HomeMy WebLinkAboutCouncil Packet - 11/27/2017THE C I TY C O U N C I L O F THE C I TY O F WATE R LO O, I O WA,
R E G U LA R S E SS I O N TO B E HE LD AT
TH E HA R O LD E. G E TTY C O U N C I L C H A M B E R S
M onday, November 27, 2017
5:30 PM
CITY OF WATERLOO
GOALS
1. S upport the creatio n o f new, livab le wage jo b s through a b alanc ed econo mic d evelopment
ap p ro ach of as s is ting existing b us ines s es , fo s tering s tart-ups, attrac ting new emp lo yers
and c ultivating an ad eq uate workfo rce.
2. Implement a C ommunity P o lic ing s trategy that creates a s afe enviro nment in Waterlo o .
3. R ed uc e the C ity's property tax levies thro ugh a respons ib le b alanc e of cost reductio n in
C ity operatio ns and inc reas es in taxab le property valuations to ens ure that Waterloo is a
c ompetitive, affo rd ab le, and livab le c ity.
4. Enhanc e the image o f Waterloo and the C ity to residents and bus ines s es inside and
o uts id e of the c o mmunity.
G eneral Rul es for P ubl i c P arti ci pati on
1. At the c hair/p res id er's disc retio n, yo u may ad d res s an item on the c urrent agend a by
s tepping to the podium, and after rec o gnition by the chair/pres id er, s tate your name,
ad d res s and gro up affiliation (if appropriate) and speak c learly into the mic ro p hone.
2. Yo u may s p eak o ne (1) time per item fo r a maximum of five (5) minutes as lo ng as you
have regis tered with the C ity C lerk's offic e no later than 4:00 p .m. on the d ay o f the
C o uncil Meeting. If not regis tered with the C ity C lerk's offic e you may speak one (1) time
p er item for a maximum o f three (3) minutes .
3. If there is a hearing sc heduled as part of an agend a item, the c hair/pres ider will allo w
everyo ne who wis hes to ad d res s the c o uncil, us ing the s ame p artic ip ation guidelines found
in thes e "general rules".
4. Altho ugh not required by c ity c ode o f ordinanc es , o ral presentations may be allo wed at
the c hair/p res id er's (us ually the Mayor o r Mayor P ro Tem) dis c retio n. T he "o ral
p res entations " sec tion of the agend a is your opportunity to ad d res s items no t o n the
agend a. You may speak one (1) time fo r a maximum of five (5) minutes as lo ng as you
have regis tered with the C ity C lerk's offic e no later than 4:00 p .m. on the d ay o f the
C o uncil Meeting. If not regis tered with the C ity C lerk's offic e a s peaker may speak to one
(1) is s ue p er meeting for a maximum of three (3) minutes . O ffic ial actio n cannot be taken
b y the C ounc il at that time, b ut may b e plac ed on a future agenda o r referred to the
ap p ro p riate d ep artment.
5. Keep c o mments germane and refrain from p ers o nal, impertinent or s landerous remarks .
6. Q ues tions c o nc erning thes e rules o r any agend a item may be direc ted to the C lerk's O ffice
at 291-4323.
7. C itizens are enc o uraged to regis ter with the C lerk's O ffic e by 4:00 p .m. on Mo nday of the
d ay o f the C ity C ounc il meeting to ap p ear before the C ity C ounc il (may also register by
p hone). R egistered speakers will b e given first priority.
Page 1 of 381
Roll Call.
Prayer or Moment of Silence
Pledge of Allegiance
Patrick Morrissey, Ward 3 Council Member
Agenda, as proposed or amended.
Minute s of Nov embe r 20, 2017, Re gular Session, as propose d.
Proclamation Declaring Nove mbe r 28, 2017 as Giving Tuesday
ORAL P RES ENTAT I ONS
I owa C ode Chapter 21 gives the public the right to attend council meetings but it
does not require cities to allow public participation except during public hearings.
T he City of Waterloo encourages the public to participate during the Oral
P resentations by f ollowing the rules listed on the f ront of the agenda.
1.Conse nt Agenda:
(The fol lowing items will be acted upon by voice vote on a si ngle motion without
separate discussion, unless someone from the counci l or publ ic requests that a
speci fi c i tem be considered separately.)
A.Resolution to approve the following:
1.Bills Payment, Finance Committee Invoice Summary Report, a copy of which is
on file in the office of the City Clerk.
2.Resolution setting a date of public hearing as December 11, 2017 to approve the
sale and conveyance of city owned property located adjacent to 1947 Rainbow
Drive, in the amount of $1.00, to LG Companies, L LC including a Development
Agreement, and instruct City Clerk to publish said notice.
Submitted By: Noel Anderson, Director Community Planning and Development
B.Motion to approve the following:
1.T RAV EL R EQ U ES T S
a.Chris Shimp, Sharon Juon, and Margare t Kle in - Council Membe rs
Class/Meeting: Municipal Leadership Academy
Destination: Waverly and Cedar Falls
Dates: December 7,
2017 and April 19, 2018
Amount not to exceed: $570
b.Miche lle We idne r, Chie f Financial Office r
Class/Meeting: 22nd Annual Governmental GAAP Update
Page 2 of 381
Destination: Webinar - In Office
Dates: December 7,
2017
Amount not to exceed: $180
2.L I QUOR L I C ENS ES
a.Club Ambassador, 313 W. 5th Stre et
Class: C Liquor w/Outdoor Service
Renewal Application Includes Sunday
Expiration Date: 12/15/2018
b.Galleria De Paco, 622 Comme rcial Stree t
Class: B Wine / C Liquor
Renewal Application Does not include Sunday
Expiration Date: 12/19/2017
c.L J's Ne ighborhood Grill & Bar
Class: C Liquor w/Outdoor Service
Renewal Application Includes Sunday
Expiration Date: 11/5/2018
3.Bonds.
PUBLI C HEARI N GS
2.Northeast I ndustrial Are a Urban Re ne w al and Re de ve lopment Plan
Amendment No. 3 Re moval Area, to remov e propertie s from the TI F are a.
Motion to receive and file proof of publication of notice of public hearing.
H OL D HEARIN G - No comments on file.
Motion to close hearing and receive and file oral and written comments, and
recommendation of approval of the Planning, Programming and Zoning Commission.
Resolution affirming previous determination of an area of the City to be an economic
development area, determining that the development or redevelopment of said area is
necessary in the interest of the public health, safety or welfare, designating said area
as appropriate for an urban renewal project, and approving the plan amendment.
Motion to receive, file, consider and pass for the first time an Ordinance providing that
general property taxes levied and collected each year on all property located with the
newly described Northeast Industrial Area Urban Renewal and Redevelopment Plan
Area, in the City of Waterloo, County of Black Hawk, State of Iowa, by and for the
benefit of the State of Iowa, City of Waterloo, County of Black Hawk, Waterloo
Community School District and other taxing districts, be paid to a special fund for
payment of principal and interest on loans, monies advanced to and indebtedness,
including bonds issued or to be issued, incurred by said City in connection with said
urban renewal Project.
Motion to suspend the rules.
Motion to consider and pass for the second and third times and adopt the Ordinance.
Submitted By: Noel Anderson, Community Planning and Development Director
3.Northeast I ndustrial Are a Urban Re ne w al and Re de ve lopment Plan
Amendment No. 4 Ex pansion Are a, to ex pand the boundaries of the T I F are a
and include othe r update s.
Page 3 of 381
Motion to receive and file proof of publication of notice of public hearing.
H OL D HEARIN G - No comments on file.
Motion to close hearing and receive and file oral and written comments, and
recommendation of approval of the Planning, Programming and Zoning Commission.
Resolution affirming previous determination of an area of the City to be an economic
development area, determining that the development or redevelopment of said area is
necessary in the interest of the public health, safety or welfare, designating said area
as appropriate for an urban renewal project, and approving the plan amendment.
Motion to receive, file, consider and pass for the first time an Ordinance providing that
general property taxes levied and collected each year on all property located within the
newly expanded Northeast Industrial Area Urban Renewal and Redevelopment Plan
Area, in the City of Waterloo, Conty of Black Hawk, State of Iowa, by and for the
benefit of the State of Iowa, City of Waterloo, County of Black Hawk, Waterloo
Community School District and other taxing districts, be paid to a special fund for
payment of principal and interest on loans, monies advanced to and indebtedness,
including bonds issued or to be issued, incurred by said City in connection with said
urban renewal Project.
Motion to suspend the rules.
Motion to consider and pass for the second and third times and adopt the Ordinance.
Submitted By: Noel Anderson, Community Planning and Development Director
4.San Marnan Urban Renewal and Re de ve lopme nt Plan Amendment No. 4
Ex pansion Are a, to e x pand the boundaries of the T I F area and include other
updates.
Motion to receive and file proof of publication of notice of public hearing.
H OL D HEARIN G - No comments on file.
Motion to close hearing and receive and file oral and written comments, and
recommendation of approval of the Planning, Programming and Zoning Commission.
Resolution affirming previous determination of an area of the City to be an economic
development area, determining that the development or redevelopment of said area is
necessary in the interest of the public health, safety or welfare, designating said area
as appropriate for an urban renewal project, and approving the plan amendment.
Motion to receive, file consider and pass for the first time an Ordinance providing that
general property taxes levied and collected each year on all property located within the
newly expanded San Marnan Urban Renewal and Redevelopment Plan Area, in the
City of Waterloo, County of Black Hawk, State of Iowa, by and for the benefit of the
State of Iowa, City of Waterloo, County of Black Hawk, Waterloo Community School
District and other taxing districts, be paid to a special fund for payment of principal and
interest on loans, monies advanced to and indebtedness, including bonds issued or to
be issued, incurred by said City in connection with said urban renewal Project.
Motion to suspend the rules.
Motion to consider and pass for the second and third times and adopt the Ordinance.
Submitted By: Noel Anderson, Community Planning and Development Director
5.San Marnan Urban Renewal and Re de ve lopme nt Plan Amendment No. 3
Re moval Are a, to re move propertie s from the T I F are a.
Motion to receive and file proof of publication of notice of public hearing.
H OL D HEARIN G - No comments on file.
Motion to close hearing and receive and file oral and written comments, and
recommendation of approval of the Planning, Programming and Zoning Commission.
Resolution affirming previous determination of an area of the City to be an economic
Page 4 of 381
development area, determining that the development or redevelopment of said area is
necessary in the interest of the public health, safety or welfare, designating said area
as appropriate for an urban renewal project, and approving the plan amendment.
Motion to receive, file, consider and pass for the first time an Ordinance providing that
general property taxes levied and collected each year on all property located within the
newly described San Marnan Urban Renewal and Redevelopment Plan Area, in the
City of Waterloo, County of Black Hawk, State of Iowa, by and for the benefit of the
State of Iowa, City of Waterloo, County of Black Hawk, Waterloo Community School
District and other taxing districts, be paid to a special fund for payment of principal and
interest on loans, monies advanced to and indebtedness, including bonds issued or to
be issued, incurred by said City in connection with said urban renewal Project.
Motion to suspend the rules.
Motion to consider and pass for the second and third times and adopt the Ordinance.
Submitted By: Noel Anderson, Community Planning and Development Director
R ES OLUTI ONS
6.Resolution approving the City of Waterloo Annual Financial Report for the Fiscal Year
ended June 30, 2017 and authorizing the publication of the report and submission to
the State of Iowa.
Submitted By: Michelle Weidner, Chief Financial Officer
7.Resolution approving certification to the Black Hawk County Auditor expenditures that
qualify for reimbursement in the FY2017 Crossroads Waterloo Tax Increment District
and place the certification on file.
Submitted By: Noel Anderson, Community Planning & Development Director
8.Resolution approving certification to the Black Hawk County Auditor expenditures that
qualify for reimbursement in the FY2017 Downtown Waterloo Urban Renewal and
Redevelopment Tax Increment District and place the certification on file.
Submitted By: Noel Anderson, Community Planning & Development Director
9.Resolution approving certification to the Black Hawk County Auditor for
F Y2017 expenditures that qualify for reimbursement in the East Waterloo Unified
Urban Renewal & Redevelopment Tax Increment District and place the certification on
file.
Submitted By: Noel Anderson, Community Planning & Development Director
10.Resolution approving certification to the Black Hawk County Auditor expenditures that
qualify for reimbursement in the FY2017 Martin Road Tax Increment District and place
the certification on file.
Submitted By: Noel Anderson, Community Planning & Development Director
11.Resolution approving certification to the Black Hawk County Auditor expenditures that
qualify for reimbursement in the FY2017 Rath Area Tax Increment District and place
the certification on file.
Submitted By: Noel Anderson, Community Planning & Development Director
12.Resolution approving certification to the Black Hawk County Auditor expenditures that
qualify for reimbursement in the FY2017 San Marnan Tax Increment District and place
Page 5 of 381
the certification on file.
Submitted By: Noel Anderson, Community Planning & Development Director
13.Resolution approving certification to the Black Hawk County Auditor expenditures that
qualify for reimbursement in the FY2017 Northeast Industrial Park Urban Renewal and
Redevelopment Tax Increment District and place the certification on file.
Submitted By: Noel Anderson, Community Planning & Development Director
14.Resolution approving award of bid to Ricklefs Excavating Ltd. of Anamosa, IA, in the
amount of $693,700, and approving the contract, bonds and Certificate of Insurance for
the Flow Equalization Facility Overflow Connect to Satellite WP F C, Contract No. 880,
and authorize the Mayor and City Clerk to execute said documents.
Submitted By: Steven Hoambrecker, Director, Waste Management Services
15.Resolution approving Acceptance of Improvements of Prairie Meadows Estates Phase
1A, performed by Pirc-Tobin Construction, Inc. of Alburnette, Iowa, and E & F Paving
Company, LL C of Cedar Rapids, Iowa, and receive and file two (2) year maintenance
bonds.
Submitted By: Dennis J. Gentz, P E, Assistant City Engineer
16.Motion approving final quantity adjustment for a net increase of $4,198.40 for the FY
2018 Ash Street Drainage Improvements, Contract No. 936, and authorize the Mayor
and City Clerk to execute said document.
Submitted By: Wayne Castle, PL S, P E, Associate Engineer
17.Resolution approving Completion of Project and Recommendation of Acceptance of
Work for work performed by Lodge Construction, Inc. of Clarksville, Iowa, at a total
cost of $43,991.10, for the F Y 2018 Ash Street Drainage Improvements, Contract No.
936, and receive and file a two (2) year maintenance bond.
Submitted By: Eric T horson, PE, City Engineer
18.Resolution approving participation in the 2018 Local Update of Census Addresses
(LUCA) Operation, and authorizing the Mayor to execute any necessary documents.
Submitted By: Noel Anderson, Community Planning and Development Director
19.Resolution approving a Professional Services Agreement with Invision Architecture of
Waterloo, Iowa, in an amount not to exceed $40,000 in conjunction with the East Wing
Toilet Room Renovations at the Waterloo Center for the Arts, and authorize the Mayor
to execute said document.
Submitted By: Mark A. Boesen, Manager of Rehabilitation Services/Building
Maintenance
20.Resolution approving the F Y 2018 Economic Development Grant Agreement
with Greater Cedar Valley Alliance in the amount of $28,500 with $56,500 in potential
incentive funds, and authorize the Mayor and City Clerk to execute said document.
Submitted By: Noel Anderson, Community Planning & Development Director
21.Resolution approving amendment to the Lease Agreement with UNI for the
Page 6 of 381
maintenance of U N ICUE, (Chicago Great Western Depot) building, and authorize the
Mayor to sign said documents.Submitted By: Noel Anderson, Community Planning & Development Director
22.Resolution approving electronic submission of the Tax Increment Finance (T IF) reports
to the State of Iowa for Fiscal Year 2017.
Submitted By: Noel Anderson, Community Planning & Development Director
A D JOU R NMENT
M otion to adjourn.
Kelley Felchle
City Clerk
MEE T I N GS
3:50 p.m. Council Work Session, Harold E. Getty Council Chambers
5:10 p.m. Finance Committee, Harold E. Getty Council Chambers
PUBLI C I NF ORM AT I ON
1.Certified List for the position of Fire Fighter Recruit for the City of Waterloo, Iowa Fire
Rescue Department, as certified by the Civil Service Commission on November 9,
2017.
2.Waterloo Housing Authority Board Minutes from November 13, 2017.
Page 7 of 381
C ITY OF WATER LOO
Council Communication
P atric k Morris s ey, Ward 3 C o uncil Member
City Council Meeting: 11/27/2017
Prepared:
R EV I EWER S :
D epartment R eviewer Action D ate
C lerk O ffice H igby, Nancy Approved 11/17/2017 - 4:46 P M
S ub mitted by:S ubmitted By:
Page 8 of 381
C ITY OF WATER LOO
Council Communication
Minutes of Novemb er 20, 2017, R egular S es s ion, as proposed.
City Council Meeting: 11/27/2017
Prepared:
R EV I EWER S :
D epartment R eviewer Action D ate
C lerk O ffice H igby, Nancy Approved 11/20/2017 - 3:46 P M
ATTA C H M EN TS :
Description Type
M inutes N ovember 20, 2017 B ackup M aterial
S ub mitted by:S ubmitted By:
Page 9 of 381
November 20, 2017
The Council of the City of Waterloo, Iowa, met in Regular Session at Harold E. Getty Council Chambers,
Waterloo, Iowa, at 5:39 p.m., on Monday, November 20, 2017. Mayor Pro Tem, Ron Welper in the Chair. Roll
Call: Jacobs, Morrissey, Powers, Amos, Schmitt, and Welper. Absent: Lind.
Prayer or Moment of Silence.
Pledge of Allegiance: Bruce Jacobs, Ward 2 Council Member
146234 - Schmitt/Amos
that the Agenda, as proposed, for the Regular Session on Monday, November 20, 2017, at 5:30 p.m.,
be accepted and approved. Voice vote-Ayes: Six. Motion carried.
146235 - Schmitt/Amos
that the Minutes, as proposed, for the Regular Session on Monday, November 13, 2017, at 5:30 p.m.,
be accepted and approved. Voice vote-Ayes: Six. Motion carried.
ORAL PRESENTATIONS
David Dryer, 3145 W. 4th Street, commented that the city should stop building more homes farther
out because it will require building a new fire station, which is not cheap. He further commented on
the safety cameras and related signage.
Joe Leibold, Captain of Police, explained that signage would be placed around the city.
Todd Obadal, 124 Amity Drive, commented on grease trap issues.
Forest Dillavou, 1725 Huntington Road, thanked the city and all involved in replacing the recycling
bins at Ansborough and Black Hawk Road.
Mr. Morrissey commented on an article published in the Opinion Section of the Courier that
highlighted the positives of Waterloo.
Mr. Schmitt requested clarification of the extended yard waste service extension.
Sandie Greco, Interim Public Works Director, explained the extension schedule.
Mr. Jacobs questioned if the city would be reimbursed when our public safety officers work in other
cities.
Joe Leibold confirmed the cities will be billed for specialty expertise assistance, but emergency
response has never been billed out for reimbursement.
Mr. Morrissey questioned if those services have been billed in the past and if council will be made
aware of when payment is received for the current services.
Joe Leibold explained he is not aware of any previous instances, and that council will be made aware
of payment.
146236 - Schmitt/Morrissey
that the above oral comments be received and placed on file. Voice vote-Ayes: Six. Motion carried.
CONSENT AGENDA
146237 - Schmitt/Morrissey
that the following items on the consent agenda be received, placed on file and approved:
a. Resolutions to approve the following:
Page 10 of 381
November 20, 2017
Page 2
1. Resolution approving Finance Committee Invoice Summary Report, dated November 20,
2017, in the amount of $2,675,336.99, a copy of which is on file in the City Clerk’s office,
together with recommendation of approval of the Finance Committee.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-945.
2. Resolution approving request from Main Street Waterloo to host their annual Winter
Wonder'Loo celebration on Saturday, November 25, 2017 from 4:00 P.M. to 7:00 P.M. in
Downtown Waterloo at Newton's Park and at the Black's Building, and request that
Sycamore Street from Park Ave. to E. 4th Street be closed to traffic to accommodate the
event.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-946.
3. Resolution approving preliminary specifications, bid documents, etc., setting date of bid
opening as December 7, 2017 and date of public hearing as December 11, 2017, for the FY
2018 Mark's Park Resurfacing Project, and instruct City Clerk to publish said notice.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-947.
4. Resolution approving preliminary specifications, bid documents, etc., and setting date of bid
opening as November 30, 2017 and date of public hearing as December 4, 2017 for the
purchase of one used John Deere 7330 Tractor and mowing attachments, and instruct City
Clerk to publish said notice.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-948.
5. Resolution approving the request of Kristy Herbrandson for tax exemptions on the
construction a new single family home valued at $410,000 for property located at 1124
Partridge Lane, and located in the City Limits Urban Revitalization Area (CLURA).
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-949.
b. Motion to approve the following:
1. Travel Requests
Name & Title of
Personnel Class/Meeting Destination Date(s)
Amount
not to
Exceed
a. Mohammad Elahi,
Traffic Engineer
MoboTrex, Inc. 2017
Davenport User's Group
Davenport,
IA
December
13-14, 2017
$225
b. Rudy Jones,
Community
Development
Director
2018 Winter Legislative,
Policy and Professional
Developmental Meeting at
the National Community
Development Association
Conference
Washington,
D.C.
January 22-
26, 2017
$1,995
2. Approved Beer, Liquor, and Wine Applications
Name & Address of
Business Class New or
Renewal
Expiration
Date
Includes
Sunday
a. Courtyard by Marriott, 250
Westfield Avenue
B Liquor
w/Outdoor Service
and Catering
Privilege
New 11/19/2018 x
b. Fareway Stores #951, 40 W.
San Marnan Drive
B Wine / C Beer / E
Liquor
Renewal 11/15/2018
3. Recommendation of appointment of Laura Wolff, from the Civil Service list, to the position of
CMOM Coordinator, at the Waste Management Department, effective November 21, 2017.
Page 11 of 381
November 20, 2017
Page 3
4. Recommendation of Cultural & Arts Director for the appointment of Cherie Kabba, from the Civil
Service list, to the position of Events Coordinator, effective November 21, 2017.
5. Request from the Waste Management Director to appoint Allen Fecht from the Civil Service list to
the position of Instrument Control Technician with an effective date of December 11, 2017.
6. Recommendation of appointment of Ken Foss III to the position of Park Maintenance II Construction
in the Leisure Services Department.
7. Recommendation of appointment of Robert J. Thompson to the position of Park Maintenance II
Forestry in the Leisure Services Department.
8. Recommendation of appointment of Peter Steuben to the position of Golf Maintenance II in the
Leisure Services Department.
Mr. Schmitt suggested postponing hiring for the positions, Items 1.B.3 through 1.B.8, or to remove
the items from the consent agenda due to the current challenges in the public safety department as
discussed in the HR Committee meeting.
JB Bolger, Waterloo Leisure Services, spoke regarding the Leisure Services positions and explained
these positions had cleared the Human Resources Committee.
Mr. Schmitt commented that his concern has nothing to do with the individuals recommended for
hire but that he had no previous knowledge of the situation of the Public Safety Department and that
perhaps the funds could be used to help the Fire Department until a time when funds are available.
Michelle Weidner, Chief Financial Officer, and Chief Pat Treloar clarified the number of positions
needing filled and explained the cause for the vacancies.
Mr. Powers questioned which funds pay for the positions.
Michelle Weidner explained that all of the positions were unanimously approved approximately 3 -4
months ago, and have gone through the appropriate processes. Michelle also provided an
explanation of the various funds used to pay for the appointments and commented that there are no
dire consequences for the budget.
Mr. Jacobs suggested the processes be reviewed and questioned Item #3 was a new position and who
approved it.
Steven Hoambrecker, Waste Management Services Director, explained the position.
Roll call vote-Ayes: Six. Motion carried.
Mayor Pro Tem recognized the new employees.
PUBLIC HEARINGS
146238 - Schmitt/Amos
that proof of publication of notice of public hearing on the request by Standard Distribution
Company, Inc. for a site plan amendment to the “M-2,P” Planned Industrial District, to allow for the
construction of a 50,000 square foot industrial building, with a 26 acre laydown yard, located north
of 3040 Leversee Road, as published in the Waterloo Courier on November 10, 2017, be received
and placed on file. Voice vote-Ayes: Six. Motion carried.
This being the time and place of public hearing, the Mayor called for written and oral comments.
David Dryer, 3145 W. 4th Street, questioned if this is in the TIF district and if there is a cost to the
citizens.
Noel Anderson explained there is no TIF funds involved because it is a zoning action, but that TIF
funds will be used for the development of the site, and that funding is still being figured at this time.
Page 12 of 381
November 20, 2017
Page 4
146239 - Schmitt/Amos
that the hearing be closed and oral comments, and recommendation of approval of the Planning,
Programming and Zoning Commission, be received and placed on file. Voice vote-Ayes: Six.
Motion carried.
146240 - Schmitt/Amos
that “an Ordinance amending Ordinance No. 5079, as amended, City of Waterloo Zoning Ordinance,
by amending the official Zoning Map referred to in Section 10-4-4, approving a Site Plan
Amendment on certain property located north of 3040 Leversee Road”, be received, placed on file,
considered and passed for the first time. Roll-call vote-Ayes: Six. Motion carried.
146241 - Schmitt/Amos
that rules requiring ordinances to be considered and voted for passage at two prior meetings be
suspended. Roll-call vote-Ayes: Six. Motion carried.
Mr. Schmitt questioned the timing of the item.
Noel Anderson explained that the intention is to start the project before winter.
146242 - Schmitt/Amos
that “an Ordinance amending Ordinance No. 5079, as amended, City of Waterloo Zoning Ordinance,
by amending the official Zoning Map referred to in Section 10-4-4, approving a Site Plan
Amendment on certain property located north of 3040 Leversee Road”, be considered and passed for
the second and third times and adopted. Roll-call vote-Ayes: Six. Motion carried.
Ordinance adopted and upon approval by Mayor assigned No. 5425.
146243 - Morrissey/Amos
that proof of publication of notice of public hearing on the sale and conveyance of city owned
property located north of 3040 Leversee Road, in the amount of $1.00, to SDC Real Estate, LLC,
including a Development Agreement, as published in the Waterloo Courier on November 10, 2017,
be received and placed on file. Voice vote-Ayes: Six. Motion carried.
This being the time and place of public hearing, the Mayor called for written and oral comments and
there were none.
146244 - Morrissey/Amos
that the hearing be closed. Voice vote-Ayes: Six. Motion carried.
146245 - Morrissey/Amos
that “Resolution authorizing sale and conveyance of city owned property generally located north of
3040 Leversee Road in the amount of $1.00, to SDC Real Estate, LLC, and authorize the Mayor and
City Clerk to execute said documents”, be adopted. Roll-call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-950.
146246 - Morrissey/Amos
that “Resolution approving a Development Agreement with SDC Real Estate, LLC, and authorizing
the Mayor and City Clerk to execute said agreement”, be adopted. Roll-call vote-Ayes: Six.
Motion carried.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-951.
146247 - Amos/Morrissey
Page 13 of 381
November 20, 2017
Page 5
that proof of publication of notice of public hearing on the sale and conveyance of city owned
property located near Chalmers Drive and the Northeast corner of Ansborough Avenue and Upton
Avenue, in the amount of $15,001, to Village Creek Rentals, LLC, including a Development
Agreement, as published in the Waterloo Courier on November 10, 2017, be received and placed on
file. Voice vote-Ayes: Six. Motion carried.
This being the time and place of public hearing, the Mayor called for written and oral comments.
Forest Dillavou, 1725 Huntington Road, commented on how much the 657A actually costs the
citizens with the incentives that are provided.
Noel Anderson explained the various costs the city spends on snow removal and mowing on
properties and with the sale and development of these properties, there will be future revenue
generated through the permit process and future taxes being paid.
146248 - Amos/Morrissey
that the hearing be closed and oral comments be received and placed on file. Voice vote-Ayes: Six.
Motion carried.
146249 - Amos/Morrissey
Noel Anderson spoke regarding access to Ansborough Avenue. Mr. Morrissey questioned access.
that “Resolution authorizing sale and conveyance of city owned property generally located along
Chalmers Drive and the Northeast corner of Ansborough Avenue and Upton Avenue in the amount
of $15,001, to Village Creek Rentals, LLC, and authorize the Mayor and City Clerk to execute said
documents”, be adopted. Roll-call vote-Ayes: Six. Motion carried.
Mr. Morrissey requested clarification of the areas proposed.
Noel Anderson provided an overview of the purposes for acquiring the parcels.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-952.
146250 - Amos/Morrissey
that “Resolution approving a Development Agreement with Village Creek Rentals, LLC, and
authorizing the Mayor and City Clerk to execute said agreement”, be adopted. Roll -call vote-Ayes:
Six. Motion carried.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-953.
146251 - Morrissey/Amos
that proof of publication of notice of public hearing on Flow Equalization Facility Overflow Connect
to Satellite WPFC, City Contract No. 880, as published in the Waterloo Courier on November 10,
2017, be received and placed on file. Voice vote-Ayes: Six. Motion carried.
This being the time and place of public hearing, the Mayor called for written and oral comments and
there were none.
146252 - Morrissey/Amos
that the hearing be closed. Voice vote-Ayes: Six. Motion carried.
146253 - Morrissey/Amos
that “Resolution confirming approval of plans, specifications, form of contract, etc.”, be adopted.
Roll-call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-954.
Page 14 of 381
November 20, 2017
Page 6
146254 - Morrissey/Amos
that “Resolution authorizing to proceed”, be adopted. Roll-call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-955.
146255 - Morrissey/Amos
Motion to receive and file and instruct the Deputy City Clerk to read bids and refer to Director of
Waste Management Services for review.
Estimate: $800,000
Bidder Bid Security Bid Amount
MZ Construction, Inc.
Linden, WI 5% $695,000
Ricklefs Excavating Ltd.
Anamosa, IA 5% $693,700
Graff Excavating, Inc.
Toledo, IA 5% $842,000
WRH, Inc.
Amana, IA 5% $713,600
Voice vote-Ayes: Six. Motion carried.
RESOLUTIONS
146256 - Schmitt/Amos
that “Resolution approving contracts, bonds and certificates of insurance with Woodruff
Construction, LLC of Waterloo, Iowa, for the Hangar No. 4 Rehabilitation Project at the Waterloo
Regional Airport, via IDOT Project No. 9-I-180-ALO-200, and IDOT Contract No. 19559, in the
amount of $65,522, and authorize the Mayor and City Clerk to execute said documents”, be adopted.
Roll-call vote-Ayes: Six. Motion carried.
David Dryer, 3145 W. 4th Street, questioned if this is a federally funded project, or will it cost the
city of Waterloo.
Keith Kaspari, Airport Director, explained this is fully funded by the Iowa Department of
Transportation through the office of Aviation, so there is zero cost to the city for these
improvements.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-956.
146257 - Schmitt/Amos
that “Resolution approving award of bid to Vieth Construction Corporation of Cedar Falls, Iowa in
the amount of $134,353, and approving the Contract, Bonds, and Certificate of Insurance in
conjunction with the FY 2018 Levee Tree Clearing Cedar River, Contract No. 938, and authorize the
Mayor and City Clerk to execute said documents”, be adopted. Roll-call vote-Ayes: Six. Motion
carried.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-957.
146258 - Amos/Morrissey
that “Resolution approving the rental of one additional motor grader in the amount of $26,800, for a
period ending March 2018, from Murphy Tractor of Waterloo, Iowa”, be adopted. Roll -call vote-
Ayes: Six. Motion carried.
Mr. Schmitt questioned if the city will bear the full cost if a mild winter results in less use.
Sandie Greco explained the cost is regardless of the amount of usage.
Page 15 of 381
November 20, 2017
Page 7
Mr. Schmitt questioned when the last time the city considered outsourcing the service, and would
that consideration be discussed next week for next year’s budget.
Sandie Greco confirmed that is something that could be considered.
David Dryer, 3145 W. 4th Street, questioned if some rentals weren’t just recently approved.
Sandie Greco explained that four were approved; however the transmission on a 1998 city owned
road grader recently went out and the cost to replace the transmission would be approximately
$30,000.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-958.
146259 - Amos/Morrissey
that “Resolution approving Project Funding Agreement between City of Waterloo and WDC for
WDC to fund the costs of design of Streetscaping conceptual design along Jefferson and
Commercial Streets (River Road to 3rd Street) in Downtown Waterloo, and authorize the Mayor and
City Clerk to execute all necessary documents”, be adopted. Roll-call vote-Ayes: Six. Motion
carried.
Resolution adopted and upon approval by Mayor Pro Tem assigned No. 2017-959.
ORDINANCES
146260 - Morrissey/Amos
that “an Ordinance amending Ordinance No. 5079, as amended, City of Waterloo Zoning Ordinance,
by amending Section 10-3-1 Definition of Impound Yard and Recycling, Junk or Salvage Yards, and
Section 10-27-1(H)(8) Special Permit Regulations for Recycling, Junk and Salvage Yards and other
miscellaneous updates”, be received, placed on file, considered and passed for the third time. Roll-
call vote-Ayes: Six. Motion carried.
Ordinance adopted and upon approval by Mayor Pro Tem assigned No. 5426.
OTHER COUNCIL BUSINESS
146261 - Amos/Schmitt
to approve Change Order No. 1 for a total increase of $9,658.62, to Wilson Custom Tree of Cresco,
Iowa, in conjunction with the 2017 Fall Stump Removal Project. Voice vote-Ayes: Six. Motion
carried.
David Dryer, 3145 W. 4th Street, questioned the increase.
JB Bolger explained the reason for the increase.
ADJOURNMENT
146262 - Morrissey/Amos
that the Council adjourn at 6:28 p.m. Voice vote-Ayes: Six. Motion carried.
_____________________________
LeAnn M. Even, CMC, ICMC
Deputy City Clerk
Page 16 of 381
C ITY OF WATER LOO
Council Communication
P ro clamatio n Dec laring Novemb er 28, 2017 as G iving Tues d ay
City Council Meeting: 11/27/2017
Prepared: 10/26/2017
R EV I EWER S :
D epartment R eviewer Action D ate
M ayor Office Westphal, Michelle Approved 10/26/2017 - 5:55 P M
C lerk O ffice H igby, Nancy Approved 11/20/2017 - 10:55 AM
ATTA C H M EN TS :
Description Type
P roclamation G iving T uesday C over Memo
S ub mitted by:S ubmitted By: Mayo r Q uentin Hart
Page 17 of 381
Page 18 of 381
C ITY OF WATER LOO
Council Communication
R es o lutio n s etting a date of p ublic hearing as Dec emb er 11, 2017 to approve the s ale and conveyanc e of c ity
o wned property loc ated ad jacent to 1947 R ainbow Drive, in the amount of $1.00, to L G C o mp anies, LLC
inc luding a Development Agreement, and ins truc t C ity C lerk to p ublish said no tic e.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 3:46 P M
C lerk O ffice H igby, Nancy Approved 11/20/2017 - 3:50 P M
ATTA C H M EN TS :
Description Type
Application C over Memo
Detailed P roperty R eport L ot 1 C over Memo
Detailed P roperty R eport L ot 2 C over Memo
S ite P lan C over Memo
F loor P lan C over Memo
Aerial P hotos C over Memo
M emorandum C over Memo
Development Agreement C over Memo
S UB J E C T:
R es o lution s etting a date of p ublic hearing as Dec emb er 11, 2017 to app ro ve
the sale and c o nveyance o f c ity owned property lo cated adjac ent to 1947
R ainbow Drive, in the amo unt o f $1.00, to LG C ompanies , L L C inc lud ing
a Develo pment Agreement, and instruc t C ity C lerk to p ublish said notic e.
S ub mitted by:S ubmitted By: No el Anderson, Directo r C o mmunity P lanning and
Development
R ec o mmended Ac tio n:Ap p ro val
S ummary S tatement:
T he applic ant p lans to b uild a new home with garage o n the property. T he
req uest has b een ap p ro ved b y the Building and G ro und s C ommittee. T he
C o uncil previo us ly to o k actio n to s et a date o f hearing on the s ale as
No vember 27, 2017, but to s ell the p ro perty to S hay Trask. Mr. Trask has
req uested that the property b e c o nveyed to LG C ompanies , L L C , who will
b uild the home.
Exp enditure R equired :No ne
S ource o f F und s :N/A
P olic y Issue:S ale of city owned p ro p erty
Page 19 of 381
Background I nformatio n:T he lots where ac q uired in 1970.
Legal Desc riptio ns :Lo ts 2 and 3 of Lo b d ells S ec o nd Addition to C as tle Hill, C ity o f Waterlo o ,
Blac k Hawk C o unty, Io wa.
Page 20 of 381
City of Waterloo Planning & Zoning Department
715 Mulberry Street, Waterloo, Iowa 50703
(319) 291-4366
Offer to Vacate and Purchase City Right-of-Way
Request to Vacate Easement, Vacate Sidewalk, or Encroachment Agreement
Sale of City-Owned Property
Applicant:________________________ Address:_____________________________ Phone No.: _______________
General Description of Property to Vacated (i.e.- alley between A St. & B St., South of C St.):
Legal description of area to be conveyed, vacated, or encroached:
1. A non-refundable filing fee(s) shall be made as follows (checks payable to City of Waterloo):
• Right-of-way vacation – One Hundred Seventy Five Dollar ($175.00) Filing Fee
• Easement or sidewalk vacation – Seventy Five Dollar ($75.00) Filing Fee
• Encroachment – One Hundred Dollar ($100.00) Filling Fee
• Sale of city-owned property not required to be vacated – No Fee
• Any request not meeting the Sale of Property Policy – One Hundred Dollar ($100.00) Fee
2. Offer Price*[Note: If the offer price meets the Sale of Property Policy (see attached) the request will not be
required to be reviewed by the Building & Grounds Committee.]
• Asking price (see attached Sale of Property Policy for how calculated): ____________________
• Deductions
• May decrease price by 50% for area located within an easement: ____________________
• May decrease price for the City tax that will be collected on
the land within 5 yrs (8 yrs inside of the CURA): ____________________
• Costs (surveying & misc., demolition, remove of curbs, etc): ____________________
Asking price – Deductions = Value of Property: ____________________
Offer Price for Entire Area: __________________
Note: The above information is a summary of the Sale of Property Policy (see attached). All requests to vacate and purchase
City right-of-way must be accompanied by a signed “Intent to Vacate” form for each abutting property to the area to be vacated.
Any request that fails to meet the Sale of Property Policy shall not be forwarded to the Building and Grounds Committee or City
Council. Any such applicant shall need to request review to Building and Grounds through a City Council member.
3. Publication and Recording Fees*: At the time a buyer(s) has been selected, all publication costs and
recording fees must be paid by the applicant. Applicant shall be responsible for collecting from other buyers.
4. Easement*: The following easement shall be retained:
_______________________________________________________________________________
5. Other: Please provide a site plan and/or aerial photo of the area to be vacated if the request involves
additional construction as the reason for the request.
_______________________________________ ________________________
Applicant Date
*Not required for easement vacates sidewalk vacates or Encroachment Agreements
x
Shay Trask
$1
$1
1619 Olive Street,
Cedar Falls, IA 50613 319.404.5810
October 17th, 2017
Parcel ID’s: 8913-17-477-002 and 8913-17-477-003
Page 21 of 381
BLACK HAWK COUNTY REAL ESTATE ASSESSMENT AND TAX INFORMATION
Parcel ID Deed Holder Tax Mail to Address
8913-17-477-002
CITY OF WATERLOO
CITY OF WATERLOO
715 MULBERRY ST
ATTN: FINANCE DEPARTMENT
WATERLOO, IA 50703-0000
PDF No.Map Area Contract Buyer
3
WWTLO-02
Property Address Current Recorded Transfer
00000
00000-0000
Date Drawn Date Filed Recorded Document Type
1/17/1969 1/27/1970 DEED 488096 D
ASSESSED VALUES/CREDITS
Year Class
2017 E
100%
Value
Land Multi-Residential Land Dwelling Building Total Acres
7,780 0 0 0 7,780 0
Taxable
Value
Land Multi-Residential Land Dwelling Building Total
7,780 0 0 0 7,780
Year Class
2016 E
100%
Value
Land Multi-Residential Land Dwelling Building Total Acres
7,780 0 0 0 7,780 0
Taxable
Value
Land Multi-Residential Land Dwelling Building Total
7,780 0 0 0 7,780
Year Class
2015 E
100%
Value
Land Multi-Residential Land Dwelling Building Total Acres
7,780 0 0 0 7,780 0
Taxable
Value
Land Multi-Residential Land Dwelling Building Total
7,780 0 0 0 7,780
TAX INFORMATION ASSESSMENT YEAR 2016 PAYABLE 2017/2018
Tax
District 940001 - WATERLOO
Gross Value Taxable Value Military Exemption Levy Rate Gross Tax Net Tax
Corp 0 0 0 40.33157 $0.00 $0.00
Nocorp 0 0 0 0 $0.00
Homestead
Credit
Disabled Veteran
Credit
Property Tax Relief
Credit
Ag
Credit
Business Property Tax
Credit
Corp $0.00 $0.00 $0.00 $0.00 $0.00
Nocorp $0.00
LEGAL
LOBDELLS SECOND ADDITION TO CASTLE HILL LOT 3 Page 22 of 381
LAND
Basis Front Rear Side 1 Side 2 Lot Area Acres
Front Foot 60 60 182 182 0 10920 0.251
Totals:10920 0.251
Entry Status: Inspected
Date Website Last Updated: 10/13/2017
Page 23 of 381
BLACK HAWK COUNTY REAL ESTATE ASSESSMENT AND TAX INFORMATION
Parcel ID Deed Holder Tax Mail to Address
8913-17-477-003
CITY OF WATERLOO
CITY OF WATERLOO
715 MULBERRY ST
ATTN: FINANCE DEPARTMENT
WATERLOO, IA 50703-0000
PDF No.Map Area Contract Buyer
3
WWTLO-02
Property Address Current Recorded Transfer
00000
00000-0000
Date Drawn Date Filed Recorded Document Type
1/17/1969 1/27/1970 DEED 488096 D
ASSESSED VALUES/CREDITS
Year Class
2017 E
100%
Value
Land Multi-Residential Land Dwelling Building Total Acres
7,630 0 0 0 7,630 0
Taxable
Value
Land Multi-Residential Land Dwelling Building Total
7,630 0 0 0 7,630
Year Class
2016 E
100%
Value
Land Multi-Residential Land Dwelling Building Total Acres
7,630 0 0 0 7,630 0
Taxable
Value
Land Multi-Residential Land Dwelling Building Total
7,630 0 0 0 7,630
Year Class
2015 E
100%
Value
Land Multi-Residential Land Dwelling Building Total Acres
7,630 0 0 0 7,630 0
Taxable
Value
Land Multi-Residential Land Dwelling Building Total
7,630 0 0 0 7,630
TAX INFORMATION ASSESSMENT YEAR 2016 PAYABLE 2017/2018
Tax
District 940001 - WATERLOO
Gross Value Taxable Value Military Exemption Levy Rate Gross Tax Net Tax
Corp 0 0 0 40.33157 $0.00 $0.00
Nocorp 0 0 0 0 $0.00
Homestead
Credit
Disabled Veteran
Credit
Property Tax Relief
Credit
Ag
Credit
Business Property Tax
Credit
Corp $0.00 $0.00 $0.00 $0.00 $0.00
Nocorp $0.00
LEGAL
LOBDELLS SECOND ADDITION TO CASTLE HILL LOT 2 Page 24 of 381
LAND
Basis Front Rear Side 1 Side 2 Lot Area Acres
Front Foot 60 60 169 169 0 10140 0.233
Totals:10140 0.233
Entry Status: Inspected
Date Website Last Updated: 10/13/2017
Page 25 of 381
GARAGE/HOUSE
Page 26 of 381
Page 27 of 381
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1
C ITY OF WATER LOO
Council Communication
Bond s .
City Council Meeting: 11/27/2017
Prepared:
R EV I EWER S :
D epartment R eviewer Action D ate
E ngineering H igby, Nancy Approved 11/20/2017 - 4:17 P M
ATTA C H M EN TS :
Description Type
B onds for C ouncil Approval 11.27.17 B ackup M aterial
S UB J E C T:Bond s .
Page 39 of 381
BONDS FOR COUNCIL APPROVAL
November 27, 2017
RIGHT OF WAY CONSTRUCTION BOND AMOUNT $15,000.00_ __
106829960 BECKSTROM CONSTRUCTION, INC. ANKENY, IOWA
Page 40 of 381
C ITY OF WATER LOO
Council Communication
No rtheas t Indus trial Area Urb an R enewal and R ed evelopment P lan Amendment No . 3 R emo val Area, to
remo ve p ro perties from the T I F area.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 12:58 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:10 P M
ATTA C H M EN TS :
Description Type
N E Amendment N o 3 B ackup M aterial
P &Z M emo for N ortheast Amendments B ackup M aterial
S UB J E C T:
Motio n to rec eive and file proof o f pub lic ation of notice o f pub lic hearing.
HO LD HEAR ING - No comments o n file.
Motio n to c lo s e hearing and rec eive and file o ral and written comments, and
recommendatio n o f approval of the P lanning, P ro gramming and Zo ning
C o mmis s ion.
R es o lution affirming p revious determination of an area of the C ity to be an
econo mic develo p ment area, determining that the d evelopment o r
red evelopment of s aid area is necessary in the interest of the pub lic health,
s afety or welfare, d es ignating s aid area as ap p ro p riate fo r an urb an renewal
p ro ject, and approving the p lan amendment.
