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2015-918-11/23/2015
fi Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 . RESOLUTION NO. 2015-918 RESOLUTION APPROVING CERTIFICATION TO THE BLACK HAWK COUNTY AUDITOR EXPENDITURES THAT QUALIFY FOR REIMBURSEMENT IN THE FY2015 DOWNTOWN WATERLOO 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 Tax Increment Fund in the Downtown Waterloo Tax Increment District, as indicated in attached Exhibit "A" and Exhibit "B", are hereby approved. PASSED AND ADOPTED this 23rd day of November 2015 . Ernest G. Clark, Mayor ATTEST: /�,/&V-&//�& - elley F lchle Deputy ty Clerk - f o z l CITY TIF FORM 1-INDEBTEDNESS CERTIFICATION Cover Sheet CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS CERTIFICATION TO COUNTY AUDITOR I . I Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Tax Is Requested Use One Certification Per Urban Renewal Area I City: Waterloo County: Bieck Hawk E Urban Renewal Area Name: Waterloo Downtown Urban Renewal i Y Urban Renewal Area Number: 07015 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the City has outstanding loans, advances, indebtedness, or`bonds, none of which have been previously certified, in the collective amount shown below, all of which qualify for repayment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of Iowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 409,025 *There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. (Complete and attach'CITY TIF FORM 1.1'.) The County Auditor shall provide the available TIF increment tax in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the City. However, for any fiscal year a City may elect to receive less than the available TIF increment tax by certifying the requested amount to the County Auditor on or before the preceding December 1. (Fife 'CITY TIF FORM 2'with the County Auditor by the preceding December 1 for each of those fiscal years where afl of the TIF increment tax is not requested.) E ( A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the.year of occurrence. (File'CITY,TIF'FORM S with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax received from the County Treasurer.) 5 Notes/Additional Information: Please note that we removed$8,204 in debt reduction's and revenue ad iustments using Form 3 that did not carry, to this form. Net debt outstanding at 6/30/2015 should,be$15,951,561.64, F i' Dated this 26th day of November 2015 319.291.4323 Signature of Authorized Official Telephone i F it I i 1 i I CITY TIF FORM 1,1-To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 1 i i t t TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Waterloo County: Black Hawk Urban Renewal Area Name: Waterloo Downtown Urban Renewal Urban Renewal Area Number: 07015 (Use five-digit Area Number Assigned by the County Auditor) s Individual TIF Indebtedness Type/Description/Details: Date Approved*:. Total Amount: 1. Main Street:$40,000 07/14/2014 40,000" I v i []'X'this box if a rebate agreement. List administrative details on lines above. 2. Dolly James, LLC Tax Rebate Estimate: Increase of$8,352 01/30/2012 8,352 10 years at 100% is i x0'Xthis box if a rebate agreement. List administrative details on lines above. € 1.2015 GO Bonds Issued:Downtown Development Plan 06/09/2015 94,813 Principal:$80,000 . Interest:$14,813.33 Total$94,813.33 Y n'X'this box if a rebate agreement. List administrative details on lines above. 4. 2015 GO Bonds Issued: Downtown Acquisitions 06/09/2015 229,232 Principal:$200,000 Interest:$29,232.11 Total:$229,232.11 k []'X'this box if a rebate agreement. List administrative details on lines above. i �R 5. HQAA-JSA Tax Rebate Estimate: increase of$22,891. 12/19/2011 22,891 10 years at 100% ©'X'this box if a rebate agreement. List administrative details on lines above. If more indebtedness entry lines are needed continue to Form 1.1 Page 2. 3 Total For City TIF*Form 1.1 Page 1: 395,288 a k *"Date Approved"is the date that the local governing body initially approved the TIF indebtedness. 