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amount of insurance obtained, for the repair, reconstruction or <br />replacement of any damaged or destroyed portion of the Project. <br /> <br /> Capital Pro~ect II Insurance. Under the terms of the <br />Lease, the City is required to obtain rental interruption or <br />use and occupancy insurance on Capital Project II ~o cover a <br />partial or total loss of rental income for a period of at leas~ <br />two years, subject to a $1,000 deductible. Loss due ~o <br />earthquake will be covered only if such insurance is available <br />at reasonable cost from reputable insurance companies. <br /> <br /> Payments from Water Enterprise Fund. While the City will <br />make its Rental Payments directly from the General Fund, it is <br />~he current in~ention of the City to use the Ci~y's Water <br />Enterprise Fund as a source of funds for Rental Payments. <br />However, the City is not pledging the revenues of such fund and <br />the Owners will have no rights thereto for payment of the <br />Certificates. See "CITY OF PLEASANTON WATER ENTERPRISE FUND" <br />and "RISK FACTORS." <br /> <br /> For historical data on revenues, expenditures and fund <br />balances for the General Fund, see "CITY OF PLEAS~NTON <br />FINANCIAL INFORMATION." For historical data on fund balances, <br />revenues and expenditures for the Water Enterprise Fund, see <br />Tables 1 and 2 in "CITY OF PLEASANTON WATER ENTERPRISE." <br />Table 3 relating to the Water Enterprise Fund also show <br />projections of revenues and expenditures, including lease <br />payment obligations for Capital Project I beginning Fiscal Year <br />1989-90. <br /> <br /> Projections of revenue and expenditures and revenues for <br />the Water Enterprise Fund are based on historical razes of <br />increase. The Water Enterprise Fund revenue projections also <br />reflect increased water service charges and water system <br />connection fees approved by the City Council on August 18, <br />1987, to take effect November 1, 1987. <br /> <br /> Water Enterprise Fund supported debt service is estimated <br />based on an eight percent average interest rate, and takes into <br />account reserve fund earnings as well as the use of capitalized <br />interest to fund initial interest only Rental Payments. <br /> <br /> <br />