2008 Annual Tax Increment Financing ReportTHE CITY OF DUBUQUE
Masterpiece on the Mississippi
Dubuque
All-American City
2007
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Mananger
SUBJECT: 2008 Annual Tax Increment Financing Report
DATE: December 30, 2008
Economic Development Director Dave Heiar has provided a copy of the 2008 Annual
Tax Increment Financing Report. Also included in Budget Director Jennifer Larson's
annual urban renewal project report that is filed with County Auditor Denise Dolan by
December 1 of each year.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van Milligen
MCVM/jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Heair, Economic Development Director
THE CITY OF DUBUQUE
Masterpiece on the Mississippi
Dubuque
All-American City
2007
TO: Michael C. Van Milligen, City Manager
FROM: David Heiar, Economic Development Director
SUBJECT: 2008 Annual Tax Increment Financing REPORT
Introduction
This memorandum transmits to the City Council the 2008 summary report on the City's
use of Tax Increment Financing (TIF) to support private economic development
projects. Several attachments provide both a chronology and chart of TIF-assisted
private economic development projects to date. Also included is Budget Director
Jennifer Larson's annual urban renewal project report that is filed with the County
Auditor by December 1St of each year and identifies both the public and private TIF-
eligible expenditures for which tax increment reimbursement is sought.
Discussion
Sfate Authorization
The Iowa Code provides that cities can use TIF for certain public and private economic
development purposes once an urban renewal plan is approved and an urban renewal
district is established. Traditionally, urban renewal projects involved public purpose
activities related to the elimination of "slum and blight." Urban renewal law was
expanded to allow other "economic development" activities, including direct grants and
loans to private persons/parties for economic development projects that created new
jobs and investment in designated urban renewal districts that did not have to be "slum
and blight" areas.
Private Economic Development Purposes
The ability to use TIF to assist private economic development projects in urban renewal
districts has become a very useful financing tool and incentive for private investment in
urban renewal districts. TIF has allowed the City to assist private economic
development projects based on the new "tax increment" created by the projects
themselves. The City is able to capture the new taxable value created by a project and
use the new property taxes generated from that new value (the new "tax increment") to
assist a project directly. From 1983-2008, the City approved assistance to 32 private
projects in the form of either: 1) an up-front financial grant through a bond instrument
repaid with 10 years of the new tax increment property taxes; or 2) a commitment
rebating the new tax increment property taxes directly back to the property owner. For
2008, 7 private projects were approved by the City Council.
The decision to limit the City's TIF commitments on private economic development
projects to 10-year terms has been a general City Council policy. The maximum length
has been extended for a small number of projects due to their financial implications and
the significant benefit the project brings to the community. The length of any
commitment is also based on the individual urban renewal district's duration and time
remaining to capture TIF revenues.
2008 TIF Projects
The City finalized 7 projects in 2008. The following is a description of each project
organized by Urban Renewal Area.
The City finalized four projects located in the Dubuque Industrial Center West. The first
was a 9-year 100% TIF rebate for ITC Development. The project will create 30 new
jobs and construct a operations facility costing $2,1.00,000. The second is a 20-year
100% TIF rebate for a new facility for Hormel Foods Corporation. The project has
committed to creating 196 positions. The third project is a TIF rebate for American Tank
& Fabrication to retain 24 jobs and create an additional 10 positions. The fourth project
involves Spiegel Family Realty Company to construct a Spec Building. They promise
10 new jobs will be created in the building.
Two projects located in the Greater Downtown Urban Renewal District have been
finalized. The first is a $20,000,000 renovation of the Hotel Julien. They have
committed to creating 57 new positions and retain 12 positions. A $600,000 Downtown
Rehabilitation loan was provided for the project. The second project is the
redevelopment of the former Interstate Power Building on Iowa Street. This project is
expected to cost $2 million and will receive a 10-year 75% TIF rebate. A $300,000
Downtown Rehabilitation loan was provided for the project.
One project has been finalized in the East Seventh Street District. Morrison Brothers
Company will be expanding their operations at an estimated cost of $3,825,000. They
have committed to retain 88 positions and create an additional 10 positions.
In FY2008, a combined $350,000 of TIF revenue was placed into the Downtown
Rehabilitation Loan pool, Design Grant, and Facade Grant Programs. The Council
approved 5 new projects this year for a total additional commitment of $2,820,000
Based on these commitments the loan pool will not be available for other projects until
FY2023, assuming the current 5-year CIP recapitalizations are funded. If the loans are
not repaid on a timely basis, or if these loans are forgiven due to job creation or housing
creation, the loan pool will be depleted for an even longer time frame. The loan pool will
need more significant recapitalization to maintain its viability. The long waiting period is
deterring projects from happening in a timely manner.
Annual Urban Renewal Project Report filed with County Auditor
By December 1St of each year, the City's Budget Director files a lengthy report with the
County Auditor certifying TIF-eligible expenses for urban renewal projects in the various
urban renewal districts for which the City seeks reimbursement from the tax increment.
Since 1983, the total qualifying expenses in all districts is $152,600,230. This includes
both public and private projects. Through FY2008, the City has received
$30,336,751.35 in reimbursements from the tax increment. The City will continue to
receive reimbursements until the total qualifying expenses are repaid.
It is important to note that of the total qualifying expenses, 80% of the expenses have
been for public projects, including industrial park development, reopening Main Street,
new parking ramps and the America's River project. The remainder has been
committed to the private economic development projects identified in this report.
Summary
The City's 25-year experience with tax increment financing has provided valuable
resources for both public and private reinvestment and renewal in the community. The
City continues to utilize this economic development tool to reach public goals of
property tax expansion, job creation, building rehabilitation and community
enhancement. Tax increment financing has been a critical tool for the City and its
overall economic development strategy.
Action Step
The action step for the City Council is to receive and file this 2008 Annual TIF Report.
attachments
F:\USERS\AdejonglTlF Report\20081TIFREPORTmemo 2008.doc
TIF Chronology - 24 Years of Private Investment
Year Company
1983 Security Building
1988 Metrix
1991 Nordstrom
Clarion Hotel
1996 Precision Tool
1997 Weber Paper
Swiss Valley Farms
1998 Morrison Bros.
TFM
1999 Eagle Window & Door
Advanced Data-Comm
CarteGraph
CIGNA/Prudential
2000 DAIDC Spec Building
2001 McGraw-Hill
2002 Giese Manufacturing
Heartland Financial
Quebecor World
2004 Vessel Systems
Adams Company
Weber Building
2005 Tri-State Industries
2006 McGraw-Hill
Kunkel Bounds
Giese Manufacturing II
Dubuque Screw
Highway 151/61
Dubuque Star Brewery
National Dentex
Conlon Johnson
Hartig Drug
Theisen Supply
Amount/Type of TIF Estimated TIF Generation
$ 360,000 Bond* $533,309 interest/fees
$ 125,000 Bond $154,722 with interest/fees
$1, 000, 000 Bond $1, 302, 072 with interest/fees
$1,200,000 Bond $1,614,363 with interest/fees
$ 115,000 Rebate**
$ 150,000 Rebate
10 yr. Rebate *** $0
10 yr. Rebate $187,000
$ 104,000 Rebate
$3,200,000 Bond $4,928,921 with interest/fees
$ 900,000 Bond $1,104,350 with interest/fees
$ 360,000 Bond $457,728 with interest/fees
10 yr. Rebate $2,700,000
10 yr. Rebate $406,000
10 yr. Rebate $2,800,000
10 yr. Rebate $290,000
10 yr. Rebate $478, 000
10 yr. Rebate $600,000
$ 140,000 Bond $222,896 with interest/fees
$ 500,000 Bond"^ $628,148 with interest/fees
$ 150,000 Bond $297,102 with interest/fees
10 yr. Rebate $372 000
10 yr. 100% Rebate**" $5,400,000
10 yr. 100% Rebate`** $300,000
10 yr. 100% Rebate*** $225,000
10 yr. 100% Rebate*** $300,000
10 yr. 100% Rebate dependent on development
10 yr. 100% Rebate*~* $1
950
000
9 yr. 100% Rebate ,
,
$351,000
10 yr. 82% Rebate $774,000
10 yr. 60% Rebate $90,000
$ 707,500 Bond* $812,000 with int/fees
2007
Kendall/Hunt
L&J Properties Dubuque
Port of Dubuque Parking Ramp
Briggs Adams Development
German Bank Building
Art's Way Manufacturing
C & B Security Building
Medline Industries
2008 ITC Development
Hormel Foods Corporation
Hotel Julien
American Tank & Fabrication
Interstate Building LLLP
Morrison Brothers II
Spiegel Family Realty
9 yr. 100% Rebate
9 yr. 100% Rebate
$23,025,000 30 yr. Bc
Various 5 yr. Rebates
10 yr. 100% Rebate
9 yr. 100% Rebate
10 yr. 100% Rebate
9 yr. 100% Rebate
$1,050,300
$243,000
nd> $58,866,422 with
$2,739,369
$450,000
$300,000
$1,200,000
$1,950,000
9 yr. 100% Rebate $716,000
10 yr. 100% Rebate $9,000,000
15 yr. 100% Rebate $12,000,000
$240,000
10 year 75% Rebate $450,000
10 year 100% Rebate $1,147,500
8 year 100% Rebate 1,848,000
TOTAL: $ 113,937,118
Downtown Rehab Loan Program + 6,375,431
Private economic development projects $ 120,312,549
int/fees
A bond is issued to generate up-front cash for a project. The new property taxes generated
by the project's new assessed value (the tax increment) are captured over a 10 year period to
repay the bond. The property owner pays taxes due, the taxes are sent to the City, the City
pays the bond holder (typically a local bank) from the tax increment.
** 100% rebate (except for debt service levies) of the new property taxes generated by the
project's new assessed value (the tax increment) provided to the property owner only until that
time when the predetermined maximum amount of rebate is reached, typically 5-10 years. The
property owner pays taxes due, the taxes (minus debt service) are sent to the City, the City
rebates the tax increment to the property owner.
'`"`* 100% rebate (except for debt service levies) of the new property taxes generated by the
project's new assessed value (the tax increment) for a full 10 year period. The property owner
pays taxes due, the taxes (minus debt service) are sent to the City, the City rebates the tax
increment to the property owner.
" Due to the elimination of Machinery and Equipment from the property tax calculation, Swiss
Valley Farms had a roll back of taxes. The new assessed value created by their expansion
project, which would have created the tax increment, is still below the original tax basis.
"^ Adams Co. amount is equal to difference in purchase price and cost of new building.
> The Port of Dubuque Public Parking Ramp is a public infrastructure improvement which was
committed to be built as an incentive for the Diamond Jo Casino expansion.
