HomeMy WebLinkAboutWaterloo East Waterloo Unified TIF 07045 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: East Waterloo Unified TIF
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*: $ 21,673,698
*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 $307,398.00 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 $31,429,496.53.
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 26th day of November , 2024
Ottertail' th Ila%l omITALL5
SIGNED 319.291.4323
Signature of Authorized Official Telephone
CITY TIF FORM 1.1 - I o be attached to CI I Y III- I-UKM 1 - INUEI3 I EUNESS CtI III-ICA I IUN Page 1
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
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)
Individual TIF Indebtedness Type/Description/Details:
1. Administrative Expenses FY24
D'X' this box if a rebate agreement. List administrative details on lines above.
2. Salaries FY24
El'X' this box if a rebate agreement. List administrative details on lines above.
3. North Crossing Platting and Design FY24
this box if a rebate agreement. List administrative details on lines above.
4. Chamberlain Expenses FY24
El'X' this box if a rebate agreement. List administrative details on lines above.
5. Demolition Activities FY24
Date Approved*:
6/17/2024
Total Amount:
21,651
3/25/2021 58,065
06/06/2020 23,642
08/07/2023 64,275
6/17/2024 40,450
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.
208,083
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
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)
Individual TIF Indebtedness Type/Description/Details:
6. Waterloo Business Park Stage 1
D'X' this box if a rebate agreement. List administrative details on lines above.
7. Leversee Road Lift Station FY24
El'X' this box if a rebate agreement. List administrative details on lines above.
8. Hyper Drive Rise FY24
this box if a rebate agreement. List administrative details on lines above.
9. Backbone Construction for EDA Grant
El'X' this box if a rebate agreement. List administrative details on lines above.
10. Grow Cedar Valley FY24
Date Approved*:
01 / 17/2023
Total Amount:
1,725
12/28/2020 51,477
9/02/2021 71,058
6/29/2023 240,365
7/03/2023 76,208
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.
440,833
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
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)
Individual TIF Indebtedness Type/Description/Details:
11. Infrastructure Dev North Crossing DA FY24
D'X' this box if a rebate agreement. List administrative details on lines above.
12. Byrnes & Gates Park Transformation FY24
El'X' this box if a rebate agreement. List administrative details on lines above.
13. Construction Projects FY24
D'X' this box if a rebate agreement. List administrative details on lines above.
14. North Crossing Estimate rebate increase of $17192
E'X this box if a rebate agreement. List administrative details on lines above.
15. GBG LLC rebate increase of 6,904
Date Approved*:
5/15/2023
Total Amount:
14,851,485
6/17/2024 5,500,000
8/07/2023 34,265
1/25/2016 17,192
11/05/2018 6,904
E'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.
20,409,846
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
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)
Individual TIF Indebtedness Type/Description/Details:
16. ConAgra Phase II and III rebate increase of 11,946
Q'X' this box if a rebate agreement. List administrative details on lines above.
17. Cedar Valley Warehouse II rebate increase of 23,076
Q'X' this box if a rebate agreement. List administrative details on lines above.
18. Koelker Properties LLC rebate increase of 3848
Q'X' this box if a rebate agreement. List administrative details on lines above.
19. MidAmerican Projects - Waterloo Air and Rail Park 4th Addition
Gas Main Extension: $148,640
Electrical Services: $358,857
Street Light Installation: $40,011
El'X' this box if a rebate agreement. List administrative details on lines above.
20. WBM, LLC
5 years @ 50% Rebates
Q'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
07/07/2008
Total Amount:
11,946
9/04/2012 23,076
5/06/2019 3,848
11/18/2024 547,508
12/19/2022 28,558
Total For City TIF Form 1.1 Page 4: 614,936
* "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
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)
Individual TIF Indebtedness Type/Description/Details:
21. Superior Properties, LLC
22
23.
24.
25.
Years 1-8 @ 75% rebates
Years 9-10 @ 70% rebates
E'X' this box if a rebate agreement. List administrative details on lines above.
E'X' this box if a rebate agreement. List administrative details on lines above.
E'X' this box if a rebate agreement. List administrative details on lines above.
E'X' this box if a rebate agreement. List administrative details on lines above.
E'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
6/20/2022
Total Amount:
14,086
Total For City TIF Form 1.1 Page 4: 14,086
* "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: East Waterloo Unified TIF
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 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:
Amount
Requested:
Dated this 26th day of November 2024
/ DIGITALLY
Ottertail' J UAL sib 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: East Waterloo Unified TIF
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:
KWWL Television Tax Rebate Estimate Adjustment: Decrease of $16405
Hartel Proeprties tax rebate estimate adjustment: Decrease of $4346
Paramount Investments tax rebate estimate decrease of $4188
Avita Expansion tax rebate estimate decrease of $6317
Hydrite Chemical tax rebate estimate decrease of $20239
A -Line ALO tax rebate estimate decrease of 4036
Prosper Farm Network tax rebate estimate decrease of 16672
Professional Lawn Car tax rebate estimate decrease of $13497
ARC Fedex tax rebate estimate decrease of $10003.84
Dahlstrom Development tax rebate estimate decrease of 186726
Standard Distribution tax rebate estimate decrease of 24966
Amount
Reduced:
16,405
4,346
4,188
6,317
20,239
4,036
16,672
13,497
10,004
186,728
24,966
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: East Waterloo Unified TIF
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:
Total Reduction In Indebtedness For This Urban Renewal Area:
Dated this 26th day of
Qae,thrc Sri
November
Amount
Reduced:
307,398
2024
io
SIGNED319-291-4323
Signature of Authorized Official Telephone