HomeMy WebLinkAboutFY2015 Urban Area Renewal 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 2
IOWA CITY SCOTT SIX URBAN RENEWAL 52021 2
IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL 52023 4
IOWA CITY CITY UNIV PROJ I URBAN RENEWAL 52024 5
IOWA CITY HEINZ ROAD URBAN RENEWAL 52027 3
IOWA CITY HIGHWAY SIX URBAN RENEWAL 52028 3
IOWA CITY MOSS GREEN URBAN VILLAGE URBAN RENEWAL 52029 1
IOWA CITY TOWNCREST URBAN RENEWAL 52030 1
IOWA CITY RIVERSIDE DRIVE URBAN RENEWAL 52031 1
TIF Debt Outstanding: 26,136,244
TIF Sp. Rev. Fund Cash Balanceas of 07-01-2014: 18,562 0 Amount of 07-01-2014 Cash BalanceRestricted for LMI
TIF Revenue: 640,511TIF Sp. Revenue Fund Interest: 0Property Tax Replacement Claims 0Asset Sales & Loan Repayments: 0Total Revenue: 640,511
Rebate Expenditures: 0Non-Rebate Expenditures: 640,403Returned to County Treasurer: 18,670Total Expenditures: 659,073
TIF Sp. Rev. Fund Cash Balanceas of 06-30-2015: 0 0 Amount of 06-30-2015 Cash BalanceRestricted for LMI
Year-End Outstanding TIF
Obligations, Net of TIF Special
Revenue Fund Balance: 25,495,841
Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 1 of 51
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 Base
No.
Increment
No.
IncrementValueUsed
IOWA CITY/IOWA CITY SCH/SYCAMORE MALL & FIRST AVE U.R. TIF INCREMENT 52195 52196 2,134,863
IOWA CITY/IOWA CITY SCH/SYCAMORE & 1ST AVE UR 2003 AMEND INCR 52239 52240 476,402
Urban Renewal Area Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 2,870,270 34,071,960 8,504,600 0 -3,704 45,443,126 0 45,443,126
Taxable 0 1,561,429 32,368,391 8,079,371 0 -3,704 42,005,487 0 42,005,487
Homestead Credits 9
TIF Sp. Rev. Fund Cash Balanceas of 07-01-2014: 0 0 Amount of 07-01-2014 Cash BalanceRestricted for LMI
TIF Revenue: 77,521
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0Asset Sales & Loan Repayments: 0Total Revenue: 77,521
Rebate Expenditures: 0
Non-Rebate Expenditures: 77,521
Returned to County Treasurer: 0Total Expenditures: 77,521
TIF Sp. Rev. Fund Cash Balanceas of 06-30-2015: 0 0 Amount of 06-30-2015 Cash BalanceRestricted for LMI
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 2 of 51
Projects For IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN
RENEWAL
Lower Muscatine Road Reconstruction
Description:Improve roads around Kirkwood Comm College & Mall
Classification:Roads, Bridges & UtilitiesPhysically Complete:NoPayments Complete:No
Iowa City Marketplace
Description:Economic develpment agreement
Classification:Commercial - retailPhysically Complete:NoPayments Complete:No
Administrative Expenses
Description:Administrative Expenses
Classification:Administrative expensesPhysically Complete:NoPayments Complete:No
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 3 of 51
Debts/Obligations For IOWA CITY SYCAMORE MALL & FIRST AVENUE
URBAN RENEWAL
2012A GO Bonds (Low. Mus. Rd Recon.)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:540,000Interest:62,390Total:602,390Annual Appropriation?:NoDate Incurred:06/05/2012FY of Last Payment:2022
2013A GO Bonds (Low. Mus. Rd Recon.)
Debt/Obligation Type:Gen. Obligation Bonds/NotesPrincipal:375,000Interest:33,759Total:408,759Annual Appropriation?:NoDate Incurred:06/18/2013FY of Last Payment:2023
Economic Development Grant
Debt/Obligation Type:Other DebtPrincipal:1,750,000Interest:0Total:1,750,000Annual Appropriation?:NoDate Incurred:11/18/2014FY of Last Payment:2024
FY15 Adminstrative Expenses
Debt/Obligation Type:Internal LoansPrincipal:5,874Interest:0Total:5,874
Annual Appropriation?:No
Date Incurred:11/10/2015
FY of Last Payment:2017
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 4 of 51
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Non-Rebates For IOWA CITY SYCAMORE MALL & FIRST AVENUE
URBAN RENEWAL
TIF Expenditure Amount:61,1042012A GO Bonds (Low. Mus. RdRecon.)Lower Muscatine RoadReconstruction
TIF Expenditure Amount:16,4172013A GO Bonds (Low. Mus. Rd
Recon.)
Lower Muscatine Road
Reconstruction
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 5 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL (52020)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/SYCAMORE MALL & FIRST AVE U.R. TIFINCREMENTTIF Taxing District Inc. Number: 52196
TIF Taxing District Base Year: 0
FY TIF Revenue First Received: 2004
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2022
UR DesignationSlumNo
Blighted No
Economic Development 08/2000
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 33,574,690 0 0 0 33,574,690 0 33,574,690
Taxable 0 0 31,895,982 0 0 0 31,895,982 0 31,895,982
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 22,927,940 10,646,750 2,134,863 8,511,887 253,527
FY 2015 TIF Revenue Received: 63,199
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)
Urban Renewal Area: IOWA CITY SYCAMORE MALL & FIRST AVENUE URBAN RENEWAL (52020)
TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/SYCAMORE & 1ST AVE UR 2003 AMEND INCR
TIF Taxing District Inc. Number: 52240
TIF Taxing District Base Year: 0
FY TIF Revenue First Received: 2004
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2022
UR Designation
Slum No
Blighted No
Economic Development 08/2000
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 2,870,270 497,270 8,504,600 0 -3,704 11,868,436 0 11,868,436
Taxable 0 1,561,429 472,409 8,079,371 0 -3,704 10,109,505 0 10,109,505
Homestead Credits 9
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 9,496,280 2,375,860 476,402 1,899,458 56,575
FY 2015 TIF Revenue Received: 14,322
Created: Mon Oct 26 14:06:25 CDT 2015
Page 6 of 51
Urban Renewal Area Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SCOTT SIX URBAN RENEWALUR Area Number: 52021
UR Area Creation Date: 07/1997
UR Area Purpose:
To grow tax base; encouragedevelopment of start up firms,expansion of existing andattraction of new industries,especially in the are of renewableenergy. Enhance number of sitesavailable for industrialdevelopment.
