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TIF #29 — BCPII South (Soo Line) <br /> Description: <br /> This Redevelopment District was established in order to assist with the development of a 49,600 sq ft multi-purpose <br /> manufacturing/office/warehouse facility within the Development District. <br /> Adopted- 06/22/1999 <br /> Requested Date: 06/29/1999 <br /> Certified Date: 10/15/1999 <br /> Decertifies 12/31/2027 <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 /> Number(s): <br /> anINONStrithifFial <br /> 29.30.23.43.0024 <br /> 29.30.23.44.0051 <br /> 29.30.23.44.0053 <br /> Fiscal Disparities Election: The City elected to calculate fiscal disparities from outside(A election)the district. <br /> Frozen Tax Rate: 122.614% <br /> First Receipt of Increment: July 2002 <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 /> el Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 165 <br />