date of this Assessment Agreement and all such lienholders have signed consents to this Assessment Agreement, which consents are attached hereto and made a part hereof. 7. Neither the preambles nor provisions of this Minimum Assessment Agreement are intended to, nor shall be construed as, modifying the terms of the Agreement for Private Development between the City and Developers. 8. This Minimum Assessment Agreement shall inure to the benefit of and be binding upon the successors and assigns of the parties. ATTEST: By: ty Clerk CITY OF IOWA CITY IOWA By: Mayor 44 , L.L.P., ARE DEVELOPERS, L.L.C., `s BY: Mich " Hod anager 0 Benjamin Kinseth, Manager IOWA CITY ES HOTEL, L.L.C. BY: igmann ager BY: J °1 6��� Michael Hod e, Manager C 45 Kinseth, Manager HS314, L.L.C. BY: evin Digm anager BY: Michael Ho e, Manager BY: IL ohn Hieronymus, Mana BY: �/� Benjamin Kinseth, Manager STATE OF IOWA ) ) SS COUNTY OF JOHNSON ) On this -LQ_— day of 2017 before me a Notary Public in and for said County, personally appeare p es td � '9, to me personally known, who being duly sworn, did say that they are e Mayor and City C k, respectively, of the City of Iowa City, Iowa, a Municipal Corporation, created and existing under the laws of the State of Iowa, and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of said Municipal Corporation by them voluntarily executed. Cam 77M8! kyConrnbNa u/YM ��QA, � Y'� °`ti ¢-t r 1`Totary Publi n and for the Stat of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged bef re me o this —9—day of 2017, by 1D Jill sero h�lyw as l r of HIERONY I PARTNERSHIP, L.L.P., Notary Public in and for the S to of Iowa o D L CiIELF o` @ CpRgry�pn ku�01�73 ? �P. NyCgnm 46 STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this I / day of!2017, by Kevin Digmann, as Manager of HIERONYMUS SQUARE DEVELOPERS, L L.0 KIRUM N. FRET "in "�NotState of Iowa .wan cul 25"111 STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this g toIty) day of�_ SLmW2017, by Michael Hodge, as Manager of HIERONYMUS SQUARE DEVELOPERS, L.L.C. '"` s KIRSTEN N. FREY Commission NCominisi umbe 180259 N ary Public in and for the tate of Iowa MA Iil STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this l q day of "Qt' 2017, by John Hieronymus, as Manager of HIERONYMUS SQUARE DEVELp�OP'E}�RSS,,,L.nL.C�. 01. CW.0 010219 cam+••�O"WOW � Notary Public in and for the State of owa _ aPi aN1T.2020 S Pt�TE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this Benjamin Kinseth, as Manager of HIERONYWS SQUi, yyu� ��a' l,v s Amelia r Rand z° �mdlknNumber791168 4Notary Public in • • MY Cammittion E•prq Jul 22 2018 46(a) day of• f�G{. 2017, by VELOPE S L.LC. for the State of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this lcl'll day ofaj�MiN6,V 2017, by Kevin Digmann, as Manager of of IOWA CITY ES HOTEL, L.L.C. KIRSTEN K FREY O Comnr.�n Number i80xA Notary Public i�and the tate of Iowa L 201 n Nly uCanly lm115" STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this day o?2 P p1✓2017, by Michael Hodge, as Manager of of IOWA CITY Ep HOTEL, L.L.C. KIR STEN K FREY Cwms&bnMY I C 190238 4Xtar&yP—ublic in and for th State of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this JA— day of 47er, 2017, by John Hieronymus, as Manager of of IOWA CITY ES HOTEL, L.L.C. Us_ N��3 Ot02 20FxV 20 STATE OF IOWA COUNTY OF JOHNSON B' - n L� Notary Public in and for the State o Iowa )SS This instrument was acknowledged before me on this t l ' day of Benjamin Kinseth, as Manager of of IOWA CITY ES HO1FL, Z,]qC. ,;e1`�s Amelia Rand o Comm asitm Number 791188 Ei vues Notary Public in and for the State of Iowa Jul 22. 2018 46(b) 2017, by STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this day of5 f Wkfi' , by Kevin Digmann, as Manager of HS314, L.L.C. ZPs KIRSTEHH. CDf L� • • MY Notary Public in and for he State of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) r n This instrument was acknowledged before me on this (�1 day of � mt�1017, by Michael Hodge, as Manager of HS314, L.L.C. Public in and for the Itate of Iowa STA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this _J__� _ day of 2017, by John Hieronymus, as Manager of HS314, L.L.C. WjW Notary Public in and for the State 6f Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this��ay of F 2017, by Benjamin Kinseth, as Manager of HS314, L.L.C. (All ArhNIM hand ; CERTIFICATION OF ASSESSOR The undersigned, having reviewed the plans and specifications for the Minimum Improvements to be constructed and the market value assigned to the land upon which the Minimum improvements are to be constructed for the development, and being of the opinion that the minimum market value contained in the foregoing Minimum Assessment Agreement appears reasonable, hereby certifies as follows: The undersigned Assessor, being legally responsible for the assessment of the property subject to the development, upon completion of Minimum Improvements to be made on it and in accordance with the Minimum Assessment Agreement, certifies that the actual value assigned to such land, building and equipment upon completion of the redevelopment shall not be less than $ after taking into consideration any factors such as "roll -backs" which would reduce the taxable value of the property. Of this amount, Dollars ($ ) is determined to be the value of the land and Dollars ($ ) the value of the buildings thereon until termination of this Minimum Assessment Agreement pursuant to the terns hereof. Assessor for Iowa City, Iowa Date STATE OF IOWA ) )ss: COUNTY OF JOHNSON ) Subscribed and sworn to before me by Iowa City, Iowa. Assessor for Notary Public in and for Johnson County, Iowa Date 47 EXHIBIT G TEMPORARY CONSTRUCTION EASEMENT AGREEMENT FOR USE OF (STAGING PROPERTY) AND A PORTION OF THE COURT STREET TRANSPORTATION CENTER This Temporary Construction Easement Agreement is made on this day of 2017, by and among the CITY OF IOWA CITY, IOWA, ("City"); HIERONYMI PARTNERSHIP, L.L.P., an Iowa limited liability partnership; HIERONYMUS SQUARE DEVELOPERS, L,L.C., an Iowa limited liability company, IOWA CITY ES HOTEL, L.L.C., an Iowa limited liability company, and HS314, L.L.C_, an Iowa limited liability company (hereinafter collectively "Developers") WHEREAS, Hiernoymi Partnership, L.L.P is the fee owner of certain real estate addressed as and and legally described ("Development Property"); WHEREAS, the City of Iowa City is the fee owner of certain real estate legally described as ("Staging Property'); and WHEREAS, Developers and the City have entered into an Agreement for the Private Development of said Development Property, with a memorandum of said agreement having been recorded with the Johnson County Recorder in Book _, Page _ on , 20_; WHEREAS, Developers have requested the City permit the temporary private use of the certain portions of the Staging Property and the Court Street Transportation Center parking facility, all as shown on the Exhibit A, attached hereto and incorporated herein by this reference; and WHEREAS, the City of Iowa City, Iowa, is responsible for the care, supervision, and control of public property; and WHEREAS, the Public Works Director has reviewed the requested private use, and finds that the impacts on municipal functions will be manageable, and also finds that such temporary private uses is in the public interest; and WHEREAS, the Director of Transportation Services has reviewed the requested temporary private use of the Staging Area and the Court Street Transportation Center parking facility, and finds that with certain conditions to mitigate the loss of parking spaces in the Court Street Transportation Center, such request is reasonable. NOW, THEREFORE, IN MUTUAL CONSIDERATION OF THE PROMISES HEREIN, THE PARTIES HERETO AGREE AS FOLLOWS: 48 1. In consideration of the City's permission herein to temporarily close a portion of a City property during construction of the project detailed in the above-described Development Agreement, Developers agree to: a. secure the temporary easement area shown in Exhibit A against vehicular or pedestrian traffic by providing adequate pedestrian passage, adequate traffic control, by providing adequate signage, and by securing all open excavations from pedestrians, thereby ensuring public safety. 2. In consideration of Developers' promises herein, the City agrees to allow Developers to temporarily fence and close that area shown on Exhibit A pursuant to the limitations set forth in this easement agreement and the Agreement for Development. 3. Developers agree to provide, keep in place, and maintain in good working condition certain fencing and signage necessary to do the following: a. route pedestrians through or around the closed area as approved by the City during construction; b. provide adequate advance warning of such closure; and c. provide for the orderly and predictable movement of traffic. All signage shall be in accordance with the Federal Highway Administration Manual on Uniform Traffic Control Devices. 4. Developers shall be responsible for the removal, storage, and replacement of items located within the easement which could be damaged during the construction. Items include, but are not limited to, signage, parking gates, benches, bricks, planters, downspouts, lighting and electrical services. 5. Developers agree to indemnify, defend and hold the City harmless against any and all claims for bodily injury, death or property damage arising out of their actions and use of the public property under this Agreement, and those of their contractors, subcontractors, agents, employees and assigns specifically including any and all claims and/or liabilities which may be alleged against the City as a result of its decision to allow Developers to temporarily close a portion of public property described herein. Developers further agree to carry Class II liability insurance in the minimum amounts of $500,000 each occurrence, $1 million aggregate bodily injury, and $250,000 aggregate property damage with contractual liability coverage included. Developers shall furnish a certificate of insurance evidencing said valid insurance coverage to City, which certificate must be satisfactory to the City. Developers shall submit a certificate of insurance to the City prior to the commencement of construction. 6. If Developers fails to restore the easement area to the City's satisfaction as required in this Agreement, the City may restore the easement area, and the cost thereof shall be billed to M Developers for payment to City. Upon Developers' failure to pay said billing, the removal costs shall be certified to Johnson County as a statutory lien and assessed against the property and collected in the same manner as a property tax, as provided in Section 364.12(2)(e), Iowa Code (2017). 7. City and Developers agree this Temporary Agreement shall remain in effect until completion of the Project and restoration of the easement area pursuant to Section 6 herein, with an anticipated commencement and completion date as set forth in 2.4 of the Development Agreement described above. 8. Notwithstanding the above, Developers agree to cease and desist their temporary use and closure of the easement area and to remove any and all obstructions from said easement area in the event of a breach of this Agreement. 9. Developers acknowledge and agree that no property right is conferred by this grant of permission to use the easement area. 10. This Agreement shall constitute a covenant running with the land, and shall be binding upon and shall inure to the benefit of the respective heirs, successors in interest, and assigns of both parties. 11. This Agreement for Temporary Construction Easement shall be recorded in the Johnson County Recorder's Office, at Developers' expense. 50 NEUMANN MONSON ARCHITECTS NORTHWEST PERSPECTIVE P201 NEUMANN MONSON ARCHITECTS NORTH PERSPECTIVE P202 3'q �1 s il'lulh 911 � �I N III 1 . ,v ;✓Y, � ,�r SIV �, 114i1�P' III. 1` rM y 1�d rLC� ^W v � ut 1��pry yy L fi Ali 9y* rw .mow 3'Rd," `."Ar 1 ,.'y Ili IilI,,�IIIIjI�I'IjIII.N rx ♦ ,�'� � �.rs», ,�"i �.'k a3 � ry r I I' $ ti..♦� � I^ry i�"�� N' �+ S S. u1 p IlqIliJ II "' II -�. III fir 1 ^ lu 1N'il�d iU�"I,�u I �I �Gi� Iwatr.. .roq I III " til I III 4�IVuV wlB l"I CONI Vol .� I Y lolm�i � it I IN°I aal I �I o, °�QIIN' ryIII ''I � pl. p i IVIu I IVI IIII I I f l u I �VI��y,� RRR LYI IIII, q" — NINCi �i jl fa'��ilf Ill :1 AI I IItlHl Y ..IIII I I�h Si 7.. ly •_{y �. 7� Ir 4 •, f f. r: i� u PAFJMG COUNT com kc,r 15 APO A5 NEUMANN MONSON ARCHITECTS Pi00 FLOOR PLAN - LOWER LEVEL NEUMANN MONSON ARCHITECTS I c r._ -,I 36PI=l- f ■ — r ■ ■ e a:rn enn II u,n,xI W G=xAl W6 rW ■ IEltn£ mIon 1.0 arnwom Wn enac a axm on am aar ner lAM[HND J WV G M M — tnn tnn mn mane Wn Viz.= _ i�1 � sen an merv M1RatW6F RITE} V^ 20? -V O Pi 01 FLOOR PLAN -LEVEL ONE e r ■ r rzrm ao ee r ■ r e V^ 20? -V O Pi 01 FLOOR PLAN -LEVEL ONE n FOIFI.W: ms e �m e rn u�wntesxt ILdll n,aF LUC ■ NEUMANN MONSON ARCHITECTS P1 02 a:_e�tn�m�s ss.or FLOOR PLAN - LEVEL TWO oan_a,2at7 71 ma ma ma �sev ua NEUMANN MONSON ARCHITECTS P1 02 a:_e�tn�m�s ss.or FLOOR PLAN - LEVEL TWO oan_a,2at7 NEUMANN MONSON ARCHITECTS ii ER,ON MR s 16.vEC aerz�rzeii r=201-0 O P103 FLOOR PLAN - LEVELS THREE, FIVE, AND SIX I= Imw nno NEUMANN MONSON ARCHITECTS �..-0. O P104 11'ERONMUl ie.or. FLOOR PLAN- LEVEL FOUR nns NEUMANN MONSON ARCHITECTS i•_�� O PIGS FLOOR PLAN -LEVEL SEVEN TYPICAL RESIOMM UMT• 1 BEDROOM 7MCAL RESIDWRAL UW- 2 BEDROOM NEUMANN MONSON ARCHITECTS W-VIV` OP109-A :r 7MCAL RESIDWRAL UW- 2 BEDROOM NEUMANN MONSON ARCHITECTS W-VIV` OP109-A AMDENT t, war-rm: BEann0oM RERDENnA, mar-swx 9E0R00N NEUMANN MONSON ARCHITECTS u:UNYML° i^_.GSa ar.vzan EXHIBIT I TEMPORARY USE OF RIGHT-OF-WAY AGREEMENT This Agreement is made by and between , hereinafter "Developers" and the City of Iowa City, Iowa, a municipal corporation, hereinafter referred to as "City." WHEREAS, Developers are the fee owner of certain real estate addressed as 711 S. Gilbert Street, Iowa City, Iowa; and WHEREAS, Developers are undertaking construction of a hotel and mixed use building on the property, and have requested the right to install certain temporary intrusions into the public right- of-way; and WHEREAS, the City of Iowa City, Iowa is responsible for the care, supervision, and control of public right-of-way; and WHEREAS, the Department of Public Works has reviewed the proposed temporary use of the right-of-way, and finds the temporary use is not structural, is a minimal intrusion into the public right-of-way, and also finds that such temporary use is in the public interest. NOW, THEREFORE, IN MUTUAL CONSIDERATION OF THE PROMISES HEREIN, THE CHAUNCEY AND THE CITY AGREE AS FOLLOWS: 1. In consideration of the City's permission herein to temporarily use of that portion of City right-of-way for the Project described above, Developers agree to maintain adequate pedestrian passage, traffic control, and signage as may be necessary to reasonably ensure public safety. 2. In consideration of Developers' promises herein, the City agrees to allow Developers to temporarily use that portion of the right-of-way shown on the attached exhibit for the purpose of constructing the Minimum Improvements described in the Developer's Agreement executed by and among the parties hereto on or about , 2017, recorded in Book Page in the records of the Johnson County, Iowa Recorder's Office. Developers shall be responsible for the removal, storage, and replacement of items located within the right-of-way which could be damaged during the construction of such temporary uses. Items include, but are not limited to, downspouts, electrical services, signage and sidewalks. 4. Developers agree to indemnify, defend and hold the City harmless against any and all claims for bodily injury, death or property damage arising out of its actions and use of the public right-of-way under this agreement, and those of its contractors, subcontractors, agents, employees and assigns specifically including any and all claims and/or liabilities which may be alleged against the City as a result of its decision to allow Developers to 51 temporarily close a portion of right-of-way adjacent to their property as described herein. Developers further agree to carry Class II liability insurance in the minimum amounts of $500,000 each occurrence, $1 million aggregate bodily injury, and $250,000 aggregate property damage with contractual liability coverage included. Developers shall famish a certificate of insurance evidencing said valid insurance coverage to City, which certificate must be satisfactory to the City. Developers shall submit a certificate of insurance to the City prior to the commencement of construction of the temporary uses contemplated herein. After the construction is complete, Developers agrees to restore any and all portions of the right-of-way substantially to its original condition. If Developers fails to restore the right- of-way to the City's satisfaction as required in this paragraph, the City may restore the right-of-way, and the cost thereof shall be billed to Developers for payment to City. Upon Developers' failure to pay said billing, the removal costs shall be certified to Johnson County as a statutory lien and assessed against the property and collected in the same manner as a property tax, as provided in Section 364.12(2)(e), Iowa Code (2017). 6. Developers agree to cease and desist its temporary use and/or closure of the public right-of- way and to remove any and all obstructions from said rigbt-of-way at any time upon the occurrence of any one of the following events: a. a breach of this agreement; b, the use of the property changes and/or the temporary use of the public right-of-way is no longer needed or appropriate, as determined by the City; C. within thirty (30) calendar days after the City gives written notice of removal to Developers. 7. If Developers fail to remove any obstructions, barricades or signage from the public right- of-way as required in this agreement, the City may remove the obstructions, barricades or signage, and the cost thereof shall be billed to Developers for payment to City. Upon Developers' failure to pay said billing, the removal costs shall be certified to Johnson County as a statutory lien and assessed against the property and collected in the same manner as a property tax, as provided in Section 364.12(2)(e), Iowa Code (2017). 8. Developers acknowledge and agree that no property right is conferred by this grant of permission to use the public right-of-way; that the City is not empowered to grant a permanent use of its right-of-way for private purposes; 9. This Agreement shall constitute a covenant running with the land, and shall be binding upon and shall inure to the benefit of the respective heirs, successors in interest, and assigns of both parties. 52 10. This Agreement for Temporary Use of Public Right -of -Way shall be recorded in the Johnson County Recorder's Office, at Developers' expense. Dated this day of 20 CITY OF IOWA CITY DEVELOPERS By: Geoff Frain, City Manager Approved by: City Attorney's Office CITY ACKNOWLEDGMENT STATE OF IOWA ) JOHNSON COUNTY ) SS: On this _ day of , 20_, before me, the undersigned, a Notary Public in and for the State of Iowa, personally appeared Geoff Frain, to me personally known, and, who, being by me duly sworn, did say that he is the City Manager of the City of Iowa City, Iowa; that the foregoing instrument was signed on behalf of the City of Iowa City, by authority of its City Council, and that he acknowledged the execution of the instrument to be his voluntary act and deed and the voluntary act and deed of the City, by it voluntarily executed. Notary Public in and for the State of Iowa My commission expires: DEVELOPERS' ACKNOWLEDGMENT STATE OF IOWA JOHNSON COUNTY ss: This instrument was acknowledged before me on this day of _ 20_, by --and-, as members of Notary Public in and for the State of Iowa 53 EXHIBIT J AFFORDABLE HOUSING USE DEED RESTRICTION [If owner -occupied affordable housing, insert legal description of the specific units to be designated as "affordable housing ". ff affordable rental units, insert legal description of the entire property] 1. The above-described property is subject to affordable housing use restrictions set forth in Iowa City Code of Ordinances 14-2G-8 and an Agreement for Private Development, entered into on or about '2017 between City and recorded in _ Book, Page _ of the records of the Johnson County, Iowa Recorder. 2. The parties acknowledge that said Agreement is a covenant running with the land and with title to the land, and shall remain in full force and effect as a covenant with title to the land. The City is benefited by the above-described affordable housing use restrictions, and thus must approve any sale of the property upon its determination that the sale complies with the sale restrictions set forth in Iowa City Code of Ordinances 14 -2G -8D -2(d), as may be amended from time to time. 3. The above-described use restrictions terminate on from issuance of CO). 1f (20 years EXHIBIT K. WAGE THEFT AFFIDAVIT STATE OF IOWA ) ) as: JOHNSON COUNTY) 1, upon being duly sworn, state as follows: 1. I am the of ("Developer") and have the authority to execute this affidavit on behalf of said Developer and any person or entity with an ownership interest in said Developer of more than 25%. 2. Neither Developer nor any person or entity with an ownership interest of more than 25% of Developer has been adjudicated guilty or liable in any judicial or administrative proceeding of committing a repeated or willful violation of the Iowa Wage Payment Collection law, the Iowa Minimum Wage Act, the Federal Fair Labor Standards Act or any comparable state statute or local ordinance, which governs the payment of wages in the last 5 years. This instrument was acknowledged before me on this _ day of , by as of Notary Public in and for the State of Iowa 55 EXHIBIT L Iowa City Riverfront Crossings Affordable Housing Requirement Administrative Rules Adopted August 22, 2017 The Iowa City City Council adopted Ordinance 16-4668 on July 5, 2016 to establish an Affordable Housing Requirement in certain areas of the City. Those requirements are codified in Iowa City Code of Ordinances 14-2138. Pursuant to 14 -2G -8(I), the City Manager does hereby establish rules deemed necessary and not inconsistent with 14- 2G-8 to assure that the purposes of the Affordable Housing Requirements are accomplished. These Administrative Rules shall be placed on file with the City Clerk and made available on the City of Iowa City website. I. General Requirements Rezoning Upon rezoning property to a Riverfront Crossings zoning designation, the owner will be required to enter into an agreement with the City to indicate which method or methods it will use to achieve the affordable housing requirement. Typically this agreement will take the form of a conditional zoning agreement, which must be executed prior to the close of the public hearing on the rezoning. Subdivision Upon subdividing property in the Riverfront Crossings District, if there is no zoning agreement indicating the method or methods the owner will use to achieve the affordable housing requirements, such indication shall be made in the Developer's Agreement executed contemporaneously with the final plat approval. Building Permit Contemporaneously with an application for a building permit, an owner or developer shall complete the "Application Regarding Riverfront Crossings Affordable Housing Requirement", attached hereto as Exhibit A. This application shall be filed with Neighborhood Development Services (NDS) with the application for the building permit. NDS will process this application along with the building permit application, so that the building permit and an affordable housing agreement can be entered into contemporaneously. No building permit may be issued unless and until such an agreement has been executed. The agreement shall take a form substantially similar to that attached hereto as Exhibit B. The City Manager has the authority to execute this 56 agreement, which shall be recorded in the Johnson County Recorder's Office pursuant to 14 -2G -8(c). 11. On -Site Owner -Occupied Affordable Housing Determining Income The seller shall be responsible for determining the income of the prospective buyer's household to determine eligibility for the affordable owner -occupied units before closing on the sale. If the sale does not close within six months after the income -eligibility determination has been made, the seller must re-examine the homebuyer's income. The City's consent to the sale is required and will be granted upon the City's confirmation that the buyer's household is income eligible and the purchase price complies with the ordinance and these rules. At least 30 days prior to closing, after the seller determines that the buyer is income -eligible, the seller must submit the requisite income documentation to the Director of Neighborhood Development Services. The Director or designee will, within 5 business days of the submittal, review the documentation, request any necessary additional documentation, and confirm or deny the income -qualification determination This confirmation or denial will be in writing sent to the seller either via email or through the United States Postal Service at the seller's discretion. The seller and the City shall use the annual income definition set forth in the HUD Part 5, Section 8 regulations found at 24 CFR 5.609, as amended, to determine if the household is income -eligible. The Part 5 definition of income is the gross amount of income of all adult household members that is anticipated to be received during the coming 12 -month period. In performing its review of the income qualification, the seller shall submit a completed "Calculating Part 5 Annual Income' (Exhibit C) detailing the proposed buyer's income and shall provide the supporting documentation attached thereto. Income -eligibility must be documented with source documents such as wage statements (or three months of pay stubs), bank statements, letters from public assistance agencies that identify assistance amounts (Social Security, welfare assistance, etc.), and documentation of income received in periodic amounts such as from retirement funds or pensions. Exhibit D provides a comprehensive list of income that is included and excluded from the calculations of annual income under Part 5. There is no asset limitation for the household; however actual income from assets is recognized under the Part 5 definition, even if the household elects not to receive the income. For example, if a household elects to reinvest the interest or dividends from an asset, it is still counted as income. Median income is based on HUD's HOME income limits for the Iowa City, IA HUD Metro area, adjusted annually per household size (current limits identified in Exhibit F). Median income is based on household size. If a household consists of a parent and child, it is a 57 two person household. If two unrelated adults share a household, incomes from both must be included as they would be considered a two person household. If the homebuyer is a full-time student, the student is eligible if neither parent claims the student as a dependent on their state or federal taxes. Documentation from both parents must be submitted to verify, unless extenuating circumstances make such production impossible. Dwelling Unit Size and Quality The affordable dwelling units must be comparable to the market rate units of the same type. The affordable dwelling units shall be at least 80% of the floor area of the market rate units. The affordable housing dwelling units should have the same number of bedrooms and types of amenities as the market rate units, unless otherwise approved by the City Manager. Location The affordable housing units shall be distributed throughout the development to avoid concentration of units, unless a different distribution will result in the provision of additional affordable housing units. This may be approved on a case by case basis by the City Manager. Should the City Manager agree to allow the affordable units to be located together, a finding that such a concentration will result in the provision of additional affordable housing units should be set forth in the Affordable Housing Agreement. The additional affordable housing units created to allow this concentration will be subject to the same use restrictions as any other required affordable housing unit under 14-213-8. Sales Restrictions For newly -constructed owner -occupied affordable housing units, the 2017 maximum sale price is $214,000, regardless of the number of bedrooms, which is based upon the current HUD Homeownership Sales Price Limit for Johnson County. The maximum sale price for subsequent sales of an owner -occupied affordable housing unit during the term of affordability (established in 14-2G-8) shall not exceed the original purchase amount paid by the original homeowner or the HUD Homeownership Sales Price Limits for Johnson County, IA, adjusted annually, whichever is greater, except for those allowable expenses set forth in 14-2G-8D(2)(d). In all cases where an owner -occupied affordable housing unit is to be sold, the City must approve the purchase price and the determination that the buyer is income - eligible. The seller must submit any and all documentation supporting the sales price to the Director of NDS in a timely manner at least 30 days prior to closing in order for the City to analyze the information and properly consider the request prior to closing. In determining whether to approve a sale price, the City will consider the following:: EF] 1) "Customary closing costs and costs of sale to be those identified in the Iowa closing disclosure statement, such as title services, appraisal, recording and loan origination fees. 2) Permanent Capital Improvements. In cases where the homeowner has installed capital improvements, the value of these improvements, as documented by receipts and the building permit documents, may increase the sales price by the amount of the eligible improvement. A capital improvement increases your home's value, while a non -eligible repair returns something to its original condition. Replacing a countertop or bathroom feature would not be considered an eligible capital improvement. An example of a capital improvement would be the addition of a bathroom. At least 30 days prior to closing, the seller must submit the requisite documentation to support the sale price to the Director of NDS. The Director or designee will, within 5 business days of the submittal, review the documentation, request any necessary additional documentation, and confirm or deny the sale price. This confirmation or denial will be in writing sent to the seller either via email or through the United States Postal Service at the seller's discretion. Owners are cautioned about significant capital improvements as the home must be sold to an income eligible homebuyer under 910% of median income. If the price exceeds the maximum HUD Homeownership Sales Price Limit, the potential number of income eligible buyers may be reduced. 111. On-site Affordable Rental Housina The initial income qualification process for on-site affordable rental housing shall be the same process as set forth above for on-site owner -occupied affordable housing, except that an owner must review the income qualifications for tenants occupying designated affordable housing dwelling units annually to determine continued compliance. The reexamination shall be completed annually and before execution of a lease renewal. For lease renewals, the City will accept a copy of the most recent federal tax form (Form 1040) submitted by all adult members of the household, as income verification. If the tenant is no longer income eligible, notwithstanding the location requirement set forth in the Code and as approved by the Director of NDS, the next available unit with the same bedroom size or larger in the project property must be rented to an income eligible tenant. The property owner shall submit an Annual Tenant Housing Report (Exhibit E) for the designated affordable housing rental units. The report shall be submitted each January 30 for the preceding calendar year throughout the compliance period. At a minimum, the report shall include the name of the household, unit number/address, lease dates (most recent lease or renewal date), rent amount, number of bedrooms, size and 59 income of the household. Neighborhood Services staff shall verify compliance within 30 days and may request income documentation for all or a portion of the qualifying tenants. The property owner shall retain tenant income and rent for the most recent three years, until three years after the compliance period. Rental Rate The monthly rate for the affordable housing units shall not exceed the HOME Fair Market Rent, per applicable bedroom size, as published by HUD for the Iowa City, IA HUD metro area, as adjusted annually. These rents may be found online at www.icgov.org/aGtionplan under HOME Table of Income Guidelines and Fair Market Rent (2017 rents identified in Exhibit F). IV. Off -Site Affordable Dwelling Units or Dedication of Land If the owner desires to satisfy this obligation through off-site affordable housing or through the dedication of land, the owner must establish that it would be infeasible to provide the affordable units on-site or to provide a fee in lieu of the on-site units, as reasonably determined by the City. If the owner is able, to establish this, the City's determination must be reflected in the findings of the conditional zoning agreement. If the property is not subject to a conditional zoning agreement already establishing the method of achieving affordability and the owner desires to satisfy this obligation through off-site affordable housing or through the dedication of land, the owner must establish that it would be infeasible to provide the affordable units on-site or to provide a fee in lieu of the on-site units, as reasonably determined by the City. If the owner is able to establish this, the City's determination must be reflected in the findings of the affordable housing agreement. In reasonably determining whether an owner has established that providing the units on-site or paying the fee in lieu thereof is not feasible, the City will consider such factors as whether the cost of constructing the unit exceeds the current maximum sale price for affordable units, as set forth in the Code of Ordinances, and whether the common maintenance expenses each owner would be required to pay would be cost prohibitive for income -qualified households. The off-site affordable housing units may be satisfied by designating existing or newly constructed dwelling units in the Riverfront Crossings District, as defined in Iowa City Code 14-2G-2, as may be amended from time to time, as affordable dwelling units, subject to the use limitations set forth in 14-2G-8 and herein. V. Fee -in -Lieu Contribution .O As of July 5, 2016, the City Council adopted a resolution setting the fee at $80,872 per unit. The fee -in -lieu contribution shall be made prior to issuance of any building permit for the development for which affordable housing is required pursuant to City Code 14- 2G-8. A. Application Regarding Riverfront Crossing Affordable Housing Requirement B. Affordable Housing Agreement C. Calculating Part 5 Annual Income D. Income Inclusions and Exclusions E. Annual Tenant Housing Report Form F. Table of Income and Rent Limits 61 Calculating Part 6 Annual Income EX HIF aL—, CITY OF IOWA CITY 1. NDmQ; -- ASSETS Family Asset 1023crfptl�n , curmntCash - WV P-l—us A- ct ni 1in—c0 s from of Assets As5e.s —_AsfWjs ............................... X Signature of Agency Representative Name of Agency Determining Income for Household Household Income % of Median Income Maximum Income Limit of Household (See Affordable Housing Agreement): Circle: 60% 80% 110% INCOME ELIGIBLE: Circle: Yes No (Attach sUPPUffing IncOmS documentation to this form. Retaln for three years,) Date Revised 612712016 Income Inclusions and Exclusions 24 CFR 5.609(b) and (c) Examples included in parentheses have been added to the regulatory language for clarification. INCOME INCLUSIONS (1) The full amount before any payroll daductlons, of wages and salaries, overtime pay, commissions, fees, tips and bonuses, and other compensation for personal services; (2) The net Income from onerstim of a business or Profession. Expenditures for business expansion or amortization of capital Indebtedness shelf not be used as deductions in determining not Income. An allowance for depreciation of assets used in a business or profession may be deducted, based on straight line depreciation, as provided In Internal Revenue Service regulations. Any withdrawal of cash or assets from the operation of a business or profession will be Included In Income, except to the extent the withdrawal is reimbursement of cash or assets Invested In the operation by the family; (3) Interest divkienda and other not income at any kind from real or personal property. Expenditures for amortizallon of capital Indebtedness shall not be used as deductions In determining net Income. An allowance for depreciation Is permitted only as authorized in paragreph (2) above. Any withdrawal of cash or assets from an Investment will be included in income, except to the extent the withdrawal is reimbursement of cash or assets Invested by the family. Where the family has net family assets In excess of $5,000, annual Income shall include the greater of the actual Income derived from all net family assets or a percentage of the value of such assets based on the current passbook savings rate, as determined by HUD; (4) The full amount of periodic amounts recoived from social security, annuities, Insurance policies, retirement funds, pensions, disability, or death benefits, and other similar types of periodic receipts, Including a lump -sum amount or prospective monthly amounts for the delayed start of a "periodic amount (e.g.. Black Lung Sick benefits, Veterans Dleabiaty, Dependent Indemnity Compensation, payments to the widow of a serviceman killed in action). See paragraph (13) under Income Exciuslons for an exception to this paragraph;" (5) payments in Mau of earningssuch as unemployment, disability compensation, worker's compensation, and severance pay, except as provided in paragraph (3) under Income Exclusions; (S) WelfareAsalmance. (a) Welfare assistance received by the family, (b) If the welfare assistance payment includes an amount specifically des(gneted for shelter and utilities that is subject to adjustment by the welfare assistance agency In accordance with the actual cost of shelter and utilities, the amount of welfare assistance intone to be Included as HUD Occupancy Handbook 1 06107 Chapter 5; Determining Income 8 calculating Rem -0350,3 REV -1 Ct16-3� income shall consist of. (c) The amount of the allowance or grant exclusive of the amount specifically designated for shelter or utilities; plus (d) The maximum amount that the welfare assistance agency could In fact allow the family for shelter and utilities. If the family's welfare assistance Is ratably reduced from the standard of need by applying a percentage, the amount calculated under this paragraph shall be the amount resulting from one application of the percentage. (7) fPdodlc and determinable allowances, such as alimony and child support payments, and regularr contributions or gifts received from organizations or from persons not residing in the dwelling; and (8) All regular oay, sneclal oav and allowances of a member of the Armed Forces, except as provided In paragraph (7) under Income Exclusions. (9) For Section 8 programs only and as provided In 24 CFR 5.612, any financial assistance, in excess of amounts received for tuition, that an individual receives under the Higher Education Act of 1985 (20 U.S.C, 1001 at seq.), from private sources, or from an Institution of higher education (as defined under the Higher Education Act of 1965 (20 U.S.C. 1002)), shall be considered income to that Individual, except that financial assistance described in this paragraph is not considered annual Income for persons over the age of 23 with dependent children. For purposes of this paragraph 'financial assistance" does not include loan proceeds for the purpose of determining income. "(Note: This paragraph also does not apply to a student who is living with his/her parents who are applying for or receiving Section 8 assistance.)' INCOME EXLCUSIONS: (1) Income from employment of children (Including foster children) under the age of 18 years; (2) Payments received for the care of faster children or foster adults (usually parsons with disabilities unrelated to the tenant family, who are unable to live alone); (3) Lump -sum additions to family assets, such as Inheritances, Insurance payments (including payments under health and accident insurance and worker's compensation), capital gains, and settlement for personal or property losses, except as provided in paragraph (5) under Income Inclusions; (4) Amounts received by the famlly that are specifically for, or in reimbursement of, the cost of medical expenses for any family member; (5) Income of a live -In aide, as defined in 24 CFR 5.403; (6) The full amount of student financial assistance paid directly to the student or to the educational Institution (see Income Inclusions (9), above, for students receiving Section 8 assistance); (7) The special pay to a family member serving In the Armed Forces who Is exposed to hostile fire (e.g,, in the past, special pay included Operation Desert Storm); (e) (a) Amounts received under training programs funded by HUD (e.g., training received under Section 3); HUD Occupancy Handboch Chapter 5: Delermining Income $ Celeule5ng Rent 435 Rtv-1._..