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• 19. The County Auditor of Ramsey County has certified the original assessed value (as defined in Minnesota Statutes, Section 273.73, Subdivision 7) of property in the Tax Increment Financing District is $159,208. The County Auditor shall determine in each year if the then current assessed value of property in the Tax Increment Financing District exceeds the original assessed value, and shall calculate, in the manner provided in Minnesota Statutes, Section 273.76, Subdivision 3, the captured assesed value (as defined therein) attributable to the Tax Increment Financing District. The City hereby determines to retain 100$ of the captured assessed value for purposes of tax increment financing. The County Auditor shall, in each such year, compute the mill rates to be extended against the captured assessed value in the manner provided in Minnesota Statutes, Section 273.76, Subdivision 3, and the tax generated thereby shall constitute the tax increment revenue for the year in which it is received. The County Treasurer will remit to the City the tax increment revenue so received until the cost of the Project, including principal of the interest on the Bonds, has been paid and the City has been fully reimbursed for any principal of and interest on the Bonds which have been paid from any taxes levied. 20. On or before October 10 of each year, the Clerk-Administrator shall certify to the County Auditor of . Ramsey County the amount of tax increments and any other sums appropriated to and then held in the Debt Service Account and the estimated collections of tax increments and special assessments to be received in the next succeeding year. In the event that it is anticipated that the aggregate of said sums will not be sufficient to pay the principal and interest on the Bonds to become due in the first calendar year thereafter and the first six months of the succeeding calendar year, the City Council shall pass a resolution requesting the County Auditor of Ramsey County to levy an ad valorem tax in an amount as is necessary, together with the aforementioned funds then held in the Debt Service Account and said estimated collections of tax increments and special assessments to pay the principal and interest on the Bonds to become due during said period. The tax increments are such that if collected in full they, together with the uncollected special assessments heretofore pledged to the payment of the Prior Bonds and now pledged to the payment of the Bonds and estimated collections of other revenues herein pledged for the payment of the Bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Bonds.