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HomeMy WebLinkAbout2013-995-11/25/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2013-995 RESOLUTION AUTHORIZING CERTIFICATION TO THE COUNTY AUDITOR THE CITY'S EXPENDITURES THAT QUALIFY FOR REIMBURSEMENT FROM THE TAX INCREMENT FUND IN THE DOWNTOWN WATERLOO URBAN RENEWAL AND REDEVELOPMENT TAX INCREMENT DISTRICT. WHEREAS, the Code of Iowa allows the City to collect taxes within a certain geographical district to be deposited in a "Tax Increment Financing Fund", and WHEREAS, certification of the City's expenditures within said district must be made to the County Auditor on a yearly basis. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the City Clerk be instructed to certify to the County Auditor all expenditures of the City that qualify for reimbursement from the Tax Increment Fund in the Downtown Waterloo Urban Renewal and Redevelopment Tax Increment District, as indicated in attached Exhibit "A" and Exhibit "B", be and the same are hereby approved. PASSED AND ADOPTED this 25th day of November, 2013. Y' Ernest G. Clark, Mayor ATTEST: Suzy Sch res, CMC City Clerk Exhibit "A" Cumulative as of June 30, 2013 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) NO DATE OF ISSUANCE OR EXPENDITURE SOURCE DESCRIPTION OF INDEBTEDNESS CUMULATIVE AMOUNT AMOUNT INCURRED 147 W. Park Ave. Paving Contract $273,409.61 Advance $273,409.61 91 Bridge Canopy Contract $573,433.57 Advance $846,843.18 152 Fourth Street Paving Contract $323,983.56 Advance $1,170,826.7 28 Bridge Lighting Contract $14,396.40 Advance $1,185,223.1 Phase I Study Contract $15,000.00 Advance $1,200,223.1 Phase II Study Contract $152,553.00 Advance $1,352,776.1 613 Water Acquisition Contract $72,500.00 Advance $1,425,276.1 UDAG #17/17/80 Principal $1,001,627.00 G.O. Bonds $2,426,903.1 Interest $428,749.00 G.O. Bonds $2,855,652.1 Phase III Stud 12/20/80 Contract $111,000.00 Advance $2,966,652.1 UDAG #2 7/6/81 Principal $774,990.00 G.O. Bonds $3,741,642.1 Interest $422,256.23 G.O. Bonds $4,163,898.3 West Side Parking Ramp 7/15/82 Principal $4,725,000.00 G.O. Bonds $8,888,898.3 Interest $4,779,262.50 G.O. Bonds $13,668,160.8 East Side Parking Ramp 8/1/83 Principal $1,500,000.00 G.O. Bonds $15,168,160.8 Interest $1,073,981.25 G.O. Bonds $16,242,142.1 East Side Parking Facility 8/1/84 Principal $350,000.00 G.O. Bonds $16,592,142.1 Interest $325,777.00 G.O. Bonds $16,917,919.1 Conway Plaza Skywalk 8/1/84 Principal $100,000.00 G.O. Bonds $17,017,919.1 Interest $93,079.00 G.O. Bonds $17,110,998.1 East Fifth St. Parking Ramp 5/85 Principal $50,000.00 G.O. Bonds $17,160,998.1 Interest $46,539.50 G.O. Bonds $17,207,537.6 Tax Redeemed Properties 5/85 Contract $5,004.49 Advance $17,212,542.11 Skywalk Feasibility Stud 8/85 Contract $25,000.00 Advance $17,237,542.11 317 E. 4th Longfellow Property 12/85 Contract $12,000.00 Advance $17,249,542.11 East Fifth Parking Ramp 5/86 Principal $50,000.00 G.O. Bonds $17,299,542.11 Interest $37,051.09 G.O. Bonds $17,336,593.20 Ellis Hotel Demolition 8/86 Contract $15,000.00 Advance $17,351,593.20 Ellis Hotel Demolition 8/86 Contract $27,500.00 WIDA Advance $17,379,093.20 Paving 6/87 400 Blk E. 4th St. 500 Blk Lafa ette Principal $360,000.00 G.O. Bonds $17,739,093.2 Interest $233,134.09 G.O. Bonds $17,972,227.2 East Fifth Parking Ramp 6/87 Principal $100,000.00 G.O. Bonds $18,072,227.2 Interest $64,759.47 G.O. Bonds $18,136,986.7 Conway Plaza Phase I Skywalk Refinancing 6/87 Principal $100,000.00 G.O. Bonds $18,236,986.7 Interest $64,759.47 G.O. Bonds $18,301,746.2 4th St. Bridge Covered Walkway 6/88 Contract $127,000.00 Advance $18,428,746.2 Conway Plaza Skywalk 7/88 & 7/89 Loan $132,625.00 Advance $18,561,371.2 Park Avenue Parking Ramp Expansion Principal $2,000,000.00 G.O. Bonds $20,561,371.2 Interest $1,092,565.97 G.O. Bonds $21,653,937.2 Property acquisition for Waterloo Industries 5/98 Principal $37,055.17 1996 GO Bonds $21,690,992.3 Interest $19,020.08 1996 GO Bonds $21,710,012.45 Acquisition 5/98 Principal $37,944.8311997 GO Bonds $21,747,957.28 Page 1 of 8 Exhibit "A" Cumulative as of June 30, 2013 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Interest $18,369.06 1997 GO Bonds $21,766,326.3 Interest on Advance FY 98-00 TIF $68,160.00 Interest $21,834,486.3 Acquisition & Demo FY 98-00 TIF $116,002.25 Contracts $21,950,488.5 Acquisitions & Demo FY 98-00 Financing Principal $647,654.75 1999 GO Bonds $22,598,143.3 Interest $421,307.99 1999 GO Bonds $23,019,451.33 Acquisitions & Demo FY 00 Financing Principal $80,602.57 2000 GO Bonds $23,100,053.90 Interest $42,108.59 2000 GO Bonds $23,142,162.4 Parking Ramp Reconstruction FY 99-00 Financing Principal $150,000.00 1998 GO Bonds $23,292,162.4 Interest $69,826.77 1998 GO Bonds $23,361,989.26 Johnson Rebate # 1 & 2 5 yrs @ 10%_ 8 yrs @ 100% - 000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Principal _ $20,934.30 $21,381.91 $34,795.88 $35,043.46 $37,174.38 $21,086.46 $22,056.54 $13,472.74 $13,871.48 $17,815.56 TIF Rebate $23,382,923.56 $23,404,305.4 $23,439,101.35 $23,474,144.81 $23,511,319.19 $23,532,405.6 $23,554,462.1 $23,567,934.9 $23,581,806.41 $23,599,621.97 GSW Rebate 5 yrs. @ 100% 2001 2002 2003 2004 2005 Principal $9,747.24 $10,982.28 $10,780.79 _$11,732.94 $7,037.40 TIF Rebate $23,609,369.21 $23,620,351.4 $23,631,132.28 $23,642,865.2 $23,649,902.6 Hollen Rebate 5 yrs. @ 100% 2001 2002 2003 2004 2005 Principal $2,388.33 $2,954.68 $2,960.08 $3,156.64 $3,881.06 TIF Rebate $23,652,290.9 $23,655,245.6 $23,658,205.71 $23,661,362.3 $23,665,243.41 Ritter Rebate 10 yrs @ 100% or until $20-910 is -pd 2001 2002 2003 2004 —_— — — 2005 2006 2007 2008 Principal —_ _— _— $2,660.86 $2,837.28 $2,873.50 $3,031.20 —_ - $3,539.38 $3,647.56 $2,089.29 $230.93 TIF Rebate $23,667,904.2 $23,670,741.55 $23,673,615.05 $23,676,646.2 $23,680,185.63 $23,683,833.1 $23,685,922.4 $23,686,153.41 Lown Rebate #1 5 yrs @ 100% 2001 2002 2003 2004 2005 Principal $1,417.98 $1,694.74 $722.85 $1,005.92 $2,982.84 TIF Rebate $23,687,571.3 $23,689,266.1 $23,689,988.9 $23,690,994.9 $23,693,977. Lown Rebate #2 5 yrs @ 100% 2001 Principal —$495.421 TIF Rebate $23,694,473.16 Page 2 of 8 Exhibit Cumulative as of June 30, 2013 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) 2002 2003 2004 2005 $565.50 $540.89 $604.16 $946.84 $23,695,038.6 $23,695,579.55 $23,696,183.71 $23 697130.55 Roberts Rebate -5 yrs @ 100% 2002? 2003? 2004? — -- — ---- 2005? 