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HomeMy WebLinkAbout1-8-25 EDC Agenda PacketCity Council Economic Development Committee Wednesday, January 8, 2025 8:30 A.M. Emma J. Harvat Hall City Hall, 410 E. Washington AGENDA 1. Call to order 2. Consider minutes of the October 16, 2024 Economic Development Committee Meeting 3. Review of 2025 Building Permit Statistics 4. Staff Updates 5. Old or New Business 6. Adjournment If you will need disability-related accommodations in order to participate in this program/event, please contact Chris O’Brien, Deputy City Manager at 319-356-5010 or COBrien@iowa-city.org. Early requests are strongly encouraged to allow sufficient time to meet your access needs. DRAFT - p.1 Council EDC, 10/16/24 Minutes City Council Economic Development Committee October 16, 2024 Emma J. Harvat Hall City Council Economic Development Committee Members Present: Josh Moe, Andrew Dunn Members Absent: Laura Bergus Staff Present: Geoff Fruin, Rachel Kilburg Varley, Eric Goers Others Present: Curt Nelson (EDC, Inc.), Tracy Jon Sargent (MDC Iowa), John Kenyon (City of Literature), Eric Johnson (Summer of the Arts), Andrew Sherburne (FilmScene), John Englebrecht (Public Space One), John Schickedanz (Englert), Adam Knight (Riverside Theatre) Call to Order Councilor Moe called the meeting to order at 8:30 a.m. Consider approval of minutes from the August 16, 2024 Economic Development Committee meeting Dunn moved, Moe seconded a motion to approve amended minutes of the August 16, 2024 meeting. Motion passed (2-0). Review FY26 funding requests from Business Development and Arts & Culture Organi- zations Kilburg Varley referenced the staff cover memo included in the agenda packet and began by reviewing the history of these funding requests and the FY26 requests submitted by each organization. It was noted that the arts and culture organizations had also submitted a joint letter this year expressing the need for increased funding a desire to meaningfully discuss a path to increased funding support. Additionally, Public Space One submitted a request for $25,000 for the first time. Next, Fruin provided an update on the current budgetary environment and shared that, due to these factors, staff were unable to make a funding recommendation and advise waiting until after impactful factors are known such as state rollback rates, final taxable valuations, and upcoming collective bargaining settlements. Staff also expressed appreciation for the role each organization plays in contributing to the local economy. EDC members reiterated support and appreciation for the work these organizations do and invited public comment from those in attendance. Curt Nelson, EDC Inc., shared information about the capital leveraged through their investments and responded to Councilor Moe’s question about specific organizations they assist who are located in Iowa City. John Kenyon, DRAFT - p.2 Council EDC, 10/16/24 City of Literature, reiterated the importance of the economic impact that each of the arts organizations play in Iowa City, acknowledged the City’s budget challenges, and indicated a desire to have meaningful discussion over the next year about how increased funding support could be achieved among the arts organizations. Angie Jordan, a member of the public, commented on the funding process and encouraged more inclusivity in the process. Andrew Sherburne, FilmScene, shared a statement communicating the importance that arts & culture play in the economy, livability, and quality of life in Iowa City and the need to recognize and intentionally support that. John Englebrecht, Public Space One, provided background on their organization and their reason for submitting a funding request. Eric Johnson, Summer of the Arts, noted that when considering the funding requests, it should be noted that many of the organizations aim to provide free programming and promote access to the arts, which is an important aspect of