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increment financi�g plan, the authority shall certify to the <br />county auditor in the annual disclosure report that the <br />� activity has commenced. The county auditor shall certify <br />�he value thereof as most recently certifinal Net Tax <br />commiss�oner of revenue and add i� to the Origi <br />Ca�acity of the tax increment fin�ncing district. <br />R. <br />S. <br />�J <br />T. <br />� <br />Limita�ion on the Use oi Tax Increment <br />All revenue derived from taX ementernfinanc g planused The <br />acco�dance w;.th the tax incr <br />revenues shall be use� to finance or otherwise pay pupli� <br />capital and administration costs pursuan� to Minn��ot� <br />�tatutes Sec�ion 469.124 throuqh 469.134. These re�e�ues <br />shall no� be used t4 circumv�nt existi�g levy limit law. �o <br />revenues derived from tax incr�ment shall be used for the <br />constructian, renovat�on, operation ar ma�ntenance nf a <br />building to b� used pr�marily and regularly fo� conduct�ng <br />th� busin�ss of a municipa�. e� me g�or athehstate�oY'rfede3:'al <br />any other Iocal unit of gov <br />government; this pro�r�.sion � Qm� t�°for �th� �� nstructi n or <br />revenues d�erived frs�m tax incr <br />renaya�ion of a parking str�ctux��, a common� aXea useci as a <br />public par� or a fa�cility ��'d�,�mar l�� for ca duc ing 1 th� <br />conf�rence p�rposes and rto p Y <br />bu.s�ness of �h� municipality. <br />N��ification af Prio� Plar�ned Imprav�m�x��� <br />Pursuan� tc� Mi nnpf�c��a S�atu��, S�ctio� 469. �.77, Subdivis�.on <br />4� �he City has x�uiewed an+3 searcY�ed the prop�rties t� be <br />included in th� ta�t incr�men� fin�ncing redeveXap�me:n°t <br />distri.ct�. No �e�mits have been i�suer� fox� a►ny of the <br />prajects under consideration. <br />Exc�s� Tax Incr�mer►� <br />Pursu�nt to M�.�ne�o�a Statut�s, Sec�ion 4690176, Subdiv.�sion <br />2, in any year in which the �ax �ncreme�nt exceeds th� a�no�ant <br />necessary to pay �he ��sts a�essar � tQ ��a�cc�lt�ny �tax��.evy <br />p�.an t includinq �he amou�nt ne Y <br />as prov ided in ���n �hall u�� tri�e excess amdount to� 5 � 61, <br />Subdivision 3, th� C3.ty <br />1. <br />2. <br />�repa� its outstandinq tax increm��t h�nds; <br />di.scharg� the pledge of tax inGrement therefore; <br />3, pay into ar� escrow account dedicated to the <br />payment of �uch bond; <br />4, repay any loans i.ncluding inter�st on these lo�ns; <br />or <br />