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DORS EY & WHITNEY L L P <br /> MINNEAPOLIS PILLSBURY CENTER SOUTH BILLINGS <br /> NEW YORK 220 SOUTH SIXTH STREET GREAT FALLS <br /> SEATTLE MINNEAPOLIS, MINNESOTA 55402-1498 MISSOULA <br /> DENVER TELEPHONE: (612) 340-2600 BRUSSELS <br /> WASHINGTON,D.C. FAX: (612) 340-2868 FARGO <br /> DES MOINES HONG KONG <br /> ANCHORAGE JEROME P. GILLIGAN ROCHESTER <br /> (612)340-2962 <br /> LONDON FAX(612) 340-2644 SALT LAKE CITY <br /> COSTA MESA gilligan.jerome®dorseylaw.com VANCOUVER <br /> September 21, 1999 <br /> Mr. Michael Mornson <br /> City Manager <br /> City of St. Anthony <br /> 3301 Silver Lake Road <br /> St. Anthony, MN 55418 <br /> Re: Kenzie Terrace TIF District <br /> Dear Mike: <br /> You have inquired about the effect of recent amendments to the Minnesota Tax <br /> Increment Financing Act on the Kenzie Terrace Tax Increment Financing District (the "Kenzie <br /> TIF District"). The Kenzie TIF District was established by the St. Anthony HRA and St. <br /> Anthony City Council on June 29, 1982, and the records of Hennepin County (which is the <br /> county in which the Kenzie TIF District is located) provide that the request for certification of the <br /> original value of the District was filed with the Hennepin County Auditor on June 29, 1982. <br /> The City Council and the HRA have approved amendments to the Tax Increment <br /> Financing Plan for the Kenzie TIF District which authorize the expenditure of tax increment <br /> from the Kenzie TIF District on certain activities located outside the geographic area of the <br /> Kenzie TIF District. Expenditure of tax increment derived from a tax increment financing <br /> district on activities outside the geographic area of the district is commonly referred to as <br /> "pooling" of tax increment revenue. The most significant expenditure of tax increment from the <br /> Kenzie TIF District for activities outside of the area of the Kenzie TIF District, is for payment of <br /> debt service on the bonds issued by the City in 1995 to finance the Community Center. <br /> In the past 4 or 5 years the State Auditor's office has received additional <br /> . enforcement powers with respect to tax increment hatters and has increased its review of <br /> expenditure of tax increment by public bodies through increased reporting requirements and <br />