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HomeMy WebLinkAbout2023-11-29 D01B FY3025 TIF CertificationsAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: November 29, 2023 AGENDA ITEM:Consideration of approval of 2024-2025 Tax Increment Financing (TIF) Indebtedness Certifications to Dallas County Auditor FORMAT:Consent Agenda SYNOPSIS INCLUDING PRO & CON: As required by Iowa Code Section 403.19, TIF Indebtedness Certifications are due to the County Auditor by December 1st annually. City staff has worked with staff from Public Financial Management (PFM) on projecting the annual tax increment revenues for FY2025. Based upon the preliminary valuations, the estimated revenues for each Certification are as follows: FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: An outline of the expenditures is provided in the Memo dated 11/29/2023 and Exhibit A. . RECOMMENDATION: Approve the motion, directing Finance Director to complete and submit the annual Indebtedness Certification forms to the Dallas County Auditor prior to December 1, 2023 as required. ATTACHMENTS: I. Memo / Exhibit A II. City TIF Forms PREPARED BY:Linda Burkhart Estimated Valuation % Increase/ (Decrease) Estimated TIF Revenue #25021 - Waukee Unified URA 85,399,120$ 0.5%2,251,040$ #25033 - Waukee Consolidated URA 257,691,407$ 54.0%6,792,501$ #25036 - Waukee Autumn Ridge URA 32,760,650$ 4.1%863,540$ #25038 - Waukee Southwest Business Park URA 6,015,303$ 15.4%148,145$ #25045 - North Waukee Residential URA 34,560,341$ 43.0%910,978$ #25053 - The Quarter Commercial URA 17,000,505$ 100.0%448,117$ Total All Districts 433,427,326$ 38.4%11,414,321$ FY2025 - All TIF Districts D1B REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION: M emo To:Mayor Clarke, Councilmember’s Bergman Pierce, Bottenberg, Crone, Lyon and Sinclair City Administrator Deets From: Linda Burkhart, Finance Director Date:November 29, 2023 Re:Annual Certification of Tax Increment Attach:Exhibit A City staff has worked with Public Financial Management (PFM) staff members Matt Stoffel and Jon Burmeister, on projecting the annual tax increment revenues for FY2025. Based upon the preliminary valuations we have received from the Dallas County Auditor's Office, City staff is proposing to certify 100% of the available tax increment within the Unified District (Hickman West and Waukee 2000), Consolidated District (Gateway, Waukee Central, Waukee West), Waukee Southwest Business Park District, Autumn Ridge Residential District North Waukee Residential URA District and The Quarter Commercial District(Exhibit A). Staff recommends 100% of the available tax increment associated with all districts, and does not recommend the release of any valuation. The preliminary estimates from PFM, show an overall increase of $120,294,446 or 38.4% as compared to $48,815,321 the prior year in TIF valuation. Estimated valuation per district are as follows: The Council’s approval of the attached motion will ensure we meet the annual December 1st deadline for filing the report with the Dallas County Auditor. If you have any questions please be sure to contact me prior to the meeting. Linda Burkhart Finance Director Estimated Valuation % Increase/ (Decrease) Estimated TIF Revenue #25021 - Waukee Unified URA 85,399,120$ 0.5%2,251,040$ #25033 - Waukee Consolidated URA 257,691,407$ 54.0%6,792,501$ #25036 - Waukee Autumn Ridge URA 32,760,650$ 4.1%863,540$ #25038 - Waukee Southwest Business Park URA 6,015,303$ 15.4%148,145$ #25045 - North Waukee Residential URA 34,560,341$ 43.0%910,978$ #25053 - The Quarter Commercial URA 17,000,505$ 100.0%448,117$ Total All Districts 433,427,326$ 38.4%11,414,321$ FY2025 - All TIF Districts Amount to Certify/Balance Carry Over TIF $ Requested (Decertify)Remaining from Prior Year FY24-25 FY24-25 06/30/2025 06/30/2025 Unified URA District - $85,399,120 Estimated Valuation Estimated Tax Increment: $ 2,251,040 2014A Bond - (Alices Road Projects) FY25 $568,794 $5,242,396 Brick/Regency/Valley Bank Development Agreement $363,000 Administrative & Legal Fees FY23 $0 $0 $0 Fiscal Fees FY25 $500 $500 $0 TIF Interest Earnings FY23 ($4,126)($4,126)$0 Total - Hickman West $565,168 ($3,626)$5,605,396 $0 2013D Bond - (Alices Road-Univ to Ashworth) (Use prior carryover $'s)$1,583,346 $0 Fiscal Fees FY25 $0 $0 $0 Kenny's Façade Improvement FY23 $3,300 $3,300 $0 Burn Boot Camp Property Improvement FY23 $25,000 $25,000 Administrative & Legal Fees FY23 $4,033 $4,033 $0 TIF Interest Earnings FY23 ($130,911)($130,911)$0 Commercial / Industrial Backfill FY24 ($3,341)($3,341)$0 