Loading...
HomeMy WebLinkAboutWaterloo East Waterloo Unified TIF 07045 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: East Waterloo Unified TIF County: Black Hawk 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*: $ 3,201,141 *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 $100,899.00 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 $14,352,066 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 20 day of November 2023 319.291.4323 Signature of Authorized Official 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: 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. MidAmerican Warp Electric Extension 09/15/2022 1,706,980 F�'X' this box if a rebate agreement. List administrative details on lines above. 2. Leversee Road Lift Station FY23 12/7/2020 120,461 FI'X' this box if a rebate agreement. List administrative details on lines above. 3. Hyper Drive RISE FY23 9/7/2021 268,637 n'X' this box if a rebate agreement. List administrative details on lines above. 4. WW Front Footage Payment FY23 03/07/2023 56,466 FI'X' this box if a rebate agreement. List administrative details on lines above. 5. WBM Development Grant FY23 12/19/2022 250,000 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 2. Total For City TIF Form 1.1 Page 1: 2,402,544 * "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. 3 Stooges Dev Grant FY23 07/17/2022 59,887 F�'X' this box if a rebate agreement. List administrative details on lines above. 7. Midport Salaries FY23 06/20/2023 39,497 FI'X' this box if a rebate agreement. List administrative details on lines above. 8. Midport Admin Exp FY23 06/20/2023 4,833 n'X' this box if a rebate agreement. List administrative details on lines above. 9. Central Property Holdings Grant FY23 9/24/2018 136,983 FI'X' this box if a rebate agreement. List administrative details on lines above. 10. North Crossing Platting and Design FY23 4/05/2023 179,044 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 3. Total For City TIF Form 1.1 Page 2: 420,245 * "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. Chamberlian Exp FY23 09/21/2021 18,470 F�'X' this box if a rebate agreement. List administrative details on lines above. 12. Demolition Costs FY23 08/20/2022 76,658 FI'X' this box if a rebate agreement. List administrative details on lines above. 13. Hickory House Dev Grant 05/15/2023 183,277 n'X' this box if a rebate agreement. List administrative details on lines above. 14. Logan Admin Exp 06/20/2023 32,574 FI'X' this box if a rebate agreement. List administrative details on lines above. 15. Logan Salaries 6/20/2023 25,389 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: 336,368 * "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. North Crossing Estimate rebate increase of $10,548 01/06/2016 10,548 Q'X' this box if a rebate agreement. List administrative details on lines above. 17. GBG LLC Estimate rebate increase of $4,464 10/17/2019 4,464 xl'X' this box if a rebate agreement. List administrative details on lines above. 18. Aline ALO Estimate rebate Increase of $26,972 08/06/2017 26,972 Q'X' this box if a rebate agreement. List administrative details on lines above. 19. FI'X' this box if a rebate agreement. List administrative details on lines above. 20. n'X' this box if a rebate agreement. List administrative details on lines above. Total For City TIF Form 1.1 Page 4: 41,984 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. 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: East Waterloo Unified TIF County: Black Hawk 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: Interest Revenue Received During FY23 (Midport) KWWL Television Tax Rebate Estimate Adjustment: Decrease of $16,405 Hartel Proeprties tax rebate estimate adjustment: Decrease of $5214 Paramount Investments tax rebate estimate decrease of $2126 Avita Expansion tax rebate estimate decrease of $3270 Hydrite Chemical tax rebate estimate decrease of $3742 Conagra tax rebate estimate decreast of $2120 No Steps rebate estimate decrease of $2928 Professional Lawn Car rebate estimate decrease of $13497 ARC Fedex rebate estimate decrease of $10003.84 Cedar Valley Warehouse Rebate estimate decrease of $23504 Endeaveor Reese Properties rebate estimate decrease of $3276 Amount Reduced: 14,813 16,405 5,214 2,126 3,270 3,742 2,120 2,928 13,497 10,004 23,504 3,276 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: East Waterloo Unified TIF County: Black Hawk 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: 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: East Waterloo Unified TIF County: Black Hawk 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: 100,899 Dated this 20 day of 62%�e/2iut l IL�� sictiEo November 2023 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: East Waterloo Unified TIF County: Black Hawk 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*: $ 3,201,141 *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 $100,899.00 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 $14,352,066 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 20th day of November 2023 s' am 319.291.4323 Signature of Authorized Official 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: 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. MidAmerican Warp Electric Extension 09/15/2022 1,706,980 F�'X' this box if a rebate agreement. List administrative details on lines above. 