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Home My WebLink About2020-03-24 Public hearingNOTICE OF PUBLIC HEARING Notice is hereby given that the City Council of Iowa City will hold a public hearing on the 24th day of March, 2020, at 7:00 p.m. in the Emma J. Harvat Hall of the Iowa City City Hall, 410 E. Washington Street, Iowa City, Iowa, or if said meeting is cancelled, at the next meeting of the City Council thereafter as posted by the City Clerk; at which hearing the Council will consider a Resolution approving a 30 -year lease with MidAmerican Energy Company for 18.89 acres at Waterworks Prairie Park for a large-scale solar energy system. Copies of the proposed resolution are on file for public examination in the office of the City Clerk, City Hall, Iowa City, Iowa. Persons wishing to make their views known for Council consideration are encouraged to appear at the above-mentioned time and place. KELLIE K. FRUEHLING, CITY CLERK FILL® City Clerk Iowa City, Iowa 0 PRESENTATION TO FOLLOW: By: Adam Jablonski, MidAmerican Energy 10. � r CITY OF IOWA CITY 410 East Washington Strect Iowa City, Iowa 52240-1826 (3 19) 356-5000 (3 19) 356-5009 FAX www. icgov. o rg Project Information • 3 megawatts • Over 10,000 solar panels • Will produce enough electricity to power approximately 580 average Iowa homes annually • Annual lease payments ($13,440.00) and tax payments (estimated at $3,000) to Iowa City • Part of MidAmerican Energy's plan to provide 100% renewable energy to our customers through our GreenAdvantage program • MidAmerican Energy's first solar project P- .. Why was this location chosen? • Large, open and relatively flat area conducive to a large solar project — few large, unimproved areas were available for solar on City -owned property to accommodate this partnership with the City • Proximity to local electrical distribution system so that the electricity can be used locally • Highly visible to the public which will help raise awareness of the project, renewable energy and its associated environmental benefits • Ability to use single -axis tracking which will have more energy production as compared to fixed tilt z Prairie Restoration • Once the project is constructed the site will be reseeded with a pollinator -friendly prairie seed mix • MidAmerican Energy is working with Applied Ecological Services and the Center for Pollinators in Energy to create a seeding mix and a vegetation management plan, which must be approved by the City • An educational rest area will be installed by MidAmerican Energy to highlight the positive benefits of the project and how the solar energy system works PRESENTATION CONCLUDED ar % 04 CITY OF IOWA CITY 410 East Washington Street Iowa City, Iowa 52240-[826 (3 19) 356-5000 (3 19) 356-5009 FAX www.icgov.org NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF IOWA CITY, STATE OF IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF NOT TO EXCEED $11,600,000 GENERAL OBLIGATION BONDS OF THE CITY (FOR ESSENTIAL CORPORATE PURPOSES), AND THE HEARING ON THE ISSUANCE THEREOF PUBLIC NOTICE is hereby given that the City Council of the City of Iowa City, State of Iowa, will hold a public hearing on the 24'" day of March, 2020, at 7:00 P.M., in the Emma J. Harvat Hall, City Hall, 410 E. Washington, Iowa City, Iowa, at which meeting the Council proposes to take additional action for the issuance of not to exceed $11,600,000 General Obligation Bonds, for essential corporate purposes, to provide funds to pay the costs of the opening, widening, extending, grading and drainage of the right-of-way of streets, highways, avenues, alleys, and public grounds; the construction, reconstruction, and repairing of any street and streetscape improvements, with related utility work, traffic control devices, lighting, sidewalks, and the acquisition of real estate for such purposes; the rehabilitation and improvement of parks already owned, including facilities, equipment and improvements commonly found in city parks; equipping the fire department; and the acquisition, development and improvement of an Infrastructure Asset Management software program suitable for automated mapping and facilities management. At the above meeting the Council shall receive oral or written objections from any resident or property owner of the City to the above action. After all objections have been received and considered, the Council will at the meeting or at any adjournment thereof, take additional action for the issuance of the Bonds or will abandon the proposal to issue said Bonds. This notice is given by order of the City Council