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Council Packet - 2/4/2019
Council Work Session February 4, 2019 Time indicated below Harold E. Getty Council Chambers Roll Call. Approval of Agenda, as proposed or amended. 3:50 p.m. Review of a new chronic nuisance vehicle ordinance. Submitted By: Dan Trelka, Chief of Police Approx. Amendment to the automated traffic enforcement ordinance. 4:05 p.m. Submitted By: Dan Trelka, Chief of Police Approx. Discussion of Five Sullivan Brothers Convention Center RFP for 4:20 p.m. convention center management and operation services. Submitted By: Noel Anderson, Community Planning & Development Director Approx. FYE2020 Budget overview presentation. 4:40 p.m. Submitted By: Michelle Weidner, Chief Financial Officer ADJOURNMENT Kelley F elchle City Clerk CITY OF WATERLOO Council Communication Review of a new chronic nuisance vehicle ordinance. City Council Meeting: 2/4/2019 Prepared: 1/30/2019 REVIEWERS: Department Reviewer Action Date olice Department Feldhle, KHy Approved 1./30/2,01g 11:21 AM ATTACHMENTS: Description Type Ordinance as proposed 1.3acku.p AtinterUal SUBJECT: Submitted by: Recommended Action: Summary Statement: Expenditure Required: Source of Funds: Policy Issue: Alternative: Background Information: Review of a new chronic nuisance vehicle ordinance. Submitted By: Dan Trelka, Chief of Police Chapter 6 CHRONIC NUISANCE VEHICLES DRAFT 5-6-1: DEFINITIONS 1. AUTOMATED TRAFFIC CITATION: Shall mean a notice of fine generated in connection with section 6-1-4. 2. CHRONIC NUISANCE VEHICLE: Any vehicle that has generated five or more Automated Traffic Citations and/or Officer Traffic Citations in any period less than 12 months for traffic violations. 3. OFFICER TRAFFIC CITATION: Shall mean a notice of fine generated in connection with section 6-1-5. 4. VEHICLE OWNER: Shall mean the person or entity identified by the Iowa Department of Transportation, or registered with any other state vehicle registration office, as the registered owner of a vehicle. 5-6-2: PURPOSE The purpose of this ordinance is to establish a systematic procedure for effectively abating the operation of vehicles that negatively impact the safety upon the roadways in the City of Waterloo. The manner in which these vehicles are being driven tends to place an undue and inappropriate burden upon the taxpayers in the City of Waterloo by the frequent and chronic use of law enforcement and fire rescue services due to the response to accidents caused by this driving behavior. 5-6-3: CHRONIC NUISANCE VEHICLES PROHIBITED No vehicle owner shall use or allow any vehicle to be used as a chronic nuisance vehicle. 5-6-4: ENFORCEMENT Any vehicle that has generated five or more Automated Traffic Citations and/or Officer Traffic Citations in any period less than 12 months for traffic violations is deemed a chronic nuisance vehicle and has placed an undue and inappropriate burden on the taxpayers of the City of Waterloo. The vehicle owner shall be liable for a fine as imposed by this ordinance. 5-6-5: CIVIL VIOLATIONS AND PENALTIES Any person who violates or resists the enforcement of any of the provisions of this chapter shall be guilty of a municipal infraction punishable by a civil penalty of one hundred dollars ($100.00) for the initial offense and two hundred dollars ($200.00) for each repeat offense. CITY OF WATERLOO Council Communication Amendment to the automated traffic enforcement ordinance. City Council Meeting: 2/4/2019 Prepared: 1/30/2019 REVIEWERS: Department Reviewer Action Date olice p Iik. KHy Approved 1/30/2,01g 1:2,9 A M ATTACHMENTS: Description Type Ordinance as proposed 11 acku.p AtinterUal SUBJECT: Submitted by: Recommended Action: Summary Statement: Expenditure Required: Source of Funds: Policy Issue: Alternative: Background Information: Amendment to the automated traffic enforcement ordinance. Submitted By: Dan Trelka, Chief of Police 6-1-4: AUTOMATED TRAFFIC ENFORCEMENT: A. General: The City of Waterloo, in accordance with its police powers, may deploy, erect or cause to have erected an automated traffic enforcement system for making video images of vehicles that fail to obey red light traffic signals at intersections designated by the Chief of Police, or his designee, or fail to obey speed regulations at said intersections or other locations in the City. The systems may be managed by the private contractor that owns and operates the requisite equipment with supervisory control vested in the City's Police Department. Video images shall be provided to the Police Department by the contractor for review. The Police Department will determine which vehicle owners are in violation of the City's traffic control ordinances and are to receive a notice of violation for the offense. C. Vehicle Owner's Civil Liability For Certain Traffic Offenses: 1. The vehicle owner shall be liable for a fine as imposed below if such a vehicle crosses a marked stop line or the intersection plane at a system location when the traffic signal for that vehicle's direction is emitting a steady red light or arrow. 2. The vehicle owner shall be liable for a fine as imposed below if such vehicle travels over the posted limit while failing to stop at a red light. CITY OF WATERLOO Council Communication Discussion of Five Sullivan Brothers Convention Center RFP for convention center management and operation services. City Council Meeting: 2/4/2019 Prepared: 1/30/2019 REVIEWERS: Department Reviewer Action Date P lnnnn ; & Zone mk F&hie, Kelley approved V30/2,019 ... :35 AM. ATTACHMENTS: Description Type D RIP $ a.ckun 1' SUBJECT: Submitted by: Recommended Action: Summary Statement: Expenditure Required: Source of Funds: Policy Issue: Alternative: Background Information: Discussion of Five Sullivan Brothers Convention Center RFP for convention center management and operation services. Submitted By: Noel Anderson, Community Planning & Development Director City of Waterloo Five Sullivan Brothers Convention Center Request for Proposals for facility operation and management Submission Deadline: 1:00 p.m. April 1, 2019 TABLE OF CONTENTS FACILITY OVERVIEW 1 GOALS AND OBJECTIVES OF PROFESSIONAL MANAGEMENT 1 MANAGEMENT AND OPERATIONS SCOPE OF SERVICES 2 AGREEMENT TERM 3 SUBMISSION REQUIREMENTS 3 EVALUATION PROCEDURE AND SCHEDULE 4 PROPOSAL FORMAT AND CONTENT REQUIREMENTS 6 INDEMNIFICATION AND INSURANCE 11 FAILURE TO PROCURE INSURANCE 12 INSURANCE CHECKLIST 12 i FACILITY OVERVIEW The City of Waterloo is seeking proposals for the management, operation, and booking of the Five Sullivan Brothers Convention Center (Convention Center) in Waterloo, Iowa. The Convention Center, located in the heart of downtown Waterloo, is owned and maintained by the City of Waterloo. The Convention Center was built in 1975 and is currently operated under a lease and management agreement that will expire on December 31, 2019. Two skywalks connect the Convention Center to a parking garage and a Ramada hotel. The Convention Center is currently used for conferences, weddings, concerts, pool and dart tournaments, and exhibits. The building features a main exhibit hall and several meeting rooms on the first and second floors. The Convention Center also features a commercial grade kitchen designed to prepare meals for large catering events. Floor plans of the facility are available upon request. A walk through of the Convention Center may be scheduled but must be completed by March 15, 2019. Please contact Noel Anderson at 319-291-4366 or noel. anderson@waterloo- ia.org to request a walk through or floor plans. The City of Waterloo is seeking responses from those firms that have proven experience in convention center management in communities of similar or larger size throughout the country. GOALS AND OBJECTIVES OF PROFESSIONAL MANAGEMENT The following are the goals and objectives of the City of Waterloo in issuing this RFP and entering into a contract with a private firm for operational management services in relation to the Convention Center. 1. Manage, operate, and maintain the facility to the highest industry standards and in the best interest of the City. Ensure that the facility is kept clean, safe, secure, and in good working order. 2. Protect the City's capital investments through high quality maintenance, supervision of repairs, and recommendations to the City on capital improvements. 3. Effectively involve, as much as is practical, all sectors of the local community in the business and employment opportunities that will become available as a direct or indirect consequence of the operation of the Convention Center. 