6 II , i I CITY TIF,FORM 1.1-To be attached to CITY TIF FORM 1 INDEBTEDNESS CERTIFICATION Page 2 i TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR I I City: Waterloo County: Black Hawk t Urban Renewal Area Name: Waterloo Downtown Urban Renewal Urban Renewal Area Number: 07015 (Use five-digit Area Number Assigned by the County Auditor) I ° Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: 6. NCN Tax Rebate Estimate Adjustment: Increase of$4,270 12/15/2008 4,270 I Ix 'X'this box if a rebate agreement. List administrative details on Eines above. 7. Administrative Expenses:$9,467.97 06/29/2015 9,467 a. I a t OW this box if a rebate agreement. List administrative details on lines above. t 8. 1. n r F jW this box if a rebate agreement. List administrative details on lines above. r 9• I I E]'X'this box if a rebate agreement. List administrative details on lines above. 10. j i [1'X'this box if a rebate agreement. List administrative details on lines above. i If more indebtedness entry fines are needed continue to Form 1.1 Page 3. Total For City TIF Form 1.1 Page 2: 13,737 t *"Date Approved"is the date that the local governing body initially approved the TIF indebtedness. i CITY TIF FORM 3 TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATIONOF TIF INCREMENT TAX RECEIVED FROM THE COUNTY TREASURER s "s CERTIFICATION TO COUNTY AUDITOR i Use One Certification Per Urban Renewal Area City. Waterloo County: Black Hawk Y Urban Renewal Area Name: Waterloo Downtown Urban Renewal s i Urban Renewal Area Number: 07015 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor thaf for the Urban Renewal Area within the City and County named above, the City has reduced previously certified indebtedness, by reason other than'application of TIF increment tax received l from the County Treasurer, by the total amount as shown below. E Provide sufficient detail so that the County Auditor will know how to specially administer your request. For example, ' you could have multiple indebtedness certifications in the Urban Renewal Area, and the County Auditor would need to know which particular indebtedness certification(s)to reduce.,If rebate agreements are involved with a reduction, and the County has segregated the rebate property into separate TIF Increment taxing districts, provide the five-digit county increment taxing district numbers for reference., Individual TIF Indebtedness Type/Description/Details: Amount Reduced.- Interest educed:Interest received during FYI 5:$1,855.61 1,856 Courier Tax Rebate Estimate Adjustment Reduction:$3,234 3,234 Court Square Tax Rebate Estimate Reduction:$2,120 2,120 s Fischels Holdings, LLC Tax Rebate Estimate Reduction:$994 994 ° 5 3, r i i Total Reduction In Indebtedness For This Urban Renewal Area: 8,204 Dated this 26th day of November 2015 S i' I 319.291,4323 Signature of Authorized Official Telephone I s Exhibit"A" R o Cumulative as of June 30,2015 Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program ti Schedule 1 i Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) DATE OF DESCRIPTION OF CUMULATIVE NO ISSUANCE OR SOURCE EXPENDITURE INDEBTEDNESS AMOUNT AMOUNT INCURRED 147 W.Park Ave.Paving Contract $273,409.61 Advance $273,409.61 91 Bridge Canopy Contract $573,433.57 Advance $846,843.18 152 Fourth Street Paving Contract $323,983.56 Advance $1,170,826.74 28 Bridge Lighting Contract $14,396.40 Advance $1,185,223.14 Phase I Study Contract $15,000.00 Advance $1,200,223.14 Phase II Study Contract $152,553.00 Advance $1,352,776.14 613 Water Acquisition Contract $72,500.00 Advance $1,425,276.14 UDAG#17/17/80 Principal $1,001,627.00 G.O.Bonds $2,426,903.14 Interest $428,749.00 G.O.Bonds $2,855,652.14 Phase III Stud 12/20/80 Contract $111,000.00 Advance $2,966,652.14 UDAG#2 7/6/81 Principal $774,990.00 G.O.Bonds $3,741,642.14 Interest $422,256.23 G.O.Bonds $4,163,898.3 j West Side Parking Ramp Principal $4,725,000.00 G.O.Bonds $8,888,898.37 7/15/82 Interest $4,779,262.50 G.O.Bonds $13,668,160.8 East Side Parking Ramp 8/1/83 Principal $1,500,000.00 G.O.Bonds $15,168,160.8 Interest $1,073,981.25 G.O.Bonds $16,242,142.1 ; East Side Parking Facility Principal $350,000.00 G.O.Bonds $16,592,142.1 8/1/84 Interest $325,777.00 G.O.Bonds $16,917,919,1 Conway Plaza Skywalk 8/1/84 Principal` $100,000.00 ED.Bonds $17,017,919.1 Interest $93,079.00 G.O.Bonds $17,110,998.1 East Fifth St.Parking Ramp Principal $50,000.00 G.O.Bonds $17,160,998.1 5/85 Interest $46,539.50 G.O.Bonds $17,207,537.6 Tax Redeemed Properties 5/85 Contract $5,004.49 Advance $17,212,542.11 Skywalk Feasibility Stud 8/85 Contract $25,000.00 Advance $17,237,542.11 317 E.4th Longfellow Property Contract $12,000.00 Advance $17,249,542.11 w 12M East Fifth Parking Ramp 5/86 Principal $50,000.00 G.O.Bonds $17,299,542.11 t Interest $37,051.09 G.O.Bonds $17,336,593.20 Ellis Hotel Demolition 8/86 Contract $15,000.00 Advance $17,351,593.20 Ellis Hotel Demolition 8/86 Contract $27,500.00 WIDA Advance $17,379,093.20 Paving 6/87 400 Blk E.4th St. Principal $360,000.00 G.O.Bonds $17,739,093.20 500 Blk Lafayette Interest $233,134.09 G.O.Bonds $17,972,227.29 East Fifth Parking Ramp 6/87 Principal $100,000.00 G.O.Bonds $18,072,227.29 Interest $64,759.47 G.O.Bonds $18,136,986.76 Conway Plaza Phase I Skywalk Principal $100,000.00 G.O.Bonds $18,236,986.76 Refinancing 6/87 Interest $64,759.47 G.O.Bonds $18,301,746.23 4th St.Bridge Covered Contract $127,000.00 Advance $18,428,746.23 Walkway 6/88 s Conway Plaza Skywalk 7/88& Loan $132,625.00 Advance $18,561,371.23 7/89 Park Avenue Parking Ramp Principal $2,000,000.00 G.O.Bonds $20,561,371.23 Expansion Interest $1,092,565.97 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 $21,710,012.45 Acquisition 5/98 Principal $37,944.83 1997 GO Bonds $21,747,957.28 Interest $18,369.06 1997 GO Bonds $21,766,326.34 Interest on Advance FY 98-00 TIF $68,160.00 Interest $21,834,486.34 Acquisition&Demo FY 98-00 TIF $116,002.25 Contracts $21,950,488.59 Acquisitions&Demo FY 98-00 Principal $647,654.75 1999 GO Bonds $22,598,143.34 Financing Interest 1 $421,307.9911999 GO Bonds $23,019,451.33 p Acquisitions&Demo FY 00 Principal $80,602,57 2000 GO Bonds $23,100,053.90 Financing Interest $42,108.5912000 GO Bonds $23,142,162.49 c . k Page 1 of 8 5 E Exhibit"A" k Cumulative as of June 30,2015 Project Designation:Downtown WaterIoo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement —... .__ -—..---------- - ..._....... _.__..... Under Section 403.19(2 Parking Ramp Reconstruction Principal $150,000.00 1998 GO Bonds $23,292,162.49 i FX 99-00 Financing Interest $69,826.77 1998 GO Bonds $23,361,989.26 Johnson Rebate#1&2 Principal TIF Rebate 5 yrs a 100%, 8 yrs©100% ---2000 $20,934,30 $23,382,92-3.56 .-- -- 2001 $21,381.91 $23,404,305,4 2002 $34,795.88 $23,439,101.35 .... 2003 $35 043.46 $23,474144.81 ..... 2004 $37,174.38" $23,511,319.19 - _.... 2005 $21,086.46 $23,532,405.65 2006 $22,056.54 $23,554,462.19 2007 4 $23,567,934.93 $13,8717 2008 48 $23,581,806.41 ..--.— --'..................... a 2009 $17,815.56 $23,599,621.9 GSW Rebate 5 yrs.@ 100% Principal TIF Rebate 2001 $9,747.24 $23,609,369.21 - - --.-- - —._......_...-- 2002 $10,982.28 $23,620,351.49 2003 _ $10,780.79 $23,631,132.2 r 2004 _-$11,732.94 $23,642,865.2 2005 $7,037.40 $23,649,902,6 4 Hollen Rebate 5 yrs.©100% Principal T1F Rebate i 2001 $2,388.33 $23,652,290.95 1, 20022,954.b8 $23,655,245.63 2003 $2,960.08 $23,658,205.71 .-._.......... 2004 $3,156.64 $23,661,362.35 2005 $3,881.06 $23,665,243.41 Ritter Rebate 10 yrs @ 100%or Principal TIF Rebate until$20,910 is pd 2001 $2,660.86 $23,667,904.2 2002 $2,837.28 $23,670,741.55 2003 $2,873.50 $23,673,615.05 2004 $3,031.20 $23,676,646.25 ff 2005 $3,539.38 $23,680,185.63 0006 - $3,647.56 $23,683,833.19 -- _..................._ 2007 , ..-$2,089.29 $23,685,922.48 2005 $230.93 $23 686153.41 Lown Rebate#1 5 yrs @ 100% Principal TIF Rebate --- -- --�I 2001 $1,417.98 $23,687,571.39 2002 _ $1,694.74 $23,689,266.13 2003 $722.85 $23,689,988.98 2004 __................__ $1,005.92 $23,690,994.9 a 5 2005 $2,982.84 $23,693,977.74 Lown Rebate#2 5 rs®100% Principal TIF Rebate 2001 $495.42 $23,694,473.1 2002 $565.50 $23,695,038.66 2003 $5}p,gg $23,695,579.55 2004 $644.26 $23,69§,183.71 1 2005 $946.84 -$23,697,130.55 Roberts Rebate 5 yrs @ 100% Principal TIF Rebate 2002? $0 $23,697,130.5 2003? -..