HomeMy WebLinkAbout2017-972-11/27/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-972
RESOLUTION APPROVING CERTIFICATION TO THE
BLACK HAWK COUNTY AUDITOR EXPENDITURES THAT
QUALIFY FOR REIMBURSEMENT IN THE FY 2017 SAN
MARNAN 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 San Manran Tax Increment Development Area, as indicated in attached Exhibit "A" and
Exhibit"B", are hereby approved.
PASSED AND ADOPTED this 27th day of November 2017.
n Quentin Hart, Mayor
ATTEST:
elley Felc
City Clerk
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EXHIBIT"A" �.
_ June 30,2017
Project Designation:San Marnan Tax Increment Development Area
Schedule 1 ___-.---
Indebtedness qualifying for Tax Increment Reimbursement_
Under Section 403.19(2)
No. Date Of Issuance Source Description of Indebtedness Cumulative
or Expenditure Amount
AMOUNT INCURRED i
Land Acquisition FY 1999 $548,856.00 Contract debt $548,856.00
Interest FY 02 $106,427.98 $655,283.98
Interest FY 03 $42,502.01 $697,785.99
Interest FY 04 $16,795.35 $714,581.34
Interest FY 05 $11,094.86 $176,820.20
Interest FY 06 $12,570.24 $82,962.46
Interest FY 07 $12,303.70 $52,764.15
Interest FY 08 $7,665. $758,215.23
Road FY 1999 i
Recording Fees FY 99 Principal $2,373.60 G.O.Bonds $760,588.83
Design&Construction Eng. Principal $15,419.70 G.0.Bonds $776,008.53 r
Construction of Rd&Sewer Principal $78,364.41 G.O.Bonds $854,372.94
Financing FY 98-00 Interest $64,919.28 G.O.Bonds $919,292.22
GMAC Tax Rebates Principal TIF Rebate
75%2003
$126,460,50 $1,045,752.72
60%2004 $121,49760 $1,167,250.32
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45%2005 $105,821.10 $1,273,07L42
30%2006 $72,557.49 $1,345,628.91 s`
15%2007 $31,691.70 $1,377,320.61
VGM Tax Rebates Principal TIF Rebate
M" 50%2009 $50,788.00 $1,428,108.61
50%2010 $152,742.00 $1,580,850.61
50%2011 $102,094.00 $1,682,944.61
50%2012 $101,146.00 $1,784,090.61
s0%2013 $111,138.00 $1,895,228.61
CV Medical HQ Principal TIF Rebate
50%2009 $117,232.07 $2,012,460.68
50%2010 $86,068.00 $2,098,528.68
50%1011 $86,186.00 $2,184,714.68
50%2012 $55,455.01 $2,240,169.69
50%2013 $0.00 $2,240,169.69
WW Grainger,Inc. $2,240,169.69
100%2012 $186,234.00 $2,426,403.69
100%2013 $193,342.00 $2,619,745.69
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100%2014 $180,624.00 $2,800,369.69 1
100%2015 $174,488.00 $2,974,857.69 4
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100%20L6 $160,288.00 $3,135,145.69
-- 100x2017 $�5762OR $3,292,765.69
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49%zols• 77z,$79822Q0. $3,372,587.69
Financial Resource Advisors Principal TIF Rebate $3,372,587.69 g
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100%2012 $74,596.00 $3,447,183.69 "
100%2013 $72,824.00 $3,520,007.69
100%5114 $68,034.00 $3,588,041.69
loox 2015 $65,090.00 $3,653,131.69
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100962016 $58,724.00 $3,711,855.69
100%2017 $57>112s40 $3,768,967.69
52%2018• $31,896.00 $3,800,863.69 v
Cardinal(2nd bid)(before split) Principal TIF Rebate
T 100%2013 $100,128.00 $3,900,991.69
100%.2014 $46,216.00 $3,947,207.69
100%20ls $22,240.00 $3,969,447.69
00 America Principal TIF Rebate z
EXHIBIT"A" _
June 30,2017 _
Project Designation,San Marn n Tax Increment Development Area
Schedule I 4
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2
100%2015 $h,451.00 $3,991,898.69
-100%2016 $39,068.00 $4,030,966,69
140112017 =V.7j'660:00 $4,068,626.69
100/.2018• $41,248.00 $4,109,874.69 i
801/.2019• $32,998.00 $4,142,872.69
