Minutes-9/18/1997

T.I.F. REVENUES AVAILABLE TO CITY OF TIFFIN IN FY1999 (7/98 - 6/99) <table> <tr> <th>TIF Name</th> <th>Base Year</th> <th>Tax Type</th> <th>Actual Value (1)</th> <th>Rollback Factor (2)</th> <th>Taxable Value</th> <th>Levy Per $1,000 (3)</th> <th>Tax Increment</th> </tr> <tr> <td>1993 Urban Renewal</td> <td>1992</td> <td>residential</td> <td>$6,343,000</td> <td>55%</td> <td>$3,488,650</td> <td>$23.50</td> <td>$81,983</td> </tr> <tr> <td>1993 Urban Renewal</td> <td>1992</td> <td>commercial</td> <td>$0</td> <td>100%</td> <td>$0</td> <td>$23.50</td> <td>$0</td> </tr> <tr> <td>1993 Urban Renewal</td> <td>1992</td> <td>ag land</td> <td>$5,000</td> <td>100%</td> <td>$5,000</td> <td>$16.00</td> <td>$80</td> </tr> <tr> <td>1993 Urban Renewal</td> <td>1992</td> <td>ag bldg</td> <td>$960</td> <td>100%</td> <td>$960</td> <td>$16.00</td> <td>$15</td> </tr> <tr> <td>1995 UR Addition</td> <td>1995</td> <td>residential</td> <td>$0</td> <td>55%</td> <td>$0</td> <td>$23.50</td> <td>$0</td> </tr> <tr> <td>1995 UR Addition</td> <td>1995</td> <td>commercial</td> <td>$625,000</td> <td>100%</td> <td>$625,000</td> <td>$23.50</td> <td>$14,688</td> </tr> <tr> <td>1995 UR Addition</td> <td>1995</td> <td>ag land</td> <td>$0</td> <td>100%</td> <td>$0</td> <td>$16.00</td> <td>$0</td> </tr> <tr> <td>1995 UR Addition</td> <td>1995</td> <td>ag bldg</td> <td>$0</td> <td>100%</td> <td>$0</td> <td>$16.00</td> <td>$0</td> </tr> <tr> <th>TOTALS</th> <th></th> <th></th> <th>$6,973,960</th> <th></th> <th>$4,119,610</th> <th></th> <th>$96,766</th> </tr> </table> NOTES: (1) Estimated Values of Improvements on Record as of 8/97. (2) Conservative Calculation Rollbacks for FY1999. (3) Assumes FY98 Levies less Bonded Debts for School and City. Hart-Frederick Consultants P.C. - Coralville, Iowa