HomeMy WebLinkAboutCouncil Packet - 11/29/2021 THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
PLANNING SESSION TO BE HELD AT
Harold E. Getty Council Chambers
Monday, November 29, 2021
5:30 PM
RULES FOR PLANNING SESSION PUBLIC COMMENT
The city council shall only receive public comment on bill payments and emergency agenda items
listed on a planning session agenda. Public comment on bill payments and emergency items shall
be conducted in accordance with Waterloo City Code Section 1-4A-34(see below). The city
council shall not receive any public comment during the meeting on agenda items designated as
planning discussion topics. Waterloo City Code Section 1-4A-34:At the discretion of the
presiding officer, individuals may speak for a maximum of three(3)minutes when the council
discusses agenda items. This section does not apply to businesses or parties directly involved in
agenda items.
Roll Call.
Prayer or Moment of Silence
Pledge of Allegiance
Patrick Morrissey, Ward 3 Council Member
Agenda, as proposed or amended.
Minutes of November 15, 2021, Work Session, as proposed.
Minutes of November 15, 2021, Regular Session, as proposed.
1. Consent Agenda:
(The following items will be acted upon by voice vote on a single motion without separate
discussion, unless someone from the council or public requests that a specific item be
considered separately.)
A. Resolution to approve the following:
1. Bills Payment, Finance Committee Invoice Summary Report, a copy of which is on file in
the office of the City Clerk.
2. Cancellation of assessments for properties listed on Exhibit A, and authorize City Clerk to
notify Black Hawk County Treasurer of said cancellation.
Submitted By:Kelley Felchle, City Clerk
B. Motion to approve the following:
1. TRAVEL REQUESTS
a. Quentin Hart, Mayor
Class/Meeting:United States Conference of Mayors 90th Winter Meeting
Destination:Washington, D.C.
Dates: January 19-21, 2022
Amount not to exceed: $2,700.00
Page 1 of 254
b. Officer Ehlers and Northup "AMENDMENT"
Class/Meeting: CTK Advanced(amended)
Destination:Marion, IA
Dates:November 15-17, 2021
Amount not to exceed: $1,040.00
C. Sgt. Hoelscher and Officer Rulapaugh
Class/Meeting: Hazardous Device Recertification Course
Destination:Huntsville,Al
Dates:November 28-December 3, 2021
Amount not to exceed: 600.00
2. LIQUOR LICENSES
a. Fareway Stores#951, 40 W. San Marnan Dr.
Class: B Wine, C Beer, and E Liquor
Renewal Application
Expiration Date: 11/15/2022
b. Logan Avenue Convenience Store, 735 Logan Ave.
Class: B Wine, C Beer, and E Liquor
Renewal Application Includes Sunday
Expiration Date: 11/28/2022
C. Trucker Bar, 1915 Bourland Ave.
Class: C Liquor
Renewal Application Includes Sunday
Expiration Date: 12/12/2022
d. Capella Magna, 622 Commercial St.
Class: C Liquor
New Application Does not include Sunday
Expiration Date: 11/30/2022
RESOLUTIONS
2. Resolution approving certification to the Black Hawk County Auditor for expenditures that
qualify for reimbursement in the FY 2021 Downtown Waterloo Urban Renewal and
Redevelopment Tax Increment District, and place the certification on file.
Submitted By:Noel Anderson, Community Planning and Development Director
3. Resolution approving certification to the Black Hawk County Auditor for FY 2021 expenditures
that qualify for reimbursement in the East Waterloo Unified Urban Renewal and Redevelopment
Tax Increment District, and place the certification on file.
Submitted By:Noel Anderson, Community Planning and Development Director
4. Resolution approving certification to the Black Hawk County Auditor for expenditures that
qualify for reimbursement in the FY 2021 Northeast Industrial Park Urban Renewal and
Redevelopment Tax Increment District, and place the certification on file.
Submitted By:Noel Anderson, Community Planning and Development Director
5. Resolution approving certification to the Black Hawk County Auditor for expenditures that
Page 2 of 254
qualify for reimbursement in the FY 2021 Crossroads Waterloo Tax Increment District, and
place the certification on file.
Submitted By:Noel Anderson, Community Planning and Development Director
6. Resolution approving certification to the Black Hawk County Auditor for expenditures that
qualify for reimbursement in the FY 2021 University Avenue Waterloo Tax Increment District,
and place the certification on file.
Submitted By:Noel Anderson, Community Planning and Development Director
7. Resolution approving certification to the Black Hawk County Auditor for expenditures that
qualify for reimbursement in the FY 2021 Martin Road Tax Increment District, and place the
certification on file.
Submitted By:Noel Anderson, Community Planning and Development Director
8. Resolution approving certification to the Black Hawk County Auditor for expenditures that
qualify for reimbursement in the FY 2021 Rath Area Tax Increment District, and place the
certification on file.
Submitted By:Noel Anderson, Community Planning and Development Director
9. Resolution approving certification to the Black Hawk County Auditor for expenditures that
qualify for reimbursement in the FY 2021 San Martian Tax Increment District, and place the
certification on file.
Submitted By:Noel Anderson, Community Planning and Development Director
10. Resolution approving electronic submission of the Tax Increment Finance (TIF) reports to the
State of Iowa for Fiscal Year 2021.
Submitted By:Noel Anderson, Community Planning and Development Director
OTHER COUNCIL BUSINESS
11. Operations update from Legal Department and Code Enforcement.
Submitted By: Martin M. Petersen, City Attorney
12. Discussion of ward and precinct redistricting process.
Submitted By:Noel Anderson, Community Planning and Development Director
13. Discussion of development agreements, amendments, and future actions.
Submitted By: Pat Morrissey, Ward 3 Council member and Dave Boesen, At-Large Council
member
ADJOURNMENT
Motion to adjourn.
Kelley Felchle
City Clerk
MEETINGS
5:10 p.m. Finance Committee, Harold E. Getty Council Chambers
Page 3 of 254
CITY OF WATERLOO
Council Communication
Minutes of November 15, 2021, Work Session, as proposed.
City Council Meeting: 11/29/2021
Prepared:
ATTACHMENTS:
Description Type
❑ Minutes of November 15, 2021 Backup Material
Submitted by: Submitted By:
Page 4 of 254
COUNCIL WORK SESSION
November 15, 2021
4:00 p.m.
Harold E. Getty Council Chambers
Members present: Boesen, Amos, Morrissey, Klein, Feuss, Grieder, and Juon. Absent: Mr. Grieder.
160640 -Morrissey/Amos
that the Agenda, as proposed, be approved. Voice-vote Ayes: Six. Motion carried.
160641 -Morrissey/Amos
that the Minutes of November 1,2021,as proposed,be approved. Voice-vote Ayes: Six. Motion
carried.
Objective: Discussion of Information Technology and Cable Access Department operations.
Chris Youngblut, Technology Services Director, provided an overview of the Technology
Services Department operations, which includes services for Technology Services, Geographic
Information Systems, and Cable Access. Ben Wagner, GIS Coordinator, provided an overview
of GIS software that the city has implemented to help monitor and keep track of infrastructure,
assets, and work orders.
The city council discussed Technology Services Department operations with the Technology
Services Director.
Objective: Discussion of changes to the fire code.
Pat Treloar, Fire Chief, provided an overview of the need to update the International Fire Code
adopted within the city code to the 2021 fire code.
Brock Weliver, Fire Marshall, discussed the specific code cycles and explained that one
retroactive requirement set by the IFC applies to bars and restaurants that serve alcohol and have
an occupancy load of 300 or more, and are now required to be sprinklered. The council has the
option of adopting the code as is which would require them to become compliant now, they
could give a time period to bring their building into compliance, or amend to provide an
exemption until the business is sold or a change of occupancy occurs. He stated that this would
impact four businesses, including the National Cattle Congress, Pepsi Pavilion. He added that
prior to the pandemic a sprinkler system would potentially cost $7.00 per square foot, not
including any adjustments needed to water mains.
The council members discussed the changes to the International Fire Code with the Fire
Marshall and Fire Chief. They discussed allowing businesses an extended grace period to
bring their facility into compliance with requirements of the 2021 International Fire Code.
160642 -Morrissey/Feuss
that the meeting be adjourned at 4:54 p.m. Voice-vote Ayes: Six. Motion carried.
Kelley Felchle
City Clerk
Page 5 of 254
CITY OF WATERLOO
Council Communication
Minutes of November 15, 2021, Regular Session, as proposed.
City Council Meeting: 11/29/2021
Prepared:
ATTACHMENTS:
Description Type
❑ Minutes of November 15, 2021, Regular Session Backup Material
Submitted by: Submitted By:
Page 6 of 254
November 15, 2021
The Council of the City of Waterloo, Iowa, met in Regular Session at Harold E. Getty Council Chambers,
Waterloo, Iowa, at 5:30 p.m., on Monday, November 15, 2021. Mayor Quentin Hart in the Chair. Roll Call:
Boesen, Amos, Morrissey, Klein, Feuss, and Juon. Absent: Grieder
Prayer or Moment of Silence.
Pledge of Allegiance: Margaret Klein, Ward 1 Council Member
160652 - Juon/Feuss
that the Agenda, as amended by removing Item 1.A.2, LA.3 and 1.B.7 to be considered after the
consent agenda, and adding Item 6 under Public Hearings—Police Department FY22 Ammunition
Needs, for the Regular Session on Monday, November 15, 2021, at 5:30 p.m., be accepted and
approved. Voice vote-Ayes: Six. Motion carried.
160653 - Juon/Feuss
that the Minutes, as proposed, for the Regular Session on Monday,November 1, 2021, at 5:30 p.m.,
be accepted and approved. Voice vote-Ayes: Six. Motion carried.
Proclamation declaring November 27, 2021 as Small Business Saturday.
Proclamation declaring November 15-21, 2021 as National Apprenticeship Week.
Proclamation declaring November 18, 2021 as National Injury Prevention Day.
PUBLIC COMMENTS
Forest Dillavou, 1725 Huntington Road, commented that during the last three council meetings there
have been many slanderous remarks made and it isn't right that this meeting has been used for the
wrong purpose and it isn't right and needs to stop.
Renee Carson, commented on the number of dogs that have been running through the neighborhood
attacking children.
Mr. Morrissey commented on trees lodged in the damn and concerns that have been raised regarding
potential damage to the bladder. He acknowledged Michelle Weidner and her department for getting
another award for their financial capabilities and thanked them for all they do for the management of
the city finances.
160654 - Juon/Amos
that the above oral comments be received and placed on file. Voice vote-Ayes: Six. Motion
carried.
CONSENT AGENDA
160655 - Juon/Amos
that the following items on the consent agenda be received,placed on file and approved:
a. Resolutions to approve the following:
1. Resolution approving Finance Committee Invoice Summary Report, dated November 8,
2021, in the amount of$3,858,576.88 and November 15, 2021, in the amount of
$3,386,675.69 a copy of which is on file in the City Clerk's office, together with
recommendation of approval of the Finance Committee.
Resolution adopted and upon approval by Mayor assigned No. 2021-725.
approve the pur-ehase of a 2022 demonstration unit Peter-bilt garbage tfuek, in the amount e
$267,925, f.,,,,.. I'll eA Equipment of Da-,o,.,,eA T,,w.,
Page 7 of 254
November 15, 2021 Page 2
3. Resotution authorizing an exeeption to the City of Water-loo's Pur-ehasing Pokey to approve
the puFehase of a heep building from Freedom Buildings, ine., of Belle Plaine, lowa in the
amottn4 of$252,166.30 to be eonstmeted at the P4he Works Faeility site.
4. Resolution approving request of Daniel Fencl, President, of Fencl Properties, LLC, for a
waiver for a concrete driveway, located at 1209 Dundee Avenue, and authorize the
construction of a concrete driveway and placing a driveway or sidewalk on city right-of-way
on an unimproved street.
Resolution adopted and upon approval by Mayor assigned No. 2021-726.
5. Resolution approving award of bid to Peterson Contractors, Inc., of Reinbeck, Iowa, in an
amount not to exceed$20,657,970.92, approving the contract, bond, and certificate of
insurance, in conjunction with FY 2022 11th Street and Park Avenue Bridge Replacements,
Contract No. 1013, and authorizing the Mayor and City Clerk to execute said document.
Resolution adopted and upon approval by Mayor assigned No. 2021-727.
6. Motion approving Final Quantity Summary in conjunction with the FY 2022 Levee Rip Rap
Spraying, Contract No. 1047, and authorizing the Mayor and City Clerk to execute said
document.
7. Resolution approving Completion of Project and Recommendation of Acceptance of Work,
for work performed by Landmark Turf Services, LLC, of Dunkerton, Iowa, in the amount of
$44,555, in conjunction with the FY 2022 Levee Rip Rap Spraying Project, Contract No.
1047, and receive and file a two-year maintenance bond.
Resolution adopted and upon approval by Mayor assigned No. 2021-728.
8. Resolution approving the request of Bob Moore, for tax exemptions on the construction of a
new single family home valued at$144,000, for property located at 401 Devonshire Drive,
and located in the City Limits Urban Revitalization Area(CLURA).
Resolution adopted and upon approval by Mayor assigned No. 2021-729.
9. Resolution approving the request of Asim Mustedanagic for tax exemptions on the
construction of a new single duplex unit valued at $185,000, for property located at 116
Aidin Way, and located in the City Limits Urban Revitalization Area(CLURA).
Resolution adopted and upon approval by Mayor assigned No. 2021-730.
10. Resolution approving the request of Enver Alicic for tax exemptions on the construction of a
new single duplex unit valued at$200,000, for property located at 118 Aidin Way, and
located in the City Limits Urban Revitalization Area(CLURA).
Resolution adopted and upon approval by Mayor assigned No. 2021-731.
11. Resolution approving the request of Juan Martinez for tax exemptions on the construction of
a new single family home valued at $100,000, for property located at 923 Creston Avenue,
and located within the Consolidated Urban Revitalization Area(CURA).
Resolution adopted and upon approval by Mayor assigned No. 2021-732.
12. Resolution approving preliminary plans, specifications, form of contract, etc., setting date of
bid opening as December 2, 2021 and date of public hearing as December 6, 2021, in
conjunction with Asbestos Abatement Services, Contract No. AB-2021-12-04P, for
properties located at 928 Mulberry Street, 1526 E. 4th Street, 114 E. 10th Street, and 105 E.
11th Street, and instruct the City Clerk to publish notice.
Resolution adopted and upon approval by Mayor assigned No. 2021-733.
Page 8 of 254
November 15, 2021 Page 3
13. Resolution approving the City of Waterloo Annual Financial Report for the Fiscal Year
ended June 30, 2021, and authorizing the publication of the report and submission to the
State of Iowa.
Resolution adopted and upon approval by Mayor assigned No. 2021-734.
b. Motion to approve the following:
1 Travel Requests
Name &Title of Amount
Personnel Class/Meeting Destination Date(s) not to
Exceed
a. Sarah Kempen and Erosion Control Online and 3/21/2022 $620.00
Cameron Agan, Technician Certification Cedar Rapids, thru
Stormwater Specialists I IA 3/23/2022
2• Approved Beer, Liquor, and Wine Applications
Name &Address of Business Class New or Expiration Includes
Renewal Date Sunday
a. Ari'z, 504 Sycamore Street C Liquor New 10/7/2022
b. Chapala Mexican Restaurant, C Liquor w/Outdoor Renewal 10/22/2022 x
900 LaPorte Rd. Service
c. Grill 924, 926 La Porte Rd. C Liquor w/Outdoor Renewal 10/31/2022 x
Service
d. HyVee Wine and Spirits #1, B Wine/C Beer/E Renewal 11/14/2022 x
2126 Kimball Avenue Liquor
e. Kwik Star#380, 506 W. 9th C Beer Renewal 11/18/2022 x
Street
f. Locker Room Lounge, 1918 C Liquor w/Outdoor Renewal 12/31/2022 x
Hawthorne Avenue Service
g. Love's Travel Stop#702, B Wine/C Beer Renewal 11/16/2022 x
3301 Greyhound Dr., Ste A
h. New Star Liquor, 1625 W. B Wine / C Beer/E Renewal 12/10/2022 x
4th Street Liquor
i. Red Lobster, 941 E. San C Liquor New 7/27/2022 x
Marnan Dr. *Ownership
Update*
j. Waterloo Fraternal Order of A Liquor w/Outdoor Renewal 7/14/2022 x
Eagles, 202 E. 1st Street Service
3. Mayor Hart's recommendation of the following appointments:
Appointee Board/Commission Expiration Date New or
Re-Appointment
Tucker Cassidy ADA Compliance Commission November 19, 2024 Re-Appointment
4. Recommendation approving appointment of Stacy Davis to the position of Records Technician in the
Police Department, effective November 29, 2021.
5. Motion approving Change Order No. 23 with Cardinal Construction, Inc., of Waterloo, Iowa, for a net
increase of$1,780, in conjunction with the Five Sullivan Brothers Convention Center Addition and
Renovation Project, and authorizing the Mayor to execute said document.
6. Motion approving Change Order No. 2, in the amount of$13,200, for an increase of$13,200, for the
repair of approximately 90 square feet of additional pavement on the East Passenger Terminal Apron,
at the Waterloo Regional Airport, and authorizing the Mayor to execute said document.
Page 9 of 254
November 15, 2021 Page 4
7. ,
and authorizing tfansmittal to the Iowa Department of TFanspoftati
8. Fireworks Display from the top level of the 5th Street Parking Ramp in conjunction with the Waterloo
Lights the Night event, on November 27, 2021,beginning at 7:00 p.m.
9. Bonds.
Roll call vote-Ayes: Six. Motion carried.
160656 - Boesen/Amos
Motion approving the Annual Financial Report for City Streets, for the fiscal year ended June 30,
2021, and authorizing transmittal to the Iowa Department of Transportation. Roll call vote-Ayes: Six.
Motion carried.
Mr. Boesen wanted to encourage everyone to go to the city website to look at the report. Prior to the
election, social media was full of complaints about the quality of city streets and the need to invest
funds into improving the streets. He shared the dollar amount that was spent on street repairs and
snow removal. Through changes made within the department they have saved three man-hours per
snow event and are cleaning streets faster. He further congratulated the Central Garage on keeping
outdated equipment working.
160657 - Boesen/Amos
1.A.2. Resolution authorizing an exception to the City of Waterloo Purchasing Procedures Policy to
approve the purchase of a 2022 demonstration unit Peterbilt garbage truck, in the amount of$267,925,
from Elliott Equipment of Davenport, Iowa. Roll call vote-Ayes: Six. Motion carried.
Mr. Boesen commented that the discount is not as much as he would like to see on a used vehicle and
questioned the number of hours that are on the vehicle that we are purchasing.
Sandie Greco, Traffic Superintendent, stated that she does not know the full amount of the hours but
commented the hours are very low.
Mr. Boesen expressed concern for the process of purchasing used vehicles wherein we do not see
specifications and the competitive bidding process.
Resolution adopted and upon approval by Mayor assigned No. 2021-735.
160658 - Boesen/Amos
1.A.3 Resolution authorizing an exception to the City of Waterloo's Purchasing Policy to approve the
purchase of a hoop building from Freedom Buildings, Inc., of Belle Plaine, Iowa in the amount of
$252,166.30 to be constructed at the Public Works Facility site. Roll call vote-Ayes: Six. Motion
carried.
Mr. Boesen commented that he is concerned about pricing. He stated that he cannot find where the
city has approved Sourcewell as a vendor for competitive bidding and would like to see this brought
before council in the future. He further questioned if these types of buildings are approved to be built
in the city by our building code, for example,would a lawn service company be able to build a similar
structure.
Resolution adopted and upon approval by Mayor assigned No. 2021-736.
PUBLIC HEARINGS
160659 - Morrissey/Amos
that proof of publication of notice of public hearing on a request by Alberta Young to vacate the
public sidewalk in front of the lot located at 914 Sumner Street, as published in the Waterloo Courier
on November 5, 2021, be received and placed on file. Voice vote-Ayes: Six. Motion carried.
Page 10 of 254
November 15, 2021 Page 5
This being the time and place of public hearing, the Mayor called for written and oral comments and
there were none.
160660 - Morrissey/Amos
that the hearing be closed and recommendation of approval of the Planning, Programming and
Zoning Commission, be received and placed on file. Voice vote-Ayes: Six. Motion carried.
160661 - Morrissey/Amos
that"an ordinance approving a request by Alberta Young to vacate the public sidewalk in front of the
lot located at 914 Sumner Street, and authorizing the Mayor and City Clerk to execute said
documents", be received, placed on file, considered and passed for the first time. Roll call vote-Ayes:
Six. Motion carried.
160662 - Morrissey/Amos
that rules requiring ordinances to be considered and voted for passage at two prior meetings be
suspended. Roll call vote-Ayes: Six. Motion carried.
160663 - Morrissey/Amos
that"an ordinance approving a request by Alberta Young to vacate the public sidewalk in front of the
lot located at 914 Sumner Street, and authorizing the Mayor and City Clerk to execute said
documents", be considered and passed for the second and third times and adopted. Roll call vote-
Ayes: Six. Motion carried.
Ordinance adopted and upon approval by Mayor assigned No. 5624.
160664 - Feuss/Amos
that proof of publication of notice of public hearing on 2021-2022 Residential/Miscellaneous Areas
Snow Removal Contract for city owned lots generally acquired through Iowa Code 657A, as
published in the Waterloo Courier on November 5, 2021, be received and placed on file. Voice
vote-Ayes: Six. Motion carried.
This being the time and place of public hearing, the Mayor called for written and oral comments.
David Dryer, 3145 W. 4th Street, questioned how many properties does the contract include.
Noel Anderson, Community Planning and Development Director, commented there are
approximately 180 city owned properties with sidewalks.
160665 - Feuss/Amos
that the hearing be closed and oral comments be received and placed on file. Voice vote-Ayes: Six.
Motion carried.
160666 - Feuss/Amos
that"Resolution approving plans, specifications, forms of contract, etc., and authorizing to proceed",
be adopted. Roll-call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-737.
160667 - Feuss/Amos
Motion to receive and file and instruct City Clerk to read bids.
Estimate: $20.00 per lot/area
Bidder Bid Security Total Bid Amount
Page 11 of 254
November 15, 2021 Page 6
B&B Lawn Care Inc.
5% $38.22 per lot/area
Waterloo, IA
Kelley Felchle, City Clerk, explained the discrepancy between the bid amount received and the award
listed in the resolution.
Voice vote-Ayes: Six. Motion carried.
160668 - Feuss/Amos
that"Resolution awarding bid to B & B Lawn Care, Inc., of Waterloo, Iowa in the amount of$25.48
per lot/occurrence, approving the contract and certificate of insurance in conjunction with the 2021-
2022 Residential/Miscellaneous Areas Snow Removal Contract for city owned lots generally acquired
through Iowa Code 657A, and authorizing the Mayor and City Clerk to execute said documents", be
adopted. Roll-call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-738.
160669 - Amos/Feuss
that proof of publication of notice of public hearing on Asbestos Abatement Services Contract AB-
2021-11-01P, for a portion of the property located at 100 E 9th Street, as published in the Waterloo
Courier on November 5, 2021, be received and placed on file. Voice vote-Ayes: Six. Motion
carried.
This being the time and place of public hearing, the Mayor called for written and oral comments.
Forest Dillavou, 1725 Huntington Road, questioned why only part of the building was being abated.
Noel Anderson, Community Planning and Development Director, provided an update on the need
for abatement.
160670 - Amos/Feuss
that the hearing be closed and oral comments be received and placed on file. Voice vote-Ayes: Six.
Motion carried.
160671 - Amos/Feuss
that"Resolution approving plans, specifications, forms of contract, etc., and authorizing to proceed",
be adopted. Roll-call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-739.
160672 - Amos/Feuss
Motion to receive and file and instruct City Clerk to read bids.
Estimate: $17,000.00
Bidder Bid Security Total Bid Amount
Advanced Environmental
W 5% $14,500.00
Waterloo, IA
Site Services
5% $72,000.00
Algona, IA
Mr. Morrissey questioned the variation between the bids.
Noel Anderson, Community Planning and Development Director, commented that the difference is
likely due to equipment needs and methods.
Voice vote-Ayes: Seven. Motion carried.
Page 12 of 254
November 15, 2021 Page 7
160673 - Amos/Feuss
that"Resolution awarding bid to Advanced Environmental, Inc., of Waterloo, Iowa in the amount of
$14,500, in conjunction with Asbestos Abatement Services Contract AB-2021-11-01P, for a portion
of the property located at 100 E 9th Street, and authorizing the Mayor and City Clerk to execute said
document",be adopted. Roll-call vote-Ayes: Seven. Motion carried.
Mayor Hart requested an overview of the abatement process.
Noel Anderson, Community Planning, Program and Development Director, provided an overview of
the process for abating asbestos materials.
Resolution adopted and upon approval by Mayor assigned No. 2021-740.
160674 - Morrissey/Amos
that proof of publication of notice of public hearing on sale and conveyance of property located
northeast of the Leversee Road and Lake Street intersection, to Zydeco Investments, LLC, (for CPM
plant), in the amount of$1,170,000, approve a Development Agreement including grant funds,
option for acquisition of land, and tax rebates for fifteen years at fifty percent, and Minimum
Assessment Agreement at $8,000,000, for the development of a 170,000 square foot building, as
published in the Waterloo Courier on November 5, 2021, be received and placed on file. Voice
vote-Ayes: Three. Motion carried.
This being the time and place of public hearing, the Mayor called for written and oral comments.
David Dryer, 3145 W. 4th Street, questioned what the CPM plant is, how much money the city has
invested in the project, and what the $8,000,000 will do for the community.
Noel Anderson, Community Planning and Development Director, clarified that a CPM plant stands
for California Pellet Mill. He provided an overview of the development agreement and investment
that the city made by this project.
Mayor Hart questioned if utilities are available at this site.
Noel Anderson commented that utilities have been extended to the property.
Nick Taiber, Zydeco Investments, LLC, provided additional information on the company and their
future in Waterloo.
Mrs. Juon questioned the number of jobs that will be created by the project.
Nick Taiber stated that the project would create at least twelve jobs.
160675 - Morrissey/Amos
that the hearing be closed and oral comments be received and placed on file. Voice vote-Ayes:
Seven. Motion carried.
160676 - Morrissey/Amos
that "Resolution approving the sale and conveyance of city owned property located northeast of the
intersection of Leversee Road and Lake Street, in the amount of$1,170,000, to Zydeco Investments,
LLC and authorizing the Mayor and City Clerk to execute necessary documents", be adopted. Roll-
call vote-Ayes: Six. Motion carried.
Mr. Boesen commented that Noel Anderson has clarified that the city will recoup the majority of the
rebated monies and it is important to get businesses out there to offset what it cost to have
MidAmerican Energy expand electricity to the area.
Resolution adopted and upon approval by Mayor assigned No. 2021-741.
Page 13 of 254
November 15, 2021 Page 8
160677 - Morrissey/Amos
that"Resolution approving a Development Agreement with Zydeco Investments,LLC,including grant
funds of$1,270,000, option for acquisition of land, tax rebates for fifteen years at fifty percent, and a
Minimum Assessment Agreement of$8,000,000,and authorizing the Mayor and City Clerk to execute
said document", be adopted. Roll-call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-742.
160678 - Feuss/Amos
that proof of publication of notice of public hearing on Police Department FY 22 Ammunition
Needs, as published in the Waterloo Courier on November 5, 2021, be received and placed on file.
Voice vote-Ayes: Six. Motion carried.
This being the time and place of public hearing, the Mayor called for written and oral comments.
David Dryer, 3145 W. 4th Street, questioned the pricing that the police department is receiving and
the amount of rounds they are getting for the price as these prices are not available to the average
person.
Major Joe Leibold explained that the police do get a fair discount from what the average person
would pay with both government and bulk pricing.
160679 - Feuss/Amos
that the hearing be closed and oral comments be received and placed on file. Voice vote-Ayes: Six.
Motion carried.
160680 - Feuss/Amos
that"Resolution approving plans, specifications, forms of contract, etc., and authorizing to proceed",
be adopted. Roll-call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-743.
160681 - Feuss/Amos
Motion to receive and file and instruct City Clerk to read bids.
Bidder Bid Amount
1. 12,000 rounds of 9mm 147 grain,jacketed hollow point, Federal HST, (P9HST2)
or similar. $372.90
2. 85,000 rounds of Federal American Eagle 9 mm, 147 grain, full metal jacket
(AE9FP) or similar. $240.90
3. 2,000 rounds of Federal 12 gauge 2 3/4 inch shot shell, 00 Buckshot, 9 pellet, low
recoil (LEF132-00)or similar. $171.00
Kiesler Police 4. 2,000 rounds of Federal 12 gauge 2 3/4 inch shot shell 1-ounce low recoil slug.
Supply, Inc. (LEF127-RS)or similar. $176.00
Jeffersonville, IN
5. 8,000 rounds of Federal .223 caliber, 64 grain, Soft Point Tactical Rifle Urban.
(T223L) or similar. $251.90
6. 35,000 rounds of Federal American Eagle .223 caliber, 55 grain FMJ (AE223) or
similar. $214.50
7. 1,000 rounds of Hornady gmx tap heavy barrier .308 caliber, 165 grain. $0.00
8. 2,000 rounds of Hornady amx tap .308 caliber, 168 grain. $0.00
Page 14 of 254
November 15, 2021 Page 9
9. 1,000 rounds of Hornady Interbound Tap Barrier 308 caliber, 165 grain. $0.00
Bidder Bid Amount
1. 12,000 rounds of 9mm 147 grain,jacketed hollow point, Federal HST, (P9HST2)
or similar. $539.20
2. 85,000 rounds of Federal American Eagle 9 mm, 147 grain, full metal jacket
(AE9FP) or similar. $276.00
3. 2,000 rounds of Federal 12 gauge 2 3/4 inch shot shell, 00 Buckshot, 9 pellet, low
recoil (LEF132-00)or similar. $0.00
4. 2,000 rounds of Federal 12 gauge 2 3/4 inch shot shell 1-ounce low recoil slug.
Sunset Law (LEF127-RS)or similar. $0.00
Enforcement
Acklely, IA 5. 8,000 rounds of Federal .223 caliber, 64 grain, Soft Point Tactical Rifle Urban.
(T223L) or similar. $416.50
6. 35,000 rounds of Federal American Eagle .223 caliber, 55 grain FMJ (AE223) or
similar. $249.00
7. 1,000 rounds of Hornady gmx tap heavy barrier .308 caliber, 165 grain. $0.00
8. 2,000 rounds of Hornady amx tap .308 caliber, 168 grain. $0.00
9. 1,000 rounds of Hornady Interbound Tap Barrier 308 caliber, 165 grain. $0.00
Mr. Morrissey questioned what happens to some of these since they do not have a bid.
Major Joe Leibold explained that they will need to go out to bid for those items that did not receive a
bid.
Voice vote-Ayes: Six. Motion carried.
RESOLUTIONS
160682 - Amos/Feuss
that"Resolution approving construction plans for paving, sanitary sewer, and storm sewer serving the
Borwig Addition, as submitted by the City of Waterloo, Sewage Treatment Agreement, DNR Form
29 (Nov 00) with the Department of Natural Resources, and final acceptance of construction plans
subject to the review and acceptance by the Department of Natural Resources, and authorizing the
Mayor to execute said documents", be adopted. Roll call vote-Ayes: Four. Nays: Two (Boesen and
Morrissey). Motion carried.
Mr. Morrissey commented that he cannot vote on an item that does not include an attachment.
Jamie Knutson, City Engineer, apologized for the missing attachment and provided an overview of
the project.
160683 - Morrissey/Juon
To postpone for two weeks to November 29, 2021. Roll call vote-Ayes: Nays: Four. (Amos, Klein,
Feuss and Juon). Motion failed.
Jamie Knutson, City Engineer, explained that the DNR permit form is a common occurrence that
council has regularly approved in the past. He commented that an approval tonight would allow
materials such as the water main, sewer pipes, etc. to be ordered right away, as materials are already
hard to come by.
Mr. Feuss questioned if the item comes back to council after the form goes to the DNR.
Page 15 of 254
November 15, 2021 Page 10
Jamie Knutson clarified the process.
Mr. Boesen questioned if the property has been deeded to Mr. Borwig.
Noel Anderson commented that the details of the final plat were still being work out so the property
has not yet been deeded to Mr. Borwig.
Resolution adopted and upon approval by Mayor assigned No. 2021-744.
160684 - Amos/Feuss
that "Resolution approving 2022 Recreation Program and SportsPlex Membership fee schedule", be
adopted. Roll call vote-Ayes: Six. Motion carried.
Mr. Boesen commented that the fee increases for both SportsPlex and golf rates are very modest
increases and hopes that the increases will offset increases in utility expenses.
Resolution adopted and upon approval by Mayor assigned No. 2021-745.
160685 - Amos/Feuss
that "Resolution approving the City of Waterloo Municipal Golf Rate fee schedule for the 2022
season", be adopted. Roll call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-746.
160686 - Boesen/Feuss
that "Resolution approving a Professional Services Agreement with Ritland+Kuiper Landscape
Architects, in an amount not to exceed $52,700, to complete the Gates Park Master Plan Update, and
authorizing the Mayor to execute said document", be adopted. Roll call vote-Ayes: Six. Motion
carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-747.
160687 - Boesen/Feuss
that"Resolution approving a Van G. Miller Charitable Trust grant request application, in the amount
of$15,000, to be used in conjunction with the Gates Park Master Plan", be adopted. Roll call vote-
Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-748.
160688 - Boesen/Feuss
that"Resolution approving a request by C 10 Investments, LLC, to approve the Final Plat of Schoitz
Addition, a 4-lot commercial subdivision in the "S-1" Shopping Center District and "R-3" Multiple
Residence District located at 2101 Kimball Avenue", be adopted. Roll call vote-Ayes: Six. Motion
carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-749.
160689 - Feuss/Amos
that "Resolution directing the advertisement for sale of $14,200,000 Taxable General Obligation
Bonds, Series 2022A, setting sale date as December 1, 2021, and approving electronic bidding
procedures and the distribution of the Preliminary Official Statement for the sale", be adopted. Roll
call vote-Ayes: Six. Motion carried.
Resolution adopted and upon approval by Mayor assigned No. 2021-750.
160690 - Feuss/Amos
Page 16 of 254
November 15, 2021 Page 11
that "Resolution approving regulations governing excluded waste and recycling materials, and
authorizing the Mayor and City Clerk to execute said document", be adopted. Roll call vote-Ayes:
Six. Motion carried.
David Dryer, 3145 W. 4th Street, questioned if the entire load goes to the landfill if one item is not on
the approved list,and how often is it happening. He further commented that he believes that eventually
people will stop recycling because of all of the restrictions.
Sandie Greco, Traffic Operations Director, commented that it is true that if some loads are
contaminated the load will go to the landfill unless they can be sorted out. Republic can provide a
report on how much goes into the landfill.
Mr. Boesen questioned if the city has areas at the drop off sites that accept glass.
Sandie Greco confirmed.
Resolution adopted and upon approval by Mayor assigned No. 2021-751.
160691 - Juon/Amos
that the council adjourn to Executive Session at 6:41p.m. Roll call vote-Ayes: Six. Motion carried.
City Attorney Martin Petersen stated that discussion of strategy in matters relating to employment
conditions of employees not covered by a collective bargaining agreement is an approved topic of
Executive Session pursuant to Iowa Code Section 21.9.
EXECUTIVE SESSION
160692 - Morrissey/Amos
that the council adjourn Executive Session at 7:22 p.m. Voice vote-Ayes: Six. Motion carried.
ADJOURNMENT
160693 - Morrissey/Amos
that the Council adjourn at 7:22 p.m. Voice vote-Ayes: Six. Motion carried.
Kelley Felchle
City Clerk
Page 17 of 254
CITY OF WATERLOO
Council Communication
Cancellation of assessments for properties listed on Exhibit A, and authorize City Clerk to notify Black Hawk
County Treasurer of said cancellation.
City Council Meeting: 11/29/2021
Prepared: 11/17/2021
ATTACHMENTS:
Description Type
❑ Exhibit A Backup Material
SUBJECT: Cancellation of assessments for properties listed on Exhibit A, and authorize
City Clerk to notify Black Hawk County Treasurer of said cancellation.
Submitted by: Submitted By: Kelley Felchle, Cie Clerk
Page 18 of 254
Location ID Customer Customer Name
ID
103132 515850 Derrick Stevenson
104057 540328 Michael Harney
104258 506893 Martin Realtors
105708 518552 Kenyatta Draine
107056 542542 Nick Polley
122129 538570 Elizabeth Charriez
100860 546877 Jade M Bradley
Page 19 of 254
Water Sewer Storm Water
Service Address Amount Amount Amount
543 REED ST WATERLOO IA 507032447 USA $ 27.97 $ 15.63 $ 11.33
614 COTTAGE ST WATERLOO IA 507032802 USA $ - $ - $ 11.19
2626 E 4TH ST WATERLOO IA 507032009 USA $ 7.00 $ 11.17 $ -
2112 CITY VIEW ST WATERLOO IA 507072310 USA $ 38.39 $ 58.43 $ 14.84
111 LEONARD AVE WATERLOO IA 507032157 USA $ 8.90 $ - $ 10.62
1913 HAWTHORNE AVE WATERLOO IA 507021811 USA $ 168.37 $ 86.55 $ 21.49
2355 INDEPENDENCE AVE WATERLOO IA 507072619 USA $ 94.21 $ 72.46 $ 13.39
Page 20 of 254
Garbage Total Due Parcel Number
Amount
$ 41.16 $ 96.09 891314427004 Removed by WWW 11/16/21
$ 29.91 $ 41.10 891324252004 Removed by WWW 11/16/21
$ 6.00 $ 24.17 891313176014 Removed by WWW 11/16/21
$ 70.86 $ 182.52 891219209010 Removed by WWW 11/16/21
$ 11.87 $ 31.39 891315482015 Removed by WWW 11/16/21
$ 66.11 $ 342.52 891336207004 Removed by WWW 11/16/21
$ 15.75 $ 195.81 891220376021 Removed by WWW 11/16/21
Page 21 of 254
CITY OF WATERLOO
Council Communication
Resolution approving certification to the Black Hawk County Auditor for expenditures that qualify for
reimbursement in the FY 2021 Downtown Waterloo Urban Renewal and Redevelopment Tax Increment
District, and place the certification on file.
City Council Meeting: 11/29/2021
Prepared: 11/2/2021
ATTACHMENTS:
Description Type
❑ Downtown TIF Certification Forms Backup Material
Resolution approving certification to the Black Hawk County Auditor for
SUBJECT: expenditures that qualify for reimbursement in the FY 2021
Downtown Waterloo Urban Renewal and Redevelopment Tax Increment
District, and place the certification on file.
Submitted by: Submitted By:Noel Anderson, Community Planning and Development
Director
Recommended Action: Approve
In accordance with the amended provision of the State Code of Iowa, it is
Summary Statement: required that the City of Waterloo annually certify to the County Auditor its
expenditures that qualify for reimbursement from the tax increment fund.
The city has established several TIF Districts for community development.
Neighborhood Impact: The certification of expenditures incurred in each TIF District is required to
be filed with Black Hawk County in order to collect the TIF revenue.
Data/Analysis and Strategies: Economic Development
Implementation,Accountability, N/A
and Communication:
Expenditure Required/Source of None
Funds:
Page 22 of 254
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 Downtown Urban Renewal
Urban Renewal Area Number: 07008 (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*: $ 1,300,516
*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 $1,547,525.00 in debt reductions and revenue adjustments using Form 3 that did not
carry to this form. Net debt outstanding at 6/30/2021 should be $45,280,036.78.
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 23 of 254
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 Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Main Street Contract FY21 6/15/2020 60,000
F�'X'this box if a rebate agreement. List administrative details on lines above.
2. Administrative Expenses 06/21/2021 56,976
FI'X'this box if a rebate agreement. List administrative details on lines above.
3. JSA ED Grant 10/26/2020 230,000
704-706 Jefferson/301-307 W 5th St
n'X'this box if a rebate agreement. List administrative details on lines above.
4. Advanced Enviro Asbes contract 10/19/2020 107,445
FI'X'this box if a rebate agreement. List administrative details on lines above.
5. River Lighting Design Contract 7/19/2021 5,938
Q'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: 460,358
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 24 of 254
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 Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
6. Grand Crossing I & II Tax Rebate Estimate Increase: $19,728 1/22/2019 19,728
Q'X'this box if a rebate agreement. List administrative details on lines above.
7. JSA Development Multi Parcel Tax Rebate Estimate Increase: $302,578.00 10/26/2020 302,578
xl'X'this box if a rebate agreement. List administrative details on lines above.
8. Hotel President Tax Rebate Estimate increase: $4,778.00 1/5/2015 4,778
Q'X'this box if a rebate agreement. List administrative details on lines above.
9. 3 Stooges Tax Rebate Estimate Increase: $2,352.00 3/21/2016 2,352
xl'X'this box if a rebate agreement. List administrative details on lines above.
10.Gaymond Schultz Phase I, 11 & III 10/8/2018 153,702
Tax Rebate Estimate Increase: $153,702.00
Q'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: 483,138
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 25 of 254
CITY TIF FORM 1.1 -To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 3
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo County: Black Hawk
Urban Renewal Area Name: Waterloo Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
11. Elizabeth Blake Tax rebate 2/15/2021 26,148
4-years @80%and 2-years @ 75
Q'X'this box if a rebate agreement. List administrative details on lines above.
12.2012A GO Bond Refinanced with 2021A 06/07/2021 7,132
Principal: $7,000
Interest: $131.83
FI'X'this box if a rebate agreement. List administrative details on lines above.
13.2013A GO Bond Refinanced 06/07/2021 20,577
Principal: $20,000
Interest: $576.67
n'X'this box if a rebate agreement. List administrative details on lines above.
14.2013B GO Bond Refinanced with 2021 B 06/07/2021 205,800
Principal: $205,000
Interest: $799.96
FI'X'this box if a rebate agreement. List administrative details on lines above.
15.2021A GO Bond New Money 06/07/2021 89,907
Principal: $23,006.00
Interest: $9,906.67
n'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 4.
Total For City TIF Form 1.1 Page 3: 349,563
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 26 of 254
CITY TIF FORM 1.1 -To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 4
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo County: Black Hawk
Urban Renewal Area Name: Waterloo Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
16.Correction for duplicated admin costs from 2014/FY2016 see page 2A 12/18/2018 7,456
F�'X'this box if a rebate agreement. List administrative details on lines above.
17.
FI'X'this box if a rebate agreement. List administrative details on lines above.
18.
n'X'this box if a rebate agreement. List administrative details on lines above.
19.
FI'X'this box if a rebate agreement. List administrative details on lines above.
20.
n'X'this box if a rebate agreement. List administrative details on lines above.
