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3. Fundamentals of Tax Increment Financing (TIF) 6. Summary of Individual Tax Increment Financing Districts 27 27 Tax Increment Financing Redevelopment District No. 31 – Active Northwest Quadrant a.k.a “New Brighton Exchange” (West Side) Description: This Redevelopment District was established in order to assist with the development of a large mixed-use site with owner-occupied homes, multifamily housing and office/commercial space within the Development District. Adopted: 12/14/2004 Requested Date: 12/23/2004 (TIF District) 06/14/2006 (Hazardous Substance Subdistrict & Geographic Expansion) Certified Date: 09/30/2005 (TIF District) 04/19/2007 (Hazardous Substance Subdistrict & Geographic Expansion) First Year Increment 2006 Decertifies: 12/31/2035 (HSS – 12/31/2036) Modifications: 12/14/2004- Budget modification 12/13/2005- Budget modification Current PIN Number(s): 20.30.23.42.0015 through 20.30.23.42.0018 Original District 20.30.23.42.0028 through 20.30.23.42.0029 20.30.23.43.0065 20.30.23.41.0030 through 20.30.23.41.0083 Original HSS 20.30.23.42.0026 through 20.30.23.42.0027 20.30.23.42.0030 through 20.30.23.42.0033 20.30.23.42.0052 through 20.30.23.42.0059 20.30.23.13.0009 through 20.30.23.13.0067 20.30.23.14.0012 20.30.23.14.0016 through 20.30.23.14.0027