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TIF #12 — Harstad Office Building <br /> Description: <br /> This Redevelopment District was established in order to facilitate the development of a 42;000 sq ft office printing facility within the <br /> Development District <br /> Adopted- 02/24/1987 <br /> Requested Date: 03/04/1987 <br /> Certified Date: 06/02/1988 <br /> Decertifies 12/31/2014 <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 F <br /> Num ber(s) <br /> 18.30.23.34.0076 <br /> 18.30.23.34.0078 <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 1989 <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 Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 67 <br />