HomeMy WebLinkAbout2022-373-06.20.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-373
RESOLUTION AUTHORIZING FUND TRANSFERS
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that
the following transfers be made during the fiscal year ending June 30, 2022.
TO
FROM
AMOUNT
PURPOSE
✓
General Fund
General Fund
Debt Service Fund
T
T
r Debt Service Fund -r
✓
✓
Debt Service Fund
Road Use Tax Fund
Grants Fund
r Capital Projects
Fund
r Capital Projects
Fund
r Capital Projects
Fund
T
T Tax increment
T
Financing Fund
Trust & Agency
Fund
$8,405,961.00
Trust & Agency T $655,956.00
Fund
Tax Increment T$3,150,538.79
Financing Fund
Sewer Fund
Iowa
Reinvestment
District Fund
General Fund
General Fund
$2,237,520.05
T $130,000.00
T $859,105.00
T $2,139,509.40
__.
Tax Increment T_$97,534.57
Financing Fund
T $120,000.00
Tax Increment T $2,381.63
Financing Fund
r
Transfer employee benefits
levy to
General fund.
Transfer emergency levy to
General fund.
Transfer TIF share of
General Obligation principal
and Interest to debt service
fund.
Transfer Sewer share of
General Obligation principal
and interest to debt service
fund.
r Reimburse Debt Service
Fund for reinvestment
district funds received
planned to be used to pay
principal for the 2017C bond
issue
r
r
Transfer interest earned on
Transfer of Jurisdiction
Funds from General Fund to
Road Use Tax Fund to be
used for construction of
University Avenue.
Transfer a portion of the
ARPA funds received into
the General Fund to the
Grants Fund for fiber project
design.
Transfer TIF revenue to
reimburse the Capital
Projects Fund for San
Marnan property acquisition.
Transfer TIF revenue to
reimburse the Capital
Projects Fund for Rath
property acquisition.
Transfer TIF revenue to
reimburse for wetland design
services in the NE Site TIF
r
Resolution No. 2022-373
Page 2
Capital Projects
Fund
Capital Projects
Fund
Capital Projects
Fund
T
T
Tax Increment
Financing Fund
Tax Increment
Financing Fund
T
T
T
$4,536.72
$21,211.18
r
district.
Transfer TIF revenue to
reimburse for wetland design
and engineering services in
the NE Site TIF district.
Transfer TIF revenue to
reimburse for sewer design
and construction in the
Martin Road TIF district.
Tax Increment T $3,899.00 r Transfer TIF revenue to
Financing Fund
r Capital Projects Tax Increment
Fund
Financing Fund
r Capital Projects Tax Increment
Fund
Financing Fund
r Capital Projects Tax Increment
Fund
r Capital Projects
Fund
r Capital Projects
Fund
r Capital Projects
Fund
T
Financing Fund
T $327,736.50
T$185,333.05
T $310,455.97
Tax Increment T $1,242,725.51
Financing Fund
Tax Increment
Financing Fund
T Tax Increment
Financing Fund
r
reimburse for design and
construction services for the
Leversee in the East
Waterloo Unified (Midport)
TIF district.
Transfer TIF revenue to
reimburse for the installation
of electric lines in the
Leversee area in the East
Waterloo Unified (Midport)
TIF district.
Transfer TIF revenue to
reimburse for the design and
construction of a sanitary
sewer project in the Airline
Hlghway area in the East
Waterloo Unified (Midport)
TIF district.
r Transfer TIF revenue to
T$121,559.30
T $669,854.14
reimburse for the design and
construction of a water main
project in the East Waterloo
Unified (Midport) TIF
district.
Transfer TIF revenue to
reimburse for the design and
construction of a sanitary
sewer project in the
Leversee area in the East
Waterloo Unified (Midport)
TIF district.
Transfer TIF revenue to
reimburse for the design and
construction of a sanitary
sewer lift station in the
Leversee area in the East
Waterloo Unified (Midport)
TIF district.
Transfer TIF revenue to
reimburse for the design and
construction of Warp Drive
street construction project in
r
Resolution No. 2022-373
Page 3
r Capital Projects
Fund
r Capital Projects
Fund
T T
T
T
Tax Increment T $710,887.15
Financing Fund
Tax Increment
Financing Fund
T
$31,150.00
r the East Waterloo Unified
(Midport) TIF district.