� (b) Amounts received by a person With a disability Chet are disregarded for a limited time for Purposes of supplemental security income eligibility and benefits because they are sat -aside for use under a Plan to Attain Self-Suhldency (PASS); (c) Amounts received by a participant in other publicly assisted programs that are specifically for or In reimbursement of out-of-peoket expenses incurred (special equipment, clothing, transportation, child care, etc.) and which are made solely to allow participation In a specific program; (d) Amounts received under a resident service stipend. A resident service stipend is a modest amount (not to exceed $200 per month) received by a resident for performing a service for the owner, on a part-time basis, that enhances the quality of life in the project. Such services may Include, but are not Ilmlled to, fire patrol, hail monitoring, lawn maintenance, and resident. initiative coordination. No resident may receive more than one such stipend during the same period of time; or (e) Incremerdal earnings and benefits resulting to any family member from Participation in qualifying state or local employment training Programs (ncluding training programs not affiliated With a local government) and training of a family member as a resident management staff peraon. Amounts excluded by this provision must be received under employment training programs with clearly deflned goals and objectives, and are excluded only for the period during which the family member participates in the employment training program. (D) Temporary, nonrecurring, or sporadic income (including gifts); (10) Reparation payments paid by a foreign government pursuant to claims filed under the laws of that government by persons who were persecuted during the Nazi era. (Examples include payments by the German and Japanese governments for atrocittas committed during the Nazi era); (11) Earnings in excess of $480 for each full-time student 18 years or older (excluding the head of household and spouse); (12) Adoption assistance payments In excess of $480 per adopted child; (13) Deferred periodic amounts from supplemental security Income and social security benefits that are received in a lump -sum amount or In prospective monthly amounts; (14) Amounts received by the family in the fort of refunds or rebates under state or local law for property taxes paid on the dwelling unit; (16) Amounts paid by a state agency to a family with a member who has a developmental disability and Is living at home to offset the cost of services and equipment needed to keep the developmentally disabled family member at home; or (16) Amounts specifically excluded by any other federal statute from consideration as income for purposes of determining eligibility or benefits under a category of assistance programs that includes assistance under any program to which the exclusions set forth In 24 CFR 6.6D9(c) apply. A notice will be published in the Federal Registerand distributed to housing owners Identifying the benefits that qualify for this exclusion. Updates will be published and distributed when necessary. HUD Occupancy Handbook 3 — Chapter 6: Delermininp Income & Calculating Rent The following is a list of income sources that quality for that excluslon: (a) The value of the allotment provided to an eligible household under the Food Stamp Act of 1977 (7 U.S.C. 2017 [b)); (b) Payments to Volunteers under the Domestic Volunteer Services Act of 1973 (42 U.S.C. 5044(g), 5058) (employment through AmeriCorps, Volunteers In Service to America (VISTA), Retired Senior Volunteer Program, Foster Grandparents Program, youthful offender Incarceration alternatives, senior companions); (o) Payments received under the Alaska Native Claims Settlement Act (43 U.S.C. 1626[cll (d) Income derived from certain submarginal land of the United States that is held In trust for certain Indian tribes (25 U.S.C. 459a); (a) Payments or allowances made under the Department of Health and Human Services' Low -Income Home Energy Assistance Program (42 U.S.C. 8824[@); (f) Payments received under programs funded in whole or in part under the Job Training Partnership Act (29 U.S.C. 1552[b); (effective July 1, 2000, references to Job Training Partnership Act shall be deemed to refer to the corrasponding provision of the Workforce Investment Act of 1898 [29 U.S.C. 29311, e.g., employment and training programs for Native Americans and migrant and seasonal farm workers, Job Corps, veterans employment programs, state Job training programa, career Intem programs, Americorps); (g) Income derived from the disposition of funds to the Grand River Band of Otlawe Indians (Pub. L- 94-540, 90 Stat. 2503-04); (h) The first $2,000 of per cophs shares received from judgment funds awarded by the Indian Claims Commission or the U. S. Claims Court and the interests of Individual Indians in (rust or restricted lands, Including the first $2,000 per year of Income received by individual Indians from funds derived from interests hold in such trust or restricted lands (25 U.S.C. 1407-1408); (1) Amounts of scholarships funded underfitle IV of the Higher Education Act of 1985, Including awards under federal work-study programa or under the Bureau of Indian Affairs student assistance programs (20 U.S,C. 1087uu); (J) Payments received from programs funded under Title V of the Older Americans Act of 1985 (42 U.S.C. 30581t)), e.g., Green Thumb, Senior Aides, OlderAmerican Community Service Employment Program; (k) Payments received on or after January 1, 1989, from the Agent Orange Settlement Fund or any other fund established pursuant to the settlement in In Re Agent product liability litigation, M.D,L. No. 381 (E.D.N.Y.); (1) Payments received under the Maine Indian Claims Settlement Act of 1980 (25 U.S.C. 1721); (m) The value of any child care provided or arranged (or any amount received as payment for such care or reimbursement for costs incurred for such care) under the Child Care and Development Block Grant Act of 1990 (42 U.S.C, 9858q); (n) Earned income tax credit (FITC) refund payments received on or after January 1, 1991, Including advanced earned Income credit payments (26 U.S.C. 32[1)); (o) Payments by the Indian Claims Commission to the Confederated Tribes and Bands of Yakima Indian Nation or the Apache Tribe of Mescalero Reservation (Pub. L. 95.433); (p) Allowances, earnings, and payments to AmedCorps participants under the National and Community Service Act of 1990 (42 U.S.C. 12637[d]); NUD Occupancy Handbook4 _----_._ r15107 Chapter 5: Determining lncome & Ceiculating Renl 4;Sn.3 REV -1 (q) Any allowanca paid under the provisions of 38 U.S.C. 1805 to a child suffering from spina blflda who is the child of a Vietnem veteran (38 U.S.C. 1805); (r) Any amount of crlrrte VIc9m compensation (under the Victims of Crime Act) received through crime victim assistance (or payment or reimbursement of the cost of such assistance) as determined under the Vktlms of Crime Act because of the commission of a crime against the applicant under the Victims of Crime Act (42 U,S.C. 1D502); and (s) Allowances. earnings and payments to individuals participating In programs under the Workforce Investment Act of 1098 (29 U.S.C. 2931), HU4 Occupancy Irving ImC g 0eIe7 Chapl9r 5: Oetermining Income $ Calculating Rent Annual Tenant Housing Report Form— Due Jeneary3efa Pmcadtng alendaryear Name, Phone Number 8 Email of Person Completing Form. Property Address anted Coveted: January 1.2e17 to Deceniber 91, 20t7 . Property OMMr: Required Number of Unua perordrnanea: u xdk;.. +- AN feat Ramo or Ceem wx �._ TaGd % 5 oT Ffovaehotd 9fmtfltrroeraf Leaaa Laaaa F.aplmt€an Data UnftA Bdnns rRaMly 6lodfan lnccma (allmemMm) I certify that t%iaformation above is, to the best of my knowledge and belief trao, torted and completm I em aware that the the City of Iowa City. iafoanadon being Provided is sabjeat to verification by Name (pziat) Signnhae Data Zachary Davelaar From: Zachary Davelaar Sent: Tuesday, September 19, 2017 3:37 PM To: 'Julia Ware' Subject: FW: II property Ins for 2016 Attachments: 2016-06-15 a -filed Claim in Probate - Bank of America.PDF, 2016-06-03 Claim in Probate - Verizon Wireless.PDF Julia, Were you able to contact Bank of America and Verizon Wireless in order to pay these two claims of the estate? We need to have them released before we can close the estate. Please let me know if you have any questions or need assistance. Thank you, Zach Zachary R. Davelaar KENNEDY, CRUISE, FREY & GELNER, L.L.P. 920 S. Dubuque Street P.O. Box 2000 Iowa City, IA 52244 (319)351-8181 (319) 351-0605 (fax) NOTICE: Because e-mail messages sent between you and Kennedy, Cruise, Frey & Gelner, L.L.P. are transmitted over the Internet, neither Kennedy, Cruise, Frey & Gelner, L.L.P. nor its employees can ensure that such messages are secure. You should be careful in transmitting information to Kennedy, Cruise, Frey & Gelner, L.L.P. that you consider confidential. If you are uncomfortable with such risks, you may decide not to use e-mail to communicate with individuals at Kennedy, Cruise, Frey & Gelner, L.L.P. This message is covered by the Electronic Communication Privacy Act, 18 U.S.C. Sections 2510-2515, is intended only for the use of the person to whom it is addressed and may contain information that is confidential and subject to the attorney-client privilege. It should also not be forwarded to anyone else. If you received this message and you are not the addressee, you have received this message in error. Please notify the person sending the message and destroy your copy. Thank you. -----Original Message ----- From: Zachary Davelaar Sent: Thursday, June 22, 2017 2:24 PM To: 'Julia Ware' <imjuliaware@yahoo.com> Subject: RE: II property Ins for 2016 Julia, Thank you for sending me these documents. Additionally, I have attached the Bank of America and Verizon claims that need to be paid. I received a call from Kate McCall with Bank of America requesting an update on the estate. You can reach her at 1-888-221-4299 for directions on where to send the payment and request a Release. You can contact DCM Services at 1-866-591-3253 to pay the Verizon Wireless claim and request a Release. Please let me know once these two claims and the Toyota claim have been paid. If you need any assistance with contacting these companies, I would be more than happy to help. Thank you, Zach Zachary R. Davelaar KENNEDY, CRUISE, FREY & GELNER, L.L.P. 920 S. Dubuque Street P.O. Box 2000 Iowa City, IA 52244 (319)351-8181 (319) 351-0605 (fax) NOTICE: Because e-mail messages sent between you and Kennedy, Cruise, Frey & Gelner, L.L.P. are transmitted over the Internet, neither Kennedy, Cruise, Frey & Gelner, L.L.P. nor its employees can ensure that such messages are secure. You should be careful in transmitting information to Kennedy, Cruise, Frey & Gelner, L.L.P. that you consider confidential. If you are uncomfortable with such risks, you may decide not to use e-mail to communicate with individuals at Kennedy, Cruise, Frey & Gelner, L.L.P. This message is covered by the Electronic Communication Privacy Act, 18 U.S.C. Sections 2510-2515, is intended only for the use of the person to whom it is addressed and may contain information that is confidential and subject to the attorney-client privilege. It should also not be forwarded to anyone else. If you received this message and you are not the addressee, you have received this message in error. Please notify the person sending the message and destroy your copy. Thank you. -----Original Message ----- From: Julia Ware [mailto:imjuliaware@yahoo.com] Sent: Thursday, June 22, 2017 12:57 PM To: Zachary Davelaar<ZDavelaar@kcfglaw.com> Subject: If property Ins for 2016 CITY OF 1 O WA CITM COUNCIL ACTION REPOR September 19, 2017 Resolution approving an agreement for private redevelopment by and between the city of Iowa city, Iowa, and Hieronymi partnership, L.L.P., Hieronymus Square Developers, L.L.C., Iowa City ES hotel, L.L.C., and HS314, L.L.C. Prepared By: Wendy Ford, Economic Development Coordinator Reviewed By: Simon Andrew, Assistant to the City Manager Fiscal Impact: $8,000,000 in tax increment financing rebates Recommendations: Staff: Approval Commission: Economic Development Committee Attachments: 1. Hieronymus Square Request for TIF: Hieronymus Square — A Dynamic Mixed Use Complex 2. NDC financial review memorandum 3. Resolution Executive Summary: Members of the Hieronymus family have owned the southeast corner of Burlington and Clinton Streets for decades. After years of planning, they have partnered with local developers and are proposing a $40 million mixed use development for the site and have requested gap financing with tax increment financing (TIF) in the amount of $8 million. The City Council EDC (Economic Development Committee) reviewed the project at their July 21, 2017 meeting and unanimously recommended approval. Background / Analysis: About a year ago, developers began revising a plan that had been contemplated years earlier. The new plan consists of two distinct buildings joined by a common entry vestibule. The building at the corner of Burlington and Clinton is a 7 -story mixed use building with retail space on the ground floor, Class A office space on the second floor and five floors with a total of 45 residential units on levels three through seven. TIF Policy requires that the developer provide 15% of the total number of residential units (7, in this case) as affordable housing units to income qualified people at or below 60% of the area median income (AMI). TIF policy provides an option for the developer to provide the affordable housing units on-site, off-site or by contributing a fee -in -lieu of providing the units. The Development Agreement for Hieronymus Square requires a minimum of two units be on-site and that the remaining five be satisfied by either providing them on-site or by paying the fee -in - lieu of $80,872 per unit. The second building, a 91 -room, 7 -story hotel lies parallel to and south of the first building. It is connected to the first building by a vestibule that will serve as the entry way to and offer a r 1 CITY OF IOWA CITY COUNCIL ACTION REPORT common area for both buildings including a connection to the Court Street Transportation Center (CTSC) to the east. The vestibule between the buildings will serve as the entry point for the residential building on the north and the hotel building on the south. The mail room and elevators for the residential units, and the lobby, reception, hotel elevators and breakfast area will be just inside and on either side of the entry way vestibule. At the east end of the lobby area, a stairway and another elevator will connect the buildings to the CSTC to the east. The second level of the common vestibule will include an indoor pool, upper and lower terraces, and an indoor fitness area. The skywalk and the underground connections to the CTSC will require separate agreements and FTA (Federal Transit Authority) approval. On the vestibule rooftop will be a two level outdoor terrace. The development agreement allows for the City Manager to approve minor deviations in the number of residential units, the unit mix and the number of hotel rooms upon determining any deviations do not constitute significant changes to the scope or scale of the Minimum Improvements. The hotel will fly the Element Hotel flag, a Marriott/Starwood company extended -stay property, and be the first of its kind in Iowa City. The 91 rooms in the Element will all be equipped with kitchenettes and be especially designed to appeal to the extended -stay market. All required residential parking will be in a basement level garage accessible through the CSTC. Hotel parking will be accommodated in the CSTC with an agreement between the City and the hotel similar to those of the Sheraton, Hotel Vetro, and the Hilton Garden Inn hotels. Financial Analysis The City contracts with the non-profit National Development Council (NDC) to review and assist in the financial analysis of proposed TIF development projects. Karen Garritson, an NDC Director, led the financial analysis of the proposed project and has submitted a memo detailing her review (attached). In summary, total development costs for the project are $40.75 million of which $5 million is land acquisition, $28 million is construction, and the remaining are soft costs, interest, fees and furnishings. The cost breakdowns are further detailed in the developer's Request for TIF and in Ms. Garritson's memo, attached. Sources of funding the project include bank loans totaling $22.4 million, developer's equity of $10.3 million, and the City's gap financing of $8 million. City Financial Assistance The City's financial analysis examines all project costs and all financing sources for a project, with special scrutiny on the developer's return. With a focus on developer equity and the maximization of project debt, the evaluation process aims to ensure that if public financing is used, that it may fill a financial gap but that it may not allow undue enrichment to the developer. Various measures including project development costs, financial pro -formas, written evaluation reports, market analyses, and others are used to evaluate the use of economic incentives. 'r 1 CITY OF IOWA CITY COUNCIL ACTION REPORT Each of the two components of Hieronymus Square demonstrated a financial gap after maximizing commercial financing and meeting developer equity requirements of being at least as much as the gap financing. Because the City strongly prefers to use TIF rebates, as opposed to providing up -front cash, developers have to finance the gap by taking on a "TIF loan" to be serviced by future TIF rebates. Correspondingly, the gap grows by the cost of financing the TIF loan. Combined, the $40 million Hieronymus Square development demonstrates a total gap of $8 million. For the 7 -story mixed use building, the gap is $2.4 million, plus $1 million in interest for a total of $3.5 million. For the Element Hotel, the gap is $2.73 million, plus $1.17 in interest for a total of $3.9 million. The remaining $600,000 of financial gap is proposed to be granted as a TIF advance, after completion of the minimum improvements detailed in Exhibit B in the Development Agreement. The $600,000 helps to reduce interest costs and will help with early project cash flow due to the lag -time before rebates commence in 2022. City risk is minimized because construction will be complete before the advance is given. Recommendation The project meets several goals and objectives set forth in the Council's Strategic Plan. Among those, it does the following: • Helps the City maintain a solid financial foundation by adding approximately $22 million in valuation to the tax base and by generating new hotel taxes averaging more than a $250,000 per year or $3.8 million over the first 15 years; • Promotes a strong and resilient economy by adding retail, office and residential users to a prime corner in downtown Iowa City at the mid -point between Downtown and Riverfront Crossings; • Fosters a healthy neighborhood by improving a blighted property on the busiest corner downtown; • Encourages a vibrant and walkable urban core by the addition of storefront windows, the additional set back requirement to expand the sidewalk, and thus walkability, along this section of state highway/Burlington Street; the addition of market rate and affordable residential units to downtown; and finally, • Promotes environmental sustainability by deploying roof -mounted solar panels and generating approximately 38,000 Kwh per year of its own power, thereby helping to reduce carbon emissions. The EDC and Staff recommend approval. Kellie Fruehling From: Sent: To: Subject: Attachments: Martha Norbeck <martha norbeck@hotmail.com> Monday, September 18, 2017 8:45 AM Council Late Handouts Distributed Proposed TIF agreement for Hotel Hotel TIF and Energy Use_9.18.17.pdf Please refer to the attached letter. Thank you, Martha Norbeck `1llx�lt (Date) FROM: Martha Norbeck, AIA, LEED AP RE: Item 8, Mixed Use Development - Resolution approving an agreement for private redevelopment by and between the City of Iowa City, Iowa, and Hieronymi Partnership, L.L.P., Hieronymus Square Developers, L.L.C., Iowa City ES Hotel, L.L.C., and HS314, L.L.C.. DATE: September 18, 2017 Dear Members of Council, The developer has proposed to pursue Gold level Certification under the Green Seal for Hotels Standard (GS -33). I am pleased to see the hotel has committed to pursue this certification. Please note that the standard is a menu of options and it is possible to choose a selection of options which are not as rigorous as the council might infer. I do not know the owners specific intentions. I bring this to your attention so you may ask informed questions regarding their intent for minimizing energy consumption. I recommend the city staff and the council to confirm that the developer intends to incorporate rigorous energy efficiency measures before finalizing the developer agreement. Solar Panels The 38,000 kwh annual contribution in solar panels will offset about 3-5% of the total annual energy use for a building this size - so while I applaud all solar panels, the actual value of the solar to the overall carbon footprint is minimal. Energy efficiency will provide much greater value for less cost. These are the minimum requirements regarding building energy use. • 2.1 Maintain a list of energy consuming devices • 2.2 Indoor lighting shall be energy efficient • 2.3 Maintain preventative maintenance for HVAC systems • 2.4 Timers/sensors used on lighting and HVAC in low occupancy areas. This is not exactly a high bar for efficiency. However, at the gold level, additional parameters are defined. ADDITIONAL MEASURES FOR GOLD In addition, for Gold Level Green Seal for Hotels (GS -33) The property shall meet at least 3 of the following requirements (sections 2.7.1- 2.7.8). ThaYs three of the following items — it is possible to choose none that relate to building energy use. 2.7.1 Energy Reduction The property shall • set substantive, meaningful goals for energy reduction OR • be an ENERGY STAR Leader, or equivalent. 2.7.2 Management of Resource use 2.7.2.1 The property shall track its energy consumption (electricity, natural gas, fuel, etc.), potable water consumption, and the amounts of waste collected for disposal/incineration and for recycling. 2.7.2.2 Monthly bills shall be tracked with the ENERGY STAR Portfolio Manager, or an equivalent resource management or documentation system (e.g., utility software or Excel spreadsheet) that: 1. tracks costs, total consumption, and Resource Use Intensity; 2. benchmarks these factors relative to past performance (normalized for sales volume); 3. determines percent improvement or savings in energy, water, and generation of waste. 2.7.2.3 These impacts shall be reviewed at least annually, with appropriate goals set for continuous improvement. 2.7.3 Sustainable Building The property shall be certified by a nationally -recognized green building certification program. ME • register for and actively be in the process of achieving a nationally -recognized green building certification program. 2.7.4 Renewable Energy The property shall • use renewable energy for at least 25% of its needs, either via onsite production or certified Renewable Energy Certificates. RN • be certified through the Center for Resource Solutions' Green -e Marketplace program or is a Partner in the EPA's Green Power Leadership Club. 2.7.5 Greenhouse Gas Emissions The property shall • offset greenhouse gases through partnerships or certified carbon offsets to compensate for all Scope 1 & Scope 2 greenhouse gases emitted within the property, following the UNFCCC reporting guidelines. AND • maintain an active program to reduce its greenhouse gas emissions. 2.7.6 Waste Reduction: The property shall reuse, recycle, or compost 60% of its solid waste, thus diverting it from landfills and incinerators. 2.7.7 Green Cleaning: The cleaning services on the property shall meet the requirements In the Green Seal Environmental Standard for Cleaning Services (GS -42 )22, or are certified to that standard. 2.7.8 Water Conservation: The property shall meter and monitor its water consumption. I recommend the city staff and the council to confirm that the developer intends to incorporate rigorous energy efficiency measures before finalizing the developer agreement. Sincerely, Martha Norbeck, AIA, LEED AP 906 S 7th Ave, Iowa City, IA 52240 310.621.4168 norbeck@cwise.com Late Handouts Distributed �} 9// 9 -7 (Date) Hieronymus Square Developers L.L.C. Presents Hieronymus Square — A Dynamic Mixed Use Complex Hieronymus Square Developers L.L.C. The Site: The location for the Hieronymus Square project site is at 314 S. Clinton St. The site is currently a vacant lot at the southeast quadrant at the intersection of Burlington and Clinton Streets adjacent to the Hilton Garden Inn and directly across from the University of Iowa's new School of Music. Project Overview: This project is under development by Hieronymus Square Developers L.L.C. (the developer) which is a joint venture between Iowa City ES Hotels L.L.C. and HS 314, L.L.C. The project consists of two adjoined 7 story towers. Tower #1 to be owned by HS 314, L.L.C. will feature a mixed-use building of commercial space, professional office space, residential condominiums and underground parking. The 2°d tower will be owned by Iowa City ES Hotels L.L.C. will be an all -suite Marriott branded 92 unit extended stay hotel called Element by Westin. Both Towers will share an expansive 2°a floor outdoor patio space between the buildings that will offer outdoor amenity space for both hotel guests and residents including swimming pool, seating area and fitness center. Additionally, the expansive space will also be able to hold outdoor events. The developer believes this project will be successful due to its outstanding location and diverse mix of users. With the site serving as an anchor corner to the key intersection of Burlington and Clinton and as a gateway to Riverfront Crossings. Additionaly the sites proximity to the U of I campus and UI Hospitals & clinics the Element will meet the extended stay hotel demand downtown. Hieronymus Square Developers L.L.C. Building Program: Floor Sq. ft. Rooms Mixed Use 7 11,150 9 Condo 6 11,150 9 Condo 5 11,150 9 Condo 4 11,150 9 Condo 3 11,150 9 Condo 2 10,600 Class A Office 1 9,805 Commercial 0 27,974 Parking Total Sq. Ft. / Units 104,129 45 Total Units Element Hotel (upscale extended stay) 7 8,574 15 Hotel 6 8,574 16 Hotel 5 8,574 16 Hotel 4 8,574 15 Hotel 3 8,574 15 Hotel 2 17,140 15 Hotel 1 14,528 Hotel/Lobby Total Sq. Ft./Units 74,538 92 Total Units Common Areas 2 5,500 Patio 1 2,500 Shared lobby entry Total Sq. Ft. 8,000 Mixed Use Total: 104,129 Hotel Total: 74,538 Common Areas: 8,000 Total: 186,667 3 Hieronymus Square Developers L.L.C. Basement: C! Hieronymus Square Developers L.L.C. First Floor (Hotel in lower half of plan): a1w fillX NOW � � Lam_-_---� ■ �+� IICt .6M YIY F y'. WMNG GEL Clld.N .IIX IXX � M N Z✓X 6! X! ■ . MIIIII.II® IIGX LgILE O.q N31Nf' av a� v w.E ar am Sam X a0! s MW L.X WN OY W EL Eam �mX wi¢ wvwr 5 i �+� IICt .6M YIY EL Eam �mX wi¢ wvwr 5 Hieronymus Square Developers L.L.C. Second Floor (Hotel in lower half of plan): 9 Hieronymus Square Developers L.L.C. Typical Floors (3-7) (Hotel in Pink): STD KING ISTUDIO KING I STD KING I IR SUITE I STUDIO KING ISTD KING I STD KING I STD KING I STD KING STD KING J HOTEL CIRC STUDIO KING KING I STD KING I STD KING W� STUDIO KINGI STD 7 Hieronymus Square Developers L.L.C. Section North South (Hotel in Pink): Hieronymus Square Developers L.L.C. Site/Location: The site for the project is an exceptional location in the heart of downtown Iowa City directly adjacent to the University of Iowa campus. Dining, entertainment and culture are only steps away with the downtown district next door featuring a diverse group of restaurants, bars and retail shops. The diverse mixed use complex of two towers will be a highly visible fixture at the hallmark intersection of Burlington and Clinton streets. The site is immediately across the street from the University of Iowa's new $152 million School of Music that recently opened in August of 2016. The new School of Music building, houses a 700 -seat concert hall, a 200 -seat recital hall, an organ performance hall, a music library, rehearsal and practice rooms, classrooms, a faculty studio and administrative offices. http://music.uiowa.edu/building/building-construction#overlav- context=Buildine/. The high-profile intersection will have significant synergies with the Hieronymus square facilities. They will help uniquely define the complex as a destination and provide an added energy and sense of place to the corner of Burlington and Clinton Streets. V Hieronymus Square Developers L.L.C. Element Brand Information and Facilities: The hospitality tower proposed for development is a 7 -story, concrete and wood- framed constructed, 92 -unit, Element by Westin (recently acquired by Marriott and now part of Marriott family of brands) extended stay hotel. Amenities will include an expansive lobby, free breakfast/aftemoon reception area, expanded fitness room, indoor pool, outdoor patio and a full kitchen in each room. As of year-end 2016, there were 30 Elements open and many more proceeding in development due to Marriott's acquisition of Starwood. *SEE attached Element Information Packet* Element is an upscale extended stay brand within the Marriott franchise `family' of hotel brands. Marriott International, Inc. (NASDAQ: MAR) is the world's largest hotel company based in Bethesda, Maryland, USA, with over 6,000 properties in more than 120 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts. The company's 30 leading brands include: Bulgari®, The Ritz-Carlton® and The Ritz-Carlton Reserve®, St. Regis®, W®, EDITION®, JW Marriott®, The Luxury Collection% Marriott Hotels®, Westin®, Le Meridien®, Renaissance® Hotels, Sheraton% Delta Hotels by MarriottsM, Marriott Executive Apartments®, Marriott Vacation Club®, Autograph Collection® Hotels, Tribute PortfolioTM, Design HotelsTM, Gaylord Hotels®, Courtyard®, Four Points® by Sheraton, SpringHill Suites®, Fairfield Inn & Suites®, Residence Inn®, TownePlace Suites®, AC Hotels by Marriott®, Aloft®, Element®, Moxy® Hotels, and Protea Hotels by Marriott& The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. The Element brand is targeting travel savvy, value -wise extended -stay guests, within an `edgy', mid -scale brand offering and price point. Given the wide acceptance of the various Marriott brands and even more so Element's position in the thriving extended stay upscale segment, the proposed Element is projected to be a market leader among the hotels in the Iowa City marketplace. We anticipate the Element hotel to be a clear first choice for extended stay guests as well for many Marriott loyal travel -savvy extended stay guests, who prefer the look, ambiance and amenities, for a customized guest experience. Considering all the current hotels in Iowa City/Coralville the Element will have a competitive advantage with the extended -stay travelers due to its extended stay focus while the more traditional higher rated, transient and leisure business and general Marriott rewards guest will also be attracted to the offering as well. These factors indicate a premium performance compared to competitor hotels in the area. The `Marriott' name, its worldwide reservation system, and the Marriott Rewards frequent guest stay program will help to drive a premium occupancy and average daily rate in both the commercial and leisure demand segments in the Iowa City hotel market. Recently Marriott already the leader in lodging worldwide acquired Starwood Hotels & Resorts a major competitor. Combined the two companies create the largest lodging platform worldwide and add to the compelling value a Marriott branded hotel will provide in the Iowa City marketplace. 