The URL can be used to link to this page

Annual Tax Increment Financing Report 2007Dubuque THE CTTY ©F '~,,.. ter., DUB E ~'.~~~~~ ..~ Master~iec~ on the IVlississip~z zao~ TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: 2007 Annual Tax Increment Financing Report DATE: December 13, 2007 Economic Development Director David Heiar is transmitting the 2007 Annual Tax Increment Financing Report. The report details the City's use of Tax Increment Financing to support private economic development projects. The report provides both the chronology and chart of Tax Increment Financing assisted private economic development projects to date. Also included is Budget Director Jennifer Larson's Annual Urban Renewal Project Report that is filed with the Dubuque County Auditor by December 1 of each year and identifies both the public and private Tax Increment Financing-eligible expenditures for which the tax increment reimbursement is sought. ~~~ ~ ~ ~~ Michael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager David Heiar, Economic Development Director SUB ~ Masterpiece vn tl~~ Mississippi Dubuque ~3 All-AmericaC~y 2007 TO: Michael Van Milligen, City Manager FROM: David Heiar, Economic Development Director December 12, 2007 ... .` i 1 * , ~,, .. .f SUBJECT: 2007 ANNUAL Tax Increment Financing REPORT Introduction This memorandum transmits to the City Council the 2007 summary report on the City's use of Tax Increment Financing (TIF) to support private economic development projects. Several attachments provide both a chronology and chart of TIF-assisted private economic development projects to date. Also included is Budget Director Jennifer Larson's annual urban renewal project report that is filed with the County Auditor by December 1St of each year and identifies both the public and private TIF- eligible expenditures for which tax increment reimbursement is sought. Discussion State Authorization The Iowa Code provides that cities can use TIF for certain public and private economic development purposes once an urban renewal plan is approved and an urban renewal district is established. Traditionally, urban renewal projects involved public purpose activities related to the elimination of "slum and blight." Urban renewal law was expanded to allow other "economic development" activities, including direct grants and loans to private persons/parties for economic development projects that created new jobs and investment in designated urban renewal districts that did not have to be "slum and blight" areas. Private Economic Development Purposes The ability to use TIF to assist private economic development projects in urban renewal districts has become a very useful financing tool and incentive for private investment in urban renewal districts. TIF has allowed the City to assist private economic development projects based on the new "tax increment" created by the projects themselves. The City is able to capture the new taxable value created by a project and use the new property taxes generated from that new value (the new "tax increment") to assist a project directly. From 1983-2006, the City approved assistance to 32 private projects in the form of either: 1) an up-front financial grant through a bond instrument repaid with 10 years of the new tax increment property taxes; or 2) a commitment of up to 10 years rebate of the new tax increment property taxes directly back to the property owner. For 2007, 7 private projects were approved by the City Council. The decision to limit the City's TIF commitments on private economic development projects to 10-year terms has been a general City Council policy. The maximum length of any commitment is also based on the individual urban renewal district's duration and time remaining to capture TIF revenues. 2007 TIF Projects The City finalized 7 projects and has 1 pending agreement in 2007. The following is a description of each project organized by Urban Renewal Area. The City finalized three projects located in the Dubuque Industrial Center West. The first was a 9-year 100% TIF rebate for an expansion to Kendall/Hunt Publishing. The project will create 10 new jobs and construct a distribution facility costing $3,890,000. The second is a 9-year 100% TIF rebate for a new facility for Art's Way Manufacturing. The project has committed to retaining 25 jobs and creating another 10 positions. The third project is a 9-year TIF rebate to facilitate Medline Industries to build a new facility and create 75 new jobs. The building will be LEED certified and provide further expansion opportunities for the business. Four projects located in the Greater Downtown Urban Renewal District have been finalized and one project have been agreed upon. The first was a four phase mixed-use development in the Port of Dubuque with Port of Dubuque Adams Development, LLC. The first phase will facilitate the redevelopment of the former Adams Company building to become the headquarters for the Durrant Group. This phase will receive a 10-year 100% TIF rebate to create 10 new jobs in Dubuque. Phases two through four will total a $60 million mixed-use building consisting of retail, commercial, and residential uses. Phases two through four will each receive a 5-year decreasing TIF rebate. The second project is the redevelopment of the Old German Bank Building on Main Street. This project is expected to cost $1.5 million and will receive a 10-year 100% TIF rebate. The third was a 10-year 100% TIF rebate for the remodel of Cottingham &Butler's Security Building to facilitate the retention of 306 employees and create 90 new positions. A $300,000 Downtown Rehabilitation loan was also provided for the project. The fourth is a commitment to a 10-year 100% TIF rebate for the remodel of Cottingham & Butler's House of China Building. A $300,000 Downtown Rehabilitation loan has also been committed to this project. The fifth project is the construction of a 1,130 stall parking ramp in the Port of Dubuque in conjunction with the construction of the Diamond Jo Casino's new building. A 30-year TIF bond was sold to finance the parking ramp. Tax increment from the new casino will be the revenue source to pay off the bond. One project has been finalized in the Dubuque Technology Park. L&J Properties, Dubuque is constructing a new building to facilitate the expansion of Entegee Engineering. The project has committed to retaining 85 employees and creating and additional 10 positions. In FY2008, a combined $350,000 of TIF revenue was placed into the Downtown TIF Chronology - 24 Years of Private Investment Year Company AmountlType of TIF Estimated TIF Generation 1983 Security Building $ 360,000 Bond* $533,309 interest/fees 1988 Metrix $ 125,000 Bond $154,722 with interest/fees 1991 Nordstrom $1,000,000 Bond $1,302,072 with interest/fees Clarion Hotel $1,200,000 Bond $1,614,363 with interest/fees 1996 Precision Tool $ 115,000 Rebate** 1997 Weber Paper $ 150,000 Rebate Swiss Valley Farms 10 yr. Rebate *** $0 ^ 1998 Morrison Bros. 10 yr. Rebate $187,000 TFM $ 104,000 Rebate 1999 Eagle Window & Door $3,200,000 Bond $4,928,921 with interest/fees Advanced Data-Comm $ 900,000 Bond $1,104,350 with interest/fees CarteGraph $ 360,000 Bond $457,728 with interest/fees CIGNA/Prudential 10 yr. Rebate $2,700,000 2000 DAIDC Spec Building 10 yr. Rebate $406,000 2001 McGraw-Hill 10 yr. Rebate $2,800,000 2002 Giese Manufacturing 10 yr. Rebate $290,000 Heartland Financial 10 yr. Rebate $478,000 Quebecor World 10 yr. Rebate $600,000 2004 Vessel Systems $ 140,000 Bond $222,896 with interest/fees Adams Company $ 500,000 Bond"^ $628,148 with interest/fees Weber Building $ 150,000 Bond $297,102 with interest/fees 2005 Tri-State Industries 10 yr. Rebate $372,000 2006 McGraw-Hill 10 yr. 100% Rebate*** $5 400 000 Kunkel Bounds 10 yr. 100% Rebate*** , , $300 000 Giese Manufacturing II 10 yr. 100% Rebate*** , $225 000 Dubuque Screw 10 yr. 100% Rebate*** , $300 000 Highway 151/61 10 yr. 100% Rebate , dependent on development Dubuque Star Brewery 10 yr. 100% Rebate*** $1 950 000 National Dentex 9 yr. 100% Rebate , , $351,000 Conlon Johnson 10 yr. 82% Rebate $774,000 Hartig Drug 10 yr. 60% Rebate $90,000 Theisen Supply $ 707,500 Bond` $812,000 with int/fees 2007 Kendall/Hunt L&J Properties Dubuque Port of Dubuque Parking Ramp Briggs Adams Development German Bank Building Art's Way Manufacturing C & B Security Building Medline Industries C & B House of China 9 yr. 100% Rebate $1,050,300 9 yr. 100% Rebate $243,000 $23,025,000 30 yr. Bond> $58,866,422 with int/fees Various 5 yr. Rebates $2,739,369 10 yr. 100% Rebate $450,000 9 yr. 100% Rebate $300,000 10 yr. 100% Rebate $1,200,000 9 yr. 100% Rebate $1,950,000 10 yr. 100% Rebate^^" $195,000 TOTAL: $96,272,702 + 4,575,431 Downtown Rehab Loan Program $100,848,113 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. ^^^ Only a Memorandum of Understanding is agreed upon for this project. A development agreement will be prepared once the company has all funding sources identified for the project. > The Port of Dubuque Public Parking Ramp is a public infrastructure improvement which was committed to be built as an incentive for the Diamond Jo Casino expansion. F:\USERS\Adejong\TIF Report\2007\TIF chart2.doc TIF PROJECTS -Private Investment and Job Creation New TIF Jobs to be Jobs to be Job Creation Penalty / Year Company Project Value Amount Retained Created Date Job 1983 Security Building $ 360,000 ***""*""*"** Files closed for this project *****"*"**""*`* 1988 Metrix $ 125,000 **''*'`***''*** Files closed for this project ***''''****''***** 1991 Nordstrom $ 5,000,000 $ 1,000,000 *****'`****** Files closed for this project *****"`******'`'`* Clarion Hotel $ 9,100,000 $ 1,200,000 *"`***"**'`** Files closed for this project ****``********** 1996 Precision Tool $ 1,100,000 $ 115,000 Job creation requirement satisfied by other funding sources 1997 Weber Paper $ 1,200,000 $ 150,000 '' Job creation requirement satisfied by other funding sources Swiss Valley Farms $ 5,500,000 $ - * Job creation requirement satisfied by other funding sources 1998 Morrison Bros. $ 2,000,000 $ 187,000 "Job creation requirement satisfied by other funding sources " TFM $ 1,300,000 $ 104,000 * Job creation requirement satisfied by other funding sources'' 1999 Eagle Window & Door $ 15,000,000 $ 3,200,000 475 168 12/31/2003* $3,360 Advanced Data-Comm $ 6,000,000 $ 900,000 317 51 12/01/2001* $0 CarteGraph $ 2,000,000 $ 360,000 104 0 1/1/2002> $1,300 CIGNA/Prudential $ 10,000,000 $ 2,700,000 320 200 03/31/2002* $2,250 2000 DAIDC Spec Building $ 1,400,000 $ 406,000 "*"""*"""""`*"* No Job Requirement ****"***"`******* 2001 McGraw-Hill $ 10,000,000 $ 2,800,000 100 10 10/15/2003" $7,729 2002 Giese Manufacturing $ 1,000,000 $ 290,000 31 10 03/04/2005* $5,707 Heartland Financial $ 5,000,000 $ 478,000 255 45 12/31/2008** $1,062 Quebecor $ 24,000,000 $ 600,000 230 106 03/31/2005" $134 2004 Vessel Systems $ 1,000,000 $ 140,000 24 25 12/1/2008^ $3,908 Adams Company $ 2,800,000 $ 500,000 **'`****'`****** No Job Requirement *"**"`*""***""*"* Weber Building $ 2,000,000 $ 150,000 **** No Job Requirement /Tied to Shepherd Relocation ***" 2005 Tri-State Industries $ 1,400,000 $ 372,000 ""*"""**"""**" No Job Requirement'`"'*************'`* 2006 McGraw-Hill $ 18,000,000 $ 5,400,000 389 29 1/1/2010 $ 1,037 ^^ Kunkel Bounds $ 1,000,000 $ 300,000 0 24 1/1/2009 $ 8,357 ^^ Giese Manufacturing II $ 750,000 $ 225,000 52 15 1/1/2009 $ 1,015 ^^ Dubuque Screw $ 1,000,000 $ 300,000 52 15 1/1/2010 $ 3,347 "^ Highway 151/61 NA NA ************** No Job Requirement ***************** Dubuque Star Brewery $6,500,000 $ 1,950,000 ************** No Job Requirement ***************** National Dentex $ 1,300,000 $ 351,000 54 10 12/1/2010 $ 2,344 ^^ Conlon/Johnson $ 3,150,000 $ 774,900 0 75 7/1/2009 $ 2,014 "^ Hartig Drug $ 500,000 $ 90,000 55 10 12/1/2010 $ - ^^ Theisen Supply $ 4,000,000 $ 812,000 48 10 12/1/2010 $ 10,453 ^^ 2007 Kendall/Hunt $ 3,890,000 $ 1,050,300 188 10 1/10/2011 $ 2,775 ^^ Entegee $ 900,000 $ 243,000 85 10 7/1/2010 $ 1,442 "^ Port Parking Ramp $ 57,890,649 $ 52,101,584 ************** No Job Requirement ***************** Briggs Adams Development $ 63,000,000 $ 2,739,369 49 10 1/1/2010 $ - ^^ German Bank Building $ 1,500,000 $ 450,000 ************** No Job Requirement ***************** Arts Way Manufacturing $ 1,000,000 $ 270,000 25 10 7/1/2010 $7,610.00 ^^ C & B Security Building $ 4,000,000 $ 1,200,000 306 90 9/30/2009 $ - "^ Medline Industries $ 6,500,000 $ 1,560,000 232 75 1/1/2011 $2,038.44 ^^ C & B House of China $ 650,000 $ 195,000 Development Agreement pending for Job commitments 24 Year TOTALS New Investment $ 282,330,649 Direct TIF Incentives $ 86,149,153 Retained Jobs (Since 1999) 3,391 New Jobs Pled ed (Since 1999) 1,008 * Job creation obligations met by deadline. ** Job creation obligation met before deadline and closed out. ^ Job creation date amended on 9/28/2005 because business has gone under new ownership ^^ Penalties also exist on the TIF Rebates/Bonds if committed jobs are not created/retained. > City Council modified the agreement to incorporate higher quality positions being created. ECONOMIC DEVELOPMENT TIF PROJECTS by Urban Renewal District Greater Downtown (Downtown and Ice Harbor) Security Building Clarion Hotel CIGNA/Prudential TFM Heartland Financial (Walsh Store) Lower Main Development (Weber Bldg) McGraw-Hill Cottingham & Butler Security Building Cottingham & Butler House of China Building (pending agreement) Hartig Drug Dubuque Star Brewery Old German Bank Building Port of Dubuque Parking Ramp Port of Dubuque Adams Development Historic Property Tax Rebate Town Clock Building Bricktown Downtown Rehabilitation Loan Program Bakey Kitchens/Relm House Grand Opera House (2) Atlast Fluid Power Cinema X Building Security Building Dubuque Museum of Art Jorga's Restaurant Iowa Inn Pepper Sprouts Bricktown Town Clock Building Heartland Financial Walsh Store Gronen Upper Main Buildings Lower Main Development Cottingham & Butler Security Building (pending) Cottingham & Butler House of China Building (pending) Old German Bank (pending) Hartig Drug (pending) Butt's Florist (pending) Interstate Building (pending) FaSade Grants Capri Cosmetology Pepper Sprouts Ellen's Floral Butt's Florist Bricktown McCoy Jewelers Fischer Office Building Cinema X Canvas Products Old Main Hotel Atlast Fluid Power Herbst Upholstery Jocille's Building Steele Centre Cottingham & Butler Security Building (pending) Cottingham & Butler House of China Building (pending) Old German Bank (pending) Hartig Drug (pending) Butt's Florist (pending) Interstate Building (pending) Design Grants Cottingham & Butler Security Building (pending) Cottingham & Butler House of China Building (pending) Old German Bank (pending) Kerper Boulevard Eagle Window & Door Highway 151/61 Development DIC/South (Dubuque Technology Park) Advanced Data-Comm CarteGraph Kunkel, Bounds & Associates Conlon/Johnson Development (Sedgwick CMS) L&J Properties, Dubuque (Entegee Engineering) Dubuque Industrial Center Metrix Nordstrom ` Precision Tool Weber Paper DAIDC Spec Building McGraw-Hill Giese Manufacturing Vessel Systems Adams Company Tri-State Industries Giese Manufacturing II Theisen Supply Dubuque Screw Products National Dentex Kendall/Hunt Publishing Art's Way Manufacturing Medline Industries East 7t" Street Morrison Bros. Swiss Valley 1(closed out) Swiss Valley 2 Swiss Valley Farms Quebecor Quebecor World Dubuque Corporate Center (closed out) F:\USERS\Adejong\TIF Report\2007\TlFchart4.doc SUMMARY of the Budget Director's URBAN RENEWAL PROJECT REPORT UR District Qualified Expenses Since 1983 2006 Greater Downtown Kerper DIC/South (Technology Park) DIC E. 7th Street Swiss Valley Quebecor TOTAL $26,727,713.29 $6,992,570.75 $6,560,475.62 $29,557,239.04 $302,759.60 $168, 866.92 ** $599,842.07 $70,909,467.29 2007 $88,719,446.63 " $6,986,221.85 $6,754,732.52 $30,727,489.35 $298,781.60 $4,633.36 $129,663.36 $133,620,968.67 Includes $10+ million bond associated with DICW expansion project. *" Fully recognizes 10 years of potential rebate, although not anticipated. ^ Includes principal, interest and fees for the Port of Dubuque Parking Ramp 2006 $9,561,635.01 $2,281,634.20 $1,181,550.04 $7,180,559.32 $157,692.48 $1,756.90 $27,102.37 ~ $20,391,930.32 2007 $12,277,808.84 $3,479,017.63 $1,683,025.00 $10,196,450.57 $236,891.00 $4,633.36 $77,200.07 $27,955,026.47 F:\USERS\Adejong\TIF Report\2007\2007 TIF Chart 5 THE CFTY O~ ~ Dubuque ~~ ~T TR ~ All-AmericaCilY (~1.~ Masterpiece on the Mississippi ~~ 2007 December 4, 2007 TO: Michael C. Van Milligen, City Manager Jeanne Schneider, City Clerk Ken Tekippe, Finance Director David Heiar, Economic Development Director FROM: Jenny Larson, Budget Director ~~ SUBJECT: FY 2009 Annual Tax Increment Financing Report The Annual Tax Increment Financing Report for FY 2009 has been filed with Dubuque County Auditor Denise Dolan pursuant to the Code of Iowa, Section 403.19(2). This report includes all cumulative expenditures eligible for tax increment reimbursement for each TIF district, and reflects the total tax increment cumulative revenue received through FY 2007 and the amount estimated to be received in FY 2008. Should you have questions on the attached report, please feel free to contact me. Thank you. JML Attachment cc: Barry Lindahl, City Attorney (w/o attachment) Cindy Steinhauser, Assistant City Manager (w/o attachment) CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Cover Sheet CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Revenue Is Requested Use One Certification Per Urban Renewal Area City: Dubuque County: Dubuque Urban Renewal Area Name: Greater Downtown Urban Renewal Project Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the City has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which will qualify for payment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of Iowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 62,999,110 *There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. (Complete and attach 'CITY TIF FORM 1.1'.) The County Auditor shall provide the available TIF increment tax revenue in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any fiscal year a City may elect to receive less than the available TIF increment tax revenue by certifying the requested amount to the County Auditor on or before the preceding December 1. (File 'CITY TIF FORM 2' with the County Auditor by the preceding December 1 for each of those fiscal years where all of the TIF increment tax revenue is not requested.) A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year of occurrence. (File 'CITY TIF 'FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax revenue received from the County Treasurer.) Notes/Additional Information: Dated this 1st day of December 2007 Signature o~Authorized Offici 563-589-4110 Telephone CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 1 TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Dubuque County: Dubuque Urban Renewal Area Name: Greater Downtown Urban Renewal Project Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by the County Auditor) Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: 1. Downtown Loan Pool -Building Facades 07/01/07 300,000 Additional TIF Revenue added to the loan pool for downtwon rehab ~'X' this box if a rebate agreement. List administrative details on lines above. 