Motio n to rec eive, file, c o nsider and p as s fo r the firs t time an O rdinanc e
p ro viding that general p ro p erty taxes levied and c o llected eac h year o n all
p ro p erty lo c ated with the newly d es cribed Northeas t Indus trial Area Urban
R enewal and R ed evelopment P lan Area, in the C ity o f Waterloo, C ounty of
Blac k Hawk, S tate o f Io wa, by and for the b enefit of the S tate o f Io wa, C ity
o f Waterlo o , C o unty of Blac k Hawk, Waterloo C o mmunity S c hool Dis tric t
and o ther taxing dis tricts , b e paid to a spec ial fund for p ayment o f princ ip al
and interes t on loans , mo nies ad vanced to and ind eb tednes s , inc luding
b o nds is s ued or to b e issued , inc urred by s aid C ity in c o nnectio n with s aid
urban renewal P rojec t.
Motio n to s us p end the rules .
Motio n to c o ns ider and p as s for the sec ond and third times and ad o p t the
O rdinanc e.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning and Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro val
T he Northeas t Ind us trial Area Urban R enewal and R edevelo p ment P lan is
Page 41 of 381
S ummary S tatement:
p ro p o s ed to b e amend ed to remove multip le areas fro m the existing T I F
b o und ary. By s eparate ac tion, it is propo s ed that those areas will be put
b ack into the T IF boundary. T he end res ult of the amend ments will not
inc reas e the area o f the existing T I F b o undary. T he areas b eing removed
and then put b ac k in the T I F are und evelo p ed areas that are no t likely to
d evelop before their 20 year s uns et, and the amend ment will estab lis h a new
20 year suns et fo r these areas . O nc e remo ved fro m the existing T I F, any
inc rement will b e released fro m the T I F, and once p ut bac k in, the current
values will b ec ome the new fro zen b as e that is released to all taxing entities ,
inc luding the C ity of Waterlo o 's general fund. O nly future inc rement fro m
future d evelo p ment of thes e areas would b e c ap tured by the T I F. T his
would app ear to be the best model to acc omplis h ec o nomic develo p ment o f
this area. Amendments to a T I F P lan require a cons ultation with taxing
entites, whic h was held on Novemb er 8, 2017.
T he P lanning, P ro gramming and Zo ning C ommis s ion reviewed the
p ro p o s ed amendment at their regular meeting on Novemb er 14, 2017 and
unanimous ly rec o mmended ap p ro val o f the amend ment.
Exp enditure R equired :No ne
S ource o f F und s :n/a
P olic y Issue:Econo mic Develo p ment, S trategic P lan p o lic es 1, 3 and 4.
Legal Desc riptio ns :S ee Attached
Page 42 of 381
Prepared by Aric Schroeder, City of Waterloo, 715 Mulberry Street, Waterloo, IA, 50703 319 -291-4366
Return to preparer after recording.
AMENDMENT 3 TO
NORTHEAST INDUSTRIAL AREA URBAN RENEWAL AND REDEVELOPMENT PLAN
RECITALS
A. On February 15, 1993, the City Council of the City of Waterloo, Iowa (the “City”)
adopted Ordinance No. 3925 and on February 8, 1993 adopted Resolution No.
1993-57, determining that certain areas located within the City are eligible and
should be designated as an urban renewal area under Iowa law, and approved and
adopted the Northeast Industrial Area Development Plan of the City of Waterloo
Iowa (the “Plan”) (Original area).
B. On April 26, 2004, the City Council adopted Ordinance No. 4688 and Resolution
No. 2004-254, in which it was agreed to amend the Plan by enlarging the area
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
1 area).
C. On October 12, 2015, the City Council adopted Ordinance No. 5309 and on
October 5, 2015 adopted Resolution No. 2015-801, in which it was agreed to
amend the Plan by enlarging the area included therein, renaming the Plan as the
Northeast Industrial Area Urban Renewal and Redevelopment Plan, and one or
more other amendments have been made to the Plan to include additional urban
renewal projects or for other purposes (Amendment No. 2 area).
D. The City desires to amend the Plan again to reduce the area included therein and
to update related information in the Plan. Said amendment may be referred to as
Amendment No. 3 removal area.
AMENDMENT
NOW THEREFORE, the Northeast Industrial Area Urban Renewal and Redevelopment
Plan, as previously amended, is hereby further amended as follows:
1. Attachments A and B to the Plan are hereby stricken in their entirety, and the
new Attachments A and B which are attached hereto are substituted in their place so that the
Page 43 of 381
2
Plan shows the current legal description and map, describing and depicting the boundaries of
the Northeast Industrial Area Urban Renewal and Redevelopment Plan and TIF District, as
amended.
2. The attachments listed below, each of which is attached hereto, are included in
this amendment to show compliance with procedural requirements under state law for adoption
of this amendment, but do not replace or supersede similar attachments to the original Plan or
any amendment thereto adopted prior to this amendment:
Attachment G (Planning, Programming & Zoning resolution)
Attachment H (notice of consultation)
Attachment I (resolution adopting this amendment)
Attachment J (ordinance adopting amended TIF district)
Attachment K (notice of public hearing)
3. Except as modified by this amendment, the Plan, as previously amended, shall
continue unmodified in full force and effect.
PASSED AND APPROVED this _____ day of ______________, 2017.
______________________________
Quentin Hart, Mayor
ATTEST:
______________________________
Kelley Felchle, City Clerk
Page 44 of 381
0 10.5 Miles±
Attachment A - Northeast Industrial Area T.I.F. District Removal
N o r t h e a s t D r
Newell Street
U n i o n P a c i f i c R R
N o r t h E l k R u n R o a d
Independence Ave
John Deere
MLK Jr. Drive
Legend
Removed Areas
Existing TIF District Boundary
Tyson
Page 45 of 381
Attachment B
NORTHEAST INDUSTRIAL AREA URBAN RENEWAL AND REDEVELOPMENT PLAN
URBAN RENEWAL AREA LEGAL DESCRIPTIONS
Original area (1993) (Original Subarea)
Part of Sections 15, 20, 21 and 22, Township 89 North, Range 12 West of the 5 th Principal Meridian
in the City of Waterloo, Black Hawk County, Iowa, described as follows:
Beginning at the Southeasterly corner of Section 20, Township 89, Range 12, thence West along the
South line of said Section to a point that is sixty-six (66) feet West of the West line of the East one-half
(1/2) of the Southeast quarter (SE 1/4) of said Section, thence North along a line sixty-six (66) feet West
of the West line of said East one-half (1/2) to its intersection with the South line of the North one-half
(1/2) of the Northwest quarter (NW 1/4) of the Southeast quarter (SE 1/4) Section 20, thence West on said
South line and its extension Westerly to the South line of the Union Pacific Railroad Right-of-Way,
thence Northeasterly along said right-of-way line to its intersection with the West line of the East one
quarter (1/4) of said Section, thence Northerly along the West line of the Northeast quarter (NE 1/4) of
the Southeast quarter (SE 1/4) said Section to the Southwest corner of the Southeast quarter (SE 1/4) of
the Northeast quarter (NE 1/4) said Section, thence West along the South line of the North one-half (1/2)
of said Section to the West line of said Section, thence North along the West line to the Northwest corner
of the Southwest quarter (SW 1/4) of the Northwest quarter (NW 1/4) said Section, thence East one
hundred ninety-four and four tenths (194.4) feet, thence North parallel to the West line of said Section to
the North line of said Section, thence East to the Northeast corner of said Section 20, thence continuing
East along the North line Section 21, Township 89, Range 12 to the Northeast corner of said Section,
thence North along the West line of Section 15, Township 89, Range 12 to the Northwest corner of the
Southwest quarter (SW 1/4) of the Southwest quarter (SW 1/4) said Section, thence East along the North
line of the Southwest quarter (SW 1/4) of the Southwest quarter (SW 1/4) to the Northeast corner of said
quarter (1/4) quarter (1/4) said Section, thence South along the East line of the Southwest quarter (SW
1/4) of the Southwest quarter (SW 1/4) said Section to its intersection with the South line of the Union
Pacific Railroad Right-of-Way, thence Northeasterly along said South Right-of-Way line to its
intersection with the East line of the Southeast quarter (SE 1/4) of the Southwest quarter (SW 1/4) of said
Section, said point also being a point on the current Corporate City Limit Line of Waterloo, thence South
following the current (1992) Corporate Limits of said City to the South line of Section 15, said line also
being the North line of Section 22, Township 89, Range 12, thence continuing South along the East line
of the Northeast quarter (NE 1/4) of the Northwest quarter (NW 1/4) of Section 22, Township 89, Range
12 to a point that is 680 feet South of the North line said Section, thence West along a line 680 feet
normally distant Southerly of the Section line approximately 1500’, thence North 40°01’01” West
166.19 feet, thence North 15°32’50” West 194.91 feet, thence North 02°34’55” West 174.45 feet, thence
North 32°18’09” East 115.17 feet, thence North 57°10’27” East 111.27 feet to the South line of the Union
Pacific Railroad Right of Way, thence South 70°11’41” West along said South Right-of-Way line to a
point that is 264.54 feet Northeasterly of the West line Section 22, thence South 86°28’27” East 190.29
feet, thence South 73°13’02” East 119.21 feet, thence South 61°04’21” East 154.14 feet, thence South
Page 46 of 381
40°08’51” East 145.09 feet, thence South 24°47’31” East 141.92 feet, thence South 9°45’15” East 287.51
feet, thence South 0°06’ West 261.27 feet, thence South 14°18” West 256.24 feet, thence South 65.02
feet, thence West 766 feet to the East line of North Elk Run Road, thence South 70 feet along said right-
of-way, thence East 391 feet, thence South 60 feet, thence East 130 feet, thence South 60 feet, thence East
165 feet, thence South 0°07’14” East 777.35 feet, thence South 81°02’06” West 255.19 feet, thence South
94.32 feet to the South line of the Northwest quarter (NW 1/4) of said Section, thence West along said
South line to the centerline of North Elk Run Road, which is also a point on the West line Section 22,
Township 89, Range 12, thence North along said West line to the South line of the Union Pacific Railroad
Right of Way, thence Southwesterly along said South Right-of-Way line through Section 21, Township
89, Range 12 to its intersection with the West line of Southeast quarter (SE 1/4) of the Northwest quarter
(NW 1/4), of Section 21, thence South along said West line to the Northwest corner of the Northeast
quarter (NE 1/4) of the Southwest quarter (SW 1/4) said Section, thence East along the North line of the
Southwest quarter (SW 1/4) of said Section to the center of Section 21, said point also being a point on
the corporate limit line of Waterloo, thence South along the East line of the Southwest quarter (1/4) of
said Section to the South line of said Section, thence West along the South line of Section 21 to the point
of beginning, all in the City of Waterloo, Black Hawk County, Iowa.
Amendment No. 1 area (2004) (Amendment No. 1 Subarea) (as modified by Amendment
No. 3 (2017))
That part of Section 21, Township 89 North, Range 12 West, as follows:
The Southeast ¼ of said Section, except the Southeast ¼ of the Southeast ¼ of said Section, and
except the East 332 feet of the South 693 feet of the Southwest ¼ of the Southeast ¼ said Section.
And,
That part of Section 20, Township 89 North, Range 12 West, as follows:
Beginning at a point on the West line of said Section 20 that is 990’ North of the Southwest corner of said
Section, thence North along the West line of said Section to the West ¼ corner of said Section, thence
East along the centerline of said Section to the point where it intersects the Northwest corner of the
Northeast ¼ of the Southeast ¼ of said Section, thence South along the West line of the Northeast ¼ of
the Southeast ¼ of said Section to the South line of the Union Pacific Railroad Right of Way, thence
Southwesterly along said South Right of Way line to the South line of the North ½ of the Northeast ¼ of
the Southwest ¼ of Section 20 Township 89 Range 13, thence East along the South line of North ½ of the
Northeast ¼ of the Southwest ¼ and the South line of the North ½ of the Northwest ¼ of the Southeast ¼
to its intersection with a line 66 feet West of and parallel to the West line of the East ½ of the Southeast ¼
said Section, thence South along said parallel line to the South line of said Section, thence West along the
South line of said Section to the centerline of Northeast Drive (formerly Bishop Avenue), thence
Northerly along the centerline of Northeast Drive, as now established, to North line of the South 990’ of
said Section, thence West along the North line of the South 990’ of said Section to the point of beginning,
all in the City of Waterloo, Black Hawk County, Iowa.
Page 47 of 381
Except the following areas removed from the Amendment No. 1 area by Amendment No. 3 (2017):
The Northeast ¼ of the Southeast ¼ of Section 21, Township 89 North, Range 12 West of the Fifth
Principal Meridian, Black Hawk County, Iowa.
Also except a parcel of land located in the Northwest ¼ of the Southeast ¼ of Section 21, Township 89
North, Range 12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, more particularly
described in LD Book 571 Page 808 in the office of the Black Hawk County Recorder.
Also except that part of the above described Amendment No. 1 area located in Section 20, Township 89
North, Range 12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, but not excepting that
part of the West ½ of the Northeast ¼ of the Southwest Quarter of said Section 20 lying South of the
Union Pacific Railroad, and not excepting that part of the North 5 acres of the West ½ of the Southeast ¼
of the Southwest ¼ of said Section 20 lying Northwesterly of the Northwesterly right of way line of
Northeast Drive (formerly Bishop Avenue), and not excepting the Union Pacific Railroad Right of Way.
Amendment No. 2 area (2015) (Amendment No. 2 Subarea)
That part of the East One-half of the Southwest Quarter of Section 15, Township 89 North, Range 12
West of the Fifth Principal Meridian, Waterloo, Black Hawk County Iowa, lying North of the Union
Pacific Railroad Right-of-Way, except the North 990 feet thereof.
Page 48 of 381
DATE: October 13, 2017
TO: Planning and Zoning Commission Members
From: Aric A. Schroeder, City Planner
RE: Proposed Amendments to the Northeast Industrial Area Urban Renewal
Planning staff is proposing to amend the Northeast Industrial Area Urban
Renewal and Redevelopment Plan and TIF District by removing multiple areas
from the existing TIF boundary, and then putting those areas back into the TIF
boundary. The end result of the amendments will not increase the area of the
existing TIF boundary. The areas being removed and then put back in the TIF are
undeveloped areas that are not likely to develop before their 20 year sunset, and
the amendment will establish a new 20 year sunset for these areas. Once removed
from the existing TIF, any increment will be released from the TIF, and once put
back in, the current values will become the new frozen base that is released to all
taxing entities, including the City of Waterloo’s general fund. Only future
increment from future development of these areas would be captured by the TIF.
This would appear to be the best model to accomplish economic development of
this area. The amendment will also update projects and project budgets to be
included in the Plan, and include other general updates to the Plan.
Attached are three maps, including a map that shows the existing Northeast
Industrial Area TIF District Boundary, as well as a map that shows what areas
would be removed (Amendment No. 3), and then a map that shows the areas to be
put back into the TIF District (Amendment No. 4).
If you have any questions on the amendments, please contact our office.
Respectfully,
Aric A. Schroeder,
City Planner
Mayor
QUENTIN
HART
COUNCIL
MEMBERS
TOM
POWERS
Ward 1
BRUCE
JACOBS
Ward 2
PAT
MORRISSEY
Ward 3
JEROME
AMOS
Ward 4
RON
WELPER
Ward 5
TOM
LIND
At-Large
STEVE
SCHMITT
At-Large
COMMUNITY PLANNING AND DEVELOPMENT
715 Mulberry Street Waterloo, Iowa 50703-5783 (319) 291-4366 Fax (319) 291-4262
NOEL ANDERSON, Community Planning & Development Director
WE’RE WORKING FOR YOU!
An Equal Opportunity/Affirmative Action Employer
Page 49 of 381
0 10.5 Miles±
Northeast Industrial Area T.I.F. District Boundary Map
N o r t h e a s t D r
Newell Street
U n i o n P a c i f i c R R
N o r t h E l k R u n R o a d
Independence Ave
John Deere
MLK Jr. Drive
Tyson
Original Area
Amend. #1 AreaAmend. #1 Area
A m e n d .
#2 A r e a
O r i g . A r e a
O r i g . A r e a
Legend
Existing TIF District Boundary
Page 50 of 381
0 10.5 Miles±
Attachment A - Northeast Industrial Area T.I.F. District Removal
N o r t h e a s t D r
Newell Street
U n i o n P a c i f i c R R
N o r t h E l k R u n R o a d
Independence Ave
John Deere
MLK Jr. Drive
Legend
Removed Areas
Existing TIF District Boundary
Tyson
Page 51 of 381
0 10.5 Miles±
Attachment A - Northeast Industrial Area T.I.F. District Expansion
N o r t h e a s t D r
Newell Street
U n i o n P a c i f i c R R
N o r t h E l k R u n R o a d
Independence Ave
John Deere
MLK Jr. Drive
Tyson
Legend
Northeast TIF Expansion Area
Existing TIF District Boundary
Page 52 of 381
C ITY OF WATER LOO
Council Communication
No rtheas t Indus trial Area Urb an R enewal and R ed evelopment P lan Amendment No . 4 Expans io n Area, to
expand the boundaries o f the T I F area and inc lud e other updates .
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 12:59 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:10 P M
ATTA C H M EN TS :
Description Type
N E Amendment N o 4 B ackup M aterial
P &Z M emo for N ortheast Amendments B ackup M aterial
S UB J E C T:
Motio n to rec eive and file proof o f pub lic ation of notice o f pub lic hearing.
HO LD HEAR ING - No comments o n file.
Motio n to c lo s e hearing and rec eive and file o ral and written comments, and
recommendatio n o f approval of the P lanning, P ro gramming and Zo ning
C o mmis s ion.
R es o lution affirming p revious determination of an area of the C ity to be an
econo mic develo p ment area, determining that the d evelopment o r
red evelopment of s aid area is necessary in the interest of the pub lic health,
s afety or welfare, d es ignating s aid area as ap p ro p riate fo r an urb an renewal
p ro ject, and approving the p lan amendment.
Motio n to rec eive, file, c o nsider and p as s fo r the firs t time an O rdinanc e
p ro viding that general p ro p erty taxes levied and c o llected eac h year o n all
p ro p erty lo c ated within the newly exp and ed Northeast Indus trial Area Urban
R enewal and R ed evelopment P lan Area, in the C ity o f Waterloo, C onty o f
Blac k Hawk, S tate o f Io wa, by and for the b enefit of the S tate o f Io wa, C ity
o f Waterlo o , C o unty of Blac k Hawk, Waterloo C o mmunity S c hool Dis tric t
and o ther taxing dis tricts , b e paid to a spec ial fund for p ayment o f princ ip al
and interes t on loans , mo nies ad vanced to and ind eb tednes s , inc luding
b o nds is s ued or to b e issued , inc urred by s aid C ity in c o nnectio n with s aid
urban renewal P rojec t.
Motio n to s us p end the rules .
Motio n to c o ns ider and p as s for the sec ond and third times and ad o p t the
O rdinanc e.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning and Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro val
By separate ac tio n the Northeast Indus trial Area Urban R enewal and
Page 53 of 381
S ummary S tatement:
R ed evelop ment P lan is b eing amend ed to remo ve multip le areas fro m the
existing T I F boundary. T his amend ment will p ut these areas bac k into the
T I F bound ary. T he end res ult of the amendments will not increase the area
o f the existing T IF boundary. T he areas being remo ved and then p ut bac k
in the T I F are und eveloped areas that are no t likely to develo p before their
20 year suns et, and the amendment will es tab lis h a new 20 year sunset fo r
thes e areas . O nc e removed from the exis ting T I F, any inc rement will be
releas ed fro m the T IF, and o nc e put b ack in, the current values will b eco me
the new frozen bas e that is released to all taxing entities , inc luding the C ity of
Waterlo o 's general fund. O nly future inc rement fro m future develo p ment o f
thes e areas wo uld b e c ap tured by the T I F. T his wo uld ap p ear to be the b es t
mo d el to ac c o mp lis h econo mic d evelopment of this area. Amend ments to a
T I F P lan req uire a c o nsultatio n with taxing entities , whic h is was held on
No vember 8, 2017. T he amendment will als o update projec ts and inc lud e
ad d itional p ro jec ts and up d ate related financ ial info rmation, and inc lude other
general updates to the P lan.
T he P lanning, P ro gramming and Zo ning C ommis s ion reviewed the
p ro p o s ed amendment at their regular meeting on Novemb er 14, 2017 and
unanimous ly rec o mmended ap p ro val o f the amend ment.
Exp enditure R equired :No ne
S ource o f F und s :n/a
P olic y Issue:Econo mic Develo p ment, S trategic P lan P o lic ies 1, 3 and 4.
Legal Desc riptio ns :S ee Attached
Page 54 of 381
Prepared by Aric Schroeder, City of Waterloo, 715 Mulberry Street, Waterloo, IA, 50703 319 -291-4366
Return to preparer after recording.
NORTHEAST INDUSTRIAL AREA URBAN RENEWAL AND
REDEVELOPMENT PLAN
(AMENDMENT NO. 4 - 2017)
Page 55 of 381
1
INTRODUCTION
The City of Waterloo 2010 Strategic Development Plan states the need to diversify and increase
the property tax base by encouraging the retention and expansion and attraction of business and
industry. The Land Use Plan states that the City should continually explore incentives to
encourage development and increase employment that will help the City achieve these goals.
Under the present circumstances, there is the need to bring about economic development; i.e., the
expansion of existing industry and the attraction of new industry, which will further diversify
and increase the property tax base and which will increase employment opportunities.
The 2010 Plan also states that the City of Waterloo should develop the Northeast Industrial Area
into a nationally recognized industrial park. This is made possible with the construction of North
Elk run Road, the sewage lagoon and the proposed Martin Luther King Drive.
The Northeast Industrial Area Urban Renewal and Redevelopment Plan presents a proposal for
the location of an industrial park on various lands at and near the Northeast Industrial Area. The
Plan also will allow tax increment revenue to be used as incentives for the development of the
area. These incentives would be negotiated and approved on a project-by-project basis at future
dates.
To achieve the primary objectives of this Plan, the City of Waterloo shall undertake the urban
renewal actions as specified in this tax increment plan, pursuant to the powers granted to it under
Chapter 403 of the Code of Iowa, as amended.
Page 56 of 381
2
TABLE OF CONTENTS
I. NORTHEAST INDUSTRIAL AREA URBAN RENEWAL AND REDEVELOPMENT PLAN
AS AMENDED.
A. DESCRIPTION OF PROJECT
B. LAND USE PLAN
C. PROJECT PROPOSALS
D. OTHER PROVISIONS NECESSARY TO MEET STATE AND
LOCAL REQUIREMENTS
E. PROCEDURES FOR CHANGES IN THE PLAN
F. RELOCATION
G. BONDING CAPACITY
II. PROJECT BUDGET
A. NARRATIVE
B. LOANS OR GRANTS
C. TAX INCREMENT FINANCING
III. LEGAL DATA – ATTACHMENTS
A. BOUNDARY MAP
B. LEGAL DESCRIPTION
C. STUDY OF BONDING CAPACITY
D. PROJECT PROPOSALS AND BUDGET
E. ACQUISITION CHECKLIST
F. RELOCATION CHECKLIST
G. PLANNING, PROGRAMMING & ZONING COMMISSION
RESOLUTION
H. NOTIFICATION TO TAXING ENTITIES AND RECORD OF
CONSULTATION
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3
I. RESOLUTION ADOPTING PLAN
J. ORDINANCE ADOPTING TAX INCREMENT FINANCING DISTRICT
K. NOTICE OF PUBLIC HEARING
Page 58 of 381
4
I. NORTHEAST INDUSTRIAL AREA URBAN RENEWAL AND REDEVELOPMENT PLAN
AS AMENDED.
A. Description of Project
1. Boundary Map (See Attachment “A”)
2. Boundary Description (See Attachment “B”)
3. Findings and Objectives
a. Findings
The City of Waterloo proposes to undertake an Urban Renewal
Project under the provisions of Iowa Code Chapter 403, as
amended to date.
It is hereby found and declared that there exists in the proposed
Northeast Industrial Area Urban Renewal and Redevelopment Plan
Area the continuing need for programs to alleviate and prevent
conditions of unemployment; and that it is accordingly necessary
to assist and retain local retail and commercial enterprises to
strengthen and revitalize the economy of this City; that accordingl y
it is necessary to provide means and methods for the
encouragement and assistance of retail and commercial enterprises
in locating, purchasing, constructing, reconstructing, modernizing,
improving, maintaining, repairing, furnishing, equipping, and
expanding in this City; and that it is also necessary to encourage
the location and expansion of commercial enterprises to more
conveniently provide needed services and facilities of the
commercial enterprises to Waterloo and the residents of the City.
b. Objectives of the Plan
This Plan is intended to strengthen the economy and to promote
retail and other commercial development, expansion of existing
business and industry and attraction of new commercial projects.
In accordance with this public purpose, the Northeast Industrial
Area Project is intended to accomplish the following objectives:
(1) To provide for the expansion of the existing uses and the
establishment of new uses which are essential for the
economic development and redevelopment of the area.
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5
(2) Encourage investment in the residential, commercial, and
industrial existing uses and in vacant land in the Northeast
Industrial Area by enhancing the environment and making
it more conducive to economic development.
(3) Provide incentives to expand existing business and attract
new industrial and commercial uses as allowed under
Chapter 15A of the Code of Iowa, such as tax abatements,
tax rebates, land acquisition, demolition, infrastructure
provision, removal, and relocation, loans, grants and/or any
other incentives that will result in redevelopment of the
Northeast Industrial Area.
(4) Increase employment opportunities for the citizens of
Waterloo.
(5) Provide the necessary infrastructure, including but not
limited to: sanitary sewer, storm sewer, streets, rail, traffic
control, parking, skywalks, street amenities, etc., which
may be necessary as the area is developed.
(6) All of the objectives adopted by the original plan adopted
in 1993, Amendment No. 1 adopted in 2004, and
Amendment No. 2 adopted in 2015.
B. Land Use Plan
1. This Plan is in conformance with the previously adopted Comprehensive
Plan for the City of Waterloo.
2. As part of good planning and land use, the following goals are inherent to
the realization of Plan objectives:
a. Stimulate land uses which will strengthen and complement existing
sound land use relationships within the surrounding community.
b. Stabilize and increase employment in the area.
c. Encourage investment in the area.
d. Conserve and enhance the existing community facilities necessary
to serve the surrounding area.
3. This Plan is consistent with the Comprehensive Plan in that both strive to:
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6
a. Maintain the City’s role as a regional center of commerce and
industry.
b. Assure land uses which will strengthen and complement existing
appropriate land use relationships within the surrounding
community.
c. Encourage sound growth and investment in the area.
d. Increase employment in the area by encouraging economic
development.
e. Provide economic incentives that may increase employment
opportunities within the City.
C. Project Proposals
1. General Renewal Activities
a. The City intends to acquire land or interests in land to facilitate
development that is consistent with this Plan and site
improvements.
b. The City intends to provide public facilities that are needed from
time to time such as streets, rail, sanitary sewers, storm sewers,
parking, traffic control, streetscape amenities, skywalks, rail
access, etc.
c. The City may make loans or grants to private persons or businesses
for economic development and/or redevelopment purposes on such
terms as may be determined by the City Council.
d. The City may borrow money and provide security therefor.
e. The City may establish and enforce controls, standards, and
restrictions on land use and buildings.
f. The City may make or have made surveys and plans necessary for
the implementation of the urban renewal program and specific
urban renewal project activities.
g. The City may use tax increment financing to achieve a more
marketable and competitive land-offering price, to provide for
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7
necessary physical improvements and infrastructure, and to fund
other urban renewal project costs.
h. The City may use any and all other powers, without limitation,
granted by the Iowa Code to develop and provide for improved
economic conditions in the City of Waterloo.
i. Pay all legal fees, consulting fees, and related expenses associated
with the administration and operation of the Northeast Industrial
Area.
2. Land Acquisition and Disposition
The City may finance the acquisition of one or more tracts of land in the
Project Area for purposes of private development. Other areas may be
identified for acquisition in the future for the following purposes:
a. To provide sites for needed private and public improvements or
facilities or other public purposes, in proper relationship to the
projects demand for such facilities and in accordance with
accepted criteria for the development of such facilities.
b. To assemble land into parcels of adequate size and shape to meet
contemporary development needs and standards and to allow new
construction to meet the objectives of the plan.
c. To acquire any and all interests in any property within the Project
Area which in any way dominates or controls usage of other real
property proposed to be acquired.
The City may make improvements in preparation for redevelopment or
transfer of land to private developers. Improvements will be
accomplished in accordance with the goals and objectives of this plan and
in concert with other actions to ensure timely improvement of the land.
The City may advertise and solicit development proposals, may negotiate
directly with prospective developers, and may dispose of all or a portion
of the property acquired by it for the purpose of redevelopment in
accordance with the goals and objects of this plan. The property so
disposed of may include vacated right-of-way and other lands under public
ownership which are not needed for public purposes.
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8
The City may subdivide, vacate, or otherwise change the recorded
arrangement of property under its control to accomplish the goals and
objectives of this plan.
3. Northeast Industrial Area Projects
a. Over time project agreements will be developed to outline
specifics of projects that meet the objectives of the Northeast
Industrial Area. The known and anticipated projects are listed in
Attachment D. In the future this list of projects may be amended or
added by the action of the City Council after proper notice and
hearing.
4. Public Improvements
a. Infrastructure such as streets, rail, sewers, parking, streetscape,
skywalks, sidewalks, bridge improvements, etc. will be constructed
in association with enhancing the new development projects using
the local option sales tax for street reconstruction, MPO federal
road funds, potential grants, and G.O. bonds which will be paid off
with the increased tax increment revenues resulting from private
investment in the Northeast Industrial area.
D. Other Provisions Necessary to Meet State and Local Requirements
1. In accordance with this Urban Renewal and Redevelopment Plan, the City
of Waterloo will take whatever action it deems necessary to close, vacate,
plan or replan streets, roads, rail, sidewalks, walkways or other places
within the Project Area.
2. In the event it is deemed necessary for the successful implementation of
the plan to acquire any properties, land acquisition procedures will be in
conformance with policies and procedures used in the City’s acquisition
programs. (Current policy attached as Attachment “E”)
E. Procedures for Changes in the Plan
1. This plan may be modified at any time provided it is done in accordance
with Iowa Code Chapter 403, and the proposed plan modification is
approved by the Waterloo Planning, Programming and Zoning
Commission (when required) and a public hearing is held.
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9
F. Relocation
1. All relocation will be carried out in accordance with Iowa Code, Section
403.5(4)(a), and in the event any properties are acquired and it is
necessary to relocate families, individuals or businesses, relocation
assistance will be provided by the City’s Community Planning and
Development Relocation staff. (Current policy attached as Attachment
“F”)
G. Bonding Capacity
1. For updated information about unused bonding capacity for the City of
Waterloo, see Attachment “C” attached to the latest Plan amendment.
II. PROJECT BUDGET
A. Narrative
The Northeast Industrial Area Urban Renewal and Redevelopment Plan includes the
area as described in Attachment “B”. As each project is developed, the City Council
may enter into a specific project agreement, which will identify the specific financial
incentives that may be used on each project. Therefore, a total value on the financial
incentives cannot be identified at this time.
The following projects will be developed, but specific project budgets cannot be
identified as specific locations are not available. However, preliminary budgets for
known and anticipated projects are listed in Attachment “D”.
1. Acquisition of property.
2. Tax rebate program
The property tax assessment base on the real estate where a new development
and/or rehabilitation/renovation is completed is frozen. While the frozen
amount will be guaranteed to each new taxing jurisdiction, the increased tax
revenue resulting from the new development may be rebated annually to the
developer for up to ten (10) years, or twenty (20) years for monumental
projects. The developer may use these funds in two ways: (1) to pay off
private debt incurred in financing the new construction and/or the
rehabilitation/renovation of an existing commercial building, or (2) to pay off
public improvements (street and/or parking improvements, extension of
skywalks, etc.) associated with enhancing the new development and/or the
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10
total rehabilitation/renovation project. A specific project agreement will be
required for each project.
The taxable value must be increased by a minimum of 10% and increase the
annual tax by a minimum of $500.00. This program is not applicable to the
Self Supported Municipal Improvement District levy, other special tax
assessments, the debt service levy or any other levy exempted from treatment
as tax increment financing under applicable law.
3. Project loans and/or grants.
4. Infrastructure such as streets, sewers, parking, streetscape, bridge
improvements, skywalks, sidewalks, rail, etc.
B. Loans or Grants
The making of loans or grants of public funds to private businesses within the Project
Area may be deemed necessary or appropriate for economic development purposes
(as defined in Chapter 15A of the Code) and to aid in the planning, undertaking, and
carrying out of urban renewal project activities authorized under this Urban Renewal
Plan and the Code. In furtherance of the objectives under this Urban Renewal Plan,
the City may determine to issue general obligation bonds, tax increment revenue
bonds or other such obligations, or loan agreements for the purpose of making loans
or grant funds to private businesses located in the Project Area. Alternatively, the
City may determine to use available funds for making such loans or grants.
C. Tax Increment Financing
The City intends to utilize tax increment financing as a means to help pay for the
costs associated with the development of the Project Area. General obligation bonds,
tax increment revenue bonds or other such obligations or loan agreements may be
issued by the City. The tax increment reimbursement may be sought for, among other
things, the following costs (if and to the extent incurred by the City):
1. The construction of public improvements, such as streets, rail, sanitary sewers,
sewage treatment lagoons, storm sewers, bridge improvements, parking
facilities, water mains or sidewalks;
2. The acquisition of land and preparation of same for sale to private developers
or for public purposes or public improvements;
Page 65 of 381
11
3. The making of loans or grants to private businesses under Chapter 15A or
Chapter 403 of the Code, including debt service payments on any bonds or
notes issued to finance such loans or grants; or
4. Providing the local matching share of CEBA, RISE, MPO, HQJC, or other
state, federal, or local grants and loan programs.
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 15A, Chapter 260E,
Chapter 384, Chapter 403, Chapter 404, Chapter 472B, or any other provision of
the Code in furtherance of the objectives of this Urban Renewal Plan.
III. LEGAL DATA - ATTACHMENTS
See Attachments A-K.
A. Boundary Map
B. Legal Description
C. Study of Bonding Capacity
D. Project Proposals and Budget
E. Acquisition Checklist
F. Relocation Checklist
G. Planning, Programming & Zoning Commission Resolution
H. Notification to Taxing Entities and Record of Consultation
I. Resolution Adopting Plan
J. Ordinance Adopting Tax Increment Financing District
K. Notice of Public Hearing
Page 66 of 381
0 10.5 Miles±
Attachment A - Northeast Industrial Area T.I.F. District Expansion
Northeas
t
D
r
Newell Street
Union Pac
i
f
i
c
R
R
No
r
t
h
E
l
k
R
u
n
R
o
a
d
Independence Ave
John Deere
MLK Jr. Drive
Tyson
Legend
Northeast TIF Expansion Area
Existing TIF District Boundary
Page 67 of 381
Attachment B
NORTHEAST INDUSTRIAL AREA URBAN RENEWAL AND REDEVELOPMENT PLAN
URBAN RENEWAL AREA LEGAL DESCRIPTIONS
Original area (1993) (Original Subarea)
Part of Sections 15, 20, 21 and 22, Township 89 North, Range 12 West of the 5 th Principal Meridian
in the City of Waterloo, Black Hawk County, Iowa, described as follows:
Beginning at the Southeasterly corner of Section 20, Township 89, Range 12, thence West along the
South line of said Section to a point that is sixty-six (66) feet West of the West line of the East one-half
(1/2) of the Southeast quarter (SE 1/4) of said Section, thence North along a line sixty-six (66) feet West
of the West line of said East one-half (1/2) to its intersection with the South line of the North one-half
(1/2) of the Northwest quarter (NW 1/4) of the Southeast quarter (SE 1/4) Section 20, thence West on said
South line and its extension Westerly to the South line of the Union Pacific Railroad Right-of-Way,
thence Northeasterly along said right-of-way line to its intersection with the West line of the East one
quarter (1/4) of said Section, thence Northerly along the West line of the Northeast quarter (NE 1/4) of
the Southeast quarter (SE 1/4) said Section to the Southwest corner of the Southeast quarter (SE 1/4) of
the Northeast quarter (NE 1/4) said Section, thence West along the South line of the North one-half (1/2)
of said Section to the West line of said Section, thence North along the West line to the Northwest corner
of the Southwest quarter (SW 1/4) of the Northwest quarter (NW 1/4) said Section, thence East one
hundred ninety-four and four tenths (194.4) feet, thence North parallel to the West line of said Section to
the North line of said Section, thence East to the Northeast corner of said Section 20, thence continuing
East along the North line Section 21, Township 89, Range 12 to the Northeast corner of said Section,
thence North along the West line of Section 15, Township 89, Range 12 to the Northwest corner of the
Southwest quarter (SW 1/4) of the Southwest quarter (SW 1/4) said Section, thence East along the North
line of the Southwest quarter (SW 1/4) of the Southwest quarter (SW 1/4) to the Northeast corner of said
quarter (1/4) quarter (1/4) said Section, thence South along the East line of the Southwest quarter (SW
1/4) of the Southwest quarter (SW 1/4) said Section to its intersection with the South line of the Union
Pacific Railroad Right-of-Way, thence Northeasterly along said South Right-of-Way line to its
intersection with the East line of the Southeast quarter (SE 1/4) of the Southwest quarter (SW 1/4) of said
Section, said point also being a point on the current Corporate City Limit Line of Waterloo, thence South
following the current (1992) Corporate Limits of said City to the South line of Section 15, said line also
being the North line of Section 22, Township 89, Range 12, thence continuing South along the East line
of the Northeast quarter (NE 1/4) of the Northwest quarter (NW 1/4) of Section 22, Township 89, Range
12 to a point that is 680 feet South of the North line said Section, thence West along a line 680 feet
normally distant Southerly of the Section line approximately 1500’, thence North 40°01’01” West
166.19 feet, thence North 15°32’50” West 194.91 feet, thence North 02°34’55” West 174.45 feet, thence
North 32°18’09” East 115.17 feet, thence North 57°10’27” East 111.27 feet to the South line of the Union
Pacific Railroad Right of Way, thence South 70°11’41” West along said South Right-of-Way line to a
point that is 264.54 feet Northeasterly of the West line Section 22, thence South 86°28’27” East 190.29
feet, thence South 73°13’02” East 119.21 feet, thence South 61°04’21” East 154.14 feet, thence South
Page 68 of 381
40°08’51” East 145.09 feet, thence South 24°47’31” East 141.92 feet, thence South 9°45’15” East 287.51
feet, thence South 0°06’ West 261.27 feet, thence South 14°18” West 256.24 feet, thence South 65.02
feet, thence West 766 feet to the East line of North Elk Run Road, thence South 70 feet along said right-
of-way, thence East 391 feet, thence South 60 feet, thence East 130 feet, thence South 60 feet, thence East
165 feet, thence South 0°07’14” East 777.35 feet, thence South 81°02’06” West 255.19 feet, thence South
94.32 feet to the South line of the Northwest quarter (NW 1/4) of said Section, thence West along said
South line to the centerline of North Elk Run Road, which is also a point on the West line Section 22,
Township 89, Range 12, thence North along said West line to the South line of the Union Pacific Railroad
Right of Way, thence Southwesterly along said South Right-of-Way line through Section 21, Township
89, Range 12 to its intersection with the West line of Southeast quarter (SE 1/4) of the Northwest quarter
(NW 1/4), of Section 21, thence South along said West line to the Northwest corner of the Northeast
quarter (NE 1/4) of the Southwest quarter (SW 1/4) said Section, thence East along the North line of the
Southwest quarter (SW 1/4) of said Section to the center of Section 21, said point also being a point on
the corporate limit line of Waterloo, thence South along the East line of the Southwest quarter (1/4) of
said Section to the South line of said Section, thence West along the South line of Section 21 to the point
of beginning, all in the City of Waterloo, Black Hawk County, Iowa.
Amendment No. 1 area (2004) (Amendment No. 1 Subarea) (as modified by Amendment
No. 3 (2017))
That part of Section 21, Township 89 North, Range 12 West, as follows:
The Southeast ¼ of said Section, except the Southeast ¼ of the Southeast ¼ of said Section, and
except the East 332 feet of the South 693 feet of the Southwest ¼ of the Southeast ¼ said Section.
And,
That part of Section 20, Township 89 North, Range 12 West, as follows:
Beginning at a point on the West line of said Section 20 that is 990’ North of the Southwest corner of said
Section, thence North along the West line of said Section to the West ¼ corner of said Section, thence
East along the centerline of said Section to the point where it intersects the Northwest corner of the
Northeast ¼ of the Southeast ¼ of said Section, thence South along the West line of the Northeast ¼ of
the Southeast ¼ of said Section to the South line of the Union Pacific Railroad Right of Way, thence
Southwesterly along said South Right of Way line to the South line of the North ½ of the Northeast ¼ of
the Southwest ¼ of Section 20 Township 89 Range 13, thence East along the South line of North ½ of the
Northeast ¼ of the Southwest ¼ and the South line of the North ½ of the Northwest ¼ of the Southeast ¼
to its intersection with a line 66 feet West of and parallel to the West line of the East ½ of the Southeast ¼
said Section, thence South along said parallel line to the South line of said Section, thence West along the
South line of said Section to the centerline of Northeast Drive (formerly Bishop Avenue), thence
Northerly along the centerline of Northeast Drive, as now established, to North line of the South 990’ of
said Section, thence West along the North line of the South 990’ of said Section to the point of beginning,
all in the City of Waterloo, Black Hawk County, Iowa.
Except the following areas removed from the Amendment No. 1 area by Amendment No. 3 (2017):
Page 69 of 381
The Northeast ¼ of the Southeast ¼ of Section 21, Township 89 North, Range 12 West of the Fifth
Principal Meridian, Black Hawk County, Iowa.
Also except a parcel of land located in the Northwest ¼ of the Southeast ¼ of Section 21, Township 89
North, Range 12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, more particularly
described in LD Book 571 Page 808 in the office of the Black Hawk County Recorder.
Also except that part of the above described Amendment No. 1 area located in Section 20, Township 89
North, Range 12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, but not excepting that
part of the West ½ of the Northeast ¼ of the Southwest Quarter of said Section 20 lying South of the
Union Pacific Railroad, and not excepting that part of the North 5 acres of the West ½ of the Southeast ¼
of the Southwest ¼ of said Section 20 lying Northwesterly of the Northwesterly right of way line of
Northeast Drive (formerly Bishop Avenue), and not excepting the Union Pacific Railroad Right of Way.
Amendment No. 2 area (2015) (Amendment No. 2 Subarea)
That part of the East One-half of the Southwest Quarter of Section 15, Township 89 North, Range 12
West of the Fifth Principal Meridian, Waterloo, Black Hawk County Iowa, lying North of the Union
Pacific Railroad Right-of-Way, except the North 990 feet thereof.
Amendment No. 4 area (2017) (Amendment No. 4 Subarea)
The Northeast ¼ of the Southeast ¼ of Section 21, Township 89 North, Range 12 West of the Fifth
Principal Meridian, Black Hawk County, Iowa.
And,
A parcel of land located in the Northwest ¼ of the Southeast ¼ of Section 21, Township 89 North, Range
12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, more particularly described in LD
Book 571 Page 808 in the office of the Black Hawk County Recorder.
And,
That part of the above described Amendment No. 1 area located in Section 20, Township 89 North, Range
12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, except that part of the West ½ of the
Northeast ¼ of the Southwest Quarter of said Section 20 lying South of the Union Pacific Railroad, and
except that part of the North 5 acres of the West ½ of the Southeast ¼ of the Southwest ¼ of said Section
20 lying Northwesterly of the Northwesterly right of way line of Northeast Drive (formerly Bishop
Avenue), and except the Union Pacific Railroad Right of Way.
Page 70 of 381
Attachment C
City of Waterloo
Black Hawk County, Iowa
Study of Bonding Capacity as of January 1, 2015
January 1, 2015 Actual Gross Assessed Valuation $3,770,142,165
Legal Bonding Rate 5%
Legal Bonding Limit $ 188,507,108
Less Outstanding G.O. & Other Debt ($ 94,503,764)
Unused Gross bonding Capacity $ 94,003,344
50% of legal limit
Page 71 of 381
Project Proposals Proposed Budgets
1)Future or Anticipated Acquisition $2,800,000
2)Future or Anticiapted Demolition $500,000
3)Site Improvements, platting $2,000,000
4)Water & Sewer $2,000,000
5)Legal fees, consulting fees, and related expenses $500,000
associated with administration and operation of
the Urban Renewal Area
6)Miscellaneous (certification, environmental)$300,000
7)Railroad extension $700,000
8)Twin City Tannery - rebates $61,000
9)Veteran Enterprises - rebates $70,000
10)Ferguson Enterprises - rebates $625,000
11)Eagles Wings (Harris Cleaning) - rebates $40,000
12)ConTrol - rebates $150,000
13)Heavy water prospect - infrastructure and rebates $500,000
14)Light Industrial prospect - rebates $1,800,000
Total $12,046,000
Attachment D - Northeast Industrial Park Amendment No. 4 (2017)
Page 72 of 381
16
Attachment E
CITY OF WATERLOO, IOWA
ACQUISITION CHECKLIST
1. City of Waterloo personnel determine property owners affected by the project.
2. Land is appraised or compensation estimate by staff utilized. If appraised, appraisers
then inspect each property affected by the project and make a written appraisal report.
