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Home My WebLink AboutA050 - Annual Urban Renewal Report, Fical Year 2017 - 2018 .� 1" an 1 4 ep�rt, Fiscal Year 2017 - 2018 Levy Authority Summary Local Government Name: AMES Local Government Number: 85G811 U.R. #of Tif Active Urban Renewal Areas # Taxing Districts AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL 85012 1 AMES SOUTH BELL AVENUE URBAN RENEWAL 85021 2 AMES CAMPUSTOWN URBAN RENEWAL 85023 1 AMES ISU RESEARCH PARK URBAN RENEWAL 85024 2 AMES BARILLA URBAN RENEWAL 85026 0 TIF Debt Outstanding: 3,739,563 ............................................................................................................................................................................................................ TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2017 Cash Balance as of 07-01-2017: -788,502 0 Restricted for LMI TIF Revenue: 594,020 TIF Sp. Revenue Fund Interest: -4,337 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 41,020 Total Revenue: 630,703 Rebate Expenditures: 229,455 Non-Rebate Expenditures: 414,904 Returned to County Treasurer: 0 Total Expenditures: 644,359 TIF Sp. AWVund Cash Balance Amount of 06-30-2018 Cash Balance as of 06-30-2018: 802,158 0 llestrieted for LMI Year-End Outstanding TIF Obligations, Net of TIF Special Revenue Fund Balance: 3,897,362 Created: Tue Nov 20 12:01:43 CST 2018 Page 1 of 22 Annual Urban Renewal Report, Fiscal Year 2017 - 2018 Urban Renewal Area Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL UR Area Number: 85012 UR Area Creation Date: 11/1997 Enhance the availability of sites to accommodate the construction of new industrial and commercial buildings and encourage and support development that will UR Area Purpose: expand the tax base. Increment Tax Districts within this Urban Renewal Area Noe Inc No ent value Used AMES CITY/AMES SCH/AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL TIF 85526 85126 0 INCREM Urban Renewal Area Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 0 Homestead Credits 0 TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2017 Cash Balance as of 07-01-2017: 0 0 Restricted for LMI TIF Revenue: 0 TIF Sp. Revenue Fund Interest: 0 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 0 Rebate Expenditures: 0 Non-Rebate Expenditures: 0 Returned to County Treasurer: 0 Total Expenditures: 0 TIF Sp.Rev. Fund Cash Balance ` Amount of'06-30-2018 Cash Balance as of'06-30-2018: 0 0 Restricted for LMI Created: Tue Nov 20 12:01:43 CST 2018 Page 2 of 22 Annual Urban Renewal Report, Fiscal Year 2017 - 2018 All debt has been retired for this Urban Renewal District and property has been released to general' taxation. 256 Characters Left Sum of Private Investment Made Within This Urban Renewal Area during FY 2018 Created: Tue Nov 20 12:01:43 CST 2018 Page 3 of 22 - Annual Urban Renewal Report, Fiscal Year 2017 - 2018 TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL (85012) TIF Taxing District Name: AMES CITY/AMES SCH/AMES COMMUNITY DEVELOPMENT PARK URBAN RENEWAL TIF INCREM TIF Taxing District Inc. Number: 85126 TIF Taxing District Base Year: 1997 FY TIF Revenue First Received: 2000 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIT Taxing District Economic Development 11/1997 statutorily ends: 2020 TIF Taxing District Value by Class - 1/l/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility 'Total Assessed 0 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 0 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2018 43,167 0 0 0 0 FY 2018 TIF Revenue Received: 0 Created: Tue Nov 20 12:01:43 CST 2018 Page 4 of 22 wt4,y al Year 2017 - 2018 v Urban Renewal Area Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES SOUTH BELL AVENUE URBAN RENEWAL UR Area Number: 85021 UR Area Creation Date: 01/2009 To expand the available inventory of fully serviced industrial land UR Area Purpose: within Ames. Increment Tax Districts within this