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Five Year Rule MN Statute 469.1763 subd 3 states that for Post-1990 districts, tax increment is only considered to be expended on an in-district activity if certain activities occur. For redevelopment and renewal&renovation districts certified after June 30, 2003 and before April 20, 2009 this deadline is extended to ten years due to the downturn in the economy. We recommend the City monitor the Five Year deadlines to avoid missing any obligation opportunities. TIF District Five Year Rule Revenues Paid Bonds Issued Contracts Reimburse Housing Deadline to Third Party Am. Entered Party Purpose TIF District 5 Pre-1990 District TIF District 6 Pre-1990 District TIF District 7 Pre-1990 District TIF District 8 Pre-1990 District l TIF District 9 Pre-1990 District 1 TIF District 10 Pre-1990 District TIF District II Pre-I990 District 1 TIF District 12 Pre-I990 District TIF District 14 Pre-1990 District TIF District 15 Pre-1990 District TIF District 16 Pre-1990 District TIF District 17 Pre-1990 District TIF District 18 Pre-1990 District TIF District 19 10/13/1998 03/06/1996 03/06/1996 TIF District 20 09/29/1998 02/01/1997 TIF District 23 11/14/1999 11/27/2001 TIF District 25 1 1/20/2001 I 02/01/1997 TIF District 26 01/22/2004 03/01/2001 TIF District 27 01/22/2004 11/27/2001 TIF District 28 01/22/2004 I 1 03/01/2001 TIF District 29 10/15/2004 I 03/01/2001 TIF District 30 06/28/2014 I 03/06/2007 TIF District 31 09/30/2015 07/16/2006 TIF District 32 04/19/2017 f 07/16/2006 TIF District 33 06/11/2017 C 03/06/2007 Management Review&Analysis-Tax Increment Financing Districts February 2012 New Brighton, Minnesota Page 19