Total - Waukee URA 2000 $1,481,427 ($101,919)$0 $0 Total - Unified URA $2,046,595 ($105,545)$5,605,396 $0 Consolidated URA District - $257,691,407 Estimated Valuation Estimated Tax Increment: $ 6,792,501 2023B Bond - (CIP) FY24 & FY25 $3,313,737 $46,498,887 $43,185,150 2022A Bond - (CIP) FY25 $167,738 $0 $6,313,406 2021B Bond - (CIP) FY25 $818,763 $0 $19,427,024 2021A Bond - (CIP) FY25 $191,700 $0 $2,985,450 2020A Bond - (North HS Roads) FY25 $901,768 $0 $11,900,798 2019A Bond - (Kettlestone Blvd/Greenbelt PhII) FY25 $188,450 $0 $1,117,400 Administrative & Legal Fees FY23 $33,314 $33,314 $0 Dallas County Alliance Fees FY23 $15,000 $15,000 $0 GPP Enhancements Phase I FY17 $0 $240,386 TIF Interest Earnings FY23 ($93,012)($93,012)$0 KC Kettlestone Development Agreement FY25 $374,371 $0 $1,559,782 Fridley Theatres Development Agreement FY25 $330,371 $0 $1,032,358 Kettleview LLC Development Agreeement FY25 $591,855 $0 $2,546,498 Commercial / Industrial Backfill FY24 ($10,177)($10,177) Total - Gateway $6,823,878 $46,444,012 $90,308,252 $0 Administrative & Legal Fees FY23 $2,552 $2,552 $80,741 $0 Total - Waukee West $2,552 $2,552 $80,741 $0 Administrative & Legal Fees FY23 $0 $0 $0 $0 Deery, Deery & Deery Devleopment Agreement FY25 $213,409 $0 $34,514 Total - Waukee Central $213,409 $0 $34,514 $0 Total - Consolidated URA $7,039,839 $46,446,564 $90,423,507 $0 Autumn Ridge - $32,760,650 Estimated Valuation Estimated Tax Increment: $ 863,540 Administrative & Legal Fees FY23 $0 $0 $0 Engineering - Alices Road (Univ to Hickman) FY17 $66,875 $0 $0 2018A - Debt Service FY25 $501,555 $501,555 $0 LMI FY25 $328,942 $328,942 $0 $18,747 TIF Interest Earnings FY23 ($33,832)($33,832)$0 Total - Autumn Ridge $863,540 $796,665 $0 $18,747 SW Business Park - $6,015,303 Estimated Valuation Estimated Tax Increment: $ 148,145 Administrative & Legal Fees FY23 $889 $889 $0 $0 RJ Lawn/117Land Development Agreement FY25 $141,883 $0 $703,276 $0 TIF Interest Earnings FY23 ($4,734)($4,734)$0 Commercial / Industrial Backfill FY24 ($346)($346) Total - SW Business Park $137,692 ($4,191)$703,276 $0 North Residential - $34,560,341 Estimated Valuation Estimated Tax Increment: $ 910,978 Administrative & Legal Fees FY23 $10,333 $10,333 $0 $0 2022A Bond - (CIP) FY25 $171,888 $0 $1,576,916 $157,979 2021B Bond - (CIP) FY25 $362,050 $0 $3,177,200 2021A Bond - (CIP) FY25 $249,600 $0 $1,720,250 LMI FY25 $119,408 $238,800 $0 $119,392 TIF Interest Earnings FY23 ($2,301)($2,301)$0 Total - North Residential $910,978 $246,832 $6,474,366 $277,371 The Quarter Commercial - $17,000,505 Estimated Valuation Estimated Tax Increment: $ 448,117 Administrative & Legal Fees FY23 $8,552 $8,552 $0 $0 TIF Interest Earnings FY23 $0 $0 $0 The Quarter LLC Development Agreement $439,565 $34,002,834 $33,563,269 Total - The Quarter Commercial $448,117 $34,011,386 $33,563,269 $0 TOTAL - ALL DISTRICTS $11,446,761 $81,391,711 $136,769,814 $296,118 Exhibit A F O R M 1 - I N D E B T E D N E SS C E R TIFI C A T ION Cover Sheet C O D E OF IOWA S EC TI ON 403.19 TAX I N C R E M E N T F IN AN CI NG (TIF) I N D E B T E D N E SS C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To County Auditor By D e c e m b e r 1 Prior To The Fiscal Year TIF Increment Tax Ils Requested Use One Certification Per Urban Renewal TIF Area TIF Authority (Name of City or County Operating the TIF): W a u k ee County (Where TIF is Located): Dallas Urban Renewal Area Name: W a u k ee Unified Urban Renewal! Area Urban Renewal Area Number: 25021 (Use State five-digit Area Number) | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County named above the TIF Authority has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which qualify for repayment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of lowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 32,833.00 *There must be attached a "FORM 1.1° showing an itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. The County Auditor shall provide the available TIF increment tax in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the TIF Authority. However, for any fiscal year a TIF Authority may elect to receive less than the available TIF increment tax by certifying the requested amount to the County Auditor on or before the preceding December 1. File 'FORM 2' with the County Auditor by the preceding December 1 for any fiscal year where all of the TIF increment tax is not requested. A TIF Authority reducing certified TIF indebtedness by any reason other than application of TIF increment tax received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than