Tama County Administration Building, 104 W State St., Toledo, Iowa. SUN COURIER FILE PHOTO

1. The Board approved the Annual Urban Renewal Report for the Fiscal Year of 2021-2022 and for the active Tama County Vienna Wind Farm Renewal for the improvement of roads in the wind farm area.

2. There is no projection for when construction on P Ave. will be complete, as the project’s contractor still has to place the deck and finish falsework on the road.

3. Decking has just been started on the bridge near Belle Plaine.

4. On 265th, east of Clutier, a temper deck bridge crossing over Stein Creek sustained insect damage, and repairs were initiated on 10/3.

5. In cooperation with landowners, the county has begun blading dirt near fence rows to help with snow drift across roads.

6. Two utility permits from Poweshiek Water to bore under roads east and north of Gladstone were approved by the Board.

Annual Urban Renewal Report for the FY 2021-2022

TIF Debt Outstanding Balance: $6,068,800

TIF Sp. Rev. Fund Cash Balance (7/1/21): $132,464

Cash Balance Restricted for LMI: $0

TIF Revenue: $414,658

TIF Sp. Revenue Fund Interest: $0

Property Tax Replacement Claims: $57,812

Asset Sales & Loan Repayments: $0

Total Revenue: $472,470

Rebate Expenditures: $0

Non-Rebate Expenditures: $399,099

Returned to County Treasurer: 0

Total Expenditures: $399,099

TIF Sp. Rev Fund Cash Balance (6/30/22): $205,835

Cash Balance Restricted for LMI: $0

Year-End Outstanding TIF Obligations, Net of TIF Special Revenue Fund Balance: $5,463,866

Tama County Vienna Wind Farm Urban Renewal

Taxing District: Spring Creek TWP/Gladbrook-Reinbeck CC 6 SCH/UR TF Increm

Value by Class (1/1/2020) for FY 2022 Industrial

Assessed: $20,432,030

Taxable: $18,388,827

FY 2022 TIF Revenue Received: $357,493

Taxing District: Spring Creek/GMG UR TIF Increm

Value by Class (1/1/2022) for FY 2022 Industrial

Assessed: $3,313,980

Taxable: $2,982,582

FY 2022 TIF Revenue Received: $57,165