of the City of Iowa City, State of Iowa, as provided by Section 384.25 of the Code of Iowa. Dated this 13th day of March, 2020. s/Kellie K. Fmehling, City Clerk FILE® City Clerk Iowa City, Iowa ii. STAFF PRESENTATION TO FOLLOW: 1 r I C04;qui h CITY OF lOVVA CITY 410 East Washington Street Iowa City, Iowa S2240-1826 (319) 356-5000 (3I9) 356-5009 FAX www.icgov.org City of Iowa City 2020 G.O. Bond Issue $12,1145,000 Dennis Bockenstedt, Finance Director 2020 G.O. Bonds Time Line March 3 Set hearing for bond purposes March 24 Two public hearings on bond purposes; Pre -levy authorization resolution April 14 Moody's bond rating call April 21 Resolutions to direct advertisement for sale of bonds and to approve Official Statement May 5 Receive and open bids May 19 Resolution authorizing issuance of bonds June 1 Close of sale of bonds Dennis Bockenstedt, Finance Director 2020 G.O. Bonds Projects Infrastructure Asset Management $ 660,000 Wetherby Park Improvements 8001000 Napolean, Scott, Fairmeadows Parks Rehabilitation 5201000 Mercer Park Pool - Dehumidification & Tuckpointing * 700,000 Annual Pavement Replacement 8001000 American Legion Rd Reconstruction 418511340 First Ave/Scott Blvd Intersection improvements 114001000 Court Street Reconstruction 7751000 Rochester Avenue Reconstruction 6501000 Gilbert Court Sidewalk Infill 1001000 Fire Apparatus replacement 7161000 * General Corporate purpose Dennis Bockenstedt, Finance Director 2020 G.O. Bonds Included in 2020 Amended Budget and Five -Year Capital Improvement Program Incorporated into current and future tax levy projections Sold in competitive bidding process Items 11 through 13 on tonight's agenda 2020 G.O. Bonds Questions? ffl� Dennis Bockenstedt, Finance Director STAFF PRESENTATION CONCLUDED � r rrM as � h CITY OF IOWA CITY 410 East Washington Strect Iowa City, Iowa 52240-1826 (3 19) 356-5000 (3 19) 356-5009 FAX www. icgov. o rg NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF IOWA CITY, STATE OF IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF NOT TO EXCEED $700,000 GENERAL OBLIGATION BONDS OF THE CITY (FOR GENERAL CORPORATE PURPOSES), AND THE HEARING ON THE ISSUANCE THEREOF PUBLIC NOTICE is hereby given that the City Council of the City of Iowa City, State of Iowa, will hold a public hearing on the 24' day of March, 2020, at 7:00 P.M., in the Emma J. Harvat Hall, City Hall, 410 E. Washington, Iowa City, Iowa, at which meeting the Council proposes to take additional action for the issuance of not to exceed $700,000 General Obligation Bonds, for general corporate purposes, bearing interest at a rate of not to exceed nine (9) per centum per annum, the Bonds to be issued to provide funds to pay the costs of improvements to and equipping of the Mercer Park Pool. At any time before the date of the meeting, a petition, asking that the question of issuing such Bonds be submitted to the legal voters of the City, may be filed with the Clerk of the City in the manner provided by Section 362.4 of the Code of Iowa, pursuant to the provisions of Section 384.26 of the Code of Iowa. At the above meeting the Council shall receive oral or written objections from any resident or property owner of the City to the above action. After all objections have been received and considered, the Council will at the meeting or at any adjournment thereof, take additional action for the issuance of the Bonds or will abandon the proposal to issue said Bonds. This notice is given by order of the City Council of the City of Iowa City, State of Iowa, as provided by Section 384.26 of the Code of Iowa. Dated this 13th day of March, 2020. s/Kellie K. Fruehling, City Clerk FILE® City Clerk Iowa City, Iowa 12 1y, J -1Y NOTICE OF PUBLIC HEARING F. ess.cl AMENDMENT OF FY2019-2020 CITY BUDGET FILED The City Council of Iowa City in JOHNSON County, Iowa will meet at 410 E Washington St, City Hall MAR 4 2= at 7:00 pm on 3/24/2020 City Clerk 4h.) fow°/ Iowa City, Iowa ,for the purpose of amending the current budget of the city for the fiscal year ending June 30, 2020 1- by changing estimates of revenue and expenditure appropriations in the following functions for the reasons given. Additional detail is available at the city clerk's office showing revenues and expenditures by fund type and by activity. Explanation of increases or decreases in revenue estimates, appropriations, or available cash: Amendments include the review and modification of the 2020 CIP program, the return of a fee in lieu of payment, a TIF rebate payment moved up a year, correction of the coding of some intergovernmental revenues, land