HomeMy WebLinkAboutWaterloo San Marnan UR #8 (Expand) - 11.18.24Prepared by Aric Schroeder, City of Waterloo, 715 Mulberry Street, Waterloo, IA, 50703 319-291-4366
Return to preparer after recording.
AMENDMENT 8 TO
SAN MARNAN URBAN RENEWAL AND REDEVELOPMENT PLAN
RECITALS
A. On April 19, 1999, the City Council of the City of Waterloo, Iowa (the "City")
adopted Ordinance No. 4351 and on July 26, 1999 adopted Resolution No. 1999-
499, determining that certain areas located within the City are eligible and should
be designated as an urban renewal area under Iowa law, and approved and
adopted the San Marnan Urban Renewal and Redevelopment Plan of the City of
Waterloo Iowa (the "Plan")(Original area).
B. On December 13, 2004, the City Council adopted Ordinance 4748 and Resolution
No. 2004-835, in which it was agreed to amend the Plan by extending the property
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
1 area).
C. On September 14, 2009, the City Council adopted Ordinance 4956 and Resolution
No. 2009-912, in which it was agreed to amend the Plan by extending the property
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
2 area).
D. On December 18, 2017, the City Council adopted Ordinance 5431 and on
November 27, 2017, adopted Resolution No. 2017-964, in which it was agreed to
amend the Plan by removing property included therein, and one or more other
amendments have been made to the Plan to include additional urban renewal
projects or for other purposes (Amendment No. 3 area).
E. On December 18, 2017, the City Council adopted Ordinance 5432 and on
November 27, 2017, adopted Resolution No. 2017-965, in which it was agreed to
amend the Plan by extending the property included therein, and one or more other
amendments have been made to the Plan to include additional urban renewal
projects or for other purposes (Amendment No. 4 area).
F. On July 22, 2019, the City Council adopted Ordinance 5507A and on July 8, 2019,
adopted Resolution No. 2019-518, in which it was agreed to amend the Plan by
extending the property included therein, and one or more other amendments have
been made to the Plan to include additional urban renewal projects or for other
purposes (Amendment No.5 area).
G. On July 13, 2020, the City Council adopted Ordinance 5564 and Resolution No.
2020-522, in which it was agreed to amend the Plan by extending the property
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
6 area).
H. On , 2024, the City Council adopted Ordinance No. and
Resolution No. - , in which it was agreed to amend the Plan by reducing
the area included therein (Amendment No. 7 removal area).
I. The City desires to amend the Plan again to enlarge the area included therein and
to update related information in the Plan. Said amendment may be referred to as
Amendment No. 8 area.
AMENDMENT
NOW THEREFORE, the San Marnan Urban Renewal and Redevelopment Plan, as
previously amended, is hereby further amended as follows:
1. Attachments A, B, C and D to the Plan are hereby stricken in their entirety, and
the new Attachments A, B, C and D which are attached hereto are substituted in their place so
that the Plan shows the current legal description, map, current information about bonding
capacity, and project budgets.
2. The attachments listed below, each of which is attached hereto, are included in
this amendment to show compliance with procedural requirements under state law for adoption
of this amendment, but do not replace or supersede similar attachments to the original Plan or
any amendment thereto adopted prior to this amendment:
Attachment G (Planning, Programming & Zoning resolution)
Attachment H (notice of consultation)
Attachment J (resolution adopting this amendment)
Attachment K (ordinance adopting amended TIF district)
Attachment L (notice of public hearing)
3. Except as modified by this amendment, the Plan, as previously amended, shall
continue unmodified in full force and effect.
PASSED AND APPROVED this 18 day of November 2024.
