- 4. To provide a more marketable and attractive investment climate.
H. TYPE OF RENEWAL ACTIVITIES
To meet the objectives of this Urban Renewal Plan and to encourage the development of the Urban Renewal Area, the City intends to utilize the powers conferred under Chapter 403 and Chapter 15A, Code of Iowa including, but not limited to, tax increment financing. Activities may include:
- To undertake and carry out urban renewal projects through the execution of contracts and other instruments.
- To make loans, grants, or rebates to private persons to promote housing projects on such terms as may be determined by the City Council.
- To borrow money and to provide security therefor.
- To make or have made surveys and plans necessary for the implementation of the urban renewal program or specific urban renewal projects.
- To use tax increment financing for a number of objectives, including but not limited to, achieving a more marketable and competitive land offering price and providing for necessary physical improvements and infrastructure.
- To use any or all other powers granted by the Urban Renewal Act to develop and provide for improved economic conditions for the City of Dubuque and the State of Iowa.
Nothing herein shall be construed as a limitation on the power of the City to exercise any lawful power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter 427B, or any other provision of the Code of Iowa in furtherance of the objectives of this Urban Renewal Plan.
I. PROPOSED PROJECT
The first proposed urban renewal project involves the construction of three multi-family apartment buildings each containing 14 units for a total of 42 residential rental units. The City does not anticipate financial participation under Chapter 403 at this time.