HomeMy WebLinkAbout2015-911-11/23/2015 s
Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-911
RESOLUTION APPROVING CERTIFICATION TO THE
BLACK HAWK COUNTY AUDITOR EXPENDITURES THAT
QUALIFY FOR REIMBURSEMENT IN THE
+ FY2015 MIDPORT/ AIRPORT 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 . CountyAuditor all expenditures of the City that qualify for
reimbursement from the Tax Increment Fund in the Midport/ Airport
Tax Increment District, as indicated in attached Exhibit "A" and
Exhibit "B", are hereby approved.
PASSED AND ADOPTED this 23rd day of November 2015 .
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Ernest G. Clark, Mayor
ATTEST:
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f,,elielT F lchle
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Deputy 4ty Clerk
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CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Cover Sheet
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CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING(TIF) INDEBTEDNESS
CERTIFiCATi6N TO COUNTY AUDITOR
Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Tax Is Requested
Use One Certification Per Urban Renewal Area
City: Waterloo ', County: Black Hawk
Urban Renewal Area Name: Waterloo Airport Urban Renewal
"Urban Renewal Area Number: 07010 (Use five-digit Area Number Assigned by the County Auditor)
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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, advance`s, 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. I
Urban Renewal Area Indebtedness Not Previously Certified*: $ 1,637,788 i
*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
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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. (File'CITY TIF FORM 2'with the County Auditor by the preceding December 1
for each of those fiscal years where all of the TIF increment tax is not requested.)
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 3'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,)
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Notes/Additional Information:
Please note that we removed$20,700 in debt reductions and revenue adjustments using Form 3 that did not carry
to this form. Net'debt outstanding at 6/30/2015 should be$3,717,688.49.
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Dated this 26th day of November 2016
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319.291.4323
Signature of Authorized Official Telephone I
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CITY TIF FORM 1.1-To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION page t
TEF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
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City: Waterloo ' County: Black Hawk
Urban Renewal Area Name: Waterloo Airport Urban Renewal
Urban Renewal Area Number: 07010 (Use five-digit Area Number Assigned by the County Auditor) p
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Tata!Amount:
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1. Greater Cedar Valley Alliance:$59,333.33 06/09/15 59,333
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n'X'this box if a rebate agreement.' List administrative details on lines above. s
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2. Cedar Valley Warehouse Tax Rebate Estimate: Increase of$2,270 09/04/2012 2,270
5 years at 50%for new construction. ry
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[x'X'this box if a rebate agreement.t List administrative details on lines above. r
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3. Cedar Valley Warehouse II Tax Rebate Estimate:$93,560 09/04/2012 93,560
5 years at 50%for new construction y
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x❑'X'this box if a rebate agreement. List administrative details on lines above.
4. Brownfield Assessment Grant Application:$3,044.83 10/06/2014 3,045 {
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[]'X'this box if a rebate agreement. List administrative details on lines above. a
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S. 3730 Wagner Rd Acquisition:$100,60450 10/13/2014 100,605
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FI'X'-this box if a rebate agreement. List administrative details on lines above.
If more indebted ness`eritry lines are needed continue to Form 1.1 Page 2.
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Total For City TIF Form 1.1 Page 1: 258,813
"Date Approved"is the date that the local governing body initially approved the TIF indebtedness.
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CITY TIF FORM 1.1-To be attached to CITY TIF FORM 1 INDEBTEDNESS CERTIFICATION Page 2
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo County: Black Hawk
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Urban Renewal Area Name: Waterloo Airport Urban Renewal
Urban Renewal Area Number: 07010 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: t
6. MidPort Airport Land Release:$514.68 03/04/2013 515
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E]X'this box if a rebate agreement. List administrative details on lines above.
7. Geo-Tech ESAS: 12 695.50 03/23/20152
$ 1 696
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E]Xthis box if a rebate agreement. List administrative details on lines above.
