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HomeMy WebLinkAbout2014-1008-11/24/2014 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 . RESOLUTION NO. 2014-1008 RESOLUTION AUTHORIZING CERTIFICATION TO THE COUNTY AUDITOR THE CITY' S EXPENDITURES THAT QUALIFY FOR REIMBURSEMENT FROM THE TAX INCREMENT FUND IN THE DOWNTOWN WATERLOO URBAN RENEWAL AND REDEVELOPMENT TAX INCREMENT DISTRICT. 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 be 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 Urban Renewal and Redevelopment Tax Increment District, as indicated in attached Exhibit "A" and Exhibit "B", be and the same are hereby approved. PASSED AND ADOPTED this 24th day of November, 2014 . Z,d(/ nest G. Clark, Mayor ATTEST: Suzy Sc res, CMC City Cle k Exhibit"A" Cumulative as of June 30,2014 Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 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 $1,200,223.14352776 Phase II Study Contract $152,553.00 Advance $1, 52, 76.14 613 Water Acquisition Contract $72,500.00 Advance $1,425,276.14 UDAG#1 7/17/80 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 Study 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 $4,163,898.37 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 $13,668,160.87 East Side Parking Ramp 8/1/83 Principal $1,500,000.00 G.O.Bonds $15,168,160.87 Interest $1,073,981.25 G.O.Bonds $16,242,142.12 East Side Parking Facility Principal $350,000.00 G.O.Bonds $16,592,142.12 8/1/84 Interest $325,777.00 G.O.Bonds $16,917,919.12 Conway Plaza Skywalk 8/1/84 Principal $100,000.00 G.O.Bonds $17,017,919.12 Interest $93,079.00 G.O.Bonds $17,110,998.12 East Fifth St.Parking Ramp Principal $50,000.00 G.O.Bonds $17,160,998.12 5/85 Interest $46,539.50 G.O.Bonds $17,207,537.62 Tax Redeemed Properties 5/85 Contract $5,004.49 Advance $17,212,542.11 • Skywalk Feasibility Study 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 12/85 East Fifth Parking Ramp 5/86 Principal $50,000.00 G.O.Bonds $17,299,542.11 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 BIk E.4th St. Principal $360,000.00 G.O.Bonds $17,739,093.20 500 BIk 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 • 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 $21,690,992.37 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 $421,307.99 1999 GO Bonds $23,019,451.33 Acquisitions&Demo FY 00 Principal $80,602.57 2000 GO Bonds $23,100,053.90 Page 1 of 8 • Exhibit"A" Cumulative as of June 30,2014 Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Fmancing Interest $42,108.59 2000 GO Bonds $23,142,162.49 Parking Ramp Reconstruction Principal $150,000.00 1998 GO Bonds $23,292,162.49 FY 99-00 Financing Interest $69,826.77 1998 GO Bonds $23,361,989.26 Johnson Rebate#1&2 Principal TIF Rebate 5yrs@100%, 8yrs@100% 2000 $20,934.30 $23,382,923.56 2001 $21,381.91 $23,404,305.47 2002 $34,795.88 $23,439,101.35 2003 $35,043.46 $23,474,144.81 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 $13,472.74 $23,567,934.93 2008 $13,871.48 $23,581,806.41 2009 $17,815.56 $23,599,621.97 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 $23,631,132.28 2004 $11,732.94 $23,642,865.22 2005 $7,037.40 $23,649,902.62 Hollen Rebate 5 yrs.