Agenda - Council - 07/09/1985 - Special

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I tion or other site preparation on that parcel, including ~ improvement of a street adjacent to that parcel, in accordance with the Tax Increment Financin9 Plan, the I authority shall certify to the County Auditor that the activity has commenced, and the County Auditor shall certify the assessed value thereof as most recently ~ · certified by the Commissioner of Revenue and add it to the original assessed value of the Tax Increment rinanc- lng District. For purposes of this subdivision, "par- cel" means tract or plat of land established as a single unit ~or purposes of assessment. A.list will be maintained by the Building Inspector of the to all building permits issued within Clty document the district for private redevelopment, including alterations, additions, new construction and demolition. 12. The tax increments received with respect to the Tax Increment Financing District shall be segregated by the City in a special account or accounts on its official books and records or as otherwise established by resolution of the City to be held by a trustee or trustees for the benefit of holders of the bonds. Minnesota Statutes, $273.76, Subd. 4.