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TIF development agreement (tax increment payments)

Fareway Stores, Inc.

Grocery store · 500 Croell Avenue

Unofficial register compiled from the ordinances, resolutions, minutes, certifications and urban renewal reports in this archive. Every figure is as printed, with its page. Payments are the ones the archive shows (state reports from FY2021, claims lists and payables lists); a year or payment the archive does not hold is missing, so totals here are a lower bound. The City of Tiffin's records govern.

Jan 16, 2018approved by the council
$485,000as certified As printed
$140,997paid, found in the archive Derived
Approvedstatus

Party: Fareway Stores, Inc. · Property: “500 Croell Avenue” p. 9 · PDF

Terms as printed

  • As certified: “Rebate for 80%, not to exceed $485,000 for a period beginning December 1, 2021 and continuing to and including June 1, 2033.” p. 4 · PDF
  • As reported to the state: “12 year rebate for new grocery store” p. 5 · PDF

Council actions

DateActionInstrumentSource
Jan 2, 2018Hearing setRes. 2018-135p. 4 · meeting
Jan 16, 2018Agreement approvedRes. 2018-001p. 1 · meeting

From the minutes

  • December 5, 2017 — Fareway announces the property is under contract for a store to be built in mid-2018.
    “Announced property under contract to construct store in the middle of 2018.” p. 3 · PDF

Payments found

YearDateAmount As printedSourceAs printed
FY2023—$54,508.00Annual Urban Renewal Report · p. 9500 Croell Avenue TIF Expenditure Amount: 54,508 Rebate Paid To: Fareway Stores, Inc Tied To Debt: Fareway Stores, Inc Tied To Project: Fareway Stores, Inc Projected Final FY of Rebate: 2033
FY2024—$27,254.00Annual Urban Renewal Report · p. 10500 Croell Avenue TIF Expenditure Amount: 27,254 Rebate Paid To: Fareway Stores, Inc Tied To Debt: Fareway Stores, Inc Tied To Project: Fareway Stores, Inc Projected Final FY of Rebate: 2033
FY2025—$59,235.00Annual Urban Renewal Report · p. 9500 Croell Avenue TIF Expenditure Amount: 59,235 Rebate Paid To: Fareway Stores, Inc Tied To Debt: Fareway Stores, Inc Tied To Project: Fareway Stores, Inc Projected Final FY of Rebate: 2033

Certified to the county

  • FY2023 requested: $68,220 — “Fareway Stores Inc. Rebate for new grocery store. Rebate for 80%, not to exceed $485,000 for a period beginning December 1, 2021 and continuing to and including June 1, 2033.” p. 4
  • FY2025 requested: $53,324 — “Fareway Stores Inc. Rebate for new grocery store. Rebate for 80%, not to exceed $485,000 for a period beginning December 1, 2021 and continuing to and including June 1, 2033.” p. 3
  • FY2026 requested: $60,330 — “Fareway Stores Inc. Rebate for new grocery store. Rebate for 80%, not to exceed $485,000 for a period beginning December 1, 2021 and continuing to and including June 1, 2033.” p. 3
  • FY2027 requested: $59,106 — “Fareway Stores Inc. Rebate for new grocery store. Rebate for 80%, not to exceed $485,000 for a period beginning December 1, 2021 and continuing to and including June 1, 2033.” p. 4

Timeline

  1. Dec 5, 2017 — Fareway announces the property is under contract for a store to be built in mid-2018. (source)
  2. Jan 2, 2018 — Hearing set: Res. 2018-135 (source)
  3. Jan 16, 2018 — Agreement approved: Res. 2018-001 (source)

Data last updated October 17, 2026. Built from the archive's documents; see how the data is built.