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TIF #8 — Rush Lake Business Park <br /> Description: This Redevelopment District was established in 1985 within the Development District in order to assist in the <br /> development of a 30,000 sq ft office/manufacturing/warehouse facility and three office/showroom facilities totaling 107,000 sq ft <br /> Adopted: 10/22/1985 <br /> Requested Date: 11/22/1985 <br /> Certified Date: 02/05/1986 <br /> Decertifies 12/31/2012 <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 /> it PIN Nuii►r er:s <br /> Current PIN Number(*) <br /> 21.30.23.22.0015 <br /> 21.30.23.22.0016 <br /> 21.30.23.22.0017 <br /> 21.30.23.22.0018 <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 1987 <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 /> Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 43 <br />