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200510856 required to be deposited to the Rebate Fund, after taking into consideration available funds, if any, on deposit with the Trustee. ARTICLE VI CONSTRUCTION FUND, COSTS OF ISSUANCE FUND Section 6.01. There is hereby created and established with the Trustee a trust fund in the name of the Corporation designated "Construction Fund ". The net sale proceeds from the sale of the Building Bonds (after the deposit to the Costs of Issuance Fund required under the terms of Section 6.05 of this Article VI), including accrued interest, if any, shall be deposited into the Construction Fund. Section 6.02. Pursuant to the Agreement, the Corporation has agreed to construct and acquire the Project as specified by the City. The Corporation hereby agrees that all costs relating to the Project shall be payable from the Construction Fund (including any amounts required to be provided by the City under the terms of the Agreement). Monies in the Construction Fund shall be expended to pay costs of the Project, upon requisitions for payment signed by the Project Manager which have been approved by the Mayor and Council of the City. The Trustee is hereby authorized and directed to cause disbursements to be made from the Construction Fund upon receipt of requisitions for payment, in the form attached hereto as Exhibit B, signed by the Project Manager. Prior to making any disbursements from the Construction Fund, the Trustee shall have been furnished with the following: a. Evidence in form of a title insurance policy or title report acceptable to the Trustee reflecting that title to the Site is vested in the City or its library board, in fee simple, subject to this Indenture, the Agreement, and such other covenants, restrictions and easements as do not interfere with the use of such Site for the construction and operation of the Project. b. A written statement made by the Project Manager, showing the total estimated cost for the Project based upon contract price information available after award of contract. If such total estimated cost exceeds the funds available from the Construction Fund such written statement shall be accompanied by evidence that the City has appropriated funds which will be available to provide for amounts needed to pay costs of the Project in excess of funds available in the Construction Fund. C. Evidence that the contractor has furnished a labor and materials payment bond and a performance bond, each in an amount equal to the guaranteed maximum price, with a surety on each such bond qualified to act as surety in the State of Nebraska and acceptable to the Trustee. d. Evidence that there is builders risk insurance in effect with respect to the Project sufficient to cover replacement cost in the event of casualty damage, subject to a deductible amount not in excess of $25,000.