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 Levy Authority Summary Local Government Name: TIFFIN Local Government Number: 52G490 U.R. # of Tif Taxing Active Urban Renewal Areas # Districts TIFFIN URBAN RENEWAL 52009 13 TIFFIN PARK PLACE URBAN RENEWAL AREA 52033 3 TIF Debt Outstanding: 30,799,840 TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2024 Cash Balance as of 07-01-2024: 2,641,144 0 Restricted for LMI TIF Revenue: 2,056,495 TIF Sp. Revenue Fund Interest: 0 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 2,056,495 Rebate Expenditures: 443,919 Non-Rebate Expenditures: 1,559,897 Returned to County Treasurer: 0 Total Expenditures: 2,003,816 TIF Sp. Rev. Fund Cash Balance Amount of 06-30-2025 Cash Balance as of 06-30-2025: 2,693,823 0 Restricted for LMI Year-End Outstanding TIF Obligations, Net of TIF Special Revenue Fund Balance: 26,102,201