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HomeMy WebLinkAbout2011-1097-11/21/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715 Mulberry Street, Waterloo, Iowa. RESOLUTION NO. 2011-1097 RESOLUTION AUTHORIZING CERTIFICATION TO THE COUNTY AUDITOR THE CITY'S EXPENDITURES THAT QUALIFY FOR REIMBURSEMENT FROM THE TAX INCREMENT FUND IN THE DOWNTOWN WATERLOO URBAN RENEWAL AND REDEVELOPMENT 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 Downtown Waterloo Urban Renewal and Redevelopment 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: Suzy Sc . es, CM�C-<, City C1-rk Ernest G. Clark, Mayor Exhibit "A" Cumulative as of June 30, 2011 Prciject Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) NO DATE OF ISSUANCE OR EXPENDITURE SOURCE DESCRIPTION OF INDEBTEDNESS CUMULATIVE AMOUNT AMOUNT INCURRED 147 W. Park Ave. Paving Contract $273,409.61 Advance $273,409.61 91 Bridge Canopy Contract $573,433.57 Advance $846,843.18 152 Fourth Street Paving Contract $323,983.56 Advance $1,170,826.74 28 Bridge Lighting Contract $14,39640 Advance $1,185,22314 Phase I Study Contract $15,000.00 Advance $1,200,223.14 Phase II Study Contract $152,553.00 Advance $1,352,776.14 613 Water Acquisition Contract $72,500.00 Advance $1,425,276.14 UDAG #1 7/17/80 Principal $1,001,627.00 G.O. Bonds $2,426,903.14 Interest $428,749.00 G.O. Bonds $2,855,652.14 Phase III Study 12/20/80 Contract $111,000.00 Advance $2,966,652.14 UDAG #2 7/6/81 Principal $774,990.00 G.O. Bonds $3,741,642.14 Interest $422,256.23 G.O. Bonds $4,163,898.37 West Side Parking Ramp 7/15/82 Principal $4,725,000.00 G.O. Bonds $8,888,898.37 Interest $4,779,262.50 G.O. Bonds $13,668,160.87 East Side Parking Ramp 8/1/83 Principal $1,500,000.00 G.O. Bonds $15,168,160.87 Interest $1,073,981.25 G.O. Bonds $16,242,142.12 East Side Parking Facility 8/1/84 Principal $350,000.00 .O G. Bonds $16,592,142.1 Interest $325,777.00 G.O. Bonds $16,917,919.12 Conway Plaza Skywaik 8/1/84 Principal $100,000.00 G.O. Bonds $17,017,919.12 Interest $93,079.00 G.O. Bonds $17,110,998.12 East Fifth St. Parking Ramp 5/85 Principal $50,000.00 G.O. Bonds $17,160,99812 Interest $46,539.50 G.O. Bonds $17,207,537.62 Tax Redeemed Properties 5/85 Contract $5,004.49 Advance $17,212,542.11 Skywalk Feasibility Study 8/85 Contract $25,000.00 Advance $17,237,54211 317 E. 4th Longfellow Property 12/85 Contract $12,000.00 Advance $17,249,542.11 East Fifth Parking Ramp 5/86 Principal $50,000.00 G.O. Bonds $17,299,54211 Interest $37,051.09 G.O. Bonds $17,336,593.20 Ellis Hotel Demolition 8/86 Contract $15,000.00 Advance $17,351,593.20 Ellis Hotel Demolition 8/86 Contract $27,500.00 WIDA Advance $17,379,09320 Paving 6/87 400 Blk E. 4th St. 500 Blk Lafayette Principal $360,000.00 G.O. Bonds $17,739,093.20 Interest $233,134.09 G.O. Bonds $17,972,227.29 East Fifth Parking Ramp 6/87 Principal $100,000.00 G.O. Bonds $18,072,227.29 Interest $64,759.47 G.O. Bonds $18,136,986.76 Conway Refinancing Plaza Phase I Skywalk Principal $100,000.00 G.O. Bonds $18,236,986.76 6/87 Interest $64,759.47 G.O. Bonds $18,301,746.23 4th St. Bridge Covered Walkway 6/88 Contract $127,000.00 Advance $18,428,746.23 Conway Plaza