K-4 - Annual Urban Renewal Report 2022-2023

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 for economic development. UR Area Purpose: Tax Districts within this Urban Renewal Area <table> <tr> <th></th> <th>Base No.</th> <th>Increment No.</th> <th>Increment Value Used</th> </tr> <tr> <td>TIFFIN CITY/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF INCREMENT</td> <td>520462</td> <td>520463</td> <td>1,670,995</td> </tr> <tr> <td>TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF INCREMENT</td> <td>520464</td> <td>520465</td> <td>0</td> </tr> <tr> <td>TIFFIN CITY/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF 2021 AMENDMENT INCREMENT</td> <td>520469</td> <td>520470</td> <td>0</td> </tr> </table> Urban Renewal Area Value by Class - 1/1/2021 for FY 2023 <table> <tr> <th></th> <th>Agricultural</th> <th>Residential</th> <th>Commercial</th> <th>Industrial</th> <th>Other</th> <th>Military</th> <th>Total</th> <th>Gas/Electric Utility</th> <th>Total</th> </tr> <tr> <td>Assessed</td> <td>94,500</td> <td>30,500</td> <td>2,333,400</td> <td>0</td> <td>0</td> <td>0</td> <td>5,356,274</td> <td>0</td> <td>5,356,274</td> </tr> <tr> <td>Taxable</td> <td>84,144</td> <td>16,509</td> <td>2,100,060</td> <td>0</td> <td>0</td> <td>0</td> <td>4,048,108</td> <td>0</td> <td>4,048,108</td> </tr> <tr> <td>Homestead Credits</td> <td colspan="9">0</td> </tr> </table> TIF Sp. Rev. Fund Cash Balance as of 07-01-2022: 481 0 Amount of 07-01-2022 Cash Balance Restricted for LMI TIF Revenue: 46,645 TIF Sp. Revenue Fund Interest: 0 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 46,645 Rebate Expenditures: 46,671 Non-Rebate Expenditures: 0 Returned to County Treasurer: 0 Total Expenditures: 46,671 TIF Sp. Rev. Fund Cash Balance as of 06-30-2023: 455 0 Amount of 06-30-2023 Cash Balance Restricted for LMI