ATTEST:
Kelley Fe(ch1e °'1GNED�" ^" Y
Kelley Felchle, City Clerk
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Quentin Hart, Mayor
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Attachment B
SAN MARNAN URBAN RENEWAL AND REDEVELOPMENT PLAN
URBAN RENEWAL AREA LEGAL DESCRIPTIONS
(note: references below to amendments are to amendments of urban renewal areas, a/k/a TIF
districts, made by ordinance, and not to amendments of an urban renewal plan — the numbering
system for urban renewal plans may vary from numbering applied to TIF district amendments)
Original TIF district area (1999) (Original TIF Subarea)
A part of the NW 1/4 of the NE 1/4, NE 1/4 of the NE 1/4 and the SW 1/4 of the NE 1/4 of Section 9-88-
13, Waterloo, Black Hawk County, Iowa, described as follows:
Commencing at the Northeast corner of the NW 1/4 of the NE 1/4 of said Section 9; thence S 00°26'14" E
along the East Line of the NW 1/4 of the NE 1/4 of said Section 9 a distance of 463.53 feet to the point of
beginning; thence S 89°03'48" E a distance of 110.02 feet; thence Northeasterly along a curve concave
Northwesterly having a radius of 82.72 feet and a long chord bearing N 64°43'56" E a distance of 75.66
feet to the Northerly R-O-W line of Tower Park Drive as platted in Tower Park, Waterloo, Black Hawk
County, Iowa; thence S 51 °28' 16" E along the Westerly end of said Tower Park Drive a distance of 60.00
feet; thence Southwesterly along a curve concave Northwesterly having a radius of 142.72 feet and a long
chord bearing S 64°43'57" W a distance of 130.55 feet; thence N 89°03'48" W a distance of 58.09 feet;
thence Southerly along a curve concave Southeasterly having a radius of 20.00 feet and a long chord
bearing S 45°14'59" W a distance of 31.90 feet; thence S 00°26'14" E a distance of 346.22 feet; thence N
89°34'11" W a distance of 30.00 feet to the East line of the NW 1/4 of the NE 1/4 of said Section 9;
thence S 00°26'14" E along the East line of the NW 1/4 of the NE 1/4 and the East line of the SW 1/4 of
the NE 1/4 of said Section 9 a distance of 470.00 feet to the Northerly R-O-W of U.S. Hwy. 20; thence N
89°34'11" W along said Northerly R-O-W a distance of 780.00 feet; thence N 00°26'14" W a distance of
530.00 feet; thence S 89°34'11" E a distance of 750.00 feet; thence N 00°26'14" W a distance of 367.24
feet; thence S 89°03'48" E a distance of 30.01 feet to the point of beginning, all in the City of Waterloo,
Black Hawk County, Iowa.
The East line of the NW 1/4 of the NE 1/4 of Section 9-88-13, Waterloo, Black Hawk County, Iowa is
assumed to bear S 00°26'14" E.
TIF district Amendment No. 1 area (2004) (TIF Amendment No. 1 Subarea) (as modified
by TIF district Amendment No. 3 (2017),-and as modified by TIF district Amendment No. 5
(2019), and as modified by TIF district Amendment No. 7 (2024))
Beginning at the intersection of the centerlines of W. 4th Street and West San Marnan Drive, thence
Easterly along the centerline of West San Marnan Drive to the point where the centerline of Johnathon
Street extended would intersect said centerline, thence South and Southeasterly along the extension of the
centerline and the centerline of Johnathon Street to the South line of Tower Park Drive, thence
Southwesterly along an arc following the Southerly line of Tower Park Drive to the Westerly line of Tract
A of Tower Park Addition, thence South 45°26' 14" East a distance of 173.84 feet, to a point on the
Southwesterly line of Lot 1 Tower Park Addition, thence following said line of Lot 1 57.3 feet along a 64
foot radius curve, thence South 45°26' 14" East 52 feet to the point of intersection of Lot 1 and Tract A,
thence South 54°48' 14" East to the most Southerly corner of Tract A, thence in a straight line to the most
Westerly corner of Lot 1 of Tower Park No. 2, thence East along the South line of said Lot 1 and an
extension thereof to the centerline of Kimball Avenue, thence South along the centerline of Kimball
Avenue to the centerline of U.S. Highway 20, thence Easterly along the centerline of U.S. Highway 20 to
