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assessment installments was made from the special reserve fund. <br /> <br /> B. If any assessment is prepaid before final <br />maturity of the bonds, the amount of principal which the <br />assessee is required to prepay shall be reduced by an amount <br />which is in the same ratio to the original amount of the special <br />reserve fund, together with accrued interest, as the original <br />amount of the prepaid assessment bears to the total amount of <br />assessments originally levied in Assessment District No. 1986-2, <br />Valley Business Park No. 2. This reduction in the amount of <br />principal prepaid shall be balanced by a transfer from the <br />special reserve fund to the redemption fund in the same amount. <br /> <br /> C. Whenever required to prevent the reserve fund <br />from exceeding the reserve limitations set by federal statute <br />and regulation, the Director of Finance is directed to transfer <br />accrued interest from the special reserve fund to the redemption <br />fund from time to time, and to establish pro rata credite <br />against annual installments of assessment principal and interest <br />in the same amount in the year following the year of transfer. <br /> <br /> D. When the amount in the special reserve fund <br />equals or exceeds the amount required to retire the remaining <br />unmatured bonds (whether by advance retirement or otherwise), <br />the amount of the special reserve fund shall be transferred to <br />the redemption fund, and the remaining installments of principal <br />and interest not yet due from assessed property owners shall be <br />cancelled without payment. <br /> <br /> Section 6. PAYMENT ON BONDS. The principal and <br />interest on the bonds shall be payable at Bank of America <br /> <br /> 4 <br /> <br /> <br />