Packet: Special City Council Meeting (11/25/2025)

♦ Annual Urban Renewal Report, Fiscal Year 2024 - 2025 Urban Renewal Area Data Collection Local Government Name: TIFFIN (52G490) Urban Renewal Area: TIFFIN PARK PLACE URBAN RENEWAL AREA UR Area Number: 52033 UR Area Creation Date: 06/2017 Park Place development is a proposed commercial development of the Property including the corresponding construction of infrastructure improvements including Roads, Water and Sewer, Storm Sewer, Sidewalks and Trails UR Area Purpose: for economic development. Increment Base Increment Tax Districts within this Urban Renewal Area No. No. Value Used TIFFIN CITY/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF INCREMENT 520462 520463 10,513,449 TIFFIN CITY AG/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF INCREMENT 520464 520465 9,821 TIFFIN CITY/CLEAR CREEK SCH/TIFFIN PARK PLACE UR TIF 2021 AMENDMENT 520469 520470 5,512,656 INCREMENT Urban Renewal Area Value by Class - 1/1/2023 for FY 2025 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 57,700 21,692,094 6,827,675 0 0 0 28,577,469 0 28,577,469 Taxable 41,451 10,052,723 5,973,382 0 0 0 16,067,556 0 16,067,556 Homestead Credits 0 TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2024 Cash Balance as of 07-01-2024: 1,322,427 0 Restricted for LMI TIF Revenue: 363,554 TIF Sp. Revenue Fund Interest: 0 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 363,554 Rebate Expenditures: 331,773 Non-Rebate Expenditures: 0 Returned to County Treasurer: 0 Total Expenditures: 331,773 TIF Sp. Rev. Fund Cash Balance Amount of 06-30-2025 Cash Balance as of 06-30-2025: 1,354,208 0 Restricted for LMI