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Tax Increment Financing Report 2006 DU~~E ~c/N.-~ MEMORANDUM December 12, 2006 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: 2006 Annual Tax Increment Financing Report Economic Development Director David Heiar is transmitting the 2006 summary report on the City's use of Tax Increment Financing to support private economic development projects. ()1J ~ ,/hL Mi6hael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager David Heiar, Economic Development Director CITY OF DUBUQUE, IOWA MEMORANDUM December 13, 2006 TO: FROM: Michael Van Milligen, City Manager David Heiar, Economic Development Director 'f:l:MJ 2006 ANNUAL Tax Increment Financing RE~;'~' SUBJECT: Introduction This memorandum transmits to the City Council the 2006 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. Due to a change in the state reporting format, a revised TIF report will be submitted at a later date. 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 1983-2005, the City 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. For 2006, 12 private projects were approved by the City Council. The decision to limit the City's TIF commitments on private economic development projects to 1 O-year terms has been a general City Council policy. The maximum length of any commitment is also based on the individual urban renewal district's duration. 2006 T1F Projects The City finalized 10 projects and has 2 pending agreements in 2006. The following is a description of each project organized by Urban Renewal Area. The City finalized four projects located in the Dubuque Industrial Center West. The first was a 10-year 100% TIF rebate for an expansion to Giese Manufacturing. The project will create 15 new jobs. The second is a 10-year 100% TIF rebate for a new facility for Dubuque Screw Products. The project allows for Dubuque Screw to relocate their operations and create 10 new jobs. The third project is a 10-year TIF bond to be issued for Theisen Supply to construct a new headquarters and distribution facility. The project will create 10 new jobs. The fourth is a 9-year 100% TIF rebate for National Dentex to construct a new manufacturing facility. The project will create 10 new jobs. Three projects located in the Greater Downtown Urban Renewal District have been finalized and two projects have been agreed upon. The first was a 10-year 100% TIF rebate to McGraw-Hili to construct an $18,000,000 4-story office building in the Port of Dubuque. The project will retain 276 full-time and 113 part-time jobs and create 24 full- time and 5 part time jobs. The second was the Dubuque Star Brewery to assist in a $6.5 million investment to the building. The third was a 10-year 100% TIF rebate for the remodel of Cottingham &Butler's Security Building. A $300,000 Downtown Rehabilitation loan was also provided for the project. The fourth is an agreement a 10- year 100% TIF rebate for the remodel of Cottingham & Butler's House of China Building. A $300,000 Downtown Rehabilitation loan was also provided for the project. Both Cottingham & Butler projects combined will retain 311 employees and create 90 new jobs. The fifth project is a 1 O-year 60% TIF rebate for the remodel of the former Hartig Drug Store for McGladrey and Pullen's new office. A $300,000 Downtown Rehabilitation loan was also provided for the project. Two projects have been finalized in the Dubuque Technology Park. The first is a 10- year 100% TIF rebate to Kunkel, Bounds, and Associates to move its operations to Dubuque, construct a new headquarters, and bring 24 jobs to the community. The second project is a 1 O-year 82% rebate for the construction of an office for Sedgwick CMS to create 75 jobs in Dubuque. The building will also house the offices for Straka Johnson Architects. One was finalized in the Kerper Boulevard Urban Renewal Area. A 10-year 100% TIF rebate will begin once redevelopment has completed for the 151/61 development (former Dubuque Pack site). This project may develop in phases. No TIF rebate is allowed for any type of Big Box development. In 2006, an additional $25,000 of TIF revenue was placed into the Downtown Rehabilitation Loan pool. The Council approved 4 new projects this year for a total additional commitment of $1 ,270,000. Based on these commitments the loan pool will not be available for other projects until FY2015. 