10 Hieronymus Square Developers L.L.C. In conclusion, given the wide acceptance of the Marriott brand platform nationally and the extended stay hotel business model the proposed Element is projected to be a market leader. We anticipate the hotel to be a clear first choice for extended stay customers who prefer the look, ambiance, amenities, size and quality of a modern all Suites hotel. The well-established Marriott platform and its worldwide reservation system combined with the new and fresh Element brand will support a premium market share for the planned hotel. Hieronymus Square Developers L.L.C. 12 Hieronymus Square Developers L.L.C. Element Hotel Pictures: Kinseth Hospitality Background Kinseth Hospitality Companies is a leading Midwest hospitality development & management company headquartered locally in North Liberty, Iowa. With a large and diverse portfolio of over 70 hotels, Kinseth offers an approachable, hands-on style of management. Kinseth is a preferred hospitality company by guests, franchises, hotel owners and lenders. Kinseth is committed to providing clients with many proven operational systems in all facets of the hospitality business from hotel development to daily hotel management systems and services. Staffed in all areas of hotel management and development, Kinseth has an assembled an experienced team of hospitality professionals who continually support property level managers to benchmark performance against major competitors, maximize quality, market share and profitability. Kinseth's extensive background, coupled with a seasoned executive team fosters a culture that is oriented toward success. 13 Hieronymus Square Developers L.L.C. Kinseth Hospitality Companies Hotel Development Services Kinseth Hospitality Companies is a leader in hotel development with a detailed understanding and successful track record of developing award-winning hospitality assets. From the construction of new hotels, restaurant and conference center\ to the re -conception and renovation of existing properties, Kinseth is determined to maximize return and enhance the value of hospitality assets. Kinseth offers a thorough blend of hotel development services including customize programs based on client needs. Kinseth services include: • Turnkey Hotel Development Project Management • Hotel Brand Selection, Plan Review & Concept Development • Purchasing Furniture, Fixtures & Equipment • Installing FF&E • Hotel Property Acquisition • Coordination of Licenses, Permits & Code Compliance • In-house Development • Hotel Construction Services • Hotel Renovation Services Similar projects completed: • Homewood Suites, West Des Moines, IA • Homewood Suites, Ankeny, IA • Residence Inn, Lincoln, NE • Homewood Suites Downtown Milwaukee, WI (opening summer 2017) Full List of Hotel's Kinseth Has Developed: Hotel Hilton Garden Inn & Rooftop Home2 Suites by Hilton Hampton Inn & Suites Courtyard by Marriott & Conference Center Home2 Suites Hampton Inn & Suites Hampton Inn & Suites Hampton Inn & Suites Homewood Suites Hilton Garden Inn Homewood Suites Hampton Inn & Suites Home2 Suites Hilton Garden Inn City, State Rooms Year Iowa city, IA 143 2017 Minomonee Falls, W I 105 2017 Minooka, IL 93 2016 Bellevue, NE 120 2016 Brookfield, WI 105 2016 Mason City, IA 83 2016 Hudson, WI 83 2016 Kenosha, WI 93 2015 Ankeny, IA 92 2015 Bettendorf,IA 116 2015 West Des Moines, IA 105 2015 West Des Moines, IA 100 2015 Omaha, NE 105 2013 Manhattan, KS 135 2010 14 Hieronymus Square Developers L.L.C. Hilton Garden Inn Council Bluffs, IA 153 2009 Sleep Inn Milwaukee, WI 80 2009 Candlewood Suites Lacrosse, WI 92 2009 Marriott Residence Inn Lincoln, NE 93 2008 Hampton Inn & Suites Lincoln, NE 83 2008 Hampton Inn & Suites Grafton, WI 83 2008 Country Inn & Suites St Charles, MO 86 2008 Hampton Inn Dubuque, IA 97 2008 Marriott Courtyard Ankeny, IA 118 2007 Hampton Inn & Suites West Bend, WI 83 2007 Marriott Spring Hill Suites Cheyenne, WY 92 2007 Hilton Garden Inn Omaha, NE 118 2006 Candlewood Suites Kenosha, WI 91 2006 Marriott Courtyard Columbia, MO 134 2005 Country Inn & Suites Middleton, WI 84 2004 Hampton Inn Council, IA 98 2001 Holiday Inn Express Coralville, IA 84 1998 Holiday Inn Council Bluffs 187 1996 15 Hieronymus Square Developers L.L.C. Benefits of This Project to Iowa City: Affordable Housing The project will generate up to 7 units for affordable housing or other offsite solution as approved by the City. This would help advance the City of Iowa City's goal to bring more affordable housing to the downtown area. Sustainability The mixed use tower of the project will look to include 108 rooftop solar modules. On anannual basis the 108 solar modules would generate an estimated 38,732 kWh and and reduce estimated CO2 emissions by 1,413,599 pounds. Element Brand Improving hotel air quality, minimizing pollutants and chemicals. Ample access to natural light. From sustainable design to eco -friendly practices and programs we've built a smarter, better place to stay. Element Hotels has been designed to comply with the mandates for high performance green buildings, resulting in a cleaner, healthier place for both gusts and associates and a more sustainable environment for earth. With the brand pillars of Sustain, Conserve, Reduce and Reuse Sustain Eco -friendly materials are incorporated in the element design whenever possible: rooms feature carpets with up to 100% recycle content, wall art is mounted on a base from recycled tires and low VOC (volatile organic compounds) paints improve indoor air quality Conserve Element was built to conserve without compromising performance. Low- flow faucets and fixtures help save water, compact fluorescent light bulbs use about 75% less energy than standard incandescent bulbs, and energy-efficient appliances use approximately 30% less energy. Reduce Element reduces waste wherever we can: silverware and glassware are available in guestrooms instead of plastic utensils and paper cups, filtered drinking water eliminates the need for plastic bottles, and all natural bathroom amenities are stored in a dispenser system instead of disposable bottles. Reuse Element offers an extensive recycling program — bins are located in every guestroom and common areas of the hotel, including the lobby and motion fitness center "Element Brand Sustainability Certification program requirement" 16 Hieronymus Square Developers L.L.C. Additioanlly as part of the element brand requirement an operational sustainability certification program will be selected for the hotel and approved by the brand/Marriott for this location. Example of possible program: www.greenseal.org Increase tax base to Iowa City The project will allow a portion of the vacant ground at the comer of Burlington and Clinton to be developed with a diverse mixed use complex that will produce significant assessed value. We expect the facility to generate assessed value more than $22,000,000. Hotel/motel tax generated The proposed project is a rare sizeable full service hotel project for the area. With 94 rooms and planned amenities the project will generate significant hotel/motel taxes. The hotel is expected to generate hotel/motel tax more than $3.8 million over the course of 20 years. Creation of jobs in downtown area In addition to significant construction jobs the project will generate more than 90 new long-term jobs in downtown area. Many of these employees will also choose to live in or around downtown. Hotel Office/Retail Total Positive Economic Impact Non -Exempt Employees Salaried Managers 40 3 50 4 90 7 The complex will generate significant traffic and spending in downtown Iowa City. The hotel portion of the facility will attract approximately 23,000 rooms rented annually. Translating to 34,500 guests annually who in turn will have a significant positive economic impact on downtown spending over $3,000,000 incrementally annually downtown. Taken from Pinnacle Advisors Categorizing Hotel Impact on Communities: *Direct Impact - Direct impact includes all projected revenues that will be generated from consumers at the new hotel. This will include all room's revenues, food and beverage revenues from restaurants and banqueting, as well as other potential revenue sources such as spa or parking. Direct impact also includes total payroll paid out to employees hired at the hotel as well as all payroll paid out to temporary construction workers who construct the hotel. *Fiscal Impact - Fiscal impact refers to all federal, state, and local taxes that will be collected from the development and operations of the new hotel. Taxes include all sales taxes collected in association with the hotel -generated revenues, as well as all payroll related taxes collected from full-time hotel employees and temporary construction workers. Local governments will also collect new property taxes 17 Hieronymus Square Developers L.L.C. from the operation of the hotel. Many local governments will also collect revenues through lodging taxes. *Indirect Impact - In addition to local governments and hotel owners/employees, contractors and suppliers to a newly developed hotel will also benefit. Indirect impact includes all jobs and income generated by businesses that supply goods and services to the hotel. Examples of businesses that will indirectly benefit from the development of a hotel include suppliers of rooms related goods (housekeeping supplies, room amenities, etc.), telecommunication vendors (internet, cable, etc.), utility companies, food and beverage suppliers, and other hotel related vendors. *Induced Impact - Induced impact refers to economic effects generated when employees (full-time and temporary) and suppliers re -spend their wages on local consumer purchases. For example, an employee may purchase gas for their car on their way home from work. The Hieronymus square will have many synergies with the surrounding area including the outdoor flex space and the University of Iowa School of Music for the many activities, events and shows that will regularly be held. From new premiere, commercial and office space contributing to the thriving downtown scene to the extended stay segment of people staying 5-30+ night in the Element hotel rooms make this a new high energy comer in Iowa City. Fair share - Lodging Market Extended Stay lodging brands There are various high quality extended stay branded hotels in the Iowa City/Coralville region but there are not any in downtown Iowa City where there is significant demand. This project will provide a great added option while also providing Iowa City a big step in gaining a quality lodging product that facilitates people staying 5+ nights or more in the downtown. Hieronymus Square Developers L.L.C. Necessary Financial Assistance Mixed Use Tower: All costs, projected revenues and expenses have been provided to the National Development Council for review and analysis on this $20,273,940 mixed use project. It has been concluded that the financing gap for the mixed-use facility/parking at $3,800,000. It is requested that TIF financing be provided by the City to help finance the complex. The following table lists the sources and uses of funds for this project based on the independent gap analysis: Sources and Uses of Funds Mixed Use Tower Sources Bank Loan Equity City Gap Financing Total Uses Building Construction, Design, Underground Parking Land Developer Overhead & Contingency Project Interest, Ln Fees, Soft Costs TIF Rebate Financing Costs Total $11,140,316 $5,333,624 $3,800,000 $20,273,940 $15,015,000 $2,500,000 $800,000 $950,000 $1,008,940 $20,273,940 19 Hieronymus Square Developers L.L.C. Necessary Financial Assistance Hotel: All costs, projected revenues and expenses have been provided to the National Development Council for review and analysis on this $20,479,836 hotel project. It has been concluded that the financing gap for the hotel at $4,200,000. It is requested that TIF financing be provided by the City to help finance the complex. The following table lists the sources and uses of funds for this project based on the independent gap analysis: Sources and Uses of Funds Hotel Sources Bank Loan $11,310,831 Equity $4,969,005 City Gap Financing $4,200,000 Total Uses Building Construction, Design Land Furniture, Fixture, and Equip Opening Costs; working capital, training, marketing Construction interest & Loan Fees Developer Overhead Professional Services & Closing Costs TIF Rebate Financing Costs Total $20,479,836 $12,639,125 $2,500,000 $1,850,000 $896,705 $550,000 $800,000 $75,000 $1,169,006 $20,479,836 M MEMORANDUM Date: July 14, 2017 To: Wendy Ford, Economic Development Coordinator From: Karen Garritson, Director, National Development Council CC: Geoff Fruin, City Manager; Iowa City City Council RE: Hieronymus Square At your request, NDC has reviewed the materials submitted by Ben Kinseth and Kevin Digmann on behalf of Hieronymus Square Developers (hereinafter, "the Developer"). Hieronymus Square Developers is owned by Hieronymi Partners (Hieronymus Family) (25%), Kinseth Hospitality Companies (15%) and Hodge Investment Group (60%). This request was made to evaluate the Developer's application for City financial assistance for the development of the project described below. Pending Council approval, negotiated total assistance to the $40.75M project is $8M. Project Description The project consists of two distinct components. For purposes of this memo, they are treated as a single project since both components will utilize the 61 spaces of underground parking being created for the overall project as well as the common entrance vestibule, and neither component can be successfully developed on its own. Component 1: The Element Hotel Hieronymus May 17, 2017 Page 2 The Element Hotel is a lifestyle extended -stay brand that will be located at the intersection of Burlington and Clinton Streets in downtown Iowa City. The long term owner of the hotel will be ES Hotel, LLC which will consist of the same partners, in the same percentages as Hieronymus Square Developers, the development entity. The $19.3M, seven -story, 93 -room hotel will be proximate to the University of Iowa campus and adjacent to the 143 -room Hilton Garden Inn currently under construction. Unlike the Hilton Garden, it will cater to extended stay guests for which there is a distinct market. The proposed hotel will include: • Lower Level — Parking with 61 spaces to be shared with Component 2. Planned spaces will provide parking for hotel employees as well as the retail and residential tenants of Component 2. The parking requirement for these functions is 45 spaces. • Level 1—Entrance vestibule off Clinton Street (also shared with Component 2), hotel reception, lounge, breakfast seating, 1,100SF meeting room, sundry, and laundry • Floor 2—Guest rooms, fitness center, indoor pool, and patio • Floors 3-7 - Guest rooms The hotel's main entrance will be located on the front of the building along Clinton Street and will have a curb cutout for drop offs. An existing City parking garage will provide parking for the hotel guests. An alleyway currently runs between the hotel building and the parking garage. A skywalk will be built over the alley from the parking garage to the second floor of the hotel that will lead to guest rooms, the outdoor pool, and fitness center and the elevators to access the hotel lobby. The Element Hotel and the Hilton Garden Inn under construction will not share amenities or be physically connected. The guest room matrix provided by the developer for the Element Hotel appears below, indicating a total of 92 rooms. The market study conducted by Patek Hospitality Consultants supported a total of 94 rooms before specific room type counts were refined. Guest Room Matrix— Proposed Dement Hotel Room Type Number of Rooms PercentofTotal_ _ Studio King 2 2% Studio Double Queen 30 33% Standard & Communal King 40 43% One -Bedroom 20 22% Total 92 100.0% Source: Kinseth Hospitality Companies All room types except four of the Communal Kings will contain fully equipped kitchens and ample seating; those four will share a kitchen and living room area and can be rented individually to groups. The Standard King guest rooms will contain compact full kitchen facilities. All guest rooms will contain energy efficient appliances including a two -burner cooktop, refrigerator, dishwasher, and microwave plus utensils. Spa -inspired bathrooms feature an oversized rain shower, hand-held wand, and a Hieronymus May 17, 2017 Page 3 dispenser system for shampoo and body wash. All rooms will offer the Heavenly® Bed with lofty duvets and pillows, oversized closets, 32" flat screen HDTV, DVD player, and movies on demand. Flexible workspace includes an oversized desk, ergonomic chair, and easy access to power and data connections, complementary Internet, and printer access. Other amenities include hairdryer, iron/ironing board, alarm clock/radio, and telephone with voice mail. Element Hotels is a brand within the parent company of Starwood Hotels, which was acquired by Marriott International in 2016. As mentioned earlier, Element Hotels are a lifestyle extended -stay hotel concept with an environmentally friendly and sustainable design from its products, services, to its programs and physical spaces. According to Market Demand Study completed by Patek Hospitality Consultants, the brand concept is all about sustain, conserve, reduce, and reuse and as such, it is the first major hotel brand to mandate that all properties pursue sustainable certifications. Facilities and amenities to be offered at the hotel include: • Rise: Breakfast bar serving complimentary healthy breakfasts • Relax: evening reception four nights per week and a salon bar cart serving wine, beer, and soft drinks • Restore: Gourmet grab & go pantry open 24/7, patio grill, indoor pool, spacious fitness center, self-service laundry open 24/7, laundry service and dry cleaning • Resource: Business center and meeting space of approximately 1,100 square feet. As part of the Element's environmentally friendly concept, bikes are available to borrow and this is a complementary offering. The hotel will offer shuttle van service by appointment only. Valet parking will be offered or guests can self -park in the City's adjacent parking garage that will be connected to the hotel on the second floor. Parking rates currently charged at the Sheraton Hotel are $14.00 per day for self -park and $20.00 per day for valet parking. These are the same rates that the Hilton Garden Inn will charge when it opens later in 2017. When the Element Hotel opens in first quarter 2019, parking rates will be the same as the Hilton Garden Inn's rates at that time. Component 2 — Mixed -Use The proposed Element Hotel will be connected with the mixed-use development planned for the hard corner of Burlington and Clinton streets, a project that is also being developed by Hieronymus Square Developers. It will be owned long term by a newly formed entity, HS314 LLC, which consists of the same partner make-up and percentages as Hieronymus Square Developers. Both the Element Hotel and the mixed-use project will be constructed at the same time. Plans call for a vestibule on the ground level that people will enter from Clinton Street that will lead to either the hotel or the mix -use building. • Lower Level —61 parking spaces to be shared between the Element Hotel Employees, residential and commercial tenants. The parking requirement for these functions is 45 spaces Hieronymus May 17, 2017 Page 4 • Level 1— Common vestibule entrance and 10,000 square feet of retail space • Level 2 - 6,100 square feet of office space • Levels 3-7-43 residential rental units of one, two, and three -bedrooms. Fifteen percent of the residential units (41 -bedroom and 3 2 -bedroom) are required to be affordable for 20 years Residential Unit Mix Room Type _ Number of Percent of Total 1 Bedroom —Affordable 4 9% 2 Bedroom - Affordable 3 7% 1Bedroom —Market Rate 8 19% 2 Bedroom — Market Rate 9 21% 2 Bdrm Twnhm — Market Rate 13 30% 3Bedroom —Market Rate 6 14% Tota Financial Analysis NDC and City development and planning staff have met with the owner's representatives on multiple occasions since November 2016 and have exchanged questions and updated information by email between on-site visits. The Developers have refined the project's development costs and operating revenues/expenses as city valuation estimates, parking requirements and affordability measures were clarified, and as third party information, such as the Patek Hospitality Consultants Inc. hotel market study, were received. It should be noted that while the projections for the Element align well with the third -party market study findings, there has been no similar market analysis done for Component 2, the mixed-use portion of the project. In addition, the Developers have been in discussion with lenders, but they have not presented letters of interest, preliminary commitments or terms sheets from them at this time. As a result, the ability of the project to attract senior debt may vary from the current projections. Component 1- Element Hotel The Element's latest sources and uses estimates project bank financing of $11.3 million at 5% interest with a 25 -year amortization. Taken together with the negotiated $4.2 million Request for Financial Assistance, the project's projected sources and uses are as follows: Hieronymus May 17, 2017 Page 5 Land Acquisition $ 2,500,000 Construction $11,632,500 Furnishings $ 1,852,309 Contingency (3.8% contractor & owner) $ 731,625 Architecture/Engineering/Tech Svcs $ 625,000 Project Interest, Ln Fees, Soft Costs $ 638,000 Marketing, Opening, Franchise Fee $ 431,396 Reserves/Working Capital $ 100,000 Developer Overhead & Profit $ 800,000 TIF Rebate Financing Costs $ 1.169.006 Total Project Costs $20,479,836 Bank Loan $11,310,831 City Financial Assistance* $ 4,200,000 Required from Developer $ 4.969,005 Total Sources $20,479,836 * includes $3,030,994 in project gap ($300K at completion) plus cost of financing For project costs covered by City assistance, $300,000 will be provided to the project at construction completion/certificate of occupancy. The developer will take out a loan for the balance to be paid back over a period of years using annual TIF rebates. The principal of $2,730,994 plus interest totals $3,900,000. Based on valuation and property tax estimates, the project would generate annual property tax sufficient to repay the loan with about 13 years of rebates. The city would then be able to recoup their initial $300,000 investment with taxes paid and not rebated in about year 14. In total, the combination of City financial assistance is as follows: Rebated TIF $2,730,994 Interest on TIF eligible exp. $1,169,006 TIF Advance $ 300.000 Total City financial assistance $4,200,000 The developer has provided the following documentation to support their projections and request for gap financing: • A proforma statement of operating revenue and expenses Conceptual floor plans for the project's 7 levels produced by Neumann Monson Architects A Market Demand Study prepared by a third party (Patek Hospitality Consultants) verifying the demand for extended stay hotel rooms at this location Hieronymus May 17, 2017 Page 6 Due diligence materials not yet provided by the developer and to be followed-up on as the project progresses include: • Contractor estimates supporting the development budget • Purchase agreement supporting acquisition cost • An appraisal identifying the project's as -complete fair market value (FMV) that will be relied on by the senior lender to determine the maximum loan that will be offered to the project • A financing letter of interest or term sheet identifying a maximum loan amount, rate, term and underwriting criteria, pending completion of the appraisal • Documentation of the developer's equity stake in the project • Organizational documents for the ownership structure Assuming the appraisal, when completed, supports the amount of debt the developer is projecting, NDC's analysis of the developer's current projections suggests that total City Financial Assistance including interest of $4,200,000 will be required to bring the project's sources in line with projected uses. This assessment is based on: 1) The developer's assumption of the amount of bank debt the deal will be able to attract appears nearly maximized given the favorable terms of 5% for 25 years and the stiffer underwriting criteria applied to hotels as somewhat more risky ventures: 70% loan to value and 1.35 Debt Coverage with a cap rate of 7%. Actual loan to value ratio on developer's projected debt is 69%. 2) The developer's equity contribution of $4.97 M yields a 7.47% internal rate of return (IRR) given the projected after-tax cash flow and net sales proceeds of the project if held for 25 -years (the term of the senior debt). This is below what might typically be expected given the nature of the hotel industry, but is accepted by NDC as within the norm for purposes of its analysis due to the strength of the Iowa City market in general and this location in particular — as confirmed by the Patek study. Should the developer fee be fully earned (not needed for additional contingency), and distributed to owners, the IRR increases to just over 8.08%. Conclusion: This component of the project, as presented, demonstrates a need for $4.2M in City Financial Assistance. If the terms of the senior debt and contractor estimates are substantially different from these projections, NDC will update this evaluation as requested by the City. Component 2 - Mixed -Use The latest sources and uses for the Mixed -Use component estimates project bank financing of $11.14 million at 4.75% interest with a 25 -year amortization. Taken together with the negotiated $3.8 million Request for Financial Assistance, the project's projected sources and uses are as follows: Hieronymus May 17, 2017 Page 7 Land Acquisition $ 2,500,000 Site Improvements $ 505,000 Building Construction $11,500,000 Parking Construction $ 2,500,000 Contingency/Dev. Fee (4%) $ 800,000 Prof Fees -Arch/Eng/Environ/survey $ 510,000 Project Interest, Ln Fees, Soft Costs $ 825,000 Reserves/Working Capital $ 125,000 TIF Rebate Financing Costs $ 1,008,940 Total Project Costs $20,273,940 Bank Loan $11,140,316 City Financial Assistance* $ 3,800,000 Required from Developer $ 5,333,624 Total Sources $20,273,940 * includes $2,791,060 in project gap ($300K at completion) plus cost of financing For project costs covered by City assistance, $300,000 will be provided to the project at construction completion/certificate of occupancy. The developer will take out a loan for the balance to be paid back over a period of years using annual TIF rebates. The principal of $2,491,060 plus interest totals $3,500,000. Based on valuation and property tax estimates, the project would generate annual property tax sufficient to repay the loan with about 13 years of rebates, with sufficient additional revenue for the city to recoup their initial $300,000 investment in the same year. In total, the combination of City financial assistance is as follows: Rebated TIF $2,491,060 Interest on TIF eligible exp. $1,008,940 TIF Advance $ 300,000 Total City financial assistance $3,800,000 The developer has provided the following documentation to support their projections and request for gap financing: • A proforma statement of operating revenue and expenses • Conceptual floor plans for the project's 7 levels produced by Neumann Monson Architects Hieronymus May 17, 2017 Page 8 Due diligence materials not yet provided by the developer and to be followed-up on as the project progresses include: • Contractor estimates supporting the development budget • Purchase Agreement supporting acquisition cost • An appraisal identifying the project's as -complete fair market value (FMV) that will be relied on by the senior lender to determine the maximum loan that will be offered to the project • A Market Study indicating the demand, market rents, absorption rate and other factors confirming the project's operating proforma and/or potential need for lease up and other reserves/guarantees • A financing letter of interest or term sheet identifying a maximum loan amount, rate, term and underwriting criteria, pending completion of the appraisal • Documentation of the developer's equity stake in the project • Organizational Documents for the ownership structure Assuming the appraisal, when completed, supports the amount of debt the developer is projecting, NDC's analysis of the developer's current projections suggests that total City Financial Assistance including interest of $3,800,000 will be required to bring the project's sources in line with projected uses. This assessment is based on: 1) The developer's assumption regarding the amount of bank debt the mixed-use component can attract is nearly maximized with an actual debt coverage ratio of 1.23 and loan to value of 77%, given favorable terms of 4.5% for 25 years. However, it should be noted that a market study for this component of the project has not yet been done, so variations in rents, vacancies and expenses may alter this assessment. 2) The developer's equity contribution of $5.33M yields a 6.42% internal rate of return (IRR) given the projected after-tax cash flow and net sales proceeds of the project if held for 25 -years (the time required to retire the senior debt). This is below what might be expected in riskier markets, but accepted by NDC as within the norm for purposes of its analysis due to the strength of the Iowa City market in general and this location in particular. Should the developer fee be fully earned (not needed for contingency), and distributed to owners, this rate of return increases slightly to 6.89%. Conclusion: This component of the project, as presented, demonstrates a need for $3.81M in City Financial Assistance. If the terms of the senior debt and contractor estimates are substantially different from these projections, NDC will update this evaluation as requested by the City. Hieronymus May 17, 2017 Page 9 Combined Sources and Uses for Components 1 and 2 Land Acquisition $ 5,000,000 Site Improvements $ 505,000 Building Construction $23,132,500 Parking Construction $ 2,500,000 Furnishings $ 1,852,309 Contingency (3.8% contractor & owner) $ 731,625 Architecture/Engineering/Tech Svcs $ 1,135,000 Project Interest, Ln Fees, Soft Costs $ 1,463,000 Marketing, Opening, Franchise Fee $ 431,396 Reserves/Working Capital $ 225,000 Developer Fee/Add. Contingency $ 1,600,000 TIF Rebate Financing Costs $ 2,177,946 Total Project Costs $40,753,776 Bank Loan $22,451,147 City Financial Assistance* $ 8,000,000 Required from Developer $10,302,629 Total Sources $40,753,776 * includes $5,822,054 in project gap ($600K at completion) plus cost of financing Conclusion Overall, $8M City Financial assistance to the project appears warranted, assuming the appraisals, when completed, support the amount of debt proposed for the project. City Financial Assistance of $8,000,000 (including interest) will be required to bring the project's sources in line with projected uses. This amount is deemed appropriate based on: 1. The relatively modest returns projected to the developers/owners 2. More than 25% of the overall capital required for the project is developer/owner equity. This proportion of equity is in keeping with typical market rate projects 3. The elevation and site constraints adding to the cost of underground parking at this particular site: It is estimated that the total development cost per space on this project (including land, site work, soft costs etc.) is about $42,000/space. This is about $16,000/space more than City spaces being developed on Harrison Street for $26,000/space. As such the cost of providing 61 underground parking spaces for this project is about $976,000 higher than would ordinarily be expected. I Exhibit A — Development Property Legal Description Exhibit B — Minimum Improvements and Uses Exhibit C — Certificate of Completion Exhibit D — Memorandum of Agreement for Private Redevelopment Exhibit E —Opinion of Counsel Exhibit F — Minimum Assessment Agreement Exhibit G — Temporary Construction Easement E H — Concept Plan Exhibit I empZaryUse of Right -of -Way Agreeme/ousing Exhibit J — S le Deed Restriction Exhibit K — Wag eft Affidavit Exhibit L — Iowa Riverfront Crossing Afforduirement Administrative Rules `A THIS AGREEMENT FOR PRIVATE DEVELOPMENT (hereinafter called "Agreement" or "Development Agreement"), is made on or as of the day of September, 2017, 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 autho 'zation of Chapters 15A and 403 of the Code of Iowa, 2017, as amended (hereinafter called rbanRenewal Act"); HIERONYMI PARTNERSHIP, L.L.P., an Iowa limited liability partnershi (hereinafter "Owner"); HIERONYMUS SQUARE DEVELOPERS, L. Iowa limited liabi ' company, IOWA CITY ES HOTEL, L.L.C., an Iowa limited ility company, and HS314, L. .C., an Iowa limited liability company (hereinafter co11 ely "Developers"). Owner and DeverVers all have an address at 711 South Gilbert Street, a City, Iowa 52240. WITNESSETH: WHEREAS, incrance of the objectives of e Urban Renewal Act, the City has undertaken a program for a clearance and recons ction or rehabilitation of an economic development area in the City IRd, in this /connectiois engaged in carrying out urban renewal project activities in an area kno n as thersity Project I ("Urban Renewa] Area" or "Area"), which area is described in he CiProject I Plan ("Plan") approved for such area by Resolution No. 2157 on Octo er 2hich Plan has been amended from time to time; and WHEREAS, a copy of the reg 'ng Urban Renewal Plan, as amended, has been recorded among the land records in t office f the Recorder of Johnson County, Iowa; and WHEREAS, the O/edin ns certain pr erty in the City ("Development Property") upon which it desires, in pawith Develope , to construct improvements in the form of a hotel and a mixed commss A office/reside tial multi -story building, and agrees that such improvements be opercordance with this cement; and WHEREAS, the ity believes that the development the real property, located in the foregoing Urban Rene a1 Area referred to as the Developme t Property and as described in Exhibit A attached heyeto and made a part hereof, pursuant to this greement and the fulfillment generally of this A ement, are in the vital and best interests of th City and in the with the public purposes aDfi provisions of Chapters ISA and 403, and other pplicable state and local laws and requireyfients under which the foregoing project has been dertaken and is being assisted. NOW, HEREFORE, in consideration of the premises and the mutual obligations of the parties hereo, each of them does hereby covenant and agree with the other as fo lows. ARTICLE I. DEFINITIONS Sdction 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: K \ Aereement means this Agreement and all exhibits and appendices hereto, as the a may be ftpm time to time modified, amended or supplemented. Ash ssor's Minimum Actual Value means the agreed minimum actua alue after taking into consi ation any factors such as "roll backs" which would reduce thetaxable value of the Minimum Ina ovements and the Development Property for calculatio and assessment of real property taxes,set forth in the Minimum Assessment Agreement an Section 5.7. Certificate of om letion means a certification in the hereto as Exhibit C nd hereby made a part of this Agr( Developers pursuant to 4etion 4.4 of this Agreement. City means the City ofgowa City, Iowa, or any of the certificate attached , provided to Owner and to its functions. City -University Proiect I Tax Increment Revenue Fund means the special fund of the City created under the authority of Se ton 403.19(2) o the Code, as amended, and the Ordinance, which fund was created in order to Dav the nrincip