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Home My WebLink AboutFY2012 Urban Renewal Area ReportLevy Authority Summary Local Government Name: IOWA CITYLocal Government Number: 52G483 Active Urban Renewal Areas U.R.# # of TifTaxing Districts IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL 52020 3 IOWA CITY SCOTT SIX URBAN RENEWAL 52021 2 IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL 52023 2 IOWA CITY CITY UNIV PROJ I URBAN RENEWAL 52024 1 IOWA CITY HEINZ ROAD URBAN RENEWAL 52027 3 IOWA CITY HIGHWAY SIX URBAN RENEWAL 52028 3 TIF Debt Outstanding: 5,925,002 TIF Sp. Rev. Fund Cash Balance:as of 07-01-2011 685,673 TIF Revenue: 838,766 TIF Sp. Revenue Fund Interest: 718Asset Sales & Loan Repayments: 0Total Revenue: 839,484 Rebate Expenditures: 290,914 Non-Rebate Expenditures: 1,273,666 Returned to County Treasurer: 0Total Expenditures: 1,564,580 TIF Sp. Rev. Fund Cash Balanceas of 06-30-2012: -39,423 Year-End Outstanding TIFObligations, Net of TIF SpecialRevenue Fund Balance: 4,399,845 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 1 of 44 Urban Renewal Area Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWALUR Area Number: 52020 UR Area Creation Date: 08/2000 UR Area Purpose: To formulate and execute aworkable program using public andprivate resources to develop theUrban Renewal Project area forretail, office, and other commercialuses. Tax Districts within this Urban Renewal Area BaseNo.IncrementNo. IOWA CITY/IOWA CITY SCH/SYCAMORE MALL & FIRST AVE U.R. TIF INCREMENT 52195 52196 IOWA CITY/IOWA CITY SCH/SYCAMORE & 1ST AVE UR 2003 AMEND INCR 52239 52240 IOWA CITY/IOWA CITY SCH/SYCAMORE & 1ST-PLAYMOR UR TIF INCR 52247 52248Urban Renewal Area Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 2,797,520 39,292,570 8,299,850 0 -5,556 50,384,384 0 50,384,384 Taxable 0 1,357,633 39,292,570 8,299,850 0 -5,556 48,944,497 0 48,944,497 Homestead Credits 9 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 2 of 44 Projects For IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL Lower Muscatine Road Reconstruction Description: Improve roads around Kirkwood Comm College & MallClassification:Roads, Bridges & UtilitiesPhysically Complete:NoPayments Complete:No Plamor Redevelopment Description:Redevelop former Plamor LanesClassification:Commercial - retailPhysically Complete:YesPayments Complete:Yes Sycamore Mall Description:Renovate Sycamore MallClassification:Commercial - retailPhysically Complete:YesPayments Complete:Yes Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 3 of 44 Debts For IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL TIF Rebates Debt Type:Rebates Principal:34,355Interest:0Total:34,355Annual Appropriation Debt:NoDate Debt Incurred:09/10/2002FY of Last Debt Payment:2013 Low. Muscatine Rd. Reconstruction Debt Type:Internal LoansPrincipal:1,003,490Interest:0Total:1,003,490Annual Appropriation Debt:NoDate Debt Incurred:01/01/2010FY of Last Debt Payment:2013 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 4 of 44 Project/Debt Link For IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL Projects For TIF Rebates Plamor Redevelopment Projects For Low. Muscatine Rd. Reconstruction Lower Muscatine Road Reconstruction Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 5 of 44 Rebates For IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL Plamor redevelopment TIF Expenditure Amount:34,355 Rebate Paid To:Gerry AmbroseProjected Final FY of Rebate:2012 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 6 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL (52020)TIF Area Name: IOWA CITY/IOWA CITY SCH/SYCAMORE MALL & FIRST AVE U.R. TIFINCREMENTTIF Area Number: 00000 TIF Taxing District Base Year:2000 FY TIF Revenue First Received:2004 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2022 UR Designation Designation Date Slum No Blighted No Economic Development Yes 08/2000 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 36,692,930 0 0 0 36,692,930 0 36,692,930 Taxable 0 0 36,692,930 0 0 0 36,692,930 0 36,692,930 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 22,284,430 14,408,500 14,408,500 0 0 FY 2012 TIF Revenue Received: 547,852 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 7 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL (52020)TIF Area Name: IOWA CITY/IOWA CITY SCH/SYCAMORE & 1ST AVE UR 2003 AMEND INCRTIF Area Number: 00000 TIF Taxing District Base Year:2002 FY TIF Revenue First Received:2004 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2022 UR Designation Designation Date Slum No Blighted No Economic Development Yes 08/2000 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 2,797,520 586,800 8,299,850 0 -5,556 11,678,614 0 11,678,614 Taxable 0 1,357,633 586,800 8,299,850 0 -5,556 10,238,727 0 10,238,727 Homestead Credits 9 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 9,496,280 2,187,890 2,187,890 0 0 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 8 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL (52020)TIF Area Name: IOWA CITY/IOWA CITY SCH/SYCAMORE & 1ST-PLAYMOR UR TIF INCRTIF Area Number: 00000 TIF Taxing District Base Year:2000 FY TIF Revenue First Received:2006 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2022 UR Designation Designation Date Slum No Blighted No Economic Development Yes 08/2000 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 2,012,840 0 0 0 2,012,840 0 2,012,840 Taxable 0 0 2,012,840 0 0 0 2,012,840 0 2,012,840 