Skywalk 7/88 & 7/89 Loan $132,625.00 Advance $18,561,371.23 Park Avenue Expansion Parking Ramp Principal $2,000,000.00 G.O. Bonds $20,561,371.23 Interest $1,092,565.97 G.O. Bonds $21,653,937.20 Property Waterloo acquisition for Principal $37,055.17 1996 GO Bonds $21,690,992.37 Industries 5/98 Interest $19,020.08 1996 GO Bonds $21,710,012.45 Page 1 of 7 Exhibit "A" Cumulative as of June 30, 2011 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Acquisition 5/98 Principal $37,944.83 1997 GO Bonds $21,747,957.281 Interest $18,369.06 1997 GO Bonds $21,766,326.34 Interest on Advance FY 98-00 TIF $68,160.00 Interest $21.,834,486.34 Acquisition & Demo FY 98-00 TIF $116,002.25 Contracts $21,950,488.59 Acquisitions & Demo FY 98-00 Financing Principal $647,654.75 1999 GO Bonds $22,598,143.34 Interest $421,307.99 1999 GO Bonds $23,019,451.33 Acquisitions & Demo FY 00 Financing Principal $80,602.57 2000 GO Bonds $23,100,053.90 Interest $42,108.59 2000 GO Bonds $23,142,162.45 Parking Ramp Reconstruction FY 99-00 Financing Principal $150,000.00 1998 GO Bonds $23,292,162.49 Interest $69,826.77 1998 GO Bonds $23,361,989.26 Johnson Rebate # 1 & 2 5 yrs @ 100%, 8 yrs @ 100% Principal TIF Rebate 2000 $20,934.30 $23,382,923.56 2001 $21,381.91 $23,404,305A7 2002 $34,795.88 $23,439,101.35 2003 $35,043.46 $23,474,144.81 2004 $37,174.38 $23,511,319.19 2005 $21,086.46 $23,532,405.65 2006 $22,056.54 $23,554,462.19 2007 $13,472.74 $23,567,934.93 2008 $13,871.48 $23,581,806.4 2009 $17,815.56 $23,599,621.97 GSW Rebate 5 yrs. @ 100% Principal TIF Rebate 2001 $9,747.24 $23,609,369.2 2002 $10,982.28 $23,620,351.4 2003 $10,780/9 $23,631,1322 2004 $11,732.94 $23,642,865.2 2005 $7,037.40 $23,649,902.6 Holten Rebate 5 yrs. @ 100% Principal TIF Rebate 2001 $2,388.33 $23,652,290.91 2002 $2,954.68 $23,655,245.63 2003 $2,960.08 $23,658,205.71 2004 $3,156.64 $23,661,362.35 2005 $3,881.06 $23,665,243.41 Ritter Rebate 10 yrs @ 100% or until $20,910 is pd Principal TIF Rebate 2001 $2,660.86 $23,667,904.27 2002 $2,837.28 $23,670,741.51 2003 $2,873.50 $23,673,615.0 2004 $3,031.20 $23,676,646.25 2005 $3,539.38 $23,680,185.63 2006 $3,647.56 $23,683,833.19 2007 $2,089.29 $23,685,922.48 2008 $230.93 $23,686,153.41 Lown Rebate #1 5 yrs @ 100% Principal TIF Rebate 2001 $1,417.98 $23,687,571.39 2002 $1,694.74 $23,689,266.13 2003 $722 85 $23,689,988.98 2004 $1,005.92 $23,690,994.90 2005 $2,982.84 $23,693,977.74 Page 2 of 7 Exhibit "A" Cumulative as of June 30, 2011 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Lown Rebate #2 5 yrs @ 100% Principal TIF Rebate 2001 $495.42 $23,694,473.1H 2002 $565.50 $23,695,038.66 2003 $540.89 $23,695,579.55 2004 $604.16 123,696,18371, 2005 $946.84 $23,697,130.55 Roberts Rebate 5 yrs @ 100% Principal TIF Rebate 2002? $0 $23,697,130.55 2003? $23,697,130.5 2004? $23,697,130.5 2005? $23,697,130.5 2006? $23,697,130.55 Marsh Place Rebate 10 yrs Principal TIF Rebate 85% 2003 $11,693.83 $23,708,824.3 85% 2004 $12,66838 $23,721,492.76, 85% 2005 $8,193.78 $23,729,686.5 85% 2006 $6,771.88 $23,736,458.4 85% 2007 $6,777.58 $23,743,236.0 85% 2008 $6,855.68 $23,750,091.6 85% 2009 $6,743.00 $23,756,834.68 75% 2010 $5,886.26 $23,762,720.94 