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providing materials and services, including architectural and engineering services, directly connected with the physical development of the real property in the district, relocation benefits paid to or services provided for persons residing or businesses located in the district or amounts used to pay interest on, fund a reserve for, or sell at a discount bonds issued pursuant to Section 469,178, Administrative expenses includes amounts paid for services provided by bond counsel, fiscal consultants, and planning or economic development consultants* No tax increment shall be used to pay any administrative expenses for a project which exceed ten percent of the total tax increment expenditures authorized by' the tax increment financing plan or the total tax increment expenditures for the project, whichever is less. P. Limitation on Duration of Tax Increment Financing Districts Pursuant to Minnesota Statutes, Section 469,176, ubd i v i s i on 1, "no tax increment shall be paid by an authority three years from the date of certification by the county Auditor unless within the three -year period (1) bonds have been issued pursuant to section 469,178 or in aid of a project pursuant to any other lair, except revenue ]ponds issued pursuant to section 469.152 through 469,165, prior to the effective date of the Act; or ( ) the authority has acquired propvty within the district; or ( 3 ) the authority has constructed or caused to be constructed public improvements within the district ..; The city must, therefore, issue bonds or acquire property, or construct or cause public improvements to be constructed by 1990 or the office of the County Auditor may dissolve Tax Increment District No. 12* Limitation on Qualification of property Tax Increment Financing District not subject to Improvement Pursuant to Minnesota Statutes section 469.176F Subdivis ion 6 , "if, after four years from the date of certification of the Original Estimated Market Value of the tax increment financing district ..�, no demolition, rehabilitation or renovation of parcel or other .site preparation including improvement of a street adjacent to a property but not installation of utility service including sever or grater 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 accordance with the tax