HomeMy WebLinkAbout2011-1096-11/21/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1096
RESOLUTION AUTHORIZING CERTIFICATION TO THE
COUNTY AUDITOR THE CITY'S EXPENDITURES THAT
QUALIFY FOR REIMBURSEMENT FROM THE TAX
INCREMENT FUND IN THE CATTLE CONGRESS TAX
INCREMENT DISTRICT.
WHEREAS, the Code of Iowa allows the City to collect taxes
within a certain geographical district to be deposited in a "Tax
Increment Financing Fund", and
WHEREAS, certification of the City's expenditures within
said district must be made to the County Auditor on a yearly
basis.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the City Clerk be instructed to
certify to the County Auditor all expenditures of the City that
qualify for reimbursement from the Tax Increment Fund in the
Cattle Congress Tax Increment District, as indicated in attached
Exhibit "A and Exhibit "B", be and the same are hereby approved.
PASSED AND ADOPTED this 21St day of November, 2011.
ATTEST:
-2—eeJe 7Me,/
Ernest G. Clark, Mayor
Suzy Schalres, CMC
City Cle k
Exhibit "A
June 30, 2011
Project Designation: Cattle Congress Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
NO.
DATE OF
ISSUANCE OR
EXPENDITURE
SOURCE
DESCRIPTION OF INDEBTNESS
Cumulative
Amount
FY2004
$0.00
$0.00
AMOUNT
FY2005
INCURRED
$0.00
FY2004
FY2006
$0.00
$0.00
4
FY2007
$0.00
FY2005
5
FY2008
$0.00
$0.00
6
$0.00
FY2006
$0.00
7
FY2010
$0.00
$0.00
$0.00
FY2007
$0.00
$0.00
$0.00
FY2008
$0.00
FY2009
$0.00
FY2010
$0.00
EXHIBIT "B"
June 30, 2011
Project Designation: Cattle Congress Tax Increment Redevelopmen
Schedule 2
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
No.
Year Received
Received from
Amount
1
FY2004
$0.00
$0.00
2
FY2005
$0.00
$0.00
3
FY2006
$0.00
$0.00
4
FY2007
$0.00
$0.00
5
FY2008
$0.00
$0.00
6
FY2009
$0.00
$0.00
7
FY2010
$0.00
$0.00
8
FY2011*
$0.00
$0.00
- tstimate