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HomeMy WebLinkAboutCCEDC PACKET 12.09.20 Agenda City Council Economic Development Committee Wednesday, December 9, 2020 3:30 pm Electronic Meeting ZOOM MEETING PLATFORM AGENDA 1. Call to Order 2. Consider approval of minutes from the July 13, 2020 Economic Development Committee meeting 3. Discuss Tailwinds’ proposal for historic preservation and redevelopment project on south side of 100 block of East College Street Electronic Meeting (Pursuant to Iowa Code section 21.8) An electronic meeting is being held because a meeting in person is impossible or impractical due to concerns for the health and safety of Commission members, staff and the public presented by COVID-19. You can participate in the meeting and can comment on an agenda item by going to https://zoom.us/meeting/register/tJcpf-2urjMpHNGLdz8LYq86RNsrRcRgvUyn via the internet to visit the Zoom meeting’s registration page and submit the required information Once approved, you will receive an email message with a link to join the meeting. If you are asked for a meeting or webinar ID, enter the ID number found in the email. A meeting password may also be included in the email. Enter the password when prompted. If you have no computer or smartphone, or a computer without a microphone, you may call in by telephone by dialing (312) 626-6799. When prompted, enter the meeting or webinar ID. The ID number for this meeting is: 934 8460 8365 . Once connected, you may dial *9 to “raise your hand,” letting the meeting host know you would like to speak. Providing comments in person is not an option. EDC 12.9.2020 packet page 1 4. Annual reports and consideration of budget requests from: a.Englert Theater b.FilmScene c. Riverside Theatre d.Entrepreneurial Development Center 5.Update: Small Business Resource Program, Erika Kubly 6. Update: Building Change program, Tracy Hightshoe 7.Staff time 8.Committee time 9.Other business EDC 12.9.2020 packet page 2 MINUTES CITY COUNCIL ECONOMIC DEVELOPMENT COMMITTEE JULY 13, 2020 VIA ZOOM PLATFORM, 4:00 P.M. Members Present: Susan Mims, Mazahir Salih, John Thomas Staff Present: Wendy Ford, Geoff Fruin, Eleanor Dilkes, Sarah Hektoen, Ashley Monroe, Rachel Kilburg Others Present: Michael Sather, Brandon Smith, Josh Sherburne (Tailwinds), Kevin Monson Andrew Ballard (Neumann Monson) RECOMMENDATIONS TO COUNCIL: CALL MEETING TO ORDER: The meeting was called to order at 4:04 P.M. Chairperson Mims welcomed everyone and asked those present to introduce themselves. CONSIDER APPROVAL OF MINUTES FROM THE JANUARY 27, 2020, ECONOMIC DEVELOPMENT COMMITTEE MEETING: Minutes from the January meeting were reviewed. Salih moved to approve the minutes from the January 27, 2020, meeting as presented. Thomas seconded the motion. The motion carried 3-0. Discuss Tailwinds’ proposal for historic preservation and redevelopment project on south side of 100 block of East College Street: Ford stated that it was last August that Tailwinds first came to the Economic Development Committee with a $65 million project, for which they planned to request $9 million in TIF from the City. At that time, Tailwinds was asked to refine their concept and to submit information supporting the project costs and the projected financials in order to determine a financial gap on the project. Ford noted since then, enough had changed from the initial concept that staff felt it would be a good to have Tailwinds explain the changes because, what had been a $65 million project with a $9 million TIF had changed to $61 million project with a $13.5 million TIF. Brandon Smith with Tailwinds then joined the conversation to further clarify Tailwinds’ proposal. He began by giving Members an overview of the project, noting its location on the 100 block of College Street downtown. He described the project, including the residential, commercial and retail, noting current and proposed tenants. He continued, further explaining where the changes came from and how they arrived at these numbers. Speaking to the goals of the original project, Smith noted the various aspects and what is contemplated, such as achieving landmark status for the ped mall facing buildings. Speaking to LEED platinum certification, Smith noted that they have been looking into achieving this in their project. The drop in overall project costs was attributed mainly to going to a steel structure versus concrete. The increase in space for Riverside Theatre also created some changes to the projected revenue stream. EDC 12.9.2020 packet page 3 Speaking directly to the TIF request and the public benefit of this ask, Smith noted the LEED platinum certification as a big positive. The project will include solar, a rain water management system, a green roof, electric vehicle charging stations, and an entryway garden area, to name a few. The Riverside Theatre portion of