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HomeMy WebLinkAbout2025-11-17 I01C_02 FY27 TIF CertificationsAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: November 17, 2025 AGENDA ITEM:Consideration of approval of 2026-2027 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 FY2027. 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 11/17/2025 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, 2025 as required. Estimated Valuation % Increase/ (Decrease) Estimated TIF Revenue #25021 - Waukee Unified URA 71,945,673$ -20.7%1,847,471$ #25033 - Waukee Consolidated URA 437,465,305$ -0.6%11,233,540$ #25036 - Waukee Autumn Ridge URA 31,184,852$ -5.7%800,786$ #25038 - Waukee Southwest Business Park URA 7,684,405$ 22.3%191,467$ #25045 - North Waukee Residential URA 34,492,162$ -4.4%885,714$ #25052 - Towne Center Commercial URA -$ -$ #25053 - The Quarter Commercial URA -$ -$ Total All Districts 582,772,397$ -12.2%14,958,978$ FY2027 - All TIF Districts I1C2 ATTACHMENTS: I. Memo / Exhibit A II. City TIF Forms PREPARED BY:Linda Burkhart REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION: M emo To:Mayor Clarke, Councilmember’s Bergman Pierce, Bottenberg, Crone, Grove and Sinclair City Administrator Deets From: Linda Burkhart, Finance Director Date:November 17, 2025 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 FY2027. 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). This year we will be de-certifying the debt in both The Quarter and Waukee Towne Center Commercial, and rolling them into the Consolidated District. 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 decrease of $81,229,069 or -12.2% as compared to last years increase of $230,574,140 the prior year in TIF valuation. Estimated valuation per district are as follows: The Council’s approval of the attached motion will ensure we meet the annual December 1st deadline for filing the report with the Dallas County Auditor. If you have any questions, please be sure to contact me prior to the meeting. Linda Burkhart Finance Director Prior Year FY26 Valuation Estimated FY27 Valuation % Increase Estimated TIF Revenue #25021 - Waukee Unified URA 90,754,721$ 71,945,673$ -20.7%1,847,471$ #25033 - Waukee Consolidated URA 439,920,148$ 437,465,305$ -0.6%11,233,540$ #25036 - Waukee Autumn Ridge URA 33,061,490$ 31,184,852$ -5.7%800,786$ #25038 - Waukee Southwest Business Park URA 6,281,752$ 7,684,405$ 22.3%191,467$ #25045 - North Waukee Residential URA 36,080,948$ 34,492,162$ -4.4%885,714$ #25053 - The Quarter Commercial URA 43,047,194$ -$ -$ #25052 - Towne Center Commercial URA 14,855,213$ -$ -$ Total All Districts 664,001,466$ 582,772,397$ -12.2%14,958,978$ FY2027 - All TIF Districts Amount to Certify/Balance Carry Over TIF $ Requested (Decertify)Remaining from Prior Year FY26-27 FY26-27 6/30/2027 6/30/2027 Unified URA District - $71,945,673 Estimated Valuation Estimated Tax Increment: $ 1,847,471 2014A Bond - (Alices Road Projects) FY27 $575,819 $4,093,158 Brick/Regency/Valley Bank Development Agreement $363,000 Administrative & Legal Fees FY25 $0 $0 $0 Fiscal Fees FY27 $0 $0 $0 TIF Interest Earnings FY25 $0 $0 $0 Total - Hickman West $575,819 $0 $4,456,158 $0 Fiscal Fees FY27 $0 $0 $0 Kissed Peach Development Grant FY25 $20,000 $20,000 $0 Waukee Ice Cream Shop Façade Improvement FY25 $4,360 $4,360 Administrative & Legal Fees FY25 $4,638 $4,638 $0 TIF Interest Earnings FY25 ($367,405)($367,405)$0 Commercial / Industrial Backfill FY26 ($2,277)($2,277)$0 Total - Waukee URA 2000 ($340,684)($340,684)$0 $0 Total - Unified URA $235,135 ($340,684)$4,456,158 $0 Consolidated URA District - $437,465,305 Estimated Valuation Estimated Tax Increment: $ 11,233,540 2024A Bond - (CIP) FY27 $656,350 $0 $11,189,569 2023B Bond - (CIP) FY27 $2,366,513 $0 $38,454,624 2022A Bond - (CIP) FY27 $167,738 $0 $5,977,930 2021B Bond - (CIP) FY27 $881,263 $0 $17,694,498 2021A Bond - (CIP) FY27 $184,450 $0 $2,610,300 2020A Bond - (North HS Roads) FY27 $1,211,560 $0 $9,716,660 2019A Bond - (Kettlestone Blvd/Greenbelt PhII) FY27 $188,700 $0 $742,500 Administrative & Legal Fees FY25 $61,716 $61,716 $0 Dallas County Alliance Fees FY25 $15,000 $15,000 $0 Computer Software - Civic Serve FY25 $0 $0 $0 TIF Interest Earnings FY25 ($237,244)($237,244)$0 KC Kettlestone Development Agreement FY27 + FY25 True Up $463,836 $0 $637,981 Fridley