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<br />. <br /> <br />. <br /> <br />. <br /> <br />outstanding commitments heretofore made for such tax increments. <br />In discharging its obligations under this Agreement, the EDA <br />expressly reserves the rights (1) to pledge or otherwise dedicate <br />the Available Tax Increments to purposes other than the discharge <br />of the obligations described above upon a finding by the EDA that <br />the estimated Available Tax Increments then remaining will be <br />sufficient from year to year for such purposes, and (2) to <br />satisfy its obligations hereunder from year to year from such <br />eligible tax increment districts or other revenues, or <br />combinations thereof, as the EDA may deem in its discretion to be <br />appropriate, desirable or necessary, as may be permitted by law. <br /> <br />2. An executed copy of this Agreement shall be filed with <br />the Director of Property Taxation of Ramsey County, Minnesota, as <br />required by Minnesota statutes, section 469.178, Subdivision 2. <br /> <br />3. This Agreement shall become effective upon the actual <br />issuance and delivery of the Bonds. <br /> <br />IN WITNESS WHEREOF, the City and the EDA have caused this <br />Agreement to be duly approved and executed as of the day and year <br />first above written. <br /> <br />(SEAL) <br /> <br /> <br />VIEW ECONOMIC DEVELOPMENT <br /> <br />262148.1 <br />