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Fund shall be maintained in the manner herein specified until all of the Bonds and the interest thereon have been fully paid. There shall be maintained in the Fund two (2) separate accounts, to be designated the "Escrow Account" and "Debt Service Account", respectively. The proceeds of the sale of the Bonds herein authorized, less any accrued interest received thereon and any unused discount (unless used to help fund the Escrow Account) , and less such Bond proceeds (if any) as may be used to pay issuance expenses, plus other available municipal funds (estimated at $15,205,630) as may be required to adequately fund the Escrow Account for the purposes set forth in subparagraph (i) below, are hereby pledged and appropriated and shall be credited to the Escrow Account. (i) Escrow Account. The Escrow Account shall defease the Refunded Bonds. The Escrow Account shall be maintained as an escrow account with Firstar Bank of Minnesota, N.A. (the "Escrow Agent") in St. Paul, Minnesota, which is a suitable financial institution within or without the State whose deposits are insured by the Federal Deposit Insurance Corporation and whose combined capital and surplus is not less than $500,000. The Escrow Account shall be invested in securities maturing or callable at the option of the holder on such dates and bearing interest at such rates as shall be required to provide sufficient funds, together with any cash or other funds retained in the Escrow Account, to pay when due the interest to accrue on each Refunded Bond to its maturity or to the date on which it is called for redemption as herein provided and to pay the principal amount of each such obligation at maturity or on the date on which it has been called for redemption and to pay any premium required for redemption on such date on the Refunded Bonds. The moneys in the Escrow Account shall be used solely for the purposes herein set forth and for no other purpose, except that any surplus in the Escrow Account may be remitted to the City, all in accordance with an agreement (the "Escrow Agreement") by and between the City and Escrow Agent, a form of which agreement is on file in the office of the Manager. (ii) Debt Service Account. To the Debt Service Account there is hereby pledged and irrevocably appropriated and there shall be credited: (1) by transfer from the separate tax increment accounts heretofore established for each of the Tax Increment Districts and subject to the provisions of paragraph 17 hereof, Tax Increments derived from the Tax Increment Districts in an amount which, together with other revenues herein pledged to the payment thereof, are sufficient to pay the principal and interest to become due on the Bonds heretofore and herein authorized¡ (2) any tax increment guarantee paYments received in connection with the Prior Tax Increment Bonds pursuant to any development agreements entered into between the City and any 906107.01 21