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increment exceeds the amount necessary to pay the costs authorized by the TIF Plan, the City shall use the excess amount to do any of the following, in the order determined by the City: 1. prepay the outstanding bonds; 2. discharge the pledge of tax increment therefor; 3. pay into an escrow account dedicated to the payment of bonds; or return the excess amount to the Anoka county auditor who shall distribute the excess amount to the City, the county and Anoka-Hennepin independent school district No. 11 in direct proportion to their respective tax capacity rates. In addition, the City may choose to modify the TIF Plan again in order to provide for other public improvements within the Development District. K. Limitation of Increment. No increment shall be paid to the City from TIF District No. 5 after three years from the date of certification of the original tax capacity of the taxable real property in the District by the county auditor unless within the three year period (a) bonds have been issued pursuant to Section 469.178 of the TIF Act, or (b) the City has acquired property within TIF District No. 5, or (c) the City has constructed or caused to be constructed public improvements within TIF District No. 5. if, after four years from the date of certification of the original tax capacity of TIF District No. 5, no demolition, rehabilitation, or renovation of property or other site preparation, including improvement of a street or right-of-way adjacent to a parcel but not installation of underground utility service, including sewer or water systems, have been commenced on a parcel located within TIF District No. 5 by the City, or by the owner of the parcel in accordance with the TIF Plan, no additional increment may be taken from that parcel, and the original tax capacity of that parcel shall be excluded from the original tax capacity of the TIF District. If these activities subsequently commence, the City shall so certify to the county auditor, and the tax capacity of the property as most recently certified by the commissioner of revenue may be added to the TIF District's original tax capacity. No tax increment shall in any event be paid to the City from TIF District No. 5 after eight years from the date of receipt by the City of the first increment. Pursuant to Section 469.176, subd. 4c of the TIF Act, tax increment from TIF District No. 5 wilJ not be used to provide assistance in any form to developments consisting of buildings and ancillary facilities if 25 percent of the buildings and facilities (determined on the basis of square footage) are used for the purposes listed in Section 144(a)(8) of the Internal Revenue Code of 1986 (determined without regard to the 25 percent restriction in Section 144(a)(8)(A)).