Tax Districts within this Urban Renewal Area BaseNo.IncrementNo.
IncrementValue
Used
IOWA CITY/IOWA CITY SCH/SCOTT SIX UR TIF INCREMENT 52208 52209 0
IOWA CITY AG/IOWA CITY SCH/SCOTT SIX UR TIF INCREMENT 52210 52211 0
Urban Renewal Area Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 53,260 0 36,169,580 5,965,310 0 0 42,188,150 0 42,188,150
Taxable 23,115 0 34,361,125 5,667,045 0 0 40,051,285 0 40,051,285
Homestead Credits 0
TIF Sp. Rev. Fund Cash Balanceas of 07-01-2014: 5,078 0 Amount of 07-01-2014 Cash BalanceRestricted for LMI
TIF Revenue: 0TIF Sp. Revenue Fund Interest: 0Property Tax Replacement Claims 0Asset Sales & Loan Repayments: 0Total Revenue: 0
Rebate Expenditures: 0
Non-Rebate Expenditures: 0
Returned to County Treasurer: 5,078
Total Expenditures: 5,078
TIF Sp. Rev. Fund Cash Balanceas of 06-30-2015: 0 0 Amount of 06-30-2015 Cash BalanceRestricted for LMI
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 7 of 51
Projects For IOWA CITY SCOTT SIX URBAN RENEWAL
Construct rail sidings and spur
Description:Provide rail access to development sites in the URA
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Construct rail crossings
Description:Provide rail crossings within industrial park
Classification:Roads, Bridges & Utilities
Physically Complete:Yes
Payments Complete:No
Administrative Expenses
Description:Administrative expenses
Classification:Administrative expenses
Physically Complete:No
Payments Complete:No
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 8 of 51
Debts/Obligations For IOWA CITY SCOTT SIX URBAN RENEWAL
Rail Sidings & Spur. (Peterson Contractors)
Debt/Obligation Type:Internal Loans
Principal:1,373,423
Interest:0
Total:1,373,423
Annual Appropriation?:No
Date Incurred:05/01/2012
FY of Last Payment:2020
Rail Crossings (Iowa Interstate Railroad)
Debt/Obligation Type:Internal Loans
Principal:309,929
Interest:0
Total:309,929Annual Appropriation?:NoDate Incurred:09/06/2011FY of Last Payment:2020
FY15 Adminstrative Expenses
Debt/Obligation Type:Internal LoansPrincipal:79Interest:0Total:79Annual Appropriation?:NoDate Incurred:11/10/2015FY of Last Payment:2017
FY14 Adminstrative Expenses
Debt/Obligation Type:Internal LoansPrincipal:4,386Interest:0Total:4,386Annual Appropriation?:NoDate Incurred:11/18/2014FY of Last Payment:2016
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 9 of 51
256 Characters Left
Sum of Private Investment Made Within This Urban Renewal Area
during FY 2015
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 10 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY SCOTT SIX URBAN RENEWAL (52021)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/SCOTT SIX UR TIF INCREMENTTIF Taxing District Inc. Number: 52209
TIF Taxing District Base Year: 2001
FY TIF Revenue First Received: 2005
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2023
UR DesignationSlumNo
Blighted No
Economic Development 07/1997
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 36,169,580 5,965,310 0 0 42,134,890 0 42,134,890
Taxable 0 0 34,361,125 5,667,045 0 0 40,028,170 0 40,028,170
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 2,318,512 39,816,378 0 39,816,378 1,185,932
FY 2015 TIF Revenue Received: 0
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)
Urban Renewal Area: IOWA CITY SCOTT SIX URBAN RENEWAL (52021)
TIF Taxing District Name: IOWA CITY AG/IOWA CITY SCH/SCOTT SIX UR TIF INCREMENT
TIF Taxing District Inc. Number: 52211
TIF Taxing District Base Year: 2001
FY TIF Revenue First Received: 2005
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2023
UR Designation
Slum No
Blighted No
Economic Development 07/1997
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 53,260 0 0 0 0 0 53,260 0 53,260
Taxable 23,115 0 0 0 0 0 23,115 0 23,115
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 23,504 23,115 0 23,115 467
FY 2015 TIF Revenue Received: 0
Created: Mon Oct 26 14:06:25 CDT 2015
Page 11 of 51
Urban Renewal Area Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY NORTHGATE CORP PARK URBAN RENEWALUR Area Number: 52023
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 taxbase; attract new and expansion ofexisting firms in area; provide newdevelopment sites.
Tax Districts within this Urban Renewal Area BaseNo.IncrementNo.