@ 100% Principal TIF Rebate 2001 $2388.33 $23,652,290.95 2002 $2,954.68 $23,655,245.63 2003 $2960.08 $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 $23,667,904.27 2002 $2,837.28 $23,670,741.55 2003 $2,873.50 $23,673,615.05 2004 $3,031.20 $23,676,646.25 2005 $3,539.38 $23,680,185.63 2006 $3,647.56 $23,683,833.19 2007 $2,089.29 $23,685,922.48 2008 $230.93 $23,686,153.41 Lown Rebate#1 5 yrs @ 100% Principal TIF Rebate 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 $23,690,994,90 2005 $2,982.84 $23,693,977.74 Lown Rebate#2 5 yrs @ 100% Principal TIF Rebate 2001 $495.42 $23,694,473.16 2002 $565.50 $23,695,038.66 2003 $540.89 $23,695,579.55 2004 $604.16 $23,696,183.71 2005 $946.84 $23,697,130.55 Roberts Rebate 5 yrs @ 100% Principal TIP Rebate 2002? $0 $23,697,130.55 2003? $23,697,130.55 2004? $23,697,130.55 2005? $23,697,130.55 2006? $23,697,130.55 Marsh Place Rebate 10 yrs Principal 1114 Rebate 85%2003 $11,693.83 $23,708,824.38 Page 2 of 8 ,_ Exhibit"A" Cumulative as of June 30,2014 Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) 85%2004 $12,668.38 $23,721,492.76 85%2005 $8,193.78 $23,729,686.54 85%2006 $6,771.88 $23,736,458.42 85%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 $4,716.00 $23,767,436.94 45%2012 $3,504.00 $23,770,940.94 Garthoff Rebate 5 yrs @ 100% Principal TIF Rebate 2003 $0 $23,770,940.94 2004 2005 $23,770,940.9i 2006 $23,770,940.94 2007 $23,770,940.94 $23,770,940.94 Ament Rebate 5 yrs @ 100% Principal TIP Rebate 2002 $1,601.89 2003 $1,585.43 $1,585.43 $23,774,128.26 2004 $1,711.38 $23,775,839.64 2005 $2,332.32 $23,778,171.96 2006 $2,424.79 $23,780,596.75 MIK Rebate 5 yrs @ 100% Principal TIF Rebate 2002 $6,516.00 2003 $23,787,112.75� $6,278.34 $23,793,391.09 2004 $6,684.60 $23,800,075.69 2005 $8,239.50 $23,808,315.19 2006 $8,540.82 $23,816,856.01 Micou Rebate Principal TIF Rebate $23,816,856.01 100% 2006 $595.15 $23,817,451.16 100% 2007 $2,135.84 $23,819,587.00 100% 2008 $2,174.48 $23,821,761.48 100% 2009 $2,550.41 $23,824,311.89 100% 2010 $2,528.00 $23,826,839.89 Cedar Skyline Rebate TIE Rebate $23,826,839.89 Gilmor&Doyle 100W 2003-2006 papal $49 742 95 $23,876,582.44 Gilmor&Doyle 100%" 2009 principal $15,292.97 $23,891,875.41 Gilmor&Doyle 2008 principal $16,127.59 $23,908,003.00 Landau Rebate 10 yrs @ 100% Principal TIF Rebate 2003 $13,646.60 $23,921,649.60 2004 $14,427.14 2005 $23,936,076.74 $17,025.24 $23,953,101.98 2006 $17,615.74 $23,970,717.72 2007 $20,435.62 $23,991,153.34 2008 $20,610.38 $24,011,763.72 2009 $22,243.62 $24,034,007.34 2010 $21,986.00 2011 $24,055,993.34 $22,016.00 $24,078,009.34 2012 $21,812.00 $24,099,821.34 Orr Haifa Rebate 7 yrs 1100% Principal TIE Rebate (JSA) $7,824.63 $24,107,615.97 2009 $8,612.00 $24,116,257.97 2010 $8,516.00 $24,124,773.97 2011 ' $8,528.00 $24,133,301.97 2012 $8,450.00 2013 $24,141,751.97 $14,156.00 $24,155,907.97 2014 $13,226.00 $24,169,133.97 Slife