TIF tax increment rebate
Hightower Development, Inc. (Shamrock Center)
Commercial/industrial park (Shamrock Addition) · Shamrock Addition
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.
Jul 7, 2020approved by the council
$250,000approved as amended As printed
$90,000paid, found in the archive Derived
Approvedstatus
Party: Hightower Development, Inc. · Property: “Shamrock Addition” p. 10 · PDF
Terms as printed
- Approved as amended: “Motion to amend the agreement to a 5-year, not to exceed $250,000 ($50,000 per year) development agreement pending Dorsey & Whitney approval” p. 3 · PDF
- As certified: “Rebate is not to exeed $250,000 for a period beginning June 1, 2024 and continuing through and including June 1, 2028.” p. 2 · PDF
Council actions
| Date | Action | Instrument | Source |
|---|---|---|---|
| Jun 16, 2020 | Hearing set | Res. 2020-055 | p. 1 · meeting |
| Jul 7, 2020 | Agreement approved | Res. 2020-058 | p. 3 · meeting |
Payments found
| Year | Date | Amount As printed | Source | As printed |
|---|---|---|---|---|
| FY2024 | — | $45,000.00 | Annual Urban Renewal Report · p. 10 | Shamrock Addition TIF Expenditure Amount: 45,000 Rebate Paid To: Hightower Development Tied To Debt: Shamrock Addition Tied To Project: Shamrock Addition Projected Final FY of Rebate: 2028 |
| FY2025 | — | $45,000.00 | Annual Urban Renewal Report · p. 9 | Shamrock Addition TIF Expenditure Amount: 45,000 Rebate Paid To: Hightower Development Tied To Debt: Shamrock Addition Tied To Project: Shamrock Addition Projected Final FY of Rebate: 2028 |
Certified to the county
- FY2025 requested: $25,000 — “Hightower Development Rebate for Commercial/Industrial Park Development. Rebate not to exceed $250,000, beginning June 1, 2024 and continuing to and including June 1, 2028.” p. 3
- FY2026 requested: $50,000 — “Hightower Development Rebate for Commercial/Industrial Park Development. Rebate not to exceed $250,000, beginning June 1, 2024 and continuing to and including June 1, 2028.” p. 3
- FY2027 requested: $50,000 — “Hightower Development Rebate for Commercial/Industrial Park Development. Rebate not to exceed $250,000, beginning June 1, 2024 and continuing to and including June 1, 2028.” p. 4
Timeline
- Jun 16, 2020 — Hearing set: Res. 2020-055 (source)
- Jul 7, 2020 — Agreement approved: Res. 2020-058 (source)
Data last updated October 17, 2026. Built from the archive's documents; see how the data is built.