F:\USERSWdejong\TIF Report\2008\TIF Chronology.doc
ECONOMIC DEVELOPMENT TIF PROJECTS
by Urban Renewal District
Greater Downtown (Downtown and Ice Harbor)
Security Building
Clarion Hotel
CIGNA/Prudential
TFM
Heartland Financial (Walsh Store)
Lower Main Development (Weber Bldg)
McGraw-Hill
Cottingham & Butler Security Building
Cottingham & Butler House of China Building (pending agreement)
Hartig Drug
Dubuque Star Brewery
Old German Bank Building
Port of Dubuque Parking Ramp
Port of Dubuque Adams Development
Cottingham & Butler Security Building II
Hotel Julien
Interstate Building, LLLP
Historic Property Tax Rebate
Town Clock Building
Bricktown
Downtown Rehabilitation Loan Program
Bakey Kitchens/Relm House
Grand Opera House (2)
Atlast Fluid Power
Cinema X Building
Security Building
Dubuque Museum of Art
Jorga's Restaurant
Iowa Inn
Pepper Sprouts
Bricktown
Town Clock Building
Heartland Financial Walsh Store
Gronen Upper Main Buildings
Lower Main Development
Cottingham & Butler Security Building (pending)
Cottingham & Butler House of China Building (pending)
Old German Bank (pending)
Hartig Drug (pending)
Butt's Florist (pending)
Interstate Building (pending)
Miller Development (pending)
900 Block of Main Street (pending)
SLDI (1000 Jackson) (pending)
Julien Hotel (pending)
1005 Main Street (pending)
Facade Grants
Capri Cosmetology
Pepper Sprouts
Ellen's Floral
Butt's Florist
Bricktown
McCoy Jewelers
Fischer Office Building
Cinema X
Canvas Products
Old Main Hotel
Atlast Fluid Power
Herbst Upholstery
Jocille's Building
Steele Centre
Butt's Florist
Cottingham & Butler Security Building
Cottingham & Butler House of China Building
Old German Bank (pending)
Hartig Drug (pending)
Interstate Building (pending)
Miller Development (pending)
900 Block of Main Street (pending)
SLDI (1000 Jackson) (pending)
Julien Hotel (pending)
Wilmac (GGS Space) (pending)
1005 Main Street (pending)
Design Grants
Cottingham & Butler Security Building (pending)
Cottingham & Butler House of China Building (pending)
Old German Bank (pending)
Miller Development (pending)
900 Block of Main Street (pending)
SLDI (1000 Jackson) (pending)
Julien Hotel (pending)
1005 Main Street (pending)
Kerper Boulevard
Eagle Window & Door
Highway 151/61 Development
DIC/South (Dubuque Technology Park)
Advanced Data-Comm
CarteGraph
Kunkel, Bounds & Associates
Conlon/Johnson Development (Sedgwick CMS)
L&J Properties, Dubuque (Entegee Engineering)
Dubuque Industrial Center
Metrix
Nordstrom
` Precision Tool
Weber Paper
DAIDC Spec Building
McGraw-Hill
Giese Manufacturing
Vessel Systems
Adams Company
Tri-State Industries
Giese Manufacturing II
Theisen Supply
Dubuque Screw Products
National Dentex
Kendall/Hunt Publishing
Art's Way Manufacturing
Medline Industries
ITC Development
Hormel Foods Corporation
American Tank & fabrication
Speigel Family Realty
East 7th Street
Morrison Bros.
Morrison Bros. II
Swiss Valley 1(closed out)
Swiss Valley 2
Swiss Valley Farms
Quebecor
Quebecor World
Dubuque Corporate Center (closed out)
F:\USERS\Adejong\TIF Report\2008\Econ Dev Projects.doc
TIF PROJECTS -Private Investment and Job Creation
Agreement New TIF Jobs to be Jobs to be Job Creation
_Year Date Company/Project Project Value Amount Retained Created Date Penalty /Job
1983 Security Building $ 360,000 ************ Files closed for this project ***************
1986 07/01/86 Swiss Valley/fouler Valley $ 4,300,000 $ 350,000 72 25
1988 Metrix $ 125,000 50 05/01/90 $p
1991 01/21/91 Nordstrom $ 5,000,000 $ 1,000,000 140 09/30/95 $0
Clarion Hotel (Blue Moon) $ 9,100,000 $ 1,200,000 95 12/01/91 $0
1996 04/15/96 Precision Tool $ 1,100,000 $ 115,000 6 04/01/98 $0
1997 Weber Paper $ 1,200,000 $ 150,00.0 * Job creation requirement satisfied by other funding sources *
Swiss Valley Farms $ 5,500,000 $ - 125 20 12/31/01 $1,500
1998 11/16/98 Morrison Bros. $ 2,000,000 $ 187,000 No Job Creation Required
TFM $ 1,300,000 $ 104,000 No Job Creation Required
1999 02/15/99 Eagle Window & Door $ 15,000,000 $ 3,200,000 475 168 12/31/2003* $3
360
11/16/98 Advanced Data-Comm $ 6,000,000 $ 900,000 ,
317 51 12/01/2001* $0
01/18/99
.10/18/99 CarteGraph
CIGNA/Prudential $
$ 2,000,000
10
00 $ 360,000 104 0 1/1/2002> $1,300
,
0,000 $ 2,700,000 320 200 03/31/2002* $2,250
2000 10/25/00 Walter Development (DAIDC Spec Bld) $ 1,400,000 $ 406,000 ** No Job Requirement/relocated for Port Redevelopment **
2001 10/15/01 McGraw-Hill $ 10,000,000 $ 2,800,000 100 10 10/15/2003* $7,729
2002 03/04/02
05/19/02 Giese Manufacturing
Heartland Financial $ 1,000,000 $ 290,000 31 10 03/04/2005* $5
707
05/19/02
Quebecor $
$ 5,000,000
24
000
000 $
$ 478,000
600
000 ,
255 45 12/31/2008** $1,062
2
,
, , 30 106 03/31/2005* $134
2004 Vessel Systems
Adams Company $ 1,000,000 $ 140,000 24 25 12/1/2008^ $3,908
Weber Building $
$ 2 800,000
2 $ 500 000 ************** No Job Requirement
,000,000 $ 150,000 **** No Job Requirement /Tied to Shepherd Relocation ****
2005 07/05/08 Tri-State Industries $ 1,400,000 $ 372,000 ** No Job Requirement/relocated for Juien Bridge Project **
2006 6/19/2006 McGraw-Hill $ 18,000,000 $ 5,400,000 389 29 1/1/2010
^^
$ 1, 037
6/19/2006 Kunkel Bounds $ 1,000,000 $ 300,000 0 24 1/1/2009 $ 8,357 ^"
7/17/2006 Giese Manufacturing II $ 750,000 $ 225,000 52 15 1/1/2009 $ 1,015 ^^
6/19/2006 Dubuque Screw $ 1,000,000 $ 300,000 52 15 1/1/2010 $ 3,347 ^^
3/19/2006 Highway 151/61 NA NA No Job Req uirement
7/17/2006 Dubuque Star Brewery $6,500,000 $ 1,950,000 "***""*'`****"" No Job Req uirement "*"""****"**""**
10/30/2006 National Dentex (P&L Venture) $ 1,300,000 $ 351,000 54 10 12/1/2010 $ 2,344 ^"
8/21/2006 Conlon/Johnson $ 3,150,000 $ 774,900 0 75 7/1/2009 $ 2,014 ^^
9/21/2006 Hartig Drug $ 500,000 $ 90,000 55 10 12/1/2010 $ - "^
6/19/2006 Theisen Supply $ 4,000,000 $ 812,000 48 10 12/1/2010 $ 10,453 ^^
2007 4/2/2007 Kendall/Hunt $ 3,890,000 $ 1,050,300 188 10 1/10/2011 $ 2,775 ^^
6/18/2007 Entegee (L&J Properties) $ 900,000 $ 243,000 85 10 7/1/2010 $ 1,442 ^^
2/5/2007 Port Parking Ramp $ 57,890,649 $ 52,101,584 No Job Requirement
1/23/2007 Briggs Adams Development $ 63,000,000 $ 2,739,369 49 10 1/1/2010 $ - ^"
5/21/2007 German Bank Building $ 1,500,000 $ 450,000 **** **"***"*** No Job Requirement *'***"*****""**"*
8/6/2007 Art's Way Manufacturing $ 1,000,000 $ 270,000 25 10 7/1/2010 $ 7,610.00 ^^
7/20/2007 C & B Security Building $ 4,000,000 $ 1,200,000 306 90 9/30/2009 $ - ^"
11/19/2007 Medline Industries $ 6,500,000 $ 1,560,000 232 75 1/1/2011 $ 2,038.44 ^"
2008 3/3/2008 ITC Development $ 2,100,000 $ 716,000 10 30 8/31/2010 $ 15,887.50 ^^
4/21/2008 Hormel Foods Corporation $ 89,000,000 $ 9,000,000 8 196 1/10/2010 $ 14,540.00 ^^
4/21/2008 Hotel Julien $ 20,000,000 $ 12,000,000 12 57 1/1/2011 $ - ^"
9/2/2008 American Tank & Fabrication $ 1,000,000 $ 240,000 24 10 1/10/2011 $ 5,632.00 ^^
11/3/2008 Interstate Building, LLLP $ 2,000,000 $ 450,000 100 14 1/1/2011 $ - ""
10/6/2008 Morrison Brothers II $ 3,825,000 $ 1,147,500 88 10
~ 6/1/2011 $ - ^^
9/15/2008 Spiegel Family Realty Company $ 7,700,000 $ 1,848,000 0 10 1/10/2011 $ 2,038.44 ^"
24 Year TOTALS
New Investment $ 411,605,649
DirectTlF Incentives $ 111,345,653
Retained Jobs 3,830
New Jobs Pled ed 1,671
* Job creation obligations met by deadline.
`* Job creation obligation met before deadline and closed out.
^ Job creation date amended on 9/28/2005 because business has gone under new ownership
^^ Penalties also exist on the TIF Rebates/Bonds if committed jobs are not created/retained.
> City Council modified the agreement to incorporate higher quality positions being created.
THE CITY OF DUBUQUE
Master piece on the Mississippi
November 25, 2008
TO: Michael C. Van Milligen, City Manager
Jeanne Schneider, City Clerk
Ken TeKippe, Finance Director
FROM: Jenny Larson, Budget Director
SUBJECT: FY 2010 Annual Tax Increment Financing Report
The Annual Tax Increment Financing Report for FY 2010 has been filed wit
County Auditor Denise Dolan pursuant to the Code of Iowa, Section 403.19
includes all cumulative expenditures eligible for tax increment reimburseme
district, and reflects the total tax increment cumulative revenue received thr
and the amount estimated to be received in FY 2009.
Should you have questions on the attached report, please feel free to conta
Thank you.
JML
Attachment
cc: Barry Lindahl, City Attorney (w/o attachment)
Cindy Steinhauser, Assistant City Manager (w/o attachment)
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 Revenue Is Requested
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: _Dubuque Brewin & Malting District
Urban Renewal Area Number: (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 will qualify for payment 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*:
$ 167,372
*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 revenue in subsequent fiscal years without further
certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any
fiscal year a City may elect to receive less than the available TIF increment tax revenue 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 revenue is not
requested.)
A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue 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 revenue received from the County Treasurer.)
Notes/Additional Information:
Dated this 25th day of November
f
1 ~ _
Signat re of uthorized Official
2008
563-589-4110
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: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Brewin & Malting District
Urban Renewal Area Number: 00000 (Use five-digit Area Number Assigned by the County Auditor)
Ilndividual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Economic Development Agreement -Dubuque Stamp 07/01/08 166,520
10 Year Rebate with no maximum.
x0'X' this box if a rebate agreement. List administrative details on lines above.
2. Internal Loan -Dubuque Brewing & Malting District 07/01/08 852
Legal Services
~'X' this box if a rebate agreement. List administrative details on lines above.
3.
~'X' this box if a rebate agreement. List administrative details on lines above.
4.
~'X' this box if a rebate agreement. List administrative details on lines above.
5.
