Loading...
HomeMy WebLinkAbout2024-11-18 I01H_02 FY2026 TIF CertificationsAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: November 18, 2024 AGENDA ITEM:Consideration of approval of 2025-2026 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 FY2026. 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 11/18/2024 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, 2024 as required. ATTACHMENTS: I. Memo / Exhibit A II. City TIF Forms I1H2 PREPARED BY:Linda Burkhart REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION: M emo To:Mayor Clarke, Councilmembers Bergman Pierce, Bottenberg, Crone, Grove and Sinclair City Administrator Deets From: Linda Burkhart, Finance Director Date:November 18, 2024 Re:Annual Certification of Tax Increment Attach:Exhibit A City staff has worked with Public Financial Management (PFM) staff members Matt Stoffel and Carrie Swartz, on projecting the annual tax increment revenues for FY2026. 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, The Quarter Commercial District and Waukee Towne Center Commercial(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 $230,574,140 or 53.2% as compared to $120,294,446 the prior year in TIF valuation. Estimated valuation per district are as follows: The Council’s approval of the attached motion will ensure we meet the annual December 1st deadline for filing the report with the Dallas County Auditor. If you have any questions please be sure to contact me prior to the meeting. Linda Burkhart Finance Director Estimated Valuation % Increase/ (Decrease) Estimated TIF Revenue #25021 - Waukee Unified URA 90,754,721$ 6.3%2,343,818$ #25033 - Waukee Consolidated URA 439,920,148$ 70.7%11,360,451$ #25036 - Waukee Autumn Ridge URA 33,061,490$ 0.9%853,863$ #25038 - Waukee Southwest Business Park URA 6,281,752$ 4.4%155,414$ #25045 - North Waukee Residential URA 36,080,948$ 4.4%931,845$ #25053 - The Quarter Commercial URA 43,047,194$ 153.2%1,111,759$ #25052 - Towne Center Commercial URA 14,855,213$ 100.0%383,658$ Total All Districts 664,001,466$ 53.2%17,140,808$ FY2026 - All TIF Districts Amount to Certify/Balance Carry Over TIF $ Requested (Decertify)Remaining from Prior Year FY25-26 FY25-26 6/30/2026 6/30/2026 Unified URA District - $90,754,721 Estimated Valuation Estimated Tax Increment: $ 2,343,818 2014A Bond - (Alices Road Projects) FY26 $573,419 $4,668,977 Brick/Regency/Valley Bank Development Agreement $363,000 Administrative & Legal Fees FY24 $0 $0 $0 Fiscal Fees FY26 $0 $0 $0 TIF Interest Earnings FY24 $0 $0 $0 Total - Hickman West $573,419 $0 $5,031,977 $0 Fiscal Fees FY26 $0 $0 $0 Kenny's Façade Improvement FY24 $2,000 $2,000 $0 Waukee Ice Cream Shop Façade Improvement FY24 $7,150 $7,150 Administrative & Legal Fees FY24 $2,663 $2,663 $0 TIF Interest Earnings FY24 ($281,595)($281,595)$0 Commercial / Industrial Backfill FY25 ($4,237)($4,237)$0 Total - Waukee URA 2000 ($274,019)($274,019)$0 $0 Total - Unified URA $299,400 ($274,019)$5,031,977 $0 Consolidated URA District - $439,920,148 Estimated Valuation Estimated Tax Increment: $ 11,360,451 2024A Bond - (CIP) FY25 & FY26 $1,138,156 $12,984,075 $11,845,919 2023B Bond - (CIP) FY26 $2,364,013 $0 $40,821,137 2022A Bond - (CIP) FY26 $167,738 $0 $6,145,668 2021B Bond - (CIP) FY26 $851,263 $0 $18,575,761 2021A Bond - (CIP) FY26 $190,700 $0 $2,794,750 2020A Bond - (North HS Roads) FY26 $972,578 $0 $10,928,220 2019A Bond - (Kettlestone Blvd/Greenbelt PhII) FY26 $186,200 $0 $931,200 Administrative & Legal Fees FY24 $27,284 $27,284 $0 Dallas County Alliance Fees FY24 $15,000 $15,000 $0 Computer Software - Civic Serve FY24 $5,000 $5,000 $0 GPP Enhancements Phase I FY17 $240,386 $0 TIF Interest Earnings FY24 ($170,146)($170,146)$0 KC Kettlestone Development Agreement FY26 $457,965 $0 $1,101,817 Fridley Theatres Development Agreement FY26 $330,270 $0 $702,088 Kettleview LLC Development Agreeement FY26 $369,000 $0 $2,177,498 Commercial / Industrial Backfill FY25 ($13,418)($13,418) Total - Gateway $7,131,989 $12,847,795 $96,024,058 $0 Administrative & Legal Fees FY24 $0 $0 $80,741 $0 Total - Waukee West $0 $0 $80,741 $0 Administrative & Legal Fees FY24 $0 $0 $0 $0 Deery, Deery & Deery Devleopment Agreement FY26 $34,514 $0 $0 Total - Waukee Central $34,514 $0 $0 $0 Total - Consolidated URA $7,166,503 $12,847,795 $96,104,799 $0 Autumn Ridge - $33,061,490 Estimated Valuation Estimated Tax Increment: $ 853,863 Administrative & Legal Fees FY24 $0 $0 $0 2018A - Debt Service FY25 & FY26 $690,223 $690,223 $0 LMI FY26 $210,330 $241,733 $0 $50,150 TIF Interest Earnings FY24 ($46,690)($46,690)$0 Total - Autumn Ridge $853,863 $885,266 $0 $50,150 SW Business Park - $6,281,752 Estimated Valuation Estimated