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county recorder or the registrar of titles of Anoka county. Recording or filing of an <br />assessment agreement complying with the terms of Section 469.177, Subd. 8 of the <br />TIF Act shall constitute notice of the agreement to any subsequent purchaser or <br />encumbrancer of the land or any part thereof, whether voluntary or involuntary, and <br />shall be binding upon them. <br /> <br />Z. Summary of Cash Flow Assumptions. <br /> <br /> The following is a summary of the assumptions underlying the estimate of tax <br />increment available annually during the life of TIF District No. 5: <br /> <br />The original tax capacity is estimated to be $12,489.75 That figure <br />will be adjusted annually, increasing 5.93 percent each year. <br /> <br />The projected tax capacity as of January 2, 1994 is estimated to be <br />$296,800. <br /> <br />The tax capacity projection assumes that, by January 2, 1994, all <br />residential sewer and water improvements are completed, and 90 <br />percent of all residential lots in Windemere Woods, Cedar Hills, and <br />Chestnut Hills are developed. <br /> <br />4. The original tax capacity rate for the TIF District is 5.25%. <br /> <br />Projected tax capacity does not include any value attributable to <br />inflation. <br /> <br /> <br />