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The tax levies are such that if collected in full they, together with estimated collections of special assess- ments and other revenues herein pledged for the payment of the bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the bonds. The tax levies shall be irrepealable so long as any of the bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section 475.61(3). For the pr:omptand full payment of the principal and interest on the bonds, as the same respectively become due, the full faith, credit and taxing poweFs of t~e City shall be and are hereby irrevocably pledged. If the balance in the Debt Service Account is ever insufficient to pay all principal and interest then due on the bonds payable therefrom, the deficiency shall be promptly paid out of any other funds of the City which are available for such purpose, and such other funds may be reimbursed with or without interest from the Debt Service Account when a sufficient balance is available therein. 14. The $3,420,000 General Obligation Temporary Improvement Bonds of 1981 of the City shall be redeemed and prepaid on October l, 1983 at par and interest accrued to the date of prepayment and the City Manager is hereby authorized and directed to cause notice of the call to be published in Commercial West prior to October 1, 1983, the date of prepayment, and to give mailed notice of call to the bank where said bonds are payable and to the holders of the bonds, if any, who have registered their names, addresses and bond numbers with the City Manager, but published notice shall be effective without mailed notice. Said notice shall be in substantially the form set forth in Exhibit A attached hereto and incorporated herein by reference. 15. The City Manager is hereby directed to file a certified copy of this resolution with the County Auditor of Ramsey County, Minnesota, together with such other information as he shall require, and to obtain from the Auditor his certificate that the bonds have been entered in the Auditor's Bond Register, and that the tax levy required by law has been made. 16. The officers of the City are hereby authorized and directed to prepare and furnish to the purchaser of the bonds, and to the attorneys approving the legality of the issuance thereof, certified copies of all proceedings and records of the City relating to the bonds and to the financial