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Tax Increment Financing Report i3~~~E ~ck~ MEMORANDUM December 12, 2005 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: 2005 Annual Tax Increment Financing Report Economic Development Director David Heiar is transmitting the 2005 summary report on the City's use of Tax Increment Financing to support private economic development projects. Inlll ~'Jat\1L Michael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, Corporation Counsel Cindy Steinhauser, Assistant City Manager David Heiar, Economic Development Director CITY OF DUBUQUE, IOWA MEMORANDUM December 13, 2005 TO: FROM: Michael Van Milligen, City Manager . David Heiar, Economic Development DirectoQ rv1 2005 ANNUAL Tax Increment Financing REPOR11 SUBJECT: Introduction This memorandum transmits to the City Council the 2005 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 Dawn Lang'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. Since 1983, the City has approved assistance to 22 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 of up to 10 years rebate of the new tax increment property taxes directly back to the property owner. ECONOMIC DEVELOPMENT TIF PROJECTS by Urban Renewal District Greater Downtown (Downtown and Ice Harbor) Security Building Clarion Hotel CIGNNPrudential TFM Heartland Financial (Walsh Store) Lower Main Development (Weber Bldg) Historic Property Tax Rebate Town Clock Building Bricktown Downtown Rehabilitation Loan Program Bakey Kitchens/Relm House Grand Opera House (2) AtIast Fluid Power Cinema X Building Security Building Dubuque Museum of Art Jorga's Restaurant Iowa Inn Pepper Sprouts Bricktown Town Clock Building Heartland Financial (Waish Store) Gronen Upper Main Buildings (pending) Lower Main Development (pending) Fa!;ade Grants Capri Cosmetoiogy Pepper Sprouts Ellen's Florai Butt's Florist Bricktown McCoy Jeweiers Fischer Office Building Cinema X Canvas Products Old Main Hotel Atlast Fluid Power Herbst Upholstery Jocille's Building Kerper Boulevard Eagle Window & Door DIC/South (Dubuque Technology Park) Advanced Data-Comm CarteGraph Dubuque Industrial Center Metrix Nordstrom Precision Tool Weber Paper DAIDC Spec Building McGraw-Hili Giese Manufacturing Vessel Systems Adams Company Tri-State Industries East 7th Street Morrison Bros. Swiss Valley 1(closed out) Swiss Valley 2 Swiss Valley Farms Quebecor Quebecor World Dubuque Corporate Center (closed out) F:IUSERSIPmyhreIWPDOCSIURITIFReportITI Fchart4.2005.doc TIF Chronology - 22 Years of Private Investment Year 1983 Company Security Building 1988 Metrix 1991 Nordstrom Clarion Hotel 1996 Precision Tool 1997 Weber Paper Swiss Valley Farms 1998 Morrison Bros. TFM 1999 Eagle Window & Door Advanced Data-Comm CarteGraph CIGNNPrudential 2000 DAIDC Spec Building 2001 McGraw-Hili 2002 Giese Manufacturing Heartland Financial Quebecor World 2004 Vessel Systems Adams Company Weber Building 2005 Tri-State Industries TOTAL: Amount/Type of TIF $ 360,000 Bond * ($533,309 interest/fees) $ 125,000 Bond $1,000,000 Bond $1,200,000 Bond $ 115,000 Rebate ** ($154,722 with interest/fees) ($1,302,072 with interest/fees) ($1,614,363 with interest/fees) $ 150,000 Rebate 10 yr. Rebate *** (est. $0 ^) 10 yr. Rebate (est. $187,000) $ 104,000 Rebate $3,200,000 Bond $ 900,000 Bond $ 360,000 Bond 1 0 yr. Rebate 10 yr. Rebate 10 yr. Rebate 10 yr. Rebate 1 0 yr. Rebate 1 0 yr. Rebate ($4,928,921 with interest/fees) ($1,104,350 with interest/fees) ($457,728 with interest/fees) (est. $2,700,000) (est. $406,000) (est. $2,800,000) (est. $290,000) (est. $478,000) (est. $600,000) $ 140,000 Bond ($222,896 with interest/fees) $ 500,000 Bond^^ ($628,148 with interest/fees) $ 150,000 Bond ($297,102 with interest/fees) 1 0 yr. Rebate (est. $372,000) $19,445,611 + 2.195.000 Downtown Rehab Loan Program $21,640,611 Private economic development projects * 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. F:IUSERSIPmyhreIWPDOCSIURITIFReportITIF chart2.2005.doc ~ -'" co 0 ;..... l1.- '" - CO C >- 1lI l::: o :;:: III Gl .. t) .Q o .., "C c: III ... l::: Gl E ... t/l Gl > l::: Gl ... III > ";: 0- I l/) l- t) W .., o a:: 0- Il.. i= '" '" 0"C -", "'- "'co o l!! ""'u '" "'"C 0'" -c: ",'- ",,B 0'" .....0:: Co =0 00 Eo <(CD 1I..'" i=.,. '" = Oi > - <.l '" ~.- '" ~ Zl1. Cl C ~ = >-co c:>, co_ e. 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"'- ",a c: Ul o ~ .c '" Q) c: >- ,20 :==T""" E Ul + l!J 0'- ~ c: .,.Ol Ul 0 Q) g "'~ ::J>- 0= c: ::J -LL . . , o o "U ui o o N ui " rn ~ o u. !:: " o c. m oc U. ~ ::;) UJ u o o a. ~ i!! ~ >- E g, (f) oc UJ (f) ~ u. November 30, 2005 TO THE CITY OF DUBUQUE The undersigned hereby acknowledges receipt of certificates for "Revised Fiscal Year 2006" and "Fiscal Year 2007" regarding Urban Renewal Projects. "Greater Downtown Urban Renewal Project" (Downtown - Upper Main Sub Area, Town Clock Plaza Sub Area and Old Main Sub Area: 1 and 2 and 3 and 4 and amendment 38 /Ice Harbor Sub Areas A and B: 7 and Amendment 35) "Kerper Boulevard Industrial Site Economic Development District" (23 and Eagle Window District Amendment) "Dubuque Industrial Center/South Economic Development District" (26) "Dubuque Industrial Center Economic Development District" (District 5 and 6 and 6A and 32 and 32A) "East 7th Street Economic Development District" (25) "Swiss Valley" (27) "Quebecor Economic Development District" (37) J')t Dated at Dubuque, Iowa this 7 day ofl)",ermbu , 2005. Dubuque County Auditor Revised Fiscal Year 2006 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT STATE OF IOWA ) )SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa, Section 403.19(2). . I certify that the City of Dubuque, Iowa, has issued and expended a total of $26,676,766.81 as shown by the attached Schedules #1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Greater Downtown Urban Renewal Project". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $9,127,572.32 as shown by the attached Schedules #2. For Fiscal Year 2005-2006, the City requests that 100% of taxes be levied to the maximum amount permitted in the "Ice Harbor Sub Areas - A and B", Tax Increment District # 7 and #35 by Section 403.19(2) and Ordinance No. 35-04 of the City of Dubuque, Iowa, to be paid into the special fund under that section. For Fiscal Year 2005-2006, the City requests that the "Downtown Sub Areas - Upper Main, Town Clock Plaza and Old Main" taxes be levied to the maximum extent in the amount of 100% of the taxes generated by the Thompson Building Increment, 100% of the Prudential (Cigna) Building Increment, 100% of the Cottingham and Butler Increment, 100% of the Bricktown Increment, 100% of the Heartland Financial Increment, 100% of the Kunkel-Briggs (Lower Main Development LLC) Increment, and 75% of the maximum funds generated by the balance of property in Tax Increment District #1, Tax Increment District #2, Tax Increment District #3, Tax Increment District #4, and Tax Increment District #38, as permitted by Section 403.19(2) and Ordinance No. 35-04 of the City of Dubuque, Iowa, to be paid into the special fund under that section. Da Cl this ~.t6 day of ,2005. ity Clerk Dubuque, Iowa Revised Fiscal Year 2006 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT (DOWNTOWN SUB AREAS - UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN) Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received Year from Payments Cumulative No. Received Under Section 403.19(2) Pavments 1 FY 1984 $ 39,458.09 $ 39,458.09 2 FY 1985 $ 87,008.45 $ 126,466.54 3 FY 1986 $ 80,940.29 $ 207,406.83 4 FY 1987 $ 84,949.07 $ 292,355.90 5 FY 1988 $ 75,413.12 $ 367,769.02 6 FY 1989 $106,025.23 $ 473,794.25 7 FY 1990 $ 42,587.45 $ 516,381.70 8 FY 1991 $ 86,756.67 $ 603,138.37 9 FY 1992 $359,904.69 $ 963,043.06 10 FY 1993 $361,625.38 $1,324,668.44 11 FY 1994 $660,614.07 $1,985,282.51 12 FY 1995 $634,279.91 $2,619,562.42 13 FY 1996 $409,680.44 $3,029,242.86 14 FY 1997 $279,723.01 $3,308,965.87 15 FY 1998 $ 8,040.60 $3,317,006.47 Revised Fiscal Year 2006 16 FY 1999 $626,581.00 $3,943,587.47 17 FY 2000 $609,697.55 $4,553,285.02 18 FY 2001 $444,838.49 $4,998,123.51 19 FY 2002 $384,808.36 $5,382,931.87 20 FY 2003 $796,249.56 $6,179,181.43 21 FY 2004 $886,287.47 $7,065,468.90 22 FY 2005 $1,045,521.62 $8,110,990.52 23 FY 2006 (Estimate) $1,451,108.77 $9,562,099.29 Revised Fiscal Year 2006 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT (ICE HARBOR SUB AREAS A AND B) Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received From Payments Cumulative No. Year Received Under Section 403.19(2\ Pavments 1 FY 1994 $59,123.74 $ 59,123.74 2 FY 1995 $67,803.53 $126,927.27 3 FY 1996 $66,831.13 $193,758.40 4 FY 1997 $44,924.70 $238,683.10 5 FY 1998 $45,936.94 $284,620.04 6 FY 1999 $53,907.00 $338,527.04 7 FY 2000 $53,396.78 $391,923.82 8 FY 2001 $55,328.50 $447,252.32 9 FY 2002 $56,300.38 $503,552.70 10 FY 2003 $68,424.89 $571,977.59 11 FY 2004 $69,549.21 $641,526.80 12 FY 2005 $375,055.00 $1,016,581.80 FY 2006 Revenues combined with Downtown sub areas. 