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 959,150 1,053,690 1,040,690 13,000 429 FY 2012 TIF Revenue Received: 34,355 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 9 of 44 Urban Renewal Area Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SCOTT SIX URBAN RENEWAL (52021)TIF Area Name: IOWA CITY/IOWA CITY SCH/SYCAMORE & 1ST-PLAYMOR UR TIF INCRTIF Area Number: 00000 UR Area Creation Date: 07/1997 UR Area Purpose: To grow tax base; encouragedevelopment of start up firms,expansion of existing and attractionof new industries, especially in theare of renewable energy. Enhancenumber of sites available forindustrial development. Tax Districts within this Urban Renewal Area BaseNo.IncrementNo. IOWA CITY/IOWA CITY SCH/SCOTT SIX UR TIF INCREMENT 52208 52209 IOWA CITY AG/IOWA CITY SCH/SCOTT SIX UR TIF INCREMENT 52210 52211Urban Renewal Area Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 40,882 0 32,019,080 5,826,050 0 0 37,886,012 0 37,886,012 Taxable 28,217 0 32,019,080 5,826,050 0 0 37,873,347 0 37,873,347 Homestead Credits 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 10 of 44 Projects For IOWA CITY SCOTT SIX URBAN RENEWAL Construct rail sidings and spur Description: provide rail access to development sites in Classification:Roads, Bridges & Utilities Physically Complete:No Payments Complete:No Snyder Creek Trunk Sewer Description: new sewer trunk line to serve industrial park Classification:Roads, Bridges & Utilities Physically Complete:No Payments Complete:No External Administrative Expenses Description:legal, consulting, recording Classification:Administrative expenses Physically Complete:No Payments Complete:No Owens Brockway Description: TIF rebates; 5 years for expansion project Classification:Industrial/manufacturing property Physically Complete:Yes Payments Complete:Yes Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 11 of 44 Debts For IOWA CITY SCOTT SIX URBAN RENEWAL Administrative Expenses Debt Type:Internal Loans Principal:3,104 Interest:0 Total:3,104 Annual Appropriation Debt:No Date Debt Incurred:06/30/2012 FY of Last Debt Payment:2012 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 12 of 44 Project/Debt Link For IOWA CITY SCOTT SIX URBAN RENEWAL Projects For Administrative Expenses External Administrative Expenses Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 13 of 44 Notes For IOWA CITY SCOTT SIX URBAN RENEWAL The original 1997 Scott Six Urban Renewal Area was amended for the first time in July 2011. A TIF ordinance for the amended area has not yet been adopted. Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 14 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SCOTT SIX URBAN RENEWAL (52021)TIF Area Name: IOWA CITY/IOWA CITY SCH/SCOTT SIX UR TIF INCREMENTTIF Area Number: 00000 TIF Taxing District Base Year:2001 FY TIF Revenue First Received:2005 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2023 UR Designation Designation Date Slum No Blighted No Economic Development Yes 07/1997 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 32,019,080 5,826,050 0 0 37,845,130 0 37,845,130 Taxable 0 0 32,019,080 5,826,050 0 0 37,845,130 0 37,845,130 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 2,315,611 35,529,519 0 35,529,519 1,172,888 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 15 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SCOTT SIX URBAN RENEWAL (52021)TIF Area Name: IOWA CITY AG/IOWA CITY SCH/SCOTT SIX UR TIF INCREMENTTIF Area Number: 00000 TIF Taxing District Base Year:2001 FY TIF Revenue First Received:2005 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2023 UR Designation Designation Date Slum No Blighted No Economic Development Yes 07/1997 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 40,882 0 0 0 0 0 40,882 0 40,882 Taxable 28,217 0 0 0 0 0 28,217 0 28,217 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 26,405 14,477 0 14,477 330 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 16 of 44 Urban Renewal Area Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL (52023)TIF Area Name: IOWA CITY AG/IOWA CITY SCH/SCOTT SIX UR TIF INCREMENTTIF Area Number: 00000 UR Area Creation Date: 04/1999 UR Area Purpose: To facilitate an urban renewalprogram using private and publicresources to develop the area foroffice, research, production and/orassembly uses. To increase tax base;attract new and expansion ofexisting firms in area; provide newdevelopment sites. Tax Districts within this Urban Renewal Area BaseNo.IncrementNo. IOWA CITY/IOWA CITY SCH/NORTHGATE CORP PARK UR INCR 52230 52231 IOWA CITY AG/IOWA CITY SCH/NORTHGATE UR TIF INCR 52325 52326Urban Renewal Area Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 11,451 0 25,308,380 0 0 0 25,319,831 0 25,319,831 Taxable 7,903 0 25,308,380 0 0 0 25,316,283 0 25,316,283 Homestead Credits 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 17 of 44 Projects For IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL Seabury & Smith Expansion Description: TIF rebates; 10 years declining amount Classification:Commercial - office properties Physically Complete:Yes Payments Complete:Yes Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 18 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL (52023)TIF Area Name: IOWA CITY/IOWA CITY SCH/NORTHGATE CORP PARK UR INCRTIF Area Number: 00000 TIF Taxing District Base Year:2001 FY TIF Revenue First Received:2005 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2023 