Total For City TIF Form 1.1 Page 4: 7,456
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 27 of 254
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 Downtown 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: Amount
Reduced:
Fischels Holdings LLC Tax Rebate Estimate Adjustment Reduction: $2,914.00 2,914
Bread to Beer Tax Rebate Estimate Adjustment Reduction: $944.00 944
Downtown Development Plan Fund 412 Refunded $7,140.00 7,140
Downtown Acq Fund 412 refunded 2021 B$213,325.00 213,325
Downtown Development Plan Fund 413 refund$20,700.00 20,700
LSB Grant $550,000 550,000
Twin Trees$2,560 2,560
Developer Reimbursement-2021 214,969
Transfer from Iowa Reinvestment District Fund -2021 99,820
Total Reduction In Indebtedness For This Urban Renewal Area: 1,112,372
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 28 of 254
Schedule "1"
Cumulative as of June 30,2021
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 INDEBTEDNESS 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#17/17/80 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 Stud 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 Stud 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 Blk E.4th St. Principal $360,000.00 G.O.Bonds $17,739,093.20
500 Blk 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
Financing 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
5 yrs Q 100%, 8 yrs Q 100%
Zana $20,934.30, $23,382,923.56
Page 1 of 15 Page 29 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
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 $23,599,621.9
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 $10,780.80 $23,631,132.29
2004 $11,732.94 $23,642,865.23
Page 2 of 15 Page 30 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2005 $7,037.40 $23,649,902.63
Hollen Rebate 5 yrs.@ 100% Principal TIF Rebate
2001 $2,388.33 $23,652,290.96
2002 $2,954.68 $23,655,245.64
2003 $2,960.08 $23,658,205.72
2004 $3,156.64 $23,661,362.36
2005 $3,881.06 $23,665,243.42
Ritter Rebate 10 yrs @ 100%or Principal TIF Rebate
until$20,910 is pd
2001 $2,660.86 $23,667,904.28
2002 $2,837.28 $23,670,741.56
2003 $2,873.50 $23,673,615.06
2004 $3,031.20 $23,676,646.26
2005 $3,539.38 $23,680,185.64
2006 $3,647.56 $23,683,833.20
2007 $2,089.29 $23,685,922.49
2008 $230.93 $23,686,153.42
Lown Rebate#1 5 yrs @ 100% Principal TIF Rebate
2001 $1,417.98 $23,687,571.40
2002 $1,694.74 $23,689,266.14
2003 $722.85 $23,689,988.99
2004 $1,005.92 $23,690,994.91
2005 $2,982.84 $23,693,977.75
Lown Rebate#2 5 yrs @ 100% Principal TIF Rebate
2001 $495.42 $23,694,473.17
2002 $565.50 $23,695,038.67
2003 $540.89 $23,695,579.56
2004 $604.16 $23,696,183.72
2005 $946.84 $23,697,130.56
Roberts Rebate 5 yrs @ 100% Principal TIF Rebate
2002? $0 $23,697,130.56
2003? $23,697,130.56
2004? $23,697,130.56
zoos? $23,697,130.56
2006? $23,697,130.56
Marsh Place Rebate 10 yrs Principal TIF Rebate
85%2003 $11,693.83 $23,708,824.39
85%2004 $12,668.38 $23,721,492.77
85%2005 $8,193.78 $23,729,686.55
85%2006 $6,771.88 $23,736,458.43
85%2007 $6,777.58 $23,743,236.01
85%2008 $6,855.68 $23,750,091.69
85%2009 $6,743.00 $23,756,834.69
75%2010 $5,886.00 $23,762,720.69
60%2011 $4,716.00 $23,767,436.69
45%2012 $3,504.00 $23,770,940.69
Garthoff Rebate 5 yrs @ 100% Principal TIF Rebate
2003 $0 $23,770,940.69
2004 $23,770,940.69
2005 $23,770,940.69
2006 $23,770,940.69
2007 $23,770,940.69
Ament Rebate 5 yrs @ 100% Principal TIF Rebate
2002 $1,601.89 $23,772,542.58
2003 $1,585.43 $23,774,128.01
2004 $1,711.38 $23,775,839.39
2005 $2,332.32 $23,778,171.71
2006 $2,424.79 $23,780,596.50
MIK Rebate 5 yrs @ 100% Principal TIF Rebate
2002 $6,516.00 $23,787,112.50
2003 $6,278.34 $23,793,390.84
2004 $6,684.60 $23,800,075.44
Page 3 of 15 Page 31 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2005 $8,239.50 $23,808,314.94
2006 $8,540.82 $23,816,855.76
Micou Rebate Principal TIF Rebate $23,816,855.76
100% 2006 $595.15 $23,817,450.91
100% 2007 $2,135.84 $23,819,586.75
100/ 2008 $2,174.48 $23,821,761.23
100% 2009 $2,550.41 $23,824,311.64
100% 2010 $2,528.00 $23,826,839.64
Cedar Skyline Rebate TIF Rebate $23,826,839.64
Gilmor&Doyle 100/*zoos-2006 2007 Principal $35,701.16 $23,862,540.80
Gilmor&Doyle 100%* 2007 Principal $14,041.39 $23,876,582.19
Gilmor&Doyle 2008 Principal $16,127.59 $23,892,709.78
Landau Rebate 10 yrs Q 100% Principal TIF Rebate
2003 $13,646.60 $23,906,356.38
2004 $14,427.14 $23,920,783.52
zoos
$17,025.24, $23,937,808.761
Page 4 of 15 Page 32 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2006 $17,615.74 $23,955,424.50
2007 $20,435.62 $23,975,860.12
2008 $20,610.38 $23,996,470.50
2009 $22,243.62 $24,018,714.12
2010 $21,986.00 $24,040,700.12
2011 $22,016.00 $24,062,716.12
2012 $21,812.00 $24,084,528.12
Orr Haffa Rebate 7 yrs @ 100% Principal TIF Rebate
OSA) $7,824.63 $24,092,352.75
2009 $8,612.00 $24,100,964.75
2010 $8,516.00 $24,109,480.75
2011 $8,528.00 $24,118,008.75
2012 $8,450.00 $24,126,458.75
2013 $14,156.00 $24,140,614.75
2014 $13,226.00 $24,153,840.75
Slife Rebate 8 yrs @ 100% Principal TIF Rebate
2008 $6,808.06 $24,160,648.81
2009 $6,292.00 $24,166,940.81
2010 $6,200.00 $24,173,140.81
2011 $6,210.00 $24,179,350.81
2012 $6,152.00 $24,185,502.81
2013 $8,332.00 $24,193,834.81
2014 $7,784.00 $24,201,618.81
2015 $5,974.00 $24,207,592.81
Twin Trees LLC Principal TIF Rebate $24,207,592.81
2018 $82.00 $24,207,674.81
2019 $0.00 $24,207,674.81
2020 $25,216.00 $24,232,890.81
2021 $13,318.00 $24,246,208.81
2022' $15,878.00 $24,262,086.81
2023 $15,878.00 $24,277,964.81
2024 $15,878.00 $24,293,842.81
2025• $15,878.00 $24,309,720.81
Courier Rebate 10 yrs Q 100% Principal TIF Rebate
2008 $6,740.10 $24,316,460.91
2009 $9,584.16 $24,326,045.07
2010 $9,446.00 $24,335,491.07
2011 $9,460.00 $24,344,951.07
2012 $9,372.00 $24,354,323.07
2013 $13,090.00 $24,367,413.07
2014 $6,114.00 $24,373,527.07
2015 $0.00 $24,373,527.07
2016 $0.00 $24,373,527.07
2017 $0.00 $24,373,527.07
NCN Ltd.Rebate 7 yrs Q 100% Principal TIF Rebate
2008 $4,556.93 $24,378,084.00
2009 $27,069.77 $24 405,153.77
2010 $32,256.00 $24f437,409.77
2011 $33,154.00 $24f470,563.77
2012 $39,058.00 $24 509,621.77
2013 $40,999.00 $24f550,620.77
2014 $40,106.00 $24f590,726.77
2015 $31,078.00 $24f621,804.77
2016 $8,416.00 $24f630,220.77
2017 $25,343.00 $24f655,563.77
2018 $0.00 $24f655,563.77
Hollen II Rebate 5 yrs.@ 100% Principal TIF Rebate
2007 $1,793.46 $24f657,357.23
2008 $1,855.44 $24f659,212.67
Sold to JSA 2009 $0.00 $24f659,212.67
2010 $0.00 $24f659,212.67
2011 $0.00 $24f659,212.67
CN Bank-3rd Floor 10 yrs.@ 100% Principal TIF Rebate
2009 $16,126.00 $24f675,338.67
2010 $16,062.00 $24,691,400.67
2011 $16,084.00 $24,707,484.671
Page 5 of 15 Page 33 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2012 $15,934.00 $24,723,418.67
2013 $15,922.00 $24,739,340.67
2014 $14,876.00 $24,754,216.67
2015 $6,012.00 $24,760,228.67
2016 $1,788.00 $24,762,016.67
2017 $824.00 $24,762,840.67
2018 $830.00 $24,763,670.67
SA Development 5 M.@ 100% Principal TIF Rebate $24,763,670.67
2009 $6,146.00 $24,769,816.67
2010 $6,088.00 $24,775,904.67
2011 $6,096.00 $24,782,000.67
2012 $6,040.00 $24,788,040.67
2013 $9,766.00 $24,797,806.67
Jackie Rosic 5 yrs.@ 100% Principal TIF Rebate $24,797,806.67
2009 $4,149.00 $24,801,955.67
2010 $4,166.00 $24,806,121.67
2011 $4,172.00 $24,810,293.67
2012 $4,132.00 $24,814,425.67
2013 $7,120.00 $24,821,545.67
aymondSchultz 10yrs.@100% Principal TIF Rebate $24,821,545.67
Phase I,11&111 2015 $36,812.00 $24,858,357.67
Formerly Dolly James LLC 2016 $110,946.00 $24,969,303.67
20-824 Sycamore 2017 $109,572.00 $25,078,875.67
910-914 Sycamore 2018 $111,330.00 $25,190,205.67
20-924 Sycamore 2018 $108,822.00 $25,299,027.67
2020 $110,880.00 $25,409,907.67
2021 $143,816.00 $25,553,723.67
2022 $143,816.00 $25,697,539.67
2023 $143,816.00 $25,841,355.67
2024 $143,816.00 $25,985,171.67
2025 $95,878.00 $26,081,049.67
Hotel President Principal $26,081,049.67
2018 $27,417.00 $26,108,466.67
2019 $26,162.00 $26,134,628.67
2020 $25,002.00 $26,159,630.67
2021 $33,948.00 $26,193,578.67
2022• $19,446.00 $26,213,024.67
2023• $14,584.00 $26,227,608.67
2024• $9,724.00 $26,237,332.67
2025• $9,724.00 $26,247,056.67
2026• $9,724.00 $26,256,780.67
2027• $4,862.00 $26,261,642.67
FischelsHoldings,LLC 10yrs.@60% Principal TIF Rebate $26,261,642.67
2016 $1,070.00 $26,262,712.67
2017 $724.00 $26,263,436.67
2018 $878.00 $26,264,314.67
2019 $780.00 $26f265,094.67
2020 $914.00 $26f266,008.67
2021 $814.00 $26f266,822.67
2022* $3,728.00 $26f270,550.67
2023* $3,728.00 $26f274,278.67
2024* $3,728.00 $26f278,006.67
2025* $3,728.00 $26f281,734.67
SA Development Multi Parcels 5years Principal TIF Rebate $26281,734.67
2016 $142,754.00 $26f424,488.67
2017 $0.00 $26f424,488.67
2018 $49,392.00 $26f473,880.67
2019 $26f473,880.67
2020 $111,218.00 $26f585,098.67
2021 $82,892.00 $26f667,990.67
2022* $6,966.00 $26f674,956.67
2023* $6,966.00 $26f681,922.67
2024* $6,966.00 $26f688,888.67
2025* $18,542.00 $26 707 430.67
2026* $18,542.00 $26f725,972.67
2027 $18,542.001 $26,744,514.671
Page 6 of 15 Page 34 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2028* $18,542.00 $26,763,056.67
2029* $18,542.00 $26,781,598.67
2030* $18,542.00 $26,800,140.67
2031* $18,542.00 $26,818,682.67
2032* $18,542.00 $26,837,224.67
2033* $18,542.00 $26,855,766.67
2034* $18,542.00 $26,874,308.67
2035* $18,542.00 $26,892,850.67
2036* $18,542.00 $26,911,392.67
2037* $18,542.00 $26,929,934.67
2038* $18,542.00 $26,948,476.67
2039* $18,542.00 $26,967,018.67
Court square Bldg Co 5yrs @100% Principal TIF Rebate $26,967,018.67
2015 $0.00 $26,967,018.67
2016 $0.00 $26,967,018.67
2017 $0.00 $26,967,018.67
2018 $0.00 $26,967,018.67
2019* $0.00 $26,967,018.67
QAA-ISA,LLC Principal TIF Rebate $26,967,018.67
2015 $0.00 $26,967,018.67
2016 $27,943.00 $26,994,961.67
2017 $0.00 $26,994,961.67
2018* $0.00 $26,994,961.67
2019* $0.00 $26,994,961.67
2020* $0.00 $26,994,961.67
2021* $0.00 $26,994,961.67
2022* $0.00 $26,994,961.67
2023* $0.00 $26,994,961.67
2024* $0.00 $26,994,961.67
Grand Crossing Principal TIF Rebate $26,994,961.67
2018 $0.00 $26,994,961.67
2019 $64,440.00 $27,059,401.67
2020 $100,408.00 $27,159,809.67
2021 $108,138.00 $27,267,947.67
2022* $108,138.00 $27,376,085.67
2023* $108,138.00 $27,484,223.67
2024* $108,138.00 $27,592,361.67
2025* $108,138.00 $27,700,499.67
2026* $108,138.00 $27,808,637.67
2027" $108,138.00 $27,916,775.67
2028* $108,138.00 $28,024,913.67
2029* $108,138.00 $28,133,051.67
2030* $108,138.00 $28,241,189.67
2031* $108,138.00 $28,349,327.67
2032* $108,138.00 $28,457,465.67
2033* $108,138.00 $28,565,603.67
2034* $108,138.00 $28f673,741.67
2035* $108,138.00 $28f781,879.67
2036* $108,138.00 $28f890,017.67
2037* $108,138.00 $28f998,155.67
2038* $108,138.00 $29106,293.67
2039* $39,360.00 $29145,653.67
3Stooges Principal TIF Rebate $29,145,653.67
2018 $0.00 $29,145,653.67
2019 $2,152.00 $29,147,805.67
2020 $2,242.00 $29,150,047.67
2021 $2,536.00 $29,152,583.67
2022* $2,536.00 $29,155,119.67
2023* $2,536.00 $29,157,655.67
2024* $2,536.00 $29,160,191.67
2025* $2,536.00 $29,162,727.67
2026* $2,536.00 $29,165,263.67
2027" $2,536.00 $29,167,799.67
2028* $2,536.00 $29,170,335.67
Bread to Beer Principal I TIF Rebate $29,170,335.67
Page 7 of 15 Page 35 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2018 $0.00 $29,170,335.67
2019 $60,006.00 $29,230,341.67
2020 $59,732.00 $29,290,073.67
2021 $62,078.00 $29,352,151.67
2022* $63,022.00 $29,415,173.67
2023* $63,022.00 $29,478,195.67
2024* $63,022.00 $29,541,217.67
2025* $63,022.00 $29,604,239.67
2026* $63,022.00 $29,667,261.67
2027* $63,022.00 $29,730,283.67
2028' $63,022.00 $29,793,305.67
2029* $63,022.00 $29,856,327.67
2030* $63,022.00 $29,919,349.67
2031* $63,022.00 $29,982,371.67
2032* $63,022.00 $30,045,393.67
2033* $63,022.00 $30,108,415.67
CV Real Estate Principal TIF Rebate $30,108,415.67
2023* $23,840.00 $30,132,255.67
2024* $23,840.00 $30,156,095.67
2025* $23,840.00 $30,179,935.67
2026* $23,840.00 $30,203,775.67
2027* $23,840.00 $30,227,615.67
2028' $23,840.00 $30,251,455.67
2029* $23,840.00 $30,275,295.67
2030* $23,840.00 $30,299,135.67
2031* $23,840.00 $30,322,975.67
2032* $23,840.00 $30,346,815.67
2033* $23,840.00 $30,370,655.67
2034* $23,840.00 $30,394,495.67
2035* $23,840.00 $30,418,335.67
2036* $23,840.00 $30,442,175.67
2037* $23,840.00 $30,466,015.67
Arts Mall Properties Principal TIF Rebate $30,466,015.67
2022* $64,748.00 $30,530,763.67
2023* $64,748.00 $30,595,511.67
2024* $64,748.00 $30,660,259.67
2025* $64,748.00 $30,725,007.67
2026* $64,748.00 $30,789,755.67
2027" $64,748.00 $30,854,503.67
2028* $64,748.00 $30,919,251.67
2029* $64,748.00 $30,983,999.67
2030* $64,748.00 $31,048,747.67
2031* $64,748.00 $31,113,495.67
2032* $64,748.00 $31,178,243.67
2033* $64,748.00 $31,242,991.67
2034* $64,748.00 $31,307,739.67
2035* $64,748.00 $31,372,487.67
2036* $64,748.00 $31,437,235.67
2037* $64,748.00 $31,501,983.67
2038* $64,748.00 $31,566,731.67
2039* $64,748.00 $31,631,479.67
2040* $64,748.00 $31,696,227.67
2041* $64,748.00 $31,760,975.67
Park Ave Lofts Principal TIF Rebate $31,760,975.67
2022* $39,784.00 $31,800,759.67
2023* $40,552.00 $31,841,311.67
2024* $40,552.00 $31,881,863.67
2025* $40,552.00 $31,922,415.67
2026* $40,552.00 $31,962,967.67
2027* $40,552.00 $32,003,519.67
2028* $40,552.00 $32,044,071.67
2029* $40,552.00 $32,084,623.67
Page 8 of 15 Page 36 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2030* $40,552.00 $32,125,175.67
2031* $40,552.00 $32,165,727.67
Qoz 6 Comm LLC Principal TIF Rebate $32,165,727.67
2024* $64,418.00 $32,230,145.67
2025* $64,418.00 $32,294,563.67
2026* $64,418.00 $32,358,981.67
2027* $64,418.00 $32,423,399.67
2028* $64,418.00 $32,487,817.67
2029* $64,418.00 $32,552,235.67
2030* $64,418.00 $32,616,653.67
2031* $64,418.00 $32,681,071.67
2032* $64,418.00 $32,745,489.67
2033* $64,418.00 $32,809,907.67
2034* $64,418.00 $32,874,325.67
2035* $64,418.00 $32,938,743.67
2036* $64,418.00 $33,003,161.67
2037* $64,418.00 $33,067,579.67
2038* $64,418.00 $33,131,997.67
2039* $64,418.00 $33,196,415.67
2040* $64,418.00 $33,260,833.67
2041* $64,418.00 $33,325,251.67
2042* $64,418.00 $33,389,669.67
2043* $64,418.00 $33,454,087.67
Makenda LLC(Best Western) Principal TIF Rebate $33,454,087.67
2024* $231,094.00 $33,685,181.67
2025* $231,094.00 $33,916,275.67
2026* $231,094.00 $34,147,369.67
2027* $231,094.00 $34,378,463.67
2028* $231,094.00 $34,609,557.67
2029* $231,094.00 $34,840,651.67
2030* $231,094.00 $35,071,745.67
2031* $231,094.00 $35,302,839.67
2032* $231,094.00 $35,533,933.67
2033* $231,094.00 $35,765,027.67
2034* $231,094.00 $35,996,121.67
2035* $231,094.00 $36,227,215.67
2036* $231,094.00 $36,458,309.67
2037* $231,094.00 $36,689,403.67
2038* $231,094.00 $36,920,497.67
2039* $231,094.00 $37,151,591.67
2040* $231,094.00 $37,382,685.67
2041* $231,094.00 $37,613,779.67
2042* $231,094.00 $37,844,873.67
Lincoln Savings Bank Tech 1Bldg Principal TIF Rebate $37,844,873.67
2024* $187,104.00 $38,031,977.67
2025* $187,104.00 $38,219,081.67
2026* $187,104.00 $38,406,185.67
2027* $187,104.00 $38,593,289.67
2028* $187,104.00 $38,780,393.67
2029* $187,104.00 $38,967,497.67
2030* $187,104.00 $39,154,601.67
2031* $187,104.00 $39,341,705.67
2032* $187,104.00 $39,528,809.67
2033* $187,104.00 $39,715,913.67
2034* $187,104.00 $39,903,017.67
2035* $187,104.00 $40,090,121.67
2036* $187,104.00 $40,277,225.67
2037* $187,104.00 $40,464,329.67
2038* $187,104.00 $40,651,433.67
2039* $187,104.00 $40,838,537.67
2040* $187,104.00 $41,025,641.67
2041* $187,104.00 $41,212,745.67
Page 9 of 15 Page 37 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2042• $187,104.00 $41,399,849.67
2043• $187,104.00 $41,586,953.67
Elizabeth Blake LLC Principal TIF Rebate $41,586,953.67
2023• $4,630.00 $41,591,583.67
2024 $4,630.00 $41,596,213.67
2025• $4,358.00 $41,600,571.67
2026 $4,358.00 $41,604,929.67
2027• $4,086.00 $41,609,015.67
2028" $4,086.00 $41,613,101.67
Downtown Redevelopment Principal $307,500.00 2001 GO Bonds $41,920,601.67
6/01 Interest $145,177.00 2001 GO Bonds $42,065,778.67
SSMID Taxes Principal $66,512.46 Contract $42,132,291.13
Downtown St.RISE Match Principal $150,000.00 2003 GO Bonds $42,282,291.13
Fund 413 Interest $32,912.00 2003 GO Bonds $42,315,203.13
US 63 Study Fund 411 Principal $50,000.00 2001 GO Bonds $42,365,203.13
Interest $22,491.91 2001 GO Bonds $42,387,695.04
Windows on Waterloo V Principal $11,002.00 2002 GO Bonds $42,398,697.04
Fund 412 Interest $7,674.00 2002 GO Bonds $42,406,371.04
Downtown Redevelopment Principal $200,000.00 2003 GO Bonds $42,606,371.04
Fund 413 Interest $47,888.00 2003 GO Bonds $42,654,259.04
Downtown Redevelopment Principal $55,358.07 2003 GO Bonds $42,709,617.11
Fund 413 Interest $14,490.00 2003 GO Bonds $42,724,107.11
Downtown Redevelopment Principal $78,114.59 2003 GO Bonds $42,802,221.70
Fund 413 Interest $18,707.00 2003 GO Bonds $42,820,928.70
Downtown Street Lighting Principal $40,000.00 2004 GO Bonds $42,860,928.70
Fund 414 Interest $13,450.00 2004 GO Bonds $42,874,378.70
Main Street 2004 Principal $30,000.00 Contract $42,904,378.70
SSMID 2003 Principal $56,641.16 Contract $42,961,019.86
SSMID 2004 Principal $896.59 Contract $42,961,916.45
Main Street 2005 Principal $30,000.00 Contract $42,991,916.45
Downtown Acquisition Fund Principal $140,000.00 2004 GO Bonds $43,131,916.45
414 taxable Interest $71,380.00 2004 GO Bonds $43,203,296.45
Vandewalle Contract Fund Principal $60,000.00 2004 GO Bonds $43,263,296.45
414 Interest $23,225.36 2004 GO Bonds $43,286,521.81
Downtown Redevelopment Principal $215,000.00 2004 GO Bonds $43,501,521.81
Fund 414 Interest $80,212.62 2004 GO Bonds $43,581,734.43
Downtown Street Lighting Principal $10,000.00 2004 GO Bonds $43,591,734.43
Fund 414 Interest $3,965.36 2004 GO Bonds $43,595,699.79
Main Street 2006 Principal $30,000.00 Contract $43,625,699.79
Downtown Acquisition Principal $150,000.00 2004 GO Bonds $43,775,699.79
Fund 414 Interest $53,362.50 2004 GO Bonds $43,829,062.29
Downtown Acquisition Principal $850,000.00 2005 GO Bonds $44,679,062.29
Fund 415 Interest $282,397.50 2005 GO Bonds $44,961,459.79
Downtown Dev Fund 406 Principal $100,000.00 2006 GO Bonds $45,061,459.79
tax exempt Interest $40,915.00 2006 GO Bonds $45,102,374.79
WDC Properties I Acquisition Principal $240,000.00 Advance $45,342,374.79
Contract Interest $24,330.00 Advance $45,366,704.79
Downtown Dev. Fund 406 Principal $500,000.00 2006 GO Bonds $45,866,704.79
tax exempt Interest $194,662.60 2006 GO Bonds $46,061,367.39
Downtown Property Ac . Principal $546,079.28 Advance $46,607,446.67
Main Street 2007 Principal $30,000.00 Contract $46,637,446.67
Main Principal $30,000.00 Contract $46,667,446.67
Main Street 2009 Principal $30,000.00 Contract $46,697,446.67
Main Street 2010 Principal $40,000.00 Contract $46,737,446.67
Main Street 2011 Principal $40,000.00 Contract $46,777,446.67
Main Street 2012 Principal $40,000.00 contract $46,817,446.67
Main Street 2013 Principal $40,000.00 contract $46,857,446.67
Main Street 2014 Principal $40,000.00 Contract $46,897,446.67
Main Street 2015 Principal $40,000.00 Contract $46,937,446.67
Main Street 2016 Principal $40,000.00 Contract $46,977,446.67
1998 GO Bonds Refinanced - Principal ($87,000.00) 1998 GO Bonds $46,890,446.67
Deduct Old Debt Service Interest ($14,231.00)11998 GO Bonds $46,876,215.67
Page 10 of 15 Page 38 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
1998 GO Bonds Refinanced- Principal $87,600.00 2007 GO Bonds $46,963,815.67
Add New Debt Service Interest $12,654.00 $46,976,469.67
1999 GO Bonds Refinanced - Principal $287,327.00 1999 GO Bonds $46,689,142.67
Deduct Old Debt Service Interest $103,658.00 1999 GO Bonds $46,585,484.67
1999 GO Bonds Refinanced- Principal $289,301.00 2007 GO Bonds $46,874,785.67
Add New Debt Service Interest $80,969.00 $46,955,754.67
Fund 407 Pump Station Principal $1,050,000.00 2007 GO Bonds $48,005,754.67
Interest $379,495.00 $48,385,249.67
Fund 407 Pump Station Principal ($620,000.00) 2007 GO Bonds $47,765,249.67
Refinanced-deduct old debt Interest ($125,852.50) $47,639,397.17
Fund 414 Pump Station Principal $620,000.00.2014 GO Bonds $48,259,397.17
refinaced fund 407 Interest $92,693.01 $48,352,090.18
Fund 407 Parking Ramp Principal $700,000.00 2007 GO Bonds $49,052,090.18
Interest $257,645.00 $49,309,735.18
Fund 407 Parking Ramp Principal ($425,000.00) 2007 GO Bonds $48,884,735.18
Refinanced deduct old debt Interest ($86,377.50) $48,798,357.68
Fund 414 Parking Ramp Principal $425,000.00 2014 GO Bonds $49,223,357.68
Refinanced fund 407 gPrnincipal
$68,257.00 $49,291,614.68
Fund 407 Property Acq. $200 000.00 2007 GO Bonds $49 491614.68
Tax exempt $74,550.00 $49,566,164.68
Fund 407 Property Acq. ($125,000.00) 2007 GO Bonds $49,441,164.68
(Refinanced-Deduct old debt ($25,042.50) $49,416,122.18
Fund 414 Property Acq. Principal $125,000.00 2014 GO Bonds $49,541,122.18
(Refinanced fund 407) Tax Interest $18,335.00 $49,559,457.18
Fund 407 Property Acq. Principal $200,000.00 2007 GO Bonds $49,759,457.18
Taxable Interest $71,112.50 $49,830,569.68
Fund 407 Development Plan Principal $100,000.00 2007 GO Bonds $49,930,569.68
Interest $39,250.00 $49,969,819.68
Fund 407 Development Plan Principal ($65,000.00) 2007 GO Bonds $49,904,819.68
(Refinanced-deduct old debt Interest ($14,295.00) $49,890,524.68
Fund 414 Development Plan Principal $65,000.00 2014 GO Bonds $49,955,524.68
(Refinanced Fund 407) Interest $10,955.00 $49,966,479.68
2000 GO Bonds Refinanced Principal ($9,761.00) 1999 GO Bonds $49,956,718.68
2007-Deduct Old Debt Service Interest ($2,549.00) 1999 GO Bonds $49,954,169.68
2000 GO Bonds Refinanced- Principal $10,209.00 2007 GO Bonds $49,964,378.68
Add New Debt Service-2007 Interest $1,929.00 $49,966,307.68
Fund 408 Development Plan Principal $100,000.00 2008 GO Bonds $50,066,307.68
Tax Exempt Interest $34,332.50 $50,100,640.18
Fund 408 Property Acq. Principal $150,000.00 2008 GO Bonds $50,250,640.18
Tax Exempt Interest $45,655.00 $50,296,295.18
Fund 408 Public Market Principal $585,000.00 2008 GO Bonds $50,881,295.18
Taxable Interest $172,750.00 $51,054,045.18
Fund 408 Parking Ramp Principal $1,400,000.00 2008 GO Bonds $52,454,045.18
Taxable Interest $407,250.00 $52,861,295.18
Fund 416 GO Bond FYE2016 Principal ($60,000.00) 2016 GO Bonds $52,801,295.18
Refunding Portion 2008A Interest ($10,052.50) $52,791,242.68
Fund 416 GO Bond FYE2016 Principal ($75,000.00) 2016 GO Bonds $52,716,242.68
Refunding Portion 2008A Interest ($10,950.00) $52,705,292.68
E.4th Street Streetscape Project Principal $9,200.00 Advance $52,714,492.68
E 4th Street Improvements Principal $420,029.47 Advance $53,134,522.15
E 4th Street Principal $21,961.18 Advance $53,156,483.33
2009 Downtown Parking Principal $700,000.0012009 GO Bonds $53,856,483.33
Garages-Exempt Interest $209,558.86 $54,066,042.19
2009 Downtown Development Principal $100,000.00 2009 GO Bonds $54,166,042.19
Plan-Exempt Interest $31,156.89 $54,197,199.08
2009 Downtown Acquisitions- Principal $250,000.00 2009 GO Bonds $54,447,199.08
Exempt Interest $71,649.06 $54,518,848.14
2009 Downtown Acquisitions- Principal $300,000.0012009 GO Bonds $54,818,848.14
Page 11 of 15 Page 39 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
Taxable Interest $81,214.30 $54,900,062.44
Fund 410 Downtown Principal $60,000.00 2010 GO Bonds $54,960,062.44
Development Plan-Taxable Interest $10,893.17 $54,970,955.61
Fund 410 Downtown Principal $506,000.00 2010 GO Bonds $55,476,955.61
Acquisitions-Taxable Interest $97,450.89 $55,574,406.50
2002 GO Bonds Refinanced - Principal ($11,002.00) 1999 GO Bonds $55,563,404.50
Deduct Old Debt Service Interest ($7,674.00) 1999 GO Bonds $55,555,730.50
2002 GO Bonds Refinanced- Principal $11,031.56 2007 GO Bonds $55,566,762.06
Add New Debt Service-Fund Interest $3,979.74 $55,570,741.80
2004 GO Bonds Refinanced - Principal ($85,000.00) 2004 GO Bonds $55,485,741.80
Deduct Old Debt Service Interest ($18,705.50) 2004 GO Bonds $55,467,036.30
2004 GO Bonds Refinanced- Principal $85,000.00 2011 GO Bonds $55,552,036.30
Add New Debt Service-Fund Interest $13,486.06 $55,565,522.36
2005 GO Bonds Refinanced - Principal ($510,000.00) 2005 GO Bonds $55,055,522.36
Deduct Old Debt Service- Interest ($96,405.00) $54,959,117.36
2005 GO Bonds Refinanced- Principal $510,000.00 2012 GO Bonds $55,469,117.36
Add New Debt Service-Fund Interest $51,204.18 $55,520,321.54
2003 GO Bonds Refinanced - Principal ($60,000.00) 2003 GO Bonds $55,460,321.54
Deduct Old Debt Service- Interest ($6,290.00) $55,454,031.54
2003 GO Bonds Refinanced- Principal $60,000.00 2012 GO Bonds $55,514,031.54
Add New Debt Service-Fund Interest $1,892.82 $55,515,924.36
2003 GO Bonds Refinanced - Principal ($30,446.87) 2003 GO Bonds $55,485,477.49
Deduct Old Debt Service- Interest ($3,401.00) $55,482,076.49
2003 GO Bonds Refinanced- Principal $30,446.87 2012 GO Bonds $55,512,523.36
Add New Debt Service-Fund Interest $698.56 $55,513,221.92
2003 GO Bonds Refinanced - Principal ($35,149.00) 2003 GO Bonds $55,478,072.92
Deduct Old Debt Service- Interest ($3,686.00) $55,474,386.92
2003 GO Bonds Refinanced- Principal $35,149.00 2012 GO Bonds $55,509,535.92
Add New Debt Service-Fund Interest $985.75 $55,510,521.67
2003 GO Bonds Refinanced - Principal ($28,840.00) 2003 GO Bonds $55,481,681.67
Deduct Old Debt Service-
Interest ($3,305.00) $55,478,376.67
Downtown Lighting
2003 GO Bonds Refinanced- Principal $28,840.00 2012 GO Bonds $55,507,216.67
Add New Debt Service-Fund Interest $602.56 $55,507,819.23
412 2012
2007 GO Bonds Refinanced - Principal ($139,873.00) 2007 GO Bonds $55,367,946.23
Deduct Old Debt Service Interest ($16,598.00) $55,351,348.23
2007 GO Bonds Refinanced- Principal $139,873.00 2014 GO Bonds $55,491,221.23
Add New Debt Service-Fund Interest $12,378.00 $55,503,599.23
2006 GO Bonds Refinanced - Principal ($385,000.00) 2014 GO Bonds $55,118,599.23
Deduct Old Debt Service Interest ($61,077.52) $55,057,521.71
2006 GO Bonds Refinanced- Principal $385,000.00 2014 GO Bonds $55,442,521.71
Add New Debt Service-Fund Interest $1,477.80 $55,443,999.51
414(2014)
Fund 411 Downtown Principal $100,000.00 2011 GO Bonds $55,543,999.51
Development Plan-Taxable Interest $37,066.11 $55,581,065.62
Fund 411 Downtown Principal $800,000.00 2011 GO Bonds $56,381,065.62
Acquisitions-Taxable Interest $269,240.97 $56,650,306.59
Fund 411 Downtown Principal $800,000.00 2011 GO Bonds $57,450,306.59
Demolitions-Taxable Interest $269,240.97 $57,719,547.56
Fund 412 Downtown Principal $800,000.00 2012 GO Bonds $58,519,547.56
Acquisitions-Taxable
Interest $98,233.13 $58,617,780.69
Fund 412 Downtown Principal $60,000.00 2012 GO Bonds $58,677,780.69
Page 12 of 15 Page 40 Of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
Development Plan Interest $7,290.00 $58,685,070.69
Fund 412 Downtown Principal ($7,000.00) 2012 GO Bonds $58,678,070.69
Development Plan REFUNDED
2021A Interest ($140.00) $58,677,930.69
Fund 413 Downtown Principal $950,000.00 2013 GO Bonds $59,627,930.69
Acquisitions-Taxable
Interest $125,810.76 $59,753,741.45
Fund 413 Downtown Acq Principal ($205,000.00) 2013 GO Bonds $59,548,741.45
REFUNDED 2021B
Interest ($8,325.00) $59,540,416.45
Fund 413 Downtown Principal $80,000.00 2013 GO Bonds $59,620,416.45
Development Plan
Interest $10,579.03 $59,630,995.48
Fund 2013 Downtown Principal ($20,000.00) 2013 GO Bonds $59,610,995.48
Development Plan REFUNDED Interest ($700.00) $59,610,295.48
2021A
Fund 414 Techworks Principal $3,500,000.00 2014 GO Bonds $63,110,295.48
Interest $1,112,697.40 $64,222,992.88
Fund 414 Downtown Principal $80,000.00 2014 GO Bonds $64,302,992.88
Development Plan Interest $13,255.56 $64,316,248.44
Fund 414 Downtown Principal $345,000.00 2014 GO Bonds $64,661,248.44
Acquisitions Interest $114,661.47 $64,775,909.91
Fund 415 Downtown Principal $80,000.00 2015 GO Bonds $64,855,909.91
Development Plan-Tax
Exempt Interest $14,813.33 $64,870,723.24
Fund 415 Downtown Principal $200,000.00 2015 GO Bonds $65,070,723.24
Acquisitions-Taxable Interest $29,232.11 $65,099,955.35
Fund 416 GO Bond FYE2016A Principal $80,000.00 2016 GO Bonds $65,179,955.35
Interest $9,875.56 $65,189,830.91
Fund 416 GO Bond FYE2016B Principal $239,000.00 2016 GO Bonds $65,428,830.91
Interest $26,472.57 $65,455,303.48
Fund 416 GO Bond Principal $9,250,000.00 2016 GO Bonds $74,705,303.48
FYE2016CTechworks Interest $3,031,639.19 $77,736,942.67
Fund 416 GO Bond FYE2016 Principal $60,000.00 2016 GO Bonds $77,796,942.67
Refunding Portion 2008A Interest $5,206.67 $77,802,149.34
Fund 416 GO Bond FYE2016 Principal $75,000.00 2016 GO Bonds $77,877,149.34
Refunding Portion 2008A Interest $5,683.33 $77,882,832.67
Teamsters Acquisition Principal $92,781.02 Advance $77,975,613.69
E 4th Street Principal $31,886.19 Advance $78,007,499.88
TechWorks Principal $24,104.93 Advance $78,031,604.81
TIF Expansion Principal $1,063.75 Advance $78,032,668.56
Cedar Skyline Advance Principal $247,500.00 Advance $78,280,168.56
TechWorks(FY13) Principal $3,977.50 Advance $78,284,146.06
TechWorks(FY14) Principal $4,410.00 Advance $78,288,556.06
Administrative Expenses FY15 Principal $9,467.97 Advance $78,298,024.03
Administrative Expenses FY16 Principal $13,400.00 Advance $78,311,424.03
FUND 409 Downtown Parking Principal ($390,000.00) 2009 GO Bonds $77,921,424.03
Garage Exempt REFUNDED Interest ($58,788.49) REFUNDED $77,862,635.54
Page 13 of 15 Page 41 of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2017A refinance of Fund 409 Principal $390,000.00 2017A GO $78,252,635.54
Downtown Parking Garage Interest $44,787.50 Bonds $78,297,423.04
Exemnt Refinanced
FUND 409 Downtown Acq Principal ($135,000.00) 2009 GO Bonds $78,162,423.04
Exempt REFUNDED REFUNDED
Interest ($20,036.28) $78,142,386.76
2017A Refinanced of FUND 409 Principal $135,000.00 2017A GO $78,277,386.76
Downtown Acq Interest $16,436.25 Bonds $78,293,823.01
FUND 409 Downtown Principal ($60,000.00) 2009 GO Bonds $78,233,823.01
Development Pan Exempt Interest ($9,603.85) REFUNDED $78,224,219.16
2017A Refinanced fund 409 Principal $60,000.00 2017A GO $78,284,219.16
Downtown Dev.Plan Interest $7,855.00 Bonds $78,292,074.16
2017 GO Bond Principal $75,000.00 2017 GO Bonds $78,367,074.16
Interest $17,881.25 $78,384,955.41
Main Street Contract FY17 Principal $40,000.00 Advance $78,424,955.41
Administrative Expenses FY17 Principal $17,449.39 Advance $78,442,404.80
Singlespeed Contract FY17 Principal $168,416.66 Advance $78,610,821.46
2017 GO Bond(IRD) Principal $8,100,000.00 2017 GO Bonds $86,710,821.46
Interest $2,681,451.01 $89,392,272.47
Main Street Contract FY18 Principal $40,000.00 Advance $89,432,272.47
Administrative Expenses FY18 Principal $27,057.32 Advance $89,459,329.79
Singlespeed Contract FY18 Principal $142,194.06 Advance $89,601,523.85
Bread to Beer Grant FY18 Principal $20,000.00 Advance $89,621,523.85
2018A GO Bond(added FY19) Principal $80,000.00 2018 GO Bonds $89,701,523.85
Interest $14,880.00 $89,716,403.85
2019A GO Bond FY 19 Principal $80,000.00 2019 GO Bonds $89,796,403.85
Interest $14,886.67 $89,811,290.52
2019B GO Bonds Principal $550,000.00 2019 GO Bonds $90,361,290.52
Interest $84,644.89 $90,445,935.41
Downtown Acq Fund 411 Principal ($440,000.00) 2019 GO Bonds $90,005,935.41
Taxable REFUNDED with Interest ($79,565.00) $89,926,370.41
Downtown Demo Fund 411 Principal ($440,000.00) 2019 GO Bonds $89,486,370.41
Taxable REFUNDED with Interest ($79,565.00) $89,406,805.41
2019D
Downtown Development Plan Principal ($65,000.00) 2019 GO Bonds $89,341,805.41
Fund 411 Taxable REFUNDED
Interest ($11,000.00) $89,330,805.41
2019D(Refunded 2011B,3 Principal $945,000.00 2020 GO Bonds $90,275,805.41
bonds refunded) Interest $67,837.47 $90,343,642.88
2020A GO Bond Development Principal $80,000.00 2020 GO Bonds $90,423,642.88
Plan Interest $12,575.56 $90,436,218.44
2012C GO Bond Refinanced Principal $260,000.00 2020 GO Bonds $90,696,218.44
with 2020B Interest $940.83 $90,697,159.27
2020B GO Bond Techworks Principal $31,000.00 2020 GO Bonds $90,728,159.27
Platting Interest $3,427.88 $90,731,587.15
2012C GO Bond Refunded with Principal ($260,000.00) 2020 GO Bonds $90,471,587.15
2020B Interest $11,967.50 $90,459,619.65
2012A Go Bond Refinanceed Principal $7,000.00 2021 GO Bonds $90,466,619.65
with 2021A Interest $131.83 $90,466,751.48
2013A GO Bond Refinanced Principal $20,000.00 2021 GO Bonds $90,486,751.48
with 2021A Interest $576.67 $90,487,328.15
2013B GO Bond Refinanced Principal $205,000.00 2021 GO Bonds $90,692,328.15
with 2021B Interest $799.96 $90,693,128.11
2021A GO Bond New Money Principal $80,000.00 2021 GO Bonds $90,773,128.11
Interest $9,906.67 $90,783,034.78
Main Street contract FY19 Principal $40,000.00 Advance $90,823,034.78
Administrative Expenses FY19 Principal $37,633.52 Advance $90,860,668.30
Bread to Beer ED Contract FY19 Principal $630.671 Advance $90,861,298.97
Page 14 of 15 Page 42 Of 254
Schedule "1"
Cumulative as of June 30,2021
Project Designation:Downtown Waterloo Urban Renewal and Redevelopment Program
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
CV Real Estate ED Grant Principal $300,000.00 Advance $91,161,298.97
Makenda Hotel ED Grant Principal $450,000.00 Advance $91,611,298.97
LSB Direct Grant Principal $3,000,000.00 Advance $94,611,298.97
Main Street Contract FY20 Principal $40,000.00 Advance $94,651,298.97
GROW CV Contract FY20 Principal $36,500.00 Advance $94,687,798.97
Administrative Expenses FY20 Principal $42,595.19 Advance $94,730,394.16
Main Street FY 21 Principal $60,000.00 Advance $94,790,394.16
Administrative Expenses FY21 Principal $56,975.99 Advance $94,847,370.15
Advanced Enviro Asbes remova Principal $107,444.96 Advance $94,954,815.11
JSA ED Grant Principal $230,000.00 Advance $95,184,815.11
River Lighting Design Principal $5,937.50 Advance $95,190,752.61
$95,190,752.61
$95,190,752.61
$95,190,752.61
$95,190,752.61
*Estimated
Page 15 of 15 Page 43 of 254
CITY OF WATERLOO
Council Communication
Resolution approving certification to the Black Hawk County Auditor for FY 2021 expenditures that qualify
for reimbursement in the East Waterloo Unified Urban Renewal and Redevelopment Tax Increment District,
and place the certification on file.
City Council Meeting: 11/29/2021
Prepared: 11/2/2021
ATTACHMENTS:
Description Type
❑ East Unified Tif Cert Backup Material
Resolution approving certification to the Black Hawk County Auditor for
SUBJECT: FY 2021 expenditures that qualify for reimbursement in the East Waterloo
Unified Urban Renewal and Redevelopment Tax Increment District, and
place the certification on file.
Submitted by: Submitted By:Noel Anderson, Community Planning and Development
Director
Recommended Action: Approve
In accordance with the amended provision of the State Code of Iowa, it is
Summary Statement: required that the City of Waterloo annually certify to the County Auditor its
expenditures that qualify for reimbursement from the tax increment fund.
The city has established several TIF Districts for community development.
The certification of expenditures incurred in each TIF District is required to
Neighborhood Impact: be filed with Black Hawk County in order to collect the TIF revenue.
The East Waterloo Unified Urban Renewal and Redevelopment TIF is the
former Logan and Midport TIF districts that were recently combined.
Data/Analysis and Strategies: Economic Development
Implementation,Accountability, N/A
and Communication:
Expenditure Required/Source of None
Funds:
Page 44 of 254
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: East Waterloo Unified TIF
Urban Renewal Area Number: 07045 (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*: $ 6,312,541
*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 T 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 $78,127.00 in debt reductions and revenue adjustments using Form 3 that did not
carry to this form. Net debt outstanding at 6/30/2021 should be$16,388,533.77.
Please note that this report is for the new district created as a result of the merger of the Airport(District 07010) and
Logan (District 07035) urban renewal areas.
Dated this day of November 2021
319.291.4323
SignatureofAuthorized Official - Telephone
Page 45 of 254
CITY TIF FORM 1.1 - I o be attached to Ul I Y I IF FUKM 1 - INULti 1 LUNL66 GLK I IFIGA I IUN Page 1
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo County: Black Hawk
Urban Renewal Area Name:East Waterloo Unified TIF
Urban Renewal Area Number:07045 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Logan Administrative Expenses:$5,311.00 06/21/2021 5,311
n Xthis box if a rebate agreement. List administrative details on lines above.
2. ED Grant 314 Clay Street: $5,000 2/19/2018 5,000
FIX this box if a rebate agreement. List administrative details on lines above.