MBAK Principal TIF Rebate
1001K 2014 $57,124.00 $4,199,996.69
100%2011 $54,500.00 $4,254,496.69
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100%2016 $48,906.00 $4,303,402.69
100%204 1$47,398:0.0 $4,350,800.69
100%2018• $51 150.00 $4,402,320.69 '
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100%2019• :$51 520:00 $4q$4,580,234.69
45384069 `-
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100%2020' $51y52U00
3615 2021• 48:00
Cardinal Veterans Clinic Principal TIF Rebate
99%2014 $56,326.00 89%2015 $27,073.00 a
89%2016 $77,873.00 $4,685,180.69
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99%2017 $46;9300 $4,732,114.69
99%2019-
$50,800.00 $4,782,914.69 {
891:2019' $50,800.00 $4,833,714.69 '
89%2020• $50,800,00 $4,884,514.69
19%2021 $50,800.00 $4,935,314.69
891/.2022• $50,800.00 $4,986,114.69 r
19%2023• $50,800.00 $5,036,914.69 F
MFGC,LLC Principal TIF Rebate
72%2046 $25,552.00 $5,062,466.69
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71%2017 >$23$980..0 $5,08064.69 E
71%2019' $27,774.00 $5,114,138.69 '
71%2019' $27,774.00 $5,141,912.69 u
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71%2020' $27,774.00 $5,169,686.69
71%2021' $27,774.00 $5,197,460.69 t
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' 71%2022• $27,774.00 $5,225,234,69 '
71%2023' $27,774.00 $5,253,008.69
71%2024' $27,774.00 $5,280,782.69
fI%2025; $27,774.00 $5,308,556,69
Hope Martin Anderson Principal TIF Rebate
50%2015 $13,186.00 $5,321,742.69
50%201 $23,670.00 $5,345,412.69
50%2017 "$10;1.74;00 $5,355,586.69
50-A 2019-
$13,812,00 $5,369,398.69
501/62019' $13,812.00 $5,383,210.69
Green Acres Storage Principal TIF Rebate $5,383,210.69
92%2019-
$67,216.00 $5,450,426.69 s
77/.2020 $63,118.00 $5,513,544,69
75%2024' $61,478.00 $5,575,022.69
75%2022• $61,478.00 $5,636,500.69
75y.?023• $61,478.00 $5,697,978.69
601/.2024•
$49,184.00 $5,747,162.69
6a%2021•
$49,184.00 $5,796,346.69
CBE Land Purchase Principal $740,000,00 2005 GO Bonds $6,536,346.69
Interest $245,900.00 2005 GO Bonds $6,782,246.69
VGM Access Road Principal $600,000.00 2005 GO Bonds $7,382,246,69
Interest $197,330.00 2005 GO Bonds $7,579,576.69
VOM Fund 406-FY2006 Principal $400,000.00 2006 GO Bonds $7,979,576.69
Interest $223,315.02 2006 GO Bonds $8,202,891.71
San Maman Development Principal $100,000.00 2007 GO Bonds $8,302,891.71
Fund 407 FY2007 Interest $35,153.50 2007 GO Bonds $8,338,045.21
Principal $200,000.001 2008 GO Bonds $8,538,045.21
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EXHIBIT"A"_
June 30,2017 9
---,---Project Designation:San Tax Increment Development Area
Schedule I
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403,19(2)
Fund 408 FY2008 Interest $59,000.00 2008 GO Bonds $8,597,045.21
San Marnan Development-Fund Principal ($280,000.00) 2006 GO Bonds $8,317,045.21
406 -Refund old Debt Interest ($76,862.50) 2006 GO Bonds $8,240,182.71
San Marnan Development-Fund Principal $280,000.00 2013 GO Bonds $8,520,182.71
413 -Refinance 406 Funds Interest $23,153.60 2013 GO Bonds $8,543,336.31
San Marnan Development-Fund Principal ($355,000.00) 2005 GO Bonds $8,188,336,31
405 -Refund old Debt Interest ($06,865.00) 2005 GO Bonds $8,121,471.31
San Marnan Development-Fund Principal $355,000.00 2012 GO Bonds $8,476,471.31
412 -Refinance 406 Funds Interest $35,569.00 2012 GO Bonds $8,512,040.31
San Marnan Development-Fund Principal ($445,000.00) 2005 GO Bonds $8,067,040.31
405 -Refund old Debt Interest ($84,16(100) 2005 GO Bonds $7,982,880.31.