the project was addressed next, with Smith stating that the theatre’s Board of Directors will be considering Tailwinds’ letter of intent at their next meeting. Riverside is expected to occupy the entire third floor of the Crescent building, as well as the entire second floor, minus a storage area. The main floor will house the entryway, along with a ticket booth and kiosk. Smith described the historic preservation piece next, stating that the Historic Preservation Commission met in April to review the project. He added that three of the buildings were voted through without any problems, which allows them to move forward in this area. The affordable housing aspect was also addressed, with Smith stating that they do want to discuss this further with the Committee. He asked if there was a preference on providing the affordable with in certain portions of on-site, off-site and/or fee in lieu. Smith then spoke to the timeline of this project, noting that they have been working on it for several years now. The first building was purchased in 2017, and since then they have been purchasing the remaining parcels. Looking ahead, Smith stated that they hope to get the financial review done by the City’s third-party consultant and then move forward with a development agreement with the City, possibly having the TIF finalized in September. Wrapping up his presentation, Smith noted the local tenants that want to be a part of this project, as well as local contractors. He stated that their bank is also excited about the project, which helps the team keep the momentum going on this. Mims stated that she may have a conflict of interest regarding this and that she would need to discuss this with the City Attorney before contributing anything further, especially at the Council level. She asked the other Members to go ahead with any questions or comments. Thomas stated that his question would be in regards to the duration of the TIF. Ford responded, stating that she believes it would be between 17 and 20 years. Fruin also spoke to this, stating that they will have a more precise number after the analysis is performed. He did agree that it would be a longer time period than what they typically see. Thomas continued, stating that the project has gotten better in his view and that he believes the Riverside Theatre portion will be very valuable to the downtown. He also spoke to the LEED certification and how they might want to look at that when considering the financial picture. Regarding affordable housing, Thomas said that he would be in favor of exploring opportunities in the close-in neighborhoods. The Tailwinds team responded to Thomas’ comments regarding LEED certification, noting that they have considered different levels. It was stated that this would be the first project in Iowa with LEED platinum for multi-family housing. Salih then spoke to the project, noting that it has many good aspects to it. She asked if the team could further speak to the affordable housing piece. She also asked why the increase in TIF at this point, adding that she would need to have more information before making a decision. Fruin stated that the TIF policies adopted in late 2017 require a minimum of 15% affordable housing, for tenants at or below 60% of the area median income. He further explained what the policy entails and gave Members an example of a project – Augusta Place – where a combination of off-site and on-site affordable housing was accomplished. He asked Members for their thoughts on this. Mims asked if they would be needing a vote from the Committee today, and Fruin noted that a general consensus of the Members is all that is needed at this point, along with any concerns/comments they may have. Mims weighed then stated that she would be interested in looking at what the real differences are between the gold and platinum LEED certification and what it really means regarding features of the building. Regarding the affordable housing piece, she said would like to see a mixture of on-site, off-site, and potentially fee in lieu of. Thomas spoke to the affordable housing piece, as well, stating that he would like to see the real numbers before making any decisions. Salih noted that increasing the number of units downtown is one of their goals. She stated that she would like to know what the options are for EDC 12.9.2020 packet page 4 housing and what the developer can offer. The discussion turned back to the $4 million increase in the TIF and how the LEED certification is affecting this number. Fruin further explained to Members how the certification works, and the Tailwinds team added further information regarding the point system. Smith then touched on Members’ questions and concerns, trying to clarify further the increase in the TIF ask. Members stated that overall they are supportive of the project, but that further clarification