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Home My WebLink About2023-378-06.20.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2023-378 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, 2023. TO General Fund General Fund Debt Service Fund T FROM I AMOUNT $9,701,512.00 Trust & Agency Fund Trust & T $666,676.00 Agency Fund T T Tax Increment Financing Fund Debt Service Fund T Sewer Fund r Debt Service Fund Grants Fund T Iowa Reinvestment District Fund T T $170,000.00 * * General Fund $1,507,120.20 Capital Projects T Tax increment T $52,056.93 Fund Financing Fund Capital Projects T Tax Increment T $37,792.90 Fund Financing Fund Capital Projects T Tax increment T $254,948.18 Fund Financing Fund Capital Projects T Tax Increment T Fund Financing Fund Capital Projects Fund $11,835.00 T Tax Increment T $21,831.60 Financing Fund 1- PURPOSE Transfer Employee Benefits Levied in the Trust & Agency Fund to the General Fund. Transfer Emergency Levy from the Trust & Agency Fund to the General Fund. $4,355,460.00 r Transfer TIF revenue to reimburse the TIF share of General Obligation Bond „principal and interest. $2,163,281.26 Transfer sewer revenue to reimburse the sewer share of General Obligation Bond „principal and interest. Reimburse Debt Service Fund for reinvestment district funds received to be used to pay principal on the 2017C bond issue. r 1- Transfer ARPA funds to reimburse for the Fiber Project expenses. Transfer a portion of the ARPA funds received into the General Fund to the Grants Fund for fiber rproject design. Transfer TIF increment funds to reimburse for administrative expenses in the San Marnan TIF district. 1- 1- 1- Transfer TIF increment funds to reimburse for administrative expenses in the Rath TIF district. Transfer TIF revenue to reimburse for wetland design services in the NE Site TIF district. Transfer TIF increment funds to reimburse for Resolution No. 2023-378 Page 2 r - ----r r r Capital Projects r Tax Increment r $17,181.86 Fund Financing Fund Capital Projects Fund r r Tax Increment r $13,901.00 r Financing Fund Capital Projects r Tax Increment r $14,965.00 Fund Financing Fund r Capital Projects Fund r r Tax Increment $1,092.00 Financing Fund Capital Projects r Tax Increment r $2,780.40 Fund Financing Fund Capital Projects r Tax Increment r $1,706,980.00 Fund Financing Fund Capital Projects r Tax Increment Fund Financing Fund Capital Projects r Tax Increment r $12,311.62 Fund Financing Fund ✓ ✓ r property cleanup in the Rath TIF district. Transfer TIF increment funds to reimburse for wetland design services in the Northeast Site TIF district. Transfer TIF increment funds to reimburse for administrative expenses in the Northeast Site TIF district. Transfer TIF increment funds to reimburse for backbone design services in the Northeast Site TIF district. Transfer TIF increment funds to reimburse for administrative expenses in the Martin Road TIF district. Transfer TIF increment funds to reimburse for design and construction services for the Leversee area in the East Waterloo Unified (Midport) TIF district. Transfer TIF increment funds to reimburse for the installation of electric lines in the Leversee area in the East Waterloo Unified r r (Midport) TIF district. $432.00 Transfer TIF increment funds to reimburse for the design and construction of a sanitary sewer project in the Airline Highway area in the East Waterloo Unified (Midport) TIF district. r Transfer TIF increment funds to reimburse for the design and construction of a water main project in the East Waterloo Unified (Midport) TIF district. Capital Projects r Tax Increment r $83,386.48 r Transfer TIF increment Fund Financing Fund funds to reimburse for the design and construction of a sanitary sewer project in the Leversee area in the East Waterloo Unified (Midport) r Resolution No. 2023-378 Page 3 Capital Projects Fund Tax Increment T $588,965.26 Financing Fund Capital Projects -rTax Increment * $56,183.48 Fund Financing Fund Capital Projects -rTax Increment 1-$21,535.00 Fund Financing Fund r Capital Projects -rTax Increment Fund Financing Fund Capital Projects t Tax Increment Fund Financing Fund $28,195.20 $14,124.00 Capital Projects -rTax Increment * $309,887.00 Fund Financing Fund Capital Projects Fund 1- Tax Increment * $167,336.01 Financing Fund Capital Projects -rTax Increment * $16,300.00 Fund Financing Fund Capital Projects * Tax Increment * $94,659.61 Fund Financing Fund r r TIF district. Transfer TIF increment funds to reimburse for the design and construction of a sanitary sewer lift station project in the Leversee area in the East Waterloo Unified r (Midport) TIF district. Transfer TIF increment funds to reimburse for the design and construction of the Warp Drive street project in the East Waterloo Unified (Midport) TIF district. r Transfer TIF increment funds to reimburse for backbone design services in the East Waterloo Unified r (Logan) TIF district. Transfer TIF increment funds to