4. Maximize community -wide economic impact (via the accommodation of non -local conventions, tradeshows, conferences and meetings) and overall utilization of the facility, while focusing on minimizing the annual operating cost borne by the City. 5. Book a mix of community -oriented and business events providing economic and cultural benefits to the City, which by their nature involve all segments of the community and may lead to direct profits to the Convention Center. 1 6. Deliver a broad array of cultural, educational, entertainment, sporting, meeting, conference, exhibition, and other activities and events to meet the demands of residents of the City of Waterloo. 7. Work closely with the City of Waterloo, Waterloo Convention and Visitors Bureau (dba Experience Waterloo), Main Street Waterloo, and the local hospitality industry to aggressively promote and market the Convention Center. 8. Attract regional and national events that will increase the economic impact that the Convention Center has on the region via hotel room nights, food and beverage sales, entertainment and transportation and other such direct spending. 9. Maintain a system of communication that encourages linkage and collaborative effort between and among other segments of the hospitality industry within the community. 10. Maintain an open, clear, and responsive reporting system that enhances all facility operations and public perception of the Convention Center. 11. Meet or exceed the benchmarks established by the Performance Review Board, which rates and evaluates customer service satisfaction. MANAGEMENT AND OPERATIONS SCOPE OF SERVICES 1. The City requires the Proposer to manage, in the most efficient and cost effective manner possible and in compliance with all applicable laws, virtually all aspects of facility operations, such as grounds -keeping, custodial and maintenance services, security, booking, marketing, event services including event setup/tear down, scheduling, sponsorship and promotional services and financial/administrative services including accounting, budgeting, purchasing, human resources/personnel and contracting. 2. Specific services and expectations of the Proposer will include, but not be limited to the following: a. Ensure that the facility is meeting revenue goals for booking the venue monthly. Conduct marketing and promotional efforts to generate additional events, conferences, and expos to the facility that gamer an increase in revenue for the City of Waterloo and an increased economic impact for the community. b. Ensure that the facility is kept clean, safe, sanitary, and maintained in good working order. Conduct repairs as necessary, certifying that work is compliant with, and when possible exceeds, City, County, State and Federal regulations. Provide, or cause to be provided, all incidental services required in connection with the Convention Center or its events and provided services. Ensure grounds are properly manicured and aesthetically pleasing. Hire, train, and maintain an adequate staff of courteous and efficient employees on duty at the Convention Center and provide appropriate supervision of such employees. 2 c. Collect all revenues generated through the operation of the Convention Center, deposit into an account in the name of the City of Waterloo, and document and spend all monies necessary for the proper management, operation, marketing, sales, maintenance, and supervision of the facility. Prepare and submit monthly financial, operating, maintenance, management, and other such reports as required by the City of Waterloo. d. Develop annual plans and operational budgets for City approval incorporating defined performance measures. Comply with the spending limitations imposed by such plans and budgets. Upon conclusion of the fiscal year, conduct an audit by a certified public accounting firm to develop audited financial reports and to certify compliance with generally accepted accounting principles. e. Administer all utility and other contracts required in the ordinary course of business in operating the Convention Center, and if necessary or requested by the City, participate in the solicitation of, and negotiations with, competing service providers. f. Provide such advice and assistance in relation to the operation, management, maintenance, and supervision of the Convention Center as the City may require including, but not limited to, recommending potential changes to sources of revenue, partnerships, prices and policies, and other such practices that could potentially add to the financial success of the facility. g. Respond in a timely manner to reasonable requests from the City. AGREEMENT TERM The Convention Center operates under a Lease and Management Agreement that expires on December 31, 2019. The City wishes to enter into a new management agreement at the conclusion of the current agreement or at the early termination of the agreement, whichever event occurs first. The contract will be for a period of three years. SUBMISSION REQUIREMENTS 1. Proposals should provide a straightforward and concise description of the Proposer's ability to fulfill the requirements of the proposal. The following outlines information to be included in the proposal. This outline is not all-inclusive and Proposers can add information as deemed appropriate: a. Proposals should be submitted to the address listed in the Evaluation Procedure and Schedule section of this RFP. b. A cover letter, which will be considered an integral part of the proposal, must be signed by an individual who is authorized to bind the Proposer contractually and must certify that all statements in the proposal are true and correct. The letter must indicate the title or position that the individual holds in the firm. 3 c. If a Proposer has a suggested form of agreement that would address the performance requirements of this RFP, then the form must be submitted with the proposal for review by the City's legal counsel during the evaluation of proposals. The City shall not be bound to use the Proposer's agreement form or a modified form of it. 2. The City shall evaluate all of the proposals on the same basis as nearly as reasonably possible. In order to ensure a uniform review process and to obtain the maximum degree of comparability, it is required that proposals conform in all respects to the specifications outlined herein. Failure to comply may eliminate proposals from consideration. Proposals must be organized in the following manner as outlined in the Proposal Format Requirements section. EVALUATION PROCEDURE AND SCHEDULE 1. Each Proposer is required to submit copies of their proposals as follows: four (4) unbound hard copies of the proposal that includes all information in the format outlined in this Request for Proposals (RFP). Proposals must be received by 1:00 p.m., April 1, 2019 in a sealed envelope that states "Convention Center RFP" on the front of the envelope. Proposals must be mailed to the following by the deadline listed above: Noel Anderson Community Planning and Development Director City of Waterloo City Hall 715 Mulberry Street Waterloo, IA 50703 The Community Planning and Development Director will review all submissions and remove any that are non -conforming or non-responsive to the RFP. Responses will then be delivered to a committee composed of City staff, elected officials, and relevant stakeholders for review and evaluation. The City will then enter into negotiations regarding a Management and Operation Agreement and other related agreements, if appropriate. 2. Proposals for consideration must contain evidence of the firm's experience and abilities in the specified area and other disciplines directly related to the proposed services. Other information required by the City to be submitted in response to this RFP is included elsewhere in this solicitation. 3. Proposals will be evaluated by a Proposal Evaluation Selection Committee using the proposal format and content requirements set forth herein and other requirements and requests stated in this RFP. a. Committee members will evaluate each proposal based on their experience and judgment of how well the proposal addresses the City's requirements and needs. Each prospective company is assured that any proposal submitted will be evaluated using the best available information and without any forgone conclusions. 