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2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive Bonds one or more typewritten temporary Bonds in substantially the form set forth in EXHIBIT A attached hereto with such changes as may be necessary to reflect more than one maturity in a single temporary bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be exchanged therefor and cancelled. Section 3. Form of Bond. 3.01. Form of Bond. The Bonds will be printed or typewritten in substantially the form as attached hereto as EXHIBIT A. 3.02. Approving Le gal Opinion. The City Manager is authorized and directed to obtain a copy of the proposed approving legal opinion of Kennedy & Graven, Chartered, Minneapolis, Minnesota, which is to be complete except as to dating thereof and will cause the opinion to be printed on or accompany each Bond. Section 4. Payment; Security. 4.01. Debt Service Fund. The Bonds are payable from the General Obligation Tax Increment Refunding Bonds, Series 2016A Debt Service Fund (the "Debt Service Fund") hereby created, and Available Tax Increments and taxes levied on all taxable property in the City (the "Taxes") in the amount necessary to pay when due the principal of and accrued interest on the Bonds is pledged to the Debt Service Fund. The term "Available Tax Increments" means tax increments (as defined in Minnesota Statutes, Section 469.174, subd. 25, clause (1)) derived from Tax Increment Financing Districts Nos. 31 and No. 32 ("TIF Districts"). The City may pledge Available Tax Increments to any other obligation on a parity basis with the pledge hereunder, and may release the pledge of any tax increments hereunder, including release of any parcel within any of the identified TIF Districts, so long as the remaining pledged tax increments are reasonably expected to pay at least 20% of the principal and interest when due on the outstanding Bonds. There is also appropriated to the Debt Service Fund (i) any amount over the minimum purchase price of the Bonds paid by the Purchaser, to the extent so designated for deposit herein under Section 1.03 hereof, and (ii) any rounding amount. If a payment of principal or interest on the Bonds becomes due when there is not sufficient money in the Debt Service Fund to pay the same, the City Finance Director will pay such principal or interest from the general fund of the City, and the general fund will be reimbursed for those advances out of the proceeds of Available Tax Increments when received. The debt service fund heretofore established for the Series 2007B Bonds pursuant to the resolution authorizing the issuance and sale of the Series 2007B Bonds (the "Prior Resolution") shall be terminated once all of the General Obligation Tax Increment Bonds, Series 2007B have been paid, and all monies therein shall be transferred to the Debt Service Fund herein created. If a payment of principal or interest on the Bonds becomes due when there is not sufficient money in the Debt Service Fund to pay the same, the City Finance Director will pay such principal or interest from the general fund of the City, and the general fund will be reimbursed for those advances out of Taxes levied by this resolution when collected, or Available Tax Increments when received. 470595v1 JSB NE136-257 6