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Issued under Assessment District No. 1974 -2, as well as a portion of the annual payments of principal and interest assessed against the Shopping Center to service bonds issued by Assessment District No. 1974 -4, all as more particularly provided in Section III -E of the 1978 Agreement. Monies payable from the Special Fund as aforesaid are to be equal to the equivalent: of one -half of all sales and use tax revenues received by the City during the preceding calendar year with respect to retail sales and uses by businesses located in the Shopping Center. The City has been funding monies from the Special Fund to the redemption funds under the aforesaid Assessment Districts in an amount and at a rate which, as presently projected, would cause full funding, within the next several years, of all monies reasonably determined to be necessary to discharge fully the City's obligations in respect of such Assessment Districts on the bonds issued thereunder through their maturity date in fiscal year 2002 -3. Continued funding by the City under the 1978 Agreement at the current rate through such maturity would result in asubstantial overfunding to such redemption funds; although the City would be entitled to return of such overfunding upon the stated maturity of the subject bonds, the City will have been denied in the interim the ability to expend such monies for other municipal purposes. In view of the foregoing, Properties agrees to enter into an amendment of the 1978 Agreement, as to that portion of the Shopping Center remaining in the ownership ofProperties, which will relieve the City of funding excess monies from the Special Fund to the redemption funds under the above - referenced Assessment Districts, while at the same time assuring 5-