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 recaptialization to make it more viable. For maintenance of the Iowa Street Annual Urban Renewal Project Report filed with County Auditor By December 1 sl 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. Due to a change in the state reporting format, a revised report will be submitted. Since 1983, the total qualifying expenses in all districts is $70,909,467. This includes both public and private projects. Through FY2006, the City has received $20,391,930 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, 73% of the expenses have been for public projects, including new 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 23-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 2006 Annual TIF Report. attachments Prepared by: Aaron M. DeJong, Assistant Economic Development Director F:IUSERSlAdejongITIF Report\20061TIFREPORTmemo 2006.doc November 30, 2006 TO THE CITY OF DUBUQUE The undersigned hereby acknowledges receipt of certificates for "Revised Fiscal Year 2007" and "Fiscal Year 2008" 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) Dated at Dubuque, Iowa this day of ,2006. Dubuque County Auditor Revised 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$26,727,713.29, 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 $9,561 ,635.01 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 reqJ6sts that the "Downtown Sub Areas - Upper Mai", Town Clock Plaza and Old Main" taxes be levied to the maximum extent in the amount of 1 00% of the taxes generated by Tax I ncrement 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. .~ Dated this~ day of ~ ,2006. y Clerk Dubuque, Iowa Revised 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 r Y 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 Revised 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 $1,450,644.49 $9,561,635.01 24 FY 2007 (Estimate) $2,059,874.00 $11,621,509.01 Revised 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) Payments 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 $26,727,713.29 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 (5,730.46) 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 (809.52) Interest Earnings 2005 Advance from City Fds (3,131.56) Interest Earnings 2006 Advance from City Fds (1,484.70) Interest Earnings 2006 Advance from City Fds (59,017.00) Stealth Racing Relocation Costs 2006 Advance from City Fds (10,000.00) RIC>U..Il:f";tioo WatI 2006 Advance from City Fds (37,000.00) Riverside Electric Service 2006 Advance from City Fds (85,810.00) Railroad Property/Bell St. 2006 Advance from City Fds (2,500.00) Appraisal services 2006 Advance from City Fds 11,317.44) Legal Services TOTAL PROJECT $1,335,648.67 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 2004-05 Advance from City Fds 2005-06 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 6,455,133.01 (12,591,558.00) (672,375.00) 855.66 1,966.80 594.72 99,778.00 73,704.00 58,498.00 0.00 504,526.00 $6,291,123.19 $7,626,771.86 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 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 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 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 Joan 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 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 Construdion 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 S1. 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. 2007-21 G.O. TIF Bonds 865,000.00 Main St Opening 5th - 9th 2007-21 G.O. TIF Bonds-Int Exp 364,675.00 Main St Opening 5th - 9th 2001-06 GO TIF Bonds - Principal 135,000.00 Actual Principal Paid 2001-06 GO TIF Bonds -Interest 182,976.88 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 TI F 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 2007-20 GO llF Bonds-Principal 2007-20 GO TIF Bonds-Interest 2001-06 GO TIF Bonds-Principal 2001-06 GO TIF Bonds -Interest TOTAL PROJECT 11 MISCELLANEOUS TIF FD 1996 REVENUES AND EXP. 1997 1998 1999 1998 Advance from City Fds 1999 1999/00 Advance from City Fds 2001 2003 Advance from City Fds 2005 Combining of TIF Distrids 2006 Advance from City Fds 2006 Advance from City Fds TOTAL PROJECT 12 PRUDENTIAL PROJECT (CIGNA) 2000 2003 2004 2005 2006 2007 Advance from City Fds Cigna Tax Payments-TIF Clgna Tax Payments-TIF Cigna Tax Payments-TIF Cigna Tax Payments-TIF Cigna Tax Payments-TIF TOTAL PROJECT 13 COTTINGHAM & BUTLER 2004-05 TIF revenues generated 2006-07 by projed-1 st 4 yrs 100% 2008 5th Year 75% 2009 6th Year 50% 2010 7th Year 25% TOTAL PROJECT 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 4,635,000.00 1,810,391.00 1,016,565.50 1,505,174.97 $9,372,627.37 ($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 2,681.79 623.70 ($36,240.64) $1,500.00 263,198.00 264,537.12 282,549.52 279,665.48 317,071.38 $1,408,521.50 $27,666.22 47,689.59 18,718.30 12,478.87 6,239.43 $112,792.41 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/Oolans 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 Legal Fees Consultant Services 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 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 14 BRICKTOWN 2005 TIF revenues generated 2006-08 by project-1 sl 4 yrs 100% 2009 5th Year 75% 2010 61h Year 50% 2011 7th Year 25% TOTAL PROJECT 15 HEARTLAND FINANCIAL 2006 Heartland TIF Payment 2007-15 TI F revenues generated by project over 10 yrs TOTAL PROJECT 16 KUNKEL-BRIGGS (LOWER MAIN) 2004 T1F bonds-principal 2004 TIF bonds-interesl 17 TRI-STATES INDUSTRIES 2007-17 TIF revenue 10 year economic rebate TOTAL PROJECT 18 FEDERAL