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The result is that the City would essentially take approximately $4,600,000 from its <br />general fund (i.e., from the levy settlement for the second half of 2012), and apply those <br />funds to pay debt service on the Series 2005A Bonds. That leaves the City general fund <br />short by the same amount. <br />The only advantage is the City would now have title to the Property and could take the <br />lead in finding buyers. However, as a practical matter, the City is already active in that <br />effort, and simply gaining title does not seem a sufficient incentive to implement the <br />County's proposal. <br />If you or Council members have further questions, please let me know. <br />411348v2 LN140 -80 <br />2 <br />