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Expenditures shall consist of the following uses: <br />1) Transfers to thc related debt service funds for principal, interest and fiscal charges <br /> on bond issued on projects in the tax increment financing districts until such time as <br /> all bonds are retire~ and <br />2) Transfers to the Economic Development Authority in an amount not to exceed ten <br /> percent (10%) of available increments received during the remaining life of each <br /> district; and <br />3) Transfers to the Public Improvement Revolving Fund in an amount not to exceed <br /> the annual interest earnings from 1988 forward; and <br />4) Costs levied by the County for administration of the tax increment financing <br /> districts; and <br />5) Costs associated with tax increment financing projects as detailed in the annual <br /> Capital Improvement Program or as approved by the Economic Development <br /> Authority and City Council. <br /> <br />These pohcies shall at all times comply with Minnesota Statutes and any agreements <br />c .urrently in place or entered into in the future. <br /> <br />This fund is eligible for inter-fund loans. <br /> <br />Landfill Tipping Fee Fund. <br />The Landfill Tipping Fee Fund shall be used to account for revenue'~and <br />expenditures as authorized by Minnesota State Statutes Section 115A.921 for <br />mitigating and compensating for the tocal risks, costs and other adverse effects on <br />landfills. <br /> <br />Funding shall consist of the following sources: <br /> 1) Tipping fees generated during the life of the Anoka Regional Sanitary Canctfill; and <br />2) Grants and reimbursements from efforts to reduce, rose and recycling solid waste; <br /> and <br />3) Revenues generated from charges at the annual clean-up day, which is projected to <br /> be self-supporting; and <br />4) Revenues from the sale of waste oil and scrap metals; and <br />5) Interest earnings on the Landfill Tipping Fee Fund from the distribution of pooled <br /> interest earnings. <br /> <br />Expenditures shall consist of the following uses: <br />I) Transfers to the Equipment Revolving Fund of seventy-five percent (75%) of <br /> tipping fees received during the life of the Anoka Regional Sanitary Landfall; and <br />2) Transfers to the General Fund for costs associated with Environmental Services in <br /> the CiD, in an amount that does not exceed the amount of interest earnings projected <br /> and available in the Landfill Tipping Fee Fund; and <br />3) Costs associated with the City-wide recycling program, through the end of 1994; <br /> and <br />4) Costs associated with the annual clean-up day. <br /> <br />This fund is not eligible for inter-fund loans. <br /> <br />Community Development Block Grant Fund. <br />The Community Development Block Grant Fund shall be used to account for all <br />revenues and expenditures in conjunction with the Cormmunity Development Block <br />Grant (CDBG) program activities. <br /> <br />This fund is not eligible for inter-fund loans. <br /> <br />Page 2 of 10 <br /> <br /> <br />