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C� <br />O. <br />� <br />increase in total estimated ta �t nc�Qm �e a�� ea ub�s <br />designation of additional prQp y <br />authority shall be appzoved upon the notice and aft�r <br />discussion, public hearing and findings required <br />approval of the or�ginal plan. <br />The ge�graphic area of a <br />district may be reduc�d, but shall <br />increment financing <br />be enlar�ed after f�.ve years Ne�o1T��ln�apac ty d�Y <br />certificat�i�o�+°gTaxh inc�rem t Finan�ing District No. 11 <br />county au <br />therefore, be expanded until. 1995. <br />Limltation on Administrariv� Expenses <br />or <br />the <br />the <br />for <br />tax <br />not <br />of <br />the <br />may <br />In accorc�ance wi�h '�"�� "n�cnta ��atutes, Sec�ian 469.17�, <br />,.� �.. ��.�tu�esy Sectican 4S9.i76, <br />�ubdiv�sion 14, ��a ��n���°t� � <br />Subdivision 3, administr�°tive exa ���,�s a�.d �or t�e <br />�xpenditures of an �ut� a�� s��� �,��� ��,n�ra��c�x�s o�° others <br />purchase of land or am � �ncludinc� architectuxa3. <br />prov3ding materials and servic�s, car�nect�d wi�k� �h� <br />�ndl en�in�erirtg �ervi�e�r �3�.rectly <br />h sical dc�v+�lopment of the real grop��`t�Y id�d� �o ige�°�or►� <br />P � <br />rQlocati�n ben�fits p�id tm o� se�vic�� � <br />r��i�dinq or busine�ses Io�at�d �.n t�� � i��r �-�o�, °�gll �.�ta <br />used to p�y int�rast an� funs� � re�exv � <br />di�coun� bond� issued pursaa�n�t t�� s�i��for ser�icc�s <br />Adn��r+i��tra�ive expens�es inc�.ud��� a�n�u� p <br />I� <br />�o�rid�d by bofld counse�l � fis��l c�r�sul���� in�r me���sh��.lg. <br />o� �conomic devalo�am�nt con�u.i��r�t�. No � <br />b� usQd to p�y ��y administra�ivQ ��� ��1� � x increm�nt <br />whic� esc�:e�d tmn p�rcent oi the <br />exp�n��tur�s �uthor�.z�� �� �h� t�x in+crem�t�� gina�ncing ���n <br />or thm to�al t�x incr�mc�n+� exp�nc�itur�� £or thc� pr�����+ <br />wt�ieh�ver i� ��s� � <br />P, Limitati�n ora �u�°at�.an of '��x In�r�ment Fi.na�ncing Qi��r�.ct� <br />Pur�u�n� to �inn� � St��u���, ��c�i�n 4��.'�7�, �u�bd�v�sis�n <br />�n �au�hor���v t��c�e <br />x� �ena �a� �n�r a�� �of c rtific��iotx j� th� Cou�nt�r AUd3,tor <br />y�a►�� �rom �he c� <br />ur�l��� wi�hin �he thr��-ye�r p 78 �oz ti�n A d do� ag pra j�ct <br />i�su�d� pur�u�n� to Sect�an 4�9.i <br />pur�u�a�t to any o�h�� l�w, ex�Qpt �'@v�nuc� �rio� to �the <br />� to ��cti�on 4�i� . 152 through � b9 . 1G� � p , <br />gu��u�n th� �utho�a.ty� h�s �►eqo�ir�d <br />�f�ec�iv� d�►�� o� th� Ac�t; o�' i�) th� �uthc�ri� ��� <br />propert}� wi�hin t�� district; or (3) �' <br />cons�ruc+t�d or c�us�d t� b� constructed publ�.� �m�rov�m�z�ts <br />wa.thin the di���'iet . �. Th� Ci'ty must, �h�r�fare, i��s�� <br />bon�s, er �►Cquir� �rop��r��r, o� canstrv�t or cau�� �utalie <br />impro�ements to be con�truct�d by 199d o�' ��@ a€€i�� Q� ��� <br />�our�ty �uditor may d���olve Tax Increment District No. 11. <br />�, Limitation on (��a��.f ication ot Property Tax <br />Financing Di.s�rict not Sut�ject to Imp�ov�ment <br />L:J <br />incr�ment <br />