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HomeMy WebLinkAbout2003-08-14 Info Packet CiTY COUNCIL INFORMATION PACKET CITY OF IOWA CITY August 14, 2003 www.icgov.org AUGUST 18 WORK SESSION ITEMS IP1 Memorandum from Neighborhood Services Coordinator: Program for Improving Neighborhoods (PIN Grant Programs) I MISCELLANEOUS ITEMS IP2 Memorandum from Assistant Finance Director/Risk Manager to City Manager: 2003/2004 Insurance Renewal IP3 Iowa City Airport Business Plan Executive Summary - August 2003 IP4 Letter from Byron Ross to Finance Director: Financial Issues IP5 Is There Anything Left that Matters? [Truthout] [Pfab] IP6 We Stand Our Ground (William Rivers Pitt) [Pfab] IP7 Agenda: August 2'1 Council Economic Development Committee IP8 Memorandum from Housing and Inspection Services: 707 Walnut Street City of Iowa City .......... MEMORANDUM TO: Iowa City City Council FROM: Marcia Klingama~-~,~~'' ~-~ DATE: August 8, 2003 RE: Program for Improving Neighborhoods (PIN Grant Program) At your August 16 Work Session, I understand that you will be discussing the Program for Improving Neighborhood (PIN) Grant Program as it relates to the type of projects funded through the program. I thought it would be helpful for you to have the current program description with goals and objectives, Ranking Criteria and application form. All of this information was re-evaluated and updated by the Neighborhood Council in the fall of 2002. I will be at your meeting to answer any questions you may have. Please feel free to contact me before the meeting at 356-5237 or marcia-klingaman@iowa-city.org Program for Improving Neighborhoods The PIN Grant Program What is a PIN Grant? The Program for Improving Neighborhoods (PIN) grant are funds allocated by the City Council to organized neighborhood associations for making improvements in their neighborhood. The Neighborhood Council, comprised of representatives from any neighborhood associations, designed requirements for the PIN Grant and oversees the allocation and use of the grants. The PIN Grant process is evaluated by the Neighborhood Council on an annual basis to determine if the program is working effectively. The Neighborhood Council makes final funding recommendations, and then the Iowa City City Council officially allocates the funds. Examples of funded projects include: · tree planting and landscaping · welcome signs · trail development · neighborhood social gatherings Goals and Objectives for the PIN Grant Program Goals: · The PIN Grant Program was established to provide the incentive for neighborhood groups and organizations to become active partners in community revitalization · PIN Grants are intended to enhance, as well as stimulate, interest in the overall quality of life in the Iowa City neighborhoods. Objectives: · Enable neighborhood groups to access resources (both fiscal and human) for neighborhood efforts; · Encourage neighborhoods to work in partnership with the City to resolve problems; · Empower neighborhoods to plan and work together in a dynamic fashion to accomplish neighborhood-based goals and objectives; · Provide neighborhoods with additional resources to make improvements and/or enhancements to ensure their long-term viability. How much money is available? The Iowa City City Council determines the amount allocated for PIN Grants each year. For the past two years, the City Council has allocated $15,000 for the PIN grant program. All organized neighborhoods are invited to apply for the PIN funds, and there are no limitations on the number of applications that can be submitted by one neighborhood association. There is a maximum grant amount of $5,000. What are the criteria used for evaluating possible projects? There are two levels of criteria that will be used when considering a project- required criteria and desired criteria. While it is necessary that all required criteria be met, it is understood that not all desired criteria will be applicable or met by all proposals. Required Criteria · Be visible, accessible, and beneficial to the participating neighborhood and general public · Receive neighborhood support · Involve funding for one-time expenditures · Be feasible and completed within a reasonable amount of time · Entail an appropriate use of public funds Desired Criteria · Address a noted neighborhood need · Complete or tie together an existing improvement · Promote neighborhood self-help efforts by making use of matching funds and/or "sweat equity" · Seek alternate and/or additional funding sources · Where feasible, partner with other organizations or groups to achieve goals What about projects on private property and school grounds? Improvements on private property will be considered under much greater scrutiny. There must be a written commitment from the owner stating that there will be maintenance of the improvement for 5 years. A project on private property will also need to directly benefit Iow/moderate income people, elderly, youth, or other target groups. Improvements on school grounds will be considered if there is a written commitment from the school district superintendent and school principal assuring the ongoing accessibility to the improvement by the general public and payment of any ongoing maintenance costs by the school. How does my neighborhood apply for a PIN Grant? If your neighborhood is interested in participating in the PIN Grant Program, contact Marcia Klingaman, Neighborhood Services Coordinator, by email at marcia-klingarnan(~iowa-city.org or by phone at 356-5237. Program for Improving Neighborhoods Ranking Cri$¢rio Project Nome: Neighborhood Association: REQUIRED CRITERIA MEETS DOES NOT MEET 1 0 Visible, accessible and beneficial to neighborhood & public Receives broad neighborhood support One-time expenditure Feasible in time-frame Appropriate use of public funds Total Poinls - Required Criteria DESIRED CRITERIA FULLY MEETS PARTIALLY MEETS DOES NOT MEET 2 1 0 Addresses noted deficiency Completes/ties together improvement Matching funds/Sweat equity Alternate/Additional Funding Partner w/other organizations Total Points- Desired Criteria Grand Total Points _ ~_~,,.. PROGRAM FOR ~'~, ,F... IMPROVING NEIGHBORHOODS PIN Grant Program Application CITY OF IOWA CITY Name of Project: Name of Neighborhood Association: Name/Address/Phone Numbers of Contact Per- Location of Proposed Project: sons: Location is: Public property Private property School District property Amount of Funds Requested: Time Period of Proposed Project: $. From: To: A. General List and Description of Activities with estimated time line:(please indicate if this project will or could be phased over a number of years) Add additional pages if necessary. B. Describe the process used to solicit neighborhood input into this funding request and summarize results: Add additional pages if necessary. C. List the names of potential resources (neighborhood and other) that will be utilized in this project: Type 9tatus Volun- Cash Antici- Corn- teer pated mitted 1. [] [] [] [] 2. [] [] [] [] 3. [] [] [] [] 4. [] [] [] [] 5. [] [] [] [] 6. [] [] [] [] Page 2 PROGRAM FOR IIEPROVING NEIGHBORHOODS D. Why is this project needed and what are its goals? Add additional pages if necessary. E. Does this project benefit Iow-income, elderly, youth or other disadvantaged youth? If yes, please explain. Add additional pages if necessary. F. Could the project occur without PIN funding? Add additional pages ff necessary G. Could the project operate with less funding? Add additional pages if necessary EXPENSE CATEGORY PIN FUNDS OTHER FUNDS LIST SOURCE OF OTHER FUNDS I. Equipment/Supplies $ $ J. Project Materials K. Professional Services b Contracted Improvements M. Other Costs(List) TOTALS $ $ $ * ADD ADDW[ONAL PAGES TO PROVIDE DETAILS OF BUDGET neighbor\pinfund.app City of Iowa City M MORANDUM To: Steve Atkins, City Manager From: Erin Herring, Assistant Finance Director/Risk Manage~ Subject: 2003/04 Insurance Renewal The insurance renewal for the 6/26/03-6/25/04 policy year is complete. This includes general liability, workers' compensation, and property coverage. The total premium amount for this period is $771,748 which is a $119,382 or 18.3% increase over last year. However, a portion of this increase is due to the addition of the new water and wastewater plants. In an effort to keep premium costs down, the Self- Insured Retention (SIR) was increased for workers' compensation and liability coverages. The higher SIR can be justified after reviewing the City's claims frequency. Without increasing the SIR's, the total premium would have increased a total of $254,320 or 38.98% over the 2002/03 premium. Last year, the City only received one bid for the insurance renewal. This year, four carriers submitted bids; however only two of those carriers were able to provide complete quotes. Two of the carriers were unable to cover any of the City's buildings located in Flood Zone A and were reluctant to offer coverage on the Iowa River Power Dam. These exclusions were unacceptable to the City so both of the carriers were eliminated from further consideration. The two complete bids were from St. Paul Insurance and Genesis. The City has previously been insured and received excellent service from both companies. The St. Paul bid was $23,000 higher than the Genesis bid and St. Paul offered less liability coverage. Therefore, the City decided to continue coverage with Genesis for another year. There are essentially two reasons why carriers are continuing to offer decreased coverage at an increased cost. They are as follows: 1. In the past, insurance companies have offset their underwriting losses with investment income~ Over the past few years, investment income has been very Iow. This has forced insurance companies to rely on pricing rather than investments to produce income. 2. The events of September 11 have continued to cause additional rate increases and resulted in carriers limiting coverage. Since the Terrorism Risk Protection Act was passed, insurance carriers are now offering terrorism coverage at an additional charge. Even though this coverage is available and some of the risk has been transferred to the federal government, carriers are still limiting property coverage. This year the City's insurance carrier would only offer property coverage up to a maximum of $10,000,000. In order to adequately cover the City's assets, we had to purchase an additional $105,000,000 in property coverage through an excess carrier. The excess market is more costly than the primary market, and they are continuing to experience a surge in business because customers are forced into this market due to the primary insurers limiting coverage. I have attached a schedule showing the premium costs for the 2003/04 renewal year compared with the costs from 2002/03. Since the SIR's for workers' compensation and liability have increased this year, so has the City's exposure and we will be required to increase the amount held in our insurance reserves. Each year, the City hires an outside consultant to prepare an actuarial study, which recommends the total required reserves for each type of coverage. Once we receive the fiscal year 2003 report, we will re- evaluate the balances in each of the reserve accounts and adjust them accordingly. If you have any questions concerning the 2003/04 insurance renewal, please let me know. City of Iowa City Rate Comparisom June 30, 2003 Type of Genesis Genesis Coverage 2002~03 2003~04 Work Comp $47,900, $68,355 Flood $12,867 $13,726 Property $247,006 $346,960 Terrorism on Property $7,351 $17,348 Excess Property $84,742 $120,209 Liability $252,500 $205,150 Total $652,366 $771,748 18.30% Iowa City Airport Business Plan Executive Summary ^u~st ~OOS CONFIDENTIAL DRA'lq~- ~U Executive Summ~ry This Executive Summary is presented to the City of Iowa City, Iowa t(~d~l~ ,~t~Ad Iowa City Airport Commission with an introduction to the multiple goals contained within the Iowa City Airport Business Plan that follows. Specific action items presented in this summary are shown for quick reference only as a prelude to the Business Plan report. Important details and justification can be found within the Plan itself in the Chapters reflected herein. Based upon our analysis, the three primary goals for the future success of the Iowa City Airport are: 1) to improve the image of the Airport both locally and nationally, 2) to reduce the overhead needed to operate the facility on a daily basis, and 3) to gradually improve revenues generated by the Airport to reduce and/or eliminate general fund tax subsidies. Although relatively small compared to many other general aviation airports of similar size and operations, the tax subsidy required for airport operations has a continuing negative impact on the Airport from a public relations perspective. Many comments were received by Airport Business Solutions throughout the course of the Plan's development regarding the positive impact that the Airport has on the community and the University of Iowa. However, the Airport has not taken advantage of this situation and allowed a negative perception of the Airport to persist. Historically, Airport management has been reactive rather than proactive regarding operations and positive image-building for the facility. The City continually benefits both directly and indirectly from the activities of the Airport, and this fact needs to be more aggressively demonstrated. The future potential of the Airport is considered to be good given a more structured environment, improved communications with local governmental leaders, and a more aggressive marketing and management style. Additionally, although the untimely departure of the previous fixed base operator created a significant financial drain on the Airport, the current FBO appears to be on solid footing and represents a regional business with an excellent reputation. Jet Air, Inc. appears to be in a strong position to assist the Airport in improving operations through a "team management" approach. Given the proper structure, and measured milestone achievement incentives, the City and the FBO could move forward with a plan that could potentially improve the financial _Airport 1 -- Business Solutions Iowa City Airport Business Plan 2 Executive Summary ^ugust 2003 CONFIDENTIAL DRAFT position of the Airport and the FBO. This situation would not only help the Airport financially, but also improve service levels to the end users of the Airport through the incentives provided. It should be noted that there are potential areas where the Airport may be able to gradually increase revenues; however, many of the following recommendations will not be achievable without the City making significant alterations to Airport staff and management structure, including, but not limited to, a contract management agreement with the FBO to facilitate day-to-day management and operation of the Airport. This and other recommendations and other action items will be addressed in greater detail within the body of this document, and are outlined as follows. Recommendations/Actionatems ~:~>~ ~ ~ Introduction and Chapter 1 (Historical Analysis): ~ :I3 ~ ~ · Increased proactive involvement with the local business c'~n~iunil~ and community organizations co · Increased interaction with the City Manager Chapter 2 (Statistical Analysis): · Better record-keeping of Airport operations and related activities · Continually monitor rates and fees at comparable airports · Play a stronger role in economic development in the area · Monitor Demographic Business and University Activity for aviation opportunities Chapter 3 (Management and Operations): · The FBO Owner/Manager should take a more active role in management and development of the Airport · Immediately begin to implement new organizational recommendations · Continue oversight by the Airport Commission _Airport 2 -- Business ~- Solutions Iowa City Airport Business Plan 3 Executive Summary August 2003 CONFIDENTIAL DRAFT · Make adjustments to lease agreements · Begin aggressive joint marketing efforts · Restructure advisory and communications distribution to City leaders · Management team needs to be able to manage several goals simultaneously · Aggressively seek development and installation of a precision landing approach · Maintain a high level of safety and security · Provide excellent customer service Chapter 4 (Airport Documents): · Adopt Leasing Policy · Adopt Rates and Charges Policy · Develop Minimum Standards · Prepare better lease language for new leases · Require security deposit on all leases · Prepare and maintain emergency phone and address list on all tenants Chapter 