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: *Iowa Development Group Rebate for Commercial/Industrial Development. Rebate not to exceed 7,000 $55,000, beginning June 1, 2026 and continuing to and including June 1 2032. *Clear Creek Dog Resort Rebate for Commercial Development. Rebate not to exceed $90,000, 13,173 beginning December 1, 2025 and continuing to and including June 1, 2031. *Honey Lane Development Economic Development Grant for new Commercial/Industrial Development. 50,000 Grant not exceed $250,000. To be paid back over a period of five years beginning December 2025 and continuing to December 1, 2029. *80/380 LLC., Amended Rebate Agreement for a Commercial/Industrial development. Rebate is not to exceed 100,000 $500,000 for a period beginning December 2026 and continuing until balance is paid in full. *80/380 LLC., Rebate Agreement for a commercial/industrial development. Rebate is not to exceed 100,000 $600,000 for a period beginning December 2026 and continuing until balance is paid in full. *Honey Lane Development Economic Development Grant for new Commercial/Industrial Development. 41,667 Grant not exceed $125,000. To be paid back over a period of three years beginning December 2026. Dated this day of , Signature of Authorized Official Telephone

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