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Recommendations: <br /> This district currently has a $0 cash balance while paying off the interfund loan from the Municipal Development Fund and other <br /> debt obligations. The City is currently exploring options for additional projects in this district to pay for existing debt. In the <br /> meantime,pooling from Special Legislation Districts and Pre-1990 districts are assisting to meet the needs of this district. <br /> • Budget Modifications: Not recommended. <br /> • Administrative Costs Limit: 10%of expenditures is anticipated to be $1,843,984 or 22.9%at the end of the district. <br /> • Pooling Limitation: This district currently has $0 available for pooling outside the district. <br /> • 5-Year Rule: Deadline is September 2015. The 2006A Bonds have been issued. <br /> • 4-Year Rule: Met September 2011. <br /> • Developer Obligations: This district is paying an interfund loan to the Municipal Development Fund along with the 2006A <br /> and 2007B bonds. <br /> Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 190 <br />