5 (Marketing Strategy): · Plan Airport Open Houses · Hold Contests for area youth · Host media events · Take advantage of University student population (potential pilots) · Keep updated media list · Conduct user surveys · Develop a milestone-based marketing plan · Increase interaction with aviation trade associations · Make Airport and FBO better known in national and regional aviation circles Chapter 6 (Financial Analysis): · Reduce and/or eliminate tax subsidy to Airport - Airport 3 -- Business ~ Solutions Iowa City Airport Business Plan 4 Executive Summary august 2003 CONFIDENTIAL DRAFT · IncreaseT-Hangar rates · Improve fuel volumes · Restructure management of the Airport to reduce overhead · Develop milestone incentives for the FBO · Improve financial tracking of revenues and expenses · Review the direct and indirect economic impact of the Airport · Negotiate with the City for a land swap of industrial park property · Complete a facilities audit and facilities needs assessment · Complete an energy and environmental study Within the report that follows, this Business Plan will outline many of the issues that have historically impacted Airport operations and development, as well as offering potential alternatives to maximize the effectiveness and efficiency of Airport ma~.agement, while facilitating revenue enhancement and self-sufficiency. Michael A. Hodges, ~I President/CEO Airport Business Solutions 365 Arroyo Drive Roswell, Georgia 30075-1258 (678) 461-4300 ..Airport 4 -- Business ..'"' Solutions RUC 12 03 03:31p Byron Ro~s 319-338-7321 IP4 FAX Au~t 12, ~003 TO; KEVIN O'MALLEY FAX ~319-341~ FROM; B~ ~ 1488 C~II FAX~319-33g-7321 Ru~ 12 03 03:37p Byron Ross 319-338-7321 BYRON R. ROSS 1455 CROMWELL PL IOWA CITY, IA 52240 A~ 12, 20O3 K~vin 0'~"~, City oflow~ City 410 East Washington St. Iowa City, IA. 52240-1826 Oe~r Iv~, O'Mal!ey: This letler is ~1 respo~ to your Augusi 1, 2003 Ictter. I. In the first paragraPh y°u stated that I had asked for you t° p°int °ut gr°ss errors thet I made. Yoa did not answer that queStlon b~ staled thai there had beena lc'view trade sometin~ a&o. ~ this was t~-,view was made (August II6, Jo~ Fowler, did most of the ~ He was in a most ~ive altilude a~d he did not seem to know that ~klng money from one pocke~ and putting it in a~otho~ does not gen~ate edditional money, What skills does he have that I~mmpled the Cb to let him do most of+he ta~in~ and apparently put him in charge of the project. Also, what mistakes did I make in preparing what I cor~ider a realistic additiorml Parking Revenue projection .,md what the Day Care Center rental could be for a temmt to survive tinanoially? 2. In pm-agnq~a 2, you stated lhat Ibe Citlt Council policy is that the construction of a I~ ramp and the other associated uses is in the best interest of the public, and thcrefore poblic part. ion vats approved. How and when wa~ public participation al~roved? You also mentioned that I was trl4ng to make a case thai any public property involving the purchase of priVate property is unacceptable. It might su~pflsu you that I have ~ involved with a numbcr of projects i~luding public oneS. lf~ou had done just a little homework yOU would have known that. 3, I am for sel~g the n~w aviation commercc par~ b~ think that this is goiog to be a very long-term project and ifon~ considers the time ~alue of moneY, which it seems that the City has n'ouble i~ doing or doesn't know very little ahem the concc'ph an outr~ht sale ofO~e ~til~ project should be considered. ~ information thai I l~cently reo~ived woUld h~licate thai the asking priCe per square foot ~ the lots is a little on the high 4. i n paragraph 4, ~ou used the Mo .tmon, Trek pro?t ~a~nd.t ,~,,, Pu _m. _.l~-_~_°f,:/x~-..r ..~i. e ,wn,~,rt~ Aga~ I have been involvco in a number ot s~rm~ pmj,~l r.-~---~'_ ....... ~:..~ +^ ~ criteria that each and every public project woulo not uttimatcly bc finanoially feasible. Again, not ~u¢ and my past history shows that ~u did not do ~ur hong~vork. You mentioned in the same p~ragraph that the projects ns idemir~d have received 'a~al ~fonl~ go~'rnment~etaide~-thatbein~ and f~ter~l_ go¥~i~ii,~tl~ a~ that indicate~, their support for the panicu~Z public policy at issue. It is my und~'rstailding that the F~teral and Stale Governments sign~d off on the Ground Tra~porlation Center via a l~'tlal environmen~ nssc~sm~t Cit~ ~ r~quired ~o condocL Tl~ir sig~ offdoe~ ~ot rede to approval It only mean~ that ~ey noqulesce to thc City Pla~ Ac~.~mce lind approv~ a~ two d~ff~t th~g~ · 8u~ 1~ 03 03:31p B~pon Ross 318-338-7321 Oiler comments: I. It has been statod more than once that ~his project will faci'~a~e deveJopment ~outh ofBurlhgto~ S~rect. Before spend/~g approxhu~ly $13,000,000, wouldn't it be prudent to h/re outside professionals to determine what the odds of th~s ~ would be. It is my undors'ta~in~ that ~ is approx/mstely I O0,GO0 ~quare feet ofavailablc comme~i~l sl~iC~ in the dowatow~. ~ M~ Hicronymuz has bee~ ~y~g to dwclop her propo~cy for a numbe~ ofy~a~ and I~s been ramble to find tenanta. W'~out tenant, fmanciag is not available. In rec~t ~ pl~ Centre O~ v~ Imving prob~lm wkh t~o of the five floors not being reined. The ovme~' solurion was to Cendo the building nnd ',he University purohnsed two of the floot~, From al! the info~tion th,~ 1 ~ be~n nble to gath~', parking ~ not been the rr,~n problem. The Old Capitol Town Cenv, er cost in excess of $20,000,000 to build. Whe~ the Urban Renewal Project that r~uired in this proj~t was proposed, two individuals did extemive rehash and could not find one place h the Urged S~ate~ where a propa snmhr to this was suCCe~foL The C/ty's nad ba~ker~' a~swer was "Iowa City is different and we need it to keep the downtown from having a large number of bars and ~esmurants.'~ It is my unda'standing that a couple ofindivlduah are interested in acqu~hg the fa~ilit~ but ooly if the prk= is no~ g~er than $6,000,000. l~om appears tha~ the University will acquire the p~oporty and it will be removed 2. Propert~ ~,es are a pwblerrc The Counly ~ S~hool District ge~ blamed and the City doeS not let the taxpayo~ know wh~re ~ incre~e really is. In FY 1993- 94, tt~ County/md school D~atrlct levies totaled 18.765 milis and thc Ci~ waS ! 2,900 mills. For FY2003-04, the County and School D~rict kvies totaled 18.690 mills aud theCitywas 17.618 mills, l_~y~r the C~was at 16.$1~ m/lis. Taxable valuation h~s in~rcased from $1,841,762,205 to $1,901,320,714. We read about the problem being all am-ibu~ed to thc cut in Federal and S~a~e funding. Last year the City was 16.813 mills. Other ci~iea have the same probk~n but have cut ~xport.~es ~nd kept the millage rate i,n lino. new one, For each enro~¢ that a present day ~ center loses ~o the lytOpOSed 3. their income will drop apptOxtmately $100 per wcek. This is not a high pro~ bus'mess. If'/hts happens, what will the City's answer be? Thcxe is no indication that thee has been a professional rc~rkefing study. Why not? 4. Anytime that the City can gci the p~'~, they mention the 8.1 millage rate lim~ for the General Fund. That is technically correct but O~e City mas bc~n levying thc 27 mills Emergency Le~ so ~he General Fond actually receives 8.37 milh, please make copk~ of the data that I fu~ you and all of our correspondence including this lc'~' and ge~ it to the City Council before the n~t meeting. Sincerely B~ro~ R. P. os~ August 1, 2003 .~ --~ ~__~.,~ Byron R. Ross 1488 Cromwell Plaoe Iowa City, IA 52240 Dear Mr. Ross: We have reviewed the financial information dated July 30 concerning the Court Street Transportation Center. You also resubmitted with that information some previous information you prepared and asked us to review, which we did some time ago. You have indicated that you believe that the Coud Street Transportation Center is not financially feasible. You further asked us to point out any gross errors you may have made. As we have discussed in the past, when accounting for a publicly developed project, that is, one which is built for a public purpose and developed by a public agency, applying your for-profit accounting procedures and policies and other standards is not realistic. Furthermore, it cannot accurately predict the project's success and/or the success of the public policy which initiated the particular public project. The City Council policy is that the construction of a parking ramp and the other associated uses is in the best interest of the public, and therefore public participation was approved. You seem to try to make a case that any public project involving the purchase of private property is thereby unacceptable. This has the effect of creating the circumstance where virtually no public project might ever occur. The reverse circumstances that you have identified as they relate to public policy can also occur. The new aviation commerce park is property associated with our airport and managed by the Airport Commission. This project has been designed and developed to be sold to private individuals (thereby tax producing). These are circumstances where just the opposite of your scenario occurs. That is, public ownership is converted to private ownership. This too is a matter of public policy and approved and accepted by the City Council. Another public project would be the construction of a thoroughfare, for example, Mormon Trek extended. Private property is purchased for the construction of this public improvement. The public policy issue is not only one of improved transportation within the community which requires the purchase of private property. Such a public improvement also initiates a policy of economic development through which the other properties in the area will enjoy the benefit of this public improvement (thereby increasing tax productivity) as well as other important economic issues. There seems to be some notion on your part that each and every public project, given the factors that you apply, would ultimately not be financially feasible. These matters have been supported by the public and determined to be of sound public policy through the actions of the City Council. You have expressed your opinion on these matters and if you would like, I would refer this information onto the Council. I do not see the need for any meeting, in that your concerns are one of policy and should properly be directed to the City Council. As always, I plan to provide the City Council with my best financial advice. As a side note, these proj(JCtS ~ identi¢ied 'h-av~ state and federal government, which indicates their suppod for the particular public policy at issue. 410 EAST WASHINGTON STREET · IOWA CITY, IOWA 52240- 1826 · (319) 356 5000 · FAX (319) 356 5009 BYRON R. ROSS 1488 CROMWELL PL IOWA CITY, IA 52240 319-338-7093 July 30, 2003 TO: Stephen Adkins City Manager City of Iowa City Kevin O'Malley Finance Director City of Iowa City Dear Steve and Kevin: I am very concerned about the financial feasibility of the Near Southside Transportation Center. Enclosed are documents reflecting what I have determined to be realistic. Please study these documents and schedule a meeting with me in the very near future. IfI have made gross errors, please let me know. Please schedule a meeting sometime during the first week of August. Thanks. Byron NEAR SOUTHSIDE TRANSPORTATION CENTER FINANCIAL ANALYSIS BY BYRON ROSS IN 2003 ~ INCREASE PRESENT RAMPS - COMPARISONS: FY002 FY003 (DECREASE) CAPITOL STREET RAMP: HOURLY $ 1,015,786 $ 1,032,007 $ 16,221 PERMITS 96,889 95,034 (1,855) TOTALS $ 1,112~675 $ 1,127~041 $ 14~366 DUBUQUE STREET RAMP: HOURLY $ 374,176 $ 294,946 $ (79,230) PERMITS 157,218 170,557 13,339 HOTEL CONTRACT 86~159 60~000 (26~159) TOTALS $ 617,553 $ 525~503 $ (92,050) CHAUNCEY SWAN RAMP: HOURLY $ 48,108 $ 45,632 $ (2,476) PERMITS 1801241 1341038 (461203) TOTALS $ 228,349 $ 179,670 $ (48,679) TOWER PLACE RAMP: HOURLY $ 28,755 $ 316,364 $ 287,609 PERMITS 47,925 81 ~299 33~374 TOTALS $ 76,680 $ 397~663 $ 320,983 LIBRARY LOT HOURLY $ 112,064 $ 34,949 $ (77,115) GRAND TOTALS: HOURLY $ 1,466,825 $ t,688,949 $ 222,124 PERMITS 4821273 480~928 (11345) TOTALS $ 1,949,098 $ 2,169,877 $ 220,779 ESTIMATED NUMBER OF PERMITS 9,451 9,329 I1227 NOTE - HOURLY RATES HAVE CHANGED AND CAN'T DETERMINE INCREASE DUE TO RATE CHANGES PROJECTED FOR NEW RAMP: YEAR 1. YEAR 2 HOURLY ~ $ 50,490 $ 50,490 PERMITS - @ $40 206~400 206~400 TOTALS $ 256,890 $ 256,890 PARKING RAMP PROPOSAL: 1. THE PROJECTIONS PREPARED By THE CITY ARE FOR FIVE LEVELS WITH THE FIFTH LEVEL. AS A $1,100,000 ALTERNATE 2. DOES THE TOTAL FOR PERMITS SEEM TO BE REASONABLE - $480,928 NOW AND ADDING $206,400 FOR THE NEW RAMP? 3. WILL THE AMOUNTS FOR THE NEW RAMP ALL SE ADDITIONAL INCOME OR WILL THE AMOUNTS FOR THE PRESENT RAMPS BE REDUCED BY A SUBSTANTIAL PORTION OF THE AMOUNT PROJECTED FOR THE NEW RAMP? COMPARISON FOR 4 YEARS INDICATE A NEW RAMP ADDED AND COLLECTIONS DID NOT INCREASE AS MUCH AS RATE INCREASES. 4. I HAVE HEARD MORE THAN ONCE THAT THE WAY THE CITY WAS GOING TO GET THE ADDITIONAL INCOME IS TO PROHIBIT PARKING FROM 6:00 P.M. TO 6:00 A.M IN CERTAIN AREAS SOUTH OF BU~LINGTObl ~TREET. IF THiS ISIEUE, SHOULDN!T THE PJJBLIC BE NFORMED THAT TH!S !S PART OF THE GAME PLAN? IS THIS FAIR TO THE APARTMENT OWNERS AND TENANTS WHO HAVE PARKED IN THE STREET FOR MANY YEARS AND WILL BE SUBJECT TO AN ADDITIONAL COST? 5. IT HAS BEEN STATED THAT THIS FACILITY WILL HELP THE AREA SOUTH OF BURLINGTON STREET DEVELOP. HAS THERE BEEN A MARKETING STUDY THAT WOULD SUPPORT TH S STATEMENT? WHY HASN'T THE APPROXIMATELY 100,000 SQ. FT. VACANT SPACE IN THE CENTRAL AREA RENTED? 6. WHY NOT JUST REMOVE THE OLD NEW PROCESS BUILDING AND MAKE THAT AREA INTO A SURFACE PARKING LOT AND TRY TO FIND SOMETHING TO DO WITH THE BANK BUILDING? IT IS WELL ACCEPTED THAT THE PUBLIC PREFERS SURFACE PARKING OVER RAMPS. WHY NOT ACCEPT WHAT IS WELL KNOWN? 7. THE GOVERNMENT HAS APPROPRIATED $8,000,000. YOU DO NOT NEED TO ACCEPT IT. INCOME STATEMENT HYPOTHETICAL DAY CARE CENTER PEPARED BY B ROSS SOURCE DATED 1988 % OF "SAMPLE" INCOME- 62 IN CARE SALES 95 IN CARE DAY CARE INCLUDING FOOD $ 189,346 100.00% $ 691,600 $140 PER WEEK EXPENSES: RENT 8,990 SQ FEET $ 14~400 7.61% $ 52,600 UTILITIES 9,600 5.07% 35,000 JANITORIAL 3,000 1.58% 11,000 PLAY & ART SUPPLIES 1,300 0.69% 5,000 LUNCH EXPENSE 20,150 10.64% 74,000 KITCHEN HELP 2,400 1.27% 9,000 KITCHEN SUPPLIES 250 0.13% 1,000 FOOD & SNACKS 9,235 4.88% 34,000 BUILDING MAINTENANCE 1,500 0.79% 5,000 EQUIPMENT REPAIR 300 0.16% 1,000 OFFICE SUPPLIES 300 0.16% 1,000 ACCOUNTING & LEGAL 4,500 2.38% 5,000 TRAINING 200 0.11% 1,000 INSURANCE 800 0.42% 3,000 VEHICLE EXPENSE & TRIPS 0.00% 6,000 VACANCIES & UNCOLLECTED 0.00% 28,000 3% OF GROSS STAFF - 11 HOUR DAYS 75,920 40.10% 277,000 SUPERVISORS 0.00% 25,000 3.61% PAYROLL TAXES & INSURANCE, FRINGES - 15% 11,388 6.01% 53,000 15% OF PAYROLL OWNER'S SALARY - LONG DAYS 30,000 15.84% 50,000 7.50% TOTAL EXPENSES $ 185,243 97.83% $ 676,600 NET INCOME BEFORE DEPRECIATION, INTEREST, ETC. $ 4,103 2.17% $ 15,000 2.17% COMMENTS - DATA FROM IOWA DEPT HUMAN RESOURCES - REQUIREMENTS: STAFF RATIO: AGE 2 WEEKS TO 2 YEARS 1 FOR EVERY 4 CHILDREN AGE 2 YEARS 1 FOR EVERY 6 CHILDREN AGE 3 YEARS 1 FOR EVERY 8 CHILDREN AGE 4 YEARS I FoR EVERY 12 CHILDREN AGE 5 TO 10 YEARS 1 FOR EVERY 15 CHILDREN AGE 10 YEARS AND OVER 1 FOR EVERY 20 CHILDREN OUTDOOR SPACE REQUIREMENTS INCLUDING SAFE PLAY EQUIPMENT AND AN AREA OF SHADE - SUFFICIENT SQUARE FOOTAGE TO ACCOMMODATE 30% OF ENROLLMENT CAPACITY AT ANY ONE TIME ~,T 75~(~[-ET PER CHILD: SQUARE FOOTAGE PER 3-9-03 NEWS ARTICLE 2,150 SQUARE FEET SQUARE FOOTAGE PER CITY STAFF - APPROXIMATELY 2,000 SQUARE FEET MAXIMUM CAPACITY USING 2,150 SQUARE FEET 96 CONCLUSION - WITH A RENT COST OF $71,920, IT WOULD BE DIFFICULT TO MAKE A PROFIT CENSUS & PROPERTY TAX COMPARISONS: NORTH CEDAR IOWA CITY CORALVILLE LIBERTY AMES RAPIDS 2000 CENSUS & PROPERTy TAX INFORMATION: POPULATION 62,220 15,123 5,387 50,731 120,758 UNITS OF HOUSING 26,083 6,754 2,977 18,757 52,240 PER UNIT 2.4 2.2 1.8 2.7 2.3 AREA - ACRES 24.44 10.23 6.78 21.58 64.41 PER PERSON 0.0004 0.0007 0.0013 0.0004 0.0005 PROPERTY TAX MILLAGE 17.59587 12.16264 10.25 11.88 13.06777 NOTE - AMES HAS A 1% LOCAL OPTION SALES TAX. ESTIMATED "VALUE" 2 MILLS. ACTUAL ASSESSMENT RATE IS 9.68 MILLS 13.4667 MARION, IOWA 12.9935 MT. VERNON, IOWA CLAIM TO FAME: 20 BEST PLACES OM AMERICA TO LIVE & WORK - BESTJOBUSA.COM X 20TH BEST PLACE TO LIVE - MEN'S JOURNAL X 6TH OF 496 NATIONALLY BEST SMALL CITY TO DO BUSINESS X AMES LIBRARY RANKED 9TH FOR CITIES THAT SIZE BY AMERICA PUBLIC LIBRARIES IOWA CITY OFTEN REFERS TO THE "8.1 MILLS LIMIT" FOR THE GENERAL FUND, THEY FAIL TO MENTION THAT FOR A NUMBER OF YEARS THEY HAVE BEEN LEVYING .27 MILLS AS AN "EMERGENCY LEVY", THIS IS GENERATING OVER $500,000, AND THIS AMOUNT IS TRANSFERRED TO THE GENERAL FUND. NET EFFECT 8.37 MILLS. NEAR SOUTHSIDE TRANSPORTION CENTER FINANCIAL ANALYSIS BY BYRON ROSS IN 2002 & 2003 COST ESTIMATE - PER INFORMATION FROM CITY: CASH FLOW PROJECTIONS PER CITY DATA: CONSTRUCTION COSTS: INCOME - YEAR 1 REVISED INCREASED RATES: SITE DEMOLITION $ 160,995 SITE PREPARATION 198,505 PERMITS - 430 AT PARKING AREA (4 LEVELS) 4,897,736 $40 PER MONTH $ 206,400 ADDITIONAL FOR 5TH LEVEL PLANNED HOURLY PARKING 50,490 AS AN ALTERNATE 1,100,000 SEE SEPARATE SHEET FOR COMMENTS BUS FACILITY - 2,950 SQ FT 540,000 RENT 2,959 SQ FT ~ $8 23,600 (PRESENT $15,600) SEE SEPARATE SHEET FOR COMMENTS DAYCARE CENTER - 8,990 SQ. FT. & RENT 8,990 SQ FR {~ $8 71,920 EST. 2,150 SQ. FT.