~'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: 167,372
'` "Date Approved"_is the date that the local governing body_initially approved the TIF indebtedness.
- ---
~~„
,~
.. - -
-r-' - -
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 7 Prior To The Fiscal Year TIF Increment Revenue Is Requested
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: Swiss Valley Economic Development District
Urban Renewal Area Number: 31019 (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 will qualify for payment 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*: $ 0
*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 revenue in subsequent fiscal years without further
certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any
fiscal year a City may elect to receive less than the available TIF increment tax revenue 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 revenue is not
requested.)
A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue 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 revenue received from the County Treasurer.)
Notes/Additional Information:
Dated this 25th day of November 2008
563-589-4110
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 Revenue Is Requested
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: Quebecor Economic Development District
Urban Renewal Area Number: 31029 (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 will qualify for payment 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*: $ 629
*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 revenue in subsequent fiscal years without further
certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any
fiscal year a City may elect to receive less than the available TIF increment tax revenue 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 revenue is not
requested.)
A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue 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 revenue received from the County Treasurer.)
Notes/Additional Information:
Dated this 25th day of November
Sign ure of Authorized Official
~nnQ
563-589-4110
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: Dubuque County: Dubuque
Urban Renewal Area Name: Quebecor Economic Development District
Urban Renewal Area Number: 31029 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Economic Development Agreement -Quebecor 07/01/08 629
Increased assessed value which increased the rebate payment FY 2010-2014
xQ'X' this box if a rebate agreement.
2.
~'X' this box if a rebate agreement.
3.
~'X' this box if a rebate agreement.
4.
~'X' this box if a rebate agreement.
5.
~'X' this box if a rebate agreement.
List administrative details on lines above.
List administrative details on lines above.
List administrative details on lines above.
List administrative details on lines above.
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: 629
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
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 Revenue Is Requested
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: East 7th Street Economic Development District
Urban Renewal Area Number: 31017 (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 will qualify for payment 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*: $
*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 revenue in subsequent fiscal years without further
certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any
fiscal year a City may elect to receive less than the available TIF increment tax revenue 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 revenue is not
requested.)
A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue 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 revenue received from the County Treasurer.)
Notes/Additional Information:
0
Dated this 25th day of November 2008
~1 ----- -- 563-589-4110
Signature of Authorized Official Telephone
CITY TIF FORM 3
TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF TIF INCREMENT
TAX REVENUE RECEIVED FROM THE COUNTY TREASURER
CERTIFICATION TO COUNTY AUDITOR
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: East 7th Street Economic Development District
Urban Renewal Area Number: 31017 (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 revenue
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:
Economic Development Agreement -Morrison Brothers: Decreased assessed value
Amount
Reduced:
6,835
Total Reduction In Indebtedness For This Urban Renewal Area: 6,835
Dated this 25th day of November 2008
uLL__ __
e~Vl 563-5a9-4110
Sign ure 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 Revenue Is Requested
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Kerper Boulevard Industrial Site Economic Development District
Urban Renewal Area Number: 31015 (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 will qualify for payment 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'`:
$ 0
*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 revenue in subsequent fiscal years without further
certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any
fiscal year a City may elect to receive less than the available TIF increment tax revenue 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 revenue is not
requested.)
A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue 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 revenue received from the County Treasurer.)
Notes/Additional Information:
Dated this 25th day of November
z ~. ~ --
"v C
Sign ure of Authorized Official
2008
563-589-4110
Telephone
'CITY TIF FORM 3
TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF TIF INCREMENT
TAX REVENUE RECEIVED FROM THE COUNTY TREASURER
CERTIFICATION TO COUNTY AUDITOR
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Kerper Boulevard Industrial Site Economic Development District
Urban Renewal Area Number: 31015 (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 revenue
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: Amount
Reduced:
Internal Loan -Kerper Industrial Park Development: Interest Earnings Received 7,915
Total Reduction In Indebtedness For This Urban Renewal Area: 7,915
Dated this 25th day of November
-~-
Sig ature of Authorized Official
~nnR
563-589-4110
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 Revenue Is Requested
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Industrial Center Economic Development District
Urban Renewal Area Number: 31002 (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 will qualify for payment 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*: $ 6,691,809
*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 revenue in subsequent fiscal years without further
certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any
fiscal year a City may elect to receive less than the available TIF increment tax revenue 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 revenue is not
requested.)
A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue 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 revenue received from the County Treasurer.)
Notes/Additional Information:
Dated this 25th day of November
Sign ture of uthorized Official
2008
563-589-4110
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: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Industrial Center Economic Development District
Urban Renewal Area Number: 31002 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Internal Loan -County Farm Industrial Site Development 07/01/08 4,810
Additional expenses for Consultant Services, Legal Fees, and Abstracting.
~'X' this box if a rebate agreement. List administrative details on lines above.
2. Economic Development Agreement -Giese 07/01/08 30,277
10 Year Economic Development grant, no maximum.
Increased assessed value which increased rebate payment FY 09-14
x~'X' this box if a rebate agreement. List administrative details on lines above.
3. Economic Development Agreement -Scher Real Estate (Dubuque Screw Prod.) 07/01/08 374
Increased assessed value which increased rebate payment FY 09-18
x0'X' this box if a rebate agreement. List administrative details on lines above.
4. Economic Development Agreement -Giese Properties II 07/01/08 7
Increased assessed value which increased rebate payment FY 09-19
Q'X' this box if a rebate agreement. List administrative details on lines above.
5. Internal Loan - DICW Expansion -Synergy Court 07/01/08 22,823
Additional expenses for Consultant Services, Legal Fees, and Fill Placement.
~'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: 58,291
* "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: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Industrial Center Economic Development District
Urban Renewal Area Number: 31002 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Annroved*' Total mm~iin+•
6.
07/01 /2008
260,505
Economic Development Agreement -Arts Way
10 Year Rebate with no maximum.
x0'X' this box if a rebate agreement. List administrative details on lines above.
7' 07/01 /2008
Economic Development Agreement -Kendall Hunt
10 Year Rebate with no maximum.
x0'X' this box if a rebate agreement. List administrative details on lines above.
8. Economic Development Agreement - Medline 07/01/2008
10 Year Rebate with no maximum.
xQ'X' this box if a rebate agreement. List administrative details on lines above.
9. Internal Loan - Chavenelle Ct. Extension to Hormel Foods 07/01/2008
~'X' this box if a rebate agreement. List administrative details on lines above.
10. Internal Loan - DICW Expansion -North Siegert Farm 07/01/2008
~'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.
368,538
Total For City TIF Form 1.1 Page 2: 2,684,812
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
1,645,110
232,845
177,814
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
b
City: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Industrial Center Economic Development District
Urban Renewal Area Number: 31002 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved": Total Amount:
11.2008 Tax Exempt Borrowing for North Siegert Farm 07/01/2008 610,787
Repaid over 15 Years
~'X' this box if a rebate agreement. List administrative details on lines above.
12.2008 Taxable Borrowing for North Siegert Farm
Repaid over 10 Years
~'X' this box if a rebate agreement. List administrative details on lines above.
13.
~'X' this box if a rebate agreement. List administrative details on lines above.
14.
~'X' this box if a rebate agreement. List administrative details on lines above.
15.
~'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.
07/01 /2008 3,337,919
Total For City TIF Form 1.1 Page 3: 3,948,706
" "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 3
TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF TIF INCREMENT
TAX REVENUE RECEIVED FROM THE COUNTY TREASURER
CERTIFICATION TO COUNTY AUDITOR
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Industrial Center Economic Development District
Urban Renewal Area Number: 31002 (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 revenue
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:
Economic Development Agreement -McGraw Hill Corporation: Decreased assessed value
Internal Loan -County Farm Industrial Site Development: Interest Earnings Received
Economic Development Agreement -Walter Development: Decreased assessed value
Economic Development Agreement - Tri-States Industries: Decreased assessed value
Economic Development Agreement - P&L Ventures: Decreased assessed value
Total Reduction In Indebtedness For This Urban Renewal Area:
Dated this 25th day of November
Signa ure of A fiorized Official
Amount
Reduced:
1,635
16,802
4, 728
100,629
8.959
132,753
2008
563-589-4110
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 Revenue Is Requested
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: Greater Downtown Urban Renewal Project
Urban Renewal Area Number: 31033 (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 will qualify for payment 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*: $ 9,506,188
'`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 revenue in subsequent fiscal years without further
certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any
fiscal year a City may elect to receive less than the available TIF increment tax revenue 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 revenue is not
requested.)
A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue 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 revenue received from the County Treasurer.)
Notes/Additional Information:
Dated this 25th day of November
Signature of Authorized O Icial
2008
563-589-4110
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: Dubuque County: Dubuque
Urban Renewal Area Name: Greater Downtown Urban Renewal Project
Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
1. Downtown Loan Pool -Building Facades 07/01/08 200,652
Additional TIF Revenue added to the loan pool for downtwon rehab
~'X' this box if a rebate agreement. List administrative details on lines above.
112,589
2. Internal Loan -Port of Dubuque Parking Ramp 07!01/08
Engineering Division Services, Legal Fees, Miscellaneous
~'X' this box if a rebate agreement. List administrative details on lines above.
3. Internal Loan -Greater Downtown TIF Development 07/01/08
Additional Legal Fees & Platting
~'X' this box if a rebate agreement. List administrative details on lines above.
4. Internal Loan -Port of Dubuque Outdoor Plaza 07/01/08
Landscaping
~'X' this box if a rebate agreement. List administrative details on lines above.
5. Economic Development Agreement -Heartland Financial 07/01/08
Increased assessed value which increased rebate payment in FY 09-15
x0'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.
13,921
69,424
12,426
Total For City TIF Form 1.1 Page 1: 409,012
" "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: Dubuque County: Dubu que
Urban Renewal Area Name: Greater Downtown Urban Renewal Project
Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by t he County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved": Total Amount:
6. Economic Development Agreement -McGraw Hill II 07/01/08 3,479,031
10 Year TIF rebate payment with no maximum.
xQ'X' this box if a rebate agreement. List administrative details on lines above.
7. Economic Development Agreement - Hartig 07/01/08 168,954
10 Year TIF rebate payment with no maximum.
xQ'X' this box if a rebate agreement. List administrative details on lines above.
8. Economic Development Agreement -Prudential Project (CIGNA) 07/01/08 329,581
Increased assessed value which increased rebate payment in FY 2009-11
xQ'X' this box if a rebate agreement. List administrative details on lines above.
9. Economic Development Agreement - Cottingham & Butler 07/01/08 7,532
Increased assessed value which increased rebate payment in FY 2009-10
xQ'X' this box if a rebate agreement. List administrative details on lines above.
10. Economic Development Agreement - Bricktown 07/01/08 684
Increased assessed value which increased rebate payment in FY 2009-11
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 3.
Total For City TIF Form 1.1 Page 2: 3,985,782
* "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 3
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Dubuque County: Dubuque
Urban Renewal Area Name: Greater Downtown Urban Renewal Project
Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount:
11. Economic Development Agreement -Port of Dubuque Adams Co. 07/01/08 241,191
10 Year TIF rebate payment with no maximum.
x0'X' this box if a rebate agreement. List administrative details on lines above.
12. Economic Development Agreement -German Bank 07/01/08 66,043
10 Year TIF rebate payment with no maximum.
x0'X' this box if a rebate agreement. List administrative details on lines above.
