The Dyersville City Council went out of its regular session and into a public hearing three times Monday to discuss three proposed development agreements that include tax-increment payments.
The first was a proposed agreement with Hall of Fame, LLC, for the property at 980 Field of Dreams Way, SW.
Jacque Rahe, executive director of the Dyersville Economic Development Corporation, said she was working on companies for the location, and that two businesses are committed. Rahe said that the new approximately 10,000-square-foot facility will look great at one of the entrances to the community, and that it sparks interest when people see construction going on. Rahe said the building would be a professional building containing five suites, with one company occupying two of them.
The agreement calls for the City to make 12 tax-increment payments at 80% of the taxable valuation of the property.
Councilmember Mike English questioned the need to go outside the city’s normal payments of 50%.
Mick Michel, city administrator, assured the council that the City is increasing its tax base by 5% each year, and cautioned them about “putting all their eggs into one basket” when it comes to what kinds of businesses it attempts to attract. He said that a diverse workforce is more desirable.
Council approved the agreement 3-1, with Jim Gibbs absent. Mike English cast the lone “no” vote.
The council unanimously approved the proposed agreement with Hackney-Ehrisman, LLC. The agreement calls for five payments at 50%. Rahe said she worked with finding the company a location in Dyersville (near Community Savings Bank), and that there is a lot of activity going on up there.
Finally, the council unanimously approved an agreement with Briley, LLC, for its business that offers dog grooming, pet care and boarding. The building will be new construction. The City will make five payments at 50%.
In other news:
• John Wandsnider, public works director, explained that a change order for $5,801 for the Westside Park Bridge was for adding conduit to the structure that would allow the addition of utilities should the need arise in the future.
• Wandsnider said a change order for $12,358 for the 3rd Street SW Bridge is for a concrete barrier that will extend the life of the bridge, and for replacement of a railing to give the bridge a more uniform appearance.