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 $26.676,766.81 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT (ICE HARBOR SUB AREAS A AND B) Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS ICE HARBOR 1990-91 Advance from City Fds $394,266.00 Land Acquisition DEVELOPMENT Advance from City Fds 22,152.00 Consulting Engineering Advance from City Fds 6,555.00 Signage Advance from City Fds 42,106.00 RR Relocation Advance from City Fds 171,734.00 Sheet Piling Advance from City Fds 24,042.00 Depot Improvements Advance from City Fds 662,354.00 Parking Lots Advance from City Fds 12,647.00 Pier Ramp Advance from City Fds 36,443.00 Floodwalllmprovements Advance from City Fds 145,556.00 Cleanup and Clearance Advance from City Fds 17,095.00 Overpass Stairs 1996-99 Advance from City Fds (5,730.48) Interest Earnings 2000 Advance from City Fds 8,981.70 Services from CEO staff 2000 Advance from City Fds (848.73) Interest Earnings 2002 Advance from City Fds (700.42) Interest Earnings 2003 Advance from City Fds (333.18) Interest Earnings 2004 Advance from City Fds (609.52) Interest Earnings 2005 Advance from CityFds (3,131.56) Interest Earnings 2006 Advance from City Fds (1,462.96) Interest Earnings TOTAL PROJECT $1,531,314.85 2 AMERICA'S RIVER PROJECT 2002-2022 G.O. Bond Issue 12-01 2002-2022 G.O. Bond Issue 1-02 2002-2022 Interest 2002-2022 Gaming Revenue-CIP 2003 Private Participation 2003 Advance from City Fds 2005 Advance from City Fds 2005 Advance from City Fds 2005 Advance from City Fds 2006 Advance from City Fds 2005 Advance from City Fds 2006 Advance from City Fds 2005-06 TlF Bonds - Principal 2005-06 TIF Bonds - Interest TOTAL PROJECT GRAND TOTAL 9,500,000.00 2,860,000.00 6,844,413.01 (12,591,558.00) (672,375.00) 855.66 1,966.80 594.72 99,778.00 36,852.00 0.00 255,037.00 0.00 115,246.00 $6,450,810.19 $7,982,125.04 Interest expo over life of bonds Gaming Revenue to Abate Debt County payment 1 st yr interest Legal Expense Legal Expense Consultant Services Development Agreement -Platinum Development Agreement -Platinum Facility Management Agreement payments for two years only 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 JSE OF DOLLARS 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 2 TRILOG BUILDING 1990 Advance from City Fds. 38,612.79 Temporary Parking 1990 Advance from City Fds. 4,141.00 Landscapin9 1990 Advance from City Fds. 18,210.72 Buildin9 Site Impr. TOTAL PROJECT $60,964.51 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 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 Current TIF Revenue 365,000.00 Addition to loan pool 2000 Current TIF Revenue 100,000.00 Addition to loan pool 2001 Current TIF Revenue 100,000.00 Addition to loan pool 2002 Current TIF Revenue 100,000.00 Addition to loan pool 2003 Current T1F Revenue 90,000.00 Addition to loan pool 2004 Current T1F Revenue 25,000.00 Addition to loan pool 2005 Current TIF Revenue 25,000.00 Addition to loan pool TOTAL PROJECT $2,195,000.00 5 ALLEYS I STREETS I 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 6 MARKET STUDY 1995 Advance from City Fds $29,600.00 Consultant 1996 Reimburse-Main 51. Ltd. (4,600.00) Private Participation TOTAL PROJECT $25,000.00 7 DOWNTOWN 1996 Advance from City Fds $35,898.73 Circulation Study TRAFFIC CIRCULATION 1997 Advance from City Fds 30,287.70 Circulation Study 1998 Advance from City Fds 9,689.82 Circulation Study 1999 Advance from City Fds 20,272.00 Si9nal Changes 1999 Advance from City Fds 191,410.00 8th St.Opening Eng. 1999 Advance from City Fds 75,820.00 8th St. Opening Canst. 2000 Advance from City Fds 129,198.88 8th St. Opening Canst. 2006-21 G.O. TIF Bonds 905,000.00 Main St Openin9 5th - 9th 2006-21 G.O. TIF Bonds-Int Exp 405,710.00 Main St Opening 5th - 9th 2001-05 GO TIF Bonds - Principal 95,000.00 Actual Principal Paid 2001-05 GO TIF Bonds - Interest 141,941.88 Actual Interest Paid TOTAL PROJECT $2,040,229.01 8 UNDERGROUND WIRES 1997-98 Advance from City Fds $41,032.37 Construction Mangement 1999 Advance from City Fds 77,481.63 Wiring Contracts (20% of total cost) 2000 Advance from City Fds 1,830.63 Design 2000 Advance from City Fds 17,714.03 Construction-Wiring TOTAL PROJECT $138,058.66 City reimbursed 80% through Grant 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 9 THOMPSON BUILDING 2001 TIF Funds 2003 TIF Funds 2003 TIF Funds 2004 TIF Funds 2005 TIF Funds 2006 TIF Funds TOTAL PROJECT 10 PARKING SYSTEM EXP. 1999 Advance from City Fds 2000 Advance from City Fds 2000 Rents and Concessions 2000 Properly Tax Sale Rei 2001 Environmental Testing 2006-20 GO TI F Bonds-Principal 2006-20 GO TIF Bonds-Interest 2001-05 GO TIF Bonds-Principal 2001-05 GO T1F Bonds - Interest TOTAL PROJECT 11 MISCELLANEOUS TIF FD 1996 REVENUES AND EXP. 1997 1998 1999 1998 1999 1999/00 2001 2003 2005 Combining of TIF Districts TOTAL PROJECT 12 PRUDENTIAL PROJECT (CIGNA) Advance from City Fds Cigna Tax Payments-TIF Cigna Tax Payments-TIF eigna Tax Payments-TIF Cigna Tax payments- T1F Cigna Tax Payments- T1F TOTAL PROJECT 2000 2003 2004 2005 2006 2007 13 COTTINGHAM & BUTLER 2004-05 T1F revenues generated 2006-07 by praject-1 st 4 yrs 100% 2008 5th Year 75% 2009 6th Year 50% 2010 7th Year 25% TOTAL PROJECT 14 BRICKTOWN 2005 TIF revenues generated 2006-08 by praject-1 st 4 yrs 100% AMOUNT JSE OF DOLLARS $16,494.00 17,368.00 18,873.62 19,642.33 21,019.57 10,602.48 $104,000.00 $89,977.63 314,908.27 (1,975.00) (2,310.00) 4,895.00 4,808,434.50 2,214,218.21 791,565.50 1,258,093.65 $9,477,807.76 ($27,418.67) (9,903.88) (915.59) (2,112.32) 988.80 (6,340.00) 3,938.90 (236.45) 1,109.79 1,966.79 ($38,922.63) $1,500.00 263,198.00 264,537.12 282,549.52 279,665.48 279,665.00 $1,371,115.12 $27,666.22 43,639.88 16,364.96 10,909.97 5,454.99 $104,036.01 Economic Development Grant with payments over 10 yrs@$10,400/yr to a maximum of $104,000 Final Payment Appraisals, Land Acq., Demolition Merchants & Dolans Demo. Related Merchants Merchants MerchantsfDolans Sites 20 Yr GO Bonds sold for new 3rd Street Ramp 20 year Interest expense on GO Bonds Actual Principal Paid Actual Interest Paid Interest Earnings Interest Earnings Interest Earnings Properly Tax-Sale Related Legal Fees Interest Earnings Legal Fees Interest Earnings Legal Fees 50% Legal Fees 10 years economic development grant with no maximum Est. Historic Preservation Rebate program Est. Defined tax rebate program over 8 yrs Est. January 1, 2001 base value=$58,850 Est. January 1, 2002 value = $197,690 Est. January 1,2003 value = $747,180 $16,934.06 Historic Preservation Rebate program $50,802.18 Est Defined tax rebate program over 8 yrs 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 2009 5th Year 75% 2010 6th Year 50% 2011 7th Year 25% TOTAL PROJECT 15 HEARTLAND FINANCIAL 2004 T1F revenues generated by project over 10 yrs TOTAL PROJECT 16 KUNKEL-BRIGGS 2004 TIF bonds-principal (LOWER MAIN) 2004 TIF bonds--interest 2005 Advance from City Fds GRAND TOTAL FOR URBAN RENEWAL AREA AMOUNT 12,700.55 8,467.03 4,233.52 $93,137.33 $478,000.00 $478,000.00 $182,000.00 111,816.66 3,284.97 $297,101.63 $18,694,841.77 JSE OF DOLLARS Est Increment value of $584,190 Est Est Est. Economic development rebate program over 10 years commencing with 12-1-05 T1F filing TIF bonds to be repaid over 10 years Legal Fees Fiscal Year 2007 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT STATE OF IOWA ) )SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa, Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $26,676,766.81 as shown by the attached Schedules #1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Greater Downtown Urban Renewal Project". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $9,127,572.32 as shown by the attached Schedules #2. For Fiscal Year 2006-2007, the City requests that 100% of taxes be levied to the maximum amount permitted in the "Ice Harbor Sub Areas - A and B", Tax Increment District # 7 and #35 by Section 403.19(2) and Ordinance No. 35-04 of the City of Dubuque, Iowa, to be paid into the special fund under that section. For Fiscal Year 2006-2007, the City requests that the "Downtown Sub Areas - Upper Main, Town Clock Plaza and Old Main" taxes be levied to the maximum extent in the amount of 100% of the taxes generated by Tax Increment District #1, Tax Increment District #2, Tax Increment District #3, Tax Increment District #4, and Tax Increment District #38, as permitted by Section 403.19(2) and Ordinance No. 35-04 of the City of Dubuque, Iowa, to be paid into the special fund under that section. Date this. ~ day of ,2005. . Clerk Dubuque, Iowa Fiscal Year 2007 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT (DOWNTOWN SUB AREAS - UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN) Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received Year from Payments Cumulative No. Received Under Section 403.19(2) Pavments 1 FY 1984 $ 39,458.09 $ 39,458.09 2 FY 1985 $ 87,008.45 $ 126,466.54 3 FY 1986 $ 80,940.29 $ 207,406.83 4 FY 1987 $ 84,949.07 $ 292,355.90 5 FY 1988 $ 75,413.12 $ 367,769.02 6 FY 1989 $106,025.23 $ 473,794.25 7 FY 1990 $ 42,587.45 $ 516,381.70 8 FY 1991 $ 86,756.67 $ 603,138.37 9 FY 1992 $359,904.69 $ 963,043.06 10 FY 1993 $361,625.38 $1,324,668.44 11 FY 1994 $660,614.07 $1,985,282.51 12 FY 1995 $634,279.91 $2,619,562.42 13 FY 1996 $409,680.44 $3,029,242.86 14 FY 1997 $279,723.01 $3,308,965.87 15 FY 1998 $ 8,040.60 $3,317,006.47 16 FY 1999 $626,581.00 $3,943,587.47 Fiscal Year 2007 17 FY 2000 $609,697.55 $4,553,285.02 18 FY 2001 $444,838.49 $4,998,123.51 19 FY 2002 $384,808.36 $5,382,931.87 20 FY 2003 $796,249.56 $6,179,181.43 21 FY 2004 $886,287.47 $7,065,468.90 22 FY 2005 $1,045,521.62 $8,110,990.52 23 FY 2006 (Estimate) $1,451,108.77 $9,562,099.29 Fiscal Year 2007 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT (ICE HARBOR SUB AREAS A AND B) Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received From Payments Cumulative No. Year Received Under Section 403.19(2) Pavments 1 FY 1994 $59,123.74 $ 59,123.74 2 FY 1995 $67,803.53 $126,927.27 3 FY 1996 $66,831.13 $193,758.40 4 FY 1997 $44,924.70 $238,683.10 5 FY 1998 $45,936.94 $284,620.04 6 FY 1999 $53,907.00 $338,527.04 7 FY 2000 $53,396.78 $391,923.82 8 FY 2001 $55,328.50 $447,252.32 9 FY 2002 $56,300.38 $503,552.70 10 FY 2003 $68,424.89 $571,977.59 11 FY 2004 $69,549.21 $641,526.80 12 FY 2005 $375,055.00 $1,016,581.80 FY 2006 Revenues combined with Downtown sub areas. 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 $26,676.766.81 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT (ICE HARBOR SUB AREAS A AND B) Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS ICE HARBOR 1990-91 Advance from City Fds $394,266.00 land Acquisition DEVELOPMENT Advance from City Fds 22,152.00 Consulting Engineering Advance from City Fds 6,555.00 Signage Advance from City Fds 42,106.00 RR Relocation Advance from City Fds 171,734.00 Sheet Piling Advance from City Fds 24,042.00 Depot Improvements Advance from City Fds 662,354.00 Parking Lots Advance from City Fds 12,847.00 Pier Ramp Advance from City Fds 36,443.00 Floodwalllmprovements Advance from City Fds 145,556.00 Cleanup and Clearance Advance from City Fds 17,095.00 Overpass Stairs 1996-99 Advance from City Fds (5,730.48) Interest Earnings 2000 Advance from City Fds 8,981.70 Services from CEO staff 2000 Advance from City Fds (848.73) Interest Earnings 2002 Advance from City Fds (700.42) Interest Earnings 2003 Advance from City Fds (333.18) Interest Earnings 2004 Advance from City Fds (609.52) Interest Earnings 2005 Advance from City Fds (3,131.56) Interest Earnings 2006 Advance from City Fds (1 ,462.96) Interest Earnings TOTAL PROJECT $1,531,314.85 2 AMERICA'S RIVER PROJECT 2002-2022 G.O. Bond Issue 12-01 2002-2022 G.O. Bond Issue 1-02 2002-2022 Interest 2002.2022 Gaming Revenue-CIP 2003 Private Participation 2003 Advance from City Fds 2005 Advance from City Fds 2005 Advance from City Fds 2005 Advance from City Fds 2006 Advance from City Fds 2005 Advance from City Fds 2006 Advance from City Fds 2005-06 TIF Bonds - Principal 2005-06 TIF Bonds - Interest TOTAL PROJECT GRAND TOTAL 9,500,000.00 2,860,000.00 6,844,413.01 (12,591,558.00) (672,375.00) 855.66 1,966.80 594.72 99,778.00 36,852.00 0.00 255,037.00 0.00 115,246.00 $6,450,810.19 $7,982,125.04 Interest expo over life of bonds Gaming Revenue to Abate Debt County payment 1 st yr interest Legal Expense Legal Expense Consultant SelVices Development Agreement -Platinum Development Agreement -Platinum Facility Management Agreement payments for two years only 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 JSE OF DOLLARS 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 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 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 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 TI F Revenue 200,000.00 Addition to loan pool 1998 Current TI F Revenue 568,000.00 Addition to loan pool 1999 Current T1F Revenue 365,000.00 Addition to loan pool 2000 Current T1F 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 Current TI F Revenue 25,000.00 Addition to loan pool TOTAL PROJECT $2,195,000.00 5 ALLEYS I STREETS I 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 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 7 DOWNTOWN 1996 Advance from City Fds $35,898.73 Circulation Study TRAFFIC CIRCULATION 1997 Advance from City Fds 30,287.70 Circulation Study 1998 Advance from City Fds 9,689.82 Circulation Study 1999 Advance from City Fds 20,272.00 Signal Changes 1999 Advance from City Fds 191,410.00 8th St.Opening Eng. 1999 Advance from City Fds 75,820.00 8th St. Opening Const. 2000 Advance from City Fds 129,198.88 8th St. Opening Const. 2006-21 G.O. TIF Bonds 905,000.00 Main St Opening 5th - 9th 2006-21 G.O. TIF Bonds-Int Exp 405,710.00 Main St Opening 5th - 9th 2001-05 GO TIF Bonds - Principal 95,000.00 Actual Principal Paid 2001-05 GO TIF Bonds -Interest 141,941.88 Actual Interest Paid TOTAL PROJECT $2,040,229.01 8 UNDERGROUND WIRES 1997-98 Advance from City Fds $41,032.37 Construction Mangement 1999 Advance from City Fds 77,481.63 Wiring Contracts (20% of total cost) 2000 Advance from City Fds 1,830.63 Design 2000 Advance from City Fds 17,714.03 Construction-Wiring TOTAL PROJECT $138,058.66 City reimbursed 80% through Grant 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 9 THOMPSON BUILDING 2001 TIF Funds 2003 T1F Funds 2003 TIF Funds 2004 T1F Funds 2005 TIF Funds 2006 TIF Funds TOTAL PROJECT 10 PARKING SYSTEM EXP. 1999 Advance from City Fds 2000 Advance from City Fds 2000 Rents and Concessions 2000 Property Tax Sale Rei 2001 Environmental Testing 2006-20 GO TIF Bonds-Principal 2006-20 GO T1F Bonds-Interest 2001-05 GO TIF Bonds-Principal 2001-05 GO TIF Bonds -Interest TOTAL PROJECT 11 MISCELLANEOUS TIF FD REVENUES AND EXP. 1996 1997 1998 1999 1998 1999 1999/00 2001 2003 2005 Combining of TIF Districts TOTAL PROJECT 12 PRUDENTIAL PROJECT (CIGNA) 2000 2003 2004 2005 2006 2007 Advance from City Fds Cigna Tax Payments-TIF Cigna Tax Payments-TIF Cigna Tax Payments- TI F Cigna Tax Payments-TIF Cigna Tax Payments-TIF TOTAL PROJECT 13 COTTINGHAM & BUTLER 2004-05 TIF revenues generated 2006-07 by praject-1 st 4 yrs 100% 2008 5th Year 75% 2009 6th Year 50% 2010 7th Year 25% TOTAL PROJECT 14 BRICKTOWN 2005 TIF revenues generated 2006-08 by project-1 st 4 yrs 100% AMOUNT JSE OF DOLLARS $16,494.00 17,368.00 18,873.62 19,642.33 21,019.57 10,602.48 $104,000.00 $89,977.63 314,908.27 (1,975.00) (2,310.00) 4,895.00 4,808,434.50 2,214,218.21 791,565.50 1,258,093.65 $9,477,807.76 ($27,418.67) (9,903.88) (915.59) (2,112.32) 988.80 (6,340.00) 3,938.90 (236.45) 1,109.79 1,966.79 ($38,922.63) $1,500.00 263,198.00 264,537.12 282,549.52 279,665.48 279,665.00 $1,371,115.12 $27,66622 43,639.88 16,364.96 10,909.97 5,454.99 $104,036.01 Economic Development Grant with payments over 10 yrs @ $10,400/yr to a maximum of $104,000 Final Payment Appraisals, Land Acq., Demolition Merchants & Dolans Demo. Related Merchants Merchants Merchants/Dolans Sites 20 Yr GO Bonds sold for new 3rd Street Ramp 20 year Interest expense on GO Bonds Actual Principal Paid Actual Interest Paid Interest Earnings Interest Earnings Interest Earnings Property Tax-Sale Related Legal Fees Interest Earnings Legal Fees Interest Earnings Legal Fees 50% Legal Fees 10 years economic development grant with no maximum Est. Historic PreselVation Rebate program Est. Defined tax rebate program over 8 yrs Est. January 1, 2001 base value=$58,85O Est. January 1, 2002 value = $197,690 Est. January 1,2003 value = $747,180 $16.934.06 Historic Preservation Rebate program $50,802.18 Est Defined tax rebate program over 8 yrs 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 2009 5th Year 75% 2010 6th Year 50% 2011 7th Year 25% TOTAL PROJECT 15 HEARTLAND FINANCIAL 2004 TIF revenues generated by project over 10 yrs TOTAL PROJECT 16 KUNKEL-BRIGGS 2004 TIF bonds-principal (LOWER MAIN) 2004 TIF bonds-interest 2005 Advance from City Fds AMOUNT JSE OF DOLLARS 12,700.55 8,467.03 