- PLAYGROUND 746,091 SEE SEPARATE SHEET FOR COMMENTS BICYCLE AREA 23,426 TOTAL REVENUES $ 352,410 LANDSCAPE/HARDSCAPE 241,370 AS A % OF $13,267,858 SUBTOTAL - NET COSTS $ 7,908,123 TOTAL INVESTMENT 2.66% GENERAL REQUIREMENTS - 5% 340,406 CONTRACTOR'S MARKUP - 8.5% 578,690 EXPENSES - YEAR 1: DESIGN CONTINGENCY - 5% 340,406 PERSONAL SERVICES $ 38,253 TOTAL CONSTRUCTION COSTS $ 9,167,625 COMMODITIES 8,306 ADDITIONAL COSTS: CONTRACTED SERVICES 62,659 PROFESSIONAL FEES - 6.5% OF MAINTENANCE RESERVE 40,000 CONSTRUCTION INCLUDING ALTERNATE $ 595,895 TOTAL EXPENSES $ 149,218 CONSTRUCTION CONTINGENCY - 5% 408,487 ON-SITE INSPECTION AND TESTING 275,000 NET CASH FLOW $ 203,192 PUBLIC ART - 0.5% OF CONSTRUCTION COSTS 40,850 IT APPEARS THAT THE CASH FLOW, IF ANY, LAND ACQUISITION 2,600,000 WILL GO TO THE MASS TRANSIT OPERATIONS. LEGAL AND LAND ACQUISITION ALSO, THE TRANSPORTATION DEPARTMENT CONSULTING 180~000 WILL COVER ANY LOSSES. TOTAL ADDITIONAL COSTS $ 4,100,232 TOTAL PROJECT COST $ 13,267,857 ESTIMATE SHEET SHOWS A JULY 24, 2002 PRESS-CITIZEN ARTICLE THAT TOTAL FEDERAL FUNDING TO DATE IS $8.66 MILLION. THIS WOULD INDICATE THAT IN THE FUTURE, THE CITY WILL RECEIVE AN ADDITIONAL $.94 MILLION - TOTAL; $9.6 MILLION. THIS WOULD INDICATE LOCAL FUNDING PRIMARILY THROUGH GENERAL OBLIGATION BONDS OF $3~394 MILLION AND THE BALANCE FROM OTHER AREAS. PROPERTY TAX OF $72,806 WAS COLLECTED LAST YEAR FROM THE PRESENT PROPERTIES AND APPROXIMATELY 45% OF THAT WAS FOR THE CITY AND THE BALANCE WAS FOR OTHER TAXING ENTITIES SUCH AS THE COUNTY AND THE SCHOOL DISTRICT. IF NO TAXES ARE COLLECTED ~3N THE NEW FACILITY, WON'T THAT DECR~ THE C13'~ CASH FLOW APPROXIMATELY $33,000? THE LATEST PROJECTION THAT WAS GIVEN TO ME SHOWS A TOTAL CASH FLOW OF $4,062,247. IT IS MY OPINION THAT AMOUNT IS VERY OPTIMISTIC AND NOT REALISTIC. CONCLUSION: BASED ON DATA SHOWN, NET INCREASE IN CASH FLOW TO CITY WOULD BE LITTLE IF ANY. IF 20 YEAR BONDS WITH A 5% INTEREST RATE ARE ISSUED, THE TAXPAYERS WILL BE PAYING APPROXIMATELY $250,000 ANNUALLY FOR THE NEXT 20 YEARS ON THE $3,400,000 "MULTI-PURPOSE - GENERAL OBLIGATION" BONDS. UNLESS PARKING REVENUES ARE IN ADDITION TO THE PRESENT AMOUNTS BEING RECEIVED, THE NET RESULT WOULD ALSO BE A DEFICIT. BASED ON AVAILABLE DATA, THE DAY CARE CENTER WOULD NOT GENERATE THE REVENUES SHOWN BY THE CITY. PER THE YELLOW PAGES, THERE SEEMS TO BE A LARGE NUNBER OF DAY CARE CENTERS IN THE IOWA CITY METROPOLITAN AREA. STAFFING IS VERY DIFFICULT. CONCLUSION - AN ANNUAL DEFICIT OF $500,000 TO THE CITY FOR MANY YEARS. Sister Joan Chittister I Is There Anything Left that Matters? I PS Marian Karr From: Irvin Pfab [ipfab@avalon.net] Sent: Tuesday, August 12, 2003 10:05 PM To: Iowa City City Council Subject: 52903Nv..Is there anything left that Matters?: truthout.org, by Sister Joan Chittister, OSB - Perspective Importance: High Is There Anything Left That Matters? By Sister Joan Chittister, OSB t r u t h o u t [ Perspective Thursday 29 May 2003 This is what I don't understand: All of a sudden nothing seems to matter. First, they said they wanted Bin Laden "dead or alive." But they didn't get him. So now they tell us that it doesn't matter. Our mission is greater than one man. Then they said they wanted Saddam Hussein, "dead or alive." He's apparently alive but we haven't got him yet, either. However, President Bush told reporters recently, "It doesn't matter. Our mission is greater than one man." Finally, they told us that we were invading iraq to destroy their weapons of mass destruction. Now they say those weapons probably don't exist. Maybe never existed. Apparently that doesn't matter either. Except that it does matter. I know we're not supposed to say that. I know it's called "unpatriotic." But it's also called honesty. And dishonesty matters. It matters that the infrastructure of a foreign nation that couidn't defend itself against us has been destroyed on the grounds that it was a military threat to the world. It matters that it was destroyed by us under a new doctrine of pre-emptive war" when there was apparently nothing worth pre-empting. It surely matters to the families here whose sons and daughters went to war to make the world safe from weapons of mass destruction and will never come home. It matters to families in the United States whose life support programs were ended, whose medical insurance ran out, whose food stamps were cut off, whose day care programs were eliminated so we could spend the money on sending an army to do what did not need to be done. It matters to the Iraqi girl whose face was burned by a lamp that toppled over as a result of a U.S. bombing run. It matters to Ali, the Iraqi boy who lost his family - and both his arms - in a U.S. air attack. It matters to the people in Baghdad whose water supply is now fetid, whose electricity is gone, whose streets are unsafe, whose 158 government ministries' buildings and all their records have been destroyed, whose cultural heritage and social system has been looted and whose cities teem with anti-American protests. It matters that the people we say we "liberated" do not feel liberated in the midst of the lawlessness, destruction and wholesale social suffering that so-called liberation created. It matters to the United Nations whose integrity was impugned, whose authority was denied, whose inspection teams are even now still being overlooked in the process of technical evaluation and disarmament. It matters to the reputation of the United States in the eyes of the world, both now and for decades to come, perhaps. And surely it matters to the integrity of this nation whether or not its intelligence gathering agencies have any real intelligence or not before we launch a military armada on its say-so. 8/13/03 Sister Joan Chittister I is There Anything Left that Matters? Page 2 of 2 And it should matter whether or not our government is either incompetent and didn't know what they were doing or were dishonest and refused to say. The unspoken truth is that either as a people we were misled, or we were lied to, about the real reason for this war. Either we made a huge - and unforgivable - mistake, an arrogant or ignorant mistake, or we are swaggering around the world like a blind giant, flailing in all directions while the rest of the world watches in horror or in ridicule. If Bill Clinton's definition of "is" matters, surely this matters. If a president's sex life matters, surely a president's use of global force against some of the weakest people in the world matters. If a president's word in a court of law about a private indiscretion matters, surely a president's word to the community of nations and the security of millions of people matters. And if not, why not? If not, surely there is something as wrong with us as citizens, as thinkers, as Christians as there must be with some facet of the government. If wars that the public says are wrong yesterday - as over 70% of U.S. citizens did before the attack on Iraq - suddenly become "right" the minute the first bombs drop, what kind of national morality is that? Of what are we really capable as a nation if the considered judgment of politicians and people around the world means nothing to us as a people? What is the depth of the American soul if we can allow destruction to be done in our name and the name of "liberation" and never even demand an accounting of its costs, both personal and public, when it is over? We like to take comfort in the notion that people make a distinction between our government and ourselves. We like to say that the people of the world love Americans, they simply mistrust our government. But excoriating a distant and anonymous "government" for wreaking rubble on a nation in pretense of good requires very little of either character or intelligence. What may count most, however, is that we may well be the ones Proverbs warns when it reminds us: "Kings take pleasure in honest lips; they value the one who speaks the truth." The point is clear: If the people speak and the king doesn't listen, there is something wrong with the king. If the king acts precipitously and the people say nothing, something is wrong with the people. It may be time for us to realize that in a country that prides itself on being democratic, we are our government. And the rest of the world is figuring that out very quickly. From where I stand, that matters. Sister Joan Sister Joan is a Benedictine Sister of £de. This letter o~iginally appeared in The National Catholic Repeller. © Copyright 2003 by TruthOut.org 8/13/03 From Council Member Pfab We Stand Out Oound, by William Rivers Pi~t August 10, 2003 psg¢ 1 Editor's Note ] I delivered the following comments as the keynote spealcer at the Veterans for Peace National Convention in San Francisco. - wrp We Stand Our Ground By William Rivers Pitt truthoutlPerspective ©.< a. -TI Sunday 10August2003 .~C3~ -- ! I must begin by saying that standing here before you is, simply, one of the greatest hono.l~n~ y have never served in the armed forces in any capacity. My father, however, did. He volu~d f~ service in Vietnam in 1969. The changes that war wrought upon him have affected, for b~h goo~nd ill, every single day of my life. Vietnam did not only affect the generation that served there. It affected the children of those who served there, and the families of those who served there. That war is an American heirloom, great and terrible simultaneously, handed down from father to son and from mother to dm,ghter, from father to daughter and from mother to son. The lessons learned there speak to us today, almost thirty years hence. Let me tell you a quick story about my father. His call to the freedom bird came while he was still out in the field. He arrived at Dulles Airport to meet my mother still dressed in his bush greens, still wearing the moustache, with the mud of Vietnam still under his fingernails and stuck inside the waffle of his boot sole. A few days earlier, he had come across a beautiful old French rifle. It was given to him by a Vietnamese friend, a former teacher with three children who had been conscripted permanently into the military. My father managed to bring this rifle home with him, and sent it on the flight in the baggage hold along with his duffel. My father and my mother stood waiting at the baggage claim for his things to come down. The people there - and this was 1970, remember - backed away from him as if he was radioactive. They knew where he had just come from. If the greens were not a giveaway, the standard issue muddy tan he and all the vets wore upon return from Vietnam was. When the rifle came down the belt, not in a package or a box, just laying there in all its reality, the crowd was appalled and horrified. My mother and father looked at each other and wondered what these people were thinlclng. What did they think was happening over there? What did they think it is that soldiers do? Did they even begin to understand this war, and what it meant, what it was doing to American soldiers, to the Vietnamese soldiers like my father's Mend, and to the civilians caught in the crossflre? The looks on those people's faces there said enough. The answer was no. They didn't know, and apparently didn't want to know. Now, thirty three years later, we are back in that same place again, fighting a war few understand that is affecting soldiers and civilians in ways only those soldiers and civilians can truly know. Ignorance, it seems, is also an American heirloom to be passed down again and again and again. Many of you know, far better than I do, what my father felt that day in Dulles. That is why I am honored to speak to you tonight. If the American people fully knew what this war in Iraq was really about, if they fully knew what it means today to be a soldier in that part of the world, they would tear the White House apart brick by brick, ffthe people had but a taste of the horror and the lies, they would repudiate this administration and all it stands for. The don't know, because they have been fed a glutton's diet of misinformation and fraud. Changing that is why we are here. The first of August saw a very interesting article published in the Washington Post. The title was, "US Shifts Rhetoric On its Goals in Iraq." The story quotes an unnamed administration source - I will bet you all the money in my wallet that this 'source" was a man named Richard Perle - who outlined the newest reasons for our war over there. "That goal is to see the spread of our values," said this aide, 'and to understand that our values and our security are inextricably linked." Wc Stand OurOound, by WilliamRiv~'s Pitt August 10, 2~3 P~e 2 ~ ~lu~. T~t's an inter.rig ~n~t ~g ~om a memb~ of t~s ~ation. We ~e much of ~e ~mess ~d high moral smding of the U~t~ St~ of ~e6~ ~d thee is much to be proud ot ~e Mve~is~ however, has lately f~led ~mpl~ely to ~ch up ~ the proud. Is it p~ of o~ value system to r~n on a p~em w~ f~ting sin~ World W~ ~ shumi~ money d~mely n~ for hu~ se~s ~d ~u~tion ~to a ~li~ matte w~ v~ s~ ~d ex~n~ de~nds the fig~i~ ofw~s ~ juai~ its e~st~? Is it p~ ofo~ v~ue syaem to lie to ~e ~e~n ~pi~ to ~e d~ply and broadly and wi~ no ~e at ~ a~ut ~y we fight in ~aq? Is it p~ of our v~ue sy~em to ~cfifi~ n~y ~ hun&~ ~n ~ldi~ on the ~t~ of~om ~es, to ~efifice thous~ds ~d thou~ds ~d ~ou~ds ofi~em ci~lians in ~ on the ~t~ of ~om ~es? Is it p~ of o~ ~ue system m u~ ~e ho~r of S~em~ 11 ~ t~ ~e ~ ~ple imo ~s~ ~, imo the mimtion of their civil fig~, ~to the ~hilation of ~e Cogitation? ~ it p~ ofo~ ~lue sy~em to u~ t~t te~ble day ~n~ tho~ ~ p~ple w~lt mo~ pe~nally the a~l blow oft~t a~ack? ~ Is ~ fira pm of o~ v~ue syaem? ~ . . . Is hvmg m f~ p~ of o~ value system? ~ ~ It is not p~ of my v~ue sy~em. It n~er ~ ~.. ~ O ~s n~ juaifi~tion for o~ w~ in Ir~ is ~ ~th~ lie, ~ a~nt m a syrup?ny of i~ ~e t~s a~ini~ation r~re~ts play no p~ in ~e ~mon mo~ of the ~ ~y ~p~ ~ the le~ and ~i~on~ system we adore ~ d~end. One of the wora t~ngs ~er ~p~ ~s m~ ~ ~loMng the ~ple wi~n this a~iffis~afion to um words l~e '~om' ~ *juai~ ~d 'dem~m~' and "padofis~" for ~o~ g~ ~d noble words ~ome ~e foulea of lies when passing ~ek lips. For ~e r~rd, the ju~tion for ~ on k~ ~: ~ pr~e~ by ~ of ur~um ~om Nig~ foru~ in a nucl~ w~ns pm~ plus 26,~ liters of ~t~ 38,~ ht~ of ~inum to~ 5~ tom of ~ must~d ~d ~ ne~e agents - 5ffi tom, for thom ~o~ ~mlato~ is one ~llion ~ds - ~oa 30,~ muffitions ~able of deliv~ng chemic~ ~ems, ~eral mobile biolo~l w~m labs, ~d m~ons b~n ~e k~i r~ime ~d al Qa~a ~t 1~ dke~ly to ~e ~ac~ of Sept~ 11. None of the~ w~pons ~ve b~n found. ~e mobile w~m labs - t~ *Wi~ebag~ of D~th' by Colin Powell - ~ o~ to M w~ther b~n platfom mid to kaq by ~e B~ish in the 1980s. infmous kaq*al Q~'~ion has b~n shot to pi~s by the r~ntly rel~ Septem~ 11 r~a. ~d ~e Nig~ ur~um claim ~s b~ u~n forgoes m l~le ~t ~m studs emb~ ~d as~ before the jud~ent of the world. T~s is ~ fea~ on ~e ~te Hour's w~site on a p~e ~1~ ~i~ng Saddam.' ~e Nig~ c~ms, s~fi~ly, Mve ya to be r~ov~. Lies. Lies. ~1 lies. ~t W~n~on Poa aox, how~, r~s a d~ t~h h~e. Now ~t ~ ofi~n~ ~d t~ing clai~ to jusfi~ t~s w~ ~ve b~n prov~ to ~ u~ly ~d mmpl~ely phony - Nig~ r~ly ~k~ for ~ a~lo~, by ~e my - the a~niaration is ~ling back u~n the ju~ifimtion for w~ t~t ~e~ men Mve b~n fomulaing for y~s ~d y~s and y~s. They mB k P~ ~i~ a pl~ to ~vade kaq, ~e it ova, ~te a ~ent ~lit~ pre~n~ ~e, ~d u~ the oil r~enues to ~nd ~ ~s a~ ~y eve~ nation in t~t r~on. ~is we ~11 bringing o~ "~ues' over thee. Nora P~or~ one of~e id~lo~ lathes oft~s ~oup of n~ns~ativ~ who now ~ntrol the forei~ ~h~ oft~s mtio~ de~ the p~ss ~ refomtion ~d m~imtion of Islam.' ~at's a pr~ fancy p~. I am a Ca, olio, ~d mn ~efore ~1 k by its simpl~ mine: Cm~de. We ~ow ~1 ~out those. This is ~e Pmje~ for a N~ ~ Cent, the pr~u~ ora fi~t-~ng t~ ~ t~ in 1997, w~ comider~ ~ f~ o~ there that no one ev~ ~ou~t ks memb~s would ever ~me wit~n ten ~les of s~ng ~ policy. One brok~ el~ioK how~, mlt~ th~ men ~to ~skiom ofuns~le pow~. ~eir whte pap~, thek ~ of empke at the ~int of the ~ord, Mve b~me our We grand Our Gound, by William Rivers Pitt August 10, 2003 Page 3 nightmare, and the nightmare nfthe world. I speak of Dick Cheney, Donald Rumsfeld, Paul Wolfowitz, Richard Perle, John Bolton, Lewis Libby, and the rest of these New American Century men who have taken our beloved country and all it stands for it and thrown it down into the mud. You will note that I did not name George W. Bush, for blaming Bush for the gross misadministration of this governmem is like blaming Mickey Mouse when Disney screws up. He is not in charge. Truman said "The buck stops here," and so we point to Bush as a symbol of all that has gone wrong. But he is not in charge. These other men, these New American Century men, have delivered us to this wretched estate, and by God in Heaven, there will be a reckoning for it. But is it all ideology for these men? Of course not. There is the payout. Have you ever heard of a company called United Defense, out of Arlington, Virginia? Let me introduce you. United Defense provides Combat Vehicle Systems, Fire Support, Combat Support Vehicle Systems, Weapons Delivery Systems, Amphibious Assault Vehicles, and Combat Support Services. Some of United Defense's current programs include: The Bradley Family of Fighting Vehicles, the M113 Family of Fighting Vehicles, the MSBA2 Recovery Vehicle, the Gri:~.ly, the M9. ACE, the Composite Armored Vehicle, the M6 Linehacker.