Rebate 8 yrs @ 100% Principal TIE Rebate Page 3 of 8 Exhibit"A" Cumulative as of June 30,2014 Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) 2008 _ $6,808.06 $24,175,942.03 2009 $6,292.00 $24,182,234.03 2010 $6,200.00 $24,188,434.03 2011 $6,210.00 $24,194,644.03 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 $24,777,886.03 Courier Rebate 10 yrs®100% Principal TIF Rebate 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 2014 $6,114.00 $24,286,692.29 2015* $16,420.00 $24,303,112.29 2016* $10,306.00 $24,313,418.29 2017* $10,306.00 $24,323,724.29 NCN Ltd.Rebate 7yrs @ 100% Principal TIF Rebate 2008 $0.00 $24,323,724.29 2009 $26,230.70 $24,349,954.99 2010 $23,408.00 $24,373,362.90 2011 $28,218.00 $24,401,580.99 2012 $34,291.00 $24,435,871.99 2013 $40,653.00 $24,476,524.99 2014 $37,390.00 $24,513,914.99 2015* $30,458.00 2016* $24,544,372.99 $5,528.00 $24,549,900.99 Hollen II Rebate 5 yrs.@ 100% Principal TIF Rebate 2007 $1,793.46 $24551,694.45 2008 $1,855.44 $24,553,549.89 2009 $2,470.00 $24,556,019.89 2010 $2,456.00 $24,558,475.89 2011 $2,456.00 $24,560,931.89 CN Bank-3rd Floor 10 yrs.43100% Principal TIF Rebate 2009 $16,126.00 $24,577,057.89 2010 $16,062.00 $24,593,119.89 2011 $16,084.00 $24,609,203.89 2012 $15,934.00 $24,625,137.89 2013 $15,922.00, $24,641,059.89 2014 $14,876.00 $24,655,935.89 2015* $6,012.00 $24,661,947.89 2016* $4,348.00 $24,666,295.89 2017* $4,348.00 $24,670,643.89 2018* $4,348.00 $24,674,991.89 JSA Development 5 yrs.@ 100% Principal TIP Rebate $24,674,991.89 2009 $6,146.00 $24,681,137.89 2010 $3,044.00 $24,684,181.89 2011 $9,140.00 $24,693,321.89 2012 $13,426.00 $24,706,747.89 2013 $9,766.00 $24,716,513.89 Jackie Rosic 5 yrs.@100% Principal TIF Rebate $24,716,513.89 2009 $4,149.00 $24,720,662.89 2010 $4,166.00 $24,724,828.89 2011 $4,172.00 $24,729,000.89 2012 $4,132.00 $24,733,132.89 2013 $7,120.00 $24,740,252.89 Dolly James,LLC 10yrs.(0100% Principal TIF Rebate $24,740,252.89 Page 4 of 8 Exhibit"A" Cumulative as of June 30,2014 Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) 2015* $36,812.00 2016* $24,777,064.89� $36,812.00 $24,813,876.89 2017* $36,812.00 $24,850,688.89 2018* $36,812.00 zo19* $24,887,500.89 $36,812.00 $24,924,312.89 2020* $36,812.00 2021* $36,812.00 $36,812.00 $24,997,936.89 2022* $36,812.00 $25,034,748.89 2023* $36,812.00 $25,071,560.89 2oz4* $36,812.00 $25,108,372.89 Fischels Holdings,LLC 10yrs.@ Principal TIF Rebate $25,108,372.89 2016* $3,522.00 $25,111,894.89 2017* $3,522.00 $25,115,416.89 2018* $3,522.00 $25,118,938.89 2019* $3,522.00 2020* $25,122,460.89 $3,522.00 $25,125,982.8• 2021* $3,522.00 2022* $3,522.00 $3,522.00 $25,133,026.89 2023* $3,522.00 $25,136,548.89 2024* $3,522.00, $25,140,070.89 2025* $3,522.00 $25,143,592.89 Court Square Bldg Co Syrs @100% Principal TIF Rebate $25,143,592.89 2015* $0.00 $25,143,592.89 2016* $530.00 $25,144,122.891 2017* $530.00 $25,144,652.84 2018* $530.00 $25,145,182.8•. 