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<br />installments thereof from time to time remaining unpaid at a rate authorized pursuant to Minnesota <br />Statutes, Chapter 429. It is estimated that the principal and interest on such special assessments <br />will be collected in the years and amounts as follows: <br />Levy Collection <br />Y~ Year <br />Amount <br />1998 2000 <br />0 1999 2001 <br />~ 2000 2002 <br />a 2001 2003 <br />n 2002 2004 <br />a 2003 2005 <br />- 2004 2006 <br />~ 2005 2007 <br />^ 2006 2008 <br />2007 2009 <br />e 2008 201 ~ <br />• <br />In the event any such assessment shall at any time be held invalid with respect to any Iot or tract of <br />land, due to any error, defect or irregularity in any action or proceeding taken or to be taken by the <br />Issuer or by the City Council or by any of the officers or employees of the Issuer, either in the <br />making of such assessment or in the performance of any condition precedent thereto, tha Issuer <br />hereby covenants and agrees that will forthwith do all such f other things and take atl such finther <br />proceedings as shall be required by law to make such assessment a valid and binding Iien upon said <br />property. <br />Section 6. Pledge of Taxing Powers. For the prompt and full payment of the principal <br />of and interest on the Bonds as such payments respectively become due, the full faith, credit and <br />unlimited taxing powers of the Issuer shall be and are hereby irrevocably pledged. There is hereby <br />levied in each of the following years, the following amounts to pay debt service on the Bonds: <br />Levy Collection <br />Year Year <br />1998 2000 <br />^ 1999 2001 <br />~ 2000 2002 <br />- 2001 2003 <br />~ 2002 2004 <br />- 2003 2005 <br />~ 2004 2006 <br />n 2005 2007 <br />Amoun <br />1796667.01 <br />• 15 <br />