HomeMy WebLinkAboutTIF East Waterloo Unified - 11/21/2022 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*: $ 1,905,701
*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$140,670.00 in debt reductions and revenue adjustments using Form 3 that did not
carry to this form. Net debt outstanding at 6/30/2022 should be$14,803,167.33.
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 2022
4_A c t - 319.291.4323
Signature of Authorized Official Telephone
CITY TIF FORM 1.1 -To be attached to CITY h IF 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: 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: $9,378.22.00 3/25/2021 9,378
El'X'this box if a rebate agreement. List administrative details on lines above.
2. ED Grant All In Grocers FY22 9/24/2018 200,000
1:1'X'this box if a rebate agreement. List administrative details on lines above.
3. Logan North Crossing Platting and Design$100,300 4/5/2021 100,300
1=I'X'this box if a rebate agreement. List administrative details on lines above.
4. Logan Demolition Costs FY22$120,310.61 3/15/2021 120,311
O'X'this box if a rebate agreement. List administrative details on lines above.
5. Logan Salaries: $17,213.75 3/25/2021 17,214
O'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: 447,203
*"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: 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 FY22$2,780.40 11/07/2016 2,780
D'X'this box if a rebate agreement. List administrative details on lines above.
7. Airline Hwy San Sewer Con 979$432 12/30/2019 432
EX this box if a rebate agreement. List administrative details on lines above.
8. AECOM Water Main Improvments Cont 1033$12,311.62 10/19/2020 12,312
O'X'this box if a rebate agreement. List administrative details on lines above.
9. CGA Leversee Road San Sewer Con$83,386.48 9/16/2019 83,386
E'X'this box if a rebate agreement. List administrative details on lines above.
10.Leversee Road Lift Station Cont FY 22$468m503.94 12/7/2020 468,504
❑'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: 567,414
*"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 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:
11.Warp Drive RISE Cont$56,183.48 7/20/2020 56,183
O'X'this box if a rebate agreement. List administrative details on lines above.
12.Hyper Drive RISE Cont$710,887.15 9/7/2021 710,887
D'X'this box if a rebate agreement. List administrative details on lines above.
13.Backbone Design (Fiber)$21,535.00 9/7/21 21,535
D'X'this box if a rebate agreement. List administrative details on lines above.
14.GROW Cedar Valley Constract$24,250.00 7/19/2021 24,250
D'X'this box if a rebate agreement. List administrative details on lines above.
15.Midport Salaries FY22$31,346.01 3/25/2021 31,346
D'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: 844,202
*"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 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.Midport Admin Expenses FY22$4,896 3/25/2021 4,896
O'X'this box if a rebate agreement. List administrative details on lines above.
17.GBG LLC Rebate Increase$41,986 11/5/2018 41,986
D'X'this box if a rebate agreement. List administrative details on lines above.
18.
EN'this box if a rebate agreement. List administrative details on lines above.
19.
O'X'this box if a rebate agreement. List administrative details on lines above.
20.
D'X'this box if a rebate agreement. List administrative details on lines above.
Total For City TIF Form 1.1 Page 4: 46,882
*"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: 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 FY22(Midport): $86,397.74 86,398
KWWL Television Tax Rebate Estimate Adjustment: Decrease of$2,650 2,650
North Crossing Tax Rebate Estimate Adjustment: Decrease of$2,126 2,126
Koelker Properties Tax Rebate Estimate Adjustment: Decrease of$2,982 2,982
ARC(FedEX)Tax Rebate Estimate Adjustment: Decrease of$10,003.84 10,004
Endeavors Tax Rebate Estimate Adjustment-Decrease$3,416 3,416
Hydrite Chemical Tax Rebate Estimate Adjustment: Decrease of$20,081.00 20,081
Paramount Investments Rebate Estimate Adjustment-Decrease$1.00 1
No Steps Tax Rebate Estimate Adjustment Decrease of$3,100 3,100
Avita Expansion Rebate Estimate Adjustment-Decrease$3,310.00 3,310
Conagra Phase II &III Tax Rebate Estimate Adjustment: Decrease$6,602.00 6,602
Cedar Valley Warehouse rebate estimate adjustment: Decrease$1,364 1,364
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: 142,034
Dated this day of November , 2022
LI
319-291-4323
Signature oftii Authorized Official Telephone