its intersection with the East line of the West 3/4 of Section 10 Township 88 Range 13, thence South along
the East line of the West 3/4 of said Section 10 to the South line of said Section, thence West along the
South line of Section 10 Township 88 Range 13 to the Southwest corner of said Section, thence
continuing West along the South line of Section 9 Township 88 Range 13 to the Southwest corner of said
Section, thence West 466 feet along the South line of Section 8 Township 88 Range 13, thence North 466
feet, thence East 466 feet to the East line of said Section 8, thence North along the East line of said
Section to its intersection with the centerline of U.S. Highway 20, thence Westerly along said centerline
to its intersection with the centerline of West 4th Street, thence North along the centerline of West 4th
Street to the centerline of San Marnan Drive, said point being the point of beginning, except that part
described as follows:
A part of the NW 1/4 of the NE 1/4, NE 1/4 of the NE 1/4 and the SW 1/4 of the NE 1/4 of Section 9-88-
13, Waterloo, Black Hawk County, Iowa, described as follows:
Commencing at the Northeast corner of the NW 1/4 of the NE 1/4 of said Section 9; thence S 00°26'14" E
along the East Line of the NW 1/4 of the NE 1/4 of said Section 9 a distance of 463.53 feet to the point of
beginning; thence S 89°03'48" E a distance of 110.02 feet; thence Northeasterly along a curve concave
Northwesterly having a radius of 82.72 feet and a long chord bearing N 64°43'56" E a distance of 75.66
feet to the Northerly R-O-W line of Tower Park Drive as platted in Tower Park, Waterloo, Black Hawk
County, Iowa; thence S 51°28'16" E along the Westerly end of said Tower Park Drive a distance of 60.00
feet; thence Southwesterly along a curve concave Northwesterly having a radius of 142.72 feet and a long
chord bearing S 64°43'57" W a distance of 130.55 feet; thence N 89°03'48" W a distance of 58.09 feet;
thence Southerly along a curve concave Southeasterly having a radius of 20.00 feet and a long chord
bearing S 45°14'59" W a distance of 31.90 feet; thence S 00°26'14" E a distance of 346.22 feet; thence N
89°34'11" W a distance of 30.00 feet to the East line of the NW 1/4 of the NE 1/4 of said Section 9;
thence S 00°26'14" E along the East line of the NW 1/4 of the NE 1/4 and the East line of the SW 1/4 of
the NE 1/4 of said Section 9 a distance of 470.00 feet to the Northerly R-O-W of U.S. Hwy. 20; thence N
89°34'11" W along said Northerly R-O-W a distance of 780.00 feet; thence N 00°26'14" W a distance of
530.00 feet; thence S 89°34'11" E a distance of 750.00 feet; thence N 00°26'14" W a distance of 367.24
feet; thence S 89°03'48" E a distance of 30.01 feet to the point of beginning, all in the City of Waterloo,
Black Hawk County, Iowa.
The East line of the NW 1/4 of the NE 1/4 of Section 9-88-13, Waterloo, Black Hawk County, Iowa is
assumed to bear S 00°26'14" E.
Except the following 5 areas removed from the TIF district Amendment No. 1 area by TIF district
Amendment No. 3 (2017):
Area 1: That part of the above described TIF district Amendment No. 1 area located in Section 9 and
10 of T88 R13 lying Southerly of the centerline of US Highway 20.
Area 2: That part of the above described TIF district Amendment No. 1 area located in Section 8 of
T88 R13, but not excepting that part of said Section 8 described as Beginning at the intersection of
the East line of the NE 1/4 of said Section 8 and an Easterly extension of the South line of the parcel of
land described in Land Deed Book 543, Page 141, in the Black Hawk County Recorder's Office;
thence S89°40'05"W 49.00'; thence continuing S89°40'05"W 188.62'; thence S89°05'28"W to the
Easterly right-of-way line of Galactic Drive; thence Northerly along said Easterly right-of-way line
and an extension of said Easterly right-of-way line to the centerline of West San Marnan Drive;
thence Easterly along said centerline to a point that would intersect a Northerly extension of the East
line of said Section 8; thence Southerly along said Northerly extension and the East line of said
Section 8 to the Point of Beginning.