San Marnan Development-Fund Principal $445,000.00 2012 GO Bonds $8,427,880,31
412 -Refinance 406 Funds Interest $44,575,97 2012 GO Bonds $8,472,456.28
Tower Park Dr&Sewer-FY principal ($57,420.00) 2000 GO Bonds $8,415,036.28
2000 -Refund old Debt interest ($17,678,0(1) 2000 GO Bonds $8,397,358,28
Tower Park Dr&Sewer-Fund principal $57,420.00 2007 GO Bonds $8,454,778,28
407 -Refinance FY 00 Funds interest $2,232,00 2007 GO Bonds $8,457,010.28
Fund 407-Reallocated from Principal $19,140.80- 2007 GO Bonds $8,476,151.08
Logan Ave Interest $6,786.57 $8,482,937.65
Fund 407-Reallocated from Principal $48,071.35 2007 GO Bonds $8,531,009,00
Martin Rd Interest $17,044.18 $8,548,053.18
Fund 408-Reallocated from Principal $75,000.00 2008 GO Bonds $8,623,053.18
Logan Ave Interest $23,750.00 $8,646,803.18
Fund 408-Reallocated from Principal $80,000.00 2008 GO Bonds $8,726,803.18
Martin Rd Interest $25,000.00 $8,751,803.18
L&H Farms Advance $439,179.20 Advance $9,190,982.38
Dry Run Sewer Study(FY1 0) Advance $19.69 Advance $9,191,002.07
Dry Run Sewer Study(FYI 1) Advance $9,539.75 Advance $9,200,541,82,
L&H Forms Advance $751,943.25 Advance $9,952,485.07 ti
Env.Site Assessment Advance $5,999.28 Advance $9,958,484.35 1,f
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FYI 2 GCVA Principal $16,167.00 Contract $9,974,651.35
FY1 3 GCVA Principal $24,000.00 Contract $9,998,651.35
FY14 GCVA Principal $16,166.66 Contract $10,014,818.01
FY1 5 GCVA Principal $12,833,34 Contract $10,027,651,35
FY16 GCVA Advance $16,166.67 Contract $10,043,818.02
FY17 GCVA Advance $16,166.68 Contract $10,059,984.70
FY13 L&H Farms Advance $334,109.50 Advance $10,394,094.20
FY14 L&H Farms Advance $857,909.51 Advance $11,252,003.71
FY15 L&H Farms Advance $132,410.50 Advance $11,384,414.21
FYI 6 L&H Farms Advance $734,031.74 $12,118,445.95
FYI 5 Administrative Expenses Advance $6,253.74 Advance $12,124,699,69
FYI 6 Administrative Expenses Advance $4,600.00 $12,129,299.69
FY17 Administrative Expenses Advance $6,955.19 Advance $12,136,254.88
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FY10 South W10o Bus Park Site C Advance $27,895.59 $12,164,150.47
FY17 South Woo Bus Park Site C Advance. $1,410.00 Advance $12,165,560.47
San Marnan Management,Ltd, Advance $750,000.00 Advance $12,915,560.471
Grant
Galactic/Fit7way Dr Extension Advance $48,572.00 Advance $12,964,132.47
Fisher Drive Sewer Ext. Advance $33,786.00 Advance $12,997,918.47
117 San Marnan Rd Work(Paint E Advance $54,967.28 Advance $13,052,885,75
$13,052,885.75
$13,052,885.75
$13,052,885.75
•Estimated
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EXHIBIT "B" '
June 30 2016
Project Designation: San Marnan Tax Increment Development Area
Schedule 2
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 03.19(2)
Amount Cumulative