3. Logan North Crossing Platting and Design$24,500.00 4/5/2021 24,500
n Xthis box if a rebate agreement. List administrative details on lines above.
4. Logan Demolition Costs$234,490.00 3/15/2021 234,490
FI Xthis box if a rebate agreement. List administrative details on lines above.
5. Logan Salaries: $13,814.69 06/21/2021 13,815
[]'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:-- 283,116
*"Date Approved"is the date'that the local governing body'initially approved the TIF indebtedness;
Page 46 of 254
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:East Waterloo Unified TIF
Urban Renewal Area Number:07045 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
6. Leversee Rd Development FY21 $3,899.00 11/07/2016 3,899
FIXthis box if a rebate agreement. List administrative details on lines above.
7. Airline Hwy San Sewer Con 979$185,765.05 12/30/2019 185,765
n'X'this box if a rebate agreement. List administrative details on lines above.
8. AECOM Water Main Improvments Cont 1033$331,101.47 10/19/2020 331,101
FIXthis box if a rebate agreement. List administrative details on lines above.
9. MidAmercian Electric Lines Leversee Rd $327,736.50 11/16/2020 327,737
FIX'this box if a rebate agreement. List administrative details on lines above.
10.CGA Leversee Sanitary Sewer FY21 $1,325,089.99 09/16/2019 1,325,090
n'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: - -2,173,592
*"Date Approved"isthe`date that the local governing body initially approved the TIF indebtedness.
Page 47 of 254
CITY TIF FORM 1.1 -To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 3
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo County: Black Hawk
Urban Renewal Area Name:East Waterloo Unified TIF
Urban Renewal Area Number:07045 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: I Date Approved*: Total Amount:
11. Leversee Rd Lift Station Cont 983$696,788.26 12/07/2020 696,788
n'X'this box if a rebate agreement. List administrative details on lines above.
12.Warp Drive RISE Contract 977$770,600.53 07/20/2020 770,601
FI'X'this box if a rebate agreement. List administrative details on lines above.
13. GROW CV FY21 $12,125.00 12/14/2020 12,125
FI'X'this box if a rebate agreement. List administrative details on lines above.
14. Midport Salaries FY21 $20,710.64 06/21/2021 20,711
FIXthis box if a rebate agreement. List administrative details on lines above.
15. Midport Admin Expenses FY21 $4,548 06/21/2021 4,548
FIXthis box if a rebate agreement. List administrative details on lines above.
If more indebtedness entry lines are needed continue to Form 1.1 Page 4.
Total For City TIF Form 1.1 Page 3: 1;504;772
*"Date Approved"is the date that the local governing body initially approved the TIF indebtedness:
Page 48 of 254
CITY TIF FORM 1.1 -To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 4
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo County: Black Hawk
Urban Renewal Area Name:East Waterloo Unified TIF
Urban Renewal Area Number:07045 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
16. North Crossing Tax Rebate Increase:$45.00 1/25/2016 45
xx Xthis box if a rebate agreement. List administrative details on lines above.
17. ConAgra Phase II& III Tax Rebate Increase:$25,644.00 5/26/2015 25,644
x Xthis box if a rebate agreement. List administrative details on lines above.
18. Paramount Investments Tax Rebates 2/1/2021 28,096
3-years @50% Rebates
xx Xthis box if a rebate agreement. List administrative details on lines above.
19. Endeavor Reese Properties Tax Rebate Increase: $11,461.00 7/13/2015 11,461
n X'this box if a rebate agreement. List administrative details on lines above.
20. Professional Lawn Care Tax Rebate Increase: $67,487.73 7/15/2019 67,488
nW this box if a rebate agreement. List administrative details on lines above.
_ Total For City TIF Form 1.1 Page 4: -132;734
*"Date Approved is the date that the local governing body initiallyapproved the TIF indebtedness.
Page 49 of 254
CITY TIF FORM 1.1 -To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 5
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo County: Black Hawk
Urban Renewal Area Name East Waterloo Unified TIF
Urban Renewal Area Number:07045 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
21 Hyper Drive RISE Contract 1051 $1,048,327.40 9/7/2021 948,327
F]'X'this box if a rebate agreement. List administrative details on lines above.
22 CPM Grant 11/15/2021 1,270,000
rl'X'this box if a rebate agreement. List administrative details on lines above.
23
xl'X'this box if a rebate agreement. List administrative details on lines above.
24
n'X'this box if a rebate agreement. List administrative details on lines above.
25
FIX this box if a rebate agreement. List administrative details on lines above.
Total For City TIF Form 1.1 Page 5: 2,218,327
T *"Date Approved"is the date that the local governing body initially approved the TIF indebtedness.
Page 50 of 254
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: East Waterloo Unified TIF
Urban Renewal Area Number: 07045 (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: Amount
Reduced:
Interest Revenue Received During FY21 (Midport): $7,970.80 7,971
KWWL Television Tax Rebate Estimate Adjustment: Decrease of$2,234.00 2,234
North Crossing Tax Rebate Estimate Adjustment: Decrease of$1,682.00 1,682
Koelker Properties Tax Rebate Estimate Adjustment: Decrease of$2,782.00 2,782
Cedar Valley Warehouse II Properties Tax Rebate Estimate Adjustment: Decrease of$2,320.00 2,320
M&R Iowa Tax Rebate Estimate Adjustment: Decrease of$10,003.84 10,004
Hydrite Chemical Tax Rebate Estimate Adjustment: Decrease of$4.00 4
Cedar Valley Warehouse Kinsler Tax Rebate Estimate Adjustment Decrease of$21,022.00 21,022
No Steps Tax Rebate Estimate Adjustment Decrease of$3,000.00 3,000
LaForge Tax Rebate Estimate adjustment Decrease of$27,108.00 27,108
Page, 51 of 254
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: East Waterloo Unified TIF
Urban Renewal Area Number: 07045 (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: Amount
Reduced:
Page of 254
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: East Waterloo Unified TIF
Urban Renewal Area Number: 07045 (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: Amount
Reduced:
Total Reduction In Indebtedness For This Urban Renewal Area: 78,127
Dated this day of November 2021
319-291-4323
Signature of Authorized Official Telephone
Page 53 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
No. Date Of Issuance or Source Amount Description of Cumulative
Expenditure Indebtedness Amount
incurred
Site Development FY 1996 Principal $220,648.35 1996 GO Bonds $220,648.35
MidPort Blvd. FY 1996 Principal $170,748.90 1996 GO Bonds $391,397.25
Rail Improvements FY 1996 Principal $8,682.75 1996 GO Bonds $400,080.00
Interest $205,357.39 1996 GO Bonds $605,437.39
Loan-Cedar Falls BDC Principal $10,000.00 ADVANCE $615,437.39
Interest 97-00 $1,058.63 $616,496.02
Interest FY 01 $300.00 $616,796.02
Interest FY 02 $275.00 $617,071.02
Basic Materials(AADA)FY 1997 Principal $100,000.00 ADVANCE $717,071.02
Interest 97-00 $10,561.65 $727,632.67
Interest FY 01 $3,000.00 $730,632.67
Interest FY 02 $3,000.00 $733,632.67
Interest FY 03 $3,180.82 $736,813.49
Interest FY04 $2,537.26 $739,350.75
Interest FY05 $2,400.00 $741,750.75
Interest FY06 $2,100.00 $743,850.75
Interest FY07 $1,800.00 $745,650.75
Interest FY08 $1,500.00 $747,150.75
Interest FY09 $1,200.00 $748,350.75
Interest FY10 $900.00 $749,250.75
Interest FY11 $600.00 $749,850.75
Interest FY12 $300.00 $750,150.75
MIDPORT BLVD.RISE PHASE 16/97 Principal $129,945.07 1997 GO Bonds $880,095.82
Rail Spur Improvements FY 97 Principal $116,629.00 1998 GO Bonds $996,724.82
Interest $119,366.30 1998 GO Bonds $1,116,091.12
Site Development FY 98 Principal $141,120.56 1998 GO Bonds $1,257,211.68
MidPort Blvd.FY 98 Principal $47,137.12 1998 GO Bonds $1,304,348.80
Rail Spur Improvements FY 98 Principal $77,449.07 1998 GO Bonds $1,381,797.87
Interest $66,501.79 1998 GO Bonds $1,448,299.66
Site Development FY 99 Principal $28,285.68 1999 G O Bonds $1,476,585.34
MidPort Blvd. FY 99 Principal $266,086.66 1999 G O Bonds $1,742,672.00
Sanitary Sewer FY 99 Principal $793,792.01 1999 G O Bonds $2,536,464.01
Interest $707,864.43 1999 G O Bonds $3,244,328.44
Site Development FY 00 Principal $106,524.92 2000 GO Bonds $3,350,853.36
Interest $55,651.00 $3,406,504.36
Sanitary Sewer FY 98-99 Principal $214,142.37 Advance $3,620,646.73
CB Richard Ellis Principal $210,000.00 Contract $3,830,646.73
Water Tap-WTT Principal $4,535.93 Advance $3,835,182.66
Water Tap-Adv.Heat Treat Principal $6,531.29 Advance $3,841,713.95
WTT Properties Tax Rebate TIF Rebate Agreement $3,841,713.95
100% 2001 $29,912.18 $3,871,626.13
100/ 2002 $31,504.14 $3,903,130.27
Page 1 of 11
Page 54 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
100% 2003 $32,634.15 $3,935,764.42
Clear Windows Rebate TIF Rebate Agreement $3,935,764.42
75%2004 $13,243.08 $3,949,007.50
60%2005 $0.00 $3,949,007.50
45% 2006 $14,526.00 $3,963,533.50
30% 2007 $8,715.58 $3,972,249.08
15% 2008 $2,347.20 $3,974,596.28
Advanced Heat Treat Rebate TIF Rebate Agreement $3,974,596.28
100%2002 $43,149.60 $4,017,745.88
100%2003 $44,697.34 $4,062,443.22
100% 2004 $46,099.04 $4,108,542.26
Fed Ex Tax Rebate TIF Rebate Agreement $4,108,542.26
50%2008 $24,433.25 $4,132,975.51
50%2009 $26,224.00 $4,159,199.51
50%2010 $25,916.00 $4,185,115.51
50%2011 $25,952.00 $4,211,067.51
50%2012 $25,712.00 $4,236,779.51
Criterion Tax Rebate TIF Rebate Agreement $4,236,779.51
50%2008 $3,119.76 $4,239,899.27
50%2009 $3,080.18 $4,242,979.45
50%2010 $3,036.00 $4,246,015.45
50%2011 $3,040.00 $4,249,055.45
50%2012 $3,012.00 $4,252,067.45
Advanced Heat Treat Rebate II TIF Rebate Agreement $4,252,067.45
50%2010 $37,584.00 $4,289,651.45
50%2011 $37,636.00 $4,327,287.45
50%2012 $37,288.00 $4,364,575.45
50%2013 $36,412.00 $4,400,987.45
50%2014 $34,018.00 $4,435,005.45
50%2015 $31,840.00 $4,466,845.45
50%2016 $15,648.00 $4,482,493.45
Magee Properties Rebate TIF Rebate Agreement $4,482,493.45
50%2009 $6,126.00 $4,488,619.45
50%2010 $6,054.00 $4,494,673.45
50%2011 $6,062.00 $4,500,735.45
50%2012 $6,006.00 $4,506,741.45
50%2013 $6,284.00 $4,513,025.45
Accurate Gear Rebate TIF Rebate Agreement $4,513,025.45
50%2012 $6,334.00 $4,519,359.45
50%2013 $10,888.00 $4,530,247.45
50%2014 $10,172.00 $4,540,419.45
50%2015 $8,312.00 $4,548,731.45
50%2016 $5,442.00 $4,554,173.45
ConAgra Rebate Phase II&III TIF Rebate Agreement $4,554,173.45
90%2010 $440,056.00 $4,994,229.45
90%2011 $442,012.00 $5,436,241.45
90%2012 $437,912.00 $5,874,153.45
90%2013 $426,024.00 $6,300,177.45
90%2014 $397,998.00 $6,698,175.45
90%2015 $385,712.00 $7,083,887.45
90%2016 $356,392.00 $7,440,279.45
90%2017 $351,686.00 $7,791,965.45
80%2018 $310,174.00 $8,102,139.45
80%2019 $611,938.00 $8,714,077.45
70%2020 $539,892.00 $9,253,969.45
70%2021 $558,722.00 $9,812,691.45
Page 2 of 11
Page 55 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
70%2022* $558,722.00 $10,371,413.45
60%2023* $506,692.00 $10,878,105.45
60%2024* $506,692.00 $11,384,797.45
60%2025* $506,692.00 $11,891,489.45
50%2026* $467,484.00 $12,358,973.45
50%2027* $467,484.00 $12,826,457.45
50%2028* $467,484.00 $13,293,941.45
50%2029* $241,282.00 $13,535,223.45
2030* $241,282.00 $13,776,505.45
2031* $241,282.00 $14,017,787.45
2032* $241,282.00 $14,259,069.45
2033* $211,122.00 $14,470,191.45
2034* $211,122.00 $14,681,313.45
2035* $211,122.00 $14,892,435.45
2036* $211,122.00 $15,103,557.45
2037* $211,122.00 $15,314,679.45
2038* $211,122.00 $15,525,801.45
PDCM No Steps) TIF Rebate Agreement $15,525,801.45
50%2019 $332.00 $15,526,133.45
50%2020 $354.00 $15,526,487.45
50%2021* $662.00 $15,527,149.45
50%2022* $3,662.00 $15,530,811.45
50%2023* $3,662.00 $15,534,473.45
Johnstone Supply Endeavers TIF Rebate Agreement $15,534,473.45
50%2019* $17,788.00 $15,552,261.45
50%2020* $11,264.00 $15,563,525.45
50%2021* $31,642.00 $15,595,167.45
50%2022* $21,734.00 $15,616,901.45
50%2023* $21,734.00 $15,638,635.45
Empire Enterprises TIF Rebate Agreement $15,638,635.45
50%2011 $7,390.00 $15,646,025.45
50%2012 $7,322.00 $15,653,347.45
50%2013 $7,064.00 $15,660,411.45
50%2014 $6,600.00 $15,667,011.45
50%2015 $5,156.00 $15,672,167.45
LaFor e,LLC TIF Rebate Agreement $15,672,167.45
50%2013 $32,740.00 $15,704,907.45
50%2014 $30,586.00 $15,735,493.45
50%2015 $28,712.00 $15,764,205.45
50%2016 $24,960.00 $15,789,165.45
50%2017 $23,700.00 $15,812,865.45
50%2018 $23,560.00 $15,836,425.45
50%2019 $23,774.00 $15,860,199.45
50%2020 $23,682.00 $15,883,881.45
2021* $0.00 $15,883,881.45
Schwickerath TIF Rebate Agreement $15,883,881.45
50%2013 $2,844.00 $15,886,725.45
50%2014 $2,658.00 $15,889,383.45
50%2015 $2,488.00 $15,891,871.45
50%2016 $1,598.00 $15,893,469.45
2017 $599.00 $15,894,068.45
2018 $599.00 $15,894,667.45
Tournier Manufacturing TIF Rebate Agreement $15,894,667.45
58%2013 $21,120.00 $15,915,787.45
60%2014 $20,410.00 $15,936,197.45
60%2015 $18,832.00 $15,955,029.45
Bob&Kaye Huff TKE Holdings) TIF Rebate Agreement $15,955,029.45
50%2010 $0.00 $15,955,029.45
50%2011 $0.00 $15,955,029.45
50%2012 $7,854.00 $15,962,883.45
50%2013 $4,952.00 $15,967,835.45
Page 3 of 11
Page 56 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
50%2014 $4,626.00 $15,972,461.45
Anthony&Christopher Huff TIF Rebate Agreement $15,972,461.45
50%2012 $1,458.00 $15,973,919.45
50%2013 $3,512.00 $15,977,431.45
50%2014 $3,282.00 $15,980,713.45
50%2015 $2,992.00 $15,983,705.45
50%2016 $1,844.00 $15,985,549.45
Cedar Valley Warehouse,LLC TIF Rebate Agreement $15,985,549.45
Kinzler Bldg 50%2016 $17,458.00 $16,003,007.45
50%2017 $18,902.00 $16,021,909.45
50%2018 $18,790.00 $16,040,699.45
50%2019 $19,006.00 $16,059,705.45
50%2020 $18,936.00 $16,078,641.45
2021 $16,078,641.45
Cedar Valley Warehouse II TIF Rebate Agreement $16,078,641.45
50%2020 $20,098.00 $16,098,739.45
50%2021 $22,498.00 $16,121,237.45
50%2022* $23,504.00 $16,144,741.45
50%2023* $23,504.00 $16,168,245.45
50%2024* $23,504.00 $16,191,749.45
CPM Acquisition,CorpTIF Rebate Agreement $16,191,749.45
50%2014 $10,058.00 $16,201,807.45
50%2015 $7,210.00 $16,209,017.45
50%2016 $3,880.00 $16,212,897.45
50%2017 $2,840.00 $16,215,737.45
50%2018 $3,629.00 $16,219,366.45
Howard L Allen Investments TIF Rebate Agreement $16,219,366.45
50%2015 $15,496.00 $16,234,862.45
50%2016 $12,670.00 $16,247,532.45
50%2017 $11,536.00 $16,259,068.45
50%2018 $11,470.00 $16,270,538.45
50%2019 $0.00 $16,270,538.45
M&R Iowa,LLC Fed Ex TIF Rebate Agreement $16,270,538.45
50%2020 $16,668.00 $16,287,206.45
50%2021 $0.00 $16,287,206.45
50%2022* $10,003.84 $16,297,210.29
50%2023* $10,003.84 $16,307,214.13
50%2024* $10,003.84 $16,317,217.97
H drite Chemical Co. TIF Rebate Agreement $16,317,217.97
50%2020 $31,672.00 $16,348,889.97
50%2021 $33,472.00 $16,382,361.97
50%2022* $36,578.00 $16,418,939.97
50%2023* $36,578.00 $16,455,517.97
50%2024* $36,578.00 $16,492,095.97
Koelker Properties,LLC TIF Rebate Agreement $16,492,095.97
78%2016 $11,252.00 $16,503,347.97
78%2017 $11,134.00 $16,514,481.97
78%2018 $7,572.00 $16,522,053.97
78%2019 $7,728.00 $16,529,781.97
78%2020 $7,714.00 $16,537,495.97
78%2021 $8,276.00 $16,545,771.97
75%2022* $10,634.00 $16,556,405.97
AMA Real Estate $16,556,405.97
50%2019* $16,556,405.97
50%2020* $16,556,405.97
50%2021* $16,556,405.97
50%2022* $16,556,405.97
50%2023* $16,556,405.97
Advanced Heat Treat Expansion 2018 TIF Rebate Agreement $16,556,405.97
Page 4 of 11
Page 57 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2027* $16,804.00 $16,573,209.97
2028* $16,804.00 $16,590,013.97
2029* $16,804.00 $16,606,817.97
Standard Distribution TIF Rebate Agreement $16,606,817.97
2022* $24,966.00 $16,631,783.97
2023* $24,966.00 $16,656,749.97
2024* $24,966.00 $16,681,715.97
2025* $24,966.00 $16,706,681.97
2026* $24,966.00 $16,731,647.97
Prosper Farms TIF Rebate Agreement $16,731,647.97
2022* $16,672.00 $16,748,319.97
2023* $16,672.00 $16,764,991.97
2024* $16,672.00 $16,781,663.97
2025* $16,672.00 $16,798,335.97
2026* $16,672.00 $16,815,007.97
Hartel Properties TIF Rebate Agreement $16,815,007.97
2023* $5,214.00 $16,820,221.97
2024* $4,346.00 $16,824,567.97
2025* $3,476.00 $16,828,043.97
Koelker Properties Airline Hwy) TIF Rebate Agreement $16,828,043.97
2024* $1,616.00 $16,829,659.97
2025* $1,616.00 $16,831,275.97
2026* $1,616.00 $16,832,891.97
2027* $1,616.00 $16,834,507.97
2028* $1,616.00 $16,836,123.97
A-Line ALO LLC TIF Rebate Agreement $16,836,123.97
2023* $33,010.00 $16,869,133.97
2024* $33,010.00 $16,902,143.97
2025* $33,010.00 $16,935,153.97
2026* $33,010.00 $16,968,163.97
2027* $33,010.00 $17,001,173.97
2028* $31,178.00 $17,032,351.97
2029* $31,178.00 $17,063,529.97
2030* $31,178.00 $17,094,707.97
2031* $31,178.00 $17,125,885.97
2032* $31,178.00 $17,157,063.97
2033* $29,344.00 $17,186,407.97
2034* $29,344.00 $17,215,751.97
2035* $29,344.00 $17,245,095.97
2036* $29,344.00 $17,274,439.97
2037* $29,344.00 $17,303,783.97
2038* $18,340.00 $17,322,123.97
2039* $18,340.00 $17,340,463.97
2040* $18,340.00 $17,358,803.97
2041* $18,340.00 $17,377,143.97
2042* $18,340.00 $17,395,483.97
Dahlstrom Development LLC TIF Rebate Agreement $17,395,483.97
2023* $186,728.00 $17,582,211.97
2024* $186,728.00 $17,768,939.97
2025* $186,728.00 $17,955,667.97
2026* $186,728.00 $18,142,395.97
2027* $186,728.00 $18,329,123.97
2028* $186,728.00 $18,515,851.97
2029* $186,728.00 $18,702,579.97
Page 5 of 11
Page 58 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2030* $186,728.00 $18,889,307.97
2031* $186,728.00 $19,076,035.97
2032* $186,728.00 $19,262,763.97
Professional Lawn Care TIF Rebate Agreement $19,330,251.72
2023* $13,497.55 $19,330,251.72
2024* $13,497.55 $19,330,251.72
2025* $13,497.55 $19,330,251.72
2026* $13,497.55 $19,330,251.72
2027* $13,497.55 $19,330,251.72
Logan Plaza Retail Building Principal Rebate $19,330,251.72
100%2012 $19,330,251.72
$0.00
100%2013 $0.00 $19,383,185.72
100%2014 $0.00 $19,453,531.72
100%2015 $0.00 $19,479,224.72
100%2016 $0.00 $19,553,707.72
100%2017 $0.00 $19,594,379.72
Walgreen's Principal Rebate $19,637,215.72
100%2012 $52,934.00 $19,637,215.72
100%2013 $70,346.00 $19,727,197.72
100%2014 $25,693.00 $19,815,003.72
100%2015 $74,483.00 $19,875,705.72
100%2016 $40,672.00 $19,919,203.72
100%2017 $42,836.00 $19,959,505.72
Avita Principal Rebate $19,999,387.72
100%2012 $89,982.00 $20,040,053.72
100%2013 $87,806.00 $20,080,719.72
74%2014 $60,702.00 $20,080,719.72
50%2015 $43,498.00 $20,080,719.72
50%2016 $40,302.00 $20,080,719.72
50%2017 $39,882.00 $20,080,719.72
50%2018 $40,666.00 $20,080,719.72
50%2019 $40,666.00 $20,080,719.72
CVS Pharmacy Principal Rebate $20,080,719.72
100%2016 $0.00 $20,113,315.72
100%2017 $0.00 $20,165,140.72
100%2018 $0.00 $20,188,806.12
100%2019 $0.00 $20,199,875.12
100%2020* $0.00 $20,207,512.82
100%2021* $0.00 $20,225,012.82
Paramount Investments Principal Rebates $20,425,012.82
2021 $3,484.00 $20,501,621.82
2022* $3,672.00 $20,399,133.82
2023* $4,188.00 $20,360,244.82
2024* $4,188.00 $20,460,244.82
2025* $4,188.00 $20,486,421.82
2026* $4,188.00 $20,431,062.95
2027* $4,188.00 $20,416,572.95
Cedar Valley Economic Development Principal $4,500.00 Contract $20,375,106.02
Midport Sign Fund 412 Principal $51,825.00 412 GO Bonds $20,501,621.82
Interest $23,665.40 412 GO Bonds $20,399,133.82
Midport Sign Fund 411 Principal $11,069.00 411 GO Bonds $20,360,244.82
Page 6 of 11
Page 59 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
Interest $7,637.70 411 GO Bonds $20,460,244.82
Cedar Valley FY2004 Principal $17,500.00 Contract $20,486,421.82
Fund 413 Taxable Principal $200,000.00 413 GO Bonds $20,431,062.95
Interest $76,609.00 $20,416,572.95
Fund 413 Taxable-Reallocate out of Principal ($102,488.00) 413 GO Bonds $20,375,106.02
Midport Interest ($38,889.00) $20,364,250.02
Fund 413 Tax Exempt Principal $100,000.00 413 GO Bonds $20,365,250.02
Interest $26,177.00 $20,365,738.02
Fund 413 Tax Exempt-Reallocate out of Principal ($55,358.87) 413 GO Bonds $20,383,238.02
Midport Interest ($14,490.00) $20,400,738.02
Fund 413 Tax Exempt-Reallocate to Principal ($41,466.93) 413 GO Bonds $20,418,238.02
Chamberlain Interest ($10,856.00) $20,450,238.02
Fund 414 Taxable-Reallocate out of NE Ind Principal $1,000.00 414 GO Bonds $20,482,238.02
Park Interest $488.00 $20,514,238.02
Greater Cedar Valley Alliance FYE2005 Principal $17,500.00 Contract $20,523,738.02
Greater Cedar Valley Alliance FYE2006 Principal $17,500.00 Contract $20,539,905.02
Greater Cedar Valley Alliance FYE2007 Principal $17,500.00 Contract $20,563,905.02
Greater Cedar Valley Alliance FYE2008 Principal $32,000.00 Contract $20,580,071.69
Greater Cedar Valley Alliance FYE2009 Principal $32,000.00 Contract $20,639,405.02
Greater Cedar Valley Alliance FYE2010 Principal $32,000.00 Contract $20,655,571.69
Greater Cedar Valley Alliance FYE2011 Principal $9,500.00 Contract $20,501,580.69
Greater Cedar Valley Alliance FYE2012 principal $16,167.00 Contract $20,476,394.69
Greater Cedar Valley Alliance FYE2013 Principal $24,000.00 Contract $19,994,178.69
Greater Cedar Valley Alliance FYE2014 Principal $16,166.67 Contract $19,820,211.69
Greater Cedar Valley Alliance FYE2015 Principal $59,333.33 Contract $19,975,262.69
Greater Cedar Valley Alliance FYE2016 Principal $16,166.67 Contract $19,997,659.69
1998 GO Bonds Refinanced-Deduct Old Principal $153,991.00 1998 GO Bonds $20,483,199.69
Debt Service Interest ($25,186.00) $20,619,090.69
1999 GO Bonds Refinanced-Deduct Old Principal $482,216.00 1999 GO Bonds $20,597,773.69
Debt Service Interest ($173,967.00) $20,592,933.93
1998 GO Bonds Refinanced-2007 Add New Principal $155,051.00 2007 GO Bonds $20,606,430.93
Debt Service Interest $22,397.00 $20,610,750.93
1999 GO Bonds Refinanced-2007 Add New Principal $485,540.00 2007 GO Bonds $20,375,999.93
Debt Service Interest $135,891.00 $20,348,141.93
2000 GO Bonds Refinanced-Deduct Old principal ($21,317.00) $20,582,892.93
Debt Service Interest ($4,839.76) $20,603,666.93
2000 GO Bonds Refinanced-2007 Add New principal $13,497.00 $20,758,666.93
Debt Service Interest $4,320.00 $20,796,210.19
2007 GO Bonds Refinanced-Deduct Old principal ($234,751.00) 2007 GO Bonds $21,318,755.44
Debt Service interest ($27,858.00) $21,441,390.24
2007 GO Bonds Refinanced-2014 Add New principal $234,751.00 2014 GO Bonds $21,460,988.32
Debt Service interest $20,774.00 $21,467,933.96
Fund 409 Taxable Principal $155,000.00 2009 GO Bonds $21,557,933.96
Interest $37,543.26 $21,589,253.96
Land Acquisition 6/1/2004 Principal $522,545.25 $21,639,253.96
Interest $122,634.80 Contract $21,664,910.78
Misc.Improvements FY2002 Bonds Principal $19,598.08 $21,704,910.78
Interest $6,945.64 2002 GO Bonds $21,722,146.80
Hy Vee Lease FY2005 Principal $90,000.00 $21,772,146.80
Interest $31,320.00 2005 GO Bonds $21,789,874.80
Hy Vee Lease&Misc Improvements Fund JPrincipal 1 $50,000.00 $21,864,874.80
Page 7 of 11
Page 60 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
406 taxable Interest $25,656.82 —vv vV1L�J $21,888,624.80
Logan TIF Improvements Fund 414 taxable Principal $40,000.00 $21,988,624.80
Interest $17,236.02 2004 GO Bonds $22,006,780.08
Logan TIF Improvements Fund 407 Principal $50,000.00 $22,436,780.08
Interest $17,728.00 2007 GO Bonds $22,497,476.47
Logan TIF Improvements Fund 408 Taxable Principal $75,000.00 $22,483,714.33
Interest $23,750.00 2008 GO Bonds $22,480,541.20
Logan TIF Improvements Fund 410 Principal $100,000.00 $22,494,569.36
Interest $18,155.28 2010 GO Bonds $22,496,214.94
Logan TIF Improvements Fund 414 Taxable Principal $430,000.00 $22,474,881.63
Interest $60,696.39 2014 GO Bonds $22,469,358.96
2002 GO Bonds Refinanced-Deduct Old Principal ($13,762.14) $22,490,692.27
Debt Service Interest ($3,173.13) 2002 GO Bonds $22,492,945.55
2002 GO Bonds Refinanced-Add New Debt Principal $14,028.16 $22,462,195.55
Service-Fund 410 Interest $1,645.58 2010 GO Bonds $22,454,248.49
2004 GO Bonds Refinanced(Fund 414)- Principal ($21,333.31) $22,484,998.49
Deduct Old Debt Service Interest ($5,522.67) 2004 GO Bonds $22,487,892.69
2004 GO Bonds Refinanced(Fund 414)- Principal $21,333.31 $22,412,892.69
Add New Debt Service-Fund 411 Interest $2,253.28 2011 GO Bonds $22,389,142.69
2006 GO Bonds Refinanced(Fund 406)- Principal ($30,750.00) $22,370,001.89
Deduct Old Debt Service Interest ($7,947.06) 2006 GO Bonds $22,363,215.33
2006 GO Bonds Refinanced(Fund 406)- Principal $30,750.00 $22,308,215.33
Add New Debt Service-Fund 413(2013) Interest $2,894.20 2013 GO Bonds $22,296,695.33
2008 GO Bonds Reallocated to San Marnan- Principal ($75,000.00) $22,351,695.33
FY11 Interest ($23,750.00) 2008 GO Bonds $22,357,119.34
2007 GO Bonds Reallocated to San Marnan- Principal ($19,140.80) $22,437,119.34
FY11 Interest ($6,786.56) 2008 GO Bonds $22,452,006.01
2005 GO Bonds Refinanced(Fund 405)- Principal ($55,000.00) $22,452,006.01
Deduct Old Debt Service Interest ($11,520.00) 2005 GO Bonds $22,452,006.01
2005 GO Bonds Refinanced(Fund 405)- Principal $55,000.00 $23,452,028.01
Add New Debt Service-Fund 412(2012) Interest $5,424.01 2013 GO Bonds $24,452,238.01
GO Bonds Series 2019A Principal $80,000.00 2019 GO Bonds $25,452,238.01
Interest $14,886.67 $26,452,283.01
North Crossing-Stroh Principal and Contract $27,452,283.01
2017 Interest $0.00 $28,452,283.01
2018 $1,000,022.00 $29,452,283.01
2019 $1,000,210.00 $30,452,283.01
2020 $1,000,000.00 $30,452,283.01
2021 $1,000,045.00 $30,454,683.01
2022* $1,000,000.00 $30,458,917.01
2023* $1,000,000.00 $30,463,593.01
2024* $1,000,000.00 $30,463,593.01
2025* $1,000,000.00 $30,479,411.01
N&S Property LLC Advance Rebates $30,505,895.01
2019 $2,400.00 $30,533,585.01
2020 $4,234.00 $30,563,509.01
2021 $4,676.00 $30,593,433.01
Page 8 of 11
Page 61 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
KWWL Television Advance Rebates $30,623,357.01
2019 $15,818.00 $30,653,281.01
2020 $26,484.00 $30,683,205.01
2021 $27,690.00 $30,713,129.01
2022* $29,924.00 $30,743,053.01
2023* $29,924.00 $30,743,053.01
2024* $29,924.00 $30,755,639.01
2025* $29,924.00 $30,768,225.01
2026* $29,924.00 $30,780,811.01
2027* $29,924.00 $30,793,397.01
2028* $29,924.00 $30,805,983.01
Avita Expansion 2017 Advance Rebates $30,805,983.01
2021* $12,586.00 $30,936,305.01
2022* $12,586.00 $31,068,309.01
2023* $12,586.00 $31,200,313.01
2024* $12,586.00 $31,332,317.01
2025* $12,586.00 $31,464,321.01
North Crossing LLC Advance Rebates $31,596,325.01
2021 $130,322.00 $31,728,329.01
2022* $132,004.00 $31,860,333.01
2023* $132,004.00 $31,992,337.01
2024* $132,004.00 $32,124,341.01
2025* $132,004.00 $32,124,341.01
2026* $132,004.00 $32,161,487.01
2027* $132,004.00 $32,198,633.01
2028* $132,004.00 $32,235,779.01
2029* $132,004.00 $32,270,741.01
2030* $132,004.00 $32,305,703.01
GBG LLC Advance Rebates $32,340,665.01
2023* $37,146.00 $32,375,627.01
2024* $37,146.00 $32,724,645.35
2025* $37,146.00 $32,739,012.53
2026* $34,962.00 $32,953,475.53
2027* $34,962.00 $33,065,093.53
2028* $34,962.00 $33,028,268.53
2029* $34,962.00 $32,882,095.87
Welter Purchase Principal $349,018.34 Advance $32,919,186.89
WIDA Purchase Principal $14,367.18 Advance $32,994,992.03
LaFor e Grant Principal $214,463.00 Advance $33,094,977.03
FAA Land Release Principal $111,618.00 Advance $33,316,327.03
2002 GO Bonds Refinanced-Deduct Old Principal $36,825.00 1999 GO Bonds $33,372,902.53
Debt Service Interest ($146,172.66) $33,644,484.53
2002 GO Bonds Refinanced-Add New Debt Principal $37,091.02 2010 GO Bonds $33,718,352.53
Service-Fund 410 Interest $75,805.14 $33,747,668.82
Standard Trucking Grant Principal $99,985.00 Advance $33,749,668.82
Cedar Valley Warehouse,LLC Grant Principal $221,350.00 Advance $33,749,668.82
Andrew Lusson Grant Principal $56,575.50 Advance $33,751,668.82
CV Warehouse,LLC Grant II Principal $271,582.00 Advance $33,751,668.82
MMC Properties Grant Principal $73,868.00 Advance $33,754,713.65
MidPort Airport Land Release Principal $29,316.29 Advance $33,855,318.15
Geraldine Rd RISE Grant Application Principal $2,000.00 Advance $33,855,832.83
Page 9 of 11
Page 62 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
INRCOG $33,857,501.86
MidPort Blvd-Airline Hwy Appraisal Principal $2,000.00 Advance $33,870,197.36
$34,136,845.67
Brownfield Assessment Grant Application Principal $3,044.83 Advance $34,738,382.67
3730 Wagner Rd Acquisition Principal $100,604.50 Advance $34,738,949.17
Airport Release of Property Principal $514.68 Advance $34,747,287.45
Airport Release of Property FYE16 Principal $1,669.03 Advance $34,756,287.45
Geo-Tech ESAS Principal $12,695.50 Advance $35,210,287.45
Endeavors Grant Principal $266,648.31 Advance $35,211,461.45
Con Agra Grant Principal $601,537.00 Advance $35,249,901.45
Con Agra Grant FYE16 Principal $566.50 Advance $35,251,901.45
Administrative Expenses Principal $8,338.28 Advance $35,295,419.76
Administrative Expenses FYE16 Principal $9,000.00 Advance $35,298,209.10
AMA Real Estate Principal $454,000.00 Advance $35,308,239.74
AMA Real Estate Purchase FYE 16 Principal $1,174.00 Advance $35,308,849.84
Wagner Rd Platting Principal $38,440.00 Advance $35,316,849.84
RISE Grant Application Principal $2,000.00 Advance $35,344,849.84
MidPort Blvd Phase III Construction Principal $43,518.31 Advance $35,364,849.84
Midport BF Assessment Grant FY16 Principal $2,789.34 Advance $35,366,049.84
TIF Merger Misc Dev.FYE 2016 Principal $10,030.64 Advance $35,368,049.84
CVS Principal $610.10 Advance $35,370,049.84
Government Relations Contract FY12 Principal $8,000.00 Advance $35,402,222.34
Government Relations Contract FY13 Principal $28,000.00 Advance $35,410,653.11
Government Relations Contract FY14 Principal $20,000.00 Advance $35,411,153.11
E 2nd St&Walnut St Appraisal Principal $1,200.00 Advance $35,411,653.11
619 Franklin St Appraisal Principal $2,000.00 Advance $35,420,153.11
222 Walnut St Appraisal Principal $2,000.00 Advance $35,479,277.11
401409 Franklin St Acquisition Principal $32,172.50 Advance $35,529,277.11
Administrative Expenses Principal $8,430.77 Advance $35,738,877.11
Institute For Decision Making Contract FY15 Principal $500.00 Advance $35,749,438.54
Greater Cedar Valley Alliance Contract FYE I Principal $500.00 Advance $35,842,966.34
Administrative Expenses FYE 2016 Principal $8,500.00 Advance $35,859,133.02
KWWL Parking Lot Acq.FY17 Principal $59,124.00 Contract $36,410,836.71
Buxton-Logan Plaza Principal $50,000.00 Contract $36,516,010.62
Airport Release Property FY17 Principal $209,600.00 Advance $36,519,010.62
Administrative Expenses FY17 Principal $10,561.43 Advance $36,524,946.62
Midport Blvd Phase III Rise Grant applicantii Principal $93,527.80 Advance $36,561,307.78
GCVA FY17 Principal $16,166.68 Advance $36,589,641.10
Wagner Rd San Swr Ext FY17 Principal $551,703.69 Advance $36,606,088.29
Leversee Rd Development Principal $105,173.91 Advance $36,636,048.67
Midport BF Planning Grant Principal $3,000.00 Advance $37,184,614.67
Midport Admin Expenses Principal $5,936.00 Advance $37,538,265.67
Wagner Rd Sewer Ext FY18 Principal $36,361.16 Advance $37,566,278.67
GCVA FY18 Principal $28,333.32 Advance $37,582,322.02
Midport Salaries FY2018 Principal $16,447.19 Advance $37,632,322.02
Leversee Rd Development FY18 Principal $29,960.38 Advance $37,632,322.02
Central Property Holdings Grant FY2018 Principal $548,566.00 contract $37,639,559.02
House of Hope Grant FY2018 Principal $353,651.00 contract $37,690,571.02
Habitat for Humanity Grant FY18 Principal $28,013.00 Contract $37,712,899.32
Salaries FY2018 Advance $16,043.35 Advance $37,829,964.43
Buxton FY18 Principal 1 $50,000.00 1 Contract $37,868,926.43
North Crossing-Stroh JPrincipal 1 $0.00 1 Contract $37,877,582.38
Page 10 of 11
Page 63 of 254
Cumulative as of June 30,2021
Project Designation: East Waterloo Unified Tax Increment Financing District
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
Administrative Expenses FY18 Advance $7,237.00 Advance $37,881,282.38
AMA Land Purchase FY19 Principal $51,012.00 Advance $37,893,772.97
Wagner Road Sewer Extension FY19 Principal $22,328.30 Advance $37,895,903.97
Leversee Road Development FY19 Principal $117,065.11 Advance $37,924,237.31
Gladys Properties Land Purchase FY19 Principal $38,962.00 Advance $37,944,543.96
Airline Hwy San Sewer Ext FY 19 Principal $8,655.95 Advance $37,954,728.96
Claassen Engineering Survey FY19 Principal $3,700.00 Advance $37,966,680.08
AECOM Wagner Rd LOMR-F Development I Principal $12,490.59 Advance $37,984,726.18
Helland Engineering Survey/Platting Airline Principal $2,131.00 Advance $37,987,190.88
GROW Cedar Valley FY19 Frincipal $28,333.34 Advance $37,990,286.95
Midport Salaries FY19 Principal $20,306.65 Advance $37,992,576.65
Midport Admin Expenses FY19 Principal $10,185.00 Advance $38,102,528.65
Louis Berger Walnut Survey FY 19 Principal $11,951.12 Contract $38,152,528.65
Via Rail Public Safety Improv FY 19 Principal $18,046.10 Contract $38,302,528.65
220 Ester St Acq FY19 Principal $2,464.70 Contract $38,314,413.17
1850 Logan Ave Acq FY 190 Principal $3,096.07 Contract $38,095,508.70
Logan Administrative Expenses FY19 Advance $2,289.70 Advnace $38,106,189.95
KWWL Purchase FY19 Principal $109,952.00 Contract $38,256,189.95
Logan Plaza Buxton FY 19 Principal $50,000.00 Contract $38,280,365.95
Central Property Holdings Grants FY19 Principal $150,000.00 Contract $38,290,809.56
Logan Salaries FY19 advance $11,884.52 Advance $44,983,931.32
Lewis Berger Walnut Survey FY20 Principal $1,743.88 Advance $44,983,931.32
Administrative Expenses FY20 Advance $10,681.25 Advance $44,983,931.32
Central Property Holdings Grant FY20 Principal $150,000.00 Advance $44,983,931.32
Logan Access Road FY20 Advance $24,176.00 Advance $44,983,931.32
Salaries FY20 Advance $10,443.61 Advance $44,983,931.32
Leversee Road Development FY20 Principal $124,135.22 Advance $44,983,931.32
Airline Hwy San Sewer Ext FY 20 Principal $10,468.48 Advance $44,983,931.32
Air&Rail Park Treet Clear FY20 Principal $117,060.00 Advance $44,983,931.32
GROW Cedar Valley FY20 Principal $16,167.34 Advance $44,983,931.32
Midport Salaries FY20 Principal $14,370.67 Advance $44,983,931.32
Midport Administrative Ex FY 20 Principal $10,464.22 Advance $44,983,931.32
Administrative Expenses Logan FY21 Advance $5,311.00 Advance $44,983,931.32
ED Grant 314 Clay Street Logan FY 21 Advance $5,000.00 Advance $44,983,931.32
North Crossing Platting and Design FY21 Advance $24,500.00 Advance $44,983,931.32
Demolition Costs Logan FY 21 Advance $234,490.00 Advance $44,983,931.32
Salaries Logan FY21 Advance $13,814.69 Advance $44,983,931.32
Leversee Road Development FY21 Principal $3,899.00 Advance $44,983,931.32
Airline Hwy San Sewer Ex FY21 Principal $185,765.05 Advance $44,983,931.32
AECOM Airport Water Main Improvements Principal $331,101.47 Advance $44,983,931.32
MidAmerican Electric Lines WARP FY21 Principal $327,736.50 Advance $44,983,931.32
CGA Leversee Rd Sewer Contract 987 Principal $1,325,089.99 Advance $44,983,931.32
Leversee Rd Lift Station Contract 983 Principal $696,788.26 Advance $44,983,931.32
Warp RISE contract 977 FY21 Principal $770,600.26 Advance $44,983,931.32
Hyper Drive Contract 1051 Principal $948,327.40 Advance $44,983,931.32
GROW Cedar Valley FY 21 Principal $12,125.00 Advance $44,983,931.32
Midport Salaries FY21 Principal $20,710.86 Advance $44,983,931.32
Midport Administrative Ex FY 21 Principal $4,548.00 Advance $44,983,931.32
CPM Grant Principal $1,270,000.00 Advance $44,983,931.32
Principal Advance $44,983,931.32
Principal Advance $44,983,931.32
Principal Advance $44,983,931.32
*Estimated
Page 11 of 11
Page 64 of 254
CITY OF WATERLOO
Council Communication
Resolution approving certification to the Black Hawk County Auditor for expenditures that qualify for
reimbursement in the FY 2021 Northeast Industrial Park Urban Renewal and Redevelopment Tax Increment
District, and place the certification on file.
City Council Meeting: 11/29/2021
Prepared: 11/2/2021
ATTACHMENTS:
Description Type
❑ NE Industrial Park Backup Material
Resolution approving certification to the Black Hawk County Auditor for
SUBJECT: expenditures that qualify for reimbursement in the FY 2021 Northeast
Industrial Park Urban Renewal and Redevelopment Tax Increment District,
and place the certification on file.
