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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. 1982-5, <br />Fromm Business Park. The reduction in the amount of principal <br />prepaid shall be compensated for by a transfer from the special <br />reserve fund to the redemption fund for the bonds of a like <br />amount. <br /> <br /> 5. In order to prevent the reserve fund from <br />exceeding the reserve limitations set by federal statute and <br />regulation, the City Treasurer is hereby authorized and directed <br />to make transfers of accrued interest from the reserve fund to <br />the bond redemption fund from time to time, and to establish pro <br />rata credits against annual installments of assessment principal <br /> <br />and interest in a like amount in <br />transfer. <br /> <br /> 6. When the amount in <br /> <br />the year following the year of <br /> <br />the special reserve fund equals <br /> <br />or exceeds the amount required to retire the remaining unmatured <br />bonds (whether by advance retirement or otherwise), the amount <br /> <br />of the special r~serve fund shall be transferred <br />redemption fund for the bonds, and the remaining <br />principal and interest not yet due <br />shall be cancelled without payment. <br /> <br /> to the <br /> <br /> installments of <br />from assessed property owners <br /> <br /> <br />