2006? Principal — — $0 _ _ TIF Rebate $23,697,130.55 $23,697,130.5 $23,697,130.55 $23,697,130.55 $23,697,130.55 Marsh Place Rebate 10 yrs 85% 2003 85%2004 85%_2005 85%2006 85% 2007 85% 2008 85% 2009 75% 2010 60% 2011 45% 2012 Principal $11,693.83 $12,668.38 $8,193.78 $6,771.88 $6,777.58 $6,855_68 $6,743.00 — $5,886.26 $4,716.00 $3,504.00 TIF Rebate $23,708,824.3 $23,721,492.76 $23,729,686.5 $23,736,458.4 $23,743,236.00 $23,750,091.68 $23,756,834.6 $23,762,720.9 $23,767,436.9 $23,770,940.9 Garthoff Rebate 5 yrs @ 100% 2003 — — — — - — — 2004 -- 2005 -- —- _ 2006 — — --- - 2007 Principal $0 _ TIF Rebate $23,770,940.9 $23,770,940.9_ $23,770,940.9 $23,770,940.94 $23,770,940.94 Ament Rebate 5 yrs @ 100% 2002 2003 — _ — — — -- 2004 2005 2006 Principal $1,601.89 $1,585.43 $1,711.38 $2,332.32 $2,424.79 TIF Rebate $23,772,542.83 $23,774,128.2 $23,775,839.6 $23,778,171.9 $23,780,596. MIK Rebate 5 yrs @ 100 % 2002 2003 2004 2005 2006 Principal $6,516.00 $6,278.34 $6,684.60 $8,239.50 $8,540.82 TIF Rebate $23,787,112.75 $23,793,391.09 $23,800,075.6 $23,808,315.1 $23,816,856.01 Micou Rebate 100% 2006 100% 2007 100% 2008 100% 2009 loo /° 2010 Principal $595.15 $2,135.84 $2,174.48 $2,550.41 $2,528.00 TIF Rebate $23,816,856.01 $23,817,451.1 $23,819,587.0 $23,821,761.4 $23,824,311.89 $23,826,839.89 Cedar Skyline Rebate Gilmor & Doyle 100%* 2003-2006 2007 Principal Princi al $49,742.55 $151292.97 $16127.59 TIF Rebate $23,826,839.8 $23,876,582.44 Gilmor & Doyle 100%* 2007 $23,891,875.41 Gilmor & Doyle 2008 Principal $23,908,00100 ndau Rebate 10 yrs @ 100% r2003 Principal $13,646.601 TIF Rebate $23 921 649.60 Page 3 of 8 Exhibit "A" Cumulative as of June 30, 2013 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) 2004 2005 2006 2007 2008 2009 2010 2011 2012 $14,427.14 $17,025.24 $17,615.74 $20,435.62 $20,610.38 $22,243.62 $21,986.00 $22,016.00 $21,812.00 $23,936,076.74 $23,953,101.98 $23,970,717.7 $23,991,153.34 $24,011,763.7 $24,034,007.3 $24,055,993.3 $24,078,009.34 $24,099,821.3 Orr Haffa Rebate 7 yrs @ 100% USA) 2009 2010 2011 2012 2013 *2014 Principal $7,824.63 $8,612.00 $8,516.00 $8,528.00 $8,450.00 $14,156.00 $13,226.00 TIF Rebate $24,107,645.97 $24,116,257.97 $24,124,773.97 $24,133,301.9 $24,141,751.9 $24,155,907.9 $24169133.9 life Rebate 8 yrs @ 100% 2008 2009 2010 2011 - - - -- -- ---- -- ---- 2012 2013 *2014 2015 Principal - --------- $6,808.06 -$6,291.58 $6,200.00 $6,210.00 $6,152_00 $8,332.00 $7,784.00 $7,784.00 TIF Rebate $24,175,942.0 $24,182,233.61 $24,188,433.61 $24,194,643.61 $24,200,795.61 $24,209,127.6 $24,216,911.61 $24,224,695.61 Courier Rebate 10 yrs @ 100% 2008 ------- - 2009 2010 2011 2012 2013 2014* 2015• 2016 2012 Principal _ _ - _ _ $6,7_40.10 $9,584.16 $9,446.00 $9,460.00 $9,372.00 $13,090.00 $12,228.00 $12,228.00 $12,228.00 $12,228.00 TIF Rebate $24,231,435.7 $24,241,019.87 $24,250,465.8 $24,259,925.8 $24,269,297.8 $24,282,387.8 $24,294,615.87 $24,306,843.8 $24,319,071.8 $24,331,299.87 NCN Ltd.Rebate 7 yrs @ 100% 2008 2009 -- 2010 - - - - -- 01 2011 -------- --- ---- ----- - 2012 - -------------------- 2013 2014" 2015' Principal _ _ _ _ $0.00 $26,230.70 ---------- $23,408.00 $28,218.00 $34,291.00 $40,653.00 $31,734.00$24,515,834.5 - ----- -- ---- $23,006.00 TIF Rebate $24,331,299.8 $24,357,530.57 $24,380,938.5 $24,409,156.57 $24,443,447.57 $24,484,100.5 $24,538,840.57 ollen II Rebate 5 yrs. @ 100%— — 2007 2008 2009 2010 2011 Principal $1,793.46 $1,855.44 $2,470.00 $2,456.00 —$-2,4-56—.00- TIF