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Geographic Enlargements: <br /> 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 <br /> after the certification date.The 2050 Highway 8 District may not be enlarged after November 1990. <br /> Recommendations: <br /> This pre-1990 district is in good shape until the district expires in 2013. Any remaining fund balance can be used for pooling to <br /> other districts, including TIF#31 &TIF#32 to assist in debt or interfund loan payments. <br /> • Budget Modifications: Completed 12/13/2011 due to changes in 2010 TIF reporting forms. <br /> • Administrative Costs Limit: 10%of expenditures is expected to be$312,351 or 9.4%at the end of the district. <br /> • Pooling Limitation: Pre-1990 district. Pooling limits do not apply. <br /> • 5-Year Rule: Pre-1990 district. The 5-Year Rule does not apply. <br /> • 4-Year Rule: Met November 1989 <br /> • Developer Obligations: The original obligations of this district have been met. <br /> Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 39 <br />