BUILDING RENOVATION 2007 Advance from City Fds TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA AMOUNT JSE OF DOLLARS $16,934.06 59,711.62 15,471.41 10,314.27 5,157.14 $107,588.49 $30,554.49 447,445.51 $478,000.00 $182,000.00 111,816.66 $293,816.66 Historic Preservation Rebate program Est Defined tax rebate program over 8 yrs Est Increment value of $564,190 Est Est Economic development rebate program Est. over 10 years commencing with 12-1-05 TIF filing TIF bonds to be repaid over 10 years $450,060.00 $450,060.00 Est. 10 year economic development grant, no max Eslimaled Incre. Value of $1 ,400,000 $1,097.44 $1,097.44 $19,100,941.43 Miscellaneous Services Fiscal Year 2008 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 $26,727,713.29, 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 $9,561 ,635.01 as shown by the attached Schedules #2. For Fiscal Year 2007-2008, 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 '((Car 2007.-2008, 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 byTax 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. this. ~ day of ,2006. ty Clerk Dubuque, Iowa Fiscal Year 2008 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 2008 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 $1,450,644.49 $9,561,635.01 24 FY 2007 (Estimate) $2,059,874.00 $11,621,509.01 Fiscal Year 2008 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) Payments 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 $26,727,713.29 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 5394.266.00 Land Acquisition OEVELOPMENT 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 (1,484.70) Interest Earnings 2006 Advance from City Fds (59.017.00) Stealth Racing Relocation Costs 2006 Adv.Ince from City Fds (10.000.00) Recognition Wall 2006 Advance from City Fds (37.000.00) Riverside Electric Service 2006 Advance from City Fds (85,810.00) Railroad PropertylBell St. 2006 Advance from City Fds (2.500.00) Appraisal Services 2006 Advance from City Fds (1.317.441 Legal Services TOTAL PROJECT 51.335.648.67 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 2004-05 Advance from City Fds 2005-06 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 6.455,133.01 (12.591,558.00) (672.375.00) 855.66 1.966.80 594.72 99.778.00 73,704.00 58,498.00 0.00 504.526.00 56.291.123.19 $7.626,771.86 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 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 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-BLOG 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 TIF Revenue 90,000.00 Addition to Joan 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 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 En9. 1999 Advance from City Fds 75,820.00 8th St. Openin9 Const. 2000 Advance from City Fds 129,198.88 8th 5t. Opening Const. 2007-21 G.O. TIF Bonds 865,000.00 Main St Opening 5th - 9th 2007-21 G.O. TIF Bonds-Int Exp 364,675.00 Main 5t Openin9 5th - 9th 2001-06 GO TIF Bonds - Principal 135,000.00 Actual Principal Paid 2001-06 GO TIF Bonds -Interest 182,976.88 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 Wirin9 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 Property Tax Sale Rei 2001 Environmental Testing 2007-20 GO TlF Bonds-Principal 2007-20 GO TIF Bonds-Interest 2001-06 GO TIF Bonds-Principal 2001-06 GO TIF Bonds - Interest TOTAL PROJECT 11 MISCELLANEOUS TIF FD 1996 REVENUES AND EXP. 1997 1998 1999 1998 Advance from City Fds 1999 1999/00 Advance from City Fds 2001 2003 Advance from City Fds 2005 Combining of TIF Districts 2006 Advance from City Fds 2006 Advance from City Fds 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-TIF Cigna Tax Payments-TIF Cigna Tax Payments-TIF TOTAL PROJECT 13 COTTINGHAM & BUTLER 2004-05 TIF revenues generated 2006-07 by project-1 st 4 yrs 100% 2008 5th Year 75% 2009 6th Year 50% 2010 7th Year 25% TOTAL PROJECT AMOUNT JSE OF DOLLARS $16,494.00 17,368.00 18,873.62 1 9,642.33 21,019.57 10,602.48 $104,000.00 $89,977.63 314,908,27 (1,975.00) (2,310.00) 4,895.00 4,635,000.00 1,810,391.00 1,016,565.50 1,505,174.97 $9,372,627.37 ($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 2,681.79 623.70 ($36,240,84) $1,500.00 263,198.00 284,537.12 282,549.52 279,665.48 317,071.38 $1,408,521.50 $27,666.22 47,689.59 18,718.30 12,478.87 6,239.43 $112,792.41 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 MerchantslDolans 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 Legal Fees Consultant Services 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 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 14 BRICKTOWN 2005 TIF revenues generated 2006-08 by project-1st 4 yrs 100% 2009 5th Year 75% 2010 6th Year 50% 2011 7th Year 25% TOTAL PROJECT 15 HEARTLAND FINANCIAL 2006 Heartland TIF Payment 2007-15 TIF revenues generated by project over 10 yrs TOTAL PROJECT 16 KUNKEL-BRIGGS (LOWER MAIN) 2004 T1F bonds-principal 2004 TI F bonds-interest 17 TRI-STATES INDUSTRIES 2007-17 TIF revenue 10 year economic rebate TOTAL