HomeMy WebLinkAboutWaterloo Downtown Urban Renewal 07008 FYE2023 - 11.20.2023CITY 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
Urban Renewal Area Name: Waterloo Downtown Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07008 (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*:
$ 10,145,666
*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 $222,357.00 in debt reductions and revenue adjustments using Form 3 that did not
carry to this form. Net debt outstanding at 6/30/2023 should be $47,127,167.30
Dated this 20 day of
62ueitEuz �-L�crE `';
Signature of Authorized Official
November
2023
319.291.4323
Telephone
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 Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
Date Approved*:
Total Amount:
1. Main Street Contract FY23 $60,000
7/18/2022
60,000
F�'X' this box if a rebate agreement. List administrative details on lines above.
2. Administrative Expenses FY23
6/20/2023
93,239
FI'X' this box if a rebate agreement. List administrative details on lines above.
3. Marina Construction Fy22 $117,160.92
1/18/2022
809,236
n'X' this box if a rebate agreement. List administrative details on lines above.
4. LSB Grant
10/7/2019
183,333
xl'X' this box if a rebate agreement. List administrative details on lines above.
5. WCO Relocation FY23
01/03/2023
17,500
Q'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: 1,163,308
* "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 Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
6. Whitewater Course FY23
10/17/2022
122,814
Q'X' this box if a rebate agreement. List administrative details on lines above.
7.
08/21 /2022
1,056
Jefferson Streetscape FY23
FI'X' this box if a rebate agreement. List administrative details on lines above.
8. CFA Parking Lot FY23
10/19/2020
62,322
n'X' this box if a rebate agreement. List administrative details on lines above.
9. Hotel President Rebates $1110
10/20/2014
1,110
xl'X' this box if a rebate agreement. List administrative details on lines above.
10. Arts Mall Property Rebates $122,604
07/16/2018
122,604
Q'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: 309,906
* "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: Waterloo Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
Date Approved*:
Total Amount:
11. CV Realestate Rebates $15,336
01/22/2019
15,336
Q'X' this box if a rebate agreement. List administrative details on lines above.
12. Makenda LLC Rebates $204,912
10/19/2019
204,912
xl'X' this box if a rebate agreement. List administrative details on lines above.
13. Hardcourt Facility Site Clean up
09/05/2023
2,695,704
n'X' this box if a rebate agreement. List administrative details on lines above.
14. Park Avenue Bridge Reconstruction Project $5,756,500
11/1/2021
5,756,500
FI'X' this box if a rebate agreement. List administrative details on lines above.
15.
n'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: 8,672,452
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Cy11V&I101010 M IPA
SPECIFIC DOLLAR REQUEST FOR AVAILABLE TIF INCREMENT TAX FOR NEXT FISCAL YEAR
CERTIFICATION TO COUNTY AUDITOR
Due To County Auditor By December 1 Prior To The Fiscal Year
Where Less Than The Legally Available TIF Increment Tax Is Requested
Use One Certification Per Urban Renewal Area
City: Waterloo
Urban Renewal Area Name: Waterloo Downtown Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07008 (Use five -digit Area Number Assigned by the County Auditor)
I hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City
and County named above, the City requests less than the maximum legally available TIF increment tax as detailed
below.
Provide sufficient detail so that the County Auditor will know how to specifically administer your request. For
example you may have multiple indebtedness certifications in an Urban Renewal Area, and want the maximum
tax for rebate agreement property that the County has segregated into separate taxing districts, but only want
a portion of the available increment tax from the remainder of the taxing districts in the Area.
Specific Instructions To County Auditor For Administering The Request That This
Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Tax:
Please certify the estimated max less $1,322,775 of increment revenue.
Dated this 20
62uerc-Cuz ��CGI'E '°�'
day of November
Amount
Requested:
2023
Signature of Authorized Official Telephone
Cyrr&I101010MEd
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
Urban Renewal Area Name: Waterloo Downtown Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07015 (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:
IRD Reimbursment FY2023
170,000
Bread to Beer Tax Rebate Estimate Adjustment Reduction: $2518
2,518
Twin Trees rebate reduction $9353
9,353
3 Stooges rebate reduction $1258
1,258
Grand Crossing I & II rebate reduction $4898
4,898
Park Avenue Lofts Rebate reduction $24914
24,914
Gaymond Shultz rebate reduction $6302
6,302
Fischels Rebate Reduction $2908
2,908
JSA Development Properties Rebate Reduction $206
206
Elizabeth Blake Rebate Reduction $4630
4,630
Total Reduction In Indebtedness For This Urban Renewal Area:
226,987
Dated this 20 day of November 1 2023
62uerc�ciz �crE
319.291.4323
Signature of Authorized Official
Telephone
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
Urban Renewal Area Name: Waterloo Downtown Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07008 (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*:
$ 10,145,666
*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 $222,357.00 in debt reductions and revenue adjustments using Form 3 that did not
carry to this form. Net debt outstanding at 6/30/2023 should be $47,127,167.30
Dated this 20th day of
Signature of Authorized Official
November
2023
319.291.4323
Telephone
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 Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
Date Approved*:
Total Amount:
1. Main Street Contract FY23 $60,000
7/18/2022
60,000
F�'X' this box if a rebate agreement. List administrative details on lines above.