Area 3: That part of the above described TIF district Amendment No. 1 area described as Beginning
at the intersection of the centerline of West San Marnan Drive and the Northerly extension of the
West line of the Northeast 1/4 of the Northwest 1/4 of Section 9, T88 R13; thence Southerly along said
Northerly extension and said West line to the Northerly right-of-way line US Highway 20; thence
Easterly along said Northerly right-of-way line to the Southwest corner of Lot 1 of Tower
Technology Park Plat No. 1; thence Northerly along the Westerly line of said Lot 1 to the Northwest
corner of said Lot 1; thence Northerly along the Westerly most line of Tract A of Tower Technology
Park Plat No. 1 to the Northwest corner of said Tract A that is on said Westerly most line of said
Tract A; thence Easterly along the Northerly right-of-way line of Fisher Drive, as presently
established, to a point that is N89°34'50"W 50.00' from the Southwest corner of Lot 3 of Tower Park
No. 5; thence NO°26'00"W 310.66' to the Southerly right-of-way line of Tower Park Drive, as
presently established; thence Easterly along said Southerly right-of-way line to a point where a
Southerly extension of the West line of Lot 2 of Tower Park No. 5 would intersect; thence Northerly
along a Southerly extension of said West line, along said West line, and along a Northerly extension
of said West line to the centerline of West San Marnan Drive; thence Westerly along said centerline
to the point where a Northerly extension of the Easterly line of Lot 1 of Tower Park No. 6 would
intersect; thence Southerly along said Northerly extension and said Easterly line to the Southeast
corner of said Lot 1; thence Westerly along the South line of said Lot 1 to the Southwest corner of
said Lot 1; thence Northerly along the Easterly right-of-way line of Hurst Drive and a Northerly
extension of said Easterly right-of-way line to the centerline of West San Marnan Drive; thence
Westerly along said centerline of West San Marnan Drive to the Point of Beginning.
Area 4: That part of the above described TIF district Amendment No. 1 area described as: Lot 1,
Tract A, and Tract B of Tower Park No. 4.
Area 5: That part of the above described TIF district Amendment No. 1 area described as: Lot A and
Lot 3 except the East 21.99 feet of Lot 3 of Country Club Business Center Addition, and Lot 2 of
Country Club Business Center Second Addition, and Lot 3 of Country Club Business Center Third
Addition.
And except the following area removed from the TIF district Amendment No. 1 area by TIF district
Amendment No. 5 (2019): All that part of the above described TIF district Amendment No. 1 area that is
part of Lots 1 thru 24 of Sunnyside South Addition.
And except the following area removed from the TIF district Amendment No. 1 area by TIF district
Amendment No. 7 (2024): That part of the Northeast Quarter of Section 9, Township 88 North, Range 13
West of the 5th P.M., Black Hawk County, Iowa, lying Westerly of Johnathan Street and lying Northerly
of Tower Park Drive and lying Southerly of Parcel "G" of Plat of Survey Do. #2005-7650.
TIF district Amendment No. 2 area (2009) (TIF Amendment No. 2 Subarea)
A parcel of land in the Northwest Quarter (NW 1/4) of Section 10, Township 88 North, Range 13 West of
the 5th P.M., Black Hawk County, Iowa, described as follows:
Beginning at the intersection of the centerline of Kimball Avenue and the centerline of US Highway 20;
thence Easterly along the centerline of US Highway 20 to the intersection of said centerline and the
Southerly extension of the Western -most line of Lot 1, Anderson's Addition; thence Northerly along said
Western -most line of Lot 1, Anderson's Addition and the extension thereof, to the South line of Lot 1,
Anderson's 1st Addition; thence Westerly along the South line of Lot 1, Anderson's 1st Addition and the
South end of the Mirage Ridge right of way to the West right of way line of Mirage Ridge; thence North
along the West right of way line of Mirage Ridge to the South line of Lot 1, Anderson's Fifth Addition;
thence Westerly along the South line of Lot 1, Anderson's Fifth Addition and Lot 1, Anderson's Eighth
Addition and the Westerly extension thereof, to the centerline of Kimball Avenue; thence Southerly along
the centerline of Kimball Avenue to the centerline of US Highway 20 and the point of beginning, all in
the City of Waterloo, Black Hawk County, Iowa.
TIF district Amendment No. 4 area (2017) (TIF Amendment No. 4 Subarea) (as modified
by TIF district Amendment No. 7 (2024))
That part of the above described TIF district Amendment No. 1 area located in Section 9 and 10 of T88
R13 lying Southerly of the centerline of US Highway 20.