D e c e m b e r 1 of the year of occurrence. File "F O R M 3’ with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax received from the County Treasurer. Dated this 29th day of N o v e m b e r , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 1.1 - To be attached to F O R M 1 - I N D E B T E D N E SS C E R TIFI C A T ION Page 1 TIF I N D E B T E D N E SS NOT P R E V I O U S L Y CERTIFIED ELIGIBLE FOR TAX C O LL E C T I O N S NEXT FISCAL Y E AR TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: W a u k ee Unified Urban Renewal Area Urban Renewal Area Number: 25021 (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description: Date Approved’: Total Amount: 1 FY25 Fiscal Fees for Debt Service 11/29/2023 500.00 2 FY23 Administrative & Legal Fees 11/29/2023 4,033.00 3 FY23 Kenny's Facae I m p r ovement 11/29/2023 3,300.00 4 FY23 Burn Boot Camp Property Improvement 11/29/2023 25,000.00 Total TIF I ndeb t edn e ss N O T Previously Certified: 32,833.00 *"Date Approved" is the date that the local governing body initially approved the TIF inde btedness. F O R M 2 S P E C I F I C U R B A N R E N E W A L TIF A R E A T O T A L T AX D O LL A R R E Q U E S T F O R N E X T F I S C AL Y E A R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To County Auditor By Decem b e r 1 Prior To The Fiscal Year Where Less Than The Legally Available TIF Increment Tax Is Requested Use One Certification Per Urban Renewal Area TIF Authority: Waukee County: Dallas Urban Renewal Area Name: W a u k ee Unified Urban Renewal Area Urban Renewal Area Number: 25021 | hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City and/or County n am e d above, the TIF Authority requests less than the m a x i m u m legally available TIF increment tax as totaled below. Tax A mo un t Typically There Would Only Be A Single Entry In ‘Tax Amount Requested’ Requested: *** Please capture 100% of maximum funding Unified URA can produce for AY23 (FY25) *** Total TIF Increment Tax R e que s t For This Urban R e n e w a l Area: 0 Dated this 29th day of N o v e m b e r , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 3 TIF I N D E B T E D N E SS H AS B EE N R E D U C E D BY R E A S O N O T H E R T H A N A PP L I C A T I O N OF TIF I N C R E M E N T T AX R E C E I V E D F R O M T HE C O U N T Y T R E A S U R E R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Use One Certification Per Urban R e n e w a l Area TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: W a u k ee Unified Urban Renewal Area Urban Renewal Area Number: 25021 | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County named above, the TIF Authority has reduced previously certified indebtedness, by reason other than application of TIF tax received from the County Treasurer, by the total amount as shown below. (Format: XX/XX/20XX) Date Indebtedness A mo un t Reduced: Reduced: 1 FY23 Interest Earnings 11/29/2023 -135,037.00 2 FY24 C o mm e r c i a l / Industrial Backfill 11/29/2023 -3,341.00 Individual TIF Indebtedness Type/Description/Details: Total I ndeb t edn e ss Reduction For This Urban R en ew al Area: -138,378.00 Dated this 29th day of N o v e m b e r , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 1 - I N D E B T E D N E SS C E R T I FICATION Cover Sheet C O D E OF I O W A S E CT I O N 403.19 TAX I N C R E M E N T F IN A NC IN G (TIF) I N D E B T E D N E SS C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To County Auditor By D e c e m b e r 1 Prior To The Fiscal Year TIF Increment Tax Is Requested Use One Certification Per Urban Renewal TIF Area TIF Authority (Name of City or County Operating the TIF): W a u k ee County (Where TIF is Located): Dallas Urban Renewal Area Name: W a u k ee Consolidated Urban Renewal Area Urban Renewal Area Number: 25033 (Use State five-digit Area Number) | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County named above the TIF Authority has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which qualify for repayment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of lowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 46,549,753.00 *There must be attached a "F O R M 1.1' showing an itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. The County Auditor shall provide the available TIF increment tax in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the TIF Authority. However, for any fiscal year a TIF Authority may elect to receive less than the available TIF increment tax by certifying the requested amount to the County Auditor on or before