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3 . The amount equal to the interest accruing on the <br /> Refunding Bonds from June 1, 1985, to the date of their <br /> delivery shall be deposited in the Debt Service Account in <br /> the Revenue Bond Fund. <br /> 4. The balance of the proceeds of the Bonds remaining <br /> after the application of proceeds pursuant to Subparagraphs <br /> (C) ( 1)- (3 ) of this Section shall be deposited with the <br /> Refunding Trustee and shall be applied pursuant to the <br /> Safekeeping Agreement to pay the costs of the refunding and <br /> the issuance of the Refunding Bonds (including but not <br /> limited to the fees and costs of Preston, Thorgrimson, <br /> Ellis & Holman, bond counsel to the City, and the fees and <br /> costs of Dain Bosworth Inc . , financial advisors to the City) . <br /> At the time of the delivery of the Refunding Bonds and prior <br /> to the application of the proceeds of the Bonds, the Treasurer <br /> is hereby authorized and directed to make the following <br /> interfund transfers: <br /> 1 . The amount of approximately $700, 000 in the debt <br /> service account for the Outstanding Bonds shall be <br /> transferred to the 1985 Advance Refunding Fund-A. <br /> 2 . The amount of approximately $350, 000 in the debt <br /> service account for the Outstanding Bonds shall be <br /> transferred to the 1985 Advance Refunding Fund-B. <br /> 3 . The amount of approximately $1,200, 000 in the <br /> reserve account for the Outstanding Bonds shall be <br /> transferred to the 1985 Advance Refunding Fund-A. <br /> 4. The amount of approximately $5, 000, 000 in the <br /> reserve account for the Outstanding Bonds shall be <br /> transferred to the 1985 Advance Refunding Fund-B. <br /> -35- WMD202 85/06/10 <br />