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~ ,,.) .. without limitation, any remaining and unneeded Revised Series 1985 Tax Levies shall thereupon be cancelled (except to the extent that there are amounts owed and unpaid to the Bank under the Reimbursement Agreement), and the Series 1986 Tax Levies shall be revised to reflect the actual date of crossover refunding of the Series 1985 Bonds and the amount of debt service funds then available and pledged to the payment of the principal of and interest on the Bonds, when due. Subject to the above provisions of this paragraph 14, all collections received by the City of the Revised Series 1985 Tax Levies and the Series 1986 Tax Levies, respec- tively, or of any additional ad valorem taxes required to be levied by the Ser ies 1985 Bond Resolution or this Resolu- tion, respectively, shall be deposited in the Debt Service Account for the Series 1985 Bonds or the Debt Service Fund for the Bonds, as the case may be, when and as such taxes are received by the City, and shall be irrevocably pledged to the payment of the Ser ies 1985 Bonds and the Bonds, respectively. ~5. Crossover Refunding Covenants. The City hereby covenants that as long as any of the Bonds remains undis- charged under this Resolution it will not optionally redeem any of the Series 1985 Bonds prior to the Crossover Date and that it will not convert the Series 1985 Bonds to a Fixed Interest Rate, as def ined and provided in the Ser ies 1985 Indenture. The City further covenants that it will timely take or cause to be taken all actions necessary under the applicable provisions of the Series 1985 Bond Resolution, the Series 1985 Indenture, the Escrow Deposit Agreement, and this Resolution to effect a crossover refunding of the Series 1985 Bonds on the Crossover Date. 16. Pledge of Full Faith and Credit to Bonds. The full faith and credit and taxing powers of the City are hereby pledged to the payment of the principal of and interest on the Bonds, and in the event of any currrent or anticipated deficiency of funds in the Debt Service Fund of amounts needed to make any such payment, when due, the City Council shall levy ad valorem taxes on all taxable property in the City in the amount of such deficiency. 17. Debt Service Sufficiency. It is hereby determined that the funds pledged by this Resolution to the payment of the Bonds will produce at least 5% in excess of the amount needed to pay, when due, the pr incipal of and interest on the Bonds. The Ci ty Clerk-Treasurer is directed to file a certified copy of this Resolution with the Director of Prop- erty Taxation of Ramsey County and to obtain the certificate required by Minnesota Statutes, Section 475.63. - 18 -