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3. Fundamentals of Tax Increment Financing (TIF) 6. Summary of Individual Tax Increment Financing Districts 34 34 Tax Increment Financing Redevelopment District No. 32 – Active New Brighton Exchange (East Side) Description: This Redevelopment District was established in order to assist with the development of several corporate headquarters/office space including CSI, TUV SUD, DSI, etc. within the Development District. Adopted: 12/13/2005 Requested Date: 06/14/2006 (TIF District) 06/14/2006 (Hazardous Substance Subdistrict) Certified Date: 04/19/2007 (TIF District) 04/19/2007 (Hazardous Substance Subdistrict) Decertifies: 12/31/2036 Modifications: None Current PIN Number(s): 20.30.23.14.0014 Original & HSS District 20.30.23.41.0021 and 20.30.23.41.0028 20.30.23.41.0084 and 20.30.23.41.0085 20.30.23.44.0028 21.30.23.32.0016 and 21.30.23.32.0017 Fiscal Disparities Election: The City elected to calculate fiscal disparities from outside (A election) the district. Frozen Tax Rate: 111.508% First Receipt of Increment: July 2007