4 b. Consideration will also be given to solicited written clarification provided during the evaluation process and input from staff or other persons judged to have useful expertise that should be considered in a responsible, fair assessment of the relative merits of each proposal. c. The Committee may arrange interviews and/or conference calls with representatives of the companies whose proposals are deemed to be within the "competitive range." The purpose shall be the clarification of any aspect of the proposal that is deemed to have a material bearing on arriving at a fair determination of which proposal(s) offers the best overall value. In addition, each Proposer deemed to be within the competitive range may be invited to submit a "best and final offer" if such seems appropriate under the clarifications issued to the provisions and specifications of this solicitation. d. When evaluations are completed, the Committee will determine which proposer has submitted the best proposal using the criteria set forth herein and will make its recommendation to the City Council. The committee anticipates completing proposal reviews by May 6, 2019. The City will negotiate the terms and conditions of a written agreement with such proposer, and upon completion of negotiations, the City Council will award the contract and authorize the Mayor to execute it on behalf of the City. No agreement shall be deemed to be created and exist, unless and until the City Council adopts a resolution awarding the contract and authorizes the Mayor to sign the contract. e. A Proposer's submission of a proposal constitutes its acceptance of the City's evaluation technique described in this section and its recognition and acceptance that subjective judgments will be used by the evaluators in the evaluation. 4. The City reserves the rights to the following: a. Revise or extend this evaluation procedure and schedule at its sole option. In its sole discretion, expand or reduce the criteria upon which it bases its final decisions regarding selection of an operator for the Convention Center. b. Reject any or all proposals or parts of proposals, to negotiate modifications of proposals submitted, and to negotiate specific proposal elements with a Proposer into a project of lesser or greater magnitude than described in this RFP or the Proposer's reply. c. Negotiate any modifications to a proposal that it deems acceptable, waive minor irregularities in the procedures, and reject any and all proposals. d. Process the selection of the successful Proposer without further discussion. e. Delay the award until the term of the current Lease and Management Agreement expires on December 31, 2019 or, in the event the agreement is terminated early, at any point prior to December 31, 2019. 5 f. The City shall be the sole judge of Proposers' qualifications and reserves the right to verify all information submitted by the Proposers. Final selection of a proposal will be made of the responsive and responsible firm whose proposal, conforming to these documents, is most advantageous and offers the greatest overall value to the City of Waterloo with regard to the criteria detailed and the specifications set forth herein. The City will evaluate proposals in light of all factors it considers relevant, including but not limited to price, prior dealings, reputation, knowledge, skills, demonstrated experience in managing similar facilities, and other information provided by the Proposer in response to this RFP. PROPOSAL FORMAT AND CONTENT REQUIREMENTS 1. To facilitate comparison and evaluation, Proposers must follow the format outlined in this section. Failure to follow the required format may, at the sole discretion of the City, result in the rejection of the submittal. Proposals shall contain concise written material and illustrations that enable a clear understanding and evaluation of the capabilities of the Proposer. Legibility, clarity, and completeness are essential. The City, at its sole discretion, may reject any proposal which is unclear in any way. 2. Proposals must be organized in the following manner and order: a. A cover letter that specifically states that the Proposer understands the work to be accomplished and briefly outlines the Proposer's strengths in providing the required services. An authorized corporate officer should sign this letter. b. Title page with name of Proposer's firm/entity, address, telephone number, web address, name of contact person, email address and the title of the RFP. c. Table of contents that includes a clear identification of the written material by section and page number. d. Qualifications and Experience: 1. Professional Resumes. 2. References from current clients in cities of similar size and market. e. General information about Proposer's firm/entity. (See below for specific requirements) f. Firm background qualifications. (See below for specific requirements) g. Management plan. (See below for specific requirements) h. Marketing plan. (See below for specific requirements) i. Operation plan. (See below for specific requirements) 6 j. Financial plan. (See below for specific requirements) 3. The Proposer must provide the required information both as to itself and any other person, including without limitation, any corporation, partnership, contractor, joint venture, consortium, or individual which the Proposer intends to assign to a key management role in the agreement with the City of or to which the Proposer intends to assign material responsibilities under any such agreement. 4. General Information: a. Include a written assurance that no member, officer or employee of the Proposer or its designees or agent or public official exercising any functions or responsibilities with respect to the proposed services will have any personal financial interest, direct or indirect, in any contract, subcontract or proceeds thereof, for work to be performed in connection with the proposed project. b. Provide a description of the proposing entity's current legal status (i.e., Corporation, Partnership, Sole Proprietor, Joint Venture, etc.). c. Provide the proposing entity's Federal Identification Number. 5. Firm Background Qualification: a. Provide a profile of your organization and describe its legal structure, principal officers and organizational structure. The Proposer must identify and distinguish between its own experience, qualifications, and that of any parent entity, predecessor, and/or wholly owned or partially owned subsidiary of the Proposer. b. Provide a copy of any organization profile, sales brochure or other documentary information pertaining to your organization. c. Provide resumes of key personnel and principals of the organization. Identify the extent to which each principal executive or staff member will be involved in the management of the Convention Center and whether such involvement will be on a fully informed daily basis or in an advisory capacity. d. In order to protect the City from the sudden loss of managerial services, management shall ensure that there is at least one other manager on the Convention Center staff, thoroughly familiar with the management and operation of these facilities and associated issues and processes, who could capably serve in an interim capacity as the manager of the Convention Center. e. Provide audited and certified financial statements for your organization's last three years of operation. If the Proposer is a Joint Venture, a copy of the Joint Venture agreement must be submitted for each party. 7 f. Provide a complete and detailed history of your organization's facility management experience for the last five years. Information provided should include a description of services provided, examples of successful operational strategies, with particular attention on: 1. Experience in rendering assistance to municipalities in the preparation and publication of information for community organizations and news media with regard to convention center and other public assembly facilities. Include the name(s) of the community and contact name(s), address(es), telephone and facsimile number(s) and type of facility. 2. Experience providing consulting services regarding the development and design of convention centers and other public assembly facilities. Include the name(s) of the community and contact name(s), address(es), telephone and facsimile number(s) and type of facility. 3. Specific, quantifiable measures of success at other facilities managed by your organization, with particular emphasis on convention/conference facilities that are located in communities of a comparable size to the City of Waterloo and are located in the Midwest. 