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8. Endeavors Grant:$266,648.31 7129/15 266,648
n X this box if a rebate agreement. List administrative details on lines above. t
9. Con Agra Grant:$601,537 5126/15 601,537 !`
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FjW this box if a rebate agreement. List administrative details on lines above.
10.Wagner Rd Platting:$32,740 06/01/2015 32,740
FI 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 3. I
Total For City TIF Form 1.1 Page 2(: 914,136
*"Date Approved"is the date that the local governing body initially approved the TIF indebtedness.
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CITY TIF'FORM 1.1-To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 3
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR i
City: Waterloo County: Black Hawk
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Urban Renewal Area Name: Waterloo Airport Urban Renewal
Urban Renewal Area Number: 07010 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
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11.RISE Grant Application:$2,000 2,000 a
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R X'this box if a rebate agreement. List administrative details on lines above.
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12.Administrative Expenses:$8,338.28 d 06/29/2015 8,338 3
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E]W this box if a rebate agreement. List administrative details on lines above,
13.AMA Land Acquisition 1t112312015 454,500
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RW this box if a rebate agreement. List administrative details on lines above. .
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xx X'this box if a rebate agreement. List administrative details on lines above. t
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E]Xthis box If a rebate agreement. List administrative details on lines above.
If more indebtedness'entry lines are needed continue to Form 1.1 Page 4.
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Total For City TIF Form 1.1 Page 3: 464,838
*"Date Approved"is the date that the local governing body initially approved the TIF indebtedness.
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CITY TIF FORM 3
TEF INDEBTEDNESS AAS SEEN REDUCED BY REASON OTHER THAN APPLICATION OF
m TIF INCREMENT TAX RECEIVED FROM THE COUNTY TREASURER
CERTIFICATION TO COUNTY AUDITOR
Use One Certification'Per Urban Renewal Area
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City: Waterloo County: Black Hawk
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Urban Renewal Area Name`.' Waterloo Airport Urban Renewal
Urban Renewal Area Number: 07010 (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 reduced previously certified indebtedness, by reason other than application of TIF increment tax received
from the County Treasurer, by the total amount as shown below.
Provide sufficient detail so that the County Auditor will know how to specially adminlster'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 certifcation(s)to reduce, If rebate agreements are involved with a reduction, i
and the County has segregated the rebate property into separate TIF Increment taxing districts, provide the five-digit
