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 PARK PLACE URBAN RENEWAL AREA (52033) TIF Taxing District Name: TIFFIN CITY/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF INCREMENT TIF Taxing District Inc. Number: 520463 UR Designation TIF Taxing District Base Year: 2020 Slum No FY TIF Revenue First Received: 2022 Blighted No Subject to a Statutory end date? No Economic Development 01/2019 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 9,796,706 6,827,675 0 0 0 16,624,381 0 16,624,381 Taxable 0 4,540,067 5,973,382 0 0 0 10,513,449 0 10,513,449 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2025 88,321 10,513,449 10,513,449 0 0 FY 2025 TIF Revenue Received: 240,051 TIF Taxing District Data Collection Local Government Name: TIFFIN (52G490) Urban Renewal Area: TIFFIN PARK PLACE URBAN RENEWAL AREA (52033) TIF Taxing District Name: TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF INCREMENT TIF Taxing District Inc. Number: 520465 UR Designation TIF Taxing District Base Year: 2020 Slum No FY TIF Revenue First Received: 0 Blighted No Subject to a Statutory end date? No Economic Development 01/2019 TIF Taxing District Value by Class - 1/1/2023 for FY 2025 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 57,700 0 0 0 0 0 57,700 0 57,700 Taxable 41,451 0 0 0 0 0 41,451 0 41,451 Homestead Credits 0 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2025 47,879 9,821 9,821 0 0 FY 2025 TIF Revenue Received: 208