4. Specific expertise gained from past management experiences relevant to potential future Convention Center operations. 5. Provide a minimum of three professional references from the conference, convention, tradeshow and/or public/consumer show industries, including contact name(s), address(es), telephone and facsimile number(s) and industry type. 6. Provide a comprehensive list of contracts that have not been renewed with the Proposer within the last five years, and the reason for non -renewal. Include name, physical address, and type of facility, in addition to the name, title, address, telephone, and facsimile number of the client contact or contract administrator. 7. Provide an explanation of your entity's experience in working with government entities and other entities that market facilities for a government entity, including cooperative efforts, philosophy and results. 6. Management Plan: a. Provide an explanation of the overall philosophy on how the Convention Center will be managed. b. Provide information on employee/employer relationships and the proposed management structure for the facility; suggested management organizational chart; how the management team will report to your organization's corporate offices and to the City; 8 how you expect to interact with City officials and community stakeholders; and the other departmental functions, including City administration, marketing/public relations, tourism operations/event services and finance. c. Provide a suggested staff organizational chart that would reflect the proposed operating structure for the Convention Center listing positions, functions, and responsibilities. d. Provide actual examples of management/financial reports used by your organization to advise governmental entities of performance. 7. Marketing and Sales Plan a. Describe the proposed marketing and sales concepts that will further the goals and objectives of the Convention Center while also maximizing the benefits to the City of Waterloo area that will increase Hotel/Motel Tax revenue. b. Include your approach for co -promoting events and/or creating new events at the Convention Center. c. Describe the proposed approach to booking/scheduling, promoting, advertising, and marketing events at the Convention Center. Include procedures and policies for scheduling events with outside event planners/promoters, event coordinators and others. Describe the approach for booking/scheduling local events. Include specific examples of the Proposer's ability to attract and successfully service and implement the proposed events. d. Proposer shall include any available evidence and examples of networking among the Proposer's clients or other means used to enhance programming and describe the extent to which such means would be available at the Convention Center. e. List event scheduling goals for the first three years of operation, including type and number of events. f. Describe past experience working with other entities, such as local marketing/tourism organizations, local hotel properties, or other entities in marketing and event booking. g. Describe how event scheduling and promoting will be coordinated with the hotel attached to the Convention Center, surrounding hotels, and local entities. h. Describe the organization of the proposed marketing/sales staff for the Convention Center. Provide an organizational chart listing positions, functions, and responsibilities. i. Discuss the possibility of operating under a non -competition agreement, whereby the Proposer agrees that during the term of the agreement it will not operate any convention or exhibition center within 100 miles of the Facility, without the prior written approval of the City. If the Proposer does not intend to operate under a noncompetitive agreement, 9 discuss any competing facilities managed by the Proposer, with a particular focus on managed facilities within sixty miles of the Facility. Present a plan for preventing any conflict of interest in managing competing facilities. 8. Operations Plan: a. Provide a description of the policies and proposed methods of providing the following facility management services. Include a discussion of providing these services in-house or by contracting with an outside party, as well as a discussion of your approach for dealing with existing agreements. 1. Event Set-up and Teardown: Labor, equipment, and materials required to timely and adequately set-up and breakdown all events utilizing the Convention Center. 2. Event Services: All services such as cleaning, business services, electrical, carpentry, and plumbing required for a successful event. 3. Site Maintenance and Engineering: All maintenance and engineering services required to guarantee a safe and well-maintained facility and efficient operation of the Convention Center. Describe the upkeep and preventative maintenance plan for the facility. 4. Security: All security services needed to keep the Convention Center and surrounding grounds safe for visitors and in compliance with all laws. 5. Custodial Services: Labor and maintenance required to clean and service all areas of the Convention Center. 6. Food Services: The provision, labor, purchasing, and maintenance required to manage first-class catering and concessions at the Convention Center. b. Identify those services intended to be contracted out and to whom they would be contracted to. The Proposer should list any local third -party entities or those outside Black Hawk County. 9. Financial Plan: a. Provide a strategy for minimizing the annual operating expenses and maximizing the annual operating revenues of the Convention Center. A primary mission of the Convention Center is to generate new visitation and associated economic impact for the community. However, it is understood that a strong focus on the maximization of economic impact can have negative effects on convention facility financial performance, and vice versa. Discuss the critical balance that needs to be struck for convention facilities between financial operating performance and economic impact generation, and 10 examples of approaches/strategies that you have employed to attempt to bring these two issues closer to a "win-win" situation for the facility and community. b. Provide examples of management reports that will be submitted to the City on a monthly basis detailing profits/losses, surcharge details and any other significant financial activity from the previous month. c. Understanding that the City will be financially responsible for, and have the final approval of capital improvements, provide a description of your entity's role in identifying and prioritizing capital improvements, including approval, billing, purchasing, and contracts. 10. Compensation Proposal: a. It is the City's desire to obtain creative compensation proposals related to the management of the Convention Center. It is assumed that compensation for the selected Proposer will consist of a "base and incentive fee" structure. At a minimum, each proposal shall address the following: 1. Base Fee: The amount of the annual fee for management services, if any. 2. Incentive Fee(s): Identify the standards that will be used to determine the amount of the incentive fee. The City is interested in incentives that balance the need for avoiding or minimizing operating deficits, maximizing the attraction of non -local, economic impact generating events, maintaining high standards of physical product and service quality. 3. Capital Investment(s): Identify areas in which the Proposer will invest in additional fixtures, equipment, or other aspects of the Convention Center. b. Describe the nature and amount of the financial resources that would be committed by the Proposer to enhance the likelihood of the successful operation and management of the Convention Center. All compensation proposals must comply with IRS regulations to protect the tax-exempt status of the City's bonds. INDEMNIFICATION AND INSURANCE 1. A successful Proposer shall agree to protect, defend, indemnify, and hold the City harmless from any and all liability, loss, damage or expense, including but not limited to attorney fees, arising from all claims of bodily injury, death, or property damage arising out of or resulting from the acts or omissions of Proposer, its officers, managers, employees, and agents, in respect of their activities in respect of the agreement or the Convention Center, but specifically excluding any losses, damage or expense resulting from the sole negligence of the City or its agents. 