Loading...
HomeMy WebLinkAbout2009-1170-11/23/2009RESOLUTION NO. 2009-1170 RESOLUTION AUTHORIZING CERTIFICATION TO THE COUNTY AUDITOR THE CITY'S EXPENDITURES THAT QUALIFY FOR REIMBURSEMENT FROM THE TAX INCREMENT FUND. WHEREAS, the Code of Iowa allows the City to collect taxes within a certain geographical district to be deposited in a "Tax Increment Financing Fund", and WHEREAS, certification of the City's expenditures within said district must be made to the County Auditor on a yearly basis. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the City Clerk be instructed to certify to the County Auditor all expenditures of the City that qualify for reimbursement from the Tax Increment Fund as indicated below: Exhibit "A" Cumulative as of June 30, 2009 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(21 No. Date of Issuance or Expenditure Source Description of Indebtedness Cumulative Amount 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 GO Bonds $2,426,903.14 Interest $428,749.00 GO 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 GO Bonds $3,741,642.14 Interest $422,256.23 GO Bonds $4,163,898.37 West Side Parking Ramp 7/15/82 Principal $4,725,000.00 GO Bonds $8,888,898.37 Interest $4,779,262.50 GO Bonds $13,668,160.87 East Side Parking Ramp 8/1/83 Principal $1,500,000.00 GO Bonds $15,168,160.87 Interest $1,073,981.25 GO Bonds $16,242,142.12 East Side Parking Facility 8/1/84 Principal $350,000.00 GO Bonds $16,592,142.12 Interest $325,777.00 GO Bonds $16,917,919.12 Conway Plaza Skywalk 8/1/84 Principal $100,000.00 GO Bonds $17,017,919.12 Interest $93,079.00 GO Bonds $17,110,998.12 East Fifth St. Parking Ramp 5/85 Principal $50,000.00 GO Bonds $17,160,998.12 Interest $46,539.50 GO Bonds $17,207,537.62 Tax Redeemed Properties 5/85 1 Contract $5,004.49 Advance $17,212,542.11 Skywalk Feasibility Study 8/85 1 Contract 1 $25,000.001 Advance $17,237,542.11 Resolution No. 2009-1170 Page 2 317 E. 4th Longfellow Property 12/85 Contract $12,000.00 Advance $17,249,542.11 East Fifth Parking Ramp 5/86 Principal $50,000.00 GO Bonds $17,299,542.11 Interest $37,051.09 GO 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. 500 Blk Lafayette Principal $360,000.00 GO Bonds $17,739,093.20 Interest $233,134.09 GO Bonds $17,972,227.29 East Fifth Parking Ramp 6/87 Principal $100,000.00 GO Bonds $18,072,227.29 Interest $64,759.47 GO Bonds $18,136,986.76 Conway Plaza Phase I Skywalk Refinancing 6/87 Principal $100,000.00 GO Bonds $18,236,986.76 Interest $64,759.47 GO Bonds $18,301,746.23 4th St. Bridge Covered Walkway 6/88 Contract $127,000.00 Advance $18,428,746.23 Conway Plaza Skywalk 7/88 & 7/89 Loan $132,625.00 Advance $18,561,371.23 Park Avenue Parking Ramp Expansion Principal $2,000,000.00 GO Bonds $20,561,371.23 Interest $1,092,565.97 GO Bonds $21,653,937.20 Property acquisition for Waterloo Industries 5/98 Principal $37,055.17 1996 GO Bonds $21,690,992.37 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 Financing Principal $647,654.75 1999 GO Bonds $22,598,143.34 Interest $421,307.99 1999 GO Bonds $23,019,451.33 Acquisitions & Demo FY 00 Financing Principal $80,602.57 2000 GO Bonds $23,100,053.90 