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I II" ;i ,; . , ., , s directed to pay such principal or interest from the general fund of the City, and the general fund ill be reimbursed for those advances out of the proceeds of Available Tax Increments when eceived. There is appropriated to the Debt Service Fund (i) any amount over the minimum urchase price paid by the Purchaser, and (ii) the accrued interest paid by the Purchaser upon losing and delivery of the Bonds. 4.02. It is determined that the estimated collection of Available Tax Increments for ayment of principal and interest on the Bonds will produce at least five percent in excess of the ount needed to meet, when due, the principal and interest payments on the Bonds and that no ax levy is needed at this time. .03. The City Finance Director is directed to file a certified copy of this Resolution with the irector of Property Records and Revenue and obtain the certificate required by Minnesota tatutes, Section 475.63. .04. The City may pledge Available Tax Increments to any other general obligations or revenue bligations on a superior, parity or subordinate basis with the pledge to the Bonds under this esolution. Notwithstanding anything to the contrary herein, the City reserves the right to reduce, odify or terminate the pledge of Available Tax Increments (including without limitation the e1ease of Available Tax Increments from any specific parcel within any TIF District) to the ayment of the Bonds to the extent and in the manner permitted by law so long as such action does ot preclude the City from paying when due the principal of and interest on the Bonds or otherwise mpair the City's full faith and credit pledge, and to apply to other lawful purposes the Available ax Increments to the extent and in the manner permitted by law. Authentication of Transcript. .01. The officers of the City are authorized and directed to prepare and furnish to the Purchaser d to the attorneys approving the Bonds, certified copies of proceedings and records of the City elating to the Bonds and to the financial condition and affairs of the City, and such other ertificates, affidavits and transcripts as may be required to show the facts within their knowledge r as shown by the books and records in their custody and under their control, relating to the alidity and marketability of the Bonds, and such instruments, including any heretofore furnished, ill be deemed representations of the City as to the facts stated therein. 5.02. The Mayor, City Manager, and Finance Director are authorized and directed to ertify that they have examined the Official Statement prepared and circulated in connection with he issuance and sale of the Bonds and that to the best of their knowledge and belief the Official Statement is a complete and accurate representation of the facts and representations made therein as ofthe date ofthe Official Statement. Section 6. Tax Covenant. SJB-252 4vl NE136-1