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<br />3 <br />occupancy of all or any portion of the Leased Property, or (ii) a temporary taking of the Leased <br />Property or a permanent taking of a portion of the Leased Property. See “SECURITY FOR THE <br />BONDS – Abatement,” and “RISK FACTORS – Abatement.” <br />Risks of Investment. The Bonds are repayable primarily from Lease Payments and <br />other amounts payable by the City under the Lease. For a discussion of some of the risks <br />associated with the purchase of the Bonds, see “RISK FACTORS.” <br />THE BONDS ARE SECURED SOLELY BY THE PLEDGE OF REVENUES AND <br />CERTAIN FUNDS HELD UNDER THE INDENTURE. THE BONDS ARE NOT SECURED BY A <br />PLEDGE OF THE TAXING POWER OF THE CITY. THE AUTHORITY HAS NO TAXING <br />POWER. NONE OF THE BONDS, NOR THE OBLIGATION OF THE AUTHORITY TO PAY <br />PRINCIPAL OF OR INTEREST ON THE BONDS, NOR THE OBLIGATION OF THE CITY TO <br />MAKE THE LEASE PAYMENTS, CONSTITUTES A DEBT OR A LIABILITY OF THE <br />AUTHORITY, THE CITY, THE STATE OF CALIFORNIA OR ANY OF ITS POLITICAL <br />SUBDIVISIONS WITHIN THE MEANING OF ANY CONSTITUTIONAL LIMITATION ON <br />INDEBTEDNESS, OR A PLEDGE OF THE FULL FAITH AND CREDIT OF THE CITY. See <br />“SECURITY FOR THE BONDS.”