2. Internal Loan -Historic Federal Building Renovation 07/01/07 ~'X' this box if a rebate agreement. List administrative details on lines above. 3. 2007 Taxable Urban Renewal TIF Bonds -Port of Dubuque Parking Ramp 10/16/07 ~'X' this box if a rebate agreement. List administrative details on lines above. 4. Internal Loan -Port of Dubuque Outdoor Plaza 07/01/06 ~'X' this box if a rebate agreement. List administrative details on lines above. 5. Economic Development Agreement -Heartland Financial 07/01/07 Increased assessed value which increased rebate payment in FY 08-15 x~'X' this box if a rebate agreement. List administrative details on lines above. If more indebtedness entry lines are needed continue to Form 1.1 Page 2. 3,112,038 58,866,422 458,101 Total For City TIF Form 1.1 Page 1: 62,912,479 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Dubuque County: Dubuque Urban Renewal Area Name: Greater Downtown Urban Renewal Proiect Page 2 Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by the County Auditor) Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: 6. Internal Loan -Ice Harbor Development 07/01/07 11,850 Additional Legal Fees and Consultant Service Costs ~'X' this box if a rebate agreement. List administrative details on lines above. 7. Economic Development Agreement -Platinum 07/01/07 15,737 Increased assessed value which increased rebate payment in FY 2008-11 x~'X' this box if a rebate agreement. List administrative details on lines above. 8. Economic Development Agreement -Prudential Project (CIGNA) 07/01/07 54,456 Increased assessed value which increased rebate payment in FY 2008-11 Q'X' this box if a rebate agreement. List administrative details on lines above. 9. Economic Development Agreement - Cottingham & Butler 07/01/07 2,531 Increased assessed value which increased rebate payment in FY 2008-10 xQ'X' this box if a rebate agreement. List administrative details on lines above. 10. Economic Development Agreement - Bricktown 07/01/07 2,057 Increased assessed value which increased rebate payment in FY 2008-11 x0'X' this box if a rebate agreement. List administrative details on lines above. If more indebtedness entry lines are needed continue to Form 1.1 Page 3. Total For City TIF Form 1.1 Page 2: 86,631 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 3 TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Dubuque County: Dubuque Urban Renewal Area Name: Greater Downtown Urban Renewal Project Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by the County Auditor) Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: 11. xQ'X' this box if a rebate agreement. List administrative details on lines above. 12. Q'X' this box if a rebate agreement. List administrative details on lines above. 13. ~'X' this box if a rebate agreement. List administrative details on lines above. 14. ~'X' this box if a rebate agreement. List administrative details on lines above. 15. ~'X' this box if a rebate agreement. List administrative details on lines above. If more indebtedness entry lines are needed continue to Form 1.1 Page 4 Total For City TIF Form 1.1 Page 3: 0 " "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 4 TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Dubuque County: Dubuque Urban Renewal Area Name: Greater Downtown Urban Renewal Project Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by the County Auditor) Ilndividual TIF Indebtedness Type/Description/Details: 16. ~'X' this box if a rebate agreement. List administrative details on lines above. 17 ~'X' this box if a rebate agreement. List administrative details on lines above. 18 ~'X' this box if a rebate agreement. List administrative details on lines above. 19. ~'X' this box if a rebate agreement. List administrative details on lines above. 20. ~'X' this box if a rebate agreement. List administrative details on lines above. Date Approved*: Total Amount: Total For City TIF Form 1.1 Page 4: 0 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. CITY TIF FORM 2 SPECIFIC DOLLAR REQUEST FOR AVAILABLE TIF INCREMENT TAX REVENUE FOR NEXT FISCAL YEAR CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year Where Less Than The Maximum T1F Increment Revenue Is Requested Use One Certification Per Urban Renewal Area City: Dubuque County: Dubuque Urban Renewal Area Name: Greater Downtown Urban Renewal Project Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City and County named above, the City requests less than the maximum available TIF increment tax revenue as detailed below. Provide sufficient detail so that the County Auditor will know how to specifically administer your request. For example you may have multiple indebtedness certifications in an Urban Renewal Area, and want the maximum revenue for rebate agreement property that the County has segregated into separate taxing districts, but only want a portion of the available increment from the remainder of the taxing districts in the Area. Specific Instructions To County Auditor For Administering The Request That This Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Revenue: Dated this day of Amount Requested: signature of Authorized Official Telephone CITY TIF FORM 3 TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF TIF INCREMENT TAX REVENUE RECEIVED FROM THE COUNTY TREASURER CERTIFICATION TO COUNTY AUDITOR Use One Certification Per Urban Renewal Area City: Dubuque County: Dubuque Urban Renewal Area Name: Greater Downtown Urban Renewal Protect Urban Renewal Area Number: 31033 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above, the City has reduced previously certified indebtedness, by reason other than application of TIF increment tax revenue received from the County Treasurer, by the total amount as shown below. Provide sufficient detail so that the County Auditor will know how to specially administer your request. For example, you could have multiple indebtedness certifications in the Urban Renewal Area, and the County Auditor would need to know which particular indebtedness certifcation(s) to reduce. If rebate agreements are involved with a reduction, and the County has segregated the rebate property into separate TIF Increment taxing districts, provide the five-digit county increment taxing district numbers for reference. Individual TIF lndebtedness Type/Description/Details: ~~~~C~~~a~ ~udn -ice naroor uevelopment: Interest Earning Received 2006C Refunding GO Bonds - 3rd St Parking Ramp: Bond proceeds not used Economic Development Agreement - Tri-States Industries: Certified to wrong UR Area should be 31002 Amount Reduced: 19,356 5,047 450,060 Total Reduction In Indebtedness For This Urban Renewal Area: 474,463 Dated this 1st day of December Y"/ ~ y Signature o Authorized Official 563-589-4110 Telephone 2007 CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Cover Sheet CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Revenue Is Requested Use One Certification Per Urban Renewal Area City: Dub County: Dubuque Urban Renewal Area Name: Dubuque Kerper Boulevard Industrial Site Economic Development District Urban Renewal Area Number: 31015 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the City has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which will qualify for payment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of Iowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 3,781 There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. (Complete and attach 'CITY TIF FORM 1.1'.) The County Auditor shall provide the available TIF increment tax revenue in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any fiscal year a City may elect to receive less than the available TIF increment tax revenue by certifying the requested amount to the County Auditor on or before the preceding December 1. (File 'CITY TIF FORM 2' with the County Auditor by the preceding December 1 for each of those fiscal years where all of the TIF increment tax revenue is not requested.) A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year of occurrence. (File 'CITY TIF 'FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax revenue received from the County Treasurer.) Notes/Additional Information: Dated this 1st day of December 2007 2 ~ ~Z ~ ~~ Signature of"Authorfzed Official 563-589-4110 Telephone CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 1 TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Dubuque County: Dubuque Urban Renewal Area Name: Dubuque Kerper Boulevard Industrial Site Economic Development District Urban Renewal Area Number: 31015 (Use five-digit Area Number Assigned by the County Auditor) Individual TIF Indebtedness Type/Description/Details: Date Approved: Total Amount: 1. Internal Loan -Kerper Industrial Park Development 07/01/06 3,781 Additional expenses of trees and legal fees. ~'X' this box if a rebate agreement. List administrative details on lines above. 2. ~'X' this box if a rebate agreement. List administrative details on lines above. 3. ~'X' this box if a rebate agreement. List administrative details on lines above. 4. ~'X' this box if a rebate agreement. List administrative details on lines above. 