Submitted by: Submitted By:Noel Anderson. Community Planning and Development
Director
Recommended Action: Approve
In accordance with the amended provision of the State Code of Iowa, it is
Summary Statement: required that the City of Waterloo annually certify to the County Auditor its
expenditures that qualify for reimbursement from the tax increment fund.
The city has established several TIF Districts for community development.
Neighborhood Impact: The certification of expenditures incurred in each TIF District is required to
be filed with Black Hawk County in order to collect the TIF revenue.
Data/Analysis and Strategies: Economic Development
Expenditure Required/Source of None
Funds:
Page 65 of 254
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*: $ 1,718,873
*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 T 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 $62,363 in debt reductions and revenue adjustments using Form 3 that did not
carry to this form. Net debt outstanding at 6/30/2021 should be$3,991,019.67
Dated this day of November 2021
319.291.4323
-Signature of Authorized Official Telephone
Page 66 of 254
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)
—11
Individual TIF Indebtedness Type/Description/Details: I Date Approved*: Total Amount:
1. Salaries FY21 : $9,193.01 06/21/2021 9,193
n'X'this box if a rebate agreement. List administrative details on lines above.
2. Administrative Expenses:$5,035.00 06/07/2021 5,035
FI'X'this box if a rebate agreement. List administrative details on lines above.
3. GROW Cedar Valley$60,750 12/14/2020 60,750
FI'X'this box if a rebate agreement. List administrative details on lines above.
4. Land Survey for Wetlands MMS$2,381.63 11/4/2019 2,382
FjW this box if a rebate agreement. List administrative details on lines above.
5. MLK Wetlands AECOM Contract 20Q/1005$17,079.01 9/23/2019 55,155
rl'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: - 132,515
*"Date Approved"is the date that the local governing body initiallyapproved the TIF'indebtedness.
Page 67 of 254
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: Date Approved*: Total Amount:
6. 4FI Properties Con-Trot Rebate Agreement 4/6/2020 1,520,208
Rebates @ 50%for 8 years.
xj'Xthis box if a rebate agreement. List administrative details on lines above.
7. 2013A GO Bonds Refinanced 2021A 06/07/2021 10,288
Principal: $10,000.00
Interest:288.33
n'X'this box if a rebate agreement. List administrative details on lines above.
8. 2013B GO Bonds Refinanced 20216 06/07/2021 50,193
Principal: $50,000
Interest:192.71
n'X'this box if a rebate agreement. List administrative details on lines above.
9. 2021 B GO Bonds New Money 06/07/2021 5,009
Principal: $5,000.00
Interest: $9.42
[_JXthis box if a rebate agreement. List administrative details on lines above.
10.Administrative Expenses: $660 6/21/2021 660
FIXthis 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: 1,586,358
*"Date Approved"is the date that the local governing body initially approved the TIF indebtedness.
Page 68 of 254
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 less 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 Amount
Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Tax: Requested:
They City wants to receive this amount of TIF increment from NE Site TIF 129,405
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 69 of 254
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: Amount
Reduced:
2013 GO Bond REFUNDED 2021 B:$52,012.50 52,013
2013 GO Bond REFUNDED 2021A$10,350.02 10,350
Land Survey Wetlands MMS Contr 20P 300
Total Reduction In Indebtedness For This Urban Renewal Area: 62,663
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 70 of 254
Schedule"1"
Cumulative as of June 30,2021
Project Designation:
Northeast Industrial Area Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2)
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 Principal $347,400.00 Agreement $1,170,752.09
2000-$126,796.00
2001-$63,203.00
2002-$110,908.00
2003-$46,492.50
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%2004 $18,402.00 $1,542,685.64
45%2005 $16,027.56 $1,558,713.20
30%2006 $0.00 $1,558,71320
15%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 2001 G.O.Bonds $1,997,004.73
Interest $3,450.00 $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
Func1412-Construction Principal $48,630.00 $2,303,916.41
2002 G.O.Bonds
Interest $21,873.141 $2,325,789.55
Fund 412-RISE Application Principal $4,500.00 $2,330,289.55
Interest $3,139.00 2002 G.O.Bonds $2,333,428.55
WIDA FY 2003 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 $9,50o.00l 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 $461,864.00 $9,772,001.73
FY2011 $462,500.00 $10,234,501.73
FY2012 $458,210.00 $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
FY20081 Interest $2,499.56 $12,377,666.96
Page 71 of 254
Schedule'T'
Cumulative as of June 30,2021
Project Designation:
Northeast Industrial Area Tax Increment Redevelopment Area
Schedule
Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2)
OFI Properties Principal TIF Tax Rebate $12,377,666.96
50%FY2009 $52,758.13 $12,430,425.09
50%FY2010 $54,310.00 $12,484,735.09
50%FY2011 $54,384.00 $12,539,119.09
50%FY2012 $53,880.00 $12,592,999.09
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
GMJ2Industries,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
4FI Properties(ConTrol) Principal TIF Tax Rebate $12,810,539.09
2024* $190,026.00 $13,000,565.09
2025* $190,026.00 $13,190,591.09
2026* $190,026.00 $13,380,617.09
2027* $190,026.00 $13,570,643.09
2028* $190,026.00 $13,760,669.09
2029* $190,026.00 $13,950,695.09
2030* $190,026.00 $14,140,721.09
2031* $190,026.00 $14,330,747.09
1999 GO Bonds Refinanced-Deduct Principal ($208,847.00) 1999 G.O.Bonds $14,121,900.09
Old Debt Service Interest ($75,344.00) $14,046,556.09
2007 GO Bonds-1999 GO Bonds Principal $210,281.00 2007 G.O.Bonds $14,256,837.09
Refinanced-Add New Debt Svc Interest $55,851.00 $14,315,688.09
2007 GO Bonds Refinanced-Deduct Principal ($101,668.00) 2007 G.O.Bonds $14,214,020.09
Old Debt Service Interest ($12,064.00) $14,201,956.09
2014 GO Bonds-2007 GO Bonds Principal $96,598.00 2014 G.O.Bonds $14,298,554.09
Refinanced-Add New Debt Svc Interest $5,997.00 $14,307,551.09
Fund 414 Taxable Reallocate Bonds Principal ($69,651.07) 2004 G.O.Bonds $14,237,900.02
for NE Site Projects-2005 Interest ($34,007.24) $14,203,892.78
2001 GO Bonds Refinanced-Deduct Interest ($33,048.06) 2001 G.O.Bonds $14,170,844.72
2009 GO Bonds-2001 GO Bonds Interest $9,046.22 2009 G.O.Bonds $14,179,890.94
Veterans Ent Grant Principal $207,093.00 Advance $14,386,983.94
2002 GO Bonds Refinanced-Deduct Principal ($35,000.00) 1999 G.O.Bonds $14,351,983.94
Old Debt Service Interest ($6,250.00) $14,345,733.94
2010 GO Bonds-2002 GO Bonds Principal $35,266.02 2007 G.O.Bonds $14,380,999.96
Refinanced-Add New Debt Svc Interest $3,241.251 $14,384,241.21
2004 GO Bonds Refinanced(Fund Principal ($2,175,000.00) 1999 G.O.Bonds $12,209,241.21
414)-Deduct Old Debt Service Interest ($600,422.50) $11,608,818.71
2011 GO Bonds-2004 GO Bonds Principal $2,175,000.00 2011 G.O.Bonds $13,783,818.71
Refinanced Interest $278,885.44 $14,062,704.15
R&B Enterprises Principal $7,000.00 Advance $14,069,704.15
McCloud Legal Expenses Principal $258.75 Advance $14,069,962.90
FY15 Administrative Expenses Principal $3,089.46 Advance $14,073,052.36
2013 GO Bonds-Taxable Principal $220,000.00 2013 G.O.Bonds $14,293,052.36
Interest $30,028.19 $14,323,080.55
2013 GO Bonds REFUNDED 2021B Principal ($50,000.00) 2013 G.O.Bonds $14,273,080.55
Interest ($2,012.50) $14,271,068.05
2013 GO Bonds-Non Taxable Principal $50,000.00 2013 G.O.Bonds $14,321,068.05
Interest $5,775.09 $14,326,843.14
2013 Go Bonds REFUNDED 2021A Principal ($10,000.00) 2013 G.O.Bonds $14,316,843.14
Interest ($350.02) $14,316,493.12
2014 GO Bonds-Taxable Principal $315,000.00 2014 G.O.Bonds $14,631,493.12
Interest $46,697.50 $14,678,190.62
2020 GO Bonds(Taxable)Control Principal $1,515,000.00 2020 GO Bonds $16,193,190.62
Grant Interest $158,423.03 $16,351,613.65
2020 GO Bonds(Tax Exempt) Principal $200,000.00 2020 GO Bonds $16,551,613.65
Wetlands Restoration Interest $28,258.89 $16,579,902.54
2013A GO Bonds Refinanced 2021A Principal $10,000.00 2021 G.O.Bonds $16,589,902.54
Interest $258.33 $16,590,190.87
2013B GO Bonds Refinanced 2021B Principal $50,000.00 2021 G.O.Bonds $16,640,190.87
Interest $192.71 $16,640,383.58
2021B GO Bonds New Money Principal $5,000.00 2021 G.O.Bonds $16,645,383.58
Interest $9.42 $16,645,393.00
JOE Engineering Platting Services Principal $0.001 Contract $16,645,393.00
JOE Engineering Roadway Principal $80,400.00 $16,725,793.00
Construction Design Contract
JDE Engineering Sewer and Water Advance $112,500.00 Contract $16,838,293.00
Main Construction CRS
FY16 NE San Sewer,Water Main Principal $1,211,318.00 Contract $18,049,611.00
FYE2016 Admin Expenses Advance $4,500.00 $18,054,111.00
Willard Frost Land Acquisition Principal $1,299,097.00 Contract $19,353,208.00
JOE Engineering Design Principal $93,500.00 Contract $19,446,708.00
JOE Engineering CRS Principal $113,160.00 Contract $19,559,868.00
FY17 Administrative Expenses Advance $10,650.06 Advance $19,570,518.06
FY17 NE Site Grading Principal $966,707.20 Contract $20,537,225.26
Page 72 of 254
Schedule'T'
Cumulative as of June 30,2021
Project Designation:
Northeast Industrial Area Tax Increment Redevelopment Area
Schedule
Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2)
FY17 Via Rail Engineering,Inc. Principal $56,307.28 Contract $20,593,532.54
FY17 Great Plains Surveying Principal $32,101.00 Contract $20,625,633.54
FY18 Great Plains,Terracon Principal $8,781.50 $20,634,415.04
Remove of JDE Contract-cancelled Principal ($67,176.25) $20,567,238.79
Administrative Expenses Advance $3,474.00 Advance $20,570,712.79
Salaries Advance $15,322.52 Advance $20,586,035.31
GROW Cedar Valley FY2019 Advance $28,333.34 Advance $20,614,368.65
NE Road San Sewer,Water Main Advance ($9,704.17) $20,604,664.48
Design&CSR Advance
NE Grading Contract 926 Advance $172,327.44 Advance $20,776,991.92
Land Survey Wetlands MMS Advance $18,500.00 Advance $20,795,491.92
Newell St Improvements Advance $98,200.00 Advance $20,893,691.92
1031 Rottinghause Land Acquisition Advance $285,362.00 $21,179,053.92
Advance
Administrative Expenses FY19 Advance $427.00 Advance $21,179,480.92
Salaries FY19 Advance $12,462.90 Advance $21,191,943.82
GROW Cedar Valley FY2019 Advance $16,166.34 Advance $21,208,110.16
Land Survey Wetlands MMS FY20 Advance $6,271.34 Advance $21,214,381.50
Newell St Improv.Cont 991 FY20 Advance ($44,304.65) Advance $21,170,076.85
NE Grading Contract 926 Advance ($171,337.08) Advance $20,998,739.77
NE Sewer,water,Contract 900 Advance $98,333.50 Advance $21,097,073.27
MLK Wetlands AECOM Contract Advance $54,344.99 $21,151,418.26
20Q/1005 FY20 Advance
Land Acq Petcor N.A.FY 20 Advance $14,243.14 Advance $21,165,661.40
Salaries FY20 Advance $10,725.17 Advance $21,176,386.57
Administrative Expenses FY20 Advance $9,392.50 Advance $21,185,779.07
GROW Cedar Valley FY21 Advance $60,750.00 Advance $21,246,529.07
Land Survey Wetlands MMS FY21 Advance $2,381.63 Advance $21,248,910.70
MLK Wetlands AECOM Contract Advance $55,155.01 $21,304,065.71
20Q/1005 FY21 Advance
Admin Expenses FY21 Advance $5,035.00 Advance $21,309,100.71
Salaries Advance $9,193.01 Advance $21,318,293.72
Administrative Expenses#2 FY22 Advance $660.00 Advance $21,318,953.72
Land Survey Wetlands MMS Cont Advance ($300.00) $21,318,653.72
20P Advance
$21,318,653.72
$21,318,653.72
Page 73 of 254
CITY OF WATERLOO
Council Communication
Resolution approving certification to the Black Hawk County Auditor for expenditures that qualify for
reimbursement in the FY 2021 Crossroads Waterloo Tax Increment District, and place the certification on file.
City Council Meeting: 11/29/2021
Prepared: 11/2/2021
ATTACHMENTS:
Description Type
❑ Crossroads State Cert Forms Backup Material
Resolution approving certification to the Black Hawk County Auditor for
SUBJECT: expenditures that qualify for reimbursement in the FY 2021 Crossroads
Waterloo Tax Increment District, and place the certification on file.
Submitted by: Submitted By:Noel Anderson, Community Planning and Development
Director
Recommended Action: Approve
In accordance with the amended provision of the State Code of Iowa, it is
Summary Statement: required that the City of Waterloo annually certify to the County Auditor its
expenditures that qualify for reimbursement from the tax increment fund.
This TIF District has no expenses to certify.
The city has established several TIF Districts for community development.
Neighborhood Impact: The certification of expenditures incurred in each TIF District is required to
be filed with Black Hawk County in order to collect the TIF revenue. This
TIF District has no expenses to certify.
Data/Analysis and Strategies: Economic Development
Implementation,Accountability, N/A
and Communication:
Expenditure Required/Source of None
Funds:
Page 74 of 254
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 Crossroads Urban Renewal
Urban Renewal Area Number: 07044 (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*: $ 18,634
*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:
lease note that reductions of$39,246 were made to Form 3 that did not carry to this page.
Net outstanding debt as of June 30, 2021 should be $1,447,103.40.
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 75 of 254
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 Crossroads Urban Renewal
Urban Renewal Area Number: 07044 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Club Carwash Development Agreement 05/03/2021 18,632
Rebates
1-year @70%
xx'X'this box if a rebate agreement. List administrative details on lines above.
2. Dupaco Development Agreement 10/26/2015 2
Increase Rebate of$2.00
xj'X'this box if a rebate agreement. List administrative details on lines above.
3.
FI'X'this box if a rebate agreement. List administrative details on lines above.
4.
R'X'this box if a rebate agreement. List administrative details on lines above.
5.
FIX 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: 18,634
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 76 of 254
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 Crossroads Urban Renewal
Urban Renewal Area Number: 07305 (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: Amount
Reduced:
Fairfield Inn Rebate Adjustment Decrease: $7,720 7,720
Crossing Point Rebate Adjustment Decrease: $31,526 31,526
Total Reduction In Indebtedness For This Urban Renewal Area: 39,246
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 77 of 254
Exhibit"A"
June 30,2021
Project Designation: Crossroads Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 03.19(2)
DATE OF
NO. ISSUANCE OR SOURCE DESCRIPTION OF INDEBTNESS Cumulative
Amount
EXPENDITURE
AMOUNT INCURRED
Crossing Point 50%2016 Rebate $51,230.00 Rebate $51,230.00
50%2017 $103,004.00 $154,234.00
50%2018 $140,606.00 $294,840.00
50%2019 $165,168.00 $460,008.00
50%2020 $167,422.00 $627,430.00
50%2021 $176,156.00 $803,586.00
50%2022' $176,156.00 $979,742.00
50%2023' $176,156.00 $1,155,898.00
50%2024' $176,156.00 $1,332,054.00
50%2025' $176,156.00 $1,508,210.00
Fairfield Inn 50% 2017 Rebate $18,220.00 Rebate $1,526,430.00
50%2018 $56,899.00 $1,583,329.00
50%2019 $36,990.00 $1,620,319.00
50%2020 $36,828.00 $1,657,147.00
50%2021 $38,390.00 $1,695,537.00
50%2022' $38,390.00 $1,733,927.00
50%2023' $38,390.00 $1,772,317.00
50%2024' $38,390.00 $1,810,707.00
Dupaco 50%2019 Rebate $10,142.00 Rebate $1,820,849.00
50%2020 $10,114.00 $1,830,963.00
50%2021 $10,758.00 $1,841,721.00
$0.00 $1,841,721.00
Administrative Expenses FY18 Advance $462.96 Advance $1,842,183.96
Club Car Wash 70% Rebate $18,632.00 Rebate $1,860,815.96
$1,860,815.96
$1,860,815.96
$1,860,815.96
$1,860,815.96
$1,860,815.96
Page 78 of 254
CITY OF WATERLOO
Council Communication
Resolution approving certification to the Black Hawk County Auditor for expenditures that qualify for
reimbursement in the FY 2021 University Avenue Waterloo Tax Increment District, and place the certification
on file.
City Council Meeting: 11/29/2021
Prepared: 11/17/2020
ATTACHMENTS:
Description Type
❑ University Avenue TIF Report Backup Material
Resolution approving certification to the Black Hawk County Auditor for
SUBJECT: expenditures that qualify for reimbursement in the FY 2021 UniversitX
Avenue Waterloo Tax Increment District, and place the certification on file.
Submitted by: Submitted By:Noel Anderson, Community Planning and Development
Director
Recommended Action: Approve
In accordance with the amended provision of the State Code of Iowa, it is
Summary Statement: required that the City of Waterloo annually certify to the County Auditor its
expenditures that qualify for reimbursement from the tax increment fund.
This TIF District has no expenses to certify.
The city has established several TIF Districts for community development.
Neighborhood Impact: The certification of expenditures incurred in each TIF District is required to
be filed with Black Hawk County in order to collect the TIF revenue. This
TIF District has not expenses to certify.
Data/Analysis and Strategies: Economic Development
Expenditure Required/Source of None
Funds:
Page 79 of 254
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 University Avenue Urban Renewal
Urban Renewal Area Number: 07044 (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*: $ 221,840
*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 reductions of$0 were made to Form 3 that did not carry to this page.
Net outstanding debt as of June 30, 2021 should be $221,840.
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 80 of 254
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 University Avenue Urban Renewal
Urban Renewal Area Number: 07044 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Gateway Property Holdings, LLC 8/2/2021 221,840
Q'X'this box if a rebate agreement. List administrative details on lines above.
2.
FI'X'this box if a rebate agreement. List administrative details on lines above.
3.
n'X'this box if a rebate agreement. List administrative details on lines above.
4.
FI'X'this box if a rebate agreement. List administrative details on lines above.
5.
n'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: 221,840
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 81 of 254
Exhibit"A"
June 30,2021
Project Designation: University Avenue Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 03.19(2)
DATE OF
NO. ISSUANCE OR SOURCE DESCRIPTION OF INDEBTNESS Cumulative
Amount
EXPENDITURE
AMOUNT INCURRED
Gateway Property Holdings Rebate Rebate $0.00
10 years @ 50% 50% $22,184.00 $22,184.00
50% $22,184.00 $44,368.00
50% $22,184.00 $66,552.00
50% $22,184.00 $88,736.00
50% $22,184.00 $110,920.00
50% $22,184.00 $133,104.00
50% $22,184.00 $155,288.00
50% $22,184.00 $177,472.00
50% $22,184.00 $199,656.00
50% $22,184.00 $221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
$221,840.00
Page 82 of 254
CITY OF WATERLOO
Council Communication
Resolution approving certification to the Black Hawk County Auditor for expenditures that qualify for
reimbursement in the FY 2021 Martin Road Tax Increment District, and place the certification on file.
City Council Meeting: 11/29/2021
Prepared: 11/2/2021
ATTACHMENTS:
Description Type
❑ Martin Road State Cert form Backup Material
Resolution approving certification to the Black Hawk County Auditor for
SUBJECT: expenditures that qualify for reimbursement in the FY 2021 Martin Road Tax
Increment District, and place the certification on file.
Submitted by: Submitted By:Noel Anderson, Community Planning and Development
Director
Recommended Action: Approve
In accordance with the amended provision of the State Code of Iowa, it is
Summary Statement: required that the City of Waterloo annually certify to the County Auditor its
expenditures that qualify for reimbursement from the tax increment fund.
The city has established several TIF Districts for community development.
Neighborhood Impact: The certification of expenditures incurred in each TIF District is required to
be filed with Black Hawk County in order to collect the TIF revenue.
Data/Analysis and Strategies: Economic Development
Implementation,Accountability, N/A
and Communication:
Expenditure Required/Source of None
Funds:
Page 83 of 254
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: Martin Road Urban Renewal
Urban Renewal Area Number: 07016 (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*: $ 1,986,596
*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 $232,442.00 in debt reductions and revenue adjustments using Form 3 that did not carry
to this form. Net debt outstanding at 6/30/2021 should be $8,255,069.13.
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 84 of 254
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: Martin Road Urban Renewal
Urban Renewal Area Number: 07016 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Salaries 2021: $7,738.98 06/21/2021 7,739
F�'X'this box if a rebate agreement. List administrative details on lines above.
2. Brock 2nd Add Cont 986: 21,211.18 08/28/2017 21,211
FI'X'this box if a rebate agreement. List administrative details on lines above.
3. Fusion Investments ED Grant: $480,000 4/15/2019 480,000
n'X'this box if a rebate agreement. List administrative details on lines above.
4. Cardinal Construction Tax Rebates Increase: $180,350.00 2/1/2021 180,350
xl'X'this box if a rebate agreement. List administrative details on lines above.
5. Reserves at Ridgeway tax rebates increase of$577,106.00 3/30/2015 577,106
Q'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: 1,266,406
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 85 of 254
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: Martin Road Urban Renewal
Urban Renewal Area Number: 07016 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
6. Fusion Investments Cedar Valley Tax Rebates: $720,000 4/27/2020 720,000
Q'X'this box if a rebate agreement. List administrative details on lines above.
7. Avita Development LLC rebate increase: $190.00 1/3/2017 190
xl'X'this box if a rebate agreement. List administrative details on lines above.
8.
n'X'this box if a rebate agreement. List administrative details on lines above.
9.
FI'X'this box if a rebate agreement. List administrative details on lines above.
10.
n'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: 720,190
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 86 of 254
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: Martin Road Urban Renewal
Urban Renewal Area Number: 07016 (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: Amount
Reduced:
PTL Properties LLC Tax estimate Adjustment Decrease of$2,872.00 2,872
Loves Travel Stop Tax Estimate Adjustment decrease of$418.00 418
SVW Properties Tax Rebate Estimate Adjustment: Decrease of$2,864.00 2,864
CRF Rentals LLC Tax Rebate Estimate Adjustment Decrease of$2,932.00 2,932
Senad Dizdarevic Tax Rebate Estimate Adjustment: Decrease of$2,816.00 2,816
Hawkeye Stages Rebate Estimate Adjustment: Decrease of$2,014 2,014
M&K Electric Rebate Estimate Adjustment: Decrease of$2,970 2,970
Amy Wienands Rebate Estimate Adjustment: Decrease of$1,818 1,818
Gubbels Heating Rebate Estimate Adjustment: Decrease of$2,478.00 2,478
Watessa Rebate Estimate Adjustment: Decrease of$2,172 2,172
Property Purchased by Developer 209,088
Total Reduction In Indebtedness For This Urban Renewal Area: 232,442
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 87 of 254
Schedule"1"
Cumulative Expenses as of June 30,2021
Project Designation: Martin Road Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 401.19(2)
DATE OF DESCRIPTION OF Cumulative
NO. ISSUANCE OR SOURCE
INDEBTNESS Amount
EXPENDITURE
AMOUNT INCURRED
Recording Fees FY 1998-1999 Principal $464.50 1999 GO Bonds $464.50
Design&Construction
Engineering FY 1997-2001 Principal $20,328.07 1999 GO Bonds $20,792.57
FY 1999-2001 Principal $165,433.36 1999 GO Bonds $186,225.93
Construction of Road&
SewerFinancing FY 1998-2000 Interest $148,169.07 1999 GO Bonds $334,395.00
Brock Inc.Property 5/18/2004 Principal $385,000.00 Contract $719,395.00
Contract
Interest $55,598.78 $774,993.78
Denso Project Expenses- Principal $51,218.16 2002 GO Bonds $826,211.94
Fund 412 FY 2004
Interest $20,299.47 2002 GO Bonds $846,511.41
Martin Road Development-FY2006 Principal $100,000.00 2006 GO Bonds $946,511.41
Fund 406 Interest $57,473.78 $1,003,985.19
Denso Tax Rebates Principal TIF Rebate $1,003,985.19
30%2007 $14,055.53 $1,018,040.72
30%2008 $17,072.82 $1,035,113.54
30%2009 $18,330.00 $1,053,443.54
30%2010 $18,115.17 $1,071,558.71
30%2011 $18,140.07 $1,089,698.78
Wilbert Vault Rebates Principal TIF Rebate
90%2008 $25,367.50 $1,115,066.28
90%2009 $25,045.82 $1,140,112.10
90%2010 $24,686.00 $1,164,798.10
90%2011 $24,720.00 $1,189,518.10
90%2012 $24,490.00 $1,214,008.10
90%2013 $22,604.00 $1,236,612.10
90%2014 $21,116.00 $1,257,728.10
90%2015 $19,390.00 $1,277,118.10
90%2016 $16,184.00 $1,293,302.10
90%2017 $14,604.48 $1,307,906.58
Rain Soft Rebates TIF Rebate $1,307,906.58
100% 2009 $12,844.23 $1,320,750.81
100% 2010 Principal $12,698.00 $1,333,448.81
100% 2011 $12,716.00 $1,346,164.81
100% 2012 $12,598.00 $1,358,762.81
100% 2013 $13,124.00 $1,371,886.81
Young Development TIF Rebate
(Country Estates) $1,371,886.81
100% 2010 $16,100.00 $1,387,986.81
100% 2011 $16,122.00 $1,404,108.81
100% 2012 $15,972.00 $1,420,080.81
100% 2013 $15,216.00 $1,435,296.81
100% 2014 Principal $14,216.00 $1,449,512.81
100% 2015 $12,756.00 $1,462,268.81
100% 2016 $10,100.00 $1,472,368.81
100% 2017 $8,994.00 $1,481,362.81
100%2018 $8,929.00 $1,490,291.81
2019* $4,916.00 $1,495,207.81
Page 88 of 254
Schedule"1"
Cumulative Expenses as of June 30,2021
Project Designation: Martin Road Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19 2
Stephen Riley TIF Rebate $1,495,207.81
100% 2010 $19,498.00 $1,514,705.81
100% 2011 $19,548.00 $1,534,253.81
100% 2012 Principal $19,368.00 $1,553,621.81
100% 2013 $16,028.00 $1,569,649.81
100% 2014 $14,972.00 $1,584,621.81
100% 2015 $13,496.00 $1,598,117.81
Maurer TIF Rebate $1,598,117.81
100% 2011 $56,178.00 $1,654,295.81
100% 2012 Principal $55,656.00 $1,709,951.81
100% 2013 $65,472.00 $1,775,423.81
100% 2014 $61,164.00 $1,836,587.81
100% 2015 $58,426.00 $1,895,013.81
JARF(Fahr Beverage) TIF Rebate $1,895,013.81
100% 2011 $22,268.00 $1,917,281.81
100% 2012 $22,062.00 $1,939,343.81
100% 2013 Principal $20,642.00 $1,959,985.81
100% 2014 $19,284.00 $1,979,269.81
100% 2015 $15,156.00 $1,994,425.81
100% 2016 $12,448.00 $2,006,873.81
Watessa TIF Rebate $2,006,873.81
100% 2012 $41,396.00 $2,048,269.81
100% 2013 $48,422.00 $2,096,691.81
100% 2014 $45,238.00 $2,141,929.81
100% 2015 $42,952.00 $2,184,881.81
68% 2016 Principal $25,130.00 $2,210,011.81
50% 2017 $16,600.00 $2,226,611.81
50% 2018 $16,500.00 $2,243,111.81
50% 2019 $17,194.00 $2,260,305.81
50% 2020 $17,130.00 $2,277,435.81
50% 2021 $18,016.00 $2,295,451.81
Deer Creek $2,295,451.81
2011 $300,000.00 $2,595,451.81
2012 $200,000.00 $2,795,451.81
2013 $200,000.00 $2,995,451.81
2014 $200,000.00 $3,195,451.81
2015 $200,000.00 $3,395,451.81
2016 $200,000.00 $3,595,451.81
2017 $200,000.00 $3,795,451.81
2018 Principal $200,000.00 $3,995,451.81
2019 $200,000.00 $4,195,451.81
2020 $200,000.00 $4,395,451.81
2021 $200,000.00 $4,595,451.81
2022 $200,000.00 $4,795,451.81
2023 $200,000.00 $4,995,451.81
2024 $200,000.00 $5,195,451.81
2025 $200,000.00 $5,395,451.81
$5,395,451.81
Corstang Enterprises $5,395,451.81
2013 $38,063.00 $5,433,514.81
2014 Principal $18,129.00 $5,451,643.81
2015 $0.00 $5,451,643.81
2016 $0.00 $5,451,643.81
PTL Properties,LLC TIF Rebate $5,451,643.81
100% 2013 $26,946.00 $5,478,589.81
100% 2014 $23,534.00 $5,502,123.81
100% 2015 $21,864.00 $5,523,987.81
100% 2016 $18,612.00 $5,542,599.81
22% 2017 Principal $1,034.00 $5,543,633.81
50% 2018 $6,880.00 $5,550,513.81
50% 2019 $7,102.00 $5,557,615.81
50% 2020 $7,090.00 $5,564,705.81
50% 2021 $7,630.00 $5,572,335.81
50% 2022* $10,502.00 $5,582,837.81
SVW Properties,LLC TIF Rebate $5,582,837.81
100% 2013 $27,170.00 $5,610,007.81
100% 2014 $24,396.00 $5,634,403.81
100% 2015 $22,704.00 $5,657,107.81
100% 2016 $19,390.00 $5,676,497.81
22% 20171 Principal $602.00 $5,677,099.81 Page 89 of 254
Schedule"1"
Cumulative Expenses as of June 30,2021
Project Designation: Martin Road Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
50% 2018 $7,864.00 $5,684,963.81
50% 2019 $7,484.00 $5,692,447.81
50% 2020 $7,470.00 $5,699,917.81
50% 2021 $8,024.00 $5,707,941.81
50% 2022* $10,888.00 $5,718,829.81
Avita Developments,LLC
50%2016 $14,568.00 $5,733,397.81
50%2017 $16,050.00 $5,749,447.81
50%2018 $15,943.00 $5,765,390.81
50%2019 Principal $15,942.00 $5,781,332.81
50%2020 $15,862.00 $5,797,194.81
50%2021 $16,408.00 $5,813,602.81
50%2022* $16,218.00 $5,829,820.81
50%2023* $16,218.00 $5,846,038.81
Reserves at Ridgeway TIF Rebate $5,846,038.81
50% 2018 $26,968.00 $5,873,006.81
50% 2019 $28,496.00 $5,901,502.81
50% 2020 $92,474.00 $5,993,976.81
50% 2021* $133,696.00 $6,127,672.81
50% 2022* $133,696.00 $6,261,368.81
2023* $133,696.00 $6,395,064.81
2024* $133,696.00 $6,528,760.81
2025* $133,696.00 $6,662,456.81
2026* Principal $133,696.00 $6,796,152.81
2027* $133,696.00 $6,929,848.81
2028* $133,696.00 $7,063,544.81
2029* $133,696.00 $7,197,240.81
2030* $133,696.00 $7,330,936.81
2031* $133,696.00 $7,464,632.81
2032* $133,696.00 $7,598,328.81
2033* $133,696.00 $7,732,024.81
2034* $133,696.00 $7,865,720.81
M&K Electric $7,865,720.81
70%2020 $746.00 $7,866,466.81
70%2021 $990.00 $7,867,456.81
70%2022* Principal $3,960.00 $7,871,416.81
70%2023* $3,960.00 $7,875,376.81
65%2024* $3,678.00 $7,879,054.81
65%2025* $3,678.00 $7,882,732.81
65%2026* $3,678.00 $7,886,410.81
Senad Dizdarevic
80%2017 $4,922.00 $7,891,332.81
80%2018 $4,902.00 $7,896,234.81
80%2019 $5,122.00 $7,901,356.81
80%2020 $5,120.00 $7,906,476.81
80%2021 Principal $5,594.00 $7,912,070.81
80%2022* $8,410.00 $7,920,480.81
70%2023* $7,360.00 $7,927,840.81
70%2024* $7,360.00 $7,935,200.81
70%2025* $7,360.00 $7,942,560.81
70%2026* $7,942,560.81
JAS Investmetns(Gubbels
Heating) $7,942,560.81
2020 $21,220.00 $7,963,780.81
2021 $18,842.00 $7,982,622.81
2022 $21,320.00 $8,003,942.81
2023 $21,320.00 $8,025,262.81
2024 Principal $21,320.00 $8,046,582.81
2025 $21,320.00 $8,067,902.81
2026 $21,320.00 $8,089,222.81
2027 $20,198.00 $8,109,420.81
2028 $20,198.00 $8,129,618.81
2029 $13,466.00 $8,143,084.81
Prairie Legacy(Hawkeye
Stages) $8,143,084.81
2019 $12,922.00 $8,156,006.81
2020 $40,478.00 $8,196,484.81
2021 $28,780.00 $8,225,264.81
2022 $30,794.00 $8,256,058.81
2023
Principal
$30,794.00 $5,286,852.81
Page 90 of 254
Schedule"1"
Cumulative Expenses as of June 30,2021
Project Designation: Martin Road Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2024 $11,548.00 $8,298,400.81
2025 $11,548.00 $8,309,948.81
2026 $11,548.00 $8,321,496.81
2027 $11,548.00 $8,333,044.81
2028 $11,548.00 $8,344,592.81
Loves Travel Stop $8,344,592.81
2020 $74,762.00 $8,419,354.81
2021 $77,922.00 $8,497,276.81
2022 $78,340.00 $8,575,616.81
2023 Principal $78,340.00 $8,653,956.81
2024 $78,340.00 $8,732,296.81
2025 $78,340.00 $8,810,636.81
2026 $78,340.00 $8,888,976.81
2027 $78,340.00 $8,967,316.81
Weinands West $8,967,316.81
2020 $34,222.00 $9,001,538.81
2021 $35,694.00 $9,037,232.81
2022 Principal $35,694.00
$9,074,744.81
2023 $37,512.00 $9,112,256.81
2024 $37,512.00 $9,149,768.81
Cardinal Construction Inc $9,149,768.81
2022* $26,106.00 $9,175,874.81
2023* $26,106.00 $9,201,980.81
2024* $26,106.00 $9,228,086.81
2025* $26,106.00 $9,254,192.81
2026* Principal $26,106.00 $9,280,298.81
2027* $26,106.00 $9,306,404.81
2028* $26,106.00 $9,332,510.81
2029* $26,106.00 $9,358,616.81
2030* $26,106.00 $9,384,722.81
2031* $26,106.00 $9,410,828.81
Fusion Real Estate $9,410,828.81
2020* $0.00 $9,410,828.81
2021* $0.00 $9,410,828.81
2022* $0.00 $9,410,828.81
2023* $0.00 $9,410,828.81
2024* $40,000.00 $9,450,828.81
2025* $40,000.00 $9,490,828.81
2026* $40,000.00 $9,530,828.81
2027* Principal $47,632.00 $9,578,460.81
2028* $98,764.00 $9,677,224.81
2029* $98,764.00 $9,775,988.81
2030* $98,764.00 $9,874,752.81
2031* $98,764.00 $9,973,516.81
2032* $98,764.00 $10,072,280.81
2033* $58,548.00 $10,130,828.81
2034* $10,130,828.81
Reed Properties(BH Gym) $10,130,828.81
2020* $0.00 $10,130,828.81
2021* $0.00 $10,130,828.81
2022* $0.00 $10,130,828.81
2023* $0.00 $10,130,828.81
2024* $0.00 $10,130,828.81
2025* $0.00 $10,130,828.81
2026* $0.00 $10,130,828.81
2027* Principal $0.00 $10,130,828.81
2028* $0.00 $10,130,828.81
2029* $0.00 $10,130,828.81
2030* $0.00 $10,130,828.81
2031* $0.00 $10,130,828.81
2032* $0.00 $10,130,828.81
2033* $0.00 $10,130,828.81
2034* $0.00 $10,130,828.81
CRF Rentals(Charm Drive) $10,130,828.81
2021 $3,022.00 $10,133,850.81
2022* $5,954.00 $10,139,804.81
2023* $5,954.00 $10,145,758.81
2024* Principal $5,528.00 $10,151,286.81
2025* $5,528.00 $10,156,814.81
2026* $5,528.00 $10,162,342.81
2027 $5,528.001 $10,167,870.81
Warren Transportl I $10,167,870.81
Page 91 of 254
Schedule"1"
Cumulative Expenses as of June 30,2021
Project Designation: Martin Road Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
2024* $100,700.00 $10,268,570.81
2025* $100,700.00 $10,369,270.81
2026* $100,700.00 $10,469,970.81
2027* $100,700.00 $10,570,670.81
2028* $100,700.00 $10,671,370.81
2029* Principal $100,700.00 $10,772,070.81
2030* $100,700.00 $10,872,770.81
2031* $100,700.00 $10,973,470.81
2032* $100,700.00 $11,074,170.81
2033* $100,700.00 $11,174,870.81
2034* $100,700.00 $11,275,570.81
2035* $41,484.00 $11,317,054.81
Fusion Investments ED Principal ED Grants
Grant $11,317,054.81
2021 $40,000.00 $11,357,054.81
2022 $40,000.00 $11,397,054.81
2023 $40,000.00 $11,437,054.81
2024 $40,000.00 $11,477,054.81
2025 $40,000.00 $11,517,054.81
2026 $40,000.00 $11,557,054.81
2027 $40,000.00 $11,597,054.81
2028 $40,000.00 $11,637,054.81
2029 $40,000.00 $11,677,054.81
2030 $40,000.00 $11,717,054.81
2031 $40,000.00 $11,757,054.81
2032 $40,000.00 $11,797,054.81
1999 GO Bonds Refinanced-Deduct Old Debt Principal -$82,407.00 $11,714,647.81
Service 1999 GO Bonds
Interest -$29,728.00 $11,684,919.81
1999 GO Bonds Refinanced-Add New Debt Principal $82,971.00 $11,767,890.81
Service-Fund 407 Interest $23,222.00 2007 GO Bonds $11,791,112.81
Martin Road Dev. FY2007 Principal $50,000.00 2007 GO Bonds $11'841'112'81
(taxable) Interest $17,728.00 $11,858,840.81
Martin Road Dev. FY 2008 Principal $80,000.00 2008 GO Bonds $11,938,840.81
(taxable) Interest $25,000.00 $11,963,840.81
Corstang Purchase FY2009 Principal $196,020.00 Advance $12,159,860.81
San Sewer Design FY2010 Principal $558.00 Advance $12,160,418.81
San Sewer Design FY2011 Principal $425.50 Advance $12,160,844.31
2002 GO Bonds Refinanced-Deduct Old Debt Principal ($29,403.28) 2002 GO Bonds $12,131,441.03
Service Interest ($5,907.08) $12,125,533.95
2002 GO Bonds Refinanced-Add New Debt Principal $29,639.76 $12,155,173.71
Service-Fund 410 2010 GO Bonds
Interest $3,063.42 $12,158,237.13
2006 GO Bonds Refinanced-Deduct Old Debt principal ($75,000.00) $12,083,237.13
Service 2006 GO Bonds
Interest ($20,421.26) $12,062,815.87
2006 GO Bonds Refinanced-Add New Debt principal $65,657.00 $12,128,472.87
Service-Fund 413(FY13) 2013 GO Bonds
Interest $5,788.40 $12,134,261.27
Reallocate Fund 407 G.O.Bonds to San Mannan Principal ($48,071.35) 2007 G.O.Bonds $12,086,189.92
Interest ($17,044.18) $12,069,145.74
Reallocate Fund 408 G.O.Bonds to San Mannan Principal ($80,000.00) 2008 G.O.Bonds $11,989,145.74
Interest ($25,000.00) $11,964,145.74
2007 GO Bonds Refunded-Deduct Old Debt Principal ($40,115.00) 2007 G.O.Bonds $11,924,030.74
Service Interest
($4,761.00) $11,919,269.74
2007 GO Bonds Refinanced-Add New Debt Principal $40,115.00 2014 G.O.Bonds $11,959,384.74
Service(Fund 414) Interest $3,550.00 $11,962,934.74
Martin Road Dev. FY 2011 Principal $100,000.00 2011 GO Bonds $12,062,934.74
(taxable) Interest $37,730.31 $12,100,665.05
Martin Road Dev. FY2015 Principal $57,000.00 2015 GO Bonds $12,157,665.05
(taxable) Interest $8,683.13 $12,166,348.18
FY2017 Principal $1,800,000.00 2017 GO Bonds $13,966,348.18
Martin Rd GO Bond 417 Interest $439,586.34 $14,405,934.52
Development Serv. FY2011 Principal $1,200.00 Advance $14,407,134.52
Failor-Hurley Grant FY2011 Principal $80,000.00 Advance $14,487,134.52
Failor-Hurley Grant FY2012 Principal $17.00 Advance $14,487,151.52
Deer Creek Dev. FY2013 Principal $80,000.00 Grant $14,567,151.52
Deer Creek Dev. FY2015 Principal $80,000.00 Grant $14,647,151.52
Administrative Expenses FY15 Principal $4,119.45 Advance $14,651,270.97
San Sewer Design IFY2012 Principal $1,505.00 Advance $14,652,775.97
2016 GO Bonds-Add New Debt Service-Fund Principal $300,000.00 2016 GO Bonds $14,952,775.97
416(FY16) Interest $31,963.00 $14,984,738.97
Rath Area Redevelopment Fund 415 FY 2015 GO Principal $220,000.00 2016 GO Bonds $15,204,738.97
Bonds Realocation Interest $34,999.39 $15,239,738.36
Martin GO Bonds Series 2019A Principal $100,000.00 2019 GO Bonds $15,339,738.36
Interest $16,358.33 $15,356,096.69 Page 92 of 254
Schedule"1"
Cumulative Expenses as of June 30,2021
Project Designation: Martin Road Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
Administrative Expenses FY 16 Advance $8,000.00 $15,364,096.69
Hawkeye Stages ED Grant Advance $474,435.50 $15,838,532.19
Wienands ED Grant Advance $200,904.00 $16,039,436.19
Administrative Expenses FY17 Advance $11,134.17 $16,050,570.36
Baldwin Grant Advance $75,000.00 $16,125,570.36
Baldwin Grant Credit Credit -$75,000.00 $16,050,570.36
Adminstrative Expenses FY18 Advance $2,007.50 Advance $16,052,577.86
Brock 3rd Addition Plat cont 954 Advance $26,100.00 Advance $16,078,677.86
Salaries FY18 Advance $11,693.80 Advance $16,090,371.66
Brock 3rd Addition Cont 954 FY19 Advance $607,221.78 Advance $16,697,593.44
Salaries FY19 Advance $10,676.83 Advance $16,708,270.27
Land Acq Brock San Sewer FY19 Advance $42,161.85 Advance $16,750,432.12
Brock 2nd Add Cont 932 FY19 Advance $1,950.00 Advance $16,752,382.12
Brock 3rd Addition Cont 954 FY20 Advance $175.00 Advance $16,752,557.12
Salaries FY20 Advance $10,706.12 Advance $16,763,263.24
Brock 3rd Addition Cont 986 Advance $16,750.00 Advance $16,780,013.24
Salaries FY21 Advance $7,738.98 Advance $16,787,752.22
986 Advance $21,211.18 Advance $16,808,963.40
$16,808,963.40
$16,808,963.40
$16,808,963.40
$16,808,963.40
$16,808,963.40
$16,808,963.40
'estimated
Page 93 of 254
CITY OF WATERLOO
Council Communication
Resolution approving certification to the Black Hawk County Auditor for expenditures that qualify for
reimbursement in the FY 2021 Rath Area Tax Increment District, and place the certification on file.
City Council Meeting: 11/29/2021
Prepared: 11/2/2021
ATTACHMENTS:
Description Type
❑ Rath TIF Cert Forms Backup Material
Resolution approving certification to the Black Hawk County Auditor for
SUBJECT: expenditures that qualify for reimbursement in the FY 2021 Rath Area Tax
Increment District, and place the certification on file.
