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STAFF REPORT <br /> PAGE TWO <br /> DECEMBER 13, 1993 <br /> However, it must be noted that, while the City taxpayers will not be obligated. to retire <br /> the debt on the Revenue Bonds, in the unlikely event that the course's revenues (over <br /> a period of time) were not sufficient to pay the debt service, the City would have to re- <br /> evaluate the operations of the course and its revenue/expenditure stream. Such re- <br /> evaluation might result in one or a combination of several courses of action, only one <br /> of which may require a general tax subsidy. Other actions could be restructuring the <br /> course operations, lease or sale options. This discussion is called to your attention <br /> . _ - _ -- -- - _ - t,e- . --. - -= <br />