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NOV. 30. 2001 4: 08PM EHLERS & ASSOCIATES NO. 3468 P. 7/8 <br /> Tax Increment Financing District <br /> Certification Request Supplement <br /> 1. TIF District Location(Municipality/County)- City of Orono Ilennepin,County....,,:._._..__.—_ <br /> 2. TIF District Name &Number: Tax Increment Fiiiancing.D.istrict No 1-1 <br /> 3. [TZ I New District El District Expansion Hazardous Substance Subdistrict <br /> 4. District Type: <br /> a. Redevelopment (M.S. 469. o 174, Subd. 10). <br /> Maximum Duration: 25 years tax increments. <br /> b. I "I Housing(M.S. 469.174, Subd. 11). <br /> Maximum Duration: 25 years of tax increments. <br /> c. Mined Underground Space (M.S. 469.174, Subd_ 13). <br /> Maximum Duration: 25 years of tax increments. <br /> d. nRenewal and Renovation(M.S. 469.174, Subd. l0a). <br /> Maximum Duration: 15 years of tax increments. <br /> e. Housing Repplacement 1995 Laws, Chapter 264, Article 5, Sections 44-47). <br /> Maximum Duration: 15 years of tax increments from each parcel. <br /> f. Soils Condition (M.S. 469.174, Subd. 19. <br /> Maximum Duration: Tax increment may be received for 12 years from the <br /> approval of the tax increment plan by the municipality. <br /> g. nEconomic Development(M.S. 469.174, Subd. 12). <br /> Maximum Duration: In the 11 year period following the approval of the tax <br /> increment plan by the municipality, 9 years of tax increment may be received <br /> 5. If the district is a Redevelopment, Housing or a Hazardous Substance Subdistrict, is the <br /> minimum market value tax increment delay option elected(M.S. 469.175, Subd. 1, <br /> Paragraph(b))? <br /> n Yes Li No <br /> 6. Does the district have extended duration limits provided by a special law? <br /> Yes X No If yes, law citation_ _— <br /> (Over) <br />