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2 . Amount of Indebtedness to be Incurred: $360,000 <br /> 3 . Sources of Revenue : • <br /> Incurred indebtedness 360,000 <br /> Total Revenue $360,000 <br /> 4 . Original Assessed Value <br /> The original assessed value of all taxable real property in <br /> TIF District No. 5, based on assessed valuations established as <br /> of January 1 , 1988, for real estate taxes to be paid in 1989, <br /> is estimated to be Fifteen Thousand Dollars ( $15, 000) . The <br /> proposed County Auditor certification to this value is attached <br /> as Exhibit B to this Document. <br /> Pursuant to Minn . Stat . § 469 . 177 , subd. 1 of the TIF Act, <br /> it is estimated that the annual percentage increase in the <br /> original assessed valuation of the property in the TIF District • <br /> will be three percent. The original assessed value for TIF <br /> District No. 5 can therefore be estimated for the term of the <br /> TIF District as follows : <br /> Levy Year 1988 $15, 000 <br /> Levy Year 1989 15,450 <br /> i <br /> Levy Year 1990 15,914 <br /> Levy Year 1991 16, 391 <br /> Levy Year 1992 16, 883 <br /> Levy Year 1993 17, 389 <br /> Levy Year 1994 17, 911 <br /> Levy Year 1995 18,448 <br /> Levy Year 1996 19, 002 <br /> • <br /> 9 . <br />