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The Economic Increments Construction Fund was established in 1990 to account for the revenues and expenditures of additional increments received in excess of the bonded tax increment debt service. The Construction Reserve was established in 1992 to account for the revenue associated with defeased and called bond issues and expenditures for improvemenu of a permanent nature. The Tas Increment Project Fund was established to account for the revenues and expenditures for the vazious projects associated with the creation of the various tax increment financing districts. Tas Increment Districts The City Council took action on October 13, 1982, to form a Municipal Development District and two Tax Increment Financing Districu, with an additional Development District and Tax Increment Financing Disirict being formed in 1984. In 1985, the City substantially modified its Ta�c Increment Plans to create one development district and several tax increment districts. As of December 31, 1994, the City has tweive tax increment districts. The City Council is responsible for administering the tax increment projects. Agency Funds The Northwest Youth and Family Service Agency is a sepazate nonprofit organization which was established under a joint powers agreement between the City of Roseville and other governmental units. In accordance with the terms of the agreement, the City provides accounting services to the Agency. The Grass Lake Water Management Organization is a separate nonprofit organization which was established under a joint powers agreement between the City of Roseville and the City of Shrive. In accordance with the terms of the agreement, the City provides accounting services to the Organization. The Defeired Compensation fund is to account for those funds which aze held in trust by trustees for future retirement benefits for City employees. The Community Development Block Grant Fund accounts for funds held in trust associated with the block grants awazded to the City through Ramsey County. The Local Development Corporation accounts for funds held in trust from block grants and other sources for the special housing needs related to low and moderate income people. The North Suburban Cable Commission is a joint powers agency for which the City provides investment services of their surplus funds. 0