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Home My WebLink AboutRESOLUTION NO. 2016-108 RESOLUTION NO. 2016-108 RESOLUTION APPROVING ANNUAL URBAN RENEWAL REPORT FOR FISCAL YEAR 2015-2016 WHEREAS,the City of Fairfax is required to prepare and submit an Annual Urban Renewal Report. NOW, 17HERE FORE BE IT RESOLVED, by the City Council of the City of Fairfax, Iowa: Section 1. The Council has reviewed this report. Section 2. The City Clerk is directed to submit this report to the State of Iowa before the deadline of December 1, 2016. BE IT FURTHER RESOLVED, by the City Council of Fairfax, Iowa, that the Mayor and the City Clerk are hereby authorized and directed to execute said Resolution. Passed and approved this I I"'day of October, 2016, AYES: Daly, Beer, Volk, and Wainwright NAYS: None ABSENT: Kell Burnell G. Frieden, Mayor ATTEST: "Y/' V t Cynthia Stimson, City ClerldTreasurer A�l Z7 J < 00 ....IWO' Levy Authority Summary Local Government Name: FAIRFAX Local Government Number: 57G544 U.R. #of Tif Active Urban Renewal Areas # Taxing Districts FAIRFAX URBAN RENEWAL 57050 10 TIF Debt Outstanding: 9,823,956 ............................................................................................................................................................................................................ TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2015 Cash Balance as of 07-01-2015: 14,994 0 Restricted for LMI TIF Revenue: 992,826 TIF Sp. Revenue Fund Interest: 625 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 993,451 Rebate Expenditures: 0 Non-Rebate Expenditures: 934,006 Returned to County Treasurer: 0 Total Expenditures: 934,006 Tom° y Mau, .. RetrdCrr LSI ......r°.........s ..................r ...................I...................... ................... ........................... :a ........r .......r. .......a..�:::::::! ........L.rr�rrrrrr...rrc Year-End Outstanding TIF Obligations, Net of TIF Special Revenue Fund Balance: 8,815,511 Created: Tue Oct 11 14:58:59 CDT 2016 Page 1 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 Urban Renewal Area Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL UR Area Number: 57050 UR Area Creation Date: 11/1998 This UR Plan was developed to help local officials promote economic development in Fairfax. Primary goal is to stimulate, through public involvement & committment, private investment in new & expanding commercial, industrial, & residential UR Area Purpose: development. Base Increment Increment Tax Districts within this Urban Renewal Area No. No. Value Used FAIRFAX CITY/COLLEGE SCH/ INCR 57379 57380 18,655,449 FAIRFAX CITY AG/COLLEGE SCH/ INCR 57381 57382 0 FAIRFAX CITY/COLLEGE SCH/ 41 INCR 57440 57441 8,290,328 FAIRFAX CITY AG/COLLEGE SCH/ #1 INCR 57442 57443 0 FAIRFAX CITY/COLLEGE SCH/ 42 INCR 57624 57625 8,620,335 FAIRFAX CITY AG/COLLEGE SCH/ #2 INCR 57626 57627 0 FAIRFAX CITY/COLLEGE SCH/ 43 INCR 57720 57721 268,699 FAIRFAX TWP/COLLEGE SCH/FAIRFAX 2013 # 4 TIF INCREM 57738 57739 0 FAIRFAX CITY/COLLEGE SCH/ 44 TIF INCR 57740 57741 0 FAIRFAX CITY AG/COLLEGE SCH/ #4 TIF INCREM 57742 57743 0 Urban Renewal Area Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 443,600 152,559,400 16,127,700 343,100 0 -200,016 169,273,784 0 1 ,277$ Taxable 198,299 85,026,666 14,514,930 308,790 0 -200,016 99,848,669 0 9 , 45 Homestead Credits TIF Sp. Rev. Fund Cash Balance Amount of 07-01-2015 Cash Balance as of 07-01-2015: 14,994 0 Restricted for LMI TIF Revenue: 992,826 TIF Sp. Revenue Fund Interest: 625 Property Tax Replacement Claims 0 Asset Sales & Loan Repayments: 0 Total Revenue: 993,451 Rebate Expenditures: 0 Non-Rebate Expenditures: 934,006 Returned to County Treasurer: 0 Total Expenditures: 934,006 p .; gg Ampuot orf 4 411h „n1 C / 74,4 tl Retra�e� f Ll � Created: Tue Oct 11 14:58:59 CDT 2016 Page 2 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 Projects For FAIRFAX URBAN RENEWAL WWTF Project 2008B Description: waste water treatment facilty project Classification: Water treatment plants, waste treatment plants & lagoons Physically Complete: Yes Payments Complete: No Sanitary Sewer Improvements 2008A Description: sanitary sewer system improvements Classification: Roads, Bridges & Utilities Physically Complete: Yes Payments Complete: No Water Main Replacement 2009 Description: water main replacment Classification: Roads, Bridges & Utilities Physically Complete: Yes Payments Complete: No Remote Meter Read Program Description: remote meter read program Classification: Roads, Bridges & Utilities Physically Complete: Yes