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installation of utility service including sewer or water • <br /> systems , has been commenced on a parcel located within the TIF <br /> District in accordance with this plan, no additional tax <br /> increment will be taken from that parcel and the original <br /> assessed value of that parcel will be excluded from the <br /> original assessed value of the TIF District. If development of <br /> the parcel subsequently commences, the parcel shall be returned <br /> to the TIF District as provided in Minn. Stat. § 469 . 176, <br /> subd. 6 . <br /> 7 . Annual Disclosure <br /> Pursuant to Minn. Stat. S 469 . 175, subd. 5, on or before <br /> July 1 of each year, the City will submit to the County Board, <br /> the School Board, and the Commissioner of Trade and Economic <br /> Development, a report on the status of the TIF District. This • <br /> report will include the following information: <br /> a) The amount and source of revenue in the account; <br /> b) The amount and purpose of expenditures from the <br /> account; <br /> c) The amount of any pledge of revenues, including <br /> principal and interest on any outstanding bonded <br /> indebtednesses; <br /> d) The original assessed value of the district; <br /> e) The captured assessed value retained by the City; <br /> f) The captured assessed value shared with other taxing <br /> districts; <br /> g) The tax increment received; and <br /> h) Any additional information necessary to demonstrate • <br /> compliance with this TIF Plan . <br /> 17 . <br />