IncrementValue
Used
IOWA CITY/IOWA CITY SCH/NORTHGATE CORP PARK UR INCR 52230 52231 0
IOWA CITY AG/IOWA CITY SCH/NORTHGATE UR TIF INCR 52325 52326 0
IOWA CITY/IOWA CITY SCH/NORTHGATE CORP PK 2005 AMEND INCR 52345 52346 0
IOWA CITY AG/IOWA CITY SCH/NORTHGATE CORP PK 2005 AMEND INCR 52347 52348 0
Urban Renewal Area Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 83,130 242,790 34,077,760 0 0 0 34,403,680 0 34,403,680
Taxable 36,079 132,078 32,373,876 0 0 0 32,542,033 0 32,542,033
Homestead Credits 0
TIF Sp. Rev. Fund Cash Balance
as of 07-01-2014: 0 0
Amount of 07-01-2014 Cash Balance
Restricted for LMI
TIF Revenue: 0TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0
Asset Sales & Loan Repayments: 0Total Revenue: 0
Rebate Expenditures: 0Non-Rebate Expenditures: 0Returned to County Treasurer: 0Total Expenditures: 0
TIF Sp. Rev. Fund Cash Balanceas of 06-30-2015: 0 0 Amount of 06-30-2015 Cash BalanceRestricted for LMI
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 12 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL (52023)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/NORTHGATE CORP PARK UR INCRTIF Taxing District Inc. Number: 52231
TIF Taxing District Base Year: 2002
FY TIF Revenue First Received: 2005
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2023
UR DesignationSlumNo
Blighted No
Economic Development 04/1999
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 34,077,760 0 0 0 34,077,760 0 34,077,760
Taxable 0 0 32,373,876 0 0 0 32,373,876 0 32,373,876
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 6,728,364 27,349,396 0 27,349,396 814,603
FY 2015 TIF Revenue Received: 0
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)
Urban Renewal Area: IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL (52023)
TIF Taxing District Name: IOWA CITY AG/IOWA CITY SCH/NORTHGATE UR TIF INCR
TIF Taxing District Inc. Number: 52326
TIF Taxing District Base Year: 2002
FY TIF Revenue First Received: 2005
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2023
UR Designation
Slum No
Blighted No
Economic Development 04/1999
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 7,900 0 0 0 0 0 7,900 0 7,900
Taxable 3,429 0 0 0 0 0 3,429 0 3,429
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 14,807 0 0 0 0
FY 2015 TIF Revenue Received: 0
Created: Mon Oct 26 14:06:25 CDT 2015
Page 13 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL (52023)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/NORTHGATE CORP PK 2005 AMEND INCRTIF Taxing District Inc. Number: 52346
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 242,790 0 0 0 0 242,790 0 242,790
Taxable 0 132,078 0 0 0 0 132,078 0 132,078
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 213,180 29,610 0 29,610 882
FY 2015 TIF Revenue Received: 0
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY NORTHGATE CORP PARK URBAN RENEWAL (52023)TIF Taxing District Name: IOWA CITY AG/IOWA CITY SCH/NORTHGATE CORP PK 2005 AMEND INCRTIF Taxing District Inc. Number: 52348
TIF Taxing District Base Year: 2004
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 75,230 0 0 0 0 0 75,230 0 75,230
Taxable 32,650 0 0 0 0 0 32,650 0 32,650
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 30,908 32,650 0 32,650 660
FY 2015 TIF Revenue Received: 0
Created: Mon Oct 26 14:06:25 CDT 2015
Page 14 of 51
Urban Renewal Area Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY CITY UNIV PROJ I URBAN RENEWALUR Area Number: 52024
UR Area Creation Date: 10/1969
UR Area Purpose:
Create a more livable, walkablecommunity, remediate blight,establish attractive designstandards for new and rehabilitatedbuildings, increase office andresidential space by promotingmixed use building, and developmulti-modal transportationnetwork.
Tax Districts within this Urban Renewal Area BaseNo.IncrementNo.
IncrementValue
Used
IOWA CITY/IOWA CITY SCH/CITY UNIV PROJ I UR AREA INCR 52234 52235 5,696,091
IOWA CITY/IOWA CITY SCH/CITY UNIV UR INCR- IC DOWNTOWN SSMID 52352 52353 3,208,474
IOWA CITY/IOWA CITY SCH/CITY UNIV TIF AMEND INCR 52354 52355 4,261,161
IOWA CITY/IOWA CITY SCH/CITY UNIV TIF AMD-SSMID INCR 52356 52357 2,229,119
IOWA CITY/IOWA CITY SCH/CITY UNIV TIF AMD 10 INCR 52366 52367 1,082,841
Urban Renewal Area Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 116,492,640 269,961,110 0 0 -11,112 386,442,638 0 386,442,638
Taxable 0 63,372,259 256,463,242 0 0 -11,112 319,824,389 0 319,824,389
Homestead Credits 28TIF Sp. Rev. Fund Cash Balanceas of 07-01-2014: 0 0 Amount of 07-01-2014 Cash BalanceRestricted for LMI
TIF Revenue: 502,339TIF Sp. Revenue Fund Interest: 0Property Tax Replacement Claims 0Asset Sales & Loan Repayments: 0Total Revenue: 502,339
Rebate Expenditures: 0Non-Rebate Expenditures: 502,339Returned to County Treasurer: 0Total Expenditures: 502,339
TIF Sp. Rev. Fund Cash Balance
as of 06-30-2015: 0 0
Amount of 06-30-2015 Cash Balance
Restricted for LMI
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 15 of 51
Projects For IOWA CITY CITY UNIV PROJ I URBAN RENEWAL
Park @ 201
Description:High rise residential, office, retail
Classification:
Mixed use property (ie: a significant portion is residential
and significant portion is commercial)
Physically Complete:Yes
Payments Complete:No
Hieronymous Square
Description:Hieronymous Square; future development
Classification:
Mixed use property (ie: a significant portion is residential
and significant portion is commercial)
Physically Complete:No
Payments Complete:No
The Chauncey
Description:Infill project at SE corner of College & Gilberts Streets
Classification:
Mixed use property (ie: a significant portion is residential
and significant portion is commercial)
Physically Complete:No
Payments Complete:No
Riverside/Hwy 6
Description:
Redevelopment of Old Public Works site; future
development
Classification:Commercial - retail
Physically Complete:NoPayments Complete:No
CBD streetscape renovation
Description:improvements to downtown business district
Classification:
Recreational facilities (lake development, parks, ball fields,
trails)Physically Complete:NoPayments Complete:No
Central Business District Projects
Description:Improvements to central business district
Classification:Mixed use property (ie: a significant portion is residentialand significant portion is commercial)Physically Complete:NoPayments Complete:No
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 16 of 51
Harrison Street Condos
Description:
Condo project lining new parking includes 3 units
affordable
Classification:Residential property (classified residential)Physically Complete:NoPayments Complete:No
Hilton Garden Inn
Description:High rise hotel on Clinton St.
