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Annual Tax Increment Financing Report 20092007 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: 2009 Annual Tax Increment Financing Report DATE: December 14, 2009 Economic Development Director Dave Heiar has provided a copy of the 2009 Annual Tax Increment Financing Report. Also included is Budget Director Jennifer Larson's annual urban renewal project report that is filed with County Auditor Denise Dolan by December 1 of each year. Michael C. Van Milligen MCVM:jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager David Heiar, Economic Development Director i THE CITY OF Dubuque D-uB E Masterpiece on the Mississippi 2007 TO: Michael Van Milligen, City Manager FROM: David Heiar, Economic Development Directo~ SUBJECT: 2009 Annual Tax Increment Financing Report DATE: December 9, 2009 Introduction This memorandum transmits to the City Council the 2009 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 State 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 1983-2009, the City approved assistance to 51 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 2009, 3 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. The Dubuque Industrial Center Subarea B expires in 2019 and Dubuque Industrial Center South district expires in 2018. 2009 Private TIF Projects The City finalized 3 projects in 2009. The following is a description of each project organized by Urban Renewal Area. Two projects located in the Greater Downtown Urban Renewal District have been finalized. The first is a $39,000,000 renovation of the Historic Roshek Building to facilitate an IBM IT service delivery center. They have committed to creating 1,300 new positions in the building. A $300,000 loan was provided for the project. The second project is the redevelopment of the former Higley Chemical Building located at 40 Sounth Main Street. This project is expected to cost $24 million and will receive the proceeds of a 10-year TIF bond amounting to $690,529. Half of the bond proceeds were given to the project as a grant and the other half is a zero interest loan. The third project has been finalized in the Dubuque Brewing & Malting District. Dubuque Stamping and Manufacturing will be retaining 161 jobs and creating an additional 10 jobs related to an expansion of their facility. The total project cost for this expansion is $3,000,000 and the company will receive a 10-year TIF rebate. In FY2009, a combined $350,000 of TIF revenue was placed into the Downtown Rehabilitation Loan pool, Design Grant, and Facade Grant Programs. The Council did not approve any new loans this year, but a significant waiting list for loans still exists. 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. Many property owners and developers have inquired about this program, but the long waiting period is deterring them from applying. 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 $157,393,744. This includes both public and private projects. Through FY2009, the City has received $35,278,622.81 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 26-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 2009 Annual TIF Report. attachments F:\USERS\Econ Dev\TIF\TIF Report12009\TIFREPORTmemo 2009.docx TIF Chronology - 24 Years of Private Investment Year Company AmountlType of TIF Estimated TIF Generation 1983 Security Building $ 360,000 Bond* $533,309 interest/fees 1988 Metrix $ 125,000 Bond $154,722 with interest/fees 1991 Nordstrom $1,000,000 Bond $1,302,072 with interest/fees Clarion Hotel $1,200,000 Bond $1,614,363 with interest/fees 1996 Precision Tool $ 115,000 Rebate** 1997 Weber Paper $ 150,000 Rebate Swiss Valley Farms 10 yr. Rebate '`** $0 ^ 1998 Morrison Bros. 10 yr. Rebate $187,000 TFM $ 104,000 Rebate 1999 Eagle Window & Door $3,200,000 Bond $4,928,921 with interest/fees Advanced Data-Comm $ 900,000 Bond $1,104,350 with interest/fees CarteGraph $ 360,000 Bond $457,728 with interest/fees CIGNA/Prudential 10 yr. Rebate $2,700,000 2000 DAIDC Spec Building 10 yr. Rebate $406,000 2001 McGraw-Hill 10 yr. Rebate $2,800,000 2002 Giese Manufacturing 10 yr. Rebate $290,000 Heartland Financial 10 yr. Rebate $478,000 Quebecor World 10 yr. Rebate $600,000 2004 Vessel Systems $ 140,000 Bond $222,896 with interest/fees Adams Company $ 500,000 Bond^^ $628,148 with interest/fees Weber Building $ 150,000 Bond $297,102 with interest/fees 2005 Tri-State Industries 10 yr. Rebate $372,000 2006 McGraw-Hill 10 yr. 100% Rebate*** $5 400 000 Kunkel Bounds 10 yr. 100% Rebate*** , , $300 000 Giese Manufacturing II 10 yr. 100% Rebate*** , $225 000 Dubuque Screw 10 yr. 100% Rebate'`** , $300 000 Highway 151/61 10 yr. 100% Rebate , dependent on development Dubuque Star Brewery 10 yr. 100% Rebate*'~'` $1 950 000 National Dentex 9 yr. 100% Rebate , , $351,000 Conlon Johnson 10 yr. 82% Rebate $774,000 Hartig Drug 10 yr. 60% Rebate $90,000 Theisen Supply $ 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 2009 40 Main, LLC IBM Dubuque Stamp TOTAL: Downtown Rehab Loan Program Private economic development projects 9 yr. 100% Rebate 9 yr. 100% Rebate $23,025,000 30 yr. Ba 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 int/fees $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 $600,000 10 yr. Bond»$690,526 with int/fees 20 yr. 100% Rebate $3,584,447 10 yr. 100% Rebate $900,000 $ 119,112,091 + 6,375,431 $ 125,487,522 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. r > 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. » Bond proceeds were given to the project half as a grant and half as a zero interest loan. F:\USERS\Adejong\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 40 Main, LLC IBM 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) Fagade 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 7t" Street Morrison Bros. Morrison Bros. II Swiss Valley 1(closed out) Swiss Valley 2 Swiss Valley Farms Quebecor Quebecor World Dubuque Brewing 8~ Malting Dubuque Stamping & Manufacturing Dubuque Corporate Center (closed out) F:\USERS1Econ Dev\TIF\TIF Report\2009\Econ Dev Projects.docx N N N N N N ~ ~ s ~ ~ ~ ~ ~~ O O O O O O CO CO CO O CD O CO CO y ~ COJi ~ N O O c0 c0 c0 CO c0 Oo Oo aD ~ O CO 00 V O ~ 00 O W V W a) V d7 O O (a ~ ~ ~ ~ ~ ~ O O O O ~ ~ -+ O ~ O ~ O ~ ~ ~ ~ -' ~ V lT CT W O O O ~ ~ N -~ ~ ~ \ C\O C\O ~ f\O CEO ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 41 CD N N N N N N CT CO O A CJ7 CNJi OD 00 ~ CT (A ~ ~ O CD 000000 ~ 000 O O C~OC~OC~OC~O CEO ~ CEO pp 0 0 0 0 0 0 O 000000 00 N NN s O CO COOOCO 00 0 s 7 v=vL7T.