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C� <br />K. <br />L. <br />2. <br />3. <br />reduction or enlargement of the geographic <br />boundaries of the district; <br />change due to stipulations, adjustments, <br />negotiated or court-ordered abatements. <br />Estimated Captured Net Tax Capacity <br />Pursuant to Minnesota Statutes, Section 469.175 Subdivision <br />l and Minnesota Statutes, Section 469.177 S���division 2, the <br />Es�imated �aptured Market Net Tax Capacity of Tax Increment <br />Financing District No. il will annually approximate <br />$114,000,000 based upon fiscal disparities being contributed <br />from w�thin Tax Increment Financing District No. 11. The <br />amount calculated includes removal of buildings. Land value <br />has been c�lcula�ed as a constant. �h�s a�ount will be <br />captured far up to twenty-�ive years or until the City's <br />outstan�ing tax incremen� bonds are retired ar until all <br />capital and administration expenses of Development District <br />No. 1 have been p�id. �he City intends to use 100� of the <br />available tax inc�em�nts �or the purposes set forth in this <br />tax i��r�m��t fi�ancing plan. See Sec�ion ZZ regarding the <br />City's el�ctian to contribut� to the metropolitan area-widQ <br />fiscal d�spari�ies pool. <br />Duration oP the DiStrict <br />� Pursuant to Mi��esot� Statutes, Section A69.17G, Subdiv�sion <br />1, the dura�ion �f a�ax incgem�nt financing district within <br />Dev�lopm��t �i�tric� �o, 1 must b� indic�ted Wlt�l� the t�x <br />incr�m�nt f�n�ncin� p1�n. Th� dur�taon of Tax Increment <br />����n��ng �istri�L No. 11 will be �5 y�ars from the date of <br />rec�ipt �f �he �irst tax i�crement. Thus, it is estimat�d <br />that Tax Iricr�m�nt Fi��nci�g District No. 11, inclu�ing any <br />modific�tions to the finance plan �or subsequent phases or <br />other chang�$, woul� t�rmin�t� tw�nty-five years from th� <br />collection of khe first t�x in�rem�nt. <br />M. <br />N. <br />�J <br />Estim�t�d impact on Oth�� Taxinq Jurisdictions <br />The es�imat�d impact of Tax Incr��ent Fin�ncing District No. <br />11 on th� other taxinq jurisdi�tions within such Distriet �s <br />set forth in Exhibit �: <br />Modi�ieati4ns af th� Tax Incr�men� Financing District <br />In accordance with Minnesot� Statut�s, Section 4G9.175, <br />su�di�i�ion 4, any reduction or enlargem@nt financing <br />district, incre�s� in amount of bond�d indebt�dness to be <br />incurred, including a det�rmination or ca�italiz� int�rest <br />dn d�bt if that determ�nation was not a part of the original <br />plan, or to incr�ase or de�reas� th� amount of interest on <br />th� deb� to be rapitalized, increase in the portion of the <br />captured Net Tax Capacity to be retained by the City, <br />