Submitted by: Submitted By:Noel Anderson, Community Planning and Development
Director
Recommended Action: Approve
In accordance with the amended provision of the State Code of Iowa, it is
Summary Statement: required that the City of Waterloo annually certify to the County Auditor its
expenditures that qualify for reimbursement from the tax increment fund.
The city has established several TIF Districts for community development.
Neighborhood Impact: The certification of expenditures incurred in each TIF District is required to
be filed with Black Hawk County in order to collect the TIF revenue.
Data/Analysis and Strategies: Economic Development
Implementation,Accountability, N/A
and Communication:
Expenditure Required/Source of None
Funds:
Page 94 of 254
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 Rath Area Urban Renewal
Urban Renewal Area Number: 07009 (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*: $ 3,160,738
*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 $83,684.75 in debt reductions and revenue adjustments using Form 3 that did not carry
to this form. Net debt outstanding at 6/30/2021 should be $4,682,657.06.
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 95 of 254
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 Rath Area Urban Renewal
Urban Renewal Area Number: 07009 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Administrative Expenses : $3,597.00 06/21/2021 3,597
F�'X'this box if a rebate agreement. List administrative details on lines above.
2. Salaries FY 21: $13,562.78 06/21/2021 13,563
FI'X'this box if a rebate agreement. List administrative details on lines above.
3. 5 Bees Acq/Demo 1/8/2018 120,000
Q'X'this box if a rebate agreement. List administrative details on lines above.
4. Crystal Distribution Rebate Adjustment 8/14/2017 40
FI'X'this box if a rebate agreement. List administrative details on lines above.
5. Taxable GO Bonds 2013 REFINANCED 2021A 06/07/2021 80,309
n'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: 217,509
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 96 of 254
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 Rath Area Urban Renewal
Urban Renewal Area Number: 07009 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
6. Taxable GO Bonds Series 2021 B 06/07/2021 643,230
F�'X'this box if a rebate agreement. List administrative details on lines above.
7. Crystal Distribution ED Grant$2,300,000 5/17/2021 2,300,000
FI'X'this box if a rebate agreement. List administrative details on lines above.
8.
n'X'this box if a rebate agreement. List administrative details on lines above.
9.
FI'X'this box if a rebate agreement. List administrative details on lines above.
10.
n'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: 2,943,230
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 97 of 254
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 Rath Area Urban Renewal
Urban Renewal Area Number: 07009 (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: Amount
Reduced:
Interest Earned: $464.75 465
2013 refinanced GO Bonds : $83,220 83,220
Total Reduction In Indebtedness For This Urban Renewal Area: 83,685
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 98 of 254
Exhibit"A"
Cumulative as of June 30,2021
Project Designation:Rath Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
NO DATE OF ISSUANCE OR SOURCE DESCRIPTION OF INDEBTEDNESS CUMULATIVE
EXPENDITURE AMOUNT
AMOUNT INCURRED
Rath Demolition 7/12/90 Principal $475,000.00 G.O.Bonds $475,000.00
Interest $214,879.93 G.O.Bonds $689,879.93
Powers Manufacturing Expansion 6/12/91 Principal $150,000.00 G.O.Bonds $839,879.93
Interest $63,222.49 G.O.Bonds $903,102.42
Powers Manufacturing Expansion 5/15/92 Principal $150,000.00 G.O.Bonds $1,053,102.42
Interest $60,979.05 G.O.Bonds $1,114,081.47
Powers Manufacturing 6/94 Principal $300,000.00 G.O.Bonds $1,414,081.47
Interest $208,445.40 G.O.Bonds $1,622,526.87
Powers Manufacturing Improvements 6/95 Principal $50,000.00 G.O.Bonds $1,672,526.87
Interest $22,936.28 G.O.Bonds $1,695,463.15
Administration Fees FY 97 Principal $1,068.51 2000 GO Bonds $1,696,531.66
Recording fees FY98 Principal $1,200.00 2000 GO Bonds $1,697,731.66
Demo Grant-Crystal Principal $100,000.00 99,00 GO Bonds $1,797,731.66
Interest on Advance 99-00 Principal $11,178.22 2000 GO Bonds $1,808,909.88
Land Improvements 3-00 Principal $12,400.00 1998 GO Bonds $1,821,309.88
Interest on$125,846.73 Interest $74,646.27 98,99,00 GO Bonds $1,895,956.15
Crystal Ice Rebate 75%2002 Principal $96,488.74 Tax Rebate $1,992,444.89
60% 2003 $77,119.20 $2,069,564.09
45% 2004 $60,475.50 $2,130,039.59
30% 2005 $46,819.80 $2,176,859.39
15% 2006 $24,076.87 $2,200,936.26
Crystal II Fund 406 Principal $450,000.00 2006 GO Bonds $2,650,936.26
Interest $252,561.30 2006 GO Bonds $2,903,497.56
Crystal II Rebate 70% 2016 Principal $16,716.00 Tax Rebate $2,920,213.56
70% 2017 $15,606.00 $2,935,819.56
70% 2018 $13,943.00 $2,949,762.56
(expansion rebates start)70% 2019 $15,110.00 $2,964,872.56
70% 2020 $15,522.00 $2,980,394.56
70% 2021 $117,496.00 $3,097,890.56
70% 2022* $120,076.00 $3,217,966.56
70% 2023* $120,076.00 $3,338,042.56
70% 2024* $120,076.00 $3,458,118.56
(end of Original rebate time)70% 2025* $120,076.00 $3,578,194.56
2026* $120,076.00 $3,698,270.56
2027* $120,076.00 $3,818,346.56
2028* $120,076.00 $3,938,422.56
2029* $120,076.00 $4,206,828.56
2030* $120,076.00 $4,321,828.56
2031* $28,254.00 $4,376,434.43
Rath Area Redevelopment Principal $115,000.00 2001 GO Bonds $4,405,618.19
Fund 411 6/01 Interest $54,605.87 2001 GO Bonds $4,376,434.43
Rath Area Redevelopment Principal $29,183.76 2002 GO Bonds $4,405,618.19
Fund 412 Interest $10,890.01 2002 GO Bonds $4,416,508.20
Rath Area Redevelopment Principal $121,885.41 2003 GO Bonds $4,538,393.61
Fund 413 Interest $29,182.00 2003 GO Bonds $4,567,575.61
Rath Area Redevelopment Fund Principal $102,488.00 2003 GO Bonds $4,670,063.61
413 Interest $46,034.00 2003 GO Bonds $4,716,097.61
Rath Area Redevelopment I Principal $75,000.00 2004 GO Bonds $4,791,097.61
Page 99 of 254
Exhibit"A"
Cumulative as of June 30,2021
Project Designation:Rath Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
NO DATE OF ISSUANCE OR SOURCE DESCRIPTION OF INDEBTEDNESS CUMULATIVE
EXPENDITURE AMOUNT
AMOUNT INCURRED
Fund 414 Interest $32,317.50 2004 GO Bonds $4,823,415.11
Rath Area Redevelopment Fund Principal $61,994.76 2004 GO Bonds $4,885,409.87
414 Taxable From NE Ind.Park Interest $30,268.97 2004 GO Bonds $4,915,678.84
Rath Area Development Fund Principal $6,656.31 2004 GO Bonds $4,922,335.15
414 From NE Ind.Park Interest $3,250.34 2004 GO Bonds $4,925,585.49
1999 GO Bonds Refinanced-Deduct Old Debt Principal ($44,472.00) 1999 GO Bonds $4,881,113.49
Service Interest ($16,043.00) 1999 GO Bonds $4,865,070.49
1999 GO Bonds Refinanced-Add New Debt Principal $44,784.00 2007 GO Bonds $4,909,854.49
Service-Fund 407 Interest $12,532.00 2007 GO Bonds $4,922,386.49
2000 GO Bonds Refinanced-Deduct Old Debt Principal ($50,413.73) 1999 GO Bonds $4,871,972.76
Service Interest ($8,123.00) 1999 GO Bonds $4,863,849.76
2000 GO Bonds Refinanced-Add New Debt Principal $50,413.73 2007 GO Bonds $4,914,263.49
Service-Fund 407 Interest $316.00 2007 GO Bonds $4,914,579.49
Rath Area Redevelopment Fund Principal $150,000.00 2007 GO Bonds $5,064,579.49
407(taxable) Interest $52,301.50 2007 GO Bonds $5,116,880.99
Rath Area Redevelopment Fund Principal $100,000.00 2008 GO Bonds $5,216,880.99
408(taxable) Interest $27,500.00 2008 GO Bonds $5,244,380.99
Rath Area Redevelopment Fund Principal $50,000.00 2009 GO Bonds $5,294,380.99
409(taxable) Interest $11,665.81 2009 GO Bonds $5,306,046.80
Asbestos Removal-Rath Admin Bldg Principal $125,008.37 Advance $5,431,055.17
2001 GO Bond Original Interest-Ref Interest ($11,023.87) 2001 GO Bonds $5,420,031.30
2009 GO Bonds-2001 GO Bonds Ref Interest $7,472.88 2009 GO Bonds $5,427,504.18
Asbestos Removal-Rath Admin Bldg Principal $122,943.56 Advance $5,550,447.74
Secor Economic Dev Grant Principal $104,400.00 Advance $5,654,847.74
Loan Document Preparation Principal $9,764.34 Advance $5,664,612.08
CMC Site Purchase Principal $155,019.00 Advance $5,819,631.08
Rath Area Redevelopment Fund Principal $350,000.00 2010 GO Bonds $6,169,631.08
410(taxable) Interest $67,122.08 2010 GO Bonds $6,236,753.16
Rath Area Redevelopment Fund Principal $144,000.00 2010 GO Bonds $6,380,753.16
410(taxable) Interest $27,764.69 2010 GO Bonds $6,408,517.85
Rath Public Works Building-Fund 410 Principal $700,000.00 2010 GO Bonds $7,108,517.85
(exempt) Interest $93,209.08 2010 GO Bonds $7,201,726.93
2002 GO Bonds Refinanced-Deduct Old Debt Principal ($15,183.76) 2002 GO Bonds $7,186,543.17
Service Interest ($2,797.01) 2002 GO Bonds $7,183,746.16
2002 GO Bonds Refinanced-Add New Debt Principal $15,390.68 2010 GO Bonds $7,199,136.84
Service-Fund 410 Interest $1,450.53 2010 GO Bonds $7,200,587.37
625 Glenwood Acquisition Principal $355.00 Advance $7,200,942.37
BCRLF Loan Repayment-CMC Clean-up Principal $280,000.00 Advance $7,480,942.37
Secor RR Spur FY11 Principal $99,111.32 Advance $7,580,053.69
123 Stanley Acquisition FY11 Principal $359,459.00 Advance $7,939,512.69
Secor RR Spur FY12 Principal $94,776.85 Advance $8,034,289.54
123 Stanley Acquisition FY12 Principal $100,000.00 Advance $8,134,289.54
1823 Black Hawk St Acquisition FY12 Principal $12,237.92 Advance $8,146,527.46
Secor RR Spur FY13 Principal $17,999.81 Advance $8,164,527.27
Secor RR Spur FY14 Principal $17,540.73 Advance $8,182,068.00
2004 GO Bonds Refinanced(Fund 414)-Deduct Principal ($40,000.00) 2002 GO Bonds $8,142,068.00
Old Debt Service Interest ($10,355.00) 2002 GO Bonds $8,131,713.00
2004 GO Bonds Refinanced(Fund 414)-Add New Principal $40,000.00 2010 GO Bonds $8,171,713.00
Debt Service-Fund 411 Interest 1 $5,560.56 2010 GO Bonds $8,177,273.56
Page 100 of 254
Exhibit"A"
Cumulative as of June 30,2021
Project Designation:Rath Tax Increment Redevelopment Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
NO DATE OF ISSUANCE OR SOURCE DESCRIPTION OF INDEBTEDNESS CUMULATIVE
EXPENDITURE AMOUNT
AMOUNT INCURRED
2006 GO Bonds Refinanced(Fund 406)-Deduct Principal ($315,000.00) 2006 GO Bonds $7,862,273.56
Old Debt Service Interest ($87,547.52) 2006 GO Bonds $7,774,726.04
2006 GO Bonds Refinanced(Fund 406)-Add New Principal $315,000.00 2013 GO Bonds $8,089,726.04
Debt Service-Fund 413(FY13) Interest $26,047.80 2013 GO Bonds $8,115,773.84
2003 GO Bonds Refinanced(Fund 413)-Deduct Principal ($54,851.41) 2006 GO Bonds $8,060,922.43
Old Debt Service Interest ($5,749.00) 2006 GO Bonds $8,055,173.43
2003 GO Bonds Refinanced(Fund 413)-Add New Principal $54,851.41 2013 GO Bonds $8,110,024.84
Debt Service-Fund 412(FY12) Interest $1,538.19 2013 GO Bonds $8,111,563.03
2007 GO Bonds Refinanced(Fund 407)-Deduct Principal ($21,652.00) 2007 GO Bonds $8,089,911.03
Old Debt Service Interest ($2,569.00) 2007 GO Bonds $8,087,342.03
2007 GO Bonds Refinanced(Fund 407)-Add New Principal $21,652.00 2014 GO Bonds $8,108,994.03
Debt Service-Fund 414(FY14) Interest $1,916.00 2014 GO Bonds $8,110,910.03
Rath Area Redevelopment Fund Principal $370,000.00 2013 GO Bonds $8,480,910.03
413(taxable) Interest $49,279.11 2013 GO Bonds $8,530,189.14
Rath Area Redevelopment Fund Principal $85,000.00 2014 GO Bonds $8,615,189.14
414(taxable) Interest $13,051.18 2014 GO Bonds $8,628,240.32
Rath Area Redevelopment Principal $225,000.00 2015 GO Bonds $8,853,240.32
Fund 415(Taxable) Interest $35,100.14 2015 GO Bonds $8,888,340.46
Rath Area Redevelopment Fund 415 Principal ($220,000.00) 2016 GO Bonds $8,668,340.46
(transfer to Martin 2016) Interest ($34,999.39) 2016 GO Bonds $8,633,341.07
Rath Area Fund 416 Principal $240,000.00 2016 GO Bonds $8,873,341.07
Interest $26,507.64 2016 GO Bones $8,899,848.71
Rath Fund 417-GO Bonds 2017 Principal $397,000.00 2017 GO Bonds $9,296,848.71
Interest $96,947.68 2017 GO Bonds $9,393,796.39
Rath Taxable GO Bond-Series 2019B Principal $105,000.00 2019 GO Bonds $9,498,796.39
Interest $16,326.83 2019 GO Bonds $9,515,123.22
Taxable GO Bonds 2013 Refinanced Principal ($80,000.00) 2013 GO Bonds $9,435,123.22
Interest ($3,220.00) $9,431,903.22
Taxable GO 2013 Refunded with 2021 Issue Principal $80,000.00 2021B GO Bonds $9,511,903.22
Interest $308.83 $9,512,212.05
Taxable GO Bonds-Series 2021B New Principal $600,000.00 2021B G)Bonds $10,112,212.05
Money Interest $43,229.50 $10,155,441.55
Administration Expenses FY15 Principal $2,838.32 Advance $10,158,279.87
Administration Expenses FY16 Principal $2,000.00 Advance $10,160,279.87
Administration Expenses FY17 Principal $3,274.24 Advance $10,163,554.11
Administrative Expenses FY18 Principal $94.00 Advance $10,163,648.11
Salaries FY18 Principal $6,219.62 Advance $10,169,867.73
Crystal ED Grant FY18 Principal $100,000.00 Advance $10,269,867.73
1430 Commercial Acq FY19 Principal $30,000.00 Advance $10,299,867.73
Administrative Expenses FY19 Principal $966.00 Advance $10,300,833.73
Salaries FY19 Principal $11,046.50 Advance $10,311,880.23
325 W 13th St Acq FY20 Principal $102,012.00 Advance $10,413,892.23
Salaries FY20 Principal $8,959.00 Advance $10,422,851.23
Administrative Expenses FY21 Principal $3,597.00 Advance $10,426,448.23
Salaries FY 21 Principal $13,562.78 Advance $10,440,011.01
5 Bees Acq/Demo Principal $120,000.00 Advance $10,560,011.01
Crystal ED Grant FY22 Start Principal $2,300,000.00 Advance $12,860,011.01
$12,860,011.01
$12,860,011.01
Page 101 of 254
CITY OF WATERLOO
Council Communication
Resolution approving certification to the Black Hawk County Auditor for expenditures that qualify for
reimbursement in the FY 2021 San Marnan Tax Increment District, and place the certification on file.
City Council Meeting: 11/29/2021
Prepared: 11/2/2021
ATTACHMENTS:
Description Type
❑ San Maman State Cert Forms Backup Material
Resolution approving certification to the Black Hawk County Auditor for
SUBJECT: expenditures that qualify for reimbursement in the FY 2021 San Martian Tax
Increment District, and place the certification on file.
Submitted by: Submitted By:Noel Anderson, Community Planning and Development
Director
Recommended Action: Approve
In accordance with the amended provision of the State Code of Iowa, it is
Summary Statement: required that the City of Waterloo annually certify to the County Auditor its
expenditures that qualify for reimbursement from the tax increment fund.
The city has established several TIF Districts for community development.
Neighborhood Impact: The certification of expenditures incurred in each TIF District is required to
be filed with Black Hawk County in order to collect the TIF revenue.
Data/Analysis and Strategies: Economic Development
Implementation,Accountability, N/A
and Communication:
Expenditure Required/Source of None
Funds:
Page 102 of 254
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 San Marnan Urban Renewal
Urban Renewal Area Number: 07030 (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*: $ 6,139,605
*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 $18,950.00 in debt reductions and revenue adjustments using Form 3 that did not carry
to this form. Net debt outstanding at 6/30/2021 should be $9,903,698.81.
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 103 of 254
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 San Marnan Urban Renewal
Urban Renewal Area Number: 07030 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Administrative Expenses FY 21: $8,486 06/21/2021 8,486
F�'X'this box if a rebate agreement. List administrative details on lines above.
2. Salaries FY21 $9,224.19 06/21/2021 9,224
FI'X'this box if a rebate agreement. List administrative details on lines above.
3. GROW Cedar Valley Contract: $12,125 1/21/2020 12,125
n'X'this box if a rebate agreement. List administrative details on lines above.
4. L&H Farms Land Purchase$97,535 5/3/20201 97,535
FI'X'this box if a rebate agreement. List administrative details on lines above.
5. Fund 421 2021A New Money 06/07/2021 2,217,667
Principal: 2,000,000.00
Interest: 217,666.67
n'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: 2,345,036
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 104 of 254
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 San Marnan Urban Renewal
Urban Renewal Area Number: 07030 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
6. Lost Island Theme Park Development Agreement with Rebates 10/18/2021 3,660,878
Rebates 20-years @ 50%
Q'X'this box if a rebate agreement. List administrative details on lines above.
7. Locke Realty Inc Development Agreement 12/14/2020 132,910
Rebates 5-years @50%
xj X this box if a rebate agreement. List administrative details on lines above.
8. VGM Expansion Development Agreement with Rebates 4/27/2015 780
Increase of$780
n'X'this box if a rebate agreement. List administrative details on lines above.
9.
FI'X'this box if a rebate agreement. List administrative details on lines above.
10.
n'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: 3,794,568
*"Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Page 105 of 254
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 San Marnan Urban Renewal
Urban Renewal Area Number: 07030 (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: Amount
Reduced:
Interest Received FY21: $1,151.57 1,152
Cardinal Vet Clinic Tax Rebate Estimate Adjustment: Decrease 3,678 3,678
MBAK-Kimball Beecher Tax Rebate Estimate Adjustment: Decrease of$2,578 2,578
Green Acres Tax Rebate Estimate Adjustment: Decrease of$672 672
MFGC LLC Tax Rebate Estimate Adjustement: Decrease of$10870 10,870
Total Reduction In Indebtedness For This Urban Renewal Area: 18,950
Dated this day of November 2021
319.291.4323
Signature of Authorized Official Telephone
Page 106 of 254
EXHIBIT"A"
June 30,2021
Project Designation:San Marnan Tax Increment Development Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
No. Date Of Issuance Source Description of Indebtedness Cumulative
or Expenditure Amount
AMOUNT INCURRED
Land Acquisition FY 1999 $548,856.00 Contract debt $548,856.00
Interest FY 02 $106,427.98 $655,283.98
Interest FY 03 $42,502.01 $697,785.99
Interest FY 04 $16,795.35 $714,581.34
Interest FY 05 $11,094.86 $176,820.20
Interest FY 06 $12,570.24 $82,962.46
Interest FY 07 $12,303.70 $52,764.15
Interest FY 08 $7,665.09 $758,215.23
Road FY 1999
Recording Fees FY 99 Principal $2,373.60 G.O.Bonds $760,588.83
Design&Construction Eng. Principal $15,419.70 G.O.Bonds $776,008.53
Construction of Rd&Sewer Principal $78,364.41 G.O.Bonds $854,372.94
Financing FY 98-00 Interest $64,919.28 G.O.Bonds $919,292.22
GMAC Tax Rebates Principal TIF Rebate
75%2003 $126,460.50 $1,045,752.72
60% 2004 $121,497.60 $1,167,250.32
45%2005 $105,821.10 $1,273,071.42
30% 2006 $72,557.49 $1,345,628.91
15% 2007 $31,691.70 $1,377,320.61
VGM Tax Rebates Principal TIF Rebate
50%2009 $50,788.00 $1,428,108.61
50%2010 $152,742.00 $1,580,850.61
50%2011 $102,094.00 $1,682,944.61
50%2012 $101,146.00 $1,784,090.61
50%2013 $111,138.00 $1,895,228.61
CV Medical HQ Principal TIF Rebate
50%2009 $117,232.07 $2,012,460.68
50%2010 $86,068.00 $2,098,528.68
50%2011 $86,186.00 $2,184,714.68
50%2012 $55,455.01 $2,240,169.69
50%2013 $0.00 $2,240,169.69
WW Grainger,Inc. $2,240,169.69
100%2012 $186,234.00 $2,426,403.69
100%2013 $193,342.00 $2,619,745.69
100%2014 $180,624.00 $2,800,369.69
100%2015 $174,488.00 $2,974,857.69
100%2016 $160,288.00 $3,135,145.69
100%2017 $157,620.00 $3,292,765.69
49%2018 $74,909.00 $3,367,674.69
Financial Resource Advisors(JJB Principal TIF Rebate $3,367,674.69
100%2012 $74,596.00 $3,442,270.69
100%2013 $72,824.00 $3,515,094.69
100%2014 $68,034.00 $3,583,128.69
100%2015 $65,090.00 $3,648,218.69
100%2016 $58,724.00 $3,706,942.69
100%2017 $57,112.00 $3,764,054.69
52%2018 $27,802.00 $3,791,856.69
Cardinal(2nd bld)(before split) Principal TIF Rebate
100%203 $100,128.00 $3,891,984.69
100%2014 $46,216.00 $3,938,200.69
100%20151 $22,240.001 $3,960,440.69
GO America Principal TIF Rebate
Page 107 of 254
EXHIBIT"A"
June 30,2021
Project Designation:San Marnan Tax Increment Development Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
100%2015 $22,451.00 $3,982,891.69
100%2016 $39,068.00 $4,021,959.69
100%2017 $37,660.00 $4,059,619.69
100%2018 $38,374.00 $4,097,993.69
80%2019 $29,446.00 $4,127,439.69
MBAK Principal TIF Rebate
100%2014 $57,124.00 $4,184,563.69
100%2015 $54,500.00 $4,239,063.69
100%2016 $48,906.00 $4,287,969.69
100%2017 $47,398.00 $4,335,367.69
100%2018 $48,836.00 $4,384,203.69
100%2019 $47,312.00 $4,431,515.69
100%2020 $47,098.00 $4,478,613.69
36%2021 $15,656.00 $4,494,269.69
Cardinal Veterans Clinic Principal TIF Rebate
89%2014 $56,326.00 $4,550,595.69
89%2015 $27,073.00 $4,577,668.69
89%2016 $77,873.00 $4,655,541.69
89%2017 $46,934.00 $4,702,475.69
89%2018 $46,361.00 $4,748,836.69
89%2019 $51,994.00 $4,800,830.69
89%2020 $51,758.00 $4,852,588.69
89%2021 $53,796.00 $4,906,384.69
89%2022- $53,796.00 $4,960,180.69
89%2023* $53,796.00 $5,013,976.69
MFGC,LLC Principal TIF Rebate
72%2016 $25,552.00 $5,039,528.69
71%2017 $23,898.00 $5,063,426.69
71%2018 $23,713.00 $5,087,139.69
71%2019 $23,970.00 $5,111,109.69
71%2020 $23,874.00 $5,134,983.69
71%2021 $24,990.00 $5,159,973.69
71%2022* $24,990.00 $5,184,963.69
71%2023* $24,990.00 $5,209,953.69
71%2024* $24,990.00 $5,234,943.69
71%2025* $24,990.00 $5,259,933.69
Hope Martin Anderson Principal TIF Rebate
50%2015 $13,186.00 $5,273,119.69
50%2016 $10,484.00 $5,283,603.69
50%2017 $10,174.00 $5,293,777.69
50%2018 $10,114.00 $5,303,891.69
50%2019 $10,528.00 $5,314,419.69
Green Acres Storage Principal TIF Rebate $5,314,419.69
82%2019 $105,392.00 $5,419,811.69
77%2020 $98,294.00 $5,518,105.69
75%2021 $99,236.00 $5,617,341.69
75%2022- $99,236.00 $5,716,577.69
75%2023* $99,236.00 $5,815,813.69
60%2024* $79,568.00 $5,895,381.69
60%2025* $79,568.00 $5,974,949.69
VGM Expansion Principal TIF Rebate $5,974,949.69
75%2020 $115,644.00 $6,090,593.69
75%2021 $60,153.00 $6,150,746.69
75%2022* $179,679.00 $6,330,425.69
75%2023* $119,526.00 $6,449,951.69
75%2024* $119,526.00 $6,569,477.69
75%2025* $119,526.00 $6,689,003.69
75%2026* $119,526.00 $6,808,529.69
75%2027* $119,526.00 $6,928,055.69
Page 108 of 254
EXHIBIT"A"
June 30,2021
Project Designation:San Marnan Tax Increment Development Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
75%2028- $119,526.00 $7,047,581.69
75%2029- $119,526.00 $7,167,107.69
Taylor Vet Clinic Principal TIF Rebate
95%2022* $38,188.00 $7,205,295.69
95%2023* $38,188.00 $7,243,483.69
95%2024* $38,188.00 $7,281,671.69
94%2025* $38,188.00 $7,319,859.69
94%2026* $37,786.00 $7,357,645.69
95%2027* $37,786.00 $7,395,431.69
95%2028* $37,786.00 $7,433,217.69
Canterbury Court Real Estate LLC Principal TIF Rebate $7,433,217.69
2022* $26,702.00 $7,459,919.69
2023* $26,702.00 $7,486,621.69
2024* $26,702.00 $7,513,323.69
2025* $26,702.00 $7,540,025.69
2026* $25,218.00 $7,565,243.69
2027* $25,218.00 $7,590,461.69
2028* $23,734.00 $7,614,195.69
2029* $23,734.00 $7,637,929.69
2030* $23,140.00 $7,661,069.69
Lost Island Theme Park Principal TIF Rebate $7,661,069.69
2024 $183,043.91 $7,844,113.60
2025 $183,043.91 $8,027,157.51
2026 $183,043.91 $8,210,201.42
2027 $183,043.91 $8,393,245.33
2028 $183,043.91 $8,576,289.24
2029 $183,043.91 $8,759,333.15
2030 $183,043.91 $8,942,377.06
2031 $183,043.91 $9,125,420.97
2032 $183,043.91 $9,308,464.88
2033 $183,043.91 $9,491,508.79
2034 $183,043.91 $9,674,552.70
2035 $183,043.91 $9,857,596.61
2036 $183,043.91 $10,040,640.52
2037 $183,043.91 $10,223,684.43
2038 $183,043.91 $10,406,728.34
2039 $183,043.91 $10,589,772.25
2040 $183,043.91 $10,772,816.16
2041 $183,043.91 $10,955,860.07
2042 $183,043.91 $11,138,903.98
2043 $183,043.91 $11,321,947.89
Locke Realty 8813-09-226-030 Principal TIF Rebate $11,321,947.89
2024 $26,582.00 $11,348,529.89
2025 $26,582.00 $11,375,111.89
2026 $26,582.00 $11,401,693.89
2027 $26,582.00 $11,428,275.89
2028 $26,582.00 $11,454,857.89
CBE Land Purchase Principal $740,000.00 2005 GO Bonds $12,194,857.89
Interest $245,900.00 2005 GO Bonds $12,440,757.89
VGM Access Road Principal $600,000.00 2005 GO Bonds $13,040,757.89
Interest $197,330.00 2005 GO Bonds $13,238,087.89
VGM Fund 406-FY2006 Principal $400,000.00 2006 GO Bonds $13,638,087.89
Interest $223,315.02 2006 GO Bonds $13,861,402.91
San Marnan Development Principal $100,000.00 2007 GO Bonds $13,961,402.91
Fund 407 FY2007 Interest $35,153.50 2007 GO Bonds $13,996,556.41
San Marnan Development Principal $200,000.00 2008 GO Bonds $14,196,556.41
Fund 408 FY2008 Interest $59,000.00 2008 GO Bonds $14,255,556.41
San Marnan Development-Fund Principal ($280,000.00)l 2006 GO Bonds $13,975,556.41
406 -Refund old Debt Interest ($76,862.50)1 2006 GO Bonds $13,898,693.91
Page 109 of 254
EXHIBIT"A"
June 30,2021
Project Designation:San Marnan Tax Increment Development Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
San Marnan Development-Fund Principal $280,000.00 2013 GO Bonds $14,178,693.91
413 -Refinance 406 Funds Interest $23,153.60 2013 GO Bonds $14,201,847.51
San Marnan Development-Fund Principal ($355,000.00) 2005 GO Bonds $13,846,847.51
405 -Refund old Debt Interest ($66,865.00) 2005 GO Bonds $13,779,982.51
San Marnan Development-Fund Principal $355,000.00 2012 GO Bonds $14,134,982.51
412 -Refinance 406 Funds Interest $35,569.00 2012 GO Bonds $14,170,551.51
San Marnan Development-Fund Principal ($445,000.00) 2005 GO Bonds $13,725,551.51
405 -Refund old Debt Interest ($84,160.00) 2005 GO Bonds $13,641,391.51
San Marnan Development-Fund Principal $445,000.00 2012 GO Bonds $14,086,391.51
412 -Refinance 406 Funds Interest $44,575.97 2012 GO Bonds $14,130,967.48
Tower Park Dr&Sewer-FY principal ($57,420.00) 2000 GO Bonds $14,073,547.48
2000 -Refund old Debt interest ($17,678.00) 2000 GO Bonds $14,055,869.48
Tower Park Dr&Sewer-Fund principal $57,420.00 2007 GO Bonds $14,113,289.48
407 -Refinance FY 00 Funds interest $2,232.00 2007 GO Bonds $14,115,521.48
Fund 407-Reallocated from Principal $19,140.80 2007 GO Bonds $14,134,662.28
Logan Ave Interest $6,786.57 $14,141,448.85
Fund 407-Reallocated from Principal $48,071.35 2007 GO Bonds $14,189,520.20
Martin Rd Interest $17,044.18 $14,206,564.38
Fund 408-Reallocated from Principal $75,000.00 2008 GO Bonds $14,281,564.38
Logan Ave Interest $23,750.00 $14,305,314.38
Fund 408-Reallocated from Principal $80,000.00 2008 GO Bonds $14,385,314.38
Martin Rd Interest $25,000.00 $14,410,314.38
Fund 420-Shaulis Road(Tax Principal $2,000,000.00 2020 GO Bonds $16,410,314.38
Exempt) Interest $331,488.89 $16,741,803.27
Principal $2,000,000.00 2021A GO Bonds $18,741,803.27
Fund 421-2021A New Money Interest $217,666.67 $18,959,469.94
L&H Farms Advance $439,179.20 Advance $19,398,649.14
Dry Run Sewer Study(FYI 0) Advance $19.69 Advance $19,398,668.83
Dry Run Sewer Study(FYI 1) Advance $9,539.75 Advance $19,408,208.58
L&H Farms Advance $751,943.25 Advance $20,160,151.83
Env.Site Assessment Advance $5,999.28 Advance $20,166,151.11
FY12 GCVA Principal $16,167.00 Contract $20,182,318.11
FYI GCVA Principal $24,000.00 Contract $20,206,318.11
FY14 GCVA Principal $16,166.66 Contract $20,222,484.77
FY15 GCVA Principal $12,833.34 Contract $20,235,318.11
FY16 GCVA Advance $16,166.67 Contract $20,251,484.78
FY17 GCVA Advance $16,166.68 Contract $20,267,651.46
FY13 L&H Farms Advance $334,109.50 Advance $20,601,760.96
FY14 L&H Farms Advance $857,909.51 Advance $21,459,670.47
FY15 L&H Farms Advance $132,410.50 Advance $21,592,080.97
FY16 L&H Farms Advance $734,031.74 $22,326,112.71
FY15 Administrative Expenses Advance $6,253.74 Advance $22,332,366.45
FY16 Administrative Expenses Advance $4,600.00 $22,336,966.45
FY17 Administrative Expenses Advance $6,955.19 Advance $22,343,921.64
FY16 South Wloo Bus Park Site C Advance $27,895.59 $22,371,817.23
FY17 South Wloo Bus Park Site C Advance $1,410.00 Advance $22,373,227.23
San Marnan Management,Ltd. Advance $750,000.00 Advance $23,123,227.23
Grant
Galactic/Fitzway Dr Extension Advance $48,572.00 Advance $23,171,799.23
Fisher Drive Sewer Ext. Advance $33,786.00 Advance $23,205,585.23
17 San Marnan Rd Work(Paint E Advance $10,095.28 Advance $23,215,680.51
Acquisition South Wloo Bus Park Advance $3,296,000.00 Advance $26,511,680.51
Administrative Expenses FY18 Advance $3,880.00 Advance $26,515,560.51
Salaries FY18 Advance $4,749.99 Advance $26,520,310.50
San Marnan Cont 942 Advance $90,442.54 Advance $26,610,753.04
FY18 GCVA Advance $28,333.34 Advance $26,639,086.38
Administrative Expenses FY19 Advance $890.99 Advance $26,639,977.37
Salaries FY19 Advance $5,359.24 Advance $26,645,336.61
San Marnan Contract 942(Ansb.4 Advance $871,200.25 Advance $27,516,536.86
Page 110 of 254
EXHIBIT"A"
June 30,2021
Project Designation:San Marnan Tax Increment Development Area
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
GROW CV Contract Advance $28,333.32 Advance $27,544,870.18
Land Acquisition L&H FY20 Advance $0.00 Advance $27,544,870.18
GROW CV Contract FY20 Advance $16,166.32 Advance $27,561,036.50
Administrative Expenses FY20 Advance $6,056.00 Advance $27,567,092.50
Salaries FY20 Advance $9,741.07 Advance $27,576,833.57
San Marnan Cont 942 Advance -$22,340.28 Advance $27,554,493.29
GROW CV Contract FY21 Advance $12,125.00 Advance $27,566,618.29
Administrative Expenses FY21 Advance $8,486.00 Advance $27,575,104.29
Salaries FY21 Advance $9,224.20 Advance $27,584,328.49
San Marnan Cont 942 FY21 Advance $0.00 Advance $27,584,328.49
Land Acquisition L&H FY21 Advance $97,534.57 Advance $27,681,863.06
$27,681,863.06
$27,681,863.06
*Estimated
Page 111 of 254
CITY OF WATERLOO
Council Communication
Resolution approving electronic submission of the Tax Increment Finance(TIF)reports to the State of Iowa
for Fiscal Year 2021.
City Council Meeting: 11/29/2021
Prepared: 11/2/2021
ATTACHMENTS:
Description Type
❑ TIF Report Backup Material
SUBJECT: Resolution approving electronic submission of the Tax Increment Finance
(TIF)rports to the State of Iowa for Fiscal Year 2021.
Submitted by: Submitted By:Noel Anderson, Community Planning and Development
Director
Recommended Action: Approval of FY2021 TIF Reports
As a part of the TIF reporting requirements of the Sate of Iowa, the City
Council must approve the submission of the electronic version of the TIF
Summary Statement: expenses, in the State forms and information as required. While the City
Council has previously approved other spreadsheets & reports on this, this
is a step in the process, specifically requiring City Council Approval.
The City of Waterloo utilizes TIF Districts to help revitalize areas and help
Neighborhood Impact: create new areas for business expansion, location, and development. These
reports inform the State of these types of activities.
Data/Analysis and Strategies: Economic Development& Urban Renewal.
Implementation,Accountability, N/A
and Communication:
Expenditure Required/Source of None
Funds:
Page 112 of 254
Annual Urban Renewal Report, Fiscal Year 2020 - 202
Levy Authority Summary
Local Government Name: WATERLOO
Local Government Number: 07GO54
#of Tif
Active Urban Renewal Areas U� Taxing
Districts
WATERLOO URBAN RENEWAL 07008 6
WATERLOO RATH AREA URBAN RENEWAL 07009 4
WATERLOO NE IND URBAN RENEWAL 07015 9
WATERLOO MARTIN RD URBAN RENEWAL 07016 6
WATERLOO SAN MARNAN URBAN RENEWAL 07030 7
WATERLOO CROSSROADS UR TIF 07044 5
EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA 07045 10
TIF Debt Outstanding: 88,300,843
............................................................................................................................................................................................................
TIF Sp.Rev.Fund Cash Balance Amount of 07-01-2020 Cash Balance
as of 07-01-2020: 2,543,362 0 Restricted for LMI
TIF Revenue: 10,101,230
TIF Sp. Revenue Fund Interest: 9,586
Property Tax Replacement Claims 126,029
Asset Sales&Loan Repayments: 523,876
Total Revenue: 10,760,721
Rebate Expenditures: 2,469,341
Non-Rebate Expenditures: 5,666,274
Returned to County Treasurer: 0
Total Expenditures: 8,135,615
rF Sp.Rev.Fund Cash BalanceAmount of 06-30-2021 Cash Balance
�.o.f.06-3 0: 5,168,468 0 Restricted for LMI
Year-End Outstanding TIF
Obligations,Net of TIF Special
Revenue Fund Balance: 74,996,760
Page 113 of 2
M 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Urban Renewal Area Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL
UR Area Number: 07008
UR Area Creation Date: 12/1974
The plan is intended to stengthen
the economy, conserve
substantially sound areas of the
downtown,eliminate blight and
inappropriate uses through a
comprehensive program of
UR Area Purpose: rehabilitation and redevelopment.