Interest $42,108.59 2000 GO Bonds $23,142,162.49 Parking Ramp Reconstruction FY 99-00 Financing Principal $150,000.00 1998 GO Bonds $23,292,162.49 Interest $69,826.77 1998 GO Bonds $23,361,989.26 Johnson Rebate # 1 & 2 5 yrs @ 100%, 8 yrs @ 100% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Principal $20,934.30 $21,381.91 $34,795.88 $35,043.46 $37,174.38 $21,086.46 $22,056.54 $13,472.74 $13,871.48 $13,815.56 TIF Rebate $23,382,923.56 $23,404,305.47 $23,439,101.35 $23,474,144.81 $23,511,319.19 $23,532,405.65 $23,554,462.19 $23,567,934.93 $23,581,806.41 $23,599,621.97 GSW Rebate 5 yrs. @ 100% 2001 2002 2003 2004 2005 Principal $9,747.24 $10,982.28 $10,780.79 $11,732.94 $7,037.40 TIF Rebate $23,609,369.21 $23,620,351.49 $23,631,132.28 $23,642,865.22 $23,649,902.62 Hollen Rebate 5 yrs. @ 100% 2001 2002 2003 2004 2005 Principal $2,388.33 $2,954.68 $2,960.08 $3,156.64 $3,881.06 TIF Rebate $23,652,290.95 $23,655,245.63 $23,658,205.71 $23,661,362.35 $23,665,243.41 Resolution No. 2009-1170 Page 3 Ritter Rebate 10 yrs @ 100% or until $20,910 is pd 2001 2002 2003 2004 2005 2006 2007 2008 Principal $2,660.86 $2,837.28 $2,873.50 $3,031.20 $3,539.38 $3,647.56 $2,089.29 $230.93 TIF Rebate $23,667,904.27 $23,670,741.55 $23,673,615.05 $23,676,646.25 $23,680,185.63 $23,683,833.19 $23,685,922.48 $23,686,153.41 Lown Rebate #1 5 yrs @ 100% 2001 2002 2003 2004 2005 Principal $1,417.98 $1,694.74 $722.85 $1,005.92 $2,982.84 TIF Rebate $23,687,571.39 $23,689,266.13 $23,689,988.98 $23,690,994.90 $23,693,977.74 Lown Rebate #2 5 yrs @ 100% 2001 2002 2003 2004 2005 Principal $495.42 $565.50 $540.89 $604.16 $946.84 TIF Rebate $23,694,473.16 $23,695,038.66 $23,695,579.55 $23,696,183.71 $23,697,130.55 Roberts Rebate 5 yrs @ 100 % 2002? 2003? 2004? 2005? 2006? Principal $0 TIF Rebate $23,697,130.55 $23,697,130.55 $23,697,130.55 $23,697,130.55 $23,697,130.55 Marsh Place Rebate 10 yrs 85%2003 85%2004 85%2005 85%2006 85%2007 85%2008 85%2009 *75% 2010 *60% 2011 *45% 2012 Principal $11,693.83 $12,668.38 $8,193.78 $6,771.88 $6,777.58 $6,855.68 $6,743.00 $5,886.26 $4,691.34 $1,759.25 TIF Rebate $23,708,824.38 $23,721,492.76 $23,729,686.54 $23,736,458.42 $23,743,236.00 $23,750,091.68 $23,756,834.68 $23,762,720.94 $23,767,412.28 $23,769,171.53 Garthoff Rebate 5 yrs @ 100% 2003 2004 2005 2006 2007 Principal $0 TIF Rebate $23,769,171.53 $23,769,171.53 $23,769,171.53 $23,769,171.53 $23,769,171.53 Ament Rebate 5 yrs @ 100% 2002 2003 2004 2005 2006 Principal $1,601.89 $1,585.43 $1,711.38 $2,332.32 $2,424.79 TIF Rebate $23,770,773.42 $23,772,358.85 $23,774,070.23 $23,776,402.55 $23,778,827.34 MIK Rebate 5 yrs @ 100% 2002 2003 Principal $6,516.00 $6,278.34 TIF Rebate $23,785,343.34 $23,791,621.68 Resolution No. 2009-1170 Page 4 2004 2005 2006 $6,684.60 $8,239.50 $8,540.82 $23,798,306.28 $23,806,545.78 $23,815,086.60 Micou Rebate 100% 2006 100% 2007 100% 2008 100% 2009 100% *2010 Principal $595.15 $2,135.84 $2,174.48 $2,550.41 $2,528.00 TIF Rebate $23,815,086.60 $23,815,681.75 $23,817,817.59 $23,819,992.07 $23,822,542.48 $23,825,070.48 Cedar Skyline Rebate Gilmor & Doyle 100%* 2003-2006 2007 Principal $49,742.55 TIF Rebate $23,825.070.48 $23,874,813.03 Gilmor & Doyle 100%* 2007 Principal $15,292.97 $23,890,106.00 Gilmor & Doyle 2008 Principal $16,127.59 $23,906,233.59 Landau Rebate 10 yrs @ 100% 2003 2004 2005 2006 2007 2008 2009 *2010 *2011 *2012 Principal $13,646.60 $14,427.14 $17,025.24 $17,615.74 $20,435.62 $20,610.38 $22,243.62 $21,986.00 $21,986.00 $21,986.00 TIF Rebate $23,919,880.19 $23,934,307.33 $23,951,332.57 $23,968,948.31 $23,989,383.93 $24,009,994.31 $24,032,237.93 $24,054,223.93 $24,076,209.93 $24,098,195.93 Orr Haffa Rebate 7 yrs @ 100% 2008 2009 *2010 *2011 *2012 *2013 *2014 Principal $7,824.63 $8,612.00 $8,516.00 $8,516.00 $8,516.00 $8,516.00 $8,516.00 $24,106,020.56 $24,114,632.56 $24,123,148.56 $24,131,664.56 $24,140,180.56 $24,148,696.56 $24,157,212.56 Slife Rebate 8 yrs @ 100% 2008 2009 *2010 *2011 *2012 *2013 *2014 *2015 Principal $6,808.06 $6,291.58 $3,146.00 $3,146.00 $3,146.00 $3,146.00 $3,146.00 $3,146.00 $24,164,020.62 $24,170,312.20 $24,173,458.20 $24,176,604.20 $24,179,750.20 $24,182,896.20 $24,186,042.20 $24,189,188.20 Courier Rebate 10 yrs @ 100% 2008 2009 *2010 *2011 *2012 *2013 *2014 *2015 *2016 *2017 Principal $6,740.10 $9,584.16 $9,515.00 $9,515.00 $9,515.00 $9,515.00 $9,515.00 $9,515.00 $9,515.00 $9,515.00 $24,195,928.30 $24,205,512.46 $24,215,027.46 $24,224,542.46 $24,234,057.46 $24,243,572.46 $24,253,087.46 $24,262,602.46 $24,272,117.46 $24,281,632.46 NCN Ltd. Rebate 7 yrs @ 100% 2008 Principal $0.001 TIF Rebate $24,281,632.46 Resolution No. 2009-1170 Page 5 2009 2010* 2011* 2012* 2013* 2014* 2015* $26,230.70 $32,266.00 $32,266.00 $32,266.00 $32,266.00 $32,266.00 $23,766.00 $24,307,863.16 $24,340,129.16 $24,372,395.16 $24,404,661.16 $24,436,927.16 $24,469,193.16 $24,492,959.16 Hollen II Rebate 5 yrs @ 100% 2007 2008 2009 2010* 2011* Principal $1,793.46 $1,855.44 $2,470.00 $2,456.00 $2,456.00 TIF Rebate $24,494,752.62 $24,496,608.06 $24,499,078.06 $24,501,534.06 $24,503,990.06 CN Bank -3rd Floor 10yrs @ 100% 2009 2010* 2011* 2012* 2013* 2014* 2015* 2016* 2017* 2018* Principal $16,126.00 $16,296.00 $16,296.00 $16,296.00 $16,296.00 $16,296.00 $16,296.00 $16,296.00 $16,296.00 $16,296.00 TIF Rebate $24,520,116.06 $24,536,412.06 $24,552,708.06 $24,569,004.06 $24,585,300.06 $24,601,596.06 $24,617,892.06 $24,634,188.06 $24,650,484.06 $24,666,780.06 JSA Development 5 yrs @ 100% 2009 2010* 2011* 2012* 2013* Principal $6,146.00 $6,088.00 $6,088.00 $6,088.00 $6,088.00 TIF Rebate $24,666,780.06 $24,672,926.06 $24,679,014.06 $24,685,102.06 $24,691,190.06 $24,697,278.06 Jackie Rosic 5 yrs @ 100% Principal TIF Rebate $24,697,278.06 2009 $4,149.00 $24,701,427.06 2010* $4,166.00 $24,705,593.06 2011* $4,166.00 $24,709,759.06 2012* $4,166.00 $24,713,925.06 2013* $4,166.00 $24,718,091.06 Downtown Redevelopment 6/01 Principal $307,500.00 2001 GO Bonds $24,025,591.06 Interest $145,177.00 2001 GO Bonds $25,170,768.06 SSMID Taxes Principal $66,512.46 Contract $25,237,280.25 Downtown St. RISE Match Fund 413 —Principal $150,000.00 2003 GO Bonds $25,387,280.52 Interest $32,912.00 2003 GO Bonds $25,420,192.52 US 63 Study Fund 411 Principal $50,000.00 2001 GO Bonds $25,470,192.52 Interest $23,446.50 2001 GO Bonds $25,493,639.02 