HomeMy Public PortalAboutResolution 2021-56 Resolution Accepting and Approving the 2020 Urban Renewal Report for FY21RESOLUTION 2021-56
A RESOLUTION ACCEPTING AND APPROVING THE 2020 URBAN RENEWAL REPORT FOR
FISCAL YEAR ENDING JUNE 30, 2021
WHEREAS, the City of Riverdale, Iowa ("City") is a Municipal Corporation, organized and
operating under the laws of the State of Iowa;
WHEREAS, the City of Riverdale has prepared the 2021 Urban Renewal Report as
required by the State of Iowa; and,
WHEREAS, the City Council has reviewed the 2021 Urban Report; and,
WHEREAS, it is recommended by the State of Iowa that the City Council approve the
Urban Report before it is submitted to the State of Iowa
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Riverdale, Iowa,
hereby accepts and approves the 2021 Urban Report which the City Staff will submit as
required.
PASSED, APPROVED AND ADOPTED this 23rd day of November, 2021, by the Riverdale
City Council.
ATTEST:
Katie Enloe, Deputy City Clerk
Mike Bawden, Mayor
City of Riverdale, Iowa 110 Manor Drive, Riverdale, Iowa 52722 • (563) 355-2511 • www.riverdaleiowa.com
CITYTIF FORM 1 - INDEBTEDNESS CERTIFICATION Cover Sheet
CODE OF IOWA SECTION 403.19 TAX INCREMENT FINANCING (TIF) INDEBTEDNESS
CERTIFICATION TO COUNTY AUDITOR
Due To County Auditor By December 1 Prior To The Fiscal Year TIF Increment Tax Is Requested
Use One Certification Per Urban Renewal Area
City: Riverdale County: Scott
Urban Renewal Area Name: Welch Farm Development
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 lowa.
Urban Renewal Area Indebtedness Not Previously Certified*: $ 28,090
*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 T!F 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 T!F 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 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.)
Notes/Additional Information:
Dated this 23rd day of
November 2021
(563) 355-2511
Signature of Authorized Official Telephone
CITY TIF FORM 1.1 - To be attached to CITY 1 IF FORM 1 - INDEBTEDNESS GER fIFIC;ATION Page 1
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Riverdale
Urban Renewal Area Name: Welch Farm Development
County: Scott
Urban Renewal Area Number: 00000 (Use five -digit Area Number Assigned by the County Auditor)
Individual TIF Indebtedness Type/Description/Details:
1. Rebate Agreement - Woods Construction & Development, Inc
Amount of rebate subject to annual appropriation for FY 2022-23
'X' this box if a rebate agreement. List administrative details on lines above.
2. Rebate Agreement- Woods Construction & Development, Inc
3.
4.
5.
LMI Portion
C] 'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
11/22/2021
Total Amount:
12,711
11/22/2021 15,379
[IX' this box if a rebate agreement. List administrative details on lines above.
If more indebtedness entry lines are needed continue to Form 1.1 Page 2.
Total For City TIF Form 1.1 Page 1:
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
28,090
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Riverdale
Urban Renewal Area Name: Welch Farm Development
County: Scott
Page 2
Urban Renewal Area Number: 00000 (Use five -digit Area Number Assigned by the County Auditor)
B.
7.
8.
9.
10.
Individual TIF Indebtedness Type/Description/Details:
El'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
EI'X' this box if a rebate agreement. List administrative details on lines above.
If more indebtedness entry lines are needed continue to Form 1.1 Page 3.
Total For City TIF Form 1.1 Page 2:
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Total Amount:
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Riverdale
Urban Renewal Area Name: Welch Farm Development
County: Scott
Page 3
Urban Renewal Area Number: 00000 (Use five -digit Area Number Assigned by the County Auditor)
11.
12.
13.
14.
15.
Individual TIF Indebtedness Type/Description/Details:
O'X' this box if a rebate agreement. List administrative details on fines above.
O'X' this box if a rebate agreement. List administrative details on fines above.
❑'X' this box if a rebate agreement. List administrative details on fines above.
0'X' this box if a rebate agreement. List administrative details on fines above.
Date Approved*:
O'X' this box if a rebate agreement. List administrative details on lines above.