Theatres Development Agreement FY27 + FY25 True Up $366,107 $0 $335,981 Kettleview LLC Development Agreeement FY27 $369,000 $0 $1,808,498 Husk Homes Development Grant FY25 $60,000 $60,000 Waukee Crossing Development Agreement FY25/26/27 $492,000 $492,000 Access Systems Development Agreement FY26/27 $188,945 $535,000 $346,005 AP North Development Agreement FY27 $168,558 $2,000,000 $1,831,442 Stivers Development Agreement FY27 $68,267 $330,000 $261,733 Waukee Towne Center Development Agreement FY26/27 $152,299 $1,100,000 $947,601 TLC Properties FY27 $254,147 $1,668,467 $1,414,320 Unity Point Development Agreement FY27 $239,630 $650,000 $410,370 Commercial / Industrial Backfill FY26 ($12,662)($12,662) Total - Gateway $8,306,173 $6,662,277 $94,380,012 $0 Administrative & Legal Fees FY25 $0 $0 $80,741 $0 Total - Waukee West $0 $0 $80,741 $0 Administrative & Legal Fees FY25 $0 $0 $0 $0 Deery, Deery & Deery Devleopment Agreement FY26 True Up $184,947 $184,947 $0 Total - Waukee Central $184,947 $184,947 $0 $0 Administrative & Legal Fees FY25 $9,376 $9,376 TIF Interest Earnings FY25 ($9,538)($9,538) The Quarter LLC Development Agreement (Re-certify from Quarter)$0 $33,563,269 $33,563,269 Commercial / Industrial Backfill FY26 ($1,559)($1,559) Total - The Quarter Commercial ($1,721)$33,561,548 $33,563,269 $0 Administrative & Legal Fees FY25 $2,073 $2,073 TIF Interest Earnings FY25 $0 $0 Towne Center Phase 1 Development Agreement (Re-certify from Towne Ctr Comm)$0 $5,471,555 $5,471,555 Towne Center Phase 2 Development Agreement (Re-certify from Towne Ctr Comm)$0 $14,259,633 $14,259,633 Commercial / Industrial Backfill FY26 ($507)($507) Total - Towne Center Commercial $1,566 $19,732,754 $19,731,188 $0 Total - Consolidated URA $8,490,965 $60,141,526 $147,755,210 $0 Exhibit A Autumn Ridge - $31,184,852 Estimated Valuation Estimated Tax Increment: $ 800,786 Administrative & Legal Fees FY25 $480 $480 $0 2018A - Debt Service FY27 $556,386 $556,386 $0 LMI FY27 $277,800 $277,800 $0 $16,750 TIF Interest Earnings FY25 ($33,880)($33,880)$0 Total - Autumn Ridge $800,786 $800,786 $0 $16,750 SW Business Park - $7,684,405 Estimated Valuation Estimated Tax Increment: $ 191,467 Administrative & Legal Fees FY25 $540 $540 $0 $0 RJ Lawn/117 Land Development Agreement FY27 $195,010 $0 $349,347 $3,681 TIF Interest Earnings FY25 ($3,841)($3,841)$0 Commercial / Industrial Backfill FY26 ($242)($242) Total - SW Business Park $191,467 ($3,543)$349,347 $3,681 North Residential - $34,492,162 Estimated Valuation Estimated Tax Increment: $ 885,714 Administrative & Legal Fees FY25 $2,910 $2,910 $0 $0 2022A Bond - (CIP) FY27 $67,433 $0 $1,245,390 $343,373 2021B Bond - (CIP) FY27 $357,050 $0 $2,460,350 2021A Bond - (CIP) FY27 $245,600 $0 $1,224,300 LMI FY27 $232,234 $232,234 $0 $119,392 TIF Interest Earnings FY25 ($19,513)($19,513)$0 Total - North Residential $885,714 $215,631 $4,930,040 $462,765 The Quarter Commercial - $0 Estimated Valuation Estimated Tax Increment: $ 0 Administrative & Legal Fees FY25 $0 $0 $0 $0 TIF Interest Earnings FY25 $0 $0 $0 The Quarter LLC Development Agreement $0 ($33,563,269)$0 Commercial / Industrial Backfill FY26 $0 $0 Total - The Quarter Commercial $0 ($33,563,269)$0 $0 Towne Center Commercial - $0 Estimated Valuation Estimated Tax Increment: $ 0 Administrative & Legal Fees FY25 $0 $0 $0 $0 TIF Interest Earnings FY25 $0 $0 $0 Towne Center Phase 1 Development Agreement $0 ($5,471,555)$0 Towne Center Phase 2 Development Agreement $0 ($14,259,633)$0 Total - Towne Center Commercial $0 ($19,731,188)$0 $0 TOTAL - ALL DISTRICTS $10,604,067 $7,519,259 $157,490,755 $483,196 Move to Consolidated - FY2027 Move to Consolidated - FY2027 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 AN CI NG (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 Dec 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 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*: $ 28,998.00 *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 17th day of November 2025 (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 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 Approved*: Total Amount: 1 FY25 Kissed Peach Fagade Improvement 11/17/2025 20,000.00 2 FY25 W a u k ee Ice C r e am Shop Facade I m p rove m e nt 11/17/2025 4,360.00 3 FY25 Administrative & Legal Fees 11/17/2025 4,638.00 Total TIF Indebtedness