UR Designation Designation Date Slum No Blighted No Economic Development Yes 04/1999 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 25,308,380 0 0 0 25,308,380 0 25,308,380 Taxable 0 0 25,308,380 0 0 0 25,308,380 0 25,308,380 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 6,712,217 18,596,163 0 18,596,163 613,890 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 19 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL (52023)TIF Area Name: IOWA CITY AG/IOWA CITY SCH/NORTHGATE UR TIF INCRTIF Area Number: 00000 TIF Taxing District Base Year:2001 FY TIF Revenue First Received:2005 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2023 UR Designation Designation Date Slum No Blighted No Economic Development Yes 04/1999 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 11,451 0 0 0 0 0 11,451 0 11,451 Taxable 7,903 0 0 0 0 0 7,903 0 7,903 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 30,954 0 0 0 0 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 20 of 44 Urban Renewal Area Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY CITY UNIV PROJ I URBAN RENEWAL (52024)TIF Area Name: IOWA CITY AG/IOWA CITY SCH/NORTHGATE UR TIF INCRTIF Area Number: 00000 UR Area Creation Date: 10/1969 UR Area Purpose: Create a more livable, walkablecommunity, remediate blight,establish attractive design standardsfor new and rehabilitated buildings,increase office and residential spaceby promoting mixed use building,and develop multi-modaltransportation network. Tax Districts within this Urban Renewal Area BaseNo.IncrementNo. IOWA CITY/IOWA CITY SCH/CITY UNIV PROJ I UR AREA INCR 52234 52235Urban Renewal Area Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 74,183,080 159,544,890 0 0 -5,556 233,722,414 0 233,722,414 Taxable 0 36,000,950 159,544,890 0 0 -5,556 195,540,284 0 195,540,284 Homestead Credits 12 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 21 of 44 Projects For IOWA CITY CITY UNIV PROJ I URBAN RENEWAL Plaza Towers Description: High Rise residential, office, hotel, grocery Classification: Mixed use property (ie: a significant portion is residential and significant portion is commercial) Physically Complete:Yes Payments Complete:Yes Sheraton Walkway Description: Public Access improvement to ped mall Classification:Roads, Bridges & Utilities Physically Complete:YesPayments Complete:Yes 118 E College St. Description: Renovation of Vito's Building to office & retail Classification:Commercial - retailPhysically Complete:NoPayments Complete:Yes Park @ 201 Description:High rise residential, office, retail Classification: Mixed use property (ie: a significantportion is residential and significantportion is commercial)Physically Complete:NoPayments Complete:No Administrative Expenses Description:Payment to General Fund for Ad.Exp.Classification:Administrative expensesPhysically Complete:NoPayments Complete:No Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 22 of 44 Debts For IOWA CITY CITY UNIV PROJ I URBAN RENEWAL 2012 D TIF Revenue Bonds Debt Type:TIF Revenue Bonds/Notes Principal:2,700,000 Interest:1,450,000 Total:4,150,000 Annual Appropriation Debt:No Date Debt Incurred:11/13/2012 FY of Last Debt Payment:2032 Administrative Expenses Debt Type:Internal Loans Principal:4,673 Interest:0 Total:4,673Annual Appropriation Debt:NoDate Debt Incurred:06/30/2012FY of Last Debt Payment:2012 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 23 of 44 Project/Debt Link For IOWA CITY CITY UNIV PROJ I URBAN RENEWAL Projects For 2012 D TIF Revenue Bonds Park @ 201 Projects For Administrative Expenses 118 E College St. Park @ 201 Administrative Expenses Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 24 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY CITY UNIV PROJ I URBAN RENEWAL (52024)TIF Area Name: IOWA CITY/IOWA CITY SCH/CITY UNIV PROJ I UR AREA INCRTIF Area Number: 00000 TIF Taxing District Base Year:2002 FY TIF Revenue First Received:2005 Is this TIF Taxing District Subject to a Statutory end date?No UR Designation Designation Date Slum No Blighted Yes 10/1969 Economic Development Yes 11/2001 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 74,183,080 159,544,890 0 0 -5,556 233,722,414 0 233,722,414 Taxable 0 36,000,950 159,544,890 0 0 -5,556 195,540,284 0 195,540,284 Homestead Credits 12 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 127,864,760 105,863,210 0 105,863,210 3,494,720 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 25 of 44 Urban Renewal Area Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HEINZ ROAD URBAN RENEWAL (52027)TIF Area Name: IOWA CITY/IOWA CITY SCH/CITY UNIV PROJ I UR AREA INCRTIF Area Number: 00000 UR Area Creation Date: 05/2001 UR Area Purpose: To formulate a workable programusing public and private resources tofurther develop the area forindustrial development. To build taxbase; attract new firms and assistexisting firms with expansion; makesite improvements deemed necessaryfor industry. Tax Districts within this Urban Renewal Area BaseNo.IncrementNo. IOWA CITY/IOWA CITY SCH/HEINZ RD UR TIF INCR 52249 52250 IOWA CITY AG/IOWA CITY SCH/HEINZ RD UR TIF INCR 52251 52252 IOWA CITY/IOWA CITY SCH/HEINZ RD UR-ALPLA 2 TIF INCR 52321 52322Urban Renewal Area Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 13,400 0 40,085,270 23,308,420 0 0 63,407,090 0 63,407,090 Taxable 9,248 0 40,085,270 23,308,420 0 0 63,402,938 0 63,402,938 Homestead Credits 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 