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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. The Remmele, CBD West District may not be enlarged after October 1997. Recommendations: Improving cash balances allowed this district to pay off its interfund loan in 2008. Significant shifts in Administrative costs reduced the percentage from 14% to 12% in 2010, with plans to reduce this to the 10% required amount prior to district expiration. Since this is a pre-1990 district, any remaining fund balance at the end of the district can be used for pooling to other TIF districts, including TIF 31 &TIF 32 to assist with their outstanding obligations. • Budget Modifications: Not recommended. • Administrative Costs Limit: 10%of expenditures is expected to be $607,984 or 10.0%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 October 1996 • Developer Obligations: The original obligations of this district have been met. Management Review&Analysis-Tax Increment Financing Districts February 2012 New Brighton, Minnesota Page 99