The appraisal report will estimate the current market value of the land and
improvements to be purchased by the City of Waterloo, plus any reduction in the
value of remaining property should its value be adversely affected. The appraiser will
contact the property owner for permission to inspect and study the property. The
appraiser will interview the landowner to get information about he use and operation
of the property to be purchased by the City of Waterloo.
3. The appraiser’s report will be reviewed by qualified review appraisers for the City of
Waterloo, if needed in specific acquisitions of contention.
4. The property owner will then be contacted by an acquisition agent from the City of
Waterloo to present the property owner with an offer to purchase. This dollar amount
is offered as just compensation for property being purchased by the City of Waterloo.
5. After agreement is reached, a contract is approved and signed by the City. Where
title conditions permit, a partial payment of the purchase price can also be made
available per the terms of the contract.
6. Reasonable time will be allowed for the occupant to vacate property purchased.
Occupant will not be required to move sooner than ninety (90) days from the date the
City makes the first offer to acquire the property.
7. Written notice specifying the date the property must be vacated will be given at least
thirty (30) days prior to the required vacation date. The thirty (30) day notice will not
be issued until payment by the City is received as agreed, or the money has been
deposited by the City as prescribed by law.
8. The City acquisition agent will arrange payment at the earliest possible date.
9. If the City’s acquisition offer is rejected, fair market value will be determined in the
course of eminent domain proceedings (commonly referred to as condemnation).
Page 73 of 381
17
Attachment F
CITY OF WATERLOO, IOWA
RELOCATION CHECKLIST
1. City of Waterloo personnel determine property owners affected by the project.
2. City of Waterloo relocation agent will contact family/occupant to determine the amount
of eligible relocation benefits such as:
a. Actual reasonable expenses as a result of moving (based upon two (2) quotations
from movers approved by City of Waterloo).
3. To be eligible for assistance, occupant must not move until negotiations have started on
the acquisition of the property without jeopardizing eligibility for moving cost
payments.
4. If dissatisfied with the determination of the amount of payment offered under the
Relocation Assistance Program, persons to be displaced may have the application
reviewed by:
a. Sending a written statement requesting the review and outlining the items in
dispute to the Community Planning & Development Director, Community
Planning and Development Department, City of Waterloo, 715 Mulberry Street,
Waterloo, Iowa 50703
b. Stating the amount or amounts being claimed, if any, and including
documentation and reasons why dissatisfied with the amount offered.
5. Upon receipt of the claim application, the Community Planning & Development
Director will appoint a review board and notify the applicant when and where a hearing
will be held. The review board will recommend a decision on the claim to the City of
Waterloo. The relocation agent will notify the applicant in writing of the City of
Waterloo’s decision within one (1) week.
Page 74 of 381
18
ATTACHMENT G
A RESOLUTION OF THE WATERLOO CITY PLANNING, PROGRAMMING, AND
ZONING COMMISSION
BE IT RESOLVED BY THE WATERLOO CITY PLANNING,
PROGRAMMING, AND ZONING COMMISSION OF THE CITY OF
WATERLOO:
WHEREAS, the Northeast Industrial Area Urban Renewal and Redevelopment Plan
Amendment No. 4 for a Tax Increment Financing District has been prepared by
the Planning and Zoning Department in Accordance with Chapter 403 of the Code
of Iowa; and
WHEREAS, said plan provides incentives for the expansion of the tax base improvements,
economic development and creation of jobs; and,
WHEREAS, said plan is in conformance with the Long Range Use Plan for this area,
NOW THEREFORE, BE IT RESOLVED that the Northeast Industrial Area Urban Renewal
and Redevelopment Plan Amendment No. 4 be and is hereby reviewed and placed on file and
recommended for approval and that the Secretary and Chairman of this Commission be and they
are hereby authorized and directed to certify a copy of this Resolution.
Passed and adopted this day of 2017.
Craig Holdiman, Chairperson
ATTEST:
Aric Schroeder, Secretary
CERTIFICATE
We, Craig Holidamn, Chairperson and Aric Schroeder, Secretary, of the Planning
Programming & Zoning Commission of the City of Waterloo, Iowa, do hereby certify that the
foregoing is a true and correct copy of a certain resolution adopted by the Planning,
Programming & Zoning Commission of the City of Waterloo, Iowa, on the date thereon
indicated.
Craig Holidman, Chairperson
Aric Schroeder, Secretary
Page 75 of 381
19
Attachment H
CITY OF WATERLOO, IOWA
CONSULTATION WITH TAXING ENTITIES
Page 76 of 381
20
Attachment I
CITY OF WATERLOO, IOWA
RESOLUTION ADOPTING
Page 77 of 381
21
Attachment J
CITY OF WATERLOO, IOWA
ORDINANCE ADOPTING
Page 78 of 381
22
Attachment K
CITY OF WATERLOO, IOWA
NOTICE OF PUBLIC HEARING
Page 79 of 381
DATE: October 13, 2017
TO: Planning and Zoning Commission Members
From: Aric A. Schroeder, City Planner
RE: Proposed Amendments to the Northeast Industrial Area Urban Renewal
Planning staff is proposing to amend the Northeast Industrial Area Urban
Renewal and Redevelopment Plan and TIF District by removing multiple areas
from the existing TIF boundary, and then putting those areas back into the TIF
boundary. The end result of the amendments will not increase the area of the
existing TIF boundary. The areas being removed and then put back in the TIF are
undeveloped areas that are not likely to develop before their 20 year sunset, and
the amendment will establish a new 20 year sunset for these areas. Once removed
from the existing TIF, any increment will be released from the TIF, and once put
back in, the current values will become the new frozen base that is released to all
taxing entities, including the City of Waterloo’s general fund. Only future
increment from future development of these areas would be captured by the TIF.
This would appear to be the best model to accomplish economic development of
this area. The amendment will also update projects and project budgets to be
included in the Plan, and include other general updates to the Plan.
Attached are three maps, including a map that shows the existing Northeast
Industrial Area TIF District Boundary, as well as a map that shows what areas
would be removed (Amendment No. 3), and then a map that shows the areas to be
put back into the TIF District (Amendment No. 4).
If you have any questions on the amendments, please contact our office.
Respectfully,
Aric A. Schroeder,
City Planner
Mayor
QUENTIN
HART
COUNCIL
MEMBERS
TOM
POWERS
Ward 1
BRUCE
JACOBS
Ward 2
PAT
MORRISSEY
Ward 3
JEROME
AMOS
Ward 4
RON
WELPER
Ward 5
TOM
LIND
At-Large
STEVE
SCHMITT
At-Large
COMMUNITY PLANNING AND DEVELOPMENT
715 Mulberry Street Waterloo, Iowa 50703-5783 (319) 291-4366 Fax (319) 291-4262
NOEL ANDERSON, Community Planning & Development Director
WE’RE WORKING FOR YOU!
An Equal Opportunity/Affirmative Action Employer
Page 80 of 381
0 10.5 Miles±
Northeast Industrial Area T.I.F. District Boundary Map
N o r t h e a s t D r
Newell Street
U n i o n P a c i f i c R R
N o r t h E l k R u n R o a d
Independence Ave
John Deere
MLK Jr. Drive
Tyson
Original Area
Amend. #1 AreaAmend. #1 Area
A m e n d .
#2 A r e a
O r i g . A r e a
O r i g . A r e a
Legend
Existing TIF District Boundary
Page 81 of 381
0 10.5 Miles±
Attachment A - Northeast Industrial Area T.I.F. District Removal
N o r t h e a s t D r
Newell Street
U n i o n P a c i f i c R R
N o r t h E l k R u n R o a d
Independence Ave
John Deere
MLK Jr. Drive
Legend
Removed Areas
Existing TIF District Boundary
Tyson
Page 82 of 381
0 10.5 Miles±
Attachment A - Northeast Industrial Area T.I.F. District Expansion
N o r t h e a s t D r
Newell Street
U n i o n P a c i f i c R R
N o r t h E l k R u n R o a d
Independence Ave
John Deere
MLK Jr. Drive
Tyson
Legend
Northeast TIF Expansion Area
Existing TIF District Boundary
Page 83 of 381
C ITY OF WATER LOO
Council Communication
S an Marnan Urban R enewal and R ed evelop ment P lan Amendment No . 4 Exp ans ion Area, to expand the
b o und aries of the T IF area and inc lude o ther updates .
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 1:08 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:21 P M
ATTA C H M EN TS :
Description Type
S an Marnan Amendment N o 4 B ackup M aterial
P &Z M emo for S an M arnan Amendments B ackup M aterial
S UB J E C T:
Motio n to rec eive and file proof o f pub lic ation of notice o f pub lic hearing.
HO LD HEAR ING - No comments o n file.
Motio n to c lo s e hearing and rec eive and file o ral and written comments, and
recommendatio n o f approval of the P lanning, P ro gramming and Zo ning
C o mmis s ion.
R es o lution affirming p revious determination of an area of the C ity to be an
econo mic develo p ment area, determining that the d evelopment o r
red evelopment of s aid area is necessary in the interest of the pub lic health,
s afety or welfare, d es ignating s aid area as ap p ro p riate fo r an urb an renewal
p ro ject, and approving the p lan amendment.
Motio n to rec eive, file cons id er and pass for the first time an O rd inance
p ro viding that general p ro p erty taxes levied and c o llected eac h year o n all
p ro p erty lo c ated within the newly exp and ed S an Marnan Urban R enewal and
R ed evelop ment P lan Area, in the C ity of Waterlo o , C o unty of Blac k Hawk,
S tate of Io wa, by and for the benefit o f the S tate o f Io wa, C ity o f Waterlo o ,
C o unty of Blac k Hawk, Waterloo C o mmunity S cho o l District and other
taxing distric ts , be p aid to a s p ecial fund fo r payment of p rinc ip al and
interes t o n loans , mo nies ad vanced to and ind eb tednes s , inc luding b o nd s
is s ued o r to b e is s ued , inc urred b y s aid C ity in c o nnectio n with s aid urban
renewal P ro jec t.
Motio n to s us p end the rules .
Motio n to c o ns ider and p as s for the sec ond and third times and ad o p t the
O rdinanc e.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning and Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro val
By separate ac tio n the S an Marnan Urban R enewal and R edevelo p ment
Page 84 of 381
S ummary S tatement:
P lan is being amend ed to remove multiple areas fro m the existing T I F
b o und ary. T his amend ment will put thos e areas bac k into the T I F
b o und ary, and add o ne ad d itional property. T he end result o f the
amendments will only inc reas e the area of the exis ting T I F b o und ary by
inc luding one additio nal p arcel. T he areas being remo ved and then p ut b ac k
in the T I F are und eveloped areas that are no t likely to develo p before their
20 year suns et, and the amendment will es tab lis h a new 20 year sunset fo r
thes e areas . O nc e removed from the exis ting T I F, any inc rement will be
releas ed fro m the T IF, and o nc e put b ack in, the current values will b eco me
the new frozen bas e that is released to all taxing entities , inc luding the C ity of
Waterlo o 's general fund. O nly future inc rement fro m future develo p ment o f
thes e areas wo uld b e c ap tured by the T I F. T his wo uld ap p ear to be the b es t
mo d el to ac c o mp lis h econo mic d evelopment of this area. Amend ments to a
T I F P lan req uire a c o nsultatio n with taxing entities , whic h was held o n
No vember 8, 2017. T he amendment will als o update projec ts and inc lud e
ad d itional p ro jec ts and up d ate related financ ial info rmation, and inc lude other
general updates to the P lan.
T he P lanning, P ro gramming and Zo ning C ommis s ion reviewed the
p ro p o s ed amendment at their regular meeting on Novemb er 14, 2017 and
unanimous ly rec o mmended ap p ro val o f the amend ment.
Exp enditure R equired :No ne
S ource o f F und s :n/a
P olic y Issue:Econo mic Develo p ment, S trategic P lan P o lic ies 1, 3 and 4.
Legal Desc riptio ns :S ee Attached
Page 85 of 381
Prepared by Aric Schroeder, City of Waterloo, 715 Mulberry Street, Waterloo, IA, 50703 319 -291-4366
Return to preparer after recording.
SAN MARNAN URBAN RENEWAL AND
REDEVELOPMENT PLAN
(AMENDMENT NO. 4 - 2017)
Page 86 of 381
- 1 -
INTRODUCTION
The City of Waterloo 2010 Strategic Development Plan states the need to diversify and increase
the property tax base by encouraging the retention and expansion and attraction of business and
industry. The Land Use Plan states that the City should continually explore incentives to
encourage development and increase employment that will help the City achieve these goals.
Under the present circumstances, there is the need to bring about economic development; i.e., the
expansion of existing industry and the attraction of new industry, which will further diversity and
increase the property tax base and which will increase employment opportunities.
The San Marnan Urban Renewal and Redevelopment Plan presents a proposal for the location of
a business park on various lands between San Marnan Drive and U.S. Highway 20 between West
4th Street and Iowa Highway 21. The Plan also will allow tax increment revenue to be used as
incentives for the development of the area. These incentives would be negotiated and approved
on a project-by-project basis at future dates.
To achieve the primary objectives of this Plan, the City of Waterloo shall undertake the urban
renewal actions as specified in this tax increment plan, pursuant to the powers granted to it under
Chapter 403 of the Code of Iowa, as amended.
Page 87 of 381
- 2 -
TABLE OF CONTENTS
I. SAN MARNAN URBAN RENEWAL AND REDEVELOPMENT PLAN AS AMENDED.
A. DESCRIPTION OF PROJECT
B. LAND USE PLAN
C. PROJECT PROPOSALS
D. OTHER PROVISIONS NECESSARY TO MEET STATE AND LOCAL
REQUIREMENTS.
E. PROCEDURES FOR CHANGES IN THE PLAN
F. RELOCATION
G. BONDING CAPACITY
II. PROJECT BUDGET
A. NARRATIVE
B. LOANS OR GRANTS
C. TAX INCREMENT FINANCING
III. LEGAL DATA - ATTACHMENTS
A. BOUNDARY MAP
B. LEGAL DESCRIPTION
C. STUDY OF BONDING CAPACITY
D. PROJECT PROPOSALS AND BUDGET
E. ACQUISITION CHECK LIST
F. RELOCATION CHECK LIST
G. PLANNING, PROGRAMMING & ZONING RESOLUTION
H. NOTIFICATION TO TAXING ENTITIES AND RECORD OF
CONSULTATION
Page 88 of 381
- 3 -
I. RESOLUTION ADOPTING PLAN
J. ORDINANCE ADOPTING TAX INCREMENT FINANCING DISTRICT
K. NOTICE OF PUBLIC HEARING
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I. SAN MARNAN URBAN RENEWAL AND REDEVELOPMENT PLAN AS AMENDED.
A. Description of Project
1. Boundary Map (See Attachment “A”)
2. Boundary Description (See Attachment “B”)
3. Findings and Objectives
a. Findings
The City of Waterloo proposes to undertake the San Marnan Urban
Renewal and Redevelopment Plan under the provisions of the Iowa
Code Chapter 403, as amended to date.
It is hereby found and declared that there exists in the proposed
San Marnan Urban Renewal and Redevelopment Plan Area the
continuing need for programs to alleviate and prevent conditions of
unemployment; and that it is accordingly necessary to assist and
retain local industries and commercial enterprises to strengthen and
revitalize the economy of this City; that accordingly it is necessary
to provide means and methods for the encouragement and
assistance of industrial and commercial enterprises in locating,
purchasing, constructing, reconstructing, modernizing, improving,
maintaining, repairing, furnishing, equipping, and expanding in
this City; and that it is also necessary to encourage the location and
expansion of commercial enterprises to more conveniently provide
needed services and facilities of the commercial enterprises to
Waterloo and the residents of the City.
b. Objectives of the Plan
This Plan is intended to strengthen the economy, promote
commercial and industrial development, expansion, of existing
business and industry and attraction of new industry. In
accordance with this public purpose, the San Marnan Project is
intended to accomplish the following objectives:
(1) To provide for the expansion of the existing uses and the
establishment of new uses which are essential for the
economic development and redevelopment of the area.
(2) Encourage investment in the residential, commercial, and
industrial existing uses and vacant land in the San Marnan
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Area by enhancing the environment and making it more
conducive to economic development.
(3) Provide incentives to expand existing business and
industrial uses and attract new industrial and commercial
uses as allowed under Chapter 15A of the Code of Iowa,
such as tax abatements, tax rebates, land acquisition,
demolition, loans, grants and/or any other incentives that
will result in development of the San Marnan Area.
(4) Increase employment opportunities for the citizens of
Waterloo.
(5) Provide the necessary infrastructure, such as sanitary
sewer, storm sewer, streets, traffic control, parking,
skywalks, street amenities, bike trails, etc., that may be
necessary as the area is developed.
(6) All objectives of the original plan adopted in 1999,
Amendment No. 1 plan adopted in 2004, and Amendment
No. 2 plan adopted in 2009.
B. Land Use Plan
1. This Plan is in conformance with the previously adopted Comprehensive
Plan for the City of Waterloo.
2. As part of good planning and land use, the following goals are inherent to
the realization of plan objectives.
a. Stimulate land uses which will strengthen and compliment existing
sound land use relationships within the surrounding community.
b. Stabilize and increase employment in the area.
c. Encourage investment in the area.
d. Conserve and enhance the existing community facilities necessary
to serve the surrounding area.
3. This plan is consistent with the long-range land use plan in that both strive
to:
a. Maintain the City’s role as a regional center of commerce and
industry.
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b. Assure land uses which will strengthen and compliment existing
appropriate land use relationships within the surrounding
community.
c. Encourage sound growth and investment in the area.
d. Increase employment in the area by encouraging economic
development.
e. To provide economic incentives that may increase employment
opportunities within the City.
C. Project Proposals
1. General Renewal Activities
a. The City intends to acquire land or interests in land to facilitate
development that is consistent with this Plan and site
improvements.
b. The City intends to provide public facilities that are needed from
time to time such as streets, sanitary sewers, storm sewers, parking,
traffic control, streetscape amenities, skywalks, bike trails, etc.
c. The City may make loans or grants to private persons or businesses
for economic development and/or redevelopment purposes on such
terms as may be determined by the City Council.
d. The City may borrow money and provide security therefore.
e. The City may establish and enforce controls, standards, and
restrictions on land use and buildings.
f. The City may make or have made surveys and plans necessary for
the implementation of the urban renewal program and specific
urban renewal project activities.
g. The City may use tax increment financing to achieve a more
marketable and competitive land-offering price, to provide for
necessary physical improvements and infrastructure, and to find
other urban renewal project costs.
h. The City may use any and all other powers, without limitation,
granted by the Code to develop and provide for improved
economic conditions in the City of Waterloo.
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i. Pay all legal fees, consulting fees, and related expenses associated
with the administration and operation of the San Marnan Urban
Renewal and Redevelopment Area.
2. Land Acquisition and Disposition
The City intends to finance the acquisition of one or more tracts of land in
the Project Area for purposes of private development. Other areas may be
identified for acquisition in the future for the following purposes:
a. To provide sites for needed private and public improvements or
facilities or other public purposes, in proper relationship to the
projects demand for such facilities and in accordance with
accepted criteria for the development of such facilities;
b. To assemble land into parcels of adequate size and shape to meet
contemporary development needs and standards and to allow new
construction to meet the objectives of the Plan.
c. To acquire any and all interests in any property within the Project
Area, which in any way dominates or controls usage of other real
property, proposed to be acquired.
The City may make improvements for redevelopment or transfer of land to
private developers. Improvements will be accomplished in accordance
with the goals and objectives of this Plan and in concert with other actions
to ensure timely improvement of the land.
The City may advertise and solicit development proposals, may negotiate
directly with prospective developers, and may dispose of all or a portion
of the property acquired by it for the purpose of redevelopment in
accordance with the goals and objects of this Plan. The property so
disposed of may include vacated right-of-way and other lands under public
ownership, which are not needed for public purposes.
The City may subdivide, vacate, or otherwise change the recorded
arrangement of property under its control to accomplish the goals and
objectives of this Plan.
3. San Marnan Urban Renewal and Redevelopment Area Projects
a. Over time project agreements will be developed to outline
specifics of projects that meet the objectives of the San Marnan
Urban Renewal and Redevelopment Area. The known and
anticipated projects are listed in Attachment “D”. In the future this
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list of projects may be amended or added by the action of the City
Council after proper notice and hearing.
4. Public Improvements
a. Infrastructure such as streets, sewers, parking, streetscape, bike
trails, skywalks, sidewalks, etc. will be constructed in association
with enhancing the new development projects using the local
option sales tax for street reconstruction and G.O. Bonds which
will be paid off will the increased tax increment revenues resulting
from private investment in the San Marnan area.
D. Other Provisions Necessary to Meet State and Local Requirements
1. In accordance with this San Marnan Urban Renewal and Redevelopment
Plan, the City of Waterloo will take whatever action it deems necessary to
close, vacate, plan or replan streets, roads, sidewalks, walkways or other
places within the project area.
2. In the event it is deemed necessary for the successful implementation of
the plan to acquire any properties, land acquisition procedures will be in
conformance with policies and procedures used in the City’s acquisition
programs. (Current policy attached as Attachment “E”.)
E. Procedures for Changes in the Plan
1. This plan may be modified at any time provided it is done in accordance
with the Iowa Code Chapter 403, and the proposed plan modification is
approved by the Waterloo, Planning, Programming and Zoning
Commission and a public hearing is held.
F. Relocation
1. All relocation will be carried out in accordance with Iowa Code, Chapter
403.5, 4a, and in the event any properties area acquired and it is necessary
to relocate families, individuals or businesses, relocation assistance will be
provided by the City’s Community Planning and Development Relocation
staff. (Current policy attached as Attachment “F”.)
G. Bonding Capacity
1. For updated information about unused bonding capacity for the City of
Waterloo, see Attachment “C” attached to the latest Plan amendment.
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II. Project Budget
A. Narrative
The San Marnan Urban Renewal and Redevelopment Plan includes the areas as
described in Attachment “B”. As each project is developed, the City Council may
enter into a specific project agreement, which after public hearing will identify the
specific financial incentives that may be used on each project. Therefore, a total
value on the financial incentives cannot be identified at this time.
The following projects will be developed, but specific project budgets cannot be
identified as specific locations are not available. However, preliminary budgets
for known projects are listed in Attachment “D”.
1. Acquisition of property.
2. Tax rebate program.
The property tax assessment base on the real estate where a new development
and/or redevelopment is completed is frozen. While the frozen amount will
be guaranteed to each taxing jurisdiction, the increased tax revenue resulting
from the new development may be rebated annually to the developer for up
to twenty (20) years. The developer may use these funds in two ways: (1) to
pay off private debt incurred in financing the new construction and/or the
rehabilitation/renovation of an existing commercial building, or (2) to pay off
public improvements (street and/or parking improvements, etc.) associated in
enhancing the new development and/or the total rehabilitation/renovation
project. A specific project agreement will be required for each project.
The taxable value must be increased by a minimum of 10% and increase the
annual tax by a minimum of $500.00. This program is not applicable to the
Self Supported Municipal Improvement District levy or other special tax
assessments and/or the debt service levy.
3. Project loans and/or grants.
4. Infrastructure such as streets, sewers, parking, streetscape, bridge
improvements, skywalks, sidewalks, etc.
B. Loans or Grants.
The making of loans or grants of public funds to private businesses within the
Project Area may be deemed necessary or appropriate for economic development
purposes (as defined in Chapter 15A of the Code) and to aid in the planning,
undertaking, and carrying out of urban renewal project activities authorized under
this San Marnan Urban Renewal and Redevelopment Plan and the Code. In
furtherance of the objectives under this San Marnan Urban Renewal and
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Redevelopment Plan, the City may determine to issue general obligation bonds,
tax increment revenue bonds or other such obligations, or loan agreements for the
purpose of making loans or grants funds to private businesses located in the
Project Area. Alternatively, the City may determine to use available funds for
making such loans or grants.
C. Tax Increment Financing. The City intends to utilize tax increment financing as a
means to help pay for the costs associated with the development of the Project
Area. General obligation bonds, tax increment revenue bonds or other such
obligations or loan agreements may be issued by the City, the tax increment
reimbursement may be sought for, among other things, the following costs (if and
to the extent incurred by the City):
1. The construction of public improvements, such as streets, sanitary sewers,
sewage treatment lagoons, storm sewers, parking facilities, water mains, bike
trails or sidewalks;
2. The acquisition of land and preparation of same for sale to private developers
or for public purposes or public improvements.
3. The making of loans or grants to private businesses under Chapter 15A or
Chapter 403 of the Code, including debt service payments on any bonds or
notes issued to finance such loans or grants; or
4. Providing the local matching share of CEBA, RISE, or other state, federal, or
local grants and loan programs.
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 15A, Chapter 260E,
Chapter 384, Chapter 403, Chapter 404, Chapter 427B, or any other provision of
the Code in furtherance of the objectives of this Urban Renewal Plan.
III. Legal Data
See Attachments A-K
A. Boundary Map
B. Legal Description
C. Study of Bonding Capacity
D. Project Proposals and Budget
E. Acquisition Checklist
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F. Relocation Checklist
G. Planning, Programming & Zoning Commission Resolution
H. Notification to Taxing Entities and Record of Consultation
I. Resolution Adopting Plan
J. Ordinance Adopting Tax Increment Finance District
K. Notice of Public Hearing
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0 10.5 Miles±
Attachment A - Northeast Industrial Area T.I.F. District Expansion
N o r t h e a s t D r
Newell Street
U n i o n P a c i f i c R R
N o r t h E l k R u n R o a d
Independence Ave
John Deere
MLK Jr. Drive
Tyson
Legend
Northeast TIF Expansion Area
Existing TIF District Boundary
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Attachment B
NORTHEAST INDUSTRIAL AREA URBAN RENEWAL AND REDEVELOPMENT PLAN
URBAN RENEWAL AREA LEGAL DESCRIPTIONS
Original area (1993) (Original Subarea)
Part of Sections 15, 20, 21 and 22, Township 89 North, Range 12 West of the 5 th Principal Meridian
in the City of Waterloo, Black Hawk County, Iowa, described as follows:
Beginning at the Southeasterly corner of Section 20, Township 89, Range 12, thence West along the
South line of said Section to a point that is sixty-six (66) feet West of the West line of the East one-half
(1/2) of the Southeast quarter (SE 1/4) of said Section, thence North along a line sixty-six (66) feet West
of the West line of said East one-half (1/2) to its intersection with the South line of the North one-half
(1/2) of the Northwest quarter (NW 1/4) of the Southeast quarter (SE 1/4) Section 20, thence West on said
South line and its extension Westerly to the South line of the Union Pacific Railroad Right-of-Way,
thence Northeasterly along said right-of-way line to its intersection with the West line of the East one
quarter (1/4) of said Section, thence Northerly along the West line of the Northeast quarter (NE 1/4) of
the Southeast quarter (SE 1/4) said Section to the Southwest corner of the Southeast quarter (SE 1/4) of
the Northeast quarter (NE 1/4) said Section, thence West along the South line of the North one-half (1/2)
of said Section to the West line of said Section, thence North along the West line to the Northwest corner
of the Southwest quarter (SW 1/4) of the Northwest quarter (NW 1/4) said Section, thence East one
hundred ninety-four and four tenths (194.4) feet, thence North parallel to the West line of said Section to
the North line of said Section, thence East to the Northeast corner of said Section 20, thence continuing
East along the North line Section 21, Township 89, Range 12 to the Northeast corner of said Section,
thence North along the West line of Section 15, Township 89, Range 12 to the Northwest corner of the
Southwest quarter (SW 1/4) of the Southwest quarter (SW 1/4) said Section, thence East along the North
line of the Southwest quarter (SW 1/4) of the Southwest quarter (SW 1/4) to the Northeast corner of said
quarter (1/4) quarter (1/4) said Section, thence South along the East line of the Southwest quarter (SW
1/4) of the Southwest quarter (SW 1/4) said Section to its intersection with the South line of the Union
Pacific Railroad Right-of-Way, thence Northeasterly along said South Right-of-Way line to its
intersection with the East line of the Southeast quarter (SE 1/4) of the Southwest quarter (SW 1/4) of said
Section, said point also being a point on the current Corporate City Limit Line of Waterloo, thence South
following the current (1992) Corporate Limits of said City to the South line of Section 15, said line also
being the North line of Section 22, Township 89, Range 12, thence continuing South along the East line
of the Northeast quarter (NE 1/4) of the Northwest quarter (NW 1/4) of Section 22, Township 89, Range
12 to a point that is 680 feet South of the North line said Section, thence West along a line 680 feet
normally distant Southerly of the Section line approximately 1500’, thence North 40°01’01” West
166.19 feet, thence North 15°32’50” West 194.91 feet, thence North 02°34’55” West 174.45 feet, thence
North 32°18’09” East 115.17 feet, thence North 57°10’27” East 111.27 feet to the South line of the Union
Pacific Railroad Right of Way, thence South 70°11’41” West along said South Right-of-Way line to a
point that is 264.54 feet Northeasterly of the West line Section 22, thence South 86°28’27” East 190.29
feet, thence South 73°13’02” East 119.21 feet, thence South 61°04’21” East 154.14 feet, thence South
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40°08’51” East 145.09 feet, thence South 24°47’31” East 141.92 feet, thence South 9°45’15” East 287.51
feet, thence South 0°06’ West 261.27 feet, thence South 14°18” West 256.24 feet, thence South 65.02
feet, thence West 766 feet to the East line of North Elk Run Road, thence South 70 feet along said right-
of-way, thence East 391 feet, thence South 60 feet, thence East 130 feet, thence South 60 feet, thence East
165 feet, thence South 0°07’14” East 777.35 feet, thence South 81°02’06” West 255.19 feet, thence South
94.32 feet to the South line of the Northwest quarter (NW 1/4) of said Section, thence West along said
South line to the centerline of North Elk Run Road, which is also a point on the West line Section 22,
Township 89, Range 12, thence North along said West line to the South line of the Union Pacific Railroad
Right of Way, thence Southwesterly along said South Right-of-Way line through Section 21, Township
89, Range 12 to its intersection with the West line of Southeast quarter (SE 1/4) of the Northwest quarter
(NW 1/4), of Section 21, thence South along said West line to the Northwest corner of the Northeast
quarter (NE 1/4) of the Southwest quarter (SW 1/4) said Section, thence East along the North line of the
Southwest quarter (SW 1/4) of said Section to the center of Section 21, said point also being a point on
the corporate limit line of Waterloo, thence South along the East line of the Southwest quarter (1/4) of
said Section to the South line of said Section, thence West along the South line of Section 21 to the point
of beginning, all in the City of Waterloo, Black Hawk County, Iowa.
Amendment No. 1 area (2004) (Amendment No. 1 Subarea) (as modified by Amendment
No. 3 (2017))
That part of Section 21, Township 89 North, Range 12 West, as follows:
The Southeast ¼ of said Section, except the Southeast ¼ of the Southeast ¼ of said Section, and
except the East 332 feet of the South 693 feet of the Southwest ¼ of the Southeast ¼ said Section.
And,
That part of Section 20, Township 89 North, Range 12 West, as follows:
Beginning at a point on the West line of said Section 20 that is 990’ North of the Southwest corner of said
Section, thence North along the West line of said Section to the West ¼ corner of said Section, thence
East along the centerline of said Section to the point where it intersects the Northwest corner of the
Northeast ¼ of the Southeast ¼ of said Section, thence South along the West line of the Northeast ¼ of
the Southeast ¼ of said Section to the South line of the Union Pacific Railroad Right of Way, thence
Southwesterly along said South Right of Way line to the South line of the North ½ of the Northeast ¼ of
the Southwest ¼ of Section 20 Township 89 Range 13, thence East along the South line of North ½ of the
Northeast ¼ of the Southwest ¼ and the South line of the North ½ of the Northwest ¼ of the Southeast ¼
to its intersection with a line 66 feet West of and parallel to the West line of the East ½ of the Southeast ¼
said Section, thence South along said parallel line to the South line of said Section, thence West along the
South line of said Section to the centerline of Northeast Drive (formerly Bishop Avenue), thence
Northerly along the centerline of Northeast Drive, as now established, to North line of the South 990’ of
said Section, thence West along the North line of the South 990’ of said Section to the point of beginning,
all in the City of Waterloo, Black Hawk County, Iowa.
Except the following areas removed from the Amendment No. 1 area by Amendment No. 3 (2017):
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The Northeast ¼ of the Southeast ¼ of Section 21, Township 89 North, Range 12 West of the Fifth
Principal Meridian, Black Hawk County, Iowa.
Also except a parcel of land located in the Northwest ¼ of the Southeast ¼ of Section 21, Township 89
North, Range 12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, more particularly
described in LD Book 571 Page 808 in the office of the Black Hawk County Recorder.
Also except that part of the above described Amendment No. 1 area located in Section 20, Township 89
North, Range 12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, but not excepting that
part of the West ½ of the Northeast ¼ of the Southwest Quarter of said Section 20 lying South of the
Union Pacific Railroad, and not excepting that part of the North 5 acres of the West ½ of the Southeast ¼
of the Southwest ¼ of said Section 20 lying Northwesterly of the Northwesterly right of way line of
Northeast Drive (formerly Bishop Avenue), and not excepting the Union Pacific Railroad Right of Way.
Amendment No. 2 area (2015) (Amendment No. 2 Subarea)
That part of the East One-half of the Southwest Quarter of Section 15, Township 89 North, Range 12
West of the Fifth Principal Meridian, Waterloo, Black Hawk County Iowa, lying North of the Union
Pacific Railroad Right-of-Way, except the North 990 feet thereof.
Amendment No. 4 area (2017) (Amendment No. 4 Subarea)
The Northeast ¼ of the Southeast ¼ of Section 21, Township 89 North, Range 12 West of the Fifth
Principal Meridian, Black Hawk County, Iowa.
And,
A parcel of land located in the Northwest ¼ of the Southeast ¼ of Section 21, Township 89 North, Range
12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, more particularly described in LD
Book 571 Page 808 in the office of the Black Hawk County Recorder.
And,
That part of the above described Amendment No. 1 area located in Section 20, Township 89 North, Range
12 West of the Fifth Principal Meridian, Black Hawk County, Iowa, except that part of the West ½ of the
Northeast ¼ of the Southwest Quarter of said Section 20 lying South of the Union Pacific Railroad, and
except that part of the North 5 acres of the West ½ of the Southeast ¼ of the Southwest ¼ of said Section
20 lying Northwesterly of the Northwesterly right of way line of Northeast Drive (formerly Bishop
Avenue), and except the Union Pacific Railroad Right of Way.
Page 101 of 381
Attachment C
City of Waterloo
Black Hawk County, Iowa
Study of Bonding Capacity as of January 1, 2015
January 1, 2015 Actual Gross Assessed Valuation $3,770,142,165
Legal Bonding Rate 5%
Legal Bonding Limit $ 188,507,108
Less Outstanding G.O. & Other Debt ($ 94,503,764)
Unused Gross bonding Capacity $ 94,003,344
50% of legal limit
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Project Proposals Proposed Budgets
1)Future or Anticipated Acquisition $2,800,000
2)Future or Anticiapted Demolition $500,000
3)Site Improvements, platting $2,000,000
4)Water & Sewer $2,000,000
5)Legal fees, consulting fees, and related expenses $500,000
associated with administration and operation of
the Urban Renewal Area
6)Miscellaneous (certification, environmental)$300,000
7)Railroad extension $700,000
8)Twin City Tannery - rebates $61,000
9)Veteran Enterprises - rebates $70,000
10)Ferguson Enterprises - rebates $625,000
11)Eagles Wings (Harris Cleaning) - rebates $40,000
12)ConTrol - rebates $150,000
13)Heavy water prospect - infrastructure and rebates $500,000
14)Light Industrial prospect - rebates $1,800,000
Total $12,046,000
Attachment D - Northeast Industrial Park Amendment No. 4 (2017)
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Attachment E
CITY OF WATERLOO, IOWA
ACQUISITION CHECKLIST
1. City of Waterloo personnel determine property owners affected by the project.
2. Land is appraised or compensation estimate by staff utilized. If appraised, appraisers
then inspect each property affected by the project and make a written appraisal report.
The appraisal report will estimate the current market value of the land and
improvements to be purchased by the City of Waterloo, plus any reduction in the
value of remaining property should its value be adversely affected. The appraiser will
contact the property owner for permission to inspect and study the property. The
appraiser will interview the landowner to get information about he use and operation
of the property to be purchased by the City of Waterloo.
3. The appraiser’s report will be reviewed by qualified review appraisers for the City of
Waterloo, if needed in specific acquisitions of contention.
4. The property owner will then be contacted by an acquisition agent from the City of
Waterloo to present the property owner with an offer to purchase. This dollar amount
is offered as just compensation for property being purchased by the City of Waterloo.
5. After agreement is reached, a contract is approved and signed by the City. Where
title conditions permit, a partial payment of the purchase price can also be made
available per the terms of the contract.
6. Reasonable time will be allowed for the occupant to vacate property purchased.
Occupant will not be required to move sooner than ninety (90) days from the date the
City makes the first offer to acquire the property.
7. Written notice specifying the date the property must be vacated will be given at
least thirty (30) days prior to the required vacation date. The thirty (30) day notice
will not be issued until payment by the City is received as agreed, or the money has
been deposited by the City as prescribed by law.
8. The City acquisition agent will arrange payment at the earliest possible date.
9. If the City’s acquisition offer is rejected, fair market value will be determined in the
course of eminent domain proceedings (commonly referred to as condemnation).
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ATTACHMENT “F”
CITY OF WATERLOO, IOWA
RELOCATION CHECK LIST
1. City of Waterloo personnel determine property owners affected by the project.
2. City of Waterloo Relocation Agent will contact family/occupant to determine the
amount of eligible relocation benefits such as:
a. Actual reasonable expenses as a result of moving (based upon two (2) quotations
from movers approved by City of Waterloo).
3. To be eligible for assistance, occupant must not move until negotiations have started on
the acquisition of the property without jeopardizing eligibility for moving cost
payments.
4. If dissatisfied with the determination of the amount of payment offered under the
Relocation Assistance Program, displaces may have the application reviewed by:
a. Sending a written statement requesting the review and outlining the items in
dispute to the City Planner, Community Planning and Development Department,
City of Waterloo, 715 Mulberry Street, Waterloo, Iowa 50703
b. Stating the amount or amounts being claimed, if any, and including
documentation and reasons why dissatisfied with the amount offered.
5. Upon receipt of your claim application, the City Planner will appoint a review board
and notify you when and where a hearing will be held. The review board will
recommend a decision on your claim to the City of Waterloo. The Relocation Agent
will notify you in writing of the City of Waterloo’s decision within one (1) week.
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ATTACHMENT “G”
A RESOLUTION OF THE WATERLOO CITY PLANNING, PROGRAMMING, AND
ZONING COMMISSION
BE IT RESOLVED BY THE WATERLOO CITY PLANNING,
PROGRAMMING, AND ZONING COMMISSION OF THE CITY OF
WATERLOO:
WHEREAS, the San Marnan Urban Renewal and Redevelopment Plan Amendment No. 4 for a
Tax Increment Financing District has been prepared by the Planning and Zoning
Department in Accordance with Chapter 403 of the Code of Iowa; and
WHEREAS, said plan provides incentives for the expansion of the tax base improvements,
economic development and creation of jobs; and,
WHEREAS, said plan is in conformance with the Long Range Use Plan for this area,
NOW THEREFORE, BE IT RESOLVED that the San Marnan Urban Renewal and
Redevelopment Plan Amendment No. 4 be and is hereby reviewed and placed on file and
recommended for approval and that the Secretary and Chairman of this Commission be and they
are hereby authorized and directed to certify a copy of this Resolution.
Passed and adopted this day of 2017.
Craig Holdiman, Chairperson
ATTEST:
Aric Schroeder, Secretary
CERTIFICATE
We, Craig Holidamn, Chairperson and Aric Schroeder, Secretary, of the Planning
Programming & Zoning Commission of the City of Waterloo, Iowa, do hereby certify that the
foregoing is a true and correct copy of a certain resolution adopted by the Planning,
Programming & Zoning Commission of the City of Waterloo, Iowa, on the date thereon
indicated.
Craig Holidman, Chairperson
Aric Schroeder, Secretary
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Attachment H
CITY OF WATERLOO, IOWA
CONSULTATION WITH TAXING ENTITIES
Page 107 of 381
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Attachment I
CITY OF WATERLOO, IOWA
RESOLUTION ADOPTING
Page 108 of 381
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Attachment J
CITY OF WATERLOO, IOWA
ORDINANCE ADOPTING
Page 109 of 381
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Attachment K
CITY OF WATERLOO, IOWA
NOTICE OF PUBLIC HEARING
Page 110 of 381
DATE: October 13, 2017
TO: Planning and Zoning Commission Members
From: Aric A. Schroeder, City Planner
RE: Proposed Amendments to the San Marnan Area Urban Renewal
Planning staff is proposing to amend the San Marnan Urban Renewal and
Redevelopment Plan and TIF District by removing multiple areas from the
existing TIF boundary, and then putting those areas back into the TIF boundary.
The end result of the amendments will not significantly increase the area of the
existing TIF boundary. One additional area that was not previously included in
the TIF District will be added to correct a previous error in the boundary. The
areas being removed and then put back in the TIF are undeveloped areas that are
not likely to develop before their 20 year sunset, and the amendment will establish
a new 20 year sunset for these areas. Once removed from the existing TIF, any
increment will be released from the TIF, and once put back in, the current values
will become the new frozen base that is released to all taxing entities, including the
City of Waterloo’s general fund. Only future increment from future development
of these areas would be captured by the TIF. This would appear to be the best
model to accomplish economic development of this area. The amendment will
also update projects and project budgets to be included in the Plan, and include
other general updates to the Plan.
Attached are three maps, including a map that shows the existing San Marnan
Development Plan Area TIF District Boundary, as well as a map that shows what
areas would be removed (Amendment No. 3), and then a map that shows the
areas to be put back into the TIF District (Amendment No. 4).
If you have any questions on the amendments, please contact our office.
Respectfully,
Aric A. Schroeder,
City Planner
Mayor
QUENTIN
HART
COUNCIL
MEMBERS
TOM
POWERS
Ward 1
BRUCE
JACOBS
Ward 2
PAT
MORRISSEY
Ward 3
JEROME
AMOS
Ward 4
RON
WELPER
Ward 5
TOM
LIND
At-Large
STEVE
SCHMITT
At-Large
COMMUNITY PLANNING AND DEVELOPMENT
715 Mulberry Street Waterloo, Iowa 50703-5783 (319) 291-4366 Fax (319) 291-4262
NOEL ANDERSON, Community Planning & Development Director
WE’RE WORKING FOR YOU!
An Equal Opportunity/Affirmative Action Employer
Page 111 of 381
0 10.5 Miles
W 4 t h S t
Highway 20
K i m b a l l A v
H i g h w a y 2 1
E San Marnan Dr
W Shaulis Rd
A n s b o r o u g h A v
San Marnan Development Plan Area T.I.F. District Boundary Map
±
W S a n M a r n a n D r
E Shaulis Rd
Orig.Area
Amend. #1 Area
Amend. #2 Area
Legend
Existing TIF District Boundary
Page 112 of 381
0 10.5 Miles
W 4 t h S t
Highway 20
K i m b a l l A v
H i g h w a y 2 1
E San Marnan Dr
W Shaulis Rd
A n s b o r o u g h A v
Attachment A - San Marnan Development Plan Area T.I.F. District Removal
±
Legend
Removed Areas
Existing TIF District Boundary
W S a n M a r n a n D r
E Shaulis Rd
Page 113 of 381
0 10.5 Miles
W 4 t h S t
Highway 20
K i m b a l l A v
H i g h w a y 2 1
E San Marnan Dr
W Shaulis Rd
A n s b o r o u g h A v
Attachment A - San Marnan Development Plan Area T.I.F. District Expansion
±
H a m m o n d A v e
W S a n M a r na n D r
E Shaulis Rd
Legend
San Marnan TIF Expansion Area
Existing TIF District Boundary
Page 114 of 381
C ITY OF WATER LOO
Council Communication
S an Marnan Urban R enewal and R ed evelop ment P lan Amendment No . 3 R emoval Area, to remo ve p roperties
fro m the T I F area.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 1:07 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:21 P M
ATTA C H M EN TS :
Description Type
S an Marnan Amendment N o 3 B ackup M aterial
P &Z M emo for S an M arnan Amendments B ackup M aterial
S UB J E C T:
Motio n to rec eive and file proof o f pub lic ation of notice o f pub lic hearing.
HO LD HEAR ING - No comments o n file.
Motio n to c lo s e hearing and rec eive and file o ral and written comments, and
recommendatio n o f approval of the P lanning, P ro gramming and Zo ning
C o mmis s ion.
R es o lution affirming p revious determination of an area of the C ity to be an
econo mic develo p ment area, determining that the d evelopment o r
red evelopment of s aid area is necessary in the interest of the pub lic health,
s afety or welfare, d es ignating s aid area as ap p ro p riate fo r an urb an renewal
p ro ject, and approving the p lan amendment.
Motio n to rec eive, file, c o nsider and p as s fo r the firs t time an O rdinanc e
p ro viding that general p ro p erty taxes levied and c o llected eac h year o n all
p ro p erty lo c ated within the newly desc ribed S an Marnan Urb an R enewal
and R ed evelo p ment P lan Area, in the C ity of Waterlo o , C o unty of Blac k
Hawk, S tate o f Io wa, by and for the benefit of the S tate o f Io wa, C ity of
Waterlo o , C ounty o f Black Hawk, Waterlo o C ommunity S cho o l Distric t
and o ther taxing dis tricts , b e paid to a spec ial fund for p ayment o f princ ip al
and interes t on loans , mo nies ad vanced to and ind eb tednes s , inc luding
b o nds is s ued or to b e issued , inc urred by s aid C ity in c o nnectio n with s aid
urban renewal P rojec t.