~ ~ ~D< p=~ ~ ~ nc~Dm -~~ cn ~ nz ~ ~ ~ 1] ~ .O N N N N ~ y CD ~ ~ 0/ ~ ~ Z ~ j N y' N 0) y' O N X y ~_ C C ~ ~ C) ~ ~ C O ~ O ~ CO `~ CD p~ W ~ fD ~ C7 ~ O d 01 ~ ~ ~ N ~ < 7 ~ ~ O = O ~ `< s ~ O = C O K ~ = 0) ~ 'O G ~ N _ ~~ ~,~ a a3 ~ ?!~ = m n?vo o ~ m o rn~ m W Wrn~~v°i a, ~v~ v~ ~ ~ ~~ y ~~ °- n Q-o m ~ cu ~ w ~. ~ ~ v. ~ Q, v °° ~ cn ~ N CD y N tp. ~ O p y 0) ~ 7 _ ~ O ~ v ~ ~ O N ~ D ° - v v ~ ° n `D n m a D to t~v ~ to ~ t~ ~» ~ ~ tsi rn ~ ts~ t~ to ~ ~ ~ ~» tsi ~ v+ ~ to to ~ O co n _ _ _ _ ~ -' ~ O s N N -+ ~ CT ~ O ~ O N O CT ~ N CT ~ CD CT A ~ N (T O V 00 as 0000 000 O ? 0000 W O CT N ~ --~O W C O O C T O O O O O O O O O O O O O O O O O O O O O O O C p O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O 0 0 0 0 O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O b9 D b9 Efl Efl &9 Efl b9 EA &9 ffl b9 Efl &9 b9 b9 {-~ b9 69 Efl 69 ffl Efl 4fl ffl ffl 69 EA 69 D Z ~ ~ N N W -~ ~ 3 Cp O W N W A W ~ Ut ~ O? 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T f6 ~ t O f6 --• 7 y U ~ O C ~ N N 7 ~ ~ td ~ ~ L O N U N U y ~ O w ~ ~ ~ ~ Q C ~ O U ~ ~ O m C ~ f6 O y O N N N ~ ~ ~ C N N N N N ~ orn~ E ~ y C LL ~ ~ O ~ ~ rn o N y N m y ~ C w... C C N C O ,~ ~ O -p ~ (0 l3 N ~ ~ (6 N O O O ~ y C C C O O ~ ~ ~U N N ~ ~ O V U U ~ U ~~~ y ~. ~ M ~ d U x ~ < < A 01 0 N d m ~. THE CITYOF ~ Dubuque -^... ~~ EI All-AmedcaC~y Masterpiece on the Mississippi 2007 December 1, 2009 TO: Michael C. Van Milligen, City Manager Jeanne Schneider, City Clerk Ken Tekippe, Finance Director David Heiar, Economic Development Director FROM: Jennifer Larson, Budget Director~,(~ SUBJECT: FY 2011 Annual Tax Increment Financing Report The Annual Tax Increment Financing Report for FY 2011 has been filed with Dubuque County Auditor Denise Dolan pursuant to the Code of Iowa, Section 403.19(2). This report includes all cumulative expenditures eligible for tax increment reimbursement for each TIF district, and reflects the total tax increment cumulative revenue received through FY 2009 and the amount estimated to be received in FY 2010. Should you have questions on the attached report, please feel free to contact me. 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 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 1st day of December Signat a of Authorized Official 2009 563-589-4110 i"elephone 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: miernai roan - rcerper Industrial Nark uevelopment: Interest Earnings Received Amount Reduced: 8,870 Total Reduction In Indebtedness For This Urban Renewal Area: g~870 Dated this 1st day of December 2009 563-589-4110 Signatu a 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: East 7th Street Economic Develo ment 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*: ~ 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 1st day of December 2009 ----- Signature of Authorized Official 563-589-4110 Telephone CITY TIF FORM 2 SPECIFIC DOLLAR REQUEST FOR AVAILABLE TIF INCREMENT TAX REVENUE FOR NEXT FISCAL YEAR CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year Where Less Than The Maximum 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 next fiscal year and for the Urban Renewal Area within the City and County named above, the City requests less than the maximum available TIF increment tax revenue as detailed below. Provide sufficient detail so that the County Auditor will know how to specifically administer your request. For example you may have multiple indebtedness certifications in an Urban Renewal Area, and want the maximum revenue for rebate agreement property that the County has segregated into separate taxing districts, but only want a portion of the available increment from the remainder of the taxing districts in the Area. Specific Instructions To County Auditor For Administering The Request That This Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Revenue: THERE IS NO OUTSTANDING DEBT IN URBAN RENEWAL AREA 31017 IN FY 2011 Dated this 1st day of December Amount Requested: 0 2009 563-589-4110 Signat re 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 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*: $ 383,429 *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 1st day of December Signatur of Authorized Official 563-589-4110 Telephone 2009 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 - L & J Properties (Entegee) 07/01/2009 362,827 10 Year Rebate with no maximum. x~'X' this box if a rebate agreement. List administrative details on lines above. 2. Economic Development Agreement -Kunkel Bounds 07/01/2009 20,602 Increased assessed value increased rebate payments 2010-2019 ~'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~'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: 383,429 " "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 Develo merit 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 Economic Development Agreement - L & J Properties (Entegee) -Assessed Value Less than Projected Amount Reduced: 6,034 6,594 1,116 18,754 Total Reduction In Indebtedness For This Urban Renewal Area: 32,497 Dated this 1st day of December 2009 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: 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"`: $ 3,689,930 *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 1st day of December 2009 563-589-4110 Signature of Author' ed Official 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 /2009 2,609 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 /2009 81,107 10 Year Economic Development grant, no maximum. Increased assessed value which increased rebate payment FY 10-14 Q'X' this box if a rebate agreement. List administrative details on lines above. 3. Economic Development Agreement -Spec Building Welter Development 07/01/09 Increased assessed value which increased rebate payment FY 10-14 13,429 Q'X' this box if a rebate agreement. List administrative details on lines above. 