NOT Previously Certified: 28,998.00 *"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 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 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 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 Amount Requested! Requested: *** Please capture 1 00 % of m a x i m u m funding Unified U R A can produce for A Y 2 5 (FY27) *** Total TIF Increment Tax R eq u es t For This Urban R e n e w a l Area: 0 Dated this 17th day of November ; 2025 (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 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 Amount Reduced: Reduced: FY25 Interest Earnings 11/17/2025 -367,405.00 FY26 Commercial / Industrial Backfill 11/17/2025 -2,276.52 Total I nde b te d ne ss Reduction For This Urban R en ew al Area: -369,681.52 Dated this 17th day of N o v e m b e r ; 2025 (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 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 IF I C A T I ON 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 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 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 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": $ 60,403,036.00 *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 D e c e m b e r 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 17th day of November ; 2025 (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 IFI C A T I ON 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 Urban Renewal Area Name: W a u k ee Consolidated Urban Renewal Area County: Dallas Urban Renewal Area Number: 25033 KH nN OF OM © 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 (Format: XX/XX/20XX} Individual TIF Indebtedness Type/Description: Date Approved*: Total Amount: FY25 Administrative & Legal Fees 11/17/2025 73,165.00 FY25 Dallas County Alliance Fees 11/17/2025 15,000.00 FY25 Husk H o m e s D e vel o pme n t Grant 11/17/2025 60,000.00 Waukee Crossing Development Agreement 11/17/2025 492,000.00 Access Systems Development Agreement 11/17/2025 535,000.00 AP North Development Agreement 11/17/2025 2,000,000.00 Stivers Development Agreement 11/17/2025 330,000.00 Waukee Towne Center Development Agreement 11/17/2025 1,100,000.00 TLC Properties D e ve l op m en t A g r ee m e n t 11/17/2025 1,668,467.00 Unity Point D ev e lo p me n t A g r ee m e n t 11/17/2025 650,000.00 Deery, Deery & Deery D e ve l op m en t A g r eem e n t True Up 11/17/2025 184,947.00 The Quarter D ev e lo p me n t A g r ee m e n t (Transfer from U R A #25053) 11/17/2025 33,563,269.00 Towne Center Phase 1 Development Agreement (Transfer from URA#25052) 11/17/2025 5,471,555.00 Towne Center Phase 2 Development Agreement (Transfer from URA#25052) 11/17/2025 14,259,633.00 Total TIF Indebtedness NOT Previously Certified: 60,403,036.00 *"Date Approved= is the date that the local governing body initially approved the TIF inde btedness. 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 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: 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 aximum legally available TIF increment tax as totaled below. Tax A m ou nt Typically There Would Only Be A Single Entry In 'Tax A m o u nt Requested9 Requested: ** Please capture 100% of maximum funding Consolidated URA can produce for AY25 (FY27) *** Total TIF Incre ment Tax R eq u es t For This Urban R e ne w a l Area: 0 Dated this 17th day of N o v e m b e r ; 2025 (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 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 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 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: eats ingebicdness F o n e r Reduced: Reduced: 1 FY25 Interest Earnings 11/17/2025 -246,782.00 2 FY26 C o mm e r c i a l / industrial Backfill 11/17/2025 -14,727.33 Total I nde bte dne ss Reduction For This Urban R e n e w a l Area: -261,509.33 Dated this 17th day of N o v e m b e r ' 2025 (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 I N A N C I N 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 D e c ember 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 u tu m n 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 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=: $ 834,666.00 *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 