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TABLE OF CONTENTS • TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 16 SECTION I. MODIFIED DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT I-1 SECTION II. TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 16 Section A. Statutory Autl.)rity II-1 Section B. Statement of Objectives II-1 Section C. Development Program Overview II-2 Section D. Description of Property in District No. 16 I1-2 Section E. Classification of the Tax Increment Financing District 11-3 Section F. Property To Be Acquired 1I-4 Section G. Estimate of Costs I1-4 Section H. Estimated Amount of Loan/Bonded Indebtedness II-4 Section I. Sources of Revenue 11-4 Section J. Original Tax Capacity II-5 Section K. Amount of Captured Tax Capacity I1-5 Section L. Duration of the District 11-5 Section M. Estimated Impact on Other Taxing Jurisdictions I1-6 S Section N. Modifications of the Tax Increment Financing District I1-6 Section O. Ar' ninistrative Expenses I1-7 Section P. Duration of Tax Increment Financing Districts II-7 Section Q. Limitation on Qualification of Property in Tax Increment District Not Subject to Improvement I1-7 Section R. Limitation on the Use of Tax Increment 11-8 Section S. Notification of Prior Planned Improvements 11-8 Section T. Excess Tax Increments 1I-9 Section U. Requirement for Agreements with the Developer 1I-9 Section V. Assessment Agreements I1-9 Section W. Administration of District and Maintenance of the Tax Increment Account 11-9 Section X. Financial Reporting Requirements II-10 Section Y. Municipal Approval II-11 Section Z. County Road Costs 11-12 Section AA. Reduction in State Tax Increment Financing Aid I1-13 Section AB. Economic Development and Job Creation I1-13 Section AC. Summary I1-13 EXHIBIT A Boundary Map of Tax Increment Financing District No. 2-8 A-1 EXHIBIT B Cashflow Analysis and Base Value Analysis B-1 EXHIBIT C Minnesota Business Assistance Form C-1 •