of various aspects is needed. Fruin stated that staff will work with Tailwinds to get the information the Members have requested. He added that staff would like to go ahead and start the financial review with the consultant, and then begin to work with the City Attorney’s office on the needed urban renewal amendments. Committee Members agreed that staff should move ahead with these steps at this point. STAFF REPORT: Ford noted that the urban renewal amendments are currently underway for the three industrial areas targeted for energy improvement projects. She also mentioned that they are getting ready to accept applications for the first-ever Climate Action at Work Awards. Winners will be announced at the virtual climate festival in September. COMMITTEE TIME: None. OTHER BUSINESS: None. ADJOURNMENT: Thomas moved to adjourn the meeting at 5:10 P.M. Salih seconded the motion. Motion carried 3-0. EDC 12.9.2020 packet page 5 Council Economic Development Committee ATTENDANCE RECORD 2020 NAME TERM EXP. 0 1 / 2 7 / 2 0 0 7 / 1 3 / 2 0 Susan Mims 01/02/22 X X Mazahir Salih 01/02/22 X X John Thomas 01/02/22 X X Key: X = Present O = Absent O/E = Absent/Excused EDC 12.9.2020 packet page 6 EDC 12.9.2020 packet page 7 EDC 12.9.2020 packet page 8 EDC 12.9.2020 packet page 9 EDC 12.9.2020 packet page 10 EDC 12.9.2020 packet page 11 EDC 12.9.2020 packet page 12 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 EAST COLLEGE STREET DEVELOPMENT TIF APPLICATION SUPPLEMENT TAILWIND GROUP APRIL 30, 2020 CONTENTS 1. OVERVIEW 2. KEY OBJECTIVES 3. PED MALL FACADES 4. EXISTING & PROPOSED 5. NEW BUILDING IMPACT EDC 12.9.2020 packet page 13 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 OVERVIEW E COLLEGE STPED MALL E BURLINGTON S C L I N T O N S L I N N S D U B U Q U E DOOLEY COLLEGEBLOCKBLOCKBLOCKCRESCENT NEW BUILDING EDC 12.9.2020 packet page 14 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 Designate Local Historic Landmarks Activate Ped Mall with Small Businesses Devote Crescent Block 3rd Floor to Non-profit Arts Organization Match New Building Height to that of The Graduate Achieve LEED Silver Reuse Existing Buildings Densify Downtown Fulfill Master Plan Vision Provide Exceptional Public Benefit Promote Environmental Sustainability KEY OBJECTIVES * * after exploring LEED Silver & Platinum, LEED Gold was ultimately decided upon. EDC 12.9.2020 packet page 15 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 PED MALL FACADES 19331910 EDC 12.9.2020 packet page 16 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 PED MALL FACADES 1925 1965 EDC 12.9.2020 packet page 17 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 PED MALL FACADES Existing Conduct minor repairs to Sears & Roebuck era facade, including replacement of lost decorative elements Update entry for accessibility. Return to Montgomery Ward era ground floor & 2nd floor configuration CRESCENT BLOCKCOLLEGE BLOCK DOOLEY BLOCK Proposed EDC 12.9.2020 packet page 18 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 Montgomery Ward 1929 construction EXISTING - FROM SOUTH CRESCENT BLOCK1894 COLLEGE BLOCK1883DOOLEY BLOCK1895 DOOLEY BLOCK ADDITION (TO REMAIN) DEMOLISH Sears, Roebuck, & Co. 1929 construction Opera House Block The Graduate EDC 12.9.2020 packet page 19 DN UP 18' - 0 " 22' - 0 " 18' - 0 " 58' - 0 " 1'-0 " 1'-0 " AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Aec A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b D o o r ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) Aec D b M v B l o c k R e f (A e c B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) Aec D b M v B l o c k R e f (A e c B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) Aec D b M v B l o c k R e f (Ae c B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) ELE C T R I C A L P A N E L DN STA I R U P CON D . 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UNI T UP UP UP 9'- 1 " 18 ' - 3 " 19 ' - 2 " DN UP 18' - 0 " 22' - 0 " 18' - 0 " 58' - 0 " 1'-0 " 1'-0 " AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Aec A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b D o o r ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) Aec D b M v B l o c k R e f (A e c B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) Aec D b M v B l o c k R e f (A e c B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) Aec D b M v B l o c k R e f (Ae c B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) ELE C T R I C A L P A N E L DN STA I R U P CON D . UNI T UP UP UP 9'- 1 " 18 ' - 3 " 19 ' - 2 " DN UP 18' - 0 " 22' - 0 " 18' - 0 " 58' - 0 " 1'-0 " 1'-0 " AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Aec A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b D o o r ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) Aec D b M v B l o c k R e f (A e c B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) Aec D b M v B