Purchase of Land and the Construction , off Street Parking Facilities Issuance of revenue Bonds and Distribution of the Revenues

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together with the unexpended balance remaining therein, is equal to the estimated reasonable expenses of operation, main- tenance and repair for the then current month and the then next succeeding calendar month. The reasonable expenses of operation, maintenance and repair shall include, but not be limited to, salaries, wages, cost of materials and supplies, purchase of power for light; also, paying agency fees on bonds, insurance premiums, the reports provided for in this ordinance, and the monthly pro -rata portion of other similar costs nor- mally paid on a quarterly, semi- annual, annual or quadrennial basis; provided, however, that such expenses shall exclude the cost of replacements, additions, extensions, improvements or other capital items, depreciation, and any general administra- tive expenses of the City. There shall be credited to the Net Revenue Account all remaining income and revenues derived from the Project 1969 off-street parking facilities after meeting the requirements of the Operation and Maintenance Account. Sec. 11. There is hereby created a fund to be desig- nated as "Parking Sinking Fund - Project 1969" (herein called the "Parking Sinking Fund "), which fund shall, subject to the provisions hereinafter provided for investment, be kept on de- posit in legally designated depositories for funds of the City in an account separate and apart from all other bank accounts of the City and shall be continuously held and secured, or invested, in accordance with the laws of the State of Indiana relating to the depositing, holding and securing, or investing of public funds. Said Parking Sinking Fund shall be divided into two accounts, viz., Bond and Interest Account - Project 1969, and Term Bond Redemption Account - Project 1969 (here- in called "Bond and Interest Account" and "Term Bond Redemp- - 19 -