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Lease Revenue Bonds <br />• EDA to issue bonds which are repaid from annual <br />lease payments from the City under a facilities <br />lease agreement. City builds the facility <br />• City may levy for the lease payment which <br />approximates debt service <br />• City owns land and which is leased to the EDA <br />• Upon completion of bond repayment, land and <br />building leases expire and City holds title to both <br />• Govt. to Govt. lease -outside of levy limits <br />Public Sector Advisors 3 Springsted <br />