26 of 44 Projects For IOWA CITY HEINZ ROAD URBAN RENEWAL United Natural Foods Description:TIF rebates, 6 year, $1M max. Classification:Industrial/manufacturing property Physically Complete:Yes Payments Complete:Yes Alpla project #1 Description:TIF rebates, 5 year, $510K max Classification:Industrial/manufacturing property Physically Complete:Yes Payments Complete:Yes Alpla project #2 Description:TIF rebates, 4 year, $600K max Classification:Industrial/manufacturing property Physically Complete:Yes Payments Complete:No Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 27 of 44 Debts For IOWA CITY HEINZ ROAD URBAN RENEWAL Alpla #2 Rebates Debt Type:Rebates Principal:472,063 Interest:0 Total:472,063 Annual Appropriation Debt:No Date Debt Incurred:08/21/2007 FY of Last Debt Payment:2014 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 28 of 44 Project/Debt Link For IOWA CITY HEINZ ROAD URBAN RENEWAL Projects For Alpla #2 Rebates Alpla project #2 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 29 of 44 Rebates For IOWA CITY HEINZ ROAD URBAN RENEWAL Alpla #2 TIF Expenditure Amount:126,834 Rebate Paid To:Alpla Tied To Debt:Alpla #2 Rebates Tied To Project:Alpla project #2 Projected Final FY of Rebate:2014 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 30 of 44 Jobs For IOWA CITY HEINZ ROAD URBAN RENEWAL Project:Alpla project #2 Company Name:AlplaDate Agreement Began:08/21/2007Date Agreement Ends:06/30/2014Number of Jobs Created or Retained:205Total Annual Wages of Required Jobs:5,969,600Total Estimated Private Capital Investment:6,000,000Total Estimated Cost of Public Infrastructure:0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 31 of 44 Notes For IOWA CITY HEINZ ROAD URBAN RENEWAL Alpla #2 agreement is $600,000 maximum. FY11 rebate was $127,937, leaving max available remaining at 472,063. Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 32 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HEINZ ROAD URBAN RENEWAL (52027)TIF Area Name: IOWA CITY/IOWA CITY SCH/HEINZ RD UR TIF INCRTIF Area Number: 00000 TIF Taxing District Base Year:2003 FY TIF Revenue First Received:2007 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2025 UR Designation Designation Date Slum No Blighted No Economic Development Yes 05/2002 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 40,085,270 14,881,070 0 0 54,966,340 0 54,966,340 Taxable 0 0 40,085,270 14,881,070 0 0 54,966,340 0 54,966,340 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 34,933,220 20,033,120 0 20,033,120 661,327 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 33 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HEINZ ROAD URBAN RENEWAL (52027)TIF Area Name: IOWA CITY AG/IOWA CITY SCH/HEINZ RD UR TIF INCRTIF Area Number: 00000 TIF Taxing District Base Year:2003 FY TIF Revenue First Received:2006 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2025 UR Designation Designation Date Slum No Blighted No Economic Development Yes 05/2002 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 13,400 0 0 0 0 0 13,400 0 13,400 Taxable 9,248 0 0 0 0 0 9,248 0 9,248 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 7,358 6,042 0 6,042 138 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 34 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HEINZ ROAD URBAN RENEWAL (52027)TIF Area Name: IOWA CITY/IOWA CITY SCH/HEINZ RD UR-ALPLA 2 TIF INCRTIF Area Number: 00000 TIF Taxing District Base Year:2003 FY TIF Revenue First Received:2011 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2025 UR Designation Designation Date Slum No Blighted No Economic Development Yes 05/2002 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 8,427,350 0 0 8,427,350 0 8,427,350 Taxable 0 0 0 8,427,350 0 0 8,427,350 0 8,427,350 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 4,585,250 3,842,100 3,842,100 0 0 FY 2012 TIF Revenue Received: 126,834 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 35 of 44 Urban Renewal Area Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HIGHWAY SIX URBAN RENEWAL (52028)TIF Area Name: IOWA CITY/IOWA CITY SCH/HEINZ RD UR-ALPLA 2 TIF INCRTIF Area Number: 00000 UR Area Creation Date: 05/2003 UR Area Purpose: To formulate and execute a programusing public and private resources todevelop the area for retail, office,and other commercial uses. Torevitalize commercial activity,expand taxable values, and makepublic improvements supportingcommercial activity. Tax Districts within this Urban Renewal Area BaseNo.IncrementNo. IOWA CITY/IOWA CITY SCH/IC HWY 6 COMMERCIAL UR TIF INCR 52255 52256 IOWA CITY/IOWA CITY SCH/IC HWY 6 COMM SOUTHGATE INCREMENT 52279 52280 IOWA CITY AG/IOWA CITY SCH/HWY 6 COMM UR TIF INCR 52317 52318Urban Renewal Area Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 15,676 263,750 65,174,280 0 0 0 65,453,706 0 65,453,706 Taxable 10,819 127,998 65,174,280 0 0 0 65,313,097 0 65,313,097 Homestead Credits 1 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 36 of 44 Projects For IOWA CITY HIGHWAY SIX URBAN RENEWAL Southgate Development (Pepperwood) Description: Physical appearance, street and pedestrian improvements Classification:Commercial - retail Physically Complete:Yes Payments Complete:No Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 37 of 44 Debts For IOWA CITY HIGHWAY SIX URBAN RENEWAL Southgate Dev./Pepperwood Rebates Debt Type:Rebates Principal:257,317 Interest:0 Total:257,317 Annual Appropriation Debt:No Date Debt Incurred:08/19/2003 