"it shall be noted" is correct and usable in written English.
You can use it when you are noting something important in a formal document. For example, "It shall be noted that this decision was made with the utmost care and consideration."
It shall be noted that a commonly used fatigue life model is employed in the continuum model.
Typical Martínez, acknowledging the greatness of someone, who — it shall be noted — has one fewer (3 to 2) Cy Young award than he, but not ceding even a millimeter in the race to front the Mets' rotation.
It shall be noted that only Hadoop requires a multi-node (and hence multi-zone) setup.
It shall be noted that the model used in this study is a one-dimensional system.
It shall be noted that in this city most non-motorway roads have a cycling lane.
It shall be noted that the DC grid is still at the beginning development stage.
If a person did not appear in response to a summons, such fact shall be noted on said list.
In their plans, Mr. Boehner and Mr. Reid prescribe the format of the final committee report: If there are any dissenting views, "their inclusion shall be noted on the cover of the report".
Any problems encountered during an entry operation shall be noted on the pertinent permit so that appropriate revisions to the permit space program can be made.
It shall further be noted that the scaling factor had to be calculated first by the reconstruction algorithm in order to scale the data for PCA.
It shall also be noted that the post-exercise sample may not represent the maximal blood lactate response to the test since peak plasma lactate concentration may occur 0 10 min post exercise [ 53].
