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TIF #7 — 2050 Highway 8 <br /> Description: This Redevelopment District was established in 1985 within the Development District in order to assist in the <br /> development of a light manufacturing facility. <br /> Adopted: 05/14/1985 <br /> Requested Date: 06/18/1985 <br /> Certified Date: 11/08/1985 <br /> Decertifies 12/31/2013 <br /> Modifications: 03/27/2001-Budget modification <br /> 11/25/2003-Budget modification <br /> 12/14/2004-Budget modification <br /> 12/13/2005-Budget modification <br /> 12/13/2011-Budget modification <br /> Current PIN Number(s) <br /> 17.30.23.41.0011 <br /> 17.30.23.41.0012 <br /> 17.30.23.41.0014 <br /> Fiscal Disparities Election: The City elected to calculate fiscal disparities from outside(A election)the district. <br /> Frozen Tax Rate: N/A <br /> First Receipt of Increment: July 1988 <br /> Allowable Uses: <br /> MN Statute 469.176 sub 4j specifies the activities on which tax increment from a redevelopment district may be spent. In general, <br /> tax increment must be spent correcting those conditions which caused the area to be designated a redevelopment district. Allowable <br /> O <br /> Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 37 <br />