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accordance with this Ordinance and Ordinance No. 5687 are hereby ratified. Pursuant to Section 99.845 of the Act and Ordinance No. 5687, payments in lieu of taxes have been and shall be collected by the St. Louis County Collector of Revenue and paid to the Finance Director with respect to real property in the Area. The Finance Director has been and shall deposit such payments in the Special Allocation Fund'to be used for the purposes set forth in this ordinance. The Finance Director and all other appropriate City officials are further authorized and directed to enter into such agreements (i) for collection of moneys to be deposited in the Special Allocation Fund and (ii) for disbursements from the Special Allocation Fund for purposes of paying redevelopment project costs as they ehali deem necessary, desirable, convenient or proper. Section 5. The City Council hereby finds and determines that it is necessary for the implementation of the Plan for the Area to authorize and direct the Finance Director of the City to create a subaccount of the Special Allocation Fund which subaccount shall be known as the "Westover Subaccount of the Special Allocation Fund" and which shall be a part of the Fund held separate and apart from the City's other funds and from the remainder of the Fund and administered by the Finance Director in accordance with this Ordinance. Payments in lieu of taxes collected by the St. Louis County Collector of Revenue and paid to the Finance Director pursuant to Section 99.845 of the Act and Ordinance No. 5687 with respect to real property in the Area which is legally described as Exhibit ~ hereto (the "Westover Area") shall be segregated by the St. Louis County Collector of Revenue from the total amount of payments in 'lieu of taxes collected for other real property in the Area. If the St. Louis County Collector of Revenues does not so segregate the payments in lieu of taxes from the Westover Area, the Finance Director shall estimate the amount thereof based upon copies of real property tax bills given to the Commission and the City by the Developer. The Finance Director s~all deposit such segregated payments in the Nestover Subaccount of the Special Allocation Fund from which disbursements shall be made to finance the redevelopment project costs in the amount of $/~/j~(9 incurred in connection with the Plan as s t f rth in an e o Agreement, a Note and a Pledge Agreement with Developer in substantially the form of attached hereto as Exhibits C, D and E, respectively (the "Agreement," the "Note," and "Pledge Agreement" respectively). The City's obligations under the Agreement, the Note and the Pledge Agreement shall not be general obligations of the City, but shall be payable solely from the Westover Subaccount of the Special Allocation Fund. The Finance Director and the City Manager are further authorized and directed to enter into agreements (i) for collection of moneys to be deposited in the Westover Subaccount of the Special Allocation Fund and (ii) for disbursements from the Westover Subaccount of the Special -2-