2. A successful Proposer shall agree that without limitation of the foregoing, it agrees to protect, 11 defend, indemnify, and hold the City harmless from any and all liability, loss, damage, or expenses arising from any employment relationship between the successful Proposer and its employees, including claims under any statute, such as but not limited to the worker's compensation laws, unemployment compensation laws, civil rights laws, the Equal Employment Opportunity Act, and the Fair Labor Standards Act. 3. A successful Proposer shall obtain, provide, and maintain during the term of the agreement the types and amounts of insurance as indicated on the Insurance Checklist below. The City of Waterloo shall be named as an additional insured on all liability policies required by this contract. When naming the City of Waterloo as an additional insured, Proposer shall ensure that the insurance companies endorse the policies to state that the City will not be liable for the payment of any premiums or assessments. 4. Any exceptions to these requirements must be approved by the City Clerk's Office. FAILURE TO PROCURE INSURANCE A successful Proposer's failure to procure or maintain required insurance program shall constitute a material breach of Agreement under which the City may immediately terminate the proposed Agreement. INSURANCE CHECKLIST 1. Workers' Compensation and Employer's Liability per the statutory limits of the State of Iowa. 2. Comprehensive General Liability (occurrence form), limits of liability $1,000,000 per occurrence and $2,000,000 in the aggregate for bodily injury property damage to include Premises/Operations; Products, Completed Operations and Contractual Liability; Contractual Liability and Contractual Indemnity (Hold harmless endorsement exactly as written in "insurance requirements" of specifications). 3. Automobile Liability: $1,000,000 each occurrence - owned/non-owned/hired automobiles included. 4. Excess Liability: $10,000,000 per occurrence to follow the primary coverages. 5. The City must be named as an additional insured on the liability policies and it must be stated on the certificate. Coverage shall be written on a primary and non-contributory basis and shall include a waiver of subrogation in favor of the City of Waterloo. 6. Other Insurance as indicated: a. Liquor Liability $1,000,000.00 b. Fire Legal Liability $ 300,000.00 12 c. Employee Dishonesty Bond $ 100,000.00 7. All such policies shall be in form and with insurance carriers acceptable to the City of Waterloo. Each such policy shall provide that thirty (30) days' prior written notice of cancellation must be given to City before cancellation of the policy will be effective. Seller will take all steps required to prevent all such insurance from lapsing or being canceled. Seller will submit a duly signed certificate of insurance issued by an insurer acceptable to City for the aforementioned insurance coverage. 13 CITY OF WATERLOO Council Communication FYE2020 Budget overview presentation. City Council Meeting: 2/4/2019 Prepared: 1/30/2019 REVIEWERS: Department Reviewer Action Date Finance 1 eUIchie, K. ey Approved. 1/30/2( SUBJECT: Submitted by: Recommended Action: Summary Statement: Expenditure Required: Source of Funds: Policy Issue: Alternative: Background Information: FYE2020 Budget overview presentation. Submitted By: Michelle Weidner, Chief Financial Officer vV' t)FYE2018 CERTIFIED AND FYE2019 CERTIFIED BUDGET COMPARISON - CITY OF WATERLOO GENERAL FUND Base Budget 1/31/2019 K:\USERS\MICHELLE-W\Budget FYE20\FY20 BUDGET_Base.xlsx 1 2/4/2019 3:39 PM A B D E F G H 1 J K L M 1 CERT FY 2019 BUDGET FY 2020 BUDGET % FY2019 BUDGET FY 2020 BUDGET FY2019TAXES $ FY2020TAXES 17.47593 0.11% LEVIED 2 BUDGET CODE ACTIVITIES -GENERAL FUND BUDGET CERTIFIED CERTIFIED CHANGE CERTIFIED CERTIFIED LEVIED $ 17.45595 $ AMOUNT 3 LINE EXPENSE EXPENSE REVENUE REVENUE CHANGE CHANGE 4 5 PUBLIC SAFETY 6 010-11-1100 POLICE OPERATIONS 1C 13,558,539 13,869748 2.30% 233,000 233,000 13,325,539 13,636,748 311,209 2.34% 7 010-11-1105 POLICE COMPUTER SERVICE 1C 213,780 213,780 0.00% 0 0 213,780 213,780 0 0.00% 8 010-11-1200 PUBLIC SAFETY ADMINISTRATION 1C 158,806 2,445,158 545,113 0 236,500 5,500 100,595 162,181 2,312,539 545,113 0 236,500 5,500 100,595 9,199,5281 2.13% 0 0 158,806 162,181 3,375 2.13% 9 200-11-1140 POLICE PENSION 1D -5.42% 0.00% 0.00% 0.00% 0.00% _ 0.00% 1.12% 0 545,113 0 236,500 5,500 _ 0 63,974 0 545,113 0 236,500 5,500 0 63,974 2,445,158 0 0 0 0 100,595 9,033,289 2,312,539 ® 0 {} � 0 100,595 9,135,554 (132,619) 0 1? r 0 0 102,265 -5.42%�r 70% .0.00% 0.00% ':O.00p 0.00% 1.13% 10 010-11-1150 POLICE GRANTS 1C 11 010-11-1150 POLICE GRANTS (DISCR H/M) 1C 12 010-11-1160 LAW ENFORCEMENT PROGRAMS 1C 13 010-11-1165 POLICE TOBACCO ENFORCEMENT 1C 14 010-01-1700 B.H. COUNTY EMA/SIREN MAINTENANCE 3C 15 010-12-1400 FIRE RESCUE 5C 9,097,263I 16 010-18-1405 FIRE -GARAGE PARTS & SERVICE 5C 190,918 1,652,882 25,305 163,707 0 2,170,273 I 193,708 1,566,091 25,305 167,089 0 2,209,643 1.46% 0 0 190,918 193,708 2,790 1 46% 17 200-12-1420 FIRE PENSION 5D -5.25% 0.00% 1 2.07 % 0.00% 1.81% 0 25,305 150,300 0 1,915,000 0 25,305 150,300 0�0 1,915,000 1 1,652,882 0 13,407 ... 255,273 "' 1,566,091 0 16,789 ! 0 294,643 (86,791) '' 0. 3,382 11 39,370 -5.25% 0.00%' 25.23% 0.00% 15.42% 18 010-12-1412 FIRE RESTRICTED PROGRAMS 5C 19 010-12-1415 HAZARDS REGIONAL RESPONSE TRG PROG 5C 20 010-12-1425 FIRE SAFER GRANT 5C 21 010-12-1410 FIRE AMBULANCE SERVICE 6C 22 200-12-1410 I FIRE AMBULANCE SERVICE PENSION 359,706 340,791 359,706 340,791 (18,915) 5.26% 23 24 010-18-1411 AMBULANCE -GARAGE PARTS & SERVICE 6C 38,500 38,500 0.00% 0 0 38,500 38,500 0 0.00% 010-22-5100 BUILDING INSPECTION 7C 1,179,327 1,238,130 4.99% 1,615,609 --- 0.88% 4,790,301 1,615,609 4,790,301 (436,282) 27,351,571 (377,479) 27,634,440 58,803 282,869 -13.48% 1.03% 25 26 TOTAL -PUBLIC SAFETY 11C 32,141,872 32,424,741 27 28 Less Fund 200 TOTAL -GENERAL FUND (4,457,746) 27,684,126 (4,219,421) 28,205,320 --- - - - 29 30 PUBLIC WORKS 010-07-7650 SIDEWALKS 12C 215,000 215,000 0.00% 215,000 215,000 0 0 0 0.00% 31 010-17-7910 PARKING FACILITY MAINTENANCE 13C 15,900 17,580 10.57% 0 0 15,900 ! 17,580 1,680 10.57% 32 010-22-7930 PARKING OPERATIONS 13C 533,500 533,500 0.00% 533,500 533,500 0 I 0 0 0.00% 33 010-29-7700 AIRPORT OPERATIONS 19C 1,045,407 1,066,030 1.97% 1,045,407 1,045,407 0 20,623 20,623 NEW 34 010-01-7800 MET TRANSIT AUTHORITY 21C 1,414,374 354,367 530,000 1,414,374 380,661 530,000 0.00% 0 0 1,414,374 1,414,374 0 0.00% 35 010-18-7950 CENTRAL GARAGE 21C 7.42% 84,800 84,800 269,567 295,861 26,294 9.75% 36 010-18-7952 CENTRAL GARAGE - CHARGEBACKS 21C 0.00% 530,000 530,000 0 0 0 0.00% 37 010-18-7955 MOTOR POOL -PASS THROUGH ACCOUNT 21C 1,935,768 1,935,768 0.00% 1,956,859 1,956,859 (21,091) (21,091) 0 0.00% 38 39 TOTAL -PUBLIC WORKS SERVICES BLACK HAWK COUNTY HEALTH DEPT. 22C 6,044,316 ==-- 26C 75,000 6,092,913 75,000 0.80% 4,365,566 - 0.00% 75,000 4,365,566 75,000 1,678,750 1,727,347 48,597 2.89% 40 41 42 HEALTH & SOCIAL 010-01-2200 , 0 0 0 0.00% 43 010-27-2500 I HUMAN RIGHTS COMMISSION 29C 260,422 r r r n r r r n r ,:., e r r 2.83% "I r r r r r r r c r r r r 0 r r r • r e r 0 m r07 ® w r 260,422 " `0 0 0 :< ',;,1,.''....,,,,,e0.00% 267,783 0 0 0 ' 7,361 0 0 0 o 2.83% 0.00% 0.00% 0.00% o.00 44 010-27-2505 EEOC CONTRACT 29C 45 010-27-2510 FAIR HOUSING ENFORCEMENT 46 010-27-2510 FAIR HOUSING PARTNERSHIP GRANT 47 010-27-2520 HUMAN RIGHTS PROJECTS 29C 48 49 TOTAL -HEALTH & SOCIAL SERVICES 30C 380,422 387,783 1.93% 120,000 120,000 260,422 267,783 7,361 2.83% K:\USERS\MICHELLE-W\Budget FYE20\FY20 BUDGET_Base.xlsx 1 2/4/2019 3:39 PM FYE2018 CERTIFIED AND FYE2019 CERTIFIED BUDGET COMPARISON - CITY OF WATERLOO GENERAL FUND Base Budget 1/31/2019 K:\USERS\MICHELLE-W\Budget FYE20\FY20 BUDGET_Base.xlsx 2 2/4/2019 3:39 PM A B D j E F G J H 1 J K L M 1 CERT FY 2019 BUDGET FY 2020 BUDGET % FY2019 BUDGET FY 2020 BUDGET FY2019TAXES FY2020TAXES $ 17.47593 0.11% LEVIED 2 BUDGET CODE ACTIVITIES -GENERAL FUND BUDGET CERTIFIED CERTIFIED CHANGE CERTIFIED CERTIFIED LEVIED $ 17.45595 $ AMOUNT 3 LINE EXPENSE EXPENSE REVENUE REVENUE CHANGE CHANGE 4 50 CULTURE & RECREATION 51 010-01-4405 CEMETERY OPERATIONAL SUBSIDY 35C 50,000 50,000 659,430 I 0.00% 0 0 50,000 50,000 635,208 316,785 0 0.00% 52 010-01-4220 GROUT MUSEUM 32C 638,064 3.35% 25,398 24,222 612,666 22,542 3.68% 53 010-26-4208 YOUTH PAVILION 32C 431,446405,085 -6.11% 88,300 88,300 343,146 (26,361) -7.68% 54 010-26-4250 CENTER FOR THE ARTS 32C 719,599 727,805 j 1.14% 135,579 135,579 584,020 592,226 8,206 1.41% 55 010-26-4251 RIVERLOOP EVENT FACILITIES 32C 13,068 13,850 35,000% 0 ` =.1 3 1,805,183 18417 3 000 i 61 865 m vx 20000v 4,120 v 87,147 `' 10,000 1,632,397 950,000 22,000 . " 0 0 ' ' 4 c 5.98% 0 00% ; NEW 4.04% 000°k�" 0 00 0 00% "00014 u 0 00% 267% 000% 1.90% 20,000 35,000 0 ^ ' 0 36,000 a 18,417 ;` ,3 ,000 " 51,865 20,004 ) " .4120 p $4884 10,000 39,737 20,000 35,000 0 18,643 36,000 18417=:000% 3,000 k: 51,86 20;000 ? d ' ' 4,120 87147 by 10,000 39,737 (6,932) 0 0 0 1,699,081 ,•R i4 OT s 7 ' ` 01 ) 0 :* '�dr0 D 1,562,152 (6,150) ti 0 0 t . ' 0 1,769,183 ' YQ 1 ' 0 t ;,yw 7d Y 0 ,p0 40 1,592,660 782 0 0 : v '..0 70,102 ' i 0 ,5° x .. 