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City of Roseville,, Minnesota <br />do <br />1400 <br />so so <br />so <br />10 so <br />so • <br />do <br />so <br />so <br />so <br />I me <br />so so <br />so so <br />so <br />10 10 do go so so so <br />• so I so <br />so so M JIMMIM <br />Section R Excess Tax Increment <br />In any year in which the tax imcrememts from the TI District exceed the amolun�t necessary to, pay the estimated <br />public costs authorized by the TIF'Plan, the City shall use the excess tax imcrememts to,: <br />(1) pre ay any olutstamd�im g tax imcrememt boin�d�s; <br />(2) d�isch�arge the pledge of tax imcrememts th�ereolf; <br />(3) pay amolun�ts into, an escrolw accolun�t dedicated to, the paymen�t of the tax imcrememt boin�d�s; oir <br />(4) return excess tax imcrememts to, the Colun�ty Aud�itoir for redistribution to, the City, Colun�ty and Schololl <br />District. T'h�e Colun�ty Aud�itoir must re oirt to, the Colmmissiolnmer of Education the amolun�t of any <br />excess tax imcrememt redistributed to, the Schololl District within 30 days of such red�istributiolnm. <br />SPRINGS�TED Page 8 <br />