5. ~'X' this box if a rebate agreement. List administrative details on lines above If more indebtedness entry lines are needed continue to Form 1.1 Page 2. Total For City TIF Form 1.1 Page 1: 3,781 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. CITY TIF FORM 3 TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF TIF INCREMENT TAX REVENUE RECEIVED FROM THE COUNTY TREASURER CERTIFICATION TO COUNTY AUDITOR Use One Certification Per Urban Renewal Area City: Dubuque County: Dubuque Urban Renewal Area Name: Dubuque Kerper Boulevard Industrial Site Economic Development District Urban Renewal Area Number: 31015 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above, the City has reduced previously certified indebtedness, by reason other than application of TIF increment tax revenue received from the County Treasurer, by the total amount as shown below. Provide sufficient detail so that the County Auditor will know how to specially administer your request. For example, you could have multiple indebtedness certifications in the Urban Renewal Area, and the County Auditor would need to know which particular indebtedness certifcation(s) to reduce. If rebate agreements are involved with a reduction, and the County has segregated the rebate property into separate TIF Increment taxing districts, provide the five-digit county increment taxing district numbers for reference. Individual TIF Indebtedness Type/Description/Details: ~~~«~~~a~ ~~d~~ - ~C~per muustnai rarK ueveiopment: Interest Earnings Received Amount Reduced: 10,130 Total Reduction In Indebtedness For This Urban Renewal Area: 10,130 Dated this 1st day of December /~ ,t Signature of Authorize -fficial 2007 563-589-4110 Telephone CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Cover Sheet CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Revenue Is Requested Use One Certification Per Urban Renewal Area City: Dubuque County: Dubuque Urban Renewal Area Name: Dubuque Industrial Center/South Economic Development District Urban Renewal Area Number: 31018 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the City has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which will qualify for payment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of Iowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 74,443 *There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. (Complete and attach 'CITY TIF FORM 1.1'.) The County Auditor shall provide the available TIF increment tax revenue in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any fiscal year a City may elect to receive less than the available TIF increment tax revenue by certifying the requested amount to the County Auditor on or before the preceding December 1. (File 'CITY TIF FORM 2' with the County Auditor by the preceding December 1 for each of those fiscal years where all of the TIF increment tax revenue is not requested.) A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year of occurrence. (File 'CITY TIF 'FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax revenue received from the County Treasurer.) Notes/Additional Information: Dated this 1st day of December 2007 " vc~ U Signat re of ~(uthorized O icial 563-589-4110 1"elephone CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 1 TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Dubuque ~ County: Dubuque Urban Renewal Area Name: Dubuque Industrial Center/South Economic Development District Urban Renewal Area Number: 31018 (Use five-digit Area Number Assigned by the County Auditor} Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: 1. Internal Loan -Dubuque Tech Park Industrial Center On Site Improvements 07/01/06 74,443 Additional Legal Services, Engineering Division Services, Abstracting, and Technology Park Signage ~'X' this box if a rebate agreement. List administrative details on lines above. 2. ~'X' this box if a rebate agreement. List administrative details on lines above. 3. ~'X' this box if a rebate agreement. List administrative details on lines above. 4. xQ'X' this box if a rebate agreement. List administrative details on lines above. 5. ~'X' this box if a rebate agreement. List administrative details on lines above. If more indebtedness entry lines are needed continue to Form 1.1 Page 2. Total For City TIF Form 1.1 Page 1: 74,443 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. CITY TIF FORM 3 TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF TIF INCREMENT TAX REVENUE RECEIVED FROM THE COUNTY TREASURER CERTIFICATION TO COUNTY AUDITOR Use One Certification Per Urban Renewal Area City: Dubuque County: Dubuque Urban Renewal Area Name: Dubuque Industrial Center/South Economic Development District Urban Renewal Area Number: 31018 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above, the City has reduced previously certified indebtedness, by reason other than application of TIF increment tax revenue received from the County Treasurer, by the total amount as shown below. Provide sufficient detail so that the County Auditor will know how to specially administer your request. For example, you could have multiple indebtedness certifications in the Urban Renewal Area, and the County Auditor would need to know which particular indebtedness certifcation(s) to reduce. If rebate agreements are involved with a reduction, and the County has segregated the rebate property into separate TIF Increment taxing districts, provide the five-digit county increment taxing district numbers for reference. Individual TIF Indebtedness Type/Description/Details: . ~•~" a ~a~~ - ~u~uyuc ~C~~~ rartc mausmai center un 5ite Improvements: Interest Earnings Received 1999 TIF Revenue Bonds -Advanced Data Comm: Interest Earnings Received 1999 TIF Revenue bonds -Horizon Ducarte: Interest Earnings Received Amount Reduced: 15.710 11,868 7,325 Total Reduction In Indebtedness For This Urban Renewal Area: 34,903 Dated this 1st day of December ~ //~~f J ~ Signature of Authoriz fficial 2007 563-589-4110 i"elephone. CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Cover Sheet CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Revenue Is Requested Use One Certification Per Urban Renewal Area City: Dubuque County: Dub Urban Renewal Area Name: Dubuque Industrial Center Economic Development District Urban Renewal Area Number: 31002 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the City has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which will qualify for payment from the special fund referred to in paragraph 2 of Section 403.1.9 of the Code of Iowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 880,103 *There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. (Complete and attach 'CITY TIF FORM 1.1'.} The County Auditor shall provide the available TIF increment tax revenue in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any fiscal year a City may elect to receive less than the available TIF increment tax revenue by certifying the requested amount to the County Auditor on or before the preceding December 1. (File 'CITY TIF FORM 2' with the County Auditor by the preceding December 1 for each of those fiscal years where all of the TIF increment tax revenue is not requested. ) A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year of occurrence. (File 'CITY TIF 'FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax revenue received from the County Treasurer.) Notes/Additional Information: Dated this 1st day of December ~~~ 1/~V~' ~ Signature of Authorized Official 2007 563-589-4110 Telephone CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Page 1 TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Dubuque County: Dubuque Urban Renewal Area Name: Dubuque Industrial Center Economic Development District Urban Renewal Area Number: 31002 (Use five-digit Area Number Assigned by the County Auditor) Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: 1. Internal Loan -County Farm Industrial Site Development 07/01/06 12,043 Additional expenses for Consultant Services, Legal Fees, and Abstracting. ~'X' this box if a rebate agreement. List administrative details on lines above. 2. Economic Development Agreement -Giese 07/01/07 6,649 10 Year Economic Development grant, no maximum. Increased assessed value which increased rebate payment FY 08-14 xQ'X' this box if a rebate agreement. List administrative details on lines above. 3. Economic Development Agreement - Tri-States (Heller Family Realty) 07/01/07 218,817 10 Year Economic Development grant, no maximum. xQ'X' this box if a rebate agreement. List administrative details on lines above. 4. Economic Development Agreement- P&L Ventures (National Dentex) 07/01/07 263,551 10 Year Economic Development grant, no maximum. xQ'X' this box if a rebate agreement. List administrative details on lines above. 5. Economic Development Agreement -Scher Real Estate (Dubuque Screw Prod.) 07/01/07 214,750 10 Year Economic Development grant, no maximum. xQ'X' this box if a rebate agreement. List administrative details on lines above. If more indebtedness entry lines are needed continue to Form 1.1 Page 2. Total For City TIF Form 1.1 Page 1: 715,810 "'Date Approved" is the date that the local governing body initially approved the TIF indebtedness. CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR Page 2 City: Dubuque County: Dubuque Urban Renewal Area Name: Dubuque Industrial Center Economic Development District Urban Renewal Area Number: 31002 (Use five-digit Area Number Assigned by the County Auditor) Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: 6. Economic Development Agreement -Giese Properties II 07/01/07 164,293 10 Year Economic Development grant, no maximum. ~'X' this box if a rebate agreement. List administrative details on lines above. 7. Q'X' this box if a rebate agreement. List administrative details on lines above. 8. Q'X' this box if a rebate agreement. List administrative details on lines above. 9. x0'X' this box if a rebate agreement. List administrative details on lines above. 