Motio n to s us p end the rules .
Motio n to c o ns ider and p as s for the sec ond and third times and ad o p t the
O rdinanc e.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning and Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro val
T he S an Marnan Urb an R enewal and R ed evelopment P lan is being amend ed
Page 115 of 381
S ummary S tatement:
to remo ve multiple areas from the exis ting T I F b o und ary. By s ep arate
actio n, it is propos ed that thes e areas will be p ut bac k into the T I F
b o und ary, and add o ne ad d itional property. T he end result o f the
amendments will only inc reas e the area of the exis ting T I F b o und ary by
inc luding one additio nal p arcel. T he areas being remo ved and then p ut b ac k
in the T I F are und eveloped areas that are no t likely to develo p before their
20 year suns et, and the amendment will es tab lis h a new 20 year sunset fo r
thes e areas . O nc e removed from the exis ting T I F, any inc rement will be
releas ed fro m the T IF, and o nc e put b ack in, the current values will b eco me
the new frozen bas e that is released to all taxing entities , inc luding the C ity of
Waterlo o 's general fund. O nly future inc rement fro m future develo p ment o f
thes e areas wo uld b e c ap tured by the T I F. T his wo uld ap p ear to be the b es t
mo d el to ac c o mp lis h econo mic d evelopment of this area. Amend ments to a
T I F P lan req uire a c o nsultatio n with taxing entities , whic h was held o n
No vember 8, 2017.
T he P lanning, P ro gramming and Zo ning C ommis s ion reviewed the
p ro p o s ed amendment at their regular meeting on Novemb er 14, 2017 and
unanimous ly rec o mmended ap p ro val o f the amend ment.
Exp enditure R equired :No ne
S ource o f F und s :n/a
P olic y Issue:Econo mic Develo p ment, S trategic P lan P o lic ies 1, 3 and 4.
Legal Desc riptio ns :S ee Attached
Page 116 of 381
Prepared by Aric Schroeder, City of Waterloo, 715 Mulberry Street, Waterloo, IA, 50703 319 -291-4366
Return to preparer after recording.
AMENDMENT 3 TO
SAN MARNAN URBAN RENEWAL AND REDEVELOPMENT PLAN
RECITALS
A. On April 19, 1999, the City Council of the City of Waterloo, Iowa (the “City”)
adopted Ordinance No. 4351 and on July 26, 1999 adopted Resolution No. 1999-
499, determining that certain areas located within the City are eligible and should
be designated as an urban renewal area under Iowa law, and approved and
adopted the San Marnan Urban Renewal and Redevelopment Plan of the City of
Waterloo Iowa (the “Plan”)(Original area).
B. On December 13, 2004, the City Council adopted Ordinance 4748 and Resolution
No. 2004-835, in which it was agreed to amend the Plan by extending the property
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
1 area).
C. On September 14, 2009, the City Council adopted Ordinance 4956 and Resolution
No. 2009-912, in which it was agreed to amend the Plan by extending the property
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
2 area).
D. The City desires to amend the Plan again to reduce the area included therein and
to update related information in the Plan. Said amendment may be referred to as
Amendment No. 3 removal area.
AMENDMENT
NOW THEREFORE, the San Marnan Urban Renewal and Redevelopment Plan, as
previously amended, is hereby further amended as follows:
1. Attachments A and B to the Plan are hereby stricken in their entirety, and the
new Attachments A and B wich are attached hereto are substituted in their place so that the
Plan shows the current legal description and map, describing and depicting the boundaries of
the San Marnan Urban Renewal and Redevelopment Plan and TIF District, as amended.
Page 117 of 381
2
2. The attachments listed below, each of which is attached hereto, are included in
this amendment to show compliance with procedural requirements under state law for adoption
of this amendment, but do not replace or supersede similar attachments to the original Plan or
any amendment thereto adopted prior to this amendment:
Attachment G (Planning, Programming & Zoning resolution)
Attachment H (notice of consultation)
Attachment J (resolution adopting this amendment)
Attachment K (ordinance adopting amended TIF district)
Attachment L (notice of public hearing)
3. Except as modified by this amendment, the Plan, as previously amended, shall
continue unmodified in full force and effect.
PASSED AND APPROVED this _____ day of ______________, 2017.
______________________________
Quentin Hart, Mayor
ATTEST:
______________________________
Kelley Felchle, City Clerk
Page 118 of 381
0 10.5 Miles
W 4 t h S t
Highway 20
K i m b a l l A v
H i g h w a y 2 1
E San Marnan Dr
W Shaulis Rd
A n s b o r o u g h A v
Attachment A - San Marnan Development Plan Area T.I.F. District Removal
±
Legend
Removed Areas
Existing TIF District Boundary
W S a n M a r n a n D r
E Shaulis Rd
Page 119 of 381
Attachment B
SAN MARNAN URBAN RENEWAL AND REDEVELOPMENT PLAN
URBAN RENEWAL AREA LEGAL DESCRIPTIONS
Original area (1999) (Original Subarea)
A part of the NW 1/4 of the NE 1/4, NE 1/4 of the NE 1/4 and the SW 1/4 of the NE 1/4 of Section 9-88-
13, Waterloo, Black Hawk County, Iowa, described as follows:
Commencing at the Northeast corner of the NW 1/4 of the NE 1/4 of said Section 9; thence S 00°26'14" E
along the East Line of the NW 1/4 of the NE 1/4 of said Section 9 a distance of 463.53 feet to the point of
beginning; thence S 89°03'48" E a distance of 110.02 feet; thence Northeasterly along a curve concave
Northwesterly having a radius of 82.72 feet and a long chord bearing N 64°43'56" E a distance of 75.66
feet to the Northerly R-O-W line of Tower Park Drive as platted in Tower Park, Waterloo, Black Hawk
County, Iowa; thence S 51°28'16" E along the Westerly end of said Tower Park Drive a distance of 60.00
feet; thence Southwesterly along a curve concave Northwesterly having a radius of 142.72 feet and a long
chord bearing S 64°43'57" W a distance of 130.55 feet; thence N 89°03'48" W a distance of 58.09 feet;
thence Southerly along a curve concave Southeasterly having a radius of 20.00 feet and a long chord
bearing S 45°14'59" W a distance of 31.90 feet; thence S 00°26'14" E a distance of 346.22 feet; thence N
89°34'11" W a distance of 30.00 feet to the East line of the NW 1/4 of the NE 1/4 of said Section 9;
thence S 00°26'14" E along the East line of the NW 1/4 of the NE 1/4 and the East line of the SW 1/4 of
the NE 1/4 of said Section 9 a distance of 470.00 feet to the Northerly R-O-W of U.S. Hwy. 20; thence N
89°34'11" W along said Northerly R-O-W a distance of 780.00 feet; thence N 00°26'14" W a distance of
530.00 feet; thence S 89°34'11" E a distance of 750.00 feet; thence N 00°26'14" W a distance of 367.24
feet; thence S 89°03'48" E a distance of 30.01 feet to the point of beginning, all in the City of Waterloo,
Black Hawk County, Iowa.
The East line of the NW 1/4 of the NE 1/4 of Section 9-88-13, Waterloo, Black Hawk County, Iowa is
assumed to bear S 00°26'14" E.
Amendment No. 1 area (2004) (Amendment No. 1 Subarea) (as modified by Amendment
No. 3 (2017))
Beginning at the intersection of the centerlines of W. 4th Street and West San Marnan Drive, thence
Easterly along the centerline of West San Marnan Drive to the point where the centerline of Johnathon
Street extended would intersect said centerline, thence South and Southeasterly along the extension of the
centerline and the centerline of Johnathon Street to the South line of Tower Park Drive, thence
Southwesterly along an arc following the Southerly line of Tower Park Drive to the Westerly line of Tract
A of Tower Park Addition, thence South 45o26’ 14” East a distance of 173.84 feet, to a point on the
Southwesterly line of Lot 1 Tower Park Addition, thence following said line of Lot 1 57.3 feet along a 64
foot radius curve, thence South 45o26’ 14” East 52 feet to the point of intersection of Lot 1 and Tract A,
thence South 54o48’ 14” East to the most Southerly corner of Tract A, thence in a straight line to the most
Westerly corner of Lot 1 of Tower Park No. 2, thence East along the South line of said Lot 1 and an
Page 120 of 381
extension thereof to the centerline of Kimball Avenue, thence South along the centerline of Kimball
Avenue to the centerline of U.S. Highway 20, thence Easterly along the centerline of U.S. Highway 20 to
its intersection with the East line of the West ¾ of Section 10 Township 88 Range 13, thence South along
the East line of the West ¾ of said Section 10 to the South line of said Section, thence West along the
South line of Section 10 Township 88 Range 13 to the Southwest corner of said Section, thence
continuing West along the South line of Section 9 Township 88 Range 13 to the Southwest corner of said
Section, thence West 466 feet along the South line of Section 8 Township 88 Range 13, thence North 466
feet, thence East 466 feet to the East line of said Section 8, thence North along the East line of said
Section to its intersection with the centerline of U.S. Highway 20, thence Westerly along said centerline
to its intersection with the centerline of West 4th Street, thence North along the centerline of West 4th
Street to the centerline of San Marnan Drive, said point being the point of beginning, except that part
described as follows:
A part of the NW 1/4 of the NE 1/4, NE 1/4 of the NE 1/4 and the SW 1/4 of the NE 1/4 of Section 9-88-
13, Waterloo, Black Hawk County, Iowa, described as follows:
Commencing at the Northeast corner of the NW 1/4 of the NE 1/4 of said Section 9; thence S 00o26'14" E
along the East Line of the NW 1/4 of the NE 1/4 of said Section 9 a distance of 463.53 feet to the point of
beginning; thence S 89o03'48" E a distance of 110.02 feet; thence Northeasterly along a curve concave
Northwesterly having a radius of 82.72 feet and a long chord bearing N 64o43'56" E a distance of 75.66
feet to the Northerly R-O-W line of Tower Park Drive as platted in Tower Park, Waterloo, Black Hawk
County, Iowa; thence S 51o28'16" E along the Westerly end of said Tower Park Drive a distance of 60.00
feet; thence Southwesterly along a curve concave Northwesterly having a radius of 142.72 feet and a long
chord bearing S 64o43'57" W a distance of 130.55 feet; thence N 89o03'48" W a distance of 58.09 feet;
thence Southerly along a curve concave Southeasterly having a radius of 20.00 feet and a long chord
bearing S 45o14'59" W a distance of 31.90 feet; thence S 00o26'14" E a distance of 346.22 feet; thence N
89o34'11" W a distance of 30.00 feet to the East line of the NW 1/4 of the NE 1/4 of said Section 9;
thence S 00o26'14" E along the East line of the NW 1/4 of the NE 1/4 and the East line of the SW 1/4 of
the NE 1/4 of said Section 9 a distance of 470.00 feet to the Northerly R-O-W of U.S. Hwy. 20; thence N
89o34'11" W along said Northerly R-O-W a distance of 780.00 feet; thence N 00o26'14" W a distance of
530.00 feet; thence S 89o34'11" E a distance of 750.00 feet; thence N 00o26'14" W a distance of 367.24
feet; thence S 89o03'48" E a distance of 30.01 feet to the point of beginning, all in the City of Waterloo,
Black Hawk County, Iowa.
The East line of the NW 1/4 of the NE 1/4 of Section 9-88-13, Waterloo, Black Hawk County, Iowa is
assumed to bear S 00o26'14" E.
Except the following 5 areas removed from the Amendment No. 1 area by Amendment No. 3 (2017):
Area 1: That part of the above described Amendment No. 1 area located in Section 9 and 10 of T88 R13
lying Southerly of the centerline of US Highway 20.
Area 2: That part of the above described Amendment No. 1 area located in Section 8 of T88 R13, but not
excepting that part of said Section 8 described as Beginning at the intersection of the East line of the NE
¼ of said Section 8 and an Easterly extension of the South line of the parcel of land described in Land
Deed Book 543, Page 141, in the Black Hawk County Recorder’s Office; thence S89°40’05”W 49.00’;
Page 121 of 381
thence continuing S89°40’05”W 188.62’; thence S89°05’28”W to the Easterly right-of-way line of
Galactic Drive; thence Northerly along said Easterly right -of-way line and an extension of said Easterly
right-of-way line to the centerline of West San Marnan Drive; thence Easterly along said centerline to a
point that would intersect a Northerly extension of the East line of said Section 8; thence Southerly along
said Northerly extension and the East line of said Section 8 to the Point of Beginning.
Area 3: That part of the above described Amendment No. 1 area described as Beginning at the
intersection of the centerline of West San Marnan Drive and the Northerly extension of the West line of
the Northeast ¼ of the Northwest ¼ of Section 9, T88 R13; thence Southerly along said Northerly
extension and said West line to the Northerly right-of-way line US Highway 20; thence Easterly along
said Northerly right-of-way line to the Southwest corner of Lot 1 of Tower Technology Park Plat No. 1;
thence Northerly along the Westerly line of said Lot 1 to the Northwest corner of said Lot 1; thence
Northerly along the Westerly most line of Tract A of Tower Technology Park Plat No. 1 to the Northwest
corner of said Tract A that is on said Westerly most line of said Tract A; thence Easterly along the
Northerly right-of-way line of Fisher Drive, as presently established, to a point that is N89°34’50”W
50.00’ from the Southwest corner of Lot 3 of Tower Park No. 5; thence N0°26’00”W 310.66’ to the
Southerly right-of-way line of Tower Park Drive, as presently established; thence Easterly along said
Southerly right-of-way line to a point where a Southerly extension of the West line of Lot 2 of Tower
Park No. 5 would intersect; thence Northerly along a Southerly extension of said West line, along said
West line, and along a Northerly extension of said West line to the centerline of West San Marnan Drive;
thence Westerly along said centerline to the point where a Northerly extension of the Easterly line of Lot
1 of Tower Park No. 6 would intersect; thence Southerly along said Northerly extension and said Easterly
line to the Southeast corner of said Lot 1; thence Westerly along the South line of said Lot 1 to the
Southwest corner of said Lot 1; thence Northerly along the Easterly right-of-way line of Hurst Drive and
a Northerly extension of said Easterly right-of-way line to the centerline of West San Marnan Drive;
thence Westerly along said centerline of West San Marnan Drive to the Point of Beginning.
Area 4: That part of the above described Amendment No. 1 area described as: Lot 1, Tract A, and Tract B
of Tower Park No. 4.
Area 5: That part of the above described Amendment No. 1 area described as: Lot A and Lot 3 except the
East 21.99 feet of Lot 3 of Country Club Business Center Addition, and Lot 2 of Country Club Business
Center Second Addition, and Lot 3 of Country Club Business Center Third Addition.
Amendment No. 2 area (2015) (Amendment No. 2 Subarea)
A parcel of land in the Northwest Quarter (NW ¼) of Section 10, Township 88 North, Range 13 West of
the 5th P.M., Black Hawk County, Iowa, described as follows:
Beginning at the intersection of the centerline of Kimball Avenue and the centerline of US Highway 20;
thence Easterly along the centerline of US Highway 20 to the intersection of said centerline and the
Southerly extension of the Western-most line of Lot 1, Anderson’s Addition; thence Northerly along said
Western-most line of Lot 1, Anderson’s Addition and the extension thereof, to the South line of Lot 1,
Anderson’s 1st Addition; thence Westerly along the South line of Lot 1, Anderson’s 1st Addition and the
South end of the Mirage Ridge right of way to the West right of way line of Mirage Ridge; thence North
Page 122 of 381
along the West right of way line of Mirage Ridge to the South line of Lot 1, Anderson’s Fifth Addition;
thence Westerly along the South line of Lot 1, Anderson’s Fifth Addition and Lot 1, Anderson’s Eighth
Addition and the Westerly extension thereof, to the centerline of Kimball Avenue; thence Southerly along
the centerline of Kimball Avenue to the centerline of US Highway 20 and the point of beginning, all in
the City of Waterloo, Black Hawk County, Iowa.
Page 123 of 381
DATE: October 13, 2017
TO: Planning and Zoning Commission Members
From: Aric A. Schroeder, City Planner
RE: Proposed Amendments to the San Marnan Area Urban Renewal
Planning staff is proposing to amend the San Marnan Urban Renewal and
Redevelopment Plan and TIF District by removing multiple areas from the
existing TIF boundary, and then putting those areas back into the TIF boundary.
The end result of the amendments will not significantly increase the area of the
existing TIF boundary. One additional area that was not previously included in
the TIF District will be added to correct a previous error in the boundary. The
areas being removed and then put back in the TIF are undeveloped areas that are
not likely to develop before their 20 year sunset, and the amendment will establish
a new 20 year sunset for these areas. Once removed from the existing TIF, any
increment will be released from the TIF, and once put back in, the current values
will become the new frozen base that is released to all taxing entities, including the
City of Waterloo’s general fund. Only future increment from future development
of these areas would be captured by the TIF. This would appear to be the best
model to accomplish economic development of this area. The amendment will
also update projects and project budgets to be included in the Plan, and include
other general updates to the Plan.
Attached are three maps, including a map that shows the existing San Marnan
Development Plan Area TIF District Boundary, as well as a map that shows what
areas would be removed (Amendment No. 3), and then a map that shows the
areas to be put back into the TIF District (Amendment No. 4).
If you have any questions on the amendments, please contact our office.
Respectfully,
Aric A. Schroeder,
City Planner
Mayor
QUENTIN
HART
COUNCIL
MEMBERS
TOM
POWERS
Ward 1
BRUCE
JACOBS
Ward 2
PAT
MORRISSEY
Ward 3
JEROME
AMOS
Ward 4
RON
WELPER
Ward 5
TOM
LIND
At-Large
STEVE
SCHMITT
At-Large
COMMUNITY PLANNING AND DEVELOPMENT
715 Mulberry Street Waterloo, Iowa 50703-5783 (319) 291-4366 Fax (319) 291-4262
NOEL ANDERSON, Community Planning & Development Director
WE’RE WORKING FOR YOU!
An Equal Opportunity/Affirmative Action Employer
Page 124 of 381
0 10.5 Miles
W 4 t h S t
Highway 20
K i m b a l l A v
H i g h w a y 2 1
E San Marnan Dr
W Shaulis Rd
A n s b o r o u g h A v
San Marnan Development Plan Area T.I.F. District Boundary Map
±
W S a n M a r n a n D r
E Shaulis Rd
Orig.Area
Amend. #1 Area
Amend. #2 Area
Legend
Existing TIF District Boundary
Page 125 of 381
0 10.5 Miles
W 4 t h S t
Highway 20
K i m b a l l A v
H i g h w a y 2 1
E San Marnan Dr
W Shaulis Rd
A n s b o r o u g h A v
Attachment A - San Marnan Development Plan Area T.I.F. District Removal
±
Legend
Removed Areas
Existing TIF District Boundary
W S a n M a r n a n D r
E Shaulis Rd
Page 126 of 381
0 10.5 Miles
W 4 t h S t
Highway 20
K i m b a l l A v
H i g h w a y 2 1
E San Marnan Dr
W Shaulis Rd
A n s b o r o u g h A v
Attachment A - San Marnan Development Plan Area T.I.F. District Expansion
±
H a m m o n d A v e
W S a n M a r na n D r
E Shaulis Rd
Legend
San Marnan TIF Expansion Area
Existing TIF District Boundary
Page 127 of 381
C ITY OF WATER LOO
Council Communication
R es o lutio n approving the C ity of Waterlo o Annual F inanc ial R eport for the F is c al Year ended June 30, 2017
and authorizing the p ublic ation of the report and s ubmission to the S tate of I o wa.
City Council Meeting: 11/27/2017
Prepared: 11/18/2017
R EV I EWER S :
D epartment R eviewer Action D ate
F inance Weidner, M ichelle Approved 11/20/2017 - 4:17 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:19 P M
ATTA C H M EN TS :
Description Type
Annual F inancial R eport F Y E 17 Council C omm C over Memo
Annual F inancial R eport F Y 17 B ackup M aterial
S UB J E C T:
R es o lution approving the C ity of Waterloo Annual F inanc ial R eport for the
F is cal Year end ed June 30, 2017 and authorizing the pub licatio n o f the report
and s ubmis s io n to the S tate o f Io wa.
S ub mitted by:S ubmitted By: Mic helle Weidner, C hief F inanc ial O ffic er
S ummary S tatement:
T he C ity Annual F inancial R ep o rt fo rmat is s imilar to the annual b udget
filing required b y the state. Informatio n in this rep o rt will b e shared with the
o ffice o f the Io wa Aud itor o f S tate, the U.S . Bureau o f the C ensus , vario us
p ublic interes t group s and other s tate and fed eral agenc ies .
T his report was p rep ared us ing a mo d ified c as h basis o f ac counting, whic h
is the method that the C ity uses fo r bud geting. Ad d itional info rmation
regarding the p erfo rmanc e of city fund s will b e provid ed when the
comprehens ive annual financial rep o rt is c ompleted . At this time, we expec t
that to b e c ompleted in late Dec emb er.
Page 128 of 381
WE’RE WORKING FOR YOU!
An Equal Opportunity/Affirmative Action Employer
Mayor
QUENTIN
HART
COUNCIL
MEMBERS
TOM
POWERS
Ward 1
BRUCE
JACOBS
Ward 2
PATRICK
MORRISSEY
Ward 3
JEROME
AMOS, JR.
Ward 4
RON
WELPER
Ward 5
TOM
LIND
At-Large
STEVE
SCHMITT
At-Large
CITY CLERK AND FINANCE DEPARTMENT
715 Mulberry St. Waterloo, IA 50703 (319) 291-4323 Fax (319) 291-4571
SUZY SCHARES City Clerk MICHELLE WEIDNER, CPA Chief Financial Officer
Council Communication
City Council Meeting: November 27, 2017
Prepared: November 18, 2017
Dept. Head Signature: Michelle Weidner
Number of Attachments: 1
SUBJECT: Resolution approving the City of Waterloo
Annual Financial Report for the Fiscal Year
Ended June 30, 2017
Submitted by: Michelle Weidner, Chief Financial Officer
Recommended City Council Action: I request that the City Council approve
the City of Waterloo Annual Financial Report for the Fiscal Year Ended June 30,
2017 and authorize publication of the report and submission to the State of Iowa.
Summary Statement: The City Annual Financial Report format is similar to the
annual budget filing required by the state. Information in this report will be shared
with the office of the Iowa Auditor of State, the U.S. Bureau of the Census, various
public interest groups and other state and federal agencies.
This report was prepared using a modified cash basis of accounting, which is the
method that the City uses for budgeting. Additional information regarding the
performance of city funds will be provided when the comprehensive annual
financial report and audit is completed. At this time, we expect that to be
completed in late- December.
Expenditure Required: None
Source of Funds: N/A
Policy Issue: None
Alternative: None
Background Information: None
CITY OF WATERLOO, IOWA
Page 129 of 381
Faro F-66 (IA-2)
7-3-'2017)
STATE OF IOWA
2017
FINANCIAL REPORT
FISCAL YEAR ENDED
JUNE 30, 2017
WATERLOO
CITY OF WATERLOO , IOWA
16206701000000
CHIEF FINANCIAL OFFICER
715 MULBERRY STREET
WATERLOO, IA 50703
Please owed any error in name, address, and ZIP Code) DUE: December 1, 2017
WHEN Mary Mosiman, CPA
COMPLETED, Office of Auditor of State
PLEASE Lucas State Office Building
RETURN TO 321 E. 12th Street, 2nd Floor
Des Moines, IA 50319
NOTE - The information supplied in this report will be shared by the Iowa State
Auditor's Office, the U.S. Census Bureau, various public interest groups, and State
and federal agencies.
ALL FUNDS
Item description Governmental
a) Proprietaryb) Total actual
c) Budgetd)
Revenues and Other Financing Sources
Taxes levied on property 38,720,046 38,720,046 38,823,734
Less: Uncollected property taxes-levy year 0 0 0
Net current property taxes 38,720,046 38,720,046 38,823,734
Delinquent property taxes 10,996 10,998 0
TIF revenues 7,873,742 7,873,742 7,738,405
Other city taxes 18 443,966 0 18,443,966 17,349,519
Licenses and permits 1,547,474 17,955 1,585,429 1,341 775
Use of money and property 1,478,214 51,490 1,529,704 1,400,731
Intergovernmental 42,049 751 277 824 42,327,575 28 791 782
Charges for fees and service 8,087,422 18,190,826 26,278,248 26,707 716
Special assessments 219,394 0 219,394 248,000
Miscellaneous 6,619 512 1,338 6,620,850 6 548 536
Other financing sources 36,436,282 1,820,382 38,256,664 43,350,483
Total revenues and other sources 161,486,801 20,359,815 181,846,616 172,300,681
Expenditures and Other Financing Uses
Public safety 30,616,468 0 30 616 468 32,213 820
Public works 22,534,171 0 22,534,171 28,595,031
Health and social services 381 464 0 381,464 527 954
Culture and recreation 10,506,477 0 10,506,477 11,761,084
Community and economic development 13,012,735 0 13,012,735 15,938,940
General govemment 9,942,653 0 9,942,653 10,508,258
Debt service 17,702,578 0 17,702,578 17 959 646
Capital projects 19,968,313 0 19,968,313 24,210,183
Total governmental activities
expenditures 124,664,859 0 124,664,859 139,714,918
Business type activities 0 15,262,104 15,262,104 26 156 475
Total ALL expenditures 124,664,859 15,262,104 139,926,963 165,871,391
Other financing uses including transfers out 12,817,725 3,978,011 16,795,736 18,675,483
Total ALL expenditures/And
other financing uses 137,482,584 19,240,115 156,722,699 184,546,874
Excess revenues and other sources over
Under) Expenditures/And other
financing uses 24,004,217 1,119,700 25,123,917 12,246,193
Beginning fund balance July 1 2016 70,777,089 17,375,157 88,152,246 77,310,111
Ending fund balance June 30, 2017 94,781,306 18,494,857 113,276,163 65,063,918
Note - These balances do not include $ held in non-budgeted internal service funds; $
held in Pension Trust Funds; $ held in Private Purpose Trust funds and $ 14,153
held in agency funds which were not budgeted and are not available for city operations.
Indebtedness at June 30, 2017 Amount- Omit cents Indebtedness at June 30, 2017 Amount- Omit cents
General obligation debt
104,480,430 Other long-term debt 0
Revenue debt
0 Short-term debt 0
TIF Revenue debt
1,533 272
General obligation debt limit 189,916,898
CERTIFICATION
THE FOREGOING REPORT IS CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF
Signature of city Geek Date Publlshed/Posted Mark (5) oneomaPubbsned
0 mite Pouted
Printed name of city clerk
Kelley Felchle, CMC Telephone '
Area Code
319
Number
291
Extension
4323
Signature of Mayor or other City official (Name and Title) Date signed
PLEASE PUBLISH THIS PAGE ONLY Page 130 of 381
Parti REVENUE AND OTHER FINANCING SOURCES FOR YEAR ENDED JUNE 30,2017 CITY OF WATERLOO
SELECT ONLY ONE
GMP XINON-GAAP= CASH BASIS
Indicate4by entering an X in the appropria a ox on this sheet ONLY
LineNo. Item description General
a)
Special revenue
b)
TIF specialrevenue
c)
Debt service
d)
Capital projects
e)
Permanent
9
Total
governmental
Sum of cols.
a) through (f))
q)
Proprietary
h)
Code GRAND TOTALSumofcols.
g) and (h)) CO LineNo.
1 Section A - TAXES
12Taxesleviedonproperty21,430,667 9,750,838 7,538,541 38,720,046 38,720,046 23Less: Uncollected property taxes - Levy year 0 0 3
4 Net current property taxes 21,430,667 9,750,838 7,538,541 0 38,720,046 TO1 38.720,046 45Delinquentpropertytaxes6,284 2,926 1,788 10,998 TO1 10,998 56Totalpropertytax21,436,951 9,753,764 7,540,329 0 0 38,731,044 38,731,044 67TIFrevenues7,873,742 7,873,742 T01 7,873,742 7
8 Other city taxesUtilitytaxreplacement excise taxes 8878,318 401,060 279,986 1,559,364 T15 1.559,364
9 Utility franchise tax (Chapter 364.2, Code of Iowa) 3,522,143 3,522,143 T15 3,522,143 910Parimutuelwagertax0C3001011Gamingwagertax1,322,664 1,322,664 C30 1,322,664 1112Mobilehometax39,751 18,226 12,700 70,677 T19 70,677 1213Hotel/motel tax 1,289,869 1,289,869 T19 1,289.869 1314Otherlocaloptiontaxes10,679,249 10,679,249 T09 10,679,249 1415TOTALOTHERCITYTAXES7,052,745 11,098,535 0 292,886 0 0 18,443,966 0 18,443,966 15
16 Section B- LICENSES AND PERMITS 1,525,566 21,908 1,547,474 17,955 T29 1,565,429 1617SectionC - USE OF MONEY AND PROPERTY
1718Interest82,953 36,543 15,870 9,140 77,300 221,806 51,490 U20 273,296 1819Rentsandroyalties992,827 194,885 64,296 1,252,008 U40 1,252,008 1920Othermiscellaneoususeofmoneyandproperty4,400 4,400 U20 4,400 2021002122TOTALUSEOFMONEYANDPROPERTY1,080,180 231,428 15,870 73,436 77,300 0 1,478.214 51,490 1,529,704 2223
24 23
24SectionD - INTERGOVERNMENTAL
2526 Federal grants and reimbursements 25
2627Federalgrants257,075 293,019 550,094 669 550,094 27
28 Community development block grants 1,767,567 1,767,567 B50 1,767,567 28
29 Housing and urban development 5,377,392 5,377,392 B50 5,377,392 2930Publicassistancegrants04,200 679 4,200 3031Paymentinlieuoftaxes0B3003132003233TotalFederalgrantsandreimbursements257,075 7,437,978 0 0 0 0 7.695,053 4,200 7,699,253 3334
34
3536 35
37 36
38 37
3 9 38
40 3940
nnnn,Intl nn neve nano
Continued on next page Page 2 FORM F-66(IA-2) (7-3-2017)
Page 131 of 381
Pari l REVENUE AND OTHER FINANCING SOURCES FOR YEAR ENDED JUNE 30.2017 -Continued CITY OF WATERLOO XNON-GAAP= CASH BASISGAAP
Line
No.
Item description General
a)
Special revenue
b)
TIF specialrevenue
c)
Debt service
d)
Capital projects
e)
Permanent
0
Total
governmental
Sum of cols.
a) through (9)
9)
Proprietary
h)
Code GRAND TOTALSumofcols.
g) and (h)) 1) LineNo.
41 Section 0 - INTERGOVERNMENTAL - Continued
45
1
41
42
4243Statesharedrevenues43
44 Road use taxes'1 8492,172 8,492172 C46 1 8,492,172 44
45
c46 46
47 47
48 Other state grants and reimbursements' 48
49 Slate grants 45,152 45,152 C89 45,152 49
50 Iowa Department of Transportation 1,793,859 1,793,859 C89 1,793,859 50
51 Iowa Department of Natural Resources 40,699 40,699 C89 40,699 51
52 Iowa Economic Development Authority 2,690,822 2,690,822 C89 2,690,822 52
53 CEBA grants 0 C89 0 53
54 Commercial & Industrial Replacement Claim 912,486 416,662 359,555 335,437 2,024,140 C89 2,024,140 54
55 Substance Abuse Grants 250,058 250,058 250,058 55
56 State share- Public Assistance Grants 42,154 42,154 42,154 56
57 State share - Beer/Liquor 106,080 106,080 106,080 57
58 0 0 58590059
60 Total state 1,313,776 13,392,060 359,555 335,437 0 0 15,400,828 0 15,400,828 60
61 61
62 Local grants and reimbursements 62
63 County contributions 0 0 63
64 Library service 71,163 71,163 D89 71,163 64
65 Township contributions 38,707 38,707 D89 38,707 65
66 Fire/EMT service 0 D89 0 66
67 Local government reimbursements 224,764 619,236 844,000 273,624 D89 1,117,624 67
68 0 0 68
69 Transfer of Jurisdiction pmt from State of Iowa 18,000,000 18,000,000 18,000,000 69
70 Total local grants and reimbursements 334,634 18,619,236 0 0 0 0 18,953,870 273,624 19,227,494 70
71 TOTAL INTERGOVERNMENTAL (Sum of lines 33, 60, and 70) 1,905,485 39,449,274 359,555 335,437 0 0 42,049,751 277,824 42,327,575 71
72 Section E -CHARGES FOR FEES AND SERVICE 72
73 Water 0 A91 0 73
74 Sewer 0 14,597,009 A80 14,597,009 74
75 Electric 0 A92 0 75
76 Gas 0 A93 0 76
77 Parking 551,068 551,068 A60 551,068 77
78 Airport 213,018 106,833 319,851 A01 319,851 78
79 Landfill/garbage 0 3,593,817 A81 3,593,817 79
80 Hospital 0 A36 0 80
Continued on next page Page 3 FORM F-66(IA-2) (7-3-2017)
Page 132 of 381
Part l REVENUE AND OTHER FINANCING SOURCES FOR YEAR ENDED JUNE 30,2017 --Con lnued CITY OF WATERLOO GAAP CASH BASISNON -GAAP
LineNo. Item description General Special revenue
b)
TIF special
revenue
c)
Debt service
d)
Capital projects
e)
Permanent
f)
Total
governmental
Sum of cols.
a) through (f))
9)
Proprietary
h)
Code
GRAND TOTAL
Sum of cols.
g) and (h)) i)
Line
No.
81 Section E - CHARGES FOR FEES AND SERVICE - Continued
a) ..
81
82 Transit 0 A94 0 82
83 Cable TV 0 T15 0 83
84 Internet 0 A03 0 84
85 Telephone 0 A03 0 85
86 Housing authority 0 A50 0 86
87 Storm water 0 A80 0 87
88 Other: c: 88
89 Nursing home 0 A89 0 89
90 Police service fees 344,985 344,985 A89 344,985 90
91 Prisoner care 0 A89 0 91
92 Fire service charges 197,508 197,508 A89 197,508 92
93 Ambulance charges 1,876,403 1,876,403 A89 1,876,403 93
94 Sidewalk street repair charges 84,097 84,097 A44 84,097 94
95 Housing and urban renewal charges 221.756 221,756 A50 221,756 95
96 River port and terminal tees 0 A87 0 96
97 Public scales 0 A89 0 97
98 Cemetery charges 0 A03 0 98
99 Library charges 74,254 74,254 A89 74,254 99
100 Park, recreation, and cultural charges 3,495,259 3,495,259 A61 3,495,259 100
101 Animal control charges 0 A89 0 101
102 Other charges - Speciry 0 0 102
103 Service charges - Planning, Engineering, Traffic, Street 822,270 99,971 922,241 922 241 103
104 TOTAL CHARGES FOR SERVICE 7,658,862 428,560 0 0 0 0 8,087,422 18,190,826 26,278,248 104
105 105
106 Section F - SPECIAL ASSESSMENTS 219,394 21 U01 1 219,394 106
107 Section G - MISCELLANEOUS 107
108 Contributions 362,199 362,199 U99 36362,1999 108
109 Deposits and sales/fuel tax refunds 1,769,314 79,298 153,851 2,002,463 1,338 U99 2,003,801 109
110 Sale of property and merchandise 0 U11 0 110
111 Fines 175,680 175,680 U30 175,680 111
112 Internal service charges 3,248,600 50,000 3.298,600 NR 3,298,600 112
113 Other miscellaneous - Specify 0 0 113
114 Other 683,632 210 96,728 780,570 780,570 114
115 0 0 115
116 0 0 116
117 0 0 117
118 0 0 118
119 0 0 119
120 TOTAL MISCELLANEOUS 6,239,425 129,508 0 250,579 0 0 6,619,512 1,338 6,620,850 120
Continued on next page Page 4 FORM F-66(IA-2) (7-3-2017)
Page 133 of 381
REVENUE AND OTHER FINANCING SOURCES FORYEAR ENDED JUNE 30,2011—Continued CITY OF WATERLOO GAAP X NON -GAAP = CASH BASIS
Line
No.
121
122
Item description
TOTAL ALL REVENUES (Sum of lines 6, 7, 15,16,22
71, 104, 106, and 120)
General
a)
Special revenue
b)
TIF special
revenue
c)
Debt service
d)
Capital projects
e)
Permanent
9
Total
governmental
Sum of cols.
a) through (p)
9)
Proprietary
h)
Code GRAND TOTALSumofcols.
g) and (h))
i)
LineNo.
47,118,608 61,112,977 8,249,167 8,492,467 77,300 0 125,050,519 18,539,433 143,589,952 121
123 Section H - OTHER FINANCING SOURCES
122
123
124
125126
127128
129
Proceeds of capital asset sales
Proceeds of long-term debt (Excluding TIF internal borrowing )
Proceeds of anticipatory warrants or other shod -term debt
Regular transfers in and intedund loans
Internal TIF loans and transfers in
70,564 10,000 80,564 NR 80,564 124
2,069,996 17,250,000 19,319,996 1,820,382 NR 21,140,378 125
239,986 239,986 A89 239,986 126
6,415,570 539,708 4,025,261 10,960,539 10,980,539 127
159,807 88,500 3,395,803 2,171,087 5,815,197 5,815,197 128
0 0 129
130 0 0 130
131 TOTAL OTHER FINANCING SOURCES 6,645,941 549,708 88,500 9,491,060 19,661,073 0 36,436,282 1,820,382 38,256,664 131
132133
TOTAL REVENUES except for beginning balances
Sum of lines 121 and 131) 53,764,549 61,662,685 8,337,667 17,983,527 19,738,373 0 161,486,801 20,359,815 181,846,616 132
133
134135 Beginning fund balance July 1, 2016 27,304,555 13,853,661 2,431,654 631,543 26,555,676 70,777,089 17,375,157 88,152,246 134
135
136
TOTAL REVENUES AND OTHER FINANCING SOURCES (Sum
of lines 132 and 134) 81,069,104
137 75,516,346 10,769,321 16,615,070 46,294,049 0 232,263,890 37,734,972 269,998,862 136
137
138 138
139 139
140 140
141 141
142 142
143144
145146
143
144145
146
147 147
148 148
149 149
150 150
151 151
152 152
153 153
154 154
155 155
156 156
157 157
158 158
159 159
Continued an next page Page 5 FORM F-66(IA-2) (7-3-2017)
Page 134 of 381
Part 11 EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 31:1 2017 CITY OF WATERLOO OGAAP CASH BASISNON'GAAP
LineNo. Item descdption General
a)
Special revenue
b)
TIF specialrevenue
o)
Debt service
d)
Capital projects
e)
Permanent
9
Total
governmental
Sum of cols.
a) through (9)
9)
Proprietary
h)
Code
GRAND TOTAL
Sum of
col. (g)) i) LineNo.
1 Section A—PUBLIC SAFETY
i::
1
2 Police de•artment/Crime•revention— Current o•eration 14,172,518 4,173,303 18,345821 E62 18345,821 2
3 Purchase of land and e•ui•ment 64,963—::::::::::''' 64.963::::::: G62 64.963 30
56
o :: :::::! ii:::: F62 0 4
Jail—Currento.---:"';';';.;.;';''%;'; Purchase of land and e• ui•menl 0 :::: E04 0 5
0;:;:::;:;:;:;:;:;:;:;::::: G04 0 6
78 Emergenc mane. ement— Current o•eration 76,445= 76445 E89 76,445 8
9 Purchase of land and e•ui•ment c::.: 0__..::... .. ::: G89 0 9
10 Flood control — Current o
E::::::-
0';:;:;:;:;:;::;:;:::::::
j::::::::::::::
i:c :::::::::
E59 0 100Purchaseoflandande•ui•ment 0 G59 0 11
12 0 F59 0 12
Fire de•artment— Current o'oration 9,085,975 E24 9,085,975 13
14 Purchase of land and e• ui• menl 0 G24 0 1415F24015
i6 Ambulance— Current o•eration—:I-: 2,056,
3660
2,056,366 E32 2,056,366 1617Purchaseoflandande•ui•ment 0 G32 0 17
18 Building Inc• ections — Current 0• eration 986,898—;:;:;:;; 986,898 E66 986,898 1819
20 Miscellaneous
Purchase of land and e•ui•menl 0 G66 0 19
retentive services — Current o•eration
0 ::::c :::: :::::: F66 0 20
0::::::::::: 0>:
is ::: ::
E66 0 21
2223
2425
26
Purchase of land and e• ui• ment
ii:::
0::'
0 G66 0 22
Animal control — Current o•eration
Purchase of land and e•ui•menl
Oi::::: F66 0 23
0 E32 0 24
0 G32 0 25
00'::::;:j;:;:;:;:;::':':':':: F32 0 26
2829
Other • ublic safety — Current o •era(ion
Purchase of land and e•ui•ment
0 E89 0 27
0 G89 0 28
0 ::•::- :.:.:.:.:.:.:.:.:.> 0 29
30
3233
34
36
i::::::::
i::::::::::''
c•:
00 0 30
O:E:::::::::''''' 0 31
0 0 32
D 0 33
0 :::::::::::::::::::»»:': 0 34
0::::::::i:::::: 0 35
p .:.:.:.:.:.:.:.:.:.:.:. .. ''' 0 36
0':;:;:;:j ::.:.:.:.:.:.:!.:.:_ 0 37
3839 j::::i:0: 0::::::<.;.;.;.`'.`'' 0 38
o 0 39
40 TOTAL PUBLIC SAFETY 26,443,165 4,173,303 ::::::::::: 0 0 0 30,616,468 !:::::::::::::: 30,616,468 40
Continued on next page Page 6 FORM F-66(IA-2) (7-3-2017)
Page 135 of 381
Part 11 EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30,2017— Continued CITY OF WATERLOO OGAAP EX NON -GAAP = CASH BASIS
LineNo. item description General
a)
Special revenue
b)
TIF specialrevenue
c)
Debi service
d)
Capital projects
e)
Permanent
f)
Total
governmental
Sum of cols.
a) through (f))
g)
Proprietary
h)
Code GRAND TOTALSumof
col. (g)) i) LineNo.
41 Section B — PUBLIC WORKS
O
j;:;::::::::
41
42 Roads bridges,sidewalks — Current operation 5,287,154 5,287,154 E44 5287,154 42
43 Purchase of land and equipment 24,565 24,565 G44 24,565 43
44 Construction 215,006 7,710,084 7,925,090 F44 7,925,090 44
45 Parking meter and off-street— Current operation 622,156 622,156;;??:;:::;:;>:::::: E60 622,156 45
46 Purchase of land and equipment 0 G60 0 46
47 Construction 0 F60 0 47
48 Street lighting — Current operation 518,254 j;:;;::::::::: 518,254 E44 518,254 48
49 Traffic control safety — Current operation 1,359,585::;;::::' 1,359,585 E44 1,359,585 49
50 Purchase of land and equipment 0 G44 0 50
51 Construction 0 F44 0 51
52 Snow removal — Current operation 1,326,388 1,326,388 E44 1,326,388 52
53 Purchase of land and equipment 0 G44 0 53
54 Highway engineering — Current operation 0 E44 0 54
55 Purchase of land and equipment 0 G44 0 55
56 Construction 0 F44 0 56
57 Street cleaning — Current operation 0 E81 0 57
58 Purchase of land and equipment 0 G81 0 58
59 Airport(if not an enterprise)— Current operation 944,459 44,266 988,725 E01 988,725 59
60 Purchase of land and equipment 0 0 i:::::::: GO1 0 60
61 Construction 671,851?:??;?:::':::':< 671,851
J...:::
i:::::::::::::i
i::i
F01 671,851 61
62 Garbage (if not an enterprise) — Current operation 0 E81 0 62
63 Purchase of land and equipment 0 G81 0 63
64 Construction 0 F81 0 64
65 Other public works — Current operation 3,810,403 3,810,403 E89 3,810,403 65
66 Purchase of land and equipment 0 G89 0 66
67 Construction 0 F89 0 67
68 0 0 68
69 0 0 69
70 0 0 70
71 0 0 71
72 0 0 72
73 0
i:-: i :.::.:.::.: :
79
0 73
74 0 0 75
75 o 0 75
76 00 76
77 0 0 78
78 0 0 78
0. 0 79
80 TOTAL PUBLIC WORKS 5,592,024 16,942,147 :C:i::::::::::::; 0 0 0 22,534,171 ii ::::::::::::::::: 22,534,171 80
Continued on next page Page 7 FORM F-66(IA-2) (7-3-2017)
Page 136 of 381
Part II EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30,2017—Continued CITY OF WATERLOO 0GAAP NON -GAAP = CASH BASIS
LineNo.
8182
8384
8586
8788
8990
91
9293
9495
9697
9899
100101
102
103
104105
106107
108
109110
111112
113114
115116
117118
119120
Item description
Section C —HEALTH AND SOCIAL SERVICES
Welfare assistance — Current operation
Purchase of land and equipment
City hospital — Current operation
Purchase of land and equipment
Construction
Payments to private hospitals — Current operation
Health regulation and inspections — Current operation
Purchase of land and equipment
Construction
Water, air, and mosquito control — Current operation
Purchase of land and equipment
Construction
Community mental health — Current operation
Purchase of land and equipment
Construction
Other health and social services—Current operation
Purchase of land and equipment
Construction
TOTAL HEALTH AND SOCIAL SERVICES
General
a)
Special revenue
b)
TIF specialrevenue
c)
Debt service
d)
Capital projects
e)
Permanent
0
Total
governmental
Sum of cols.
a) through (f))
9)
Proprietary
h)
Code GRAND TOTALSumof
col. (g)) i)
Continued on next page Page 8 FORM F-66(IA-2) (7-3-2017)
LineNo.
