K-9 - Annual Urban Renewal Report - FY 2023-2024

♦ Annual Urban Renewal Report, Fiscal Year 2023 ­ 2024 Urban Renewal Area Data Collection Local Government Name: TIFFIN (52G490) Urban Renewal Area: TIFFIN PARK PLACE URBAN RENEWAL AREA UR Area Number: 52033 UR Area Creation Date: 06/2017 Park Place development is a proposed commercial development of the Property including the corresponding construction of infrastructure improvements including Roads, Water and Sewer, Storm Sewer, Sidewalks and Trails UR Area Purpose: for economic development. Increment Base Increment Tax Districts within this Urban Renewal Area No. No. Value Used TIFFIN CITY/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF INCREMENT 520462 520463 2,747,950 TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF INCREMENT 520464 520465 704 TIFFIN CITY/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF 2021 AMENDMENT 520469 520470 2,819,453 INCREMENT Urban Renewal Area Value by Class ­ 1/1/2022 for FY 2024 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 92,400 6,032,149 3,656,100 0 0 0 9,780,649 0 9,780,649 Taxable 84,678 3,296,576 3,180,057 0 0 0 6,561,311 0 6,561,311 Homestead Credits 0 TIF Sp. Rev. Fund Cash Balance Amount of 07­01­2023 Cash Balance as of 07­01­2023: 455 0 Restricted for LMI TIF Revenue: 154,279 TIF Sp. Revenue Fund Interest: 0 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 154,279 Rebate Expenditures: 151,024 Non­Rebate Expenditures: 0 Returned to County Treasurer: 0 Total Expenditures: 151,024 TIF Sp. Rev. Fund Cash Balance Amount of 06­30­2024 Cash Balance as of 06­30­2024: 3,710 0 Restricted for LMI