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MONROE COUNTY, INDIANA Bloomington Township State Road 46 TIF District 2010 TIF Annual Report June 15, 2011 Financial Solutions G r o u p, Inc.

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Page 1: MONROE COUNTY, INDIANA - WordPress.com · MONROE COUNTY, INDIANA Bloomington Township State Road 46 TIF District PURPOSE OF REPORT The purpose of this Report is to analyze the tax

MONROE COUNTY, INDIANA

Bloomington Township State Road 46 TIF District

2010 TIF Annual Report

June 15, 2011

F i n a n c i a l

S o l u t i o n s

G r o u p,

I n c .

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Page

LETTER OF TRANSMITTAL 1

EXHIBIT A - Purpose of Report 2

EXHIBIT B - General Information about The Area 3

EXHIBIT C - Summary of Findings 6

EXHIBIT D - Analysis of Bloomington Township Tax Rates 7

EXHIBIT E - Final Debt Service Schedule - Taxable TIF Rev. Bonds, Series 2010 8

EXHIBIT F - Bloomington Township TIF Allocation Fund 9

EXHIBIT G - Actual and Projected Assessed Value 10

EXHIBIT H - Actual and Projected Assessed Value Chart 11

EXHIBIT I - Major Changes in Assessed Value 12

EXHIBIT J - Estimated Annual Tax Increment 14

EXHIBIT K - PTRC Adjustment for Payable 2006 15

EXHIBIT L - PTRC Adjustment for Payable 2007 16

EXHIBIT M - PTRC Adjustment for Payable 2008 17

Appendix A - History of the 46 TIF District

MONROE COUNTY, INDIANA

Bloomington Township

T A B L E O F C O N T E N T S

State Road 46 TIF District

2010 TIF Annual Report

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2680 East Main Street

Suite 223

Plainfield, IN 46168 Phone: 317-837-4933 Fax: 317-837-4935

Email Addresses: [email protected]

For large documents, please send to: [email protected]

F i n a n c i a l

S o l u t i o n s

G r o u p,

I n c .

June 15, 2011 Monroe County Redevelopment Commission Bloomington, Indiana RE: BLOOMINGTON TWP. SR 46 TIF DISTRICT - 2010 TIF ANNUAL REPORT Redevelopment Commission Members: We have prepared our report for this Area, entitled, “Monroe County, Indiana, Bloomington Township State Road 46 TIF District, 2010 TIF Annual Report” (the “Report”), dated June 15, 2011, which we respectfully submit herewith. The purpose of this Report is to set forth the actual results since the first year of allocation area, which was payable year 2003.

The findings and conclusions of the Report are as found on Exhibit C.

This Report is not intended to be used in a financing unless consent is given by Financial Solutions Group, Inc.

There will usually be differences between the projected and actual results because events and circumstances frequently do not occur as expected. Those differences may be material. We have no responsibility to update the Report for events and circumstances occurring after the date of the Report.

Sincerely,

Financial Solutions Group, Inc.

Gregory T. Guerrettaz

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EXHIBIT A

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MONROE COUNTY, INDIANA

Bloomington Township

State Road 46 TIF District

PURPOSE OF REPORT The purpose of this Report is to analyze the tax allocation area known as the Bloomington Township State Road 46 TIF District to calculate the shortfall in revenue compared to debt service. In preparing our Report, we have analyzed a substantial amount of data and have arrived at certain conclusions as detailed and presented in our Summary of Findings in this Report. The approach for our Report is to detail where the district has been, where the district is now and where the district will go in the future, from the standpoint of the end of 2010, from an economic point of view. We have set forth the parcel analysis, by year, as an appendix to the Report. The purpose is also to verify the computations made throughout the process, and in the computation of the increment. We have set forth, in our findings, points that the Commission needs to address.

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EXHIBIT B

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MONROE COUNTY, INDIANA

Bloomington Township State Road 46 TIF District

GENERAL INFORMATION ABOUT THE AREA

Tax Increment Financing The Monroe County Redevelopment Commission (the “Redevelopment Commission”), governing body of the Monroe County Redevelopment District (the “District”), on July 21, 2005, authorized the issuance of bonds of the District designated as Monroe County, Indiana, Redevelopment District Taxable Tax Increment Revenue Bonds, Series 2005, in an aggregate principal amount not to exceed $7,000,000 (the “Bonds”), and the issuance of bond anticipation notes of the District designated as Monroe County, Indiana, Redevelopment District Taxable Tax Increment Revenue Bond Anticipation Notes, Series 2005, in an aggregate principal amount not to exceed $7,000,000 (the “BANs”). The Commission refinanced the BANs in October 2010 with the issuance of the $7,000,000 Redevelopment District Taxable Tax Increment Revenue Bonds, Series 2010. The 2010 Bonds were purchased by the developer and are only payable from TIF revenue (to the extent TIF revenue is available).

The Monroe County Allocation Area – North Park 46 Economic Development Area The general description of the Area is as follows: the area bounded on the west by Curry Pike/Smith Pike, on the north by SR 46 West and Acuff Road, on the east by SR 37, and on the south by Vernal Pike, excluding most of the existing residentially developed properties.

Bonds Funds and Accounts – County Level

The Resolution states that all Tax Increment collected in the Allocation Area shall be, immediately upon receipt, set aside in the Allocation Fund for the purpose of paying debt service. Any Tax Increment that exceeds the debt service is to be placed in a Surplus Fund. To the extent Tax Increment and amounts in the Surplus Fund are not sufficient to pay the debt service, the Developers shall pay debt service. The following information is a summary of the funds and accounts established in the Resolution. The provisions of the agreement are listed below and presented in the future tense.

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EXHIBIT B

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(Continued) Allocation Fund

The Allocation Fund is used to pay debt service, to the extent required and permitted by the Resolution. In addition, it is used to pay amounts due under any obligation or leases junior and subordinate to the lease. The obligation to pay rentals is limited to moneys in the Allocation Fund, including Tax Increment, and in the Surplus Fund and investment earnings. Any funds not needed for the purposes listed above are deposited in the Surplus Fund.

Surplus Fund

Any funds in excess of the Allocation Fund and investment earnings are placed in the Surplus Fund. The Surplus Fund, and investment earnings thereon, is held by the Treasurer of the County to secure the Redevelopment Commission’s obligation under the Resolution. Money in the Surplus Fund may be used to pay debt service, pay to acquire or construct additional local public improvements in the Area and to redeem or purchase Bonds prior to maturity.

FINANCING

Crider & Crider, Inc. and the County acknowledged that Crider & Crider, Inc. originally borrowed from a financial institution the funds necessary to purchase the BANs and that Crider & Crider, Inc. incurred interest and other financing costs associated therewith. The parties also acknowledged that Crider & Crider, Inc. caused the BANs to be purchased by Regions Bank with Crider & Crider, Inc. acting as a guarantor of the payment of principal and interest on the Bonds to such financial institution. In 2009, Crider & Crider Inc. purchased the BANs from Regions Bank. The BANs were refinanced in 2010 and no interest was paid on the BANs by the Commission while the BANs were outstanding. The Commission has adopted a resolution and has taken such other actions as may be deemed necessary to pledge all TIF revenue generated by increases in assessed valuation from improvements located within the Allocation Area, for purposes of paying the debt service on the Bonds. The Commission’s resolution authorizing the Bonds shall contain reasonable and customary protections against the future dilution of the security for the Bonds by the issuance of additional obligations payable from TIF revenue, as agreed to with the purchaser of the Bonds.