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county increment taxing district numbers for reference.
Individual TIF Indebtedness Type/Description/Details: Amount �A
Reduced: I
Interest received during FYE15:$9,512.85. 9,512
Advanced Heat Treat Tax Rebate Estimate Adjustment:Decrease of$1,212 1,212
Koelker Properties, LLC Tax Rebate Estimate Adjustment:Decrease of$1,602 1,602
Accurate Gear Tax Rebate Estimate Adjustment: Decrease of$1,678 1,678
LaForge, LLC Tax Rebate Estimate Adjustment: Decrease of$5,444 5,444
Anthony&Chris Huff Tax Rebate Estimate Adjustment:Decrease of$626 626
Ronan'&Lisa Schwickerath Tax Rebate Estimate Adjustment: Decrease of$626 626 '
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Total Reduction In Indebtedness For This Urban Renewal Area: 20,700
Dated this 26th day of November 2015
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319.291.4323
Signature of Authorized Official Telephone
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EXHIBIT"A" j
Cumulative as of June 30,2015 I
Project Resignation: Airport Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
No. Date Of Issuance or Source Amount Description of Cumulative i
Expenditure Indebtedness Amount i
incurred
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Site Development FY 1996 Principal $220,648.35 1996 GO Bonds $220,648.35
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MidPort Blvd. FY 1996 Principal $170,748.90 1996 GO Bonds $391,397.25
Rail Improvements FY 1996 Principal $8,682.75 1996 GO Bonds $400,080.00
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Interest $205,357.39 1996 GO Bonds $605,437.39
Loan-Cedar Falls BDC Principal $10,000.00 ADVANCE $615,437.39
Interest 97-00 $1,058.63 $616,496.02 6
Interest FY 01 $300.00 $616,796.02
Interest FY 02 $275.00 $617,071.02
Basic Materials(AADA)FY Principal $100,000.00 ADVANCE $717,071.02
1997 Interest 97-00 $10,561.65 $727,632.67
Interest FY 01 $3,000.00 $730,632.67
InterestFY02 $3,000.00 $733,632.67
Interest FY 03 $3,180.82 $736,813.49 x
Interest FY04 $2,537.26 $739,350.75
InterestFY05 $2,400.00 $741,750.75 j
Interest FY06 $2,100.00 $743,850.75
Interest FY07 $1,800.00 $745,650.75
Interest FY08 $1,500.00 $747,150.75
Interest FY09 $1,200.00 $748,350.75 j
Interest FY10 $900.00 $749,250.75
Interest FY11 $600.00 $749,850.75
Interest FY12 $300.00 $750,150.75 i
MIDPORT BLVD,RISE PHASE 1 Principal $129,945.07 1997 GO Bonds $880,095.82 p
6/97
Rail Spur Improvements FY 97 Principal $116,629.00 1998 GO Bonds $996,724.82
Interest $119,366.30 1998 GO Bonds $1,116,091.12
Site Development FY 98 Principal $141,120.56 1998 GO Bonds $1,257,211.68
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MidPort Blvd,FY 98 Principal $47,137.12 1998 GO Bonds $1,304,348.80
Rail Spur Improvements FY 98 Principal $77,449.07 1998 GO Bonds $1,381,797.87
Interest $123,689.79 1998 GO Bonds $1,505,487.66
Site Development FY 99 Principal $28,285.68 1999 G O Bonds $1,533,773.34
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MidPort Blvd. FY 99 Principal $266,086.66 1999 G O Bonds $1,799,860.00
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Sanitary Sewer FY 99 Principal $793,792,01 1999 G O Bonds $2,593,652.01
Interest $707,864.43 1999 G O Bonds $3,301,516.44,
Site Development FY 00 Princi al $106,524.92 $3,408,041.36
2000 GO Bonds
Interest $55,651.00 $3,463,692.36
