HomeMy WebLinkAbout2017-968-11/2/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-968
RESOLUTION APPROVING CERTIFICATION TO THE
BLACK HAWK COUNTY AUDITOR EXPENDITURES THAT
QUALIFY FOR REIMBURSEMENT IN THE FY 2017
DOWNTOWN WATERLOO URBAN RENEWAL AND
REDEVELOPMENT TAX INCREMENT DISTRICT AND
PLACE THE CERTIFICATION ON FILE.
WHEREAS, the code of Iowa allows the City to collect taxes within a certain
geographical district to be deposited in a"Tax Increment Financing Fund", and
WHEREAS, certification of the City's expenditures within said district must be made to
the County Auditor on a yearly basis.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the City Clerk is instructed to certify to the County Auditor all
expenditures of the City that qualify for reimbursement from the FY 2017 Tax Increment Fund in
the Downtown Waterloo Urban Renewal and Redevelopment Program, as indicated in attached
Exhibit"A" and Exhibit`B", are hereby approved.
PASSED AND ADOPTED this 27h day of November 2017.
Quentin Hart, Mayor
ATTEST:
Kelley Felchl
City Clerk
E
t
_ Schedule "1"
Cumulative as of June 30,2017
Project Designation Downtown Waterloo Urban Renewal and Redevelopment Program
Schedulel _
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
DATE OF DESCRIPTION OF CUMULATIVE
NO ISSUANCE OR SOURCE INDEBTEDNESS AMOUNT
EXPENDITURE s
AMOUNT INCURRED I
147 W.Park Ave.Paying Contract $273,409.61 Advance ;273 09.6
91 Bridge Cano Contract $573,433.57 Advance $846,843.18
152 Fourth Street Paving Contract $323,983.56 Advance $1,170,826.74
28 Bridge Lt titin Contract $14,396.40 Advance $1,185,223.14
Phase I Study Contract $15,000.00 Advance $1,2M,223.14
Phase 11 Study Contract $152,553.00 Advance $i,352,776.14
613 Water Acquisition Contract $72,500. Advance $1,425,276.14
UDAG 917/17/80 Principal $1,001,627.00 G.O.Bonds $2,426 903.1
Interest $428749.00 G.O.Bonds $2,855652.1
Phase III Stud 12/20/8f) Contract $111000.00 Advance $2,966,652,14
UDAG N2 7/6/81 Principal $774,990.00 G.O.Bonds $3,741,642.1
Interest $422,256. G.O.Bonds $4,163,898
West Side Parking Ramp Principal $4,725,000. G.O.Bonds $8,888,898.3
7/15/82 interest $4779,262.50 G,O.Bonds 13,668160.8
East Side Parking Ramp 8/1/83 Principal $1,500,000, G.O.Bonds ;15168,160.8
Interest $1073,981.25 G.O.Bonds 16,242,142.121
East Side Perking Facility Principal $350,000.00 G.O.Bonds $16,592142.1
8/1/84 Interest $325,777.00 G.O.Bonds $16,917,919.1
Conway Plaza Skywalk 8/1/84 Principal $100,000.00 G.O.Bonds $17,017,919.12
Interest $93079.00 G.O.Bonds $17,110,998.1
Fast Fifth St.Parking Ramp Principal $50,000, G.O.Bonds $17,160,998,12s
5/85 Interest $46,539.50 G.O.Bonds $17,209,537.6
Tax Redeemed Aroerties 5185 Contract $5,004A9 Advance $17,212,54211 1
s
Skywalk Feasibility Stud 885 Contract $25,000.00 Advance $17,237,542.11
317 E,4di Longfellow Property Contract $12,000.00 Advance $17,249,542.11
12/85
East Fifth Parking Ramp 5/86 Principal $50,000.00 G.O.Bonds $17 54211
Interest $37,051.09 G.O-Bonds $17,336,593.201
Ellis Hotel Demolition 8 86 Contract $15,000.00 Advance $17,351,593.
Ellis Hotel Demolition 8186 Contract $27,500.00 WIDA Advance $17,379,093.201i
Paving 6/87400Elk 1i.4th St. Principal $360,000,00 G.O.Bonds $17,739,093.201
500 Blit Lafayette Interest $233134,09 G.O.Bonds $17,972,227.29 1
East Fifth Parking Ramp 6/87 Principal $100,000.00 G.O.Bonds ;18,0 227.2
Interest $64,759.47 G.O.Bonds $18,136,986.761
Conway Plaza Phase I Skywalk Principal $100,000.00 G,O.Bands $19,236,986.76
Refinancing 6187 Interest $64,759.47 GO.Bonds $18,30174623
4th St.Bridge Covered Contract $127,000.00 Advance $18,428,746.23
Walkway 6/88 1t
Conway Plaza Skywalk 7/88& Loan $132,625.00 Advance $18,561,371.23
7/89 3
Park Avenue Parking Ramp Principal $2,004000.00 G.O.Bonds $20,661,371.23
E rasion Interest $10 565,97 G.O.Bonds $21,653,937.20
Property acquisition for Principal $37,055.17 1996 GO Bonds $21,690,992,3
Waterloo Industries 5/98 Interest $19,020.08 1996 GO Bonds $21,710,012.4
Acquisition 5/98 Principal $37,944.83 1997 CO Bonds $21,747,95728
Interest $18,369.06 1997 GO Bonds $21,766,326.34
Interest on Advance FY 98-00 TIF $68160.00 Interest $21,83 486.34 k
Acquisition&Demo FY 98-00 TIF $116,002. Contracts $21,950,488.5
Acquisitions&Demo PY 98-00 Principal $617,654.75 1999 GO Bonds $22,598,143.34
Financing Interest $421,307.99 1999 GO Bonds $23,019,451.33
Acquisitions&Demo FY 00 Principal $80,602.57 2000 GO Bonds $23,100,053.90
Financing Interest $42,108.59 2000 GO Bonds $2314 162.4 j
Parking Ramp Reconstruction Principal $150,000.00 1998 GO Bonds ;23,292,162.49
FY 99-00 Financing Interest $69,826. 1998 GO Bonds $23,361,989.2 t
Johnson Rebate S i&2 Principal TIF Rebate
s.®100%,8W3@100%
2000 - -$20,934.3 23 3 223.