acquisition, and transfers to Capital Reserve and Facility Reserve funds and Emergency Reserve funds. Additional detail is on file and available from the Iowa City Finance Department. There will be no increase in tax levies to be paid in the current fiscal year named above related to the proposed budget amendment. Any increase in expenditures set out above will be met from the increased non -property tax revenues and cash balances not budgeted or considered in this current budget. Kellie Fruehling City Clerk/ Finance Officer Name Total Budget as certified or last amended Current Amendment Total Budget after Current Amendment Revenues 8 Other Financing Sources Taxes Levied on Property 1 60,296,653 60,296,653 Less: Uncollected Property Taxes -Levy Vear 2 0 0 Net Current Property Tues 3 60,296,653 0 60,296,653 Delinquent Property Taxes 4 0 0 TIF Revenues 5 3,450 835 1 3,450,835 Other City Texas 6 2,759,321 2759,321 Licenses 8 Permits 7 2,073,060 2,073,060 Use of Money and Property 8 3,517,225 -12,570 3 504 655 intergovernmental 9 42,037,521 4,589,415 46,626,936 Charges for services 10 46,456 326 178,332 46 634,658 Special Assessments 11 810 810 Miscellaneous 12 2,770,957 44,327 2 815,284 Other Financing Sources 13 14,333 672 -185,000 14 148,672 Transfers In 14 43 529 001 21.622,038. 65,151,039 Total Revenues and Other Sources is 221,225,381 26,236,542 247,461,923 Expenditures 8 Other Financing Uses Public Safety 16 26,506,832 244,516 26,751,348 Public Works 17 10,434,208 280 349 10,714,55 Health and Social Services 18 531,500 531,500 Culture and Recreation 19 16,032 415 55 785 16 088,200 Community and Economic Development 20 11 186 436 860,726 12 047,162 General Government 21 10,094,944,501,381 10,596 325 Debt Service 22 13,039,775 8,558 13.048,333 Capital Projects 23 61 808 418 2,612 434 64,420,852 Total Gavemment Activities Expenditures 24 149,634 528 4 563 749 154,198,277 Busimss Type IEnte uses 25 72,221133 1,392711 73,613,844 Total Gov Activities a Business Expenditures 26 221 855 661 5,956,460 227,812 121 Transfers Out 27 43,529,001 21622,038 65,151,039 Total ExpeMRuresrTransfers Out 28 265,384,662 27,578,498 292,963,160 Excess Revenues 8 Other Sources Over Under Expendituresrtransfers Out Fiscal Year 29 -44,159,281 -1,341,956 -45501,237 Beginning Fund Balance July 1 301 134,084,934 48,685,117 182,770,051 inding Fund Balance June 30 311 89,925 653 47 343,161 137,268,814 Explanation of increases or decreases in revenue estimates, appropriations, or available cash: Amendments include the review and modification of the 2020 CIP program, the return of a fee in lieu of payment, a TIF rebate payment moved up a year, correction of the coding of some intergovernmental revenues, land acquisition, and transfers to Capital Reserve and Facility Reserve funds and Emergency Reserve funds. Additional detail is on file and available from the Iowa City Finance Department. There will be no increase in tax levies to be paid in the current fiscal year named above related to the proposed budget amendment. Any increase in expenditures set out above will be met from the increased non -property tax revenues and cash balances not budgeted or considered in this current budget. Kellie Fruehling City Clerk/ Finance Officer Name STAFF PRESENTATION TO FOLLOW: 1 r I C04;qui h CITY OF lOVVA CITY 410 East Washington Street Iowa City, Iowa S2240-1826 (319) 356-5000 (3I9) 356-5009 FAX www.icgov.org CITY OF IOWA CITY UNESCO CITY OF LITERATURE FY2021 BUDGET SUMMARY July & August 2019: Community Budget Engagement August 20: Council Work Session on Priorities January 4: Operating Budget Review January 7: Capital Improvement Plan Review February 4: Setting of Public Hearing on Proposed Maximum Property Tax February 18: Public Hearing on Budget / Adopts Resolution Setting Max Property Tax March 3: Setting of Public Hearing on Budget March 24: Public Hearing on Budget / Adoption of Budget March 31: Certification with County Auditor $1 million General Fund contribution towards affordable housing efforts and doubled support for non -profits with significant increase to Aid to Agency grant program Investment in major road improvement projects, continues implementation of bicycle, parks, and natural areas master plans, and prepares to address future critical facility needs Invests in staffing with minimum hourly wage increase to $13.25, temporary to permanent conversions, and new staff positions Aggressively funds Climate Action and Adaptation efforts, setting the table for Iowa City to be a national leader The FY2021 budget... Continues to reduce tax levy rate, bringing