Sanitary Sewer FY 98-99 Principal $214,14237 Advance $3,677,834.73
CB Richard Ellis Principal $210,000.00 Contract $3,887,834.73
Water Tap-WTT Principal $4,535.93 Advance $3,892,370.66
Water Tap-Adv.Heat Treat Principal $6,531.29 Advance $3,898,901.95 l
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WTT Properties Tax Rebate TIF Rebate Agreement
100% 2001 $29,912.18 $3,928,814.13
100% 2002 $31,504.14 $3,960,318.27
100% 2003 $32,634.15 $3,992,952.42
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a EXHIBIT"A"
Cumulative as of June 30,2815
Project Designation: Airport Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
Clear Windows Rebate TIF Rebate Agreement
75%2004 $13,243.08 $4,006,195.50
60%2005 $0.00 $4,006,195.50
45% 2006 $14,526.00 $4,020,721.50
30% 2007 $8,715.58 $4,029,437.08
15%2008 2,346.00 $4,031,783.08
Advanced Heat Treat Rebate TIF Rebate Agreement '
100%2002 $43,149.60 $4,074,932.68
100%2003 $44,697.34 $4,119,630.02
100% 2004 $46,099.04 $4,165,729.06
Fed Ex Tax Rebate TIF Rebate Agreement
50%2008 $24,433.25 $4190162.31
50%2009
$26,224,00 $4,216,386,31
50%2010 $25,916.00 $4,14%302-31
302.31
50%2011 $25,952.00 $4,268,254.31
50%2012 $25,712.00 $4,293,966,31
Criterion Tax Rebate TIF Rebate Agreement
50°�2008 $3119.76 $4 297086.07
50%2009 $3,08018 $4,300,166.25
50%2010
$3,036.00 $4,303,202.25 1
50%2011 $3,040.00 $4,300,242.25
50%2012 $3,012.00 $4,3G9,254.25 r
Advanced Heat Treat Rebate 11 TIF Rebate
Agreement
50%2010 $37,584.00 $4,346,838.25
50%2011 $37,636.00
U,384,474,25 u
50%2012 $37,28 .00 $4 421 762.25
50%2013 $36,412.00 $4,458,174.25
50%2014 $34,018.00 $4,49 192.25 grvg
50%2015 $31840.00 $4,524,032.25 u
50%2016* $18 450.00 $4,542,482.25
Magee Pro erties Rebate TIF Rebate Agreement
50%2(109 $6126.00 $4,514,608.25 g
50%2010 $6,054.00 $4,554,662,25
50%2011 $6,062.00 $4,560,724.25 n
50%2012 $6,006.00 $4,566,730.25 G
50%2013 $6,284.00 $4,573,014.25—
Accurate
4 573 014.25Accurate Gear Rebate TIF Rebate Agreement
50%2012 $6,33C00 $4,579,348.25 f
50%2013 $10,888.00 $4,590,236.25 s
50%2014 $10172.00 $4,600,408.25
50%2015 $8,312.00 $4,608,720,25
50%2016* $8,222.00 $4,610,942.25
ConAgra Rebate TIF Rebate Agreement
90%2010 $440 056.00 $5,056,998.25 f
90%2011 $442,012.00 $5,499,010.25
90%2012 $437,912.00 $5,936,922.25
90%2013 $426,024.00 $6,362,946.25
90%2014 X97 998.00 $6,760,944.25
90%2015 385 712.00 $7,140,656.25
90%2016* $386,712.00 $7,533,368.25
90%2017* $386,712.00 $7,920,080.25
80%2018* $343,744.00 $8,263 824.25
80%2019* $343,744.00 $8,607,568.25
70%2020* $300,77600 $8,908,344.25
70%2021* $300776.00 $9,209,120.25
209120.25
70%2022* $300,776.00 $9,509,896.25 1
60%2023* $257,808.00 $9,767,704.25
60%2024* '$257,808.00 $10,025,512.25
60%2025* $257,808.00 $10,283,320.25
50%2026* $214,840.00 $10,498,160.25
50%2027*1 $214,840.00 $10,713,000.25
50%2028*1 1 $214,840,00 $10,927,840.25
50%2029* $214,840.00 $11,142,680.25
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EXHIBIT"A"
Cumulative as of June 30,2015
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Project Designation: Airport Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax'Increment Reimbursement
Under Section 403.19(2)
Empire Enterprises TIF Rebate Agreement
50%2011 $7,390.00 $11,150,070.25
50%2012 $7,322.00 $11,157,392.25
50%2013 $7,064,00 $11,164,456.25
50%2014 $6,600.00 $11,171,056.25
