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and, subject to 4.02, special assessments levied or to be levied against the property specially benefited by the Assessable Improvements (the "Assessments"); (ii) capitalized interest financed from Bond proceeds, if any; (iii) the amount over the minimum purchase price paid by the Purchaser, to the extent designated for deposit in the Debt Service Fund in accordance with Section 2.03 hereof; (iv) all investment earnings on funds in the Debt Service Fund; and (v) any and all other moneys which are properly available and are appropriated by the City Council to the Debt Service Fund. The Debt Service Fund will be maintained in a manner herein specified until all of the Bonds and the interest thereon will have been fully paid. The Finance Director will report to the City Council any current or anticipated deficiency in the Debt Service Fund in the amount necessary to pay principal of and interest on all of the Bonds when due. If a payment of principal or interest on the Bonds becomes due when there is not sufficient money in the Debt Service Fund to pay the same, the City Finance Director is directed to pay such principal or interest from the other funds of the City, and such fund will be reimbursed for those advances out of the proceeds of Taxes and Assessments when collected. 4.02. Construction Fund. The City hereby creates the General Obligation Improvement Bonds, Series 2025A Construction Fund (the "Construction Fund") to be administered and maintained by the City Finance Director as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. The proceeds of the Bonds, less appropriations made in Section 4.01 hereof, together with any other funds appropriated for the Assessable Improvements and the Assessments and Taxes collected during the construction of the Assessable Improvements, will be deposited in the Construction Fund to be used solely to defray expenses of the Assessable Improvements and the payment of principal of and interest on the Bonds prior to the completion and payment of all costs of the Assessable Improvements. Any balance remaining in the Construction Fund after completion of the Assessable Improvements and payment of the costs thereof may be used to pay the cost in whole or in part of any other improvement instituted under the Act under the direction of the City Council or may be used as provided in Minnesota Statutes, section 475.65, under the direction of the City Council. Thereafter, the Construction Fund is to be closed and any remaining balances therein and any subsequent collections of Assessments and Taxes for the Assessable Improvements are to be deposited in the Debt Service Fund, 4.03. Tax Lew. For the purpose of paying the principal of and interest on the Bonds, there is hereby levied a direct annual irrepealable ad valorem tax upon all of the taxable property in the City, which Taxes will be spread upon the tax rolls and collected with and as part of other general taxes of the City. Such Taxes will be credited to the Debt Service Fund above provided and will be in the years and amounts as set forth in Exhibit C. The tax levy herein provided will be irrepealable until all of the Bonds are paid, provided that the Finance Director may annually, at the time the City makes its tax levies, certify to the County Auditor of the County the amount available in the Debt Service Fund to pay principal and interest due during the ensuing year on the Bonds, and the County Auditor of the County will thereupon reduce the levy collectible during such year by the amount so certified. 4,04. City Covenants with Respect to the Bonds. It is hereby determined that the Assessable Improvements will directly and indirectly benefit abutting and other benefited property, and the City hereby covenants with the holders from time to time of the Bonds as follows: 4908-6676-6901.2