PROJECT 18 FEDERAL BUILDING RENOVATION 2007 Advance from City Fds TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA AMOUNT JSE OF DOLLARS $16,934.06 59,711.62 15,471.41 10,314.27 5,157.14 $107,588.49 Historic Preservation Rebate program Est Defined tax rebate program over 8 yrs Est Increment value of $564,190 Est Est $30,554.49 447,445.51 Economic development rebate program Est. over 10 years commencing with 12-1-05 TIF filing $478,000.00 $182,000.00 111,816.66 $293,816.66 T1F bonds to be repaid over 10 years 450,060.00 Est. 10 year economic development grant, no max Estimated Incre. Value of $1 ,400,000 $450,060.00 1,097.44 Miscellaneous Services $1,097.44 $19,100,941.43 Revised 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 $6,992,570.75, 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 $2,281,634.20, as shown by the attached Schedule 2. For Fiscal Year 2006-2007, the City requests that taxes be levied in the maximum amount permitted by Section 403.19(2) and C,"'::ba:1ce Nc. 13-94 of the City of Dubuque, Iowa, to be paid to the special fund under that section. Dated thi$ ~ay of ~. , ,2006. Ity Clerk Dubuque, Iowa Revised 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) 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 $3i,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 $599,406.26 2,281,634.20 9 FY 2007 Estimate $607,231.00 2,888,865.20 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 EnvironmentalfTaxes 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 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 (4,986.02) 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 3.259.08 Legal Services 2006 Advance from City Funds 509.42 City Engineering Services 2007 Advance from City Funds (165.36) YTD Investment Earnings ,-OT AL PRO"ECT $2.063.650.16 2 EAGLE WINDOW (ALLC) 2007-12 TIF Revenue Bond Issue-Principal $2,224,750.17 Principal 2007-12 T1F Revenue Bond Issue.lnterest 714,673.09 Interest 2000-06 T1F Bonds - Principal 943.787.89 Principal Paid 2000-06 TIF Bonds - Interest 1,489.647.50 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 Le9al Fees 2000 Le9al Fees on Debt 24.600.00 Legal Fees 2002 State Grant Funds (692.000.00) Iowa Dept. of Econ Dav. 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 $6,992,570.75 Fiscal Year 2008 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 $6,992,570.75, 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 $2,281,634.20, as shown by the attached Schedule 2. For Fiscal Year 2007-2008, the City requests that taxes be levied in the mexi:-num 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. Dated this ~(/day of ,4:/~/(/ ,2006. Fiscal Year 2008 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 $31,12.. i i $ 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 $599,406.26 2,281,634.20 9 FY 2007 Estimate $607,231.00 2,888,865.20 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 EnvironmentalfTaxes 1998 Advance from City Funds 1,131,351.68 Env./Dredging 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 Consutting 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 Fund. (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 Eamings 2005 Advance from City Fund. (6,345.27) Investment Earnings 2005 Advance from City Funds 56,094.61 Construction-Flynn Ready Mix Rail Spur 2006 Advance from City Funds (4,986.02) 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 3,259.08 Legal Services 2006 Advance from City Funds 509.42 City Engineering Services 2007 Advance from City Funds (165.36) YTD Investment Earnings TOTAL PROJ~L:T $2.0G3,b50.16 2 EAGLE WINDOW (ALLC) 2007-12 TIF Revenue Bond Issue-Principal $2.224.750.17 Principal 2007-12 TIF Revenue Bond Issue~lnterest 714.673.09 Interest 2000-06 TIF Bond. - Principal 943.787.89 Principal Paid 2000-06 TIF Bond. - Intere.t 1,489.647.50 Interest Paid 2000 Proceed. to Pay Debt (443.938.06) Bond Funds for first 18 months debt 2000 Proceed. for legal Fee. (24,600.00) Bond Proceed. for legal Fee. 2000 Legal Fee. on Debt 24.600.00 legal Fee. 2002 State Grant Fund. (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 $6,992,570.75 Revised Fiscal Year 2007 DUBUQUE INDUSTRIAL CENTER/SOUTH ECONOMIC DEVELOPMENT DISTRICT STATE OF IOWA ) )SS COUNTY OF DUBUQUE) Certificate of City Cieri< 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 $6,560,475.62 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 $1,181,550.04 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 this ~~ay of ~....?;;>/"k/ ,2006. ~?