And,
That part of the above described TIF district Amendment No. 1 area located in Section 8 of T88 R13,
except that part of said Section 8 described as Beginning at the intersection of the East line of the NE 1/4 of
said Section 8 and an Easterly extension of the South line of the parcel of land described in Land Deed
Book 543, Page 141, in the Black Hawk County Recorder's Office; thence S89°40'05"W 49.00'; thence
continuing S89°40'05"W 188.62'; thence S89°05'28"W to the Easterly right-of-way line of Galactic
Drive; thence Northerly along said Easterly right-of-way line and an extension of said Easterly right-of-
way line to the centerline of West San Marnan Drive; thence Easterly along said centerline to a point that
would intersect a Northerly extension of the East line of said Section 8; thence Southerly along said
Northerly extension and the East line of said Section 8 to the Point of Beginning
And,
That part of the above described Amendment No. 1 area described as Beginning at the intersection of the
centerline of West San Marnan Drive and the Northerly extension of the West line of the Northeast 1/4 of
the Northwest 1/4 of Section 9, T88 R13; thence Southerly along said Northerly extension and said West
line to the Northerly right-of-way line US Highway 20; thence Easterly along said Northerly right-of-way
line to the Southwest corner of Lot 1 of Tower Technology Park Plat No. 1; thence Northerly along the
Westerly line of said Lot 1 to the Northwest comer of said Lot 1; thence Northerly along the Westerly
most line of Tract A of Tower Technology Park Plat No. 1 to the Northwest corner of said Tract A that is
on said Westerly most line of said Tract A; thence Easterly along the Northerly right-of-way line of
Fisher Drive, as presently established, to a point that is N89°34'50"W 50.00' from the Southwest comer
of Lot 3 of Tower Park No. 5; thence NO°26'00"W 310.66' to the Southerly right-of-way line of Tower
Park Drive, as presently established; thence Easterly along said Southerly right-of-way line to a point
where a Southerly extension of the West line of Lot 2 of Tower Park No. 5 would intersect; thence
Northerly along a Southerly extension of said West line, along said West line, and along a Northerly
extension of said West line to the centerline of West San Marnan Drive; thence Westerly along said
centerline to the point where a Northerly extension of the Easterly line of Lot 1 of Tower Park No. 6
would intersect; thence Southerly along said Northerly extension and said Easterly line to the Southeast
corner of said Lot 1; thence Westerly along the South line of said Lot 1 to the Southwest corner of said
Lot 1; thence Northerly along the Easterly right-of-way line of Hurst Drive and a Northerly extension of
said Easterly right-of-way line to the centerline of West San Marnan Drive; thence Westerly along said
centerline of West San Marnan Drive to the Point of Beginning.
And,
That part of the above described TIF district Amendment No. 1 area described as: Lot 1, Tract A, and
Tract B of Tower Park No. 4.
And,
That part of the above described TIF district Amendment No. 1 area described as: Lot A and Lot 3 except
the East 21.99 feet of Lot 3 of Country Club Business Center Addition, and Lot 2 of Country Club
Business Center Second Addition, and Lot 3 of Country Club Business Center Third Addition.
And,
That part of the Southeast 1/4 of the Northeast 1/4 of Section 10, T88 R13, lying Southerly of the centerline
of US Highway 20, except the North 422 feet of the South 678.5 feet of the East 218.4 feet of said
Southeast 1/4 of the Northeast 1/4, and except Parcel A, being part of the Northeast 1/4 of Section 10,
T88R13, pursuant to survey filed May 24, 2016 as Document No. 2016-019901, and except Tract B of
said Southeast 1/4 of the Northeast 1/4, recorded as Land Deed 539, Page 330 in the Black Hawk County
Recorder's Office.
Except the following area removed from the TIF district Amendment No. 4 area by TIF district
Amendment No. 7 (2024): Lot 8 of San Marnan Business Park First Addition.