__......_..-- - -- $23,697,130.55 2004? $23,697,130.55 2005? $23,697,130.55 2006? $23,697,130.55 s Marsh Place Rebate 10 yrs Principal TIF Rebate --............._...__...-- -- 85%2003 $11,693.83 $23,708,824.38 1 85%2004 $12 668.38 $23,721,492,76 85%20051 $8,193.78 $23,729,686.54 Page 2 of 8 g 1 ' � 3 3 Exhibit"A" Cumulative as of June 30,2015 --------...... ....._...__._.. - --.._.._.__.-........-_...-.----- Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program l Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) 85%2006 $6,771.88 $23,736,458.4 es%2007 $6,777.58 $23,743,236.00 85%2008 $6,855.68 $23,750,091.68 85%2009 $6,743.00 $23,756,834.68 ---.._..........._..-... -75%2010 $5,886.26 $23,762,720.94 60%2011 $4,716.------- 45%2012 $3,504.00 $23,770,940.94 GarthoEf Rebate 5 yrs C�31009e Principal TIF Rebate 2003 $0 $23,770,940.94 r 2004 __- _....-..._---_-_--- $23,770,940.94 2005 ' ...._................_._.._. -- $23,770,940.94 ' a 2006 --- $23,770,940.94 2007 $23,770,940.94 Ament Rebate 5 yrs 03100% Principal TIF Rebate ....................- 2002 $1,601.89 $23,772,542.83 zo03 $1,585.43 $23,774,128.26 —-- __.,. 2004 $1,711.38 $23,775,839.64 _._........ 2005 $2,332,32 $23,778,171.96 20U6 $2,424,79 $23,780,596.75 MIK Rebate 5 yrs Q 100% Principal TIF Rebate 2002 $6,516.00 $23,787,112.75 2003 $6,278.34 $23,793,391.09 . -- _............... --- - ..__... -------- ..................................... 2004 $6,684.60 $23,800,075.64 a 2005 $8,239.50 $23,808,315.19 2006 $8,540.82 $23,816,856.01 j Micou Rebate Principal TIF Rebate $23,816,856.01 u _- - 100% 2006 $595.15 $23,817 451.16 _._ - 100% 2007 _ $2,135.84 $23819,587.00 -- 100% 2008 $2,174.48 $23,821,701.48 - -- 100% 2009 $2,550.41 $23,824,311.89 100% 2010 $2,528.00 $23,826,839.89 Cedar Skyline Rebate ITIF Rebate $23,826,839.89 Gilietor&Doylc 100%*2003-2006 2007 Principal $49,742.55 $23,876,582.44 Gilmor&Doyle 100%+ 2007 Principal $15,292.97 $23,891,875.41 Gilmer&Doyle 2008 Principal $16,127.59 $23,908,003.00 Landau Rebate 10Y_rs @ 100% Principal TIF Rebate -- -- -- .-...__..- 2003 $13,646.60 $23,921,649.60 -------.......:.............. 2004 $14,427.14 $23,936,076.74 2005 $17,025.24 $23,953,101.98 -_ zoos ---$17,615.74 $23,970,717.7 - - 2007 $20,435.62 $23 991 153.34 i 2008 $20,61038 $24,011,763.7 i 2009 $22,243,62 $24,034,007.34 2010 $21,986.00 $24,055,993.3 --- -------- _.__._. 2011 $22,016.00 $24,078,009,34 s 2012 $21,812.00 $24,099,821.34 OYr Haffa Rebate7yrs @ 100% Principal TIP Rebate OSA) $7,824.63 . $24,107,645.97 2009 $8,612.00 $24,116,257.9 ------- -—— 2010 $8,516.00 $24,124,773.97 2011 $8,528.00 $24,133,301.9 2012 $8,450_00 $24,141,751.9 2013 $14,156.00 $24,155,907.9 2014 $13,226.00 $24169,133.9 £ life Rebate 8 yrs @ 100% Principal TIP Rebate 2008 $6,808.06 V4,175,942.03 2009 $6,292.00 $24,182,234.03 20i0 $6,200.0_ $24,188,434.03 i 20111 $6,210M $24,194,64CO3 S Page 3 of 8 i Pi. t Exhibit"A" ..--- ----- ..............._ Cumulative as of June 30,2015 € Project Designation;Downtown Waterloo Urban Renewal and Redevelopment Program Schedule Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) g 2012 $6,152.00 $24,200,796.03 2013 $8,332.00 $24,209,128.03 2014 $7,784.00 $24,216,912.03 _.._ _.....-------...-- 2015 $5,974.00 $24,222,886.03 Courier Rebate 10 yrs @ 100% PrincipalTIF Rebate 1 - -- ......_.._.-------...... 2008 $6,740.10 $24,229,626.13 2009 $9,584.16 $24,239,210.29 2010 $9,446.00 $24,248,656.29 2011 $9,460.00 $24,258,116.29 2012 $9,372.00 $24,267,488.29 2013 $13,090.00 $24,280,578.29 g - ----- _........................... -_..-.._.._........_..._..._..----2014 $6,114.00 $24,286,692.29 2015 $0.00 $24,286,692.29 2016* $25,226.00 $24,311,918.29 ...... - - __2017* $8,572.00 $24,320,490.29 NCN 1.td Rebate 7 yrs @ 100% Principal TIF Rebate — 11 2008 $0.00 $24,320,490.29 .............. .. ....... - 2009 $26,230.70 $24,346,720.99 2010 $23,408.00 $24,370,128.99 1 -...._..._ , 1 zou $28,218.00 $24,398,346.99 z0iz $34,291.00 $24,432,637.99 2013 - $40,653.00 $24,473,290.99 2014 $37,390.00 $24,510,680.99 2015 $28,784.00 $24,539,464.99 2016* $9,764,00 $24,549,228.99 1 z 2017* $900.00 1 $24,550,128.99 2018* $808.00 $24,550,936.99 Hollen 11 Rebate 5 yrs.