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debt service amount due on the Golf Course's outstanding bonds in their respective <br />years. The monies come from interest earnings on cash accumulated in the Closed <br />Bond Fund. The Closed Bond Fund exists for the purpose of providing supplemental <br />financing of debt service requirements and lowering the debt service portion of the <br />annual City-wide tax levy. By allocating these dollars to the golf course it will provide <br />supplemental financing for the Golf Course's debt. This in turn would "free up" Golf <br />Course revenues to be applied towards the unfunded capital replacement needs. <br />Several additional parks and recreation staff will be on hand to answer questions. Staff <br />include. Jason West, Assistant Parks and Recreation Director; Chris Wolla, Parks <br />Maintenance Manager; and Ken Manthis, Golf Operations Manager. <br />If you have any questions or want any information prior to the meeting, please let me <br />know. <br />Thank you. <br />Attachments <br />0 <br />• <br />