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EXHIBIT B

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(Continued) Refunding Bonds. In the event that, during the term of the Bonds, the coverage on the Bonds reaches at least one hundred forty percent (140%), the Commission will, using its best efforts and acting as necessary in good faith, consider the issuance of refunding bonds, subject to marketability and to such reasonable requirements relating to interest, reserve, and other appropriate requirements.

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EXHIBIT C

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MONROE COUNTY, INDIANA

Bloomington Township State Road 46 TIF District

SUMMARY OF FINDINGS

Findings As a result of our inquiries, due diligence and investigations incident to the preparations of this Report, we have the following general finding concerning the Tax Increment Revenue in the Allocation Area:

1. The development in the Allocation Area has not been completed as originally anticipated. Currently, the tax increment will not be sufficient to pay debt service.

2. It is our understanding that the developer (North Park, LLC) currently owns the Bonds.

3. Development in the area has not occurred as quickly as was originally estimated by

the developer. TIF revenue is not currently expected to be sufficient to retire the outstanding Bonds.

4. The Bonds have a final maturity of 2/1/2021.

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EXHIBIT D

Payable Payable Payable Payable PayableTaxing Unit 2007 2008 2009 2010 2011

State 0.0024$ 0.0024$ -$ -$ -$ Welfare 0.1086 0.0923 - - - County 0.2589 0.2877 0.3353 0.3376 0.3089 Solid Waste 0.0196 0.0243 0.0243 0.0268 0.0272 Township 0.2285 0.2301 0.2522 0.3476 0.3175 School 1.0237 1.0384 0.4909 0.5680 0.6787 TIF Replacement 0.0053 0.0060 0.0075 - Library 0.0894 0.0941 0.0963 0.1181 0.1097

Gross Tax Rate 1.7364$ 1.7753$ 1.2065$ 1.3981$ 1.4420$

Less: PTRCReal PP 26.5830% 23.9664%

Business 17.8566% 16.2502%

Net Tax RateReal PP 1.2748$ 1.3498$ 1.2065$ 1.3981$ 1.4420$

Business 1.4263$ 1.4868$

Note: State, Welfare and some portions of the School tax rate were eliminated beginning with taxes payable in 2009. In addition, PTRC was also eliminated beginning with taxes payable in 2009.

MONROE COUNTY, INDIANA

Bloomington TownshipState Road 46 TIF District

Analysis of Bloomington Township Tax Rates

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EXHIBIT E

Principal Interest Interest Semi-Annual Annual Date Amount Rate Amount Debt Service Debt Service

10/20/20108/1/2011 273,194$ 273,194$ 2/1/2012 250,000$ 5.00% 175,000 425,000 698,194$ 8/1/2012 305,000 5.00% 168,750 473,750 2/1/2013 310,000 5.00% 161,125 471,125 944,875 8/1/2013 315,000 5.00% 153,375 468,375 2/1/2014 325,000 5.00% 145,500 470,500 938,875 8/1/2014 310,000 5.00% 137,375 447,375 2/1/2015 350,000 5.00% 129,625 479,625 927,000 8/1/2015 345,000 5.00% 120,875 465,875 2/1/2016 355,000 5.00% 112,250 467,250 933,125 8/1/2016 360,000 5.00% 103,375 463,375 2/1/2017 375,000 5.00% 94,375 469,375 932,750 8/1/2017 390,000 5.00% 85,000 475,000 2/1/2018 400,000 5.00% 75,250 475,250 950,250 8/1/2018 400,000 5.00% 65,250 465,250 2/1/2019 425,000 5.00% 55,250 480,250 945,500 8/1/2019 425,000 5.00% 44,625 469,625 2/1/2020 445,000 5.00% 34,000 479,000 948,625 8/1/2020 445,000 5.00% 22,875 467,875 2/1/2021 470,000 5.00% 11,750 481,750 949,625

7,000,000$ 2,168,819$ 9,168,819$ 9,168,819$

Note: The 2010 Bonds were issued on October 20, 2010 to redeem the outstanding bond anticipation note. The 2010 Bonds were purchased by the developer, North Park, LLC. Debt service on the 2010 Bonds is payable from TIF revenue only.

MONROE COUNTY, INDIANA

Bloomington Township

Final Debt Service Schedule - Taxable TIF Revenue Bonds, Series 2010

State Road 46 TIF District

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EXHIBIT F

As of 12/31/07 As of 12/31/08 As of 12/31/09 As of 12/31/10 As of 5/31/11

Beginning Balance 14,058.49$ 158,817.21$ 195,010.85$ 218,866.41$ 366,800.14$

TIF Settlement 146,358.72 38,293.64 27,615.56 151,433.73 23,884.73 Claims (1,600.00) (2,100.00) (3,760.00) (3,500.00) (16,091.50)

Ending Balance 158,817.21$ 195,010.85$ 218,866.41$ 366,800.14$ 374,593.37$

Per Books 158,817.21$ 195,010.85$ 218,866.41$ 366,800.14$ 374,593.37$

2007 Grand Total

August December Taxes

Richland Twp. State Road 46 5,484.01$ -$ 5,484.01$ Blgtn. Twp. State Road 46 29,348.03 23,765.18 53,113.21 Richland Twp. TIR 507.77 - 507.77 Excise TIR - 13,295.66 13,295.66 TIR - 73,865.10 73,865.10

Bloomington Twp. TIR 30.99 61.98 92.97 Total 35,370.80$ 110,987.92$ 146,358.72$

2008 Grand Total

August December Taxes

Richland Twp. State Road 46 -$ -$ -$ Blgtn. Twp. State Road 46 - 38,293.64 38,293.64 TIR - - - Total -$ 38,293.64$ 38,293.64$

2009 Grand Total

April December Taxes

Richland Twp. State Road 46 -$ -$ -$ Blgtn. Twp. State Road 46 27,615.56 - 27,615.56 TIR - - - Total 27,615.56$ -$ 27,615.56$

2010 Grand Total

February December Taxes

Richland Twp. State Road 46 -$ -$ -$ Blgtn. Twp. State Road 46 51,419.78 50,972.98 102,392.76 2009 TIF Revenue 49,040.97 - 49,040.97 Total 100,460.75$ 50,972.98$ 151,433.73$

Fund

Fund

MONROE COUNTY, INDIANA

Bloomington Township

Bloomington Township TIF Allocation Fund

Fund

Fund

State Road 46 TIF District

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EXHIBIT G

MONROE COUNTY, INDIANA

Bloomington Township

Actual and Projected Assessed Value

OriginalActual Projected

Payable Assessed AssessedYear Valuation Valuation Difference

2006 1,840,320$ -$ 1,840,320$ 2007 4,696,900 3,750,000 946,900 2008 4,490,545 10,315,000 (5,824,455) 2009 7,426,214 34,032,325 (26,606,111) 2010 7,824,233 46,509,270 (38,685,037) 2011 7,731,185 53,923,574 (46,192,389)

