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71 • provisions of this resolution shall also apply to all matters relating thereto, including, without limitation, the printing of such Bonds in the form of bond certificates and the method of payment of principal of and interest on such Bonds in the form of bond certificates. Section 4. Security Provisions. 4.01. 2001 Tax Abatement Bond Construction Fund. There is hereby established on the official books and records of the City a Series 2001A General Obligation Tax Abatement Bond Construction Fund (the"Construction Fund"). To the Construction Fund there shall be credited all proceeds of the Bonds. From the Construction Fund there shall be paid by the City all costs and expenses of the Improvements and the issuance of the Bonds. After payment of all costs of the Improvements, the Construction Fund shall be discontinued and any Bond proceeds and other funds remaining therein shall be transferred to the Sinking Fund created pursuant to Section 4.02 hereof. 4.02. 2001 Tax Abatement Bond Sinking. The Bonds shall be payable from a separate Series 2001A General Obligation Tax Abatement Bond Sinking Fund (the "Sinking Fund") which shall be created and maintained on the books of the City as a separate debt redemption fund until the Bonds, and all interest thereon, are fully paid. There shall be credited to the Sinking Fund the following: .(a) Any amount deposited therein pursuant to Section 4.01 hereof. • (b) All Tax abatement Revenue received by the City. (c) All taxes levied and all other money which may at any time be received for or appropriated to the payment of the principal of or interest on the Bonds, including all collections of any ad valorem taxes levied for the payment of the Bonds. (d) Any other funds appropriated by the Council for the payment of the Bonds. There are hereby established two accounts in the Sinking Fund, designated as the "Debt Service Account" and the "Surplus Account." All money appropriated or to be deposited in the Sinking Fund shall be deposited as received into the Debt Service Account. On each February 1, the City Finance Director shall determine the amount on hand in the Debt Service Account. If such amount is in excess of one-twelfth of the debt service payable from the Sinking Fund in the immediately preceding 12 months, the City Finance Director shall promptly transfer the amount in excess to the Surplus Account. The City appropriates to the Surplus Account any amounts to be transferred thereto from the Debt Service Account as herein provided and all income derived from the investment of amounts on hand in the Surplus Account. If at any time the amount on hand in the Debt Service Account is insufficient to meet the requirements of the • -13-