FY of Last Debt Payment:2013 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 38 of 44 Project/Debt Link For IOWA CITY HIGHWAY SIX URBAN RENEWAL Projects For Southgate Dev./Pepperwood Rebates Southgate Development (Pepperwood) Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 39 of 44 Rebates For IOWA CITY HIGHWAY SIX URBAN RENEWAL Southgate Dev. (Pepperwood) TIF Expenditure Amount:129,725 Rebate Paid To:Southgate Tied To Debt:Southgate Dev./Pepperwood Rebates Tied To Project: Southgate Development (Pepperwood) Projected Final FY of Rebate:2013 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 40 of 44 Notes For IOWA CITY HIGHWAY SIX URBAN RENEWAL Southgate's TIF was 7 years of rebates: $1.725 M max. The likely total of rebates will be closer to $775,000 at the end of the 7 years. We estimate the remaining FY12 + 13 rebates to total $260,000 or less. (This is due to lower than expected valuations.) Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 41 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HIGHWAY SIX URBAN RENEWAL (52028)TIF Area Name: IOWA CITY/IOWA CITY SCH/IC HWY 6 COMMERCIAL UR TIF INCRTIF Area Number: 00000 TIF Taxing District Base Year:2003 FY TIF Revenue First Received:2005 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2025 UR Designation Designation Date Slum No Blighted No Economic Development Yes 05/2003 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 263,750 52,498,690 0 0 0 52,762,440 0 52,762,440 Taxable 0 127,998 52,498,690 0 0 0 52,626,688 0 52,626,688 Homestead Credits 1 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 49,291,922 3,470,518 0 3,470,518 114,568 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 42 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HIGHWAY SIX URBAN RENEWAL (52028)TIF Area Name: IOWA CITY/IOWA CITY SCH/IC HWY 6 COMM SOUTHGATE INCREMENTTIF Area Number: 00000 TIF Taxing District Base Year:2003 FY TIF Revenue First Received:2005 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2025 UR Designation Designation Date Slum No Blighted No Economic Development Yes 05/2003 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 12,675,590 0 0 0 12,675,590 0 12,675,590 Taxable 0 0 12,675,590 0 0 0 12,675,590 0 12,675,590 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 8,745,932 3,929,658 3,929,658 0 0 FY 2012 TIF Revenue Received: 129,725 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 43 of 44 TIF Taxing District Data Collection Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HIGHWAY SIX URBAN RENEWAL (52028)TIF Area Name: IOWA CITY AG/IOWA CITY SCH/HWY 6 COMM UR TIF INCRTIF Area Number: 00000 TIF Taxing District Base Year:2003 FY TIF Revenue First Received:2005 Is this TIF Taxing District Subject to a Statutory end date?Yes Fiscal year this TIF Taxing District statutorily ends:2025 UR Designation Designation Date Slum No Blighted No Economic Development Yes 05/2003 TIF Taxing District Value by Class - 1/1/2010 for FY 2012 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 15,676 0 0 0 0 0 15,676 0 15,676 Taxable 10,819 0 0 0 0 0 10,819 0 10,819 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2012 112,626 0 0 0 0 FY 2012 TIF Revenue Received: 0 Annual Urban Renewal Report, Fiscal Year 2011 - 2012 Page 44 of 44 In d u s t r i a l P k R d N o n S y s t e m U R R e p o r t Summary Page No n - S y s t e m A n n u a l U r b a n R e n e w a l R e p o r t S u m m a r y P a g e Le v y A u t h o r i t y Ur b a n R e n e w a l A r e a N a m e Co n t a c t N a m e Co n t a c t P h o n e # # # - # # # - # # # Co n t a c t E m a i l e x a m p l e . p e r s o n @ e x a m p l e . c o m Ur b a n R e n e w a l A r e a C r e a t i o n D a t e mm / d d / y y y y Ur b a n R e n e w a l A r e a P u r p o s e De s i g n a t i o n Y/ N De s i g n a t i o n D a t e Bl i g h t N mm / d d / y y y y Sl u m N mm / d d / y y y y Ec o n o m i c D e v e l o p m e n t Y 5/ 2 1 / 2 0 0 2 mm / d d / y y y y Da t e A p p r o v e d b y G o v e r n i n g B o d y 5/ 2 1 / 2 0 0 2 Th e I n d u s t r i a l P a r k R o a d U R A w i l l s u p p o r t e x i s t i n g b u s i n e s s e s a n d s i t e s s u i t a b l e f o r re d e v e l o p m e n t . D e v e l o p m e n t s h o u l d s u p p o r t e m p l o y m e n t . I n f r a s t r u c t u r e c r e a t i o n a n d si t e i m p r o v e m e n t s f u r t h e r s u p p o r t n e w i n d u s t r i a l d e v e l o p m e n t . T a x i n c r e m e n t f i n a n c i n g ma y b e u s e d t o f u n d t h e p r i v a t e s i t e i m p r o v e m e n t s , p u b l i c i n f r a s t r u c t u r e i m p r o v e m e n t s , an d b u s i n e s s i n c e n t i v e s . Io w a C i t y In d u s t r i a l P a r k R o a d We n d y F o r d 31 9 - 3 5 6 - 5 2 4 8 we n d y - f o r d @ i o w a - c i t y . o r g 5/ 2 1 / 2 0 0 2 In d u s t r i a l P k R d N o n S y s t e m U R R e p o r t Reference Documents Re f e r e n c e D o c u m e n t s Fo r e a c h a p p l i c a b l e U r b a n R e n e w a l A r e a , p l e a s e p r e p a r e o n e P D F d o c u m e n t e a c h o f t h e p l a n , m a p a n d o r d i n a n c e (i f a p p l i c a b l e ) In c l u d e t h e s e i t e m s a s a t t a c h m e n t s a n d e m a i l t h e m t o t h e a p p l i c a b l e D O M s t a f f : T e d N e l l e s e n ( c i t i e s ) o r C a r r i e J o h n s o n ( c o u n t i e s). Pl e a s e l i s t t h e n a m e o f t h e d o c u m e n t s b e l o w , s o w e c a n e n s u r e t h e c o r r e c t