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(a) iaequisition of land and buildings through condemnation or purchase; (b) ~site improvement or preparation costs; (c) 'iinstallation of public utilities or other public improvements; (d) "administrative costs, including the allocated cost of the City; 5. Fog properties sold to developers, the total cost of the property to the City and the pri~ paid by the developer;, and 6. Th~ amount of tax exempt obligations, other than those reported under clause 3, which were issued on behalf of private entities for facilities located in TIF District Nol 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, Sub& 6a of the TIF Act. X. No.tifieation of Prior Planned Improvements. Pursuant tO §469.177, Subd. 4 of the ~ Act, the City reviewed its records with regard to the property with!j~ TIF District No. 2 and found that no building permits were issued during the 18 months immed~ rely preceding approval of the TI1t Plan by the City. Y. fits,~essment Agreements. Pursuant ~ §469.177, Subd. 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 completed 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 t~e improvements to be constructed, review'the market value previously assigned to the land upon .x~hieh 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 estimate, the assessor may certify the minimum market value agreement. The assessment agreen~ent shall be tided on record in the office of the county recorder or the registrar of ritles of Anoka CoUnty. Recording or filing of an assessment agreement complying with the terms of §469.177, SubqL 8 of the TIF Act, shall constitute notice of the agreement to any subsequent purchaser or encu~brancer of the land or any part thereof, whether voluntary or involuntary, and shall be binding uI~on them. Z. Suinmarv of Cash Flow Assumptions. The following is a summary of the assumptions underlying the estimate of tax increment related to the Sunf~?h Square Addition project during the life of TI1t District No. 2: 1. ThC original tax capacity of the Sunfish Square Addition parcel is $14,184. 2. ThC projected tax capacity as of January 2, 1995, is estimated to be $75,250. 3. The local tax rate for the TIF District is estimated to be 1.08674. 4. Projected tax capacity does not include any value attributable to inflation.