Correspondence 1989-1992 Waldron

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• W. X. � assessment agreement appears in the judgement of the assessor, to be a reasonable estimate, the assessor may certify the minimum tax capacity agreement. Administration of Tax Increment Financing District No. 11 and Maintenance of the Tax Increment Account Administration of Tax Increment Financing District No. 11 will be handled by the Office of the City Manager. The tax increments rec�ived as a result of increases in the tax capacity of Tax Increment Financin� Distric� No. 11 will be maintained in a special account separate from all other municipal accounts expended only u�on sanctioned municipal activities identiiied in this tax incr�ment financing plan. Annual Disclosure Requirements Pursuant to Minnesota Statutes, Section 469.175, Subdivision 6, the City must file with the State Audi�ar on or before July lf an annual financial report for t�e Tax Incr�m�n� Financing District No. il. The report shall alsa be filed by the City with the school board and county board. The report shall: (1) make full discloeure of the $ourc�� and us�� of public ��nds in th� Tax Increment Finanai�q Q�str�ct No. 1�; (2) �ermit comp�ris4n and reconcilia�ion with kh� City's accounts and financial �eports; (3� p�rmit auditing o� the funds �xpended on behalf of th� Tax IncrQm�nt Financing Distr�ct No. 11, �r that is fun��d in part or whoYe �hroug� the u�e o� a development account �und�d with tax incr�ments from other tax incre�ent �in��cing districts wit�in Development District �o. 1 0� with other public maney; and �4) be co�sf�ten� with gener�lly acc�p�ed accoun�ing principl�B. In addi�ion, the r�port shall �ontain �he fol�awi�q information: (1) th� origi�al Net Tax Capacity of the Tax Incr�ment Financing Di�trict No. 11; (2) the Captured Net Tax Capacity �f the Tax Increment Financing Distr�ct Na. 11, including t�e amount of any captured Net T�x Capacity sha�ed with other tsx districts; � (3) the outstanding principal amount of tax increment