Correspondence 1989-1992 Waldron

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� W. F.� � 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 hand�ed by the Office of the City Manaqer. The t�x increments recei�ed as a result of increases in the tax capacity of Tax Increment Financing District No. 11 will be maintained in a special �ccount separate from all oth�r municipal accounts expended only upon sanctioned �u�icipal activities identified in this tax increment �inan�ing plan. �nnu�l Disclosure Requirements P�arsuanfi to Minnesota� Statutes, Section 469.175, Subdivision &, the City must file with the State Auditor on or befAre July 1.� ar� annual financial report for the Tax Increment �'ina�ncir�q District No. 11. The report shall also be filed by th� Cit� with the school board and county board. The g�po�t �hall: (1) �akc� ful�, disclosure af the sources and uses of p�ub�,ic �unds �n the Tax Incr@m�nt Fi.na�cing District No. 11; (2} parmit co�nparison and reconciliation with the Ci�y's acc�unts and �inancial reports; (3) p�rmit auditing of t2ae funds expended on behalf of th� T�x Inc�em�nic Fin�ncing Di�trict No. 11, c�r that is f�nd�ci i.r� ��rt or whol� through the use of a dev�lopment �Ccount fund�d witta t�x increments �rom other �ax incremen� �in�r�c�ng di�tricts within Develc�pment District No. 1 or with other� public mor��yt ar�d �4) be consist�n� with generally accepted accounting princ,ip;%�s . In aciditian, the ��port st�all cont�,in the following infarmation: �lj the Qriginai Net T�x Capacity of the Tax �ncrement Fin�ncinq I�istrict No. 11; (2) the Captured Net Tax Capacity of the Tax Tncr�men� Fir�ancinc� District No. 11, including the amount of any captur�d Net Tax Capaca.ty shared with other tax districts; (3) the outst�nding princi.pal amount of tax increment