Tax Increment: $ 155,414 Administrative & Legal Fees FY24 $753 $753 $0 $0 RJ Lawn/117Land Development Agreement FY26 $155,238 $0 $548,038 $0 TIF Interest Earnings FY24 ($6,027)($6,027)$0 Commercial / Industrial Backfill FY25 ($427)($427) Total - SW Business Park $149,537 ($5,701)$548,038 $0 North Residential - $36,080,948 Estimated Valuation Estimated Tax Increment: $ 931,845 Administrative & Legal Fees FY24 $11,436 $11,436 $0 $0 2022A Bond - (CIP) FY26 $78,699 $0 $1,410,778 $245,418 2021B Bond - (CIP) FY26 $359,800 $0 $2,817,400 2021A Bond - (CIP) FY26 $250,350 $0 $1,469,900 LMI FY26 $244,330 $244,330 $0 $119,392 TIF Interest Earnings FY24 ($12,770)($12,770)$0 Total - North Residential $931,845 $242,996 $5,698,078 $364,810 The Quarter Commercial - $43,047,194 Estimated Valuation Estimated Tax Increment: $ 1,111,759 Administrative & Legal Fees FY24 $3,544 $3,544 $0 $0 TIF Interest Earnings FY24 $0 $0 $0 The Quarter LLC Development Agreement $0 $0 $33,563,269 Commercial / Industrial Backfill FY25 ($1,095)($1,095) Total - The Quarter Commercial $2,449 $2,449 $33,563,269 $0 Towne Center Commercial - $14,855,213 Estimated Valuation Estimated Tax Increment: $ 383,658 Administrative & Legal Fees FY23 & FY24 $7,681 $7,681 $0 $0 TIF Interest Earnings FY24 $0 $0 $0 Towne Center Phase 1 Development Agreement $0 $5,471,555 $5,471,555 Towne Center Phase 2 Development Agreement $0 $14,259,633 $14,259,633 Total - The Quarter Commercial $7,681 $19,738,869 $19,731,188 $0 TOTAL - ALL DISTRICTS $9,411,278 $33,437,655 $160,677,349 $414,960 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 ANC 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 Decem 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 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*: $ 11,813.00 *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 "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 18th day of N o v e m b e r , 2024 (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: Waukee 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 Approved9: Total A m o u n t : 1 FY24 Kenny's Fagade Improvement 11/18/2024 2,000.00 2 FY24 Waukee Ice Cream Shop Facade Improvement 11/18/2024 7,150.00 3 FY24 Administrative & Legal Fees 11/18/2024 2,663.00 Total TIF I nde b te d ne ss N O T Previously Certified: 11,813.00 *"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: W a u k ee Unified Urban Renewal Area U r b a n R e n e w a l Area N u m b e r : 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 A mo un t Requested9 ; Requested: * Please capture 100% of maximum funding Unified URA can produce for AY24 (FY26) *** Total TIF Incre ment Tax R e que s t For This Urban R en ew al Area: 0 Dated this 18th day of November ; 2024 (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 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 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 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 A mo un t R e d u c e d : R e d u c e d : FY24 Interest Earnings 11/18/2024 -281,595.00 FY25 C o mm e r c i a l / Industrial Backfill 11/18/2024 -4,237.00 Total I ndeb tedn e ss Reduction For This Urban R e n e w a l Area: -285,832.00 Dated this 18th day of N o v e m b e r , 2024 (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 EC TI ON 403.19 TAX I N C R E M E N T F IN ANC IN G (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 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: 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": $ 13,031,359.00 *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 18th © day of N o v e m b e r ; 2024 (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 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 EA R TIF Authority: Waukee 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 2024A Bond - CIP 11/18/2024 12,984,075.00 2 FY24 Administrative & Legal Fees 11/18/2024 27,284.00 3 FY24 Dalls County Alliance Fees 11/18/2024 15,000.00 4 FY24 Civic Serve C om p ut e r Software 11/18/2024 5,000.00 Total TIF Indebtedness NOT Previously Certified: 13,031 ,359.00 *"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 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: 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 maximum legally available TIF increment tax as totaled below. Tax A mo un t Requested: Typically There Would Only Be A Single Entry In 'Tax Amount Requested9 <* Please capture 100% of maximum funding Consolidated URA can produce for AY24 (FY26) *** Total TIF Increment Tax R e que s t For This Urban R e n e w a l Area: 0 Dated this 18th day of N o v e m b e r . 