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3. Fundamentals of Tax Increment Financing (TIF) 6. Summary of Individual Tax Increment Financing Districts 16 16 Tax Increment Financing Redevelopment District No. 26 – Active Brighton Corporate Park III Description: This Redevelopment District was established to assist with the development of a mixed-use development consisting of 32 housing units, 60,000 square foot of commercial/retail development, and 306,000 square feet of light industrial development within the Development District. Adopted: 07/28/1997 Requested Date: 08/15/1997 Certified Date: 01/22/1999 First Year Increment 1999 Decertifies: 12/31/2024 Modifications: 03/27/2001- Budget modification 11/25/2003- Budget modification 12/14/2004- Budget modification 12/13/2005- Budget modification Current PIN Number(s): 29.30.23.13.0058 through 29.30.23.13.0186 29.30.23.42.0032 through 29.30.23.42.0034 29.30.23.42.0036 through 29.30.23.42.0037 29.30.23.43.0005 29.30.23.43.0023 29.30.23.43.0025 63-910200 (Personal Property) Frozen Tax Rate: 122.918% Fiscal Disparities Election: Option A – outside district.