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<br />, <br /> <br />. <br /> <br />(3) Deposit in the Debt Service Reserve Account an <br />amount which when added to the amount transferred pursuant <br />to Subsection A above will be equal to the Reserve <br />Requirement, net of an amount equal to that portion of the <br />interest payable during the current Bond Year attributable <br />to monies in the Escrow Fund; <br /> <br />(4) Deposit in the Costs of Issuance Account, an <br />amount equal to $731,536. <br /> <br />(5) Deposit in the Series B Bonds Refunding Escrow <br />Account an amount which when added to the amount <br />transferred to such fund pursuant to subsection A above <br />will be sufficient, taking into consideration any <br />investment earnings thereon, to pay the principal of, <br />premium, if any, and interest on the Refunded Bonds through <br />the date of redemption; <br /> <br />(6) After making the above deposits, the balance of <br />the proceeds from the sale of the Bonds shall be <br />transferred to the Treasurer, who shall place the same in <br />the Redevelopment Fund. <br /> <br />. <br /> <br />C. The moneys set aside in the Redevelopment <br />shall remain there until from time to time expended for <br />purpose of financing a portion of the costs of the <br />Redevelopment Project and other related costs, and also <br />including in such costs: <br /> <br />Fund <br />the <br /> <br />(1) the payment of an amount of money in lieu of <br />taxes as authorized by Section 33401 of the Law in any year <br />during which the Agency owns property in the Redevelopment <br />Project Area, to any city, county, city and county, <br />district or other public corporation which would have <br />levied a tax upon such property had it not been exempt from <br />taxation; <br /> <br />(2) the cost of any lawful activities in connection <br />with the implementation of the Redevelopment Project Area, <br />including, without limitation, those activities authorized <br />by Section 33445 of the Law; and <br /> <br />(3) the Costs of Issuance (not otherwise paid from <br />the Costs of Issuance Account). <br /> <br />. <br /> <br />If any sum remains in the Redevelopment Fund after the <br />full accomplishment of the objects and purposes for which the <br />Bonds were issued, that sum shall be transferred to the Special <br />Fund. Moreover, all interest and income earned from the <br />Redevelopment Fund on or prior to the date established by <br />resolution of the Agency shall be retained therein. <br /> <br />12-02-85 <br />9553p/228l/01 <br /> <br />-20- <br />