50%2015 $5156.00 $11,176,212.25
LaFor e LLC TIF Rebate Agreement
50%2013 $32,740.00 $11,208,952.25
50%2014 $30,586.00 $11,239,538.25
50%2015 $28,712.00 $11,268,250.25
50%2016* $24,960.00 $11,293,210.25
50%2017* $27,574.00 $11,320,784.25
50%2018* $27,574.00 $11,348,358,25
50%2019* $27,574.00 $11,375 932.25
50%2020* $27,574.00 $11,403,506.25
Schwickerath TIF Rebate Agreement
50%2013 $2,844.00 $11,406,350.25
50%2014 $2,658.00 $11,409,008.25
50%2015 $2,488.00 $11411496.25
50%2016* $2,652.00 $11414148.25
50%2017* $2,652,00 $11,416,800.25
Tournier Manufacturing TIF Rebate Agreement
58%2013 $21120.00 $11,437,920.25
60%2014 $20,410.00 $11,458,330.25
60%2015 $18 832.00 $11477162.25
Bob&Kaye Huff(TKE Holdings)1 TIF Rebate Agreement
50%2010 $0.00 $11477162.25
50%2011 $0.00 $11,477,16125
50%2012 $7,854M $11,485,016.25
50%2013 $4,952:00 $11489 968.25
50%2014 $4,626.00 $11,494,594.25
Anthon &Christopher Huff TIF Rebate Agreement
50%2012 $1458.00 $11,496,052.25
50%2013 $3,512.00 $11,499,564.25
50%2014 $3,282.00 $11,502,846.25
50%2015 $2,992.00 $11,505,838.25
50%2016* $3,206.00 $11,509,044 25 E
Cedar VaUey Warehouse LLC TIF Rebate Agreement
50%2016* $20,372.00 $11,529,416.25
50%2017* $20,372.00 $11,549,788.25
50%2018* $20;372.00 $11570160.25
50%2019* $20 72.00 $11,590,532.25
50%2020* $20,372.00 $11f610,904.25
Cedar Valley Warehouse II TIF Rebate, Agreement 1
50%2017* $18,712.00 $11,629,616.25
50%2018* $18,712.00 $11,648,328.25 I
50%2019* $18,712.00 $11,667,040.25
50%2020* $18,712.00 $11,685,752.25
50%2021* $18,712.00 $11,704,464.25
CPM Acquisition,CorpTIF Rebate Agreement
50%2014 $10,058.00 $11,714 522.25
50%2015 $7,210.00 $11,721,732.25
50%2016* $6,626.00 $11,728,358.25
50%2017* $6,626.00 $11,734 984.25
50%2018* $6,626.00 $11,741,610.25
Howard L Allen Investments TIF Rebate Agreement
50%2015 $15,496.00 $11,757,106.25
50%2016* $15,596 00 $11,772,702.25
50%2017* $15,596.00 $11,78 298.25
50%2018* $15,596:00 $11,803,894.25 g
50%2019* $15,596.00 $11,819,490.25
M&R Iowa LLC ed Ex TIF Rebate Agreement $11,819,490.25
50%2016* $12,841.42 $11,832,331.67
50%2017* $12,841.42 $11,845,173.09 I
50%2018* $12,841.42 $11,858,014,51
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EXHIBIT"A"
Cumulative as of June 30;2015
Project Designation: Airport Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19 2
50%2019* $12 841.42 ` $11,870,855.93 I
50%2020* $12,841,42 $11,883,697.35
H drite Chemical Co, TIF Rebate Agreement $11,883,697.35
50%2016* $5,218.00 $11,888 915.35
50%2017* $5,218.00 $11894133.35
50%2018* $5,218,00 $11,899,351.35
50%2019* $5,218,00 $11,904,569.35 t
50%2020* $5,218.00 $11,909,787.35
Koelker Properties, LLC TIF Rebate Agreement $11,909,787.35
78%2016* $11252,00 $11921039,35 g
78%2017* $11252.00 11932291,35 p
78%2018* $11252.00 $11,943,543.35
78%2019* $11252.00 $11,954,795.35
78%2020* $11252.00 $11,966,047.35
787.2021* $11252,00 $11,977,299.35
75%2022* $10,818.00 $11988117.35
AMA Real Estate $11,988,11735
50%2019* $11988117,35
50%2020* $11,988,117.35
50%2021* $11,988,117.35
50%2022* $11,988,117.35
50%2023* $11988117.35
Cedar Valley Economic Principal $4,500.00 Contract $11,992,617.35
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Development(Marketinglt
Midport Sign Fund 412Principal $51,825,00 412 GO Bonds $12,044,442.35
Interest $23,665.40 412 GO Bonds $12,068,107.75
