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Metropolitan Transit Commission, the Metropolitan Airports Commission and the <br /> Metropolitan Mosquito Control District (the local government units). • <br /> After the establishment and during the continuation of the District, as <br /> a result of the Redevelopment Project and the implementation of the <br /> Redevelopment Plan and the improvements in the District there has been an <br /> increase in the tax capacity of the taxable property in the District. If the tax <br /> increments derived from the District are not applied to pay the cost of the Interest <br /> Reduction Program described herein, the District would terminate approximately <br /> one year earlier than would otherwise be the case assuming ad valorem taxes are <br /> paid with respect to the taxable property in the District in the anticipated amounts. <br /> Upon such terminati on such increased tax capacity would be available for taxation <br /> by the local governmental units. However, as a result of these Amendments such <br /> increase in valuation will not be available for taxation by the local governmental <br /> units until approximately one year later. <br /> VI. DETERMINATIONS IN ORIGINAL FINANCING PLAN <br /> The determinations made in the Financing Plan with respect to <br /> designation of the District as a Redevelopment District and Housing District under <br /> the Minnesota Tax Increment Financing Act, the impact of the establishment of the <br /> District and the implementation of the Redevelopment Plan and undertaking of the <br /> Redevelopment Project and the captured tax capacity of the District upon the • <br /> redevelopment thereof are not affected by these 1992 Amendments and such <br /> determinations remain in full force and effect following the adoption of these <br /> Amendments. <br /> VI. ADDITIONAL AMENDMENTS TO PLAN <br /> The City and the HRA reserve the right to alter these Amendments <br /> and to further amend or modify the Redevelopment Plan and the Financing Plan by <br /> their joint action, subject to the provisions of state law regulating such action. <br /> VIII. ORIGINAL PLAN <br /> The Redevelopment Plan and the Financing Plan, except to the extent <br /> provisions thereof are explicitly amended or supplemented by these 1992 <br /> Amendments shall remain in and be in full force and effect. <br /> -4- • <br />