Rebate $24,540,634.0 $24,542,489.4 $24,544,959.4 $24,547,415.4 $24,549,871.4 CN Bank -3rd Floor 10 yrs. 100% 2009 Principal T-$16,126.00 TIF Rebate $24,565; 997.,1 Page 4 of 8 Exhibit "A" Cumulative as of June 30, 2013 Project Designation: Downtown_ Waterloo Urban Renewal and Redevelopment Program -------- ---- ---------------------- Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) 2010 2011 2012 2013 2014* 2015* 2016* 2017* 2018* $16,062.00 $16,084.00 $15,934.00 $15,922.00 $14,876.00 $14,876.00 $14,876.00 $14,876.00 $14,876.00 $24,582,059.4 $24,598,143.4 $24,614,077.4 $24,629,999.47 $24,644,875.4 $24,659,751.4 $24,674,627.4 $24,689,503.4 $24,704,379.4 SA Development 5 yrs. Q 100% 2009 2010 ------------------- 2011 2012 -.-------------------- 2013 Principal__ __ $6,146.00 -----$3,044.00 $9,140.00 $13,4_26.0_0 $9,766.00 TIF Rebate $24,704,379.47 $24,710,525.47 $24,713,569.4 $24,722,709.4 $24,736,135.47 $24,745,901A Jackie Rosic 5 yrs. @ 100% ------------------- 2009 --- 2010 201_1 --------------- _- - 2012 ---------------- 2013 Principal $4,149.00 ----------- $4,166.00 $4,1_72._00 $4,132.00 $7,120.00 TIF Rebate $24,745,901.4 $24,750,050.4 $24,754,216.47 $24,758,388.4 $24,762,520.4 $24769640.4 Dolly James, LLC 10yrs. @ 100% 2015* 2016* _ _ ___ 2017* ---------_ _-----_ 2018* 2019* 2020* 2021* 2023* 2024* Principal TIF Rebate $24,769,640A7 $64,968.05 $24,834,608.47 968.00 $24,899,576.4 $64,968.00 $24,964,544.4 $25,029,512.4 .$64,968.00 $64,968.00 $25,094,480.47 $64,968.00 $25,159,448.4 $64,968.00 $25,224,416.4 .$64,968.00 $25 289 384.4 $64,968.00 $25,354,352.47 $64,968.00 $25,419,320.47 ischels Holdings, LLC 10yrs. @ 60% - ----------- - - 2016* 2017* - ---------------- 2018* 2019* ------------------- -- - 2020* - --- -- --- —---------- 2021* -- -- ------------------- 2022* ------------------ 2024_* 2025 Principal $25,419,320.47 $3,522.00 $25,422,842.47 $3,522.00 $25,426,364.47 $3,522.00 25 429 886.4 522.00 $25,433,408.4 3 522.001 1 $25,436,930.4 $3,522.00 $25,440,452.47 522.00 $25,443,974.47 $3,522.00 $25,447,496.4 $3,522.00 3 522.00 $25,454,540.47 Downtown Redevelopment 6/01 Principal $307,500.00 2001 GO Bonds $25,762,040.4 Interest $145,177.00 2001 GO Bonds $25,907,217.4 SSMID Taxes Principal $66,512.46 Contract $25,973,729.9 Downtown St. RISE Match Fund 413 Principal $150,000.00 2003 GO Bonds $26,123,729.93 Interest $32,912.00 2003 GO Bonds $26,156,641.93 US 63 Study Fund 411 Principal $50,000.00 2001 GO Bonds $26,206,641.93 Interest $23,446.50 2001 GO Bonds $26,230,088.43 Windows on Waterloo V Fund 412 Principal $11,002.00 2002 GO Bonds $26,241,090.43 Interest $7,674.00 2002 GO Bonds $26,248,764.43 Downtown Redevelopment Principal $200,000.00 2003 GO Bonds $26,448,764.43 Page 5 of 8 Exhibit "A" Cu_m_ul_ativ_e as of June 30, 2013 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program ------------------ ---------------- Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Fund 413 Interest $47,888.00 2003 GO Bonds $26,496,652.43 Downtown Redevelopment Fund 413 Principal $55,358.07 2003 GO Bonds $26,552,010.50 Interest $14,490.00 2003 GO Bonds $26,566,500.5 Downtown Redevelopment Fund 413 Principal $78,114.59 2003 GO Bonds $26,644,615.0 Interest $18,707.00 2003 GO Bonds $26,663,322.0 Downtown Street Lighting Fund 414 Principal $40,000.00 