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PROVISIONS AS TO REGISTRATION <br /> <br /> The ownership of the principal of and interest on the within Bond has been registered on the <br />books of the Registrar in the name of the person last noted below. <br /> <br />Date of Registration <br /> <br />Registered Owner <br /> <br />Cede & Co. <br />Federal ID #13-2555119 <br /> <br />Signature of <br />Officer of Registrar <br /> <br /> 3.02. The City Administrator is directed to obtain a copy of the proposed approving legal <br />opinion of Kennedy & Graven, Chartered, Minneapolis, Minnesota, which is to be complete except <br />as to dating thereof and to cause the opinion to be printed on or accompany each Bond. <br /> <br />Section 4. .Payment; Security; Pledges and Covenants. <br /> <br /> 4.01. The Bonds are payable from the General Obligation Tax Increment Bonds, Series <br />1999A Debt Service Fund (Debt Service Fund) hereby created, and tax increments (Tax <br />Increments) from the Tax Increment Financing District Nos. 1, 2 and 4 in the amount of at least 20 <br />percent of the principal of and interest on the Bonds are pledged to the Debt Service Fund. There <br />also is pledged to the Debt Service Fund all revenues (Housing Revenues) paid to the City by or on <br />behalf of the Anoka County Housing and Redevelopment Authority (County HRA) pursuant to the <br />Indenture of Trust between the County HRA and U.S. Bank Trust National Association dated as of <br />December 1, 1998. If a payment of principal or interest on the Bonds becomes due when there is <br />not sufficient money in the Debt Service Fund to pay the same, the City Finance Officer is directed <br />to pay such principal or interest from the general fund of the City, and the general fund will be <br />reimbursed for those advances out of the proceeds of Tax Increments or Housing Revenues when <br />received. There is appropriated to the Debt Service Fund (i) capitalized interest funded from Bond <br />proceeds, if any, (ii) any amount over the minimum purchase price paid by the Purchaser, and (iii) <br />the accrued interest paid by the Purchaser upon closing and delivery of the Bonds. <br /> <br /> 4.02. It is determined that the estimated collection of Tax Increments and Housing <br />Revenues for payment of principal and interest on the Bonds will produce at least five percent in <br />excess of the amount needed to meet, when due, the principal and interest payments on the Bonds <br />and that no tax levy is needed at this time. <br /> <br />SJB. 156196 <br />RA 125-54 <br /> <br /> <br />