2019* $530.00 $25,145,712.89 HQAA-JSA,LLC Principal TIF Rebate 2015* $25,145,712.89 $15,956.00 $25,161,668.89 2016* $15,956.00 $25,177,624.89 2017* $15,956.00, $25,193,580.89 2018* $15,956.00 $25,209,536.89 2019* $15,956.00 $25,225,492.89 2020* $15,956.00 $25,241,448.89, 2021* $15,956.00 $25,257,404.89 2022* $15,956.00 $25,273,360.89 2023* $15,956.00 $25,289,316.8• Downtown Redevelopment Principal $307,500.00 2001 GO Bonds $25,596,816.89 6/01 Interest $145,177.00 2001 GO Bonds $25,741,993.89 SSMID Taxes Principal $66,512.46 Contract $25,808,506.35 Downtown St.RISE Match Principal $150,000.00 2003 GO Bonds $25,958,506.35 Fund 413 Interest $32,912.00 2003 GO Bonds $25,991,418.35 US 63 Study fund 411 Principal $50,000.00 2001 GO Bonds $26,041,418.35 Interest $23,446.50 2001 GO Bonds $26,064,864.85 Windows on Waterloo V Principal $11,002.00 2002 GO Bonds $26,075,866.85 Fund 412 Interest $7,674.00 2002 GO Bonds $26,083,540.85 Downtown Redevelopment Principal $200,000.00 2003 GO Bonds $26,283,540.85 Fund 413 Interest $47,888.00 2003 GO Bonds $26,331,428.85 Downtown Redevelopment Principal $55,358.07 2003 GO Bonds $26,386,786.92 Fund 413 Interest $14,490.00 2003 GO Bonds $26,401,276.92 Downtown Redevelopment Principal $78,114.59 2003 GO Bonds $26,479,391.51 Fund 413 Interest $18,707.00 2003 GO Bonds $26,498,098.51 Downtown Street Lighting Principal $40,000.00 2004 GO Bonds $26,538,098.51 Fund 414 Interest $13,450.00 2004 GO Bonds $26,551,548.51 Main Street 2004 Principal $30,000.00 Contract $26,581,548.51 SSMID 2003 Principal $56,641.16 Contract $26,639,086.26 SSMID 2004 Principal $896.59 Contract $26,639,086.26 Main Street 2005 Principal $30,000.00_ Contract $26,669,086.26 Page 5 of 8 Exhibit"A" Cumulative as of June 30,2014 Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Downtown Acquisition Fund Principal $140,000.00 2004 GO Bonds 414(taxable) InterestP Bonds $26,880,466.26 $26,880,466.26 Vandewalle Contract Fund Principal $71,380.00 2004 GO 414 $6 0,000.00 2004 GO Bonds $26,940,466.26 Interest $23,225.36 2004 GO Bonds $26,963,691.62 Downtown Redevelopment Principal $215,000.00 2004 GO Bonds Fund 414 $27,178,691.62 Interest $80,212.62 2004 GO Bonds $27,258,904.24 Downtown Street Lighting Principal $10,000.00 2004 GO Bonds Fund 414 $27,268,904.24 Interest $3,965.36 2004 GO Bonds $27,272,869.60 Main Street 2006 Principal $30,000.00 Contract Downtown Acquisition $27,452,869.60, q Principal $150,000.00 2004 GO Bonds $27,452,869.60 Fund 414 Interest $53,362.50 2004 GO Bonds Downtown Acquisition $27,506,232.108 q Principal $850,000.00 2005 GO Bonds $28,356,232.10 Fund 415 Interest $282,397.50 2005 GO Bonds $28,638,629.60 Downtown Dev Fund 406 Principal $100,000.00 2006 GO Bonds $28,738,629.60 tax exempt Interest $40,915.00 2006 GO Bonds $28,779,544.60 WDC Properties I Acquisition Principal $240,000.00 Advance Contract Interest $29,043,874.60 Downtown Dev. Fund 406 Principal 500, 0.00 Advance $29,543,874.60 P $SOO,000.00 2006 GO Bonds $29,543,874.60 tax exempt Interest $194,662.60 2006 GO Bonds $29,738,537.20 Downtown Property Acq. Principal $546,079.28 Advance $30,284,616.48 Main Street 2007 Principal $30,000.00 Contract $30,314,616.4-8 