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termination of e1e Debt Service Account all collections of such special assessments and taxes herein covenanted to be levied and any other sums pledged and appropriated to the Debt Service Account and not used for the payment of the principal and interest of said temporary bonds and any additional temporary bonds hereafter issued and payable from said Account shall be pledged and credited to the extent necessary to -the Debt "t Service Account of any definitive bonds issued to pay in whole or part said temporary bonds. There is hereby pledged and there shall be credited to the Debt Service Account (a) all collections of special assessments herein covenanted to be levied and either initially credited to the Construction Account and required to pay any principal and interest due on the bonds or collected subsequent to the completion of the improvements and payment of the costs thereof; (b) all accrued interest and any premium received upon delivery of the bonds, (c) all funds paid for U1e bonds in excess of $3,362,317, (d) capitalized interest in the amount of $ 6~n 770.00 (subject to such adjustments as are appropriate to prbvide sufficient funds to pay interest due on the bonds on or before OctnhAr 1 J98a, (e) any collections of all taxes which may hereafter b~ levied in the event that the special assessments herein pledged to the payment of the principal and interest on the bonds are insufficient therefor; and (f) all funds remaining in ele Construction Account after completion of the improvements and payment of the costs thereof, not so transferred to the account of another improvement. The Debt Service Account herein crea-ted shall be used solely to pay the principal and interest and any premiums for redemption of the bonds issued hereunder and any other general obligation bonds of the City hereafter issued by the City and made payable from said account as provided by law. Any sums from time to time held in the Debt Service Account (or any oeler City account which will be used to pay principal or interest to become due on the bonds) in excess of amounts which under the applicable federal arbitrage regulations may be invested without regard as to yield shall not be invested at a yield in excess of the applicable yield restrictions imposed by said arbitrage regulations on such investments. 10. It is hereby determined that no less than 20% of the cost to the City of each improvement financed hereunder within the meaning of Hinnesota Statutes, Section 475.58, Subdivision 1(3) shall be paid by special assessments to be levied against every assessable lot, piece and parcel of land benefited by the improvements. The City hereby covenants and agrees that it will let all construction contracts not here- tofore let within one year after ordering each improvement financed hereunder unless the resolution ordering the