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I! ' _ .. l _ _ , . ' "1.. 1112017, Hotel Taxes fell 30% in Beech Town due to a hurricane to $1,650,000. Beach Town has $27,000,000 of Hotel Tax Revenue Bonds outstanding that amortize annually through 2045. Maximum Annual Debt Service is in 2032 With principal and inuut totally $1,575,000. The Hotel Tax Indenture contains an Additional Bonds Test of 1.31:. Can the City Council sell 510 million of new money parity bonds due in 10 years will] a 5% coupon to rebuild the sand dunes

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