10. ~'X' this box if a rebate agreement. List administrative details on lines above. If more indebtedness entry lines are needed continue to Form 1.1 Page 3. Total For City TIF Form 1.1 Page 2: 164,293 "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. CITY TIF FORM 3 TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF TIF INCREMENT TAX REVENUE RECEIVED FROM THE COUNTY TREASURER CERTIFICATION TO COUNTY AUDITOR Use One Certification Per Urban Renewal Area Cityc Dubuque County: Dubuque Urban Renewal Area Name: Dubuque Industrial Center Economic Development District Urban Renewal Area Number: 31002 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above, the City has reduced previously certified indebtedness, by reason other than application of TIF increment tax revenue received from the County Treasurer, by the total amount as shown below. Provide sufficient detail so that the County Auditor will know how to specially administer your request. For example, you could have multiple indebtedness certifications in the Urban Renewal Area, and the County Auditor would need to know which particular indebtedness certifcation(s) to reduce. If rebate agreements are involved with a reduction, and the County has segregated the rebate property into separate TIF Increment taxing districts, provide the five-digit county increment taxing district numbers for reference. Individual TIF Indebtedness Type/Description/Details: ~ Amount Reduced: Economic Development Agreement -McGraw Hill Corporation: Decreased assessed value 118,262 Internal Loan -County Farm industrial Site Development: Interest Earnings Received 21,527 Total Reduction In Indebtedness For This Urban Renewal Area: 139,789 Dated this 1st day of December 2007 f /i' , ~, ~L,,~ 563-589-4110 Signafure of Authorized Office Telephone CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Cover Sheet CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Revenue Is Requested Use One Certification Per Urban Renewal Area City: Dubuque County: Dubuque Urban Renewal Area Name: East 7th Street Economic Development District Urban Renewal Area Number: 31017 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the City has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which will qualify for payment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of Iowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 0 *There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. (Complete and attach 'CITY TIF FORM 1.1'.) The County Auditor shall provide the available TIF increment tax revenue in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any fiscal year a City may elect to receive less than the available TIF increment tax revenue by certifying the requested amount to the County Auditor on or before the preceding December 1. (File 'CITY TIF FORM 2' with the County Auditor by the preceding December 1 for each of those fiscal years where all of the TIF increment tax revenue is not requested.) A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year of occurrence. (File 'CITY TIF 'FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax revenue received from the County Treasurer.) Notes/Additional Information: Dated this 1st day of December 2007 ~~ r Signature of Authorized Official 563-589-4110 i"elephone CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Cover Sheet CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Revenue Is Requested Use One Certification Per Urban Renewaf Area City: Dubuque County: Dubuque Urban Renewal Area Name: Swiss Valley Economic Development District Urban Renewal Area Number: 31019 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the City has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which will qualify for payment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of Iowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 0 *There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. (Complete and attach 'CITY TIF FORM 1.1'.) The County Auditor shall provide the available TIF increment tax revenue in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any fiscal year a City may elect to receive less than the available TIF increment tax revenue by certifying the requested amount to the County Auditor on or before the preceding December 1. (File 'CITY TIF FORM 2' with the County Auditor by the preceding December 1 for each of those fiscal years where all of the TIF increment tax revenue is not requested.) A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year of occurrence. (File 'CITY TIF 'FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax revenue received from the County Treasurer.) Notes/Additional Information: Dated this 1st day of December 2007 5G3 5i`a 4110 Signature of Authorized Official Telephone CITY TIF FORM 1 -INDEBTEDNESS CERTIFICATION Cover Sheet CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Revenue Is Requested Use One Certification Per Urban Renewal Area City: Dubuque County: Dubuque Urban Renewal Area Name: Quebecor Economic Development District Urban Renewal Area Number: 31029 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the City has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which will qualify for payment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of Iowa. Urban Renewal Area Indebtedness Not Previously Certified*: *There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. (Complete and attach 'CITY TIF FORM 1.1'.) The County Auditor shall provide the available TIF increment tax revenue in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the special TIF fund of City. However, for any fiscal year a City may elect to receive less than the available TIF increment tax revenue by certifying the requested amount to the County Auditor on or before the preceding December 1. (File 'CITY TIF FORM 2' with the County Auditor by the preceding December 1 for each of those fiscal years where all of the TIF increment tax revenue is not requested.) A City reducing certified TIF indebtedness by any reason other than application of TIF increment tax revenue received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year of occurrence. (File 'CITY TIF 'FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax revenue received from the County Treasurer.) Notes/Additional Information: 0 Dated this 1st day of December 2007 2~7 (v~~ ~ ,~-^~-- 563-589-4110 Signature bf Authorized Official Telephone CITY TIF FORM 3 TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF TIF INCREMENT TAX REVENUE RECEIVED FROM THE COUNTY TREASURER CERTIFICATION TO COUNTY AUDITOR Use One Certification Per Urban Renewal Area City: Dubuque County: Dubuque Urban Renewal Area Name: Quebecor Economic Development District Urban Renewal Area Number: 31029 (Use five-digit Area Number Assigned by the County Auditor) I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above, the City has reduced previously certified indebtedness, by reason other than application of TIF increment tax revenue received from the County Treasurer, by the total amount as shown below. Provide sufficient detail so that the County Auditor will know how to specially administer your request. For example, you could have multiple indebtedness certifications in the Urban Renewal Area, and the County Auditor would need to know which particular indebtedness certifcation{s) to reduce. If rebate agreements are involved with a reduction, and the County has segregated the rebate property into separate TIF Increment taxing districts, provide the five-digit county increment taxing district numbers for reference. Individual TIF Indebtedness Type/Description/Details: tconomic Development Agreement -Quebecor: Reduced assessed value reduced rebate Amount Reduced: 470,179 Total Reduction In Indebtedness For This Urban Renewal Area: 470,179 Dated/yt/h(~'is 1st d/a~,1y of December .j y ~ ~ / Si ature of Authorizeld Official 2007 563-589-4110 Telephone 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 $76,441,637.79 F~ROJECT 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 1 ICE HARBOR 1990-91 Advance from City Fds $394,266.00 Land Acquisition DEVELOPMENT Advance from City Fds 22,152.00 Consulting Engineering Advance from City Fds 6,555.00 Signage Advance from City Fds 42,106.00 RR Relocation Advance from City Fds 171,734.00 Sheet Piling Advance from City Fds 24,042.00 Depot Improvements Advance from City Fds 662,354.00 Parking Lots Advance from City Fds 12,847.00 Pier Ramp Advance from City Fds 36,443.00 Floodwall Improvements Advance from City Fds 145,556.00 Cleanup and Clearance Advance from City Fds 17,095.00 Overpass Stairs 1996-99 Advance from City Fds (5,730.48) Interest Earnings 2000 Advance from City Fds 8,981.70 Services from CED staff 2000 Advance from City Fds (848.73) Interest Earnings 2002 Advance from Ciry 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 2007 Advance from City Fds (19,356.41) Interest Earnings 2007 Advance from City Fds 3,817.00 Legal Fees 2008 Advance from City Fds 6,033.00 Legal Fees 2008 Advance from City Fds 2,000.00 Consultant Services 2006 Advance from City Fds 59,017.00 Stealth Racing Relocation Costs 2006 Advance from City Fds 10,000.00 Recognition Wall 2006 Advance from City Fds 37,000.00 Riverside Electric 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 1,317.44 Legal Services TOTAL PROJECT $1,719,431.14 LESS TIF REVENUE TO DATE ($1,587,719.00) NET PROJECT $131,712.14 AMERICA'S RIVER PROJECT 2002-2022 G.O. Bond Issue 12-01 9,500,000.00 2002-2022 G.O. Bond Issue 1-02 2,860,000.00 2002-2022 Interest 6,455,133.01 Interest exp. over life of bonds 2002-2022 Gaming Revenue-C1P (12,591,558.00) Gaming Revenue to Abate Debt 2003 Private Participation (672,375.00) County payment 1st yr interest 2003 Advance from City Fds 855.66 Legal Expense 2005 Advance from City Fds 1,966.80 Legal Expense 2005 Advance from City Fds 594.72 Consultant Services 2005 Advance from City Fds 99,778.00 