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<br />!!!!: <br /> <br />~ <br /> <br />Yaar <br />- <br /> <br />~ <br /> <br />(Saa Attachment A) <br /> <br />5.03. 11:18 haraby datana1nad that collactions of As.a..anta and. the <br />foraloi1ll Taxe. will produca five percent in axc... of tha amount .adad' to <br />.at. when due. tha principal and interast ,.,.ents OD the Bonds. The tax <br />levy har.tDprovidad shall be irrepeslabla until all of the bonds are paid. <br />provided that tha City C1erk-Trea.urer ..y aanuelly. prior to October 10 of <br />all' ,..r'., certify to the County Auditor the amount available :1Il the Debt <br />Service P'uDcl to pay principal Del intera.t c:lurina- th.. ensu:1lll y..r.. acl the <br />Couucy' Auel1tor ahall thereup01l reeluce the levy collect1bl.. cluriDa;. .-eh year <br />by tlte 80Unt ao cert1f1eel. Th.. City Clerk-Treasurer ia elirectefl 1:iI:l' flle .. <br />certUied. copy of thia resolution with the Auditor of ADoka CoaaCy-" ancl <br />obt.1n th,. certificata required by Mianeaot. Statute., Section 475.63. <br /> <br />5.04... Ie ia hereby eleta1'1l:1llael that the llIprov_enta to b.. f1DaDced by <br />th."BODds w1l1 d1rectly and :1Ildlrectly beneflt the abuttiDl propertY'. and. <br />the C1.ty' hereby covanaiata with the holder. frOll t1M- to. t1IIe of m. Bo1acla, <br />as f'o1.1cRra:. <br /> <br />(a) The Clt)'" h..., caus.d or will cause the Aa......ta <br />for the Iaprovaaenta eo be proap1:1T 1eriad' eo that the fUitt: <br />taatal1Dant viII. b. collectible noe later chan 1989 _4..u:1 <br />take a1~ ateps Decesaar,y to .ssure pro.pt collect~. ~ <br />the Iavr' of the As....enta i" hereby authorized'. The c:tty, <br />Counc:11 ahall cauae all. further actloDa _d. procaad1Dp <br />relat1ve to, the aak:1lla ad f:1llaDciq of the. IIlprov__ta <br />f1DaDce4: hereby to b.. taken with clue d1lilaDCe that are <br />required for the constructlon of each IIIproY~t. f1Daacacr <br />who11,. or partly frca the proceed. of the Bonds.> aDd for the <br />tiDa1.. anct valid levy of the "sea__ta ael' the appropr.ta- <br />t:ioD:. of. any other fund. needed to pay the Bond.. and :1Iltaaat <br />tharaODi vb.. du... <br /> <br />( <br /> <br />(b) In: the evaDt of any current. or antlc1patadi clef1.,- <br />c1enC)" ill the ".euaant., the Clty' Council. will levy ad." <br />..101''' taxe. in th.. _ouat of said currant or anticipatecr <br />eleflc1eDq . <br /> <br />(c) The City will keep COIIp1ete and accurate book.. and <br />recorda ahow1Dg all recalpt. and dl.burs...nt. in coanect1on <br />with the. IIlprov_ent., and A..as.ants levied therefor anc1 <br />other fund.. appropriated for their payment-, and all collec- <br />tlons thereof anel ell.bur....uta therefrom. Iloney. on hand <br />and balance of unpaid As.e..euta. <br /> <br />(d) Th. City will CAUse' ita boob and recorela to be- <br />auditeel at lea.t annually and will fumish copie. of such <br />audit report. to any iDtere.teel person upon reque.t. <br /> <br />, <br />