our rate more in line with other large Iowa cities (despite not using alternative revenues such as LOST) Builds stronger reserves for Iowa City's future Avoids spikes in utility and user fees by making incremental changes in water, recycling and landfill rates Property Tax Rate Trend & Tax Levies Taxable Value and Levy Rate Rate %Change 0.48%-3.21%-2.69%-0.60%-0.32%-0.41%-1.51%-0.92%-2.16°/-0.38% Combined General Fund 9.610 9.610 0.00 Tax Levies Employee 3.244 3.344 +0.10 Benefits Emergency 0.00 0.240 +0.24 Debt Service $4,000 2.578 18 Total 15.833 15.773 -0.06 $3,500 17.5 c $3,000 o 17 $2,500 c $2,000 16.5 ami $1,500 a 16 m X $1,000 15.5 $500 $0 15 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 .Tax Val (millions) $2,848 $2,960 $3,036 $3,137 $3,183 $3,421 $3,543 $3,745 $3,923 $4,259 Val % Change 327% 3.93% 2.56% 3.32% 1.46% 7.50% 3.55% 5.72% 4.74% 8.55% �Ptax Rate 17.842 17269 16.805 16.705 16.651 16.583 16.333 16.183 15.833 15.773 Rate %Change 0.48%-3.21%-2.69%-0.60%-0.32%-0.41%-1.51%-0.92%-2.16°/-0.38% Combined General Fund 9.610 9.610 0.00 Tax Levies Employee 3.244 3.344 +0.10 Benefits Emergency 0.00 0.240 +0.24 Debt Service 2.978 2.578 -0.40 Total 15.833 15.773 -0.06 No fee increases recommended for sewer, stormwater, parking, or transit ki, 5% water rate increase previously approved for /FY2021 to fund system upgrades and maintenance jm� $0.90 monthly refuse fee increase is recommended Z4.� to support operations due to growth in recycling program use $2.50 Landfill trash disposal tipping fee increase MR -4 recommended, along with a $3.00 increase for recycling TV monitors over 18" FY2021 User Fee Changes I `�� .■■lcoz r"' I I I :��-+� 1 CITY OF IOWA CITY UNESCO CITY OF LITERATURE STAFF PRESENTATION CONCLUDED � r rrM as � h CITY OF IOWA CITY 410 East Washington Strect Iowa City, Iowa 52240-1826 (3 19) 356-5000 (3 19) 356-5009 FAX www. icgov. o rg /5 Form 031 t oeo:,,:,nom N EYrmpm„wx NOTICE OF PUBLIC HEARING BUDGET ESTIMATE FISCAL YEAR BEGINNING JULY 1, 2020 - ENDING JUNE 30, 2021 City of Iowa City , Iowa The City Council will conduct a public hearing on the proposed Budget at 410 E Washington St, City Hall FILE on 3/24/2020 at 7:00 pm (Date) =V/V (hour) MAR 42020 The Budget Estimate Summary of proposed receipts and expenditures is shown below. Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor, City Clerk City Clerk, and at the Library. Iowa City, Iowa The estimated Total tax levy rate per $1000 valuation on regular property .......... $ 15.77305 The estimated tax levy rate per $1000 valuation on Agricultural land is ........... $ 3.00375 At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget. (319) 356-5041 Kettle Fruehling phone number City CleduFinance Officers NAME Budget FY 2021 Re -estimated FY 2020 Actual FY 2019 (a) (b) (C) Revenues & Other Flnancina Sources Taxes Levied on Property 65 849,136 60 296,653 59,113, Less: Uncollected Property Taxes -Levy Year 2 0 0 0 Net current Property Tues 3 65,849,136 60,296,653 59,113,344 Delinquent Property Taxes 4 0 0 2,059 TIF Revenues 51 21593.2031 3,450,835 2,564,840 Other City Taxes 6 2958258. 2 759 321 2,992,584 Licenses & Permits 7 2,209,82 0 2,073.06 0 3,006,07 Use of Mone and Pro 8 3,036 906 3,504,65 5 5,489,441 Intergovernmental 9 35,752 644 46 626,936 31 268,389 Charges for Fees 8 Service 10 48,039 624 46,634,658 47,573,71 Special Assessments 11 570 810 0 Mlscellaneou6 12 2581 239 2,815,284 3 36438 Other FinancingSources 13 12 772 840 14,148,672 15,242.091 Transfers l0 14 47,223,813 65,151,039 49 543,872 Total Revenues and Other sources 223,018,053 247,461,92 220,160,792 Expenditures & Other Financing Uses Public Safe 27852,394 26,751348 24589,780 Public Works [220 11 754,422 10,714,557 9,929,37 Health and Social Services 605,000 531 500 300,00 Culture and Recreation 16,431,607 16,088,200 13,910,7301 Community and Economic Development 8,901,519 12047,162 9163122 General Government 11,453,509 10596,325 9004996 Debt Service 22 14,519,819 13 048,333 13 678,214 Capital Pro cts 23 22 705 470 64 420,852 39,752,910 Total Government Activities Expenditures 24 114,223,740 154,198,277 120329,131 Business T / Enterprises 25 61 278,675 73,613, 60 936,873 Total ALL Expenditures 26 175,502,415 227,812,121 181,266,004 Transfers Out 27 47,223 813 65,151,039 49 543,872 Total ALL ExpenditureslTransfere Out 28 222,726,228 292,963,160 230,809,876 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out29 291,825 45,501,237 -10,649,084 Beginning Fund Balance July 1 30 137 268,814 182,770 051 193 419,135 Ending Fund Balance June 30 1311 137,560,6391 137,268,814 182,770,051