4. Economic Development Agreement -McGraw Hill Corp 07/01 /09 12,596 Increased assessed value which increased rebate payment FY 10-14 Q'X' this box if a rebate agreement. List administrative details on lines above. 5. Internal Loan - DICW Expansion -Synergy Court 07/01 /2009 28 792 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: 138,534 * "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 Approved'`: Total Amount: 6• 07/01/2009 28,805 Economic Development Agreement -Arts Way _ Increased assessed value which increased rebate payment FY 11-20 Q'X' this box if a rebate agreement. List administrative details on lines above. 7• 07/01 /2009 Economic Development Agreement - Tri-States (Heller Family Realty) Increased assessed value which increased rebate payment FY 11-17 Q'X' this box if a rebate agreement. List administrative details on lines above. 8. Economic Development Agreement - P&L Ventures (National Dentex) 07/01/2009 Increased assessed value which increased rebate payment FY 11-18 Q'X' this box if a rebate agreement. List administrative details on lines above. 9. Internal Loan - Chavenelle Ct. Extension to Hormel Foods 07/01/2009 Additional Engineering Division Services and Construction ~'X' this box if a rebate agreement. List administrative details on lines above. 10. Internal Loan - DICW Expansion -North Siegert Farm 07/01/2009 ROW Purchase ~'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. 159, 835 2;064 62,852 75,047 Total For City TIF Form 1.1 Page 2: 328,603 '"'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: Dubuque Industrial Center Economic Develo ment 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: 11.2009 Tax Exempt Borrowing for North Siegert Farm 07/01/2009 2,919,453 Repaid over 20 Years ~'X' this box if a rebate agreement. List administrative details on lines above. 12. Economic Development Agreement -Spiegel Spec Building 10 Year Economic Development grant, no maximum. x0'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 /2009 303,340 Total For City TIF Form 1.1 Page 3: 3,222,793 * "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: r=conomic uevelopment Agreement -Scher Real Estate: Decreased assessed value Internal Loan -County Farm Industrial Site Development: Interest Earnings Received Economic Development Agreement -Giese Properties II: Decreased assessed value 2008 Tax Exempt Bonds North Siegert Farm Development: Interest Earnings Amount Reduced: 1,375 21,062 350 52,042 Total Reduction In Indebtedness For This Urban Renewal Area: ~ 74,828 Dated this 1st day of December 2009 563-589-4110 Sign ture 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: Swiss Valley Economic Develo ment 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 1st day of December 2009 Signature of Authorized Official 563-589-4110 telephone CITY TIF FORM 2 SPECIFIC DOLLAR REQUEST FOR AVAILABLE TIF INCREMENT TAX REVENUE FOR NEXT FISCAL YEAR CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year Where Less Than The Maximum 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 next fiscal year and for the Urban Renewal Area within the City and County named above, the City requests less than the maximum available TIF increment tax revenue as detailed below. Provide sufficient detail so that the County Auditor will know how to specifically administer your request. For example you may have multiple indebtedness certifications in an Urban Renewal Area, and want the maximum revenue for rebate agreement property that the County has segregated into separate taxing districts, but only want a portion of the available increment from the remainder of the taxing districts in the Area. Specific Instructions To County Auditor For Administering The Request That This Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Revenue: I FitKt IS NU OUTSTANDING DEBT IN URBAN RENEWAL AREA 31019 IN FY 2011 Dated this 1st day of December Amount Requested: 0 2009 ~~'- 563-589-4110 Signatur 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*: $ 5,420 *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 1st day of December ~ 563-589-4110 Slgnatur of Authorized Official Telephone 2009 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 07/01/09 4,150 Increased assessed value which increased the rebate payment FY 2011-2014 x0'X' this box if a rebate agreement. List administrative details on lines above. 2. Economic Development Agreement -Quebecor 07/01/09 Legal Services x~'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 1,270 5,420 * "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: 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": $ 1,519,793 *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 1st day of December 2009 563-589-4110 Si nature of Authorized Official 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) Ilndividual TIF Indebtedness Type/Description/Details: Date Approved'`: Total Amount: 1. Downtown Loan Pool -Building Facades 07/01/2009 177,860 Additional TIF Revenue added to the loan pool for downtwon rehab [~'X' this box if a rebate agreement. List administrative details on lines above. 2. Internal Loan -Port of Dubuque Parking Ramp 07/01/2009 49,ggg 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 07/01/2009 173,352 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 07/01/2009 100 Landscaping ~'X' this box if a rebate agreement. List administrative details on lines above. 5. Economic Development Agreement - Bricktown 07/01/2009 373 Increased assessed value which increased rebate payment in FY 10-11 x~'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: 401,583 * "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: Greater Downtown Urban Renewal Pro'ect 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: 6. Kephart's Building Renovation -Internal Loan 07/01/2009 Additional Construction 152,210 x[~'X' this box if a rebate agreement. List administrative details on lines above. 7. Economic Development Agreement-IBM 07/01/2009 10 Year TIF rebate payment with no maximum. 125,000 x[]'X' this box if a rebate agreement. List administrative details on lines above. 