Transfer TIF revenue to
reimburse for the design and
construction of Hyper Drive
street project in the East
Waterloo Unified (Midport)
TIF district.
Transfer TIF revenue to
reimburse for asbestos
removal (118 Shilliam) in
the East Waterloo Unified
(Logan) TIF district.
r Capital Projects -rTax Increment -r$52,850.00 r Transfer TIF revenue to
Fund Financing Fund reimburse for property
✓ Capital Projects
Fund
✓ Capital Projects
Fund
✓ Capital Projects
Fund
✓ Capital Projects
Fund
r Capital Projects
Fund
T
T
T
T
T
Tax Increment
Financing Fund
Tax Increment
Financing Fund
T $58,845.00
$91,645.00 rTransfer TIF revenue to
reimburse for property
demolition (120 Center) in
the East Waterloo Unified
(Logan) TIF district.
demolition (115 Sumner) in
the East Waterloo Unified
(Logan) TIF district.
Transfer TIF revenue to
reimburse for property
demolition (518) Bratnober
in the East Waterloo Unified
(Logan) TIF district.
Tax Increment T $5,000.00
Financing Fund
Tax Increment
Financing Fund
Tax Increment
Financing Fund
r Transfer TIF revenue to
$1,000,000.00
T___-
$24,500.00
r
reimburse for an economic
development grant for the
redevelopment of 314 Clay
Street in the East Waterloo
Unified (Logan) TIF district.
Transfer TIF revenue to
reimburse for property
acquisition and an economic
development grant for North
Crossing in the East
Waterloo Unified (Logan)
TIF district.
Transfer TIF revenue to
reimburse for platting and
design services in the East
Waterloo Unified (Logan)
TIF district.
r Capital Projects -rTax Increment T $230,000.00 r Transfer TIF revenue to
Fund Financing Fund reimburse for an economic
development grant (704-706
Jefferson) in the Riverfront
(Downtown) TIF district.
r Capital Projects T Tax Increment T $5,937.50 r Transfer TIF revenue to
Resolution No. 2022-373
Page 4
r Fund T Financing Fund
Capital Projects
Fund
General Fund
General Fund
General Fund
General Fund
General Fund
T
T
T
T
T
T
r T
General Fund
r
Tax Increment
Financing Fund
T
Tax Increment T $107,444.96
Financing Fund
Tax Increment
Financing Fund
Tax Increment
Financing Fund
Tax Increment
Financing Fund
Tax Increment
Financing Fund
Tax Increment
Financing Fund
Tax Increment
Financing Fund
T
T
T
T
T
r reimburse for lighting design
services in the Riverfront
(Downtown) TIF district.
Transfer TIF revenue to
reimburse for asbestos
removal services in the
Riverfront (Downtown) TIF
district.
$9,376.99 r Transfer TIF revenue to
$3,597.00
$5,035.00
$4,548.00
$5,311.00
reimburse for administrative
expenses and salaries in the
San Marnan TIF district.
Transfer TIF revenue to
reimburse for administrative
expenses and salaries in the
Rath TIF district.
r Transfer TIF revenue to
reimburse for administrative
expenses and salaries in the
Northeast Site TIF district.
r Transfer TIF revenue to
r Transfer TIF revenue to
reimburse for administrative
expenses and salaries in the
East Waterloo Unified
(Logan) TIF district.
T $24,209.00
reimburse for administrative
expenses and salaries in the
East Waterloo Unified
(Logan) TIF district.
Transfer TIF revenue to
reimburse for administrative
expenses and salaries in the
Riverfront (Downtown) TIF
district.
T General Fund T $98,500.00 r Transfer TIF expenses to
general fund for
administrative expenses and
salaries in various TIF
districts.
PASSED AND ADOPTED this 20th day of June 2022.
ATTEST:
Kelley Te(ch(e
DIGITALLY
SI�D
Kelley Felchle, City Clerk
Quentin Hart, Mayor
Resolution No. 2022-373
Page 5
SEAL