HomeMy WebLinkAboutWaterloo Downtown Urban Renewal 07008 FYE2024CITY 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: Waterloo Downtown Urban Renewal
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*:
$ 1,150,730
*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 $312,322.00 in debt reductions and revenue adjustments using Form 3 that did not
carry to this form. Net debt outstanding at 6/30/2024 should be $43,357,634.19
Dated this 26th day of November
62crerc-uz r1
2024
OI ITA LV
SIGNED
./ 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: 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:
1. Main Street Contract FY24 $60,000
El'X' this box if a rebate agreement. List administrative details on lines above.
2. Administrative Expenses FY24
El'X' this box if a rebate agreement. List administrative details on lines above.
3. Property Closing FY24 - Parcels 8913-23-378-003 & 8913-23-377-008
this box if a rebate agreement. List administrative details on lines above.
4. Property Closing FY24 - 1103 Commercial St
El'X' this box if a rebate agreement. List administrative details on lines above.
5. Property Closing FY24 - 200 E. Mullan Ave
Date Approved*:
7/29/2024
Total Amount:
60,000
6/17/2024 50,112
2/19/2024 61,799
4/15/2024 45,757
12/11/2023 6,739
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 2.
Total For City TIF Form 1.1 Page 1:
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
224,407
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:
6. 327 W 3rd St Property Taxes
7.
D'X' this box if a rebate agreement. List administrative details on lines above.
Running Hawk ED Grant FY24
El'X' this box if a rebate agreement. List administrative details on lines above.
8. Cedar River Marina
D'X' this box if a rebate agreement. List administrative details on lines above.
9. HR Green Environmental Surveys FY24
El'X' this box if a rebate agreement. List administrative details on lines above.
10. Hardcourt Facility Site Cleanup FY24
Date Approved*:
10/13/2023
Total Amount:
55,413
11/20/2023 199,000
1/18/2022 88,093
7/16/2018 32,251
9/5/2023 268,254
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 3.
Total For City TIF Form 1.1 Page 2:
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
643,011
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:
11. Arts Mall Properties, LLC Rebates $3,724
D'X' this box if a rebate agreement. List administrative details on lines above.
12. Grand Crossing I & II Rebates $1,206
Q'X' this box if a rebate agreement. List administrative details on lines above.
13. Bread to Beer, LLC Rebates $642.00
Q'X' this box if a rebate agreement. List administrative details on lines above.
14. Park Avenue Lofts Rebates $35,666
Q'X' this box if a rebate agreement. List administrative details on lines above.
15. 3 Stooges, LLC Rebates $869.00
Date Approved*:
7/16/2018
Total Amount:
3,724
12/19/2016 1,206
9/8/2015 642
6/18/2015 35,666
6/1/2015 869
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 4.
Total For City TIF Form 1.1 Page 3:
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
42,107
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: 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:
16. Vandewalle Contract
D'X' this box if a rebate agreement. List administrative details on lines above.
17. JSA ED Grant - 716-718 Commercial St FY24
El'X' this box if a rebate agreement. List administrative details on lines above.
18. Whitewater Course FY24
D'X' this box if a rebate agreement. List administrative details on lines above.
19. Hawkeye Environmental - Asbestos Survey
20.
El'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
6/17/2024
Total Amount:
38,485
10/2/2023 120,000
10/17/2022 78,060
2/5/2024 4,660
Total For City TIF Form 1.1 Page 4: 241,205
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 2
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 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)
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:
Certify the extimated max, less $1,322,775 of increment revenue.
Amount
Requested:
Dated this 26th day of November 2024
Quei/ L 1-tar DIGITALLY
SIGNED 319.291.4323
Signature of Authorized Official Telephone
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: Waterloo Downtown Urban Renewal
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:
IRD Reimbursment FY2024 $176,597
Fischels Holdings, LLC rebate reduction: $978
Twin Trees rebate reduction $2,083
Gaymond Shultz rebate reduction $1,746
QOZ 6 Comm, LLC rebate reduction $64,418
Makenda, LLC rebate reduction $19,968
Lincoln Savings Bank rebate reduction $21,148
Elizabeth Blake Rebate Reduction $3,878
JSA Development Properties Rebate Reduction $6,966
Hotel President, LLC rebate reduction $3,416
CV Real Estate, LLC rebate reduction $11,124
Amount
Reduced:
176,597
978
2,083
1,746
64,418
19,968
21,148
3,878
6,966
3,416
11,124
Total Reduction In Indebtedness For This Urban Renewal Area: 312,322
Dated this 26th day of November 2024
QuertEuz 914r-
SICNEU 319.291.4323
Signature of Authorized Official Telephone