l o c k R e f (A e c B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) Aec D b M v B l o c k R e f (Ae c B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) ELE C T R I C A L P A N E L DN STA I R U P CON D . UNI T UP UP UP 9'- 1 " 18 ' - 3 " 19 ' - 2 " DN UP DN UP AecDbSpace (AecArchBase80)AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbStair (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80)AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbCeilingGrid (AecArchBase80)AecDbCeilingGrid (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbWall (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) DN STA I R U P UP UP UP NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 The Graduate EXISTING - GROUND FLOOR DIAGRAM Montgomery Ward renovation 1929 Montgomery Ward 1929 construction Sears, Roebuck, & Co. 1929 construction removeremove removeremoveremove re m o v e retainretain retainretainretain re t a i n Sears, Roebuck, & Co. renovation 1929 New Building (dashed) CRESCENT BLOCK1894 COLLEGE BLOCK1883DOOLEY BLOCK1895 Opera House Block PEDESTRIAN MALL EDC 12.9.2020 packet page 20 DN UP 18' - 0 " 22' - 0 " 18' - 0 " 58' - 0 " 1'-0 " 1'-0 " AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Ae c A r c h B a s e 8 0 ) AecD b S p a c e (Aec A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b D o o r ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) Aec D b M v B l o c k R e f (A e c B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b M v B l o c k R e f (Ae c B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) AecD b W a l l ( A e c A r c h B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) AecD b M v B l o c k R e f (Aec B a s e 8 0 ) Aec D b M v B l o c k R e f (A e c B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) AecD b C e i l i n g G r i d (Ae c A r c h B a s e 8 0 ) Aec D b M v B l o c k R e f (Ae c B a s e 8 0 ) Aec D b W a l l ( A e c A r c h B a s e 8 0 ) ELE C T R I C A L P A N E L DN STA I R U P CON D . UNI T UP UP UP 9'- 1 " 18 ' - 3 " 19 ' - 2 " UP DN UP 18' - 0 " 22'- 0 " 18 ' - 0 " 58'- 0 " 1'- 0 " 1'-0 " AecDbSpace (AecArchBase80)AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbStair (AecArchBase80) AecDbWall (AecArchBase80)AecDbDoor (AecArchBase80)AecDbDoor (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbDoor (AecArchBase80) AecDbDoor (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbDoor (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80)AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbCeilingGrid (AecArchBase80)AecDbCeilingGrid (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbWall (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) UP DN UP AecDbSpace (AecArchBase80)AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbStair (AecArchBase80) AecDbWall (AecArchBase80)AecDbDoor (AecArchBase80)AecDbDoor (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbDoor (AecArchBase80) AecDbDoor (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbDoor (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80)AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbCeilingGrid (AecArchBase80)AecDbCeilingGrid (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbWall (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) SER V I N G AR E A DIN I N G ELE C T R I C A L P A N E L STAI R D O W N RAM P D O W N STAIR DOWN GIV A N N I ' S DN STAI R U P CON D . UNIT CON D . UNIT DN UP UP UP 9'- 1 " 18 ' - 3 " 19 ' - 2 " Level 01 UP DN UP 18' - 0 " 22' - 0 " 18' - 0 " 58' - 0 " 1'-0 " 1'-0 " AecDbSpace (AecArchBase80)AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbStair (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbDoor (AecArchBase80) AecDbDoor (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbDoor (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80)AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbCeilingGrid (AecArchBase80)AecDbCeilingGrid (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbWall (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) 9'- 1 " 18 ' - 3 " 19 ' - 2 " 3'- 0 " Level 01 UP 18 ' - 0 " 22 ' - 0 " 18 ' - 0 " 58 ' - 0 " 1'- 0 " 1'-0 " AecDbSpace (AecArchBase80)AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbSpace (AecArchBase80) AecDbStair (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbDoor (AecArchBase80) AecDbDoor (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbDoor (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80)AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbWall (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbMvBlockRef (AecBase80) AecDbCeilingGrid (AecArchBase80)AecDbCeilingGrid (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbWall (AecArchBase80) AecDbCeilingGrid (AecArchBase80) AecDbMvBlockRef (AecBase80) AecDbWall (AecArchBase80)AecDbWall (AecArchBase80) 9'- 1 " 18 ' - 