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the amount of $[2,240,000] with a final maturity of April 1, 2031, which are secured by <br />payments received by the City from the State pursuant to Section 212.20, Florida Statutes <br />(the "State Payments"). The Series 2001 Bonds were previously also secured by (1) The <br />Fourth Cent Tourist Development Tax levied by the County in Ordinance No. 2000-029, <br />enacted pursuant to Section 125.0104(3)(1), Florida Statutes, and (2) Eighty-six percent <br />(86%) of the Local Government Half -Cent Sales Tax distributed to the County, pursuant <br />to Chapter 218, Part VI, Florida Statutes. The Fourth Cent Tourist Development Tax and <br />the Local Government Half -Cent Sales Tax pledged to the payment of debt service on the <br />Series 2001 bonds were automatically released as pledged revenues for the Series 2001 <br />bonds immediately following the April 1, 2021, principal payment on the Series 2001 <br />bonds. <br />[Remainder of page intentionally left blank] <br />