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Account shall be irrevocable appropriated to the paYment of the principal of and interest on the Bonds herein authorized until the proceeds of the Bonds are applied to payment of the Prior 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. Any moneys remitted to the City upon termination of the Escrow Agreement shall be deposited in the Debt Service Account. (ii) Debt Service Account. To the Debt Service Account there is hereby pledged and irrevocable appro- priated 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 19 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 private developers; provided that such guarantee paYments shall not be used to pay more than five percent (5%) of the principal and interest on the Bonds in any calendar year without an opinion of Bond Counsel being obtained that states the paYment of guarantee paYments in excess of five percent (5%) does not impair the tax exempt status of the Bonds; (3) any balance remitted to the City upon the termination of the Escrow Agreement; (4) any balance remaining on February 2, 1994, in the Debt Service Account of the: (i) General Obligation State-Aid Highway Bonds Fund: and (ii) General Obligation Tax Increment Bonds (Development District NO.1) Fund created by the Prior Resolutions; (5) all investment earnings on funds in the Debt Service Account; and (6) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Debt Service Account. The amount of any surplus remaining in the Debt Service Account when the Bonds and interest thereon are paid shall be used consistent with Minnesota Statutes, Section 475.61, Subdivision 4. 2695 7 37