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TIFDistrict
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Projected
GCS_NAD_1983_HARN_Adj_MN_Hennepin
Linear Unit: Foot_US (0.304801)
NAD_1983_HARN_Adj_MN_Hennepin_Feet
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ItemDescription
Esri ArcGIS 10.4.1.5686
TIF Districts
Areas that are part of a Tax Increment Financing (TIF) district
<DIV STYLE="text-align:Left;"><DIV><DIV><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>Polygons representing active Tax Increment Financing (TIF) districts.</SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>Tax Increment Financing (TIF) is a tool that can be used to facilitate growth within the city’s established Redevelopment Areas. Tax Increment Financing (TIF) uses the additional property taxes (the increment) that are paid as a result of a new development to pay for the development costs. The city must find that the development would not happen through solely private investment and that the new development will result in a net increase in market value for the site.</SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>The result of a TIF project is an increased tax base that will benefit all local taxing jurisdictions. Additionally, TIF districts usually spur economic development and redevelopment through creating jobs, removing blight, and providing more affordable housing.</SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>Learn More about TIF Districts at: </SPAN></SPAN><A href="https://storymaps.arcgis.com/stories/bed7b9e77d4541549ad8097e390d90ea" STYLE="text-decoration:underline;"><SPAN STYLE="text-decoration:underline;"><SPAN>https://storymaps.arcgis.com/stories/bed7b9e77d4541549ad8097e390d90ea</SPAN></SPAN></A></P></DIV></DIV></DIV>
The City of Golden Valley, MN
Golden Valley
Golden Valley MN
Hennepin County
Planning
Developments
Redevelopment
Land Use
Revitalization
Renewal
Taxes
Tax Increment Financing
<DIV STYLE="text-align:Left;"><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>The information provided on this site (the “Information”) is for reference purposes only and the City of Golden Valley (the “City”) does not guarantee the accuracy or completeness of the Information. The Information is not intended to be used for legal, engineering, surveying, or other official purposes. The Information is furnished on an ‘as is’ basis and the City provides no warranties, either express or implied, of the merchantability or fitness of the Information for any purpose. This disclaimer is provided pursuant to Minnesota Statutes § 466.03, subd. 21.</SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN> </SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>For questions or comments, please contact the City of Golden Valley. </SPAN></SPAN></P><P /><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>City of Golden Valley – Community Development Department </SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>7800 Golden Valley Rd </SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN><SPAN>Golden Valley, MN 55427 </SPAN></SPAN></P><P STYLE="margin:0 0 11 0;"><SPAN>763-593-8030</SPAN></P></DIV>
Feature Class
dataset
Esri
9.0.0
0
Simple
FALSE
0
TRUE
FALSE
TIFDistrict
Feature Class
0
OBJECTID
OBJECTID
OID
4
10
0
Internal feature number.
Esri
Sequential unique whole numbers that are automatically generated.
Shape
Shape
Geometry
4
0
0
Feature geometry.
Esri
Coordinates defining the features.
RedevArea
Redevelopment Area
String
254
0
0
Type
Type
String
50
0
0
CertDate
Certification Date
Date
8
0
0
DecertDate
Decertification Date
Date
8
0
0
EMVTOTAL
Est Market Value
Double
8
38
8
TAXCAPACITY
Tax Capacity
Double
8
38
8
TOTAL
Total
Double
8
38
8
Site
Site Name
String
50
0
0
Shape.STArea()
Shape.STArea()
Double
0
0
0
Shape.STLength()
Shape.STLength()
Double
0
0
0
20240808