If more indebtedness entry lines are needed continue to Form 1.1 Page 4.
Total For City TIF Form 1.1 Page 3:
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
Total Amount:
0
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Riverdale
Urban Renewal Area Name: Welch Farm Development
County: Scott
Page 4
Urban Renewal Area Number: 00000 (Use five -digit Area Number Assigned by the County Auditor)
16.
17.
18.
19.
20.
Individual TIF indebtedness Type/Description/Details:
n 'X' this box if a rebate agreement. List administrative details on lines above.
• this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
Total Amount:
Total For City TIF Form 1.1 Page 4: 0
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Riverdale
Urban Renewal Area Name: Welch Farm Development
County: Scott
Page 5
Urban Renewal Area Number: 00000 (Use five -digit Area Number Assigned by the County Auditor)
21
22
23
24
25
Individual TIF Indebtedness Type/Description/Details:
D'X' this box if a rebate agreement. List administrative details on lines above.
E'X' this box if a rebate agreement. List administrative details on lines above.
O'X' this box if a rebate agreement. List administrative details on lines above.
E'X' this box if a rebate agreement. List administrative details on lines above.
❑'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
Total Amount:
Total For City TIF Form 1.1 Page 5: 0
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Riverdale County: Scott
Urban Renewal Area Name: Welch Farm Development
Urban Renewal Area Number: 00000 (Use five -digit Area Number Assigned by the County Auditor)
26
27
28
29
30
Individual TIF Indebtedness Type/Description/Details:
f'X'this box if a rebate agreement. List administrative details on lines above.
O'X'this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
O'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
Page
Total Amount:
Total For City TIF Form 1.1 Page 6: 0
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Riverdale County: Scott
Urban Renewal Area Name: Welch Farm Development
Urban Renewal Area Number: 00000 (Use five -digit Area Number Assigned by the County Auditor)
31
32
33
34
35
Individual TIF Indebtedness Type/Description/Details:
El'X' this box if a rebate agreement. List administrative details on lines above.
El'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
Page 7
!Total Amount:
Total For City TIF Form 1.1 Page 7; 0
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION
TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR
City: Riverdale
Urban Renewal Area Name: Welch Farm Development
County: Scott
Page 8
Urban Renewal Area Number: 00000 (Use five -digit Area Number Assigned by the County Auditor)
36
37
38
39
40
Individual TIF Indebtedness Type/Description/Details:
[]'X'this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above,
this box if a rebate agreement. List administrative details on lines above.
El'X' this box if a rebate agreement. List administrative details on lines above.
D'X' this box if a rebate agreement. List administrative details on lines above.
Date Approved*:
Total Amount:
Total For City TIF Form 1.1 Page 8: 0
* "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.
CITY TIF FORM 2
SPECIFIC DOLLAR REQUEST FOR AVAILABLE TIF INCREMENT TAX FOR NEXT FISCAL YEAR
CERTIFICATION TO COUNTY AUDITOR
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
City: Riverdale County: Scott
Urban Renewal Area Name: Welch Farm Development
Urban Renewal Area Number: 00000 (Use five -digit Area Number Assigned by the County Auditor)
I hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City
and County named above, the City requests less than the maximum legally available TIF increment tax as detailed
below.
Provide sufficient detail so that the County Auditor will know how to specifically administer your request. For
example you may have multiple indebtedness certifications in an Urban Renewal Area, and want the maximum
tax for rebate agreement property that the County has segregated into separate taxing districts, but only want
a portion of the available increment tax from the remainder of the taxing districts in the Area.
Specific Instructions To County Auditor For Administering The Request That This
Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Tax:
Woods Construction & Development inc. Rebate Agreement
LMI on Development Agreement
Amount of TIF Requested to meet current Obligations
Dated this 22nd day of
Amount
Requested:
12,711
15,379
28,090
November 2021
(563)355-2511
Signature of Authorized Official Telephone
CITY TIF FORM 3
TIF INDEBTEDNESS HAS BEEN REDUCED BY REASON OTHER THAN APPLICATION OF
TIF INCREMENT TAX RECEIVED FROM THE COUNTY TREASURER
CERTIFICATION TO COUNTY AUDITOR
Use One Certification Per Urban Renewal Area
City: Riverdale County: Scott
Urban Renewal Area Name: Welch Farm Development
Urban Renewal Area Number: 00000 (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 reduced previously certified indebtedness, by reason other than application of TIF increment tax received
from the County Treasurer, by the total amount as shown below.
