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4.01. PIed�e. (a) The City hereby pledges to the payment of the principat of and interest on the Note aIl Available Tax I�tcrement as defined in the Note, Availab�e Tax Incremen� shall be applied to pay�ent of the principal ofand interest on the Note in aecordance with the #erms of the Note. 4.02. Bond Fund. Until the date the Note is no longer outstanding and no principal thereof or interest thereor� (to the extent required to be paid purs�ant to this resolution) remains unpaid, the C�ty shal} maintain a separate and specia} "Bond Fund" to be used far �o purpose other than the payment of the princ�pa� of an� inte�'est on the Noie. The C�ty irrevocably agrees to appropriate to the Bond Fund upon or before each payment da#e all Avai�ab3e Tax Incrernent. Any Available Tax Incr�ment rernaining i� the Bond Fund shal] be transferred ta the City's account for TIF District No. 4 upon the payment of al] principal and interest to be paid with respect to the Note. 4.03. Adt�itional Qbli ations. While the No�e is outstanding, the City shall not pledge or permit the pledge of all or any portion of the AvaiIable Tax Incre�nent to the payr�ent of principal of or interest an any obligations of the City unless and to the extent such pledge is subordinate to the pledge to the Note. Section 5. Certification of Proceedin�s. 5.01. Certiftcation of Proceedin�s. The of�cers of the Ciiy are hereby authorized and directed to prepare and itz�-nish to the Owner of the Note certified copies of alI proceedings and records of the City, and such ot�er affidavits, certifcates, and information as may be req�ired #o show th� facts relating to the legality and �narketabiiity of the Note as the same appear from the books and records under t3�eir custody and eontral or as o#herwise known to the�, and all s�.�ch certified copies, eerti�cates, and af�davits, including any hereto�ore fur�ished, shalI be t�eemed representations af the City as to the facts recited therein. Section 6. Effective Date. This resolutian shall be effecti�e vpon full exeeution of the Agreement. Adopted this 20`�' day of December, 2010. Mayor City Administrator 37899Dv10 57B AR200-EO C_g