Classification:Commercial - hotels and conference centersPhysically Complete:NoPayments Complete:No
Administration Expense
Description:Administration Expense
Classification:Administrative expensesPhysically Complete:NoPayments Complete:No
Created: Mon Oct 26 14:06:25 CDT 2015
Page 17 of 51
Debts/Obligations For IOWA CITY CITY UNIV PROJ I URBAN RENEWAL
2012D TIF Revenue Bonds
Debt/Obligation Type:TIF Revenue Bonds/Notes
Principal:2,328,283
Interest:578,507
Total:2,906,790
Annual Appropriation?:No
Date Incurred:11/13/2012
FY of Last Payment:2032
2013A GO Bonds (CBD)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:350,000
Interest:31,509
Total:381,509Annual Appropriation?:NoDate Incurred:06/18/2013FY of Last Payment:2023
2011B GO Bonds (Riverfront Crossings)
Debt/Obligation Type:Gen. Obligation Bonds/NotesPrincipal:74,053Interest:1,582Total:75,635Annual Appropriation?:NoDate Incurred:05/03/2011FY of Last Payment:2015
2012B GO Bonds (Riverfront Crossings)
Debt/Obligation Type:Gen. Obligation Bonds/NotesPrincipal:200,000Interest:1,642Total:201,642Annual Appropriation?:NoDate Incurred:06/05/2012FY of Last Payment:2015
2014A GO Bonds (CBD)
Debt/Obligation Type:Gen. Obligation Bonds/NotesPrincipal:1,000,000Interest:143,352Total:1,143,352Annual Appropriation?:NoDate Incurred:05/06/2014FY of Last Payment:2024
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 18 of 51
2015A GO Bonds (CBD)
Debt/Obligation Type:Gen. Obligation Bonds/NotesPrincipal:350,000Interest:40,432Total:390,432
Annual Appropriation?:No
Date Incurred:05/05/2015
FY of Last Payment:2025
2015A GO Bonds (Riverfront Crossing)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:200,000
Interest:23,104
Total:223,104
Annual Appropriation?:No
Date Incurred:05/05/2015
FY of Last Payment:2025
Iowa City Hotel Associates
Debt/Obligation Type:Rebates
Principal:8,800,000
Interest:0
Total:8,800,000
Annual Appropriation?:NoDate Incurred:03/23/2015FY of Last Payment:2040
Administrative Expenses FY15
Debt/Obligation Type:Internal Loans
Principal:12,500Interest:0Total:12,500Annual Appropriation?:NoDate Incurred:11/10/2015FY of Last Payment:2017
A&M Development II, LLC
Debt/Obligation Type:RebatesPrincipal:976,277Interest:0Total:976,277Annual Appropriation?:NoDate Incurred:01/20/2015FY of Last Payment:2032
Administrative Expenses FY14
Debt/Obligation Type:Internal Loans
Created: Mon Oct 26 14:06:25 CDT 2015
Page 19 of 51
Principal:2,767Interest:0Total:2,767Annual Appropriation?:NoDate Incurred:11/18/2014FY of Last Payment:2016
Created: Mon Oct 26 14:06:25 CDT 2015
Page 20 of 51
Tied To Debt:Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:
Tied To Project:
Tied To Debt:Tied To Project:
Non-Rebates For IOWA CITY CITY UNIV PROJ I URBAN RENEWAL
TIF Expenditure Amount:75,335
2012D TIF Revenue BondsPark @ 201
TIF Expenditure Amount:75,6352011B GO Bonds (RiverfrontCrossings)Riverside/Hwy 6
TIF Expenditure Amount:201,6422012B GO Bonds (RiverfrontCrossings)Riverside/Hwy 6
TIF Expenditure Amount:43,827
2013A GO Bonds (CBD)
CBD streetscape renovation
TIF Expenditure Amount:682
Administrative Expenses FY14
Administration Expense
TIF Expenditure Amount:105,2182014A GO Bonds (CBD)CBD streetscape renovation
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 21 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY CITY UNIV PROJ I URBAN RENEWAL (52024)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/CITY UNIV PROJ I UR AREA INCRTIF Taxing District Inc. Number: 52235
TIF Taxing District Base Year: 0
FY TIF Revenue First Received: 2005
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted 10/1969
Economic Development 11/2001
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 44,410,880 23,866,570 0 0 -5,556 68,271,894 0 68,271,894
Taxable 0 24,159,623 22,673,252 0 0 -5,556 46,827,319 0 46,827,319
Homestead Credits 13
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 20,432,178 46,827,319 5,696,091 41,131,228 1,225,095
FY 2015 TIF Revenue Received: 171,228
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY CITY UNIV PROJ I URBAN RENEWAL (52024)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/CITY UNIV UR INCR- IC DOWNTOWN SSMIDTIF Taxing District Inc. Number: 52353
TIF Taxing District Base Year: 0
FY TIF Revenue First Received: 2014
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 76,424,240 0 0 0 76,424,240 0 76,424,240
Taxable 0 0 72,603,086 0 0 0 72,603,086 0 72,603,086
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 50,047,502 26,376,738 3,208,474 23,168,264 736,404
FY 2015 TIF Revenue Received: 101,801
Created: Mon Oct 26 14:06:25 CDT 2015
Page 22 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY CITY UNIV PROJ I URBAN RENEWAL (52024)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/CITY UNIV TIF AMEND INCRTIF Taxing District Inc. Number: 52355
TIF Taxing District Base Year: 0
FY TIF Revenue First Received: 2014
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 43,417,130 12,012,410 0 0 0 55,429,540 0 55,429,540
Taxable 0 23,619,028 11,411,809 0 0 0 35,030,837 0 35,030,837
Homestead Credits 2
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 15,361,532 35,030,837 4,261,161 30,769,676 916,476
