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The Mizner Park Bonds are secured by a pledge of tax increment revenues lease revenues from Mizner Park and deficiency payments received by the BRCRA pursuant to an interlocal agreement with the City. In the event that the tax increment revenues and the future lease revenues are insufficient to pay the required obligations under the Mizner Park Bonds the City is required to pay the BRCRA from Public Service Taxes an amount equal to any deficit in the amounts required to be on deposit in the...
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