2001 $21,381.91 $23,404,305.
20024.795MI $23,439,101.35
2003 35,043A6 $23,474,144.81
at 121
17436 $23,511,319.19
2005 6.46 23 53 405.6505654 23 462.19 7274 23 567 934.932008 871,48 $23,58L806.41
2005 17 15.56 $23,599,621.9
GSW Rebate 5 yrs.49100% Principal TIF Rebate
2001 $9,747.24 $23,609,369.21 g
2002
$10982.28 ;23,620,351,49
2103 510 780.80 $23,631132 2 ':
2005 $11,732.94 $23,64Z065,231
a
Page 1 off)
t
_ Schedule "1" _
Cumulative as of June 30,2017 €
Project Designatiova Downtown Waterloo Urban Renewal and Redevelopment program _
Schedule 1
Indebtedness QualifyingforTax Increment Reimbursement i
Under Section 403.19(2) c
2W3 7,037.40 $23,649,902.6
Hollen Rebate 5 yrs.®100% Principal TIF Rebate
2001 $2,388.33 $23,652,290.96
-� 2003 $2y960.08 $A65%205.72
205.
1001 _ $8156.64 $23,661 2, 1
2005 $3,881.06 $23.665.243A2
Ritter Rebate 10 yrs 0100%or Principal TIF Rebate
t
til$20,910 is pci1
2m__ $2,660.86 $23,667,904.28
$2,837.28 $23,670,741.56
_ 2003 2_87�_M 523,673,615.06
. T
- $3,031.20 $23,676,646.261
2003 $3 52738 $23,680,173.64
_ 2W6 S3,64736 $23,683,821.20
2007 $2,039.29 $23,685,91OA9
200s 5230.93 $23,686,141A2 -
Lown Rebate U1 5 yis®100% Principal TIF Rebate
2001 `$14417.98 $23687,559.9
_ 1694 $23,689,254.1 r
$72285 $23 689,976.99
-- 2061 51,00.5.92 23 690 982.91 t
982.84 $23,693.965.75t
Lown Rebate N2 5 yrs @ 100% Principal TIF Rebate
_M 2101 $495.42 $23,694,461.1
565.50 $23,695026.67
mm $540.89 $23,695,567.56
_ 200 $604.16 $23,696,171.7
2005 S%6.84 $23,697,118.56
Roberts Rebate 5)1!®100% Principal TIF Rebate
2DD27 $0 $23,697,118.56
20037 $23,697,118.56
3
20041 $23,697,118.56.
200!1 23 6971185 i
20067 697118.56
Marsh Place Rebate 10 yrs Principal TIF Rebate
65%2003 $11,693 $23,708,812 39
85%2004 $12,668.38 $23,721,480.77r
85%2005 $8,193.78 $23,729,674.55
_ ssx 2-06 $6,771.88 $23 6,446.4 a
85%2007 $6,777.58 $23,743,224.01
83%was $6,855.68 23 750,079.69 s
ss%2DD9 $6,743.00 $23 756,822.69
75%2070 $5,886.00 $23,76Z708.69s
60%2011 $4,716.00 $23,767,424.69
45%2012 $3,504.00 $23,770,928.69
arthoff Rebate 5 yrs®100% Principal TIF Rebate
_ 2003 $0 $23,770,928.6 i
2004 $23,770,928.69
?005 $23,770,928.69
2006 $23-770,928.6 s
2007 $23.770,928.6
Ament Rebate 5 yrs®100% Principal TIF Rebate
2002 $23,772,530.__.. $1601.8956
2003 $1585.43 $23,774116.01
2014 __._$,1711.38 237758279 I
2005 $2,332-3 $23,778,159.71 e
2006 $2.424.79 $23,780,584.5
MIK Rebate 5 yrs 0 100% Principal TIF Rebate
- 2001 $6,516.00 $23,787,100.FO
2003 $6,2_78.34 $23,793,378.
2004 $6,684.60 $23,800, 63.44
1005 _-8 239.50 23 0294
2006 .82 23 816 843.7
Micou RebatePrincl al TIF Rebate $23.81
843 76
100% 2006 595.15 $23,817,43S.91
— 100% 2007 213584 $23,819,574.75
107% 2003 $2,1 '
100% 2OD9 $2,550.41 $23,824,299.64 i
_ 3
160% 2010 $2,528.00 $23,826,827,
edarSkylineRebate TIF Rebate $23,826,827.64
Gao &Doyle IOW.*2003-2006 tam Principal $35,701.16 $23,862,528.80
Giln &Doylc IOW.- 20-7 Principal $14,041.39 $23,876,570.1
Gilroy&Doy a 2008 Principal $16,127. $23,892,697.78
Landau Rebate 10 yrs®100% Principal TIF Rebate i
2003 $13,646.601 $23,906,3449 a
2004
$14,427.141 23 152
Page 2 of 8
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Schedule "1"
Cumulative as of June 30,2_017 1
Project Designation:DowntownWaterloo Urban Ren d Redevelo men P 3
Schedule 1
Indebtedness Qualifyingfor Taff Increment Reimbursement
Under Section 403.19 2
2009 $17,025.24 2 937,796.F6
w. 2006 $17,615. $23,955,412.5p
2307 20 435.62 $23,975,848,1
1
20ae
$20,610
2 243.62 $24,018,702.1
2010 $21,986.00 24 040 688.1 i
2011 $22,016.00 $24,06zm.l s
2012 S21.812-001 24 084 516.1 s
Orr Haffa Rebat 7 yrsO 100% Princg al TIE Rebate
(ISA) 24.63 $24,09Z340.7
20DR _ 61200 $24,100,952.75
2010_ $8,516.0 $24,109,468, i
_ 2011 $8,528.00 $24,117,996.75
2012
$8,450.00 $24,126,446.75i
2013 _ $14,156.0 $24,140,602.75
2014 $13.226.00 $24,153,828.