FY 2015 TIF Revenue Received: 127,300
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY CITY UNIV PROJ I URBAN RENEWAL (52024)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/CITY UNIV TIF AMD-SSMID INCRTIF Taxing District Inc. Number: 52357
TIF Taxing District Base Year: 0
FY TIF Revenue First Received: 2014
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 60,349,050 0 0 0 60,349,050 0 60,349,050
Taxable 0 0 57,331,630 0 0 0 57,331,630 0 57,331,630
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 42,023,548 18,325,502 2,229,119 16,096,383 511,624
FY 2015 TIF Revenue Received: 70,015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 23 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY CITY UNIV PROJ I URBAN RENEWAL (52024)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/CITY UNIV TIF AMD 10 INCRTIF Taxing District Inc. Number: 52367
TIF Taxing District Base Year: 0
FY TIF Revenue First Received: 2014
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 28,664,630 97,308,840 0 0 -5,556 125,967,914 0 125,967,914
Taxable 0 15,593,608 92,443,465 0 0 -5,556 108,031,517 0 108,031,517
Homestead Credits 13
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 117,071,480 8,901,990 1,082,841 7,819,149 232,894
FY 2015 TIF Revenue Received: 31,995
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 24 of 51
Urban Renewal Area Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HEINZ ROAD URBAN RENEWALUR Area Number: 52027
UR Area Creation Date: 05/2001
UR Area Purpose:
To formulate a workable programusing public and private resourcesto further develop the area forindustrial development. To buildtax base; attract new firms andassist existing firms withexpansion; make siteimprovements deemed necessaryfor industry.
Tax Districts within this Urban Renewal Area BaseNo.IncrementNo.
IncrementValue
Used
IOWA CITY/IOWA CITY SCH/HEINZ RD UR TIF INCR 52249 52250 0
IOWA CITY AG/IOWA CITY SCH/HEINZ RD UR TIF INCR 52251 52252 0
IOWA CITY/IOWA CITY SCH/HEINZ RD UR-ALPLA 2 TIF INCR 52321 52322 0
Urban Renewal Area Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 28,190 0 40,168,810 24,326,250 0 0 64,523,250 0 64,523,250
Taxable 12,234 0 38,160,372 23,109,939 0 0 61,282,545 0 61,282,545
Homestead Credits 0
TIF Sp. Rev. Fund Cash Balanceas of 07-01-2014: 13,592 0 Amount of 07-01-2014 Cash BalanceRestricted for LMI
TIF Revenue: 0
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0
Asset Sales & Loan Repayments: 0Total Revenue: 0
Rebate Expenditures: 0
Non-Rebate Expenditures: 0
Returned to County Treasurer: 13,592Total Expenditures: 13,592
TIF Sp. Rev. Fund Cash Balanceas of 06-30-2015: 0 0 Amount of 06-30-2015 Cash BalanceRestricted for LMI
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 25 of 51
Projects For IOWA CITY HEINZ ROAD URBAN RENEWAL
Alpla Project #3
Description:TIF rebates, 4 year, $170K max
Classification:Industrial/manufacturing property
Physically Complete:Yes
Payments Complete:No
Administrative Expenses
Description:Administrative Expenses
Classification:Administrative expenses
Physically Complete:No
Payments Complete:No
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 26 of 51
Debts/Obligations For IOWA CITY HEINZ ROAD URBAN RENEWAL
Apla #3 Rebates
Debt/Obligation Type:Rebates
Principal:170,000
Interest:0
Total:170,000
Annual Appropriation?:No
Date Incurred:01/21/2014
FY of Last Payment:2018
FY14 Adminstrative Expenses
Debt/Obligation Type:Internal Loans
Principal:323
Interest:0
Total:323Annual Appropriation?:NoDate Incurred:11/18/2014FY of Last Payment:2016
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 27 of 51
Rebate Paid To:
Projected Final FY of Rebate:
Rebates For IOWA CITY HEINZ ROAD URBAN RENEWAL
ALPLA
TIF Expenditure Amount:0
ALPLA
2014
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 28 of 51
Jobs For IOWA CITY HEINZ ROAD URBAN RENEWAL
Project:Alpla Project #3
Company Name:AlplaDate Agreement Began:06/01/2016Date Agreement Ends:06/01/2019Number of Jobs Created or Retained:262Total Annual Wages of Required Jobs:9,585,326Total Estimated Private Capital Investment:12,200,000Total Estimated Cost of Public Infrastructure:0
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 29 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HEINZ ROAD URBAN RENEWAL (52027)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/HEINZ RD UR TIF INCRTIF Taxing District Inc. Number: 52250
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2007
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2025
UR DesignationSlumNo
Blighted No
Economic Development 05/2002
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 40,168,810 15,204,600 0 0 55,373,410 0 55,373,410
Taxable 0 0 38,160,372 14,444,371 0 0 52,604,743 0 52,604,743
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 34,933,220 20,440,190 0 20,440,190 608,812
FY 2015 TIF Revenue Received: 0
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)
Urban Renewal Area: IOWA CITY HEINZ ROAD URBAN RENEWAL (52027)
TIF Taxing District Name: IOWA CITY AG/IOWA CITY SCH/HEINZ RD UR TIF INCR
