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or- water- systems, has been commenced on a parcel <br /> located within the TIF Distr-ic-t in accordance with <br /> this Flan, no additional tax increment will be <br /> taken from that parcel and the original gross tax <br /> capacity of that parcel will be excluded from the <br /> original gross tax capacity of the TIF District.. If <br /> development of the parcel subsequently commences, <br /> the parcel shall be returned to the TIF District as <br /> provided in Minnesota Statute Section 469. 176, <br /> Subd. 6. <br /> 7. Annual Disclosure <br /> The HRA will make the annual disclosures required by <br /> Minnesota Statutes, Section 469.175, subdivision 6. <br /> 8. Administr-ation of the TIF District <br /> The HRA designates the St. Anthony City Manager as <br /> agent responsible for- admin.istr•ation of the TIF <br /> District. <br /> 9. Fiscal Disparities Election <br /> 1-he HRA elects to spread the effects of the fiscal <br /> disparities Act within the District to all <br /> commercial and industrial property in St. Anthony. <br /> The Cash Flow Analysis reflects this election. <br /> 17 <br />