81
8283
8485
86
8788
8990
9192
9394
9596
9798
99100
101102
103
104105
106107
108109
110111
112113
114115
116117
118119
120
0
00
0
00
75,0000
00
00
00
0
306,464
00
00
0
0 0 0 381,464.
Proprietary
h)
Code GRAND TOTALSumof
col. (g)) i)
Continued on next page Page 8 FORM F-66(IA-2) (7-3-2017)
LineNo.
81
8283
8485
86
8788
8990
9192
9394
9596
9798
99100
101102
103
104105
106107
108109
110111
112113
114115
116117
118119
120
Page 137 of 381
Part 11 EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30,2017—Continued CITY OF WATERLOO GAAP CASH BASISillXNON -GAAP
LineNo. Item description General
a)
Special revenue
b)
TIF special
revenue
c)
Debt service
d)
Capital projects
e)
Permanent
0)
Total
governmental
Sum of cols.
a) through (f))
g)
Proprietary
h)
Code
GRAND TOTAL
Sum of
col. (g))
I)
Line
No.
121 Section D— CULTURE AND RECREATION
Eii:::::
a::
121
122 Library services — Current operation 2,482,140 2,482,140 E52 2,482,140 122
123 Purchase of land and equipment 0 G52 0 123
124 Construction 0 F52 0 124
125 Museum, band, theater— Current operation 1,137,666 1,137,666 E61 1,137,666 125
126 Purchase of land and equipment 0 G61 0 126
127 Parks— Current operation 2,758,394 2,758,394 E61 2758,394 127
128 Purchase of and and equipment 0 G61 0 128
129 Construction 156,361 156,361 F61 156,361 129
130 Recreation— Current operation 3,065,308 3,065,308::: E61 3,065,308 130
131 Purchase of land and equipment 9290 9290 G61 9,290 131
132 Construction 0 F61 0 132
133 Cemetery— Current operation 50,000 50,000 E03 50,000 133
134 Purchase of land and equipment 0 003 0 134
135 Community center, zoo, marina, and auditorium 847,318 847,318 E61 847,318 135
136 Other culture and recreation 0 E61 0 136
137 Purchase of land and equipment 0 G61 0 137
138 Construction 0 F61 0 138
139
140
TOTAL CULTURE AND RECREATION 10506477 0':??::?::::'"`' 0 0 0 10,506,477 10,506,477 139
Section E — COMMUNITY AND ECONOMIC DEVELOPMENT 140
141 Community beaulificaiion— Current operation 0 E89 0 141
142 Purchase of land and equipment 0 G89 0 142
143 Economic development — Current operation 1,557230 1,557230 E89 1557,030 143
144 Purchase of land and equipment 0 G89 0 144
145 Housing and urban renewal — Current operation 8,978,759 8,978,759 E50 8,978,759 145
146 Purchase of land and equipment 72273 72,273;:;?;:;:::;:;»>:::: G50 72273 146
147 Construction 0 0 F50 0 147
148 Planning and zoning — Current operation 582,247 582,247 E29 582,247 148
149 Purchase of land and equipment 0 G29 0 149
150 Other community and economic development — Current operation 313,916 88,500 402,416 E89 402,416 150
151 Purchase of land and equipment 0 G89 0 151
152 Construction 0 F89 0 152
153 TIF Rebates 1,420210 1,420,010::;?:::?::?:::::::: E89 1,422010 153
154 TOTAL COMMUNITY AND ECONOMIC DEVELOPMENT 2,453,193 9,051,032 1,502510 0 0 0 12012735:::::::::::''''':'' 12012,735 154
155
TIF Rebates a e expended out of the TIF Special ::
Revenue Fund within the Community and Economic ::
Development program's activity "Other" :'
155
157
158
156
157158
Continued on next page Page 9 FORM F-66(IA-2) (7-3-2017)
Page 138 of 381
Part 11 EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30,1017- Continued CITY OF WATERLOO GAAP XNON-GAAP = CASH BASIS
LineNo. Item description General
a)
Special revenue
b)
TIF special
revenue
o)
Debt service
d)
Capital projects
e)
Permanent
f)
Total
govemmental
Sum of cols.
a) through (p)
g)
Proprietary
h)
Code GRAND TOTALSumof
col.g) i) ) LineNo.
159 Section F — GENERAL GOVERNMENT'"
Y:: :: ::: ::::
ii::::::::
i''
159
180 Mayor, council and city manager — Current operation 699,822 699 822 E29 699,622 160
161 Purchase of land and equipment 0 E29 0 161
162 Clerk, Treasurer, financial atlminislralion— Curtent operation 1,102,244 1002,244 E23 1,102,244 162
163 Purchase of land and equipment 0 G23 0 163
164 Elections— Current operation 5,994 5,994 E89 5,994 184
165 Purchase of land and equipment 0 G89 0 165
166 Legal services and city attorney— Current operation 237,265 237,265 E25 237,265 166
167 Purchase of land and equipment 0 G25 0 167
168 City hall and general buildings — Current operation 553,121 553 121 E31 553,121 168
169 Purchase of land and equipment 0 031 0 169
170 Construction 0 F31 0 170
171 Tort liability— Current operation 1,959,980 1,959,960 ::::: -:cc ::::: E89 1,959,980 171
172 Other general government— Current operation 5,367,815 16,412 5,384, 227:!i::::::::::: E89 5,384,227 172
173 Purchase of land and equipment 0 089 0 173
174 g-:-:-:.:-:-:-:-:.;.;.;.;.:'> 0 174
175 0 0 175
176 TOTAL GENERAL GOVERNMENT 9,926,241 18,412 0 0 0 0 9,942,653 9,942,653 176
177 Section 0— DEBT SERVICE 17,702,578 17,702,578 17,702,578 177
178 0.::::::::::ii:: 0 178
179 0:::::::::::::: 0 179
180 0:i:::::::::::: 0 180
181 g.:.:.:.:.:.:.:.:.:.:.:!!.:- 0 181
182 TOTAL DEBT SERVICE 0 0 0 17,702,578 0 0 17,702,578;?;;<.;.:.;:'.<'»:':' 17,702,578 182
183 Section H —REGULAR CAPITAL PROJECTS — Specify
Infrastructure 1 479 096
j::;:;:::::::' I'1'I':::i:!
iii:<':
1
0 183
184 2,800615 4,079,711 4,079,711 184
185 Buildings & Improvements 424D33 2,010982 2041,015 2,441,015 185
186 Vehicles & Equipment 1,782,974 1,782,974:::::;;'''': 1,782,974 186187SubtotalRegularCapitalProjects01,903,129 0 6,400,571 0 8,303,700 8,303,700 187
188 TIF CAPITAL PROJECTS —Specify 0 188
189 Economic Development Projects 11,664,613 11,664,613 11,664,613 189
190 0':: ::: :::: i::::' 0 190
191 O'::iii>:::::::: 0 191
192 Subtotal TIF Capital Projects 0 0 0 0 11,664,613 0 11,664,613 '...::::::::::: 11,664,613 192
193 TOTAL CAPITAL PROJECTS 0 1,903,129 0 0 18,065,184 0 19,968,313 ::::::::: :::::: 19,968,313 193
194 TOTAL GOVERNMENTAL ACTIVITIES EXPENDITURES 55,302,564 32,086,023 1,508,510 17,702,578 18,065,184 0 124,664,859 124,664,859 194
195 Sum of fines 40,80,103,139,154,1/6,182,193) 195
196 196
Continued on next page Page 10 FORM F-66(IA-2) (7-3-2017)
Page 139 of 381
Parti EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30,2011—continued CITY OF WATERLOO GAAP ®NON -GAAP = CASH BASIS
LineNo.
197
198199
200201
202203
204
205206
207208
209210
211212
213214
215216
217218
Item description
Section I — BUSINESS TYPE ACTIVITIES
Water — Current operation
Purchase of land and equipment
Construction
General
a)
Special revenue
b)
TIF
Special revenue
c)
Debt service
d)
Capital projects
e)
Permanent Fund
0
Total current
governmental
Sum of cols.
a) through (0)
9)
Proprietary
h)
Code
GRAND TOTAL
Sum of
col. (h))
0)
Line
No.
Sewer and sewage disposal — Current operation
Purchase of land and equipment
Construction
Electric — Current operation
Purchase of land and equipment
Construction
Gas Utility — Current operation
Purchase of land and equipment
Construction
Parking — Current operation
Purchase of land and equipment
Construction
Airport — Current operation
Purchase and e•ui•ment
Construction
Landfill/Garbage — Current operation
Purchase of land and e•ui•menl
Construction
219 Hospital — Current operation
220 Purchase of land and equipment
221 Construction
222 Transit — Current operation
223224 Purchase of land and equipment
Construction
225 Cable TV, telephone, Internet — Current operation
226 Purchase of land and equipment
227 Housing authority — Current operation
228 Purchase of land and equipment
229 Construction
Storm water — Current operation
Purchase of land and equipment230231
232233
234235
236
Construction
Continued on next page
8,021.025227,569
765,761
3,677,46776,918
Page 11
E91
G91F91
E60G80
F80E92
G92F92
E93G93
F93E60
G60
F60E01
GO1F01
E81081
F81E36
G36F36
E94G94
F94E03
G03E50
G50F50
E80G80
F80
0
00
8,021,025
227,569765,761
00
00
00
00
00
00
3,677,46776,918
0
00
00
00
00
00
00
00
FORM F-66(IA-2) (7-3-2017)
197198
199200
201202
203
204205
206207
208209
210211
212213
214
215216
217218
219220
221222
223224
225226
227228
229230
231232
233
234235
236
Page 140 of 381
EXPENDITURES AND OTHER FINANCING USES FOR FISCAL YEAR ENDED JUNE 30,2017 -Continued CITY OF WATERLOO 0GAAP t1NON-GAAP = CASH BASIS
LineNo.
237238
239
240241
242243
244
245246
247 248249
250251
252
Item description
Section I— BUSINESS TYPE ACTIVITIES — Cont.
Other business type — Current operation
Purchase of land and equipment
Construction
Enterprise Debt Service
Enterprise Capital Projects
General
a)
Special revenue
b)
TIF specialrevenue
c)
Debt service
d)
Capital projects
e)
Permanent
0
Total
govemmental
Sum of cols.
a) through (0)
9)
Proprietary
h)
Code GRAND TOTALSumofcols.
g) and (h)) i) LineNo.
Enterprise TIF Capital Projects
Internal service funds — Specify
147,210
E89 0 238
2,346,154
G69 0 239
F89 0 240
147,210 147,210 242
2,346,154 2,346,154 243
0 244
TOTAL BUSINESS TYPE ACTIVITIES
0
00
00
15,262,104
253
254
255256
257258
TOTAL EXPENDITURES (Sum of lines 194 and 251)
Section J — OTHER FINANCING USES INCLUDING TRANSFERS
OUT
Regular transfers out
Internal TIF loans/repayments and transfers out
55,302,5641 32,088,0231 1,508,5101 17,702,5781 18,065,1841
88,500 5,726,697
01 124,664,859 15,262,104
NE •:
139,928,963
5,815,197
0,980,539
5,815,197
245246
247248
249
250251
252
253
254
255256
259
260
TOTAL OTHER FINANCING USES
0 0 257
TOTAL EXPENDITURES AND OTHER FINANCING USES
Sum of lines 253 and 258)
135,750 6,745,678 5,726,697 0 209,600 0 12,817,725 3,978,011 16,795,736 258
261
262263
264
265266
267268
269
Ending fund balance June 30, 2017:
Governmental:
NonspendableRestricted
CommittedAssigned
UnassignedTotalGovernmental
Proprietary
55,438,314 38,831,701
197,324
8,859,409
5,410,593
11,163,464
25,630,790
7,235,207 17,702,578 18,274,784 0 137,482,584 19,240,115 156,722,699
261,770
36,187,136
1,890,440
1,654,701
36,684,645
3,048,005
486,109
3,534,114
912,492 29,745,997
912,492
1,726,732
28,019,265 0
459,094
78,753,0390
7,787,142
7,782,031
94,781,306
459,094
78,753,039
270271272 Total ending fund balance June 30, 2017
TOTAL REQUIREMENTS (Sum of lines 259 and 270)
25,630,790
81,069,104
36,684,645 3,534,114 912,492 28,019,285 0 94,781,306
18,494,857
18,494,857
0
7,787,142
7,782,031
94,781,306
18,494,857
113,276,163
259260
261
262263
264
265266
267
268269
270
75,516,346 10,769,321 18,615,070 46,294,049 0 232,263,890 37,734,972 269,998,862 271272
Continued on next page Page 12 FORM F-66(IA-2) (7-3-2017)
Page 141 of 381
Part III INTERGOVERNMENTAL
Please report below
Include these expenditures
Purpose
Correction..._._.._... Health.................... Highways................ Transit subsidies......
Libraries................. Police protection......
Sewerage............... Sanitation...............
All other..................
EXPENDITURES
expenditures made to
in part II. Enter
CITY OF WATERLOO
the State or to other local governments on a reimbursement or cost sharing basis.
amount, omit cents.
Purpose
Highways.......
Alt other.........
Amount paid to other
local governments
Amount paid
t0 State
M05 $ 0.44$ 149,663
M32 81 554 0.89$ 50,947
M44M94 1 413 890
M52 14 633
M62 188,590
M80M81M89 $ 1689,424
IlialSALARIES AND WAGES
Report here the total salaries and wages paid to all employees of your government before deductions of social
retirement, etc. Inc ude also salaries and wages paid to employees of any utility owned and operated by your
as well as salaries and wages of municipal employees charged to construction projects.
Total salaries and wages paid.....................................................................................................
security, government,
Amount- Omit cents
Z00
35,955,296
Part V DEBT OUTSTANDING, ISSUED, AND RETIRED
A. Long-term deb
Purpose
Debt
outstandingJULY1, 2016
a)
Debt during the fiscal year Debt Oulsta ding JUNE 30, 2017
interest paid
this year
h)
Issued
b)
Retired
c)
General
obligationd)
TIF
revenuee)
Revenue
0
Other
9)
1, Wafer utility
19U 29U 39U 49U 49U 49U 49U 191
2. Sewer utility
19U 140 000 29U 39U 140,000 49U 49U 49U 49U 169
4,200
3. Electric utility
19U 29U 39U 49U 490 49U 192
4. Gas utility
19U 29U 39U 49U 49U 49U 193
5. Transit-bus
19U 29U 39U 490 49U 490 194
6. IndustrialRevenue 19T 24T 34T 44T 44T 189
7. Mortgagerevenue 19T 24T 34T 44T 44T 189
8. TIF revenue 19U 1,678,633 29U 39U 145,361 49U 49U 1,533,272 49U 490 189
78,238
Other-Specify9. Corp Purpose 19U 98,180,000 29U 20 945 000 39U 14,800,000 49U 104,225,000 49U 49U 49U 189
2 766 028
IDED
10.
190 255,430 29U 39U 49U 255,430 49U 49U 49U 189
11.
19U 29U 39U 490 49U 490 49U 189
12.
19U 290 39U 49U 49U 49U 49U 189
13.
19U 29U 39U 49U 49U 49U 490 189
14.
19U 29U 39U 49U 49U 49U 49U 189
Total longterm
debt 100,254 063 20,945,000 15,185,361 104,480,430 1,533,272 0 0 2,848,466
8. Shartlerm debt
Outstanding as of JULY 1, 2016
Outstanding as of JUNE 30, 2017
Amount- Omit cents
61V
64V
0
art VI DEBT LIMITATION FOR GENERAL OBLIGATION BONDS
Assessed Valuations by Levy Authority and County, AY20151FY2017
Actual valuation — January 1, 2015
Amount- Omit cants
3,798,337,954 x.05=$ 189,916,898
ajIMI
Type of
CASH AND INVESTMENT ASSETS AS OF JUNE 30, 2017
asset
Amount- Omit cents
Bond and
interest fundsa)
Bond construction
fundsb)
Pension/retirement
funds
0)
all other funds
fundsd)
Total
e)
Cash and investments - Include
cash on hand, CD's, time,
checking and savings deposits,
Federal securities, Federal agency
securities, State and local
govemment securities, and all
other securities. Exclude value or
real property.
W01 W31 W81
912,492 33,959,347 78,238,058 113,109,897
REMARKS V98
This report is prepared using a modified cash basis (budgetary basis) and therefore, total cash and investments shown above of 5113,109,897 does of equal fund balance
for all funds reported on Page 1.
Continued on next page Page13 FORM FE6IIA2)(7'3'2011)
Page 142 of 381
C ITY OF WATER LOO
Council Communication
R es o lutio n approving c ertific ation to the Blac k Hawk C o unty Audito r expend itures that qualify fo r
reimb ursement in the F Y2017 C rossroads Waterloo Tax Inc rement District and p lace the c ertific ation on file.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 3:57 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:11 P M
ATTA C H M EN TS :
Description Type
C rossroads S tate F orm B ackup M aterial
C rossroads C umulative F orm B ackup M aterial
S UB J E C T:
R es o lution approving c ertific ation to the Blac k Hawk C o unty Audito r
expend itures that q ualify for reimb ursement in the F Y2017 C rossroads
Waterlo o Tax Inc rement District and plac e the c ertific ation on file.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro ve
S ummary S tatement:
In ac cordanc e with the amended p ro visio n o f the S tate C ode o f Io wa, it is
req uired that the C ity of Waterlo o annually c ertify to the C o unty Auditor its
expend itures that q ualify for reimb ursement from the tax inc rement fund .
T his T I F Dis trict has no exp enses to certify.
Exp enditure R equired :N/A
S ource o f F und s :N/A
P olic y Issue:Econo mic Develo p ment
Alternative:N/A
Background I nformatio n:
T he c ity has es tablis hed several T I F Dis tric ts for community d evelopment.
T he c ertific atio n o f exp enditures inc urred in eac h T I F District is req uired to
b e filed with Black Hawk C o unty in order to c o llect the T I F revenue. T his
T I F Distric t has not exp enses to certify.
Legal Desc riptio ns :S ee Attached
Page 143 of 381
P
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C ITY OF WATER LOO
Council Communication
R es o lutio n approving c ertific ation to the Blac k Hawk C o unty Audito r expend itures that qualify fo r
reimb ursement in the F Y2017 Downto wn Waterlo o Urban R enewal and R edevelo p ment Tax Increment
Dis tric t and plac e the certificatio n o n file.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 3:57 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:10 P M
ATTA C H M EN TS :
Description Type
Downtown S tate form B ackup M aterial
Downtown C umulative F orm B ackup M aterial
S UB J E C T:
R es o lution approving c ertific ation to the Blac k Hawk C o unty Audito r
expend itures that q ualify for reimb ursement in the
F Y2017 Do wntown Waterlo o Urban R enewal and R edevelo p ment Tax
Increment Dis trict and plac e the certification on file.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro ve
S ummary S tatement:
In ac cordanc e with the amended p ro visio n o f the S tate C ode o f Io wa, it is
req uired that the C ity of Waterlo o annually c ertify to the C o unty Auditor its
expend itures that q ualify for reimb ursement from the tax inc rement fund .
Exp enditure R equired :N/A
S ource o f F und s :N/A
P olic y Issue:Econo mic Develo p ment
Alternative:N/A
Background I nformatio n:
T he c ity has es tablis hed several T I F Dis tric ts for community d evelopment.
T he c ertific atio n o f exp enditures inc urred in eac h T I F District is req uired to
b e filed with Black Hawk C o unty in order to c o llect the T I F revenue.
Page 148 of 381
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C ITY OF WATER LOO
Council Communication
R es o lutio n approving c ertific ation to the Blac k Hawk C o unty Audito r for F Y2017 expend itures that qualify for
reimb ursement in the Eas t Waterlo o Unified Urb an R enewal & R edevelo pment Tax Inc rement District and
p lace the c ertific atio n o n file.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 3:59 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:11 P M
ATTA C H M EN TS :
Description Type
East U nified C umulative F orm B ackup M aterial
East U nified S tate F orm B ackup M aterial
S UB J E C T:
R es o lution approving c ertific ation to the Blac k Hawk C o unty Audito r fo r
F Y2017 expend itures that qualify fo r reimb urs ement in the East Waterlo o
Unified Urban R enewal & R ed evelopment Tax Increment Dis tric t and plac e
the c ertific atio n o n file.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro ve
S ummary S tatement:
In ac cordanc e with the amended p ro visio n o f the S tate C ode o f Io wa, it is
req uired that the C ity of Waterlo o annually c ertify to the C o unty Auditor its
expend itures that q ualify for reimb ursement from the tax inc rement fund .
Exp enditure R equired :N/A
S ource o f F und s :N/A
P olic y Issue:Econo mic Develo p ment
Alternative:N/A
Background I nformatio n:
T he c ity has es tablis hed several T I F Dis tric ts for community d evelopment.
T he c ertific atio n o f exp enditures inc urred in eac h T I F District is req uired to
b e filed with Black Hawk C o unty in order to c o llect the T I F revenue.
T he East Waterlo o Unified Urban R enewal and R edevelo p ment T I F is the
fo rmer Logan and Mid p o rt T I F districts that were recently c o mb ined.
Page 162 of 381
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C ITY OF WATER LOO
Council Communication
R es o lutio n approving c ertific ation to the Blac k Hawk C o unty Audito r expend itures that qualify fo r
reimb ursement in the F Y2017 Martin R oad Tax Increment Dis tric t and p lac e the certificatio n o n file.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 3:58 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:11 P M
ATTA C H M EN TS :
Description Type
M artin C umulative F orm B ackup M aterial
M artin S tate F orm B ackup M aterial
S UB J E C T:
R es o lution approving c ertific ation to the Blac k Hawk C o unty Audito r
expend itures that q ualify for reimb ursement in the F Y2017 Martin R oad Tax
Increment Dis trict and plac e the certification on file.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro ve
S ummary S tatement:
In ac cordanc e with the amended p ro visio n o f the S tate C ode o f Io wa, it is
req uired that the C ity of Waterlo o annually c ertify to the C o unty Auditor its
expend itures that q ualify for reimb ursement from the tax inc rement fund .
Exp enditure R equired :N/A
S ource o f F und s :N/A
P olic y Issue:Econo mic Develo p ment
Alternative:N/A
Background I nformatio n:
T he c ity has es tablis hed several T I F Dis tric ts for community d evelopment.
T he c ertific atio n o f exp enditures inc urred in eac h T I F District is req uired to
b e filed with Black Hawk C o unty in order to c o llect the T I F revenue.
Page 177 of 381
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C ITY OF WATER LOO
Council Communication
R es o lutio n approving c ertific ation to the Blac k Hawk C o unty Audito r expend itures that qualify fo r
reimb ursement in the F Y2017 R ath Area Tax Inc rement Dis tric t and p lace the c ertificatio n o n file.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 3:58 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:11 P M
ATTA C H M EN TS :
Description Type
R ath S tate form B ackup M aterial
R ath C umulative F orm B ackup M aterial
S UB J E C T:
R es o lution approving c ertific ation to the Blac k Hawk C o unty Audito r
expend itures that q ualify for reimb ursement in the F Y2017 R ath Area Tax
Increment Dis trict and plac e the certification on file.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro ve
S ummary S tatement:
In ac cordanc e with the amended p ro visio n o f the S tate C ode o f Io wa, it is
req uired that the C ity of Waterlo o annually c ertify to the C o unty Auditor its
expend itures that q ualify for reimb ursement from the tax inc rement fund .
Exp enditure R equired :N/A
S ource o f F und s :N/A
P olic y Issue:Econo mic Develo p ment
Alternative:N/A
Background I nformatio n:
T he c ity has es tablis hed several T I F Dis tric ts for community d evelopment.
T he c ertific atio n o f exp enditures inc urred in eac h T I F District is req uired to
b e filed with Black Hawk C o unty in order to c o llect the T I F revenue.
Page 188 of 381
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C ITY OF WATER LOO
Council Communication
R es o lutio n approving c ertific ation to the Blac k Hawk C o unty Audito r expend itures that qualify fo r
reimb ursement in the F Y2017 S an Marnan Tax Inc rement District and plac e the c ertific ation on file.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 4:00 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:11 P M
ATTA C H M EN TS :
Description Type
S an Marnan S tate F orm B ackup M aterial
S an Marnan C umulative F orm B ackup M aterial
S UB J E C T:
R es o lution approving c ertific ation to the Blac k Hawk C o unty Audito r
expend itures that q ualify for reimb ursement in the F Y2017 S an Marnan Tax
Increment Dis trict and plac e the certification on file.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro ve
S ummary S tatement:
In ac cordanc e with the amended p ro visio n o f the S tate C ode o f Io wa, it is
req uired that the C ity of Waterlo o annually c ertify to the C o unty Auditor its
expend itures that q ualify for reimb ursement from the tax inc rement fund .
Exp enditure R equired :N/A
S ource o f F und s :N/A
P olic y Issue:Econo mic Develo p ment
Alternative:N/A
Background I nformatio n:
T he c ity has es tablis hed several T I F Dis tric ts for community d evelopment.
T he c ertific atio n o f exp enditures inc urred in eac h T I F District is req uired to
b e filed with Black Hawk C o unty in order to c o llect the T I F revenue.
Page 196 of 381
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C ITY OF WATER LOO
Council Communication
R es o lutio n approving c ertific ation to the Blac k Hawk C o unty Audito r expend itures that qualify fo r
reimb ursement in the F Y2017 Northeast Ind us trial P ark Urban R enewal and R edevelo p ment Tax Increment
Dis tric t and plac e the certificatio n o n file.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning E ven, L eAnn Approved 11/22/2017 - 3:51 P M
ATTA C H M EN TS :
Description Type
N E Industrial S tate F orm B ackup M aterial
N E Industrial C umulative Form B ackup M aterial
S UB J E C T:
R es o lution approving c ertific ation to the Blac k Hawk C o unty Audito r
expend itures that q ualify for reimb ursement in the F Y2017 Northeast
Ind ustrial P ark Urb an R enewal and R edevelopment Tax Inc rement Distric t
and p lace the c ertificatio n o n file.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro ve
S ummary S tatement:
In ac cordanc e with the amended p ro visio n o f the S tate C ode o f Io wa, it is
req uired that the C ity of Waterlo o annually c ertify to the C o unty Auditor its
expend itures that q ualify for reimb ursement from the tax inc rement fund .
Exp enditure R equired :N/A
S ource o f F und s :N/A
P olic y Issue:Econo mic Develo p ment
Alternative:N/A
Background I nformatio n:
T he c ity has es tablis hed several T I F Dis tric ts for community d evelopment.
T he c ertific atio n o f exp enditures inc urred in eac h T I F District is req uired to
b e filed with Black Hawk C o unty in order to c o llect the T I F revenue.
Page 205 of 381
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C ITY OF WATER LOO
Council Communication
R es o lutio n approving award of b id to R ic klefs Excavating Ltd. of Anamos a, IA, in the amount of $693,700,
and ap p ro ving the c ontrac t, bond s and C ertific ate o f Insuranc e for the F low Eq ualizatio n F acility O verflow
C o nnect to S atellite W P F C , C o ntract No. 880, and autho rize the Mayo r and C ity C lerk to execute s aid
d o cuments .
City Council Meeting: 11/27/2017
Prepared: 11/19/2017
R EV I EWER S :
D epartment R eviewer Action D ate
Waste Management H oambrecker, S teven Approved 11/20/2017 - 2:38 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 3:19 P M
ATTA C H M EN TS :
Description Type
B id Tab B ackup M aterial
Engineering L etter of Award B ackup M aterial
S UB J E C T:
R es o lution approving award of b id to R ic klefs Excavating Ltd. of Anamos a,
I A, in the amount of $693,700, and ap p roving the contrac t, bond s and
C ertific ate of Ins urance fo r the F lo w Equalization F ac ility O verflow
C o nnect to S atellite W P F C , C o ntract No . 880, and autho rize the Mayor
and C ity C lerk to exec ute said d o cuments .
S ub mitted by:S ubmitted By: S teven Ho amb recker, Direc to r, Was te Management S ervic es
R ec o mmended Ac tio n:Ap p ro ve rec o mmendatio n o f award of bid to R icklefs Excavating Ltd. o f
Anamosa, I A in the amo unt o f $693,700.
Page 213 of 381
Flow Equalization Facility Overflow Connect
to Satellite WPCF, City Contract No. 880
Bid Opening: November 16, 2017
Estimate: $800,000
Bid Security Required
Bidder Bid Security Bid Amount
MZ Construction, Inc.
Linden, WI 5% $695,000
Ricklefs Excavating Ltd.
Anamosa, IA 5% $693,700
Graff Excavating, Inc.
Toledo, IA 5% $842,000
WRH, Inc.
Amana, Inc. 5% $713,600
Page 214 of 381
AECOM 319-232-6531 tel
501 Sycamore Street 319-232-0271 fax
Suite 222
Waterloo, Iowa 50703
www.aecom.com
November 20, 2017
Honorable Mayor Quentin Hart
and City Council
715 Mulberry Street
Waterloo, Iowa 50703
Subject: Flow Equalization Facility Overflow Connection to Satellite WPCF
City of Waterloo, Iowa
City Contract No. 880
AECOM #60336756
Dear Mayor and Council:
On Thursday, November 16, 2017, bids for the above-mentioned project were received and opened. A total of four (4) bids
were submitted. The following table details the bids received:
Bidder Base Bid
Ricklefs Excavating Ltd. $693,700.00
MZ Construction, Inc. $695,000.00
WRH, Inc. $713,600.00
Graff Excavating, Inc. $842,000.00
The engineer’s estimate for this project was $800,000. Legal provisions of the Notice of Public Hearing and Letting indicate,
in part, that “the contract will be awarded to the qualified bidder submitting the lowe st bid.” The lowest responsive bid was
submitted by Ricklefs Excavating Ltd. We recommend that the Council award this project to Ricklefs Excavating Ltd.
Please let us know if you have any questions or comments regarding the contents of this letter and/or the enclosures it
contains.
Yours sincerely,
Harmanjit Mallhi, P.E.
harman.mallhi@aecom.com
Enclosures: As Noted
c: Mr. Steve Hoambrecker, PE
P:\60336756\00000000\600-Construction Support\615 BID SUBMITTALS\112017-FEQ-BidAward.docx
Page 215 of 381
Flow Equalization Facility Overflow Connect
to Satellite WPCF, City Contract No. 880
Bid Opening: November 16, 2017
Estimate: $800,000
Bid Security Required
Bidder Bid Security Bid Amount
MZ Construction, Inc.
Linden, WI 5% $695,000
Ricklefs Excavating Ltd.
Anamosa, IA 5% $693,700
Graff Excavating, Inc.
Toledo, IA 5% $842,000
WRH, Inc.
Amana, Inc. 5% $713,600
Page 216 of 381
C ITY OF WATER LOO
Council Communication
R es o lutio n approving Acc ep tance o f Imp rovements of P rairie Mead o ws Es tates P hase 1A, performed by
P irc-To b in C ons tructio n, Inc . o f Alb urnette, I o wa, and E & F P aving C omp any, LLC o f C edar R ap id s ,
Iowa, and rec eive and file two (2) year maintenanc e bond s .
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
E ngineering T horson, E ric R ejected 11/20/2017 - 12:16 P M
E ngineering R oss, T racia Approved 11/20/2017 - 2:47 P M
E ngineering T horson, E ric Approved 11/20/2017 - 3:00 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 3:24 P M
ATTA C H M EN TS :
Description Type
P rairie M eadows E states P hase 1A_M aintenance
B onds C over Memo
S UB J E C T:
R es o lution approving Acc ep tance o f Improvements of P rairie Mead o ws
Es tates P has e 1A, performed b y P irc-Tobin C ons tructio n, Inc . o f
Alb urnette, Io wa, and E & F P aving C omp any, LLC o f C edar R ap id s ,
Iowa, and rec eive and file two (2) year maintenanc e bond s .
S ub mitted by:S ubmitted By: Dennis J. G entz, P E, Ass is tant C ity Engineer
S ummary S tatement:
T he impro vements req uired as a cond itio n p rec edent to the approval of
P rairie Meadows Es tates P hase 1A, Waterlo o , Iowa; namely paving (E & F
P aving C o., LLC ) and the installation of s to rm and sanitary sewer (P irc -
Tobin C ons truc tion, Inc.) have b een comp leted in s ubstantial c o nformanc e
with the c ons tructio n p lans, standards, and req uirements o f this o ffice.
Background I nformatio n:
P hase 1A -
Darby Drive from Mourning Do ve Drive to G rindsto ne C ircle
G rinds to ne C ircle fro m S TA 3+25+/- TO S TA 9+50+/-
Page 217 of 381
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C ITY OF WATER LOO
Council Communication
Motio n ap p roving final quantity adjus tment for a net inc reas e of $4,198.40 for the F Y 2018 Ash S treet
Drainage Improvements , C o ntract No. 936, and autho rize the Mayo r and C ity C lerk to execute s aid doc ument.
City Council Meeting: 11/27/2017
Prepared: 11/15/2017
R EV I EWER S :
D epartment R eviewer Action D ate
E ngineering T horson, E ric Approved 11/20/2017 - 12:14 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 1:02 P M
S UB J E C T:
Motio n approving final quantity adjus tment for a net inc reas e of $4,198.40
fo r the F Y 2018 As h S treet Drainage Improvements , C o ntract No. 936, and
authorize the Mayo r and C ity C lerk to exec ute s aid doc ument.
S ub mitted by:S ubmitted By: Wayne C as tle, P LS , P E, As s oc iate Engineer
S ummary S tatement:
T his is the ac c umulated amo unt o f adjus tments from o riginal to final
q uantities that were d etermined necessary d uring the c o nstruc tion of the
p ro ject, whic h res ults in an increase to the total projec t cost.
S ource o f F und s :S torm Water F ee
Page 222 of 381
C ITY OF WATER LOO
Council Communication
R es o lutio n approving C ompletio n o f P rojec t and R ec o mmendatio n o f Acc eptanc e of Work for work
p erfo rmed by Lo d ge C o nstruc tion, Inc. of C larks ville, Io wa, at a total c os t of $43,991.10, fo r the F Y 2018
As h S treet Drainage Imp ro vements, C ontrac t No. 936, and receive and file a two (2) year maintenanc e bo nd.
City Council Meeting: 11/27/2017
Prepared: 11/15/2017
R EV I EWER S :
D epartment R eviewer Action D ate
E ngineering T horson, E ric Approved 11/20/2017 - 12:16 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 1:00 P M
ATTA C H M EN TS :
Description Type
C ont 936_M aint B ond C over Memo
S UB J E C T:
R es o lution approving C ompletio n o f P ro jec t and R ec o mmendatio n o f
Acc ep tanc e of Work for work performed by Lodge C ons tructio n, Inc . of
C larksville, Io wa, at a total c o s t o f $43,991.10, fo r the F Y 2018 As h S treet
Drainage Improvements , C o ntract No. 936, and rec eive and file a two (2)
year maintenanc e bond .
S ub mitted by:S ubmitted By: Eric T ho rs o n, P E, C ity Engineer
S ummary S tatement:
Lo d ge C ons truc tio n, Inc . has completed the above referenced p ro ject in
acc o rd anc e with the plans and spec ifications .
Transmitted als o to the C lerk’s O ffice is the Maintenance Bond that
guarantees to remed y any defec ts in workmans hip o r materials that may
d evelop in s aid work within a period o f two (2) years from the date of the
acc ep tance of the wo rk und er said contrac t.
S ource o f F und s :S torm Water F ee
Page 223 of 381
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C ITY OF WATER LOO
Council Communication
R es o lutio n approving participatio n in the 2018 Loc al Update of C ensus Addres s es (L UC A) O p eration, and
authorizing the Mayo r to execute any necess ary d o cuments .
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 1:17 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 2:46 P M
ATTA C H M EN TS :
Description Type
L U C A F orms C over Memo
S UB J E C T:
R es o lution approving participatio n in the 2018 Loc al Update of C ensus
Ad d res s es (LUC A) O p eration, and autho rizing the Mayo r to execute any
nec es s ary doc uments.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning and Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro val
S ummary S tatement:
Authorize the Mayo r as the Highest Ap pointed O ffic ial of the C ity to
authorize the c ity o f Waterloo to p artic ipate in the 2018 Loc al Update of
C ensus Addres s es (L UC A) O p eration.
Exp enditure R equired :No ne
S ource o f F und s :N/A
P olic y Issue:C ensus
Background I nformatio n:
In preparation for the 2020 C ensus , the United S tates C ensus Bureau allo ws
jurisdic tions to update their ad d res s listings to s how c hanges that have
o cc urred s inc e the last elec tion. It is vitally important that address files b e
updated in o rd er to ens ure that the C ity of Waterlo o has the mo s t acc urate
cens us county pos s ible. Aric S chro ed er, Tim Andera and Jo hn Dornoff
fro m P lanning, Ben Wagner from Engineering and Barry S tratton from
Build ing Ins p ec tio ns will b e the p rimary des ignees fo r the p ro ject.
Legal Desc riptio ns :N/A
Page 226 of 381
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C ITY OF WATER LOO
Council Communication
R es o lutio n approving a P ro fes s io nal S ervic es Agreement with Invis io n Arc hitec ture of Waterlo o , Iowa, in an
amo unt not to exc eed $40,000 in c o njunc tion with the East Wing Toilet R o o m R eno vatio ns at the Waterlo o
C enter for the Arts , and authorize the Mayor to execute s aid doc ument.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
E ngineering T horson, E ric Approved 11/20/2017 - 3:49 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:17 P M
ATTA C H M EN TS :
Description Type
P S A_E ast Wing Toilets_C & A C over Memo
S UB J E C T:
R es o lution approving a P ro fes s io nal S ervic es Agreement with Invis io n
Architec ture o f Waterloo, Io wa, in an amo unt not to exceed $40,000 in
conjunction with the Eas t Wing To ilet R oom R enovations at the Waterloo
C enter for the Arts , and authorize the Mayo r to execute s aid doc ument.
S ub mitted by:S ubmitted By: Mark A. Boesen, Manager of R ehabilitation
S ervic es /Build ing Maintenance
R ec o mmended Ac tio n:
T he S c o pe o f S ervices will inc lude all Arc hitec tural d es ign, mechanic al and
electrical engineering design, struc tural engineering d es ign, d o cumentatio n,
b id d ing and c ons tructio n ad ministration s ervic es for this projec t.
Page 239 of 381
1
SERVICES AGREEMENT
CLIENT: City of Waterloo
CONTACT: Mark Boesen, Maintenance Director
ADDRESS: 620 Mulberry Street, Waterloo, IA 50703
AGREEMENT DATE: 11/20/2017
PROJECT NAME: East Wing Toilet Room Renovation / Waterloo Center for the Arts
PROJECT LOCATION: Waterloo, IA
PROJECT NUMBER: 17107
PART A - PROJECT SCOPE AND SERVICES:
A.1 Project Scope. Under this agreement, INVISION Architecture will provide architectural services
for the East Wing Toilet Room Renovation / Waterloo Center for the Arts. INVISION will engage
MODUS for mechanical and electrical engineering, and Select Structural to provide structural
engineering as required. The project consists of the development of new toilet facilities (Men,
Women, Family) on the main floor of the Center for the Arts, a new reception counter in the
location of the original fountain in the Grand Foyer, and renovation of the toilet rooms on the
upper level. All spaces are in the East Wing of the Waterloo Center for the Arts.
Services provided under this agreement include the following:
1. Architectural design, mechanical and electrical engineering design, structural engineering
design, documentation, bidding and construction administration.
2. A preliminary cost opinion has been developed identifying construction costs to be
approximately $361,000 for work to be included in the documents.
The following is not provided under this agreement:
1. NA
PART B - TERMS OF PAYMENT:
B.1 Basic Service Fees. Professional fees for Basic services will be billed on an hourly basis to a
maximum amount of $__40,000_. INVISION hourly rates are attached to this agreement.
Mechanical/electrical and structural engineering services are included in the maximum fee
amount.
B.2 Direct and Reimbursable Expenses. In addition to the hourly rate for Basic Services identified
under B.1, the client will be billed for the invoiced cost of reimbursable expenses. Reimbursable
expenses anticipated for this project are as follows: printing and distribution of bidding documents,
postage, permitting/document review fees.
B.4 Additional Services. For services in addition to those identified under Part A, an additional service
agreement will be negotiated and billed monthly.
B.5 Payment Schedule. The project will be invoiced monthly based on hours expended. Payment is to
Page 240 of 381
2
be made within 30 days of receipt. Past due invoices will bear interest at 1.5% per month until
payment is received.
B.6 Invoice Dispute. If the client objects to any portion of an invoice, the client shall so notify the
design professional in writing within 10 calendar days of receipt of the invoice. The client shall
identify the specific cause of disagreement and shall pay when due that portion of the invoice not
in dispute. Interest as stated above shall be paid by the client on all disputed invoiced amounts
resolved in the design professional’s favor and unpaid for more than 30 calendar days after the
date of submission.
Part C – Other Provisions
C.1 Disposition of Documents. The original of all documents, such as reports, calculations, drawings
and specification prepared by INVISION Architecture for the project shall remain the copyrighted
property of INVISION Architecture.
C.2 Mediation. In an effort to resolve any conflicts that arise during the design or construction of the
project or following the completion of the project, the Client and the Design Professional agree that
all disputes between them arising out of or relating to this Agreement shall be submitted to
nonbonding mediation unless the parties mutually agree otherwise.
The Client and the Design Professional further agree to include a similar mediation provision in all
agreements with independent contractors and consultants retained for the project and to require all
independent contractors and consultants also to include a similar mediation provision in all
agreements with subcontractors, subconsultants, suppliers or fabricators so retained, thereby
providing for mediation as the primary method for dispute, resolution between the parties to those
agreements.
C.3 Termination of Services. The Client may suspend or terminate any or all services covered in this
agreement at any time, subject to the Client’s giving a minimum of seven days written notice of
suspension or termination. The Client shall thereupon make payment of all unpaid services
rendered and expenses incurred; to the date notice is received by INVISION Architecture.
C.4 Warranty. INVISION Architecture, represents that the services furnished under this agreement will
be in accordance with generally accepted professional practices. INVISION Architecture makes no
other warranty or representation, expressed or implied.
C.5 Acceptance of Agreement. Two or more copies of this agreement are to be signed by both the
Client and Design Professional. One signed agreement is to be retained by the Client for file and
the second signed agreement returned to INVISION Architecture for file. Authorization to proceed
with services, either verbal or written shall be considered acceptance of the above proposal.
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3
Approved for Owner:
Quentin Hart, Mayor
City of Waterloo
715 Mulberry St.
Waterloo, IA 50703
Approved for INVISION:
Michael Broshar, FAIA
INVISION
501 Sycamore St. #101
PO Box 1800
Waterloo, Iowa 50704
P.319.233.8419
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SCHEDULE OF HOURLY RATES
Hourly Rate Schedule
August 2017
Partner $250
Principal $165
Project Manager $75 - $150
Intern Architect $65-$90
Student Intern $55
Interior Designer
Medical Planner
$80-$95
$140 - $150
Standards and Model Content Manager
Specification Writer
Graphic Designer
$110
$135- $150
$95
Draftsperson $70 - $90
Administrative $55-$150
Services provided on an hourly basis shall be performed in accordance with the Standard Hourly Rate
Schedule in effect at the time of performance. This schedule is updated annually and will be adjusted with
normal review practices.
Page 243 of 381
C ITY OF WATER LOO
Council Communication
R es o lutio n approving the F Y 2018 Ec o nomic Development G rant Agreement with G reater C edar Valley
Allianc e in the amount of $28,500 with $56,500 in potential incentive funds, and authorize the Mayor and C ity
C lerk to exec ute s aid doc ument.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 3:35 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:21 P M
ATTA C H M EN TS :
Description Type
G C VA F Y 2018 C over Memo
S UB J E C T:
R es o lution approving the F Y 2018 Ec o no mic Development G rant
Agreement with G reater C ed ar Valley Allianc e in the amount of $28,500 with
$56,500 in potential incentive funds, and authorize the Mayor and C ity C lerk
to exec ute s aid doc ument.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro val of Ec ono mic Development G rant and autho rize Mayor and C ity
C lerk to s ign and fully execute the doc ument.
S ummary S tatement:
C o uncil has previo us ly approved similar agreements with G reater C ed ar
Valley Allianc e, at d ifferent amounts over the years since ab o ut 1996. T his
agreement is p rimarily the same as last year ’s , c hanging quarterly reports to
s emi-annual reports . T he rep o rting activities fo r G reater C ed ar Valley
Allianc e will s till b e presented to C ity C o unc il.
T he G reater C edar Valley Alliance s erves as the S tate o f Io wa’s s ingle p o int
o f c o ntact fo r larger projec t lead s , and then wo rks with city o fficials and
s taff fo r work to try and b ring such projec ts here. T his p artners hip has
helped to bring s uc h companies as F ergus on Enterprises, C on Agra F oods
(and two expans io ns ), and help ed other loc al ind us tries exp and like Deere
and C o mpany, Hydrite C hemical, A-Line, Advanc ed Heat Treat, C P M
R o s kamp, HQ AA, C rys tal Dis tribution, Tys on F oods, and others receive
ap p licable S tate inc entives fo r job creation and exp ansion/new
cons truction. T his grant agreement would c ontinue that relations hip, to
continue the C ity C ounc il’s main priority of ec ono mic d evelopment to the
community through the p ro vision of jo bs , infras tructure, bus inesses, etc .
