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6. The market value homestead credit paid to the Authority under M.S., Section 273.1384. <br />Subsection 1-17. Modifications to the District <br />In accordance with M.S., Section 469.175, Subd. 4, any: <br />1. Reduction or enlargement of the geographic area of the District, if the reduction does not meet the <br />requirements of M.S., Section 469.175, Subd. 4(e); <br />2. Increase in amount of bonded indebtedness to be incurred; <br />3. A determination to capitalize interest on debt if that determination was not a part of the original TIF <br />Plan; <br />4. Increase in the portion of the captured net tax capacity to be retained by the City; <br />5. Increase in the estimate of the cost of the District, including administrative expenses, that will be paid <br />or financed with tax increment from the District; or <br />6. Designation of additional property to be acquired by the City, <br />shall be approved upon the notice and after the discussion, public hearing and findings required for approval <br />of the original TIF Plan. <br />Pursuant to M.S. Section 469.175 Subd. 4(f), the geographic area of the District may be reduced, but shall not <br />be enlarged after five years following the date of certification of the original net tax capacity by the county <br />auditor. If a redevelopment district is enlarged, the reasons and supporting facts for the determination that <br />the addition to the district meets the criteria of M.S., Section 469.174, Subd. 10, must be documented in <br />writing and retained. The requirements of this paragraph do not apply if (1) the only modification is <br />elimination of parcel(s) from the District and (2)(A) the current net tax capacity of the parcel(s) eliminated <br />from the District equals or exceeds the net tax capacity of those parcel(s) in the District's original net tax <br />capacity or (B) the City agrees that, notwithstanding M.S., Section 469.177, Subd. 1, the original net tax <br />capacity will be reduced by no more than the current net tax capacity of the parcel(s) eliminated from the <br />District. <br />The City must notify the County Auditor of any modification to the District. Modifications to the District <br />in the form of a budget modification or an expansion of the boundaries will be recorded in the TIF Plan. <br />Subsection 1-18. Administrative Expenses <br />In accordance with M.S., Section 469.174, Subd. 14, administrative expenses means all expenditures of the <br />City, other than: <br />1. Amounts 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 />District; <br />3. Relocation benefits paid to or services provided for persons residing or businesses located in the <br />District; <br />4. Amounts used to pay principal or interest on, fund a reserve for, or sell at a discount bonds issued <br />pursuant to M.S., Section 469.178; or <br />5. Amounts used to pay other financial obligations to the extent those obligations were used to finance <br />costs described in clauses (1) to (3). <br />For districts for which the request for certification were made before August 1, 1979, or after June 30, 1982, <br />City of Little Canada <br />Tax Increment Financing Plan for Tax Increment Financing District No. 7-1 1-11