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4. City of New Brighton TIF District Summary
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<br /> Many cities utilize TIF as a development tool as they realize the benefits it can provide. However, there sometimes may
<br /> be concern if the tool may be over or underutilized. Measuring a city's use of TIF as compared to existing tax base is one
<br /> way of understanding how it is being used. A common measurement of TIF usage is the percentage of gross tax base
<br /> captured in TIF districts. The chart below demonstrates the City's current and projected tax base that is captured on an
<br /> annual basis in the TIF districts.
<br /> Projected Captured TIF Tax Capacity
<br /> Decertification Actual Actual Actual Projected
<br /> Date 2019 2020 2021 2022 2023 2024 2025 2026
<br /> 1 I
<br /> TIF 17 County Road D/Interstate 12/31/2016 $ - $ - $ - $ - $ - $ - $ - $ -
<br /> TOF 18 Remmelle,CBD West 12/31/2018 $ - $ - $ - $ - $ - $ - $ - $ -
<br /> TIE 20 Lakeview Business Park North 12/31/2020 $ 339,978 $ - $ - $ - $ - $ - $ - $ -
<br /> TIF 23 Thomdale Plaza 12/31/2019 $ 18,517 $ - $ - $ - $ - $ - $ - $ -
<br /> TIF 25 Lakeview South 12/31/2018 $ - $ - $ - $ - $ - $ - $ - $ -
<br /> TIF 26 Brighton Corporate Business Park III 12/31/2024 $ 807,366 $ 839,703 $ 855,122 $ 855,122 $ 855,122 $ 855,122 $ 855,122 $ 855,122
<br /> TIF 27 Ken's Market(Cleveland&County Road D) 12/31/2023 $ 27,700 $ 30,850 $ 35,008 $ 35,008 $ 35,008 $ 35,008 $ 35,008 $ 35,008
<br /> TIF 28 Rice Creek Center 12/31/2016 $ - $ - $ - $ - $ - $ - $ - $ -
<br /> TIF 29 BCPII South(Soo Line) 12/31/2021 $ 34,222 $ 34,932 $ 38,062 $ 38,062 $ 38,062 $ 38,062 $ 38,062 $ 38,062
<br /> TIF 30 Brighton Village-Beisswenger's 12/31/2019 $ 315,232 $ - $ - $ - $ - $ - $ - $ -
<br /> TIF 31 Northwest Quadrant(West Side) 12/31/2035 $ 1,071,087 $ 1,090,591 $ 1,171,990 $ 1,171,990 $ 1,171,990 $ 1,171,990 $ 1,171,990 $ 1,171,990
<br /> TIF 32 Northwest Quadrant(East Side) 12/31/2036 $ 651,886 $ 697,876 $ 762,704 $ 762,704 $ 762,704 $ 762,704 $ 762,704 $ 762,704
<br /> TIF 33 Manis Transmission 12/31/2033 $ 16,790 $ 18,373 $ 21,284 $ 21,284 $ 21,284 $ 21,284 $ 21,284 $ 21,284
<br /> TIF 34 Midtown Village 12/31/2047 $ - $ - $ - $ - $ - $ - $ - $ -
<br /> Total Captured $ 3,282,778 $ 2,712,325 $ 2,884,170 $ 2,881,171 $ 2,884,170 $ 2,884,170 $ 2,884,170 $ 2,884,170
<br /> Total Tax Capacity 28,334,429 30,099,680 32,566,901 32,566,901 32,566,901 32,566,901 32,566,901 32,566,901
<br /> Percentage of Tax Base in TIF I 11.59% 9.01% I I 8.86% I I 8.86% I 8.86% I 8.86% 8.86% I 8.86%
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