60% 2011 $4,716.00 $23,767,436.94 "45% 2012 $3,504.00 $23,770,940.94 Garthoff Rebate 5 yrs @ 100% Principal TIF Rebate 2003 $0 $23,770,940.94 2004 $23,770,940.94 2005 $23,770,940.94 2006 $23,770,940.94 2007 $23,770,940.94 Ament Rebate 5 yrs @ 100% Principal TIF Rebate 2002 $1,601.89 $23,772,542.83 2003 $1,585.43 $23,774,128.26 2004 $1,711.38 $23,775,839.64 2005 $2,332.32 $23,778,171.96 2006 $2,424.79 $23,780,596.75 MIK Rebate 5 yrs @ 100% Principal TIF Rebate 2002 $6,516.00 $23,787,112.75 2003 $6,27834 $23,793,391.09 2004 $6,684.60 $23,800,075.69 2005 $8,239.50 $23,808,315.19 2006 $8,540.82 $23,816,856.01 Micou Rebate Principal TIF Rebate $23,816,856.01 100% 2006 $595.15 $23,817,451.16 100% 2007 $2,135.84 $23,819,587.00 100% 2008 $2,174.48 $23,821,761.48 100% 2009 $2,550.41 $23,824,311.89 100% 2010 $2,528.00 $23,826,839.89 Cedar Skyline Rebate TIF Rebate $23,826,839.89 Gilmor & Doyle 100%* 2003-2006 Principal $49,742.55 $23,876,582.44 Gilmor&Doyle 100%* 2007 Principal $15,292.97 $23,891,875.41 Page 3 of 7 Exhibit "A" Cumulative as of June 30, 2011 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Gilmor&Doyle 2008 Principal $16,127.59 $23,908,003.00 Landau Rebate 10 yrs @ 100% Principal TIF Rebate 2003 $13,646.60 $23,921,649.00 2004 $14,427.14 $23,936,076.74 2005 $17,025.24 $23,953,101.98 2006 $17,615.74 $23,970,717.72 2007 $20,435.62 $23,991,153.34 2008 $20,610.38 $24,011,763.7 2009 $22,243.62 $24,034,007.34 2010 $21,986.00 $24 055,993.34 2011 $22,016.00 $24,078,009.34 *2012 $21,812.00 $24,099,821.34 Orr Haffa Rebate 7 yrs @ 100% Principal TIF Rebate USA) $7,824.63 $8,612.00 $24,107,645.97 2009 $24,116,257.9- 2010 $8,516.00 $24,124,773.9 2011 $8,528.00 $24,133,301.9 *2012 $8,450.00 $24,141,751.9 *2013 $8,450.00 $24,150,201.94 x2014 $8,450.00 $24,158,651.97 Slife Rebate 8 yrs @ 100% Principal TIF Rebate 2008 $6,808.06 $24,165,460.03 2009 $6,291.58 $24 171,751.61 2010 $6,200.00 $6,210.00 $24,177,951.61 2011 $24,184,161.61, *2012 $6,152.00 $24,190,313.61 *2013 $6,152.00 124,196,465.61 *2014 $6,152.00 $24,202,617.61 *2015 $6,152.00 $24,208,769.61 Courier Rebate 10 yrs @ 100% Principal $6,740.10 TIF Rebate 2008 $24 215,509.71 2009 $9,584.16 124,225,093.87 2010 $9,446.00 $24,234,539.87 2011 $9,460.00 $9,372.00 $24,243,999.87 2012* $24,253,371.87 2013* $9,372.00 $24,262,743.87 2014* $9,372.00 $24,272,115.87 2015* $9,372.00 $24,281,487.87 2016* $9,372.00 $24,290,859.87 2017* $9,372.00 $24,300,231.87 NCN Ltd.Rebate 7 yrs @ 100% Principal TIF Rebate 2008 $0.00 $24,300,231.87 2009 $26,230.70 $24,326,462.57 2010 $23,408.00 $24,349,870.57 2011 $28,218.00 $24,378,088.57 2012* $31,734.00 $24,409,822.57 2013* $31,734.00 $24,441,556.57 2014* $31,734.00 $24,473,290.57 2015* $23,006.00 $24,496,296.57 Hollen II Rebate 5 yrs. ©100% Principal TIF Rebate 2007 $1,793.46 $24 498,090.03 2008 $1,855.44 $24,499,945.47 2009 $2,470.00 $24,502,415.47 Page 4 of 7 Exhibit "A" Cumulative as of June 30, 2011 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) 2010 $2,456.00 $24,504,871.47' 2011 $2,456.00 $24,507,327.47 CN Bank -3rd Floor 10 yrs. @ 100% Principal 11F Rebate 2009 $16,126.00 $24,523,453.47 _ 2010 $16,062.00 $24,539,515.47 