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Five Year Rule: MN Statute 469.1763 which places limits on the amount and the length of time in which revenues from the TIF district may be used for activities outside the district was effective for districts with certification requests after April 30, 1990 and does not apply to this district. Geographic Enlargements: MN Statute 469.175 sub 4 (f) places limits on the length of time a TIF district may add parcels. No parcels may be added five years after the certification date. Donatelle/Printcraft may not be enlarged after 12/31/1989. Recommendations: This pre-1990 district is in good shape for the final year of tax increment. Any remaining fund balance can be used for pooling to other districts, including TIF#31 &TIF#32 to assist in debt or interfund loan payments. • Budget Modifications: Completed 12/13/2011 due to changes in 2010 TIF reporting forms • Administrative Costs Limit: 10%of expenditures is expected to be $412,589 or 9.9%at the end of the district. • Pooling Limitation: Pre-1990 district. Pooling limits do not apply. • 5-Year Rule: Pre-1990 district. The 5-Year Rule does not apply. • 4-Year Rule: Met December 1988 • Developer Obligations: The original obligations of this district have been met. Management Review&Analysis-Tax Increment Financing Districts February 2012 New Brighton, Minnesota Page 25