HomeMy WebLinkAboutWaterloo Rath Area Urban Renewal 07009 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 Rath Area Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07009 (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*:
$ 5,642,302
*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 $0.00 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 $7,670,415.90
Dated this 20 day of
QttvtEvz
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 Rath Area Urban Renewal
Urban Renewal Area Number: 07009 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
Date Approved*:
Total Amount:
1. Administrative Expenses
6/20/2023
4,249
F�'X' this box if a rebate agreement. List administrative details on lines above.
2. Salaries FY 23
6/20/2023
18,502
FI'X' this box if a rebate agreement. List administrative details on lines above.
3. 1442/1620 Sycamore Acquisition
8/14/2017
130,312
From Crystal Distribution
n'X' this box if a rebate agreement. List administrative details on lines above.
4. A&K Investments
12/07/2020
954
Rebate $954
FI'X' this box if a rebate agreement. List administrative details on lines above.
5. Admin Asbestos Removal FY23
05/19/2022
12,213
F�'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: 166,230
* "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 Rath Area Urban Renewal
Urban Renewal Area Number: 07009 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
Date Approved*:
Total Amount:
6. Rath Cleanup FY23
8/21/2021
21,818
F�'X' this box if a rebate agreement. List administrative details on lines above.
7. Crystal Distribution Rebates $2,211,929
5/17/2021
2,211,929
Additional 10 years @70%
For expansion
FI'X' this box if a rebate agreement. List administrative details on lines above.
8. 11st Street Bridge Reconstruction
05/03/2021
3,242,325
n'X' this box if a rebate agreement. List administrative details on lines above.
9.
FI'X' this box if a rebate agreement. List administrative details on lines above.
10.
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: 5,476,072
* "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: Waterloo Rath Area Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07009 (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:
Total Reduction In Indebtedness For This Urban Renewal Area:
Dated this 20 day of
62uertCuz �L�crE
Amount
Reduced:
November , 2023
319.291.4323
0
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 Rath Area Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07009 (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*:
$ 5,642,302
*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 $0.00 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 $7,670,415.90
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 Rath Area Urban Renewal
Urban Renewal Area Number: 07009 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
Date Approved*:
Total Amount:
1. Administrative Expenses
6/20/2023
4,249
F�'X' this box if a rebate agreement. List administrative details on lines above.
2. Salaries FY 23
6/20/2023
18,502
FI'X' this box if a rebate agreement. List administrative details on lines above.
3. 1442/1620 Sycamore Acquisition
8/14/2017
130,312
From Crystal Distribution
n'X' this box if a rebate agreement. List administrative details on lines above.
4. A&K Investments
12/07/2020
954
Rebate $954
FI'X' this box if a rebate agreement. List administrative details on lines above.
5. Admin Asbestos Removal FY23
05/19/2022
12,213
F�'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: 166,230
* "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 Rath Area Urban Renewal
Urban Renewal Area Number: 07009 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
Date Approved*:
Total Amount:
6. Rath Cleanup FY23
8/21/2021
21,818
F�'X' this box if a rebate agreement. List administrative details on lines above.
7. Crystal Distribution Rebates $2,211,929
5/17/2021
2,211,929
Additional 10 years @70%
For expansion
FI'X' this box if a rebate agreement. List administrative details on lines above.
8. 11st Street Bridge Reconstruction
05/03/2021
3,242,325
n'X' this box if a rebate agreement. List administrative details on lines above.
9.
FI'X' this box if a rebate agreement. List administrative details on lines above.
10.
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: 5,476,072
* "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: Waterloo Rath Area Urban Renewal
County: Black Hawk
Urban Renewal Area Number: 07009 (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:
Total Reduction In Indebtedness For This Urban Renewal Area:
Dated this 20th day of
Amount
Reduced:
November , 2023
319.291.4323
0
Signature of Authorized Official
Telephone