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TIF REPORT PART 3
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05-22-2012
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TIF REPORT PART 3
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TIF #31 — Northwest Quadrant (West Side) <br /> Description: <br /> This Redevelopment District was established in order to assist with the development of 54 row craftsman townhomes, 40 urban row <br /> townhomes, 120 urban townhomes, 118 gable townhomes, 132 condominiums, 40 executive townhomes, 168 loft units, and 80,1000 <br /> sq ft of office space within the Development District. <br /> Adopted: 12/14/2004 <br /> Requested Date: 12/23/2004(TIF District) <br /> 06/14/2006(Hazardous Substance Subdistrict&Geographic Expansion) <br /> Certified Date: 09/30/2005 (TIF District) <br /> 04/19/2007(Hazardous Substance Subdistrict&Geographic Expansion) <br /> Decertifies 12/31/2035 <br /> Modifications: 12/14/2004-Budget modification <br /> 12/13/2005-Budget modification <br /> PIN Numbers' <br /> Current PIN t4tumber(s) TIF District <br /> 20.30.23.42.0015 through 20.30.23.42.0018 <br /> 20.30.23.43.0065 Original District <br /> 20.30.23.42.0019 through 20.30.23.42.0023 Original HSS <br /> 20.30.23.14.0006 through 20.30.23.14.0007 Expanded District <br /> 20.30.23.13.0006 through 20.30.23.13.0007 <br /> 20.30.23.14.0012 through 20.30.23.14.0013 Expanded HSS <br /> 20.30.23.42.0011 through 20.30.23.42.0014 <br /> Fiscal Disparities Election: The City elected to calculate fiscal disparities from outside(A election)the district. <br /> Frozen Tax Rate: 110.985%-Original TIF District <br /> 111.508%-Geographic Expansion <br /> First Receipt of Increment: July 2006 <br /> Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 187 <br />
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