staff report memo · K-8

Discussion and Consideration of Appropriating Annual TIF Debt Certification and Council Action as Needed

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CITY TIF FORM 1.1 - To be attached to CITY TIF FORM 1 - INDEBTEDNESS CERTIFICATION Page 1 TIF INDEBTEDNESS NOT PREVIOUSLY CERTIFIED ELIGIBLE FOR TAX COLLECTIONS NEXT FISCAL YEAR City: Tiffin County: Johnson Urban Renewal Area Name: Tiffin Urban Renewal Area Urban Renewal Area Number: 52009 (Use five-digit Area Number Assigned by the County Auditor) Individual TIF Indebtedness Type/Description/Details: Date Approved*: Total Amount: 1. 80/380 LLC., Amended Rebate Agreement for a commercial/industrial 6/17/2025 500,000 development. Rebate is not to exeed $500,000 for a period beginning December 1, 2026 and continuing until balance is paid in full. Rebate is for a infrastructure associated with new road. X 'X' this box if a rebate agreement. List administrative details on lines above. 2. 80/380 LLC., Rebate Agreement for a commercial/industrial development 6/17/2025 600,000 Rebate is not to exceed $600,000 for a period beginning December 1, 2026 and continuing until balance is paid in full. Rebate is for infrastructure associated with new road. X 'X' this box if a rebate agreement. List administrative details on lines above. 3. Honey Lane Development, LLC. Economic development grant for a new 10/4/2025 125,000 commercial/industrial development. Grant is not to exceed $125,000 and will be paid upon the completion and acceptance of public infrastrucre. Public infrastructure to includes extention of streets, water, sewer and storm sewer. 'X' this box if a rebate agreement. List administrative details on lines above. 4. 'X' this box if a rebate agreement. List administrative details on lines above. 5. 'X' this box if a rebate agreement. List administrative details on lines above. If more indebtedness entry lines are needed continue to Form 1.1 Page 2. Total For City TIF Form 1.1 Page 1: 1,225,000 * "Date Approved" is the date that the local governing body initially approved the TIF indebtedness.

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