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UNI T DN UP UP UP 9'- 1 " 18 ' - 3 " 19 ' - 2 " Level 01 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 PROPOSED - GROUND FLOOR DIAGRAM NEW BUILDING 180’x60’ The Graduate Opera House Block Martini’sBar or RetailRevivalEntry Hall RetailBar/Restaurant or Retail Restaurant CRESCENT BLOCK1894 COLLEGE BLOCK1883DOOLEY BLOCK1895 Montgomery Ward renovation 1929 Sears, Roebuck, & Co. renovation 1929 Shared Entry Shared Garden Kitchen PEDESTRIAN MALL ALLEY EDC 12.9.2020 packet page 21 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 Iowa City 41.6611 N, 91.5302 WNEW BUILDING IMPACT 150’ 110’ 49’ +/-35’ Graduate Hotel Height Max Height per FAA 0’ Dec 20 Solstice 24.9 o PED MALL | COLLEGE ST March 20 / Sept 23 Equinox 48.16 June 20 Solstice 71.7o o L01 L02 L03 L04 L05 L06 L07 L08 L09 L10 L11 CRESCENT BLOCK DOOLEY BLOCK & COLLEGE BLOCK HEIGHT NEW BUILDING PV’s RESIDENTIAL PARKING RESIDENTIAL UNITS RESIDENTIAL UNITS RESIDENTIAL UNITS RESIDENTIAL UNITS RESIDENTIAL UNITS RESIDENTIAL UNITS RESIDENTIAL UNITS RESIDENTIAL UNITS RESIDENTIAL UNITS RESIDENTIAL PARKING EDC 12.9.2020 packet page 22 NEUMANN MONSON ARCHITECTS TAILWIND | EAST COLLEGE STREET DEVELOPMENT APRIL, 2020 18.114 E COLLEGE PED MALL View from Weatherdance Plaza New building shown for massing purposes only View from across E College New building shown for massing purposes only View from intersection with S Clinton New building shown for massing purposes only NEW BUILDING S C L I N T O N S D U B U Q U E NEW BUILDING IMPACT 123 1 2 3 EDC 12.9.2020 packet page 23 EDC 12.9.2020 packet page 24 EDC 12.9.2020 packet page 25 EDC 12.9.2020 packet page 26 EDC 12.9.2020 packet page 27 EDC 12.9.2020 packet page 28 EDC 12.9.2020 packet page 29 EDC 12.9.2020 packet page 30 EDC 12.9.2020 packet page 31 Date: December 4, 2020 To: Economic Development Committee From: Wendy Ford, Economic Development Coordinator Re: Agenda item #4 Annual updates and request for continued funding from Englert Theater, Film Scene, and Riverside Theatre and the Entrepreneurial Development Center Introduction The City has provided financial support for several organizations over the years that align with stated Strategic Planning Priorities. Each year, we invite the leadership of these organizations to provide an update on their operations and offer information supporting a request for continued financing. Today you will hear from 3 non-profit arts organizations and an entrepreneurial development organization. History Fiscal Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 Proposed 2022 Englert Theater & Mission Creek + 50,000 9,000 50,000 9,000 50,000 12,500 70,000 12,500 70,000 20,000 50,000 20,000 50,000 20,000 50,000 20,000 50,000 20,000 50,000 20,000 Film Scene & ReFocus Film Festival 35,000 25,000 15,000 25,000 25,000 25,000 25,000 7,000 25,000 7,000 Riverside Theatre 30,000 25,000 20,000 $0 16,500 15,000 20,000 20,000 20,000 20,000 Entrepreneurial Development Ctr. 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 Highlights Englert Theater is requesting $50,000 for the operation of the theater and $20,000 for its signature festivals for FY22 and a request for intent to budget the same amount for FY23 and 24. The City has supported the theater since it was purchased and renovated in 2004, saving Iowa City’s last historic theater. In 2009, the City began annual assistance in the amount of $50,000. For two years, the City provided an additional $20,000 in matching grants for capital improvements. While nobody would call it serendipity, the timing of the pandemic and resultant closing of the theater was such that long-planned historic renovations could proceed without having to interrupt a full programming schedule. Construction and rehab include roof repair, interior brick work, façade and window preservation, second floor renovations and the full restoration of the iconic Englert marquee. The City’s commitment to the capital campaign for this project was $1 million and will feature the complete restoration of the marquee. The pandemic’s impact to revenues has required a reduction in staff, reduction in wages for remaining staff and other expenses, and focused the work of staff on efforts regarding Diversity, EDC 12.9.2020 packet page 32 Equity and Inclusion. The Englert strives to help Iowa City feel like a home for everyone who lives here. See Inclusion Work in the Englert report to follow. Festivals operated by the Englert have gained national attention, enhancing Iowa City’s position as a well-known creative hub of music, literary, and culinary arts. Both Mission Creek Festival and the Witching Hour have hosted thousands of people in multiple locations in and around downtown, featuring hundreds of performers, many of whom were Iowa-based. Mission Creek provides a venue for Iowa artists to be exposed to national attention and for