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commenced, and the County Auditor shall certify the assessed value thereof <br />as most recently certified by the Commissioner of Revenue and add it to the <br />original assessed value of the Tax Increment Financing District. For <br />purposes of this subdivision. "parcel" means a tract or plat or land <br />established an a single unit for purposes of assessment. <br />A list will be maintained by the Building Inspector of the City to document <br />all building permits issued within the district for private redevelopment, Including <br />alterations, additions, new construction and demolition. <br />tZ. The tax Increments received with respect to the Tax Increment <br />Financing district shall be segregated by the City in a special account or accounts <br />an its official books and records or as otherwise established by resolution of the <br />City to be held by a trustee or trustees for the benefit or holders of the bonds. <br />Minnesota Statutes, 5278.76, Subd. S. <br />City of Mounds View TLP District No. 1 Modification 48 1 P a g c <br />