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. provided in paragraph (e) of the Special Legislation, increments may only be expended within the area <br />defined in the Special Legislation, Subd. 1, paragraph (b), and related to development occurring within <br />the area defined in the Special Legislation, Subd. 1, pm~agraph (b), whether or not included in a tax <br />increment financing district. <br />3. Five Year Limitation on Commitment ofTax Increments. Pursuant to the Special Legislation, Subd. 2(c), <br />the five year rule under M.S., Section 469.1763, Subd. 3, has been extended to a ten year period. <br />Subsection 2-28. Summary <br />The Mounds View EDA is establishing the District to preserve and enhance the tax base, and provide <br />employment opportunities in the City. The TIF Plan for the District was prepared by Ehlers & Associates, <br />Inc., 3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105, telephone (651) 697-8500. <br />• <br />• Mounds View Economic Development Authority Tax Increment Financing Plan for Tax Increment Financing District No. 5 2-19 <br />