Midport Sign Fund 411 Principal $11,069,00 411 GO Bonds $12,079,176.75
Interest $7,637.70 411 GO Bonds $12,086,814.45
Cedar Valley FY2004 Principal $17,500.00 Contract $12,104,314.45
Fund 413 Taxable Principal $200,000.00 413 GO Bonds $12,304,314.45
Interest $76,609.00 $12,380,923.45
Fund 413 Taxable-Reallocate Principal $102,488,001 413 GO Bonds $12,278,435.45
out of Midport Interest $38,889.00 $12,239,546.45
Fund 413 Tax Exempt Principal $100,000.00 413 GO Bonds $12,339,546.45
Interest $26177.00 $12,365,723.45
Fund 413 Tax Exempt- Principal ($55,358ILL 413 GO Bonds $12,310,364.58 j
Reallocate out of Midport Interest $14,490.00) $12,295,87458
Fund 413 Tax Exempt- Principal ($41,466.93) 413 GO Bonds $12,254,407.65
Reallocate to Chamberlain Interest $10,856.00 $12,243,551.65
Fund 414 Taxable-Reallocate Principal $1,000.00 414 GO Bonds $12,244,551.65 t
out of NE Ind Park Interestj
$488.00 $12,245,039.65 ((
Greater Cedar Valley Alliance $17,500.00 Contract $12,262,539.65
FYE2005 Principal i
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Greater Cedar Valley Alliance $17,500.00 Contract $12,280,039.65
FYE2006 Principal
Greater Cedar Valley Alliance $17,500.00 $12,297,539.65
FYE2007 Principal Contract
Greater Cedar Valley Alliance $32,000,00 $12,329,539.65
FYE2008 Principal Contract
Greater Cedar Valley Alliance $32,000.00 $12,361,539.65
FYE2009 Principal Contract
Greater Cedar Valley Alliance $32,000.00 $12,393,539.65
FYE2010 Principal Contract
Greater Cedar Valley Alliance $9,500.00 $12,403,039.65
FYE2011 Principal Contract j
Greater Cedar Valley Alliance $16,167.00 $12,419,206.65
FYE2012 principal Contract
Greater Cedar Valley Alliance $24,000.00 $12,443,206.65
FYE2013 Principal Contract
Greater Cedar Valley Alliance $16,166.67 $12,459,373.32
FYE2014 Principal Contract r ;i
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EXHIBIT"A"
Cumulative as of June 30,2015
Project Designation: Airport Tax Increment Redevelopment Area
Schedule i
Indebtedness Obalifying for Tax Increment Reimbursement
Under Section 403.19(2) w
Greater Cedar Valley Alliance $59,333,33 $12,518,706.65
FYE2015 Principal Contract
1998 GO Bonds Refinanced- Principal ($$153,991.110) 1998 GO Bonds $12,364,715.65 a
Deduct Old Debt Service Interest ($25,186.0D) $12,339,529.65
1999 GO Bonds Refinanced- Principal $482,216:00 1999 GO Bonds $11,857,313.65
Deduct Old Debt Service Interest $173,967.011 $11,683,346.65
1998 GO Bonds Refinanced- Principal $155,051.00 2007 GO Bonds $11,838,397.65
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2007 Add New Debt Service Interest $22,397.00 $11,860,794.65 i
1999 GO Bonds Refinanced- Principal $485,540.00 2007 GO Bonds $12,346,334,65
2007 Add New Debt Service Interest $135,891.00 $12,482,225.65
2000 GO Bonds Refinanced- principal (121,317,00) $12,460,908,65
Deduct Old Debt Service Interest (,$4,839.7(1) $12,456,068.89
2000 GO Bonds Refinanced- principal $13,497.00 $12,469,565.89
2007 Add New Debt Service Interest $4,320,00 $12,473,885,89
2007 GO Bonds Refinanced- principal (5231,751.00) 2007 GO Bonds $12,239,134.89
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Deduct Old Debt Service interest ($27,858.00) $12,211,276.89
2007 GO Bonds Refinanced- principal $234,751.00 2014 GO Bonds $12,446,027.89
2014 Add New Debt Service interest $20,774.00 $12,466,801.89