nationally recognized artists to gain an Iowa audience while the Witching Hour, a relatively young festival, is dedicated to the creative process, exploration of the unknown and the presentation of new creative works. Between the two, the resulting coverage increases Iowa’s presence in the national scene and Iowa City as the cultural center of the upper Midwest. For the festivals, the Englert is requesting the same amount, $20,000, as recent years. There is broad support from businesses and our non-profit community, local radio stations, media and the University of Iowa. Notably, local restaurants are very strong contributors, an indicator that these festivals are good for their bottom lines. With such broad community support, a growing program and increasing notoriety the festival’s influence reaches well beyond our region. In January 2019, the EDC approved a request to fund both Englert and Mission Creek at $50,000 and $20,000 respectively for FY21 with an intent to budget the same in FY22 and 23. Film Scene, Iowa City’s own independent downtown movie theater is requesting $25,000 in funding for FY22 and requests the City budget $30,000 in FY23. Since opening in late 2013, Film Scene has become a mainstay in the arts and culture scene in Iowa City. When the corporate theaters closed years ago, an entertainment void remained at a time when alcohol consumption downtown had become problematic. Film Scene opened in a historic building that had most recently been home to one of Iowa City’s largest college bars. Film Scene is struggling through the pandemic as are all arts entities. A new film festival, ReFocus was planned to happen this past year, but was cancelled due to the pandemic. Plans are to hold the festival post pandemic and Film Scene requests that the $7,000 approved last year for the festival but never expended, be approved for FY22 if the festival can be held. In October 2019, the EDC approved a request to fund Film Scene and the new Refocus Film Festival at the requested amounts for FY21 with an intent to budget the same in FY22 and 23. Riverside Theatre (RT) is also requesting a continuation of last year’s funding amount of $20,000. The theater has been a staple of the cultural scene in Iowa City for more than 30 years. As the pandemic besieged the nation, RT had to consider a lease renewal with higher expenses at their longtime home in the Gilbert Street location and how to continue delivering live theater to its patrons. Simultaneously, the Tailwind Group presented an opportunity to become an anchor in the College Street redevelopment and plans began to take shape for a new home. Solving two problems at once, and currently “homeless” the new RT is in design development with Tailwind and virtually streaming live theater, keeping patrons safe while enjoying live theater. EDC 12.9.2020 packet page 33 For more than 30 years, the theater has offered year-round programming and a run of Shakespeare in the Park on the Festival Stage in Lower City Park since 2000. For several years, Riverside has made the outdoor Shakespeare in the Park available to all at no charge. The City has a long history of helping to ensure this cultural asset remains strong. RT will continue to offer Shakespeare outdoors on the Festival Stage for free. The free outdoor event helps to build theater audience and awareness of the theatre’s now full year of indoor productions. The public benefit of offering free theater on a public stage in lower City Park benefits parts of the community where theater is in accessible and doubles as a strategy to benefit RT’s financial stability. In January 2019, the EDC approved a request to fund Riverside Theatre at the requested amounts for FY21 and an intent to budget the same in FY22 and 23. Entrepreneurial Development Center, Inc. more familiarly known as EDC, Inc. was founded 17 years ago with a mission to improve the economic vitality of the region through the creation and growth of high-impact, scalable entrepreneurial businesses. While based in Cedar Rapids, they serve businesses on both ends of the I-380 corridor and have success stories to tell of Iowa City businesses they have helped. Their work focuses on enabling high potential businesses to grow and thrive. Curt Nelson, President and CEO, has developed a “recipe for business success” which EDC uses in guiding business growth. In the recipe, there are six ingredients: marketing, development, sales, operations, information technology and finance. EDC’s approach is to ensure that clients have the right amount of each. They gain an understanding of the client’s needs and provide expertise by building strategic networks for their clients. They are also well connected to financial resources for their clients. Entrepreneurship continues to grow in the U.S. and cities that welcome entrepreneurs stand to gain new employers, new