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 17th day of November ; 2025 (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 A R TIF Authority: Waukee County: Dallas Urban Renewal Area Name: W a u k ee A u tu m n Ridge Urban Renewal Area Number: 25036 (Format: XX/XX/20XX) Individual TIF indebtedness Type/Description: Date Approved": Total Amount: 1 2018A Bond - Debt Service FY27 11/17/2025 556,386.00 2 FY27 LM 11/17/2025 277,800.00 3 Administrative & Legal Fees FY25 11/17/2025 480.00 Total TIF Indebtedness NOT Previously Certified: 834,666.00 *"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 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: Waukee County: Dallas Urban Renewal Area Name: W a u k ee A u t umn 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 named above, the TIF Authority requests less than the maximum legally available TIF increment tax as totaled below. Tax A m o u nt Typically There Would Only Be A Single Entry In 'Tax A mo un t Requested9 Requesied: ** Please capture 100% of the maximum funding Autumn Ridge URA can produce for AY25 (FY27) *** Total TIF Increment Tax R eq u es t For This Urban R e n e w a l Area: 0 Dated this 17th day of November ; 2025 (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: W a u k ee County: Dallas Urban Renewal Area Name: Waukee 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) Date Indebtedness A m ou nt Reduced: Reduced: FY25 Interest Earnings 11/17/2025 -33,880.00 Individual TIF Indebtedness Type/Description/Details: 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 nde bte d ne ss Reduction For This Urban R en ew al Area: -33,880.00 Dated this 17th day of N o v e m b e r ; 2025 (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 WA S E CT 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 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 ember 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 R e n e w a l Area N a m e : W a u k ee S o u t h w e s t B u sin e ss Park Urban R e n e w a l 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 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*: $ 540.00 *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 shail 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 17th day of November , 2025 (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 A R TIF Authority: Wau 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 Approved9: Total Amount: FY25 Administrative & Legal Fees 11/17/2025 540.00 Total TIF Indebtedness NOT Previously Certified: 540.00 * "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: 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 ximum legally available TIF increment tax as totaled below. Tax A mo u n t Typically There Would Only Be A Single Entry In 'Tax Amount Requested! Requested: *** Please capture 1 00% m a x i m u m funding S W Business Park U R A can produce for A Y 2 5 (FY27) *** Total TIF Increment Tax R eq u es t For This Urban R e n e w a l Area: 0 Dated this 17th day of N o v e m b e r , 2025 (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 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 FY25 Interest Earnings 11/17/2025 -3,841.00 2 FY26 C o mm e r c i a l / Industrial Backfill 11/17/2025 -241.97 Total I nde bte d ne ss Reduction For This Urban R en ew al Area: ~4,082.97 Dated this 17th day of November , 2025 (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 WA 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 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 December 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*: $ 235,144.00 *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 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 17th day of November ' 2025 (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 A R 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 FY25 Administrative & Legal Fees 11/17/2025 2,910.00 2 FY27 LMI 11/17/2025 232,234.00 Total TIF Indebtedness NOT Previously Certified: 235,144.00 *"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 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: 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 m a ximum legally available TIF increment tax as totaled below. Tax A m ou nt Typically There Would Only Be A Single Entry In 'Tax Amount Requested9 Requested: *** Please capture 