Laserfiche WebLink
the Anoka County Assessor who shall review the plans and specifications for the <br />improvements to be constructed, review the market value previously assigned to <br />the land upon which the improvements are to be constructed and so long as the <br />minimum market value contained in the assessment agreement appears in the <br />iudgment of the assessor to be a reasonable estimate, the assessor may certify the <br />minimum market value agreement. The assessment agreement shall be filed of <br />record in the office of the county recorder or the registrar of titles of Anoka <br />county. Recording or filing of an assessment agreement complying with the terms <br />of Section 469.177, Subd. 8 of the TIF Act shall constitute notice of the agreement <br />to any subsequent purchaser or encumbraneer of the land or any part thereof, <br />whether voluntary or involuntary, and 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 <br />tax increment related to the ParaBody project during the life of TIF District No. 2: <br /> <br />1. The original tax capacity of the ParaBody parcel is $2,626. <br /> <br />The projected tax capacity as of January 2, 1991 is estimated to .be <br />$60,000. <br /> <br />3. The tax capacity rate for the TIF District is estimated to be 92.944. <br /> <br />0 <br /> <br />Projected tax capacity does not include any value attributable to <br />inflation. <br /> <br />14 <br /> <br /> <br />