Fund 409 Taxable Principal $155,000.00 2009 GO Bonds $12,621,801.89
Interest $37,543.26 $12,659,345,15
Welter Purchase Principal $349,018.34 Advance $13,008,363.49
WIDA Purchase Principal $14,367.18 Advance $13,022,730.67
LaFor e Grant Principal $214,463.00 Advance $13,237,193.67
FAA Land Release Principal $111,618.00 Advance $13,348,811.67
2002 GO Bonds Refinanced- Principal $':6,825.00 1999 GO Bonds $13,311,986.67
Deduct Old Debt Service interest $146,172.66) $13,165,814,01
2002 GO Bonds Refinanced- Principal $37,091.02 2010 GO Bonds $13,202,905.03
Add New Debt Service-Fund $75,805,14 $13,278,7M17 '
410 Interest
Standard Trucking Grant Principal $99,985.00 Advance $13,378,695.17
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Cedar Valley Warehouse,LLC Principal $221,350.00 Advance $13,600,045,17 )
Grant
Andrew Lusson Grant Principal $56,575.50 Advance $13,656,620.67 _
CV Warehouse,LLC Grant lI Principal $271,582.00 Advance $13,928,202.67
MMC Properties Grant Principal $73,868.00 Advance $14,002,070,67
MidPort Airport Land Release Principal $29,316.29 Advance $14,031,386.96 t
Geraldine Rd RISE Grant Principal $2,000.00 Advance $14,033,386,96
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Application INRCOG
MidPort Blvd-Airline Hwy Principal $2,000.00 Advance $14,035,386.96
Appraisal
Brownfield Assessment Grant $3,044.83 Advance $14,038,431.79
Application Principal
3730 Wagner Rd Acquisition Principal $100,604.50 Advance $14,139,036.29
Airport Release of PropertV ProperPrincipal $514.68 Advance $14,139,550.97
Geo-Tech ESAS Principal $12,695.50 Advance $14,152,246.47
Endeavors Grant Principal $266,648.31 Advance $14,418,894.78
Con Agra Grant Principal $601,537.00 Advance $15,020,431.78
Wagner Rd Platting Principal $32,740.00 Advance` $15,053,171.78
RISE Grant Application Principal $2,000.00 Advance $15,055,171.78 fi
Administrative Expenses Principal $8,338.28 Advance $15,063,510.06
AMA Real Estate nncipa 54 000.00 Advance $15,517,510.06
"Estimated
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EXHIBIT"B" `
Cumulative as of June 30,2014 t
Project Designation:Airport Tax Increment Redevelopment
Schedule 2
Indebtedness Qualifying for Tax Increment Reimbursement k
Under Section .19(2)
No. Year Received Amount Received from Other Revenue Cumulative Amount
Paymeints under Sec. Received
402.12(2)
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1 FY 1996 $0.00 $0.00
2 FY 1997 $0.00 $0.00 E
3 FY 1998' $0.00 $0.00
4 FY 1999 $0.00 $0.00
5 FY 2000 $199,485.92 $199,485.92
6 FY 2001 $173,980.54 $373,466.46
7 FY 2002 $215,717.04 $589,183.50
8 FY 2003 $226,422.30 $815,605.80
9 FY 2004 $238,607.04 $1,054,212.84 k
F
10 FY2005 $329,246.96 $1,383,459.80
11 FY2006 $272,132.01 $1,655,591.81
12 FY2007 $352,00551 $53,241.43 $2,060,838.75
13 FY2008 $490,903.37 $22,100.85 $2,573,842.97
14 FY2009 $905,538.28 $24,935.40 $3,504,316.65
15 FY2010 $1,153,257.70 $31,855.29 $4,689,429.64
16 FY2011 $1,217,346:57 $22,119.44 $5,928,895.65
17 FY2012 $1,286,480.54 $1;187.52 $7,216,563.71
18 FY2013 $1,452,505.80 $1,894.54 $8,670,964.05
19 FY2014 $1,467,347.00 $5,370.39 $10,143,681:44
20 FY2015 $1,646,627.28 $9,512.85 $11,799,821.5
21 FY2016* $1,646,627.28 $13,446,448.85
21 FY2017* $1,646,627.28 $15,093,076.13
*ESTIMATED
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