4,233.52 $93,137.33 Est Increment value of $564,190 Est Est $478,000.00 Est. Economic development rebate program over 10 years commencing with 12-1-05 TIF filing $478,000.00 $182,000.00 111,816.66 3,284.97 $297,101.63 TIF bonds to be repaid over 10 years Legal Fees GRAND TOTAL FOR URBAN RENEWAL AREA $18,694,641.77 Revised Fiscal Year 2006 PROJECT DESIGNATION: DUBUQUE KERPER BOULEVARD INDUSTRIAL SITE ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $6,996,906.88 as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Kerper Boulevard Industrial Site Economic Development District." I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $1 ,682,227.94, as shown by the attached Schedule 2. For Fiscal Year 2005-2006, the City requests that taxes be levied in the maximum amount permitted by Section 403.19(2) and Ordinance No. 43-94 of the City of Dubuque, Iowa, to be paid to the special fund under that section. -/b Dated thi~ day of ,~k4~/J ,2005. :? . &;,/~ Revised Fiscal Year 2006 PROJECT DESIGNATION: DUBUQUE KERPER BOULEVARD INDUSTRIAL SITE ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received from Payments Cumulative No. Year Received Under Section 403.19(2) Pavments 1 FY 1999 $0 $0 2 FY 2000 $10,196.28 $10,196.28 3 FY 2001 $0 $10,196.28 4 FY 2002 $31,121.11 $ 41,317.39 5 FY 2003 $533,071.36 $574,388.75 6 FY 2004 $538,090.08 1,112,4 78.83 7 FY 2005 $569,749.11 1,682,227.94 8 FY 2006 Estimate $573,159.30 2,255,387.24 PROJECT DESIGNATION: KERPER BOULEVARD INDUSTRIAL PARK ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ. # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS KERPER IND. PARK DEV 1997 Advance from City Funds $8,342.25 EnvironmentalfT axes 1998 Advance from City Funds 1,131,351.68 Env.lDredging 1999 Advance from City Funds 47,302.17 Legal, Engineering, Taxes 1999 Advance from City Funds 541,947.80 Construction/Grading 2000 Advance from City Funds 609,819.75 Construction/Grading 2000 Advance from City Funds (92.76) Investment Earnings 2000 Advance from City Funds 18.45 Postage 2000 Advance from City Funds 10,689.00 Property Tax 2000 Advance from City Funds 34,731.00 Consulting Engineers 2000 Advance from City Funds 1,342.61 Legal Services 2000 Advance from City Funds 26,945.50 Consultant Services 2001 Advance from City Funds 3,588.75 Consulting Engineers 2001 Advance from City Funds 7,683.52 Consultant Services 2001 Advance from City Funds 4,771.50 Miscellaneous Services 2001 Advance from City Funds 39,279.17 Construction 2001 Advance from City Funds (590.11) Investment Earnings 2002 State Grant Funds (492,000.00) Iowa Dept. of Econ Dav. Grant 2002 Advance from City Funds 3,194.58 Consultant services-environmental 2002 Advance from City Funds 3,185.00 Misc. --appraisal expense 2003 Advance from City Funds 112.50 Consultant services-environmental 2003 Advance from City Funds 300.00 Misc.-appraisal expense 2003 Advance from City Funds 1,144.30 Construction 2003 Advance from City Funds (2,455.78) Investment Earnings 2004 Advance from City Funds 450.00 Legal Services 2004 Advance from City Funds 801.50 City Engineering Services 2004 Advance from City Funds 33,022.50 Construction 2004 Advance from City Funds (3,576.32) Investment Earnings 2005 Advance from City Funds (6,345.27) Investment Earnings 2005 Advance from City Funds 56,094.61 Construction-Flynn Ready Mix Rail Spur 2006 Advance from City Funds (243.83) Investment Earnings 2006 Advance from City Funds 2,736.00 Consulting Engineers 2006 Advance from City Funds 1,239.14 Ballast for Railroad 2006 Advance from City Funds 3,197.08 Legal Services TOTAL PROJECT $2,067,986.29 2 EAGLE WINDOW (ALLC) 2006-12 TIF Revenue Bond Issue-Princi~ $2,493,080.00 Principal 2006-12 T1F Revenue Bond Issue-Intere! 935,628.56 Interest 2000-05 TIF Bonds - Principal 675,458.06 Principal Paid 2000-05 TIF Bonds - Interest 1,268,692.03 Interest Paid 2000 Proceeds to Pay Debt (443,938.06) Bond Funds for first 18 months debt 2000 Proceeds for Legal Fees (24,600.00) Bond Proceeds for Legal Fees 2000 Legal Fees on Debt 24,600.00 Legai Fees 2002 State Grant Funds (692,000.00) Iowa Dept. of Econ Dev. Grant 2003 Advance from City Funds 313,061.00 Construction 2004 Advance from City Funds 378,939.00 Construction TOTAL PROJECT $4,928,920.59 GRAND TOTAL $6,996,906.88 Fiscal Year 2007 PROJECT DESIGNATION: DUBUQUE KERPER BOULEVARD INDUSTRIAL SITE ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) )SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $6,996,906.88 as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Kerper Boulevard Industrial Site Economic Development District." I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $1 ,682,227.94, as shown by the attached Schedule 2. For Fiscal Year 2006-2007, the City requests that taxes be levied in the maximum amount permitted by Section 403.19(2) and Ordinance No. 43-94 of the City of Dubuque, Iowa, to be paid to the special fund under that section. . ~L Dated this. ;:;;cJ day of ~v ,2005. ~/s7~ ity Clerk Dubuque, Iowa Fiscal Year 2007 PROJECT DESIGNATION: DUBUQUE KERPER BOULEVARD INDUSTRIAL SITE ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received from Payments Cumulative No. Year Received Under Section 403.19(2) Payments 1 FY 1999 $0 $0 2 FY 2000 $10,196.28 $10,196.28 3 FY 2001 $0 $10,196.28 4 FY 2002 $31,121.11 $41,317.39 5 FY 2003 $533,071.36 $574,388.75 6 FY 2004 $538,090.08 1,112,478.83 7 FY 2005 $569,749.11 1,682,227.94 8 FY 2006 Estimate $573,159.30 2,255,387.24 PROJECT DESIGNATION: KERPER BOULEVARD INDUSTRIAL PARK ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ. # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS KERPER IND. PARK DEV 1997 Advance from City Funds $8,342.25 EnvironmentallT axes 1998 Advance from City Funds 1,131,351.68 Env.lDredging 1999 Advance from City Funds 47,302.17 Legal, Engineering, Taxes 1999 Advance from City Funds 541,947.80 Construction/Grading 2000 Advance from City Funds 609,819.75 Construction/Grading 2000 Advance from City Funds (92.76) Investment Earnings 2000 Advance from City Funds 18.45 Postage 2000 Advance from City Funds 10,689.00 Properly Tax 2000 Advance from City Funds 34,731.00 Consulting Engineers 2000 Advance from City Funds 1,342.61 legal Services 2000 Advance from City Funds 26,945.50 Consultant Services 2001 Advance from City Funds 3,588.75 Consulting Engineers 2001 Advance from City Funds 7,683.52 Consultant Services 2001 Advance from City Funds 4,771.50 Miscellaneous Services 2001 Advance from City Funds 39,279.17 Construction 2001 Advance from City Funds (590.11) Investment Earnings 2002 State Grant Funds (492,000.00) Iowa Dept. of Econ Dev. Grant 2002 Advance from City Funds 3,194.58 Consultant services-environmental 2002 Advance from City Funds 3,185.00 Misc.-appraisal expense 2003 Advance from City Funds 112.50 Consultant services-environmental 2003 Advance from City Funds 300.00 Misc.--appraisal expense 2003 Advance from City Funds 1,144.30 Construction 2003 Advance from City Funds (2,455.78) Investment Earnings 2004 Advance from City Funds 450.00 Legal Services 2004 Advance from City Funds 801.50 City Engineering Services 2004 Advance from City Funds 33,022.50 Construction 2004 Advance from City Funds (3,576.32) Investment Earnings 2005 Advance from City Funds (6,345.27) Investment Earnings 2005 Advance from City Funds 56,094.61 Construction-Flynn Ready Mix Rail Spur 2006 Advance from City Funds (243.83) Investment Earnings 2006 Advance from City Funds 2,736.00 Consulting Engineers 2006 Advance from City Funds 1,239.14 Ballast for Raiiroad 2006 Advance from City Funds 3,197.08 Legal Services TOTAL PROJECT $2,067,986.29 2 EAGLE WINDOW (ALLC) 2006-12 TIF Revenue Bond Issue-Princi~ $2,493,080.00 Principal 2006-12 TIF Revenue Bond Issue-Intere~ 935,628.56 Interest 2000-05 TIF Bonds - Principal 675,458.06 Principal Paid 2000-05 T1F Bonds - Interest 1,268,692.03 Interest Paid 2000 Proceeds to Pay Debt (443,938.06) Bond Funds for first 18 months debt 2000 Proceeds for Legal Fees (24,600.00) Bond Proceeds for Legal Fees 2000 Legal Fees on Debt 24,600.00 Legal Fees 2002 State Grant Funds (692,000.00) Iowa Dept. of Econ Dev. Grant 2003 Advance from City Funds 313,061.00 Construction 2004 Advance from City Funds 378,939.00 Construction TOTAL PROJECT $4,928,920.59 GRAND TOTAL $6,996,906.88 Revised Fiscal Year 2006 DUBUQUE INDUSTRIAL CENTER/SOUTH ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) )SS COUNTY OF DUBUQUE) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $6,252,981.32 as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Dubuque Industrial Center/South Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $960,202.44 as shown by the attached Schedule 2. For Fiscal Year 2005-2006 the City requests that taxes be levied to the maximum extent permitted by Section 403.19(2), to be paid into the special fund under that section. Dated this 3tJ./~ day of ~~ / ,2005. ~?