8. Main Street Streetscape -Internal Loan 07/01/2009 Engineering Division Fees 8,751 ~'X' this box if a rebate agreement. List administrative details on lines above. 9. Millwork Streetscape -Internal Loan 07/01/2009 Engineering Division Fees & Consulting Fees 17,827 []'X' this box if a rebate agreement. List administrative details on lines above. 10. Millwork Street Reconstruction -Internal Loan 07/01/2009 Engineering Division Fees & Consulting Fees 71'989 xn'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: 375,777 " "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 -Dubuque Stamp 07/01/2009 83,644 Increase in Assessed Value increased rebate payments 2010-2020 xQ'X' this box if a rebate agreement. List administrative details on lines above. 12. Economic Development Agreement -Interstate Building 07/01/2009 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 - C&B Security Building 07/01/2009 10 Year TIF rebate payment with no maximum xQ'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. 169,952 488,837 Total For City TIF Form 1.1 Page 3: 742,433 * "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: 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 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 -Greater Downtown On Site Improvements: Interest Earnings Received Economic Development Agreement -Prudential Project (Cigna): Assessed Value Decrease Economic Development Agreement - Cottingham & Butler: Assessed Value Decrease Economic Development Agreement -Heartland Financial: Assessed Value Decrease 2008 Urban Renewal Bonds -Port of Dubuque Parking Ramp: Interest Earnings Received Economic Development Agreement -McGraw Hill II: Assessed Value Decrease Economic Development Agreement - Hartig: Assessed Value Decrease Economic Development Agreement -German Bank: Assessed Value Decrease Economic Development Agreement -Star Brewery: Assessed Value Decrease 2009 Urban Renewal Bonds - Kephart's Building Improvements: Interest Earnings Received Amount Reduced: 368,755 325,316 6,369 2,051 425,098 16,521 6,807 32 479 6,119 Total Reduction In Indebtedness For This Urban Renewal Area: 1,157,546 Dated this 1st day of December 2009 ~~ 563-589-4110 Signature of Authorized Official Telephone 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 1 KERPER IND. PARK DEV 1997 Advance from City Funds 342 $8 25 1998 Advance from Ci 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#rom 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 (8,430.94) 2010 Advance from City Funds (1,670.34) YTD TOTAL PROJECT $2,040 515 48 • LESS TIF REVENUE TO DATE , . _ ($774 635.68) PROJECT REMAINING $1,265,879.80 2 EAGLE WINDOW (ALLC) 2010-12 TIF Revenue Bond Issue-Principal $877 395 53 2010-12 TIF Revenue Bond Issue-Interest , . 104 895 46 2000-10 TIF Bonds -Principal , . 2 291 142 53 2000-10 TIF Bonds -Interest , , . 2,099 425 13 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 , . ($3,946,629.601 PROJECT REMAINING $982,290.99 GRAND TOTAL $2,248,170.79 USE OF DOLLARS EnvironmentaUTaxes Env./Dredging Legal, Engineering, Taxes ConstructioNGrading ConstructioNGrading 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 Ci(y 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 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: EAST 7TH STREET ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement under Section 403.19(2) PROJ. # PROJECT TITLE 1 MORRISON BROTHERS FY SOURCE AMOUNT 1997 Advance from City Fds $15,747.00 1997 Advance from City Fds 213.30 2000 TIF Revenue Obligation 18,119.66 2001 TIF Revenue Obligation 22,398.00 2002 TIF Revenue Obligation 21,928.00 2003 TIF Revenue Obligation 19,509.42 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 _ ($291,946.86} PROJECT REMAINING $0.00 USE OF DOLLARS Storm Sewer to building site Legal Services Economic Development Grant for over 10 years based on min. assessment agreement No maximum 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 D UBUQUE TECH PARK INDUSTRIAL CENTER 1997 1997 Advance from City Fds Advance from City Fds $95,379.03 Engineering & Design related ON SITE IMPROVEMENTS 1998 Advance from City Fds 76,256.03 Grading Contract 1998 Advance from City Fds 206,758.06 313 740 55 on ign Engineering t 1998 1998 Advance from City Fds Advance from City Fds , . 1,991,229.77 Road Con t co Grading and Utilities Contract 1999 1999 Advance from Ci Fds tY Advance from City Fds 11,883.08 16,572.92 Miscellaneous Engineering and Legal Services 1999 Advance from City Fds 29,862.07 1 350 48 Consultant Services 1999 Advance from City Fds , . 3,252.03 Miscellaneous Services Legal Services 1999 2000 Advance from City Fds Advance from City Fds 1,156,476.53 Construction 2000 Advance from City Fds 48,677.44 12 76 Landscaping 2000 Advance from Cit Fds y 2,820.23 Miscellaneous Legal Fees 2000 2000 Advance from City Fds Advance from City Fds 20,000.00 Payment to Other Agencies 2000 Advance from City Fds 69,193.22 1 010 74 Construction Contract 200t Advance from City Fds , . 17,618.35 Services from CED Dept Legal Services 2001 2001 Advance from City Fds Advance from City Fds 3,852.72 Consultant Services 2001 RISE Grant 8,162.49 (179,645.00) Construction Interior Road 2002 2002 Advance from City Fds Advance from City Fds 16,472.00 s Legal Services 2002 Advance from City Fds 4,778.00 784,803.00 Legal Services Constructio 2003 2007 Advance from City Fds Advance from City Fds 1,215.95 n Legal Services 2008 2007 Advance from City Fds Ad (13,774.66) (2,487.49) Investment Earnings Investment Earnin s 2007 vance from City Fds Advance from City Fds 2,245.00 g Legal Services 2007 Advance from City Fds 5,732.00 1,255.00 Eng. Div. Services Consultant Se i 2007 2008 Advance from City Fds Advance from City Fds 4,227.00 rv ces Miscellaneous Services 2008 2 Advance from City Fds 250.00 60,734.00 Abstracting Signage 008 Investment Earnings (4,536.29) 2009 Investment Earnings (4,608.42) 2010 Investment Earnings (_ 1 505 49) Y.I.D TOTAL PROJECT $4,749,263.10 LESS TIF REVENUE TO DATE_ ($778,173.44) PROJECT REMAINING $3,971,089.66 2 ADVANCED DATA COMM 1999-2011 TIF Revenue Bonds 3-18-99 900 000 00 10 year bond issue $900,000 Company min assessment , . 