13. Economic Development Agreement -Star Brewery 07/01 /08 994,438
10 Year TIF rebate payment with no maximum.
~'X' this box if a rebate agreement. List administrative details on lines above.
14.2008 TIF Bond for Kephart's Building Improvements 07/01/08 506,693
Payble over 15 years
~'X' this box if a rebate agreement. List administrative details on lines above.
15.2008 TIF Bond for Library Renovation 07/01/08 3,303,028
Payable over 15 years
~'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: 5,111,393
"'Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
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 Revenue Is Requested
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Industrial Center/South Economic Development District
Urban Renewal Area Number: 31018 (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 will qualify for payment 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'`:
$ 187,538
*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 revenue in subsequent fiscal years without further
certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any
fiscal year a City may elect to receive less than the available TIF increment tax revenue 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 revenue is not
requested.)
A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue 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 revenue received from the County Treasurer.)
Notes/Additional Information:
Dated this 25th day of November
2008
563-589-4110
Signat a ofA thorized fficial 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: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Industrial Center/South Economic Development District
Urban Renewal Area Number: 31018 (Use five-digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: .
1. Economic Development Agreement -Conlon Johnson 07/01/08 187,538
10 Year Rebate with no maximum.
Q'X' this box if a rebate agreement. List administrative details on lines above.
2.
~'X' this box if a rebate agreement. List administrative details on lines above.
3.
~'X' this box if a rebate agreement. List administrative details on lines above.
4.
xQ'X' this box if a rebate agreement. List administrative details on lines above.
5.
~'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: 187,538
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
•CITY TIF FORM 3
TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF TIF INCREMENT
TAX REVENUE RECEIVED FROM THE COUNTY TREASURER
CERTIFICATION TO COUNTY AUDITOR
Use One Certification Per Urban Renewal Area
City: Dubuque County: Dubuque
Urban Renewal Area Name: Dubuque Industrial Center/South Economic Development District
Urban Renewal Area Number: 31018 (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 revenue
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:
Internal Loan -Dubuque Tech Park Industrial Center On Site Improvements: Interest Earnings Received
1999 TIF Revenue Bonds -Advanced Data Comm: Interest Earnings Received
1999 TIF Revenue bonds -Horizon Ducarte: Interest Earnings Received
Amount
Reduced:
d R1R
10,663
~~a
Total Reduction In Indebtedness For This Urban Renewal Area: 19,005
Dated this 25th day of November
,~~
Signat re of Authorized Official
2008
563-589-4110
Telephone
PROJECT DESIGNATION: DUBUQUE BREWING >li MALTING
ECONOMIC DEVELOPMENT DISTRICT
- Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
under Section 403.19(2)
PROJ.
# PROJECT TITLE FY SOURCE AMOUNT
USE OF DOLLARS
1 DUBUQUE STAMP
2010-19 TIF Revenue Obligation $166,520.00 Economic Dev. Agreement
2009 Advance of City Funds $852.00 payments over 10 yrs
TOTAL PROJECT $167,372.00
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING $167,372.00
PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTERISOUTH
ECONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
PROJ.
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
1 DUBUQUE TECH PARK 1997 Advance from City Fds $95,379.03 Engineering & Design related
INDUSTRIAL CENTER 1997 Advance from City Fds 76,256.03 Grading Contract
ON SITE IMPROVEMENTS 1998. Advance from City Fds 206,758.06 Construction 8 Design Engineering
1998 Advance from City Fds 313,740.55 Road Construction
1998 Advance from City Fds 1,991,229.77 Grading and Utilities Contract
1998 Advance from City Fds 11,883.08 Miscellaneous
1999 Advance from City Fds 16,572.92 Engineering and Legal Services
1999 Advance from City Fds 29,862.07 Consultant Services
1999 Advance from City Fds 1,350.48 Miscellaneous Services
1999 Advance from City Fds 3,252.03 Legal Services
1999 Advance from City Fds 1,156,476.53 Construction
2000 Advance from City Fds 48,677.44 Landscaping
2000 Advance from City Fds 12.76 Miscellaneous
2000 Advance from City Fds 2,820.23 Legal Fees
2000 Advance from City Fds 20,000.00 Payment to Other Agencies
2000 Advance from City Fds 69,193.22 . Construction Contract
2000 Advance from City Fds 1,010.74 Services from CED Dept
2001 Advance from City Fds 17,618.35 Legal Services
2001 Advance from City Fds 3,852.72 Consultant Services
2001 Advance from City Fds 8,162.49 Construction
2001 RISE Grant (179,645.00) Interior Roads
2002 Advance from City Fds 16,472.00 Legal Services
2002 Advance from City Fds 4,776.00 Legal Services
2002 Advance from City Fds 784,803.00 Construction
2003 Advance from City Fds 1,215.95 Legal Services
2007 Advance from City Fds (13,774.66) Investment Eamings
2008 Advance from City Fds (2,487.49) Investment Eamings
2007 Advance from City Fds 2,245.00 Legal Services
2007 Advance from City Fds 5,732.00 Eng. Div. Services
2007 Advance from City Fds 1,255.00 Consultant Services
2007 Advance from City Fds 4,227.00 Miscellaneous Services
2008 Advance from City Fds 250.00 Abstracting
2008 Advance from City Fds 60,734.00 Signage
2008 Investment Eamings (4,536.29)
2009 Investment Eamings (80.14) YTD
TOTAL PROJECT $4,755,296.87
LESS TIF REVENUE TO DATE ($198,125.01)
PROJECT REMAINING $4,557,171.86
2 ADVANCED DATA COMM 1999-201 1 TIF Revenue Bonds 3-18-99 900,000.00 Principal
10 year bond issue $900,000 530,216.00 Interest
Company min. assessment (100,650.00) Debt Service Reserve Fd
agreement to cover debt (65,250.00) Bond Funds for 1st 18 months debt
1999 Legal Fees 5,669.73 Legal Fees
1999 Investment Eamings (4,055.36) ADC
2000 Investment Eamings (10,435.87) ADC
2001 Investment Eamings (9,431.46) ADC
2002 Investment Eamings (6,923.75) ADC
2003 Investment Eamings (5,008.62) ADC
2004 Investment Eamings (6,844.80) ADC
2005 Investment Eamings (8,191.12) ADC
2006 Investment Earnings (6,739.60) ADC
2007 Investment Eamings (8,179.19) ADC
2008 Investment Eamings (13,280.24) ADC
2009 Investment Eamings (2,493.38) YTD ADC
TOTAL PROJECT $1,188,402.34
LESS TIF REVENUE TO DATE ($1,171,044.00)
PROJECT REMAINING $17,358.34
3 HORIZON DUCARTE 2000-201 1 TIF Revenue Bonds 12-01-99 360,000.00 Principal
(CARTEGRAPH) 10 year bond issue $360,000 222,397.00 Interest
w/min. assessment agreement (49,876.16) Debt Service Reserve Fd
to cover debt (31,680.00) Bond Funds for 1st 18 months debt
2000 Legal Fees 2,702.03 Legal Fees
2000 Investment Eamings (2,771.75) Cartegraph (Ducarte)
2001 Investment Earnings (4,982.25) Cartegraph (Ducarte)
2002 Investment Eamings (3,518.43) Cartegraph (Ducarte)
2003 Investment Eamings (2,421.24) Cartegraph (Ducarte)
2004 Investment Eamings (2,649.94) Cartegreph (Ducarte)
2005 Investment Eamings (2,920.38) Cartegraph (Ducarte)
2006 Investment Eamings (3,439.29) . Cartegraph (Ducarte)
2007 Investment Earnings (5,862.33) Cartegraph (Ducarte)
2008 Investment Eamings (5,229.74) Cartegraph (Ducarte)
2009 Investment Earnings (670.22) YTD Cartegraph (Ducarte)
TOTAL PROJECT $469,077.30
LESS TIF REVENUE TO DATE ($469,077.30)
PROJECT REMAINING $0.00
4 KUNKEL BOUNDS 2008-18 TIF revenue 300,868.86 Est. 10 year economic development grant, no max
10 year economic rebate Estimated Incre. Value of $1,000,000
2006 Advance from City Fds 1,255.00 Consultant Services
2006 Advance from City Fds 225.00 Misc. Services
2009 Rebate ~ 20,602.14
TOTAL PROJECT $322,951.00
LESS TIF REVENUE TO DATE ($22,082.14)
PROJECT REMAINING $300,868.86
5 CONLON JOHNSON 2011-2019 TIF revenue 168,783.75 Est 10 year economic development grant, no max
2010 Rebate 18,753.75
TOTAL PROJECT $187,537.50
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING $187,537.50
GRAND TOTAL FOR URBAN RENEWAL AREA $4,g7~~39~,Og
PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER
ECONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.9
PROJ. CITY FUNDING
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
1 METRIX COMPANY 1988 Urban Renewal TIF Rev. $125,000.00 Principal
Note No. 1 1988 29,722.00 Interest
TOTAL PROJECT $154,722.00
LESS TIF REVENUE TO DATE ($154,722.00)
PROJECT REMAINING $0.00
2 NORDSTROM DISTR. 1991 108 Loan from HUD $1,000,000.00
CENTER dated 3-5-91 379,188.00
Loan repayments 37,858.00
have been completed (4,974.00)
(300,000.00)
2000 Loan Repay-Dub.lnfuturo 190,000.00
TOTAL PROJECT $1,302,072.00
LESS TIF REVENUE TO DATE ($1,302,072.00)
PROJECT REMAINING $0.00
3 RADFORD RD RECONSTR. 1997 Advance from City Fds $238,516.00
TOTAL PROJECT $238,516.00
LESS TIF REVENUE TO DATE ($238,516.00)
PROJECT REMAINING $0.00
4 PRECISION TOOL 1999 TIF Revenue Obligation
2000 approved 4-1-96 19,166.67
2001 20,928.00
2002 17,358.00
2003 16,924.00
2004 13,974.95
2005 14,417.65
TOTAL PROJECT $102,769.27
LE SS TIF REVENUE TO DATE ($102,769.27)
PROJECT REMAINING $0.00
5 WEBER PAPER COMPANY 1999 TIF Revenue Obligation $30,000.00
2000 approved 11-17-97 33,950.00
2001 33,332.00
2003 35,100.00
2003 17,618.00
TOTAL PROJECT $150,000.00
LESS TIF REVENUE TO DATE ($150,000.00)
PROJECT REMAINING $0.00
6 COUNTY FARM INDUSTRIAL 1997 Advance from City Fds $197,895.97
SITE DEVELOPMENT 1998 Advance from City Fds 177,024.00
1998 Advance from City Fds 7,500.47
1998 Advance from City Fds 328,391.95
1999 RISE Grant (349,583.00)
1999 Sales Tax Refund (26,253.00)
1999 Reimbursement General (57,000.00)
1999 Land Contract 59,642.00
1999 Advance from City Fds 27,724.00
1999 Advance from City Fds 5,622,487.70
2000 Sales Tax Refund (63,729.00)
2000 Insurance Claim/Other (9,474.00)
2000 Advance from City Fds 1,012.98
2000 Land Contract 59,642.00
2000 Advance from City Fds 105,789.01
2000 Advance from City Fds 1,583.71
2000 Advance from City Fds 3,393.00
2000 Advance from City Fds 59,526.35
2000 Advance from City Fds 1,649,226.84
2000 Advance from City Fds 10,959.80
Principal
Interest Expense
Issuance Expense
Interest Earnings
Capitalized Debt
Land Acquistion Loan 11-30-90
Construction contract let 9-3-96
Economic Development Grant $115,000 Max
with payments over 6 yrs Max (FY 98-03)
of $19,167/yr
Final Payment
Economic Development Grant $150,000
with payments over 5 yrs (FY 99-03)
of $30,000/yr.