&: Ity Clerk Dubuque, Iowa Revised Fiscal Year 2006 PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER/SOUTH ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Record Under Section 403.19(2) Amounts Received Year from Payments under Cumulative Number Received Section 403.12(2) Payments 1 FY 1999 $ 0 $ 0 2 FY 2000 $ 0 $ 0 Adv. Data Comm. $ 0 $ 0 3 FY 2001 Req. Adv. Data Comm. $ .00 $ 0.00 Cartegraph $ .00 $ 0.00 4 FY 2002 Adv. Data Comm. $152,835.64 $152,835.64 Cartegraph $ 63,934.72 $ 63,934.72 5 FY 2003. Adv. Data Comm. $178,305.63 $331,141.27 Cartegraph $ 72,868.78 $136,803.50 6 FY 2004 Adv. Data Comm. $178,230.77 $509,372.04 Cartegraph $ 60,947.79 $197,751.29 7 FY 2005 Adv. Data Comm. $190,099.09 $699,471.13 Cartegraph $ 62,980.02 $260,731.31 8 FY 2006 Estimate Adv. Data Comm. $160,604.74 $860,075.87 Cartegraph $ 60,740.97 $321,472.28 PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTERlSOUTH 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 DUBUQUE TECH PARK INDUSTRIAL CENTER ON SITE IMPROVEMENTS 1997 1997 1998 1998 1998 1998 1999 1999 1999 1999 1999 2000 2000 2000 2000 2000 2000 2001 2001 2001 2001 2002 2002 2002 2003 Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds RISE Grant Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds TOTAL PROJECT 2 ADVANCED DATA COMM 2005~2011 TIF Revenue Bonds 3-18-99 10 year bond issue $900,000 Company min. assessment agreement to cover debt 1999-2004 TIF Bonds - Principal 1999-2004 TIF Bonds - Interest 1999 Legal Fees 2000 Investment Earnings 2001 Investment Earnings 2002 Investment Earnings 2003 Investment Earnings 2004 Investment Earnings 2005 Investment Earnings 2006 Investment Earnings TOTAL PROJECT 3 HORIZON OUCARTE (CARTEGRAPH) 2005-2011 2000-2004 2000-2004 2000 2000 2001 2002 2003 2004 2005 2006 TIF Revenue Bonds 12-01-99 10 year bond issue $360,000 w/min. assessment agreement to cover debt TIF Bonds ~ Principal T1F Bonds - Interest Legal Fees Investment Earnings Investment Earnings Investment Earnings Investment Earnings Investment Earnings Investment Earnings Investment Earnings TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA $95,379.03 76,256.03 206,758.06 313,740.55 1,991,229.77 11,883.08 16,572.92 29,862.07 1,350.48 3,252.03 1,156,476.53 48,677.44 12.76 2,820.23 20,000.00 69,193.22 1,010.74 17,618.35 3,852.72 8,162.49 (179,645.00) 16,472.00 4,778.00 784,803.00 1215.95 $4,701,732.45 669,991.13 100,897.41 (100,650.00) (65,250.00) 230,008.87 303,601.05 5,669.73 (10,435.87) (9,431.46) (6,923.75) (5,008.62) (6,844.80) (8,191.12) (975.31) $1,096,457.26 271,851.13 57,423.62 (49,876.16) (31,680.00) 88,148.87 135,973.76 2,702.03 (2,771.75) (4,982.25) (3,518.43) (2,421.24) (2,649.94) (2,920.38) (487.65) $454,791.61 $6.252,981.32 Engineering & Design related Grading Contract Construction & Design Engineering Road Construction Grading and Utilities Contract Miscellaneous Engineering and Legal Services Consultant Services Miscellaneous Services Legal Services Construction Landscaping Miscellaneous Legal Fees Payment to Other Agencies Construction Contract Services from CEO Dept Legal Services Consultant Services Construction Interior Roads legal Services legal Services Construction Legal Services Principal Interest Debt Service Reserve Fd Bond Funds for 1st 18 months debt Principal Paid Interest Paid Legal Fees Interest Earnings-Fd 124 ADC Interest Earnings-Fd 124 ADC Interest Earnings-Fd 124 ADC Interest Earnings-Fd 124 ADC Interest Earnings-Fd 124 ADC Interest Eamings-Fd 124 ADC Interest Earnings-Fd 124 ADC Principal Interest Debt Service Reserve Fd Bond Funds for 1 st 18 months debt Principal Paid Interest Paid legal Fees Interest Earnings-Fd 128-Cartegraph (Ducarte) Interest Earnings-Fd 128-Cartegraph (Ducarte) Interest Earnings-Fd 128-Cartegraph (Ducarte) Interest Eamings-Fd 128-Cartegraph (Ducarte) Interest Earnings-Fd 128-Cartegraph (Ducarte) Interest Earnings-Fd 128-Cartegraph (Ducarte) Interest Earnings-Fd 128-Cartegraph (Ducarte) Fiscal Year 2007 DUBUQUE INDUSTRIAL CENTER/SOUTH ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) )SS COUNTY OF DUBUQUE) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $6,252,981.32 as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Dubuque Industrial Center/South Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $960,202.44 as shown by the attached Schedule 2. For Fiscal Year 2006-2007 the City requests that taxes be levied to the maximum extent permitted by Section 403.19(2), to be paid into the special fund under that section. Dated thisJV'~day of ,~-?::n~ ,2005. ~&?8d ity Clerk Dubuque, Iowa Fiscal Year 2007 PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER/SOUTH ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Record Under Section 403.19(2) Amounts Received Year from Payments under Cumulative Number Received Section 403.12(2) Pavments 1 FY 1999 $ 0 $ 0 2 FY 2000 $ 0 $ 0 Adv. Data Comm. $ 0 $ 0 3 FY 2001 Req. Adv. Data Comm. $ .00 $ 0.00 Cartegraph $ .00 $ 0.00 4 FY 2002 Adv. Data Comm. $152,835.64 $152,835.64 Cartegraph $ 63,934.72 $ 63,934.72 5 FY 2003. Adv. Data Comm. $178,305.63 $331,141.27 Cartegraph $ 72,868.78 $136,803.50 6 FY 2004 Adv. Data Comm. $178,230.77 $509,372.04 Cartegraph $ 60,947.79 $197,751.29 7 FY 2005 Adv. Data Comm. $190,099.09 $699,471.13 Cartegraph $ 62,980.02 $260,731.31 8 FY 2006 Estimate Adv. Data Comm. $160,604.74 $860,075.87 Cartegraph $ 60,740.97 $321,472.28 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 DUBUQUE TECH PARK INDUSTRIAL CENTER ON SITE IMPROVEMENTS 2 ADVANCED DATA COMM 3 HORIZON DUCARTE (CARTEGRAPH) 1997 1997 1998 1998 1998 1998 1999 1999 1999 1999 1999 2000 2000 2000 2000 2000 2000 2001 2001 2001 2001 2002 2002 2002 2003 Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds RISE Grant Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds TOTAL PROJECT 2005-2011 T1F Revenue Bonds 3-18-99 10 year bond issue $900,000 Company min. assessment agreement to cover debt 1999-2004 T1F Bonds - Principal 1999-2004 TIF Bonds - Interest 1999 Legal Fees 2000 Investment Earnings 2001 Investment Earnings 2002 Investment Earnings 2003 Investment Earnings 2004 Investment Eamings 2005 Investment Earnings 2006 Investment Earnings TOTAL PROJECT 2005-2011 T1F RevenlJe Bonds 12-01-99 10 year bond issue $360,000 w/min. assessment agreement to cover debt T1F Bonds - Principal TIF Bonds - Interest Legal Fees Investment Earnings Investment Earnings Investment Earnings Investment Earnings Investment Earnings Investment Earnings Investment Eamings TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA 2000-2004 2000-2004 2000 2000 2001 2002 2003 2004 2005 2006 $95,379.03 76,256.03 206,758.06 313,740.55 1,991,229.77 11,883.08 16,572.92 29,862.07 1,350.48 3,252.03 1,156,476.53 48,677 .44 12.76 2,820.23 20,000.00 69,193.22 1,010.74 17,618.35 3,852.72 8,162.49 (179,645.00) 16,472.00 4,778.00 784,803.00 1.215.95 $4,701,732.45 669,991.13 100,897.41 (100,650.00) (65,250.00) 230,008.87 303,601.05 5,669.73 (10,435.87) (9,431.46) (6,923.75) (5,008.62) (6,844.80) (8,191.12) (975.31) $1,096,457.26 271,851.13 57,423.62 (49,876.16) (31,680.00) 88,148.87 135,973.76 2,702.03 (2,771.75) (4,982.25) (3,518.43) (2,421.24) (2,649.94) (2,920.38) (487.65) $454,791.61 $6,252,981.32 Engineering & Design related Grading Contract Construction & Design Engineering Road Construction Grading and Utilities Contract MisceUaneous Engineering and Legal Services Consultant Services Miscellaneous Services Legal Services Construction Landscaping Miscellaneous Legal Fees Payment to Other Agencies Construction Contract Services from CEO Dept Legal Services Consultant Services Construction Interior Roads Legal Services Legal Services Construction Legal Services Principal Interest Debt Service Reserve Fd Bond Funds for 1 st 18 months debt Principal Paid Interest Paid Legal Fees Interest Eamings-Fd 124 ADC Interest Earnings-Fd 124 ADC Interest Eamings-Fd 124 ADC Interest Earnings-Fd 124 ADC Interest Earnings-Fd 124 ADC Interest Eamings-Fd 124 ADC Interest Eamings-Fd 124 ACe Principal Interest Debt Service Reserve Fd Bond Funds for 1 st 18 months debt Principal Paid Interest Paid Legal Fees Interest Eamings-Fd 128-Cartegraph (Ducarte) Interest Earnings-Fd 128-Cartegraph (Ducarte) Interest Eamings-Fd 128-Cartegraph (Ducarte) Interest Eamings-Fd 128-Cartegraph (Ducarte) Interest Eamings-Fd 128-Cartegraph (Ducarte) Interest Eamings-Fd 128-Cartegraph (Ducarte) Interest Earnings-Fd 128-Cartegraph (Ducarte) Revised Fiscal Year 2006 PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) ) SS COUNTY OF DUBUQUE) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $27,785,719.50, as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Dubuque Industrial Center Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $5,964,849.60 as shown by the attached Schedule 2. For Fiscal Year 2005-2006, the City requests that taxes be levied to the maximum extent in Tax Increment District #5, Tax Increment District #6, and Tax Increment District #32, as permitted by Section 403.19(2) and Ordinance No. 26-88 of the City of Dubuque, Iowa, to be paid into the special fund under that section. Dated this~L-- day of ,~ ,2005. ~L~ Ity Clerk Revised Fiscal Year 2006 PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Year Amount Received from Cumulative Payments No. Received Pavments Under Section 403.19(2) 1 FY 1991 $ 29,220.26 $ 29,220.26 2 FY 1992 $ 45,703.10 $ 74,923.36 3 FY 1993 $ 44,058.82 $ 118,982.18 4 FY 1994 $313,592.25 $ 432,574.43 5 FY 1995 $306,113.60 $ 738,688.03 6 FY 1996 $302,153.20 $1,040,841.23 7 FY 1997 $305,207.26 $1,346,048.49 8 FY 1998 $176,189.82 $1,522,238.31 9 FY 1999 $396,200.00 $1,918,438.31 10 FY 2000 $473,272.24 $2,391,710.55 11 FY 2001 $561,217.88 $2,952,928.43 12 FY 2002 $593,799.22 $3,546,727.65 13 FY 2003 $586,527.21 $4,133,254.86 14 FY 2004 $747,566.00 $4,880,820.86 15 FY 2005 $1,084,028.74 $5,964,849.60 16 FY 2006 $1,215,708.01 Estimate $7,180,557.61 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 METRIX COMPANY 1988 Urban Renewal T1F Rev. $125,000.00 Principal Note No.1 1988 29,722.00 Interest TOTAL PROJECT $154,722.00 2 NORDSTROM DISTR. 1991 108 Loan from HUD $1,000,000.00 Principal CENTER dated 3-5-91 379,188.00 Interest Expense Loan repayments 37,858.00 Issuance Expense have been completed (4,974.00) Interest Earnings (300,000.00) Capitalized Debt 2000 Loan Repay-Dub.lnfuturo 190,000.00 Land Acquistion Loan 11-30-90 TOTAL PROJECT $1,302,072.00 3 RADFORD RD RECONSTR. 1997 Advance from City Fds $238,516.00 Construction contract let 9-3-96 TOTAL PROJECT $238,516.00 4 PRECISION TOOL 1999 TIF Revenue Obligation Economic Development Grant $115,000 Max 2000 approved 4-1-96 19,166.67 with payments over 6 yrs Max (FY 98-03) 2001 20,928.00 of $19, 167/yr 2002 17,358.00 2003 16,924.00 2004 13,974.95 2005 14,417.65 Final Payment TOTAL PROJECT $102,769.27 5 WEBER PAPER COMPANY 1999 TIF Revenue Obligation $30,000.00 Economic Development Grant $150,000 2000 approved 11-17-97 33,950.00 with payments over 5 yrs (FY 99-03) 2001 33,332.00 of $30,000/yr. 2003 35,100.00 2003 17,618.00 Final Payment TOTAL PROJECT $150,000.00 6 COUNTY FARM INDUSTRIAL 1997 Advance from City Fds $197,895.97 Land acquisition rei. expense-Seigerts SITE DEVELOPMENT 1998 Advance from City Fds 177,024.00 Land acquisition reI. expense-Bergfelds 1998 Advance from City Fds 7,500.47 Easement acquisition 1998 Advance from City Fds 328,391.95 Engineering/Construction/legal Services 1999 RISE Grant (349,583.00) Interior Roads 1999 Sales Tax Refund (26,253.00) 1999 Reimbursement General (57,000.00) 1999 land Contract 59,642.00 land Contrct Payments-SeigertlBerfeld 1999 Advance from City Fds 27,724.00 Easement acquisition 1999 Advance from City Fds 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 Property Tax 2000 land Contract 59,642.00 land Contract Payments-SeigertlBerfeld 2000 Advance from City Fds 105,789.01 Consultant Services 2000 Advance from City Fds 1,583.71 Miscellaneous Services 2000 Advance from City Fds 3,393.00 legal Services 2000 Advance from City Fds 59,526.35 landscaping Contract 2000 Advance from City Fds 1,649,226.84 Construction 2000 Advance from City Fds 10,959.80 Services from Eng., CEO, Consulting Engineers 2001 TIF Payments 266,666.00 Alliant No Interest loan-1st of 3 payments 2001 land Contract 59,542.00 land Contrct Payments-SeigertlBerfeld 2001 legal Services 12,133.00 2001 Damage Claims 140,000.00 Grading Contractor 2001 Sales tax Refund (49,577.00) 2001 Advance from City Fds 22,050.00 Architectural Services 2001 Advance from City Fds 7,257.00 Consultant Services 2001 Advance from City Fds 270.00 Miscellaneous Services 2001 Advance from City Fds 312,041.00 Construction Contract 2001 Advance from City Fds 48,084.00 landscaping Contract PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.9 PROJ. # PROJECT TITLE 7 MISCELLANEOUS REVENUE 1996 AND EXPENSE 1997 1998 1999 2000 2001 2002 2003 2005 FY 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2002 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2004 2004 2004 2004 2004 2004 2004 2004 2004 2005 2005 2006 SOURCE TIF Payments Advance from City Fds land Contract Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds RISE Grant Land Contract Land Contract Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds Advance from City Fds TIF Payments Land Contract Land Contract Advance from City Fds Advance from City Fds Advance from City Fds TOTAL PROJECT TOTAL PROJECT 8 SPEC BUILDING-WELTER D 2007-14 TIF Generated Revenue 2005 Actual Taxes Paid 2006 Actual Taxes Paid 9 McGRAW HILL CORPORATION 2002 Partial value on building 2007-14 TIF Generated Revenue 2005 Actual Taxes Paid 2006 Actual Taxes Paid TOTAL PROJECT CITY FUNDING AMOUNT 266,667.00 84,000.00 57,024.00 22,877.13 44,330.50 8,931.84 1,802.84 8,032.00 114,000.00 11,051.15 70,114.89 (932.00) 41,093.50 15,857.59 16,193.14 2,423.65 583,148,07 (627,064.65) 55,946.00 616,000.00 (18,957.36) (2,424.00) 64,684.14 1,500.00 14,068.80 3,370.73 9,473.50 26,031.76 266,667.00 28,842.00 655,500.00 144.93 23,873.98 , 3,478.18 $11,092,057.09 ($10,716.82) (18,184.84) (18,551.61) (16,445.37) (41,742.38) (24,358.72) (14,850.85) (7,731.02) (8,439.58) ($161,021.19) 377,103.08 14,448.46 14,448.46 Est $406,000.00 2,428,276.46 $293,558.96 $303,534.58 Est $3,025,370.00 USE OF DOLLARS Alliant No Interest Loan-2nd of 3 payments Prepayment made 10-00 on Baloon Payment Land Contrct Payments-SeigerUBerfeld Architectural Services Consulting Engineers Legal Services Miscellaneous City Engineering Charges Vincent McFadden-Land Payment Construction-Buildings-Pavilion Landscaping Sales Tax Refund Consulting Engineers Legal Fees Landscaping City Engineering Charges Construction Contract Received Nov. 27, 2002 Land Contract Payment Balloon Payment-Seiger Fann Sales Tax Refund Alliant Payment-Chavanelle Rd Legal Fees Miscellaneous Landscaping City Engineering Charges Terracon Environmental Contract Construction Contract Alliant No Interest Loan-3rd of 3 payments Land Contract Payment Balloon Payment-Bergfeld Fann Signage Legal Fees Legal Fees Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Economic Dev. grant to Welter Devl. for 10 years beginning in FY 2005, no maximum Estimate of 10 years of TIF payments Economic Dev. grant for 10 years beginning in FY 2005, no maximum January 1,2002 value $2,712,780 January 1, 2003 value $9,292,660 Estimate of 10 years of TIF payments PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.9 PROJ. # PROJECT TITLE 10 GIESE FY SOURCE 2007-14 TIF Generated Revenue 2005 TIF Generated Revenue 2006 TIF Generated Revenue 11 VESSEL SYSTEMS 2004-05 TIF Bonds--Principal 2004-05 TIF Bonds-Interest 2006-15 TIF Bonds-Principal TIF Bonds-Interest 12 ADAMS COMPANY 2004-05 TIF Bonds-Principal 2004-05 TIF Bonds-Interest 2006-15 TIF Bonds-Principal TIF Bonds-Interest TOTAL PROJECT 13 DICW EXPANSION PROJECT *Incl ParkfTrail & Synergy Court 2005 TIF Bonds-Principal TfF Bonds-Interest TIF Bonds--Principal TIF Bonds--Interest TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA CITY FUNDING AMOUNT 285,200.00 $41,139.64 $35,650.00 Est $361,989.64 $0.00 11,164.66 140,000.00 71,711.66 $222,896.32 $45,454.54 26,455.00 454,545.46 101,693.47 $628,148.47 $4,270,000.00 $2,033,667.94 $2,995,000.00 $963,531.96 $10,262,199.90 $27785,719.50 USE OF DOLLARS Economic Dev. grant for 10 years beginning in FY 2005, no maximum Estimate of 10 years ofTIF payments TIF borrowing of $140,000 to be repaid over 10 years TIF borrowing of $500,000 to be repaid over 10 years Tax Exempt TIF borrowing of $4,270,000 to be repaid over 16 years Taxable TIF borrowing of $2,995,000 to be repaid over 11 years Fiscal Year 2007 PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) )SS COUNTY OF DUBUQUE) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $27,785,719.50, as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Dubuque Industrial Center Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $5,964,849.60 as shown by the attached Schedule 2. For Fiscal Year 2006-2007, the City requests that taxes be levied to the maximum extent in Tax Increment District #5, Tax Increment District #6, and Tax Increment District #32, as permitted by Section 403.19(2) and Ordinance No. 26-88 of the City of Dubuque, Iowa, to be paid into the special fund under that section. Dated thiSY~ day of ~~ ,2005. ~~a- Clerk Fiscal Year 2007 PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Year Amount Received from Cumulative Payments No. Received Pavments Under Section 403.19(2) 1 FY 1991 $ 29,220.26 $ 29,220.26 2 FY 1992 $ 45,703.10 $ 74,923.36 3 FY 1993 $ 44,058.82 $ 118,982.18 4 FY 1994 $313,592.25 $ 432,574.43 5 FY 1995 $306,113.60 $ 738,688.03 6 FY 1996 $302,153.20 $1,040,841.23 7 FY 1997 $305,207.26 $1,346,048.49 8 FY 1998 $176,189.82 $1,522,238.31 9 FY 1999 $396,200.00 $1,918,438.31 10 FY 2000 $473,272.24 $2,391,710.55 11 FY 2001 $561,217.88 $2,952,928.43 12 FY 2002 $593,799.22 $3,546,727.65 13 FY 2003 $586,527.21 $4,133,254.86 14 FY 2004 $747,566.00 $4,880,820.86 15 FY 2005 $1,084,028.74 $5,964,849.60 16 FY 2006 $1,215,708.01 Estimate $7,180,557.61 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 METRIX COMPANY 1988 Urban Renewal TIF Rev. $125,000.00 Principal Note No. 1 1988 29,722.00 Interest TOTAL PROJECT $154,722.00 2 NORDSTROM DISTR. 