life Rebate 8 yrs 0100% Principal _ TIP Rebate
-
mw $6 808.06 $24,160,636.8
20x9 $6,292.00 $24,166,928.8
_2010 $6 200.00 24173128.81 p
I
1311 $6,210.00 $24,179,338.81 a
2012 615200 24185 490.81 {
20138,332.00 $24,193,822,81 1
2014 $7,784.00 $24,20L606.81
2015 $5,974.00 $24,207,580.81
Courier Rebate 10 yrs0O% Principal __ TIF Rebate
2M 6 740.10 $24,214,320.91
2009_ $9,5M.16 $24,223,905.07. ti
2010 $9A46.00 24.233,351.071
2011 $9,460.00 24 242 811.
2012 - $9,372.0 $24,252,183.
2013 $13,090.00 24.265,273.07
_ 2014 $6,114. $24,271,387. 2
2015 $0.00 $24,271,387A7
-- 2016 $0.00 24271387.0 a
2017 00 $24,271,387.
NCN Ltd.Rebate 7 rs 0100% Principal TIF Rebate
2008 $4,556.93 $24,275,944.00
200_9 $27,069:p 24 03 013.
2010 $32,256 24 5 269. $
_ 2011 $33,154.00. $24,368,423.
2012 $39,058.00 24 407 481.
2013 S40,999.00 $24,44&480.
_ 2014 540,]06.00 $24,488,581
24 488 86.
2015 Sal 073.00 $24,519,664.
2016 58,416.00 24 528 OBO,
2017 $24,553,423.
201x' $24,554.231.77. 8
Holten 11 Rebate 5 y..0100X Principal TIP Rebate
2007 $1,793.46 24 SS 025. IgE
2008 sim.44 24 557 880 6
Sold to ISA 2004 470 $Z4,560,350.67s
2013 6,00 $24,562,806.6
2017 $2,460.00 $24.S65,266.
CN Bank-3rd Ftwr la yrs.01o0% Principal TIP Rebate
2009 $16,126.00 $24,581,392.67 $
2010 $16062.00 2 597 454.6
2011 t16,084.00 $24,613MS.67
2012 $15,934.00 24.629.472.671
2013 .,$15,922.00 $24,645,394.6
2014 $14,876.00 $24,660,270.6
20156012.00 $24,666,282.0
2016 $1,788.00 124,668,070.6
2017 $824:00 $24,668,894.69
2018• $4.262.00 673156.6 a
SA Development Syrs.0100% Principal TIP Rebate 24673156.6
2009 $6,146.00 24 679.302,671
2010 __$_608%00 $24,695,390,6
2011 $6,096.00 $24,691,496.67
2012 $6,040.qO $24,697,526.6
2013
$9,766.00 $24,707,292.6 s
Ja_ckieRosic 5y=s.0100% Pflndpal _ TIE Rebate $24,707,292-67
2009149.00 24 711441.6 l
2016 - $4,166;00 $24,715,607.6
2011 $4,172. $24,719,779.6
2012 $4,132. $24,723,911.6
2013 7120.00 $24,731,031.6
Golly jamas LLC 10yr8.0100% Principal TIE Rebate $24,731,031.6 P
i+t,ase l 2015 812.001 $24,767,843.671
2016 $36,9i200 $24 5.6
2017 529 00 24 641396
Page 3 of 8
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Schedule "1"
_ Cumulative as of June 30,2017
�V Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
_ Schedule 1 W __
Indebtedness Qualifying for Tax Increment Reimbursement _ a
Under Section 40319 s
2ate• 24. $24,877,873.6
2019 $36,524.00 2 97.6 3
2020' $36,524.00 $24,950,921.6
2021' $36,524.00 21987445.6
$36,524.00 $25,023,969.6
2023-
$36,524-00 25 060 493. 3
2024' $36,524.00 $25,097,017.
Dolly iames,LLC principal TIF Rebate 25097017.6
Phase 11 -' 2016_ 36 982.00 $25,133,999.67
2012536525:00 $25,170,523.67
- 201a' $36,524.00 $25,207,047.6
2019 $36,524.00 $25,243,571.6
207.W $36,524 $25,280,095.6
2021• $25,316,619.6
2021 36 524.00 $25,353,143.671
_ µ 2023' $25M9,667.67.
2024' 36 524.00
$25,426,191.671
2025' 36 524.00 $25,467-715.671
Dally lames,LLC principal TIF Rebate $25,462,715.6
Pttasa tit 2016 $36,982.05 $25,499,697.