of and interest on loans monies advanced to or indebtedness, whether funded, reN1 obligations issued under the authority c City to finance or refinance in whole Renewal Plan for the Urban Renewal Ar Code means the Code of Iowa, 201,%/, as umed or otherwise, including bonds or other n 403.9 or 403.12 of the Code, incurred by the part projects undertaken pursuant to the Urban Construction Plans means th plans, specific ions, drawings and related documents reflecting the construction work to a performed by Ow r and Developers on the Development Property with respect to the cons ction of the Minimum provements; the Construction Plans shall be as detailed as the pl specifications, drawings d related documents which are submitted to the building inspec r c f the City as required by ap icable City codes. Commencement Date mans the date of this Agreement. County means the C96mty of Johnson, Iowa. Developers me HIERONYMUS SQUARE DEVELOPERS, L.L.C., an Iowa limited liability company, IO A CITY ES HOTEL, L.L.C., and Iowa limited liab 'ty company, and HS314, L.L.C., an Io a limited liability company, all having offices at 711 So\Agreement. , Iowa City, Iowa 522 0. Develo me t Pro ertmeans the property described in Exhibit A. Economi Develo ment Grants are as described in Article VIII. Event of Default means any of the events described in Section 10.1 of thi 2 Morteaee means any Mortgage granted to secure any loan made purqx6t to either a ,age commitment obtained by Owner and Developers from a comm*61 lender or other 1 institution to fund any portion of the construction costs and * ial operating capital em m is of the Minimum. Improvements, or all such Mortgages as ppropriate. Hieronvihus S care TIF Account means a separate accgidnt within the City -University Project I Urban enewal Tax Increment Revenue Fund o2fie City in which there shall be deposited Tax Incre ents received by the City with respect the Minimum Improvements. Minimum hn rov ents means the construction f a hotel, and a mixed commercial/Class A Office/residential multi tory building as fully d ed in Exhibit B, attached and incorporated herein by this reference. Mortgage means any mo age ors ty agreement in which Owner and Developers has granted a mortgage or others ty int st in the Development Property, or any portion or parcel thereof, or any improvements n ' cted thereon. Net Proceeds means any pro paid by an insurer to Owner and Developers under a policy or policies of insurance r to be provided and maintained by Owner and Developers, pursuant to Article o this A eement and remaining after deducting all expenses (including fees and disbursem s f counsel ' curred in the collection of such proceeds. Ordinance means Ordi an ANo. 01-3991 the City, passed on December 11, 2001, under which the taxes levied on able property in th Area shall be divided and a portion paid into the City -University Project Increment Revenue und. Proiect means d Development Property, State means the Tax Increments Improvements on the in the Hieronymus S Fund under the pro base value for the T the Ordinance. m and operation d�the Minimum Improvements on the in this Agreement. of Iowa. (means the property tax revenues, th respect to the Minimum 'evelopment Property, divided and made a 'lable to the City for deposit are TIF Account of the City -University Proj t I Tax Increment Revenue ins of Section 403.19 of the Code, as amend , and the Ordinance. The Increments shall be January 1 of the year pre ing the effective date of Terminationj Date means the date of termination of this Agreemel-t as established in Section 12.11 of Ois Agreement. Unavoidable Dela s means delays resulting from acts or occurren s outside the reasonable co4ol of the party claiming the delay including but not limited to korms, floods, fires, explosiodsor other casualty losses, unusual weather conditions, strikes, boy s, lockouts 5 or other labor disputes, litigation commenced by third parties, or the acts of any federal, state or local governmental unit (other than the City with respect to the City's obligations). Urban Renewal Plan means the Urban Renewal Plan approved in respect of the City- r(ity Project I Urban Renewal Area, described in the preambles hereof. ARTICLE M CONSTRUCTION AND USES. Section (a) The er and Developers' construction on the evelopment Property will consist of a mixed-use tail/Class Aoffice/ residential structur and a hotel as described more fully on Exhibit B ("Miri um Improvements"). The Redeve per hereby commits to a project that includes a minhnum to 1 of $40,753,776 in developme costs, including construction costs, architectural fees, land costs, arking, opening costs, d eloper overhead, and financing costs. Owner and Developers agree th t they will cause the mimum Improvements to be constructed on the Development Property in bs by the City. Owner and Deve I Improvements to be constructed shal Minimum Improvements as detailed i that through the design process, the f and the final number of hotel units Manager may approve such minor significant changes to the scope or Minimum Improvements must b conformance with the l/ r< Code of Ordinances 14-2G. mtial confo cc with the Construction Plans approved ;rs agree at the scope and scale of the Minimum not be s' ificantly less than the scope and scale of the he C nstruction Plans. The parties hereto acknowledge is ber of residential dwelling units, the mix thereof, in deviate slightly from the current plans. The City iati s upon determining that they do not constitute ,ale of a Minimum Improvements. The design of the approved by the Form -based Code Committee for ;sings deve pment standards, as set forth in Iowa City (b) In the event t gat Owner and Developers sir owned property, includin right-of-way, the Court e undeveloped portion of/ f and north of the Court Street Developers shall first btain from the City a temporary substantially similar the Temporary Construction Easen Exhibit J and incorpq ated herein by this reference. to stage construction on any City- [ Transportation Center, or the •ansportation Center, Owner and onstruction easement in a form Agreement attached hereto as (c) Pe estrian access routes to the City -owned Court Stre t Transportation Center are shown at Ramp Levels on the Concept Plan submitted on IS attached hereto in Exhibit H. Vell cular access routes to the City -owned Court Street Trans ortation Center are also contemplated. In the event that the final construction drawings approvedy the City pursuant to Article II he{ein show pedestrian or vehicular access routes to the Develop ent Property through the Court Street Transportation Center, Owner and Developers must urchase an access n /for such uses(s), the cost of said property rights shall be calculat d based upon the �g formula: $200/square foot times the number of square feet in the a ment area X 10 . Owner and Developers' purchase of said easement rights shall be a co ingency of the e1 foundation permit for construction of the Minimum Improvements on the Development Property and must be satisfied prior to issuance thereof. (d) In the event that the final Construction Plans approved by the City purl to Article 11 herein show awnings or other intrusions into the right-of-way, Owner and elopers shall obtain om the City, at no cost, a temporary use of right-of-way agree nt for such temporary use. he agreement for said easement rights shall take a form subst tially similar to the Temporary e of Right -of -Way Agreement, attached hereto as Exhibit and incorporated herein by this refer ce. Said Agreement shall be entered into before a b ' ding permit is issued for any work in the p osed easement area. Section 2.2 Affo able Housing Occupancy. Owner and Developers kknowledge the City's requirer9dint to provide affordable housing pursuant to Iowa City Code of Ordinarices 14-2G-8, and that because Owner and Developers are receiving tax increment financink, they are obligated ursuant to the Iowa City Council Economic Development policy to ase or, sell 15% o the total residential units to income - qualified residents, as defined in said dinance, and ministered according to Iowa City Code of Ordinances 14-2G-8 and the adopt Adminis five Rules set forth in Exhibit L hereto, except as specifically set forth herein. Based upon an assumption that there w be45 total dwelling units in the Project, Owner and Developers hereby agree to lease ors 1 even (7) residential dwelling units to income - eligible households in accordance with th limit tions set forth herein. A minimum of two (2) units shall be provided within the Mixed se buil ' g described herein. These two units shall be comprised of one 1 -bedroom unit and o e 2-bedroo unit. These two units shall be administered as on-site Owner -Occupied or Affor able Rental Ho\nh , as that term is defined in 14-2G-8. Owner and Developers understand d acknowledge ttwithstanding the possible sale of the two on-site units as Owner-Occup/cd Affordable Houthey shall remain responsible for the continued observance of and co pHance with the aility requirements during the entire term of affordability provided rein. Owner and Demay further satisfy this affordable housing occupancy obligatio through the provisiondr 'onal on-site affordable rental or owner -occupied units or thr gh the payment of a feeu th eof in an amount established by resolution of the City Cou cil (currently $80,872 per This termination shall be made and any fee in -lieu paid prio to issuance of any buildinit for onstruction of the Minimum Improvements. Owner nd Developers acknowledgeall affor able housing units shall be constructed and pass al inspection contemporaneouth them et rate units, regardless of whether they are on rte or off-site. In the even hat the final total number of dwelling units changes thr gh the design review and constructio plan review process detailed herein, the final number o affordable housing units required ay change. Income documentation must be maintained by thDeveloper for the most recent t ee years and presented to the City upon its request. VA Said On-site Affordable Housing Units shall be affordable in accordance with the terms hereof for a period of twenty (20) years from the date an occupancy permit is issued for the Project ("term of affordability") and it is intended and agreed that the requirements of this secti with respect to the Affordable Housing Units shall run with the land. The Developer agrees itself, its successors and assigns that each deed or other conveyancey-f-th-e--Affordable Housing its shall contain the use restrictions set forth herein and as requir6d by Code Section 14-2G-8. A eed restriction running in favor of the City and in a fo substantially similar to that shown in 'bit J attached hereto shall be recorded and resta on any deed transferring title during the to of affordability to those unit or units deed as affordable housing in satisfaction of this o igation. It is intended and agreed that City and its successors shall be deemed beneficiaries these use restrictions, both for an in its own right and also for the purposes of protecting interests of the community other parties, public or private, in whose favor or for whose efit such use restrictions ve been provided. The City shall have the right in the event of breach of any affordable housing use restriction during the applicable 20 year period to ex cise all the rights d remedies, and to maintain any actions or suits at law or in equity or othe roper procee ngs to enforce the curing of such breach of affordable housing use restrictions, to which ' or any other beneficiaries of such affordable housing use restrictions may be entit d, and all be entitled to recover, in addition to its court costs, a reasonable attorney's fee to be xe y the court, and such recovery shall include court costs and attorney's fees on appeal, if an Further, the City shall hold all right and authority to agree to or provide any amendment, dification, waiver, termination or release of the affordable housing use restriction on b alf f itself and other parties, public or private, which are beneficiaries thereof (other than evelo r, its successors and assigns). Said affordable housing use restriction shall survive t e terminat n of this Agreement. Section 2.3. Construction Plans. Owner and Developers shall cause Construction Plans to be provided to the City for the inimum Improve nts, which shall be subject to approval by the City as provided in this Sec on 3.2. The Construc on Plans shall be in conformity with the Urban Renewal Plan, this A eemem, and all applic le federal, state and local laws and regulations. The City shall prove the Construction Pl sin writing if: (i) the Construction Plans conform to the t and conditions of this Agr ent; (ii) the Construction Plans conform to the terms and onditions of the Urban Renewa Plan; (iii) the Construction Plans conform to all applicable ederal, State and local laws, ordin ces, rules and regulations, and City permit requiremen (iv) the Construction Plans are dequate for purposes of this Agreement to provide f the construction of the Minimum Impr vements; and (v) no Event of Default under the to s of this Agreement has occurred; provi ed, however, that any such approval of the Cons ction Plans pursuant to this Section 3.2 shal constitute approval for the purposes of this Agre ent only and shall not be deemed to constitute approval or waiver by the City with respect to y building, fire, zoning or other ordinances or re lations of the City, and shall not be deeme to be sufficient plans to serve as the basis for the issuance of a building permit if the Cons ction Plans are not as detailed or complete as the pl s otherwise required for the issuance of building permit. Approval Of the Construction Plans by the City shall not relieve any oblIgation to comply with the terms and -provisions of this Agreement, or the provision of applicable fe eral, State and 0 local laws, ordinances and regulations, nor shall approval of the Construction Plans by the City be deemed to constitute a waiver of any Event of Default. Approval of Construction Plans hereunder is solely for purposes of this Agreement, and shall n constitute approval for any other City purpose nor subject the City to any liability for the Minim Improvements as constructed. Section 2.. Commencement and Completion of Construction. ject to Unavoidable Delays, Owner anDevelopers shall cause constru;2019. e Mini Improvements to be undertaken and tom eted no later than December 31me t as a result of Unavoidable Delays shall be added extend this date by a numbeal to the number of days lost as a result of Unavoidable\bywner All work with resa Minimum Improvements to be constructed or provided and Developers n substantial conformity with the Construction Plans appthe building officamendments thereto as may be approved by the buildin Owner and Developers agree at they sha permit designated representatives of the City, upon reasonable notice (which does of have, ave o be written), to enter upon the Development Property during the construction of the Improvements to inspect such construction and the progress thereof. Section 2.5. Certificate o after issuance of an occupancy Owner and Developers with a recordable form, in substantially of Completion shall be a conclu and conditions of this Agreeme: construct the Minimum ImprovO. !om tion. Upon written request of Owner and Developers rmi for the mimum Improvements, the City will famish tate of Co letion for the Minimum Improvements in orm set forth in xhibit C attached hereto. Such Certificate e determination o atisfactory termination of the covenants with respect to the o igations of Owner and Developers to The Certificate of Co pletion may be recorded in the p per office for the recordation of deeds and other instrumen pertaining to the Development Pro erty at Owner and Developers' sole expense. If the City all refuse or fail to provide a Certificat of Completion in accordance with the provisions of is Section 2.5, the City shall, within ty (20) days after written request by Owner an Developers, provide Owner and Developer with a written statement indicating in adequat detail in what respects Owner and Developers h ve failed to complete the Minimum Improv ents in accordance with the provisions of this Agr ment, or are otherwise in default under terms of this Agreement, and what measures or act are necessary, in the opinion of the C'ty, for Owner and Developers to take or perform in der to obtain such Certificate of Co nletion. ARTICLE III. REPRESENTATIONS AND WARRANTIES. 3.1. Representations and Warranties of the City. The City makes th following s and warranties: 0 (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 pgwey to enter into this Agreement and carry out its obligations hereunder. 77 (b) The execution and delivery of this Agri transactions contemplated hereby, and the fulfillment of conditions of this Agreement are not prevented by, limited a breach of, a terms, conditions or provisions of any? indebtedness, a Bement or instrument of whatever naturjf which it is bound, or do they constitute a default undey y erne a consummation of the or mpliance with the terms and n conflict with, nor will result in ntractual restriction, evidence of i which the City is now a party or by of the foregoing. Section 3.2. Rebresentations and Warranties% f Owner and Developers. The Owner and Developers make the fol\and sentations an warranties: (a) Owner andare comp ies duly organized and validly existing under the laws of the State of Iowll requis' a power and authority to develop and construct the Project, to carry on tses as 'now conducted and as presently proposed to be conducted, and to enter iorm eir obligations under this Agreement. (b) This Agreement has the Owner and Developers and, as is in full force and effect and is Developers enforceable in accord bankruptcy, insolvency, reorgan' generally. Owner and Develop s Exhibit E, to be signed conc en City. )e "duly and validly authorized, executed and delivered by due authorization, execution and delivery by the City, v\this legally binding instrument of the Owner and ce terms, except as the same may be limited by itionr laws relating to or affecting creditors' rights shalan Opinion of Counsel in the form attached as ly wAgreement and at other times requested by the (c) The executio and delivery of th' Agreement, the consummation of the transactions contemplated hereby, and the fulfilhn nt of or compliance with the terms and conditions of this Agree nt are not prevented by, lim ed by, in conflict with, nor will not result in a violation or breach f, the terms, conditions or pr visions of the articles of incorporation, bylaws, or any applica a governing document of Owne or Developers, or of any contractual restriction, evidence o indebtedness, agreement or ins ent of whatever nature to which the Owner or Developer are now a party or by which they or eir property is bound, nor do they constitute a default der any of the foregoing. (d) /Dvelopers are no actions, suits or proceedings pending ori threatened against or affecting Owner or Ders in any court or before any arbitrator or before or by any governmental body in whie is a reasonable possibility of an adverse decision which could materially adversely affbusiness (present or prospective), financial position or results of operations of Owner or or which in any manner raises any questions affecting the validity of the Agreement Owner or Developers' ability to perform their opligations under this Agreement.,, 10 (e) Neither Owner nor Developers have received any notice from any local, state or federal official that the activities of Owner or Developers with respect to the Development Property may or will be in violation of any environmental law or regulation (other than some on- site environmental contamination which the Owner and Developer are working wi aim Intertec to address and remediate or such other notices, if any, of which the City previously been noti ed in writing). Neither Owner nor Developers are currently aw of any state or federal clai filed or planned to be filed by any party relating to any viol n of any local, state or federal en ' onmental law, regulation or review procedure appli le to the Development Property, and ither Owner nor Developers are currently aware any violation of any local, state or federal vironmental law, regulation or review pn .ed which would give any person a valid claim and any state or federal environmental statute ith respect thereto. (f) Own and Developers will cause the Mi mum Improvements to be constructed in substantial accordkice with the terms of this A ement, the Urban Renewal Plan and all local, state and federal ws and regulations. (g) Owner and evelopers will use the)f best efforts to obtain, or cause to be obtained, in a timely manner, all rekuired permits, lic9fises and approvals, and will meet, in a timely manner, all requirements ofVI applicable 196al, state, and federal laws and regulations which must be obtained or met befor the Minimupi Improvements may be lawfully constructed. (h) Owner and Devel Project in an amount sufficient, Minimum Improvements in sub this Agreement. (i) Owner and Dev traffic, parking, trash removal construction and operation of a written construction managi and Developers will coordin Public Works Director. O temporary construction ea i e firm commitments for permanent financing for the with equity commitments, to successfully complete the accordance with the Construction Plans contemplated in o rs wi cooperate fully with the City in resolution of any r ublic sa ty problems which may arise in connection with the e Minimum provements. Owner and Developers shall submit hent plan to a Director of Public Works for approval. Owner staging for contion of the Minimum Improvements with the r and Develoipxei shall obtain from the City any necessary Lt s in accordanh Section 2.1 herein. 0) OwnerDevelopers expect that, blRing Unavoidable Delays, the Minimum Improvements and Usan outlined in Exhibit B will be c pleted by December 31, 2019. (k) Owner d Developers would not undertake eir obligations under this Agreement without the Econ o is Development Grants contemplated b Section 8.1 hereof (the 'Economic Development Gr s l; to Owner and Developers pursuant to this Agreement. (1) N ther Owner, nor Developers, nor any person or entity with an ownership interest of mo a than 25% of Owner or Developers have been judicated guilty or liable in any judicial administrative proceeding of committing a repeated r willful violation of the Iowa WaQ Payment Collection law, the Iowa Minimum Wage Ac the Federal Fair Labor 11 Standards Act or any comparable state statute or local ordinance, which governs the payment of wages in the last 5 years. ARTICLE IV. INSURANCE. 4.1. Insurance Requirements (a) on completion of construction of the Minim Improvements and at all times prior to the Term ation Date, Owner and Developers shall aintain, or cause to be maintained, at their cost and exense (and from time to time at the r nest of the City shall furnish proof of the payment of premi ms on) insurance as follows: (i) Insur ce against loss and/or age to the Minimum Improvements under a policy or policies coverin such risks as are dinarily insured against by similar businesses, including (without limitation the generality o the foregoing) fire, extended coverage, vandalism and malicious mischief, explo'on, water d age demolition cost debris removal and collapse in an amount not less than the 1 but any such policy may have a insurance shall be so written that coverage required by the preceding without the prior consent thereto value" shall mean the actual r a e replacement value of the Minimum Improvements, ible amount of not more than $50,000. No policy of proceeds thereof will produce less than the minimum ence, by reason of co-insurance provisions or otherwise, ngby the City. The term "full insurable replacement __,It cost of the Minimum Improvements (excluding foundation and excavation co/tsand cos of underground flues, pipes, drains and other uninsurable items) and equip ent, and shall determined from time to time at the request of the City, but not more freVently than once ery three years, by an insurance consultant or insurer selected and paid fo by Owner and Develo ers and approved by the City; and (ii) Com rehensive general public liab' ity insurance, including personal injury liability for injuries t persons and/or property, incl ing any injuries resulting from the operation of automob' es or other motorized vehicles on o about the Development Property, in the minimum amoun for each occurrence and for each year o $1,000,000. (iii) uch other insurance, including worker's co ensation insurance respecting all employees o Owner and Developers, in such amount as i customarily carried by like organizations a aged in like activities of comparable size and liab ity exposure; provided that Owner and De elopers may be self-insured with respect to all or y part of its liability for worker's coma nsation. (b) All insurance required by this Article IV to be provided pri to the Termination Date shall a taken out and maintained in responsible insurance companies ected by Owner and Devel ers, which are authorized under the laws of the State to assume th 'sks covered thereby. wner and Developers will deposit annually with the City copies of policies evidencing such insu cc or a certificate or certificates or binders of the respective insurers stating that such insuranc is in force and effect. Unless otherwise provided in this Article IV, each policy shall contain a provision that the insurer shall not cancel or modify it without giving written notice to 12 Owner and Developers 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 party responsible for obtaining the same shall furnish the City evidence satisfactory to the City Y at the policy has been renewed or replaced by another policy conforming to the provisions 6f this Article IV, or that there is no necessity therefor under thgterms hereof. (c) ner and Developers agree to notify the City exceeding $25,00 'n amount to, or destruction of, the Minit thereof resulting fro fire or other casualty. Net Proceeds o directly to Owner oreIC and Owner and Developer and restore the Minim hnprovements to substantially value as they existed prio to the event causing such d a; accomplish such repair, recon truction and restoration, evel( any insurance relating to such damage received by wner reimbursement of the costs thereo (d) Owner and Developer) of the Minimum Improvements, or of. City, Owner and Developers, whether Developers for such purposes are suff ARTICLE V. COVENANTS Section 5.1. Maintenance of keep the Development Property, is good repair and working order, ordi all necessary repairs, replacements, imme 'ately in the case of damage nurylinprovements or any portion f,6ny such insurance shall be paid will forthwith repair, reconstruct, same or animproved condition or ;e and, to the extent necessary to )per will apply the Net Proceeds of or Developers to the payment or hall corn ete the repair, reconstruction, and restoration 1 improvements agreed upon by and between the oft Net Proceeds of insurance received by Owner or +n rt. O\addi d Developers will maintain, preserve and ing bumited to the Minimum Improvements, in wear xcepted, and from time to time will make mals aons. Section 5.2. Maintenance of Records. Owner andevelopers will keep at all times proper books of record and account in w ich full, true and come t entries will be made of all dealings and transactions of or in relari to the business and a airs of Owner and Developers in accordance with generally acc ted accounting principles, nsistently applied throughout the period involved, and OwnInce d Developers will provide rea nable protection against loss or damage to such books of reand account. Section 5.3. Com 1with Laws. Owner and Develope will comply with all laws, rules and regulations rela 'ng to the Minimum Improvements. Section 5.4. N n -Discrimination. In operating the Minimum hn ovements, Owner and Devjsucpplicants, l n discriminate against any applicant or tenant because f age, color, creed, disar identity, marital status, national origin, race, religion, sex, ual orientation, presce of dependents or public assistance source of income. Develop shall ensure that plicants, employees, and tenants are considered and are treated without regard to their creed, disability, gender identity, marital status, national origin, race, religion, sex, tation, presence or absence of dependents or public assistance source of income. 13 This Section shall not be construed to prohibit utilizing income as a qualification for occupancy of the Affordable Housing units provided by Owner and Developers pursuant to Section 2.2 "Affordable Housing Occupancy" above. Section 5.5. Available Information. Upon request, Owner and Developers shall promptly WCity with copies of information requested by the City tha are related to this so that the City can determine compliance with the Agreement../ Sectio 5.6. Annual Certification. To assist the City in monito ng and performance of Owner and velopers hereunder, a duly -authorized officer of O er and Developers shall annually certify the City: (a) proof that all ad valorem taxes o the Development Property and Minimum hn ovements have been paid for the prior fis year; (b) an annual tenant housing report whi at a minimum, shall include statistics elating to the income -eligible households occupying eon -site affordable housing units per ection 2.1 above, such as the unit number and type, house ld size, income, and lease dates d rents or sale price, as applicable; (c) certification that such o cer has re-examined the term and provisions of this Agreement and that at the date of such certi cation, and during the pre ing twelve (12) months, Developer is not, or was not, in default in th fulfillment of any of a terms and conditions of this Agreement and that no Event of Default (o vent which, with a lapse of time or the giving of notice, or both, would become an Event ofDefault) is occu 'ng or has occurred as of the date of such certification or during such period, o 'f th Default, said officer shall disclose in c] and what action, if any, has been taken statement, proof and certificate shall be commencing November 1, 2020 and endir and Developers shall provide supporting i of the City. / signer s aware of any such default, event or Event of stat ent the nature thereof, its period of existence is roposed to be taken with respect thereto. Such r vided not later than November 1 of each year, November 1, 2035, both dates inclusive. Owner o tion for their annual certifications upon request Section 5.7 Minimum Assess int A eement. Owner and Developers (and the holder of any Mortgage) shall agree to, anwith the City s 11 execute, an Assessment Agreement pursuant to the provisions of Io Code Section 403. (19) (20 7) specifying the Assessor's Minimum Actual Value for th Minimum Irnprovemen on the Development Property for calculation of real property tax in the form attached as E 'bit F ("Assessment Agreement" or "Minimum Assessment Agre ent" ). Specifically, Owner d Developers (and the holder of any Mortgage) shall agr to an Assessor's Minimum A foal Value for the Minimum Improvem/Cise e cons cted on the Development Property of of less than $16,709,195, after taking intoeration y factors such as "roll backs" which w old reduce the taxable value of the proof J uary 1, 2020, until the Assessment Agree ent Termination Date (as defined beuc minimum actual value at the time applicable i herein referred to as the "Assessor's Actual Value." Nothing in the Assessment A Bement shall limit the discretion lessor to assign an actual value to the Development roperty in excess of such Asseinimum Actual Value nor prohibit Owner and Devel ers from seeking through thise of legal or administrative remedies a reduction in suc actual value for property tases; provided, however, that Owner and Developers shall not s ek a reduction of such aclue below the Assessor's Minimum Actual Value in any year s ong as the 14 Assessment Agreement shall remain in effect. The Assessment Agreement shall remain in effect until December 31, 2034 ("Assessment Agreement Termination Date"). The Assessment Agreement shall be certified by the Assessor for the County as provided in Iowa Code Section 403.6(19) (2017) and shall be filed for record in the office of the Johnson County Recorder, and such filing shall constitute notice to any subsequent encumbrancer or purchaser of the De lopment Property (or part thereof), whether voluntary or involuntary. Such Assessment Agree ent shall be binding and enforceable in its entirety against any such bsequent purchaser or lienh der, as well as all prior lienholders (such as the holder of any M gage), each of which shall sign statement of consent to the Minimum Assessment Agreeme Sectio 5.8. Real Property Taxes and Assessments. Owne d Developers shall pay or cause to be pai when due all real property taxes and assessme s with respect to all and any parts of the Deve\taxcial wner and Developers agree that the will not seek: (a) Aor judicial review of the app cability or constitutionality of any Iowa tax statutethe taxation of property co ained on the Development Property determined by ial to be applicable to the evelopment Property, the Minimum Improvements, oDevelopers, or raise the ' applicability or constitutionality of any such tax statute aany proceedings, inclu ing delinquent tax proceedings; and (b) Any tax deferral kabatement, Iowa Code Chapters 403 and 404 dwany other contained on the Development Prop presently or prospectively authorized under or State law, of the taxation of real property Section 5.9 Contractor Labor L 11 iance. Owner and Developers will require, in their agreement with their general contract that the General Contractor i) comply with all state, federal and local laws and regulations, cl ing, but not limited to the requirements of Iowa Code Chapter 91C (Contractor Regis ation ith the Iowa Division of Labor), Iowa Code Chapter 91A (Iowa Wage Payment C lection L ),Iowa Code Chapter 91D (Minimum Wage), the Federal Fair Labor Standards ct, and ternal Revenue Code; ii) provide to the Developer and the City, no later an the filian application for issuance of a building permit, the names and addresse of each subac r and the dollar value of the work the subcontractor is expected top rm; iii) demone it the capacity to meet all performance, and labor and material payme ,bonding requints re five to the Minimum Improvements; iv) provide to the City a ce ficate by the Gel Contra or's insurer that it has in force all insurance required with res ect to constructionhe Minim Improvements; v) demonstrate that it has required all sub ontractors to agree, iting, that th subcontractor will comply with all state, federal and to al laws and administe rules and lations, including, but not limited to the requir nts of Iowa Code Cha91C (Contracto Registration with the Iowa Division of Labor), I a Code Chapter 91A (IWage Payment lection Law), Iowa Code Chapter 91D (Mi ' um Wage), the Federal Fabor Standazds Act, d the Internal Revenue Code. Owner Developers shall provide City with sufficient vidence to establish compliance wit his requirement prior to issuanf any building permit. ARTICLE VX. ASSIGNMENT AND TRANSFER W, Section 6. 