HomeMy WebLinkAboutWaterloo_NE_Ind_Urban_Renewal_07015_FYE2020_FINAL (1)CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION Cover Sheet
CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS
CERTIFICATION 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 Northeast Industrial Urban Renewal
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*: $ 2,111,188
*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. (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.)
Notes/Additional Information:
Please note that we removed $296,234 in debt reductions and revenue adjustments using Form 3 that did not
carry to this form. Net debt outstanding at 6/30/2020 should be $2,373,402.88
Dated this
23 day of
November 2020
319.291.4323
Signature of Authorized Official Telephone
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
Page 1
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo
County: Black Hawk
Urban Renewal Area Name. Waterloo Northeast Industrial Urban Renewal
Urban Renewal Area Number: 07015 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
1. Salaries FY20 : $10,725.17
'X' this box if a rebate agreement. List administrative details on lines above.
2. Administrative Expenses: $9,392.50
DX' this box if a rebate agreement. List administrative details on lines above.
3. GROW Cedar Valley $16,166.34
D'X' this box if a rebate agreement. List administrative details on lines above.
4. Land Survey for Wetlands MMS $6,271 34
'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
6/22/2020
(Total Amount:
10,725
6/22/2020 9,393
1 /21 /20 16,166
11/4/2019 6,271
5. NE Sewer, Water Contract 900 $98,333.50 98,333
U'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.
Total For City TIF Form 1.1 Page 1: 140,888
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
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
Urban Renewal Area Name. Waterloo Northeast Industrial Urban Renewal
Urban Renewal Area Number 07015 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
6. Petcor Land Acq $14,243 14
'X' this box if a rebate agreement. List administrative details on lines above.
7. MLK Wetland AECOM Contract 20Q/1005 $54,344.99
'X' this box if a rebate agreement. List administrative details on lines above.
8. 2020 GO Bonds (Control Grant)
Principal:$1,515,000
Interest: $158,423.03
D'X' this box if a rebate agreement. List administrative details on lines above.
9. 2020 GO Bonds (Wetland Restoration)
Principals $200,000
Interest: $28,288.89
10.
'X' this box if a rebate agreement. List administrative details on fines above.
Date Approved*:
11/4/2019
U'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.
Total For City TIF Form 1.1 Page 2:
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Total Amount:)
14,243
54,345
1,673,423
228,289
1,970,300
CITY TIF FORM 2
SPECIFIC DOLLAR REQUEST FOR AVAILABLE TIF INCREMENT TAX FOR NEXT FISCAL YEAR
CERTIFICATION TO COUNTY AUDITOR
Due To County Auditor By December 1 Prior To The Fiscal Year
Where Less Than The Legally Available TIF Increment Tax Is Requested
Use One Certification Per Urban Renewal Area
City: Waterloo County: Black Hawk
Urban Renewal Area Name: Waterloo Northeast Industrial Urban Renewal
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 next fiscal year and for the Urban Renewal Area within the City
and County named above, the City requests Tess than the maximum legally available TIF increment tax as detailed
below.
Provide sufficient detail so that the County Auditor will know how to specifically administer your request. For
example you may have multiple indebtedness certifications in an Urban Renewal Area, and want the maximum
tax for rebate agreement property that the County has segregated into separate taxing districts, but only want
a portion of the available increment tax from the remainder of the taxing districts in the Area.
Specific Instructions To County Auditor For Administering The Request That This
Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Tax:
The City wants to receive this amount of TIF increment from NE Site TIF
Dated this 23 day of
Amount
Requested:
37,000
November 2020
319.291.4323
Signature of Authorized Official Telephone
CITY TIF FORM 3
TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF
TIF INCREMENT TAX RECEIVED FROM THE COUNTY TREASURER
CERTIFICATION TO COUNTY AUDITOR
Use One Certification Per Urban Renewal Area
City: Waterloo County: Black Hawk
Urban Renewal Area Name: Waterloo Northeast Industrial Urban Renewal
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 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 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 certifcation(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:
Interest Received FY20: $1,001.59
Newell St Improvements Contract 991: $44,304.65
NE Site Grading Contract 926: $171,337.08
Remove GMJ2 rebates
Amount
Reduced:
1,002
44,305
171,337
79,590
Total Reduction In Indebtedness For This Urban Renewal Area: 296,234
Dated this 23 day of
November 2020
319.291.4323
Signature of Authorized Official Telephone
Schedule"1"
Cumulative as of June 30, 2020
Project Designation:
Northeast Industrial Area Tax Increment Redevelopment Area
Schedule 1
Inaenteanessuuaruymgfor
raxincrement nelmoursement cn.uernecum.