Urban Renewal Area Noe IncNoent Value Used AMES CITY/AMES SCH/SOUTH BELL AVENUE URBAN RENEWL TIF INCREM 85586 85186 2,889,090 AMES CITY AG/AMES SCH/SOUTH BELL AVENUE URBAN RENEWAL TIF INCREM 85587 85187 0 Urban Renewal Area Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 3,210,100 0 0 0 3,210,100 0 3,210,100 Taxable 0 0 2,889,090 0 0 0 2,889,090 0 2,889,090 Homestead Credits 0 TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2017 Cash Balance as of 07-01-2017: -394,167 0 Restricted for LMI TIF Revenue: 71,065 TIF Sp. Revenue Fund Interest: -5,013 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 66,052 Rebate Expenditures: 0 Non-Rebate Expenditures: 109,704 Returned to County Treasurer: 0 Total Expenditures: 109,704 TIF Sp. Rev. Fund Cash Balance Amount of 06-30-2018 Cash Balance as of'06-30-2018: -437,819 0 Restricted for LMI Created: Tue Nov 20 12:01:43 CST 2018 Page 5 of 22 Annual urban Renewal Report, Fiscal Year 2017 - 2018 Projects For AMES SOUTH BELL AVENUE URBAN RENEWAL South Bell Infrastructure Description: Public Infrastructure for South Bell Area Classification: Roads, Bridges & Utilities Physically Complete: Yes Payments Complete: No Created: Tue Nov 20 12:01:43 CST 2018 Page 6 of 22 ♦ Annual (1rhan Renewal Report, Fiscal Year 2017 - 2018 Debts/Obligations For AMES SOUTH BELL AVENUE URBAN RENEWAL 2009B GO Bonds Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 441,984 Interest: 37,781 Total: 479,765 Annual Appropriation?: No Date Incurred: 10/29/2009 FY of Last Payment: 2021 Created: Tue Nov 20 12:01:43 CST 2018 Page 7 of 22 s AnIlCial Urban Renewal Report, Fiscal Year 2017 - 2018'', Non-Rebates For AMES SOUTH BELL AVENUE URBAN RENEWAL TIF Expenditure Amount: 109,704 Tied To Debt: 2009B GO Bonds Tied To Project: South Bell Infrastructure Created: Tue Nov 20 12:01:43 CST 2018 Page 8 of 22 ITT Tban Renewal Report, Fiscal Year=201"7 - 2018 r : TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES SOUTH BELL AVENUE URBAN RENEWAL (85021) TIF Taxing District Name: AMES CITY/AMES SCH/SOUTH BELL AVENUE URBAN RENEWL TIF INCREM TIF Taxing District Inc. Number: 85186 TIF Taxing District Base Year: 2008 FY TIF Revenue First Received: 2010 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 01/2009 statutorily ends: 2030 TIF Taxing District Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility 'Total Assessed 0 0 3,210,100 0 0 0 3,210,100 0 ''+ 3,210,100 Taxable 0 0 2,889,090 0 0 0 2,889,090 0 2,889,090 Homestead Credits _ 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2018 25,851 2,889,090 2,889,090 0 0 FY 2018 TIF Revenue Received: 71,065 TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES SOUTH BELL AVENUE URBAN RENEWAL (85021) TIF Taxing District Name: AMES CITY AG/AMES SCH/SOUTH BELL AVENUE URBAN RENEWAL TIF INCREM TIF Taxing District Inc. Number: 85187 TIF Taxing District Base Year: 2008 FY TIF Revenue First Received: 2011 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 01/2009 statutorily ends: 2031 TIF Taxing District Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 11 Taxable 0 0 0 0 0 0 0 0 Homestead Credits Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2018 0 0 0 0 0 FY 2018 TIF Revenue Received: 0 Created: Tue Nov 20 12:01:43 CST 2018 Page 9 of 22 .� tj ,w n Renewal Report, Fiscal Year 2017-- 2018 Urban Renewal Area Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES CAMPUSTOWN URBAN RENEWAL UR Area Number: 85023 UR Area Creation Date: 11/2014 To promote economic development in the Campustown area through the expansion of office and retail UR Area Purpose: space. Increment Tax Districts within this Urban Renewal Area Base Increment value No. No. Used AMES CITY/AMES SCH/CAMPUSTOWN URBAN RENEWALTIF INCREM 85630 85230 10,476,716 Urban Renewal Area Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 14,691,000 0 0 0 14,691,000 0 14,691,000 Taxable 0 0 13,221,900 0 0 0 13,221,900 0 13,221,900 Homestead Credits , 0 TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2017 Cash Balance as of 07-01-2017: -7,694 0 Restricted for LMI TIF Revenue: 234,455 TIF Sp. Revenue Fund Interest: 2,694 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 237,149 Rebate Expenditures: 229,455 Non-Rebate Expenditures: 0 Returned to County Treasurer: 0 Total Expenditures: 229,455 T,IF Sp. Rev. Fund Cash Balance Amount of 06-30-2018 Cash Balance as of 06-30-2018: 0 ` 0 Restricted for LMI Created: Tue Nov 20 12:01:43 CST 2018 Page 10 of 22 'F1 Urban Renewal Report, Fiscal Year 2017 - 2018 Projects For AMES CAMPUSTOWN URBAN RENEWAL Campustown Kingland Building Description: Office and Retail Development Classification: Commercial - office properties Physically Complete: Yes Payments Complete: Yes Created: Tue Nov 20 12:01:43 CST 2018 Page 11 of 22 ♦ Annual Urban Renewal Report, Fiscal Year 22017 - 2018 Debts/Obligations For AMES CAMPUSTOWN URBAN RENEWAL Campustown Urban Renewal Debt/Obligation Type: Rebates Principal: 232,148 Interest: 0 Total: 232,148 Annual Appropriation?: Yes Date Incurred: 11/10/2015 FY of Last Payment: 2018 Created: Tue Nov 20 12:01:43 CST 2018 Page 12 of 22 ♦ Annual Urban Renewal Report, Fiscal Year 2017 - 2018 Rebates For AMES CAMPUSTOWN URBAN RENEWAL Kingland Systems TIF Expenditure Amount: 229,455 Rebate Paid To: Kingland Systems Tied To Debt: Campustown Urban Renewal Tied To Project: Campustown Kingland Building Projected Final FY of Rebate: 2017 Created: Tue Nov 20 12:01:43 CST 2018 Page 13 of 22 [Jban Renewal Report, fiscal Year 2017 - 2018 Urban renewal area for Campustown Redevelopment. Rebate of TIF to Kingland Campus Properties per development agreement provides a total of$2,064,530 in tax rebate or a period of 10 years, whichever comes first. Subject to annual appropriation. 256 Characters Left Sum of Private Investment Made Within This Urban Renewal Area during FY 2018 1 Created: Tue Nov 20 12:01:43 CST 2018 Page 14 of 22 Annual Urban Renewal Report, Fiscal Year 2017 - 2018 TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES CAMPUSTOWN URBAN RENEWAL (85023) TIF Taxing District Name: AMES CITY/AMES SCH/CAMPUSTOWN URBAN RENEWALTIF INCREM TIF Taxing District Inc. Number: 85230 TIF Taxing District Base Year: 2014 FY TIF Revenue First Received: 2017 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 11/2013 statutorily ends: 2037 TIF Taxing District Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 14,691,000 0 0 0 14,691,000 0 ``14,691,000 Taxable 0 0 13,221,900 0 0 0 13,221,900 0 13,221,900 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2018 3,467,200 11,223,800 10,476,716 747,084 16,719 FY 2018 TIF Revenue Received: 234,455 Created: Tue Nov 20 12:01:43 CST 2018 Page 15 of 22 Annual Urban Renewal Report, Fiscal Year 2017 - 2018 Urban Renewal Area Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES ISU RESEARCH PARK URBAN RENEWAL UR Area Number: 85024 UR Area Creation Date: 11/2013 To promote economic development for Iowa State University Research Park by extending public UR Area Purpose: infrastructure. Increment Tax Districts within this Urban Renewal Area Base Increment Value No. No. Used AMES CITY/AMES SCH/ISU RESEARCH PARK URBAN RENEWAL TIF INCREM 85628 85228 17,135,370 AMES CITY AG/AMES SCH/ISU RESEARCH PARK URBAN RENEWAL TIF INCREM 85629 85229 0 Urban Renewal Area Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility 'Total Assessed 0 1,149,700 42,382,500 0 0 -1,852 43,530,348 0 4.3,530,348 Taxable 0 654,629 38,144,250 0 0 -1,852 38,797,027 0 38,797,027 Homestead Credits 2 TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2017 Cash Balance as of 07-01-2017: -386,641 0 Restricted for LMI TIF Revenue: 288,500 TIF Sp. Revenue Fund Interest: -2,018 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 41,020 Total Revenue: 327,502 Rebate Expenditures: 0 Non-Rebate Expenditures: 305,200 Returned to County Treasurer: 0 Total Expenditures: 305,200 TIF Sp. Rev.'Fund Cash Balance