HomeMy WebLinkAboutSan Marnan 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
Urban Renewal Area Name : Waterloo San Marnan Urban Renewal
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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*: $ 61139, 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 y day of November 2021
319 . 291 .4323
Signature of Authorized Official Telephone
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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/Detalls : Date Approved*: Total Amount:
1 . Administrative Expenses FY 21 : $8 , 486 06/21 /2021 81486
[] Wthis box if a rebate agreement. List administrative details on lines above .
2. Salaries FY21 $93224. 19 06/21 /2021 91224
E] W 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
n 'X' this box if a rebate agreement. List administrative details on lines above .
5. Fund 421 2021A New Money 06/07/2021 21217 , 667
Principal: 2 , 000, 000. 00
Interest: 217, 666. 67
FjW 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 : 21345,036
* " Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 1 . 1 " To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION Page 2
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Waterloo County: Black Hawk
Urban Renewal Area Name : Waterloo 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 31660 , 878
Rebates 20-years @ 50%
xx 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%
FIXthis 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
E] 'X' this box if a rebate agreement. List administrative details on lines above.
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n 'X' this box if a rebate agreement. List administrative details on lines above.
10.
RX 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 . 31794,568
WNW
* " Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
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 11152
Cardinal Vet Clinic Tax Rebate Estimate Adjustment: Decrease 3, 678 31678
MBAK- Kimball Beecher Tax Rebate Estimate Adjustment: Decrease of $2 ,578 21578
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