No te – this agreement is fo r this current fis c al year o f 2018. T he agreement
calls fo r a payment of $28,500 – in two payments of $14,250 at Decemb er
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and June – for the following wo rk effo rts :
- Bus iness exp ans ion and rec ruitment
- Enc o uraging s tartup o f bus inesses
- Workforc e rec ruitment and c o o rd ination
- Advo cac y in Des Moines and Was hington DC
- Improving the “Brand ” through marketing, p ro mo tions , web p res enc e, and
attendance at major conferenc es T here is als o a p o tential $56,500 in
ad d itional inc entives fo r wo rk toward s
- acres of new develo p ment
- amo unts of taxab le value
- new full times jo b s c reated
All doc umented through a rep o rt and p otential pres entatio n to city and at end
o f agreement p erio d .
Exp enditure R equired :$28,500 with $56,500 in potential additional exp ens e
S ource o f F und s :Bond s and T IF c as h
P olic y Issue:Econo mic Develo p ment
Alternative:No t ap p rove
Background I nformatio n:
T he C ity of Waterlo o has had a p artners hip for econo mic d evelopment
effo rts with G reater C ed ar Valley Allianc e in o ne fo rm or another s inc e ab o ut
1996. T his partners hip has wo rked to create many projec ts thro ughout the
Waterlo o c ommunity, and has helped in the marketing of area and
reinves tment by exis ting b usines s es as well. It has als o given the C ity the
ab ility to c onnec t b etter with many o f its p rivate ind ustry lead ers as the C ity
mo ves ahead .
Legal Desc riptio ns :NA
Page 245 of 381
FY2018 ECONOMIC DEVELOPMENT GRANT
AGREEMENT TO SUPPORT "FULFILLING THE VISION" CAMPAIGN
FOR ECONOMIC VITALITY
OF
THE GREAT CEDAR VALLEY ALLIANCE
This Agreement is entered into as of _________________, 2017, by and between the Greater
Cedar Valley Alliance & Chamber (“GCVAC”), and the City of Waterloo, Iowa (“City”).
WHEREAS, the GCVAC has proposed to provide projects to increase the economic vitality and
wealth by leading collaborative economic and community development in the Cedar Valley and whereby
the Alliance will engage in economic development activities to directly benefit the City of Waterloo; and
WHEREAS, the "Fulfilling the Vision" Campaign for Economic Vitality is explained in
GCVAC’s application filed with the City, a copy of which is attached hereto, marked Exhibit "A", and
by this reference made a part hereof; and
WHEREAS, through the adoption of the FY2018 budget, the City Council of City has agreed in
principle to provide certain funding for said project on certain terms and conditions, including execution
of a formal agreement outlining the duties and responsibilities of the GCVAC and the City; and
WHEREAS, GCVAC and City have reached agreement on the precise terms and conditions
under which the project will be undertaken and the funding provided, and now desire to reduce their
agreement to writing.
NOW, THEREFORE, in consideration of the mutual covenants exchanged herein, the parties
agree as follows:
1. Recipient Status. GCVAC affirms that it is a private, non-profit corporation organized and
existing under Iowa law. GCVAC shall provide proof of tax-exempt status under the Internal Revenue
Service Revenue Code prior to receiving funding. GCVAC has also provided City with a copy of its
mission statement and a detailed summary from an officer or board member that specifies GCVAC’s use
of the funds, consistent with the concept of “public purpose” as described in Iowa Code § 15A.1(2), (5) or
otherwise by addendum to this Agreement.
2. Recipient Documentation. Prior to receiving funding, GCVAC shall provide the following
documentation to City:
a. Proof of business entity status, including a copy of by-laws and articles of incorporation
if applicable;
b. Complete information on the source and amount of funding received from all other
sources, including but not limited to non-governmental agencies, membership dues and
fees, and private contributions;
c. Names and addresses of directors and /or officers;
d. Line item budget for current fiscal year;
e. List of any additional pending applications for funding to include funding source and
dollar amount requested.
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3. Description of Project. In consideration for the funding provided to GCVAC by the City,
GCVAC shall represent and advocate for the interests of business, industry and institutions operating in
the City of Waterloo. Failure to abide by this requirement shall result in a return of funds pursuant to
Paragraph 9 of this Agreement. GCVAC agrees to undertake and complete in the Cedar Valley project
(the "Project"), to engage in the following economic development activities:
a. Business expansion and recruitment.
1. Execute the Business Recruitment Marketing Plan that will help Waterloo
to compete in the site selection process by highlighting location
differentials with an emphasis on broadband capabilities.
2. Execute initiatives relevant to the recruitment of the area’s targeted industries:
information solutions, advanced manufacturing, renewable energy/biotechnology,
financial services, data centers, 3D printing and logistics;
3. Continue to lead initiatives to promote large blocks of office space including the
OCWEN building in the City of Waterloo. Further initiatives will promote
tenants to the TechWorks Campus T1 Building and industrial outlets.
4. Identify and manage expansion and recruitment projects with the intent is to
encourage new developments that increase wages by 120% of the region average
(20.50/hr.);
5. Prepare and be an advocate for funding businesses who wish to access state
incentive programs;
6. Maintain and provide data for the use of existing businesses and site
selectors considering the area.
b. Encouraging targeted business expansion in the Cedar Valley through providing
staff to support the Cedar Valley Manufacturing Network. In addition, partnering
with Advance Iowa, an economic gardening program, which UNI manages to grow
existing privately held for-profit companies that have 10-100 employees and $1M-
$50M in revenue.
c. Industry Insights – Regional existing business surveying of primary businesses
focused on high value/high growth that are at risk or have opportunity to grow in
Waterloo.
d. Live the Valley- Workforce Recruitment and Development. Through its
Workforce Guidance Plan, the GCVAC will execute programming to recruit and
retain talent in Waterloo.
e. Government Relations-Advocate for the following:
1. Tax Reform: Corporate and personal income tax reductions, continue to
advocate for fair and equitable property tax system, maintain TIF as an
economic development tool, and support legislation that would allow
cities and counties to self-fund general obligation bond debt.
2. Workforce and Education: Education, recruitment and retention of
workers; support community attraction and quality of life programs as a
workforce attraction and retention tool, support funding to expand the Job
Training and Iowa Apprenticeship programs, increased funding for UNI,
continue to emphasize STEM skills, evaluate immigration policies to
increase the number of workers, and advocate for standards and
accountability in our pre-K-12 education system.
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3. Economic Development: Support current funding for IEDA incentives,
strengthen opportunities for entrepreneurs, and explore and establish
economic development programs that attract quality jobs and foster
innovation.
4. Infrastructure, Transportation, and Communications: Expand
Broadband/Connect Every Iowan program, explore new or alternative
methods for funding transportation infrastructure construction and repair,
explore a special state fund for sanitary system and water quality control,
and support the continuation of air service subsidies.
f. Improving the "Brand".
1. A continuing priority is to communicate a brand message that positions
Waterloo and the the Cedar Valley as an economy driven by technology
and innovation led businesses, as well as a superior Midwest quality of
life.
4. Funding. The City agrees to provide funding in an amount not in excess of $85,000 in order to
support implementation of the Project, upon Request for Payment as provided in Paragraph 7, and upon
receipt of the Accounting required in Paragraph 5, as follows:
a. An amount not to exceed $28,500 to be paid in two separate payments of
$14,250 each on December 31, 2017, and on or before June 30, 2018; and
b. An amount not in excess of $56,500 in potential incentive funds, if
earned, as follows:
1) $1,000 per acre of new development in an area of Waterloo
officially designated by City during the term of this Agreement as
an urban renewal area, TIF district, or other area in which City is
willing by written contract to provide development incentives for
a specific transaction (each of such areas is a “Development
Area”), provided that each acre must contain 10,000 sq. ft. of
building structure on average, and/or
2) $1,000 per $250,000 of new taxable value added to a
Development Area, and/or
3) $2,500 per new and/or retained FTE jobs created in a
Development Area, provided the jobs have an hourly starting
wage of at least $15.94 for FY18, and/or
4) GCVAC will provide the following information in writing to the
City on a semiannual basis to show all efforts made to promote
Waterloo, broken down into categories for (a) companies solicited
by GCVAC to locate in a Development Area, (b) companies
GCVAC contacted to expand operations in a Development Area,
and (c) inquiries received by GCVAC from companies for
marketing materials or about available sites or buildings: number
of initial calls, contacts, leads, prospects, conferences attended to
present marketing about Waterloo, databases organized and/or
posted on websites for providing relevant information about
Waterloo, other efforts made to network, form relationships
and/or subscribe to services, and material responses to requests
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for information. Based on the documentation submitted by
GCVAC, the City, at its sole discretion, can evaluate the quarterly
semiannual performance of GCVAC and may provide Quarterly
Semiannual Performance Payments up to $5,000 to GCVAC, with
a total maximum not to exceed to $20,000.
Quarterly Semiannual means the periods June through November
2017; December through June 2018, in order to allow program
evaluation and payment to occur on or before June 30, 2018.
The incentive payments identified in Paragraph 4.b will be provided only if GCVAC can establish a
causal relationship between its activities and the economic development for which it proposes to be paid
the incentive funds. The incentive payments, if earned, shall be paid on or about December 31, 2017 and
June 30, 2018, subject to Paragraph 7 below.
Actual expenditures may exceed the amount budgeted for each major line item provided such costs are
otherwise reasonable and allocable to the approved project scope of work. Total expenditures may not
exceed the total funding amount authorized in this Paragraph.
5. Documentation Regarding Accounting of Expenditure of City Funds. The GCVAC shall provide
the City with a detailed accounting of the expenditure of City funds and a written report outlining the
GCVAC’s performance and accomplishments within the scope of work outlined in its application, upon
submitting Requests for Payment pursuant to Paragraph 7.
6. Salaries. A portion of the City’s grant, as outlined in Paragraph 4, may provide funding for a
portion of the salaries and employee benefits described in Exhibit “A”. City payment of a portion of the
program’s salary and benefit expenses shall not make the City responsible or liable for any employee. All
employment-related claims of any type or nature whatsoever that are made by a GCVAC employee or
against a GCVAC employee by others will be the sole responsibility of GCVAC.
7. Request for Payment. All requests for payment or reimbursement shall be submitted by GCVAC
to City on a semi-annual basis, specifically, no later than December 1, 2017, and June 1, 2018. All
payments or reimbursements are contingent upon receipt of the documentation required in Paragraph 5
above, and upon receipt of the Report on Project Results required in Paragraph 8. City shall have a period
of up to thirty (30) days from date of receipt of each request for payment and all necessary
documentation, within which to make payment or reimbursement under the Agreement.
8. Report on Project Results. GCVAC agrees to provide the City with a written summary
documenting the results of the Project on a semi-annual basis, specifically no later than December 1,
2017, and June 1, 2018. Such report shall include without limitation:
a. Details of external marketing efforts, including, but not limited to: the number of initial
calls, contacts, leads, prospects and material responses to request for information;
b. The number of acres of new development in all Development Areas, grouped by
Development Area (each acre must contain 10,000 sq. ft. of building structure on
average);
c. The amount of new taxable value added to all Development Areas, grouped by
Development Area; and
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d. The number of new FTE jobs created in all Development Areas, grouped by
Development Area (each FTE job must have an hourly starting wage of at least $15.94).
9. Return of Funds. In the event GCVAC does not use funds for the intended purpose(s) or in the
event GCVAC does not comply with the reporting requirements of Paragraph 8 above, the funds or any
portion thereof shall be returned to the City prior to the end of the current fiscal year, which is June 30,
2018.
10. Time Limitation of Funding. The parties hereby acknowledge that the City is not committed or
obligated to provide funds beyond the terms and conditions of this Agreement, and that any future project
or program requires a separate request and is subject to City Council approval and execution of a separate
written agreement. However, this Agreement however does not prohibit GCVAC from requesting
additional financial support from the City for other activities associated with the Project in the Cedar
Valley.
11. Recipient Board. The GCVAC Board of Directors will be charged with planning for the
appropriate expenditure of City grant funds in accordance with this Agreement. The Mayor or his/her
designee will represent City on the Board.
12. Termination. Either party may terminate this Agreement at any time if:
a. The other party materially breaches the terms of this Agreement; provided that the non-
breaching party shall have given the breaching party written notice of such breach and the
breaching party shall have failed to cure the same within (30) days after receipt of such
notice;
b. There is the loss or departure of key personnel that would jeopardize both the quality and
time of performance or would make performance impractical with respect to the budget
contemplated for this Agreement, and a mutually acceptable replacement cannot be
found; or
c. Performance of any part of this Agreement by a party is prevented or delayed due to a
factor beyond the reasonable control of the party and cannot be overcome by reasonable
diligence to the satisfaction of either party.
d. The party desiring termination delivers no less than 60 days’ advance written notice of
termination to the other party.
In addition, the parties may terminate this Agreement at any time by mutual written consent or in the
event that all other government entities to which GCVAC provides services substantially similar to those
GCVAC provides to City choose to terminate any grant, funding or other agreement that provides
incentive-based funding to GCVAC. In the latter instance, the parties agree to enter into a new written
agreement providing for funding to GCVAC that is a flat payment-for-services arrangement, in an amount
mutually agreeable to the parties.
In the event of termination, immediate written notice shall be given by the authorized official of the party
requesting termination to the other party which should specify both the reason for and the effective date
of termination. Such notice shall be delivered by certified mail or in person to the authorized official of
the other party who executed this Agreement.
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13. Liability. GCVAC and City agree that each party shall be responsible for its acts or omissions
and the acts or omissions of its employees, officers, directors, agents or volunteers, to the extent allowed
by law. Nothing contained in this Agreement shall vary or modify in any manner any governmental
immunity which any party to this Agreement, or its officers, directors, employees, agents or volunteers,
may enjoy under any statute or rule of law, except to the extent provided in Iowa Code § 670.7, with
respect to the procurement of insurance, and then only to the extent stated in the insurance policy and
only as to those exceptions contained in Iowa Code § 670.4.
14. Legal Expenses. GCVAC agrees that all legal expenses incurred by the City in connection with
the defense of any claim made or brought against the City that is directly related to GCVAC’s
performance, or the performance of GCVAC’s employees, officers, directors, agents or volunteers, under
this Agreement shall be the sole responsibility of the GCVAC.
15. Terms of Agreement Control. The parties acknowledge that the provisions of this Agreement are
controlling and shall define the duties, responsibilities and conditions under which the Project shall be
completed. Any and all provisions of Exhibit “A”, the GCVAC’s Application describing the Project,
which is inconsistent with the provisions of this Agreement, shall be ineffective. All persons who meet
the eligibility requirements as defined in this Agreement shall be entitled to participate in the Project,
regardless of race, color, creed, religion, national origin, sex, age, disability, sexual orientation, gender
identity, or any other criteria which by applicable law constitutes unlawful discrimination.
16. Entire Agreement. This Agreement, together with the Application attached hereto as Exhibit
“A”, to the extent not inconsistent with the terms hereof, constitutes the entire agreement between the
parties with respect to the subject matter hereof. There are no other oral or written promises or
understandings except as expressly provided herein. This Agreement may be amended only by a written
agreement signed by the parties hereto.
17. Term of Agreement. This Agreement covers the period from July 1, 2017 through and
including June 30, 2018.
IN WITNESS WHEREOF, the parties have executed this Agreement by their duly authorized
representatives as of the date stated above.
GREATER CEDAR VALLEY ALLIANCE CITY OF WATERLOO, IOWA
By: By:
Steven J. Dust, President Quentin Hart, Mayor
Attest:
Kelley Felchle, City Clerk
Page 251 of 381
C ITY OF WATER LOO
Council Communication
R es o lutio n approving amend ment to the Leas e Agreement with UNI for the maintenance o f UNI C UE,
(C hic ago G reat Wes tern Dep o t) b uilding, and authorize the Mayor to s ign s aid doc uments.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning Anderson, N oel Approved 11/20/2017 - 3:39 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:19 P M
ATTA C H M EN TS :
Description Type
U N I C U E amend C over Memo
S UB J E C T:
R es o lution approving amend ment to the Leas e Agreement with UNI for the
maintenanc e of UNI C UE, (C hicago G reat Wes tern Depot) build ing, and
authorize the Mayo r to sign s aid doc uments .
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro ve amend ment doc ument
S ummary S tatement:
T he C ity of Waterlo o and University o f No rthern Iowa have a long term
leas e for the us e o f the UNI C UE b uilding (C hicago G reat Western Depot
b uilding at 800 S ycamore S treet) and this amend ment wo rks to clear up the
maintenanc e res pons ib ilities lis ted in the leas e, b as ed on the actual utilities
used at the s ite and b uilding.
Exp enditure R equired :NA
S ource o f F und s :NA
P olic y Issue:P ro p erty Management and Do wntown Develo p ment
Alternative:No t ap p rove
Background I nformatio n:
As yo u may rec all, the C ity o f Waterloo utlitized federal trans p o rtatio n funds
to help s ave the his to ric C hic ago G reat Wes tern Dep o t b uilding. A vital part
o f that effo rt was UN I working to lease and reus e the b uilding fo r the
UNI C UE offic es .
O R I G I NAL P LAT WAT E R L O O EAS T PART O F LO T S 2,3,6,7 & 10
BLK 1 LYI NG NW LY O F T HE F O LLO W ING D E S C R I BE D LI NE:
Page 252 of 381
Legal Desc riptio ns :
BEG AT A P T O N N E LY L I NE O F BLK 1 15' D I S TANT NW LY
F R O M C ENT ER L I NE O F MAI N T R AC K C & NW R R T H S W LY
PAR W I T H S AI D MAI N T R AC K C ENT ER LI NE A DI S TANC E O F
100' M/L TO A P T 9.5' NW LY F R O M C ENT ER L I NE O F MO S T
NW LY S I DE T R AC K T H S W LY PAR W I T H S AI D S I DE T R AC K
C E NT ER LINE 205' TO A P T O N S W LY LINE O F B L K 1
Page 253 of 381
UNI-CUE Maintenance Agreement – 2017
This document is to clarify the maintenance responsibilities described in the lease agreement
between the City of Waterloo and the University of Northern Iowa concerning the property at
800 Sycamore Street, Waterloo, Iowa 50703. The City and the University mutually agreed to
these details during a meeting at the Depot on August 29, 2017. Present at the meeting
representing the City were, Mark Boesen and Noel Anderson. Representing UNI-CUE was
Megan Holbach and representing the University were Gary Saak and Steve Pavelec. This does
not replace any of the provisions in the lease agreement.
LEASE – BUSINESS PROPERTY
6. CARE AND MAINTENANCE OF PREMISIS.
(b) The Landlord will provide for the maintenance of the roof and its replacement when
needed. The Landlord will maintain the exterior, sidewalks, the parking lot including striping and
the parking lot lighting (Not lighting that is attached to the building), replacement of HVAC
units, electrical panels, the security system and fire alarm if these systems are beyond repair.
The land lord will replace doors and windows if they can no longer be repaired or the cost of
repair exceeds the cost of replacement. The landlord is responsible for all structural repairs.
(c) The tenant will be responsible for all of the items noted in the lease agreement. The
tenant will maintain the heating and cooling systems, performing regular and routine
maintenance including the replacement of components as needed as long as the cost of repair
does not exceed the replacement cost. The tenant will maintain all of the interior systems,
equipment, repair dings, dents and paint walls and doors, maintain the carpet and patch all
openings created by the removal and/or addition of furnishings or changes to the office lay-out.
The tenant agrees to give the Landlord as much notice as possible when equipment or a system is
nearing the end of its useful life so the landlord can make arrangements for its replacement.
Note: The lease agreement assigns responsibility for maintaining cooling to the Landlord and
heating to the tenant. Those responsibilities are modified as stated above.
We the undersigned agree to maintain this property as described above.
_______________________________________ DATE: ___________
_______________________________________ DATE: ___________
Page 254 of 381
C ITY OF WATER LOO
Council Communication
R es o lutio n approving elec tronic s ubmission o f the Tax Inc rement F inanc e (T IF ) reports to the S tate of Io wa
fo r F isc al Year 2017.
City Council Meeting: 11/27/2017
Prepared: 11/20/2017
R EV I EWER S :
D epartment R eviewer Action D ate
P lanning & Z oning S chroeder, Aric Approved 11/20/2017 - 4:03 P M
C lerk O ffice E ven, L eAnn Approved 11/20/2017 - 4:12 P M
ATTA C H M EN TS :
Description Type
S tate C ert F orm B ackup M aterial
S UB J E C T:R es o lution approving elec tronic s ubmissio n o f the Tax Inc rement F inanc e
(T I F ) repo rts to the S tate o f Io wa fo r F is c al Year 2017.
S ub mitted by:S ubmitted By: No el Anderson, C o mmunity P lanning & Develo p ment
Directo r
R ec o mmended Ac tio n:Ap p ro val of F Y2017 T I F R ep o rts
S ummary S tatement:
As a p art of the T I F rep o rting req uirements of the S ate of Iowa, the C ity
C o uncil mus t ap p ro ve the sub mis s io n of the elec tronic version of the T I F
expens es , in the S tate forms and information as req uired. W hile the C ity
C o uncil has previo us ly approved other s preads heets & rep o rts o n this , this
is a s tep in the p ro cess, spec ifically requiring C ity C ounc il Ap p ro val.
Exp enditure R equired :N/A
S ource o f F und s :N/A
P olic y Issue:Econo mic Develo p ment & Urban R enewal.
Background I nformatio n:
T he C ity of Waterlo o utilizes T I F Distric ts to help revitalize areas and help
create new areas fo r bus iness expans io n, lo c atio n, and develo p ment. T hes e
rep o rts info rm the S tate of thes e types of ac tivities .
Legal Desc riptio ns :N/A
Page 255 of 381
Levy Authority Summary
Local Government Name: WATERLOO
Local Government Number: 07G054
Active Urban Renewal Areas U.R.
#
# of Tif
Taxing
Districts
WATERLOO URBAN RENEWAL 07008 6
WATERLOO RATH AREA URBAN RENEWAL 07009 2
WATERLOO AIRPORT URBAN RENEWAL 07010 4
WATERLOO NE IND URBAN RENEWAL 07015 4
WATERLOO MARTIN RD URBAN RENEWAL 07016 4
WATERLOO SAN MARNAN URBAN RENEWAL 07030 3
WATERLOO LOGAN URBAN RENEWAL 07035 4
WATERLOO CROSSROADS UR TIF 07044 2
TIF Debt Outstanding: 62,179,171
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2016: 2,431,654 0
Amount of 07-01-2016 Cash Balance
Restricted for LMI
TIF Revenue: 7,873,737
TIF Sp. Revenue Fund Interest: 15,869
Property Tax Replacement Claims 359,553
Asset Sales & Loan Repayments: 900,978
Total Revenue: 9,150,137
Rebate Expenditures: 1,346,962
Non-Rebate Expenditures: 7,661,295
Returned to County Treasurer: 0
Total Expenditures: 9,008,257
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2017: 2,573,534 0
Amount of 06-30-2017 Cash Balance
Restricted for LMI
Year-End Outstanding TIF
Obligations, Net of TIF Special
Revenue Fund Balance: 50,597,380
Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 1 of 119 Page 256 of 381
Urban Renewal Area Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL
UR Area Number: 07008
UR Area Creation Date: 12/1974
UR Area Purpose:
The plan is intended to stengthen
the economy, conserve
substantially sound areas of the
downtown, eliminate blight and
inappropriate uses through a
comprehensive program of
rehabilitation and redevelopment.
Tax Districts within this Urban Renewal Area Base
No.
Increment
No.
Increment
Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO URBAN TIF SSMID INCR 07097 07098 0
WATERLOO CITY/WATERLOO SCH/WATERLOO URBAN TIF INCR 07099 07100 0
WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT UR TIF INCR 07219 07220 15,704,108
WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT UR TIF SSMID INCR 07221 07222 36,593,276
WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT GROUT AMD INCR 07261 07262 0
WATERLOO CITY/WATERLOO SCH WATERLOO RIVERFRONT TIF AMD2 INCR 07301 07302 4,322,470
Urban Renewal Area Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 13,256,300 65,802,255 28,278,060 0 -3,704 109,948,026 0 109,948,026
Taxable 0 7,373,943 59,222,029 25,450,254 0 -3,704 94,298,059 0 94,298,059
Homestead Credits 31
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2016: 590,968 0
Amount of 07-01-2016 Cash Balance
Restricted for LMI
TIF Revenue: 2,035,693
TIF Sp. Revenue Fund Interest: 2,666
Property Tax Replacement Claims 151,403
Asset Sales & Loan Repayments: 0
Total Revenue: 2,189,762
Rebate Expenditures: 63,415
Non-Rebate Expenditures: 2,357,237
Returned to County Treasurer: 0
Total Expenditures: 2,420,652
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2017: 360,078 0
Amount of 06-30-2017 Cash Balance
Restricted for LMI
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 2 of 119 Page 257 of 381
Projects For WATERLOO URBAN RENEWAL
Parking Ramps
Description:Rehabilitation of East and West Parking Ramps
Classification:Municipal and other publicly-owned or leased buildings
Physically Complete:Yes
Payments Complete:No
Commercial Street Extension
Description:Funds to pay for Commercial Street Extension Project
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
US 63 Study
Description:Funds for US Hwy 63 Study
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Downtown Riverfront Plan
Description:
Payments to consultant for development of the Riverfront
Renaissance Plan
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Downtown Lighting
Description:Funds to pay for downtown lighting project
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Main Street Contract
Description:Funds to pay services to Main Street Waterloo
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Vandewalle Contract
Description:Contract for downtown development services
Classification:Administrative expenses
Physically Complete:Yes
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 3 of 119 Page 258 of 381
Payments Complete:No
2004 Downtown Redevelopment Consultant
Description:Funds to pay for downtown redevelopment consultant
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
2004 Downtown Lighting
Description:Funds to pay for downtown lighting project
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
2005 Downtown Acquisitions
Description:Acquire property for Expo site
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2006 Downtown Acquisitions
Description:Acquire property for Expo site
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2004 Downtown Acquisitions
Description:Acquire property for Expo site
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2007 Downtown Pump Stations
Description:Funds to pay for pump station project
Classification:Water treatment plants, waste treatment plants & lagoons
Physically Complete:Yes
Payments Complete:No
2007 Downtown Parking Ramps
Description:Funds to pay for parking ramp repairs
Classification:Municipal and other publicly-owned or leased buildings
Physically Complete:Yes
Payments Complete:No
2007 Downtown Property Acquisitions
Created: Mon Nov 27 15:58:53 CST 2017
Page 4 of 119 Page 259 of 381
Description:Acquire property for Expo site
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2007 Downtown Property Acquisitions
Description:Acquire property for Expo site
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2007 Downtown Development Consultant
Description:Funds to pay for downtown development consultant
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
2008 Downtown Development Consultant
Description:Funds to pay for downtown development consultant
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
2008 Downtown Property Acquisitions
Description:Funds to pay for downtown property acquisitions
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2008 Public Market
Description:Funds to pay for new Public Market Building
Classification:Municipal and other publicly-owned or leased buildings
Physically Complete:Yes
Payments Complete:No
2008 Downtown Parking Ramps
Description:Funds to pay for parking ramp repairs
Classification:Municipal and other publicly-owned or leased buildings
Physically Complete:Yes
Payments Complete:No
2009 Downtown Parking Ramps
Description:Funds to pay for parking ramp repairs
Classification:Municipal and other publicly-owned or leased buildings
Physically Complete:Yes
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 5 of 119 Page 260 of 381
2009 Downtown Property Acquisitions
Description:Funds to pay for downtown property acquisitions
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2009 Downtown Property Acquisitions
Description:Acquisition of properties for new SportsPlex
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2009 Downtown Development Consultant
Description:Funds to pay for downtown development consultant
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
2010 Downtown Development Consultant
Description:Funds to pay for downtown development consultant
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
2010 Downtown Property Acquisitions
Description:Acquisition of properties for new SportsPlex
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Grand Hotel Acquisition
Description:Grand Hotel Property Acquisition
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Grand Hotel Demolition
Description:Grand Hotel Demolition
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Chuck Orr Development Agreement
Description:Payment to Chuck Orr for redevelopment
Classification:Commercial - retail
Created: Mon Nov 27 15:58:53 CST 2017
Page 6 of 119 Page 261 of 381
Physically Complete:Yes
Payments Complete:No
Pioneer Graphics Development Agreement
Description:Payment to Pioneer Graphics for expansion
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
Courier Development Agreement
Description:Payment to Courier for expansion
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
NCN Limited Development Agreement
Description:Payment to NCN Limited for property redevelopment
Classification:
Commercial - apartment/condos (residential use, classified
commercial)
Physically Complete:Yes
Payments Complete:No
Community National Bank Development Agreement
Description:Payment to Community National Bank for expansion
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
Dolly James, LLC Phase I Developent Agreement
Description:Payment to Dolly James for new construction
Classification:
Commercial - apartment/condos (residential use, classified
commercial)
Physically Complete:Yes
Payments Complete:No
2011 Downtown Development Consultant
Description:Funds to pay for downtown development consultant
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
2012 Downtown Development Consultant
Description:Funds to pay for downtown development consultant
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 7 of 119 Page 262 of 381
2012 Downtown Acquisitions
Description:Acquisition of properties for new SportsPlex
Classification:Acquisition of property
Physically Complete:No
Payments Complete:No
2013 Downtown Acquisitions
Description:Acquisition of properties for new SportsPlex
Classification:Acquisition of property
Physically Complete:No
Payments Complete:No
2013 Downtown Development Consultant
Description:Funds to pay for downtown development consultant
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Expo Site Property Acquisition
Description:
Funds to pay for Acquisition of Courier property for Expo
Site
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Expo Site Property Acquisition
Description:
Funds to pay for Acquisition of Courier property for Expo
Site
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2004 Downtown Acquisitions
Description:Acquire Property for Expo Site
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
2014 Tech Works Project
Description:Funds for Tech Works Project
Classification:Commercial - office properties
Physically Complete:No
Payments Complete:No
2014 Downtown Acquisitions
Created: Mon Nov 27 15:58:53 CST 2017
Page 8 of 119 Page 263 of 381
Description:Acquisition of properties for entertainment area parking lot
Classification:Acquisition of property
Physically Complete:No
Payments Complete:No
2014 Downtown Development Consultant
Description:Funds to pay for downtown development consultant
Classification:Administrative expenses
Physically Complete:No
Payments Complete:No
HQAA-JSA Development Agreement
Description:Payment to HQAA-JSA for redevelopment
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
Court Square Building Co Development Agreement
Description:Payment to Court Square Building Co for redevelopment
Classification:Commercial - office properties
Physically Complete:No
Payments Complete:No
Fischels Holdings, LLC Development Agreement
Description:Payment to Fischels Holdings for redevelopement
Classification:Commercial - office properties
Physically Complete:No
Payments Complete:No
Main Street Contract
Description:Payment to Main Street
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
2015 Downtown Development Plan
Description:Funds to pay for downtown development plan
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
2015 Downtown Acquisitions
Description:Funds to pay for downtown acquisitions
Classification:Acquisition of property
Physically Complete:No
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 9 of 119 Page 264 of 381
Administrative Expenses
Description:Payments for administrative expenses
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
JSA Multiple Parcels
Description:
Payment to JSA for multiple parcel development
agreement
Classification:
Commercial - apartment/condos (residential use, classified
commercial)
Physically Complete:Yes
Payments Complete:No
Dolly James LLC Phase II Development Agreement
Description:
Payment to Dolly James LLC Phase II downtown
apartment project
Classification:
Commercial - apartment/condos (residential use, classified
commercial)
Physically Complete:No
Payments Complete:No
Dolly James LLC Phase III Development Agreement
Description:
PAyment to Dolly James LLC for Phase III downtown
apartment project
Classification:
Commercial - apartment/condos (residential use, classified
commercial)
Physically Complete:No
Payments Complete:No
Court Square Bdlg Company Development Agreement
Description:
Payment to Court Square Bldg Co for Court Square Bldg
project
Classification:Commercial - retail
Physically Complete:Yes
Payments Complete:No
Fischels Holdings Development Agreement
Description:
Payment to Fishcels Holdings for new commercial
building
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Hotel President Development Agreement
Description:
Payment to Hotel President LLC for redevelopment of
building Created: Mon Nov 27 15:58:53 CST 2017
Page 10 of 119 Page 265 of 381
Classification:
Commercial - apartment/condos (residential use, classified
commercial)
Physically Complete:Yes
Payments Complete:No
Grand Crossing LLC Development Agreement (Phase I)
Description:
Payment to Grand Crossing LLC for new
commercial/residential building
Classification:
Commercial - apartment/condos (residential use, classified
commercial)
Physically Complete:No
Payments Complete:No
Waterloo Industries
Description:Waterloo Industries redevelopment project
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
Singlespeed Contract
Description:Grant for Singlespeed Project
Classification:Commercial - retail
Physically Complete:Yes
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 11 of 119 Page 266 of 381
Debts/Obligations For WATERLOO URBAN RENEWAL
2012 G.O. Bonds (2003 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:30,000
Interest:900
Total:30,900
Annual Appropriation?:No
Date Incurred:06/10/2003
FY of Last Payment:2018
2012 G.O. Bonds (2003 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:10,000
Interest:81
Total:10,081
Annual Appropriation?:No
Date Incurred:06/10/2003
FY of Last Payment:2018
2012 G.O. Bonds (2003 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:20,000
Interest:350
Total:20,350
Annual Appropriation?:No
Date Incurred:06/10/2003
FY of Last Payment:2018
2011 G.O. Bonds (2004 Refinance)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:73,000
Interest:7,055
Total:80,055
Annual Appropriation?:No
Date Incurred:06/03/2004
FY of Last Payment:2019
2012 G.O. Bonds (2005 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:275,000
Interest:15,366
Total:290,366
Annual Appropriation?:No
Date Incurred:06/09/2005
FY of Last Payment:2020
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 12 of 119 Page 267 of 381
2007 G.O. Bonds (Downtown Acq)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:20,000
Interest:1,120
Total:21,120
Annual Appropriation?:No
Date Incurred:05/29/2007
FY of Last Payment:2017
2008 G.O. Bonds (parking ramp)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:330,000
Interest:25,000
Total:355,000
Annual Appropriation?:No
Date Incurred:05/05/2008
FY of Last Payment:2023
2008 G.O. Bonds (public market)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:140,000
Interest:10,500
Total:150,500
Annual Appropriation?:No
Date Incurred:05/05/2008
FY of Last Payment:2018
REFUND 2009 G.O. Bonds (downtown parking ramps)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:-390,000
Interest:-58,788
Total:-448,788
Annual Appropriation?:No
Date Incurred:05/18/2009
FY of Last Payment:2024
REFUND 2009 G.O. Bonds (property acq)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:-135,000
Interest:-20,036
Total:-155,036
Annual Appropriation?:No
Date Incurred:05/18/2009
FY of Last Payment:2019
REFUND 2009 G.O. Bonds (downtown developmnent consultant)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Created: Mon Nov 27 15:58:53 CST 2017
Page 13 of 119 Page 268 of 381
Principal:-60,000
Interest:-9,603
Total:-69,603
Annual Appropriation?:No
Date Incurred:05/18/2009
FY of Last Payment:2024
2010 G.O. Bonds (development consultant )
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:24,000
Interest:2,340
Total:26,340
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2020
2011 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:80,000
Interest:19,850
Total:99,850
Annual Appropriation?:No
Date Incurred:05/23/2011
FY of Last Payment:2026
2011 G.O. Bonds (downtown Acq)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:600,000
Interest:144,432
Total:744,432
Annual Appropriation?:No
Date Incurred:05/23/2011
FY of Last Payment:2026
NCN Limited Rebate
Debt/Obligation Type:Rebates
Principal:25,343
Interest:0
Total:25,343
Annual Appropriation?:No
Date Incurred:09/07/2004
FY of Last Payment:2015
Community National Bank Rebate
Debt/Obligation Type:Rebates
Principal:824
Interest:0
Total:824
Annual Appropriation?:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 14 of 119 Page 269 of 381
Date Incurred:05/15/2006
FY of Last Payment:2018
Dolly James, LLC Rebate (phase I)
Debt/Obligation Type:Rebates
Principal:36,524
Interest:0
Total:36,524
Annual Appropriation?:No
Date Incurred:01/30/2012
FY of Last Payment:2024
2012 G.O. Bonds (downtown Consultant)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:42,000
Interest:2,940
Total:44,940
Annual Appropriation?:No
Date Incurred:06/05/2012
FY of Last Payment:2022
2012 G.O. Bonds (downtown acq)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:490,000
Interest:39,995
Total:529,995
Annual Appropriation?:No
Date Incurred:06/05/2012
FY of Last Payment:2022
2013 G.O. Bonds Acq
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:680,000
Interest:68,812
Total:748,812
Annual Appropriation?:No
Date Incurred:05/28/2013
FY of Last Payment:2023
2013 G.O. Bonds DT Development
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:65,000
Interest:5,975
Total:70,975
Annual Appropriation?:No
Date Incurred:05/28/2013
FY of Last Payment:2023
2012 G.O. Bonds (2003 Refinanced) from Midport
Created: Mon Nov 27 15:58:53 CST 2017
Page 15 of 119 Page 270 of 381
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:11,716
Interest:182
Total:11,898
Annual Appropriation?:No
Date Incurred:06/05/2012
FY of Last Payment:2017
2012 G.O. Bonds (2003 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:10,000
Interest:93
Total:10,093
Annual Appropriation?:No
Date Incurred:06/05/2012
FY of Last Payment:2018
2014 G.O. Bonds (2007 Refinance) DT Development
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:55,000
Interest:5,625
Total:60,625
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2019
2014 G.O. Bonds (acq)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:310,000
Interest:95,015
Total:405,015
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2029
2014 G.O. Bonds (DT Development)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:70,000
Interest:9,500
Total:79,500
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2024
2014 G.O. Bonds (Techworks project)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:3,250,000
Interest:913,466
Total:4,163,466 Created: Mon Nov 27 15:58:53 CST 2017
Page 16 of 119 Page 271 of 381
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2029
Fischels Holdings, LLC Rebate
Debt/Obligation Type:Rebates
Principal:724
Interest:0
Total:724
Annual Appropriation?:No
Date Incurred:11/05/2012
FY of Last Payment:2025
2014 G.O. Bonds (2006 Refinance)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:275,000
Interest:810
Total:275,810
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2021
Main Street
Debt/Obligation Type:Internal Loans
Principal:40,000
Interest:0
Total:40,000
Annual Appropriation?:No
Date Incurred:09/11/2016
FY of Last Payment:2017
2015 G.O. Bonds (development plan)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:75,000
Interest:12,600
Total:87,600
Annual Appropriation?:No
Date Incurred:06/09/2015
FY of Last Payment:2025
2015 G.O. Bonds (Acq)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:180,000
Interest:24,870
Total:204,870
Annual Appropriation?:No
Date Incurred:06/09/2015
FY of Last Payment:2025
Created: Mon Nov 27 15:58:53 CST 2017
Page 17 of 119 Page 272 of 381
Administrative Expenses
Debt/Obligation Type:Internal Loans
Principal:17,449
Interest:0
Total:17,449
Annual Appropriation?:No
Date Incurred:06/26/2017
FY of Last Payment:2017
Dolly James, LLC Rebate (Phase II)
Debt/Obligation Type:Rebates
Principal:36,524
Interest:0
Total:36,524
Annual Appropriation?:No
Date Incurred:01/30/2012
FY of Last Payment:2025
Dolly James, LLC Rebate (phase III)
Debt/Obligation Type:Rebates
Principal:36,524
Interest:0
Total:36,524
Annual Appropriation?:No
Date Incurred:01/30/2012
FY of Last Payment:2025
2011 G.O. Bond (Demo)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:600,000
Interest:144,432
Total:744,432
Annual Appropriation?:No
Date Incurred:05/23/2011
FY of Last Payment:2026
2014 G.O. Bond (pump station)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:485,000
Interest:42,938
Total:527,938
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2022
2014 G.O. Bond (parking ramp)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:330,000
Created: Mon Nov 27 15:58:53 CST 2017
Page 18 of 119 Page 273 of 381
Interest:29,604
Total:359,604
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2022
2016 G.O. Bond (developemnt plan)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:80,000
Interest:9,875
Total:89,875
Annual Appropriation?:No
Date Incurred:05/23/2016
FY of Last Payment:2026
2016 G.O. Bond ( Acq)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:239,000
Interest:26,472
Total:265,472
Annual Appropriation?:No
Date Incurred:05/23/2016
FY of Last Payment:2026
2016 G.O. Bond (TechWorks)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:9,250,000
Interest:3,031,639
Total:12,281,639
Annual Appropriation?:No
Date Incurred:05/23/2016
FY of Last Payment:2036
2016A G.O. Bond (refunding 2008A DT Development)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:60,000
Interest:5,206
Total:65,206
Annual Appropriation?:No
Date Incurred:05/23/2016
FY of Last Payment:2023
2016A G.O. Bond refunding 2008A DT Development)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:75,000
Interest:5,683
Total:80,683
Annual Appropriation?:No
Date Incurred:05/23/2016
Created: Mon Nov 27 15:58:53 CST 2017
Page 19 of 119 Page 274 of 381
FY of Last Payment:2023
2010 G.O. Bond Refunded 2002
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:11,031
Interest:3,979
Total:15,010
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2017
2011 G.O. Bond Refinaced 2004
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:35,000
Interest:3,766
Total:38,766
Annual Appropriation?:No
Date Incurred:05/23/2011
FY of Last Payment:2019
2014 G.O. Bond Refinanced 2007(Downtown Development Plan)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:87,812
Interest:6,277
Total:94,089
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2022
2014 G.O. Bond Refinaced 2007 (Acq)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:95,000
Interest:8,390
Total:103,390
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2022
2017A Refianced 409 DT Parking Garage
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:390,000
Interest:44,787
Total:434,787
Annual Appropriation?:No
Date Incurred:06/01/2017
FY of Last Payment:2024
2017A Refinanced 409 DT Acq
Created: Mon Nov 27 15:58:53 CST 2017
Page 20 of 119 Page 275 of 381
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:135,000
Interest:16,436
Total:151,436
Annual Appropriation?:No
Date Incurred:06/01/2017
FY of Last Payment:2024
2017A Refinanced 409 DT Development Plan
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:60,000
Interest:7,855
Total:67,855
Annual Appropriation?:No
Date Incurred:06/01/2017
FY of Last Payment:2024
FUND 410 Downtown Acq
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:221,000
Interest:21,860
Total:242,860
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2024
2017A G.O Bond
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:75,000
Interest:17,881
Total:92,881
Annual Appropriation?:No
Date Incurred:06/01/2017
FY of Last Payment:2032
Singlespeed Contract
Debt/Obligation Type:Other Debt
Principal:168,417
Interest:0
Total:168,417
Annual Appropriation?:No
Date Incurred:09/08/2015
FY of Last Payment:2017
2012 G.O. Bonds (2003 Refinanced) from Midport
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:11,716
Interest:5,280
Total:16,996
Created: Mon Nov 27 15:58:53 CST 2017
Page 21 of 119 Page 276 of 381
Annual Appropriation?:No
Date Incurred:06/05/2012
FY of Last Payment:2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 22 of 119 Page 277 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Non-Rebates For WATERLOO URBAN RENEWAL
TIF Expenditure Amount:15,600
2012 G.O. Bonds (2003
Refinanced)
Downtown Riverfront Plan
TIF Expenditure Amount:6,950
2014 G.O. Bonds (2007 Refinance)
DT Development
2007 Downtown Development
Consultant
TIF Expenditure Amount:18,240
2014 G.O. Bonds (2007 Refinance)
DT Development
2007 Downtown Property
Acquisitions
TIF Expenditure Amount:7,250
2015 G.O. Bonds (development
plan)
2015 Downtown Development
Plan
TIF Expenditure Amount:24,430
2015 G.O. Bonds (Acq)
2015 Downtown Acquisitions
TIF Expenditure Amount:77,000
2008 G.O. Bonds (public market)
2008 Public Market
TIF Expenditure Amount:175,000
2008 G.O. Bonds (parking ramp)
2008 Downtown Parking Ramps
TIF Expenditure Amount:65,396
REFUND 2009 G.O. Bonds
(downtown parking ramps)
2009 Downtown Parking Ramps
TIF Expenditure Amount:-32,248
REFUND 2009 G.O. Bonds
(property acq)
2009 Downtown Property
Acquisitions
TIF Expenditure Amount:6,915
2010 G.O. Bonds (development
consultant )
2010 Downtown Development
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 23 of 119 Page 278 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Consultant
TIF Expenditure Amount:62,435
2010 G.O. Bonds (development
consultant )
2010 Downtown Property
Acquisitions
TIF Expenditure Amount:11,444
2011 G.O. Bonds (downtown Acq)
2010 Downtown Property
Acquisitions
TIF Expenditure Amount:72,987
2011 G.O. Bonds
2011 Downtown Development
Consultant
TIF Expenditure Amount:71,090
2012 G.O. Bonds (downtown
Consultant)
Grand Hotel Demolition
TIF Expenditure Amount:10,226
2012 G.O. Bonds (2003
Refinanced)
2013 Downtown Development
Consultant
TIF Expenditure Amount:85,992
2012 G.O. Bonds (downtown acq)
2012 Downtown Acquisitions
TIF Expenditure Amount:5,051
2012 G.O. Bonds (2003
Refinanced) from Midport
2012 Downtown Acquisitions
TIF Expenditure Amount:5,976
2012 G.O. Bonds (2003
Refinanced) from Midport
Expo Site Property Acquisition
TIF Expenditure Amount:5,060
2012 G.O. Bonds (2003
Refinanced)
2013 Downtown Development
Consultant
TIF Expenditure Amount:55,252
2014 G.O. Bond (parking ramp)
Parking Ramps
TIF Expenditure Amount:24,382
2011 G.O. Bonds (2004 Refinance)
2004 Downtown Redevelopment Created: Mon Nov 27 15:58:53 CST 2017
Page 24 of 119 Page 279 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Consultant
TIF Expenditure Amount:96,810
2014 G.O. Bonds (2007 Refinance)
DT Development
2007 Downtown Pump Stations
TIF Expenditure Amount:6,375
2013 G.O. Bonds DT Development
2013 Downtown Development
Consultant
TIF Expenditure Amount:61,432
2014 G.O. Bonds (2007 Refinance)
DT Development
2007 Downtown Parking Ramps
TIF Expenditure Amount:6,800
2014 G.O. Bonds (DT
Development)
2007 Downtown Property
Acquisitions
TIF Expenditure Amount:40,000
Main Street
Main Street Contract
TIF Expenditure Amount:251,366
2014 G.O. Bonds (Techworks
project)
2014 Downtown Development
Consultant
TIF Expenditure Amount:17,449
Administrative Expenses
Administrative Expenses
TIF Expenditure Amount:105,912
2013 G.O. Bonds Acq
2013 Downtown Acquisitions
TIF Expenditure Amount:7,840
2012 G.O. Bonds (downtown
Consultant)
2012 Downtown Development
Consultant
TIF Expenditure Amount:24,945
2014 G.O. Bonds (DT
Development)
2014 Downtown Acquisitions
TIF Expenditure Amount:72,987
2011 G.O. Bonds
2011 Downtown Development
Consultant Created: Mon Nov 27 15:58:53 CST 2017
Page 25 of 119 Page 280 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
TIF Expenditure Amount:15,011
2010 G.O. Bond Refunded 2002
US 63 Study
TIF Expenditure Amount:168,416
Singlespeed Contract
Singlespeed Contract
TIF Expenditure Amount:11,568
2013 G.O. Bonds Acq
2013 Downtown Acquisitions
TIF Expenditure Amount:12,244
2013 G.O. Bonds Acq
2013 Downtown Acquisitions
TIF Expenditure Amount:21,120
2007 G.O. Bonds (Downtown Acq)
2007 Downtown Property
Acquisitions
TIF Expenditure Amount:8,100
2011 G.O. Bonds
2011 Downtown Development
Consultant
TIF Expenditure Amount:30,415
2014 G.O. Bonds (2007 Refinance)
DT Development
2007 Downtown Property
Acquisitions
TIF Expenditure Amount:6,475
2016 G.O. Bond (developemnt
plan)
Vandewalle Contract
TIF Expenditure Amount:23,781
2016 G.O. Bond ( Acq)
Downtown Riverfront Plan
TIF Expenditure Amount:576,274
2016 G.O. Bond (TechWorks)
2014 Tech Works Project
TIF Expenditure Amount:6,106
2016A G.O. Bond (refunding
2008A DT Development)
2008 Downtown Development
Consultant
TIF Expenditure Amount:11,383
2016A G.O. Bond refunding
2008A DT Development)
2008 Downtown Property Created: Mon Nov 27 15:58:53 CST 2017
Page 26 of 119 Page 281 of 381
Acquisitions
Created: Mon Nov 27 15:58:53 CST 2017
Page 27 of 119 Page 282 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebates For WATERLOO URBAN RENEWAL
25 Westfield Ave
TIF Expenditure Amount:25,343
NCN Limited Company
NCN Limited Rebate
NCN Limited Development
Agreement
2015
422 Commercial St
TIF Expenditure Amount:824
Community National Bank
Community National Bank Rebate
Community National Bank
Development Agreement
2018
820 Sycamore Phase I
TIF Expenditure Amount:36,524
Dolly James, LLC
Dolly James, LLC Rebate (phase I)
Dolly James, LLC Phase I
Developent Agreement
2024
820 Sycamore Phase II
TIF Expenditure Amount:0
Dolly James, LLC
Dolly James, LLC Rebate (Phase
II)
Dolly James LLC Phase II
Development Agreement
2025
820 Sycamore Phase III
TIF Expenditure Amount:0
Dolly James, LLC
Dolly James, LLC Rebate (phase
III)
Dolly James LLC Phase III
Development Agreement
2025
1118 Jefferson
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 28 of 119 Page 283 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
TIF Expenditure Amount:724
Fischels Holdings, LLC
Fischels Holdings, LLC Rebate
Fischels Holdings Development
Agreement
2025
Downtown Waterloo
TIF Expenditure Amount:0
JSA Development, LLC
2011 G.O. Bond (Demo)
JSA Multiple Parcels
2021
112-116 E 4th St
TIF Expenditure Amount:0
JSA Development, LLC
Fischels Holdings, LLC Rebate
HQAA-JSA Development
Agreement
2024
Created: Mon Nov 27 15:58:53 CST 2017
Page 29 of 119 Page 284 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL (07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO URBAN TIF SSMID INCR
TIF Taxing District Inc. Number: 07098
TIF Taxing District Base Year: 1973
FY TIF Revenue First Received: 1973
Subject to a Statutory end date? No
UR Designation
Slum 12/1974
Blighted 12/1974
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 0
Taxable 0 0 0 0 0 0 0 0 0
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 12,842,082 0 0 0 0
FY 2017 TIF Revenue Received: 0
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL (07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO URBAN TIF INCR
TIF Taxing District Inc. Number: 07100
TIF Taxing District Base Year: 1993
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR Designation
Slum No
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 0
Taxable 0 0 0 0 0 0 0 0 0
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 2,575,217 0 0 0 0
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 30 of 119 Page 285 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL (07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT UR TIF INCR
TIF Taxing District Inc. Number: 07220
TIF Taxing District Base Year: 2000
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR Designation
Slum 08/2001
Blighted 08/2001
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 12,050,870 14,484,622 18,808,100 0 -3,704 45,619,926 0 45,619,926
Taxable 0 6,703,412 13,036,159 16,927,290 0 -3,704 36,904,690 0 36,904,690
Homestead Credits 29
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 30,016,520 15,607,110 15,704,108 -96,998 -3,273
FY 2017 TIF Revenue Received: 2,035,693
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL (07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT UR TIF SSMID
INCR
TIF Taxing District Inc. Number: 07222
TIF Taxing District Base Year: 2000
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR Designation
Slum 08/2001
Blighted 08/2001
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 1,205,430 47,022,393 567,570 0 0 51,130,470 0 51,130,470
Taxable 0 670,531 42,320,154 510,813 0 0 45,515,502 0 45,515,502
Homestead Credits 2
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 938,480 45,515,502 36,593,276 8,922,226 301,027
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 31 of 119 Page 286 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL (07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT GROUT AMD
INCR
TIF Taxing District Inc. Number: 07262
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2007
Subject to a Statutory end date? No
UR Designation
Slum 04/2003
Blighted 04/2003
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 379,770 0 0 0 379,770 0 379,770
Taxable 0 0 341,793 0 0 0 341,793 0 341,793
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 606,640 0 0 0 0
FY 2017 TIF Revenue Received: 0
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL (07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH WATERLOO RIVERFRONT TIF AMD2 INCR
TIF Taxing District Inc. Number: 07302
TIF Taxing District Base Year: 2010
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR Designation
Slum 12/2011
Blighted 12/2011
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 3,915,470 8,902,390 0 0 12,817,860 0 12,817,860
Taxable 0 0 3,523,923 8,012,151 0 0 11,536,074 0 11,536,074
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 8,714,430 4,103,430 4,322,470 -219,040 -7,390
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 32 of 119 Page 287 of 381
Urban Renewal Area Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO RATH AREA URBAN RENEWAL
UR Area Number: 07009
UR Area Creation Date: 11/1990
UR Area Purpose:
The plan is intended to strengthen
the economy, promote residential,
commercial and industrial
development and redevelopment,
and eliminate blighted areas.
