Laserfiche WebLink
6. Summary of Individual Tax Increment Financing Districts 37 City of New Brighton, MinnesotaTax Increment Financing (Redevelopment District No. 26Brighton Corporate Business Park IIIPrior Years ActualExpenses 2017 & Prior 2018 2019 2020 2021-2024Accumulated Admin Expenses 1,950,625 1,267,218 1,267,218 1,267,218 1,267,218 1,267,218 Accumulated Total Expenses 19,506,250 11,004,623 11,759,843 12,509,843 13,709,843 17,909,843 Allowable Admin 10% 11.5% 10.8% 10.1% 9.2% 7.1%Due to Special Legislation there are no pooling limitations for this TIF District to the Northwest Quadrant TIF District #31 and #32.Available balances could be used for pooling or admin (subject to 10% limit)Administrative Expenses Limit Test MN Statutes 469.176 Subd. 3Projected