2011 $16,084.00 $24,555,599.47 2012* $15,934.00 $24,571,533.47 2013* $15,934.00 $24,587,467.47 2014* $15,934.00 $24,603,401.47 2015* $15,934.00 $24,619,335.47 2016* $15,934.00 $24,635,269.47 201T $15,934.00 $24,651,203.47 2018* $15,934.00 $24,667,137.47 JSA Development 5 yrs. @ 100% Principal TIF Rebate $24,667,137.47 2009 $6,146.00 $24,673,283.47 2010 $3,044.00 $24,676,327.47 2011 $9,140.00 $24,685,467.47 2012* $6,040.00 $24691,507.47 2013* $6,040.00 $24,697,547.47 Jackie Rosic 5 yrs. @ 100% Principal TIF Rebate $24,697,547.47 2009 $4,149.00 $24,701,696.47 2010 $4,166.00 $24,705,862.47 2011 $4,172.00 $24,710,034.47 2012' $4,132.00 $24,714,166.47 2013* $4,132.00 $24,718,298.47 Downtown Redevelopment 6/01 Principal $307,500.00 2001 GO Bonds $25,025,798.47 Interest $145,177.00 2001 GO Bonds $25,170,975.47 SSMID Taxes Principal $66,512.46 Contract $25,237,487.93 Downtown St. RISE Match Fund 413 Principal $150,000.00 2003 GO Bonds $25,387,487.93 Interest $32,912.00 2003 GO Bonds $25,420,399.93 US 63 Study Fund 411 Principal $50,000.00 2001 GO Bonds $25,470,399.93 Interest $23,446.50 2001 GO Bonds $25,493,846.43 Windows on Waterloo V Fund 412 Principal $11,002.00 2002 GO Bonds $25,504,848.43 Interest $7,674.00 2002 GO Bonds $25,512,522.43 Downtown Redevelopment Fund 413 Principal $200,000.00 2003 GO Bonds $25,712,522.43 Interest $47,888.00 2003 GO Bonds $25,760,410.43 Downtown Redevelopment Fund 413 Principal $55,358.07 2003 GO Bonds $25,815,768.50 Interest $14,490.00 2003 GO Bonds $25,830,258.50 Downtown Redevelopment Fund 413 Principal $78,114.59 2003 GO Bonds $25,908,373.09 Interest $18,707.00 2003 GO Bonds $25,927,080.05 Downtown Street Lighting Fund 414 Principal $40,000.00 2004 GO Bonds $25,967,080.05 Interest $13,450.00 2004 GO Bonds $25,980,530.05 Main Street 2004 Principal $30,000.00 Contract $26,010,530.c0, SSMID 2003 Principal $56,641.16 Contract $26,067,171.25 SSMID 2004 Principal $896.59 Contract $26,068,067.84 Main Street 2005 Principal $30,000.00 Contract $26,098,067.84 Downtown Acquisition Fund Principal $1.40,000.00 2004 GO Bonds $26,238,067.84 414 (taxable) Interest $71,380.00 2004 GO Bonds $26,309,447.84 Vandewalle Contract Fund Principal $60,000.00 2004 GO Bonds $26,369,447.84 414 Interest $23,225.36 2004 GO Bonds $26,392,673.2C Downtown Redevelopment Principal $215,000.00 2004 GO Bonds $26,607,673.2C. Page 5 of 7 Exhibit "A" Cumulative as of June 30, 2011 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Fund 414 Interest $80,212.62 2004 GO Bonds $26,687,885.821 Downtown Street Lighting Fund 414 Principal $10,000.00 2004 GO Bonds $26,697,885.82 Interest $3,965.36 2004 GO Bonds $26,701,851.18 Main Street 2006 Principal $30 000.00 Contract $26,731,85118 Downtown Acquisition Fund 414 Principal $150,000.00 2004 GO Bonds $26,881,851.18 Interest $53,362.50 2004 GO Bonds $26,935,213.68 Downtown Acquisition Fund 415 Principal $850,000.00 2005 GO Bonds $27,785,213.68 Interest $282,397.50 2005 GO Bonds $28,067,611.18 Downtown Dev Fund 406 tax exempt Principal $100 000.00 2006 GO Bonds $28,167,61115 Interest $40,915.00 2006 GO Bonds $28,208,526.181 WDC Properties I Acquisition ontract Principal $240,000.00 Advance $28,448,526.18 Interest $24,330.00 Advance $28,472,856.18 Downtown Dev. Fund 406 tax exempt Principal $500,000.00 2006 GO Bonds $28,972,856.18 Interest $194,662.60 2006 GO Bonds $29,167,518.78 Downtown Property Acq. Principal $546,079.28 Advance $29,713,598.06 Main Street 2007 Principal $30,000.00 Contract $29,743,598.06 Main Street 2008 Principal $30,000.00 Contract $29,773,598.06 Main Street 2009 Principal $30,000.00 Contract $29,803,598.06 Main Street 2010 Principal $40,000.00 Contract $29,843,598.06 Main Street 2011 Principal $40,000.00 Contract $29,883,598.06 1998 GO Bonds Refinanced - Deduct Old Debt Service Principal ($87,000.00) 1998 GO Bonds $29,796,598.06 Interest ($14,231.00) 1998 GO Bonds $29,782,367.06 1998 GO Bonds Refinanced - Add New Debt Service Principal $87,600.00 2007 GO Bonds $29,869,967.06 Interest $12,654.00 $29,882,621.06 1999 GO Bonds Refinanced - Deduct Old Debt Service Principal (5287,327.00) 1999 GO Bonds $29,595,294.06 Interest ($103,658.00) 1999 GO Bonds $29,491,636.06 1999 GO Bonds Refinanced - Add New Debt Service Principal $289,301.00 2007 GO Bonds $29,780,937.06 Interest $80,969.00 $29,861,906.06 Fund 407 Pump Station Principal $1,050,000.00 2007 GO Bonds $30,911,906.06 Interest $379,495.00 $31,291,401.06 Fund 407 Parking Ramp Principal $700,000.00 2007 GO Bonds $31,991,401.06 Interest $257,645.00 $32,249,046.06 Fund 407 Property Acq. Tax exempt Principal $200,000.00 2007 GO Bonds $32,419,046.06 Interest $74,550.00 $32,523,596.06 Fund 407 Property Acq. Taxable Principal $200,000.00 2007 GO Bonds $32,723,596.06 Interest $71,112.50 $32,794,708.56 Fund 407 Development Plan Principal $100,000.00 2007 GO Bonds $32,894,708.56 Interest $39,250.00 $32,933,958.56 Fund 408 Development Plan Tax Exempt Principal $100,000.00 2008 GO Bonds $33,033,958.56 Interest $34,332.50 $33,068,291.06 Fund 408 Property Acq. Tax Exempt Principal $150,000.00 2008 GO Bonds $33,218,291.06 Interest $45,655.00 $33,263,946.06 Fund 408 Public Market Taxable Principal $585,000.00 2008 GO Bonds $33,848,946.06 Interest $172,750.00 $34,021,696.06 Fund 408 Parking Ramp Principal $1,400,000.00 2008 GO Bonds $35,421,696.06 Taxable Interest $407,250.00 $35,828,946.06 E. 4th Street Streetscape Project Principal $9,200.00 Advance $35,838,146.06 Page 6 of 7 Exhibit "A" Cumulative as of June 30, 2011 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) E 4th Street Improvements Principal $420,029.47 Advance $36,258,175.53 E 4th Street Principal $21,961.18 Advance $36,280,136.71 2009 Downtown Parking Garages - Exempt Principal $700,000.00 2009 GO Bonds $36,980,136.71 Interest $209,558.86 $37,189,695.57 2009 Downtown Development Plan - Exempt Principal $100,000.00 2009 GO Bonds $37,289,695.57 Interest $31,156.89 $37,320,852.46 2009 Downtown Acquisitions - Exempt Principal $250,000.00 2009 GO Bonds $37,570,852.46 Interest $71,649.06 $37,642,501.52 2009 Downtown Acquisitions - Taxable Principal $300,000.00 2009 GO Bonds $37,942,501.52 Interest $81,214.30 $38,023,715.82 Fund 410 Downtown Development Plan- Taxable Principal $60,000.00 2010 GO Bonds $38,083,715.82 Interest $10,893.17 $38,094,608.99 Fund 410 Downtown