Laserfiche WebLink
Geographic Enlargements: <br /> MN Statute 469.175 sub 4 (t) places limits on the length of time a TIF district may add parcels. No parcels may be added five years <br /> after the certification date.The Harstad Office Building District may not be enlarged after June 1993. <br /> Recommendations: <br /> This pre-1990 TIF District has a healthy fund balance. These funds could be used towards larger bonded debt payments on the <br /> 2004A pooled debt or to assist other TIF districts. <br /> • Budget Modifications: Completed 12/13/2011 due to changes in TIF reporting. <br /> • Administrative Costs Limit: 10%of expenditures is expected to be $210,447 or 7.7%at the end of the district. <br /> • Pooling Limitation: Pre-1990 district. Pooling limits do not apply. <br /> • 5-Year Rule: Pre-1990 district. The 5-Year Rule does not apply. <br /> • 4-Year Rule: Met June 1992 <br /> • Developer Obligations: The original obligations of this district have been met. <br /> Management Review&Analysis-Tax Increment Financing Districts0 <br /> February 2012 <br /> New Brighton, Minnesota Page 69 <br />