Final Payment
Land acquisition rel. expense-Seigerts
Land acquisition rel. expense-Bergfelds
Easement acquisition
Engineering/ConstructioNLegal Services
Interior Roads
Land Contra Payments-Seigert/BgrFeld
Easement acquisition
Construction related expense
Property Tax
Land Contract Payments-SeigerUBerfeld
Consultant Services
Miscellaneous Services
Legal Services
Landscaping Contract
Construction
Services from Eng., CED, Consulting Engineers
PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER
ECONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.9
PROJ. CITY FUNDING
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
2001 TIF Payments 266,666.00 Alliant No Interest Loan-1st of 3 payments
2001 Land Contract 59,642.00 Land Contra Payments-Seigert/Berfeld
2001 Legal Services 12,133.00
2001 Damage Claims 140,000.00 Grading Contractor
2001 Sales tax Refund (49,577.00)
2001 Advance from City Fds 22,050.00 Architectural Services
2001 Advance from City Fds 7,257.00 Consultant Services
2001 Advance from City Fds 270.00 Miscellaneous Services
2001 Advance from City Fds 312,041.00 Construction Contract
2001 Advance from City Fds 48,084.00 Landscaping Contract
2002 TIF Payments 266,667.00 Alliant No Interest Loan-2nd of 3 payments
2002 Advance from City Fds 84,000.00 Prepayment made 10-00 on Baloon Payment
2002 Land Contract 57,024.00 Land Contra Payments-Seigert/Berfeld
2002 Advance from City Fds 22,877.13 Architectural Services
2002 Advance from City Fds 44,330.50 Consulting Engineers
2002 Advance from City Fds 8,931.84 Legal Services
2002 Advance from City Fds 1,802.84 Miscellaneous
2002 Advance from City Fds 8,032.00 City Engineering Charges
2002 Advance from City Fds 114,000.00 Vincent McFadden-Land Payment
2002 Advance from City Fds 11,051.15 Construction-Buildings-Pavilion
2002 Advance from City Fds 70,114.89 Landscaping
2002 Advance from City Fds (932.00) Sales Tax Refund
2003 Advance from City Fds 41,093.50 Consulting Engineers
2003 Advance from City Fds 15,857.59 Legal Fees
2003 Advance from City Fds 16,193.14 Landscaping
2003 Advance from City Fds 2,423.65 City Engineering Charges
2003 Advance from City Fds 583,148.07 Construction Contract
2003 RISE Grant (627,064.65) Received Nov. 27, 2002
2003 Land Contract 55,946.00 Land Contract Payment
2003 Land Contract 616,000.00 Balloon Payment-Seiger Farm
2003 Advance from City Fds (18,957.36) Sales Tax Refund
2003 Advance from City Fds (2,424.00) Alliant Payment-Chavanelle Rd
2004 Advance from City Fds 64,664.14 Legal Fees
2004 Advance from City Fds 1,500.00 Miscellaneous
2004 Advance from City Fds 14,068.80 Landscaping
2004 Advance from City Fds 3,370.73 City Engineering Charges
2004 Advance from City Fds 9,473.50 Terracon Environmental Contract
2004 Advance from City Fds 26,031.76 Construction Contract
2004 TIF Payments 266,667.00 Alliant No Interest Loan-3rd of 3 payments
2004 Land Contract 28,842.00 Land Contract Payment
2004 Land Contract 655,500.00 Balloon Payment-Bergfeld Farm
2005 Advance from City Fds 144.93 Signage
2005 Advance from City Fds 23,873.98 Legal Fees
2006 Advance from City Fds 623.70 Consultant Services
2007 Advance from City Fds 5,392.00 Consultant Services
2007 Advance from City Fds 2,245.00 Consultant Services
2008 Advance from City Fds 6,268.66 Legal Fees
2008 Advance from City Fds 175.00 Consultant Services
2008 Advance from City Fds 863.16 Abstract for Lot 1-2
2009 Advance from City Fds 2,009.33 Legal Fees
TOTAL PROJECT $11,106,155.76
LESS TIF REVENUE TO DATE ($4,654,273.41)
PROJECT REMAINING $6,451,882.35
7 MISCELLANEOUS REVENUE 1996 ($10,716.82) Interest Eamings
AND EXPENSE 1997 (18,184.84) Interest Eamings
1998 (18,551.61) Interest Eamings
1999 (16,445.37) Interest Eamings
2000 (41,742.38) Interest Eamings
2001 (24,358.72) Interest Eamings
2002 (14,850.85) Interest Earnings
2003 (7,731.02) Interest Eamings
2005 (8,439.58) Interest Eamings
2006 (10,479.06) Interest Eamings
. _ _.. 2007 (20,229.70) Interest Eamings
-- - _ _ .. _.. 2008 . .. . _:. _ _ _ .. (16,814.15) . Interest Eamings _ . _
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PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER
ECONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.9
PROJ. CITY FUNDING
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
2009 (1,609.17) YTD Interest Earnings
TOTAL PROJECT ($210,153.27)
APPLIED AGAINST PROJECTS $210,153.27
$0.00
SPEC BUILDING-WELTER D 2009-14 TIF Generated Revenue 259,690.00 Economic Dev. grant to Welter
2005 Actual Taxes Paid 14,448.46 Devl. for 10 years beginning
2006 Actual Taxes Paid 46,505.92 in FY 2005, no maximum
2007 Actual Taxes Paid 49,765.00 Estimate of 10 years of TIF payments
2008 Actual Taxes Paid 52,726.00
2009 Actual Taxes Paid 51,938.00
$475,073.38
LESS TIF REVENUE TO DATE ($215,383.38)
PROJECT REMAINING $259,690.00
9 McGRAW HILL CORPORATION Economic Dev. grant
for 10 years beginning
in FY 2005, no maximum
2002 Partial value on building January 1, 2002 value $2,712,780
2010-14 TIF Generated Revenue $1,634,808.70 January 1, 2003 value $9,292,660
2005. Actual Taxes Paid 293,558.96 Estimate of 10 years of TIF payments
2006 Actual Taxes Paid 303,534.58
2007 Actual Taxes Paid 344,129.24
2008 Actual Taxes Paid 327,234.28
2009 Actual Taxes Paid 326,961.74
TOTAL PROJECT $3,230,227.50
LESS TIF REVENUE TO DATE ($1,595,418.80)
PROJECT REMAINING $1,634,808.70
10 GIESE 2007-14 TIF Generated Revenue $215,280.00 Economic Dev. grant
2005 TIF Generated Revenue 41,139.64 for 10 years beginning
2006 TIF Generated Revenue 35,650.42 in FY 2005, no maximum
2007 TIF Generated Revenue 37,060.04 Estimate of 10 years of TIF payments
2008 TIF Generated Revenue 38,009.82 Estimate of 10 years of TIF payments
2009 TIF Generated Revenue 43,056.00 Est Estimate of 10 years of TIF payments
$410,195.92
LESS TIF REVENUE TO DATE ($194,915.92)
PROJECT REMAINING $215,280.00
11 VESSEL SYSTEMS 2004-09 TIF Bonds-Principal $43,311.49
2004-09 TIF Bonds-Interest 55,935.85
2010-15 TIF Bonds-Principal 96,688.51 TIF borrowing of $140,000
2010-15 TIF Bonds-Interest 26,960.47 to be repaid over 10 years
2006 Advance from City Fds 2,086.91 Legal Fees
$224,983.23
LESS TIF REVENUE TO DATE ($99,247.34)
PROJECT REMAINING $125,735.89
12 ADAMS COMPANY 2004-09 TIF Bonds-Principal $227,272.71
2004-09 TIF Bonds-Interest 89,355.00
2010-15 TIF Bonds-Principal. 272,727.29 TIF borrowing of $500,000
2010-15 TIF Bonds-Interest 38,793.47 to be repaid over 10 years
_ 2006 Reconciliation of Proceeds (21,590.25)
TOTAL PROJECT $606,558.22 -
LESS TIF REVENUE TO DATE ($316,627.71)
PROJECT REMAINING $289,930.51
13 DICW EXPANSION PROJECT 2004 Advance,from City Fds $105,378.75 Consulting Engineers
Incl Park/Trail & Synergy Court
2005 -Advance from City Fds --- -- 175,860.63 _-:, -
w~m
__.._
- --- - .
,Consulting Engineers.: - ~ - _
: j,._
._ ~_,_r_~-...
, ,u..zW.~.._...._.~~_~- _-_-. __ _. -....~-- - - - -
- ---
PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER
ECONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.9
PROJ.
# PROJECT TITLE
FY SOURCE CITY FUNDING
AMOUNT
USE OF DOLLARS
2005 Advance from City Fds 238,760.62 Construction Contract
2006 Advance from City Fds 1,391.27 Legal Fees
2009 Advance from City Fds 6,213.50 Consulting Engineers
2009 Advance from City Fds 16,609.24 Fill Placement
2005-09 TIF Bonds-Principal 435,000.00 Tax Exempt TIF borrowing of $4,270,000
2005-09 TIF Bonds-Interest 671,977.95 to be repaid over 16 years
2010-21 TIF Bonds-Principal 3,835,000.00
2010-21 TIF Bonds-Interest 1,361,689.99
2005-09 TIF Bonds-Principal 880,000.00 Taxable TIF borrowing of $2,995,000
2005-09 TIF Bonds-Interest 524,281.95 to be repaid over 11 years
2010-16 TIF Bonds-Principal 2,115,000.00
2010-16 TIF Bonds-Interest 439,250.01
TOTAL PROJECT $10,806,413.91
LESS TIF REVENUE TO DATE ($2,511,260.00)
PROJECT REMAINING $8,295,153.91
14 THEISEN SUPPLY INC. 2007-18 TIF bonds-principal $812,000.00 TIF borrowing of $812,000
2007-18 TIFhonds--interest 491,289.25 to be repaid over 10 years
$1,303,289.25
LESS TIF REVENUE TO DATE ($218,290.00)
PROJECT REMAINING $1,084,999.25
15 TRI-STATES 2010-17 TIF Generated Revenue $93,232.00 Economic Dev. grant
(HEELER FAMILY REALTY) 2008 TIF Generated Revenue 13,301.98 for 10 years beginning
2009 TIF Generated Revenue 11,654.00 in FY 2008, no maximum
Estimate of 10 years of TIF payments
$11 B,1 t37.9t3
LESS TIF REVENUE TO DATE ($13,301.98)
PROJECT REMAINING $104,886.00
16 P&L VENTURES 2010-18 TIF Generated Revenue $254,592.00 Economic Dev. grant
(NATIONAL DENTEX) 2009 TIF Generated Revenue 9,145.41 for 10 years beginning
$263,737.41 in FY 2009, no maximum
LESS TIF REVENUE TO DATE ($9,145.41) Estimate of 10 years of TIF payments
PROJECT REMAINING $254,592.00
17 SCHER REAL ESTATE 2010-18 TIF Generated Revenue $196,740.00 Economic Dev. grant
(DUBUQUE SCREW PROD.) 2009 TIF Generated Revenue 18,384.07 for 10 years beginning
$215,124.07 in FY 2009, no maximum
LESS TIF REVENUE TO DATE ($18,384.07) Estimate of 10 years of TIF payments
PROJECT REMAINING $196,740.00
18 GIESE PROPERTIES II 2010-19 TIF Generated Revenue $163,950.00 Economic Dev. grant
2009 TIF Generated Revenue 350.00 for 10 years beginning
$164,300.00 in FY 2009, no maximum
LESS TIF REVENUE TO DATE ($350.00) Estimate of 10 years of TIF payments
PROJECT REMAINING $163,950.00
19 ARTS WAY
20 KENDALLHUNT
2010-20 TIF Generated Revenue $260,505.00
~LbU,bUb.UU
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING $260,505.00
2010-20 TIF Generated Revenue $1,645,110.00
l ,445,11 U.UU
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING $1,645,110.00
Economic Dev. grant
for 10 years beginning
in FY 2010, no maximum
Estimate of 10 years of TIF payments
Ecoromic Dev. grant
for 10 years beginning
in FY 2010, no maximum
Estimate of 10 years of TIF payments
21 MEDLINE 2010-20 TIF Generated Revenue $232,845.00 Economic Dev. grant
for 10 years beginning
$232,845.00 in FY 2010, no maximum
-_ ... LESS TIF_REVENUE TO DATE .. -__.: $0.00 Estimate of 10 years of TIF payments __ _ _ :. .