Acquisitions - Taxable Principal $506,000.00 2010 GO Bonds $38,600,608.99 Interest $97,450.89 $38,698,059.88 2002 GO Bonds Refinanced - Deduct Old Debt Service Principal ($11,002.00) 1999 GO Bonds $38,687,057.88 Interest (17,674.00) 1999 GO Bonds $38,679,383.88 2002 GO Bonds Refinanced - Add New Debt Service - Fund 410 Principal $11,031.56 2007 GO Bonds $38,690,415.44 Interest $3,979.74 $38,694,395.18 2004 GO Bonds Refinanced - Deduct Old Debt Service Principal (S85,000.00) 2004 GO Bonds $38,609,395.18 Interest (117,925.00) 2004 GO Bonds $38,591,470.18 2004 GO Bonds Refinanced - Add New Debt Service - Fund 411 Principal $85,000.00 2011 GO Bonds $38,676,470.18 Interest $12,705.56 $38,689,175.74 Fund 411 Downtown Development Plan - Taxable Principal $100,000.00 2011 GO Bonds $38,789,175.74 Interest $37,066.11 $38,826,241.85 Fund 411 Downtown Acquisitions - Taxable Principal $800,000.00 2011 GO Bonds $39,626,241.85 Interest $269,240.97 $39,895,482.82 Fund 411 Downtown Demolitions - Taxable Principal $800,000.00 2011 GO Bonds $40,695,482.82 Interest $269,240.97 $40,964,723.79 Teamsters Acquisition Principal $92,781.02 Advance $41,057,504.81 E 4th Street Principal $31,886.19 Advance $41,089,391.00 * Estimated Page 7 of 7 EXHIBIT "B" Cumulative as of June 30, 2011 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 2 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) No. Year Received Amount Received from Payments under Sec. 402.12(2) - TIF Other Revenue Received Cumulative Amount 1 FY 1977 $22,566.19 $22,566.19 2 FY 1978 $50,863.50 $73,429.69 3 FY 1979 $163,010.80 $236,440.49 4 FY 1980 $216,795.08 $453,235.57 5 FY 1981 $319,027.40 $772,262.97 6 FY 1982 $385,731.14 $1,157,994.11 7 FY 1983 $476,100.00 $1,634,094.11 8 FY 1984 $534,281.00 $2,168,375.11 9 FY 1985 $582,411.43 $2,750,786.54 10 FY 1986 $773,667.04 $72,793.00 $3,597,246.58 11 FY 1987 $829,625.00 $121,738.00 $4,548,609.58 12 FY 1988 $778,965.94 $73,975.00 $5,401,550.52 13 FY 1989 $607,992.00 $76,019.00 $6,085,561.52 14 FY 1990 $1,104,273.00 $199,453.84 $7,389,288.36 15 FY 1991 $911,105.00 $292,043.20 $8,592,436.56 16 FY 1992 $887,043.00 $136,932.05 $9,616,411.61 17 FY 1993 $881,666.00 $131,685.90 $10,629,763.51 18 FY 1994 $897,520.00 $146,935.03 $11,674,218.54 19 FY 1995 $752,642.00 $131,841.98 $12,558,702.52 20 FY 1996 $657,480.00 $203,285.29 $13,419,467.81 21 FY 1997 $602,482.27 $207,785.90 $14,229,735.98 22 FY 1998 $552,575.59 $198,774.53 $14,981,086.10 23 FY 1999 $599,707.53 $72,765.79 $15,653,559.42 24 FY 2000 $549,044.97 $72,000.00 $16,274,604.39 25 FY 2001 $781,750.82 $72,000.00 $17,128,355.21 26 FY 2002 $874,603.46 $72,000.00 $18,074,958.67 27 FY 2003 $797,581.70 $72,000.00 $18,944,540.37 28 FY2004 $746,995.28 $19,691,535.65 29 FY 2005 $849,326.72 $20,540,862.37 30 FY2006 $972,617.30 $21,513,479.67 31 FY2007 $935,872.08 $143,555.75 $22,592,907.50 32 FY2008 $990,766.64 $16,979.08 $23,600,653.22 33 FY2009 $1,229,705.33 $3,671.82 $24,834,030.37 34 FY2010 $1,302,412.88 $334.14 $26,136,777.39 35 FY2011 $1,191,328.01 $1,609.19 $27,329,714.59 36 FY2012* $1,191,328.01 $28,521,042.60 stimated Values # Includes Special Assessments and Parking Revenue