No.
Source
Description of Indebtedness
Cumulative Amount
AMOUNT
INCURRED
Land Acquisition 8/95
Principal
$245,447.90
Land Contract
$245,447.90
Land Acquisition
Principal
$362,178.20
Land Contract
$607,626.10
Sanitary Sewer FY 97-98
Principal
$215,725.99
Advance
$823,352.09
Dirt Credit 1997
2000 - $126,796.00
2001 - $63,203.00
2002 - $110,908.00
2003- $46,492.50
Principal
$347,400.00
Agreement
$1,170,752.09
Engineering FY 97-00
Principal
$105,796.41
G.O.Bonds
$1,276,548.50
Recording fees FY 97-00
Principal
$3,048.75
G.O.Bonds
$1,279,597.25
Northeast Drive FY 1997
Principal
$97,276.80
G.O. Bonds
$1,376,874.05
T.G. Drive FY 1998
Principal
$125,410.59
G.O. Bonds
$1,502,284.64
R & N Investments II Rebate
Principal
TIF Tax Rebate
$1,502,284.64
50% 2003
$0
$1,502,284.64
50% 2004
$1,502,284.64
(cancelled) 50% 2005
$1,502,284.64
50% 2006
$1,502,284.64
50% 2007
$1,502,284.64
Interstate Brands Rebate
Principal
TIF Tax Rebate
$1,502,284.64
75% 2003
$21,999.00
$1,524,283.64
60%2034
$18,402.00
$1,542,685.64
45% 2005
$16,027.56
$1,558,713.20
30%2006
$0.00
$1,558,713.20
75% 2007
$0.00
$1,558,713.20
15% 2014
$15,631.00
$1,574,344.20
Financing FY 1997-2000
Interest
$417,660.53
G.O. Bonds
$1,992,004.73
Plat Engineering Fund 411
Principal
$5,000.00
$1,997,004.73
Interest
$3,450.00
2001 G.O. Bonds
$2,000,454.73
GT Drive II
$2,000,454.73
Fund 411- Construction
Principal
$182,868.00
2001 G.O. Bonds
$2,183,322.73
Interest
$71,963.68
$2,255,286.41
Fund412- Construction
Principal
$48,630.00
2002 G.O. Bonds
$2,303,916.41
Interest
$21,873.14
$2,325,789.55
Fund 412-RISE Application
Principal
$4,500.00
2002 G.O. Bonds
$2,330,289.55
Interest
$3,139.00
$2,333,428.55
WIDA FY 2(03
Interest
$8,482.82
Contract
$2,341,911.37
WIDA FY2004
Interest
$10,820.89
Contract
$2,352,732.26
WIDA FY2005
Interest
$4,276.29
Contract
$2,357,008.55
Cedar Valley FY2004
Principal
$13,200.00
Contract
$2,370,208.55
Cedar Valley FY2005
Principal
$17,500.00
Contract
$2,387,708.55
Cedar Valley FY2006
Principal
$17,500.00
Contract
$2,405,208.55
Cedar Valley FY2007
Principal
$17,500.00
Contract
$2,422,708.55
Cedar Valley FY2008
Principal
$32,000.00
Contract
$2,454,708.55
Cedar Valley FY2009
Principal
$33,168.00
Contract
$2,487,876.55
Cedar Valley FY2010
Principal
$32,000.00
Contract
$2,519,876.55
Cedar Valley FY2011
Principal
$9,500.00
Contract
$2,529,376.55
Cedar Valley FY2012
Principal
$16,166.00
Contract
$2,545,542.55
Cedar Valley FY2013
Principal
$24,000.00
Contract
$2,569,542.55
Cedar Valley FY2014
Principal
$16,166.67
Contract
$2,585,709.22
Cedar Valley FY2015
Principal
$12,833.33
Contract
$2,598,542.55
GCVA FY2016
Advance
$16,166.67
Contract
$2,614,709.22
GCVA FY2017
Advance
$16,166.66
Contract
$2,630,875.88
GDVA FYE2018
Advance
$28,333.34
Contract
$2,659,209.22
Gray Transportation Rebates
Principal
TIF Tax Rebate
$2,659,209.22
50% 2005
$31,493.93
$2,690,703.15
50% 2006
$32,391.28
$2,723,094.43
50% 2007
$26,788.28
$2,749,882.71
50% 2008
$27,139.08
$2,777,021.79
50% 2009
$28,976.01
$2,805,997.80
Ferguson Enterprises Fund 414
Principal
$3,500,000.00
2004 G.O. Bonds
$6,305,997.80
Interest
$1,708,885.00
$8,014,882.80