Provide sufficient detail so that the County Auditor will know how to specially administer your request. For example,
you could have multiple indebtedness certifications in the Urban Renewal Area, and the County Auditor would need
to know which particular indebtedness certifcation(s) to reduce. If rebate agreements are involved with a reduction,
and the County has segregated the rebate property into separate TIF Increment taxing districts, provide the five -digit
county increment taxing district numbers for reference.
Individual TIF Indebtedness Type/Description/Details:
Amount
Reduced:
Total Reduction In Indebtedness For This Urban Renewal Area: 0
Dated this 23rd day of
November 2021
(563)355-2511
Signature of Authorized Official Telephone
City of Riverdale, Iowa
TIF Cash Flow for Welch Farm Development Urban Renewal Area
(Moods Esintex Development
.~.•2Yearcus Fiscal Year
Phase. 1.112_ Phase 3 Phase 4 Phase 9 Phase 6 'fntal Operating
lnrru,I Increment Increment Increment Increment Incrmt Tax Rale
J. 1. 2019 2020 2021 0
Jan 1.2020 2921 2022
Jan 1, 2021 2022 2023 1 !.820.884
Jan 1,2022 2023 2024 2 1 820.884
Jan 1,2023 2024 2025 3 1,820,884
Jan 1,2024 2025 2026 a 1,820.884
Jon 1, 2025 2026 2027 3 1,820.884
Jan 1.2026 2027 2028 6 1.820884
Jan 1, 2027 2028 2029 7 1,820.004
Jan 1.2028 2029 2030 8 1,820,884
Jan 1.2029 2030 2031 9 1,820.884
San 1. 21130 2031 - 223_2_ 10_ 1_820.884
Jalr 1.2041 2032 - 2033 11 __ 0
Jan 1.2032 2033 - 2034 11 0 0 6.597,478 5.750,792 6,659,323
Jan 1.2033 2034 - 2035 13 0 0 _ 0 5,750,792 6,659,323
Inn 1.2034 2035 - 2036 14 0 0 0 0 6,659,323
Jan 1,2035 2036 - 2037 15 0 0 0 0 0
Jan 1.2036 2037 - 2038 16 0 0 0 0 0
Jan 1.2037 2038 - 2039 17 0 0 0 9 0
Jan 1,2038 2039 - 2040 18 0 0 0 0 0
Jan 1.2039 2040 - 2041 10 0 0 0 0 0
Jan 1,2040 2041 - 2042 20 0 0 0 0 0
Jan 1.2041 2042 - 2043 21 0 0 0 0 0
0 0 II 0
0 0 0 0
0 0 0 0
8,594,459 0 0 0
8.594.459 6,597,478 0 0
8,394.439 6,597.478 5.750,792 0
8.594,459 6,597478 5,750,792 6,639323
8,594,459 6,397.478 5,750.792 6,659,323
8.594,459 6,597,478 5,750,797 6,659,323
8.594,439 4,397,478 5,730.792 6,659,323
8,594,459 6,597.478 9,750,792 6,659323
8.594.452_ 6_597,478 _5,750,292 6,659,323
8,594,459 6,597,478 5,750.792 6.639323
0
0
1.820.884
10,415,343
17,012,821
22,763,613
29,422.936
29,422.,934
29,472,936
29,422,936
29,422,936
29,422,936
27,602,052
19.007,393
12,410,115
6.659323
0
0
0
0
0
0
0
EXHIBIT I
Bclmnn! Drs'
Prope nirr, Il{'
01,500,,0W
37 69% 7I 1990
22.31705
22.40905
22.40903
22.40905
22.40905
22 40905
27.411905
22.40905
22.411905
22 40905
22.40905
22.40905
22.40905
22.40905
22-40905
22.40903
22.40905
22.40903
22.40905
22.40905
22.40905
22.40905
22,40905
TT F Other Total INI
Rercnue Retennr..s Revenues I Set Aside
0 0
0
40,804
233390
381.241
510,111
659.340
559,.340
6.5)340
639340
659340
659,340
6)8.336__.