p l a n , m a p a n d o r d i n a n c e ( i f a p p l i c a b l e ) c o r r e s p o n d t o the co r r e c t U r b a n R e n e w a l A r e a . Ur b a n R e n e w a l P l a n D o c u m e n t N a m e : Ur b a n R e n e w a l M a p D o c u m e n t N a m e : Ur b a n R e n e w a l O r d i n a n c e D o c u m e n t N a m e : In d u s t r i a l P a r k R d U R P l a n . p d f In d u s t r i a l P a r k R d M a p . p d f In d u s t r i a l P a r k R d O r d i n a n c e . p d f In d u s t r i a l P k R d N o n S y s t e m U R R e p o r t Projects Pr o j e c t s Th i s t a b w i l l l i s t a n y p r o j e c t s y o u h a d u n d e r t a k e n t h a t w e r e g o i n g o n i n F Y 2 0 1 2 i n t h e U r b a n R e n e w a l A r e a Pr o j e c t P r o j e c t Pr o j e c t N a m e P r o j e c t D e s c r i p t i o n P r o j e c t C a t e g o r y * * P h y s i c a l l y D o n e P a y m e n t D o n e Y/ N Y / N Th i s U R A h a s n e v e r h a d an a c t i v e p r o j e c t Lo w e r M u s c a t i n e N o n S y s t e m U R R e p o r t Summary Page No n - S y s t e m A n n u a l U r b a n R e n e w a l R e p o r t S u m m a r y P a g e Le v y A u t h o r i t y Ur b a n R e n e w a l A r e a N a m e Co n t a c t N a m e Co n t a c t P h o n e # # # - # # # - # # # Co n t a c t E m a i l e x a m p l e . p e r s o n @ e x a m p l e . c o m Ur b a n R e n e w a l A r e a C r e a t i o n D a t e mm / d d / y y y y Ur b a n R e n e w a l A r e a P u r p o s e De s i g n a t i o n Y/ N De s i g n a t i o n D a t e Bl i g h t N mm / d d / y y y y Sl u m N mm / d d / y y y y Ec o n o m i c D e v e l o p m e n t Y 5/ 2 1 / 2 0 0 2 mm / d d / y y y y Da t e A p p r o v e d b y G o v e r n i n g B o d y 5/ 2 1 / 2 0 0 2 Th e L o w e r M u s c a t i n e R o a d / H i g h w a y 6 U R A w i l l p r o m o t e i n d u s t r i a l d e v e l o p m e n t u s i n g p u b l i c an d p r i v a t e r e s o u r c e s t o g r o w t h e t a x b a s e n d p r o v i d e e m p l o y m e n t t h r o u g h a s s i s t i n g e x i s t i n g bu s i n e s s a n d e n c o u r a g i n g n e w d e v e l o p m e n t . Io w a C i t y Lo w e r M u s c a t i n e R o a d a n d H i g h w a y 6 We n d y F o r d 31 9 - 3 5 6 - 5 2 4 8 we n d y - f o r d @ i o w a - c i t y . o r g 5/ 2 1 / 2 0 0 2 Lo w e r M u s c a t i n e N o n S y s t e m U R R e p o r t Reference Documents Re f e r e n c e D o c u m e n t s Fo r e a c h a p p l i c a b l e U r b a n R e n e w a l A r e a , p l e a s e p r e p a r e o n e P D F d o c u m e n t e a c h o f t h e p l a n , m a p a n d o r d i n a n c e (i f a p p l i c a b l e ) In c l u d e t h e s e i t e m s a s a t t a c h m e n t s a n d e m a i l t h e m t o t h e a p p l i c a b l e D O M s t a f f : T e d N e l l e s e n ( c i t i e s ) o r C a r r i e J o h n s o n ( c o u n t i e s). Pl e a s e l i s t t h e n a m e o f t h e d o c u m e n t s b e l o w , s o w e c a n e n s u r e t h e c o r r e c t p l a n , m a p a n d o r d i n a n c e ( i f a p p l i c a b l e ) c o r r e s p o n d t o the co r r e c t U r b a n R e n e w a l A r e a . Ur b a n R e n e w a l P l a n D o c u m e n t N a m e : Ur b a n R e n e w a l M a p D o c u m e n t N a m e : Ur b a n R e n e w a l O r d i n a n c e D o c u m e n t N a m e : Lo w M u s c a t i n e R d U R P l a n . p d f Lo w M u s c a t i n e R d M a p . p d f Lo w M u s c a t i n e R d . p d f Lo w e r M u s c a t i n e N o n S y s t e m U R R e p o r t Projects Pr o j e c t s Th i s t a b w i l l l i s t a n y p r o j e c t s y o u h a d u n d e r t a k e n t h a t w e r e g o i n g o n i n F Y 2 0 1 2 i n t h e U r b a n R e n e w a l A r e a Pr o j e c t P r o j e c t Pr o j e c t N a m e P r o j e c t D e s c r i p t i o n P r o j e c t C a t e g o r y * * P h y s i c a l l y D o n e P a y m e n t D o n e Y/ N Y / N Th i s U R A h a s n e v e r h a d an a c t i v e p r o j e c t Mo s s R i d g e C a m p u s N o n S y s t e m U R R e p o r t Summary Page No n - S y s t e m A n n u a l U r b a n R e n e w a l R e p o r t S u m m a r y P a g e Le v y A u t h o r i t y Ur b a n R e n e w a l A r e a N a m e Co n t a c t N a m e Co n t a c t P h o n e # # # - # # # - # # # Co n t a c t E m a i l e x a m p l e . p e r s o n @ e x a m p l e . c o m Ur b a n R e n e w a l A r e a C r e a t i o n D a t e mm / d d / y y y y Ur b a n R e n e w a l A r e a P u r p o s e De s i g n a t i o n Y/ N De s i g n a t i o n D a t e Bl i g h t N mm / d d / y y y y Sl u m N mm / d d / y y y y Ec o n o m i c D e v e l o p m e n t Y 4/ 2 7 / 2 0 1 0 mm / d d / y y y y Da t e A p p r o v e d b y G o v e r n i n g B o d y 4/ 2 7 / 2 0 1 0 Th e M o s s G r e e n U R A s e r v e s t o s t i m u l a t e p r i v a t e i n v e s t m e n t i n n e w c o m m e r c i a l a n d in d u s t r i a l d e v e l o p m e n t t h r o u g h p u b l i c i n v o l v e m e n t a n d c o m m i t m e n t . T h e a r e a w i l l di v e r s i f y a n d i n c r e a s e t h e p r o p e r t y t a x b a s e t h r o u g h r e t a i n i n g a n d e x p a n d i n g c u r r e n t in d u s t r i e s , a s w e l l a s a t t r a c t i n g c o m p a t i b l e n e w i n d u s t r i e s w i t h g r o w t h p o t e n t i a l . I t w i l l in c r e a s e e m p l o y m e n t o p p o r t u n i t i e s a n d p r o v i d e s u i t a b l e a r e a s f o r i n d u s t r i a l a n d Io w a C i t y Mo s s G r e e n U r b a n V i l l a g e We n d y F o r d 31 9 - 3 5 6 - 5 2 4 8 we n d y - f o r d @ i o w a - c i t y . o