the preceding D e c e m b e r 1. File "F O R M 2’ with the County Auditor by the preceding D e c e m b e r 1 for any fiscal year where ail of the TIF increment tax is not requested. A TIF Authority reducing certified TIF indebtedness by any reason other than application of TIF increment tax received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than D e c e m b e r 1 of the year of occurrence. File ‘FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax received from the County Treasurer. Dated this 29th day of N o v e m b e r 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 1.1 - To be attached to F O R M 1 - I N D E B T E D N E SS C E R T I F ICATION Page 1 TIF I N D E B T E D N E SS NOT P R E V I O U S L Y CERTIFIED ELIGIBLE FOR TAX C O LL E C T I O N S NEXT FISCAL Y E A R TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: W a u k ee Consolidated Urban Renewal Area Urban Renewal Area Number: 25033 (Format: XX/XX/20XX} Individual TIF Indebtedness Type/Description: Date Approved’: Total Amount: 1 2023B Bond - CIP 11/29/2023 46,498,887.00 2 FY23 Administrative & Legal Fees 11/29/2023 35,866.00 3 FY23 Dallas County Alliance Fees 11/29/2023 15,000.00 Total TIF I ndeb t edn e ss N O T Previously Certified: 46,549,753.00 *"Date Approved" is the date that the local governing body initially approved the TIF indebtedness. F O R M 2 S P E C I F I C U R B A N R E N E W A L TIF A R E A T O T A L T AX D O LL A R R E Q U E S T F O R N E X T F I S C A L Y E A R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To County Auditor By Decembe r 1 Prior To The Fiscal Year W h e r e Less Than The Legally Available TIF Incre ment Tax Is R e q u e s t e d Use One Certification Per Urban Renewal Area TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: W a u k ee Consolidated Urban Renewal Area Urban Renewal Area Number: 25033 | hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City and/or County named above, the TIF Authority requests less than the m a x i m u m legally available TIF increment tax as totaled below. Tax A mo un t Typically There Would Only Be A Single Entry In 'Tax A mo un t Requested' Requested: * Please capture 100% of maximum funding Consolidated URA can produce for AY23 (FY25) *** Total TIF increment Tax Request For This Urban Renewal Area: 0 Dated this 29th day of November : 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 3 TIF I N D E B T E D N E SS HAS BEEN R E D U C E D BY R E A S O N O T H E R T HAN A PP L I C A T I O N OF TIF I N C R E M E N T TAX R E C E I V E D F R O M THE C O U N T Y T R E A S U R E R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Use One Certification Per Urban R en ew al Area TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: W a u k ee Consolidated Urban Renewal Area Urban Renewal Area Number: 25033 | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County n am ed above, the TIF Authority has reduced previously certified indebtedness, by reason other than application of TIF tax received from the County Treasurer, by the total amount as shown below. (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description/Details: Date Indebtedness A mo un t Reduced: Reduced: 1 FY23 Interest Earnings 11/29/2023 -93,012.00 2 FY24 Commercial / Industrial Backfill 11/29/2023 -10,177.00 Total I ndeb tedn ess Reduction For This Urban Re ne wa l Area: -103,189.00 Dated this 29th day of November , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 1 - I N D E B T E D N E SS C E R T I FICATION Cover Sheet C O D E OF IOWA S E CT I ON 403.19 TAX I N C R E M E N T F IN AN CI NG (TIF) I N D E B T E D N E SS C ER TI FI CA TI ON TO C O U N T Y A U D I T O R Due To County Auditor By D e c e m b e r 1 Prior To The Fiscal Year TIF Increment Tax Is Requested Use One Certification Per Urban Renewal TIF Area TIF Authority (Name of City or County Operating the TIF): W a u k ee County (Where TIF is Located): Dallas Urban Renewal Area Name: W a u k ee A utumn Ridge Urban Renewal Area Number: 25036 (Use State five-digit Area Number) | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County n am e d above the TIF Authority has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which qualify for repayment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of lowa. Urban Renewal Area Indebtedness Not Previously Certified’: $ 830,497.00 “There must be attached a ‘F O R M 1.1' showing an itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. The County Auditor shall provide the available TIF increment tax in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the