Development Agreement -Platinum 2006 Advance from City Fds 73,704.00 Development Agreement -Platinum 2007 Advance from City Fds 116,996.00 Development Agreement -Platinum 2008 Advance from City Fds 132,734.00 Development Agreement -Platinum 2005-06 TIF Bonds -Principal 0.00 Actual Principal Paid from TIF 2005-06 TIF Bonds -Interest 504,526.00 Actual Interest Paid from TIF TOTAL PROJECT $6,482,355.19 LESS TIF REVENUE TO DATE ($814,192.18) NET PROJECT $5,668,163.01 GRAND TOTAL $5,799,875.15 PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT (DOWNTOWN SUB AREAS: UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN) Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS 1 SECURITY BUILDING 1983 Urban Renewal Bonds $360,000.00 Principal RENOVATION 1983 Urban Renewal Bonds 205,787.48 Interest 1983 Urban Renewal Bonds (32,478.00) Capitalized Interest TOTAL PROJECT $533,309.48 LESS TIF REVENUE TO DATE ($533.,309.48) PROJECT REMAINING $0.00 2 TRILOG BUILDING 1990 Advance from City Fds. 38,612.79 Temporary Parking 1990 Advance from City Fds. 4,141.00 Landscaping 1990 Advance from City Fds. 18,210.72 Building Site Impr. TOTAL PROJECT $60,964.51 LES S TIF REVENUE TO DATE ($60,964.51) PROJECT REMAINING $0.00 3 HOTEL PROJECT 1991 108 Loan-HUD-8-14-90 $1,200,000.00 Principal 1992 108 Loan-HUD-8-14-90 395,139.06 Interest 1992 108 Loan-HUD-8-14-90 (38,776.18) Interest Earnings 1993 Advance from CDBG 58,000.00 Easement Purchase TOTAL PROJECT $1,614,362.88 LES S TIF REVENUE TO DATE ($1,614,362.88) PROJECT REMAINING $0.00 4 DOWNTOWN LOAN 1994 Advance from City Fds $260,000.00 Addition to loan pool POOL-BLDG FACADES 1995 Current TIF Revenue 387,000.00 Addition to loan pool 1996 Current TIF Revenue 200,000.00 Addition to loan pool 1998 Current TIF Revenue 568,000.00 Addition to loan pool 1999 Current TIF Revenue 365,000.00 Addition to loan pool 2000 Current TIF Revenue 100,000.00 Addition to loan pool 2001 Current TIF Revenue 100,000.00 Addition to loan pool 2002 Current TIF Revenue 100,000.00 Addition to loan pool 2003 Current TIF Revenue 90,000.00 Addition to loan pool 2004 Current TIF Revenue 25,000.00 Addition to loan pool 2005 Current TIF Revenue 25,000.00 Addition to loan pool 2007 Current TIF Revenue 300,000.00 Addition to loan pool TOTAL PROJECT $2,520,000.00 LESS TIF REVENUE TO DATE ($2,520,000.00) PROJECT REMAINING $0.00 5 ALLEYS /STREETS /CUR 1995 Advance from City Fds $153,165.65 Construction costs RAMPS 1996 Advance from City Fds 17,133.01 Construction costs 1997 Advance from City Fds 18,643.35 Construction costs TOTAL PROJECT $188,942.01 LESS TIF REVENUE TO DATE ($188,942.01) PROJECT REMAINING $0.00 6 MARKET STUDY 1995 Advance from City Fds $29,600.00 Consultant 1996 Reimburse-Main St. Ltd. (4,600.00) Private Participation TOTAL PROJECT $25,000.00 LESS TIF REVENUE TO DATE ($25,000.00) PROJECT REMAINING $0.00 7 DOWNTOWN 1996 Advance from City Fds $35,898.73 Circulation Study TRAFFIC CIRCULATION 1997 Advance from City Fds 30,287.70 Circulation Study 1998 Advance from City Fds 9,689.82 Circulation Study 1999 Advance from City Fds 20,272.00 Signal Changes 1999 Advance from City Fds 191,410.00 8th St.Opening Eng. PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT (DOWNTOWN SUB AREAS: UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN) Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS 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 LESS TIF REVENUE TO DATE ($973,514.01) PROJECT REMAINING $1,066,715.00 8 UNDERGROUND WIRES 1997-98 Advance from City Fds $41,032.37 Construction Mangement 1999 Advance from City Fds 77,481.63 Wiring Contracts (20% of total cost) 2000 Advance from City Fds 1,830.63 Design 2000 Advance from City Fds 17,714.03 Construction-Wiring TOTAL PROJECT $138,058.66 City reimbursed 80% through Grant LESS TIF REVENUE TO DATE ($138,058.66) PROJECT REMAINING $0.00 9 THOMPSON BUILDING 2001 TIF Funds $16,494.00 Economic Development Grant with 2003 TIF Funds 17,368.00 payments over 10 yrs @ $10,400/yr 2003 TIF Funds 18,873.62 to a maximum of $104,000 2004 TIF Funds 19,642.33 2005 TIF Funds 21,019.57 2006 TIF Funds 10,602.48 Final Payment TOTAL PROJECT $104,000.00 LESS TIF REVENUE TO DATE ($104,000.00) PROJECT REMAINING $0.00 10 PARKING SYSTEM EXP. 1999 Advance from City Fds $89,977.63 Appraisals, Land Acq., Demolition 2000 Advance from City Fds 314,908.27 Merchants &Dolans Demo. Related 2000 Rents and Concessions (1,975.00) Merchants 2000 Property Tax Sale Rel (2,310.00) Merchants 2001 Environmental Testing 4,895.00 Merchants/Dolans Sites 2007 Bond Refunding (5,047.00) 2006C Adv Refunding Bond Savings 2007-20 GO TIF Bonds-Principal 4,635,000.00 20 Yr GO Bonds sold for new 3rd Street Ramp 2007-20 GO TIF Bonds-Interest 1,810,391.00 20 year Interest expense on GO Bonds 2001-06 GO TIF Bonds-Principal 1,016,565.50 Actual Principal Paid 2001-06 GO TIF Bonds -Interest 1,505,174.97 Actual Interest Paid TOTAL PROJECT $9,367,580.37 LESS TIF REVENUE TO DATE ($3,798,023.37) PROJECT REMAINING $5,569,557.00 11 MISCELLANEOUS TIF FD 1996 ($27,418.67) Interest Earnings REVENUES AND EXP. 1997 (9,903.88) Interest Earnings 1998 (915.59) Interest Earnings 1999 (2,112.32) Property Tax-Sale Related 1998 Advance from City Fds 988.80 Legal Fees 1999 (6,340.00) Interest Earnings 1999/00 Advance from City Fds 3,938.90 Legal Fees 2001 (236.45) Interest Earnings 2003 Advance from City Fds 1,109.79 Legal Fees 2005 Combining of TIF Districts 1,966.79 50% Legal Fees 2006 Advance from City Fds 2,681.79 Legal Fees 2006 Advance from City Fds 623.70 Consultant Services PROJECT DESIGNATION: GREATER DOWNTOWN URBAN RENEWAL PROJECT (DOWNTOWN SUB AREAS: UPPER MAIN, TOWN CLOCK PLAZA, AND OLD MAIN) Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS TOTAL PROJECT ($35,617.14) OFFSET TO PROJECTS $35,617.14 $0.00 12 PRUDENTIAL PROJECT 2000 Advance from City Fds $1,500.00 10 years economic development (CIGNA) 2003 Cigna Tax Payments-TIF 263,198.00 grant with no maximum 2004 Cigna Tax Payments-TIF 264,537.12 2005 Cigna Tax Payments-TIF 282,549.52 2006 Cigna Tax Payments-TIF 279,665.48 2007 Cigna Tax Payments-TIF 317,071.00 2008 Cigna Tax Payments-TIF 330,686.00 Est. 2009-11 Cigna Tax Payments-TIF 992,055.00 Est. TOTAL PROJECT $2,731,262.12 LESS TIF REVENUE TO DATE ($1,739,207.00) PROJECT REMAINING $992,055.12 13 COTTINGHAM & BUTLER 2004-05 TIF revenues generated $27,666.22 Historic Preservation Rebate program 2006-07 by project-1st 4 yrs 100% 49,377.00 Est. Defined tax rebate program over 8 yrs 2008 5th Year 75% 19,983.75 Est. January 1, 2001 base value=$58,850 2009 6th Year 50% 13,322.50 Est. January 1, 2002 value = $197,690 2010 7th Year 25% 6,661.25 Est. January 1, 2003 value = $747,180 TOTAL PROJECT $117,010.72 LESS TIF REVENUE TO DATE ($97,026.97) PROJECT REMAINING $19,983.75 14 BRICKTOWN 2005 TIF revenues generated $16,934.06 Historic Preservation Rebate program 2006-08 by project-1st 4 yrs 100% 61,340.54 Est Defined tax rebate program over 8 yrs 2009 5th Year 75% 16,499.25 Est Increment value of $564,190 2010 6th Year 50% 10,999.50 Est 2011 7th Year 25% 5,499.75 Est TOTAL PROJECT $111,273.10 LESS TIF REVENUE TO DATE ($78,274.60) PROJECT REMAINING $32,998.50 15 HEARTLAND FINANCIAL 2006 Heartland TIF Payment $30,554.49 2007 Heartland TIF Payment $68,467.00 2008 Heartland TIF Payment $68,467.00 Est. 2009 Heartland TIF Payment $69,490.00 Est. Economic development rebate program . 20010-1 ~ TIF revenues generated 416,940.00 Est. over 10 years commencing with by project over 10 yrs 12-1-05 TIF filing TOTAL PROJECT $653,918.49 LESS TIF REVENUE TO DATE ($167,488.49) PROJECT REMAINING $486,430.00 16 KUNKEL-BRIGGS 2004 TIF bonds--principal $182,000.00 TIF bonds to be repaid over (LOWER MAIN) 2004 TIF bonds--interest 111,816.66 10 years $293,816.66 LESS TIF REVENUE TO DATE ($79,748.00) PROJECT REMAINING $214,068.66 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 17 FEDERAL BUILDING 2007 Advance from City Fds $1,097.44 RENOVATION 2007 Advance from City Fds 4,535.35 2007 Advance from City Fds 235,583.34 2007 Advance from City Fds 23,276.93 2007 Advance from City Fds 530,937.90 2007 Advance from City Fds 1,587.12 2006 Advance from City Fds 215.00 2008 Advance from City Fds 83,371.23 2008 Advance from City Fds 86,880.39 2008 Advance from City Fds 197,413.80 2008 Advance from City Fds 30,659.33 2008 Advance from City Fds 15,176.31 2008 Advance from City Fds 1,695,556.99 2008 Advance from City Fds 200,710.43 2008 Advance from City Fds 1,946.22 2008 Advance from City Fds ~ 3,090.34 TOTAL PROJECT $3,112,038.12 LESS TIF REVENUE TO DATE ($140,988.86) PROJECT REMAINING $2,971,049.26 18 PORT OF DUBUQUE 2007 Advance from City Fds 12.52 PARKING RAMP 2007 Advance from City Fds 5,181.20 2007 Advance from City Fds 4,000.00 2007 Advance from City Fds 9,705.98 2008 Advance from City Fds 6,350,000.00 2008 Private Participation (6,350,000.00) 2008 TIF bonds--principal 23,025,000.00 2008 TIF bonds--interest 35,841,421.88 TOTAL PROJECT $58,885,321.58 LESS TIF REVENUE TO DATE ($18,900.00) PROJECT REMAINING $58,866,421.58 19 MCGRAW HILL PARKING LOT 2007 Advance from City Fds 2007 Advance from City Fds 2007 Advance from City Fds 2007 Advance from City Fds 2008 Advance from City Fds 2008 Advance from City Fds 2008 Advance from City Fds 2008 Advance from City Fds TOTAL PROJECT LESS TIF REVENUE TO DATE PROJECT REMAINING $84.00 55,502.77 1,016.00 15,661.38 16,614.64 73,081.00 295,753.67 387.45 $458,100.91 $0.00 $458,100.91 USE OF DOLLARS Miscellaneous Services Miscellaneous Services Consulting Services Engineering Div. Services Construction Lead Paint Inspection Construction Miscellaneous Services Consulting Services Furniture Signage Telephone Equipment Telephone Equipment Equipment Engineering