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above provided and will be in the years and amounts as follows (year stated being year of levy for collection the following year): Year J&yy (See Attachment A) It is further determined that the proceeds of an ad valorem tax levy made in the year 1996 for collection in the year 1997 for the purpose of paying principal and interest on the Bonds wìll be available in the year 1998 and such proceeds are hereby irrevocably appropriated to the Debt Service Fund and that therefore no tax levy is needed for coUection in the year 199ï. 4.04. It is hereby determined that the estimated collections of Assessments and foregoing Taxes and appropriation 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 levy herein provided is :___~~1~1..1~ .._+:1 ~11 ~l"+1..~ D~_;n n_~ _~:,.1 __~..:,.1~; +1..~+ +1..~ r-:..... l\Æn_^~~_ n__nnl1.. n+ +1..~ +:~~ LUl;l.lc;aLaULC; UUUL au Vi UL";; JJVUU~ aLl;;; paLU, PLVVLU";;U LuaL 1.11";; ,"-iLJ LViauaõ~;a a..uuuauJ, aL LU";; LUU";; the City makes its tax levies, may certify to the Director of Property Records and Revenue of Ramsey County the amount available in the Debt Service Fund to pay principal and interest due during the ensuing year, and the Director of Property Records and Revenue will thereupon reduce the levy collectible during such year by the amount so certified. 4.05. The City Manager is authorized and directed to file a certified copy of this ____1__...~ __ ....:...1.. ...1.._ n:___...__ _c n____........ n ____..3_ __..3 n_..__.._ _l" n____.. r-~.._+.. __..3 +_ ~1..+n:_ H;;:SUIULlUll Willi un:; LlllC;\;LUI UI r IUl-'C;HY ~I;\;UIU:S (tuu ~C;VI;UUC; UI 1~(tUl;:)C;Y ,"-UWLLY <UIU LU UULa1U the certificate required by Minnesota Statutes, Section 475.63. Section 5. Authentication of Transcript. ~ 01 The officers of the City are authorized an.d directed to prepare a.l1d furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and under their control, relating to the validity and marketability of the Bonds and such instruments, including any heretofore furnished, may be deemed representations of the City as to the facts stated therein. 5.02. The Mayor, Finance Director and City Manager are authorized and directed to certify that they have examined the Official Statement prepared and circulated in connection with the issuance and sale of the Bonds and that to the best of their knowledge and belief the Official Statement is a complete and accurate representation of the facts and representations made therein as of the date of the Official Statement. Section 6. Tax Covenant. 6.01. The City covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action DJK1l8730 RS200-19