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Home My WebLink About1999-777-11.15.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, Waterloo, Iowa. RESOLUTION NO. 1999-777 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" 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 INDEBTEDNESS NO ISSUANCE OR SOURCE CUMULATIVE AMOUNT EXPENDITURE 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 $ 1,200,223.14 Phase II Study Contract $ 152,553.00 Advance $ 1,352,776.14 613 Water Acquisition Contract $72,500.00 Advance $ 1,425,276.14 UDAG#1 7/17/80 Principal Interest $ 1,001,627.00 G.O.Bonds G.O. $2,426,903.14 $428,749.00 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 Interest $774,990.00 G.O.Bonds G.O. $3,741,642.14 $422,256.23 Bonds $4,163,898.37 — West Side Parking Ramp Principal Interest $4,725,000.00 (3.0.Bonds G.O. $8,888,898.37 7/15/82 $4,779,262.50 Bonds $ 13,668,160.87 T Fast Side Packing Ramp Principal Interest $ 1,500,000.00 G.O.Bonds G.O. $ 15,168,160.87 8/1/83 $ 1,073,981.25 Bonds $ 16,242,142.12 East Side Parking Facility Principal Interest $350,000.00 G.O.Bonds G.O. $ 16,592,142.12 8/1/84 $325,777.00 Bonds $ 16,917,919.12 Conway Plaza Skywalk Principal Interest $ 100,000.00 G.O. Bonds G.O. $ 17,017,919.12 8/1/84 $93,079.00 Bonds Resolution 1999-777 Page 2 $ 17,110,998.12 East Fifth St.Parking Ramp Principal Interest $50,000.00 G.O.Bonds $ 17,160,998.12 5/85 $46,539.50 G.O.Bonds $ 17,207,537.62 Tax Redeemed Properties Contract $5,004.49 Advance $ 17,212,542.11 5/85 Skywalk Feasibility Study Contract $25,000.00 Advance $ 17,237,542.11 8/85 317 E.4th Longfellow Contract $ 12,000.00 Advance $ 17,249,542.11 Property 12/85 East Fifth Parking Ramp Principal Interest $50,000.00 G.O.Bonds $ 17,299,542.11 5/86 $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 $ 18,428,746.23 Paving 6/87 400 Blk E.4th Principal Interest $360,000.00 G.O.Bonds $ 17,739,093.20 St.500 Blk Lafayette $233,134.09 G.O.Bonds $ 17,972,227.29 Schedule 1: Indebtedness Qualifying for Tax Increment Reimbursement(continued) East Fifth Parking Ramp Principal Interest $ 100,000.00 G.O.Bonds $ 18,072,227.29 6/87 $64,759.47 G.O.Bonds $ 18,136,986.76 Conway Plaza Phase I Principal Interest $ 100,000.00 G.O.Bonds $ 18,236,986.76 Skywalk Refinancing 6/87 $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 Loan $ 132,625.00 Advance $ 18,561,371.23 7/88&7/89 Park Avenue Parking Ramp Principal Interest $2,000,000.00 G.O.Bonds G.O. $21,653,936.73 Expansion $ 1,092,565.50 Bonds PROPERTY Principal $668,829.00 REVOLVING $22,322,765.73 ACQUISITION:WI INTERNATIONAL HEADQUARTERS 6/98 Interest $216,165.57 LOAN FUND $22,538,931.30 EAST&WEST STREET Principal $ 150,000.00 G.O.BONDS $22,688,931.30 PARKING RAMPS 6/98 Interest $66,999.50 $22,755,930.80 Resolution 1999-777 Page 3 EXHIBIT"B" Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 2 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) INo. I Year Received I Amount Received from Payments under Sec.402.12(2)( ) I Cumulative Amount 1 FY 1977 $ 22,:566.19 $ 22,566.19 2 FY 1978 $ 50,863.50 $ 73,429.69 3 FY 1979 $ 163,010.80 $ 236,440.49 4 FY 1980 $ 216,795.08 $ 453,235.57 5 FY 1981 $ 319,027.40 $ 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 $ 3,524,453.58 11 FY 1987 $ 829,625.00 $ 4,354,078.58 12 FY 1988 $ 778,965.94 $ 5,133,044.52 13 FY 1989 $ 607,992.00 $ 5,741,036.52 14 FY 1990 $ 1,104,273.00 $ 7,645,309.52 15 FY 1991 $ 911,?05.00 $ 8,556,414.52 16 FY 1992 $ 887,043.00 $ 9,443,457.52 17 FY 1993 $ 881,666.00 $ 10,325,124.52 18 FY 1994 $897,520.00 $ 11,222,644.52 19 FY 1995 $752,642.00 $ 11,975,286.52 20 FY 1996 $657,480.00 $ 12,632,766.52 21 FY 1997 $602,482.27 $13,235,248.79 22 FY 1998 $552,575.59 $ 13,787,824.38 23 FY 1999 $599,707.00 $ 14,387,531.91 - 24 FY2000 $654,136.04* $ 15,041,667.95* I *-Estimated I PASSED AND ADOPTED this 22nd day of November, 1999. Jo n R. ooff, Mayo ATTEST: Nancy E rt, City Clerk