2012 73,824,449 2013 81,387,780 2014 96,799,726 2015 107,086,864

State Road 46 TIF District

2015 107,086,864 2016 118,433,849 2017 124,951,120 2018 132,202,967 2019 141,076,711

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$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

2006 2007 2008 2009 2010 2011 2012 2013 2014

Asse

ssed

V

alu

e

MONROE COUNTY, INDIANA

Actual and Projected Assessed Value

-

11

-

EX

HIB

IT H

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EXHIBIT I

Major Changes in Payable 2006 (over $100,000)

Positive Negative Net

012-02180-00 Hanna Enterprises 263,100$ 012-06940-00 Commercial Inv 121,900 012-08650-29 Hanna, William 285,500$ 012-11670-00 Hanna, William 389,100 012-11770-00 Hoadley, BG 311,400 012-12740-00 Yates, Helen 156,800 012-13890-00 Ratts, Larry 122,200 012-02220-00 Star Quarry 137,200 012-08651-01 Hanna, William 545,700 012-08651-02 Hanna, William 471,300

2,129,600$ 674,600$ 1,455,000$

Major Changes in Payable 2007 (over $100,000)Positive Negative Net

53-04-25-101-004.000-011 NORTH PARK 300,200$ 53-01-27-890-101.000-004 CSX 288,400 53-05-19-400-044.000-004 HOADLEY, BG 616,900 53-05-19-400-047.000-004 HOADLEY, BG 259,700$ 53-05-30-100-001.000-004 YATES, HELEN 116,600 53-05-30-400-008.000-004 HANNA ENTERPRISES 332,000 53-05-30-400-013.000-004 STIDD, RAYMOND 134,800 53-05-31-203-026.000-004 HANNA, WILLIAM 685,200

2,474,100$ 259,700$ 2,214,400$

MONROE COUNTY, INDIANA

Bloomington Township

Major Changes in Assessed Value

State Road 46 TIF District

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EXHIBIT I

State Road 46 TIF District

(Continued)

Major Changes in Payable 2008 (over $100,000)

Positive Negative Net

53-04-24-101-026.000-011 BAXTER, MARSHALL 257,500$ 53-05-30-400-008.000-004 HANNA ENTERPRISES 132,800 53-05-19-400-044.000-004 HOADLEY, BG 179,800 53-05-31-200-001.000-004 COWDEN, DONALD 440,300$ 53-01-27-890-101.000-004 CSX 114,000 53-05-31-203-026.000-004 HANNA, WILLIAM 231,900

672,200$ 684,100$ (11,900)$

Major Changes in Payable 2009 (over $100,000)Positive Negative Net

04-25-101-001.000-011 Bloomington Hospital Inc. 2,717,282$ 04-24-101-026.000-011 Owen County State Bank 444,900 04-24-101-018.000-011 HR2 LLC, an IN LLC 626,400 05-31-200-001.000-004 COWDEN, DONALD 474,500$ 01-27-890-101.000-004 CSX 221,200

3,788,582$ 695,700$ 3,092,882$

Major Changes in Payable 2010 (over $100,000)Positive Negative Net

04-24-101-026.000-011 Owen County State Bank 569,700$ 05-20-300-023.000-004 Westbury Village LLC 121,300$ 05-30-400-008.000-004 HANNA Properties LLC 232,400

569,700$ 353,700$ 216,000$

Major Changes in Payable 2011 (over $100,000)Positive Negative Net

04-25-101-001.000-011 Bloomington Hospital Inc. 147,100$

-$ 147,100$ (147,100)$

MONROE COUNTY, INDIANA

Bloomington Township

Major Changes in Assessed Value

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EXHIBIT J

CapturedPayable Assessed Net

Year Valuation Tax Rate TIF

Most Recent Estimate 2011 7,731,185$ 1.4420$ 111,484$

Most Recent Estimate 2012 7,963,121 1.4420 114,828

Total 226,312$

MONROE COUNTY, INDIANA

Bloomington Township

Estimated Annual Tax Increment

State Road 46 TIF District

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EXHIBIT K

With HEA1001

Net EstimatedPayable Net Assessed Tax Tax 20% Tax

Year Value Rate Increment (1) PTRC Increment

2006 1,570,367.00$ 0.6766$ 10,625.10$ 2,125.02$ 8,500.08$

AutomaticNet Adjustment

Payable Net Assessed Tax Tax 60% TaxYear Value Rate Increment (2) PTRC Increment

2006 1,570,367.00$ 0.6766$ 10,625.10$ 6,375.06$ 4,250.04$

Difference 4,250.04$

Requested Amount for both 46 and Westside Allocation Areas 149,403.00$

Total Assessed Value in County Area 2,621,100,020.00$

Tax Rate 0.0057$

(1) Based on impact as a result of the reduction in the School General Fund tax rate(2) Based on the automatic decrease in the tax rate allowed by HEA 1001

MONROE COUNTY, INDIANA

Bloomington Township

PTRC Adjustment for Payable 2006

State Road 46 TIF District

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EXHIBIT L

With HEA1001

Net EstimatedPayable Net Assessed Tax Tax 20% Tax

Year Value Rate Increment (1) PTRC Increment

2007 4,399,260.00$ 0.5814$ 25,577.30$ 5,115.46$ 20,461.84$

AutomaticNet Adjustment

Payable Net Assessed Tax Tax 60% TaxYear Value Rate Increment (2) PTRC Increment

2007 4,399,260.00$ 0.5814$ 25,577.30$ 15,346.38$ 10,230.92$

Difference 10,230.92$

Requested Amount for both 46 and Westside Allocation Areas 163,957.00$

Total Assessed Value in County Area 3,093,526,100.00$

Tax Rate 0.0053$

(1) Based on impact as a result of the reduction in the School General Fund tax rate(2) Based on the automatic decrease in the tax rate allowed by HEA 1001

MONROE COUNTY, INDIANA

Bloomington Township

PTRC Adjustment for Payable 2007

State Road 46 TIF District

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EXHIBIT M

With HEA1001

Net EstimatedPayable Net Assessed Tax Tax 20% Tax

Year Value Rate Increment (1) PTRC Increment

2008 4,406,910.00$ 0.5988$ 26,388.58$ 5,277.72$ 21,110.86$

AutomaticNet Adjustment

Payable Net Assessed Tax Tax 60% TaxYear Value Rate Increment (2) PTRC Increment

2008 4,406,910.00$ 0.5988$ 26,388.58$ 15,833.15$ 10,555.43$

Difference 10,555.43$

Requested Amount for both 46 and Westside Allocation Areas 199,366.00$

Total Assessed Value in County Area 3,322,772,585.00$

Tax Rate 0.0060$

(1) Based on impact as a result of the reduction in the School General Fund tax rate(2) Based on the automatic decrease in the tax rate allowed by HEA 1001

MONROE COUNTY, INDIANA

Bloomington Township

PTRC Adjustment for Payable 2008

State Road 46 TIF District

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APPENDIX A

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02 Pay 03 05 Pay 06 06 Pay 07 07 Pay 08 08 Pay 09 09 Pay 10 10 Pay 11Base Year Base Net Base Net Base Net Base Net Base Net

REAL ESTATE NAME Net AV AV Taxable AV Taxable AV Taxable AV Taxable AV Taxable AV