@ 100% Principal TIF Rebate - --- 2002 $1,793.46 $24,552,730.45 2008 $1,855.44 $24,554,585.89 I 2009 $2,470,00 $24;557,055.89 2010 $2,456.00 $24,559,511,89 -------------- 2011 $2,456.00 $24,561,967.8 N Bank-3rd Floor 10 yrs.@ 100% ¢ Y ,Principal TIF Rebate 2009 $16,126.00 $24,578,093.8 g z --- 2010 $16,062.00 $24,594,155.8 --------...................._._._...........___...._2011 -$16,084.00 $24,610,239.89 2012 $15,934.00 $24,626,173.89 2013 $15,922.00 $24,642,095.89 2014 $14,876.00 $24,656,971.89 2015 $6,012.00 $24,662,983.89 2015* $4,348.00 $24,667,331.89 i' 2017* $4,348.00 $24,671,679.89 - 4 2018* $4,348.00 $24,676,027.8 ISA Development 5 yrs.@900% Principal TIF Rebate $24,676,027-89 w 2009 $6,146.00 $24,682,173.89 2010 $3,044.00 $24,685,217.89 2011 $9,140.00 $24,694,357.89 ' 2012 $13,426.00 $24,707,783.89 2013 $9,766.00 $24,717,549.89 aekie Rosic 5 yrs.@ 100% Principal TIF Rebate $24,717,549.89 ._... ... p ...... ........ ._.___._. $4,,149.00 $24,721,698.89 _. .. .. $4,16600 $24,725,864.89 .._._........_.................. _ 2011 $4172.00 l $24,730,036.89 2012 $4,132.00 $24,734,168.89 2013 $7,120.00 $24,741,288.89 Dolly lames,LLC 10yrs @100% Principal TIP Rebate $24,741,288.89 2015 $36,812.00 $24,778,100.89 _ _ _ _._ 2016* $37,740.001 $24,815,840.89 2017* $37,740.00 24 853,580.89 i 2D18* $37,740.00 $24,891,320.89 I Page 4 of 8 '" i Exhibit"A" r Cumulative as of June 30,2015 Project Designation;Downtown Waterloo Urban Renewal and Redevelopment Program — - ..._..... -- --...... . --- Schedule 1 l Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) l 3 _._.. ._2019* $37,740.00 $24,929,060.89 2020* $37,740.00 $24,966,800.89 --- ..._.....- 2021* $37,740.00 $25,004,540.89 - 2622* $37,740.00 $25,042,280.89 2023' $37,740.00 $25,080,020.89 2024* $37,740.00 $25,117,760.89 Rgchels Holdings,LLC 14yrs.®60% Principal TIF Rebate $25,117,760.89 2016* $1,070.00 $25,118,830.89 2017* $3,684.00 $25122,514.89 2018* $3,684.00 $25,126,198.89 2019* $3,684.00 $25,129,882.89 2020* $3,684.00 $25133,566.89 ..........._..__.._... -- 2021* $3,684.00 $25,137,250.89 --._.....-.._._......_....................... - - € 2022* $3,684.00 $25,140,934.89 --- ............. — 2023* $3,684.00 $25,144,618.89 a: 2024* ----------..._..........__....._...._ $3,684.00 $25,148,302.89 F 2025* $3,684.00 $25,151 986.89 4 Court Square Bldg Co Syrs0100% Principal TIF Rebate, $25,151,986.89 —- 2015 $0.00 $25,151,986.89 2016' 0.00 $25,151,986.89 —.... _............................__......_. - 2017* $0.00 $25,151,986.89 t 2018* $0.00 $25,151,986.89 2019* $0.00 $25,151,986.89 HQAA-JSA,LLC Principal TIF Rebate $25,151986.89 -- 2015 $0.00 $25151,986.89 2016* $31,807.00 $25,183,793.89 2017* $16,836.00 $25,200,629.89 _-- 2018* $16,836.00 $25,217,465.89 2019* $16,836.00 $25,234,301.89 2020* -----.__._............................-_-_.--- $M,836.00 $25,251,137.89 2021 $16,836.00 $25,267,973.89 2022* $16,836.00 $25,284,809.89 2023" $16,836.00 $25,301,645.89 2024* $16,836.00 $25,318,481.89 t Downtown Redevelopment Principal $307,500.00 2001 GO Bonds $25,625,981.89 k, 6/01 Interest $145,177.00 2001 GO Bonds $25,771,158.89 MID Taxes Principal $66,512.46 Contract $25,837,671.35 Downtown St.RISE Ma tch Principal $150,000.00 2003 GO Bonds $25,987,671.35 Fund 413 Interest $32,912.00 2003 GO Bonds $26,020,583.35 US 63 Study Fund 411 Principal $50,000,00 2001 GO Bonds $26,070,583,35 f; Interest $23,446.50 2001 GO Bonds $26,094,029.85 Windows on Waterloo V Principal $11,002.00 2002 GO Bonds $26,105,031.85 Fund 412 Interest $7,674.00 2002 GO Bonds $26,112,705.85 Downtown Redevelopment Principal $204,000.00 2003 GO Bonds $26,312,705.85 l Fund 413 Interest $47,888.00 2003 GO Bonds $26,360,593.85 Downtown Redevelopment Principal $55,358.07 2003 GO Bonds $26,415,951.9 Fund 413 Interest $14,490.00 2003 GO Bonds $26,430,441.9 Downtown Redevelopment Principal $78,114.59 2003 GO Bonds $26,508,556.51 Fund 413 Interest $18,707.00 2003 GO Bonds $26,527,263.51 } Downtown Street Lighting Principal $40,000.00 2004 GO Bonds $26,567,263.51 Fund 414 Interest $13,450.00 