TIF Taxing District Inc. Number: 52252
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2006
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2025
UR Designation
Slum No
Blighted No
Economic Development 05/2002
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 28,190 0 0 0 0 0 28,190 0 28,190
Taxable 12,234 0 0 0 0 0 12,234 0 12,234
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 7,358 12,234 0 12,234 247
FY 2015 TIF Revenue Received: 0
Created: Mon Oct 26 14:06:25 CDT 2015
Page 30 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HEINZ ROAD URBAN RENEWAL (52027)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/HEINZ RD UR-ALPLA 2 TIF INCRTIF Taxing District Inc. Number: 52322
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2011
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2025
UR DesignationSlumNo
Blighted No
Economic Development 05/2002
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 9,121,650 0 0 9,121,650 0 9,121,650
Taxable 0 0 0 8,665,568 0 0 8,665,568 0 8,665,568
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 4,585,250 4,536,400 0 4,536,400 135,117
FY 2015 TIF Revenue Received: 0
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 31 of 51
Urban Renewal Area Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HIGHWAY SIX URBAN RENEWALUR Area Number: 52028
UR Area Creation Date: 05/2003
UR Area Purpose:
To formulate and execute aprogram using public and privateresources to develop the area forretail, office, and other commercialuses. To revitalize commercialactivity, expand taxable values,and make public improvementssupporting commercial activity.
Tax Districts within this Urban Renewal Area BaseNo.IncrementNo.
IncrementValue
Used
IOWA CITY/IOWA CITY SCH/IC HWY 6 COMMERCIAL UR TIF INCR 52255 52256 0
IOWA CITY/IOWA CITY SCH/IC HWY 6 COMM SOUTHGATE INCREMENT 52279 52280 0
IOWA CITY AG/IOWA CITY SCH/HWY 6 COMM UR TIF INCR 52317 52318 0
Urban Renewal Area Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 13,410 867,490 65,928,900 0 0 0 66,809,800 0 66,809,800
Taxable 5,820 471,916 62,632,501 0 0 0 63,110,237 0 63,110,237
Homestead Credits 1
TIF Sp. Rev. Fund Cash Balanceas of 07-01-2014: 0 0 Amount of 07-01-2014 Cash BalanceRestricted for LMI
TIF Revenue: 0
TIF Sp. Revenue Fund Interest: 0
Property Tax Replacement Claims 0
Asset Sales & Loan Repayments: 0
Total Revenue: 0
Rebate Expenditures: 0Non-Rebate Expenditures: 0
Returned to County Treasurer: 0Total Expenditures: 0
TIF Sp. Rev. Fund Cash Balanceas of 06-30-2015: 0 0 Amount of 06-30-2015 Cash BalanceRestricted for LMI
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 32 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HIGHWAY SIX URBAN RENEWAL (52028)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/IC HWY 6 COMMERCIAL UR TIF INCRTIF Taxing District Inc. Number: 52256
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2005
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2025
UR DesignationSlumNo
Blighted No
Economic Development 05/2003
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 867,490 52,985,060 0 0 0 53,852,550 0 53,852,550
Taxable 0 471,916 50,335,848 0 0 0 50,807,764 0 50,807,764
Homestead Credits 1
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 49,291,922 4,560,628 0 4,560,628 135,838
FY 2015 TIF Revenue Received: 0
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)
Urban Renewal Area: IOWA CITY HIGHWAY SIX URBAN RENEWAL (52028)
TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/IC HWY 6 COMM SOUTHGATE INCREMENT
TIF Taxing District Inc. Number: 52280
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2005
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2025
UR Designation
Slum No
Blighted No
Economic Development 05/2003
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 12,943,840 0 0 0 12,943,840 0 12,943,840
Taxable 0 0 12,296,653 0 0 0 12,296,653 0 12,296,653
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 8,745,932 4,197,908 0 4,197,908 125,035
FY 2015 TIF Revenue Received: 0
Created: Mon Oct 26 14:06:25 CDT 2015
Page 33 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY HIGHWAY SIX URBAN RENEWAL (52028)TIF Taxing District Name: IOWA CITY AG/IOWA CITY SCH/HWY 6 COMM UR TIF INCRTIF Taxing District Inc. Number: 52318
TIF Taxing District Base Year: 2003
FY TIF Revenue First Received: 2005
Subject to a Statutory end date? Yes
Fiscal year this TIF Taxing District
statutorily ends: 2025
UR DesignationSlumNo
Blighted No
Economic Development 05/2003
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 13,410 0 0 0 0 0 13,410 0 13,410
Taxable 5,820 0 0 0 0 0 5,820 0 5,820
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 112,626 0 0 0 0
FY 2015 TIF Revenue Received: 0
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 34 of 51
Urban Renewal Area Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY MOSS GREEN URBAN VILLAGE URBAN RENEWALUR Area Number: 52029
UR Area Creation Date: 04/2010
UR Area Purpose:
To formulate and execute aworkable program using public andprivate resources to develop theUrban Renewal Project area foroffice and other commercial uses.