1. Status of Owner and Developers; Transfer of Assets. (a) As security for the obligations of Owner and Developers under this Agreement, Owner and Developers represents and agrees that, prior to the Termination Date, Owner will mainta' existence as Iowa limited liability partnership and Developers wi maintain existence as Iowa limited liability companies, and will not wind up or othe se dispose of all or substantia all of their assets or assign their interest in the Developme t Property or Minimum Improvemen , or their interest in this Agreement to any other party unless: (i) the transferee partnership, c oration, limited liability company or individual a umes in writing all of the obligations of O per and Developers under this Agreement, and '/the City consents thereto in writing in advance hereof, which consent shall not be unreason ly withheld. Notwithstanding the foregoing, howe r, or any other provisions of this Agre ent, Owner and Developers may pledge any and/or all its assets as security for any financi g of the Minimum Improvements, and the City agrees that eveloper may assign its interest i the Economic Development Grants being paid under this Agre ent for such purpose. (b) The Owner and evelopers may submit a Development Property to a horizontal property regime pursuant to Io a Code Chapter 49 B. The Mayor is authorized to execute a amendment to this Agreement d the Minimum Assessment Agreement in accordance with Section 12.8 for the limited purpo a of allocati g the rights and obligations set forth in this Agreement to respective condomini units Developers. Any other amendment to is Ag specifically stated herein. be owned by one or more of the Owner or lent must be approved by City Council unless (c) Notwithstanding anything r 'n to the contrary, however, the parties expressly agree and acknowledge that Owner inte s to ansfer ownership of the Development Property to the Developers prior to the commenc cut of onstruction of the Minimum Improvements and that the City consents to said tran er. There re, no further consent from the City to the Owner's transfer of the Develop ent Property t the Developers is required. It is further acknowledged and agreed that u n the transfer of a Development Property by the Owner to the Developers, Owner shall be eleased from any r obligation under this Agreement of any kind and that all further righ , title and obligations o ed to or due from the City under this Agreement shall vest solely ' the Developers. Section 6.2. R (resentation as to Develo ment. O er and Developers represent and agree that their develo ment of the Development Property, an heir other undertakings pursuant to this Agreement, a and will be used for the purpose of de elopment of the Development Property and not f r speculation in land holding. Owner and Deve pers further recognize: (a) he importance of developing the Development Prope to the general welfare of the commu ty; b) The substantial financing and other public aids that have been ade available by law nd by the City for the purpose of making such development possible; and 16 (c) Except for a change in the ownership or control of Owner and/or Developer(s) caused by or related to the death of a member, estate planning of a member or retirement of a member, when the remaining original controlling members of the Owner and/or Developer(s) remain unchanged, the fact that any act or transaction involving or resulting in a significant changpee i the ownership or with respect to the identity of the parties in control of Ow and Develoor the degree thereof, is for practical purposes a transfer or dispos' ' n of the Developm t Property then owned by Owner and Developers and the qualificati and identity of Owner anDevelopers are of particular concern to the City. Owner and evelopers further recognize that 't is because of such qualifications and identity thatthe Ci is entering into this Agreement with wner and Developers. Section 6.1\ For the reasons id tified in Section 6.2, Owner and D elopers represent and agree for themselves and their cessors and assigns, that: (a) Except fo change in the ownershi or control of Owner and/or Developer(s) caused by or related to t eath of a member, a ate planning of a member or retirement of a member, when the remain original controll' g members of the Owner and/or Developer(s) remain unchanged or only b y of security or (i) the purpose of obtaining financing necessary to enable Owner and Develo r or any s ccessor in interest to the Development Property, or any part thereof, to perform h ' ob 'gations with respect to constructing the Minimum Improvements under this Agree en ; d (ii) any other purpose authorized by this Agreement, Owner and Developers (except as authorized) have not made or created, and they will not, prior to the completion of the um Improvements and the delivery by the City of the Certificate of Completion, mak creat 0r suffer to be made or created, any total or partial sale, assignment, conveyance, or le e, or an tru or power, or transfer in any other mode or form of or with respect to this A ment or th D velopment Property, or any part thereof or any interest therein, or any co ract or agreem t t do any of the same, without the prior written approval of the City. (b) The shall be entitled to r uire, except as otherwise provided in this Agreement, as cond' ons to any such approval that. (i) Any proposed transferee shal hate the qualifications and financial responsibility, determined by the City, necessary d 'adequate to fulfill the obligations undertaken in is Agreement by Owner and Developers (o in`the event the transfer is or relates to part of the evelopment Property, such obligations to the tent that they relate to such part). (ii) Any proposed transferee, by instrument in ting satisfactory to the City and in f(nditions recordable among the land records, shall, for itself an its successors and assigns, and expy for the benefit of the City, have expressly assumed all o the obligations of Owner and Devers under this Agreement and the Assessment Agreement an greed to be subject to all the c and restrictions to which Owner and Developers are subs t (or, in the event the transfer is of or relates to part of the Development Property, such obligation , onditions, and 17 restrictions to the extent that they relate to such part). Provided, that the fact that any transferee of, or any other successor in interest whatsoever to, the Development Property, or any part thereof, shall, whatever the reason, not have assumedsuch obligations r so agreed, shall not (unless and only to the extent otherwise specifically provided in this A Bement or agreed to in writing by the City) relieve or except such transferee or successor of from such obligations, conditions, or estrictions, or deprive or limit the City of or with respe t to any rights or remedies or controls wi respect to the Development Property or the c struction of the Minimum Improvements, i being the intent of this, together with other pro isions of this Agreement, that (to the fullest exte t permitted by law and equity and excepti only in the manner and to the extent specifically p vided otherwise in this Agreement) no ansfer of, or change with respect to, ownership in the\frothis t Property or any part ther of, or any interest therein, however consummated or ocwhether voluntary or ' voluntary, shall operate, legally or practically, to deprive City of or with respe t to any rights or remedies or controls provided in or resultiAgreement and the sessment Agreement with respect to the Development Propernstruction of the M' 'mum Improvements that the City would have had, had there btransfer or change. (iii) There shall b submitted 0 the City for review all instruments and other legal documents involved in effecting ransfer; nd if approved by the City, its approval shall be indicated to Owner and Developers in wXting. uch approval will not be unreasonably withheld. Provided, that in the absence of spe c written agreement by the City to the contrary, no such transfer or approval by the City ther of all be deemed to relieve Owner and Developers, or any other party bound in any way y thi Agreement or otherwise with respect to the construction of the Minimum Improv ments, o from any of their obligations with respect thereto. Section 6.4 Prohibition Agitinst Use as Non -Taxable or Centrally -Assessed Propert . During the term of this Agree nt, Owner and Dev opers agree that no portion of the Development Property or Mini Improvements shall b transferred or sold to a non-profit entity or used for a purpose th t would exempt said portio of the Development Property or Minimum Improvements fro property tax liability. Dunn the term of this Agreement, Developer agrees not to al ow any portion of the Develop ent Property or Minimum Improvements to be used as ntrally-assessed property (including, b t not limited to, Iowa Code § 428.24 to 428.29 (Pub c Utility Plants and Related Personal roperty); Chapter 433 (Telegraph and Telephone Company Property); Chapter 434 (Railway operty); Chapter 437 (Electric Transmission L' es); Chapter 437A (Property Used in the Pro ction, Generation, Transmission or Delive of Electricity or Natural Gas); and Chapter 438 (Pipe' e Property)). ARTICLE VII. ECONOMIC DEVELOPMENT GRANTS Section 7.1. For and in Onsideration of the obligations being assumed by the Owner and Developers hereunder, and iA furtherance of the goals and objectives of the Urban Renewal Plan and the fE:l Urban Renewal Act, the City agrees to make the following Economic Development Grants, subject to the Owner and Developers being and remaining in compliance with the terms of this Agreement and subject to the terms of this Article VII. Said Economic Dev lopment Grants shall, in no event, exceed an aggregate amount of $8,000,000: (a) $60 ,000 to Owner and Developers on or about March 31, 0, or three (3) months following the iss ance of the Certificate of Completion, whichever is I er. (b) Up to fi een (15) annual Economic Development is commencing on June 1, 2022, and ending on ne 1, 2036, or when the total of all grant described in this Article VII is equal to $8,000,000, ichever is earlier. All annual grant shall be equal to one hundred percent (100%) per fisc year of the Tax Increments ( ess the total grant amount of $8,000,000 is reached first) llected by the City with respe to the Minimum Improvements on Development Property pursu t to Section 403.9 of the U an Renewal Act under the terms of the Ordinance (without regard any averaging that m otherwise be utilized under Section 403.19(6) and excluding any int st that may accrue eon prior to payment to the Developer) during the preceding twelve-mon period in resp of the Development Property and the Minimum Improvements, but subject o adjustment d conditions precedent as provided in this Article (such payments described in su ecrions (a and (b) hereof being referred to collectively as the "Economic Development Grants"). (c) The obligation of the City t ake an Economic Development Grant to the Developer in any year as specified above s be subject to and conditioned upon the timely filing by the Developer of all previous ua statements, proofs and certifications required under Section 5.6 hereof and the City ana 's approval thereof. Beginning with the November 1, 2020 certification, if the D veloper's ual statement, proof and certification is timely filed and contains the informat' n required der Section 5.6 and the City Manager approves of the same, the City shall c rtify to the Co ty prior to December 1 of that year its request for the available Tax Increm is resulting from assessments imposed by the County as of January 1 of that year, to be llected by the City as taxes are paid during the following fiscal year and which shall therea er be disbursed to the De eloper on June 1 of the following fiscal year. (For example, if a Owner and Developers d the City each so certify on November and December 2020 espectively, the first Economic evelopment Grant would be paid to the Owner and Develop s on June 1, 2022). (d) In the event t the annual statement, proof or certificat required to be delivered by the Owner and Develo ers under Section 5.7 is not delivered to the ity by November 1 of any year, the Owner and evelopers recognize and agree that the City ma ave insufficient time to review and approve a same and certify its request for Tax Increments to e County and that, as a result, no Eco mic Development Grant may be made in respect ereof. The City covenants to act in ood faith to appropriately review and consider any late c ification on the part of the Owner d Developers, but the City shall not be obligated to make an certification to the County for a available Tax Increments or make any corresponding pa ent of the Economic Dev opment Grant to the Owner and Developers if, in the reasonable ju ent of the City, it is no able to give appropriate consideration (which may include, but not be invited to, 19 specific discussion before the City Council at a regular City Council meeting with respect thereto) to the Owner and Developers' certification due to its late filing. In the event Owner and Developers fail to timely file an annual statement, proof or certificate due to an Unavoidable Delay and, as a result, an Economic Development Grant cannot be make, Owner and Developers may 've written notice to the City and, if the City finds that the failure is due to an Unay�idable Dela ,the missed Economic Development Grant shall be made in the year succeee last schedu Economic Development Grant under Section 7.1, subject to Owner Developers' filing un Section 5.6 and all other provisions of this Article VII with res t to such grant, it being the tention of the parties to allow a one-time $600,000 p sum Economic Development ant and up to fifteen (15) annual Economic Developm Grants in an aggregate amount not to ceed $8,000,000, if Owner and Developers ar in compliance with this Agreement. (e) The finalgr shall be adjusted, if necessary, if yment of 100% of Tax Increments for that grant would re It in total, aggregate Econo Development Grants in an amount exceeding $8,000,000. Su\detennin ic DeveI pmen Grants shall at all times be subject to termination in accordancerms of this le VII and Article X. Thereafter, the taxes levied on the Developmend Mim Improvements shall be divided and applied in accordance with the UrbaAct and e Ordinance. It is recognized by all parties that the total aggregate amouabove s a maximum amount only and that the actual payment amounts will beafter a Minimum Improvements are completed and the valuations of said Improvea determined by the City Assessor. (f) In the event that any ce fi to filed by the Owner and Developers under Section 5.6 or other information that t the 'ty discloses the existence or prior occurrence of an Event of Default that was not c ed or c of reasonably be cured under the provisions of Section 10.2 (or an event that, ith the pass a of time or giving of notice, or both, would become an Event of Default t cannot reaso bly be cured under the provisions of Section 10.2), the City shall have no o igation thereafter N make any further payments to the Developer in respect of the Economic Pevelopment Grants and may proceed to take one or more of the actions described in Sectio 0.2 hereof. Section 7.2. (a) The Econo c Development Grants shall be payab from and secured solely and only by amounts deposite and held in the Hieronymus Square T Account of the City. The City hereby covenants #d agrees to maintain the Ordinance in fork during the term hereof and to apply the increme al taxes collected in respect of the Minimum provements and allocated to the Hieronymus quare TIF Account to pay the Economic Develo ment Grants, as and to the extent set forth ' Section 7.1 hereof. The Economic Development Gr is shall not be payable in any manner by ther tax increment revenues or by general taxation or fro any other City funds. (b) otwithstanding the provisions of Section 7.1 hereof, the ty shall have no obligation t make an Economic Development Grant to the Owner or Develop if at any time during th term hereof the City receives an opinion of its legal counsel or a contro ' g decision 20 of an Iowa court having jurisdiction over the subject matter hereof to the effect that the use of Tax Increments resulting from the Minimum Improvements to fund an Economic Development Grant, as contemplated under said Section 7.1, 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. Upon receipt of sucJi an opinion or decisio the City shall promptly forward a copy of the same to the Owner Developers. If the circ stances or legal constraints giving rise to the opinion or decision ntinue for a period during whi two (2) Economic Development Grants would otherwise ve been paid to the Owner and Developers under the terms of Section 7. 1, the City may t inate this Agreement, without penaltyq other liability to the Owner or Developers, by writt notice to the Owner and Developers. In id event, the Minimum Assessment Agreem shall also be terminated effective as of the CiNs termination of this Agreement. (c) The City makes\the tation with respect to amounts that may finally be paid to the Owner and Develoconomic Developme Grants, and under no circumstances shall the City in any mane to the Owner and evelopers, so long as the City timely applies the Tax Incremenollected and held ' the Hieronymus Square TIF Account (regardless of the amountthe payment of a Economic Development Grants to the Developer, as and to the ein this Arti e. Section 7.3. Use of Other Tax Inc free to use any and all Tax Increments Development Property unrelated to const assessed or actual value due to market fa any available Tax Increments resulting Development Grants under Section 7.1 may lawfully be used pursuant to thVitt have no obligations to the Developer Section 7.4. Condition City's obligations to make Eo Agreement shall be subject to ents Subject to this Article VII, the City shall be col ed in respect of increases in valuation on the ucti f the Minimum Improvements (i.e. increases in ;to ), other properties within the Project Area, or m the pension or termination of the Economic ereof, for purpose for which the Tax Increments visions of the\Urban Renewal Act, and the City shall respect to the u thereof. lent. Notwithstanding & Development Grant(s) to tion of the following con provisions of this Article, the ner and Developers under this ns precedent: (a) Owner and D velopers shall be in material complian with all the terms and provisions of this /Agreemt; and (b) The eld all necessary hearings and taken Council ac 'on in the exercise of its sole discretionlative deliberative authority to adopt or amend e City -University Project I Urban Rn, as deemed necessary by the City in its sole discr ion; and (c) ecution and recording of the Assessment Agreement by the City and Owner and Developers pursuant to Section 5.8 of this Agreement; and N 21 (d) Execution and recording of the Memorandum of Agreement for Private Development by the City and Owner and Developers pursuant to Section 12.3 of this Agreement; and (e) Execution and recording of an Access Easement for use of Court Street Transp\S* if necessary pursuant to Section 2.1 above. n and recording of a Temporary Construction Eas ent, if necessary pursu1 above. n and recording of a Temporary Use of Ri t -of -Way agreement, if necessction 2.1 above. (h) Receipt of op tions of counsel to Owner and De}�elopers in the form attached hereto as Exhibit E; (i) Owner and Develop'T Vater d on their arcing for the construction of the Minimum Improvements; and (j) There has not been a sange fo the worse in the financial resources and ability of Owner and Developers, or decr a in the financing commitments secured by Owner and Developers for conthe inimum Improvements, which change(s) makes it likely, in the judgment of er and Developers will be unable to fulfill its covenants and obligations under (k) Developer's execution of the Section 7.5. Limitations provisions of this Agreement, obligation to Owner and Devek Grant if the City is entitled (or, entitled) under Section 10.2 of d a result of an Event of Default. ARTICLE VIII. INDEMNIFICATION Section 8.1. lagp^I'hek Affidavit attached hereto as Exhibit K. ial Underthkings of the City. Notwithstanding the Sections 7.1 d7.2 hereof, the City shall have no r this Agreem t to issue an Economic Development passage of time r giving of notice or both, would be Hent to exercise an of the remedies set forth therein as (a) Owner nd Developers release the City and the goveminX body members, officers, agents, servants TO employees thereof (hereinafter, for purposes this Article VIII, the "indemnified p s") from, covenant and agree that the indemnified p ies shall not be liable for, and agree from, defend and hold harmless the indemnified p ies against, any loss or damage to operty or any injury to or death of any person occurring at about, or resulting from any d t in, the Minimum Improvements or the Development Prop Notwithstanding the foreg g, however, Owner and Developers shall have no obligation to indt ydefend or hold h less the indemnified parties against any loss or damage to property oinjury to or 22 death of any person arising in whole or in part from actions taken or not taken by the City on its property adjacent to the Development Property or any property other than the Development Property. /I (b) Except for any willful misrepresentation or any willful or anton misconduct or any awful act of the indemnified parties, Owner and Developers agr a to protect and defend the ind fled parties, now or forever, and further agrees to hol the indemnified parties harmless, om any claim, demand, suit, action or other proceedings otsoever by any person or entity what ever arising or purportedly arising from: (i) any vi ation of any agreement or condition of is Agreement by (except with respect to any it, action, demand or other proceeding brou t by Owner and Developers against the City enforce their rights under this Agreement); (ii) t acquisition and condition of the Develop ent Property and the acquisition, construction, install 'on, owner and operation of the Mi mum Improvements; or (iii) any hazardous substance or nvironmental contamination located in or on the Development Property. (c) The indemni d parties shall not be liable or any damage or injury to the persons or property of Owner and De Topers, or its officers, ents, servants or employees or any other person who may be aboutthe nimum Improver is or the Development Property 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, age ts, servants employees. (d) All covenants, stipulation pro ises, agreements and obligations of the City contained herein shall be deemed. to be a ovenants, stipulations, promises, agreements and obligations of the City, and not of any veining body member, officer, agent, servant or employee of the City in the individual cap ci hereof. (e) The provisions of this Art}ble VIII sh'll survive the termination of this Agreement. (f) Nothing herein shall w ve any of the c to the City of Iowa City, Iowa, un er Code of Iowa be amended from time to time. ARTICLE IX. RESERVED ARTICLE X. DEFAULT AND REMEDIES of governmental immunity available 670.4 as it now exists and as it may Section 10.1. Ev nts of Default Defined. The following sha be "Events of Default" under this Agreement d the term "Event of Default" shall mean, wh ever it is used in this Agreement, any one r more of the following events: (a) Fail a by Owner and Developers to cause the construction f the Minimum Improvements t be commenced and completed pursuant to the terms, conditio d limitations of this Apre nt; 23 (b) Transfer of any interest by Developer in this Agreement or the Development Property or the Minimum Improvements in violation of the provisions of this Agreement. (c) Failure by Owner and Developers to substantially observe r perform any co enant, condition, obligation or agreement on its part to be observed or p ormed under this Agr ement; ( Failure by Developer to pay, before delinquency, a valorem taxes on the Develop ent Property and Minimum Improvements; (e) he holder of any Mortgage on the Development P operty, or any improvements thereon, or an ortion thereof, commences foreclosure proce ings as a result of any default under the applica a Mortgage documents; (f) Owner d Developers shall: (i) file petition in bankruptcy r for any reorganization, arrangement, composition, readjustment, iquidation, dissolution, or similar relief under the United States Bankruptcy Act of 1978, as ended, or under any milar federal or state law; (ii) make an assi ent for the nefit of its creditors; (iii) admit in writing r inabil' to pay its debts generally as they become due; (iv) be adjudicated a bz the adjudication of Owner and Develo; or future federal bankruptcy act or any such petition or answer shall not be d'. thereof; or a receiver, trustee or li Improvements, or part thereof, sha be or insolvent; or if a petition or answer proposing a bankrupt or its reorganization under any present federal or state law shall be filed in any court and or denied within ninety (90) days after the filing r f Owner and Developers or the Minimum ted ' any proceedings brought against Owner and Developers, and she not be lis ed within ni ety (90) days after such appointment, or if Owner and Developers shall co rent to or acquiesce i such appointment; . (g) Any represent on or warranty made by O er and Developers in this Agreement, or made by Owner and D elopers in any written statembqt or certificate famished by Owner and Developers pursuanto this Agreement, shall prove to ave been incorrect, incomplete or misleading in any mate 'al respect on or as of the date of the is ance or making thereof. Sec/(e(o emedies on Default. Whenever any Event o efault referred to in Section 10.1 of thent occurs and is continuing, the City, as specifi below, may take any one or more llowing actions after (except in the case of an vent of Default under subsectior (h) of said Section 10.1) the giving of thirty (30) da 'written notice by the City to ODevelopers, Developer and the holder of the Mortgage ut only to the extent the City formed in writing of the existence of a Mortgage and bee rovided with the address oer thereof) of the Event of Default, but only if the Event o efault has not 24 been cured within said thirty (30) days, or if the Event of Default cannot reasonably be cured within thirty (30) days and Owner and Developers does not provide assuran s reasonably satisfactory to the City that the Event of Default will be cured as soon as reasona ;ypossible: The City may suspend its performance under this AgreemgAt until it receives from Owner and Developers, deemed adequate by the Ay, that Owner and will cure its default and continue its performance under this eement; (b) %Thety ty may terminate this Agreement; (c) may withhold the Certificate of C (d) The City all be entitled to rescind the Eci from Owner and Develo ers all funds expended by the the Note and the funding f the Economic Developm action, including any legal a ion it deems necessary, tc Developers; or )evelopment Grants and recover connection with the issuance of its, and the City may take any such amounts from Owner and (e) The City may take action, includ' g legal, equitable or administrative action, which may appear necessary or des able to coli t any amounts due under this Agreement or enforce performance and observanc of any kligation, agreement, or covenant under this Agreement. (f) The City may draw upon any arantee or security provided to the City pursuant to any of the terms of this Agreement accord' g N its terms. Section 10.3. No Remedv Exclu ve. No rZxnedv herein conferred upon or reserved to the City is intended to be exclusive of a y other avail le remedy or remedies, but each and every remedy shall be cumulative and s all be in additio to every other remedy given under this Agreement or now or hereafter ex' iting at law or in equlkyor by statute. No delay or omission to exercise any right or power acc ing upon any default s all impair any such right or power or shall be construed to be a wai thereof, but any such ri t and power may be exercised from time to time and as often as y be deemed expedient. Section 10.4. No Amvlied Waiver. In the event an\agretcyment contained in this Agreement should be b ached by any party and thereafter wany other party, such waiver shall be limited o the particular breach so waived and sbe deemed to waive any other concurrent, prey ous or subsequent breach hereunder. Section 10.5! Agreement to Pav Attornevs' Fees and Expenses. (i) eveloper shall pay the City's costs and expenses related to am ding the urban renewal are , legal fees related to the creation and ongoing administration of the evelopment Agreeme , and any financial advisor's fees. Such payment shall be made no laterthadays upon re eiving written notice. 25 (ii) Whenever any Event of Default occurs and the City shall employ attorneys or incur other expenses for the collection of payments due or to become due for the enforcement or performance or observance of any obligation or agreement on the part f Owner and Developers he in contained, Owner and Developers agrees that it shall, on d and therefore, pay to the Cit the reasonable fees of such attorneys and such other expensey as may be reasonably and appro 'ately incurred by the City in connection therewith. RESERVED ARTICLE XIh. MISCELLANEOUS Section 12.1. Conflict of Interest. Owner and Deve pers represents and warrants that, to their best knowled9 and belief after due inquiry, no o cer or employee of the City, or their designees or agents, n any consultant or member of a governing body of the City, and no other public official of t City who exercises or has ercised any functions or responsibilities with respect to the Project uring his or her tenure, r who is in a position to participate in a decision-making process or in insider informatio with regard to the Project, has had or shall have any interest, direct or in ect, in any contra or subcontract, or the proceeds thereof, for work or services to be performe in connection ith the Project, or in any activity, or benefit therefrom, which is part of the Proj t at any tiro during or after such person's tenure. Section 12.2. Notices and Demans. A otice, demand or other communication under this Agreement by any party to the other shalle ufficiently given or delivered if it is dispatched by registered or certified mail, postage prepa' return receipt requested, or delivered personally, and (a) In the case of Owner an Develop rs, is addressed or delivered personally to Owner and Developers at 711 S. Gilb rt Street, Io a City, Iowa 52240; 319-354-2233 Attn: Kevin Digmann, with copy to Kirsten . Frey, 920 S. buque Street, Iowa City, Iowa 52240, (b) In the case of the City addressed to or de liv ed personally to City Manager, City Hall, 410 E. Washington Street, Io a City, Iowa 52240, or to such other designated individual or officer or to such other�ddress as any party shall have furnished to the other in writin m accordance herewith. \ Section 12.3. Memo •6ndum of Agreement. The parties agree execute and record a Memorandum of Agreem nt for Private Development, in substantially a form attached as Exhibit D, to serve as no 'cc to the public of the existence and provisions ofis Agreement, and the rights and interests eld by the City by virtue hereof. The Minimum Asse ent Agreement shall be recorded at O ner and Developers' expense. W Section 12.4. 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. / 12.5. Counterparts. This Agreement may be executed m any number of an each of which shall constitute one and the same instrument. Section�6. Governing Law. This Agreement shall be govern d by the laws of the State of Section 12.7. S5ve provision to any persbq Agreement or the applica which it is held invalid, Agreement to legally and If any provision of this or circumstance shall be held an of such provision to persons tl not be affected thereby and 1 nos losely embody the spirit ap Section 12.8. Amendment Waiver. This modified in any respect, unless the s e shall be in by a party of any default by another partshall con) by another party, whether of the same or privilege or service voluntarily given or contractual right by custom, estoppel or amendment reasonably necessary in accord Section 12.9. No Third -Pa shall inure to the benefit of any 1 other person or entity, and no su any other person or entity shall be contained in this Agreement. j it or the application of such then the remainder of this other than those to 3 parties shall thereupon amend this intent of the invalid provisions. may not be amended, waived or y'riting and signed by all parties. No waiver itute a waiver of any other breach or default covenant or condition. No waiver, benefit, d by a party shall give another party any The Mayor is authorized to execute an Ike wry Section 6.1 above ficiaries. N rights or privileges of any party hereto r, contractor, bcontractor, material supplier, or any actor, landowner, ubcontractor, material supplier, or to be a third -party bqneficiary of any of the provisions Section 12.10. Success s and Assigns. This Agreement is nXended to and shall inure to the benefit of and be binding/upon the parties hereto and their respecti successors and assigns. Section 12.11.ination Date. With the exception of theXovenants regarding affordable housing setforth in Section 2.2, this Agreement shallterminate be of no further force or effect on D mber 31, 2037 or upon other cause of termination as pro ' ed herein. Section 12. Entire Agreement. This Agreement and attached exhibits titute the entire agreem of the parties and supersede all prior offers, agreements, arrang is and contracts, wh er oral or written, concerning the subject matter hereof IN WITNESS WHEREOF, the City has caused this Agreement to be duly executed in its name and behalf by its Mayor and its sea] to be hereunto duly affixed and attested by its City Clerk and Owner and Developers has caused this Agreement to be duly executed in their names 27 and on their behalf by their authorized representative(s), all on or as of the day first above written. ATTEST: STATE OF IOWA COUNTY OF On this said County, being duly sv Iowa City, Io Iowa, and s9I of said Mufii( Clerk CITY OF IOWA CITY, IOWA M HIERONYMI P BY: IOW CITY I B HS314, L.L.C. BY: ) SS , L.L.P., SQUARE DEVELOPERS, L.L.C., L.L.C. day of 2017, before me a Notary ublic in and for rs nally appeared and to me person ly known, who i , did say that they are the Mayor and City Clerk, respectively, the City of a, a Municipal Corporation, created and existing under the laws oftke State of Mayor and City Clerk acknowledged said instrument to be the free ac and deed pal Corporation by them voluntarily executed. N`: STATE OF IOWA COUNTY OF JOIR This instrument was Notary Public in and for the State of )SS I before me on this day of 2017, by as of HIER I PARTNERSHIP, L.L.P., Notary Public in and for the State of Iowa STATE OF IOWA \before� COUNTY OF JOHNSONThis instrument was acknowledged this DEVELOPERS, L.L.C. _ day of , 2017, by of HIERONYMUS SQUARE Notary P41ic in and for the State of Iowa STATE OF IOWA / ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this of 20___, by as of IOWA CITY ES HOT , L.L.C. Notary Public in and for the tate of Iowa STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this day of 2017, by , as of HS314, L.L.C. 43 30 The EXHIBIT A 31 1W:I:iPOMP, MINIMUM IMPROVEMENTS Developer shall complete the following minimum improvements and uses on the evelopment Property in accordance with the Development Agreement to which this Exhibit D s attached and as shown on the Concept Plan, attached to the Development Agreement as Exhib't H. 1. "Element" Hotel Developer shall complete a 7 -story, approximate 91 -unit extended stay/hotel comprised of a minimum of 62,000 square fe t. The Developer shall spend a minim of $20,479,836 on total development costs, which sha include building construction and de gn, property acquisition, furniture, fixtures and equip ent, opening costs (working ca tal, training, marketing), construction interest and loan fee developer overhead, parking, �nd professional services and closing costs with a taxable value a imated at $8,460,000. / The hotel entry shall be on ClintonStr et through an appro 'mately 2,800 square foot vestibule, described in more detail below, to be azed with the -story mixed use building described below. The first floor shall be comprise of an appro imate 9,750 square foot lobby, with a reception desk, fitness room, lounge, breakfa t laundry, pantry, and a staff meeting room. Th square foot patio (with a lower and upper terr story mixed use building described below, as through seventh floors shall each be approxi hotel unit shall each have a full compact rt dishwasher and microwave. The City MAnag number of hotel units in accordance with//Secti( the offices, restrooms, a guest meeting room, cc floor shall include an approximate 5,000 and an indoor pool to be shared with the 7- e Ilk as approximately 15 guest units. The third ,ly 575 square feet with 15 guest units. Each en, i%hve g a two -burner stove, refrigerator, shallthe authority to approve the final 2.1 oereement. A stairway and the elevator at the ea4t end of the first floor v hbule will provide access to the second floor and it is anticipated hat Developer will constru and maintain a second floor skywalk to link the vestibule to the City -owned Court Street Transportation Center (CSTC). The Developer shall enter int a franchise agreement with the Mam tt International, Inc., or a subsidiary, for an "Element" Yrand hotel franchise or comparable hotel anchise approved by the City, which approval shall q t be unreasonably withheld. In construction and operation of the Element, the Developer shall obtain tW'Gold Green Seal Certification" upon con7truction of the building, and shall operate the hotel iri,,accordance with said Gold Green Seal rogram, a third -party non-profit environmental certification program for hotels and lodging properties. 