Base Increment Increment
Tax Districts within this Urban Renewal Area No. No. Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO URBAN TIF SSMID INCR 070097 070098 0
WATERLOO CITY/WATERLOO SCH/WATERLOO URBAN TIF INCR 070099 070100 0
WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT UR TIF INCR 070219 070220 47,738,040
WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT UR TIF SSMID INCR 070221 070222 40,032,108
WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT GROUT AMD INCR 070261 070262 0
WATERLOO CITY/WATERLOO SCH WATERLOO RIVERFRONT TIF AMD2 INCR 070301 070302 4,835,460
Urban Renewal Area Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 25,530,860 92,832,930 28,670,780 0 -1,852 152,827,878 0 152,827,878
Taxable 0 14,060,929 83,549,639 25,803,702 0 -1,852 127,541,476 0 7,541,476
Homestead Credits
TIF Sp.Rev.Fund Cash Balance Amount of 07-01-2020 Cash Balance
as of 07-01-2020: -666,046 0 Restricted for LMI
TIF Revenue: 3,417,300
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0
Asset Sales&Loan Repayments: 314,788
Total Revenue: 3,732,088
Rebate Expenditures: 447,543
Non-Rebate Expenditures: 2,372,883
Returned to County Treasurer: 0
Total Expenditures: 2,820,426
TIF Sp.Rev.Fund Cash Balance Amount of 06-30-2021 Cash Balance
as of 06-30-2021: 0 Restricted for LMI
Page 114 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Projects For WATERLOO URBAN RENEWAL
Parking Ramps
Description: Rehabilitation of East and West Parking Ramps
Classification: Municipal and other publicly-owned or leased buildings
Physically Complete: Yes
Payments Complete: No
Commercial Street Extension
Description: Funds to pay for Commercial Street Extension Project
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
US 63 Study
Description: Funds for US Hwy 63 Study
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Downtown Riverfront Plan
Payments to consultant for development of the Riverfront
Description: Renaissance Plan
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Downtown Lighting
Description: Funds to pay for downtown lighting project
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Main Street Contract
Description: Funds to pay services to Main Street Waterloo
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Vandewalle Contract
Description: Contract for downtown development services
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
2004 Downtown Redevelopment Consultant
Description: Funds to pay for downtown redevelopment consultant
Classification: Roads,Bridges&Utilities Page 115 of 2
Physically Complete: Yes
Payments Complete: No
2004 Downtown Lighting
Description: Funds to pay for downtown lighting project
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
2005 Downtown Acquisitions
Description: Acquire property for Expo site
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
2006 Downtown Acquisitions
Description: Acquire property for Expo site
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
2004 Downtown Acquisitions
Description: Acquire property for Expo site
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
2007 Downtown Pump Stations
Description: Funds to pay for pump station project
Classification: Water treatment plants,waste treatment plants&lagoons
Physically Complete: Yes
Payments Complete: No
2007 Downtown Parking Ramps
Description: Funds to pay for parking ramp repairs
Classification: Municipal and other publicly-owned or leased buildings
Physically Complete: Yes
Payments Complete: No
2007 Downtown Property Acquisitions
Description: Acquire property for Expo site
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
2007 Downtown Property Acquisitions
Description: Acquire property for Expo site
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
2007 Downtown Development Consultant
Page 116 of 2
Description: Funds to pay for downtown development consultant
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
2008 Downtown Development Consultant
Description: Funds to pay for downtown development consultant
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
2008 Downtown Property Acquisitions
Description: Funds to pay for downtown property acquisitions
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
2008 Public Market
Description: Funds to pay for new Public Market Building
Classification: Municipal and other publicly-owned or leased buildings
Physically Complete: Yes
Payments Complete: No
2008 Downtown Parking Ramps
Description: Funds to pay for parking ramp repairs
Classification: Municipal and other publicly-owned or leased buildings
Physically Complete: Yes
Payments Complete: No
2009 Downtown Parking Ramps
Description: Funds to pay for parking ramp repairs
Classification: Municipal and other publicly-owned or leased buildings
Physically Complete: Yes
Payments Complete: No
2009 Downtown Property Acquisitions
Description: Funds to pay for downtown property acquisitions
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
2009 Downtown Property Acquisitions
Description: Acquisition of properties for new SportsPlex
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
2009 Downtown Development Consultant
Description: Funds to pay for downtown development consultant
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No Page 117 of 2
2010 Downtown Development Consultant
Description: Funds to pay for downtown development consultant
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
2010 Downtown Property Acquisitions
Description: Acquisition of properties for new SportsPlex
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Grand Hotel Acquisition
Description: Grand Hotel Property Acquisition
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Grand Hotel Demolition
Description: Grand Hotel Demolition
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Chuck Orr Development Agreement
Description: Payment to Chuck Orr for redevelopment
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
Pioneer Graphics Development Agreement
Description: Payment to Pioneer Graphics for expansion
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
Courier Development Agreement
Description: Payment to Courier for expansion
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: Yes
NCN Limited Development Agreement
Description: Payment to NCN Limited for property redevelopment
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: Yes
Payments Complete: No
Community National Bank Development Agreement
Description: Payment to Community National Bank for expansion Page 118 of 2
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
Gaymond Schultz Phase I Developent Agreement
Description: Payment to Gaymond Schultz for new construction
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: Yes
Payments Complete: No
2011 Downtown Development Consultant
Description: Funds to pay for downtown development consultant
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
2012 Downtown Development Consultant
Description: Funds to pay for downtown development consultant
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
2012 Downtown Acquisitions
Description: Acquisition of properties for new SportsPlex
Classification: Acquisition of property
Physically Complete: No
Payments Complete: No
2013 Downtown Acquisitions
Description: Acquisition of properties for new SportsPlex
Classification: Acquisition of property
Physically Complete: No
Payments Complete: No
2013 Downtown Development Consultant
Description: Funds to pay for downtown development consultant
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Expo Site Property Acquisition
Funds to pay for Acquisition of Courier property for Expo
Description: Site
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Expo Site Property Acquisition
Funds to pay for Acquisition of Courier property for Expo
Description: Site
Classification: Acquisition of property Page 119 of 2
Physically Complete: Yes
Payments Complete: No
2004 Downtown Acquisitions
Description: Acquire Property for Expo Site
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
2014 Tech Works Project
Description: Funds for Tech Works Project
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
2014 Downtown Acquisitions
Description: Acquisition of properties for entertainment area parking lot
Classification: Acquisition of property
Physically Complete: No
Payments Complete: No
2014 Downtown Development Consultant
Description: Funds to pay for downtown development consultant
Classification: Administrative expenses
Physically Complete: No
Payments Complete: No
HQAA-JSA Development Agreement
Description: Payment to HQAA-JSA for redevelopment
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
Court Square Building Co Development Agreement
Description: Payment to Court Square Building Co for redevelopment
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
Fischels Holdings, LLC Development Agreement
Description: Payment to Fischels Holdings for redevelopement
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
2015 Downtown Development Plan
Description: Funds to pay for downtown development plan
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
2015 Downtown Acquisitions Page 120 of 2
Description: Funds to pay for downtown acquisitions
Classification: Acquisition of property
Physically Complete: No
Payments Complete: No
Administrative Expenses
Description: Payments for administrative expenses
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
JSA Multiple Parcels
Description: Payment to JSA for multiple parcel development agreement
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: Yes
Payments Complete: No
Gaymond Schultz Phase II Development Agreement
Payment to Gaymond Schultz Phase I1 downtown
Description: apartment project
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: No
Payments Complete: No
Gaymond Schultz Phase III Development Agreement
Payment to Gaymond Schultz for Phase III downtown
Description: apartment project
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: No
Payments Complete: No
Court Square Bdlg Company Development Agreement
Payment to Court Square Bldg Co for Court Square Bldg
Description: project
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
Fischels Holdings Development Agreement
Description: Payment to Fischels Holdings for new commercial building
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Hotel President Development Agreement
Payment to Hotel President LLC for redevelopment of
Description: building
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: Yes Page 121 of 2
Payments Complete: No
Grand Crossing LLC Development Agreement (Phase I)
Payment to Grand Crossing LLC for new
Description: commercial/residential building
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: No
Payments Complete: No
Waterloo Industries
Description: Waterloo Industries redevelopment project
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: Yes
Singlespeed Contract
Description: Grant for Singlespeed Project
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
Windows on Waterloo
Description: Windows on Waterloo
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: Yes
Techworks IRD Bond
Description: Techworks IRD Bond
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
Bread to Beer Contract
Description: Grant for Singlespeed project
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: Yes
JSA multiple parcels
Payment for redevelopment of multiple
Description: commercial/residential properties
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: Yes
Payments Complete: No
Twin Trees LLC
Description: Payment for redevelopment of 402-404 E 4th
Commercial-apartment/condos(residential use, classified
Classification: commercial) Page 122 of 2
Physically Complete: Yes
Payments Complete: No
CV Real Estate
Description: Payment for Redevelopment of 300 Commercial St
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: Yes
Payments Complete: No
Arts Mall Properties
Description: Payment for Upper Plaza Development
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: No
Payments Complete: No
Park Ave Lofts
Description: Payment for Redevelopment of Masonic Temple
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: Yes
Payments Complete: No
Ramada Redevelopment
Description: Payment for Ramada Redevelopment
Classification: Commercial-hotels and conference centers
Physically Complete: No
Payments Complete: No
Makenda Hotel (Ramada)
Description: Grant for Ramada Hotel Reconstrcution
Classification: Commercial-hotels and conference centers
Physically Complete: No
Payments Complete: No
3 Stooges
Description: Payment for Commercial Street project
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
QOZ Womm Properties
Description: Payment for development of former flea market site
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: No
Payments Complete: No
Lincoln Savings Bank
Description: Payment for Remodel of Tech 1 Building
Classification: Commercial-office properties Page 123 of 2
Physically Complete: No
Payments Complete: No
2019D Refunded 2011B Bonds
Description: Refinanced Bonds for downtown project
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
2020B GO Bonds (Techworks platting)
Description: Funding for the platting of the Techworks Property
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
2020A GO Bonds (Development Plan )
Description: Funding to pay for the 2020 Development plan
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
2012C GO Bond Refinancied with 2020B
Description: Funding refinanced 2012C bond in 2020B
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
Lincoln Savings Bank Grant
Description: Funding for Lincoln Savings Bank ED Grant
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
Makenda Grant (Best Western)
Description: Funding for Makenda(Best Western)ED Grant
Classification: Commercial-hotels and conference centers
Physically Complete: No
Payments Complete: Yes
GROW Cedar Valley Contract
Description: Funding for contract with GROW Cedar Valley
Classification: Administrative expenses
Physically Complete: No
Payments Complete: No
2011 Demo Funds
Description: Funding for Downtown Demo projects
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Grand Crossing Phase II Page 124 of 2
Description: Funding for rebates for Grand Crossing Phase II
Commercial-apartment/condos(residential use, classified
Classification: commercial)
Physically Complete: Yes
Payments Complete: No
River Lighting Design
Description: Funding for River lighting project
Recreational facilities (lake development,parks,ball fields,
Classification: trails)
Physically Complete: No
Payments Complete: No
Page 125 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Debts/Obligations For WATERLOO URBAN RENEWAL
Gaymond Schultz Rebate - All phases
Debt/Obligation Type: Rebates
Principal: 671,142
Interest: 0
Total: 671,142
Annual Appropriation?: No
Date Incurred: 01/30/2012
FY of Last Payment: 2024
Fischels Holdings, LLC Rebate
Debt/Obligation Type: Rebates
Principal: 15,726
Interest: 0
Total: 15,726
Annual Appropriation?: No
Date Incurred: 11/05/2012
FY of Last Payment: 2025
Main Street
Debt/Obligation Type: Internal Loans
Principal: 60,000
Interest: 0
Total: 60,000
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2021
Administrative Expenses
Debt/Obligation Type: Internal Loans
Principal: 56,976
Interest: 0
Total: 56,976
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2021
CV Real EstatAdvanced Enviro Ashes a ED Grant
Debt/Obligation Type: Other Debt
Principal: 107,445
Interest: 0
Total: 107,445
Annual Appropriation?: No
Date Incurred: 01/01/2021
FY of Last Payment: 2021
Grand Crossing Phase I &II
Debt/Obligation Type: Rebates
Principal: 1,985,844
Interest: 0 Page 126 of 2
Total: 1,985,844
Annual Appropriation?: No
Date Incurred: 12/19/2016
FY of Last Payment: 2039
Hotel President
Debt/Obligation Type: Rebates
Principal: 102,012
Interest: 0
Total: 102,012
Annual Appropriation?: No
Date Incurred: 09/22/2014
FY of Last Payment: 2027
JSA Multi Parcels
Debt/Obligation Type: Rebates
Principal: 381,920
Interest: 0
Total: 381,920
Annual Appropriation?: No
Date Incurred: 12/19/2011
FY of Last Payment: 2021
Twin Trees
Debt/Obligation Type: Rebates
Principal: 76,830
Interest: 0
Total: 76,830
Annual Appropriation?: No
Date Incurred: 06/24/2018
FY of Last Payment: 2025
JSA ED Grant
Debt/Obligation Type: Other Debt
Principal: 230,000
Interest: 0
Total: 230,000
Annual Appropriation?: No
Date Incurred: 01/01/2021
FY of Last Payment: 2021
Bread to Beer Rebates
Debt/Obligation Type: Rebates
Principal: 818,342
Interest: 0
Total: 818,342
Annual Appropriation?: No
Date Incurred: 09/08/2015
FY of Last Payment: 2032
3 Stooges Rebates
Debt/Obligation Type: Rebates
Principal: 20,288
Interest: 0 Page 127 of 2
Total: 20,288
Annual Appropriation?: No
Date Incurred: 03/21/2016
FY of Last Payment: 2027
Downtown Fund 407 Pump Station - Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 175,000
Interest: 11,925
Total: 186,925
Annual Appropriation?: No
Date Incurred: 05/09/2007
FY of Last Payment: 2022
Downtown Fund 407 Pump Station REFUNDED
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -175,000
Interest: -11,925
Total: -186,925
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2022
Downtown Fund 407 Parking Ramp Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 120,000
Interest: 8,100
Total: 128,100
Annual Appropriation?: No
Date Incurred: 05/09/2007
FY of Last Payment: 2022
Downtown Fund 407 Parking Ramp REFUNDED
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -120,000
Interest: -8,100
Total: -128,100
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2022
Downtown Acq Fund 407 Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 35,000
Interest: 2,475
Total: 37,475
Annual Appropriation?: No
Date Incurred: 05/09/2007
FY of Last Payment: 2022
Downtown Acq Fund 407 Exempt REFUNDED
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -35,000
Interest: -2,475
Total: -37,475 Page 128 of 2
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2022
Fund 407 Downtown Dev Plan Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 20,000
Interest: 1,350
Total: 21,350
Annual Appropriation?: No
Date Incurred: 05/09/2007
FY of Last Payment: 2022
Fund 407 Downtown Dev Plan Exempt REFUNDED
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -20,000
Interest: -1,350
Total: -21,350
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2022
Fund 408 Downtown Dev Plan Tax Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 30,000
Interest: 2,320
Total: 32,320
Annual Appropriation?: No
Date Incurred: 05/05/2008
FY of Last Payment: 2023
Fund 408 Downtown Acq Tax Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 30,000
Interest: 2,320
Total: 32,320
Annual Appropriation?: No
Date Incurred: 05/05/2008
FY of Last Payment: 2023
Fund 409 Downtown parking Garages Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 235,000
Interest: 22,388
Total: 257,388
Annual Appropriation?: No
Date Incurred: 05/18/2009
FY of Last Payment: 2024
Fund 409 Downtown Parking Garage exempt REFUNDED
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -235,000
Interest: -22,388
Total: -257,388
Annual Appropriation?: No Page 129 of 2
Date Incurred: 06/01/2017
FY of Last Payment: 2024
2017A Refinance of Fund 409 Downtown Parking Garage
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 235,000
Interest: 14,805
Total: 249,805
Annual Appropriation?: No
Date Incurred: 06/01/2017
FY of Last Payment: 2024
Fund 409 Downtown Acq Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 80,000
Interest: 7,393
Total: 87,393
Annual Appropriation?: No
Date Incurred: 05/18/2009
FY of Last Payment: 2024
Fund 409 Downtown Acq Exempt REFUNDED
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -80,000
Interest: -7,393
Total: -87,393
Annual Appropriation?: No
Date Incurred: 06/01/2017
FY of Last Payment: 2024
2017A Refinance of Fund 409 Downtown Acq
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 80,000
Interest: 6,000
Total: 86,000
Annual Appropriation?: No
Date Incurred: 06/01/2017
FY of Last Payment: 2024
Fund 409 Downtown Development Plan Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 40,000
Interest: 3,696
Total: 43,696
Annual Appropriation?: No
Date Incurred: 05/18/2009
FY of Last Payment: 2024
Fund 409 Downtown Development REFUNDED
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -40,000
Interest: -3,696
Total: -43,696
Annual Appropriation?: No
Date Incurred: 06/01/2017 Page 130 of 2
FY of Last Payment: 2024
2017A Refinance Downtown Development
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 40,000
Interest: 3,000
Total: 43,000
Annual Appropriation?: No
Date Incurred: 06/01/2017
FY of Last Payment: 2024
Downtown Acq Fund 2011
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 385,000
Interest: 61,210
Total: 446,210
Annual Appropriation?: No
Date Incurred: 05/23/2011
FY of Last Payment: 2026
Downtown Demo Fund 411
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 385,000
Interest: 61,210
Total: 446,210
Annual Appropriation?: No
Date Incurred: 05/23/2011
FY of Last Payment: 2026
Downtown Development Plan Fund 411 Taxable
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 60,000
Interest: 8,400
Total: 68,400
Annual Appropriation?: No
Date Incurred: 05/23/2011
FY of Last Payment: 2026
Downtown Development Plan Fund 412 Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 14,000
Interest: 420
Total: 14,420
Annual Appropriation?: No
Date Incurred: 06/08/2012
FY of Last Payment: 2022
Downtown Acq Fund 412 Taxable
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 170,000
Interest: 6,035
Total: 176,035
Annual Appropriation?: No
Date Incurred: 06/08/2012
FY of Last Payment: 2022
Page 131 of 2
Downtown Acq Fund 413 Taxable
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 305,000
Interest: 16,262
Total: 321,262
Annual Appropriation?: No
Date Incurred: 06/08/2012
FY of Last Payment: 2023
Downtown Development Plan Fund 413
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 30,000
Interest: 1,375
Total: 31,375
Annual Appropriation?: No
Date Incurred: 06/08/2012
FY of Last Payment: 2023
Techworks Fund 414 Taxable
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 2,620,000
Interest: 521,476
Total: 3,141,476
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2029
Downtown Development Plan Fund 414
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 40,000
Interest: 3,000
Total: 43,000
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2024
Downtown Acq Fund 414
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 250,000
Interest: 56,547
Total: 306,547
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2024
Fund 414 Downtown Fund 407 Pump Station Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 175,000
Interest: 755
Total: 175,755
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2022
Page 132 of 2
Fund 414 downtown fund 407 Parking Ramp Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 120,000
Interest: 510
Total: 120,510
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2022
Fund 414 Fund 407 Downtown Development plan Refunded 414
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 20,000
Interest: 300
Total: 20,300
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2022
Fund 414 Downtown Acq fund 407 Refund 2014
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 35,000
Interest: 375
Total: 35,375
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2022
2006 GO Fund Refunded 2014
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -55,000
Interest: -2,200
Total: -57,200
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2021
2006 GO Fund Refinanced 2014
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 55,000
Interest: 71
Total: 55,071
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2021
Fund 415 Downtown Development Plan Exempt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 50,000
Interest: 4,500
Total: 54,500
Annual Appropriation?: No
Date Incurred: 06/09/2015
FY of Last Payment: 2025
Page 133 of 2
Fund 415 Downtown Acq
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 100,000
Interest: 9,050
Total: 109,050
Annual Appropriation?: No
Date Incurred: 06/09/2015
FY of Last Payment: 2025
2016 GO Bond
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 60,000
Interest: 4,200
Total: 64,200
Annual Appropriation?: No
Date Incurred: 05/23/2016
FY of Last Payment: 2026
2016 Go Bond
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 150,000
Interest: 11,537
Total: 161,537
Annual Appropriation?: No
Date Incurred: 05/23/2016
FY of Last Payment: 2026
2016 Go Bond Techworks
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 7,835,000
Interest: 2,154,622
Total: 9,989,622
Annual Appropriation?: No
Date Incurred: 05/23/2016
FY of Last Payment: 2036
2016A GO bond refunding 2008A DT Development
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 30,000
Interest: 1,200
Total: 31,200
Annual Appropriation?: No
Date Incurred: 05/23/2016
FY of Last Payment: 2023
2016A Go Bond Refunding 2008A DT development
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 30,000
Interest: 1,200
Total: 31,200
Annual Appropriation?: No
Date Incurred: 05/23/2016
FY of Last Payment: 2023
Page 134 of 2
2008A Bond Refunded with 2016A
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -30,000
Interest: -2,320
Total: -32,320
Annual Appropriation?: No
Date Incurred: 05/23/2016
FY of Last Payment: 2023
2008A GO Bond Refunded with 2016 A
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -30,000
Interest: -1,622
Total: -31,622
Annual Appropriation?: No
Date Incurred: 05/23/2016
FY of Last Payment: 2023
2017A GO Bond
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 60,000
Interest: 11,700
Total: 71,700
Annual Appropriation?: No
Date Incurred: 06/01/2017
FY of Last Payment: 2032
2017C GO Bond IRD
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 7,075,000
Interest: 1,992,992
Total: 9,067,992
Annual Appropriation?: No
Date Incurred: 06/01/2017
FY of Last Payment: 2036
CV Real Estate Rebates
Debt/Obligation Type: Rebates
Principal: 357,600
Interest: 0
Total: 357,600
Annual Appropriation?: No
Date Incurred: 01/22/2019
FY of Last Payment: 2037
Arts Mall Properties Rebates
Debt/Obligation Type: Rebates
Principal: 1,294,960
Interest: 0
Total: 1,294,960
Annual Appropriation?: No
Date Incurred: 12/19/2016
FY of Last Payment: 2041
Page 135 of 2
Park Ave Lofts Rebates
Debt/Obligation Type: Rebates
Principal: 404,752
Interest: 0
Total: 404,752
Annual Appropriation?: No
Date Incurred: 06/08/2015
FY of Last Payment: 2031
2018A GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 70,000
Interest: 10,350
Total: 80,350
Annual Appropriation?: No
Date Incurred: 04/09/2018
FY of Last Payment: 2028
2019A GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 75,000
Interest: 12,600
Total: 87,600
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2029
2019B GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 500,000
Interest: 70,620
Total: 570,620
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2029
2019D Refunded 2011B
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 830,000
Interest: 58,006
Total: 888,006
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2026
2020B GO Bond Techworks Platting
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 31,000
Interest: 3,427
Total: 34,427
Annual Appropriation?: No
Date Incurred: 05/18/2020
FY of Last Payment: 2032
Page 136 of 2
2020AGO Bond Development Plan
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 80,000
Interest: 12,575
Total: 92,575
Annual Appropriation?: No
Date Incurred: 05/18/2020
FY of Last Payment: 2033
2012C GO Bond Refinanced with 2020B
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 260,000
Interest: 940
Total: 260,940
Annual Appropriation?: No
Date Incurred: 05/18/2020
FY of Last Payment: 2023
Downtown Acq Fund 411 REFUNDED with 2019D
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -385,000
Interest: -61,210
Total: -446,210
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2026
Downtown Demo Fund 411 Refunded with 2019D
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -385,000
Interest: -61,210
Total: -446,210
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2026
Downtown Development Plan REFUNDED with 2019D
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -60,000
Interest: -8,400
Total: -68,400
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2026
2012C GO Bond Refunded with 2020B
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -170,000
Interest: -6,035
Total: -176,035
Annual Appropriation?: No
Date Incurred: 05/18/2020
FY of Last Payment: 2022
Page 137 of 2
QOZ 6 Comm Rebates
Debt/Obligation Type: Rebates
Principal: 64,418
Interest: 0
Total: 64,418
Annual Appropriation?: No
Date Incurred: 09/08/2015
FY of Last Payment: 2043
Lincoln Savings Bank Rebates
Debt/Obligation Type: Rebates
Principal: 3,742,080
Interest: 0
Total: 3,742,080
Annual Appropriation?: No
Date Incurred: 10/07/2019
FY of Last Payment: 2043
Makenda LLC (Best Western)
Debt/Obligation Type: Rebates
Principal: 4,390,786
Interest: 0
Total: 4,390,786
Annual Appropriation?: No
Date Incurred: 10/14/2019
FY of Last Payment: 2042
River Lighting Design Design
Debt/Obligation Type: Internal Loans
Principal: 5,937
Interest: 0
Total: 5,937
Annual Appropriation?: No
Date Incurred: 01/21/2020
FY of Last Payment: 2020
Downtown Development Plan fund 412 Exempt REFUNDED 2021 A
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -7,000
Interest: -140
Total: -7,140
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2022
Downtown Acq Fund 413 REFUNDED 2021 B
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -205,000
Interest: -8,325
Total: -213,325
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2023
Page 138 of 2
Downtown Development Plan 2013- REFUNDED 2021A
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -20,000
Interest: -700
Total: -20,700
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2023
2012A GO Bond Refinanced with 2021A
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 7,000
Interest: 131
Total: 7,131
Annual Appropriation?: No
Date Incurred: 06/21/2013
FY of Last Payment: 2022
2013A GO Bonds Refinaced with 2021A
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 20,000
Interest: 576
Total: 20,576
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2023
2013B GO Bonds Refinanced with 2021B
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 205,000
Interest: 799
Total: 205,799
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2023
2021A GO Bond New Money
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 80,000
Interest: 9,906
Total: 89,906
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2023
LSB Grant
Debt/Obligation Type: Other Debt
Principal: -550,000
Interest: 0
Total: -550,000
Annual Appropriation?: No
Date Incurred: 10/07/2019
FY of Last Payment: 2021
Page 139 of 2
Elizabeth Blake
Debt/Obligation Type: Rebates
Principal: 26,478
Interest: 0
Total: 26,478
Annual Appropriation?: No
Date Incurred: 02/05/2021
FY of Last Payment: 2028
Page 140 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Non-Rebates For WATERLOO URBAN RENEWAL
TIF Expenditure Amount: 92,875
Tied To Debt: Downtown Fund 407 Pump Station
-Exempt
Tied To Project: 2005 Downtown Acquisitions
TIF Expenditure Amount: -92,875
Tied To Debt: Downtown Fund 407 Pump Station
REFUNDED
Tied To Project: 2006 Downtown Acquisitions
TIF Expenditure Amount: 65,400
Tied To Debt: Downtown Fund 407 Parking
Ramp Exempt
Tied To Project: 2007 Downtown Pump Stations
TIF Expenditure Amount: -65,400
Tied To Debt: Downtown Fund 407 Parking
Ramp REFUNDED
Tied To Project: 2007 Downtown Parking Ramps
TIF Expenditure Amount: 16,575
Tied To Debt: Downtown Acq Fund 407 Exempt
Tied To Project: 2007 Downtown Property
Acquisitions
TIF Expenditure Amount: -16,575
Tied To Debt: Downtown Acq Fund 407 Exempt
REFUNDED
Tied To Project: 2007 Downtown Property
Acquisitions
TIF Expenditure Amount: 10,900
Tied To Debt: Fund 407 Downtown Dev Plan
Exempt
Tied To Project: 2007 Downtown Development
Consultant
TIF Expenditure Amount: -10,900
Tied To Debt: Fund 407 Downtown Dev Plan
Exempt REFUNDED
Tied To Project: 2007 Downtown Development
Consultant
TIF Expenditure Amount: 11,155
Tied To Debt: Fund 408 Downtown Dev Plan Tax
Exempt
Tied To Project: 2008 Downtown Development
Consultant
TIF Expenditure Amount: 11,155
Tied To Debt: Fund 408 Downtown Acq Tax
Exempt
Tied To Project: 2008 Downtown Property
Acquisitions
TIF Expenditure Amount: 63,604
Page 141 of 2
Tied To Debt: Fund 409 Downtown parking
Garages Exempt
Tied To Project: 2008 Downtown Parking Ramps
TIF Expenditure Amount: -63,604
Tied To Debt: Fund 409 Downtown Parking
Garage exempt REFUNDED
Tied To Project: 2009 Downtown Parking Ramps
TIF Expenditure Amount: 58,705
Tied To Debt: 2017A Refinance of Fund 409
Downtown Parking Garage
Tied To Project: 2009 Downtown Parking Ramps
TIF Expenditure Amount: 22,925
Tied To Debt: Fund 409 Downtown Acq Exempt
Tied To Project: 2009 Downtown Property
Acquisitions
TIF Expenditure Amount: -22,925
Tied To Debt: Fund 409 Downtown Development
REFUNDED
Tied To Project: 2009 Downtown Development
Consultant
TIF Expenditure Amount: 22,400
Tied To Debt: 2017A Refinance of Fund 409
Downtown Acq
Tied To Project: 2009 Downtown Property
Acquisitions
TIF Expenditure Amount: 11,462
Tied To Debt: Fund 409 Downtown Development
Plan Exempt
Tied To Project: 2009 Downtown Property
Acquisitions
TIF Expenditure Amount: -11,462
Tied To Debt: Fund 409 Downtown Development
REFUNDED
Tied To Project: 2009 Downtown Development
Consultant
TIF Expenditure Amount: 11,200
Tied To Debt: 2017A Refinance Downtown
Development
Tied To Project: 2009 Downtown Development
Consultant
TIF Expenditure Amount: 76,430
Tied To Debt: Downtown Acq Fund 2011
Tied To Project: 2010 Downtown Development
Consultant
TIF Expenditure Amount: -76,430
Tied To Debt: Downtown Acq Fund 411
REFUNDED with 2019D
Tied To Project: 2010 Downtown Property
Acquisitions
TIF Expenditure Amount: 76,430
Tied To Debt: Downtown Demo Fund 411 Page 142 of 2
Tied To Project: 2011 Downtown Development
Consultant
TIF Expenditure Amount: -76,430
Tied To Debt: Downtown Demo Fund 411
Refunded with 2019D
Tied To Project: 2011 Downtown Development
Consultant
TIF Expenditure Amount: 12,400
Tied To Debt: Downtown Development Plan
Fund 412 Exempt
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: 88,952
Tied To Debt: Downtown Acq Fund 412 Taxable
Tied To Project: 2013 Downtown Acquisitions
TIF Expenditure Amount: 107,937
Tied To Debt: Downtown Acq Fund 413 Taxable
Tied To Project: 2013 Downtown Acquisitions
TIF Expenditure Amount: 7,280
Tied To Debt: Downtown Development Plan
Fund 412 Exempt
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: 260,253
Tied To Debt: Techworks Fund 414 Taxable
Tied To Project: 2014 Tech Works Project
TIF Expenditure Amount: 11,200
Tied To Debt: Downtown Development Plan
Fund 414
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: 23,895
Tied To Debt: Downtown Acq Fund 414
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: 85,555
Tied To Debt: Fund 414 Downtown Fund 407
Pump Station Exempt
Tied To Project: 2007 Downtown Pump Stations
TIF Expenditure Amount: 60,380
Tied To Debt: Fund 414 downtown fund 407
Parking Ramp Exempt
Tied To Project: 2007 Downtown Parking Ramps
TIF Expenditure Amount: 10,200
Tied To Debt: Fund 414 Fund 407 Downtown
Development plan Refunded 414
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: 15,250
Tied To Debt: Fund 414 Downtown Acq fund 407
Refund 2014
Tied To Project: 2007 Downtown Property
Acquisitions
TIF Expenditure Amount: 11,500 Page 143 of 2
Tied To Debt: Fund 415 Downtown Development
Plan Exempt
Tied To Project: 2015 Downtown Development Plan
TIF Expenditure Amount: 22,930
Tied To Debt: Fund 415 Downtown Acq
Tied To Project: 2015 Downtown Acquisitions
TIF Expenditure Amount: 11,200
Tied To Debt: 2016 GO Bond
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: 28,100
Tied To Debt: 2016 Go Bond
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: 582,467
Tied To Debt: 2016 Go Bond Techworks
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: 10,600
Tied To Debt: 2016A GO bond refunding 2008A
DT Development
Tied To Project: 2008 Downtown Development
Consultant
TIF Expenditure Amount: 10,600
Tied To Debt: 2016A Go Bond Refunding 2008A
DT development
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: -11,155
Tied To Debt: 2008A Bond Refunded with 2016A
Tied To Project: 2008 Downtown Development
Consultant
TIF Expenditure Amount: -11,155
Tied To Debt: 2008A GO Bond Refunded with
2016 A
Tied To Project: 2008 Downtown Property
Acquisitions
TIF Expenditure Amount: 6,800
Tied To Debt: 2017A GO Bond
Tied To Project: Downtown Riverfront Plan
TIF Expenditure Amount: 146,552
Tied To Debt: 2019D Refunded 2011B
Tied To Project: CV Real Estate
TIF Expenditure Amount: 7,100
Tied To Debt: 2018A GO Bonds
Tied To Project: Vandewalle Contract
TIF Expenditure Amount: 7,250
Tied To Debt: 2019A GO Bonds
Tied To Project: CV Real Estate
TIF Expenditure Amount: 63,420
Tied To Debt: 2019B GO Bonds
Tied To Project: Makenda Hotel(Ramada)
Page 144 of 2
TIF Expenditure Amount: -12,400
Tied To Debt: Downtown Development Plan
REFUNDED with 2019D
Tied To Project: Vandewalle Contract
TIF Expenditure Amount: -88,952
Tied To Debt: 2012C GO Bond Refunded with
2020B
Tied To Project: 2012 Downtown Acquisitions
TIF Expenditure Amount: -57,200
Tied To Debt: Downtown Demo Fund 411
Tied To Project: 2011 Demo Funds
TIF Expenditure Amount: 55,071
Tied To Debt: Downtown Demo Fund 411
Tied To Project: 2011 Demo Funds
TIF Expenditure Amount: 10,675
Tied To Debt: Downtown Development Plan
Fund 413
Tied To Project: Vandewalle Contract
TIF Expenditure Amount: 2,422
Tied To Debt: 2020AGO Bond Development Plan
Tied To Project: Vandewalle Contract
TIF Expenditure Amount: 6,475
Tied To Debt: 2020B GO Bond Techworks
Platting
Tied To Project: Vandewalle Contract
TIF Expenditure Amount: 90,498
Tied To Debt: 2012C GO Bond Refinanced with
2020B
Tied To Project: 2012 Downtown Acquisitions
TIF Expenditure Amount: 60,000
Tied To Debt: Main Street
Tied To Project: Main Street Contract
TIF Expenditure Amount: 564,968
Tied To Debt: 2017C GO Bond IRD
Tied To Project: Lincoln Savings Bank
TIF Expenditure Amount: 46,800
Tied To Debt: 2006 GO Fund Refinanced 2014
Tied To Project: 2006 Downtown Acquisitions
TIF Expenditure Amount: 10,400
Tied To Debt: 2006 GO Fund Refinanced 2014
Tied To Project: 2006 Downtown Acquisitions
Page 145 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Rebates For WATERLOO URBAN RENEWAL
820 Sycamore Phase -All Phases
TIF Expenditure Amount: 143,816
Rebate Paid To: Gaymond Schultz
Tied To Debt: Gaymond Schultz Rebate-All
phases
Tied To Project: Gaymond Schultz Phase III
Development Agreement
Projected Final FY of Rebate: 2025
1118 Jefferson
TIF Expenditure Amount: 814
Rebate Paid To: Fischels Holdings,LLC
Tied To Debt: Fischels Holdings,LLC Rebate
Tied To Project: Fischels Holdings Development
Agreement
Projected Final FY of Rebate: 2025
Downtown Waterloo
TIF Expenditure Amount: 82,895
Rebate Paid To: JSA Development,LLC
Tied To Debt: JSA Multi Parcels
Tied To Project: JSA Multiple Parcels
Projected Final FY of Rebate: 2024
500 Sycamore
TIF Expenditure Amount: 33,948
Rebate Paid To: Hotel President
Tied To Debt: Hotel President
Tied To Project: Hotel President Development
Agreement
Projected Final FY of Rebate: 2027
402-404 E 4th Street
TIF Expenditure Amount: 13,318
Rebate Paid To: Twin Trees LLC
Tied To Debt: Twin Trees
Tied To Project: Twin Trees LLC
Projected Final FY of Rebate: 2025
45 W Jefferson Phase I
TIF Expenditure Amount: 108,138
Rebate Paid To: Grand Crossing Phase I
Tied To Debt: Grand Crossing Phase I&II
Tied To Project: Grand Crossing LLC Development
Agreement(Phase 1)
Projected Final FY of Rebate: 2038
1116-1118 Commercial St
Page 146 of 2
TIF Expenditure Amount: 2,536
Rebate Paid To: Three Stooges
Tied To Debt: 3 Stooges Rebates
Tied To Project: 3 Stooges
Projected Final FY of Rebate: 2028
325 Commercial Street
TIF Expenditure Amount: 62,078
Rebate Paid To: Bread to Beer
Tied To Debt: Bread to Beer Rebates
Tied To Project: Bread to Beer Contract
Projected Final FY of Rebate: 2033
Page 147 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL(07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO URBAN TIF SSMID INCR
TIF Taxing District Inc.Number: 070098
TIF Taxing District Base Year: 1973 UR Designation
FY TIF Revenue First Received: 1973 Slum 12/1974
Blighted 12/1974
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/ElectricUtility Total
Assessed 0 0 0 0 0 0 0 0
Taxable 0 0 0 0 0 0 0 0
Homestead Credits im
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 12,842,082 0 0 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL(07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO URBAN TIF INCR
TIF Taxing District Inc.Number: 070100
TIF Taxing District Base Year: 1993 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 0
Taxable 0 0 0 0 0 0 0 0
Homestead Credits MA
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 2,575,217 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 148 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL(07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT UR TIF INCR
TIF Taxing District Inc.Number: 070220
TIF Taxing District Base Year: 2000 UR Designation
FY TIF Revenue First Received: Slum 08/2001
Blighted 08/2001
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 25,396,550 38,459,162 19,352,920 0 -1,852 83,867,418 0 P3,867,418
Taxable 0 13,986,960 34,613,245 17,417,628 0 -1,852 66,486,686 0 66,486,686
Homestead Credits kh 31
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 30,016,520 53,852,750 47,738,040 6,114,710 210,891
FY 2021 TIF Revenue Received: 3,417,300
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL(07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT UR TIF SSMID
1NCR
TIF Taxing District Inc.Number: 070222
TIF Taxing District Base Year: 2000 UR Designation
FY TIF Revenue First Received: Slum 08/2001
Blighted 08/2001
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 134,310 49,981,008 0 0 0 55,249,840 0 055,249,840
Taxable 0 73,969 44,982,910 0 0 0 48,715,232 0 48,715,232
Homestead Credits i 1
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 938,480 48,715,232 40,032,108 8,683,124 299,474
FY 2021 TIF Revenue Received: 0
Page 149 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL(07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RIVERFRONT GROUT AMD
INCR
TIF Taxing District Inc.Number: 070262
TIF Taxing District Base Year: 2003 UR Designation
FY TIF Revenue First Received: 2007 Slum 04/2003
Blighted 04/2003
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 379,770 0 0 0 379,770 0 379,770
Taxable 0 0 341,793 0 0 0 341,793 0 341,793
Homestead Credits R6 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 606,640 0 0 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO URBAN RENEWAL(07008)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH WATERLOO RIVERFRONT TIF AMD2 INCR
TIF Taxing District Inc.Number: 070302
TIF Taxing District Base Year: 2010 UR Designation
FY TIF Revenue First Received: Slum 12/2011
Blighted 12/2011
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 4,012,990 9,317,860 0 0 13,330,850 0 13,330,850
Taxable 0 0 3,611,691 8,386,074 0 0 11,997,765 0 11,997,765
Homestead Credits hL 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 8,495,390 4,835,460 4,835,460 0 0
FY 2021 TIF Revenue Received: 0
Page 150 of 2
♦ Annual Urban Renewal Report, Fi
Urban Renewal Area Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO RATH AREA URBAN RENEWAL
UR Area Number: 07009
UR Area Creation Date: 11/1990
The plan is intended to strengthen
the economy,promote residential,
commercial and industrial
development and redevelopment,
UR Area Purpose: and eliminate blighted areas.
Base Increment Increment
Tax Districts within this Urban Renewal Area No. No. Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO RATH UR TIF INCR 070151 070152 14,739,500
WATERLOO CITY/WATERLOO SCH/WATERLOO RATH AMD 1 INCR 070247 070248 2,858,237
WATERLOO CITY/WATERLOO SCH/WATERLOO RATH AMD2 INCR 070347 070348 1,689,910
WATERLOO CITY AG/WATERLOO SCH/WATERLOO RATH AMD2 INCR 070349 070350 2,370
Urban Renewal Area Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 19,690 33,076,990 39,137,666 3,250,860 0 -91,850 77,198,560 0 77,198,560
Taxable 16,044 18,216,898 35,223,900 2,925,774 0 -91,850 57,576,977 0 57,576,977
Homestead Credits 459
TIF Sp.Rev.Fund Cash Balance Amount of 07-01-2020 Cash Balance
as of 07-01-2020: 192,518 0 Restricted for LMI
TIF Revenue: 668,659
TIF Sp. Revenue Fund Interest: 464
Property Tax Replacement Claims 0
Asset Sales&Loan Repayments: 0
Total Revenue: 669,123
Rebate Expenditures: 117,496
Non-Rebate Expenditures: 179,192
Returned to County Treasurer: 0
Total Expenditures: 296,688
TIF Sp—R—e7rund Cash Balance Amount of 06-30-2021 Cash Balance
as of 06-30-2021: 564,953 0 Restricted for LMI
Page 151 of 2
an Renewal Report, Fisc
Projects For WATERLOO RATH AREA URBAN RENEWAL
Rath Vertical Kill Building Demolition
Description: Demolition of Rath vertical kill building
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Shull Property Acquisitions
Description: Acquisition of Shull properties for redevelopment
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Rath Acquisitions
Acquire several properties around former Rath Packing Co
Description: for redevelopment
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Rath Acquisitions
Acquire several properties around former Rath Packing Co
Description: for redevelopment
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Rath Acquisitions
Acquire several properties around former Rath Packing Co
Description: for redevelopment
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Rath Acquistions
Description: Acquire Rath Cooper and Maintenance Buildings
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Rath Demolitions
Description: Demolition of Rath Cooper and Maintenance Buildings
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
BCRLF
Description: CMC Brownfield redevelopment Page 152 of 2
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
625 Glenwood St Acquisition
Description: Acquire former CMC property
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
1823 Black Hawk St Acquisition
Description: Acquire 1823 Black Hawk Street
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
123 Stanley Ct Acquisition
Description: Acquire 123 Stanley Court
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Public Works Building
Description: Funds for construction of Public Works Building
Classification: Municipal and other publicly-owned or leased buildings
Physically Complete: Yes
Payments Complete: Yes
106-116 E 11th St Acquisition
Description: Punccase NE Iowa Food Bank Building
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: Yes
Rath
Description: Rath
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Rath Acquisitions
Acquire properties around former Rath Packing Co for
Description: redevelopment
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Crystal Distribution Services, Inc Development Agreement
Payments to Crystal Distribution Services, Inc. for
Description: expansion
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes Page 153 of 2
Payments Complete: No
Administrative Expenses
Description: Administrative Expenses
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Bonds Reallocated to Martin Rd
Description: Bonds Reallocated to Martin Rd
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
FY2021 Salaries
Description: FY21 Salaries
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Property Acquisitions
Description: Property Acquisitions
Classification: Acquisition of property
Physically Complete: No
Payments Complete: No
325 W 13th St Acq FY20
Description: Acquisition of 325 W 13th St
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: Yes
Page 154 of 2
an Renewal Rep sc
Debts/Obligations For WATERLOO RATH AREA URBAN RENEWAL
Crystal Distribution Rebate
Debt/Obligation Type: Rebates
Principal: 1,226,434
Interest: 0
Total: 1,226,434
Annual Appropriation?: No
Date Incurred: 08/14/2017
FY of Last Payment: 2029
Fund 406 Taxable
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 50,000
Interest: 2,925
Total: 52,925
Annual Appropriation?: No
Date Incurred: 05/14/2006
FY of Last Payment: 2021
Fun406- Refunded 2006 Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -50,000
Interest: -2,925
Total: -52,925
Annual Appropriation?: No
Date Incurred: 05/14/2006
FY of Last Payment: 2021
Fund 413 Refinanced 2006 Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 50,000
Interest: 1,047
Total: 51,047
Annual Appropriation?: No
Date Incurred: 05/28/2013
FY of Last Payment: 2021
Rath area redevelopment Fund 413
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 120,000
Interest: 6,340
Total: 126,340
Annual Appropriation?: No
Date Incurred: 05/28/2013
FY of Last Payment: 2023
Rath Redevelopment Fun 414- Taxable
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 40,000
Interest: 3,000 Page 155 of 2
Total: 43,000
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2024
Rath Area Redevelopment Fun 415- Taxable
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 125,000
Interest: 11,312
Total. 136,312
Annual Appropriation?: No
Date Incurred: 05/21/2015
FY of Last Payment: 2025
Fund 416- 2016 Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 150,000
Interest: 11,537
Total: 161,537
Annual Appropriation?: No
Date Incurred: 05/23/2016
FY of Last Payment: 2026
Rath fund 415-Reallocated to Martin
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -125,000
Interest: -11,312
Total: -136,312
Annual Appropriation?: No
Date Incurred: 05/21/2015
FY of Last Payment: 2025
Fund 417- G.O. Bonds 2017
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 328,000
Interest: 67,613
Total: 395,613
Annual Appropriation?: No
Date Incurred: 06/01/2017
FY of Last Payment: 2032
2019B GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 95,000
Interest: 13,640
Total: 108,640
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2029
Salaries FY2021
Debt/Obligation Type: Internal Loans
Principal: 13,563
Interest: 0 Page 156 of 2
Total: 13,563
Annual Appropriation?: No
Date Incurred: 06/25/2019
FY of Last Payment: 2021
5 Bees Acq/Demo
Debt/Obligation Type: Internal Loans
Principal: 120,000
Interest: 0
Total: 120,000
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2021
Rath Area Redevelopment Fund 413 REFUNDED 2021B
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -80,000
Interest: -3,220
Total: -83,220
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2023
Taxable GO Bonds Series 2013B Refinanced 2021B
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 80,000
Interest: 309
Total: 80,309
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2023
Taxable GO Bonds Series 2021B New Money
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 600,000
Interest: 43,229
Total: 643,229
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2031
Administrative Expenses
Debt/Obligation Type: Internal Loans
Principal: 3,597
Interest: 0
Total: 3,597
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2021
Crystal Distribution ED Grant FY22
Debt/Obligation Type: Internal Loans
Principal: 2,300,000
Interest: 0
Total: 2,300,000 Page 157 of 2
Annual Appropriation?: No
Date Incurred: 05/17/2021
FY of Last Payment: 2025
Page 158 of 2
an Renewal Rep
Non-Rebates For WATERLOO RATH AREA URBAN RENEWAL
TIF Expenditure Amount: 52,925
Tied To Debt: Fund 406 Taxable
Tied To Project: Rath Acquisitions
TIF Expenditure Amount: -52,925
Tied To Debt: Fund 406 Taxable
Tied To Project: Rath Acquisitions
TIF Expenditure Amount: 51,047
Tied To Debt: Fund 406 Taxable
Tied To Project: Rath Demolitions
TIF Expenditure Amount: 43,120
Tied To Debt: Fund 413 Refinanced 2006 Bonds
Tied To Project: Rath Acquistions
TIF Expenditure Amount: 11,150
Tied To Debt: Rath Redevelopment Fun 414-
Taxable
Tied To Project: Rath Demolitions
TIF Expenditure Amount: 28,662
Tied To Debt: Rath Area Redevelopment Fun
415-Taxable
Tied To Project: Rath Acquistions
TIF Expenditure Amount: 28,100
Tied To Debt: Fund 416-2016 Bonds
Tied To Project: Rath Demolitions
TIF Expenditure Amount: -28,662
Tied To Debt: Rath fund 415-Reallocated to
Martin
Tied To Project: Bonds Reallocated to Martin Rd
TIF Expenditure Amount: 33,215
Tied To Debt: Fund 417-G.O. Bonds 2017
Tied To Project: Rath Acquisitions
TIF Expenditure Amount: 12,560
Tied To Debt: 2019B GO Bonds
Tied To Project: Property Acquisitions
Page 159 of 2
an Renewal Report, Fisc
Rebates For WATERLOO RATH AREA URBAN RENEWAL
1656 Sycamore St
TIF Expenditure Amount: 117,496
Rebate Paid To: Crystal Distribution
Tied To Debt: Crystal Distribution Rebate
Tied To Project: Crystal Distribution Services, Inc
Development Agreement
Projected Final FY of Rebate: 2029
Page 160 of 2
an Renewal Report, Fi
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO RATH AREA URBAN RENEWAL(07009)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RATH UR TIF INCR
TIF Taxing District Inc.Number: 070152
TIF Taxing District Base Year: 1989 UR Designation
FY TIF Revenue First Received: 1990 Slum 11/1990
Blighted 11/1990
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 3,497,720 15,764,310 1,538,300 0 -9,260 20,791,070 0 Jr20,791,070
Taxable 0 1,926,349 14,187,879 1,384,470 0 -9,260 17,489,438 0 17,489,438
Homestead Credits IkL 35
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 6,051,570 14,748,760 14,739,500 9,260 319
FY 2021 TIF Revenue Received: 668,659
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO RATH AREA URBAN RENEWAL(07009)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RATH AMD 1 INCR
TIF Taxing District Inc.Number: 070248
TIF Taxing District Base Year: 2003 UR Designation
FY TIF Revenue First Received: 2007 Slum 06/2004
Blighted 06/2004
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 28,905,240 20,540,276 1,712,560 0 -82,590 52,880,690 0 P52,880,690
Taxable 0 15,919,332 18,486,249 1,541,304 0 -82,590 37,150,506 0 37,150,506
Homestead Credits IL 418
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 49,503,460 3,459,820 2,858,237 601,583 20,748
FY 2021 TIF Revenue Received: 0
Page 161 of 2
an Renewal Report, Fi
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO RATH AREA URBAN RENEWAL(07009)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO RATH AMD2 INCR
TIF Taxing District Inc.Number: 070348
TIF Taxing District Base Year: 2008 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 674,030 2,833,080 0 0 0 3,507,110 0 3,507,110
Taxable 0 371,217 2,549,772 0 0 0 2,920,989 0 2,920,989
Homestead Credits IL 5
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 1,817,200 1,689,910 1,689,910 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO RATH AREA URBAN RENEWAL(07009)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO RATH AMD2 INCR
TIF Taxing District Inc.Number: 070350
TIF Taxing District Base Year: 2008 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 19,690 0 0 0 0 0 19,690 0 19,690
Taxable 16,044 0 0 0 0 0 16,044 0 16,044
Homestead Credits bob 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 17,320 2,370 2,370 0 0
FY 2021 TIF Revenue Received: 0
Page 162 of 2
♦ Annual Urban Renewal Report, Fiscal Year 202
Urban Renewal Area Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL
UR Area Number: 07015
UR Area Creation Date: 02/1993
The plan is intended to strengthen
the economy,promote commercial
and industrial development,
expansion of existing business and
industry and attraction of new
UR Area Purpose: industry.
