HomeMy WebLinkAboutEast Waterloo State Certification FYE21 - 11/29/2021 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 I
Urban Renewal Area Name : East Waterloo Unified TIF I
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*: $ 61312,541
*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 . ) 1
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 :
t
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 �j day of November 2021
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- - -- - - - - - - 319A291 A323
_ __:_ --=--.- .------- -- Signature -of Authorized Official . :.. . -.. . _ . - _ . _-. ._-. . . . . _ . . . .. Telephone . . .
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CITY TIF FORM 1 .1 - 10 be attached to GI I Y I IF FORM 1 - INUE131 EUNE55 C; EK I IF- IUA I ION Page t
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 51311
FI 'X' this box if a rebate agreement. List administrative details on lines above.
2. ED Grant 314 Clay Street: $5 , 000 2/19/2018 51000
n Xthis 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 'X' this box if a rebate agreement. List administrative details on lines above .
4. Logan Demolition Costs $234,490.00 3/15/2021 234,490
[j 'X' this 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 .
. ._ :. . . .
... .. . .. ..
0 1 .1 Pa a 'l
283.116
.Ci :TIFF rm
=Total For ,
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-* "Date Approved" as the dati3 .that the local goverrnng body 'init�ally approved the TIF indebtedness _- : : : - _
CITY TIF FORM 1 .1 " To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION Page 2
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo County: Black Hawk
Urban Renewal Area Name : East Waterloo Unified TIF
Urban Renewal Area Number: 07045 (Use five4gitArea Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details : pate Approved: Total Amount:
6 . Leversee Rd Development FY21 $3, 899 . 00 11 /07/2016 31899
[] 'X' this box if a rebate agreement. List administrative details on lines above.
i
7. Airline Hwy San Sewer Con 979 $ 185 , 765 .05 12/30/2019 185, 765
[] 'X' this box if a rebate agreement. List administrative details on lines above.
E
8. AECOM Water Main Improvments Cont 1033 $331 , 101 .47 10/19/2020 331 , 101
[] 'X' this 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
nW 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 13325, 090
[+ '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 • ForCityTIF-Form �l . 1 -Page2; . 2,- -7-3; _ --
- _ - _ ,. . .
Date A proved is the date-fhaYthelocal governing body initially approved the TIF indebtedness: _
_.._.... . . ._: T._,._ . . P.. :, _ . . . _ ., . ._ ..
CITY TIF FORM 1A " 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: Date Approved: Total Amount:
i
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
e
n 'X' this box if a rebate agreement. List administrative details on lines above.
13. GROW CV FY21 $ 121125 . 00 12/14/2020 12 , 125
n 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 a
I
I
n 'X' this box if a rebate agreement. List administrative details on lines above.
15. Midport Admin Expenses FY21 $4,548 06/21 /2021 41548
nW 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.
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a or: yi ,
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- pate Approved" is` the°datb that the local governing body ;initially approved the TIF ihdebfedness.= _ _
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3
CITY TIF FORM 1 .1 " To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION Page 4
TIE 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
xxjW this 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
Q 'X' this 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
xl 'X' this 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
[] 'X' this box if a rebate agreement. List administrative details on lines above.
20. Professional Lawn Care Tax Rebate Increase : $67,487. 73 7115/2019 67,488
s
Fj 'X' this box if a rebate agreement. List administrative details on lines above .
-- • - Total For City TIF Form:1 ,1 - Page 4. 132;734 _ . . _ _ _ . . ..
"Date:A " roved" isthe date that the local governirib body hitially ,approved the TIF indebtedness _ _ . -
_ . „ . .
f
CITY TIF FORM 1 .1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION Page 6
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
E] W this box if a rebate agreement, List administrative details on lines above.
22 CPM Grant 11/15/2021 11270, 000
n 'X' this box if a rebate agreement. List administrative details on lines above,
23
x 'X' this box if a rebate agreement. List administrative details on lines above.
24
[] 'X' this box if a rebate agreement. List administrative details on lines above.
25
nW this box if a rebate agreement. List administrative details on lines above.
- 327
TV.- . . - 0 1P 5 ,
, - . .. . . . . - - - - - -
Total For City Form age ,
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_ __D-te A roved _ s,.flje tlafe tF of the;loaal _gbygrnmg bbdy:iRitially.approved tkie;TIF;Indebtedness. _TV -
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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 71971
KWWL Television Tax Rebate Estimate Adjustment: Decrease of $2 ,234.00 21234
North Crossing Tax Rebate Estimate Adjustment: Decrease of $ 1 ,682 . 00 1 , 682
Koelker Properties Tax Rebate Estimate Adjustment: Decrease of $2 , 782. 00 21782
Cedar Valley Warehouse 11 Properties Tax Rebate Estimate Adjustment: Decrease of $2, 320.00 21320
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 31000
LaForge Tax Rebate Estimate adjustment Decrease of $27, 108 .00 27, 108
I
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
319-2914323
Signature of Authorized Official Telephone
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