2012 3b 629 00 $25,536,221.64
2018
$36,524.0 $25,572,74,5.671
mt9
$36,524.00 25 609 269.6 5
2020 $36,524.00 $25,645,793.6
25 645 793.6 q
2021' 36 24.00 $25,682,317.6
2022' 36 524.00 25 718 841.6 3
' 36 524.00 25 755 365.6 l
�4' 36 524.00 25 791889.6
2025' 36 24.00 25 828 413.6 1
Hote[President principal 25 828 413
2018' 458.00 25 5 871.6
2019' $50,236.0 $25,90-7107,
6
^ 2020 $41,586.0 $25,948,693.67
{
2021' $33,612.00 $25,982,305.6
2022 $21,054.00 $26,003,359.67
2023' 1 774. 26 018133.6 s
2024' 9 850.00 26 027 983.6
2025' 9850.00 0 7 .6
9850.00 26 047,683.671
2022 924.00 26 052,607.671
Fischelc Holdings,LLC 10yrs.®hoz Principal TIF Rebate $26,052,607.67j
2016 $26,053,677.6.
2017 724:00 $26.054AOI.67
2018 $3,694.00 $26,02M.69
_2019' $3,684.0 $26,061,769.67
_ 2020 $3,684.00 $26,065,453. j
2021' $3,684.00 $26,069,137.67
_ 2022 $3,684.0 $26,072-821.671
s
_ z 3 684.00 26 076,%5.61
2024' $3,6134.00 $26,080,189.67
2025' S3.6KOO $26,083,873. a
A Development Multi Parcels 5 Principal TIF Rebate $26,083,M6
2016 142 754.00 $26,226,627.6
2017 $0.00 $26,226,627.6 i
201e S7 806.00- $26,284".6
2019• 57 806.00 $26,342,239-67
2021r 57 806.00 $26,400,04S.6
2021' $57,806.00 $26.457,851.67
Court Square Bldg Co 5yn9100% Principal TIF Rebate $26,457.8516
2015 0.00 $26,457,851.67
zai6 0.00 $26,457,851.671t
2017T$0:00 $26,457,8%.644
251a $0.00 $26,457,851.67
2019' $0.00 S26,457.851.61a
HQAA-JSA,U.0 Principal TIF Rebate 457851.6 h
2615 $0.00 $26,457,M.6
2016 27 943.00 A85,794.671
2017 OAO $26,485,79C671
2018• $16,836.00 $26,502,630,§4j
2019 $16,836
tam $16,836. $26,536,302.671g
2021•
$16,&36.00 $26,553.138.671
2022' 16 836.0 $26,569,974.67
r
"Z. $16,&36 $26,586,810.67
fi
2024' $16,836.00 26 603 646.6
Grand Ctoming principal TIF Rebate $26,603,646.6
ztiiii $46,366.00 $26,650,012.6
2019 $46,366,00 $26,6%,379.
20311' $46,3600V $26,742,744.
20ai'
146MEW' $26,789,110,671
P
Page 4 of 8 i
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Schedule "1"
Cumulative as of June 30,2017
Project Desitation:Downtown Waterloo Urban Renewal and Redevelopment Program t
_ Schedule 1
Indebtedness___ Qualifying for Tax Increment Reimbursement _
Under Section 403.19 2
li
zOzz $46,366.00 $26,835,476.6
2023• $46,366.00 $26,881,842.6
2024'
$46,366.00 $26,928,208.6
2025'
$46,366.00 $26,974,574.67
ii6' $46,366.00 $27,020,940.67
tum $46,366.00 27,067,306,67.
6
20M $46,366.00 27,111672.6A
20n' $46,366.00 $27,160,038.6
2(W' $46,366.00 $27,206,404. Y
2031* $46 600 $27,25 770.6
20.92' $46,366,00 IF 299136.
2033' $46,366.00 $27,345,M02 6
20x' $46,366 $27,391868.6
2035*
$46,366.00 S27 438 234.6 s
2036' $46,366.00 $27,484,600.6
2037* $46,366,00 530,966.671
l stooges Principal '`.10Rebafe -"sS27;530,966:6
696.91
2oi9 i $4;696'91 $27;540,360.4
696.91 $27;545;057:4 1
2021* 696,91 $27;549,75431
' c$4`696;91 $27;554`451. 4
$27,559,1483
stt7A' 696.91 $27j663,845:04 a
$4696.91 $27,548,8¢1.9 n
2026* ::1:$4,696:91 $27,57-%238.8 61k
2027' $4,696.91 $27i577,035.771
or,,dt.B-, Principal TIF Rebate "$27577;935 s
2013' $73,063.10 $27 650 998: i
2019' :$73,063;10 $27j724,961.97
2020' $73 063:10 $27;797125.
2021!J.. �-
s$73;063;10 $27 870,188.1
202i"-: `x$73,063.10 `' :$27:943,251.:2.
i
2025' ' $73,063.10 '$28,016143.
20 $73,063.10 .$28,M,37_747
l
2025' $73,063.10 $2816.9140,5.
20;6 $73,063.10 $28,235 3;6 x
2021*' : $73063:10 $289 66,
zOxe 063;10 $28 391'629:8
2029' <573' .10 $28;454692.9.