32 2. Mixed -Use Developer shall complete a 7 -story mixed use building comprised ofparking garage, commercial space, Class A office space, and five floors of residential units. a Developer shall spend at least $20,273,940 on total development costs for this compo n nt of the Minimum Improvements, which is estimated to create a taxable value of $8,249,195. The first floor will be built for retail use to ensure the street front isActive and engaging. The retail level will be comprised of at least 10,100 square feet and mayye divided into appropriate - sized sections for tenant use,The store fronts shall have large,y transparent windows to encourage and enhance activit( and vibrancy at the street level. h' Level two consists of a minimum f 6,100 square feet of Clas�A office space. As defined by the Building Owners And Managers ssociation Internationa /(BOMA), class A office space is space that is of a quality that is attralqive for premier o9 a users with rents above average for the area. Class A office space has quality stan • and finishes, state of the art systems, - exceptional accessibility and a definite m et presen9d A minimum of 50,000 square feet of residen approximately 45 residential dwelling units. consist of a mix of 5 studios, 10 one-bedroo approved by the City Manager during the ci pursuant to Section 2.1 of the Agreemeg As units one 1 -bedroom and one 2-be�foom) households. / 1gl,dpace on levels three through seven will total JT�X, \de ticipated that the 45 dwelling units will unitd 30 two-bedroom units, or as otherwise ;e oign review and construction plan approval provided) section 2.1 above, at least two of the will be sold to or leased to income qualified All parking required pursuant the Iowa City Code of Ordinances will be satisfied in an underground parking garage panning the entire footprint of lioth the mixed use and hotel buildings described above. t is anticipated that access to the underground parking will be through the Court Stregt Transportation Center in accordance wee an access easement agreement. 7 The Developer shall install rooftop solar modules to generate an estimated 38,732 kWh annually. The design of tjlese Minimum Improvements must be approved by the Form -based Code Committee for conformance with the Riverfront Crossings development standards, as set forth in Iowa City Coda of Ordinances 14-2G. 33 EXHIBIT C CERTIFICATE OF COMPLETION WHEREAS, the City of Iowa City, Iowa (the "City") and ("Developers"), did on or about the day of , 2017, make, execute d deliver, each to the other, an Agreement for Private Development (the "Agreement"), w ein and whereby the Developers agreed, in accordance with the terms of the Agreement, to 06velop and maintain certain real property located within the City and as more particularly desc ' ed as follows: WHEREAS, the Agre ent incorporated and contained ce in covenants and restrictions with respect to the developme of the Development Property, d obligated the Developers to construct certain Minimum rovements (as defined rein) in accordance with the Agreement; and WHEREAS, Developers have to a present date p ormed said covenants and conditions insofar as they relate to the construction f said Minimugh Improvements in a manner deemed by the City to be in conformance with the proved by{Iding plans to permit the execution and recording of this certification. 7 NOW, THEREFORE, pursuant to S that all covenants and conditions of the Developer, and its successors and assign Development Property have been complel released absolutely and forever terminate/( except those covenants set forth in, Recorder of Johnson County, Iowa, isiherel filing of this instrument, to be a conclusiv covenants and conditions of saiAgreenu ::ti/ of the Agreement, this is to certify A ebment with respect to the obligations of the co struct the Minimum Improvements on the d and pormed by the Developer and are hereby insofar as hey apply to the land described herein, of the Agreement. The County authorized to ccept for recording and to record the determination o the satisfactory termination of the a with respect to a construction of the Minimum Improvements on the Development Property. All other covenants and effect until terminatio (SEAL) / ATTEST: By: City Clerk provisions of the Agreement shall provided therein. CITY OF IOWA CITY, 1.2 34 Mayor remain in full force CITY OF IOWA CITY STATE OF IOWA ) COUNTY OF JOHNSON ) On this day of 20 , before me Notary Public in and for said County, personally appeared and to me personally known, who being duly sworn, did say that they are the yor and City Clerk, respectively of the City of Iowa City, Iowa, a Municipal Corporation, cr ted and existing under the laws of the State of Iowa, and that a seal affixed to the foregoin instrument is the seal of said Municipal Corporation, and that sai instrument was signed sealed on behalf of said Municipal Corporation by authority and r olution of its City Co it and said Mayor and City Clerk acknowledged said instrument to be a free act and deed f said Municipal Corporation by it voluntarily executed. the State of Iowa 35 EXHIBIT D WHEREAS, the City of Iowa City, Iowa (the "City") and (the "Developers"), did on or about the —day of 2017 m e, execute and deliver an Agreement for Private Development (the "Agreement"), w herei and whereby the Developers agreed, in accordance with the terms of the Agreement and e City -University Urban Renewal Plan (the "Plan"), to develop certain real property locate within the City and within the City -University Urban Renewal Area and as more pa cularly described as Original Town, Iowa Ci , Iowa ("Development Property"); and WHEREAS, the term' o`f this Agreement shall commence on the and terminate \� ; and WHEREAS, the City and DcS opers desire to record Memorandum of the Agreement referring to the Development Property and their respective i erests therein. NOW, THEREFORE, IT IS AGREED AS 1. That the recording of this Memorand m of Agreement for Private Development shall serve as notice to the public that the Agreeme contains provisions restricting development and use of the Development Property and the mprovements located and operated on such Development Property, and further subject the `Development Property to a Minimum Assessment Agreement entered into under th authority of Iowa Code Chapter 403, in which the City and Developers (and any successors r assigns) agree that, as of January 1, 2020, a full assessment shall be made fixing the mini um actual value af.the Development Property and all improvements located thereof for calcu tion of real property t xes at not less than $16,709,195 after taking into consideration any fa ors such as "roll -backs" hich would reduce the taxable value of the property; and that ctain condominium units to ted within development be dedicated to particular uses. 2. That the Agreemen/imposes certain affordable housing therein, for a period of 20 yes beginning on the date a certificate of property legally -described s: ats as set forth is issued for the 3. That all of tlt6 provisions of the Agreement and any subsequent amendments thereto, if any, even though noF%et forth herein, are by the filing of this Memorandum of Agreement for Private Developme? made a part hereof by reference, and that anyone making any claim against any of said Property in any manner whatsoever shall be fully advised as to all of the terms and conditions of the Agreement, and any amendments thereto, as if the same were fully set forth herein. M1 4. That a copy of the Agreement and any subsequent amendments thereto if any, shall be maintained on file for public inspection during ordinary business hours in the office of the City Clerk, City Hall, Iowa City, Iowa. IN WITNESS WHEREOF, the City and the Red Memorandum of Agreement for Private Redevelopment as of the ATTEST: City M M CITY OF IOWA CITY A CITY ES HOTEL, BY: f HS314, L.L.C. M STATE OF IOWA ) ) SS COUNTY OF JOHNSON ) 37 have executed this of 2017. A Mayor L.L.P., DEVELOPERS, L.L.C., On this day of , 2017, before me a Notary Public in and for said County, personally appeared and to me personally k�own, who being duly sworn, did say that they are the Mayor and City Clerk, respectively, of gie City of Iowa City, Iowa, a Municipal Corporation, created and existing under the laws of/he State of Iowa, and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of said Municipal Corporation by them voluntarily executed. / STATE OF IOWA COUNTY OF This instrument was Notary Public in and for the State of )SS I before me on this ddy of 2017, by as of HIYRONYMI PARTNERSHIP, L.L.P., XNZotarylilic in and for the State of Iowa STATE OF IOWA COUNTY OF JOHNSON f) \ This instrument was acknowledged liefore me on this-, day of 2017, by /as HIERONYMUS SQUARE DEVELOPERS, L.L.C. Notary Public in and for the State of Iowa STATE OF IOWA � )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this day of 20_, by as of IOWA CITY ES HOTEL, L.L.C. Notary Public in and for the State of Iowa IF STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was as kill EXHIBIT E OPINION OF COUNSEL City of Iowa City 410 E. Washington Street Iowa City, Iowa 52240 RE: Agreement for Private Development by and among the City of Iowa City, Iowa, Hieronymi Partnership, L.L.P., Hieronymus Square Developers,, LEC., Iowa City ES Hotel, L.L.C. and HS314, L.L.C. Dear City Representatives: I have acted as counsel for Hieronymi Pai Developers, L.L.C., Iowa City ES Hotel, L.L.C. "Developers"), in cnnection with the execution and del Development (the " � evelopment Agreement") betweei City, Iowa (the "City") ated as of 20h. I have examined tAe original certified satisfaction as being true copies, f the following' (a) The organization d gpera (b) Resolutions of thebvelop the transactions cqered by (c) The Development Agreement; ier'ship, L.L.P., Hieronymus Square is HS314, L.L.C. (collectively the ery of a certain Agreement for Private the Developers and the City of Iowa or copies otherwise identified to my agreements of the Developers; at which action was taken with respect to i opinion; and such other documents and re ids as I have deemed relevant,and necessary as a basis for the opinions set forth herein. \ Based on the pertinerjt law, the foregoing examination and such other inquiries as I have deemed appropriate, I am othe opinion that: I. The Developers were duly organized and validly exist as a limited liability partnership and limited, liability companies under the laws of the State of Iowa and are qualified to do business in the State of Iowa. The Developers have full power and authority to execute, deliver and perform in full the Development Agreement; and the Development Agreement was duly and validly authorized, executed and delivered by the Developers 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 Developers 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. 40 2. The execution, delivery and performance by the Developers of the Development Agreement and the carrying out of the terms thereof, will not result in violation f any provision of, or in default under, the articles of organization and operating agreement of�ie Developers or any indenture, mortgage, deed of trust, indebtedness, agreement, judgment, d�PTT,,C(�rree, order, statute, rule, regulation or restriction to which the Developers are a party or by which it or its property is bound or subject. 3. There are no actions, suits or proceedings pending of threatened against or affecting the Developers in any court or before any arbitrator or befgre or by any governmental body in which there is a reasonable possibility of an adverse dec}§ion which could materially adversely affect the business (present or prospective), financial position or results of operations of the Developers or which in any manner raises any quest�Z affecting the validity of the Agreement or the Developers' ability to perform their obligati9ns thereunder. Sincerely, 41 EXHIBIT F MINIMUM ASSESSMENT AGREEMENT THIS MINIMUM ASSESSMENT AGREEMENT, dated as of this / day of 2017, by and among the CITY OF IOWA CI IOWA, ("City"); HIERONYMI PARTNERSHIP, L.L.P., an Iowa limited liability partners p; HIERONYMUS SQUARE DEVELOPERS, L.L.C., an Iowa limited liability company, IOWA CITY ES HOTEL, L.L.C., an Iowa limited liability company, and HS314, L.L.C., an Iowa limited liability company (hereinafter collectively "Developers"), and the CITY ASSESSORo /ithe City of Iowa City, Iowa ("Assessor"). / WITNESSETH: WHEREAS, it is ontemplated that the Developers wil ndertake the development of an area ("Project") within th City and within the "City -U ' ersity Urban Renewal Area," as amended; and WHEREAS, the City is mmaking a significant gr t of funds to the developer which will allow the Developer to construct th Project; and WHEREAS, the City will be re' bursed r such grant from the property tax revenues generated from the Project; and WHEREAS, pursuant to Iowa Code tion 403.6 (2017), as amended, the City and the Developer desire to establish a minimum aal ,alue for the land legally described in Exhibit A to the Agreement for Private Development; and WHEREAS, the City and Pe Assessor have 1reviewed the preliminary plans and specifications for the Minimum Impfovements to be erected a part of the development; NOW, THEREFORE, /the parties to this Minimurn\Assessment Agreement, in consideration of the promises, ovenants and agreements made by each other, do hereby agree as follows: 1. As of January 1, 2020, a full assessment shall be made fixing the minimum actual taxable value for assessment purposes for the land and Minimum Improvements to be constructed thereon/by the Developers at not less than $16,709,195\fter taking into consideration any factors such as "roll backs" which would reduce the taxalie value of the property ("Assessor's Minimum Actual Value"). The parties hereto acknowledge and agree that construction of the Minimum Improvements will be substantially completed on or before December 31, 200. 2. The Developer contemplates that a portion of the Project will be residential condominium units which will be subject to the property tax "roll -back" referred to previously. CP7 Developers agree that at the time of the execution of the declaration required by Chapter 499B Horizontal Property (Condominiums) of the Code of Iowa (2017) an attachment to the declaration will be executed by the Redeveloper, the City and the City Assessor allocating a portion of the Minimum Actual Value to each unit. 3. Developers agree that the difference between the Minimum Actual Values (as adjusted pursuant to paragraph 2 hereof) and the amount allocate the residential condominium units (as set forth in paragraph 2 hereof) will be allocated to remainder of the Project. 4. The Minimum Actual Values (as adjusted pursuant to p�ragraph 2 hereof) herein established shall be of no further force and effect and this MinimuFn Assessment Agreement shall terminate on December 31, 2034. Nothing herein shabe deemed to waive the Developers' fights under Iowa Code section 403.6(19) (2017), as amende to contest that portion of any ac al value assignment made by the Assessor in excess of the MinIT um Actual Values (as adjus d pursuant to paragraph 2 hereof) established herein. In no event however, except as set orth paragraph 2 hereof, shall the Developers seek to reduce the ac al value assigned ) ow the Minimum Actual Value (as adjusted pursuant to paragraph 2 here established herein during the term of this Agreement. 5. This Minimum Assessn Developer with the Recorder of Johnson 6. Developer has provided a title as of the date of this Assessment Agreement < Assessment Agreement, which consents ar7 it shall be promptly recorded by the at Developer's expense. n to the City listing all lienholders of record such lienholders have signed consents to this �Jiereto and made a part hereof. 7. Neither the preambles 96r provisions of this Minimum Assessment Agreement are intended to, nor shall be construed as, modifying the terms of the Agreement for Private Development between the City; �rDevelopers. 8. This upon the successors and ATTEST: LE .ssessment Agreement shall inure of the parties. City Clerk CITY OF IOWA CITY, 43 the benefit of and be binding , Mayor HIERONYMI PARTNERSHIP, L.L.P., BY: HIERONYMUS SQUARE DEVELOP/,L.L.C., BY: IOWA CITY ES HOTEL, L.L.C. BY: L.L.C. STATE OF IOWA ) ) SS COUNTY OF JOHNSON ) On this day of before me a Notary Public in and for said County, personally appeared and \ being duly sworn, did say that they are the Mayor and Cit Iowa City, Iowa, a Municipal Corporation, created and existi Iowa, and said Mayor and City Clerk acknowledged said inst of said Municipal Corporation by themsoluntarily executed. i STATE OF IO 161810MMK919 Notary Public in and )SS , to me personally known, who k, respectively, of the City of under the laws of the State of nent to be the free act and deed the State This instrument was acknowledged before me on this day of , 2Q1 7, by , as of HIERONYMI PARTNERSHIP, L.L.P., Notary Public in and for the State of Iowa 44 STATE OF IOWA ) )SS COUNTY OF JOHNSON ) This instrument was acknowledged before me on this day of 2017, by as of HIER'-o T 7 SQUARE DEVELOPERS, L.L.C. Notary Public in and for the Stat of Iowa STATE OF IOWA COUNTY OF JOHNSON This instrument was ack . as STATE OF IOWA COUNTY OF JOHNSON This instrument was acknowledged . as )SS before me on this _day of 20, by \ of IOWA CITY ES HOTEL. L.L.C. in and for the State of Iowa e on this day of 2017, by 314, L.L.C. Notary Public in and for th State of Iowa 45 CERTIFICATION OF ASSESSOR The undersigned, having reviewed the plans and specifications for the Minimum Improvements to be constructed and the market value assigned to the land upon which the Minimum Improvements are to be constructed for the development, and b/Agreeme e opi ion that the minimum market value contained in the foregoing Minimum Assessmeme t appears reasonable, hereby certifies as follows: The undersigned Assessor, beinges,onsible for the assessment of the property subject to the development, upon cof Minimum Improvements to be made on it and in accordance with the Minimum At Agreement, certifies that the actual value assigned to such land, building and equipmcompletion of the redevelopment shall not be less than $ after taking sideration any factors such as "roll -backs" which would reduce the taxable value of erty. Of this amount, Dollars () is determined to be the value ($ ) the value of Assessment Agreement pursuant of the land and _ the buildings thereon th the terms hereof. STATE OF IOWA ) COUNTY OF JOHNSON ) Subscribed and sworn to before me Iowa City, Iowa. Date until Assessor for Iowa Vity. Iowa Public in and for 46 Dollars of this Minimum Assessor for County, Iowa EXHIBIT G TEMPORARY CONSTRUCTION EASEMENT AGREEMENT FOR USE OF (STAGING PROPERTY) AND A PORTION OF THE COURT STREET TRANSPORTATION CENTER This Temporary Construction Easement Agreement is made on this day of , 2017, by and among the CITY OF IOWA CITY, IOW , ("City"); HIERONYMI PARTNERSHIP, L.L.P., an Iowa limited liability partnership; HI ONYMUS SQUARE DEVELOPERS, L.L.C., an Iowa limited liability company, IOWA Cl ES HOTEL, L.L.C., an Iowa limited liability company, and HS314, L.L.C., an Iowa limited lid ility company (hereinafter collectively "Developers") / WHEREAS, Hiemoymi Partnership, L.L.P is the fee owner of certain real estate addressed as and legally described -( "Dev opment Property"); and WHEREAS, the City of Iowa Pity is the fee owner of certain real estate legally described as ( taging Property"); and WHEREAS, Developers and the ity have entered into ar� Agreement for the Private Development of said Development Pro y, with a memorandum of said agreement having been recorded with the Johnson County Recordle in Book Page _ on 20_; l WHEREAS, Developers have requested the City rmit,,,the temporary private use of the certain portions of the Staging Property and the Court Street ansportafion Center parking facility, all as shown on the Exhibit A, attached hereto and incorporq erein by this reference; and WHEREAS, the City of Iowa City, Iowa, is public property; and WHEREAS, the Public Works Director impacts on municipal functions will be uses is in the public interest; and 11 ale for 11 a care, supervision, and control of the requested pri ate use, and finds that the and also finds tha such temporary private WHEREAS, the Director of Transpoftation Services has reviewed the requested temporary private use of the Staging Area and the Court Street Transportation Center parking facility, and finds that with certain conditions to mitigate the loss of parking spaces in the Court Street Transportation Center, such request is reasonable NOW, THEREFORE, IN MUTUAL CONSIDERATION OF THE PROMISES HEREIN, THE PARTIES HERETO AGREE AS FOLLOWS: 47 1. In consideration of the City's permission herein to temporarily close a portion of a City property during construction of the project detailed in the above-described Development Agreement, Developers agree to: a. secure the temporary easement area shown in Exhibit A against vehicular or p estnan traffic by providing adequate pedestrian passage, adequate traffic control, by roviding adequate signage, and by securing all open excavations from pedestrians, thereb ensuring public safety. 2. In consideration of Developers' promises herein, the City agrees to allow Developers to temporarily fence and close that area shown on Exhibit A pursuant to the 11nlutations set forth in this easement agreement and the Agreement for Development. 3. Developers agree to provide, keep in place, and maintain in gopd working condition certain fencing and signage necessary to do the following: a. route pedestriansthlough or around the closed area as approved by the City during construction; b. provide adequate advanc warning of such closure d c. provide for the orderly and\\1�edictable movemegt'of traffic. All signage shall be in accordancewith the Federal Highway Administration Manual on ffi Uniform Trac Control Devices. / 4. Developers shall be responsible for within the easement which could be d not limited to, signage, parking gate) electrical services. 5. Developers agree to claims for bodily injury, public property under th employees and assigns be alleged against the i >val, storage, and replacement of items located during the construction. Items include, but are ,s, bricks, planters, downspouts, lighting and iffy, defend and ho or property damage ;ement, and those o the City harmless against any and all sine out of their actions and use of the cifically including any and all as a result of its decision to all contractors, subcontractors, agents, aims and/or liabilities which may a portion of public roperty described herein. Developers liability insuran(in the minimum amounts of $500,000 aggregate coverage insurance shall subrl injury, and $250,000 aggregate property do pers to temporarily close agree to carry Class II occurrence, $1 million with contractual liability )tided. Developers shall famish a certificate of insurance evidencing said valid verage to City, which certificate must be satisfactory to the City. Developers a certificate of insurance to the City prior to the commencement of construction. 6. If Developers fails to restore the easement area to the City's satisfaction as required in this Agreement, the City may restore the easement area, and the cost thereof shall be billed to M Developers for payment to City. Upon Developers' failure to pay said billing, the removal costs shall be certified to Johnson County as a statutory lien and assessed against the property and collected in the same manner as a property tax, as provided in Section 364.12(2)(e), Iowa Code (2017). 7. City and Developers agree this Temporary Agreement shall remain in effect/until completion of the Project and restoration of the easement area pursuant to Section 6 erem, with an anticipated commencement and completion date as set forth in2.4 of the Development Agreement described above. 8. Notwithstanding the above, Developers agree to cease and desist their tempprary use and closure of the easement area and to remove any and all obstructions from said//easement area in the event of a breach of this Agreement. 9. Developers acknowledge akd agree that no property right is confeyied by this grant of permission to use the easement\uea. 7 10. This Agreement shall consti to a covenant running with th�Jand, and shall be binding upon and shall inure to the benefit of the respective heirs, successors in interest, and assigns of both parties. 11. This Agreement for Temporary County Recorder's Office, at Develi W, shall be recorded in the Johnson EXHIBIT H CONCEPT PLAN s N a 9 U W r x v �d z 0 N z O f Zz Q s W w m 3 z x S NEUMANN MONSON ARCHITECTS NORTH PERSPECTIVE P202 NEUMANN MONSON ARCHITECTS NORTHWEST STREET PERSPECTIVE P203 HIERCU"muJ 1ERW a�.roerzor NEUMANN MONSON ARCHITECTS HIERONYMUS 16.050 09/08201] Mnwoon rmYM my M ldMb! L� Nom\ 1 l y LElYp11A t101E1 Y-IO�Y •EY YY MY Ip16.ptl•.piF /11•Y 1'=s0.-0' i Pioi FLOOR PLAN - LEVEL ONE MSF mw Ip16.ptl•.piF /11•Y 1'=s0.-0' i Pioi FLOOR PLAN - LEVEL ONE e� IBEO IPfP Yltf ttE of I�l�af noel sE no io�o Ie aurtE nnmE ne eurre arvmF mas wef wv wu waf Inn n NEUMANN MONSON ARCHITECTS HIERONWUS Woo Os =l7 1 -200 - 1 P103 FLOOR PLAN - LEVELS THREE. FIVE, AND SIX NEUMANN MONSON ARCHITECTS HIERONWUS 16.050 08/05/2011 rr mm M.r ar r� . s My » E na 11 iii mw rw w,w mr lsM ,.P.R la o wImw RIIDpm rw rw rr rw mw r=zaa O P104 FLOOR PLAN - LEVEL FOUR NEUMANN MONSC vr•+•a 0P109 -A NEUMAI HIERONYML 16.050 09/OMQ017 Pilo EXHIBIT I TEMPORARY USE OF RIGHT-OF-WAY AGREEMENT This Agreement is made by and between , hereinafter "Developers" and the City of Iowa City, Iowa, a municipal corporation, hereinafter referred to as "City." WHEREAS, Developers are the fee owner of certain real estate addressed as 711 S. Gilbert Street, Iowa City, Iowa; and WHEREAS, Developers are undertaking construction of a hotel and mixed use Puilding on the property, and have requested the right to install certain temporary intrusions into he public right- of-way; and WHEREAS, the City of Iowa City, Iowa is responsible for the care, supsion, and control of public right-of-way; and WHEREAS, the De artment of Public Works has reviewed the propgsed temporary use of the right -of --way, and finthe temporary use is not structural, is a miiiii�ial intrusion into the public right-of-way, and also ds that such temporary use is in the public ifiterest. NOW, THEREFORE, INS TUAL CONSIDERATION OFPE PROMISES HEREIN, THE CHAUNCEY AND THE C AGREE AS FOLLOWS: 1. In consideration of the Cit ' permission herein toemporarily use of that portion of City right-of-way for the Project �escribed above/Developers agree to maintain adequate pedestrian passage, traffic control, and signage as may be necessary to reasonably ensure public safety. 2. In consideration of Developers' protpises herein, the City agrees to allow Developers to temporarily use that portion of the rigl�- o f -way shown on the attached exhibit for the purpose of constructing theMinimum Improvements described in the Developer's Agreement executed by tiam the par�'es hereto on or about 2017, recorded in Book Page in the records of the Johnson County, Iowa Recorder's Office. / 3. Developers shall be.fesponsible for the removal, storag , and replacement of items located within the right-of-way which could be damaged during t) c construction of such temporary uses. Items include, but are not limited to, downspouts, \ lectrical services, signage and sidewalks. 4. Developers agree to indemnify, defend and hold the City harmless against any and all claims for bodily injury, death or property damage arising out of its actions and use of the public right-of-way under this agreement, and those of its contractors, subcontractors, agents, employees and assigns specifically including any and all claims and/or liabilities which may be alleged against the City as a result of its decision to allow Developers to 51 temporarily close a portion of right-of-way adjacent to their property as described herein. Developers further agree to carry Class II liability insurance in the minimum amounts of $500,000 each occurrence, $1 million aggregate bodily injury, and $250,000 aggregate property damage with contractual liability coverage included. Developers shall furnish a certificate of insurance evidencing said valid insurance coverage to City, which certificate must be satisfactory to the City. Developers shall submit a certificate of insurance to the City prior to the commencement of construction of the temporary uses contemplated herein. 5. After the construction is complete, Developers agrees to restore any and all portions of the right-of-way substantially to its original condition. If Developers fails to restore the right- of-way to the City's satisfaction as required in this paragraph, the City may restore the right-of-way, and the cost thereof shall be billed to Developers for payment to City Upon Developers' failure to pay said billing, the removal costs shall be certified to ohnson County as a statutory lien and assessed against the property and collected i the same manner as a property tax, as provided in Section 364.12(2)(e), Iowa Code (201 . 6. Developers agree to cease and des, t its temporary use and/or closure of th�public right-of- way and to remove any and all obs ctions from said right -of --way at y time upon the occurrence of any one of the followi\and/or a. a breach of this agreement; b. the use of the property changestemporary use�of the public right-of-way is no longer needed or appropriatined by the City; C. within thirty (30) calendar days after the Developers. 7. If Developers fail to remove any obstructions, ba of -way as required in this agreement, the Ci Vn signage, and the cost thereof shall be bill to written notice of removal to or signage from the public right- ve the obstructions, barricades or ers for payment to City. Upon Developers' failure to pay said billing, t}�e removal cost shall be certified to Johnson County as a statutory lien and assessed/against the prope and collected in the same manner as a property tax, as provided jn Section 364.12(2)(e), I Yva Code (2017). 8. Developers acknowledge and agree that no property right is coon ed by this grant of permission to use the publi right -of --way; that the City is not emp eyed to grant a permanent use of its right 9 -way for private purposes; 9. This Agreement shall, constitute a covenant running with the land, and shall be binding upon and shall inure to the benefit of the respective heirs, successors in interest, and assigns of both parties. 52 10. This Agreement for Temporary Use of Public Right -of -Way shall be recorded in the Johnson County Recorder's Office, at Developers' expense. Dated this day of CITY OF IOWA CITY Geoff Fruin, City Manager Approved by: City Attorney's Office STATE OF IOWA ) ) SS: JOHNSON COUNTY ) El DEVELOPERS 0 CITY ACKNOWLEDGMENT On this _ day of 20 before me, the u for the State of Iowa, personally appeared Geoff Fruiin to me by me duly sworn, did say that he is the 'ty Manager of th foregoing instrument was signed on behal f the C/unntar Council, and that he acknowledged the execu 'on of deed and the voluntary act and deed of the City, it ped, a Notary Public in and onally known, and, who, being :ity of Iowa City, Iowa; that the a City, by authority of its City lent to be his voluntary act and executed. My commisNkon expires: STATE OF IOWA ) \ ss: JOHNSON COUNTY) This instrument w acknowledged before me on this day c and , as members of Notary Public in and for the State of Iowa 53 20_, by EXHIBIT J AFFORDABLE HOUSING USE DEED RESTRICTION [If owner -occupied affordable housing, insert legal description of the specific units to be designated as "affordable housing". Ifaffordable rental units, insert legal description of the entire property] 1. The above-described property is subject to affordable housing use restrictions setf fth in Iowa City Code of Ordinances 14-2G-8 and an Agreement for Private Development, entejd into on or about , 2017 between City and recorded in Book. Page _ of the records of the Johnson County, Iowa Recorder. 2. The parties acknowledge that said Agreement is a covenant running wjth the land and with title to the land, and shall remain in full force and effect as a covenant with title to the land. The City is benefited by the above-describeo affordable housing use re ctions, and thus must approve any sale of the property upon i s determination that thejale complies with the sale restrictions set forth in Iowa City Code of rdinances 14-2G-8D)(d), as may be amended from time to time. 3. The above-described use restrictions temi)nate on (20 years from issuance of CO). 54 EXHIBIT K. WAGE THEFT AFFIDAVIT STATE OF IOWA ) ) ss: JOHNSON COUNTY) I, , upon being duly swom, state as follows: / 1. I am the of ("Developer") and h �4e the authority to execute this affidavit on behaf of said Developer and any pe or entity with an ownership interest in said Dev oper of more than 25%. 