economic development. Councilors Moe and Dunn thanked everyone for their comments and reiterated their support and appreciation for each of the organizations and agreed with staff’s encouragement to wait on a funding recommendation until additional budgetary factors are known. Set recuring EDC meeting time (quarterly) The Committee established the first Wednesday of the quarter (January, April, July, and October) at 8:30 a.m. as the standard recurring meeting time. Old or New Business None. Adjournment Dunn moved, Moe seconded that the meeting be adjourned. Motion carried (2-0) DRAFT - p.3 Council EDC, 10/16/24 Council Economic Development Committee ATTENDANCE RECORD 2020-24 NAME TERM EXP. 12/09/20 10/27/21 10/19/22 11/29/22 9/25/23 7/1/24 8/12/24 8/16/24 10/16/24 Josh Moe 12/31/25 --- --- --- --- --- X X X X Andrew Dunn 12/31/25 --- --- --- --- --- X O/E X X Laura Bergus 12/31/25 --- --- X X X X X O/E O/E John Thomas 01/02/24 X X X X X --- --- --- --- Megan Alter 01/02/24 --- --- X X X --- --- --- --- Susan Mims 01/02/22 X X --- --- --- --- --- --- --- Mazahir Salih 01/02/22 O/E X --- --- --- --- --- --- --- Key: X = Present O = Absent --- = not a member O/E = Absent/Excused City of Iowa City 2024 Building Statistics Value/Type of Construction Permits Issued 2023 January February March April May June July August September October November December TOTAL New Single Family Dwellings (IRC) - $ Valuation $0 $1,050,000 $3,495,491 $2,730,491 $2,672,138 $3,025,000 $3,574,254 $4,727,276 $5,750,100 $4,630,652 $7,762,185 $2,851,906 $42,269,493 Number of Permits 0 2 6 5 6 7 13 15 16 13 23 4 110 New Duplex Dwellings (IRC) - $ Valuation $0 $0 $0 $0 $650,629 $0 $0 $0 $0 $0 $0 $0 $650,629 Number of Permits 0 0 0 0 1 0 0 0 0 0 0 0 1 New Multiple Unit Dwellings (IBC) - $ Valuation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Number of Permits 0 0 0 0 0 0 0 0 0 0 0 0 0 Number of Buildings 0 0 0 0 0 0 0 0 0 0 0 0 0 Number of Dwelling Units 0 0 0 0 0 0 0 0 0 0 0 0 0 New Commercial or Mixed Commercial Residential (IBC) - $ Valuation $0 $0 $8,176,800 $3,100,000 $1,312,500 $0 $1,500,000 $15,969,009 $0 $2,000,000 $1,600,000 $529,000 $34,187,309 Number of Permits 0 0 2 2 1 0 1 2 0 1 1 1 11 Number of Buildings 0 0 2 2 1 0 1 2 0 1 2 1 12 Number of Dwelling Units 0 0 0 0 0 0 0 1 0 0 0 0 1 New Industrial (IBC) - $ Valuation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Number of Permits 0 0 0 0 0 0 0 0 0 0 0 0 0 New Iowa City Public (IBC/IRC)(Replaces Public Works/Utilities) - $ Valuation $0 $0 $170,000 $0 $0 $0 $0 $0 $1,398,000 $384,604 $0 $0 $1,952,604 Number of Permits 0 0 1 0 0 0 0 0 1 1 0 0 3 Schools (IBC) (All new and all add/alter/repair) - $ Valuation $0 $3,535,200 $0 $70,000 $0 $0 $0 $0 $3,956,000 $0 $0 $0 $7,561,200 Number of Permits 0 1 0 1 0 0 0 0 1 0 0 0 3 Misc. Structures/Fences - $ Valuation $50,000 $0 $28,500 $0 $0 $476,000 $106,620 $200,000 $0 $25,000 $449,000 $26,000 $1,361,120 Number of Permits 2 0 1 0 0 3 2 1 0 1 1 1 12 Remodel, Residential (All add/alter/repair IRC) -$ Valuation $1,351,483 $340,899 $1,001,236 $1,104,065 $1,291,838 $1,231,466 $2,310,274 $598,747 $1,233,310 $1,903,475 $827,030 $320,711 $13,514,534 Number of Permits 21 15 29 30 31 39 31 32 24 40 28 14 334 Remodel, Commercial (All add/alter/repair IBC) - $ Valuation $103,469 $217,180 $124,909 $5,820,721 $2,285,038 $232,240 $10,394,505 $329,400 $4,744,205 $1,561,848 $788,500 $463,200 $27,065,215 Number of Permits 5 4 4 16 12 8 17 8 7 12 14 5 112 Remodel, Industrial (All add/alter/repair IBC) - $ Valuation (New Category in '22)$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Number of Permits 0 0 0 0 0 0 0 0 0 0 0 0 0 Remodel Public (Replaces Public Works) (All add/alter/repair IBC) - $ Valuation $0 $0 $0 $0 $37,000 $365,000 $0 $0 $0 $0 $0 $0 $402,000 Number of Permits 0 0 0 0 1 1 0 0 0 0 0 0 2 Residential Accessory Structures (IRC) - $ Valuation $0 $0 $244,644 $22,558 $27,000 $317,000 $326,000 $115,500 $15,000 $0 $4,000 $0 $1,071,702 