TIF district Amendment No. 5 area (2019) (TIF Amendment No. 5 Subarea)
Beginning at the intersection of the centerlines of West San Marnan Drive and Johnathan Street, thence
Northerly along an extension of the centerline of Johnathan Street to the Northerly right-of-way line of
West San Marnan Drive as presently established, thence Easterly along the present Northerly right-of-way
line of West San Marnan Drive to the centerline of Pheasant Lane, thence Northerly along the centerline
of Pheasant Lane to the centerline of Brookeridge Drive, thence Easterly along the centerline of
Brookeridge Drive to the centerline of Kimball Avenue, thence Southerly along the centerline of Kimball
Avenue to its intersection with the Easterly extension of the North line of Lot 5 of Tower Park, thence
Westerly along the Easterly extension of the North line of Lot 5 and the North line of Lot 5 of Tower Park
to the Northwesterly corner of said Lot 5, thence Southwesterly along the Northwesterly line of said Lot 5
to the Southwesterly corner of Said Lot 5, thence Northwesterly, Westerly and Northerly along the
Southerly and Westerly lines of Lot 4 of Tower Park to the Northwest corner of said Lot 4, thence
Westerly to the Northeast corner of Lot 3 of Tower Park, thence NOO°24'22"W 6.98 feet along an
extension of the East line of said Lot 3, thence N89°38'05"W 401.08 feet, thence N00°56' 12"E 17.02
feet, thence N89°03'48"W 258.97 feet, thence SOO°26'14"W 20 feet to the Northwest corner of Lot 2 of
Tower Park, thence due West to the centerline of Johnathan Street, thence Northerly along the centerline
of Johnathan Street to its intersection with the centerline of West San Marnan Drive and the Point of
Beginning.
And,
Lot 1 of Anderson's Eighth Addition.
TIF district Amendment No. 6 area (2020) (TIF Amendment No. 6 Subarea)
Beginning at the Southwest corner of the Southeast 1/4 of the Southeast 1/4 of Section 10, T88N R13W;
thence North 33 feet to the Northerly right-of-way line of East Shaulis Road as presently established;
thence Easterly along said Northerly right-of-way line of East Shaulis Road to the West line of the
Southwest 1/4 of the Southeast 1/4 of Section 11, T88N R13W; thence Northerly along said West line to the
North line of said Southwest 1/4 of the Southeast 1/4; thence Easterly along said North line of said
Southwest 1/4 of the Southeast 1/4, and the North line of the Southeast 1/4 of the Southeast 1/4 of said Section
11, and an Easterly extension of the North line of said Southeast 1/4 of the Southeast 1/4 to the Easterly
right-of-way line of Hess Road as presently established in Section 12, T88N R13W; thence Southerly
along said Easterly right-of-way line of Hess Road to the Northerly right-of-way line of East Shaulis
Road as presently established; thence Westerly along said Northerly right-of-way line of East Shaulis
Road to the East line of Section 11, T88N R13W; thence Southerly along the East line of said Section 11
and the East line of Section 14, T88N R13W to the Southerly right-of-way line of East Shaulis Road as
presently established; thence Westerly along said Southerly right-of-way line of East Shaulis Road to the
West line of the Northeast 1/4 of the Northeast 1/4 of Section 15, T88N R13W; thence Northerly along said
West line to the Northwest corner of the Northeast 1/4 of the Northeast 1/4 of said Section 15, said point
also being the Southwest corner of the Southeast 1/4 of the Southeast 1/4 of Section 10, T88N R13W, and
the Point of Beginning.
And,
Beginning at the Southwest corner of Section 12, T88N R13W; thence North 55 feet to the Northerly
right-of-way line of East Shaulis Road as presently established; thence Easterly along said Northerly
right-of-way line of East Shaulis Road and an Easterly extension of said Northerly right-of-way line to the
East line of said Section 12; thence Southerly along the East line of said Section 12 and the East line of
Section 13, T88N R13W to a point on the East line of said Section 13 that is 600 feet South of the
Northeast corner of said Section 13; thence due West to the Southwesterly right-of-way line of East
Shaulis Road as presently established; thence Northwesterly along said Southwesterly right-of-way line
of East Shaulis Road to the West line of the Northeast 1/4 of the Northeast 1/4 of said Section 13; thence
Southerly along said West line and the West line of the Southeast 1/4 of the Northeast 1/4 of said Section 13
to the South line of the Northeast 1/4 of said Section 13; thence West along said South line and the South
line of the Northwest 1/4 of said Section 13 to the West line of said Section 13; thence North along the
West line of said Section 13 to the Northwest corner of said Section 13, said point also being the
Southwest corner of Section 12, T88N R13W, and the Point of Beginning
TIF district Amendment No. 8 area (2024) (TIF Amendment No. 8 Subarea)
Lot 8 of San Marnan Business Park First Addition.