530,216.00 Principal Interest 1999 . agreement to cover debt Legal Fees (100,650.00) (65,250.00) Debt Service Reserve Fd Bond Funds for 1st 1 B months debt 1999 Investment Earnings 5,669.73 (4,055.36) Legal Fees ADC 2000 2001 Investment Earnings Investment Earnings (10,435.87) ADC 2002 Investment Earnings (9,431.46) (6,923.75) ADC ADC 2003 Investment Earnings (5,008.62) ADC 2004 Investment Earnings (6,844.80) ADC 2005 Investment Earnings (8,191.12) ADC 2006 Investment Eamings (6,739.60) ADC 2007 Investment Eamings (8,179.19) ADC 2008 2009 Investment Earnings Investment Earnings (13,280.24) ADC 2010 Investment Eamings (7,478.26) _ (1 608.68) YTD ADC ADC TOTAL PROJECT $1,181 808 78 LESS TIF REVENUE TO DATE , . _($1 181 808.78) PROJECT REMAINING $0.00 3 HORIZON DUCARTE (CARTEGRAPH) 2000-2011 TIF Revenue Bonds 12-01-99 360,000.00 Principal 10 yearbond issue $360,000 w/min. assessment agreement 222,397.00 Interest to coverdebt (49,876.16) (31 680 00) Debt Service Reserve Fd B 2000 Legal Fees , . ond Funds for 1st 18 months debt 2000 2001 Investment Earnings Investment Earnings 2,702.03 (2,771,75) Legal Fees Cartegraph (Ducarte) 2002 Investment Eamings (4,982.25) (3 518 43) Cartegraph (Ducarte) C 2003 2004 Investment Eamings Investment Eamings , . (2,421.24) artegraph (Ducarte) Cartegraph (Ducarte) 2005 Investment Eamings (2,649.94) (2 920 38) Cartegraph (Ducarte) C 2006 2007 Investment Eamings Investment Earnings , . (3,439.29) artegraph (Ducarte) Cartegraph (Ducarte) (5,862.33) Cartegraph (Ducarte) 2008 Investment Earnings (5,229.74) Cartegraph (Ducarte) 2009 Investment Earnings (1,577.98) Cartegraph (Ducarte) 2010 Investment Eamings (207.96) YTD Cartegraph (Ducarte) TOTAL PROJECT $467,961.58 LESS TIF REVENUE TO DATE ($467,961.58) PROJECT REMAINING $0.00 4 KUNKEL BOUNDS 2008-19 TIF revenue 268,791.97 Est 10 year economic development grant, no max 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 2010 Rebate _ 52,679.03 TOTAL PROJECT $343,553.14 LESS TIF REVENUE TO DATE _ ($54,159.03) PROJECT REMAINING $289,394.11 5 , CONLON JOHNSON 2011-2021 TIF revenue 153,479.79 Est. 10 year economic development grant no max 2010 Rebate 15,303.96 , TOTAL PROJECT $168,783.75 LESS TIF REVENUE TO DATE $0.00 PROJECT REMAINING $168,783.75 6 L&J PROPERTIES ENTEGEE 2011-2021 TIF revenue 326,544.30 Est. 10 year economic development grant no max 2011 Rebate 36,282.70 , TOTAL PROJECT $362,827.00 LESS TIF REVENUE TO DATE $0.00 PROJECT REMAINING $362,627.00 GRAND TOTAL FOR URBAN RENEWAL AREA $4,792,094.52 ' . PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT Schedule 1 ' Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.9 PROJ. # PROJECT TITLE FY CITY FUNDING SOURCE AMOUNT USE OF DOLLARS 1 METRIX COMPANY 1988 Urban Renewal TIF Rev. Note No. 1 1988 $125,000.00 Principal 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 CENTER dated 3-5-91 $1,000,000.00 Principal 379,188.00 Interest Expense Loan repayments 37,858.00 have been completed 4,974.00 Issuance Expense ( ) Interest Earnings 2000 Loan Repay-Dub.lnfuturo (300,000.00) Capitalized Debt 190,000.00 Land Acquistion Loan 11-30-90 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 Ci Fds tY $238,516.00 Construction contract let 9-3-96 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 Economic Development Grant $115,000 Max 2001 19,166.67 with payments over 6 yrs Max (FY 98-03) 2002 20,928.00 of $19,167/yr 2003 17,358.00 2004 16,924.00 2005 13,974.95 14,417.65 Final Payment TOTAL PROJECT $102,769.27 LESS TIF REVENUE TO DATE ($102 769.27) PROJECT REMAINING $0.00 5 WEBER PAPER COMPANY 1999 TIF Revenue Obligation 2000 approved 11-17-97 $30,000.00 Economic Development Grant $150,000 2001 33,950.00 with payments over 5 yrs (FY 99-03) 2003 33,332.00 of $30,000/yr. 2003 35,100.00 17,618.00 Final Payment TOTAL PROJECT $150,000.00 LESS TIF REVENUE TO DATE_ ($150 000.00) ~ ~ PROJECT REMAINING $0.00 ;` ti NTY FARM INDUSTRIAL SITE VELOPMENT 1998 Advance from C ~ Fds $197,895.97 Land acquisition rel. expense-Seigerts 1998 Advance from C ~ Fds 177,024.00 Land acquisition rel. ex ~ 7,500.47 p..nse-Bergf Ids 1998 Advance from City Fds 328,391.95 Easement acquisition 1999 RISE Grant EngineeringlConstructioNl-egal Services 1999 Sales Tax Refund (349,583.00) Interior Roads 1999 Reimbursement General (26,253.00) 1999 Land Contract (57,000.00) 1999 Advance from Cit Fds 59,642.00 Land Contra Payments-Seigert/Berfeld 1999 Advance from Ci y Fds 27,724.00 Easement acquisition tY 5,622,487.70 Construction related expense 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 Property Tax 2000 Advance from Ci Fds 59,642.00 Land Contract Payments-Seigert/Berfeld 2000 Advance from Cif Fds 105,789.01 Consultant Services 2000 Advance from Cif Fds 1,583.71 Miscellaneous Services 2000 Advance from Ci y Fds 3,393.00 Legal Services 2000 Advance from Cif Fds 59,526.35 Landscaping Contract 2000 Advance from C'~ Fds 1,649,226.84 Construction ty 10,959.80 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 2007 (20,229.70) Interest Earnings 2008 (16,814.15) Interest Eamings 2009 (21,804.11) Interest Eamings 2010 _ (866.93) YTD Interest Earnings TOTAL PROJECT ($231,215.14) APPLIED AGAINST PROJECTS $231,215.14 $0.00 8 SPEC BUILDING-WELTER D 2009-14 TIF Generated Revenue 218,495.16 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 51,938.47 2010 Actual Taxes Paid 54,623.79 $488,502.80 LESS TIF REVENUE TO DATE _ ($270,007.64) PROJECT REMAINING $218,495.16 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 $1,317,923.84 , 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 2010 Actual Taxes Paid 329,480.96 TOTAL PROJECT $3,242,823.60 LESS TIF REVENUE TO DATE ($1,924,899.76) PROJECT REMAINING $1,317,923.84 10 GIESE 2007-14 TIF Generated Revenue $237,110.16 Economic Dev. grant 2005 TIF Generated Revenue ? ~06 TIF Generated Rev 41,139.64 for 10 years beginning ~ enue 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 2009 TIF Generated Revenue 43,055.28 2010 TIF Generated Revenue 59,277.54 $491,302.90 LESS TIF REVENUE TO DATE _ ($254,192.74) PROJECT REMAINING $237,110.16 11 VESSEL SYSTEMS 2004-10 TIF Bonds-Principal $56,444.36 2004-10 TIF Bonds--Interest 63,410.98 2011-15 TIF Bonds-Principal 83,555.64 TIF borrowing of $140,000 2011-15 TIF Bonds--Interest 19,485.34 to be repaid over 