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The geographic area of . the TIF District may be <br /> reduced, but may not be enlarged after, five years • <br /> following the date of certification of the original <br /> asssessed value by the County Auditor,. <br /> 2. Use of Ta:. Increment <br /> Pursuant to Minnesota Statute, all tax increment <br /> revenues derived from the TIF District shall be <br /> used in accordance with this TIF Flan and shall be <br /> used solely for• the following put-poses: a) to pay <br /> the interest on loans or, loans issued to finance <br /> the soil correction; and b) to finance the cost of <br /> administr-ation, capitalized interest and issuance <br /> costs. <br /> 's. <br /> Excess Tax Increments <br /> Pursuant to Minnesota Statute in any year, in which <br /> the to>; increment should exceed the amount <br /> necessary to pay the costs authorized by "this- TIF_ <br /> Flan, the HRA shall use the excess amount to do any <br /> of the following, in the order, determined by the <br /> HRA: <br /> a. Repay any outstanding Tax Increment Loans; <br /> b. Discharge the pledge of Tax Increment thereof; <br /> C. Fay into an ' escrow account dedicated to the <br /> payment of such loans; or- <br /> d. Fay administrative expenses allowable pursuant <br /> to Minnesota Statutes Section 469. 176. <br /> • <br /> 15 <br />