1

Welcome to theState of the City

Address

2

 The City of Bettendorf is the PREMIER CITY in which to live!

The City of Bettendorf is the most livable community, with rich educational, cultural, and

recreational opportunities where we enjoy a vibrant riverfront and a growing,

competitive business environment.

Vision

3

• Community listening sessions• Bettendorf Development

Corporation/UNI• Citizen Survey with national

benchmarks• Bettendorf 101: City Citizen

Academy• Open communication between city

government and community• Annual goal setting with city

council, department heads, and staff

How We Get There

4

•  Financially sound city providing quality city services

• Orderly growth and quality development

• Growing current businesses and attracting new businesses

• Riverfront/Downtown Development-destination for entertainment and living

• Premier Place to live in the Quad Cities

Goals

5

Goal 1Financially Sound City

Providing Quality City Services

6

  “The assignment of the City’s Aa1 rating reflects the city’s sound financial operations supported by healthy reserves and significant revenue flexibility”.

 

“The city’s financial operations are expected to remain sound given prudent fiscal management practices, the presence of healthy reserves, significant flexibility to adjust tax levies and raise additional revenue and continued stability within the city’s tax base and regional economy”.

Quotes from Moody’s Investors Service April 2013 –

7

FY 2014/15 Budget

“Stays the course” and “follows the financial plan” we established several years ago and continues our history of:

• Conservative spending• Maintaining healthy cash reserves• Strong fiscal planning and adherence to

fiscal policies

We continue to realize:• Stable revenue streams • Significant levy growth available under

$8.10 and ability to implement benefit levies.

8

Budget Highlights - FY 2014/15 Budget:

• Bettendorf is one of a few Iowa cities with a General Fund levy below $8.10. This allows for future growth capacity of 48%, equating to nearly $5 million of potential property taxes.

• In addition, the City has the ability to levy taxes for:

– IPERS & FICA ($1.54 million)

– Emergency levy of $0.27 if needed. ($504,000)

FY 13/14 FY 14/15

General Fund $7.55 $5.44

Health Insurance 0 1.09

Liability Insurance 0 0.26

Police & Fire Pension 0 0.76

Debt Service $5.00 $5.00

Levy Rate $12.55 $12.55

Maintain the City’s Levy Rate at $12.55

Taxes Current Year

CensusTaxable Value for

FY 13/14Taxable Value

per CapitaFY 13/14

Total Levy

FY 13/14 General

Fund LevyAltoona 14,541 530,352,184 36,473 9.14369 8.10000Urbandale 39,463 2,358,943,270 59,776 * 9.57000 7.12000Clive 15,447 1,168,535,269 75,648 * 9.98809 7.16982Pella 10,352 424,909,734 41,046 10.15104 7.96281Ames 58,965 2,325,969,651 39,447 10.85779 5.83418Dubuque 57,637 2,171,073,899 37,668 11.02586 8.10000North Liberty 13,374 544,158,125 40,688 11.03264 8.10000Johnston 17,278 1,098,210,845 63,561 * 11.15007 7.57474Spencer 11,233 418,997,002 37,301 11.83087 8.10000Cedar Falls 39,260 1,629,962,871 41,517 12.02123 8.10000Ankeny 45,582 2,139,253,981 46,932 12.02746 7.03301West Des Moines 56,609 3,923,658,149 69,312 * 12.05000 8.10000Bettendorf (FY 14/15 Levies) 33,217 1,858,056,843 55,937 12.55000 5.44000Carroll 10,103 413,003,607 40,879 12.90456 8.10000Waukee 13,790 540,750,146 39,213 13.50000 8.10000Coralville 18,907 844,374,100 44,659 13.52770 8.10000Storm Lake 10,600 285,648,465 26,948 13.55986 8.10000Fort Madison 11,051 253,219,772 22,914 14.88562 8.10000Newton 15,254 450,868,397 29,557 15.14762 8.10000Cedar Rapids 126,326 5,753,190,892 45,542 15.21621 8.10000Muscatine 22,886 798,621,557 34,896 15.67209 8.10000Burlington 25,663 665,354,977 25,927 15.80427 8.10000Keokuk 10,780 305,613,627 28,350 15.90039 8.10000Sioux City 82,684 2,274,551,959 27,509 16.24791 8.10000Davenport 99,685 4,012,995,573 40,257 16.78000 8.10000Iowa City 67,862 3,020,306,824 44,507 16.80522 8.10000Des Moines 203,433 6,595,509,088 32,421 16.92001 8.10000Waterloo 68,406 2,343,242,271 34,255 17.49319 8.10000Council Bluffs 62,230 2,382,385,522 38,284 17.75000 8.10000Ottumwa 25,023 630,134,013 25,182 20.30368 8.10000Average of 30 Cities 1,738,728,420 40,887 13.7272 7.8145*Source: Iowa Department of Management - Local Budget Division

Our sample of 30 Iowa Cities with populations > 10,000 in order by Total Levy Rate

How We Compare to Other Cities?