10 years 2006 Advance from City Fds 2,086.91 Legal Fees $224,983.23 LESS TIF REVENUE TO DATE ($119,855.34) PROJECT REMAINING $105,127.89 12 ADAMS COMPANY 2004-10 TIF Bonds-Principal $272,727,25 2004-10 TIF Bonds-Interest 100,455.00 2011-15 TIF Bonds-Principal 227,272.75 TIF borrowing of $500,000 2011-15 TIF Bonds--Interest 27,693.47 to be repaid over 10 years 2006 Reconciliation of Proceeds (21,590.25) TOTAL PROJECT $606,558.22 . PROJECT DESIGNATION: DUBUQUE INDUSTRIA L CE ECONOMIC DEVELOPMENT DISTRICT NTER Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.9 PROJ. # PROJECT TITLE FY SOURCE CITY FUNDING AMOUNT USE OF DOLLARS 21 MEDLINE 2011-20 TIF Generated Revenue 2010 TIF Generated Revenue $220,649.02 Economic Dev. grant 12,195.98 for 10 years beginning LESS TIF REVENUE TO DATE PROJECT REMAINING $232'845.00 - ($12 195.98) in FY 2010, no maximum Estimate of 10 years of TIF payments $220,649.02 22 HORMEL FOODS 2009 RISE Grant 2009 Advance from Ci Fds ($2,120.00) Chavenelle Ct Construction Contract 2010 Advance from C ~ Fds 209,854.92 0 Chavenelle Ct Construction Contract 2010 Advance from City Fds 32,784.07 Engineering Division Services Chavenelle Ct Construction Contract LESS TIF REVENUE TO DATE $240,666.09 $0.00 PROJECT REMAINING $240,666.09 23 DICW EXPANSION PROJECT 2009 Advance from City Fds *N. Siegert Farm 2009 Advance from Ci Fds $4,323.60 Engineering Services 2009 Advance from Ci~ Fds y 332,605.17 31 609 32 Property Acquisitions with Improvments 2009 Advance from Ci Fds 2009 Advance from C ~ Fds , . Construction Contract ROW Purchase 2009 Advance from City Fds 2010 Advance from Cit Fds y 19,825.00 (23 782 76) ( ) Land Sales Interest Earnings 2009-10 TIF Bonds -- Prinicipal (8,434.11) YTD 45 000 00 Interest Earnings 2009-10 TIF Bonds --Interest , . 27 974 06 Tax Exempt TIF borrowing of $455,000 2010-21 TIF Bonds -- Prinici al , . 410 000 00 to be repaid over 15 years 2010-21 TIF Bonds -Interest , . 127 812 50 2009-10 TIF Bonds -Prinici al 2009-10 TIF Bonds --Interest , . 205,000.00 Taxable TIF borrowing of $2 465 000 2011-16 TIF Bonds -- Prinici al 203,319.38 2,260 000.00 , , to be repaid over 10 years 2011-16 TIF Bonds --Interest , 669 60 0 2010 TIF Bonds -- Prinicipal 2010 TIF Bonds --Interest , 0 :00 Tax Exempt TIF borrowing of $1 865 000 2011-29 TIF Bonds -- Prinici aI 45,884.53 1,865 000 00 , , to be repaid over 20 years 2011-29 TIF Bonds -- Interest , . 1,008,568.84 LESS TIF REVENUE TO DATE $7,259'702.53 ($527 177.97) PROJECT REMAINING $6,732,524.56 24 SPIEGEL SPEC BUILDING 2011-21 TIF Generated Revenue $303 340 00 2010 Advance from City Fds , . 0 00 Economic Dev. grant . for 10 years beginning LESS TIF REVENUE TO DATE $303,340.00 00 $0 in FY 2011, no maximum PROJECT REMAINING . $303,340.00 Estimate of 10 years of TIF payments GRAND TOTAL FOR URBAN RENEWAL AREA $26,814,666.17 PROJECT DESIGNATION: SWISS VALLEY ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement under Section 403.19(2) PROJ. # PROJECT TITLE 1 SWISS VALLEY COMPANY EXPANSION FY SOURCE AMOUNT 1999 TIF Revenue Obligation $0.00 2000 Rebate $0.00 2000 Investment Earnings (10.06) 2001 Rebate 0.00 2001 Investment Earnings (27.14) 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 LES S TIF REVENUE TO DATE ($5,157.34) PROJECT REMAINING $0.00 USE OF DOLLARS Economic Dev. Grant of $168,940 payments over 10 yrs based on min. assessment agreement est.. to generate $16,894 per yr. but will be based on actual rev. ' PROJECT 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 10 year economic rebate 55,376.00 Est. 10 year economic development 2005 Actual TIF Rebate 15 108 19 grant, no maximum 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 , . 12 916 81 2009 2010 Advance from City funds Advance from City funds , . 360.73 Legal Services 2010 Actual TIF Rebate 909.28 Legal Services 2005 Investment Earnings 13,844.00 Est. (157.93) TOTAL PROJECT $135 712 05 LESS TIF REVENUE TO DATE , . ($7g 223.97) PROJECT REMAINING $56,488.08 GRAND TOTAL FOR URBAN RENEWAL AREA $56,488.08 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 403.19(2) COMBINED GRAND TOTAL $80,952,452.89 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 1 ICE HARBOR 1990-91 DEVELOPMENT Advance from City Fds $394,266.00 Advance from City Fds 22,152.00 Advance from City Fds 6,555.00 Advance from City Fds 42,106.00 Advance from City Fds 171,734.00 Advance from City Fds 24,042.00 Advance from City Fds 662,354.00 Advance from City Fds 12,847.00 Advance from City Fds 36,443.00 Advance from City Fds 145,556.00 Advance from City Fds 17 095 00 1996-99 Advance from City Fds , . (5,730.48) 2000 Advance from City Fds 8,981.70 2000 Advance from City Fds (848.73) 2002 Advance from City Fds (700.42) 2003 Advance from City Fds (333.18) 2004 Advance from City Fds (609.52) 2005 Advance from City Fds (3,131.56) 2006 Advance from City Fds (1,484.70) 2007 Advance from City Fds (19,356.41) 2007 Advance from City Fds 3,817.00 2008 Advance from City Fds 6,033.00 2008 Advance from City Fds 2,000.00 2006 Advance from City Fds 59,017 00 2006 Advance from City Fds . 10,000.00 2006 Advance from City Fds 37 000 00 2006 Advance from City Fds , . 85,810.00 2006 Advance from City Fds 2 500 00 2006 Advance from City Fds , . 1,317.44 TOTAL PROJECT $1,719,431.14 LESS TIF REVENUE TO DATE _ ($989 451.68) NET PROJECT $729,979.46 2 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 2002-2022 Gaming Revenue-CIP , . (12 591 558 00) 2003 Private Partici atio , , . p n (672,375.00) 2003 Advance from City Fds 855 66 2005 Advance from City Fds . 1,966 80 2005 Advance from City Fds . 594 72 2005 Advance from City Fds . 99,778 00 2006 Advance from City Fds . 73 704 00 2007 Advance from City Fds , . 116 996 00 2008 Advance from City Fds , . 132 734 00 2005-06 TIF Bonds -Principal , . 0 00 2005-06 TIF Bonds -Interest . 