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TIF #11 — Trainor Enterprises <br /> Description: <br /> This Redevelopment District was established in order to assist in the development of a 15,000 sq ft commercial printing facility <br /> within the Development District <br /> Adopted: 05/13/1986 <br /> Requested Date: 03/03/1987 <br /> Certified Date: 04/03/1987 <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 /> = i*.N N. <br /> Current PIN Nber(s) <br /> 21.30.23.23.0007 <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 /> uses include property acquisition, demolition, rehabilitation, installation of public utilities, road, sidewalks, public parking facilities, <br /> and allowable administrative expenses. <br /> Management Review&Analysis-Tax Increment Financing Districts0 <br /> February 2012 <br /> New Brighton, Minnesota Page 61 <br />