1 53 - 04-24-101-026.000-011 Owen County State Bank 194,700$ 228,100$ 245,980$ 285,200$ 27,700$ 27,700$ 252,151$ 472,600$ 248,318$ 1,042,300$ 245,721$ 1,012,100$ 2 53 - 04-24-101-018.000-011 HR2 LLC, an IN LLC 500 500 2,570 11,100 7,857 11,100 5,907 637,500 3,819 637,500 7,189 637,500 3 53 - 04-24-400-022.000-011 Logan Land Dev LLC 6,700 5,600 5,600 5,600 7,300 7,300 7,700 7,700 8,000 8,000 8,246 8,300 4 53 - 04-24-400-021.000-011 Logan Land Dev LLC 700 600 600 600 700 700 800 800 800 800 800 800 5 53 - 04-24-101-059.000-011 Baker Larry J & Elaine A 4,400 4,400 8,730 23,100 17,664 23,100 5,894 22,800 5,702 22,800 5,844 42,300 6 53 - 04-24-101-008.000-011 BAKER, LARRY 2,500 2,500 6,120 19,600 14,473 19,600 3,274 19,500 3,146 19,500 - - 7 53 - 04-24-100-011.000-011 Logan Land Dev LLC 128,500 128,600 145,100 145,100 145,100 145,100 145,100 145,100 145,100 145,100 111,900 111,900 8 53 - 04-25-101-004.000-011 Logan Land Dev LLC 13,700 12,500 72,350 312,700 240,007 339,700 46,404 339,700 44,392 339,700 44,824 339,700 9 53 - 04-25-101-005.000-011 Logan Land Dev LLC 157,200 153,200 133,600 133,600 164,700 164,700 44,960 165,400 43,515 165,400 42,979 161,400 10 53 - 04-24-100-017.000-011 Logan Land Dev LLC 4,800 4,100 4,100 4,100 5,200 5,200 5,500 5,500 5,800 5,800 5,860 5,900 11 53 - 04-24-400-020.000-011 SHAW, NED & AMAN 142,600 142,600 173,950 175,900 176,099 176,500 171,500 171,500 172,200 172,200 172,200 172,200 12 53 - 04-24-400-027.000-011 ZZ STATE - - - - - - - - - - - - 13 53 - 04-24-101-027.000-011 ZZ STATE - - - - - - - - - - - - 14 53 - 04-24-101-015.000-011 ZZ STATE - - - - - - - - - - - - 15 53 - 04-24-101-051.000-011 ZZ STATE - - - - - - - - - - - - 16 53 - 04-24-101-009.000-011 ZZ STATE - - - - - - - - - - - - 17 53 - 04-24-101-032.000-011 ZZ STATE - - - - - - - - - - - - 18 53 - 04-25-101-001.000-011 Bloomington Hospital Inc. - - - - - - 110,618 2,827,900 99,873 2,882,100 110,926 2,735,000 19 53 - 04-25-101-003.000-011 North Park LLC - - - - - - 44,106 62,400 42,996 62,400 41,954 62,400

Subtotal Richland Twp. 656,300$ 682,700$ 798,700$ 1,116,600$ 806,800$ 920,700$ 843,914$ 4,878,400$ 823,661$ 5,503,600$ 798,443$ 5,289,500$

1 53 - 05-19-300-006.000-004 Logan Land Dev LLC 23,500$ 19,700$ 19,700$ 19,700$ 24,138$ 25,500$ 25,544$ 26,900$ 25,655$ 28,000$ 26,432$ 31,700$ 2 53 01-20-256-000.000-004 Logan Land Dev LLC 15,000 25,100 - - 17,612 25,100 22,365 34,000 26,065 43,000 24,096 40,500 3 53 - 05-30-200-001.000-004 LANGWALD, RALF 60,300 60,300 63,240 75,400 63,336 70,900 56,770 56,770 56,770 56,770 59,240 59,240 4 53 - 05-30-200-007.000-004 CHUMLEY 8,700 8,700 10,200 16,400 10,651 16,400 11,775 16,400 11,830 16,400 11,454 16,400 5 53 - 05-20-300-039.000-004 Bishop and Nice LLC 260,600 313,600 313,200 313,200 325,300 325,300 319,900 319,900 304,500 304,500 285,900 285,900 6 53 - 05-20-300-039.004-004 Bishop and Nice LLC - - - - - - - - 10,247 26,700 9,458 26,700 7 53 - 05-20-300-013.000-004 FENDER, MARY 84,800 87,800 86,260 92,300 87,695 94,200 90,739 92,900 92,037 99,500 92,528 106,200 8 53 - 05-30-200-006.000-004 FLAKE, JOHN 29,400 29,300 32,530 45,500 33,403 44,900 36,758 47,000 36,415 46,200 35,806 47,300 9 53 - 05-30-200-005.000-004 FLAKE, JOHN 23,100 23,000 25,010 32,900 25,639 32,900 27,418 32,900 3,300 3,300 3,300 3,300 10 53 - 05-19-400-024.000-004 GILLIAT, GUY 80,200 80,300 81,370 86,200 83,265 90,300 86,360 89,300 87,224 94,500 87,381 100,000 11 53 - 05-19-202-001.000-004 HENRY, CHARLES 3,300 2,700 2,700 2,700 3,349 3,500 3,541 3,700 3,573 3,900 3,534 4,000 12 53 - 05-19-400-032.000-004 HOADLEY, BG 3,400 3,400 3,000 3,000 3,814 5,100 4,108 5,100 4,096 5,100 3,987 5,100 13 53 - 05-19-400-044.000-004 HOADLEY, BG 289,100 600,500 469,530 1,217,400 473,626 1,037,600 573,630 1,056,200 587,483 1,052,100 553,112 1,032,700 14 53 - 05-30-100-005.000-004 HOADLEY, BG 1,800 35,300 27,690 135,000 26,939 105,000 38,720 105,000 41,431 105,000 38,348 105,000 15 53 - 05-19-400-047.000-004 HOADLEY, BG 259,700 264,100 4,400 4,400 21,800 21,800 22,100 22,100 22,200 22,200 23,400 23,400 16 53 - 05-19-400-043.000-004 HOADLEY, BG 1,800 1,800 1,600 1,600 2,019 2,700 2,175 2,700 2,169 2,700 2,111 2,700 17 53 - 05-19-400-042.000-004 HOADLEY, BG 4,200 4,200 3,700 3,700 4,736 6,400 5,110 6,400 5,099 6,400 4,961 6,400 18 53 - 05-19-400-001.000-004 HOADLEY, BG 3,000 3,000 2,600 2,600 3,365 4,500 3,625 4,500 3,615 4,500 3,518 4,500 19 53 - 05-19-400-021.000-004 HOADLEY, BG 1,500 1,500 1,300 1,300 1,695 2,300 1,830 2,300 1,826 2,300 1,777 2,300 20 53 - 05-20-300-001.000-004 HOADLEY, BG 1,700 1,700 4,640 16,800 5,378 16,800 7,144 16,800 7,517 16,800 7,041 16,800 21 53 - 01-21-260-000.000-004 STAR QUARRY 800 600 600 600 800 800 860 900 849 900 832 900 22 53 - 05-30-100-001.000-004 YATES, HELEN 2,400 159,200 55,540 275,800 69,681 278,600 101,138 278,600 108,435 278,600 100,225 278,600 23 53 - 05-30-100-002.000-004 FRANCIS, DONALD 4,900 38,000 11,000 36,300 11,964 33,900 15,404 33,900 16,093 33,900 15,151 33,900 24 53 - 05-30-100-009.000-004 FRANCIS, DONALD 600 58,900 11,450 56,400 13,267 52,600 19,194 52,600 20,565 52,600 19,017 52,600 25 53 - 05-30-100-004.000-004 FRANCIS, DONALD 1,600 19,200 4,850 18,300 5,376 17,100 7,185 17,100 7,570 17,100 7,084 17,100 26 53 - 05-30-100-006.000-004 Logan Land Dev 37,700 11,100 11,100 11,100 14,400 14,400 15,200 15,200 15,800 15,800 16,300 16,300 27 53 - 05-30-100-007.000-004 FRANCIS, DONALD 1,000 59,000 11,790 56,500 13,594 52,700 19,498 52,700 20,855 52,700 19,309 52,700 28 53 - 05-30-100-008.000-004 INDIANA LIMESTONE 500 500 400 400 549 700 586 700 583 700 568 700 29 53 - 05-30-100-003.000-004 Vech Properties LLC 133,000 135,800 138,310 160,300 125,400 125,400 127,900 127,900 129,200 129,200 115,300 115,300