Windows on Waterloo V Fund 412 Principal $11,002.00 2002 GO Bonds $25,504,641.02 Interest $7,674.00 2002 GO Bonds $25,512,315.02 Downtown Redevelopment Fund 413 Principal $200,000.00 2003 GO Bonds $25,712,315.02 Interest $47,888.00 2003 GO Bonds $25,760,203.02 Downtown Redevelopment Fund 413 Principal $55,358.07 2003 GO Bonds $25,815,561.09 Interest $14,490.00 2003 GO Bonds $25,830,051.09 Downtown Redevelopment Fund 413 Principal $78,114.59 2003 GO Bonds $25,908,165.68 Interest $18,707.00 2003 GO Bonds $25,926,872.68 Downtown Street Lighting Fund 414 Principal $40,000.00 2004 GO Bonds $25,966,872.68 Interest $13,450.00 2004 GO Bonds $25,980,322.68 Main Street 2004 Principal $30,000.00 Contract $26,010,322.68 Resolution No. 2009-1170 Page 6 SSMID 2003 Principal $56,641.16 Contract $26,066,963.84 SSMID 2004 Principal $896.59 Contract $26,067,860.43 Main Street 2005 Principal $30,000.00 Contract $26,097,860.43 Downtown Acquisition Fund 414 (taxable) Principal $140,000.00 2004 GO Bonds $26,237,860.43 Interest $71,380.00 2004 GO Bonds $26,309,240.43 Vandewalle Contract Fund 414 Principal $60,000.00 2004 GO Bonds $26,369,240.43 Interest $23,225.36 2004 GO Bonds $26,392,465.79 Downtown Redevelopment Fund 414 Principal $215,000.00 2004 GO Bonds $26,607,465.79 Interest $80,212.62 2004 GO Bonds $26,687,678.41 Downtown Street Lighting Fund 414 Principal $10,000.00 2004 GO Bonds $26,697,678.41 Interest $3,965.36 2004 GO Bonds $26,701,643.77 Main Street 2006 Principal $30,000.00 Contract $26,731,643.77 Downtown Acquisition Fund 414 Principal $150,000.00 2004 GO Bonds $26,881,643.77 Interest $53,362.50 2004 GO Bonds $26,935,006.27 Downtown Acquisition Fund 415 Principal $850,000.00 2005 GO Bonds $27,785,006.27 Interest $282,397.50 2005 GO Bonds $28,067,403.77 Downtown Dev Fund 406 tax exempt Principal $100,000.00 2006 GO Bonds $28,167,403.77 Interest $40,915.00 2006 GO Bonds $28,208,318.77 WDC Properties I Acquisition Contract Principal $240,000.00 Advance $28,448,318.77 Interest $24,330.00 Advance $28,472,648.77 Downtown Dev. Fund 406 tax exempt Principal $500,000.00 2006 GO Bonds $28,972,648.77 Interest $194,662.60 2006 GO Bonds $29,167,311.37 Downtown Property Acq. Principal $546,079.28 Advance $29,713,390.65 Main Street 2007 Principal $30,000.00 Contract $29,743,390.65 Main Street 2008 Principal $30,000.00 Contract $29,773,390.65 Main Street 2009 Principal $30,000.00 Contract $29,803,390.65 Main Street 2010 Principal $40,000.00 Contract $29,843,390.65 1998 GO Bonds Refinanced - Deduct Old Debt Service Principal ($87,000.00) 1998 GO Bonds $29,756,390.65 Interest ($14,231.00) 1998 GO Bonds $29,742,159.65 1998 GO Bonds Refinanced - Add New Debt Service Principal $87,600.00 2007 GO Bonds $29,829,759.65 Interest $12,654.00 $29,842,413.65 1999 GO Bonds Refinanced - Deduct Old Debt Service Principal ($287,327.00) 1999 GO Bonds $29,555,086.65 Interest ($103,658.00) 1999 GO Bonds $29,451,428.65 1999 GO Bonds Refinanced - Add New Debt Service Principal $289,301.00 2007 GO Bonds $29,740,729.65 Interest $80,969.00 $29,821,698.65 Fund 407 Pump Station Principal $1,050,000.00 2007 GO Bonds $30,871,698.65 Interest $379,495.00 $31,251,193.65 Fund 407 Parking Ramp Principal $700,000.00 2007 GO Bonds $31,951,193.65 Interest $257,645.00 $32,208,838.65 Fund 407 Property Acq. Tax exempt Principal $200,000.00 2007 GO Bonds $32,408,838.65 Interest $74,550.00 $32,483,388.65 Fund 407 Property Acq. Taxable Principal $200,000.00 2007 GO Bonds $32,683,388.65 Interest $71,112.50 $32,754,501.15 Fund 407 Development Plan Principal $100,000.00 2007 GO Bonds $32,854,501.15 Interest $39,250.00 $32,893,751.15 Fund 408 Development Plan Tax Exempt Principal $100,000.00 2008 GO Bonds $32,993,751.15 Interest $34,332.50 $33,028,083.65 Fund 408 Property Acq. Tax Exempt Principal $150,000.00 2008 GO Bonds $33,178,083.65 Interest $45,655.00 $33,223,738.65 Fund 408 Public Market Principal $585,000.00 2008 GO Bonds $33,808,738.65 Interest $172,750.00 $33,981,488.65 Resolution No. 2009-1170 Page 7 Fund 408 Parking Ramp Taxable Principal $1,400,000.00 2008 GO Bonds $35,381,488.65 Interest $407,250.00 $35,788,738.65 E. 4+h Street Streetscape Project Principal $9,200.00 Advance $35,797,938.65 E. 4th Street Improvements Principal $420,029.47 Advance $36,217,968.12 *Estimated Resolution No. 2009-1170 Page 8 Exhibit "B" Cumulative as of June 30, 2009 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 2 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) No. Year Received Amount Received from Payments under Sec. 402.12(2) - TIF Other Revenue Received Cumulative Amount 1 FY 1977 $22,566.19 $22,566.19 2 FY 1978 $50,863.50 $73,429.69 3 FY 1979 $163,010.80 $236,440.49 4 FY 1980 $216,795.08 $453,235.57 5 FY 1981 $319,027.40 $772,262.97 6 FY 1982 $385,731.14 $1,157,994.11 7 FY 1983 $476,100.00 $1,634,094.11 8 FY 1984 $534,281.00 $2,168,375.11 9 FY 1985 $582,411.43 $2,750,786.54 10 FY 1986 $773,667.04 $72,793.00 $3,597,246.58 11 FY 1987 $829,625.00 $121,738.00 $4,548,609.58 12 FY 1988 $778,965.94 $73,975.00 $5,401,550.52 13 FY 1989 $607,992.00 $76,019.00 $6,085,561.52 14 FY 1990 $1,104,273.00 $199,453.84 $7,389,288.36 15 FY 1991 $911,105.00 $292,043.20 $8,592,436.56 16 FY 1992 $887,043.00 $136,932.05 $9,616,411.61 17 FY 1993 $881,666.00 $131,685.90 $10,629,763.51 18 FY 1994 $897,520.00 $146,935.03 $11,674,218.54 19 FY 1995 $752,642.00 $131,841.98 $12,558,702.52 20 FY 1996 $657,480.00 $203,285.29 $13,419,467.81 21 FY 1997 $602,482.27 $207,785.90 $14,229,735.98 22 FY 1998 $552,575.59 $198,774.53 $14,981,086.10 23 FY 1999 $599,707.53 $72,765.79 $15,653,559.42 24 FY 2000 $549,044.97 $72,000.00 $16,274,604.39 25 FY 2001 $781,750.82 $72,000.00 $17,128,355.21 26 FY 2002 $874,603.46 $72,000.00 $18,074,958.67 27 FY 2003 $797,581.70 $72,000.00 $18,944,540.37 28 FY 2004 $746,995.28 $19,691,535.65 29 FY 2005 $849,326.72 $20,540,862.37 30 FY 2006 $972,617.30 $21,513,479.67 31 FY 2007 $935,872.08 $143,555.75 $22,592,907.50 32 FY 2008 $990,766.64 $16,979.08 $23,600,653.22 33 FY 2009 $1,229,705.33 $3,671.82 $24,834,030.37 34 FY 2010* $1,230,000.00 $26,064,030.37 * Estimated Values # Includes Special Assessments and Parking Revenue Resolution No. 2009-1170 Page 9 PASSED AND ADOPTED this 23rd day of November, 2009. Tim Hurley, May ATTEST: aro Failor, Deputy City Clerk