425.942
278.099
149,229
0
0
n
0
0
0
0
40,804
253,398
381,241
510,111
659,340
659.340
659,340.
659.340
639,340
_659340
618 -?_36
' 425.942
278,099
149,229
0I
11 1
0
0
UI
01
01
(0) (0) (50,543y (SOj43)I (50,543
I (0) (0) (0)1 0
I (15,379) (12,711) (28,090)' 17,713
(87,968) (72,703) (160,071)! 72.727
(143,690) (118,757) (262,446)1 110.795
1 (192,261) (158,900) (351,160)' 158,95 I
(248,305) (205,384) (453,890)! 205.450
(248,505) (205,304) (453.,890)1 205,450
(248,505) (205,384) 1 (453,890)' 205,450
(248,505) (203,384) i (453,89(1)! 205.450
(248,503) (205384) (453,890)1 205,450
_(248,505) (I10,008) {358,313)' 300,827
{233,126) -- 0 --- - ^(233,126)- 385,416
(160,538) 0 (160,530)1 265.405
(104,815) 0 (104,815)' 173,283
(56,244) 0 (56,244)1 92,98.3
(0) (0)
(0)1 0
(0) (0) (0)' 0
(0) (05 (0)! 0
(0) - (9) (0}I 0
(0) (0) (0)' 0
(0) (0) (0)1 0
(o) (0) I (9)1 0
TIF Other Total TIF ' Surplus I Ending
Rebate Exp _ Expense ! (U4Frcil) I Cush
(50,543)
1 (50,543)
' (37,828)
34,898
I 153,693
' 312,644
518.094
1 723.544
928,995
1,134,445
1,339.896
1.640,723
r2 026,(32
2.291,537
2,464-820
2.557,805
2,557,805
2,557,805
2,557,805
2,557805
2,357,805
2,557,805
2,557.805
Lhl1
Cash
0
15,379
103.347
247,037
439,297
687,803
936,306
1,184,813
1,433,318
1,661,824
1_930,329
2,163,455
2,323,993
2,428,808
2,485,033
2,485.053
2,485,053
2,485,053
2,485,033
2,485,053
2,485,053
2,485,053
Note: Assumes Lida' HAS NOT received consent from affected lasing amines to extend life of T1F district la 15 cars.
Prepared by P1111Financial Advisors LLC
(5,500,000)
11 152021
City of Riverdale, Iowa
Welch Farm Development Urban Renewal Area - Woods Estates Sub -Division
Estimated Build-Ou1 wuh 1110; Assessed and larah/o Valuation
Year Built
Assessment Date
Fiscal Year Paid
# 14'omes Built
Assessd Value Ea
Total Assessed Value
EXHIBIT 2
Phase / & 2 Currently Under Construction
EA] ia ou,.sf Timing of 3 - 6
CV 2020 C% 2021 CV 2022 CY 2023 CY 2024 CY 2025 CY 2026 CY 2027 CY 2028
1/1/2021 11i/2022 1/1/2023 1/1/2024 1/1/2025 1/1/2026 1/1/2027 1/1/2028 1/1/2029
FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
7 35 25 25 24 0 0 0 0
$446 854 $450,000 $450,000 $450,000 $450,000 $450,000 $450.000 $450,000 $450,000
33,127,980 315.750,000 $11,250,000 $11,250,000 $10,800,000 $0 50 $0 $0
FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
Homes by Calendar Year
Parcel # 1 372,540 372,540 372,540 372,540 372,540 372,540 372,540 372,540 372,540
Parcel # 2 593,230 593,230 593,230 593,230 593,230 593,230 593,230 593,230 593,230
Parcel # 176,490 176,490 176,490 176,490 176,490 176,490 176,490 176,490 176,490
Parcel # a 416,640 416,640 416,640 416,640 416,640 416,640 416,640 416,640 416,640
Parcel # 5 551,940 551,940 551,940 551,940 551,940 551,940 551,940 551,940 551,940
Parcel 6 6 448,870 448,870 448,870 448,870 448,870 448,870 448,870 448,870 448,870
Parcel # 7 568,270 568,270 568,270 568,270 568,270 568,270 568,270 568,270 568,270
Parcel # 8 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 9 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # i0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # n 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 32 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 13 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # w 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # _ 15 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # i6 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # i7 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # to 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 19 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 20 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 21 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 6 22 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 23 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 24 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 25 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 26 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel ti 27 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 28 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 29 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 30 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 31 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 32 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 6 33 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 6 34 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 3s 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 56 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # ;r 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 6 38 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 39 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 40 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 6 41 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 42 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 43 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 4 44 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 45 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 6 .w 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 47 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # SS 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 49 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 3o 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 51 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 52 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 53 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 54 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 55 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 56 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 57 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 58 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 59 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 60 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 61 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 62 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 63 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 64 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Prepared by PPM Financial Advisors LLC