- --- -- --- - -.PROJECT REMAINING ,,-~;$232,845.0.0 -.-,. -.- - -- --- - - - - - - - -
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PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER
ECONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.9
PROJ. CITY FUNDING
# PROJECT TITLE FY SOURCE AMOUNT
USE OF DOLLARS
22 HORMEL FOODS 2009 RISE Grant (2,120.00)
2009 Advance from City Fds 179,934.00
TOTAL PROJECT $177,814.00
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING $177,814.00
23 DICW EXPANSION PROJECT 2009 Advance from City Fds $4,323.60
"N. Siegert Farm 2009 Advance from City Fds 332,605.17
2009 Advance from City Fds 31,609.32
2009 TIF Bonds-Principal 20,000.00
2009 TIFBonds-Interest 10,486.56
2010-21 TIF Bonds-Principal 435,000.00
2010-21 TIF Bonds-Interest 145,300.00
2009 TIF Bonds-Principal 100,000.00
2009 TIF Bonds-Interest 76,144.38
2010-16 TIF Bonds-Principal 2,365,000.00
2010-16 TIF Bonds-Interest 796,775.00
TOTAL PROJECT $4,317,244.03
LESS TIF REVENUE TO DATE (206,630.94)
PROJECT REMAINING $4,110,613.09
GRAND TOTAL FOR URBAN RENEWAL AREA $25,294,382.43
Chavenelle Ct Construction Contract
Engineering Services
Property Acquisition with Improvements
Construction Contract
Tax Exempt TIF borrowing of $455,000
to be repaid over 15 years
Taxable TIF borrowing of $2,465,000
to be repaid over 10 years
I~ROJECT DESIGNATION: QUEBECOR
ECONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
PROJ.
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
1 QUEBECOR 2010-14 TIF revenue 64,584.05 Est. 10 year economic development
10 year economic rebate grant, no maximum
2005 Actual TIF Rebate 15,108.19
2006 Actual TIF Rebate 11,994.10
2007 Actual TIF Rebate 12,468.00
2008 Actual TIF Rebate 12,892.87
2009 Actual TIF Rebate 13,403.04
2005 Investment Earnings (157.93)
TOTAL PROJECT $130,292.32
LESS TIF REVENUE TO DATE ($65,866.20)
PROJECT REMAINING $64,426.12
GRAND TOTAL FOR URBAN RENEWAL AREA $64,426.12
PROJECT DESIGNATION: EAST 7TH STREET
ECONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
under Section 403.19(2)
PROJ.
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
1 MORRISON BROTHERS 1997 Advance from City Fds $15,747.00 Storm Sewer to building site
1997 Advance from City Fds 213.30 Legal Services
2000 TIF Revenue Obligation 18,119.66 Economic Development Grant for
2001 TIF Revenue Obligation 22,398.00 over 10 years based
2002 TIF Revenue Obligation 21,928.00 on min. assessment agreement
2003 TIF Revenue Obligation 19,509.42 No maximum
2004 TIF Revenue Obligation 14,561.78
2005 TIF Revenue Obligation 20,194.60
2006 TIF Revenue Obligation 41,306.40
2007 TIF Revenue Obligation 42,938.00
2008 TIF Revenue Obligation 37,496.82
2009 TIF Revenue Obligation 37,566.44
2006 Interest Earnings (32.56)
TOTAL PROJECT $291,946.86
LESS TIF REVENUE TO DATE ($275,693.64)
PROJECT REMAINING $16,253.22
PROJECT DESIGNATION: KERPER BOULEVARD INDUSTRIAL PARK .
EOONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
PROJ.
# PROJECT TITLE FY SOURCE AMOUNT
1 KERPER IND. PARK DEV
2 EAGLE WINDOW (ALLC)
1997 Advance from City Funds $8,342,25
1998 Advance from City Funds 1,131,351.68
1999 Advance from City Funds 47,302.17
1999 Advance from City Funds 541,947.80
2000 Advance from City Funds 609,819.75
2000 Advance from City Funds (92.76)
2000 Advance from City Funds 18.45
2000 Advance from City Funds 10,689.00
2000 Advance from City Funds 34,731.00
2000 Advance from City Funds 1,342.61
2000 Advance from City Funds 26,945.50
2001 Advance from City Funds 3,588.75
2001 Advance from City Funds 7,683.52
2001 Advance from City Funds 4,771.50
2001 Advance from City Funds 39,279.17
2001 Advance from City Funds (590.11)
2002 State Grant Funds (492,000.00)
2002 Advance from City Funds 3,194.58
2002 Advance from City Funds 3,185.00
2003 Advance from City Funds 112.50
2003 Advance from City Funds 300.00
2003 Advance from City Funds 1,144.30
2003 Advance from City Funds (2,455.78)
2004 Advance from City Funds 450.00
2004 Advance from City Funds 801.50
2004 Advance from City Funds 33,022.50
2004 Advance from City Funds (3,576.32)
2005 Advance from City Funds (6,345.27)
2005 Advance from City Funds 56,094.61
2006 Advance from City Funds (4,986.02)
2006 Advance from City Funds 2,736.00
2006 Advance from City Funds 1,239.14
2006 Advance from City Funds 3,259.08
2006 Advance from City Funds 509.42
2007 Advance from City Funds 1,930.00
2007 Advance from City Funds 1,851.00
2007 Advance from City Funds (8,543.24)
2008 Advance from City Funds (8,436.52)
2009 Advance from City Funds (1,230.95) YTD
TOTAL PROJECT $2,049,385.81
LESS TIF REVENUE TO DATE ($672,921.68)
PROJECT REMAINING $1,376,464.13
2010-12 TIF Revenue Bond Issue-Principal $1,260,440.77
2010-12 TIF Revenue Bond Issue-Interest 211,126.59
2000-09 TIF Bonds -Principal 1,908,097.29
2000-09 TIF Bonds -Interest 1,993,194.00
2000 Proceeds to Pay Debt (443,938.06)
2000 Proceeds for Legal Fees (24,600.00)
2000 Legal Fees on Debt 24,600.00
2002 State Grant Funds (692,000.00)
2003 Advance from City Funds 313,061.00
2004 Advance from City Funds 378,939.00
TOTAL PROJECT $4,928,920.59
LESS TIF REVENUE TO DATE ($3,457,353.23)
PROJECT REMAINING $1,471,567.36
USE OF DOLLARS
EnvironmentaUTaxes
Env./Dredging
Legal, Engineering, Taxes
Construction/Grading
Construction/Grad ing
Investment Earnings
Postage
Property Tax
Consulting Engineers
Legal Services
Consultant Services
Consulting Engineers
Consultant Services
Miscellaneous Services
Construction
Investment Earnings
Iowa Dept. of Econ Dev. Grant
Consultant services-environmental
Misc.--appraisal expense
Consultant services-environmental
Misc.-appraisal expense
Construction
Investment Earnings
Legal Services
City Engineering Services
Construction
Investment Earnings
Investment Earnings
Construction-Flynn Ready Mix Rail Spur
Investment Earnings
Consulting Engineers
Ballast for Railroad
Legal Fees
City Engineering Services
Trees
Legal Fees
Investment Earnings
Investment Earnings
Investment Earnings
Principal
Interest
Principal Paid
Interest Paid
Bond Funds for first 18 months debt
Bond Proceeds for Legal Fees
Legal Fees
Iowa Dept. of Econ Dev. Grant
Construction
Construction
GRAND TOTAL ~ $2,848,031.49
PROJECT DESIGNATION: KERPER BOULEVARD INDUSTRIAL PARK
ECONOMIC DEVELOPMENT DISTRICT
. Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19{2)
PROJ.
