HomeMy WebLinkAboutA003 - Indebtedness Certification Cover Sheet dated November 26, 2019 CITY TIF FORM 1-INDEBTEDNESS CERTIFICATION Cover Sheet
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CODE OF IOWA SECTION 403.19-TAX INCREMENT FINANCING (TIF) INDEE r
CERTIFICATION TO COUNTY AUDITOR ~I 1
Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Tax I:
Use One Certification Per Urban Renewal Area
City: Ames County: Story
Urban Renewal Area Name: ISU Research Park Urban Renewal Area TIF District 2
Urban Renewal Area Number: (Use five-digit Area Number Assigned by the County Auditor)
I hereby certify to the County Auditor that for the Urban Renewal Area within the City and County named above the
City 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 Iowa.
Urban Renewal Area Indebtedness Not Previously Certified*: $ 353..387
*There must be attached a supporting itemized listing of the dates that individual loans, advances, indebtedness, or
bonds were initially approved by the governing body. (Complete and attach 'CITY TIF FORM 1.1'.)
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 City. However, for any fiscal year a City 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 'CITY TIF FORM 2'with the County Auditor by the preceding December 1
for each of those fiscal years where all of the TIF increment tax is not requested.)
A City 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 'CITY TIF 'FORM T 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.)
Notes/Additional Information:
The TIF indebtedness is in the form GO Bond Issue 2019A, with a portion
of the proceeds used to make infrastructure improvements to the TIF
area. The indebtedness certified reflects total of principal and interest
to reps the TIF portion of the bonds. Final maturity is 6/2031
Dated this �26 day of November 2019
515-239-5114
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