employees and the economic benefits they bring. Iowa City has spent the last several years building a community that fosters entrepreneurs. We assisted in getting the CoLab started and have followed that with strong support of MERGE. These operations have proven critical to early stage support to some very successful, highly scalable companies. Fostering a culture of entrepreneurship takes a lot of effort from a lot of organizations -- ICAD, the UI Small Business Development Center, the City, the Chamber, regional collaborations and organizations such as EDC, Inc. to provide the support necessary to a healthy and growing entrepreneurial community. The EDC is requesting continued funding in the amount of $25,000 for FY22. Recommendation Staff recommends budgeting the requested amounts for FY22 and considering budget requests for FY23 and 24 as requested. EDC 12.9.2020 packet page 34 EDC 12.9.2020 packet page 35 EDC 12.9.2020 packet page 36 EDC 12.9.2020 packet page 37 EDC 12.9.2020 packet page 38 EDC 12.9.2020 packet page 39 EDC 12.9.2020 packet page 40 EDC 12.9.2020 packet page 41 EDC 12.9.2020 packet page 42 EDC 12.9.2020 packet page 43 EDC 12.9.2020 packet page 44 EDC 12.9.2020 packet page 45 EDC 12.9.2020 packet page 46 EDC 12.9.2020 packet page 47 EDC 12.9.2020 packet page 48 EDC 12.9.2020 packet page 49 EDC 12.9.2020 packet page 50 EDC 12.9.2020 packet page 51 EDC 12.9.2020 packet page 52 November 17, 2020 Wendy Ford Economic Development Coordinator City of Iowa City 410 E. Washington St. Iowa City, IA 52240 Dear Wendy, Thanks so much for taking the time to meet with our Managing Artistic Director, Adam Knight and me last week to discuss Riverside Theatre’s operations and needs in the coming season. We would like to request that the City consider $20,000 in funding for Riverside Theatre for its FY 2022 budget. This support will help sustain Riverside Theatre through its full-year season in a new location in addition to providing financial cornerstone for an expanded Free Shakespeare in Lower City Park. Riverside Theatre remains committed to increasing diversity and gender parity through not only representation onstage but the voices and stories we share. It is our fervent belief that accessible, inclusive theatre is an example of what makes Iowa City a vibrant and livable community. The attached pages briefly describe our current and upcoming plans. Thank you for facilitating this request. We’re grateful for the City’s longtime support of Riverside Theatre. If you have any questions or would like to meet again to review specifics, please don’t hesitate to let us know. Sincerely, Kate Markham Development Director Riverside Theatre 308 E Burlington St. #304 Iowa City, IA 52240 Admin Office: (319) 887-1360 info@riversidetheatre.org ***.riversidetheatre.org EDC 12.9.2020 packet page 53 EDC 12.9.2020 packet page 54 EDC 12.9.2020 packet page 55 EDC 12.9.2020 packet page 56 EDC 12.9.2020 packet page 57 EDC 12.9.2020 packet page 58 EDC 12.9.2020 packet page 59 EDC 12.9.2020 packet page 60 EDC 12.9.2020 packet page 61 EDC 12.9.2020 packet page 62 EDC 12.9.2020 packet page 63 EDC 12.9.2020 packet page 64 EDC 12.9.2020 packet page 65 EDC 12.9.2020 packet page 66 EDC 12.9.2020 packet page 67 EDC 12.9.2020 packet page 68 EDC 12.9.2020 packet page 69 EDC 12.9.2020 packet page 70 EDC 12.9.2020 packet page 71 EDC 12.9.2020 packet page 72 EDC 12.9.2020 packet page 73 EDC 12.9.2020 packet page 74 EDC 12.9.2020 packet page 75 EDC 12.9.2020 packet page 76 EDC 12.9.2020 packet page 77 EDC 12.9.2020 packet page 78 EDC 12.9.2020 packet page 79 EDC 12.9.2020 packet page 80 EDC 12.9.2020 packet page 81 Iowa City Small Business Resource Program Small business assistance for income eligible businesses with five or fewer owners and employees Small business assistance provided • The Small Business Resource Program (SBRP) will provide loans up to $10,000 with 0% interest for up to 60 months. The loan must be at least equally matched with a business loan or cash on hand to invest in the business. For example, if approved for a $9,000 SBRP loan, the applicant must either obtain a business loan for at least $9,000 or have cash on hand to invest $9,000 into their business. • Minimum SBRP loan amount is $5,000. • With loan approval, applicants will be awarded up to $5,000 in reimbursable grant funds for tech- nical assistance with website development, payroll services and/or accounting and tax services. How to qualify • Business must be located in Iowa City. If a home based business, the home must be located in Iowa City. • The owner(s) must be income eligi- ble. Income is based on income from all adult members of the household. HouseholdSize Effective 7/1/2020 Income Limit 1 $54,950 2 $62,800 3 $70,650 4 $78,500 For more information, email neighborhoods@iowa-city.org or call 319-356-5230. Apply online Interested businesses may apply