2. Leversee Road Lift Station FY23 12/7/2020 120,461 FI'X' this box if a rebate agreement. List administrative details on lines above. 3. Hyper Drive RISE FY23 9/7/2021 268,637 n'X' this box if a rebate agreement. List administrative details on lines above. 4. WW Front Footage Payment FY23 03/07/2023 56,466 FI'X' this box if a rebate agreement. List administrative details on lines above. 5. WBM Development Grant FY23 12/19/2022 250,000 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 2. Total For City TIF Form 1.1 Page 1: 2,402,544 * "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. 3 Stooges Dev Grant FY23 07/17/2022 59,887 F�'X' this box if a rebate agreement. List administrative details on lines above. 7. Midport Salaries FY23 06/20/2023 39,497 FI'X' this box if a rebate agreement. List administrative details on lines above. 8. Midport Admin Exp FY23 06/20/2023 4,833 n'X' this box if a rebate agreement. List administrative details on lines above. 9. Central Property Holdings Grant FY23 9/24/2018 136,983 FI'X' this box if a rebate agreement. List administrative details on lines above. 10. North Crossing Platting and Design FY23 4/05/2023 179,044 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 3. Total For City TIF Form 1.1 Page 2: 420,245 * "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. Chamberlian Exp FY23 09/21/2021 18,470 F�'X' this box if a rebate agreement. List administrative details on lines above. 12. Demolition Costs FY23 08/20/2022 76,658 FI'X' this box if a rebate agreement. List administrative details on lines above. 13. Hickory House Dev Grant 05/15/2023 183,277 n'X' this box if a rebate agreement. List administrative details on lines above. 14. Logan Admin Exp 06/20/2023 32,574 FI'X' this box if a rebate agreement. List administrative details on lines above. 15. Logan Salaries 6/20/2023 25,389 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: 336,368 * "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. North Crossing Estimate rebate increase of $10,548 01/06/2016 10,548 Q'X' this box if a rebate agreement. List administrative details on lines above. 17. GBG LLC Estimate rebate increase of $4,464 10/17/2019 4,464 xl'X' this box if a rebate agreement. List administrative details on lines above. 18. Aline ALO Estimate rebate Increase of $26,972 08/06/2017 26,972 Q'X' this box if a rebate agreement. List administrative details on lines above. 19. FI'X' this box if a rebate agreement. List administrative details on lines above. 20. n'X' this box if a rebate agreement. List administrative details on lines above. Total For City TIF Form 1.1 Page 4: 41,984 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. 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: East Waterloo Unified TIF County: Black Hawk 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: Interest Revenue Received During FY23 (Midport) KWWL Television Tax Rebate Estimate Adjustment: Decrease of $16,405 Hartel Proeprties tax rebate estimate adjustment: Decrease of $5214 Paramount Investments tax rebate estimate decrease of $2126 Avita Expansion tax rebate estimate decrease of $3270 Hydrite Chemical tax rebate estimate decrease of $3742 Conagra tax rebate estimate decreast of $2120 No Steps rebate estimate decrease of $2928 Professional Lawn Car rebate estimate decrease of $13497 ARC Fedex rebate estimate decrease of $10003.84 Cedar Valley Warehouse Rebate estimate decrease of $23504 Endeaveor Reese Properties rebate estimate decrease of $3276 Amount Reduced: 14,813 16,405 5,214 2,126 3,270 3,742 2,120 2,928 13,497 10,004 23,504 3,276 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: East Waterloo Unified TIF County: Black Hawk 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: 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: East Waterloo Unified TIF County: Black Hawk 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: 100,899 Dated this 20th day of Qavt�uz Signature of Authorized Official November 2023 319-291-4323 Telephone