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<br />Year of Tax Year'of Tax <br />Lev~' Collection Amount <br />1.75 1'" , 55,000 <br />1976 lt77 15,000 <br />1'" 1978 5S,OOO <br />1.78 lt7t 55,000 <br />1179 1980 55,000 <br />1180 1181 51,000 <br />1981 1182 15,000 <br />1182 1183 15,000 <br />1983 1184 55,000 <br />1... 1..5 55,000 <br />1985 1186 11,000 <br />1.. 1.' 55.000 <br />Ita 7 1_ 55,000 <br />1988 1111 51,000 <br />1.' 1.to 55,000 <br />lItO .1"1 55,000 <br />1"1 1"2 60,000 <br />1'92 1"3 60,000 <br />1"3 1.... 60,000 <br /> <br />Said tax levies are such that if collected in full <br />they, together with estimated collections of special assess- <br />ments and other revenues pledged for the payment of said <br />bonds, will produce at leas~ five per'cent in excess of the <br />amount needed to meet when due the principal and interest <br />payments on the bonds. <br /> <br />Said tax levies shall be irrepealable so.long as <br />any of said bonds are outstanding and unpaid, provided that <br />the City reserves the right and power to reduce.the levies <br />in the manner and to the extent permitted by Sec. 475.61(3) <br />M.S.A. <br /> <br />For the prompt and full payment of the principal <br />of and interest on said bonds, as the same respectively <br />become due, the full faith, credit and taxing powers of <br />the City shall be and are hereby irrevocably pledged. <br /> <br />12. The City Manager is hereby directed to file <br />a certified copy of this resolution with the County Auditor <br />of Ramsey County, Minnesota.") together with such other infor- <br />mation as he shall require, and to obtain from said Auditor <br />his certificate that said bonds have been entered in the said <br />Auditor's Bond Register.") and that the tax levy required by <br />law has been qade. <br /> <br />-8- <br />