2. Neither Developer nor any person or entity wi 25% of Developer has been adjudicated administrative proceeding of committing a repe Wage Payment Collection law, the Iowa Mi Labor Standards Act or any comparable state governs the payment of wages in the last 5 years. This instrument was acknowledged before me on this as of R1 55 an ownership interest of more than lty or liable in any Judicial or ted or willful violati n of the Iowa mum Wage Act,/the Federal Fair Statute or local ordinance, which by State of Iowa EXHIBIT L Iowa City Riverfront Crossings Affordable Housing Requirement Administrative Rules Adopted August 22, 2017 The Iowa City City Council adopted Ordinance 16-4668 on July 5, 2016 to Affordable Housing Requirement in certain areas of the City. Those requ codified in Iowa City Code of Ordinances 14-2G8. Pursuant to 14-2G-1 Manager does hereby establish rules deemed necessary and not inconsis 2G-8 to assure that the purposes of the Affordable Housing Requi accomplished. These Administrative Rules shall be placed on file with�t� and made available on the City of Iowa City website. I. General Requirements Rezoning stablf h an me - s are I, he City t with 14- nents are City Clerk Upon rezoning property to a Rivert nt Crossings zoning designation, the owner will be required to enter into an agreement 'th the City to indicpte which method or methods it will use to achieve the affordable ho sing requirement. Typically this agreement will take the form of a conditional zoning a, reement, w ich must be executed prior to the close of the public hearing on the rezonin Subdivision Upon subdividing property in the agreement indicating the method affordable housing requirements/ Agreement executed contempopne Building Permit ront Crossings District, if there is no zoning iethods the owner will use to achieve the ndication shall be made in the Developer's with the final plat approval. Contemporaneously,,,With an application for a buildin permit, an owner or developer shall complete tD "Application Regarding Riverfront Crossings Affordable Housing Requirement', attached hereto as Exhibit A. This a plication shall be filed with Neighborhood/Development Services (NDS) with the applicption for the building permit. NDS will process this application along with the building permit application, so that the building permit and an affordable housing agreement, can be entered into contemporaneously. No building permit may be issued unless and until such an agreement has been executed. The agreement shall take a form substantially similar to that attached hereto as Exhibit B. The City Manager has the authority to execute this 56 agreement, which shall be recorded in the Johnson County Recorder's Office pursuant to 14 -2G -8(c). II. On -Site Owner -Occupied Affordable Housing Determining Income The seller shall be responsible for determining the income of the prospective buyer's household to determine eligibility for the affordable owner -occupied units before closing on the sale. If the sale does not close within six months after the income -eligibility determination has been made, the seller must re-examine the homebuyer' income. The City's consent to the sale is required and will be granted upon a City's confirmation that the buyer's household is income eligible and the pur hase price complies with the ordinance and these rules. At least 30 days prior to clo ing, after the seller determines that the buyer is income -eligible, the seller must sub it the requisite income documentation to the Director of Neighborhood Developm n. Services. The Director or designee will, within 5 business days of the submittal, review the documentation, request any necessary additional documentation and confirm or deny the income -qualification determination This confirmation or denial will be in writing sent to the seller either via email or trough the United States P �al Service at the seller's discretion. \ The seller and the City shall use the nnual income defpibon set forth in the HUD Part 5, Section 8 regulations found at 2 CFR 5.609, as amended, to determine if the household is income -eligible. The Part definitionzof income is the gross amount of income of all adult household members at is anticipated to be received during the coming 12 -month period. In performing its evi l shall submit a completed "Calculating Part / r proposed buyer's income and shall pro�de h thereto. Income -eligibility must be documented statements (or three months of p7yfstubs), assistance agencies that identify assistance assistance, etc.), and document ion of income from retirement funds or pensions. of the income qualification, the seller ual Income" (Exhibit C) detailing the supporting documentation attached th source documents such as wage ink statements, letters from public a mounts (Social Security, welfare eived in periodic amounts such as Exhibit D provides a corn rFehensive list of income that �s included and excluded from the calculations of annual income under Part 5. There is no asset limitation for the household; however /actual income from assets is recognized under the Part 5 definition, even if the household elects not to receive the )ncome. For example, if a household elects t9/reinvest the interest or dividends from an sset, it is still counted as income. \ Median income is based on HUD's HOME income limits for the IowA City, IA HUD Metro area, adjusted annually per household size (current limits identified in Exhibit F). Median income is based on household size. If a household consists of a parent and child, it is a 57 two person household. If two unrelated adults share a household, incomes from both must be included as they would be considered a two person household. If the homebuyer is a full-time student, the student is eligible if neither parent claims the student as a dependent on their state or federal taxes. Documentation from both parents must be submitted to verify, unless extenuating circumstances make such production impossible. Dwelling Unit Size and Quality The affordable dwelling units must be comparable to the market rate units of tv same type. The affordable dwelling units shall be at least 80% of the floor area oft market rate units. The affordable housing dwelling units should have the same umber of bedrooms and types of amenities as the market rate units, unless otherwi a approved by the City Manager. Location The affordable housing units shall be distr uled throughout the 6velopment to avoid concentration of units, unless a different istribution will he t in the provision of additional affordable housing units. This ma be approved on case by case basis by the City Manager. Should the City Manager agree to allow he affordable units to be located together, a finding that such a con entration w)'1 result in the provision of additional affordable housing units should bg set fofth in the Affordable Housing Agreement. The additional affordable housing nits cmated to allow this concentration will be subject to the same use restrictions as any o er required affordable housing unit under 14-2G-8. Sales Restrictions For newly -constructed owner-occupie /affordable hdusing units, the 2017 maximum sale price is $214,000, regardless o the number of bedrooms, which is based upon the current HUD Homeownership Sal § Price Limit for Johnson County. The maximum sale price for subsequent sales of owner -occupied affordab) t housing unit during the term of affordability (established)n 14-2G-8) shall not exceed tree original purchase amount paid by the original ho owner or the HUD Homeowner ip Sales Price Limits for Johnson County, IA, adjusted annually, whichever is greater, cept for those allowable expenses set forth iq 4-2G-8D(2)(d). In all cases where an owner -occupied affordable housing unit is. to be sold, the City must approve the purchase price and the determination that thl buyer is income - eligible. The seller must submit any and all documentation supporting the sales price to the Director of NDS in a timely manner at least 30 days prior to closing in order for the City to analyze the information and properly consider the request prior to closing. In determining whether to approve a sale price, the City will consider the following:: W 1) "Customary closing costs and costs of sale to be those identified in the Iowa closing disclosure statement, such as title services, appraisal, recording and loan origination fees. 2) Permanent Capital Improvements. In cases where the homeowner has installed capital improvements, the value of these improvements, as documented by receipts and the building permit documents, may increase the sales price by the amount of the eligible improvement. A capital improvement increases your home's value, while a non-eligible repair returns something to its original condition. Replacing a countertop or bathroom feature would not be considered an eligible capital improvement. An example of a capital improvement would be the addition of a bathroom. At least 30 days prior to closing, t e seller must submit the requis' a documentation to support the sale price to the Dire for of NDS. The Director or signee will, within 5 business days of the submittal, eview the documentation, quest any necessary additional documentation, and co irm or den/email ' e. This confirmation or denial will be in writing sent to the Iler eitherhrough the United States Postal Service at the seller's discretio . Owners are cautioned about significant apital ias the home must be sold to an income eligible homebuyer under 110% ome. if the price exceeds the maximum HUD Homeownership Sales Prictential number of income eligible buyers may be reduced. \ III. On-site Affordable Rental Housina The initial income qualification process Kr on -s same process -as set forth above for9 -site ow that an owner must review the inc me qualific affordable housing dwelling uni annually to reexamination shall be comple d annually and lease renewals, the City will ccept a copy of 1040) submitted by all aduJ members of the hoi to affordable rental housing shall be the ner-occupied affordable housing, except 3tNns for tenants occupying designated de ermine continued compliance. The befo a execution of a lease renewal. For the ost recent federal tax form (Form iseholc� as income verification. If the tenant is no Ion 6r income eligible, notwithstandinhe location requirement set forth in the Code andlas approved by the Director of ND , the next available unit with the same bedroom size or larger in the project property n6ust be rented to an income eligible tenant. The property owner shall submit an Annual Tenant Housing eport (Exhibit E) for the designated affordable housing rental units. The report shall b submitted each January 30 for the preceding calendar year throughout the complian period. At a minimum, the report shall include the name of the household, unit nu ber/address, lease dates (most recent lease or renewal date), rent amount, number of bedrooms, size and 59 income of the household. Neighborhood Services staff shall verify compliance within 30 days and may request income documentation for all or a portion of the qualifying tenants. The property owner shall retain tenant income and rent for the most recent three years, until three years after the compliance period. Rental Rate The monthly rate for the affordable housing units shall not exceed the HO E Fair Market Rent, per applicable bedroom size, as published by HUD for the to City, IA HUD metro area, as adjusted annually. These rents may be foun online at www.icgov.org/actionplan under HOME Table of Income Guidelines an Fair Market Rent (2017 rents identified in Exhibit F). If the owner desires to satisfy this obligati n through off-site affordable housing or through the dedication of land, the owner mut establish that it would be infeasible to provide the affordable units on-site or to prove e a fee in lieu of the on-site units, as reasonably determined by the City. If the own r is able to establish this, the City's determination must be reflected in the findings oftoe conditional zoning agreement. If the property is not subject to a conditional zoning agreement already establishing the method of achieving affordability and the owner de i s to satisfy this obligation through off-site affordable housing or through the dedication ibf land, the owner must establish that it would be infeasible to provide the aff9rdable units on-site or to provide a fee in lieu of the on-site units, as reasonably d�ermined by the City. If the owner is able to establish this, the City's determination must be reflected in the findings of the affordable housing agreement. In reasonably determining whet'h6r an owner has establisheid that providing the units on-site or paying the fee in lie}rthereof is not feasible, the City`,will consider such factors as whether the cost of constructing the unit exceeds the current maximum sale price for affordable units, as set forth in the Code of Ordinances, and whether the common maintenance expenses,each owner would be required to pay would be cost prohibitive for income -qualified households. The off-site affordable housing units may be satisfied by designating existing or newly constructed dwelling units in the Riverfront Crossings District, as defined in Iowa City Code 14-2G-2, as may be amended from time to time, as affordable dwelling units, subject to the use limitations set forth in 14-2G-8 and herein. V. Fee -in -Lieu Contribution Z As of July 5, 2016, the City Council adopted a resolution setting the fee at $80,872 per unit. The fee -in -lieu contribution shall be made prior to issuance of any building permit for the development for which affordable housing is required pursuant to City Code 14- 213-8. Exhibits A. Application Regarding Riverfront Crossing Affordable Housing Requirement B. Affordable Housing Agreement C. Calculating Part 5 Annual Income D. Income Inclusions and Exclusions E. Annual Tenant Housing Report Form F. Table of Income and Rent Limits 61 Calculating Part 5 Annual Income EXHIBIT - CITY OF IOWA CITY 1. Name: 2. Household Size: 3. Project Address: ASSETS Family Current Cash Value Member Asset Description of Assets Actual Income from Assets 4. Net Cash Value of Assets ....................... --.... 14. 5. Total Actual Income Assets........................................................................ 5. 6. If line 4 is greater than $5,000, multiply line by .02 (Passbook Rate) and enter results here otherwise, leave blank 6. ANTICIPATED ANNUAL INCOME Family a. Wages/ b. Benefitst c. Public d. Members Salaries Pensions Assistance Other Income Asset Income Enter the greaterof lines 5 or 8 from above in e. 7. Totals a. b. c. d. e. 6. Enter total of items from 7a. through 7e. This is the Ann !Inc pre ........................ 18. Signature Income % of Median Income Maximum Income Limit of Household (See Affordable Housing Agreement): Circle: 60% 80% 110% INCOME ELIGIBLE: Circle: Yes No (Attach supporting income documentation to this form. Retain for three years.) Revised 6/2 712 01 6 EXHIBIT %J�. 4350.3 REV Income Inclusions and Exclusions 24 CFR 6.609(b) and (c) Examples Included In parentheses have been added to the regulatory language for clarification. INCOME INCLUSIONS (1) The full amountbefore any payroll deductions, of wages and salaries, overtime pay, commissions, fees, tips and bonuses, and other compensation for personal services; (2) The net income from operation of a business or Profession. Expenditures for business expansion or amortization of capital indebtedness shall not be used as deductions In determining net Inco An allowance for depreciation of assets used in a business or profession may be deducted, ad on straight line depreciation, as provided In Internal Revenue Service regulations. Any w d/////drawal of cash or assets from the operation of a business or profession will be included in into e, except to the extent the withdrawal Is reimbursement of cash or assets Invested in the ops on by the family; l (3) Interest, dividends, and other net Income o ny kind from real or personal P? kerty. Expenditures for amortization of capital Indebtedness shall of be used as deductions it elennining net income. An allowance for depreciation Is perm ed only as authorized I paragraph (2) above. Any withdrawal of cash or assets from en Invest nt will be included' Income, except to the extent the withdrawal is reimbursement of cash orVsets investegby the family. Where the family has net family assets In excess of $5,000, annual inc a shall ludo the greeter of the actual Income derived from all net family assets or a percent of a value of such assets based on the current passbook savings rate, as determined by HUD; (4) The full amount of periodic amounts received fromp6clal sect) ity, annuities, Insurance policies, retirement funds, pensions, disability or death bgifts, and oth similar types of periodic receipts, including a lump -sum amount or prospective onlhly amounts fo he delayed start of a "periodic amount (e.g., Black Lung Sick beneefs, V t raps Disability, Depen nt Indemnity Compensation, payments to the widow of a servicer flied in action). See paregrr3 h (13) under Income Exclusions for an exception to this ragraph,' (5) Payments in Eau of earning_y6ch as unemployment, disability compensattion, worker's compensation, and seveWoe pay, except as provided in paragraph (3) uni(er Income Exclusions; (6) Welfare Assistance. (a) Welfare assistance received by the family. (b) If the welfare assistance payment includes an amount specifically designated for shelter and utilities that is subject to adjustment by the welfare assistance agency in accordance with the actual cost of shelter and utilities. the amount of welfare assistance income to be included as HUD Omupency Handbook 1 00107 Chapter 5: Determining Income & Calculating Rem 4350.3 REV -1 CHG3 income shall consist of. (c) The amount of the allowance or grant exclusive of the amount specifically designated for shelter or utilities; plus (d) The maximum amount that the welfare assistance agency could In fact allow the family for shelter and utilities. If the family's welfare assistance is ratably reduced from the standard pf need by applying a percentage, the amount calculated under this paragraph shall be the amount resulting from one application of the percentage. (7) Periodic and determinable allowances, such as alimony and child support payments, a regularr contributions or gifts received from organizations or from persons not residing in the ailing; and (8) All regular oav, special pay, and allowances of a member of the Armed Forces, a pt as provided In paragraph (7) under Income Exclusions. (9) For Section 8 programs only and as provided In 24 CFR 5.612, any financi assistance, in excess of amounts received for tultion, that an individual receives under the High Education Act of 1965 (20 U.S.C. 1001 et seq.), from private sources, or from an institution of gher education (as defined under the Higher Education Act of 1955 (20 U.S. A. 1002)), shall be idered income to that individual, except that financial assistance descri !n this parag ph is not considered annual Income for persons over the age of 23 with depend t children. or purposes of this paragraph 'financial assistance" does not include loan proceed for the p rpose of determining income. *(Note: This paragraph also does not apply to a etude t wh is living with his/her parents who are applying for or receiving Section 8 assistance.)' INCOME D(LCUSIONS: (1) Income from employment of children (includin star child ) under the age of 18 years; (2) Payments received for the care of foster dram or foster adu s (usually persons with diseb(Ilties unrelated to the tenant family, who are able to live abne); (3) Lump -sum additions to family as such as inheritances, insu cc payments (including payments under health and a ant insurance and worker's com nation), capital gains, and settlement for personal or p arty losses, except as provided In pa graph (5) under Income Inclusions; (4) Amounts received by fhe family that are specifically for, or in reimburseant of, the cost of medical expenses for a7in mily member, (5) Income of a INide,as defined in 24 CFR 5.403; (6) The full amount of student financial assistance paid directly to the student or to the educational Institution (sea Income Inclusion (9), above, for students receiving Section 8 assistance); (7) The special pay to a family member serving in the Armed Forces who is exposed to hostile fire (e.g., in the past, special pay included Operation Desert Storm); (8) (a) Amounts received under training programs funded by HUD (e.g., training received under Section 3); HUD Occupancy Handbook 2 06/09 Chapter 5: Determining Income 8 Calculating Rent 4350.3 REV -1 (b) Amounts received by a person with a disability that are disregarded for a limited time for purposes of supplemental security Income eligibility and benefits because they are set-aside for use under a Plan to Attain Self -Sufficiency (PASS); (c) Amounts received by a participant In other publicly assisted programa that are specifically for or In reimbursement of out-of-pocket expenses incurred (special equipment, clothing, transportation, child care, etc.) and which are made solely to allow participation in a specific program; (d) Amounts received under a resident service stipend. A resident service atipend is a mo est amount (not to exceed $200 per month) received by a resident for performing ase for the owner, on a part-time basis, that enhances the quality of life in the project Such s ees may Include, but are not limited to, fire atrol, hall monitoring, lawn maintenance, an, al an coordination. No reside may receive more then one such stipend ring the same period of time; or (a) Incremental earnings and ben resulting to any family member froartieipetion in gtallfying Mate or local employment trainln programs (including training prog of affiliated with a local government) and training o a family member as a resident n ement staff person. Amounts excluded by this provisl n must be received under erg M training programs with clearly defined goals and objectiv s, and are excluded only fpf W period during which the family member participates in the rnployment training progra (9) Temporary, nonrecurring, or sporadic inco�neL(includtng gifts); (10) Reparation payments paid by a foreign govotrn ant pursuWd to claims filed under the laws of that government by persons who were persecuted ring the azi era. (Ermmplea include payments by the German and Japanese govemrr fora Masp6mmitted during the Nazi era); (11) Earnings in excess of $480 f/full-timee stud t 18 years or older (excluding the head of household and spouse); (12) Adoption assistance paymen80 per aQOpted child; (13) Deferred periodic amounts ftel security Inn" and social security benefits that are receives in a lump sum amoective monthly ernounta; (14) Amounts received by the fam of refunds or rebel under state or focal law for property taxes paid an the dwellingyntt; (15) Amounts paid by a st ttte agency to a family with a member who has velopmental disability and is living at home to et the cost of services and equipment needed to k the developmentally disabled faml tuber at home; or \ (18) Amounts speclficaly excluded by any other federal statute from consideretr n as income for purposes of determining eligibility or benefits under a category of assistance programs qat includes assistance under any program to which the exclusions set forth in 24 CFR 5.809(c) scapi A notice will be published In the Federal Registerand distributed to housing owners Identifying a benefits that quality for this exclusion. Updates will be published and distributed when necessary. HUD Occupancy Handbook 3 00107 Chapter 5: Determining Income & Calculating Rent 4350.3 REV -1 The following is a list of income sources that qualify for that exclusion: (a) The value of the allotment provided to an eligible household under the Food Stamp Act of 1977 (7 U.S.C. 2017 [bll; (b) Payments to Volunteers under the Domestic Volunteer Services Act of 1973 (42 U.S.C. 5044A,f�), 5058) (employment through AmeriCorps, Volunteers in Service to America [VISTA], RelirerySenior Volunteer Program, Foster Grandparents Program, youthful offender Incarceration ahem fives, senior companions); (c) Payments received under the Alaska Native Claims Settlement Ad (43 U.S.C. 1628[p (d) Income derived from certain submarginal land of the United States that is held in rust for certain Indian tribes (25 U.S.C. 459e); (e) Payments or allowances made under the Department of Health and Human ervices' Low -Income Home Energy Assistance Program (42 U.S.C. 8624[f]); (f) Payments received under programs funded in whole or in part under th Job Training Partnership Act (29 U.S.C. 1552[b]; (effective July 1, 200D, references to Job Treir� ng Partnership Ad shell be deemed to refer to the corresponding provision of the Workforce Investment Act of 1998 [29 U.S.C. 2931], e.g., employment and trainIV programs for Native Amerlcqns and migrant and seasonal fans workers, Job Corps, veteransployment programs, state b training programs, career Intern programs, Americorps); (g) Income derived from the disposition of ftf 94-540, 90 Stat. 2503-04); \ (h) The first $2,000 of per capke shares receiv Commission or the U. S. Claims Court and lands, Including the first $2,000 per year of derived from interests held in such trust or (i) Amounts of scholarships funded under title awards under federal work-study programs assistance programs (20 U.S.C. 1087uu);,, to the Grand I !Wr Band of Ottawa Indians (Pub. L - rd Ment funds awarded by the Indian Clams Ms of Individual Indians in trust or restricted eceived by individual Indians from funds lands (25 U.S.C. 1407-1408); Higher Education Ad of 1965, including the Bureau of Indian Affairs student (D Payments received from programs funodd under Title V f the Older Americans Ad of 1985 (42 U.S.C. 30561% e.g., Green Thumb, $ ntor Aides, Older erican Community Service Employment Program; (k) Payments received on or after J uary 1, 1989, from the Agent Orange Settlement Fund or any other fund established pursue to the sel0ement in In Re Agent -product liability litigation, M.D.L. No. 381 (E.D.N.Y.); (1) Payments received under a Maine Indian Claims Settlement Act f 1980 (25 U.S.C. 1721); (m) The value of any child c provided or arranged (or any amount re ved as payment for such care or reimbursement or costs incurred for such care) under the Chi Care and Development Block Grant Act of 19 0 (42 U.S.C. 9858q); (n) Earned income red .0 (EITC) refund payments received on or after Ja ary 1, 1991, Including advanced same ncome credit payments (26 U.S.C. 3201); (o) Payments by a Indian Claims Commission to the Confederated Tribes and rids of Yakima Indian Nati or the Apache Tribe of Mescelero Reservation (Pub. L. 95-433); 1 (p) Allowances, earnings, and payments to AmeriCorps participants under the Nation and Community Service Ad of 1990 (42 U.S.C. 12637[d]); HUD Occupancy Handbook 4 W07 Chapter 5: Determining Income 8 Calculating Rent 4350.3 RE Z (v Any allowance paid under the provisions of 38 U.S.C.1805 to a child suffering from spine bifida who is the child of a Vietnam veteran (38 U.S.C. 1805); (r) Any amount of crime victim compensation (under the Victims of Crime Act) received through crime victim assistance (or payment or reimbursement of the cost of such assistance) as determined under the Victims of Crime Act because of the commisslon of a crime against the applicant under the Victims of Crime Act (42 U.S.C. 10802); and , (s) Allowances, earnings and payments to individuals participating In programs under the Investment Act of 1998 (29 U.S.C. 2931). HUD Occupancy Handbook 5 06/07 Chapter 5: Determining Income 8 Calculating Rent Annual Tenant Housing Report Form— Due January 3e for precadingcalendar year Name, Phone Number & Email of Perron Completing Form: Property Address: Pedod coveted: Tow, Memldy Rent January 1. 2017 to December 31, 2017 Property Owner.. Requlmd Number of Unit per Onfinance: Lease Ezpiraeon Date ExHIBIT E MT CITY OF IOWA CITY Unit>< Neff Bdrms Last Na m Gimt wo Tow, Memldy Rent % Nadler Income ` Stm of Nouechold (ell member) SfarURen l of Leer Lease Ezpiraeon Date 1 I cerp''f/at the infonuation above is, to the beat of my knowledge and belief, true, correct and complete. I ane aware that the information being provided is subject to verification by ty of Iowa City. Name Date S on Hieronymus Square $40.7 Million project $8 Million financial assistance request Commercial Hotel Reta i I Office Residential 45 apartments including 7 affordable Parking 60 spaces underground Hieronymus Square Minimum Improvements Element Hotel • 91 unit extended stay hotel • Full compact kitchen in every room • Patio, pool, fitness room on second floor • Access to Court St. Transportation Center for hotel guest parking • Gold Green Seal certification 3rd party non-profit environmental certification for business, hotels Mixed use buildi • 15t floor retail • 2nd floor Class A office space .3rd -7 1h floor residential apartments • 45 units , including 7 affordable; at least 2 affordable onsite; up to 5 may pay fee in lieu. • 60 space garage below grade • Solar panels: 38,000+ kwh/yr G element �" IF I I 1 4' A m P...4 Aw yy J p 4 _ J—Edog aism Kim: u, mss FT wv m.r mw ar.r m.s w.r a..s w.r KerNl. MKNG 1.111 MKNG 1B SVNE M KING B SVNS 58' 44518' I _ � 1 As if standing on Clinton, viewing east g (north/south cross section) As if standing near new hotel, viewing north (east/west cross section) 58' 44518' PL 05 d5'0 578' r _ PL 04 8578" H FMKING Kxmv PL 03 Y i eNorFx.... vnra ___ _. 22' 4 518" P�L 02 C SIB' j��t O EI IXII24GKOFXWSE VAPKiNGr L — — PL t,_h reNaVr vsnKrvG As if standing near new hotel, viewing north (east/west cross section) - -� lam....... 3 Land Acquisition $2,500,000 $2,500,000 $5,000,000 Construction 11,632,500 11,500,000 23,132,500 Site improvements 505,000 505,000 Parking construction 2,500,000 2,500,000 Furnishings 1,852,309 1,852,309 Contingency 731,625 800,000 1,531,625 Architecture and Engineering 625,000 510,000 1,135,000 Proj. Intrst Loan fees, soft costs 638,000 825,000 1,463,000 Marketing, Opening, Franchise 431,396 431,396 Reserves/Working capital 100,000 125,000 225,000 Developer Overhead & Profit 800,000 800,000 TIF rebate financing costs 1,169,006 1,008,940 2,177,946 TOTAL Project Costs $20,479,836 $20,273,940 $40,753,776 Bank Loan $11,310,831 $11,140,316 $22,451,147 Required Cash from Developer 4,969,005 5,333,624 10,302,629 Total Financing $20,479,836 $20,273,940 $40,753,776 • Objective - Finance the $5.2 M gap • Developer takes out loan for $5.2 M to be repaid with TIF rebates • Rebates occur June 1, 2022 through June 1, 2036 • $600,000 TIF advance on December 31, 2020 after completion of minimum improvements • Total not to exceed $8 million or 15 years, whichever comes first Hieronymus Square aligned with Strategic Priorities Solid Financial Foundation • $22 million in new value to tax base • $250,000 +/- per year in hotel taxes Strong and Resilient Economy • Adds office, retail and residential • Connects downtown with prime Riverfront Crossings lot Fosters healthier neighborhoods • Eliminates 'blighted' corner Encourages vibrant and walkable urban core • Store front windows • Set backs Promotes environmental sustainability • Roof mounted solar panels on mixed use building • Green seal gold certification for Element l� Prepared by: Susan Dulek, Asst. City Attorney, 410 E. Washington St., Iowa City, IA 52240 (319) 356-5230 Resolution No. 17-309 Resolution approving the 2017 Iowa City Parks Master Plan. Whereas, the City of Iowa City has a strategic planning goal of fostering healthy neighborhoods throughout Iowa City; and Whereas, the City Council desires to create a park system throughout Iowa City that is accessible, equitable and welcoming to all residents; and Whereas, the City Council desired to develop a comprehensive master plan for the parks; and Whereas, the City Council hired the services of RDG Planning & Design to prepare a park master plan; and Whereas, at the August 1, 2017 City Council work session the final draft of the 2017 Iowa City Parks Master Plan was presented to the City Council; and Whereas, it is in the best interest of the public to adopt the 2017 Iowa City Parks Master Plan said Plan. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that: The 2017 Iowa City Parks Master Plan is approved. Passed and approved this 19th day of September, 201/7. 2V!��L Ma or Appro —(?,e4 Atteszz ity Clerk City Attorneys Office Resolution No. Page 2 It was moved by Dickens and seconded byMims Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: ABSTAIN: x Botchway x Cole x Dickens T— Mims x Taylor x Thomas x Throgmorton the "m CITY OF 1 0 WA CIT 09-19-17 -�� COUNCIL ACTION REPO 14 September 19, 2017 Resolution adopting the 2017 Iowa City Parks Master Plan Prepared By: Juli Seydell Johnson, Director of Parks & Recreation Reviewed By: Sue Dulek, Assistant City Attorney Geoff Fruin, City Manager Fiscal Impact: N/A Recommendations: Staff: Approval Commission: Parks Commission Recommendation for Approval, 7/12/17 Attachments: Resolution Executive Summary: This resolution approves the 2017 Iowa City Parks Master Plan entitled "Gather Here," which was presented to City Council at the Aug. 1 work session. The master plan will guide City staff and officials in creating a park system throughout Iowa City that is accessible, equitable and welcoming to all residents. Background / Analysis: This action will formally adopt the 2017 Iowa City Park Master Plan. The final Draft of the Plan was presented to Council at the August 1, 2017 work session and the entire document has been available for review on the City website. hffps://www.icgov.org/city-government/departments- a nd-d ivisions/parks-and-recreation/master-plan The creation of the Plan was nearly a 10 month process and included partner group meetings, stakeholder workshops, an on-line portal for review and comment, a public open house and participation by the Parks Commission. The plan prioritizes improvements of existing parks along with additions to provide a full range of accessible and welcoming park facilities throughout the community. In addition, the plan prescribes signage, architecture and furnishings that will create a visible identity for City -owned park spaces. Adoption of the Park Master Plan, and implementation of its recommendations, will help the City continue to provide equitable, well-maintained park facilities throughout the community. r) . Prepared by: Jason Reichart, Public Works, 410 E. Washington St., Iowa City, IA 52240; (319) 356-5416 Resolution No. 17-310 Resolution approving, authorizing and directing the Mayor to execute and the City Clerk to attest an Agreement by and between the City of Iowa City and HR Green, Inc., to provide engineering consultant services for the Idyllwild Drainage Diversion Project Whereas, the City of Iowa City desires to reroute offsite drainage from the northwest comer of the Idyllwild development around the development and improve deficiencies in the existing storm sewer system; and Whereas, the Idyllwild Drainage Diversion Project will include the construction of new storm sewer under Foster Road and a stormwater bypass along the west side of No Name Road to the Iowa River; and Whereas, the City of Iowa City desires the services of a consulting firm to prepare preliminary and final design for construction of the Idyllwild Drainage Diversion Project; and Whereas, the City of Iowa City has negotiated an Agreement for said consulting services with HR Green, Inc., to provide said services; and Whereas, it is in the public interest to enter into said Consultant Agreement with HR Green, Inc., and Whereas, funds for this project are available in the Other PW — Phase 1 account # P3976. Now, therefore, be it resolved by the City Council of the City of Iowa City, Iowa, that: The Consultant Agreement attached hereto is in the public interest, and is approved as to form and content. 2. The Mayor and City Clerk are hereby authorized and directed to execute the attached Consultant Agreement. 