K-4 - Annual Urban Renewal Report 2022-2023

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 involvement and commitment. UR Area Purpose: Tax Districts within this Urban Renewal Area TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR TIF INCREMENT TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR TIF INCREMENT TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2003 AMENDMENT TIF INCR TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR 2003 AMENDMENT TIF INCR TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2005 AMEND INCREMENT TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR 2005 AMEND INCREMENT TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR TIF 2010 AMEND INCR TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2014 AMEND INCREMENT TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2016 AMEND INCREMENT TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR 2017 AMEND INCREMENT TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2017 AMEND INCREMENT TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN UR TIF 2020 AMENDMENT BASE TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR TIF 2018 AMENDMENT INCREMENT <table> <tr> <th>Base No.</th> <th>Increment No.</th> <th>Increment Value Used</th> </tr> <tr> <td>520126</td> <td>520127</td> <td>29,169,625</td> </tr> <tr> <td>520128</td> <td>520129</td> <td>0</td> </tr> <tr> <td>520259</td> <td>520260</td> <td>973,467</td> </tr> <tr> <td>520261</td> <td>520262</td> <td>0</td> </tr> <tr> <td>520281</td> <td>520282</td> <td>17,044,288</td> </tr> <tr> <td>520283</td> <td>520284</td> <td>0</td> </tr> <tr> <td>520327</td> <td>520328</td> <td>741,244</td> </tr> <tr> <td>520388</td> <td>520389</td> <td>431,936</td> </tr> <tr> <td>520390</td> <td>520391</td> <td>4,045,247</td> </tr> <tr> <td>520440</td> <td>520441</td> <td>0</td> </tr> <tr> <td>520442</td> <td>520443</td> <td>3,735,366</td> </tr> <tr> <td>520454</td> <td>520455</td> <td>0</td> </tr> <tr> <td>520456</td> <td>520457</td> <td>1,492,478</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>109,600</td> <td>123,205,600</td> <td>33,214,000</td> <td>0</td> <td>0</td> <td>-50,004</td> <td>156,889,036</td> <td>0</td> <td>156,889,036</td> </tr> <tr> <td>Taxable</td> <td>97,590</td> <td>66,691,436</td> <td>29,892,600</td> <td>0</td> <td>0</td> <td>-50,004</td> <td>96,892,895</td> <td>0</td> <td>96,892,895</td> </tr> <tr> <td>Homestead Credits</td> <td colspan="9">298</td> </tr> </table> TIF Sp. Rev. Fund Cash Balance as of 07-01-2022: 1,240,576 0 Amount of 07-01-2022 Cash Balance Restricted for LMI TIF Revenue: 1,608,320 TIF Sp. Revenue Fund Interest: 0 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 1,608,320 Rebate Expenditures: 78,427 Non-Rebate Expenditures: 1,420,982 Returned to County Treasurer: 0 Total Expenditures: 1,499,409 TIF Sp. Rev. Fund Cash Balance as of 06-30-2023: 1,349,487 0 Amount of 06-30-2023 Cash Balance Restricted for LMI