TIF Authority. However, for any fiscal year a TIF Authority may elect to receive less than the available TIF increment tax by certifying the requested amount to the County Auditor on or before the preceding D e c e m b e r 1. File "F O R M 2' with the County Auditor by the preceding D e c e m b e r 1 for any fiscal year where all of the TIF increment tax is not requested. A TIF Authority reducing certified TIF indebtedness by any reason other than application of TIF increment tax received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year of occurrence. File "FORM 3’ with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax received from the County Treasurer. Dated this 29th day of N o v e m b e r , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 1.1 - To be attached to F O R M 1 - I N D E B T E D N E SS C E R T I FICATION Page 1 TIF I N D E B T E D N E SS NOT P R E V I O U S L Y CERTIFIED ELIGIBLE FOR TAX C O LL E C T I O N S NEXT FISCAL Y E A R TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: W a u k ee A u tumn Ridge Urban Renewal Area Number: 25036 (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description: Date Approved’: Total Amount: 1 2018A Bond - Debt Service FY25 11/29/2023 501,555.00 2 FY25 LMI 11/29/2023 328,942.00 Total TIF Indebtedness NOT Previously Certified: 830,497.00 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness. F O R M 2 S P E C I F I C U R B A N R E N E W A L TIF A R E A T O T A L T AX D O LL A R R E Q U E S T F O R N E X T F I S C AL Y E A R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To County Auditor By D e c e m b e r 1 Prior To The Fiscal Year W h e r e Less Than The Legally Available TIF Increment Tax Is R e q u e s t e d Use One Certification Per Urban Renewal Area TIF Authority: Waukee County: Dallas Urban Renewal Area Name: W a u k ee A u t umn Ridge Urban R e n e w a l Area N u m b e r : 2 5 0 3 6 | hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City and/or County n am e d above, the TIF Authority requests less than the m a x i m u m legally available TIF increment tax as totaled below. Tax A mo un t Typically There Would Only Be A Single Entry In 'Tax A mo un t Requested’ Requested: *** Please capture 100% of the maximum funding Autumn Ridge URA can produce for AY23 (FY25) *** Total TIF Increment Tax R e qu e s t For This Urban R en ew al Area: 0 Dated this 29th day of November ; 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 3 TIF I N D E B T E D N E SS H AS B EE N R E D U C E D BY R E A S O N O T H E R T H A N A PP L I C A T I O N OF TIF I N C R E M E N T T AX R E C E I V E D F R O M T HE C O U N T Y T R E A S U R E R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Use One Certification Per Urban R e n e w a l Area TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: W a u k ee A u tumn Ridge Urban Renewal Area Number: 25036 | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County named above, the TIF Authority has reduced previously certified indebtedness, by reason other than application of TIF tax received from the County Treasurer, by the total amount as shown below. (Format: XX/XX/20XX) Date Indebtedness A mo un t Individual TIF Indebtedness Type/Description/Details: Reduced: Reduced: FY23 Interest Earnings 11/29/2023 -33,832.00 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Total I ndeb tedn e ss Reduction For This Urban R e n e w a l Area: -33,832.00 Dated this 29th day of November . 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 1 - I N D E B T E D N E SS C E R TIFI C A T ION Cover Sheet C O D E OF I O W A S E C T I O N 403.19 TAX I N C R E M E N T F IN A N C IN G (TIF) I N D E B T E D N E SS C E R T IF I C A T I ON TO C O U N T Y A U D I T O R Due To County Auditor By D e c e m b e r 1 Prior To The Fiscal Year TIF increment Tax Is Requested Use One Certification Per Urban Renewal TIF Area TIF Authority (Name of City or County Operating the TIF): W a u k ee County (Where TIF is Located): Dallas Urban Renewal Area Name: W a u k ee Southwest Business Park Urban Renewal Area Urban Renewal Area Number: 25038 (Use State five-digit Area Number) | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County n am e d above the TIF Authority has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which qualify for repayment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of lowa. Urban Renewal Area Indebtedness Not Previously Certified”: $ 889.00 *There must be attached a 'F O R M 1.1" showing an itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. The