And,
That part of the Northeast Quarter of Section 9, Township 88 North, Range 13 West of the 5th P.M.
Black Hawk County, Iowa, lying Westerly of Johnathan Street and lying Northerly of Tower Park Drive
and lying Southerly of Parcel "G" of Plat of Survey Do. #2005-7650.
Attachment C
City of Waterloo
Black Hawk County, Iowa
Study of Bonding Capacity as of January 1, 2023
January 1, 2023 Actual Gross Assessed Valuation $5,379,355,874
Legal Bonding Rate 5%
Legal Bonding Limit $ 268,967,794
Less Outstanding G.O. & Other Debt ($ 136,127,751)
Unused Gross bonding Capacity $ 132,840,043
50.61 % of legal limit
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Project Proposals
ATTACHMENT D
San Marnan Amendment 8 (2024)
Proposed Budgets Changes
Future or Anticipated Acquisition
Acquisition
$22,000,000
Future or Anticipated Demolition
Demolition
$3,000,000
Site Improvements, Platting
Site Improvements, Platting
$2,000,000
Sanitary/Storm Sewer, Water, Road, RISE match
Utility/ Infrastructure expansion
$12,000,000
Legal Fees, Consulting fees, and related expenses
associated with administration and operation of the
General Administrative Fees
$1,300,000
Urban Renewal Area
Total
$1,300,000
Miscellaneous (certification, environmental)
Misc. Expenses
$500,000
Total
$500,000
Office building (Country Club Addition)
Grant
$20,000
Rebates
$500,000
Total
$520,000
Evaluation of traffic patterns throughout area
Construction
$1,200,000
Traffic Study
$400,000
Right-of-way acquisition
$100,000
Total
$1,700,000
Reconstruction of Shaulis Road and Shaulis
Acquisition
$600,000
Road/Dysart Road/Hwy 218 intersection
City Property
$200,000
Construction
$8,250,000
Landscaping, Enhancements, Trail
$100,000
Engineering Fees
$750,000
Construction Administration
$100,000
Total
$10,000,000
Flood Plain Mapping
Engineering Fees
$400,000
Total
$400,000
Lost World Theme Park
Grant
$14,000,000
Rebates
$3,700,000
Total
$17,700,000
VGM
Grant
$700,000
Rebates
$2,100,000
Total
$2,800,000
OPUS - South Waterloo Business Park Buildout
Infrastructre
$8,000,000
Land Acquisition
$4,000,000
Engineering/Design
$2,000,000
Total
$14,000,000
$0
$0
Sub Total
$87,920,000
$0
$0
$0
$0
$73,920,000
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Tax Rebate Projects
WW Grainger Rebates
$1,200,000
JJB Fin. Res. Adv. Tax Rebates
$222,932
Cardinal 10,000 sq.ft. (Vets) Tax Rebates
$468,866
Cardinal Medical PHP Tax Rebates
$240,000
Hope Martin Anderson Tax Rebates
$120,000
MFG LLC Tax Rebates
$282,838
MBAK Kimball Beecher Tax Rebates
$336,278
Borgardt Tax Rebates
$400,000
Taylor Tax Rebates
$450,000
Green Acres Tax Rebates
$504,000
Vandersee Tax Rebates - Rehab
$80,000
Vandersee Tax Rebates - new construction
$80,000
JSLK Holdings LLC (4031 Bankers Blvd)
$456,000
Locke Funderal Home
$120,000
SKH Properties (Huff)(Jonathan St)
$126,500
Deery Infrastructure Repayment
$2,020,040
Jake's Fireworks
$47,000
Sub Total Tax Rebates
$7,154,454
TOTAL
$95,074,454
$400,000
$7,098,454
$81,018,454