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such certificate is made; and (iii) stating that the Net Revenues, adjusted to give effect to the proposed release of such receipts and revenues as if the same has occurred at the beginning of such audited period, were equal to at least :.20 times the largest amount of principal and interest which will mature and become due in any Fiscal Year thereafter on all Bonds then outstanding. For purposes of (iii) above (A) Revenues, Uniform Charges, and Operating Expenses may be further adjusted so as to fairly represent the operation of the System, provided that the amount and a detailed reason for such adjust- ment is set forth in such certificate; (B) Net Revenues may also be adjusted for (I) the pro forma effect of rates implemented prior to the proposed release of such receipts and revenues and (II) new customers added to the System during the test period; and (C) any amounts owed to the issuer of a Reserve Account Credit Instrument as a result of a draw thereon, as appropriate, shall be added to the principal and interest payable on Bonds to determine compliance with the foregoing test; (2) A certificate of the chief financial officer of the County stating that the County has established and will maintain a separate accounting of all revenues and expenses in connection with any such independent system or with respect to such Impact Fees, Surcharges, Special Assessments, Franchise Fees, Fees in lieu of Franchise Fees, or other receipts and revenues to be released, apart from the Pledged Funds; and (3) Written consent of the bond insurer for the Series 1993 Bonds, if the insurance policy for the Series 1993 Bonds is then in effect. All or any part of the certificate required under subparagraph (1) above may be rendered by consulting engineers, consultants, or other persons with requisite knowledge and experience who are not reasonably objected to by the Bond Insurer. Pledge of 1989 Special Assessment Revenues Authorization for 1989 s2We«„"sments, In accordance with Chapter 125, Florida Statutes, the County entered into an Intergovernmental Agreement with the City of Sebastian, Florida (the "City') dated February 3, 1987, for the imposition of special assessments in lieu of impact fees (the "1989 Special Assessments") levied upon certain property, with the consent of the property owners. Pursuant to Ordinance No. 86.88, and Resolution Nos. 87-142,89-12 and 89.20 of the County and Ordinance No. 0.87-01, and Resolution Nos. R-87-85, R-89-07 and R-89.12 of the City and in accordance with the Intergovernmental Agreement (collectively, the "1989 Special Assessment Resolutions") the County authorized the levy of special assessments against certain real property and provided the procedures therefor. Under the 1989 Special Assessment Resolutions, the special assessments, were levied against certain benefitted properties, with the proceeds of the 1989 Special Assessments being used to fund the costs of the expansion of the County sewage system, including the acquisition and construction of the physically independent system known as the "North County Wastewater System." In Fiscal Year 1989, the County issued its Series 1989 Special Assessment Bonds, which were refunded by the Series 1993B Bonds. The Series 1989 Special Assessment Bonds were issued for the purpose of repairing and constructing the North County Wastewater System. Interest On and Prepayment of the 1989 Special ASSOSSMents The 1989 Special Assessments were to be paid in 10 equal annual installments with interest thereon. Pursuant to the terms of the resolutions levying the 1989 Special Assessments, the owner of an assessed property may prepay the balance of the 1989 Special Assessments due on such property in full at any time. In such event, such owner must also pay an appropriate interest and/or prepayment charge as determined by the County at the time of prepayment. The prepayment of a 1989 Special Assessment does not entitle the owner of an assessed property to a discount for early payment.