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3. Fundamentals of Tax Increment Financing (TIF) 6. Summary of Individual Tax Increment Financing Districts 20 20 City of New Brighton, MinnesotaTax Increment Financing (Redevelopment District No. 26Brighton Corporate Business Park IIIPrior Years Actual ProjectedExpenses 2020 & Prior 2021 2022 2023 2024Accumulated Admin Expenses 1,950,625 1,267,218 1,290,881 1,290,881 1,290,881 1,290,881 Accumulated Total Expenses 19,506,250 13,565,854 14,588,983 15,438,983 16,288,983 17,702,647 Allowable Admin 10% 9.3% 8.8% 8.4% 7.9% 7.3%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. 3