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fund. <br /> <br /> B. If any reassessment 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 reassessment bears to the total amount of <br />assessments originally levied in North Pleasanton Fire <br />Protection Refunding District No. 1988-4. This reduction in the <br />~mount of principal prepaid sh~ll be b~l~nced by ~ transfer from <br />the special reserve fund to the redemption fund in the same <br />~mount. <br /> <br /> C. Whenever required to prevent the reserve fund <br />from exceeding the reserve limitations set by federal statute <br />and regulstion, the City Director of Finance is directed to <br />transfer ~ccrued interest from the special reserve fund to the <br />redemption fund from time to time, and to establish pro rats <br />credits ~gainst annual installments of reassessment principal <br />and interest in the s~me ~mount in the year following the year <br />of transfer. <br /> <br /> D. When the ~mount in the special reserve fund <br />e~u~ls or exceeds the amount required to retire the remaining <br />urn~tured bonds (whether by ~dv~nce retirement or otherwise), <br />the amount of the special reserve fund sh~ll be transferred to <br />the redemption fund, ~nd the remaining installments of principal <br />and interest not yet due from &ssessed property owners sh~ll be <br />cancelled without payment. <br /> <br /> <br />