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principal and the interest on the Bonds, has been paid. The City hereby pledges and appropriates the tax increments to the Debt Service Account, which pledge and appropriation shall continue until all of the Series 1 Bonds, and any additional bonds payable from the Debt Service Account, are paid or discharged. The City hereby expressly reserves the right to use the tax increments to finance costs set forth in the Plan not financed hereby or to finance costs of other proJects to be undertaken from time to time within the Development District in accordance with the Program and the Plan, as may be from time to time amended. In particular and as an application of the previous sentence, the City hereby expressly reserves the right to use Excess Developer's Tax Increments, as defined in a Development Agreement by and between the City and Centre pointe Investment Company, a Limited Partnership, for the purposes set forth in Section 3.7(4) of said Development A~reement even if by so using such Excess Developer's Tax Increments the amount of tax increments is not in the aggregate sufficient to pay the principal and interest on the Series 1 Bonds. 26. On or before October 10 of each year, the Treasurer shall certify to the County Auditor of Ramsey County the amount of tax increments and any other funds appropriated to and then held in the Debt Service Account and the estimated collections of tax increments to be received in the next succeeding year. In the event that it is anticipated that the aggregate of said sums will not be sufficient to pay the principal and interest on the Series 1 Bonds to become due in the first calendar year thereafter and the first six months of the succeeding calendar year, the City Council shall pass a resolution requesting the County Auditor of Ramsey County to levy an ad valorem tax in an amount as is necessary, together with the aforementioned funds then held in the Debt Service Account and said estimated collections of tax increments to pay the principal and interest on the Series 1 Bonds to become due during said period. 27. The tax increments are such that if collected in full they, together with estimated collections of other revenues herein pledged for the payment of the Series 1 Bonds, will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Series 1 Bonds. 29