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7 <br /> <br />~ Withdrawls from the Construction Account shall be <br />permitted.as to transfers of Governmental Obligations (as <br />hereinafter defined) as provided in Section lO(c) and to pay <br />Project Costs. <br /> <br /> -~ Th~ term "Project Costs" shall mean: ~ <br /> <br /> ~i%~bligations incurred for labor (including payroll <br /> costs ofthe City,s employees according to time spent-by such <br /> employe~s on the Project) and to contractors, builders and <br /> materia!menin connection with the acquisition, construction <br /> and instailat~o~-~f the Project including obligations for <br /> materials and equipment; <br /> <br /> interests inland, require'd specifically <br /> sTte improvements required for the <br /> construction oroperation of the Project; <br /> <br /> ~3 ~tiii), the cost of any indemnity and surety bonds. · <br />~!de~m~ necessary by; or required of, ~he City and the <br />~i'~ premi~ forlin~urance, if any, in~c6nnectioA with the <br />-~Pr0je~%~auring ~he construction per~od, and until all Notes <br /> havebeen ~ )aid and'discharged;. <br /> <br /> ~rpenses of engineers for surveys <br /> and e~ preliminary investigations, <br /> preparation of plans, drawings and specifications, and <br /> supervising, con~ction, as well as for the performance of <br /> ~'~all other~duties. 6f ~ngineers in relation'~{o the Project.or <br /> <br />(v) fees ~d charges <br /> <br />of consultants in <br /> <br />connection <br /> <br /> 'ations or expenses heretofore <br />with the <br />ect constituting a proper Project Cost approved by the <br /> <br /> (vii) filing.fees, legal expenses and fees, fiscal <br />consultant fees and expenses, underwriting fees and expenses, <br />cost of audits and printing in connection with the issuing <br />of the Notes. <br /> <br /> The amounts in the Construction Account shall be used <br />solely to pay Project Costs and each such payment shall <br />be evidenced by a certificate executed by an authorized <br />representative of the City, which certificate shall be <br />retained in the files of the City relating to the Project. <br />Each such certificate shall certify with respect to each <br />such payment: (i) that none of the items to which such <br />payment relates has formed the basis for any payment <br />theretofore made from the Construction Account; and (ii) <br />that each item to which such p~ymen~ relates is or was <br />necessary in connection with the Project. In the case of any <br /> <br /> <br />