~~ . Clerk ubuque, Iowa Revised 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 403.1212\ 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 $3". '" ~~ ..,.; 1,1"+ I.LI 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 Adv. Data Comm. $161,099.43 $860,570.56 Cartegraph $ 60,248.17 $320,979.48 9 FY 2007 Estimate Adv. Data Comm. $182,170.00 Cartegraph $ 70,844.00 $1,042,740.56 $ 391,823.48 PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER\SOUTH ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ. # PROJECT TITLE DUBUQUE TECH PARK INDUSTRIAL CENTER ON SITE IMPROVEMENTS FY SOURCE 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 2007 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 Advance from City Fds TOTAL PROJECT 1999 1999 2000 2001 2002 2003 2004 2005 2006 2007 TIF Revenue Bonds 3-18-99 10 year bond issue $900,000 Company min. assessment agreement to cover debt Legal Fees Investment Earnings Investment Eamings Investment Eamings Investment Eamings Investment Earnings Investment Eamings Investment Earnings Investment Eamings Investment Earnings TOTAL PROJECT 2 ADVANCED DATA COMM 1995.2011 3 HORIZON DUCARTE (CARTEGRAPH) 4 KUNKEL BOUNDS 2000-2011 T1F Reven",,,, !:Ionds 1L-Ol.~fl 10 year bond issue $360,000 w/min. assessment agreement to cover debt Legal Fees Investment Eamings Investment Eamings Investment Earnings . Investment Earnings Investment Earnings Investment Eamings Investment Eamings Investment Earnings TOTAL PROJECT 2007-18 2000 2000 2001 2002 2003 2004 2005 2006 2007 2006 2006 TI F revenue 10 year economic rebate Advance from City Fds Advance from City Fds TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA AMOUNT $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,ns.OO 784,803.00 1,215.95 (552.29) YTD $4,701,180.16 900,000.00 404,498.46 (100,650.00) (65,250.00) 5,669.73 (4,055.36) (10.435.87) (9.431.46) (6,923.75) (5,008.62) (6,844.80) (6,191.12) (6,739.60) (1 422.08) YTD $1,065,215.53 .1CU,IIIJU.UtJ 193,397.38 (49,876.16) (31,680.00) 2,702.03 (2,771.75) (4,982.25) (3,518.43) (2,421.24) (2,649.94) (2,920.38) (3,439.29) (711.04) YTO $451,128.93 321,471.00 Est. 1,255.00 225.00 $322.951.00 $6 560,475.62 USE OF DOLLARS 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 ,-,- Construction Legal Services Investment Earnings Principal Interest Debt Service Reserve Fd Bond Funds for 1st 16 months debt Legal Fees Interest Eamings-Fd 124 ADC Interest Eamings-Fd 124 ADC Interest Eamings-Fd 124 ADC Interest Eamings-Fd 124 AQC Interest Eamings-Fd 124 ADC Interest Eamings-Fd 124 AoC Interest Eamings-Fd 124 ACC Interest Eamings-Fd 124 AOC Interest Earnings-Fd 124 AOC r-tincipal Interest Debt Service Reserve Fd Bond Funds for 1st 18 months debt Legal Fees 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 Eamings-Fd 128-Cartegraph (Ducarte) Interest Eamings-Fd 128-Cartegraph (Ducarte) Interest Eamings-Fd 128-Cartegraph (Ducarte) Interest Eamings-Fd 128-Cartegraph (Ducarte) 10 year economic development grant, no max Estimated Incre. Value of $1,000,000 Consultant Services Misc. Services Fiscal Year 2008 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 $6,560,475.62 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 $1,181,550.04 as shown by the attached Schedule 2. For Fiscal Year 2007-2008 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~~ay of /!;-c'4'~.ic~/ ,2006. ~&ZVE&/~J . Clerk ubuque, Iowa Fiscal Year 2008 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 Adv. Data Comm. $161,099.43 $860,570.56 Cartegraph $ 60,248.17 $320,979.48 9 FY 2007 Estimate Adv. Data Comm. $182,170.00 Cartegraph $ 70,844.00 $1,042,740.56 $ 391,823.48 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 1997 Advance from City Fds $95,379.03 Engineering & Design related INDUSTRIAL CENTER 1997 Advance from City Fds 76,256.03 Grading Contract ON SITE IMPROVEMENTS 1998 Advance from City Fds 206,758.06 Construction & Design Engineering 1998 Advance from City Fds 313,740.55 Road Construction 1998 Advance from City Fds 1.991.229.77 Grading and Utilities Contract 1998 Advance from City Fds 11,883.08 Miscellaneous 1999 Advance from City Fds 16,572.92 Engineering and Legal Services 1999 Advance from City Fds 29,862.07 Consultant Services 1999 Advance from City Fds 1,350.48 Miscellaneous Services 1999 Advance from City Fds 3,252.03 Legal Services 1999 Advance from City Fds 1,156,476.53 Construction 2000 Advance from City Fds 48,677.44 Landscaping 2000 Advance from City Fds 12.76 Miscellaneous 2000 Advance from City Fds 2,820.23 Legal Fees 2000 Advance from City Fds 20,000.00 Payment to Other Agencies 2000 Advance from City Fds 69,193.22 Construction Contract 2000 Advance from City Fds 1,010.74 Services from CEO Dept 2001 Advance from City Fds 17,618.35 Legal SeNices 2001 Advance from City Fds 3,852.72 Consultant Services 2001 Advance from City Fds 8,162.49 Construction 2001 RISE Grant (179.645.00) Interior Roads 2002 Advance frcm City Fds 16,472.00 Legal SeNices 2002 Advance frDm City Fds 4,778.00 '-"'""- 2002 Advance from City Fds 784,803.00 Construction 2003 Advance from City Fds 1,215.95 Legal SeNices 2007 Advance from City Fds (552.29) YTO Investment Earnings TOTAL PROJECT $4,701,180.16 2 ADVANCED DATA COMM 1999-2011 TIF Revenue Bonds 3-18-99 900,000.00 Principal 10 year bond issue $900,000 404,498.46 Interest Company min. assessment (100,650.00) Debt Service Reserve Fd agreement to cover debt (65,250.00) Bond Funds for 1st 18 months debt 1999 Legal Fees 5,669.73 Legal Fees 1999 Investment Earnings (4,055.36) Interest Eamings-Fd 124 ADC 2000 Investment Earnings (10,435.87) Interest Earnings-Fd 124 ADC 2001 Investment Eamings (9,431.46) Interest Earnings-Fd 124 ADC 2002 Investment Eamings (6,923.75) Interes1 Earnings-Fd 124 AOC 2003 Investment Eamings (5,008.62) Interest Eamings-Fd 124 AOC 2004 Investment Eamings (6,844.60) Interest Earnings-Fd 124 ADC 2005 Investment Earnings (8,191.12) Interest Earnings-Fd 124 ADC 2006 Investment Earnings (6,739.60) Interest Eamings-Fd 124 AOC 2007 Investment Earnings (1.422.08) yrD Interest Eamings-Fd 124 ADC TOTAL PROJECT $1,085,215.53 3 HORIZON DUCARTE 20G0-2011 TIF Revenue oor,Js ':.!