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• 6.) Estimated Impact of the TIF District on Other Taxing <br />Jurisdictions - Because the proposed public development <br />activities will be financed through tax increment funds <br />currently retained by the city under the TIF Plan, the estimated <br />impact on other taxing jurisdictions, as described in the TIF <br />Plan, will remain unaffected. In addition, many private <br />development activities undertaken without the creation of new <br />Tax Increment Districts, will go directly to the local taxing <br />jurisdictions, thereby creating a positive impact. <br />7.) Administrative Procedures and Requirements - This <br />Modification is being made pursuant to the Modification <br />Procedure outlined in the TIF Plan and Minnesota Statutes, <br />Section 469.175, subd. 4, solely for the purpose of funding public <br />development activities in accordance with the Plan and <br />Minnesota Statutes. <br />• <br />• <br />