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<br />. <br /> <br />obligation or contract; (b). any. limitations under the TIF Act as to amount of Tax <br />Increment expenditures permissible outside the boundaries of such Pooled District; and <br />(c) any limitations under the TIF Act as to expenditure of Tax Increments from such <br />Pooled District for the purposes financed by the proceeds of the Bonds. The Council may <br />from time to time by resolution direct the Finance Director-Clerk as to the relative <br />portion of debt service payments on the Bonds that is to be charged to TIF District Nos. <br />15 and 25 and each Pooled District, but in the absence of such direction the determination <br />shall be made by the Finance Director-Clerk subject to the limitations described in this <br />paragraph. The City may pledge Tax Increments from TIF Districts Nos. l5 and 25 and <br />any Pooled District to any other obligation on a parity basis with the pledge hereunder. <br /> <br />2.02. The Resolution remains in full force and effect and is not modified except <br />as expressly stated herein. <br /> <br />Approved by the City Council of the City of New Brighton this 27th day of April, <br /> <br />1999. <br /> <br />M~ <br /> <br />ATTEST: <br /> <br /> <br />SJB-161n6 <br />NE136-149 <br />