K-3 - Annual Urban Renewal Report - FY 2020-2021

Urban Renewal Area Data Collection Local Government Name: TIFFIN (52G490) Urban Renewal Area: TIFFIN URBAN RENEWAL JR Area Number: 52009 JR 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. JR 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 <table> <tr> <th>Base No.</th> <th>Increment No.</th> <th>Increment Value Used</th> </tr> <tr> <td>520126</td> <td>520127</td> <td>29,251,059</td> </tr> <tr> <td>520128</td> <td>520129</td> <td>0</td> </tr> <tr> <td>520259</td> <td>520260</td> <td>887,149</td> </tr> <tr> <td>520261</td> <td>520262</td> <td>0</td> </tr> <tr> <td>520281</td> <td>520282</td> <td>19,096,059</td> </tr> <tr> <td>520283</td> <td>520284</td> <td>0</td> </tr> <tr> <td>520327</td> <td>520328</td> <td>798,146</td> </tr> <tr> <td>520388</td> <td>520389</td> <td>465,078</td> </tr> <tr> <td>520390</td> <td>520391</td> <td>3,332,254</td> </tr> <tr> <td>520440</td> <td>520441</td> <td>0</td> </tr> <tr> <td>520442</td> <td>520443</td> <td>273,920</td> </tr> </table> Urban Renewal Area Value by Class - 1/1/2019 for FY 2021 <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>115,600</td> <td>105,198,600</td> <td>30,115,000</td> <td>0</td> <td>0</td> <td>-51,856</td> <td>135,778,246</td> <td>0</td> <td>135,778,246</td> </tr> <tr> <td>Taxable</td> <td>94,196</td> <td>57,937,348</td> <td>27,103,500</td> <td>0</td> <td>0</td> <td>-51,856</td> <td>85,368,832</td> <td>0</td> <td>85,368,832</td> </tr> <tr> <td>Homestead Credits</td> <td colspan="9">288</td> </tr> </table> TIF Sp. Rev. Fund Cash Balance as of 07-01-2020: 1,011,871 0 Amount of 07-01-2020 Cash Balance Restricted for LMI TIF Revenue: 1,513,060 TIF Sp. Revenue Fund Interest: 863 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 1,513,923 Rebate Expenditures: 62,973 Non-Rebate Expenditures: 1,249,725 Returned to County Treasurer: 0 Total Expenditures: 1,312,698 TIF Sp. Rev. Fund Cash Balance as of 06-30-2021: 1,213,096 0 Amount of 06-30-2021 Cash Balance Restricted for LMI