Base Increment Increment
Tax Districts within this Urban Renewal Area No. No. Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO NE IND UR TIF INCR 070181 070182 1,109,630
WATERLOO CITY AG/WATERLOO SCH/WATERLOO NE IND UR TIF INCR 070183 070184 0
WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD 1 INCR 070263 070264 0
WATERLOO CITY AG/WATERLOO SCH/WATERLOO NORTHEAST IND AMD 1 INCR 070265 070266 0
WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD2 INCR 070343 070344 0
WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD3-4 INCR 070355 070356 0
WATERLOO CITY AG/WATERLOO SCH/WATERLOO NORTHEAST IND AMD3-4 INCR 070357 070358 0
WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD5 INCR 070367 070368 0
WATERLOO CITY AG/WATERLOO SCH/WATERLOO NORTHEAST IND AMD5 INCR 070369 070370 0
Urban Renewal Area Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 720,820 826,390 43,191,050 6,978,340 0 -1,852 51,913,948 0 51,913,948
Taxable 587,344 455,128 38,871,945 6,280,506 0 -1,852 46,335,002 0 46,335,002
Homestead Credits
TIF Sp.Rev.Fund Cash Balance Amount of 07-01-2020 Cash Balance
as of 07-01-2020: -55,460 0 Restricted for LMI
TIF Revenue: 38,594
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0
Asset Sales&Loan Repayments: 0
Total Revenue: 38,594
Rebate Expenditures: 0
Non-Rebate Expenditures: 298,242
Returned to County Treasurer: 0
Total Expenditures: 298,242
Rev. and Cash Balance Amount of 06-30-2021 Cash Balance
as of 06-30-2021: -315,108 0 Restricted for LMI
Page 163 of 2
rban Renewal Report, Fiscal Year 20
Projects For WATERLOO NE IND URBAN RENEWAL
New Road Construction
Description: Construct new road for industrial development
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
New Road Construction
Description: Construct new road for industrial development
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
New Road Construction
Description: Construct new road for industrial development
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Ferguson Enterprises Land Acquisition
Description: Purchase of land for Ferguson Enterprises
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Ferguson Enterprises Development Agreement
Description: Payments to Ferguson Enterprises for new construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
Veteran Enterprises, LTD Development Agreement
Description: Payments to Veteran Enterprises for new construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
3137 Independence Ave Acquisition
Description: Acquisition of 3137 Independence Ave
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Industrial Park Platting
Description: Plat lots for future development
Classification: Administrative expenses
Physically Complete: No Page 164 of 2
Payments Complete: No
Sanitary Sewer Extension
Description: Construct Sanitary Sewer Extension for Development
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
Twin City Tannery Development Agreement
Description: Payments to Twin City Tannery for Improvements
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
GROW Cedar Valley
Payment to GROW CV for Economic Development
Description: Services
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Administrative Expenses
Description: Payments for Administrative Expenses
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
JDE Engineering Sanitary Sewer, Water Main Design & CRS
Description: Payments to JDE Engineering for utility design and CRS
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: Yes
NE Sanitary Sewer, Water Main Project
Description: Payments to Contractor for utility construction
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: Yes
Willard Frost Land Acquisition
Description: Payments to Willard Frost for acquisition of land
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: Yes
Northeast Site Grading
Description: Payments to Contractor for Grading of site
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
Via Rail Contract
Description: Payment for Rail design in NE Industrial Page 165 of 2
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
Great Plains Survey Contract
Description: Payment for survey work on NE Industrial Site
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
ME Engineering CRS Contract
Description: Payment for CRS Contract for NE Industrial Park
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
MMS Land Survey Wetlands
Description: Payment for Wetlands Survey work in NE Industrial Park
Classification: Administrative expenses
Physically Complete: No
Payments Complete: No
Newell Street Improvments
Description: Payment for Newell Street Improvments
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
1031 Exchange Rottinghaus Land Acq
Description: Payment for Rottinghaus land Acq
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: Yes
2020 GO Bonds (Con-trol Grant)
Description: Payment for Con-trol project Grant
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
2020 GO Bonds (Wetlands Restoration)
Description: Payment for Wetland Restoration Project
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
2021 Salaries
Description: Payment for FY2021 Salaries
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Page 166 of 2
MLK Wetlands AECOM Contract
Description: Payment of MLK Wetland AECOM Contract
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
4FI Properties Rebates
Description: Payment of 417I project rebates
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Page 167 of 2
rban Renewal Report, Fiscal Year
Debts/Obligations For WATERLOO NE IND URBAN RENEWAL
2013 G.O. Bonds (Independence Ave Acquisition
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 75,000
Interest: 5,975
Total: 80,975
Annual Appropriation?: No
Date Incurred: 05/28/2013
FY of Last Payment: 2023
2013 G.O. Bonds (Platting Lots for development)
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 15,000
Interest: 687
Total: 15,687
Annual Appropriation?: No
Date Incurred: 05/28/2013
FY of Last Payment: 2023
2014 G.O. Bonds (Sanitary Sewer Extension)
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 135,000
Interest: 10,350
Total: 145,350
Annual Appropriation?: No
Date Incurred: 05/12/2014
FY of Last Payment: 2024
2020 GO Bonds Con-trol Grant
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 1,515,000
Interest: 158,423
Total: 1,673,423
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2033
2020 GO Bonds Wetlands Restoration
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 200,000
Interest: 28,288
Total: 228,288
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2034
GROW Cedar Valley
Debt/Obligation Type: Internal Loans
Principal: 60,750
Interest: 0 Page 168 of 2
Total: 60,750
Annual Appropriation?: No
Date Incurred: 01/21/2020
FY of Last Payment: 2021
Land Survey Wetlands MMS
Debt/Obligation Type: Internal Loans
Principal: 2,381
Interest: 0
Total. 2,381
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2021
Salaries 2021
Debt/Obligation Type: Internal Loans
Principal: 9,193
Interest: 0
Total: 9,193
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2021
Administrative Expenses
Debt/Obligation Type: Internal Loans
Principal: 5,035
Interest: 0
Total: 5,035
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2021
MLK Wetlands AECOM Contract
Debt/Obligation Type: Internal Loans
Principal: 17,079
Interest: 0
Total: 17,079
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2021
4FI Properties LLC
Debt/Obligation Type: Rebates
Principal: 1,520,208
Interest: 0
Total: 1,520,208
Annual Appropriation?: No
Date Incurred: 10/28/2019
FY of Last Payment: 2031
2013 GO Bonds Refi 2021A
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 10,000
Interest: 288 Page 169 of 2
Total: 10,288
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2023
2013 GO Bonds Refi 2021B
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 50,000
Interest: 192
Total: 50,192
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2023
2021B GO Bonds New Money
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 5,000
Interest: 9
Total: 5,009
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2022
2013 GO Bonds Refund Inde
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -50,000
Interest: -2,012
Total: -52,012
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2023
2013 GO Bonds Refund Platt
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -10,000
Interest: -350
Total: -10,350
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2023
Page 170 of 2
rban Renewal Report, Fiscal Year 20
Non-Rebates For WATERLOO NE IND URBAN RENEWAL
TIF Expenditure Amount: 26,950
Tied To Debt: 2013 G.O.Bonds(Independence
Ave Acquisition
Tied To Project: 3137 Independence Ave
Acquisition
TIF Expenditure Amount: 5,337
Tied To Debt: 2013 G.O. Bonds(Platting Lots for
development)
Tied To Project: Industrial Park Platting
TIF Expenditure Amount: 34,050
Tied To Debt: 2014 G.O.Bonds(Sanitary Sewer
Extension)
Tied To Project: Sanitary Sewer Extension
TIF Expenditure Amount: 135,388
Tied To Debt: 2020 GO Bonds Con-trol Grant
Tied To Project: 2020 GO Bonds (Con-trol Grant)
TIF Expenditure Amount: 18,688
Tied To Debt: 2020 GO Bonds Wetlands
Restoration
Tied To Project: 2020 GO Bonds (Wetlands
Restoration)
TIF Expenditure Amount: 60,750
Tied To Debt: GROW Cedar Valley
Tied To Project: GROW Cedar Valley
TIF Expenditure Amount: 17,079
Tied To Debt: MLK Wetlands AECOM Contract
Tied To Project: MLK Wetlands AECOM Contract
Page 171 of 2
rban Renewal Report, Fiscal Year
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL(07015)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO NE IND UR TIF INCR
TIF Taxing District Inc.Number: 070182
TIF Taxing District Base Year: 1992 UR Designation
FY TIF Revenue First Received: 1999 Slum No
Blighted No
Subject to a Statutory end date? No Economic Development 02/1993
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 452,320 21,695,900 1,750,250 0 -1,852 24,095,818 04,095,818
Taxable 0 249,112 19,526,310 1,575,225 0 -1,852 21,490,726 0 21,490,726
Homestead Credits 3
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 762,520 21,490,726 1,109,630 20,381,096 702,927
FY 2021 TIF Revenue Received: 38,594
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL(07015)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO NE IND UR TIF INCR
TIF Taxing District Inc.Number: 070184
TIF Taxing District Base Year: 1992 UR Designation
FY TIF Revenue First Received: 2012 Slum No
Blighted No
Subject to a Statutory end date? No Economic Development 02/1993
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 482,270 0 0 0 0 0 482,270 0 482,270
Taxable 392,967 0 0 0 0 0 392,967 0 L,167
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 572,289 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 172 of 2
rban Renewal Report, Fiscal Year 2020 - 2021 -
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL(07015)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD 1
1NCR
TIF Taxing District Inc.Number: 070264
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2007 UR Designation
Slum No
Subject to a Statutory end date? Yes Blighted No
Fiscal year this TIF Taxing District Economic Development 04/2004
statutorily ends: 2027
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 20,817,380 0 0 0 20,817,380 0 P20,817,380
Taxable 0 0 18,735,642 0 0 0 18,735,642 0 18,735,642
Homestead Credits 116 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 6,441 18,735,642 0 18,735,642 646,176
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL(07015)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO NORTHEAST IND AMD 1
1NCR
TIF Taxing District Inc.Number: 070266
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2007 UR Designation
Slum No
Subject to a Statutory end date? Yes Blighted No
Fiscal year this TIF Taxing District Economic Development 04/2004
statutorily ends: 2027
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 _
Taxable 0 0 0 0 0 0 0 00
Homestead Credits
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 0 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 173 of 2
rban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL(07015)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD2 INCR
TIF Taxing District Inc.Number: 070344
TIF Taxing District Base Year: 2016 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 5,228,090 0 0 5,228,090 0 5,228,090
Taxable 0 0 0 4,705,281 0 0 4,705,281 0 4,705,281
Homestead Credits 6 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 4,526,940 701,150 0 701,150 24,182
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL(07015)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD3-4
1NCR
TIF Taxing District Inc.Number: 070356
TIF Taxing District Base Year: 2016 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 374,070 677,770 0 0 0 1,051,840 0 P 1,051,840
Taxable 0 206,016 609,993 0 0 0 816,009 0 r 816,009
Homestead Credits IL 2
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 963,800 88,040 0 88,040 3,036
FY 2021 TIF Revenue Received: 0
Page 174 of 2
rban Renewal Report, Fiscal Year
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL(07015)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO NORTHEAST IND AMD3-4
INCR
TIF Taxing District Inc.Number: 070358
TIF Taxing District Base Year: 2016 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 213,390 0 0 0 0 0 213,390 0 213,390
Taxable 173,876 0 0 0 0 0 173,876 0 173,876
Homestead Credits EL 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 332,160 0 0 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL(07015)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO NORTHEAST IND AMD5 INCR
TIF Taxing District Inc.Number: 070368
TIF Taxing District Base Year: 2016 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 _
Taxable 0 0 0 0 0 0 0 00
Homestead Credits
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 0 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 175 of 2
rban Renewal Report, Fiscal Year
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO NE IND URBAN RENEWAL(07015)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO NORTHEAST IND AMD5
1NCR
TIF Taxing District Inc.Number: 070370
TIF Taxing District Base Year: 2017 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 25,160 0 0 0 0 0 25,160 0 _25,160
Taxable 20,501 0 0 0 0 0 20,501 0 20,501
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 41,410 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 176 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Urban Renewal Area Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL
UR Area Number: 07016
UR Area Creation Date: 11/1996
The plan is intended to strengthen
the economy,promote commercial
and industrial development,
expansion of existing business and
industry and attraction of new
UR Area Purpose: industry.
Base Increment Increment
Tax Districts within this Urban Renewal Area No. No. Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO MARTIN ROAD AMD 1 INCR 070249 070250 8,473,611
WATERLOO CITY/WATERLOO SCH/MARTIN RD ECON DEV TIF AMD 3-5 INCR 070331 070332 11,159,470
WATERLOO CITY AG/WATERLOO SCH/MARTIN RD ECON DEV TIF AMD 3-5 INCR 070333 070334 0
WATERLOO CITY/HUDSON SCH/MARTIN RD ECON TIF AMD 2 INCR 070335 070336 536,610
WATERLOO CITY/WATERLOO SCH/MARTIN RD ECON DEV TIF AMD 2 INCR 070337 070338 6,862,946
WATERLOO CITY AG/WATERLOO SCH/MARTIN RD ECON DEV TIF AMD 2 INCR 070339 070340 0
Urban Renewal Area Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 400,130 3,492,100 41,114,383 1,545,730 0 -3,704 46,588,986 0 W46,588,986
Taxable 326,038 1,923,254 37,002,945 1,391,157 0 -3,704 40,668,437 0 40,668,437
Homestead Credits 9
TIF Sp.Rev.Fund Cash Balance Amount of 07-01-2020 Cash Balance
as of 07-01-2020: -285,373 0 Restricted for LMI
TIF Revenue: 949,515
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0
Asset Sales&Loan Repayments: 209,088
Total Revenue: 1,158,603
Rebate Expenditures: 594,620
Non-Rebate Expenditures: 251,493
Returned to County Treasurer: 0
Total Expenditures: 846,113
TIF Sp.Rev.Fund Cash Balance Amount of 06-30-2021 Cash Balance
as of 06-30-2021: ,117 0 Restricted for LMI
Page 177 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Projects For WATERLOO MARTIN " URBAN RENEWAL
Martin Road Construction
Description: Paving of Martin Road
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Denso Sewer Project
Description: Construct Sewer and Utilities to new Denso Site
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Denso Sewer Project
Description: Construct Sewer and Utilities to new Denso Site
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Martin Road Construction
Description: Paving of Martin Rd
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Denso International Construction
Description: Property work for new construction
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Ridgeway Avenue Improvements
Description: Improvements to W Ridgeway Avenue
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Wilbert Burial Vault Development Agreement
Description: Payments to Wilbert Burial Vault for new construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
Young Development Development Agreement
Description: Payments to Young Development for new construction
Classification: Commercial-retail
Physically Complete: Yes Page 178 of 2
Payments Complete: No
Stephen Riley Development Agreement
Description: Payments to Stepen Riley for new construction
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
Mauer Eye Center Development Agreement
Description: Payments to Mauer Eye Center for new construction
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
JARF Development Agreement
Description: Payments to JARF for new construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
Watessa Development Agreement
Description: Payments to Watessa for new construction
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
Deer Creek Development Agreement
Description: Payments to Deer Creek Development
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
PTL Properties, LLC Development Agreement
Description: Payments to PTL Properties,LLC for new construction
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
SVW Properties, LLC Development Agreement
Description: Payments to SVW Properties,LLC for new construction
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
Avita Development Agreement
Description: Payments to Avita Development for new construction
Classification: Commercial-Medical
Physically Complete: Yes
Payments Complete: No
Senad Dizdarevic Development Agreement
Description: Payments to Senad Dizdarevic for new construction Page 179 of 2
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
Harold Youngblut Property Acquisition
Description: Payment to Harold Youngblut for Property Acquisition
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: Yes
Deer Creek Development Grant
Description: Grant Payment to Deer Creek Development
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: Yes
Administrative Expenses
Description: Payments for administrative expenses
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Prairie Legacy Ventures (Hawkeye Stages) Grant
Payment to Hawkeye Stages for Economic Development
Description: Grant
Classification: Commercial-warehouses and distribution facilities
Physically Complete: No
Payments Complete: Yes
AS Commercial (Wienands) Development Agreement
Description: Payments to Wienands for Economic Development Grant
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: Yes
Property Acquisition
Description: Acquisition of property for future economic development
Classification: Acquisition of property
Physically Complete: No
Payments Complete: No
Baldwin Grant
Description: Grant to Baldwins for land for Project
Classification: Commercial-warehouses and distribution facilities
Physically Complete: No
Payments Complete: Yes
Baldwin Grant Credit
Description: Credit for Baldwin Grant for land for Project
Classification: Commercial-warehouses and distribution facilities
Physically Complete: No
Payments Complete: Yes
Page 180 of 2
Reallocated Bonds
Description: Reallocated Bonds
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
FY21Salaries
Description: Staff Salaries for FY 2021
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Brock 3rd Addition Plat Cont 954
Description: Payment for plat of Brock 3rd Addition
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
BCS Properties- Reserves I Development Agreement
Description: Payments to BCS Properties for new construction
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
Cardinal Construction Development Agreement
Description: Payments to Cardinal Construction for new construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: No
Payments Complete: No
Sanitary Sewer Extension to Brock Additions
Payments for Sanitary sewer Extension for development
Description: ground
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
CRF Rentals Rebates
Payments for Construction of warehouse building Charm
Description: Drive
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
Loves Travel Stop
Description: Payment for construction of Travel Stop
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
JAS Investments (Gubbels Heating)
Page 181 of 2
Description: Payments for construction of new facility
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
Brock Sanitary Sewer Easement
Description: Payment for sanitary Sewer Easement
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: Yes
Brock 2nd Addition Cont 986
Description: Payment for Brock 2nd Addition
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Warren Transport Rebates
Description: Payment for Warren Transport Rebates
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
M&K Electric Rebates
Description: Payment for M&K Electric Development Rebates
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
Fusion Investments
Description: Fusion Investment
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
Page 182 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Debts/Obligations For WATERLOO MARTIN RD URBAN RENEWAL
Watessa Rebate
Debt/Obligation Type: Rebates
Principal: 18,016
Interest: 0
Total: 18,016
Annual Appropriation?: No
Date Incurred: 09/02/2008
FY of Last Payment: 2021
Deer Creek Development Rebate
Debt/Obligation Type: Other Debt
Principal: 1,000,000
Interest: 0
Total: 1,000,000
Annual Appropriation?: No
Date Incurred: 10/16/2006
FY of Last Payment: 2026
PTL Properties, LLC Rebate
Debt/Obligation Type: Rebates
Principal: 18,132
Interest: 0
Total: 18,132
Annual Appropriation?: No
Date Incurred: 09/21/2009
FY of Last Payment: 2022
SVW Properties, LLC Rebate
Debt/Obligation Type: Rebates
Principal: 18,912
Interest: 0
Total: 18,912
Annual Appropriation?: No
Date Incurred: 09/21/2009
FY of Last Payment: 2022
Avita Rebate
Debt/Obligation Type: Rebates
Principal: 48,844
Interest: 0
Total: 48,844
Annual Appropriation?: No
Date Incurred: 05/20/2013
FY of Last Payment: 2023
Senad Dizdarevic Rebate
Debt/Obligation Type: Rebates
Principal: 36,084
Interest: 0 Page 183 of 2
Total: 36,084
Annual Appropriation?: No
Date Incurred: 02/03/2014
FY of Last Payment: 2025
BCS Properties (Reserves at Ridgeway) Rebate
Debt/Obligation Type: Rebates
Principal: 1,871,744
Interest: 0
Total: 1,871,744
Annual Appropriation?: No
Date Incurred: 03/30/2015
FY of Last Payment: 2034
M & K Electric Rebate
Debt/Obligation Type: Rebates
Principal: 19,944
Interest: 0
Total: 19,944
Annual Appropriation?: No
Date Incurred: 08/08/2016
FY of Last Payment: 2024
JAS Investments (Gubbels) Rebates
Debt/Obligation Type: Rebates
Principal: 179,304
Interest: 0
Total: 179,304
Annual Appropriation?: No
Date Incurred: 03/28/2016
FY of Last Payment: 2028
Prairie Legacy Ventures (Hawkeye Stages) Rebates
Debt/Obligation Type: Rebates
Principal: 148,108
Interest: 0
Total: 148,108
Annual Appropriation?: No
Date Incurred: 09/14/2015
FY of Last Payment: 2028
Cardinal Construction Rebate
Debt/Obligation Type: Rebates
Principal: 261,060
Interest: 0
Total: 261,060
Annual Appropriation?: No
Date Incurred: 08/07/2017
FY of Last Payment: 2025
Brock 3rd Addition Plat Cont 954
Debt/Obligation Type: Other Debt
Principal: 21,211
Interest: 0 Page 184 of 2
Total: 21,211
Annual Appropriation?: No
Date Incurred: 08/06/2018
FY of Last Payment: 2021
Loves Travel Stop Rebate
Debt/Obligation Type: Rebates
Principal: 547,962
Interest: 0
Total: 547,962
Annual Appropriation?: No
Date Incurred: 10/17/2016
FY of Last Payment: 2027
FY21 Salaries
Debt/Obligation Type: Internal Loans
Principal: 7,739
Interest: 0
Total: 7,739
Annual Appropriation?: No
Date Incurred: 06/22/2020
FY of Last Payment: 2021
AS Commercial Phase I Rebate
Debt/Obligation Type: Rebates
Principal: 148,230
Interest: 0
Total: 148,230
Annual Appropriation?: No
Date Incurred: 03/07/2016
FY of Last Payment: 2024
Fund 406- Taxable Martin Rd GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 10,000
Interest: 585
Total: 10,585
Annual Appropriation?: No
Date Incurred: 05/22/2006
FY of Last Payment: 2021
Fund 406- Refunded Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -10,000
Interest: -585
Total: -10,585
Annual Appropriation?: No
Date Incurred: 05/22/2006
FY of Last Payment: 2021
Fund413 Refinanced 406GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 10,000
Interest: 232
Total: 10,232 Page 185 of 2
Annual Appropriation?: No
Date Incurred: 05/20/2013
FY of Last Payment: 2021
Fund 411- Taxable Martin Rd GO Bond
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 60,000
Interest: 9,220
Total: 69,220
Annual Appropriation?: No
Date Incurred: 05/23/2011
FY of Last Payment: 2026
Fund 415- Taxable Martin Rd GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 30,000
Interest: 2,715
Total: 32,715
Annual Appropriation?: No
Date Incurred: 06/09/2015
FY of Last Payment: 2025
Fund 416- Taxable Martin Rd GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 180,000
Interest: 13,845
Total: 193,845
Annual Appropriation?: No
Date Incurred: 05/23/2016
FY of Last Payment: 2026
Fund 417- Martin Rd GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 1,485,000
Interest: 306,612
Total: 1,791,612
Annual Appropriation?: No
Date Incurred: 06/01/2016
FY of Last Payment: 2032
GO Bonds 415- Taxable (Transfer from Rath)
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 125,000
Interest: 11,312
Total: 136,312
Annual Appropriation?: No
Date Incurred: 06/09/2015
FY of Last Payment: 2025
GO Bond Series 2019A
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 90,000
Interest: 13,500
Total: 103,500
Annual Appropriation?: No Page 186 of 2
Date Incurred: 06/25/2019
FY of Last Payment: 2029
CRF Rentals Rebates
Debt/Obligation Type: Rebates
Principal: 37,042
Interest: 0
Total: 37,042
Annual Appropriation?: Yes
Date Incurred: 03/05/2018
FY of Last Payment: 2027
Warren Transport Rebates
Debt/Obligation Type: Rebates
Principal: 1,149,184
Interest: 0
Total: 1,149,184
Annual Appropriation?: No
Date Incurred: 11/18/2019
FY of Last Payment: 2035
Fusion Investments
Debt/Obligation Type: Rebates
Principal: 720,000
Interest: 0
Total: 720,000
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2033
Fusion INvestments Grant
Debt/Obligation Type: Internal Loans
Principal: 40,000
Interest: 0
Total: 40,000
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2021
Page 187 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Non-Rebates For WATERLOO MARTIN RD URBAN RENEWAL
TIF Expenditure Amount: 10,585
Tied To Debt: Fund 406-Taxable Martin Rd GO
Bonds
Tied To Project: Denso International Construction
TIF Expenditure Amount: -10,585
Tied To Debt: Fund 406-Refunded Bonds
Tied To Project: Denso International Construction
TIF Expenditure Amount: 10,232
Tied To Debt: Fund413 Refinanced 406GO Bonds
Tied To Project: Property Acquisition
TIF Expenditure Amount: 12,550
Tied To Debt: Fund 411-Taxable Martin Rd GO
Bond
Tied To Project: Property Acquisition
TIF Expenditure Amount: 6,879
Tied To Debt: Fund 415-Taxable Martin Rd GO
Bonds
Tied To Project: Property Acquisition
TIF Expenditure Amount: 33,720
Tied To Debt: Fund 416-Taxable Martin Rd GO
Bonds
Tied To Project: Brock 3rd Addition Plat Cont 954
TIF Expenditure Amount: 146,750
Tied To Debt: Fund 417-Martin Rd GO Bonds
Tied To Project: Property Acquisition
TIF Expenditure Amount: 28,662
Tied To Debt: GO Bonds 415-Taxable(Transfer
from Rath)
Tied To Project: Reallocated Bonds
TIF Expenditure Amount: 12,700
Tied To Debt: GO Bond Series 2019A
Tied To Project: Brock Sanitary Sewer Easement
Page 188 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Rebates For WATERLOO MARTIN RD URBAN RENEWAL
3121 Greyhound Dr
TIF Expenditure Amount: 18,018
Rebate Paid To: Watessa
Tied To Debt: Watessa Rebate
Tied To Project: Watessa Development Agreement
Projected Final FY of Rebate: 2021
Greenbelt Center
TIF Expenditure Amount: 200,000
Rebate Paid To: Deer Creek Development
Tied To Debt: Deer Creek Development Rebate
Tied To Project: Deer Creek Development
Agreement
Projected Final FY of Rebate: 2026
3013 Greyhound Dr
TIF Expenditure Amount: 7,630
Rebate Paid To: PTL Properties,LLC
Tied To Debt: PTL Properties,LLC Rebate
Tied To Project: PTL Properties,LLC Development
Agreement
Projected Final FY of Rebate: 2022
3015 Greyhound Dr
TIF Expenditure Amount: 8,024
Rebate Paid To: SVW Properties,LLC
Tied To Debt: SVW Properties,LLC Rebate
Tied To Project: SVW Properties,LLC
Development Agreement
Projected Final FY of Rebate: 2022
2413 W Ridgeway Ave
TIF Expenditure Amount: 16,408
Rebate Paid To: Avita Developments,LLC
Tied To Debt: Avita Rebate
Tied To Project: Avita Development Agreement
Projected Final FY of Rebate: 2023
3135 Marnie Ave
TIF Expenditure Amount: 5,594
Rebate Paid To: Senad Dizdarevic
Tied To Debt: Senad Dizdarevic Rebate
Tied To Project: Senad Dizdarevic Development
Agreement
Projected Final FY of Rebate: 2026
1850 W Ridgeway AVE
TIF Expenditure Amount: 133,696 Page 189 of 2
Rebate Paid To: BCS Properties Reserves I
Tied To Debt: BCS Properties (Reserves at
Ridgeway)Rebate
Tied To Project: BCS Properties-Reserves I
Development Agreement
Projected Final FY of Rebate: 2022
3315 Titan Tl
TIF Expenditure Amount: 28,780
Rebate Paid To: Prairie Legacy
Tied To Debt: Prairie Legacy Ventures(Hawkeye
Stages)Rebates
Tied To Project: Prairie Legacy Ventures(Hawkeye
Stages)Grant
Projected Final FY of Rebate: 2028
2911 Southland Drive
TIF Expenditure Amount: 990
Rebate Paid To: M&K Electric
Tied To Debt: M&K Electric Rebate
Tied To Project: M&K Electric Rebates
Projected Final FY of Rebate: 2025
1730 W Ridgeway Ave
TIF Expenditure Amount: 35,694
Rebate Paid To: AS Commercial(Amy Wienands)
Tied To Debt: AS Commercial Phase I Rebate
Tied To Project: AS Commercial(Wienands)
Development Agreement
Projected Final FY of Rebate: 2024
3173 Titan T1
TIF Expenditure Amount: 18,842
Rebate Paid To: JAS Investments(Gubbels
Heating)
Tied To Debt: JAS Investments(Gubbels)
Rebates
Tied To Project: JAS Investments(Gubbels
Heating)
Projected Final FY of Rebate: 2029
3251 Greyhound Dr
TIF Expenditure Amount: 77,922
Rebate Paid To: Loves Travel Stop
Tied To Debt: Loves Travel Stop Rebate
Tied To Project: Loves Travel Stop
Projected Final FY of Rebate: 2027
4516 Charm Dr
TIF Expenditure Amount: 3,022
Rebate Paid To: CRF Rentals
Tied To Debt: CRF Rentals Rebates
Tied To Project: CRF Rentals Rebates
Projected Final FY of Rebate: 2027 Page 190 of 2
Marnie Avenue
TIF Expenditure Amount: 40,000
Rebate Paid To: Fusion Investments
Tied To Debt: Fusion Investments
Tied To Project: Fusion Investments
Projected Final FY of Rebate: 2021
Page 191 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL(07016)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO MARTIN ROAD AMD 1 INCR
TIF Taxing District Inc.Number: 070250
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2007 UR Designation
Slum No
Subject to a Statutory end date? Yes Blighted No
Fiscal year this TIF Taxing District Economic Development 08/2004
statutorily ends: 2027
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 11,749,630 770,990 0 0 12,520,620 0 512,520,620
Taxable 0 0 10,574,667 693,891 0 0 11,268,558 0 111,268,558
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 3,969,910 8,550,710 8,473,611 77,099 2,659
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL(07016)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/MARTIN RD ECON DEV TIF AMD 3-5 INCR
TIF Taxing District Inc.Number: 070332
TIF Taxing District Base Year: 2015 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 2,765,780 13,923,650 0 0 0 16,689,430 0 816,689,430
Taxable 0 1,523,237 12,531,285 0 0 0 14,054,522 0 14,054,522
Homestead Credits 2
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 5,473,030 11,216,400 11,159,470 56,930 1,963
FY 2021 TIF Revenue Received: 949,515
Page 192 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL(07016)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/MARTIN RD ECON DEV TIF AMD 3-5
INCR
TIF Taxing District Inc.Number: 070334
TIF Taxing District Base Year: 2015 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 172,140 0 0 0 0 0 172,140 0 172,140
Taxable 140,265 0 0 0 0 0 140,265 0 140,265
Homestead Credits �k 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 403,550 0 0 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL(07016)
TIF Taxing District Name: WATERLOO CITY/HUDSON SCH/MARTIN RD ECON TIF AMD 2 INCR
TIF Taxing District Inc.Number: 070336
TIF Taxing District Base Year: 2014 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 2,348,520 748,700 0 0 3,097,220 0 3,097,220
Taxable 0 0 2,113,668 673,830 0 0 2,787,498 0 r 2,787,498
Homestead Credits IL 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 2,560,610 536,610 536,610 0 0
FY 2021 TIF Revenue Received: 0
Page 193 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL(07016)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/MARTIN RD ECON DEV TIF AMD 2 INCR
TIF Taxing District Inc.Number: 070338
TIF Taxing District Base Year: 2014 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 726,320 13,092,583 26,040 0 -3,704 13,881,586 0 IF13,881,586
Taxable 0 400,017 11,783,325 23,436 0 -3,704 12,231,821 0 12,231,821
Homestead Credits hL 7
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 7,007,040 6,878,250 6,862,946 15,304 528
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO MARTIN RD URBAN RENEWAL(07016)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/MARTIN RD ECON DEV TIF AMD 2
1NCR
TIF Taxing District Inc.Number: 070340
TIF Taxing District Base Year: 2014 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 227,990 0 0 0 0 0 227,990 0 227,990
Taxable 185,773 0 0 0 0 0 185,773 0 185,773
Homestead Credits i1h6 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 383,190 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 194 of 2
♦ Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Urban Renewal Area Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL
UR Area Number: 07030
UR Area Creation Date: 04/1999
The plan is intended to strengthen
the economy,promote commercial
and industrial development,
expansion of existing business and
industry and attraction of new
UR Area Purpose: industry.
Base Increment Increment
Tax Districts within this Urban Renewal Area No. No. Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN UR TIF INCR 070217 070218 5,354,550
WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN AMD 1 INCR 070257 070258 42,892,400
WATERLOO CITY AG/WATERLOO SCH/WATERLOO SAN MARNAN AMD 1 INCR 070259 070260 0
WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN AMD2 INCR 070345 070346 1,181,402
WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN AMD3-4 INCR 070359 070360 2,755,150
WATERLOO CITY AG/WATERLOO SCH/WATERLOO SAN MARNAN AMD3-4 INCR 070361 070362 0
WATERLOO CITY/WATERLOO SCH/SAN MARNAN TIF INCR 070391 070392 429,110
Urban Renewal Area Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 1,394,210 2,018,500 66,106,010 0 0 0 69,518,720 0 *69,518,720
Taxable 1,136,046 1,111,674 59,495,409 0 0 0 61,743,129 0 61,743,129
Homestead Credits
TIF Sp.Rev.Fund Cash Balance Amount of 07-01-2020 Cash Balance
as of 07-01-2020: 477,031 0 Restricted for LMI
TIF Revenue: 1,842,214
TIF Sp. Revenue Fund Interest: 1,152
Property Tax Replacement Claims 16,801
Asset Sales&Loan Repayments: 0
Total Revenue: 1,860,167
Rebate Expenditures: 253,832
Non-Rebate Expenditures: 1,490,791
Returned to County Treasurer: 0
Total Expenditures: 1,744,623
TIF Sp.Rev.Fund Cash Balance Amount of 06-30-2021 Cash Balance
as of 06-30-2021: 592,575 0 Restricted for LMI
Page 195 of 2
an Renewal Repwmisc
Projects For WATERLOO SAN MARNAN URBAN RENEWAL
Tower Park Drive & Sewer Construction
Description: Construct Tower Park Drive and Extend Sewer
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
CBE Land Acquisition
Description: Purchase of land for new construction
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
VGM Land Acquisition
Description: Acquisition of property for VGM expansion
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
WW Grainger, Inc. Development Agreement
Description: Payments to WW Grainger,Inc for new construction
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
VGM Office Expansion Project
Description: Grant for expansion of VGM office
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
San Marnan Dr Road Improvements Project
Description: Median cut and left turn lane on San Marnan
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
L&H Farms Property Acquisition Bond Project
Description: Acquisition of property from L&H Farms
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Cardinal Construction, Inc. Development Agreement
Payments to Cardinal Construction for new construction of
Description: medical office
Classification: Commercial-office properties Page 196 of 2
Physically Complete: Yes
Payments Complete: No
MBAK Properties, LLC Development Agreement
Description: Payments to MBAK Properties,LLC for new construction
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
Cardinal Construction, Inc. Development Agreement
Payments to Cardinal Construction, Inc. for new
Description: construction of Veterans Clinic
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
MFGC, LLC Development Agreement
Description: Payments to MFGC,LLC for new construction
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
L&H Farms Property Acquisition
Description: Acquisition of Property from L&H Farms
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
L&H Farms Property Acquisition
Description: Acquisition of property from L&H Farms
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
L&H Farms Property Acquisition
Description: Acquisition of property from L&H Farms
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
L&H Farms Property Acquisition
Description: Acquisition of property from L&H Farms
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
L&H Farms Property Acquisition
Description: Acquisition of Property from L&H Farms
Classification: Acquisition of property
Physically Complete: No
Payments Complete: Yes
GROW Cedar Valley Page 197 of 2
Description: Payment to Economic Development Services
Classification: Administrative expenses
Physically Complete: No
Payments Complete: Yes
L&H Farms Acquisition
Description: Payment to L&H Farms for property acquisition
Classification: Acquisition of property
Physically Complete: No
Payments Complete: Yes
Administrative Expenses
Description: Payment for Administrative Expenses
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
San Marnan Management, Ltd Grant
Description: Payment to San Marnan Management,Ltd
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
Galactic/Fitzway Drive Extension
Description: Payment for extension of Galactic/Fitzway Dr
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
Fisher Dr Sanitary Sewer Extension
Description: Payment for sanitary sewer extension
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
GO America, LLC Development Agreement
Description: Payments to GO America,LLC for new construction
Classification: Commercial-Medical
Physically Complete: Yes
Payments Complete: No
Hope Martin Anderson
Payments to Hope Martin Anderson for new Commercial
Description: building
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
South Waterloo Business Park Site Certification
Expenses for the site certification of South Waterloo
Description: Buisness Park
Classification: Administrative expenses Page 198 of 2
Physically Complete: No
Payments Complete: No
Green Acres Storage
Payment to Green Acres LLC for comstruction of new
Description: commercial building
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
San Marnan Road Reconfiguration Contract 942
Description: Lane Adjustment near VGM
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
VGM Rebates
Description: Rebates for VGM Expansion
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
Taylor Ventures Rebates
Description: Rebates for construction of new vet clinic
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
FY2021 Salaries
Description: Staff Salaries FY2021
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Canterbury Court Rebates
Description: Rebates for construction of dental office
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
Shaulis Road Reconstruction
Description: Payment for Shaulis Road Reconstruction
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
Page 199 of 2
an Renewal Rep
Debts/Obligations For WATERLOO SAN MARNAN URBAN RENEWAL
2013 G.O. Bonds (2006 Refinanced)
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 40,000
Interest: 2,340
Total: 42,340
Annual Appropriation?: No
Date Incurred: 05/22/2006
FY of Last Payment: 2021
MBAK Properties, LLC Rebate
Debt/Obligation Type: Rebates
Principal: 15,656
Interest: 0
Total: 15,656
Annual Appropriation?: No
Date Incurred: 06/14/2010
FY of Last Payment: 2021
Cardinal Construction, Inc. Rebate
Debt/Obligation Type: Rebates
Principal: 161,388
Interest: 0
Total: 161,388
Annual Appropriation?: No
Date Incurred: 09/30/2010
FY of Last Payment: 2023
MFGC, LLC Rebate
Debt/Obligation Type: Rebates
Principal: 124,950
Interest: 0
Total: 124,950
Annual Appropriation?: No
Date Incurred: 09/04/2012
FY of Last Payment: 2025
Administrative Expenses
Debt/Obligation Type: Internal Loans
Principal: 8,486
Interest: 0
Total: 8,486
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2021
Green Acres Storage
Debt/Obligation Type: Rebates
Principal: 456,844
Interest: 0 Page 200 of 2
Total: 456,844
Annual Appropriation?: No
Date Incurred: 06/01/2015
FY of Last Payment: 2025
VGM Rebates
Debt/Obligation Type: Rebates
Principal: 1,192,158
Interest: 0
Total. 1,192,158
Annual Appropriation?: No
Date Incurred: 04/27/2015
FY of Last Payment: 2029
Taylor Ventures Rebates
Debt/Obligation Type: Rebates
Principal: 266,110
Interest: 0
Total: 266,110
Annual Appropriation?: No
Date Incurred: 02/15/2016
FY of Last Payment: 2026
GROW CV
Debt/Obligation Type: Other Debt
Principal: 12,125
Interest: 0
Total: 12,125
Annual Appropriation?: No
Date Incurred: 12/14/2020
FY of Last Payment: 2021
Staff Salaries FY21
Debt/Obligation Type: Other Debt
Principal: 9,224
Interest: 0
Total: 9,224
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2021
Canterbury Court Rebates
Debt/Obligation Type: Rebates
Principal: 227,852
Interest: 0
Total: 227,852
Annual Appropriation?: No
Date Incurred: 09/17/2018
FY of Last Payment: 2029
VGM Fund 406- Refunded 2013
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -40,000
Interest: -2,340 Page 201 of 2
Total: -42,340
Annual Appropriation?: No
Date Incurred: 06/12/2006
FY of Last Payment: 2021
VGM fund 413 (was 406)
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 40,000
Interest: 931
Total: 40,931
Annual Appropriation?: No
Date Incurred: 06/08/2013
FY of Last Payment: 2021
2020 GO Bond (Shaulis Road)
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 2,000,000
Interest: 331,489
Total: 2,331,489
Annual Appropriation?: No
Date Incurred: 01/01/2020
FY of Last Payment: 2035
Fund 421 2021A New Mone
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 2,000,000
Interest: 217,666
Total: 2,217,666
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2031
Lost Island Theme Park Rebates
Debt/Obligation Type: Rebates
Principal: 3,660,878
Interest: 0
Total: 3,660,878
Annual Appropriation?: No
Date Incurred: 10/18/2021
FY of Last Payment: 2043
Locke Realty Inc Rebates
Debt/Obligation Type: Rebates
Principal: 132,910
Interest: 0
Total: 132,910
Annual Appropriation?: No
Date Incurred: 01/02/2021
FY of Last Payment: 2028
L&H Land Purchase 2021
Debt/Obligation Type: Other Debt
Principal: 1,333,617
Interest: 0
Total: 1,333,617 Page 202 of 2
Annual Appropriation?: No
Date Incurred: 05/03/2021
FY of Last Payment: 2021
San Marnan Road Cont 942
Debt/Obligation Type: Internal Loans
Principal: 44,765
Interest: 0
Total: 44,765
Annual Appropriation?: No
Date Incurred: 05/08/2013
FY of Last Payment: 2021
San Marnan Road Cont 942
Debt/Obligation Type: Internal Loans
Principal: -44,765
Interest: 0
Total: -44,765
Annual Appropriation?: No
Date Incurred: 05/08/2013
FY of Last Payment: 2021
Page 203 of 2
an Renewal Rep
Non-Rebates For WATERLOO SAN MARNAN URBAN RENEWAL
TIF Expenditure Amount: 42,340
Tied To Debt: VGM Fund 406-Refunded 2013
Tied To Project: CBE Land Acquisition
TIF Expenditure Amount: -42,340
Tied To Debt: VGM Fund 406-Refunded 2013
Tied To Project: VGM Land Acquisition
TIF Expenditure Amount: 40,931
Tied To Debt: VGM fund 413 (was 406)
Tied To Project: VGM Land Acquisition
TIF Expenditure Amount: 156,888
Tied To Debt: 2020 GO Bond(Shaulis Road)
Tied To Project: San Marnan Road Reconfiguration
Contract 942
TIF Expenditure Amount: 1,236,082
Tied To Debt: L&H Land Purchase 2021
Tied To Project: L&H Farms Property Acquisition
Bond Project
TIF Expenditure Amount: 44,765
Tied To Debt: San Marnan Road Cont 942
Tied To Project: Shaulis Road Reconstruction
TIF Expenditure Amount: 12,125
Tied To Debt: GROW CV
Tied To Project: GROW Cedar Valley
Page 204 of 2
an Renewal Rep
Rebates For WATERLOO SAN MARNAN URBAN RENEWAL
4015 Hurst Dr
TIF Expenditure Amount: 15,657
Rebate Paid To: MBAK Properties,LLC
Tied To Debt: MBAK Properties,LLC Rebate
Tied To Project: MBAK Properties,LLC
Development Agreement
Projected Final FY of Rebate: 2021
945 Tower Park Dr
TIF Expenditure Amount: 53,796
Rebate Paid To: Cardinal Construction,Inc.
Tied To Debt: Cardinal Construction,Inc. Rebate
Tied To Project: Cardinal Construction,Inc.
