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TIF #30 — Brighton Village — Beisswenger's <br /> Description: <br /> This Redevelopment District was established in order to assist with the demolition of the existing Brighton Village Shopping Center <br /> and development of a 12,500 sq ft drug store, two retail buildings totaling 28,750 sq ft, a 28,000 sq ft medical office building, a <br /> 3,000 food restaurant and relocation of Beisswenger's to a new site with a 41,000 sq ft building within the Development District. <br /> Adopted. 11/25/2003 <br /> Requested Date: 12/16/2003 <br /> Certified Date: 06/28/2004 <br /> Decertifies 12/31/2031 <br /> Modifications: 12/14/2004-Budget modification <br /> 12/13/2005-Budget modification <br /> Current PIN Number(s): <br /> urrent PIN Number* <br /> r C <br /> 16.30.23.33.0011 <br /> 16.30.23 33.0012 <br /> 19.30.23.43.0042 <br /> Fiscal Disparities Election: The City elected to calculate fiscal disparities from outside(A election)the district. <br /> Frozen Tax Rate: 116.307% <br /> First Receipt of Increment: July 2006 <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 /> Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 175 <br />