504,526.00 TOTAL PROJECT $6,482 355 19 LESS TIF REVENUE TO DATE , . ($1,790 095 00) NET PROJECT $4,692,260.19 GRAND TOTAL $5,422,239.65 USE OF DOLLARS Land Acquisition Consulting Engineering Signage RR Relocation Sheet Piling Depot Improvements Parking Lots Pier Ramp Floodwall Improvements Cleanup and Clearance Overpass Stairs Interest Earnings Services from CED staff Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Legal Fees Legal Fees Consultant Services Stealth Racing Relocation Costs Recognition Wall Riverside Electric Service Railroad Property/Bell St. Appraisal Services Legal Services Interest exp. over life of bonds Gaming Revenue to Abate Debt County payment 1st yr interest Legal Expense Legal Expense Consultant Services Development Agreement -Platinum Development Agreement -Platinum Development Agreement -Platinum Development Agreement -Platinum Actual Principal Paid from TIF Actual Interest Paid from TIF 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 LESS 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 Current TIF Revenue 568,000.00 Addition to loan pool 1999 CurrentTlFRevenue 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 CurrentTlFRevenue 25,000.00 Addition to loan pool 2007 Current TIF Revenue 300,000.00 Addition to loan pool 2008 Current TIF Revenue 200,652.00 Addition to loan pool 2009 Current TIF Revenue 177,860.00 Addition to loan pool TOTAL PROJECT $2,898,512.00 LESS TIF REVENUE TO DATE ($2,898,512.00) 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 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 8 UNDERGROUND WIRES 9 THOMPSON BUILDING 10 PARKING SYSTEM EXP 11 MISCELLANEOUS TIF FD REVENUES AND EXP. FY SOURCE AMOUNT USE OF DOLLARS 1999 Advance from City Fds 1999 Advance from City Fds 20,272.00 Signal Changes 1999 Advance from City Fds 191,410.00 75 820 00 8th St.Opening Eng. 2000 Advance from City Fds 2010 , . 129,198.88 8th St. Opening Const. 8th St. Opening Const -21 G.O. TIF Bonds 2010-21 G.O. TIF Bonds-Int Exp 690,000.00 21 . Main St Opening 5th - 9th 2001-09 GO TIF Bonds -Principal 6,735.01 310 000 00 Main St Opening 5th - 9th 2001-09 GO TIF Bonds -Interest , . 330,916.87 Actual Principal Paid Actual Interest Paid TOTAL PROJECT $2,040,229.01 LESS TIF REVENUE TO DATE ($1,133,494.00) PROJECT REMAINING $906,735.01 1997-98 Advance from City Fds 1999 Advance from City Fds $41,032.37 Construction Mangement 2000 Advance from City Fds 77,481.63 1 830 63 Wiring Contracts (20% of total cost) 2000 Advance from City Fds , . 17,714.03 Design Construction-Wiring TOTAL PROJECT LESS TIF REVENUE TO DATE $138,058.66 ($138,058.66) City reimbursed 80% through Grant PROJECT REMAINING $0.00 2001 TIF Funds 2003 TIF Funds $16,494.00 Economic Development Grant with 2003 TIF Funds 17,368.00 18 873 62 payments over 10 yrs @ $10,400/yr 2004 TIF Funds , . 19 642 33 to a maximum of $104,000 2005 TIF Funds , . 21 019 57 2006 TIF Funds TOTAL PROJECT , . 10,602.48 $104 000.00 Final Payment LESS TIF REVENUE TO DATE , ($104,000.00) PROJECT REMAINING $0.00 1999 Advance from City Fds 2000 Advance from City Fds $89,977.63 Appraisals, Land Acq., Demolition 2000 Rents and Concessions 314,908.27 (1 975 00 ) Merchants &Dolans Demo. Related M 2000 Property Tax Sale Rel , . ( ) erchants Merchants 2001 Environmental Testing 2007 Bond Refundin g 4,895.00 Merchants/Dolans Sites 2011-20 GO TIF Bonds-Principal (5,047.00) 4 090 000 00 2006C Adv Refunding Bond Savings 2010-21 GO TIF Bonds-Interest 2001 10 GO , , . 1,490,419.19 20 Yr GO Bonds sold for new 3rd Street Ramp 20 year Interest ex ens G - TIFGonds-Principal 2001-10 GO TIF Bonds -Interest 1,561,565.50 p e on O Bonds Actual Principal Paid TOTAL PROJECT 1,825,146.78 $9,367 580 37 Actual Interest Paid LESS TIF REVENUE TO DATE , . ($3,787,161.18) PROJECT REMAINING $5,580,419.19 ~ 996 ($27,418.67) Interest Earnings 1998 (9,903.88) Interest Earnings 1999 (915.59) Interest Earnings 1998 Advance from Cit Fds Y (2'112'32) Property Tax-Sale Related 1999 988.80 Legal Fees 1999/00 Advance from City Fds (6,340.00) Interest Earnings 2001 3,938.90 Legal Fees 2003 Advance from Cit Fds 236.45 ( ) 1 109 79 Interest Earnings 2005 Combining ofTIF Districts , . 1,966.79 Legal Fees 50% Legal Fees 2006 Advance from City Fds 2,681.79 Legal Fees 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 12 PRUDENTIAL PROJECT (CIGNA) FY SOURCE AMOUNT USE OF DOLLARS 2006 Advance from City Fds 623.70 Consultant Services 2008 Advance from City Fds 2,000.00 Plat to Vacate Alley 2008 Advance from City Fds 9,375.67 Legal Fees 2008 Advance from City Fds (30,229.54) Interest Earnings 2009 Advance from City Fds (257,315.97) Interest Earnings 2009 Advance from City Fds 58,359.46 Legal Fees 2009 Advance from City Fds 31,941.25 Consultant Services 2010 Advance from City Fds (81,209.54) Interest Eamings 2010 Advance from City Fds 42,825.62 Legal Fees 2010 Advance from City Fds 42,771.07 Consultant Services TOTAL PROJECT ($217,099.12) LESS TIF REVENUE TO DATE $217,099.12 $0.00 2000 Advance from City Fds $1,500.00 2003 Cigna Tax Payments-TIF 263,198.00 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 Cigna Tax Payments-TIF 332,955.74 2011 Cigna Tax Payments-TIF 332,955.74 Est. TOTAL PROJECT $2,735,528.00 LESS TIF REVENUE TO DATE (2,402,571.76) PROJECT REMAINING $332,956.24 10 years economic development grant with no maximum 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% 14,485.91 , Est. January 1, 2002 value = $197 690 2010 7th Year 25% 6,661.25 , Est. January 1, 2003 value = $747 180 TOTAL PROJECT $118,174.13 , LESS TIF REVENUE TO DATE ($118,174.13) PROJECT REMAINING $0.00 14 BRICKTOWN 2005 TIF revenues generated $16,934.06 Historic Presen~ation Rebate program 2006-08 by project-1st 4 yrs 100% 61,340.54 Defined tax rebate program over 8 yrs 2009 5th Year 75% 16,841.40 Increment value of $564 190 2010 6th Year 50% 11,627.07 , 2011 7thYear25% 5,587.00 Est TOTAL PROJECT $112,330.07 LESS TIF REVENUE TO DATE ($106,743.07) PROJECT REMAINING $5,587.00 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 Economic development rebate program 2010 Heartland TIF Payment $70,590.03 Est. Economic development rebate program 2011-15 TIF revenues generated 352,950.15 Est. over 10 years commencing with by project over 10 yrs 12-1-05 TIF filing 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 TOTAL PROJECT LESS TIF REVENUE TO DATE $664,293.94 PROJECT REMAINING ($311,343.79) $352,950.15 16 KUNKEL-BRIGGS (LOWER MAIN) 2004 TIFbonds-principal 2004 TIF bonds-interest $182,000.00 TIF bonds to be repaid over 111,816.66 10 years LESS TIF REVENUE TO DATE $293'816.66 ($173,198.00) PROJECT REMAINING $120,618.66 17 FEDERAL BUILDING RENOVATION 2007 2007 Advance from City Fds Advance from Ci Fds $1'097'44 Miscellaneous Services 2007 Advance from Ci~ Fds Y 4,535.35 235 583 34 Miscellaneous Services 2007 Advance from City Fds , . 