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Five Year Rule: <br /> MN Statute 469.1763 which places limits on the amount and the length of time in which revenues from the TIF district may be used <br /> for activities outside the district was effective for districts with certification requests after April 30, 1990 and does not apply to this <br /> district. <br /> Geographic Enlargements: <br /> MN Statute 469.175 sub 4 (f) 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 Brighton Corporate Park District may not be enlarged after June 1994 <br /> Recommendations: <br /> This pre-1990 TIF District has a healthy fund balance. These funds could be used towards larger bonded debt payments on any of <br /> the three pooled debt obligations or other TIF projects. <br /> • Budget Modifications: Not recommended. <br /> • Administrative Costs Limit: 10%of expenditures is expected to be $850,169 or 9.4%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 /> isManagement Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 81 <br />