3. The City Manager is authorized to execute amendments to the Consultant Agreement as they may become necessary. Passed and approved this 19th day of September 2017 Ma or ' App,oved by/ / ' Attest: k Citq Clerk City Attorney's Office $r/2 % ( t 7 Resolution No. 17_-110 Page 2 It was moved by trims adopted, and upon roll call there were: and seconded by Botchway the Resolution be Ayes: Nays: Absent: Botchway Cole Dickens Mims Taylor Thomas Throgmorton CONSULTANT AGREEMENT IDYLLWILD STORMWATER DRAINAGE DIVERSION PROJECT THIS AGREEMENT, made and entered into this 19th day of September 2017 by and between the City of Iowa City, a municipal corporation, hereinafter referred to as the City and HR Green, Inc., of Cedar Rapids, IA, hereinafter referred to as the Consultant. WHEREAS, in 2016 HR Green completed the Idyllwild Stormwater Drainage Diversion Project Study; and WHEREAS, the study analyzed the Idyllwild watershed, identified deficiencies in the existing stormwater system, and developed two alternatives to reroute stormwater drainage around Idyllwild along the west side of No Name (Calibria) Street to the Iowa River; and WHEREAS, this Idyllwild Drainage Diversion Project will evaluate the study results to determine the best alternative and develop preliminary pump station design for the Idyllwild Flood Mitigation System; and WHEREAS, the City issued a Request for Proposals to provide professional engineering services for a number of projects, including the Idyllwild Drainage Diversion Project; and WHEREAS, the City chose HR Green, Inc. based on their previous experience with the study , their experience with similar projects and their approach to said stormwater diversion project; and WHEREAS, the City has negotiated an Agreement for said consulting services with HR Green, Inc. NOW THEREFORE, it is agreed by and between the parties hereto that the City does now contract with the Consultant to provide services as set forth herein. SCOPE OF SERVICES Consultant agrees to perform the following services for the City, and to do so in a timely and satisfactory manner. Project Understanding Runoff from largely undeveloped land to the north of Foster Road currently drains through culverts under Foster Road east of No Name (Calibria) Street and into the storm sewer and detention pond system of the Idyllwild development. When runoff amounts exceed the pipe capacity within the development, surface ponding and surface conveyance through the residential area begins to occur. In addition, during large, intense storm events, the limited capacity of the existing culvert crossing under Foster Road causes flows to spill onto the pavement and flow down Foster Road to the intakes at the low point. The City desires to improve the culvert flow capacity under Foster Road and re-route a portion of the runoff coming from the north through a drainage system along the west side of No Name Street directly to the Iowa River. In addition, the City has requested an analysis of pumping requirements for the Idyllwild development to reduce the inundation risks to homeowners during -2 - flood events on the Iowa River, based on preliminary work completed by Hart Frederick Engineers at the direction of the Idyllwild Homeowner's Association. Project Tasks A. Project Administration A.1 Develop Detailed Work Plan Prepare written instruction for project staff, providing background, names of contacts, communications procedures, responsibilities, schedule and budget information for the project. Establish a detailed project schedule indicating critical dates, milestones, and deliverables. Prepare a detailed work plan with specific staff assignments, by task, corresponding to the schedule. A.2 Coordination with the City Maintain communications with the City. Meet with the City staff to review progress and to discuss specific elements of the project design for both alternatives (assume one kickoff meeting, one meeting following hydraulic modeling, one meeting following preliminary design, and one meeting following the check plan design submittal, for a total of four (4) meetings). The meetings will also serve to review schedules and project goals, establish initial design parameters, promote a dialog, improve the decision- making process, and expedite design development. Prepare minutes of meetings and keep documentation of other communications. For budget purposes, it is assumed that the meetings will be attended by two (2) staff members of the Consultant. A.3 Coordination with Stakeholders Support the City in early and on-going engagement with the private property owners impacted by the proposed work — including the property owners north of Foster Road who will be affected by the culvert improvements, the Idyllwild homeowners, and the Elks Lodge, from whom easement will be needed for the proposed drainage bypass. Assume one (1) public informational meeting that will be attended by two (2) staff members of the Consultant. The purpose of the meeting will be to provide a brief overview of the proposed improvements to the property owners and a discussion of the preliminary plan, as well as gather information on the concerns, priorities and specific issues of the adjacent property owners and other affected parties. This task includes preparation of display materials and hand out information. The City will be responsible for reserving an appropriate meeting facility and notifying the surrounding property owners of the meeting. This task also includes reviewing the results of the meeting with City staff and others. In addition to the public informational meeting, one (1) staff member of the Consultant will attend up to three (3) one-on-one meetings with individual property owners to address issues of specific concern to adjacent properties. At least one City staff member will be present at all individual property owner meetings. Easement negotiations will be performed by the City. Consultant will provide technical information with regard to the project design. AA Project Management Provide on-going project management for the duration of the project consisting of interoffice administration and coordination. This will include interoffice meetings, typing of interoffice memoranda and minutes of meetings, interoffice administration and coordination of the project, and coordination, monitoring and communicating with project sub -consultants. Provide budget and schedule management. Maintain the system for monitoring progress and expenditures to allow monthly tracking. Prepare and submit monthly progress reports outlining the following: A.5 B. i -K B.2 4W I FOP -3- • Activities during the reporting period • Activities planned for the following month • Problems encountered and recommended solutions • Overall status Quality Control Plan Establish review and checking procedures for project deliverables. Designate responsibility for implementation of the plan. Quality control will be completed at the Modeling, Preliminary Design, and Check Plan Design Phases of the project. Surveying / Utilities Consultant, or a sub -consultant retained by mapping, and right-of-way services for the Iowa South State Plane Coordinate System All units will be in feet. Topographic Survey Consultant, will perform the survey, base project. The mapping data will utilize the . Elevations will be based upon NAVD88. Perform topographic survey north of the Foster Road / No Name Road intersection, west of No Name Road, and South of the No Name Road / Taft Speedway Intersection to supplement data provided by the City. Locate topographic features, edge of roadways, driveways, break lines, fences, signs, buildings, vegetation 4" diameter and larger, and any other visible structures. Utilities surveyed include location of above ground evidence, sanitary and storm sewer locations, pipe sizes, and elevations to pipe flowlines, and an Iowa design information request along with an Iowa design locate request. Take ground shots to generate a surface for use in design at a 1 -ft contour interval. Indicate all control upon which the survey was based for use in construction. Set a minimum of three (3) horizontal control points and one (1) vertical benchmark. The control will comply with the reference system stated above. Base Mapping Prepare an AutoCAD Civil 3D file showing surveyed data with ground contours. Right -of -Way and Easement Plats Prepare a right-of-way file showing property lines, lot lines, section lines and adjacent property owner names. Prepare up to three (3) permanent easement acquisition plats and legal descriptions as needed for the project. Prepare up to five (5) temporary easement legal descriptions as needed for construction of the project. The plats and legal descriptions will comply with the requirements of the Iowa Code. Acquisition of the required easements shall be by the City and shall occur prior to the bid period. Utility Coordination Identify utilities having infrastructure within the project limits and coordinate with representatives of the various utility companies during the design phase. Advise utilities of the nature and extent of the improvements and any potential conflicts with existing or proposed utility systems. Geotechnical Investigation Consultant, or a sub -consultant retained by Consultant, will obtain one soil boring at the proposed pump station location and develop a subsurface characterization and design soil parameters for the pump station design. C. Permitting Participate in consultations with authorities having jurisdictions to approve the design of the Project and assist in preparation of required permit applications. It is anticipated that the following permits will be applied for: MIZ • Joint Permit Application (DNR/USACE) • City Floodplain Permit Prepare the permit applications and provide technical criteria, written descriptions and design data for the City's use in filing applications for permits. Any fees for permits or other costs associated with permits and approvals shall be the responsibility of the City. The schedule for obtaining permits from the various regulatory agencies is not within the Consultant's control. D. Preliminary Design D.1 Hydraulic Modeling Utilize the existing 2D-XPSWMM model of the Idyllwild Watershed area to size the culvert improvements under Foster Road and Taft Speedway, size the open channel or pipe conveyance on the west side of No Name Street, include a sluice gate structure on the outflow pipe to the Iowa River, design the diversion to send low flows to the Idyllwild retention pond, and evaluate pumping options for the Idyllwild development to discharge interior drainage during Iowa River flood events. Model the 2-, 5-, 10- and 100 -year interior drainage events using the Atlas 14 rainfall data and an SCS Type II 24-hour storm for both the gravity flow free outfall condition and against a 100 -year Iowa River tailwater. Initial design pumping rates provided by Hart Fredrick Engineers will be entered into the models. Review flows in and out of the Idyllwild development and resulting inundation maps for each scenario modeled. Review discharge limits for the detention pond, if any. Assume that the preferred pump station capacity will prevent inundation from reaching the homes in the Idyllwild development during an Iowa River flood and coincident 10 - year interior rainfall event; however, to reduce costs, open spaces may have temporary ponding. Prepare a technical memo that outlines the modeling results, provides design recommendations, and includes inundation maps for the modeled scenarios. Meet with the City to review the alternative pumping scenarios and select the final pump station capacity for preliminary design. D.2 Preliminary Design Prepare preliminary design and estimated construction cost for both alternates. Civil, Site, Roadway, Storm Sewer. • Prepare preliminary design plans for the culvert improvements, open channel grading, diversion, storm sewer, sluice gate, and pavement replacement, as well as a site plan for the pump station, including structure location and layout, access, ancillary structures, buried piping, standby generator, and grading plan. Civil design will reference SUDAS and Iowa City design standards and standard specifications. Structural: Confirm pump station structure layout with other electrical and mechanical engineers and develop general structural dimensioning and detail. Determine structural loadings, wall thicknesses, and overall floor system depths. Determine preliminary structural foundation design referencing geotechnical recommendations. Prepare draft structural specifications. Process: Develop design calculations, including pump hydraulics. Lay out pump station piping. Establish floor elevation. Develop major sections showing pump station structure, equipment, and piping. Prepare plans of inlet structure and manual screening facilities. Determine equipment clearances and access requirements. Prepare piping plans and -5 - connection details. Prepare draft specifications for major process equipment. Prepare preliminary equipment schedule. Mechanical: Identify mechanical systems for required code compliance. Develop plumbing and HVAC for pump station. Prepare draft specifications for mechanical equipment. Coordinate with structural, process, and electrical. Electrical: Verify electrical service requirements and develop preliminary electric one -line diagram with service, power distribution and standby power source. Coordinate with electrical utility for new electric service to pump station site. Prepare proposed route of major conduits and dimensional layouts of major electrical equipment. Develop motor control center layout and schedule. Develop with City guidance control concepts and instrumentation requirements. Determine Client's preferences for electrical equipment and identify City furnished equipment and other work. Prepare preliminary process and instrumentation diagrams (P&ID). Identify all major process elements and instruments including gates, pumps, and other major equipment. Prepare preliminary power and lighting design layouts including on-site standby power source. D.3 Preliminary EOPCC Develop the preliminary opinion of probable construction cost for the work, complete with description of major bid items, estimated quantities, and unit prices reasonable for the scope, schedule, and anticipated job site conditions. DA Preliminary Design Review Complete an internal quality control (QC) review of the design and make recommended changes as needed. The QC review will include a review within each discipline as well as a review of the project across discipline lines. Provide copies of the preliminary design documents to the City prior to conducting a meeting to review the recommended improvements and gather feedback. E. Final Design Prepare final design plans, specifications, and estimated construction cost for the project. EA Check Plan Design Civil, Site, Roadway, Storm Sewer: Finalize design plans for the selected alternative, which will include, but not be limited to, culvert improvements, , storm sewer, diversion system, pavement replacement, and site restoration. Prepare traffic control and erosion control plans, and a storm water pollution prevention plan (SWPPP) for the project. Structural: Finalize structural design for pump station. Develop final construction details. Coordinate with other disciplines. Process: Finalize pump selection. Detail required gates and piping and valving. Finalize inner dimensions of pump station wet well. Detail items such as a sump and sump pump and manual screen. Coordinate with other disciplines. Mechanical: Finalize design for plumbing and HVAC for the pump station. Develop plans and specifications for the mechanical systems. Coordinate with other disciplines. Electrical. Finalize design plans for electrical site work, electric one -line diagram, utility service and metering, standby power engine -generator and transfer switch, floor/site plan layouts for lighting and power distribution, related schedules and details, and P&ID schedule and related diagrams. E.2 Check Plan EOPCC Prepare a check plan opinion of probable construction cost for the project. Check plan opinion of probable construction cost shall be based on representative major project elements and recent bid information. Detailed quantity takeoffs will be developed for the check plan opinion of probable construction cost. E.3 Project Manual Prepare a Project Manual for the Project, including Notice of Hearing and Letting, Instruction to Bidders, Bid forms, Bond Forms, Agreement Forms, General Conditions of Construction Contract, Supplementary General Conditions, and Detailed Construction Specifications. EA Check Plan Design Review Complete an internal quality control (QC) review of the design and make recommended changes as needed. The QC review will include a review within each discipline as well as a review of the project across discipline lines. Provide copies of the check plan design documents to the City prior to conducting a meeting to review the recommended improvements and gather feedback. E.5 Final Bid Documents Prepare the final Project Manual, including Notice of Hearing and Letting, Instruction to Bidders, Bid Forms, Bond Forms, Agreement Forms, General Conditions of Construction Contract, and Supplementary General Conditions. Prepare detailed specifications, special provisions and other documents for the proposed construction work and for the materials and equipment required. Submit 100 percent unapproved plans to City staff for final review. Make necessary modifications to plans and specifications. Submit two copies of signed plans and specifications each to the City for advertisement and bid letting. Provide one set of reproducible originals for development of sets of construction documents. Finalize the opinion of probable construction cost based on final project quantities with description of bid items, estimated quantities, and unit prices reasonable for the scope, schedule, and anticipated job site and conditions. F. Bid Phase Services Assist in the preparation of the formal Notice of Hearing and Letting. Publication and costs shall be borne by the City. Prepare and disseminate an informal notice to contractors concerning the upcoming Project. The City will print and disseminate the required number of drawings, specifications, and contract documents for distribution to prospective bidders for the project. Answer questions from contractors prior to the letting and issue addenda as appropriate to interpret, clarify or expand the bidding documents. Attend a pre-bid meeting with the City and prospective bidders, suppliers, and other interested parties. Attend the bid opening, prepare a tabulation of the bids for the City, advise the City on the responsiveness of the bidders, and assist the City in making the award of contract. G. Limited Construction Phase Services GA Attend Pre -Construction Meeting Attend a preconstruction meeting after award of the construction contract for the project. It is anticipated that two (2) staff members will attend the meeting. -7- G.2 Submittal Review Review acceptability of the Contractor's submittals, such as shop drawings, product data, samples and other data, which the Contractor is required to submit, but only for the limited purpose of checking for conformance with the design concept and the information shown in the Construction Documents. This review shall not include review of the accuracy or completeness of details, such as quantities, dimensions, weights or gauges, fabrication processes, construction means or methods, coordination of the work with other trades or construction safety precautions, all of which are the sole responsibility of the Contractor. The Consultant's review shall be conducted with reasonable promptness while allowing sufficient time in the Consultant's judgment to permit adequate review. The Consultant shall not be responsible for any deviations from the Construction Documents not brought to the attention of the Consultant in writing by the Contractor. The Consultant shall not be required to review partial submissions or those for which submissions of correlated items have not been received. The Consultant shall have authority to require special inspection or testing of the work, and shall receive and review all certificates of inspections, testing, and approvals required by law, rules, regulations, ordinances, codes, orders or the Plans. This scope of services assumes up to 24 hours of individual staff time to review Contractor submittals as requested by the City. Additional review services can be provided if authorized in writing prior to performance of such additional services. G.3 Construction Period Questions Respond to questions from the City during construction and issue necessary interpretations and clarifications of the Plans. This scope of services assumes up to 20 hours of individual staff time to respond to questions as requested by the City. Additional services can be provided if authorized in writing prior to performance of such additional services. GA Final Field Review In conjunction with City staff, participate in a field review of the project organized by the City to determine if the work is substantially completed. Provide comments to the City regarding the observed completeness and acceptability of the work. It is anticipated that up to three (3) staff will attend the field review. G.5 Record Documents Prepare record drawings showing those changes made during construction, based on the marked -up drawings and other data furnished by the Contractor and the City's Resident Construction Observer. Provide City with one (1) hard copy in 11" x 17" format and one (1) electronic copy of the record drawings in PDF or similar format. ADDITIONAL SERVICES The following services are not included in this Agreement. If authorized in writing prior to performance of such additional services, the Consultant shall furnish or obtain from others the following services: 1. Additional Geotechnical services not listed above. 2. Architecture services. 3. Development of permits not listed above. 4. Environmental field studies and preparation of environmental documents. 5. Funding application preparation and management. 6. Condemnation services. 7. FEMA Conditional Letter of Map Revision (CLOMR) and Letter of Map Revision (LOMR). 8. Material testing and certification services. 9. Construction survey and staking. 11. TIME OF COMPLETION The Consultant shall complete the following phases of the Project in accordance with the schedule shown. Notice To Proceed Preliminary Plans (60%) Submittal Check Plans (90%) Submittal Final Bid Documents Submittal September 19, 2017 November 17, 2017 January 5, 2018 February 9, 2018 Schedule assumes City review comments in a timely manner, with a goal of 5 business days from submittal of Preliminary and Check Plans. Additional review after Final Bid Documents submittal will be grounds for a supplemental agreement. III. GENERAL TERMS A. The Consultant shall not commit any of the following employment practices and agrees to prohibit the following practices in any subcontracts. 1. To discharge or refuse to hire any individual because of their race, color, religion, sex, national origin, disability, age, marital status, gender identity, or sexual orientation. 2. To discriminate against any individual in terms, conditions, or privileges of employment because of their race, color, religion, sex, national origin, disability, age, marital status, gender identity, or sexual orientation. B. Should the City terminate this Agreement, the Consultant shall be paid for all work and services performed up to the time of termination. However, such sums shall not be greater than the "lump sum" amount listed in Section IV. The City may terminate this Agreement upon seven (7) calendar days' written notice to the Consultant. C. This Agreement shall be binding upon the successors and assigns of the parties hereto, provided that no assignment shall be without the written consent of all Parties to said Agreement. D. It is understood and agreed that the retention of the Consultant by the City for the purpose of the Project shall be as an independent contractor and shall be exclusive, but the Consultant shall have the right to employ such assistance as may be required for the performance of the Project. E. It is agreed by the City that all records and files pertaining to information needed by the Consultant for the project shall be available by said City upon reasonable request to the Consultant. The City agrees to furnish all reasonable assistance in the use of these records and files. F. It is further agreed that no Party to this Agreement shall perform contrary to any state, federal, or local law or any of the ordinances of the City of Iowa City, Iowa. G. At the request of the City, the Consultant shall attend meetings of the City Council relative to the work set forth in this Agreement. Any requests made by the City shall be given with reasonable notice to the Consultant to assure attendance. H. The Consultant agrees to furnish, upon termination of this Agreement and upon demand by the City, copies of all basic notes and sketches, charts, computations, and any other data prepared or obtained by the Consultant pursuant to this Agreement without cost, and without restrictions or limitation as to the use relative to specific projects covered under this Agreement. In such event, the Consultant shall not be liable for the City's use of such documents on other projects. I. The Consultant agrees to furnish all reports, specifications, and drawings, with the seal of a professional engineer affixed thereto or such seal as required by Iowa law. J. The City agrees to tender the Consultant all fees in a timely manner, excepting, however, that failure of the Consultant to satisfactorily perform in accordance with this Agreement shall constitute grounds for the City to withhold payment of the amount sufficient to properly complete the Project in accordance with this Agreement. K. Should any section of this Agreement be found invalid, it is agreed that the remaining portion shall be deemed severable from the invalid portion and continue in full force and effect. L. Original contract drawings shall become the property of the City. The Consultant shall be allowed to keep reproducible copies for the Consultant's own filing use. M. Fees paid for securing approval of authorities having jurisdiction over the Project will be paid by the City. N. Upon signing this agreement, Consultant acknowledged that Section 362.5 of the Iowa Code prohibits a City officer or employee from having an interest in a contract with the City, and certifies that no employee or officer of the City, which includes members of the City Council and City boards and commissions, has an interest, either direct or indirect, in this agreement, that does not fall within the exceptions to said statutory provision enumerated in Section 362.5. O. The Consultant agrees at all times material to this Agreement to have and maintain professional liability insurance covering the Consultant's liability for the Consultant's negligent acts, errors and omissions to the City in the sum of $1,000,000. IV. COMPENSATION FOR SERVICES Consultant shall perform the above-described Scope of Services for an hourly fee as set forth in the attached Schedule of Fees, incorporated herein by this reference, with said total fee not to exceed $192,600. LVA -10 - Project Administration $ 13,500 Surveying / Utilities / Geotechnical $ 13,500 Permitting $ 2,700 Preliminary Design $ 76,100 Final Design $ 69,400 Bid Phase $ 5,700 Construction Phase $ 11,700 Total $ 192,600.00 MISCELLANEOUS A. All provisions of the Agreement shall be reconciled in accordance with the generally accepted standards of the Engineering Profession. B. It is further agreed that there are no other considerations or monies contingent upon or resulting from the execution of this Agreement, that it is the entire Agreement, and that no other monies or considerations have been solicited. C. This Agreement shall be interpreted and enforced in accordance with the laws of the State of Iowa. Any legal proceeding instituted with respect to this Agreement shall be brought in a court of competent jurisdiction in Johnson County, Iowa. The parties hereto hereby submit to personal jurisdiction therein and irrevocably waive any objection as to venue therein, including any argument that such proceeding has been brought in an inconvenient forum. FOR THE CITY / By: Title: D. 09/19/2017 ATTES pwlf0MSXG0nWgM1.Bm FOR THE CONSULTANT Approved by: City Attorney's Office 9/12/-7 Date 5cheduie of Fees IDMMIID 570RMMATER DRAINAGE DIVERSION PROKU Project Admin PM $ 180 27 $ 4,860 SP $ 195 16 $ 3,120 SP S 211 2 $ 422 SP $ 182 2 $ 384 SP $ 246 2 $ 492 PE $ 159 2 $ 318 PE $ 145 2 $ 290 PE $ 138 2 $ 276 SE $ 120 2 $ 240 SE $ 110 14 $ 1,540 ST $ 120 2 a 240 DT $ 102 2 $ 204 PC $ 86 4 $ 344 Expenses $ 645 Subtotal $ 13,375 S urveyln9 I U11110es f Geotechnical PM$ 180 4 $ 720 SP $ 211 1 S 211 SE 1 $ 1101 2 $ 220 DT 1 $ 102 4 $ 408 Smve 'ng Subconsultanl $ 81970 Geotech Subeonsultant $ 2.875 Expenses $ 66 Subtotal $ 13,470 Permitting SP$ 195 4 $ 780 SE $ 110 16 $ 1,760 Expenses $ 120 Subtotal $ 2,660 Preliminary Design PM $ 180 5 $ 900 SP $ 195 8 $ 1,560 SP $ 211 40 $ 8,440 SP $ 192 10 $ 1,920 SP $ 246 44 $ 10,824 PE $ 159 86 $ 13,674 PE $ 145 5 $ 725 PE $ 138 37 $ 5,106 SE $ 120 9 $ 1,080 SE $ 110 84 $ 9,240 ST $ 120 40 1 $ 4,800 DT $ 102 133 $ 13,566 PC $ 86 7 $ 602 Expenses 1 $ 3,262 Subtotall $ 75,699 Final Design PM $ 180 13 $ 2,340 SP a 195 4 $ 780 SP $ 211 42 $ 8,862 SP $ 192 19 $ 3,648 SP S 246 42 $ 10,332 PE $ 159 80 $ 12,720 PE $ 145 8 $ 1,305 PE $ 138 15 $ 2,070 SE $ 120 16 $ 1,920 SE $ 110 50 $ 5,500 ST $ 120 48 $ 5,760 DTa 102 97 S 9.691 PC $ e6 10 $ 860 E3penses S 2,670 Subtotal $ 68,661 Bidding Phase PM S 180 8 $ 1,440 SP S 211 4 $ 844 SP S 246 5 $ 1,230 PE $ 158 4 $ 636 PE S 138 4 $ 552 DT $ 102 2 $ 204 PC $ 86 4 $ 344 Experses, $ 208 Sublow $ 5,458 Construction Phase PM $ 180 21 $ 3,780 SP S 211 8 $ 1,688 SP $ 192 2 $ 384 SP $ 246 11 $ 2,706 PE $ 159 7 $ 1113 PE $ 145 4 $ 580 PE $ 138 4 $ 552 DT $ 102 14 $ 1,428 PC $ 86 6 $ 516 E3penses $ 505 Subtotal $ 13,252 Total $ 192,676 r 1 CITY OF IOWA CIT COUNCIL ACTION REPO 15 September 19, 2017 Resolution approving, authorizing and directing the Mayor to execute and the City Clerk to attest an Agreement by and between the City of Iowa City and HR Green, Inc., to provide engineering consultant services for the Idyllwild Drainage Diversion Project Prepared By: Jason Reichart - Civil Engineer Reviewed By: Jason Havel - City Engineer, Ron Knoche - Public Works Director Geoff Fruin - City Manager Fiscal Impact: $192,600 Recommendations: Staff: Approval Commission: N/A Attachments: Resolution, Consultant Agreement Executive Summary: This agreement authorizes HR Green, Inc. to prepare preliminary and final design, and provide bidding and construction phase services for the Idyllwild Drainage Diversion Project. The project includes the construction of new storm sewer under Foster Road and a stormwater bypass along the west side of No Name Road to the Iowa River. The project will also evaluate pumping requirements for the Idyllwild Subdivision, and include a bid alternate for construction of a new pump station adjacent to the Idyllwild Subdivision. Background / Analysis: After the completion of the Taft Speedway Flood Mitigation Study in 2012, City Council directed staff to proceed with a preliminary study for rerouting offsite drainage from the northwest corner of the Idyllwild development. The study analyzed the Idyllwild watershed (north of Foster Road) and identified deficiencies within the existing stormwater system. From the results, two alternatives were developed at a preliminary level. The City issued a Request for Proposals to provide professional engineering services for a number of projects, including the Idyllwild Drainage Diversion Project. The City chose HR Green, Inc. based on their previous experience with the study, their experience with similar projects and their approach to the project. City staff have also met with representatives from Idyllwild and the proposed development north of Foster Road to discuss stormwater concerns related to existing and anticipated post - development conditions in the area. Idyllwild has completed a grading project to construct a berm around the development, which is also designed to accommodate the installation of HESCO barriers on top of the berm. Including the HESCO barriers, the project will protect the area from river flooding up to 2008 flood levels. However, in order to further protect Foster Road and Idyllwild from flooding during river flood events, a method for pumping water from Idyllwild over the berm/HESCO barriers is also required. During these discussions, the City committed to completing the design of a pump station, and including it as a bid alternate, as part of the project. This will allow all parties to evaluate the actual cost to construct the pump station r 1 CITY OF IOWA CITY -r� COUNCIL ACTION REPORT and determine if it should ultimately be included with the construction of the project. As part of the discussions, the developer (North Dubuque LLC) offered to contribute 25% of the project cost for construction of a pump station. In addition, representatives from the Idyllwild community stated they were prepared to contribute at least $100,000 to the pump station project. r(P Prepared by: Kellie Fruehling, 410 E. Washington St., Iowa City, IA 52240-319-356-5040 RESOLUTION NO. 17-311 Resolution adopting an assessment schedule of unpaid mowing, clean-up of property, snow removal, sidewalk repair, and stop box repair charges and directing the Clerk to certify the same to the Johnson County Treasurer for collection in the same manner as property taxes. WHEREAS, the City Clerk has filed with the City Clerk an assessment schedule providing the amount to be assessed against certain lots for the actual unpaid abatement costs of mowing, cleaning up property, removing snow, repairing sidewalks, and repairing stop boxes in the same manner as property taxes; WHEREAS, said schedule is attached as Exhibit A to this resolution and incorporated herein by this reference; WHEREAS, Iowa Code § 364.13B authorizes the City Council to assess against the property said abatement costs in the same manner as property taxes; and WHEREAS, the City Council finds that the property owners listed in Exhibit A have received a written notice of the date and time of the public hearing on the adoption of said assessment schedule, in substantially the same form attached hereto as Exhibit B. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA: Exhibit A is adopted as the final assessment schedule pursuant to Iowa Code § 384.60(1) The amounts listed in Exhibit A for unpaid mowing charges, clean-up property charges, snow removal charges, sidewalk repair charges and stop box repair charges are confirmed and levied against the properties listed in Exhibit A. All unpaid assessments not paid within thirty (30) days after the first publication of the final assessment schedule shall bear interest at the rate of 9% per annum, commencing on November 3, 2017. Assessments are payable at Johnson Country Treasurer, 13 South Dubuque Street, Iowa City, Iowa. Until November 2, 2017 payment may be made at the City Clerk, 410 E. Washington Street, Iowa City, Iowa. The City Clerk is hereby directed to certify the schedule as set out in Exhibit A to the Treasurer of Johnson County, Iowa for collection in the same manner as property taxes. The assessment cannot be paid in installments. Resoluttion No, 17-311 Page 2 The City Clerk is further directed to publish notice of the schedule once each week for two consecutive weeks in the manner provided in Iowa Code § 362.3, the first publication of which shall be not more than fifteen (15) days from the date of filing of the final assessment schedule. Passed and approved this 19th day of September 2017. MWyor Approved b ATTEST: P�Cc e l } City Clerk City Attorney/s Office It was moved by trims and seconded by Botchway the Resolution be adopted, and upon roll call there was: AYES: sue\Ord&Res\AbateRes.dm NAYS: ABSENT: Botchway Cole Dickens Mims Taylor Thomas Throgmorton CITY OF IOWA CITY ASSESSMENT SCHEDULE OF UNPAID WEED REMOVAL, SIDEWALK REPAIR, SNOW REMOVAL, STOP BOX REPAIR, AND PROPERTY CLEAN-UP ADDRESS LEGAL PARCEL NO. ASSESSED PROPERTY REASON FOR DATE OF AMOUNT OF OUTSTANDING DESCRIPTION VALUE OWNER EXPENSE SERVICE INVOICE BALANCE 1519 E. Lot 31, Ridgewood Court & 1/33 Interest 1014201009 $128,590.00 a Sonya Propertyony 8/24/17 $1,373.80 $1,373.80 Street Ridgewood Park Clean Up s W September 12, 2017 Name Address City, State, ZIP Dear Property Owner: � r CITY OF IOWA CITY 410 East Washington Street Iowa City, Iowa 52240-1826 (319) 356-5000 (319) 356-5009 FAX www.icgov.org This is to notify you that the City Council will be considering a resolution on September 19, 2017 that will assess against your property the cost that the City has incurred to do one of the following: unpaid mowing, clean-up of property, snow removal, sidewalk repair, or stop box repair charges. Enclosed for your information is a copy of the bill. If the City Council approves the assessment against your property, the amount will be collected by the Johnson County Treasurer in the same manner as a property tax. The City Council meeting begins at 7:00 pm and is held at Harvat Hall, City Hall, 410 E. Washington St., Iowa City, Iowa. If you want to challenge the assessment, you are advised to come to the City Council meeting. You may also submit a letter or email to the City Council. The mailing address is: City Council, % City Clerk, 410 E. Washington St., Iowa City, IA 52240 and the email address is councilCo)-iowa-city.org Please note that all communication with City Council is a public record. If you pay the amount due in full before the City Council meeting, the resolution will not include an assessment against your property. You can make the payment by mailing or coming in person to the City Clerks office, 410 East Washington Street, between the hours of 8:00 a.m. and 5:00 p.m. If property is assessed and the amount is not paid within the specified 30 days, interest will accrue at a rate set by the City Council. If you have any questions about the resolution, please contact my office at 356-5043. Sincerely, Kellie K. Fruehling City Clerk Enc. CITY OF IOWA CIT 09.1917 COUNCIL ACTION REPO 16 September 19, 2017 Resolution adopting an assessment schedule of unpaid mowing, clean-up of property, snow removal, sidewalk repair, and stop box repair charges and directing the Clerk to certify the same to the Johnson County Treasurer for collection in the same manner as property taxes. Prepared By: Kellie Fruehling Reviewed By: Sue Dulek, Assistant City Attorney Fiscal Impact: No impact Recommendations: Staff: Approval Commission: N/A Attachments: Resolution w/ Exhibits A and B Executive Summary: This resolution is to adopt an assessment schedule for unpaid mowing, property clean-up, snow removal, sidewalk repair, and stop box repair. Background / Analysis: The City has the authority under Iowa Code §364.136 to assess the nuisance abatement costs in the same manner as a property tax. This resolution allows the City Clerk to certify to the Johnson County Treasurer the abatement cost to be assessed against the property. This assessment is being pursued only after the City took many steps to resolve the matter. The City notified the homeowners to abate the nuisance (for example, to remove snow from the sidewalk) and after the homeowner did not take action to abate the nuisance, the City abated the nuisance and billed the owner. The City has sent a letter to the homeowner giving them notice that this resolution would be on the agenda, a copy of which is attached to the resolution. No interest will be charged if the owner pays within 30 days of the first required publication. Attached as an exhibit to the resolution is a list of the properties that will be assessed and the amount that will be assessed.