Number of Permits 0 0 4 2 2 3 4 2 2 0 1 0 20 Residential Accessory Dwelling Unit (IRC) - $ Valuation $0 $0 $0 $0 $0 $0 $0 $0 $0 $409,000 $0 $0 $409,000 Number of Permits 0 0 0 0 0 0 0 0 0 3 0 0 3 TOTAL VALUE $1,504,952 $5,143,279 $13,241,580 $12,847,835 $8,276,143 $5,646,767 $18,211,653 $21,939,932 $17,096,615 $10,914,578 $11,430,715 $4,190,817 $130,444,866 TOTAL PERMITS 28 22 49 56 54 61 68 60 51 71 68 25 613 Value/Type of Construction 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TOTAL New Single Family Dwellings (IRC) - $ Valuation $34,034,338 $44,212,478 $41,430,306 $31,401,684 $26,031,899 $31,473,484 $45,678,239 $40,435,463 $25,455,164 $42,269,493 $362,422,548 Number of Permits 137 172 157 109 80 97 133 97 54 110 1,146 New Duplex Dwellings (IRC) - $ Valuation $1,020,002 $3,083,335 $1,925,000 $2,174,917 $2,018,952 $1,987,085 $1,017,858 $755,663 $1,174,796 $650,629 $15,808,237 Number of Permits 3 6 4 5 4 4 3 1 2 1 33 New Multiple Unit Dwellings (IBC) - $ Valuation $53,866,704 $75,316,735 $28,912,000 $27,384,374 $72,711,846 $8,902,818 $35,874,210 $56,390,000 $128,582,895 $0 $487,941,582 Number of Permits 12 31 22 10 13 7 12 3 7 0 117 Number of Buildings 13 30 18 7 13 7 11 3 11 0 113 Number of Dwelling Units 499 556 203 163 417 49 155 258 474 0 2,774 New Commercial or Mixed Commercial Residential (IBC) Valuation $4,800,000 $86,949,457 $29,334,500 $34,563,786 $23,600,000 $5,580,000 $7,179,000 $17,979,780 $34,187,309 $244,173,832 Number of Permits 1 4 8 6 2 1 3 10 11 46 Number of Buildings 1 2 3 3 2 1 1 10 12 35 Number of Dwelling Units 47 340 150 169 59 40 0 22 1 828 New Industrial (IBC) - $ Valuation $2,135,644 $12,298,240 $3,276,963 $871,500 $650,025 $3,876,863 $80,000 $575,000 $0 0 $23,764,235 Number of Permits 5 7 5 3 3 4 1 3 0 $0 31 New Iowa City Public (IBC/IRC)(Replaces Public Works/Utilities) - $ Valuation $7,619,000 $19,000 $12,188,084 $329,481 $1,143,000 $2,154,444 $658,100 $1,952,604 $26,063,713 Number of Permits 3 1 2 2 3 3 4 3 21 Schools (IBC) (All new and all add/alter/repair) - $ Valuation $14,000,000 $895,000 $9,529,580 $40,199,150 $7,561,200 $72,184,930 Number of Permits 1 2 12 5 3 23 Misc. Structures/Fences - $ Valuation $33,300 $262,300 $773,065 $266,523 $367,550 $658,511 $0 $71,500 $1,361,120 $3,793,869 Number of Permits 6 10 7 12 12 4 0 4 12 67 Remodel, Residential (All add/alter/repair IRC) -$ Valuation $9,924,368 $27,306,697 $24,718,177 $9,739,497 $11,550,974 $8,203,147 $7,422,576 $11,633,009 $11,211,554 $13,514,534 $135,224,533 Number of Permits 349 388 372 315 362 289 279 291 274 334 3,253 Remodel, Commercial (All add/alter/repair IBC) - $ Valuation $21,116,473 $65,780,829 $82,948,037 $62,352,227 $84,609,025 $25,947,449 $29,951,786 $21,255,670 $33,243,037 $27,065,215 $454,269,748 Number of Permits 110 144 105 129 96 113 115 103 102 112 1,129 Remodel, Industrial (All add/alter/repair IBC) - $ Valuation (New Category in '22)$1,740,100 $5,536,600 $0 $7,276,700 Number of Permits 3 3 0 6 Remodel Public (Replaces Public Works) (All add/alter/repair IBC) - $ Valuation $920,100 $38,830 $4,147,494 $8,000 $9,719,000 $402,000 $15,235,424 Number of Permits 2 2 6 1 3 2 16 Residential Accessory Structures (IRC) - $ Valuation $354,742 $858,206 $827,322 $703,049 $876,049 $1,287,816 $1,649,433 $1,067,393 $1,569,998 $1,071,702 $10,265,710 Number of Permits 17 17 28 17 26 28 27 23 25 20 228 Residential Accessory Dwelling Unit (IRC) - $ Valuation $0 $0 $0 $0 $0 $0 $0 $0 $0 $409,000 $409,000 Number of Permits 0 0 0 0 0 0 0 0 0 3 3 TOTAL VALUE $138,311,513 $388,427,023 $216,818,013 $192,814,810 $231,521,881 $87,302,173 $135,490,596 $152,715,321 $275,401,574 $130,444,806 $1,949,247,710 TOTAL PERMITS 645 794 718 618 606 550 580 543 492 613 6,159 City of Iowa City Yearly Building Statistics 2015-2024 0 50,000,000 100,000,000 150,000,000 200,000,000 250,000,000 300,000,000 350,000,000 400,000,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Building Permit Construction Value (calendar year)