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with tax increments; <br />3. Repayments of loans or other advances made by the Authority with tax increments; and <br />4. Interest or other investment earnings on or from tax increments. <br />Subsection 3-18. Modifications to the District <br />In accordance with MS, Sections 469.175, Subd. 4, any: <br />1. Reduction or enlargement of the geographic area of Redevelopment Project Area No. 1 or the <br />District; <br />2. Increase in amount of bonded indebtedness to be incurred, including a determination to capitalize <br />interest on debt iFthat determination was not a part of the original plan, or to increase or decrease <br />the amount of interest on the debt to be capitalized; <br />3. Increase in the portion of the captured net tax capacity to be retained by the EDA or City; <br />4. Increase in total estimated tax increment expenditures; or <br />5. Designation of additional property to be acquired by the EDA or City, <br />shall be approved upon the notice and after the discussion, public hearing and findings required for approval <br />of the original Plan. <br />Pursuant to MS Section 469.175 Subd. 4(b), the geographic area of the District may be reduced, but shall <br />not be enlarged after five years following the date of certification of the original net tax capacity by the <br />county auditor. If a housing district is ea~larged, the reasons and supporting facts for the determination that <br />the addition to the district meets the criteria of MS., Section 469.174, Subd. II must be documented. The <br />requirements of this paragraph do not apply if (1) the only modification is elimination of parcel(s) from <br />Redevelopment Project Area No. 1 or the District and (2) (A) the current net tax capacity of the parcel(s) <br />eliminated from the District equals or exceeds the net tax capacity ofthose parcel(s) in the District's original <br />net tax capacity or (B) the EDA agrees that, notwithstanding MS, Section 469.177, Subd 1, the original net <br />tax capacity will be reduced by no more than the current net tax capacity of the parcel(s) eliminated from the <br />District. <br />The EDA or City must notify the County And itor of any modification that reduces or enlarges the geographic <br />area of Redevelopment Project Area No. I or the District Modifications to the District in the form of a <br />budget modification or an expansion of the boundaries will be recorded in the TIF Plan. <br />Subsection 3-19. Administrative Expenses <br />In accordance with MS, Section 469.174, Subd. 14, and MS., Section 469.176, Subd 3, administrative <br />expenses means all expenditures of the EDA or City, other than: <br />1. tytnounts paid for the purchase of land; <br />2. Amounts paid to contractors or others providing materials and services, including architectural and <br />engineering services, directly connected with the physical development of the real property in the <br />project; <br />3. Relocation benefits paid to or services provided for persons residing or businesses located in the <br />project; or <br />4. Amounts used to pay principal or interest on, fiord a reserve for, or sell at a discount bonds issued <br />pursuant to MS, Section 4<9.175; or <br />5. Amounts used to pay other financial obligations to the extent those obligations were used to finance <br />Cconomio Development Amhoriy of Oic City of LilUe Canada 'lox Increment Rinancing Plan for'rax Increment Pinanaing llivricl No.3-3 3A <br />