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Pooled Debt Service The allocations of pooled debt payments may be subject to change based on pooling opportunities,cash flow, and other factors. We recommend a periodic review of the allocation of all pooled debt obligations. The current allocation of pooled debt was determined by the City's previous financial advisor. Pooled debt service schedules are located at the end of this document. Excess Increment on TIF Reporting As of December 13, 2011, the following districts had budget modifications completed to avoid generating excess increment on the TIF reporting forms: • TIF#5: Printcraft—Donatelle • TIF #7: 2050 Highway 8 • TIF#8: Rush Lake Business Park • TIF#10: JLN Development • TIF#11: Trainor Enterprises • TIF#12: Harstad Office Building • TIF#20: Lakeview Business Park North At this time there are no other districts with Excess Increment on the Annual TIF Reports. We recommend this be monitored annually. Four Year Rule MN Statute 469.176 sub 6 requires that, within four years from certification date, certain activities must have taken place on each parcel with the TIF district. Required activities include demolition, rehabilitation, renovation and site improvements. If these activities have not taken place within the required time, the parcel is `knocked down' from the district, meaning, that no increment may be collected from that individual parcel for the duration of the district. The law, does, however allow for reinstatement procedures should the required activity later occur on the parcel. The following districts have had parcels removed from the district due to inactivity: • A list of parcels (if any) is pending from Ramsey County. Management Review&Analysis-Tax Increment Financing Districts February 2012 New Brighton, Minnesota Page 18