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W <br />excess of the amount transferred to the Bond Fund and the Reserve Fund in accordance with <br />Section 4.4(b) and (c) of this Resolution. <br />"Fannie Mae Loan" means the loan obtained by the City under the Loan and Security <br />Agreement dated August 22, 2004, between the City and Fannie Mae. <br />"Fund" means any of the funds created and described in Section 4. <br />"Government Obligations" means bonds, notes, bills and other securities which are direct <br />general obligations of the United States of America. <br />"Housing Act" means Minnesota Statutes, Sections 469.001 to 469.047, as amended. <br />"Resolution" means this Resolution, together with any supplement or amendment hereto <br />entered into pursuant to the applicable provisions hereof. <br />"Interest Payment Date" means February 1 and August I of each year, commencing <br />August 1, 2007. <br />"Maturity" means, when used with respect to any Bond, the date on which the principal <br />of such Bond becomes due and payable as therein or herein provided, whether at the Stated <br />Maturity or by scheduled redemption or declaration of acceleration or call for redemption or <br />otherwise. <br />"Participants" means those broker-dealers, banks and other financial institutions from <br />time to time for which DTC holds Bonds as securities depository. <br />"Payment Date" means any Interest Payment Date and any Principal Payment Date. <br />"Person" means any individual, corporation, partnership, joint venture, association, joint <br />stock company, trust, unincorporated organization, government, or any agency or political <br />subdivision thereof. <br />"Phase IA For Sale Housing Development Property" means the portion of the TIF <br />District identified as such and described in EXHIBIT A to this Resolution. <br />"Principal Payment Date" means each February 1, commencing February 1, 2008. <br />"Rebate Amount" means any amount required or permitted to be paid to the United States <br />in order to comply with Section 148(a) of the Code. <br />"Rebate Fund" means the Fund by that name created and established by Section 4 of this <br />Resolution. <br />"Redemption Date" means, with respect to any Bond to be redeemed, the date on which it <br />is to be redeemed pursuant to this Resolution. <br />-4- <br />