2004 GO Bonds $26,580,713.51 Main Street 2004 Principal $30,000.00 Contract $26,610,713.51 g SSMID 2003 Principal $56,641.16 Contract $26,667,354.6 SSM1D 2004 Principal $896.59 Contract $26,668,251.26 Main Street 2005 Principal $30,000.00 Contract $26,698,251.26 Downtown Acquisition Fund Principal $140,000.00 2004 GO Bonds $26,838,251.26 l 414 taxable Interest $71,380.00 2004 GO Bonds $26,909,631.26 w Vandewalle Contract Fund Principal $60,000.00 2004 GO Bonds $26,969,631.26 , 414 Interest $23,225.36 2004 GO Bonds $26,992,856.6 h k� Page 5 of 8 l 1 a i Exhibit"A" Cumulative as of June 30,2015 ------- -- ---._..._._....."---— ------ Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program -- .......................... - - -............._ -- Schedule 1 S Indebtedness Qualifying for Tax Increment Reimbursement --_.._.._..-.........__......_........._... ---._................_.._.,.._........ -- Under Section 403,19(2) Downtown Redevelopment Principal $215,000.00 2004 GO Bonds $27,207,856.6 Fund 414 Interest $80,212.62 2004 GO Bonds $27,288,069.24 l Downtown Street Lighting Princi al $10,000.00 2004 GO Bonds $27,298,069.24 Fund 414 Interest $3,965.36 2004 GO Bonds $27,302,034.60 Main Street 2006 Principal $30,000.00 Contract $27,33ZO34.60 Downtown Acquisition —Principal $150,000ml 2004 GO Bonds $27,482,034.6 Fund 414 Interest a $53,362.50 2004 GO Bonds $27,535,397.10 Downtown Acquisition Principal $850,000.00 2005 GO Bonds $28,385,397.1 Fund 415 Interest $282,397.50 2005 GO Bonds $28,667,794.60 Downtown Dev Fund 406 Principal $100,000.00 2006 GO Bonds $28,767,794.6 tax exempt Interest $40,915.00 2006 GO Bonds $28,808,709.60 a WDC Properties I Acquisition Principal $240,000.00 Advance $29,048,709.6 Contract Interest $24,330.00 Advance $29,073,039.60 Downtown Dev. Fund 406 Principal $500,000.00 2006 GO Bonds $29,573,039.6C tax exempt Interest $194,662.60 2006 GO Bonds $29,767,702.20i. Downtown Property Acq. Principal $546,079.28 Advance $30,313,781.48 Main Street 2007 Principal $30,000.00 Contract $30,343,781.48 Main Street 2008 Principal $30,000.00 Contract $30,373,781.48 Main Street 2009 Principal $30,000.00 Contract $30,403,781.48 Main Street 2010 Principal $40,000.00 Contract $30,443,781.48 Main Street 2011 Principal $40,000.00 Contract $30,483,781.4 x Main Street 2012 Principal $40,000.00 contract $30,523,781.48 Main Street 2013 Principal $40,000.00 contract $30,563,781.48 Main Street 2014 Principal $40,000.00 Contract $30,603,781.48 f Main Street 2015 Principal $40,000.00 Contract $30,643,781.48 m 1998 GO Bonds Refinanced - Principal ($87,000,00) 1998 GO Bonds $30,556,781.48 s k Deduct Old Debt Service Interest ($1.4,23"3.00) 1998 GO Bonds $30,542,550.48 1998 GO Bonds Refinanced- Principal $87,600.00 2007 GO Bonds $30,630,150.48 i Add New Debt Service Interest $12,654.00 $30,642,804.4 1999 GO Bonds Refinanced - Principal ($287,327,00) 1999 GO Bonds $30,355,477.48 g V Deduct Old Debt Service Interest ($103,658,00) 1999 GO Bonds $30,251,819.48 1999 GO Bonds Refinanced- Principal $289,301.00 2007 GO Bonds $30,541,120.48 Add New Debt Service Interest $80,969.00 $30,622,089.481x Fund 407 Pump Station Principal $1,050,000.00 2007 GO Bonds $31,672,089.48 Interest $379,495.00 $32,051,584.48 Fund 407 Parking Ramp Principal $700,000.00 2007 GO Bonds $32,751,584.48 Interest $257,645.00 $33,009,229.48 s Fund 407 Property Acq. " Principal $200,000,00 2007 GO Bonds $33,209,229.48 i Tax exempt Interest $74,550.00 $33,283,779.48 Fund 407 Property Acq.Taxable Principal $200,000.00 2007 GO Bonds $33,483,779.48 Interest $71,17.2.50 $33,554,891.98 Fund 407 Development Plan Principal $100,000.00 2007 GO Bonds $33,654,891.98 Interest $39,250.00 $33,694,141.98 2000 GO Bonds Refinanced 2007 Principal ($9,761.00) 1999 GO Bonds $33,684,380.98 s a -Deduct Old Debt Service Interest ($2,549,00) 1999 GO Bonds $33,681,831.98 2000 GO Bonds Refinanced- Principal $10,209.00 2007 GO Bonds $33,692,040.98 k Add New Debt Service-2007 Interest $1,929.00 $33,693,969.98 F k Fund 408 Development Plan Principal $100,000.00 2008 GO Bonds $33,793,969.98 Tax Exempt Interest $34,332.50 $33,828,302.48 Fund 408 Property Acq.' Principal $150,000.00 2008 GO Bonds $33,978,302.48 Tax Exempt Interest $45,655.00 $34,023,957.48 Fund 408 Public Market Principal $585,000.00 2008 GO Bonds $34,608,957.48 Taxable Interest $172,750.001 $34,781,707.48 Fund 408 Parking Ramp I Principal 1 $1,400,00H01 2008 GO Bonds :36,181,707.48 ( Page 6 of 8 i 3 f Exhibit"A" ----..........._..._..... — --- -—-------................ ..........-- -- i Cumulative as of ---- _.__ --- -- - Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 ...._........... _.._...... — - Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) ° Taxable Interest $407,250,00 $36,588,957.4 E.4th Street Streetscape Project Principal $9,200,00 Advance $36,598,157.48 E 4th Street Improvements Principal $420,029,47 Advance $37,018,186.95 E 4th Street Principal $21,961,18 Advance $37,040,148.13 2009 Downtown Parking Principal $700,000.00 2009 GO Bonds $37,740,148.1 Garages-Exempt Interest $209,558.86 $37,949,706.9 ' 2009 Downtown Development Principal $100,000.00 2009 GO Bonds $38,049,706.9 ) Plan-Exempt Interest $31,156.89 $38,080,863.88 2009 Downtown Acquisitions- Principal $250,000.00 2009 GO Bonds $38,330,863,88 Exempt Interest $71,649.06 $38,402,512.94 2009 Downtown Acquisitions- Principal $300,000.00 2009 GO Bonds $38,702,512.94 Taxable Interest $81,214.30 $38,783,727.2 Fund 410 Downtown Principal $60,000.00 2010 GO Bonds $38,843,727.24 l t Development Plan-Taxable Interest $10,893,17 $38,854,620.41 Fund 410 Downtown Principal $506,000.00 2010 GO Bonds $39,360,620.41 Acquisitions-Taxable Interest $97,450.89 $39,458,071.3 2002 GO Bonds Refinanced - Principal ($11,002.00) 1999 GO Bonds $39,447,069.3 Deduct Old Debt Service Interest ($7,674.00) 1999 GO Bonds $39,439,395.3 2002 GO Bonds Refinanced- Principal $11,031.56 2007 GO Bonds $39,450,426.86 Add New Debt Service-Fund Interest $3,979.74 $39,454,406.60 410 2004 GO Bonds Refinanced - Principal ($85,000.00) 2004 GO Bonds $39,369,406.60 u? Deduct Old Debt Service Interest ($17,925.00) 2004 GO Bonds $39,351,481.60 2004 GO Bonds Refinanced- Principal $85,000,00 2011 GO Bonds $39,436,481.60 Add New Debt Service-Fund Interest $12,705.56 $39,449,187.16 411 2005 GO Bonds Refinanced - Principal ($51.0,000.00) 2005 GO Bonds $38,939,187.1 Deduct Old Debt Service- In#erest ($96,405,(]0) $38,842,782.1 Downtown Acquisitions 2005 GO Bonds Refinanced- Principal $510,000,00 2012 GO Bonds $39,352,782.1 Add New Debt Service-Fund x 412 2012 Interest $51,204.18 $39,403,986.34 • 2003 GO Bonds Refinanced - Principal $60,000.00 2003 GO Bonds $39,343,986.3 Deduct Old Debt Service- Interest (;16,290.00) $39,337,696.34 Comm St Extension , 2003 GO Bonds Refinanced- Principal $60,000.00 2012 GO Bonds $39,397,696.34 Add New Debt Service-Fund Interest $1,892.82 $39,399,589.16 412(2012) 2003 GO Bonds Refinanced- Principal ($30,446.87) 2003 GO Bonds $39,369,142.29 Deduct Old Debt Service- Courier Bldg Acq(Midport) Interest (43,401.00) $39,365,741.29 2003 GO Bonds Refinanced- Principal $30,446,87 2012 GO Bonds $39,396,188.16 Add New Debt Service-Fund Interest $698.56 $39,396,886.7 412(2012) 2003 GO Bonds Refinanced - Principal ($35;149.00) 2003 GO Bonds $39,361,737,7 3 Deduct Old Debt Service- j Courier Bldg Acq(Rath) Interest ($3,686.00) $39,358,051,7 j 2003 GO Bonds Refinanced- Principal $35,149.00 2012 GO Bonds $39,393,200,7 Add New Debt Service-Fund 412(2012) Interest $985.75 $39,394,186.47 € 2003 GO Bonds Refinanced - Principal ($30,000.00) 2003 GO Bonds $39,364,186.4 l j` Page 7 of 8 s l Exhibit"A" - ............- - -- -. ._..._ .._..--._._._...._. -........ ...._. Cumulative as of June 30,2015 --...........- Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program --................ --- -.............. Schedule 1 _..___.....-.. .._.. Qualifying -g..,....._....._. -___............- Indebtedness ualif m for Tax Increment Reimbursement —.._....._..