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39 change due to stipulations, adjustments negotiated or court ordered abatements@ Ke Estimated Captured Estimated Market value Pursuant to 9 innesots =tntes, Section 469.175 Subdivision 1 and Minnesotg fitatutes, Section 469.177 Subdivision 2. the Net Tax Capacity of Tax Increment Financing District No. 13 will annually approximate $521726 based upon fiscal disparities- being contributed from within Tax Incre 'ment Financing District loo. 13. The amount calculated includes removal of the building. Land value has been calculated as a constants This amount will be captured for, up to twenty - five years or to the extent permitted under the tax increment financing law until the C ity ' s outstanding tax increment bonds are retired or until all capital and administration expenses of Development District loo. 1 have been paid. The City intends to use 100% of the available tax increments for 25 years for the purposes set forth in this tax increment financing plane Le Duration of the District Pursuant to in esot sites, Section 469.176, Subdivision Is the duration of_a tax increment financing district within Development District No. 1 mast be indicated within the tax increment financing plane The duration of Tax Increment Financing 'Di stria No. 13 will be 25,yeare from the date of r6ce ipt of the first tax increments Thus, it is estimated that Tax Increment Financing District No. 13, .including any modifications to the finance plan for subsequent phases or other changes, would terminate twenty -five years from the collection of the first tax increment MIS Estimated Impact on other Taxing Jurisdictions The estimated impact of Tax Increment Financing District No. 13 on the other Jurisdictions within such District is set forth in Exhibit Do No Modifications of the Tax Increment Financing District In accordance with Minnesota 6tatutes, Section 4699175, subdivision 4, any reduction or enlargement financing district increase in amount of - bonded indebtedness to be incurred, including a' determination or capitalize interest on debt if that determination was not a part of the original plan, or to increase or decrease the amount of interest on the debt to be capitalized, increase in the portion oft the captured Ket Tax' capacity to be retained by the City; increase in total estimated tax increment expenditures or designation of additional property to be acquired by the authority shall be approved upon the, nonce and after the