Payments Complete: No Library Improvements Description: library building improvements Classification: Municipal and other publicly-owned or leased buildings Physically Complete: Yes Payments Complete: No Park & Athletic Fields new park with athletic fields, trail,playground, and Description: building Recreational facilities (lake development,parks, ball fields, Classification: trails) Physically Complete: Yes Payments Complete: No Drainage Improvements 2009 Description: drainage improvements Classification: Roads, Bridges & Utilities Created: Tue Oct 11 14:58:59 CDT 2016 Page 3 of 15 Physically Complete: Yes Payments Complete: No WWTF Project 2008A Description: waste water treatment facily project Classification: Water treatment plants, waste treatment plants & lagoons Physically Complete: Yes Payments Complete: No Sewer System Improvements 2004 Description: sanitary sewer system improvements Classification: Roads, Bridges & Utilities Physically Complete: Yes Payments Complete: No WWTF Project 2005 Description: waste water treatment facility project Classification: Water treatment plants, waste treatment plants & lagoons Physically Complete: Yes Payments Complete: No Water Main Replacement 2011 Description: water main replacement Classification: Roads, Bridges & Utilities Physically Complete: No Payments Complete: No Water Main Replacement 2012 Description: water main replacement Classification: Roads, Bridges & Utilities Physically Complete: Yes Payments Complete: No Sanitary Sewer & Water Extensions Description: sewer and water lines extensions Classification: Roads, Bridges & Utilities Physically Complete: Yes Payments Complete: No Parking Lot Improvements Description: parking lot improvements Recreational facilities (lake development,parks, ball fields, Classification: trails) Physically Complete: Yes Payments Complete: No Created: Tue Oct 11 14:58:59 CDT 2016 Page 4 of 15 Administrative Fees Description: loan processing fees Classification: Administrative expenses Physically Complete: No Payments Complete: No East Cemetery Rd Area Improvements Phase 1 Description: water and sewer extension and drainage improvements Classification: Roads, Bridges & Utilities Physically Complete: No Payments Complete: No East Cemetery Rd Area Improvements Phase 2 Description: drainage improvements, street reconsturction Classification: Roads, Bridges & Utilities Physically Complete: No Payments Complete: No Trail Project 2014 Description: trail with pedestrian bridge Recreational facilities (lake development,parks, ball fields, Classification: trails) Physically Complete: No Payments Complete: No Vanderbilt, WM, UV, FD, & Dev Description: street, water, & sewer improv, fire truck, dev planing Classification: Roads, Bridges & Utilities Physically Complete: No Payments Complete: No Created: Tue Oct 11 14:58:59 CDT 2016 Page 5 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 Debts/Obligations For FAIRFAX URBAN RENEWAL $560,000 GO, Series 2008A Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 145,000 Interest: 8,500 Total: 153,500 Annual Appropriation?: No Date Incurred: 03/11/2008 FY of Last Payment: 2018 $790,000 GO, Series 2009 Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 458,000 Interest: 67,076 Total: 525,076 Annual Appropriation?: No Date Incurred: 03/24/2009 FY of Last Payment: 2021 $139,000 GO, SRF Series 2010 Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 72,160 Interest: 16,568 Total: 88,728 Annual Appropriation?: No Date Incurred: 02/10/2010 FY of Last Payment: 2029 $540,000 GO, Series 2011 Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 390,000 Interest: 52,898 Total: 442,898 Annual Appropriation?: No Date Incurred: 05/12/2011 FY of Last Payment: 2022 $590,000 GO, Series 2012 Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 285,000 Interest: 12,703 Total: 297,703 Annual Appropriation?: No Date Incurred: 06/26/2012 FY of Last Payment: 2020 Created: Tue Oct 11 14:58:59 CDT 2016 Page 6 of 15 $2,260,000 GO, Series 2001B Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 1,735,000 Interest: 227,070 Total: 1,962,070 Annual Appropriation?: No Date Incurred: 11/10/2011 FY of Last Payment: 2024 $2,485,000 GO, Series 2013 Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 2,065,000 Interest: 309,183 Total: 2,374,183 Annual Appropriation?: No Date Incurred: 09/10/2013 FY of Last Payment: 2025 $1,330,000 GO, Series 2014 Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 1,330,000 Interest: 213,475 Total: 1,543,475 Annual Appropriation?: No Date Incurred: 04/08/2014 FY of