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interest payments on the outstanding Bonds (the <br />"Debt Service Reserve Requirement "). All money in <br />the Reserve Account shall be used and withdrawn by <br />the City solely for the purpose of making deposits <br />into the Bond Principal and Interest Account, in <br />the event of any deficiency at any time in such <br />account, or for the purpose of paying the interest <br />on or principal of or redemption premiums, if any, <br />on the Bonds in the event that no other money is <br />lawfully available therefor, except that so long <br />as there is no default hereunder any amount in the <br />Reserve Account in excess of the Debt Service Reserve <br />Requirement shall be withdrawn from the Reserve <br />Account and deposited in the General Account. Money <br />in the Reserve Account shall also be available to <br />make the final payments of interest and principal <br />on the Bonds. <br />(c) The remaining amounts in the Allocation <br />Fund shall accumulate in the General Account of <br />the Allocation Fund and be available to: <br />(1) Pay the principal of and interest <br />on any obligations (including the Bonds) payable <br />solely from allocated tax proceeds which are <br />incurred by the Redevelopment District for <br />the purpose of financing or refinancing the <br />redevelopment of that Allocation Area; <br />(2) Restore the debt service reserve <br />for bonds (including the Bonds) payable solely <br />or in part from allocated tax proceeds in the <br />Allocation Area; <br />(3) Pay the principal of and interest <br />on bonds payable from allocated tax proceeds <br />in the Allocation Area and from the special <br />tax levied under IC 36- 7- 14 -27; or <br />(4) Pay the principal of and interest <br />on bonds issued by the City to pay for local <br />public improvements in the Allocation Area, <br />to reimburse the City for expenditures made <br />by City for local public improvements (which <br />include buildings, parking facilities, and <br />other items described in IC 36- 7- 14- 25.1(a)) <br />within the Allocation Area, or for rentals <br />paid by City for a building or parking <br />facility within that Allocation Area under <br />any lease entered into IC 36 -1 -10. <br />-15- <br />