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TABLE OF CONTENTS <br /> Page <br /> INTRODUCTION <br /> 1 <br /> THE PROJECT AND THE LEASED PROPERTY 2 <br /> The Project <br /> Status of Environmental Approvals 2 <br /> Status of Bids and Estimated Start and Completion Dates 3 <br /> The Leased Property 3 <br /> 3 <br /> THE BONDS <br /> Description of the Bonds 4 <br /> Redemption of the Bonds 4 <br /> Exchange of Bonds 5 <br /> Book-Entry System 7 <br /> Transfer and Payment of Bonds 7 <br /> Possible Derivative Structures 8 <br /> 8 <br /> ESTIMATED SOURCES AND USES OF BOND PROCEEDS 9 <br /> DEBT SERVICE <br /> 9 <br /> SECURITY FOR THE BONDS <br /> General 10 <br /> The Lease 10 <br /> Base Rental 11 <br /> Abatement 11 <br /> Insurance 11 <br /> Limited Recourse on Default 12 <br /> Release of Leased Property 12 <br /> Reserve Account 12 <br /> Issuance of Additional Bonds 13 <br /> 13 <br /> BOND INSURANCE <br /> General 13 <br /> Payment Pursuant to Municipal Bond Insurance Policy 13 <br /> MBIA Corporation 13 <br /> 14 <br /> THE AUTHORITY 15 <br /> THE CITY <br /> General 15 <br /> Appointed Positions 15 <br /> Demographic Statistics 17 <br /> Employment 17 <br /> Construction Activity 17 <br /> Transportation 18 <br /> Utilities 19 <br /> Education 19 <br /> Community Facilities 19 <br /> Recreation 20 <br /> 21 <br /> CITY FINANCES <br /> Annual Reports 21 <br /> Certificate of Achievement 21 <br /> General Fund Balance Sheet 21 <br /> Revenues, Expenses and Changes in Fund Balances 22 <br /> 23 <br /> 1 <br />