11/15/2021
Year Built
Assessment Date
Fiscal Year Paid
# Homes Built
Assessd Value Ea
Total Assessed Value
CY 2020 CY 2021 CY 2022 CY 2023 CY 2024 ('Y 2025 ('Y 2026 C1. 2027 CY 2028
I/1/2021 ]!112022 1/1:2023 1/112024 Ii 1/2025 1, 1,2026 1,1:2027 1.1,2028 1/112029
FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
7 35 25 25 24 0 0 0 0
$446.854 S450.000 $450,000 5450,000 5450,000 $450.000 5450.000 5450,000 $450.000
53.127.980 515,750,000 511.250,000 $11,250,000 $10,800,000 $0 50 $0 $0
FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2(131
Parcel # 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 66 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 67 0 0 450,000 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 68 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 69 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 0 70 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 71 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 9 n 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 73 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 8 74 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 75 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 76 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 77 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 78 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 7s 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 80 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 8 81 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 82 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 9 83 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 84 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 85 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 36 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 87 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # es 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel 89 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 90 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 91 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 92 0 0 0 450,000 450,000 450,000 450,000 450,000 450,000
Parcel # 93 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 94 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 9s 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 96 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel 4 97 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 98 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 9'r 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 100 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 101 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel 4 102 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 103 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 104 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # ios 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 006 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel 8 007 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 108 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 109 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel 8 iv; 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # in 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel # 112 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel 11 us 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel# li4 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel# 115 0 0 0 0 450,000 450,000 450,000 450,000 450,000
Parcel 4 116 0 0 0 0 450 000 450.000 450,000 450,000 450,000
Total Assessed Valuation 3,127,980 18,877,980 30,127,980 41,377,980 52,177,980 52,177,980 52,177,980 52,177,980 52,177,980
City of Riverdale, Iowa
Welch Farm Development Urban Renewal Area - Woods Estates Sub -Division
cat„n,ttt CY 2020 CY 2021 CY 2022 CY 2023 CY 2024 CY 2025 CY 2026 CY 2027 CY 2028
AY 2021 AY 2022 AY 2023 AV 2024 AY 2025 AY 2026 AY 2027 AY 2028 AY 2029
FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
Original Base 5100,000 5100,000 5100,000 5100,000 5100,000 5100,000 5100,000 5100,000 $100,000
Total Valuation 3 127.980 18,877,980 30,127,980 41.377.980 52.177,980 52.177.980 52,177,980 52,177,980 52,177,980
Total Adj. Valuation $3,227,980 $18,977,980 530,227,980 $41,477,980 552,277,980 $52,277,980 $52,277,980 $52,277,980 $52277,980
Rollback 56.409409E 54.88% 56.28%', 54.88% 56.28% 54.88% 56.284 54.88% 56.28%
Taxable Valuation 51,820,884 510,415,343 517,012,821 $22,763,613 $29,422,936 528,690,783 529,422,936 528,690,783 529,422,936
Assmoncn
Fiscal Y
Taxable Base
Taxable Increment
50 SO 50 $0 $0 50 50 50 50
1,820,884 10,415,343 17,012,821 22,763,613 29,422,936 28,690,783 29,422,936 28,690,783 29,422,936
Prepared by PFIVI Financial Advisors LLC
11/15/2021