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tion or other site preparation on that parcel, including <br />improvement of a street adjacent to that parcel, in <br />accordance with the Tax Increment Financing Plan, the <br />authority shall certify to the County Auditor that the <br />activity has commenced, and the County Auditor shall <br />certify the assessed value thereof as most recently <br />certified by the Commissioner of Revenue and add it to <br />the original assessed value of the Tax Increment Financ- <br />ing District. For purposes of this subdivision, "par- <br />cel'' means a tract or plat of land established as a <br />single unit for purposes of assessment. <br /> <br /> A list will be maintained by the Building Inspector of <br />the City to document all building permits issued within the <br />district for private redevelopment, including alterations, <br />additions, new construction and demolition. <br /> <br /> 12. The tax increments received with respect to the Tax <br />Increment Financing District shall be segregated by'the City <br />in a special account or accounts on its official books and <br />records or as otherwise established by resolution of the <br />City to be held by a trustee or trustees for the benefit of <br />holders of the bonds. <br />Minnesota Statutes, 5273.76, Subd. 4. <br /> <br />A - 6 <br /> <br /> <br />