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Council amends industrial-center urban-renewal plan to enable new tax-rebate projects
Summary
Council voted 7-0 to amend and restate elements of the Dubuque Industrial Center Economic Development District to remove property from an expired subarea and to add property back as a new subarea, enabling tax-increment rebates tied to SJR Properties and Universal Tank & Fabrication projects.
The Dubuque City Council on Sept. 2 adopted amendments to the Dubuque Industrial Center Economic Development District urban renewal plan that remove certain parcels from an expired subarea and add property back into the district as a new subarea to permit future tax-increment financing (TIF) rebates. Economic development staff said the changes are required to support development agreements for SJR Properties LLC and Universal Tank & Fabrication.Photo: Staff said subarea B’s 20-year TIF authority had expired in 2018 under a 1995 change in…
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