Development Agreement
Projected Final FY of Rebate: 2023
836 Tower Park Dr
TIF Expenditure Amount: 24,990
Rebate Paid To: MFGC,LLC
Tied To Debt: MFGC,LLC Rebate
Tied To Project: MFGC,LLC Development
Agreement
Projected Final FY of Rebate: 2025
345 Tower Park Drive
TIF Expenditure Amount: 99,236
Rebate Paid To: Green Acres
Tied To Debt: Green Acres Storage
Tied To Project: Green Acres Storage
Projected Final FY of Rebate: 2025
1101 W San Marnan Dr
TIF Expenditure Amount: 60,153
Rebate Paid To: VGM Expansion
Tied To Debt: VGM Rebates
Tied To Project: VGM Rebates
Projected Final FY of Rebate: 2029
Page 205 of 2
an Renewal Report, Fis
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL(07030)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN UR TIF INCR
TIF Taxing District Inc.Number: 070218
TIF Taxing District Base Year: 1999
FY TIF Revenue First Received: 2002 UR Designation
Slum No
Subject to a Statutory end date? Yes Blighted No
Fiscal year this TIF Taxing District Economic Development 04/1999
statutorily ends: 2022
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 5,949,500 0 0 0 5,949,500 0 5,949,500
Taxable 0 0 5,354,550 0 0 0 5,354,550 0 5,354,550
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 0 5,354,550 5,354,550 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL(07030)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN AMD 1 INCR
TIF Taxing District Inc.Number: 070258
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2007 UR Designation
Slum No
Subject to a Statutory end date? Yes Blighted No
Fiscal year this TIF Taxing District Economic Development 12/2004
statutorily ends: 2027
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 50,634,820 0 0 0 50,634,820 0 850,634,820
Taxable 0 0 45,571,338 0 0 0 45,571,338 0 V5,571,338
Homestead Credits 3
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 7,742,420 42,892,400 42,892,400 0 0
FY 2021 TIF Revenue Received: 1,842,214
Page 206 of 2
an Renewal Report, Fis
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL(07030)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO SAN MARNAN AMD 1
1NCR
TIF Taxing District Inc.Number: 070260
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received: 2011 UR Designation
Slum No
Subject to a Statutory end date? Yes Blighted No
Fiscal year this TIF Taxing District Economic Development 12/2004
statutorily ends: 2031
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 _
Taxable 0 0 0 0 0 0 0 00
Homestead Credits
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 0 0 0 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL(07030)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN AMD2 INCR
TIF Taxing District Inc.Number: 070346
TIF Taxing District Base Year: 2008 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 468,630 1,202,980 0 0 0 1,671,610 0 1,671,610
Taxable 0 258,094 1,082,682 0 0 0 1,340,776 0 1,340,776
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 369,910 1,301,700 1,181,402 120,298 4,149
FY 2021 TIF Revenue Received: 0
Page 207 of 2
an Renewal Report, Fis
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL(07030)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO SAN MARNAN AMD3-4 INCR
TIF Taxing District Inc.Number: 070360
TIF Taxing District Base Year: 2016 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 1,549,870 4,542,620 0 0 0 6,092,490 0 6,092,490
Taxable 0 853,580 4,088,358 0 0 0 4,941,938 0 4,941,938
Homestead Credits J�
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 3,337,340 2,755,150 2,755,150 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL(07030)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO SAN MARNAN AMD3-4
1NCR
TIF Taxing District Inc.Number: 070362
TIF Taxing District Base Year: 2016 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 1,394,210 0 0 0 0 0 1,394,210 0! 1,394,210
Taxable 1,136,046 0 0 0 0 0 1,136,046 0 r 1,136,046
Homestead Credits IL 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 1,912,800 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 208 of 2
an Renewal Report, Fis
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO SAN MARNAN URBAN RENEWAL(07030)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/SAN MARNAN TIF INCR
TIF Taxing District Inc.Number: 070392
TIF Taxing District Base Year: 2018 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 3,776,090 0 0 0 3,776,090 0 3,776,090
Taxable 0 0 3,398,481 0 0 0 3,398,481 0 3,398,481
Homestead Credits 6 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 3,346,980 429,110 429,110 0 0
FY 2021 TIF Revenue Received: 0
Page 209 of 2
♦ Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Urban Renewal Area Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO CROSSROADS UR TIF
UR Area Number: 07044
UR Area Creation Date: 11/2014
This Plan is intended to strengthen
the economy and to promote retail
and other commercial development,
expansion of existing business and
industry and attraction of new
UR Area Purpose: commercial projects.
Base Increment Increment
Tax Districts within this Urban Renewal Area No. No. Value
Used
WATERLOO CITY/WATERLOO SCH WATERLOO CROSSROADS UR TIF INCR 070305 070306 0
WATERLOO CITY AG/WATERLOO SCH WATERLOO CROSSROADS UR TIF INCR 070307 070308 0
WATERLOO CITY/WATERLOO SCH/CROSSROADS UR TIF AMDl-2 INCR 070387 070388 1,161,218
WATERLOO CITY AG/WATERLOO SCH/CROSSROADS UR TIF AMD1-2 INCR 070389 070390 0
WATERLOO CITY/WATERLOO SCH/CROSSROADS UR TIF AMDl-2 INCR 070393 070394 0
Urban Renewal Area Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 693,920 4,843,190 283,294,526 1,155,470 0 -3,704 299,273,576 0 x`299,273,576
Taxable 565,430 2,667,359 254,965,074 1,039,923 0 -3,704 265,853,333 0 265,853,333
Homestead Credits 19
TIF Sp.Rev.Fund Cash Balance Amount of 07-01-2020 Cash Balance
as of 07-01-2020: -421,152 0 Restricted for LMI
TIF Revenue: 37,779
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0
Asset Sales&Loan Repayments: 0
Total Revenue: 37,779
Rebate Expenditures: 225,304
Non-Rebate Expenditures: 0
Returned to County Treasurer: 0
Total Expenditures: 225,304
TIF Sp.Rev. Fund Cash Balance Amount of 06-30-2021 Cash Balance
as of 06-30-2021: 0 Restricted for LMI
Page 210 of 2
rban Renewal Report, Fiscal Year 202
Projects For WATERLOO CROSSROADS UR TIF
Crossing Point
Rehabilitation of former Kmart Site located at 2060 Sovia
Description: Drive
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
Fairfield Inn
Description: Construction of new hotel located at 2134 La Porte Rd
Classification: Commercial-hotels and conference centers
Physically Complete: Yes
Payments Complete: No
Dupaco Credit Union
Construction of new Credit Union located at 1946 Schukei
Description: Rd
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
Page 211 of 2
rban Renewal Report, Fiscal Year 20
Debts/Obligations For WATERLOO CROSSROADS UR TIF
Crossing Point Rebates
Debt/Obligation Type: Rebates
Principal: 880,780
Interest: 0
Total: 880,780
Annual Appropriation?: No
Date Incurred: 09/16/2013
FY of Last Payment: 2025
Fairfield Inn Rebates
Debt/Obligation Type: Rebates
Principal: 153,560
Interest: 0
Total: 153,560
Annual Appropriation?: No
Date Incurred: 09/16/2013
FY of Last Payment: 2025
Dupaco Credit Union Rebates
Debt/Obligation Type: Rebates
Principal: 10,758
Interest: 0
Total: 10,758
Annual Appropriation?: No
Date Incurred: 10/26/2016
FY of Last Payment: 2021
Page 212 of 2
rban Renewal Report, Fiscal Year 202
Rebates For WATERLOO CROSSROADS UR TIF
2060 Sovia Drive
TIF Expenditure Amount: 176,156
Rebate Paid To: Crossing Point,LLC
Tied To Debt: Crossing Point Rebates
Tied To Project: Crossing Point
Projected Final FY of Rebate: 2025
2134 LaPorte Rd
TIF Expenditure Amount: 38,390
Rebate Paid To: Atul Patel
Tied To Debt: Fairfield Inn Rebates
Tied To Project: Fairfield Inn
Projected Final FY of Rebate: 2024
1946 SCHUKEI RD
TIF Expenditure Amount: 10,758
Rebate Paid To: Dupaco Credit Union
Tied To Debt: Dupaco Credit Union Rebates
Tied To Project: Dupaco Credit Union
Projected Final FY of Rebate: 2021
Page 213 of 2
rban Renewal Report, Fiscal Year
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO CROSSROADS UR TIF(07044)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH WATERLOO CROSSROADS UR TIF INCR
TIF Taxing District Inc.Number: 070306
TIF Taxing District Base Year: 2014
FY TIF Revenue First Received: 2017 UR Designation
Slum No
Subject to a Statutory end date? Yes Blighted No
Fiscal year this TIF Taxing District Economic Development 11/2014
statutorily ends: 2037
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 2,147,470 210,563,690 0 0 -1,852 221,554,628 0 221,554,628
Taxable 0 1,182,708 189,507,321 0 0 -1,852 196,990,468 0 196,990,468
Homestead Credits 7
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 226,857,870 0 0 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO CROSSROADS UR TIF(07044)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH WATERLOO CROSSROADS UR TIF
1NCR
TIF Taxing District Inc.Number: 070308
TIF Taxing District Base Year: 2014
FY TIF Revenue First Received: 2017 UR Designation
Slum No
Subject to a Statutory end date? Yes Blighted No
Fiscal year this TIF Taxing District Economic Development 11/2014
statutorily ends: 2037
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 3,550 0 0 0 0 0 3,550 013,550
Taxable 2,893 0 0 0 0 0 2,893 0 ' 2,893
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 67,970 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 214 of 2
rban Renewal Report, Fiscal Year 2020 - 2021 -
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO CROSSROADS UR TIF(07044)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/CROSSROADS UR TIF AMD1-2 INCR
TIF Taxing District Inc.Number: 070388
TIF Taxing District Base Year: 2018 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 2,695,720 72,405,336 1,155,470 0 -1,852 76,699,528 0 W76,699,528
Taxable 0 1,484,651 65,164,803 1,039,923 0 -1,852 68,004,485 0 68,004,485
Homestead Credits kh 12
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 75,409,800 1,291,580 1,161,218 130,362 4,496
FY 2021 TIF Revenue Received: 37,779
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO CROSSROADS UR TIF(07044)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/CROSSROADS UR TIF AMD1-2 INCR
TIF Taxing District Inc.Number: 070390
TIF Taxing District Base Year: 2018 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 690,370 0 0 0 0 0 690,370 0 690,370
Taxable 562,537 0 0 0 0 0 562,537 0 562,537
Homestead Credits lb 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 1,124,110 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 215 of 2
rban Renewal Report, Fiscal Year 2020 - 2021 -
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: WATERLOO CROSSROADS UR TIF(07044)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/CROSSROADS UR TIF AMD1-2 INCR
TIF Taxing District Inc.Number: 070394
TIF Taxing District Base Year: 2018 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 325,500 0 0 0 325,500 0 325,500
Taxable 0 0 292,950 0 0 0 292,950 0 292,950
Homestead Credits ML 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 0 292,950 0 292,950 10,104
FY 2021 TIF Revenue Received: 0
Page 216 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Urban Renewal Area Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA
UR Area Number: 07045
UR Area Creation Date: 12/2015
To identify the objectives,
activities, and projects that are
intended to stimulate private
investment and alleviate blighted
conditions in the plan area. This
plan merged the former Airport and
UR Area Purpose: Logan Urban Renewal Areas.
Base Increment Increment
Tax Districts within this Urban Renewal Area No. No. Value
Used
WATERLOO CITY/WATERLOO SCH/WATERLOO AIRPORT UR TIF INCR 070163 070164 37,770,075
WATERLOO CITY AG/WATERLOO SCH/WATERLOO AIRPORT UR TIF INCR 070165 070166 119,779
WATERLOO CITY/WATERLOO SCH/WATERLOO LOGAN UR TIF INCR 070235 070236 15,541,390
WATERLOO CITY AG/WATERLOO SCH/WATERLOO LOGAN UR TIF INCR 070237 070238 15,630
WATERLOO CITY/WATERLOO SCH/WATERLOO AIRPORT AMD 1 INCR 070253 070254 33,080,540
WATERLOO CITY AG/WATERLOO SCH/WATERLOO AIRPORT AMD 1 INCR 070255 070256 116,550
WATERLOO CITY/WATERLOO SCH WATERLOO LOGAN UR TIF AMD1 INCR 070317 070318 4,204,082
WATERLOO CITY AG/WATERLOO SCH WATERLOO LOGAN UR TIF AMDI INCR 070319 070320 0
WATERLOO CITY/WATERLOO SCH/EAST WATERLOO UNIFIED UR TIF INCR 070327 070328 0
WATERLOO CITY AG/WATERLOO SCH/EAST WATERLOO UNIFIED UR TIF INCR 070329 070330 0
Urban Renewal Area Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 572,600 120,910,180 92,101,237 81,904,030 0 -348,521 297,248,159 0 297,248,159
Taxable 466,571 66,590,184 82,891,114 73,713,627 0 -348,521 224,815,381 0 224,815,381
Homestead Credits 1,218
TIF Sp.Rev.Fund Cash Balance Amount of 07-01-2020 Cash Balance
as of 07-01-2020: 3,301,844 0 Restricted for LMI
TIF Revenue: 3,147,169
TIF Sp. Revenue Fund Interest: 7,970
Property Tax Replacement Claims 109,228
Asset Sales&Loan Repayments: 0
Total Revenue: 3,264,367
Rebate Expenditures: 830,546
Non-Rebate Expenditures: 1,073,673
Returned to County Treasurer: 0
Total Expenditures: 1,904,219
TIF Sp. Rev. Fund Cash Balance Amount of 06-30-2021 Cash Balance
as of 06-30-2021: 4,661,992 0 Restricted for LMI
Page 217 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Projects For EAST WATERLOO UNIFIED UR & REDEVELOPMENT
AREA
Road and Sewer Construction
Description: Road and Sewer Construction for ConAgra Foods
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Midport Marketing Project
Description: Contract for marketing services for industrial park
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Midport Sign Project
Description: Construct signage for industrial park
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
La Forge Property Purchase
Description: Punccase of Property for new construction
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Rail Spur Improvements
Description: Midport Improvements-Refinanced 1998 G.O. Bonds
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Sanitary Sewer Project
Description: Midport Improvements-Refinanced 199 G.O. Bonds
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Midport Sign Project
Description: Construct signage for industrial park
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Accurate Gear Development Agreement
Description: Payments to Accurate Gear for new construction
Classification: Industrial/manufacturing property Page 218 of 2
Physically Complete: Yes
Payments Complete: No
ConAgra Development Agreement
Description: Payments to ConAgra for expansion
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Empire Enterprises Development Agreement
Description: Payments to Empire Enterprises for expansion
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Bob and Kaye Huff Development Agreement
Description: Payments to Bob &Kaye Huff for new construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
Anthony & Christopher Huff Development Agreement
Payments to Anthony&Christopher Huff for new
Description: construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
La Forge, LLC Development Agreement
Description: Payments to La Forge,LLC for new construction
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Ronan & Lisa Schwickerath Development Agreement
Description: Payments to Ronan and Lisa Schwickerath for expansion
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Tournier Manufacturing Development Agreement
Description: Payments to Tournier Manufacturing for new construction
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Cedar Valley Warehouse, LLC Development Agreement
Payments to Cedar Valley Warehouse, LLC for new
Description: construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No Page 219 of 2
CPM Acquisition Corp Development Agreement
Description: Payments to CPM Acquisition Corp for expansion
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Howard L Allen Investments Development Agreement
Payments to Howard L Allen Investments for new
Description: construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
M&R Iowa, LLC Development Agreement
Description: Payments to M&R Iowa,LLC for expansion
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
Advanced Heat Treat Development Agreement
Description: Payment to Advanced Heat Treat for Expansion
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Hydrite Chemical Co Development Agreement
Description: Payment to Hydrite Chemical Co for Expansion
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Koelker Properties, LLC Development Agreement
Description: Payment to Koelker Properties,LLC for new construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: Yes
Payments Complete: No
GROW Cedar Valley
Payment to GROW CV for Economic Development
Description: Services
Classification: Administrative expenses
Physically Complete: No
Payments Complete: Yes
Brownfield Assessment Grant
Description: Payment for Brownfield Assessment Grant Application
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
3730 Wagner Rd Acquisition
Page 220 of 2
Description: Payment for acquisition of 3730 Wagner Rd
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: Yes
Airport Property Release
Description: Payment for Airport Property Release Services
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Geo-Tech ESAS
Description: Payment for Geo-Technical Services
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Administrative Expenses
Description: Payment for Administrative Expenses
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Con Agra Grant
Description: Grant Payment to Con Agra for expansion
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
3730 Wagner Rd Platting
Description: Payment for platting services for 3730 Wagner Rd
Classification: Administrative expenses
Physically Complete: No
Payments Complete: No
Cedar Valley Warehouse II Development Agreement
Payments to Cedar Valley Warehouse 11 for new
Description: construction
Classification: Commercial-warehouses and distribution facilities
Physically Complete: No
Payments Complete: No
MidPort Improvements
Description: Payments for MidPort Improvements
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Hy-Vee Lease Payments
Description: Payments to Hy-Vee for property lease
Classification: Commercial-retail
Physically Complete: Yes Page 221 of 2
Payments Complete: No
Grant Writing Consultant
Description: Payments to consultant for grant writing
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Grant Writing Consultant
Description: Payments to consultant for grant writing
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Government Relations Consultant
Description: Payments to consultant for government relations
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Endeavor Consultant
Description: Payments for consultant work
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Grant Writing Consultant
Description: Payments to consultant for grant writing
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: No
Walgreens Development Agreement
Description: Payments to Walgreens for new construction
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
Avita Development Agreement
Description: Payments to Avita for new construction
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
CVS Pharmacy Development Agreement
Description: Payments to CVS Pharmacy for new construction
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: No
KWWL
Page 222 of 2
Description: Payments to KWWL for redevelopment
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
Institute for Decision Making Contract
Payment for Institute for Decision Making for Professional
Description: Services
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Administrative Expenses
Description: Administrative Expenses
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Brownfield Assessment Grant FY 2016
Description: Payment of Brownfield Assessment Grant
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
District Merger Expenses
Description: Payment for TIF Merger expenses
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
North Crossing (Logan Plaza)
Payments to North Crossing for redevelopment of Logan
Description: Plaza
Classification: Commercial-retail
Physically Complete: No
Payments Complete: No
AMA Land Purchase
Description: Payment for Purchase of land from AMA
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: No
Midport Blvd Phase III Grant Application and Construction
Payment for grant application and construction of Midport
Description: Blvd
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Wagner Rd Platting (MidPort)
Description: Wagner Rd Platting(MidPort) Page 223 of 2
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: Yes
Advanced Heat Treat
Description: Payment to Advanced Heat Treat for expansion
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No
Midport Salaries FY21
Description: Payment for staff salaries for work within Midport
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: Yes
MIdport Administrative Expenses
Description: Payment of Midport Administrative Expenses
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Logan Salaries FY21
Description: Payment for staff salaries for work within the Logan area
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
Central Property Holdings Grant
Description: Payment for All in Grocers project
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: Yes
House of Hope Grant
Description: Payment of Grant for property in Logan area
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: Yes
Habitat for Humanity Grant
Description: Payment for Grant for property redevelopment
Mixed use property(ie: a significant portion is residential
Classification: and significant portion is commercial)
Physically Complete: Yes
Payments Complete: Yes
Reese Properties(johnstone Supply)
Description: Payment for rebates on warehouse project
Classification: Industrial/manufacturing property
Physically Complete: Yes
Payments Complete: No Page 224 of 2
PDCM (No Steps) Rebates
Description: Payment for improvements on office building
Classification: Commercial-office properties
Physically Complete: Yes
Payments Complete: No
Standard Distribution Rebates
Description: Payment for new warehouse
Classification: Industrial/manufacturing property
Physically Complete: No
Payments Complete: No
Prosper Farms Rebates
Description: Payment of rebates for truck wash near Airport
Classification: Commercial-retail
Physically Complete: No
Payments Complete: No
A-Line ALO Rebates
Description: Payment of rebates for new Airport hangar
Classification: Commercial-warehouses and distribution facilities
Physically Complete: No
Payments Complete: No
Dahlstrom Development Rebates
Payment of rebates for new warehouse at corner of Wagner
Description: and Airline
Classification: Commercial-warehouses and distribution facilities
Physically Complete: No
Payments Complete: No
Avita Expansion Rebates
Description: Payment of Rebates for expansion of Medical office
Classification: Commercial-Medical
Physically Complete: Yes
Payments Complete: No
GBG LLC Rebates
Description: Payment of Rebates for new Medical Building
Classification: Commercial-Medical
Physically Complete: No
Payments Complete: No
N&S Properties
Description: Payment of Rebates for Commercial Bldg
Classification: Commercial-retail
Physically Complete: Yes
Payments Complete: Yes
Louis Berger Walnut Survey
Description: Payment for Historic Walnut Survey Page 225 of 2
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
VIA Rail Public Safety Improv Study
Description: Payment for Rail safety improvement study
Classification: Administrative expenses
Physically Complete: Yes
Payments Complete: Yes
220 Ester Street Acq
Description: Payment for 220 Ester St Acq
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: Yes
1850 Logan Ave Acq
Description: Payment for 1850 Logan Ave Acq
Classification: Acquisition of property
Physically Complete: Yes
Payments Complete: Yes
Wagner Rd San Sewer Ext
Description: Payment for Sanitary Sewer Extension
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
Leversee Road Development
Description: Payment for Leversee Road Development
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
Airline Hwy San Sewer Extension
Description: Payment for Sanitary Sewer Extension
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Air and Rail Park Tree Clearing
Description: Payment for tree clearing at Air and Rail park
Classification: Roads,Bridges&Utilities
Physically Complete: Yes
Payments Complete: No
Paramount Investments Rebates
Description: Payme of Rebates for Paramount Investments
Classification: Commercial-office properties
Physically Complete: No
Payments Complete: No
Page 226 of 2
Hyper Drive Cont 1051
Description: Payment for Hyper Drive Construction RISE
Classification: Roads,Bridges&Utilities
Physically Complete: No
Payments Complete: No
Page 227 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Debts/Obligations For EAST WATERLOO UNIFIED UR &
REDEVELOPMENT AREA
ConAgra Rebate
Debt/Obligation Type: Rebates
Principal: 6,271,832
Interest: 0
Total: 6,271,832
Annual Appropriation?: No
Date Incurred: 07/07/2008
FY of Last Payment: 2038
Hydrite Chemical Co Rebate
Debt/Obligation Type: Rebates
Principal: 143,206
Interest: 0
Total: 143,206
Annual Appropriation?: No
Date Incurred: 12/17/2012
FY of Last Payment: 2020
Koelker Properties, LLC Rebate
Debt/Obligation Type: Rebates
Principal: 18,910
Interest: 0
Total: 18,910
Annual Appropriation?: No
Date Incurred: 05/20/2013
FY of Last Payment: 2022
North Crossing (Logan Plaza)
Debt/Obligation Type: Rebates
Principal: 1,318,358
Interest: 0
Total: 1,318,358
Annual Appropriation?: No
Date Incurred: 01/25/2016
FY of Last Payment: 2024
Endeavors Rebates
Debt/Obligation Type: Rebates
Principal: 75,110
Interest: 0
Total: 75,110
Annual Appropriation?: No
Date Incurred: 07/29/2015
FY of Last Payment: 2023
Cedar Valley Warehouse II
Debt/Obligation Type: Rebates Page 228 of 2
Principal: 93,010
Interest: 0
Total: 93,010
Annual Appropriation?: No
Date Incurred: 09/04/2012
FY of Last Payment: 2024
M&R Iowa (Fed Ex)
Debt/Obligation Type: Rebates
Principal: 30,011
Interest: 0
Total: 30,011
Annual Appropriation?: No
Date Incurred: 03/04/2013
FY of Last Payment: 2021
PDCM(no steps) Rebates
Debt/Obligation Type: Rebates
Principal: 7,986
Interest: 0
Total: 7,986
Annual Appropriation?: No
Date Incurred: 06/13/2016
FY of Last Payment: 2024
Advanced Heat Treat (2018)
Debt/Obligation Type: Rebates
Principal: 50,412
Interest: 0
Total: 50,412
Annual Appropriation?: No
Date Incurred: 06/18/2018
FY of Last Payment: 2029
Standard Distribution Rebates
Debt/Obligation Type: Rebates
Principal: 124,830
Interest: 0
Total: 124,830
Annual Appropriation?: No
Date Incurred: 11/20/2017
FY of Last Payment: 2026
Prosper Farms Rebates
Debt/Obligation Type: Rebates
Principal: 83,360
Interest: 0
Total: 83,360
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2026
A-Line ALO Rebates
Debt/Obligation Type: Rebates
Principal: 559,360 Page 229 of 2
Interest: 0
Total: 559,360
Annual Appropriation?: No
Date Incurred: 04/15/2019
FY of Last Payment: 2042
Dahlstrom Development Rebates
Debt/Obligation Type: Rebates
Principal: 1,867,280
Interest: 0
Total: 1,867,280
Annual Appropriation?: No
Date Incurred: 10/08/2018
FY of Last Payment: 2033
KWWL Rebates
Debt/Obligation Type: Rebates
Principal: 237,158
Interest: 0
Total: 237,158
Annual Appropriation?: No
Date Incurred: 06/24/2013
FY of Last Payment: 2030
GBG LLC Rebates
Debt/Obligation Type: Rebates
Principal: 251,286
Interest: 0
Total: 251,286
Annual Appropriation?: No
Date Incurred: 11/05/2018
FY of Last Payment: 2029
Avita 2018 Expansion Rebates
Debt/Obligation Type: Rebates
Principal: 62,930
Interest: 0
Total: 62,930
Annual Appropriation?: No
Date Incurred: 01/03/2017
FY of Last Payment: 2025
North Crossing Land Purchase
Debt/Obligation Type: Other Debt
Principal: 1,000,045
Interest: 0
Total: 1,000,045
Annual Appropriation?: No
Date Incurred: 01/25/2016
FY of Last Payment: 2025
N&S Rebates
Debt/Obligation Type: Rebates
Principal: 4,676
Interest: 0 Page 230 of 2
Total: 4,676
Annual Appropriation?: No
Date Incurred: 01/03/2017
FY of Last Payment: 2021
Hartel Properties
Debt/Obligation Type: Rebates
Principal: 13,036
Interest: 0
Total: 13,036
Annual Appropriation?: No
Date Incurred: 10/07/2019
FY of Last Payment: 2025
Koelker Properties (Airline)
Debt/Obligation Type: Rebates
Principal: 8,080
Interest: 0
Total: 8,080
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2031
GO Bonds FUND 2002 Issued 02/refunded FY10
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 4,946
Interest: 458
Total: 5,404
Annual Appropriation?: No
Date Incurred: 06/13/2010
FY of Last Payment: 2023
GO Bonds 2004 TAx Issued FY04
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 8,000
Interest: 938
Total: 8,938
Annual Appropriation?: No
Date Incurred: 05/23/2004
FY of Last Payment: 2023
GO Bonds Fund 414 KWWL
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 185,000
Interest: 14,150
Total: 199,150
Annual Appropriation?: No
Date Incurred: 06/24/2014
FY of Last Payment: 2024
GO Bonds Fund 419 GO Bonds
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 75,000
Interest: 12,600
Total: 87,600 Page 231 of 2
Annual Appropriation?: No
Date Incurred: 05/06/2019
FY of Last Payment: 2029
GO Bonds 413
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 3,850
Interest: 222
Total: 4,072
Annual Appropriation?: No
Date Incurred: 06/24/2013
FY of Last Payment: 2021
GO Bonds 406 Issued FY06
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: -3,850
Interest: -222
Total: -4,072
Annual Appropriation?: No
Date Incurred: 06/10/2004
FY of Last Payment: 2021
GO Bonds 413 Refi in 406
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 3,800
Interest: 116
Total: 3,916
Annual Appropriation?: No
Date Incurred: 06/10/2004
FY of Last Payment: 2021
GO Bonds Fund 2002
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 9,892
Interest: 916
Total: 10,808
Annual Appropriation?: No
Date Incurred: 06/13/2002
FY of Last Payment: 2023
GO Bonds Fund 2004 Tax
Debt/Obligation Type: Gen. Obligation Bonds/Notes
Principal: 8,000
Interest: 938
Total: 8,938
Annual Appropriation?: No
Date Incurred: 06/16/2004
FY of Last Payment: 2023
Paramount Investments
Debt/Obligation Type: Rebates
Principal: 28,096
Interest: 0
Total: 28,096
Annual Appropriation?: No Page 232 of 2
Date Incurred: 05/20/2020
FY of Last Payment: 2027
North Crossing Platting and Design
Debt/Obligation Type: Internal Loans
Principal: 24,500
Interest: 0
Total: 24,500
Annual Appropriation?: No
Date Incurred: 06/06/2020
FY of Last Payment: 2021
ED Grant 314 Clay St
Debt/Obligation Type: Internal Loans
Principal: 5,000
Interest: 0
Total: 5,000
Annual Appropriation?: No
Date Incurred: 07/28/2018
FY of Last Payment: 2021
Demolition Costs
Debt/Obligation Type: Internal Loans
Principal: 234,490
Interest: 0
Total: 234,490
Annual Appropriation?: No
Date Incurred: 08/28/2020
FY of Last Payment: 2021
Salaries FY21
Debt/Obligation Type: Internal Loans
Principal: 13,814
Interest: 0
Total: 13,814
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2021
Administrative Expenses
Debt/Obligation Type: Internal Loans
Principal: 5,311
Interest: 0
Total: 5,311
Annual Appropriation?: No
Date Incurred: 06/07/2021
FY of Last Payment: 2021
Professional Lawn Care Rebates
Debt/Obligation Type: Internal Loans
Principal: 67,487
Interest: 0
Total: 67,487
Annual Appropriation?: No
Date Incurred: 09/20/2018 Page 233 of 2
FY of Last Payment: 2027
Airline Hwy San Sewer Extension Contract 979
Debt/Obligation Type: Internal Loans
Principal: 185,765
Interest: 0
Total: 185,765
Annual Appropriation?: No
Date Incurred: 09/20/2018
FY of Last Payment: 2021
AECOM Airport Water Main Improvments Contract 1033
Debt/Obligation Type: Internal Loans
Principal: 331,101
Interest: 0
Total: 331,101
Annual Appropriation?: No
Date Incurred: 10/19/2020
FY of Last Payment: 2021
MidAmerican Electric Lines Air & Rail Park
Debt/Obligation Type: Internal Loans
Principal: 327,736
Interest: 0
Total: 327,736
Annual Appropriation?: No
Date Incurred: 11/16/2020
FY of Last Payment: 2021
Leversee Rd Lift Sation Contract 983
Debt/Obligation Type: Internal Loans
Principal: 1,325,089
Interest: 0
Total: 1,325,089
Annual Appropriation?: No
Date Incurred: 09/16/2019
FY of Last Payment: 2021
Warp Drive RISE Contract 977
Debt/Obligation Type: Internal Loans
Principal: 770,600
Interest: 0
Total: 770,600
Annual Appropriation?: No
Date Incurred: 07/20/2020
FY of Last Payment: 2021
GROW CV FY21
Debt/Obligation Type: Internal Loans
Principal: 12,125
Interest: 0
Total: 12,125
Annual Appropriation?: No
Date Incurred: 12/14/2020
FY of Last Payment: 2021
Page 234 of 2
Midport Salaries
Debt/Obligation Type: Internal Loans
Principal: 20,710
Interest: 0
Total: 20,710
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2021
Midport Administrative Expenses
Debt/Obligation Type: Internal Loans
Principal: 4,548
Interest: 0
Total: 4,548
Annual Appropriation?: No
Date Incurred: 06/21/2021
FY of Last Payment: 2021
Leversee Road Development
Debt/Obligation Type: Internal Loans
Principal: 3,899
Interest: 0
Total: 3,899
Annual Appropriation?: No
Date Incurred: 06/22/2019
FY of Last Payment: 2021
Hyper Drive RISE Contract 1051
Debt/Obligation Type: Internal Loans
Principal: 1,048,327
Interest: 0
Total: 1,048,327
Annual Appropriation?: No
Date Incurred: 09/02/2021
FY of Last Payment: 2021
Page 235 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Non-Rebates For EAST WATERLOO UNIFIED UR & REDEVELOPMENT
AREA
TIF Expenditure Amount: 50,337
Tied To Debt: GO Bonds Fund 414 KWWL
Tied To Project: KWWL
TIF Expenditure Amount: 7,250
Tied To Debt: GO Bonds Fund 419 GO Bonds
Tied To Project: North Crossing(Logan Plaza)
TIF Expenditure Amount: 4,022
Tied To Debt: GO Bonds 413
Tied To Project: La Forge Property Purchase
TIF Expenditure Amount: -4,022
Tied To Debt: GO Bonds 406 Issued FY06
Tied To Project: La Forge Property Purchase
TIF Expenditure Amount: 3,916
Tied To Debt: GO Bonds 413 Refi in 406
Tied To Project: La Forge Property Purchase
TIF Expenditure Amount: 12,125
Tied To Debt: GROW CV FY21
Tied To Project: GROW Cedar Valley
TIF Expenditure Amount: 1,000,045
Tied To Debt: North Crossing(Logan Plaza)
Tied To Project: North Crossing(Logan Plaza)
Page 236 of 2
4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
Rebates For EAST WATERLOO UNIFIED UR & REDEVELOPMENT
AREA
2701 Midport Blvd
TIF Expenditure Amount: 558,722
Rebate Paid To: ConAgra
Tied To Debt: ConAgra Rebate
Tied To Project: ConAgra Development Agreement
Projected Final FY of Rebate: 2038
2915 Geraldine
TIF Expenditure Amount: 8,276
Rebate Paid To: Koelker Properties,LLC
Tied To Debt: Koelker Properties,LLC Rebate
Tied To Project: Koelker Properties,LLC
Development Agreement
Projected Final FY of Rebate: 2022
511 E 5th Street
TIF Expenditure Amount: 27,690
Rebate Paid To: Kwwl Television
Tied To Debt: KWWL Rebates
Tied To Project: KWWL
Projected Final FY of Rebate: 2028
2661 Geraldine
TIF Expenditure Amount: 31,642
Rebate Paid To: Reese Properties(endeavers)
Tied To Debt: Endeavors Rebates
Tied To Project: Reese Propertiesoohnstone Supply)
Projected Final FY of Rebate: 2023
3022 Airport Bd
TIF Expenditure Amount: 662
Rebate Paid To: PDCM No Steps
Tied To Debt: PDCM(no steps)Rebates
Tied To Project: PDCM(No Steps)Rebates
Projected Final FY of Rebate: 2023
2815 WCF&N
TIF Expenditure Amount: 33,472
Rebate Paid To: Hydrite
Tied To Debt: Hydrite Chemical Co Rebate
Tied To Project: Hydrite Chemical Co Development
Agreement
Projected Final FY of Rebate: 2024
2830 Geraldine Road
TIF Expenditure Amount: 22,498 Page 237 of 2
Rebate Paid To: Cedar Valley WarehouseII
Tied To Debt: Hydrite Chemical Co Rebate
Tied To Project: Cedar Valley Warehouse,LLC
Development Agreement
Projected Final FY of Rebate: 2024
403 Franklin St
TIF Expenditure Amount: 4,676
Rebate Paid To: N&S Property
Tied To Debt: N&S Rebates
Tied To Project: N&S Properties
Projected Final FY of Rebate: 2021
419 E Donald
TIF Expenditure Amount: 12,586
Rebate Paid To: Avita Expansion
Tied To Debt: Avita 2018 Expansion Rebates
Tied To Project: Avita Development Agreement
Projected Final FY of Rebate: 2025
2140 Logan Ave
TIF Expenditure Amount: 130,322
Rebate Paid To: North Crossing
Tied To Debt: North Crossing(Logan Plaza)
Tied To Project: North Crossing(Logan Plaza)
Projected Final FY of Rebate: 2030
Page 238 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO AIRPORT UR TIF INCR
TIF Taxing District Inc.Number: 070164
TIF Taxing District Base Year: 1991 UR Designation
FY TIF Revenue First Received: 2000 Slum 01/1995
Blighted 01/1995
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 4,754,870 37,211,880 0 0 41,966,750 01,966,750
Taxable 0 0 4,279,383 33,490,692 0 0 37,770,075 0 37,770,075
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 328,820 37,770,075 37,770,075 0 0
FY 2021 TIF Revenue Received: 3,147,169
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO AIRPORT UR TIF INCR
TIF Taxing District Inc.Number: 070166
TIF Taxing District Base Year: 1991 UR Designation
FY TIF Revenue First Received: 2000 Slum 01/1995
Blighted 01/1995
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 147,000 0 0 0 0 0 147,000 0 147,000
Taxable 119,779 0 0 0 0 0 119,779 0 119,779
Homestead Credits a 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 20,440 119,779 119,779 0 0
FY 2021 TIF Revenue Received: 0
Page 239 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO LOGAN UR TIF INCR
TIF Taxing District Inc.Number: 070236
TIF Taxing District Base Year: 2003 UR Designation
FY TIF Revenue First Received: 2007 Slum No
Blighted 01/2004
Subject to a Statutory end date? No Economic Development 01/2004
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 676,680 18,971,920 0 0 0 19,648,600 0 IrI9,648,600
Taxable 0 372,677 17,074,728 0 0 0 17,447,405 0 17,447,405
Homestead Credits kh 2
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 4,107,210 15,541,390 15,541,390 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO LOGAN UR TIF INCR
TIF Taxing District Inc.Number: 070238
TIF Taxing District Base Year: 2003 UR Designation
FY TIF Revenue First Received: 2011 Slum No
Blighted 01/2004
Subject to a Statutory end date? No Economic Development 01/2004
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/ElectricUtility Total
Assessed 29,660 0 0 0 0 0 29,660 0 29,660
Taxable 24,168 0 0 0 0 0 24,168 0 24,168
Homestead Credits IL 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 14,030 15,630 15,630 0 0
FY 2021 TIF Revenue Received: 0
Page 240 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/WATERLOO AIRPORT AMD 1 INCR
TIF Taxing District Inc.Number: 070254
TIF Taxing District Base Year: 2004 UR Designation
FY TIF Revenue First Received: 2007 Slum 12/2004
Blighted 12/2004
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 11,765,030 44,174,206 42,773,070 0 -62,878 99,453,472 0 899,453,472
Taxable 0 6,479,499 39,756,786 38,495,763 0 -62,878 85,242,052 0 85,242,052
Homestead Credits kh 102
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 65,883,690 33,632,660 33,080,540 552,120 19,042
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/WATERLOO AIRPORT AMD 1 INCR
TIF Taxing District Inc.Number: 070256
TIF Taxing District Base Year: 2004 UR Designation
FY TIF Revenue First Received: 2011 Slum 12/2004
Blighted 12/2004
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class- 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 395,940 0 0 0 0 0 395,940 0 395,940
Taxable 322,624 0 0 0 0 0 322,624 0 322,624
Homestead Credits & 3
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 631,530 0 116,550 -116,550 -2,542
FY 2021 TIF Revenue Received: 0
Page 241 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021 _
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH WATERLOO LOGAN UR TIF AMD1 INCR
TIF Taxing District Inc.Number: 070318
TIF Taxing District Base Year: 2014 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 95,334,640 19,016,510 985,320 0 -254,159 116,319,471 0 116,319,471
Taxable 0 52,504,669 17,114,859 886,788 0 -254,159 71,133,638 0 71,133,638
Homestead Credits ob 1,002
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 111,828,390 4,745,240 4,204,082 541,158 18,664
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH WATERLOO LOGAN UR TIF AMD1
1NCR
TIF Taxing District Inc.Number: 070320
TIF Taxing District Base Year: 2014 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 _
Taxable 0 0 0 0 0 0 0 00
Homestead Credits
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 0 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 242 of 2
E 4 Annual Urban Renewal Report, Fiscal Year 2020 - 2021 _
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY/WATERLOO SCH/EAST WATERLOO UNIFIED UR TIF INCR
TIF Taxing District Inc.Number: 070328
TIF Taxing District Base Year: 2015 UR Designation
FY TIF Revenue First Received: Slum NoBlighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 13,133,830 5,183,731 933,760 0 -31,484 19,287,266 0 IF19,287,266
Taxable 0 7,233,339 4,665,358 840,384 0 -31,484 12,755,640 0 12,755,640
Homestead Credits k 109
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 20,125,990 0 0 0 0
FY 2021 TIF Revenue Received: 0
TIF Taxing District Data Collection
Local Government Name: WATERLOO(07G054)
Urban Renewal Area: EAST WATERLOO UNIFIED UR&REDEVELOPMENT AREA(07045)
TIF Taxing District Name: WATERLOO CITY AG/WATERLOO SCH/EAST WATERLOO UNIFIED UR TIF
INCR
TIF Taxing District Inc.Number: 070330
TIF Taxing District Base Year: 2015 UR Designation
FY TIF Revenue First Received: Slum No
Blighted No
Subject to a Statutory end date? No Economic Development No
TIF Taxing District Value by Class - 1/1/2019 for FY 2021
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 _
Taxable 0 0 0 0 0 0 0 00
Homestead Credits
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2021 0 0 0 0 0
FY 2021 TIF Revenue Received: 0
Page 243 of 2
CITY OF WATERLOO
Council Communication
Operations update from Legal Department and Code Enforcement.
City Council Meeting: 11/29/2021
Prepared: 11/18/2021
ATTACHMENTS:
Description Type
❑ Code Enforcement Presentation Backup Material
Submitted by: Submitted By: Martin M. Petersen. City Attorney
Page 244 of 254
Mission Statement
We are determined to reduce blight
and enhance the appearance of
neighborhoods . We will do so with fair
and equitable enforcement of our code
and ordinances . Our highest goal is
our commitment to the citizens of
Waterloo .
V .a T E R L O O
Page 245 of 254
Department oals
Keep a positive attitude
Perform our duties in a fair, professional, and courteous manner
Develop and adopt ordinances/codes that will have positive effects
on our community
Assist the public to the best of our ability
Continue to work with other departments to better serve the public
Page 246 of 254
CE Breakdown
2020 2021
Calls for Service/Re-inspections 11,320 Calls for Service/Re-inspections YTD 9,205
Citations issued 451 Citations issued YTD 533
Traffic tickets issued 184 Traffic tickets issued YTD 175
Court orders referred out 104 Court orders referred out YTD 92
Administrative orders 137 Administrative orders YTD 85
Illegal dumping orders 100 Illegal dumping orders YTD 54
Recycle Site Citations YYD 46
V A. T E R L, 0 0 � � •
Page 247 of 254
Help 'ing Ci
Assisted out of town property owners find lawn care, snow removal,
and tree removal services.
Taken firewood to a citizen who could not afford their heat bill.
Shoveled out a few elderly citizens driveways so they could get out.
Removed alley overgrowth for a few elderly citizens.
Been a support system for citizens.
Gone beyond our scope of code enforcement to help find solutions to
problems in neighborhoods.
Page 248 of 254
IS Mapping S
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Code Yolat—&Lookup
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Page 249 of 254
D 'Ilap 'ldated
We are having to develop new ways to secure vacant structures.
We have had to purchase new tools and materials in order to secure
structures that have metal doors/frames or rotten frames.
This includes metal plates and metal straps, 2x4's to reframe doors
and windows on structures where the frames are rotten and there is
nothing to secure our boards to.
We are trying to keep our costs at a minimum. We are responsible for
the securing of all private and city owned properties. Some properties
we are simply unable to secure.
Page 250 of 254
CITY OF WATERLOO
Council Communication
Discussion of ward and precinct redistricting process.
City Council Meeting: 11/29/2021
Prepared: 11/18/2021
ATTACHMENTS:
Description Type
❑ Wards and Precincts 2020 ward changes.pdf Backup Material
❑ Wards and Precincts 2020.pdf Backup Material
Submitted by: Submitted By:Noel Anderson, Community Planning and Development
Director
Page 251 of 254
CijtL of Waterloo DRAFT
Proposed Wards
Review of Chall8es
La��
Area Proposed to be moved
from Ward 3 to Ward 4
WARD 3
r
nnexed area
dded to Ward 4
Minor Change between Ward 3 and
Ward 4 due to change in Census Blocks
WARD 4
WARD 5
WARD 1-
WARD-2-
City of Waterloo
2020 Census Population:
67,314
N
Page 252 of 254
W�E
S
Citj, Waterlooof DRAFT
Proposed Wards
and Precincts
0
0
W3P_1
W3P2
W3P3 W4P1
71
W3P4
,W1P1
W4P3 W4P5
W3P5 W3P6
W1 P2 - W4P2 oil
w W4P4 W4P6
W1 P3
W1 P4 W1 P5 W5P3
W5P2-V)r7\
W5P5
W2P3
W5P_4
W5P6
W2P2
� W2P4
W2P1
W1 P6
CT
W2P6 W2P5
City of Waterloo
2020 Census Population:
67,314
N
Page 263 of 254
W�E
S
CITY OF WATERLOO
Council Communication
Discussion of development agreements, amendments, and future actions.
City Council Meeting: 11/29/2021
Prepared: 11/17/2021
Submitted by: Submitted By:Pat Morrissey, Ward 3 Council member and Dave Boesen,
At-Large Council member
Page 254 of 254