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TIF #17 — County Road D / Interstate <br /> Description: <br /> This Redevelopment District was established in order to assist in the development of a 80,000 sq ft office/showroom facility to be <br /> constructed in two phases within the Development District. <br /> Adopted. 04/25/1989 <br /> Requested Date: 05/02/1989 <br /> Certified Date: 06/08/1990 <br /> Decertifies 12/31/2016 <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 /> Current PIN Number(s) <br /> 32.30.23.43.0013 <br /> Fiscal Disparities Election: The City elected to calculate fiscal disparities from outside(A election)the district. <br /> Frozen Tax Rate: 91.863% <br /> First Receipt of Increment: July 1991 <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 /> O <br /> Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 91 <br />