RICHLAND TWP.

BLOOMINGTON TWP.

PARCEL #

MONROE COUNTY, INDIANA

NORTH PARK 46 ECONOMIC DEVELOPMENT TIF DISTRICT

HISTORY OF THE North Park 46 TIF DISTRICT

Page 22: MONROE COUNTY, INDIANA - WordPress.com · MONROE COUNTY, INDIANA Bloomington Township State Road 46 TIF District PURPOSE OF REPORT The purpose of this Report is to analyze the tax

02 Pay 03 05 Pay 06 06 Pay 07 07 Pay 08 08 Pay 09 09 Pay 10 10 Pay 11Base Year Base Net Base Net Base Net Base Net Base Net

REAL ESTATE NAME Net AV AV Taxable AV Taxable AV Taxable AV Taxable AV Taxable AVPARCEL #

MONROE COUNTY, INDIANA

NORTH PARK 46 ECONOMIC DEVELOPMENT TIF DISTRICT

HISTORY OF THE North Park 46 TIF DISTRICT

30 53 - 05-30-200-002.000-004 MCINTOSH, CAROLE 53,000$ 53,000$ 54,770$ 62,100$ 54,450$ 57,400$ 47,860$ 47,860$ 47,860$ 47,860$ 50,430$ 50,430$ 31 53 - 05-20-200-032.000-004 FURR, BRUCE 9,400 7,700 7,700 7,700 9,622 10,000 10,138 10,500 10,160 10,900 10,097 11,300 32 53 - 05-20-300-023.000-004 Westbury Village LLC 480,100 146,000 180,800 180,800 179,100 179,100 184,300 184,300 63,000 63,000 63,000 63,000 33 53 - 05-20-300-031.000-004 Dry Creek Inc 573,100 613,200 586,490 642,000 611,101 711,400 654,750 743,500 617,149 659,300 581,798 594,300 34 53 - 05-31-200-001.000-004 COWDEN, DONALD 15,300 15,300 18,970 34,200 127,311 474,500 - - - - - - 35 53 - 05-30-200-004.000-004 Kile, Nickie Wayne, Janee & Sally 308,300 316,500 286,800 286,800 284,200 284,200 284,200 284,200 284,200 284,200 283,400 283,400 36 53 - 05-30-200-003.000-004 LENNING, Ronessa E. 70,100 70,100 73,230 86,200 73,260 80,900 63,690 63,690 63,690 63,690 66,550 66,550 37 53 - 05-30-200-008.000-004 Houser, Keim 70,500 70,500 74,540 91,300 75,341 88,200 83,343 99,300 82,902 99,300 81,803 102,000 38 53 - 05-30-200-009.000-004 Logan Land Dev LLC 3,600 2,900 2,900 2,900 3,649 3,800 3,850 4,000 3,839 4,100 3,833 4,300 39 53 - 05-30-200-010.000-004 WOODS, MELISSA 51,900 48,900 53,380 59,500 53,058 55,100 44,645 44,645 44,645 44,645 46,985 46,985 40 53 - 05-30-200-011.000-004 Corwin, Julia Michelle 33,800 33,800 36,040 45,300 36,024 42,000 33,595 33,595 33,595 33,595 34,396 35,350 41 53 - 05-30-200-012.000-004 Houston, Margaret 45,100 39,900 45,900 49,200 45,649 45,800 36,670 36,670 36,670 36,670 38,555 38,555 42 53 - 05-30-200-013.000-004 ZZ STATE - - - - - - - - - - - - 43 53 - 05-30-200-016.000-004 LOGAN LAND DEV - 8,800 1,710 8,800 2,777 11,400 4,287 12,000 4,797 12,500 4,569 12,900 44 53 - 05-30-300-001.000-004 DECKARD, DELMAR 34,600 25,120 29,670 29,670 27,670 27,670 17,895 17,895 17,895 17,895 19,885 19,885 45 53 - 05-30-300-002.000-004 Brummett/Powell, She 36,500 71,500 44,680 78,600 46,327 75,600 55,638 86,300 55,337 83,700 54,240 86,300 46 53 - 05-30-300-003.000-004 BUSH, DONALD 54,700 54,700 55,630 59,500 55,736 57,400 60,190 64,600 59,211 63,800 58,610 65,500 47 53 - 05-30-300-004.000-004 GRIFFITH, MICHAEL 32,900 32,950 34,950 43,450 35,283 41,750 32,995 32,995 32,995 32,995 33,642 34,850 48 53 - 05-30-300-005.000-004 NORTH, JAMES 42,700 42,800 44,900 54,000 44,878 50,400 41,750 41,750 41,750 41,750 43,163 43,800 49 53 - 05-30-300-006.000-004 BUSH, DONALD 59,600 60,300 60,480 64,100 56,500 56,500 37,580 37,580 35,955 35,955 38,930 38,930 50 53 - 05-30-300-007.000-004 WILLIBEY, DAVID 49,100 49,100 48,000 48,000 44,100 44,100 36,505 36,505 36,505 36,505 38,285 38,285 51 53 - 05-30-300-008.000-004 Underwood, Chris 79,200 79,200 82,870 98,100 83,459 94,200 92,332 107,900 91,738 107,900 90,707 111,200 52 53 - 05-30-300-009.000-004 SPINKS, ESTEL 60,100 60,200 63,040 75,200 63,087 70,500 56,235 56,235 56,235 56,235 58,770 58,770 53 53 - 05-30-300-010.000-004 Simanton, David E. 54,400 54,400 55,280 58,900 55,387 56,900 15,216 15,216 15,008 15,008 59,764 69,300 54 53 - 05-30-300-011.000-004 CLARK, J 71,000 68,000 69,800 69,800 64,800 64,800 53,940 53,940 53,940 53,940 56,740 56,740 55 53 - 05-30-300-012.000-004 SHIPWASH, VERNA 19,300 12,820 19,860 22,170 19,907 21,170 6,838 6,838 6,838 6,838 7,605 