County Auditor shall provide the available TIF increment tax in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the TIF Authority. However, for any fiscal year a TIF Authority may elect to receive less than the available TIF increment tax by certifying the requested amount to the County Auditor on or before the preceding December 1. File "FORM 2’ with the County Auditor by the preceding December 1 for any fiscal year where all of the TIF increment tax is not requested. A TIF Authority reducing certified TIF indebtedness by any reason other than application of TIF increment tax received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than December 1 of the year of occurrence. File "FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax received from the County Treasurer. Dated this 29th day of N o v e m b e r , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 1.1 - To be attached to F O R M 1 - I N D E B T E D N E SS C E R T I FICATION Page 1 TIF I N D E B T E D N E SS NOT P R E V I O U S L Y CERTIFIED ELIGIBLE FOR TAX C O LL E C T I O N S NEXT FISCAL Y E A R TIF Authority: Waukee County: Dallas Urban Renewal Area Name: W a u k ee Southwest Business Park Urban Renewal Area Urban R e n e w a l Area N u m b e r : 2 5 0 3 8 (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description: Date Approved*: Total Amount: FY23 Administrative & Legal Fees 11/29/2023 889.00 Total TIF I nde bte dne ss N O T Previously Certified: 889.00 *"Date Approved" is the date that the local governing body initially approved the TIF indebtedness. O R M 2 S P E C I F I C U R B A N R E N E W A L TIF A R E A T O T A L T A X D O LL A R R E Q U E S T F O R N E X T F I S C A L Y E A R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To County Auditor By D e c e m b e r 1 Prior To The Fiscal Year Where Less Than The Legally Available TIF Increment Tax is Requested Use One Certification Per Urban Renewal Area TIF Authority: Waukee County: Dallas Urban Renewal Area Name: W a u k ee Southwest Business Park Urban Renewal Area Urban Renewal Area Number: 25038 | hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City and/or County n am e d above, the TIF Authority requests less than the m a x i m u m legally available TIF increment tax as totaled below. Tax A mo un t Typically There Would Only Be A Single Entry In ‘Tax Amount Requested’ Requested: ** Please capture 100% maximum funding SW Busines Park URA can produce for AY23 (FY25) *** Total TIF Increment Tax R equ e st For This Urban R e n e w a l Area: 0 Dated this 29th day of N o v e m b e r , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 3 TIF I N D E B T E D N E SS H A S B EE N R E D U C E D BY R E A S O N O T H E R T H A N A PP L I C A T I O N OF TIF I N C R E M E N T T A X R E C E I V E D F R O M T H E C O U N T Y T R E A S U R E R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Use One Certification Per Urban R e n e w a l Area TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: W a u k ee Southwest Business Park Urban Renewal Area Urban Renewal Area Number: 25038 | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County named above, the TIF Authority has reduced previously certified indebtedness, by reason other than application of TIF tax received from the County Treasurer, by the total amount as shown below. (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description/Details: Date i c l e s Amount Reduced: Reduced: FY23 Interest Earnings 11/29/2023 -4,734.00 FY24 C o mm e r c i a l / Industrial Backfill 11/29/2023 -346.00 1 2 3 4 5 6 va 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Total I ndeb tedn ess Reduction For This Urban R en ewa l Area: -5,080.00 Dated this 29th day of N o v e m b e r , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 1 - I N D E B T E D N E SS C E R TIFI C A T ION Cover Sheet C O D E OF IOWA S E C T I O N 403.19 TAX I N C R E M E N T F IN AN CI NG (TIF) I N D E B T E D N E SS C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To County Auditor By Decemb e r 1 Prior To The Fiscal Year TIF Increment Tax Is Requested Use One Certification Per Urban Renewal TIF Area TIF Authority (Name of City or County Operating the TIF): W a u k ee County (Where TIF is Located): Dallas Urban Renewal Area Name: North W a u k ee Residential Area Urban Renewal Area Number: 25045 (Use State five-digit Area Number) | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County named above the TIF Authority has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which qualify for