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funds associated with the District is outlined in the following table. USES OF FUNDS TOTAL Land/Building Acquisition and Relocation $17,5001000 Site Improvements/Preparation $6,0003000 Other Public Improvements $8,500,000 Planning and Engineering $2,500,000 Environmental $2,000,000 Interest $11,284,752 .Administrative Costs (up to 10%) $59309,417 PROJECT COSTS TOTAL $53,094,169 Estimated costs associated with the District are subject to change among categories without a modification to this TIF Plan. The cost of all activities to be considered for tax increment financing will not exceed, without formal modification, the budget above pursuant to the applicable statutory requirements. Pursuant to M.S., Section 469.1763, Subd. 2, no more than 25 percent of the tax increment paid by property within the District will be spent on activities related to development or redevelopment outside of the District but within the boundaries of Redevelopment Project Area No. 3, (including administrative costs, which are considered to be spent outside of the District) subject to the limitations as described in this TIF Plan. (AS MODIFIED ONMAR CH 14, 2006) m1m mmlommA nim USES OF FUNDS TOTAL mram. Land/Building Acquisition $18,5009000 Site Improvements/Preparation $1590009000 Other Public Improvements $1095009000 Planning and Engineering $295009000 Environmental $2,300,000 Streets and Sidewalks $3,350,000 Interest $14,29.49575 Administrative Costs (up to 10%) $79-3779174 PROJECT COSTS TOTAL m' �np �11 $73�821,749 Pay -As -You -Go $735821,749 Interfund Loans $20,0001000 Bond Principal $73,8219749 The above budget is organized according to the Office of State Auditor (OSA) reporting forms. It is estimated that the cost of improvements, including administrative expenses which will be paid or Housing and Redevelopment Authority of St. Anthony Tax Increment Financing Plan for Tax Increment Financing District No. 3-5 27 2-7