2024 (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 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: Waukee 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 e d 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/Detaiis: Date Indebtedness A mo un t Reduced: Reduced: 1 FY24 Interest Earnings 11/18/2024 -170,146.00 2 FY25 C o mm e r c i a l / Industrial Backfill 11/18/2024 -13,418.00 Total I nde bte dne ss Reduction For This Urban R en e wa l Area: -183,564.00 Dated this 18th day of November ; 2024 (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 I OWA S E CT I O N 403.19 TAX I N C R E M E N T F I N A N C I N G (TIF) I N D E B T E D N E SS C E R T IF IC 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: Waukee Autumn 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*: $ 931,956.00 *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. 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 day of 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 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: Waukee Autumn Ridge Urban Renewal Area Number: 25036 (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description: Date Approved*: Total Amount: 1 2018A Bond - Debt Service FY26 11/18/2024 690,223.00 2 FY26 LMI 11/18/2024 241,733.00 Total TIF I nde bte dne ss N O T Previously Certified: 931,956.00 *"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 D ecember 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: Waukee Autumn Ridge Urban Renewal Area Number: 25036 | 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 the maximum funding Autumn Ridge URA can produce for AY24 (FY26) *** Total TIF Increment Tax R e que s t For This Urban R en ew al Area: 0 Dated this 18th day of N o v e m b e r , 2024 (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 Renewal Area TIF Authority: Waukee County: Dallas Urban Renewal Area Name: W a u k ee Autumn 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) Individual TIF Indebtedness Type/Description/Details: Date Indebtedness A mo un t R e d u c e d : R e d u c e d : FY24 Interest Earnings 11/18/2024 -46,690.00 Total I nde bte dne ss Reduction For This Urban R e n e w a l Area: -46,690.00 Dated this 18th day of November , 2024 (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 EC TI ON 403.19 TAX I N C R E M E N T F IN AN C IN G (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 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: 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*: $ 753.00 <There must be attached a 8 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 39 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 18th day of November , 2024 (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 Southwest Business Park Urban Renewal Area Urban Renewal Area Number: 25038 (Format: XX/XX/20XX)} Individual TIF Indebtedness Type/Description: Date Approved*: Total Amount: FY24 Administrative & Legal Fees 11/18/2024 753.00 1 2 3 4 5 6 7 8 Total TIF Indebtedness NOT Previously Certified: 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 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 December 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 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 8Tax Amount Requested9 Requested: ** Please capture 100% maximum funding SW Business Park URA can produce for AY24 (FY26) *** Total TIF Increment Tax R e que s t For This Urban R e n e w a l Area: Dated this 18th day of N o v e m b e r ; 2024 (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: 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 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: 1 FY24 Interest Earnings 11/18/2024 -6,027.00 2 FY25 Commercial / Industrial Backfill 11/18/2024 -427.00 Total I nde bte dne ss Reduction For This Urban R en ewa l Area: -6,454.00 Dated this 18th day of N o v e m b e r ; 2024 (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 EC TI ON 403.19 TAX I N C R E M E N T F IN ANC 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 R e n e w a l 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*: $ 255,786.00 *There must be attached a 'FORM 1.19 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 shail 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 8FORM 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 18th day of N o v e m b e r , 2024 (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 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: Waukee 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 Approved9: Total Amount: 1 FY24 Administrative & Legal Fees 11/18/2024 11,436.00 2 FY26 LMI 11/18/2024 244,350.00 Total TIF I ndeb t edn e ss N O T Previously Certified: 255,786.00 *"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 C o un t y 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 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. Typically There Would Only Be A Single Entry In 'Tax Amount Requested9 Tax Amount Requested: *# Please capture 1 00% the m a x i m u m funding North Residential U R A can produce for A Y 2 4 (FY26) *** Total TIF Increment Tax R equ e st For This Urban R e n e w a l Area: 0 Dated this 18th day of N o v e m b e r ; 2024 (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 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 en ew al 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 am e d 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 R e d u c e d 7 R e d u c e d : FY24 Interest Earnings 11/18/2024 -12,770.00 Total I ndeb t edn e ss Reduction For This Urban R en ew al Area: -12,770.00 Dated this 18th day of November , 2024 (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 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 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*: $ 3,544.00 *There must be attached a 8FORM 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 "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 18th day of N o v e m b e r , 2024 (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: The Quarter Comme rcial U R A Urban R e n e w a l Area N u m b e r : 2 5 0 5 3 (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description: Date Approved9: Total Amount: FY24 Administrative & Legal Fees 11/18/2024 3,544.00 Total TIF Indebtedness NOT Previously Certified: 3,544.00 *"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 ember 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: 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 next fiscal year and for the Urban Renewal Area within the City and/or County n ame 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 8Tax Amount Requested9 Requested: * Please capture 100% maximum funding Quarter Commercial URA can produce for AY24 (FY26) *** Total TIF Incre ment Tax R e que s t For This Urban R en ew al Area: 0 Dated this 18th day of November ; 2024 (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 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 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/Deitails: Reduced: Reduced: FY25 Commercial / Industrial Backfill 11/18/2024 -1,095.00 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: -1,095.00 Dated this 18th day of November , 2024 (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 I O WA 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 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 T ow ne Center Commercial Urban Renewal Area Number: 25052 (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=: $ 19,738,869.00 *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 29 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 18th day of November ; 2024 (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 R e n e w a l Area N a m e : W a u k ee T o w n e Center C o mm e r c i a l Urban Renewal Area Number: 25052 (Format: XX/XX/20XX)} Individual TIF Indebtedness Type/Description: Date Approved*: Total Amount: 1 FY23 & FY24 Administrative & Legal Fees 11/18/2024 7,681.00 2 T ow ne Center Phase 1 D eve lop men t A gr ee m en t 11/18/2024 5,471,555.00 3 T own e Center Phase 2 D eve lop men t A gr eem en t 11/18/2024 14,259,633.00 Total TIF Indebtedness NOT Previously Certified: 19,738,869.00 *"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 December 1 Prior To The Fiscal Year Where Less Than The Legally Available TIF Increment Tax Is Requested 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 T ow ne Center Commercia l Urban Renewal Area Number: 25052 | 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 8Tax Amount Requested9 Requested: <* Please capture 1 00% the m a x i m u m funding for T own e Center Commercia l U R A can produce for AY24 (FY26) *** Total TIF Increment Tax R e que s t For This Urban R e n e w a l Area: 0 Dated this 18th day of N o v e m b e r ; 2024 (515) 978-7919 Signature of Authorized Official T e l e p h o n e 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 en ew al Area TIF Authority: Waukee County: Dallas Urban Renewal Area Name: W a u k ee T o w n e Center Commercial Urban Renewal Area Number: 25052 | 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 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 R e d u c e d : R e d u c e d : -NOM+TND ON DMDD OEST Total I nde bte dne ss Reduction For This Urban R en ewa l Area: 0.00 Dated this 18th day of N o v e m b e r ; 2024 (515) 978-7919 Signature of Authorized Official Telephone