~the M~ Command and Control Vehicle, the Battle Command Vehicle, the Paladin, the Future S~t,!t,and~avalry System, the Crusader, EleCtric Gun Technology/Pulse Power, Advanced Simulations ar~T~tini~ ~ System. s, and Fleet Management. This list goes on and on, and includes virtually everytl~g~n ~"- war nnght need. . . ..-~ C3 ~ Who owns United Defense? Why, the Carlyle Group, which bought United Defense in O~r ot~199~ For those not in the know, the Carlyle Group is a private global investment firm. Carlyle ~ el~ .o.b.e..nth largest defense contractor in the US because of its ownership of companies making tanks~trora~ ~ngs and other equipment. Carlyle has ownership stakes in 164 compames which generated $16 billion iff revenues in the year 2000 alone. The Carlyle Group does not provide investment or other services to the general public. Who works for the Carlyle Group? George Herbert Walker Bush works for the Carlyle Group, has been a senior consultant for Carlyle for some years now, and sits on the Board of Directors. This company is profiting wildly from this war in Iraq, a tidy gifi from son to father. And then, of course, there is Dick Cheney's Halliburton, profiting in the millions from the oil in Iraq. Halliburton subsidiary, Brown & Root, is also in Iraq. Their stock in trade is the building of permanent military bases. Here is your pe~iiianent military presence in Iraq, and all for an incredible fee. Cheney still draws a one million dollar annual check from Halliburton, what they call a 'deferred retirement benefit.' In Boston, we call that a paycheck. Pax Americana. That which President Kennedy spoke so eloquently and specifically against when he said, "Whnt kind of a peace do we seek? Not a Pax Americana enforced upon the world by our weapons of war." This is now the rule of law for this nation. It must be stopped, and we must be the ones to stop it. This is America. At bottom, America is a dream, an idea. You can take away all our roads, our crops, our people, our cities, our armies - you can take all of that away, and the idea will still be there as pure and great as anything conceived by the human mind. I do very much believe that the idea that is America stands as the last, best hope for this world. When used properly, it can work wonders. That idea, that dream, is in mortal peril. You can still have all our roads, our crops, our people, our cities, our armies - you can have all of that, but if you murder the idea that is America, you have murdered America itself in a way that ten thousand September 1 lths could never do. The men and women within this current administration are murdering the idea that is America with their Patriot Acts, their destruction of civil liberties, their lies, their daily undermining of even the most basic tenets of decency and freedom and justice that we have tried to live up to for 227 years. That, and that alone, should be enough to get you on your feet with your fist in the air, whether or not you believe we have any chance of stopping all this. We may not win, but we damned well have to fight them. ffwe don't, we are the traitors some would say we are. Wc St,md Out Oound, by William Rives Pilt August 10, 2003 Pago 4 When you stare into the obsidian darkness of the Vietnam Veterans Memorial in Washington DC, it stares back at you. The stone of the monument is jet black, but polished so that you must face your own reflected eyes should you dare to read the names inscribed there. You are not alone in that place. You stand shoulder to shoulder with the dead, and when those names shine out around and above and below the person you see in that stone, you become their graveyard. Your responsibility to those names, simply, is to remember. Remember what that dream, that idea that is America, is supposed to be. Never forget it. Never let your children forget. Hand it down, generation after generation, because it is the most valuable heirloom we all possess. If we lose it, we have lost everything. When all else fails, I fall back on the words of the extraordinary anti-war activist, Daniel Berrigan. A friend of Berrigan's, Mitchell Snyder, was for years an advocate and activist for the homeless in Washington DC. Snyder became despondent over the fact that his government could spend billions on bombs and planes and guns, but could not seem to find the money to help the homeless. Snyder became so despondent that he committed suicide. Daniel Berrigan penned these lines in memory of Snyder, and it is in these lines that I find my hope and strength when the darkness creeps too close. Some stood up once, and sat down Some walked a mile, and walked away Some stood up twice, then sat down, "I~¢e had it" they said, Some walked two miles, then walked away. "It's too much," they cried. They were taken for fools, They were taken for being taken in. Some walked and walked and walked. -- They walked the earth, They walked the air. ~ " "Why do you ~and," they were asked, ~and why do you waik?~ "Because oftbe children," they said, "And because oftbe heart, "And bo~tuse of the bread," "Because the cause is the heart's beat, And the children bom And the risen brend." The cause is the heart's beat. This cause is my heart's beat. It is yours. May it be tbere for all time, until that day comes when we can, once again, staud in awe and prido before our flag and our government and our nation, when we can onc~ ~ain revel in the rescoed dream that is America. Until then we are at the barric~es, and on the streets, and in the faces of all those who would spend the precious blood of our men and women on lies and profit and gr~x~:l. The obsidian darkness of that memorial demands this of us. The golden ideals of this nation demand this of us. The laws of our forefathers demand this of us. Most importantly, we demand this of ourselves. They can take nothing fi.om us that we are not willing to give, and we are not willing to give this gr~t nation up. Let them be warned. We mind our ground. Thank you. William Rivers Pitt is the Managing Editor of truthout, org. He is a New York Times and international best-selling author of three books- "War On Iraq, "available from Context Books, "The Greatest Sedition is Silence, "available from Pluto Press, amt "Our Flag. Too: The Paradox of Patriotism, "available in August from Context Books. © Copyright 2003 by TmthOut.org IP7 AGENDA City of Iowa City City Council Economic Development Committee Thursday, August 21, 2003 10:00 a.m. Lobby Conference Room City Hall 410 East Washington Street 1. Call to Order 2. Approval of Meeting Minutes - May 13, 2003 3. Set Date and Time for Next Meeting 4. ICAD - General Update and Location One Information System (LOIS) 5. Workplace Learning Connection - Program Sustainability 6. CDBG Application - DeLuxe Bakery 7. Other Business 8. Adjournment City of Iowa City MEMORANDUM DATE: August 13, 2003 TO: Council Economic Development Committee FROM: Steven Nasby, Community and Economic Development Coordinat RE: August Meeting Agenda Due to the cancellation of the June meeting, there were two presentations (SBDC and ICAD) to carry over into this meeting. Unfortunately, the representative from the Small Business Development Center had a conflict so I have scheduled them for September. The following is a brief description of the August agenda items. Iowa City Area Development grouo (ICAD~ Update Joe Raso, President of ICAD, will provide a general update to the Committee regarding TCAD activities. In addition, Mr. Raso will be discussing the Location One Information System (LOIS) and ]Eowa City's involvement with this new economic development tool. WorkDlace Learninq Connection Council member Vanderhoef requested that a representative from the Workplace Learning Connection address the Economic Development Committee regarding the sustainability of their programming. DeLuxe Bakery - CDBG Funding Request DeLuxe Bakery has been operated in Iowa City as a home-based business and is now expanding and opening a storefront on Summit Street. Jamie Powers, owner, is requesting $15,000 in CDBG assistance to make capital improvements. DeLuxe Bake~ has already secured private lundin9 for site acquisition and operational expenses. If you have any questions please contact me at 356-5248 or via e-mail at Steven- Nasbv(~iowa-city.org. 2003 Activity Report Iowa City Area Development Group Instrument of Change "The great thing In this world is not so much where we are, but in what direction we are moving." Oliver Wendell Holmes, Jr. o~.o~, approach todevelopmsnt In addition, the Iowa CityArea · created a number of new opportunities Development Group enriched our and new instruments of change for the development toolbox with imaginative Iowa City Area Development Group· instruments of change: Our year-long This year, emphasis on workforce study of market branding resulted in organization begins its 20th year, we initiatives created important new tools new communication tools, including can and should reflect on the past, but and new occasions for the Iowa City an expanded, bimonthly Business we must not rest on our laurels. The Area Development Group to padner Solutions newsletter, and a new image national mood is encouraging, reflecting with Priority One of the Cedar Rapids for our not-for-profit organization. And, the end of major combat operations Area Chamber of Commerce and state for the fimt time in a number of years, in Iraq and an improving economic agencies to aid economic development the Iowa City Area Development Group outlook. Throughout this past year, our for our area· Web site is under renovation, providing area has experienced continued, steady a new, updated approach to collect growth, making our future bright. Together, our development and promote available commercial and organizations provide job industrial buildings and sites. There's a strong spirit of cooperation seekers and community leaders a in the Iowa City area, in our region comprehensive, regional approach The strength of Iowa is right here. Our and in the state of Iowa. If we are to to work and life in Eastern Iowa. success is enhanced by our diversity continue our successful development Our combined effods produced and our partnerships: diversity in our work, we must preserve and strengthen a number of new instruments industries, diversity of opportunities partnerships the Iowa City Area that enhance programs and and our diverse and highly-skilled Development Group developed analysis including: labor'force. throughout the past two decades· And, we must continue to pursue and I'm pleased to continue as chair of the to enhance creative and productive 2002 Fall and 2003 Spring Iowa City Area Development Group new relationships and investors. Corridor Career Fairs Board of Directors for another year· Our Wage and Benefit Survey accomplishments and tools will continue Last year, cooperative relationships coveting the Technology Corridor to grow and sene as an inspiration and involving leaders from businesses, guide for area development. Our work communities and civic organizations A Laborshed Study of workers is possible thanks to many efforts. I led to a strengthened identity as the in the Iowa City area and appreciate the cooperation extended Cedar Rapids/Iowa City Technology Technology Corridor to our Board of Directors and Advisory Corridor"", and a new realization that A CD-Rom Employment Directory of Council, our staff and investors, and the communities therein share one true Technology Corridor employers our partnerships with local and state economy· As businesses in our region A Gen-X Sfudy of Technology leaders who support our regional succeed, they share achievements Corridor workers development efforts. with suppliers, vendors, customers and clients. This synergistic success brings new opportunities that add to the rich Charles Ni Funk, 2003-2004 Chair, quality of life here in the Iowa City area. Board of Directors Iowa City Area Development Group,inc. Instruments of Change A merican businesses need skilled ahd talented workers to produce goods and services ma~ked by innovation, knowledge and quality--characteriStics that give our firms a ' :: competitive edge in the global marketplaCe. A strategic, coherent approach to business and workforce development planning is vital : to every operation. Together with our partner organizations, the Iowa City Area Development Group, Inc. has created a number of ':' ~ instruments to aid businesses with their retention, expansion and recruitment efforts: Business leaders find new Laborshed Studies that identify worker availability and define wage and benefit data beneficial. The studies by Iowa Workforce Development, Priority One and the Iowa City Area Development Group surveyed workers in the Cedar Rapids~Iowa City Technology CorridorTM and the Iowa City Area to determine educational attainment, occupational skills, wage and benefit requirements, job search techniques and commuting patterns. The studies analyzed labor in major occupational cluster categories including: healthcare services; advanced manufacturing; education and financial services; biotechnology and personal products (food and hygiene). These Laborshed Studies reconfirm the Technology CorridorTM is one true regional economy. Jobseekers are enthusiastic about the new Area Employment Directory CD-Rom. The disk identifies businesses located in the Cedar Rapids/ Iowa City Technology CorridorTM and provides contact names and e-mail addresses to make any electronic job search easy and convenient. The hot, new tool, developed by the Iowa City Area Development Group and Priority One, replaces hardcopy books, making the information portable and easy to mail. The software tool; LocationOne, provides up-to-date building and site information and community data quickly and easily on the Internet. The database allows users to share data, and the ability to customize a search by a number of variables including building size, acres needed or specific location. The software, made available through MidAmerican Energy Local Partners Program, is consistent with National Data Standards developed by the International Economic Development Council. LocationOne also includes recent aerial photos of Iowa City area sites. The Spring and Fall Corridor Career Fairs provide businesses an opportunity to promote their operation and to recruit new employees. Nearly 1,500 jobseekers visited the spring and fall fairs to learn more about area companies and to drop Off applications. The fairs also connect new college graduates with Iowa ~areer opportunitiesl Fabulous development and media partners make events like this possible: Cedar Rapids and Iowa City Area Chambers of ~ommerce, Gazette Communications, Iowa Workforce Development, Kirk'wood Community College, Priority One and the Iowa City Area Development Group. Learning what Gen-Xers think about the Cedar Rapids/Iowa City Technology CorridorTM is important. These workers will build our workforce and make our area:an attractive location for new and expanding businesses. Young people today aren't looking to get away from it all. They want to experience and savor life. Gen*Xers crave stimulation-- not escape, packing their day full of high-quality, multidimensional experiences. They're drawn to places and communities with an abundance of outdoor activities and a variety of active sports. They love diversity and local, street-level culture a blend of cafes, sidewalk musicians and small galleries and bistros. The Gen-X Survey handprint ranks what is "cool" "This (CR/IC area) about the corridor. is Iowa's best (,ore: on a scale of 1 to 10 the average score among communities is 4): bet right now Vitality--commitment to the environment and health--5 Earning--depth and breadth of employment options--6 for attracting Learning--define education opportunities---6 young talent." Social Capital--commitmentto diversity--5 Cost of Lifesty!c key to affordability--5 Rebecca Ryan, After Hours--more to life than work--6 Around Town--accessibility and community connectedness--5 Next Generation Consulting Today's business environment is global and competitive. The driving rome for the new economy is ideas, knowledge, services and higher-order skills. Workers want to be financially rewarded for their efforts and they want balance in their lives. The 2003 Technology Corridor Wage and Benefit Survey takes a broad look at employment and benefits throughout the corridor region. The confidential survey, conducted by Manpower, Inc. of Cedar Rapids, PriorityOne and the iowa City Area Development Group, reviews job descriptiohs, wage scales and worker benefits in manufacturing and non-manufacturing industries. Projected for a fall completiod, the Skills 2006 is an assessment of employment, required skills, t[aining and education and projected needs of employers throughout a s~en-county area through the year 2006. The survey.is .conducted by. Kirkw~)od Community CQIJP..ge.