0' Op 0 0 0 30,508 -11.28% 0 00% 0 00%0 " 0.00% 4.13% 10 00% * 0 00% 0100%' 0'00%' 000 %4 % 0.00% ' 1.95% 56 010-26-4265 C&A GRANTS & PROJECTS 32C , ° e 57 010-26-4265 CENTER FOR THE ARTS (H/M) 32C 0 : 0 1,735,081 18417 3 000p 58 010-26-4265 CENTER FOR THE ARTS (DISCR H/M) 32C 59 60 010-33-3100 010-33-3110 LIBRARY SERVICES LIBRARY - ENRICH IOWA GRANT 31C+Ievy 31C 61 010-33-3150 LIBRARY OPEN ACCESS PLUS 31C 62 010-33-3160 LIBRARY GRANTS 31C ) 51 $65 20,000 4`120 :� 84, 84 63 010-33-3180 LIBRARY GIFT & MEMORIAL 31C 64 010-33-3190 IOWA LIBRARY SERVICE 31C 65 010-33-3200 COUNTY LIBRARY 31C 66 010-33-3210 LIBRARY OPEN ACCESS 31C 10,000" 1,601,889 950,000 22,000 0 67 010-37-4100 LEISURE SERVICES - PARKS 33C 68 010-37-4102 LEISURE SERVICES - PARKS - CHARGEBACK 33C 0.00% 0 OQ°lo �-;7000°(0 0.00% 950,000 22;000 ;p . ^0' 0 950,000 22 000 _=� 0 0 0 k " .< ... 0 0 00 0 0 0 0 0 0 I 0.00% 0.00% 0.00% 0.00% 69 010-37-4105 LEISURE SERVICES PROJECTS 33C 70 010-37-4105 LEISURE SERVICES PROJECTS (H/M) 33C 71 010-37-4106 LEISURE SERVICES - SOUTH HILL PARK 33C 0 72 010-37-4110 LEISURE SERVICES - DOWNTOWN MTCE 33C 380,516 409,362 7.58% 0 0 380,516 409,362 28,846 7.58% 73 010-37-4120 GOLF COURSES 34C 1,148,796 1,179,354 9,466 9,466 1 41 .000. `' 1,436,096 624,413 621,300 . 2.66% 0.0 -,_ - 0% 1 35% -0.50% 968,045 ;9466 1417,000 283,250 968,045 9466 1 438 096 283,250 180,751 0 "0 341,163 211,309 30,558 0 a 0 0 0 338,050 (3,113) 16.91% 0.00% 0.00% -0.91 % 74 010-37-4125 GOLF COURSE IMPROVEMENTS-SURCHARGI 34C 75 010-37-4180 SPORTSPLEX 34C 76 010-37-4200 SPORTS & YOUTH SERVICES 34C 77 78 010-37-4500 YOUNG ARENA 36C 774,768 783,472 1.12% 692,500 692,500 82,268 90,972 8,704 10.58% 79 TOTAL -CULTURE & RECREATION 38C 10,743,392 10,952,992 1.95% 4,914,561 4,953,387 5,828,831 5,999,605 170,774 2.93% 80 - - - 81 COMMUNITY & ECONOMIC DEVELOPMENT 82 010-08-5700 PLANNING&ZONING 42C 633,720 672,371 6.10% 445,155 445,155 188,565 227,216 38,651 20.50% 83 010-08-5750 RECREATION AREA DEVELOPMENT 43C 0 0 0.00% 45,200 45,200 (45,200) (45,200) 0 0.00% 84 010-08-5885 CITY PROPERTY MANAGEMENT 43C 110,983 110,983 0.00% 0 0 110,983 110,983 0 0.00% 85 010-01-5710 INRCOG MEMBERSHIP 43C 32,835 32,835 0.00% 0 102,633 Q 000w 7 80000 600,000 267,835 0 39,650 0 105,834 ! v Ov 240,000+ "'° 1 w 180 000 r s 7 " y6D0 000 267,835 0% =,.44,050. 32,835 32,835 0 0.00% 86 010-08-6100 PLANNING & ZONING -ECONOMIC DEVEL 40C 102,633 0 240,000 105,834 a0 o i •0 0,000 <'a 0 00 000 267.835 0 Q 3.12% 0.00% 0.00%24Q 0.00% 0.00% 0.00% 0.00% 11.10% 0 0 6 0 , t ® 0 A a r o '`. ' ,. `(0 0 0 0 » t 1 {1 7J! 0 ? 0 }`D 0 Ov o 0 0 j 0. 4 "? 0 3 a 0 Q 0 0 D 0.00% q•00% ,o.6o% 0'00°/d %. 0 00 /° 000% ; 0.00% 0.00% 0.00% 87 010-08-6105 ECONOMIC DEVELOP -SPECIAL PROJECTS 40C 88 010-01-6650 TOURISM PROMOTION -VARIOUS GRTS (H/M) 40C 89 010-01-6660 TOURISM PROMOTION -VARIOUS DISCR (H/M) 40C " 80,000 600,000 X267,835 0 39,650 90 010-01-6920 CONVENTION &VISITORS BUREAU (H/M) 40C 91 010-22-6860 SULLIVAN CENTER MAINTENANCE 43C 92 010-32-5850 COMM DEVEL-ADMINISTRATIVE 41C 93 010-32-5861 COMM DEVEL-LHAP HOUSING POOL 41C 94 95 TOTAL -COMMUNITY& ECONOMIC DEV 45C 2,107,656 2,153,908 2.19% 1,820,473 1,828,074 287,183 325,834 38,651 13.46% 96 - - - K:\USERS\MICHELLE-W\Budget FYE20\FY20 BUDGET_Base.xlsx 2 2/4/2019 3:39 PM FYE2018 CERTIFIED AND FYE2019 CERTIFIED BUDGET COMPARISON - CITY OF WATERLOO GENERAL FUND Base Budget 1/31/2019 K:\USERS\MICHELLE-W\Budget FYE20\FY20 BU DG ET_Base.xisx 3 2/4/2019 3:39 PM A B D E F G H 1 J K L M 1 CERT FY 2019 BUDGET FY 2020 BUDGET % FY2019 BUDGET FY 2020 BUDGET FY2019TAXES $ FY2020TAXES 17.47593 0.11% LEVIED 2 BUDGET CODE j ACTIVITIES -GENERAL FUND BUDGET CERTIFIED CERTIFIED CHANGE CERTIFIED CERTIFIED LEVIED $ 17.45595 $ AMOUNT % 3 LINE EXPENSE EXPENSE REVENUE REVENUE CHANGE CHANGE 4 97 98 GENERAL GOVERNMENT 99 010-01-8200 MAYOR'S OFFICE 46C 274,226 298,036 8.68% 0 0 274,226 298,036 23,810 8.68% 100 010-01-8280 COMMUNICATIONS 46C 10,891 377,832 40,000 10,891 384,914 40,000 0.00% 0 0 10,891 10,891 0 0.00% 101 010-01-8220 ADMIN SERVICES/MIS 46C 1.87% 1,445 1,445 376,387 383,469 7,082 1.88% 102 010-01-8222 ADMIN SERVICES/MIS - CHARGEBACKS 46C 0.00% 40,000 40,000 0 0 0 0.00% 103 010-02-8100 CITY COUNCIL 46C 72,948 1,294,004 0 74,008 1,277,862 0 1.45% 0 5,962,125 0 0 5,962,126 0 72,948 74,008 1,060 1.45% 104010-03-8400 CITY CLERK AND FINANCE 47C -1.25% (4,668,121) (4,684,264) (16,143) 0.35% 105 010-03-8400 CITY CLERK AND FINANCE - ELECTION COST 48C 0.00% 0 0 0 0.00% 106 107 010-03-8402 CITY CLERK AND FINANCE - CHARGEBACKS 47C 77,500 77,500 0.00% 77,500 77,500 0 0 0 0.00% 010-06-8600 CITY ATTORNEY 49C 256,627 1,293,908 500,000 275,921 1,329,685 500,000 7.52% 0 1 0 256,627 275,921 19,294 7.52% 108 010-03-8900 LIABILITY INSURANCE 51C 2.77% 0 0 1,293,908 1,329,685 35,777 2.77% 109 010-03-8902 LIABILITY INSURANCE - CHARGEBACKS 51C 0.00% 500,000 500,000 0 0 0 0.00% 110 010-03-8905 HEALTH/LIFE INSURANCE 0 0 0.00% 0 0 3,112,847 250,000 0 0 (466,302) 527,457 0 0.00% 111 010-03-8950 SELF FUNDED HEALTH INSURANCE 52C 2,646,545 2,646,545 0.00% 3,112,847 (466,302) 0 0.00% 112 010-03-8960 SELF FUNDED WORK COMP 52C 777,457 777,457 0.00% 250,000 527,457 0 0.00 % 113 010-03-8150 PUBLIC ACCESS STUDIO 52C 156,104 159,971 2.48% 30,750 30,750 125,354 129,221 3,867 3.08% 114 010-03-8970 PRINT SHOP 52C 46,000 46,000 0.00% 0 0 46,000 46,000 0 0.00% 115 010-09-2600 EAP SUBSTANCE ABUSE PROGRAM 52C 14,500 388,580 32,500 14,500 399,548 32,500 0.00% 0 0 14,500 14,500 0 0.00% 116 010-09-8250 HUMAN RESOURCES 52C 2.82% 0 0 388,580 399,548 10,968 2.82% 117 010-09-8252 HUMAN RESOURCES - CHARGEBACKS 52C 0.00% 32,500 32,500 0 0 0 0.00% 118 010-09-8255 SAFETY COMMITTEE 52C 17,500 575,123 5,0$5 8,815 17,500 567,861 ' a,085 8,815 0.00% 0 0 17,500 17,500 0 0.00% 119 010-22-8800 CITY HALUFACILITIES MAINTENANCE 50C -1.26% 0;00% 0.00% 0 "; '5 085` 0 0 " 5,085 0 575,123 " 0 8,815 567,861 0 8,815 (7,262) „ ` 0 0 -1.26% 0 00% 0.00% 120 010-22-8820 CITY FACILITIES RESTRICTED PROJECTS 50C 121 010-22-8850 VETERANS MEMORIAL HALL 50C 122 200-09-8980 UNEMPLOYMENT FUND 52D 17,472 17,472 0.00% 0 0 17,472 17,472 0 0.00% 123 124 TOTAL -GENERAL GOVERNMENT 53C 8,883,617 8,962,071 0.88% 10,012,252 10,012,253 (1,128,635) (1,050,182) 78,453 -6.95% 125 - - - 126 127 TRANSFERS 0 127,000 �' "127,0b 0 127,000 0.00% 0 00% 0.00% 0 4 2 400 127,000 a e0 127,000 a' 0 a 0 0 T O 0 0 0 0 0 0 00% 0.00% 0.00% 128 010-03-9050 HOTEUMOTEL DEBT SERVICE TRANSFER 75C 129 130 010-03-9050 TIF ECONOMIC DEV TRANSFER (INTERNAL TI 76C 010-08-9050 PLANNING & ZONING TRANSFER (TIF) 127,000 131 TOTAL -TRANSFERS 77C 132 1,310,100 710,000 0 1,250,000 0 0 0 133 STATE REPLACEMENT FUNDS (COMM/IND ROLLBACK) 0 (1,310,100) (1,250,000) 60,100 -4.59% 134 010-03-8400 PROPOSED USE OF FUND BALANCE 1 0.00% (710,000) 0 710,000 -100.00% 135 BACKFILL ADJUSTMENT 0 0.00% 0 0 0 0.00% 136 137 TOTAL CITY BUDGET - GENERAL FUND 60,428,275 61,101,408 1.11% 28,170,253 27,446,581 32,258,022 33,654,827 1,396,805 4.33% K:\USERS\MICHELLE-W\Budget FYE20\FY20 BU DG ET_Base.xisx 3 2/4/2019 3:39 PM FYE2018 CERTIFIED AND FYE2019 CERTIFIED BUDGET COMPARISON - CITY OF WATERLOO GENERAL FUND Base Budget 1/31/2019 K:\USERS\MICHELLE-W\Budget FYE20\FY20 BUDGET_Base.xlsx 4 2/4/2019 3:39 PM A B D E F G H 1 J K L M 1 CERT FY 2019 BUDGET FY 2020 BUDGET % FY2019 BUDGET FY 2020 BUDGET FY2019TAXES FY202OTAXES $ 17.47593 0.11% LEVIED 2 BUDGET CODE ACTIVITIES -GENERAL FUND BUDGET CERTIFIED CERTIFIED CHANGE CERTIFIED CERTIFIED LEVIED $ 17.45595 $ AMOUNT % 3 LINE EXPENSE EXPENSE REVENUE REVENUE CHANGE CHANGE 4 138 - - 139 TAXABLE VALUATION FYE2019 FYE2020 Increase % Increase 140 (In Thousands) (In Thousands) (Decrease) L (Decrease) 141 Taxable valuation - including TIF but excluding gas & electric utility values 2,449,148 