23 276 93 Consulting Services 2007 Advance from City Fds , . 530 937 90 Engineering Div. Services 2007 2006 Advance from City Fds Advance from City Fds , . 1,587.12 Construction Lead Paint Inspection 2008 Advance from Ci Fds y 215.00 83 371 23 Construction 2008 2008 Advance from Cit Fds y Advance from City Fds , . 86,880.39 Miscellaneous Services Consulting Services 2008 Advance from City Fds 197,413.80 30 659 33 Furniture 2008 2008 Advance from City Fds Advance from City Fds , . 15,176.31 Signage Telephone Equipment 2008 Advance from Ci Fds y 1,695,556.99 200 710 43 Telephone Equipment 2008 2008 Advance from Cit Fds Advance from City Fds Y , . 1946.22 Equipment Engineering Div. Services 3,090.34 Lead Paint Inspection LES TOTAL PROJECT S TIF REVENUE TO DATE $3,112,038.12 PROJECT REMAINING ($140,988.86) $2,971,049.26 18 PORT OF DUBUQUE 2007 Advance from City Fds PARKING RAMP 2007 Advance from City Fds Legal Notices 2007 Advance from Cit Fds. y 5,181.20 4 000 00 Legal Fees 2007 2008 Advance from Cit Fds Y Advance from City Fds , . 9,705.98 Data Collection Engineering Div. Services 2008 Advance from City Fds 2,768.53 16 309 05 Miscellaneous 2008 2009 Advance from City Fds Advance from City Fds , . 57,936.11 Legal Fees Engineering Div. Services 2010 Advance from City Fds 33,683.84 15 829 13 Engineering Div. Services 2009 Advance from City Fds , . 13 654 38 Engineering Div. Services 2010 2009 Advance from Cit Fds Advance from Ci Y Fds f , . 22,306.08 Legal Fees Legal Fees 2010 Advance from Ci Fds y (387'678'10) (37 419 57) Interest Earnings I 2008 2008 Advance from Cit Fds Private participation , . 6,350,000.00 nterest Earnings Construction 2008 TIF bonds-principal 23 025 000 00) D e t 2008 TIF bonds-interest , , . 35 841 421 88 T IF bonds to b paid over 30 TOTAL PROJECT , , . $58 622 711 03 Years with minimum assessment LESS TIF REVENUE TO DATE , , . ($2 678,797 28) PROJECT REMAINING $55, 943, 913.75 19 MCGRAW HILL PARKING LOT 2007 2007 Advance from City Fds Advance from City Fds $84.00 Legal Fees 55,502.77 Consultant Services 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 ~ Icy nG nn~ ~ n o~ 2007 Advance from City Fds 1,016.00 Building Plans 2007 Advance from City Fds 15,661.38 Engineering Division Services 2008 Advance from City Fds 16,614.64 Consultant Services 2008 Advance from City Fds 73,081.00 Electrical Equipment 2008 Advance from City Fds 296,223.67 Construction of Lot 2008 Advance from City Fds 5,184.26 Engineering Division Services 2008 Advance from City Fds 53,604.50 Landscaping 2009 Private Participation (8,815.00) 2009 Advance from City Fds 19,467.66 Landscaping TOTAL PROJECT $527,624.88 LESS TIF REVENUE TO DATE $0.00 PROJECT REMAINING $527,624.88 20 MCGRAW HILL II 2009 McGraw Tax Payments-TI 50,842.14 10 years economic development 2010 McGraw Tax Payments-TI 379,074.22 grant with no maximum 2011-19 McGraw Tax Payments-TI 3,032,593.76 Est. TOTAL PROJECT 3,462,510.12 ' LESS TIF REVENUE TO DATE (429,916.36) PROJECT REMAINING 3,032,593.76 21 HARTIG 2010 Hartig Tax Payments-TIF 10,088.36 10 years economic development 2011-20 Hartig Tax Payments-TIF 152,058.24 Est. grant with no maximum TOTAL PROJECT 162,146.60 LESS TIF REVENUE TO DATE (10,088.36) PROJECT REMAINING 152,058.24 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 ($24,119.10) PROJECT REMAINING 217,071.90 23 GERMAN BANK 2010 German Tax Payments-TII 6,572.44 10 years economic development 2011-20 German Tax Payments-TII 59,438.52 Est. grant with no maximum TOTAL PROJECT 66,010.96 LESS TIF REVENUE TO DATE ($6,572.44) PROJECT REMAINING 59,438.52 24 STAR BREWERY 2010 Star Tax Payments-TIF 98,964.58 10 years economic development 2011-20 Star Tax Payments-TIF 894,994.38 Est. grant with no maximum TOTAL PROJECT 993,958.96 LESS TIF REVENUE TO DATE ($98,964.58) PROJECT REMAINING 894,994.38 25 KEPHART'S BUILDING 2009 TIF bonds-principal 377,055.00 TIF bonds to be paid over 15 IMPROVEMENTS 2009 TIF bonds--interest 129,637.91 years 2009 Advance of City Funds 108,300.00 DRA Distribution 2009 Advance of City Funds (5,421.73) Interest Revenue 2010 Advance of City Funds (697.22) YTC Interest Revenue 2009 Advance of City Funds 43,910.00 Sales Tax Construction TOTAL PROJECT $652,783.96 LESS TIF REVENUE TO DATE ($58,504.52) PROJECT REMAINING $594,279.44 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 ($381,379.08) PROJECT REMAINING $2,921,649.15 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT i r (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 7 DUBUQUE STAMP 1 2010-19 TIF R evenue Obli ation 1 2009 Advance of City Funds TOTAL PROJECT --" LESS TIF REVENUE TO DATE PROJECT REMAINING AMOUNT USE OF DOLLARS $250,164.10 Economic Dev. Agreement ~~ payments over 10 yrs $251,016.10 $0.0~ $251,016.10 28 IBM 2009 Advance from Ci Fds ~' 125,000.00 Recruitment TOTAL PROJECT $125,000.00 LESS TIF REVENUE TO DATE $0.00 PROJECT REMAINING $125,000.00 29 MAIN ST. STREETSCAPE 2009 Advance from City Fds TOTAL PROJECT 8,751.29 751 29 $8 Engineering Services LESS TIF REVENUE TO DATE . , 00 $0 PROJECT REMAINING . $8,751.29 30 MILLWORK STREETSCAP 2010 Advance from City Fds TOTAL PROJECT 17,826.83 $17 826 83 Engineering Services LESS TIF REVENUE TO DATE ' . 00 $0 PROJECT REMAINING . $17,826.83 31 MILLWORK STREET REC( 2010 Advance from City Fds 2010 Advance from City Fds 11,591.21 60 398 00 n cSs TOTAL PROJECT , . $71 989 21 Co sulting Serv ~ LESS TIF REVENUE TO DATE , . $0 00 PROJECT REMAINING . $71,989.21 32 INTERSTATE BUILDING 2011-21 TIF Revenue Obligation $169,952.30 Economic Dev. Agreement TOTAL PROJECT LESS TIF REVENUE TO DATE $169,952.30 payments over 10 yrs PROJECT REMAINING $0.00 $169,952.30 33 C&B SECURITY BUILDING 2011-21 TIF Revenue Obligation $488,837.10 Economic Dev. Agreement TOTAL PROJECT LESS TIF REVENUE TO DATE $488,837.10 payments over 10 yrs PROJECT REMAINING $0.00 $488,837.10 GRAND TOTAL FOR URBAN RENEWAL AREA $92,955 379 29 LESS TIF REVENUE TO DATE , . ($17,425,166.05) PROJECT REMAINING $75,530,213.24