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Council approves development agreement for 455 E. 15th with one abstention
Summary
Council voted to approve a development agreement with Greater Dubuque Impact Investment Fund to redevelop 455 East 15th Street into community health and related office facilities, estimating $5 million in construction, land purchase of $151,300 offset by a land acquisition grant, and 10 years of TIF rebates for taxable use; the mayor abstained due to a conflict, and the motion passed 6–0 with one abstention.
The Dubuque City Council on June 15 adopted a development agreement with the Greater Dubuque Impact Investment Fund to redevelop property at 455 East 15th Street into community health and related office facilities.
Economic development staff (Jill Connors) summarized the agreement: the developer would purchase approximately 0.71 acres for $151,300; the city would provide a land acquisition grant of the same amount contingent on the construction required by the agreement; the project is estimated at $5 million and is to be substantially complete by April 1, 2031 with construction commencing no later than October 1, 2027 to allow for environmental assessment and mitigation. If the property is subject to real property taxes, the city will provide up to 10 years of tax increment financing (TIF) rebates; nonprofit use may qualify for tax exemption and separate application.
No members of the public testified during the public hearing. Mayor Kavanagh announced an abstention from the vote due to a potential conflict (his spouse’s role at the local community health center) and did not participate in voting. The motion to receive, file and adopt the resolution passed with six votes in favor and one abstention.
Council discussion praised the partnership and urged staff to pursue matching grants and other funding sources. Planning and parks staff also noted plans to apply for federal preservation and matching grants tied to the Alfred Caldwell site in a separate agenda item. The resolution directs staff to finalize documents consistent with the terms presented to council.