Tax Districts within this Urban Renewal Area Base
No.
Increment
No.
Increment
Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO RATH UR TIF INCR 07151 07152 8,839,004
WATERLOO CITY/WATERLOO SCH/WATERLOO RATH AMD 1 INCR 07247 07248 2,014,902
Urban Renewal Area Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 31,918,420 29,567,087 3,485,520 0 -101,120 66,654,280 0 66,654,280
Taxable 0 17,754,893 26,610,378 3,136,968 0 -101,120 48,940,148 0 48,940,148
Homestead Credits 460
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2016: 64,166 0
Amount of 07-01-2016 Cash Balance
Restricted for LMI
TIF Revenue: 363,026
TIF Sp. Revenue Fund Interest: 289
Property Tax Replacement Claims 0
Asset Sales & Loan Repayments: 0
Total Revenue: 363,315
Rebate Expenditures: 15,606
Non-Rebate Expenditures: 833,980
Returned to County Treasurer: 0
Total Expenditures: 849,586
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2017: -422,105 0
Amount of 06-30-2017 Cash Balance
Restricted for LMI
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 33 of 119 Page 288 of 381
Projects For WATERLOO RATH AREA URBAN RENEWAL
Rath Vertical Kill Building Demolition
Description:Demolition of Rath vertical kill building
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Shull Property Acquisitions
Description:Acquisition of Shull properties for redevelopment
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Rath Acquisitions
Description:
Acquire several properties around former Rath Packing Co
for redevelopment
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Rath Acquisitions
Description:
Acquire several properties around former Rath Packing Co
for redevelopment
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Rath Acquisitions
Description:
Acquire several properties around former Rath Packing Co
for redevelopment
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Rath Acquistions
Description:Acquire Rath Cooper and Maintenance Buildings
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Rath Demolitions
Description:Demolition of Rath Cooper and Maintenance Buildings
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 34 of 119 Page 289 of 381
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
BCRLF
Description:CMC Brownfield redevelopment
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
625 Glenwood St Acquisition
Description:Acquire former CMC property
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
1823 Black Hawk St Acquisition
Description:Acquire 1823 Black Hawk Street
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
123 Stanley Ct Acquisition
Description:Acquire 123 Stanley Court
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Public Works Building
Description:Funds for construction of Public Works Building
Classification:Municipal and other publicly-owned or leased buildings
Physically Complete:No
Payments Complete:No
106-116 E 11th St Acquisition
Description:Purhcase NE Iowa Food Bank Building
Classification:Acquisition of property
Physically Complete:No
Payments Complete:No
Rath
Description:Rath
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 35 of 119 Page 290 of 381
Rath Acquisitions
Description:
Acquire properties around former Rath Packing Co for
redevelopment
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Crystal Distribution Services, Inc Development Agreement
Description:
Payments to Crystal Distribution Services, Inc. for
expansion
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
Administrative Expenses
Description:Administrative Expenses
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Rath Area Improvements
Description:
Correction to Bond Principal and Interest Paid on Rath
Area Improvements
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:Yes
Created: Mon Nov 27 15:58:53 CST 2017
Page 36 of 119 Page 291 of 381
Debts/Obligations For WATERLOO RATH AREA URBAN RENEWAL
2009 G.O. Bonds (2001 Refinance)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:05/18/2009
FY of Last Payment:2015
2010 G.O. Bonds (2002 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:2,213
Interest:18
Total:2,231
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2017
2012 G.O. Bonds (2003 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:18,284
Interest:284
Total:18,568
Annual Appropriation?:No
Date Incurred:06/10/2003
FY of Last Payment:2018
2011 G.O. Bonds (2004 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:15,000
Interest:1,050
Total:16,050
Annual Appropriation?:No
Date Incurred:05/23/2011
FY of Last Payment:2019
2013 G.O. Bonds (2006 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:215,000
Interest:12,942
Total:227,942
Annual Appropriation?:No
Date Incurred:06/30/2013
FY of Last Payment:2021
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 37 of 119 Page 292 of 381
2007 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:20,000
Interest:1,120
Total:21,120
Annual Appropriation?:No
Date Incurred:05/29/2007
FY of Last Payment:2017
2008 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:20,000
Interest:1,500
Total:21,500
Annual Appropriation?:No
Date Incurred:05/05/2008
FY of Last Payment:2018
2009 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:15,000
Interest:1,506
Total:16,506
Annual Appropriation?:No
Date Incurred:05/18/2009
FY of Last Payment:2019
2010 G.O. Bonds Redevelopment
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:63,000
Interest:6,290
Total:69,290
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2020
2010 G.O. Bonds Central Garage
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:300,000
Interest:21,586
Total:321,586
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2020
2013 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Created: Mon Nov 27 15:58:53 CST 2017
Page 38 of 119 Page 293 of 381
Principal:265,000
Interest:27,020
Total:292,020
Annual Appropriation?:No
Date Incurred:05/28/2013
FY of Last Payment:2023
2014 G.O. Bonds (2007 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:13,593
Interest:972
Total:14,565
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2019
2014 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:75,000
Interest:9,462
Total:84,462
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2024
2010 G.O. Bonds Redevelopment Taxable
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:150,000
Interest:15,050
Total:165,050
Annual Appropriation?:No
Date Incurred:05/29/2007
FY of Last Payment:2020
Crystal Distribution Services, Inc. Rebate
Debt/Obligation Type:Rebates
Principal:148,406
Interest:0
Total:148,406
Annual Appropriation?:No
Date Incurred:12/16/2013
FY of Last Payment:2023
2015 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:205,000
Interest:30,062
Total:235,062
Annual Appropriation?:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 39 of 119 Page 294 of 381
Date Incurred:06/09/2015
FY of Last Payment:2025
Administrative Expenses
Debt/Obligation Type:Internal Loans
Principal:3,274
Interest:0
Total:3,274
Annual Appropriation?:No
Date Incurred:06/29/2015
FY of Last Payment:2016
2016 G.O. Bonds (Acquisitions & Demos)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:240,000
Interest:26,507
Total:266,507
Annual Appropriation?:No
Date Incurred:05/23/2016
FY of Last Payment:2026
2017 G.O. Bond (taxable- Acq)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:397,000
Interest:96,947
Total:493,947
Annual Appropriation?:No
Date Incurred:06/01/2017
FY of Last Payment:2032
Created: Mon Nov 27 15:58:53 CST 2017
Page 40 of 119 Page 295 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Non-Rebates For WATERLOO RATH AREA URBAN RENEWAL
TIF Expenditure Amount:2,231
2010 G.O. Bonds (2002
Refinanced)
Rath Acquistions
TIF Expenditure Amount:43,856
2013 G.O. Bonds (2006
Refinanced)
Rath Acquisitions
TIF Expenditure Amount:21,120
2007 G.O. Bonds
625 Glenwood St Acquisition
TIF Expenditure Amount:11,000
2008 G.O. Bonds
1823 Black Hawk St Acquisition
TIF Expenditure Amount:5,743
2009 G.O. Bonds
123 Stanley Ct Acquisition
TIF Expenditure Amount:40,737
2010 G.O. Bonds Redevelopment
Rath
TIF Expenditure Amount:17,407
2010 G.O. Bonds Redevelopment
Taxable
106-116 E 11th St Acquisition
TIF Expenditure Amount:5,500
2011 G.O. Bonds (2004
Refinanced)
BCRLF
TIF Expenditure Amount:41,220
2013 G.O. Bonds
Rath Demolitions
TIF Expenditure Amount:6,787
2014 G.O. Bonds
Rath Acquisitions
TIF Expenditure Amount:4,708
2014 G.O. Bonds (2007
Refinanced)
Rath Acquistions
TIF Expenditure Amount:78,170
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 41 of 119 Page 296 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
2010 G.O. Bonds Central Garage
Public Works Building
TIF Expenditure Amount:3,274
Administrative Expenses
Administrative Expenses
TIF Expenditure Amount:25,162
2015 G.O. Bonds
Rath Acquisitions
TIF Expenditure Amount:9,326
2012 G.O. Bonds (2003
Refinanced)
Rath Acquisitions
TIF Expenditure Amount:23,792
2016 G.O. Bonds (Acquisitions &
Demos)
Rath Acquisitions
TIF Expenditure Amount:493,947
2017 G.O. Bond (taxable- Acq)
Rath Acquisitions
Created: Mon Nov 27 15:58:53 CST 2017
Page 42 of 119 Page 297 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebates For WATERLOO RATH AREA URBAN RENEWAL
1656 Sycamore St
TIF Expenditure Amount:15,606
Crystal Distribution
Crystal Distribution Services, Inc.
Rebate
Crystal Distribution Services, Inc
Development Agreement
2025
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 43 of 119 Page 298 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO RATH AREA URBAN RENEWAL (07009)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RATH UR TIF INCR
TIF Taxing District Inc. Number: 07152
TIF Taxing District Base Year: 1989
FY TIF Revenue First Received: 1990
Subject to a Statutory end date? No
UR Designation
Slum 11/1990
Blighted 11/1990
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 3,388,250 9,771,120 1,746,020 0 -14,816 14,890,574 0 14,890,574
Taxable 0 1,884,742 8,794,008 1,571,418 0 -14,816 12,235,352 0 12,235,352
Homestead Credits 42
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 6,051,570 8,853,820 8,839,004 14,816 500
FY 2017 TIF Revenue Received: 363,026
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO RATH AREA URBAN RENEWAL (07009)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RATH AMD 1 INCR
TIF Taxing District Inc. Number: 07248
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2007
Subject to a Statutory end date? No
UR Designation
Slum 06/2004
Blighted 06/2004
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 28,530,170 19,795,967 1,739,500 0 -86,304 51,763,706 0 51,763,706
Taxable 0 15,870,151 17,816,370 1,565,550 0 -86,304 36,704,796 0 36,704,796
Homestead Credits 418
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 49,503,460 2,346,550 2,014,902 331,648 11,189
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 44 of 119 Page 299 of 381
Urban Renewal Area Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO AIRPORT URBAN RENEWAL
UR Area Number: 07010
UR Area Creation Date: 12/1992
UR Area Purpose:
The plan is intended to strengthen
the economy, promote commercial
and industrial development,
expansion of existing business and
industry and attraction of new
industry.
Tax Districts within this Urban Renewal Area Base
No.
Increment
No.
Increment
Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO AIRPORT UR TIF INCR 07163 07164 25,717,662
WATERLOO CITY AG/WATERLOO SCH/WATERLOO AIRPORT UR TIF INCR 07165 07166 500
WATERLOO CITY/WATERLOO SCH/WATERLOO AIRPORT AMD 1 INCR 07253 07254 24,690,812
WATERLOO CITY AG/WATERLOO SCH/WATERLOO AIRPORT AMD 1 INCR 07255 07256 314,830
Urban Renewal Area Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 781,500 11,377,310 43,534,666 63,945,930 0 -64,748 120,287,242 0 120,287,242
Taxable 360,327 6,328,740 39,181,200 57,551,337 0 -64,748 103,971,460 0 103,971,460
Homestead Credits 105
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2016: 2,517,537 0
Amount of 07-01-2016 Cash Balance
Restricted for LMI
TIF Revenue: 1,694,532
TIF Sp. Revenue Fund Interest: 11,357
Property Tax Replacement Claims 72,159
Asset Sales & Loan Repayments: 0
Total Revenue: 1,778,048
Rebate Expenditures: 420,397
Non-Rebate Expenditures: 1,249,075
Returned to County Treasurer: 0
Total Expenditures: 1,669,472
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2017: 2,626,113 0
Amount of 06-30-2017 Cash Balance
Restricted for LMI
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 45 of 119 Page 300 of 381
Projects For WATERLOO AIRPORT URBAN RENEWAL
Road and Sewer Construction
Description:Road and Sewer Construction for ConAgra Foods
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Midport Marketing Project
Description:Contract for marketing services for industrial park
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Midport Sign Project
Description:Construct signage for industrial park
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
La Forge Property Purchase
Description:Purhcase of Property for new construction
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Rail Spur Improvements
Description:Midport Improvements - Refinanced 1998 G.O. Bonds
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Sanitary Sewer Project
Description:Midport Improvements - Refinanced 199 G.O. Bonds
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Midport Sign Project
Description:Construct signage for industrial park
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 46 of 119 Page 301 of 381
Accurate Gear Development Agreement
Description:Payments to Accurate Gear for new construction
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
ConAgra Development Agreement
Description:Payments to ConAgra for expansion
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Empire Enterprises Development Agreement
Description:Payments to Empire Enterprises for expansion
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Bob and Kaye Huff Development Agreement
Description:Payments to Bob & Kaye Huff for new construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
Anthony & Christopher Huff Development Agreement
Description:
Payments to Anthony & Christopher Huff for new
construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
La Forge, LLC Development Agreement
Description:Payments to La Forge, LLC for new construction
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Ronan & Lisa Schwickerath Development Agreement
Description:Payments to Ronan and Lisa Schwickerath for expansion
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Tournier Manufacturing Development Agreement
Description:Payments to Tournier Manufacturing for new construction
Created: Mon Nov 27 15:58:53 CST 2017
Page 47 of 119 Page 302 of 381
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Cedar Valley Warehouse, LLC Development Agreement
Description:
Payments to Cedar Valley Warehouse, LLC for new
construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
CPM Acquisition Corp Development Agreement
Description:Payments to CPM Acquisition Corp for expansion
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Howard L Allen Investments Development Agreement
Description:
Payments to Howard L Allen Investments for new
construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
M&R Iowa, LLC Development Agreement
Description:Payments to M&R Iowa, LLC for expansion
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
Advanced Heat Treat Development Agreement
Description:Payment to Advanced Heat Treat for Expansion
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Hydrite Chemical Co Development Agreement
Description:Payment to Hydrite Chemical Co for Expansion
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Koelker Properties, LLC Development Agreement
Description:Payment to Koelker Properties, LLC for new construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No Created: Mon Nov 27 15:58:53 CST 2017
Page 48 of 119 Page 303 of 381
Greater Cedar Valley Alliance Contract
Description:Payment to GVCA for Economic Development Services
Classification:Administrative expenses
Physically Complete:No
Payments Complete:Yes
Brownfield Assessment Grant
Description:Payment for Brownfield Assessment Grant Application
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
3730 Wagner Rd Acquisition
Description:Payment for acquisition of 3730 Wagner Rd
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:Yes
Airport Property Release
Description:Payment for Airport Property Release Services
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
Geo-Tech ESAS
Description:Payment for Geo-Technical Services
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
Administrative Expenses
Description:Payment for Administrative Expenses
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
Con Agra Grant
Description:Grant Payment to Con Agra for expansion
Classification:Industrial/manufacturing property
Physically Complete:No
Payments Complete:No
3730 Wagner Rd Platting
Description:Payment for platting services for 3730 Wagner Rd
Created: Mon Nov 27 15:58:53 CST 2017
Page 49 of 119 Page 304 of 381
Classification:Administrative expenses
Physically Complete:No
Payments Complete:No
Cedar Valley Warehouse II Development Agreement
Description:
Payments to Cedar Valley Warehouse II for new
construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:No
Payments Complete:No
MidPort Improvements
Description:Payments for MidPort Improvements
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Wagner Rd San Swr Ext
Description:Payments for San Swr Ext for Wagner lot
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Leversee Rd Development
Description:Payments for development of Leversee Rd Industrial Park
Classification:Commercial - warehouses and distribution facilities
Physically Complete:No
Payments Complete:No
Midport BF Planning Grant
Description:Grant application for BF Planning
Classification:Commercial - warehouses and distribution facilities
Physically Complete:No
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 50 of 119 Page 305 of 381
Debts/Obligations For WATERLOO AIRPORT URBAN RENEWAL
2007 G.O. Bonds (2000 Refinance)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:147,373
Interest:10,570
Total:157,943
Annual Appropriation?:No
Date Incurred:06/30/2007
FY of Last Payment:2017
2012 G.O. Bonds (2003 Refinance)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:6,825
Interest:317
Total:7,142
Annual Appropriation?:No
Date Incurred:06/10/2003
FY of Last Payment:2017
2009 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:50,000
Interest:5,287
Total:55,287
Annual Appropriation?:No
Date Incurred:05/18/2009
FY of Last Payment:2019
2014 G.O. Bonds (2007 Refinance)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:147,376
Interest:10,534
Total:157,910
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2019
2010 G.O. Bonds (2002 Refinance)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:6,913
Interest:164
Total:7,077
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2019
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 51 of 119 Page 306 of 381
ConAgra Rebate
Debt/Obligation Type:Rebates
Principal:3,574,286
Interest:0
Total:3,574,286
Annual Appropriation?:No
Date Incurred:07/07/2008
FY of Last Payment:2029
La Forge, LLC Rebate
Debt/Obligation Type:Rebates
Principal:106,422
Interest:0
Total:106,422
Annual Appropriation?:No
Date Incurred:12/17/2012
FY of Last Payment:2020
Ronan and Lisa Schwickerath Rebate
Debt/Obligation Type:Rebates
Principal:599
Interest:0
Total:599
Annual Appropriation?:No
Date Incurred:03/02/2009
FY of Last Payment:2017
Cedar Valley Warehouse, LLC Rebate
Debt/Obligation Type:Rebates
Principal:87,074
Interest:0
Total:87,074
Annual Appropriation?:No
Date Incurred:09/04/2012
FY of Last Payment:2021
CPM Acquisition Corp Rebate
Debt/Obligation Type:Rebates
Principal:9,334
Interest:0
Total:9,334
Annual Appropriation?:No
Date Incurred:04/11/2011
FY of Last Payment:2018
Howard L Allen Investments Rebate
Debt/Obligation Type:Rebates
Created: Mon Nov 27 15:58:53 CST 2017
Page 52 of 119 Page 307 of 381
Principal:42,104
Interest:0
Total:42,104
Annual Appropriation?:No
Date Incurred:10/04/2010
FY of Last Payment:2019
M&R Iowa, LLC Rebate
Debt/Obligation Type:Rebates
Principal:38,524
Interest:0
Total:38,524
Annual Appropriation?:No
Date Incurred:03/04/2013
FY of Last Payment:2020
Hydrite Chemical Co Rebate
Debt/Obligation Type:Rebates
Principal:15,654
Interest:0
Total:15,654
Annual Appropriation?:No
Date Incurred:12/17/2012
FY of Last Payment:2020
Koelker Properties, LLC Rebate
Debt/Obligation Type:Rebates
Principal:66,869
Interest:0
Total:66,869
Annual Appropriation?:No
Date Incurred:05/20/2013
FY of Last Payment:2022
Greater Cedar Valley Alliance Contract
Debt/Obligation Type:Internal Loans
Principal:16,166
Interest:0
Total:16,166
Annual Appropriation?:No
Date Incurred:01/12/2015
FY of Last Payment:2015
Airport Property Release
Debt/Obligation Type:Internal Loans
Principal:209,600
Interest:0
Total:209,600
Annual Appropriation?:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 53 of 119 Page 308 of 381
Date Incurred:03/04/2013
FY of Last Payment:2015
Administrative Expenses
Debt/Obligation Type:Internal Loans
Principal:10,564
Interest:0
Total:10,564
Annual Appropriation?:No
Date Incurred:06/29/2015
FY of Last Payment:2015
Cedar Valley Warehouse II Rebate
Debt/Obligation Type:Rebates
Principal:74,848
Interest:0
Total:74,848
Annual Appropriation?:No
Date Incurred:09/04/2012
FY of Last Payment:2021
MidPort Improvements
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:93,527
Interest:0
Total:93,527
Annual Appropriation?:No
Date Incurred:07/01/1996
FY of Last Payment:2015
2011 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:11,069
Interest:7,634
Total:18,703
Annual Appropriation?:No
Date Incurred:06/10/2003
FY of Last Payment:2017
Wagner Rd San Swr Ext
Debt/Obligation Type:Internal Loans
Principal:551,703
Interest:0
Total:551,703
Annual Appropriation?:No
Date Incurred:12/19/2016
FY of Last Payment:2017
Leversee Rd Development
Created: Mon Nov 27 15:58:53 CST 2017
Page 54 of 119 Page 309 of 381
Debt/Obligation Type:Internal Loans
Principal:105,173
Interest:0
Total:105,173
Annual Appropriation?:No
Date Incurred:11/07/2016
FY of Last Payment:2017
Midport BF Planning Grant
Debt/Obligation Type:Internal Loans
Principal:3,000
Interest:0
Total:3,000
Annual Appropriation?:No
Date Incurred:07/18/2016
FY of Last Payment:2017
Endeavers (Johnstone Supply )
Debt/Obligation Type:Rebates
Principal:94,090
Interest:0
Total:94,090
Annual Appropriation?:No
Date Incurred:07/29/2015
FY of Last Payment:2023
No Steps (PDCM)
Debt/Obligation Type:Rebates
Principal:27,750
Interest:0
Total:27,750
Annual Appropriation?:No
Date Incurred:06/13/2016
FY of Last Payment:2023
ConAgra (DA 2015 Phase III)
Debt/Obligation Type:Rebates
Principal:5,775,464
Interest:0
Total:5,775,464
Annual Appropriation?:No
Date Incurred:05/26/2015
FY of Last Payment:2038
Created: Mon Nov 27 15:58:53 CST 2017
Page 55 of 119 Page 310 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Non-Rebates For WATERLOO AIRPORT URBAN RENEWAL
TIF Expenditure Amount:157,943
2007 G.O. Bonds (2000 Refinance)
Road and Sewer Construction
TIF Expenditure Amount:18,706
2011 G.O. Bonds
Midport Marketing Project
TIF Expenditure Amount:7,142
2012 G.O. Bonds (2003 Refinance)
Midport Sign Project
TIF Expenditure Amount:17,487
2009 G.O. Bonds
La Forge Property Purchase
TIF Expenditure Amount:51,045
2014 G.O. Bonds (2007 Refinance)
Rail Spur Improvements
TIF Expenditure Amount:7,019
2010 G.O. Bonds (2002 Refinance)
Sanitary Sewer Project
TIF Expenditure Amount:16,166
Greater Cedar Valley Alliance
Contract
Greater Cedar Valley Alliance
Contract
TIF Expenditure Amount:3,000
Airport Property Release
Midport BF Planning Grant
TIF Expenditure Amount:209,600
Airport Property Release
Airport Property Release
TIF Expenditure Amount:10,564
Administrative Expenses
Administrative Expenses
TIF Expenditure Amount:93,527
MidPort Improvements
MidPort Improvements
TIF Expenditure Amount:551,703
Wagner Rd San Swr Ext
Wagner Rd San Swr Ext
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 56 of 119 Page 311 of 381
Tied To Debt:
Tied To Project:
TIF Expenditure Amount:105,173
Leversee Rd Development
Leversee Rd Development
Created: Mon Nov 27 15:58:53 CST 2017
Page 57 of 119 Page 312 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebates For WATERLOO AIRPORT URBAN RENEWAL
2701 Midport Blvd
TIF Expenditure Amount:351,686
ConAgra
ConAgra Rebate
ConAgra Development Agreement
2029
2950 Geraldine Rd
TIF Expenditure Amount:23,700
La Forge, LLC
La Forge, LLC Rebate
La Forge, LLC Development
Agreement
2020
3805 W Airline Hwy
TIF Expenditure Amount:599
Ronan and Lisa Schwickerath
Ronan and Lisa Schwickerath
Rebate
Ronan & Lisa Schwickerath
Development Agreement
2017
2975 Airline Cr
TIF Expenditure Amount:2,840
CPM Acquisition Corp
CPM Acquisition Corp Rebate
CPM Acquisition Corp
Development Agreement
2018
2535 Midport Blvd
TIF Expenditure Amount:11,536
Howard Allen Investments
Howard L Allen Investments
Rebate
Howard L Allen Investments
Development Agreement
2019
2843 Geraldine Rd
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 58 of 119 Page 313 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
TIF Expenditure Amount:18,902
Cedar Valley Warehouse
Cedar Valley Warehouse, LLC
Rebate
Cedar Valley Warehouse, LLC
Development Agreement
2020
2915 Geraldine Rd
TIF Expenditure Amount:11,134
Koelker Properties
Koelker Properties, LLC Rebate
Koelker Properties, LLC
Development Agreement
2022
Created: Mon Nov 27 15:58:53 CST 2017
Page 59 of 119 Page 314 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO AIRPORT URBAN RENEWAL (07010)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO AIRPORT UR TIF INCR
TIF Taxing District Inc. Number: 07164
TIF Taxing District Base Year: 1991
FY TIF Revenue First Received: 2000
Subject to a Statutory end date? No
UR Designation
Slum 01/1995
Blighted 01/1995
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 4,436,290 24,138,890 0 0 28,575,180 0 28,575,180
Taxable 0 0 3,992,661 21,725,001 0 0 25,717,662 0 25,717,662
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 328,820 25,717,662 25,717,662 0 0
FY 2017 TIF Revenue Received: 1,694,532
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO AIRPORT URBAN RENEWAL (07010)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO AIRPORT UR TIF INCR
TIF Taxing District Inc. Number: 07166
TIF Taxing District Base Year: 1991
FY TIF Revenue First Received: 2000
Subject to a Statutory end date? No
UR Designation
Slum 01/1995
Blighted 01/1995
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 20,940 0 0 0 0 0 20,940 0 20,940
Taxable 9,655 0 0 0 0 0 9,655 0 9,655
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 20,440 500 500 0 0
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 60 of 119 Page 315 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO AIRPORT URBAN RENEWAL (07010)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO AIRPORT AMD 1 INCR
TIF Taxing District Inc. Number: 07254
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2007
Subject to a Statutory end date? No
UR Designation
Slum 12/2004
Blighted 12/2004
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 11,377,310 39,098,376 39,807,040 0 -64,748 90,930,562 0 90,930,562
Taxable 0 6,328,740 35,188,539 35,826,336 0 -64,748 77,893,471 0 77,893,471
Homestead Credits 102
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 65,878,850 25,116,460 24,690,812 425,648 14,361
FY 2017 TIF Revenue Received: 0
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO AIRPORT URBAN RENEWAL (07010)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO AIRPORT AMD 1 INCR
TIF Taxing District Inc. Number: 07256
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2011
Subject to a Statutory end date? No
UR Designation
Slum 12/2004
Blighted 12/2004
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 760,560 0 0 0 0 0 760,560 0 760,560
Taxable 350,672 0 0 0 0 0 350,672 0 350,672
Homestead Credits 3
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 636,370 124,190 314,830 -190,640 -4,251
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 61 of 119 Page 316 of 381
Urban Renewal Area Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL
UR Area Number: 07015
UR Area Creation Date: 02/1993
UR Area Purpose:
The plan is intended to strengthen
the economy, promote commercial
and industrial development,
expansion of existing business and
industry and attraction of new
industry.
Tax Districts within this Urban Renewal Area Base
No.
Increment
No.
Increment
Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO NE IND UR TIF INCR 07181 07182 21,316,461
WATERLOO CITY AG/WATERLOO SCH/WATERLOO NE IND UR TIF INCR 07183 07184 311,971
WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD 1 INCR 07263 07264 19,262,018
WATERLOO CITY AG/WATERLOO SCH/WATERLOO NORTHEAST IND AMD 1 INCR 07265 07266 8,790
Urban Renewal Area Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 996,860 800,450 43,054,140 1,730,340 0 -3,704 46,777,286 0 46,777,286
Taxable 459,617 445,258 38,748,726 1,557,306 0 -3,704 41,379,014 0 41,379,014
Homestead Credits 8
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2016: -521,468 0
Amount of 07-01-2016 Cash Balance
Restricted for LMI
TIF Revenue: 1,362,721
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 116,262
Asset Sales & Loan Repayments: 900,978
Total Revenue: 2,379,961
Rebate Expenditures: 0
Non-Rebate Expenditures: 2,593,600
Returned to County Treasurer: 0
Total Expenditures: 2,593,600
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2017: -735,107 0
Amount of 06-30-2017 Cash Balance
Restricted for LMI
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 62 of 119 Page 317 of 381
Projects For WATERLOO NE IND URBAN RENEWAL
New Road Construction
Description:Construct new road for industrial development
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
New Road Construction
Description:Construct new road for industrial development
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
New Road Construction
Description:Construct new road for industrial development
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Ferguson Enterprises Land Acquisition
Description:Purchase of land for Ferguson Enterprises
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Ferguson Enterprises Development Agreement
Description:Payments to Ferguson Enterprises for new construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
Veteran Enterprises, LTD Development Agreement
Description:Payments to Veteran Enterprises for new construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
3137 Independence Ave Acquisition
Description:Acquisition of 3137 Independence Ave
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 63 of 119 Page 318 of 381
Industrial Park Platting
Description:Plat lots for future development
Classification:Administrative expenses
Physically Complete:No
Payments Complete:No
Sanitary Sewer Extension
Description:Construct Sanitary Sewer Extension for Development
Classification:Roads, Bridges & Utilities
Physically Complete:No
Payments Complete:No
Twin City Tannery Development Agreement
Description:Payments to Twin City Tannery for Improvements
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Greater Cedar Valley Alliance Contract
Description:Payment to GVCA for Economic Development Services
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
Administrative Expenses
Description:Payments for Administrative Expenses
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
JDE Engineering Sanitary Sewer, Water Main Design & CRS
Description:Payments to JDE Engineering for utility design and CRS
Classification:Roads, Bridges & Utilities
Physically Complete:No
Payments Complete:Yes
NE Sanitary Sewer, Water Main Project
Description:Payments to Contractor for utility construction
Classification:Roads, Bridges & Utilities
Physically Complete:No
Payments Complete:Yes
Willard Frost Land Acquisition
Description:Payments to Willard Frost for acquisition of land
Classification:Acquisition of property
Created: Mon Nov 27 15:58:53 CST 2017
Page 64 of 119 Page 319 of 381
Physically Complete:Yes
Payments Complete:Yes
Northeast Site Grading
Description:Payments to Contractor for Grading of site
Classification:Industrial/manufacturing property
Physically Complete:No
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 65 of 119 Page 320 of 381
Debts/Obligations For WATERLOO NE IND URBAN RENEWAL
2014 G.O. Bonds (Refinance 2007)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:63,827
Interest:4,562
Total:68,389
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2019
2010 G.O. Bonds (Refinance 2002)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:59
Interest:0
Total:59
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2018
2011 G.O. Bonds (Refinance 2004)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:1,055,000
Interest:66,925
Total:1,121,925
Annual Appropriation?:No
Date Incurred:05/23/2011
FY of Last Payment:2019
2013 G.O. Bonds (Independence Ave Acquisition
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:160,000
Interest:16,662
Total:176,662
Annual Appropriation?:No
Date Incurred:05/28/2013
FY of Last Payment:2023
2013 G.O. Bonds (Platting Lots for development)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:35,000
Interest:3,037
Total:38,037
Annual Appropriation?:No
Date Incurred:05/28/2013
FY of Last Payment:2023
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 66 of 119 Page 321 of 381
2014 G.O. Bonds (Sanitary Sewer Extension)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:255,000
Interest:32,550
Total:287,550
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2024
Greater Cedar Valley Alliance Contract
Debt/Obligation Type:Internal Loans
Principal:16,166
Interest:0
Total:16,166
Annual Appropriation?:No
Date Incurred:12/21/2015
FY of Last Payment:2016
Administrative Expenses
Debt/Obligation Type:Internal Loans
Principal:10,650
Interest:0
Total:10,650
Annual Appropriation?:No
Date Incurred:06/13/2016
FY of Last Payment:2016
NE Sanitary Sewer, Water Main Project
Debt/Obligation Type:Internal Loans
Principal:418,199
Interest:0
Total:418,199
Annual Appropriation?:No
Date Incurred:11/23/2015
FY of Last Payment:2017
GMJ2 Industries (storage facility)
Debt/Obligation Type:Rebates
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:05/26/2015
FY of Last Payment:2023
NE Site Grading
Debt/Obligation Type:Internal Loans
Created: Mon Nov 27 15:58:53 CST 2017
Page 67 of 119 Page 322 of 381
Principal:455,963
Interest:0
Total:455,963
Annual Appropriation?:No
Date Incurred:03/13/2017
FY of Last Payment:2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 68 of 119 Page 323 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Non-Rebates For WATERLOO NE IND URBAN RENEWAL
TIF Expenditure Amount:59
2010 G.O. Bonds (Refinance 2002)
New Road Construction
TIF Expenditure Amount:1,121,925
2011 G.O. Bonds (Refinance 2004)
Ferguson Enterprises Land
Acquisition
TIF Expenditure Amount:68,389
2014 G.O. Bonds (Refinance 2007)
New Road Construction
TIF Expenditure Amount:176,662
2013 G.O. Bonds (Independence
Ave Acquisition
3137 Independence Ave
Acquisition
TIF Expenditure Amount:38,037
2013 G.O. Bonds (Platting Lots for
development)
Industrial Park Platting
TIF Expenditure Amount:287,550
2014 G.O. Bonds (Sanitary Sewer
Extension)
Sanitary Sewer Extension
TIF Expenditure Amount:16,166
Greater Cedar Valley Alliance
Contract
Greater Cedar Valley Alliance
Contract
TIF Expenditure Amount:10,650
Administrative Expenses
Administrative Expenses
TIF Expenditure Amount:418,199
NE Sanitary Sewer, Water Main
Project
NE Sanitary Sewer, Water Main
Project
TIF Expenditure Amount:455,963
NE Site Grading
Northeast Site Grading
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 69 of 119 Page 324 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL (07015)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO NE IND UR TIF INCR
TIF Taxing District Inc. Number: 07182
TIF Taxing District Base Year: 1992
FY TIF Revenue First Received: 1999
Subject to a Statutory end date? No
UR Designation
Slum No
Blighted No
Economic Development 02/1993
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 447,560 21,649,840 1,730,340 0 -1,852 24,025,088 0 24,025,088
Taxable 0 248,959 19,484,856 1,557,306 0 -1,852 21,461,080 0 21,461,080
Homestead Credits 3
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 795,040 21,461,080 21,316,461 144,619 4,879
FY 2017 TIF Revenue Received: 1,362,721
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL (07015)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO NE IND UR TIF INCR
TIF Taxing District Inc. Number: 07184
TIF Taxing District Base Year: 1992
FY TIF Revenue First Received: 2012
Subject to a Statutory end date? No
UR Designation
Slum No
Blighted No
Economic Development 02/1993
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 804,070 0 0 0 0 0 804,070 0 804,070
Taxable 370,728 0 0 0 0 0 370,728 0 370,728
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 572,289 231,781 311,971 -80,190 -1,788
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 70 of 119 Page 325 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL (07015)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD 1
INCR
TIF Taxing District Inc. Number: 07264
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2007
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2027
UR Designation
Slum No
Blighted No
Economic Development 04/2004
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 352,890 21,404,300 0 0 -1,852 21,755,338 0 21,755,338
Taxable 0 196,299 19,263,870 0 0 -1,852 19,458,317 0 19,458,317
Homestead Credits 4
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 615,050 19,458,317 19,262,018 196,299 6,623
FY 2017 TIF Revenue Received: 0
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL (07015)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO NORTHEAST IND AMD 1
INCR
TIF Taxing District Inc. Number: 07266
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2007
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2027
UR Designation
Slum No
Blighted No
Economic Development 04/2004
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 192,790 0 0 0 0 0 192,790 0 192,790
Taxable 88,889 0 0 0 0 0 88,889 0 88,889
Homestead Credits 1
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 301,990 0 8,790 -8,790 -196
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 71 of 119 Page 326 of 381
Urban Renewal Area Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL
UR Area Number: 07016
UR Area Creation Date: 11/1996
UR Area Purpose:
The plan is intended to strengthen
the economy, promote commercial
and industrial development,
expansion of existing business and
industry and attraction of new
industry.
Tax Districts within this Urban Renewal Area Base
No.
Increment
No.
