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Five Year Rule: MN Statute 469.1763 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. In general, for the NWQ Special Law TIF district,at least 75%of tax increment revenues must be used to pay for qualified costs within the district. This is considered the 'in district' percent. Subdivision 3 of this section of the statute further specifies that within five years, tax increment must actually be paid for activities, bonds issued, contracts entered into in order for revenues to be considered to have been spent.In 2009, the Minnesota Legislature extended the time frame of this provision from five years to ten for districts certified between June 30, 2003 and April 20, 2009. The ten year deadline is April 2017. 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 NWQ Special Law TIF may not be enlarged after April 2012 Special Legislation: In 1998 Session Laws(Chapter 389, Section 24),the Minnesota Legislature approved the creation of this TIF District. In 2008 Session Laws (Chapter 366, Section 24), the Minnesota Legislature allowed pooling from TIF Districts 9, 20, & 26 to this TIF district and TIF District#31 in the Northwest Quadrant. 0 Management Review&Analysis-Tax Increment Financing Districts February 2012 New Brighton, Minnesota Page 201