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return the excess amount to the Anoka County auditor, who shall distribute <br />the excess amount to the City, the County and Independent School District <br />No. 11 in direct proportion to their respective tax capacity rates. <br /> <br /> In addition, the City may choose to modify the TIF Plan again in order to provide for <br />other public improvements within the Development District <br /> <br />K. Limitation of Increment. <br /> <br />No increment may be paid to the City from the TIF District after three years <br />from the date of certification of the original tax capacity of the taxable real <br />property in the TIF District by the county auditor unless within the three year <br />period (a) bonds have been issued pursuant to Section 469.178 of the TIF <br />Act, or Co) the City has acquired property within the TIF District, or (c) the <br />City has constructed or caused to be constructed public improvements <br />within the TIF District. <br /> <br />If, after four years from the date of certification of the original tax capacity <br />of the TIF District, no demolition, rehabilitation, or renovation of property or <br />other site preparation, including qualified improvement of a street or <br />right-of-way adjacent to a parcel but not installation of underground utility <br />service, including sewer or water systems, have been commenced on a <br />parcel located within the TIF District by the City, or by the owner of the <br />parcel in accordance with the T1F Plan, no additional increment may be <br />taken from that parcel, and the original tax capacity of that parcel shall be <br />excluded from the original tax capacity of the TIF District. If one of these <br />activities subsequently commences, the City will so certify to the county <br />auditor, and the tax capacity of the property as most recently certified by the <br />commissioner of revenue will be added to the TIF District's original tax <br />capacity. <br /> <br />No tax increment will in any event be paid to the City from the TIF District <br />after nine years from the date of receipt by the City of the first increment, or <br />eleven years after the date of approval of the TIF Plan, whichever occurs <br />first. <br /> <br />Pursuant to §469.176, subd. 4c of the TIF Act, revenue derived from tax <br />increments from TIF District No. 6 will not be used to provide assistance in <br />any form to developments consisting of buildings and ancillary facilities, if <br />more than 14 percent of the buildings and facilities (determined on the basis <br />of square footage) are used for a purpose other than: <br /> <br />(1) <br /> <br />the manufacturing or production of tangible personal property, <br />including processing resulting the' change in condition of the <br />property; <br /> <br />SJB-151910 <br />RA125-52 26 <br /> <br /> <br />