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

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the calendar month succeeding the delivery of the bonds herein authorized, sufficient sums in the Net Revenue Ac- count, after meeting the requirements of the Bond and In- terest Account, shall be withdrawn and deposited in the Parking Sinking Fund to the credit of the Term Bond Redemp- tion Account, and it is hereby determined that the total of such monthly credits in each year shall aggregate not less than the following amounts for the following years: Year End Sum Year End Sum Year End Sum Dec. 31 Per Year Dec. 31 Per Year Dec. 31 Per Year 1969 $ 25,000 1987 $115,000 1993 $145,000 1970 200,000 1988 120,000 1994 155,000 1971 -83 50,000 1989 125,000 1995 1651000 1984 100,000 1990 130,000 1996 175,000 1985 105,000 1991 135,000 1997 190,000 1986 110,000 1992 140,000 1998 220,000 1999 235,000 Said monthly credits for the particular year shall be as near- ly equal in amount as possible. Whenever the balance remaining in the Bond and Interest Account plus the balance in the Term Bond Redemption Account is equal to the amount of principal of bonds then outstanding plus the premium at the next call date and the amount of in- terest to become due at the next call date, then no further deposits need to be made to said Term Bond Redemption Account, provided the then outstanding bonds are so called for redemp- tion on such call date. The Council hereby recognizes that in order to assure prompt payment and to avoid default on the bonds maturing January 1, 2000, provision for the payment of such principal must be made annually by setting aside the above credits, and that portions of such bonds need to be redeemed from time to time prior to maturity by the use of moneys accumulated by - 21 -