Increment
Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO MARTIN ROAD ECON TIF INCR 07201 07202 4,417,866
WATERLOO CITY AG/WATERLOO SCH/WATERLOO MARTIN ROAD ECON TIF INCR 07203 07204 32,703
WATERLOO CITY/WATERLOO SCH/WATERLOO MARTIN ROAD AMD 1 INCR 07249 07250 12,763,453
WATERLOO CITY AG/WATERLOO SCH/WATERLOO MARTIN ROAD AMD 1 INCR 07251 07252 119,764
Urban Renewal Area Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 348,940 2,018,860 21,019,590 3,059,310 0 0 26,446,700 0 26,446,700
Taxable 160,886 1,123,000 18,917,631 2,753,379 0 0 22,954,896 0 22,954,896
Homestead Credits 2
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2016: -142,937 0
Amount of 07-01-2016 Cash Balance
Restricted for LMI
TIF Revenue: 585,590
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0
Asset Sales & Loan Repayments: 0
Total Revenue: 585,590
Rebate Expenditures: 262,806
Non-Rebate Expenditures: 139,749
Returned to County Treasurer: 0
Total Expenditures: 402,555
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2017: 40,098 0
Amount of 06-30-2017 Cash Balance
Restricted for LMI
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 72 of 119 Page 327 of 381
Projects For WATERLOO MARTIN RD URBAN RENEWAL
Martin Road Construction
Description:Paving of Martin Road
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Denso Sewer Project
Description:Construct Sewer and Utilities to new Denso Site
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Denso Sewer Project
Description:Construct Sewer and Utilities to new Denso Site
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Martin Road Construction
Description:Paving of Martin Rd
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Denso International Construction
Description:Property work for new construction
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Ridgeway Avenue Improvements
Description:Improvements to W Ridgeway Avenue
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Wilbert Burial Vault Development Agreement
Description:Payments to Wilbert Burial Vault for new construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 73 of 119 Page 328 of 381
Young Development Development Agreement
Description:Payments to Young Development for new construction
Classification:Commercial - retail
Physically Complete:Yes
Payments Complete:No
Stephen Riley Development Agreement
Description:Payments to Stepen Riley for new construction
Classification:Commercial - retail
Physically Complete:Yes
Payments Complete:No
Mauer Eye Center Development Agreement
Description:Payments to Mauer Eye Center for new construction
Classification:Commercial - retail
Physically Complete:Yes
Payments Complete:No
JARF Development Agreement
Description:Payments to JARF for new construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
Watessa Development Agreement
Description:Payments to Watessa for new construction
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
Deer Creek Development Agreement
Description:Payments to Deer Creek Development
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
PTL Properties, LLC Development Agreement
Description:Payments to PTL Properties, LLC for new construction
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
SVW Properties, LLC Development Agreement
Description:Payments to SVW Properties, LLC for new construction
Classification:Commercial - office properties
Created: Mon Nov 27 15:58:53 CST 2017
Page 74 of 119 Page 329 of 381
Physically Complete:Yes
Payments Complete:No
Avita Development Agreement
Description:Payments to Avita Development for new construction
Classification:Commercial-Medical
Physically Complete:Yes
Payments Complete:No
Senad Dizdarevic Development Agreement
Description:Payments to Senad Dizdarevic for new construction
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
Harold Youngblut Property Acquisition
Description:Payment to Harold Youngblut for Property Acquisition
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:Yes
Deer Creek Development Grant
Description:Grant Payment to Deer Creek Development
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:Yes
Administrative Expenses
Description:Payments for administrative expenses
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
Prairie Legacy Ventures (Hawkeye Stages) Grant
Description:
Payment to Hawkeye Stages for Economic Development
Grant
Classification:Commercial - warehouses and distribution facilities
Physically Complete:No
Payments Complete:Yes
AS Commercial (Wienands) Grant
Description:Payments to Wienands for Economic Development Grant
Classification:Commercial - office properties
Physically Complete:No
Payments Complete:Yes
Created: Mon Nov 27 15:58:53 CST 2017
Page 75 of 119 Page 330 of 381
Property Acquisition
Description:Acquisition of property for future economic development
Classification:Acquisition of property
Physically Complete:No
Payments Complete:No
Baldwin Grant
Description:Grant to Baldwins for land for Project
Classification:Commercial - warehouses and distribution facilities
Physically Complete:No
Payments Complete:Yes
Baldwin Grant Credit
Description:Credit for Baldwin Grant for land for Project
Classification:Commercial - warehouses and distribution facilities
Physically Complete:No
Payments Complete:Yes
Created: Mon Nov 27 15:58:53 CST 2017
Page 76 of 119 Page 331 of 381
Debts/Obligations For WATERLOO MARTIN RD URBAN RENEWAL
2013 G.O. Bonds (2006 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:50,000
Interest:2,876
Total:52,876
Annual Appropriation?:No
Date Incurred:05/22/2006
FY of Last Payment:2021
2007 G.O.Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:10,000
Interest:560
Total:10,560
Annual Appropriation?:No
Date Incurred:05/29/2007
FY of Last Payment:2017
2014 G.O. Bonds (2007 Refinance)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:25,184
Interest:1,800
Total:26,984
Annual Appropriation?:No
Date Incurred:05/29/2007
FY of Last Payment:2019
2010 G.O. Bonds (2002 Refinance)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:8,353
Interest:276
Total:8,629
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2018
2011 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:80,000
Interest:21,022
Total:101,022
Annual Appropriation?:No
Date Incurred:05/23/2011
FY of Last Payment:2026
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 77 of 119 Page 332 of 381
Wilbert Burial Vault Rebate
Debt/Obligation Type:Rebates
Principal:14,604
Interest:0
Total:14,604
Annual Appropriation?:No
Date Incurred:10/25/2004
FY of Last Payment:2016
Young Development Rebate
Debt/Obligation Type:Rebates
Principal:18,093
Interest:0
Total:18,093
Annual Appropriation?:Yes
Date Incurred:09/18/2006
FY of Last Payment:2018
Watessa Rebate
Debt/Obligation Type:Rebates
Principal:97,352
Interest:0
Total:97,352
Annual Appropriation?:No
Date Incurred:09/02/2008
FY of Last Payment:2021
Deer Creek Development Rebate
Debt/Obligation Type:Other Debt
Principal:1,800,000
Interest:0
Total:1,800,000
Annual Appropriation?:No
Date Incurred:10/16/2006
FY of Last Payment:2026
PTL Properties, LLC Rebate
Debt/Obligation Type:Rebates
Principal:53,544
Interest:0
Total:53,544
Annual Appropriation?:No
Date Incurred:09/21/2009
FY of Last Payment:2022
SVW Properties, LLC Rebate
Debt/Obligation Type:Rebates
Created: Mon Nov 27 15:58:53 CST 2017
Page 78 of 119 Page 333 of 381
Principal:55,042
Interest:0
Total:55,042
Annual Appropriation?:No
Date Incurred:09/21/2009
FY of Last Payment:2022
Avita Rebate
Debt/Obligation Type:Rebates
Principal:113,358
Interest:0
Total:113,358
Annual Appropriation?:No
Date Incurred:05/20/2013
FY of Last Payment:2023
Senad Dizdarevic Rebate
Debt/Obligation Type:Rebates
Principal:78,018
Interest:0
Total:78,018
Annual Appropriation?:No
Date Incurred:02/03/2014
FY of Last Payment:2025
2015 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:52,000
Interest:7,416
Total:59,416
Annual Appropriation?:No
Date Incurred:06/09/2015
FY of Last Payment:2025
Administrative Expenses
Debt/Obligation Type:Internal Loans
Principal:11,134
Interest:0
Total:11,134
Annual Appropriation?:No
Date Incurred:06/13/2016
FY of Last Payment:2016
2016 G.O. Bonds (Fund 416)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:300,000
Interest:31,963
Total:331,963
Annual Appropriation?:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 79 of 119 Page 334 of 381
Date Incurred:05/23/2016
FY of Last Payment:2026
BCS Properties (Reserves at Ridgeway) Rebate
Debt/Obligation Type:Rebates
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:03/30/2015
FY of Last Payment:2022
M & K Electric Rebate
Debt/Obligation Type:Rebates
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:08/08/2016
FY of Last Payment:2024
2017 G.O. Bonds (fund417)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:1,800,000
Interest:439,586
Total:2,239,586
Annual Appropriation?:No
Date Incurred:06/01/2016
FY of Last Payment:2032
GO Bond 414 Taxable (transfered from Rath)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:220,000
Interest:34,999
Total:254,999
Annual Appropriation?:No
Date Incurred:06/09/2015
FY of Last Payment:2025
JAS INvestments (Gubbels) Rebates
Debt/Obligation Type:Rebates
Principal:198,374
Interest:0
Total:198,374
Annual Appropriation?:No
Date Incurred:03/28/2016
FY of Last Payment:2028
Prairie Legacy Ventures (Hawkeye Stages) Rebates
Created: Mon Nov 27 15:58:53 CST 2017
Page 80 of 119 Page 335 of 381
Debt/Obligation Type:Rebates
Principal:229,626
Interest:0
Total:229,626
Annual Appropriation?:No
Date Incurred:09/14/2015
FY of Last Payment:2028
Baldwin Grant
Debt/Obligation Type:Other Debt
Principal:75,000
Interest:0
Total:75,000
Annual Appropriation?:No
Date Incurred:11/07/2016
FY of Last Payment:2017
Baldwin Grant Credit
Debt/Obligation Type:Other Debt
Principal:-75,000
Interest:0
Total:-75,000
Annual Appropriation?:No
Date Incurred:11/07/2016
FY of Last Payment:2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 81 of 119 Page 336 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Non-Rebates For WATERLOO MARTIN RD URBAN RENEWAL
TIF Expenditure Amount:10,856
2013 G.O. Bonds (2006
Refinanced)
Denso Sewer Project
TIF Expenditure Amount:10,560
2007 G.O.Bonds
Denso International Construction
TIF Expenditure Amount:8,723
2014 G.O. Bonds (2007 Refinance)
Martin Road Construction
TIF Expenditure Amount:4,273
2010 G.O. Bonds (2002 Refinance)
Ridgeway Avenue Improvements
TIF Expenditure Amount:8,157
2011 G.O. Bonds
Ridgeway Avenue Improvements
TIF Expenditure Amount:11,134
Administrative Expenses
Administrative Expenses
TIF Expenditure Amount:6,299
2015 G.O. Bonds
Property Acquisition
TIF Expenditure Amount:34,648
2016 G.O. Bonds (Fund 416)
Prairie Legacy Ventures (Hawkeye
Stages) Grant
TIF Expenditure Amount:45,099
GO Bond 414 Taxable (transfered
from Rath)
AS Commercial (Wienands) Grant
TIF Expenditure Amount:75,000
Baldwin Grant
Baldwin Grant
TIF Expenditure Amount:-75,000
Baldwin Grant Credit
Baldwin Grant Credit
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 82 of 119 Page 337 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebates For WATERLOO MARTIN RD URBAN RENEWAL
3200-3210 Marnie Ave
TIF Expenditure Amount:14,604
Wilbert Burial Vault
Wilbert Burial Vault Rebate
Wilbert Burial Vault Development
Agreement
2017
3353 Marnie Ave
TIF Expenditure Amount:8,994
Young Development (County
Estates Fence)
Young Development Rebate
Young Development Development
Agreement
2019
3121 Greyhound Dr
TIF Expenditure Amount:16,600
Watessa
Watessa Rebate
Watessa Development Agreement
2021
Greenbelt Center
TIF Expenditure Amount:200,000
Deer Creek Development
Deer Creek Development Rebate
Deer Creek Development
Agreement
2026
3013 Greyhound Dr
TIF Expenditure Amount:1,034
PTL Properties, LLC
PTL Properties, LLC Rebate
PTL Properties, LLC Development
Agreement
2022
3015 Greyhound Dr
TIF Expenditure Amount:602
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 83 of 119 Page 338 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
SVW Properties, LLC
SVW Properties, LLC Rebate
SVW Properties, LLC
Development Agreement
2022
2413 W Ridgeway Ave
TIF Expenditure Amount:16,050
Avita Developments, LLC
Avita Rebate
Avita Development Agreement
2023
3135 Marnie Ave
TIF Expenditure Amount:4,922
Senad Dizdarevic
Senad Dizdarevic Rebate
Senad Dizdarevic Development
Agreement
2026
Created: Mon Nov 27 15:58:53 CST 2017
Page 84 of 119 Page 339 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL (07016)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO MARTIN ROAD ECON TIF
INCR
TIF Taxing District Inc. Number: 07202
TIF Taxing District Base Year: 1996
FY TIF Revenue First Received: 1999
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2019
UR Designation
Slum No
Blighted No
Economic Development 04/1994
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 189,820 5,738,220 2,288,320 0 0 8,216,360 0 8,216,360
Taxable 0 105,588 5,164,398 2,059,488 0 0 7,329,474 0 7,329,474
Homestead Credits 2
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 3,525,930 4,690,430 4,417,866 272,564 9,196
FY 2017 TIF Revenue Received: 585,590
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL (07016)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO MARTIN ROAD ECON TIF
INCR
TIF Taxing District Inc. Number: 07204
TIF Taxing District Base Year: 1996
FY TIF Revenue First Received: 2013
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2033
UR Designation
Slum No
Blighted No
Economic Development 11/1996
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 89,190 0 0 0 0 0 89,190 0 89,190
Taxable 41,122 0 0 0 0 0 41,122 0 41,122
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 62,010 27,180 32,703 -5,523 -123
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 85 of 119 Page 340 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL (07016)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO MARTIN ROAD AMD 1 INCR
TIF Taxing District Inc. Number: 07250
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2007
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2027
UR Designation
Slum No
Blighted No
Economic Development 08/2004
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 1,829,040 15,281,370 770,990 0 0 17,881,400 0 17,881,400
Taxable 0 1,017,412 13,753,233 693,891 0 0 15,464,536 0 15,464,536
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 4,244,460 13,636,940 12,763,453 873,487 29,471
FY 2017 TIF Revenue Received: 0
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL (07016)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO MARTIN ROAD AMD 1
INCR
TIF Taxing District Inc. Number: 07252
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2011
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2031
UR Designation
Slum No
Blighted No
Economic Development 08/2004
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 259,750 0 0 0 0 0 259,750 0 259,750
Taxable 119,764 0 0 0 0 0 119,764 0 119,764
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 118,470 119,764 119,764 0 0
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 86 of 119 Page 341 of 381
Urban Renewal Area Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL
UR Area Number: 07030
UR Area Creation Date: 04/1999
UR Area Purpose:
The plan is intended to strengthen
the economy, promote commercial
and industrial development,
expansion of existing business and
industry and attraction of new
industry.
Tax Districts within this Urban Renewal Area Base
No.
Increment
No.
Increment
Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN UR TIF INCR 07217 07218 5,354,550
WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN AMD 1 INCR 07257 07258 30,570,060
WATERLOO CITY AG/WATERLOO SCH/WATERLOO SAN MARNAN AMD 1 INCR 07259 07260 919,079
Urban Renewal Area Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 1,993,370 1,434,670 43,054,610 0 0 0 46,482,650 0 46,482,650
Taxable 919,079 798,052 38,749,149 0 0 0 40,466,280 0 40,466,280
Homestead Credits 5
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2016: -370,567 0
Amount of 07-01-2016 Cash Balance
Restricted for LMI
TIF Revenue: 1,233,722
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 19,729
Asset Sales & Loan Repayments: 0
Total Revenue: 1,253,451
Rebate Expenditures: 380,796
Non-Rebate Expenditures: 306,990
Returned to County Treasurer: 0
Total Expenditures: 687,786
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2017: 195,098 0
Amount of 06-30-2017 Cash Balance
Restricted for LMI
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 87 of 119 Page 342 of 381
Projects For WATERLOO SAN MARNAN URBAN RENEWAL
Tower Park Drive & Sewer Construction
Description:Construct Tower Park Drive and Extend Sewer
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
CBE Land Acquisition
Description:Purchase of land for new construction
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
VGM Land Acquisition
Description:Acquisition of property for VGM expansion
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
JJB Properties, LLC Development Agreement
Description:Payments to JJB Properties, LLC for new construction
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
WW Grainger, Inc. Development Agreement
Description:Payments to WW Grainger, Inc for new construction
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
VGM Office Expansion Project
Description:Grant for expansion of VGM office
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
San Marnan Dr Road Improvements Project
Description:Median cut and left turn lane on San Marnan
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 88 of 119 Page 343 of 381
L&H Farms Property Acquisition Bond Project
Description:Acquisition of property from L& H Farms
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
Cardinal Construction, Inc. Development Agreement
Description:
Payments to Cardinal Construction for new construction of
medical office
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
MBAK Properties, LLC Development Agreement
Description:Payments to MBAK Properties, LLC for new construction
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
Cardinal Construction, Inc. Development Agreement
Description:
Payments to Cardinal Construction, Inc. for new
construction of Veterans Clinic
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
MFGC, LLC Development Agreement
Description:Payments to MFGC, LLC for new construction
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
L&H Farms Property Acquisition
Description:Acquisition of Property from L&H Farms
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
L&H Farms Property Acquisition
Description:Acquisition of property from L&H Farms
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
L&H Farms Property Acquisition
Created: Mon Nov 27 15:58:53 CST 2017
Page 89 of 119 Page 344 of 381
Description:Acquisition of property from L&H Farms
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
L&H Farms Property Acquisition
Description:Acquisition of property from L&H Farms
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:No
L&H Farms Property Acquisition
Description:Acquisition of Property from L&H Farms
Classification:Acquisition of property
Physically Complete:No
Payments Complete:Yes
Greater Cedar Valley Alliance Contract
Description:Payment to GCVA for Economic Development Services
Classification:Administrative expenses
Physically Complete:No
Payments Complete:Yes
L&H Farms Acquisition
Description:Payment to L&H Farms for property acquisition
Classification:Acquisition of property
Physically Complete:No
Payments Complete:Yes
Administrative Expenses
Description:Payment for Administrative Expenses
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
San Marnan Management, Ltd Grant
Description:Payment to San Marnan Management, Ltd
Classification:Commercial - office properties
Physically Complete:No
Payments Complete:No
Galactic/Fitzway Drive Extension
Description:Payment for extension of Galactic/Fitzway Dr
Classification:Roads, Bridges & Utilities
Physically Complete:No
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 90 of 119 Page 345 of 381
Fisher Dr Sanitary Sewer Extension
Description:Payment for sanitary sewer extension
Classification:Roads, Bridges & Utilities
Physically Complete:No
Payments Complete:No
GO America, LLC Development Agreement
Description:Payments to GO America, LLC for new construction
Classification:Commercial-Medical
Physically Complete:Yes
Payments Complete:No
Hope Martin Anderson
Description:
Payments to Hope Martin Anderson for new Commercial
building
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
South Waterloo Business Park Site Certification
Description:
Expenses for the site certification of South Waterloo
Buisness Park
Classification:Administrative expenses
Physically Complete:No
Payments Complete:No
Green Acres Storage
Description:
Payment to Green Acres LLC for comstruction of new
commercial building
Classification:Commercial - warehouses and distribution facilities
Physically Complete:Yes
Payments Complete:No
San Marnan Road Reconfiguration
Description:Lane Adjustment near VGM
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
VGM Rebates
Description:Rebates for VGM Expansion
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
Taylor Ventures Rebates
Created: Mon Nov 27 15:58:53 CST 2017
Page 91 of 119 Page 346 of 381
Description:Rebates for construction of new vet clinic
Classification:Commercial - office properties
Physically Complete:No
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 92 of 119 Page 347 of 381
Debts/Obligations For WATERLOO SAN MARNAN URBAN RENEWAL
2012 G.O. Bonds (2005 Refinanced) CBE
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:240,000
Interest:13,377
Total:253,377
Annual Appropriation?:No
Date Incurred:06/09/2005
FY of Last Payment:2020
2012 G.O. Bonds (2005 Refinanced) VGM
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:190,000
Interest:10,674
Total:200,674
Annual Appropriation?:No
Date Incurred:06/09/2005
FY of Last Payment:2020
JJB Properties, LLC Rebate
Debt/Obligation Type:Rebates
Principal:57,112
Interest:0
Total:57,112
Annual Appropriation?:No
Date Incurred:11/13/2007
FY of Last Payment:2018
WW Grainger, Inc. Rebate
Debt/Obligation Type:Rebates
Principal:157,620
Interest:0
Total:157,620
Annual Appropriation?:No
Date Incurred:03/17/2008
FY of Last Payment:2018
2013 G.O. Bonds (2006 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:190,000
Interest:11,504
Total:201,504
Annual Appropriation?:No
Date Incurred:05/22/2006
FY of Last Payment:2021
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 93 of 119 Page 348 of 381
2007 G.O. Bonds(San Marnan Development)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:15,000
Interest:840
Total:15,840
Annual Appropriation?:No
Date Incurred:05/29/2007
FY of Last Payment:2017
2008 G.O. Bonds (San Marnan Development
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:50,000
Interest:3,750
Total:53,750
Annual Appropriation?:No
Date Incurred:05/05/2008
FY of Last Payment:2018
MBAK Properties, LLC Rebate
Debt/Obligation Type:Rebates
Principal:47,398
Interest:0
Total:47,398
Annual Appropriation?:No
Date Incurred:06/14/2010
FY of Last Payment:2021
Cardinal Construction, Inc. Rebate
Debt/Obligation Type:Rebates
Principal:46,934
Interest:0
Total:46,934
Annual Appropriation?:No
Date Incurred:09/30/2010
FY of Last Payment:2023
MFGC, LLC Rebate
Debt/Obligation Type:Rebates
Principal:23,898
Interest:0
Total:23,898
Annual Appropriation?:No
Date Incurred:09/04/2012
FY of Last Payment:2025
2007 G.O. Bonds(Reallocated bonds Logan Ave)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Created: Mon Nov 27 15:58:53 CST 2017
Page 94 of 119 Page 349 of 381
Principal:3,828
Interest:214
Total:4,042
Annual Appropriation?:No
Date Incurred:05/29/2007
FY of Last Payment:2017
2007 G.O. Bonds (Reallocated Bonds Martin Rd)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:9,614
Interest:538
Total:10,152
Annual Appropriation?:No
Date Incurred:05/29/2007
FY of Last Payment:2017
2008 G.O. Bonds(Reallocated Bonds Logan Ave)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:20,000
Interest:1,500
Total:21,500
Annual Appropriation?:No
Date Incurred:05/05/2008
FY of Last Payment:2018
2008 G.O. Bonds (Reallocated Bonds Martin Rd)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:20,000
Interest:1,500
Total:21,500
Annual Appropriation?:No
Date Incurred:05/05/2008
FY of Last Payment:2018
Greater Cedar Valley Alliance
Debt/Obligation Type:Other Debt
Principal:16,166
Interest:0
Total:16,166
Annual Appropriation?:No
Date Incurred:06/22/2015
FY of Last Payment:2017
Administrative Expenses
Debt/Obligation Type:Internal Loans
Principal:6,955
Interest:0
Total:6,955
Annual Appropriation?:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 95 of 119 Page 350 of 381
Date Incurred:06/29/2015
FY of Last Payment:2017
GO America, LLC Rebate
Debt/Obligation Type:Rebates
Principal:37,660
Interest:0
Total:37,660
Annual Appropriation?:No
Date Incurred:08/10/2008
FY of Last Payment:2019
Hope Martin Anderson (100 Anderson Drive)
Debt/Obligation Type:Rebates
Principal:10,174
Interest:0
Total:10,174
Annual Appropriation?:No
Date Incurred:02/08/2010
FY of Last Payment:2019
Green Acres Storage
Debt/Obligation Type:Rebates
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:06/01/2015
FY of Last Payment:2025
South Waterloo Buisness Park Site Certification
Debt/Obligation Type:Other Debt
Principal:1,410
Interest:0
Total:1,410
Annual Appropriation?:No
Date Incurred:06/13/2016
FY of Last Payment:2017
San Marnan Reconfiguration
Debt/Obligation Type:Other Debt
Principal:54,967
Interest:0
Total:54,967
Annual Appropriation?:No
Date Incurred:06/01/2017
FY of Last Payment:2017
VGM Rebates
Created: Mon Nov 27 15:58:53 CST 2017
Page 96 of 119 Page 351 of 381
Debt/Obligation Type:Rebates
Principal:1,651,293
Interest:0
Total:1,651,293
Annual Appropriation?:No
Date Incurred:04/27/2015
FY of Last Payment:2029
Taylor Ventures Rebates
Debt/Obligation Type:Rebates
Principal:276,729
Interest:0
Total:276,729
Annual Appropriation?:No
Date Incurred:02/15/2016
FY of Last Payment:2026
Created: Mon Nov 27 15:58:53 CST 2017
Page 97 of 119 Page 352 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Non-Rebates For WATERLOO SAN MARNAN URBAN RENEWAL
TIF Expenditure Amount:60,301
2012 G.O. Bonds (2005
Refinanced) CBE
CBE Land Acquisition
TIF Expenditure Amount:49,230
2012 G.O. Bonds (2005
Refinanced) VGM
VGM Land Acquisition
TIF Expenditure Amount:15,840
2007 G.O. Bonds(San Marnan
Development)
San Marnan Dr Road
Improvements Project
TIF Expenditure Amount:27,500
2008 G.O. Bonds (San Marnan
Development
L&H Farms Property Acquisition
Bond Project
TIF Expenditure Amount:38,427
2013 G.O. Bonds (2006
Refinanced)
VGM Office Expansion Project
TIF Expenditure Amount:4,042
2007 G.O. Bonds(Reallocated
bonds Logan Ave)
L&H Farms Property Acquisition
TIF Expenditure Amount:10,152
2007 G.O. Bonds (Reallocated
Bonds Martin Rd)
L&H Farms Property Acquisition
TIF Expenditure Amount:11,000
2008 G.O. Bonds(Reallocated
Bonds Logan Ave)
L&H Farms Property Acquisition
TIF Expenditure Amount:11,000
2008 G.O. Bonds (Reallocated
Bonds Martin Rd)
L&H Farms Property Acquisition
TIF Expenditure Amount:16,166
Greater Cedar Valley Alliance
Greater Cedar Valley Alliance
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 98 of 119 Page 353 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Contract
TIF Expenditure Amount:6,955
Administrative Expenses
Administrative Expenses
TIF Expenditure Amount:54,967
San Marnan Reconfiguration
San Marnan Road Reconfiguration
TIF Expenditure Amount:1,410
South Waterloo Buisness Park Site
Certification
South Waterloo Business Park Site
Certification
Created: Mon Nov 27 15:58:53 CST 2017
Page 99 of 119 Page 354 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebates For WATERLOO SAN MARNAN URBAN RENEWAL
827 Fisher Dr
TIF Expenditure Amount:157,620
WW Grainger, Inc.
WW Grainger, Inc. Rebate
WW Grainger, Inc. Development
Agreement
2018
816 Tower Park Dr
TIF Expenditure Amount:57,112
JJB Properties, LLC
JJB Properties, LLC Rebate
JJB Properties, LLC Development
Agreement
2018
815 Tower Park Dr
TIF Expenditure Amount:37,660
GO America, LLC
MBAK Properties, LLC Rebate
Cardinal Construction, Inc.
Development Agreement
2019
4015 Hurst Dr
TIF Expenditure Amount:47,398
MBAK Properties, LLC
MBAK Properties, LLC Rebate
MBAK Properties, LLC
Development Agreement
2021
945 Tower Park Dr
TIF Expenditure Amount:46,934
Cardinal Construction, Inc.
Cardinal Construction, Inc. Rebate
Cardinal Construction, Inc.
Development Agreement
2023
100 Anderson Dr
TIF Expenditure Amount:10,174
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 100 of 119 Page 355 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Hope Martin Anderson
Hope Martin Anderson (100
Anderson Drive)
Hope Martin Anderson
2019
836 Tower Park Dr
TIF Expenditure Amount:23,898
MFGC, LLC
MFGC, LLC Rebate
MFGC, LLC Development
Agreement
2025
Created: Mon Nov 27 15:58:53 CST 2017
Page 101 of 119 Page 356 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL (07030)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN UR TIF INCR
TIF Taxing District Inc. Number: 07218
TIF Taxing District Base Year: 1999
FY TIF Revenue First Received: 2002
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2022
UR Designation
Slum No
Blighted No
Economic Development 04/1999
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 5,949,500 0 0 0 5,949,500 0 5,949,500
Taxable 0 0 5,354,550 0 0 0 5,354,550 0 5,354,550
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 0 5,354,550 5,354,550 0 0
FY 2017 TIF Revenue Received: 0
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL (07030)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN AMD 1 INCR
TIF Taxing District Inc. Number: 07258
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2007
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2027
UR Designation
Slum No
Blighted No
Economic Development 12/2004
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 1,434,670 37,105,110 0 0 0 38,539,780 0 38,539,780
Taxable 0 798,052 33,394,599 0 0 0 34,192,651 0 34,192,651
Homestead Credits 5
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 7,767,310 30,772,470 30,570,060 202,410 6,829
FY 2017 TIF Revenue Received: 1,233,722
Created: Mon Nov 27 15:58:53 CST 2017
Page 102 of 119 Page 357 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL (07030)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO SAN MARNAN AMD 1
INCR
TIF Taxing District Inc. Number: 07260
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2011
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2031
UR Designation
Slum No
Blighted No
Economic Development 12/2004
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 1,993,370 0 0 0 0 0 1,993,370 0 1,993,370
Taxable 919,079 0 0 0 0 0 919,079 0 919,079
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 870,610 919,079 919,079 0 0
FY 2017 TIF Revenue Received: 0
▲ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 103 of 119 Page 358 of 381
Urban Renewal Area Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO LOGAN URBAN RENEWAL
UR Area Number: 07035
UR Area Creation Date: 01/2004
UR Area Purpose:
The plan is intended to strengthen
the economy, promote commercial
and industrial development,
expansion of existing business and
industry, and attraction of new
industry.
Tax Districts within this Urban Renewal Area Base
No.
Increment
No.
Increment
Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO LOGAN UR TIF INCR 07235 07236 8,547,078
WATERLOO CITY AG/WATERLOO SCH/WATERLOO LOGAN UR TIF INCR 07237 07238 18,964
WATERLOO CITY/WATERLOO SCH WATERLOO LOGAN UR TIF AMD1 INCR 07317 07318 0
WATERLOO CITY/WATERLOO SCH WATERLOO AG LOGAN UR TIF AMD1 INCR 07319 07320 0
Urban Renewal Area Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 41,130 90,627,910 28,995,840 985,550 0 -320,835 121,584,595 0 121,584,595
Taxable 18,964 50,412,665 26,096,256 886,995 0 -320,835 78,176,483 0 78,176,483
Homestead Credits 976
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2016: 345,185 0
Amount of 07-01-2016 Cash Balance
Restricted for LMI
TIF Revenue: 288,801
TIF Sp. Revenue Fund Interest: 1,557
Property Tax Replacement Claims 0
Asset Sales & Loan Repayments: 0
Total Revenue: 290,358
Rebate Expenditures: 82,718
Non-Rebate Expenditures: 180,664
Returned to County Treasurer: 0
Total Expenditures: 263,382
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2017: 372,161 0
Amount of 06-30-2017 Cash Balance
Restricted for LMI
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 104 of 119 Page 359 of 381
Projects For WATERLOO LOGAN URBAN RENEWAL
Hy-Vee Lease Payments
Description:Payments to Hy-Vee for property lease
Classification:Commercial - retail
Physically Complete:Yes
Payments Complete:No
Grant Writing Consultant
Description:Payments to consultant for grant writing
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Grant Writing Consultant
Description:Payments to consultant for grant writing
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Government Relations Consultant
Description:Payments to consultant for government relations
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Endeavor Consultant
Description:Payments for consultant work
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Grant Writing Consultant
Description:Payments to consultant for grant writing
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:No
Walgreens Development Agreement
Description:Payments to Walgreens for new construction
Classification:Commercial - retail
Physically Complete:Yes
Payments Complete:No
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 105 of 119 Page 360 of 381
Avita Development Agreement
Description:Payments to Avita for new construction
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
CVS Pharmacy Development Agreement
Description:Payments to CVS Pharmacy for new construction
Classification:Commercial - retail
Physically Complete:Yes
Payments Complete:No
KWWL
Description:Payments to KWWL for redevelopment
Classification:Commercial - office properties
Physically Complete:No
Payments Complete:No
Institute for Decision Making Contract
Description:
Payment for Institute for Decision Making for Professional
Services
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
Administrative Expenses
Description:Administrative Expenses
Classification:Administrative expenses
Physically Complete:Yes
Payments Complete:Yes
Logan Plaza - Ben Stroh
Description:
Payments (Rebates) to Ben Stroh for Logan Plaza
redevelopment
Classification:Commercial - retail
Physically Complete:No
Payments Complete:No
KWWL Parking Lot Purchase
Description:Purchase of Parking lot from KWWL for redevelopment
Classification:Acquisition of property
Physically Complete:Yes
Payments Complete:Yes
Buxton Logan Plaza Consultant
Created: Mon Nov 27 15:58:53 CST 2017
Page 106 of 119 Page 361 of 381
Description:Consultant payment for retail at Logan Plaza
Classification:Commercial - retail
Physically Complete:No
Payments Complete:No
Created: Mon Nov 27 15:58:53 CST 2017
Page 107 of 119 Page 362 of 381
Debts/Obligations For WATERLOO LOGAN URBAN RENEWAL
2012 G.O. Bonds (2005 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:06/09/2005
FY of Last Payment:2020
2013 G.O. Bonds (2006 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:19,200
Interest:1,438
Total:20,638
Annual Appropriation?:No
Date Incurred:06/30/2013
FY of Last Payment:2021
2010 G.O. Bonds
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:40,000
Interest:3,900
Total:43,900
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2020
2010 G.O. Bonds (2002 Refinanced)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:5,035
Interest:237
Total:5,272
Annual Appropriation?:No
Date Incurred:05/24/2010
FY of Last Payment:2019
Walgreens Rebate
Debt/Obligation Type:Rebates
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:01/20/2009
FY of Last Payment:2017
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 108 of 119 Page 363 of 381
Avita Rebate
Debt/Obligation Type:Rebates
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:05/05/2008
FY of Last Payment:2019
CVS Pharmacy Rebate
Debt/Obligation Type:Rebates
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:02/20/2012
FY of Last Payment:2021
KWWL
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:350,000
Interest:43,650
Total:393,650
Annual Appropriation?:No
Date Incurred:05/12/2014
FY of Last Payment:2024
Institute for Decision Making
Debt/Obligation Type:Other Debt
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:11/10/2014
FY of Last Payment:2015
Administrative Expenses
Debt/Obligation Type:Other Debt
Principal:0
Interest:0
Total:0
Annual Appropriation?:No
Date Incurred:06/29/2015
FY of Last Payment:2015
2017 G. O Bond (Logan Plaza)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Created: Mon Nov 27 15:58:53 CST 2017
Page 109 of 119 Page 364 of 381
Principal:8,100,000
Interest:2,681,451
Total:10,781,451
Annual Appropriation?:No
Date Incurred:06/01/2017
FY of Last Payment:2035
KWWL Parking lot Purchase
Debt/Obligation Type:Other Debt
Principal:59,124
Interest:0
Total:59,124
Annual Appropriation?:No
Date Incurred:06/24/2013
FY of Last Payment:2017
Buxton Consulting Logan Plaza
Debt/Obligation Type:Other Debt
Principal:50,000
Interest:0
Total:50,000
Annual Appropriation?:No
Date Incurred:09/26/2016
FY of Last Payment:2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 110 of 119 Page 365 of 381
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Non-Rebates For WATERLOO LOGAN URBAN RENEWAL
TIF Expenditure Amount:5,645
2012 G.O. Bonds (2005
Refinanced)
Hy-Vee Lease Payments
TIF Expenditure Amount:4,278
2013 G.O. Bonds (2006
Refinanced)
Government Relations Consultant
TIF Expenditure Amount:11,525
2010 G.O. Bonds
Grant Writing Consultant
TIF Expenditure Amount:1,842
2010 G.O. Bonds (2002
Refinanced)
Walgreens Development
Agreement
TIF Expenditure Amount:48,250
KWWL
KWWL
TIF Expenditure Amount:50,000
Buxton Consulting Logan Plaza
Buxton Logan Plaza Consultant
TIF Expenditure Amount:59,124
KWWL Parking lot Purchase
KWWL Parking Lot Purchase
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 111 of 119 Page 366 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebates For WATERLOO LOGAN URBAN RENEWAL
1850 Logan Ave
TIF Expenditure Amount:42,836
Walgreens
Walgreens Rebate
Walgreens Development
Agreement
2016
419 E Donald St
TIF Expenditure Amount:39,882
Avita
Avita Rebate
Avita Development Agreement
2018
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 112 of 119 Page 367 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO LOGAN URBAN RENEWAL (07035)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO LOGAN UR TIF INCR
TIF Taxing District Inc. Number: 07236
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2007
Subject to a Statutory end date? No
UR Designation
Slum No
Blighted 01/2004
Economic Development 01/2004
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 722,190 11,933,950 0 0 -1,852 12,654,288 0 12,654,288
Taxable 0 401,724 10,740,555 0 0 -1,852 11,140,427 0 11,140,427
Homestead Credits 2
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 4,109,550 8,546,590 8,547,078 -488 -16
FY 2017 TIF Revenue Received: 288,801
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO LOGAN URBAN RENEWAL (07035)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO LOGAN UR TIF INCR
TIF Taxing District Inc. Number: 07238
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2011
Subject to a Statutory end date? No
UR Designation
Slum No
Blighted 01/2004
Economic Development 01/2004
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 41,130 0 0 0 0 0 41,130 0 41,130
Taxable 18,964 0 0 0 0 0 18,964 0 18,964
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 14,030 18,964 18,964 0 0
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 113 of 119 Page 368 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO LOGAN URBAN RENEWAL (07035)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH WATERLOO LOGAN UR TIF AMD1 INCR
TIF Taxing District Inc. Number: 07318
TIF Taxing District Base Year: 2014
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR Designation
Slum No
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 89,905,720 17,061,890 985,550 0 -318,983 108,889,177 0 108,889,177
Taxable 0 50,010,941 15,355,701 886,995 0 -318,983 67,017,092 0 67,017,092
Homestead Credits 974
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 111,828,390 0 0 0 0
FY 2017 TIF Revenue Received: 0
♣ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO LOGAN URBAN RENEWAL (07035)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH WATERLOO AG LOGAN UR TIF AMD1
INCR
TIF Taxing District Inc. Number: 07320
TIF Taxing District Base Year: 2014
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR Designation
Slum No
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 0
Taxable 0 0 0 0 0 0 0 0 0
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 0 0 0 0 0
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 114 of 119 Page 369 of 381
Urban Renewal Area Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO CROSSROADS UR TIF
UR Area Number: 07044
UR Area Creation Date: 11/2014
UR Area Purpose:
This Plan is intended to strengthen
the economy and to promote retail
and other commercial
development, expansion of existing
business and industry and
attraction of new commercial
projects.
Tax Districts within this Urban Renewal Area Base
No.
Increment
No.
Increment
Value
Used
WATERLOO CITY/WATERLOO SCH WATERLOO CROSSROADS UR TIF INCR 07305 07306 9,785,437
WATERLOO CITY AG/WATERLOO SCH WATERLOO CROSSROADS UR TIF INCR 07307 07308 0
Urban Renewal Area Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 945,670 2,938,630 269,993,070 0 0 -3,704 280,113,306 0 280,113,306
Taxable 436,017 1,634,646 242,993,763 0 0 -3,704 250,442,413 0 250,442,413
Homestead Credits 8
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2016: -51,230 0
Amount of 07-01-2016 Cash Balance
Restricted for LMI
TIF Revenue: 309,652
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0
Asset Sales & Loan Repayments: 0
Total Revenue: 309,652
Rebate Expenditures: 121,224
Non-Rebate Expenditures: 0
Returned to County Treasurer: 0
Total Expenditures: 121,224
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2017: 137,198 0
Amount of 06-30-2017 Cash Balance
Restricted for LMI
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 115 of 119 Page 370 of 381
Projects For WATERLOO CROSSROADS UR TIF
Crossing Point
Description:
Rehabilitation of former Kmart Site located at 2060 Sovia
Drive
Classification:Commercial - retail
Physically Complete:Yes
Payments Complete:No
Fairfield Inn
Description:Construction of new hotel located at 2134 La Porte Rd
Classification:Commercial - hotels and conference centers
Physically Complete:Yes
Payments Complete:No
Dupaco Credit Union
Description:
Construction of new Credit Union located at 1946 Schukei
Rd
Classification:Commercial - office properties
Physically Complete:Yes
Payments Complete:No
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 116 of 119 Page 371 of 381
Debts/Obligations For WATERLOO CROSSROADS UR TIF
Crossing Point Rebates
Debt/Obligation Type:Rebates
Principal:1,321,260
Interest:0
Total:1,321,260
Annual Appropriation?:No
Date Incurred:09/16/2013
FY of Last Payment:2025
Fairfield Inn Rebates
Debt/Obligation Type:Rebates
Principal:334,010
Interest:0
Total:334,010
Annual Appropriation?:No
Date Incurred:09/16/2013
FY of Last Payment:2025
Dupaco Credit Union Rebates
Debt/Obligation Type:Rebates
Principal:41,118
Interest:0
Total:41,118
Annual Appropriation?:No
Date Incurred:10/26/2016
FY of Last Payment:2021
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 117 of 119 Page 372 of 381
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebate Paid To:
Tied To Debt:
Tied To Project:
Projected Final FY of Rebate:
Rebates For WATERLOO CROSSROADS UR TIF
2060 Sovia Drive
TIF Expenditure Amount:103,004
Crossing Point, LLC
Crossing Point Rebates
Crossing Point
2025
2134 LaPorte Rd
TIF Expenditure Amount:18,220
Atul Patel
Fairfield Inn Rebates
Fairfield Inn
2024
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
Created: Mon Nov 27 15:58:53 CST 2017
Page 118 of 119 Page 373 of 381
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO CROSSROADS UR TIF (07044)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH WATERLOO CROSSROADS UR TIF INCR
TIF Taxing District Inc. Number: 07306
TIF Taxing District Base Year: 2014
FY TIF Revenue First Received: 2017
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2037
UR Designation
Slum No
Blighted No
Economic Development 11/2014
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 2,938,630 269,993,070 0 0 -3,704 279,167,636 0 279,167,636
Taxable 0 1,634,646 242,993,763 0 0 -3,704 250,006,396 0 250,006,396
Homestead Credits 8
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 263,064,600 16,106,740 9,785,437 6,321,303 213,274
FY 2017 TIF Revenue Received: 309,652
♦ Annual Urban Renewal Report, Fiscal Year 2016 - 2017
TIF Taxing District Data Collection
Local Government Name: WATERLOO (07G054)
Urban Renewal Area: WATERLOO CROSSROADS UR TIF (07044)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH WATERLOO CROSSROADS UR TIF
INCR
TIF Taxing District Inc. Number: 07308
TIF Taxing District Base Year: 2014
FY TIF Revenue First Received: 2017
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2037
UR Designation
Slum No
Blighted No
Economic Development 11/2014
TIF Taxing District Value by Class - 1/1/2015 for FY 2017
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 945,670 0 0 0 0 0 945,670 0 945,670
Taxable 436,017 0 0 0 0 0 436,017 0 436,017
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2017 1,143,900 0 0 0 0
FY 2017 TIF Revenue Received: 0
Created: Mon Nov 27 15:58:53 CST 2017
Page 119 of 119 Page 374 of 381
C ITY OF WATER LOO
Council Communication
3:50 p .m. C ounc il Work S ession, Haro ld E. G etty C ounc il C hamb ers
City Council Meeting: 11/27/2017
Prepared:
R EV I EWER S :
D epartment R eviewer Action D ate
C lerk O ffice H igby, Nancy Approved 11/20/2017 - 3:56 P M
S ub mitted by:S ubmitted By:
Page 375 of 381
C ITY OF WATER LOO
Council Communication
5:10 p .m. F inanc e C o mmittee, Haro ld E. G etty C ounc il C hamb ers
City Council Meeting: 11/27/2017
Prepared:
R EV I EWER S :
D epartment R eviewer Action D ate
C lerk O ffice H igby, Nancy Approved 11/17/2017 - 4:46 P M
S ub mitted by:S ubmitted By:
Page 376 of 381
C ITY OF WATER LOO
Council Communication
C ertified Lis t for the positio n o f F ire F ighter R ec ruit for the C ity o f Waterlo o , Iowa F ire R es cue Department,
as c ertified by the C ivil S ervic e C ommission o n No vember 9, 2017.
City Council Meeting: 11/27/2017
Prepared:
R EV I EWER S :
D epartment R eviewer Action D ate
H uman Resources D unn, Lance Approved 11/17/2017 - 12:01 P M
C lerk O ffice H igby, Nancy Approved 11/20/2017 - 10:51 AM
ATTA C H M EN TS :
Description Type
C ertified L ist F ire F ighter C over Memo
S UB J E C T:
C ertified Lis t for the positio n o f F ire F ighter R ec ruit for the C ity o f
Waterlo o , I o wa F ire R esc ue Dep artment, as c ertified b y the C ivil S ervic e
C o mmis s ion on Novemb er 9, 2017.
S ub mitted by:S ubmitted By:
Page 377 of 381
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C ITY OF WATER LOO
Council Communication
Waterlo o Hous ing Autho rity Bo ard Minutes from No vember 13, 2017.
City Council Meeting: 11/27/2017
Prepared: 11/17/2017
R EV I EWER S :
D epartment R eviewer Action D ate
H ousing Authority M ayer, S onia Approved 11/17/2017 - 5:20 P M
C lerk O ffice H igby, Nancy Approved 11/20/2017 - 10:52 AM
ATTA C H M EN TS :
Description Type
W H A M I N U T E S 11-13-17 C over Memo
S UB J E C T:Waterlo o Ho us ing Autho rity Bo ard Minutes from No vember 13, 2017.
S ub mitted by:S ubmitted By: JULI E DAW S O N, E XEC UT I VE D I R EC TO R
Page 380 of 381
WATERLOO HOUSING AUTHORITY, Governing Board Minutes
Monday November 13, 2017 at 5:00 PM
Harold E. Getty Council Chambers – Waterloo City Hall
Members Present: Welper, Morrissey, Jacobs, Varnold, Powers, Schmitt, Amos,
Motioned by Schmitt, seconded by Amos, that the Amended Agenda be approved and to approve the minutes
from the September 18, 2017 meeting.
Ayes: All Motion Carried.
Old Business
New Business
Motioned by Schmitt, seconded by Jacobs, to accept bid from Dalton Plumbing, Heating, and Cooling in the
amount of $1,229.74 for the Ridgeway Towers common areas plumbing project.
Ayes: All Motion Carried.
Motioned by Schmitt, seconded by Jacobs, to approve the changes and new sections in the Waterloo Housing
Authority’s Administrative Plan and Admission and Continuing Occupancy Policy regarding verification
hierarchy and repayment agreements.
Ayes: All Motion Carried.
Motioned by Amos, seconded by Morrissey, to approve the disposal of Public Housing and Section 8 files that
are withdrawn or terminated from the program.
Ayes: All Motion Carried.
Motioned by Amos, seconded by Morrissey, to approve and place on file the SEMAP (Section 8 Management
Assessment Program) score of 100% for FYE 06/30/17.
Motioned by Amos, seconded by Morrissey to place on file the Housing Authority report including the Leasing,
HAP, and Administrative Fee Utilization Report.
Ayes: All Motion Carried
Motioned by Morrissey, seconded by Jacobs to adjourn the meeting.
Ayes: All Motion Carried.
SAM
Page 381 of 381