7,605 56 53 - 05-30-300-013.000-004 Barnes, Dwight 35,300 32,300 38,060 49,500 38,233 46,100 36,830 36,830 23,130 23,130 25,015 25,015 57 53 - 05-30-300-014.000-004 PRINCE, ANCIL 100 100 120 200 124 200 139 200 140 200 135 200 58 53 - 05-30-300-015.000-004 BARTLETT, S 45,300 45,200 49,080 64,750 49,880 62,550 50,552 55,310 50,040 55,310 49,866 57,835 59 53 - 05-30-300-016.000-004 MONTGOMERY, MI 45,800 45,800 48,270 58,500 68,516 137,500 69,907 108,550 70,688 108,290 58,586 81,545 60 53 - 05-30-300-017.000-004 PRINCE, ANCIL 11,000 11,000 13,140 22,000 13,755 22,000 15,322 22,000 15,426 22,000 14,913 22,000 61 53 - 05-30-300-018.000-004 MAY, LESTER 46,100 46,100 48,360 57,700 48,330 53,700 43,020 43,020 43,020 43,020 45,165 45,165 62 53 - 05-30-300-019.000-004 Coleman, Shawn D 38,500 38,500 40,580 49,200 40,459 45,300 35,285 35,285 35,285 35,285 37,365 37,365 63 53 - 05-30-300-020.000-004 HAMMER, REBEKAH 12,150 12,150 13,050 16,800 13,238 16,150 8,180 8,180 8,180 8,180 8,466 8,466 64 53 - 05-30-300-021.000-004 BOWMER, WALTER 8,150 - - - - - 2,579 2,579 2,579 2,579 - - 65 53 - 05-30-300-022.000-004 HEDRICK, MERLE 179,000 174,600 185,280 211,300 197,194 248,100 224,191 287,300 224,233 287,900 221,040 296,600 66 53 - 05-30-300-023.000-004 WAGNER, ROBERT 59,300 57,400 57,700 57,700 53,200 53,200 45,755 45,755 45,755 45,755 46,900 46,900 67 53 - 05-30-300-024.000-004 Holden, Adam & Debra A 3,750 18,600 7,490 23,000 7,941 20,800 10,414 22,000 10,834 22,000 10,337 22,300 68 53 - 05-30-300-025.000-004 COX, Joseph 28,450 67,700 37,650 75,800 39,518 72,800 49,121 83,300 48,975 80,400 47,804 82,800 69 53 - 05-30-300-026.000-004 Jones, Paul H III 85,800 47,800 47,100 47,100 43,700 43,700 35,220 35,220 35,220 35,220 37,040 37,040 70 53 - 05-30-300-027.000-004 DAVIS, RICHARD 32,000 32,000 33,580 40,150 33,786 38,400 29,565 29,565 29,565 29,565 31,515 31,515 71 53 - 05-30-300-028.000-004 AXSOM, PATRICIA 41,000 79,000 49,790 86,200 50,827 80,100 60,307 90,900 30,255 30,255 60,597 96,100 72 53 - 05-30-300-029.000-004 BUNCH, TERRY 31,500 32,000 33,220 40,350 33,444 38,550 29,465 29,465 29,465 29,465 29,885 29,885 73 53 - 05-30-300-030.000-004 Hovis, Sheree 31,550 28,550 32,830 38,150 33,081 36,750 25,795 25,795 25,795 25,795 27,290 27,290 74 53 - 05-30-300-031.000-004 DECKARD, RANDAL 30,300 30,400 32,340 40,800 32,731 39,350 28,805 28,805 28,805 28,805 30,398 30,400 75 53 - 05-30-300-032.000-004 Walker, Phillip & Irene 73,400 14,700 27,600 27,600 27,600 27,600 27,600 27,600 27,500 27,500 27,300 27,300 76 53 - 05-30-300-033.000-004 PRINCE, ANCIL 19,850 16,370 20,080 21,020 19,620 19,620 7,335 7,335 7,335 7,335 8,830 8,830 77 53 - 05-30-300-034.000-004 WALKER 136,900 79,700 105,300 105,300 100,300 100,300 201,354 303,360 202,778 301,660 190,067 286,125 78 53 - 05-30-300-035.000-004 ST JOHN, ANN 62,500 59,600 67,090 86,100 68,191 84,000 40,388 40,388 37,388 37,388 37,856 37,856 79 53 - 05-30-300-036.000-004 COWDEN, DONALD - 26,900 5,230 26,900 8,477 34,800 13,075 36,600 14,623 38,100 13,956 39,400 80 53 - 05-30-300-037.000-004 BOARD OF COMM. MONROE CO. - - - - - - - - - - - - 81 53 - 05-30-300-038.000-004 Echo Properties, LLC 52,050 71,400 59,330 89,500 60,614 85,500 69,588 95,800 69,858 95,800 68,526 98,200 82 53 - 05-30-300-039.000-004 WINEINGER, TINA 88,000 33,100 44,500 44,500 44,000 44,000 29,340 29,340 29,340 29,340 42,275 42,275 83 53 - 05-30-300-040.000-004 Seeber, John E Jr. 23,850 17,370 22,570 22,570 33,235 61,600 45,246 81,300 45,634 79,400 44,258 81,300 84 53 - 05-30-300-041.000-004 H2R LLC 1,900 1,900 2,210 3,500 2,290 3,500 2,527 3,500 2,538 3,500 2,458 3,500 85 53 - 05-30-300-042.000-004 PRINCE, ANCIL 600 600 700 1,100 722 1,100 797 1,100 800 1,100 775 1,100

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02 Pay 03 05 Pay 06 06 Pay 07 07 Pay 08 08 Pay 09 09 Pay 10 10 Pay 11Base Year Base Net Base Net Base Net Base Net Base Net

REAL ESTATE NAME Net AV AV Taxable AV Taxable AV Taxable AV Taxable AV Taxable AVPARCEL #