# PROJECT TITLE FY SOURCE AMOUNT
USE OF DOLLARS
1 KERPER IND. PARK DEV 1997 Advance from City Funds $8,342.25
1998 Advance from City Funds 1,131,351.68
1999 Advance from City Funds 47,302.17
1999 Advance from City Funds 541,947.80
2000 Advancefrom City Funds 609,819.75
2000 Advance from City Funds (92.76)
2000 Advance from City Funds 18.45
2000 Advance from City Funds 10,689.00
2000 Advance from City Funds 34,731.00
2000 Advance from City Funds 1,342.61
2000 Advance from City Funds 26,945.50
2001 Advance from City Funds 3,588.75
2001 Advance from City Funds 7,683.52
2001 Advance from City Funds 4,771.50
2001 Advance from City Funds 39,279.17
2001 Advance from City Funds (590.11)
2002 State Grant Funds (492,000.00)
2002 Advance from City Funds 3,194.58
2002 Advance from City Funds 3,185.00
2003 Advance from City Funds 112.50
2003 Advance from City Funds 300.00
2003 Advance from City Funds 1,144.30
2003 Advance from City Funds (2,455.78)
2004 Advance from City Funds 450.00
2004 Advance from City Funds 801.50
2004 Advance from City Funds 33,022.50
2004 Advance from City Funds (3,576.32)
2005 Advance from City Funds (6,345.27)
2005 Advance from City Funds 56,094.61
2006 Advance from City Funds (4,986.02)
2006 Advance from City Funds 2,736.00
2006 Advance from City Funds 1,239.14
2006 Advance from City Funds 3,259.08
2006 Advance from City Funds 509.42
2007 Advance from City Funds 1,930.00
2007 Advance from City Funds 1,851.00
2007 Advance from City Funds (8,543.24)
2008 Advance from City Funds (8,436.52)
2009 Advance from City Funds (1,230.95) YTD
TOTAL PROJECT $2,049,385.81
LESS TIF REVENUE TO DATE ($672,921.68)
PROJECT REMAINING $1,376,464.13
2 EAGLE WINDOW (ALLC) 2010-12 TIF Revenue Bond Issue-Principal $1,260,440.77
2010-12 TIF Revenue Bond Issue-Interest- 211,126.59
2000-09 TIF Bonds -Principal 1,908,097.29
2000-09 TIF Bonds -Interest 1,993,194.00
2000 Proceeds to Pay Debt (443,938.06)
2000 Proceeds for Legal Fees (24,600.00)
2000 Legal Fees on Debt 24,600.00
2002 State Grant Funds (692,000.00)
2003 Advance from City Funds 313,061.00
2004 Advance from City Funds 378,939.00
TOTAL PROJECT $4,928,920.59
LESS TIF REVENUE TO DATE ($3,457,353.23)
PROJECT REMAINING $1,471,567.36
GRAND TOTAL $2,848,031.49
Environmental/Taxes
Env./Dredging
Legal, Engineering, Taxes
Construction/Grading
Construction/Grading
Investment Earnings
Postage
Property Tax
Consulting Engineers
Legal Services
Consultant Services
Consulting Engineers
Consultant Services
Miscellaneous Services
Construction
Investment Earnings
Iowa Dept. of Econ Dev. Grant
Consultant services-environmental
Misc.--appraisal expense
Consultant services-environmental
Misc.--appraisal expense
Construction
Investment Earnings
Legal Services
City Engineering Services
Construction
Investment Earnings
Investment Earnings
Construction-Flynn Ready Mix Rail Spur
Investment Earnings
Consulting Engineers
Ballast for Railroad
Legal Fees
City Engineering Services
Trees
Legal Fees
Investment Earnings
Investment Earnings
Investment Earnings
Principal
Interest
Principal Paid
Interest Paid
Bond Funds for first 18 months debt
Bond Proceeds for Legal Fees
Legal Fees
Iowa Dept. of Econ Dev. Grant
Construction
Construction
PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT
(DOWNTOWN SUB AREAS: UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN)
(ICE HARBOR SUB AREAS A AND B)
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.79(2)
COMBINED GRAND TOTAL $83,385,587.39
PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT
(ICE HARBOR SUB AREAS A AND B)
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
PROJ
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
ICE HARBOR 1990-91 Advance from City Fds $394,266.00 Land Acquisition
DEVELOPMENT Advance from City Fds 22,152.00 Consulting Engineering
Advance from City Fds 6,555.00 Signage
Advance from City Fds 42,106.00 RR Relocation
Advance from City Fds 171,734.00 Sheet Piling
Advance from City Fds 24,042.00 Depot Improvements
Advance from City Fds 662,354.00 Parking Lots
Advance from City Fds 12,847.00 Pier Ramp
Advance from City Fds 36,443.00 Floodwall Improvements
Advance from City Fds 145,556.00 Cleanup and Clearance
Advance from City Fds 17,095.00 Overpass Stairs
1996-99 Advance from City Fds (5,730.48) Interest Earnings
2000 Advance from City Fds 8,981.70 Services from CED staff
2000 Advance from City Fds (848.73) Interest Earnings
2002 Advance from City Fds (700.42) Interest Eamings
2003 Advance from City Fds (333.18) Interest Eamings
2004 Advance from City Fds (609.52) Interest Eamings
2005 Advance from City Fds (3,131.56) Interest Eamings
2006 Advance from City Fds (1,484.70) Interest Earnings
2007 Advance from City Fds (19,356.41) Interest Eamings
2007 Advance from City Fds 3,817.00 Legal Fees
2008 Advance from City Fds 6,033.00 Legal Fees
2008 Advance from City Fds 2,000.00 Consultant Services
2006 Advance from City Fds 59,017.00 Stealth Racing Relocation Costs
2006 Advance from City Fds 10,000.00 Recognition Wall
2006 Advance from City Fds 37,000.00 Riverside Electric Senrice
2006 Advance from City Fds 85,810.00 Railroad PropertyBell St.
2006 Advance from City Fds 2,500.00 Appraisal Services
2006 Advance from City Fds 1,317.44 Legal Services
TOTAL PROJECT $1,719,431.14
LESS TIF REVENUE TO DATE ($1,719,431.14)
NET PROJECT $0.00
AMERICA'S RIVER PROJECT
2002-2022 G.O. Bond'Issue 12-01 9,500,000.00
2002-2022 G.O. Bond Issue 1-02 2,860,000.00
2002-2022 Interest 6,455,133.01 Interest exp. over life of bonds
2002-2022 Gaming Revenue-CIP (12,591,558.00) Gaming Revenue to Abate Debt
2003 Private Participation (672,375.00) County payment 1st yr interest
2003 Advance from City Fds 855.66 Legal Expense
2005 Advance from City Fds 1,966.80 Legal Expense
2005 Advance from City Fds 594.72 Consultant Services
2005 Advance from City Fds 99,778.00 Development Agreement -Platinum
2006 Advance from City Fds 73,704.00 Development Agreement -Platinum
2007 Advance from City Fds 116,996.00 Development Agreement -Platinum
2008 Advance from City Fds 132,734.00 Development Agreement -Platinum
2005-06 TIF Bonds -Principal 0.00 Actual Princpal Paid from TIF
2005-06 TIF Bonds -Interest 504,526.00 Actual Interest Paid from TIF
TOTAL PROJECT $6,482,355.19
LESS TIF REVENUE TO DATE ($1,443,105.81)
NET PROJECT $5,039,249.38
GRAND TOTAL $5,039,249.38
PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT
(DOWNTOWN SUB AREAS: UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN)
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
PROJ
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
1 SECURITY BUILDING 1983 Urban Renewal Bonds $360,000.00 Principal
RENOVATION 1983 Urban Renewal Bonds 205,787.48 Interest
1983 Urban Renewal Bonds (32,478.00) Capitalized Interest
TOTAL PROJECT $533,309.48
LESS TIF REVENUE TO DATE ($533,309.48)
• PROJECT REMAINING $0.00
2 TRILOG BUILDING 1990 Advance from City Fds. 38,612.79 Temporary Parking
1990 Advance from City Fds. 4,141.00 Landscaping
1990 Advance from City Fds. 18,210.72 Building Site Impr.
TOTAL PROJECT $60,964.51
LES S TIF REVENUE TO DATE ($60,964.51)
PROJECT REMAINING $0.00
3 HOTEL PROJECT 1991 108 Loan-HUD-8-14-90 $1,200,000.00 Principal
1992 108 Loan-HUD-8-14-90 395,139.06 Interest
1992 108 Loan-HUD-8-14-90 (38,776.18) Interest Earnings
1993 Advance from CDBG 58,000.00 Easement Purchase
TOTAL PROJECT $1,614,362.88
LESS TIF REVENUE TO DATE ($1,614,362.88)
PROJECT REMAINING $0.00
4 DOWNTOWN LOAN 1994 Advance from City Fds $260,000.00 Addition to loan pool
POOL-BLDG FACADES 1995 Current TIF Revenue 387,000.00 Addition to loan pool
1996 Current TIF Revenue 200,000.00 Addition to loan pool
1998 CurrentTlFRevenue 568,000.00 Addition to loan pool
1999 Current TIF Revenue 365,000.00 Addition to loan pool
2000 Current TIF Revenue 100,000.00 Addition to loan pool
2001 Current TIF Revenue 100,000.00 Addition to loan pool
2002 Current TIF Revenue 100,000.00 Addition to loan pool
2003 Current TIF Revenue 90,000.00 Addition to loan pool
2004 Current TIF Revenue 25,000.00 Addition to loan pool
2005 Cun-entTlF Revenue 25,000.00 Addition to loan pool
2007 Current TIF Revenue 300,000.00 Addition to loan pool
2008 CurrentTlFRevenue 200,652.00 Addition to loan pool
TOTAL PROJECT $2,720,652.00
LESS TIF REVENUE TO DATE ($2,720,652.00)
PROJECT REMAINING $0.00
5 ALLEYS /STREETS /CUR 1995 Advance from City Fds $153,165.65 Construction costs
RAMPS 1996 Advance from City Fds 17,133.01 Construction costs
1997 Advance from City Fds 18,643.35 Construction costs
TOTAL PROJECT $188,942.01
LESS TIF REVENUE TO DATE ($188,942.01)
PROJECT REMAINING $0.00
6 MARKET STUDY 1995 Advance from City Fds $29,600.00 Consultant
1996 Reimburse-Main St. Ltd. (4,600.00) Private Participation
TOTAL PROJECT $25,000.00
LESS TIF REVENUE TO DATE ($25,000.00)
PROJECT REMAINING $0.00
7 DOWNTOWN 1996 Advance from City Fds $35,898.73 Circulation Study
TRAFFIC CIRCULATION 1997 Advance from City Fds 30,287.70 Circulation Study
1998 Advance from City Fds 9,689.82 Circulation Study
1999 Advance from City Fds 20,272.00 Signal Changes
PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT
(DOWNTOWN SUB AREAS: UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN)
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
PROJ
# PROJECT TITLE FY SOURCE AMOUNT IICF n~ nni ~ eve
1999 Advance from City Fds 191,410.00 8th St.Opening Eng.
1999 Advance from City Fds 75,820.00 8th St. Opening Const.
2000 Advance from City Fds 129,198.88 8th St. Opening Const.
2010-21 G.O. TIF Bonds 735,000.00 Main St Opening 5th - 9th
2010-21 G.O. TIF Bonds-Int Exp 251,070.01 Main St Opening 5th - 9th
2001-09 GO TIF Bonds -Principal 265,000.00 Actual Principal Paid
2001-09 GO TIF Bonds -Interest 296,581.87 Actual Interest Paid
TOTAL PROJECT $2,040,229.01
LESS TIF REVENUE TO DATE ($1,054,159.00)
PROJECT REMAINING $986,070.01
8 UNDERGROUND WIRES 1997-98 Advance from City Fds $41,032.37 Construction Mangement
1999 Advance from City Fds 77,481.63 Wiring Contracts (20% of total cost)
2000 Advance from City Fds 1,830.63 Design
2000 Advance from City Fds 17,714.03 Construction-Wiring
TOTAL PROJECT $138,058.66 City reimbursed 80% through Grant
LESS TIF REVENUE TO DATE ($138,058.66)
PROJECT REMAINING $0.00
9 THOMPSON BUILDING 2001 TIF Funds $16,494.00 Economic Development Grant with
2003 TIF Funds 17,368.00 payments over 10 yrs @ $10,400/yr
2003 TIF Funds 18,873.62 to a maximum of $104,000
2004 TIF Funds 19,642.33
2005 TIF Funds 21,019.57
2006 TIF Funds 10,602.48 Final Payment
TOTAL PROJECT $104,000.00
LESS TIF REVENUE TO DATE ($104,000.00)
PROJECT REMAINING $0.00
10 PARKING SYSTEM EXP. 1999 Advance from City Fds $89,977.63 Appraisals, Land Acq., Demolition
2000 Advance from City Fds 314,908.27 Merchants &Dolans Demo. Related
2000 Rents and Concessions (1,975.00) Merchants
2000 Property Tax Sale Rel (2,310.00) Merchants
2001 Environmental Testing 4,895.00 Merchants/Dolans Sites
2007 Bond Refunding (5,047.00) 2006C Adv Refunding Bond Savings
2010-20 GO TIF Bonds-Principal 4,635,000.00 20 Yr GO Bonds sold for new 3rd Street Ramp
2010-20 GO TIF Bonds-Interest 1,810,391.00 20 year Interest expense on GO Bonds
2001-09 GO TIF Bonds-Principal 1,016,565.50 Actual Principal Paid
2001-09 GO TIF Bonds -Interest 1,505,174.97 Actual Interest Paid
TOTAL PROJECT $9,367,580.37
LESS TIF REVENUE TO DATE ($4,688,266.16)
PROJECT REMAINING $4,679,314.21
11 MISCELLANEOUS TIF FD 1996 ($27,418.67) Interest Earnings
REVENUES AND EXP. 1997 (9,903.88) Interest Eamings
1998 (915.59) Interest Earnings
1999 (2,112.32) Property Tax-Sale Related
1998 Advance from City Fds 988.80 Legal Fees
1999 (6,340.00) Interest Eamings
1999/00 Advance from City Fds 3,938.90 Legal Fees
2001 (236.45) Interest Eamings
2003 Advance from City Fds 1,109.79 Legal Fees
2005 Combining of TIF Districts 1,966.79 50% Legal Fees
_ _ _ _ 2006 Advance from City Fds 2,681.79 Legal Fees
- - - .. _ . _ _ _ ., _ 2006 Advance from City Fds ; _
_ ,~,_ _ 623.70
- .Consultant Services .. _ _ . _ _ _
_
----T-~-.---~-
_
._.
PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT
(DOWNTOWN SUB AREAS: UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN)
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
PROJ
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
2008 Advance from City Fds 2,000.00 Plat to Vacate Alley
2008 Advance from City Fds 9,375.67 Legal Fees
2009 Advance from City Fds 2,545.08 Legai Fees
TOTAL PROJECT ($21,696.39)
OFFSET TO PROJECTS $21,696.39
$0.00
12 PRUDENTIAL PROJECT 2000 Advance from City Fds $1,500.00 10 years economic development
(CIGNA) 2003 Cigna Tax Payments-TIF 263,198.00 grant with no maximum
2004 Cigna Tax Payments-TIF 264,537.12
2005 Cigna Tax Payments-TIF 282,549.52
2006 Cigna Tax Payments-TIF 279,665.48
2007 Cigna Tax Payments-TIF 317,071.00
2008 Cigna Tax Payments-TIF 330,686.38
2009 Cigna Tax Payments-TIF 330,409.02
2010-11 Cigna Tax Payments-TIF 991,227.06 Est.
TOTAL PROJECT $3,060,843.58
LESS TIF REVENUE TO DATE ($2,069,616.02)
PROJECT REMAINING $991,227.56
13 COTTINGHAM & BUTLER 2004-05 TIF revenues generated $27,666.22 Historic Preservation Rebate program
2006-07 by project-1st 4 yrs 100% 49,377.00 Est. Defined tax rebate program over 8 yrs
2008 5th Year 75% 19,983.75 Est. January 1, 2001 base value=$58,850
2009 6th Year 50% 20,854.42 Est. January 1, 2002 value = $197,690
2010 7th Year 25% 6,661.25 Est. January 1, 2003 value = $747,180
TOTAL PROJECT $124,542.64
LESS TIF REVENUE TO DATE ($117,881.39)
PROJECT REMAINING $6,661.25
14 BRICKTOWN 2005 TIF revenues generated $16,934.06 Historic Preservation Rebate program
2006-08 by project-1st 4 yrs 100% 61,340.54 Est Defined tax rebate program over 8 yrs
2009 5th Year 75% 16,841.40 Increment value of $564,190
2010 6th Year 50% 11,227.60 Est
2011 7th Year 25% 5,613.80 Est
TOTAL PROJECT $111,957.40
LESS TIF REVENUE TO DATE ($95,116.00)
PROJECT REMAINING $16,841.40
15 HEARTLAND FINANCIAL 2006 Heartland TIF Payment $30,554.49
2007 Heartland TIF Payment $68,467.00
2008 Heartland TIF Payment $70,800.41
2009 Heartland TIF Payment $70,931.86 Est. Economic development rebate program
2010-15 TIF revenues generated 425,591.16 Est. over 10 years commencing with
by project over 10 yrs 12-1-05 TIF filing
TOTAL PROJECT $666,344.92
LESS TIF REVENUE TO DATE ($240,753.76)
PROJECT REMAINING. $425,591.16
16 KUNKEL-BRIGGS 2004 TIF bonds-principal $182,000.00 TIF bonds to be repaid over
(LOWER MAIN) 2004 TIF bonds-interest 111,816.66 10 years
...... - -. .:._...$293,816.66
- ; - - - -- .- LESS TIF REVENUE TO DATE__ .__.._($93,098.00) ... -
- --
,;..~. ,.
_ ~- _ - _ Li. 1. 5 ,Nw,b - ,+sc.T~;_~h'.f __
., ..:,. s
r
s_r 1.. ti•.. .~... ..v vii - r ~_-. a _ _
....-~ ~ _..__. .~~ ~ ____. ___._ .. _ ~ .S_ __
PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT
(DOWNTOWN SUB AREAS: UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN)
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
PROJ
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
PROJECT REMAINING $200,718.66
17 FEDERAL BUILDING 2007 Advance from City Fds $1,097.44
RENOVATION 2007 Advance from City Fds 4,535.35
2007 Advance from City Fds 235,583.34
2007 Advance from City Fds 23,276.93
2007 Advance from City Fds 530,937.90
2007 Advance from City Fds 1,587.12
2006 Advance from City Fds 215.00
2008 Advance from City Fds 83,371.23
2008 Advance from City Fds 86,880.39
2008 Advance from City Fds 197,413.80
2008 Advance from City Fds 30,659.33
2008 Advance from City Fds 15,176.31
2008 Advance from City Fds 1,695,556.99
2008 Advance from City Fds 200,710.43
2008 Advance from City Fds 1,946.22
2008 Advance from City Fds 3,090.34
TOTAL PROJECT $3,112,038.12
LESS TIF REVENUE TO DATE ($140,988.86)
PROJECT REMAINING $2,971,049.26
18 PORT OF DUBUQUE 2007 Advance from City Fds 12.52
PARKING RAMP 2007 Advance from City Fds 5,181.20
2007 Advance from City Fds 4,000.00
2007 Advance from City Fds 9,705.98
2008 Advance from City Fds 2,768.53
2008 Advance from City Fds 16,309.05
2008 Advance from City Fds 57,936.11
2009 Advance from City Fds 21,920.90
` 2009 Advance from City Fds 13,654.38
2008 Advance from City Fds 6,350,000.00
2008 Private Participation (6,350,000.00)
2008 TIFbonds-principal 23,025,000.00
2008 TIF bonds-interest 35,841,421.88
TOTAL PROJECT $58,997,910.55
LESS TIF REVENUE TO DATE ($18,900.00)
PROJECT REMAINING $58,979,010.55
19 MCGRAW HILL
PARKING LOT
2007 Advance from City Fds $84.00
2007 Advance from City Fds 55,502.77
2007 Advance from City Fds 1,016.00
2007 Advance from City Fds 15,661.38
2008 Advance from City Fds 16,614.64
2008 Advance from City Fds 73,081.00
2008 Advance from City Fds 296,223.67
2008 Advance from City Fds 5,184.26
2008_ Advance from City Fds 53,604.50
2009 Private Participation (8,815.00)
2009 Advance from City Fds 19,367.66
TOTAL PROJECT $527,524.88
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING . $527,524.88
Miscellaneous Services
Miscellaneous Services
Consulting Services
Engineering Div. Services
Construction
Lead Paint Inspection
Construction
Miscellaneous Services
Consulting Services
Furniture
Signage
Telephone Equipment
Telephone Equipment
Equipment
Engineering Div. Services
Lead Paint Inspection
Legal Notices
Legal Fees
Data Collection
Engineering Div. Services
Miscellaneous
Legal Fees
Engineering Div. Services
Engineering Div. Services
Legal Fees
Construction
Diamond Jo payment
TIF bonds to be paid over 30
years with minimum assessment
Legal Fees
Consultant Services
Building Plans
Engineering Division Services
Consultant Services
Electrical Equipment
Construction of Lot
Engineering Division Services
_Landscaping _ . _
Landscaping
.__ . _. L - - - ~ ..
.. _ u. ~ r.:.... _
f,._ _. - - ---- -~ --. ..
- -_ r_.... ~... - - - -
PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT
(DOWNTOWN SUB AREAS: UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN)
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
Under Section 403.19(2)
P ROJ
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
20 MCGRAW HILL II 2009 McGraw Tax Payments-TI 50,842.14 10 years economic development
2010-19 McGraw Tax Payments-TI 3,428,188.92 Est. grant with no maximum
TOTAL PROJECT 3,479,031.06
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING 3,479,031.06
21 HARTIG 2010 Hartig Tax Payments-TIF 16,895.36 10 years economic development
2011-20 Hartig Tax Payments-TIF 152,058.24 Est. grant with no maximum
TOTAL PROJECT 168,953.60
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING 168,953.60
22 PORT OF DBQ 2010 Adams Tax Payments-TIF 24,119.10 10 years economic development
ADAMS COMPANY 2011-20 Adams Tax Payments-TIF 217,071.90 Est. grant with no maximum
TOTAL PROJECT 241,191.00
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING 241,191.00
23 GERMAN BANK 2010 German Tax Payments-TII 6,604.28 10 years economic development
2011-20 German Tax Payments-TII 59,438.52 Est. grant with no maximum
TOTAL PROJECT 66,042.80
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING 66,042.80
24 STAR BREWERY 2010 Star Tax Payments-TIF 99,443.82 10 years economic development
2011-20 Star Tax Payments-TIF 894,994.38 Est. grant with no maximum
TOTAL PROJECT 994,438.20
LESS TIF REVENUE TO DATE $0.00
PROJECT REMAINING 994,438.20
25 KEPHARTS BUILDING
IMPROVEMENTS 2009 TIFbonds-principal 377,055.00 TIF bonds to be paid over 15
2009 TIF bonds-interest 129,637.91 years
TOTAL PROJECT $506,692.91
LESS TIF REVENUE TO DATE ($23,321.86)
PROJECT REMAINING $483,371.05
26 LIBRARY RENOVATIONS 2009 TIF bonds-principal 2,457,945.00 TIF bonds to be paid over 15
2009 TIF bonds-interest 845,083.23 years
TOTAL PROJECT $3,303,028.23
LESS TIF REVENUE TO DATE ($152,030.48)
PROJECT REMAINING $3,150,997.75
GRAND TOTAL FOR URBAN RENEWAL AREA $92,425,759.08
LESS TIF REVENUE TO DATE ($14,079,421.07)
PROJECT REMAINING $78,346,338.01
PROJECT DESIGNATION: SWISS VALLEY
ECONOMIC DEVELOPMENT DISTRICT
Schedule 1
Indebtedness Qualifying for Tax Increment Reimbursement
under Section 403.19(2)
PROJ.
# PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS
1 SWISS VALLEY 1999
COMPANY EXPANSION 2000 TIF Revenue Obligation $0.00 Economic Dev. Grant of $168,940
2000 Rebate
Investment Earnings $0.00
(10
06) payments over 10 yrs based
on min
2001
Rebate . . assessment agreement
2001
Investment Earnings 0.00
(27.14) est. to generate $16,894 per yr.
but will be based on actual rev
2002
Rebate
0.00 .
2002 Investment Earnings (22.28)
2003 Rebate 0.00
2003 Investment Earnings (13.62)
2004 Rebate 0.00
2005 Rebate 0.00
2006 Rebate 1,309.42
2007 Rebate 2,036.00
2008 Rebate 1,885.00
TOTAL PROJECT $5,157.34
LESS TIF REVENUE TO DATE ($5,157.34
PROJECT REMAINING $0.00
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