Main Street 2008 Principal $30,000.00 Contract $30,344,616.48 Main Street 2009 Principal $30,000.00 Contract $30,374,616.48 Main Street 2010 Principal $40,000.00 Contract $30,414,616.48 Main Street 2011 Principal $40,000.00 Contract $30,454,616.48 Main Street 2012 Principal $40,000.00 contract $30,494,616.48 Main Street 2013 Principal $40,000.00 contract $30,534,616.48 Main Street 2014 Principal $40,000.00 Contract 1998 GO Bonds Refinanced - Principal $30,574,616.48 p ($87,000.00) 1998 GO Bonds $30,487,616.48 Deduct Old Debt Service Interest ($14,231.00) 1998 GO Bonds 1998 GO Bonds Refinanced- Principal $30,560,985.48 p $87,600.00 2007 GO Bonds $30,560,985.48 Add New Debt Service Interest $12,654.00 1999 GO Bonds Refinanced - Principal $30,573,639.4828 p ($287,327.00) 1999 GO Bonds $30,286,312.48 Deduct Old Debt Service Interest ($103,658.00) 1999 GO Bonds 1999 GO Bonds Refinanced- Principal $30,182,654.481 p $289,301.00 2007 GO Bonds $30,471,955.48 Add New Debt Service Interest $80,969.00 Fund 407 Pump Station Principal $31,602,924.48 p $1,050,000.00 2007 GO Bonds $31,602,924.48 Interest $379,495.00 $31,982,419.48 Fund 407 Parking Ramp Principal $700,000.00 2007 GO Bonds $32,682,419.48 Interest $257,645.00 $32,940,064.48 Fund 407 Property Acq. Principal $200,000.00 2007 GO Bonds Tax exempt $33,140,064.48 Interest $74,550.00 $33,214,614.48 Fund 407 Property Acq.Taxable Principal $200,000.00 2007 GO Bonds $33,414,614.48 Interest $71,112.50 $33,485,726.98 Fund 407 Development Plan Principal $100,000.00 2007 GO Bonds $33,585,726.98 Interest $39,250.00 $33,624,976.98 2000 GO Bonds Refinanced Principal ($9,761.00) 1999 GO Bonds 2007-Deduct Old Debt Service $33,612,666.98 Interest ($2,549.00) 1999 GO Bonds $33,612,666.98 2000 GO Bonds Refinanced- Principal $10,209.00 2007 GO Bonds Add New Debt Service-2007 $33,624,8 Interest $1,929.00 $33,624,804.98 04.98 Fund 408 Development Plan Principal $100,000.00 2008 GO Bonds Tax Exempt $33,724,804.98 Interest $34,332.50 $33,759,137.48 Fund 408 Property Acq. Principal $150,000.00 2008 GO Bonds $33,909,137.48 Page 6 of 8 • Exhibit"A" Cumulative as of June 30,2014 Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Tax Exempt Interest $45,655.00 $33,954,792.48 Fund 408 Public Market Principal $585,000.00 2008 GO Bonds $34,539,792.48 Taxable Interest $172,750.00 $34,712,542.48 Fund 408 Parking Ramp Principal $1,400,000.00 2008 GO Bonds $36,112,542.48 Taxable Interest $407,250.00 $36,519,792.48 E.4th Street Streetscape Project Principal $9,200.00 Advance $36,528,992.48 E 4th Street Improvements Principal S420,029.47 Advance $36,949,021.95 E 4th Street Principal $21,961.18 Advance $36,970,983.13 2009 Downtown Parking Principal $700,000.00 2009 GO Bonds $37,670,983.13 Garages-Exempt Interest $209,558.86 $37,880,541.99 2009 Downtown Development Principal $100,000.00 2009 GO Bonds $37,980,541.99 Plan-Exempt Interest $31,156.89 $38,011,698.88 2009 Downtown Acquisitions- Principal $250,000.00 2009 GO Bonds $38,261,698.88 Exempt Interest $71,649.06 $38,333,347.94 2009 