MW $73`063.10 $28,527;756:0
2031' ::$73063.10 $28;600814,1
2032• $73 063.1028 673 SZ2.1
Downtown Redevelopment Principal $307,5m.00 2001 GO Bonds _.,..128,981�381271
6/01 Interest $145,177.00 2001 GO Bonds $29,126,559.27
MID Taxes Princi 1 $66,512.46 Contract $29,193,071.73
l
Downtown St.RISE Match Principal $150,000.00 2003 GO Bonds $29,343,07113 °
Fund 413 Interest $32,912.00 2003 GO Bonds $29,375,983.73
US 63 Study Fund 411 Principal $501000,00 2001 GO Bonds $29,425,983.73
Interest $22,491.91 2001 GO Bonds $29,448,475.64j
Windows on Waterloo V Principal $11002A0 2002 GO Bonds $29,459d77.64
Fund 412 Interest $7674.00 2002 GO Bonds $29,467,151.641
Downtown Redevelopment Principal $200,0 2003 GO Bonds $29,667151.64
Fund 413 Interest $47,888.00 2003 GO Bonds $29,715,039.64
Downtown Redevelopment Principal $55,358.07 20113 GO Bonds $29,770,397
Fund 413 Interest $14,490.00 2003 GO Bonds 29,784,887.71 1
Downtown Redevelopment Principal $78,114.59 2003 GO Bonds 29,863,002.30
Fund 413 Interest $18,707.00 2003 GO Bonds $29,881,709.30
Downtown Street Lighting Principal $40,000.00 2004 GO Bonds $29,921,709.30 g
Fund 414 Interest $13,450.0 2004 GO Bonds $29,935,15930
i
Main Street 2004 Principal $30,000.00 Contract $29,965,1593
MID 2003 Principal $56,641.16 Contract $30,021,13(104
SSMID2004 Principal $896,59 Contract $30,02Z697.05
Main Street 2005 Principal 000.00 Contract $30,05Z697.05
Downtown Acquisition Fund Principal $140,000.00 2004 GO Bonds $30,19Z697.05
414(taxable) Interest $71.380.00 2004 GO Bonds $30,264,07-70
Vandewalle Contract Fund Princi al $60,000.00 2004 GO Bonds $30,324,077.05 r
414 Interest $23,22536 2004 GO Bonds $30,347,302.41 j
Downtown Redevelopment Principal $215,000.00 2004 GO Bonds $30,562,3OZ41 j
Fund 414 Interest $80,212.62 2004 GO Bonds $30,64Z515.0 8
Downtown Street Lighting Principal $10,00Q,00 2004 GO Bonds $30,652,515.03
Fund.414 Interest $3,965.36 2004 GO Bonds $30,656.480.3
Main Street 2006 Principal $30,000.00 Contract $30,686,480.3
?i
Downtown Acquisition Principal $150,000.0012004 GO Bonds $30,836,480.3 }
Fund 414 Interest $53,362.50 2004 GO Bonds $30,889,842.8
Downtown Acquisition Principal $850,000.00 2005 GO Bonds $31,739,842.89 y
Fund 415 Interest $282,39750120M GO Bonds $32,022,240.3
E
Page 5 of 8 I
j
Schedule "1"
Cumulative as of June 30,2017 _
— II
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program "a
_ Schedule 1 E
Indebtedness Qualifying for Tax increment Reimbursement p
Under Section 403,19(2)
k`
Downtown Dev Fund 406 Principal $100,000.00 2006 GO Bonds $32,122,240.3 li
tax exempt Interest $40,915.00 2006 GO Bonds $32,163,155.39 i!
WDC Properties I Acquisition Principal $240,000.00 Advance $32,403,155.39 a
Contract Interest $24,330.00 Advance $32,427,485.39
Downtown Dev. Fund 406 Principal $500,000.00 2006 GO Bonds $32,927,485.39 g
lax exempt Interest $194,662.60 2006 GO Bonds $33,122,147.99 t
Downtown Property Acq. Principal $546,079.28 Advance $33,668,227.2
Main Street 2007 Principal $30,000.00 Contract $33,698,227
Main Street 2008 Principal $3000.00 Contract $33,728,227-27
Main Street 2009 Principal $30,000.00 Contract $33,758,227.27
Main Street 2010 Principal $40,000.00 Contract $33,798,227.27
Main Street 2011 Principal $40,000.00 Contract $33,838,227.2
Main Street 2012 Principal $40,000.00 contract $33,878,227.27 '
Main Street 2013 Principal $40,000.00 contract $33,918,227.2
MalnStreel2014 Principal $40,000.00 Contract $33,958,227.2 =
