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increment, but it is able to capture the amount which would under normal circumstances <br /> go to the county and school district. Therefore the City is able to leverage great amounts <br /> of money knowing they will be able to recoup their investment through the captured <br /> increment. <br /> According to Ehlers &Associates "TIF Basics" increment may be used to assist <br /> development with; land acquisition; site improvements; public and on-site utilities; <br /> demolition; relocation; and to some extent administration. This allows the City to, for <br /> example, provide land to a business to develop on. By removing such a large cost the <br /> City is able to financially assist businesses in developing in the City. <br /> The key element that dictates all TIF funding is the but for test, if a project does <br /> not meet the requirements of a but for test, it is therefore ineligible for funding through <br /> TIF, and as previously explained should truly be ineligible for all City funding. The <br /> ability to pass the test, ensures that any assistance that is contributed is done in the <br /> publics interest and not just as a private industry subsidy. <br /> What appeals to Cities with TIF is the ability to provide substantial assistance to <br /> development, which will ultimately grow the tax base of the City. Additionally, the City <br /> ultimately is repaid for their assistance, and does not have to shoulder any financial <br /> burden. <br /> For example the City of New Brighton is seeking to use TIF financing to provide <br /> a site for the new Medtronic corporate headquarters. In doing so they will pay for the <br /> cost of the development of the site, thus significantly reducing the cost to Medtronic, <br /> which allows them to relocate to New Brighton; something that would not happen <br /> without the use of TIF. In return for their investment the City will have a new piece of <br />