repayment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of lowa. Urban Renewal Area indebtedness Not Previously Certified*: $ 249,133.00 “There must be attached a "F O R M 1.1' showing an itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. The County Auditor shall provide the available TIF increment tax in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the TIF Authority. However, for any fiscal year a TIF Authority may elect to receive less than the available TIF increment tax by certifying the requested amount to the County Auditor on or before the preceding D e c e m b e r 1. File "F O R M 2" with the County Auditor by the preceding D e c e m b e r 1 for any fiscal year where all of the TIF increment tax is not requested. A TIF Authority reducing certified TIF indebtedness by any reason other than application of TIF increment tax received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than D e c e m b e r 1 of the year of occurrence. File "F O R M 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax received from the County Treasurer. Dated this 29th day of N o v e m b e r ; 2023 (515) 978-7919 Signature of Authorized Official T e l e p h o n e F O R M 1.1 - To be attached to F O R M 1 - I N D E B T E D N E SS C E R T I F ICATION Page 1 TIF I N D E B T E D N E SS NOT P R E V I O U S L Y CERTIFIED ELIGIBLE FOR TAX C O LL E C T I O N S NEXT FISCAL Y E AR TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: North W a u k ee Residential Area Urban Renewal Area Number: 25045 (Format: XX/XX/20XX) individual TIF indebtedness Type/Description: Date Approved*: Total Amount: 1 FY23 Administrative & Legal Fees 11/29/2023 10,333.00 2 FY25LMI 11/29/2003 238,800.00 Total TIF I ndeb tedn e ss N O T Previously Certified: 249,133.00 *"Date Approved" is the date that the local governing body initially approved the TIF indebtedness. F O R M 2 S P E C I F I C U R B A N R E N E W A L TIF A R E A T O T A L T A X D O LL A R R E Q U E S T F O R N E X T F I S C A L Y E A R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To County Auditor By D e c e m b e r 1 Prior To The Fiscal Year Where Less Than The Legally Available TIF Increment Tax Is Requested Use One Certification Per Urban Renewal Area TIF Authority: Waukee County: Dallas Urban Renewal Area Name: North W a u k ee Residential Area Urban Renewal Area Number: 25045 | hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City and/or County named above, the TIF Authority requests less than the maximum legally available TIF increment tax as totaled below. Tax A mo un t Typically There Would Only Be A Single Entry In 'Tax A mo u n t Requested! Requested: *** Please capture 100% the maximum funding North Residential URA can produce for AY23 (FY25) *** Total TIF Increment Tax R e qu e s t For This Urban R e n e w a l Area: 0 Dated this 29th day of N o v e m b e r ; 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 3 TIF I N D E B T E D N E SS H A S B EE N R E D U C E D BY R E A S O N O T H E R T H A N A PP L I C A T I O N OF TIF I N C R E M E N T T AX R E C E I V E D F R O M T HE C O U N T Y T R E A S U R E R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Use One Certification Per Urban R e n e w a l Area TIF Authority: Waukee County: Dallas Urban Renewal Area Name: North W a u k ee Residential Area Urban Renewal Area Number: 25045 | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County n a med above, the TIF Authority has reduced previously certified indebtedness, by reason other than application of TIF tax received from the County Treasurer, by the total amount as shown below. (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description/Details: Date Indebtedness Amount Reduced: Reduced: FY23 Interest Earnings 11/29/2023 -2,301.00 Total I ndeb tedn ess Reduction For This Urban R e n e w a l Area: -2,301.00 Dated this 29th day of N o v e m b e r , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 1 - I N D E B T E D N E SS C E R T I F ICATION Cover Sheet C O D E OF IOWA S E C T I O N 403.19 TAX I N C R E M E N T F IN A NC IN G (TIF) I N D E B T E D N E SS C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To C o u nty Auditor By D e c e m b e r 1 Prior To The Fiscal Year TIF Increment Tax Is R e q u e s t e d Use One Certification Per Urban Renewal TIF Area TIF Authority (Name of City or County Operating the TIF): W a u k ee County (Where TIF is Located): Dallas Urban Renewal Area Name: The Quarter Commercial U R A Urban Renewal Area Number: 25053 (Use State five-digit Area Number) | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County