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SJB-151910 <br />RA125-52 <br /> <br />M. Limitation on Boundary Changes. <br /> <br /> The geographic area of the TIF District may be reduced, but it may not be enlarged <br />after five years following the date of certification of the original tax capacity by the Anoka <br />County auditor. The district may be enlarged through approximately September, 2000. <br /> <br />N. Relocation. <br /> <br /> Although no relocation is anticipated, the City accepts as binding its obligations <br />under state law for relocation and will administer relocation services for families, <br />individuals and businesses displaced by public action. <br /> <br />O. Parcels to be Acquired. <br /> <br /> In addition to any prior land acquisition specified in the TtF Plan, the City may <br />acquire any property or interest therein located within TIF District No. 6 or in the <br />Development District as a whole, that the City determines to be necessary in order to <br />accomplish the goals and objections for the Development District. <br /> <br />P. TIF Account. <br /> <br /> The tax increment received with respect to the TIF Districts within TIF District No. <br />6 shall be segregated by the City in a special account on its official books and records or <br />held by a trustee for the benefit of holders of bonds issued to finance development activities. <br /> <br />Q. Estimate of Proiect Costs. <br /> <br /> The City intends to facilitate development of an industrial park. The development <br />costs are estimated as follows: <br /> <br />Existing pay as you go obligations for site improvements, land <br />acquisition and utilities. <br /> <br />Development <br />Vision Ease Lens: <br /> Notes for Land Acquisition <br /> Reimbursement for Site Improvements <br /> <br />Principal Amount <br /> <br /> $512,483 <br /> 172,399 <br /> <br />AGC Sharp <br /> Subtotal <br /> <br />217,000 <br />$901,882 <br /> <br />2. Existing Internal Loans <br /> <br />Vision Ease: Utility Costs <br />AGC/Sharp: Water and Sewer Trunk, <br /> Assessment, Site Improvements <br /> <br />291,272 <br />454,547 <br /> <br />28 <br /> <br /> <br />