Annual Impact of Taxes & Fee Changes

ResidentialMedian Value:

$165,260

Small BusinessValue: $500,000

City’s Portion of Property Tax

+$32.82(2.68% avg. increase)

-$313.75(2.87% avg. decrease)

Sewer Fees$2.28 per unit ($0.20 increase)

+$17.60(22 units/quarter)

+$45.60(57 units/quarter)

Storm Water Fees $3.05 per ERU ($0.35 increase)

+$4.20(1.00 ERU/month)

+$51.87(12.35 ERU/month)

Solid Waste Fees $13.52 per month (3% increase)(Based on 65 gal. Cart)

+$4.68 NA

Total Increase +$59.30(+$4.94 per Month)

-$216.28(-$18.02 per month)

Total Annual Cost of Services in FY 14/15

$1,490 $6,956

FY 14/15 Budget

City, School District, Tax RateBettendorf Median

Residential Assessed Value of $165,260

Commercial Assessed Value of

$500,000

City of Bettendorf, Bettendorf School District, $34.60092 per $1,000 value $2,852 $17,300

City of Davenport, Davenport School District, $41.04252 per $1,000 value $3,383 $20,521

City of Moline, School District #40, Moline Township code #8, $9.0085 per $100 value $4,512 $15,014

City of Rock Island, School District #41, South Rock Island township code #9,

$9.7861 per $100 value$4,902 $16,310

Quad Cities Property Tax Comparison CURRENT YEARFor January 1, 2012 Assessed Valuations (taxable in FY 13/14)Iowa: Rollback on residential property: 52.8166%

Rollback on commercial property: 100%Homestead exemption on residential property: $4,850 subtracted from taxable value

Illinois: Residential property assessed at 1/3 total value. Commercial property assessed at 1/3 total value.

Homestead exemption on residential property, up to $5,000 subtracted from 1/3 assessed value.Township codes include taxes for the county, township, city, airport authority, Blackhawk College and Metro

transit.

FY 13/14 Cost of City Services & Utilities for Typical $165.260 Residence

Goal 2Orderly Growth and Quality Development

Community Improvement Program

2014/15 Construction Season: $15.4 million

$3 million

Forest Grove Rd Paving – Eagle Ridge to International & Rec. Trail

$1.85 million

Hopewell Ave Paving – Middle to 18th Addition & Rec. Trail

$1.55 million

Utica Ridge Road: Spruce Hills to Tanglefoot Lane – 5 Lane

$1.4 million

Recreation Trails including: Crow Creek & Highway 67 to City Limits

$1.2 million

Street Reconstruction Program: Summit Hills, Olympia, Shadowbrook, Central & Halcyon

$1 million

Bridge Maintenance Program: Devils Glen at Spencer Creek

$900,000 18th Street: Avalon to Spruce Hills & St. Johns to Crow Creek Rd.

$850,000 Downtown Improvements$725,000 Full Depth Patching Program

Community Improvement Program

$600,000 Street Resurfacing Program

$575,000 Parks Projects: Facilities study, playgrounds, roadways, dredging, etc.

$420,000 Roundabout – Middle Rd. & Crow Creek

$320,000 Forest Grove Sealcoat Replacement – Utica Ridge to Eagle Ridge

$300,000 Spruce Hills: Woodland to Avalon$275,000 Sidewalk Program$192,000 Various Traffic projects$160,000 Rural Road Sealcoating Program

$150,000 Various city-wide projects including Library space remodel

$100,000 Pavement Preservation Program

2014/15 Construction Season: $15.4 million

5-year Storm Water Plan: $3.96 million

$850,000 Stafford Creek Bank Stabilization 18th to Crow Creek Rd., Tanglefoot – Maplecrest

$825,000 Small storm sewers, sewer linings, intake repair$664,000 Small storm water projects and engineering $485,000 Hopewell Creek detention at school$400,000 Middle Rd. – Stafford Creek Culvert

$275,000 Greenway Creek stabilization, Tanglefoot Terrace to Golden Valley Dr.

$200,000 Duck Creek stabilization phase VI$150,000 Blackbird Creek bank stabilization$115,000 West Pigeon Creek bank stabilization

(assumes hiring 2 FTEs):

17

5-year Sewer Utility Plan: $7.5 million

$2.5 million Joint sewer improvements with Davenport

$1.8 million I-80 interceptor sewer: Spencer Creek tunneling

$1.6 million

Chimney seals, manhole rehab, sewer televising, pipe lining, etc.

