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to Section 148 of the Code and applicable regulations thereunder, upon compliance with the <br /> conditions set forth in the Escrow Agreement. <br /> SECTION 14. Redemption of Refunded Bonds and Prepayment of Refunded Lease <br /> Obligations. The City hereby irrevocably sets aside sufficient funds through the purchase of <br /> Acquired Obligations and an initial cash deposit to make the payments specified in <br /> subparagraphs (a)through(c) of Section 13 above. <br /> The City hereby irrevocably calls for redemption on December 1, 2000, the 1990A <br /> Refunded Bonds in accordance with the provisions of Section 5 of Ordinance No. 1739-90. <br /> The City hereby irrevocably calls for prepayment on their Optional Prepayment Dates the <br /> Lease Obligations described as follows: <br /> Date of Optional Prepayment Authorizing Approving <br /> Lease Obligations Dates COP Series Ordinance Resolution <br /> April 23, 1991 April 1, 2001 1991A 1774-91 3541 <br /> October 1, 1991 October 1, 2001 1991C 1818-91 3538 <br /> May 31, 1992 March 1, 2002 1992A 1858-92 3605 <br /> Said call for redemption and prepayment of the Refunded Obligations shall be irrevocable <br /> after the final establishment of the escrow account and delivery of the Acquired Obligations and <br /> the requisite cash deposit, if any, to the Refunding Trustee, except as provided herein relating to <br /> the substitution of securities. <br /> The Refunding Trustee is hereby authorized and directed to cause notice of the defeasance <br /> and redemption of the Refunded Obligations to be given in accordance with the applicable <br /> provisions of Ordinance No. 1739-90 and of Ordinance Nos. 1774-91, 1818-91 and 1858-92 and <br /> the trust agreements and leases which they authorize. The Finance Director is authorized and <br /> requested to provide whatever assistance is necessary to accomplish such redemption and the <br /> giving of notice therefor. The costs of mailing and publication of such notice shall be an expense <br /> of the City. <br /> The Refunding Trustee is hereby authorized and directed to pay to the fiscal agency or <br /> agencies of the State of Washington, or the Trustee, as appropriate, sums sufficient to pay, when <br /> -20- J:FwwnoMxx.00c <br />