2,539,331 90,183 3.68% 142 Taxable valuation - excluding TIF & gas & electric utility values 2,185,860 2,271,362 85,502 3.91% 143 Taxable valuation - including TIF and electric utility values 2,532,423 2,634,856 102,433 4.04% 144 Taxable valuation - excluding TIF but including gas & electric utility values 2,269,135 2,352,623 83,488 3.68% 145 Commercial/Industrial Property Rollback 1 96,974 105,541 8,567 8.83% 146 Commercial/Industrial Property Rollback for Debt Service 106,110 125,097 18,987 17.89% 147 148 Taxable valuation - Ag Land 13,846 14,264 418 3.02% Tax Askings per One Cent of Levy 22,691 23,526 835 3.68% 149 85.00% 150 _ PROPERTY TAX LEVY ANALYSIS: FY2019 TAX FY2019 TAX FY2020 TAX STATE BACKFILL FY2020 TAX $ AMOUNT 151 LEVY RATE LEVY CORP ROLLBACK 310,374 160,895 RATE CHANGE 152 153 DEBT SERVICE LEVY 7,567,577 $ 2.98828 7,690,889 $ 2.91890 $ 123,312 POLICE & FIRE PENSION SYSTEM _ 4,457,746 $ 1.96451 4,219,421 $ 1.79350 $ (238,325) 154 •EMERGENCY MGMT COMMISSION LEVY 100,595 $ 0.04433 100,595 3,836 $ 0.04276 $ - 155 TRANSIT LEVY 1,414,374 $ 0.62331 1,414,374 53,933 $ 0.60119 $ - 156 TORT INSURANCE LEVY 1,293,908 $ 0.57022 1,329,685 50,703 $ 0.56519 $ 35,777 157 FICA/IPERS LEVY 1,996,545 $ 0.87987 1,996,545 3,679,771 527,457 76,132 $ 0.84865 $ - 158 HEALTH INSURANCE LEVY 2,803,012 $ 1.23528 140,316 $ 1.56411 $ 876,759 159 WORKERS COMP. INSURANCE LEVY 527,457 $ 0.23245 20,113 $ 0.22420 $ - 160 UNEMPLOYMENT LEVY 17,472 $ 0.00770 17,472 666 $ 0.00743 $ - 161 162 LIBRARY VOTED LEVY 612,666 $ 0.27000 635,208 24,222 $ 0.27000 $ 22,542 EMERGENCY LEVY 612,666 $ 0.27000 635,208 24,222 $ 0.27000 $ 22,542 163 GROUT LEVY 612,666 $ 0.27000 635,208 24,222 $ 0.27000 $ 22,542 164 AG LAND LEVY 41,588 42,845 $ 1,257 165 GENERAL FUND $8.10 LEVY 18,379,993 $ 8.10000 19,056,246 726,651 $ 8.10000 $ 676,253 167 168 TOTAL PROPERTY TAX LEVY $ 40,438,265 $ 17.45594 $ 41,980,924 $ 1,616,285 $ 17.47593 $ 1,542,659 $ 1,497,575 ROLLBACK REPLACEMENT - GENERAL LEW NCLUDING EMPLOYEE BENEFITS LEW, EXCL DEBT SERVICE $ 1,257,467 $ - 169 ROLLBACK REPLACEMENT- GENERAL LEVY I $ 883,567 170 ROLLBACK REPLACEMENT EMPLOYEE BENEFITS LEW $ 6,838,981 $ 422,344 171 172 173 AMOUNT CHANGE IN TAX LEVY $ 1,542,659 $ 0.02 %CHANGE 3.81% 0 19,056,246 0.11% AMOUNT (OVER) UNDER $8.10 LEVY LIMIT $ - 174 ADJUSTED TOTAL PROPERTY TAX LEVY (AT GF $8.10 LEVY LIMIT) I $ 17.47593 175 176 GENERAL FUND $8.10 LEVY INCREASE (DECREASE) 676,253 177 TOTAL PROPERTY TAX COLLECTION INCREASE 3.81% K:\USERS\MICHELLE-W\Budget FYE20\FY20 BUDGET_Base.xlsx 4 2/4/2019 3:39 PM FYE2018 CERTIFIED AND FYE2019 CERTIFIED BUDGET COMPARISON - CITY OF WATERLOO Base Budget 1/31/2019 GENERAL FUND K:\USERS\MICHELLE-W\Budget FYE20\FY20 BUDGET_Base.xlsx 5 2/4/2019 3:39 PM A B D E F G H I J K L M 1 CERT FY 2019 BUDGET FY 2020 BUDGET' % FY2019 BUDGET FY 2020 BUDGET FY2019TAXES FY2020TAXES $ 17.47593 0.11% LEVIED 2 BUDGET CODE I ACTIVITIES -GENERAL FUND BUDGET CERTIFIED CERTIFIED CHANGE CERTIFIED CERTIFIED LEVIED $ 17.45595 $ AMOUNT % 3 LINE EXPENSE EXPENSE REVENUE REVENUE CHANGE CHANGE 4 178 179 Residential Tax Askings Home Value Avg Revaluation Adj Value Rollback Tax Incr Monthly Change % Change IOV $ 17.47593 $ 17.45595 181 FYE2020 152,234 152,234 0.56918 1,514.27 36.20 3.02 2.45% 182 FYE2019 152,234 Ind reval 152,234 0.556209 1,478.07 (47.52) (3.96) -3.11% 183 $ 17.60000 FYE2018 152,234 152,234 0.569391 1,525.58 34.74 2.90 2.33% 184 $ 17.60522 FYE2017 147,973 2.88% 152,234 0.556259 1,490.84 25.86 2.16 1.77% 185 $ 17.76370 FYE2016 147,973 147,973 0.557335 1,464.98 19.92 1.66 1.38% 186 $ 17.95159 FYE2015 154,138 -4% 147,973 0.544002 1,445.06 20.93 1.74 1.47% 187 $ 17.49319 FYE2014 154,138 154,138 0.528166 1,424.13 (0.01) (0.00) 0.00% 188 $ 18.20505 FYE2013 154,138 154,138 0.507518 1,424.14 37.79 3.15 2.73% 189 $ 18.53335 FYE2012 154,138 154,138 0.485299 1,386.35 65.76 5.48 4.98% 190 $ 18.26406 FYE2011 154,138 154,138 0.469094 1,320.59 34.15 2.85 2.65% 191 $ 18.30689 FYE2010 154,138 154,138 0.455893 1,286.43 38.51 3.21 3.09% 192 $ 18.36687 FYE2009 144,054 7% 154,138 0.440803 1,247.93 16.26 1.36 1.32% 193 $ 18.76669 FYE2008 144,054 144,054 0.455596 1,231.67 (17.04) (1.42) -1.36% 194 $ 18.84580 FYE2007 132,160 9% 144,054 0.45996 1,248.71 34.44 2.87 2.84% 195 $ 19.15566 FYE2006 132,160 132,160 0.479642 1,214.27 10.97 0.91 0.91% 196 $ 18.78999 FYE2005 118,000 12% 132,160 0.484558 1,203.30 56.70 4.72 4.95% 197 $ 18.90914 FYE2004 118,000 118,000 0.513874 1,146.60 26.52 2.21 2.37% 198 $ 18.37162 FYE2003 100,000 18% 118,000 0.516676 1,120.08 118.52 9.88 11.83% 199 $ 17.80075 FYE2002 100,000 N/A 100,000 0.562651 1,001.56 96.99 8.08 10.72% 200 $ 16.49097 FYE2001 100,000 100,000 0.548525 904.57 GUI 202 Commercial Tax Askings Property Value Avg. Revaluation Adj Value Rollback Tax Ina- (Decr) Monthly Change % Change LOO $ 17.47593 $ 17.45595 204 FYE2020 752,427 752,427 0.90 11,834.43 13.53 1.13 0.11% 205 FYE2019 752,427 752,427 0.90 11,820.90 11,918.44 (97.55) (3.53) (8.13) (0.29) -0.82% -0.03% 206 $ 17.60000 FYE2018 752,427 752,427 0.90 207 $ 17.60522 FYE2017 752,427 752,427 0.90 11,921.98 (107.32) (8.94) -0.89% 208 $ 17.76370 FYE2016 752,427 752,427 0.90 12,029.30 (802.60) (66.88) -6.25% 209 $ 17.95159 FYE2015 752,427 752,427 0.95 12,831.90 (330.45) (27.54) -2.51% 210 $ 17.49319 FYE2014 752,427 752,427 1 13,162.35 (535.62) (44.64) -3.91% 211 $ 18.20505 FYE2013 752,427 752,427 1 13,697.97 (247.02) (20.59) -1.77% 212 $ 18.53335 FYE2012 752,427 752,427 1 13,944.99 202.62 16.89 1.47% 213 $ 18.26406 FYE2011 752,427 752,427 1 13,742.37 (32.23) (2.69) -0.23% 214 $ 18.30689 FYE2010 752,427 752,427 1 13,774.60 (7.98) (0.67) -0.06% 215 $ 18.36687 FYE2009 690,300 9% 752,427 0.997312 13,782.58 827.94 68.99 6.39% 216 $ 18.76669 FYE2008 690,300 N/A 690,300 1 12,954.65 55.85 4.65 0.43% 217 $ 18.84580 FYE2007 690,300 N/A 690,300 0.991509 12,898.79 (324.36) (27.03) -2.45% 218 $ 19.15566 FYE2006 690,300 N/A 690,300 1 13,223.15 348.79 29.07 2.71% 219 $ 18.78999 FYE2005 585,000 18% 690,300 0.99257 12,874.36 1,812.51 151.04 16.39% 220 $ 18.90914 FYE2004 585,000 N/A 585,000 1 11,061.85 554.11 46.18 5.27%' 221 $ 18.37162 FYE2003 585,000 N/A 585,000 0.977701 10,507.74 94.30 7.86 0.91% 222 $ 17.80075 FYE2002 585,000 N/A 585,000 1 10,413.44 766.22 63.85 7.94% 223 $ 16.49097 FYE2001 500,000 17% 585,000 1 9,647.22 GL'F K:\USERS\MICHELLE-W\Budget FYE20\FY20 BUDGET_Base.xlsx 5 2/4/2019 3:39 PM FYE2018 CERTIFIED AND FYE2019 CERTIFIED BUDGET COMPARISON - CITY OF WATERLOO GENERAL FUND Base Budget 1/31/2019 K:\USERS\MICHELLE-\\Budget FYE20\FY20 BUDGET_Base.xlsx 6 2/4/2019 3:39 PM A B D E F I G H I J 1 K 1 L M 1 CERT FY 2019 BUDGET FY 2020 BUDGET % FY2019 BUDGET FY 2020 BUDGET FY2019TAXES FY2020TAXES $ 17.47593 0.11% LEVIED 2 BUDGET CODE ACTIVITIES -GENERAL FUND BUDGET CERTIFIED CERTIFIED CHANGE CERTIFIED CERTIFIED LEVIED $ 17.45595 $ AMOUNT % 3 LINE EXPENSE EXPENSE REVENUE REVENUE CHANGE CHANGE 4 225 Industrial Tax Askings Adj Value Rollback Tax Incr (Decr) Monthly Change % Change $ 17.47593 $ 17.45595 227 FYE2020 1,000,000 N/A 1,000,000 0.90 15,728.34 17.98 1.50 0.11% 228 FYE2019 1,000,000 N/A 1,000,000 0.90 15,710.36 (129.65) (10.80) -0.82% 229 $ 17.60000 FYE2018 1,000,000 N/A 1,000,000 0.90 15,840.00 (4.70) (0.39) -0.03% 230 $ 17.60522 FYE2017 1,000,000 N/A 1,000,000 0.90 15,844.70 (142.63) (11.89) -0.89% 231 $ 17.76370 FYE2016 1,000,000 N/A 1,000,000 0.90 15,987.33 (1,066.68) (88.89) -6.25% 232 $ 17.95159 FYE2015 1,000,000 N/A 1,000,000 0.95 17,054.01 (439.18) (36.60) -2.51% 233 $ 17.49319 FYE2014 1,000,000 N/A 1,000,000 1 17,493.19 (711.86) (59.32) -3.91% 234 $ 18.20505 FYE2013 1,000,000 N/A 1,000,000 1 18,205.05 (328.30) (27.36) -1.77% 235 $ 18.53335 FYE2012 1,000,000 N/A 1,000,000 1 18,533.35 269.29 22.44 1.47% 236 $ 18.26406 FYE2011 1,000,000 N/A 1,000,000 1 18,264.06 (42.83) (3.57) -0.23% 237 $ 18.30689 FYE2010 1,000,000 N/A 1,000,000 1 18,306.89 (59.98) (5.00) -0.33% 238 $ 18.36687 FYE2009 1,000,000 N/A 1,000,000 1 18,366.87 (399.82) (33.32) -2.13% 239 $ 18.76669 FYE2008 1,000,000 N/A 1,000,000 1 18,766.69 (79.11) (6.59) -0.42% 240 $ 18.84580 FYE2007 1,000,000 N/A 1,000,0001 1 18,845.80 (309.86) (25.82) -1.62% 241 $ 19.15566 FYE2006 1,000,000 LN/A N/A 1,000,000 1,000,000 1 1 19,155.66 18,789.99 365.67 (119.15) 30.47 (9.93) 1.95% -0.63% 242 $ 18.78999 FYE2005 1,000,000 243 $ 18.90914 FYE2004 1,000,000 N/A 1,000,000 1 18,909.14 537.52 44.79 2.93% 244 245 $ 18.37162 FYE2003 1,000,000 N/A 1,000,000 1 18,371.62 570.87 47.57 3.21% $ 17.80075 FYE2002 1,000,000 N/A 1,000,000 1 17,800.75 1,309.78 109.15 7.94% 246 $ 16.49097 