MONROE COUNTY, INDIANA

NORTH PARK 46 ECONOMIC DEVELOPMENT TIF DISTRICT

HISTORY OF THE North Park 46 TIF DISTRICT

86 53 - 05-30-400-002.000-004 SEEBER, JOHN 5,600$ 3,800$ 3,300$ 3,300$ 5,600$ 5,600$ 5,600$ 5,600$ 5,600$ 5,600$ 5,600$ 5,600$ 87 53 - 05-30-400-003.000-004 ZZ STATE - - - - - - - - - - - - 88 53 - 05-30-400-004.000-004 K & S Rolloff Holdings LLC 2,000 2,000 2,000 2,000 2,000 2,000 16,777 43,200 17,838 43,200 16,585 43,200 89 53 - 05-30-400-006.000-004 State of Indiana - - - - - - - - - - - - 90 53 - 05-30-400-007.000-004 INDIANA LIMESTONE 1,500 7,000 2,410 6,200 3,692 10,500 4,759 10,500 4,973 10,500 4,682 10,500 91 53 - 05-30-400-008.000-004 HANNA Properties LLC 2,500 265,600 118,170 597,600 115,115 464,800 167,722 464,800 90,767 232,400 83,924 232,400 92 53 - 05-30-400-009.000-004 INDIANA LIMESTONE 500 2,400 810 2,100 1,255 3,600 1,622 3,600 1,696 3,600 1,595 3,600 93 53 - 05-30-400-010.000-004 ZZ STATE - - - - - - - - - - - - 94 53 - 05-30-400-011.000-004 ZZ STATE - - - - - - - - - - - - 95 53 - 05-30-400-012.000-004 ZZ STATE - - - - - - - - - - - - 96 53 - 05-30-400-013.000-004 STIDD, RAYMOND 522,300 518,900 547,840 653,700 560,507 663,000 596,288 676,400 594,203 683,600 579,212 679,900 97 53 - 05-30-400-014.000-004 STAR QUARRY 77,600 214,800 109,960 244,100 139,957 331,100 170,990 331,100 176,395 331,100 168,214 331,100 98 53 - 05-31-100-001.000-004 HAHN, JAMES 54,600 54,600 55,510 59,300 55,636 57,300 60,052 64,400 59,379 64,400 58,795 66,200 99 53 - 05-31-100-002.000-004 MAIDI 1,600 1,600 1,620 1,700 1,624 1,700 1,755 1,900 1,500 1,500 1,500 1,500

100 53 - 05-31-100-003.000-004 Quality Realty 74,100 74,100 75,620 81,900 75,726 78,600 82,549 90,300 81,712 90,300 75,363 77,300 101 53 - 05-31-100-004.000-004 STAR QUARRY 1,000 1,000 3,720 15,000 4,410 15,000 6,031 15,000 6,386 15,000 102 53 - 05-31-100-005.000-004 Wyatt, Junior 62,000 62,000 34,000 34,000 32,500 32,500 21,336 21,336 21,336 21,336 21,562 21,562 103 53 - 05-31-100-042.000-004 McElhinney, Shayne 3,800 3,800 5,280 11,400 5,651 11,400 8,021 15,300 8,263 15,300 7,857 15,300 104 53 - 05-31-100-052.000-004 Cassady, Randy 5,000 5,000 2,100 2,100 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 105 53 - 05-31-100-045.000-005 ZZ STATE - - - - - - - - - - - - 106 53 - 05-31-100-071.000-005 ZZ STATE - - - - - - - - - - - - 107 53 - 05-31-101-001.000-004 ZZ STATE - - - - - - - - - - - - 108 53 - 05-31-101-002.000-004 ZZ STATE - - - - - - - - - - - - 109 53 - 05-31-101-003.000-004 ZZ STATE - - - - - - - - - - - - 110 53 - 05-31-101-005.000-004 ZZ STATE - - - - - - - - - - - - 111 53 - 05-31-101-006.000-004 WEVER, JAMES 2,500 2,500 2,990 5,000 3,109 5,000 4,074 6,700 4,144 6,700 3,977 6,700 112 53 - 05-31-101-007.000-004 STURGIS G S 94,800 131,500 97,640 109,400 99,841 112,700 102,495 106,800 101,999 108,900 94,500 94,500 113 53 - 05-31-101-008.000-004 STURGIS G S 18,200 37,200 13,400 13,400 15,800 15,800 15,800 15,800 15,800 15,800 15,800 15,800 114 53 - 05-31-101-009.000-004 ZZ STATE - - - - - - - - - - - 115 53 - 05-31-101-010.000-004 GRIFFEY, JAMES 22,250 15,770 18,470 18,470 18,670 18,670 6,422 6,422 42,056 72,700 19,422 19,422 116 53 - 05-31-101-011.000-004 McElhinney, Shayne 20,200 20,200 21,310 25,900 21,764 26,000 24,968 31,500 24,923 31,500 24,457 32,100 117 53 - 05-31-101-012.000-004 VOGT, KENNETH 16,350 16,350 16,970 19,550 17,355 19,700 27,665 46,200 28,174 46,200 27,438 47,400 118 53 - 05-31-101-013.000-004 HACKER, STEPHEN 2,600 2,600 - - - - - - - - - - 119 53 - 05-31-101-014.000-004 HACKER, STEPHEN 2,100 2,100 2,370 3,500 - - - - - - - - 120 53 - 05-31-101-015.000-004 ZZ STATE - - - - - - - - - - - - 121 53 - 05-31-101-016.000-004 ZZ STATE - - - - - - - - - - - - 122 53 - 05-31-101-017.000-004 ZZ STATE - - - - - - - - - - - - 123 53 - 05-31-101-018.000-004 STURGIS G S 16,900 12,500 8,400 8,400 9,900 9,900 9,900 9,900 9,900 9,900 9,900 9,900 124 53 - 05-31-101-019.000-004 TRD Enterprises 41,900 34,500 37,700 37,700 39,800 39,800 40,700 40,700 38,000 38,000 37,500 37,500 125 53 - 05-31-101-020.000-004 Huesman, Wade M 13,250 46,300 20,570 50,900 18,978 36,300 18,270 25,925 17,980 24,885 17,986 26,510 126 53 - 05-31-101-021.000-004 VOGT, KENNETH 8,300 4,150 5,450 5,450 5,450 5,450 10,577 13,800 10,580 13,800 10,347 14,000 127 53 - 05-31-101-022.000-004 HACKER, STEPHEN 2,300 2,300 2,830 5,000 2,958 5,000 3,940 6,700 1,600 1,600 1,600 1,600 128 53 - 05-31-101-023.000-004 WEVER, JAMES 100 100 200 600 222 600 353 800 370 800 347 800 129 53 - 05-31-101-024.000-004 WEVER, JAMES 20,500 14,700 8,300 8,300 9,700 9,700 9,900 9,900 10,000 10,000 9,900 9,900 130 53 - 05-31-101-025.000-004 STURGIS G S 5,400 15,600 4,000 4,000 4,700 4,700 4,700 4,700 4,700 4,700 4,700 4,700 131 53 - 05-31-101-026.000-004 ZZ STATE - - - - - - - - - - - - 132 53 - 05-31-101-027.000-004 ZZ STATE - - - - - - - - - - - - 133 53 - 05-31-101-028.000-004 Sturgis, Robert C. 3,350 10,000 5,440 14,100 6,006 14,100 8,930 18,600 9,277 18,600 8,805 18,700 134 53 - 05-31-101-029.000-004 WEVER, JAMES 16,900 9,300 14,300 14,300 14,300 14,300 18,392 19,300 18,165 19,300 17,806 19,300 135 53 - 05-31-101-030.000-004 TRD Enterprises 7,500 4,100 7,810 9,100 7,965 9,100 9,504 12,300 9,502 12,300 9,233 12,300 136 53 - 05-31-101-031.000-004 HACKER, STEPHEN 600 600 - - - - - - - - - - 137 53 - 05-31-101-032.000-004 HACKER, STEPHEN 2,700 2,700 3,520 6,900 3,723 6,900 5,137 9,300 5,268 9,300 5,026 9,300 138 53 - 05-31-101-033.000-004 McElhinney, Shayne 33,600 33,600 34,980 40,700 22,600 22,600 9,532 9,532 9,532 9,532 9,870 9,870 139 53 - 05-31-101-034.000-004 HACKER, STEPHEN 12,300 12,300 - - 2,320 2,320 5,720 5,720 3,720 3,720 4,020 4,020 140 53 - 05-31-101-035.000-004 HACKER, STEPHEN 700 700 1,030 2,400 470 470 924 1,270 927 1,270 899 1,270 141 53 - 05-31-101-036.000-004 HACKER, STEPHEN 26,050 26,050 15,610 15,610 - - - - - - - -