2. Administrative Expenses FY23
6/20/2023
93,239
FI'X' this box if a rebate agreement. List administrative details on lines above.
3. Marina Construction Fy22 $117,160.92
1/18/2022
809,236
n'X' this box if a rebate agreement. List administrative details on lines above.
4. LSB Grant
10/7/2019
183,333
xl'X' this box if a rebate agreement. List administrative details on lines above.
5. WCO Relocation FY23
01/03/2023
17,500
Q'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: 1,163,308
* "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 Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
6. Whitewater Course FY23
10/17/2022
122,814
Q'X' this box if a rebate agreement. List administrative details on lines above.
7.
08/21 /2022
1,056
Jefferson Streetscape FY23
FI'X' this box if a rebate agreement. List administrative details on lines above.
8. CFA Parking Lot FY23
10/19/2020
62,322
n'X' this box if a rebate agreement. List administrative details on lines above.
9. Hotel President Rebates $1110
10/20/2014
1,110
xl'X' this box if a rebate agreement. List administrative details on lines above.
10. Arts Mall Property Rebates $122,604
07/16/2018
122,604
Q'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: 309,906
* "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: Waterloo Downtown Urban Renewal
Urban Renewal Area Number: 07008 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
Date Approved*:
Total Amount:
11. CV Realestate Rebates $15,336
01/22/2019
15,336
Q'X' this box if a rebate agreement. List administrative details on lines above.
12. Makenda LLC Rebates $204,912
10/19/2019
204,912
xl'X' this box if a rebate agreement. List administrative details on lines above.
13. Hardcourt Facility Site Clean up
09/05/2023
2,695,704
n'X' this box if a rebate agreement. List administrative details on lines above.
14. Park Avenue Bridge Reconstruction Project $5,756,500
11/1/2021
5,756,500
FI'X' this box if a rebate agreement. List administrative details on lines above.
15.
n'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: 8,672,452
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Cy11V&I101010 M IPA
SPECIFIC DOLLAR REQUEST FOR AVAILABLE TIF INCREMENT TAX FOR NEXT FISCAL YEAR
CERTIFICATION TO COUNTY AUDITOR
Due To County Auditor By December 1 Prior To The Fiscal Year
Where Less Than The Legally Available TIF Increment Tax Is Requested
Use One Certification Per Urban Renewal Area
City: Waterloo
Urban Renewal Area Name: Waterloo Downtown Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07008 (Use five -digit Area Number Assigned by the County Auditor)
I hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City
and County named above, the City requests less than the maximum legally available TIF increment tax as detailed
below.
Provide sufficient detail so that the County Auditor will know how to specifically administer your request. For
example you may have multiple indebtedness certifications in an Urban Renewal Area, and want the maximum
tax for rebate agreement property that the County has segregated into separate taxing districts, but only want
a portion of the available increment tax from the remainder of the taxing districts in the Area.
Specific Instructions To County Auditor For Administering The Request That This
Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Tax:
Please certify the estimated max less $1,322,775 of increment revenue.
Amount
Requested:
Dated this 20th day of November 2023
Signature of Authorized Official Telephone
Cyrr&I101010MEd
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
Urban Renewal Area Name: Waterloo Downtown Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07015 (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:
IRD Reimbursment FY2023
170,000
Bread to Beer Tax Rebate Estimate Adjustment Reduction: $2518
2,518
Twin Trees rebate reduction $9353
9,353
3 Stooges rebate reduction $1258
1,258
Grand Crossing I & II rebate reduction $4898
4,898
Park Avenue Lofts Rebate reduction $24914
24,914
Gaymond Shultz rebate reduction $6302
6,302
Fischels Rebate Reduction $2908
2,908
JSA Development Properties Rebate Reduction $206
206
Elizabeth Blake Rebate Reduction $4630
4,630
Total Reduction In Indebtedness For This Urban Renewal Area:
226,987
Dated this 20th day of November 1 2023
67avz/ UZ l W l NEti
319.291.4323
Signature of Authorized Official
Telephone