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103 <br /> following year, shall be used to prepay or discharge outstanding Tax Increment Bonds or any additional <br /> Public Redevelopment Costs. <br /> F. Impact of Tax Increment Financing on Other Taxing Jurisdictions. <br /> The local government units other than the City which are authorized by law'to levy ad <br /> valorem property taxes and in which the District is located, are Independent School District No. 282, <br /> Ramsey County, the HRA, and various metropolitan area authorities, including the Metropolitan <br /> Council, the Metropolitan Transit Commission, the Metropolitan Airports Commission and the <br /> Metropolitan Mosquito Control District (the local government units). <br /> The taxing jurisdictions encompassing the District will continue to receive taxes as if the <br /> Original Tax Capacity of the District were unchanged. This precludes the jurisdictions from benefitting <br /> from the portion of the increase in Tax Capacity which results from the improvements to Parcels in the <br /> District or other development set forth in Exhibit E is an estimate of the impact of the creation of the <br /> District on the taxing jurisdiction of the taxable property within the District. <br /> G. Qualifying Local Contribution. <br /> Pursuant to Minnesota Statutes, Section 273.1399, subdivision 6(d) the District will be <br /> exempt from the Local Government Aid/Homestead and Agricultural Credit Aid" reduction under <br /> • Minnesota Statutes,Section 273.1399 if a "qualifying local contribution" is elected to be made by the. <br /> City at the time of approval of the Financing Plan. For the District the local contribution is 5% of the <br /> increment. Pursuant hereto and pursuant to the resolution of the City Council approving this Plan the <br /> City elects to make a qualifying local contribution with respect to the District. <br /> IV. AMENDMENTS TO PROJECT AND PLANS <br /> The HRA reserves the right to amend the Redevelopment Project and the <br /> Redevelopment Plan and Financing Plan, subject to the provisions of state law regulating such action. <br /> The HRA specifically reserves the right to enlarge the geographic area included in the <br /> District, to increase the Public Redevelopment Costs and the principal amount of Tax Increment Bonds <br /> to be issued to finance such Public Redevelopment Costs,by following the procedures specified in <br /> Section 469.175, subdivision 4, if and when it is determined to be necessary for the payment of <br /> additional Public Redevelopment Costs. <br /> -8- <br />