~a~.J~s.T.e~'u3ology Corridor partners the Iowa C ~,y Area Development Group and Priority One, The instrument also includes ~n assessment of high school and coIlege internships. The industry sec ~rs studied include: advanced manufacturing and electronics; bio and agri! Jlture; education services; financial and insurance serv res; food and lealth/beauty products; government services; healthcare; plastic and pack! ling; printing; and building trades. Diversity strengthens the bottom line and it's a determining factor in the global marketplace. A partnership between employers, the community and professional organizations, the Professional Technical Dlversi~y Network seeks to attract, develop and retain diverse professional and technical specialists. Power Networking events provide local opportunities for members to build relationships that promote professional growth and to share ideas and strategies. Accurate, up-to-date information rules the business world. Communities also search for innovative ways to measure achievement and record accomplishments. A confidential, new software tool, Synchronist, made available by MidAmerican Energy, helps organize, analyze and report information about existing industry and lays out a step-by-step procedure to identifij' and focus on the core issues of a community--business retention and expansion. The instrument provides real benchmarks, helping communities and business gauge success. A strategically organized series of national headquarter visits help the Iowa City Area Development Group and Priority One build Corporate Relations and understand the needs and goals of businesses located in the Cedar Rapids/Iowa City Technology CorridorTM. This past year, our development representatives visited Atlanta, Austin, California, Chicago, Cincinnati, Da~las, Detroit, Denver, Milwaukee, Minneapolis, New York, Omaha, PacitTc Northwest, St. Louis, Toledo and Washington, D.C. A guided discussion by a diverse taskforce of community and business leaders led to the development of a strategic marketing plan and new branding materials for the Iowa City Area Development Group. The branding initiative introduced a new logo--the first update of Iowa City Area Development Group marketing materials in 20 years. The Web site is currently under construction. The Iowa City Area Development Group recognizes the benefits of a comprehensive Legislative relations program. Positive, effective and efficient communication can affect governmental decision-making at the federal, state and local levels. The Iowa City Area Development Group works closely with the Iowa City Area Chamber of Commerce and professional organizations to develop a proactive stance and approach on legislative issues affecting businesses: Iowa CityArea'Ch~mber Washington, D:C., Federal Issues trip Professional Developers of Iowa Legislative Agenda The Iowa City Area Development Group is fortunate to have long-term, inspirational leadership from individuals who serve on the Board of Directors and Advisory Council and creative partnerships with the business community and local, state and federal officials. We are privileged to have two first-rate higher education institutions serve our area--The University of Iowa and Kirkwood Community College. They empower with knowledge and ideas; and provide important tools, training and cutting-edge research, creating transformational outcomes to provide businesses extraordinary futures. Stimulating growth, advancing possibilities Area Development Group turns 20 for the iowa City Area Commerce and City of Iowa City Iowa City Area Development Group Development Group, elected officials and staff. And, our continues to be a strong community Inc.--20 years of innovative future will most certainly maintain advocate, making the Iowa City area service to the business community, these remarkable ties while creating and the state of Iowa the best link to In the future, as we face new new and innovative partnerships to location, ~abor and a whole lot more. challenges and prepare for new advance possibilities for business oppodunities, we can look back at and industry in the greater Iowa City The progress of those early founders the accomplishments and celebrate area. continues to unfold. In the coming year, the visionary work of business and we will look back at the evolution of community leaders who founded The initial board has grown from our organization, and we'll celebrate the organization, nine directors--five from the Iowa two decades of successes throughout City Area Chamber of Commeme, this marvelous period of development A group of knowledgeable and two from the City of Iowa City and history in the Iowa City area. dedicated volunteers working in two from the University of Iowa--to small committees and informal 27 investors: 19 representing groups established a proactive the private sector and eight Early Founders and approach to development in representing the public sector. the midst of Iowa's lagging And, the number of investors has Charter Board members*: farm economy. The nonprofit grown from three to more than 150. organization, initially formed as Throughout the past two decades, E. Norm Bailey, North Bay First Capitol Development, Inc., the Iowa City Area Development Computerware, chamber representative formally adopted bylaws on Group has served hundreds of Neal Berlin, former Iowa City City May 10, 1984. projects, helping create thousands Manager, city representative of jobs and millions of dollars in tax Willis "Bill" Bywater, Bankers Its purpose was simple: Advance revenues. Advertising FrruArt Color Graphics, the great potential for research chamber representative capabilities of the University of Iowa In recent years, inventive Dr. Dorsey Ellis, and promote the marvelous quality partnerships between the iowa City former UI administrator, of life in the Iowa City area. The Area Development Group, Priority UI representative organization sought to publicize the One, Cedar Rapids and Iowa City Martin "Marty" Kelly, formerly area by targeting new and existing Area Chambers of Commerce, of Thomas & Belts, businesses and help them locate, MidAmerican Energy, Alliant chamber representative grow and expand. Energy, Kirkwood Community John McDonald, former Iowa City College, the University of Iowa Mayor, city representative The name that recognized historic and area communities reconfirm a Lyle Miller, developer, Iowa City was short-lived. In 1985, longstanding regional approach to chamber representative the name changed to the Iowa City development in the Cedar Rapids/ Jim Shive, Area Development Group, Inc. iowa City Technology CorridorTM. Shive-Hattery, chamber representative to reflect and highlight the area D.C. "Sprie" Spriesterbach, former served. The word"group" was Today, the Iowa City Area UI vice president of research, also added to recognize and value Development Group, Inc. continues Ul representative the strength of relationships and to connect business and industry associations with clients, investors with federal, state and local *John Hughes, Hills Bank & Trust, and member communities, resources to enhance and stimulate was instrumental in the early area economic growth through development of the Iowa City Area Our history is explicitly and directly business retention, expansion and Development Group, but died before linked to the University of Iowa, attraction efforts. From industrial the organization was formed. Iowa City Area Development Group Advisory Council Roue Rennekamp* Peter Vanderhoef Mark Correll ACT, Inc. Iowa Book LLC Rockwell Collins Reggie Morrow Tracy Overton Tom Werderitsch AdPro Design, Inc. and Lou Ann Lathrop Seizer Werderitsch Associates Iowa Realty Commercial Bill Bywater* Chuck Goldberg Bankers Advertising/ Dadn Knapp Sheraton Iowa City Hotel Tm-Art Color Graphics Knutson Construction Dr. Charles Skaugstad Dwight Norris Eliot Keller Skaug Development R. M. Boggs Company KZIA Z102.9 Dave and Steve Streb Tim Brandt Lee Brintle Streb Construction Brandt Heating & Air Leepfrog Technologies Donna Katen-Bahensky Tom Meyer Verne Nelson UI Hospitals & Clinics Builders Component Inc. RSM McGladrey, Inc Bill BUrger Paul Treangen Robert Downer* US Bank Crandic Rail[oad Meardon, Sueppel & Downer David Unzeit!g Kevin O'Brien Monty Johnson Unzeitig Construction Company Creative Management Mechanical Contractors Carlton JohnsOn Doug Parsons Mary Westbrook A.W. Welt Ambrisco Frohwein Office Plus and Jeff Scheetz Pearson Steve West* we~t M~ic Kevin Monson Neumann Uonson PC Architects Dave Mohr New Ventures Doug Johnson Plastic Products John Balmer Plumbers Supply Gary Watts Prime Ventures PRSRTSTD I U.S. Pos~ge Paid ' Iowa Ci~,lowa Permit No. 268 325 East Washington Street Iowa City, Iowa 52240 319.354.3939 ~adevelopment. com ~Tuly 25, 2003 Mr. Steve Ixlasby Community & Economic Development Coordinator City of Iowa City 410 E Washington Street Iowa City IA 52240 Dear Steve: When I spoke to the Iowa City Economic Development Council Committee, they were interested in results of a survey administered to students who have participated in services through The Workplace Learning Connection. We recently collected data for the '02-'03 school year and I have enclosed these data so you and the committee may review our progress. We're proud to have evidence that our work positively impacts workforce development Jn the area. Thank you for giving me the opportunity to share information about The Workplace Learning Connection. We look forward to a continuing relationship with the City of Iowa City. Sl?erely, Program Coordinator cc: $. Atkins I(. Fronklin E. Lehman D. Vanderhoef EncL TWLC Local Student Feedback 80% 70% 60% 50% WoHd of 40% ~,~ ~ ~ion of ~IE~ 30% .~m~ni~ ~r 20% 10% 0% 2002 2003 APPLICATION FOR BUSINESS FINANCIAL ASSISTANCE CITY OF IOWA CITY Economic Development Division 2003 Application for Business Financial Assistance Projects INSTRUCTIONS · An 'Application for Business Financial Assistance Projects" should be completed when requesting financial assistance to directly assist a private business. An "Application for Economic Development Support Projects" should be completed for projects and programs that support economic development activities such as micro-business enterprise training programs, area business development programs, or specific area fac,,ade renovation programs. · Prior to completing an application, an applicant is strongly encouraged to contact the City's Economic Development Coordinator to discuss the project for which they are requesting funding. (See contact information at bottom of this page). · If this application is reproduced, it must remain in the odginal format and order in its entirety, or the application may be returned for correction. An electronic copy of the application is available in Microsoft Word or on the City's Web site (www.icgov.org). · Fill out the application completely. If any questions are left unanswered or required attachments are not submitted, an explanation for the omission must be included. · Only typed applications will be accepted and reviewed. · Application Deadlines: The City Council Economic Development Committee meets the third Thursday of the month. Completed applications for Business Financial Assistance projects should be submitted to the Economic Development Coordinator two weeks prior to the meeting at which the applicant wishes to have the Committee review the application. However, under special circumstances the Economic Development Committee will call special meetings to review Business Financial Assistance Applications. · Submit completed applications, with attachments to: Steven Nasby Community and Economic Development Coordinator City of Iowa City 410 E. Washington Street Iowa City, IA 52240 Phone: (319) 356-5236 Fax: (3'19) 356-5009 City of Iowa City Application for Business Financial Assistance Name of Authorized Person to Obligate the Business: BusinessAddross: '~:~ .~. ~(J. Wll/U.*,*~L Busine~ Conta~ Pemon: ~',~ ~~ Business F~eral I~: D.e ~ Ap~i.tion Subtotal: t/ J~/~ Release of Information and Certification NOTE: Please road carofully beforo signing I hereby give permission to the City of Iowa City (the City) to research the company's history, make credit checks, contact the company's financial institution, and perform other rolated activities necessary for roasonable evaluation of this proposal. I understand that all information submitted to the City rolating to this application is subject to the Open Records Law (lg94 Iowa Code, Chapter 22) and that confidentiality may not be guaranteed. I heroby certify that all repre- sentations, warranties or statements made or furnished to the City in connection with this application aro true and correct in all material rospects. I understand that it is a criminal violation under Iowa law to engage in deception and knowingly make, or cause to be made, diroctly or indiroctly, a false statement in writing for the purpose of procuring economic development assistance from a state agency or political subdivision. SIGNAT~F COMmOnlY OFFICER AUTHORIZED TO OBLIOATE BUSINESS: NOTE: The City will not provide assistance in situations whero it is determined that any repre- sentation, warranty or statement made in connection with this application is incorrect, false, misleading or erroneous in any material rospect. If assistance has alroady been provided by the city prior to discovery of the incorrect, false or misleading roprosentation, the city may initiate legal action to recover city funds. Section 1: Description of Bu~ine~ and Propo~ed pro~ect Describe in detail the proposed "project" (for example, company relocation, plant expansion, remodeling, new product line, size of building expansion, number of new jobs, amount of inve~;.,.ent in machinery and equipment etc.): The prop(mad project will be opening a neighborhood bakery on 012 S. Summit St. The building was purcheasd by Jamle Powers of which a real sstata loan of $127,600 was made by ISBT. Another buslne~ loan of $36,000 was given to Jamle by the SBA and set up through 18BT. The business loan of $36,000 will go towards the start up coats of equipment, Interior construction, light fixtures, renovating a bathroom, plumbing and wiring. Jamta Powere is asking for a forgivable loan or grant of $15, 000. This would help to Implement a new pelnt Job on the exterior, up to date landscaping, a ground level, open, atone patio for customers to alt on, two hard surface parking spaces on the exterior of the building, and a handl-cap access ramp into the building. 