Amount of 06-30-2018Cash Balance as of 06-30-2018: 364,339 0 Restricted for LMI Created: Tue Nov 20 12:01:43 CST 2018 Page 16 of 22 i + Annual Urban Renewal Report, Fiscal Year 2017 - 2018 Projects For AMES ISU RESEARCH PARK URBAN RENEWAL ISURP Infrastructure Extension Description: Extension of public infrastructure to serve ISURP Classification: Roads, Bridges& Utilities Physically Complete: Yes Payments Complete: Yes Created: Tue Nov 20 12:01:43 CST 2018 Page 17 of 22 + Annual Urban Renewal Report, Fiscal Year 2017 - 2018 Debts/Obligations For AMES ISU RESEARCH PARK URBAN RENEWAL General Obligation Series 2015A Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 2,525,000 Interest: 502,650 Total: 3,027,650 Annual Appropriation?: No Date Incurred: 11/13/2015 FY of Last Payment: 2027 Created: Tue Nov 20 12:01:43 CST 2018 Page 18 of 22 Annual Urban Renewal Report, Fiscal Year 2017 - 2018 Non-Rebates For AMES ISU RESEARCH PARK URBAN RENEWAL TIF Expenditure Amount: 305,200 Tied To Debt: General Obligation Series 2015A Tied To Project: ISURP Infrastructure Extension Created: Tue Nov 20 12:01:43 CST 2018 Page 19 of 22 Annual Urban Renewal Report, Fiscal Year 2017 - 2018 TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES ISU RESEARCH PARK URBAN RENEWAL (85024) TIF Taxing District Name: AMES CITY/AMES SCH/ISU RESEARCH PARK URBAN RENEWAL TIF INCREM TIF Taxing District Inc. Number: 85228 TIF Taxing District Base Year: 2014 FY TIF Revenue First Received: 2017 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 11/2013 statutorily ends: 2037 TIF Taxing District Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 1,149,700 42,382,500 0 0 -1,852 43,530,348 0 "43,530,348 Taxable 0 654,629 38,144,250 0 0 -1,852 38,797,027 0 38,797,027 Homestead Credits 2 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2018 26,396,830 17,135,370 17,135,370 0 0 FY 2018 TIF Revenue Received: 288,500 TIF Taxing District Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES ISU RESEARCH PARK URBAN RENEWAL (85024) TIF Taxing District Name: AMES CITY AG/AMES SCH/ISU RESEARCH PARK URBAN RENEWAL TIF INCREM TIF Taxing District Inc. Number: 85229 TIF Taxing District Base Year: 2014 UR Designation FY TIF Revenue First Received: Slum No Subject to a Statutory end date? No Blighted No Economic Development No TIF Taxing District Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 ; IM! Homestead Credits ,. Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2018 690,740 0 0 0 0 FY 2018 TIF Revenue Received: 0 Created: Tue Nov 20 12:01:43 CST 2018 Page 20 of 22 e«a1 IZc��rl. fiscal Ye, 2017 - 2018 Urban Renewal Area Data Collection Local Government Name: AMES (85G811) Urban Renewal Area: AMES BARILLA URBAN RENEWAL UR Area Number: 85026 UR Area Creation Date: 07/2017 This urban renewal area is being created to facilitate the expansion of the Barilla manufacturing facility at 3303 and 3311 East UR Area Purpose: Lincoln Way. Increment Tax Districts within this Urban Renewal Area Base Increment Value No. No. Used Urban Renewal Area Value by Class - 1/1/2016 for FY 2018 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 Oil Taxable 0 0 0 0 0 0 0 0 Homestead Credits TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2017 Cash Balance as of 07-01-2017: 0 0 Restricted for LMI TIF Revenue: 0 TIF Sp. Revenue Fund Interest: 0 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 0 Rebate Expenditures: 0 Non-Rebate Expenditures: 0 Returned to County Treasurer: 0 Total Expenditures: 0 TIF Sp. Rev. Fund Cash Balance Amount of 06-30-2018 Cash Balance as of 06-30-2018: 0 0 Restricted for LMI Created: Tue Nov 20 12:01:43 CST 2018 Page 21 of 22 Ulrban I cneNval Rcport, Fiscal Year 2017 - 2018 Entered development agreement in November 2018, no Iinancial activity for the URA in FY 2017/18 256 Characters Left Sum of Private Investment Made Within This Urban Renewal Area during FY 2018 Created: Tue Nov 20 12:01:43 CST 2018 Page 22 of 22