$1 million

State and Grant sewer improvements in conjunction with I-74 project

$635,000 Various sewer improvements and engineering

18

Goal 3Growing Current

Businesses and Attracting New

Businesses

19

Building Permit History

Summary of Building Permits Issued by the City of Bettendorf

CalendarYear Number Value Number Value2013 3,500 $64,197,951 (1) 168 $41,651,6862012 3,416 $69,120,944 (2) 145 $36,595,1052011 3,294 $81,802,346 108 $34,107,9432010 2,951 $58,148,406 115 $28,361,9802009 2,700 $58,504,974 77 $21,057,1982008 3,095 $43,946,075 96 $24,200,9962007 3,420 $78,686,737 134 $37,831,5732006 3,680 $100,236,047 (3) 154 $34,873,9282005 3,717 $66,134,674 194 $41,928,3192004 3,397 $68,651,169 146 $30,265,1512003 3,247 $57,729,471 120 $25,087,0802002 2,980 $71,998,617 85 $19,495,4812001 3,392 $40,678,917 144 $26,184,0822000 3,487 $45,339,525 143 $24,158,5461999 3,740 $44,998,573 158 $26,947,091

(1) Taxes on value of permits issued in 2013 w ill be collectible in FY 15/16.

(2) Taxes on value of permits issued in 2012 w ill be collectible in FY 14/15.

(3) The signif icant increase in value of total permits from 2005 to 2006 w as due to construction of the Isle of Capri Hotel; the Clarissa Cook Hospice House; the ORA Medical Facility; the Glen shopping center; Hy-Vee grocery store; Logan Contractor Supply building; Armstrong Elementary School; the Crow Ridge Plaza retail facility; The Fountains Senior Living complex; and Southeast National Bank

All PermitsNew Single-Family Attached &

Detached Homes

20

Shoppes at Duck Creek

Recently valued at $4 million prior to redevelopment. Now complete with city assistance, value should reach $12 million.

HomeRidge Inn and Suites has been demolished. Former hotel valued at $2.3 million. The new Hilton Garden Inn is being constructed in its place at cost of $9.25 million.

21

Learning Campus/Cumberland Square

Family Museum just completed its first major renovation since the original construction in 1998. Attendance prior to renovation was approximately 105,000 per year. After phase 1 attendance was 124,000, and after phase 2, attendance was approximately 166,000 per year. Library is beginning to wrap up this year’s interior upgrade. Phase 2 will begin soon.Cumberland Square recently completed its exterior upgrade.

22

Utica Ridge Corridor

• New Rock Island Arsenal Credit Union• LEDs America• Utica Ridge Road paved this year, five lane facility

• Phase II of Tanglefoot Lane conversion of a two lane with center turn lane and separate trail is now complete

• The Lodge expected to be converted into a Hilton Double Tree Hotel

23

Other Development

• Conversion of former Eagles Country Market at Devils Glen Road and Middle Road into ColoHub, a $20 million state of the art data center by Geneseo Communications.

• Developing a long range economic development plan utilizing the University of Northern Iowa – Institute of Decision Making as our facilitator.

24

Other Development

• Downtown and I-80/Middle Road are two top priorities for growth.

• Working with a private developer on the construction of a industrial spec building measuring 60,000 square feet.

• First subdivision supplied with FTTH

(fiber to the home) in Beaver Meadows Development on 53rd Avenue.

Forest Grove Park Information

29

Educated WorkforceCollege Graduate Percentage

30

Money to Spend

31

Goal 4Riverfront and

Downtown DevelopmentDestination for Entertainment

and Living

I-74 Bridge and Corridor Project

2013 Iowa Department of Transportation purchases all 38 full/partial properties

2014 Utilities will be relocated including sewer, storm water,

sanitary, fiber optic, and phone

2015 State Street & Grant Street will be reconfigured

2017/18 Physical construction of the middle section of the

span

34

Downtown Streetscape Master Plan

35

Goal 5Premier Place to Live

in the Quad Cities

36

Premier Place to Live

37

Premier Place to Live

38

Premier Place to Live

39

Awards and Achievements

• ICMA Center for Performance Measurement's Certificate of Distinction 2013

• NerdWallet Ranks Bettendorf Among Best Towns in Iowa for Young Families 2013

• 2013 GFOA’s Distinguished Budget Presentation Award

• Public Works Receives APWA 2014 Excellence in Snow & Ice Control Award

 ICMA Center for Performance Measurement™ (CPM). Bettendorf is among eight jurisdictions receiving the honor this year.

40

Questions and

Answers