Main Street 2015 Principal $40,000.00 Contract $33,998,227.2
Main Street 2016 Principal $40,000.00 Contract $34,038,227.2
1998 GO Bonds Refinanced- Principal ($87,00(L011) 1998 GO Bonds $33,951,227.27
Deduct Old Debt Service Interest $11,211.00 1998 GO Bonds $33,936,996.27
1998 GO Bonds Refinanced- Principal $87,600.00 2007 GO Bonds $34,024,596.27 It
Add New Debt Service Interest $12,654.00 $34,037,250.2 d
1999 GO Bonds Refinanced- Principal ($287,327.00) 1999 GO Bonds $33,749,923.2
Deduct Old Debt Service Interest $103,6511.00) 1999 GO Bonds $33,646,265.2
1999 GO Bonds Refinanced- Principal $289,301.00 2007 GO Bonds $33,935,566.2
Add New Debt Service Interest $80,969.00 $34,016,535.2 @
Fund 407 Pump Station Principal $1,050,000.00 2007 GO Bonds $35,066,535.27
Interest $379,495.00 $35,446,030.271
Fund 407 Pump Station Principal ($620,000.00) 2007 GO Bonds $34,826,030.2 3
(Refinanced deduct old debt Interest 125,852.50) $34,700,177.771
Fund 414 Pump Station Principal $620,000.00 2014 GO Bonds $35,320,177.771
(refinaced fund 407) Interest $92,693. $35,412,870.7
Fund 407 Parking Ramp Principal $700,000.00 2007 GO Bonds $36,112,870.71 rt
Interest $257,645.00 $36,370,515.7
Fund 407 Parking Ramp Principal ($425,000.0(1 2007 GO Bonds $35,945,515.78
Refinanced deduct old debt Interest
( ($86,377.50) $35,859,138.28
Fund 414 Parking Ramp Principal $425,000.00 2014 GO Bonds $36,284,138.28
Refinanced fund 407 Interest $68,257.00 $36,352,395.28
Fund 407 Property Acq. Principal $200,000.00 2007 GO Bonds $36,552,395.28
Tax exempt Interest $74,550.00 $36,626,945.28 H
Fund 407 Property Acq. Principal ($125,000.00) 2007 GO Bonds $36,501,945.28 t
(Refinanced-Deduct old debt Interest ($25,04250) $36,476,902.78
Fund 414 Property Acq. Principal $125,000.00 2014 GO Bonds $36,6DI,902.78
(Refinanced fund 407) Tax Interest $18,335.00 $36,620,237.78 j
Fund 407 Property Acq.Taxable Principal $200,000.00 2007 GO Bonds $36,820,237.7
Interest $71,112.50 $36,891,350.28
Fund 407 Development Plan Principal $100,000.00 2007 GO Bonds $36,991,350,28
Interest $39,250.00 $37,030,600.28
I
Fund 407 Development Plan Principal (565,000.011) 2007 GO Bonds $36,965,600.28
(Refinanced-deduct old debt Interest $14,295.00} $36,951,305.28 i
Frond 414 Development Plan Principal $65,000.001 2014 GO Bonds $37,016,305.2
(Refinanced Fund 407) Interest $10,955.001 $37,027,260 i
2000 GO Bonds Refinanced Principal ($9,761.00) 1999 GO Bonds $37,017A99 {
2007-Deduct Old Debt Service Interest ($2,549.00) 1999 GO Bonds $37,014,950.28
2000 GO Bonds Refinanced- Principal $10,209.00 2007 GO Bonds $37,025,15928
Add New Debt Service-2007 Interest $1,929.00 $37,027,088.28
Fund 408 Development Plan Principal $100,000.00 2008 GO Bonds $37,127,088.28
Tax Exempt Interest $34,332.50 $37,161,420.78 i
Fund 408 Property Acq. Principal $150,000.00 2008 GO Bonds $37,311,420.78
Tax Exempt Interest $45,655.00 $37,357,075.78 t
Fund 408 Public Market Principal $585,000.00 2008 GO Boatels $37,942,075.78
Taxable interest $172,750.00 $38,114,825.78
Fund 408 Parking Ramp Principal $1,400,000.00 2008 GO Bonds $39,514,825.78
Taxable Interest $407,250.00 $39,922,075.78
Fund 416 GO Bond FYE2016 Principal ($60,000.00) 2016 GO Bonds $39,862,075.7
Refunding Portion 2008.0
Downtown[Development Interest ($10,05250) $39,652,023•
28
Fund 446 GO Bond FYE2016 Principal ($75,000.00) 2016 GO Bonds $39,777,023. g
Refunding Portion 2008.0n
Downtown Acquisitions Interest {$10,9+(1.00) $39,766,073.
`s
)