1991 108 Loan from HUD $1,000,000.00 Principal CENTER dated 3-5-91 379,188.00 Interest Expense Loan repayments 37,858.00 Issuance Expense have been completed (4,974.00) Interest Earnings (300,000.00) Capitalized Debt 2000 loan Repay-Dub.lnfuturo 190,000.00 land Acquistion Loan 11-30~90 TOTAL PROJECT $1,302,072.00 3 RADFORD RD RECONSTR. 1997 Advance from City Fds $238,516.00 Construction contract let 9-3-96 TOTAL PROJECT $238,516.00 4 PRECISION TOOL 1999 TIF Revenue Obligation Economic Development Grant $115,000 Max 2000 approved 4-1-96 19,166.67 with payments over 6 yrs Max (FY 98-03) 2001 20,928.00 of$19,167/yr 2002 17,358.00 2003 16,924.00 2004 13,974.95 2005 14,417.65 Final Payment TOTAL PROJECT $102,769.27 5 WEBER PAPER COMPANY 1999 TIF Revenue Obligation $30,000.00 Economic Development Grant $150,000 2000 approved 11-17-97 33,950.00 with payments over 5 yrs (FY 99-03) 2001 33,332.00 of $30,0001yr. 2003 35,100.00 2003 17,618.00 Final Payment TOTAL PROJECT $150,000.00 6 COUNTY FARM INDUSTRIAL 1997 Advance from City Fds $197,895.97 land acquisition reI. expense-Seigerts SITE DEVELOPMENT 1998 Advance from City Fds 177,024.00 Land acquisition rei. expense-Bergfelds 1998 Advance from City Fds 7,500.47 Easement acquisition 1998 Advance from City Fds 328,391.95 Engineering/Construction/legal Services 1999 RISE Grant (349,583.00) Interior Roads 1999 Sales Tax Refund (26,253.00) 1999 Reimbursement General (57,000.00) 1999 land Contract 59,542.00 land Contrct Payments-SeigertlBerfeld 1999 Advance from City Fds 27,724.00 Easement acquisition 1999 Advance from City Fds 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 Property Tax 2000 land Contract 59,642.00 land Contract Payments-SeigertlBerfeld 2000 Advance from City Fds 105,789.01 Consultant Services 2000 Advance from City Fds 1,583.71 Miscellaneous Services 2000 Advance from City Fds 3,393.00 legal Services 2000 Advance from City Fds 59,526.35 landscaping Contract 2000 Advance from City Fds 1,649,226.84 Construction 2000 Advance from City Fds 10,959.80 Services from Eng., CEO, Consulting Engineers 2001 TfF Payments 266,666.00 Alliant No Interest loan-1st of 3 payments 2001 Land Contract 59,642.00 land Contrct Payments-SeigertlBerfeld 2001 Legal Services 12,133.00 2001 Damage Claims 140,000.00 Grading Contractor 2001 Sales tax Refund (49,577.00) 2001 Advance from City Fds 22,050.00 Architectural Services 2001 Advance from City Fds 7,257.00 Consultant Services 2001 Advance from City Fds 270.00 Miscellaneous Services 2001 Advance from City Fds 312,041.00 Construction Contract 2001 Advance from City Fds 48,084.00 landscaping Contract 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 2002 TIF Payments 266,667.00 Alliant No Interest Loan-2nd of 3 payments 2002 Advance from City Fds 64,000.00 Prepayment made 10-00 on Baloon Payment 2002 Land Contract 57,024.00 Land Contret Payments-SeigertlBerfeld 2002 Advance from City Fds 22,677.13 Architectural Services 2002 Advance from City Fds 44,330.50 Consulting Engineers 2002 Advance from City Fds 6,931.64 Legal Services 2002 Advance from City Fds 1,602.64 Miscellaneous 2002 Advance from City Fds 8,032.00 City Engineering Charges 2002 Advance from City Fds 114,000.00 Vincent McFadden-Land Payment 2002 Advance from City Fds 11,051.15 Construction-Buildings-Pavilion 2002 Advance from City Fds 70,114.69 Landscaping 2002 Advance from City Fds (932.00) Sales Tax Refund 2003 Advance from City Fds 41,093.50 Consulting Engineers 2003 Advance from City Fds 15,857.59 Legal Fees 2003 Advance from City Fds 16,193.14 Landscaping 2003 Advance from City Fds 2,423.65 City Engineering Charges 2003 Advance from City Fds 563,146.07 Construction Contract 2003 RISE Grant (627,064.65) Received Nov. 27, 2002 2003 Land Contract 55,946.00 Land Contract Payment 2003 Land Contract 616,000.00 Balloon Payment.Seiger Farm 2003 Advance from City Fds (16,957.36) Sales Tax Refund 2003 Advance from City Fds (2,424.00) Alliant Payment-Chavanelle Rd 2004 Advance from City Fds 64,664.14 Legal Fees 2004 Advance from City Fds 1,500.00 Miscellaneous 2004 Advance from City Fds 14,066.60 Landscaping 2004 Advance from City Fds 3,370.73 City Engineering Charges 2004 Advance from City Fds 9,473.50 T erracon Environmental Contract 2004 Advance from City Fds 26,031.76 Construction Contract 2004 TIF Payments 266,667.00 AlIiant No Interest Loan.3rd of 3 payments 2004 Land Contract 28.642.00 Land Contract Payment 2004 Land Contract 655,500.00 Balloon Payment.Bergfeld Farm 2005 Advance from City Fds 144.93 Signage 2005 Advance from City Fds 23,673.96 Legal Fees 2006 Advance from City Fds 3,476.16 Legal Fees TOTAL PROJECT $11,092,057.09 7 MISCELLANEOUS REVENUE 1996 ($10,716.62) Interest Earnings AND EXPENSE 1997 (16,164.64) Interest Earnings 1996 (16,551.61) Interest Earnings 1999 (16,445.37) Interest Earnings 2000 (41,742.36) Interest Earnings 2001 (24,356.72) Interest Earnings 2002 (14,650.65) Interest Earnings 2003 (7,731.02) Interest Earnings 2005 (6,439.56) Interest Earnings TOTAL PROJECT ($161,021.19) 6 SPEC BUILDING-WELTER D 2007-14 TIF Generated Revenue 377,103.06 Economic Dev. grant to Welter 2005 Actual Taxes Paid 14,446.46 Devl. for 10 years beginning 2006 Actual Taxes Paid 14,446.46 Est in FY 2005, no maximum $406,000.00 Estimate of 10 years of TIF payments 2002 Partial value on building 2007.14 TIF Generated Revenue 2005 Actual Taxes Paid 2006 Actual Taxes Paid TOTAL PROJECT 2,428,276.46 $293,558.96 $303,534.56 Est $3,025,370.00 Economic Dev. grant for 10 years beginning in FY 2005, no maximum January 1, 2002 value $2,712,760 January 1, 2003 value $9,292,660 Estirnate of 10 years ofTIF payments 9 McGRAW HILL CORPORATION PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.9 PROJ. # PROJECT TITLE 10 GIESE FY SOURCE 2007-14 TIF Generated Revenue 2005 TIF Generated Revenue 2006 T1F Generated Revenue 11 VESSEL SYSTEMS 2004-05 TIF Bonds-Principal 2004-05 TIF Bonds-Interest 2006-15 TIF Bonds-Principal TIF Bonds-Interest 12 ADAMS COMPANY 2004-05 TIF Bonds-Principal 2004-05 TIF Bonds-Interest 2006-15 TIF Bonds-Principal TIF Bonds-Interest TOTAL PROJECT 13 DICW EXPANSION PROJECT "Incl ParkfTrail & Synergy Court 2005 TIF Bonds--Principal TIF Bonds--Interest TIF Bonds--Principal TIF Bonds--Interest TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA CITY FUNDING AMOUNT 285,200.00 $41,139.64 $35,650.00 Est $361,989.64 $0.00 11,184.66 140,000.00 71,711.66 $222,896.32 $45,454.54 26,455.00 454,545.46 101,693.47 $628,148.47 $4,270,000.00 $2,033,667.94 $2,995,000.00 $963,531.96 $10,262,199.90 $27,785,719.50 USE OF DOLLARS Economic Dev. grant for 10 years beginning in FY 2005, no maximum Estimate of 10 years ofTIF payments TIF borrowin9 of $140,000 to be repaid over 10 years TIF borrowing of $500,000 to be repaid over 10 years Tax Exempt TIF borrowing of $4,270,000 to be repaid over 16 years Taxable TIF borrowing of $2,995,000 to be repaid over 11 years Revised Fiscal Year 2006 PROJECT DESIGNATION: EAST 7TH STREET ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $212,671.76, as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "East 7th Street Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $116,385.64 as shown by the attached Schedule 2. For Fiscal Year 2005-2006, the City requests that taxes be levied to the maximum amount available as permitted by Section 403.19(2) and be paid into the special fund under that section. ---5/1/~ A / / / / Datedthis..;/u day of /~K~ ,2005. ~~a;-~ Ity Clerk Dubuque, Iowa