Ferguson Enterprises Rebates
Principal
TIF Tax Rebate
$8,014,882.80
FY2007
$392,733.25
$8,407,616.05
FY2008
$435,187.68
$8,842,803.73
FY2009
$467,334.00
$9,310,137.73
FY2010
5461,864.00
$9,772,001.73
FY2011
$462,500.00
$10,234,501.73
FY2012
S458,210.00
$10.692.711 73
FY2013
$374,184.00
$11,066,895.73
FY2014
$349.570.00
$11.416.465.73
FY2015
$328,042.00
$11,744,507.73
FY2016
$277,498.00
$12,022,005.73
Etringer Land Contract
Principal
$350,000.00
Land Contract
$12,372,005.73
FY2007
Interest
$3,161.67
$12,375,167.40
FY2008
Interest
$2,499.56
$12,377,666.96
OFI Properties
Principal
TIF Tax Rebate
$12,377,666.96
50% FY2009
$52,758.13
4.12430425.09
50% FY2010
$54,310.00
$12
484
735.0
50% FY2011
$54,384.00
$12 539119.0•
50% FY2012
$53,880.00
$12,592,999.09
Schedule "1"
Cumulative as of June 30, 2020
Project Designation:
Northeast Industrial Area Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2)
50% FY2013
$37,352.00
$12,630,351.09
Veteran Enterprises, Ltd.
Principal
TIF Tax Rebate
$12,630,351.09
50% FY2013
$13,635.00
$12,643,986.09
50% FY2014
$39,115.00
$12,683,101.09
50% FY2015
$12,108.00
$12,695,209.09
50% FY2016
$0.00
$12,695,209.09
50% FY2017
$0.00
$12,695,209.09
FY2019
$57,672.00
$12,752,881.09
Twin City Tannery
Principal
TIF Tax Rebate
$12,752,881.09
50% FY2014
$36,866.00
$12,789,747.09
50% FY2015
$13,276.00
$12,803,023.09
50% FY2016
$7,516.00
$12,810,539.09
GMJ2 Industries,
LLC
$12,810,539.09
50% FY2023*
$0.00
$12,810,539.09
50% FY2024*
$0.00
$12,810,539.09
50% FY2025*
$0.00
$12,810,539.09
50% FY2026*
$0.00
$12,810,539.09
50% FY2027*
$0.00
$12,810,539.09
1999 GO Bonds Refinanced - Deduct
Principal
($208,847.00)
1999 G.O. Bonds
$12,601,692.09
Old
Debt Service
Interest
($75,34400)
$12,526,348.09
2007
GO Bonds - 1999 GO Bonds
Principal
$210,281.00
2007 G.O. Bonds
$12,736,629.09
Refinanced - Add New Debt Svc
Interest
$58,851.00
$12,795,480.09
2007 GO Bonds Refinanced - Deduct
Principal
($101,668.00)
2007 G.O. Bonds
$12,693,812.09
Old Debt Service
Interest
($12,064.00)
$12,681,748.09
2014 GO Bonds - 2007 GO Bonds
Principal
$96,598.00
2014 G.O. Bonds
$12,778,346.09
Refinanced
- Add
New
Debt Svc
Interest
$8,997.00
$12,787,343.09
Fund 414 Taxable Reallocate Bonds
Principal
($69,651.07)
2004 G.O. Bonds
$12,717,692.02
for NE Site Projects - 2008
Interest
($34,007.24)
$12,683,684.78
2001 GO Bonds Refinanced - Deduct
Interest
($33,048.06)
2001 G.O. Bonds
$12,650,636.72
2009 GO Bonds - 2001 GO Bonds
Interest
$9,046.22
2009 G.O. Bonds
$12,659,682.94
Veterans Ent Grant
Principal
$207,093.00
Advance
$12,866,775.94
2002 GO Bonds Refinanced - Deduct
Principal
($35,000.00)
1999 G.O. Bonds
$12,831,775.94
Old Debt Service
Interest
($6,250.00)
$12,825,525.94
2010 GO Bonds - 2002 GO Bonds
Principal
$35,266.02
2007 G.O. Bonds
$12,860,791.96
Refinanced - Add New Debt Svc
Interest
$3,241.25
$12,864,033.21
2004 GO Bonds Refinanced (Fund
Principal
($2,175,000.00)
1999 G.O. Bonds
$10,689,033.21
414) - Deduct Old Debt Service
Interest
($600,422.50)
$10,088,610.71
2011 GO Bonds - 2004 GO Bonds
Principal
$2,175,000.00
2011 G.O. Bonds
$12,263,610.71
Refinanced
Interest
$278,885.44
$12,542,496
15