2004 GO Bonds $26,703,322.0 Interest $13,450.00 2004 GO Bonds $26,716,772.0 Main Street 2004 Principal $30,000.00 Contract $26,746,772.0 SMID 2003 Principal $56,641.16 Contract $26,803,413.25 SSMID 2004 Principal $896.59 Contract $26,804,309.8 Main Street 2005 Principal $30,000.00 Contract $26,834,309.8 Downtown Acquisition Fund 414 taxable Principal $140,000.00 2004 GO Bonds $26,974,309.8 Interest $71,380.00 2004 GO Bonds $27,045,689.8 Vandewalle Contract Fund 414 Principal $60,000.00 2004 GO Bonds $27,105,689.8 Interest $23,225.36 2004 GO Bonds $27,128,915.20 Downtown Redevelopment Fund 414 Principal $215,000.00 2004 GO Bonds $27,343,915.2 Interest $80,212.62 2004 GO Bonds $27,424,127.8 Downtown Street Lighting Fund 414 Principal $10,000.00 2004 GO Bonds $27,434,127.8 Interest $3,965.36 2004 GO Bonds $27,438,093.1 Main Street 2006 Principal $30,000.00 Contract $27,468,093.18 Downtown Acquisition Fund 414 Principal $150,000.00 2004 GO Bonds $27,618,093.18 Interest $53,362.50 2004 GO Bonds $27,671,455.68 Downtown Acquisition Fund 415 Principal $850,000.00 2005 GO Bonds $28,521,455.68 Interest $282,397.50 2005 GO Bonds $28,803,853.18 Downtown Dev Fund 406 tax exempt Principal $100,000.00 2006 GO Bonds $28,903,853.18 Interest $40,915.00 2006 GO Bonds $28,944,768.1 WDC Properties I Acquisition Conilact Principal $240,000.00 Advance $29,184,768.18 Interest $24,330.00 Advance $29,209,098.1 Downtown Dev. Fund 406 tax Pxpmnt Principal $500,000.00 2006 GO Bonds $29,709,098.18 Interest $194,662.60 2006 GO Bonds $29,903,760.78 Downtown Property Acq. Principal $546,079.28 Advance $30,449,840.06 Main Street 2007 Principal $30,000.00 Contract $30,479,840.06 Main Street 2008 Principal $30,000.00 Contract $30,509,840.06 Main Street 2009 Principal $30,000.00 Contract $30,539,840.06 Main Street 2010 Principal $40,000.00 Contract $30,579,840.06 Main Street 2011 Principal $40,000.00 Contract $30,619,840.0 Main Street 2012 Principal $40,000.00 contract $30,659,840.06 Main Street 2013 Principal $40,000.00 contract $30,699,840.06 1998 GO Bonds Refinanced - Deduct Old Debt Service Principal ($87,000.00) 1998 GO Bonds $30,612,840.06 Interest ($14,231.00) 1998 GO Bonds $30,598,609.06 1998 GO Bonds Refinanced - Add New Debt Service Principal Interest $87,600.00 2007 GO Bonds $12,654.00 $30,686,209.06 $30,698,863.06 1999 GO Bonds Refinanced - Deduct Old Debt Service Principal ($287,327.00) 1999 GO Bonds $30,411,536.06 Interest ($103,658.00) 1999 GO Bonds $30,307,878.06 1999 GO Bonds Refinanced - Add New Debt Service Principal Interest $289,301.00 2007 GO Bonds $80,969.00 $30,597,179.0 $30,678,148.0 Fund 407 Pump Station Principal Interest $1,050,000.00 2007 GO Bonds 1 $379,495.001 $31,728,148.06 $32,107,643.06 Fund 407 Parking Ramp Principal 1 $700,000.0012007 GO Bonds $32,807,643.06 Page 6 of 8 Exhibit "A" Cumulative as of June 30, 2013 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Interest $257,645.00 $33,065,288.06 Fund 407 Property Acq. Tax exempt Principal $200,000.00 2007 GO Bonds $33,265,288.06 Interest $74,550.00 $33,339,838.06 Fund 407 Property Acq. Taxable Principal $200,000.00 2007 GO Bonds $33,539,838.06 Interest $71,112.50 $33,610,950.56 Fund 407 Development Plan Principal $100,000.00 2007 GO Bonds $33,710,950.56 Interest $39,250.00 $33,750,200.5 