-UH~~ ~b,j,[juU.OO P:itlc:;Jal (CARTEGRAPH) 10 year bond issue $360,000 193,397.38 Interest w/min. assessment agreement (49,876.16) Debt SeNice Reserve Fd to cover debt (31,680.00) Bond Funds for 1st 18 months debt 2000 Legal Fees 2,702.03 Legal Fees 2000 Investment Earnings (2,771.75) tnterest Earnings-Fd 128-Cartegraph (Ducarte) 2001 Investment Earnings (4,982.25) Interest Earnings-Fd 128.Cartegraph (Ducarte) 2002 Investment Earnings (3,518.43) Interest Eamings-Fd 128-Cartegraph (Ducarte) 2003 Investment Earnings (2,421.24) Interest Eamings-Fd 128-Cartegraph (Ducarte) 2004 Investment Earnings (2,649.94) Interest Eamings-Fd 128-Cartegraph (Ducarte) 2005 Investment Earnings (2,920.38) Interest Earnings-Fd 128-Cartegraph (Ducarte) 2006 Investment Earnings (3,439.29) Interest Earnings-Fd 128-Cartegraph (Ducarte) 2007 Investment Earnings (711.04) YTO Interest Earnings-Fd 128-Cartegraph (Ducarte) TOTAL PROJECT $451,128.93 4 KUNKEL BOUNDS 2007-18 TIF revenue 321,471.00 Est. 10 year economic development grant, no max 10 year economic rebate Estimated Incre. Value of $1,000,000 2006 Advance from City Fds 1,255.00 Consultant Services 2006 Advance from City Fds 225.00 Misc. Services TOTAL PROJECT $322,951.00 GRAND TOTAL FOR URBAN RENEWAL AREA $6,560.475.62 Revised 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 $29,577,239.04, 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 $7,180,559.32 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. Daten this ~~ay of ,~f~k~ ,2006. Revised 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 $1,215,709.72 $7,180,559.32 17 FY 2007 $1,452,208.00 Estimate $8,632,767.32 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 R....,ue 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 01$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 01 $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 1,649,226.94 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 of3 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. # PROJECT TITLE 7 MISCELLANEOUS REVENUE 1996 AND EXPENSE 1997 1998 1999 2000 2001 2002 2003 2005 2006 2007 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 Contrad 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 2007 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 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) 64,664.14 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 23,873.98 623.70 $11,089,202.61 ($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) (10,479.06) (324.10) YTD ($171,824.35) 294,323.48 14,448.46 46,505.92 50,722.14 Est $406,000.00 $2,084,147.22 293,558.96 303,534.58 USE OF DOLLARS Alliant No Interest Loan-2nd of 3 payments Prepayment made 10-00 on Baloon Payment Land Contrct Payments-SeigertlBerfeld 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-8eigef Fann Sales Tax Refund Alliant Payment-Chavanelle Rd Legal Fees Miscellaneous Landscaping City Engineering Charges T erracon Environmental Contract Construction Contract Alliant No Interest Loan-3rd of 3 payments Land Contract Payment Balloon Payment-Bergfeld Farm Signage Legal Fees Consultant Services Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Economic Dev. grant to Welter Dev!. 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 11 VESSEL SYSTEMS 12 ADAMS COMPANY 13 DICW EXPANSION PROJECT '"Incl ParkITrail & Synergy Court 14 THEISEN SUPPLY INC. FY 2007 SOURCE Actual Taxes Paid TOTAL PROJECT 2007-14 T1F Generated Revenue 2005 TIF Generated Revenue 2006 TIF Generated Revenue 2007 TIF Generated Revenue 2004-06 TIF Bonds-Principal 2004-06 T1F Bonds-Interest 2007-15 TIF Bonds-Principal TIF Bonds-Interest 2006 Advance from City Fds 2004-06 TIF Bonds-Principal 2004-06 TIF Bonds-Interest 2007.15 TIF Bonds-Principal TIF Bonds-Interest 2006 Reconciliation of Proceeds TOTAL PROJECT 2004 Advance from City Fds 2005 Advance from City Fds 2005 Advance from City Fds 2006 Advance from City Fds 2005-06 TIF Bonds-Principal 2005-06 TIF Bonds-Interest 2007-21 TIF Bonds-Principal TIF Bonds-Interest 2005-06 TIF Bonds-Principal 2005-06 TIF Bonds-Interest 2007-16 TIF Bonds-Principal TIF Bonds-Interest TOTAL PROJECT 2007-18 TIF bonds-principal 2007-18 TIF bonds-interest GRAND TOTAL FOR URBAN RENEWAL AREA CITY FUNDING AMOUNT 344,129.24 Est $3,025,370.00 $248,139.54 41,139.64 35,650.42 37.060.04 Est $361,989.64 $9,596.16 