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. generated by TIF District No. 2 in excess of those funds <br />necessary to pay existing debt service. <br />6.) Estimated Impact of the TIF District on Other Taxing <br />Jurisdictions - Because the proposed public development <br />activities will be paid for with tax increment currently retained <br />by the city under the TIF Plan, the estimated impact on other <br />taxing jurisdictions, as described in the TIF Plan, will remain. <br />unaffected. In addition, many private development activities <br />undertaken without the creation of new Tax Increment <br />Districts, will go directly to the local taxing jurisdictions, <br />thereby creating a positive impact. <br />7.) Administrative Procedures and Requirements - This <br />Modification is being made pursuant to the Modification <br />Procedure explained in the TIF Plan and Minnesota Statutes, <br />Section 469.175, subd. 4, solely for the purpose of funding public <br />development activities as authorized by the TIF Plan and <br />Minnesota Statutes. <br />• <br />• <br />