K-8 - City Indebtedness Certification 2024

TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Tiffin County: Johnson Urban Renewal Area Name: Tiffin Urban Renewal Area Urban Renewal Area Number: 52009 (Use five-digit Area Number Assigned by the County Auditor) <table> <tr> <th>Individual TIF Indebtedness Type/Description/Details:</th> <th>Date Approved*:</th> <th>Total Amount:</th> </tr> <tr> <td>Iowa Development Group, Inc. Rebate Agreement for a commercial/industrial development. Rebate is not to exeed $55,000 for a period beginning June 1, 2026 and continuing through and including June 1, 2032. Rebate is for a new Dentist Office.</td> <td>10/18/2022</td> <td>55,000</td> </tr> <tr> <td>Clear Creek Dog Resort, LLC. Rebate Agreement for a commercial development. Rebate is not to exceed $90,000 for a period beginning December 1, 2025 and continuing through and including June 1, 2031. Rebate is for a new animal daycare facility.</td> <td>7/2/2024</td> <td>90,000</td> </tr> <tr> <td>Honey Lane Development, LLC. Economic development grant for a new commercial/industrial development. Grant is not to exceed $250,000 and will be paid upon the completion and acceptance of public infrastructure. Public infrastructure to include streets, water, sewer and storm sewer.</td> <td>7/2/2024</td> <td>250,000</td> </tr> </table> [X] 'X' this box if a rebate agreement. List administrative details on lines above. [X] 'X' this box if a rebate agreement. List administrative details on lines above. [X] 'X' this box if a rebate agreement. List administrative details on lines above. [X] 'X' this box if a rebate agreement. List administrative details on lines above. [X] '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 2. Total For City TIF Form 1.1 Page 1: 395,000 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.