1.1. Provide a description and history of business: DeLuxe cakes and peatrlea will be a new addition to the Iowa City community. It will be a pastry shop located in the heart of Iowa City's historical Longfellow district. The address Is 812 S. Summit SL The shop will be open Tuesday through Saturday, 7am - 5:30pm. An assortment of fresh pastries, coffee, wedding cakes, birthday cakes, tarts, cookiss and breakfast pastries will be offered daily. I will also offer dally newapapare, a book exchange and a neighborhood bulletin board. DeLuxe was sstabltahed aa s home based business in October 2002. It only took a few months to realize the out growing my home, with that In mind, I Immediately started looking for the perfect location for a quaint pastry shop. I wanted the location to be a unique place that would serve the community and make Iowa City a better place to live. I found 812 S. Summit through word of mouth and decided It was the perfect home for DeLuxe. DeLuxe will satisfy every sweet tooth and will be a gathering place for the neighborhood and surrounding 1.2. Describe the organizational structure of the business, including any parent companies, subsidiaries, sister companies, etc. I am the sole proprietor, lOO*~wner 1.3. List the names of the business owners and the percent of ownership held by each. Jamle Powers, 100% owner 1.4. Ust the business' five-dig~ and six-dig~ North Amedcan Industry Classification System (NAICS) codes or the pHmary and secondary Standard Industrial codes (SIC codes)). 31182 1.5. Will the project involve a transfer of operations or jobs from any other Iowa City or Johnson County facility or replace operations or jobs currently being provided by another Iowa City or Johnson County company? If yes, please indicate the facility(s) and/or company(s) affected. no 1.6. What date will the project begin? August 8th, 2003 Be completed? Mid October.. 1.7. Has any pert of the project been started? If yes, please describe. I have acquired and am working on the Interior of the building, however, the exterior I am waiting on. ,,Section 2: Financial Contributions to the Proposed Pro, eot 2.1. What type and amount of financial assistance are you requesting from the City (for example, grant, forgivable loan, loan, property tax exemption, tax increment financing rebate, etc.)? I am asking for a $15,000 grant or forgivable loan, but can negotiate. 2.1a. If Community Development Block Grant Funds are being requested, please describe how the proposed project addresses the priorities, strategies, and goals cited in CITY STEPS 2001-2006. Micro business is a high priority 2.2. Explain why assistance is needed from the City, and why it cannot be obtained elsewhere. (Specific supporting documentation evidenced by cash flow statements, income statements, etc., is requested.) If the City did not provide financial assistance, could the project proceed? As shown below, I have used all private funding that I can. Assistance from the city Is requested in order to further the project 2.3. In what form is the business contribution to the project? Please explain clearly (for example, sale of stock, equity investments, subordinated debt, etc.). The business is contributing $40,000 to the renovation and stock of the Interior of the ,bakery.~A~lso ....... as the owner, I have bought the building for $150,000 of which DeLuxe and a renter will pay for the monthly payments. 2.4. Identify all agencies or institutions involved in the project (financial and otherwise) and what their involvement is: Iowa Stats Bank and Trust real estate loan of $127,500 lows State Bank and Trust bualnees loan of $40,000 Second mortgage $22,500 2.5. What type and amount of secudty will the assisted business provide the City? If no security is offered, an explanation must be provided. Note: as a general rule, for those businesses not publicly traded, personal guarantees are required in addition to other pledged business assets. Mortgage $ What seniority or position? _.. Lien on $ What seniority or position? Personal guarantee $ Other $ None (if none, please explain) 2.6. Summary of Project Costs and Proposed Financing Sources ~OURCE8 (Summarize NI 8ources From Question USE OF FUNDS 2.7) Activity Colt A B C D Land acquisition $ Site preparation $ Building acquisition $150,000 127,500 22,500 Building construction $25,000 25,000 Building remodeling $ I~,000 Machinery & equipment $14,000 4,000 I Furniture & fixtures $1,000 1,000 Permanent w~rking capital $ (detail:) Ofi3er Other $ TOTAL: $205~000 $4,000 $163,500 $22,500 $~15000 2.7. Terms of Proposed Financing Code Source (include all sourcee in Question 2.6) Amount Type{t) Rate Term Source A: owner contribution $4,000 equity Source B: lSaT $127,500/40 Direct Loan ~1~, ~ ~/~ 30yr/7yr Source C: 2n~ Mortgage $22,500 Direct Loan 3 °/o ~ ~/~ Source D: CDBG Assist. $1[O00 Forgivable na na I Total: ,~5 ~000 (!)For example:-forgivable loan; direct loan ;grant;equity;tax abatement; etc: ' 2.8. Generally a decision by the City on this application can be expected within 30 days of receipt of the application. If there is an urgent need for a more immediate decision on this application, please indicate the desired timeframe and the reason for the urgency. I would need the grant or forgivable loan In September. ,,S,ection 3: Quallt~ of Jobs to Be Created 3.1. How many employees are currently employed by the company worldwide (total employment including all locations, subsidiaries, divisions, affiliates, etc.)? One, FTE 3.2. If an existing Iowa City business, how many total individuals have been employed by the company at the iowa City facility during the past year? One 3.3. If awarded funds, how many new full-time employees will you add to the payroll at the Iowa City facility within 12 and 24 months of the award date? The business acknowledges flit falls to create the Jobs pledged below by the end of the project period and maintain them for a period of time (usually 36 months from the date of the awar~, it may be required to reimburse City funds for the employment shortfall, ff the loan~grant was based on Job creation. Full-Time: Part-Time: 12 months 1 12 months 2 Cumulative Cumulative Full-Time: Part-Time: 24 months 1 24 months Cumulative Cumulative Note: Jobs created or retained using Community Development Block Grant Funds must be "held by" or "available to" Iow- or moderate-income individuals. 3.4. What is the estimated annual payroll for~enew~empl~yees~resulting~from..this project?~ $9.00 starting wages, subject to raise 3.5. What is the starting average hourly wage rate (not including fringe benefits) projected to be: For the new employees? ~$9.00. For existing employees? For existing and new employees? 3.6. In the following table, list positions and hourly rates for each job classification to be created and retained. List of Positions and Hourly Rate for Created and Retained Posltiona (use additional sheets if needed) No. Hours Hourly Create Retain Position Title Per Week Rate of Pay 1 Pastry Cook 20 9.0 I Pastry Cook 20 9.0 Note: Every applicant should provide average hourly wages for all new and existing jobs which meet or exceed the average county wage rate by industry. Ninety percent of the project positions should have a wage greater than the federal poverty wage rate for Iowa City (30% of median income for a four person household in Iowa City). Under special circumstances, consideration will be given to those companies who cannot meet this 5.3. Will you be treating, transporting, storing, and disposing above ground, on or about your business premises, in tanks or otherwise, for any length of time or for any purpose: petroleum products, agricultural or other chemicals, waste oil or other liquid waste, or any other inflammable, corrosive, reactive, or explosive liquid or gas? If yes, please specify. No 5.4, Will the Iowa City operation develop renewable energy resources or products that conserve energy? If so, please describe. Yes, coolers and ovens are up to date, energy efficient equipment and the use of natural light is being added as a feature to the building Section 6: Community Involvement; Compliance with Law; Repayment Agreement 6.1. Please describe your business' histo~/of contributing to the community through volunteer work, financial contributions, or other means. If a new start-up business, please describe commitment to becoming involved in the community. Th? bakery will donate food and finances to local charitable organizations upon a steady start-up. The bakery will alao-provld~ s neighborhood bulletin board for the use of Lon~follow and other surrounding areas. There Will also be a possibility of donating day 'old bakery items to Tabl~ to TaMe for dtatrthution. 6.2. Has the 'business been cited or convicted for violations of any federal or state laws or regulations within the last five years (including environmental regulations, Occupational Safety And Health laws, Fair Labor Standards, the National Labor Relations ACt, the Americans W~h Disabilities Act)? If yes, please explain the circumstances of the violation(s). No 8.3. Financial assistance from the city of Iowa City requires a repayment clause in the loan agreement with the City. The repayment clause requires a prorated repayment of the financial assistance if the company does not meet its job attainment obligation and other obligations of this agreement. Is the company willing to enter into a loan agreement that contains a repayment clause? yes Section 7: Required Attachments Check off each attachment submitted. If not submitted, explain why. ~] Business plan (if new business) [~ Profit and loss statements (3 year historical and 2 year projections) [ L]/'/ Balance sheets (3 year historical and 2 year projections) [ C~Lettem of commitment of project funds (from banks, applicant, etc.) [ ~-]x/Description of fdnge benefits provided to employees [ ] Copies of the company's quarterly Iowa "Employer's Contribution and Payroll Report" for the past year and a copy of the most recent monthly payroll register .£ 1J Map indicating the location of the project within the community [~¢ost estimatss for construction, machina~/equipment, parmansnt working capital, and purchases. Certificate of Good Standing from the Iowa Secretary of State or an authorization to conduct business in Iowa. Certificate of Incumbency listing the current board of directors and current officers if a corporation or a listing of the general partners if a partnership Corporate resolution authorizing th/e application for City funds / [1~ Corporate signatory authorization naming an officer to execute the City application and City loan documents, if approved Other Explanation/other comments: Upon review of a submitted application, the Ciiy reserves the right to request additional information in order to assist the City with its evaluation of an application. All DeLuxe cakes and pastries are made from scratch using the \ finest of ingredients. All cakes are iced with a swiss buttercream x\ or ganache. Prices include design and inscription of your choice. Variations of cakes are priced the same, see serving chart below. ~ 2 ~, O0 S30 O0 $35 O0 Chocolate Mocha Raspberry Torte Chocolate Caramel Torte Apricot Almond Torte Raspberry Poppyseed Torte Carrot Cake Oatmeal Cake Apple-Almond Tart s2500 Fresh Fruit Tart / _ / Carrot Cake Russian Tea Cake White and Dark Chocolate Profiterole Chocolate Espresso Cake · Order 48 hours in advance. / $2500 White Chocolate Pumpkin Cheesecake · Cash or checks accepted. / Raspberry Cheesecake / · Call to make an appointment for your / wedding cake consultation. / · · o · Longing for something not on the menu?,/ Consult our pastry chef for variations/ and custom requests. / Seasonal Iced Shortbread Cookie $ , ......... ,_L ............ ,..~ / Chocolate Chip Cookie smol~ $ 401large $ 90 IOWA STATE BANK I& TRUST COMPANY P.O. Box 1700, low8 City. IA '322,t4, 319-356-5800 · 1-800-247-4418 · www.isbtcom August 7, 2003 City of Iowa City Dear Sir or Madam: The purpose of this letter is to confirm that Jamie Powers has been approved for financing from Iowa State Bank & Trust Company for the purchase of real estate and for start-up costs associated with her new business venture known as Deluxe Cakes & Pastries. We have approved a real estate note in the amount of $127,500 and a business loan in the amount of $36,000. The scheduled closing for these loans is Friday, August 8th. If you have any questions regarding this financing commitment, please feel free to contact me at 356- 5810. Sincerely, Troy R. Thompson Second Vice President Iowa City Locations: 102 S. Clinton St, · 325 S. Clinton St. [Drive-up only) · Keokuk St. & Hwy 6 Bypass · 2233 Rochester Ave, Coralville Location: 110 First Ave · North Liberty Location: 465 Hwy. 965 South, Suite A Member FDIC ~ Equal Housing Lender Statement of Purpose Jamie Powers is asking to borrow $40,000 from your banking institution for the purpose of opening a European bakery at 812 S. Summit St. The Money will be spent as follows: 1. 15,000 for building improvements (McDonough Structures Inc.) 2. 5,000 for plumbing (Jim Mueller Plumbing) 3. 5,000 for wiring (Nate Moore Wiring) 4. 14,000 for equipment (ovens, work tables, display cases, cash register, three compartment sink, pets/pans) 5. 1,000 for operatIng cost Sources Business Loan = $40,000 Real Estate Loan = $150,000 2"d Mortgage on house for down payment = $22,500 A total of= $190,00 lhck~Found Jamie Powers is an Iowa City native. She received her Liberal Arts degree at the University of Iowa along with graduating from the Walt Disney World School of Business. She worked at a prominent public relations fwm in Chicago before following her true passion of becomin$ a pastry chef. Jamie started her career as a baker at Wolfgang Puck Grand Caf6 in Denver, at which point she learned the value of esthetic presentation and high volume speed necessary to a commercial business. She then took her career to Denver's four star hotel, The Brown Palace Hotel. Samie learned the necessities of working in a hotel, everything from unconditional hospitality to putting the final touches on a high- tea petit-four. She trained and managed interns and new employees. After working at The Brown Palace Hotel for 2 years she chose to work at a successful, family owned European bakery named Gateaux. At Gateaux Jamie's role was not only to be a pastry chef, but also to manage and run the shop when the owners were not available. Gateaux was a perfect model for Jamie to learn the fundamentals of running a successful small business. Jamie's husband got a job in the Iowa City area and at which point Jamie saw Iowa City as a perfect opportunity to start her business as a pastry chef. She started creating wedding cakes, p~tit fours, specialty cakes and other pastries out of her home. She began in November 2002 and now provides exquisite pastries and cakes around Iowa City. Her business is growing such that she is at the point where she needs to expand to a retail space. Des~ripfloa of Business The name of the bakery will be DeLuxe Cakes and Pastries. DeLuxe is currently pursuing 812 S. Summit St. for its destination. DeLuxe will satisfy every customers need with European specialty cakes and pastries made from scratch, not offered by anyone in the near market. A charming storefront in a neighborhood setting will be the perfect home to DeLuxe. DeLuxe will be open from 7am to 5:30pm, Monday through Saturday. Coffee and breakfast pastries will be offered in the mornings. There will also be a fresh assortment of cakes, cookies, petit-fours and tarts offered daily for take-out. Customers will also be able to special order any item from the bakery and have it personalized and ready for pick up. Exquisite wedding cakes will be offered as well as a consultation and tasting of various flavors. DeLuxe will have four caf6 tables/chairs for those who want to eat their pastry and coffee in the shop, there will also be indoor, padded bench seating along the two large storefront windows. The kitchen will be a visible kitchen so customers can watch all the magic of pastry creation happen. The exterior will consist of two awnings, a unique, classy sign lit by the ori~nal lights used for light when it was formerly a grocery store. In the summers it will be over-flowing with window boxed flowers and in the holiday months decorated with white lights. This type of business is necessary in Iowa City, as there is none like it currently in existence. Although a variety of bakeries (Bread Garden, The CoO. age, New Pioneer Coop and Hy-Vee) offer baked goods, none offer the same variety or quality we plan to carD,. The business will succeed due to its charming location, quality pastries and commitment to the highest in customer service. DeLuxe will be a "made from scratch" stomping ground for the whole community to indulge their sweet tooth. The Market and Special Promoflona Upon starting business in November 2002, DeLuxe cakes and pastries was in high demand from local business such as Hands Jewelry, RSVP, Benson and Hepker, and The Mansion. DeLuxe soon expanded its clientele to thc University of Iowa. Deluxe over exceeded itself in the month of l)ecember with holiday cookies and tarts. DeLuxe continues to over-exceed its expectations in wedding cakes. By word of mouth only, DeLuxe is booked and in successful competition with leading bakeries in the area in regards to wedding cakes in the fall alone. DeLuxe has made it to the top of the list in wadding cake referrals from the IMU, local florists, local caterers, RSVP, and when The Bread Garden is over-booked they refer all cakes to DeLuxe. Clients range from a small dinner party dessert to a large event at Hancher. Most of thc market will be women ages :27-60; specifically professional women who are too busy to bake in the home, lowa City business owners (RSVP, Benson&Hepker, The Mansion, Atlas, Hands Jewelry. Design Ranch, and University oflowa Departments), brides, special catered events such as dessert parties and holiday purchases. The morning traffic will include both men and women stopping for a coffee and a fresh pastry before work which will in turn bring business for office parties and pick-ups for evening patties. The shop will be catered to anyone coming in and buying a .50cent cookie to a $600 wedding cake. It will also be a charming getaway in lowa City's historic Longfellow neighborhood. :Grand Opening: A grand opening will take place 6-8 weeks al~er opening of the shop. This will be advertised via direct mail, word of mouth and special invitation. Food, refreshments and live music will be offered. l~oliday Open House: DeLuxe will have a dessert open house where hot cocoa and carols will be provided along with seasonal pastries. Customers will pay a $5-10 fee to sample a menu of desserts, if they pre-order for the holidays there fee will be refunded. Coffee and Dessert Evening: Once DeLuxe has established a stable client base, a weekly coffee and dessert evening could be offered. Brld~l show: In April, DeL~uxe W!II te~ upwith RSVP, Gater.