r g 4/ 2 7 / 2 0 1 0 Mo s s R i d g e C a m p u s N o n S y s t e m U R R e p o r t Reference Documents Re f e r e n c e D o c u m e n t s Fo r e a c h a p p l i c a b l e U r b a n R e n e w a l A r e a , p l e a s e p r e p a r e o n e P D F d o c u m e n t e a c h o f t h e p l a n , m a p a n d o r d i n a n c e (i f a p p l i c a b l e ) In c l u d e t h e s e i t e m s a s a t t a c h m e n t s a n d e m a i l t h e m t o t h e a p p l i c a b l e D O M s t a f f : T e d N e l l e s e n ( c i t i e s ) o r C a r r i e J o h n s o n ( c o u n t i e s). Pl e a s e l i s t t h e n a m e o f t h e d o c u m e n t s b e l o w , s o w e c a n e n s u r e t h e c o r r e c t p l a n , m a p a n d o r d i n a n c e ( i f a p p l i c a b l e ) c o r r e s p o n d t o the co r r e c t U r b a n R e n e w a l A r e a . Ur b a n R e n e w a l P l a n D o c u m e n t N a m e : Ur b a n R e n e w a l M a p D o c u m e n t N a m e : Ur b a n R e n e w a l O r d i n a n c e D o c u m e n t N a m e : Mo s s G r e e n U R P l a n . p d f Mo s s G r e e n U R A m a p . p d f Mo s s G r e e n U R A O r d i n a n c e . p d f Mo s s R i d g e C a m p u s N o n S y s t e m U R R e p o r t Projects Pr o j e c t s Th i s t a b w i l l l i s t a n y p r o j e c t s y o u h a d u n d e r t a k e n t h a t w e r e g o i n g o n i n F Y 2 0 1 2 i n t h e U r b a n R e n e w a l A r e a Pr o j e c t P r o j e c t Pr o j e c t N a m e P r o j e c t D e s c r i p t i o n P r o j e c t C a t e g o r y * * P h y s i c a l l y D o n e P a y m e n t D o n e Y/ N Y / N Th i s U R A h a d n o ac t i v e p r o j e c t i n F Y 2 0 1 2 Ri v e r s i d e D r i v e N o n S y s t e m U R R e p o r t Summary Page No n - S y s t e m A n n u a l U r b a n R e n e w a l R e p o r t S u m m a r y P a g e Le v y A u t h o r i t y Ur b a n R e n e w a l A r e a N a m e Co n t a c t N a m e Co n t a c t P h o n e # # # - # # # - # # # Co n t a c t E m a i l e x a m p l e . p e r s o n @ e x a m p l e . c o m Ur b a n R e n e w a l A r e a C r e a t i o n D a t e mm / d d / y y y y Ur b a n R e n e w a l A r e a P u r p o s e De s i g n a t i o n Y/ N De s i g n a t i o n D a t e Bl i g h t Y 10 / 1 8 / 2 0 1 1 mm / d d / y y y y Sl u m Y 10 / 1 8 / 2 0 1 1 mm / d d / y y y y Ec o n o m i c D e v e l o p m e n t N mm / d d / y y y y Da t e A p p r o v e d b y G o v e r n i n g B o d y 10 / 1 8 / 2 0 1 1 Th e R i v e r s i d e D r i v e U R A s e r v e s t o r e d u c e b l i g h t e d a r e a s a n d p r o m o t e e c o n o m i c de v e l o p m e n t . T h e U R A w i l l s t i m u l a t e p r i v a t e i n v e s t m e n t i n t h e r e v i t a l i z a t i o n o f R i v e r s i d e Dr i v e . O b j e c t i v e s w i l l a s s i s t w i t h b l i g h t r e m e d i a t i o n a n d e n c o u r a g e d e v e l o p m e n t t o ex p a n d t a x a b l e p r o p e r t y v a l u e s i n t h e U R A . T h e U R A w i l l r e v e r s e t h e d e t e r i o r a t i o n o f co m m e r c i a l p r o p e r t i e s a n d e n c o u r a g e n e w d e v e l o p m e n t . T a r g e t e d b u s i n e s s e s i n c l u d e Io w a C i t y Ri v e r s i d e D r i v e We n d y F o r d 31 9 - 3 5 6 - 5 2 4 8 we n d y - f o r d @ i o w a - c i t y . o r g 10 / 1 8 / 2 0 1 1 Ri v e r s i d e D r i v e N o n S y s t e m U R R e p o r t Reference Documents Re f e r e n c e D o c u m e n t s Fo r e a c h a p p l i c a b l e U r b a n R e n e w a l A r e a , p l e a s e p r e p a r e o n e P D F d o c u m e n t e a c h o f t h e p l a n , m a p a n d o r d i n a n c e (i f a p p l i c a b l e ) In c l u d e t h e s e i t e m s a s a t t a c h m e n t s a n d e m a i l t h e m t o t h e a p p l i c a b l e D O M s t a f f : T e d N e l l e s e n ( c i t i e s ) o r C a r r i e J o h n s o n ( c o u n t i e s). Pl e a s e l i s t t h e n a m e o f t h e d o c u m e n t s b e l o w , s o w e c a n e n s u r e t h e c o r r e c t p l a n , m a p a n d o r d i n a n c e ( i f a p p l i c a b l e ) c o r r e s p o n d t o the co r r e c t U r b a n R e n e w a l A r e a . Ur b a n R e n e w a l P l a n D o c u m e n t N a m e : Ur b a n R e n e w a l M a p D o c u m e n t N a m e : Ur b a n R e n e w a l O r d i n a n c e D o c u m e n t N a m e : Ri v e r s i d e D r i v e U R P l a n . p d f Ri v e r s i d e D r i v e M a p . p d f Ri v e r s i d e D r i v e O r d i n a n c e . p d f Ri v e r s i d e D r i v e N o n S y s t e m U R R e p o r t Projects Pr o j e c t s Th i s t a b w i l l l i s t a n y p r o j e c t s y o u h a d u n d e r t a k e n t h a t w e r e g o i n g o n i n F Y 2 0 1 2 i n t h e U r b a n R e n e w a l A r e a Pr o j e c t P r o j e c t Pr o j e c t N a m e P r o j e c t D e s c r i p t i o n P r o j e c t C a t e g o r y * * P h y s i c a l l y D o n e P a y m e n t D o n e Y/ N Y / N Th i s U R A h a d n o ac t i v e p r o j e c t i n F Y 2 0 1 2 Towncrest NonSystem UR Report Summary Page No n - S y s t e m A n n u a l U r b a n R e n e w a l R e p o r t S u m m a r y P a g e Le v y A u t h o r i t y Ur b a n R e n e w a l A r e a N a m e Co n t a c t N a m e Co n t a c t P h o n e Co n t a c t E m a i l Ur b a n R e n e w a l A r e a C r e a t i o n D a t e mm / d d / y y y y Ur b a n R e n e w a l A r e a P u r p o s e De s i g n a t i o n Y/ N De s i g n a t i o n D a t e Bl i g h t Y 12 / 7 / 2 0 1 0 mm / d d / y y y y Sl u m Y 12 / 7 / 2 0 1 0 mm / d d / y y y y Ec o n o m i c D e v e l o p m e n t N mm / d d / y y y y Da t e A