Downtown Acquisitions- Principal $300,000.00 2009 GO Bonds $38,633,347.94 Taxable Interest $81,214.30 $38,714,562.24 Fund 410 Downtown Principal $60,000.00 2010 GO Bonds $38,774,562.24 Development Plan-Taxable Interest $10,893.17 $38,785,455.41 Fund 410 Downtown Principal $506,000.00 2010 GO Bonds $39,291,455.41 Acquisitions-Taxable Interest $97,450.89 $39,388,906.30 2002 GO Bonds Refinanced - Principal ($11,002.00) 1999 GO Bonds $39,377,904.30 Deduct Old Debt Service Interest ($7,674-00) 1999 GO Bonds $39,370,230.30 2002 GO Bonds Refinanced- Principal $11,031.56 2007 GO Bonds $39,381,261.86 Add New Debt Service-Fund Interest $3,979.74 $39,385,241.60 410 2004 GO Bonds Refinanced - Principal ($85,000.00) 2004 GO Bonds $39,300,241.60 Deduct Old Debt Service Interest ($17,925.00) 2004 GO Bonds $39,282,316.60 2004 GO Bonds Refinanced- Principal $85,000.00 2011 GO Bonds $39,367,316.60 Add New Debt Service-Fund Interest $12,705.56 $39,380,022.16 411 2005 GO Bonds Refinanced - Principal ($510,000.00) 2005 GO Bands $38,870,022.16 Deduct Old Debt Service- Downtown Acquisitions Interest ($96,405.O0) $38,773,617.16 2005 GO Bonds Refinanced- Principal $510,000.00 2012 GO Bonds $39,283,617.16 Add New Debt Service-Fund 412(2012) Interest $51,204.18 $39,334,821.34 2003 GO Bonds Refinanced - Principal ($60,000.00) 2003 GO Bonds $39,274,821.34 Deduct Old Debt Service- Interest ($6,290.00) $39,268,531.34 Comm St Extension 2003 GO Bonds Refinanced- Principal $60,000.00 2012 GO Bonds $39,328,531.34 Add New Debt Service-Fund Interest $1,892.82 $39,330,424.16 412(2012) 2003 GO Bonds Refinanced - Principal ($30,446.87) 2003 GO Bonds $39,299,977.29 Deduct Old Debt Service- Courier Bldg Acq(Midport) Interest ($3,401.00) $39,296,576.29 2003 GO Bonds Refinanced- Principal $30,446.87 2012 GO Bonds $39,327,023.16 Add New Debt Service-Fund 412(2012) Interest $698.56 $39,327,721.72 2003 GO Bonds Refinanced - Principal ($35,149.00) 2003 GO Bonds $39,292,572.72 Deduct Old Debt Service- Courier Bldg Acq(Rath) Interest ($3,686.00) $39,288,886.72 Page 7 of 8 Exhibit"A" Cumulative as of June 30,2014 Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) 2003 GO Bonds Refinanced- Principal $35,149.00 2012 GO Bonds $39,324,035.72 Add New Debt Service-Fund 412(2012) Interest $985.75 $39,325,021.47 2003 GO Bonds Refinanced - Principal ($30,000.00) 2003 GO Bonds $39,295,021.47 Deduct Old Debt Service- Downtown Lighting Interest ($3,145.00) $39,291,876.47 2003 GO Bonds Refinanced- Principal $30,000.00 2012 GO Bonds $39,321,876.47 Add New Debt Service-Fund 412(2012) Interest $504.69 $39,322,381.16 2007 GO Bonds Refinanced - Principal ($139,873.00) 2007 GO Bonds $39,182,508.16 Deduct Old Debt Service Interest ($16,59e.00) $39,165,910.16 2007 GO Bonds Refinanced- Principal $139,873.00 2014 GO Bonds $39,305,783.16 Add New Debt Service-Fund 414(2014) Interest $12,378.00 $39,318,161.16 2006 GO Bonds Refinanced - Principal ($385,000.00) 2014 GO Bonds $38,933,161.16 Deduct Old Debt Service Interest ($61,077 52) $38,872,083.64 2006 GO Bonds