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EXHIBIT B <br /> TIF DISTRICT #5 • <br /> As defined in Minnesota Statutes , Section 469 .174 , subd . 7 , the <br /> original assessed valuation of the following listed parcels , as <br /> of January 1 , 1987 , is certified to be $15 ,000 . <br /> Lot 1, Block 1, Elk River Industrial Park , <br /> Second Addition $3 ,750 <br /> Lot 2 , Block 1 , Elk River Industrial Park , <br /> Second Addition 3 ,750 <br /> Lot 3 , Block 1, Elk River Industrial Park , <br /> Second Addition 3 ,750 <br /> Lot 4 , Block 1 , Elk River Industrial Park, <br /> Second Addition 3 ,750 <br /> 15 ,000 <br /> In accordance with Minnesota Statutes , Section 469 .177 , subd. 1 , <br /> the average percentage increase in the original assessed value <br /> shall be three percent (3%) . <br /> • <br /> County Auditor <br /> • <br /> [SEAL] <br /> , 1988 <br /> • <br />