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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 _ . _ ..-' :_.~. '_ _ +e i "~ H e s r ^ _. ._- e-Vii • ~-c.. -a.ti ._ - + hM" __ _ - ~ wn Y _._ .. . . ~_~ . . . . ~.. ; . r -?. .. 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 -.-,. -.- - -- --- - - - - - - - - - ,-._, ~. ~~ 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 .. ., •-= - M a _~ tZ EK _e.'.~4Y_ ~_.ycr- "_Ya A' ~a'~Tk ~:...-'4 Y' -~' F _r..3+ ~._+.~+]°i. ..~ila5r.<- ~ __