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<br /> .L Payment Amount any earlier than 30 days after it has received the <br /> statement and Compliance Certificate required under section <br /> 3.2(4) of the Development Agreement. On each-Payment Date the <br /> City shall pay by check or draft mailed to the person that was <br /> the Registered Owner of this Note at the close of the last <br /> business day of the city preceding such Payment Date an amount <br /> equal to the sum of 90% of the Tax Increments (hereinafter <br /> defined) received by the City during the six month period <br /> preceding such Payment Date. All payments made by the City under <br /> this Note shall first be applied to accrued interest and then to <br /> principal." <br /> - <br /> tt' <br /> . 18499 <br /> 17 <br /> -- <br />