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Ao <br /> <br />Bo <br /> <br />Co <br /> <br />Do <br /> <br />Eo <br /> <br />The types of uses of the Development Account will include, but <br />not be limited to, the following: (i) the making of loans at <br />interest rates below or at market rates of interest in order to <br />strengthen the financial feasibility of proposed projects; (ii) the <br />guaranteeing of loans; (iii) the provision of secondary or gap <br />financing for specific projects; (iv) the financing, of land <br />acquisition and disposition and the construction of public <br />improvements and utilities to aid proposed projects; (v) the <br />administration of economic development programs; and (vi) any <br />other uses as permitted by applicable law. <br /> <br />To the extent possible, funds from the Development Account will <br />be allocated to a diverse number of projects and programs, <br />thereby reducing the risk that funds to be repaid will not be <br />available for future use. <br /> <br />The Development Account may be used to provide short-term <br />financing of the public cost of particular projects so as to allow <br />the sale of bonds which in turn will provide long-term financing <br />of such costs at a time and rate most economically beneficial to <br />the City. <br /> <br />Ail funds from the Development Account will be adequately <br />secured by liens, tax increment, letters of credit, and/or other <br />appropriate forms of security. <br /> <br />Every attempt will be made to ensure that all funds from the <br />Development Account will be repaid with interest at interest <br />rates which will be established on a project by project basis by <br />the City, upon recommendation of the Authority. <br /> <br /> <br />