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(1) pay the principal of and interest on any <br />obligations (including the Bonds) payable solely from <br />allocated tax proceeds which are incurred by the <br />Redevelopment District for the purpose of financing or <br />refinancing the redevelopment of the Allocation Area; <br />(2 ) establish, augment, or restore the debt service <br />reserve for bonds (including the Bonds) payable solely <br />or in part from allocated tax proceeds in the Allocation <br />Area; <br />(3) pay the principal of and interest on bonds <br />payable from allocated tax proceeds in the Allocation <br />Area and from the special tax levied under Section 27 of <br />the Act; <br />(4) pay the principal of and interest on bonds <br />issued by the City to pay for local public improvements <br />in or serving the Allocation Area; <br />(5) pay premiums on the redemption before maturity <br />of bonds payable solely or in part from allocated tax <br />proceeds in the Allocation Area; <br />(6) make payments on leases payable from allocated <br />tax proceeds in the Allocation Area under Section 25.2 <br />of the Act; <br />(7) reimburse the City for expenditures made by the <br />City for local public improvements (which include <br />buildings, parking facilities, and other items described <br />in Section 25.1(a) of the Act) within or serving the <br />Allocation Area; <br />(8) reimburse the City for rentals paid by the City <br />for a building or parking facility within or serving the <br />Allocation Area under any lease entered into under <br />IC 36 -1 -10; <br />(9) pay all or a portion of a property tax <br />replacement credit to taxpayers in the Allocation Area <br />as determined by the Commission pursuant to Section 39 <br />of the Act; or <br />(10) pay expenses incurred by the Commission for <br />local public improvements that are in the Allocation Area <br />IL or serving the Allocation Area. Public improvements <br />include buildings, parking facilities, and other items <br />described in Section 25.1(a) of the Act; <br />-19- <br />\rlhill \sthbnd \airport \general \finalbd;lh;August 31, 1990 <br />