Fund 408 Development Plan Tax Exempt Principal $100,000.00 2008 GO Bonds $33,850,200.56 Interest $34,332.50 $33,884,533.06 Fund 408 Property Acq. Tax Exempt Principal $150,000.00 2008 GO Bonds $34,034,533.06 Interest $45,655.00 $34,080,188.06 Fund 408 Public Market Taxable Principal $585,000.00 2008 GO Bonds $34,665,188.06 Interest $172,750.00 $34,837,938.06 Fund 408 Parking Ramp Taxable Principal $1,400,000.00 2008 GO Bonds $36,237,938.0 Interest $407,250.00 $36,645,188.0 E. 4th Street Streetscape Project Principal $9,200.00 Advance $36,654,388.06 E 4th Street Improvements Principal $420,029.47 Advance $37,074,417.53 E 4th Street Principal $21,961.18 Advance $37,096,378.71 2009 Downtown Parking Garages - Exempt Principal $700,000.00 2009 GO Bonds $37,796,378.71 Interest $209,558.86 $38,005,937.5 2009 Downtown Development Plan - Exempt Principal $100,000.00 2009 GO Bonds $38,105,937.5 Interest $31,156.89 $38,137,094.46 2009 Downtown Acquisitions - Exempt Principal $250,000.00 2009 GO Bonds $38,387,094.4 Interest $71,649.06 $38,458,743.5 2009 Downtown Acquisitions - Taxable Principal $300,000.00 2009 GO Bonds $38,758,743.5 Interest $81,214.30 $38,839,957.8 Fund 410 Downtown Development Plan - Taxable Principal $60,000.00 2010 GO Bonds $38,899,957.8 Interest $10,893.17 $38,910,850.9 Fund 410 Downtown Acquisitions - Taxable Principal $506,000.00 2010 GO Bonds $39,416,850.9 Interest $97,450.89 $39,514,301.8 2002 GO Bonds Refinanced - Deduct Old Debt Service Principal ($11,002.00) 1999 GO Bonds $39,503,299.8 Interest ($7,674.00) 1999 GO Bonds $39,495,625.88 2002 GO Bonds Refinanced - Add New Debt Service - Fund 410 Principal $11,031.56 2007 GO Bonds $39,506,657.44 Interest $3,979.74 $39,510,637.18 2004 GO Bonds Refinanced - Deduct Old Debt Service Principal ($85,000.00) 2004 GO Bonds $39,425,637.18 Interest ($17,925.00) 2004 GO Bonds $39,407,712.18 2004 GO Bonds Refinanced - Add New Debt Service - Fund 411 Principal $85,000.00 2011 GO Bonds $39,492,712.18 Interest $12,705.56 $39,505,417.74 2005 GO Bonds Refinanced - Deduct Old Debt Service - Downtown Acquisitions Principal ($510,000.00) 2005 GO Bonds $38,995,417.7 Interest ($96,405.00) $38,899,012.7 2005 GO Bonds Refinanced - Add New Debt Service - Fund 412 2012 Principal $510,000.00 2012 GO Bonds $39,409,012.7 Interest $51,204.18 $39,460,216.9 2003 GO Bonds Refinanced - I Principal ($60,000.00)12003 GO Bonds $39,400,216.9 Page 7 of 8 Exhibit "A" Cumulative as of June 30, 2013 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Deduct Old Debt Service - Comm St Extension Interest ($6,290.00) $39,393,926.9 2003 GO Bonds Refinanced - Add New Debt Service - Fund 412 (2012) Principal $60,000.00 2012 GO Bonds $39,453,926.9 Interest $1,892.82 $39,455,819.7 2003 GO Bonds Refinanced - Deduct Old Debt Service - Courier Bldg Ac Mid ort Principal ($30,446.87) 2003 GO Bonds $39,425,372.8 Interest ($3,401.00) $39,421,971.8 2003 GO Bonds Refinanced - Add New Debt Service - Fund 412 (2012) Principal $30,446.87 2012 GO Bonds $39,452,418.7 Interest $698.56 $39,453,117.3 2003 GO Bonds Refinanced - Deduct Old Debt Service - Courier Bldg Acq (Rath) Principal ($35,149.00) 2003 GO Bonds $39,417,968.3 Interest ($3,686.00) $39,414,282.3 2003 GO Bonds Refinanced - Add New Debt Service - Fund 412 (2012) Principal $35,149.00 2012 GO Bonds $39,449,431.3 Interest $985.75 $39,450,417.05 2003 GO Bonds Refinanced - Deduct Old Debt Service - Downtown Lighting Principal ($30,000.00) 2003 GO Bonds $39,420,417.05 Interest ($3,145.00) $39,417,272.05 2003 GO Bonds Refinanced - Add New Debt Service - Fund 412 (2012) Principal $30,000.00 2012 GO Bonds $39,447,272.05 Interest $504.69 $39,447,776.7 Fund 411 Downtown Development Plan - Taxable Principal $100,000.00 2011 GO Bonds $39,547,776.7 Interest $37,066.11 $39,584,842.8 Fund 411 Downtown Acquisitions - Taxable Principal $800,000.00 2011 GO Bonds $40,384,842.85 Interest $269,240.97 $40,654,083.8 Fund 411 Downtown Demolitions - Taxable Principal $800,000.00 2011 GO Bonds $41,454,083.8 Interest $269,240.97 $41,723,324.7 Fund 412 Downtown Acquisitions - Taxable Principal $800,000.00 2012 GO Bonds $42,523,324.7 Interest $98,233.13 $42,621,557.9 Fund 412 Downtown Development Plan Principal $60,000.00 2012 GO Bonds $42,681,557.9 Interest $7,290.00 $42,688,847.9 Fund 413 Downtown Acquisitions - Taxable Principal $950,000.00 2013 GO Bonds $43,638,847.9 Interest $125,810.76 $43,764,658.68 Fund 413 Downtown Development Plan Principal $80,000.00 2013 GO Bonds $43,844,658.68 Interest $10,579.03 $43,855,237.71 Teamsters Acquisition Principal $92,781.02 Advance $43,948,018.73 E 4th Street Principal $31,886.19 Advance $43,979,904.9 TechWorks Principal $24,104.93 Advance $44,004,009.85 TIF Expansion Principal $1,063.75 Advance $44,005,073.60 Cedar Skyline Forgiveable Loan Principal $247,500.00 Advance $44,252,573.6 TechWorks Principal $3,977.50 Advance $44,256,551.10 * Estimated Page 8 of 8 EXHIBIT "B" Cumulative as of June 30, 2013 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program am Schedule 2 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) Year No. Received Amount Received from Payments under Sec. 402.12(2) - TIF Other Revenue Received Cumulative Amount 1 FY 1977 $22,566.19 $22,566.19 2 FY 1978 $50,863.50 $73,429.69 3 FY 1979 $163,010.80 $236,440.49 4 FY 1980 $216,795.08 $453,235.57 5 FY 1981 $319,027.40 $772,262.97 6 FY 1982 $385,731.14 $1,157,994.11 7 FY 1983 $476,100.00 $1,634,094.11 8 FY 1984 $534,281.00 $2,168,375.11 9 FY 1985 $582,411.43 $2,750,786.54 10 FY 1986 $773,667.04 $72,793.00 $3,597,246.58 11 FY 1987 $829,625.00 $121,738.00 $4,548,609.58 12 FY 1988 $778,965.94 $73,975.00 $5,401,550.52 13 FY 1989 $607,992.00 $76,019.00 $6,085,561.52 14 FY 1990 $1,104,273.00 $199,453.84 $7,389,288.36 15 FY 1991 $911,105.00 $292,043.20 $8,592,436.56 16 FY 1992 $887,043.00 $136,932.05 $9,616,411.61 17 FY 1993 $881,666.00 $131,685.90 $10,629,763.51 18 FY 1994 $897,520.00 $146,935.03 $11,674,218.54 19 FY 1995 $752,642.00 $131,841.98 $12,558,702.52 20 FY 1996 $657,480.00 $203,285.29 $13,419,467.81 21 FY 1997 $602,482.27 $207,785.90 $14,229,735.98 22 FY 1998 $552,575.59 $198,774.53 $14,981,086.10 23 FY 1999 $599,707.53 $72,765.79 $15,653,559.42 24 FY 2000 $549,044.97 $72,000.00 $16,274,604.39 25 FY 2001 $781,750.82 $72,000.00 $17,128,355.21 26 FY 2002 $874,603.46 $72,000.00 $18,074,958.67 27 FY 2003 $797,581.70 $72,000.00 $18,944,540.37 28 FY 2004 $746,995.28 $19,691,535.65 29 FY 2005 $849,326.72 $20,540,862.37 30 FY2006 $972,617.30 $21,513,479.67 31 FY2007 $935,872.08 $143,555.75 $22,592,907.50 32 FY2008 $990,766.64 $16,979.08 $23,600,653.22 33 FY2009 $1,229,705.33 $3,671.82 $24,834,030.37 34 FY2010 $1,302,412.88 $334.14 $26,136,777.39 35 FY2011 $1,191,328.01 $1,609.19 $27,329,714.59 36 FY2012 $1,284,556.61 $401.43 $28,614,672.63 37 FY2013 $1,702,931.84 $121.07 $30,317,725.54 38 FY2014* $1,557,749.00 $31,875,474.54 * Estimated Values # Includes Special Assessments and Parking Revenue Prepared by MWeidner 11/21/2008 Project Designation: Downtown Waterloo Urban Renewal and Redevelopment Program June 30, 2013 Total Expenses Certified T- $44,256,551.10 - - - - - - --- -- - -I - --- ----- -- - -- -- essTotal evenue erte t rou9 _ I $30,317,725.54 I, F- -FN -et Revene Certified $30,31 7-, 725.54 NeObtionCertfedasof630-/20-13 I --_-I--_ - I --- $ 13,938,-5.56 I - - - - �- ----- - ----- -3--- -- venueEstimate0 - -- - - }- $1,557,749.00 rNet P o'e ted Obli anon for FYE14 Budg et Year 1 9 + $12,381,076.56 --- -- - Net Obligation Certified at 6/30/2012 g t- $13,787,537.18- -- -- Add: _ �Current Year Debt Activity 1 - - _ -- - - - Main Street - $40,000.00 $40,000.00 Current YearRebate Adjustments: Prior -rent Current Yr � $106,604.26 $15,142.00 - - - -- - - $198,621.70-4 $207 540.70 _ $8,919.00 Dolly James -$0.00 Fischels Holdings, LLC $649,680.00 _ $649,680.00 $0.00 $35,220.00 $35,220.00 New Bonds Issued: T +Principal Interest _ - $510,000.00� -9 -Z -8-2 --$-5-1 204.18 � - $,5 61,204.18T $60,000.00 $30,446.87 $1,8 77 $698 56+ I $31,45.43 '8 $35,149.00 _-- $985.5 - - -$364.5 $30,000.00 07 $125,810_ -- - - - $30,5076 8$950,000.00 075_10_6 0,000.00 $10,579.03 $90,579.03 - �-- -- - - _-� - - - $2,64Q,210.16 - Less:_ Current Year Interest Earnings - Rebate Adjustments_ - � ($121.07)I- -- - urren e ar Pnor 7 Yr Current Yr - tJack kRos- -- - y is $70,242.63 $23,829.00 $69,312.63 $23,739.00 -($930.00) $90.00 -- - - - Slife --$1 Commumt� Community Bank59,738.00 $56,657.64- -� -� —-($- $54,508.00 ($1,096.00) 1 - - 5,230.00) ($5,230.00 -- ) s Refunded. (10. Bonds .- Principal Interest _ - - - - I -- ($510,000.00) ($96,405.00) - ~ ($606,405.00) _ - - — - - - ($60,000.00) ($30,446.87 ($6,290.00) - ($3,401_0 ($66,290.0 (847.87) - -$33, ) _ r-- ($35,149.00 - � ($3,686.00 - -- ($38,835.00) � - - - - - - - - ($30,000.00)1 ($3,145.0 -- -�- -Re - - - -- _($33,145.00 - -- -$785,989.94) TIF ven ue Ad'ustm - from Prior Year Estimate Actual to Act � �- $1 284,556.61 $1,702,931.84_ �- ($418,375_23) + lent - - - - - - - - - p_ orted PreviouslY Subtract Current YearTRevenue Estimate Re - - _ - ($1,284,556.61) I - Wet Ob -6-f 6/30/2013 Neh a g tion Certified as - - $13,938,825.56 Downtown TIF Schedule 13.x1s Net Certified FY2013 Prepared by MWeidner 11/21/2008 _-- !Variance -- - - $0.00 Reconciliation to TIF Indebtedness/Increment Tax_ Reconciliation from _ BHC _ Net Obligation Certified as of 6/30/2011 from above f $13,938,825.56 FYE2011 Projected Revenue per BHC 12/3/2010 - T- - j - - - - - 1 - - ($1,188,127.00)' FYE2012 Protected Revenue per BHC 12/3/2010 f $1,371,716.00 Protected TIF Indebtedness Remaining at end of next fiscal year - Per BHC TIF Tax Reconciliation $11,378,982.56 j T T-- ---- FYE201 Projected Revenueer BHC 12/3/2010 ---- -----P---�—--- ---- ($1,188,127.00) -- Per City FYE2011 Budget - - - -- - --- $1,_557_,749.00 \/arinnna Downtown TIF Schedule 13.x1s Net Certified FY2013