Tax Districts within this Urban Renewal Area Base
No.
Increment
No.
IncrementValueUsed
IOWA CITY/IOWA CITY SCH/MOSS GREEN URB VILLTIF INCR 52358 52359 0
Urban Renewal Area Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 0
Taxable 0 0 0 0 0 0 0 0 0
Homestead Credits 0
TIF Sp. Rev. Fund Cash Balanceas of 07-01-2014: 0 0 Amount of 07-01-2014 Cash BalanceRestricted for LMI
TIF Revenue: 0TIF Sp. Revenue Fund Interest: 0Property Tax Replacement Claims 0Asset Sales & Loan Repayments: 0Total Revenue: 0
Rebate Expenditures: 0
Non-Rebate Expenditures: 0
Returned to County Treasurer: 0
Total Expenditures: 0
TIF Sp. Rev. Fund Cash Balanceas of 06-30-2015: 0 0 Amount of 06-30-2015 Cash BalanceRestricted for LMI
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 35 of 51
Projects For IOWA CITY MOSS GREEN URBAN VILLAGE URBAN
RENEWAL
Moss Road Project
Description:Moss Road extension
Classification:Roads, Bridges & UtilitiesPhysically Complete:NoPayments Complete:No
Administrative Expenses
Description:Administrative Expenses
Classification:Administrative expensesPhysically Complete:NoPayments Complete:No
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 36 of 51
Debts/Obligations For IOWA CITY MOSS GREEN URBAN VILLAGE
URBAN RENEWAL
Moss Road Portion of 2014A
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:1,890,000Interest:270,935Total:2,160,935Annual Appropriation?:NoDate Incurred:05/06/2014FY of Last Payment:2024
FY14 Administrative Expenses
Debt/Obligation Type:Internal LoansPrincipal:167Interest:0Total:167Annual Appropriation?:NoDate Incurred:07/31/2013FY of Last Payment:2018
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 37 of 51
256 Characters Left
Sum of Private Investment Made Within This Urban Renewal Area
during FY 2015
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 38 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY MOSS GREEN URBAN VILLAGE URBAN RENEWAL (52029)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/MOSS GREEN URB VILLTIF INCRTIF Taxing District Inc. Number: 52359
TIF Taxing District Base Year: 2012
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 0 0 0 0 0 0 0
Taxable 0 0 0 0 0 0 0 0 0
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 0 0 0 0 0
FY 2015 TIF Revenue Received: 0
♣ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 39 of 51
Urban Renewal Area Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY TOWNCREST URBAN RENEWALUR Area Number: 52030
UR Area Creation Date: 12/2010
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 Base
No.
Increment
No.
IncrementValueUsed
IOWA CITY/IOWA CITY SCH/TOWNCREST TIF INCR 52360 52361 1,346,490
Urban Renewal Area Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 4,621,750 29,274,750 0 0 -1,852 33,894,648 0 33,894,648
Taxable 0 2,514,243 27,811,031 0 0 -1,852 30,323,422 0 30,323,422
Homestead Credits 4
TIF Sp. Rev. Fund Cash Balanceas of 07-01-2014: 0 0 Amount of 07-01-2014 Cash BalanceRestricted for LMI
TIF Revenue: 39,917TIF Sp. Revenue Fund Interest: 0Property Tax Replacement Claims 0Asset Sales & Loan Repayments: 0Total Revenue: 39,917
Rebate Expenditures: 0
Non-Rebate Expenditures: 39,917
Returned to County Treasurer: 0Total Expenditures: 39,917
TIF Sp. Rev. Fund Cash Balanceas of 06-30-2015: 0 0 Amount of 06-30-2015 Cash BalanceRestricted for LMI
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 40 of 51
Projects For IOWA CITY TOWNCREST URBAN RENEWAL
William Street Streetscape
Description:Public Improvement coinciding with Med Office Bldg.
Classification:Roads, Bridges & Utilities
Physically Complete:No
Payments Complete:No
MDK Development Med Office Bldg
Description:Medical Office Building
Classification:Commercial - office properties
Physically Complete:No
Payments Complete:No
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 41 of 51
Debts/Obligations For IOWA CITY TOWNCREST URBAN RENEWAL
2011B GO Bonds (Towncrest Redev.)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:391,153
Interest:5,572
Total:396,725
Annual Appropriation?:No
Date Incurred:05/03/2011
FY of Last Payment:2020
2012B GO Bonds (Towncrest Redev.)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:400,000
Interest:3,284
Total:403,284Annual Appropriation?:NoDate Incurred:06/05/2012FY of Last Payment:2020
2013A GO Bonds (Williams St. Recon.)
Debt/Obligation Type:Gen. Obligation Bonds/NotesPrincipal:540,000Interest:48,614Total:588,614Annual Appropriation?:NoDate Incurred:06/18/2013FY of Last Payment:2023
MDK Forgivable Loan
Debt/Obligation Type:Internal LoansPrincipal:625,000Interest:225,794Total:850,794Annual Appropriation?:NoDate Incurred:06/19/2012FY of Last Payment:2035
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 42 of 51
Tied To Debt:
Tied To Project:
Non-Rebates For IOWA CITY TOWNCREST URBAN RENEWAL
TIF Expenditure Amount:39,917
2011B GO Bonds (TowncrestRedev.)William Street Streetscape
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 43 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY TOWNCREST URBAN RENEWAL (52030)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/TOWNCREST TIF INCRTIF Taxing District Inc. Number: 52361
TIF Taxing District Base Year: 0
FY TIF Revenue First Received: 2014
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 4,621,750 29,274,750 0 0 -1,852 33,894,648 0 33,894,648
Taxable 0 2,514,243 27,811,031 0 0 -1,852 30,323,422 0 30,323,422
Homestead Credits 4
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 32,550,010 1,346,490 1,346,490 0 0
FY 2015 TIF Revenue Received: 39,917
♦ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 44 of 51
Urban Renewal Area Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY RIVERSIDE DRIVE URBAN RENEWALUR Area Number: 52031
UR Area Creation Date: 10/2011
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 Base
No.