Page 6 of 8
i
Schedule "1" _
Cumulative as of June 30,2017
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Pro$rane
Schedule 1 _
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19 2
E.4th Street Streetscape Project Principal $9,200.00 Advance $39,775,273.28
E 4th Street improvements Principal $420,029.47 Advance $40,195,302.75
E41hStreet Prtnci a1 $21,961.18 Advance $40,217,263.93
2009 Downtown Parking Prhrcipal $700,000.00 2009 GO Bonds $40,917,263.93 }
Garages-Exempt Interest $209,558.86 $41,126,822.7
2009 Downtown Development Primi al $100,000.00 2009 GO Bonds $41,226,822.
Plan-Exempt Interest $31,156.89 $41,257,979.68
2009 Downtown Acquisitions- Principal $250,000.00 2009 GO Bonds $41,507,979.68
Exempt
Interest $71,649.06 $41,579,628.7
2009 Downtown Acquisitions- Principal $300,000.00 2009 GO Bonds $41,879,628.7
Taxable Interest $81,214.30 $41,960,843.04 i
Fund 410 Downtown Principal $60,000.00 2010 GO Bonds $42,020,M3.04
Development Plan-Taxable t
Interest $10,893.17 $42,031,736.21
j
Fund 410 Downtown Principal $506,000.00 2010 GO Bonds $42,537,736.21
Acquisitions-Taxable j
Interest $97,450.89 $42,635,187.10 g
2002 GO Bonds Refinanced- Principal $11 .00 1999 GO Bonds $42,624,19.1-0
Deduct Old Debt Service Interest 7t74.(N1 1999 GO Bonds $42,616,511A(
2002 GO Bonds Refinanced- Principal $11,031.56 2007 GO Bonds $42,627,542.66
Add New Debt Service-Fund
410 Interest $3,979.74 $4Z631,52240
2004 GO Bonds Refinanced- Principal ($85,000.00) 2004 GO Bonds $42,546,522.
Deduct Old Debt Service E
Interest ($18,705.50) 2004 GO Bonds $42,527,816.90
2004 GO Bonds Refinanced- Principal $85,000.00 2011 GO Bonds $4Z612,816.90C
G
Add New Debt Service-Fund Interest $13,486.06 $42,626,302.96 R
F
2005 GO Bonds Refinanced- Principal ($5111,000,00) 2005 GO Bonds $42,I16,302.9 t
Deduct Old Debt Service- t(
Downtown AcquisitionsInterest ($96.4055.00) $42,019,897.9 t
3
2005 GO Bonds Refinanced- Principal $510,000.00 2012 GO Bonds $42,529,897.96 j
Add New Debt Service-Fund
412(2012) Interest $51,204.18 $42,581,102.14
2003 GO Bonds Refinanced- Principal ($60,000.00) 2003 GO Bonds $42,521,102.14 '
Deduct Old Debt Service-
Comm St Extension Interest ($6.290.00) $42,514,81214
e
2003 GO Bonds Refinanced- Principal $60,000.00 2012 GO Bonds $42,574,812.14
Add New Debt Service-Fund
412(2012) Interest $1,892.82 $42,576,704.9
2003 GO Bonds Refinanced- Principal ($30,446,87) 2003 GO Bonds $42,546,258.0 P
Deduct Old Debt Service-
Courier BldgMid ort g
�9( P ) Interest ($3,401.OU) E42542857.0
2003 GO Bonds Refinanced- Principal $30,446.87 2012 GO Bonds $42,573,303.96
Add New Debt Service-Fund Interest $69856 $42,574,002.5 j
41-2120121
2003 GO Bonds Refinanced- Principal ($35,1.19.00) 2003 GO Bonds $42,53$8535
52 r
Deduct Old Debt Service-
Interest (53,686.00) $42,535,167.5 4
2003 GO Bonds Refinanced- Principal $35,149.00 2012 GO Bonds $42,570,3165
Add New Debt Service-Fund
412(2012) Interest $985.75 $42.571,302.2
20M GO Bonds Refinanced- Principal ($28,810.00) 2003 GO Bonds $42,542,462.2
Deduct Old Debt Service-
Downtown Lighting Interest 1 ($3,305.00) $42,539,157.27e
2003 GO Bands Refinanced- Principal $28,840.00 2012 GO Bonds $42,567,997.27ii
Add New Debt Service-Fund Interest $602.56 $42,568,599.83
x
2007 GO Bonds Refinanced- Principal ($139,873.00) 2007 GO Bonds $42428,726.8
Deduct Old Debt Service Interest 1(,598.00) $42,412128.8 's
2007 GO Bonds Refinanced- Principal $139,873.00 2014 GO Bonds $42,552,001.83 j
Add New Debt Service-Fund Interest $12,378.00 $4Z564,379.83
2006 GO Bonds Refinanced- Principal ($385,000.00) 2014 GO Bonds $42,179,379,8
Deduct Old Debt Service Interest ($61,077.52) $42,118,302.31
2006 GO Bonds Refinanced- Principal $385,000.00 2014 GO Bonds $42,503,302.31 V
Add New Debt Service-Fund Interest $1,477.80 $42504,780.11
Fund 411 Downtown Principal $100,000.00 2011 GO Bonds $42,604,780.11
Development Plan-Taxable Interest $37,066.11 $42641,846. n
B
Page 7 of 8
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3
t
i
Schedule "1" I
Cumulative as of June 30,2017
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment ram
ProP
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
Fund 411 Downtown Principal $800,000.00 2011 GO Bonds $43,441,846.22
Acquisitions-Taxable Interest $269,240.97 $43,711,087.1
Fund 411 Downtown Principal $800,000.00 2011 GO Bonds $44,511,087.1
Demolitions-Taxable Interest $269,240.97 $44,780,328.1 �
Fund 412 Downtown Principal $800,000.00 2012 GO Bonds $45,580,328.16 e
Acquisitions-Taxable Interest $98,233.13 $45,678,561.2
Fund 412 Downtown Principal $60,000.00 2012 GO Bonds $45,738,561,29
Development Plan Interest $7,290.00 $45,745,851.29
i
Fund 413 Downtown Principal $950,000.00 2013 GO Bonds $46,695,8512
Acquisitions-Taxable Interest $125,810.76 $46,821,662.05
Fund 413 Downtown Principal $80,000.00 2013 GO Bonds $46,901,662.
Development Plan Interest $10,579.03 $46,912,241.081
Fund 414 Techworks Principal $3,500,000.00 2014 GO Bonds $50,412,241.08
Interest $1,112,697.40 $51,524,938.48i
Fund 414 Downtown Principal $80,000.00 2014 GO Bonds $51,604,938.48
Development Plan Interest $13,255.56 $51,618,194.04
Fund 414 Downtown Principal $345,000.00 2014 GO Bonds $51,963,194.04
