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HomeMy WebLinkAbout2020-466-06.22.2020Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2020-466 RESOLUTION AUTHORIZING FUND TRANSFERS BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the following transfers be made during the fiscal year ending June 30, 2020. TO General Fund General Fund Debt Service Fund Debt Service Fund Debt Service Fund General Fund General Fund General Fund Tax Increment Financing Fund Capital Projects Fund Capital Projects Fund Capital Projects Fund Capital Projects Fund Capital Projects Fund FROM Trust & Agency Fund -r t Trust & Agency Fund Tax Increment -rFinancing Fund Sewer Fund t Iowa 1 T Reinvestment District Fund AMOUNT $ 7,171,187.03 * $ 651,874.97 $ 2,974,428.61 $ 6,577,497.49 $ 216,027.61 Tax Increment t $ 40,000.00 Financing Fund Tax Increment T $ 105,834.00 Financing Fund T Tax Increment T $ 145,750.00 Financing Fund T -rGeneral Fund t t Tax Increment Financing Fund Tax Increment -rFinancing Fund Tax Increment -rFinancing Fund Tax Increment -rFinancing Fund t Tax Increment Financing Fund Capital Projects Fund Tax Increment Financing Fund Capital Projects Fund * Tax Increment Financing Fund Capital Projects Fund Tax Increment Financing Fund Capital Projects Fund -rTax Increment Financing Fund rCapital Projects Fund t Tax Increment * $1,693,673.56 t t t t t t t $ 6,056.00 $ 102,012.00 $ 185,570.00 PURPOSE Employee benefits Emergency levy TIF share of General Obligation principal and Interest Sewer share of General Obligation principal and interest ✓ Reimburse Debt Service Fund for reinvestment district funds received planned to be used to pay principal for the 2017C bond issue r Reimburse General Fund for services provided by Main Street r Reimburse General Fund for administrative expenses provided for TIF projects • Expenses paid from General Reimburse General Fund for services provided by the Greater Cedar Valley Alliance Fund to be funded with TIF. $ 245,853.18 San Marnan Ansborough Avenue improvements San Marnan property acquisition San Marnan administrative expenses Rath property acquisition $ 14,243.14 r Northeast Site property acquisitions $ 23,589.15 Northeast Site Newell Street improvements $ 8,869.87 • Northeast Site land development expenses (surveying, platting and wetlands delineation) $ 54,344.99 Northeast Site wetland delineation and mitigation $ 9,392.50 Northeast Site administrative expenses $ 16,750.00 r Martin Road Brock 3rd Lot 2 Resolution No. 2020-466 Page 2 r T Financing Fund -r -Capital Projects Fund + Tax Increment +$ Financing Fund r Capital Projects Fund -rTax Increment Capital Projects Fund T Tax Increment -rFinancing Fund Capital Projects Fund Tax Increment Financing Fund T t 36,613.27 sanitary sewer construction Martin Road Brock 3rd sanitary sewer and water main construction $ 117,060.00 r East Waterloo Unified - $ 124,135.22 r East Waterloo Unified - MidPort tree clearing Capital Projects Fund -rTax Increment T $ Financing Fund 14,903.33 Capital Projects Fund -rTax Increment T $ 10,464.22 Financing Fund Capital Projects Fund T Tax increment T $ 1,743.88 Financing Fund Financing fund Capital Projects Fund * Tax Increment Financing Fund Capital Projects Fund -rTax Increment Capital Projects Fund Capital Projects Fund -rFinancing Fund T Tax Increment Financing Fund t t T t MidPort Leversee area development project East Waterloo Unified - MldPort Wagner Road sanitary sewer extension and grading East Waterloo Unified - East Waterloo Unified - Logan Walnut Historical Survey $ 24,176.00 East Waterloo Unified - Logan access road improvements $ 150,000.00 East Waterloo Unified - Logan All -In Grocers development incentive payment $ 10,681.25 MidPort administrative expenses r $ 450,000.00 Downtown Makenda former Ramada hotel development incentive payment East Waterloo Unified - Logan administrative expenses Tax Increment T $ 150,000.00 Financing Fund Capital Projects Fund T Tax Increment T $ 1,710.00 Financing Fund PASSED AND ADOPTED this 22nd day of June 2020. ATTEST: Ke��e� �etcl�e Kelley Felchle City Clerk Downtown Cedar Valley Real r Estate Freidl Building development incentive payment Downtown administrative expenses Quentin Hart Quentin Hart, Mayor