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7 6. Summary of Individual Tax Increment Financing Districts <br /> V <br /> Tax Increment Financing Redevelopment District No. 30 - Decertified <br /> 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 square foot drug store, two retail buildings totaling 28,750 square feet, a 28,000 square foot medical <br /> office building, 3,000 square foot restaurant and relocation of Beisswenger's to a new site with a 41,000 square foot building within <br /> the Development District. <br /> Adopted: 11/25/2003 <br /> Requested Date: 12/16/2003 <br /> Certified Date: 06/28/2004 <br /> First Year Increment 2006 <br /> Decertifies: 12/31/2019 <br /> Modifications: 12/14/2004- Budget modification <br /> 12/13/2005- Budget modification <br /> Current PIN Number(s): <br /> Current PIN Number(s) <br /> 16.30.23.33.0011 <br /> 16.30.23.33.0012 <br /> 19.30.23.43.0042 <br /> Frozen Tax Rate: 116.307% Fiscal Disparities Election: Option A—outside district. <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, tax <br /> 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, and <br /> allowable administrative expenses. <br /> 33 <br />