at icgov.org/financialassistance. City of Iowa City 410 E Washington St.Iowa City, IA 52240 EDC 12.9.2020 packet page 82 Date: November 23, 2020 To: City Council Economic Development Committee From: Tracy Hightshoe, Neighborhood and Development Services Director Wendy Ford, Economic Development Coordinator Re: Building Change Program In FY13 the City initiated the Building Change Program as a redevelopment strategy in the Downtown District to assist property and business owners rehabilitate the commercial facades of their properties to create a positive visual impact, stimulate private investment and complement other economic development efforts. The program also assisted with other Council goals such as preserving and reinvesting in historic structures, improving energy efficiency, supporting our Climate Action efforts and increasing property values. The funds were targeted for façade improvements, accessibility, safety and energy efficiency improvements. The City provided grants from 30-50% for improvements as well as partnered with Hills Bank & Trust, MidWestOne Bank and GreenState Credit Union to provide 0% interest loans for eligible projects. These programs assisted 20 properties in the Downtown District, generating a reinvestment of over $1.45 million in our older, downtown commercial properties. The total investment was even greater as many of the projects also made significant improvements to the building or its interior outside of the grant’s scope, such as Target and the Grossix building. City general funds and Community Development Block Grant funds provided $413,025 in grants and $67,870 in 0% interest loans were made available through our community lending partners. All loans are repaid, and all projects completed. The City has used façade grants to encourage reinvestment in other Iowa City neighborhoods as well. A redevelopment strategy for the Towncrest neighborhood was developed in 2013 that included a façade grant program that assisted four properties. Incentives also included a new streetscape and financial assistance to develop new medical offices and a Low-Income Housing Tax Credit Project for senior housing. In addition, the City has provided two façade grants in Riverfront Crossings. In the near future, the City Council will be reviewing a pending proposal for a tax abatement area along Highways 1 & 6 that could provide similar opportunities for property owners and businesses along these corridors. There is no additional funding for the Building Change Program currently. A table highlighting the projects and investments is below for your review as well as some of the photos highlighting the before and after photos of the projects. EDC 12.9.2020 packet page 83 Year Grant type Project Grant Total project costs FY13 40% grant 138 S. Clinton St. (Active Endeavors)16,000.00$ 40,000.00$ FY13 40% grant 118 E. Washington St. (Bo James)39,940.00$ 99,850.00$ FY13 40% grant 215 E. Washington St. (Quintons)27,733.00$ 69,332.00$ FY13 30% grant 30 S. Clinton St. (Grossix Building)43,629.00$ 145,430.00$ FY13 30% grant 32 S. Clinton St. (Pancheros)19,857.00$ 66,190.00$ FY13 30% grant 218 E. Washington St. (Chait Galleries)8,028.00$ 26,760.00$ FY13 30% grant 13 S. Linn St. (Yacht Club)12,930.00$ 43,100.00$ 168,117.00$ 490,662.00$ FY14 40% grant 127 Iowa Ave. (Former Atlas Restaurant)47,502.00$ 118,755.00$ FY14 Subtotal 47,502.00$ 118,755.00$ FY15 30% grant 132 E. Washington St. (Former Cold Stone Bldg)17,100.00$ 57,000.00$ FY15 30% grant 12 S. Dubuque St. (Sports Column)12,690.00$ 42,300.00$ FY15 30% grant 127 E. College St. (Martinis)23,705.00$ 79,017.00$ FY15 30% grant 132 S. Clinton St. (Yotopia)3,581.40$ 11,937.00$ FY15 30% grant 22 S. Clinton St. (Airliner/Austin Burke)19,647.00$ 65,490.00$ FY15 Subtotal 76,723.40$ 255,744.00$ FY20 50% grant 16 S. Clinton St. (MacDonald Optical)20,683.00$ 250,000.00$ FY20 50% grant 113 E. Washington St.* (Target)80,375.00$ 160,750.00$ FY20 50% grant 119-123 E. Washington* (Kresge Bldg -3 store fronts)19,625.00$ 40,000.00$ FY15 Subtotal 120,683.00$ 450,750.00$ * These 2 projects were approved to split $100K between them; uneven split approved. GRAND TOTALS 413,025.40$ 1,315,911.00$ 2/17/2015 0% Int 111 S. Dubuque St. (Former Forbidden Planet) 3,604.00$ 7,208.00$ 12/1/2014 0% Int 206 N. Linn St. (Oasis Falafel) 4,265.75$ 8,531.50$ 11/28/2015 0% Int 112 E. Washington St. (Former Whitey's bldg) 30,000.00$ 60,000.00$ 12/16/2015 0% Int 225 S. Linn St. (Bread Garden)30,000.00$ 60,000.00$ Loan Total 67,869.75$ 135,739.50$ Combined Total 480,895.15$ 1,451,650.50$ Building Change Grant Summary Building Change Loan Summary (Partnership with Hills, MidWestOne & GreenState) EDC 12.9.2020 packet page 84 Project Highlights Bo James Building Before After Target Building Before After Active Endeavors – Energy Efficiency Project Pancheros After EDC 12.9.2020 packet page 85