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l 1! 1i i and co ~ected with and as part of other general taxes of the City. The taxes will be credited to the Debt Orvice Fund above provided and will be in the years and amounts as follows (year stated being far of collection): ~j Year Levy ~I (See EXHIBIT B) ij 1.04. Certification to Director of Property Records and Revenue as to Debt Service Fund ount. It is hereby determined that the estimated collections of Assessments and the forego g Taxes will produce at least five percent in excess of the amount needed to meet when tl~,'~ principal and interest payments on the Bonds. The tax levy herein provided is irrepe 1 'le until all of the Bonds are paid, provided that at the time the City makes its annual tax levies e City Manager may certify to the Director of Property Records and Revenue the amount availab e in the Debt Service Fund to pay principal and interest due during the ensuing year, and the Di ctor of Property Records and Revenue will thereupon reduce the levy collectible during such y by the amount so certified. ,s .05. County Auditor Certificate as to Registration. The City Manager is authorized and direct to file a certified copy of this resolution with the Director of Property Records and Reven and to obtain the certificate required by Minnesota Statutes, Section 475.63. Section 5. Authentication of Transcript. 01. City Proceedings and Records. The officers of the City are authorized and directed to pre e and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of pro ~edings and records of the City relating to the Bonds and to the financial condition and affairs f the City, and such other certificates, affidavits and transcripts as may be required to show e facts within their knowledge or as shown by the books and records in their custody and under eir control, relating to the validity and marketability of the Bonds, and such instruments, includ g any heretofore furnished, may be deemed representations of the City as to the facts stated erein. 5.02. Certification as to Official Statement. The Mayor and City Manager are authorized and di cted to certify that they have examined the Official Statement prepared and circulated in conne ion with the issuance and sale of the Bonds and that to the best of their knowledge and belief he Official Statement is a complete and accurate representation of the facts and repre#tations made therein as of the date of the Official Statement. ISection 6. Tax Covenant. 1 16.01. Tax-Exempt Bonds. The City covenants and agrees with the holders from time to time the Bonds that it will not take or permit to be taken by any of its officers, employees or agent y action which would cause the interest on the Bonds to become subject to taxation under re Internal Revenue Code of 1986, as amended (the Code), and the Treasury Regulations prom bated thereunder, in effect at the time of such actions, and that it will take or cause its E iIi 310082v SJB NE136-215 12 { 0 ~I ii