The Cass County Board of Supervisors, earlier this week, approved an Annual Urban Renewal Report for Fiscal Year 2014-15, that ended June 30th, 2015. Local governments are required to complete and submit an annual report showing all TIF activity within each of their urban renewal areas during the preceding fiscal year

The report, presented by Cass County Auditor Dale Sunderman, indicated Cass County had one active TIF area: the Amaizing Energy Urban Renewal Area. Sunderman says $277,000 of the original $520,000 bond was outstanding as of July 1st, 2014. $26,000 of the bond was paid by TIF funds in Fiscal Year 2015, leaving a bond balance of $251,000. In addition, interest expense of nearly $9,460 was paid. TIF revenues for FY 2015 was slightly more than $44,217. The Ending TIF fund balance was $20,796.

The Annual Urban Renewal Report for Fiscal Year 2014-2015, will be filed with the State of Iowa.