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A list will be maintained by the Building Inspector of the <br />City to document all building permits issued within the district <br />for private redevelopment, including alterations, additions, new <br />construction and demolition. <br />12. The tax increments received with respect to a Tax <br />Increment Financing District shall be segregated by the City in a <br />special account or accounts on its official books and records or <br />as otherwise established by resolution of the City to be held by <br />a trustee or trustees for the benefit of holders of the bonds. <br />Minnesota Statutes, Section 469.177, Subd. 5. <br />A -6 <br />Pane 47 <br />