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_ _ . .. . .. __ _ 4.OI . Pled�e. (a) The City hereby p�edges to the payment of the principal of and interest on the Note all Available Tax Inerernent as defined in the Note_ Availa6le Tax l�crer�ent shall be applied to payment of the principal of and interest on the Note in acc�rdance with the terms of the Note. 4.02. Bond Fund. Unti� the date the Note is na IongEr outstanding and no pri�►cipa3 thereof or interest thereon (to the extent required to be paid pursuant to this resolution) rertnains unpaid, the City shall �naintain a separate and special "Bond Fund" to be used for no purpose other than the payment of the principal of and interest on the Note. The City irrevocably agrees to appropriate to the Bo�rd Fund upon or before each payment date alI A�ailable Tax Increment. Any Ar�aa]able Tax Increment remaining in the Bond Fund shall be transferred to the City's account for TIF District No. 4 upon the payment of all principal and interest to be paid with respect to the Note. 4.03. Additional Obli ations. While the Note is outstanding, the City shall r�ot pledge ar permit the plec�ge of all or any portion of the Available Tax I�crement to the payment of principal of or interesi on any obligations of ihe City unless and to the extent such pledge is subordinate to the pledge to the No#e. Section 5_ Certifcation ofProceedin�,s. 5.01. Certificatzon of Proceedin�s. The offcers of ihe City are hereby authorized and directed to prepare and furnish to the Owner of the Note certifred capies of alt proceedings and records of the CiEy, and such other affidavits, certificates, and information as may be req�tired to show the facts relating to the legality and marketability of the Note as the same appear from tlze books and records under their custody and control ar as o#herwise k�own to them, and all such certified copies, certificates, at�d affidavits, including any heretofore furnished, shall bE deerned representatians of ihe City as to the facts recited therein. Section 6. �ffective Date. This resolution shall be effective upon fu91 exeeut�on of the Agreement. Adopted this �20`�' day of December, 2010. Mayor City Admi�istrator G8