Revised Fiscal Year 2006 PROJECT DESIGNATION: EAST 7TH STREET ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received from Payments Under Cumulative No. Year Received Section 403.19(2) Pavments 1 FY 1999 $ 437.00 $ 437.00 2 FY 2000 $18,119.66 $18,556.66 3 FY 2001 $21,940.02 $40,496.68 4 FY 2002 $21,041.22 $61,537.90 5 FY 2003 $20,091.36 $81,629.26 6 FY 2004 $14,561.78 $96,191.04 7 FY 2005 $20,194.60 $116,385.64 8 FY 2006 Estimate $41,306.40 $157,692.04 PROJECT DESIGNATION: EAST 7TH STREET ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement under Section 403.19(2) PROJ. # PROJECT TITLE MORRISON BROTHERS 1997 1997 2000 2001 2002 2003 2004 2005 2006-09 FY SOURCE AMOUNT $15,747.00 213.30 18,119.66 22,398.00 21,928.00 19,509.42 14,561.78 20,194.60 80,000.00 $212,671.76 Advance from City Fds Advance from City Fds T1F Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TOTAL PROJECT USE OF DOLLARS Storm Sewer to building site Legal Services Economic Oevelopment Grant for over 10 years based on min. assessment agreement est. to generate $23,214 per yr. No maximum Est Fiscal Year 2007 PROJECT DESIGNATION: EAST 7TH STREET ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $212,671.76, as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "East 7th Street Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $116,385.64 as shown by the attached Schedule 2. For Fiscal Year 2006-2007, the City requests that taxes be levied to the maximum amount available as permitted by Section 403.19(2) and be paid into the special fund under that section. Dated this 5Y~day of 4-/<~~ ,2005. a~</~adrd2v/ ty Clerk Dubuque, Iowa Fiscal Year 2007 PROJECT DESIGNATION: EAST 7TH STREET ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received from Payments Under Cumulative No. Year Received Section 403.19(2) Pavments 1 FY 1999 $ 437.00 $ 437.00 2 FY 2000 $18,119.66 $18,556.66 3 FY 2001 $21,940.02 $40,496.68 4 FY 2002 $21,041.22 $61,537.90 5 FY 2003 $20,091.36 $81,629.26 6 FY 2004 $14,561.78 $96,191.04 7 FY 2005 $20,194.60 $116,385.64 8 FY 2006 Estimate $41,306.40 $157,692.04 PROJECT DESIGNATION: EAST 7TH STREET ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement under Section 403.19(2) PROJ. # PROJECT TITLE MORRISON BROTHERS 1997 1997 2000 2001 2002 2003 2004 2005 2006-09 FY SOURCE AMOUNT $15,747.00 213.30 18,119.66 22,398.00 21,928.00 19,509.42 14,561.78 20,194.60 80,000.00 $212,671.76 USE OF DOLLARS Storm Sewer to building site Legal Services Economic Development Grant for over 10 years based on min. assessment agreement est. to generate $23,214 per yr. No maximum Est Advance from City Fds Advance from City Fds TIF Revenue Obligation TIF Revenue Obligation T1F Revenue Obligation TIF Revenue Obiigation TIF Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TOTAL PROJECT Revised Fiscal Year 2006 PROJECT DESIGNATION: SWISS VALLEY ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $168,866.92, as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Swiss Valley Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $447.48 as shown by the attached Schedule 2. For Fiscal Year 2005-2006, the City requests that taxes be levied to the maximum amount permitted by Section 403.19(2) to be paid to the special fund under that section. Dated this. 3:;?/tZ/ day of ~~~ ,2005 J~C~kd2J Ity Clerk Dubuque, Iowa Revised Fiscal Year 2006 PROJECT DESIGNATION: SWISS VALLEY ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received from Payments Under Cumulative No. Year Received Section 403.19(2) Pavments 1 FY 2000 $ 447.48 $ 447.48 2 FY 2001 $ 0 $ 447.48 3 FY 2002 $ 0 $ 447.48 4 FY 2003 $ 0 $ 447.48 5 FY 2004 $ 0 $ 447.48 6 FY 2005 $ 0 $ 447.48 7 FY 2006 Estimate $1,309.39 $1,756.87 PROJECT DESIGNATION: SWISS VALLEY ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement under Section 403.19(2) PROJ. # PROJECT TITLE SWISS VALLEY COMPANY EXPANSION 1999 2000 2000 2001 2001 2002 2002 2003 2003 2004 2005 2006 FY SOURCE TIF Revenue Obligation Rebate Investment Earnings Rebate Investment Earnings Rebate Investment Earnings Rebate Investment Earnings Rebate Rebate Rebate TOTAL PROJECT AMOUNT $167,657.00 $0.00 (10.06) 0.00 (27.14) 0.00 (22.26) 0.00 (13.62) 0.00 0.00 1,283.00 $168,866.92 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. Fiscal Year 2007 PROJECT DESIGNATION: SWISS VALLEY ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $168,866.92, as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Swiss Valley Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $447.48 as shown by the attached Schedule 2. For Fiscal Year 2006-2007, the City requests that taxes be levied to the maximum amount permitted by Section 403.19(2) to be paid to the special fund under that section. Dated this ~<-c:tay of ~/~k ,2005 tf~/L/-~ . Clerk Dubuque, Iowa Fiscal Year 2007 PROJECT DESIGNATION: SWISS VALLEY ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Received Under Section 403.19(2) Amount Received from Payments Under Cumulative No. Year Received Section 403.19(2) Pavments 1 FY 2000 $ 447.48 $ 447.48 2 FY 2001 $ 0 $ 447.48 3 FY 2002 $ 0 $ 447.48 4 FY 2003 $ 0 $ 447.48 5 FY 2004 $ 0 $ 447.48 6 FY 2005 $ 0 $ 447.48 7 FY 2006 Estimate $1,309.39 $1,756.87 PROJECT DESIGNATION: SWISS VALLEY ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement under Section 403.19(2) PROJ. # PROJECT TITLE SWISS VALLEY COMPANY EXPANSION 1999 2000 2000 2001 2001 2002 2002 2003 2003 2004 2005 2006 FY SOURCE AMOUNT $167,657.00 $000 (10.06) 0.00 (27.14) 0.00 (22.26) 0.00 (13.62) 0.00 0.00 1,283.00 $168,866.92 TIF Revenue Obligation Rebate Investment Earnings Rebate Investment Earnings Rebate I nvestment Earnings Rebate Investment Earnings Rebate Rebate Rebate TOTAL PROJECT 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. Revised Fiscal Year 2006 PROJECT DESIGNATION: QUEBECOR ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $599,842.07, as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Quebecor Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $15,108.19 as shown by the attached Schedule 2. For Fiscal Year 2005-2006, the City requests that taxes be levied to the maximum amount permitted by Section 403.19(2) to be paid to the special fund under that section. Dated this ~L-day of ~ ,2005. ;t~f~4/ ty Clerk Dubuque, Iowa Revised Fiscal Year 2006 PROJECT DESIGNATION: QUEBECOR ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Record Under Section 403.19(2) Amounts Received Year from Payments under Cumulative Number Received Section 403.19(2) Pavments 1 FY 2004 $ 0 $ 0 2 FY 2005 $ 15,108.19 $15,108.19 3 FY 2006 Estimate $ 11,994.18 $ 27,102.37 PROJECT DESIGNATION: QUEBECOR ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ. # PROJECT TITLE FY SOURCE QUEBECOR 2003 TIF revenue 10 year economic rebate Actual TIF Rebate Investment Earnings 2005 2005 TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA AMOUNT 584,891.81 Est. 15,108.19 (157,93) $599,842.07 $599,842.07 USE OF DOLLARS 10 year economic developmen grant, no maximum Fiscal Year 2007 PROJECT DESIGNATION: QUEBECOR ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) Certificate of City Clerk of Dubuque, Iowa, to Dubuque County Auditor pursuant to the Code of Iowa Section 403.19(2). I certify that the City of Dubuque, Iowa, has issued and expended a total of $599,842.07, as shown by the attached Schedule 1, derived from loans, advances, indebtedness or bonds, principal and interest, issued or advanced in furtherance of the urban renewal project designated "Quebecor Economic Development District". I further certify that the City has heretofore received payments into the special tax increment fund under Code of Iowa Section 403.19(2) applicable to the aforesaid expenditures in the amount of $15,108.19 as shown by the attached Schedule 2. For Fiscal Year 2006-2007, the City requests that taxes be levied to the maximum amount permitted by Section 403.19(2) to be paid to the special fund under that section. . /tV Dated this :3:J day of ~~ ,2005. ~f&:h/~ Ity Clerk Dubuque, Iowa Fiscal Year 2007 PROJECT DESIGNATION: QUEBECOR ECONOMIC DEVELOPMENT DISTRICT Schedule 2 Tax Increment Reimbursement Record Under Section 403.19(2) Amounts Received Year from Payments under Cumulative Number Received Section 403.19(2) Pavments 1 FY 2004 $ 0 $ 0 2 FY 2005 $ 15,108.19 $15,108.19 3 FY 2006 Estimate $ 11,994.18 $ 27,102.37 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 QUEBECOR 2003 TIF revenue 10 year economic rebate 2005 Actual TIF Rebate 2005 Investment Earnings TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA 584,891.81 Est. 10 year economic developmen grant, no maximum 15,108.19 (157.93) $599,842.07 $599,842.07