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a) Prepay any outstanding bonds; <br /> • b) Discharge the pledge of tax increment therefor; <br /> c) Pay into an escrow account dedicated to the payment <br /> of such bonds; or <br /> d) Return the excess amount to the County Auditor for <br /> distribution to the City, County, and school district in <br /> proportion to their respective mill rates . <br /> 4 . Tax Increment Account <br /> Pursuant to Minn. Stat. S 469 . 177, subd. 5, the tax <br /> increment received as a result of increases in the assessed <br /> value of the property within the TIF District will be <br /> maintained in a special account or accounts separate from all <br /> other municipal accounts and expended only as provided in this <br /> TIF Plan and as allowed by Minnesota Statutes § 469 . 174, et <br /> seq. <br /> 5 . Limitation on Administrative Expenses <br /> Pursuant to Minn. Stat . § 469 . 176, subd. 3, no tax <br /> increment shall be used to pay any administrative expenses <br /> which exceed 10% of the total tax increment expenditures <br /> authorized by this TIF Plan, or the total tax increment <br /> expenditures for the project, whichever is less . <br /> 6 . Limitation on Increment <br /> Pursuant to Minn . Stat . § 469 . 176 , subd. 6, if, after <br /> four years from the date of certification of the original <br /> assessed value of the TIF District, no demolition, <br /> rehabilitation, or renovation or other site preparation, <br /> including improvement of a street adjacent to a parcel , but not <br /> 16 . <br />