FYE2001 1,000,000 N/A 1,000,000 1 16,490.97 247 248 zas Multi -Residential Tax Askings Adj Value Rollback Tax Incr (Decr) Monthly Change % Change $ 17.47593 $ 17.45595 250 FYE2020 500,000 N/A 500,000 0.7500 6,553.47 (319.81) (26.65) -4.65% 251 FYE2019 500,000 N/A 500,000 0.7875 6,873.28 (386.72) (32.23) -5.33% 252 $ 17.60000 FYE2018 500,000 N/A 500,000 0.8250 7,260.00 (332.25) (27.69) -4.38% 253 $ 17.60522 FYE2017 500,000 N/A 500,000 0.8625 7,592.25 (401.41) (33.45) -5.02% 254 $ 17.76370 FYE2016 500,000 N/A 500,000 0.9000 7,993.67 (533.34) (44.45) -6.25% 255 $ 17.95159 FYE2015 500,000 N/A 500,000 0.9500 8,527.01 (219.59) (18.30) -2.51% 256 $ 17.49319 FYE2014 500,000_ N/A 500,000 1 8,746.60 K:\USERS\MICHELLE-\\Budget FYE20\FY20 BUDGET_Base.xlsx 6 2/4/2019 3:39 PM 20 Budget Initial Presentatio City of Waterloo, Iowa Ee6ruary 2019 • Capital Improvements Program department requests were sent out October 10, 2018 and were due back November 14, 2018. Staff is reviewing those now. • The Finance Department developed the base personnel budgets based on FYE19 staffing. Information was provided to departments for review. • Finance has calculated the base budget using updated personnel and current year property valuations. Estimated FYE20 contractual information (retirements, new hires, pensions, health care costs and pay rates) were also included. • Departments were directed to review and provide realistic revenue and leave expenses at the FYE19 approved budget amounts. • Additional funding requests for critical needs were to be provided to the Finance Department in memo format. • Televised department budget review meetings with City Council members are tentatively scheduled for Saturday, February 16. • Work sessions can be scheduled as needed. • Council adopts resolution for budget publication February 18 (can't exceed rate or expense by program after publication). • Budget options - Staff, council members and the public are encouraged to submit additional budget ideas and options to the Finance Department before February 22. There may not be adequate time to consider suggestions made after the date for the FYE20 budget hearing is set. • A bond hearing must be held and approved prior to the budget hearing in order to levy tax for the new bond issue. • Special council meeting scheduled for Thursday, March 7 for the budget hearing and vote. 2 2018/2019 CITY TAX RATES DEPARTMENT OF MANAGEMENT - LOCAL BUDGET DIVISION LARGEST 15 CITIES RANKED BY POPULATION POPULATION RANKING TAXABLE VALUE 2010 JANUARY 1, 2017 VALUATION CENSUS REGULAR W G&E RANKING AGLAND TOTAL REGULAR W/0 AG LEVY RANKING 1 DES MOINES 203,433 7,486,189,752 1 6,704,673 17.24000 3 2 CEDAR RAPIDS 126,326 66,742,125,328 2 7,447,785 15.21621 7 3 DAVENPORT 99,685 4,326,896,040 4 18,374,024 16.78000 4 4 SIOUX CITY 82,684 2,755,194,418 9 4,593,927 16.07070 6 5 WATERLOO 68,406 2,269,134,955 13 13,845,512 17.45595 2 6 IOWA CITY 67,862 3,658,668,789 5 1,429,547 16.18305 5 7 COUNCIL BLUFFS 62,230 2,721,387,838 10 10,477,260 18.26000 1 8 AMES 58,965 2,914,741,622 8 2,930,613 10.06857 14 9 DUBUQUE 57,637 2,499,017,299 11 3,204,197 10.58844 13 10 WEST DES MOINES 56,609 4,785,995,533 3 6,977,893 11.79000 10 11 ANKENY 45,582 3,297,815,457 6 3,945,202 10.75000 12 12 URBANDALE 39,463 2,918,570,619 7 3,300,615 10.02000 15 13 CEDAR FALLS 39,260 1,837,202,491 14 6,010,597 11.22169 11 14 MARION 34,768 1,541,990,980 15 3,436,905 14.08999 8 15 BETTENDORF 33,217 2,293,250,132 12 4,925,411 12.50000 9 3 VALUATION (BILLIONS) 3.5 2.5 2 1.5 1 0.5 0 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 FISCAL YEAR 4 100% ASSESSED —a— TAXABLE —A— TIF r r-� This is a 3.38% increase in total assessed value and a 4.01% increase in taxable value for FYE20. • 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 FISCAL YEAR 4 1 4,000,000,000 3,500,000,000 3,000,000,000 2,500,000,000 2,000,000,000 1,500,000,000 1,000,000,000 500,000,000 OF' ASSESSMENT DATES JANUARY 1, 2007 THRC GH JANUARY 1, 2©1;8 RESIDENTIAL —■— COMMERCIAL —A—INDUSTRIAL ---MULTIRESIDENTIAL UTILITIES & R.R. -40—AG LAND —a—TOTAL VALUATION o$ S 09 10 11 12 13 14 15 16 17 18 19 20 PROPERTY TYPE BY FISCAL YEAR 5 2,50 ,000,000 2,000,000,000 1,500,000,000 1,000,000,000 500,000,000 ASSESSME CITY OF WATERLOG TAXABLE PROPERTY VALUATION EXCLUDING TIP T DATES JANUARY 1, 2007 THROUGH JANUARY 1, 2018 RESIDENTIAL -a- COMMERCIAL -A- INDUSTRIAL --MULTIRESIDENTIAL UTILITIES & R.R. `a TAXABLE VALUATION 0x 09 Y 10 11 41 x 12 13 14 15 �► v 16 PROPERTY TYPE BY FISCAL YEAR 17 18 19 20 6 1/11oade.sif-\ PROPERTY CLASS FYE2019 ASSESSED VALUES TOTAL ASSESSED VALUES FYE2020 AND FYE2019 BUDGETS Values as of January 1, 2018 EQUALIZATION ORDER INCREASE (DECREASE) TIF VALUE RELEASED NEW GROWTH INCREASE FYE2020 NET INCREASE FYE2020 ASSESSED (DECREASE); (DECREASE) VALUES NEW GROWTH RESIDENTIAL 2,524,417,297 0 26,124,900 26,124,900 2,550,542,197 1.03% COMMERCIAL 696,584,361 0 INCREASE NET 48,177,600 48,177,600 744,761,961 6.92% INDUSTRIAL 116,393,050 0 936,088 936,088 117,329,138 0.80%'. MULTI -RESIDENTIAL 75,638,647 TAXABLE NET (706,971) (706,971) 74,931,676 -0.93%',. MACHINERY & EQUIPMENT 0 0 (DECREASE) 0 0 0 '..... UTILITIES 171,804,780 0 7,259,151 7,259,151 179,063,931 4.23%''.. ADD: TIF 279,324,925 0 (43,513,997) 47,820,860 4,306,863 283,631,788 17.12%. LESS: MILITARY CREDIT 0 0 INDUSTRIAL 0 0 0 SUBTOTAL 3,864,163,060 0 (43,513,997) 129,611,628 86,097,631 3,950,260,691 3.35% AGLAND 24,215,799 0 0 1,660,871 1,660,871 25,876,670 6.86%''..... TOTAL 3,888,378,859 0 (43,513,997) 131,272,499 87,758,502 3,976,137,361 3.38%-'. Growth Without TIF UTILITIES 81,790,768 2.28% Notes: 1) Assessed Values provided by Black Hawk County 2) No Equalization Orders were issued for FYE2020. TOTAL TAXABLE VALUES FYE2020 AND FYE2019 BUDGETS Values as of January 1, 2018 Notes: 1) FYE2020 Rollback Factors = Residential 56.9180%, 2) FYE2019 Rollback Factors = Residential 55.6209%, 3) FYE2018 Rollback Factors = Residential 56.9391%, 4) FYE2017 Rollback Factors = Residential 55.6259%, 5) FYE2016 Rollback Factors = Residential 55.7335%, Commercial 90.00%, Industrial 90.00%, Multi -Residential 75.00% and Agland 56.1324% Commercial 90.00%, Industrial 90.00%, Multi -Residential 78.75% and Agland 54.4480% Commercial 90.00%, Industrial 90.00%, Multi -Residential 82.50% and Agland 47.4996% Commercial 90.00%, Industrial 90.00%, Multi -Residential 86.25% and Agland 46.1068% Commercial 90.00%, Industrial 90.00%, and Agland 44.7021% K:\USERS\MICHELLE-VV\Property Valuation\Valuation Growth 2020 Revaluations Separate.xls Val Growth FYE2020 FYE2019 EQUALIZATION NEW FYE2020 TAXABLE INCREASE NET ROLLBACK TIF GROWTH NET FYE2020 VALUES OF ROLLBACK INCREASE VALUE INCREASE INCREASE TAXABLE NET NEW TAXABLE PROPERTY CLASS (DECREASE) (DECREASE) RELEASED (DECREASE) (DECREASE) VALUES CHANGE GROWTH RESIDENTIAL 1,400,102,962 0 32,618,632 14,869,771 47,488,403 1,447,591,365 3.39% 1.06% COMMERCIAL 614,016,517 0 (3,263,971) 43,359,840 40,095,869 654,112,386 6.53% 7.06% INDUSTRIAL 101,985,208 0 (390,035) 842,479 452,444 102,437,652 0.44% 0.83%'. MULTI -RESIDENTIAL 59,565,472 0 (2,836,404) (530,228) (3,366,632) 56,198,840 -5.65% -0.89% MACHINERY & EQUIPMENT 0 0 0 0 0 0 0 0.00% UTILITIES 98,900,855 0 0 (1,685,411) (1,685,411) 97,215,444 -1.70% -1.70%'.. ''.ADD: TIF 263,287,703 0 0 (39,621,992) 44,303,588 4,681,596 267,969,299 1.78% 16.83% '.. LESS: MILITARY CREDIT (5,436,059) 0 0 503,198 503,198 (4,932,861) -9.26% -9.26%'... SUBTOTAL 2,532,422,658 0 26,128,222 (39,621,992) 101,663,237 88,169,467 2,620,592,125 3.48% 4.01%'.. AGLAND 13,845,512 0 0 0 418,190 418,190 14,263,702 3.02% 3.02%' TOTAL 2,546,268,170 0 26,128,222 (39,621,992) 102,081,427 88,587,657 2,634,855,827 3.48% 4.01%.......... Taxable Growth Without TIF I 26,128,222 57,274,641 2.53%.. Notes: 1) FYE2020 Rollback Factors = Residential 56.9180%, 2) FYE2019 Rollback Factors = Residential 55.6209%, 3) FYE2018 Rollback Factors = Residential 56.9391%, 4) FYE2017 Rollback Factors = Residential 55.6259%, 5) FYE2016 Rollback Factors = Residential 55.7335%, Commercial 90.00%, Industrial 90.00%, Multi -Residential 75.00% and Agland 56.1324% Commercial 90.00%, Industrial 90.00%, Multi -Residential 78.75% and Agland 54.4480% Commercial 90.00%, Industrial 90.00%, Multi -Residential 82.50% and Agland 47.4996% Commercial 90.00%, Industrial 90.00%, Multi -Residential 86.25% and Agland 46.1068% Commercial 90.00%, Industrial 90.00%, and Agland 44.7021% K:\USERS\MICHELLE-VV\Property Valuation\Valuation Growth 2020 Revaluations Separate.xls Val Growth FYE2020