Div. Services Lead Paint Inspection Legal Notices Legal Fees Data Collection Engineering Div. Services Construction Diamond Jo payment TIF bonds to be paid over 30 years with minimum assessment Legal Fees Consultant Services Building Plans Engineering Division Services Consultant Services Electrical Equipment Construction of Lot Engineering Division Services GRAND TOTAL FOR URBAN RENEWAL AREA $82,919,571.48 LESS TIF REVENUE TO DATE ($12,277,808.84) PROJECT REMAINING $70,641,762.64 PROJECT DESIGNATION: KERPER BOULEVARD INDUSTRIAL PARK ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ. # PROJECT TITLE FY SOURCE AMOUNT 1 KERPER IND. PARK DEV 2 EAGLE WINDOW (ALLC) 1997 Advance from City Funds $8,342.25 1998 Advance from City Funds 1,131,351.68 1999 Advance from City Funds 47,302.17 1999 Advance from City Funds 541,947.80 2000 Advance from City Funds 609,819.75 2000 Advance from City Funds (92.76) 2000 Advance from City Funds 18.45 2000 Advance from City Funds 10,689.00 2000 Advance from City Funds 34,731.00 2000 Advance from City Funds 1,342.61 2000 Advance from City Funds 26,945.50 2001 Advance from City Funds 3,588.75 2001 Advance from City Funds 7,683.52 2001 Advance from City Funds 4,771.50 2001 Advance from City Funds 39,279.17 2001 Advance from City Funds (590.11) 2002 State Grant Funds (492,000.00) 2002 Advance from City Funds 3,194.58 2002 Advance from City Funds 3,185.00 2003 Advance from City Funds 112.50 2003 Advance from City Funds 300.00 2003 Advance from City Funds 1,144.30 2003 Advance from City Funds (2,455.78) 2004 Advance from City Funds 450.00 2004 Advance from City Funds 801.50 2004 Advance from City Funds 33,022.50 2004 Advance from City Funds (3,576.32) 2005 Advance from City Funds (6,345.27) 2005 Advance from City Funds 56,094.61 2006 Advance from City Funds (4,986.02) 2006 Advance from City Funds 2,736.00 2006 Advance from City Funds 1,239.14 2006 Advance from City Funds 3,259.08 2006 Advance from City Funds 509.42 2007 Advance from City Funds 1,930.00 2007 Advance from City Funds 1,851.00 2007 Advance from City Funds (8,543.24) 2008 Advance from City Funds (1,752.02) YTD TOTAL PROJECT $2,057,301.26 LESS TIF REVENUE TO DATE ($543,302.63) PROJECT REMAINING $1,513,998.63 2007-12 TIF Revenue Bond Issue-Principal $2,224,750.17 2007-12 TIF Revenue Bond Issue-Interest 714,673.09 2000-06 TIF Bonds -Principal 943,787.89 2000-06 TIF Bonds -Interest 1,489,647.50 2000 Proceeds to Pay Debt (443,938.06) 2000 Proceeds for Legal Fees (24,600.00) 2000 Legal Fees on Debt 24,600.00 2002 State Grant Funds (692,000.00) 2003 Advance from City Funds 313,061.00 2004 Advance from City Funds 378,939.00 TOTAL PROJECT $4,928,920.59 LESS TIF REVENUE TO DATE ($2,935,715.00) PROJECT REMAINING $1,993,205.59 USE OF DOLLARS Environmental/Taxes Env./Dredging Legal, Engineering, Taxes Construction/Grading Construction/Grading Investment Earnings Postage Property Tax Consulting Engineers Legal Services Consultant Services Consulting Engineers Consultant Services Miscellaneous Services Construction Investment Earnings Iowa Dept. of Econ Dev. Grant Consultant services-environmental Misc.--appraisal expense Consultant services-environmental Misc.--appraisal expense Construction Investment Earnings Legal Services City Engineering Services Construction Investment Earnings Investment Earnings Construction-Flynn Ready Mix Rail Spur Investment Earnings Consulting Engineers Ballast for Railroad Legal Fees City Engineering Services Trees Legal Fees Investment Earnings Investment Earnings Principal Interest Principal Paid Interest Paid Bond Funds for first 18 months debt Bond Proceeds for Legal Fees Legal Fees Iowa Dept. of Econ Dev. Grant Construction Construction GRAND TOTAL $3,507,204.22 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 FY SOURCE AMOUNT USE OF DOLLARS 1 DUBUQUE TECH PARK 1997 Advance from City Fds $95,379.03 Engineering & Design related INDUSTRIAL CENTER 1997 Advance from City Fds 76,256.03 Grading Contract ON SITE IMPROVEMENTS 1998 Advance from City Fds 206,758.06 Construction & 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 1,01D.74 Services from CED Dept 2001 Advance from City Fds 17,618.35 Legal Services 2001 Advance from City Fds 3,852.72 Consultant Services 2001 Advance from City Fds 8,162.49 Construction 2001 RISE Grant (179,645.00) Interior Roads 2002 Advance from City Fds 16,472.00 Legal Services 2002 Advance from City Fds 4,778.00 Legal Services 2002 Advance from City Fds 784,803.00 Construction 2003 Advance from City Fds 1,215.95 Legal Services 2007 Advance from City Fds (13,774.66) Investment Earnings 2008 Advance from City Fds (2,487.49) Investment Earnings 2007 Advance from City Fds 2,245.00 Legal Services 2007 Advance from City Fds 5,732.00 Eng. Div. Services 2007 Advance from City Fds 1,255.00 Consultant Services 2007 Advance from City Fds 4,227.00 Miscellaneous Services 2008 Advance from City Fds 250.00 Abstracting 2008 Advance from City Fds 60,734.00 Signage TOTAL PROJECT $4,759,913.30 LESS TIF REVENUE TO DATE ($150 319.00) PROJECT REMAINING $4,609,594.30 2 ADVANCED DATA COMM 1999-2011 TIF Revenue Bonds 3-18-99 900,000.00 Principal 10 year bond issue $900,000 530,216.00 Interest Company min. assessment (100,650.00) Debt Service Reserve Fd agreement tc 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) ADC 2000 Investment Earnings (10,435 87) ADC 2001 Investment Earnings (9,431.46) ADC 2002 Investment Earnings (6,923.75) ADC 2003 Investment Earnings (5,008.62) ADC 2004 Investment Earnings (6,844.80) ADC 2005 Investment Earnings (8,191.12) ADC 2006 Investment Earnings (6,739.60) ADC 2007 Investment Earnings (8,179.19) ADC 2008 Investment Earnings (5,111.00) YTD ADC TOTAL PROJECT $1,199,064.96 LESS TIF REVENUE TO DATE ($1,042,957.00) PROJECT REMAINING $156,107.96 3 HORIZON DUCARTE 2000-201 1 TIF Revenue Bonds 12-01-99 360,000.00 Principal (CARTEGRAPH) 10 year bond issue $360,000 222,397.00 Interest wlmin. assessment agreement (49,876.16) Debt Service Reserve Fd to cover debt (31,680.00) Bond Funds for 1st 18 months debt 2000 Legal Fees 2,702.03 Legal Fees 2000 Investment Earnings (2,771.75) Cartegraph (Ducarte) 2001 Investment Earnings (4,982.25) Cartegraph (Ducarte) 2002 Investment Earnings (3,518.43) Cartegraph (Ducarte) 2003 Investment Earnings (2,421.24) Cartegraph (Ducarte) 2004 Investment Earnings (2,649.94) Cartegraph (Ducarte) 2005 Investment Earnings (2,920.38) Cartegraph (Ducarte) 2006 Investment Earnings (3,439.29) Cartegraph (Ducarte) 2007 Investment Eamings (5,862.33) Cartegraph (Ducarte) 2008 Investment Earnings (2,174.00) YTD Cartegraph (Ducarte) TOTAL PROJECT $472,803.26 LESS TIF REVENUE TO DATE ($456,123.00) PROJECT REMAINING $16,68026 4 KUNKEL BOUNDS 2008-18 TIF revenue 289,325.00 Est. 10 year economic rebate 2006 Advance from City Fds 1,255.00 2006 Advance from City Fds 225.00 2008 Rebate 32,146.00 TOTAL PROJECT $322,951.00 LESS TIF REVENUE TO DAT E ($33,626.00) PROJECT REMAINING $289,325.00 GRAND TOTAL FOR URBAN RENEWA L AREA $5,071,707.52 10 year economic development grant, no max Estimated Incre. Value of $1,000,000 Consultant Services Misc. Services PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.9 PROJ. CITY FUNDING # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS 1 METRIX COMPANY 1988 Urban Renewal TIF Rev. $125,000.00 Principal Note No. 1 1988 29,722.00 Interest TOTAL PROJECT $154,722.00 LESS TIF REVENUE TO DATE ($154,722.00) PROJECT REMAINING $0.00 2 NORDSTROM DISTR. 1991 108 Loan from HUD $1,000,000.00 CENTER dated 3-5-91 379,188.00 Loan repayments 37,858.00 have been completed (4,974.00) (300,000.00) 2000 Loan Repay-Dub.lnfuturo 190,000.00 TOTAL PROJECT $1,302,072.00 LESS TIF REVENUE TO DATE ($1,302,072.00) PROJECT REMAINING $0.00 3 RADFORD RD RECONSTR. 1997 Advance from City Fds $238,516.00 TOTAL PROJECT $238,516.00 LESS TIF REVENUE TO DATE ($238,516.00) PROJECT REMAINING $0.00 4 PRECISION TOOL 1999 TIF Revenue Obligation 2000 approved 4-1-96 19,166.67 2001 20,928.00 2002 17,358.00 2003 16,924.00 2004 13,974.95 2005 14,417.65 TOTAL PROJECT $102,769.27 LESS TIF REVENUE TO DATE ($102,769.27) PROJECT REMAINING $0.00 5 WEBER PAPER COMPANY 1999 TIF Revenue Obligation $30,000.00 2000 approved 11-17-97 33,950.00 2001 33,332.00 2003 35,100.00 2003 17,618.00 TOTAL PROJECT $150,000.00 LE SS TIF REVENUE TO DATE ($150,000.00) PROJECT REMAINING $0.00 6 COUNTY FARM INDUSTRIAL 1997 Advance from City Fds $197,895.97 SITE DEVELOPMENT 1998 Advance from City Fds 177,024.00 1998 Advance from City Fds 7,500.47 1998 Advance from City Fds 328,391.95 1999 RISE Grant (349,583.00) 1999 Sales Tax Refund (26,253.00) 1999 Reimbursement General (57,000.00) 1999 Land Contract 59,642.00 1999 Advance from City Fds 27,724.00 1999 Advance from City Fds 5,622,487.70 2000 Sales Tax Refund (63,729.00) 2000 Insurance Claim/Other (9,474.00) 2000 Advance from City Fds 1,012.98 2000 Land Contract 59,642.00 2000 Advance from City Fds 105,789.01 2000 Advance from City Fds 1,583.71 2000 Advance from City Fds 3,393.00 2000 Advance from City Fds 59,526.35 2000 Advance from City Fds 1,649,226.84 2000 Advance from City Fds 10,959.80 Principal Interest Expense Issuance Expense Interest Earnings Capitalized Debt Land Acqusstion Loan 11-30-90 Construction contract let 9-3-96 Economic Development Grant $115,000 Max with payments over 6 yrs Max (FY 98-03) of $19,167/yr Final Payment Economic Development Grant $150,000 with payments over 5 yrs (FY 99-03) of $30,000/yr. Final Payment Land acquisition rel. expense-Seigerts Land acquisition rel. expense-Bergfelds Easement acquisition Engineering/Construction/Legal Services Interior Roads Land Contrct Payments-Seigert/Berfeld Easement acquisition Construction related expense Property Tax