� No. Year Other Revenue Cu ul F
Received
Received from Received Amount
Payments under
Sec.402.12(2)
1 FY 1997 $0.00 $0.00
2 FY 1998 $0.00 $0.00
3 FY 1999 $0.00 $0.00
4 FY 2000 $0.00 $0.00
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5 FY 2001 $0.00 $0.00
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6 FY 2002 $115,934.72 $115,934.72
7 FY 2003 $146,872.14 $180,000.00 $442,806.86
8 FY 2004 $177,843.34 $620,650.20
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9 FY 2005 $205 502.00 _
851.80 $82b,
10 FY2006 $214,330.06 $1,040,832.06
11 FY2007 $199,764.79 $6,118.47 $1,246,715.32
12 FY2008 $395,258.07 $10,724.47 $1,652,697.86
13 FY2009 $690,161.90 $1,252.06 $2,344,111.82
14 FY2010 $715,267.61 $943.98 $3,060,323.41
15 FY2011 $898,340.12 $353.67 $3,959,017.20
16 FY2012 $1,057,234.37 $995.06 $5,017,246.63
17 FY2013 $1,240,893.60 $345.77 $6,258,486.00
18 FY2014 $1,181,125.96 $1,402.62 $7,441,014.58
19 FY2015 ;' 1'23.1'348:74. $469.62 $8,672,832.94
20 FY2016 $1,244,835.16 $1,943.51 $9,919,611.61 F
21 FY2017 $a233.y4 ;1.:94. $0.00 $11,173,063.55
22 FY2018* $1.;253,45:x::9,4, $12,426,515.49 A
*Estimated t
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Rev thru FYE16�- $9,7151062.38 y $204,549.23
Rev FYE08 thru FYE16 $8,654,465.53 $18,430.76
Rev thru FYE07 $1,060,596.85
The rollback.:replaCemenf funds for FYE16 were not included in the City's cumulative revenue worksheet
I added them 1212112016.
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EXHIBIT "B"
June 30 2016
Project Designation: San Marnan Tax Increment Development Area
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Schedule 2 s
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 03.19(2)
No. Year Amount Other Revenue Cumulative
Received Received from Received Amount
Payments under g
Sec.402.12(2)
1 FY 1997 $0.00 $0.00, #
2 FY 1998 $0.00 $0.00 x
3 FY 1999 $0.00 $0.00
4 FY 2000 $0.00 $0.00
5 FY 2001 $0,00 1 $0.00
6 FY 2002 $115,934.72 $115,934.72
7 FY 2003 $146,872.14 $180,000.00 $442,806.86
8 FY 2004 $177,843.34 $620,650.20
9 FY 2005 $205,851.80 $826,502.00
10 FY2006 $214,330.06 $1,040,832.06
11 FY2007 $199,764.79 $6,118.47 $11246,715.32
12 FY2008 $395,258.07 $10,724.47 $1,652,697.86
13 FY2009 $690,161.90 $1,252.06 $2,344,111.82 1.
14 FY2010 $715,267.61 $943.98 $35060,323.41
15 FY2011 $898,340.12 $353.67 $3,959,017.20
16 FY2012 $1,057,234.37 $995.06 $5,017,246.63
17 FY2013 $1,240,893.60 $345.77 $6,258,486.00
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18 FY2014 $1,181,125.96 $1,402.62 $7,441,014.58
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19 FY2015 $1,231,348.74 $469.62 $8,672,832.94
20 FY2016 $1,244,835.16 $1,943.51 $9,919,611.61
21 FY2017 $1,253,451.94 $0.00 $11,173,063.55
22 FY2018* $1;253,451.94 $12,426,515.49
*Estimated
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