Last Payment: 2027 Administrative Expenses Debt/Obligation Type: Internal Loans Principal: 34,495 Interest: 0 Total: 34,495 Annual Appropriation?: No Date Incurred: 04/08/2014 FY of Last Payment: 2029 $2,080,000 GO, Series 2015 Debt/Obligation Type: Gen. Obligation Bonds/Notes Principal: 2,080,000 Interest: 321,828 Total: 2,401,828 Annual Appropriation?: No Date Incurred: 06/10/2015 FY of Last Payment: 2028 Created: Tue Oct 11 14:58:59 CDT 2016 Page 7 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 Non-Rebates For FAIRFAX URBAN RENEWAL TIF Expenditure Amount: 79,930 Tied To Debt: $560,000 GO, Series 2008A Tied To Project: Sanitary Sewer Improvements 2008A TIF Expenditure Amount: 85,947 Tied To Debt: $790,000 GO, Series 2009 Tied To Project: Water Main Replacement 2009 TIF Expenditure Amount: 6,265 Tied To Debt: $139,000 GO, SRF Series 2010 Tied To Project: Remote Meter Read Program TIF Expenditure Amount: 61,810 Tied To Debt: $540,000 GO, Series 2011 Tied To Project: Library Improvements TIF Expenditure Amount: 63,840 Tied To Debt: $590,000 GO, Series 2012 Tied To Project: Water Main Replacement 2011 TIF Expenditure Amount: 215,890 Tied To Debt: $2,260,000 GO, Series 2001B Tied To Project: Water Main Replacement 2012 TIF Expenditure Amount: 600 Tied To Debt: $560,000 GO, Series 2008A Tied To Project: Administrative Fees TIF Expenditure Amount: 545 Tied To Debt: $790,000 GO, Series 2009 Tied To Project: Administrative Fees TIF Expenditure Amount: 180 Tied To Debt: $139,000 GO, SRF Series 2010 Tied To Project: Administrative Fees TIF Expenditure Amount: 500 Tied To Debt: $540,000 GO, Series 2011 Tied To Project: Administrative Fees TIF Expenditure Amount: 381 Tied To Debt: $590,000 GO, Series 2012 Tied To Project: Administrative Fees TIF Expenditure Amount: 500 Tied To Debt: $2,260,000 GO, Series 2001B Tied To Project: Administrative Fees TIF Expenditure Amount: 240,343 Created: Tue Oct 11 14:58:59 CDT 2016 Page 8 of 15 Tied To Debt: $2,485,000 GO, Series 2013 Tied To Project: East Cemetery Rd Area Improvements Phase 1 TIF Expenditure Amount: 500 Tied To Debt: $2,485,000 GO, Series 2013 Tied To Project: Administrative Fees TIF Expenditure Amount: 1,589 Tied To Debt: $2,080,000 GO, Series 2015 Tied To Project: Administrative Fees TIF Expenditure Amount: 129,727 Tied To Debt: $1,330,000 GO, Series 2014 Tied To Project: East Cemetery Rd Area Improvements Phase 2 TIF Expenditure Amount: 500 Tied To Debt: $1,330,000 GO, Series 2014 Tied To Project: Administrative Fees TIF Expenditure Amount: 44,959 Tied To Debt: $2,080,000 GO, Series 2015 Tied To Project: Vanderbilt, WM, UV, FD, & Dev Created: Tue Oct 11 14:58:59 CDT 2016 Page 9 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 Linn County informed us of a correction for FY2015 after the annual reporting was completed. This additional revenue has been shown in this fiscal year. It was a correction of$11,529. 256 Characters Left Sum of Private Investment Made Within This Urban Renewal Area during FY 2016 Created: Tue Oct 11 14:58:59 CDT 2016 Page 10 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX CITY/COLLEGE SCH/ INCR TIF Taxing District Inc. Number: 57380 TIF Taxing District Base Year: 1997 FY TIF Revenue First Received: 2000 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 11/1998 statutorily ends: 2020 TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 64,158,000 15,059,800 343,100 0 -94,452 79,466,448 0 79/A/ 4 Taxable 0 35,757,494 13,553,820 308,790 0 -94,452 49,525,652 0 40/,x , Homestead Credits 2 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 7,010,753 49,525,652 18,655,449 30,870,203 819,357 FY 2016 TIF Revenue Received: 507,030 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX CITY AG/COLLEGE SCH/ INCR TIF Taxing District Inc. Number: 57382 TIF Taxing District Base Year: 1997 FY TIF Revenue First Received: 2000 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 11/1998 statutorily ends: 2020 TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 130,100 0 0 0 0 0 130,100 0Zlb" Taxable 58,158 0 0 0 0 0 58,158 0 ,1 $ Homestead Credits Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 155,759 0 0 0 0 FY 2016 TIF Revenue Received: 0 Created: Tue Oct 11 14:58:59 CDT 2016 Page 11 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX CITY/COLLEGE SCH/ 91 INCR TIF Taxing District Inc. Number: 57441 TIF Taxing District Base Year: 2000 FY TIF Revenue First Received: 2003 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 11/2001 statutorily ends: 2023 TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 