~ed by Charlotte, Fountain.of Flowers, and Hands Jewelry for a bridal show. Wedding cakes alone are a 2 billion dollar industry in the United States with the average sales of $3 per slice. Seasonal events: Ongoing seasonal lxeats and events for Valentines Day, 4th of July, Halloween, Thanksgiving, and x-mas will be offered. Word of Mouth: DeLuxe will be a enchanting storefront which Iowa Citians will call "a little secret" tucked away in a neighborhood filled with goodies and charm. DeLuxe has already created its business and reputation via word of mouth and will continue to do so Referal Service~: DeLuxe has a strong relationship already with local wedding event planners, restaurants, shops and citizens. Sheet1 Revtanue Per Mo. Expenses Per Mo. AM Traffic $4,600 $1,150 25% PM Traffic $1,476 $221.40 20% Wedding Cakes $2,000 $200 25% PM Drinks ~375 ~37.50 10% $8,451 Competition DeLuxe's competitors are The Cottage, The Bread Garden, New Pioneer Co-Op and Hy-Vee. DeLuxe is already set aside fi~om all these places because everything is made from scratch daily. Another reason we are set apart is fresh European pasUies is our main focus, not lunch or coffee drinks. DeLuxe is also different from its competitors because we will be paying a lower mortgage, in turn, we can invest more in product quality, employment and customer service. Other bakeries around town have not kept up with the times and trends of the bakery industry, they are focussed too little on quality pastries and too much on a multitude of other products and unnecessary expenses. DeLuxe will also be a destination location set in the heart of lowa City's historical Longfellow neighborhood with free parking on the side of the building. Listed below are some examples of price differences Comparison Muffin Cinn, Roll 8" Cake Wedding Cottage 0.85 $1.50 $22 $2.50 per Bread Garden $1.29 $1.29 $30 $4.00 per DeLuxe $1.50 $1.50 $30 $3.00 per The wedding cake price for DeLuxe includes baked from scratch four laye~xl cakes and three- layered filling with a simple buttercream design. The Bread Garden price is much higher offering three layers of cake and two layers of filling and they have more labor cost and more overhead, The Cottage is lower, however, they only offer two layers of cake and one layer of filling with simple buttereream design. e 8 cake from DeLuxe holds the same value, ~t ts four laYers cake and threeTlayers fillm~ with an intricate current design. The Bread Garden offers three layers and two layers of filling. The Cottage cake is two layers cake one layer filling, made from a ready made mix and not as creative of a design. Though the cinnamon rolls are the same in price, the muff.ms show some difference. DeLuxe will mix three different kinds of muffins every morning using the f~shest of ingredients where as The Bread Garden and Cottage are using ready made mixes evory morning. Overall, DeLuxe is comparable with other bakeries prices leaning more on the higher end, as we'will use only the freshest and fmest of ingredients daily. We will keep up with the times and only be using on the edge European pastry skills. We will also offer custom orders for customers and will greet and guide our customers to the yummiest pasi~y choice on a daily basis. Penonnel and Manqement Jamie Powers and two part-time employee will cover the needs until December at which point seasonal help will be hired. DeLuxe will hire someone hard-working, energetic and reliable with some knowledge of pastry skills at which point Jamie will train the employee not only in pastry skills but in management skills if the need arises. The goal by March will be to have employee trained to manage the business in my absense. We will pay S8.25/hour to start with an increase in salary based offperformance off job duties. DeLuxe will hire more employees as the business grows. DeLuxe will also have a bookkeeper work on a monthly basis. The bookkeeper/accountant will also set up a computer program for Jamie to use on a daily basis to record and keep up with the daily numbers. The bookkeeper will come in on a monthly basis to help organize the revenue/expenses. Jamie will hold meetings with the bookkeeper on a monthly basis and talk about improvements, which need to be made. DeLuxe has mentors within the community who will provide support and resources: James Adrien of ^tlas Grill, Christian Perhaska of Taste on Melrose, Nikki and Ron Neemes of RSVP, Bill Nussar of Hands Jewelry, Kae Braverman of Lepic-Kroegar Real-Estate, and Chuck Skaugsted of The Mansion DeLuxe has received ongoing support from the city, as city staffbelieves DeLuxe will be a wonderful addition to the neighborhood. The city has been willing to relax their regulations to allow seating for customers wanting to enjoy a coffee and a pastry. Jamie Powers Work Experience & Training Gateaux Bakery, Denver, Colorado Assistant Pastry Chef Raspousbilities include: · Management and II~alnin~ of new staff · Special ordering · Wedding cake production · RunnlnS shop when owners were not available · Wedding cake dalivery Daily organization of food and d~ good~ inventory Brown Palace Hotel, Denver, Colorado Pasa'y Cook Raspoos~ilifies include: · Bakery production · Cake filling and decorating · Plated desserts · W~kl~ reslallrant dessert specials · Production of high tea pas~ias · Daily food inventory and ordering, as well as special ordering · Chocolat~ and sugar showpiece work · Menu development · Training of nov ~nploye~s Wolfgang Puck Grand Cafe, Denver, Colorado Pastry Cook Respous~ilitias included: · Dessert production · Plat~ design · High volume banquets Line Cook Hill & Knowlton l~bll¢ Relations, Chicago, 1L August 1998-May 1999 Assistant Account Executive Event Coordinator for Illinois Bureau of Tourism. E~lu~alio~i University of Iowa, Iowa City, Iowa Bachelor orals, Theatre Arts, August 1997 Oxford University, Oxford, England Theaffe Summer Study, ]998 Walt Diane}, World School of Business Orlando, Florida, Summer, 1995 CITY OF I0 WA CITY of.ousi.ga., l.sp ctio, S ices 410 W.shi. City. Iowa 52240 June 23, 2003 Jamie Powers 1029 Bowery Street iowa City, IA 52240 Re: 812 S. Summit Street Dear Jamie, This letter is in response to your request for a determination of whether or not a small retail bakery can be established at 812 S. Summit Street. The current zoning of this property is RS-5 - low density single family residential with an Historical District Overlay. The only currently permitted use in this zone is single family residential; however, a use that was legally established before a zoning change occurred that made it illegal is considered a "legal non-conforming use". A legal non-conforming use may continue as long as the use does not change or cease for more than one year. This property was established as a grocery store when zoning allowed a grocery store in that location. It continued as a grocery store until about 1972 when it became a weaving studio and crafts store. After that (approx. 1992), a retail art gallery was opened in that location and has continued to the present. All of these uses would be considered "retail" uses under our current zoning definition of retail establishment. It has been determined that a bakery would also be considered a retail establishment and as such could be established at this location as a continuation of a legal non-conforming use. It is recognized that some baked goods (such as wedding cakes) will be sold off site but that this in itself would not constitute a wholesale use. Other items such as (but not limited to) candy, coffee, ice cream and grocery items could also be sold under the blanket retail use determination. Because it is not a change of use, you would not be required to retrofit the building to meet all current building codes. However, any work you undertake to adapt the building to your particular retail use will be required to meet current codes and the proper permits must be applied for and issued. If you have particular questions about what work will require what permits, please contact us and we will be happy to help you through the process. If you have any further questions or need further clarification, please contact me at 356-5120. Code Enforcement Assistant Deluxe Iowa City, IA Forecasted Financial Statements Submitted by Jamie Powers Table of Contents Statement of Income Y~ar I ............................................................................................... 1-1 Year 2 2-1 Statement of Retained Earnings Year 1 ............................................................................................... 1-1 Year 2 ............................................................................................... 2-1 BalanCe Sheet A~sets Year 1 ............................................................................................... 1-2 Year 2 ............................................................................................... 2-2 Liabilities Year 1 1-3 Year 2 ............................................................................................... 2-3 S :ockholder's Equity Year 1 ............................................................................................... 1-3 Year 2 2-3 changes in Financial Position ~3ear 1 ............................................................................................... 1-4 ~ear 2 ............................................................................................... 2-4 Sche~lule of Operating Expenses '~ear 1 1-5 Y~ear 2 ............................................................................................... 2-5 Cost !of Goods Sold ~ear I ............................................................................................... 1-6 ~ear 2 ............................................................................................... 2-6 Depr ~eCiation Schedule B~ildings and Improvements Year 1 ............................................................................................... 1-7 Year 2 ............................................................................................... 2-7 Farniture, Fixtures and Equiptment Year 1 ............................................................................................... 1-7 Year 2 ............................................................................................... 2-7 Vehicles i Year 1 ............................................................................................... I-8 Year 2 ............................................................................................... 2-8 Loan Amortization Schedule Ybar 1, 2 & 3 ............................................................................................... 1-9 Trade~ Receivables Y~ar 1 ............................................................................................... 1-10 Y~ar 2 ............................................................................................... 2-10 Key ~easures (Ratios) Year 1 ............................................................................................... 1-11 ¥~ar2 ............................................................................................... 2-11 Z-Sc(~re and Substainable Growth Rate ·"Y~ear 1 ............................................................................................... 1-12 Year 2 ............................................................................................... 2-12 FISCAL YEAR I Delu×$ FORCASTED FINANCrAL STATEMENTS -- Year I 06~27/2003 Net Sales J 72361 10326 10326! 18726 8326i 9326 9826 108261 103861 8326 13326' 129222 10000% ~- ~4-2 : ! --7~ 6245 I 96917 75.80% GROSS PROFIT -'~i 77451 14045 69951 6965 ~ '-- 99~--~ ~ERATiNG INCOME {LOSS) 28~5 41~? I INCOME(LOSS) BEFORE 2582 39131 3882i 9705 4609 2385 27631 38~6J 3148 1644 5397 45311 'NOOM6T*XES i ' I I J INET i~,a~l~[~ , ' ~ 2117 3209 29i3 7Y~ 2548 3~9 195~ ~265 _ 2882 1348 4425 ' ~371~ ~5~ ! ~ I I I [FORECASTED STATEMENT OF RETAINED EARNINGS -Mthl I -Mth2 I --Mth3 I -Mth4 I YearOne ] -Mth0 I -Mthl0 [ I -Mth12 auPO~ Au~04 Se~03 OcE031 Nov~3 Dec~3 Jan-e4] Feb-G4 Mar-04 Apr-04 J May~4 Jun-04 , 451 13~ 3241 8711 9592 1,?~ 119~6 1~11 f4721 14404 17155 Po'*~ers WK4 Jamie P0'~ r s Page I-1 Inventor? 1000 1200 1207] 1200; 12001 120¢ 1200 1200 12001 ~200 1200! 120 1200 1200 210% Work in Process 0 O, 0 ! 0 0i i 0 0.C~% o 0 m LEASEHOLD IMPROVEME~S, EQUIPME~, [ m ~ND, BUILDINGS - at cost i ~ m J ) m Deluxe FORCASTED F~NANCIAL STATEMENTS -- Year 1 06f27f2C03 /~REC~STE~ B~LANCE SHEE~ cont. Plus Cur. Pon of LT Debt 01 4620! 4647 4674 4702' 47281 4757 4784 4812 4840 486sI ~8971 4926 ! 4926 862% Income T~es Payable 465 704 1344 2610! ~ 559L 1388 1818 497 1f30 1695 296i 1267 1267 2.22% ~ , P~o~.=~oR,s EOU=W ~ ~ i Equi~ : 0 0 0 0 ~ 0 0 0 01 0 0 0.~ ~ I , Deluxe FORCASTED FINANCIAL STATEMENTS -- Year 1 06/~7/2003 L~ORE~C~ST:E:D ~¥'~T~_-M~T O~ C--~ANGES IN~N~.~CI~L POSiTiON -~ -.-~.1~ -Mth2 -M~3~ -~t~ ~ Yea~e ~ -Mth9 ~M~I~T ~Mthf1 [ ~12 ~ 31-Aug[ 21~7 ~ 3779i ~956: 226~ 2~2 2576~ 1~ ~25 371~ ~ ~cmaso {d~rease) in A~, Payable 1809 .3: 0~ 21~j -23~ 500 -125 -~ 12~ , ~ 7.~ ~ (Pu~ase) ot BuiM~s, ~ I ~ m m ~us~*~~' ~ ~ oj ~ o ~ o o oI o o ~ o - i I ~ PO'~rs. WK4 Jamie Powers Page Delu×e FORCASTED FINANCIAL STATEMENTS -- Year 1 06,'27 f2C~3 Deluxe FORCAST~D FINANCIAL STATEMENTS * Year I 06~27/~003 [DEPRECIATI_O~ SCHED U_L_~ Buildings and Improvements I I ! I, Addit~ns Novembe¢ 30 20000 ~ Addi0ons December , 30 : 0 2~0~ Addit~ J~ua~ ~ 30~ 0 20~0~ Additio~ F~ma~ 30~ 0 20000 Additions May 30 0 200~ Additions June 30 O 2~ ~diUms ~r 7 [ 01 120ffi A~d~ons Janua~ ~ 0~ ,~ A~ns Apdl 0~ 120~ Addi~ns ~y ~ I ~ 12000 Powers,WK4 Jamie Powers Page Oeluxe FORCASTED FINANCIAL STATEMENTS -- Yeer 1 0~27/20~3 ~DEPR ECIATION SCHEDULE ..... Life ; ~ Cost Cost i Se}).O3 Ocl-03 Nov-03 Dec-03 J-Z- ~)4 Mar-04 A?r-04 Ma)'~4 : Jur'~04 JuF04 Addit~ns Sobtember 51 i 0 o o o: gl o o Ooi o ol Additions October 5 0 0 0 01 0 i 0 0 0 0 I Add~tionsApdl 5 i o~ o ~ , i ' Ol Totei depseciat~on experts e 19~ 19e 1~8 1S§1 19Bi 19~I 198 198 198 198 ~98 1~8 2381 Less eliminabons , , 0[ 0~ 0 0 , 0 AUORTIZATrON SCHEDULE : LO_,~N_#_I ~ AMORTIZATION SCHEDULE L_0AN #2 Tarm Z T~rm Z 11 604 233 396291 1 3i 604 ~ 3 4; 604! 227 4 7[ ~o~: 220 10! 604 213 12i 604 209 17i 604! 197 18 604 Decks I 28 ! 604 I Mar-06 31[ 604! NOV-061 39! 6041 142 462 39', 01 Dec-06 40i 604! 139 0 Deluxe PORCASTED FINANCIAL STATEMENTS -- Yeal I 06f27s2003 ['['_ _R A D E_ _R E C El VA_B [~_E_ S_ _A_NA L~_S_IS .... Mthl · Mth2 ; Mth3 Mth4 YearOne .