Refinanced- Principal $385,000.00 2014 GO Bonds $39,257,083.64 Add New Debt Service-Fund 414(2014) Interest $1,477.80 $39,258,561.44 Fund 411 Downtown Principal $100,000.00 2011 GO Bonds $39,358,561.44 Development Plan-Taxable Interest $37,066.11 $39,395,627.55 Fund 411 Downtown Principal $800,000.00 2011 GO Bonds $40,195,627.55 Acquisitions-Taxable Interest $269,240.97 $40,464,868.52 Fund 411 Downtown Principal $800,000.00 2011 GO Bonds $41,264,868.52 Demolitions-Taxable Interest $269,240.97 $41,534,109.49 Fund 412 Downtown Principal $800,000.00 2012 GO Bonds $42,334,109.49 Acquisitions-Taxable Interest $98,233.13 $42,432,342.62 Fund 412 Downtown Principal $60,000.00 2012 GO Bonds $42,492,342.62 Development Plan Interest $7,290.00 $42,499,632.62 Fund 413 Downtown Principal $950,000.00 2013 GO Bonds $43,449,632.62 Acquisitions-Taxable Interest $125,810.76 $43,575,443.38 Fund 413 Downtown Principal $80,000.00 2013 GO Bonds $43,655,443.38 Development Plan Interest $10,579.03 $43,666,022.41 Fund 414 Techworks Principal $3,500,000.00 2014 GO Bonds $47,166,022.41 Interest $1,112,697.40 $48,278,719.81 Fund 414 Downtown Principal $80,000.00 2014 GO Bonds $48,358,719.81 Development Plan Interest $13,255.56 $48,371,975.37 Fund 414 Downtown Principal $345,000.00 2014 GO Bonds $48,716,975.37 Acquisitions Interest $114,661.47 $48,831,636.84 Teamsters Acquisition Principal $92,781.02 Advance $48,924,417.86 E 4th Street Principal $31,886.19 Advance TechWorks $48,956,304.05 Principal $24,104.93 Advance $48,980,408.98 TIF Expansion Principal $1,063.75 Advance $48,981,472.73 Cedar Skyline Forgiveable Loan Principal $247,500.00 Advance $49,228,972.73 TechWorks(FY13) Principal $3,977.50 Advance $49,232,950.23 TechWorks(FY14) Principal $4,410.00 Advance $49,237,360.23 Estimated 1 J Page 8 of 8 EXHIBIT"B" Cumulative as of June 30, 2014 Project Designation: Downtown VVaterloo Urban Renewal and Redevelopment Program Schedule 2 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Amount Received from Year Payments under Sec. Other Revenue No. Received 402.12(2) -TIF Received Cumulative Amount 1 FY 1977 $22,566.19 2 FY 1978 $50,863.50 $73,429. -3 FY 1979 $163,010.80 $73,429.699 4 FY 1980 $216,795.08 $453,235.59 5 FY 1981 $319,027.40 $772,262.97 $772,262.97 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 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 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 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 FY2001 $781,750.82 $72,000.00 $17,128,355.21 26 FY 2002 $874,603.46 $72,000.00 $18,074,958.67 27 FY2003 $797,581.70 $72,000.00 $18,944,540.37 28 FY2004 $746,995.28 $0.00 $19,691,535.65 29 FY2005 $849,326.72 $0.00 $20,540,862.37 30 FY2006 $972,617.30 $0.00 $21,513,479.67 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 34 FY2010 $1,302,412.88 $334.14 $26,136,777.391 35 FY2011 $1,191,328.01 $1,609.19 $27,329,74.59 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* $1,523,984.44 $33,366,664.33 * Estimated Values # Includes Special Assessments and Parking Revenue