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~ton or othero~lte preparation on that parcel, including <br /> mprovement a street ad~acent to that parcel, In <br />accordance with the ?ax Increment Financing Plan, the <br />autho ty shall certify to the County Auditor that the <br />actlv~y 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 /> <br />in9 District. For purposes of this subdivision, Npar- <br />celN means a tract or plat of land .established as a <br />single unit for purposes of assessment <br /> <br /> Ailist will be maintained .by the ~uilding Inspector of <br />the <br /> C <br /> ty to document all building permzts issued within the <br />district for private redevelopment, including alterations, <br /> <br />additions, new construction and demolition. <br /> 12. The tax increments received with respect to'the Tax <br />Increment Financing District shall be segrega}ed by the City <br />in special account or accounts on its offzcial books and <br /> a <br />records or as otherwise established by resolution of the <br /> <br />City to be held by a trustee or trustees for the benefit of <br />holders of the bonds. <br />~innesota Statutes, $273.76, Subd. 4. <br /> <br /> <br />