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 2 SPECIFIC DOLLAR REQUEST FOR AVAILABLE TIF INCREMENT TAX FOR NEXT FISCAL YEAR CERTIFICATION TO COUNTY AUDITOR Due To County Auditor By December 1 Prior To The Fiscal Year Where Less Than The Legally Available TIF Increment Tax Is Requested Use One Certification Per Urban Renewal Area 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) I hereby certify to the County Auditor that for the next fiscal year and for the Urban Renewal Area within the City and County named above, the City requests less than the maximum legally available TIF increment tax as detailed below. Provide sufficient detail so that the County Auditor will know how to specifically administer your request. For example you may have multiple indebtedness certifications in an Urban Renewal Area, and want the maximum tax for rebate agreement property that the County has segregated into separate taxing districts, but only want a portion of the available increment tax from the remainder of the taxing districts in the Area. Specific Instructions To County Auditor For Administering The Request That This Amount Urban Renewal Area Generate Less Than The Maximum Available TIF Increment Tax: Requested: *$2,510,000 General Obligation Annual Appropriation Refunding Bonds, Series 2021A (refinanced 390,800 2015A Bond) FY 2027 Debt Service, 100% retired from TIF proceeds, including $600 paying agent fee. *$5,275,000 General Obligation Corporate Purpose Bonds, Series 2017A. FY 2026 Debt Service, approx 65% 280,767 65% of the total $431,180. FY 2027 DS Payment ($280,267), plus $500 paying agent fee. *$4,500,000 General Obligation Corporate Purpose Bonds, Series 2019A. FY 2027 Debt Service, approx 233,656 50% of the total $466,112. FY 2027 DS Payment ($233,056), plus $600 paying agent fee. *$7,670,000 General Obligation Urban Renewal and Refunding Bonds, Series 2020A. FY 2027 Debt 664,800 Service approx 75% of the total $878,600. FY 2026 DS Payment ($666,200), plus $600 paying agent fee. *$3,565,000 General Obligation Corporate Purpose Bonds, Series 2024A. FY2027 Debt Service approx 295,100 50% of the total $589,000. FY2027 DS Payment ($294,500), plus $600 paying agent fee. *Fareway Stores Inc. Rebate for new grocery store. Rebate for 80%, not to exceed $485,000 for a period 59,106 beginning December 1, 2021 and continuing to and including June 1, 2033. *Hightower Development Rebate for Commercial/Industrial Park Development. Rebate not to exceed 50,000 $250,000, beginning June 1, 2024 and continuing to and including June 1, 2028. Dated this day of , Signature of Authorized Official Telephone

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