Increment
No.
IncrementValueUsed
IOWA CITY/IOWA CITY SCH/RIVERSIDE DR TIF INCR 52362 52363 696,133
Urban Renewal Area Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 30,089,640 0 0 0 30,089,640 0 30,089,640
Taxable 0 0 28,585,179 0 0 0 28,585,179 0 28,585,179
Homestead Credits 0
TIF Sp. Rev. Fund Cash Balanceas of 07-01-2014: -108 0 Amount of 07-01-2014 Cash BalanceRestricted for LMI
TIF Revenue: 20,734TIF Sp. Revenue Fund Interest: 0Property Tax Replacement Claims 0Asset Sales & Loan Repayments: 0Total Revenue: 20,734
Rebate Expenditures: 0
Non-Rebate Expenditures: 20,626
Returned to County Treasurer: 0Total Expenditures: 20,626
TIF Sp. Rev. Fund Cash Balanceas of 06-30-2015: 0 0 Amount of 06-30-2015 Cash BalanceRestricted for LMI
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 45 of 51
Projects For IOWA CITY RIVERSIDE DRIVE URBAN RENEWAL
Administrative Expenses
Description:legal, consulting, recording, & publications
Classification:Administrative expenses
Physically Complete:No
Payments Complete:No
Riverside Dr Pedestrian Tunnel
Description:pedestrian tunnel
Classification:
Recreational facilities (lake development, parks, ball fields,
trails)
Physically Complete:No
Payments Complete:No
Riverside West Apartments
Description:639 S. Riverside redevelop former car lot
Classification:Residential property (classified residential)
Physically Complete:No
Payments Complete:No
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 46 of 51
Debts/Obligations For IOWA CITY RIVERSIDE DRIVE URBAN
RENEWAL
HDR Engineering (12.7%)
Debt/Obligation Type:Internal Loans
Principal:20,884Interest:0Total:20,884Annual Appropriation?:NoDate Incurred:07/05/2011FY of Last Payment:2016
Shoemaker & Haaland Design Contract
Debt/Obligation Type:Internal LoansPrincipal:20,714Interest:0Total:20,714Annual Appropriation?:NoDate Incurred:11/18/2014FY of Last Payment:2016
FY15 Administrative Expenses
Debt/Obligation Type:Internal LoansPrincipal:2,034Interest:0Total:2,034Annual Appropriation?:NoDate Incurred:11/10/2015FY of Last Payment:2017
Emrico Properties, LLC
Debt/Obligation Type:RebatesPrincipal:1,809,875Interest:0Total:1,809,875
Annual Appropriation?:No
Date Incurred:12/02/2014
FY of Last Payment:2024
2015A GO Bonds (Riverside Pedestrian)
Debt/Obligation Type:Gen. Obligation Bonds/Notes
Principal:100,000
Interest:11,552
Total:111,552
Annual Appropriation?:No
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 47 of 51
Date Incurred:06/02/2015FY of Last Payment:2025
FY14 Administrative Expenses
Debt/Obligation Type:Internal LoansPrincipal:171Interest:0Total:171Annual Appropriation?:NoDate Incurred:11/18/2014FY of Last Payment:2016
Snyder and Associates Inc (Streetscape)
Debt/Obligation Type:Internal LoansPrincipal:31,324Interest:0Total:31,324Annual Appropriation?:NoDate Incurred:11/10/2015FY of Last Payment:2017
Created: Mon Oct 26 14:06:25 CDT 2015
Page 48 of 51
Tied To Debt:Tied To Project:
Non-Rebates For IOWA CITY RIVERSIDE DRIVE URBAN RENEWAL
TIF Expenditure Amount:20,626
HDR Engineering (12.7%)Riverside Dr Pedestrian Tunnel
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 49 of 51
256 Characters Left
Sum of Private Investment Made Within This Urban Renewal Area
during FY 2015
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 50 of 51
TIF Taxing District Data Collection
Local Government Name: IOWA CITY (52G483)Urban Renewal Area: IOWA CITY RIVERSIDE DRIVE URBAN RENEWAL (52031)TIF Taxing District Name: IOWA CITY/IOWA CITY SCH/RIVERSIDE DR TIF INCRTIF Taxing District Inc. Number: 52363
TIF Taxing District Base Year: 0
FY TIF Revenue First Received:
Subject to a Statutory end date? No
UR DesignationSlumNo
Blighted No
Economic Development No
TIF Taxing District Value by Class - 1/1/2013 for FY 2015
Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total
Assessed 0 0 30,089,640 0 0 0 30,089,640 0 30,089,640
Taxable 0 0 28,585,179 0 0 0 28,585,179 0 28,585,179
Homestead Credits 0
Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used
Fiscal Year 2015 23,812,020 6,277,620 696,133 5,581,487 166,245
FY 2015 TIF Revenue Received: 20,734
▲ Annual Urban Renewal Report, Fiscal Year 2014 - 2015
Created: Mon Oct 26 14:06:25 CDT 2015
Page 51 of 51