Discussion and Consideration of Annual Urban Renewal Report for FY 2024-2025 and Council Action as Needed

♣ Annual Urban Renewal Report, Fiscal Year 2024 - 2025 TIF Taxing District Data Collection Local Government Name: TIFFIN (52G490) Urban Renewal Area: TIFFIN URBAN RENEWAL (52009) TIF Taxing District Name: TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR TIF 2010 AMEND INCR TIF Taxing District Inc. Number: 520328 TIF Taxing District Base Year: 2009 UR Designation FY TIF Revenue First Received: 2011 Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 06/2009 statutorily ends: 2029 TIF Taxing District Value by Class - 1/1/2023 for FY 2025 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 1,445,700 0 0 0 1,445,700 0 1,445,700 Taxable 0 0 1,235,644 0 0 0 1,235,644 0 1,235,644 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2025 12,221 1,235,644 741,321 494,323 13,466 FY 2025 TIF Revenue Received: 20,195 TIF Taxing District Data Collection Local Government Name: TIFFIN (52G490) Urban Renewal Area: TIFFIN URBAN RENEWAL (52009) TIF Taxing District Name: TIFFIN CITY/CLEAR CREEK SCH/TIFFIN UR 2014 AMEND INCREMENT TIF Taxing District Inc. Number: 520389 UR Designation TIF Taxing District Base Year: 2013 Slum No FY TIF Revenue First Received: 2016 Blighted No Subject to a Statutory end date? No Economic Development 10/2015 TIF Taxing District Value by Class - 1/1/2023 for FY 2025 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 854,000 0 0 0 854,000 0 854,000 Taxable 0 0 703,114 0 0 0 703,114 0 703,114 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2025 1,500 703,114 421,818 281,296 7,663 FY 2025 TIF Revenue Received: 11,491