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I o (a) i acquisition of land and buildings through condemnation or purchase; (b) ~site improvement or preparation costs; (c) ~ installation of public utilities or other public improvements; (d) f administrative costs, including the allocated cost of the City; For properties sold to developers, the total cost of the property to the City and the pri~e paid by the developer;, and ThO amount of tax exempt obligations, other than those reported under clause 3, w~ch were issued on behalf of private entities for facilities located in TIF District Nt. 2. In additiog, the City will file the annual report with the Minnesota Commissioner of Revenue regarding all TIF Districts in the City, as required in §469.175, SubcL 6a of the TIF Act. X. N~ification of Prior Planned Improvements. Pursuant tO §469.177, Subd. 4 of the TIF Act, the City reviewed its records with regard to the property with~. TIF District No. 2 and found that no building permits were issued during the 18 months immediately preceding approval of the TIF Plan by the City. Y. AsSessment Agreements. Pursuant io §469.177, Sub& 8 of the TIF Act, the City may execute an assessment agreement in reco~dable form with the developer which establishes a minimum market value of the land and comple!ed improvements for the duration of TIF District No. 2. The assessment agreement shall ~ presented to the Anoka County Assessor who shall review the plans and specifications for ~e improvements to be constructed, review, the market value previously assigned to the land upon ~hich the improvements are to be constructed and so long as the minimum market value contained ih the assessment agreement appears in the judgment of the assessor to be a reasonable estimite, the assessor may certify the minimum market value agreement. The assessment agreen lent shall be filed on record in the office of the county recorder or the registrar of titles of Anoka Cc unty. Recording or filing of an assessment agreement complying with the terms of §469.177, Subit. 8 of the TIF Act, shall constitute notice of the agreement to any subsequent purchaser or encu nbrancer of the land or any part thereof, whether voluntary or involuntary, and shah be binding u ,on them. Z. Surnmary 9f Cash Flow AssunLotions. The following is a summary of the assumptions underlying the estimate of tax increment related to the Stm~ sh Square Addition project during the life of TIF District No. 2: 1. Th~ original tax capacity of the Sunfish Square Addition parcel is $14,184. Th~ projected tax capacity as of January 2, 1995, is estimated to be $75,250. The local tax rate for the TIF Disn-ict is estimated to be 1.08674. Prgjected tax capacity does not include any value attributable to inflation. 14