-~th9 I Mthl0 I Mthl; MIhlZ ; 31-AUg I Nov-03 JamO4 ' Feb-04 i Mar-04 Apr-04 Ma~,-04 Ju.-04 JuH)4 Au~4 , I I ' ' I I I R~ce~pts from Previous Year i 0 0 0 0 0 I] 0 0 01 ' o oI '0 : -~,. o o Powers WK4 Jamie Powers Page 1-fO Deluxe FORCASTEE) FiNANCiAL STATEMENTS -. Year 1 06/27/2003 K_E_Y MEASU_~ES 1 Opem,ngProJJlM.FgJ. ~ 4014% 36.62%l 4768%. 35.72% ~66% --~%~.~3% ~46%~ 32.~9%m ~2.~s~j 42.06~ m 2925~ 3108~ ~;J;J/;J ~;'Y;[ 2732%J 3337%~ 2097%) 230~2%) 24.95%I 1619%( ~21%I 8~ Acid ~Uo r- -~ ~- 140) 1.49j ~.~m 2.~ ~3~ 261j 2.~J 2.s5 2.88 2.70 ~gE 2t~m 1321j 52~j 4.28r -~ 4~.93 ~.75 2.65j -- 253 2,09 2.2Sm 2.40 225 f .90 2.80 ~( Tumo~r ; 2.05 2.78 2.69 4.10 2,21 12.7~ No. Da~ Supply in Inv. 19.90 ~3,95 13,95 7.69 15.4a 15.44 14,65 13,~ 13,95 17.~ 1081 Revenu~ Per Day ~ ~ ~4 356 624 311 __.~rJ "/ 339 361 3~ 2~ Deluxe FORCASTEO FINANCIAL STATEMENTS -- Year 1 06/27/2003 [. B~K.R U~__~ ~/~ LAS Sii~_i C~A_TiO~i- M 0 D~:[_- ! SUBSTAINA_B~E G?OWT. R_~TE~ Ratio p(l - d)(1 + L) Names Description Formula Resurt Coefficient Z Score g = - .............................. ............................................................................................................................................................ t- p(1 - d)(1 + L) Working Capital ~7395 P = the firm's protit margin on sales X1 ............................ 0.30 X 656 2.00 d= The target dw~der, d payout ratio~ [(1 -d) is therefore the target Total Assets 57160 retention ratiol L = the target total debt-to-equity ratio X2 Retained Bamings 17~ 55 t = the ca~tal-outpul ratio, defined as total assets d~ded by .............................. 0.30 X 329 0.98 net sales Total Assets $7~60 Profit margin (profit/sales)=p=0.29 X3 EBIT 47965 Total ~ebt-to-equity rat~o (total debt/equity)=L=2 33 ............................... 0.84 X 672 5.64 Capital-output ratio (total asset~sales)=t=0.44 Total Assets 57160 Payout ratio (dividend~protits}=d ---0 5~ X4 Net Wodh 17155 0.29{1 - -0.54)(~ + 2.33) 0.43 X 1.05 0.45 g = - ........................... N / A Total Liabilities 40005 0.44 - 0.29(I · -0.54)(1 + 2 33) ..................................... ~ ............................................................................................................ Z Score: 9.06 ....................................... , ............................................................................................................... Source: "Substainable Growth: New Tool in Bank Lending', Journal ol Commencal Bank Lending, June 1977, Cutdf Values by Robed C Higgins Sale if greater than: 2.60 Bankrupt if less than: ~ 10 Safe from Bankruptcy: Z,~core > 2~60 Company Source: "Corporate Financial DistreSs" by Edward b Airman, John Wiley and Sons, ~ 983 Pov,~rs WK4 Jamie Powers Page 1-12 Deluxe FORCASTED FINANCIAL STATEMENTS -- Year 1 06/27/2003 FISCAL YEAR II Powers.WK4 Jamie Powers Page 1-12 Oeluxe FORCASTED FINANCIAL STATEMENTS -- Year 2 O~°/27/2003 F~nancal F. xpense, t~terest 207 204 202 200 197[ 195il 19~ 1~ 188 185 183i --~2Bi180 ___ -~- $16492322] 36.34%1'63% i ; IFORECASTED STATEMENT DF RETAINED EARNINGS Deluxe FORCASTED FrNANC~AL STATEMENTS -- Ysal 2 06~27/2003 FO~-E6~STED B~61E SHeEn'i; Oeiuxe FORCASTED FINANC~AL STATEMENTS -- Year 2 06~7/2003 [FORECASTED B A LA~N C _E_S_H E~ _co_nt .~_ _~ =BEGIN ~-~Mth13 ;-Mth14 I-Mthl$ I ~ -Mth20 -M~Zt I-MU122 ~ ~24 ~ ~ 3~-Augl I / i ~ 3332~ 3332~ 1990 2~0 2840 51~ 2SSSl 3'5~ 25~5~ 2702 2977 2~0 22~ i 3.1~ [ 30982 32212i 341f9 ~6~ 35910 ~350, 46.51% Deluxe ¢ORCASTED FINANCIAL STATEMENTS -- Year 2 06/27/'2CO3 L~RECASTED STATEMENT OF CHANGES iN FINANCIAL POSITION m ~)m ~ ~sssm , m m RNANCIAL RESOURCES FROM OPERAnONS mm ~' ~= = :: m (increase) ~r~se in WoA-in-Pr~sL 0~ 00 0 0 0 ( 0~ 0i 0 0.~% ~ J J 42676' m Delu×e FORCASTED FINANCIAL STATEMENTS -- Year 2 06/27~003 [ 701~_EC_-A~-ED~D_~L_ LI~ OF-OPE~A~NG EXPENSES ~, Ad~aising 275 275 275~ 275 275 275 2~ 275 275 275 275 275, ! Depr~iation ~ 1~ 198 198 198 1981 198' 198 198 198 198 198 190[ 1 De~v×e FORCASTED FINANCIAL STATEMENTS -- Year 2 06/27~003 De/u×e FORCASTED FINANCIAL STATEMENTS -- Year 2 06,'27/2003 [~ E~P R ECI~AT_ i_0_N_SC H~E D_U L_E~__ Buildings and Improvemen~ I Additions Mar~ [ 30I 0~ 2oopoI Add~io.~ ~ I ~0000[ Add~io~ June 30 0 AddiCts August ~ 0 20000 / Add,ons Janua~ ~ 71 0 ~2000 ~s F~ma~ I ~I~ 0 12000~ A~O~ JU~ ~ 7 0 ~2000 [DEPRECIATION SCHEDULE Beginning I Addi~ons Novembe~ Add'ices December Additions Januar7 Additions May A~ons Augus~ Deluxe FORCASTED FINANCIAL STATEMENTS -- Year 2 0~7~2003 iTRADE RECEIVABLES ANALySIs - pov~rs. WK4 Jarme Powers Page E- I 0 Deluxe FORCASTEO ~'INANCIAL STATEMENTS -. Year 2 05/27/2003 !KEY MEASURES i i,--~ 3 ~-Mh14 ?Mth15 ~6?` __¥earTwo .... -i --~-i~1h21 I.dvlth22 I-Uth23 I'"Mth24 I =~!'~:ro~'~'~ __._ i; s~p'o41 ota~i Nov-O4q ~-e~iJan-OS;Feb-051Mar-05 Apt.e51 .m991 ~un.e51 ju,-esI Autos! 2em Revenues - %bymonth 560% 7.99% 7.99% 14.49% 7.22%.~ 8.76°/~ 7.22% 760% 8.38°,~ 7.99% 644% 10.31°,~ ~- i00.08% Gross Profit Margin 75.00°/0 % 75.00% 75 75.00% 75.00~/, 75.00% 75.00% 75.0~ 75.00% 75.00% Cost of Goods Sold --2~.C 'L 26~o 25.oo% 95.ooy~l 25.00% 25.00°/~ -~.-00-°~: 25.00% -25.CO~ 25.00% 25.00°,{ 25.30% Operating Profit Margin 19 66%~_ 3639% 36.38% 53,71% 32.24~ 39.79°/~ 32,24% Current Ratio ~ ~ 3.34 3,09 3.34 .-- -- i5630 17956 1928! 26288 26936 28936 Working Capital 365 2024 2047 5544 2 17 ~;-- EBIT/laterest ~ I · . 6.78 24.23 22.32 13.59 3665 Equity to Debt "'"- ~42 0.49 0.51 0.67 0.71 0.81 0.821 0.9! 0.95 0.98 105 0.87 NetWorthtaTotalAssets ?- ~;47 0.46 0.49 0.56 0.56 0.57 0.58J ~ 0.59 0.611 060 0.62 Current Assets to Total Assets (~29 0 33 0 34 0 40 0.42 0.45 0 451 0.48 0.49 0.4,9 0.5t 0.47 FixedAssetstoTotaiAssets i ..... 0-82J 0.53[ 0.50J 0.4OI 0.4O~__ 0421 0411- 0411 - 0.401 0,3~I 0.3~I Oger tale~al Efficiency (annua0z~d): Asset Turnover -- 1~9 2.46 2.34 369 1.841 2.23 ---1 7~! 1.9~ 2.04 L891 1.57 2.38 ~ --- 1~90 26.40 28.40 51.50 25.65 31.15 25.65" 27.3; 2977 284( 2290 3665 No. Days Supply in Inv ..____1_8.09 12.68 12.68 6.99 4.04 11.56 13.3; 12.09 12.6~ 15.72 9.82 Receivable Turnover .... __ ........................ 416 3.28 No. ol Days Sales in Avg. Rec. · ..................................... SalssA~orking Capital 574 759 707 9.40 4.571 517 4.2z 4.43 4.0( 5.55 ~rofltab61ly Measures (annualized): Sales Efficiency Measures (~nnualtzed): Total Assets to Net Revenues ~ 0.591 0.41 0.43 0.27 ._ 0.54~ 0.45 05661 052 0,4O 0.53 0.64 042[ Revenues Per Day ~_~7~' __379[ 3921 6871 3421 4oq 342j 3731 3371 392r 3051 4891 3~ Powers. WK4 Ja~e Powers Page 2-1 $ Deluxe FORCASTED FINANCIAL STATEMENTS -- Year 2 06/27/2C03 Ratio p(1 o d)(1 + L) Names Description Formula Result Coefficient Z Score g = ........................... .......................................................................................................................................................... t- p(1 - d){1 + L) Working Capital 31699 P = the firm's profit margin on sales Xt .............................. 043 X 6.56 282 d= The target dMdend geyoul ration [(1 -d) is therefore the target Total Asse~s 73856 retanlion raho] L = the target total pabt-tc-equit7 raho X2 Retained Earnings 34350 l = the capital.output raUo, defined as total assets dMded by ........................... 0,47 X 3.26 1 52 ne1 sales Total Assets 73856 Profit margin (prod~/sales)=p--026 X3 EBIT 53971 Total debt-to-equity raao (total debt/egeity)=L=l.15 ..................... 0.73 X 6.72 491 Capital-output ra~ {total asse~sales)=t=0.52 Total Assets 73856 Payoul ratio )dMdeeds/profits)=d=*0 64 X4 Net Worth 34350 0.26(1 * -0.54)(1 + 1.15) Total Uabilffies 39506 0.52- 0.26(1 - -0.54)(t + 1.15) Z Score: 10.16 ..................................... ~ ............................................................................................................... Source: "Substainable Growth: New Tool in Bank Lending', Cutoff Values tiy Robed C. Higgins Safe if greater than: 2.60 Bankrupt if less than: 1.10 Company Safe trom Bankruptcy: ~ Score > 2.60 Source: 'Corporate Financial Distress" by Edward I. Airman, John Wiley and Sons[ 1 983 Powers. WK4 Jamie Powers Page 2-12 SMART IDEATM July 21, 2003 The Honorable Ernest W. Lehman, Mayor City of Iowa City 410 East Washington Street Iowa City, Iowa 52240 RE: Community Economic Betterment Account (CEBA) Application No. 04-CEBA-01: United Natural Foods, Inc. Dear Mayor Lehman: It is my pleasure to advise you that on July 17, the Iowa Department of Economic Development Board of Directors approved your community's application for CEBA assistance on behalf of the above-captioned business. The Board approved the CEBA Project Review Committee's recommendation to provide a forgivable loan in an amount not to exceed $180,000 and a 0% five- year loan in an amount not to exceed $120,000. The project must be administered in accordance with current CEBA administrative rules, and the award is contingent upon the Department finding that the Business has an acceptable record with respect to state and federal law compliance to include environmental compliance. In addition, the company must comply with the 1999 Iowa Code, Section 15A.1(3), which requires companies receiving state financial assistance to conduct in-house audits and management plans to reduce the amount of hazardous waste generated and to safely dispose of those wastes. To assist you in complying with these statutes, we have attached a listing indicating some of the technical assistance sources for both Energy Efficiency Design and Management and Waste Reduction Design and Management. The following activities must be accomplished prior to release of funds. 1. A Loan Agreement, prepared by the Iowa Department of Economic Development, must be executed by the parties. 2. Businesses generating solid or hazardous waste must either: 1) submit a copy of the business' existing in-house plan to reduce the amount of waste and safely dispose of the waste based on an in-house audit conducted within the past three years; 2) submit an outline of a plan to be developed imhouse or 3) submit documentation that the business I~s .~t_bg.r. Lz.~ed~ th~ Iowa__~_ep~a_~t~e~p~t_o~f .Nurtural Resources or Iowa Waste Reduction Center to conduct the audit. 3. The enclosed Loan Agreement Attachment A should be reviewed and Attachment B should be completed; then both should be returned to the Department. 4. The business shall have providgd documentation to the Department that it has consulted with the area Workforce Center and Workforce Investment Act/Promise Jobs Service Delivery Area Office to discuss employment services available. In addition, the Business shall make available ten percent (10%) of the Thomas J. Vilsack, Governor Sally J. Pederson, Lieutenant Governor Michael T Blouin, Director 200 East Grand Avenue, Des Moines, Iowa 50309 Phone: 515.242.4700 Fax: $152424809 www,iowasmartidea corn new jobs created to qualified Promise Jobs program participants. Also, the business must provide to these agencies a list of positions to be created including job descriptions and qualifications. 5. Documentation shall be submitted to the iowa Department of Economic Development indicating funding in the project from the following sources: Source Type Amount Bank Loan $8,100,000 City of Iowa City Tax Rebate $1,000,000 6. The security/collateral required in this project is: Irrevocable Letter of Credit. Executed security agreements/liens in the project shall be forwarded to the Department. It is understood that this security interest will be superior to any Community funds in the project, excluding conventional bank financing. 7. It is further understood that the Community will submit a certified lien search or attorney's title opinion after the filing of the appropriate CEBA security documents. The Business acknowledges that if it fails to create/retain 244 FTE (full-time equivalent) jobs by the Project Completion Date, it will reimburse CEBA funds for the employment shortfall as set out in the Loan Agreement. The Iowa Department of Workforce Development can provide labor market information, recruitment and placement services, proficiency testing, and answers to questions on worker's compensation, workplace safety and unemployment insurance. Your local Iowa Workforce Development Office will be notified of your award and will be contacting you to provide additional information. Please let us know if we may be of any further assistance. We are looking forward to the implementation of the project and the new job opportunities it will create. Sincerely, Michael Blouin Director MB/Idr Enclosure CC: Governor Vilsack/Lt. Governor Pederson ...... Thomas A. D~z!ki, Unit__ed Natural_Foods, In__c_: Steven Nasby, City of Iowa City Senator Joe Bolkcom Representative Mary Mascher Russ Trimble, Legislative Fiscal Bureau Brian Tormey, Department of Natural Resources Tony Dietsch, Iowa Workforce Development SOURCES OF TECHNICAL ASSISTANCE Energy Efficiency Design and Management 1. Department of Natural Resources Energy and Geological Resources Division Larry Bean, Administrator 900 East Grand Des Moines, IA 50319 515/281 --4308 2. Iowa State University Extension Center for Industrial Research and Service ISU Research Park Suite 500 2501 North Loop Drive Ames, IA 50010 515/294-3420 with regional offices in Cedar Rapids, Council Bluffs, Davenport, Des Moines, Storm Lake, and Waterloo 3. Local utility company 4. Private energy management engineering and conservation consultants Waste Reduction Design and Management 1. Department of Natural Resources Waste Management Assistance Division Scott Vander Hart, Pollution Prevention Manager 900 East Grand Des Moines, IA 50319 515/281-6275 O of Northern Iowa University Iowa Waste Reduction Center John Konefes, Director 1005 Technology Parkway Cedar Falls, IA 50613 319/273-8905 3. Iowa State University Extension Center for Industrial Research and Service Lloyd Anderson, Interim Director ISU Research Park Suite 500 .... 250'13,T~tth l~b~ DTiV~ Ames, IA 50010 515/294-3420 with regional offices in Cedar Rapids, Council Bluffs, Davenport, Des Moines, Storm Lake, and Waterloo 4. Private environmental engineering consultants. Name of Recipient: City of Iowa City/United Natural ATTACHMENT A Foods, Inc. 04-CEBA-01 ~lll~ · · IOWA CEBA RECIPIENT BUDGET SUMMARY L.~ AMOUNT BUDGETED PROJECT DESCRIPTION PERFORMANCE TARGET ~ ~ BUSINES~ ~ TOTAL ~~~ FUNDS FU_._.~NDS __FUN._~DS FUND__S _ . .A.c. tj .vi.t'/. Jj. ................................ j .......... Community Base 124 Site Preparation Created 82 $840,000 $840,000 TOTAL 368 .A..ct. ! .v'.~. .2. :. ................................ i .......... Created/retained positions ~ must have a starting wage $300,000 $1,000,000 $5,380,000 $6,680,000 Building Construction of at least $10.42/hr. and (Bank) an average wage of at least ! $14.36/hr. ActJwty 3: ~ ...... ................................................ $580,000 $580,000 Building Remodeling (Bank) ........... $1,300,000 $1,300,000 Machinery and Equipment ~ I (Bank) TOTAL AMOUNT OF A, LL FUNDS BUDGETED $300,000 $1,000,000 $0 $8,100,000 $8,400~000 ATTACHMENT B CEBAName of Recipient: City of Iowa City/United Natural Foods, Inc.04-CEBA-01 IOWA CEBA RECIPIENT PROGRAM SCHEDULE 2003 PROJECT ACTIVITY: Loan to the City of Iowa City Is~ Qtr. 2"a Qtr. 3m Qtr. 4m Qtr. for United Foods, Inc. _ A S O N D J F M A M J J 1. Site Preparation 2. Building Construction 3. Building Remodeling 4. Machinery and Equipment 5. 6. 7. 2004 PROJECT ACTIVITY: Loan to the City of Iowa City 5st Otr. 6th Qtr. 7th Qtr. 8th Otr. for United Foods, Inc. A S O N D J F M A M J J 1. Site Preparation 2. Building Construction 3, Building Remodeling a,;~vlachlnery an~l Equipment $. 6. 7. ATTACHMENT B CEBAName of Recipient: City of Iowa CityFUnited Natural Foods, Inc.04-CEBA-01 IOWA CEBA RECIPIENT PROGRAM SCHEDULE 2005 PROJECT ACTIVITY: Loan to the City of Iowa City 9th Qtr. 10th Qtr. 11th Qtr. 12`~ Qtr. for United Foods, Inc. A S 'O N D J F M A M J J Milestones: / / I / I / / I I I / / 1. Site Preparation 2, Building Construction 3, Building Remodeling 4. Machinery and Equipment 5. 6. 7. OF MEMORANDUM To: City Council From: Housing and Inspection Services Date:July 29, 2003 Re: 707 Walnut Street In November of 2001, City Council passed a resolution authorizing the condemnation of 707 Walnut Street as a nuisance property. In July of 2002 after a compensation hearing at the County Sheriff's Department, the City acquired the property. The property was sold to a private contractor for rehabilitation in November of 2002. Attached are photographs showing the before and after of the completed rehabilitation. A family bought the property on 7/29/2003 and it is now an owner-occupied single family dwelling. :kF IER 7( ~VALN OT STP, EET