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O. Parcels to be Acquired Within the TIF District. It is not anticipated at the present time that the City will acquire property within the District, except to the extent such property is required for construction of public streets and utilities. P. TIF Account. The tax increment received with respect to the TIF Districts within Development District No. 1 shall be segregated by the City in a special account on its official books and records or held by a trustee for the benefit of holders of bonds issued to finance development activities. Q. Estimate of Project Costs. In addition to previously-budgeted public costs, the City expects to provide assistance for the extension of City utilities to the Anoka Electric Cooperative site within the Development District. The City also expects to fund construction of Water Tower Number 2 and Well Number 3 within the Development District. Additional costs to be financed through tax increment are estimated as follows: Anoka Electric Cooperative Utility Extensions Water Tower Number 2 Well Number 3 1,740,370 1,450,000 400,000 Total Costs $3,590,370 The City may allocate up to 10 percent of total tax increment expenditure to administrative expenses. Further, proceeds of an), bonds issued to finance the above costs may include an amount allocated to capitalized interest which will be determined at the time of bond issuance. The above identified costs, and all costs previously budgeted in the TIF Plan for TIF District No. 2, may be financed with tax increment from TIF District Nos. 1, 2 and 4. Further, tax increment from TIY District No. 2 may be expended to pay any costs authorized in the TIF Plans for TIF District Nos. 1, 2 and 4. R. Estimate of Bonded Indebtedness. In addition to any bonds previously issued or authorized in connection with TIF District No. 2, the City may issue bonds supported in part by tax increment from TIF District No. 2, in an amount not to exceed $3,590,370. The amount that may be issued in bonds includes all of the costs associated with the issuance. S. Original Tax Capacity. The original tax capacity of TIF Distr/ct No. 2 was described in the TIF Plan adopted June 30, 1986, and modified March 29, 1988 (expressed as "original assessed value" under the properp;, tax system in effect at the time). Each year the Anoka Count>' Auditor will measure the increase or decrease in the tax capaci~, of the Sunfish Square Addition parcel. Any year which the total tax capacity of the parcel exceeds the original tax capacity, as adjusted, an increment will be generated from that parcel. Any year in which the tax capacity is below the original tax capacity, no tax capacity will be captured and no increment will be payable to the City from that parcel.