22,196.50 130,403.84 60,699.82 2,086.91 $224,983.23 $90,909.09 44,955.00 409,090.91 83,193.47 (21,590.25) $606,558.22 $105,378.75 175,860.63 238,760.62 1,391.27 90,000.00 187,305.45 4,180,000.00 1,846,362.49 190,000.00 155,641.95 2,805,000.00 807,890.01 $10,783,591.17 $812,000.00 491,289.25 $1,303,289.25 $29,577,239.04 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 Legal Fees TIF borrowing of $500,000 to be repaid over 10 years Consulting Engineers Consulting Engineers Construction Contract Legal Fees 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 TIF borrowing of $812,000 to be repaid over 10 years Fiscal Year 2008 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 $29,577,239.04, 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 $7,180,559.32 as shown by the attached Schedule 2. For Fiscal Year 2007-2008, 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. 3b/A/ J/! - / ~ Dated this day of ~~ . ,2006. ~~r~J2J ty Clerk Dubuque, Iowa Fiscal Year 2008 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 $1,215,709.72 $7,180,559.32 17 FY 2007 $1,452,208.00 Estimate $8,632,767.32 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 Oblfgation 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$19,167Iyr 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 r.itv 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-1 st 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. # PROJECT TITLE 7 MISCELLANEOUS REVENUE 1996 AND EXPENSE 1997 1998 1999 2000 2001 2002 2003 2005 2006 2007 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 Contrad 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 2007 Actual Taxes Paid 9 McGRAW Hill CORPORATION 2902 Partial value on building 2007~14 TIF Generated Revenue 2005 Actual Taxes Paid 2006 Actual Taxes Paid 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 2,423.85 583,148.07 (627,084.65) 55,946.00 616.000.00 (18,957.36) (2,424.00) 64,664.14 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 23,873.98 623.70 $11,089,202.61 ($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) (10,479.06) (324.10) YTO ($171,824.35) 294,323.48 14,448.46 46,505,92 50,722.14 Est $406,000.00 $2,084,147.22 293,558.96 303,534.58 USE OF DOLLARS Alliant No Interest Loan-2nd of 3 payments Prepayment made 10-00 on Baloon Payment Land Contrct Payments-SeigertlBerfeld 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 BaHoon Payment-5eiger Fann Sales Tax Refund A1liant Payment-Chavanelle Rd Legal Fees Miscellaneous Landscaping City Engineering Charges T erracon Environmental Contract Construction Contrad A1liant No Interest Loan-3rd of 3 payments Land Contract Payment Balloon Payment-Bergfeld Farm Signage LegatFees Consultant Services Interest Earnings Interest Earnings 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 ofTlF 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 FY 2007 SOURCE Actual Taxes Paid TOTAL PROJECT 10 GIESE 2007-14 TIF Generated Revenue 2005 TIF Generated Revenue 2006 TIF Generated Revenue 2007 TIF Generated Revenue 11 VESSEL SYSTEMS 2004-06 TIF Bonds-Principal 2004~06 TIF Bonds-Interest 2007-15 TIF Bonds-Principal TIF Bonds-Interest 2006 Advance from City Fds 12 ADAMS COMPANY 2004-06 TIF Bonds-Principal 2004-06 TIF Bonds-Interest 2007-15 TIF Bonds-Principal TIF Bonds-Interest 2006 Reconciliation of Proceeds TOTAL PROJECT 13 DICW EXPANSION PROJECl -Incl ParklTrail & Synergy Court 2004 Advance from City Fds 2005 Advance from City Fds 2005 Advance from City Fds 2006 Advance from City Fds 2005-06 TIF Bonds-Principal 2005-06 TIF Bonds-Interest 2007-21 TIF Bonds-Principal TIF Bonds-Interest 2005-06 TIF Bonds-Principal 2005-06 TIF Bonds-Interest 2007-16 TIF Bonds-Principal TIF Bonds-Interest TOTAL PROJECT 14 THEISEN SUPPLY INC. 2007-18 TIF bonds-principal 2007.18 TIF bonds-interest GRAND TOTAL FOR URBAN RENEWAL AREA CITY FUNDING AMOUNT 344,129.24 Est $3,025,370.00 $248,139.54 41,139.54 35,650.42 37,060.04 Est $361,989.54 $9,596.16 22,196.50 130,403.84 60,699.82 2,086.91 $224,983.23 $90,909.09 44,955.00 409,090.91 83,193.47 (21,590.25) $606,558.22 $105,378.75 175,860.63 238,760.62 1,391.27 90,000.00 187,305.45 4,180,000.00 1,846,362.49 190,000.00 155,641.95 2,805,000.00 807,890.01 $10,783,591.17 $812,000.00 491 ,289.25 $1,303,289.25 $29,577,239.04 USE OF DOLLARS Economic Dev. grant for 10 years beginning in FY 2005, no maximum Estimate of 10 years ofT1F payments TtF borrowing of $140,000 to be repaid over 10 years legal Fees TIF borrowing of $500,000 to be repaid over 10 years Consulting Engineers Consulting Engineers Construction Contract Legal Fees 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 TIF borrowing of $812,000 to be repaid over 10 years Revised 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 $302,759.60, 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 $157,692.48 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 Y~ay Of,~~ ,2006. ~ 0~ ~~ ty Clerk Dubuque, Iowa Revised 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 