Acquisitions Interest $114,661.47 $52,077,855.51
3
Fund 415 Downtown Principal $80,000.00 2015 GO Bonds $52,157,855.51
Development Plan-Tax Interest $14,813.33 $52,172,668.8
Fund 415 Downtown Principal $200,WO.00 2015 GO Bonds $52,372,668.84
Acquisitions-Taxable Interest $29,232.11 $52,401,900.95 r
Fund 416 GO Bond FYE2016A Principal $80,000.00 2016 GO Bonds $52,481,900.95
Interest $9,87556 $52,491,77651 {
Fund 4116 GO Bond FYE2016B Principal $239,OW.00 2016 GO Bonds $52,730,776,51
Interest $26,472.57 $52,757,249.08
Fund 416 GO Bond Princi al $9,250,000.00 2016 GO Bonds $62,007,249.08
FYE2016CTeehworks Interest $3,031,639.19 $65,038,888 i
Fund 416 GO Bond FYE201S Principal $60,000.00 2016 GO Bonds $65,098,888.2
Refunding Portion 2W8A Interest $5,206.67 $65,104,094
Downtown Development
941
Fund 416 GO Bond FYE2016 Principal $75,000.00 2016 GO Bonds $65,179,094.94
Refunding Portion 2008A
Downtown Development interest $5,68333 $65,184,778 6
Teamsters Acquisition Principal $92,781.02 Advance $65,277,559.2
E 4th Street Principal $31,886,19 Advance $65,309,445.48
TechWorks Principal $24,104.93 Advance $65,333,550.41 t
TIF Expansion Principal $1,063,75 Advance 65,M614.16
Cedar Skyline Advance Principal $247,500,00 Advance 1 $65,582,114.161
TechWorks FYi3 Principal 1 $3,97750 Advance $65,586,091.66
TechWorks 4 Princi al $4,410.00 Advance $65,590-101.66
Administrative Expenses PY15 Princi al $9,467.97 Advance $65,599,969.63 1
Administrative Expenses FY16 Princi at $13,400.00 Advance $65,613,369.63
FUND409:Doclmtowp arkin� Print'i 394000.00 2.W.,PD:Botyds.: $65223369.63 s
Garage ExemFUNDED Interesf: ?$5&78849 i REFUNDED::'. $65,164,5111.14
2017A refinance i Fund 409 Principal $390,000.00 2017A GQi:: $65,554,581.14 j
Downtco rkmg Garage Interesf $44,787.50 Bonds:': $65,599,3 .64
FUND 409,DowntownAcq Princi.al $135,000.00 2009GOBopds; $65,464,W.64 $
Exem F REFUNDED- Interest: ($20,D16.28) REFUNDED.,
$65,444,332.3 p
2019A Refinanced of FUND 409 Principal $135,WD 00 20175 ta0; : $65,579,332.3
DowntowriAcq Interest $16,436.25 $65,595,768.61
FUND 409.Downtown Principal $60,000.00 2009,�O10 0. $65,535,768.61
Develo meat PanExeat t Interest' ($9,603.85) REFUNDED $65526164.7
2017A Refinanced fund 409 Pr nci'al $60,000.00 2017A GO $65,586164.7 I
DowntosvnDev.Plan Interests - $7,855.00 flonds
$65,594,019.76
2017 GO Bond Princi"al $75,000.00 2017 GO Bonds $65,669,019.76
Interest $17,881,251 $65686901.01
Main Street Contract FY17 Principal $40,000.00 " Advance $65,726,901.01
AdrninistraLive Expenses FY17: Principal $17 449,39 `_! Add a $65 744 350.40
Sin les eed Contract FYI Principal $168,416,66 Advance $65,912,767.06
$65 912 767.
$65,91Z767.
65 91 67. 1
s
$65,912,77667.06
$65 912 67.
`i�stimatcd
k
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i
c
Page 8 of 6
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3
SCHEDULE"2"
Cumulative Revenue as of June 30, 2016
Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 2
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
Amount Received from
Payments under Sec. Other Revenue F
No. Year Received 402.12(2)-TIF Received Cumulative Amount
1 FY 1977 $22,566.19 $22,566.19
2 FY 1978 $50,863.50 $73,429.69
3 FY 1979 $163,010.80 $236,440.49 3
4 FY 1980 $216,795.08 $453,235.57 j
5 FY 1981 $319,027.40 $772,262.97
6 FY 1982 $385,731.14 $1,157,994.11
7 FY 1983 $476,100.00 $1,634,094.11
8 FY 1984 $534,281.00 $2,168,375.11
9 FY 1985 $582,411.43 $2,750,786.54
10 FY 1986 $773,667.04 $72,793.00 $3,597,246.58
11 FY 1987 $829,625.00 $121,738.00 $4,548,609.58
12 FY 1988 $778,965.94 $73,975.00 $5,401,550.52
13 FY 1989 $607,992.00 $76,019.00 $6,085,561.52
14 FY 1990 $1,104,273.00 $199,453.84 $7,389,288.36
15 FY 1991 $911,105.00 $292,043.20 $8,592,436.56 E
16 FY 1992 $887,043.00 $136,932.05 $9,616,411.61
17 FY 1993 $881,666.00 $131,685.90 $10,629,763.51
18 FY 1994 $897,520.00 $146,935.03 $11,674,218.54 t
19 FY 1995 $752,642.00 $131,841.98 $12,558,702.52
20 FY 1996 $657,480.00 $203,285.29 $13,419,467.81
21 FY 1997 $602,482.27 $207,785.90 $14,229,735.98
22 FY 1998 $552,575.59 $198,774.53 $14,981,086.10 k
23 FY 1999 $599,707.53 $72,765.79 $15,653,559.42
24 FY 2000 $549,044.97 $72,000.00 $16,274,604.39 .
25 FY 2001 $781,750.82 $72,000.00 $17,128,355.21
26 FY 2002 $874,603.46 $72,000.00 $18,074,958.67
27 FY 2003 $797,581.70 $72,000.00 $18,944,540.37
28 FY 2004 $746,995.28 $0.00 $19,691,535.65
29 FY 2005 $849,326.72 $0.00 $20,540,862.37
30 FY2006 $972,617.30 $0.00 $21,513,479.67
31 FY2007 $935,872.08 $143,555.75 $22,592,907.50
32 FY2008 $990,766.64 $16,979.08 $23,600,653.22
33 FY2009 $1,229,705.33 $3,671.82 $24,834,030.37
34 FY2010 $1,302,412.88 $334.14 $26,136,777.39
35 FY2011 $1,191,328.01 $1,609.19 $27,329,714.59
36 FY2012 $1,284,556.61 $401.43 $28,614,672.63
37 FY2013 $1,702,931.84 $121.07 $30,317,725.54
38 FY2014 $1,523,984.44 $969.91 $31,842,679.89
39 FY2015 $1,843,941.50 $1,855.61 $33,688,477.00
40 FY2016 $1,948,877.87 $1,844.23 $35,639,199.10 y.
41 FY2017 42,187,096;87 $2,666:03 $37,828,962.00
42 FY2018* $2,1`87,096.87 $40,016,058.87
---J-$2,:187;096.87 1 $42,203,155.74
*Estimated Values
#Includes Special Assessments and Parking Revenue
a
e