reimburse for the front footage water line project in the East Waterloo Unified (Midport) TIF district. r Transfer TIF increment funds to reimburse for administrative expenses in the East Waterloo Unified r (Midport) TIF district. Transfer TIF increment funds to reimburse for an economic development grant in the East Waterloo Unified (Midport) TIF district. r Transfer TIF increment funds to reimburse for the design and construction of the Hyper Drive street project in the East Waterloo Unified (Midport) TIF district. Transfer TIF increment funds to reimburse for property acquisition and asbestos removal at 118 Shilliam in the East Waterloo Unified (Logan) TIF district. Transfer TIF increment funds to reimburse for property demolition in the Resolution No. 2023-378 Page 4 r - ----T r r Capital Projects T Tax Increment T $6,767.50 Fund Financing Fund Capital Projects T Tax Increment 1- Fund Financing Fund Capital Projects T Tax Increment 1- Fund Financing Fund r Capital Projects Fund Capital Projects Fund -r -r Tax Increment * $279,110.45 Financing Fund Tax Increment T $237,304.27 Financing Fund Capital Projects * Tax Increment -r$714.00 Fund Financing Fund r East Waterloo Unified (Logan) TIF district. Transfer TIF increment funds to reimburse for engineering at the Chamberlain site in the East Waterloo Unified (Logan) TIF district. $37,501.30 r Transfer TIF increment funds to reimburse for administrative expenses in the East Waterloo Unified r (Logan) TIF district. $1,000,000.00 Transfer TIF increment funds to reimburse for property acquisition and an economic development grant for North Crossing in the East Waterloo Unified r (Logan) TIF district. Transfer TIF increment funds to reimburse for platting and design services in the East Waterloo Unified r (Logan) TIF district. Transfer TIF increment funds to reimburse for economic development grant for All -In Grocers in the East Waterloo Unified r (Logan) TIF district. Transfer TIF increment funds to reimburse for administrative expenses in the University Avenue TIF district. Capital Projects T Tax Increment T $58,759.74 r Transfer TIF increment Fund Financing Fund funds to reimburse for development expenses in the Riverfront (Downtown) TIF District. Capital Projects T Tax Increment T $1,055.86 r Transfer TIF increment Fund Financing Fund funds to reimburse for Streetscape expenses in the Riverfront (Downtown) TIF District. Capital Projects Fund T Tax Increment T $62,322.18 Financing Fund 1- Transfer TIF increment funds to reimburse for engineering and construction on the Art Bloc parking lot in the Riverfront (Downtown) TIF District. r Capital Projects T Tax Increment * $941,195.57 r Transfer TIF increment Resolution No. 2023-378 Page 5 ✓ Fund r Financing Fund r r Capital Projects r Tax Increment I- $14,875.00 Fund Financing Fund Capital Projects Fund r ✓ Capital Projects Tax Increment r $54,869.51 Fund Financing Fund General Fund General Fund General Fund General Fund General Fund General Fund General Fund General Fund r r r r r r funds to reimburse for engineering and construction at the Cedar River Marina in the Riverfront (Downtown) TIF District. Transfer TIF increment funds to reimburse for the Waterloo Community Playhouse relocation study in the Riverfront r (Downtown) TIF District. Tax Increment $134,718.00 Transfer TIF increment Financing Fund funds to reimburse for Whitewater design services in the Riverfront r (Downtown) TIF District. Transfer TIF increment funds to reimburse for administrative expenses in the Riverfront (Downtown) TIF District. Tax Increment r $16,140.10 Financing Fund Tax Increment r $15,813.62 Financing Fund Tax Increment r $5,360.35 Financing Fund Tax Increment r $16,605.21 Financing Fund Tax Increment r $16,785.36 Financing Fund Tax Increment r $35,570.44 Financing Fund r Tax Increment Financing Fund r r $23,267.21 Tax Increment r $3,797.57 Financing Fund r r ✓ ✓ ✓ ✓ ✓ r Transfer TIF increment funds to reimburse for salaries in the San Marnan TIF district. Transfer TIF increment funds to reimburse for salaries in the Rath TIF district. Transfer TIF increment funds to reimburse for salaries in the Crossroads TIF district. Transfer TIF increment funds to reimburse for salaries in the NE Site TIF district. Transfer TIF increment funds to reimburse for salaries in the Martin TIF district. Transfer TIF increment funds to reimburse for salaries in the East Waterloo Unified (Midport) TIF district. Transfer TIF increment funds to reimburse for salaries in the East Waterloo Unfired (Logan) TIF district. Transfer TIF increment funds to reimburse for Resolution No. 2023-378 Page 6 General Fund T Tax Increment T $8,672.76 Financing Fund PASSED AND ADOPTED this 20th day of June 2023. ATTEST: Kerley Felchle Kelley Felchle, City Clerk SEAL WA A 0 r salaries in the University Ave. TIF district. Transfer TIF increment funds to reimburse for salaries in the Riverfront (Downtown) TIF district. Quertaa9-t it Quentin Hart, Mayor