-... - Under Section 403.1%2) Downtown Lighting Interest ($3,145.00) $39,361,041.4 y E F 2003 GO Bonds Refinanced- Principal $30,000.00 2012 GO Bonds $39,391,041.4 ` Add New Debt Service-Fund 412(2012) Interest $504,69 $39,391,546.16 ii 2007 GO Bonds Refinanced - Principal ($139,873.00) 2007 GO Bonds $39,251,673.16 Deduct Old Debt Service Interest ($16,598,00) $39,235,075.16 2007 GO Bonds Refinanced- Principal $139,873.00 2014 GO Bonds $39,374,948.16 Add New Debt Service-Fund 414(2014) Interest $12,378.00 $39,387,326.16 2006 GO Bonds Refinanced - Principal ($385,000.00) 2014 GO Bonds $39,002,326.16 Deduct Old Debt Service Interest ($61,077.52) $38,941,248.64 2006 GO Bonds Refinanced- Principal $385,000.00 2014 GO Bonds $39,326,248.64 Add New Debt Service-Fund 414(2014) Interest $1,477.80 $39,327,726.44 Fund 411 Downtown Principal $100,000,00 2011 GO Bonds $39,427,726.44 Development Plan-Taxable Interest $37,066.11 $39,464,792.55 i Fund 411 Downtown Principal $800,000.00 2011 GO Bonds $40,264,792,55 Acquisitions-Taxable Interest $269,240.97 $40,534,033,5 Fund 411 Downtown Principal $800,000.00 2011 GO Bonds $41,334,033.5 Demolitions-Taxable Interest $269,240.97 $41,603,274.49 Fund 412 Downtown Principal $800,000.00 2012 GO Bonds $42,403,274.49 Acquisitions-Taxable Interest $98,233.13 $42,501,507.6 Fund 412 Downtown Principal $60,000.00 2012 GO Bonds $42,561,507.6 t Development Plan Interest $7,290.00 $42,568,797.6 Fund 413 Downtown Principal $950,000,00 2013 GO Bonds $43,518,797.6 i Acquisitions-Taxable Interest $125,810.76 $43,644,608,38 Fund 413 Downtown Principal $80,000.00 2013 GO Bonds $43,724,608.38 Development Plan Interest $10,579.03 $43,735,187-41 Fund 414 Techworks Principal $3,500,000.00 2014 GO Bonds $47,235,187.41 Interest $1,112,697.40 $48,347,884.81 Fund 414 Downtown Principal $80,000.00 2014 GO Bonds $48,427,884.81 Development Plan Interest $13,255.56 $48,441,140.3 Fund 414 Downtown Principal $345,000.00 2014 GO Bonds $48,786,140.3 Acquisitions Interest $114,661,47 $48,900,801.84 Fund 415 Downtown Principal $80,000.00 2015 GO Bonds $48,980,801.84 Development Plan-Tax Exempt Interest $14,813.33 $48,995,615.17 Fund 415 Downtown Principal $200,000.00 2015 GO Bonds $49,195,615,1 1 Acquisitions-Taxable Interest $29,232.11 $49,224,847.28 Teamsters Acquisition Principal $92,781.02 Advance $49,317,628.30 i E 4th Street Principal $31,886,19 Advance $49,349,574.49 TechWorks Principal $24,104,93 Advance. $49,373,619.4 TIF Expansion Principal $1,063,75 Advance $49,374,683.1 Cedar Skyline Forgiveable Loan Principal $247,500.00 Advance $49,622,183.1 u TechWorks(FY13) Principal $3,977.50 Advance $49,626,160.6 TechWorks(FY14) Principal $4,410,00 Advance $49,630,570.6 Administrative Expenses FY15 Principal $9,467.97 Advance $49,640,038.64 *Estimated j a 1 1 i Page 8 of 8 V I V EXHIBIT"B" Cumulative as of June 30, 2015 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 2 x' Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Amount Received from i Year Payments under Sec. Other Revenue No. Received 402.12(2)-TIF Received Cumulative Amount 1 FY 1977 $22,566.19 $22,566.19 �. r 2 FY 1978 $50,863.50 $73,429.69 3 FY 1979 $163,010.80 $236,440.49 4 FY 1980 $216,795.08 $453,235.57 5 FY 1981 $319,027.40 $772,262.97 K _ 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 3 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 I ` 14 FY 1990 $1,104,273.00 $199,453.84 $7,389,288.36 15 FY 1991 $911,105.00 $292,043.20 $8,592,436.56 16 FY 1992 $887,043.00 $136,932.05 $9,616,411.61 17 FY 1993 $881,666.00 $131,685.90 $10,629,763.51 18 FY 1994 $897,520.00 $146,935.03 $11,674,218.54 i 19 FY 1995 $752,642.00 $131,841.98 $12,558,702.52 20 FY 1996 $657,480.00 $203,285,29 $13,419,467.81 21 FY 1997 $602,482.27 $207,785.90 $14,229,735.98 22 FY 1998 .$552,575.59 $198,774.53 $14,981,086.10 23 FY 1999 $599,707.53 $72,765.79 $15,653,559.42 24 FY 2000 $549,044,97 $72,000.00 $16,274,604.39 25 FY 2001 $781,750.82 $72,000.00 $17,128,355.21 26 FY 2002 $874,603.46 $72,000.00 $18,074,958.67 E 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 4 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 I 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 $33,688,477.00 401 FY2016" $1,843,941.50 $35,532,`418.50 *Estimated Values i I #Includes Special Assessments and Parking Revenue 1 r X k 6