39,582,400 0 0 0 -51,856 39,530,544 0 39/, 4/, 44 Taxable 0 22,060,649 0 0 0 -51,856 22,008,793 0 21, ; Homestead Credits L Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 520,369 22,008,793 8,290,328 13,718,465 364,116 FY 2016 TIF Revenue Received: 238,282 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX CITY AG/COLLEGE SCH/ 91 INCR TIF Taxing District Inc. Number: 57443 TIF Taxing District Base Year: 2000 FY TIF Revenue First Received: 2003 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 11/2001 statutorily ends: 2023 TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 4 Taxable 0 0 0 0 0 0 0 0 4 Homestead Credits Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 64,274 0 0 0 0 FY 2016 TIF Revenue Received: 0 Created: Tue Oct 11 14:58:59 CDT 2016 Page 12 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX CITY/COLLEGE SCH/ 92 INCR TIF Taxing District Inc. Number: 57625 TIF Taxing District Base Year: 2005 FY TIF Revenue First Received: 2008 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 07/2006 statutorily ends: 2028 TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 39,623,700 921,100 0 0 -27,780 40,517,020 0 40� 1�/, 1 Taxable 0 22,083,671 828,990 0 0 -27,780 22,884,881 0 21, 4x1 Homestead Credits 1l Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 4,732,159 22,884,881 8,620,335 14,264,546 378,610 FY 2016 TIF Revenue Received: 237,575 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX CITY AG/COLLEGE SCH/ 92 INCR TIF Taxing District Inc. Number: 57627 TIF Taxing District Base Year: 2005 FY TIF Revenue First Received: 2008 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development 07/2006 statutorily ends: 2028 TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 4 Taxable 0 0 0 0 0 0 0 0 4 Homestead Credits Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 0 0 0 0 0 FY 2016 TIF Revenue Received: 0 Created: Tue Oct 11 14:58:59 CDT 2016 Page 13 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX CITY/COLLEGE SCH/ 93 INCR TIF Taxing District Inc. Number: 57721 TIF Taxing District Base Year: 2010 FY TIF Revenue First Received: 2015 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development No statutorily ends: 2035 TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 9,195,300 146,800 0 0 -25,928 9,316,172 0 9, � Taxable 0 5,124,852 132,120 0 0 -25,928 5,231,044 0 , ; 44 Homestead Credits ; Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 8,628,771 713,329 268,699 444,630 11,801 FY 2016 TIF Revenue Received: 9,689 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX TWP/COLLEGE SCH/FAIRFAX 2013 #4 TIF INCREM TIF Taxing District Inc. Number: 57739 TIF Taxing District Base Year: 2012 UR Designation Slum No FY TIF Revenue First Received: Blighted No Subject to a Statutory end date? No Economic Development No TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 240,000 0 0 0 0 0 240,000 0 24- Taxable 107,285 0 0 0 0 0 107,285 0 141 Homestead Credits 4 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 160,900 79,100 0 79,100 1,744 FY 2016 TIF Revenue Received: 0 Created: Tue Oct 11 14:58:59 CDT 2016 Page 14 of 15 4 Annual Urban Renewal Report, Fiscal Year 2015 - 2016 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX CITY/COLLEGE SCH/ 94 TIF INCR TIF Taxing District Inc. Number: 57741 TIF Taxing District Base Year: 2012 FY TIF Revenue First Received: 2016 UR Designation Slum No Subject to a Statutory end date? Yes Blighted No Fiscal year this TIF Taxing District Economic Development No statutorily ends: 2036 TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 Homestead Credits Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 0 0 0 0 0 FY 2016 TIF Revenue Received: 250 TIF Taxing District Data Collection Local Government Name: FAIRFAX (57G544) Urban Renewal Area: FAIRFAX URBAN RENEWAL (57050) TIF Taxing District Name: FAIRFAX CITY AG/COLLEGE SCH/ 94 TIF INCREM TIF Taxing District Inc. Number: 57743 TIF Taxing District Base Year: 2012 UR Designation Slum No FY TIF Revenue First Received: Blighted No Subject to a Statutory end date? No Economic Development No TIF Taxing District Value by Class - 1/1/2014 for FY 2016 Agricultural Residential Commercial Industrial Other Military Total Gas/Electric Utility Total Assessed 73,500 0 0 0 0 0 73,500 0 1-3". Taxable 32,856 0 0 0 0 0 32,856 0 Homestead Credits 4 Frozen Base Value Max Increment Value Increment Used Increment Not Used Increment Revenue Not Used Fiscal Year 2016 60,000 13,500 0 13,500 292 FY 2016 TIF Revenue Received: 0 Created: Tue Oct 11 14:58:59 CDT 2016 Page 15 of 15