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(c) For districts for which certification was requested after July 31,2001, no tax increment may be used to pay any administratioe expenses for a project which exceed ten percent of total <br /> estimated tax increment expenditures authorized by the tax increment financing plan or the total tax increments,as defined in section 469.174,subdivision 25,clause(1),from the <br /> dis,r ci.v,'hicheter Is less. <br /> 1F31Northwest 111--33-NoruNAesl 1,33MiNe <br /> T1F30 Brighton 11F31 Northwest Quadrant(West 1F32-Northwest Quadrant(East <br /> Village- Quadrant(West Side)-Hazardous Quadrant(East Side)-Hazardous Transmission Site <br /> Beisswenger Side)-Regular TV Substance Side)-Regular TWF Substance Office Cando <br /> Administrative Costs Test Subdistrict Subdistrict Cave ent <br /> TEST 1: 'Admin per TIE Pian 770.000 5,560,000 260.000 6.000.000 480.000 47.5001 <br /> TEST 2: Estimated T1F Admin Allowable(10%) 1.200.000f 3.515.000 399.100 8.552.800 825,300 88,750 <br /> Estimated Total IF Expenditures per TIF Plan <br /> TEST 3: Cumulative TIF Admin Allowable(10%) 126.5131 1.804.120 39.864' 1.220.086 72.846 55.421 <br /> Total TIF Expenditures for the Project 5,677,091 7,689,864 464,688 5,288,369 957,154 561,422 <br /> !Actual Percentage 2.2% 23.8% 8.6% 23.1% 7.6% 9.9% <br /> Delinquent Taxes for Existing Districts <br /> When property owners within a tax increment district pay their taxes late or not at all, it can affect a city's ability to pay outstanding <br /> obligations on time or require the city to find alternative temporary sources (such as an interfund loan) until those property taxes are <br /> paid. If there are delinquent taxes when a TIF district expires,the city can notify the county auditor when there are outstanding bonds <br /> or contractual obligations that will go unpaid or be paid by other sources. (MS. 469.176 Subd 11) In that case, the county will <br /> continue to send the delinquent tax increment to the city even after the district has expired. The county auditor may request <br /> information regarding the amount of outstanding obligations or other information necessary to administer the payment. On the <br /> following page is a table that shows the tax increment still outstanding by district as of December 31, 2010. <br /> Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 14 <br />