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 URBAN RENEWAL UR Area Number: 52009 UR Area Creation Date: 10/1993 Guide the officials of the City of Tiffin in promoting their city's community and economic development. The primary goal of this plan is to stimulate private investment through public UR Area Purpose: involvement and commitment. Increment Base Increment Tax Districts within this Urban Renewal Area No. No. Value Used TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR TIF INCREMENT 520126 520127 31,357,464 TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR TIF INCREMENT 520128 520129 0 TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2003 AMENDMENT TIF INCR 520259 520260 1,046,512 TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR 2003 AMENDMENT TIF INCR 520261 520262 0 TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2005 AMEND INCREMENT 520281 520282 18,750,777 TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR 2005 AMEND INCREMENT 520283 520284 0 TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR TIF 2010 AMEND INCR 520327 520328 766,838 TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2014 AMEND INCREMENT 520388 520389 432,318 TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2016 AMEND INCREMENT 520390 520391 3,697,595 TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR 2017 AMEND INCREMENT 520440 520441 0 TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2017 AMEND INCREMENT 520442 520443 4,003,205 TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR TIF 2020 AMENDMENT BASE 520454 520455 0 TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR TIF 2018 AMENDMENT INCREMENT 520456 520457 1,575,984 Urban Renewal Area Value by Class ­ 1/1/2022 for FY 2024 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 99,600 127,177,840 34,891,900 0 0 ­48,152 162,121,188 0 162,121,188 Taxable 91,278 69,502,969 28,484,517 0 0 ­48,152 98,030,612 0 98,030,612 Homestead Credits 302 TIF Sp. Rev. Fund Cash Balance Amount of 07­01­2023 Cash Balance as of 07­01­2023: 1,256,053 0 Restricted for LMI TIF Revenue: 1,707,720 TIF Sp. Revenue Fund Interest: 0 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 1,707,720 Rebate Expenditures: 88,270 Non­Rebate Expenditures: 1,556,786 Returned to County Treasurer: 0 Total Expenditures: 1,645,056