p p r o v e d b y G o v e r n i n g B o d y 12 / 7 / 2 0 1 0 Io w a C i t y To w n c r e s t We n d y F o r d 31 9 - 3 5 6 - 5 2 4 8 we n d y - f o r d @ i o w a - c i t y . o r g 12 / 7 / 2 0 1 0 Th e T o w n c r e s t U R A s e r v e s t o p r o m o t e e c o n o m i c d e v e l o p m e n t b y r e d u c i n g s l u m a n d b l i g h t e d ar e a s . A m a i n g o a l i s t o s t i m u l a t e p r i v a t e i n v e s t m e n t i n t h e T o w n c r e s t a r e a f o r t h e r e v i t a l i z a t i o n o f co m m e r c i a l a n d r e s i d e n t i a l u s e s . S p e c i f i c o b j e c t i v e s h e l p a c h i e v e t h e p u r p o s e . T h e T o w n c r e s t U R A wi l l e n c o u r a g e d e v e l o p m e n t t o e x p a n d t a x a b l e p r o p e r t y v a l u e s . T h e a r e a w i l l r e v e r s e d e t e r i o r a t i o n of p r o p e r t y a n d e n c o u r a g e r e v i t a l i z a t i o n o f c o m m e r c i a l a n d r e s i d e n t i a l a c t i v i t y . P u b l i c im p r o v e m e n t s w i l l s u p p o r t e c o n o m i c a c t i v i t y a n d p r o v i d e p h y s i c a l a n d e c o n o m i c g r o w t h i n I o w a Ci t y . F i n a n c i a l i n c e n t i v e s , s u c h a s t a x i n c r e m e n t f i n a n c i n g , w i l l a l s o a s s i s t q u a l i f y i n g p r o j e c t s a n d bu s i n e s s e s i n t h e U R A . To w n c r e s t N o n S y s t e m U R R e p o r t Reference Documents Re f e r e n c e D o c u m e n t s Fo r e a c h a p p l i c a b l e U r b a n R e n e w a l A r e a , p l e a s e p r e p a r e o n e P D F d o c u m e n t e a c h o f t h e p l a n , m a p a n d o r d i n a n c e (i f a p p l i c a b l e ) In c l u d e t h e s e i t e m s a s a t t a c h m e n t s a n d e m a i l t h e m t o t h e a p p l i c a b l e D O M s t a f f : T e d N e l l e s e n ( c i t i e s ) o r C a r r i e J o h n s o n ( c o u n t i e s). Pl e a s e l i s t t h e n a m e o f t h e d o c u m e n t s b e l o w , s o w e c a n e n s u r e t h e c o r r e c t p l a n , m a p a n d o r d i n a n c e ( i f a p p l i c a b l e ) c o r r e s p o n d t o the co r r e c t U r b a n R e n e w a l A r e a . Ur b a n R e n e w a l P l a n D o c u m e n t N a m e : Ur b a n R e n e w a l M a p D o c u m e n t N a m e : Ur b a n R e n e w a l O r d i n a n c e D o c u m e n t N a m e : To w n c r e s t U R P l a n . p d f To w n c r e s t U R A m a p . p d f To w n c r e s t U R A O r d i n a n c e . p d f To w n c r e s t N o n S y s t e m U R R e p o r t Projects Pr o j e c t s Th i s t a b w i l l l i s t a n y p r o j e c t s y o u h a d u n d e r t a k e n t h a t w e r e g o i n g o n i n F Y 2 0 1 2 i n t h e U r b a n R e n e w a l A r e a Pr o j e c t P r o j e c t Pr o j e c t N a m e P r o j e c t D e s c r i p t i o n P r o j e c t C a t e g o r y * * P h y s i c a l l y D o n e P a y m e n t D o n e Y/ N Y / N MD K M e d i c a l O f f i c e B l d g C o m m e r c i a l - m e d i c a l N N Co r n e r L o t A c q u i s i t i o n A c q u i s i t i o n o f P r o p e r t y N Y To w n c r e s t U r b a n R e n e w a l A r e a c a t a l y s t pr o j e c t . M e d i c a l o f f i c e b u i l d i n g . Pu r c h a s e o f h i g h v a l u e c o r n e r re d e v e l o p m e n t s i t e t h a t h a d b e e n i d l e fo r d e c a d e s ( f o r m e r K e r r M c G e e s i t e ) To w n c r e s t N o n S y s t e m U R R e p o r t Debt De b t On t h e D e b t p a g e , y o u r e p o r t a n y d e b t t h a t h a d b e n i n c u r r e d a n d i s o u t s t a n d i n g d u r i n g F Y 2 0 1 2 t h a t i s e l i g i b l e t o b e r e p a i d f r o m TI F S p e c i a l R e v e n u e F u n d s An n u a l F Y L a s t De b t t o b e R e p a i d w i t h D e b t T y p e * * P r i n c i p a l I n t e r e s t T o t a l A p p r o p ? D a t e D e b t D e b t TI F R e v F Y 2 0 1 2 a n d B e y o n d Y/ N I n c u r r e d P a y m e n t 62 5 , 0 0 0 $ 2 0 , 3 1 3 $ 6 4 5 , 3 1 3 $ N 6 / 1 9 / 2 0 1 2 2 0 3 2 93 , 3 7 0 $ - $ 9 3 , 3 7 0 $ N 4 / 1 7 / 2 0 1 2 2 0 1 4 To t a l s 7 1 8 , 3 7 0 $ 2 0 , 3 1 3 $ 7 3 8 , 6 8 3 $ *I n c l u d e s d e b t t h a t h a s n o t y e t b e e n c e r t i f i e d t o t h e c o u n t y a u d i t o r a s T I F d e b t , b u t i s e l i g i b l e f o r r e p a y m e n t . *P r i n c i p a l a n d I n t e r e s t t o T e r m *A l l i n s t a l l m e n t s o f A n n u a l A p p r o p r i a t i o n d e b t , w i t h t h e a s s u m p t i o n t h a t a l l a n n u a l a p p r o p r a t i o n s w i l l b e a p p r o v e d . *T h e a c t u a l o r p r o j e c t e d t o t a l a m o u n t o f r e b a t e p a y m e n t s r e m a i n i n g . ** D e b t T y p e -P l e a s e i n d i c a t e w h i c h o f t h e f o l l o w i n g t y p e s o f d e b t h a s b e e n i n c u r r e d : Ge n e r a l O b l i g a t i o n B o n d s / N o t e s , T I F R e v e n u e B o n d s / N o t e s , I n t e r n a l L o a n , R e b a t e , O t h e r D e b t Ot h e r MD K M e d O f f i c e B l d g Co r n e r L o t A c q u i s i t i o n G O B o n d s To w n c r e s t N o n S y s t e m U R R e p o r t Project-Debt Link Pr o j e c t - D e b t L i n k If y o u r e p o r t e d b o t h p r o j e c t s a n d d e b t , i n d i c a t e d b e l o w w h i c h p r o j e c t s a r e l i n k e d t o w h i c h d e b t . De b t N a m e P r o j e c t N a m e De b t N a m e P r o j e c t N a m e Ot h e r M D K M e d i c a l O f f i c e B u i l d i n g GO B o n d s C o r n e r L o t A c q u i s i t i o n