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Re so financing district ...o no demolition,, rehabilitation or renovation of parcel or other site preparation Fincluding improvement of a street adjacent to a property but not installation of utility service including sewer or water systems, has been commenced'on a parcel located within a tax increment financing district by the authority or by the owner of the parcel in accordance with the tax increment financing plan, no additional tax increment may be taken from that parcel . and the original Net - Tax Capacity of that parcel shall be excluded from the original Net Tax Capacity of the tax increment financing district* If the authority or the owner - of the parcel subsequently commences demolition, rehabilitation or renovation or other site preparation on that parcel including improvement of a street adjacent to that parcel, in accordane with the tax increment financing plant the authority shall certify to the county auditor in the annual disclosure report that the activity has commenced. The county auditor shall certify the value thereof as most recently -certified by the commissioner of revenue and add it to the original Net Tax Capacity-of the tar increment financing districts Limitation on the Use of Tax Increment All revenue derived from tax increment shall be used in accordance with the tax increment financing plan. The revenues shall be used to finance or otherwise pay -public capital and administration costs pursuant to Minnssota Statutes, Section 469.124 through 469.134,9 These revenues shall not be used to circumvent existing levy'limit law. No revenues derived from tax increment shall be used for the construction,. renovation, operation or maintenance of a building to be used primarily and regularly for conducting the business of a municipality, county, school district, or any other local unit of government or the state or federal government; this provision shall not prohibit the use of revenues derived from tax increments for the construction or renovation of a parking structure , ' a commons area used as a public parr or a facility used for social, recreational or conference purposes and not primavily for conducting the business of the municipality. Notification of prior planned Improvements Pursuant to Mi nesota StjLtuesp Section 469177, Subdivision 4, the City has reviewed and searched the properties to be included in -the tax increment financing. redevelopment district. o peirmits have been issued for any of the prof ects. under considerations To Excess Tax Increment Pursuant to Minnesota Sts es, Section 469.176, Subdivision r in any year in which the tar increment exceeds the amount