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Recommendations: <br /> This district is a pre-1990 district with no outstanding obligations. However, funds are available for pooling to other TIF districts <br /> and to Districts#31 &#32, in accordance with the special legislation. <br /> • Budget Modifications: Not recommended. <br /> • Administrative Costs Limit: 10%of expenditures is expected to be $185,970 or 5.9%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 February 1990 <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 51 <br />