R&B Enterprises
Principal
$7,000.00
Advance
$12,549,496.15
McCloud
Legal Expenses
Principal
$258.75
Advance
$12,549,754.90
FY15 Administrative Expenses
Principal
$3,089.46
Advance
$12,552,844.36
2013 GO Bonds - Taxable
Principal
$220,000.00
2013 G.O. Bonds
$12,772,844.36
Interest
$30,028.19
$12,802,872.55
2013 GO Bonds - Non Taxable
Principal
$50,000.00
2013 G.O. Bonds
$12,852,872.55
Interest
$5,775.09
$12,858,647.64
2014 GO Bonds - Taxable
Principal
$315,000.00
2014 G.O. Bonds
$13,173,647.64
Interest
$46,697.50
$13,220,345.14
2020 CO Bonds (Taxable) Control
Principal
$1,515,000.00
2020 GO Bonds
$14,735,345.14
Grant
Interest
$158,423.03
$14,893,768.17
2020 GO Bonds (Tax Exempt)
Principal
$200,000.00
2020 GO Bonds
$15,093,768.17
Wetlands Restoration
Interest
$28,288.89
$15,122,057.06
DE Engineering Platting Services
Principal
$0.00
Contract
$15,122,057.06
DE Engineering Roadway
Construction Design
Principal
$80,400.00
Contract
$15,202,457.06
DE Engineering Sewer and Water
Main Construction CRS
Advance
$112,500.00
Contract
$15,314,957.06
FY16 NE San Sewer, Water Main
Principal
$1,211,318.00
Contract
$16,526,275.06
FYE2016 Admin Expenses
Advance
$4,500.00
$16,530,775.06
Willard Frost I and Acquisition
Principal
$1,299,097.00
Contract
$17,829,872.06
JDE Engineering Design
Principal
$93,500.03
Contract
$17,923,372.06
JDE Engineering CRS
Principal
$113,160.00
Contract
$18,036,532.06
FY17Administrative Expenses
Advance
$10,650.06
Advance
$18,047,182.12
FY17 NE Site Grading
Principal
$966,707.20
Contract
$19,013,889.32
FY17 Via Rail Engineering, Inc.
Principal
$56,307.28
Contract
$19,070,196.60
FY17 Great Plains Surveying
Principal
$32,101.00
Contract
$19,102,297.60
FYIS Great Plains, Terracon
Principal
$8,781.50
$19,111,079.10
Remove of JDE Contract - cancelled
Principal
($67,176.25)
$19,043,902.85
Administrative Expenses
Advance
$3,474.00
Advance
$19,047,376.85
Salaries
Advance
$15,322.52
Advance
$19,062,699.37
GROW Cedar Valley FY2019
Advance
$28,333.34
Advance
$19,091,032.71
NE Road San Sewer, Water Main
Advance
($9,704.17)
$19,081,328.54
Design & CSR
Advance
NE Grading Contract 926
Advance
$172,327.44
Advance
$19,253,655.98
Land Survey Wetlands MMS
Advance
$18,500.00
Advance
$19,272,155.98
Newell
St Improvements
Advance
$98,200.00
Advance
$19,370,355.98
1031 Rottinghause Land Acquisition
Advance
$285,362.00
Advance
$19,655,717.98
Administrative Expenses FY19
Advance
$427.00
Advance
$19,656,144.98
Salaries FY19
Advance
$12,462.90
Advance
$19,668,607.88
GROW Cedar Valley FY2019
Advance
$16,166.34
Advance
$19,684,774.22
Land Survey Wetlands
MMS FY20
Advance
$6,271.34
Advance
$19,691,045.56
Newell St Improv. Cont 991 FY20
Advance
($44,304.65)
Advance
$19,646,740.91
NE Grading Contract 926
Advance
($171,337.08)
Advance
$19,475,403.83
NE Sewer, water, Contract 900
Advance
$98,333.50
Advance
$19,573,737.33
MLK Wetlands AECOM Contract
20Q/1005 FY20
Advance
$54,344.99
Advance
$19,628,082.32
Land Acq Petcor N.A. FY 20
Advance
$14,243.14
Advance
$19,642,325.46
Salaries FY20
Advance
$10,725.17
Advance
$19,653,050.63
Administrative Expenses FY20
Advance
$9,392.50
Advance
$19,662,443.13