n am ed above the TIF Authority has outstanding loans, advances, indebtedness, or bonds, none of which have been previously certified, in the collective amount shown below, all of which qualify for repayment from the special fund referred to in paragraph 2 of Section 403.19 of the Code of lowa. Urban Renewal Area Indebtedness Not Previously Certified*: $ 34,011,386.00 “There must be attached a "FORM 1.1' showing an itemized listing of the dates that individual loans, advances, indebtedness, or bonds were initially approved by the governing body. The County Auditor shall provide the available TIF increment tax in subsequent fiscal years without further certification until the above-stated amount of indebtedness is paid to the TIF Authority. However, for any fiscal year a TIF Authority may elect to receive less than the available TIF increment tax by certifying the requested amount to the County Auditor on or before the preceding D e c e m b e r 1. File ‘F O R M 2’ with the County Auditor by the preceding D e c e m b e r 1 for any fiscal year where all of the TIF increment tax is not requested. ATIF Authority reducing certified TIF indebtedness by any reason other than application of TIF increment tax received from the County Treasurer shall certify such reduced amounts to the County Auditor no later than D e c e m b e r 1 of the year of occurrence. File "FORM 3' with the County Auditor when TIF indebtedness has been reduced by any reason other than application of TIF increment tax received from the County Treasurer. Dated this 29th dayof November ; 2023 (515) 978-7919 Signature of Authorized Official T e l e p h o n e F O R M 1.1 - To be attached to F O R M 1 - I N D E B T E D N E SS C E R T I FICATION Page 1 TIF I N D E B T E D N E SS NOT P R E V I O U S L Y CERTIFIED ELIGIBLE FOR TAX C O LL E C T I O N S NEXT FISCAL Y E AR TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: The Quarter Commercial U R A Urban Renewal Area Number: 25053 (Format: XX/XX/20XX)} Individual TIF Indebtedness Type/Description: Date Approved’: Total Amount: 1 FY23 Administrative & Legal Fees 11/29/2023 8,552.00 2 The Quarter LLC D e velop m ent A gr eem en t 11/29/2023 34,002,834.00 Total TIF I ndeb tedn ess N O T Previously Certified: 34,011,386.00 *"Date Approved" is the date that the local governing body initially approved the TIF indebtedness. O R M 2 S P E C I F I C U R B A N R E N E W A L TIF A R E A T O T A L T A X D O LL A R R E Q U E S T F O R N E X T F I S C A L Y E A R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Due To C o u nty Auditor By D e c e m b e r 1 Prior To The Fiscal Year W h e r e Less Than The Legally Available TIF Increment Tax Is R e q u e s t e d Use One Certification Per Urban Renewal Area TIF Authority: Waukee County: Dallas Urban Renewal Area Name: The Quarter Commercial U R A Urban Renewal Area Number: 25053 | hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City and/or County named above, the TIF Authority requests less than the m a x i m u m legally available TIF increment tax as totaled below. Tax A m o u n t Typically There Would Only Be A Single Entry In 'Tax A mo un t Requested’ Requested: *“* Please capture 1 00% the m a x i m u m funding The Quarter Commercia l U R A can produce for AY23 (FY25) *” Total TIF increment Tax R equ e st For This Urban R e n e w a l Area: 0 Dated this 29th day of N o v e m b e r , 2023 (515) 978-7919 Signature of Authorized Official Telephone F O R M 3 TIF I N D E B T E D N E SS H AS B EE N R E D U C E D BY R E A S O N O T H E R T H A N A PP L I C A T I O N OF TIF I N C R E M E N T TAX R E C E I V E D F R O M T HE C O U N T Y T R E A S U R E R C E R T I F I C A T I O N TO C O U N T Y A U D I T O R Use One Certification Per Urban R e n e w a l Area TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: The Quarter Commercial U R A U r b a n R e n e w a l Area N u m b e r : 2 5 0 5 3 | hereby certify to the County Auditor that for the Urban Renewal Area within the City and/or County named above, the TIF Authority has reduced previously certified indebtedness, by reason other than application of TIF tax received from the County Treasurer, by the total amount as shown below. (Format: XX/XX/20XX)_ Individual TIF Indebtedness Type/Description/Details: Date Indebtedness Amount Reduced: Reduced: oO N OO oO OM © OD o N —- N N N oO N Tt N uw N Total I ndeb tedn e ss Reduction For This Urban R e n e w a l Area: 0.00 Dated this 29th day of N o v e m b e r ; 2023 (515) 978-7919 Signature of Authorized Official T e l e p h o n e