2liUb $20,194.60 $116,385.64 8 FY 2006 $41,306.84 $157,692.48 9 FY 2007 Estimate $42,938.00 $200,630.48 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 2007-09 2006 FY SOURCE Advance from City Fds Advance from City Fds TIF Revenue Obligation TI F Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation TIF Revenue Obligation Interest Earnings TOTAL PROJECT AMOUNT $15,747.00 213.30 18,119.66 22,398.00 21,928.00 19,509.42 14,561.78 20,194.60 41,306.40 128,814.00 (32.56) $302,759.60 USE OF DOLLARS Storm Sewer to building site Le9al Services Economic Development Grant for over 10 years based on min. assessment agreement No maximum Est Fiscal Year 2008 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 $302,759.60, 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 $157,692.48 as shown by the attached Schedule 2. For Fiscal Year 2007-2008, 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. ~Vday of -t:/~ ,2006. a.~-7~d2J . Clerk Dubuque, Iowa Fiscal Year 2008 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 $41,306.84 $157,692.48 9 FY 2007 Estimate $42,938.00 $200,630.48 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 2007-09 2006 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 41,306.40 128,814.00 (32.56) $302,759.60 USE OF DOLLARS Storm Sewer to building site Legal Services Economic Development Grant for over 10 years based on min. assessment agreement No maximum Est Advance from City Fds Advance from City Fds TI F Revenue Obligation TI F Revenue Obligation TIF Revenue Obligation TIF Revenue Obli9ation TIF Revenue Obligation TIF Revenue Obligation TI F Revenue Obligation TI F Revenue Obligation Interest Earnings TOTAL PROJECT Revised 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 $1,756.90 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. . //'U' 4 ~A/ Dated thi!l, jU' day of d?;?:lt ,2006 t:ft.d4C/fk~ ty Clerk Dubuque, Iowa Revised 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 $ i ,309.42 $1,756.90 8 FY 2007 Estimate $2,036.00 $3,792.90 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 2007 FY SOURCE TIF Revenue Obligation Rebate Investment Earnings Rebate Investment Earnings Rebate Investment Earnings Rebate Investment Earnings Rebate Rebate Rebate Rebate TOTAL PROJECT AMOUNT $165,671.58 $0.00 (10.06) 0.00 (27.14) 0.00 (22.26) 0.00 (13.62) 0.00 0.00 1,309.42 1,959.00 Est $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 2008 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 $1 ,756.90 as shown by the attached Schedule 2. For Fiscal Year 2007-2008, 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. .--, ",/Pc/ Dated this .;::- 1./ Jay of ~~~J ,2006 ~-r~.J2J . Clerk Dubuque, Iowa Fiscal Year 2008 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 $1,309.~2 ~: ,756.90 8 FY 2007 Estimate $2,036.00 $3,792.90 PROJECT DESIGNATION: SWISS VALLEY ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement under Section 403.19(2) PROJ. # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS SWISS VALLEY 1999 TIF Revenue Obligation $165,671.58 Economic Dev. Grant of $168,940 COMPANY EXPANSION 2000 Rebate $0.00 payments over 10 yrs based 2000 Investment Earnings (10.06) on min. assessment agreement 2001 Rebate 0.00 est. to generate $16,894 per yr. 2001 Investment Earnings (27.14) but will be based on actual rev. 2002 Rebate 0.00 2002 Investment Earnings (22.26) 2003 Rebate 0.00 2003 Investment Earnings (13.62) 2004 Rebate 0.00 2005 Rebate 0.00 2006 Rebate 1,309.42 2007 Rebate 1,959.00 Est TOTAL PROJECT $168,866.92 Revised 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 $27,102.37 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. . ...,.".....,..td..,/ Dated thls...;;u' day of ~~ ,2006. ~~/u,/ . Clerk ubuque, Iowa Revised 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 $ 11,994.18 $ 27,102.37 4 FY 2007 Estimate $ 12,468.00 $ 39,570.37 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 2005 Actual TIF Rebate 2006 Actual TIF Rebate 2005 Investment Earnings TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA AMOUNT USE OF DOLLARS 572,897.71 Est. 10. year economic developmen grant, no maximum 15,108.19 11,994.10 (157.93) $599,842.07 $599,842.07 Fiscal Year 2008 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 $27,102.37 as shown by the attached Schedule 2. For Fiscal Year 2007-2008, 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, ~day of ,~..t?;?:?'k// ,2006. ~~~ Dubuque, Iowa Fiscal Year 2008 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 $ 11,994.18 $ 27,102.37 4 FY 2007 Estimate $ 12,468.00 $ 39,570.37 PROJECT DESIGNATION: QUEBECOR ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ. # PROJECT TITLE QUEBECOR 2005 2006 2005 FY SOURCE 2003 TIF revenue 10 year economic rebate Actual TIF Rebate Actual TIF Rebate Investment Earnings TOTAL PROJECT GRAND TOTAL FOR URBAN RENEWAL AREA AMOUNT USE OF DOLLARS 572,897.71 Est. 10 year economic deveJopmen grant, no maximum 15,108.19 11,994.10 (157.93) $599,842.07 $599,842.07