100% the maximum funding North Residential URA can produce for AY25 (FY27) *** Total TIF Increment Tax Request For This Urban Renewal Area: 0 Dated this 17th day of November ; 2025 (515) 978-7919 Signature of Authorized Official T e l e p h o n e F O RM 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: 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 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 : FY25 Interest Earnings 11/17/2025 -19,513.00 Total I nde bte d ne ss Reduction For This Urban R en ew al Area: -19,513.00 Dated this 17th day of November ; 2025 (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 WA S E CT 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 IC A T I ON TO C O U N T Y A U D I T O R Due To County Auditor By Dece 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*: $ 0.00 *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 17th day of N o v e m b e r ; 2025 (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 A R 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 (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description: Date Approved*: Total Amount: FY25 Administrative & Legal Fees 11/17/2025 0.00 Total TIF I nde bte d ne ss N O T Previously Certified: 0.00 *"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 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: W a u k ee County: Dallas Urban Renewal Area Name: W a u k ee T ow ne Center Comme rcial 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 ximum legally available TIF increment tax as totaled below. Tax A mo un t Typically There Would Only Be A Single Entry In 'Tax Amount Requested9 Requested: *** Please capture 100% the maximum funding for Towne Center Commercial URA can produce for AY25 (FY27) *** Total TIF Increment Tax Request For This Urban Renewal Area: 0 Dated this 17th day of N o v e m b e r ; 2025 (515) 978-7919 Signature of Authorized Official T e l e p h o n e F O RM 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 T ow ne Center Commercial Urban R e n e w a l Area N u m b e r : 2 5 0 5 2 | 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 R e d u c e d : R e d u c e d : 1 Towne Center Phase 1 Development Agreement (Transfer to URA 25033) 11/17/2025 -5,471,555.00 2 Towne Center Phase 2 Development Agreement (Transfer to URA 25033) 11/17/2025 -14,259,633.00 Total I nde bte d ne ss Reduction For This Urban R en ew al Area: -19,731,188.00 Dated this 17th day of November ; 2025 (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 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 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 December 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: The Quarter Commercia l 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": $ 0.00 <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. 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 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 17th day of November ; 2025 (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 A R TIF Authority: W a u k ee County: Dallas Urban Renewal Area Name: The Quarter Commercia l U R A Urban Renewal Area Number: 25053 (Format: XX/XX/20XX) Individual TIF Indebtedness Type/Description: Date Approved9: Total Amount: FY25 Administrative & Legal Fees 11/17/2025 0.00 Total TIF I nde bte d ne ss N O T Previously Certified: 0.00 *"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 December 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 R e n e w a l 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 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 Requested9 Requested: ** Please capture 100% maximum funding Quarter Commercial URA can produce for AY25 (FY27) *** Total TIF Incre ment Tax R e que s t For This Urban R e n e w a l Area: 0 Dated this 17th day of November , 2025 (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: 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 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 Amount Reduced: Reduced: The Quarter D ev e lo p me n t A gr ee me nt (Transfer to U R A #25033) 11/17/2025 -33,563,269.00 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 nde bte dne ss Reduction For This Urban R e n e w a l Area: -33,563,269.00 Dated this 17th day of November ; 2025 (515) 978-7919 Signature of Authorized Official Telephone