HomeMy WebLinkAbout2007-986-11/19/2007 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2007-986
RESOLUTION AUTHORIZING CERTIFICATION TO THE
COUNTY AUDITOR THE CITY ' S EXPENDITURES THAT
QUALIFY FOR REIMBURSEMENT FROM THE TAX
INCREMENT FUND.
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 HEREBY RESOLVED BY THE COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the City Clerk be instructed to
certify to the County Auditor all expenditures of the City that
qualify for reimbursement from the Tax Increment Fund as
indicated below:
Exhibit "A"
June 30, 2007
Project Designation: Logan Avenue Tax Increment Redevelopment Area
Schedule
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
No. Date of Issuance Cumulative
or Expenditure Source Description of Indebtedness Amount
AMOUNT INCURRED
Land Acquisition 6/1/2004
Principal $522,545.25 Contract $522,545.25
Interest $106,312.75 $628,858.00
Misc. FY 2002 Bonds Principal $19,598.08 $648,456.08
Improvements 2002 GO Bonds
Interest $6,945.64 $655,401.72
H Vee Lease FY 2005 Principal $90,000.00 $745,401.72
Hy 2005 GO Bonds
Interest $31,320.00 g$776/721,7272
Hy Vee Lease & Principal $50,000.00
Misc. Fund 406 taxable 2006 GO Bonds 72Im rovements Interest $25,656.82 54Logan TIF Fund 414 taxable Princi al $40,000.00 54Improvements 2004 GO BondsInterest $17,236.02 56Logan TIF Fund 407 taxable Princi al $50,000.00 56Improvements 2007 GO BondsInterest $17,728.00 6
w
y779d1uM CIT ,,[zejD yjiO ,Jis>[o3 yon6V1 yd b97sg97q noi3uloaeR aidT
.6WOI ,001191sW ,J995j2
a8e-Tool .00 WITUso23R
3HT OT VIOITAOI7ITR3O OVIIEIROHTUA VIOITU,I023R
TAHT a25IUTIaV139X3 2 'YTIO 3HT 20TIQUA YTVIUOO
XAT 3HT MOR7 TVI3M32RUEMI3R 5303 Y'3IJAUQ
.aVIU'3 TH3M3209I
a9Xsj jo9llo0 07 yliO erl3 awolls swoI 3o 9boO edl ,aAESEHW
xsT" s ni befiaogeb ed oJ 7oialaib Isoidgsapoep nisJaso 6 niflfiW
bns ,"bnu3 pnionsni3 7neme=I
nidjiw aeaujibnegxe a 'y:fiO erJ 30 noi.f50iftil-190 ,aASREHW
yl7s9y s no TojibuA y7nu00 efiJ OJ ebsm ed faum JOiilaib bisa
. aiasd
3HT 30 ,JIOVIUOO 3HT YE 03VJ023R Y93R3H TI 38 ,3R07HRZHT ,WOVE
of belouzlani 9d xaO10 Y.JiO effJ fsdl ,AWOI ,00dg3TAW 70 YTIO
jsri3 yjiO erl7 3o aeaufibnegxe Its aofibuA ylnuoO 9dJ 01 yaiJaeo
as brnu'3 Insmelonl xsT 9r',3 mo73 Inem9aaudmisa 703 yailsup
:woled bejsoibni
"A" tidirlxq
COOS,OE 9nuj
s9YA tn9mgol9ysb,3A fnsm9Y9nI xsT 9fJn9yA nMOJ moitsrf9i29Q t99[01�I
19lub9c[!)2
tnsm9eludmi931 tn9m9TDnI xsT iol$niyHISuQ zz9ab9tdsbnI
_ S PLEOk noita92 Y9bnU
F
itslumuD 99nru22I 30 9184Ox
"' "ff. a29nb9td9bnI 3o noitgiY�z9Q 9!nuo2 97utibn9gxd xo
Q3SI1iUDVII TVIUOMAtlC,SSi? t�srtno� dS•2I+C,SSz� i�nit`I i,00S\f\6 noiiiziupDA brxsJ
00.K81826� le9'I9tnI
80.C)U,811R 80.8QPUR Is iDniiq zbrioEl 200S YH .DeiM
zbno8 OD SODS etn9mevoigml
SC.fOf�,ZCa� ta.C�e,a� tzsistnI
SC.IOI,cf�C� 00.000,0e� Is iDni-i�I
zbno8 O� ZOOS COOS Y8 9z69J 99V ,�H
SC.ISC,aCC OO.OSE,fE$ iz9Y9tnI
SC.fSC,aS8� 00.000,OU Is ionilq sb 9es9J 99V yH
zbno8 OD 6002 sldsxst 6%briva DziM
�C.8CE,S28'd S8.aca,22� tz919tnI etfi9m9voi mI
1�C.8CE,EQR 00.000,09 Is iDrxii9 HIT nsgoJ
zbno8 OD BOOS 9ldsxst Ult bnuH zin9msvoigml
a�.�ra,eoe mbn,CI� le9x91riI
a�.�ra,ezeOO.000,Ou Is ixni-i l sldsxst COIL bfiui HIT nsgoJ
zbno8 00 COOS zinsm3voigmI
aZ.SPE,CCe� 00.8SC,CI$ tz9Y93nI
R�9-01,�ition No. 2007-986
Page -
T,
S N
-r
r b"'
x 71 r Exhibit "B"
t� s June 30, 2007
Project Designation: Logan Avenue Increment Redevelopment
Schedule 2
H Indebtedness Qualifying for Tax Increment Reimbursement
C Under Section 403.19(2
Amount Received from
o rr Payments under Sec.
No. Year Received 402,12(2) Cumulative Amount
l
c
1 FY2005 $0.00 $0.00
2 FY2006 $0.00 $0.00
c✓
00 3 FY2007 $45,666.48 $45,666.48
N 4 FY2008* $145,000.00 $190,666.48
* gtimated
L PASSED AND ADOPTED this 19th day of November, 2007 .
r rr
Reggie Schmitt, Mayor Pro Tem
ATTEST:
Nancy Ecke CMC
City Clerk
aa �
axe
a8e-700s .00 noijL. In�R
zHc
n � a
m - o
Cf) z
m
zma
b �7
"a" iidifix3 m
Czo
TOGS ,OE 9nuj z r z z
tnsmgol9y9b93l in9ln9iDnl 9un9vA nsaoJ :noiiGn$i29Q b9toil
S 9lub9fI32 z r
in9In92iudfni9fl in9fn97!)nI xLT iol$niXlil&uQ 229fIb9id9bnI V: -i
4)000k noii:)92 igbnu 3 m o
Z
moil b9vig:)g I InuomA > -1
D!)2 i9bnu ztn9fn�s`I � � zo
fnuomA 9viibiufnuD S sum b9vi979A i&9Y oz 'o ~' •
as N
00.0 00.0 zOOSY71 r r o
00.0 00.0 600SYl S tl z
4.666,zl 4.aaa,zk TOOM E a °O
s�.aaa,oer oo.000,zILR *aoosYz a
b9isrltiCJ
H
� n
me
C C
. COOS ,agdm9voO ao ysb `f'er airf3 03TgOQK aVVA 4322A(4 � y
z C
� d
H
71 H
nieT ozq zoysM ,JJimdoa eippeR
ro
oz
4
:T23TTA
DMD , e?[e3 yon6v
),[7ei0 yji0