Page 24: MONROE COUNTY, INDIANA - WordPress.com · MONROE COUNTY, INDIANA Bloomington Township State Road 46 TIF District PURPOSE OF REPORT The purpose of this Report is to analyze the tax

02 Pay 03 05 Pay 06 06 Pay 07 07 Pay 08 08 Pay 09 09 Pay 10 10 Pay 11Base Year Base Net Base Net Base Net Base Net Base Net

REAL ESTATE NAME Net AV AV Taxable AV Taxable AV Taxable AV Taxable AV Taxable AVPARCEL #

MONROE COUNTY, INDIANA

NORTH PARK 46 ECONOMIC DEVELOPMENT TIF DISTRICT

HISTORY OF THE North Park 46 TIF DISTRICT

142 53 - 05-31-101-037.000-004 ZZ STATE -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 143 53 - 05-31-101-038.000-004 WEVER, JAMES 200 200 1,210 5,400 1,467 5,400 2,742 7,300 2,927 7,300 2,714 7,300 144 53 - 05-31-101-039.000-004 ZZ STATE - - - - - - - - - - - - 145 53 - 05-31-101-040.000-004 STURGIS, ROBERT 17,000 19,900 17,470 19,400 18,613 23,000 19,780 23,000 19,647 23,000 19,180 23,000 146 53 - 05-31-101-041.000-004 LENNING, FREDDIE 14,000 14,000 14,610 17,150 14,867 17,250 11,558 11,558 11,558 11,558 11,766 11,766 147 53 - 05-31-101-042.000-004 ZZ STATE - - - - - - - - - - - - 148 53 - 05-31-203-018.000-004 HANNA, WILLIAM - 545,700 97,130 499,700 125,404 514,800 175,150 490,300 189,864 494,700 181,289 511,800 149 53 - 05-31-203-026.000-004 HANNA, WILLIAM - 471,300 224,790 1,156,500 338,210 1,388,400 509,840 1,427,200 558,462 1,455,100 484,322 1,367,300 150 53 - 05-20-300-011.000-004 RATTS, LARRY 800 800 3,910 16,800 5,526 20,200 7,754 20,200 8,256 20,200 7,598 20,000 151 53 - 05-20-300-003.000-004 Dry Creek Inc 300 300 1,840 8,200 2,614 9,800 3,703 9,800 3,950 9,800 3,664 9,800 152 53 - 05-20-300-035.000-004 BRUMMETT, JAMES 17,600 - - - - - - - - - - - 153 53 - 05-19-300-004.000-004 Logan Land Development 40,400 35,200 35,400 35,400 41,482 43,600 43,971 46,300 44,012 47,800 43,387 48,600 154 53 - 05-19-400-029.000-004 SCALES, GILBERT 65,000 52,520 48,720 48,720 52,320 52,320 29,780 29,780 34,460 34,460 39,140 39,140 155 53 - 05-20-200-034.000-004 FURR, BRUCE 12,000 9,800 9,800 9,800 12,246 12,700 12,887 13,300 12,947 13,900 12,827 14,300 156 53 - 01-27-890-101.000-004 CSX 53,600 53,600 109,660 342,000 96,462 228,000 6,800 6,800 6,800 6,800 6,800 6,800 157 53 - 01-27-890-100.000-004 CSX 17,700 17,700 36,280 113,300 31,931 75,500 2,300 2,300 2,300 2,300 2,300 2,300 158 53 - 05-29-200-004.000-004 YATES, HELEN 900 700 700 700 900 900 962 1,000 949 1,000 966 1,100 159 53 - 05-19-300-002.000-004 ZZ STATE - - - - - - - - - - - - 160 53 - 05-30-200-014.000-004 ZZ STATE - - - - - - - - - - - - 161 53 - 05-30-100-010.000-004 ZZ STATE - - - - - - - - - - - - 162 53 - 05-30-200-015.000-004 ZZ STATE - - - - - - - - - - - - 163 53 - 05-20-300-026.000-004 ZZ STATE - - - - - - - - - - - - 164 53 - 01-23-325-500.000-004 ZZ STATE - - - - - - - - - - - - 165 53 - 05-29-300-050.000-005 ZZ STATE - - - - - - - - - - - - 166 53 - 05-29-200-010.000-005 ZZ STATE - - - - - - - - - - - - 167 53 - 05-20-300-030.000-004 ZZ STATE - - - - - - - - - - - - 168 53 - 05-20-300-027.000-004 ZZ STATE - - - - - - - - - - - - 169 53 - 05-20-300-015.000-004 ZZ STATE - - - - - - - - - - - - 170 53 - 05-20-300-007.000-004 ZZ STATE - - - - - - - - - - - - 171 53 - 05-20-300-008.000-004 ZZ STATE - - - - - - - - - - - - 172 53 - 05-20-200-006.000-004 ZZ STATE - - - - - - - - - - - - 173 53 - 05-20-300-025.000-004 ZZ STATE - - - - - - - - - - - - 174 53 - 05-20-300-034.000-004 ZZ STATE - - - - - - - - - - - - 175 53 - 05-20-300-040.000-004 ZZ STATE - - - - - - - - - - - - 176 53 - 05-20-200-022.000-004 ZZ STATE - - - - - - - - - - - - 177 53 - 05-20-300-029.000-004 ZZ STATE - - - - - - - - - - - - 178 53 - 05-20-300-004.000-004 ZZ STATE - - - - - - - - - - - - 179 53 - 05-20-300-005.000-004 ZZ STATE - - - - - - - - - - - - 180 53 - 05-20-200-030.000-004 ZZ STATE - - - - - - - - - - - - 181 53 - 05-31-101-016.000-014 ZZ STATE - - - - - - - - - - - - 182 53 - 01-23-221-000.000-004 ZZ STATE - - - - - - - - - - - - 183 53 - 05-20-300-009.000-004 Bishop and Nice LLC - 26,000 19,530 100,500 18,976 77,900 27,828 77,900 29,898 77,900 27,594 77,900 184 53 - 05-30-100-012.000-004 ZZ STATE - - - - - - - - - - - -

Subtotal 6,314,950$ 8,128,870$ 6,479,030$ 10,858,030$ 6,882,395$ 11,259,040$ 7,182,781$ 10,574,509$ 7,010,395$ 10,154,689$ 6,821,114$ 10,061,242$

Grand 6,971,250$ 8,811,570$ 7,277,730$ 11,974,630$ 7,689,195$ 12,179,740$ 8,026,695$ 15,452,909$ 7,834,056$ 15,658,289$ 7,619,557$ 15,350,742$ Total Base Year Assessed Value 6,971,250 6,971,250 7,277,730 7,277,730 7,689,195 7,689,195 8,026,695 8,026,695 7,834,056 7,834,056 7,619,557 7,619,557

-$ 1,840,320$ -$ 4,696,900$ -$ 4,490,545$ -$ 7,426,214$ -$ 7,824,233$ -$ 7,731,185$

Total Net Assessed Value

Incremental Net Assess. Value