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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 />