PRILIMINARY OFFIC STATEMENT 11-15-2001 44.

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Operating Reserve Fund On the date of the issue of the Series 2001 Bonds, the Trustee shall deposit in the Operating Reserve Fund moneys or a bank letter of credit equal to the Operating Reserve Requirement($250,000). Thereafter,the Trustee shall deposit therein Loan Repayments and other funds in the Revenue Fund necessary to maintain or restore the balance of the Operating Reserve Fund to the Operating Reserve Requirement. If the Operating Reserve Fund is funded on the Date of Issuance with a bank letter of credit,such bank letter of credit, or portions thereof,may be replaced by moneys from the Revenue Fund or from other funds of the Borrower transferred to the Trustee for deposit to the Operating Reserve Fund and the Trustee shall release the bank letter of credit, or portion thereof, from the Trust Estate. Moneys on deposit in the Operating Reserve Fund are pledged to and shall be used by the Trustee for the payment of(i)principal of and interest on the Senior Bonds when due, in the event amounts on deposit in the Senior Debt Service Account of the Bond Fund are insufficient and (ii) Operating Expenses (including deposits to the Taxes and Insurance Fund). (See "SECURITY FOR THE SERIES 2001 BONDS - Operating Reserve Fund.") Debt Service Reserve Fund On the date of issuance of the Series 2001 Bonds,an amount equal to$579,438*(the "Debt Service Reserve Requirement") from proceeds of the Series 2001 Bonds will be deposited in the Debt Service Reserve Fund created pursuant to the Indenture. Moneys in the Debt Service Reserve Fund are available to pay debt service on the Senior Bonds only. The Subordinate Bonds are not secured by the Debt Service Reserve Fund. (See "SECURITY FOR THE SERIES 2001 BONDS-Debt Service Reserve Fund.") Revenue Fund Under the terms of the Loan Agreement, on or before the 15th day of each calendar month (or if such date is not a Business Day, the next succeeding Business Day), the Borrower is required to deposit with the Trustee all Monthly Net Project Revenues and all Tax Increment Revenues. Upon receipt, the Trustee shall deposit such amounts in the Revenue Fund. On each Monthly Transfer Date the Trustee shall transfer amounts in the Revenue Fund(first from investment income deposited therein and then from other amounts) to the funds and accounts in the amounts set forth in the Indenture, in the priority set forth in the Indenture. (See "SECURITY FOR THE SERIES 2001 BONDS - Revenue Fund.") Taxes and Insurance Fund Moneys in the Taxes and Insurance Fund shall be disbursed by the Trustee to pay or to reimburse the Borrower for(i) the payment of real estate taxes and assessments payable with respect to the Project;and(ii)premiums due on the policies of insurance required to be maintained under the Loan Agreement.