Land Contract Payments-Seigert/Berfeld Consultant Services Miscellaneous Services Legal Services Landscaping Contract Construction Services from Eng., CED, Consulting Engineers PROJECT DESIGNATION: DUBUQUE INDUSTRIAL CENTER ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.9 PROJ. # PROJECT TITLE 7 MISCELLANEOUS REVENUE AND EXPENSE CITY FUNDING FY SOURCE AMOUNT 2001 TIF Payments 266,666.00 2001 Land Contract 59,642.00 2001 Legal Services 12,133.00 2001 Damage Claims 140,000.00 2001 Sales tax Refund (49,577.00) 2001 Advance from City Fds 22,050.00 2001 Advance from City Fds 7,257.00 2001 Advance from City Fds 270.00 2001 Advance from City Fds 312,041.00 2001 Advance from City Fds 48,084.00 2002 TIF Payments 266,667.00 2002 Advance from City Fds 84,000.00 2002 Land Contract 57,024.00 2002 Advance from City Fds 22,877.13 2002 Advance from City Fds 44,330.50 2002 Advance from City Fds 8,931.84 2002 Advance from City Fds 1,802.84 2002 Advance from City Fds 8,032.00 2002 Advance from City Fds 114,000.00 2002 Advance from City Fds 11,051.15 2002 Advance from City Fds 70,114.89 2002 Advance from City Fds (932.00) 2003 Advance from City Fds 41,093.50 2003 Advance from City Fds 15,857.59 2003 Advance from City Fds 16,193.14 2003 Advance from City Fds 2,423.65 2003 Advance from City Fds 583,148.07 2003 RISE Grant (627,064.65) 2003 Land Contract 55,946.00 2003 Land Contract 616,000.00 2003 Advance from City Fds (18,957.36) 2003 Advance from City Fds (2,424.00} 2004 Advance from City Fds 64,664.14 2004 Advance from City Fds 1,500.00 2004 Advance from City Fds 14,068.80 2004 Advance from City Fds 3,370.73 2004 Advance from City Fds 9,473.50 2004 Advance from City Fds 26,031.76 2004 TIF Payments 266,667.00 2004 Land Contract 28,842.00 2004 Land Contract 655,500.00 2005 Advance from City Fds 144.93 2005 Advance from City Fds 23,873.98 2006 Advance from City Fds 623.70 2007 Advance from City Fds 5,392.00 2007 Advance from City Fds 2,245.00 2008 Advance from City Fds 3,955.81 2008 Advance from City Fds 175.00 2008 Advance from City Fds 375.00 TOTAL PROJECT $11,101,345.42 LESS TIF REVENUE TO DATE ($4,327,267.96) PROJECT REMAINING $6,774,077.46 1996 ($10,716.82) 1997 (18,184.84 ) 1998 (18,551.61) 1999 (16,445.37) 2000 (41,742.38} 2001 (24,358.72) 2002 (14,850.85) 2003 (7,731.02) 2005 (8,439.58) 2006 (10,479.06) 2007 (20,229.70) 2008 (1,621.22) YTD TOTAL PROJECT ($193,351.17) USE OF DOLLARS Alliant No Interest Loan-1st of 3 payments Land Contrct Payments-SeigerUBerteld Grading Contractor Architectural Services Consultant Services Miscellaneous Services Construction Contract Landscaping Contract Alliant No Interest Loan-2nd of 3 payments Prepayment made 10-00 on Baloon Payment Land Contrct Payments-Seigert/Berfeld 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 Farm 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 Farm Signage Legal Fees Consultant Services Consultant Services Consultant Services Legal Fees Consultant Services Abstract for Lot 1-2 Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings Interest Earnings 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 APPLIED AGAINST PROJECTS $193,351.17 $0.00 SPEC BUILDING--WELTER D 2009-14 TIF Generated Revenue 316,356.00 Economic Dev. grant to Welter 2005 Actual Taxes Paid 14,448.46 Devl. for 10 years beginning 2006 Actual Taxes Paid 46,505.92 in FY 2005, no maximum 2007 Actual Taxes Paid 49,765.00 Estimate of 10 years of TIF payments 2008 Actual Taxes Paid 52,726.00 Est $479,801.38 LESS TIF REVENUE TO DATE ($163 445.38) PROJECT REMAINING $316,356.00 9 McGRAW HILL CORPORATION Economic Dev. grant for 10 years beginning in FY 2005, no maximum 2002 Partial value on building January 1, 2002 value $2,712,780 2009-14 TIF Generated Revenue $1,963,405.68 January 1, 2003 value $9,292,660 2005 Actual Taxes Paid 293,558.96 Estimate of 10 years of TIF payments 2006 Actual Taxes Paid 303,534.58 2007 Actual Taxes Paid 344,129.24 2008 Actual Taxes Paid 327,234.28 TOTAL PROJECT $3,231,862.74 LESS TIF REVENUE TO DATE ($1,268,457.06) PROJECT REMAINING $1,963,405.68 10 GIESE 2007-14 TIF Generated Revenue $228,058.92 Economic Dev. grant 2005 TIF Generated Revenue 41,139.64 for 10 years beginning 2006 TIF Generated Revenue 35,650.42 in FY 2005, no maximum 2007 TIF Generated Revenue 37,060.04 Estimate of 10 years of TIF payments 2008 TIF Generated Revenue 38,009.82 Estimate of 10 years of TIF payments $379,918.84 LESS TIF REVENUE TO DATE ($151,859.92) PROJECT REMAINING $228,058.92 11 VESSEL SYSTEMS 2004-06 TIF Bonds--Principal $9,596.16 2004-06 TIF Bonds--Interest 22,196.50 2007-15 TIF Bonds-Principal 130,403.84 TIF borrowing of $140,000 TIF Bonds--Interest 60,699.82 to be repaid over 10 years 2006 Advance from City Fds 2,086.91 Legal Fees $224,983.23 LESS TIF REVENUE TO DATE_ ($78,639.00) ' PROJECT REMAINING $146,344.23 12 ADAMS COMPANY 2004-06 TIF Bonds--Principal $90,909.09 2004-06 TIF Bonds-Interest 44,955.00 2007-15 TIFGonds--Principal 409,090.91 TIF borrowing of $500,000 TIF Bonds-Interest 83,193.47 to be repaid over 10 years 2006 Reconciliation of Proceeds (21,590.25) TOTAL PROJECT $606,558.22 LESS TIF REVENUE TO DATE ($267,418.00) PROJECT REMAINING $339,140.22 13 DICW EXPANSION PROJECT * 2004 Advance from City Fds $105,378.75 Consulting Engineers Incl Park/Trail & Synergy Court 2005 Advance from City Fds 175,860.63 Consulting Engineers 2005 Advance from City Fds 238,760.62 Construction Contract 2006 Advance from City Fds 1,391.27 Legal Fees 2005-06 TIF Bonds-Principal 90,000.00 Tax Exempt TIF borrowing of $4,270,000 2005-06 TIF Bonds--Interest 187,305.45 to be repaid over 16 years 2007-21 TIF Bonds--Principal 4,180,000.00 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 TIF Bonds--Interest 1,846,362.49 2005-06 TIF Bonds--Principal 190,000.00 Taxable TIF borrowing of $2,995 000 2005-06 TIF Bonds--Interest 155,641.95 , to be repaid over 11 years 2007-16 TIF Bonds--Principal 2,805,000.00 TIF Bonds--Interest 807,890.01 TOTAL PROJECT $10,783,591.17 LESS TIF REVENUE TO DATE ($1,879,692.00) PROJECT REMAINING $8,903,899.17 14 THEISEN SUPPLY INC. 2007-18 TIF bonds--principal $812,000.00 TIF borrowing of $812,000 2007-18 TIF bonds--interest 491,289.25 to be repaid over 10 years $1,303,289.25 LESS TIF REVENUE TO DATE ($98,290.00) PROJECT REMAINING $1,204,999.25 10 TRI-STATES 2009-17 TIF Generated Revenue $205,515.00 Economic Dev. grant (HEELER FAMILY REALTY) 2008 TIF Generated Revenue 13,301.98 for 10 years beginning in FY 2008, no maximum Estimate of 10 years of TIF payments $218,816.98 LESS TIF REVENUE TO DATE ($13,301.98) PROJECT REMAINING $205,515.00 11 P&L VENTURES 2010-18 TIF Generated Revenue $254,592.00 Economic Dev. grant (NATIONAL DENTEX) 2009 TIF Generated Revenue 8,959.00 for 10 years beginning $263,551.00 in FY 2009, no maximum LESS TIF REVENUE TO DATE $0.00 Estimate of 10 years of TIF payments PROJECT REMAINING $263,551.00 12 SCHER REAL ESTATE 2010-18 TIF Generated Revenue $196,740.00 Economic Dev. grant (DUBUQUE SCREW PROD.) 2009 TIF Generated Revenue 18,010.00 for 10 years beginning $214,750.00 in FY 2009, no maximum LESS TIF REVENUE TO DATE $0.00 Estimate of 10 years of TIF payments PROJECT REMAINING $214,750.00 13 GIESE PROPERTIES II 2010-19 TIF Generated Revenue $163,950.00 Economic Dev. grant 2009 TIF Generated Revenue 343.00 for 10 years beginning $164,293.00 in FY 2009, no maximum LESS TIF REVENUE TO DATE $0.00 Estimate of 10 years of TIF payments PROJECT REMAINING $164,293.00 GRAND TOTAL FOR URBAN RENEWAL AREA $20,531,038.76 PROJECT DESIGNATION: EAST 7TH STREET ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement under Section 403.19(2) PROJ. # PROJECT TITLE FY SOURCE AMOUNT USE OF DOLLARS 1 MORRISON BROTHERS 1997 Advance from City Fds $15,747.00 1997 Advance from City Fds 213.30 2000 TIF Revenue Obligation 18,119.66 2001 TIF Revenue Obligation 22,398.00 2002 TIF Revenue Obligation 21,928.00 2003 TIF Revenue Obligation 19,509.42 2004 TIF Revenue Obligation 14,561.78 2005 TIF Revenue Obligation 20,194.60 2006 TIF Revenue Obligation 41,306.40 2007 TIF Revenue Obligation 42,938.00 2008 TIF Revenue Obligation 44,401.00 2009 TIF Revenue Obligation 37,497.00 EST 2006 Interest Earnings (32.56) TOTAL PROJECT $298,781.60 LESS TIF REVENUE TO DATE ($236,891.00) PROJECT REMAINING $61,890.60 Storm Sewer to building site Legal Services Economic Development Grant for over 10 years based on min. assessment agreement No maximum 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 ~F nni ~ nR~ 1 SWISS VALLEY 1999 TIF Revenue Obligation $0.00 COMPANY EXPANSION 2000 Rebate $0.00 2000 Investment Earnings (10.06) 2001 Rebate 0.00 2001 Investment Earnings (27.14) 2002 Rebate 0.00 2002 Investment Earnings (22.26) 2003 Rebate 0.00 2003 Investment Earnings (13.62) 2004 Rebate 0.00 2005 Rebate 0.00 2006 Rebate 1,309.42 2007 Rebate 2,036.00 2008 Rebate 1,361.02 TOTAL PROJECT $4,633.36 LESS TIF REVENUE TO DATE ($4,633.36) PROJECT REMAINING $0.00 Economic Dev. Grant of $168,940 payments over 10 yrs based on min. assessment agreement est. to generate $16,894 per yr. but will be based on actual rev. PROJECT DESIGNATION: QUEBECOR ECONOMIC DEVELOPMENT DISTRICT Schedule 1 Indebtedness Qualifying for Tax Increment Reimbursement Under Section 403.19(2) PROJ. # PROJECT TITLE FY .SOURCE AMOUNT USE OF DOLLARS 1 QUEBECOR 2009-14 TIF revenue 77,358.00 Est. 10 year economic development 10 year economic rebate grant, no maximum 2005 Actual TIF Rebate 15,108.19 2006 Actual TIF Rebate 11,994.10 2007 Actual TIF Rebate 12,468.00 2008 Actual TIF Rebate 12,893.00 2005 Investment Earnings (157.93) TOTAL PROJECT $129,663.36 LESS TIF REVENUE TO DATE ($52,463.29) PROJECT REMAINING $77,200.07 GRAND TOTAL FOR URBAN RENEWAL AREA $77,200.07