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2. The proceeds from the sale or lease of property, tangible or intangible, to the extent the <br />property was purchased by the Authority with tax increments; <br />3. Principal and interest received on loans or other advances made by the Authority with tax <br />increments; <br />4. Interest or other investment earnings on or from tax increments; <br />5. Repayments or return of tax increments made to the Authority under agreements for <br />districts for which the request for certification was made after August 1, 1993; and <br />6. The market value homestead credit paid to the Authority under M.S., Section 273.1384. <br />Section 2.23. Requirements for Agreements with the Developer <br />The City will review any proposal for private development to determine its conformance with the <br />Redevelopment Plan and with applicable municipal ordinances and codes. To facilitate this effort, the <br />following documents may be requested for review and approval: site plan, construction, mechanical, and <br />electrical system drawings, landscaping plan, grading and storm drainage plan, signage system plan, and any <br />other drawings or narrative deemed necessary by the City to demonstrate the conformance of the <br />development with City plans and ordinances. The EDA or City may also use the Agreements to address <br />other issues related to the development. <br />Section 2.24. Assessment Agreements <br />Pursuant to M.S., Section 469.177, Subd. 8, the EDA or City may enter into a written assessment <br />agreement in recordable form with the developer of property within the District which establishes a <br />minimum market value of the land and completed improvements for the duration of the District. The <br />assessment agreement shall be presented to the County Assessor who shall review the plans and <br />specifications for the improvements to be constructed, review the market value previously assigned to the <br />land upon which the improvements are to be constructed and, so long as the minimum market value <br />contained in the assessment agreement appears, in the judgment of the assessor, to be a reasonable estimate, <br />the County Assessor shall also certify the minimum market value agreement. <br />City of Arden Hills Modification of Tax Increment Financing District No. 3 11 <br />